HomeMy WebLinkAbout0456 To plx~ and con~lnuo~sly keep on t}u bu~!~~ng• now a h~:e~iiK ~,rwte on sa~d land snd on ai~ eq~~p,nent and pers~~~~lly covered by thi~ m~at~g~
sg~. with ~II prcnuu,.is ~harron pa.d m Ivlf, fue insurar,ce m ~h~ vwal ste~dard po~~cy torm, in a su:n ay.aruved b~ N~e IAUR+GAGEE. a=~d w~~ds~orm
~nw~ancs in tha ~~swl a+andard pc.!.cy for~n, in s s.~m app~e.ed Ly ~he MORIGAGEE, in such canpany or taoFan•es as ~he A~O~iGAGEE may
duect; a~+d aU firs and w:nJsro~m fnw~ance po~~ars on any of sa:d bu•id.~+gs. any ~ntar?t ft~r,em or ~an :hr~eol, in ~he iggn•ga~e sum ataeia~d or
in eYCess thereof, sA.~l~ cu.~tam ~he ~wal sra~+d.?id mortyagee daut3 or wch o~hcr cl,~~s~e ~s ~he Mo~tyayee m.~y ~eq~.re. ~~ak~ng ~ha ~oss wxJr~ se~d po16
c~es. each a~+d every. payab!e ro se~d .~1JRIGAGE; as ~ts n.terest m~y appcar, a~d each arx! e.•rry soc~ p~:~c~ sLoll Ix pr~.uNtty axg~~rd u,d de:~YC«d ~o
any heid by sa~d ~tORfGAGEE as funhr~ secunty ro~s~d ~~~w~ga~a deb?, and, no~ leas tii,~n ~~n t101 da,s in sd:a~::a oi ~h~ eap~.et~ai o+ nech ~,oi~cy, to cir
hver ?o uid MORTGAGEE a ftti@WJ~ ~hereof, toge~htr with a r~~ce~pt fw iha prem,um ol svc1~ ~enrv~ai; a~:d ih..•re s!~ali br •~o f.~e or w.,,dstor~n ~nsurancr
plsced on any ol +e~d bu~!d~~gs, any iotrrrft IF.erem a part tf~rrcoi, vn!rss ~n ~he (ann and w~sh ~he ~oss payau~e as afc•esa~d: aRd ~n the ev•nt any sum
ol money beco~+es payab!e v~xler such potecy a pol.cies said MORTGAGEE ahall Mve ~hr ort.on ro rcc_•~.e a~~J ap~'.~ the sa~ue .+c:uurn oi ~hr nKltbtrd-
ness secured hereby ~ ro prrm~t sa~d AAORSGAGORS ~o rece~ve ~nd use it or any part ttk•co! lo~ o:~~.r ~.u~;:.s.s. ~::.n~,..f th.•.u: .:r ~~~~~,.~r-
irg any tq~~ty. I~en or ~~9h1 wxler or by virhx of this mo:~gage; and in the event s.~.d MC~TGaGOkS sh~l! for any reasa. (ail ~o tetp ehe sa:d p~em~ses so
~nw+ed, or fai) b de~~ve~ p~anptly any oi s.+~d po~~urs of insurance to s~~d MOAiGAGEE, o~ p:a~~psly to pe~ fu::y any p~r~nw~n thcrc4w or ~n any
ros~xct fait ro per}arn, d~scha~~e. eaecute, elfec~, complefe. ca~pty w~~h and aA,de by eh~s covenant. w any pa~~ twreot. sa•d MvRiGAGEE m.:y piace a~~o
pay Iw such insurance or any part thertai witAout waivirg a affecting any ~tion. lie~, equ~tr, or r.~h+ unJe~ u b/ vireue of ihis Mo.~ga~e, and tht
i~~t anwun~ of exh and e.ery such paymem shell be ~nunedufely d~,e and payable a~xi sheil baar 3nT~r.s? hwn tha dera ~hercaf ~nnl ~a~d at the rate oi
n~ne per crntum per annum and ro3<:i~r~ v.~~h such incerest sha~l be stcured by Ihe Gen of th~s mwt9agr.
