HomeMy WebLinkAbout0465 3. To placa and continuo~s!; keep on the b, l'd~~,,s r.o.v o~ hereafter ~Ituste en said lend a~ d or, a'I rqv~pn~M ard persona~~y covered by !his mortg-
og~, wifh d!I prrmi~~n~i th2reon pad ~n full, 4ir~~ Ins~~..ian•:c ~n ihc ~a~ai standa~d p~!icy furm, i~ d s~•nt apprevE~ b~ the irlOiti~=.(iEt, and windatoim
inwrance in the ~sua! s'anda•~ po!,cy form, in a su~n epproved by ihe MORTGAGEE, in such company or co~n,~anies as the MORTGAGEE may
d~rect; and a~l fire and v`~ndsform ins~ran« poik:es on anv of sa:d buildings, any interest therein or pa~t thereof, in the egg~eyare sum atoresa;d or
in excess Ihercof, s'~aH :or.ta~n the vsv„i star.dard ,T~orrg:g?c claWse or su;h other clavse as the Mortgaqee may rrq~~re, maklny ri,~~ iess ~ndrr sa;d poli-
c~e~, each and rvery, pay.ib!e to sa~d h10RTG.4GEE as its intcrst msy appear, 3nd each and every such po.:cy sh3il be prornpfly ass gned a~~d dr~;.e~rd ro
any held by sa~d MQRTGAGcE as funher securi~v to safd mortga9a debr, and, not !ess rhan ten (10) dars edyance of ~he exp~rat~on of each pollcy, to da-
liver to said MOitTGAGEE a rene~~.ai ihereof, together w~tn a rece~pt tor thc pre~r~i~m of such ren~~wal; ~~~d ihere shall be no f~re or .r::•,dstc~~n ir.s~rance
pleced on any of said b~ildings, any interest thcrc:n nr part thereoi, ~nless in the form end wf~h the foss payao!c as alaresafd; and ',n the 'rce~~t any sum
of money beco•net payab?e under scch po;icy o~ p~'~cies sa~d MORiGAGEE shall have rhe opt~on to rec_~vc a„d ar.ly th~ sarne on accaunt of the indebr~~~-
ness secured hereby e. t~ permlt satd MORIGAGORS ro recr~va and uae ir or ~ny ~~.,-r rh•~:ao~ fcr o;,r r,.~~, ,s~s. ~~h ~;r ~:p..~:-
ing any equity, l;e~ or r~ght under or ~y virrue of rhts m.c^gaye; and in the ever.t sa'~ M~RTGAGORS sha!1 for any resson fail ro keep the said premises so
insvred, or fail to deliver promp~ly any of said pol~res o1 insurance to sa~d MORiGAGEE, or t~~i prcn~H!ly to F.ay f~Jy any pr~~n;, n th_rcfer or in a•:y
respect fail to perform, d:schar~e, eaecute, eftect, con,plete, canply with and ab~de by this covcn:~:v, or any E;a~t hareof, sa~d MGRT;,4GEE n~ay p~ace a o
pay for such irtfurance or any part thereof witho~t waiving or effecting any option, lien, equity, or ri~ht under or by virt~e of this P.lortgage, and the
full amounl of each and avery such paymznt shail be immediately due and payable and shali bear intcrest fror,~ tha data ther~oi ~m;I p~:d a! tfia rate ol
n~ne per cenrum per annum and ru~~th<r w~;h svrn inre,-esr shail be s~~cured by the l;en of th~a mortgage.
4. To permit, commit or suf(er no waate, impairmenl or deterioration of said property or any part thzreof.
S. To pay a;l and s~ngu!ar the cosis, charges ard expe~~ses, including a reasonable attomey's !ee and ccsts of abstratts of t~Ne, incur.ed or pa~d at
any time by sa~d MOR'GAG`E, because cr ir, ev.^! af Ihe fa:'ure on the part uf the ssid MORTG~GOR to duiy, pror,ptly and fuilv perform, d~s•:harge
execufe, effecr, compiete, comply w~th and ab de by each ar.d evcry rhe s~ipu!~hens, agrecn,enrs, tonditions, and covenants of sa~d pron,iszory note ard th~l
mo~~~age any or e+ther, and sald costs, char,7es and expenses, each and -cv~ry, sh.311 be irnmediate:y duz and payabie; v.-heth~r or not th.re be nor;te d>
mand, atteinpt to coliett or wit pending; and :F~e fuil ainovnt oF eacfi and every such paymenr shali bea~ inreresl from the date thereot ~nril pa~d et the
rate e~ r~ine per crntun~ E;~~r ~nnuai; ~:~c ~li said :osts, cnsrges and cxpenses inwrred er paid, toge~her w.th suth interest, shall be Secured by the lien oi th~s
mortgage.
