HomeMy WebLinkAbout2667 To p'ace a~~d com~nuous~~ I~eep on '1ie b.:. d.".gs or hr~~~.~j~er s~~~~~te o~ sa~d :a~d and on ali eq~~p~»ent and persana~~y cove~ed by th~s mo~
nye, w;t!~ all pre~,~u•ra Ihrreo~ ~:ad ~n f~ii, I~re ins~~a•..e ~n ~na .w.+~ s•~+~~.~~d No~c~ form, in a s::~r+ a~.p~oved by the h10R~t~F.GEE, and w~ndsto
,nsurante in the us~al s'anda~d po~.cy fc•~~, in s sum aF~.ro.rd ty the MJRiGAGEE, in s~th compa~~y ot COmrd~.Cf as the A10RTGAGEE
d,rect; and aH fire and w~nds+orm ~~su•a~ce po:~c~.n on eny oi s3•d ru~ d ~gs, any inie~rst the~e~n or pa~t thereof, in ~he agg~egare s~m afo~esaid • ~
in eacess theroof, shnl! :on~~in ~ne usuzl sta ~3ard mortg.i~ee c.a~se or wch oThe~ Ns~se u ehe Mortaaoee may requ.re, mak~ng the ios~ ~ndr~ u~d po I
,~ea, each and e~e~Y. Payab'e +o said 1~1JR1vAGEE as <<s ut~rr~s~ n aY appear, a•~d eacn r~~d e~ery- u~ch p~,ci shall tx promptly ess g~~rd and de~~ve~ed ~
nny held by sa~d h10RiGAGff as fwme~ secuiay io aa~d ~~~a~y~~e d~ot. a~~d, no~ •e?s ~har. ~e~. d.~,~a ~d..~~ue of ~he eap~rat:on of each poi~cy, ?o d~
~.~er to sa~d MORiGAGFE a renewa! thertoi, toge+her anh a r~ce•~~~ !o• ~he p~e.• ~um of t~ch renerai; and ~}~r~e sha;t be ~o f,re or w~~,ds~a~n ins~~anc
F:laced o~ sny of sa~d b~~!d~~gs, any in~erett the~e~n or pa~~ fF..r_-of css ~~e fcnn a~.d r~ih rhe ess p~rau'e as ajo.e?a~d; and in ihe eveM any fun i
of money becomes pa~able under s..ch po!~cy o~ pol:ars s~:c.' .ti~Jk:i,:.:~:E ~~s.ro ~hr o~.• on to ~rcc~~c o~~d ap~ y the aa~»e on ac.ount of the ind.:bt~d }
ness securrd hr~eby or ro permn ~a~d MO~TGAGC7R5 fo r~c~,:e ~ d.,se n or ,•,r •t ~r : o~ •c, c, .e~a .1.~c~•_r ~nr~ ci .~~~•~,3 :r ~~~,pau i
:ng a~y equ~ty, t:en w nghi u~dr~ w 5y v~r~.,e o~ ~n~s mc~~~.s~r: a~ ci ~n ihe e,~nt se d MJwT(~i.GUR~ sh.i'1 `or any rcason fa~l to kecp ~he sa~d p~em~srs so ~
~nsured. or fail ~o dei~.e~ promptly sny of sa~d po~.c.r~ ct ,.,a.. ~~~u }o s.+d MJwTvAvtt, c~ p~~•~:t,r.y ~o pay fu•:y any p~e~n:,;•n fherefor or in a~y
rrspect fail to perform, d~scha+ye, eYCC~re, e~~e:t, con•p e~r cc ..~~h e~~d .+b.de b~ ~i~.s ccve•~r or an; ~:s•f h~~rror, s~~d h1GRT3AGEE may p~ace a~d ;
pay fo~ such insJtante W any parl the~eo~ w.~Fwut v~a:...~~ ur arfr.~+:~~ onY e~' cn, ~~r~ ey~ ~r a~ r.y1~. ur~e• or by v~rt~e of th~s h\ortgage, and thE {
t~,;~l •mOVnf O~ each dnd Ntty s~ch pa~n;ent Shntl be ~~.:n~<i,etr~-~ ~-.-r a.+d pe~oL~e •~~.d Sho.t tkdr ir:l~riSt }rpn~ thd C~ati 1~~C~cOf unlil ~a~d a~ ~h! fdt! O~
.r:e per cenfum per annum and 1„3r:h.i w~•A s~~:n ~n•c~~:sT 1:.. ,~.1 ~nr :.tn o1 th~s rcortya~e.
