HomeMy WebLinkAbout2445 3. To ~'.+ce .~'.d co ~fim.:ous:: 1.rep cn !he d~~~gs nox o+ he~rafier s+tuefe on s.,~d !and and on oC eq.~ip:nent and personalty tOVered by this mq
+ 1~'. tv th ail , rr ,f ~hc~ion J~n 4u.~, ia.: ins~ra ,ea in ti~o ~S.+al Sta:~y~rd po;ic/ 4prm, in a s..•T~ a~;:•ev?d b/ the RtiOR1l~:.GEE. a~~d wu~dito
ti~r.,~,;r ihe us.:a~ s•a .da~d E~: cy ionn, in a wm a;.pro.ed by ~he MORTGAGEE, in such co~~~p~~~y or w~nr,an,es as ihe h10RiGAGEE m
i-~c~; and aN hre a.:d w~nd~torm n:s~~o~ue po,:c~rs on any of sa~d bui.d:ngs, any ~nterest ~hrrrm or pa~r thereo(, m the aggrega~e •u~» aloresa~d
~~.r~ss ih:~~cof, s>~.~!i co~:r.:~n ~he us:,rl s~a ~d.;rd ~nort~og~e uause or such o!her uause as the hlortgayee may reqv•re, mak~ng the +oss ~~~drr sa~d po
s, rach a~,d eve~y, pa,,b'e ro sa~d ~~tJRiGAvEE as ~~s ~n~erest may appear, and each an~ every svch po~,;y st~a11 tx prompf:y essgnrd a~:d de:~.e~ed ~
h~•~d i~y s~d A~OIi:;.4GiE as i,:r~her svcurity to aa~d n,octgagt dedt, and, not less than ten l10) days in ad:arce of ~he exN~~otion o+ each poi~cy, to d.
.~~r !o ss~d .'.1JR:C,:.GcE a rrnev:ul t1~~•~rof, toye~hr~ with a rete~pt for the p~e~n,um o4 iuth renewa~; and thrre s~~all he no f,re or ~r~ndsta~m insuranc
,:~d on any oi sa d b~~ d•~9n, any ini~-rest ii,~re~n or part ti~~r~of, ~nlrss in ihe form and w~~h the lost payab:e u afore~aid; and in the event any s~n
.~:o~~ey beco ~~es p~,ab:~ und~•r s~ch policy o~ poLc~es aa~d MORTG~GEE sfi~il hjve ~hr op~~on w rec_~v~ a~~d app:y r~i_ sa,ne on account oi the indabt~d
>s s.:_r~~d '~~•~coi or to p::~~ut a~~d 1dORiGAGURS ~o reteive a~d use it or any F~ar~ ~h:,rof fo. o~~,. r , osrs. ..~~r,o.,t ~h•,. u. .ti.:i.~ ,3 cr r•~p..~r
~ an~ .rqu ty, i en or nynt under or by virtua of th~s mcc'gagc; and in Ihe event sald M0~2TG~>GORS iha;l :or any reason fai! to keep fhe sa~d premises ~o
s~:~_d cr ~a~i io dr ~.er p;o~~,Nr~y any oF sa~d ~~Lc~es of insu~a~~ce to sad A50RIGAGEE, or fa~. yrc.mptiy to ~~ay fu.:y any pre~n~.::n iherefor or in a~y
~~,i fa~! ~o per?orm, d~;cf:,;.ge, e~ecute, effrc~, complere, co:nply w~~h and ab~de by ~h~s COY2~1,)Ot, O! a,r~ pirt h:~eof, s+id MURi':~AGEE may p~ace a a
ioi s~:~~ ~~~sw.nce cr any ~:a:t tha:eof wdhout wa~ving or affecting any opnon, Gen, eq~:Ty, or r~ghi ~nJe. or by v~~tue of rhis 1~1or!gagr, and tha
a::~c~n~ of ~„ch a~~d e.e~y such pay+nenr shai: be ~~T~~nediately dve and payable and shail b~,ar int~~rst Irom tha dyte thereof un~~l pwd at tne rate ol
;~•r c_~,•.; E er a,,~~:..~~ .,~,J r.,~:•~h:r ".~rh such cu~rest sna~~ be sacurrd by the I~en o( th~s mortgage.
