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Home My WebLink About0975 3. To placo and continuou~ty keep on the bui'd~ngs now w herea(ttr ~itust~ o~ said I~nd and on all cquipmt??t and pNSOnally tovK~d by thi~ morlp~ p~, wilh all premiuT• Ihercon pid (ull, fire insurance in the usual ttsndard po:icy form, k? a ~um ap~uoved by th~ MGR7GAGEE. ~nd windatpm _~Z intwancs in the usu~l sfandard pot;cy fw,n, in a sum app~avtd by ths MORTGAGEE, in wch tomp~ny or companies u 1M MORTGAGEE n?ay i directj and all lira a~d winds~o~m insuranc~ poticie~ a? any of said buiid~npf, any inttr~fl tMrein or part 1htr~of, i~ tM pp~ty~ts tum alw~said or w~ In sxceu thereof, ihall con?ain ~M usual ~~anda~d matgages c?auta a such oihe~ claut~ IM Mo~page~ miy rpvir~, makii+p tM Iws u~ sa~d poli~ ~ cies, each snd evay, payabl~ to said MORiGAGEE as ifs in~ere~t may appe~~, and ~ach and ev~ry t~ch policy ~hall b~ promptly au.yntd and detivn~d ~O •ny held by ssid MORTGAGEE ss fur~hrr securi?y to said mortyage debt, and, no1 les~ tnan ttn (10) days in adwnce of ti+e expiration of ~atA policy, to dr ' ~ live? to said MORTGAGEE a renewal thereof, toge~her with a receipt fw the pr~m~um ot tuch renewal; and ~her~ shatl b~ no fir~ o? wind~twm iniu~ante " ; placed on sny of isid buildings, any ineerett thers~e+ w part thereof, vnless in ~he form and with tM loss pay~bl~ as afae~sidj and in tM ~vtnt any wn? of monsy becomes payable under s~ch policy a pol~cief said MORTGAGEE shall havs fhs opf~on to receive and apply ths sartN on accovnt of the ind~bted~ 'sr, ~ neu secu~ed hereby a lo permit ~sid MORTGAGORS lo reteive and ua~ It p any part thereof fo? othar pu~poses, wi~hout IF~e~eb~ waiving w~mpair• ::Vy, ~ irg any equity, lien a righ~ undrr w by virtue c~ this morcoa9e; and in ~hs event sa~d MORTGAGORS shell fw ~ny r~ason (~il to keep the said premi~es so i i~suied, o? fail to deliver promplly any of uid policies of insurancs to s~~d MORiGAGEE, w fail promptly ~o p~y fully ~ny premium therefor a in a~y ' reipett fail b perform, discharge, executa, e(Fed, complete, comply witA and abide by this tove~ant, o~ any part hereol, tald MORTGAGEE may place ~~d • pay fw such insurante or ~ny pert thereof without waiving oc affectinp any oplion, lien, equify, w riflht unde~ a by vlrtw o( this Mortgay~, ~nd tht full amovnt o( each snd every such payment shall be im,nedi~tely due and payable and shall bea~ i~terest from ths d~te thereo( until paid ~t tM rat~ ol nins pe? ce~tum per annum and togelher with such interest shall be secured by the lien of this matqage. ~1. To permit, commii w suffer no wasro, impai~ment w deterioration of said properfy or any p~rt thereof. ~ S. To pay all ~~d singular fhe cw~s, charges and expenses, including s rsasonsble attwney i f~e and costt of ~bitrads of titl~, incuntd w paid al any time by said Al40RTGAGfE, betause a in the event of ~he failure on ths part of tht ssitl MORiGAGOR to duly, promptly and fully ptrforrt~, dixhar~ execute, eifect, comptete, car.ply with and ab:de by each artd every the stipulations, agree~nent~, cond~tions, ~nd mva~ntt of said promissory nWe and tf+a mertgaqe any w e~~her, and said costs, charges and expenses, e~ch and every, shsll be immediately due a~d payable; whetMr w not thtr~ b~ notic~ ds mand, attempt to colled or suit pcnd~ng; a~~d the fult smounl of each and every s~ch paymenl shatl beu interesl from