HomeMy WebLinkAbout1989 3. To place and conri~uousty ieeep on the bui:d~ngs no~+v o~ hereaf~er si~uare on said land and on alt equipmrnt and personally covered by this ma
egs, w~~h all premivins thrreon pa~d in f~ll, f~re ins~rance in the usuaE stm•3j~d po:~cy form, in a svrn a{.p~o+ed by the MUR~GAGEE, anJ wind~to
fnsurante in the usual s~andard pol!cy fam, in a s~m a~pro~ed by the h10RTGAGEE, in such tomNany or tompan~es as 1~e MORTGAGEE m
d~rect; and all fire and windstorm insu~ance poGcies on ony of se~d bu~Id~ngs, any inrerest therein or pa~l thereof, in the aggreqate aum afaesaid
in e~cess thercof, shall ;ontain ~he usual standjrd mo~t93gee ciause or such o~her clause as the Mortgagre may requ~rs, maM~ng fha ~oas undr~ sa~d po
c~es, each and every, payab'e to sa~d MORTGAGEE as ~ts in~erest may appea~. and each and every such po':cy shall be promptty ass gned and deGvared ti •
eny held by ~aid MORIGAGEE as Further sccurity to wid mortgage debt, and, not less than ten (10) days in ad~ance o~ the expi~atoon of each pot~cy, to d.
I~ver to said h10RTGAGEE a renewal Ihersof, togeihrr v.ith a recr~pt for the prr~t~~um of wch renewat; and tl~ere shall tr no f~re or windstoim insuranc
placed on any of sa~d build~ngs, any ~nte~est therei~ or part thcreof, ~nlrs~ in ihe form and wi~h the loas payaole as aforesaid; and ~n the eveN any sun ,
of money becomes payable under such poGcy or poGues sa;d AtORTGAGEE sh_~II have ~he opf~on to reca~ve and appfy tl~e same on account of the indebecd
nesi secwCd h2~eby o~ to permit Said MORTGA('iOR$ lo rece~ve and uSe it ot any part the~eof for o:i~~•~ pu~~~osri. c~~~~~:,~t th~.~c~~ ~vci~.i•~y o~ ue~pair
irg any equ~ty, lien or r~ght undcr or by virtue of ~his mortyage; and in the event sa~d A10RiGAGORS shaU Ew any reason fail to I~aep the sa~d prem~srs so
~nsured, or fail to deiiver prompfly any of sa~d poLcies of insurance to sa:d MORTGAGEE. or fail promp!ly to pay tu~ly any prFnu~m therebr or in any • ~
respect fail to perform, d~scharge, exacute, eife:t, cwnptrtr, co:nply wi~h and ab~de by this covenant, or any pari hareoi, said MORiGAGEE may place a~~d
pay !o~ such insurenta o~ any part thereof w~thout wai~i~g or affecting any opt~on, lien, eq~~ty, o~ n~ht undcr w by vi~tue of thls Mwtgagr, and the
4ull amount of ea~h and e1ery suth payrnem shall be immed~arely dve and pa~abte and shall bear iroerest from the date theicof uroil p.,id at the rate ol ' p
n:ne per cenrum per annum and to~e~har v.ith such ~nterest ih~i~ be sr.ured Ly the lien of this mortgage. {
4. To permit, commit or suffer no waste, impairment or detrrioranon of sa~d property or any part thereof.
5. To pay all and singular the costs, charges and expenses, including a~easonab!e atro~ney's fee and costs of abstracts of t~tle, incurred w pa~d at
any tirr.e by sa~d A40RTGAGEE, because a in the event oi ths faiiure on the part of thc said MORTGAGOR to duly, promptiy and fu~ly perform, d~tcharge, !
