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Home My WebLink About0770 i i . 10 late ~nd Cl'nlilli:lVD~ cc- ~ ' p~ y N:.r 6~i!~:ng: ^c:•. ^r ^e•a~s+?~ ~~}~~rt» on said land and un all eqvipmant and personally torered by Ihis mortg- age, wiih all premium9 Ifieieon pa~d in full, (fre insurance in the usual srandard policy form, tn a svm approved by the A10RIGAGtt, and wina;tor~n (nsurance in ~tie usvai standard pol;cy form, in a sum approved by the h10RTGAGEE; i~ such comoany or companies as Ihe A'.ORTGAGEE may direcl; and all fire and windstorm insurance pol~cies on any of said build~ngs, any interest therein or part thereof, in tht a99regate sum aforesaid or in excess ~hereof, shall conlain ihe usual standard mortgagee clause or such otner ciause as the Mortgagee may requi~e, making the loxs under said poli• cies, tach and every, payab!e to snid h10RTGAGEE as its i~!ereit ~nay appear, and ~ach and every svch pol~cy shall be promptly ass.gned and delivered to any helJ by said h10RTGAGEE es lurther security to said mortgage debt, and, no? less than ten (10) days in advance of the expirat~on of each policy, to de- liver io said h10RiGAGCE a rznewal thereof, toqe~her with a r~ce;pt for the oremium oi such renewal; and there shall be no ffre or ~vindstorm insuronce plnted on any of said bui!dings, any inlerest therein or par~ thereof, unless in the form'and with Ihe loss payab!e as aforesaid; and in the e~em a~y sum of ineney becomes pnyab!e unde? such policy or policies said MORTGAGEE ~hall have the option to receive and appiy tha same on accounl o~ ihe indebied- ness secvred hereby or to permii said ~AORIGAG~RS ro receive and use it or any part thereof for other purposes, ~v~thout th~rEbj ~vaivinq or ~mpair- ing any ~quity, lien or right ~nder or by virtue of this mo:lgage; and in the eveM sa~d h10RiGAGORS shall for any reason fail fo keep the said premisef so f} insured, or fail to deliver promptly any of said polities of insurence to said MORTGAGEE, or fa'rl p~omptly to pay lully any prpmium therefor or in a~y ; resprct lail to perfocm, d~scharge, execute, effect, tomplete, comply with and abide by Ihis covenant, or any part hereof, said MORTGAGEE may place and ' pay (or suth insurance or ai~y part thereof withoul watving or affecting any option, lien, tquity, or righ~ under or by virtue of ~h~s htortgage, end the full amount of ea:h and e~ery such payment shal) be immediately due and payable and shall bear interast from tho datc thereof uniil paid a~ the ~ate ot nine per tentum oer annum and together with such interesi shall be secured by the lien of lhis mortgage. 4. To permit, commit or suFfer no waste, impairment or deterioration of said property or any pari thereof. 5. To pay ell and singular the.tosts, charges end expenses, including a reasonable a?torney's fee and costs of abstracts of title, incurred or pa~d a1 any time by said MORTGAGEE, becaust or in the event of the failure on fhe pa~! of she said MORTGAGOR to duly, promptly and fully p~r(orm, discharge, i execute, eifecl, complete, tomply ~vith and ab:de by each and eve~y the stpulations, agreements, conditions, and covenants of 3aid promissory note and this mortgage any or e+iher, and sa~d costs, charges and experxes, each and every, shatl be immediately due and payable; ~vhether or not there be notice dr~ mand, aftempt to coNect or avit pendirtg; and the full amouM of each and every such payment shall bear iNerest irom ~he date thereof until paid at 1he rate of nine per centum per annum; and all said costs, charges and expenses incurred or paid, together w~th auch interest, shall be secured by the I~en of thi~ mortgage. A. That (a) in the event of any breach of lhis Mortgage or defautt on Ihr parl of the MORTGAGOR, or (b) in the evenf any of said sums of money herein referrad to be not promplly and fully paid within th~rty (30) days next aiter the same severally become due and payable, wilhout demand or notice, ~ or (c) in the eve~t each and every the stipulation:, agreements, conditions and tovenanls of said promissory note and th~s mo-tgage any or either are nof i ~uly, promptly and fully perlormed, d~scharged, execu~ed, effected, cor.~pleted, compl~ed wi~h and ab~ded tiy, then in either or any such event tha said ag- j gregate sum mentioned in said promissory note then remaining unpaid, with interest accrued, and aIl moneys secured hereby, shall becom~ due and pay able fortliwith, or thereafter, at the option of said htORTGAGff, as fufty and completely if a!1 of ?he said sums of monpy were originally st~pulated fo be pa;d on suth day, anything in sa:d pcomissory note or in this htortgage to the contrary not~vithstanding; and thereupon or thereafter at the op~ion of ; said MORTGAGEE, without notice or demand, suit at law or in equity, therefore or thereafter begun, may be p~osecuted as if alt moneys secured hereby ~ had matured prior to its instit'vfion. 