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HomeMy WebLinkAbout0357 To pl,~ct ~no continuouity kNp on IM buitdi~ now w ht~~aft~r sitwt~ on taid l~nd ~nd on ~II puipm~nt ~e~d p~non~lly cov~r~d by this mon¢ ~y~ with dl pr~miw~e~ thereon p~id in fu14 fin iruu~+~a in th~ uiwl ttu+dud policy fwm, ~n ~ fwn ~pprovtd by tF+~ MORTGAGEE, and winditan~ ~ iniwsna in ~h~ utwl ~tsndard poliq (orm, i~ ~ tum ~pprovd by tM MORTGAGEE; in s~ch comp~ny w tompanFes as tM MORTGAGEE niay dir~ctJ and all ik~ and windirona insuranc~ policies on sny of u~d b~?~w~r?ya, .ny ~or•.••> >r,K•~n o. P.n ~M..of, M th~ ~pyrp~~~ wm afa~~aid a } In ~xc~u ~Mr~of, ~hall contain tF~ uwal ~tandud mon~a~ ciause w such e+ha cl~ua as tM Ma~y+qN en~y ~puir~. ma4inp th~ bu unda uid poli~ ~ cie~. ~ach ~nd ~v~ry. paYabk w uid MORTGAGEE a~ it intae~t maY sppta?. ~nd each and ~wry tvcA policy sh~ll k» promptly +u:9~ed ~nd dttiv~~ed to any h~Id by iaid MORTGAGEE u fu~tMr setvrity to siid mort~~~ dsbt, and, ao1 ku than t~n (10) days in advante of tM expir~~ion of ~ach polity, to da I~v~~ ro wid MORTGAGEE a rMewal therwf, fope~iwr wi~h ~ receipt fo~ tAe pr~mi~en of suth renewalj ~nd thtr~ shall b~ +a fir~ w winditwm tnw~anc~ j placed on ~ny of ~aid buildin~s, ~ny interest tF?~~~io or pa~t therwf, vnl~ss in ~M fo.m'and whA tM bu payabl~ as afontaidt +nd in tM ~vt~t ~ny sum ; of nwn~Y becom~s p~Y~ble under ~~ch policy a policies s~id MORTGAGEE ihall Mw th~ opt~on ta ~eceiw ~nd apply tM sam~ on ~awnt oi the indebted- ~ nsu sen?~~d hNeby o~ w peimit Nid MORTGAGORS ?o tecsivs and uss it w ~ny pul lhereof fa other purposet, w~thout thereb/ waiviny or impai?- ~ inp ~ny puity. IiM a ryh~ unde? or by virtw of rhis morsyap~J and in tM event s~id MORTGAGORS sMll fa ~ery? r.awn f•il ro kesp ~M u~d prem~ses w j inw~ed, or f~il ro deliva promptly any of wid policiet oi in~unnc~ to said MORTG/IGEE, or fail promprly ro pay fully any prN„ium therefor or in ~ny ~ reapect f~il to perfain, dischuge, execvte, ~ff~ct, compMq, comply wirh ~nd ~bid~ by thu covenant, a ~ny p~?t hereof, said MORTGAGEE may pl~ce ansi pay fa tuch 4~wru~c~ o~ sny p~?t theroof without w+Nirg a ~ff~tti~p any option, li~n, pvity, w riQht unde~ or by vi~tw of rhis Mor~~ap~, ~nd tFie , fuN amovnt of each and ~wry wch paymenf shap b~ inxnediat~ly du~ and p~yabb and ihall besr inte«st from tM dat~ thsreot until pud M tM ~at~ ol nir» p~r ca+tum pN anrwm and together with such interest ih~ll b~ secured by the li~n of this morty~p~. To permit, oomn+it w suffe~ ~no ws~te, :~•~p+irment ot detMior~lion of said properfy or ~ny put flxreof, 5. To all ~nd si ' p~Y e+puls~ 1M ~c~ts, charpes u~d ~zpenses, ~+cludinp • re~sonable +ttorney's fee snd oosrs of abitracn of tiNe incw~ed or pa~d at sny time by said MORTGAGEE, b~caus? or in the ~wnt of tM failure on the pan of tM s~id MORTGAGOR to duly. promptly and fully periorm, diuharga execute. ~ffett. compkte. oomplY with and ab~de by ~sch u+d ev~ry tl+e stip~rlat~ons. ayreements caxli~ions, ~nd coverunn of uid promiuory nor~ ~nd ~hw mortyay~ any w ~ithtr, and sacd casrs, charqes and expsrye~. each and ~very, shall b~ immedi~tely dw ~nd payable: whethe? a eot thN~ be notice de~ • mand, ~ttempt to colkcf p wit p~ndi~g: ~nd the fvll ~nw~rM of sach snd every wch p~ymeM ~MII bea. interett from tM date thereof ~ntil paid ~t the ~ .ate of nirN per cenrwri per ~nnum; and s11 s+id cbsts, tiurgea and expenses incu?red w paid, toyether with suth inrer~s~. ahall b~ sstwed by th~ li~n of thw matQaps. 