HomeMy WebLinkAbout2594 9. To place and cont~nuously kpep on the bw'dings noyv or hercafser s~ruare on s3:d land ar.d on a?~ eq.,~pmrm a:~~d pe~son~!ly cover~d by this mw
age, w~~h all p~emi~ms ~!,ereon pad in lu~l, f~~e insurance m ine VSJBi sra~~dard po.~cy Form, in a s~m a~pro~ed br rh~ MJR~v:.GF[, a~d w~:~dsro
~~~urante in ths usual sranda~d pol.q foim, in a ~um appro.ed by the A10RTGAGEE, in wch co:npany or compan~es as ~he A10RiGAGfE m
d~ree~; and all fire and w~ndsroim ~nsu~ance poi~ues o~ any of sa~d bu~!d.~gs, any interes~ ~he~ein or part ehereof, in the aggr,•ga~e ?um aro~esa~d
i
in exceu ihereof, shafl :ontam thr usual sra~~da~d mortgaqee c~ause or s~ch o~hsr c~ause as the Mo~tgagee may requ:ro, maMi~g the ~osi vndrr se.J po
c~es, esch and every, pa~ab!e to sa~d MORTGAGEE as ~ts in~errs~ may appear, and each and every s~ch po~~cy shall 6e prompny ass gned and de.~.crrd
any held by sa~d MORTGAGEE as fwrher secur~ry ro sa~d mo~tyage deot, a~td, no~ ~ess than ten (t03 days in ad:,~nce oi tt~e e..p»ef~on of each pot~cy, ro d.
Gve? to said MORTGAGEE a renewal the~eot, ~ogeihr~ wi~h a rece~p~ for the premium of s~ch rene~val; and ~here sha!1 be no i~ro or w:~.d,ro~~n ~n~urant
placed on any o1 said build~ngs, any ~n~erest there~n or pa~t thereof, unleas in the form and w~fh the ~oss payable as afo~esa~d; and in the e~enr any su~
o~ rtwr+eY beton+es payable under such pol~cy o~ pol+c;es se'~d h10RTGAGEE afieil ba,~e tha opt~on to rece~ve and app`.y tne sa~ne on accoun~ oE ~hr i~~drb<<•d
neas secwed her~by w to permil said MORTGAGORS to reczive and use il or any part the;eof tcr o:n~•r p~rasrs. v.~fnc~t fh ~3 „r ,•~p._~r
ing any equity, lien or ~ight u:uler or by virtue of this morryage; and in Ihe eve~t sa:d MORTGAGORS sha!1 for any ~tason faif ?o keep ~he sa;d prem~s=s so
ins~red, or (ail 1o detiver promptly any of sa~d pol~c:es of insura~ce to seid MORiGAGEE, o~ fa~l promptty to pay fu:ly any pre~~u~~n !herzfor or in anr
rospect fail fo perfwm, d~scharge, ezecute, effcU, compfete, co:nply with and ab~de by thit cove~ant, or any part hrraof, sa;d MGRi;,AGzf n,ay p;a;~ a a
pay fa such insuran~e or any parf rhereof w~~hout we;ving w affecting any opt~on, lie~, equ~ty, o~ n~ht under or by v~rtue of rh~s Atortgagr, and ~hE
fuil amovnl of each and e~•ery such paymeM shall be ~mmediately due and payable and sha~l bear intrrest trom tFw dete th~reof uri~il p~~d at ~he rotr of
n~ne per centum per annum and togethrr wiih sucn mterest sha~i be srcured by the lie~ of this mortgage.
