HomeMy WebLinkAbout0852 3. To p;ace a~d co~T~n,,oua;y I.eeP ~n ~ne t..~ o.~:~s cr nr.,~.r* a'r.~are o~ s, d!and and o~ a'~ eq.:~p~,eni a^d prrsona:.y cc~r~ed by ~h~s mor
+~e. w.th all pre~~~ums the~eon p:. d~n f~!:, f~re irs„~a ~c~ ,n 'n~~ _a~... s~~:.~.+~.~ po ~cr for~r. in i s..:r. aHpru~rd br the M::K..•~vt[. a' .i r.~~~dsto
~surence ~n the usuaf a'anda~d ~~•~•~y Sor~n, in a s~:n a,~.:o.rd Ly in~~ f.5:~R7G~~iE, in su.fi Cc~ripany cr to:~;an~es as tne :'.JKivAlszE m
d~~c;~; and a11 fire ar.d v.;nds~orm ~ns~•a~c° po!~c~es on anr of s~~d bu~ d.~yS, Any ~Me~es~ ~he~e~n or Ga'~ the~eoi, ,n she agg~~ga~e s.^~ atoresa~d
eaceas thereof, shall :one>in ~he usva! sta^.dard mortysgee c~a.:se or such o~her tiause ss the Mortga~re may rrq~ ro, maA~ng ~tk ~oss u~tidrr t3~d po ~
;~es, each and eve~Y, pa~ab~e to sa~d ~1~ORTv4GEE as ~ts n»c~cu rt.ay aNpear, nnd ebch and every ?uch po~~cy shill tx prompt~y afs qned a~~d dr ~.rrrd :
any held by sa~d MORTGAGfE as fu~iher securrty to sa~d ~:.~~rg~3r d~~~. a,d, r.or ieu ~han ~en ~iQ; days in ad~a~~.e of ihe e~;.~:aT,on of each po~.cy, ~o d~
~:.er to sa~d MORiG.'1GEE a renewa~ rherfof, ta~r~her Mah a rec<<~ t ior ihe p.rn.~;;m of s~ch re ~ewai; ~nd ~hrre s~w~1 br ~~o f,re cr ..'•,~,asro,m i:s~ranc
c.:~ced on sny oi sa~d buiid~n.~t, d~y in~e~est th~re:n or pa~e rhrr~•oi, esi ~n rhe fo,m a~~d N~~h ihe ioss payao:e as afo+esa~d, a~d ~n tne e.e~i~ any su~
o+ money becomes payable under such policy or poLues smd M.~J~ivtGEi ~h~it ~aoe rhe oy~~o~ to rec•_~~e e~:d app'y thr sa~~~e on e::uv..t oi the ~~:Seb~~•d
nria secured he~eby or ro permrt sa~o MORTGA:,O25 ro rec~~.e and use ~t or an~ :~,•~i rt„~:r~f fo~ o;^•.- c~:c cs~~s ...~i _..t th •3 =r
~nq any equ~ty, I~en w r~gh: under or by v~:tue ot ih~s n+o•ya3:r; and in ~he even+ sa d MORTu~GORS sha'~ 'or any reason fa~l to i~eep ~he sa~d p~em~ses so
.r~aurrd, or fail to delive~ promptiy any of sa~d ues ot ~ns., a~ue to s,.d MORTGAGEE. or 1~~: prCn~p'ly to pay f~':y any nre ~.~.m the~etor or ~n a~y
:espect la~l to pe+form, d+scharge, execuTe, ef'ect, co:~~p.rte, co^,:'y ..~~h ar~d ab~de by ths cove~~e~~•t. or any par~ hr~rof, sa~d /.1vwi.:~i+GEE may N:ace a:d
pay fa wch insurence or any part the~eof v"ihout ~o~.~~g or atic;T~ng any oNt~on, uen, eq~•ty, or r~yht v~der or by v«fue of :h~s Atiorrgage, and the 4
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t~:i amOVnt Ot BaC~ and Bvery wch pay.^.irni snau tx ~r~-:~~~ro~airl~ u.:r o~:u ~.oyai,.r o.w a:~o~~ :,~a, :.,:~,~a~. _ ~ +
