HomeMy WebLinkAbout0592 3. To place and continuousiy keep on the bviidings naw or hrrcaHer s~~uete on said lend and un all equipmeni e~.d pe~tOnal!y Covc~cd by ihis mortg•
ege, w~~h all prenuvmf Iherecn ya:d in (ull, firC ins~+rance in the us~al ataixla~d po~~q iorm, in a wm appro+ed by tlm MVk~GAi;tE, a~ J wi~~ds~o~m
- mwrs~te in the ~s~al s~anda~d po6cy lo~m, in e tum approved by the MQRiGAGEE, in tuch tompany o~ co~npan~es as ~be l110RIGAGEE rnay
d~rett; and all Fire end w~nd?torm intwance po~~cir~ on sny ol toid tw~~d~ngi, eny intere~~ there~n or pa~t thercof, in the ag~~cga~e s~~n afo~esaid oi
in ~YCess Ihereof, shall co~ta~n the vwal standard morlgagee cliuse or such other dause as the Mortyayee may ceyu~re, mek~ng thr Icss und~•r a,~~d poli-
cies, eat!~ and every. payob~e fo said h10RiGAGEE as ~IS interesl iney appear, and each and everv wth pot~cy ahall be premf~~ly ass y~~rd e-~d de~~~~reJ ~o
eny held by faid MORfGAGEE ss turiher seturity ~o seiJ mortgage debt, and, eot le» than ?en (101 days in aJvance o1 tF~r expudt~on of ~ach pol~cy, to de•
I~ver to said MORTGAGEE a re~uwal tlreroeF, togr?her wi~h a receipt for the premwm ot such ~enewa!; e~~d there sh~'.i be no f~rn ur w~~~uuwm r•uurance
placed oo sny of sa:d b~,ildh.gs, any ~nterest there~n o~ part ~herroF, un!rss in fhe iorm and wAh the loss payal,le ~s afwes~~d; and i~~ rt~e rveN any sum
of mw~ey become~ payabte under such policy or poLcira sa~d M04TGAGEE ahall have ~he opt~on to rec_•~ve and apy'y rhr s.~•~~e on .+ccou~~t u! the ~ndobr~J~
~ess sMUred hirNby w to pcrmit said MORTGAGORS lo retrive and use it or eny part thc~col for o;i~••r ~;ur~ ~~~~s, t1,~,,:t t!~ . ~
ing any cq~rty, Gen or r~yht under a by virtue oi Ihis mo:egage; snd in the event sa d MORiGAGURS shall tor any roaso~ fa~l ro k~•cp rhe sa~J premacs so
~nsurcd, o~ fail to de~iv^r pranptly any o1 said pohcics ol inaurante to seid MORTGAGkE, or 1ai! promptly to pay fu,:y any ;,r~ ~E~c~vfor or m any
resprc~ (ail to per(orm, d~scharge, execute, effecf, complete, cornply wi~h and ab~de by th~s covenan~, or any per~ here~l, s•+~d MURi;,:.GEE ~nay piace a~~G
oay fw such insurance or sny parl thereol wi~houl waiving or a1(ecti~g any op~~on. ~fen, equny, or nght under o~ b~ v~+~ue ol ~h~s Mor~y.~9Y, and the ~
iull amovnl ol tach end every suth paymeM shail be immediateiy d~e a~d payable and shal! bear intcrc•st fro~n the d: ~ Ih~rcof uniJ p.,~d at thc rate o1
~~~ne per centum per annum end to~rther with such interrs~ shali be sec~~ed by the lien o1 th~f mortgage.
1. To permit, commit or suf(er no wasTe, impai~menl w deterioration o1 said property or any part thcreof.
5. To pay a~l arxl aingular the costs, charges and expenses, ~ndud~ng a reasonable attorney's fee ar~d costs of ~hsnacts ul ~~~'e, incuned or ~,~~d a~
.ny ~~~nr by ~a~d MORIGAG:E, because or in the eveN of ehe fa~lure ^n the pa~t ol the sa~d MORTGAGOR ro du:y, µ~o~nprlr a~~d fu'ly i;~~fo~m, d~sche~qe
rxecufe, effect, cwnplete, comply w~th and ab:de by each a~d every ~i~e s~ip~fa~~ona, agree~•~ents, cond~t~ons, and cave~~enrs o( s~+~d pro•n„sory note d, d it,~~
.nertg~ge any o~ e~~hm, and sa:d costs, charges and e¦penses, each and every, shall be immed~atelY d~e and payabie; wh~~+hcr or nof ih~~re !x no~~cr d~
mand, atte~npt ~o colleU or suit pend~ng; and ~he (ull amount of each and every such paymrn~ shall bea. ~ntcrest from ~he dare therrof unf~l pa~d at rhe
•,e~~ o~ n~ne per c~~:~~~n F.~r an~w:n; and afl saiJ costs, cherges ar.d e¦;,enses intv~red or pa~d, togrthrr wah s~ch inte~est. shalf be srcwrd by ihe i~en of th~s
mor Igage.
