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Home My WebLink About1354 i t To plac~ and contin~oualy keep on the bu~'d~ngs now w he~eafttr ~itval~ on said I~nd and on ~II equipm~~t ~nd p~r~on~lly tov~r~d by thb morl¢ p~, wi~h ~il p~em,vms ~iKrevn Ne[d h~ f~ii, t~ra :+.i~~er~ca tn it:~ ;:s~a! s~3:3ard pe~~q form, in a wm spprortd by ~M MORTGAGEE, ~nd wiexbtorm inswar+t~ in 1he v~va) ~eand~rd pol~cy fam, in + s~m approved by ti+~ MORTGAGEE, in ~uch tompany w tompa~i~s ~s 1M MO~TGAGEE may . di~~ctt and +11 fin and w;ndst«m ~nauronce polrc~es on ~~y of ss~d build~nys, ~ny ints~e~t thK~in o~ put thirwf, in 1M ~pyrep~~~ awn ~fptuid o~ in ext~u ~Aerw(. ~MII contain ~l~s vsual standa~d mw~y7agN clause a such othtr claus~ as ~M M«~yp~. may rp~i~~. m~Yinp th~ Iwt undN ~aid po~i~ ~ K ci~s, ~sth ~nd eve~y, payable to said MORTGAGEE as ~ts in~erest may ~ppe+r. ~nd eath a~+d ~very ~uch poUcy shall b~ WoenP~~Y ~u 9^~ ~~livKed to _ ~~y MW by seid MORJGAGEE ~s fur~he~ seturity to said nwrtgage debt, and, not !eu than ttn l10) days in ~dvanc~ of tM exp'aalion of ~~ch polity, ro d~- IivN lo isid MORTGAGEE a rs~ewal thercof, toge~ha with a receipt (o? the pren+ium of tuth ~enew~l~ and ther~ sMll b~ no f'ae o~ wind~torm inswuK~ . plaad on ~ny of sa~d build~ngs. any in?erest lherein or par~ the~eof, ~r,less in tha form and wi~h tM loss pay+bb as ~iwesaid: +od in tl+~ ~v~n1 ~ny sum of mor»y becom~~ paYaWa unde~ such policy a policies said A~ORIGAGEE ~fiall I~ave ~he option ro receive and ~pply tl+~ sam~ on accoun~ of IM ind~bted~ nsu sawed hxeby a ro permit said MORTGAGORS ?o receivs ~nd ut~ if a sny pa.t therwf fa othe~ pu~posea, wi~hout Il~e~eb~/ w+i~i~~g w unW~~' irp aey pu~ty, tien or right uncler or by virtue of ~hii mo:t9aye; and io the wero sa~d MORTGAGORS ihsll fw ~ny r~ason f~il to keep rhe uid pranises w i~ tnsured, w i~il ro deliver promptly any of taid poliues of i~surancs to wid MORTGAGEE, w iail promplly to pay fully ~ny pr~mium therefa w ln a~y resped fail b perfwm, d~uha?ge, execute, effed, complete, comply with and sbide by this covenan~, w ~ny part har~of, said INORTGAGEE en~y p~att and pay fa auch insurancs or any part thereof w~~hout waiv~ng w~ffec~ing any op~ion, lien, e~u~ty, or rtpht vnder w by virtv~ of this Matpa~s, ~nd tM - full amounl of each and ev~ry such paymenl shall be immediately due and payabte and shall bear interest f~om tM date thereof until peid at th~ rat~ ol nine per cent~m per annum and to~rther with such ioterest shall be secured by 1M lien oi this mottpaye. 1. To pt~mit, commit a ~uffer no waste, impairmcnl'q deteraratioo of said property o? +ny part thsreof. 5. To pay all ~nd singutx the costs, cMrges and expenses, inclvdi~g a reasonabte attaney'i fee a~d costs of ~bitncts of titt~, incurted or p+~d ~t eny time by wid MORiGAGfE, because a in ~he cvent of tAe (ailure on the part of tM ~aid Ml3RTGAG~JR lo duly, promptly ~nd fu11y perfam, d~~ch+.g~ exec~fe, effecf, comple~e, canply wah a~d ab:de by each ~~d every ~he stipulshons, agreement~, conditio~s, ~nd coven+nb of faid promissory nole and fhii mortp~pe any a either, and sa;d costs, ch+rges a~d expenses, each and every, sh~ll be immediately dw and payaDlr, wMther ot not thtr~ b~ notiu ds~ mand, +nemp~ ~o colkcr or suit pend~ng;'and the full unou~t of each and erery wch paymeM shall bea~ imerest from ths date thereof until p~id N the ra~e of nine per centum per an~ium; and a11 said cosn, cha~ges and eapenus incurred o~ paid, together with such imH~st, ~Aall b~ saured by tl+~ litn of this morty+ps. 6. Thst (a) in the evenf of a~y breach of Ihia Mortgage w default on ~the part of the MORiGAGOR, or (b) in the ewnt ~ny of said tvms of nan~y herei~ reterred to be not promptly and futly paid with~n ih~rty (30) days nex~ after ~he same uveratly becam dve +nd psyable, without dem~nd w notice, w(~ tn the event each and every ~he stipute~ior+s, ag~eeme~tf, cond~tions and covenant~ of sa:d promiuory not~ and th~s mortpa~e ~ny w eitAer ir~ rwt ivly. promptly ~nd iully pe~formed, d;xharged, execufed, efirc~ed, comptared, complied w~th and abided by. then ie either or any such ~wM tM said a~ gregat~ wm mentaned in said p~omisswy note the~ remainirg unpaid, with interest accrued, and all moneys setvred htreby, shall became dw and p~y~ able fwthwith, or the~ea(ter, a~ the opt~on of said MORTGAGEE, as fully and completely as if a~l of the said wms of mon~y were o~q~n+~ly atipul~ted to be paid a+ such day, anything in sa;d p~omisswy r?ote w irt thia 1Nortgage to the tomrary notwithstandina; u~d thxe~ w there+fter at tM option of said MORTGAGEE. wirhout no~~ce w demand, svit at law w in equ~ty, therefore w thereaher begun, nuy be pros~cut~d ~i '~f dl rra~y~ seturad hsreby had matured par to ~a instirution. . 7. That in the event that at the beginning of ot at any time pending any suit upon this Mafgsge, o~ fo fotedos~ h, or to rtform N, Or fo enfwu paymcnt of any claims hereunder, said MORTGAGEf shall apply to the Court having jurisd~ction Iheroof fa tfie appantment of ~ R~uiva, wch Court shall forthwith sppoint a receiver of said mortgaged property aIl and singvlar, includ~ng atI and singular the inoome, profits, issua snd revenws from whatever w~rce derived, each end every of wh'rch, it bei+~g expressly underuood, is hereby margaged as if ipec~(icslly set fwth and describad in the prantiny snd habendum clauses hereof, and such Receiver shall have all the broad and effecrive funct~ons and powers in ~nywise entrusted by ~ Court to a Receivei, and such sppointment shall be made by such Court ss an ad~nined equity a~d a matter of absolute right to said MORTGAGEE, snd without reference w the adequacy w inadequacy of the value of the property mor~gaged or to the so~vency or ~nsolvency of ssid MORiGAGOR w the defendanq, and that tuch rents, profits, income, issues and ~evenues shall be apptied by such Receiver accord~ng to the tien or equity of said MORTGAGEE u?d the practice of such Cavrt. , ~ - . 6. To duty, promptty and fully pe?fwm, d~uharge, execute, effecf, complete, comply with and ~bide by asch and every tM stipvlations, agreements, conditions arxl covensnts in said promissory note snd this matgage set forth. 