•~~~,e per cr~~um per annum ond to~cth~r ~~fh wch ~nt~~:,sr ~n~ src..:.~ !~y the :~en of th~s mo'tgage. ~
TO pe~mit, COmmit Or Suffer no weste, impa~rrr~ant or d~te:•~~ai~o:~~ of s~•d prcperiy Or any paA thereof. i
5. To pay all and singu'ar tne cosrs, charges a~d ex; ens~~s .~iz'..y~~~~ a rrasonab!e atrome~•'a fee and cosfs of abstrads of t,t:e, incuned or pa~d at T
a~y tiene by sa~d MOR1GAv'_E, because e+ in ~he event of ihe I, ~re on fhe cart of ihe sa~d MORiGAGOR to du1y. p~onpNy a~d tuly Ferform, d~scharqe
s.ecute, efied, comp;efe, comply vv~th and ab.~r by each and t.ery ihr st~p,,.a~.or.s, egree~~er.ts, cond~t~ons. and cover.ancs o+ sa:d H~o:~~ssort n;;ir a~~ ~`.~s
„orrgage any or e~~he~, and sa:d cosn, cha~ges and expenses, ea;F. and e.~er~, sha~i be im .^.rd~ate!y d~e and payab:e; wheThe. w not ~hrr~ be ~o+~ce d~
~,a~d, attempt to co:~ect or su~t prnd,n~; and ~he f~t: a:*~o.,n~ oi ea:l~ ~:~d e~-~•r~- wch ~)d)T@fl1 sha!f bra• ~nterest f:om the date thereof ~nr~I pa~d at rhe
o' n,ne Fxc c~nr~m. ~,er aii sa~d cos~s, cr a~3es a~i e.: scs nt.~~~cd o~ pa~d, together w~th svch ~nterest, shall be secured by the i~rn of th,s
mortgage. ~
6. That (a) in 1he even! of any b+each of this Mortgagt or d, ~.:.~:t un ti,e pa~t of the A".~RTv~~G~ R, w~b) in tht event any of sa d sums of money
h:rein refe.red ~o be no~ prJr`i~•~iy ar,d ru.~y pa~d ~n~th~n tn.-T~ ,3:.; d:;s nc.+ a•r.~~ tF~e s,^~e sc.r.a'.Y ee;a.~e d:,e and payab'e, w~~ha.,t dema~~d or nor~cr,
= ic) in th~ event each and every the snpu.ae~~ns, a~re=menn, co•~o,~•o and covenann of sa d prom~ssc~. note anr~ th.s mortgage any w e~ther are not
i.,'v, p.omptly and fuL'y perfo•~•~ed, d:cha•ged. exec~ted. e'fe:eed, ca^p eted, co^i, :~ed ~n~th erd at~ded Sy, then in e,ther w a~y such eve~t the se,d ag-
a•_~ate sum menr~oned ~n sa~d p*om~ssory n;,re then re-:a~~~•~g a~o ~~rt, ~ntrrrst a:c~~ed, and e.i ~noneys secured 'nerety, shafi bttome due and pay-
e:: e forthw~rh, o~ rhereaf~er, at rhe op•.on o+ i,:d MO~TGAGfE.~~,aa i~~ :y a~u :omp:ere'Y as ~t a;i cf thr sa,d s~ms oi money v~ere o*.g~~a:ty s~.p~.ated
c be pr:d o~ wch dzy, anyshmg in sa d pron•ssory nore or ~r. ;nis A1:?riJd~c~ 10 ine con~rary no~ vnhsTand:..~; and ihereupon or thereafrer ae the ~;~bon of
s- :1 MORTGAGEE, w~rhout no}~ce or demand, sua at taw or ~n equny. tne~eture or tt~ereaiter be~~ri, may be prosecvred as if a!f moneys sewred hereby
mat~red pr~~ to as ~nsn`~t~on.