the date thereof until paid at the rate o( nine pa centum yer an~~um; and sil said coa~s, chargas and eapensas ioturred or paid, to~elher w~Ih such intere~b sh~ll ~atured by tl~e lisn of te?u mortpaye_ 6. That (a) in the event of any breach of this Mortgag~ o~ default w? the part of tFx MORIGAGOR, a(b) i~ the ~ven1 ~ny of said sums of rtwney herein referred to ba not promptiy and tutly paid within thirty (30) dsys next aiter thr same sereratty become due and payable, without demand or notite, or (cj in the event cach and every the stipulationa, egreements, cond~tions and covenants of ia~d promissory oote and th~s mortp~ye sny or either are nol ~uly, promptly and fully performed, d~scharged, executed, effected, completed, complied with and sbided by, then in either w any such tvent 1F» said ag ~ gregate sum mentioned in said promissory note tAen remaining unpaid, with interest actrued, and all moneys secured Fxreby, sMtl betort~e dw and pa~ aele forthwirh, w thereafter, at the option of said MORTGAGEE, as fuity and completely as if all of th~ said sumf of mw~ey were wipinally slipulated to be pa~d on such day,_anything in sa:d prom~ssory note w in this Morrgage ~o ~he comrary notwithstanding; ~nd ~Fx?eupon or thereafter at tM opUon of said MORTGAGEE, w~thout notice w demand, suit at law ot in equ~ty, therefore or tAereaitcr begun, may be ptosecuted as if all nwneys satured haeby had matuted pnw lo d~ institunon. 7. That in the event tha~ at the beginning of w at any time pend~ng any suit upon this Mortgsge, or to faecloH if, or to refwm it, a to e~foro~ paymeM of any daims hereunder, said MORt~GAGEE shal~ apply to the Court havirtg jurisdiction thereof for the appantme:~t of a ReceivN, such Ca?rt shall forthwifh sppoint a receiver of said mortgaged property atl snd singular, includ+ng all and singu~ar the i~come, prolits, is~ves and revenues from whateve? wurce derived, each and every of wh~ch, il br~ng expressly understood, is hereby mortgaged ss if ~pecifitally s~t forth snd dNtt~bed ln fIM ~~~nting and halxndum clauses hereof, and such Rcceiver shafl have all !he broad and effecrive funct~ons and powera in anywise Mtrufted by.~a;Cpyrt to ~ RKeive~, and •uch appointment shall be made by such Court as an admitted equity and a malter of abaolute righl to said MORTGAGEE, and without ~elerence to tM adequaty or inadequacy of the vaiue of the property mortgaged or to the soivency or insolvency of said MORTGAGOR or the deftndants, a~d that such rC.eonu~. profits, income, issues and revenues shall be applied by s~th Receiver according to the lien a equity of said MORTGAGEE and the pt~tlit.~ of auth ~ S..To duly, promptty and fully perform, discharge, extcute, effect, complete, compty with and abide by each and every the stipulatio~u, agreements, conditans and covenanta in u~d promisswy note aru! th~s mortgage set forth. > 9. That in the event the rnnnership of the mortgaged premises, or any part thereof, betomes vested in • persw~ other than the MORTGAGpR, tIN = MORTGAGEE, its successors and assigns, may, wi~hout rrotice to the MqRTGAOR, dcal wi~h such succeuor a successor in interest with referente fo this ? mwtgsge and the debt he~eby secwed in tbe seme mamer as with Mortgagor withovt in any way vit~atinp w dixharging Ihe Mort9sgors' lisbility hert under w upon the debt hereby secured. No sale of the premises hereby mort~aged and r?o forbearance on the part of the MORTGAGEE or itf suctessors or auigns and no eatension of the time fer the payment of the debf hereby securcd given by the MORTGAGEE or iti wccesson q auigns, sh~ll operate io rclsase, duharge, modify cha~ge or affect the aiy~nal lisbil~ty of ~he MORiGAGOR her~in, either in whol~ a in put. 10. h it speciticaUy agreed thaf time y of the essenoe of thi~ contract and that ~o w~iver of MY Obl~~~ipf~ F1lfeyfld!