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Home My WebLink About0138 3. To place and continuously keep on the 6ui!din9s no~v or hereafter situate on said land ar.d on all equip~nent and personaily covered by this mo~tg• age, v+ith al) premiurrts thereon pa~d in full, fire insurance in th: usual standard poticy form, tn a sum appruved by Ihe h10RTGAGEE, and windstorm insuronce in ihe usua) siandard policy form, in ~i aum approved by the MORTGAGEE, in such company or companies as the MORTGAGEE may dirett; ond atl (ire ancl wirdstorm insurance policies on any of said b~ild~ngs, any inlerest Iherein or part Ihereol, in the aggregate sum aforesaid or ~ In excess thereof, ihall contain the usv~l standa•d mortga9ee clause or iuch olhzr clause as the Mortgagee may require, making the loss vnder said polf• , tie~, each and avery, payable to said h10RTGAGEE as its i~~erest may apa@ar, and each and every wch policy tihall be promptly ass:gned and delivered to eny heW by satd MORTGAGEE as further security to said mortgage debt, and, not less than ten (10) days in advance of the expiration af each policy, to de- - ~ - • • - - - .ti.~~ ~,,.~~.,.,c. - - - - . . ' ~ iiY2t 13 Sala A~vKlVrivtc d re:;L•wd7 l~tereui, Iv'~eiiici sv~~,~ a.c.c~~,. f::r:t::::::: ~ n• ~ plated on any of said buildings, any intereit therein or part the~eof, unless in the (orm'end~with tl~e.loss payable as aforesaid; and in the evenl any sum of money becomes payable under such policy or policies said MORTGAGEE shall have the option to receive and apply tha same on accounl o~ Ihe indebted• nets secvred hereby or to perm~t said ~dORTGAGORS to receive and use it er any part thereof for ofher purpose:, w]~hout thareo~ .vaivin~ o~ uopair- Inq any equity, lien or right under or by virtue of th~s morfgage; and in the event said h1pRTGAGORS shall for any reason fai) to keep the said premises so insured, or fail to deliver promptly any of said p~licies of insurence to said MORTGAGEE, or fail promptly to pay fully any premium therefor or in any reaped fail to perform, discha~ge, exec~te, ei(ecf, comp!ete, tomply with and abide by this covenant, or any part harrof, said MORTGAGEE may place and pey {or such insurance or any part thereof wifho~t watving or affecting a~y option, lien, equ~ty, or right under or by virtue of Il,is hlortgage, and the full amov~t of each and every such payment shall be immediately due and payable and shall bear interest from tF~a date thereof vntil paid at the rate o1 nine per centum per annvm and together ~vith s~ch interest shall be secured by the lien~ of this mor~gage. To permit, commit or suffer no ~vaste, impairment or deterioration of said property or any parl thereof. 5. To pay all and singular the ~costs, charges and expenses, including a reasonable attorney's fee and costs of abstracts of title, incurred or paid at any time by said MORTGAGEE, because or in the evant of the failure on the part of the said MORTGAGOR to duly, promptly and fully perform, discliarge, execu'e, effect, complete, comply with and ab;de by each and every the stipulations, agreements, conditions, and covenants of said promissory note and this mortgage any or either, and sa~d costs, charges and expenaes, each and every, shall ba immediately due and payable; whether or not there be not~ce d~ mand, attempt to collect or auit pend~ng; and the full amount of each and every such payment shall bear interesi from Ihe date thereof unlil paid at the rate of nine pPr <entum per annum; and all sa~d costs, charges and expenses inNrred or paid, together ~v~th such interest, shall be setured by the lien of th~~ morfgage. 6. That ta) in the event of any breach of this hlorlgage or deFavlt on the par: of the MORTGAGOR, or (b) in the event eny of sa~d sums of money herei~ referred to bs not prornptty and fully paid wiihin thirty (30) days next after the same severally become due and payable, wi~hout demand or notice, or (c) in the evertt each and every Ihe stipulations, agreements, conditions and tovenants of sa;d promissory note and th~s mortgage any or either are no1 ~uly, promptty and fully per(ormed, discharged, executed, effected, completed, tomplied with and abided 5y, then in eithe~ or any such event Ihe eaid aq• gregate sum mentioned in said pramissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay- . able fortliwith, or thereafter, at the opt~on of said h50RTGAGEE, as fully and comple(ely as if all of the said sums of money were originally st~pulated to be paid on such day, anything in sa:d promissory note or in this hlortgage to the contrary nonvithstanding; and Ihereupon er thereafter at the option of !aid MORTGAGEE, without notice or demand, suit at law or in equity, therefore or therea{ter begun, may be prosecuted as if all moneys secured hereby had matured pnQr fo its inslitution. 