HomeMy WebLinkAbout2450 3. To plap and continuouily kcep on tM buitdinps now or M~~+fta sit~sN on said tw~d ~nd on ~II ~quipn»M Mid pNSa»I~Y acwnd bY ~~~P 't
sge, with ail pnmivaa therwn p~id in full, lire insuranc~ in ths ~swl ~~a~dard policy form. in • swn +ppror~d bp tAt MORTGAGEE. +^d wM~~^~ ~
insura~ot in ~M ~nwl ita~dard po~~cy (am, in a sum app~ovad by th~ MORTGAGEE. M such canp~ny or oanP+nia a th~ MORTCsAf'+fE ~Y ;
di~Ktj ~nd all iir~ u+d windsrorm inwa~ce polidei on ~ny of s+id build~s, ~ny tnMnst thKein w Fwt tMrwf, in tM p~p+t~ wm ~faNaW a ~
in ~xcws tF~wf, sMll contai~ tM vtwl s~andud mor~g:ge~ ciavs~ a iuch otha dwN +t_ IM Mwt9+pN m~y nq~v~. m+kMg tM Iw~ wd~ ~+~d V~ 1
cies, eatA ~nd ~w~y. paYabl~ w iaid MORTGAGEE as its i~terest may ~ppe~r. u~d saeh u~d ~vKy suth polity ~MII b~ prwnptly ass:9eNd and d~liwnd W
•ny held by said MORTGAGEE as funhe~ iecuriry ro s+~d mor~g~ge debt, and, not I~ss than t~n (10) days in ~dvsne~ of tM ~xpfwtion ot ~ach po~icY. fo d~
I~~er to s+id MORTGAGEE • ~Mew~l thereof, tope~Mr with a receipt for the pr~niwn of wth r~new~lj and tMn ~h+ll b~ no f'u~ o~ windstorm kawu~c~
placcd on aoy of taid buildinps, any intaes~ thersin or part tF+ereof, ~~nleu in tlr fo?m ud wi~h tM loss p~r~bl~ as ~tw~s+ldr +~d M~ ~~w^t ~ny sum
of mon~y b~cwn~t p~yable undN wch policy o. policies said MORTGAGEE shall h~w tM optio~ ro naiw ~nd apply tM ~ on +aowd of tM M~d~bt~d'
neis sacured I+K~by w w pe.mi~ said MORTGAGORS ro receive and us~ h a any pa.t thereof fw otl~ pwposes. without tMreby waivinp w impain
irsg any pviry, lien or ri9ht ~nde~ or by virtus of this mortga~e; and in tM ~veeu s+id MORTGAGORS sMll fa any n~son fail 1o ke~p tM a~d Pr~'^ises a
insu.ed, or f~il b deliver p~omptly ~ny of said polities of insur~nc~ ro said MORTGAGEE. or fail promptly M p~Y fi+~~Y +~Y P~~~+^~ thK~for a in aehl
respect fail b perfwm, discharye, execvte. eftect. compbts. comply with ~nd abid~ by th:~ aovsnant, a ~ny P+rt M~wf, uid MORTGAGEE ~^+y P~~ a^d
pav fw such inswanc~ a ~ny put thereof wi~hout w~ivireQ or affectinp any opYwn, IiM, puity, w rght und~r or by vlrtw of thls Mortpp~. and :l+e
full amovnt of aach ~nd every such payment ihal~ be immediately dw ~nd p~y+bls and sMll bear iM~rsst from tIN d~t~ th~rwf until p~id ~t tM r~t~ of
nfne per oemum pa anr~um and together with such interest shall be secured by tM lie~ of this mat9ag~•
1. To ~mit, commit or suffer no wa~te. impai~ment o~ deterioratan of said propsrty o~ +ny put tMr~of. '
~
S. To pay all and sinpulsr tM cosb. chuges +nd expenses, in~Judinp • reawn~bl~ HtorneY's h+ and aosf~ of ab~lrac~ of titl~. Yrcurt~d a pdd at
any time by wid MORTGAGfE, because or in the event of the failu~e on tM p+rt of tM asid INORTGAGOR w duh?. p?omPthl +^d fi+~~l/ P~a'ti ~
execute, effetl, tomplete, oomply with and ab:de by each and every the stip~rlations„ a9reemenri. tonditioro, and aoweantf of fa9d pranlsswy not~ ~nd tha
