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Home My WebLink About1539 . , 3. To place and continuovaly leep oo ~he bu~:dm9s n~,v w hrreafter ~iruare on so~d land and on ell equipmeM end perso~ally covared by this m.u~g- sgs, wlth ail premwms ~hereon pa:d in i~li. Gre in~uronce ~n the uwat s~a~da~d ~;o~~ty form, i~ s sum approved by Ihe MUk~GAGEE, and w~nd~iorm ~nsurancs in tM usua) t~.~ndard pul.cy fo~m, in a wrn appro+ed by the b10RTGAGEE, in wch compeny or compan~es as ~bn MORIGAGEE may duect; and alf (iro and w~ndsto~m inwronce poGcies on any o( sa~d b~ild~ngs, any i~tergst the~ain o~ pa~~ the~eof, in the aggr:g~~e ivm a~aesa~d w in ~acet~ ~hereoi, shall contain ihe usual s~andord mw~gagee ciause or such other t~a~sa as ~he Mor~yagea may ~equ~re, makinq il~e toss undar •a~d poli- ~ des, each and every, payeble to sa~d A~ORTGAGEE at ~rs i~terest may appea~, and esch and every tuch poi~cy ai~all be promp~ty ass g~~~d a~td de:iv~red to any held 6y sa~d MORiGAGEE as furiher srcurity ~o ~aid mor~gage debt, and, no~ less ~han fen (101 dars in ad.a~xe of the exp~rat~on ol each pollcy, to de- Gve~ to said MORTGAGEE a renewal thereof, toge~hrr with a ~ece~pt fw ~he p.emlum of su<h renewat; and ehe~e shaU be no i~re o. wI„d~~or~n inw~anc~ placed on any o1 said build~r~ys, any interest fhe~ein or parf thereof, unless in ~he (orm and with the loss payable as aforoaaid; ar+d '+n the event any s~m of money becom~s payable under such polity or pol~cies said MORTGAGEE shall ha~e the opt~on ~o ~eceive a~:d apply the sa~ne on accounl o( the i~ufcb~ed- nes~ sc:ured hereby w to pe~mit sa~d MORTGAGORS to recrive and use it w any pa~t thereo4 for othcr purF~osrs. ..~~~.c~f eh_~~u~ wa~.~~~ or u,.p~~r ~~g any equ~ty, lien or right undrr or by virwe of th~s mortgage; and in the event sa~d MORTGAGORS shnl! for any reaso~ fail to keep the said premisas w insuted, or fail lo delive~ promptly any of said poGties Gf insurance to said MOR(GAGfE, or fail prampfly to pay 1uJy any prenuum therefor a in a~y respect lail to pertwm, discha~ge, e:ecure, effect, comptete, comply wi~h and abide by thia cove~an~, w any pa~ hereof, sa~d MORTGAGEE may pia<e a~~d pay for such insurance or any pa~t Ihereof without waiving w ai(ecting any option, I~en, equity, or right under or by virtue of'this Mo~tgage, and tht f~U amount of each and every such payment shafl be immcd3ately due and payable snd shall bear iroerest (rom the dare thereoi until pa~d at ~he rare ol nEne pe~ centom per a~num and together wirh svth interes~ shaii be secured by the lien of this mortgage. 1. To ptrmit, tommit or sutler no waste, impairrnent or deteriorstion o1 said property or any part thereof. S. To pey all and si~gular the coa~s, charges and expenses, ~ncluding a reasonable attwney's fee and costs of abstracts of tiNe, incurred w pa~d a~ any time by said MORTGAG:E, Decause a in the eveni of the failure on the parl of the said MORTGAGOR to du~y, promptly and fufly perfoim, d~scharge. e:ecute, etfed, compleee, comply wuh and ab:de b/ each and every ~he stipu~a~~ons, agreements, cond~t~ons, and covenaros of sa~d promissory ~ote and rh~s mortgage any or enhe~, and sa d costs, cherges ant! expenses, each and every, sha~) be immediately due and payable; whether w not there be nonce de n,and, attempt 1o cotled or suit pend~ng; and the full amou~t of each and every such payment shall bear interest lrom the date thereot until paid at the r~re oF r,;ne pe~ crntum per aniwrn; and all said cosis, charges and ex;x~eses incucred or paid, fogethe~ w~th such interest, shall be secured by the lirn of thii • mo7!