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Home My WebLink About1510 3. To place and tontinuovsty keap on !he build~ng3 now or hereafter s~tuate on said land and on al~ equipmeM and personelly covered by this martg- age, wi~h all p~emium) thereon pa~d in full, fire insurance ~n the usual s~andard po!{cy form, in a wm aFproved by the titiOR~GaGEE, and windsform insur~nce in the usual standard pot;cy form, in a sum approved by the h10R7GAGEE, in such comprny or companies ts the A!ORTGAGEE may di~tth end all fire and w~ndstorm insurancr pot~ties on any of said build~ngs, any intzresl Ihe~ein or part thzreof, in Ihc aggregate wm aforesaid or In extess thereef, shall coMain the usual standard mortgagee clause or such o!h_w tiause as the hlorigagee may require, making the loss under sa~d poli- ties, each and every, payab!e to said A10RTGAGEE as its inle~est may appear, and each and every such policy shall be prompHy asi gned and delivered ~o any held by said ~10RTGAGFE as furth~r security to said mortgage de6t, and, not lets than ten (10) days in advance of the expi~ation of each polity, b de- liver to said A1QRiGAGEE a renewal thereof, together with a rece~pt for Ihe premium ot such renewal; and ~here shall be n~ f;re o~ windstor,n insurance placed on any of said buildings, any intere:t therein or part the~eof, vnless in the form'and with the loss payable as aforesaid; ar.d in the even? any sum qf money becomes payable under such policy or pofi<ies said h10RTGAGEE shail have the option to receive and apply the same on account o~ ihe i~debted- ness secvred hereby ot fo permit said ~AORTGAGORS to reteive and use ii or any pafl ihc;eof fof otner pur~oses, tiv~thout th~rco~ •.vai~in~ ~r unpair- c~'.~ ey~~t„ lic.-+ c, r:yh! t^d_r ti•,• ~~:•r~~4 nF ~ht~ mnr!nt~oe: a~d in the event sa;d h10RTGAGORS shsll for any reason fail lo keep the sa~J premises so ins~red, or iaii to deliver promptly any of said polrcies ofV insurence to said A10RTGAGEE, or f~i( prompily to pay futly any prernium theretor or ~n any rospect faif lo pertorm, d~scha~ge, exe<ute, effecl, complete, comply with and abide by this covenant, or any pa~t hereof, sa'sd r.10RTGAGEE may place and ~ pay for such inwrance or any parl thereof w~thout walving or afieding ~ny op~ion, lien, equ~ty, or right u~der or by v~rfue of this Mortgage, and the ~ full amoum of each and every such payment sFatt be imr~~ediatety due and payablo and shaN bear interest from tha date thereof until paid a~ the rate o1 ' nine per centum per annum and to9ether with suth interest shall be secured by the lien of this mortgage. 4. To permit, commit or suffer no ~vaste, impairment or deteriorati0n ot said property or any part th>reof. 5. To pay all and singular the ~cosls, tharge~ artd expenses, induding a reasonab!e attomey's fee and costs of abstratts of title, incurred or paid at any time by said MORTGAGEE, becaust or in the event oi ihe failure on the part oi the said h10RTGAGOR to duty, p~ompNy and fully perform, d~scharge, execwe, effect, tomplete, comply w~th and ab;de by each and every the st7pulations, agreements, conJilion3, and covenams of said promissory note a~d this morrgage any or either, and sa:d costs, chargez and expenees, each and every, shall be immed~ately due and payable; wheiher or not there be notice dr mand, aitempt to coilect or suit ~ending; and the full arnount of each and every such payment shall bear intaresl from the date thereol until paid at the rale of nina per centum per annu:n; and all said costs, charges and expenses incurred or paid, together w~th such interest, shall be secured by the lien of this mortgage. 