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Home My WebLink About0119 ..y~-..e-a>.w...:. - - . , . y ]3 • i - • ~ ~ ~ To pisca •nd conlinuou~ly lceep on tha bulldingt now or hore~fler ~ituets on s~td I~nd end on all eqvipment and psrton~i3y eovared by 1hU mext~ ~ sQa, wlth alf pramium~ Ihtreo~ pa?d tn full, (ire Irssur+nce in the usval ~~andard policy farm, in a~um approvad by the MORYGAGEE, •nd windstam tmwaac~ in ihs usua) f~uxl~rd ~olicy /am. in a svm approvad by the MORT(3AGEE, In •uch company ar compantes ss the MORTGAGEE may ~ ti dkK~J +nd all fira and wtnchturm iniurancs poiicies on any of ~aid b~i;d~ngs, any Interast therein or pari thereof, in the aggregeta •~m alortfeid a ~ in ~xc~ts thareof, thalf conlain Iho us~al ~tandard rnartqagee clause o~ such o~her clause as tha Mortgagee may teqvire, m~ktng the los~ under ~aic! po1N , CiN, eath and ev~ry, payab~e to tatd MORTGAGEE a ib IMerett may ap{xar, and each and every tuth policy ~hall be promptly asf:gn~d and deiivared 10 ~ any held by ~aid MORTGAGEE as f~nher tecuriry to seid morignge debt, and, not lass than te~ (10) dayi in arSvance of the expira~ion of each policy, to da (lvtt to tald MORTGAGEE a tenewal thereof~ togelher w(ih a ~eceipt for Ihe prefiium of tvch ronawalj and Ihere ~hall be no fire or windstorm Ins~ron<e pl~c+d on any of said b~ilding~, any intere:i tixrein a part thucof, unless in the /orm and with the los~ payable as atoresald~ e~d tn iha event any ~um ~ of money betoma~ psyab~e ~nder ~uch policy or policies ~ald MORTGAGEE sha~l have ~he option to ~rceive and apply the sama an acco~nt o( the indebted- nsis tecu~td hereby w to permit faid MORTGAGORS ro receive and ~se It a any parl thereof for olher purposes, without Ihereb~ waivi~~g or impair- h~ ~nder w b virtue of ihis mort a e~ end (n tha event teld MORTGAGORS shall for any reason fall to ktep the sald premises so ~ i?~ any eqvity, Ifen or r19 Y g 9 t- ku~red, ot t~ll to daliver promptiy any oi said polities of Insurenca to taid MORTGAGEE, or faii prompNy to pay fully any premium therefor or in any E t~spact fail to per(orm, discharge, exec~te, effect, comptote, comply wi~h and abide by this covenant, ar any part hareof, said MORTGAGEt may place and ~ 'i pay fa iuch lruv~ance or any parl ihereof without waiviny or affecting any op~ion, 11en, equity, or ~1ght under or by virlue of thit Mortgage, and the ' full ~mount of each and every :vth paymant ihall ba fmmediately due and payable and ~hall bear interos~ from tha date thereof un~il paid et the rate o1 ~ ~ nine per centum per ~nnum and together with tuch Interest shali be secured by ihe lien of ihit mortyaye. j 4. To permlt, commit or sufFer no waste, Impairmsnl ot deteriorotion of •aid property or any parl ihereof. i ~ 5. To pay all and singular the costs, chargr~ +nd expenies, inctuding a reasoneble altwrtey's fea and cosb of abitracts of tide, T~tur~ed or pald t any ttms by iifd MORTGAGEE, because or In Ihe event of the failure on the pan of the said MORTGAGOR to duly, promptly and fuily pertorm, discharge, ~ ~ •xetvta, •ifect, complete, comply with and abida by each end every the etipulation~, agreemems, conditioni, and covenanb af satd promissory note and thi~ ~ mor?page any or ei~her, and iaid costs, charge~ and expenies, each and every, shall ba immediately due and payabfej whe~her or not there bo noTice de~ mand, atttmpt to coilat