b. That (a) in the eoent of any breach of this ~,lcrtgagr or de'a~It on the pa:t of the h10RTGAGOR, or ~h) in tha event any of sa~d svms af monpy
herein referred to be n~t proc~ptly and fully paid witn~n th~icy ~30i days next attcr thc sa~ne severa:iy eeco~n~ due ar,d payal+!e, w~tho~t demand or notico,
or {c) in the evem each and every rhe stip~iations, agree~nerns, cond~tie+~s and covenants o` sa d pro,:issory note anu th s merryage any or eirher are not
luly, pro:nptly and futly performed, d sc~arged, executed, etfec~ed, comp!eted, comp;;ed wirh and ab~d~d Sy, then in e~~ner or any wch event the sa~d ag
gregate s~m mentioned in said promissor~~ note then rem,a~ning Unpaid, with intere~t accrued, and a~l moneys secured hereby, shall betome due and pay-
able forthwith, or thereafter, at thz op!~on of s.~~d AIVK11ii~G[E, a1 (uily ai+d con:plele~y as a;l cf t!,~ s~:d sums o~ n~oney were ena:nally st-pu;ared
to bP p~ld on s~ch day, anything in sa d p~oin;sscry note or in this iti1or~gage to the conrrary not,rv;thst3nding; ~r.d ih<reup~n or t'r,erejftcr at the opi~o:~ of
sald MORTGAGEE, w~rhou! not~ce or demand, suit at law ~r in equny, there(ore or thereairer beg~r, Ri3Y be ~:•rosewted as if alt m~neys secured hereby
had marured pnor to ~rs insritution.
7. ihat in the ever.i thai a! the beginn;ng of or at any time pending any suit upon this Mo~tyaye, or !o !oreti~se it, or to refo~m it, or to e~force
payment of ar.y claims herevnder, i~id MORTvA(;EE sha:; aF;ply to the Court having iur~sd:ction th_~reot for the aE~F~einhnent of a Rece~ver, such ~ourt sha~f
fo~!hwith ap`oint a receiver of said mortgag•~d prop~~rty ai! and sing~;ar, ~nc;ud:ng aii ar,ti s~n9uiar ~n~ ir.con,e, }::~f~~;, ~s;~es and reve~~as 'ro^; vchat.v~:
seu~te derived, each and every of wh ch, it be~ng expres;'y under~tood, is hereby mer~g,g_~d as if spe:~ficaily se1 fmth and des<rit~ed ir, the g~anting and
habendum cla~~ses hereof, and s~~cn Receiver sha~I have: a,l the broad ar,d etfect;ve func!.au ar,d pewers in a~yw~se enrrueted by a Cour! to a Rec~iver, a~,d
r~:ch 3ppoinfine~~t shaU be made by s~ch Court a3 an adnitted eq~ity ar,d a matter of ebsolute rght to sa~d h10RTGAGEE, and w~,ho~t referen~z to the
adequ.~cy o~ inadequacy of the val~e of the propcrty mprtgaged or to tha so.vency or inso vency oi Said MORiGAGdR or t",e detendonts, and that such
renis, profirs, income, iss~e~ and rever.ves shaN be apa~izd by such Receiver accord:n~ tc, tne lien or eq~ity of said MORIGAGEE and the practice of s~ch
Court.
8. To duiy, prompt!y and fuliy perfo~m, d~scnaroe, execute, effect, comp!ete, con,p!y w~!h ar.d ab~de by each and every tF:e stipu~ations, agree~nents,
conditions and covenarns In s3:d promissory ncte and tnfs rnorrga:~a set forth.
9. That in the ev~nt rhe ovm~rsnip ef rne moitgayed p~rn~~s~~s, or eny p~rt tFeacof, ~tccmcs ve;!e~ in a e!her ?ha~ th~ MORTGAGOR, the
Y°°'_~ '
MORTG4G:E, its suceessors and ass:ons, :nay, without norcc to thp ;,~pRTGAOR, deal witn s~ch successor o• succasso~ in interest with reie;rence to this
mortgagc ar•d the d.ut hereby sec~red in the sare n~a~~ner as w~th f.tortgagor w~*.he~t ;n any wa~~ vit:ating or d:scha~g~~g the /,1cr•gayoJS' liabii;ty here-
under or upen th~ de~t hcreby secured. No sa`e cF tt;e prerr~~~es hereby n,oiigaged ard no forbearance on the part ef ine PAOnTGAGEE ar its SUCCc'i50f5
or au~gns ar,d no extznsion ~f the time tor the pa~.T•,ent of th~ debt h~reby securcd given by th~ ;h,^~RiGAGEE or its successors or ass;gr,s, al~ait operate
to re!ease, d~scharge, modify thange or affect rhe erig;r,ai ;i~u.'; ry of rhe PAORTGAGOR here~n, either in who!e or in pan.
