HomeMy WebLinkAbout0594 To place and continuously keep on the b~~'ding~ navy or hereafter ~ituete on said ~and and on aR equip~nen~ and pe~~ona~~y covered by th~s mo~tg-
sgl, w:th ell prom~umf Ihrreon pa~d in lull, lire ins~~ance .it the
~sua~ standa~d po~~ty Form, in a sum aNprored by the MJR~I,A'vEE, a~ d w~ndstonn
insur~nce in Ihe usual s~a~idard po~~cy form, in ~ sum appro.ed by ihe MORiGAGEE, in such co~npany or companles af the A'10RTl;AG.E may
direct; snd all ti~s and w~nJstorm inaurance polides on any ol s~~d bu~~d~ngs, any imere3~ therein or pa.t thereof, in the aggrrgare sun~ aforesa~d er
in excest Iherool, thall contain ~he usual itandurd morl9agee clauir or wch oihe~ clause ss ?he Mortgegee may requ~re, moM~ng the ~ess u~~drr sa~d poli-
c~ef, each and eve~y. p+yab~e ro sa~d MORTGAGEE as ~b in~crrst may appear, and each and every such pohcy sheN be pro~nptiv ess g~~~•J a~~d de~~~a~.•d ~o
eny held by sa~d A1pRTGAGEE as iw~he~ se<urity to sa~d n:o~tgage drbt. and, not Itss then ten (101 days in ad~ance o~ the Cnpirahor of each po~~cy, ~o de•
~rve~ to eaid MORTGAGEE a renewal ~hereoi, toge~her with a rece~~~t for the p~e~nlum of wch renewal; and ~here st~all be no Lrr ur wl~~ds~c~~n insurence
pleced on a~y of sa~d building~, any interest theran or pan ~hereof, unfess in :he (orm end wi~h the ~oss payabie as atorciaid; end ~n the event any sum
01 money becanef paYabte unekr such policy w pofcies taid MORiGAGEE shall have thr opt~on to recrivr ond app~y the san,e on acco~nt oi ~he ind~•bted•
ness secured hereb~ or to permlt said MORiGAGORS ~o receive and use it or any part ~hrr~ol to~ o:n~•r ~srs. "'~P~~~'
~ng any equ~ty, lien w right under or by virtve of this mortgage; and in ~he evem sa~d MORIGAGORS shatl f~~ any rcason fail to kcep Ihe sa~d pre~ni~as so
Inswed. or }ail to de~ivm pranptly any of said po~~ues of inwrance to sa~d MORIGAGEE, or i~~l pro~nptly to pay fu:ly a~r~ p~~• ~~~.,~n th~~~efor or in a~~~
respect lail to perform, d~scharge, execute, effetl, tomp~ete, coinply with and ab~de by this covenant. or any 4.ut hereof, a.+~d M~R1G:.GEE ~noy p~ace a•d
pay iw tuch insurence or ~ny part lhereof without waivinfl or affec~ing any ophon, Gen, equ~~y, or ngM ur~de~ or b~ vv~ue of thn Mortyaye, snd fhE
futl amoum ot cach and every such payment shall be immediate~y due and payable and aha~l bear i.,tr~~st frorn tho date theruo! u~~rd p;~d at the ~are ol
~.~ne per cr~wm per d~~~~um end togrther witn wth inte~est shali Ue s.•c~red by Ihe Gen of this mortgege.
1, To permit, commif p sutfer no waste, impairmeM w dcleriorotion of sa~d property or any parl thereof.
5, io pay all and singula~ the coats, cha~ges and txpensel. inciudmg a reas~nable attomev'~ <<e and ceti+s ol ~bstraas of t~~!e, incur.ed or ~,a~d af
any time bY sa~d MORiG/~G:E, because ot it~ the event oF the fa~lure on ihr part of the said MORTGAGUR ro duly, pron~ptly end fuliy p~rfonn, d~s~harge,
e.ecute, e(iect. canplete, canply w~~h ana ab:de by each and every ~he st~pviai~ons, agreemcnh, conu~l~ons, and cove~~anis of sa:d pro~*~~sevey ~o~e a~~d ~l~~~
rnurtgage any or e~the~, and sr•d cos4, charges and expenses, each and every, shaN be immed~atety due and payaWe; whe~he. or not the~e be nonce d~~
mand, atttmpt to toliect or suit pend~ng; a~id the full artwunt of each and e~cry suCh payment shall bea~ interest fro+n ~he dnte thereuf unti{ paid at the
~,re o~ ~~u~e cen~u=.~ F>~`r an~~uvi; and ali sa~d costs, charges and ea;:ensea i~eurred or pa~d, toyether ~v~th a~th interest, shail be sec~red by the I~en o1 th~s
mortgage.
