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Home My WebLink About0613 3. To place and co~+~nuously kcep on the bui!d~ngs now or hereaiter fi~~~fe on said ~and and or+ a!! cp~ip~rxnt arxl {xrsau~~Y covered by thif morig- sy~, wilh all premiumi lhercon pa~d in full, tire insuranca ~n the usvai su~riard policy iwm, in a aum aFpro.ed bY the MOR~'vAGE., a~~d w~~*rh~am insurance in Ih~ usual standard pot~cy fam, in a sum approved by The MORTGAGEE, in such canpany or carr,an:es as ihe MORiGaGEE may diractt and all (ire and w~nd~torm insuronte po~~ues or? +ny of u~d build~~ps, any inttres~ there~n or pan thercof, in the agg~ryare sum afaesa~d w in ~xces~ thereof, ~Aall contai~ the usual sundard mortgagee clause w such oeher ctauss ~s the MatQ~gee may ~eq~.ro, ma?~n~ ~1x ~ess ur+dr~ s~~d pol~ cies, e~ch and every, payable ~o said MORTGAGEE as its inrerest may appear, snd each and eve~y such pc,:~cy sha!! be prompfly a~s gnrd and de~ive~ad ta any held by sad MORiGAGEE as fw~ha iecuriey to said mortgage dabt, and, no~ leu ~han ten (10) days in adva~xe of ~hr eap~=at~on of eacA poGCy, to d~- ~ liv~r to said MORTGAGEE a ~enewal thereof, toge~her with a receipt fo~ the premium of such re~ewal: and ~here shail be ~+o f~~e or w:~:is~o~+.+ ins.•r+nce - 4 plac~d on any of sa~d buildings, any interest therein w part Ihercof, ~ntess in the form ~nd with the loss peyabk as a(aesa~d; and in ~he event any sum ~ of mon~y becwnes payable ur~ such policy a policees said MORTGAGEE shall havs the optlon to ~cceive and apply the san+e oo +aou^~ o~ ~he ~^d~bsed~ ' ness secured hereby or ro permit said MOR~GAGORS to receive and us~ it or any pait thereuf fa otr~er H~rposes, w.tho.:t ~ha•~oi wa~.~y o~ ~~+~.~a~~- ~ ing any p~~ty, lien w right u~der w by v'utue oi this mo:tgage; ~nd in ?he event sa:d 1NORTGAGORS shall fa any reason ia~l to keep ti+e uid prem~sts so ~ insu~ed, o~ fail to deliver promplly any of said po~~cies oi insu?ance 1o taid MORTGAGEE, o~ fa~: promp~:y to pay fu<ly any prem~um therefor w in any respect fail to perfam, d~scharge, execu~e, effect, complete, comply wi~h ~nd abide by this covc~am, or any part hxeof, sa~d MGRSGAGEE mar p~+ce a^d pay (or such insurance or any part thereof without waiving a affecting any option, lien, eqviry, o~ right under o+ b1 v~rtue o~ this hlptcJaQe, and t?~e full amount oi each and every such payme~t shall be immediately due and psyable and shall bear inferest from the da~e thcreof un~il pa~d at the ~a» ol nirw pe~ centum per annum and to~ethe~ with such interest ahail be srcured by the lien of this mo~tgage. 4. To permit, mmmit or suffer no waste, impairment a deterioration of said property p any part tfiereof. 5. To pay all and singular the costs, charges a~d eapenxa, including a reasonable attoroey i fee and cosn of abst~scts o( t~fie, incurred w pa~d at any time by said MORTGAGEE, because a in the eve~t of the lailuro on the part of tF+e said MORTGAGOR ro dviy, prompdy and fu!iy pe.iam, d~xharga execute, effect, compkte, comply with and ab~de by each and every the stipulat~ons, agreements, cond~t~ons. and covenann of ss~d prom;:swy note and ~h~s mortgage any or either, a~d sald costs, chuges and expenses, each and eve?y, shall be immed~ately due and payab!e; whe+her a not t?iere be ~wr,ce d~ mand, attempt to cotlect w suit pending; and the full ~unt of each and every such paymeM shall bear iroFrest from ~he dare thereof u~~it pa~d ?he rate of nine per cenwm per annum; and alI said cos+a, ch?rges and expeoxs inturred w paid, together wdh such interest, shail be secured by the I~en of th~s t ~ mortgaga ~ 6. That (a) in the svent of any breach of this Mortgage or defauft on the part of the ~~ORTGAGOR, or (b) in the event sny of satd s~a.