.t. To per;,,~t, coc,R~~t or su`frr no waste, impairmrnt or deteriorat~on of aaid properfy w any part thereOf.
5. To p~y a,l and sng~;ar ihe ccst~, charges ar,d eaper•srs, ~nclud~ng a reasonable anomey"s fee and cosrs of abst~acrs uf t~tle, incurred or paid at
r uv s:~o ti`••"RT~AGEE, because o+ in the event of sne fa:ivrr on the pari of ~he said MQRiGAGOR to duly, pro~~p~ly and f~ily perform, d~scharge.
.,.,,e, ce;,~p:_fe, conF;iy w:~h a~,d eb.dr by each and every the st~o~iar,ons, agcee~nents, conditions, and cove:~anrs of sa~d pro~n~ssory nore ar.d th~s
;~:g,,~_ eny or e.~F.er, and sa d costs, charges ar,d exFenses, e3ch and every, shatl br ~mm~d~a~e~y due and payab:e; w`~e~her or not there be no~~ce dr
~~r ~e co,.ec~ or sun pend.ng; and the luil a~ne~m of each and r.ery such paymrnt ahall bear ;nt~~reit from t?~e date thereot untii paid at t~ie
~ ~,r ~:~C a~~ sa~d costs, cna~aes a•~d c~;:anses mturred o+ pa~d, toyether w~th wch ~nterest, shall be secured by the lien of thii
~,1~3y„ i
b. Thar 'a! rhr e.em of any breach of th~s 611o:tgage or drfa~!t on tF,> part of ~he h10RTGnGOR, or ;b) ]n the eve~t any of sa;d sums of money ;
-,n -e~:.,+,d r._ o-~ ~..;~•.;~eiy and fu~l~ pa:d ~r,rh~n th.rt~ ~30) days ~~eat a•r•_r ihe s.~ ne se.ere'iy oeconie due and pay~ble, wi~hout demand o~ notice. 3
in ~h, e.ent r,ch .,nd every the st~pu:at~o~:, agreements, co~:d.t,o~~s and cavenants of sa d Fio~nissory note and th~s mor~gage any or e~ther are not ~
~•o ~ c~~y a~~.i t„ .r ;-e•te^~:ed. d.sc~arged, etiPwtrd, etfec~ed cornp~ered, compi~ed vrah and an~Jed 5y, then in e,ther or any wch event Ihe sa~d ag
s: n ~~~r,,; r~~n s.~~d prom~ssory nc!e thrn re~~~a~~~~ng unpa:d. ~vi~h inierrst ac:~~ed, and a•i rnene~s sec~red hereby, shail bece~ne due and pay- y
"fr•h,.:nc r~~:~r:•a=c_r, ar ~ha op~~on of s~~d t.102iGAGfE. as fvi~y and cumpiere:y as if a'I of i!,e sa:d w~r.s of money were o~~g~na~Iy s~~pu:ated ~
J on s~~ch d.. ~~,,+h~^g in sa d pio:^~isory note o: in tii~s l~lo:tgaqe to the [ontrary not,v~thstand::~g: and thereupon or thereafter at the op!~on of
:.Y~CT~_AG_E, r. r:ot,ce or dema~~d, s.~:r at iaw ar ~n eqvrty, iherefere or the:eaTrer begun. may be prosec~tzd as if all moneys secured hereby
~ .:c~ F:~ to ~+s ~:-•.si~t~t.on.