7. That in the evenf that at the beginning of or at any time pending any suit upon this Mortgage, or to loretlose it, or to reform it, or to enforce payment of any claims hereunder, said h10RTGAGEE shall apply to the Court hav~ng juri~diction thereof for tne appo~ntment of a Receiver, such Cour~ zhall forlliwith appoint a receiver of said mortgaged property aN and singular, indud~ng all and singular the income, pro~its, issues and revenues (rom whate~er source derived, each ar.d every of which, it be~ng expressly unders~ood, i: hereby mortgaged as if spec~fically set forth and described in the granting and habendum clauses hereof, and such Receiver shall have all the brQad and effective funtt~ons and powers in any~vise entrusted by a Court to a Receiver, and tuch appointment shall be made by such Court as an admitted equity and a matfer of absolute right to said MORiGAGEE, and withoul reference to the edequacy or inadequacy of the value of the prbperty mortgaged or to the so~vency or insolvency of said MORTGAGOR or the defendants, and that such ren~s. ornfit:. income. iuues and revenues shall be apnlied by svch Receiver accordinq ~o the lien or eqvity of said MORiGAGEE and the practice of s~ch Court. 8. To duly, promptly and fully perform, d~scharge, execute, effect, complete, ccmply with and abide by each and every the stipulations, agreements, conditions and covenants in said promiisory note and this mortgage set forth. 9. Thaf in the event tha ownership of the mortgaged premises, or any part thereof, 6=comes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, ~v~thout notice to the MORTGAOR, deal with such successor or successor in inferesl with reference to ihis mortgage and the debl hereby secured in the same manner as with h5ortgagor without in any way vi~iating or discharging the /Aortgagors' liability here- f under or upon the debt hereby sec~red. No sale of Ihe premises hereby mortgaged and no forbearance on the part oF the N10RTGAGEE or its successors or assigns and no extension of the time for the payment of the deb~ hereby secured given by the h50RTGAGEE or its successors or ass:gns, ahall operate to release, d~scharge, modify change or affect the original liab~lity of the A1~ORTGAGOR herein, either in ~vhole or in part. 10. It is spetifically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligation se- ~2 a;red hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. ~ 11. In add~tion to the forego;ng monthly payments of princ'pol and interest required by the p~omissory no!e secured Fereby, mortgagor co~enants and agrees to pay to mortgagee with each monthly payment an add~iional sum estimated by mortgagee to be equal ta 1 j 12 of Ihe annual cost oi the fo!low- ~ ~R`~~ f A-All real property taxes Ievied or assessed against the above described real estate. ' r~_ ~ B-Premiums on fire and windstorm insvrar.ce as herein requ~red to be carried on the improveme~ts situate on the abovZ descvbed premites. ' C-Premiums on such mortgage guaranfy insurance as mortgagee shall irom t~me to fime deem fit to carry on the Inyn iewrefi here6yt.: T hlortgagee shatl from time to time nofify mortgagor in writing o` the amount due and payable hereunder and such;ur~ shall 1hefEJpo~1-be dUe en~ payable on the due date of the next monthly payment and each successive month thereafter until mortgagee shall notify_mDrtgag;qr Rf a change in ~vcK ~ amount. Such sums shall be applied by mortgagee tovrard the payment of real property taxes, insurance prem;ums, an~ moitgage-g~iaTnt~ l~sUrant_a Z ' . 4 ~ . premiums. _ _ i tN Y,IITNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and ~eal the day and year first aforesaid. : t'• s ! ~ ; . ~ Se d and deli ered in t pres e of: ~ : D. A . D. ~ ~ f,, ' ~ ~ seal) 'pf ~ N By: ~ i~~Pres ! -Y . ' Se~r~Tre~~ . - - ~ , STATE OF FLORIDA COU~ QF SAINT L~JCIE I HEREBY CERTIFY, T/iat on this day of J~r~t~r~ , A. D. i9 66 , , Young Dickson _ and J• W. Dickson be(ore me personally appeared I respective~y ViCg" President and Secretary ~ Trgasurer of _____Q~ D. ~ IriC . , a Flori da corporation, to me known to be the peraons described in and who executed the (oregoin$ instrument, and aeverallq acknowledged the exe- cution thereof to be their f ree act and deed as such o{(icers f or the uses and pwposes therein menttaned; and that they a//ixed thereto the of~icial seal of said corporation, and the said instrument is the act and desd of safd corpomNon. WITNESS my Tiand and ojfictal seal at Fort Pierce aaid countq and state. ~ c ..~~i . . . . , ~ Notary Public, in and f or State and Count~.af bresatc~' _ . ~ ED ~'1Y Commission E ires ' t ~ ~ , ' = , CaR~ ~totary P~Etic, St:t~ ~i , ~ ~ n~ _ . 3...~~• , . . 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