HomeMy WebLinkAbout1894
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lbis' :mortgage Jeed
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F. ....c " I ,.tI IIII'
3rd
clay of
August
a non-profit
of Florida,
r\, f), IQ 61 ')y
FORT PIERCE MEMORIAL HOSPITAL INC.,
corporation existing under the laws
lu.r,.inaflpr ('01/,..' II,,. nlorl~. a'Jor. 10
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PALM BEACH MORTGAGE COMPANY, a Florida corporation
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\ ',prpifloftpr callf"'fl IIu- mor'~,an("'-:
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(\'..twrr~-f''' uvdlvr~in 1M I_f'rmt "m(JI".AIlt(JI'" and "mor'cAI(I''''' IIKIudt' .Ii ,hI' parh" Iu thi.. iftltru~nt aod 1M Min.
afo.al rrprnrhlall""n and ....n. of il'Kiindual., aDd .hl' 'luuruun and aw.ns n' corponllom: aad ,hI' Irnn ..not....
includn All ltw DOtn bru',,, dtw-ubc-d if mun tUn One'.)
\ lttitRtSStth,... ",01 for goocl oracl 1,~luahlf' roruiclf'raliolls. am' aL.o in consideralioll of Ihf' aggre
I ga'l' sum namp.' in ,hI' promi:'lSory nolI' of p!'pn clolf' hprpwilh. hprpinaflpr clpscrihc.>cl. ,hI' morrgagor herC',
-H ')y grants. ')arf/oim. sl'lls. alipns. rpmisps, corn'pys anti confirms Ulllo 11.1' morfgagl'C' aI/ ,hI' cC'rlain land
,
- I of which ,hI' morlf/a{/or is nou' spi::.ptl and in possession siluale in st. Lucie Counly.
i Floricla. l'i7.:
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Lots 1, 2 , , , 4 , 5, 6, 7, 18
TERRACE, as per plat thereof
page 8 of the publiC records
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I AND
I The West 186 feet of Lot 8 and the West 186 feet of Lot 9
II! in Block' of ASSESSOR'S MAP OF THE NORTH PART OF FORT PIERCE,
as per plat thereof on file in Plat Book 1, at page 164 of
I the public records of St. Lucie County, J'lorida.
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\~e Mortgagor, their successors and assigns hereby agree as one of
jthe conditions of 'this mortgage and in consideration of this loan
,that aJ.l of the property encumbered by 'this mortgage will only be
I~sed for a hospitaJ. or related uses or purposes and that this coven
i'and agreement running with the land is to continue until this mortga
l~s paid in full, unless said property or any part thereof shaJ.l be
I~eleased by specifiC written consent of the mortgagee or its success
lor assigns from this covenant. In the event of a dispute the relate
~ses and purposes in addition to the use asa hospital are to be .
Ildetermined by the mortgagee, its successors or assigns, and in the \
event of a materiaJ. breach of this covenant, this mortgage may be
liaccelerated as hereina;fter provided fer in the case of a failure to
I~ay any installment of interest or principal when due.
II It is further stipulated and agreed that the party of the second
I~art, its successors or assigns, shall have the privilege, at its or
Itheir option, after the doing of or the omission to do, by the parti s
\:Of the first part or their legaJ. representatives, of any ao. or
Ithing which sha11 constitute a default in or braach of any of the
I,terms, conditions and cov~nants herein or in said mortgage note and
,Iany extensions or renewaJ.s thereof contained, and upon the commence-
~ent, in a court.Of competent jurisdiction, of a suit for the fore-
closure of thi. mortgage, of applying 1or, either in and by the
riginaJ. bill for foreclosure or otherwise, and shall be entitled, a
Is matter of right and without regard to the vaJ.ue of the prelllises,
~roperty and estate, or the nec'.sity, reasonableness or expediency
: therefor, or the 80lvency or insolvency of the parties of the first
11 art or their legal representatives, and without notice to said
arties of the first part or their legal reprensatives, to the
\Iappointment of some sui table person or corporation as a receiver for
,'the property, premises and estate hereinabove described.
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, V) " /" " in p3ymeflt 01 taxe~ due
Received $-~ ~- ---- P it ,r ant \0
rl. "e" 'n:<l:'l~,b\e PerSOnAl rope. y pu,_'"
on "",55 d A~', 'i (l,n
Ch3~ef ~. Law,S 01 nOr! fl, NoA.~ 0, . .'
r/ I Ie I' .
\..:: ~.., ''':'':::''<16 . Lu ~ Cou~ fimidi
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and 19 of Block 2, DUTTON
on file in Plat Book " at
of st. Lucie County, Florida;
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