HomeMy WebLinkAbout0406 3. To pl~c~ •nd continuou~ly kNp on tM buildiny~ now or Mt~~ftN ~ituaN on faid I~nd u+d on all equipment ~nd ptrwnally coverad by this mat¢
cpe, with ~II pffmiVmf ~her~on pa~d '+n (ull, fire in~urancs io ~Iw uiwl siu,dard po~icy fo~rn, ie ~ sum approved by the MORtGAGEE, ~nd wind~~am
imwu~c~ fn 1M ufwl ~~andard poliq fwm, in • ~++m app~ov~d .by ~he MORTGAGEE. in wch company o? co~+pan~e~ as ~h~ MORiGAGEE in+y
dinttJ Md ~II ft~~ ~nd wii+dslo~m imur~nc~ polici~~ on ~ny of iaid b~ild~rgs. ~ny in~~~s~~ tM«in o. part tFareol, in ~he ag~rey~ie ~um aiw~uid or ~
In ~:cesi th~rwf. sMll contain tM viwl f~a~da~d ma~y+yN clauf~ w iuch o~lwr cla~is tM Ma1pa9N may requ~r~. ma?inp ths lo» under s~~d pot4
cih, ~ach ~nd ~very, payabl~ ro said MORTGAGEE a~ itt ~ntere~t may app~ar. ~~d each and every tuch policy sh~ll b~ promptly qned +nd de~~ve~ed ~o
~ny MW by said MORTGAGEE as fu~tha seturity to s+id mwtyag~ d~bt, and, nol I~st Ihan 1en (101 d~1/f 1n +dvance of Ihe txplr~twn of each policy, fo dr
I~w~ to aid MORTGAGEE ~ r~newal therwf, topHhK witA ~ nc~ipt fw Ihe pr~n+ium of such re~ewat; a~+d tMr~ aM~l be no fire or wi~dsto~~n insu~anc~
pl~d on u~y of said buildinpi. any i~tereit tMr~in a p+rt thereoi, u~leu In tFK fwm ~nd with tM lost payabl~ at ~fwe~aid: +~d in th~ ~vMt any tum
of mon~y becwnes p+yabl~ und~r tuch policy a policies said MORTGAGEE sMll Mw ~M option to receive and apply ~M t+n+e on +ccoun~ o( the indabted-
nsu secv~~d Mreby w b petmit faid MORTGAGORS to rKeiv~ ~nd uH it p any pa~l Thereof Iw othc~ purposes. wi~hout Ihe~cb/ waivi~~g o~ ~mpair-
irq ~ny pvity, lie~ w~ight ~odei o? by virtw of thia mortppet a~d in tM went said MORTGAGORS ihall tw ~ny reawn tail to keep the said prcmi~es w
insured. o~ f~il /o dtliva p~omptly ~ny of iaid polKi~s of iniuranc~ to aid MORTGAGEE, o~ fail promptly to pay fully ~ny premium therefw a in any .
respsct (~il to p~rtwm, dixlur~e, ~aacuro, tffect, complela, comply with and ~b~d~ by this covenanl, a any part heraof, said MORTGAGEE may pl~ce +nd
paY fa euch inwra~c~ w~ny p~n tMreof witho~?t walvirg w~ffsctinp any option. Ikn, p~ity, w right u~de~ o? by virtw o( ~hii Mortpays. ~nd the
full u~nt of aath and ~wry such payment shall be imrnediately dw and payabk and tMll bear interesl from tM daf~ thcreof untit peid a1 tM rat~ ol
nina pe~ centum per annum and toc~ether with such in~erest shall be secured by tM lien of this mort9aye. ~
1. To p~rmit, commi~ w wffN no wua. imp~irmsM w detKiwation of said prope~ty a~ny p+N the?eof.
S. To p~y all ~nd sir+pvl~ tM costs, cha?9es and expense~, includinp • reasonable attw~+ey's fee and costs of abstracq of t~tle, incurred w paid s~
any time by s+id MORTGAGEE, bacwse a in th~ evem oi tF?s fsil~re on the pa?t of tM said MORTGAGOR ro duly, promptly and fv11y perfum, d~uhs~9e.
