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Home My WebLink About0750 3. To place and to~tinuously keep on the bui'dings now or hereafter sit~e~e on sald land and on ail equip~nenl snd personally covcred by this mo~ egs, w~~h all premium~ thereon pa~d in full, fire inwrance ~n the uaual s~and.+~d pol~ty furm, in a sum approved by the MOR~GAGEE, and vnndsto insurance in the usua) srandard pol.cy form, in a aum approved by ~he M~JRIGAGEE, in such company or companies as ~he MORiGAGEE ~n d~rect; snd all (i~s and w~ndstorm insurance po~~c~es on any o( said bvi;d~ngi, any interest therein or part thereof, in Ihe aggrega}e s~m aforesa~d in sxceas thereof, shall contain the usual standard mortgagee clause a such othe~ dau~e as Ihe Mortgagee may requ:~e, making the lo~s under sa~d po urs, each and every, payab~e ro said l~10RTGAGEE as ita interest may appeai, and each and eve.y such po!~cy ehall be promptly ass g~~ed snd da~Yrrrd ~ any held by sa~d MORTGAGEE as further security to said mortgage dabt, and, not leu than ten (I01 days in advance of the expiration oS eac~ po~~cy, to d. Gver to said MORTGAGEE a renewat thereof, togeeher with a receipt for the premium of such renewal; a~d there shatl be ra f~ro o~ winds~orm iniuranc pIM~ pn ~ny of said buitd~ngs, ~ny interest therein or part thereof, unless in the fo~m and with the Ioss payable as afwesaid; and in the e~ent any sun of money becomes payable undcr such policy or policies said MORTGAGEE ihall have the opt~on lo receive and app!y the saa~e o~ accouni o( ~he indrb~ad ness secwed hereby o? ro perm~t aa~d MORTGAGORS ro receive and use i/ or any part tt~e:eof fo. o:ner purposes, .v;iho~t ih_~~~ b f w.:~.~ ~3 0~ ~~~pa~r ing any equ~ty, lien or righr under w by virtue of this mo:tgage; and in the evenl sa~d MORTGAGORS shall for any reason fail to keep the sa~d premisas so ~nsured, or fail to deliver prornptly any of aaid pol~cies of insurance to said MORTGAGEE, or fa~! proinptly to pay fu;ly any pre~ni~m therefor a in a~y respec~ fail to perForm, d~scharge, execute, effect, comple~e, comply w~rh and ab~de by this cove~an~, o~ any par~ hr~eof, said MURTGAG[E may p:ate a~~d pay io~ such insurance or sny part thereof without waiving w affecting any opt~on, lieo, equity, or right under w by virtue of this htortgage, a~d fh~ iul~ amount of eath and every such paymeN shall be immediately due and payable and shall bear interest f~om tha date thercof u~itil poid at tha rate of n~ne , e~ centum per annum and to~ether with such interest shall be sacured by the lien of this mortgage. J. To permit, commit w suffer no waste, impairment ot deterioration of said property ot any part thereof. S. To pay all and singular the costs, charges and expenses, including a~easonable attwney's fee a~d costi of abstracts of title, incurred or pa~d at any time by said MORTGAG:E, because a in the event of ~he failure on the part of the said MORTGAGOR to duly, p~omptly and fully per(orm, d~acharge. rxecute, effed, compiete, comply w~th and ab:de by each and every tFk stipulanons, agreements, condit~ons, and covenants of sa~d prom:isesy note and ~his ,rutgage any w e~ther, and sa~d costs, charges and expenses, each and every, shail be immed~ately due and payable; wheih6r or ~ot there kx not~ce d> mand, altempt to collect o~ s~it pend~ng; and the ful) amovnt of each and e~e~y such payment shall bea. interest from the date thereot unril paid at the .~fe oi nine pe~ centum per amium; and a8 said costs, charges and expenses intu~r~ q paid, togathe~ wah such in~erest, sha0 be secured by the lien of th~s mort~age- 6. That (a) in the even~ of a~y breach of this Mortgage w defaul~ on tF,e part of the N10RTGAGOR, or (b) in the event any o( sa:d sums of moe~ey he~ein referred to be not promptly and fuily paid within th~rty (30) days nex~ after ihe same seve~ally become due and payable, without demand or noi~ce, ~ or (c) in the event each and every the stfputat~ons, agreements, conditions and covenants of sa:d promiswry nofe arxl th~~ mortgage any a e~ttxr are no~ i~ly, promptly and futty performed, d~scharged, executed, effected, completed, compl~c~d with and ab~ded Sy, then in e~ther w any such event the sa~d ag gregate sum mentioned in said promissory note then remaining unpaid, with inte~est accrued, and atl moneys setured hereby, shall brcome due and pay- ab~e forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completety as ii all of the said sums of money were a~gina(ly snpulated to be pa~d on such day, anything in sa:d prom~sswy note w in this Mortgage to the cont~ary no~withstanding; and thereupon or thereafter at the op~~on of sa~d MORTGAGEE, without ~ot~ce or demand, suit at law or in equ~ty, therefore w thereafrer begun, •mey bR~yoy~cut~~a~ if all moneys secured hereby nad matured pnw to ~ts institutwn. • . ' ..!?/Y'/: '3 . 