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Home My WebLink About0480 9. To place and com;nuously keep on fhe buPd~n~s now or herrafter a~~ujte on sa~d land and on a!~ eq~~pment and perso~ally cove+ed by this morrg- ag0, with all premiums the~eon pa~d in (~II, iue insu~ance m Ihe us~al standard po:icy iO~m, in a sum appioved by the MpR~~i~G:E, a~~d windsto~m ~osurance in ~he usual ifjnda~d poi.cy torm, in a tum approred by rhe MOR7GAGEE,' in suth company or tompan~es as ~ha h10RiGAGEE may direct; and all lire ar,d wmdstorm ~nsurance poi~cies on any o( said bui(d~ngs, any interesl therein ar pa~l thereof, in Ihe ag9ragate sum a4oresa+d or in excess thereof, shall contain ~he usw~ standard mor~yagr2 clause or such orher clause as the Mo~tgagee may requ~re, making rtK ~oss undc. s.~~d poli. cie~, each and eve~y, payable to said hl~R1GAGEE as ~~s inrer~st may appear, and each and every such po~~-,~r shall be promptty ass gncd ard de~~verrd ~o any he~d by sa~d MORIGAGEE as fu~iher sewr]iy to sald ~~~angage drbt, and, not tess tha~ ee~ (10) days in ad~ance of ehe exp~ranon oi ~ach pol~cy, ro de- liver to said MORTGAGFE a re~ewal thertof, together wirh a receep~ for the psam;um of sutb renewal; and the~e shal~ be no i~re or tvi;.ds~o~m insura~ce plated on any of said buildings, any interest Ihere;n or pa~t thereof, unless in the form and with the loss payab!e as aforesaid; and in the event any svm of money becomes payable ~nckr such poticy a pofues safd ~LtOR~GAGEE ~hal! have the opt:oo to rece~ve and app!y the sa~,~e on accoun~ of the ind~•bnd- ness secured hereby o~ to permil said MOQTGAGORS to receive and ute i/ o~ any part lhe:eof fo~ otirv pu~~~ose5. ~'.~<<~..:t th w.~;.~ ~,~,p..,-- ing any ~qu~ty, lien o~ r~ght under or by virtva of this mo:fgage; and in the event =a:d M02TGAGORS shall for any ~eason iail to keep the sa~d premis~s so insur¢d, or fail to de?~ve~ prompNy any oF said pol~ues of insur3nce to sa:d MORTGAGEE, or fa~! p:omptly to pay tuUy any pre~n~um thcrafur or in any ~espect fail to pe~(orm, d+scharge, execute, effect, canplete, comply wirA and abide by thls covenaN, or any part hareai, said MGRi;~AGEE may piace a~~o pay iw such insur~~ce or any part thereof without waiving or aife:~ing any option, tien, equ~ry, or r~~ht under or by virtue of ~hls RSortgage, and th~ f~ll amount of each and e.•ery such paymant shall be immed~ately due and payable and shail bear ~nterrst from the date thereof umil pald at the rate ol n~ne per cenium per ann~m and to~eiher with Such int<rast Shaii be sacurtd by the lien of ?his mOrtgage. d. To permit, commit or wfier no waste, impa:~ment w detrrioration of said property or any part thereof. 5. To pay aIl and singu~ar the costs, ct,arges and expenses, includ~ng a reasonable atrorney'f fee and costs of a5stracts of ritle, incurred or paid a~ any ti~ne by sa~d MORTGAG:E, because w in the event of the faifure on the pa~t of the said h10RTGAGOR to duty, pro:nptly and fuUy pe~form, d~scharge. exQCUte, effect, comptete, co~nply w~th and ab:de by each and every the stip~lat~ons, agreemer~ts, cond~tions, and covenants of said promissory n~te and thi~ morrgage any w either, and smd costs, charges and expenses, each and every, shall be immed~atety due and payab!e; whether or nof. there be not~ce d~ mand, attempt to collect w wit pendmg; and the f~ll amount oi each and every such payment shall ~ear interes~ from the date thereof umil pa~d at the rare of nine per ce~tum prr an~~u~n; and a!i said cosrs, chargzs and expenses incur~~ or paid, ~ogether wnA wch interest, shall be setured by the i~~~ of th~s mortgage. 