HomeMy WebLinkAbout1688 3. To place and CJnfin~O~S~y ~zep on the b~~ d,ngs no,r or !:e~c.,trar s~tuate on s~~d !and and o~ ali eq~ipment and pe~sonslly co.e~ed by ih;s mor
age, w~th all prem~~mS thereo~ pa d~n fuii, f~re insu~a~,ce ~n 111C us~et i'a~~.iard ~w ~cy iorm, fn a s~m aFproved bt the MOR~G~:I:~E't, a-d w~~~dsro
;ns~rance in tha usual stj:~dard po:.cy for~n, in a s~,r. appro.rd b/ thr hIJRiGAGEE, in sucA canpany or tompamES aa ~+~r ~.~:J~~~~~;i
d.rec~; and all fire and w~ndstc~m mswan~e po:~uca on any of s~~J bu~,d.ngs, any interest there~n or part the~eof. in the ag9~e9a~e s~m ato~esa~d
in excess thrreof, shall ,unt;in the uaual standard mo: tgagre c,a~se or s~:h o~her dause as Ihe Mortgagee may requ.re, mal.mg ihr ~oss ~~~drr s.+:d po ~
c:rs, each and every, payab'e ~o sa~d :\~ORTvAGEE as ds iroer.~st ~:~a~ a+~p~~~~, a~d each a~d every wch po:.cy shaN lx promptly aas gnad and deu.~red + ,
any held by sa~d h10R1GAGEE as fu~~hrr secuiny to sa~d ~~~o:ig3~r debr, a:;d, not (ess ~han ten (10) d~YS in ad.ance of thr exp~~at~ai oi each pot~cy, to d~
,:.er to said A10RTGAGE£ a ~enewal ihereof, toge~her wrth a re,r~pt for ~hr pienuum uf such renrwa!: and thrre shall be ~w f~re o~ ,y~~~dsicnn insuranc
p'aced on any of sa~d bui!d~ngs, any intcrest there~n or part thereof, u~~ ~ss ~n ihe fonn and wifh ~he ~oss payable as afcresa~d; a~d the evant any sun
of mo~ey becomes payable under s~ch poticy o~ pol,cies so~d MJRiG.~vrE sh.iil have the option to recc~ve a~id apN~y fhe same on accounf o( the indr~~~'d
ness sec~red hereby a to permi~ sa~d MORTGAGORS ra rece~.e and ~se it or any ,~:~t ~?~e:eof ior o:;,_r ~:~~n cncs. .•.:tno~t th:~•~~. '"'P"`
~ng any equ~ty, Gen o~ r~9ht undrr w by ~il~U2 of th~s mo::~age; and in the evrnt sa d 4!OaTGAGORS shall for any ~cason fail to keep ihe sa~d premiaes so
nwred, or fail to delive~ proa~ptly any of sa~d poi,c~es ol ~~~svr3~~•ce to sa~d MORiGAGiE, or ia~l prompily ro pay tu~ty any pre n:um theretor or ~n a~y
~espect lail to perform, d~scn;~ga, execute, effect, canpleta, co npiy w~ih and abide by th:s coven~nt: or any part hareof, seid MORTG:~GEE may p~ece a:~c
F:~, fw such insurance or any part thereof w~ihout wa~ving or aifecting any oNt~a~, lien. equ:ty, or n~ht under or b~ v~rtue of th~s hlortgagr, and thc
!„',i amount of each and e~ery svch pay~nrnt shall be unmed~atrly d~e er:d payab!e and sha~l bra~ interrst irom tha da~e thereof unt~f pa~d at the rate o1
~.•,e per centum per annum and to3cihrr ~+r.h such u~'e•est sh~~~ :~e sr:u:ed by Ihe lien oi this mortgage.
To permit, commit or suffer no waste, impairment or det<ricranon of sa~d property or any part thereof.
5. To pay all and s~ng~lar the costs, charges and expensrs, ~nclud~~~g a reasonab!e at~omey's fee and costs of abstracts of title, incu~~ed or paid at
time by aaid A10RTGAGEE, because or in the evem of the fo::ure on the part of the said htiORTGAGOR to di~ly, pra»pNy and fudy perform, d~scharge.
_.ecute, effett, cwnpfete, tomply w~th and ab:de by each a~d evcry Ihe stip~iat~ons, agreements, condiUOns, artd tovenants of said prom~ssory note and Ihis
,~rrgage any or enher, and sa d cosrs, charges and zxpenses, each and every. shail be im:ned~ately d~e and payab(r; whrther or r.ot ~hr~e be nonte dr
and, atrempt to col~ect or suit pend,ng; and ihr f~t: 3~nJUnt of rach and esery svth paymem ahall bea. ~nrerest #rom ~he date thzrrof until pa~d at the
o~ nine per centum pcr an:~c~; ~~~d ail said cosis, c~a:grs a•id cx::e!~ses ~~x~~red or pafd, together w~th such interest, ahall be secured by the lien of th~s
mortgage.
