HomeMy WebLinkAbout1654 3. To place and co~tin~ously ?eep on the b~~ d~~:~s ~:~w or I,er~•aite? ?;~uate on s~~d land a~d on a!1 equ~p~»ent and perso~~a<<y cove~ed by ~h~s mo~
ege, with all prem;~ms thereon pa d in fui;, f~re ir.surance ~n the ~s.,al sr~„a~:d po.,cy iorm, m a wm aFproved by ~~~e MVR~.r:.vEE, a~ d.t~'~dsto
inwran:e in Ihe usual et~nda.d po:.cy form, in a su~n eF{~ro:ed Gy thc A\JRTGAGfE, in wth to~»pany or ta*~~ an~es as the h~ORIGAGEE
d~rect; and all iire and w~ndstorm ins~~ance Fo!~c~es on any of sa~d 'oc~ d:nys, any in~errst there~n or part th~reol, in the aggrega~e s~m a~oresa~d ~
in excess the~eof, shall conrain the uwal s+andard ~norr~-.grr uause or wch o+hrr c!ause as ~he Mortga~ee may requ,ro, meAing tha ioss undri s~~J po ~
cies, each and every, payab'e to sa~d A~JRTGAGfE as ~ts ~n~~r~st n,ay appaar, and each a~~d eve~y svch po:,c/ shall be promptly aug~~rd and dc~~~errd ~
ary hrid by 3a~J ~.1~?R:v:GEE os f~riF.er se:u:ity ca sa~d ^~o~~ya~3e d_et, a~~d, no~ ~rss ~h,~n rPn t101 d3ys ir~ ad.~nce ol the eap~~at.on of each po!.cy, ~o d~
I~ver to said A10RiGAGEE a re~ewal thereoF, toge~her w~ih a rece~pt for th~ pr~•:nwm ot such rene+va:; a.id thrre sf,all bz no f~re o~ v~::~di~o•~n inw~anc
plated on any of said buikd~ngs, any interes~ there~n or pa~t II:rroJf, u:~~ri5 ~n the fcrm and wnh the ~oss peyab'e as aforesa~d; and in the e.ent any sun
of money becomes payab~e under such policy or pohcies Sd~~ M~R~VMJCE sh.,i~ have ~he opt~on tu recr~~r ~nd app!y the san~e on ac;o„nt of d,r i~idri,trd
ness secured hereby or to per~nit sald fAORTGAGORS to rec~~ve and use it w any p.~~r ih.~~~of tc~ e~~~• r r.ur; ns~s. ~•.•~n..t th.••~.,. .+.:,•;'J ~'°`P°"
i~g any equity, Gen w r~ghl w~der w by vut~e of ~his mc:c~age; and in the ev~nt sad A~~BIGAGORS shall `or any reason fa~i to Krep ~he fa~ci pra+iz~sc•s so
;nsur.~d, a fail ~o del~ve~ promptly any ef sa~d pol~c~~s ot ~nsurance to sa~d A10RiGAGEE, or fa~i p:ompUy to pay fu~:y any prr:~+:.,:n fher.:for or ~r. a~y
respect tail to perform, d~scharge, execute, effecL comp~er~, co:~,ply ..~~h and ab;de by th~s covenan~. or any ~ar~ hareof, se~d MuRI~~GEE may p~ace a,o
for soch insurance or any part the~eof wi!hout wa~ving or aii~c~ing any ept~o•i. Gen, equ~W, or n~ht undei or by virtue of th~s l~torTgage, ar.d thc
f~tl amount of each and e.ery such payment shall l~ ~m,~~ed~errty due and payab~e and s!~ail brar inte~rst trom the date thcreof until pa~d at the .are ol
~~:ne per cemum per annu:n ond to~rthar ~i~h s~ch ~nt•resr sh.~i: be src~re~ by the Gen of th~s mortgage.
1. To permit, commit w suffer no waste, impairmeni or de~er+oraf~on of sa~d property or any part the~eof.
5. To pay all and singula~ the costs, charges and expens~s, inc~ud~ng a rrasonab!e attorney's fee and cos+s of abs!racts of t~~ie, incurred or paid at
any tim.e by sa~d MORTGAGEE, because or in the evert of in~ fa;iure on tne pa~t of tne said MURTGAGOR to duly, pro~~tp~~y and f~:ly pr~form, d~scharye.