~ney ~ herein referred lo be nof promptly and fvily paid within thirly (30) days next after the same severaily bctome due and payabSe, witho~deTiyf:d w no~Ke. ; or (c) in the event each and every the stipulations, agreements, cond~teons and covenants oi sa~d promisswy nore and th~s mwrqaye u+y o~ e~~i+er a.e not } ~uly, promptly and fully performed, d~scha~ged, exetuted, effeaed, completed, compl~ed with and ab~ded Sy, ihen in r.~he~ w u~Y such event the sa~d ag gregate sum mention~d in said promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, sha~1 become d~e ~+d p+r abte fwthwith, or thereafter, at the option ot said MORiGAGEE, ds fully and completely as if all of the sa~d sur+u of money were org~na:~y s~~pu:ated to be paid on such dsy, anything in sa:d promissory note or in this Mortgage to the contrary notwithsisnd~ng; and the~eupon or thereaher at rhe op~~a+ of said MORTGAGEE, without not~ce or dema~d, su~t at law or in equi~y, the~efore a thereaf~er begun, may be prosccuted as +f a11 morxys secured herebY had maw~ed pnw to ~ts institution. ~ That in the eveM that at the beginning of w at any time pending sny suit upon this Mwtgage, or to fo~edase it, ot to rcform it, w to enfwte payme~t ol sny claims hercunder, said MORTGAGEE shall apply to the Gour~ having jurisdSction thereof for the appo~nrmem of a Rece+ver, s~ch Gourt shall forthwith appoinf a receiver of said mortgaged property all and singular, includmg ai! and sing~iar ~he income, prof~ts, iss~cs ard revenvea from wharever s source derived, each and every of which, it being expresstv unde~stood, is hereby mw~gaged as if spcaficaily sN fwth snd dexribed in the g~anr~ng u+d ; habendum clauses hereof, and such Receiver shali have all the b+oad and effective funct~ons and pw`era in anyw:se e+~trusted by ~ Cou~t to a Recairer, and ' s~ch appointment shall be made by such Court as an admilted equity and a matte~ of absolute r~ght to said MORTGAGEE, and without reference to the adequaty o+ inadequacy of the value of the property mortgaged or to the w~verxy or insolvency of u~d MORiGAGOR or the defendants, and rFut such renrs, profits, income, issues and reve~ues shall be appl~ed by such Receive~ accord~ng to the lien or eq~~ty ot sa:d MORTGAGEE and the pracr.ce ot wch CouA. 8. To duly, promptly and fully perform, d~schacge, execute, eifen, complete, compfy w~th and ab~de by each and every the stipulationa, agreemena, ~ conditions aod covenams ~n sa~d p~omissory nofe and this mongage set forth. 