HomeMy WebLinkAbout1410 ~ ~ - ' ~ ~ 15641.6
MURTGAG~ TO SECURE NU~E .
~ ~o~au?
~s ~coa~ss. maa. ems 19th _ a.~i oe ,_~y
6pr lda I.ee Sn
tr~el,l+ taidow nf Russell S~~iell
ct ~i • ~~'GE~ . ~iosWa. ~
to All•-~raft Industries. Inc.
• herefnaitee catled ~[at~a~ee:
Wl'I'id~i: m consideratlon at tbe p~inctpal sna4 sat out in We peomissae~ m~e at ev~a date h~e~ besdnattee
de~rlbed~ ud toe other valuable conaid~eratlons. the Maet~atoes d4 Lereb~ Raut. bar~ain. seII. allen. raenise. rele~ae. ooavq7
and canarm nnto Mortga~ee. its succ~esaa~s and aasi~as tocever. me tariowins descrl6ed paepe:t~. situate ~ St. Lucie
G~oudy Florida: . . , ,
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Lot Block "L" of Fee and I•;a 's Re-Su divisiori, according to Plat
thereof recorded in Plat~ Book 3~, Page 1~~, Public Records of St. I~ucie.
Cauntp, Florida, said lot lying in and comprising a part of the-North
~ of Governaent Lot 2 of Section 3.0, Totmship 35, South, Range 1~0 East.
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''~.'~.'1~A ~1'g 8n 8Dd S~q18r~ m! ~fs~ b!1'Ed~~IDE'DtS 8Od 8pQ~CnSIICE3 mCl'~1lIIZO 0~ ~R
appertaining and the reats. issues and proSb thercot. and also all b~ildings. atructurea and other improvementa ao~v~ oc here-
atter situate thereon.
TO HAYE AND TO HOLD ia fee aimple the abave granted and descrlbed P~ unto Ma~tBaBee. its aic~ocs and
assigos fotever. The Mortgagors hereby covenant with Mortga~ee tLat tbe~ are indefeaaib~y aeized o~ aaid land in fee simNe: that
the Mortgagora have lrill-Po~ a~ lavvWl rIght b ceove,~ the saaie in fee sianple as aforesaid: tba! it shall be la~viul toc Moz~ -
gagee. its suct~essoa~s at~d assi8ns. at 811 times Peacesb~l ~ T~e~7 ~~r uP~r ~I~9 ~~'7 seid land and erer~
part Wereoi: t6at said land ia iree trom all encumb~ancea: that the Ma~tgagoes vvill make ~uch lnrtber aasurances to periect
t!~ fee simNe title to said land in Moc'tBaSee. ib successo~s aad ass~a. as ma7 reamonab~y be required: and ffiat the Mort-
BeB~ ~ 1~'~7 ~lY Warsa~ t6e title to saW land and evesy part tbesea~ and wm defem the same a~sinst tLe ]awt~l cLims _
of all persoas whomaoever. ~
PROVIDID ALWAYS. tbat if tbe Mortgagoca shaII: (1) pay uabo ldoa'tBaB~ee that certain pcamtswcy note. ezccuted by tbem
~~~m, M Four thousand one hundred fort~ seven and 92/lOQ,,,~
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f (i~~~ ~w7.4? saW sum bein8 PayaWe in moath~j instaIImenb ot ~~~9- ea~6. the Srst insWlme~nt dne m
~ ~p._l,~th
aao ~.t July ,~BR~ ,ana an aaditionat ins~ment to be paw m~ 15t.h a~?
oi eacL succeedin8 month thereatter (or an the last da,y ot aqy+ succeeding monffi wLich has no such da,Y) umll aaid snm has been
paid in l1~II ezcepR the ~nal installment shaII be the b~lance due and (2) pesiocm all the covena~a a~ conditioas o[ said prom-
~ issory note a~ a~ renewal. eztenaim a~ modi8catioa mereo?. and o[ tbis mort~aBe, thea tbis mortgage deed and tbe estate ~
created hereb~ abaII cease aod be ~ill and v~ci~l.
