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Home My WebLink About2409 3. To place and continuousty keep on ~tre bui'd~+.gs now or hereaite~ •iluate on sa~d land and on atl equip~nent and personally covered by this mor age, with all p~emi~ms thrreon pa;d ~n (ull, fue insurdnce +n ~he us•~al standa~d poticy (onn, in a sum ay:pioved by the MORIGAGEE, a~d w~ndsro iniurance in the uwal srandard pot.cy lonn, in a wm approved by ihe MORTGAGEE, in such company or companies aa the MORTGAGFE m duecr, and aU fire and w;ndstorm inwrance po~iues on any of sa~d buildmgs, a~y interest therein or part thereoi, in the agg~egare sum aforesaid in exceas thr~eof, shall tontain ~he usval s~a~:dard mo~~gagee tlause or such othe~ clause as Ihe Mortgagee may requ:re, maAing the loss uodrr sa~d po c;es, each and every, payab:e to said h1CRTGAGEE as ~ts intarest may sppear, and each and every such po~ity shafl be promptly ass gnfd and dc1i~~•rrd t any held by said MORIGAG~E as f~rrhrr security to said mortga9e debt, and, not less than ten (10) days in advance of ~he ezpiration of each pol~cy, to d~ I~ver to said MORTGAGEE a rertewal ~hereof, togeiher with a receipt for the premium of such renewal; and there shall be no 4ae or w~nds~o~m inauranc placed o~ any of sa;d bvildings, any interest therein or pa~~ t~ereof, u~!ess in tAe form and with the loss payab)e as afo~esaid; and in the event any sun of money becomes payab~e u~der such polity or poliues said MORTGAGEE shall have the opt+on to recviv~ and apply tiie same on accou~~i of the indebted ness secured hc~eby or to permit sa~d ~AORTGAGORS to recrive and use if o? any part the:eof ior o:~~_•~ ~;ur, ~scs, ~~.;iho„t ~I~ ui .v~~~i ,3 .;r omp~~r ~ng any equrty, lien o+ +~ght unde~ or by vinue of this mo:tgage; and in the evem sa~d MORTGAGORS sha!1 .`or any reason fail to keep the said pre~nis~s so insured, or fail to deliver promptly any of said pol~ues of insurance to said MORTGAGEE. or f~i! pro~t~ptly to pay f~~ty any pre~niurn therefor or in any ~espect fai~ to perform, discharge, execute, eTfect, comptete, compty wirh and abide by thrs covenan?, or any p.~rt h~reoi, sald MGRiGAGEE may piace a,~tl pay for such insurante or any part thrreof withour waiving or affecting any opt~on, lien, equ~ty, or ngM under or by virtue of this Mongage, and the full amount ot each and every svch payment shal~ be immediately due and Fayable and ahall bear inferest from tha date thereof untif poid at the ?ate o! nine pcr cenru,n per annurn ond to~_ihcr v~i;h such interesr sha11 be srcured by the lien of this mortgage. d. To permit, commit or sutfer no waste, impairment w deterioration of said property or any part thereof. S. To pay all a~d s~ngular the costs, charges and expenses, including a reasonable attorney's,fee and costs of abst~atts of title, incurred or paid at any tin,c by said MORiGAG:E, because or in the eve~t of the faiture on the part of ~hc said MORTGAGOR to d~ty, pron,ptly and fully pe~forrn, d+scha~ge. _xetufe, effec~, compie~e, comply w~th and ab'de by each and every the stipulations, agreemcnts, cond+t~ons, and covenants of said promizsory note and this mortgage any or e~ther, and sa:d cos~s, charges and exFenses, each and every, shali be imm<-deately due and payable; whether or ~ot there be notice ds m3nd, attempt to coltect or suit pend~ng; anrl the ful! amouN of each and every such paymero shall bear interest from the da~e thereof onti~ paid al the ~.re oj n~ne per crntun, pur an~~ anc ai! said costs, charges and expensea ~ncurred or paid, together w~th such ime~est, shal~•be setured by the lien of this mortgage. 