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Home My WebLink About0294 3. To p1~c~ a~d continuouily kesp on th~ bui:d~ngs now or Mreaiter ~ituate on ~a~d land and on +II eqvip~nee+l and ptnon+lly cov~r~d by this mat¢ eys, with all pr~miums thereon pa~d in (u~~. fire insurante ~A tht usual iundard E,o~Ky form, in • ium app~ov~d by the MORTGAGEE. ~~d windttorm ~nsur~nc~ In tM uiwl ~randard pol~cy fam, i~ • w~n +pprovad by the MORiGAGEE, in tuch company or tomP+^~~s +s ~M MORTGAGEE may i~. direc~T ~nd all fire and wi~dt~orm insura~ce ~olic;ca on sny oI iaid build~nga, a~y intere~t thettin o~ parl therwf, in IM ayy~ey+~~ tu+^ ~fa~i+~d a • ~n excess ~I~rreof, shall con~ain 1M usvsl s~andard mo*~g~e~ clause o? such othoi dause ss ~M Matp~ maY rpu~ro, m+kinp th~ loss ~nde~ s~~d Pd~ cies, each and every, payab~e to said AtORiGAGEE as ~ts interrst may ~ppear, arxl each and eve?y ivch poiicy shall be prompl~Y ass:yned ~nd delivered 10 eny held by said MORiGAGEE a~ furlhe~ seturity to said n,ortyage deb~, and, no1 leu than ten (101 dayi in advant~ of IM exp~ratiot~ of each polity, to d~- • Ilvcr to said MORTGAGEE a renewai ?hereof, to9~th~r with a ~ece~pt fw ~he p:emium of such renewsl; and thero ah~il b~ no iire o~ windstwm i~fur~nce ~ placed on any of said b~ildinys, any interest lhert~n ot put thereof, unles: in ~he form and with Ihe lou paYable ~s atore3aid; +nd in tht tvent any sum ~ of mon~y becon+as p+yable under wch polity w pe~rc~es uid MORTGAGEE shall have fhe optip? ~o receiw and ~pp1y 1M suoe on acca+^~ o~ i^d°b~°d' l neu secured hereby or ~o pe~mit •aid MORTGAGORS to reteive and uss it o+ any pa~t therc~bf for othc~ purFuses, without Iharcb/ waivi.ig W ~m~~~' y ing any eq~ity, lien w right uMk? o? by vi~tue of this mo:cgaye; and :n rhe even~ sa~d A10RTGAG(i~S sha11 fa any reason fail to keep the s+~d P~em~ses so ~ns~.ed, o~ fail to delivm promP?IY a~Y of said pol~ues of iniurar+ce ro aa~d MORiGAGEE, or fail promptly to p~y iulty sny p~emium tlx~efw a ln ~~y respect fail to per(o~~n, d~xharge, execute, effect. ca~~ple~a, comply wiih and ab~de by thts covenant, or any part hereof, sa~d MORTGAGEE may pl~ce +nd pay (w such iniuronce w any parf thereof w~thout waivin~ a affectinp anY opt~an, tien, equ~ty, or right unde~ w by vi~tue of thii Matgags and Ihe f~ll amounl of each and every such payment shilt be ~m~nedutety due and payaLlu anci shall brar interest,from the date ttx~eof until paid +t 1M rate of n~~~e per centum per annum and to~ether w~th such interest shali be secured by the Gen of this mort9sge. 1. To pe~mit, commit w sufter no wasts, impairment w detr~iorat~on of said propc~ty or any pa~1 thereof. 5. To pay all and singutar the cos~s, charges and expenses, inciuding a reasawble artorney i fca and costs of abstracts of titl~, incurrad or paid ~t nn~ time by said MORTGAGfE, beteuse or in the event of the faiture oa the part of 1he said MORiGAGOR to~dufy, promptly and fully per}wm, dixhs~ge. ~ :,~ecute, effect, complete, comply w~~h and ab:de by each and every ~he stipulat~ons, aqreemeots, conditions, and covenants oi said prom~swry note +nd tha i ~~orrgage any or e~fher, and sa d cosh, chsrges and expenses, cach and every. shall be immediate~y due and psyable; whetFw~ w not there be notice da ~ ~,end, attempt to totlect w suit pend~~+g; and tha full amount of each and eve.y such payment shall bear inte~est from tM date thHM} until paid at the ~~~r o~ nine per cznt~m per annu:n; arw+ a11 said ws+s, uw~ges and eapenses ~ncu~red or pa~d, ~ogether w~~h such interest, shall b~ securad by the lier~ of this ~ t TJ(~9M~@. 