HomeMy WebLinkAbout1675 ~ - ! • ~ ~
a. To plau ~nd continuo~rsly kNp on tM buiidinys now a MresftK aitwt~ oo s~id land and on all equiprMet ~ad paton~lly covK~d by matg.
with ali premiuRA tMrwn pa~d ie full, fi~~ iosur~nc~ in tM usual st+ndud poticy Iorm, ~n a~uee~ approwd by the MORTGAGEE, • tam
h~wanu In th~ vsual seandard poi+ey tam, tn • svm ~pprov~d by th~ MORTG/1GEE; in sueh eompany w eompania ~s tM E ~+»y
dkatt Md all fG~ a+d windslo?m inswaec~ policiN on ~ny of said b~?itd~nps, ~ny inlK~it IFw~G~ w put thenof, in ~M apqre9ar faaafd a
In ~xau tAerwf, ~halt cont~in tM wwt st~ndud morryap~ clav~s a such other tlau~ a tM Matp~N may rpvK~. mak4+q tl+~ said po~}
da, ~sch and ~wry, p~y+bl~ to uid MORTGAGEE ~s in tnteres~ m~y ~ppNr. aad each u+d ~very ~uch policy sMl~ b~ promptty ~u: d~liwnd to
~ny Mld by aid MORiGAGEE tur~her s~cvrity to s+id mort~sp~ dsbt. snd. not less than ten p0) day~ in advanc~ of tM ~xpiwY ~ polity. ro d?
Urra ro said MORTGAGEE a renew~l ther~of, Wpe1Mr with a tateipt for tM p~miwn of wch rentw~lt and tF~~ ~hsll by
no f' n+ inwr~na
plaad on ~ny of aid buildinp~. u?y iroersst tiw~in or pa?t IF+K~of, v~iess in rM fo.~+~ aod w~~h ~h• ~oss p.y~b~e as sf~~sa ~ ~wnt any wm ~
of mon~y becoen~~ payabl~ wtidp weh polky or poliei~s ~aid MORTGAGEE shall Mw tM optio~ ro nuiw and ~ppFy t o1 tM fnd~br ~
nns wn,r~d I+K~by a ro pnmH Nid MORTGAGORS ~o receiw and ~se it a any part ~hereof ta other purpou ~,•p a~
Inp ~ny equity, lien w ~iph1 under or by virtw of tha mors~ay~j ~nd k~ tM ~vM1 wid AAORIGAGpRS shal) fo~ ~ny ~'~d ~ni
huwed, a fail b d~liva promptly any of said policies of insunncs to said MORTGAGEE, or fail promptly to pay ~ e ~ nr
napM fail ~o puform, d'~sclur~ps. ~xecvt~. ~ffcct. con?p{~t~, compY wiTh u+d abid~ by this covensnt, or any part E IQr ~nd
paY fa wch Guwanc~ or any part tl+KSOf wirhout waM1nQ w ~HecHrg any optia~. li~n, puity. a riyht u i . and tM •
fuU ~mo~nt of each and ~wry s~ch parment sh~ll be imrnedNt~ly dw and payabl~ a+d shsll bea? interest f~ {`ipiitil th~ ~at~ of
Nr» p~r ca?t~m psr anrwm ~nd together with sucA tnterat shail bs secvred by tM lie~ of thh mor?paps. p~ _i
1. To p~mJt, commlt or wff~r ~o w~sM, impairm~nt a dNaiaration of s~id propaty a u~y put ~t~ '
S. To pay dl and sinpvla~ tlK.cats, d,arya and expenaet, includiny a reasonabl~ attwney's fe~ ~d of~ incvrred a paid at !
~ny time by i+id MOR1CsAGEE, bec~vs~ or io th~ went of the fsilure on th~ paN of tM ssFd MORTGAGOR to 1~ Ily perform, d~schar~
txacvt~. effeq, oomptet~, eomply w~th u~d ab~de by wd~ and every ths stipulations, apreements„ conditio~a, and oov~p~r?ts of pomiswry noro and thi~
monpap~ u?y or ei~ha. ~nd said coi?s. tharpes and expsrxts, sath ~nd ~vtry. sh~ll be immediately dw ~nd p~y~bl'et wl+~t w not then b~ norici d~
m~nd, att~mpt M coltact u wit p~ndinys ~nd tM f~ll amo~nt of sach ~nd wery such psyment sAall bear inrereat han~ daf~ 1F+~reof until paid at th~
rarc of nine per centum pe~ annum; and all said cdsts, ch~ryes snd expenses incvrred a paid, toyethar with :~ch intKpt, 11 b~ s~tured by tM lien of thi~
mat9sp~.
