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Home My WebLink About3738 3. To ptace and coroinuously keep on !he bui:dir.gs now or herrafter aituate on sa~d tand and on alI ~q„ipmeni and personally covered by ~hi~ mortg• ege, w~~h ali premiums thereon pa,d ~n fu:l, f~re insurance in ~he usual seanda~d pot(cy 1orm, io a aum appro~ed by rlte Mt~R~GAGfE, a~~d w~ndi~o~m insurance ~n the uwa) irandard pol.cy fo~m, in i sum approved 6y lhe hil~K7~a:~vc~, ~n ~wi~ -,;.::Y„c~ -~-r_r.;c: a4 !~e µORTGAGEE may direct; and all fire and windsrorm insuronce poGc~as on any of said buildangs, any in~erest ri~e~e~~ or pan ~hereof, in the ag9regs~e wm aforeseid w in exceaa Ihereof, shalt coniain the usuat sta~idard mo~rgagee clause o~ such wher ctause ~s the Mortgagre may requ~re, maMing ~hr ioss ~~~der is~d poti- ues, each and every, payab!e ~o sa~d MORTGAGEE as ~~i tntrrrst may appear, and each and every such poncy sh~il be promp~~r ass q~~rd ~~~d da:~verud eo eny held by sa~d MORTGAGEE as (unher aacuray to satd mo~egage debt, and, oot leu ~han ten (10) days in adYance ot ~he eap~rar~on of eech poucy, to dr Gver to said MORTGAGEE a renewal thereof, toge~het with a receipt for the p~emium of suth renewal; and there shall be no f~re or w~n~~io~m ins~raoce plated on any of said buildings, any iro~rest therein w part the+eof, vnless in the form aixl with ~he lou payable as aforesa~d; and in the event any s~m of money becomcs payable undrr such policy a pol+ties said MORiGAGEE shall have the opt~o~ to ~ece+ve and appfy tlie same on account ot thc i~idaG~rd- neu secured he.eby w ro perm~t sa~d MORTGAGORS to rec~ive and use i~ a any part ~herro~ for othc. pur~•nsrs. .•,.i!.o.,t ~h~~.u, ~3 0~ ,~„a,~r- ing any equ~ty, lien a right under a by virtue of Ihis mo:'gage; a~d in the eve~t sa~d MORTGAGOR$ sha!1 for any ieason fail to keep the said premis.~s so insured, or fail to deiive~ promNtly any of said poGcies of insurance to sa!d MORTGAGEE, or fait pron:prly to pay f~L'y any pre~~~~~m therefor or in a~y respect fai~ to perfam, d~s.harge, execute, effed, complete, compty wi~h and abide by thia cover.am, w any par~ hareoi, sa~d MJRIv.iGEf may p+ace a~d pay fw such iosuraoce or a~y part the~eof without waiving or affening any option, lien, e~uity, or ~~ght u~der or by v~rrue of th~s A~ortgage, and ~hc f~ll amoun~ o( cach and e.ery such payment shalt be ~m~nediately due and payabte and shall brar intrres~ irom ~he date thereof until p~~d at tne ra~e o( ~~~ne per ce~tum per annum and io~aiher w~rh such inrerest shaL be secured by the lien of this mortgage. d. To permit, commit w suffer no waxte, impairmer.! or dNer~o~afion of said property w any part thereof. S `To pay afl and aingular the costs, tharges and expenus, including a reaso~abte attorney's fee and costs of abstracts of tttle, incurred or paid at any tim.e by said MORTGAG:E, because w in the event oi ihe iailure o~ the part of ihe said MORTGAGOR to duly, promptly and f~lly perfOr~n, d~scharqe. >xec~te, effed, comptete, comply with and ab;de by each and every tF:e stipulae~ons, sgreements, condifions, and covenants o( said pronussory note and this mor?gage any or e:ther, and sa~d costs, chargea and eapenxs, each and every, shall be immed~ately due and payable; whether o? not thrre br not~ce dr mand, attempt to coN~t w auit pending; and the full amount of each and every svch payment shall bea. ine,;resf From ~he dare the.eoi unu! pa~d a1 Ihe -.