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Home My WebLink About1828 i 9. To plac~ and cootinuously k~sp on ~?K bu~'d~~gs ~ow w Mreafta sitv~H on sud I~nd ~nd on +II equ~p~neot and per~on~liy covered by th~s mae~- ~ ~fl~, w~th al) premiums thercon pa~d in full, frte insurante in ~M uiual aiandud policy tam. i~ •~um approvtd by the MOR(GAGEE, and w~nds~am . E in~unnc~ in tlw uswl ~tandard pol~cY fpm, i~ a sum appro~~d by tM N10RIGAGEE, in auch ca*~pany or coma+~~es +f !M MORTGAGEE m~y ~ dinctt ~nd ~11 ('u~ u+d w~ndstorm insu~ance poliue~ o~ any of ssid buiid~~pi. ~ny inte~esl tl~tin or p+~t thereol, in the aggte9a~e sum atwesatd o~ i~ exc~sf ~heraoi, ~hs0 conuin ~M usual sta~dard ma~g+9e~ ciause w such o~he. clauw +s tM Matpay~e may requ~~~. mik~np ths loss unde. •a~d polF , cie~, each snd'every, paYabte ro a~id MORTGAGEE as its in~e~est may sppeaD ~~d each and every such poi~cy shaii b~ prompNY +ss gned a~d detivered to . ~ny he{d by said MORTGAGEE as (urther secu~ity to said mort~aye debt, and, not k» than 1en (101 days in advance of the expirat~on of each pol~ty, to d~- Hvar to said MORTGAGEE a rsnewal thereof, to~e~her with • ~ecespt fo~ the pr~mium ot such rene+val; and thero shatl be no f~re or windstoun insurar+c~ plxed on any of said buildings, +ny interest Ihereie' or psrt thereof, unless in the iwm snd with the loss payable a~ a(«eiaid; ~nd in the event any ium , ~ of mon~y becomes payable u~de~.such policy w polxies uid MORiGAGEE shall havs IM opt~on Io rece~ve a~d apply ths same on accoum of ~he indabted- neu setu~ed he~eby or fo ptrmit ~sid MORiGAGORS to receiw and us~ i1 w any part 1he~col fw other pu~posrs, v~ithout tha~co! war~~ng or ~mpair• • ing ~ny eq~ity, lien or riyht ~nda or by virtue of lhit mwty+~e: +nd ~n ~he ~vent said MORTGAGORS shall iw any reason fail to keep the sa~d premises so ~ insured, or f~it to deliver promptly any of said polKies of insurance to said MORTGAGEE, u~ fail promptly to p+y fully ~~y prcm,um tt~erefw w in a~y • re~pect fail ro per(am, discMige, execute, effect, compkte, comply with snd abids by tha cove~ant, w ~ny pa~~ he~eof, ssid MORTGAGEE may.plsce and pay fo~ such iniurance w ~ny p+rt thereof without weivinp w afiediny any option. lis~, equ~ty, or ripht unde+ ot by virtuf of this Mwegage, and the full amounl o( eacA and every such payment thall be ~~++~*~ed"utely dw end p+yable a~d shall bear i~te~es~ from the date ~hereof until paid at the rate o1 n~ne per centum per annum ar?d toge~her with such ioterest shatl be aecured by ~he lien of th7s mwtgage- To permi~, commit or suf(er no wasts, impairmeN a deterioratio~ of u~d p~ope.ry or any parf thereof. S. To pay +II and sirgular the costs, chuges and expenus, inctuding a reasonable attorney i fee +nd costs of abstradi of title, incvrrcd w pa~d ~t ~ any time by said MORTGAGEE, becauu w in the event of the fallure on tM p+n of the said MORTGAGOR 1o duty, promptly and fully perform, d~uharge. execute, effect, comp=e~e, comply w~~h and eb:de by each and every the stip~larrons, agreements, conditions, and covcnams of said prom~ssory note and ~his i mortgage any w either, and said cosn, charges and expentes, each and every, shall be immediately due and payabte; whethe~ o~ not there be notice da mand, attempt to colkct w wit pending: and tM full smovnt of each and every svch payment ~hall bear interest from Ihe da~e