HomeMy WebLinkAbout0575 t te piac~ a~d mnf~nuouaf~ ks~p at th~ bu'wii~ps noar Or I~Mtsf~a aMSM on cai~ I~d and oti ~1 equiprrMf ~nd y~rsa~sUy ovru~o oy w+o ~o.~
hl+. W pne+iueMS rAdnon pa.d in full t~n t++wrux~ ~n ttw uawi ua~~ud pc+i~cll fwn+. in • w~+ a~xo.vd by tM NW~IGAGfE. and ww~ds+«~w ~
~+sw«~a In. M~ vwal um+d~rd pW:cy forne, in • wm app.owd by ~M ~K~RIGAGEk, in ~vd~ ca~.vny w cow~pan:a ~s ~ 1NORT6AGfE n.+y
dtrscr: ~ sft firr a1d w+ndtwra, irawanoe p~i;r;.rs a? any o( s~;d 6ulld:r~p~, ~nr b?~was~ thcein ar put ~ha-wf, ie tM ap~.pa~ ~ww ~laawid ar
k+ •:aM ~Iwrwf. ~hW conr~in ~Iw vswl s~~nda~d ma~gagN daus~ w wd+ aMr clauw ~s tr,~ Morr9+~ m+r ~~W;r~. nwlu^Y Ma tw~ w+da sad poiF
c-as, ~ad~ ~nd ~v~r~. WY~bN eo wid M~ORTGAGEE ~t i» in~eresr m~Y +iW~ar. and avd~ ~nd eve.y s.rh polrcY sh~U b~ P~~P~~Y au:~d ~.d dtGwrd ~e ~
«ir h~ld b~r wid MORTGAGEE ~s fuMh~r ~cwiry ~o sa;d enor~g+~ deW. and~ ~+ot I~as tMn ~M (10) d~ys in advina of tM ~xpwtion oi ~ad? poticy. b dr ~
I~v~. b~ qlpqTGAGEE • nn~wal tlwiwf, wpetlw wiih ~.ec~ for tM pr~miww of wch rsn~wal~ sr?d tM~r sl~rtt 0~ no t~n or windtiae+ inwru~o~
p'+a~d on any of said E~ildinp~„ ~np inNrest 1Mr~in w pu~ cMK~of, unless i~ tlK form and wiih t1K loss payable u afor+uFd: u~d in th~ ~vsm.~+y w~e i
of erwn~y b~canN payabl~ w~d~r ~ucA poliey or po6cia said MORi3AGfE tMU Aaw ~M optian to reaiw and ~pptp rln wrK on accow~~ ot M+t indebtd- j
neu s~ud hw~by a b pw~mit s~id NSpRTGaGORS a«caw and.v~e N a~++y pa~ ~h~reof fw orher purposea, wi~hout tl+xao~ waivinp a~np+ir- -
~^o +~+r ~h. li~n a ri~Fa widN w by vir~w of !hi~ nwrt~a~: ~nd ;n ~M ~vsnr s~;d 1MORTGAGORS shall ia anr n+son fai! a ~eep ~M said prwn~ses w
insu~~d„ a f+p b dNivK Prw~W~l? ~nY of taid po~icNS of inwr+nc~ ro said N40RTGAGfE. or b~~ ao~dy w Pay tviM any pr~mi:~m tlw~~for a h? any
r~ap~a f~FJ b paformr dixhar~. sxecut~, ~ff~c4 compl~t~. comply with ~nd ab+d~ by this covM+n+. a anY Wr1 hawf, said MORZGAGEE may pl+ce ~~d
P+y fa wd~ in~we?a ot anY P+A tMrtof witlaw w~hrinp w atF~ctinp +^Y aPNOn. ~i~n. - puiry. a ryht under or M virtu~ oi ti~is Mort~p~ and the `
f~ll .nww~ of e.ch .nd .wry wcA paYm.ra aMl1 b. ~nedwrNy dw and p.y+bb a++d ah~u b.+. ~nt~n~ ha,n +M w» tha.wf w+~il paid at th~ ~a» d ~
n~~» P~ oauwn pK aivwm ar~d topNher with such intsresr sha11 b~ sacwsd by th~_IiM? of this mor~ya~e.
To PK~b aam~i~ or wfi~r no wasN. in?Wi~mem a detsriwatan of said propKty or ~ny pwt the~aof. .
