HomeMy WebLinkAbout1110 3. To p!ace ar,~ ~~nt~n~iou5ly keep on the b~~'d~nc~s r~on or hereafrer it:,ate on s3:d ~and an~ on all e~.~ipment and personally covered by th~t mortg
eye, w,th ai~ prr•;•~.,,^~ tt:~reor, ~~ati :n i~li, f,•r ~ns„rycce ~n ~hr u5vdi srardar~ p~i;ey form, in a s~m aHpro~ed by th~ MORfG~GEE, a:~d windstcrni
ins~rance in the un~al sfandard po'.cy forrr, in a sum ar,~ro.ed b~ the h10RTGAGEE, in sv:h carnpany or compan~es as fhe M~RTGAGEE may
d~rect; and a7i f;ie s.-d w,ndstc~m ~nwrance po!~:~es on any of sa~d b~~!d ngs, any in!erest therein or ~art rhereof, in rhe ayg~egate s~m atoresaid or
in excess inereef, shail contaln ihe usual sta~~dard mortgagee c'aus^ or such other cl~use as the Mortgagee may requ,re, maf~ing the loss unde~ s.~~d pdi•
cies, each and every, pay~b'e ~o sa~d ~1~tORTGAGEE an ~rs .r~trrrst m3y appear, and each and eve~y wch pol:c; shall be promptiy assgned and da:ivered ro
eny held by sa~d M.ORIGAGEE as furrhar sec~r~ty to sa~d m,ortgage deot, and, nct less than ren (101 days in ad.ance of the expirat~on of r•ach poilcy, ro de-
liver to said A10RTGAGEE a ienewal thereof, toqether wi!h a re:e~pt for thr prernivm of such renewa!; an~ rhere sha!! he no f;re or w;ndsto~~n insvronce
p!acad on ar.y of sa:d b~~i!d~~gs, any in!erest there~n or part thereof, ~n!ezs in the fo+m'and with the loss payab!e as aforesa~d; and in the e~ent any sum
of money brtomes payao!e ~nder s~ch policy or policies said MORTGAGEE shall have the opt;on to recaive and apply the same on acco~nt o~ the in~fzbred•
ness secured hereby or ro permit sa~d ~+IURiGAGORS ro receive bnd use it or any p;~rt thereoF te~ o~'r.~r c~r,.~zes, .•.~~~o~! ~h~.~ c„ wa;,, ~3 or r„p.~~r~
ing any eq~:ty, Gen or right c 7der or by virtue of ihis mortgage; and in the event sd'd MORTGAGORS shall ~or any reason fail to keep ihe sa~d premises ao
ins~red, or fail to de".i~ar prpmptly any of seio poi,cies of insurence ro said MORT(',AGEE, or fa;; prompr;y to pay fully any pre~nium thcrefor or in a~y
respect fail to perforrn, d~scharg<, execute, effect, complete, canply with and abide by this cover~ant, or any oar~ harsof, said MGRTv.~GEE may p!aca a a
pay for scch ineurance or any part thereof without walv~ng or affec~ing any option, lien, equity, or righr under or by vlrrue of rhfs Nerrgage, and the
fuN amovnt of each and every such payment shall be immediately due and payable and shall bear interest frorn the date thereof unvil oo~d st the rate oi
nine per centum eer annurn an~i ro~etn~i ~nith nuch interesr sha~i be s~~wred by the lien of this mortgage.
4. To permir, commit or wfFer no waste, impairment or deter;oration of said property or any part thereof.
5. To pey all and sing~tar the~costs, charqes and expenses, incfud~ng a reasonable atrome~'s fee a~d cosrs of abstractn of t~lle, in~urred or ~aid at
eny rime by said MORTCAG`E, because or in the evern of the fa~iurs on the part of 7he said MORTGAGOR to d~ly, promprly ar.d fu!!y pertorm, d~scharge
execute, effect, complere, co~nply w~th ar.d ab;de by each and every the stip~iat~ons, agreen~ents, conditions, and covenants of said pranissory note ard this
mortyaye any or eiiher, and sa:d cvsts, charges and experrtes, each and every; shall be immed~ately due and oayabte; whether or not there be not~ce dz
mand, attempt to col~ect pr suit pend~ng; and the full amounf of eath and every such payment shall bea~ inte.•est from the da?e thereof vntil paid at the
ra!e oi n~r:e per cent~m E•er an~~:u,i; a:~~ ;il said co>!s, charges a^d expenses ;nc~rred or paid, together ~n~th such interest, shall be setured by ihe lien cf this
mortgage.
