The URL can be used to link to this page

Home My WebLink About3740 3. To place and ceminuously keep oo the bui'.dmgn now or hereafter ~itvate on said lartd and on all rq.,~pmrn? and personally cove~rd by ~h~a mortg- ~gs, with •11 prtmivms thricon pa,d in iu1i, (ire ins~~ance in ~he uwat srandacd po~~cy forrr,, in a s~m app~ovcd by thn h10R~GAGEE, and w~ndi~orm insurance in the usual uandard poi,cy torm, in a sum approved by the MORTGAGEE, in such co~npany or companies as Ihe MORTGAGEE may dnect; and all (ire and w~odstorm in3vrance polic~es an any o( said bu~Id~n~s, any iroerest the~ein or pa~t thereof, in the agg~egare sum aforesa~d a in eacess ~he.eo/, shali contaln ~!w usua! ata~zdard mong3gee ctause or such o~he~ dause as the Mor~gagre may ~equare, maM~ng ~he loss under sa~d poli- cies, ea<h and every, payab!e ~o said tiIORTGAGEE as us imerr3r may appaa~, and each and every wch poi~cy ahall be promp~ly asa gned a~~d daG~en d~o eny hetd by said M04TGAGEE as further sewrity to said n,ortgaga deb?, and, not less than ten (10) days in ad,~ante o1 the expirat~on of each pol~cy, to dr Gver ~o said MORTGAGEE a renewal thereof, together with a rece~pt fw the premium of such renewal; and ~here sha~l be ~w i~re o~ w~nduorm insurance placed o~ any of sa~d bu~ldirgs, any interett the~ein w parl thereof, unless in the form and with the lou p+yable as aforesaid; and in rhe eYent any sum of money becomes payable unde~ such policy a policies said MORTGAGEE shall have the opt~on to reteive ar.d apply the sa~ne on acco~n~ of ~he ind~utud- ~ess secured Arreby or to permit said MORTGAGORS ro rete~ve and use it w any part thereof tor ufi~er purF osrs. .•.:iho.;t th:~.i,,r ,~:.i.~ c~ ~~•:~.,~r- ing any equ~ty, fien w r~ght under a by virtue of this mor•gage; and in the evene sa~d MORiGAGORS shafl fo~ any reason (ail to keep ~he ~a~d premisc•s so insured. o? fail b delivet prp»ptly any of said poi~aes ot u~w~e~~Cd iu se~~7 t...~.. ~ti,,.~F~, M~n anr ii.vA.l~~.vCC. ._.:.r reapect fail to perfwm, d~scha~ge, execute, eftea, complete, canply wiTh ar+d ab+de by this tovenant, w any par~ hareof, s~~d MGRiGAGEE may piace a~:d pay for such inswontr or •ny part thereof without waiving or affectiag eny option, fien, equ~ty, or ~ighf under or by v~nue of this Mortgage, and ~hc f~ll amount of each and every such payment ~hall be immed~ately due and payabte and shall bear interesl from the data thereof un~il p~id at the rate o? m~e per tentum per annum and to~rthar with suth inrerest shali be secured by fhe lie~ of this mwtgage. 1. To permit, commit or suffer no was?e, impairment w detariorat;on of said property or any part thereof. 5. To pay all and singula~ tFu costs, chargcs and expenses, including a reasonable attwney's fee and costs of abstracts of title, incurred or pa~d at any ti~r:e by sa~d MORTGAG.E, because w in the eve~t of ~ha fa~lure w~ the part of the said MORTGAGOR to duly, prompNy and futly pe~form, d~scharge. ~xecute, effett, canplete, canply w~th and ab:de by each and every the s?ipulaf~ons, agreerr.ents, tonditions, and covertants of said promissory note and ~h~s morrgage any or either, and said coats, charges and expenses, each and every, sFall be immediately due and payable; whethe~ or not there be nof~ce d~ mand, attempt to collect or suit pending; and the fufl amount of each and every such payment :hall bear interest f~om tbe date the~eof uniil pa~d at ~he .ate oi n~ne per centum per arow:r+; and all said costs, charges and expenses ~ncurred or paid, together wuh such mier~st, shaii oe secured by ti~e t~rn ui il~~s morlgage. 