6. Thaf (a) in thr event of arty breach of th~s Mortg;.~e or dc~au~t on tt~: part of the b!ORTGAGOR, or ;b) in the event any of sa;d sums of money
'rerein referrrd to be not prompt~y and fully paid wrth~n th.rry ~3u' Jeys nex~ a+r-_r me sa~ne severa ty becume due and payab:e, wi~hout de~nand or not~ce,
, r,c) in the evem each and every the sripu:anons, a9:eemenn. co~,d~no~~s and covena~~ts of sa d promissory nate and th,s mo~tgage any or e~ther are not
i.:Iy, pranpdy and fully performed, d.scharged. execvred, elfeued. co:npEered, compi~ed w+~h and ab~ded 5y, then in e~ther or any wch event the sa~d ag-
a•r3ate sum menf~oned in said prom~ssory note then rema~ning ~npaid, .v~tfi insrre>f accrued, and a:i moneys secured hereby, shall become due and pay- ~
iorthw~th, or thereaftcr, ar the opt~on of sa~d IdORTGAGEE, as fu~iy and co~npierely as if all of the sa~d sums of money were or~g~na~ly st~pulated
,o be pa:d on such day, anything in sa,d pro:n!ssory note or in ti,is hiortgayr tu the cwa:ary not,x~thstand,:.g; and thereup.~n or thereafter al the op~~on of
s~~ MORTGAGEE, wdho~t no:~ce or demand, suit at law o~ in eqwty, therrfore o. thereafier begun, may be proaecuted as if all moneys sewred hereby
r,d matured pnw to ds insti!uhon.
7. That in the event that at the brginn;ng of or at any tirne pend~ng any sult upon this Mwtgage, or to foreclau it, or to reiorm it, dF to entorce
parment of any c}aims he*eundc~, said A10RTGAGEE shal! app!y to tha Co~rt h~v~ng ~unsd~ction thereot fot the appomtment of a Rete+ver, such Court sha~l
rc~~hwifh appo~nt a receiver of said mortgaged proprrty all and s~ngv!ar. inc;ud ~g ~~i and s~ng,,far the ir.come, prof~ts, issues and revenues fiom whate~er '
s-.,-ce drrived, each and every of w~.ch, it be~ng express!y unde~srood n Eer_by mo:rga9ed as if spec:ficalty set (orth and destribed in the g~annng and '
t;~endum clauses hereof, and such Receiver shaii have ai! ~he b~.:ad a~ d rfir.rwe fvnu cns and Fo.+e~s in anywise entrustcd by e Cov~t to a Recriver, and ;
s.;h appointment shall be made by such Covrt as an ad ~.hr~d equ+tr a~~d a ratter of absoiute right to said MORTGAGEE, and withcut reference to the
a::equacy or inadrquacy of tF.e vat~e of the p~operty mortgaged or to t1~r sa vency o~ ~nso oency of sa~d M.ORfGAGOR or the defende~~ts, ar.d that such
~-,rs, profits, incane, iss~es and revenues shail be app~~ed by wch 2cc~•~vei accurd~~~g to the lien w equity of said MORTGAGEE and the pract~ce of wch
C.: u ft.
8. To du!y, prompN.y and ful!y per4o+m, d~scharge, eaecute, eiiect, Cu~rpiete, comply w~th and abide by each and every the stiautations, agreements,
;ond'Aions and covenants m sa~d promissory ~ote ar.d !n:s mortga3= s_t forth.
9. 7hat in the event the ownersh;p oS the mortgaged prc~~~,ses. or any part thereof, becomes vested in a person other than the MORTGAGOR, the
:'^RTGAGEE, irs s~ccessors ar.d assgn;, may, w~~hout nonce to ihe :~;pR1GhOR. deal wnh such successor or successor in ~nterest wi~h reference to th~s
_ a•igage and the d~a hereby secured in the same manner as v.~rh 1.5orrgsgo. w~thout in a~y way virlating or d~scharg~ng the Mor~gagors'"liabitity here-
~„^der w upon ihe debt herebl sec~red. No sale of the prrr.•ses F.~reby ~no~tgaged ar.d no forbearante on the part ot the MORiGAGEE or iis successors
e• assigns and no extension ot the time for the payment of rne deb~ he~eby secured given by Ihe h10RTGAGEE or its successors or assigns, a~~all operate
!o re!ease, d~scharge, mod~fy char.ge or affect the orig~na! Gau.;,r~ of ~ne K.CRIGAGOR here~n, either in whole or in part.