7. :.~n ti,~ ~.~~,n ;~.er at tne bey+nring of or at any time pend~ng any s~it UFJn t1,~s f."o•tga3e, cr to fo~edese ~t, or to ~eform it, or to enforce
! u,~ e~ a^y ,.s h~•r_:•dar, sa~d tr,J2TvAvEE sha:l a~.c~y to rhe Co~n lia~:ng ~~r.sd.c'.on ~~_~:eut for ~hr appo~ntmen~ of a Rece~~er, wch Court shail
~,r ce~:rr of s~~d ~:ur+gag<d pro~~ty a!1 and singu~ar, includ ~~y a,t a~~d s~~ g~ ar r.:e ~:uon,e, proi~ts, issues ar.d revenues from whatever
~ d_•.~:y of ,nh ih. ~r br~ug exprr~ss:y unde~s~o~:d, ~s ?erei;y mo.!gagc•d as ;i spei.f~co.~y set fonh. and descnbed in the g.am~ng and
; .•...'s~ s''.. • of. C s,,cn Rrce~.rr sh~.l have alt the b~oad and efiecr,~e fur~,t c: s a~:d ro.~.ers in anyv.•~se enrrusred by a Court to a Retr~ver, aod
F s` : : ~e br s ch Ccuct as an aci,utt~d equ~rt and a matrer of abso:ura ~:gM to sa:d MORTGAGEE, ar.d w~thc~t reference to the
i c, c, r! _ va'ue of the prope~ry morrg,ged or to ~hr so.rrncy or ~n;o..ency of sa~d MORTGAGOR o~ the detentJantS, and that svch
~ c• •s, „.ssu_s end rr.er.oes snoii be app,~ed 'e~ such Rece~~er aaord~~~g to the t~cn or rqu~ty ot sa.d b10RTGAGEE and the practice of su.h
~ _~t.
4?o c.~e ~ a~d s:,:~y Fe~`o•^~, d.scha+ge, exec~te, effect. com.p~ere, co•;:~,iy ,h~rh and abide by each and every the stipu.ations, agreements,
~~.s d _ vs ~ s.~ d p:e:~:,asa y n~re a::d th s n.;;rtg3ge sr~ forth
~•.•r :r 'ne c:.^r•ih:p of the :r:or`~zged pre•-~:ses, or a~y pa•t t~erecf, becomes vested in a pe~son other lhan the MOR7GAGOR, the
~ .'R'.-~~';~ •s s`,':.>s_•s r:ci ~s> ^ s, ~ne~. v..~h~~t re~~ce to the ,•.',O^wTGhOR d~-a~ ..~th s.,ch svcceuor or s~cccssor m~nlerest wi~h reference to this
•y,,~e e~. c o,. ; s~•;.~rrd ~n the Same r:a~~nrr ai w.th f:.~rtga^yor '.v~thout in dny way vit.ating O~ dacha:g~ng ihe Mortgagot3' liabiiity here-
. c~ ~n rr. s:.. ~•.d No s.~ e of tt,e Fre~- ~ses l~,rebi rno~rgaged ard no To~c~earance on tne Fart of the /,50R1GAGEE or its successorf
_ ,"r d .>':~~~c~ •h•, . ~ ior rne rayn-e~~t oi ti,e drb~ i~ereb~ sr.~~ed g~v~~n 6y ~he .':,vR?GAG:E or its sv:cessors or a:s:gns, anail operate
d sc~,~ _e,• ~,.d 3_ cr a!fect t'~e o~,~:na! ;~cc..,:t~ of tne MURiGAGOR F,er~~:n, enner in v~hoie or in part.
i• , s: c' r o~~•rd rI•~' r.~ne is of the esse ce ef ~h~s co•~tracT a~~d rhat no waiver of any o: .gai~on hereur.der or of the obligat:on se-
- d fi•, _cy ~~o.. a! n•<~t., «,_•rer be c~-',d to be a.vn~:er of rhe tern:s hareof o% ot the ir~stru~nent secu~ed herby.
. ~ . _ • _ , ~ . i>a, , ,~~rs c' • ~ ;:ai and ~ _ ~ ,e ~ed 'oy tt,e ~••o•+~ sscry nc~~~ s~:~•rd h,~ab~. mortyayor covenants
s•_ . .:'i: i. e:• ar. o~ ~ o~;ai s~ ~ r,~ a~. c! br ~„e-~3~gee ~0 6F e:;J3! f0 l 12 0+ c;~r _,n;;ual cost of the foito~w-
~
. s..,_~ o, aSS:.~s•_;i ~y~;.s• r~_ at,~.•~ d<s~.;:,.d r~a~ es•a~e
~
_ i c ns~~ :e 3s i~e-r.n .•-q:. ,,d ro ce ca•,,. d c.~ !r:e rove•-~e~rs s:~::a!e e~ th~ a6ore d~sc~~bed premises.