6. Thal (a) in the event of any breach of this Mortgage or defau(t on the parf of the MORTGAGCR, or ~b) in the event any of sa:d sums of money t,erein referred to be not pranptly and fully paid wi~hin thuty (30) days next aiter the same severatly becwne due and payable, w~~hout demand or notice. or (c) in ihe event each artd every ~he s~ipulaticns, agreements, cand~tions and covenants of sa.d promissory note and th~s mort~age any or e+~her a~e not iuty, promp~ly and fuily performed, d~scharged, executed, effected, comple:ed, complied wi~h and abided Sy, then i~ either or any auch event the sa:d ag- gregate sum memioned in said promisswy note then remaining unpaid, with inieres~ accrued, and atl moneys sewred hereby, shall become due and pay eb~e fo~thwith, w ~hereafter, at the option of sa~d l~10RiGAGEE, as fully and comptetety as if alt of the said s~my of money Mere onginally st~pulated ro be pa~d on such day, anything in sa:d prom;ssory note or in this Mortgage to the contrary notwithsra~d~ng; and thereupon or the~eafter a~ the opt~on of ia~d MORiGAGEE, vvitfiout nonce or demand, suit at law o~ in equity, the~efore w thereafter beg~n, may be prosecuted as if all moneys secured hereby n~d ma~ured pnw ro rts ~nstitution_ 7. That ~n the evenr that at the beginn~ng of or at any time pending any su~t upo~ this Mo.tgage, or to fo~eclose it, or to refo~m it, or to en(orce payment of any claims hereu~de~, said MORTGAGEE shall apply to the Court havi~ig ~ur~sd:tt~on thereof fo~ ~he appo~ntment of a Receiver, such Cour1 ahail fc~thwith appo~nt a receiver of said mwtgaged property all and singular, ir+clud,ng a!! and singular the income, prof~ts, issues and revenues from wharevrr so~rce derived. each and every of wh~ch, it being expressly unders~ood, is hereby mortgaged as if speuficatly set forth and described in the g~anting and habendum dauses he~eof, and such Receirer shal! have all the broad and effect;ve funct~ons and powers in anyw~se entrusted by a Cowt to a Recriver, ar~d s: ch appoin:ment shall be made by such Cou~t as an admitted equity and a ma~ter of abso:ute right to aaid MORTGAGEE, and w~~hout re(erence to the edequaty o~ inadequacy of the value of the property mongaged or to the so~vency or insolvency oi said MORiGAGOR or the defzr~dants, and that svch re•,rs, profirs, income, issues and revenues shall be appl~ed by such Receiver accordulg to the lien or eq~ity ot said MORTGAGEE and the pracfice of such Court. 8. To du!y, promptly and fully pe~form, discharge, execute, effett, complete, comply with and abide by each and every the stipulations, agreements, conditionx and covenanrs ~n sa~d prom~sswy nore and this martgage sef fwth. 9. ihar in the event the ownership of the mortgaged premises, o~ any part thereof, becomes ves~ed in a pe~son other than the MpRTGAGOR, the h'.