HomeMy WebLinkAbout2987 • j ' `t i
. ~
To pl~u wv! contLwously kep on IM build~nps now or hK~aftK wtu~t~ on taid la+d u+d on all puipnent and pason.s~ly cownd bY thif ^nat¢ !
p~,, with dl pr~miurta ~l+er~oe pa~d in iutl, tir~ insuranc~ in ~he ~swl sundud poticy forn~, ~n •~wn ~pprowd by tl» MORiGAGfE. N+d wirwbto*m ;
Inwr~nc~ in tM usual sunJa.J pol;ty fam, in a sum approv~d by tM MORTGAGEF; In svsh companV w aanP+n~~s ~s tir M?ORTGAGEE ~y }
dir~ctr ~nd all fk~ and winds*am inw~ano~ po~ic~ on any of s~~d avildfnp~, ~ny intKKt tAe~ein w pat tFw.wi. In tM app~p+t~ w~n ~fwtsaid a~ ~
In ~xuu thKwi, ~MII conuin tM uawl uandard m«tp~ d+us~ o~ such aher ciws~ a tM Morro+pe~ in+y r~quw~. nwtw+0 tM loss w~dN said po1F
dti„ ~ach u+d tvKY. Wy+bb ro iaid MORTGAGEE u its interett n+ay app~a~. and Nch and tvery wd? po~icl? ~had b~ PromWb ~u:pe~ed ~nd delivK~d ro
.ny h.W by aid MORTGAGEE u fwih.~ secw~b ro ~aid nwr~pap. d~W. and. ~w I~ss tMn tM (10) d+ri in advann of th~ expir~tan of ~ach policy, w dr
Uwr to sa;d MORTGAGEE • r~newal thereof, ~oq~~Fw~ wi~h a nwipt fcr the pnmivm o1 such ~eewwal; and ther~ sh~ll b~ no fa~ or winda~orm insw~nc~
pl~qd on ~ny of said buildu~gs. u~y inta~u IMrein or p+rl thKwf, unle~s in t1w fw~n'and wI~A ~h~ lou payabl~ ~s ~fwewidj and in tM ~wnt anr sum ~
of money bacom~s payabl~ unde~ wch policy a pdiciK ~+id MORTCsAGEE sMll haw ~M option to recaw w+d apply tM san» on ~coow~~ 01 ~M ind~bred~ f
nat s~cw~d ha~by w w peimil said MORTGACORS w reuiv~ and us~ it w any put ~Aereof fa onc~r pwposes, wi~hout ~haeb/ waiva~y or ~mpair- i
Inp sny puity. li~n a riph~ unda a by virtw of this morspsqe: and in tM ~vent s~~d MORTGAGORS sh~ll fw any nawn fail b ke+p th~ aid pra~ses w
irawed, w fail b deiive~ prompUy ~ny of said polKies of inswsnu ro sa~d MORTGJIGEE. w i~~l prompty ~o paY iulh any pemw~n thaefqr or in any ;
r~~ct fail b pNfam, d~schuge, e:ecvte ~ifect. caepl~t~. comply with ~nd abid~ by tlws covenaM, a any put herwf, s+id MORTGAGEE m+y ptx~ u+d t
WY fa such irouranu or ~ny put thereof without w~lvinp w ~ffedinp aey opt~on. IMn. pu~tY. w ~iqlu w+d~r or by vutw of this Morpsp~. and ~he
full amow?t of sxA ~nd wery sucA p+yment shatl b~ imnediately dw and pay+bb and sh+l1 bsu inter~st from tM dab thsreoi until p~id a1 ~M rah ol
e?in~ pK centwn pK ~nnum and to~Nher with sucA interest sMl! b~ secured by tM lin~of this lnort~spe.
