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Home My WebLink About1841 t Ta place arx! continuously keep on ihe buildin~s now a hereai~sr ~ituate on sa~d land and on ~II equipmem snd personally cove~ed by thii mortq- egs, with all premivms thereon pa~d in iull, fire insurance ir.~M usual srandard policy fo~m, in a ~um ipproved by ~he MOR(GAGEE, +nd winds~wm insv?ince In ths ufv~) standerd pol~cy iwm, in a sum approved by ?M MORTGAGEE, tn wc~ tompany w compan~es ~s th~ MORTGAGEE may d~recr, and atl fira and w~odstorm inturance policiei on any o( taid bv~~d~n~s, any inleres~ therein or part thereof, i~ tM agg.ega~e sum ~foresaid w in •xcesi tMereo% shall conrain the usval s~anda~d mortgayee clauss w such mha claus~ af IM Ma~y~ge~ may rcqu~r~, makinq ths ~ou unde~ sa~d polF cies, esch and every, payab~e to taid MORTGAGEE a~ its interet~ may appe~r, and e~ch and evc~y such pol~cy ~hatl be prompfly aa gncd ai+d de~ivered ~o ' eny held by uid MORTGAGEF as (urther securify to said mortyag~ debt, and, not let~ than ~en (10) dsys advance of the eYpir~tion of each policy, to da livsr to ~aid MORTGAGEE a renewal thereof, topetha with s receipl fw the p~emium of such renewal; and ~her• sha{I ba no f~re or w~nd~to~m insuranc~ plac~d on ~ny of said buildings, a~y intc~est therein a pa?t therwf, vnless i~ tM fo~m ~nd with the tou payable as aforesatd; and In tht svtnl any sum of money becornes payable under such pol;cy w pol~cies taid MORTGAGEE shall Mve ~M option to receive a~d apply the iame on account of ~he indebted- neu secured hereby w ro permi~ said MORTGAGORS to receive and ui~ it or any pa~l thereof fo~ orher pu~poies, w~~hout th~rFO~ wa~~~ng or ~mpai.- ing any equity, Gen w riyFU under a by virtw of thii mo:!yaqe; and irr the event as~d MORTGAGORS thall iw aoy reason fai) to keep ~he t~ifJ pr~mi~M 30 insured, w fail to deliver promptly any of uid polities of insurante to said MORiGAGEE, or fail promptly to pay fully any premium Iherela ~x in any respM iai{ b periam, di~charge. execute, eHetl, comple~e, comply with and ~b~de by this covenant, u any part hereof, ssid MORiGAGEE ma. o~~ce s~d pay !ar iuch inswance or any part ~hcreoi wi~houf waiving or affacting any option. Iien, equity, a r~ght under w by vi~~w oF ~his Ma~9ape. +nd ~F+e full ~moun~ of each and ev~ry such payment ihall be ~mmediately due and payable and sha11 bear int~~es1 from the dats thereof unril pa~d at th~ rare of nine per tensum per annum and ~o~ether with such ~~re.cyr sMll be secu.ed by t}~e lien of rhis mor~qage. ~ To permit, commit or suffer no wasts, Impairment w deterioration of said property w ~ny pa?t tlxreof. 5. To p+y al) and aingular the cosfs, charges and expenses, including a reasonable attwney's fee snd costs of abst.acts of titte, incurred or paid at any time by uid MORTGAGEE, because w in the event of the tailure on ths pa~t of the said MOR~GAGOR to duly, promprly and futly pe~form, d~x?w?gs. execute, effect, compkre, comply wirh and ab:de by exh snd every the stipvtations, sgreements, ca+ditions, snd cavenants oi sa~d promiswry nots a~d thi~ mwtgage any w ei~her. and sa:d cosb, charfles and eapenses. each and every, sfull be immediately due and payable; whether d ~ot fhe~e be notice de~ mand, attempt to collecl or suit pending; and, the fuli smounf oF eacA and every such p~ymenl shal! bear inlerest from the date thereof until paid at the ra~e of nine per cenfum per an~i~rn; and atl said costs, charges and expenses incurred or paid, toge~ixr w+th auch imeres4 sh~ll be secured by the lien of this ~ mortga9e. . 6. That (a) in the event of aoy breach of this Mwtga~ a defaull on the part of the MOR7GAGOR, a(b) in the event any of said s~ms of mo+~ey herein relerred to be not promptty and fully paid within thirty (30) days ~xt after Ihe seme severally become due a~d payable. without dtmand o? ~otice, or (c) in the event each and eve+y the stipulations, a9reements, conditions a~d covenanti of sa~d prpmisw~y note and th~s mortgage any a t+ther aae rw1 ~uty, prompdy and fulty. performed, d~xharqed, executed, effected, completed, complied with and abided Sy, then in e~ther w any such event the said ag gregate sum mentioned in said promissory note then remaining u~paid, with intere~t accrued, and atl moneys secured hereby, shall become due and pay~ able fo~thwith, o~ thereafter, at the option of said MORiGAGEE, as futly end compterely as if all of tFu said sums of money vrere aiginally stipulated ro be pa~d on such day, anything in sa;d promiuwy note or in this Mortgage to the contnry notwithstanding; and the~eupoe w therea(ter at the option of said MORTGAGEE, w~~hou1 nor~ce w demand, suit af law or in equity, therefore w thereafter begun, may be prosecuted as if all moneys secvaed he+eby had mawred p~~or fo its instit~tion. 7. Thaf in the event ~hat at the begin~ing of or at a~y time pendir,g any suit ~pon this Mortgage, a to foreclox it, or to refwm if, w to enfwce payme~t of sny cla;ms hereursder, said MORTGAGEE shall apply to the Court having jurisd;uion