a.rcute, e(iect, tomptete, comply w~th and ab:de by each and every the stipulaf~ons, agreements, tondit~ons, and covenants of said promissory note and ihis
~~orrgage any o~ ei~her, and sa:d costs, charges and expenses, each and every, shall be immrdiately due and payable; whether w not the~e be ~otice dz }
r.,and, attempt to collect or s~it pend~ng; and the full arno~nt oF each a~:d everY such payment shalf bea. interest from the date thereof until paid at the ~
r.•~e of nine per centum per annu:n; and ali said ccsts, chargea and expenses iruurred or paid, together wrth such iroerest, ihall be secured by Ihe Gen of th~s '
mortgage. ;
6. That (a) in the event ef any breach of this MorTyage or default on tF~r part of the MORTGAGOR, or (b) in the event any of w:d sumi of money
h~~re~n re'erred to be not pro~nptly and fully pa~d v~;rtun tnirty t3J) days next as~~r the same severa'!y becon~e due and payab!e, wi~lwut demand o~ notice,
or (c) in the event each and every ~he stipulat~ons, agieements, cond~sions and covenams of sa.d prom~ssory note and ~h~s mortgage any w either are not
~v.y, p~omptly and f~lly pe~formed, d:stharged, exec~red, effected, co~npleted, compLed with and ab~ded Sy, then in eaher or any such evero the sald ag
g-egate sum mentioned in said promissory note then remain:ng ~npa~d, w~th intrre;t acc~ued, and all moneys setured hereby, shall betome due and pay
no e forthwith, or thereafter, at the option of sa~d h1pR1GAGEE, as fuliy a~x! cortip!e~ely as ii a~l of the said s~ms of money were onginatly snpu~aied
ro be pald oo such day, anyth;ng in sa.d pro:n~ssory note or in th~s 6tortgagr to ihe contrary notwi~hstand:ng; and thereupon w thereafter at the option of
s~ d MORTGAGEE, w~rhout nonce or demand, suit at law or in equ+ty, ther~iore or thereafter beguo, may be prosecuted as if all moneys secured hereby
r.; d matured pnor to its institution.
7. That in the event thaf at the beginn~ng of or at any time pe~:d~ng any suit upon this Mortgage, w to to~eclose it, or to reform it, or fo enforce
payment of any tlaim.s he~eundcr, said MORTGAGEE shali apyiy to the ~o~rl hav~ng iunsd~ct:on thereof for ~he ap~intment of a Receiver, such Cour1 shaN
fc.:thwith appo]nt a receiver of said mortgag~~d property all and singvlar, inc+~~ ng all and s~ngu~ar the income, profrts, iswes and revenves from whateve?
s=urce drrived, each and every of wh.ch, i~ ~e;ng express'y vnc~e~s+ocd, is hereby morrgaged as if speoficalty set iorth and deacribed in the g~anting and
hsbendum dauses hereof, ard such Rece~.•er shaU have ali ~he b~oad and ESEBCh~C fu-~cr.o:n and powers in anyw~se emrusted by a Court to a Receiver, and
s_ch appointment shall be made by such Court as an adnitr~ci equity and a~ancr of a~solute nght to sa~d MORTGAGEE, and without reference to the
ad~quacy or inadequacy of the valUe oi fhe property mo~~gaged or to the so.venr~ or ~n:G~vCnCy of sa~d MORiGAGOR or the defendants, and that such
r~~nis, profits, inco.ne, issues and revenues ~hatl be appi~ed by such Rece~ver accord~ng to fhe lern or equity ot said MORTGAGEE and Ihe practice of such
Court.
8. To duty, promptly and f~l!y perform, dis:harge, execure, effecr, complere, comply vn~th and abide by each and every the stipulations, agreements,
~onditions and covenants in sa~d promissory note and th:s mortgage set forth.
9. That in the eveM the ownersh~p of the mortgaged pre~uscs, or any pa~t thereof, 6ecomes vested in a person other than the MORTGAGOR, the
:'.ORTGAGEf, its wccessors and ass~gns, may, witho~~t nor~ce to ~he MORTGApR, deai ~v~~h such successor a s~ccessor in interest wi~h reference to this
n,o~fgage and rhe debt hereby secured in the same manr.er as w~ih RSorrgago~ w~thaut in any way vit:ating or d~scharg~ng the Mortqagori liability here-
under or upon the debt hereby secvrrd. No sale of the Fre~.:ses hereby mo~tgaged ar.d no forbearan~e on the Fart of the MORTGAGEE or its suctessws
or assigns and no exrens~on of ihe t~me for the payment of the debt h~~eby sec~red g~ven by the IAORiGAGEE or its successors or ass;gns, ai~all operate
~o ~e+ease, d:scharge, modify change or affect the orig,real i~a'u.;ny of ihe bCURTGAGOR herein, either in whole or in part.