3. To pnr ~II ~nd sinpul~r tM cos!+. chupes ~nd bapen~e;, ioclufiinp a nasonable ~ttomey's fe~ and costs oi ~baa~cts of Htt~. Ncur.~d or paid st
,ny timt by ~aid MpqTG,AGEI,e b~ewk ev in NN R„~nt of tM failwe on ti~ put of tl+~ said MORTGAGOR to d,,y. p.c+mpNy ~rid fv11y pe.forny diseh+r~
u«ut~. ~Hed. oomP~~t, eomplY vrith and ~b~ by rxh u~d every tM it~pula?ioe?s. +9rea++e.+fs. cond~tio~s. u~d cownants of said p~omiuory noq ~nd ~his
mary+p~ MY or ~i~lwr. ~fltl i~id OOa4. CAif~N fltpt9fti, NtA if~ fMtly, tMl) bf I~M~fliiffly dW AM~ piy~blM w1~tM. or not rher~ b~ naiu dr
mand. Nhmpt q ooltaet ot wp pN~egt ud tM f~ll anwuet of each u~d w~ry wch psymerU shall bear inttrKt froen tM d~ro tMreof vaN1 p~id ~t tht
raf• of ~ pK p~~ pp ~,~u ~nd all s+id oasts. cF?aryes and exp~ases ini~rred or p~id. togstt+K wi~h wch intensy ~Aall b~ secvr~d br tlx lun a.' i1W
^w?ty+pR
6- Tl++t in the ~wm oE ~ny b?~ach of tFw Atatg~e w d~fault on t;,e psrt of the MORTGAGOR, a(b) in tM ~vsm any of sad wms of mon~r ~
her~Li nf~d ro b~ not pranpty and (v!y p~id withi~ thiny (30) d~ys next after tM saan~ seve~al:y bacome du~ and payabl~. witlaut demt~.d or tatitt
w(~ tn elw ~w+n ~ad~ and ~wry tA~ sti~putat;aen, ~gr~eemenb, ca+di:ions ud coven~na of ~a7d promisso~y not~ and th~s mort~pe a~y or ~itMr a?~ no~
iuly, prontptly ind fully p~form~d, d;scF~arped, exccutsd, ~ffected, compl~ted, complied wirh and sbided ~
Q.pst~ swn nwntarwd tn s+~ld promiswry eaM tlwn ren+aini bY. tlwn h eaths~ w s~+y sud~ wMt tM s+id ap~ ~
~p unp+id, with i,~re.est acvued, and all ma~eys s~cvnd her~by, s1+aI1 b~com~ ~ and pay~
abl• fwthwit4, o~ thar~aftp, ~t tM option of aid MCRTGAGEE, ss fvlly and completey as ii a11 of the wid svms of money vwr~ orqinaiy sr~putsted 1
!o b~ paid on wd~ daY, anYthLg ie said p.omiuary note a M+ this MortyaQe ta th~ conrrary norwirhsundi~g: and ther~vpa~ or M~ereahar ~t th~ oprion of
i.~d INORTGAGEE. withow notia or J~nd, wit ~t law o~ in aquity. therefore or tMrtsfisr be9~n. +nay be proMCU:ad as if all moneys s~tw~d ha~by
n.i! ma~w.d pNO. w its snarinn~on. ~
7. Th~t in tM evMt ~hst at tM beginninp of w a~ any tims pe~l'inp sey a~rit upon dus Mwtyap~, w to fortclof~ h, or a refonn N. a to ~nforq ~
Wrn+~t of a.~r dalms Mrs~sl~
,~;d MpRTGA~;EE shall apply a the Coun Mving jwisdKian ihcr~of tor ~M appointmant of a R~uiver, wch Court sMll ;
f«thwhh ~p~~oint ~ nceiw~ pf sa~ mortpayed prope„y ali ud si~gutu, incl~du~ all and singul~r the incon~. profits, issws and ~ewnues from wiWqvsr
vs
wurce d~riv~ each ~nd ~v~ry „rh;ch, if 4ei~g expreuly ur~dersrood. i~ herrby mortgaged u;f ~pec;fic~tly ~et fwth and describ~d N the ~rantinp and
hsb~ndwn cla~s hereof, and wch Receiver slwll Mw all the b~oad and effective fv~+cnons and powers in apywise te~trusted py ~ Co~n tp a Receiva, and
•uch appointm~nt aFNll b~ m~ti~ by wch Cowt ~s ~n sdmitted equit~ ~nd s matte~ of absotute- rght ro ~aid 1M1 RTC~GEE, ~nd wethovt reference to t!»