7. That ~n the e.•ent that at rhe teg~nn ~y oj or at any t~~-,e fend~~~g any s~:t upo~+ rh~s Mortga9e, or to fo.ecfose ir, or to reform ir, or to enforce
, a:ment of any c~~~ms herecn~er, ss~d A':OR?v~G=E s~a~l epY~Y fo ihz Cc,•~ ha.,•~g ~u~~sd.:~•ur, !he~eo~ for she aopo~ntmem of a Rete~.cr. s~:h Gen,*t shail
r.. rhw:rh appolnt a rece~ver oj s.;~d ~orroo~~-d p*opezty a:: a,d s+~yu a~, ~n.,~i_~ ng a.~ e~~y s~ ~g:, ar ihe ~nccme, prot~es. issues and reven,,es from whatever
s: _-ce der~red, each and every of ~h c~c t,e•~~g Eap•:ss ~,,ndc:~•~c~ u'r•~-~~y mor~~o~ed as ~f spec 1~ca,~y set lorth and destnbad in the graming and
endum c.auses her2os, and s~ch Recr+.er sh,.~ have a.: rnr o~.;ea a.o r~rec•.:e t„~ca s a^d Fo-.•.ers anyv.~~se enr.usted by a Co~~t to a Receiver, and
s- :n appointment sha!: t~e rt,ede br s_:h Cc_r! as an ed ~~:r~d c..t. a~.o a, e~!er ct tbso.~re r.qht t.-~ sa~d MORTGi.GEE, a~d without reference to the
~:!.q~acy or inadeq~acy of the vawe of ~he p•e;~erty mc~•.~yed o~ tc rn~ s~ ~~•~c~ e~ •ency of sa~d NOR;vAGOR or ihe dete~~da~rs, and that such
~s, prohts, inco.ne, issues and rever.,,es st,a:• t,e apc:.~ev cy wch Rec~~.r= a:;ord,n3 tu ir,r +~en cr eq~~ty of u:d A10RTGAGEE and the pra,t~ce of such
.~.OJf1.
To du'y. prompt:y and fu1~y pe~.`a•~±, dscha•ge, e~ec~te, eficc`. coTp;ete. comFly w~}fi and zbide by each aad e~ery the s`ipulations, ag~eemeMS.
:~nd;reons and cove~anu i~ Sd1d PfOT15i0!y no~e and ~i~:a m~rig3ge se~ farrh.
9. Tnat in the event the ownersh;~ o~ the mo~tgaaed pre•-•ues. o~ a~y part tnerEOf, becomes vested in a person other tfian the MORTGAGOR, the
:•~RTGAGFE, irs successors and dSS~gr.s. may, w:~hour r.~•~:e to i~e .~'Ok~v~-:~~, dea! ,+~th s~ch succeuo~ or successor in Interest wirn refe.ence to thls
~~~+gage and ihe debt hereby secured in the sa*ne manne+ as w~!h r.1;;!+yagor w.th~ut in any way vit.ating o~ d~scha~g~ng the Mertgagori liability here ;
_~~er or upon the debt hereby sec~~ed. No sa:e cf the ~rrn::ses heree~• mc•taaqed a^d no fe~tearante on Ihe part ef the h!ORTGAG[E or its s~ccessors
ass:gns and no extens~on of the ~~me for me pay:r.ent of rne debt h:~ecy src,.red g~vrn by tRe A',OR7GAG:E o- :ts successws or au:gns, al~ail operate
~:r~eese, ts~scnargt, mor7~rr :na~:ge c, or:e:r .:e c.3.na~ .nc .::;=,vvx im•r;~~. r~ri~r! ~n v.i~.,~c ..t u. F.e::.
10. It is spec~fl,a,~y ag~eed +haf s~me ~s ef the esse^ce cf t~,~s co~^racs a~d shat no wa~.•er of any ob !gor~on hereunder w of the ob!igation se-
,_~ed hereby shail at an~ time thereafter be heid to be a N'CIJ2' OT the trrns hereof ar of the i:srrument se:ured he~by_
1 t. tn aod t!o~ .o • _ .o•e^c. , ; ..,o^•:,'; ~ ::v . ^•s ot , , . . _ a.,d ~ es• rea~ •ed 'ey ~he ~rom sscry r,o~e x~c~~ed he:eb;, mxtga3o: eovenants
agrees re pay ro r.-.o-tga^yee N~~I~ each irwr.•r~ y pa~~ ~em or. ~ ~o:~nt s~^~ ~s• •~tea t~ mo~rgagee to be equ~~ to 1:2 04 t'~r ~nnual cost of the foilow-
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~ A-Aii re~! property taxas ie:~_, o~ asses~_a eg,~ s~ t~_ ac ~.e d_s_; ~•-d r~a' es~afe.
