HomeMy WebLinkAbout2146 3. To plece tnd cont~nuousiy keep on +nr 6~~ .i ~.ys ~~c w.:r hrr~:,frrr s.t_,ate on sa:d :and ,:^d on eq~.iipmeret end pen.^^.~I~y covrred by this mong.
with all oremi~ms rhereon pa d n i.,J, i:~r ,^s_-.~ ~s~•~I sre~~~:-.! po, cy furm, ~n ~ s~m approved by the MOk~'"vAGEF, and windsrorm
inwrenct in the usu~l ~ta.^.da~d po'_.y form, ~n a s~ a,:, ru.rd t;, ~hc MJRTG~GEE, in s~ch tempany or companles as thr A10RTGAGEE may
dir¢Cf; end ell fire and w~ndsrOnn ~ns~rance ( o c~ s c:~ a~~, of f.+id 1:.;~'~d n95, any interent therein or pa~~ the~eof, in thc aggregatz sum eforeiaid or
in excesa thrreo~, shall con!ain the us_~~I SIa"CI3rtI n: c:~une or socn other c!a.,se as the Mor!yagee mey requ~re, maAing the lois undrr si d poii-
cie~, eech end evey, pay~b'e to sa!d h10RTGAGEE as .+s ,,._::sr m~y ap~~ear, ,~~d each a~~d every s~:h po' ry shail be promp~iy aas g~i~d a~~d de~~vered ~o
any held by sa~d MORIvAGEE as furrh_r securiry to sa:d d~ut, a-~d, nut !ess than ten ~10; da~s i~ ad~ar.ce of the exF~~~~t~on of each poi~cy, to de-
liver to said MORiGAGEE a renewai thereof, toyethar w:~h a:r:e fer th< prrn,iuin of such renewa'; a,~J tFrre shail La no f~re er ~,,,indstor~n insurancr
pieted nn any of sa~d build~ngs, any ~ntcrest ihe:e.n or ~,a~i i1.:•i~.;f, ~,I~ss ~n ~he 4or~n and .,~~!h the icss {~ay:~~!e as aforesa~d; and in the event any sum
ot money becomes payab~e under s~ch pol~cy or pol cies sj:J '~'JtitG-.G_ E shall ha.e ihe o~~~on ro rrc.~:~e d apF'y the sa ne on acco.~ v o1 the indebred-
nefs secur,d hereby o~ ro perrn~t sa-~d MORTGAGOF,S ru rec~•i~_~ a~~d use it or ~•iy ~.~,rt th~,:.oi t;~• r,tn.r ~;u~F::srs. ...~i~.,v~ th••.u, ..:.i~.i,~ ,~r ~~„p.~i•.
ing any eq~:ty, !~en or ri9hr under or by virtue of ih~s rnc:~gs~a; ar.d ~n the event sa!d MORTGAGORS shail for any +c.~son fail ro keep rhe sa+d pre:n;srs io
insvred, ci fail to de!~ver prornptly any of sa!d F~oi.t:rs of i-~sura~'~c~~ to s~~:d MORTGAG~E, o~ fo~i promF.tiy to pay fu',ly ar.y prerni;::n ther~tor or in zny
respect faii to perform, d~scharg~, exrc~re, eifrcf, con~F~',rte, co• ply .o~th and ab~de by fh~s cuvenent, or any F~art h~~reof, sjid MGRTv.~GEE may piace a~~d
pay for such ~nauror.cz or any part ~hereaf w~iho~t ~naiv~ng ur aff~cring any op~;on, iien, eqv~ty, or r,~hi undzr or by virtue oE ihis Mortgage, and thc
full amo~nt of each and every such payment sha~l br ~n~m<d~ateiy d~e dI1CI F]dY3F)I8 end shail bear imcrest trom tha dat~ thereof vnhi p,;~d at the rate oi
nine per cenrum per an~iu:n an.l to~~•thrr ~.~~~h s~:~~ ~n+.. ~•st sh:,~~ br, s~c~..r~~;f b~ the ;ien of th~s mortgage.