6. That (a) in the event of any breach of this Mwtgage w defautt on the pa~t of the MORTGAGOR, o~ (b) ~n ~he s~e~t any of sa~d suma of money i herein referred to be not promptly and tutly paid wi~hin thirty (30) days ~exl a:ter ~he sa+ne severa~~Y beca++e due and payable, withoul dsmand or notite, ~ cr !c) in the eve~t each and every tFx stiputations, agreements, conditions and covenants of sa;d p?omiuory note and thb mortgage aey w either are eol i i:,;y, promptfy and fuily performed, d;xharged, execuied, effeued, comp?eted, cempiied w~th and ab~ded ~y, then in either w any ivch eveot ths sald +g- g~egate sum mentioned in said promissory note then remaining unpaid, with interest accrued, and atl moneys setured hereby, iha~l become due a~d pay- aa ~ ior~hw~th, or thareaieer, at the option of sa~d MORTGAGEE, as fu71y and compiete~y as ii all oi the said sums of money wrcre wiginally stipulated ~ ro be pa~d o~ such day, anything i~ sa:d p~o~~i~ssxy note or in this M.wtgage to the co~trary notwi?hstanding; and thereupon o~ thereafter at tht option of ~ sa~d h10RTGAGEE, w~~hout nor~ce or demand, su~t at law or in equity, therefore or thereafter begun, may be prosec~ted u if all moneys sec~red hereby i n_d matured pr~pt to ds ins~itution_ ~ 7. That in the event that at the beginning of or at any time pending any suit upon thii Mortgage, w to foreclose it, or to refo?m it, or fo enforte payment of any ciaims hereunder, said MORTGAGEE shail apply to the Co~rt hav~ng ~uriidiuion theruof fot the appointment of • Receiver, suth Court sFmll y fc~~h.vith appoint s receiver of said mo-tgaged prop<<ty ali and s+ngvlar, inc+ud~ng aN a~~d si.}gular the income, p~ofits, issues and reve~ues irom whatever ~ s: u•ce derived, each and evcry of wh:ch, be~ng exp~essiy understood, is herrby mor~gaged as if specifically set fwth and desuibed in tlx granting and habendum clauses F~ereof, and such Recerver shall have alt the broad and efiect~ve funct~o~s and powers in anywise entrwted by s Court to a Receiver, ~nd t s, ch appointment s1wli be made by such Court as an ad:nitted equity and a ma+~er of absol~te right to fsid MORTGAGEE, snd witiqut reference to tF+e ~ ed,quaty or inadeqvacy of the value of the p~operty mortgaged or to ~he so:ve~cy or insotvency of uid Al1pRTGAGOR ot the de(endants, and that suth [ r•:-~ts, profits, incane, iasues and revenues shal{ be applied by such Reteiver accordu,g to the lien or equity of said MORTGAGEE a~ the prattite of such E CJUff. ~ 8. To du!y, promptly and fully periorm, discharge, execute, efiect, complete, c:~mply with and abide by e~ch and every the stipulatans, agreements, ~ .o~:d~rions and covenants in sa~d promisscry note artd ihis mortgage set fo~th. 9_ That in the evant the ownership of the mortgagcd prem~ses, or any part thereof, Eecomes vested in a person olher than the MORTGAGOR. the RTGAGEc", its :uccesscrs and ass~gns, may, w;~hout no~~ce to the MORTGAOR, deai wuh such successw or successw in interest with ~eferente to this '.o-!gage and the debl hereby