1. To parmit, oonw~31 or s~ffer no w~stq impa'ament or deterioratan of said propatp or any part thenof.
S, To pay al~ snd w+gul~r ths.cvsts. chu~es u~d ~xpenses, includinp a res:onable ~ttorney's fa~ snd aosts of sbsh~cts of title. incw.ed w p+id st
~ny time by wid MORTGAGEE, bscavs! o~ in the ~v~nt of the failwe on ~M p~rt of tl+~ said MORiGAGOR to duty, promptly u~d fu11y pertor~n, d~xhargR
•xes~te. e(fed. oomplete. complY w~th u~d ab;de by esch ~nd every the stipulatic+u, agroements. cond~tiom„ u~d oov~nanb oi s~~d promissory nae and r!w
mor~~ ~+~y w eGiher. and said costs. ch+rpes snd eapernes, e~ch and every, sh~ll t» irrrnediately due u~d pay~We: whether a nw ther~ be nor~ci dr
mand, ~ttempt to _colkst a wit p~nd'ug: and rhe fvll ~nwwu of each and wery such paymen~ sh~ll bsa. imeres~ fran fhs da~~ thereoi unril pa~d af the
rate of nine per ccntum per annurn: and alI s+id c6sts, clwges ~nd eapenses ~ncwred a prid topstMr with such interqt, ahsll bs secwed bp th~ lien o1 t1w
b. Th~t in the event of any breach of this Mortyspe a def~ult on the part of the MOR?GAGOR, o~ (b) in the evenf any of s~id sums of money
herein refen~d ~o be not p~ompay and fuly psid wilAin thirty (30) days next after 1he same sevaally become dut and payable. without dern~nd o? notice.
or (c~ in tM ewnt exh ~?d every the itipulatio~„ sgreemenrs, cond~tions and coven~nts ol sa~d promiswry ~o~e ~nd th~s mortpapa any a s~~hs~ ar~ no1
~uly, pranptly ~nd fuily performed, d~scharged, eaecuted, effected. completed. compl~ed wieh and ~b~ded by. then in e;ther a ~ny such went t!w said ag
yras,~t~ sum mentia~ed in said prom~ssory note then ~emsining unpaid, wirh intaest scuued, and all moneys secured hereby. slWll become dw and paY
abt~ forthwith, a the?eafrer, at the option of sa~d MORTGAGEE, as ivly snd co.nple~ely as if all of ~he said sums of naney were or~g~na~y sr~pulned
to be pa~d on such day, anyth~ng in sald prom~uory note w io this Mwtgage to the centnry notwi~hstsnd~ng: a+d ~he.eupon o~ thereahe. a~ rM opran of
sa;d MORTGAGEE, without no~~ce w dem~nd, suit at lawr w in puity. tFINlIOfQ Of 1F1NNFtH be9un, msy be prosecvted u if all moneys secur~d hereby
had matured pr~or lo its i+ntitution.
7. Tha~ in the erent that st the beginning of or ~t any time pending aoy wit v~wn tha 1Nortgsge, w to foreclose it, a to reform it, o~ to ~nforc~
payment of ~ny claims hereunde~, said MORTGAGEE sMll apply ro the Court h+ving jurisdiction thereof ia ths appantment of s Receiver. svch Court aMll ;
Fwttiwith sppoint s receire~ of said mortgaged property all and singvlu. includ~~g all and s~rgu+u the incoms, pro(~ts, issues and revenues f~an wMtever `
wwce derived, each and every of whrch, it be~+g expressly unders~ood, is fiereby morrgaged as ~f spec~ficaly set iwth and descr~bed in the ~rantin~ and ~
Mbendwn cl~vses Mreof, and such Receive~ shall have ill the broad and effective functwns and powcrs in ~nywise entrus~ad by s Court eo s Receiver, ~nd ~
•uch sppointmem sF~all be made by wch Covrt u sn admitted eqvity and a matter of absotute right ro s+id MORTGA,~G~E . and wi~hout ~e(aence to ths (
~deq~acy or insdeqwcy of the value of the property mortg~ged or to the sWventy o~ inw~vency o( said MORTGAGOR or the defendants, and that s~ch ?
rents, profits, income, issues ard revenues sh~ll be applied by wch Receiver ~ccord~ng ~o the lien a eqvity of ssid MORiGAGEE uwJ the pwctic~ of wch ~
Co~?rt.
8. To duy, promptly and fully perform, dixharge, execvte, effed, complete, comply with ~nd ~bide by each ar~d every the stipulatio~s agreements, ~
conditiora a~d covenants in said promissory note and tlus mortgsge set forth.