4. To permit, commit or svffer no waste, in,pa~rmr~v d~t~•riora•ion of sa~cl properry or any part therrot.
5. To pay all and s~ny~lar the cos?a, charges ard ~.r~~~•.ses, ~ncluding a reasonab!e atro:n._y's fee and costs of rbstiacts of tiHe, inc~rred or paid at
eny time by sa~d MORTGAG`.E, beca~si or ~n the event of ;s~_~ fa.!u~a on the pa~t oF the said h10RiGAGOR to duly, prompi!y and fvlly perfonn, d~scharge
exec~te, effect, complete, comply w~ih ard ob.de by ea;h a~:d c~ery the s~~pu at:ons, agre~n,_r,ts, ~o~:d~'~ons, and covenanfs of sa~d pron,~;scry note a~:d ih~s
mortgag? any or e~?her, a~~d sala cos~s, charges and e..E:~•ns~•s, eacn and cvery, shali be im~ned~.,h•:y d e and payaWe; whefher or not there be r~ot~ce dR
mand, attempt to celi~~ct or s~it pcnd n9; and th~ fu:I amount oi each and e:ary su.h poyn,e~.t sh,:l ~_•ar int•.rest from the date thereof umil paid at the
rate o~ n~ne uer ccntu~n Ec; ann,;:n; ~n~ ail sa~d .cs~s, en.~ gcs a~~,d ~x;;~~~ s~s ;r.c~rred cr pai~, rog~~tl,~•~ ~~„th such interesr, sha~l be secured by the lien of thif
mortgage.
6. That (a) in the cv~rt of any br~ach of th~s ~~'.orr9~ge or d~.~~!r on the part ef the M.ORiG..G~R, cr ,b) in rhe event any of sa d wms of money
fi^rein referred ro be not p~crn~~'',y ~~;d fu~iy Fa~d •.ti~r.,io ti~.rty ,3~', d~~s r.e..t ar'. the s~nr se:e~a./ ce:one due and payaL!e, witho~t d.:mand or nonce,
or ;c) in the event each and ever~ the Stip~:7l,ors, a~ree~nen's. c::r~d~r~oes a.^.d cuvenan!s of sa.d F•ro~nisscry notc and th.s mortgaye any or either are not
~uly, p~ompNy ard iu'!y perfe!ine;i, d,schs~9ed, ~~ze~ured. eftecred co~np!e'ed, cenpi:ed .•.ith and anci~~;! yy, then in elthe! vr any svch event the said ag-
gregate sum n•,enfioned in sa~d pron+~ssory nc~e th~n rr" ~~r.~n3 ~n,.a~d, w~rh in~ere~~ ~tcrued, and a~i n,one;s secured hereby, shall become due and pay-
ab;e forthwith, o~ thereafter, at rha eE~r~o:~ of s.,id A1Jw1G.+GcE, as f~liy and cumplereiy as ii a~i vf tl~c sa:d suma of money were or~ginally stlp~~ated
to be pa:d on svch d~y, sr.yth~ng in sa d prc:~i ssory ncte x in this ~:'ortgaga to the ccnfrar~ not,:ItF.sta~~d:ng; and tnereupon or ihere>fter at !he option of
seid MORTGAGEE, w~thout nonce or den:an~i, s:.~t at :aw cr in equ~ry, theretore or the:~atrer beyun, may be prosecuted as if all moneys secured hereby
hr.d matured pr~or ro~rs Ins~irut~on.
