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Home My WebLink About0563 3. To pix~ and coniinuou~'ry iutp on ii» bu~~~~r~i tww w h~rssfta s~tusts or sa:3 :sr.d sr.d cst sl: s~-s:y.-nr~t a:~ ~:s^^a~~Y c~Y-+c'J ~ r tt:+ **';,:=3• eg~, w~th ~II prem~ums ~hereon pa~d in lull, }ir~ in~wance ~n iht u~wl t~~~d~rd po~icy fam, in ~ wm appro~ed by th~ MOR~GAGEE, and w~ndswrm insur~nc~ in ~M ~sual it~ndud pol~t~ fam, fn a ~um approv~d by tM MORTGAGEE, in ~i+cA tomp+nY or compan~~s ai th~ MORfGAGEE m+y d~rect: and all lire and winds~orm insura~c~ po~Ki~~ on ~ny o( Nid buildinps, ~ny inler~st tMrein w p~rt the~eol. in Ih~ a9y~e9at~ ~um ~fw~sa~d a ~n exc~a tM~wf, ~Mlt conuin fM uswl u~ndud matqpe~ daus~ a such otM~ claua a?M Map~fl~a m~y req~u~, mak~np IM Iou unJa snd poli- dss. ~ach ~nd evNy. paYsbl~ ro aid MORTGAGEE at its int~retl may ~pp~a~. and esth u+d ~vtry tuch policY shall b~ p~ompNy au yned ~nd delivercd ~o . sny hetd by s~~d MORiGAGEE as tur~hN ~ecurity ~o said ma~9a~ d~b1. and. not I~~ IMn ~~e? l10) daYS in ~dwnc~ of ~he eapinlion ot each polky. lo da . liver to Nid MORTGAGEE a rt~ewal lhereof, Iop~~hM witA • rec~ipt for th~ prtmium ol suth r~newal; ~nd ther~ tha11 bs no f~re o~ winds~onn insur~nce placed on ~ny of ia~d build~nps. any l~iere~l ther~in ot part tMr~of, unl~ss 1~ tM (o~m ~nd with IFK Iw~ payabte as a(oresa~d: •~xl in ~he even~ •ny sum oi money becomet payabl~ unde~ wch policy a polKisi ~aid MORTGAGEE shall Fuw ~M opt3or? to rece7ve and apply the same on accoun~ o( the indebtrd- ness secu?ed ha~by Or b permif ~a~d MORTGAGORS fo reteiv~ and uf~ H o~ •ny pa~l therep( Iw o~hcr purF.cses, v~~~hout thzreu/ wa~vin~ or ~~~~p.,~r- ~r+g any eq~~ty. lien or riqht ~nder w by vinw of this mortyp~; u+d in 1M ~wnt uid INORiGAGORS ~hsll to~ sny roawn f~il to keep ~he sald premiie~ w ins~red, or f~il fo delive~ prompNy any of uid polities O( i~svrant~ l0 laid MORiGAGEE, o~ lail promptty ~o pay fuliy a~y pre~n~um ~ixre~o~ or in •r~y . resped fail ro p~rform, discharge, e:etute. ef(ect, tomplete, comply with ~nd ~bid~ by Ih~s tovenanl, or any part Iwreof, said MURTGAGEE ~nay piace a~~d pey fw such Insurance w sny part thereof witlw~t waivinp or ~ffectiop a~ryr optiay lit~, puity, w riph~ u~da o~ by viitw of this Ma~gays, and the ~ f~ll amovnt of each ~~d every suc6 payment ihall be ~mmedi~tely dw and p~y~bl~ ~nd ~hall beu intere~t irom tM date thereof ~n?~1 p~~d at t1k ra~e ol n~~,e per cenlum pe~ annum and toge~her with suth intereal shall be secured by th~ litn ol thif mwtys~e. 1. To pamit, commit a iuffa no w+st~, impairmenf or deterioration o/ ~aid prope~ty o~ a~y p+?~ ~hereof. S. To pay ~11 and siny~lu tM costs, ch+r~es and ~xp~nus, includinp ~ rsasonable ~no~ney's fee snd costs of absuscti ol t~r~e, tr,cwred or psid st any t~me by sa~d MORTGAGEE, betause a fn rhe ~vsnt oF tM (~ilur~ on the part of IM aid MORTGAGOR ~o duly, promptly and fully perform, d+uharg~. execure. effsc~. comple~~, comply with a~d ab:d~ by sach ~~d every ~Fw ii~tioru, pre~rnenh, conditions, and covenants of sa~d p~om~sso.y nofe and ~hii mongspe a~y w e~ther, and s~:d cos~s, cM~yes and expenses, e+ch and evary, iMll b~ immedi~tely dve and payabte; whether a ~or fhere be notice d~ mand, attempl to collect w wit pend~ng; and tM full amouM of each ~od eve?y svch p~yment shall bes~ iNereat from ~he date thereof unti~ paid at the ~.