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Home My WebLink About1683 TO pIK~ cont~nuously ke~p on U+~ bu~:d~nqs now a he.eaffN N~u~~~ on ia~d land ~nd on ~11 equlpn,em and pNSOna~ty cow.ed by this mar~ p~, wi~h d) p~tmivms ~herson pa~d i~ full, I~r~ insur~nce in ~M utu~l tundard pol~cy fam, in ~ twn approved by th~ JNOR:GAGEE, ~nd wind~tarn insuru?c~ L? tM uiwl uandard pol~ry forrn, in • sum approved by tM MORTGAGEE, in wch compar+y a co~++puues as tM lMORTGAGEt` rnay dindt ~nd all f'u~ ~nd w~ndstorm inwr~nu polic'as on ~ny of f~id bVild~f~f, My II1tNHt tAN~N1 Of P1~f (IIf1lpl, in tM +yy~e9a~~ wm afor~sa~d a in ~xcess ~henof, ihatl con~ain the usual srandud ma~g+~ clw~ w such otl+N claus~ as tFr MatypN may requu~. makinp ~M ioa unde~ saw) po1F . ciss, each and evKy, payabl~ ro said MORiGAGEE ai its imKCSt ma~ app~ar. ~nd e~ch and eve~y tuch poi~cy ~MII be pomptly +u 9ned u+d delivered ro ~ny held by iaid MORTGAGEE as (ur~he~ secu~ity to ia~d morrgaye debt, snd. ~ot ka thae~ t~n (10) days in adwnc~ oi the erpu+t~on ol each polKy, to dr IivM ro said MORTGAGEE a n.rowal the~eof, top~~iw~ with a~eceipl fo~ tM pemium of wch r~rw«at; and ~Mr~ shall b~ no fu~ a winds~wm inwranc~ plaad on ~ny of satd buildir?ps, any ime~e~t tMr~in or part th~.wf, ~ntess in t!» fam and with tM loss p~y~blt as ~iaesaid; and in tM event any wn+ of monsy becomes payable vnder tuch polity a polKies said MORiGAGEE shall Mw th~ opt~ to receive and apply ths same on account of ~he indebted~ ncu setured hereby w a permit said MORTGAGORS ~o reteive and uM it a any part thereof ia oti~c. purposes, v.~tho~f tha.co~ waiving or ~mpah- ing any equiy, lien p right unde~ w by virtue of this moztya~e; u~d in tM went said MORTGAGORS shall fw ~ny reason tail to keep the s~~d premisa so insured, or fail to detiver promptty +ny of said polities of iosurant~ to said MORTGAGEE, o~ fait promptly to pay futly any premium therefor o~ in a~y ro+pect fail w pMiam, dixharge, eYecute, effM, compkte, aomply wiih and abid~ by this cove~ant, a any part herwf, said MORTGAGEE may place a~+d pay (w iuch iraurance or +ny pa?t thereof without w~ivinp a ~ffectinp any optia~, lien, equity, a~ph~ under a by virtue of this Mwt9ape, and ~he full amount of esch u~d every tuch paymenf ihall be i~runediately dw and py~bl~ and ihall bear ints~est f~om ths date the~eof u~~il paid at tM rat~ ol nine per ccnrum pe+ an~um and to~ether wirh sucF? inre.est shall be secured by the lie~ of this mort9+yt. To permit, commit or suffer no waste, impairment or deterioration of sa~d property o~ any put thereof. 5. To pay ~II and sirgulu the costs, cMrges aod expenses, includinp a reasonable attorney's fee and costs of abstracn of title, ir.curred o~ ps~d st any time by said MORTGAGEE, because a in the event of the failuro on the pa~t of the said MORTGAGOR to duly, promptly and fully perform, dixhsrge. execute, effect, comptere, comply w~tA and ab~de by esch and every the stipvlat~o~s, agreemenn, cond~tioro, and covenann oi sa~d promissory note and thi~ mort9~ge any o~ either. and said costs, charges and expenses. e~ch and every, shall be inunedialely due snd payable: whethcr a rat there be notice d~ mand, attempt to colktt or suit pend7ng; and the fvll amount of NCII i~ lVNy wch paymern shall bear interost from the date thereof until paid at the rare of nine per centum per arnium; and all said costs, charges and expenses intvrred or paid, together w~th s~th interest, shall be secured by the lien of tha rtwrtp~. - 6. That (a) in the event of ~ny breach of thw Mortg~ye a defsult on the part oi the MORTGAGOR, or (b) in the event ~ny of sa+d sums of money herein roferred to bs not promptly and fully paid wifhin th~rty (30) days nexf afre. Ihe same severstly become due +~+d p+yabb, without demand a notice, o~ (c) in the evem ~ach and every the stipulations, sgreements, conditions and covenants of sa+d promiuory note and th~s mortQape any o~ either are nW ~uly, prompHy and iully pcrformed. d~uharged, executed, effected, completed, complied with and abided Sy, then in either w sny s~ch eveM tl+e s+id a¢ gregate sum me~:ioned i~ said promissory note then rem~ining unpaid, with inte~est acuued, and all moneys setured hereby, shall become due and psy- ebte forthwith, o~ thereafter, at the option of sa~d MORTGAGEE, as fully and completely u ii all of the said wms of money were wginally supulated , to be paid a+ such day, anything in said promiuory note w in this Mortgage to the contrary notwithstanding; and therevpon d thereafter at the option oi said MORTGAGEE, without not~ce a demand, w~t at law or in equity, therefore or there+t~er begun, may be p~osec~ted as if all moneys secured hereby had matured pnor to its institution. 7. 