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Home My WebLink About2798 i , ~ ~ 3. To place and continuously keep on tha bui:dings now or hereafte~ siluate on sa~d fanrl and on alt equip~nent and personaJly covered by this mor ~ ege, with all prert:iums theieon pa~d in 1u11, lire insurante in the usual standard polity form, in a tum aE:proved by ~he MOR~GAGEE, and windsto t ~r~:urance in ihe usual standard pol~cy form, in a su~n approved by the MORTGAGEE, ;n such company or co~npanies as fhe MORTGAGEE m j d~rect; and all ii~e and w~ndswrm insurance policiet on any o! taed buitd,ngs, any interest therein or parl thereof, in the aggregate sum afo~esaid ~ in excess ~hercwf, shall :on~ain ~he usual s~a~~dard morrgagee clause w such o~Fxr clause as the Mortgag~e may requ~re, making the loss undrr sa~d po } c~es, each and every, payabte to said h10RTGAGEE as its in~erest may appear, and each and e~ery such poGcy shall be promp~ly ass gned and deli~,:red ~ any held by sa'~d A10RIGAGEE as (urther security to said mortgage drbt, and, nol kss than te~ (101 days in advance of the expiral~on of each poticy, to th I~~er to sa~d A10RTGAGEE a renewat thereof, toge~her with a rece~p~ for ~he premi~m oi such ~enewal; a~id thero shall be no fre or wi~tidstorm ir~urant p~aced on any o( sa:d 'o~itdings, any inrerest therein or pa~l thereof, unless in the form and with the loss payable as atoresaid; a~d in the evenl any sun of mo~ey become3 payable unde~ suth polity W polities said MORTGAGEE shall have the option to reteive nnd apply the same on atcount of Ihe indebtrd neis scwted hereby or to permit said MORTGAGORS t0 reteive snd us! it d eny part thereof tor o:her pa~E:~ses, v~:tho~t ~h~~.o~ waivi.~3 ot ~n~p;;ir ing any equ~ry, lEen or right undcr w by virtue of this mo:'gage; and in the event said MORTGAGORS shall .`or any reaso~ fail to ke~e~p the sa~d premiars so ~n=ured, q fail fo delivcr prp~nplly any of 3aid polities of inwran~e to said MORTGAGEE, Or fail prcmptly fo pay futly any premium therafot p in dny i resped taif to perform, d~scharge, e~cecute, effect, tomplete, comply with and abide by this cove~aN, or any part hereof, said MORTGAGEE may place a~~d pay for such insurance or any parf thareof w~thout waiving or affecting any option, lien, equ~ty, or ri~ht unde~ or by virtue oF this Morlgage, and the f.,ll amoum of each and every such payment shatl be immediately due and payable and shall bear inte~esl fiom Jha date thereo( un~il paid at the rate ol ~~~:~e per centum per annum and to~ether with suth in:erest shali be secured by the lien of this mottgage. io permi~, commit or suffer no waste, impairment w deterioration of sa~d property ot any pa?t thereof. 5. To pay all and singular the cosls, charges and ezpenses, including a reasonable attwney's fee and costs of abs?racts of titte, incurred w paid at 3oy time by said MORfGAG.E, because or in the event of the fa~lure on the part of the said MORTGA('iOR to duly, pranptly and fully perform, discharge. e.ccufe, elied, complere, comply w~th and ab:de by each and eve?y the stipu~at~ons, agreements, corxlitions, and covenants of said promissory note and ~his. ,:o~tgage any or e~~her, and u~d costs, charges and expenses, each and every, shalF be immediately due and payabte; wherher or not thcre be not~ce de r~;~nd, atte~»pt ?o collect w suit pend~ng; and the ful! amount of each and every such Nayment shall bea~ interest from Ihe date thereof until pa+d al 1he o~ nine per canwm Fxr annu~r, and all said cos~s, charges and expenses incurred or paid, together w~th such interest, shall be secured by the iien of this mortgage. ' 6. That (a) in the event of any breach of tbis Mortgege or default on t!~ part of the MORTGAGOR, or (b) in the event any of sa:d sums of mo~ey herein referred to be oot promptly and fulty paid within thlrty (30? days ~ext after the same severa!ly become due and payable, without demand or notice, ec) m the evero each and ever the s1i ~ations, reements, conditions and covenants of sa:d ! Y P~' a9 p+a.+~ssory nore and th~s mortgage any a either aro o01 ~ i~;y, pro~nptly and i~lly performed, d~scharged, exe:vted, effected, comp{eted, compl;ed w;fh and ab~ded Sy, then in either o~ any such event the said ag ~~egate sum m.entioned in said promissory note thz~ remaining unpaid, with interest actrued, and atl mooeys secured heteby, shall become due and pay- ae:e forthw~th, or thereafies, af the oprion of said 610RTGAGEE, as fully and completely as i) all of the said sums of money were wi9inally st~pulated to be pa:d on such d:.y, anything in sa:d promisswy note or in this Mw~gage to the convary notwithstanding: and thereupon w thereafter a1 the option of s+d MOR~GAGEE, without notice or demand, suit at law o~ in equ~ty, therefore or the~caher begun, may be prosecuttd as if all moneys secured htreby n:d mat~red Fnor to rts inSlituLOn. 7. Thar ;n the even~ ~hat at the beginning ef or at any t~me pending any su~t upon rhis Mortgage, a to fweclox it, or to reform it, or to enforce ~:,,meot of any ciaims hereunde., said MORTGRGEE s~+a:t apply to tAe Cou.r havinq jor~sd:crion ehe.eof fo. the appo~Mment of a Receiver, such Court shall r~~~hwith appo~ro a rece~ver of said mortgaged property all and singula~, inctvd~ng ail and sin9utar the income, prof~ts, issues and revenues fram whatever s:.~~ce derived, each and every of wh~ch, ~t being eapress~y unde~siood, is !+E y mongaged as ~f speaficafty set twth and desvibed in the granting and }..~;;endum dauses hereof, and such Reteive~ shaH have all the broad and effe funa;ons and powers in anyw~se entrusted by a Court to a Reteiver, and s. ch appointment shall be made by such Cowt as an admitfed equ~ty and a m oi absotute right to said MORTGAGEE, a~d withoul reference to the ~:~:a~acy w inadequacy of the vatue o1 the p+operty mortgaged or ro the so.v,.~cy or mio~rency of sa~d AI40RiGAGOR or the defe~dants, and that such •_~,rs, profits, inco.ne, issues and revenues shall be appiied by such Receiver accord~~ig to the lien w equity of said MORTGAGEE and the practice of such Ccurt. B. To du?y, promptly and fully perform, d~scharge, execute, effect, comptete, compty with and abide by each artd every the stipulations, agreements, r::~d;tions and covenants in sa~d promissory note a~xi this mwtgage set forth. _ 9. ihat in the event the ownership of the mortgaged premises, or a~y part thereof, becomes vested in s person otF?er than the MORTCaAGOR, the .'~RTGAGEE, ~ts successors and assigns, may, without notice to the A10RTGAOR, deal wi~h such successor or successor in interest with reference to this r~ o•tgage and ehe d_-ut he~eby secured in the same manner as with Mortgago~ witFqut in any way vitlating w d~scharging the Mortgagors' (iability here- ! :.~~der or upon fhe deht hereby secured. No sate of the p~en,ises hereby mortgaged and no forbearance on the part o4 the MORTGAGEE w its sutcessors ~ or ass~g~s a~d no exrension ot the time for fhe payment of the debt hereby secured given by !he MORTGAGEE or its stxcessws or auigns, a~wll operate ~ rc re!ease, d~scharge, modify cnange or affect the original liabil~?y of the N!ORTGAGOR herein, either in whole or in part. i 10. 11 is specificalty agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the ob~ip ~~f~p`p s~, c~r~d hereby shali at any time thereaher be he:d fo be a waiver oI the terms hereof or of the insuument secured herby. s` ~ l't C , V~s.:~7., I 1. tn a~d:t;o~ to the forego'ng month!y payments of princ pa~ and interesf required by tk~e p?om~ssory note secured hereby, mor ~ nts d agr:es to pay to n:o-tgagee w~th each monihiy payr.~ent an add~~ional sum est~mated by mortgagee to be equal to 1;' 12 of ttie annual ~t , t 1 tow- , ~ ~ ~ . ~ ' ~J~s.C~'_ ~ ~ A-AU real property tax~s levi^d or assessed againsf ihc above described reaf esrate. _ J~~ ~ 6-P~en bv~~s ca fire and windsronn insurar.te as herein requ~r~ to be carried on the improvements situate on the above descri pr^~~~ : ~ ~ ~ . C-Premiums on such mortcage guaranty insurar,ce as mortgagee shall from time to time deem fit to carry on the loan secured~r e b~~ a f~~' . - Mo~tgagee sha~l frcm t~n,e to t~me notify mortgagor in writing of the amount due and payable hereunder and such sum shall ~~ti~:j~ ~ b ~ e o n r h~ d~ e d af e o f t he nex t mon t h!y paymem an d eac h success;ve mont h t herea fter u~til mortgagee s hall notify mongagor of a ~I?~"1i i~;vch ~unr. Such su:ns stia:i be app'ied by mortgagee toward the payment of real property taxes, insurance prem;ums, and mo?tgage guss~n~y rins{`ir~nce •e~mivms. , IN lY1iP1E55 Y~MER~OF, the sa7d MORTGA ~ R has hereunto set his hand and seaf the day year first aforesaid. ~ Signed, Sealed and ivered ' the presence t: gLp A~ (J Ql1j ~ jj1jC ~ S~ ~UCIE COUNTY FIA. BY' R4Cr.~ ~r,:~~~g / ames H. Blanton President~ai~ CLEKK Ci~;~i;~T CGURT (Sean - RECQRO VE~?~F:~~ ; '-'~1TTEST: J lia F. Wbod, Secretarv -,s~q - ~ „ s / Treasurer , ` ~~~5 ~TA7E OF FLORIDA COUNTY OF ST. LUCIE l ~ I HEREBY CERTIFY, That on this ~~day of__^ , A.D. t972 , i before me personally appeared Jame s H~ Blanton and Ju 1 ia F. Wood respectively as President and - Secretary - Treasurer - , of Blanton and Wood Construction. Inc a_^ Floriaa _ Corporation, to me known to be the persons described in and who executed the foregoing instrument, and severally acknowledged the exe- c~tion thereof to be their f~ee act and deed as such officers for the uses and pursoses therein mentioned; and ;tl~at they ~ affixed thereto the official seal of said corporation, and the said instrument is the act and deed of saic},corpor.ation. j WITNESS my hand and official seal at Fort Pierce _ ~ , said co}rRty ancLstate. ( ~ : j ~l : i; This instrument prepared by ' ~ a O~,•~. , ` _ Gary R. Ellwood Notary Publ , in and for ta~ and County afore`said... ~2 • ` First Federal Savings and Loan My Commission Expires: ~ ~ c,':' • Association of Fort Pierce, FloZida `~a ~ Checked By~_~_ s : ~ rBt1I~H(~ ~ - ~ , , -3~ ~3~:> z~~n~' ; •'~r' .~~~'`,y,u~,~~,^y-°S~ " ~,~~-~-~.Z.,..~.. : . _