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Home My WebLink About0129 ~ i ~ 3. To place and continuously keep o~ thc bui!d~ngs now or hereafter ~~tuata on said land and on alt equipmznt a~d personally covered by thit mortg• ege, with all prem+ums ~hereon pa~d in (utl, fire insurance in the usuaf s~andard po!icy form, tn a sum aµproved by tha h10RTGAGEF, and w:nditorm iniurance in Ihe usual standard pof,ty form, in a sum approved by the h10RTGAGEE, in such company er tompanies as the h10QiG.4GEE may ~ direct; and all fire and windstorm insurance policies on any af s~id buildinys, any inlere~l iherain or part thereof, in the aggregate sum atoresaid or In excesi therecf, shail contain the usual standard mortga~ee ctauas or suth other clause as the /.lo~tgag.~e may reqvire, makir~g the loss under said poti• j cie~, eath and every, p~yab!e to said h50RTGAGEE as its inleiest may app~ar, and each snd every 3uch policy sfiall be promptly assgned and delivered to any held by said h10RTGAGEt aa furiher seturity tu sa~d mortgaga debt, and, not less than ten (10) deyl in advance of the expiration of each poGcy, to de- liver to said A10RTGAGEE a renewal thereof, fogether with a receipt for !he premium of such renewal; and Ih~re shall be no fire or windstorm ins~rance plated on any of said 6vild~ngs, any interesl iherein or part thereof, unless in the fc:m'and wiih the loss payable as aforesaid; and in the event any tum of monay becomes payable under such policy or policies said MORTGAGEE ehall have the op?~on to receive and apply 1he same on accoun~ o~ It.e indebted- ness secu~ed hereby ot to permit said MORJGAGORS Io reteive and use it o? a~y part thereo( lor othcr purposes, ~viihout th~reb~ waivin~ or unpair ing any equity, lien or riqht undrr or by virtue of this morsgage; and in the event said h10RTGAGORS shall for any reason fail to keep the said premises so insured, or fail to deliver p~omptly any of said poticies of insurence to said A10RIGAGFE: or (aii promptly lo pay (ully any p~e~»ium therefor or in any re}peci fail to periorm, d~stharge, execute, effect, complete, comply ~vi~h and abide by th~s covenanl, o~ any part hareof, said MORTGAGEE may place and pay for such insurance cr any part thereof without walving or a((ecting any option, Iien, equity, or right under or by virtue of this Mo~tgage, and the tull amount of each and every such, payme~t shal! be immediately due and payable and shall bear intecest from tha date thereof until paid at the rate ot nine per centum per annum and to3ether with such iMerest shall 6e secured by the lien of this mortgage. 4. To permil, commit or suf(er no waste, impairment or deterioration of said property or any part thereof. S. To pay all and singular the.costs, charges and expe~ses, including a reasonable attorney's fee and costs of abst~acts of ~itle, incur~ed or paid at any tima by i~id ~ Cr'iG :G:E, because cr i~ sh~ even! of the failure on the par! of the said h10RTGAGOR to duly, promptly and fully perfc;m, d~schargz, exetvte, ef(eu, complete, comply with and ab:de hy each and every the stipufations, ayreements, conditions, and covenants of said promissory note and this mortgage any or e~~her, and sa~d costs, charges and expenses, each and every, shalt be immedistely due ar,d payable; whether or not there be not~ce ds mand, attempt to collect or avit pend;ng; and !he full amount of eacfi and every s~ch paymenl shall bea~ interest irom the date Ihereof until paid at the rate of nine per cent~m per annum; and all said costs, charges and expenses incurred er paid, together ~v~th suct~ interest, shall be aecured by the lien of th~s mortgage. 6. That (a) in the eveM of any breach of this 141ortgage or default on thP part of the MORTGAGOR, or (b) in the event any of satd svms of money harein referred to be no1 promptiy and fully paid within thirty (30) dsys next afrer ~he same severally become due and payable, without demand or notice, or ~c) in the everlt each and every the stipulations, agreements, conditions and covenants of said promissory note and th~s mortgage any or e~lher are not ~uly, promptly and fully performed, discharyed, exetuted, elfe[ted, tompleted, complied v~ith artd abided tiy, then in eithe: or any svch event the said ag• gregate sum mentioned in said promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall be~~me due and pay able forll~with, or tF~ereafter, a1 the option o( said 1t10RTGAGEE, as fuNy arx! completely as if all of 11~e said sums of monzy were originally st~pulated to be paid on such day, anything in said promissory note or in this Mortgage to the contrary not~vithslanding; and thereupon or thereafier a1 the option of said MORTGAGEE, without not~ce or dema~d, suit at law or in equity, therefere or thereafter begun, may be prosecuted as iF all rr,oneys secured hereby had matured prior fo ils +nslifufion. 