9. That in Ihe evenf the ownership of the mortgaged premises, w any part thereof, L^ecomes vested in s person other than the MORTGAGOR, the MORTGAGEE, its succeuors and assigns, may, without notice to the MORTGAOR. dea! w~th such successos ar wccessa~ in interest wifh reterence to this mor~gage and the deot hereby secured in the same manner as w~th Mo:tgagor without in any way vinating or d~uharg:ng the Rto~~ga9ori liability Fkrr under w upon the debt hereby aecured. No aak of the premises hereby nwrtgaged and rw fwbearance on the part oi the MORiGAGEE w in successors or assigns and no extensio~ of the time fw the payment of the debt hereby secv~ed given by t(x MORTGAGEE or its tuccessors os ass~gns, a~all operate ro release, d~uharge, modify change or affecl the original liabil~ty of the MARiGAGOR herei~, either in whole or in par1. 10. It is speufically agreed that time is ol the esse~ce of this con+~ad and th~t no waiver of any ob~~gat~on hereunder or of the obigation st cured hereby shali at any time thereafter be hetd to be a waiver of tfie terms hereof o~ of the instrument secured herby. t 11. In add~t:on to the forego'ng monthly paym~nrs of princ'pal and inferest requ~red by the prom~ssory no~e secured hereb/, mortgagar cwenants ~ and agrees to pay to mortgagee with each mavh~y pay~nem an add~~ional sum est~mated by mortgagee to be eqval to 1,: 12 of tioe a~~ual cost o! the follow- ~ ingc ~ i A-All real property t~xes levied or asseszed againss the aoove dexribed real estate. ~ I B-Prem~ums on fi~e and windstorm insu~ance as herein requ:red to be carried on the imgrovements s~fuate on the above deu~~Sed premises. ~ ~ C-Prem~ums on wch mortgage guaranty insurar,ce as mortgapee shatl fre,n t~me to time deem fit to csrry on the ban secured hereby. ~ j Mortgagee shall from t~me to time norify mortgagor in wr~ting of the amovnt due and payable hereunder and such su-n shail thereupon be due and ~ payab!e on the due dare of the next monthly ,~ayme~l and each successive ~nonth thereafter ur.til mortgagee shall notify mortgagor of a charge in such f amount. Such sums sFa;l be appiied by mortgagee toward the payment of real property taxes, insursnce prem.ums, and morigagr guaraniy inswante piemiums- . ~ IN WITNESS WHEREOF, e said TGAGOR has hereunto set his hand and sea! the da a r first afwesaid. a a eliver in the esence of: ~R 3 0 AMO RECOROE~ ~ BY ~ _ . UC1E COUMttf Fl . A. Pow 11, Pres dest _ OGER FO~T COUtIT ~ an r~~~ RK CIP.CU ~ ATTBS2: a~ a ~ YERFf~EO tt b etas D ; - - ~ }5- -~-4? ~~l~- _ - - Tr~asus~r- 2`795~'7 ~ STATE OF FLORIDA. ~ COUNTY OF ST. LUCIE • I HEREBY CERTIFY, That on this day of _ Ap=il 1 , befo~e me personally appeared -~a'~~ A. Powell and gett J. C j~j, ; ` y : jI•. : respectively a?s President and - Secretary ' -J:`~. ~y Y; ~ Fair b Pwrell Construction Codpany a Flozids t ~ qo~~~~a~~' ~ - d . ' known to be the persons described in and who executed the foregoing instrument, and sev~r y at1E~#~~~ed t~ g~ cution thereof to be their free act and deed as such officers for the uses and puqoses therei3 ~i?~n1~abM1~d! 8rtdl..?f~at ~ey affixed thereto the official seal of said corporation, and the said instrument is the ad and ~det'~1 ~of said•~6c~Qr'ation. . . a. ; ~ ' WIINESS my hand and official seal at Fort Pierce , said county and state: ~'~~;:'.r;:,,:.~~`'~ - 7his Instzuaent Prepared by J. H. Robezts Jr. ~ir t Fg~ eral S~yinqg & L.oan Association - of ~t. PierCe~ lo7cSOa Notary Public, in and fo~ State and unty aforesaid. ~ My Commission Expires: l 0• 30 •'1 b ; z~ ~a Checked By ~ ° Q ~6 Pa~ ~~3 - ~ v~~ 8001( _ . ~ dz . - - - _ - ~ - - ~r, _ . _ _