HomeMy WebLinkAbout2425 3. To ptace a~d cont~nuous~y keep on the bui d~r.gs now o~ her~,itrr s~t~a~e on sa~d land and on aG . q~~pment aed personalty covzrrd by this mo+
ege, wilh al) pr2ml~mt thrreon pa.d in full, fite ins~rn~~ce ~n tha ~wal s'~nd.+id po.~cy torm, in a wm aHpro+ed by the MOR~`v%+GEE, and windsto
;nsuran~e in the usua~ srandard po!•cy fo~~n, in a wm aFproved by thr h10RTGA.vEE, in such company or to~npan.es as the AtiO~TGAGEE m
d~reit; and all fi~e and w~nclstorm insu~ance po!icea on any of sa~d bu~td~nys, any interest therein u~ part thereof, in the a99«gare sw~ aioresaid
in excess Ihe~eof, shall conrain the uwsl stardard moreg.~gre cu~se or su:h o~he~ c~avse as the /do~tyagee may reqwre, maA~ng ~1,e ~ois under sa~d po , ;
c~as, each and every, payab:e to said A10RTGAGEE as ~n ~mcr~st may appaar, a~,d eacn antl e~c~y nuch po:~c~ shall be promyt:y ass g~~ed and dr~~vered : _
any held by sa~d MORfGAGEE as iw~har sec~~~ty to sa~d n.o~tc~ege d~ut, and. no~ icss tha~ ~en (1p1 days in ad~~~ue of fhr ex~,u;t~on of each poGCy, to d~
fve~ to said MORTGAGEE a renewal the~of, ro~e~her with a ~ece~pt for tA? prcinwm of such ~e~~rwal; a~:d thcre sha:l be ~w f,re or ~nindsto~m insuranc
placed on any oi said bu~ld~ngs, any intaresl there,n or pa~~ thereof, u::lcss in ihe fcrm and v~~~h ~he icss payabie aa afoiesa~d; ar.d in rhe event any sun
of money betonies payable under wch polity oi po!~ues said MORiGAGEE sh.~ll ha~e the eNt,on ro rec_ive w~d apN!y t~~c sa~ne on account o) the i~idabi~•d
r,ess secured he~eby or to permit sa~d IAORTGAGORS to recrive a~~d use it or any ~.~-t ~t,•~:~•of ~o. o:ner i:ur:~~s_~s, t!~ ~l ""F~'-
ing any equity, lien or right undcr or by virt~e of thi~ mo:'gage; and in the evnnt sa.d INORTGAGORS shaH for any reason fail to ktep the sa~d prem~sas so
insured, or fail to delive~ promptly any oi said po~ities of ins~rance to sa~d MORiGAGEE, or tai: p:ompriy to pay f~~iy any p~e~n~~m therefor oi in a~y
respev iait to perform, dncharge, exrcurr, effeu, comp!ew, ca.nply wiih and ab•de by th~s covan~:v, or any psrt hzreof, s.~~d MCiRiG:.GEE may p~acr a a
pay fa such inwrance or any pa~t thereof without waiving or affec~ing any opt~on, iien, equ~ry, o~ n~ht under or b/ v~rtue of thfs Mortgage, and the
f~ll amount o( each and every such paymrnt shall be immed~ately due and payab:e and shail bear interest frvm tha date therrof umil p~id at the rate ol
,r,ne per centvm pe~ annum and to~ethar ~n~!h such intrr~s~ sh,i; be securc~ by the lien of th~s mortgago_
4. To permit, tommit a suffer no waste, impairmenl cx deter~oration ot sa~d property or any parf thereof_
5. To pay all and singuiai the cests, charges and azpenses, including a reasonable atrorney i fee and cosrs of abstracrs of titte, incurred or paid at
any time by sa~d MORiGAGfE, because or in the evem of the fa~iure on the part of ~he said h10RTGAGOR to d~iy, pron,pily and futly pe~form, d~scharge.
~xecute, effeU, complete, comply wnh ard ab:dr by each and every the st~p~lat~uns, agreemanls, tondihons, and covenants of sa~d p~orn~>sory note and ~h~s
n:ortgage any or e~iher, and sa:d cosu, char9es a~~d expenses, each and rvery, shaJ be irr.n,rd~ately due and payable; whe~her or not the~e be not~te da
mand, at~empt to collect or wit pend+ng; and the {ull amount of each and e~ery such payment shal{ bear intc+est irom the date thereof umil paid at ~he
r,,re oi nine per cent~m Ner annc:n; and all sa~d costs, chalges and expe~:s~s incu:red or pa~d, together w~th such interes~, shall be sxured by the lien of th~s
mortgagB.
