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Home My WebLink About0768 3. To place a~d continuously keep on the bui:dings now or hereafter aituate on said land and on all equip~nent and personaily cove~ed by this ma ege, w~~h all premiums ~hrreon pa.d in futl, fue inwrence in the usua~ sta~ulard pofity form, in a sum approved by tha MUR~GAGEE, and winds~o ~nsurance in tha usual uanda~d po:.cy form, in a sum appro~ed by the MORTGAGEE, in such company or tompan~es as the h10RTGAGEE m duect; and all firo and w~nds~erm ins~rance poGues on any of s~~d bu~ld~nrs, any interest therein or pa~t thereof, in ~he aggre9a+e sum aforesaid in excess ~hereof, at~ail :untai~ the usual sta~~dard mortgagee ciause a such other clause as ~he Mo~tgaqee may ~equ~re, mak~ng the foas under sa~d po cies, each and every, payab!e to said ~\~ORTGAGEE as its inte~est may appear, and each and eve~y such po~~cy sha11 be promptly ass gnzd and dei~vered~~ any held by sa~d MORIGAGEE as fw~her security to sa~d mortgage debt, and, not less than ten (10) days in ad~ance of the expirat~on of rach pofity, to d~ ~ I~ver to said MORTGAGEE a renewal thereof, togt~her with a ~eceipt for the premium of such ~enewal; and there shall be no f~re or windstonn insuranc ~ placed an any of sa~d build~ngs, any interest the~e~n or part thereof, unless in ihe (orm and wi~h fhe Ioas pay.,ble as aforesaid; and in the event any sun of money becanes payabte under wch poticy or polic;es said MORTGAGEE shall have the option to rec~~ve and app!y the same on accou~~t oi the indrbtrd ness secured he~eby o~ ro permit sefd MORiGAGORS lo receive and use it or any part th~:eof ior o:ir_r pwE•cs_~s, v.;~nc,:t ihr~ u~ ~r..~~~ o~ ~~~~p..~~ ` ~ng any equ~ty, lien a r~gh~ under or by virtue of this mo:tgage; and in the event sa;d MORTGAGORS sha!1 {or any reason fail to krep the said pre~nisrs so i insured, ot fail to deliver promptly any of s~id pol~ties of insutance to said MORTGAGEE, or fail prompt!/ to pay fulty any pre~niu~n thcrefor or in any ~ respect fail to perform, d~scharge, execute, effecr, comp~etr, comply wi~h and abide by ihis cove~an~, or any part hr~eof, said MGRTGAGEE may pface a~.d pay fa such insurance or any part thereof w:thout waiving a aifecting a~y option, lien, equity, or r~gh+ under or by virtue of this Morrgage, and the f f~ll amount oi each and every such paymem shall be immediately due and payable and shall bear interes~ irom tha date thereof until paid at the rate oi ; n~ne per centum per annwn and tog.thrr with such interest shali be secured by the (ien of this mortgage. # To permit, commit or suffer no waste, impairment w deterioration of said property w any part thercof. ~ 5. To pay aIl a~d singular the costs, charges and expenses, ~ncludina a reasonable attorney's fee a~d costs of abstracts of t~tle, incu?red or paid at any time by sa~d MORiGAG:E, because or in the event of the iai~ure on the part of the said MORTGAGOR to duly, pranptly and tully periorm, discharge. ~~x~cute, eifed, tanplete, comply w~th and ab:de by eath and every the stipulat~o~s, agreements, tonditions, and tovenants of said pro:nissory note and this m.ortgage any or either, and sa~d costs, charges and expenses, each and every, shall be immediately due and payable; whether or not thert be notice da mand, attempt to toll~t or suit pend~ng; and the full amount of each and er•ery s~ch payment ahatl bear interest from ~FK date thereof until paid at the r; te o! nine per ccntum pcr annu:n; an~ all sa~d costs, charges and expenses incurred or paid, together w~th such iroeresl, shall be secured by the Iien of this mortgagl. 6. That (a) in the event of any breach of this Mortgage or defauit on the part of t1~r MORTGAGOR, w(b) in the event any of sa:d sums of mo~ey herein referred to be no~ pranptly and fully paid within thirty (30) days next affer the same severatly becwne due and payable, without demand or ootice, or (c) in the even! each and every the stipulations, agreements, conditions and covena~ts of sa:d prom~ssory nore and th~s mortgage any w either are not iuly, p~omprly and iully perforn:ed, d:schargzd, executed, e(tected, completed, complled with and ab~ded 5y, then i~ either or any such eve~t the said ag- gregate sum mentioned in said promisswy nute then rema~ning unpaid, with interest accr~ed, and atl moneys secured hereby, shall become due and pay- a61e forth~vith, or thereafter, at the option oi said MOR7GAGEE, as fully and completely as if all of tfie said sums of money were originally st~pulated to be paid on such day, anything in sa:d p~om~sso:y note w in 1hJs Mwtgage to ~he contrary notwithsranding; and thereupon or thereafter a1 the option of ; sa~d MORTGAGEE, without notice ar demand, suit at law or in equity, therefore w lhereatter begun, may be prosecuted as if all moneys secured hereby nad matured pnor to ~ts institution. 