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Home My WebLink About2887 3. To place ar~~ ~ontinuovaiy leep on IF~e bui:d~ngs now or Aereaffer iir~are on ia~d land and on ail equ~p~nen? and personally covered by this mong- sgs, with ell pron:~um~ thereon pa~d i~ (ulf, hre insv~ance ~o the usual sta~dard polity form, in a s~m approvsd by the tdORiGAvEE, a~d wmds+orm ~nsur~nce in ihe ~suel s~anda•d po~~ty form, in s sum approved by ~he Mp2TGAGEE, in such tanpany or compan~es as ehe MORTGAGEE may d~~ect; and atl firs and w~ndirorm inau.ance poliuas on any of said build~ngs, any imerest therein or part lhereof, in the aggregate ium ~toresa~d or in ~xcesa thereof, ~!wll conia~n ~he usual standard matgagee clsu:e or such o~her c4ause as the Mor~gagee may requ~r~, making ~he io~a u~de~ sa~d pol+- ; des, each and eve~y. pay~ble to :a~d MORTGAGEE as ~~s inraresr mey appear, a~d each and every svch poi~cy shail be promptly sss gnad and de~iYered ~o ? eny hetd by uid MORTGAGEE as furihrr secvrity te said mortgage debt, and, not iess than ~en (10) days in advance oi fhe expirat~on of eac~ poGcy, to de- ' Iiver to said MORTGAGEE a renewal thereof, together wiih a rece~pt foc the prem~um of such renewai; end there shall be ra f~~e ar windi~orm insurance ~ p~~ced on any of said bu;ldings, any inte~cst therein or part thereof, u~less in the torm and wilh thQ loss payable ai afwesaid; artd i~ the eveM any sum ~ of money becomes payable under such policy or poGcies sa~d MORTGAGfE shall have the opt~on to receive and apply the sams on acco~nt of fhe indrbted- ~ ness secured hereby a to pr~mit aaid MOR7GAGORS to receive anc! u~e it p any pa~1 therzof for other puryoses, .vi~ho~t th_~tu~ wai~i~~g o~ ue+~ir ~ ing any equ~ty, lien o~ righ~ under w by v~rtue of this mor:gage; ~nd in the eve~~ said MORIGAGORS shall for any reason fail to kezp the said premisas so ; insured, or fail to dellver rom tl an of said Iicies oi insurance 1o saed MORTGAGEf, w tail 5 p p y y po promptly to pay fuity any pre~nivm the~efo~ or in a~y respect fai! to peafo~m, d~scha~ge, execute, effect, con,plete, comply with a~d abide by this tove~ant, or any part hereof, said MORTGAGEE may place anA ; pay for siKh insurance er any part thereof w~thout waiving or affectinfl any option, ::en, equity, w?i9ht undr~ w by virtue oi rhis ARortgage, and t1~e ~ full amount of eacA and every such payment shaN br immediately due and paysble and shall bear interest from the date thereof until paid a~ the rate ol ~ n~ne per cemum per annum and together wi:h such inter~at shali f~e secured by the lien of th~s mortgage. ~ 4. TO permit, commit or suffer no waste, impairment w deterioration of said property w any part the~eof. ! 5. To pay all a~d singular the costs, charges and expenses, including a reasonable a~twney i fee and costs of absrraces of title, incv~+ed or pa7d a~ eny time by u~d MORTGAG:E, because a in the event of the (ailure on the part of Ihe said MORTGAGOR to duty, promptly and fully perform, d~scharge. eze:utz, eiiect, complete, comply wi~h and ab:de by each and every the stipulations, agreements, conditions, and covenants of said promissory nole and this Tortgage any or eithcv, arxJ sa:d cosrs, charges and expenses, each and every, shall be immrd~ately dve and payable; whether w not there be not~ce de mand, attempf to collect or suit pend;ng; a~d the futl amount of each and e~ery such payment shall bea. infe.est from ihe date thereof until paid at the ..