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Home My WebLink About1380 3. To p~ece and tonunuo~siy keep on the bu~'.d~~'~9s now w hrrraNer ~~t~ate on sa~d land and on ell equipmem a~d penonally cove~cd by this mwtg- ye, w~th •11 pren~~ums ~hereon pa,d in luli, i~re ~nivra•:cc in tne ~s~al standard pot~ty lorm, i~ e sum appro.ed by the MORIGAGEE, a~~d w~~~dsw~m ` iniuran:e in the u~val •~anda~c! poLcy io~m, in s sucn approvrd by ~he MORTGAGEE, in such canpany or co~npan~a as ~he A10RTGAGEE may , direc?; end all li~e and w~nds~orm insurance polic~rs on ~ny of ia~d build~ngi, any interesl ~herein o~ pa~t ~hereoi, in ~he a99.e9~~e ivm •fores.+id or ~ ? In excess ~hereof, thill contain the uaual stand~rd inortga~ee ciause o? sucl~ other da~ie as ~he Mo~tgagee may reyu~ro, meking ~he los~ u~~der sa~~ polf ; t~e~, each and every, payable to said h1ORTGAGEE as n~ ineer.:st rnay epprar, ar,d each and every au:h pa:icy shafl br promptly ass gned a~}d dei~~•ered ~o ~ ~ any held by sa+d MOR[GAGEE a~ 1ur~her secvi~ty to said m~nge~e d.rti~, and, no~ less ~han ten (t0) days in adv.~nce of the e~p~~at~on of each pofcy, to da liver to said MORTGAGEE a re~ewal thereof, iogc~her with a rrceipf for the p~emi~m o1 such renewal; and ~here sha~l tx no f~re or w~~~ds~o~~n insvrance placed on any of sa~d Nuildings, any intrrest therein ot part thereof, unless in the form and with the Ioss payable as afo~esaid; ~~d in the event any ium of money becomes payable undei such policy w po~~uNS faid MORiGAGEE shsll have the opt~on ?o recaive and spply the same on accouro of the indebted- neu secured hereby or ro perm~~ sa~d MORTGAGORS ro receive ano ~se it w any part ~he~rof ioi ori~er purposes. .v~~ho~t th_~~u~ wc~~~ ~9 c. ~~+~pe~r- • ing any equ~ty, i;rn w r~ghl undcr a by vinue of this mo:'yage; a~d in 1he avenl sa,d MORTGAGORS shall 4or any ~eason fail to keep the sa~d prem~sef so in~wed, or fail to de~iver pr.vnpt~y any o~ sa~d poGcies of inaurance to sa~d MORTGAGEE, or faJ prompfly fo pay fuily any p~e~+~ium the~e+or w i~ a~y ~esMct fail to per~orm, d~scharge, eaecute, e~fect, comptete, comply M,i~h a~ ab~de by this covenant, o~ eny part he~eof, said MORiGAGEE may place and ~ pay (a such insurance or any part thereof w~~houl waiving or affecting any option, lien, equ~ty, or ri9ht unde~ w by virtue ol thit Mortgage, a~id the full amo~nt o1 each and every such payment shall br immediately d~e and payable •nd si+all bear interest from the date thereof until paid at the ~a~e o~ nine per c~nwm prr annum and to9e~her with such ~nte~est shail !~e s~~cured by the lien of this mo~tgage. To permit, commit or suffer no waste, i~npairment or deteriorat~on of said property or eny part Ihe~eof. 5. To pay all and aingular the cos~s, tharges and expenaes, ~ncluding a reasonable attaney's fee and costs of abstracta of fitle, incu~red or paid a~ any time by sa~d MORTGAGEE, because w in ihe event oi the failure on the pa~~ of the said MORTGAGOR to duly, pron~ptly and iully parfw~~, d~uharge. execute, effeU, complete, caoply w~th a~d ab.de by each and every thc atipulauo~s, agreements, condmons, and covenants of seid promissory note and ihis mortgage any or e~~her, and said ce~rs, charges and expenses, each and evrry, thall be immrdiately due artd payable; whe~her a not there !