HomeMy WebLinkAbout2212 s. To p4c~ and contiixwus~Y ?ceP oo ~ha bu~!dirtys now o~ I+e~~ahcr sirwe~ on ~aid Is++d s.~+d on sil ~qv~e~ ~nd p~non~lhr oo~sr~d by Mis matp~
ys. wiM ~II premiwns ~M.ton pa+d ~n fuil, tue inswanc~ in ~t+t uwal ~tuwud policy fonn, in • sum ~pprowd b1r 1M MORfGAGEE. and rrind~~aiw
~nwra~o~ in th~ us•wl tundard pW.p fwm, ~n ~ wm approved by tM !N04TGI1GEE, in ~ucb con+panY o~ oonW~^+~t a~ tl+~ /NORTGAGE~ rw+y
d~rKl; ~t1d aF1 ~Iff +nd wM1df10fnt iflturanCf p0lKitf Gn M1y Of f~id b11i1dinOL My infl/rit f~Mftifl 01 pifl tEMfWf. 11~ f~N ~l~aN itNh ~iOffN~'• 01
in excess ~hereof; sl?all contain ~he ususl uandard mw~9ege~ claus~ a sucA ahu dws~ u tht Mw~qap~~ rn+y rpu~n, ma?inp ~M Iw~ wdK said poli~
c;es, each and evety. payable a said MORTGAGEE as ~n inreresi n?ay ~ppear. and each and ~very sucA policy ~hall br pranptly aa:9ned u?d t aliwr~d w
any M!d by sa~d N~ORIGAGiE as fu~thcy security to sa~d mur~aqe dec~. and, rat kss tMn tM (10) days in advanu ol the ~ap~ration el ~ach polity. M d?
l~ver ro~id MORTGAGEf ~ rer.erral rhereof, toge~Mr wi~h a rece~pt for the prsmium of wch ~enewal; a~d thtr~ sMll b~ no f'v~ w winditwm i~swaoc~
plssed on any oi sa~d bu~Id~ngs, ~ny interest thcre~n or pan nc~r~of, unles~ ir? ~M fwm u:~1 wi~h iM loss payable u ~for~saidj and in tM ~v~nt any swn
of mone~ b~comes p+yaWe ~nde. wcA policy w pol;c~es sa~d MORTGAGEt ~hall haw tM epuon to reo~:w and ~pply rhs wenR on accoun~ of th~ ind~bted
nras secwed htreby w w penn+~ s+~d MORTGAGOAS to receiw u~d us~ it or any parl rAereof ior oti?er pwposes, wi~hout ~haeby waivu~g a N+.paK-
~nq any equ~ty, lien or cight wwr w by v3rrue oi thia mo::~ape: and in tAs ~ven1 said 1NORTG/!GORS ih+ll fo? ~ny teawn bil to keep the said p~ses so
;r,wred, or fail to deGvci prompNy any of sa~d polKtes of ms~rance ~o sa~d IV~ORTGAG[E, w f~ii proenptiy to pay Fully any premiwn thsnfw or ~ny
respec~ fail w pt~fwrn, d:schu9e, sxecute, efiect, comptete, camoly wieh u+d ab~d~ by this tovenant, a any part hsrwf, ~sid MORTGAGEE m~y plaae and ~
~ay fw such inwranct w~ny put thereof w~~hout w+ivinp or aifectinp any optioa, IiN1, putty. oI riQh~ ~ndK a by virtw of tl~is Mort~ s~+d tM
t~il amovnt of each and every such paymen+ sF?all be immediately dw and pry~bls and ~hall btu intaest fraa th~ dat~ thtroof w+til paid N tht ~att ol
:
n~ne per centum per ~nnum and to~attxr wieh such in~e~est shali br secured by the li~n of lhi~ mortflaq~. ~
1. To pamit, tomm~~ or auffer no waste, impa'ame~t w deterarafan of sa~d p~oixrry or any p~rt thereof. 3
5. To pay all ~nd singulu the costs, charges and expenses, ir+clvd~nQ a ressonabl~ ~trornry's fe~ and costs of ~bthactt of tid~, incwr~d or p~W
any t~me by said MORTGAGEE, becwse or i~ the erent of the failure on the put of th~ uid MORTGAGOR 1o duly. ~omptly ~+d fi?Ily perfpm, di~chup~
execuee, effed, compkte, c~xnply with and ab:de by each and every the stiaulatiora, agreements, corxl;tions. ~nd oowMnts ot said promissay nof~ and this
Torrgage any w either. and sa;d costs, charges ~nd e=penses, each and every, sMll b~ immediata~y dve ~nd psyabl~: wheth~r o~ npt tMr~ ka ~.otite ds
~,and. ancmp~ to co'lecf ~x wif pend~ng: and rhe tutl amo~nt of each u~d every urch p~yment shall beu iN~t~st fran tM dat~ th~r~of until paid ~t d+~
~,,re o! nine per ceotum per aiuium: and all satd costs, charges and ~:penses incwred or paid, logethu wi~h tuth inte~ab ahall b~ sswr~d br tl» li~n of thi~
mortgage. .