6. That (a) in the eve~t of any brea:h ot this Mortgage or default on tt~ part of t}~e h!ORTG/1GOR, or ;b) ~n the event any of sa:d sums of money
hereio referred to be r.ot pro~npHy and iully pald w~tl~in thuty (30) days n:.~.a err.~r the s~me se+era:(y becume due and payable, w~iFaut demand o~ notice,
or (t) in the evem each and every the stipu:anens, agreemenu, cond~t~ons and covenams of sa.d pronusso~y nore and th~s mortgage any or e~ther are nol
iuty, promptly and I~~IIy performed, d:scharged, e.cecu~ed, elfected, complered, compi:ed w~th and aL~ded 5y, than in enher w any such eveN the sa~d ag
~regate sum memioned in Said promissory nc:c then remaining ~npa~d, wdn intrrc;t atuued, and ail mo~eys secured hereby, shail becume due and pdy-
ao'e forthwith, o~ thereafrer, at the op!~on o~ s~~d h~ORiGAGEE, as f~Iiy a~~d comp!eteEy as ii all of ~hr s~~d sums o4 money were or~gma~ly st~putated
to be pa~d on such day, anything in sa d prom~ssory ~ote or in th~s hlo~tga~e io ~he connar~ norx~rh:~and~ng; and the~eupon w therealter at the opt~on of
sj:d MORTGAGEE, without not~ce or demand, suit a1 law or in equ~t~, therefore or thereaftzr begun, may be prosecuted as ii all moneys secured hereby
ne~ maturCd Pf~Of 10 it3 instituhon.
7. That in the event that at the beginn:ng oi or at any r~me pend~ng any su~t upon tl,~s Mortgage, or to foreclose it, or to reform it, or to enforce
pa;me~t of any claims he~eunder, said MORTG:.GEE sha~l apply to ihr Co~rt h~~~ng ~urnd.c.~o~ thereof for fhe appo~mmem of a Receiver, such Court shall
forthwith appoint a receiver of said mortgaged property_ail and s~n3ular, inc!ud ~~g o+~ a~:d sn~g~~ar the ir.come, prof~ts, issues and reveoues from whateve~
sou~ce derived, each and every of wh:ch, it be~»g express:y unde~s~oed. ~s 1e:c~y merrgaged as if spec~f~cally set ionh and described in the g~anting and
hsbendum dauses hereof, and such Receiver sheii have all rhe broad a~ d efiecr~ve furc+ cns and powers irt anyw~se emrusted by a Cour1 to a Receiver, and
s. ch appointme~~t shail be made by such Court as an ad~nitted equity and a rt~atier of aLsc~ute rigM to said MORIGAGEE, and without referente to the
adequecy w inadequacy ot the val~e of the property mortgagzd o+ to ~he so.vency or msavency o( sa~d MORiGAGOR o~ the defendants, and thal wch
renrs, profits, incane, ~ssues and revenues shail be appLed by such Recr~ver accord~ng to the lien or equity of said MORTGAGEE and tne pracrice of such
Court.
8. To duly, promptly and fully pe~fo~m, discharge, execute, effect, co-nplete, co~t:ply with and abide by each and every the stipulatians, agreements,
conditions and eovenams in sa~d promissory note and th~s mortyjge set foreh.
9. That in the event the ownersh~p of the mwtgaged prem~ses, or any part thereof, 6ecomes vested in a person other than the MORTGAGOR, the
N.ORTGAGEE, its successors and assigns, may, withovt not~ce to the ttORTGF~OR, deai w~th such successor or successor in interest with reference to this
~r.ortgage and the dabt hereby secured in the same manr.cr as w~th hlorrgago. w;~hout in any way vi::ating or d~stharg~ng the Mcrtgagori liability here-
urder or upo~ the debt hereoy secu~ed. No sale of the Frem:ses h•_reby mo~tgaged ar.d ro forbeara~ce on the part of the /AORTGAGEE or its suctesson
or a:s~gns and no exrers~on of the time for the payn;ent o4 the debs hereby secwed a~ven by the MORTGAGEE or ;ts svuessws w ass:gns, a1w11 operote
~o re!ease, d~scharge, mod~fy change or affect the orig~nal IEab:;~iy of the MORTGAGOR herein, eithe• in whole or in part.