~e notice de ' mand, atlempt to collect or suit perxl~ng; and the (ull amount of each artd evtvy such payment shall bea~ interes~ f~om ~he date thereof u~til paid at ~he . rate o! ~~n2 per crntum per annu:n; and all said ccsrs, cha~ges and expenses incurred w paid, together w~th such interest, shall be secured by the lien of th~s mottgage. i 6_ ~+at (a) in the event of any breach of this Mortqage or default on the parf of the MOR7GAGOR, or ;b) in the eve~t any oi said sumf of monzy herein referred to be not promptly and tutly paid ~nithin ih:rty (301 days next after the same severatly become due and payable, wi:hout demand or notite, or (c) in thr eveM each and every ~he st~pularions, agreements, cond~~ions and covenams of sa:d promissory note and th~s mortgage any w ei~her are no1 ~uly, promptty and fuliy performed, d~scharged, exewtrd, eifected, completed, compGed w~ih and ab~ded 5y, then ~n e~ther w any such event the sa~d ag pregate sum mentioned in said promissory note then re~naining unpaid, with inrerest accr~ed, and all moneys secured hereby, shall betome due a~d pay- able forthwith, w thereafter, at ~he opt~on of sa~d MOR7GAGEE, as fully and comptetely as if ali of the sa~d sums of money were w~g~~ally st~pulated to be pa~d on such day, anything in sa'.d prom~ssory note or in this Martgage to the cororary not vi~hs?andmg; and thereupon a thereafter at the opt+on of said 14tORTGAGEE, withuut not~ce or demand, suit at law o~ in equ~ty, therefore or the~eafrer begu~, may be prosecuted as if all moneys secured hereby had matured pnor ta ds instrt~t~on. 7. That in the event ~hat at the beginn~ng of w at any time pending any suit upon this Mo~tgage, or to foreclose it, or to reform il, or to enforce payment oi any cia~rns he~eunder, said f.10RTGAGE~ sha(! appfy to the Co~r~ havir.g junsd~ulon thereof 1or fhe appo~ntment of s Receiver, such Court shafl (orthwith appo~nt a receiver of said mortgaged proprrty all and s~~gular, inctud ng al1 and singular ihe income, prol~ts, issues and revenves from whate~er source de.ived. each end every of whlch, it be~ng expressly understood, is hereby mo~tga9ed as if spec~fically set forth and dexribed in the graming and ~ habendum clauses hereof, and such Rece~ver ahall have ail the b~oad and effecrive func~~ons and powers in a~yw~se entrusted by a Coun to s Recziver, and such appointment shall be made by s~ch Cou~t as an admitted equity and a matter of absolute r~ght to said MORTGAGEE, and without re(erence to the adequacy or ~nadeq~acy of the value oi the property mortgaged or to the so:venty or ~nsofvency of sa~d MOR7GAGOR or the defendants, and rhat such renTS, proiits, income, issues and revenues shall be apalied by such Receiver accordmg to the lien w equity of said MOitTGAGEE and ~he proctice of such Cowt. 8. To dv~y, promptly and fulty per(orm, discha~ge, eaecute, effect, complete, comply wirh ard abide by each and every the stipulations, agreements, con~itions and covenan~s ~n sa~d promis:wy note and th~s martgage set torth. 