~ 6-P!_!lb:l'T15 on fL.e ar.d wi^ds~o•m ~nsr~r_e as ne~e:n r;q.,,r~ct to be r~ ttie :m~rove~neots s:t~~ate on tn, above desu~bed premiaes.
C-Pre~niu~*:s on suCh r.:o•t~ ~oe gv~~a^+y icsvra~ ce es myt33~ee sha,! .'r::^ r T,e ro time deem fit to carry on the loan secu:ed heceby.
~ Mortoagee s~a~i j•om t~~.~e to !~^:e nc~:j; mc~ty~go* ~n x•:t.-,g of rhe r~-c~^t d,;e and pc~ao!e hereundrr and s:.ch su~n shail thereupo~ be due and
; ..obie on the d~e aa*= of rh> :~ext mo-~th:~ par^^~'? and e:,ch sv~cess~ae •-o•.'h ~~,erea4t~r ur,t~; mertoagee sha!1 no±.fy mortgagw of a thange in such
! ,-~unt. Such s~~~s sha~~ be ap;-.~r3 by morega~~re so+~a~d i~e Na{~~ent of .ra'. r•cpe~ry tz,ees, insurance prem ~ms, and m~~gs~et'tj~er,~nfy insurance
~k :"E'TIUTS. ? '~^:~~i
' N WITNESS 'JYHER~OF, •ne sa~d MORTGAGG2 has hereunto se! his ha-.d and sca~ the day a r first aforesaid. ~
~ L D .ERF~RT8~5~ INC.
$ igned, Seaied verea in the d?ese~ce of: w v
F~~~~~ t\~ J_f.Qh~EY 81 : f''. :
a Si :u: ..~uhTl FIA. al)
, , p. - : ~ o ert ~ resi em ~
~ ' 7 { : ~J`•`: ~~UR~j? y TTEST . ~'c'. .l ~ _ (Sea~)
z' ~ srr . ~ ~ ' . , .
K L~e st er F. Drum~o; ..5ecietatY c~a~?
~ . . _ - - ~ ~ ~ ~ _ . • - _ e j ' -
~ L '
~ STATE OF FLORIDA ~iN~iiV'30 COUNTY OF ST_ LUCIE
~ I HEREBY CERTIFY, That on this 2+th day of ~cember , A.D. 19 71 ,
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~ before me personally appeared RoGert L. ITrumm and Lestez F. Drumm ~
respectively as President and Secretary , of
~ Robert L. I7rumm Entezprises, Inc. ~ a Florida Corporotion, to me
known to be the persons described in and who exe~uted the foregoing instrume~t, and severally acknowledged the exe- i
cution thereof to be their free ad and deed as such officers for the uses and pursoses therein mentioned; and that they ~
~:i affixed thereto the official seal of said corporation, and the said instrument is the act and deed of• s~id corporation. ~
~NITNESS my hand and official seal at Fort Pierce , said county and 5fate_
; :his instru:~ent prepared b~ ,
~ John k, Collins ~
c itst Federal Savings and Loan Notary Public, in and for ~5~~~~~~ ~r~~y ~fQr id. ~ 4~ ~
~ tF_ot~F1[3$~ i.l,iitit
LLti Association cf Fort Pierce, Florida My Commission Expires:ky co~at~ss`i~i1,EXPIRES.~' 1 5, 1975
~;f B„n:e4 d~t fut~,~c;aQ1'~3t,t~r~}iRwrar!ce ~o. ~ , _ ` _
J .
Checked BY ~ri~-----
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~-a
BOaK 198 PACf 8~1
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