6. Th~t (s) in the event of any breach of this Nlortga~e or default on the pa~t of the MORIGAGOR, w(b) i~ fh~ w~n1 anY of ~id ~~ens of ma»y
h>rein referred to be rto! promptly and fully paid wirhin tlurty (30) days next aft~r the same severally bet~ due and pay+bl~, without d~m~nd o~ notic~,
or (c) in the event eacn and rvery she st~pu9a~~ons, aoreemenrs, c«,d~ri~s and corenann of u~d pranisso•y not~ and th~s narpx~ any o~ ~ithK an no1
i~ly, promptly and fu11y pertw~ned, dixharged. executed. eifeded. tompleted. tanplied with ~nd abided ~iy. then in ~ithM ot any suth ~wnt tM taid a~
g~ate sum memioned in said promissory note rhr~ re~naining unpaid, with interest atuued, and all mOneyf f~t~red. Mteby, ahall bKOnN dw a'~d p~y~
~t'e forthwitF~, c. t?KrNRH, at the eprion of saw' ASORTGAGEE, as fully ud complNe~y as if all of fhe ~aid s~was of_ monsy wtn or~pir?dly atipulat~d
ro be pa~d on such day, any~h~ng in sa;d p.omtssory ~ote w in ~his Mo.r9sge ro ~he confrary notwlrh~taed~n~; and tMrwpon o~ thK~afta a~ tM op~an of
s~;d MORTGAGEE, wirhout noe~ce o~ demand, wit at law or in equity, thcrefwe w tharsa(ter b~yvn, a?~y b~ prowcut~d a if ~II monsys s~cw~d htr~by
n>d matVred pnOt to ifs inslit~tion.
7. TMt in tl+e event ~Mt ~t ?he beginnirg of or at any time pending any wit upon this Mwtysg~, w to fohclo~e h, w to nfam It, or fo e~forp
,:ayment of a~y cla'rns haevnder, said MORTGAG;E shall apply to the Cou~t F+aving jwisdittion 1he~eoi for th~ appoiotm~nt of ~ R~ctiwr, suth CwM shall t
fc, ehwiih ~ppOint a rKlivN of saif! mortgaged property all snd sin9ut~r, includ~ng all and singulu the incort~, profit~, bfues antl rtwnues (rom whatwK
s~~rce derived. each aod every oF wh~ch, it be~ng cxpressly undcrstood, is he~eby mwtgaged u~f ape~~ficalty wt fath ~nd daeribed In the 9nnrinp ~nd
h3~endum clauses iKreof, ~nd s~cF? Receiver shall have all the broad snd effecKve funct:ons and povren i~ ~nyvvise enfrv~t~d by a Cowf fy ~ Repiw?, ~nd
s: ch appoi~tment shall be made by such Cour~ as an adrnittcd equity and a matter of a6~wtvte rigM ro s+id MORTGAGEF, and without e~f~raex~ to tM
edequacy a inadeqwcy of the value of the properry mwrgaged or to the sorver+cy w~nwlvency of said MORiGICGOR or tM defendanb, and tMt suth
re~+s, profits, income, iswes and reve~ues shall be applied by such Receive~ accwduiy to the lien w puity of ssid MORTGAGEE and th~ p~attip of such
Court.
