The URL can be used to link to this page

Home My WebLink About2877 . ' 3. To placa and continuouiiy kfep on the buitd~ngs now or hereafter sit~ate o~ said land and on ail eq~ip~nznt and personally covered by tha mwtg• sgs, witb all premiums thrrcon pa:d in fuil, h~e insurance in the u~ual s~andard poRq form, in a s~m approved by the MORIGAGEE, and w~ndstorm ~~surance in the usual •~a~dard pot~<y form, in a tum approved by tF+e MORTGAGEE, in tuch company or companies ai the MORTGAGEE may direcl; and aN firo and w~ndsro~m ir.suronce policies oo any of sa~d build~nys, any i~terest therein or part thereo(, in the a89regete sum afwesa~d or in ~xcess Iherepf, shall contain the usual standard mwigagee dause w such o~her ctau~ ai the Monyagee may requ~re, msw~rg 1he lo~s unde~ sa~d poli- des, each and every, payable to said MORTGAGEf a~ its inrerest may appear, and each and every such pot~cy ~hell be promp~ly ass gnrd and delivered ~o an~ held by said MORIGAGfE as furthe~ security to said mo~tgage debt, ar.d, not leu tAan ten (10) days in advance of the expirat~on o1 each pol~cy, to da Gve? to wid MORTGAGEE a renewal the~eof, toge~he~ wi~h a receipt for Ihe prem~um oi tuch renewal; and thers thall be no fira or winds~o~m insuronce p~xed on any of said b~ild]ngs, any interesl therein w part thc~eof, unles~ in the form and with the loss payable as afwesaid; and in the eve~1 any svm of mo~ey becomes payable unde~ such policy or policies said MORTGAGEE shall have the option to receive and apply tfw s~me on account of'the indebt~d- neis secured heroby w to pe~mil said MORTGAGORS to receiva and usR it p any pd~~ the+eof for othc~ purposes, v~~tho~t th_rco~ wa~ving or impair- ing any equ~ty, lien or r~ght u~der a by virtue of this mor:ga9e; and in the event sa:d MORTGAGORS shall fo~ any reaso.ti fail lo keep the sa~d premises so insured, or fail lo deliver pranplly any of said pol~cies of insurarxe to sa~d AiORTGAGEE, or fail promprty 1o pay f~lly any pre~~~~um thereFo~ a in a~y re~pct~t 1ai! to perlwm, distharge, exewte, eHect, complete, comply with and abide by tbis tovenant, w any par~ h~~of, said MORTGAGEE may place a~~o pay iw such inwrence w ~ny parf thercof without waiv~ng w affecting any option, lien, equity, or ~ighf under w by virlue of this Mo~tgage, a~d the ; f~ll amount ot ezch and e~ery such payment shall be immediately due and payable and shall brar interest from ~he date thereof uniil paid at ~he rate o1 ~ n~ne pe~ cent~m per annum and to~r~Aer with such interest shali tx aecwed by the lien of thia mortgage. r ~ I. To permit, commit or suffer no waste, impairment w deterroration of said property or a~y pa~t thereof. ~I 5. To pay aIl and singular the costs, charges and expensas, ~ncluding a reawnable attaney i fee a~d costs of abstracts of ritle, incuried or pa~d at any time by said MORtGAGEE, because a in tbe event of thr faiiure on the pa~1 of the iaid MORTGAGOR to duly, promptly and fu~ly perfwm, d~xharge. :xecute, effect, complete, comply w~th and ab,de by each and every the stipvlations, agreements, tonditions, and covenants of said promissory note and this ,nw~gage any or e~~her, and sa:d costs, charges and expenaes, each and every, shall be immed~ately due and payab:e; whe~her w not there be no+~ce de~ mand, attempt to collect or suit pend~ng; and the tutl amount of each and every such payment sh~ll bea~ imerest from Ihe date thereof ~nti{ paid at the r.~~e of nine per cent~rn per annum; and all said costs, charges a~d expenses incurred w paid, together w~th such interest, shall be secured by 1he lien of thi~ mOrlgaga. b. That (a) in the event of any breach of this Mortgage or default on tF~ part of the MORTGAGOR, or (b) in the event any of sa~d sums of money herein refe~red to be not promptly and fuily padd wiihin iharty (30) days next after the same sevcra~ly become due and payable, without demand w noiice, or (cj in the event each arsd every the sfipuJations, agreements, conditions and covenants of aa~d promiswry note and th~s mortgage any or either are not iuly, promptly and fully performed, d~uharged, executed, effected, completed, compl~ed w~th and ab~ded `ay, then in e~ther or any such event the said ag gregata sum mentioned in said promissory note then remaining unpaid, with interest acc~ved, and all moneys secured hereby, shall become due and pay- ebie iwthwith, o~ therea`•ter, at the option of said MURTGAGEE, as fully and completely as ii all of the said sums of money were originally st~pvlated ro be pa~d on such day, anything in sa:d prom~sso?y note or i~ this Mo~tgage ~o the comrary notwi~hstand~ng; and thereupon or thueaftcr a~ the opi;on of sa:d MORTGAGEE, without notice a demand, suit nt law w in equity, thereiore w therea(te~ begun, may be prosecuted as if alf moneys secured hereby nrd matured pr~w fo its inatitution. 