thereof until paid at the rate of nina per centum per arnium; and ali aaid costs, charges and e:penses incurred or paid. ~egetFu? w~th such inte~esl, shall be securcd by the lien of thi~ nwttga9e. 6. That (a) in the event of any breach of this Mortgage w default on ihe part of the AlORTGAGOR, a(b) in the event any of sa~d sums of money herein referred ~o be not promp~~y and fully paid wifhin th~rty (30) days nex~ af~er ihe same uveratly become due and payable, wi~hou~ demand or no?ice, + ar (cJ in the event each and evary the stipulations, agrcemeMS, cood~tions and tovenaob of sa[d promissory note and ~hb mortgage any w eithet are not f ~uly, prompdy and fully performed, d~uharged, eaecuted, effected, completed, comp~~ed with and ab~ded Sy, then in eitFxr or any such event the said a¢ i gregste wm mentioned in said promisaay note then remaining unpaid, w~th i~terest ucrucd, and all moneys secured hercby, shall become due snd pfap able fwthwitA, a thereaftei, at the option of said MORTGAGEE, as tully and completely as if all of the said svms oi money were w~g~na~~Y st~putated io be paid on such day, anything in sa~d promiuory note or in this Mortgage to the contrary notwithstanding; and ~hereupon w thereafter at the op~~on of said MORTGAGEE, without notice or demand, suit at law w in equity, therefwe w lhereatter begun, may be prosecuted as if all moneys secvred hereby had maturcd pnor to ~ts institution. 7. That in the event that at the beginning of or at sny time pending a~y s~it upon this Mortgage, or to foreclose it, w to retorm it, or to enforce payment of any claims he~eunder, said MORTGAGEE shall apply lo ihe Cour1 having jurisd~ction thereof for the appantment of ~ Receiver, such Court shall Forthwith appoint a receiver of said mortgaged property ati and singuler, includ~og all and singular ~he income, prof~t~, iss~es artd reve~ues {rom whatevtr sovrce derived, each and every oF which, it beirg expressly unders~ood, a herrby mortgaged as if speciiically srt fath and dewibed in the granting and habendum ctauses hcreof, and such Receiver shall have all the broad a~d effective funct~ons and powers in anywise entruated by a Court to e Receiver, end t~ch appointment shall be made by such Cou~t as an adrnitted eq~ity and a ma~ter of absolute right to said MORTGAGEE, ~nd wlrhou~ reference ~o the adequacy w inadequaty of _the val~e oi tFx property mortgaged or to the so~veocy o? ~nwlvency o~ uid MORtGAGOR or the defendants, and that such renii, p~ofits, income, issues and revenues shall be apptied by such Receiver accwding to the lien w equity o( sa~d MORiGAGEE and the practice of such COUff. 8. To duty, promptly and (ully perform, dizcharge, execute, effect, complere, comply with and abide by each aad every the st~pulations, agreements, conditions and covenann in sa~d promissory note and this mw~gage set fo~th. 9. That in the event ~he ownership of the mo~tgaged premises, a any part thereof, becomes v~sted in a perwn other than the MORTGAGOR, the h!ORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such succeuor w succeasw in interes~ with refere~ce to this mortgage and ~he debt hereby secured in the same manner as with Nbrtgago~ withaut in any way vitiating w d~xharg~ng 1he Mortgagors' liability herr under or upon the ciebt hereby secured. No sale of the premises hereby mo~tgaged and no forbearance on the part