^RTGAGEE, irs succeuors and asvgns, may, without norice to the M1tpRTGAOR, deal with such successor or successor ;n ;Merest with refeience to this ~•ortgage ard rhe deb~ hercby secured in the same manner as with ltortgagor w;thout in any way vit~ating or d+sc6arging the R1a~rgagors' liabil;ty her~ der or u}wn the debt hereby secured. No sa!e of fhe premises hrreby mo~tgaged and no forbearance on the par~ oi the MORIGAGEE or its wccessors o. ass~gns and np extens:on of the time for the payment of the debt hereby secured given by the IJIORTGA~,EE or ifs successors or ass~gns, ahalt operate ro ~elease, d~scharge, modify thange or aftect !he origmal lian~lity of tbe MORTGAGOR herein, either in whole or in part. 10. It is spec~ficaliy agreed that time is of the essence of this tontract and that no waiver of any qbligation hereunder or of ihe obligatwn se curcd hereby shall at any time thereafter be held to be a waiver of the terms hereof w of the instrument secured herby. 11. In aao:t:u~ to rhe forego'~,g month!y paymems af princ pal and interest requ~red by the prom;sscry rtore secured hereby, mo:~gagor tovenants a~.d agrees to pay to mo~tgagee w~th each month:y payrnent an add~ricnal sum ~si~mated by mortgagee to be equal to 1: 12 oi the an~~ual cost of the fotiow- ,~,y: A-Afl real property taxes lev~ed or assessed agai•,st the above described real esrate. 8 Pr.~m~-,::,s on f~.e and tivinds!o:m insvrar,ce as Fere~n ~equ~red to be carr~Ed on the ~mproveme~ts situatt on th~ above d=scribed premises. C-Prenuums on such mat~age guaranry insurar.ce az mortgagee shall f~om Nme ro hme deem fit to carry on the toan secured hereby. - hlortgagee sha~l ?rom rima to time nonfy mortgagor in writing of the amo~nt due and payable hereundrr and such wm shsil fhereupoq be dve Nid :~yable en ihe due cate of the rext month:y payment and each suctessive mo~th thereafter ur.til mo~tgagee shaR notify mortqagor qE e etiancjQ in seKl~ ~~~r. Such sums sFa'i be applied by mortgagee toward ti~e payment of real propeAy taxes, insu:ance prem:ums, and~ mp:r~age guaranfy if~yutance _~-emiums. . ~ _ _ IY r~ITNESS 4YHEREOF, the said MORTGAGOR has hereunto set his F,and and seal the day and year first aforesa~id.'-+ ' + ~ " ned, Seated a:,d d've? ~n the presence of: ~ AMERICAN !-IC~hI~ , ~IOR?~p(~~{_ INC. ~ ' FILED AND RECOROEO ~ • - _ ~ ' ^4,~ - St.IUCtE GOUNTY FU. 1?1` • " ,q itOCEr~ POITR11S BY : ~ - _ - CtERK Ci~~.CU1T ~CO~URT ~ • : ~ ^ 'iNt - P.fCORO VEF.:FIED-- ATTEST : f. ~ ' (Seaq , v-.. ~ s zA ' ~~_/i?-= ($eap ~~r l51 N~~Z Verna L. Andezson. Secretarv 244110 ~T.4TE OF FLORIDA COUNTY OF ST. LUCIE ` 1 HEREBY CERTlFY, That on this __1~-~T 1 i.___day of~~cember ~ , A.D. 19~_, ~efore me personally appeared Wi~Iiam~~detson and VeYna L_ _ l~ndersnn re;pectively Pres~dent and Secretary , of A~t1~~liomes and ~tortQaqQ~ Inc. a__ Florida.____ Corporation, to me known to be the persons described in and who executed the foregoing instrument, and severally acknowJedged the exe- I curion thereof to be their free act and deed as such officers for the uses and purposes therein metitioned;. and that they ar'fixed thereto the officia! seal of said corporat;on, and the said instrum~nt is the ad and deed~ of said corporation. ~VITNE~S my hand and official seal at Fort Pierce __St . l.uei~_ , said county and state_ : ~ It~is instrument prepared by - ~ ~ John W. Col lins _ ' ' _ First Fedetal Savings and Loan Notary Public, in and for State and Cau aforesaici~ My Commission Expires: t ~ ~~.ssociation af Fort Pierce , . _ . . . . ~ . - i b....., : ~ - . Checked By ~ i ~ ~3~ , a~~ 209 ?~~f 73" - _ ~ ~ : . , : ~ ~ ~ , ~ , ~ ~~i: _.F . . . :.A,.,.M~