>xecute, effec~, complete, co~nply wuh and ab.da by each and every ~hc st~p,,'~at.ons. agccen~enis, condihonS, and covenants of sa~d pro~u,ssory note and ~his
~:ortgage any or e~ther, and sa:d tosts, charges and eapenses. each and every, sh~ll be im~nrd~ately due and payab!e; whether or ~ot thrre be not~ce d~
n,~nd, atrempt to co;;ect or svit pend~ng; and the ful! amount of each a~~d every svch payn,em st~oli brar inreres~ from the date therrof unril paid at the
oj ~~ne per crnzum per an~;~ n; rnd ~ti said cosn, cra:grs a~•~u ex~~rscs ~~cu~red or paid, loy~•~her ~v.th such ~nterrst, shall be secured by ~he Ge~ of th~~
morfgage.
6. That (a) in the event of any breach of this Mortgage or default o~ th~ part of the ~'.ORTGAGOR, or ;b) in the event any of sa:d sums of money
herein referred to be not pro~nptly and fuily pa~d w~ti~~n tn:rty i30'. d~is ne.t a:r._~r ~he s.~•~~e se.era''.y become due and payable, without demand or nutice,
or ;c) in the event each and every the st~pu;ations, agreements, co~,d~no:,s and covenants of sa.d prom;ssory nofe and th~s mortgage any or e~ther a.e nol ~
j~;y, promptly and futly perfo~med, dacha~ged, exec~ted, effecred, co~npieted, compi~ed vnrh and ab~ded Sy, then in e~the~ w any such eve~t the sa:d ag
3regate sum mer.tioned in said promissory note thzn remaining ~npaid, ~v~th intrr~~;t acu:,ed, and o;l mon«s secured hereby, shail bECU~»2 du2 and pay-
e!~rthw~?h, er thPreaiter, at ~he op!~on of sa~d b10~7GAGEE. as t~.~y a~ui co~.~p:etely as ii ail of thr sa~d sums of money were or~g~natly st;p~:aied
ro be pa:d on such dey, anyrhing in sa.d prom~ssory note or in th~s 1+~orrga~e to the conrrar~ not.vlthstand~~lg; and fhereypon or rhereaffer af ~ne opnon of
sa d MORTGAGEE, without nonce or demand, surt at law or in eq~ny, iherefore or thereai+e~ begun, may be prosecuted as if a:l moneys sec~red hereby
r,~d matured pnor to ~ts institut~on.
7. :hat in the event that ar the beginn~ng ei or at any ume pe~du~g any su t upon fh~s Mortgage, or to foreclose it, or to reform it, or to enforce
c a,rment of any dalms herevnder, said AtORTGAG'E sha;l appiy to the Co~rt ha.•ing ~~r~sd.cron therto4 for the appo~ntmem of a Rece~ver, such Court sha~l
tc shw~rh appo~nt a rece~ver of said morrgaged properry ai~ and sing~~iar, ir.:~ud r.g a11 and s~~~~~'ar ~he irtcome, profrts, issues and revenues from whateve~
s_~~-ce de~ived. each and every af wh:cfi, ~r be~ng express'~• unde~s~c~i. ~s 1•e+e~.i mo:fgaged as ~f spec~fica~ly set fo~th and described in the grant~ng and
'~bendum dauses her~of, ar.d such Receiver sha.l have a:l fhe br„ad ar,d ef; ~!:~e fucc+ ons and powers in anyw~se entr~sted by a Court So a Ret<iver, and
s_ch appaintment shail be made by svch Court as an ad ~iinrd equrty and a n:atte~ ef a!~so:~re ngM to sa~d AtORiGAGE•`_, and w~:hcut reference to the
z~:_a:,acy or inadequacy of the value of ~F.e prope~ty morrgaged or ro rhe so,ce~cy o~ ~n;o:~enc,r of said MORiGAGOR or the deie~~dants, and rhat wch
;~~s, profits, incane, issues and revenues shafi be app~~ed by wch Recr+ve~ ac.ord~ng to the lien or equity ot sa~d MORTGAGEE and the prachce of such
Court.
8. To duty, promptly and f~l!y perform, d~scharge, execute, Offect, comp:ete, comply w~rh artd a6ide by each and every the s+~pulations, ag~eements,
;or.ditions and covenants ~n said promissory note and ths rnortgage srt foith.
9. That in the event the ownership of the mort~aged pren,~ses, or any part tnerecf. beco~nes vested in a pe~son other than the MORTGAGOR, the
:'CRTGAGEE, its wccessors and ass~gns, may, ~vi~hout noT~ce to the :`ARTGtiOR. deai w~~h svch successo~ or wccessor ;n interest with reference to this
~-o~igage a~d the debt hereby secured 'en the same manner as wnh tilortgsgo~ wnhour in any way vit;ating or d~xharg~ng the hlortgagors' liability hert
~,;nder or upon the debt hereby sea~red. No sa;e of the F~e«~ises hereby mongaged acd no forbearance on the pan of the ?dORTGAGEE or its successws
~zs~gr,s ~r,d no extertsion ef the time for tha paymen+. of the det+ h-~~e!~y sec,~rtd g~ven hy the MORTGAGEE or its sutcessors o~ ass~gns, a~iall operate !
ro re!ease, d~scharge, mod~fy change or affect the ong;nal I;auJ:ty of the htiGRIGAGOR herrin, either in whole w in part.
