HomeMy WebLinkAbout1988 3. To plac~ ~nd continuously keep oe? the bu;ld~ngs now a hereafte~ situate on said land ~nd on all equipment ~nd p~r~on~lly tov~r~td by thls mort~
~p~, with ~II prcmiums ~Ixreo~ pa~d in iuil, iire insurance ~n the usual standard policy fwm. ~n a aum ~pproved by ~he MORTGAGEE, and windstam
insur~nct in Ihe usual s~andard policy torm, in s sum approvad by ths AApRTGAGEE, In ~~ch tompany or companies ai IM MORTGAGEE may
direct; and all tire ~nd winds~o~m insurance poliuei on any of said build~ngs, any in~e~sst therein or pa~l ~hereoi, in tM +pgrepat~ awn ~forosaid w ~
In ~xteu thereof, thall contain the usval s~ar+dard mor~gs9ee dause w wch other clauss as tM Matyagee may requir~, makirg the loi~ undN ~aid poll~ ;
ci~, ~ach and ev~ry, payable to sa;d MORTCaAGEE as ~ti interest may appt~r, and each ~nd eve.y iuch policy shall be promptly a~~:9ncd and delivered fo
~ny Mld by s~id MORTGAGEE ~s fur~her security to said mwtp~e debt, and, nol leu than ten (10) days in advancs of the expir~ti«? of each policy, fo de-
liwr to wid MORTGAGEE a renewal thereof, togethar with a receipt fa the p~emivm ot s~c}? renewal; and there shall be no fire o~ windstorm ins~rance
placed on ~~y of ssid buildings, •ny interest thcrein or pait thereof, vnless in the form'and with th~ lou psyable ai sfores~id; ~nd in 1he eva.~t sny :um
of monsy becomei paysble under iuch policy or policies iaid MORTGAGEE ihall have the option to receivs and apply ths tamt on aceovnt o~ 1he indebted-
rKS~ secvred hereby or ?o permi! saed MORTGAGORS fo reteive and uss it p s~y pait thereof for othc~ pu~pous, w:thout thareb~ waiving pr ~mpAir-
inp any equity, lien w ripht under or by virtw of this mo:tgage; ~nd in the event said MORTGAGORS ihall fw ~ny reason fail to keep the e+id prem~ia so
insured, w fail ro deliver promptly ~ny of said policies of insu?ance to said MORTGAGEE, a fail promptly to pay fully any prem~um therefor o~ in any
n~pect fail to paform, discharge, execute, eifect, complete, comply with snd ~bide by thit cove~ant, w any part hereof, ssid MORTGAGEE may place snd
p~y for s~.ch i~urance or •ny put tF?ereof without walviny w affedinp an~ opt;on, lie~, equ~•r, or right under or by vi.tue of thts Matgaps, and the
full amount of each and every tuch payment shall be immediately dw and pay~bls ~nd shall bear interesl from the date thereof ~ntil paid M the rat~ of
nir?s per centum per annum and together w~rh iuch interest shall be saured by the lieo of this mortgage.
To permit, tommit w suffer no waste, impairment a deter'roration of said Evoperfy w sny psn thereof.
S. To pay all and singular the ~costs, tharges and expenses, inctudirg a reasonable attorney i fee and costs of abst?atts of t;tle, Incurred or paid at
any time by said MORTGAGfE, becaus! w in the event of the failure on ~he part of the said MORTGAGOR to duly, p?omptly and f~lly pertam, d~scharge.
sxecute, effect, cemplete, comply with and ab~de by each and every the itipulations, agreements, conditions, artd covena~ts o~ said promissory note end this
mortgage any or either, and sa~d costs, charges and eapenses, tach and every, sMll be immed~ately due and pay~ble; whether w not there be ~otice dr
mand, attemp~ to collect or suit pending; and the full amovnt of each and every s~ch payme~t ihall bear inrerest from the date thereof unti~ p~id at the
rafe of nine per centum per annurn; and all said c6sts, charges and expenses incurred w paid, togNhe~ wilh such intcrest, shall be sKUred by the lie~ oi thi~
mortpage.
e. ihat (s) in the event of any breach of this Matgage or defauh on the pa.t of the MORTGAGOR, o? (b) in the eve~t any of ssid sums of morky
hNein referred to be not promptly and futly paid within thirty (30) days next after the samc severalty become due and payable, without demand or notice,
w(c) in the evenl each and every the stipulations, agreements, conditions snd tovenants of ss~d promiuory note and th~s mo~tgage any oa either are not
iuly, promptly and fully perfwmed, d~scharged, exec~ted, eifectcd, completed, compl:ed with and ab~ded 5y, then in e~the~ or sny such event the said sg
yreqata sum menrioned in said promissory rtote then remaining unpa;d, with interesl accrued, and all moneys secured hereby, shall become due and p~y-
•ble forthwilh, a thereafter, at the option o! said MORTGAGEE, as fully and completely as if all of the said sums of money were originelly i~~putatcd
fo be paid on such day, anyth~ng in sa:d prom~ssory ~ote or in Ihis Mortgsge to the conrrary norwirhstand~rg; and the~eupon o~ therealter the option of
said MORTGAGEE, without notice o? demand, suit at law or in equity, therefwe w thereafter begun, may be prosecuted as if all moneys secured hereby
Aad matured pnw to its institutiw+.