execute, effett, compkt~, comply with and ab~de by sach and every the stipulat~ons, agreements, conditiom. +nd covenants of said prom~ssory note and thii
mortgaye ~ny w eiUx+. and taid cost~, ch~rges and ~xpenses, exh and every, shall be immediately due and payable: whether w not there be no~ice de~
mand, attempt to colktf or wil p~ndinp; and the fvll art~o~nt of each and every suth payment shall bea. interest fran 1he daq Nxreof until p~id ~t the
~ate of nine per oentum per auwm; and all said costt, cMr~s and eapensei incurrad w paid, toge~her .w~?h ~uch inlHesl, tMll be ucured by ths lien of thif
mwtp~ge.
6, Th~~ in the went of any breach of this Mwtyag~ w default on the psrt of the MORiGAGOR, a(b) in tM evem ~~y of u~d s~ms of money
herei~ nferred to be rwt p~omptly and fully paid withi~ thirry (30) days neat aEter the same severatly becort~s due and payab}e, withoul demand a notice, +
or in the event each and eve?y tl+~ stipulations, ~g~eemtnts, condi~ions and coven~nb of sa~d promiuwy rate and fh~s mortga~e a~y o~ ci?her ~n nol
~uly, p?omptly and fully pe~iormed, dixh~rged, eaecuted, effected. completed. complied with and +bided by. then in e~ther w any such eveM the iaid ag
greg~te wm menraned i~ said promitiwy note then ~em~ining unpaid, with interest accrucd, and all moneys setured Fxrcby, shsll become due and pay-
able fathwith, w thereafter, ~t tFK option of said MORTGAGEE, u fvlly snd comple~ely as if sll of the said wms of money were origin~lly it~pulated
to be paid on auch day, anything in ss~d prom~ssory note a i~ this MwtgaQe to the contr~ry ~otwithstsnding; and thereupon or thereafta at the option of
said MORTGAGEE, without notice or demand, wit at law p in puity, therafo~e or thereafter begun, may be prosetuted u if all rt~wroys iecured heteby
had mat~red pr~w to its institutioa ~
7. That in fhe event thaf at the beginni~g of or aT anY tim~ penJiny sny wit ~pon this Mo~tgsge, o~ to forecbse it, w to refonn it, a fo enforp
paymeM of any claims hereurxle~, said MORTGAGEE shall spply to the Court Mving jurisdiaion thereof ior the appo~ntmenl of • Receiver, wch Cou?t shall
forthwith appaM s receive~ of said mwtpaged property aU ~nd sinpvlu, includ~ng sll and singular ~hs income, p~ofits, issues and ~evenues from whatever
source daived, each and ev,ery of whicA, it bein~ expreuly unde~stood, is hereby mortgaged ~s if spec~fically set fath and dewibed in the 9rantinp and
habendum davses hereof, a~+d suth Receiver shall Mve all the brosd ~nd effective functions and powers in anywix eotrusted by • Court to a Receiver, and
such sppointment shsll 6e made by wch Court ~s an admined equity +nd a matter of sbsolute riyht ro said MORTGAGEE, and without reference to the
adequacy a inadequacy of the value of the property morty+ged or to the soivency o~ inwlvency of said MORTGAGOR a the deferxlann, ~~+d ~hat s~ch
renrs, profits, income, iuues and revenues sMll b~ spplied by s~ch Raceiver xcording to the lien or puity of said MORTGAGEE ~nd the practiu of such
CouA.
8. To du1y, p.omptiy and fuly perforrn, d~scFarge, execute, effect, complete, comply w~th and abide by each and every tM stipulatioos, ~grcements,
conditions and covenants in sa~d promissory nots and this mort9ape set forth.
