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Home My WebLink About2171 ~ • 't-- .~e To place and con~~nuously kecp on thc bui:d~~~~s now or herca(tar sifuate on said land and or? ill eq~ip~~en? and personally tove~ed by thi~ mortg~ s9s, with all premiumt ~hercon pa:d ln 1ull, (iro ins~~ance in ~he usuat tronda~d policy fo~m, in • sum apFxo+ed by the MORiGAGEE, a~d w~ndi~orm iniurance fn tM uiual srandard pol~cy fam, i~ • sum +pproved by ~M MORTGAGEE, i~ such company w compan~es as the MORIGAGFE miy dired; and all fire a~d w;ndatorm insuronce potiuas on any of sa~d build~nys, a~y interotl therein or part the~eol, in the aggrcg~te wm ~faesaid or In exceu thercoi, shal! tw+~ain the usual standard mwtgage~ clause w such oiher clauss a~ ~he Matyagee may requ~r~, makin~ the loss unde~ ~a~d pop- cies, each and every. payabts to sa~d MORTGAGEE ~s ~ts inte~etr m,~y appear, and each and svery wch pol~cy ~hall be promptly ~u yncd and deGvered ~o any held by said MORiGAGEE ~s funhe~ srcu.ity ~o said morigage debt, and, no~ less tMn ten (10) days in +dvance of the expirat~on o1 each pot;cy, to d~- liwr 1o iaid MORTGAGEE a renewal th~reoi, Ioge~Mr with a rece~pt fw Ihs premiue+ oi tvch •enewa~; and there shal! be oo f;?e o? winds~orm insurance p~K~d on any of said buildings, ~ny inlereit thereio or part thereof, vnless in ~M form ~nd with 1he lou psyablt as afaetaid; a~d in IM event any ~um of money beto~nes payable under such policy a pol~ues uid MORTGAGEE ~ha~l have ths option ~o rKe~ve and apply the same on accouni o/ the indebted Mu sscured hereby w to permif •a~d MORTGAGORS to ieteive snd use it or sny part the:eof }or oincr pur~~oses, ~v~thpuf th~reu~ waivi~~g o~ ~~upair- irg any equ~ty, lien q right under w by virtw of this mo:tyage; and in the ~vent sa~d MORTGAGORS shall fw any ~eason fail to keerr the a~id prem7srs so insvred, w fail ro detiva promptly any of said polKies of i~sur~nce ro said MORTGAGfE, or fail promprly to pay }u11y any pre~nium thereto~ or in any reipect lail ~o periorm, discharge, execwe, eifect, comp~ete, comply wi~h and abide by ~h~s tovenant, w any part he~eoi, said MORiGAGEE may place and pay fw such insuranca or ~ny pa?t the~cof w~ihout waiving or affectirg any option, lien, eqvity, a r~ght under w by vi~tue of this Matgaps, and the full amount oF each and every }uth payment shall be immedi~~ely dus and payabla and thall bear interes~ irom tM date ~hereof until paid at the rate ol ~~ne per tentum pe~ an~um and together with such interest shatl be secured by the lien of thii mortgage. 4. To permit, tommit or suife~ no waste, impairme~t a deterioration of said property w any part thereof. 5. To pay all and singu~u the costs, charges and expenses, including s reasoriable attorney i fer and costs of abstrects of titie, incur~ed w paid at any tFme by ~a~d MORTGAG~F, because or in the event of ~he fa~lu~e on the part of the said MORTGAGOR to duly, promptly and fully periwm, d~scherge. execv~e, effett, complete, comply w;th and ab:de by each and every the stipulations, agreements, conditions, and covenants of ia~d promissory note and this ~++ortgage any o~ ei~her, and sa~d cosrs, charges and expenses, each and ev~ry, shall be immedietely due and payable; whether o~ not there be ~o~ke da mand, ~ttempt to col{ect or suit pendi,g; a~d fhe tull arnount of each .and every such paymeM shall bea. iMerest from ~he date lhereof un?il paid at the rate oi nine per centum par annurn; and all aaid cos~s, tharges an~ expenses incurred or paid, togethe~ wdh such interest, shaN bs secu~ed by the lien of fh~s mortgags. 