or wit pending= and the fu!I ammunt of each apd e~ery Yuch paymeM thall baar intareit from the date thereof unlil pald al the ' ° r~te of nine per centum per annum; and all said cotti, charges and expenses incurred or paid, together with tuth interes?, iha~l be ~ecured by the lien of thi~ ` ~ mo~tgiqe. ` ' ~ 6. Th~t (a) in tha evem of any breach oF lhis Mortgags or defaull on the part of the MORTGAGOR, or (b) in the event any of said sum~ of monay ' ~j Mratn referr~d to be rtot promptly ~nd fully pald within thirty (30) days next after Ihe •ame :everolly become due and payabie, witho~t demand or notice. ~ ~ or (c) In tM evtnt each and evary the ~tipulations, agreements, conditions and coven~nb of said promitsory note and th~s mortgege any or eiiher are nof i ~ iuty, promptty ~nd futly performed, discharged, exea+ted, affected, cempfetrd, complied wi~h and ab~dcd by, then in either w any wch event tho ~aid ag , preyst~ surti rt?entioned tn taid promissory note ihcn rematning unpaid, with intereil aa~ved, a~d all money: ucured hereby, shall become due and pay- ' ablo forthwifh, or thereafter, at the option oi said MORTGAGEE, as t~lly a~d completely as if all of the ~ald s~ms of money were originally ~tipulst~d to b~ paid or? such day, a~ything in ~eid promissory ~ota or in thii Mortgage to the comrary notwi~hstandingJ and thereuFon or thareaflar at the op~ion of uld MORTCaAGEE, without notice or demand, :vit et law o1 tn eqvity, therefure or thereaitrr begun, may be prosec~ttd at if all monays tat~rrd hereby ' had matured prior to its institution. 7. 7hat In tfie event Ihat at ihe begtnnt~g oF or at any time pending sny :uit upon thi~ Morigage, ar to foreclose it, or to reform it, or to enforce "r; ,paymeM of any claim~ here~nder, ssld MORTGAGEE ihall apply to the Courl having iurisdidio~ thereof for ihe appoinfineN of • Receiveq such Court ihall z. fwthwitfi appoinl a roceiver of iaid morlgaged property all •nd ~ingular, Includmg al) and atngvlar the income, p~otits, laives and revenve~ iror~i whatever ~ource detived, each and every of wfiicK, it beinQ expre~sly ~nderstood, is hereby mortgaged et if specifically cet fortF? and detuibed In the qronting and habendum cla~aes hereof, and iuch Receiver ihaU have all the broad and effective functions and power~ In anywise entrusted by a Covrt to a Receiver, and iuch appolntment shall be made by i~ch Court as an admitted equity and a malter of absolute right to iaid MORTGAGfE, •nd withoul reference to ths , ~deq~aty or inadeqvecy ot the valua of the property mortgaged or to the tolvency or insolvency of :a1d MORTGAGOR o~ the defandantf, and that su~h _ rants, profin, I~come, issues a~d reven~e~ ~hal1 ba applted by such Recefver according to the Ilan or equity of said MORTGAGEE and the proctica of iuch Court. _ ~ 8. To d~ly, promptly end fully p~rform, dischar9e, exeeute, effed, complete, comply wi~h and sblde by each artd every ihe sttpulation~, agreements, _ ~ tonditloru snc! covensnts in said promiisory note and Ihii mortgage set forth. ~ , 9. That In the event the ownership of the mortgayed premises, or any part thereof, become~ vested tn a person otfie~ than the MORTGAGOR, th~ MORTGAGEE, its fvccetewt and a~signs, may, witho~t notice to the MORTGAOR, de~l with tuch svtteisor or ~utcessor in interest with reference to thi~ morlysye and the debt hereby secured in the same msnner ai