++e of nine per ccntum per am~um; and ell said costs, thar9es and expeoses inturred w paid. logether w.~h such interest, shsll b~ secured by ths lian of this mo~tgpt, ` b. That (s) in fF~e evcnt of any bre~ch of th~s Matyag~ w defa~lt on tM pan of ~he MORTGAGOR, or (b) in !he avent ~ny of srd :vms of money heroin rcferred to be not promptly snd fully paid within thnty (30) dayt neal after the same severally. betome due ar~d payable, withoul demand a notice, or (c) in tl~e evem each and every Ihe stipulations, agreemenri, condi?ions and cove~nn of ~aid promi:wry note ~nd th~s mwt9sge any or either are no1 iuly, promptly and fully periormed. d~xMrged, executed. ~ffected. completed. compl:ed with and sbided by. ttKn in e~ther o~ any such evenl ~he sa~d ag gregare wm mentaned in taid promissory not~ then remaininp unpiid, with interesl ~cuwd. ~nd all mor+eys setured herebY. shall become due and psy- eb!e forthwith, w therea(rer, at the option of said MORTGAGEE, as (ulty and comp~e~ety as ii all of ~he said sums of money ~ere a~g~natly st~pulated ro br paid on such day, any~hing in sa~d promissory no~e w in lhis Mortg~ge to tM contrary notwi~hs~anding; and thereupoo a thereafter at ~he op~~on of :a:d MORTGAGEE, withovt no~~ce or demand, suit ~t law or in equity, ther~Fae w thereatter beyvn, may be proucuted as if all money secured hereby i~d matured pnor to As institutwn. 7. TF~at in the event thaf at the beginning of or ~t sny time pe~din9 any tuit upon this 1Nortgage, w to fweclose it, w to reform it, o• to enforce pavment of eoy claims hereunder, said MORTGAGEE shall apply to tFx Cou~t having jur~sd~c~ion thereof ior the appo~mrneN of a Rece~vcr, svch Co~:t shaU Fcrrhwi~h appotnt a receiver oE said mortpaged property ~11 snd sirgvl~r, includu+y all and s~ngular the income, profits, issues snd revenues from whatever source derived. euh ~~d every of which, it beirg eapressly understo~d, is hereby mortgaged as if specifically set iwth and destribed in the granring and habendum dauses hereof, and auch Receiver sMll Mve •U the b?oad and effective funcnons and powen in anywise eMrusted by a Cour~ to a Receiver, ar+d s~cn appoinlment ~hall be made by svch Cowt ~s ~n admitted equity and a mrtter of absolute ~ight to said MORTGAGEE, ard without reference to fhe rdequacy or inadequacy of the value of the properry monga~ed ot to the wlvency or imolvency of said MORIGAGOR w the de(endants, and that such re~», proFits, income, iuues and revcnves sMll be app~ied by avch Receiver accord;nq to the lien or equity of said MORTGAGEE and ihe practKe of such Court. 8. To duly, promptly and Iully pe~fom~, discharge, execute, effect, complete, comply with and sbide by each a~d every the atipuiatiom, agreeme~ls, conditions and covenanu ~n sa~d promissory note and this mort~age set forth. 