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Home My WebLink About0201 TO pIK~ ~nd continuously kcep on tF~e buitdings now or hereaf~H utwte on said land a~d on +11 equipmem and pe~sonally cove~ed by this marq- p~, with all pr~miums therean pa~d in full, tire insurancs io the usua~ itandard policy fwm, in ~ sum approved by ~M MOR(GAGEE. +nd winduam iniwa~?c~ in tM ~tual ~~andard pol~cy (o~m, G+ a sum ~pp~oved by tM MORTGAGEE. in t~rch company w comp+nies a tM MORTGAGEE m~y dint4 and all fin and winditorm insu~anc~ policies on a~y of iaid bui~d~nps, any int~rtit ther~in w part theraof, in tM appre9a~e wm afaesa~d o? In ~xcess Il+e~eof. ~MII ca+tain tF?~ ~iwl standard mwt~apy claus~ w such other cl~us~ u tM Mat9ape~ may rp~:n, makinp 1M loss unda u~d po1M cies, esch ~nd evHy, payable ro aid MORTGAGEE as its interesl may appea~, and each end every s~ch policy ihall be promp+lY +ss.9~ed and delivered ~o sny held b~Tsaid N10RTGAGEE as turther security to said mor~gsge debt, and, not leu than tM (10I daYS in advance of ths expir~tion of e~ch policy, to d~ livsr to iaid MORiGAGEE a renewal thereof, toQt~hN with a rateipt tor the pnmium oi suth r~newatJ and there ihall be no fire o~ windstorm insurante plsc~d on ~ny of said b~ildir+gs, ~ny i~terest therein a psrt thereof, vnless io ~he fam and with tM lou paYable +s aforesald; u+d G+ the event any sum of nwrKy becomes p+Yable under such policy a policiea said MORT;iAGEE sMll F?avs ~he opt~or? to ~eceive and apply the sarrN on accouM of the indebted ness secured hsreby or to permit said MORTGAGORS to receive and us~ it p any part .1Fxreof fw other purposes, ~vithout th:reb/ waivi~ig o~ ~mpair- ; ing ~ny equity; lien o~ right undcr w by virtue of this mostgage; a~d in the event sa~d MORTGAGORS shall for any reason fail to keep the said premises so j insu~ed, or fail to deliver promptly sny of uid poticies of insurance to said MORTGAGEE, or fail promptly ~o pay fully any premium therefw or in anY ~ respect fail b perfam, diuhsrge, execute, effect, complete, comply wi~h ~nd abide by this cover+ant, w ~nY pa?~ he~eof, said MORTGAGEE may place a~d ; pay for such iraura?te w~ny part ther~of without waiving or afietting ~ny option, lien, equity, w right unde~ or by virtw of this Mortgage, and the ~ fult amount of each and every such payment shall be immediately due and payable and shall bear intere~t from ths data thereof until paid at tM rate ot ~ nine per centum per annum and together with such i~terasl shall be secured by ihe lien of lhis mwtgage• 1. To permit, commit or suffer no waste. impairment w deter'wntion of ssid property w any part fhereof. 5. To pay ali and singulu the coit~, charges ~nd expenxs, ir?cluding a reasonabls attwney's fee and costs of abstracts of title, incur.ed w pa~d a1 any time by said MORTGAGEE, becauu a in the event of the (ailure on ~Fx part of ~he said MORTGAGOR to duty, pramptly snd fuily pe~form, d~uharge. execute, effect, complete, comply with and ab:de by each and every the stipulations, sgreements, conditions, and covenants of said p.omissory ~ofe and this mortgage any or ei~her. and sa~d costs. charges ~nd expenses, esch and everp, shall be immediately due and payable: whether a not there be notite de- ~ mand, atttmpt to tolkct or wit pending; snd the full artw~~t oi eacF? and every wch payment shall bea~ imerest from the date thereof until psid ~t Iht t rare of nine per centum per annum; and all said coats, char9es and expenses inturred w paid, together w~th suth intcresl, shall be secured by the lien of thit mwtyage. 6. Thsl (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, w(b) in the event any of said sums of money herein refe~red to be not promptly and tully psid within thirty (30) days next after the same severatly become due snd payable, without demand w notice, ~ or (c) in the event each and every the stiputations, agreements, conditions and covenants of u+d promiuwy note snd th~s rta+tgsge any a eith~r are not ~uly, promptly and fully psKformed, diuhar9ed, executed, effected, compteted, compGed with and abided Sy, then in eitF~e? a any such event the taid ag { gregste wm mentaned in said promiuory noro then remaining unpaid, with interest accrued, and all moneys secvred hercby, shall be~ome due and pay- able fathwith, w thereafter, at the option oi said MORTGAGEE, as fully and completely as if all of tl~e said sums of money were originally st~pulnted ~ to be paid on such day, anything in sa~d p~omisswy note or in this jNwtgage to~the contrary notwithstanding; and thereupon o? thereafte? a~ the op~~on of said MORTGAGEE, without notice w demand, suit at law or in equity~. the[sLe{e or thereafter_ begun, may be proxcuted as if all moneys secured hereby had matured prwr to its instirution. ' 7. That in the evenf ~hat at the beginning of or at any time pending any suit upon this ~Mortgage, or to foretlose it, w to refwm it, or fo