HomeMy WebLinkAbout1271 3. 7~ p!ace and ca~rinuo: s'y keep a~ f'r;e b..; .l,n,~s ^oh or i,ereafre~ s~t,,etr en sa !an:1 d c? a'~..~_~;p•-~e~t e^d peroonally covered by thia rnortg~
ege, w,th ali premi~-3 thereor, F,a d;n iuil, fr.c ;ns.~~, ce .n th, ,:e~;~ sr~e:i.r<! pG' c1 term. ;n a s. ^ a~;rroved hr 'hr A~.vR;v.~'vEE, ar'd windstorm
ins~ranee in tha Lwal sundard pol cy for~n, i~ ~ w:~: aF;:~o:ed bti rh~ .4tpRTGAGEE, in wch ccrpany or nian es ai rhr A10RTGAGEE may
di~eci; and a11 i~~e a~~d w,ndsrorn insurance po!:;les on an~ of sa d b~~i'd.ngs, eny inrerest r!~ere~n or ~an th_reof, ir, tne aggr~•gatz sum a'oresaid or
in excess thereo`, shaii conta~n the ~suai standard n~,orrg~gee c,ause or wch other C'ause as the h~ortyagee ~nay ~P~~•r8, ma?ing ~he ioss w~der sa,d poli•
cies, each and every, payab'e to sa~d ,ti1pRtGAGEE as ~~t ;ntrr~st may appear, a~~d each and every~ such po ~cy st,a,l be ~rompfly ass ynrd and dellvered io
any held by said ~`10RfGA ;EE as {urthar sec~~ity to iaid n•:ort~age d~ui, and, not lesti ri,an ~en ;l0) da~s in :ad:ance of the expirat~on cf cach poGCy, ro de-
liver to said h1pRiGaGEE a renew.;( fhereof, togefher w:;h a:~ce~pt for ih_ p~e:nl~m of suth renrwa!; a:.d tnere iha'I be no f:re o+ windsto~~n insurance
pleted on any of sa~d b~ild~ngs, any interest ihere~n or p~rt the:e~f, ~n'.ess ~n ~he fer~n'and w~?h the ioss pay.jb:e ~s aforesaid; ard in the event any wm
of money brcomes payab!e vndrr s~ch policy or po!~c~es sa:d ;V10RTGAGEE sha11 have the ept,on ro rec•_~.e ;nd apr:y the same on accuunt e~ !he indebtt•d-
r~ess secured hereby or ro perm~f sald h10RTGAGGRS to rcc~~~~e r.•,d ~se ii or an; c,vi t!~~,~,~•~o' ~e~r cs.s. v:.~i~^.,.~ th~-~o, ~.v~~~.~~•~ ,:r ~~,p_•r-
ing eny equ~ty, lien or r~gh~ under or by v:rtue of this mortgage; and in the event sa d A.\ORT(;r1GOR5`sh~'I fcr any reason fail to i.e:ep the sr.id prern~ses so
insured, or fai( to de~~Yer prompNy any of sa~d poi:c~es of ~~svrnnce ro sa d ti10RTGAGEE, er fo: pron:p!Iy to pay f~i;y any pre~n~urn therefor or in any
respecT fail to perform, dlecharge, execvte, eftect, co~.~p!ete; co~riply wi~h and ab~de by th!s coven~^t, oi any pjrt hereof, said hiVRTv%+GEE n.ay piac? a•o
pey fo~ such ins~rance or any part thereof without walvinq or affecting any optian, lien, equ~ty, or nghr v~de+ or by virtue of rh;s Mortgage, and ~he
fu): amoum of each and every such paymem shali be ire:nediate!y due and payat~le and shall bear interest fror.~ the data thereof unti! p,,~d a~ tha rate ol
nine per centum per dYl!1~J"1 an„ to,~chrr v,nh s~.:ch inte•esr s!i3i~ b~ sec~red by the Ilen of th:s mortgag._,
4. To permit, comm~; or wffer no waste, impairrnent or deteriorat~en of said property or a:iy par! tnerrof,
5. To pay aIi and singufar the•costs, charges and expenses, inNuding a reasonab'e at~omey's fee and cests of abs~racts of tit'e, incuned or oai~ at
eny tim.e by said A10RTGAGEE, betaus~ or in the evem of t'r~e fa~lure on !ne part ef the said 1.10RTGAGOR te duly, prom.pt{y and f~liy perform, d~ychj~ge
executt, Effec~, coinp~ete, comp'ry w~th ~nd ab de hy each and every the stipulations: agreements, conditiOnS, an~ covenants oF said promissory nofe a^d thi~
mortgage any or e~rhe~, ar.d sa d costs, charqes and experxes, each and every, sha~i be ~mmediate!y due ano payabie; whether or not there be not~ce d>
mand, a`tempt to coi;ect or suit pend,ng; and the f~il amo~nt of each ar:d e~ery svch F~yment shali bea~ int•_rest from the date thereof vntil paid a~ rhe
rate oj n~ne per cinr,;~~ per annun; ~n;' ~i1 sa~d costz, ch3rg~s a~~d r~:;~nses :ncuned or paid, rogether w,tn ~uch interast, seall be secured by the lien of thls
mortgage.