9. That in fhe event the owne~:hip of the mortgsged premises, w sny part tt~reof, becomes vested in a person other than the MORTGAGOR, tM ~
MpRTGAGEE, in successo.s and assigns, may, witho~t no~ice to the MORTGAOR, dral wi~l~ such wccessor or successo. If1 M1fHK1 we~h reference to tha
mortga~e and the debt hereby secured in the ssrne manner +s wirh Mwtgagw w~thout in any way vit:ating or d~sthuping the Mortgagors' lisbiliry here-
under or ~pon the debt hcreby secwed. No sale of the ~vemises hercby mwtgaged ~nd no fwbeawnce on the p~rt of the MORTGAGEE w iri successors
o~ assgns snd no extension of the time fw the p+yma+t of ~he debt hereby secured given by the MORTCs~1GEE or its successws p suigns, shall operab
~o release, dixMrpe, modifr change w affed the wginal Iiab~I~y of the MORTGAGOR herein, either in whole w in part. •
10. It is spec~fiully sgreed thaT time is of the esscnce of this contract and th~t ra waiver of u~y obligstion hereunder or of the obliyation sr
a;red hereby sh~ll at any time thereafter be held fo be a waiver of the terms hereof a of the instrum~nt secvred herby. ~
_ - ~
11. In add~tion to tix fwego:ng monthly payments o~ prin~ p~l and interest requ~red by the promissory note secured here~P''wwrtgspQr coreA~ts t
- snd sgrees to pay ro mortgsgee with each momhly paymcnt ~n add~rionsl wm esr~mated by mortgsgee co be eqwl to i/12 of.the,~np~riafW thp`fdloii~; !
Ifl9: . . - . . ~ ~ ~ I . ~
. • ~•V ~
A-All real praperty taxes kvied w assessed agai~st tl+e above described reaI esqta y~ ~y': ~
8-Premiums on fire and windstorm irnurance as herein reqv:red to be carritd on the im(xovemenn situate on the sbove dfse~ibtd pr~mises. "
- -
C-Premiums o~ such mortgage gwrany insurarKe as mortgagee shatl from time to time deem fit to carry on the loansscerqd:hereby:'.- -
Mwtgagee sha~l From time to t~me ratify mwtgagor in writing of the amount due snd paysbk herevnder and wch sumihsit tl~ere~pon be;aue apd;
payable on the due date of the neat monthly payment and exh successive month the~eafter ur.til mortqagee shall notity nart~ jor, of _a't~t~k.lq ~~ycFt
amount. Such sums shall be spplied by mortgagee toward the paymem of real property taxes, insurance p~em:ums, and rtwrf ~srraQt~e i
premivms. 4~~4~~' 9~!~!~ ~ - •
IN WITNESS WHEREOf, the said MORTGAGOR has hereunro xt his hsnd a~d sesl the day and ye fin ~fweaaid.
Siyned, Seat ~ and d livered in th ~ p~e ce ot: , BRI T T
By C ~ ~
r . ose res
. ~
Attest ~
- MaYy e, ecretary
n-•D
- --i--- - - - - - - - - - -
STATE OF FLORIDA ~~COUNTY OF ST. LUCIE
I HEREBY CERTIFY, That on thi day of January , A.D. 19~~,
before me personally appeared Robert B. Rese a~ Mary Rose ;
respectively ~ President and 3TS Seuetary ,of4 ~
BRIARGATB CORPORATION , a Florida Corporation, to me {
~
known to be the persons described in and who executed the foregoir?g instrument, and severally acknowledged the. exe-
cusion thereof to be their free act and deed as such officers for the uses and purposes therein mentioned,;'•and~that ihey_
.
affixed thereto the official seal of said oorporation, and the said instrument is tF2e ad and deed of ~said oorporation: " }
~ • Lc~ci e~e I'~~r.ow- . - _ ~ - : ~
WITNESS my hand and official -seal at Fort Pierce , said nty e_ - - ~
~ ~ ~ -
. _ • i
~ ii_~i, ,~ND RECOPDFJQb ~ Public, in and for State and County aforesaid:' ~
This ins#~ument prep2;ed by ~ ~~U":T~. F' ission Expires: ~~-~~3 ~~~(i .
n~ VF~If':f_L - - .
First Federal Sav. & Loan Assn. ' 3r~ G~ ~ ~ V~.
of Fort Pierce `.~-~a~z.~`~ W 5 I~?1 C ar t- L U 1-~2 i U A
~ ~~R I
S
C O
L,` ~ J/
a I~ ~ 2 ~ 9. 5~ DOCUMENTAp" STAh1 P T
A;L M P T
A X~
r ~ ' ~ _ ~wir~e- = I 5 0 =
63448 8 2 5 0_ -
ai ~ cowPraouEa tt - _ ~ _
~ . ~ CA~ .
. - ~ ' _ P.6. ~o~~3s ~ F
LL~~i~: i::it;:Uii C:JUii~ _ ~
r ~ ~ B~x169 ~29b'8~ ~ ~