6. That (a) in the e~ent of any breach of this Mortgage or default on fh~ part of the A10RTGAGOR, or (b1 in the event any of sa~d sums of money herein referred to be r,ot prompuy and (ully paid within ihirty (30) days next afie~ ~he same seve~ally become due and payab~e, without demand or notice, or (c) in the eve~t each and every Ihe stip~lations, agreemen~s, conditions and covenants ot sa d promissory note and th~s mortgage any or e~ther are not iuly, promptly and iuNy performed, d~scharged, executed, effected, completed, tompl;ed wilh and abided Sy, then in e~ther or any such evenl the said ag~ gregate sum mentinned in Said promissory note then ~emaining unpaid, with irrerest accrued, and all moneys secured hereby, ehall become due and pay able fortliwith, or thereafter, at Ihe option of said h10RIGAGEE, as ful~y and completely as if a11 of tfee said sums of money were originatly stipu;ated to be paid on svch day, anyfhing in said prom;ssory note or in this hlortgage to the contrary notwithstanding; and thereupon or the:eafter at ihe opnon of said MORTGAGEE, ~vithout notice or demand, suit at law or in equity, therefore or tf~ereafter begun, may be prosecuted as if all money} secured hereby had matured pnor to its institutfon. • 7. That in the event thaf at the 6eginn~ng of or at any time pend~ng any suit upor, th;s 61o:?gage, or to foredose it, ot to reform it, or to enferce payment of any daims hereunder, said A10RTGAGEE shall apply to the Cou~t having j~rlsdlaion thercof for the appo~ntment of a Receiver, suth Court shall forlFiwith appoinf a receiver of said mortgaged property all and singular, indudmg a!I and singutar the inccme, profits, issues ar.d revenues (rom whatever sowce derived, each and every of wh;ch, i! being expressly understoed, is hereby mortgaged as if spec~fically set forth and described in the graroing and habendum dauses hereof, and such Receiver shail have all the broad anJ effective funct~ons and powers in anywise entrusted by a Court to a Receiver, and such appoiNmenf shall be made by such Court as an admitted eqvity and a n,atrer of absolute rght to szid h10RTGAGEE, and w;thout reference to the adequacy or inadequacy of the vaiue of the proper~y mortgaged or to the so~vency or inso:vency of said ~40RiGAGOR or the de(enJants, and that such rems, profits, income, issues and revenues shall be applied by such Receiver auord~nq to the lien or equity cf said ~.10RTGAGEE and the practic~ of such Court. 8. To duly, pron,pt;y and fully perfo:rn, d'+schnrge, execute, effect, complete, comply v:ith and abide by each and every the stipulations, agreements, tonditions and covenan~s ~n sa~d promissory note and fh~s mortgage set forlh. 9. Thet in the event the o~vnership of the mortgzged premizes, or any part thcreo4, becomes vested in a person other than tF~e MORTGAG~R, the niVKii3Avic"; its successois dnc3 a33~grs, zay. 'v+iP~eut ~otice ;o ihc :'.C°TGAO°, a~a! ::e!h :_~eh su:cesso• e• e~~r~ns:n. ,n ;nto.ast .•.;fh referPnre to this mortgage and the debt hereby secured in the aame manner as with lJtortgagor w~ihout in any way viliating or d.scharging the 1.lortgagors' liability here- under or upon the debt hereby secured. No sale of the premjses hzreby mortgaged and no forbearan~e on the part of the /AORTGAGEE or its successors or astigns and no exrension of fhe time (or the payment of the aebt hereby secured given by lF.e ~'~ORTGAGEE or its successors or ass:gns, aiiall operate to release, di3charge, modify change or affect tne original liao:lity pf the MORiGAGOR he~ein, eith>r in whole or in part. 10. It is specificaliy