b. That (a) in the evenr of any 6rezch of th~s Ivlortgage or derault on ths part of the h10RTr.nGOR, or ~bl in the event any of sa:d s~ms of money
he~e~n refer:ed to b~ cot p~omp!~y and fuiiy pa~d wirhin th rry ~30i days ne~r a±r•r. rhe s~•ne se:era:+y L%?iOm[ d:;e and payable, wirho~t demand or nctlce,
or ;c) in the evznt each ar.~i every the s!ipv'ations, agreemen!s, tend~tions and covenants of Sa d premis3ory note and th:s n;ortgage any o~ either are nof
july, promptly anc; fu:ly pertonncd, d S:harged, exec~ted, effecred, co~npieted, co:np'~:ed v;~th ard ab•ded 5y, then in e,ther or any su;h event rhe s~id ag
grega+e sum meni;oned in Said promissory note th~n rema~ning unpaid, w~th intere3t accr~ed, and -e~i mon~ys secured heraby, shall beeome due and pay
eble forthwith, cr thereafter, dt the opt~on of said MORiGAGEE, as fully and comp!e;ely a5 If all of th_~ Sa~d wms o4 money were or+g~nally st~p~lated
fo 6e pa:d on s~,th doy, anythfng in sa d prorr,;ssory ~ote or in tnrs hlortgag~~ to the conlrafy not.v~thst3r,d:ng; and thereupon er thereafter at the opt~on ef
said ~ti10RTGAGEE, v.;~ho~r no!;ce or de~rand, s~it at iaw or in eq~~ty, therefore ur thereafier begvn, rnay be nrosecvted as if ali moneys sec~red hereby
had mat~red pr~or to ~ts inst~t~hon.
That in th? ecent thar a! the h~ginm:ng of or a+ any t~rr.e pend~ng aqy <_v~t vpon th~s No~+gage, o. to forec~ese it, nr !o feform it, or to enforce
payment of any cl~~ms he~eund:r, sald A;ORTGAGEE shai~ app'y to the Ce„rt h~vir.g j•~r.,c+, ct:on th•ar_or for !he ap::o nrrr.er.t of a Rece~ver, sv:h Covrt shail
forthv.ith appe~nt a retei.er of sa:~d mortgaged property al{ and sing~iar, inciud ng a;i a~~d s:ng~Iar ti,e icco~r.e, prol~ts, issues and •evcr~ues from wh3tever
sowce derived, each a~c7 every of wh cn, be~ny express'y undersrood, i5 her~:b~r mertgaged as spec,'icaiiy set fo~th and described in the grannng and
habendum c!3uses hereof, ard wch Receiver shali ha.•e aI; the broad a^d etfeu:ve funcr c~~s ar.d po.~ers in any.v!se em:usted by a Covrt to a Recei~er, erd
t:,ch appointmen! shai~ bc mad^ by such Ceart as an ad•~;ttcd equiry ar.d a ma!r~r of absc:ute r,ght to sa~d MORTGAGEF, and with~ut reEerence to the
adeqvacy er inadeqoa:y of the va'ue of !he p~epe~ty m,errgaged or to ~n~ sov~ncy er ~n~o,,-e~cy of safd !.10RfGAGOR or the drfe,dan!s, and that such
re~~ts, pro4its, i~ceme, iss~es and reven~es sh3ii be app.lod G/ su.h Rece~vcr a,cor,;.n~ to tF:e fien or equitf o( sa:d M~2TGkl'oEE a.^.d the prdUice o{ SuCh
Coutt.
8. To du!y, premcr".y ar.d fvi y p._rforn-., d~schar9e, exe;u!e, ef~~~t, compiete, ce:r.p'T w;th and ab de by each ar.d every the scip~;aticn:, agreemeMS,
conditions and co:enants s~:d prcn:sso•y note ~nd ths r~•~rr3sge s_~1 {or~h.
9. That in tn~ evr_~t rhe ov:r.erchi~ of tne mo•tqaged ~,.c~,:ses, or a•,y part tr.ereof, t;ecom~s ves~ed in a pe,son o'h~r th~n fh~ !,4pRTGAGi.~R, tha
MORTGAGEE, i's s~ctesscrs and ass 3ns, rn?y, w{rho~t rct:;e t~ ri,~ ;+.QRTG~~~.R, dea v.:th s.,ch succ>sso• cr avccessor :n !rteres~ w~'h r~ierec.,e to this
mortgage and th~ r;eo~ her.~by sewred in ti:= s~~e rrs~,r.~r as .v~rh :'.ortg3gc~ w;+heut in any v:ay vit.ating or d.scha~o:~~ tFe /.5c~'gz,_ ~~s" liao,;~ry here-
under or u~on the detrt heieby sei~red. ~JO sain oi in~ cre•~vses h_reb; mo~tgag~~d a^d no fcr~eara~,ce on t'r,e parf of t'~:: I,tip4iGi,'v=E or irs successcrs
or d55i~nS and ~e er'ers o~ of th:, t:, ,c for ,he paymen! of tFe debr h~,*~by sew~ed a~~en by the 1IORTG~+GEE or its s.,ccessors or ass gns, ai~~all operate
~o reiease, ~scharge, mod~fy change^or aI'ect the e~~g~nai ~fei~:;•ty of rhe !N.On^TGAGOR her~;n, oither ir wFole or in part.
