HomeMy WebLinkAbout0674 3. To plate and co~tinuous~y keep on the bulid~ng~ now or hereafter f~tuare on s~id land and on alf equ~p~~~ent and person;~lty co~ered by ~hi~ morrg-
ege, with ~II premiumf Ihereon pa~d in iult, fire insurance in the us~al stai~erd po'~cy foim. en a sum aFp~o+ed bY ~h~ ht"vK. "v.~GEE, a~~d wlndstorm
.nsuranta in fhe wual etanda~d poLcy form, in a sum approved by ~he MURTGAGEE, in such compam~ or cc•~~~~an~ei as the 6~ORiGAGEE may
d~rcc~; snd all iire and w~ndstorm insuro~ce policiee on any of sa~d build~oys, any imeres~ thc~ein or part th~rroi, in the agg~~ga~e su~n aforefaid or
in eatess ~hereof, shell coniain th~e usval s~and~~J nior~gayre claute or wch othrr ci,use as ~he Ihor~yagee may requ.re, ma~mg the toat undrr sa~d po~i-
c~es, each and eve~y, p+yable to sa~d l11pRTGAGEE as as interest may eppear, and each a~~d e.e~y suth po~::y sholt be pron,Nt:y aas g~~ed and dc;ivaed ~o
any held by said 6tOR[GAGEE as further security ~o s~id n:u~tyegr d~bt, and, not less than ~rn 1~0i d3;s >d.a~~cr o( the eaµ~rat~on of each po6cy, to dr
Lver ro said A1l~RTGAGEE a rc~tiewal thereol, togeihrr with a rece~pt for the premium of auch reneh.,~: a~~d t1~ere sh~ll 6e no 1.re o~ w~~~dsto~~n insuraoce
placed On sny of said buildin9s, any interest therein w pa~r Ihereol, ~n!~ss in Ihe Fcnn and wi~h the loss payabtc as afcreseid; and in Ihe eve~t any sum
of maney becomes payable undar such polity or pol~ues said M.ORTGAGEE sh~tl have ~hr opnon ro~ec~~~ve ~:~d apy'y ttie aa~ur on acco~~u o( the indab~rd~
ness secured htrrby w to perm~t said MORTGAGORS to retr~ve and use it or any p.~~~ fh_•..rof ror o:~~• r~,Ut~L5c1. :~~~~`U~:f ~h=~. u; ~...~.~'7 ar ~'~~p.,~.-
ing any equ~ty, Gen a right under or by virtue of this martgage; and in the evem sa,d A1pRfGAGORS shell for any reason fail lo keep the sa~d premises so
insu~ed, or fail to delive~ praaplly any of said poi~ues ot ~nsuraiite to sa d MORTGAGEE, or f~,! pion~ptly to pay fu::y any p~e~~~~um tl~rrefor or in a~~
resped fail ro perform, dncharge, execute, e{tect, cwnplete, cu~nply wi~h and ab~de by tii~s coven~n~, or any par~ harro(, sa~J MURT; AG'_E may piace a~~o
pty fa such insurante or any parl thereof without waiving or aliecting any option. I;en, equny, or r~~~t ur.drr w b~ vi~tue o! th]s Mo~tgage, and tht
f~il a~nount o} each and every such paymeN shall be immed~ately due and payable and sh~lt b•_ar inrcr~st from ~ha da~a th_•rcof un~it pa~d at the r.:te ol
n~ne per centum per annu~n and to~rther ev~~h 3uch interest shal~ be sacured by Ihe I~en of th~s morty:jye.
To permif, tommit or suf(er no waste, imPairment er drrar~oret~ori o( sa~d proFerty or any part thrrref. t
5. To peY aI{ and s~~gular the costs, charges and eapenses. induding a reasonab'e a!torney's fee and cests ef absT:acts of title, incur.ed or Fa~d at ~
any ti~ne by w~d MORIGAG;E, beca~se or in ihe event of the la~lure on ~hr par~ of the sa:d h10RiGAGOR to du:y, pro ~,Hfiy and fu:~y p~riJnn, d~scharge
e,eecute, efiect, canplr~e, tomply w~th and au.Je by each and re~ry the stip~iar~o~~s, ag:cen,rn!s, cond~t~ons. and .-ove:~~~:ts ai 3a~d Fxo:~::sse~y note a~~d th~s
n,or~gage any or e~~her, and sa:d costs, chaiges and expensei, each aod every, sha11 br in:~nid~ati•':y tloe and ca;.;i,,~; wh~~~her or not +hr~e br nonce d-
mand, attempt fo co~~e<t or svit pendmg; and the fut! amour.l of rach and eve~y svth payrncM sh~1i Lea~ i:~~_•re;t from th? date tRerrOf until paid al tnt
~e o~ nine per centu~n ;:~~r .;n~w:n; ond aL' sai~l custs. chargea and ~~~c~.i~s mc~rrrd or pa~d. toy~•:E.~r ~~,th such i~da~rst, ahall be secured by ~he i~en of th~~
~ortga9e. . !