~rr oi n~,~e per crnrum ~r annum; and all said ccsts, charges and eapenses incurred or pa~d, together w~th such interest, shall be secured by ~he Ge~ of th~s mo~tgage. 6. That (a~ in thz event of any 6reach of this Mo:tgage or default on the part of the MORTGAGOR, or ;b) in the event any ot sa;d sums oi money herein reterred to be not promptly and iully paid within th~rty ~301 days oext aiter the same severatly become due and payable, wuhout demand or noGce, or (c) in the event each and every the stipulatio~s, agreements, cond~tions and tovenants of sa:d prom~ssory note and th~s mortgage any or ei~he~ are nol ~ufy, prompNy and fully performed, d~scharged, eaewted, effecred, tompteted, complied wirh and ab~ded Sy, lhen in either w any such event the sa~d ag ~regate sum ment~o~ied ~n said promissory note then remaining unpaid, with imerest accrued, and ail moneys secured hereby, shall become due and pay a6:e for~hwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if all of fhe aaid z~ms of money were or~gi~u;ly sr~pu;ated to be pa:d on such day, anyihing in sa;d prom~ssory note or in this Mortgage to the tonrrary notwithstand~ng; and thereupon a therea(ter at the opt~on of sa;d MORTGAGEE, without notice or demand, suit at law or in equity, therefo~e or tAereafter begun, may be prosec~ted as if all moneys secured heroby nrd matured pnor fo ds insrtunon. 7. That in the eve~r that at fhe beginn;ng of w at any time pend'+ng any suit upon this Mortgage, w to faeclase it, or to reform i~, or to enforce pavment of any clai~ns hereunder, said MORTGAGEE shall apply to the Court having ~urisd~ct~on thereof for the appointment of a Receiver, such Covrt shail for~hw~th appoinl a receiver of said mortgaged property ali and singufar, inciud~r.g all and singular the income, p~of,ts, ~ssues and revenues from whatever scwce derived, each and every of whlch, it being express!y ussdr.s~eod, is hereby morrgaged as if spec~ficaily set fonh and described in the grannng and habendum clausea hereof, and such Receiver shall have all the broad ar.d effective fu~cf~ons a~d powe~s in anywise e~trusted by a Court to a Rec~ive~, and c: ;h appoimrnent shal! be made by such Court as an admitted equity and a rt+a?ter of atso~ute right to :aid MOR7GAGEE, and withoul re(erence to the ncl~~qu;cy or inadequacy of trte valve oi ~he p~ope~ty mortgaged or to thr so.vency or :nsotvency ot said MOkiGAGOR or lhe det~ndants, aRd thal such re~~~s, profits, income, iuues and revenues shatl be appiied by such Receiver accord~ng to the lie~ w equity of said MORiGAGEE and the practice of such Court, 8. To duly, promptly and fully p~rfo~m, discharge, execute, effect, complete, comply wilh and abide by each and every the stipulations, agreements, conditions and covenants in sa~d promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or ariy part thereof, becomes vested in s person othe~ than the MORTGAGOR, the :!ORTGAGEE, its successon and assigns, may, without notice to the h10RTGAOR, deal w~~h such successo~ w successo~ in iNerest with reference to lhia ^ o•tgage and the debt hereby secured in the same manne~ as with tllortgagor without in any way vifiating or d~scharging the fAorrgagors' liabilety I~ert ~r.der or upon fhe debt hereby secured. No sale of the Frerrises hereby mortgaged a~d