Loading...
HomeMy WebLinkAbout0967 . - ' To plaa Md contirwwu~h IcHP on ths buildiegs now w 1+H~aftK ~itu+t~ on sa~d land and on alt equtpm~nt and p~nonally covw~d bY thi~ narp' sp~, witA dl pnmi~~ ti?K~a+ p~id in f~~4 firc i~ur~nce in the vswl standard policy form. ~n • swn approwd by th~ MORTGAGEE, aew! winds~wm tnswanc. in tM uw+l ~~.ndud pol~cy f«m, in • swn •pproved by th. MORTGAGEE, in wch ca++p+~Y a ca^P+nies W ~M MORTGI?GEE may dk~cq and all fk~ ~nd w'~torm inswsnc~ policKt on aey of sud buildinps. ~ny inhnst tlwnin o~ p+h thKwf, In tlN ~pyrp~t~ wn? afora~id or + in ~xc~ thH~of, ahall cvnt.in tM wwl it~ndxd mat~a~i d+v~ a such othK clauw ~s tht Mat~~ n++iY nqvi?~. m+kinp ~M bu w+dn uid po1F ci~s. ~ad~ u~d ~wrY. WYabt~ w s~id AAORTGAGEE as ita intKeN m~y appNr, ~nd exA and ~wry wch policy ~MII b~ promptty au:yned and d~livK~d ro , ~ny MW by wid MORTGAGEE a funha secwity to uid mo?~p+~ debr. and. no~ I~u than qn (101 days in ~dv+nn of tM ~xplr~tion of ~+th Po~~~1?. to dr , livu ro said MORTGI?GEE a~seewal tMrwf, rop~tM? with ~ reuipt M? tM p«miwe oi weh ra+~w~lj ~nd tl+K~ ~h+il b~ no fu~ w winds~am ieuw+ee~ • pl~ad p~ ~ny of sa;d bvild'aps. ~11y 1fNNlit fMffill OI p+.t 1l+K~of, unl~ss 1n tM form'~nd with tM lou p+Yabl~ ~s ~iwesaW: io tM ~wnt any awn ~ ~q~y ~p„p p~YsbM w~d~~ wch policy or pcl;c;~a said MORTGACsEE sMll Mw th~ optio~ to r~uiw +nd ~pply tM s~m~ on +cca?M o1 th~ ird~b~sd~ nsss Na,.~d hsr~by a a pKm~t s~id MORTGAGORS ro reuive ud v~ H a any part ~hereof tw o~her purposes, wi~hou~ ~hxeb~ wsivins a~mpair- irg ~ny pvity, li~n a riyhl w~d~r a by virtw of this mortppes +~d ~ th~ ~va?1 s~id MORTGAGORS sh+ll for uy? ~tason f~il to k~p tM s+id pnrniu~ io insured, a fall lo deliver promptly ~r?y of s+id polici~s of inwnno~ ro s+id MORTGAGEE, a f~il prompty b p+Y ~vlly any premiwn tt~er~fa w in any r.sp.a f•il a p..focn~, d~sch+r~.. ~a~cut~. ~HM. compNt~. comply with ~d ~bid~ bY this cov~^+N, w ~ny piN Mnof. said MORTGAGEE may p•+c~ and WY tw weh teawantt a~ny part tMrsof witlaut waNinp o~ ~ff~etGg +ep oPt~on. ~Mn. ~4v~tY, w tipM urda a by vinw of ~his M~xIQ+p~. and tM full ~o~+nt of Nd~ and ~wry sud~ WYenMt sh+ll b~ imr~di~tely due and p~yabb ~nd sMll bsar intKest ftom tM dat~ therwf w?til paid at tM r~b oi nin~ pN antwn p~? aMUm uid topether with such ints~est ah~ll b~ sscurtd by tM Iwn of this mwtp+p~. ~ 1. To p~nit, aam~it or wff~. no wut~, lmpakment or detKiaatioe~ of wid propMty or any put fhs?wf• i S. To p~y ~It and sinpulsr th~.ooats, charpes +nd expenses. includinp a rsaionable ~ttwe~y'a fe~ u~d cosb of absnac~s of titl~. incvned or p+id at ~ny tkn~ by aaid MORTGAGEE, beuvs~ or M~ th~ ~vsnt of ths failw~ on tiw p+rt of tM s+id h10RTGAGOR b duly, promptly ~+~d fully pKiwm, dacM.y~ ~xecvt~. ~ff~d. oomPk~. ~Pb With u+d abid~ by tsch a~+d every the stipul+tiaw +Oresn+ems. c+ooditiont. ~nd oownan~s of aid p?anissory ~wte ~nd thii mo.ryap~ ~ny or ~i~F~. and ~aid coita, d~upes ~nd ~xparres, ssch and every. slwll b~ tenmediately dw and p~yabb: wherher w not tM.~ M naiai ds msed, atqenpt w ooilect w wit q.dirg: and the fvll xr~o~t of esch ~nd werY wd? P+Yma+t ~11 be~r intenit f~am t!w d~te thsreof until paid ~t the rare of nie?