HomeMy WebLinkAbout1954 J. To pl~c~ ~nd contlnvo~siy k~ep on th~ bu~Idiny~ now or h~rsaf~N ~itu~~~ o~ ti~;d Isnd ~nd on ell eq~tpnen~ •~d perwn~tty co~~red by ~hii matQ~ :
p~, wilh dl premiums ~hc~wn p+~d in full, liro insur~nc~ in tlw usval ttsnderd poGty lorm, in a wm app~ovcd by the MOR~GAGEE, a~d w~~ditam F
imur~e~c~ in 1M ~swl ~tanda~d pol~ty fam, in a sum app~ov~d by M+a N10RiGAGEE, i:? ivch co.n~~y o~ compa~~es as ~M MORIGAGEE may
dinclj ~nd ail fi~~ a~d windstorm ins~renc~ policies on ~ny of ~~id bui~d~nqt. ~ny intersi~ tMrein o~ wrl thereof, in ~FN ~qyrcpare ~um ~for~taid o~ ~
In ~xtN~ ti~ereof, ~h+ll tontain Ihs wusl ftand~rd mW~9agt~ tlauw or futh o1Mr tiauu as fh~ Mortqage~ may reqwr~. ma?iny ths loft unde~ fa~d polb ~
ci~s. tacA we~y. p+rebte ro sa~d AlORTi,AGfE a~ its iniereti r.~ay ap~sr, ir.d E3Cfi ar.d every ;ucfi ~:,:;.q ihall bt ~:ron:p~ly eu Q~ed a.u~ ~QIiv4~KI ~o
any held by ~id MORTGAGEE ~s turiha iecwity to s~id mw~pafle debt, and, oot less lhan len (10) day in edw~xe o! the eap~ranon oi eech poGty, to dN
u~•. ro ~•~d ehORiGnGEE a re~ewal ~hcrtol, ~o~tthN with • raeipl fw the pranlun? ot wch renewa~: a~d there ahall be rw Lro or w7~~d~ta~m ~n~uranc~
pl~c~d on ~ny oi s~id buildi~gf, any intereft th~r~~n a put Ihe~eo(. unlcss in ~M (orm and wi~h ~he ~oss payable as ato~es~id; ~nd in th~ event any ~um
of monty becomes payable und~t wch poliq a policie~ Nid MORTGAGEE ~hatl have ihs opt~on 1o receive and apply the teme on account o( the indebt~d•
n~ss s~cu?~d M~~by w 1o permil ~aid MORIGAGORS ro rKeiw ~nd us~ it p•ny par~ Ihe:eol fcx atncr pur~~osrf, Yl~II1UJ~ th-r, ui waw~•~g or ~n~p.ur-
inp ~ny puity, IiM o~ riyh~ unde~ or by vi~tw o~ Ihii mortqa9e; ~~+d in tM event ~a~d MORTGAGORS shall for a~y rea~on (ail ~o keep ~he sa~d premi~rs so
~nau~ed, a 1~i1 ro da~~ve. p~aoptly +ny of said polKies o( insuronc~ ro sa,d MORTGAGEE, or f~~! promptly ?o pay fully any prE~»ium rherala or in a~y
respatt fail q pNlam, diuharqe, eaetuts, t~~ect, tompkle, canply wilh and abids by thit coven+M, a any pe~1 hereo(, s~id MORiGAGEE ~nay p~ace •~d
pay la tuth iniu~ant~ or ~ny pa?t ~hereof wi~houl waivinp w af(~c~inp ~ny opr~on. lien, equ~ty, or righ~ unde. a by vir~u~ of ~hi~ Matyaye, •nd fhe
lull smount of escA ~nd ev~ry such p~ym~~t sMll be immedi~tely dw and payabie and sM1t bear inlcretl irom ths date thcrcol uniil po~d ~t the ra~~ ol
nme pN ce~?tum per annum and ~oge~her w~~h ~uch inte~ost ihafl tx secured by the lien o} this rrsor~gsge.
