HomeMy WebLinkAbout1492 3. To piace ard ior,i~n.,ous~y Keep c. .te ,,s _ s ~ . , .i :,~.:t i ~ : ~ ~i persona ,y co~ered by this mortg.
ege, with eli premlums thrreon pa d i~i fu I f~ ~ h s +i:c i~ ..~s s,.;r: . 7~ F.o ci tor~n. i i a i. . !h~~ ,ti',JK~~~~+vE[, and w~ndsronn
insuronce in tha usual stand<.-i pol.ey form, in a su..i a,:~ 0.~•1 bT th: h1JRiC:~GEE, ir. s~..h ~on ~ :;r ~n~;~3n es as fhr 11'JRTGAGEE may
' dirett; ano ali fite and w~ndstorm ins~~~ance po. c~~.s a~~ of sa~d b~ ci •~,gs, s•~y ~n'.zr~'~t tharei.~ ~r ~>a~t n in tha ag:~r_gate su~n aforeseid or
' in ea[ess thereof, shell contain thz uwai standard mo:e;;:~ger c~~s_• cr s:,:h o~her r.j~sa as ttie AAortysy~c rn.~y ~ J~e: ~~~r;~~~~g th,,~ .;ss under sa~d po4•
c~es, rach and avery. Payable to said ,tiiJR1G.4GEE os ~ts ~~,r~:.si ~~:.~y e~ paar. .3n:i ea.h ard e.r~y s~~c1, f:;~ s! :~~1i•,~ ; ro;,:pcy ass g~,rd a:,d deli.cred ro
ar~y held by said ~NORTGAGEE as f~rrhor a:curity to sa~d c:~~.~~e d~,~r. a.d, net :s~ than tr~ ;1~` d: rs i., ~ci.~r. . o! thv er~:i:3ho~~ of each po!~cy, lo de-
E liver fo said MORTGAGEE a renewa~ Ihrreof, togettier ~nnh e rrcr pt tor thc- prcrn.~m oi such re ~e~n.; , 1 tha: sh.+ t b~' no i re o! nJste•~~i ins~ranct
~ plated on any of said buildin~s, eny Literest there!n or part Ihe!POf, V:11~•~5 ~n tt~c fcrm and wi~h ihr :oss na,:+i,~r as af~,.~s.+id: ,nd in the event any wm
! oi money b~~con,es payab!e under s~ch policy or po~,c~es so~d !.1JaTG4GEE s~,3il h.~ce ihc: oE~~ o~ co ree-.~:, .~;~,'y t`:e sa,ie on a:co,,.~t of the indeb!~~d
' ness securrd h~reby ~r ro permrt sa~d tAUltTGAGORS to rr:e~ve and ~se it or ~.:•t U r r~r . c.: , ••1, ~r ~,p.,-.
4 ing any equ~ty, lien or right undcr or by virtue of th~s mc•rg+ge; and in the ev.~m sa d,'1".J~iGr1. Uv~ shi i`cr t+» re~s~n fail to k~p the said prern s:s w
E insvred, or fail to drliver promptly any cf sa~d poLcirs of i~wra~~cr to sa d MCURiGr1GtE. cr ;,r,~n , t; 'o f,ay fu .y any p,. ~.~~n thcrefor or in a~~y
~ respect Iail to perfarm, d~scharge, execwe, effect, comp!ete, ce~n~.ly w:ih a~:d 3b~de by ths cr.venznt, or any p,+:~ i~:`reof, said MGRiGAG[E may piace a~o
~ pa~r for wch insurance or any part thererf w~~hou~ wa~v~ng or affeccing any op+;on, lirn, equry, or r~g!v ~::d_r or b~ virt~e of ;h:s Morfgage, nnd the
full amo~N of each and every s~<h payment :ha;l be unmed~are~y due and pa,ab!e and shail baar n,tcresr fron~ inc d~re ti~ercoi unt~! uaid at the rata ot
~ nine per centum per annum dnd together with :u.h ir~terc~t shan t~e Se.u'ed i~y the ue~ ei ihls ~r,ortgag_.