6. That (a) +n the event of any breach of Ihis Mortgage or deia;;Ir on t;+~ p.~.t o( :~~e !JORIG%1GL~P. or ;6; in ~he event any of sa,•~ s~ms of money
herein refened to be noi pru~~~~ptiy and f~lly paid ~v~ih~rt th~~ly t30) da/s next a'n,r Ihe s,=:~,° s,rvcra'ty L•c:o~nr d.:e jnC~ pa~eVle, wrt~~v~t dema~~d Or nohce, ~
(c) i~ thr event each end every the stipu~at~ons, ayre:ments, cc~~d~t~o~u a~~d covenams o! sa Fron.~ss~~: nes~ and ~h•s n~ortgoye any or e~~fier are nof
~;'y, promptly a~d luliy perfo~~ned, d scharged. e~ecuted. effectrd. compietrd, compi~ed v~~rh and a~ ~d 5y, ti~eei ~n e.~her o~ any avch evem the sa~d ag
~re3ate sum menrioned ~n ;a~d p.on,~ssory note thcn re~~:a~n~n~ u~~pa~d. w~~h ~~;rr.est ac:,:;~•J, a~~d ~,,c~,~;s sec~~ed f;_~rebt, sholi 4cwn,e due and paY-
ac e forthwith, or thereafrer, at the eption o! soid MQRiGAGEE, as f~iiy a+xl cornplete:y as ~f aI: of •i , s.~ d s.:~ns ol n uney wcrc o~~g~ne~iy st~pu.ated
to be pa d on such day, anyth~ny in sa d prom~ssery note or in this Morrgage to ihe co~~+:ary no~.v.~hste ~y; a,~d th~•re~;E:on or tn~•ren'.ter at the opt~on o~
s~,d MORTGAGEE, without not,ce o~ demand, su~t at :aw or in equrty, therefore or ther~•~it~v ~cy~n, n~ay t:e urofrcut~J as if a;f monrys secured hereby
n~d matured pnor fo ds mstitut,on.
7. ihat in the evrnt rhat at the beginning of or aT any time pending any w~t upon th~s Mo•raage, rr to !orer•ose it, or to reform ir, or to enforce
pavment oi any Ciaims he•eu~~de~, said 1dORTGAGEE shall appty to the Co.,rt ha~~~~g ;~~~Sd.r..on th•_~rc~ iw ~h~ anpe.ntment of a Rece~ver, such Co~rt shail
fc: rhwith appomt a rece~ver of sa~d mortpaged prooerty ai; and iingular, indud.~~g a~l a~~d s~n~~.ar ~i~z irco~ne, prof~ts, ~ssves and rever.ves frOm whatever ~
so;~ce derived. eac~ and every of tivh~ch, it being express~y unders!uod, is h.ereby mo:~9+g~~d as ~f speuf~caiiy set lorth and descnbed in the gram~ng ar.d
h: bendum dauses hereof, ar.d such Rece~~e: ahatl have all the txaad a~~CI Cf~CK!tvG fun~f.o ~s e~,d po.ye'S in anyw~se entrvsted by a Ceu+t to a ReceiYer, and
s.ch appointmtr,t shall be made by svch Court as an ad•nittrd equity and a marter eS abso~utr nght ro sa~d A10RiGAGEE, a~d wrtheu~ reference ?o the
e~':r,~~aty w inadeqvacy of the va'.~t of the property mo~tgaged or to the so.ve~Ey G~-~n5Gl~fnty of sa~d /dORTvAGQR or the driendants, a.^.d that Suth
re•~~s, profits, inco=ne, issues and re.er.~es shail be app:~ed by wch Rece~ver accord~~ig to the :ian or rqwty ot s~:d MORiGAGEE and the prac+ice of such
Co u rt.
8. To do~y, prompNy and fuliy perfo~m, d~scharge, execute, eF+eu, complete, con:pty w;rh and ab~de by erch and every the stipu(ations, agreemeMS,
:o~drtions a~d covenanTS ~n sa~d promissory note and tn:s mcrrgage srt iorth.
9. That in the ew.~t ~he ownersh~p of thz morrgaged prem~ses, or any part the.cof, beco~nes vested in a person other than the M~JRTGAGOR, the
: ~FTGAGEE, irs successors and asslgns, may, wirho~s netice to ~~e MORTGAOR, deal with wch sutcessor w successor i~ interest w~~n reference to this
1~~e•+gage and ~he d,bt hereby secured in the same ma:,ner as w~th ldortgagor w:tho~t in any way vit.ating or d~scharg~ng ehe Mcr~gagors' liab~iity he:r
:•~der w upon the d:b~ h.~.~:;y srwrcd. tvo sa~e of tF.e Fremises hereb~ moitgayed ard no 4orbea•jnce en the Fa~t of ~he /1iORTGAGEE o~ its successors
,r ass~gns and no rxr,•~s:~n o` +he t~me for the pay-re~r of the debt hercby secu~ed aiven oy 1he P:tORTGAGE`_ o~ its successors or ass~gns, ae~all operate
ro ~e~ease, d~scharge, mod~fy cnar.ge or affect the or~g,nal liao:;~ty of the R~ORTGAGOR liere~n, e~~her in who~e or in part.