~~e oi nine per cent~m per annum; a~d all aaid costs, cha~ges snd expenses incv~red u pa~d, together wdh suth inrerest, shaN !x secured by !he lien of thi~ ~ mortgage. b. That (a) in the e~ent of any breach of this M.ortgage w default on tFc part oF the MORTGAGOR, w(b) in the event any oi said sums of money herein referred to be not promptly and fulfy paid within th~r?y i30) days ~ext aft~r the same severally become due and payable, wirhout dema:~d or nolice, or (c) in the event eath and every the stipuiations, agreements, tond;tions and covenants of sa:d promissory note and th~s mortgage any or either are not ~u!y, promptly and fully performed, d~xharged, executed, eliec~¢d, tompleted, complEed with and ab~ded 5y, then i~ either w any such eveM the sa~d ag- ~regate sum mentioned in said promiuory note then rema~ning unpa~d, with interest accrued, and a!! moneys secured hereby, shall become due and pay- eb!e forthwith, or therea(ter, at the option of said MORTGAGEE, as fully and completely as if all of the said sums of mo~ey we~e orginal~y :tipulated to be pa~d on such day, anytF.ing in sa:d pro•n~ssory note or in this Mwtgage to the contrary notwithstanding; and thereupon or the~eafter at the opt:on of sa~d MORTGAGEE, witnout nonce or demand, suit af )aw a in equity, therefore or thereafter begun, may be prosecuted ss if all moneys secured hereby r7d mawred pnw to its institutron. 7_ That in t6e event that at ~he beg~nni;iq of or af any time pending any su~t upon this Mortgage, w to fweclose it, or to refwm it, or to enfo?ce payment oi a~y ctaims hereunder, said A10RiGAGEE shall apply to fhe Covrt having jurisd:ct~on thereof ior ?he appointment of a Rece~ver, svch Court stiall fcrthwith appoint a r~eiver of sa~d mortgaged property al! and s~ngular, in~lud~ng ail and singu~ar ~he intome, profits, issues arNd revenue~ irom whatever scurce derived, each a~d every of which, ir being expressly unders~ood, is hereby morrgaged as if specif~cally sef fonh and described in the granring and h~bendum tlauses hereof, and such Receiver shall have all the broad and effect~ve funct~ons and powers in anywise entrusted by a Court to a Receiver, and ssch appoinfine«t shall be made by such Court as an admitted equity and a matte~ of absolute right ro said MORTGAGEE, and wittwul reFerence ro the aciequsq or inadequacy of the value af the p~ope~ty mongaged or !a the soivency er insoivenq of said MORTGAGOR or the defendants, and that such rems, profits, income, issues and revenues shall be apptied by such Receiver according to the lien or equity of said MORTG~GEE and the praUice of such CouA. B. To duty, promptiy and fuily perto~m, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants ~rt sa~d promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in a peryon other than the MORTGAGOR, the t:.7RTGAGEE,- its successon and assigns, may, without notice to the A!OR7GAOR, deal weth such successw or successor in interest wiih reference to this r~o•tgage and the debf hereby secured in the same manner as with Mortgagor w:thout in a~y way vitiating or diuharging ihe Mongagors' liaoilit~r herr ~nder ~ upo~ thp debt hereby secured. No sale of the prem~ses hereby mortgagad and no fo:bearance on the part