The URL can be used to link to this page

Home My WebLink About1625 3. To place and continuously keep on the bui:d~t~gs r.cw or he~eafte~ ~~tuate on said land and on aN eqvip+nen+ and personally covered by this matg~ sgs, wilh all prem~um~ tnereo~ pe~d in f~ll, fire i~swance in tfie uaual standard po~~cy form, io a sum approved by the M,ORTGAGEE, and windsto~m ~~sw~ncs in ths usual standard pol~cy form, in s sum approvrd by ~he MORTGAGEE, in such cwnpany or compan~es as the MORTGAGEE miy diracl; a~d all firs and w~nditorm insu~ancs pol~uei on +ny of ~eid buiid~~+ys, any interest there~n or pa~t thereof, in the agg~ega~e aum afaetaid or in excess ~Ixreof, thsll comain the usual s~andard mongages dauss or such o~her clause as the Mortgagee may ~equ~ro, making ~he loss u~de~ a3=d r=!~' ue~, each and every, payable to said MORTGAGEE as its interest may appear, and cach and every such pol~cy ~hall be promptly ass gned and deGvered ~o sny held by u~d MORiGAGEE as (urther secu~ity to said mo~~gage drbt, and, not teu than ten (10) day in advance oi the expiration of each pol~cy, to da I~ver to u~d MORTGAGEE a renewal thercef, togeiha with a rece~pt fo~ ~M premium of :uch renewal; and there ~hal~ be no f~re or w+ndi~orm insurance placed on ~ny of said buildirx~s, any interest therein or part thereof, unlesa in the form end with the loss payable as afwesa6d; and in the event any tum of monay becomes payable under such pot~cy a pol~ues said MORTGAGEE shall have ~he opnon to ~eceive and apply the sarne on account of the indabted- nefs 3ecured hereby o~ ~o permit said MORTGAGORS lo receiva and use it w eny parl thereol for o~her purposes, without th~r. u~ wai+ing or ~n~pair- ing any equily, lien or ri9hf unda? ot by virtue of i~~E; : ar';;age; •nd in the event said MORTGAGORS shatl fw any ~easo~ fail to keep the said pre~niszs s0 ~nsured, or fail lo delive~ promptly any of said policies of insurance to said MORTGAGEE, d fail promptly to pay fu~ly any pre~niurn the~efw or in a~y reipect fail to pe~Fwm, d~scharge, execute, elfecl, tomplete, comply with and abide by thit cove~ant, or any parl hereo(, said MORiGAGEE may place a~~d psy fw such inwrance or any part thereof without waiving w af(ecting a~y option, Iien, equity, o~ right under w by virtue of this Mor~gage, and the f~ll amounl of eath and every such payment shall be immediately•due and payable and shall bear interest from 1he date thereoF until paid at tF~e ~ate ol nif~! p!/ CMfUrtI RCf annum and to~ether with such inrerest shall be secured by 1he tien of this mwtgage. 1. To permit, tommit w suffer no wasle, impairment or deterioration of said properfy or any part the?eof. 5. To pay all and singular the costs, charges and expenses, including a rrasonsble attorney i fee and costs of abstrac~s o( t~tte, incurred or pa~d at any time by u~d MORiGAGfE, because or in the event of the failure on thc part of the said MORTGAGOR to duly, promptly and iully perfwm, dixharge. e,~ecute, effect, comp~ete, canply w~th and ab;de by each and every the stiputaT~ons, agreements, conditions, and covenants of sn~d promiswry note a~d ~his mwtgage any w either, and said coats, charges and expenses, exh and every, shall be immediately due and payable; whethe~ or not there ba r+otice dr mand, attempt to collect w suit pend~ng; and the tutl amount oi each and every such payment shall bes* interest from the date thereof until paid at the rate of nine per centum per an~~um; and alI said costs, cha~aes and expe~~ses ~ncurred or paid, ~ogether w+th such interest, shall be secured by the lien of this mortgage. 6. That (a) in thr evem of a~+y brexh of thia Moregage or defa~lt on tha pxt of the MORTGAGO& ~(b~ in the event any ot sa~d sums of money herein refe?red 1o be na {xompHy and fully pa~d wiihin ~M~ty (30) days nex~ af~er ~he samQ wreraity betome due and payabie, without d~mand o. nouce, . : or (c) in the event each ~nd every ~he sNpulations, agreements, cond~~~ons and covenants of sa~d promi:sory note and ~h~s mortgage any. or either are not ~uly, promptly and fully perfwmed, d~scharged, executed, efiected, compteted, compf~ed w~th and ab~ded 5y, then in e~the~ w any such event the said ag- gregate sum mentioned in said promiuwy note then remaining unpaid, with imerest accrued, and atl moneys secured hereby, shall become due and pay~ able forthwith, a thereaiter, at the opt~on of said MORTGAGEE, as fully and complNely as if all of tf,e said sums oF money were origi~ally s~~pulated to be paid o~ such day, anything in sa~d promissory note or in this Mwtgage to the contra?y notwithstanding; and thereupon w thereafter at the option of sa;d MORTGAGEE, witho~t notice or demand, suit at law or in equity, therefae a thereaiter begun, may be prosecuted as if all moneys secured hereby h;d matured prior to ~ts institution. 7. That in the event thaf at the beginning of w at any time pertding any suit upon this Mortgey~, cr to fweclose it, w to retorm it, or lo enforce payment of any claims hereunder, said MORTGAGEE shafl apply to the Court having jur~sd;ction thereof fo~ the appointment of a Receiver, such Court sha?1 ; f~.