The URL can be used to link to this page

Home My WebLink About0004 3. To place and conhnuously keep on the bui'dings now or hereatre~ ~~tuafQ on sa~d land and on ali c•q,,ipment and personatly cove~ed by this mo~ ~g0, with all premiv~ns th.reon p~~d in iull, fire ins~rance in the us~~l standard poficy form, in e su~n approved by !he MOR~GAGEE, and w~ndsto insurance in thQ usual star~da~d poLcy furm, in a suoi approved by th~ MORTGAGEE, in suth company or to~npan~es aa the MORTGAGEE m dueth and all fire ar,d w~nduorm insvronce poGc~es on any of said build~ngs, any int~re~~ ~herein er part thereo(, in tiu aggregate sum aforesaid in excess ~he~eof, ahafl :oroa~n ~hr ~sual sfa~+dsrd morrgagee clause w such aher clauso as ihe Atortgayre may req~,re, maM~ng the ioss undrr sa~d po cies, each and every, pa?ab'e to said n1~RTGAGEE as ~~s imerast may appear, a~xl each and evcry wch po~~cy sh~tl be promptiy ass g~~ed and de~~vared ~ any held by sa~d MORIGAGEE as further security ro sa~d mongage debt, and, oot less than ten (IQ) d3ys in :dranco 01 the expiration of each policy, to d. live~ to said MORTGAGEE a renewa~ thereof, togethar wi~h a ~ete~pt 1or the premium of such renewal; a~~d t1~are shau be no Lre or windsto~~n i~suranc placed on a~y of sa~d b~i!d~ngs, any intcrest there~n w parl thereof, untess i~ the lorm and wifh the Ioss payai:!e as aforeaaid; and in the e~enf any sun of money becomes payable under such pol~cy or poLuas said MORiGAGEE shal~ have iha ope~o~ to rece~.•e and app!y tha same on accoum o( the indabird ness sec~red he~eby u ~o perm~t sa+d MORTGAGORS to recaive aiuJ use it w any parf ~he:eof ioi o:~:• .~:ur~ ~srs. .•..ih,.;t th~~~ u; ~a cr ~n~p..ir ing a~y equ~ty, lien w r~ghl undrr w 6y virtue of this mor~gage; and in the event sa~d MORTGAGORS :hafl for any re~son iail to keep tfie sa~d prem~s~s so insu~ed, or feil to drliver prpmptty any o1 said polKies of insuraMe 10 said MORTGAGEE, o? f~il p:orrptl~ to pay fully any pre~n~u~r thcr.:lor or in any ~espect fail to per(arm, d~scharge, execute, effect, complet~, comply with and abide by th~s tove~ant, or any part hz~eoi, said MGRiGAGEE may piace antl pay fw such insurance or any parr the~eof w~thout waiving or affecting any opt~on, Iien, equ~ty, or r~ghf unde~ o~ by virtue of this Mortgaqe, and tht full amoum of each and every such paymem shall be immediately due and payabte and shall baa~ ioterest Irom the date thereoi until pa~d al the rate of nine pe~ ce~tum per aiinum and togrthar with such interest shaii be sacured by the lien of fhh mo+tgage. I. To permi~, commit or suf(er no waste, impairment o~ deterioration of said property or any part thereof. 5. To pay a!1 and singular the costs, charges snd ezpenses, includ~ng a reasonable attwney's fee and costs of abstracts of title, incurred or paid at any time by aaid MORTGAG:E, because a in the event of the fa~lure on ~he parl of Ihe said MORTGAGOR to duly, prompHy and fulfy per(orm, d~scharge. axecute, effect, comp;etr, compty wdh and ab:de by each and every rhe sGpulat,ons, agreements, cond~tions, and wvenants ef said p~om~ssory note and thi3 mortgage any or e~~her, and sa~d costs, charges and expenses, each and every, shall be immzd~ate~y due and payable; whether w not there be no~~ce da mand, attempt to collect or suit pend~ng; and the full amount of each and every svch payment sha~l bear i~rerest from ~he date thereof until paid at the ..z~e of n;ne }~er cenr~m per en,,,;:o; a~~d aif sa~d cusrs, cl~ar~zs and expenses incurred or paid, ~ogz~her ~veh such interes~, shall be secured by the Gen of thi~ mortgage. 