The URL can be used to link to this page

Home My WebLink About1592 3. To piau and continuou~~y keep o++ ~he bv~'d~~gs now or hereafl~r ~l~uate on ss~d ~and and on all equip+nero and personally covered by ~h7s mw sg~, w~~h •II prem~ums thereon pa.d ~n fuU, fire insurance in ~he usud s~andard po~~cy form, in ~ sum approved by the MOR~v.~GEE, and v~~~~ds~o ~ns~rancf in the usval ftandard pot.cy fam, in a sum •pprovrd by 1he h1C)RTGAGEE, in such tompa~y Or tanpan~es aa ~hr A:ORiGAGfE m dncc?; and all (ire ~nd w~ndstorm insurante po~~c~zs on any of said build:~s, any inreres~ therein or part Ihereof, in ~he agqregate su~~ atoresaid _ in excess thereof, ~hatl cw+~ain the uwai s~andard ma~gagee clause w~uch o?he~ da~ie a IM Mortgagee may ~cqwro, mali~+g ~iu_ iose unJer sa~d po ~ c~es, each and every, pa~ab~e to sa~d MORTGAGEE as rts intrreit may appear, and each end every such pot~cy ~hall be promptly ass g~ed a~~d de~~~•~rrd ~ any held by satd MORiGAGEE as furiher secu~ity ~o ia~d n,o~tgsfle deb~, and, not less than ten (10) days in advance o1 Me exp~ranon of each po!~cy, ro d. fve~ to se~d MORTGAGEC a renewal thereof, to9ether w~th ~ rcce~pt fo~ the pram~um oi such renewal: and there shall be no i~re o~ w~~~ds~or,n ~nS~~drK pt~ced on ~ny of said bu~idings, any interest there~~ a part thereoF, unless in the form and wiih the toss payable ai ato~esaid; and in the e~ent any sun of money lxcomes payabte under such policy or poLcies said MORIGAGEE ihalt Mve ihe opr;on lo rece~~e and apply the sanu on accoun~ of ~he indabrod ness sec~red he~eby w ~o permit sa~d MORTGAGORS io receive snd us~ it o? any part ~hrreof ior oci,cr Fu~c~osna. .vni,o~~ ih~•. u~ .va~~~ c~ ~~+~a.~~~ ing any equ~ty, G~n w righ~ unde? a by virtue of ihis mo:tgage; and in the evem ~a~d MORTGAGORS ihall fa any reason faii to keep fhe aa~d prem~srs ao •nsured, or fai) to de~~ver pranptly any of sa~d pol~cies of inswance to sa~d MORTGAGEE, w fad p:ompt~y to pay fully any p~e~~~~um the~riur or m a~y respett fail to p~rfwm, dfscharge, eaecute, e((ed, comptete, tomply wi~h and abide by thh tovenant, w ~ny pjit hrreof, said MVRTGAGEE may p~ace a,o pay fw such insurance or •ny part thereof w~~hout waiving w ~ffectinq any op~~on. lie~, equ~ty, or r~gh~ under a by v~rtue of ihis !N«fgage, and ~hc ful~ amount of each and e.e~y svth paymem ahall be immcdlately d~~e and payable and ihall bear iroerest from ~ha date thereof un~il p.,~d at Ux ra~e of ~~ne per cen!um per ann~:n a~~J ro~r~her with such interest shai~ be secured by the lien oi this mortyage. 1. To permit, commit or su(le~ ~o waste, impairrtxnt or deterioration of iaid property a any part tlxreof. 5. To pay all ~nd s~ngvls+ the cost~, charges and expenses, including a reasonable attorney i fee and costs of abstracn of ?itle, incur.ed o. paid at any time by sa~d MORTGAGfE, because or in the event of the fa~lure on 1he part of the said MORiGAGOR to duly, p~ompfly and futly perfo~m, d~scharge. exewfe, eflect, canptete, compty w~th and ab:de by each and eve~y ~he atiputanons, agreen~en~s, condit~ons, and covenan~s oi sa~d pro~~usso~y note a~d ihi• ,,orrgage any w e~~her, snd sa~d cos4, cl+~rgef and eapenses, each and every, shall b~ immed~~tely due and payable; whethcr or not there be no~~ce da martd, attempt to collect or s~it pendang; and the full amount of each and e~ery such payment shall bea~ interes~ from ~he da?e thereof unril paid at tt~c ~.