6. That (al in the even~ oi any breach of th~s Mortgage or default on tFx part of the MORTGIGOR, o~ ;b) ~n +he evem any of sa d s~ms oi mo~ey
he~~.in rcfe~red ro bc not pro~nptly artd fully paid within thuty ~301 days nexf art:.r the samr srvcrat!y beco~nc due and payol~!e, w~ehovt de~nand or ncnte,
er (c) in the evem each and every the stipulations, agreements, cond~+ions and covenanis of ia d f>rO~niisury no+c a~~d fh,s n:origage a~~y or e~~he~ are not
~~;y, promptly and IuUy perfunned, d~scharged, exec~ted, effected, tanpleted, complied w~th and ab~ded 5y, then ~n e~lhct or any wch event the Sa:d ag
~~rgate sum ment~o~~ed in s3~d promissory note Ihen re~nainin9 v~~pa~d, with ~nterest acuued, and a~l nwneys srcured hereh~, sha{1 ocwme Jue and p~~
eb.e forlhwith, or thereatler, at 1he option of said MORiGAGEE, as fuliy and compleTe~y as i1 aH of tf~e se~d av~ns of money ~nere or,g~~~a:Iy s~•pu:ats•d
r~~ be ~~d on such day, anyth~ng in sa.d prom~fsory note or in this Morrgage to the contrary norwnhsrand~,,y; and thereupon or theien}ter a1 rhe o~,T~o~ of
si d MORTGAGEE, wrthout nonce or demand, s~it at law o! in equAy, lhereFore or thereaiter begun, may Ge prosecuted as if alf monrys sec~red hereby
n, d matured pnot lo ~fs inst~t~tion.
7. That in the event that at the be9inn~ng oi o~ at any time pe~d~~y any suit upon thfs lNortgage, or to loredose it, or to rrform ir, o. ro enfo~ce
payment of any c!aims he.eu~der, srid MORTGAGEE shall apply to the Co~rt hdv~~~y ryn~d~c~ion inerrui io~ ~~~r aF,Nv~~~~~~~c~~i of a Rece~:er, ~~-h C,o r~
fc~thwith aF:po~nt a receiver of said mortgaged prooerty all and singv!ar, includ.ng aN and s~ny~~ar ~he ir.come, prof~ts, issues ard re~er.ves fro n wh,tever
s: vrce der~ved. each and every of wh~ch, ~f be~ng exp~essly unden~ood, is hereby morrgaged as ~f speuficoity set (or~h and dex~~b•~d in the g~annng ar.d
i~abendvm cla~ses hereof, and such Reca~e~ shall have a!~ the broad ar.d effecr~ve ~unct.ons a~~d powe~s in anyvv~se enrrusred by a Cov~t to a Rece~.e., a~ d
a~<h appointment shell be made by svch Court as an admitted equity and a matter of absolu~e nghi to sa~d VIORTGAGEE, and w~fhout refcrente to Ihe
adequacy o~ inadequacy o1 the value of the property morfgaged or tr. the so~vency or insdvency of said MORIGAGOR or tl~e defe•.dants, aRd th~.t svch
~c~fs, profits, inco:nP, issues and reven~es shall be appl~ed by such Receiver accordmg to ~he lien or equity of sa~d MORiGAGEE and rhe pra.t~ce of such
Court.
8. To duly, prompt!y a~d fully perform, discharge, execvte, effeU, complete, comply with and abide by eacfi and every the stipu~ations, agreements,
.crditions and covenunts in sa~d promisswy note and this mortgage set forlh.
9. That in the event the ownership of the mortgaged preR~~ses, o. any part thereoF, 6ecomes ve~ted in a person other than the MORTGAGOR, the
:1~RTGAGEE, irs wccessors and assigns, may, with~ut notice to the ~10RTGAOR, deat w~th wch successo~ or successor m~nterest with refere~~ce to th~s
r,,o~tgage and the d,bt hereby secured in the same manner as w+th Murtgagor wrthout in any way vit:ating or d:scharg~ng the Mcryagors" iiatr~i~ty here-
.~,der or upon the debt hrrroy sec~red. No sale of the F•.e~nises hereby ~no~tgaged ard no forbea~an~e on the part of the I+10RTGA•:,EE o~ its s~~ccesso~s
a~.~.+~s and no exrens:on ot fhe ~~me for the payment of the debt he~cby sec~red g~ven by ~ne MORiGAGEE or ns svccesson or ass gns, ~:,all operate
ro re!ease, d~scharge, mod~fy change or affect the orig~nal Gao.~~ty of the N'.ORTGAGOR herem, either in whoia or in pa~r.