7. That in the e~ent th>t at rhe beg~nn ng of or at ~ny t~~„e pend~ng any ;:~ft upon th~s Morrga^ye, or to foredose it, or to refcrm it, or to enforce
payment of any c'oirr~s fiereu.^.d~~r, sa:d P.1ORTi:AC~~E sha'': ap piy ro tt,~ ~oort ha.~ng ~~r.sdcr~on the:ccf for the appo~ntment of a Recr,~:er, s~ch Court shail
forthwith appcint a recei:er of sa~Fi rr.ortgag;d prcp~~rtr all ~r.d sir;~u;ar, includng a~! ar:d s~nqu'ar tha ircome, p'of~ts, issues ard revenues from whate~er
source deri.•ed, ea.h and every of wh.,h, it bc~r:a exF;ress'y ~nd_~rstcod, is FE~CL1y' tt1C."_7.i]"~ d5 ~f sF~ec f~cally set forth and descnbed in rhe grantfng and
habendum da~~ses hereuf, ar.d wcn Receiva~ sh~ii hav~ all the br;;~d and efrecr~ve f~rct cns ond po:•,ers in anyw~se emr~sted by a Court to a Receiver, ar~d
fcch appointment shsil be made by s~ch Ceor! as an ad •~i~!~-d equity and e marrer o: atso:ure r.ght ro sa~d MORTGAGEE, and without reference to the
adequacy or inadeq~acy of the vaiu~ uf the prope~t~ me~ry,:grd or to rhe so.~er,~y w~~uo,ver,c; of sa~d MORiGAGOR or ihe defendants, ar,d that s~ch
rer,rs, profits, income, ~as~es and rever.ues shaii be ap~;::ed ~~y such Rec~~iv~•r acco:d.ng to the !ien or equ~ty of sa~d MORTGAGEE and the pracrice of such
CO u rt.
8. Te duly, prompt;y and iui!y per'orm, d~xcharqe, c~xecuta, ef~e.t, comple-te, compl~ ~n-~th and abide by each and every the stipvlations, agreernent~,
tonditions ar.d covenar.ts in sa:d prornissory note and th s rn~rrgaye sr! forth.
9. That in th~ event rhe ownership of tF~ mo~tgaged prerniszs, or any part thereof, uecomes vested in a percon other than ihe MORIGAGOR, ihe
MORTGAGEE. +~s successors ar.d assigns, may~ N'~fF10Jf ne!ice to the ~ti".ORiG40R, deal w~th wch suttessor or wccessor in interest wirh reference to this
mortgage ard the d_°ot F±ereby sec~red in the same mar,ner as w~th Martyagor ,a~thout in any way vit:at~ng or dischary~ng the Nlortgagors' liability here-
under or upon the d~bt hereb~ sea,rcd. No s3:e of th•,e c~e•~. ses h_reb~ rno~tyayed ard na iorbearance on the part of the 1.40RTGAGEE er its successors
or ass~gns and no exr?ns~c~~ 04 ~he t~-ne ior rha F ay~~e~~r o+ rhe d_'.~~ he~eby sec:,rc•d g~~er, by the MORTGAGEE o~ ~ts s~~ccessars ar ass:gns, ol~all operate
fo release, d,scha~ge, modlfy changr or affeci th_ o~~y,n~t ;;ab :.~y ~f rne /v'.CRiGAGOR herz~n, e~~her fn whole or in part.
10. It iz spec~ficai:y aore~d that tlme is of tf,e esse:•;e of ~h~; contract a;:d that no waf~-er oF any obligar~en hereunder or of the obligetion se-
cured hereby sha:i at an~ ti~~.e thereaher be he:d to bc• a v:~~:~~r of the terms hereof or of rhe ir~strurnem secu~ed herby.
1l. In add tie~ ro rhe fcre ~o •,:J ~ ont:,'r i.,~,..~n,z ~_c : and i„r.,~cs! r~~au rcd 'o~ the ~•om sscry nc~e sc_ured hereb~, mortgagor covenants
and agrees b ray to ~~:or'.~agec ,ti ~1h eau~ •..;^~6 y p~; _~~t ~or~a1 s.:~n _s• .,,.ed 6r mort~agee to be ey~al to l, 12 ef t;re annual cost of the fo~low-
ing:
A-All real pro~.~.r•y rax_s !r:~~d o~ ass<<s~:: _ ai:~:c des:•!~_d .~i! es•,~re.
B-Pr~~... ~ rs cn f:r~ ar.d ~,-dsro ~r, ~es~r; ,.s r:;a,. _d to be i c.. +i:~_ , cv^.n~-nrs s;t:~ate en the abova d:scr~bed premises.