thereof tor the appo~ntmenl of a Receiv~r, svch Court shalt for~hwith appoint a receiver of said mwtgaged property all and singvlar, intlud~ng all and s~ngular fhe income, profits, issues and revenves from whatever sou~ce de~ived, each and every of whKh, it beinfl expressly ur?derstood, is hereby mortgaged as if spec~feca{ly set forth and destribed in the granting and i habendum clauses hereof, and such Receiver ahalt have ail the broad and effective funcnons and powers in anywise entruated by a Court to a Receiver, and s::ch appointment shall be made by svch Cou?t as an admitted equity and a matter of absotute right 'to said MORTGAGEE, and without teference to the adequacy w inadequacy ef the vatue of the property morfgagcd or to the sorvency o? ~~solvency of said MORiGAGOR a the defendants, and rhat such renrs, profirs, income, issues ard revenues shall be applied by such Receive~ accord~ng to the lien or eqvity of said.MORTGAGEE and the practice of such Court. i 8. To duty, promptly and fully perform, discharge, execute, effect, complete, comply w;rh end abide by each aod eve~y the stipulations, agreements, conditions and covemots in sa~d promisswy note and this mongage set for?h. 9. That in the event the ow~ership~oi the mortgaged premises, or any part thereof, becomes vested in a perton other than 1Fee MORTGAGOR, the j MOit?GAGEE, its successors and ass~gns, may, without norice to the A10RTGAOR, deal with such succeuw a successor in interest with reference to Ihis i rro: tgage and the debt hereby secured io the same mannar as with Mo~tgago~ without in any way viiiating or discharging the Mortgagors' (iabi~ity herr ~ under pr upon the debt hereby secured. No sale of the premises hereby mwtgaged and no (orbearance on the part of the MORTGAGEE w ita successors or assigns and no extension of the time for the payment of the debt hereby secured given by the MSORTGAGEE or its successws or asaigas, ahall opeiafe ro releau, d~sthargc, modify ~F~snge o~ affect the original liability of the MORTGAGOR he~ein, either in whole or in part. ~ 10. It is spedfically agreed that time is of the essence of this con~rae~ and that no waiver of any obl~gation he~eunder or of the obligaYan se- ~ cured hereby shall at any time thereafter be held to be a waiver of the terms hereof w of the instrument secu~ed Feerby. 11. In add~tio~ to the forego:ng monthly paymants of princ"pal and intereat required by the promiswry nore secured he~eby, mortgagor covenanTs and ag~ees to pay to moftgagee v?ith each momhiy payrnent an add~~ional sum estimated by mor~gagee to be equal to 1;`12 of the ann~al cost of the follow- ~ng: A-A!1 real property taars levied or assessed against thc above described real estate. B-Prem~u~ns on fire and windstorm insurance as herein requ~red to be carried on the improvements siTUate on the above described premises. C-Premiums on such rr.ortgage guaranty insurar:te as mortgagee shall from time to time deem fit to tarry on the loan setu~ed hereby. Matgagee shall from time to time notify mortgagor in w~iting of the amount due and payable hereunder and such sum shall tFxrevpon be due and Fayable on the due date of the next monthly payment and eath successive month thereaFter ~r.ti! mortgagce shall notify mortgagor of a change in such ~•-:ount. Such sums sF.ail be applied by mortgagee toward the payment of real prope?ty taxes, insurance prem:ums, and mwtgage guaranty insurance premiumi. IN \YIT~~ESS WHEREOF, the said MORiGAGOR has hereu~to set his hand and seal the da~r and earCONS~e~~d~ N S+gr~ed, Seated and delivered in the preserxe of: p WA ~ ~wo RE6pa E IE COUNT'~~lA. BY: . P e t~) OCEa POITRA3 ayne . ines, Jr., n _ • RK G;:tCU1T CCURT ATTBSTs - . _ RFf+~RO~~r~'-`tf0 a r a A. S nes, QcrQtary- ~ ~ ~ ~ ~,T3 _ ~a~~ ; ~M ~ Treasurer i 25`73'75 . i S7AtE OF FLORIDA COUNTY OF ST. LUCiE ~ S ' ! HEREBY CERTIFY, That on this - 15th day of J~e , A. D. 19 7~ , ~ ~ Wa ne U, Sines Jr. Sines ; before me personally appeared y ' and P~tricia A. 3 ~ respectively President and Secretary -=rens~eZ , of WAYI~.+ OONSTRtICTION CO[rPANY F.~rids . e Corporation, to me known to be the persons described in and who execuied the foregoing instrument and severally acknowledged th~ ~xe- cution thereof to be their free act and deed as such ofiicers for the uses and purposes therein mentioned; and tt~ti~ey € affixed thereto the official seal of said corporation, and the said instrument is the act ar,d deed o#,sat~d~rorporatton. ; w~TNFtS mv hand and official seal at Fort Pierce ~~a - . , r--,. , said ~em1~ and state. . : This instruneat prepared by /V~` CvJV / ~ t ~ ~ ` G ary F. Bl lwood t~ : U r First Redezal Stivings and Loa,n Notary Public, in and for State and fovnty aforewid, : - - : i~OTARY f'i1631~; $7'jS~t RQKIL;A at (AR~iE_ - Association of Rort Piezce, Florida My Commission Expires: r,, t:- ~,.,r ~f.~;~. ,~r- ~ 1~- ; is~ •2~_t.~St•~~nh0t5•_1:5..G.'~a1.t~ ~ . i Checked 8y L..`~~? . , ~ ' . F $ ~ - , ` aoo~ 2~.5 ~rc~1838 ~ _ _ ~ ~F . . . .z ' . . . . . . _ _ . . r , ~