1. To pe~m~t, commit ot svfFer no weste, impairmcnt w dctrriorat~on ol sa~d propaty or any pat the~eoi•
5. 1o pay alt and singvla~ ~he costs, charges and expensrs, includieg a reasenable attanrr's fce a~~d cosrs of awt+ads of tit;e, incuned or pa~d a~
tbr.e by sa~d MORIGAGEE, beca~se w ia the eve~t of shr fa~lure on ~ht oan of the aa~d MORiGAGOR to du:y. ~ronptiy and fully pr~fum. d~scha:ge.
~ie.~te, tfiett, tarrplete, Comply w~th a~~d ao.de by each and e.ery the st~pu~et:ons, agrre~+~c~~ta, co~d~nons. and cove<~anrs o( se~d p~o:n:sso~y note e::d ~n.s
„orrgage a:~y w e~~her, ai~d sa.d costs, cha~ges and expenses, each and every, shall tre m~~.~.:d~atrty due and paYab:e; v.he+her or not rlxre tx no'~ce d~
r.,ar~d, aeen•pt to co.Iect o. suit pe~~d.ng; and the ful! a~nnu~~t of each a:~d eve~y svch pe,ment aheit bra. mterest from t~e dare ~herrof unril pa~d s~ the
p~ •:,na {:e~ centum pcv an~wm; and au sa~d cosis, charges aeid taprnscf inC~rred or pa~d, toye+hrr ~~dh suCh mtetrst, th.tll b! secured Ey the 1~en of thq
mortgage.
6. ihat (a1 in thr evenl of aiiy (ueach of th~s Mortga9e w defaulr on thr part of the \10RTGAGOR, a~ ;b) in the evrnt any of sa:d svms of money
~erein referrrd to kx' r.~t pr„mptly a~:d i~ily pa~d wnh;n ~h.r~y ~3J: days nc~f ar~_-r the se~+,e se.e.a::y ueco~•~e d~e and payab!e, wittwut de=nand or nonce,
o~ (c) in thr ever,t each and erery the shp~:ations, agrterr~NS, cond~~w~~s and core~ants of s~ d ~~om~ssory noie a..d ~h.s mcrtg~ge any o~ e~she~ are not
i~'y, promp~ly anii fufty pe~forrr,ed, d.achargPd, executed, eifected. co~nplered. ~ompi~ed w~~h and aL~dad yy, then ~n e.thrr a any such event the s+~d ag
~~egate svm menno~.ad ~n sa~d prom~ssory ncre thrn r~ma~mn9 ~:,pa~d. w~th ~ntrre;t acc~urd. e:,d a~t r:,o„eis secu.ed hereby. shatl becc+ne due ar.d par
ec fortAwnh, a rherrafee~, at ihe opt~on of sa~d 1~1~RiGAGEE, ~s fu;ly and canp!e~e~y as a~i oi ~t+~ ss:d s~ms of money ~nere w~g~na:Iy s~~pu:ated
!o b~ pa d on s~Yh dcy, anyth:^~ sa d p.o~msswy ~wte w in this Alortgagr to the cem•ery not.~~thsrar.d~~=g, and fhe~eupon or tt~reafter at the opnon ol
s~.d MCRTGAGEE, v.~+hov+ nonce o. demand, sun af law or :n equ~t+, therrfore a therraf~er brgun, may be prosec~trd as if atl moneys secured hero6y
n.~d rnawred pna to ~ts ms~~±~non.