6. Th~1 j~ in the event of ae~y breach of this Mortgsye w defauh on ths part of ths MORTGAGOR, w(b) in the evcnt ~ny of sud wms of money herein refMred to be nol promptly snd fuly paid within thirfy (30) days next after ihe same sevtrally become dve aod payabM, witFavt dtmand or notice, or t~ in the ~vMt each and swry Il+e stipulations. ~greements, conditwr?s and toven~nq of s~~d pran'~sswy nofs aod tlus mortyape any a either a~e ~?a iuly, prompNy and f~lly performed. discharged. executed eifbcted. completed, complied with and abided ~iy. Ihen in either w ~ny i~c{~ ewnt tF» taid a¢ presat~ sum mentioned in said promiuory nofe then remair+irg unp~id, with intareat xuued, and all moneys aat~red hereby, shdl becane dw ~nd p~y- able fathwirh„ a theresfter, at the optioe? of said MQRTGAGEE. as fvlly and comple~ely as ii all of the said wms of money were wipin~lly N7pulated to be paid on sud+ dsy, a~ythirg in satd prom~uory ewte a in this Mortg~ge ro the contrary notwirhst~ndinp; a~d tF~erevpon o~ thereafte? at rhs opf~on of se;d N10RTGAGEE, without norKe a demand, wh at lawr or in equity, therefwe o~ thereaf~~r beyun, may be prosecuted as if all mu~eya secur~d haeby nad m~turad p.rot ro~n ins~~~u~ion, ~ 7. That in the event that at the beginning of or st any tims pendir+g soy wit upon this Mwtgsge, a to faeclose it, or ro rcform it, or to ertforc~ f payment of ~ny clsims hereunder, said MORTGAGEE shsll apply to the Coun I+aving jurisdiction ~hereof for the appo~ntment of a Receiver, such Couit shall fortFiwith appoint a receive~ of ssid mortgaged property s11 and singula?, includ~ng all and airgulsr the in<ome, profiti, issues and revenues from whatever. ' wurce derived. each ~nd every of wh~ch, ir bei~ expressly unde.a~ood, i~ F+ereby mon4age~ u if specifically se~ fath and dewibed in the ~ru?tinp ~nd habend~m clauses hereof, srni suth Receive~ sh~lt Mve +II the broad and effeaive functwns and powers in anywise entrusted by ~ Court to a Reteive~, and such appoi~tment shall be made by such Caxt ss an admitted eq~ity and s rn~tter ei absotute rYpht ro wid MORTGAGEf. and witlaut reference to tM sdequxy a insdeqwcy of the vslua of the properry me.~g~ged or to the sonrency or insolvencr of said MQRTGAGOR w the dcfendants, and ~hat such renrs, profin, mcotne, nsues and revenues shall be applied by such RKeive? ~ccordiny to the lian or equity of said Iy10RTGAGEE ~nd the pradice of suth Coun. 8. To duly, promptly and fully perform, diuharge, execute, effect, complete, tomply with and abids by each ~nd every the itip~rlations, agreemenq, conditiora snd covenants i~ said prom;ssory note snd th~a mortgage set fwth. . 