6. That t~) in tM evant of ~ny besch of this Mortyap~ w default on the part of the INORiGAGOR, oi (b) in the event any of a~d svms of money
harein r~fer~ad ro ba nor promp~?y and fully p.id wi/hin thirty (30) d~ys ~ext aft~r tM sune severally become dw and payabl~, wi~hou~ d~mand a norice,
o? W In th~ ~wrp each and evwy ths itipul~tions, ~yre~menb, coeditions and covena~ts of s+~d promiuory note and th~s m«t~e any a ~iths~ ar~ no~
~uly, pramptly and fully perfarned. discharged. execvtad, effected. completed, compl;ed w;th ~nd sb~ded by, tt»n in eithsr a u?y ~vch ~wnt the s+id ap~
qrepat~ svm m~nYa~ed in taid promiuory note the~ remaininp ~~id, with inte?est acuued. ~nd all moneys sacured hereby, sMll become dw and pay~ ~
~bl~ forthwith, or ~hereafter, at tM option of said MORTGAGEE, as fulfy and compfetely u ii all of the wid sums of moe~ey were aiginally stipulated
ro bs paid on suth day. anythi~y 1n sa;d promissory note w in this JNortgage to th~ contrary notwithsta~ing; ~nd thereupon or thcreahe~ ~t the op~ion of
~aid MORTGAGEE, withoW notice or dernsnd, tuit ~t Isw or in puity, therefon or theteafter begury m~y be prwecuted ~s if all nweeys securd Mt~by
Md m~twed priw to in iniiitution.
That io the event that at the bcginning of or it ~ny time pendiny ~oy suit vpon this Mortgage, w to fweclose h, or to reform it, w to enfwq
payment of any claims hereunder, said MORTGAGEE shall apply to the Court hsving jurisdinion the?eof fw the appantment of ~ Receiver, wch Couit shall
farlFiwith sppoiM • receiver of said mortysged properfy dl and sinpula?, jnclud~rg aU and sir~gul~r tF~e income profits, iuues and reven~s from wt»t~vlr
tourc~ darived, each ai+d every of which, it beinp ~xpreuly undcrstood, is hcreby mortgaged as if apeutiully set fath and described in the prantiry and
Mbandum clwses hereof, and such Receiver shall Mve all the brwd and effective fu~ct~ons and powers in anyw~se entrusted by a Couat to a Recei~r, and
such appointmeot shall be made by wch Court ss an admitted eqvity and a matter of absolute tighi to said MORTGAGEE. ~nd without ?eferente to th~
~dequ+ep a inadpuacy of the vslve of the p~bperty mon9aged or to the sonrency w inwlvency oi said MORTGAGOR a the defendiny. and that such
rents, profits, incane, issues snd ~evenves shalt be apptied by such Receiver xcord~ng to the lien w equity of said MORTGAGEE and the pqctice of such
CouA.
8. To duly, promptly snd fully perform, d'ncharge, execute, effect, complete, comply with snd abde by each and every the stipulations, agreemenis,
conditioro and coven~nts in said promissory nots and this mongage set iwth.
9. ?hat in the event the ownership of the mortgaged premises, a any psrt tF~rcof, becomes vested in a perwn othe? than the MORTGAGOR, ths
Al10RTGAGEE, its sutcessors snd assig~u, may, without notice to the MORTGAOR, deal with such sutcessor or tutcessor in interest with reference to this
mort9ay~ and the debt hereby secvrtd in the same manner ss with Nbrtgaga without in sny way vitiating or d"+schargirg tbe Mongagors' IFability hera
w~der or upon the debt hereby setured. No sale of the premises htreby mortgaged ~nd no forbe~rance on the part of the MORTGAGEE w in tuccesson
or ~ssigm u+d no extension of the time fw the payment of the aebt hereby secured yiven by the MORTGAGEE a its avcceasors or ~uigra, ihall operaN
1o nlease, discharye, modify charge or affecf fMe origina! liability of the AhORTGAGOR herein, either in whole or in put.