6. That (aT the event of any breach o~ th~a Mo~tgage o~ default on the part o( the MORiGAGOR, or ;b) ~n the event any of sa d su~ri of money
fierein referred ~o br not pron+ptly and tully paid w~thin thn~y ~30) days ne.ai aiter the sa~ne aevera'!y become d~e and payabte, w~tl,out de~~~a~,d or notice.
c. ~c) in the event each and every ?he stipular~ons, agreeme~~ts, cond~tions and covenar.~s ot aa.d p~onusauiy nos~ a~~d th•s mutgaye any or r.~her are not
~~~y, p~omptly and t~1ly pe~:ormrd, d~scharged, exec~ted. eticcted, compSeted, compt~cd with and ab~dcd 5Y. ~hen in e~ther or any such event the sa:d ag
g-egate wm ment;o~~ed i,i said proen~ssory note then remaini~g unpa~d, with ~ntere~t accr~ed, and au n+~~~cys secured he~eby, shatl b~w~ne d~e and pa~-
eD e forthwith, or thereafter, at the op~ion o1 sa~d h10RTGAGEE, as 1u1{y and completciy as if all of ~h~ sa~d w~ns of rnoney wcre o~~g~na~ly shpu~atrd
te be pr.~d a+ svch d:.y, anyth~ng in sa.ti prom~aswy note or in this Mortgage to the comrary nor,v~rhsrand~ny; and therrvpon or Ih~lter at ~he opnon of
s~.d MORTGAGEE, wrthout not~ce o~ demand, suit at law w i~ equity, therefore or Ihereal~er begun, may be F:rosecuted as if all~neyf sew~ hereby
nad mawred pr~or !o ~ts instltu~ion. n -1~
7. That in the event that at ~he beginn~ng of w at any time pend~ng any sui! upon this Mortgage, or to forec! ~t, or to~~ rm it, jp force
Fayment ol sny deims he.eunder, safd MORTGAGEE shall apply to the ~o~r~ hav~ng ~urnd~ct~o~i ~hc~eot (or ~he appo~n~y~ of a It'~ver, aufA~shail
fo~fhwith appo~N a rece~ver of sa~d mortgaged prooevty aIl and s~ngular, includ.ng all arxi s~ng~iai tt,~ income, prol~b, xe~s and reven~rs 1~6~F(~r atever
s~.,~ce derived. each and e~ery of wh~ch, ~t be~ng expressly unde~sroocl, ~s hereby mongaged as if spec~f~cally set forffi~a~ desu~ in the~~' a~~d
habendum clauses hereof, and such Receiver shalt have a~l the b~oad and effecr~ve funct:ons and powers in a~yw~se entr~t~j( by a~1 to s e~~ and ;A
s.:h 3ppointment shall be made by such Cou~t as an admined eqoity and a maner of absolute nght to said MORiGAf~'"and wahout refere the ~
adeqvacy a inrdeqvacy of the value o( the p+operty mo.tgaged or to the so:ve~cy or ~nsosvency oi aaid MORIGAGO he def nrs, a ~such
~c~~ts, prot~ts, incane, issues and revenues ahall be applied by such Rece~ver accordmg to the tien or equity of said M 1~4GEE al~he pra such
COVfT. ~ ~~O r~
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8. To dufy, prompt;y and (ully perfo~m, dlscharge, exccute, efrect, comptete, comply with and abide by each and~~y the sti~iations, ~(~e~nts, ~
;onditbns and covenanrs in sa~d promissory note and thls mortgage set torth. ~(A
9. That ~n the event tF.e ownersh~p of tF.e mortgaged prem~ses, or any pa~t thereof, becomes vested in a person'C~her tha~ ~~~~the
ti10RTGAGEE. irs successors and ass:gns, may, wi~hour nor~ce to ~he A10RTGAOR, deai w~rh such successor or svccessw i~ interest ~i~ re nc td`~his
~ o~~gage and ~he d>bf hereby secured in the dJme manner as with Mortgago~ w~thout in any way vit:ating or d.xharg~ng the ldorrgagors' Ga rr
~^der w upon the d~bt herebr secu~ed. No sale of the premises hereby mortgaged and no ferbearance on ~he part of the MORIGAGEE or its esso~s
e~ ass~g~s and no exrension ot the tlme for the paymen~ of the debr hercby sec~red given by the MORTGAGE'_ or its succ~ssors or ass:gns, ahall
to re~ease, d~scharge, mod~fy change or affect the ong~nal liau!t:ty of thr MORTGAGOR herein, either in whote or in part.