secured in the same manr.cr as w~ah Ltortgago~ •+~r~thoW in any way vitiating or discharging 1Me Mortgagors~ (iabi~~tY hera ,,.ier or upon the drbt hereby secwed. No saEe of the Frr~uses h~~•eby ~nc~tgaged ar.d no forbearanee o+~ ~he part o) the MORiGAGEE w its successon c~ :+ss~gns and no extens~on oi the time 1or th< payment of the debt hereby secured given by the l160RTGAGEE or its successors w suigns, s1u11 operats ~ ie!ease, dacharge, modify change or aifect the or~g~rat iiao~i~ty of the MORTGAGOR herein, eilher in whole or in pa~~. 10. It is spec~f~c3lly ag~eed that Gme is of the essence of this co~tract and that no waiver oi any obligation herevnder or of fhe obliyation sr c~rzd Fw:reby shat~ at any time thereafter be i~ctd to be a wa~~er o( the !erms hereol w of the instrument secured herby. I 1. In add.r~oi to the for?go~:~g monthly payments of p+inc pai an~ i.^.rerest requ~red by the promissory note secured hereby, mort~agor tovenants d a~~`es to pay to mo:tgagee w~+h each montF.'y payr.~ent an add.tionat sum estmared by mwtgagee to be equal to 1~12 0( fhe annual tost of the follow- A-Alf real property taxes Iev~eC o. assessed agaiost thc above dexribed real estate. 6-Prem ums on fire and windstorm ~nsurar.ce as 4:ere~n reqo~red tn b~ carric~d on the improveme~ts situate o~ the above d~stribed premises_ C-Premi~ms on such mortgage gua~anty ir.surar,ce as mortgagee shall from t me to time deem fit to tarry on the ivan secured heteby. Mortgagee sha:l f+om time to t~me no+tf; mortyager ~n v,r~t~ng of the amount due and payable hereunder and such sum shall theteupon be.~le and ~ :,y:;c:e on tha due dat~ ef the next mo~thb~ paymenf and each successive month thereafter ur.til mortgagee shall notify mortgagor of s thsnp! iq ~th ~ - ouro. Such s~ms sha~l be applied by mortgagee toward the paymeM of real property taxes, insurance p~em:ums, and morlgage~,qNm1fV,Y,_inEu~~nt! ~ ~ V . ~ 'fy~ ~ . . ~~:•:ums. . ~ W~'~ITNESS Y:HEREOF, the said MJRTGAGOR has hereunto set his hand and seal the day and ear fint afwessid. J~L • E•'_ ~ .1` ~ _ ,gned. Sea i ered in the p+esence of: ~ C~~ .~~•s ,~t~i, R _ c,, ~ ' ~ E CD~ • ' " • ~lt~EA ?Ottit~ BY. = ~ ~ ~ , ~ ~ ' o ~ 1 S1„ERR ~C:SC~ ~ ~ ~ Y£R'~#0"""'~'.~,TBST • " ' ~ ' - : . 1t ORD ' ~ • : (~A~( b t1i 4b~ Rm~7y 1 iP * - ~ 'uZeZ , - ~ - ~r - 8 +~~~'i~ _ ~ _ _ - _ _ - . COUNTY OF 5T. LUCIE STATE OF FLORIDA 1 HHtEBY CERTIFY, That on this Znd day of ~'y , A. D. 19 74 , Gary L. Pearl and Philip Peazl before me personally appeared respectively President and Secretary - 2leasurer , of Peasl Construct ion Co. , Inc. a Flozida _ Cor~ore~ion, to me known to be the persons described in and who executed the foregoing instrument and sever,~t~y` '~IV )~~dy~d;the exe- cution thereof to be their free act and deed as such officers for• the uses and purposes theiej~ ~tro~,~and th~i they 1 j. . . . / ~ affixed thereto the official seal of said corporation, and the said instrument is the ad_ ~1d1~ Rf;saic~CQtPorstio~• WITNESS my hand and official seal at Fort Pierce , said tQU , n~d ~tatQ.s s This instruaent prepared by ~L. • John W. Collins " ~ i~"' tar ublic, in and for Sta(e,~ First Federal Savings and ~an y ~~mission Expires: N~'~,~ ~w.'~ Association of Fort Pierce ~~?r~i~?l~~~~'' Checked By ~ : a°~~c~27 ~ ~3_ . ~ . ~ ~ ~ V ~ ~ ~s