6. Thal (a) in the event of any bresch of thi~ Mor~gage or default on tM part of the MORTGAGOR, o~ (b) ~n the event any of said sums of money herein refe~red to be ~ot promptly and lully paid wi?hin thirty (30) days next after Ihe same uverally lxcome due and payable, without demand w notitc, ar (t) in the evenr cach arsd every the stiPulations, agreer.ients, condiTions and covenants ol sa~d promiswry note and th~s morlgage any w either are not ~uly, promptly and iutly performed, discharged, eaK~ted, effected, canpleted, complied with and abided `ay, then in e~lhet d any such event 1he sa~d ag gregate sum mentioned in said p?omissory nore then remsining unpaid, with +nte~es~ accrved, and a11 moneys secvred hereby, ihall betome dve and pay- ab:e fwthwith, or thereafter, at the option oi sa~d MORTGAGEE, as fully and compleiely as if aIl of the said avms of money were wginaily st~pulated to be pa~d on such day, any~hing in sa:d prom~sswy note o~ in fhis Mwtgage to the contrary notwiihstanding; and tAereupon o~ the~ealte~ a~ the op~~on of sa;d MORTGAGEE, without notice w demand, suit at law w in equity, thcrefwe or thereafte~ begun, may be prosecutcd as if •II moneys secured hereby had mawred pnw 1o its institutioo. 7. Tha~ io the event that at the beginning of or at any time pending any suit upon this Mlortgsge, w fo foreclose it, or to reform ir, or fo enforce payment of any tlaems hereunder, said MORTGAGEE shatt apply to the Cou~t having jurisd~ction thereof for 1he appointmem of a Receiver, such Court shafl forthwith appoint s receive~ of said mortgaged property all and singula?, includ~ng all ar+d singuiar the income, prof~ts, issues 3nd revenues from whatever source deriveil, each •nd every of wh~ch, it being expressly undersrood, is hereby mo.tgaged as specilically set fwth and desctibed in the granting and habendum clauses he?eof, and such Rcceiver sAall have al! the b~oad and effecrive func~~ons and pow~rs in anyw~se entrusted by a Court to a Receiver, and s~ch appoirrtmem shall be made by such Court as an admitted equity and a matter of - absolute right to said MORTGAGEE, a~d without reference to the adequacy a inadequacy of the valve of the prope~ty mortgaged or to the so~vency o~ in:olvency of :a7d MORTGAGOR w the defendann,. and thaf such renis, prafits, income, issues and revenues ihall be applied by such Receiver accord~ng to the lien w equity of said MORTGAGEE and the practice of such Court. 8. To dvly, piomptly and fully perform, discha~ge, execute, effect, complele, compty with and abide by each and every the atipulations, agreements, canditana and covenants in u~d promissory note and th~s mortgage set fw~h. 9. Thaf in the event the ownership of the mortgaged premises, a any psrt thereof, becones vested in a person other than the MORiGAGOR, ti+a MORTGAGEE, its successors and assigns, may, witFaur notrce to rhe MORTGAOR, deal w;th svch successw w successo~ in interest wi~h reference to this mart9age and the dsbt hereby secured in the same manner as with Mortgagor without in any way vitiating o? discharging the Mortgagors' liability herr under or upon