10. It is speufically a9reed that time is of the esse~~ce of tn~s contracr and that no waiver of any obligat~on hereunder or of the oblgation se-
cvred hereby shali at any time thereaher be he'td to be a wa~ver of the terma hereof or of the instrument sec~red herby.
11. In add.tion to the forege n9 month!y paymen!s of pri~c pa! and interest ~e~u~red by the prom ssory no!e secured hereby, mortgagd tovenants
d ayrees to ;wy to n:e•igagee ,n~rh each monrh:y pay:..ent an add::~o~~at s~~~n est•:, ared b~ morryagee to be equai to 12 of the aa~ual cost of the fofbw-
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A-All ~eal propc:ty taxes levi~~ or assessed ega~•~st fhc aoove describ~d r~a~ estate. " C~' -
' ~ ,
B-Pf~?li:~UT.S on fire and v~ir.dsto:m insvrar.[e as h?r<~n req~:red to be carried on 1he :m;:rovemenis situate on The above a~scri(ie~d•premdfAfi;~~•
; C-Premiums on such mortgage gua~anty ir.sura~.ce as morrgagee shall fre~*: i me to time deero fit to carry on the loan sec}~rt~' here~
' Mortgagee sha`I from t~me to time not~fy mortgegor ~n w.it~nq of the a~::o~~t due and payable hereundar and such su~~ shalrthereuRon be due9nSl
~ : 3vabte on the due date of the next monthi a re. ~t and each svccessive month thereaft=r u~:ti! mort a ee shall notif mort
; r P Y' 9 9 Y 9a~br qf q.chaoge in sLth
o~nt. Such sums shail be app!ied by mortgagee toward the payment of rea! property faxes, inwrence prem:ums, and mor~ga~~.'9u~rerity lnswapee
~•emiuTi. ~ '
~ IN tYITNE55 WHERcOF, the said MORTGAGOR has hereunto set his hard and seal the day and year first aforesaid. ~~..C~~•~
$
j i ned, Sealed and de ' r 'n the presence of: • 7. ~i' ~Ci • ~ .
~ tE0 FK~ AEC~R~EO By: ~ - • ~Sea1) i
~ l~,IUCiE COUN r~~- J. W. Di ide'
~ - IIOGE* ?OITRAS Seaq
' ~~4LER~. :"vUIT COUaT i At?~St.. " ~5eaq
~ _ RlcoR~ v~k:f~EO~~. Martha Dickson, Secretar3r-Trea~~r
~ _ _ _ _ ~z~ ii»~•7z ~
2;259fi3
~ STATE OF FLORIDA COUNTY OF ST. LUCIE
~ 1 HEREBY CERTIFY, That on this -,~~day of- ~~h , A.D. 19~,
~ Martha Dickson
' before me personaily appeared J. W. UiCkson and
~ respectively President and - Secretary'T2`easu2'e~' , of
~ E. Z. E~ II1C. a Florida Corporation, to me
~ known to be the persons described in and who executed the fo~egoing instrument, and several{y acknowiedged tne exe-
- cution thereof to be thei~ free act and deed as such officers for the uses artd pursoses tt~erein mentioned; and that they ~
- affixed thereto the official seal of said corporation, and the said instrurr~nt is the act and deed of said corporation.
WITNESS my hand and official seal at Fort Pierce ~ari~ , said county a ttate.
r :'~:is instrument prepared by John W. Colli,.na
`1 ~irst rederal Savings and Loan Associatiott ~ ' '
= of Fort Pierce, Florida~ (lbtary Public, in for State and CouMy aforesaid.
_ : • My Comaiission pires: 6, / ~7~T'
.J~ ' hOTARY P11R' tf. STATF OF FI ORIDA AT LARfl!
....E. . uv r~tu~~AtSSIdN EXPIRES AUG. 6, 1975
~ 3ENERAL INSURANCE UNDEi2wtZiTEFcS, i1~fCw
~.,p
_ Checked By~`~_- ~ f
- RECEfYED s~.- IN PAYME!'IT Oi TAXEt
:w WE ON CIASS 'C INTANGIBLE PER90NAl PROPERIY.
~j O ~~h~ P1lRSl1AHT TO CFMPTER 7I•13{, ACTS Of 1911. N~~
= 80U1~ v ItOGFJt PqtMS? cwt awlt oorf, ~t. t~oM oa ;
~ ~
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