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Home My WebLink About0064 ~ 3. To plxe snd continuously keep on ths bui!d~ngs now or hereaf~er ~ituate on ~aid land and on all equip~nent ~nd personally covered by this matq~ ~ a9e, with •11 premiums Iherew~ paid in tull, fire insurance in the u~ual~srendard polity form, i~ a sum approved b~ the MOR(GAGEE, and windstorm . insuranc~ in tFw usual ~randard pol~cy Iwm, in • wm approv~d by tFie MORTGAGEE, in i~rth company w co~+paniei as ~M MORiGAGEE may diraut ~nd all iir~ and w~nds~o~m in~urance pol~uei on any of sa~d build~rpi, ~ny intertsl therei~ or part Ihe~eof, in tFu aggregau sum ~loresa~d w . in excess therwf, thall conrain the usual ~~a:,dard mortga9eq clause o~ such other claus~ a tM Mortgages may requue, making ~hs ioss ~er~da sa~d poli~ cie~, each and every, payable to said MORiGAGEE a~ irs intere~t may ~ppear, and cach and eve~y such policy ihall be promptly a~s gncK1 and deliver~d to ~ any held by sa~d MORiGAGEE as further secu?ity ~o said matgage debt, and, not leu than te~ (10) dsyi in ad~ance oi the expiratio~ of each policy, to d~- liw~ to iaid MORTGAGEE a renewal thereof, toyether with a tete~pt (o~ the premi~m of suth renewalj and Ihere shall bs no tire or winds~o~~o insuranc~ ~ plsted on any of said buildings, any in~erest lherein or pa~t thereof, unless in the lorm and with IF+~ loss payable ai afwesaid; and in the evenf any ium ~ of rtwnty becornes payable under such polity or policies uid MORTGAGEE shall have ~hs option to reteive and apply the same on accounl of the indeb~ed- # neu secured hereby a fo permit isid MORTGAGORS ro recaive aod u~s i1 p any pa~t thereof lor other purposes, w(tho~t th~reb~ waF.i~~~ o~ ~mpair• . t iny a~y equiry, lien w right u~der a by virtus of this mossgags; and in the avent ta~d MORTGAGORS thall (a sny ~eason fail to keep the ~aid premisrs so ~ i~surod, w Fail ro deliver promplly any of said polKies of insurance to said MORTGAGEE, or fait promptly to pay fully any prem~um thereta or in any ?rspect fail ro pafwm, discharge, executs, effect, compie?e, comply wi~h and abide by this cmre~+ant, or any pa~t hereof, sa~d MORTGAGEE may pface and ~ pay for tuch i~~urante ot any part thereoi without wsiving o~ affectir~ ~ny oFtion, lien, equity, a righl u~der a by virtue of this Mwtgage, and the fu11 amouot of each and every such paymeM shall be immediately dve and payabte and shall bear intereit 'trom tFa date thereof u~~il paid at the rate of F nine pe? centum per an~um and togNher with such inte~est shali be securcd by the lien of this mat9age. ` i 1. To permit, commit or sutter no waste, imp~irmeM or deteriwation of said property p any part lhereof. ' 5. To pay all and tingular the costs, charget and expenxs, including a reasonable attorney i fee and costi of abstraps of title, incurred w paid at any time by said MORTGAGEE, because w in the event of the failure on the part of Ihe saed MORTGAGOR to duly, peomptly and futly pcrfam, d~uharge. execvte, etfect, complete, comply wit~h and ab:de by each and every the stipvlations, egreements, cw~ditions, and covenants ot said {xomissory nale and this matgage ~~y or ei~her, and sa~d cosri, charges and expenses, each snd every, ahall be immediatety due and payabfe; whether or not there be nottce da mand, atttmpt to collett w suit pending; and the full amount of each and every svch payment shall bear inlereet irom the date thereof until paid at the rate of nine per centum per aro~um; and all said costs, charges and expenses inturrnd ot paid, together with such interest, shall be setured by the iien of tha morl9~e, ~ 6. That (a) in the eve~t of any breach of this Mwtgage o? default on the parf of the MORTGAGOR, a(b) in the event ~ny of sa~d ivms of money herein referred to be ~ot promptly and fully paid within thiriy (30) days ncxt after the same seve?ally become due and payable, wilhout demand w notice, or in the event each and overy the stiputation:, agreements, co~ditions and coven+nts of sa~d promissay note a~~d th~s mortgage any w ei~her are nol _ ~uly, promptly and fully performed, d~xharqed, executed, effected, compteted, compl~ed with and ablded by, lhen in e~ther w any such event the taid a¢ gregate sum ment'aned in said promissory note then remaining vnpaid, with imerest accrued, and all mo~eys secured FKreby, :hall betome dve and pay- able fwthwith, w thereafter, at the opt~on of said MORiGAGEE, as fully and complete~y as if all of the sa~d sums of money were atginally sGpulatcd ro be pa~d on such day, anything in sa~d prom~ssory note w in this Mwtgag~ to the contrary notwithstsnding; and thereupon or thereafter a1 the opt~on of said MORTGAGEE, without not~ce w demand, suit at Iaw w in equity, therefore or thereaf~er begun, may be prosecuted ss if all moneys secured hereby had matured pnor to ~ri inst~tution. ~ 7. That in the evcnt ihat at the beginning of w at any time pending any suif upon this Mortgsge, or to fweclox it, or to reform it, o? fo e~fwce paymeM of any claims hereunder, said MORTGAGEE shall apply to the Cour~ having jur~sd~c~ion thereof to~ the sppointment of a Receiver, such Court shall Forthwith appoint a receiver of said mortgaged property all and singular, includ~rg all and singular 1he irttome, profits, iuues and revenues from whatever source derived, each and every of whKh, it be:ng expreasly understood, is hereby mortgaged as if spec~(iulfy xt forth and desuibed in the granting and k habendum clauses hereof, and such Receiver shall have all the broad and effective funct~ons and powen in anywise entrusted by a Court to a Reteiver, and ~ ~~ch appointment shall be made by such Court as a~ adm~tted equity and a ma~ter of absolute ~ight to said MORTGAGEE, and without re(erence to the adequacy or inadequacy of the vatue of the property mortgaged or to thr wtventy or insolventy of said MORTGAGOR p the defendants, and that such ~ rents, profits, intort?e, issues and revenues shafl be applied by such Receiver accwdi~ig to the lien or equity of said MORTGAGEE and the prattice of such Court. ~ 8. To d~ly, promptly and fully perfwm, discharge, exrcute, effect, compfete, comply with and abide by each and every the stipufations, agreemenri, conditions and covenams in u~d promissary note and this mortgage set forth. ~ 9. That in th~ event the ownership o~ the mortgaged prcKnixs, a any part thereof, becomcs vested in e person other than the-MORTGAGOR, the MORTGAGEE, its successors and assigns, may, wirhout notice to ~he MORTGAOR, deal with such successor w succeua in interest with referencr to thi~ ~ murtgage and the debt hereby secvred in the same manner as with Mo~tgago~ w;thout in any way vifiating w dischsrging fhe Nbrtgagors liability hero- under or upon the deb~ hereby secured. No sale of the premises hereby mo+tgaged and no forbeara~ce on Ihe part of the MORTGAGEE w its successora or assigns and no extension of the time for the payment of the debt he~eby secured given by the MORTGAGEE or its succe:sors or auigns, ahall operate ~ ro release, d~xhsrge, modify change or af(ect the original liability of the MORTGAGOR herein, either in whole w io part. ~ 10- It is spec~f~cally agreed that time is of the esxnca of this co~tract and that no waiver of any obligation hereunder a of the obligation sr : cured htreby ~hall at any time thereafter be hetd to be s waiver of the terms hereof or of the instrumenf secured herby. 11. In add~tio~ to the fwego:~x~ monthly payments of princ pal and interest required by the promissory note setured hereby, mwtgagor cove~tents and agrees to pay to mortgagee with each momhiy payment an add~rional sum estimated by mwtgagee fo be equal to 1/12 of the annual cost of the follovv- ing: . - . ` , . ~ A-All real property tazes leiied or assessed against ?h~ above described real estate. 8-Premiums on fire and windsrorm ~nsurar,ce as here~n requ~red to be carried on the improveme~ts situate on the above destt?6ed_piefiises: '.~•s- ~ C-Premi~ms on such mwtgage guaranty insurar.~e as mortgagee shail from t~me to time deem fit to carry on the loan secured hpieby. , - Mortgagee shail from time to time nc:ify mortgagor in writing of the amount due and payable hereunder and such sum shal( 1~a~EUpon ba dM~ acid c.ayable on the due da+e of the next moNhly paymem and each successive month thereafter urtil morigagce shall not~fy mortQujor _of a~hange in .sv~Fi , - f a~~ount. Such sums sFall t~e apptied by mortgagee toward the payment of real property taxes, i~surance prem:~ms, a»d mortgags guira~ty irnurance premiumi. _ . ~ N Y1ITNESS WHEREOF, the said MORTGAGOR has hereunto set bis haod a~d seal the day and year lirst aforesaid. ~ • ~ed, seakd a~ ~~Ye~ m the ~~se~ce of: AGRICULTURAL CHEMICAI. .COMPANY ; ~ • ~ LFO ~tMD MECUROEO - - i _ 5~.1l1C1E fAUNTr ~~A. BY: ; • Rc~f:r ~'9~TRAS _ - ~J ' ! ~fa~( i::=~~GtT COURT resident Seaq a~~~~^r, ~~-'~,~~`-,-.-:;TEST: : ; sq g E ~ ~ 13 ~ 291 M ~1 ~p,~ - - - ~'acrat~ry-Treasurer - ~ ~ STATE OF FLORIDA •~~~~~.C UNTY OF J~(xq(4~X$$ COLLIER i E - € I HEREBY CERTIFY, That on this 14~ day of ~u ~ Y , A. D. 19_l~, ` before me personally appeared THOMAS O. MCPHERSON and MICHAEL R. MUSRIN ~ ~ respectively President and ~ Secretary ' TzeasureY , of ~ AGRICULTURAI. CNEMICAL COMPAtlY ~ a F1 o-ida Corporation, to me ~ ~ i known to be the persons described in and who executed the foregoing instrument and severally acknowledged the exe- cution thereof to be their free ad and deed as such officers for the uses and purposes therein mentioned; and that they affixed thereto the officia) seal of said oorporation, and the said instrument is the ad and deed of said corporation. ' Naples, Collier County , Flori~a.~ WITNESS rrey hand and official seal at~~~,~f , sai'd munfy an state. This instrument pre~ared by _ ~ ; John 41. Col 1 ins ~ ' ~ i r s t Fed e ra 1 S~v i n ~ s a n d L oa n Notary Publ , in ~~d for S te an~.Co~rnty aforesaid. ~ ~ My Commissi~n~xpK~:s Y : ~ Association of Fort Pierce ' 1307ARY PisP:!C. TT,-e CF~Frr~tpq F B~tcC:~~ ~wh ia~. r?~.~: Hti~ ~ _ ~ :.t~,%E CO. Checked By • ~1 F! - *~~Ce` ~ ~ ~ _ $~41(~~ ; I ~ $~,~"~._~.+v "a z- .N - ~ ' . . : ,V T~ ' . t ~ -~S }.fi`.~~V~~'~A~T~'>'t,...x. . .`'~'~'a~, ` ~