:a .',,;7~, p:aTptty and fully perform, dixhsrge, e:ecute, effed, compk~e, comply with ~nd abide by ~ach ~nd ~very tlr tNpulations„ ~yr~nt~,
ccnditions and covenanb in sa~d promissory oote and this morigage ut fwth_ ' =y
9. That in the event the ownership of the mortgaged pemises. or any part thereof, becomes vest~d in • p~non other th~n th~ MORTGAGQR, tlM ~
~'ORTGAGEE, ib successors ~nd assgns, may, w~fhout norica to ~he MORTGAOR, deat with such sotussor p~utpsto~ in interest with ~efer~op fo 1Fw j
r~-ortgage and the debf hereby secured in the same manner as with Mwtgagw wi~hout in ai?y way vitiatKg or d~sth~r~ug tFN Mwtp~pors' li~bility htrt ~
:,~der or upon the debt F~ereby secured_ No sale of the Fremisea hereby matgaged and no tabearante on tM pa?t of tM MORTGAGEE or iri sutcessors #
or ass~gns and no exrensan of rhe time fa ~he payment of the deW hereby secured girm by the MORTGAGEE o+ its svcceuai or ~ss~n~, ~hs~t op~rat~
ro releau, d~xharge, modify change w affect the orginal liab~lity of the MORTGAGOR herein, either in wFale a in put. -
10. It is spec~iically agrecd that tinx is of the essence of this co~tract ar.d that no waiver of any obliyation Mreunder o. of tM obllpation sr
r~red hereby shall a~ any time :hereafter be he!d to be a waives of the terms hereof w of the instrurt~em secwed Mrby.
11. In add~tio:? to.the forego:ng momhly paymsnts of princ'pal and interest requ~red by tF?e promissory note secwed ixreby, morf~agw cov~nanb
;~::i agrees fo pay to mortgagee with each monthly yyr.~ent an sddniorul sum estimated by mortgagee ro be eqwl fo 1/12 of ths ~nnwl tosf of tM follow-
A-All reai properr~ taxes levied or assessed against thc above desuibd resl estate. . •
B-Pre~ni~ms o+~ fire and windstwm insurarce as here~n requ:red to be carricd on the unprov~rrkafs sitwt~ on fhs ~hove deWibld pr«sds~s.
C-Premiums on such mortgage guaranty inswar.ce as mo+tgagee shall from t~me ro time deem fit fo tury on t!u loan sKvfed h~r~~ ,
I Mortgagee shall irom t~me ro time noti?y mor~gagor in writing af the amount due and pay~bk hereunder and tuch_ wrmlh~ t~i~ra~~sR~~klu~'ind
:~yable or~ the due date cf the next month:y payment and each successive month thereafter ur.til mortg~gee sFull oofify ~Qartga$d? o9~[N~~~~ in such
~.o:,nr_ Such sums sF.all tx applGed by mwtgagee toward fhe payment of reat property taaes, inwrante prem:ums, ~nd~ mo?t~sps P irl~ut~rK1
r•emi~mt. _ ° : J -
IN SS R the ssid IN7RTGAGOR has F+~reunto xt his hand and xal the day and year first aforwid; t~ ~~T = ~
liv ed in the preser~ce of: ' ;
H A Yi als='`I ~ '
~ ``""A dent
- By• _
~ Treas,
Attest: " _ `
- - / - - - . _ _ , i
STATE OF FLORIDA COUNTY OF ST. UICIE ~
I HEREBY CERTIFY, That on this ~ dth day of December , A.D. i9 66 ,
before me personally appeared John P. Hoke a~ Fred F. Adama
respectively Presid~nt and Secretary -`I'Y'easurer , of
S~ T.i~r_i A , a Florida Corporation, to me
~ known to be the persons desaibed in and who executed ihe foregoing instrument, and severally acknowledged the exe
~ cution thereof to be their free act end deed as such offioers for the uses and purposes therein mentior~l1a~.~,at~they
~ affixed thereto the official seal of said cwporation, and the said instrument is the act and deed of ~'aaul' oorpotation.~!
~ WITNESS my hand and official seal at Fort Pierce , said county a statet 1~ n
~ ~ ~ V ~
~ RE~~R~ E[) Notary Public, in and for State and Co~bty ~,foresai~l. i
~ fILEO A~lO ,~VNTY. f!-p'• My Commission Expi~es:~c;:r~r Pu~... .i~i.:~.~.~A?x'~,~ -
ST• ~'v~n D`~ =R1~lE~ My Caamission Exp~es Noa. 391~" /q~
~ r. Lud~d !I Awr~ca~ Fn 6 C+swlhr Coi ~ 3/ G/
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' 600K 161 PAGE " ~j
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