HomeMy WebLinkAbout2756 3. To place and ccntinuo~sly keop on the bui:dings na+r or hereafter s+t~ate on sa~d land nrrd on e~l cquipment and ~~Cr90n011y COV:f¢d 5y ihii mortg-
sge, w:th ell p~em~~ms thereon pe~d in full, f~re insurance in the wual stanJ~rd po~~cy iorm, in a svm approord by ~hr h\OK~vA~EE, and y.~,~dstor;T~
insvrante in tht usuai s~sndard po~:cy form, in a sum epproved hp the MORTGAGEF, in wch to~.:pany or conipan~es as the h10RTGAGEE may
direct; end all fire and windstorm insurance policies o:i any of ~aid b~ild~ngY, eny interast therein or pa+t thereof, in the aggrcgatr sum aforesaid or
in trxces~ thereof, shall comain the ue~al standerd morrgagee clause or wch other cla~se as tha Murtgayre may req~.re, making N~e ioss ~nder sa~d pol'r
cies, each and evrry, payab~r ro sa~d A~10R7GAGEE as ~is i,~rerest may appear, and eacn and every s~c1~ po ~cy sh~il be pron,p~,y ass yned and de~ivored ~o
~ny hetd by aald MORiGAGEE as funhe~ security to said mo~rgage debt, and, not less than tr.~ ~i0) days in ad~ar,ce of ihe e~E,~r„r~on of eact, po~~cy, ro de-
liver to said h10RTGAGEE e renewal thrreof, fogethrr with a recrlpt for the premium of such renewa!; and there ihall L•e ~;o t~ra w ti~:~~cisro~m inwrance
placed on any of sa:d bui!dings, any inte~est therein a; part thereof, uniess in the for~n and wi!h the loss payab't ~s •ifore~aid; a~,d in the event any surn
of money becomee peyable under such policy or pol~cies said MORTGAGEE shall have the opr!on ro recc~ve and aP'r' Y~h~• sa~ne ~n accu~.~~ of rhe indebtrd-
ness sec~red hrreby or rc perm~r sald MORTGAGORS lo receive and use it or any par~ the:eaf tor ocY:~ r F;~r~~::srs, ~..~i~.o, t ~1„~<:,. ~~~~r
ing any equ~ty, lien or riyht ~nder or by virt~e ot this mortgage; and in the event sa;d MORiGAGORS shai; for am~ r~•ason fai! ro krvep nc~ said prem~ses so
ins~rcd, or fa~l to deiiver promptly any of said policies oi insurance to sa~d MORTGAGEE, or (ai: promptiy to pay fu,ty any pre~~~,l„m Ihrrefor or in j~~y
respeU fail Io aerfo~m, distharge, execute, effect, tornplett, comply with end abide by thie cov~nant, or any nart h~~reoi, sal:l h1UR(vA ~EE may p!ace a:~cf
pay foi such ineurante or eny pert ihereof witho~t waiving or affecting any option, lien, eq~~ry, or rigF~~ under or by virlue of th~s Mortgage, and the
fufl anw~~nt ot each and every such payment shall be immedlately due and payable and shall bear interest (roir, tha date thereof until p~~d at the rate a1
nine per canr~,rn per annum .~nd to3ether wirh such inrerest shal~ be secured 'ey the lien of this mortgage.
4. To perm~t, comnut or suffer no ~vaste, impairment or deteriorotion of sa~~ proparty or ~ny pert thereof.
5. To pay ali and singvlar the coats, charges and expenses, inc~~ding a reasonable altoma:'i fee and costs of abstracts o` tit!e, inwrrrd or paid at
any time 6y said MCRIGAGEE, beca~se or in ihe event o4 the !ailure on the part of the ~aid h10RTGAGOR ro du!y, pro nptly and f~lly p~r;onn, d~scharge.
execure, efiece, complete, comply w~th and ab:de by each and every the stiputat~ons, agreemer.ts, co-~d~r~om, and co~enants af sa~d pro:n;ssory nore and fh~s
rortg~ae any or eirhrr, and x'.d costs, charges and expenses, each and every, shall be immrd'~;,r ~ly d~-:~ and pay~ule; v,h~•ther or not there be ?otice d~
mand, attempt to collect or suit pend:ng; and the tull amount of each ar.d e~ery such paymrnt sF.,,l; t;•;a~ inrerest frorn the date rhereof un!ii paid et the
r,~!e of n~ne pei :antcm per annum; anc.' all said costs, charges and r-apenses ir.curred or paid, tcgrther w~th such inrerest, shail be sec~red by the lien of thii
mortgage.