~ehweth appoint a receiver of said mortgaged property all and singular, includmg all and s~nguiar ~he inmme, prolits, issues and revenues }rom whatever 1 se~rce derived, each and every of wh~ch, it be~ng expressly understood, is hereby mortgaged as if speci(ically set fwth and dexribed in the granting and habendum clauses he~eof, and such Receiver shati have aH the braad and effective (~rtct~ons and powers in anywise enirusted by a Court to a Receiver, and s~ch appoinrment shall be made by such Cou:t as an admiited equity and a matter of absolute r~ght to said MORiGAGEE, and without reference to the atiequacy a inadequacy o4 the value of the property mortgaged or to the sa~vency or insolvency of said MORTGAGOR w the defe~dants, and that such ren~s, profits, irxome, iuues and revenues shall be appiied by such Reteiver accord~ng to the {ien or equity of said MORTGAGEE and the practice of such Courf. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, co~dltans and covenanrs in sa~d prom~ssc~y no~e and th~s mortgage set fath. . 9. That in the event the ownership of the mortgaged premises, w any part thereof, betomes vested in a perwn other than the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal wi~h such successw or successor in interest wifh reference to this mortgage and the deb~ hereby secured in the same manner as wtth Mortgagor without in a~y way vif~ating or discharging the Mortgagors' lisbility herr under w upo~ the debt hereby secured. No sale of the premises hereby mortgaged and no fabearance on the part oF tF~e MORiGAGEE or its successors or assigns and no extension of the time fa the paymenl of the debt hereby secured given by the MORTGAGEE or its successors or. assigns, ahall operate ~o retease, d,scharge, modify cfiange or affect the criyi.^.a! !*at~~+=ry of the MORTGAGOR he+c~re, either in whole o+ i~? put. 10. It is speufically agreed that t~me is o( the essence of this contract and that no waiver of any obligat~on hereunder or of the obligation sr ~ cured hereby shall at any time thereafter be held to be a waiver of the terms hereof w of tFx instrument secured herby. ' 11. In add;tio~ to the forego eig month!y paym~nts of princ'pal a~d ~nterest required by the p~om~ssery note sec~red hereby, mortgagw covenants and agrees to pay to mo:tgagee with each month?y payr~:ent an add~~io~al sum est~n;a~ed by mortgagee to be equal to 1; 12 of the annual cost of the follow- , ,y: . ' A-All real property taxrs ievied or assessed against the above dexribed real estate. B-Prrm~ums on fire and w~ndstonn ~nsurance as herein requ:~ed to be carried on the improveme~ts situate on the above described premises. C-Pcemiums on such mortgage g~aranty inwrance as mortgagee shatl from t~me to time deem fit to carry on the loan secY{ed hereby. ~ ; Mo~tgagee shall trom t~me to Hme not~fy morigagor in writ~ng of the amount due and payable hereunder and such sum sliall eF~srQUpoa~be due and ~ i Fayable o~ the due date of the next month!y payment and each successive month thereafter uctil mortqagee shall notify rtwrfga~~.aP~s~Fhanp! in such ' - . ' i a^:ount. 5uch sums-iF.aii be SppTied-by-mo~gagee 1~aiSiB tfie"paya~~ni-bt reat-praperty taxes,- t~SV~ance premvms,-arx~ mor~§age~ ~va+a~y~--+~w~a~+ce--- ~ n~emiums. _ ~ V ; IN 1MITNESS WHEREOP, the said MO AGOR has hereumo se1 his hand and seal the day and year first aforesai~ 7' o~„_+ ; Sig , Sealed and delivered in t sence of: /,~B tX,'Z' ~~~Y i ' . ~.~~pROEO BY: = ~ " ~ q e!~D Wa . Sin " " '~IY' ~ ~ . lOC1E C4L'M7Y FlA• LL Yn _ ~ , # , RGCz~ -.;:~~AS ~ATTFsST: ~ ~ s.,q ~ c~E^• iE t cou Patricia A. Sines~„~.~netasv~.a~ ' p~r,cFK YC ~ RT . . . . ~~'reaauser i - _ _ _ ~ 12 9 4a A~?,~ 3 - - - - - 263491 ~ ~ STATE OF FLORIDA COUNTY OF ST. LUCIE . ~ 6th September 73 ~ I HEREBY CERTIFY, That on this day of - , A. D. 19 , wa e U. Sines 1r. and patricia A. Sines ~ before me personally appeared m ~ ~ respeciively President and - Secretary'TZeasu7[e~ , of ~ WAYq[B~'OOl~S~jtt~TION COI~ANY Rlorida : ~ ~ , a Corporation, to me : knpv~rn-t'o•t3~"the:p~s~n9 described in and who executed the foregoing instrument and severally acknowledged the exe- ~ : cotjOh' fh~r~E ~o?'bP'~}ei~ free act and deed as such officers for the uses and purposes therein mentioned; and that they ! ' ' ~ ~ ' i ~ af ~fi~ced_ ~he~ 3~ie o.ffttia) seal of said rnrporation, and the said instrument is the aci and deed of said corporation. ~ ;u, _ : ~ r - , f. ' r = ; VilITNfS~Y,~irUvand officia) seal at Fort Pierce , said county and state. i ~ ~h~ strwetit. prepared by ~ . ~ . ~ J: lii Tt~ober~s,~ Jr. ~7,p,rs1 Sa,Vings and I.oan Notary Public, in and for e and County aforesaid. > First• ~4 Association of Fort Pierce, Florida My Commission Expires: N~ry pub~4 5~ ~~9 e . O-y ComT:ssicn Er - ~~i~ ~ ~ ~ - ~ = 1 .•~Ac„' ~ ~ ~ ' . C~~ ~ ~ ; ~ 0 Q i - - BOOK ~~S PAGE 16~4 ~ ~ ~ : ~ ~ - - - - i d ~ r ~ ~ . : ~ t ~ ~ . . _ . = _