rnor~gaye ~ny or eitF~v, and said costs, charges and expenses, cach and every, shatl b~ immediately dw snd pay+bl~t wM1hN or not tMr~ b~ notiq d~
mand, anempt to colkct a svit pending; and the full amoum of each and every such p~yment shall bes~ intKat from th~ d~t~ tMreof vndl paid at t1N '
~a~e of nine per centum per arnwm; and atl said costs. charges and expenses incvrnd or p+id. fop~ther with such MMtMt. ~11 b~ aKw~d by th~ li~n of 1hi~ k
mOrt~i~f. ~ _ _ ~
b. That (s) in the event of any breach of this Mortgay~ w default on tM parf of tM MORTGAGOR, w(b) in th~ ~wnf anY of ~a'd surtn of ^an~y
herein referred to be not promptly and fully paid within thirty (30) days r+eat after the ssme severalty b~tomt dw and payaW~, without d~rnand or noTiq. ~
or (c) in the event each +nd every the itipulat~a+s. agreemenn, condltions and cove~+nts of sa~d promissory not~ and tAi~ mortpap~ +oY w NtMr ~n no1
i~ty, ~wnptly ~~d fully perfwmed, d~scharged, executed, effected. completed: complied with and abided 1>y. tMn M ~itMr or arW wch wM~ th~ ++id ~
gregate wm mentioned in ssid promiuay note tF+en remaining unpaid. with interesl acvwd, ~nd all moetys Ntund. Mt~br, shall b~oom~ dw ~nd p~y~
abie fw~hwith, Of tAlfNFtN. ~t tMe option of said MORTGAGEE, ~s fully and canpletely +s Ii all of tM ssid wms of mawy vwn apinally ~tipulat~d ~
to be paid on s~cl+ day, anything i~ said promissory note or in lhis Mortyage fo the contnry nofwithstandinp; snd tMrwpon a tMr~aftK at ~M op~~a+ of ~
said MORTGAGEE, without norice w demand, suit at law or in equity, therelore or thsreaft~r b~~A, ~r M proNCW~d q if all rt~oMyt NOU?~d h~?~bY +
had matwed prar to its irutitution. ~
7. TMt in the event that at the beginning of or at any time pe:xli~g ~ny wit upon this Mort~+p~, ot to lp~edoN N, oI to hfOnn lf, q to Mfotq
Payment of any claims Fxreunder, s+id MORTGAGEE shatl apply to Ihe Court having jwiadlction th~nof iw t!w ~ppaetm~nt of ~ R~iwr, w~th Court shdl
forrhwith sppoint a receiver of sai~ mwtgaged property alt and singutu, incl~d~ng all and iingul+r fl+~ inoo~n~ profits, iaswa ~nd t~wnwt from wh~f~vN
ac~rce derived, each and every o~ whKh, it be~ng expressly understood, is hercby mortgiged ~s if apetifiully ~tt forth and d~wib~d In fhi prantinp and
habendum clauses hereof, and wch Receiver shall have +II the broad and effettive funct~ons u?d powen iri anywiw entru~t~d by ~ Coun q~ R~aiva, and
ch appointment shall be made by such Court as sn admitted equiy snd a matta of absdute rght fo wid MORTG/1GEE, and w~thoul nf~f~nq to th~
adequaq or i+»dequacy of the value of the p~ope~ty mortgaged w fo the wNency a insolvency Of s~id MORIGAGOR Ot 1M d~f~nd~nri, and thd such ~
.e~rs, profits, income, issues and revenues shall be applied by such Receiver accord~np ~o ~M ~i~n or puity of aid MORTGAGEE and ~M p?actia of such
Court.