of the IAQRTGAGEE or irs successois or aszigns and no exrension a! rhe time for the payment of the debt he~eby secu~ed given by the h10R1GAGEE or its successors or auigns, ahall operate ro release, d~scharge, modify change or affect the original liaokl~ty of the lNORiGAGOR herein, either in whole or in part. 10. It is spec~f~ca:ly egreed th~t time is of the essence of thia contract and that no waiver of any obligat~on hereunder or of the obtigat"an se- cvred hereby sha?I at any rime rhereaffe~ be he:d to be a waiver of the terms hereof or of tFx instrument secured herby. ~ 11. !n add:t:o~ to fhe forego ng r»ontn!y paym~nts of p~inc'pal and imerest requ~red by the promssery no!e secured herebq, mort~~gor tovenanfs i +^d agrees to pay to mo~!gagee v~~rh each +nonthiy pay~:ent an add:rioral wm est~mated by mortgagee to be eq~a~ to 1~'12 of the annual cost of the fotlow- i A-Atl rv.a! Fraperfy taxes lev~ed or assessed aga;•~st the above descrihed real estate. ` 8-Prerr.~u~ns on fire and w~ndsto:m insurarce as he~e~n requ~red to b+~ carried on the ~mrrovemeats s:tuate on the above dasciit~ed premises. C-Precnaums on such morfg~ge guaranty ~r.zurar:ce as mortgagee shali frem t:me to time deem fit to carry on the loan secured hereby. Mor!gagee shait from t~~ne to time ncrify mortgagor in writing of the amo~nt due and payable hereunder and such svm shal: thereupon be due and ,..j~able on rha d~e oa~e of the ne,et mo~thiy paym~nt and each successive month thereafter ur,tii ~rtgagee-shatl notify mortyagw of ~ti[hange in such a•,ovr.t. Such s~mc sF.a;! be applied by rnortgagee tov+ard the payment pf rea~ property taxes, insurante prem:ums, and morfgage g~f)rify inW?ante p~emium5• - ; IN WI1lJESS ~riiEREOF, tFe- said l110RTGAGOR has t+ereunto set his hand and seal the day and year first af esaid. ~ Sealed aad detivered in~t+tp~presence of; fILEU KEG'vROED ~ It Er CTION COMPANY : . Si.1t1~~i_ ~plJMTY FlA. BY. ~ / ~C.' s~an ` ° ~c~. ~ p~ 7ii1T~aS ' a s o , resldent F - CC~.:. : j:~ COURT (Seaq _ _ ~~L•-~~ ~ • ~ q r r t ' , ; • - - ! c~ _ ~~~TTESrT. ~ -GC ~ : - . (Sea~ ~ ~ ~ tF~ --y 0~ ~~l~ Betty - . bbedge, - _ ~tary ~q ~ r 2`748~1 ; STATE OF FLORIDA ~ COUNTY OF ST. LUCIE ` 1 HEREBY CER7IFY, 7hat on this llth ~ay of- Februaxy , A. D. 19 74 , f ~ before me personally appeared James A. Powell and ~tty J. CubbedQe ~ ` respectively as President and _ ~ Secretary-Treasuret , o{ Fait ~ Powell Construction Company a Florida Corporation, to me known to be the persons described in and who executed the foregoing instrument and severally acknowledged the exe- cution thereof to be their free act and deed as such officers for the uses and purposes therein mentioned; and that they affixed thereto the official seal of said corporation, and the said instrument is the act and deed of said corporation. ~ WITNESS my hand and official seal at Fort Pierce ` , said county and state. This instrument prepazed by ~ _ ~ J. Hal Roberts, Jr. . ~ - First Federal Savings and ~oe?n•~' Notary Pub(ic, in and for State nd County aforesaid. ~ Association of Rort Pierc~; ,Fl ~ic~i c~ 'My Commission Expires: i ~ 3~ . No1vry PubGc. 5loM of Ror'da a! Lorg~ ~ ~ f.1~. Com-~:ss~nn Eapires O:t. 1976 ~..C?_.+. 1-_~_ • , . 4 : F : ~ r..u~.iti G. i • ~ - ' „ ' ~ Checked By _ ~ ~ - 1 :.~.1 ~ \ i,,``~~ 1 r~~f~i 7~ ;~l~aa~~~ ~ E=r+ PAGF~OD / r, ' - _ ' ~ ~