HomeMy WebLinkAbout1744 3. To pt~c~ a~d coroirwoushr kHp on th~ bui!dinps ~ww 0~ Aa~aftN sitv~q on said land a~d on all equip,un~ and pe~sonaily <ovNd by ~his narp~
a9~, w:th aU Mem;vmi iAe~eon pa~d in full, fu• :+~1WaMf u+ tFw uswl s~andud pciiq fo~m, in • wm ap~xove~ by tt?~ MORiGAGEE. ~~d wind~tum
inwranc~ in ~M viwl s~and~rd pol,cy lam, in a wm approved by ~M N~ORTW?GEE, in wch ca~~~y w comwn+e~ ~s ~he MORTGAGEE may
dintt; ~nd all (ir~ a~d w~oduo~re m~wa~cs policws on ~ny of s~id buitd,npti any imer~st tharein w pa~l thern~oi. ie~ tix a89.e9~~e sum ~fatsaid a
1~ ~:c~s~ ~hcreof, sAell conra~n ~he uw~l sNnda~d r,qrtpaga~ claus~ w such o~ha clau~e u tM Mcwtye~ ma~ reqvu~. ma?inp tne iou u~de~ s~~d po1F
N~s. e+cA aod •rery. p~v~~~ a+e~d A~ORTGAGEE as ~ts i~tere~t may ~pp~a*. and e+ch and eve.y s~ch pol~cy sMll be p~omFtly a~s.qncd a~+d delrverod ro
~oy hsld by iaid MORtGAGEE u t~r~h~v ~ecur~rr w H~d mw~~a~ debt, and, no~ less tMe teo (10) d~~a in adwrxe o( ~ha e,p~ra~~a+ of each policy, ~o d~-
I~ve~ ?o sa~d MORTGAGEE e renewal ~hereof, tope~l?a~ wi~h • receipt fw Ihe p~e~+iu~n oi such renewal; ~nd ~her~ s?vtl be ~o :~re or wi~.ds~orm insvr~nce
plated oe ~ny ol sa~d bu~ld~~+gs. •ny iate~esl U+e~e~~ or p+~t the~eo(, unleu in ~M form ~nd with ~ht loa~ paYabk ai eFw~said; and in the ev~nt any ~wn
of mwKy becwrws payabte unde~ such policy or polK~es wid MORiGAGfE shall Mw ~he op~~on tJ recrive a~x! apply ~he same on +ccount o( the ii+d~b~ed-
neu secwed hereby a w perm~t se:d Mt~RiGAGORS ~o recaiw And us~ it a uiy pa~t ~hereol fa o+h.r y~~~w~.•s. v.~iho~~ ~hx.ur walvin~ o~ anpa~r-
;r~ any pu~ty, lien w r~yht unckr or by virtw ol thi~ mo:spa~e: ~nd in ~M event w~d 1NORTGAGORS shall fw any reason t~~~ 1o kaep ~he aaid p?tm~us w
ins~red, o~ fail to deli~e~ pra»ptly ~~y of said pol~ties ol in~uranta ro said MORiG/1GEE, w fail promptty to pay f~ity ao~ prem:~:n Iherofw p in any •
respet~ lail w pertwm, discha.fle, e=ecure, e~fect, «vnplele, ca~p~y wi~h and +b~de by this covanenl, a~ny pa~~ hereof, sa~d MORiGAGEE may pl~t~ ~nd
par fa sucA iniu~ancs o+ ~ny p+rt thereof without waivinp o~ ~tlec~i~+p any opt~on, IiN+. lbu~ty. or r:gh~ unde~ a by vi~tw of ~his N~ortya~~. ~nd ~M
f~ll amo~nt of each and e.sry svcA p~ymc~t shsll be immediately dw and pyable and shal! bea~ interes~ from the date therco! ~mil peid a~ ~M ru~ of
n'ne per cenwm ~~n~~m a~x~ to~~thrr wi~h such interest sha~i be secured by tM lien of Ih~s ~+ar4age.
1. To psrmi~, commit w wtler no waste. impa'rrt+eM or deto+iw~tion ~f said property o~ a~y part Ihereof.
5. To pay and singulsr 1he co~ts, ch~r~q and expe~ses, indud~ng + ~e+son+bie at~wney i fee and cosfs of abstrat~s o( tiN~, incurred a paid N
sny Iime by said MQRiGAG:E, bccause or in the event of the iailwe on 1he part ol IM said MORTGAGOR to du1y, p~p„p~ly snd fully pe~focm, d.xharq~.
