HomeMy WebLinkAbout2949 3. To place and continuovsly keep on the bu~'d~ngs no~v o~ herrafrer i~tuate on s~~d !and and on a~t ~•q ~y>":rnr and penona!ly co.e~ed by ~his mong-
age, W~Ih all pre~iuu~nf IhirBOn pad m fulf, i~re insuran:e ~n thc vs~al sta;~:~aid po!~Cy fo~rn, in a sum ~}N~o.cd b/ th~ ~1UR~v:~C,EE, a~~d wmilito~m
~nsurance in the ~s~al s~andard poLCy iorm, in a wm app~o~ed by fFr MORiGAGEE, m svch co~np~ny or w~n;:an~es ai thr L1CkiC;AGEE may
d~rrct; ~nd aU iiro and w~ndsto~m insurrnce {wik~rs on any o( sa~d b~~(J~ngs, any ~nte~est thrre~n or ~;art thrrrof, in ~he a~gr_gaee sv~n aforese~d o~
~n excets ~he.eof, shall cont~in the usva! s~a~~d~~d murtgagae ctause o~ wch orher ciause as ~he h1u~~yayee may rry~.re, molmg n~r ~css ~ndrr s„d poli-
c,es, lech and every, pay~b!e t0 sa~d A10RTGAGEE dS iti inleres~ rnay appea~, a~~d each and c.ery auch F>.~ :cy sl~ail br ~~rornNt:y ass y•:rd m~d d~.n~rrd t0
any held by said MORfGAGEE aa lur~hur a~c~rity ro sa:d rr,o~egaJe davt, and, no1 1ESS than Wn 1tU) d3ys ad.~~uc ol th~ ex~nr,~~o~: ot cach ~,:,V~cy, ?o dr-
I~~er to ia~d A10RiGAGEE a renewal thereuf, toqether wnh a rece~pt for the prrm~um of wch re~~r,..~'• a~d tt~r~e sh,,;! b_ no hre o~ .~.~~~~s~o~~n ir,surance
placed on any of said buiidmgs, any i~vcresl there~n or part ther.•ot, unlcu in the (o~m ae~d w:~h d~r ~oss ~ay~ule as aEo~esaid; and ;,t the eyent any sum
oi rr~ney betonus payab~r under s~th po!~ty or poLues sa:d MURTGAGEE afi.ill have thv oF,~.on to rcc_~~:~~ a~ J a{ip:y tt,r se~nr on accoont o( the u~ilrbrrd-
nezs secured herrby or to permit sa~d MORTGAGORS ~o receive and use it or any ~,,~~r tl~..:r~f e~„ e:,,. r _s~; +i, ~;r ,~.p.~•
~~9 any equ~ty, lien w right u~drr or by virtue of this necrrgage; and in fhe even~ sa.d A10rTTGAGURS sha:~ :or any r~asun fa~l ~o ic~•ep the ea~d pre~~~~s.~• so
~~~sured, o~ fail to deGver p.anp~ly any of aaid {wl,c:es o1 inswan~e ~o sa~d MOR?GAvFE, or t.,,; ~,~~m~.r:y ro ~ ay tu!'y any p~o~n~.,m ~h.~~•for or m d~,y
.es~ect fail to perfwm, d~scha~ge, exewte, effect, comple~e, compfy vvi~h and ab~de bY th~: COYen,frtt, G( any p.,~r h,~reoi, a.rd MvRI;,AGEE ~nay p:ace a a
pey for such insur.~nce or any part the~eol w~thout waiving or affecting any oyhon, lien. equ~~y, or r;_~h+ un:fer or b~ vlrt~e of fh~s Ne~tgaga, and thc
f~;i amount of each and e~ery such paymenl shall 6e ~mmediately due and payabl~ and shell b~~ar int~~r st from tha date thcr~of ~nt~l p„~d at the ~Jts o~
~^e per centum per a~in~m and ro~eth~~r ~vrh suth ~+rte.esr shaL he srcured by the lien o1 th~s mortgagc.
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1. io peimit, tommit or sulfer r.o waste, impair~nent or deter~oreGOn of sa~d p+oprrty or any pa:t th~,~rof. -
S. To pay all a~d singul~r the cests, charges and eapenses, induding a~easonabie aitor~ey's Fer and cests of abstracts of ti~!e, incwr~d or paid at ~
eny t~•r~r by said MORiGAGEE, because or in the ever.t of the fa~iure on ine part ot ~he sa~d M~Rii,AGOR to du(y. pro:~~prly and fu:iy prrform, d~scherye ~
e.~c~fe, effece, cwnplrte, cornply w~ih and ab.de by each and every th~ suyu~aT:ons, agree~,~cnts. cond~~~ons, and co.e:~an~s oi sa~d pro•~~~ssory nute ar.d tl~~s
~~or~gage any o~ e~ther, and sa.d cos!s, charges and expenses, each and every, shall be ~m~nrd~atrty dve ond c.ay:t,,c; w,h:•+her or not eFer:e be nohce d•-
~,~a~~d, atrrn,pt to coliec~ o~ suit pe~~dng; and the f~ll an,ount of each ar.d evrry such p;~,.m,•nt sha~! b~.v <<~+.~:esf f.~m the dare thereof ~nri1 pe~d a? t1~e
oj n:ne per centwn pcr an~wn; ~nd a11 sa~d Costs, tnarges and rxr~enses ~nc~rred or pa~d, to.~.:It~er ~r~th wch u~t,.~:est, ihell be sccured by the iien of ih;f
mortgage.