~ To pCrmit, commit o~ suffer no waste, impa~rmant or dMCrioraron of sald p•ct:e~ty ur ~ny part thereof.
5. To pay all a~d a~ngular the costs, charges a~d expe~.ses, :n;;:,d~ng a rrc.;onao!e attorne}• s fee ~~:d ces?s eF abstr;cis ci r~iie, incu~r~d or paid ar
any time by said MORTGAG:E, because or in the eve:it of the f.jJu:e on ti~e pa~t of :he s3:J h'.~~RiG:.GOR to du:y, pro;•c:riy ar~d i~:iy periorn, d~sch3rge
exzcute, efiect, co~nplete, co~r.ply w~th and ab'd~ by eoch and ~~~~ry ihe s!~p~!a!,ens, ~g~c•.~ ~+~n~s, cond;na~s, a+~d cove:~a~,~s oi s:.~d pro~nlssory note and tiF~s
morrgage any or either, ar:d sa.d costs, chargzs ar.d expensos, esch and ~:very, sha~i imn,ediate~y d~•e a~~d Fayab:e; •at;c!her a not th,.•~e be norce da
mand, atte~npt to co!lect ur suit pend~ng; and thc fuli 3:T10Ufi1 oi esch ard e~e~ti sv:h p.~~,reni si~ai~ b.ar inreres~ from ine data thereoi ~ntil paid af the
rate oF n~r.e aer ccnr~~:n per ~n.~u n; anc a!I ssid costs, charges and ~.~:.e~ scs Inc~rred or palJ, !o~~~ti,ar ,r~th svch ~oterest, sh~3!i ~~2 secured by the Gr~ of ih~s
mortgage.
f 6. That (a) in th~ event oF any breach of th~; Mcrtgage or de(a,;~t on th~ psri of thc h".ORTG'1GOR, cr ,b) in the ev_nt any of sa`d sums of money
herein refeired to be r.ot prompriy ar,d fully paid w:!h~n t~..riy ~,3~; days ne.! ar~e; :n~ s.~: s_vcra'.y ceco~na d~e a~ci p~~yaU!e, w~ihout demand or not~ce,
or (c) in ihe event each and every Ine stipu:ations, a~reernents. ce~:tilr~or.s and covenanis o~ sa d F re:;~~ss_rv ~'o?~ a~ J th s r:oitgage any or e:ther are not
~uly, promptly and f~!iy performed, d.scnarge~, exewted, eifected, comp~eted, tornp.~ed v.;tli and at:,deJ ther ~n e:!h~r or any such event the said ag
gregate sum mentioned in said promissory nc~e !hen remafning unpaid. with intere;t acc:e,rd, and ~;i n~onc~s s_c~red hereby, shail betome dve and pay
abie f~rihwith, or thereafter, at the option of s.:id P.10RTt;AGeE, as fu'r'y and co~np:ete:~ as ir ~:i of fi,~ s; d s~ms oi mo;•,ey we~c or~ginaily st,puiated
n to be pald on wch doy, anythinq in sad pro:,:~ssory note o~ in tivs !'.lor!gagc ru f'r~e [ontrq'y noi.: thsf~,:::,g, ~~:d rf,cru~~on or the~eafter at the epnon of
said MORTGAGEE, w~thout norice or demand, ~u~t at law cr in eq~ity, therefore or therrairer uey~n, ~~~.3y b_ prosctuted as ii a!I mcneys secured hereby
had matured pnor to its institution.