9. ihat in the event the ow~ership of the mortgaged pren,ises, or any pa~t thereof, 6ecomes vested in a person other than the MORTGAGOR, the M.ORTGAGFE, its successors and ais~gns, may, withovt norice to the YORTGAQR, deal witt~ such successor or successor in interest ~viih refere~ce to this mo~tgage ar•d the debt hereby set~red in the same manner as w~th :Ltortgago+ without in any way vit;ating or d~scharging the Mortgagors" liability here- under or uFwn the debt hereby secu~ed. No sale of ft~e Frert;iaFs hereby mo~tgaged and no foroearance on the part of the /~10RTGAGEE or its successors w assigns and no eatension ot the t~me fw the payment of the deb~ he:eby secured given by the MORTGAGEE or its successors or ass~gns, s~all operate ro re~ease, d~scharge, mud~fy change or atfect the orig~nal iiau:~~ty of the MORIGAGOR hereirv, either in whole or in part. 10. It is speufically ag~red :hat ti~ne is of the essence of this contract and that no waiver of any obligatio~ hereunder or of the obligation se- ~ cured hereby shall at any time theieafter be he:d to be a wa~ver of the terms hereof w of the instrument secured herby. .•u~:rr~, 11. In atid:t:ua !o th~ forego'»9 rnor.thly pay~n_ms ot princ pal an~ imeres~ requ~~ed by the p~om~swry no!e secured hereb~, ma~lgbtjor covensn)s and agr_es to pay to mo•tgagee vvith eath momhly pa~~,~ent an add~~ional sum esf~mated by mortgagee to be eq~ai to 1.'12 of the annuat cost ~f thi 4ollow-' ing: - ~ ~ . . ~-..~Rr~ ~ • ~ A-A!I real propcrty taxas lened or assessed agai :st thc above dezcribed r_al estate. : , P • g--Pmrr.~u•ns on f~re ar.d wir•dsrorm ~ns~rarce as nercin .eq~~;red to br ca~ried on the ~mprovements situate on the above daitri~£d.premis~, C--Prerriums on such mortgage guaranty irs~rar.ce as mo+tyagee sna~l ircrn t me to time deem fit to carry on the loan set~:ed, Aoreby. ~ Mortgagee sha!I Erom hme to time nc~ify mcrtgagor in wnting of 1he a:r•ount due and payable hereunder artd such sum sha11 ifjeiedpo~ b~.due dnd payable on the due date ef the next month!y payment and each successive momh thereafter ur,tii mcrtgagee shall not~fy mortgagor e~ a[hange in such amount. Such sums shail be app~ied by mortgage.~ towaid the payment of real property taxes, insurante prem:ums, and mortgage ~rdrtty~ {nsurance prem~ums. • % ' . r'. . •:N. , IN Y~iTNESS WHfREOF, the sa;d MORTGAGOR has here~nto set his hand and seal the day and year first aforesaid. $;gned, Seated and delivered in the presence of: • BVI~jOE I~• , ~ i ~u~- (Lal) F~~Ep AHD REC~RDE~ ~ gy; Ar~-L. Signore ~ res dent a~~ ; . C~c COUN r FLA. CGEP .°~1~jRAS L (S~aD • CIERR C~r~U~T CQURT ATTEST: • Z(Seaq ~ p vERIfIF~ - - - - ~ 1~ 4 0l PM'T~ 2~QQ'75 STL~TE OF FLORIDA COUNTY OF ST. LUCIE ~ I HEREBY CERTIFY, That on this ~!'1 day of_-___-_E1p~il .;`~?:D. 19_.Z4, ~ before me personally appeared Nrline L. Signore and David -J. ParrelYo ~espectively _ President and -Treasuret J ~ :of` . ~ A• L•_~_._Builders, Inci__ a____Flori~______ Corpprati0ii; fo rr?e known to be the persons described in and who executed the foregoing instrument, and severally acknbwlec~gec~~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 sa~d corporation, and the said instrument is the act and deed of said corporation. i WITNESS my hand and official seal at Fort Pierce , said county and state. This instrument prepared by ~ Gary F . Ellwood ~ - First Fedezal Se~vings b Loan Notary Public, in and for Stat and County aforesaid. Association of Fort Pierce My Commission Expires: ~ p. 3 O•'~ b Checked Byp~' - saa~ 226 F~~~f 1379 SA c<. ~s ~ - - _ : r ' _ - ~ - ~ ~ - ~s,~ t''"; °"~e ~ _ _ _ . . . . < _ _ _ ~:.T-W.,`~°`: