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Home My WebLink About0156 3. To plac~ and connn~~ovsly ?eap on the bu~:d~„gs now or FxreaFte~ iituate on said land and on all eq~ipment ~nd person~lly torered by this ma~¢ sge, with al! premiums thcreon pa.d fu~~, f~rr insuronce in ~he utual s~andafd poticy fo:m, in a wm appoved by the MORfGl++aEE, •nd wirnla~am insurance ~n the usual uandard pot,cy fo~n, in a s~m •ppro~rrd by ~he MORiGAGEE, in tucA co+npany or canpa~:es as ~he M~R(GAGEE may diroct; •nd all firo and w~nds~orm in~uranca poGciei on any of u~d build~ngs, •ny intere~t therein w par~ thareof, in the ~9groga~~ sum ~fae,~~d u in exceis lhereo(, sheU contain the ~suel standard mor~gagae ciauss or auch oth~r clauss as th~ Mortya9ee m~y reou~r~, m~kinp the loss unJer sa~d poli~ c~e~, each and every, payabls to said MORiGArfE as ~ts iaeeres~ may appear, and esch and every iuch po!~cy shail b~ promptty ass.9ned a~d det~ve~ed w •ny held by s~td MORiGAGEE as iur~her secv.lty ~o said rnor~gage drbt, a~~d, not leu ~han ~en (t0) days 7n ad~ance o1 the expire~~on of each policy, to d~- tive? to said MORTGAGEE a renewal ~hereof, toge~har wi~h a rece~pt ior ~he premium o} such renewal; and ther~ ihall be no f~re or wind~+orm iniurance placed on any of sa~d build~nqs, any ~ntere~t therr~n w pa~t rhe~eo(, un!ess in the forrn and with ~he loss payable ~s atoresaid; •nd in the eveM ~ny sum of mo~ey becornes psyabie under such policy « poLues se~d MORIGAGEE shall have the oprion to rrce~ve and apply the sa~ne on account of ~he indebted ness secured hereby or ro permn ~s~d MORTGAGORS to ~ece~ve and use it w any part ~heroof for o:M•r pu~posrs, w~~hout ~hereo~ waiv~~.g or nnpair- ing any cquity, lien o~ ri9ht under or by virwe of this mo:rga~c; a:xf in the event sa~d MORTGAGORS sAall fo? any reason fail fo keep the said premi~es so insured, or fail to deLver prompfly sny of sa~d pol~ues of insurance to sa~d MORTGAGEE, w f~il prompNy to pay futly a~y pre~~i~m ~herefor cr in a~y ~ ~esped (ail ~o pe~lorm, discharge, execute, eifect, complete, co~nply wirh and ab+de by this covenant, or ~ny par~ hereof, sa~d MORTGAGEE m~y plsce a~d pay fo~ such insurance or eny pa~t lhereo( w~~hou~ waiving w aifecting any op~io~, lien, rquity, o~ ~ight unde? o~ by virtue of this Matgage, and the full amovnt of each and every such paymrm shall be immediately due and payaF,le and sha!1 bear interes~ from Iha data lhereof umil paid at the rate ol nine per ten'~m per annum and to;~eth~r ~nith s~ch intrres~ shali Ge secwed by Itro lie~ of this mortgage. 1. To permit, commit or sutfcr no waste, impairmrnt or deterioration of eaid property or any part thereof. 5. Io pay all and si~gular the costs, cherges and expenses, ~nclud~ng a reasonable attorney's fee and costs of abstracts of title, incurred or paid at any ~ime by said MORiGAGEE; because w in the event of tt~e fa~~ure on the pa~t of the said MORTGAGOR to duly, p~omptly and fully perfwm, d~uharg~. execute, effeU, complete, co~.+p!y w~th and ab:de by each and every the stipulauons, agrecment~, tonditions, and cove~ants of said promissory note and fhis rtiortgage any w e~ther, and sa:d costs, charges and expenses, each and every, shall be immediately due and payable; whethsr w no1 tMere b~ notice do- mand, attempl to cotlect or suit pend~~~g; and the }ull amouN of each and every such payment s~al~ bear 3rYeresl from Ihe date the~eof until paid a1 the ' ~ate oi n~ne per crnwm Ne~ ann~~m; and al~ said cosrs, charges and expenses inturred w paid, together wdh suth ir.te:est, shall ba secured by tF?e Gen oi th~~ mortgeg~. 6. That (e) in the event of any breach of th~s Mortgage or default o~ ~he part of ihe MORTGAGpR, a(b) in the evenl ~ny of ss~d sums of money herein refened ro be not promptty ar.d fully paid within th,rry (30; da~a ne,ct aftcr ~he same seve~a!ty brcome due and payable, witFa~t demand or notite, or (t) in the event each and every the stipulat~o~a, agreements, co~d~t~ons a~d covenants of s~•d promiswry note and th~s morlgaye a~y or either are not ~uly, promptly and fully perforr.:rd, d,scharged, eRecured,~eflectcd, compteted, compl~ed wi~h end ab~ded 5y, ~hen in e~ther a any such avent 1hs saEd ag~ g.egate wm mentioned m said prom~siory note then remaining unpa~d, with interost acuued, and all moneys secured hereby, shall become due and pay eb!e forthwith, or thereai~er, a~ ihe opnon of sa~d MORTGAGEE, as iully ard completely as if aH of the said sums of money were wiyinelly s~ipulated to be pa~d on such day, anything in sa:d prom~ssory note or i~ this Mortgage to the contrary notw~thatanding; and the~eupon or lherea~ter at the option ot said MOR7G/IGEE, w+~hout nonce or demand, suit at law w in equ~ry, thereFore or therealler begun, may ix prosecWed as if ~II moneys iecured hereby had matured pr~w to ~ts ins~~tu~.on. 7. That in rhe eyent that at tne beginn~~g ol or at any tima pend~ng any suit upun th;s Mortgage, or to forec~ose it, o~ fo rcform it, o~ to enfores payment of any clo7~r~s hrreund,:~, sa~d A10RTGAGEf sha.l apply to ehe Court having ~u~nd,c~:on thereol for the appointment of a Receiver, such Coun s1w11 forthwith appoin~ a rece~ver of said mo~tgeged prcperty all and singvlar, inciud~ng all ar,d s~n~utar the income, p~of~ts, issues and revenues from whatsve~ sovrce darived, each and every of wh~ch, ii being express~y understood, is hereby mortgaged as if spet~fically set forth and deacribed in the q~arting and habendum c!avses hereof, and such Receiver shal{ have ai~ the broad and effecrrve funct~ons a~d powe~s in anywise enlrusted by a Court to a Receiver, and t..ch appointment shall be rnade by svch Court as an adm~tted equity and a r~,atte~ of abso~ute rigM to said MORiGAGEE, ~nd without referen[e to the adequacy o? inadequacy oi the vai~e of the property mortgaged or to the so:veRCy or ioso4vency of sa~d MORiGAGOR o~ tF+e defendants, and that svch rents, proi~ts, income, iasues arx) revertues shail be applied by such Receiver a::orti~ng to the lien or equity of said MORTGAGEE ~nd the praUite of iuth CourT. - 8. io duly, promptly a~+d Futly Ferform, discha.ge, execute, e4fec~, complete, comply with and abide by each and every the ftipulations, agresments, conditions and covenan~s in said ptomissory note and this mortg~ge set forth. 9. That in the event the ownersh~p of the mortgaged premises, or any part thereof, brcomes vested in a perwn elher thsn the MORTGAGOR, the MORTGAGEE, iti successors and ass~gns, may, withovt not>ce to the MORTGAOR, deat wi~h such succ-uor or suctessor in interest with re}etenc! to this mortgage and rhe debt hereby secured in the same manner as w~th Mortgagor w~thout in a~y way vitiating or d~uharging the I1lortgagors' (isbility here- under w upon the debt hereby secv~ed. No sale o! the pren,ises hereby mo~tgaged and no forbearance on the part ot the MORTGAGEE or iri successor• or ass~gns and no exfens~on of the hme for the paymrm oi the debt he~eby sec~red given by the MORTGAGEE or ib suctessors w assigns, shall operate ro release, d~scharge, modify change or affect the orig:nal liab~l~ty of the MORTGAGOR herein, either in whole w in part. 10. It is spec~fically ag~eed that time is of the essence of this contract and that no waive? of any obligat~on hereunder w of the obligation se- cured Ixrcby sha11 at any time theteafter be hc:d to be a waiver o~ the term~ hereof w of the instrument secured F~e~by. 11. In add,rio~ to ~he foregc ng T~onrhly paymenrs of prfnc pat and in~rrest ~equ~red by ~he promtssory note secured hereby, martgagor covenants and agrees to pay to n:or~gaqee w~th each mo~rh+~ payr :ent an aad~rional wm esr~mated by mortgagee to be equal to 1%12 of the annual cost of the folfow- ing: A-Atl reaI property taaes ievfed or assessed against fhe above descri5ed reai estate. a' ~ B-Pramiuir.s on fire ar.d windstorm insu:vece as iierr~n reqv~red to be carriFd on the ~mproveme~ts s~tunte on tFie ebove desv pt~mt4es. ~ C-Prem~ums on svch mort9age guaranty insurar:ce as mortgagee shall from t~me to time deem fit to carry on the ban secured_ ' Mortgagee shali from flme to t~me norlf•; mortgagor ~n wrihrg of the amount due aod payable hereunde~ and such sNr~`sha~! ~f~tf~upoe~ due •nd ~ F.ayabte on the d~e date of the r.ext mo~thly paymem ar.d eacfi successive monrh thereafter until mortgagee shall not;fyt-rtlo I~~gir~~a eful~pe in such j amount. Such wms sFall be appi~rd by mortgager to:+a~d the pa~ment of reaf property taxes, insura~xe prem:ums,`~r~~l~age•.pWr~g~iinsurance \ r ; premiums. f fp ~~q RrGORDEO ~ ` : ~ ~ ~ ~ ; Y~ITNESS WHEREOF, the sa~d MORTvAGOR haa~it~Q A~~~~nd seai the day and year first afpies~d ~ Q~ • { S~gned, Sealed and ered in tht presence ot: ROCf•'• ~'U'TRAS CLER~ Ci%i,U~T COURT ~ ~ : ~ ~ - ~ P~^AROYEr~~lf1 ; : ~ {Q t~~ t-~~.~_c.~v~T't :'i. ~ ~ ~ _ ~ IY 58 ~ . ~ ~ ~aa~ ~ _ . - - - - - - ~ -w.- - - - _ - - - STATE OF FIORIDA COUNTY OF ST. LUCIE 32~n~93 ~ 2 ~ei ~'i ~anG'Tl:%n'." '7~ 1 HEREBY CERTIf~, That on this _day of___ , A, 0. 19 , ~ before me personally appeared =-i `-'~r`~ `t ~ i' u"'•S arxtc ~ respectivaly President-enr~' S~1~i~t3~i.Y , of ~ .~~e~,.?~;,~~, r~r~±..,3r.+; n.-., Ir.c. , a _~1^ri d3 _ Corporation, to me : known to be the person described in and who executed the foregoing instrument and severally acknowledg2d ihe exe- ~ cution thereof to be their 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 ot said corporation. ~ ~ WiTNESS m hand and officiat seal at Fort Pierce , said count and stat ~ y y - ~ ~ ""::is i nst ~~-.;~-~er.` prepar~~i - , : ~ ' ??31 ?o.,e_ .tr. ~ : ~ rS± ;;j y^ ; T, ~ ~ Notary Publ , in and for State and C-ou~ty a~r~sai9~ ' I ~-s e eral =~v n=~s ~ ,<L~ _ , ~ 4ssoci~t~on o.'' :'~r; ~erc~ ~__~,~.;~t7 missionExpires: ~ - j . Q" ` p~~ /S l'~7~ :c ' r u n ~ ~~e"~/ /S'6 " " y' ° ~ ~ ~ . . ~ i . .-~Q.~: ~ Checked By,~~~~- ~-`•~4~v-.S• '~i ; 5`~~~- . ~ , : t ~N,~~: ' ~ ~ t ~ ~ ~ _ .it'..~ ~ ~:.'s= ' ` . ~ S • y~..~ . _ f -y " _ 4, ~5..., r.~` ~~c"~~~'~'~ .»F . . ' ~.~'_`.`~a~