10. If is sperfically agreed that time is of the esse:ue of this co:~aract ar.d that no waiver of any ohligat~on hereunder or of't!i@~o61i~Oti~on !tr 2
cured hereby shah at an~ time thereafter be hald to be a wa~ver oE fhe terms hereof or of the instrument secured herby. ' J~ ~J O ~~t .
, 4.
11. In add:t[c~ to the forego ng month'y paym_nts of ,.rinc pal and i<<t,rest requ~red by the prom sscry no~e secured h~reb'j, (Ydt~~a~•~pvOr?dnls
d agrees ro pay to mortgagee v+,vth each r.~c~~rh;y pa,~.:ent an add~~~cna! s~m esr :•:are:i by morryagee to be equal to L 12 of the ahq~idt~~ }~,jhe~fol(ow-
t
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A-All real property taxes ~ev~c~ or JSS^SSC•O agai•ist ihe ahove descri~~d reat es~ate. ~~~':tai ;
~ . .
i B-Pr~~n:iu~ns o~ f~re and ~vindsto:~n msuracce as nere~~ req~.red to be ca~ried en the ~mprovements s~tuate on the abo4e delcribd~p~4w+ifls.;. ~ X'
~ C-Premiums o~ such mo~tgage guaranty ir.sura~,ce as mortgagee sha~i fro~r t me to t~~ne drem fit to carry on the {oart ~~red ~e~eh}r~•~ i
~ Moregagee s6a!I frcm time to tlme nonf~ mortysgor ~n writ~ng of the a:-~ou~t d~e and payable hereundar and s~ch su:~'shdll ~lbereu} n~~ie'~at~ , i
; : syable on the due date of th> next manthiy payme:~t and each successive month thereaft:r ur:til mcrtgagee sha!I notify mortgag4r~o1'a.ebsa~e ' sutf~
~ -~~ount. Such sums shall be app:ied by mortgag^e roward the payment ot real property taxes, ins~rance prem:ums, and mortgays ,~V~~y_'i~tance
•e~niums.
~ IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and ear first aforesaid. - '
~ Signed, Sealed and deEivered in the presence of, E~VS IO' t~A''~
t B~' : stt'q ~
~ , ay . es, r.
~ fIlEO AtiD RECORDEO
R • St. LUCIE ~OUMTtr FI.A. At t es t ~ ' ~a'~ 4
~ ROG:n R~~TRAS P~fricla . ines, ecre ary~~a~~
CtE^K~ :'.:UtT COURT reasurer «sn
~ r~.v_r
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~ ~ I~ut 1l 1.2 ~6 PM'7t ~
~ STATE OF FLORIDA ~ COUNTY OF 5T. IUCIE
~ I HEREBY CERTIFY, That on this ~y day of-_- ~farch , A.D. 19 , ~
~ Pa*_rici•~ A. Sines #
~ before me personally appeared -~~_~nQ
L• Sines , Jt. , and ~
~ respectivefy President and _ _ - Secretary - Treasurer , pf ;
"r.t
~ W.1Y`:E CO'VSTRUCTI~v CO~~':'l.~Y Flarida ~
_ a _ _ Corporation, to me
known to be the persons described in and viho executed the foregoing instrument, and severally acknowledged the exe-
cution thereof to be their free act and deed as such officers for iF~:~u,~p~ an~. pursoses therein mentioned; and that they
. _ ' _ S i.
affixed thereto the official seal of said corporation, and the.~ts~.inSt~rmaht is the act and deed of said corporation.
. •
'v1lITNESS my hand and official seal at Fort Pierce said county nd staTe.
: Ihis insttument prep~red by : •
~ ?ich~rd K. Kayes ~ .yotary.ptypljc, and for Sta and County aforesaid.
Fizst Federal Savin~s and :..oan : My ~or~~hmiuion Expires: d, /~7~
~+ssociation of Fort Piezce, Florid,a - ~ ~ , -
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~ C~ ` NOTARY PilRr !C ~TATE OF FLORIOA AT LARGE
Checked By Lt~ MY COMMiS^:tON €XPI~~S AUG. 6. 197~
4== GENERAL INSURANCE UNDERWRITERS, INC.
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