C. That (a? in the event of any breach of this hlorrgage or defaulr on the part of the MORTGAGOR, or (b) ~n the event any of sa'd sums of money
herein referred to be not prc~npr~y and fully paid wiihin th.rty i30J days next a~tcr the san,e seeera!;y b~corne due arid payable, withouf demand or nofice,
or (D in the eve,~t each and every the stipu'ations, agreements, cond~tions an~ covenanrs of sa d promissory note and th~s mortgage any or e~iher are no1
~uly, p:omptly and fuiiy perfaned, d.s:harged, executed, effecred, completed, canpl~ed with and ab~deci ~y, then in e~ther or any svch event ~he sa~d ay
gregate s~m ment~~ned ~n sa+d promissory note rhen rema;ning ur.paid, with interest aarued, and all ~r,oneys sec~red hereby, shall become due and pay
ab;e forthw~rh, or thereafrer, at the option of sa;d A10R1GAG[E, as fuily and completely as if all of tiie sa;d sums of money were or~glnally s~~pulated
to be pa.d on svth cay, a.;ytning in sa:d prom~ssory note or in this rNortgage to the conrrary notw•i~hsfand~nq; and thereupon or thereaf~er at ihe op±:on of
said MORTGAGiE, .vitho~t not~ce or demard, suit ~t law or in eq~~ity, therefore or therez`ter beg~n, may be prosecuted as if all moneys secured hereby
had matured pricr to :ts inslitut~on.
7. That in rhe ever,t rhat ar rhe beginning of or at any tlme pendfng any suft upc~~ thls Mo•ro,ge, or to foredese it, or ro retorm it, or to enforce
paymen~ of dr,y c!ai;ns herevr.der, Said i'.10RTGAGEe sha~l appiy to ihe Cour1 having ~~r~sd.ct~on ih•~:eof for ihe dppomhneot of a R=ceiver, suCh Co~r~ Shail
FortFn•itn appcint a re,e~ver of said mortgaged property il and singular, in:li;d,ng a~l and s~nyv'~ar tf~.e income, pro(its, iss~es ar.d revenues irom whatevcr
source dcrived, ea;h ard every of wn [h, it being exp~ess'y vnders'ood, is hereby inortgaged as if spet:f~cally sei forth and descnbed in ~he granNn~ and
habendum c!a~ses hereof, 2nd wch Receiver shail have all the bread and e`fectwe funu onc and powera in anywise entrusted by a Cc~rt to a Receiver, ar.d
such appoinrm~nt shall be ma~e by wch Court as an adnitri•d eqvity and a matter of absolur~~ righr to sa~d MO.4TGAGEE, a~d wlthcut fefererice to the
adeq~ac~ or inadrquac~ of the •:a~ue of the property mortgaged er ro the sover.cy or insoivency of said t~10RiGAGOR or the deiendaots, and that such
re:~rs, proF;ts, incerne, issues and revenues shali be applied by such Receive~ accorti~r.g to tha lier, or equity af said f~10R7GAGEE and tne practice of s~ch
Court.
B. To du!y, Frcmp':y and fuily perform, d~schnrge, execu!e: effect, complete, cor.:ply with and abide by each ard every the stiFulatiens, agreements,
cor:d~tions and tovenanrs ~n sa~d promissory note and th s rn~rtgage set forth.
9. TF.at in thr• ev~nt the ownership of Ihe mertgaged p~emises, or any part ifierecf, 6etemes ~ested in a person o!her than the MORTGAGrJR, the
h10RTGAGEE, ;ts su:cessors ar,d ass;gns, may, wi:ho~t ro~;c~ to the N`vRTGAOR, deal `vlth such wccessor or svccessor ir, interest with reference to this
mo~rga~e ard the d^ot hzre'oy secured in the same m,nner as w~th 1,M1~;tgagbr withovt in any way vitla~ing cr d.scharning the 1:lortgagors' iiability her~
under or upon t're debr he!eby sec~~reti. No sa'e of the f:rem~s^s hcreby m~rtgaged a^d no fo~bearan~e on ihe par~ ef the /l~OR;Gr+GEE or its s~.cessors
or asslgns ard ~ o exrens o~ of the t~me f~r the payment o: the oebr hereby secu~ed o~ven by the M~ORTGAGEE or it5 successors or ass:gns, aliail ope~ate
to reiease, d s;harge, mod~Fy ~harge or affect the orig~nai f~ab:(~ty of the h',ORTGAGOR t~erein, either in who!e or in part.