6. That (a) in the event of any 6~each of this 14~1ortgage o~ defauh en ths part of th~ 1!pR7G~?G~'R, or ,b) ;n rhe evcnt any of sa d su~ns of money
hrrein referrrd to be not pron+ptly and lu~ly paid ~v~ti~in th,rty ~30) d~,s ~~c..t a•r~r the s.~•~~e s~~~ere':y Leco d.;e and pa~at,!e, w~eh.~ut den,and o~ notice.
i:) in thr e~ent each and evcry ~he stipu~a:~ons, agreements, to~~d~no~,s and covenama of sad ~~,o~~:~swry ~~~;,r a~~d ~i~s nwr~gagc a~~y or e~~her a~e not
~~~ly; prompNy and tuIly perfOr~ned, dscha~ged, exet~ted, effected, completcd, cornNi;ed v~~th and a'.:~~1 J Sy, ehen e.~he~ or any such e~. ~t the sa~d ag~
~regate sum mem~oned in ;a~d p~o~n~ssory nure ~hen remaining unpa~d. wrth m~e~es~ aco.,~d, a~~d „~i mon~•,s sec.~~rd hereby, she~l 6eWine d~e and pay-
e forthwith, er tnerea~te~, at the opr~on of sa~d 610RTGAGEE, as tuily and co~T~p[etely as ~f a1~ oS +hr s.~:d su~ns o( money wcre or,guia~ly st.p~~ated
to be paid on si~th dty, anything in sa.d pro:n:ssory note or in this Ailortgaye to Ihe cOnttdry notwithst3nd~„g; a~~.d thcreupen or ~hereaitr~ at Ihe option of
s~~ MORiGAGEE, w~tFcut not~ce or dema+id, suit at lew w in equ~ty, therefore or tl~errafter 6eyun, n~ey be prosecvted as ~t ail moneys sec~red hereby
n_d mar~red pr~or to ns insntW~on.
7. ihat in the event fhat at the beginn~ng of or at any tirne pend~ng any su~t upon th~: Mortgane. c~ to foredose if, or to reform it, or to enforce
~.iyment of any cl~:~.,s he•e~ndrr, said h1pRTGAGEE sha~i app!y to the Co~rt hav~ng ~ur~sd.ct on tha~~ut `.o- the a~~po~nt~nent of a Receiver, suth Cc~urt ihaii
r_•rh.vith apFwint a rece~ver of s.;id mertgagrd properfy all and sing~!ar, Jnciudnq ~~i ar.d s::~guar t!~e ~ccomr, prof~il, 1SSUG3 acd reYenues fron whetever
s; ~~.e derivcd. etch and every of v~h ch, ~t be~ng expressiy undrnrood, n Ferrby mo~f3agrd as ~f spec,i~~aiiy set forih and descr.brd in ihe grar~r,ng a~:d
h~bentl~m cia~sea hCrs~pf, and s~ch Recewer shat~ have ai! the broad ar~d rftec~,ve fun.r.cns and pewers m an~vv~ae eretruurd by a Co~rt to a R.cr~ver, a~~d
s.ch apFOintment sha~t be made by s~ch Court as an ~d:~~itted ~•quiiy and a mar.er o4 a~.;sol~re r~ght ~o sa~d MORiGAGEE, and v~~thout reierence to ~he
ede~va.y w inedr:;~acy ot the va;ue of the property mo.~gaged or to the sovency or ~nsotvency of sa~d MORiGAGOR or the deiendanfs, and tha~ wch
~a•,rs, prorrrs, income, issves and ~evenues shaU be app;~ed by such Rece~ver accord:ng to the i;en or equiry of sa~d MUkTGAGfE ar.d the prachce of such
Court. '
8. ?o duly, promptly and fully pe.form, discharge, execute, effect, compiete, co~*~ply w:th and abide by each and every the s!ipufations, agre¢mer.ts,
conditions and covenanrs ~n said prom~ssory rtote and th:s mvrtgaye set (orth.
