The URL can be used to link to this page

Home My WebLink About2058 3. To place and con~inuously keep on tne iw;:~: :y: : or: ar ~_-c*~•rr s?+..=re ~n s+t.1 ~a.~.! a.,d on a!1 equ;~,ne~t and personally covered by I~is ma sge, wi~h all premiums ~hereon pa~d in (uli, f~re insurance in ~he usual standard pol~cy lorm, in ~ sum appoved by the MOR~GAGEE, and w~nds~o ~nsurance in the uwal atanda~d pol,cy f~m, in a sum approved by the MORTGAGEE, in such company or compan~ ~s as Ihe MORTGAGEE m direct; ard aN fire and w~ndsto~m ensurance poliues on any of said build~ngi, any interesl lherein or parl thereol, in Ihe a99~egate ium ~ipewid in exceu thereof, ihall contain the vsual standard mongagee clause w such other clause as the Mor~gagee may rcqu+re, making ~he tos~ under sa~d po ues, each and every, payable to said MORTsAGEE as tts int~rest may appear, and each a~d eve?y such pot~cy ehall be prompUy ass.gr,~S e: d deGvered i a~y held by said MORIGAGEE as tunher security to said mortgage debt, and, not lesa than ten (10) days in advance of the expirat~on ol each polay, to d. '~ve+ +o s.;d MORTGAGEE a reruwal thereof, together with a receipt fot Ihe premium of suth renewal; and there shall be no fire or winds~am insu+sr~c placed on any of s~~d buildings, any interest therein w parl thcrooi, uniess ~n ~tK iorm and with the toss payable as aforesaid; and in ~he evenl any sun of money becomes payable unde~ such policy w pol~cies said MORIGAGEE shall have ~he opt~on to rec~ive a~~d apply the same o~ accoun~ of the i~debted ness secured hereby or fo permit said MORTGAGORS to receiva and use i? o~ any par? thereoi ior o:i~er pw~~oses, ~•.~+houf ~h.~~ ui wa~w~ ~3 c~ ~~np„ir ing a~y equity, lien w rtght under w by virtue of this mo:tgage; and in the event sa~d MORTGAGORS shall tw any reasw~ fail to keep the sa~d prcmisrs so insured, pr fail to deliver p~omptly any of sa~d policies of insurance lo sald MVRIIaAbtt, or ia~i pru~uy~iy to pay fulty any premium therefw o~ in a~y respect fail to pc~rfwm, d~scharge, execute, ef(ect, comptete, comply with and abide by ~his covenant, w any pa~~ hareof, said MORTGAGEE may place and pay io~ such insurance or a~y part thereof wi~hout waiving w a(fecting any~ optipn, lien, equity, or right under w by virtue of this Mo.tgage, ~nd the full amount o( each and every such payment shall be immediately due and payable and shalt bear interest from tha date thereof until paid at the rate ol n~ne per centum pe~ annum and toaether with such interest shali be secured by fhe lien of lhis mwtgage. 1. To permit, commit or suffer no waste, impairment ot deterioration of said prope~ty or any part thereof. 5. To pay all and singular the costs, charges and expenses, i~cludirg a reasonable attorney's fee and costs of abstracts of titte, incuned or paid at any fime by said MORTGAG:E, because w in the event of the failure on the part of the said MORTGAGOR to duty, promptly and fully pe~(orm, diuha~qe. execute, ef(ea, comptete, comply w~fh and ab:de by each and every the stipulat~ons, agreements, conditions, and covena~ts of said p~omissory note and this mo•+gage any or ei~her, and sa~d costs, charges and e:penses, each and every, shalt be immediatefy due and payable; whether or not there be not~ce de mand, attempt to collect or suit pend~n9; and the full amount of each and e~ery such payment shali bear interes~ from tFx date thereof until paid at the rate of r.ine per centum per annum; and ail said costs, charges and expenses irxurred or paid, together w~th such iroeresl, shall be secured by the lien of this mortgage. b. That (a) in the event of any breach o~ this 1Nortgage or deFaul~ on the part of the MORTGAGOR, w(b) in the event any of sa~d aums of money herein ~eferred to be not promptly and fully paid within thirty (30) days next after the same seve~atty betome due and payable, without demand w notite, or i~ the event each and every the stipv~ario~s, aqreements, cor~d+tiw~s and covenants of sa:d promisswy note and th~s mor~gage any a either are not ~~ly, promptly and fully perfwmed, d~scharged, executed, effeded, completed, compl~ed wifh and ab~ded Sy, then in e~ther or any such event the said ag grega`e wm me~tioned in said promissory note then remaining unpaid, with interest accrued, and atl nwneys setured hereby, shall become due and pay- u~i.t {Vii{l~l({3 ' ar 3~ ecea`:tc-, ai ehr v,~sio^ s~~d MORTGAGEE, as fully and completely as i( afl of the said sums of mooey were aginally sttpulated ro be pa~d on such day, anything in sa:d pro~nissory note or in Ihis Mwtgage to the contrary notwiThs~an~i~ng; and ~hertupon or thereafter at the option oi said MORTGAGEE, withour norice w demand, svit at !aw or in equity, therefwe a?