7. That in tFx evef~t that at the bcginn:ng of or at any r~me pend~~.g any surt upon ~?~is Mortgsge. o~ +o for~~tose it, o+ ro re~o~m it, or fo enforce
oatiment ef a~y c:a~~ns ~creu~~dc~. smd MORTGAGEE sl~a;i app!y to tht Court havu~g i~r..d cf.or, t~.:~•of to~ the aNpo•nimem of a Rece.ver, svch Court shad -
rcr.hw~~h appc~nt a recr~~er oE sa~d mortgaged yroorrty alt and s~ngu;a., inc ,c! nq a:~ and s:n3_:a~ ~~+e ir~:o~ue. p~oF~ra, nsues ar.d re~enves tro•n whatever
s.~•ce dr~ivrd, each ar.d every of wh~ch, ir be~n9 exp~ess!y undrrsTOOd, ~s hereoy mo+~gagcd aa a~ec+~ca,~y set fcr~h a~+d descr~brd io the 9ranr~ng and
hahendvm cia~xs he:eot. and svch Rrceiv. ~ shalt have a~l ihe br~ad and e4iecT~ve funct u~s and pwwers :n any,n~se emrusted by a Co~~t ro a Recriver, and
s. ch appo~nnnrm shetl rc made b~ svch Co.,*~ a: an ad~hittrc eq~~~~ and J mdttl~ of at~so:urr r:gM to sa~d A!OkTGAGEE, and w~ihout reference to the
acieq~acr or fnadrq~acy of the value of ~hc p:o;xrty mo~tgaged o~ to ~tu so.ve~c~ or ~nsc.tc'nty o( sa~d htORiGAGOR w the detendams, and cha~ svch
r~~s, prof~ts, irxwr.e, ~ssves anti rever.~es sha~i be app:~ed by svch Recr~~er ac.ord~~~ to the f~en or rq~~t~ oF se~d MORTGAvEE a:~d the prachce of suA
Court.
8. To du1~r, promp~ty and 1ul!y perforrn, d~scharye, eaecufe, effect, compiere, cor*+ply ~;~rh a•~d a?;de by each and every the stiputations, agrceme~fs.
:ond,t~prs and covenants ~n se~d prom~ssory nore and th:s :~•ott9~3e srt }orth.
9. That in the e.rnt the owne~sh:p of the .nor!gaged preR~.ses, or any part therecf, teco~ncs vested in a perwn ather than the MORTGACsOR, tl,~
MORTGAGEE, ip seccesson and asvyns, may, v.thout nor;ce to the t1JRTGAOR, dea; wnh such wccrs~or w successor •n ~r.ter~st ..~th reference to thu
r o•fgage and fhe debt ?~ereby :e~~red in the ssme ma~~rer as w.fh M~rrgago. w.fhout ln any way vit.a~~~g or d~scha~y!ng the IAortgagori I~.o+tlfy he.r
~:~drr or uFon .~he dri,~ ~~r~r~~ sc:u.ec:. No saie of fhe prern.ses hereby ~:.o~}gag~d a^d no fo~:;v~ra~ece en ihe part of fhe Id0£T'vAGEE o+ its s~cceisers
c.~ ass~g~s and ~o e,e~rrs~o~ et th~ f~me fur tfx aaymen~ of th. debt henby secu~ed g~.en by the h10RTGAG:~ or ~ts succe:sors or assgr.s, aLa~l operate
ro ret2ase, d~xharge, mod~fy ~nange or ailett the o~~g~na! I;aa..:ty of ~he N,ORTGAGAR herein, eAher ~n whoie or in part.
!Q. It ~s s;.erf~ca:iy agre-d ~hat nme of the essrrce cf th~s conrract ~nd rh~i no waiver oi any ob''gar,on hereunder ~r oi the ob:gation se-
wred herehy shati at any hc~e therea4tei De heid to be a wa~~rr of the terms herecf p of the instrurnem sew~ed herby.
, Il. In a:id: t^e iJiC3u:~.~ •-:^tn'V ~ia~'•"^nts af prr..t:~ii ard ~n!rres~ requ~red i~y th? p~cm~iscry ne'e s:iwed 'ne'eby. ~not~gagOr covenanb
~ agr~s ro .,a~ to n,o-cg.+yec ~n~rh each r.~omh y pa,~ e•~t an add.•.a.~a~ s~*r. i•s• o*ed a~ ~-~o•fyigee tc br eq..a~ to 1 12 of ttje an:tiua7 fq»~,~fe follow-
~ t-.