7. That in the event that a? the beginning of or at any time pending any suit upo~ this Mortgage, or to foreclose it, or to reform it, or to enforce payment of any claims hereunder, sa~d MORTGAGEE shatl apply to the Court having jurisdadon thereof for the appo~ntment of a Rece:ver, such Court shail farthwith appoint a receiver of said mortgaged property al! and singular, in_ ~Q g ~ yn lar thr~!9~qn~ 'rQ (~s, issues and revenues from whatever s~~r~e derived, each and every of wh~ch, it being expressly u~derstood, i~'!kRlb~"m rtgag ~ iflpe-c~iical/y ~serforth and described in the g~anting and V,s:xndum cla~ses hereof, and such Receiver shall have alt the broad and efiective funct~ons aKd ~s in a~ywise entrusted by a Court to a Receive~, and s..h appointment shali be made by wch Cou~t as an admitted equity an~y~ ~tQr tOf ;~~lyte 'l~gt~l/tal: seid~AGEE; a~d without re(erence to the r.~~equacy a inadequacy of the value of the property mortgaged or to lhe sotyency or insplv,~lqfwf~sa~;~Ri~'o~ the defendants, and that such +c~,rs, pro(its, inco.ne, issues and revenues shal~ br appiied by such Reteiver ~cc,prcju~y to ihe lien os ~j{y~pJ ~jd~TGAGEE end the practice of such Courf. j~ . •i Kr~a~ 8. To duty, promptty and fully perform, d;schargr, execute, effect, complete, comply w~th and abide by each and every the stipulations, agreements, ~ conditions and covenants in sa~d promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any parf thereof, becomes vested in a person other than the MOkTGAGOR, the ~ t.'.ORTGAGEE, its a~ccessors and assigns, may, without norice to the MORTGAOR, deal "with such successw a successor in ~nterest with reference to this n:ongage and the debt hereby sewred i~ the same manner as with Mortgagor without in any way vitiating a d~scharging the Mortgagors' liability hero- under w upon the deb~ hereby secured. No sa!e of the premises hereby mortgaged and no forbearance on the part of the IAORiGAGEE or its successors er assigns and no extension of the time for the payment of the debt hereby secured given by the 1'AORTGAGEE or its successws or au~gns, a7w11 operate ro release, d~xharge, modify change or affect the original Iiability of the MORiGAGOR here~n, either in whole or in part. 10. It is speufically agreed that t~me is of the essence of this contract and that no waiver of any ob~igatlon hereunder or of the obligatian se- cured hereby shaii a~ any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. I1_ In add,ro~ to the forego:ng month!y payments of princ pal and interest requ~red by the prom~swry no!e secured hereby, mortqagor covenants e~~d agr~es to pay to mo:tgagee v~ith each momhiy payr:iem an add~~ional sum est~n:ated 'oy mortgagee to be eq~al to 1 j 12 of the ann~al tost of Yie foliow- , ,g: A-AN real prope~ty taxes levie~ or assessed against thc above described real estate. B-Pre~r.iums on iire and wir.dstorm insurar.ce as herein requ~red to be carried on the ~mproveme~ts situate on the abov¢ described premises. C-Premiums on such mortgage 9uaranty ir.surer:ce as mortgagee shall from nme to time deem fit to carry on the loan secured hereby. ' Mortgagee shail from rfine to t~me notify mortgagor in wr;ting of the amount due and payabfe hereundrr and such sum shall thereu~on be due and j ~ c.~yable on the due date of the next month.y paymem and each suctessive month thereafter ur.til mortgagee shall notify mortgagor pf ~~~rt~j~ wch ~ ~~~ovnt. $uch wms sFa;l be applied by mortgagee toward the payment of real property- taxes, insurence prem:ums, and mortgage guara.My iitsur~te ' ~ E,.emiums. l~ ~ IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand snd seal the day nd year first a re l _ ~gned, Sealed ~vered ~n the ~Fese e of#~~p AZfQ RECQRpEp MERRYW MEN'1'$ ~~NC. I - =T. LUCIE COUNTY f LA. gy ; • ~ • -r ~ ~ 110CEa POi7RA5 E J e h Peo ' P ~ deri • ' ~ LERK CInCU1T COURT ~r~ ` ~ : • ,ORD VE~~f~EO ATTE ~ Blanche Peoni, Secr~f~iXV~'~~~j . - - - - - - - - - - ~-.t~l - 4 Q9 ~M ~Z---- - - - - ~ ~ - ~ ~ ~ ~ - - . 233335 STATE OF FIORIDA COUNTY OF ST. LUCIE I HEREBY CERTIFY, That on this 12 t h day of ~u ~ 3~ , A.D. 19 72 , before me personally appeared Joseph Peoni and Bl~nchn Peoni respectively _ President and Secretary , of :'•IB!''.'y?,eather Investment Co., Inc. a :'Z~ri~?a Corporation, to me ~ = known to be the persons described in and who executed the foregoing instrument, and severally acknowledged the exe- z~ cution thereof to be their free act and deed as such officers for the uses and pursoses therein mentioned;: ectid" ~h~t they ~ affixed thereto the official seal of said corporation, and the said instrument is fhe act and deed Of .3a~d~ cprporation. " ~ WITNESS my hand and official seal at Fort Pierce , said county state. - ' ~ :'t~is ?~s± rtt-n~~nt ~-en~rc:' b;• ~ ~ .`oh~ ~~~1 i in= otar ublic, in and for State d Cou aforesaid. ~ ~i: s*. '2cic:<~ 1 S,t•i n~s anc'. Lo ~n My mission Expires: RY P2~6~ ,,7-1~;c cf ~~^o~: ~-3!e^~• , ~ t , , j•.: . ~ . . ~ .ssoci~ti~n of ~ort P.ie:c~, F1~~, Checked By ~ aooK 204 PACf ?68 ~ ~ ~ .i ~ ~ ~ 7 ,.3.__`' ~'"~.z " . . . ' . _ . . . ' " T~~ 3-a*~T ~