7. Ihat in the event that at the beginning of or at any time pending a~y su~t upon this hlortgage, or to fereclose it, or to reform it, or to enforce payment of any claims hereunder, said f.10RTGAGEE shall appfy to the Court having jurisd~aion thereof for the appo~n~ment of a Receiver, wch Court sfiatt ~ fortliwith appoint a receiver of said mortgaged property all and singular, includ~ng atl and singu!ar the income, profits, issues and reven~es from whatever ~ source derived, each and every of wh~:h, it being expressly unders~ood, is hereby mortgaged as if :pec~fically sel for~h and described in the granting and hnbendum clauses hereof, and such Receiver shall have all the broad and effecr;ve funct~ons and powers in anyw~se entrusted by a Co~r~ to a Receiver, and tuch apPointment shall he made by such Court as an admitted equity and a malter of abselute right to said MORTGAGEE, and without reFerence to the ~ }'.P'vy'.z?.~ :^u~:^y.°^y~., ~ aRequeiy ar inatieyudty G: ii~c Vs~iie ~,i fh= „ !~g ::~ye~~y ;r.cnl.,~nry nf aaid MORTGAGOR or the defenvinis; aAd:lhat such rents, profits, income, issues and revenues shall be apptied 6y suth Receiver according to the ~ien or equity o! said MORTGAGEE. and fhe `pr,~c+jce;'of.-=uch Court. " ' ' '1.. , , 8. To duly, promptly and fully perform, discharge, execute, eifect, comptete, comply wi~h and abide by each and every 'the s~ibulatiqns,•agr~emehts; ' i con itions and cove~ants in said promissory note and this mortgage set forth. , 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person ottse~_Ihens~ht,MORTGAGOR;- the - MpRTGAGEE, its svccessors and ass;gns, may, wifho~i notice to the h10RTGAOR, deal with wch successor or successor in.:interEst;~;yit~ teference. to _this ~ mortgage and the debt hereby secured in the same manner as with lAorrgagor without in any way vitiating or d~scharging': 1Fie. Mortgagors' iiability FSetz- . ~ under or upon the debt hereby secured. No sale of the premises hereby mortgaged and rto fo~bearante on the pnr~ of 1he:.lhOR~(3AGEF'or its succgssors. ~ or assigns and no exrens~on of the time for the payment of the aebt hereby secured given by the 1.10RTGAGEE or its succe~:ois_or, assigns,:aljall bperate ~ to release, discharge, modify change o? affect the original liabil~ty of the MORTGAGOR herein, either in whole or in parl. ' , ~ ~ 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligation herevnder or of the ob!lgetion se- ~ ccred hereby shail at any time thereaffer be held to be a waiver of the terms hereo( or of the instrumero secured herby. ~ 11. !n add;tio~ to the foregoing monthly payments of princ'pDl and inrerest required by the promissory note secured hereby, mortgagor wvenar.ts and agrees to pay lo mo;tgagee writh each monthly payment an addirional sum esnmated by mortgagee to be equal to 1~12 of th~ annuaf cost of the fottow- ~ ing: ~ A-Alt real property taxes levied or assessed agains~ the above desaibcd real estaie. ~ B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improveme~ts situate on the above describ~d prer~~ises. ~ C-Premiums on such mortgage guaramy insurance as mortc~agee shall frem r~me ro time deem fit to carry on the ban secured lwrebjr. ~ hlort a ee shall from time to time notit mori a or in writ~n of the amount due and ' ~ j 9 9 Y 9 g g payable hereundar and such sum shaN thereupon" be.•due arfd ~ payabte on the due date of rhe next monthly payment and each successive month thereafter until mortgagee shall notify mortgagor of,'a,•change in such~•. " ~ amount. S~ch s~ms shall be applied by mortgagee toward the payment of real property taxes, insurance prem;vms, and mOrigage'-gvaran~~r trSivra~g ~ " premiums. ~ . ~ . ; V~ITNESS WHEREOF, rhe zaid h10R7GAG~~~ `./I i''~l~~w~~tCrQ ~~ai the day an ear firsf atoresaid. . t-3 ~ ~ i ned, aled elivered in .he, presence of• ti~ rQ ~l _ ~~Gn aub Ente ris s- 'in ~~ts~au•' ' ` ~ ~--~~o~.c-l7-" ~ ' P: i' e a fi t:. . -7 ~ ~ ~ ~y z 1 j' j ; ~ ' L -•c~ ' ! ~ C . . ~8 8 • ~ ~ ~ ~ • ~ -~-~~G~_3~ . - - -(seaf) - - - - - HOGEj~ f C~ rl~.~.~, - - - . - ~LERK ~ STATE OF FLORIDA Sr~ ~~1~p~I~~T+.~~(UCIE I NEREBY CERTIFY, 7hat on this~~day of JanUerj~ _ A.D. 19 ! , , before me personal(y appeared Edw& rd B, Traub, Sr . a~d Ethe 1 M. Traub ~ respectively President and Secretary & Treasurer , of ' ~ ' Tr~tih FntQr~jQeQa Tnc , a Florida ~eorporatio~i;~to. me i( ~ ~ ` ~ ~ ' ~ known to be the persons described in and who executed the foregoing instrument, and severalt~C'ack~owledged'~ihe exe- cution thereof to be their free act and deed as such officers for the uses and purposes therein ~ention~d; •and fha't. they ~ affixed thereto ihe officia! seal of said corporation, and the said instrument is the act and c~ed~ of saicf "corporation. ~ ; WITNESS my hand and official seal at Fort Pierce , said co ty and s#ate. ~ I ~ , ~ • . ~ " ; otary ublit, in and for State and County `aforesaid. NOTARY PUBLIC. S7ATE of FLORIDA at LARGE { MY CdMh1tSS10tt EXPIRES A.°R. 24~ 196~ M mission Expires: _~-(a~ ~ i, ~ I . i ~ Boor,~3~1 ~2g ~ i--, 'f/ ~ ~ j ,`I ~