1. To pNmit, commit or iu(fN ~o wa~te, imp~irnxnt or deteriwatiw? of sai~! propcrty w~ny parl thrreof.
S. To piy all u+d sinp~la~ tM cost~, char~q and exp~nses, includinp + reasonable anarxy's fee and ccst~ of abstracts o~ ti~le, incurred or paid a~
eny time by said MORiGAGEE, becevs~ a in ths tvt~~ of the (ailure or~ the part of ~Ae said MORiGAGOR io duly, pranptly ~nd fu:ly pa~lwm, d~scha~ge,
eaec~t~, e(lecb comp~e~~, comply w~th and ~b:de by tach ~nd every ths atipulat~ons, agreements, co~d~tlon~. •nd cove~~ants ol •a~d p~a*~isao~y notc and ~h~~ ~
nar~9p~ aoy w e~~her, ~nd sa:d cosn, charqes •nd eapense+. each and every, shall be immed~e~ely due and payeble; whe~her w no~ ihrre be not~ce d~r ~
msnd, attempt lo colkcl w iuit pendirg; ~nd the full amount of each end tvery suth payment shall bea. interesl (rom the date ~hereof until p~d ~t Ih~ 3
~are o! n:n~ per cemum per ~n~ium; and alt said coa~s, cha~ges and eapenses irrcurred a paid, together w~th iuch inte~est, shall b~ secwed by the I~en of th~~ i
mortya9e. '
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6, That (a) in ~he eveM o( any beeach of thi~ Matyaqe w default on ~he part o( ~he MORTGAGOR, or (b) in ~he eve~t +ny of sa:d sums of money ~
nerein ~ei~rad io bv noi r.;+r ++n# tu:: +ci w~th~n t~ ~rt 3J; -=z= `='Y~•=~~+ N'y~hlw; wi~Mul demand a noNce, i
V ~"'Y Y i++ i i ~y': . ' ,
or (c) in the eveM each ~nd every the ttipula~ions, ~gr~ementi, conditionf and covenants of ae~d prariaw~y oote and th~s mortpape eny- a e~~hcr +re nat f
~uly, p?omptly and iully perfonned, d~x~~?yed, execured, eftected, con+pteted, complied with ~nd ab~ded 5y, then in rther w any fuch evanl ~M ia~d ag •
flr~at~ sum mentioned in sud promiasory note then remaining unpa~d, with intcresr accrued, and all rnoney~ sccured herrby, fhali bccome dw •nd pay- {
able (athwith, o~ ~herea~ter, at the oprion of said AtORTGAGEE, as (ully and comple~e~y +s il a~l of the sa~d sums of money were o~g~~~~ly s~~pul~red
to be paid on such day, anything in sa,d prom~sswy r+ote or in this Mat9ye to ths conrrary notwiths?a~d~ng; and thereupon p therea~ter at the opuon of
ta~d MORTGAGEE, without no~~ce a demand, suil st law a in equity, ther~fore o~ therealtcr begun, may be p~osecuted ~s if sll moneys sacured htreby
had matured pnor Io ds ~nstitutWn.
' 7. TMt in the event thal ~t the beginning of p~t any tims pe~dirp any suit upon this Mortgage, o~ to ~o~eclosa it, w ro reform it, or to enfo~ce ~
payme~t of any da~ms hr.eurxler, aaid lNORTGAGEE shail apply to the Court having junsd~cnon thereol (ar 1he appo~ntmenl of a Receiver, tuch Covrt shall
Forrhwi?h appo~nt a receiver ol said mat~aged prooe~ty all ~nd sirgut~r, includ~~+g aU a~.d s~ngvlar the ~ncome, pro6q, issues +nd ~cvenves irom whatever
se~~ce dc~ived, each eod every of wh~ch, if benq exQreuly understood. is he+eby mortgaged as if specd~cally set fo~th and destnbed in ~he yraminy and
habend~m tlsuxs he~eof, and such Receive? ihall have all the broad and effective funct,ons a~x! powers in anyw~se emrusted by a Co~rt to a Rcteiver, and
s~~ch sppointment shall be made by such Cou~t ~s an ad~eitted equity a~d a ma~eer of sbsolute r~ght to said MORiGAGEE. ~~d wi~hout reference to ?he
adequacy w insdequacy of the wfue oi the p~ope~ry mwtgaged a to the w~vency or insolrency of u~d MORiGAGOR o~ the delendants, a~d that such
renrs, proFin, income, issues ar+d revenues shall be spplied by such Recr~ver accord~ny to !he lien w equity of sa~d MORTGAGFE sr.d the practice of such ;
Coutt. i
8. To duly, promptly ~nd fully per(am, d~xhar9s, execute, effect, complete, comply w~th and abide by each end every the ~1ipvlations, agreernenti, ~
conditions and covenants in sa~d prom~ssay note and this mortgage ut fwth.
