HomeMy WebLinkAbout0676 AMl wid Morty~yors, fw tMms~lve~ ~~d their Mir~, Ipal npr~wntativ~y, •ucnuus +nd •uiqn~, h~nby jointly Y1d NVH~IIy COWM111 ~~d ayrN
to ~nd with th~ uid MORTGAGEE, ih •ucc~tto~~ ~nd ~~~iyru:
1. To psy all ~nd ~inpulu th~ printip~l snd intertft and th~ variouf ~~d tvndry ~um~ of mon~y paY+bl~ by vI?tw oF sairJ promi~~wy not~, ~nd fhi~
mort9aye, •s<h •nd ~very, prompfly o~ rh~ day~ rasp~ctively 1M ~am~ Nv~r~ily b~com~ dw.
2. To p~y all snd tinyuln th~ t~aes, ~s~eum~nri. 1~vie~. li~biliti~~, obliq~tioM ~ed ~ncvmM~nc~s of ~very na?ur~ and kind raw on ~~id dNt~ib~d
property, or that h~r~~ftir m~y b~ impa~d, ~uffrr~d, p1«ced, I~vi~d. a~auss~d tl+frron. a tMt Mr~ahK m~y b~ I~,ri~d w u~Md upon thb Mat~
~ys, w tM ind~bttdneu ?atured Mrtby, ~a<h ~nd ~v~ry, wh~n dut and payabl~, xtadinp ro I~w, befw~ they b~come d~linqwnt, ~nd b~iw~ ~ny i~fKnt
•ttache~ w any penalty is incurred; AND INSOFAR AS ANY YHEREOF IS OF RECORD THE SAME SHALL bE PROMPTIY SATISFIEO AND DISCHARGED OF
RECORD AND THE ORIGINAI pFFICIAI UOCUMENT (SUCH AS, FOR INSTANCE, THE TAX RECEIPT OR THE SATISFACTION PAPER OFFICtAILY EIvDORSEO
OR CERTIfIEO) SHAII BE PIACED IN THE HANDS OF SAID MORTGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT, •nd in 11» ~v~nt tMt any therwf i~ nol
paid, tat~~fied •nd di~charged sa:d MORiGAGEE mey at any time pay the same w any p~rt thereof witho~t waivinp or aff~ctiny •ny option, lie~, puity w
.iqht u~der or by virtue of thit mortgage ~nd the full smounl of each ~nd every ~uch payment sh~ll be immediat~ly du~ ~nd pay~bls •nd shall b~ar int~r~st
trom the date thereai until paid at rate of ~iyht per centum par annum ~nd to9eth~r w~~h tuth intereft ~hall be secu~~d by the li~n of th:~ moryt~y~.
To pl~c+ «+d ooMtm+o~Ny k«p a~ tM bulldlnp~ now w 1»rNhr? ~itw» on utd I~nd ar+d on ~II rquipm~nt ~nd prrw~ally ccv+r~c+ by fhu r~w~tq~
p~, wiM ~II pnmivrtw tl+K~on paid in fult, fIn fnwr~nc~ i~ tM wual stsrd~rd policy form, In •~um ~pprowd by tM MORTGAGEE, and windstorm
kqw~no~ In 1M trswl tt~ndard policy form, In • wm ~pprov~d by th~ 11AORTG~?GEE. in ~uch company w comp~nip ~ th~ AIORTGAGEE may
dincq ~nd all fir~ ~nd wir~torm insur~~v policN~ on ~ny of seid bul~di~ps. ~ny int~r~st tMr~In w part thrnof, in riw ~p9rp~t~ aum ~for~said or
In ~xaa tMrwof, sh~ll eo~t~ln tM vtual a~ndard mwtq~qw el~us~ w weh otMr el~uf~ a thr Matp~yN may rrquir~, en~kinp tM lou und~r said polE
cla, ~+th ~nd ~v~ry, p+y~bl~ ta sald MORTGAGEE its int~rNt may ~ppNr, ~~d ~~ch and ~wry ~uch policy ~h~ll b~ promptly au.yn~d ~nd d~~iw~~d to