9. Thet in the event the owne~ship o~ the mortgaged prenvses, or any part thereof, 6ecomes vested in a penon o+her than the MORTGAGOR, the f
MORTGAGFE, irs s~ccessors and aas~gns, rrtay, wlthaut nor~ce to the MORTGAOR, dea! w~~h s:;ch wccessor or successor [n inrerrst w~~h reference ~o thts
~~o~~gage and the debt hNreby sec~red in tne same mannzr as w~rh 1:So~tgagor w~~hout in any way v;t;ating or d,scha,gi~g the 1llortgagors' liabit~ty he.e.
~-..ier or upon the dcbt hereby secwed. No sate of the Fre~r.~ses hereby mo~tgaged and no farbearance on the part oF Ihe !110RiGAGEE or it3 wccesson Q
or assg~s and no extens:on of the t~me for the payment of the deb+ he.eby secured given by the MORiGAGE'_ o~ its successws or ass~gns, ahail operate
ro retease, d~scharge, mod~fy change or affect the orig~nal liab:;.ty of the MORTGAGOR. herein, either in whaie or in part. ;~~„~~j+~~~,,
10. N is spec~ficaliy agreed that time is of the essence of th~s coMract and that no wafver of any obllgat~on hereunder or o~~dt~~at~?
cvred hereby sh~~i at any time thzrealter be he:d to be a wa~ver of the terms hereof or of the lnstrument secu~ed herby. '~,....,,~~~1`~ ,
il. In add f en ~o the forego month'y payments of p~r.;c pa! and ir.terest requ~red by the p+om:ssc•y no'e s~curcd hereb` ~
~~d agr~es to pay to ~:o-fgagee with each monihly payr~~ent an add~r,onal sum es~~:• ated by mortgagee to be equal to 1 12 ut the a~ • r o f II~
F
- ~ ~ .~5~ f • r
A-Ait real prope.ty taaas lev~ed o~ assessed agai•~st the aba~e described real estate. = 0~' ~ C~
`7' ~ •
B-Fr~.^..~o:::s on f~re ar,d .v~r.dsto•in in3u~acce as here~n reqv.r~d to be carri<d e~~ fhe ;rnr.oveme;~rs s:t~ate on th~~ above d=sG' • A(~~ .
C-P~e~-~::, ~ s o~ s~ch morr~;ge g~aranty msurar,ce as mortgagee shail frc~~- t~re to t~me deem f~t to carry en the loan secur~~r y~ ,
Martgagee s^~'~ E~om t~•n: ~o t~rne netify mortgagor ~n wr~r;r.g o~ the ar:o~~~t doe and payabte hereundar and svch su~n shal! t~f~d'i'IL~bp~a~`~ ~
cavab!e on +he doe ciare of fhe ne,et month!~ paym~~nt and each successive mo^!h thereah.r ~ctr, morrgagee shaN r.ot:fy mortgagpr,,,o% <
~unt. S~ch su«~s s~ a•'t,e app.ied by mortgag.~e toward the payment of real property taxes, ins~ra~~ce prem.~ms, and morigage` 9~~ ~~~~i1~~ `
,"f•niUmS. ~~l~1111~~ ~
IN \Y/IT~/JC~S 'J':HERiOF. the safd MORTGAGOR has here~nto set his hard and seal the a ear first aforesaid.
Sigp~p Se ~ed and de;' er ~ t p~ese~ce of: A ?I ~ MINI S RPORA?SD
ftLEO AwD RECORDE ~
S?.lUC1E COUNTY Fl • g
_ .c s~c,/ ROCER P0ITRAS P ziCk. B. a , P esident
^C RK CtPCU1T COUR1 (Sea1)
Y RIFIEO L6S (Seaq
t A. La lly, Se ary
wl . ~ a (Seal)
~tR ~0 R5 ~~'T ~ - - . ~ - - - -
2t~82n9
STATE OF FLORIDA ~OUNTY OF ST. LUCIE
1 HEREBY CERTIFY, That on this n~G~-day of April , A.D. 19_~_,
before me personally appeared Pattick B. Lally and Judith A. Lally
respectively President and Secretary ~ , of
ATLANTIC OONDOMINIUMS INCORPORATBD , 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 officers for the uses and pursoses therein mentionec3; and that they
affixed thereto the official seal of said corporation, and the said instrument is the act and deed of said corporation. {
WITNESS my hand and official seal at Fort Pierce , said tON?~fy a state.
This instruaent prepared by ~
Wn. B. Braun
First Fedezal Savings and Loan Notary Public, ;n ;j~ ~t~ ~q~,1 Gounty aforesaid_ ,
Associat ion of Fort Pierce, Rlor ida My Commissiop~ p'~~~"`'' i 9 7i x
~ ~ . o ~~1f ~ • ~
" ~?~~~~~4- ~ - ~ .:TI
Checked By - ' `f~•`'Y T' .oi~l~d,a ~.....b : ~ . .
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