10. It is spec~ficatly agreed that time is of the essence of th~s contrac~ and that no waiver ol any obl~ga~~on hereurNJer or of the obiigation se-
c.,~ed he.eby sha!i a~ any time ~hereatter be held to be a wa~ver of the terms hereof or of the instrumeoi secwed herby.
11. In sdd,ro~ to the forego ng ~nor.th!y paym^nts of print pal and interest ?equired by the prom:ssory no'r sccurad hcre6r, mortgagor covenants
~~•.d ag*ees to pay to ~•o~fgagee v~~th each monrhiy pay~,ent an add~~ional sum rsr:i a~ed by morrgagee to be equal to 1, 12 of the an:~ual cost of the folfow-
A-~'i rcat Froperty taxzs le~.i~d o+ assessed agel•~st thc above desalbed real estate.
' ~ ~Q~ ~
: B- Fr,- ~~~s on f~re and windstor,n ir.suracce as herein requ:red to be ca.ned on the :mprovements sitvate on thr abov0 aesai~d,~? 1/
, , rc~!?~:... o~
i C-Pre~~.:~:^s on such morrg;ge guaranty irsurarce as mortgagee shall fro*n t me to f~me deem fit to carry on the loan secured tle~ l!
~ Mortgagee s':~ ! j-cm tir„e to t~me notify mortgagor in w~it~ng of 1he amou~t due and payable hereundrr and such su~~ ahail thet~n~~~i~~~';
G
~ ,>,a5!e o~ The due aare of the next monthiy paymer.t and each s~ccessive month thereaher ur.ril mortgagee shall notkfy mortgagor'o~ys tFtb ~
! ovnt. S~ch s~~rs sha 5e app:ied by morrgagee toward the paym.ent of real property taxes, inwrance prem.ums, and mortgagG ~yx~A1~'i~jtt e
~ '~•emiums. : aC sa'
IN tVtTN[~S .'.MER~~f rhe sa~d MORTGAGOR has hereunto set his hand and seal the da a~d r~pr a,~ ` ~~j-ti}• ~~~C
S:gned, Sea~ed and de ivered in the p?esence of: BUC K~~1 L11~ ~ C . I~. ~11!i~~ ~ 1~.' ~
BY: ' - . _ O .
~ _ ' ~ ~
ATTEST : ~ •'~~u,`~~~~
~ - ,tary Le Crain, Secre ar ~ ~~i~
~ -
~
STATE OF FLORIDA df COUNTY OF ST. LUCIE
1 HEREBY CERTIfY, That on this day of Sept2mber i~, 70
~~~.;~~r~;j~~ .
before me personally appeared .1ack Czain a~d ~ta?zy 1,eQ C.t~ t•
'~~T~!.7~~~~ ~ .
~ ` 1~
respectively as President and Secretary ~ • ~
: ;1.. ; ~
~ Buccaneer Building Cor~oration Florida = a~:~ " o~•
x • a . ~ : ,~•'~~Ibl~i'~+O~t.,tat ms
known to be the persons desc~ibed in and who executed the foregoing instrument, and severally ljcknd ~xe=
~ v~ . , t' - -
cut~on thereof to be their free act and deed as such officers for the uses and pursoses therein mentid ~i'ell~,~l+~f~`1~ey
~ d'••~....
affixed thereto the official seal of said corporation, and the said instrument is the act and deed 6ti~~~ Corj~ptetion.
"~Ti,.~..
~ WITNESS my hand and official seal at Fort Pierce , said counry and state. ~
~
;his instrument prepared by nI
~ John th. Collins -~~~~a~ C~L~~
r irst f~ederal Savings and t.oan Notary Pub~ic, in and for State and County aforesaid.
~ s soc ia t ion of For t Pierce ~'r lor ida My Commission Expire~T~ ~d~ ~ FIORiD11 AT UIR6E
MY COMMISSION EXPIRES StPT. ~3, 1S7r
lONDEO 1NRU fRED W. pIESfEUWiqt
Checked BY G~----
60R0!( ~8~ ~JtCE ;
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