/ p Of fIN OWI~~TIOII ~ cured hercby shall at any ti:ne thereafter be heSd to bE a waiver of the terms hereof or of the instrumeM secured herby. j i 11. 1~ add t~o~ to the forego'ng monthly pdyments of princ pal and interest required by the prom~ssory nofe secured hereby, rtarigsgor covenants f' and agrees ~o pay to m.ortgagee kdh each mon±h!y pay~^ent an add~~ional wm estimated by mortgagee to be equal to 1/12 of the annual coat of the follow- i ing: i f A-AI! real property taxes ievied o~ auessed agai•~st the above described ~cal estate. i - 8-Premiums on fire and windstprm insurance aa herein req~~red to be carricd on the improvements situate on the sbove dewibed ; premises. ~ C-Premiums on such mortgage guaranty ~r.surar~ce as mongagee shal{ from t~me to ume deem fit to u~ry on the (oan stcwed hereby. } Mortgagee shail from t~~ne ro t~me notify mortgagor ~n writing of the amounr due and payabk hereunder snd such sum shall thereupon be due and i pzyable on the doe eiate of the ne~ct monthty payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a chanpe in wch ~ ; a~:ount. Sucfi sums sha!I be apptied by mortgagee toward the payment of real property taxes, inwra~ce prem:ums, and mortyage guaqn u~wrante ~ f P~emiums. i - • ~ s i IN WITNESS 11HEREOF, the sa:d h10RiGAGOR has hereunto set his harsd and seal the da u~d ear f"ust aforesaid. ' ' ~ Sipned, Sealed ar.d delivered in ~he P.~~« or: ~ACK~JS fiMPERPRI56Sy~u1 ~ fllc~j A~i~ AEC~R'JED , r~ • , E COUNTY FIA. ' , ! / ~t ( St. LUC; ~ ~ . ROG~~ ?0'1RAS - • ~ : CIE~K C1RCUtT ~OUpt Frederick B. C~ n, ~ T~;~+ . ` - _ , . Rc~~a~ vEA:f~EO~ Presideii~.- ~ ~ ~ -a• --~-~hc'~ ° ; - - - - - - - - - =3 -i~ sr ~ ~b . ~~_,~r~--- - ~ i- ? ~ 32f,4(1.S . . ; STATE OF FLORIDA COUNTY OF ST. LUCIE ; ~ ~ ~.t i ~ i HEREBY CERTIFY, That on this day of_ January , A. D. 19_2SL, ~ ~ oefore me personally appeared Frederick B. Guhse' ~ ~ ~ ~ X~ President7~Cf __$i~DUmoyDC , of ~ ~ _BACiNS ENTERPRISES, INCQRPORATED ~ a Florida ~ Corporation, to me ~4 known to be the per~on ~ described in and who executed the foregoing instrument and acknowledged the exe- ~ ~ ~ ~ cution thereof to be h;s free act and deed as such officer for the uses and purposes therein mentioned; and that he ~ afTixed thereto the official seal of said corporation, and the said instrument is the act and deed of said corporation. a ~ ~ ~ 4VITNESS my hand and official seal at Fort Pierce - , said county nd state. ; ~ 2his instruaent pzepared by ` " i ~ i _C , ~ i, A'.~ i Robert A. Sw'sher Jr. ~ ~ First Redeza~ Sav~ngs and Loan --~ota Public, in and for State a ny aresaid. ~ ~ Association of Fort Pierce My Commission Expires: ~_r'fb~.~ ~ , . _ ~ - i~ J r,~~~~ ~ . ~ ~ _ . . . , _r __r . ~ Checked By µ ' ` J.4 ~ 1 C ' ~ ~ • ~ ~ ~ ~ C^,~ ~ , ~ • C r~' Ir .ir6/ 7 iWC ~ ''~I /'/fi ~~~1~ ~ Y ! ~ ~ . . . - ~ ~ . ~ ~ ~+a _ ' _ ' ' ' ' ~ y'S~,7~ ~ ~ ' J . _ _ s~ @ ~ ~'~~'v.~s:-..s~4__.,-i _r _ ~ ~ . . . . _.m.` _ . _