S. That (a) in the event of any breach of this Mortgage or defauit on the part of the 1L10'niGA.GOR, or ;b? in the evem eny o: sa'd s~ms of mor.ey
herein refarreu' to b° rot prcmptly and fu!Iy paid within th:rty (30) daya next atroi ihe same SCtc!d~ liCCO~n2 due ar.d Ndy3J~@, W~iFIJUI demand or notite,
or (c) ~n the event each ar,d every the stip~iations, agreements, cond~tions and covenanrs of sa d pro:i~isscry r~ota ano th~s mortgaqe eny oi eifiier ere not
~ufy, pro-nptly an;i fu~fy performed, d:scharged, exec~red, eifected, completed, compGed wi!h and ablded Sy, ihen in e.ther or eny s~~ch evem the aa~d eg
grega!e s~m ~nenfioned in said promissory notz then remaining ~r.paid, wirh in~erest accr~ed, anu a~i moneys sec~red hereLy, st,ail become d~e and pay
abie forthwirh, or thereafrer, at the opr~on of said MORTGAGEE, as fuiiy and complefety as ii a!i of th~ sa~d s~ms ef money were or!ginelly sr~pulated
to be pald on wch day, anything in sa:d prom~ssory note or in this Mortgage ro ihe tOnhary n;r.ti;tnstandirg; and there~pon or ihereafter ai the option of
seid fY~ORTGAGEE, without notice or demand, suit at law or in equity, thereiore or thereafter bcgun, may be prosz.vted as if ail moneys securec! hereby
hsd matured pnor to ~ts institution.
7. That in the event that at the beginn~ng of or at any time pending any s~it upon this Mortgac~e, or !o foreclose ir, or to reform it, or to enforce
p~ymenf af any claims hereunder, said MURTGAGEE s!~ali apply to the Court haviny ;vnsd:c~;on thcreof for the appo~ntmeM of a Receiver, svch Co~rt shali
forthwitli dppoint a recei~er of said mortgaged property all and singuler, includ~ng all and s~~g~iar t'r:e income, profns, issuex and reven~es from whatever
s~~~~ce deri:ed. each and every of wh ch, ~t ee~ng expressly understood, is hereby merrgae;.d ss ii sp~~c~fically set fonh and described in the graminy and
habe~,d~m c;a~.,ses hereof, and such Recefvar shail have all the broad and efferr~ve f~r:~t.ons and poNers in anywise entr~sted by a Court to a Rec~river, a::d
s.:ch a~:pointment shail be made by such Court a. an admitted equity and a matter of nbsoiute rlyht to said MORTGAGEE, and without re(crenGe 4o tha
a~i_q.~::c~ or inadequac~ oi the value of the property mortgaged Or to the so~vency or inso!ve~~cy of sa~d tRdRTGAGOR or ihe deEendants, and tfiat such
rco~s. qrofits, inco~ne, iss~es and revenues st~ali be applied by such Receiver accorduig to the lien or equity of sa;d MORTGAGEE and the prad~ce of wch
Court.
8. To d~iy. prompt!y and f~lly perform, d~scharge, exec~te, effect, complete, comply w(rh and abide oy each and every the s!ip~!at;ons, a~reements,
cc~~d~r,ons and covenaros ~n sa~d promissory note and th~~ morrgage set forth.
9. That in rhe eve:±t the ownenhip of th? mortgaged premises, or any pa.t thereof, becomes vested in a person otnar than the MORTGQGOR, the
f."ORiGAG:E, ~ts w:cesscrs ar.d assigns, may, without r.otite to the ~10RTGAOR, deal with svch successor or 5~CC2S50! in imerest w~th referen;e :o this
n-e~t~7ag2 and the deot hereby secured in the same manner as with 111ortgagor w~tho~r in er.•y o.ay vit:ati~~g ar d~scharg~ny the 1J1cr+gagori' iiai~ility Fere-
~nder er upon tha d,~t~ he-e'uy secured. No sa!e of the premises hereby mortgaged and no fo~tearance on tha pari ot rhe M.ORTv.=~GE~ cr its s~aesscrs
or ass~n~s and no exrens~on of the rima fur ~he payment of tne debi hereby sec~red g~ven by ihe r: ORTGAGEE ur Ifs successors or ass gr,s, .1~ail oparate
ro re!ease, d~scharge, modify change or affect the o~iginaf liaullity of the MORTG'AGOR heiein, either in whoie or i~ part.