10. It is spec:+~ca~~y agreed that t~me i: of the essence of th:s conrracr and that r.o wai~er of any ob' ga~:on hereunder or of the obti9atan se-
cured hereby sha:~ at any time ~hereafter be he:d to be a wa~ver of the terms herec;f or oi the instrvment ae:u~ed hcr6y.
11. In sda r o- ~o rhe forege ~~.7 r. unrhiy paym:nts of pr~r.c pal and ~~trres! requ~red by ~he prom ss~ry no'e s:cu~ed her:_b~, mortgagor eovenants
d agr~es ~o pay r~ mortgagee v.~th each ,,:o~vh{y pa~r.~ent an add~nonal sum es~ ~~:a~ed by roo+tg+gee to be ey~al !0 1, 12 of t:ze a~nuaf cost of the fof(ow-
~ '~~,,•f •
~ ~ ]~f
j A-A+i rea! ~~cper!y taxes le•n>c or assessed aga~•~s! the above dssa~'.:rd rral estate. y~ ~
, . ~ •
; B P:r- , s on f~r_• ar:d :.~~ldsto•~n ~ns~~a:ce as ne:c~n requ.n~d to br ca~n..d cn the .~^rroveme:its s:!ua!e on tha abov~~~sei~p~~h~yse?C"
~ C-Pre~r ~ s oo s~:h rro~ty:ge gua~~nty icsura~ ce as m~:tgagee sha I fro~~ .~:~e to tln~c de~:m fit ro carry an the ioaA~sQcored;,heie~y~ ~ ~ -
' Mort a ~ s~, ''~cm t~:nc to ti•±:e r.cri~ -:no~t ~ er ~n wr:r,n of the a~~ o: ~~t d.,e and a-ab~e he~eundar and s~ch su~+i:sha~-~ ~oe~ Y~~ a;+d
: 9 9~'- r 6 9 9 P r
~ able on the cf•~e ~~te cf rfi~ next ~=,omh:y pay•,~r.,~ and each successiie Tor~tfi thereafr~r ucti~ mortgagee sha!I nor.fy t+~ojt~a~w ~~n,._ ur~vth
cu~L $uch wms sF ^e a' d b mert a ~ toward the a~ ment of rea ro rt taxes, insura~ue 'eR..ums, aed~J-~ {~lr~nce
; . F- t" Y 9 9•' • N i P P" 1 p• '~'B°i~ tY N
~ c•~i~ms. . V .:O~1,d~~R~+~~':~
y year first aforesaid. ' r;'~
IN \"JITr~ES~ : P_pi ;he MORTGAGOR has hereuroo set his har:d and seai the da and ~ ~
g Sigrud. Seat nd eT~+ in ce of: B V1~
z _ kt.,LILED AMD RlCORQE9 BY ~ . a~~
~ -ROCER
PO TRAi~~ 'k Crain, si GAti ~~a~~
~ CIERK CiRCU1T COURT C Attest: ~~,q
~ / z~ --ItECIIROvERiitEG~ ry e Crain, Secretary t~a~
~
~ - ~R 39 ~'7~
~
~ ~TATE OF FLORIDA 2 0 6 6 y p ~OUNTY OF ST. LUCIE
~ I HEREBY CERTIFY, That on this _day~oi'="__ 1"j~'~h , A.D. 19~_,
~ before me rsonall a Jack Crain ~
pe y ppeared - _ and Z"~~ ~e Crain
~ respectively President and _ Secretary _~t~
,~~~;;b~~ ~
~
~ _ Buccaneer Buildin~ Corporation a__ _ _ Florida______ _ ~o ' ~ ' `
- - FpoRat~o~i,;tq~~J-I
icnown to be the persons described in and who executed the foregoing instrument, and severally ackn,Avykdg~ ~jib ~i'
' . • -
,~~.N '
_ _ cution thereof to be their free ad and deed as such officers for the uses and pursoses therein mentiqnscf; a~d /hatj~1~ ~.a:
~ : y
: - ~ .,t J. ;
: affixed thereto the official seal of said corporation, and the said instrument is the act and deed o~ s r~abt~C~ :
' " ~r.~4°,`.x'';,~w ~
~ `.`?ITNESS my hand and official seal at Fort Pierce , said nt n fate. '"~'r,.
~ This instr~nner~t prepared by -
Jame s D. Chastai n ..e~w
; ''irst Fe~eral Savin s and Loan Association
~ of Fort Yierce, Flo2~'ida - Notary Public, in and for State and County aforesaid.
My mmission Expires:t~OTARY P~~LtC. S'1TE GF FtG~.:,:.i SI LA~io~
~ h1Y.CO"„?„1;~'ci'v's; L:{riri;~ ~~:;v. i9~ lyi2
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40i1L+L[~ iNHi,,;vr1 F.~~LU Sti. n~F4~ElMOHO.
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r~ Checked By
eoo~ 191 673
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