eaecute. ~lfect, canplefe, canplY w~~h and ~b.de by each ~nd every the st~pula~ans, a9reen,rnts, cond~+:ons, and covens~.~s oi aa~d p~om~swry note a~+d ~h~i
:nw~~ape any or enher. a.~d s.?,d co~fs, chargcs and eapenses. each and every. shall be im~nrdia~ely due and payable: whcehr. or not ~her~ be ~o~Ke de
mand. at~empt ro tol:eti w su;r pe~xl;~y; and tM iull anw~rnt of each ~nd e~ery such paynxnt shall bea. inrerest hwn ~he date lhereol u~ti! p~iu ~1 tht
..~te of n~ne per crnrum ~xr am~.,~i; arw~ all said coats, thuges a~x! eapenxs irKwred p p~id, ~ogather w~th such intere~t, shall be setured by ths I~ of thif
^act~+~-
Q That (a) in ~I+e evenf of ~ny lxeach o( th:s 1Norr9a9e a defsule on the part oI ~he MORTGAGOR, w:b) ~n the lYMI •ny of sa~d sums of enoney
heroin refe~red fo be not pron,pily a~+d fully paid wi~hin t::::~y (30) days ~ea~ :fro~ tFx aame severally bccane dve and payable, without demand w notice,
:n ?A. .~.~m ~ach an.i eve~y ~he s~iov~ata~. +g~sem~nes, ca+d~f~a~s a~d co~ena~es of sa,d promiswry no~a and ~h•s ma~page any or e~~her ue oa
luly. p~omptly and f~ity perlwmed. d.uha~ged. e~ecu~ed. effectcd. campleted. compncd w~tn ano suwr.l ;r. :hen 3:s c:F.cr x sz7 s•= A rwnr ~M w~d ag
q.egate wm me~fw~ed in ss~d prom;uory nore tAen re.naining unpa~d. with interesl xuued. and all mo~eys aetured hereby. shall bttome dw ard piy-
able 1o.thwiiA, cv rherea!rer, at the opt~on of ss~d 1NORTGAGEE, ~s folly and comple~ely as il ell of tl.e said sums o4 money were a~g~nally tupu:ated
ro be pa:d on svch day, antth~ng in sa.d p~om~~swy note o. in this Matgaye to the contrary no~withs:anding; and th~veu~wn or therea(~er a~ ~he optan ot
ss:d MORiGAGEf, w~thout notice o~ demand, svit at law w in equity, thc~efwe or th~veaf~er begun, may be p~ostcuted u it all nwr+eys setur~d hereby
had matwed pr+or to ~ts insntuewn.
7. That in the evcnt that at ~he beginnir.y ot or d sny time pe~+ding any wit ~pon this Matqage, or to facclose it, or to refam it, or to enfac~
p~yme,~t of any daN*+s he~eunder, sa~d MORTGAG'_F sM?I apply to the Cou??~hav~rg jur~sd~a~on ihereof iw ~he appo~otmem of i RKtiYlf, wch Court shall
Forthwith ~ppo~nt a receiver of ~~d matgaged Froor~ty at~ and singular, includ~ng ail a~.d s+igu~a~ the income, p~of~ts, issves and reve~ues from Wha1~rN
seufce drrived. each and every of wh~ch, it bc~ng exp?euly understood, is F+ereby mwtgaged as ~f speutiulty srt iwth and destnbrd in the grantinp and
habendum tla~ses he+eof, and s~ch Receiver sha11 have alt the boad and eff~ct~ve ~unct.ons and powers i~ anyw~se er.trusted by a Court 1o a RKtIVN. ~~d
svch appeintme~u s~sll be made by s~ch Cs>wt as an ad~itred e~qvity and a matrer oi sbsolute r:ght to sa~d MORiGAGEE, and w~thovt referente ro tha
edeQuacy a inadequac~ of the val~,e of ~he prope~ry morrgaged w to the so,vency w~nwjvency of sa~d MC~RiGAGflR a the defendants, ~nd ~hat such
rents, prof~ts. income, issves a~d rererwes shatl be applied by such Recaver accordu~ ~o the lien ot eqvity of said MORIGAGEE and the p~acfite of such
Courf. -
8. To d~hr, prwnp'!y and fully pKfoim, dscharge, execute, effect, compkte, comply w~th ~nd abide by each and every the stipulations, ~yreemen4,
conditions and cwe~ams ~n sa~d p+omissory eare and this mortgage set fpth.
9. That in the event rhe ownership of thr mwtgaged prem~ses, oc any part thereof, becwnes vested in a person othe? than the MORtGAGOR, the
MQRTGAGEE, its successors snd ass+gns, may, wirhout no~ice to the MORTGAOR, deal w~t6 such successw or svccessa in interes? with reference to thii
mo•rq~ge and ihe drbf herebr secured in the same ma~nec as with Mortgagw w~thoul in any way vitiatin9 or d~xha~ging 1he Mortgagors' liabi:ity htrt
ur.der o~ upon ~he deb~ hereby secu~ed. No wte of fhe F.emixs hereby mo.~g+ged +nd rw forbearance on ~he par~ of the MORTGAGEE or its successws
or ass~gns and ~o rxscnsio ~ of ~be nme for ihe paymeol of the debt hereby secured qivrn by the MORiGAGE'_ or its s~rccessws w asa~gns, shall operat~
ro re~eax, d.uharge, mod~ly clunge w effett the orig~nat liab~i~ty of the NIORTGAGOR here~n, eifhe~ in whde o~ in psrt.