7. That in the event that at the beginn~ng of cr at any t~me pend~ng any su:t upc~ rh~s M.o•rg,:ge er ro ~ore~lose it, or to re`orm it, or to enforce
payrnen! af any daims here~nder, said MORTGAG~~ :hali :irp!y to the Covrr hsv~••:3 ;u .d.u.en r!..::~o' fcr !h~• ap,;:-~nnn•:nt of a Rece~+cr, s~ch Court shail
forthwith appoiN d receiver of said nortgaged proorrt~ aii and sing~'ar, ir;;vd ng a~t and <n:yo~ar t~ e~r.te ,~e, p^uf;!s. ~ssces a^d re~enues .`4om whotevzr
sourte derieed, eath and every of wh ch, it be~ng ex;~ress ~rders!oec:. is i•ereuy n,er'g~_;~d ~s ~j ;F~i tica { sc~ le~th and n~~scribed in the gramii,g ar.d
habendum t!a~ses hereof, and such Receiver shaii have a!I the Lrc.ad a~,d etiec~!ve fu ~r. c:,s ..~d p:e.vc••s any.~:se enr„ssed by a Co;~t to a kec~iver, and
such appoi:ttment shall be n?ade by such Court as an ati,;i!t~d eq,:i;y and a n•att~r uf atso!vfe r:ght t•, s~'d "LvnTGAGEE, and without reference t0 the
adequacy o~ inadeq~aty ot the value ef ~h~ Gr~~per;y mor~gaged or to ~he son•an:~ or ii~so ,~cnty of sc'.d MORiGAGUR cr tt:•_ defei.da~7ts, and tnat svch
renis, orotits, income, issues and re~er.~es sha~! be af~,~~:ed by s~cn Rece~ver ~,cor~. ~g tu tF~e e~er. or eq•,lr~r ot sa:c+ lt10RTGAGEE and the przct~ce of such
Court.
To duly, promptly and fully reriorrn, d scharge, executr, ef're.t, co~~piete, co n;:i f v.i!h cnJ ai.~de t~y each ar,d every tf;e stif:uiations, agreements,
condiHons and eovenants ~n sa~d premissory no~e a~,d ~r:.s ~~~rtg~~e s:r fert'•
9. That in the eve.,, the cune.ship of th_ ed c:e .;s•>> e~ a~ tner~cf, rc ,•:s v:..ed in rso . cfF~. ihan ri~e h1~~RTGAGOR, the
MORTGAGEE, its suctessors ar.o ass~gns, rra}, w:rk,,c cr.,~ ;o r.• :',ORt~~"?, c.+_:~ e,.cesso• o~ s.ccn=sor ~^tcres~ ~viti: refe:'rnce to th~s
mo!tgage and the debt h<rebv serured in the s~i^e ,..a ,~~r as r::'h „_rt~.;gw 'n~ut ~n ..r,~ .v y.~..;~~in~ d sc1:3•g~• 3 the f.lcrrgayors" iiabili•y here-
under or upon the debt hereby sec~red. Ne s3:~ oi Fzreby m;,rtg~ged a: d no foci e~rance en the part ot the G10RTGAGEE or its wccessors
or asslgns and no exter.s~on of vhe rirT;e for rha ;~ayn,e•~+.o~ ,r~:~ deL-~? he~eb; se:~~~ed g:v~~~: b~ !i,c~ ...JR'GAG~: or ~ts SuCCE550~3 er ass'gns, ~~~~ail operate
to reiease, d~scharge, modify c~ange oi aflect the ur~g:n~f i~~;o.~ ty oT tiie MORiGFGOR here:n: eitt~er in Y:f~ole or in part.
10. It is spec~fitaiiy agr~ed that time is of th.-, ess_n:e ef tf:ls cc^rsu ar.d tha! r-,o waiver of any o.4ligation hereunder or of the obligation se ~
t~red hereby shalt at any tin+e thereafter be hei;i to b~ a v:.~i.ar ef thc tNr~r:s ~':ereof o~ of ti:e ~nstr~ r.~nt scc~red herby.
