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Home My WebLink About0776 . 3. To pface and continvousiy cc~p on tiie 6uiidings now or herrafter ~ituate on sa~e~ land and on all ~quipmenl and persona~ly co~ered by lhis ma ege, w~th all prem~ums thereon pa:d m full, 1ue ins~rance in the usual srandard poGcy iorm, in a s~m aHproved by the h1GR~GaGEE, ar.d windsto ~nsurance in the usual srandard po:.cy iorm, in a sum approred by ~he MORTGAGEE, in such company or companies as the A~ORTGAGEE m dlrect; and all (i~e and wludstorm insurance policies on any of said build~ngs, any interest theiein or part thereof, in the aggregaTe swn aforesaid in excess thereof, shali :ont.;in the usual s~andard mor~gagee c!ause o~ such other clause as the Mortga~ee may rey~~re, ma?ing the ioss unJr~ s.~~d po c~es, each and every, payab!e to sa~d ~10RTGAGEE as ~K ~merest may appear, and each and eve~y such po:~c~ shall be prompt~y ass g~~rd and de+ivcred ~ any held by sald AIORfGAGEE as further s_curity to said niortgage debt, and, not less lhan ten ~i0) aays i:i ad+ance of tne exNi~at~~n u~ cuCh r,:,t[cy, ta d~ Irver to said MORTGAGEE a renewal thereof, togeiher with a receipt for the premium of such renexal; and there shall be no i~re o~ windstorm insuranc placed on any of said build~ngs, any interest therein or pa~t thereof, unless in thr form and with ~he loss payable ~s aforesaid; and in the event any sun of money becomes payable under s~ch policy or poLc~es said MORiGAGEE shall have the opnon to receive ~nd apNiy the same on acw~nt of the indebfed ness.secured hereby or ro perm~t sald IAORTGAGORS to receive and use i~ w eny part the:aoi tor e:~~_r ~,~r, cs:-s. ;.:r~~~,;t ih~~~ui .v~~•.~~7 c~ ~'"p::'' ing any equ~ty, lien w riqh? under or by virtue of this mortgage; and in the event sa~d MORTGAGORS shall .`or any reasu~ fail ro keep the sa~d prem~sas so inswed, or fail lo deliver promptly any of said pol~cies of insurance ro said MORTGAGEE, o~ fad prornptly to pay f~;ty any pre n~vm thetelor or in a~y respect fail to perform, d~scharge, execute, effed, complete, compty with and abide by this covenani, or any part hareof, said MORTvAGEE may piace a^o pay (or such insurance or any part thereof without waiving or affedir.g any option, lien, equ~ty, or ri~ht under or by virtue of th~s Mortgage, and the full amount of each and every such paymem shal! be immediately due and payable and shall bear iroerest from the date thereof until p.;id at the rate ol nine per centum pe~ annum and to~ether v~ith s~th interost shali be sacured by the lien of thi3 mOrtgage• 4. To permit, commit or suffer no waste, impairment or deter~oretion~ of said property w any part thereof. 5. To pay all and singular the costs, charges and expenses, includ~~g a reasonab!e at~orney's fee and costs oF absl~acts of title, incuned or paid at any fime by sa~d MORTGAG:E, because or in the event of the fa~iure on the part of the said MOR(GAGOR to duty, promptly and fuliy perform, d~scharge axecute, effect, comp.ete, comply wdh and ab:de by each and every the stipu~ations, agreements, conditions, and cove~ants of sa~d prom~ssory note and this ,:o~rgage any or eiiher, and sa;d costs, charges and expenses, each and every, shall be immrd~ateiy due r.nd payable; whether or not there be not~ce da mand, attempt to colled or suit pend~ng; and the full a~nount of each and e~ery such payment shaii bear inreres+ irom the date thereof umil paid at the r„n of nine per centum N~c .;~~:~~:n; atic: ali said c~sts, tharges and rxpcnses incurred or paid, logether wah wch interest, shall be secured by the iien of this mortgage. b_ That (a) in the event of any breach of this Mortgage or default on tha part of the MORTGAGOR, or (b) in the event any of sa:d sums of money herei~ referred to be not promptly and fully paid wiihin th:rty (30} days next aiter the same severa'ty become due and payable, without demand or notice, or (c) in thz event each and every the stipulat:ons, agreements, cond~tions anU tovenants oi sa o prnmissu~y nuie ai~u ti~~s ~~w~tyoye o+iy or e~sF~r a e r.ct i~ly, promptly a~d fuily performed, d:scharged, ezecuted, eifected, completed, complied with and abided Sy, then in e~ther or any such event the sald ag- arega!e sum mentioned in said promissory note then remaining unpaid, with iNerest accroed, and aIl nwneyS setured hereby, shall become due and pay- ~ ao~e forthwith, or thereafter, at the opt~on of sa~d h50RiGAGEE, as fully and completety as i1 a~l o~ thN said sums of money were onginally st~p~iated ro be pald on such day, a~ything in sa d prom~ssory note or in this Mortgage to the contrary nufwithsrand~ng; and thereupon or therea#~er at the option of sa:d MORTGAGEE, without not~ce or demand, su~t at law or in equity, therefore or thereafter begun, may be prosecu!ed as if all moneys secured hereby n~d maWred pr.or to ~ts institution. 