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Home My WebLink About2934 E• , ~ t~sw . t ~r. ~I ! ~ t~ 14. lbat tbe Y~+~tor wW DaY all taxa b~ton tb~ am~ b~eoa~ delin4uen~ wbieh myr b~ nn?led oe aae~ed nnda aW? law ot tbe State ot larids. or au~? Fedesal I.aw. upon tDs 1[o~ajes's int~:wt ia said nai atate and impt~~meats. and which bs levied opoa this Yort~ e or the debt ~ursd her~b0? ot tbe bolder thee+sot (but on~j? to the ertaat that weh b not ~ted by Lw aud oaly to tb~e exteat t6at such will aot malcs tnis loan uturiau~ but escludIns aa,~ iaoome tau. ac State ar Federal. impo~d on the l[~K~ee. and wi11 l11e th~ ofiicial receipt abowins a~cb t with tbs itortta~ee. Ii. at an~ time~aa~ Lw or court decree tt tbe ppment'6~ the ~[ort~ayoe ot anU? tas. oWtr iu~oau tax, lev~ed upon the Mori~a~ee'a intenst in ths a~ort~s~ed real edate and improaemen ar levi~d unoa th~ Yort~a~e or tbe debt ~ecured here- by or a~at~t tbe bolder theseoi. a p~^o~Wea t6at aa~r aa~ount ~u ~d b~r tb~ Yortp[oz' must be eredtted on tbs moctsa~cd de~t, the l~ort~+tee sball Lavs the ~ w1t~Dwsoanad fa~ an~d nchaKes. It ~ b~°s ~i~ ~ said ~~M.~ ~ a~c~ ~ K~~ a~e de shall become~y~y able and collectIWs at the e:Pintion oi s~id niaeqr days and upon default in such Wi,ymeat atter sueh niaeli? d~ri. this ~C -oryi~Ye ~J? ~~~17? i~loaed. ~ i~. T'Lat ii at a~ time in ~6s optnia~ bt tbe Mort~es a recelre:sbip may bs necessary to protect t6e mort~iged properiy. or its rents. issue~s, yrofits. ar produee. vPhetber befors or after auturity oi tbe iadebtedness Lareby ucured. or at the time oi or attier the in:titntion od snit to eollert sueh iadeDtednas or to eaforos tbls l[ort~a~a~ the l[ort~s~ee sLall. as a matter oi strlct rlaht and re~ardless oi t6e value ot the mort~+~ge aecurlt~ ior tbs aaiounts due ~reunder or ~cu~d bereby~ or oi tbe solveaq oi aa~r party bonnd tor tLs pa,~ment of snch indebtedaess, La~e tLe rlsht to t~ appointmeat on ez parte application. and wit6o~rt notics to an~one. b7ao~ Conrt Lavlag ~ur~di~a, of a Receiver to take cLu~e ot. manaae, presesve. protect and opente said prope~r4 to eollect the rent0. ~as. Profits and incoane thenof. to mate all aeceasary or needful reP~t's. snd to ypr all tues an~ a~stments sgainst said properq? ~ad insnranos preminms ior insuraaoe there- ot. and aiter tDepaymea t oi tbe espeasea oi tbs receiveiship and manaQement oi ths~proPet't1? to sPPll? t6e n~ procaeds e in reduMton oi ~the iadetitedness here aeeuted or in snch manaer as tbe Conrt s6a11 direct. Such rcceiverahip iU. at the option oi Mort~agee. oontiaue nntil payment oi all sums Lenby secund. or nntil title to said property ~hall Lave paas- cd by sale under this Yort~a~e. 14 T'6at tLe sccad4 henia and hereb~ pr~vided sbaD not aftect nor be affected by a~ other or further sscurlb? taten or to be taten fo~r the ~ame indebtedneas. or any part thereof; and the ssid ldort~a~or herebx declares tLat the prop- erty hereinbefore meatloned and conve~d to aaid Mortga~ee iorms no part oi aitY Di'oPerb? owaed, used or claimed by the aaid ~to~gsgee as ea~empted irom forad aale nnder the Lws oi tLe State oi Piorlda. and diaclaims, vnives, and naounces all and ever~ claim to esemption nnder an~ I~omesteid e:emptlon or ot6et laws. la. Shonld the 8ort~agee at aqy time nquest ia wclqnY that tLe Mortgagor conilrm tbe ama~nt oi tbe indebtedaess ior rlndpal and