9. That in the event the ownersh~p of the mortgaged premises, a eny parf thereof, becanes vested in a perwn other thsn the MORTGAGOR, the :"ORTGAGEE, i» successws and assigns, may, without ~otice to the MORTGAOR, deal with such successw w succesaor in interest with reference to this ~r,o•!gage and the debt hereby secured in the same manner as with Mortgapa without in ~ny way vitiating q d~scha~ging the Mortgagors' liability Frrr~ ~^der w upon the debt hereby securcd. No ssle of the pr~mises hercby mo~fyaged and no forbear~nce on ~he part of the MORTGAGEE or its svccessors c~ aas~gns and no exte~s~on of the time fw the paymsm of 1he deb~ hereby secured yiven by tFN MORTGAGEE or its successors or au;gns, shall opera~e ~o re~eax, d~scharge, modlfy change w afiect the wiyinal liability of the MORTGAGOR ht~~in, eyhe~ in whole or io part. 10. It is spec~f~cally agreed that time is of the essence of this contract and tMt no waiver of any obliyat~on hereunder or of the obligasion sr c~rrd hereby shail at any time thereafter be held ro be a waiver of the temu Aereof a of the instrumen~ secured herby. 11. In add;t~o~ to the forego'ng monthfy payments of p~irK pat ane! interest requ~red by the prom~sso~y note secured hereby, mortgagor covenants a:-,d agrees ro pay to mo-tgagee rri!h eec~ month!y payrr.mt sn additional sum estim.ated b/ morty+gee to be equal to 1~ 12 of the annua! cosr of the follow- A-All rcal property taxzs tev~ed or assessed agai~st the above desuibcd real estate. . B-Prem~wns on fi~e and windstorm insurance as herein requ~red to be carried on the improvements situate on the above described premises. ~ C-Prem~ums on such mortgage g~aranty insurar,ce as rtartgsgee shall from time time deem fit to carry on the loan secured hereby. ' Mortgagee shail irem rune to t~me notHy mortgagor i~ writiny of the amount due and psyable hereunder and such sum sha~l fhereopwl be due and , r~vab!e on the due date of 1he next monthly payment and each successive mwith thereafter ur.til martgagee shall notify mortgegor of s chpnge in such j e• ovnt. Such sums sha:f be applied by mortgsgee toward 4he payment of real property taxes, inwrance prem:ums, a~id mwtg~O, guprarif~r` j~lwrance ~ ~:•en-.~ums. _ ~ ,.r.. : ~ IN WITNE55 LYHEREOF, the ie~d 1~RTGAGOR has hereunto/y~~~~j~dhe day Y ear ' st afwesaid. I~ t• TI~ ? Siyned. Seatqd and del~vered in the taence of: ~f l~1 ~M , ~ QOCER POITR~S ' . ~ n ~ C1EaK C~RCUI Cha s C: ~ ...L• :~F'~IE ~ ' ,a/ ~ • B j/ g'ttat0`~•' 'L`!*s! •4 ~ JuN 3 2 s9 7~ . '~~~n ; ~ ; ~ STATE OF FLORIDA COUNTY OF ST. LUCIE ~ I HEREBY CERTIFY, That on this ..z~ /~'L~~ day of J~~ , A. D. 19 77 , } S before me personally appeared Charles C. Piqnato and Betty T. Pignato respectively President and - Seaetary , of Yerktown Construction Cnrn~~at pn , a F~~+ri~a Corporation, to me , x known to be the persons described '+n and who executed the foregoing instrument and severally acknowledged the exe- r` c~tion thereof to be their free act and deed as such officers for the uses and purposes therein mentioned; and that they r 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 at Fort Pierce , said county and stat . ~ Rirst Fedezal Savings and Loaa . Association of Fort Pierce ` ~ Notary Public, in and f St and County aforesaid. ~ This instrwaent prepared bys ~ ~ ~ My Commission Expirest`~'°'"~ Fz-rc, Sec!~ of Mo.ida os ta-tir ~ Rebtst J. ~~a:~ .1t• My C.~+.^::sion f~y:r-s :v%. ?2, !91~ J ' ~ , ' ' . 6or.d•d L~ A ~.:r~::-~ . ~ _..,c_:.; Lo. 5 ~ _ - ' - ~ _ = ~ked BY ~ { , 1;:. - GR ~ ~~OK . 3 ~f ~ ~ ~ • ~ . . . ~ ' ' ~ ~ ~ . w . y - x;~ ~ _ _