9. That in the evem tF~e owrscrship of the mortgayed premises, a any part thereof, becomes vested in a person other tMn tl+e MORTGAGOR, tFw
MORTGAGEE, in successors and aui9ns, rrNy, witF+out notice ro the MORTGAOR, deal with such wccessor w successor in interest with refertnce to this
mortgage and the debt Ixreby secured i~ fhe same msnner as with Mortgagw without in any way vitiatir?y w d~xharging fhe Allwtgagon' liability here~ :
under or upon the debt hereby slLi.~ed. No sale of the Fremixs hereby mortgaged and no fabearance o~ the psrt of the MORiGAGEE w its successors ~
w sug~n and no .extens~on oi the time for the paymeM of the debt hereby secured 9iven by the MORTGAGEf a ib successori w sssip% shall operat~ !
ro rekase, d~xha~ge, modify cha~ge or sffect the wigir?al liab~l~ty of the MORTGAGOR herein, either i~ whole or a~ put. ~
10. It is spec~fically ag~eed that Ym~e is of the easence of this cont~act and th~t ra waiver of any obligatan hereunde? or of tM obliyation sa
cvred hereby shall at any time thereaFter be held to be a waiver of the ferma F?ereof or of the instrumem secured herby.
I 1. In addition to the forego:ng monthly psyments of prin~ pal and interest required by the prom~ssory no?e aecwed hereby, mortgsgor covanants
and agrees to pay to mortgsgee with each momhly payment an add~ironal sum est~mated by mortgagee ro be equal to 1/12 of the annval cost of tht fdlwic-
~
A-All real property fa:es kvied or assessed against the above deacribed ~eal esqfa ````,~~~11~ ~1~~~~~,'''.
B-Premiums on fire and windstorm inswsnte as herein requ~red to be carried on the +mprovert~enri situate on the above desu ~ 1
f:
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C-Premiums on such mortgage guaianty inwrance as mortgagee shsll from t~me to time deem fit to carry on the losn secu i'Z :~!l,~~
c'~,fr.' ; 4
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Nbrtgagee shall from time to time norify mortgagor in writing of the amoun? due and payable hereunder and such sum s _<i~l.
~ payable on the due date of the ne:t monthly payment and exh successive momh tFKreafter ur.til mortgagee shall notify mortg~~ -
amount. $uch sums sF.all be applied by mwtgagee toward the payment of real property taxes, insurance prem.ums, and hibY~+~ ~r
~ premiums. • . ~ Q•~: u~ _
~ IN WITNESS WHEREOF, rhe said MORTGAGOR has hereumo set his hand and seal the day and yeu first ~iaessid. ~ s ;
~ Se~kd a delivered in the presence of: ~1$ $ ~ 'J~ , . +~t~Q~.`~ ,
lE0 AND REcpRpEp By y~ ` €
~ - ~~.LUCtE C4UMTYfIA. . . assens, es s
A4CER POITRAS pttest ~ w '3~ ~
~ - RECORD VfR
f E~ c tG orma . assens, e `
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STATE OF FLORIDA ~,Q~~12 COUNTY OF ST. LUCIE ~
I HEREBY CERTIFY, That on this ~ e~~ day of Noveaber , A.D. 19 ,
before me personally appeared K. D. Cassens a~ Norma F. Cassens
respectively President and Secretary , of
CASSBNS GROVC SBRVICB, INC. ~ a Florida Corporation, to me
known to be the persons described in and who executed the foregoing instrument, and severally acknowledged the exe-
~ cution thereof to be their free act and deed as such offic~s`(~ the uses and pursoses therein mention~d; and that they
~ affixed thereto the official seal of said corpo~,eXq~~f~~ said instrument is the act and deed of said corporation.
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WITNESS my hand and official seal at f.piFP~oe' , said_ county and state.
This instrument prepared ~r " ;~,v~;;~;>:~
Thomas .a. Driscoil ~~i ,
First Federal Savings and Lid'j~ =r Public, in and fo~ State and County aforesaid.
Association of Rort Pierce, Commission Expir~~ wBUC„ STATE OF fL01t1p,I1 AT IAR~E
!~~s MY COMMISSION EXPIRES SEPT. T3. 197!
• 7~''~;'~>~..~ - - SOIIOED TIIRII fRED w. W~TELHORS~
3.'a------
'~•~.n.~~.~....
Checked By - . 3 .
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BooK 188 PACE 405
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