•r
I ' /~r'.
~ A-r~l: rca! prope+rr Taxrs le.~_d or asscss_ci ag~~•ur tr_ aF•o~e desc•~~cd r,a+ esrare ,~r.~-..~ ~ .
.
~ g_Fr:-~z:~-,s o~ f~~e and ,r.~:,d~'o-••~ ~nsu•a~ce as nere:n req~.red ro be ca~r~.d cn rhe ,:rove~n~~fs s~r~ate on the above ~ Sd~ ~em'se!•.
i
4 C-Pre~r•:,^ s oo su:h rce~rgsge qua.a:~ey ~csw•a~ ce as mo•rqagee sha:l 4rcT r me !o +:~r.e deem fit +o carry on the lo~w ~ve~,herTl~}ii
`
Mor+gagee sh~' j•-.-~ n~,:e ~o t.~,e ner~fy mc•tyagcr ~n wn!,ng of tFx a-•o,,~t d.:v and payab'e he.e~,narr and wch sa~seutf thpr£s,pon b~ d,~•nd
~ .,,;h~e on shr d„e da•e of +1.e r,.r ~~,onrn : pav~^•".t a~~d exh success~re ~r.o~.th rhe~eafr~r ~,.r;: mortga3ee sF.all not.fy ~r~~q of i.change in sueh
~ i,~~.t. Sich su:ns s~.+.~ i:e aH~ ~eci by merrgag~r ~o.~a-d the pa~rv,ent oF reai pruperTy ta:es, ~nsuranct Wem.~ms, a:rd :niort y:.9wranty i~iu(aeKe
:
~•~~-,~vr.~s. - `
IN ~YIT"~i~S LVN=_~E:7F the sa~d MORTGAGCR has hereunto set his hacd ar seal tne day and year first af~esa~d. <J',1
~'~S ned, a::d -.a.! ~~the resence of: ftlE~ AM^ aECORD~ ~~N r~~'( ~ I~~r~~,,-
~ ~ ~ / g - ; ~ P Si.111CiE C~UNTY f lA. - . ~
~r~~ l~r~~- iiOCE~ PvITRAS By ~
~ CLERR t~aCUIT COUNT c a U. ines , Jr , Pres de~t~~~
- RECOPn vEPiF~EO - .
- - - - `N * ' est ~
tr c ~ A. nes, Secretar yl5~~o
~U~ Z~ IO OS w ~ 2reasurer
2126'~5
STATE OF FLORIDA COUN7Y OF ST. LUCIE
I HEREBY CERTIFY, That on this ci~ day of .7uly , A.D. 19=11_.,
before me personally appeared Wayne U. Sines. Jz. , and - Patricia A._ Sines
respectively President and ~ Secretary-~easuzer _ of
~ _ WAti1N6 CGNS?RUC?ION COMPANY a Florida Corporation, to me
~
~ known to be the persons described in and who execu;ed the foregoing ~nstrument, and severally acknowledged the exe-
~ .
~ c~tion thereof to be their free act and deed as such officers for the uses and pursoses therein mentioned; and that they
~ affixed thereto the official seal of said corporation, and the said instrument is the act and deed of said corporation.
~
WITNESS ny hand and e~ficial seal at Fort Pierce _ , said county and e_
~ This instruvent prepared by
~ Jaaes D. Chastain -
First Federal Savings and Loan Notary Public,'ih for Sta~ and County aforesaid.
~ Association of Fort Pit~ce, Florida ;~Y ~m~ssion pires: ,C~~.~ 6~ 7' ;
~ Notarr Ps?bt'c. S'tatt ot Floriaa et la~qt ;
~ ' •
~ . M~ Co:~missan Expira A~•q. 6, 1411
~ ` 8cws~s 6~ Aw«'u~ FAr~ S~~~
~ Checked BY - . ' _ ' ~ ,
~ g
~ g~~K 194 ~56
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~ .
_ ~ :P.s
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