the debt he~eby sec~~ed. No sak of the Fremises hereby mortgaged and no forbeara~ce on the pert of the MQRTGAGEE or its sutceasora " or a~signs and no extension of the time fw the payment of fhe debt hereby secwed given by the MORTGAGEE or its successors w assigns, ahall pperate ~o release, d~xharge, mod~fy change or affect the original liab~l~ty of the MORiGAGOR herein, either in whole or in p~rt. 10. It is specif~cally ag~eed fhat time is of the essence of this comract and that no waiver of any obt~gat;on hereurxler or of the obligatan sa cuted he~eby shall at any ~ime therenfter be held to be a waiver of the terms hereol p of the instrument secured herby. 11. In add~tion to the forego:ng monthly payments of princ'pat and interest required by the promissory no~e sec~red hereby, mortgagor covenants and agrees to pay to mongagee with eath monthly payrnent an add~rional sum est~mated by mortgagee to be eqvaf to 1 j 12 of the annual cost of the foflow- in~: . A-A!1 real property taxes lev:ed or assessed agai•~st thc above described real estate. B-Prem;urns o~ fire and windsto~~n insurarce as here~n requ~red to be carr~ed on the improveme~ts s~tuate on the above d_scribed premises. C-Premiums on such mortgage guaranty insurar~ce as mortgagee shall from t:me to time deem fit to carry on the Ioan secured hereby. Mortgagee shaEt from time to time nor~fy mortgagor i~ wr~ting of fhe amo~nt due and payable hereundei and such sum shall thereupon be due and ~ayable on the due date of ~he next month!y p~yment and each successive month thereafter urtil mortgagee shall notify mortgagor of a change in such amounr. $uch sums shall be applied by mortgager toward the payment of real property taxes, insuran~e ptem:ums, a~x! mortgage guaranty insurance p~emiVms. IN WITNE55 WHEREOf, the said MORT~'iA s e tp hand a seal the day and year first atoresaid. ~~~~""~~~~'~~k~~~ ~3~~ a~i~s ~g~~o~b~ WAYNB ODNSTR[~TI~ ned. Sealed and deliv ~n the ~~ii - '~rT. CiE ~ou!+~r Ft,~. Y.. ~ L~v== r.iii?AS ~ . c~~~~. c c~~?i cov~T BY: _ - ..n~ Y~F..fi~t~~ Wayae . nes~,~.~., es = , , ~ ~ . , . , - ~~~n ~ 7 4 OS 73 r~sr: - ~ _ ' r ~ _ ' ' STATE Of FLORIDA ~,(!~~?73 Patricis A. slllAS~.• Zji~~ ' 1~~~~ ~ ~ f ~-O; ~ . . 0 ~ E E STATE OF FIORIDA COUNTY OF ST. LUCIE € 1 HEREBY CERTIFY, That on this ~/day of_ 7- A. D. 19~ . , ` before me personally appeared w~;~ne It_ SineS~ Jr ~d Patzicia A. Sines f respectively P~esident and - Secretary -Tra~q~er , of ~ WAYI~ CONSTR[~TION COI~ANY ~ a Rlorida Co o me ' ``MtA~~~~~~ s known to be the persons described in and who executed the foregoing instrument and severally a`~PWletig~.il~~ip~ ~ cution thereof to be iheir free act and deed as such officers for the uses and purposes therein me~'r~oned; ~~~'.jheY, ` r~ ; . ~ affixed thereto the official seal of said corporation, and the 5aid instrument is the act and deal``bf coo~ratlb~ ; ; WITNESS my hand and officiat seal at Fort Pierce , said county t~t~,,': ,~~G : This instrument prepared by / VIi , . ' • ~ Gary F. Bll~ood 'lv~/ . - ~ First Fedeza2 Savings and Loart Notary Public in and for State and Cous~ty% ~sar~l:'.' ' Floridation ol` Rort Pierce, My Cornmission Expires: ~~"'f• ~~j~~~.~~^ i`~r ~~~u~ s . , . i~7~ ~ - $ ~ C.h@CK~ t3y a 3 i f ~ ~ ~ 'i~'S ~ . . _ ~ 'g ~ ~ ' y-:` ~ T'~.~~..~~,.3~*~~ .~~~-~:^.3~ ~F__= . ' . ~ ~ . . . s ~.S.~=i1"G'E. Y~:ft~