1. To permil, commit or s~Ffer rto waste, impairmen? or dererioration of sa~o property or any part thereof.
S. io pay al! and sing~la? tF~e coils, tharges and expenses, ~nciuding a reasoneble at+aney's fee and costs of abstrec?s of titte, incur.ed or paid ar
eny tim.e by sa~d MORTGAG:E, betause a in the event of the ~a~lure on the part of ~he said MORTGAGpR to duly, promptly and f~~ly perform, d~s:h,~:ge
e,cecute, effect, comp(e1e, comply wdh and ab:de by each and every the st~puJar~ons, agree~nents, tond~t,ons, and cove~anrs oF sa~d pro~n;ssor~ note a:.d rh»
n,ortgage any or e~ther, and sa d costs, tharges and e~epensas, each and every, shaq be immed~atety due and payable; wherher or not the~e be no~~ce d~
mand, attempl 1o cotl~t o~ tuit pendmg; and the f~l! aenount of each ar,d ev~ry such payment shall bear ~nt~re:t from the date thereof unri4 paid at rhe
r.:re os nine per centum prr ann~ n; and ail sa~d cos~s, cha~gei and expensea ~rccurred o~ Faid, rogether w~th wch interest, shatl be secured by the uen of th,~ ~
mortgige. ~
6. That (a) in the event of any breach of thia Mortgage or default on the part of the A10RTGAGOR., or ;b) in the event any of sa:d sums of money
here+n referred to be not promptly and fully paid w~~h;n rh.~ty ~3J; da,rs ne,t aite~ fhe same severa:iy Ceco^ie due and payabtr, v.ifhour demand o. nonce,
cr (c) in the event each and every the stipulations, agreemenn, co~d~~~ans and tovananre of aa.d promissory notr and th~s mortgage any or e~~he~ are ~ot
i~1y, promptly and fully pe~form~d, d;scharged, execured, efiecred, cwnptered, compl~ed with and ab~dnd Sy. ~hen ~n e~rher or any such eve~t ~he sa;d ag
~<<~ate sum rtiemioned in said promissory note then remaining unpa;d, wrth interest accrued, and at~ moneys secured hereby, s~atl bacume due and pay
ab'.e forthwi~h, or th~reafter, at the opt~on of sa~d MORTGAvEE, as fuNy ar.d completz~y as if afl of the sa~d :~ms of money werr or,g~na.iy st~pu,ared
ro be patd on such dFy, any~hing in sa.d prom~ssory note ar in th~s Mortgage to the conirary nor,n;~F1313~~d~ng; and ~hereupon or therp~frer a~ ~he op~ on cf
sa.d MORTGAGEE, without ~ot~ce or demand, suit at ~aw or in equ~ty, tharefore w thereaf~er begun, may be prosecuted as if al~ moneys secured hereby
n~d mawred pnw to ds insGt~tlon.
7. That in the eve~t that at !he be9inn~ng of or at any t~me pending any su~t upon th~s Mortgage, or to fweclou it, w to reform it, or to enforce
p3ymenl of any c'.aims he~eu~der, sa~d AtORTGAGEE shall apply ro the Co~rt hav~ng ionsd.cf:on thereof !or ~he appo~ntment of a Rete~ver, svch Ccurt sha~t
forrhwith apparo a receiver ot said mortgaged property atl and s~ngu~ar, in~iud.ng a~l and s~~~gu,ar tFre ir.come, prof~rs, ias~es ar.d rever.ues from wh,tr~er
so~rce der~ved, e~ch and every of wh:ch, ~t be~ng eapress:y undersrood. n hereby morrgaged as if speuficai~y ut iorth and descnbed in the granring and
haben~+~m da~ses hereof, and such Receiver shali have a11 the br~ad ana ef!ettive funct.ons ar.d powers in anyw~se entrusted by a Cou~t to a Rec~~~er, a:+d
s: ch appointmenr sha11 be made by wch tovn as an ad:niterd equrty and a matre~ of abso~ute right ro sa~d MORiGAGEE, and wirheut referer.ce to the
adequacy or inadequacy of the vafue of the property morrgaged or to the so.vrncy o~ ~nso~~ency of sa~d MORiGAGOR a ttw defrndants, and that such
re-,rs, profits, incane, issues a~d revenues shait be appiied oy wch Receiver accord~ng ro the lien or eq~lry o( sad MORiGAGEE and the pracnce of such
Court.
8. To duly, promptty and fully perform, d~scharge, execute, effect. complete, con.pfy w~fh and abide by each and every the sl~pu;at~ons, ag~ee~nents,
conditions and tovenants in sa~d promissory note and this mo~tgage set forth.
9. That in the event the ownership of the mortgaged prerr~~ses, or any part rhereof, becomes vested in a person cther than the MOR!GAGOR, the
:'•ORT(;AGEE, its successors and ass~gns, may, wi~hout nonce to the 1dORiGAOR, deat with such wccESSO~ or succes:w io interest w~~h reference to th~s
~~crrgage a~d the deot hereby secured in the same manner as wnh Mortgago. w~thow in any way vit:ating or d~xharg~ng the l.tortgagors' liat~+~ry h,ere.
under w upon the debt hereby secvred. No saie of the pem~ses hereby moitgaged ar.d no forbearance on the part of the h10RIGAGEE or ita successors
or assigns and no eatensio~ of the ~ime for the payment of the debt here5y secured given by the 1J10RiGAGEE or its successors or ass.gns, a:.alt operaie
ro re~ease, d~scha~ge, modify change or affect the orig.na! liao-i,ry of rhe MORTGAGOR htre'~n, either in whole or in part.