10. N is spc-c~ficaiiy ag~eed tha! time ~s of the es:ence ef ~h~s ccntract and that no waiver of any ob~igat~on hereunder w of the obligation s~
ccr~_d hereby shali at any time thereaf;er be he~d to be a wa~ver of rhe terms hereof a of the instrumeN secured herby.
~ 11. In add nc~ to ~he iorego ng :*,onch'y pa~m_nrs o` p~~- c;»~ and i,~:e•esr requ~red by the prom sscry no!e secured hereb{, mortyagor covenants
! ,-d a r_es to a ro mo-r a ee wah each monTh. a~,ent an ad~~~~ona1 sum tsr ~..ared b mo~~ s ee to be ual to 1; 12 of tf~e annual cost of the fotlow-
9° P Y 9 9 Y V ~ ~ 9 9 ~
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i A-All real property taxes !evie~ or assess=d ag sr th_ acove desc.~~~ d rea:• estatc.
q B-Pr~n.~ums o~ i~re and vi~ndsto•m ~nsurarte as nere;n r~G;,:red to be carrlNd cn the Im~rovements stuate on the above deacri6ed premisea.
~ C-Prem~vms on such mortg~ge gua•anty ir.sura~.ce zs m0 T~3yef sha:l !re•c t me to time deem fit to carry on the loan seeured Ixreby.
~ Mortgage~ sha~t !rom r~~ne to t~ ne nc'~f inerr ,~r :n wr~tn, of the a~r.o~~t d~> and a'able hereundrr and such sum hall thereu n be ve a~d
~ y 9~ 9 P ti ~ P~
.,ab~e on the due da!e of tha next ~:eonth!~ D3y:n~r~~ and e~ch succ>ssive TonTh thereafter ur.til mortgagee shalt noTify r?~qttgsgw of a tharge i~1 suth
~ ount. Such wms sha:E be app'~ed 'oy morsgagee toward tF.e payment of rcak property taxes, insurance prem:ums, a~x!" mortga9S' guaranty inswance
. c ^+iums. ~ ~ ~
~ IN YlITNESS YIHEREOF, the sa~d h10RTGAGOR has herevnto set his hard and seal the day and year ~rat aforesaid.
? igned, Sealed and el'vered in the presence ot: FILEO d'+^ RECOROEO K CJONS~TR' TaN ~Y ~
ST. LUCIE Ct?UM1Y~
~ ~ Sesl)
~ I( L/~L n. ~I / J_ ROC,t'.F ?Qa~RA `
~ CtE?[ C'~:~UIT COURT~ y e (Sea~)
~ - ' RFrr,•?r~~•c,~r~c~ • ~seaq
~ ~MII v ' 1 20 !il l ~ 1 ~ • • ~f • r ~ l5eaq
~ . . _ ~MII - - - - _ . - - -
~ ~
221620 ~
~ S7ATE OF FLORIDA COUNTY OF ST. LUCIE
~ ~ ~L day of .7anuar
~ 1 HEREBY CERTIFY, That on this y , A.D. 19 72 ,
before me personally appeared ~•e 11 y Ha 11 ,
`
4
respectively President isAfd~ 3dc~7~c~c , of
~ ~ielly Construct ioi: Co:apany ~ a Florida Corporation, to me ~
- known to be the person~ described in and who executed the foregoing instrument, and ~evere~~y acknowledged the exe-
cution thereof to be i~r free act and deed as such officerf for the uses and pursoses therein mentioned; and that /hey
affixed thereto the official seal of said corporation, and the said instrument is the act and deed of said corporation. ~
VVITNESS my hand and official seal at Fort Pierce , said.cou~ty and state. #
. . ;
This instrum~nt prepared by ~ ~
John tc. Coi 1 ins Notary Public, i~ and for Stat an ounXy afOresair~~ ~
M Commission fX ires: N~?~~~~gi ~TATE Fi~SP~~A at IARGE
_ : 1t5L +'Lfjetal Sav.inrys :,aflCj Loan y p. ~Q!;,~,::jSIJ'1 E1lF'IRES SEPT. 25, 1975
Assoc iat ion of Hott Nierce , F lor i~-~~ ~ _ Br,~~ce 3r „~~.r~can e3nxe~s Insurarce ~o,
. . : - ~
Checked By - ~
:.:s
:r, ~
- °soox~~ ~1~ ~
~