with Mortgagor wifhout tn any way vifiatiny or discharging the Morlgagors' Itability hero- : undet or upon the debl hereby sec~red. tdo s~le of the premises hereby mortgaged snd no forbearanse on the part of the MORTGAGEE or Its ~~ccessors a astignt sr?d no extenslon of tF:e time for the paymenl of tha debf hereby secured ylven by the MORTGAGEE or it~ ivccessors or assigni, th~l) operote ~ ' ro r~lease, di:tharge, modify change or aifect the original liability of tha MORTGAGOR Furein, either in whole w in psrt. " 10. It is specifically agreed that tlme I~ of the easence of lhis contrac~ and that no waiver of any obqgation hereunder or of the oblt9atton sc - Cur~d heaby shall at any time thereafter be held to be a waiver of the termi hereof or of the Instroment sscured herby. ; • 11. In addition to the forego:ng monthly paymentt of princ:pal and interest required by the promissory note sec~red F?ereby,.mortgagor covenanls ; ~nd sgrees to poy to mortgagee with each monthly payment an addirional sum estima~ed by morigagee to be equal to 1/12 of the annual cost of the follow- ~ t ~~9= . ~ - A-AO real property taxes levied or assessed against the above desuibed real estate. ~ B-Premiumi on fire and windstorm in:u~snce as herein requ~red to be carried on the Improvementf sitvete on the above descritxd premiu~. ~ C-P~emivm: on such mortgaye guaranty tnsuronce a• mortgagee shsll from time to time deem flt to urry on the loan ucured hereby. Mortg+9ee thall from time to time nolify mortgagor in wrifing of the amount due and paysblc hereundar and ~uch sum shal) thereupon be due and ~ psy~bl~ on ths dve date of the next moMhly payment and each svccessive month thare~ftet until mortysyee shal) notify mortgagor of a changs In svch ~ ,~i~ ' ~rnarnf. Svch ~ums ihall bo applied 6y mortgagee toward fhe payment af real property faxes, lni~rence premi~ms, and morigage guaranty ins~r~nte - pr~mtums. ' IN WiTNE55 WHEREOF, the said MORTGAGOR hsi hereu~to iet his hand and seal the day and year firtt aforeuid. , nad Saaled e deltve in t presence of: ~ .n •n ~ , , a • ~n . . ~ ~n STATE OF FLORIDA ~ ~ . • ~ Saint Lucie , ~ . ~r«f ~ ~~afly aP~si ~t Roland H. Vaillarit ~ ,~,d ` Rita M. VR 1.1 hi~ wtft, to nw well knawn snd known M rru to bo rFw Sndivldva4 desaibed in and who oxacuied the fot~yoirg fnstrums++t, and acknowl~a befor~ ms tMt th~y sz~cvted the sam~ for tF» pvrposcs j thrr~,~ .xpra,,,d. ,~nd rh, „~c# R i t a M. Va i l18 n t ~ ' T< wife of tM taid R01.QY1GZ H. Vaillant ~p«, a separett and prlv~t~ ! ex~min~Ywn by me taken separote arvd aparl from her NW hv}b~nd, acknowledyed to snd bsfore m~ that she txacuted t~id inatrument freely and volurr } tarily and without •ny compulsion, conatraint, appre~~° io~,~ fear of or from her :aid husband. ! WITNE55 my Mnd and officdal seal thts v day of November A, p, ~q~ ~ a k ~ ' ~ ~ . ` ~ . g Notary Publlc tn •nd for tM St~» of f{orida st t,~c ; . • 1~~l.~QQ My Commtuioo exptra~,~otarY Pubtlc. State of Fl~rlda at Lar~o ~,Ay Com~n?ssion Expi~es ~VOV. 3, 1'~~ , First F.d+al SaRl~6 to~n Aaoci,fion ~ . • pmerkan Sureh+ Co• o~ ed by f_-.of P,e.~.. FII~~~ID ~~ORDED , ~r'"wn..~~.,'~fi«~a.,,'\ ~ I'~0~ ~ K ~ vnt ~ ~ . ``~'',~•_u~ r. ~/~'~C I~..~..~.~o --~~1` `~-~^l~~~~t~.,. ! .i iv" ~ U ~ b i~'• . , , ~ - .h • ' ' f y' - t' 1964 N4V I 3 PM 3: 39 ~ • -1j ,r . ~ . i ~ . 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