11. In add tien to the ferego ng mcntF.!y p~y~r.>r-~;s o' p~~ and i,;_-_s~ _ r.ti by r! e F,rc, s_cr, ro ~ s_c.,red heraby, mortgzyor covenants
and agrces to pay to mo;tgagec v:~th eacn ~re~i!V: y p:, r c, au., cna' s_ . 1! i:. ,,,o,•,~•qe,r t-v te e;_,-' 1 12 oi rl:e ~~n-•Lai cost of the follow-
ing: 4' ~ .
A-All reai prop^rty ~ax~s ':e•fied os as>css.ci _ s • at,~..• de>,.:`_:.d _,i ~,s•:,,, • . ~ : .
B-PreT~~ms on f~re and w;r.dstor:n ir5u~a^c~ `..~'r • _ ed t~ oe c,..;.:y e, .hi,, c~~m• s.....~, cn t^c abov~ t~c:et1~';~•pre~nlses.
C-Pre,T~~ms on s~.n .r:ortg:~gc guaranty ins~~ra~ c, as ._••g-'.;^e s~:3 i'rc• ~:vr.•. f~~ ro carr; cn t~c ~oan sec~red~ trerebY•
r+ .
lAor~gaaee cha i(r^~n •i~,e to ~•e ~c'~f: m t: ~ ~ of t~~: ,r i ~ar ~ 1~~.._u, d- d su s.,*; sh'~i{ 1FeR4~po~•bd due Bnd
rayabie on tne J~e dare ct ihe ^xt r~~nth:r F:, ''r.° ---c _~af• ~,~.:g~.: sh~'. ry c,~.•~.;apr of a change in s~+th
a~"eun!. S~ch surs sF~a 1 oe app:~ed 'oy ..:,~'y~; o` ` . s ~~.s~ Fre^..~..~~s ~~d n,c••g; ,e yuaranty insuiaoce
p~emiums. . , '
IN \'liTPJESS 4VHeREUF, rhe said t~102TG~.:~CR i:~s n_•r<,., •to se! i~:s i; ~r.~ ;~d s~ !he d-~. an year '
Sign , Sealed and d re 'n the presence of: • er n~ I1Y.~2~~,4~~1~~~'`\
of e e _ ~ cs~bi~
- BY ~ ~ d ~32~
Attest• Secret~~
- ~ts~a~>
STATE OF ~LORIDA COUNTY OF 5T. LUCIE
1 HEREBY CERTIFY, That on this ~4' ~ day of .T~~ne _ A.D. 19_~~._,
before me personally appeared •~ohn R. kosenbaurn and Jo:nn ColCOrd _
respectively _ President and _ Secretary ~ , of
Ft. Piercen Junior Chamber of Comme~ee Flor~da _ _ Carp~ratian, to ma
known to be the persons described in and who executsd the foregaing instrument, and severally ackn~wiedged th~ ex~
~ cution thereof to be their free act and deed as such officers for the uses and purposes therein mentioned; and that they
affixed iherdto'thQ,ofiiciat seal of said corporation, and the s~id instrument is the act and deed of said cor~noration.
W1TNE5S, mYt~and end a#f'rcial seal at Fort Pierce , said cou ry and state.
_ ~ ~ ' ~r~- ~_AND ECO DED
' y~ ~ 0 Q K Nptery Puk~i~' and for State and County aforesaid.
~ ! . 1V1y'ComraoissFo~yErapireg•
! ~ ~~`~~'I 3tate t ~da at Larg!?
. • ~ o F.~> '
_ . _ . ,l 3 ~ • ~ sa cr _xp res „u.^, 5 I9o7
_ JU~ I 4 Pn . 04 _ .:o.,~`~~~;y s~re~~ o~ N. Yb
~ ~_~c~nr~ . ~ . . .
ROGER PU17RaS, C~ERK . .
~T ~_~~c~F co~aNrY, - ~ .
L I.ORI~n ~'~7 .
~ ~o~~ ~ ~ ~ f :
_ ~ ~