HomeMy WebLinkAbout0097 3. To place and ca~~~nuously krep on c~e L..~ .i~~•gs n.;.v or hrrrafter s~tujte on sa~d land and on afi equtpment and pe~sonatly covered by this ma
ege, wrth a~l prem;uns ~h..•~eun pad ~n i~,(, t~~e i~:s:;~~:~cr :n ~he ~w+l srandord po'~ty form, in a sum aHpru+ed by the MOR~GAGEE, and w~ndiio
~~surance ~n iha usual sfandard po'.cy form, in a s~m aHpro.~d by thr h10RTGAGEE, in such core~pany o~ c~ ~~i:an.-s as ~he h\021GAGEE m
d~rect; and all tlre ar.d N~ndstorm ins~~a~~ce po'~c~ri on a~~y of s.~~d build~ngs, any inte~ast iliercin or part ~hrrroi, i~ the agg~zgate sum aforesa~d ~
:n excess thrreoF, sh,~ll :u~sain the uswl 3ta~~.da~d mortg~gee cia~se or such aher c~.~use as ~he Mortyagee m~y requ.re, making the loss undr~ sa~d po
c~es, each and eve~y, pa~ab~e to 3a~d ~1JRTG.4GEE es ~te in~~~r~st may appear, and ea:h and every such po•~c~ shall be p~omplly asagned and delivered ~
any held by sa~d AIORivAG~E as (u~ther sccurity to sa~d ~~~o~~ya3e d~~ut, and, not ltss Ihan ten (101 da~s i+~ od:ance of the eap~'at~on of eech policy, fo d
i•ver !o said bIORTGAGEE a ~enewal the~eof, toge~her wuh a rece~pt for ~he premium of such rrnrwal: a~~d there shail ba no fue or winds~orm insuranc
pleced on c~y oi s,~~d bvi!d~~~gs, any intc+est there~n or Hair rhe~col, u:~'rss in tha ierm a~~d wrth the loss payab!e ~s aferesaid; and in the eveM any sun
of money becor~us payab:r under svch pelity or pol~c~es said P.10kTG.~GEE sh.~ll have the oNt~on to rec~~+e and app!y the sa~ne on account of the indebted
neas sew~ed hereby or ro permit sa:d MORTGAGORS ro recr~ve and use it or a~ry p. ~t th•r.coi icr o:~ .~r i:ur; ;;s_•s. .•~.~ho~t ~h w::~.~ ~3 c~ ~~:~p.;~~
~ng any equ~ty, lien or r~ght under or by v%rtua of this mcrrgaye; ar.d in the evem sa.d A10RTGAGORS shatl tor any rrason fail to keep ihe sa~d premiszs so
~nsured, or fail to de~~~er prompfly any of s~~d F=ol,c~as of inw~anie to sa~d MORTGAGEE, or ia~l p:ompNy to pay ful~y m~y pre~~uum theretor o~ in a~y
respect fait to pe~form, d~schaiye. executa, efFect, con~p'a~a, co.~.ply w~~h and ab~de by th[s ccvenani, or any p,~rr hareof, sa~d MORTGAGEE may piace a~o
pay ior such insur.~nce or any part thr~eof without warv~ng or aff~•:t~ng any opt~on, Iien, equ~ty, or r~~ht u~.der or by ~irtue of this hlortgage, and tht
t~ll a:noum of each and e.ery wch pa~i~:ant shall be ~n,rnrd~arely d~e a~id payabSe and shall bear interest trom tha date thareof until pa~d at the rate o1
n:rtie per ca:nWm per an~~u~n ond to~eN~cr ~~irh s~~:h i:~t~•rist sh~1i br s~c~;~d by~ ~he lien of thif mOttgag0.
4. ?e re:mit, tommit or suffer no was!e, u~'pe~nr+cnt or delrriorahcn of sa~d property or any parf thereof.