~ pa aentvm par arawm: and ~II wid obsrs, chuge~ and exp~na~s i~cwred a paid. to~ther with wch intsrat, shill be s~cvr~d by tM ii~n of thi~ ~ s. TMt in the ~wnt of ~ny bre~ch of this Mortpay~ or d~fsolt on tl+~ pah of tl+~ MORTGAGOR, a(b) io tM ~wnt sny of aid swe~s of moeey herein r~f~rr~d to b~ not promptly ~nd fully psid within thirty (30) days ~ext after tF+e san+e severally becane due ud pay+bb. withovt demand a notice. or M th~ ~wM each and ~wry tM sKpulations„ aprNm~nb. oonditions u~d cov~nants of sa3d promissory ~wt~ and tFds mort~pe any a either art rwl ivly, PranPry ar~d f~iy Ps.to.m.d, d~sch.~ped, executsd, ~ffected, completed, compli~d with and abided by, then in eithe~ or any such tvent th~ uid ap~ pra~,~h ~um mentia»d in said promissory not~ then temaininp unpaid. with interest acaued, and •11 mo~+eys wtured hsrsby, sh~ll bsc»m~ dw and p~y~ ! abl~ forthwith, or tlwnafter. at tM option of said NIt~RTGACaEE, u fully and compl~tey ~s if dl oi the wid wms of ma~sy we?s wginally at~pubted to b~ paid on wd~ daY, anythinp in ss7d Prom~ssorY not~ w in tha Mort~sg~ ro tM conn~ry nwwilhsqndiny; and therwpon or thereaher at tM option of ~ uid MORTGAGEE, witfio~rt rar'~n a dem~nd, wit at lawr or in puity, thersforo or N~ere+fter be9un, may be prosecuted u if all nnontys seair~d liueby ! nad matwad prar ro in instih?ran. i 7. Th~t ln f!~ went that at tM beginnirg of or ~t any tirn~ pending soy wit upoo this Mwtyage, or to fweclos~ it, o~ to refam h, a to enforo~ ~ paymant of u~y de'Kns he~eund~r. a+id MORTGACsEE sh~ll ~pply to the CouA havin9 b~isdiclan thereoi fa the appomtment of ~ Reteiver, such Couit shall fortliwith ~ppoint ~ nceiwr of ssid morty+ged property +11 a~d sirgulsr. indudug all ~nd singu~~r tM ie+come. profib, iss~es ~nd revenues fran whattve? ~ •ourc~ dKiwd, each and every of which, it bainp expressly undersrood, is herebY mortg+ged ss if ~p~c~iically ~et fath ~nd described in tM 9rantinp and ~ hsb~ndwn clav~s h~reof, and such Receiwr shsll have all the broad and efiectiw funct~a~s and powen in ~nywise entrwtad by a Coort ro ~ Receivsr, snd such ~ppointrrwnt sMll be m~de by wch Covrt as an admitted eqviry ~nd a m~tter of absolute ripht to s+id MORTGAGEE, and witlaut referena ro th~ adequscy a in~d~qwcy of th~ v~lw of th~ prbperty mwtgayed or to the wtvency w insotvency of sa~d MORTCaAGOR w tM defendants, u+d ?hst such renn, profits„ incane, iuues ~nd rew*wes sh+~~ b~ +PP~i~d by svch Receiver saordinp to ths liee or equ'~ty of said NWRTGAGEE and the practiu of such Court. 8. To duly, pro~~y .++d fo~y p..fo~,+~, discharye. execute, effect. cwnplete. comply with and abid~ by wch and every the stipulaYro~a, apreemenn, condRam and covenants in s~id promissory not~ and this mortp~ye set forth. 9. That in th~ went the ownenhip of the morf9+~ P~*~~• a+~Y P+n the?eof, becomet vaafed in a perwn otha th~n the M~ItTGAGOR. th~ MORT('iAGEE, iri wcceswr~ and +ssi~ns, m~y, without notice to the MORTGAOR, deal with such wcceua a suacssor in interest with reference to this monpap~ u~d the debt he?eby secured in fM sams manner as with Mwtgagw witfiout in a~y way vitiatirg or dixMrpieg the Mortpsgors' lisbility Mn- under a upon the debt hereby secwed. No sak of the premises hereby nw.tgayed and no iwbearence on 1M p+rt of the N10RTGAGEE or in tuccesaors w au'gia snd no ~xtensan of ti+e trne fw the payment of the aebt hereby secur~d qiwi+ by the MORTGAGEE a its sucpssors or assi9rr, .