cnforce payrrKnt of e~y-Ltaims hereunder, said MORTGAGEE shall. apply to the Court having jurisdiction thereof ia the appointment of s Reteiver, suth Court shall Forthwith sppoint s ~eceiver of said morlgaged ptoperty a!! and singular, intlud~ng all and singular the income, profits, issues and revenues from whatevar source de?ived, each and every of wh~ch, it being expressly understood, is hereby mwtgaged as if_ speufically set fwth and desuibed in the graming and habe~dum clsuses hereof, and such Receiver shall have all the broad and effedive funcnons and powers in anywise entrusted by a Courf to a Receiver, and s~.ch sppointment shall be made by such Court as an admitted equity and a mattcv of absolute rigM to said MORTGAGEE~ and rrNhout reference to the adequacy or inadequacy of the value of the property mwtgaged w to the sowency w inso~vency of said MORiGAGOR a M1a' dlfendant~, and that such renrs, profits, income, issues and revenues :hall be applied by such Receiver according 1o the lien or equity of said MORTGAGEE ~and the practice of such Court. - 8. To duly, promptly and fully perfwm, discharge, execute, effect, mmplete, comply with and abide by each and every the stipulations, agreements, conditans and covenants in said promisso?y note and th~s mortgage set fwth. 9. That in the event the ownership of the mwtgaged premises, a any part thereof, becomes vested in a perwn other fhan the MORTGAGOR, the MORTGAGEE, iri successors and assigns, may, without no~ice to the MORTGAOR, deat with such successa or successor in interest wi~h reference to this mo.tgage and the debt hereby secu.ed in the same manner as with Mortgagor without in any way vit;ating a diuhsrging the Mortgagors' (iability herr under or upon the debt hereby secu~ed. No sale of ihe premises hereby mortgaged and no forbearance on the part oi the MORTGAGEE or its suctessors or auigns and no extertsion of the Time fa the payment of the debt hereby secured given by the MORTGAGEE or iti successors or auigns, shall operate to release, d~scharge, modify change or affect 1F~e original liability of Ihe MORTGAGOR herein, either in whole w in psrt. 10. h is specifically ag?eed thal time is of the essence of this contract and that no waiver of any oblgatron hereunder or of the obligstan se- cvred hereby shall at any time thereafter be held to be a waiver of the terms hereof w of the instrument secured herby. y 11. In addition to the fwego:ng monthly payments of princ'pal and interest required by the promissory note secured hereby, mortgagor covenants ~ and agrees to pay to morgagee with each monthlr payrnent an =dd~rional sum estimated by mortgagee to be equal to 1/12 of the annual tost of the follow- I ~ ing: ~ A-All real property taxes levied or assessed against the above described real estate. B-Premiums on fire artd windstorm insurance as herein requ:red to be carried on the improveme~ts situate on the above described premises_ ! C-Premiums on such mortgage guaranty insurance as mo+tgagee shall from t~me to time deem fit fo carry on the loan secured hereby. Mortgagee shall from time to' time nofify mortgagor in writing of the amount due and pajrable hereurdrr and such sum shall thereupon be due~ arid . I paya~le on the due date of the next monthly paymeM and each successive month thereafter ur,til mortgagee sFwll notify mortgagor of a change in ` amount. Such sums sF.all be applied by mortgagee toward the payment of real property tazes, inwrance prem~ums, and morigage guara~jy., iirurap~, : } v~~^.r ~ premiums. . ~l~ ~ ~ - IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and ear first afaesaid. . ned. Seal snd d ed in the presence of: ~ ~~D~j't ~ ~ ~t f1LED aR~~ !;E~GRDf~ B7~ T.IU; C~~~MTY F«, . ROvE~ Y;lTii~S t - ~ C~f~R ;;,c~s CoURT bteat: ~~~~~+r^., ~rf=. - . ! . - - - - - ~fi~r ty ~9 zi AM'73 - ~ 4. ~ ....g ~.o 254290 • . STATE OF FLORIDA ~ COUNTY OF ST. LUCIE 1 HEREBY CERTIFY, That on this day of ~ , A. D. 19~~, before me personally appeared Hasel J. As1'Tia a~~ F~~Clil'i A• AaTli$ respectively President and Secretary , of A1IRRZS CON~n~~ CORP~tATIdN a Corporation, to me known to be the persons described in and who executed ihe foregoing instrument and severally acknowledged the exe- ~ cution thereof to be their free act and deed as such officers for the uses a~d purposes therein mentioned; and that they affixed ihereto the official seal of said corporatton, ~~d,,~;said instrument is the act and deed of said cofporation. , . WITNESS my hand and official seal at Fort Pierce` ~•N^••~ ' , said coun nd state. = } Thie instraa~ent prepared b7 r,. . - ~ ~ - ~Il. E. &'8tai ~ • Not "~I~c, in for State and County aforesaid. F11'St FBdeT81 S~1TIgs 8Id IASn - My;~AF~~ssion xpires: ~c.j 6/~/ ~3 Association of Fbrt Pierce, Flor~ij'~ Q. ~ z.== ~ . = r . • _ 'r. ~ . . ~ ' i~,li?..i~Ci.~'~ - ~ Checked By - _ ~'t= ~ : • . 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