6. That (a) in the event of any breacfi of this Mortgage or default on tiK part of the M.ORTGAGOR, or (b) in the event any of sa:d s~ms of money herein referred ~o be not pro~nptfy and futly paid wirhin thnty (3p) days next aftar the same seve~a'ry become due and payable, wiihovt demand or notice, or {c) in the evem each and every the stipulations, agreemeNS, ccnd~t~ons and covenan» of sa.d prorn;sacry note a:~d th~s mortgage any or eithtr are not ~uly, promptiy and f~lly performcd, d~scharg2d, eaewt.:d, effeued, completed, compl~ed with and ah~drd Sy, then in e~rhei or any such eve~t the sa~d ag• ~regare sum menrioned in sa~d promissosy no~e then rema~ning unpaid, with interest accrued, and a~l moneys secured hereby, shall become due and pay- ab~e forthwith, or ihereafter, at the opt~on oi s~~d MORiGAGEE, as fully ard completely as if a~l of thr sa~d sums oi martey v~ere o.~ginally st~putated to be pa[d oo such day, anything in sa:d prcm~ssory nore or in this Mortgage to rhe connary notw~ths?andmg; and thereupon a th~reatter at the opt~on of said MORTGAGEE, w~thout nonce o~ demand, suit at law or in equ~ty, therefore or Ihereafter begun, may be prosecuted as if all moneys secured hereby hzd matured pnor to ~ts inslitution. 7. That in tFe event ihat at the be9inning of or at any time pendi~g a~y suit upon this Mo+tgage, or to foreclose it, or to reform i~, or to enforce payment of any claims ~ereunder, said MORTGAGEE shali apply to the Court having jur~sd~cnon thereot for the appo~ntnxnl of a Receiver, such Court shail Forthwith appoint a receiver of said ma~tgaged property ~11 and singular, includ:ng all dnd SiilgUld~ tlie intor~~~, prof~ts, issues and revenues from wha?eve~ source de~ived, each and every of wh;ch, ~t be;ng express!y understood, is hereby morrgaged as ii s~ec~ficaliy set forth and described in the granting a~d habendum clauses hereof, and such Receiver shali have all the bnxd and efiect;ve fu~ct.ons and powers in anyw~se entruseed by a Co~rrt to a Receiver, and s,ch appointment shafl be made by such Court as an admitted equity and a rr.a~ter of absolute right to said MOR7GAGEE, and w;thaut reference to the adequacy or inadequacy of the value of fhe propeny mortgaged or ~o the so.vency er ~nsowency of said M,ORiGAGOR or the defendants, and that such rNnrs, profits, intome, issues and revenues shali be applied by such Receiver acco~d~+ig to the lien or equity of said MORTGAGEE and the pract~ce of such Coarf. 8. To duly, pramptiy and f~lly perform, d~scharge, execute, effect, complete, comply w~th and abide by each and every the sNpulations, agreements, conditions and tovenants in sa~d prom~ssory note and th~s mcrtgage set fwth. 9. That in the event tfie ov.nersh~p of the +r~.