~!e oi ninc per cenwm ~r an~wm; and all aaid costs, chargcs and expenses ~ncurred or paid, together wuh s~ch interest, sAall be secured by the Gen oi ~h~i mortyage. 6. That (a) i~ the eve~t of any breach oi th3s Mortgaye or default on the part of the MORTGAGOR, w(b) in the event any of sa:d sum~ of money herein refe~red to be not promptly and fu~ly paid w~thin th~rty ~30) days r.ext aitcr the same severotly become due and payable, wi~hout demand or not~ce, o~ (c) in the event each and every the stipvlarwns, agreements, condit~ons and covenants of sa:d promissory note and th~s mortgage any w e~~her are na iuly, promptly and fully performed, d,scharged, execured, effetled, completed, compl~ed with and abided 5y, then in e~thcr o~ a~y such eveM ~he sa~d ag grrgete sum mcntioned in said promissory note then remainin9 unpaid, with interest accr~ed, and a11 mo~eys secured hereby, shall betome due and pay- etrte fo~thw~th, or thereaha, at the opuon of sa~d MORIGAGEE. as fully and completely a~ ii all of the iaid aums o~ money werc o~~g~~s~ly st~pu.a~ed ~e be paid on such day, anything in sa,d prom~ssory note or in th7s Mo~tgage to the co~tra+y notwithstanding; and there~pon or thaeafter at the op~:on of se~d MORiGAGEE, withovt notice or drmand, suit at law w in equAy, the~eFore or thereafter beyun, may be prosecuted as if all moneys secured hereby r,d matured priw to ~ts ins~itution. 7_ That in the event that at the beginn~ng of or at any time pend~ng any suit upon this /Nortga~e, or to fotetlose if, or to reform it, or to enforce ~-ayment of any claims haeunder, sa~d h10RTGAGEE shalt apply to the Court havi~g ~w~ad:uion ~hereol fw ths ~ppOinTmM1 Of a Receiver, such Gw,r~ shaf{ rorrhwith appomt a recei~er of said mortgaged property all.and singular, indud~ng akl and s~ngula? the income, profits, issuea and revenves from whatever s_ .,•ce derived, each and every of wh~ch, i~ br~ng expreasly unders~oad, is hereby mortgaged as if spec~ficaily set io~~h and described in ~he grannng and t;~end~m cla~ses i+ereof, and such Receiver shall have all ihe broad and effect~ve funct.ons and Fowers in a~yw~se entrusted by a Court to a Re,eiver, and s ch appointment shal~ be made by such Cowt a~ an admitted equity and a matrer of absol~te r~ght to sa~d MORTGAGEE, and wi~heut re{e~rnce to the r~:.~q~acy w insdeqvacy ol the vaii,e of the prope~ty mortgaged or to the so:vency or ~nso!vency of sa~d MCRiGAGOR w the delendanfs, and ~hat s~ch ~+s, profits, incane, issues and revenues shall be appiied by such Receiver accord~ng to the lien or equity of sa~d MORTGAGEE and the proctice oF such Court. 8. To duly, promptty and fully perForm, discharge, eaecute, effcct, complete, compty with and abide by each and every t~e stipulations, agreements. condaions and covenanta in sa~d promissay rtote and th:s mortgage set fort!~. 