]0. It is spec~fically ag.eed rhat time is of the essen~e of th~s co~~tracr and that no wa~ver of any obi~ganon hereunder w of the obligation se-
c~~red hereby shat~ at any time thereafter be held to be a wo~:e: of the terms hereoi or of the ir~siromem secured herby.
11. In a:id.t~o~ to the forego ~~g ~~~omh:y pay-n_~nts of p: ~.c pa~ and in~r-<s? ~eq~ired by the prom ssory ~e~e secured hereby, mortga~or eovenants
' j••.d agr~es to pay ro mortgagee w~th ea_h mon~h:y ;;a,~..ent an add, :ona1 s~m ~~sr ~ ared 6i morry3gee to be equai to 1; 12 oi r:~~ a~~nual cost of the follow-
~ :~:3.
! A-Atl real property taxes lev~,d or JSY'SS•1:I dy3~••st th•: at~ove clesai~~~_d r_at es~ate.
! B-Prem~~ms o~ fire and windsto•~n ~nw~arce as here:n req~;red to b~ ca.r:• d en the ~mproveme~ts rtuate on the above described premises.
C-Prerniums on wch mortgage gua~anty ir.su:a:.ce as mor~gagee shail frcr-: r~*e to :~me deem fit to carry cn the loan secured hereby.
~ Morfgagee sha l'.rcm ti:ne to tin~e r.ot~fy mortyagcr w~it~ng of the a~: o.,~t dv~ and payabie hereundar and sucfi surn shall there~pon oe due and
3~ab!e on the due da+e of the ~~ext month:y paymrnt and each successive ~:onth rhereaft_r ~r.tii mertgagee shall not:fy mortgagor of a change in such
y -o~nt. Such svms sFa.l be apE~!ied by mortgag~e :o.vard the Hayment of real property tazes, inwrance prem:ums, a~~d mottgage guaranty insurance
.>•emiums.
~ IN Y~ITNE55 '.'1HEREOF, the sa~d MORTGAGOR has here~nto set his hand and scal the day and yesr first aforesaid. t
3 ~ ed an deli{e~ed in the presence of: B KUS SN~ER S~t= , q2A?6D
~ L FILEQ a?~=~ P.EC~RDED ~ BY: .
^s . .~-S[ c~ ' Seaf)
gj,j~ ~~UMTT FLA. ` J6S5~6 B~C~ tll~ ~
„ - 1ROC_~^= '1'RAS ~ . .
. ~ • ~ = ~an
~ " ` CIEF.K . . :,'JIT COURT ATTEST: - ' .
~ - -----~~^n~r~ rc, ''FrJ Fl~~r~CiC ~o~.~Rl~~l~~~'~ "~.C'(sla~ary
~ - ~r : • _ ~ a . .
. : ~ ~
~ 0 1!J LO i L U".~! ~
`'~15AQ ~
u a
~ COUNTY OF ST. LUCIE JJ f/.• a~,,
~TATE OF FLORIDA ~
~ ~ . . ;
f<
* I HEREBY CERTIFY, That on this ~ day of- ~_~N u A R~------ ~`A•D.' i9 ,
~ `
= oefore me personaliy appeared -~lg~si~_BaCkus Guhse ___T__ and Frederick Baekus Guhse ;
' ~
~ res~ectively President and ~acretary , of ~
'sc' ~
gAGKL1S EPRSEZPRISBS. I~4RPORATSD a F1Qri
d~__ - Corporation, to me s
known to be the persons described in and who executed the foregoing instrument, and severally ack~owledged the exe- ~
::3
~ cution thereof to be their free act and deed as such officers for the uses and pursoses therein mentioned; and that they
affixed thereto the official seal of said corporation, and the said instrument is the act and deed of said corporation. :
,
- WITNESS my hand and official seal at Fort Pierce , said count an ate.
= This instrusent prepared by ~j , • ~ : , _
Wa. B. BY~un
Rirst Federal Savings and Loan Notary Public, in and ~~~a~~~.~~~+ ~ ~
iation of Rort Pierce Florida My Commission Expire • ~,;s;wn Etia~~ ~O'!~~'~~ ~
As soc , a~v cor. a
- Fwe Cay~+aOl'~ ' ~
6., A-re~ • ~ r ~
- ' ~
;:°j
Checked BY
.
~ ° R 198 1 3
``'3 BOOK PAGE 65~ '