interest secured by this l[ortga~e and tbe valldi~y oi We liea Lereof, t6e Hortg~ oz covenaats and agrees to~ve snch written coniirmatton within ~ve days aftu reeeipt oi anch writt~a requeat. or witbin said petlod oi time to advl~e the Y a~ee in writia~ of u~y dispute as to the amouat oi the indebtedness secured l~b~? or tDe ~a1Wfa oi tLls Yort~a~e, or t6e eH a hereoL iQ. That in tbe event tbe~~~ hereb7~g a~ed. o~' au7 Pu'~ t6ereoi. ahall bs condemned or tai~ea nnder the t~o aid p~emises sball be p~~~ to the MoriBaSee up to tbe~imon~at th n unpaid no t~lfis Y aort~a~e, aad mp? ~1ied to W sums last payable be:+eunder. ~ 17. It is agreed that notbinB hereia oontained nor aq~ transactian related tberato sball bs eoadrued or ~o opente ~ to ra~irs t~ l[ort~a8or to pay interest at a rata~reater than it is now Lwlul ia snch dss to coalsaet iaa~. o~ to mate a~~~~mea t or to do any act contruy to Lw: thrt ii any cLuses or bereia oontained or would rospee~ De~ld toe~~uigh~ as tbo~h ntot herein~ ti eda d~tbe nmai~n~r oi~ t~hi~s ~e s6~ill ~ op~ o~psh~all~ ioree and eifeck 1~ Tbe~~s bereoi sball bs bindias upon the l[ort~sQor and the heirs. dev~ea. Pera~nal reps~entatives, s~ cessora and s oi the Mort~a~a~. as the eaas mq? be. and innrs to the benetit oi tLs l[ort~aQee aad the beirs. devi~ees. personal representatives. aua~aaois and aa~d~ns oi the Yoetip~ee. as the ca~s ma~r be. Where more tbaa oae Yort~a~o~ is named herein, the obligations and liabili4 of said l[ort~a~ ahall be ~oint aad se~eral. 19. The lien of this mortgage is subject and i-nferior to the lien of . that certain mortgagec~ven by the mortgagors herein to St. Lucie County Bank, as Trustee, dated December 29, 1967, and filed in Official Records Book 169, at page 2553, of the public records of St. Lucie County, Flor- ida, insofar as any of the lands above described are now encumbered by , ; said mortgage. The lien of this mortgage shall not be inferior as to f any lands which have been released from the lien of the mortgage held ~ by St. Lucie County Bank, as Trustee. A default in said first mortgage ~ shall constitute a default in this mortgage. t ~ 20. The parties hereto agree that the mortgagors will furnish to the ~ mortgagee a survey prepared by James L. Beindorf & Associates, Consultinq ~ Engineers, of the lands described on the face hereof. In the event the = lands described on the face hereof do not coincide exactly with the lands ~ delineated by the survey, then, in that event, the mortgage shall be amended in order that the lien of the mortgage encompass all of the lands as shown on the survey. In the event mortgagors do not execute such an amendment at the request of the mortgagee, this mortgage shall then be- come in default. ~ ~ ~ . a ~ .y~4\~tQ ~ ~ : ~ ~ ~ IN VVTfNESS WHII~EOF ffie Mortqaqos has caused these presents to be p~operly ezecuted c}~r:~i: ~o~~~py~~ ~ adozesaid. ~ •J • ~ _-~:\;.•~:i}«=;: _V ~ ~ Siqned ed and Deliv red in e presence of: NORTH BEACH DEVELOP COM~~- y,,~ ~ v~9 ~ ' , ~ •P ~ _ ~ BY : , ~ ( - t'~, d e., Y ~ ~ , ~ ~ l~':~~_ ~ David B. Putn , Presi K~.•,k. . , ~ :"'k,;~ ~Judit Ann Judy, Ass Se ,c ~ ' ~ ,4I;. ~ ~i ~ ';C.~~'y ~ I~ ~ ~ - -w~ ~ . u am, resi en , avi ~ : z' . . ' i ~ J'; '~`'~~;:,~4TTSST: (SEAL) ~ 0 R~~~+ r X~'` ~-~:-~`'-Y .~u4it n Judy, Asst ec tary BOOK V A,.f~~7 eI~ ~,tD~ : : ~ : 5 - - - ; ~ ~x , " r-+~=_ ` ~ ~ . ,s