6. That (a) in rhe event oi any breach oF this Mortgage or defautt on tF~ part of the A40R7GAGGR, or ;b) in Ihe event any of sa:d sums of money herein referrad to be not promptly and fulty paid within th~rty (30) days ne.~t after the same seveiat:y become d~e and payable, without demand or notice, or (c) in the event each and every the stipulations, agreements, cond~tions and covenants of sa:d promissory note and rh~s morrgage a~y or either are nof ~~ly, prompfty and fully performed, d:scharged, executed, effected. canpleted, compl~ed with and ab~ded Sy, tt~en in e;ther o~ any such event the sa~d ag ~regate sum .~entioned in said promissory ncte then rema~ning unpaid, with intere,t accrued, and ail moneys setured fiereby, shall become due and pay a~;e forthwith, or thereafrer, ar the opt~on of said A10RTGAGEE, as fully and completety as ii all of the sa~d sums of money were originally st~pulated to be pa.d o~ such dcy, anything in sa.d pro:n~:sory note or in this Mortgage to the tontrary notwi~hstanduig; and thercupon or thereafter at the option of sjid IdORTGAGEE, w~thout nonce or demar.d, suit at law or in equity, therefore w tAereafter begun, may be prosewted as if all moneys secured hereby nad mat~red pnor ro its institunon. 7. That in the event that at the t,eginn~ng of or af any time pending any suit upon this Mortgage, w to foreclose it, or to reform it, or to enforce payment of any claims he~eunder, said MORTGAGEE shall apply to the Covrt Faving ~u~isd;ction thereof tor the appo~ntment of a Receiver, such Gourt shall fo: fhwUh appoiN a receiver of said mo:tgaged property all and singular, includ,ng all and s~ngular the ir,come, prohis, issues and revenues fiom whalever seurce derived, ezch and every of wh:ch, it txing exp~essty understood, is hereby mortgaged as if spec;fically set forth and described in the granting and habendum clauses hereol, and such Receiver shall have aH the brcad and effect;ve funct~ons a~d powe~s in anyw~se entrusted by a Court to a Recaiver, and s. ch appointme~~t shalt be made by such Court as ao admitt¢d equity and a maver of absolute r~ght to sald -MORiGAGEE, and withoul refere~ce to the adequacy or inadequacy of the value of the property mortgaged or to the so':vency o~ ~nsotvency oi sa~d MOR~GRGOR or the defendants, and that such re~ts, profits, in~o.ne, issues and revenues shall be applied by such Receiver accora~ng to the tien or equity of sa:d MORiGAGEE and the practice of such Court. 8. To duly, prompt!y and (ully perform, discharge, execute, effect, tompfete, comply wi~h and abide by each and every the stiputations, agreeme~ts, conditions and covenanis ;n sa~d promissory no~e and th;s mortgage set forth. 9. That in the event the ownership of the mortgaged prem~ses, or any part thereof, becomes vested in a person other than the MORTGAGOR, the :•.ORTGAGEE, its successors and assgns, may, vii~hou! notice to the MORiGAOR, deal with such successor or successor in interest wirh reference to this ~~.o~tgage and rhe d_bt hereby sec~red in the same manner as wirh Morrgagor w;thout in any way vit~ating or d~scharging the Mortgagors' liability here- urde~ or upon the debt hereby secured. No safe of the Fremises hereby mortgaged and no torbearance on Ihe parl of Ihe ~~10RTGAGEE or its successors or ass~9ns and no extension of rhe t~~ne for the payment of ihe debt hereby secured given by the 1AORTGAGEf or its successor!