I
The MostgaB~s fatther covenant and agcee to a~l with Mostgagee: ~ ~ ;
1. Zb Pa7 Pz'~i~ ~ P~~ and other sums ot mane7 PsYable M virtue oi said peomissa~ note and oi this ma~tgage.
2. To pay all t6e tazes. asaessmenb and encumbrances o2 evar~r natnre nuw m said described pmper~y. ar tbat hereatta~
maY be kvled or aaaessed tt~ereupon. when due and pa~able before tbq become delinq~enk and befole an~ interest attaches ar
aRY P~lb~ is incurred and pro~mptly f~rnish Mo~tBaBee with prooi oi pa,~rmen! tha+etae.
; 3. To plaee aod oontinaoua~Y 1ceeP, on the buildinga aav at hereatber situate on said 1a~. lire and e~ctended oo~vera~e ia-
su~ance in aa amount o! ~t less t6an the amount which ma~ Lrom time to time be spec~t8ed by tbe ~LartSaSee. in auch insur~
anae compaqy as may be aPP~ bY ~SaBa: P~. however. 4bat N Mortssy~ee sbaII at anpr time be ebliBated to ansin-
~ tain Hre and e:tended coverage insuran~ce o~ said bufl~din~ss. the Mort~agors abaD.~e escused ~a~ Pesla'naace a[ this ob11-
gatioa to ti~e a~teat ot an~.such duPlicate caverage. AII insuraace Pdicies a[ tLe Mort~a~oes shail oortairi the usual standard
moct~ee clause maldng We loss undee~ saW policies pea?able to Mo~tgagee as ib interest ma~ appea?~i ~~wa9 ~ P~7
tl~ereat ahari be promptl4y delivered b and held bY Mactpaee, ~o~et~er wifb a t+ecdpt ~or tbe pcemium
1d~i~~ ahall have ti~e right to a~st witb 1Le inataer an~ loss uudes an0" such PdiQ. and W auch a~stmmt
shari be conclusive on the Mart~a~ors. MortBegee shall have the rfgbt to receive and cdlect aII Proceeds Paid on a~ claim nnder
a~ such DoliccY..to enaone tLe Moctgagc~s' names to atp cLeclc or otber instrume~ d Da7soenk and to ap~ anch pcooeeds ~
in pa~?meat o[ a~ amount due uttder thla ~Se- and the note aec~n~ed ~ Rad aq~ e:peasa incurred b7 Mort~aYee ia
Pi'oce~sin~ a~q? claim under aio~ s~uh P~~7• 1~8a8~ ~ Pa7 to tbe liattga~oea ~e baLnce a~ the pe'oceeds. 1t at~?. rs~
maioin~ atter the ata~esaid deductioas. NotWna co~ained hereln shaII impaie~or abe+~ate me ri~t d the l[ort~a~oes b pe+o~
cure ins~ranix fo~m an a~mt oer d tLdr awn selectlon as pewfded ia t~t laa~sanoe L~rs a[ tbe state at FlaWa.
. 4. Zb q7 all and aingular tbe costs. cLu'6~ and espenses. 1ncludin~ re~imabls ~ttorne7's faes ii reterred tor oallee~lion tio
aa attotnr~ not a salaried emplo~ee ot the Mort~ee. and aost d abstrac~s at tit]~. incurred oe Daid at aiq time b~ ~[ae'f8asee
begause o~ the faWue oa tbe P~ d tbe l~[act~aEors to pettaem tLe oooditloas and oaaeaanb d saW pe~omiaar7 nde and K ffifs
mott~a~e• ' ~ ~ . :
S. To permi~ commit oc sutfer no waste. impiir~.vt d~et~~~aMah ~ said p'eP~J? a~ D~'t ~'~4 ~~P ~
maintain the same. includint a11 b~ildiogs now ae hereafte~ dtuate an ~a1d ptembes. fa t~d cmd[tbn aad repalr. a~ ~
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