9. That in the event the owner:hip of the mongsqed prem;ses, p any part thereof, becomes veited in ~ person olher th~n the MORTGAGOR, tM MORTGAGff, Fri succeuort and aui~ns, may, wifhout nofite to the MORTGAOR, deal with such suuessw or auccessor.io iMerest with refcrence to this mortqaye and the dcbt hercby secured in the same manner as with Mortgagw withovt in any way vitiating or d?stFiarging thc Mortyagwt' liability hsra under or upon tFe debf hereby secured. (Yo ssle of the premises hereby mortgaged and no fabearante on the pan o! ~he MORTGAGFE o~ its successors or assgns and no extensia? of the time for the psyment of the aebt hereby secured given by Ihe MORTGAGEE or iri successas w auigos, ?hal1 ope~ate to release, discharge, modify ch~nge or ~ffect the o~ginal lisbility of the MORiGAGOR herein, either in wFwle w in put. 10. It is specifically agreed tMf tEme is of the esunce of this contrad and tMt rw waiver of erty obligation hereunder a of ths obligation se- cwcd hereby sMll at any ti~ne tF?ereafter be held to be a waiver of the terms hereof w of the instrumeM secured herby. i 11. In add'Aion ro the fwego:ng monthly paymeNS of princ'pDl and inrcrest required by ihe promiuory note secured hereby, mortgagor coven nts ~ and sgrees to pay to mortgagee w;th each momhly payment an add~rional sum estimated by mwtgagee to be equal to t/)2 of the annual cosr of the follow- ing: A-All real property taaes lev~ad or assessed against the above described resl estate. B-Premiums on fire and windstorm insurance as herein requ~red to be ca?ried on the improvements sitvate•on the above described premisea. C-Premi~ms on such mortgage guaranty insurance as morigagee shatl from t~me to fime deem fit to ca~ry on the ban secured hereby. ~ Mwtgagee shaN from fime to t7me notify mortgagor ;n writ;ng of the amovnt due and payabk hereunder and such sum shall tF~erevpon be due and payabk on the due date of the next monthly payment and eath successive month thereafter urtil mortgagee shall notify mortgagor of a change in such amount. Such sums shall be applied by mortgagee toward the p~yment of real property qxes, inwrertce prem:ums, and mortyage guaisnty insurance premiums. IN WIt s~d MORTGAGOR has hereunto set his hand snd sea) the day- year fi't~~'~id~¦ p - ~ . St in he presence of: 1~L~i ~ ~~i~(,y_~~ j _ ~ ~ ~n _ . _ ~ 'r''? ah , t i ~ sNn s~.n As and constituting the ?rustees of Bethel Baptist ~ Church of Fort Pierce, Florida ~ FILED A~dO R~CORDED ~ ST. LUC?~ C~Ur.TY. FLA, # ~ yr •-~r. ~r:-~~:' I~ ' I STATE OF FLORIDA . .ts3'712 `''m~ ~ i courrrY oF sr. [.UCIE 'u8 Z2 : y4 ~R POITRAS ; ~ i I I°hereby certify that on this:day rsonally appeared before me, an officex duly ~ authorized to administer o~tks,;~~~~~~~~ ~ ~vnledgments, Leonard Baldwin, Willie , . . Parrish, Levi Robinson, George Wi iai~~s; Sam Hill, as and constituting the Board of Trustees of Bethel Baptish Church of Fort Pierce, Florida, to me weli known to be the persons described in and who executed the foregoing instrument and duly acknowl- edged before a~e that they executed the same for the pwcposes therein expressed as the act and deed of said Trustees. IN WI?NESS Wt~REOF, I have hereunto set my hand and affixed my official seal at Fort Pierce, Rlorida, said County and 5tate, this /9~'day of Janua~y, 1968. This in~t, ur~ent p: epareA ~ - ' _ , . • ` Firsf Fe~eral Sav. & L~ar, A;sn. U ~ oi ~ ~ ~ ort e~e~ce . ~1G`~[ ~ ~ Notary Public in and for the State ~ of F lor i i - ~`H~'~'~~~XI'f OF RORi~A AT L:RSE ~ - • MY COMMISSt~N E~(PIRES NOV. 26, 1971 ~ ~ , , ~ - iWrOEO fN u~ue{ F.R_D W. ~ ~ N!t ~!1_. ~ ~ . ~ My Comr~ission ~~ires: /9-~~-y'~ R ~ ~ r ~:_4_.~.~.~ , - ~ _ _ - ~ ' ~ ` - ~ ~ ~