7hat in the event that at the beginning of or ~t any time pend~ng any su~t upon this Mwtgaye, a fo fwedoss it, w to reform it, or ro enforce payment of any claims I+ereunder, said MORTGAGEE shall apply to the Court having jurisd~ction thereof for tF~e•ippolnt~ent of a Receivn, such Coun shall forthwith appoint a receiver of said mortgaged property all and singular, ioclvd~ng atl and singular the inoome, profib, iss4es ~nd ~evenues irom whateyer source derived, each snd every of which, it being expressly understood, is he~eby mortgsg~d at if tpetificalFy sRt fo?th ind d~sUibed in tl~ ~ranting and habendum clauses hereof, and such Receiver shall have all the boad and effective fu~a~ons and powers in anywis~ Mtr~ate~ b~t a Cwnt to ~ Receiver, and s~ch appo+ntment shall be made by such Court as an admined equity and a matte? of absolute rght to wid MORIGqGEE, uw! without reference to the adequacy w inadequacy of the value of the properry mwtgaged w to the sofvency a insolvency o( said MORTGAGOR p the defe~sdants, and ~hat sucF~ re~rs, profits, income, issues and revenues shall be applied by suc}~ Receiver accwding to the I'~en w equity of said MORTGAGEE and the pr~ctice of such Court. 8. To duly, prompNy and fully perform, discharge, execute, eifc~ct, complete, comply with snd abede by each snd every the stipulatwns, agreert~ents, conditans and covena~ta in said promissory note and this mortgage set fath. 9. That in the event the ownership of the mortgaged premises, a any part thereof, hecomes vested in s perwn other thsn the MORTGAGOR, the MORTGAGEE, iri successors snd assigns, may, without ratice to ~he MORTGAOR, deal with such successor or successor in interest with reterence to this mo~tgage and the debt hercby secured in the same manner as with Nbrtgaga without i~ any way vitiati~g or discharging the Mutgagors' liability lKrr _ under or ~pon the debt F+ereby secured. No wle of fhe prem~ses hcreby mortgaged and no fo.bearance on fhe part of the MORTGAGEE or its successon or assigns aru! no extension of the time for the paymeM of the debt hereby secured given by the MORTGAGfE u its successors w assigns, shall operate ro release, d~scharge, modify change w affect the wiginal li~bitity of the MORTGAGOR herein, eithe~ in whok or in put. 10. It is spec~ficaNy agreed tMt time is o/ the essence of this contract and that no waiver of any oblgation Ixreunder or of the obRpation sr cured hereby shall at any time thereafter be held to be a waiver of the terms hereof w of the instrument secured herby. ~ 11. In add~tion to the forego:~ munthly paym~nts of princ pal and interest required by the promissary no!e secvred hereby, inorfpagor ~Eo~rwiiq_ a~d agrees to pay to mortgagee vv~th each monrhly payrnent an add~rional sum est~ma~ed by mo+tgagee to be equal to 1/12 oi the arrW(.cqst~'~t(~,follow-'~ ing: ` h? ~ , ~ - A-All real prope~ty taxes levied a assessed agaiost the above desaibcd real estate. - • _ _ B-Premiums on fire and windstotm insurance as herein requ~red to be carried on the improveme:tts s:tuate On the sbove aeW~,'G!d pren+ye~r ~ : C-Prem~~ms on such mortgage guaranty insurar.ce as mortgagee shall from time to time deem fit to tarry on the (oan. setujed fiereby.. C; ' Moftgagee shail from time to tirne notify mortgagor in writing of the amount due and psyabk hereu~der snd such wm stislYtFi4reupon b`e ap~d l t 'I payable on the due da~e of the next monthly payment and each succssive mont6 thereafter w.til mortgagee shall notify mortgagorpf• p Zhange in suth amou~t. Such sums shall be applied by mortgagee toward the payment of real property taxes, iruurance prem.ums, and rtwrtgage' guiianty.insurance i premiums. • - { IN Y~ITNESS WHEREOF, the said MORTGAGOR has hcreunto set his hand a seal the day ~nd yeu first aforesaid. • r S' ned, kd a livered in tfie esence o- ~ C S CORP~tATION ~ ~ P` ~iICD AND RECORQE4. :T. ApCE CPO TRAf u1 ~ ~ +n ~ aae H s s n a~ CLERK C~n~ut1 CdURT ~ FCOR:' VfP.~F+EO.......--- Attest: a lin A. e a ~ - . 9 s2 AN'T3 ~ ` , ~'`~'n 25 ~ ~ ~ 10~9 STATE OF FLORIDA ~ COUNTY OF ST. LUCIE . I HEREBY CERTIFY, That on this day of-- ~=''~h , A.D. 19 ?3, before me personally appeared A~el ~T. Harria and 1~'azi~liT1 A. F~1Tis respectively President and Secretary - , of _ AA RTS ~NST iCTT(~1 C RpQRATjpjd a FZO!'id3 _ Corporation, to me known to be the persons described in and who executed the foregoing insirument, and severally acknowledged the exe- cution thereof to be their free act and deed as such officers for the uses and pvrp~ses therein mentioned; and that they ~ affixed thereto the official seal of -said corporation, and th~ said "+nstrument is the act and deed of said corporation. ~ - WITNESS my hand and official seal at Fort Pierce ~ , said county and state. f,• t ~ This instrwnent prepared by - r~ _ t -1~~ i. ~ ~tm. E. Braun . , • - ~ ~i~'st FederA7. Savings and IAaz1 ~ ~t C' k~s+''Y-Qublic, in a for Sta and County aforesaid. ~ Association of Fort Pierce, Florf~a ` ~~~"mission E pires: G~ / 9~'~ ~ . :~%p . j { : . ~ . :.~.•.%n~ r~'~ . ~ ~ Checked By ~ 0 R ~~~K21 ~ ~t~y~ z PacE 16 ~ ~ ~ - - v -r-~~' -