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Home My WebLink About0219 3. To place and soroinuousiy keep on ihe bui?dings ~ow er hereaiter fituale on ~a~d te~3 and on a!1 e~ui~ ~z~t an~ ~:ets~:;ally tosered by thif mtutg- ege, with ell p~emiurt~ thereon paid in full, Fire insurence in tha ~sua~ standard policy form, ~n a sum approved by tlie MORTGAGFE, and wind~tarm insurence in the usual itartda:d pol~cy fwrn, In n sum approved by Ihe MORTGAGEE, in s~th company or companies a~ the MORTGAGEE m~y ditetl; and all fire ar,d windstorm insurance polities on any of said build~ngs, any intere~l Iherein or part thereof, in the aggregale sum aforctaid or In excesi lhereof, ihall co~lain the vival a~andard mori9agee ciause o~ such other ciausa as the 1Vtortga~ee may requ;re, meking Ihe loss unde~ ~aid poli- clef, each and every, pnyablo to said h10RTGAGEE as its inte~esl may ap~ar, end each and avery svch policy shalt be promptly ass'gned and delivered ta any held by ~aid h10RTGAGEE as f~rther secu?ity to snid mortgage debt, and, not iess tha~ ten (10) dayt t~ advance of Ihe axpiretian of each policy, to da- liver to ~aid h10RTGAGEE a renewal thcreof, fogether with a reteipt for !ha premium of such renewal; and Ihere ihall be no fire or windstorm insuronte placed on any of ieid buildings, any interest thrrein o~ perl thtreof, un?ese ln the form'and with the loss payable as aforesaid; and in Ihc event any sum of money becomes peyable ~nder such polity or polities said MORTGAGEE ~haft have the option to «ceive and apply the ~ame on ecco~nf o~ Ihs Indebted- nes~ itcured hateby or to Fermit said I~i()t~iGAGORS io reteive anci usa ii ~r any part thsre~! for othzr pvr~csns, }vifha~! thereb~ waiving nr impair- tng any equity, lien or right under oa by virtue of this mortgage; and in the event aaid A10RTGAGORS shall for any reaion fail to keep the aaid premisei io insured, or feil to daliver promptty any ~f said pol~cies of inturance to said h10RTGAGEE, w fai! promptly to p~y f~lly any premium therefor or in any respetl fail to perform, discharge, execute, effect, complete, compty with and abide by this covenant, or any part hereof, said MORTGAGEE may place and pay for such insvraitce ot any part thereof without watving or affetiing any option, lien, equity, ar right vnder or by virtue of this A1ortQage, and the futl amovn~ of each and every i~ch paymenf shall be immediately due and payable and shall bear interesl from the date thereof ~ntil paid a1 the rate ot r:~ ;fl:+,?_,~+ 3!~(ISj!Ll 3nd t~~ether with such interost shall be secured by the (ie~ of thts mo+tgage. 1. To permit, comm:l ot iuffer ~o waste, tmpairment cr deterioration of said ptoptrty ot any p~rt thertof. 5. To pay all and singular the•costs, charges and expen~es, inciuding a rea;o~abte attorn2y's fee and eests of a~stracis af litte, incvrred o~ peid at any time by said MORTGAGEE, becavsz or in the event of the failuro on the pa~1 of the said MORTGAGOR to duty, promptly and f~ily perforrn, d~icharge, execute, effect, complete, comply w~th and abide by each and every the stipulations, agreements, condition~, and covenanls of said promissary note and this mortgage any or ei~her, and said costs, charges and exper~tes, each and every, shatl be tmmediately due and payable; whether or not there be notice de~ mand, attempt !o collect or suit pending; and the fvll amouN of each and every such paymenl shall bear interest from the date thereof until paid al the rate of nine per tentum per ar.num; and all said cdsts, charg2s and expenses incvrred or paid, together with such i~terest, shall be secured by the lien of thii , mwtgage. 