9. That in the event the ownership of the mortqaged premises, or a~y part thereof, becomes vested in a person other than the MORTGAGOR, the :'ORTGAGEE, its successors and ass~gns, may, wi}hout norice to the MORTGAOR, deal wlth svch successw w successw in interest wnh relerence to this ^ c-tgage and the d~bt hereby secured in the same manner as with Mortgagor witho~t in any way vit~ating or d~scha~ging the Mortgaqors' liability herr ~n~er w upon the deGr heroby sewred. No sa,e of the pren-.ises hcreby mortgaged and no forbearonce on the part of the ldORiGAGEE or its successors cr assigns and no extersion of the time ior the payment of the debt hereby secvred given by Ihe MORTGAGEE or its successors o~ ass:gns, a~~all operate ro release, dacharge, modify change or atiect the origmal liab~~ity of the NtORTGAGOR herein, either in whole or in part. 10. It is spec~f~cally agreed that time is of the essence of this contract and that no waiver of any obtigat~on hereunder er of the obli9stion se- c.,red hereby shali at any time ~hereafte~ be heid to be a waiver of the terms hereof or of the instrumeM sewred herby. 11. In atid tic~ to the forego ng momh~y payments of pri~c pal and interest req~ired by the prom sso~y no~e secured hereb~, mortga~or covenants agrees ro~ay to mortgagee vv~th each momh'ry pay~:~ent an addrional s~m est:mated by mortgagee to be equai to 1; 12 of the annual cosr of the lollow- ,3: I k A-All real property taxes levied or assessed agai~st the above desaibed real esrate. ~ B- Prem:ums on fire and wmJstorm inturar.[e as here~n requ~red to be carried on the im~rovemenis s~tvate on The above d°scribed premises. ~ C-Premi~ms on such mortgage guaranty insurar.te as m~rtgagee shall from t:me to tirne deem fit to carry on the toan secured hereby_ ' Mortgagee sha~l '.om ~ime to t~me ~orify mortgagor ~n wr~f~ng of the arr.ount d~e and payable hereunder and such sum shall thereupon be due and ~ :.i,able on the due oa~e of the next month;y payment and each successive month thereaher ur,til mortgagee shall nonfy mongagor of a change in su:h f ~ a: oum. Such sums sha~l be appiied by mortgagee towar~+ the payment of real property taxes, insurance prem:ums, and mwtgage guaramy insurance ;:~emiums. ' - ~ IN WITNESS WHEREOF, the sa~d MORTGAGOR has hereunto xt his hand and seal the day , ear first aforeseid. ° Se Se~led and deli in f weaence of: ~j I NQ__i_ITNC~ ~ FILEC'~: =E~~ ~,C~ED g me . ~ { ai~ ~ - ST l:': . F~n. Se~ ~ ~ - . ATT s u.~.~ ~ ' - F~~ ~'S ~ ~~urer ~ ~,c:~- __FT,~L . . ~ ^ r ^ , . _~~i•-- ~an ~ - - - FEe 9 l'14a PH'~C ` ~t;~- - - - ~ 223593 . ' _ ~ r. ~ ~TATE OF FIORIDA COUNTY OF ST. LU IE f ' I HEREBY CERTtFY, That on this --.8--_day of ~~1 ~ ~ ~Q-~~-?~ n ~ ~ before me personally appeared -'~ames N. Blanton _ and Ju la F. Woo~. ya,~' ~ respectively as President and _ . _ Secretary - Treasurer _ " of ~ _Blanton_and Wood Construction~ Inc~._, a__Florida Corpora,~on, to me known to be the persons described in and who executed the foregoing instrument, and severally acknowiedged the exe- cution thereof to be their free act and deed as such officers for the uses and pursoses therein mentioned; and~'fhat.they - affixed thereto the official seal of said corporation, and the said instrument is the act and deed of said co{o?atipp:.~,~ - WITNESS my hand and official seal at Fort Pierce , said co and ate. . ~ This instruaent prepa red by ~ ~ ~ R ichard K. Ka y~es J First Federal Savings and Loan Notary Publ c, in and for ate and County aforesaid.. ~ = Association of Fort Pierce My Commission Expires: ~Qh. 14"~S~ ~ Checked By = ~o~K~yg PA~159~ ~4 ~ ' _ _ . ~ ~G- 'x L c~ . ..w. s . . ~ . . _ . . , C_~ , ra