1. To ptrrnit, eommit o~ s~(fer n0 v~a3'!, ~n.4a,rreev or d~tc r,. c` sa4 t'c~rrty w any part thereo~.
S. To pay all and fingu~a~ the [ests, tharges e-d e~, r s••s ...1• o,~ ,er e a••.;:~~e: a icr a•~d ccst! of abstracts of titie, incurred o~ paid a1
j~y tune by sa~d MORTGAG`E. because o~ m rhe e~e^• o~ " t'.t o• d.ti`~ATupG~~C eo C~u Y. p~0'••V1{y and Suiiy perfwm, d~schargs.
e.r:~fe, efiect, compie~e, ccmply w.~h a~•d at, Je by e~:n s~ d...~, « ~t , s ey:~ ~.~•s so ci~T~o~~s a,d ccre:~a~•+s c~ sa~d p~an~ssory ~ore a~:~? ~h~F
..~o:~gage any o~ eaher, a«d so d coi!i, cha~~es a~~d r~.~~u.•s •a r~•.+T~ r d„e a^d FeyaL n; v.h.ther or no~ fhere be nonce de
r.a~:d. anempt to co;:ect or s.;~t ~,~d •,g, a~:d rhr a...., f • . , y : • . ~ •t c~a~ •crrsr ?:om ~he dafe thereof until pa~d at the
• - o~ n:r.e per cen7„•n p~~r a;:~ .,~r, a~~ sa~d ::~•s :r: ~c! •t •r ~ '~y~ a'r th s~ch .•~terrst, shall be sKUred by 1hC i~en of thif
mottgage. ,e
6. That (a) in the evero of a~y brea:h of th~s Yo•lga~e a: d. • o-~ i• .'J:.:~~'•G: R o. ,:~1 ~n ~he eve~t any of sa'd sums of money
herein referred to be not pra~,p}~y a,:d tu.t~ ~a~d ,e . ce.c •,r L.,e end peyab!2, w~~hout demand or norice.
;c) in thr evem each and eve•y the st,rv a•~ons. a~•ec~-•e: ~s .r•:a o' se n;.o..•s::; r,o!e a+~d th.s mortgagt any or e~ther are not ~
j,,:y, promptly and fuliy perfo+med, d s:!~a~ged e.et~+rd e"cr_d ~.d+ res a• d ac 3~d ~i, ~hen sn t•ther w dny s~[h eveM the sa~d ag-
~•egate sum merr,oned :n sa+d pro~~.~ssorr n,.re rner. r •,a~• . 3 . , .i -.~o .•.d ~ . ,•w.+~r,s se<u~cd hereby, sha~l becume due and paV'
a~.e fortF~w:th, or thereaf~er, a+ fhe cp•~o^ c+ s~~d A1v`4~v~.S:i as .,..:c ; c•r , ae ~t e. oi n~r s~ d w~ns ei mooey were or~g~na~ty snp~tated
o be pa d on wch d~y, anylh~r9 in s~ d~:e sswr r.c~~ o. tr.~ c. w,' a•~ ~~+s •*.s}3 a~•d there~•pon or thereafter at the opt~on of
sr d MORTGAGEE, v.~thout not~cr o~ drma:~d, s..~t at •a.~ or e~-.T, •i~;~~r~..:r'o• ~}•e~~s•+~r br~::n, mey .he p:osewtrd as ~f at~ moneys secured hereby
r,:d mat~lr~ pf~Of to ~tl ~nshtutto~l.