10. It is spec~ficalty agrKd ~hst time is of ths esx~+ce of this contract and that no wsiver of any ob~~gation he~eunder a of the obliyation se-
cvred hereby aha~~ at any tirrK tF~erea(ta be held to be a waiver ef the terms hereoi a of the instrument secured herby.
1}. tn aad tio~ ro +i,e fwego ~tig mcmh!y paym-rts of orinc pai and interest requ~red by tF~e prom~ssory no!e secwed hrreby, mortgagor covenants
a~d agrees ro pay to n~e-~3agee v~~sh each moneh~y pay.^ent an addnional sum est!a,ated by rno.tgsgee to be eq~at to 1;' 12 of the annual cost of the follow-
~;,g: - ~ .
A-A~i •ea1 properry ta~rs lev~ea or assested aga~~st rhe above dexribed real estate. - l``
B-F._-~ ;,~„s on (~*e and w;nds~wm ;~surar.ce as hcre~n ?cqu:red to be carried oo the ~mgroveme~h s~tvate on the abeve d°rv.~bed ~~o~;~ .
.
II C-Pre:nic•~s o~ s~Kli mo:~~age goarantv ics~.ar.ce as mongagee shatl from t:me to time deem fit fo carry on the ioan secured ~
AAwtgagee sha ~~-um r~~ne to t~~ne nos~fy mortgagor in w~it:ng of rlce amount dut a~d payak+le hereund..+r and a~ch aum shltll, ~~lf~4pon b1~~`
; 3~abte on thr o~re ca:e of thr r.e¦~montb`y payme~t an~ each successive month thereafte~ uctil morfgagee shaH notify rtqitj~p} p~'i ch~tg~ ~ sfi?~
~••oum. Such su~++s sti. ! x apptied ~y mortgagee towa.d the payment of real p~operty taxes, insuronce prem:ums, and p~o[~i~J ~uar~nty ~1?twaw4;
Memivmf. ~ . - _ - - ` " _ ~
IN ~YIT!NEa :tiHEREOf the sa~d MQRTGAGOR has hereunto set his hand ar?d seal the da a~d yesr fi t " ' ~'w ~ {
~ ~ Sealed a~d de ~vered in the esence of_ b1F.I2 1BA ~I~ i. ~
~ ~ FIIED AN~ RECOROEO
~ Sj LUC~E COUMT~ Fl~ ~
- RQGiF 70~Tti~S e eon _ - ~
CLERK ~t3CU1T CC' jt es' • r~ ~ ~
~ - RFCGR~: VERtFIEO anc e eoni, eci~t.
-x~ -
JYIi! 3~ 1~ ~ 1 ~ ~ - - reasurer---- -
.J,~+ ~ 2 r"~3
i
STA?E OF FLORIDA COUNTY OF ST. LUCIE ii
1 HEREBY CERTIFY, That on this day of June , q.p. ~q~_, ~
before me personally aopeared Jr.seph Peon i and ~lanche PPOni ~
Treasurer ~
respectively President and Secretary - , of £
_ .'•tE~RYWE.~1Tti~F 7':vF,ST%tF-~T C.n. , Iti'C , a Fior ida Corporation, to me i
known to be the persons described in and who executed the foregoing instrument, and severally acknowledged the exe- ~
~
~ cution thereof to be their free ad and deed as such officers for the uses and pursoses therein mentioned; and ihat they #
E
affixed thereto the official seal of said_ oo~p~tion.~ br~l the said instrument is the act and deed of said corporation. ~
WITNESS my hand and off:cial seal at F~,P.~te. said county and state. '
i
rris :nstrumen- p:epareirl tiy . . ,n`.~x/-~-~~'L ~
J~~hn . ro? 1 ins . . 4 r~ '
i irst Feder:~2 S-vi-~-~s and .Lo:+.n ' Notary Public, in and for State and County aforesaid. '
- My Commis~ion ~pj~~qIBUC, STATE OF fLORIDA At IAN~E ~
~+ss:~ciat i~n ~f F~;rt Piercy;~,tl,or~d~ - MY C~MMIS~I~N EitPIRES SEPT. 23. 19T3
. • • ~ . . ~ le'1'iDE~ 111RU ~RED r. ~iE5iEU10Rii
.
Checked By ~ -
- B~ i~3 g7~ -
- +
=
~ - r