~ny held by ~aid MORTGAGEE a furth~r ~ecu~ity to ~aid rtwr~py~ dtbt, and, ?wt I~ss tMn t~n (10) days in adv~nc~ of the ~xpiration of ~ach poliry, ro dr
liv~r fo Mid MORTGAGEE a r~n~wal iherwf, top~lMr with • r~c~ipt fw tM pnmium of sueh r~rwwd; ~nd th~~~ ~h~ll b~ no fir~ or windstwm inwranc~
plae~d on ~ny of a~id buildinps, any inttrrst el+~r~in or p~?t th~rwf, vnl~~i in tl» form and wlth tM Iwt p+yabl~ af +forti~ld; ~nd In tM ~v~nt ~ny ~um
of mon~y become~ p~y~bl~ vnda suth pollcy or polici~t uid MORTGAGEE shall hav~ tFM option to roteiw ~nd ~pply th~ sam~ on account of tM Indabt~d-
n~u Ncured h~reby or to permit Nid MORTGAGORS to rsteiv~ and ui~ if or any part thsreof for other purposea, without thrreby waiving or impair-
Irq any puiry, Ihn or riyht und~r or by virtw of this mortp~p~; artd in tM ~v~nt uid MORTGAGORS sMll fw •ny re+~on f~il to ke~p the s~id pr~misa~ to
iruuntl, or fail lo d~Hvt~ promptly ~ny of uid politi~~ of iruu?~nc~ to ~aid MORTGAGEE, w f~il promptly to pay fully any p?emium thertfor or in •ny
r~tpeet f~il ro p~rfwm, diuh~rq~, ~x~tut~, ~ffett, compl~t~, cnmply with ~nd ~bid~ by thi~ covenant, or •ny part henof, said MORTGAGFE m~y plate antl
pay ia tuch lruu~anc~ w any part tMrwf without waiviny or affectiny any opiion, li~n, equity, or risht undsr w by virtu~ of thi• Mortqaq~, ~nd the
full amount of ~ach and ewry ~uch peyma~t sh~ll b~ imm~diately dw and pay~bl~ and sh~ll be~r intere~t from tM dat~ thertof until p~id ~i tl» nt~ of
nins p~r c~ntum psr ~nnum ~nd topether with such intereit sh~ll be s~cured by tl» li~n of thi~ mortp~yt.
4. To parmit, commN a sufftr no wnte, Impeirmem or deterioration of uld property or •ny pan thsnof.
5_ To pay all and ~inpula tM cwt~, charyes and sxp~ns~s, includiny ~ rsasonable •ttorney's f„ an.~i ~o~ts of •batrad~ of titls, inc~rr~d or paid ~t
any tlm~ by uid MORTGAGEE, becau~e or in the event of tht f~ilun on tM F~rt of th~ aid MORTGAGOR ro duly, promptly •nd fully p~rform, di?tharp~,
rx~cut~, rffecl, compl~~~, camply wirh and ~b~de 6y ~~ch ~nd ~very ther itipul~tiom, +qrNm~nts, conditioni, and covana~a of ~aid promlaory not~ ~nd tfii~
morty~p~ any or •ither, and s~id costs, ch~ryet and •xp~mss, each ~nd every, ~h~ll be immediat~ly due snd psyable; wfieth~r or not tMr• b~ notic~ dr
m~nd, ~tt~mpt to tollett or suit plndin9; anc! the full ~movnt of e~ch and every ~uch p~ymtnt she~l beu intersst from th~ d~t~ therwf until paid ~f th~
rate of nine p~r centum per annum; and all iaid costs, charqet and expensea incurred or p~id, toq~ther with svch intert~t, sha~l b~ secured by tM li~n of thi~
mortqp~•