10. It is spec~ircai~y agreed that time is oi the essence of this contract and that no waiver of any ob'~9a~~on hereunder or of the obligation se-
cured he~eby shah at any time thereafter be held to be a wa~ver of the terms hereof w oi the irstr~mem secured herby.
l i. In add.~~o? to the forego n9 monthty paym~nrs of princ pal and infe~est requ+red by ~he prom ssery no~r s_ cv~rd hr~~ b~, mortga~or covenants
; agrees to ,~ey to mortgagee v~rth each monrhiy pay~ •enr an add,rional s~m est~n,ated by mortyagee to be ey~a! to 1 12 af t:~~ an ,uet cesr of tnc foiio~-
A-A!I rea~ p~operty taxes fevied or assessed agai•~st the above desaibed real estate.
B- Fr;+: ;-•s o~ f.e and w~ndsto'm insurarce as here~n reqv:red to be ca~ried on the ~mproveme~ts s:!uate on th~ ao~ve dcsc~~bed premises.
j C-Prr~^~ur~~s o~ s~~ch mortgage g~aranty ins~erance as mo~tgagee shall from t'me to time deem fit to carry on the loan secured he;eb~t"'~~~q~~~~~t~~~~~~"i~~~~ ;
; Mortgaaee sro ! jrom t.me to t~me not~fy mortgagc~ ~n wnl~ng of ihe amou~t d~e and payable hereundrr and such sv~~ skatl the~rZupqf~pr~Jk+d~'~_~~~;
.~,zb!e on the cl~e ua~.~ of the next month:y payment ar.d each successive month thereait:r ur.iil mortgagee sha!I not:iy mortgaqbraf~s.-chs~~~~ C`'•
~ ~unf. Such su•~~ s~~ ~ be app;~ed by mortgagee toward the payment of reaf property taaes, inwrance prem.ums, a~~d mortya~ ~~r~ ats«•~
~ ~ ~ `~r~' Y~`• - . ~
~ „e^~iums. _ .-_jt:
( IN Y11T"1ES5 ::NfR,OF, rhe sa~d MORTGAGOR has hereunto set his hacd ~nd seal the da ear first afo+esa~d. ~ 4: y
? R BU LD I COR~6R~1~~~L
n
E S~gned, Seated aad deGvered in the presence of: N~ REC~~ ' _
; ~ ~~~~o A
~ ST. lUC1E COUN'f . LA: ~ ~ ~
~ ~`y~~~i~~0~.
~ ~~.COR^ VE~1FtED ~ `
eTTEST :
~ - , ~ ,
~ ~r..-•_--ISsa~'.
- - - - - -~~-~-?.Z--P~- - - - -
~ ---198
~ 83
~ STATE OF FLORIDA COl1~dBf~F
h t n h' CI~RK fC~RCU~7 ~pte
~ber
1 HEREBY CERTIFY, T a o t is ay o A.D. 19 ,
before me personally appeared Jack Crain and ~1arY Lee Qcain
~ respectively as President and Secretary , of
~
~ Ru~anas~Y R~i lding C~r~~at i~~ , a Florida pors tq me
~ ~ ~1,~; ~
~ known to be the persons described in and who exetuted the foregoing instrumeM, and severelly,ey~fbtf~yledg~'~~qxe-
~ : ' ; ` r t
~ cution thereof to be their free act and deed as such officers for the uses and pursoses thereir?~. O~;I~~~.they
, .
affixed thereto the official seal of said corporation, and the said instrument is the act and= ~q~':~~t~~.cp~tif~pri.
. , . .
~ . .
WITNESS my hand and officia! seal at Fort Pierce , said caunty and !ti ` '
~ ' : ~ : , ~ .
~ ~his instrament prepared by ;G~d.;~~.{is~;;.~'\„ ,
John t•. Collins ~ -
~ ~ irst Fedctal ~avings and Loan Natary Pubfic, in and for State and Coun~•~ ~ aid:'~~ ,
~ , s soC i ai ion af ror t P iezce ~ F lor i da My Commission Ex~~~y PUBLiC. STAi[ 0~ FlOR10A AT LAR~E
~ MY CJR1M15~10N ExPIREg SEPT. 23. 1973
86tiDED ~HRY fRFA IM. OIESIELMORSi
Checked By ~ '
ao~187 ~~E 592
k~
g _ . ~ T~
: ~