7. That i~ the event that at the beginning of or at any time pending any suit upon this Mortg~ o3e tf, o~ ~O refwm iy OS •Ip enforce payment of any cl~ims hereunder, said MORTGAGEE shali apply to the Cour~ having jurisd+ction thereqE f ~~nt~iN•oU a RettivCr, ~vch„6p~rt shell foAhwith appoint a reteiver of said mortgaged property all and singutar, includ~ng all end singu~ar the~ o ds, isiues and`~ v4lp~ ~/o~[~ wl~atever source de~ived, each snd every of wh~ch, it being expressty undersrood, is he~eby mortgagcd as if speu(ically set fwth and desaibed~ in IF~ gi~n4ir~tj and haSendum clauus hereof, and such Receiver shall have all the broad and effective funct~ons and power~ in anywise entrusted by a Court to a Receiver, and s. ch appointmeM shall be made by such Court as an admitted equity a~d a matter of absolute right fo said MORiGAGEE, and wifhoul reference to the adequacy or inadequacy of the value of the property mortgagcd or to the so~vency o? insolve~ty of said MORiGAGOR or the defendants, and rhat such renfs, profits, incane, issues and revenues shall be applied by such Receiver accord+ng to the leen or equity of iaid MORTGAGEE and the pract~ce of such CourT. 8. To duly, prompt!y and fully perform, d~scharge, execute, ef(ect, complrte, comply wi~h and abide by ~ach and every the stipulations, agreements, conditions and covenams in sa~d promissay note and this mortgage set forth. 9_ That in the event the ownersh7p of the mortgaged premises, or any part thereof, becomes vested in s person other than the MORTGAGOR, the h'.ORTGAGEE, its successors ar.d assigns, may, wirhout notice to the MORTGApR, deal with such succcuor a successor in interest with reference to this mortgage and the debt hereby secured in the same manner as w~th Mortgago~ w~thout in any way vitiating or d~xharg~ng the Mortgagors' liability here- under or upon the debt hereby secured. No sale of the premises hereby morfgaged and no forbearance on the part of the lAORTGAGEE or its s~ccessors or assigns and no extension of the time for the payment af the debt hereby secured given by the MORTGAGEE o~ its successors or assigns, s+~all operate ~ ro release, d~scharge, modify change or alfect the original liab:tity of the MORiGAGOR Fu~ein, either in whole o? in part. + ! 10. It is specifically agreed that time is of the esunce of this contiact and that no waiver of any obligation hereunder or of tha obiigation se- i cvred hereby sha11 at any time thereafter be held to be a wa~ver of the terms hereof or of the instrumeN secured herby. 11. In add~tio~ to the forego~ng monthty payments of princ pal and interest required by the prom~ssory no!e secured hereb~, mortgagor covenants ~nd agrees to pay to mortgagee with each momhly pay~~ent an add~rional sum est:meted by mortgagee to be equal to 1; 12 oi tSe annual cost of the folbw- !ng: ~ A-All real property taxes levied a asses:ed agai•~st the above described real estate. ~ 8-Premiums on fire and windstorm insurar.ce as herein r p p i equ~red to be carried on the im rorements s;tuate on the above described remises. C-Premiums on such mortgage guaranty ir.surar~ce as morrgagee shall from rme to t~me deem fit to carry on the loan secured hereby. ` Mortgagee shait from time to t~me ~ot~fy mongagor ~n writing of the amount dur and payable hercundrr and such sum shall thereupon be due and t ~ayable on the due date of the next month:y paymem and each successrve rnonth thereaftcr u~til mwtgagee shall notify mortgagor of a ch~aQe in auch a nount. $uch sums shalE be applied by mortgagee toward the payment of reat property taxes, insurance prem;ums, and mortgage yuaranty insuranc~ a~emiums. • ~ IN WITNE55 WHEREOF, the sa~d ORTGAGOR has hereunto set his hand a~d seal the day and yesr fint afwesaid. " ~ Signed, Sealed and red i presente of: R~~,~~J1N ` ]1~'$~ j]1/jC• FILEO ~?MO RECOROEO aY _ ~ 4-~,~. ~ Q fT. WC~E COUfITr fLl -t~l~~f o~~"~ ~S'I~lf~ : g ROCER 'r~tTRAS ~ = ~ CLEP.[ C'=c:u~T COUR~~ ATTE • r~~ ~ RF~~Q~ yrc~r~ f~~~ Al nder H. Mat~4 ret~!~ ~ - - " ~ ~ ~ - - - - - _T~ ~ ~~511~ ~ STATE OF FLORIDA COUNTY OF ST. LUCIE ~ I HEREBY CERTIFY, That on this _~=_day of __11~?~~h A.D. 19~~ . , ~ ~ before me personally appeared Nicholas Vitkovich and Alexander H. Matz respectively as President and _ Setretary -Treasurer _ of ~ ' F' _Roval Palm Investments, Inc. Florida ~ - - - - Corporation, to me ~ a f ~ known t4 be the persons described in and who executed the foregoing instrument, and severally acknowledged the exe- _ cution thereof to be their free act and deed as such officers for the uses and pursoses therein mentioned; nnd that they affixed thereto the official seal of said corporation, and the said instrument is the act and deed of said corporation. f [ WITNESS my hand and officiat seal at Fort Pierce , said co and s te. ~ ~ This instrument prepared by . • € ~ Richa rd K . Kayes . ~ - ~ - First Federal Savings and Loan Notary Pu lic, in and for S at and County aforesaicl. , ~ Association of Rort Pierce, Florida MY Commission Expkes~Fy P?; sL SrA;r ^F FR oit1UA AT tAP,GE a k/r ^^..r•:ii %!'.2. 2. 15?75 ~ CE\~~,; L4~.:..",..i:_ :+.%T~.iS.l`~(:. i Checked By ~ s - ~ . ~ i ~3 soo~200 ~ .750 ; ~:d~ - - - - - -i - ~„r a _ `5` - - 6__esn < .s _ _ , , LL_ . . , . - ~ „ _ . . _ _