10. It is spe;;`i~ally agreed thar ti~r+e is ef the essence of tt, s contr;cr and that no waiver of any o6l:gat~on 'r,erevnder or of the ob!igation se-
c~red hereby shali at anp tin-~e thereaf;er be he!d to be a v:aiver of the te:ms hereof or of the inSir~ment secureci herby.
11. In add tic~ 50 ?he fore ;C n~ +nontnly p7y~nirns o~ prirc'pal and int~res! reaulred by the p.o,•., ssuy nc'e secured ;icreb~, mortgay-o: covenants
and agr^es ro pay !e me-;gagee ~tirrn each r.~en!h : f;a~~ •<_~~:r an add.~ier,ai su^~ isi n a!ed 6y mp•tgr.gee to oe equa~ to l, 12 ot t;~,_ arn~a! cos! of the fol;p~,.~-
ing: .
A-A'I real proccrty tax.s 'evi~:', or s~ f~.: ,.i:ove desc~I~_d real esl~!e. ,
6--Fr~^• ,;~ns on fi~e a:~d v:I:~.dsrcr„~ irs~•er ce hare~n re~~ red to be Ca~ricd en the . ~:rov..mra!s s!uate en tne above d_scr,~ed.prp'tl!9fea.
C-Prern~u:; s on svch r,o^;~;ge a~~a•_a,!y ;csura~ce ~s ~no•rqag~e shaJ ;,o.r r~re ro e d;e f:~ to carry en t!:e !oan secu;ed hereb~.
M~u.t a es Sha l j.cn~ t{r.:.~ !0 1~^.e notify mcrtga~c. in .crli:ng a ' d s.;ch su•t~ shaif tl;2r upOn b C~Ue an3
' 9~ ~ of tne a^~o.~~t d;e an„ payab•n hereu.^.dar an e e
Fayabie on tne clu~ cia~:, oi th= rext ~~:a:~,?h . p>r:, .t ar,3 each ,,;~cess~v~ :r,o•~th thereaher m~rtgagee ah;'I r.or;iy rr.orgago~ of a chanye, in such
a-o~nL C;,ch sums s~a:~ b•~ ~pE'!i~d hy mortga_.e ;o.;ard rhe payr.ent of r_a~ property taxes, •ins~r3r,ce pren,.~~ns, a•.d n•.cr;gage c~v~ranty jas~rar,ce
premivms. . . . ~
IN `;;I7NE~5 V:t-I`R~Of, th~ s3-d ;;,:~oTG%-G~R has hcrrunto se' h~s hsnd and se~i t~e day ard yc-ar first afe•esa!d
S~ , Se d d:•ivered in the preser,te of: '
` S. y. B• O ~,'OL111t ' .I~~ai)
~ ~ - :
ay - s ~,Seal)
- A t t~ s t: ~ c~ fi'r e~
- - - rsP~i~
STATE O~' FLORIDA COLIN~'1' OF SAINT' LUCIE
~ HEREBY CER7'IFY. T{iat on this 4
y f- , A. D. t9b~__,
6QJore me personal~y appeared SQ~hizs F__~e~ersen____. Q„d Akae~ Aamussen
respectively _ President nnc~ ~ ~ecretary ~-S~8_~a pf
S. A,, $e of St. Lu~ie Coun'-~Inc~, Q_ FIO7'~.de. - corporati~n. to n?e
~nown to ~e the persans c~escri~Etj in an~ u~he~ execufec~ fhe ~ore{~oin~ instru~rtenk, anc~ severallq e,C~trtowledgc~, t{~e axe-
~ cution thereoj to be tl~eir )ree act ana deecl as suc~ o{ficers for the uses and purposes therein mantioned;;a~st~,#jiQtt tf~ey
~ ,
p/f ixed ther~to the of
f irioI seal of said corporation, and the said instrurreent rs the act and deed o~ adii~I corporation.
~V(TIVESS my hand and of icial seal at Fort Pieres ~ , said caunty cs~ed :etate, ,
FilEO ANO REC~RDEO ~ ~
l N B 0 0 K . ~-~C; 1~`~~ ~.f
• : _
~ /~r7~~~-c _ ; ~ ' . Notary F~ublic, in and (or State and Cowtty afore~aid.
~'~'Iy Commission Expir~ ~ , e! Flord~ at °
'a ~ ~ 1 110"1 i O ~ 1 ~ J . - ~ . , ~ : ~ . . ~ . I c
~t'_c~~+.:~?..~ir::~ont~ ' . ' FSG ,J(.~, '~~-i'.. .i :'JI~C~ I.~~,~0~ , 1.
~ ~ • . ' ' -
nnr.rc~ an~TF~e~; CL~,~K
l~vv...~ - ' " .
ST. LLC~E COl~~1TY. ~ ~ , ~ ~
FE.ORfJA ~i';~
~ ~ ,
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