}~ereafter begun, may be prosecuted as if all moneys secured hereby had maWred pnot to ~ts institution_ 7. That in the event fhat at the beginning of or at any time pe~ding any suit upon this Mortgage, or to foreclose it, w to refam it, or to enforce payment of any ctaims hereunder, said t~tORiGAGEE shatl appty to the ~ourt having ju~+sd~ction ~hereof for ihe appo~ntment of a Receiver, such toun shall Forthwith appoint a receiver of said mortgaged property all and singular, includ,ng all and singula? the income, profits, iasues and revenues from whatever source derived, each and every of wh;ch, be~~g expressly unders~ood, is F.e~eby mo.tgaged as if spec:ficatly set torth and deuribed in the granting and habendum dauses hereof, and such Reteiver shall have all the luoad and effective funct~ons and powers in anywise entrusted by a Court to a Receiver, and s:;ch appointment shall be made by such Court as an admitted equity and a matter of absolute r~ght to wid MORTGAGEE, and without reference to the adequacy or inadequacy of the value of the praperry mortgaged or to the so:vency or ~nsotvency o! said MORTGAGOR a the defendanfs, and that such rcn1S, profits, incane, issues and ~evenues sha~l be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practrce of such Court. B_ To dufy, promptly and fulfy per(orm, discharge, execute, efiect, complete, comply with and abide by each and every the stepulations, agreements, conditions and covenants in sa~d promisswy note and this mwtgage set fo?th. 9. That in the event the ownershlp of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the h10RTGAGEE, its successas and assigns, may, wirhout norice to the MORTGAOR, deal with svch svccessor a successor in inrerest wirh refe~ence to thia n,o~tgage and the deb~ herehy secured in the same manner as with Mongagor without in any way vitiating or diuharging the Mortgagors' liability her~ under w upon the debt hereby secured. No sale of the Fremises hereby mortgaged and no forbearance on the part of the MORiGAGEE or-its successors or assig~s and no exrension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successws w assigns, aiwl) operate to release, discharge, modify change or affect the orig~nal liability of the MORTGAGOR herein, either in whole or in part_ 10. It is specifical(y agreed that time is of the essence of this tontract and that no waiver of any obligation hereunde~ or of the obligation se- cured F~ereby sha0 at any time tF~ereafter be heid to be s waiver of the terms hereof or of the insrrument secu~ed her6y. 11. tn add~tio~ to the forego'ng monthly payments of princ'pa! and 'enterest iequired by the promissory note secured hereb~, mortgagor tovenants and agraes to pay to mortgagee with each momhly pay~,ient an add~~ional sum est~matecl by mortgagee to be equal to 1 j 12 of the annual cost of the follow- ~ng: A-All real Froperty taxes ~evied or assessed agai~st thc above described real estate. B-Pra,n~u~ns on fire and windstorm insurar.te as here~n ~equ~red to be carried o~ the improveme~ts situate on the above described premises. C-Premiums on such mortg~ge guaranty ir.sura~~ce as mortgagee shall from time to time deem fit to carry on the loan secur~ hereby. Mortgagee shafl frem time to time notify mortgagor in w~iting of the amount due and payable hereundrr and such svm shall thereupon be due and ; ayabte on the due dare of the next month!r payment and each successive month thereafter ur.tii mortgagee shall notify mortgagor of a change in such a~:ount. Such sums sFa:l be applied by mortgagee toward the payment of real property taxes, insurante prem:ums, and mortgage guaranty insurance ~~~emiums. tN 1YfTNESS YIHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and ear first aforesaid. Signed, Sealed and delivered in the presence of: fIIEO AN~~ R~(',OR~E~ B N~~ W • ST. IUC~E COUNTY FLA. B an Ror,ER rn<<RAS. iJames H. B an on Presiden an CIERK C '.~Ji"+ COURT oc~~~~~ •~c: .c~'" • 'X...~~. ~Seaq , ~Z~ 3 'a F. Wood; Secretary-T~~}surer . . - - - ~ ~ ~ 230123 STATE OF; FLORIDA COUNTY OF ST. LUCIE , 1 HER68Y CERTI~Y, That on this ~3 ~ day of__- ~Y , A.D. 19 72 , ~ ~ James H. Blanton Julia F. Wood ~ before me petson~tjy appeared and ~ E respectively i aa President and Secretary ~T~.gac_~er , of ~ ; Riantnn~nd wood Construction, InC. a Floride? _ Corporation, to me known to be the persons described in and who executed the foregoing instrument, and severaliy acknowledged the exe- cution thereof to be their free act and deed as such officers for the uses and pursoses therein mentioned; and that they I' aftixed thereto the official seal of said corporation, and the said instrument is the act and deed of said corporation. i WITNESS my hand and officiat seal at Fort Pierce , sa+d county an tate. ; This instrument prepared by ' Richard K. Kayes First Federal Savings and Loan Notary Public, in d for St~te and County aforesaid. ~ Association of Fort Pierce ~ My Commission pires: .~~iu-~r~' o~f~oRID~~ lAR6E I ~ • : NOTARY PUP~ ~C ~T MY C~'"'.~•~S~~nN ~XPIR~S AU3. 6. 1975 _ : , ~~l s . _ (iENERAL INSURANCE UNDERWRITERS. ING~ Checked 8y A~' ~ ; . ~ SOOK ~2 PACf ~OSU _