8. To duly, promptty and fully perfwm, diuha.ge, execute, eifect, compkte, comply with ud abide by wch and w+ry th~ ttlpu~+tiaa, p?~eMS.
condit+oru and cove~ants in said promissory note ar+d this mortgage set fwth. ' •
9. That in the event the ownenhip of the matgsped prem7ses. or any psrt thereof, becomes wshd in a perwn othK tlwn th~ MORTGACsOR, th~
MORTGAGEE, its wccesson snd suigns, may, without norice to the MORTGAOR, deal with tuch sutusw~ a N+oqstoc in iM~ts~t with nf~tM~ to th4
mor+gage and the debt hereby secured i~ the same manner ss with Mortgsg.x without in ~ny way vitiatinp w d'atharpinp fh~ Mort~apOr~' ti~bi~ifY Mn'
urder a upon the debt hereby secured. No sale of ~he premixs hereby mortg+ged a~d no fab~anno~ on th~ p~rt of tM MORTGAGEE w(n woonwn
or assigns and no extension of the time iw the payment of the debt hereby secured yiwn bp tM MORiGAGEE or iri succ~sfon or atigro ~~I op~?+f~
ro release, discharge, modify change or affect the orginal liability of the MORTGAGOR herein, either in whole w In p~rt.
10. It is specificalty agreed that time ia of the euence of this contrsct -and tMt no w~iwr of ~ny obl'~pation Mr~w?der or of fh~ oblipati0n ~
cured hereby sMll at any time thereafter be held to be a waiver of the ferms hereof or of th~ instrument secur~d h~rby.
11. In additio~ to the fxego:ng monthly payments of princ'pal and interest required by the ptOmisaoty tWte iKUred ifsreby, mOrtppOr t+OV~MM~
and agrees to pay to mortgagec with each monthly payrnem an addiiwnal sum estimated by mwtgayte to b~ eqwl M 1~12 of fh~ anrklal Cost of,~11~~~Ow'
ir.g: t\~~•~~~~~ .
A-All real property taxes levied w assessed against the abwe desv~4ed real estate. l~~';%,~
B-Premiums on fire and windstorm insurance as herein rcyu~red to be carried on the improverntnH situaT~ on fM ~bove ds~ i~* *e ,
r .e -
i4 C-Premivms on such mortgage 9wranty insurance as mortgagee shsll from time to time deem fit f0 urry on fh~ lOan slCUtld ~:~s _ o~: j
` Mortgagee shafl from time to time notify mortgagor in writing of the amount due and psyable h~reuntlsr and suth wm shall ~W : _
~ Fayable on the due date of the next monthly payment and each successive month thereaher unti) maf9sye~ tlNl) notify mortga~Dr;D~~~~,~F~~ , -
a~~,o~m. Such wms shall be applied by mortgagee toward the payment of resl property taxes, inswa~xe prem:wns, ~nd mOrtpiD~3~'~~~ kwl~
premium3. ' ' ~ ~~I
~ ~1~~~ ~
IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and s~al tM day u~d yNr finf ~for~id. . .°i. ~ti.O~J~Q~.~ -
~ned. ~led and dsliv `in presence of: - ~~~~i:~,,~(~ ~ ~ -
~ B : k, ~jnt
_ Y
, Attest: ' rY
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STATE OF FLORIDA ~ COUNTY OF ST. LUCIE
I HEREBY CERTIFY, That on this ~9 ~ day of ~~gt l , A.D. 1967 ,
before me personally appeared Edmund M. Radke a~ Doris M. Radke
respectively President and Seuetary , of ~
Edmar, Inc. , a Florida Corporation, to me
.
known to be the persons described in and who execvted the foregoing instrument, and severalty acknow,ledyet~ tR~jE~e-~-
- cution thereof to be their free att and deed as such offioers for the uses and purposes therein mentioned;~ind`thai ~i~ey~,~~ *
affixed thereto the official seal of said a~rporation, and ihe said instrument is the act and deed of satid eoraol~ '
: . ' -
: G ~ ' t' = :
YJITNESS my hand and official sesl at Fort Pierce , said oounty nd state. y~ .
~ O t2
,
FILEO AND REC , Notary Public, in and for State and County_afqre?sic#j ~
ST. I.UCiE COUNTY~~• My Commission Expirq~o~ p~, SUte of Ratlda i~'~'~~•-~
RECd~fRD VERiFIEO ~y Co~,,,us:;a, E,~res No.. 3; 1969 9
~-~~~CV~~~%~^"""- {o.d~d ~r ~^~•s fr• i Css.+ks Ce.
-'61l AUG 2 I AM 9: 52
~ l.59~5
ROGER POITRAS
CLERK CIRCUIT COURT
A ~ ' a~K 16'7 ~~~2450 ~F ~ ~ .
_ - .Y
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