7. That in the event that at the beginning of or at any time pending aoy suit upon this Mortgage, or to foretlose it, or to reform it, or to enforcc ~ payment of any claims hereunder, said MORTGAGEE shall apply to the Gourl having jurisd;ction thereof for the appo~ntment of a Receiver, such Court shafl ~ forlFi~vith appoint a receiver of said mortgaged property a(I and singutar, includ~ng atl and singular the income, p+ofits, essues and tevenves from whatever seurce cl~rfved, each and every of wh~ch, it being expressly ~mderstood, is hereby mor~gaged as if ipecifically set iorth and described in ~he granting and ? habendum tlauses hereof, and such Receiver shall have all the broad and eifective func~~ons and powers in anywise entrusted by a Court to a Reteiver, and s~ch appointment shatt be made by Such Gourt as an admilted equify and a ma~ler of absolute ?ighl to said MORTGAGEE, and without reference to fhe adequacy or inadequaty of the value of the property mortgaged or to the sotvency or insolvency of said h10RTGAGOR or the defendants, and that ~uch rents, profits, income, issues and revenues shall be applied by such Receiver accordi~tig to tfie tien or equity of said ~r10RTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effe~t, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants in said promissory note and th~s mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, 6ecomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, withoul notice to !he h10RTGAOR, deal w•i~h such suuessor or successor in interest with re(erence to this mortgage and the de61 hereby secured in the same manner as with Morrgagor ~v~thout in any way vit~ating or d~scharging the Mortgagori liabitity here- ~ ~nder or upon the debt hereby secured. No sale of the Fremises hereby mortgaged ard no forbearence on the part oI the 1.10RTGAGEE or et~ ~uccessors ~ or assigns and r.o extension of the time for the payment of the debt hereby secured given by the ~AORTGAGEE or its successors or assigns, shall aperate $ to release, d~scharge, modify thange or affect the original liab;l~ty of the MORTGAGOR herein, either in whole or in par1. 10. It is spec~fically agreed that time is of the essence of this tontract and that no waiver of any obtigation here~nder or of tfie obligation se- a;red hereby shatl at any time thereafter ba held to be a waiver of fhe terms he~eof or of the instrument secured herby. • 11. In add~fion to the forego:ng monthly paym~nts of princ'pDl and interest required by the promissory no!e secured hereby, mortgagor tovenants and agrees to pay to mortgagee with each monthly payrnent an add~rional sum estimaled by mortgagee to be equal to 1/12 of fhe annual cost of the follow- ing: ~ A-Alf real property taxes levied or assessed against the above described real estale. t B-Prem~ums on fire and windsrorm insvrance as herein requ~red to be carried on the improveme~ts situate on the above d:scribed premises. ; C-Premiums on such mortgage guaranty ir.surance as mortgagee shall from t~me to time deem fit to tarry on the loan secured her~F~y. ~ Mortgagee shall from time to time noti(y mortgagor ~n writ~ng of the amount due and payable hereundzr and such sum sha1l,IFxrLLpon 6e due and payabte on the due date of rhe next mont~ly payment and each successive momh thereaffer ur,til moxtgagee shall notify nitrl a$oi~~fEt~=~F~tnge in svch amount. Such sums shall be applied by mortgagee tov~ard the payment of real property taxes, insurance prem:ums, and,:irJ~Rgag~ ~g~araAt~r,:jilsyrance p~emiums. _ iN WITNE55 WHEREOF, the said h10RTGAGpR has hereunto set his hand and seal the day and year fyrst afor ~ ~ ~ Signed, / ~led an~ elivered in the presence of: J p? Ci~TZ(~ T ~:f (r~~jH' l• INC . ~ / C, ~F ~ s aM~y • ~ e 9, . ~ ' t(seaq ~ ~DOGVME~SP~'%, 0 O f . ' ' ~ . ~ _ ' ~ f Seal) ' ~'~~f~ ' Gy~ ~ ` v ' ~ ~ ~ ~ 1.~~66 z~;~~" 7 5 _ obert I~i. Moo ~r~~,e:'.~:: ~ - - ~ . ~ ~ ~ ~A~ . *.Y= ~re s~d'en~~~°q . - - O ~ . ZR~L~'6i^;_~oF:~" - - - - - - - - - - ~ : ~ ~ ~ 4~~pj9~,~8 ^ ~ STATE OF FLORIDA N COUNTY OF ST. IUCIE i I HEREBY CERTIFY, That on this ~ ' day of January , a.o. ~9 66 , i Wefore me personally appeared ~5~._ V. S108n and _ RobeY't M Moore 'respectively President and 9f~c~f~}cvc , of CnMMITNTTY MFTHnDT~T ('H iR('H¢ TN~_~ a_ non-nrofi t_Fl ori ~g Corporation, to me known to be the petsons described in and v,iho executed the foregoing instrument, and severally acknowledged the exe- ~ ::•.j;:'_ : . cutior~.tFLer~qf ~osb~~fiJieir free act and deed as such officers for the uses and purposes therein mentioned; and that they ` affiked ~ttiereto tiie:effic,ia( seal of said corporation, and the said instrument is the act and deed of said corporation. ~ VtiITN~S~'my~hafld,'and o#ficial seal at Fort Pierce , . : , said county and state. ~l'.. l.1~-' _ ~ !}FiLEO aND RECORD~D _ _ . • ~ - ~~~t£t8-~-~~~_..._~ 0 ~ ary Public, i and for Stafe and County aforesaid. ~C~ My Commission Expires: Notary Pubt~c, gtate of ~torida at Lar ~ t Y Comm;ssion Ex ,re P, g. 6, 1967e . •,~'~tlt; ~f•Fi 3 ~I'1 ~ 2 ~o~t B5C Americ~n Sunty s : - _ ~~ot ~l-t~- Co, oi N. Y. ' - _ . _ . _ . • _ _ ~ ~ 5~t~>1 ~ Gr t-LUI-~lU;~ ~ ~ , ; - - - ~ ~ j Y, c~ DOCUMENTAp~STAMP TAh ~ , r! `i";ti ~ ~ = ' .C:; - 0 R .J ~ _ JAN13'66 ;d'~t V''`s' _ . 600,'(1~~ ; F, ~ .~~1~. - ~ ~J~ - = 7 5 0 0~ ~ " , ~ ~ 9 ~ CQMPTROLIEA ~ ~r - ~ , ' P.H.1S0138 . 4o-a~=-------....---- i