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Home My WebLink About1253 . , ~ f , • . 3. To place and coru~nuously keep on the bui:dings now w hereafter situst~ on said land and on ali equipment and Fcrsonally covercd by this ma sge, with alt pren~i~~ns thrrcon pa~d in lul~, (ire insurance in the usual sunda~d polity iorm, in a sum approved by Ihe MOR~GAGEE, and windsto ~nsurance in the usual atandard pol:cy fam, in a sum approved by the MORTGAGEE, in such company or compan~es as the MORTGAGEE m dirat; a~d all fire and winditorm insurance poliues o~ any of said build~ngs, any i~terest lherein or part thereof, in the a99regare ium afacsaid in excess lhereof, shall contain the usual standard mWtgagee dause w such other clause as the /Aortgages may requ~re, making the ~oss under sa~d po cies, each and every, psyabte to said h~ORTGAGEE as its inte~est may appeu, and each and every such poticy ~hall be promptly ass gned and de~ivered i any held bw said IdIORTGAGEE as fu~ther security to uid mortgage debt, and, not leu tMn ten (I01 days in advance of the expiratio~ oi eath policy, to d~ I~ver to said MORTGAGEE a renewal thereof, logether with a rece~pt fw the premium of such renewal; and there sha41 be no f~re or ~vindsto~~n insuranc placed on any of said build~ngs, any inte~cst therein or put thereof, unless in tF+e form a~d with Ihe loss paysble as afaesaid; a~d in the evenl a~y sun of money becomes payable unda such policy or pol~cies sa~d MORTGAGEE shall have rhe option to rece~ve and apply the sanx on accouro oi 1he indabted . ness secured hereby w to permit sa~d MORTGAGORS to «ceive and uu it or any pa~t tlitreof for o:hrr pu~poses, .v;~ho~t ~ha•~a~ tivaiv~.~g or impair ~ng any equ~ty, lien w righ~ under w by virtue of this mo:!gage; and in Ihe event uid MORTGAGORS shall fo~ any reason (ail to keep ~he sa~d premisrs so insured, w fail to delive~ promptly any of said po~Kies of insurarxe to said MORTGAGEE, w fail promptly lo pay fully any prernium therefor w in a~y re:pect fail to perform, distharge, execute, e~fect, complate, comply with and abide by this covenant, or any part hrreof, said MORTGAGEE may plate a+~d . pay fw such insurance or a~y part thereof without wsiving or af(ecting any option, lien, equity, w ~ight under or by virtue oi tF+is Matgage, and the f~ll anwunt of each and every such payment shall be immediately due and payable and shall bear interest from thr date thereof until paid at the rate ol nine per centum pet annum and to~ether with such interest shali tx secure~ by the lien of this mortgage. 1. To permit, commit ot suffer ~o waste, impairment a deterioration of said property p any part thereof. 5. To pay atl and singular the costs, charges u+d eYpenxs, including a r.asonable attorney's fee and costs of abstracts of title, incurred o? paid at any ~ime.by said MORTGAGfE, because or in tha event of the failure on ~he pan of the said MORTGAGOR ?o duly, promptly and fully perfwm, d~uha~ge. executa, effed, complete, comply w~th and ab;de by each and every the stipulations, agreements, conditiona, and covenants of said promiswry note and this matgage any w e~the~, and satd costs, charges and expenses, each and every, shall be immediately due and payable; whetF~:r or not there be not~ce de mand, attempt to collect w suit pend~ng; and the fvll amount of each and every such payment shall bear interest from the date thereof until paid at the rate o~ nine per cenwm p~:r annurn; anC all said costs, chargea and expenses incurred or paid, together w~th such interest, shall be securtd by the lieo of thif mwtgage• 6. Thal (a) in the event of any breach of this Mortgage w default on the part of the MORTGAGOR, a(b) in the evenf a~y of sa~d sums of money herein referred to bg not promptly and ful~y paid within lhirty (30) days neat after the same severally become due and payable, without demand w notite, er (c) in the event each and every the stipulations, agreerne~ts, conditions and covenants o} sa:d promissory note and th~s mortgage any or either are not i~ty, promptly and fulty performed, d~xharged, exeeuted, effected, completed, complied wi~h and abided `ay, theo in e~ther w any such event Ihe said ag gregate svm mentaned in said promisswy note then remaining unpaid, with interest aarued, and all moneys secured hereby, shall become due and pay- able forthwith, or thereafter, at the option of said MORTGAGEE, as fuily and tompletety as if all of the said svms of rtaney were aginally stiputated to be pa~d o~ such d>y, anything in sa:d promissay note or in this Mortgage to the contrary notw~thstanding; and thereupon or thereafter at the oation of said MORTGAGEE, without notice w demand, suit at law w in equity, the~eFae w ihereafter begury may be prosecuted ss if ~II moneys secured hereby itad matured pnOr ?o its institution. ~ 7. That in the evmt that at fhe beginntng of w at any time pending any suit upon this Mortgage, or to foreclose it, or to refam it,~w to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having ~urisd~ction thereof fw the appoinfinenttof a RKeiver, such Cour1 shall forthwitfi appoim a receiver of said mwtgaged property all and singutar, includ~ng all and singular tF+A income, profits. iss?