6. TMt (a? f~ th~ event of any broach of thi~ Mortqaq~ or default on ths part of the MORTGAGOR, or (b) in the ~v~nt •ny of uid iumt nf money
~ hereln r~f~rr~d to be not promptly and fully paid within thirty (30) days next ~fter the ~am~ ~everelly become due •nd pay~bl~, without d~m~nd or notic~,
or In ih~ ewM e~ch and eve~y the ftipulation~, ayreem~nh, conditiona •nd tov~nanb of ~aid promiuory note and th~s mo~t9pe ~ny w~itMr not
~uly, pramptly and fully p~rfwm~d, d~uharyed, ezecuted, eff~cted, completed, complitd with •nd abided by, then in either or any s~cch ~v~nt tM aid
pnqat~ sum menYwned in ssid prom3ssory note then remsininy unpaid, with int~rt~t ~ccru~d, •nd •II rtaneys sccured hereby, sh~ll b~toms dw snd p+y~
a61~ forthwith, w thereafter, st tha option of taid lNORTGAGEE, as f~lly ~nd compl~tely ~s if •II of the ieid sum~ of monty wer~ wiyinally stipul~ted
fo b~ paid on such day, anythinp in uid pramiuary note or in thi~ Mortqsqe to the contrary notwithstendinq; •nd ther~upon w there~fter at tfi~ aption of
Nid MORTGACrEE, without notite or demand, suit at I~w or in puiry, therefor~ or there~h~r bpun, may bs pro~ecut~d a~ if •il morwys Ncur~d h~nby
h~d m~tvr~d prior to in irutitution.
7. 7hat in the event thst at the beginning of or at any time pending •ny iuit upon this Mortyaye, or to foreclose it, or to reform it, or to enforce
paym~nt of •ny cleims hereunder, said MORTGAGEE shall apply to the Court haviny jurisdiction thereof for the appointment ot a Receiver, tuth Caurt sh~{I
forthwith appoint a receivar of said mo?tq~yed property sll •nd ?ingulrr, includ~ng dl and tinquler the intome, profin, i~sues and revenuff frOm whatev~r
~ovrc~ d~riv~d, each ~nd ~very of which, it beiny axpressly understood, if hereby mortQa9ed e~ if specifically set forth •nd d~acribed in the flrantiny a~+d
hab~~dum clauses her~of, and tuch Rettiver shall have all the bro~d and effettive functiom snd powsrs i~ •nywise •ntr~~ttd by • Coutt to ~ R~cetv~r, •nd
wch appointment shall be mad~ by wth Couri as sn ~dmitted equity ~nd a m+tt~r of absolute ri9ht to uid MORTGAGEE, •nd w?thout raf~renu to th~
•dsquacy w inadeq~acy of the value of the property mortqagad or to the ~owency or insolvency of s~id MORTGAGOR or tM defend~nri, and th~t fuch
~~n», profin, irxoma, iuws •r~d rsvenues shall be ~pplied by tuch Raceiv~r ~ccordinq to th~ lien or equity of s~id MORTGAGEE e.~d ths practiu of such
Court.
8. To duly, promptly and 4ufly perform, dischsrgs, exetuta, effect, complete, tomply with •nd ~bide by each and evary the ttiputationa, preemenh,
catditiorn and covenants in reid promisaory note and thi• mortq+fl~ ret forth.