`or assigns, a7ia11 operate ro re!ease, d~scharge, modify change or affect the orig~nal liability of the MORTGAGOR herein, eitner in whofe or in parf, lp. It is speuficaliy zgrNed that time is of the essen~e of th~s contract and that no waiver of any obligat~on hereunder or of the obligation sc cured hereby shall at any time ther~atter be held to be a wairer of the terms hereof or of the instrument secwed herby. 11. In acid:tioa to the fore o'~i, month! a ments of ~ 9 7 V p Y pn~c pal and intzrest requ+red by the prom,ssery no>e secured here6y, martg~ol~ae~qndM~s +~~d agrees to aay to m.crtgagee v.ith each month:y pay~nent an add~cional Sum es~+mated 6y mortgagee to be eq~a{ to 1; 12 of the annupl fhe ing: . A-All real property taxes levi~~ or assessed agai•ist the above- described real estate. Y j j,~ , B-Pr~m~vms on /ire and windsrorm insuracce as 'nerein rcqu;re.a. :o ~e tanicd en th? rmprovemeits s~toate on the above d~st~ ?sii, ^r , ~ C-Preiniu~ns on such murtgage guaranty ir.s~rer,ce as mortga3ee shail from t~me to ti~ne deem fit to carry on the loan secu~i R • l, V ~2 Mort9agee sha'I from t~rne to time notify mongagor in writirtg of the amount due and payable hereundrr and, wch Sum shalt-t~ ~ be dp~z"ari~ • : ayable on the due date of the next month?y payment and each successive manth rhereafrer urrit mortgagee sha!l~~t;fy mor!y_3~r1_ , ay~e~~ ~~~i~ , ,~,ount. Such sums sFa;i be aNp:ied by mortgagee toward the payment of real property taxes, insurance prem;um and mortgage :~v,~. ~ ' ns~irance u~erni•1ms. iN IVITP~ESS L~HEREOf, rhe sa~d MORTGAGOR has hereunto set his hand and seal the day and year ' afor said. ~ed Seated, delive d fn th presence of: f~~ED ANC RECOROEO ~ C ----7 ,1.T7. . _ ST.LUCIE COUNTYFLA. BY~~ ~ _ ? RGCER FOITNAS t . 9 It ~t ClERK Ctf'CU{7 COURT ~ . • RECC'R~ VEP,~~I£C ~ Att.88t t a~ • •rJ;, - - ~ - - - - - N~~t I ~ C~ ~ - _ 2410'71 ~ - - =~~~v~'.-, . .i.~ . : STATE OF FLORIDA COUNTY OF ST. LUCIE ' • : I HEREBY CERTIFY, That on this _QL__day of`__ ~t~r ~ A:(~ _19 'r2~ before me personally appeared ~~1"t E. R086 and ~Y'Y R08A respectively _ President and ~ Secretary , , of __~BStg en CO~a ~OTi a F1o2'fda__ Corporation, to me known to be the persons described in and who executed the foregoi~g instrument, and severally acknowledged the exe- cution thereof to be their free act and deed as such officers for the uses and pursoses therein mention~d; and tha~'~they affixed thereto the official seal of said corporation, a d the said instrument is the act and deec~'of.'said cbrpore~f~ori: WITNESS my hand and official seal at Fort Pierce , said cou ty and tat~ ' e:~ t~ ~ This instru~ent prePai'ed b'Y ~ 's Tr+~n. E. Braua . First FederaZ Savings and Loan Notary Publi~,~~s a fp r St~e an 'u af+6res~ . t> Association oS Fort Pierae, Florida My Commis~on ~ i`r~S'~ -~~~P ~~~af I,arge i~nc.rr j:~ : ~I~,~:•ri~•an I~nnkcr~ ~t1~UrartCf Ga~t~i~It~ _ ~1Ij• (;umu;i~.i~u lxpire~: 1~`ov.6, 19Zy.•,,, Checked By - e ocK 20? PACf 2,408 ~ - _ _ _ _ ~.~.,-s,~ ---•r-- - ~ _ : ~ " ~`s~,,,~-'`~.~,