9. That in lhe event the ownership o/ the rriartgaged premisei, or eriy part the7eof, becomes vested in a person other than the MORTGAGOR, ths MORTGAGEE, iti successors and ,sss~gns, mayt without trwtice' to; the MORTGAOR, deal with : such successa of suoce~ssor in iMerest with rcference fo this morfgage and the debt h~reby sacured. in the same manner as wiih Mwtgagw withoul ~n any way vitialinp a d~uhar~ir?y the Mottflagon'. lisbiliry hert under w upon tF+e debt hereby secured. No sale oi the prem7ses h6reby mortgaged ~nd no fwbearance on the part of the MORTGAGEE or ib tutcesson or sssigns and no exte~sion ot the time. tor th~ payment of tMe deb+ he.eby secwed giv~n by ths AhORTGAGEE w its tucceswrs w assiyns, sMll operate io releau, d~xharge, modity change o. affect the orig~nal liab~l~ty oi fhe MORTGAGOR herein, ei~her in whofe or in part. 10. It is specifically agreed that time is of the essence of this contract and that no waive~ of any obligation hereunckr w of the oblipafion se- cured hereby shall at any time thereaffer be he:d to be a waiver oi the terms hereof or of the instrument secured herby. 11. In add~tio~ to the forego'ng mo~th!y payments of princ pal and imerest requ~+ed by the promissory note secured hereby, mortgsgor tovenants and agrees to•pay to mortgagee with each monthly payment an add~rEoosl sum est~mated by mortgagee to be equsl to 1/12 of the annual tost of the follow- ing: A-Alt real property taxes levied .or asseasec! apainst the anove destribed real estate. • - B-Prerr.iums on fire and windsto~m insurar.ce ai Fe~ein requ:red to be carried on the imp?oveme~ts situafe on 1he +bove dewibed p~emises. C-Premiums on such mortgage guaranty insvra:.ce as mo~tgagee shall from t~me to t~me deem fit to tarry on the bsn secured hereby. Mortgagee shall 4rom time to time noriFy mortgagor in wrifing oi the amount due and payable hertunder and suth wm sFwlt tF~eret~q.~~d~ ~i~T{ j payabk on the dur date of the next month!y payment and each successive month thereafter urtil mortgsgee shall notify mortgagor Of.M~~ ~b4 iueh"- ~ amount. Such suma shalf be appfied by mortgagee roward the payment of reat prope~ty taxes, insuranu prem:ums, and mortgspf;~9~a~r~~thwr~tt~_ : premiums. - . , • - ~ ~ ~ IN WITNESS. WH f, the sa~d MORTGAGOR has hereunto :et his hand and seal the day and year firat oresaid. •"y _ ' Sig I and el~ve~ed in thelxeience of: I~LLY ONSTRi~~ , ~ c t:. c:DEO _ , • F _ 4 : ; S1 l_ _ ,4TY FL4. . • ` ; ~t ~ S. ~BY : ~ ~ p ~ ~ , > - - - ~ _ -,~~k~ . 11 11 Pses dQ ~ 6 ~ ` . - • . - ' D J - - - - - - - - - ~CT -6 ~1 ~A1T1~3- - - - - ~ - . ~ ~ _ 318333. STATE OF FLORIDA COUNTY OF ST. LUCIE I HEREBY CERTIFY, That on this _ 3rd day of-__~t~~Z , A.D. 19 75, before me personally appeared Kel ~ He?11 ~ooclc - riS~6LqW9f~ P~esident ~ _ ~ - , of [~LLY CONSTR~~TION OOMPANY a__ Flozids Corporation, to me ~ known to be the person described in and who executed the foregoing instrument, and acknowledged the exe- ~ ~ cution thereof to be his free act and deed as such officer for the uses and purPoses therein mentioned; and that he ~ affixed thereto the official seal of said corporation, and .the said instrument is the act and deed of said corporation. ~ ~ WITNESS my hand and official seal ai Fort Pierce , said county d state. . This instrt~nt prepased by ~ John W. Collins Fi=st FQdetal Saving8 ~id LOa=1 otar ublic, in and fQr State k Cou aforesaid. ASSOCia tion Of FOit Pierce My "mmission Expires: i ~ ~ /97-' . ~ _ _ _ fi ~ _ Checked By ' . ~ . ~ ~ eo~K 4 PAGE135~ _ ~ ~ r~ ~ . . . ~ - y ~ ~ ~ ~ ~