no forbearance on the pan oi ~he /JIORiGAGEE w its s~ccessors or assigns and no exten;ion of the time ior the payment af the deb~ hereby sec~red given by the MORTGAGEE or its successors o~ au;gns, a~;ail operate ro re!ease, d~scharge, modify ~hange or affect the original liab~~~ty of the M.ORTGAGOR herein, either in whofe w in pa~t. 10. !t is spec~f~caUy agreed that time is of the essence of this contract and that no waiver of any obl;gation hereunder or of the obligation se- c~red hereby shalf at an~ time th~reafter be he!d to be a waiver o~ the terms hereof or of the instrument secured herby_ 11. {n add i.o~ to the forego'~ig monthfy payments of princ pat and inrerest required by the prom~ssory no'e sewred hereby, mortgagor covenants r~ d agrees to pay ro n;ortgagee with each mort+hly pay~•~ent an add~r;onal svm est~ma~ed by mortgagee to be equat to 1.• 12 of tF.r an::ual cost of the totlow- ~nq: A-All real property taxzs levied o. assessed aga~•jst the above described r:al estate. B Pren„u~ns on fire and windstorm insurar.ce as herein requ;red to be carried on the ~mproveme~ts s~tuate on fh~ above e~escribe~.p+emises- C-Pre~niums on wch martqage gua~anty insutar~e as mongagee shap from t;me ro time deem fit to carry on the ban secured hereby,. , 6lortgagee shail from t~rne to rime nor~fy mortgagor 1~ writing of the amount due and payable hereundrr and such surn st~~l th~feupon be dus .aRd ;~yable on the due date of the next mo~thiy payment and each success~ve month thereafter ur,til mortgagee shalt notify mor}~agor of:a-thange jA°i«`h= o:,nt. Such sums sha:! be applied by morrgagee toward fhe paymtnt of real prope~ty tazes, insurante prem:ums, and rrtprigage guatanty i~uiartie n•emiums. . . . IN WITNE55 Y~H~REOF, the said MORTGAGOR has hereunto set his hard and sea( the day and year first aforeuid,~= - : ~ S~ ~ed, Seated and det' red in the prese~ce or: F~~EO AND RECOROED A+'~'~ERICQN NOINE$ ~ s'~ MORI~6AG~y`" :~~VC • ST.~UCtE COUMTY f~A. '.~'sy~}~ ' :i' ' ' ROCER POITRAS gy• " . ~ CtER~c CiRCU1T COORT . 1 la n erspn P.ECOR~ VEp~FiED~..~,~ • P~r~~ ~i}zt ~ - ATTEST:~ .-'~t- ~ a4 - ~ ~ j ~ ~ P~ ~ Verna L. Aaderson~ Secretary , ~ ~ 244109 ~ ~ ~TATE OF FLORIDA ~ COUNTY OF ST. LUCIE ; I HEREBY CERTIFY, That on this 14th _day of______________December , A.b. 19 72 ~ t~il Iiam A Anderson -y- ' , before me personally appeared and ~ Ve~a L. Anderson ~~spectively _ Pres+dent and Secretar ' Y - - , of :'1~nerican }bmes and ~lortc.,Za4e, Inc. Florida - - • a--- - Corporafion, fo me known to be ihe persons described in and who executed the foregoing instrument, and severally acknowledged the exe- : ~~ution thereof to be their free act and deed as sucn officer; for the uses and pur~oses therein .rri~n?iorted; and that they affixed thereto the official seal of said cor oration, and the said instrument is the act and d\~d of sai P ~ d'~torporation. VVITNE~S my hand and official sea) at Fort Pierce __St~I.uCie _ said county and state. This instrument ~repared by . ; ~ohn 'a. Collins ~ ~ ~ ~ . ~ ~ irst Federal Savings and I.oan Notary Public, in and for Stare a County eforesaid. lssociation of Fort Pierce My Commission Expires: ~ . NOTRRy F:/P'.'~,, S+$; E oi FCGR~DA at L~RGE kSY C~!, '.:,,;,:uy EXPIF.ES SEPT. 25. 19~5 8~~::eC ~y „,Terican i3ankers Irtsu~nce Ca, Checked By ~ _ $o~r.20~ ~~~E 7~ . ,r : ~~ti~.~::~.~ r ~ - - - ~ ~