4. That in the evant tM ownenhip of tF» moRq+qed premi~es, or any psrt thereof, become~ v+~rtd i~ a penon othe~ th~n the MORTGAGOR, th~
MORIGAG~E, fts succeuon ~nd assigns, may, without notic~ to the MORTGAOR, d~+l with such •ucceuor or tucce~wr in interest with ~efsrance to thit
mottyaq~ ~nd tM debt Mreby secured in tha s~m~ ma~nsr ~i with Mortp~por without in •ny way vitietiny w~dischsrsiny th• Mortqspon' liability herr
~ndrr ar upKm tha dabt hanby ~ecured. No tale oS th~ premiu~ hereby mortqped and no forbear~nte on the pa~t of th~ MORTGAGEE ar iri wEcawn
or u~iyns ~nd no •xtension of tM time for the psyment of th~ debt hcreby ~ecured qivsn by th~ MORTGAGEE or it~ tucceswrs or suigna, thell optrat~
b nh~, ditcMrpt, modify chanp~ or •ffK1 the oripinal liability of ths MORTGAGOR henin, aitMr in whol• or In part.
10. tt h tp~tifitally aQned shat time i~ of tha assanc~ of th;s conhact and that no waivsr of any obligation hereunder w of tM obllqatan ct•
wr~d h~r~br sMll ~t ~ny tims tlxreafter ba held to ba • w~ivar oF ths t~rmi Mr~of ar oi the insfrument secured herby.
11. tn sddition to tha farryoing mon~hly payments of print pa! and interest required 'oy the prom~swry ~ote secured here6y, mong~gor toven~nb
~nd pnes to pay ta mortyiyse with eath monthly payme~t ~n ~ddition~l tum estim~red by mo~t~c~ee to be equal to 1/12 of the arsnual cost of the follow-
A-A!I nal property tsxss levied oc aistssed agaimt the ~bove deuribed re+l ettate.
6-Premiums or~ firt and windstnrm insurence ~s herein raquired to be csrried on ths improvementt tituate on the •bove destribad p~~mise~.
C-Premiums on such mortyage gwronty insurance u mortyays~ ah~ll fram Nme to _ti+~t deem fit to tarry on the loen sa~cured_h~r~by.
Mortyayee s~all from tima to tima notify mortya~or in writinq of tfi~ amount dua and payah~e hereunder s~d s~ch aum;~iM1( 1~1id ~ it'fit+dy~ ~nd
p~y~blo on the dw dat~ of tlr~ ne:t monthly peyment and ~ech succes:iv~ mor:th thereafter until mortgsgee sh~ll notify m8it~~;efl~+rh}~rNi"'wch
Mnovnf. Such tuma shall b~ ~ppli~d by mortflsfle~ towsrd 1M p~yment of n~l proparty tax~t, In~unnc~ premiums, ind , rl~~i~~:~~yNr~w?y.~irRWane~
ptNnfurns. ~y ~ •,s
IN WITNESS WHEREOF, tM uid MORTGAGOR has Mrwnl Yt~ day ~nd ear fint aforepid. _ . e" C~,
s~ .a .~a a.i~~K.a ~:ILED A 3I~ . , A ~I,ORID ~-;w
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STATE OF FLORIDA R8G~4~C3 ~~'t, J~N~NCIE
s~r~ L~~ R~
~ I HERE3Y C~RTIFY, That on this ____~g~___d~y~~ ~CtOb!!Z" _ A_ p. ~ q_ _6~_,
be`ore me personally appeared _ _~'413Dg.~~ Diek80n and _-,I~79L~_. ~i Gkwori _
respectively Vi~~._ _ Pres+dent and _ _ Secretary -Treasurer , o{
----~.A.I~. i-Ilti~.--- , a-- _E1.D.r'.i~A~- Cbrporation, to me
known to be the persons described in and who exzcuted the foregoing instrument, and severalfy ac~cnowledged the exe-
cutiqn #h~er~'F~ia,pe their free act and deed as such officers for the uses and purposes tl~erei~q,+rtf~~4~~fit+ra;. and that tf~ey
affix~.tkiQieto, thi~~p4ficial seal of said corooration, and the said instrurr~ent is the att' .ap$ ~ieed"of•~ said"'torporation.
~NiTNESa mX h`ancll~and official seal at ~ort Pierce said coun ` rtr~.s~a~~.~
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