10. ft is spccifically agreed thst time is of the euence of this contntt a~d that no waiver of a~y obligatan hereunder or of the oblgstion se-
tured eby shall at aoy time thereafter be he{d to be ~ waiver of the tcrms hereof w of the ins~rument secured herby.
, addition to the forego:ng monthly payments of prioc:p~) and interest required by the promissory note secwed hereby, morlgagor covens
and sg ~ to p mortgagee with each montMy payme~t ao add~i~ional sum estimated by mortgagee to be eqwl to 1/12 of the annual cost of ow
M9~
-All rcal property tazes kvied or against tl,e above destribed resl estata !
Premivms on fire and wiedstorm insurance as r 'red to be urried on the imptovame on the sbove described premises. ~
-Prcmiums on such mortgage guaranty inwrar~ce as mortgsgee sha me fit to cs "
shall from time to time notif ~n writi nY o^ the loan secvred,.heieby.:•.`.~•,,, ,
gs9ee ~~M ng of the amovnt due a~d pays e uch wm sF?aN ther~~uporrbi/due'
paya on the due date of~no~r~6n`t~ly payment and each successive month there~f;er urtil mwtgagee shatl not' ' q ~~s ~
~ Such :ur~r s..shaH'6e applied by mortgagee toward the piyment of real property taxes, insurance prem:ums, er+d mpT~ a• gualin~~ inw -
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WITNESS WHEREOF, the aaid MORTGAGOR hss hereunfo set his hand and seal ths day and ar ~nt ~or ' ~ '
s.,r .~a ~a ~ r~. a~ ar: Cau~e~r ys ~cai --E=ot~t! I~c ; .
~J ~ • _.J
p? BYS
oF Y' Mp ~AX ~ ~ ? '
J S
'tA ~ Attest: .r
1~ o ~
. ~ - p0 uMEN~Po _ : Q` ~j ~ i., ` ~ Y -
f• A i AQR4,'~ l-,~_ " _ _ _ _
_ _ _ _ _ _ _ . w„ ~'f^~.
~ 7 i F1~ ~c4` ~
r V G~*~~4~~ g Jf
STATE OF FIORIDA cn P~• COUNTY OF ST. LUCIE
~ I HEREBY CERTIFY, Tnat on this ~3~ day of Aprl~ , A.D. )9 68,
~
~ before me pe~sonally appeared M. A. Rauasey a~ Mary Lee Ra~asey ~
respectively President and Secretary , of
Causeway Trailer Court~ Inc. Florida
, s Corporation, to me
known to b@ the persons described in and who executed the foregoing instrument, and severally acknowledged the exe-
cution the~eaf to be their free ad and deed as such officers for the uses and pursoses therein mentioned; and that they
affixed thereto the official seal of said rnrporation, and the said insirument is the ad and deed of said corporotion.
WITNESS my hand and official seal at Fort Pierce ='f ~ d ooun and state.
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EIlEO AND RECOROED~~~ ~~b~~ a^d for State and County aforesaid.
Nly ~om is qn EYprres: /~sy . L, / 9 7/
ST. WCIE COUNTY, FLA. . p~,,~• : u_ :otary Publ:c. State ot Fbrida at tsrge
RF: C 0 Rn V F R t F I F D~,'~~., ~ ~.,ti
_ :~Ay Commission Ezp'ues Auq. b. 197~
, . _ n,~ . so.a. r,? ~.Mw te a c..~+r ~
T~is instNment prepared by, ' S ~
Frst Federai S~v. ~~oan Assrt~B APR .24 AI~ ~Q,,•~~~2 , _ _
of Fort Pierc~ -~~,r 4s~r ~ b00K~~1 PACE1673
gy ~~~f •a ~v.0 ~ Oi; Rns _ . _
'~'""'~"CLE~ iCIRCUI7 COURT i
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