5. To pay a11 and sirgu~ar the casts, chargrs and e~F:r~u~•s, ~n:l~d~ny a rea;onabte anomey's fee and c~sts o3 abstracts of tit~e, incurred o~ pa~d at
~ny time by sa~d htORiGAGEE, because or in the evrnt of ~he 1a:iuie on ~he part of the sa~d MORTCiAGOR ro duty, pron+pt~y and f~tly perform, d:st~arge.
_.ecute, e4iec~, comp.ete, comply v~•th a~~d ah Jr by eacn ard e.cry the st~p~~ar.o~s, agreemeNa, cond~t~ons, and co.enanrs oi sa~d pro:n~ssory nare and ihfs
~~ortgage any or e~ther, and sa.d cosrs, char9es and exrenses, each and e+ery, shall be immed~ately due and payab:e; whe~her or not the~e be nonce d~
*nand, atte~ept to toi~ect or suit pe~zd~ng; and the f~i1 a.^••ount ot ea~h and every svch paymrnl shall bear interest f~om fhe date thereof until paid at the
r o+ ~une per n•n~~~~ F_r a:~:~~ aii ;~~d ccscs. ci.ar3es a:~:! .r:.r~~ses ~~xu:red or paid, toyether w:lh such interest, ihall be setured by the lien of th~t ,
1
mortgage.
6. That (a) in the event of any brcach of ~h~s MOrtydg2 or drfeutr on the part of the A10RTGaGOR, or ;b) in the eveM any of ia;d sums of money
~•~rein refer~~ to b0 nOt prc.•^~;tl~• and fu~ly pa~d v.~'i.:~~ t!:.~r~ ~.3~~' d.;rs nr.~' e•n•r the sa,~~e se.ere::y ~ec~~•:e due and payab~e, without demand or notitt,
~r !c) in the e~ent each and every the 5!~pu:at:eni, a3reamenti. cc '.d~!~oni and coverants of sa d pro~,,;sao~y note and th~s mortgaga any w e~ther are not
~~!y, pro~nptly and folly perfo~~r,ed. d schargcd, eiew<<d, etiected. com~:Ieted. co~np,~ed w~~h and ab~ded Sy, then in e~ther or any suth eveM the sa~d ag-
;regate su~n ment~uned in sa~d promissory ncre eF~~~n ~i-: a.:~~ ~g u:c;:a~d. w~sn ~~~tr~~st a:uued, and a;~ moneya setured hereby, shall become due and pay
~o~e forsh.v~!h, or rhereaftcr, at fhe op~.on o! s~.d ':•0~1GAv~E. as tu~1y a~d comp!e~ciy as if ali of fhr said s~ms oi money were orig~n~tly s~~pu:ated
, be pa d o~ scih d::y, anrth~ng m s~ d pro~n:ssory r.o!e er ir, ~hls .tilortge3a to the contra~y not.v~thst~nd: ~y; and thereupon or thereafte~ at the opt~on of •
s;.d MORTGAGEE, w~rFc~t no'~ce or dama~~d, su~t at +e.v or in e;;~~ry, th~refcre or therratre~ beg~n, may be p:osecuted as if al) moneys secured hereby E
n,d matured pnor lo ~ts ir.st~:uuor..