_ F'-_ ~ s c,~ _h •~•~r;_~~ ~~a-z„1y ~ry~~dr.te as mo•tqagee sha l trc~r t me ro t: nc a~ en f~t to carry on ~he !oan sewred hereoy.
_ ro~ r~~cr:!, -rc•t,s~~• ~n r,r~•~ng of the a•: u~^~ d;~ ard payable hereund~r and s~~ch s~~~ sha I there~vpon be due and
~ .
, _ . . ~ f~ , F.. . a•:d e~,ch sccc:rss~ve mo.,~h ~r,e~eafr~r ur rt mortg~gee sha!I not fy .nortgagor of a change in su.h ~
- ~ ~ •~s _ . _ ...~~•:~y :-~c~'~~~,~_r towa•;3 !ne p;a~me~t uf rr3~ prvFe•ty taaes. ~nsvranc+_ pre~r..uns. a.~d mortgage guaranty ~nsurance
~s
T H~ J~ ~r.e sa~d '.tORTG:.G ;2 has he.eu~~ro set h;s har.d and seal the day and year f~rs~ aforesa:d.
S~jned Se~`ed a d de'~. K in the presence of:
~ f~lEO art0 RECORDEQ ~
~ ~
~ ~i- ' ' - - ST. LUCIE COUMTY FLA. ~ t ?t-c: n- ° • ~c "L: ` ' r ~ r~ (Seaq
ROGEP POITRAS y`. ~~en~.Tames zOVa VO
° ~L~ CIERK CiRCWT COUII?~ " (See1)
~ _ _ - - - RECOF~D VERtFIE~......~..~~ ~ ~ `~~C- ~~-'Q (Seaq
_ _ - - ' Y}/ VS VO (Seaq
: Nou 3 1140 ~
. ~ F ~2iSt. Lucie ~
:rr oF - - - - - - - ~ ~1S~o~
_ 6e'urc ~^e penc~,j ;y a,^pe,red - ----V~_nCeTlt JdIIe4 LOV82V0 - - and
~ _ MdZy~QY~YQ - _ his wife, to me we11 known and knorvn to me to be
.
~ ~_,...:d_a:s drs:~•~•_d ~n a~d v.ho exec.,ted the forego~ng instrument, and ackno,nledged before me that they executed the same for the purposes
-w 1ar Lovalvo
ex;
.ess_•~. ~,~,d inz ~ _ - - - - - Y
_ , c' «a s , •i Y~TI~_Q~1_~ _ _~d~sP,~ _1.OVdIVO - - upon a eepa,ate and privete
c, s•~.-a~ote a:~a ao.+•t 4ro•n her sa~d husb~~d. acknc~.~:ed~ed to a~,d bef~re me lhat sh~ executed sa~d ~nsTrv:r~~ent frreiy and volun-
- e• y s en, co.:str;~;nt, apFrehens on, ~r iea~ of or fr~m her said husoar.d.
A. D. 19?1
- t~ . ~ SS ~ i , i 3~ A c!' i' scai tl~:s - ~
~ - - - da~~ °f--- N e -
~'~~im~ z-<~ -
- , Notary P c in and for the ~ate of Ho~ida at la~e
- My Com ~ssion exp~res: G~ / ~ ~
' h: ,'•l TC .
' :.5' F•:G_`r3~ 5~.. ~S a iJi~~ ASS~~;.~'il~ .
` N0T4RY PU^~ IC STATE OF FI ORIDA AT LARQ!
~ ~ ~dY CO'•t'•1!SSI(~N EXPIRES AUG. 6. 1975
' ' " ~ GENERAL INSURANCE UNDERWRITERS. IN~
T:; ; in;~r~-••,ent Prepared By ltitII. E. Braui! .
F~r;t fe:;;r,, ~.a~ ~,qs & loan Assoc~ation ,
of F: , P:erc~ F'lorida , ~ '
' ~ ' : i. ~ : i ~ y " - - - - 1~, '
~
aoRx ~~fi P~c~z44 ~
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