C-Pre~n~~na on .„ch m,cr!g;g._ gua•,nty ~rsu~a• c_ as ~~•o•t:~e ~-~e sh3!i ~rc.. re to t.~r~ cic'r^; f~! !o carry on the !oan secured hereby.
M,ortgage^ s^:, !'rc:n t~ r•e ro t~ • e nc• j; . c~r ::~_r ,n r.ry o~ the a~~~~_ ar.d p3y~t~`e hereund~r and sc:h su ~ sh.ai' thare~pcn be dve and
payab:e on !h_ d,<- , ci ~~a ,..~t r,,on!h., ~,d c... ~_:_o~ss~:e ~h , ~,e~frer u r,l mcrrg33ee shall not~fy mo~+~~ger of a change in such
a,~~,ount. Such s.:ns sF3.i bz a,,~'i.d n:~.•y.~_e ru:.a•d t'r.e t.~n~eni of re.,i^preF:crt~ taKCS, insurante pren;,ums, a~d mortgage guaranty insu~ance
p'err.iums.
IN \"11TNESS b`;H=REOF, the sad ".1CRTG4GGR has F.ere,•,!o se! h~s ha~d znd s•_~i rhe day ard year f~rsr aforesa~d.
Signed, Sealed and delivered in the presente of:
" ~-n-- ~-t~Q.~z-~_f_t~~ - (Seal)
(Seal)
~ ~G`~~~_~=__ - ~ ~(5eai)
- - ~ ~(Seap
STATE OF fLORIUA ~
C~ -1:~.;r ~ SS.
COUNTY OF I
y .p T ~r.l~l A .
8efore me perso^aliy appeared r
+ r, ~
iG~JfiID~~'12~ me well known o'nd krtpwn }o me to be
the in~ividua~ described in and who exec~ted the foregoir;o instrument, and ackro~N;edged before me that ~t}E*y executed''Ihe 5arne..tor the purposes
o
therein expressed. ~Jpn~L }~,A lfa}H~~_ _ - - ~ - ' -
~iiFe:~Y 1b~: Yaa~t3 --~[-y -1~,-,Y-y v~ y r~y~[y~~,~yyy7ry~~y7,~y1yyy.,~~~/
•~y~w C~yp'~j'}~~~+{~~
~i~i[i~71~2~9~. ~y`~~Bti:2A~ti'f3~Pb[~:8~rl~~it~d}4~[b:r{lsyn ba`Si'~MiOi#t@i ~a71cd~07Y+etaqQa-W~' 7Rll OYSOref~il6YifhN~ER!• E`FCKLI60'`4a10 ~I'ZIE~i}/~~d1~-
VO(Y?
tir~4~" ~cY itl'v.~hX+34 ~o~ ~cf~d~i~'sToX.'icXr,briG;3Sr' ~P~Sr2i~ri~~nsY ~r'rf~"ar' ~f'ro~ ~oi„'~~tT.4?ts ' IYvKoXr-~ Y . .
. F
WITtdESS my hand and eff~clal seal th~s.- _S.:
~,lft~- d3~' of---_~=`~'~'~m'~'P'~ - , A. O. 19,_=.._~~
j . - - .
~ ~
~u. L~'~ ~_____--~.k.--<:--`.t--.,~_
~3otary PubLc in and for the S!ate of' F16rida et l~rge ~
My Ccmmiss~on expires: ,
Retum To: Kbt~ry ~K, Sut! 0~ ~O~Idi ~t ~iPQ~
FirSt Faderal Savings lcan Asscc~~t.~n F q}y p ft~ G 0 R D E D
F I L a , f Ay Gmmission E:wres Sept. 23, 1969
Cf FCr1 P~c:G-~. ~i~ n ~O~ ~•.dod {t A~~,~u~ f~/a i C~:u~ltr Co.
Fort Picrce, Flor:~~ d.ll~~~t~~- IL~~`"
~r, ,
c*~~~~
~ ~ '65 ~;~~1 6 P,~~1 i~ : I 3
~ ~ 1 _~,41(}~..~
R~~~.;", ; ; : CL.ERK
~ ST. t_~~C~~, COUN?Y,
~ r~ORIDA
. ~ Bo~x130 347 ,
~