oi the MORiGAGEE or its successors or assg~a and no exter+sion of the time fa the payment of the debt hereby secu?ed given by the MORTGAGEE or ~ts successors w auigns, s~`ia~l operate ~ ~o release, discharge, modify change o~ affect the original liab~lity of the 1NORTGAGOR herein, either in whole w in pa~~• ~ 10. It is spec~fically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or o1 the obligstion sr . cured hereby shalt at any time thereafter be heid to be s waiver oi the terms hereof or of the instrument secured he.by. z 9 11. In add:tion to the fwego:ng monthly payments of princ'pal and interest required by the promissory note secvred hereby, mortgagor covenants ~ ~nd agrees to pay to mo»gagee w~th each monthty payment an add~rional sum est~mated by mortgagee to be equa~ to i: 12 04 the annual cost of the follow- in~: A-AU rea~ property taxes lev~ed or assessed agaiast thc above described real estate. B-Prem~ums on fire and windstorm insu~ar.ce as herein requ~red to be carried on the improveme~ts situate on the above described premises. C-Premiums on such mortgage guaranty ir.surance as mo~tgagee shail from t:me to time deem fit to carry on the foan securod hereby. Mortgagee shail from time to time not~fy mortgagor in wr~ting of the amount due and payable hercunder and such sum_ shaY~~ eupo~ be due and F ayable on the due date of the next monthly payrnent and each successire month thereafter ur.til mortgagee sha11 notify mortga9o ~of~A? ~n such a nount. Such aums steall be applied by mortgaqee toward thepayment of real property taxea, i~surance prem.ums, and guar k?fvrance _ . a~ ~s~ ~ s :;-emiums. • ~ IN WITNE55 Y1+HEREOF, the said MORTGAGOR has hereunto set his hand and eal the da,y arv~ a first af~~. ~ gned. sealea a ae~- e.ea ~n the presence or: B~CHMAKKr Ril~2 ~ ~ RATBD ~ BY : ~ . ~ ~ ? - • 1t s • fllEd ~+i ~ K~CURDED VQ- - , • . ;4 . ~uc~e ,ou~+rY F«. ~ ~ RGG~:k ?8!lBAS ATTEST'• c. ! G - -A• L_: - ~ - f ~ n ~ i ness CLE~'K Lt~.~~tt C3URT ~ • • _ . ~ - _ 3k ; Y:~ •`":ED..~...~..-» ~ u ' r5eaq- - ~ - - - - - - - =if'/~~'~s ~...--~~..~t,r. ~ : ~ ~ r~ i~ ~s~ , ~ 28U392 ~''~J ~ ~ 1'~~`~~ ~ ; ~ ~ ~ . ~ STFaTE OF FLORIDA COUNTY OF ST. LUCIE ~ I HEREBY CERTIFY, That on this -~'~-day of Ap=i 1 , A.D. 19 7`~ , ~ ~ before me personally appeared Vernon C. Rhinesmith an~ G. B. HutChinSOn ~ respective{y President and Secretary - , of ~ ~3F~iC. t~l~ARK _CONS2R[~?TON ~trPANY, INCORPORA28D Florida _ ~ _ _ _ a Corporafion, to me ~ known to be the persons described in and who executed the foregoing instrument, and severally acknowlebgerl,the exe- _ cution thereof to be their free act and deed as such officers for the uses and pursoses therein mentiot~ed;"and tH~t ~they,- - ~ i . h; affixed thereto the official seal of said corporation, and the said instrument is the act and dee6i:'of',said%~oGirpor8~'joi~.~ ~"i t . Luc ie Florida " ~ WITNESS my hand and official sea at Fort Pierc~ ~ , said county and state.: L~ r_ , ~ Thi s instrument prepar~ by Gary woo - . _ • irst Federal Savings_and Loan ~ U:'• L~ G'.' § ~ssociation of Fort Pierce ~ ~ ~ otary Public, in and for ate and C6Krft~~afor~s~ic~~;= My Commission Expires: .L~,L f~'~j/~i"J'rf _ _ NM,~, I~it. il~l..i ~idO ti_ ~ ~ L c ~r C~ion E~ina f, tf7f z=~ - . y~~r ~~.a br. ~..~sw^ w. a c~~r ~ ~ Checked By ~ ;~f_ f ~z, a~226 ~~8~27 - _ ~ - - - ~ ~ ~ w~ - - ,.r~,.~~ _ _ _ - _