7. That in the event that at the beg~nn~ng of or at any time pe~ding any suit upon this Mortgage, or to foreclose it, or to reform it, or to enforce payment of any cl,,ims hereundzr, said MURTGAGEE shall apply to the Court having jv~isd:ct~on ~F.ereot for the appo~mment of a Receiver, such Court shall forthwith appo~nt a receiver of said mortgaged property aC and singular, inctud•ng all and s~ngutaT ~he income, proi~ts, issues and revenues irom whatever so~rce derived, each and every of wh~ci,, ~t be~ng express!y understood, is hereby mortgagrd as if spec+fically set ~orth and dexr+bed in the granting and habendum cfauses hereof, and such Receiver shap have all the br~ad and effecrive funct.ons and powers in anywise emrusted 6y a, Court to a Receiver, and s~ch appointment shall be made by such Court as an adrnitted equity and a matter of absolute ?ight to said MORTGAGEE, a~d without reterence to the actequaty or inadeqvacy of the val~e o( the property mortgaged or to the so,vency or insoivcncy of said MORiGAGGR or the defendants, and that suth r,~nts, profits, inco~ne, issues and ~evenues shall be apptied by suth Receiver accord~ng to the lien or equity of said MORTGAGEE and the prattite of such Court, 8. To dufy, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants in said promisswy note and this mortgage set fo~th. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR: the MORTGAGEE, its successors and assigns, may, w~thout noiice to the A'IORTGAOR, deal with svch successor or successor in interest with reference to t6is ~..o~~gage ar.d the drut hereby secured in the same manner as with Mortgago. without in any way vitiating or d~scharging the Idortgagors' liability here- der or upon the debt hereby sec~red. No sale of the premises hereby mortgaged and no forbea~an~e on the part oi the ~dORTGAGEE or its s~ccessors or assigns and no extension of rhe time for the payment of ihe debt horeby secured given by the MORTGAGEE or its successors or assigr.s, a~~all operate ro reiease, d~scharge, modify change or affect the orig~nal liau~l~ty of the MORTGAGOR herein, either in whole or in part. 10. It is spec~fical;y agreed tha! time is of the essence of this contract and that no waiver of any obt~gar+on hereunder or o~ the obligation se- cvred hereby shali at any time thareatter be held to 6e a waiver of the terms hereof or of the instrument secured herby. 11. In add.lio~ to the ferego~ng monli~!y payments of princ~pal and interest required by lhe prom;ssory no!e i~cured hereby, mortgagor COVena~t5 3~,d agrees to pay to mortgaqee w~th each ~nonthiy pay~.~ent an adJ~rional wm est~:nated by mortgagee to be equai to 1, 12 of the annual cost of the follow- i , , • • . A-All real propcrty t3xas levic~ or assessed ayai•ist th~ above described real estate. B- Pr~rr~wns on fire and v~ir.dstorm inwracce as herein reqv:red to be carried on the improvemeits s~tuate on the aboye d=scribed~pr~ses. C-Premiums on such mortgage guaranty ir.surar,ce as mortgagee shall from t:me to t~ine deem fit to carry on the ban secu~gd~reby_ ' Mortgagee sha:i from time to ti~-~e notif~ mortyagcr in writing of the amount due and payable hereundar and such sym,s~~~a,{plyQ?r be due and ; : i: able on the d~e tiate of the nent month! ~ payment and each successive month thereafter ur,~il mortgagee shall notify>rt~prtga or o~` a.~'e~nge iA s~ch f ; _ ount. Such sums sFa:l be ap~.!iad by mortgagee toward the payment of real property taxes, insura~uz prem:ums, Zld; mortg~QE •gua ant~ ir~~France ( r~•emiums. ~ ti : y-_.' ' ~ : . IN \'~ITNE55 WHER~OF, the s~id MORTGAGOR has hereunto set his hand and seai the day and r first aforesaid : ~ S~ ned, Sealed and d'vered in the presence of: F11E0 ANL~ fiECORPEO T KE S~ ~ ~ - , . , r''•' ~ ST.IUCIE COUNIY FLA. , ~ap ROGER FOITRAS BY: , • . CLEF.K CIRCUIT COURT ~ «a~~ _ P.ECORi: YERS=iEO~.._~~ obert F. Mach' President ~~aq ~6 -~i • ~ - - - - - - ~Seal~ - - _ 2398'70 STATE OF FLORIDA COUNTY OF ST. LUCIE f I HEREBY CERTIFY, Thaf on this 12th day of- October , A. D. 19 72 , ~ before me personalty appeared Robert F. Mach 3~ Fac{~ti~4jr as President as~d ==~astasys , of ~ Turn-Ke,}~ Bu i lders s Inc . , a Flo~ld~z?y.: Corporation, to me ~ ' known to be the persory described in and who executed the foregoing ins'f~ument.~nd~~s~e~a41y acknowledged the exe- y • s , . ; cution thereof to be ~r free act and deed as such officer~ for the us,e~.anet'pvrpps~s~~tein mentioned; and that jhe,r ~ affixed thereto the official seal of said corporation, and the said rur~aer~i~ the";ac~ ~nd deed of said corporation. ' ~ , _ ~ WITNESS my hand and official seal at Fort Pi2rce - sai tO~-t~i and state. ? . ~ . ; . This instrument prepared by .J~;.- i Richard K. Kayes • - ~ . ~ First Federal Savings & Loan Notary Pub~;inatu~-fbr,State and Coun aforesaid. ~ M Comm c1i~ Ex ~res;•~~~ NOTARY PUBLIC, STATE of fLORIDA~t LARGE 3 Association of Fort Pierce, Florida Y ~~,,,,,,~,P,.••• ~Y ~pM?AISSIOY EXPIRES SEPT. 25, 1975 i BotMed B~r Amerit~ar~ 8ankets Insurance ~o. : Checked By - 1 80GK~V~ PAGE