6, That (a) ~n the event of any breach of ihis Mortgage or default on tha part of the MORIGAGOR, or (b) in tha eve~t any of said sums of money herein roferred to be not promptly and fulty paid within thirty (30) days next after the same severally betome due and payable, withoul demand or notice, ' or (c) in the eve~t each and every the stipulafions, agreemenls, conditions and covenants of said promissory note and Ihis mortgage any o~ either nra rof ~ ~uly, promplly and fuUy performed, discharged, executed, eff~cted, compteted, complied with and abided by, then in eithEr or any svch event the said ag• flrM~te sum meNioneci in said promissory note inen remaining ~npaio, w~in i~~ie~csi a.~~~~,;, a:~ =.t ;=,~s~~ !-~ccr,• •_i.~ ~~j. ~ abte forthwith, or thereafter, at the option of said MORTGAGEE, as fully and tomptetely as if all ,of.,the said`svms of money wete originally ttipu!ated _ to be paid on such day, a~ything in said promissory ~ote or in this Mortgage to the contrary notwi~hstanding; and thereupon or thereafter at the option of said MORTGAGEE, ~vithout notice or demand, suit at law or in equity, therefore or thereaftar begun, may be prosecuted as if aH moneys secured hereby ' had matured ptior to its institution. 7. That in tha evenl lhat at the beginning of or at eny time pending any suit vpon this Mortgage, or to foreclose it, or to re(orm il, or to e~force payment of any claims he~eunder, said h10RTGAGEE shall apply ta the Courl having jurisd~clion thereof for the appointment of a Receiver, such Couit shall (orttiwith appoint a rece;oer of said mortgaged prope~ty all and singular, indud+ng all and singular 1he income, profits, issues and revenues from ~vhatever aovrca derived, each and every of wh~th, iT being expressly un~erstood, is hereby mortgaged as if specifically set forth and described in tfie granting and habendum clauses hereof, and such Receiver shall have a~l the broad and effective funct~ons and powers in anywise entrusted by a Courf ta e Receiver, end •uch appoin?ment ~hall be made by svcn Court as an admitted equity and a matter of absolute right to anid MORTGAGEE, and without refe~ence to the + adequacy or inadequacy of ths value of the prbperty mortgaged or to the solvency or insotvency of said MORTGAGOR or the detendants, and that such ~ tents, profiis, income, issues and revenues shatl ba applied by svch Receiver accardin9 to the lien or equity of said MORTGAGEE and ihe practice of such Court. 8. To duly, promptly and fully perform, discharga, execute, effect, complete, tompiy witfi and abide by each and every the slip~fations, agreements, conditions and covenants in said promissory note and this mortgage set forth. _ . 9. That in the event.the owrership of the mortgaged premises, or any part thereof, becomes vested in a person othe~ than the MORTGAGOR, the h10RTGAGEE, its successo~s and assigns, may, viithout notice to the JS50RTGAOR, deal with such successor or s~ccessor in intarest with reference fo this mortgage and the detst hereby secured in the same mnnner as with Mortgagor without in any way vitiating or d~scharging the Mortgagors' liability Ferr under or upon the debt he~eby secured. tYo sale of the premises hereby