9. That in the event the ownersh~p of the mortgaged prcm~ses, a a~y part thereof, becomes vestad in • person o~her than the MORiGAGOR, tM +
MORTGAGEE, in successors ~nd assgns, may, withovt rarice to the MORIGAOR, deal wi~h such successw a iuccessw in interest w~?h ~eference to th~s
mo+tQage ~nd the debt hereby secured in the same ma~u+er as wiih Mortgsgo. withoW in any way vit~sting or d~xha~g~ng the Mwtgagori liability hera-
unde% or vpon the debt hereby secured. No ule of the prem~xs hereby mo+~gaged and no forbearance on ttu pa.t of the MQRTGAGEE or its successws
o. ass~gns and no extens~on of the time fw the payment ot the debt hercby accured given by the MORTGAGE~ or its s~ctesaors w auigns, slutl optraq
~o ?eteast, d~xMrge, modify change or affect the org~nal li~b~l:ty of the MORTGAGOR he.ein, either in whok w in part. _
10. It is spec:fKaliy ag~eed that time is of the essence of this contrac~ and that no waiver of any obt~ga~ron hereunder w of the obligaYa~ ~e-
cured hereby shell af any time thcrcafter be held lo be a waiver of the terms hereo} or of the instrum~nt tecu~ed herby_
11. In add:+~o~ to the fwego:ng mo~thly payments of princ'psl ~od intertst required by fhe prom;sscry rw!e secured hereb/, mortgagor covenants
and agreea to pay t~ mo'tgagee v~ith exh momhly payment an add~~ional sum esumated bi mortgagee to be equal to 1,`12 of tha annual cost of t}?e foliow- i
ing:
A-All reat Moperty tsxas lev~ed a assessrd aga~~st thc above described real rsta+e.
8-Prer.:~wns on f~re and windstorm in.surar.ce as herain required to br carried en !he ~mp+oveme~~s s~t~ate on the above described premises.
C-Premiuma on such mo*tgage guaranty ir.surar:ce as mwtgagee shal! irom t~me to ti~ne deem Eit to carry on the loan secrred hlteby.
, Mw~gagee sh~~l !rom r~me to time notify mortqagor in wrinng of tbe amount due and payable hereundar and such su+n shall ther~ppp~~~~~du~e snd
; avable on the due da~e of the next monthty payment and each succqssive mon~h thereaft~r ur,tit mortqaqee shatl nor~ty mortgag~~~~ ~A,svt~l?-
a•~~ouN. Such sums s~a:l be appi~ed by mortgagee toward the payment of reai p~opert~ taxes, inwrance prem:ums, and mor(~y~ ~~~~r/r,ce
o~emiumt. ~ y.~~~~-,~ ~
. E4 ~
~ fN WITNESS WHER~OF ~he sa~d MORTGAGOR has hereuMO ut his fiand and seal ~he day and r f' t aforesa~d. O•'~'~ ~ -
; ~ s~~a. .,~a~r~N~a a~~ of: f ~EO ~NO aECOaoEO Y STR _ _ ~ -
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j _ : . WCIE COUNTY FLA• .
~ nocfa Pa,Ta~s m ~
f CLERK C?itCU1T COUR : ~ :
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~~641
~ STATE OF FLORIDA COUNTY OF ST. IUCIE
tt
I HEREBY CERTIFY, That on this day of , A.D. 19~L_,
before me personally appeared _ ~uy ~l aTii!
soipocti~r President ~ ~ , of ~
€ '
~ _ Uell~ Constrttction Ca~pat~ a_______ Flol~ids _ Corporation, to me
Y known to be the persory described in and who executed the foregoing instrument, and ws~ca~ acknowledged tF?e exe-
~ cution thereof to be free act and deed as such officer~ for the uses and pu~ses therein mentioned; and that they
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: affixed thereto the off"~jal~ sseh.vt.said co?poration, and the said instrument is the act ar.d deed of said corporation.
~ ~~~•~~u~tii~~ '
~ WITNESS my hand ~+H ~f#i~l ;i~a~,,at Fort Pierce , said county and tate.
~ • y~ f•-r...•~
~ . Ttl~ iT13t.T1~ ~~l~'t~; JO}1D 1~• COu~IIB '
t:
' , ~ ; -
~ First Feds~h]i;~~~:~~n Association Notary Public, in for State and County aforesaid.
~ of Fol't PfQ~Zi~ " My Commission pires: / 7 ~
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~ :'rt-' ' .~.a:~ ru.,IK. Sbk oi fto~~6 19~
~ .~i~' ~'C_ a: ~ C~~~~
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~ . ~...eh
~ Checked By ~ ~
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~ goaK 1y2 1950
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