7. That in the e.ent that a~ tne beg:nn.~g o+ w at a~~~ T~~• a;<~~d g o•~~ ! ~ Fo~ •~~:s !ro~ra,ge. o. to forec!cse ~t, or to reform it, or to enfo~ce
Fa~mcnt of any da~ms he~eundrr, sard r:OR1ui.;,=_E sFa': a~ H, ro tr:<~ C_~•~ ~•,..~y ; ~r. r.o~ ~herc~ot for ~he appo~Mment of s Rece~ver, such Court shall 4
ic.~!hwith appo~m a recei1e~ ol sa~d r:ortgagrd p+oprr~r al: a~d e~•~_: a•. ~_.~.i 7>• c~•;~ ar rr ~^com~, proE~fs. issues a~d ~e~e~~es from whateve~ ~
r~•,e drrived, each a~d every of ,~h.ch, rt be~~~g exc:~:ss'v ~~~o~-s~~::: ~e ~*c •,;+a~•o as ~f 6pec•hta~;y set forth and descr~brd in the graming and 1
+~endurn da~ses hereof, and such Rece~.e' shat~ have a.~ +he ~-.ad a.d r'•~-,• 1.:^cr c;• s a~~d pe~e:s in anyv.~se envusted by a Co~rt to a Receiver, a~d '
s_ cn appointme~~t shaU be made by such Cou*t as an ad •:~~+rd ~q.: a.i e~rer c+ abso u+e r,gnt ro sa~d h50RTGAGEE. and w~shout relerence to the ~
. ~•~quacy o~ inadequacy of tF.e va:ue of the pro{,~e~ty rno~!g~geo or ~o ~hr so .<~~cr e~ :nso .enc~ ~f ~a~d MORiGAGOR a the defendants, and that such i
•-~s, profits, inco,ne, ~ssues and rt~er.~es sha~l be apY.~ed by such kec_~.er zc.or;i.•zg to the lien w equity of said MORTGAGEE and the praUice of such ~
.r0uT1.
8. To duly, prpr,pt!y and fully pe•Eorm, d~scharge, exec~te, effr;t_ ca*+pi~~+e, co^:p~y w;!h and abide by each and every the stipulations, agreements, i
t
._nditions and covenanis ~n sa~d prom;ssocy ncte and tns r.:.rr3age s_~t rorth i
9. That in the event the ownersh~p o~ the ~nortgzged pre~:~ses: o~ a~~y part »,ereof, bccomes vested in a person other than 1he MORTGAGOR, the
Y~RTGAGEE, its successors and ~ss:a~:s, may, w~~ho.;~ ~,..~~ce to the `.;OR?G~:OR dea~ w~~h such wccessor w wccessor in ~nterest with ~eference to this
o-rgage and the drbt hereby secured in rhe same ma~ner as N~th 'der.gagor w,shout in any way vit~afing or d~scha~g~ng the Mortga9ors' liability herr
_°~er or upon the debt hereby sewred. No sae of the ~ren:ses hr.eby mortyryed a~d no forbearance on fhe part of the IAORiGAGEE or its succeswrs
c• ass~g~s and no exte~sion of rhe t~~r,e fo~ trte payme^t of the d~bt hc~ecy sec~red g~ven by the MORTGAGEE or its successors or ass~gns, siwtl operate
; ~c re~ease, d~scharge, mod~fy change or affec? the on9~nal :ien.i~ty of the N~URiGAGOR here~n, eithe~ in whole or in part. ~ y ,
~
1C. It is spec~ficai:y ag.eed ~hae i~me is of the esser.ce of this co~~~racr and that no waiver of any obllgano~ hereunder.or~P~Fthobyig~tiqn se-
: ,..ed hereby sha~i at any time tnereafrer be he;d to be a wa~ver of fhe terrra hereof or of the insrrurr.em secured herby. ~
e : ~ ~
~ I1. In add t:c~ ro the fore3o n9 r.~o^.!h'~ p,~T_nn of c~~.c ~3! and ir.t~res! :eqwred by the p+om ss.ry no!e setured here~~/:~moft~fg~ tGOwnanti
~ d ag.ees to , ay to mortg3gee ~nrth eacn r.~;,~~h'y ~a~~. em an ad:i. ~onal su^~ es~ ated by morryagee to be equai to 1 j 12 of the aT+riual ~ort~ q;rhe~foHow-
. . i•J '~:s . '
A-All real prope~ty taxas lev~e,^'. or assess~ ci aa~~ at tne a~~:e drsc~~~~d r.a! es~a!e. . •
' , • .