~es_ and revemxa from whatever source derived, each and every of wh~ch, it be~ng expressly unders~ood, is hereby mortgaged af'if tpec~fiyFly set fwth'and dexribld i~ the ~rsnting and habendum clausas hereof, and such Receiver shall have aIl ~he broad and eifenive func~~ons and powers in irtywise emwsted~by ~ Cax~ ro A Rxeiver, and s~_ch appointment :ha~t be made by such Court as an admitted equity and a matter of absolute rigM to said MORiGAGEE, and without reference to the edequacy or inadequacy of the value of the property mortgaged or to the sotvency or insolvency o( said MORiGAGOR a the defendants, and that such re~rs, profits, incane, issues and revenues shall be applied by such Receive~ according to the lien w equity of wid MORiGAGEE and the practice of such Courf. 8. To duly, promptly and fully perfwm, discha?ge, execute, effect, mmplete, comply wi?h and abide by each and every the stipulations, agreemenis, . conditans 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 part thereof, becomes vested in a person otha than the MORTGAGOR, the MORTGAGEE, its successors ar.d assigns, may, without notice fo the MORTGAOR, deal with such succeuw o~ successor in interest wi~h reference to this rro~tgage and the debl hereby secured in the same manner as with Mortgagor without in any way vitiating ot dixhargirg the Nlwtgagors' liability herr under or uFon the debt hereby secured. No sale of the Fremises hereby mortgaged and ~o forbearance on the part of the MORTGAGEE or its successors er assigns and no extension of the time fw the payment of the debt hereby sxured given by the MORTGAGEE or its successors a auigns, ahall operate ro release, d~scharge, modify change or affect the o.iginal liabil~ty of the MORiGAGOR herein, either in whole w in part. 10. It is speuf~catly ag~eed that time is of the essence of this contract and that ~o waiver of any obligat~on hercunder or of the obligaYan s~ cured hereby shail at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In add~tio~ to the forego:rx~ month!y paym:nts of print'pa! and interest required by the promissory no!e secured hereby, morigagor tovenanls and agrees to pay to mo:tgagee with each momhly payraent an addirional sum estimared by mortgagee to be equal to lj 12 of the annual cost of the follow- ing: A-All real property taxas levied or assessed agai~st the above described real estate. B-Premiums on fire and windstorm insurarce as he?ein requ~red to be carried on the improveme~ts situate on the above described premises_ C-Premiu~ns on such mortgage guaranty insurar~~e as mortgagee shall 4rom t;me to time deem fit to carry on the ban secured hereby. ~ Mortgagee shail from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and 'r F3yable on ihe due date of the next monthly payment and each successive month thereaft~r urtil matgagee shall natify mortgago~ ~~~pF~in such j z~~~.ount_ $uch s~ms sha~l be applied by mortgagee toward the payment of real property taaes, insurance prem:ums, and mortga~pt guar~ty ~l4ynce ~ e:emiums_ ~c ...a~• - _ ` fN YJITNESS YIHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day year first f sai S~~ ! Signed, Sealed and delivered in the presence of: 1? :RRYW T F u~Sl-AtENT +~0: ~ INC• s F LEO AND itECOltDEO ; ~ ~ lE ~OtlMtY Fl~- - • aq : ~ G~K ~OIYPwS JOS Peotti P~~S3, ,:3 (~esn• . ~ X _.~U1T COUltT ~ ~ . . ~i s~s , - 'r.if ~_0 ~nchc Peoni S~eC=reta t ~n ' .~t, ti 3~ ~'~t - _ . , . . ~ STATE OF FLORIDA 233683 COUNTY OF ST. LUCIE I HEREBY CERTIFY, That on this day of _ July , A.D. 19 '2 , ~ before me personally appeared .Tcs~e~h Peoni _ and L'1 ~nche Peo ' l ' ~ respectively President and Secreta.ry ? , of ~ ;itrryweatl:c~r Investment Co. , Inc. a ~lorida t _ Corporation, to me ~ known to be the persons described in and who executed the foregoing ~nstrument, and severally acknowledged the exe- ~ cution thereof to be their free act ancS deed as such officers for the uses and pursoses therein mentione~;.; a~~ iFtat ~they ~ ~ ~ affixed thereto the official seal of said corporation, and the said instrument is the act and deed oP~Se~-~,'o~~C'ratwn, ~ ~ WfTNESS my hand and official seal at Fort Pierce , s id county and te. ti~.,,', - . _ o.r This ins±~t~mc~nt nrc'i,aj•~c' bY . ~ ?~hn Col l ir.~ _ ~ " , ' i r s t rc'e ra 1 Sa vin ~s anc' Loan otar ublic, in and for State an un ~ oresaid.` • y C mission~xpires: hOTAQv P~„'~ SfF.pktn+?st~~tk;~? ssociatior. of FoTt ~'ie rc~.°, rlot ic~a a,~~_7 ~ f MY CO'".. DfG. 23. I?l5 ; ~s / Bor6eE T`-' . . . . ~Ins.:a~.^,ct YQ~~n~l'tl~W ~,t ~ Checked By G~-- ~ ~ - ~00~204 ~1252 ; . - h~ _ - : - - - - - - _ ~ . . . - . s~