10. It is scec (icafiy aareed that t~me is oF the esser.ce of this co~tracr ar.d rhat no waiver of any ot~';gation hereur.der or of the ooligation se-
c~red he~ecy sna',i at any time tn~reafter be he!d to be a wa~~er of the tern~s hereof or of the ir~strument secured hcrby.
11. In =~:I ~ c~ ~o the forego n; ~~o h!y p3~ , cn's ct p~~~: ,^,s and ~nf s re~ ~,ed hy th•. crer. sscry ro~e u~~~ed hcreb„ mortga3o, co~enen?s
and agrees !o ~ ay o c-.o-!gagee w t~ eac~; ,,'n l F~~--e~t a~ ao~,r onal sum cs, ,r<a b; r orrq~gee to be eqvai to 1)2 of t},e ~r.r~u~, cesr oi I:he fo!io,.;-
ir,~:
A-A.!I reai prc, ,•ty ,~.es ie.~_,. or assessc•d - ~.s! ti._ at.~ve descrlbcd re31 es?a~_.
B-Frer*, ,-~s on ~~r~ and ,~:indste~m ~rs~ra~:e a; i~ere'n rcqu:red to be ca~r'~d c~ th-~ :m;.rove~nea!5 s:tunte on the above dt;:rih_d premises.
C-Prerri,, - s c~ s::n mrr~<oe guaranrr ~rw-a cc as ma^~aW~e sha-i f,e^c t r~e ro !~~r:c d:e:n ';t to carry en i';e I~o~ s^cured hereby.
h'c•tgapee ~rc r ti to t,a~e nc';'y mc t ~.;r ~ i wr~!;~g of the a~• o~^t d~c and p~yab!e hereunder and s~~:h su~r~ sha ~ the;eupon 6e due and
Cayah~e o~ r~~ e z da!~ pf t~> ~,t mentF 1 p~;^ a~~d _ cn r.;ccassive ...o^tii ~Fe•._ef?_•r vrt~'. mcr+qa~ee sha!I not~fy m;^rtgayor o? a chang2 in su,h
a~,c~,nt. Such so:rs s+r,i r, ;_;i b; mer>gs~-.r -~:.-~~d !r,~ pa~rrenr of rea: prcr^rty taxes, insura,:_e prem:vms, a~,J ~r~crtgage guarar~ty. irsur~y,e
p~emiums.
IN V11?NE55 :~HEP.EOF, rh~ saVd ~4',OR? ;:,vOR has hcreu~~tc set h~s hand and sea~ z ~ ~ ` • ' .
~gned, 5°'ed and d"vered ~n the preser.ce of: n~~~~~~~ Y~3~1Y~~~f~1~G~~ pN :~~~RA~~Q~,J•
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By ~ • ~
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STATE OF FLORIbA CC~UNTY OF Si. LUCIE
I HEREBY CERTIFY, Thar on ihis-_~_"~ day of - De c embe r~______ _,/a,.D. 19_~_,
before me personaily appeared _Y~ ~ e r i P ~J ~rr~_ and FZ't~pk 7 i n A. H r~ R
respectively ViCe President and 4
- 5ecr~tarY of
NA T~ COh~ R T TTON OR ORATTQ~_ a_ r 1 ori d.g___. Corporation, to me
known to bQ th~ persons described in and who executed the faregoing instrument, and several;y ackno~fi-ledged rne exe
cution thereof to be 'their free act and deed as such officers for the uses and purposes iherein mentiened; and rhat tney
affixecl tiiereto the offiei~l ~eal of said corporation, anci the said instrument is the act and deed of said corporation.
- , ~ -
WITNESS my `~iand anE} o~fitial seai at Fort Pierce _ said county and state.
, , .
' ~ ~ ' ~t1~~i~~
' F'L~.'}~~~Q ~~C~~qD~QNotary Public, in d for State and County aforesaid.
~ ~~_~~~~ty Camm~ssion Expires:
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P~! 3s05
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~ . ROGc~; ;';.i ; ~;,•,S. CI.ERK •
. - ~ . • ST. Li)~~IF COtJNTY,
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