7. That in the event th3t at the h~ *inn ng of or et any Gme pend~~~g a~y suit upon th~s Mo~tgage. or to foreclose it, or to reform it, or to enforce
; ayment of any C~+~*~s hrre~nder, so~d 1.SvRTGA~EE s!•a:: s~-;:iy to the Ce,;n ha:~~:g iv~•sd r..on rh_r.of for ~he appo~ntmeM of a Rece~ver, tuch C.krrt shail
r;,~thwRh appo~nt a rrce~ve~ Of sa~d rt~ort3.=g~.: frn.~~•ri~ a:.; a:sd 5~~~~u~a~, i:~c~.vd ng a~i and s:ngu'd~ U~e incCme, p.'ofAS, isSuei dr,d ~even~es frOm whatever
s.~.rce derived, e.uh and every Cf KI1~CF~, Il ~e~ng r>p'css-y u~d_•s'vod. ~s F.ercb~ ni~rt3~ged ai if spet~fiCa~iy Set fOrth and C~escribed in tht 9rdnting and
~~~endum c auses hereof, a~d s~~ch Rece~.er sna ~ ho.r aie the 6~,:aci a~~d rlrzcr.ve fu^:r e~:s end po~.ers in anyw,se entwsted by a Cou+t ro a Recaiver, and j
s:h appe~n~r.~~„r sha~~ br n,sde ~y such Co.,~t a: an ad ~~~n~~d e.q~~~; and a na~~er of abso:vte r:ght ro sa~d MO4TGAGEE, and w~thcut reference to ti,e
r..~,yu;cr o~ inedeq~acy of the va;ue of rne p'OF<<ty r~o +_~<:y~-d or to the So ~ency ~r ,r.so wrncy o1 said M.ORTGAGOR o~ the def~ndants, a~d that wch
<~~TS, proi~ts, inco.ne. ~ss~es and rever,~es sha~l ce ap~.,.ed c,y wch Recener ac orci.ng to the :~en or rqu~ti of sa:d MORTGAGEE and the proctice of suth
Court.
B. To c~u'y, ptOmp!:y 3~d f;,:~y pe~~o•~~•, d~s:i~arge. exec.:r~-, ef4cct co•npicte, co~*;p!y a~!h ar.d abide by each and every the stipulations, agreements,
~ ;~ndA~ons and covenants .r. sa,d pro;-~;nscry ~:te c~;d ~n~s rr:,;rtga3~ s_.t 4c•t~.
~ 9. That in the e~e^s the o:.nr~sh:p of th^ n•ortg~y_d ~ren.:srs or any parf thereef, Eccomes vested in a person ofher than the MORTGAGOR, the
~
lJRiGAGEE. ~ts s~ccesso.s a•.d sss g~.s, ~~ay, ~.+.•t,.;v~ re~,ce te ttie .',JRT: :.~R, dea~ .v~~fi s~ch successor or s~,ttessor ~n iroerest ~vAh reference to thia
~ o•~gaoe m~d ~he d:o~ herrby secured m!he se~•~,e v:a:,~,er as +c~th :+.~%~aqo~ w.rhout ;n a~y .vay v~t.ating or d;scharg~ng the ldortgagori :iab~lity herr
i .,der or u~on th~ d:~tr herr'rr sec~:•_d- Ne s,.e of r±,e Fre ~.:ses n_reb, ~no~tgagc-d ar~d no fe~Dearance on ~he part of rhe /AORTiiAGEE w its successors
f ;,r ass•g~~s and r.o e~re~s.on of chr r,••,e ~or rh.~ F,eyn r;,T o+ t-,e drbT t~••re~~y sF•c~red q~.-en bv the PrORTGAGEE o• its wccessors or ass!gns, a1:at1 operate
! ro re~eose, d.schar e. mod~f ~hr.~ o. atied tne o:~ i,ac::a oi tne n',ORTGAGOR here~n, eEther in v~ho~e or in art.
~ ~ y y Q
~ 10. It is spec t!cai;y .~o~erd fhat t~~..e is cf the ris<~~.cr uf t~~~s co~tracr end that no vvaiver of any oo::gat~on hereunde~ w of the obfigatio~ se-
~ ~~,;r~ hereby s~a:~ ai ar;i tr.:e rn_r-a+ter be he:d to be a v.~~.r~ c~ the ter~r,s hereof w of the ~'15TfyTe~11 secured he~by_
£ 11 In o i .c * ror~.~c •-•onfh , ,~•s o' c,: a rnd ~ rr.~.sr re~u„ed by rhe prom sso~y ne~e sec~red h~~crb~, mo:t~~gor eovenants
?E .h ,.a~~ ,•h ~ r„ ai s,~~ cs• ~ aT..if 6 ~:o~r ~ ee to nr e a~ ro 1 12 of e.• an::.,ai cos~ of the (olion- :
3 d e3r_es t= r.~r to c.y.. j_~c ~ . . ~ f 9• 3
~ :
i ~._~''~i rca~'. ~~.•pF•., r t3.~5 O• dsi..•;.~~,i a'ci'~'~5• ti~.._ d:;JvP Uc'iC'~L;c~~ r.-]~ PS•dfn.
s
~ 5 F::.. ,.:~s nn t.~e _•,;i ::s•,..., ~-.s_~•:::_ ,.n r.q, cd ro br ca•~~•d ti,., ;:roveTe~ts s'~ate en the abovc d_so bed premises.