~ p-'-Pf~T.~',J'^S on f~re and vv~~•:dsro-m ~nsu•a~-ce as nc-rc~~n reG„r~•~ to be .o .~•.d c~~ the ,:roveme~ts s~t~ate on the affove dasc~~bed1plErnisey.~ • =
a C-Pre~~<~^+s an such mortg;oe g~a~anty icswa~ .e ts mo~rgayee shall r r me to tunc deem tit to carry on the loan secure~ hereb .
. = •
- Mortgagee s!:a'! from time !c t!~:e ne!~f~ TC!T~c~c• m v.~:t.ng cf the a~e_~•1t do•= and payable herevndar and such sum Shail theKUQon.~8u2 a+~
•ab!e o~ tF.e due da~e of the re,t ~no~th.y pay~+e.t and each waessive ~a.th tnereaft,r uctii mortgagee shall not~fy mortgagw~o4 a ehange in suth
' o~nt. Such su~-+s shj:l }~e app:~zd by mortgagee so~.ard ihe pa;ment of rera property ta,ces, insuraxe prem;~ms, and mortgage guaranty inwrance
~ .~~•e-niums.
~ IN Y~ITNESS Y~H~ F, t/ sai MORTGAGCR has here~nto set his har.d and seal the day and ear first aforesaid.
{ ~gned Seated a d e er t of: ~i~ B~L I~(} CO~PORATION
$y : Seal)
~ Crain ide t ~a~~
~ / (Sea4
~ ` Attest : Ma Lee a n Secret -Trea r
"
. - - ~
~
~
_ _ ~
z
>s STATE OF FIORIDA COUNTY OF ST. LUCIE
3 }
L`' I HEREBY CERTIFY, That on this -~5~-day of - ~~~~r , A.D. 19 ,
5efore me personal(y appeared -Jack Crain _ and 1"~='Y ~e Crain
respectively - President and _ Secretary "~~u~r , of
h Buccaneer B~din~ Corporation a Corporarion, to me
_ known to be the persons described in and who executed the foregoing instrument, and severally acknowledged the exe-
- cution thereof to be their free act and deed as such oificers for the uses and pursoses therein mentioned; and .that,.they ` ~
. ~
~ affixed thereto the official seat of said corporation, and the said instrument is fhe act and deed of sei~J torporation. ~
WITNESS my hand and official seal at Fort Pierce ~~ri~ , said nty a d state.
= i ? :
= This instrument prepared by J. D. ~astain - ~ ~ ~
~`irst ?~deral Savings and Loan Assxi 30~ • r• ~ _ 1
o.° ForL Pierce, ?7orida 22Q3 U Notary P blic, in and fo St te and County a4oresa'd. ~
My Commission Expires: ~ G ~ , ~ ~ ~ ~
F1LE0 ANO RECOROEO
: ST. LU„C~Ic
o~oA
TRIS `A. ~
_
Ct.E=X, ~JD COURT
Checked By~-__ - ,
~ D~c 10 3 as PM'TI ;
~ t
~ ,,c {
~ 60RM,1~7 FacE2663