, 10. It es sper'iiratly ag.e~d that time is of the essence of this contract and that no waiver of any ob~~ganon hereunder or cf the obligaYan se-
c~:ed hereby snali at any time thereafter be heid to be a wai~er of the terma hereof o. of the instr~mem secured herby.
11. In add.rion to the iorego ~,g monthly paym_nts of p~„c pal and inrares~ requ~red by the p~om!sscry nore soc~red ha~eb~, ~~ovenants
and agrees to pay to morr~agec v~~rh each monrhiy pay~.~enr an add~r~onaf sum es'.:~ ated b~ mortg~gee to be equai to i 12 oi r:,e ar~ual,~ ~ of the foilow-
~~,g: -
~ ' ~III.ii~~...
A-All real property taars levied or assessed agai•~st thc a6ove described re-al esfate. -•~t S
t. ' ' ~
B-Prcrr.~ums on fire and windsto:m ~nsuracce as nere~n ~eqv:red ro be ca..~ed on the ~mcroveme~ts s~tuate on th~ abov! ~escr~~'premise~l.,~~ i
C-Premiums on such moreg,ge guaranty ir.surar~ce as morrgagee shap from Yme ro rs~ne deem fit te carry on the loan ~ 6~reb ?
. Y' .
Nlortgagee shall from ti:ne to t~me notify mcrtgagor in wr;tmg of the arroum due and payable he•eundrr and such su~ ah~lf ther u~n jlue'.ana
: ayable on tM~e due da~e of ~he next ntonth'.y payment and eacn successive month thereafr~r ur.tii mortgagee sha!I notlfy mprfgago~ o ,cna~yn i;l~
~:ounr. Such sums sha:! be app;rrd by m.o~tga~ae toward ehe aaymenl pf ~eal property *aaes, insurance prem:ums, and mc~.tq3~e ~arenty ~~wre~
n~emiums. . t~ - . ~ .
: ~
IN WITNE55 `:~NEREOF, the said MORTGAGOR has hereurto xt his ha~d and seal the d y nd year first fo id. ~~~r~ `
Signed, $eated and delivered in the presence af: ~ EZRY1h' $$T(~p(~. 111jC ~
BY: t~ i .
- . (Seaq
fILEO ~+e0 RECORDEO , o p oni, res .
. LUC~E :.OtJMTY FLA. S (~a~)
- ROCE« ~J~'RRS / (Seal)
CLEAK ..;,~uT COURT~ T• -~-(Seaq
. - - p`~"~ ; y~; iFC-~ - , Blanche Peoni, ecretarY _
2~4~9U ~e 13 !0 ~ AM'?2 ' - '
STATE OF FLORIDA COUNTY OF ST. LUCIE i
I HEREBY CERTIFY, That on this ~~day of~~__~ Febru~ry _ , A.D. 19 72 ~
.
before me personally appeared JosePh Peoni and glanChe Peoni
respectively president and _ _ Secretary _ ~
, of
~~ryw~a~her Invest~uent Co., Inc. a Florida Corporation, to me
kncwn to be the perso~s described in and who e;cecuted the foregoing instrument, and severally acknowledged the exe-
cution thereof to be their free act and deed as such officers for the uses and pursoses therein ment;oned; and that they
affixed thereto the official seal o.' said corporation, and the said. instrument is the act and deed of said corporation.
WITNESS my hand and official seal at Fort Pierce , said county d state.
This instrument prepared by ~
John t!?. Coll ins
First Federal Savings and Loan Notary Public, nd~-for Stare and Counfy aforesaid. :
Association of ~ort Pierce, Florida My Commiss+ xFSires: i Q~.S"' j
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+
Checked By~_^.__ NOTARY PUBUC S~ATE OF FlOR1DA AT LARa! ~
MY COMt.lISS}dN EXPtRES AUG. b, 197~
GENERAL INSURANCE UNDERWRITERS, INC.
80GK~~ pA~~~