•t~ p~emises, or any part thcreof, 6ecomes vested in a perwn other than ti~e MORTGAGOR, the N.ORTGAGEF, its sutcessors and ass~gns, may, w thout not~ce to the A'IORTGAOR, deal ~vith svch succetsor a successw in interes? with reference to th~a R ortgage and the d_bt hereby secured in the same manner as wifh fAortgago. w~thout in any way vifiating or d~scharging the Moreqagori IiabiGty her~ under or upon the debt hereoy secured. No safe of rl~e premises hereby mo+tgaged artd no fo~bea:ance on fhe pan of the /110RiGAGEE or its scccessors or assigns and no ea~ension of the time for ~he paymem of the debt h~~eby secured given by the MORTGAGEE or its suctessws or ass:gns, a~~a11 operate ro release, d~scharge, modify change or affect the orig;nal tiab~l~ty pf the N~ORTGAGOR F~erein, either in whole or in part_ 10. It is speuf~caily agreed rhat time is of the essen~e of th~s contraU and that no waiver of arty obligation hereu+tder or of the obfigation se- cured hereby shall at any tin,e +hereatter be heid to be a wairer of the terms hereof or of the instrument secured herby. 11. In add,rfon t~ the forego'~~g month'y paym:ms of p:inc pal and interesf requ~red by the prom~ssery nore sec~red hereb~, mortgsgor covenants and aflrees to pay to n:o-tgagee v~~~h each mon;hly pay~~,ent an add~riooai sum est~mated by mortgjgee to be equal to i: t2 of tF.e annval cost of rhe foAow- G~ . : ~ R-All~al~~perty taxas levied or assessrd ag3i•~st the abave described real estate. 6~ B-Pj~~~,i~ oe~~re ar.d ~vindsto:m insvrsrce as her~~n r~qu~red to be carried on the ~mprovements s:tuatp on the above descriF,ed premises. C-Prerr1iumY on~sZch mo~tgage guaranty insu.a~.ce as mo~rgagee shail fron: t:me to time deem fit ro carry on the toan secured hereby. _ Mwtgaqee s~ia+l~'!~m tl~ne to t~me notify mortgagor ~n writ;ng of the amount dve and payable hereundar and such sum shal{ thereupon be due and : 4+;rayable on the dve daN of ihe next month:~r payment and each successive monih thereaher ureii mortqagee shatl notify mortgaqor of a chartge in such a~o~~t. Such syn~s sF6,T` he appiied 6y mortgag•~e tov+ard the paymenf oi real property taxes, insurance prem:ums, mortgage guaranty insurartce ~ !'Aemiumi. ~ IN \YITPJESS,~HERFOF, the sa~d MORTGAGOR has hereunto set his hard and seal the day and ear i eszid. ~~¢}ec~~led and delivered in the presence CO STR[JCTION CORP • . 9~i~EO xh~ :ECO~oEo --f R ST. LUCI~ J~l;y pLA. By ' ap kt~i ~ 'R~S Attest : Clf F • i" ~ • " .OL'RT ~ (Seaq - . r ~,,,-.~..'~~e (Sea ) ~Ofr ~3 11 oi AM'7Z _ _ STATE OF FLORIDA 24~~ COUNTY OF ST. !UClE I HEREBY CERTIFY, That on this 14th day of- November , A. D. 19 72 . before me persona!!y appeared U. J. He 11 e r and Ma r 1 y s A. He I le r respective{y President and _ Secretary , of FT. PIERCE CONSTRUCTION CORP. ~ a Florida Corporation, to me known to be the persons described in and who executed the foregoing instrument and severally acknowledged the exe- cution thereof to be their free act and deed as such officers for the uses and purposes therein mentien~df••ac~d;th~t they ' r affixed ihereto the official seal af said corporation, a~d the said insirument is the act and deed~~-sai~: corporafio~. WITNESS my hand and official seal at Fort Pierce St . Luc ie , Florida , said county and_stA e: N ~ This instrument prepared by ' ~ r - - _ Thomas A. Driscoll ~ . F i rst Fede Ya 1 vin s and Lc~an Notary Public, in and for State and Co}iAiy ~or~sai~1,~ , Association o~Ror~ Pierce ~ - My Commission Expires: _3_i~~ ~ : , , ~ - _ - . - -'r" . - - , . s..,..i~ ~ < Checked By ~ , ~ ~ ~ 60Uf! ~G~B pq~- . 480 ~ j: _ . . _ ~.1-.. ~ , ~c~Y ~ +5~4~..~.~ ~ ~ .t'~3s g ~ - ~...a._,.... . ~-*i`.~~~~~ -