7. That in the event that at the beginn;ng of or at any time pendirg aoy svit upon this tiAo.tgs9e, w to foreclou it, or to reform it, or to enforce
psyment of sny claims hereunder, said MORTGAGEE shall apply to the Court having jur~sd~ction thereof fw the appo~ntment of a Receiver, such Cour1 shall
fortliwith appoint a rKeiver of said mortga9ed property all and singular, includ~ng all and singular the income, proiits, issues and revenues from whatever
wurce de~ived, each and every of wh~ch, it being expressly understood, is hereby mortgaged as if spec~fically set fwth and described in the granting and
habendum clwscs hereof, and such Receiver shall have all the broad and effecrive funci~ons and poweri in anywise entrusted by a Covrt to s Receiver, and
auch appointment shatl be made by such Court as an admitted equity and a matter of absolute rigAt to said MORTGAGEE, and without reference to the
adequscy w irudequacy of the value of the property mortgaged or to the sotvency or insolvency o( said MORiGAGOR or the defendants, and that such
rents, proiits, income, iuues and revenues shall be applied by such Receiver accord~n9 to the lien or equity of wid MORiGAGEE and the ~actite of such
Ca:tt.
8. To dul i, prompily and fully perform, disclurge, execute, effect, comp~ete, comply with and abide by each a~d eve?y the sti~lations, agreemcnts,
conditans and covenants in sa~d promisswy ~ote and this mortgage set forth.
9. That in the event +he ownership of the mortgsged premises, w any part tF~ereof, become~ v~sted in • person ethe~ than the MORIGAGOR, the
MORTGAGEE, ifs successas and auigns, may, wirhouf notice to the MORTGAOR, deal wi~h such successor p successor in interest with reference to this
mortgage and the deb~ hereby secured in the same manner as with Mortgagor witFwut in any way viriating or diuharging the Mortgagors' liability here-
under or upon the debf hereby secured_ fYo sale o( the premius hereby morsgaged and no forbearance on the part of the MORTGAGEE or its successws
or assigns and na exrension of the time for the payment of the aebt hereby :ecured given by the MORTGAGEE or its successaa or ~uigns, shall operate
fo reltase, d~stharge, modify change or affect the orig~nal liabil~ty of the MORTGAGOR herein, either in whole a in part.
10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obtigat~an hereunder w of, t~; ~ijy~Yqn se-
a.red hereby shal! at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. , i 7 _
11. In add~tio~ to ehe fwego:ng monthly payments of prin~ pDl and inrerest ~equired by the promissory no!e secured herq~i~y,',mo4lpw~N,
~dwnanla
arn! agrees to pay to mortgagee with each monrhty payrnenr an addrtional sum est~mated by mwtgagee to be equat to 1/IZ of thl~anhu~?°cost of the"fgllow-_
d .
A-AII real property taxes levied or assessed a9ainst the above desaibed real estate. t~
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B-P~emiums on Fire and windstorm insurance as herein requ~red to be carried on the improveme~ts situate on the aboJ~ des~sSBed~temises, z !
C-premiums on such mortgage guaranty insurar.ce as mortgagee shall from time to time deem fit to carry o~ the Ioan secl~il~ `h~veby. c'• ; ' >
Mortgagee shall from time to t~me notify mortgagor in writing of fhe amount d~e and payab)e F~ereunder and sucb sum sh31? ,ta*r~p~ }k;~'y~i
payable on the due date of the next monthly payment and each successive month tFereafter urtil mortgagee shall notify mortgagorpf:d c1f~r~qf•tn`sucli
amount. $uch sums shall be applied by mortgagee toward the payment of reat property taxes, insurance prem:ums, and moriga8e qyai~n~ ftiStiiu~ce
premiums.
IN WITNES$ WMEREOF, the said MORIGAGOR has hereunto ut his hand and seal the day and year first aforasaid. "•ut:~'~~~'~~
sg~,~a, s~~ ~.~d ae • ~a ,r~ ~.~se~~ or: FILED AND RECOROED ' Ecima I ne .
~~~i _ ST. LLCtE CDU`:TY. FLA. B~''_ ~ ~~Qf
• , - l~5't~Il?i~~n
- , on 1 c A tte s t• 3~ . ~ .~.a4
64V~~ Secretary
F~S 26 AM : 5y
:
STATE OF FLORIDA f` t~ °
~~~+T~~4~i~~e~~r ~
I HEREBY CERTIFY, That on this ~da of February 68 `
Edmund At. Radke , A.D. 19 ,
before me personally appeared Doris I~S . Radke
and
respecfivety President and Secretary
Edmar, Inc. , of
a E' lOr1C~
' Corporation, to me
known to be the persons described in and who executed the foregoing instrument, and severally acknowledged the exe-
cution thereof fo be their free act and deed as such officers for the uses and pursoses therein mentioned: and that they
affixed thereto the official sea) of said corporation, and the said instrument is the act and deed of said corporation.
WITNESS my hand and officia! seal at Fort Pierce , said county a state.
This instrur~ert prepa:Qd by -
First Federal Sav. & Loa ~ -
n Assn. ~
F Pierce ; IVoTarji•Public, i nd for State a~d County aforesaid.
B C' ~Mly Commission xpires: ~ ~
y c~ ";a,ary ?;:bfic, State of F{orida at lasqe
l~- . ' f~ly Comnission Expires Aug. b. 191~
. Q r ' - Bo.w:f ~Y d+~K+s E~r! !i ~±iwi9t SiL
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••I',~~~•~,?•~~~- r~
BOOK~ ~U PACE198~ '
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