~ C-Fre r.,,, • i. i s. ;n ;•ae g.:.,~.;. ,rs. e~ os . c•r.~.+3ee sha:: `,c.,. e?o r,:~~ d_em fn to carry on the ioan sewred hereby.
~ No~!ga~re s~~ `.c ?e T~ ~ e ~:~~f, sg ~ n w~n:ng o~ fhe o~•ir d~~ and payab'e he~eundrr and such sv~~ shall thereupon be d~e snd
.i,.e o^ the c . +r ~ ~ , r a e.~~~ s.:,ass~.e ~~o••+h u~•:eaN~r u; r~l mertg3gee shall r.or.ty mo:tgagor of a change ~n such
~ . ,;nr. Su,~> ^s .:r j.:~ ~d : y _•r~:,. ~.,:..3 d t~~e F_d~+ rnt of rra~ ~~~~~,eity taxes, insurance pren,.~~ns, a~d mortyage guarenty insurante
r
g ;~~r~r.ium5-
~
~ IN 1'JITP;ESS :•'•'~ER:OF. th? sa~d `.'ORIGAGOr2 F.js here~~to set h~ d and s<ai fhe day and •ear (irst aforesaid-
~ \ ned, a~ed a~ e;ivered ~ e preser:ce off lLED AM:1 RECO~DEb ~ (~`Q]~'r ~
ST.lUC1E COUNTT FLA_ c~
~ " ROGf F 'rt1~TRAS ~ i •4
~ ~ CLEAK Ci:1CU1T COURT~1 . Sinea Jr. Pres
, ' - - ----RECOF~ VE~;FIEO...-~-~-- ~T i' '
` - - - StrtrAStr Z • !LG'Ll~isGC~ GG•_ (Seaq '
< - - ~ ~atricia A. Sinea, Secretar~r- ~,i~
~ ~ .
~ - . - - Nou 10 12 22 PM T I
aaurer ~
.-nTC oc c~.•oinn ;
~
ti zsgs~o~
~ ~TAiE OF FIORIDA COUNTY OF ST. WCIE
tu
~ I HEREBY CERTIFY, That on this __e~~.'__ day of-_ ~t~~r A.D. 19_T~ ,
~ before me persona!{y appeared _~1D~ Qs S1A!si!ti_•_ and _-_____paLTiC1t Si=les
~
~
~ respectiveiy President and - - - _ Secrefary- _~~~r , of
, . ,
~
~ _ _ W_aZns CoaatPUCtioD Cc~ia~- - - , a - - - - ~OT~ u - - - ~orporar'~n, tao me ; `
knawn to be the persons described in and who exewted the forego~ng inst?ument, and severally acknowled~pd the~exe~= ~
;ution thereof !o be their free act and deed as such oificers for the uses and pursoses therein me~tioned; and lhat ihey_
r ,
affixed thereto the official seal of said corporation, and the said instrument is the act and deed Of ~aid; co?poration. ~
• , , ~
WITNESS my hand and official seal at Fort Pierce F101'i , said c ty ar~d state. .'•t ~
Thia instrur~ ~?r~Par~d bl J. D. Q~aatdn ~ d n) - :
- lrirst Fsd~ral 3a a and Loan Associatio~n
v'in8 Notary Pu tic, in and for State and Count aforesbd. ~
' Fort Pierc~, ~lel`1dB My Commission Expires: J, ~`~j ~
rn~. .
.
Checked By ~ . _
~ - _
'`s
doRx 197 ~+~E 9? 1s