$JQf. 6. That (a} in the event of any breach of this Mortgage or defaull on ~he parrof the MOQ?GAGC~R: w(b) in the event any of said sums of mo~ey hrrein referred to ?x not piompfly and futly paid within ~h~rty l30) days next aiter ~he same severa!ty become due and payable, wiihour demand or no~ice, or (c? in the event each and every the st;putations, agreeme~ts, condrtions and coveoanra of sa.d promiswry note and ~h~s mortgage any pr either are not ~~iy, promptly aod fully performed, dachargad, ezecuted, elfecred, comp;eted, compiied with and abided by, then in enhet or any such event the se~d ag ~regate aum mentioned in said promissory note then remai~ing unpaid, w~+h imerest acuued, and all moneys secured hereby, shall become due and pay~ - ebie fathwith, or thereafte~, at the opt~on of sa~d MORTGAGEE, as iully and complerely as ii all of the said sums of money were or~g~naily st~pulated to be pa~d on such day, anything in sa:d promissory note w in th~s Mortgage to the co~rrary nonvirhsrand~ng; and thereupon or thereafter ar the opt~on of ~ai~ MORTGAGFE, withovl notice or demand, suit at iaw or in equ~ty, the~efore ot therealter 6egun, may be prosecuted as if all moneys secured hereby n~d matured pnw to ~ts institutioo. 7. That in the event that af the be9inning of or at any time pending any SS~t upon this Mortgage, w to faeclose it, or to refo~m it, or to e~fo~ce payment of arty c~aims he~eunder, said MORTGAGEE shall apply to the Court having jur~sd~ct~on thereof for the appo~ntmem of a Rece~ver, such Court shaif Forthwith appo~nt a receiver oF sa~d morlgaged property all and singulsr, incl~d~ng atl and singular the i~tcome, proLts, issues and ~evenves from whatever s~urce derived, each and every of which, it being expressly underst~, is hereby mo~rgaged as ii spec~fically set forth aed dexribed in the grant~ng a~d habendum clauses hereof, and such Receiver shall have all the broad and eftect;~e funchons and powers in anywise entr~sted by a Court to a Receiver, ar.d s:.ch appointment shall be made by such Court as a~ admitted equity and a+natter of absolute right to said MORTGAGEf, and wiihout reference to !he a::eyuacy or inadequaty of the vslue of ~he property mortgaged or to the so~vency or ~nso~vency of sa~d MORiGAGOR a the defe~~dants, and ~ha~ such renn, profits, income, iuues and rovenues shall be applied by such Receiver atcord~ng to the tien w equity of said MORTGAGEE and the practice of such ~ CouA. ~ 8. To d~ly, promptIy and fully perform, discharge, execute, effrct, complete, comply with and abide by each anri every the stipuiations, agreements, -onditions and covenants in sa~d p~omissory nore and th:s mortgage set fo~th. 9. That in the event the ownership of the mortga9ed p~en,ises, o~ any part the~eof, becanes vested in a person other than the MORTGAGOR, th~ llORiGAGEE, its successws and assigns, may, wirho~r norice to the MORTGADR, deal with such successor w successor in interest with reference to thia ~~.ortgage and the deb~ hereby secured in the same manner as w~ih Morigagor w~thout in any way vit:ating o~ d~scharg~ng the !l~oregagori lia~i6ty her~ ucder or upon the debt hereby secu~ed. No sale of the premises hereby mortgaged and no forbearante ort the part of the lJIORiGAGEE or its successors o~ assigns and no extension of the time fw the payment of the deb: hereby sec~.ed given by the MORTGAGEE or its successws or auig~u, ahall o~:erdre ro release, ducharge, mod~fy change or aflect the origmal liab:lity of t}w h"ARTGAGOR herein, either in whole w in part. t 10. It is speufically agreed that time is of the essence of th~s contract and that no waiver of any obtigar~on herevnder or of the obligarion sr cured hereby shall at any time thereafter be he!d to be a waiver of the terms hereof or of the instrument secured he~by. I1. In add~t;~~ to the iorego ng ~nonth!y pa~m~nts of princ'pal and interest required by the prom sscry ~o~e secured herzb/, mOrtgagor covenants a~~d agrees to pay to mc•tgaqee w~th each mon*hiy payr~.em an adda~onal sum esr~n:afed by mortgagee to be equai ta 1/ 1$ of the ann~ai cost of the follow- :g: A-All reat property taxes levied or assessed d~3i9S1 the above desaibed real estate. B-Prem~ums on fire and wi~dsiorm ir.suracce as here~n requ~red to be carried on the improvements sitvate o~ the above described premises. C-Premiums on such mort3age guaranty ir.sura.,ce as mortgagee shalf fro:r. t:me to time deem fit to carry on tF,e toan secured herebq. Mortgagee sfiai) from time to leme not~fy morrgagcr writing of the amount due and payable he~eundrr and suth sum sfwfl thereupon be due and F ayable on the dve date of ~he next morohly payment and each successive month thereaft~r uctil mortgagee sha~l notify mortgagor of a cha~ge in such ovnt. Such sums sFa;l be app~ied by mortgagee towerd the payment of real preperty taxes, insurance p~em:um and morrgage guaranty insurance , ~emiums. . , IN WITNESS ~VHEREOF, the said MORTGAC,OR has hereunto set his har.d and seal ihe day ar firs f` s' Si9ned, Sealed and delivered in the presence ~~ED•4tt~ RfCOROED ~ ~ f ~G• ~ RFAt,?ORS sj. lUC~E COt1NTr FLA. ~ 4-c.~~. RGGcr _.~~,RAS ~ (SesO ~ l-..c RFCOR ~K n;c J~T COURT BY: P! ~~lft « vF. ,Ea ^ '~1TSST: n . C s an , Se zctary~~~n ~ e ~ ~ ~Sj ~'r~ - - - ~ ~ ~ 2'~1915 ~ ~ ~ STATE OF FLORIDA ,Q, COUNTY OF ST. LUCIE ~ • ~ ~ - ~r, ~ . - s 1 HEREBY CER7IFY, That on this 3~ day of- ~ecevbeY _ ~ 1pZ ~~7 ~M, ~ ~ ? ~?-t' Y ` before me personatly appeared John S. ?ierney Jt . and Heler~ N. ~.osi~pa,pt ~t k= ~ ~ . ` . • p . ~ respectively President and ~ Secretary p ~j=~ 1 . ; E Hoyt C~ Murphy, INC RBAL,T'ORS Flor ida . C - ' - , a 'Cor~~aQi~'r~,.-ib me ~ . . known to be the persons described in and who execuied the foregoing instrument and severally acknowledged the exQ- cution thereof to be their free act and deed as such off+cers for the uses and purposes therein mentianed; and that they 1 affixed thereto the official seal of said corporation, and the said instrument is the act and deed of said corporaiion. ; WITNESS my hand and official seal at Fort Pierce , said county and state, f ; This i~~tru.T,::n+,, prepared bf ~ ~ ~ / ` ` • $ ~I ~L[ G^' !~Z'i'L, _ i ~~~.L L~~ c•«L 5 J. H. Rober~~~ Jr. Notar Publit, i4_arx! for Stase and CouM aforesaid.- _ ; "irs+ ~'e~erai ~aving~ and IAan Y • ~ y - F L My Commissiorr Expires: ~ # ~~ocia.,ion of For+ Pierce, Z'lorida ~ _ ~ _ z ~ Checked By ? BDa( ~ ~ ~.~k~0 , _ - . ; . - - - - - ~ _ = . , ~ , t h_. . ~ . . = a°:~