agreed that time is of the essence of this contrac~ and that no waiver of any obligation hereunder or of the obligation se- _ ci.red hereby shalt at any kme thereafter be held to he a waiver of the terms hereol o~ of the insNumen~ sew~ed he~by. 11. In add~tion fo the forego:ng monthly paymenls of princ'pp1 and inre~est requued by the prom ssory nore secured hereb~, mortgagor covenants and agrees to pay to mortgagee ~+~ith each momhly payrnent an addnional sum es~imated by mortgagee to be eyual to i;'12 of the annual coat of the foliow- ing: A-AIf real property taxas levied or assessed against thc ahove descri~ed reai esrare. 8-Premiums on tire and windsto~m insu~ar.ce as here~n requ~re~ to be carried on t)~e impro~eme~ts situate on the above described premises. C-Premiums on auch mortgage guaranty inwrar,ce as mortgagee shall from t rne to t~me deem fit to carry on the IoaR secured hereby. h5ortgagee shall (rom time to time notify mortgagor in w.~ting of the amoum due and payab!e hereund~r and suchsum.Sh~fl ihereupon be due and payab~e on tne due date of th> next monthiy payment and each scccessive month thereafter ur.til mertgagee shall not;fy.~~rt{~~gor oF'a,cha~ge in su[h amount. 5uch sums sha!I be app!ied 6y mortgagee toward 7he payment of real property taxes, inwrance prem;ums,:aid ~riort~ge ~ijranty insurance premiums. _ ~ - g - ; - IN Y~ITNESS YlHEREOF, the said R50RTGRGOR has hereunto set his hand and sea! the day and~y a~ f'rst aforesaid.; ~ t:.: ! 4 ~ Si ed, Sea elivered in the presence f: / - " ? ~ ~Witnesses ~o ? ~ ~i d ~ ; ; = ~ de W. Cato, Jr. • , ~ . _ ~ (Seal) ° )Witnesses to Adrian M. - , _ 'ue.e, • )3c Bonnie G t a~~ ~t~icklan ~ ° " ts~an ; SiATE OF FLORIDA ~ . ' ~ SS. COi1NTY OF S&il'lt'i I+UC~9 ( ~.~t3tf+~~,~~ ' ~ "f Before me personally appeared AdI~~8ri M StT' ekl Anri • ~OIlri38 A O ~t-ri rkl s~nr~ _ h;s v~ife, to me well knowm and'kn~¢~• jne~tq ~e~', fhe ~nd~viduals described in and who executed the foregoing instrument, and acknowledged before me that they executed J~e ~ame for th~,{~~rpo}es' : therein expressed. And the said d !j wife ot the ~aid Ariri s~n 1~~. St-ri ~kl nnr~ _;,~n:p"3t~a e and privita ~ examination by me taken separate and apart from her said husband, acknowledged to and before me that she executed said irtstrvnlent fr~f~a~~ vQtvllF' ~ ! ~ tarily and wilho~l any compulsion, constraint, apprehensioFn,, gr fear of or from her said husband. : tiY Com}~{~~~'{b~'t~~' ~~K~~of4~c~ o~~l this _~0 ,f~T~ Januar ' ' 8onded b ~ ec. 16, 1~09 da of -;A;_~;'~g•~` ~ Y Transamer~ca lnsuranCe t-~ ~ ' i ~i3: ~usEC.c~ i~.;~• : ~ - . j i ~ STATE OF fIORIDA ~ ~ COUNTY OF Dade c 1 I Be/ore me personally appeared C~-Yde W• CatO s Jr • s a sin~le £IC~Lllt ~ ~ F~rife, to me well knowA' an'~'~Chtidx~ to me to be ~ the individual descri6eJ in and who exec~ted the foregoing instrument, and ack~o•.vtedged before me that~y-execufe~~hd sd7he for.~tl~~ purposes therein exprcssed. ~+7i~X~fi3C76~ -~"'y"'' ' ~-r ~-T- ' ~ D~i1i]b)C.16Rlit7l ' ~SID4~JCJ~3f~(i?@J'~X ; DB~6701~J~~$C~C~~JCt~taCl[4Q4Ch4'DC~[~4[~X~4~'44fY~~474~fiK?hDiJf~3Q3€~p€~QJ~,~Q~~~, 7~)( i A[~f~~3~D4~C]la~7fdfi~tXsl6~7Et3Qt~(t7~f1:;iSa~e~i3~G3ctK~3~a6KD~DQdC![eX~lti~,i~?[D~p4~X - o ~~r~'~=~ : , WITNESS my hand and offiual seal rh~s~ • ~ day of ~ 3 rA. Q.;i9~ ' _ •,~ti ; - > ~ . _ : ~ ~ ` otary ublic in and for the Sfate of~ Flo`_ri~ af C~r9e' ~ My Commission ezFires: a:; i- Return Ta L~ ~K~ Firs1 Federal Savings d. loa~ Associat~on D~t1 ,F,eo.J J' /°A!, c' PUBtIC STATE ot FIORIDA t~ ~ Of Fort Pierce. 7 NOTARY~ Qn EXPIRES Id~R- g~ 196ri - fort Pierce, Fforida ~ ~J ~ ~ ddl11; ~ o ~V