adaqu~cy or Mwd~quaqr of tlr v~lw of the properry morry~ged or ro the so?vency w;nsolvc~cy of sa~d N~DRTS',AGOR or the defe~d+nn. and that wch
renrs, profit~ tncorm. istues and rh,enws ihap be ~ppl;ed by such Receiver +ccordinp to 1h~ (ien or equity of said MORTGAGEE and tM p.adia oi wch
Court. ~
8. To duly, pranptly and ivlly perfomy d'achar9e, execute, effect, oon,p~ets, oomply with snd abide by etch and ewry 1M stipulatio~a„ s~re~ta,
cond~rbns ~nd eoverwen in said promissory na~ and fhis morrgaye iet forth. ~
9. That tn tM awnt the owne.ship of the mor?gsyed premises, a aall P+~ thereof. beoomes vestad h a pe.wn other"tMn tM MORTGAGOR tl+~
MORT6AGFE, Ns ~vaes~as and su;prn, rnay, wiihow not;ce ro the MORTGAOR, deal with suth suct~ssor w~xc~ssor ie ~nterest with ~tfenno~ ro this ~
mort9ap~ and tM debt heteby setured in tM sarrK manner as with Mwtgsgw wi~hovf in ~ny way vit7atiny~ a d:uharying the Matya9ws' li~biliry h~rt
under a upon tM debt hereby kcured. Pio sate of the premises hereby rrartgaged and no fo.bearancs on the pan of the JNORTGAGEE w in waeuon ~
or auiqns and no extension of the time ior th~ payment of the debt hercby secvred y;van by the MORTGAGEE o~ in successors or ssspru til,all opvata
ro releat~, dixhar~e, mod;fy ~hu,p~ p affect the wig~nal IiabiGty of ths N?ORTGAGOR hae~n, eitf+er irt whola or in put.
10. It b speriPKatly apreed that time is of the essenca of tMs co•,trap sod tMt no wuver of u~y oblip~tan b~reunder or of tl» oblfpation s~.
cvred Mreby tha11 at any time there~her be held ro be a waiver of the terms hrreof ra of the instrument secwed hsrby_
11. tn addition to tM fwego:ng monthly p~Yme~ts of pri~x:p~l and ir~taest required oy ~he prom~ssory note secured F~eraby, mortpagor covsnanri
x
and agrees ro p.y ro morryagee w;N, exh monrhly p~ymenr ae addtiooal sum est~mated by mortgagee to be equal ro i~12 0" the amwl tast of ti~e fdlow-
ing:
A-Al1 real property tsxes kv~ed or usessed against the above describ_d resl esrate.
B-Prem7ums on fih and wird~torm inswarxe as heretn requ~red to be carried on the w++provements sit~ate oe tfie above dexribed premises.
C-Pr~miums on suc,fi mertgap~ 9wwnty insuru~ce as murtgagee shatl `rom t7me ro time deem fit ro carry on th~ Ioan iecvrsd he~eby. _ i~
N1or?yaps~ shall fran r~me ~o t;me na;{y mwrgsgw ir, writ:rg Gf il~e am«,m due and payable ?~~~.cu~dar and wch w-n :hal! t1~ t~, a~d ~
pay•ble on the due date of th~ next manthlY p~Yment and each successive month.thereaf~~r untiL mortgage~ shall nw~fy mortqa~t'o~{~ ~ t
amount. Such swns sMlf be ~pptied by rnorrgagee ?owud the paymertt of rtal property taxea, inw~anoe pr~.m:~nm, and rtiyrty~ ~~{J. • 1
premiums. Q,~ C^~.i: y;. - i
, IN WtTNESS WHEREOF. tM said MORtGAGOR has hereunto ~~hq~lisnd and se~l the day yeu Pust ~foressid. ~~.~,~rr. ~ v", ~
S~pned. lsd and e.~ in ~he presence of: C~8 q M OLN ENS ~ a= w~*i; ;
tJ ~ ~ ~ •
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- - - - - a~ Attest , - os . C rso Be~C - - -
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STATE OF f:: C ~ ST. Ll1C1E
C~/~ ~TR,y
~ ! HEREBY CERTIFY, That-on th~s ~ day o-f C~~,~~T ~er , A.D. 19
! before me personal~lcppeared ~~qela N. Branc's ,~v a~ Joseph F. Corso
zespectively .th~~ President and Seuetary of
LINCQLN GA~tDENS, INC. ~ a Florida Ccrpcration, to me
~Ja . -
kna~,n ia ~~~a persont d~cribed in and who executesd the foregoing instrument, and severally adcnowledged the ex~
.h: ~ ~t~~~ .ti~;t .
cutiQ++~~thdr~'1ov~~tj~k #t+i4 act and deed as such offioe~s for the uses and purposes there+n mentioned; and thaf they
~ ':~a' ~ r
affi~'th~~'b ttie•~i~iel seal of said oorporation, and the said instrument is the act and deed of said oorporation.
_ •Q ~~n _ t
1~V1Tf-V~3 ~ har~ aad c~fficisl seal at Fwt Pierae ^ S t. Luc i F-i da ~~id aoun nd state. ;
~
: ~ ~ = i
; ~a E j V . ~
Notary Public, ' and for State and County aforesaid. ~
r. My Commission Expi~es: tvatary PuhNc, ~tnia ef l9o~da st t.~ge
~ My Comm%ss~on Exp:r~s Aua. 6, 19E7.
eonded ~j? Am~n Swey! Qe. af'~. ~
3 dooX ~.J~ PIIGE e~ ~5 ' _ f
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