~hatl operate ro rdea~, discM~ye, ead'dY dwn~~ w ~ffect tM wigin~l Iisb~Gry of ~he MWtTGAGOR hsre~n, sither in whole w in put. 1Q. It ii specifics~ly ~graed tFwt time b of the esMnce of this contract ~nd tMt ra w~iva of a~ryr obli9ation herwoder w of the oblipation st curod FwFeby ah+tl at ~ny tim~ thatafler bs held to be ~ waiwr of tFw t~rma he~eof or of the iratrument sewred herby- 11. In additibn ro the fweqo:ng monthlY p~yments of princ:p~l sr~d inteisst required by` the promissory nors secured hercby,' mort~f~qor`~oi~n~nri and syrees to p+y to mort9agee with each monthlY paYment ~n addirio~al sum atimated by mortyapee to be eqwl to 1/12 oi tl~e ar~nual eosl oi ths folbw- ;~,g: , , j .t Z~Jt'iY A-All re~l properfy uxes kvied w assessed sgainst tlx above described real estate. ; . ~ B-Premiums on fire aad windstorm insw~nce as herein reqv~red to be urried on the improvemenb sitwte on the above deicr~d prankes. ; C-Pr~miuin on sucl~ mongsge ywr+nty inswance ss matgsgee shsll from t~ms to time deem fit to c+rry on the loan secui~~-~eby. ABo~tgagee sh~ll from time to time notify mortgagor ~n writ~rp of the smount due and p+yabk hereunJer ~nd such wm shall_~~.~ii•duq ind payable on the dve dste of the neat monthly paymem and each successive month thereafter until mortgagee sh~tl notify mortg~pw F~,w~.il~ wch amovM. S~xh wms shall be ~pplied by matgspee toward the payment of real property t~xs, inwrance prem:w~a, snd mort9a9e ywrsMy inw~urce 1 prcmiwffs. • • ~ IN WITNESS WHEREOF, the s+id MORTGAGOR hss herevmo set his hsnd u~d seal the day and r fint af esaid. ~ ~a ,~,a ~a ~ i,. of: INDIAN RI CHtTRCH, INC. By rt H. P r Prea de ~ ~ _ . Atte on B. e ge , e ntary - - - - - - - - - - - - - ~ ~ 1 _ ~ STATE OF FLORIDA COUNTY OF ST. LUCIE 1 HEREBY CERTIFY, That on thi day of Ju? ~ , A.D. 19_(y~, before me personally appeared Robert H. Pegram a~ Leon B. HePPelPinger respectively President and Secretary , of s~nTAN RIVER PRESBYTERTAIJ CHIIRCH~ INC_ a Flnridg Corporation, to me known to be the persons described in and who executed the foregoing instrument, and severally acknowledged the exe- cution thereof to be their free ad and deed as such officers for the uses and purposes therein mentioned; and ihat they ` ~ . i ~ affixed thereto the officia) seal of said corporotion, and the said instrument is the ad and deed of- s~jd:t~~iota~i6s~. ~ ~ . . WITNE55 my hand and official seal at Fon Pierce , said oeu and state, ~ ~ n r ~ _ ~ ~ ~ ~ i , Notary Public, in and fw State and C~nty.,~f@~e~idp ti'• = - ~ pNp RECORDED My ~mi ion piresNatup PubGc. St~M"':~! Flqrida at larq~.-' ~ , FILED gT,1..UC1E COUNTY. FLA. 1Y4y Commissan E:pires.l~oj~`;;: ,•;.~1~' ~ REC RD VERIFIE lo'~ w.a.a ~.».K.,, s.. a•c,s.~i„ ~e~ ..~.ut: . . ~ „ ,,5 ~ ~ ~1465'70 ~ ~ • ,.s ` nJ~~~? ,.,,,T ~~~~~c ' ~Q~. 0 R ~ '.r ~ ~ : - . ~ooK 149 3~ „ J . " " , ~ . r ~ ~ ~ y ; - ~ _ ~ r-~"="~ ,