6. That (a) in the event of any breach of th~a Mo:tgage w default on tF~ part of the MORiGAGOR, w~b) in the event a~y of ~a:d sums of money herein relerred to be not pro~T~ptly and lully paid wi!hin th,rty (30) days next after ~he same severa!ly become due and payable, withoW demand or notice, or (c) in the e~eM each and every the s~ipuiat~ons, agreements, conditions and covenants of sa:d pror~issory note and th~s mortgage any w either are not ~uly, promptly and fotly performed, dacharged, ezec~ted, effected, comptered, compl;ed w;th and ab~ded 5y, then in e~the~ or any such eve~t the said ag- gregate sum mentioned in aa~d promisswy note then remaining unpaid, with inierest accrued, and a11 moneys secured hereby, shall become due and pay- able forehwith, or thereatte~, a1 the option of sa~d A10RTGAGEE, as ful~y and comptereiy a: i! all of the sa~d sums of money we~e wiginally sGpulated to be pa:d on svch day, anything in sa:d prom~ssory note or in this Mortgage to the contrary notwithstanding; and thereupon or thereafter at the opnon of sa~d MORTGAGEE, without not~te or demand, suit at law a in equity,.therefore w thereaiter begun, may be prosecutcd af if ali moneya setured hereby nad maWred pnor tp its institution. That irt the event tha~ at fhe beginning of or af any time pending any suit upon this Mo~tgage, or to foreclose it, or to rc(orm it, or to enforce payment of any claims he~eundzr, said MORTGAGEE shall apply to the Cou+t having j~r~id~ctlon ~hereof ior the appointmen~ of a Receivtr, such Court shafl rorthwith appoint a receiver of sa;d mortgaged p~operty atl and singutar, includ.ng a!! and singu~a~ the income, prof~ts, iisues and revenues f~om whatever se~rce derived, each and every of wh~ch, it being eapressly unders~ood, is F.ereby mortgaged a~ if spec~fically set forth and described in the granting and habendum clauses her wf, a~d s~ch Receiver shail hnve ait the broad and effecrive funct,ons and powers in anywise entrusted by a Court to a Receiver, and s:.ch appoinrmer» sh311 ~ made by svch Co~rt as an ad~nitred equity and a matter of absoi~te right to sa~d MORTGAGEE, a~d without reference to the adeq~jcy a inadeqvacy of the vafue of the p~operty morfgaged or to the so,venty or ~nsoivency of said MORTGAGOR or the defendants, and ~hat such rems, pro(its, incane, issues and revenues shall be applied by such Receiver accord;ng to rhe lien or equity of sai~ MORTGAGEE and the practice of such Court. ~ B. To du!y, promptly and fulfy perform, discha~ge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions and tovenanis ~n sa~d promissory note and eh~s mortgage set lorth. 9, That in the event the ow~ership of the mortgaged premises, or any pa~t thereof, becomes vested in a person other than the MORTGAGOR, ihe M.ORTGAGEE, its auccessors and assigns, may, withou~ nofice to the MORTGAOR, dea! wi~h such successor or s~ccesso~ in interest with reference to this mortgage and the debl hereby secured in the same manner as with Mo~tgagor without in any way vit~atirtg w d~scharging thN Mo~tgagors' liability here- under a upon the drbt hereby secured. IVo sa!e of the Frem~ses hereby mortgaged and no forbearance on ~he part of the ~hORTGAGEE or its successws cr ass~gns and no eatens~on of the time for the payment of the debt hereby secured given by the !'dORTGAGEE or its wccessws a ass~gns, a~~a:t operate to re~ease, d~scharge, modify change or attect the origma! liabil;ty of the MORTGAGOR herein, either in whole or in part. 10. !t +s spec~fically agreed that time is of the essence of this contract and that no waiver ot any obl~gat~on hereunder or of the obligation se- cured hereby shatl at any time thereafrer be he;d to be a waive~ of the terms hereof or of the instr~ment secured herby. I1. In add~tio~ to the forego:ng month!y payments of princ'pal and interes~ reguired by the prom:ssary note secured hereb~, mortgagor covenants and agrees to pay to mortgagee rtiith each momhiy pa~r.•enf an add~~ional sum esti:.~ared by mortgagee to be equal to 1; 12 of the annual cost of ihe fotlow- ,ng: A-All real property taxas levi~d or assessed agai•~st thc above descriyed real estate. B-Premlums On fire and w~ndstorm insuracce as here~n requ~red to be carried on the ~mproveme~ts situate on thc above dawibed premises. C-Premiums on svch mortgage guaranty ir.sura~,ce as mongagee shatl from t~me to time deem fit to carry on the loan xcurQc~, heteby~~'. Mortgagee sha:l from t~me ro nme not;f~ mer~gagor writ;ng of the amou~t due and payabte hereundar and such surn shall Hf~~'1~ due and , ayable on the due uate of the next re:omh:y paymem and each sutcessive month thereafler ur.ti( mortgagee shall not;fy mortga9or Of a, en~a'in such ~~:ount. Such sums sha;l be app.;ed by mortgay~?-e roward the payment of reat property taxes, insurance prem:ums, .n~~el moitgeje guarae?~ iG}urance . premiums. . . ` . . - ~ ~ N Y~ITNESS Y~H~REOF, the sa~d MORTGAGOR has hereumo set hfs 6ard and seat the day and year first afor~said. ; . - ned: Sealed a~d Gvgred in the prese~ce of: FI~ED ANC RECORCED N~ RTG~~S, INC. ~ ST. lUC1E CJUNTY FIA. y. ' - a~ ROC~- r~~~'RaS ~ Wil iam . _ ` CLERt C,.~ IT COURT1~t` ~ S a~ ' P r 7 " - • ' ~ f ~ ,~L,.~' ; r r • , : ` (Seal) I ~ ~ ~ 3 I4 t~M TEST • ~'~'rz~t~c___ ' / t5eaq ` y ~ ~erna L. Anderson, Secretary ~ _ - - - E 23Q'7'74 ; STATE OF FLORIDA COUNTY OF ST. !UClE , I HEREBY CERTIFY, That on this day of ~y A.D. 19 72 , . 't before me personally appea~ed Mlilliam A. Anderson and _ Verna L_ Andercon I respectively as President and Secretary . , of . ( American Homes and MortQa es~ Inc. ~ a Fiorida Corporation, to me i s known to be the persons described in and who executed the foregoing instrume~t, and severally acknowledged the exe- cution thereof to be the+r free act and deed as such officers tor the uses _ant~,pursoses therein mentioned; and that they ; affixed thereto the official seal of said corporation, and the said inyirumer~ is tf~e ad and deed of said corporation. WITNESS my hand and official seai at Fort Pierce , said _cot~r~ty and state. ~ , ~ This instrument prepared by ( ~ ; John W, Collins Notary Pub1i~, i~antl•for State and C nty aforesaid. First F~deral Savings and I.oan ~ My Comrpispan'Expires: NOTARYPUBUC, ATEdFtp?tlDAstIARGE ° Association of Fort Pietce, Florida MY CAMMISSION EXPIRES SEPT. 25, 19~5 ~ BondeO By American 8ankers Insunnce w. ~ Checked By ~ ' 800K 2Oc~ PA6E 4 I $ ~ ~ _ ~ ~ ; ~ - - ~ - ~ ~ ~ ~ t < ~y .av3 ~ v C~4 s h 5'4A : ~ ' ~ ~ ~~C'~~ ~~3 s~ _ ~.RS..a.. `~i.~:. ~.-Fe.:v~ , . wb".-~..~~.~'P°~`~~`Pr ~