7. ihat in the eve~t tha~ at the beginn~ng of or at any time pending any sult upon this Mortgage, or to forectose it, or to reform it, or to enforce payment oi any daims harrunder, said MORTGAGFE shal! apply fo the Court having junsd~ction thereof fw tix appointment of a Receiver, such Court shall fcrshwith appoint a receiver of said mortgaged property atl and singutar, inctud~ng all and singu~ar the income, prof~ts, issues and revenues from whatever so~rce derived, each and every of wh~ch, it be~rg express~y vnderstood, is Aereby mortgaged as +f spec;fically xt forfh and destribed in the granring and h~bend~m clauses hereo~, end suth Receiver sFall have alt the bruad and effective funct~~ns and powers in anywise e~uusted by a Court to a Receiver, and s_ch appoi~tment shall be made by svch Court as an admitted ¢qu+ty and a matter of abso{ute right to said MORTGAGfE, and without re(erence to the aJequacy or inadequacy of the value oi the property morigaged or to the so:vency o? insowency of said MORiGAGOR w the deferidants, and ~hat s~,ch .enTS, pro(its, income, issues arx! revenues shall be applied by such Recei~er accord~ng to the lien or equity of said MORiGAGEE and the practice of such CcuA. 8. To d~ty, promptty and fully perform, discharqe, execute, effecr, complere, comply with and abide by eath and every the stipulations, agreements, tonditians and cover.anrs ~n said promissory note a~d this mortgage set forth. ~ 9. That in the event the ownarship of the mortgaged premises, or any part thereof, becomes vested in a person other. than the MORTGAGOR, the N.ORTGAGEE, its successws and aasigns, may, wiihout ~ot~ce to rhe A'ORTGAOR, dea! wirh such successw w successor in interest wiih reference to lhis mo~tgage and the debt hereby secured in the same manner as with Nlortgagor w~theut in any way vit~ating or d~schargi~g 1he Mortgagors' tiability herr ~r.der w upon Ihe debt hereby sec~red. IVO safe of the premises hereby mo~tgaged and no forbearance on the part of the l~IORTGAGfE a i!s sLccesso~s cr a:signs arx! no extens+on of the time fw the payment oF the debt hereby secured given by the MORTGAGEE or its successors w ass;gns, a~~all operate to release, dncharge, modify change w affect the o~iginal liab~li:y of the MORTGAGOR Fxrein, either in whole or in part. 10. It is specifically agreed that tSme is of the essence of th;s contract and that no waiver of any obligafion hereunder or of the obligatio~ se- cvred hereby shail at any time rhereafter be held to be a waiver of rhr terms hereof w of the instrumeM secured herby. ~ I1. fn ;dd:tio~ to the faego'ng month'y paymants of princ'pal and interest required by the promisscry no!e secured hereb~, mortgagor covenants ; a~ d agrees to pay to mo-tgagee wish each momh'y pay~. ent an add~~~o~al sum est~:*~ated by mortgagee to be equal to 1;' 12 of the annual cost of the foliow- ~n~: s i A-A~t real property tazes lev+ed or assessed agai•,st thc abave descr;hed real estate. B-Prem~ums on f~re and windstorm ~ns~rarce as ~erein requ~red to be ca~r+ed on the improvements situate on the above described premises. ~ C-Premi~ms o~ such mort~age guaran!y insura~~ce as mortgagee shati fro~n t:me to time deem fit to carry on the loan secured hereby. ' MorTgagee sha,t frorr, time to time notify morigagor ~n w~iting of the amovnt due and payable hereur~drr and such sum shall thereupon be due and ~.a~ak(e on ihe due date of the next a:onth!y payment and each successive month thereaher or.til mortgagee shall notify mortgago~ of a change in such e~ou~t. Such sums stia:~.b? aGp~~ed by mortgagee roward the payment of real property taxes, insurence prem;ums, and mortgage guaranty insurance ~ nremiumS• . - IN Y~ii~lE55 ~'~HE2EOf, the said MORTGAGOR has hereunto set his hand and seal the day and year first afar id. i - Si9ned, Seated and detivered in the presence of_ f~~EO ~hU Y.E^.uR0E0 F C~ONSTR ON OORP. ~ - ~ SLtUCIE ~01ikTY FIA. q e rC... .~,(.,e~ ~ ft0~~ - •'~Ii~AS BY: (Ses1) 4 - Ctf~x. t;UtT COURT Z r . e~t e _ . Rt'r~~:.;. y. :c,«y (sea~) _ ' S ' (Sealj i . . , - fES ~a ~_$9.~ +~aryl A. ~ell r, Secretary - ~ 2'7483~ ~ STATE OF FLORIDA ~ COUNTY OF ST, LUCIE ` I HEREBY CERTiFY, That on this u'~'~ day of__ Febzuary ~ q ~ ~q 74 ~ T ~ ' before me personally appeared ~ Hel ler and Ma ry2s A. Hellt'Z ~ ````silN111111//~~,I,; ~ ~ respectively _ President ar~d ^ Secretary ,o} ~T. PIERCE CONSTRUCTION CORP. Florida -:~~~~Q{'~r~Yon,'tp`~{nb ~ ; - a------ . . ; known to be the persons described in and v~ho executed the foregoing instrument, and severally~~dow~~~f~~,e~c~;w= j ; . ~j; . - cution thereof to be their free act and deed as such officers for the uses and purposes therein m6iiti~~jec~;t,and t~t tbey ; :s a, ~ affixed thereto _the official seal of said carporation, and the said instrument is the act and dee4~ ~d tor N~' - ' ' i~o ' ~~'••.....••P~. ``T t WITNESS my hand and official seal at Fort Pierce ~ , said county and state. ''~~,j This instrument prepared by ' J. H. Roberts, Jr. 1'~`-~-~ ~ - ; ~iZSt Federal Savings and Loan Notary Public, in and for State County aforesaid. ~ Association of ~ort Pierce My Commission Expires: No~a~y P~t~~:~, sro<<of ~to~aa ~ ~_.q. { My Cor.u;.,<_;ao Expiras Oc~. 30. i9~6 . Kf~ . , r rN . i iitl ~ . _ r. I~_. ; Checked 8y ~ s z r, = ._-i 223 Pac~2877