mortgaged and no forbearance on the pa~l of the /hORTGAGEE or its ~uccessors ; or assigns and no extension of the time for the payment oF the aebt hereby secured given by the MORTGAGEE or its auccessors or assigns, shall operato f to release, discharge, modify change or affect the original liability of the MORTGAGOR herein, either in whole or in part. ~ 10. It is spec~fically agreed that time is ef the essence of this cont~act and that no waiver of any obtigation hereunder or of the obli a `')se- : s a;red hereby shall a1 any time rhereafter be held tp be a waiver of thr terms hereof or of the inatrument setured herby. `~~~~?ti~~~~n'"~~~ . ~ 11. In addition to the foregoing monthly paymenta of princ'pyl and interest required by the promissory note secured hereby, mo~t~`ago~~~p~gmS:: ' and agrees to pay to mortgagee with each monthly payment an add~rional sum esNmated 6y morrgagee to be eqval to 1/12 of the ann~al`t~ o~ 1Ae # ~„8: , , p~ . A-AU real property taxes levied or assessed againsf fhe above desaibed real, estafe. ~ t' ,A~ ~=1~~ ~ ~~~D`h . B-Premiums on fire and winds}orm insurance as herein req~~red to be carried on the improvements situate on the above despi~e~prjeF~ise~~"~. ~-Premiums on such mortgage guaranty insurar~ce as mortgagee shall from rime to time deem fit to carry on the loan sec~r43:hareb~i~+ 4° f Mortgagee shall from time to time notify mcrtgagor in writing of the amount due and payable hereunder and suth sum shatt fktfeypd,n`~~§r~(ue ^n~~ payabla on the due date of !he next monthly paymeN and each successive month thereafter urtil mortgagee shall notify mortgagor of- ~~,h~~~~~~~,y{~~; ~ amounr. Such sums shall be applied by mortgagee tovvard the payment of rea~ property taxes, insurance Nremivms, and mortgage gtrpr~,ty 1tr~wrMf~e - ~ premiumi. ~i ~ J" : y . !M WlTNE55 WNEREOF, the said MORTGAGOR has hereunto sef h;s hand and seal the da and 'f~~'fj~~ j~ ~ y year firsl aforesaid. - ~~+r~ ~ •gn ted and deliv ~n e presente of: R. H. VAIL T ~1 RII ION C0, ~ INC, ~ , , - By • sea~~ . 8 s , s en s~an °~~2 cs~eq Attest: ~ HowBrd alton, Secretarys~ap - - - - ( . ~ ~ STATE OF FLOR(DA . COUNTY Of ST. LUClE ' 1, I HEREBY CERTIFY, That on thisr~~~--- day of Dec~mber , A.D. 19 6~, i before me personally appeared -R. H. Veillsnt and HOW81^d Dalton i ~ > respectively President and Secretary . _ - ` . . ` ~:b# ~ ~ t i R, H. VAILLANT CONSTRUCTION C0. INC. ~~~~1 a Flo7ride ~o~oiaftori;'t~; 3 ~ : ~ . . ' ~ known to be the persons described in and who executed the foregoing instrument, and severally.~c,{irto~+ilp~,'~~l~h~~~~Xe=:.; cution thereof to be their free act and deed as such officers for the uses and purposes therein me+ltlon8cj;~ ariti-t~at~tt~y~, j. affixed thereto the official seal of said corporation, and ihe said instrument is the art and deed of- S~i~ ~bcpma#r~b~i. ~ , , ; . • . - ~ WITNESS my hand and official ssa) at Fart Pierce , said cou ty and sfate. j ~ - r r~`'~,~ . ~ . y ~ f ~ ~Ep otary Public, in and for State and Count ,aforesaid. ~~L~D AN~ RECORg~OK ;~~:t_ N?y~-Commission Expires:l~otary Pu31~c, S~atP ~~Flo:~c!a at la,,~ !~1 C~~ - My Com~*issic~: t::;:r: ~.;,r. 3, lSu9 I ' • - - bonded by Ac.er.tan Fare b Cra~~ ty Co; ~ _ og - ~s,;~.~:~.1:.-----.. _ _ ~c _ _ ~65 DEC 31 PM 3 • ~::~;~v~.,~, : . I_4~6 . . .~r CI.E ~tkC:' ~ ~f'',~~,.., ~:r.=•. ~ ~ . ~ - ~ - ~ ` ~ ROGEi~ PU1Tft~n~RNTY, ~ ~,BOOK~.c?~ 2~~ ~ ~ LQ ~ ; - ~ ' J~~ tG'v _ - . . 4 ` ~r+ _