10. it is speefically ag~eed that time is of the easence of this contract and that no v.ai:er oi any ob~ gat~on here~nder or a( tFe obligation se-
c~red herebq aha:i at any fime thereaiter be he!d to b~ a waiver cf the I@fTl heraof or of the +~~s~rument sewred h~~by.
i l. in , ci;i r:: i to the forego r~7 month!y p~ymants of pri::c pa! and interest fepinrf~J by tt~c rrom sscry no'e s_c~•ed he••_b/, mort~~gor tovenants
ar.d ag~~es ro pay to martgagee v~~th each rnon~h'ry pa~i.:er.t an ;dd~!;onal s~m est n areJ b~ r.~o~~g.•.gee to oe equai to 1 12 cf !i,~ an:;ual cost of th~ foliow-
~n~:
A-AI! rea! preporiy taxes le~~ed or assesscd agai ~st thc above desv~5ed ~eal es+a+e.
6- Fr_.,.„:,s en f~re ar:d r::r,dstorm ~nsvrarce as nere~n requ:red to be carr:_d c~ th~ ,,:-ove•ne~ts s'tvate cr t6e abcvo descr;5ed premises.
C--Pn~r.-~:~.s or~ >~ch n~.~rt~:~ge guaranty icsvra~ te as ~~,o~rgagee shali fren~ t~ce to t, d_e^~ fit ~o carry on the ;oan sec~red hereby.
t.Sor+g;pce sh:'! '~cm time to time ncrify morigago. in writ:r.g of the arro;;~t du~ and payable hereu~dar and s~ch sum sha!I thcreupon be due a••.d
i,~;~u'.e on tF: d__ tia!e of t'r~e .ext ,*•.onth;y payn~,ent and rach su•:cessive movll ?f~?.'E'3ft7' l'.iu TCrtga~ee sha~l ro!:fy ^o~tg::~or of a change in sv:n
a~ o~nr. Such su:n.s sFa:l i~e ~pp''~ed by mcrtga^y•:c So.vard the cayn~:en; of real prcperty taxrs. insura ,ce pre.n.~:es, ~d n•.crtgoge guaranty inw!ar:.
(2'e rt~~i V ms.
IN 1'l17NE55 'l.'HeREOF, tne sa~d MORT~AGOR has h~reu~ro set h~s hard and scai th ~ da; and year f~rst aforesaid.
Signed, Sea1 and defi !~r d in the presence of: ~
~~~~:~~}~tir6~n~ ~Sea!)
~ ? - ~ ---(Sea')
- - - ~~~v~-~r,.!'1S_~~t~~ ~-{Seal)
v
~(Sea!)
ST:tTE OF FLORIDA ~
55.
COUNTY OF St~Luc ie _ 1
8efore me personaliy appeared --~(14~~_~kg-__-_~.---___-.__-_-._ and
riH1'1@A.Ll. QiCkg _ his wife, to me svel! kncr:n and 4rown to me to be
tha ind;vidva's descrlbed in and who executed the foregoing instrument, ansl acknowledged t~~fc:e me iha~ they exewted the same for the p~rposeo
th_~rein expressed. And the said__. _~'t~ll'~@8.I1 1~~Ck3 _ _
,.~ife of the said _.~_-_~__._____r~~ _ ~0.~8.9 R~C~iB ~ _ vpon a separate and private
e.am'nat~or by me taren s~parate ard apart from her said husband, atknowledged to and be'ore me that she executed said irstrument freefy and volun-
rar:iy and w~rhout any compu.si~n, CO^Straint, apprehens:ory er fear of or from her said h~sband.
iiC
WITNESS my hand and offc;al seal this_ ~ day of~v_ _ ___~uly __W`~ A. D. 19~2.}_
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Not~ry P~ ic in and for the State of Florida at Large
' ~ My Comm~asion expires:
''r~e;Gi~~f~q: ~,NO F3Ee6t~B~D
First Fe'c{~rb! Sa.+ir~gs.',!Y }a,~ Assoc~a~~-~l~~~ O O~ '~otary pub! c, S±,te ot F!orida ~f L
- , • ~f FCrt ~P.~e~Ce ~ ~ t~~`~ COfT;TI._S~O~t -rP'~~<"~ .If1~.~ 8 ~Q~
~ ~ Foqt~+?SErc~ FIot~4.d. , G4 .~itl ~~ti~ ~y' r?fli:f~~3~ :ilJ~~iy,.~,R{ Y. _
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~ . . ROGEEf i•~~~"~ Fs,~,S. Ct~ERK - . ~ ~ _
~~F. LU~I~ EOUNTY, . ~r
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