10. !r is sce;~f~~~~;y ~g.~.P~ rhat t~^,e ~s c` rhe esserce cf ~h:s CO!;1rJCf and that r~ wai~er of a~y c:>'gar:on hercur.der or oE tFe ab:igat;on se•
t~red hereby shali at ani ti^~e ~'r.ereat!er be he!d ro be a wai:rr ef th~ terms her~~of or of 1he ~nstr~~nent secured hcrby.
~ 1. In ~..l,i . U It f ~,~C n-:~ h~r ..,is O ~ i.~ ~ a~.d i~,,,~.. S. re~" _.a t~ ih ~ p~ ss.,r~~ ~ r 5 ~'e~ F' i '
~ _ El~ . ~:f33jC~ .uve~an?S
and agr~es tc ~.oy ~~•~3 ri ea_n ~ ~ c~ t o. o,:~'• e~a; s~^, _s• ,~r.d b r.o ~ t~ b= e..~3'^!0 1;2 01 tn, ,
/ ~ 7"~ ~ _ _ I cc51 oi ii~e fe ~~.v-
ing:
A.-A~I real Frct.e•t~ 1>x,,s ass~.y.•,,i -,-5• f~c. ac~:e d~,svlb_d .~_a' es•o!r~
B_ p~:.,~,:.. s cn f,re and .v:ndsto.'• ~ncorarLe a; h~•e r. r~ , r .
q- d ro be a r~d c° ti,~ .~oveme~rs s'+va~e on t=.,- above d scr be
- d prem,ses.
C-Pre-n,u-~s on su~h r*~orri,g<: g~a~ao'y ~rs-:ra--e as n~ g3^•,F s~~a,! f.or-: .~+o _ dre:-~ f~t to ca~ry e~ tna loen sec~red hereo~.
'.'or~~j~ee st., t-'e to t., i•'~ r; , r" r 3 0~ t^,~ a ard ~•;ao e h~re~ra~r and su•n 3~~~ sh3;l th~~rev n be due and
Fayabe oo tne d.,= e~r~~ f! f•,, r ~d _c~ s~,_.ss.e ~!,r mcr e^ee ~3't-e~~t.f rnortqa~ct of.a.c.ha ye in su~h
a. o~n'. S:,~h su s s! r c~,.. ~ c, m ~ ~;,3, ,-ent ci r~ , rr 'axes, ins~:r. ~ prarr~ , d rtga~¢ ~g~aranty~ insurance
p~err~~r~s.
IN Y1~TN~SS ~:HER~O~, rt,: sa d h1CP.TGA~^R i as F.ereu^to srt f,;s f;cr,ti ard ~ n ~
se~i tFe day a year firsy afores '
\5lgned. Ied an 'ivered in tne preser:e o!: A'!~ ~ z~i ,
~ By ~ - u
"'i _rc,.a
A rri o o ~ r e~.i
-~e
-
- - A t t~ ~t ~ _-~iseaq
' (Seaq
~ i.)aV° i 03pZ~1 ~'_r 33 ~SeaU
STATE OF FLORIDA COUNTY OF S7. LUCIE
I HEREBY CERiIFY, That on fhis_____'~~ day of `_____________LeC~mbai° ~I
r1.G. 19_65 ,
beiore me personally appeared ~ Arnol d Po~a t~al and -_-~~=~~~Q~_Ptll_~t~,_____` _
respectively President and ~ ~
s ~ ~ ~ Secretary o{
_ARNOLD EPZ`T'i,R PR I3ES INC . L , a_._.--- F i~ ori d~. ~ Corporation, to r~e
know~t ro be the perscns described in and who exnc~~ted the foregoing in;trurnent, and severafly ackrowledged the exe-
cutio~.ihereof to be their free act and deed as such officers for the uses and purposes tnerein mentioned; and that ihey
atfixed !hereb the afficial seal of said corporation, and the said instrument is Sne act and dee~J of•'said CorpQcdtipn.
~ i j ~ r
WH'NESS rny hand and official seai at Fort Pierce said count and st2te.~' ~
: ~ ~,,r' ~C' ~ '
. -rx.i~ ^ .
t~
~lL~D-AND~ OE~ Notary Public, i and for State and tounty b#c(re~ai~i.
{'`l.~~_____•--- ~ U o K My Commission Expires: Y L- .;r~`
~~L- s' ~.2~~: i~ - !?~1~. 3~ ; Y ~ ,
_ ~CC nr~ 1 f1 DIJ ~ ' ~ ~ ~ ~ ~
„ , , ,._~ni'~-
~T. !_t1~„'i~ C~~U~:TY,
Ft_0 ZIuA ~ /
i{ s
. ,~~,r ~j~ ~ o