HomeMy WebLinkAbout3002 3. To p~ace and continuously keep on the bu~:d~ngs ~ow o~ heresiter ~it~ats o~ said land and on all equipment and personally covered by this mor
ege, ;vi~h all premiums ~hercon pa~d in iuil, lire ~~surance in the usuat standard po~~cy form, in a sum approved by the MOR~GAGEE, and windsto
~nsurance in the ~sual s~andard pot~cy io~m, in a sum approved by ths MORTGAGEE, in su4h compa~y or cw?~pan~es as ihe MORTGAGEE m
d~recq and all fire and w~nds~orm i~surance po~~cies on any o( sa'id build~ngi, any interest tl~erein or part thereot, i~ 1he a99regate sum afortsaid
in exceis thereof, ~hall comain ~he usual standard mongagee clause w such other clause as ~he Matgagee may~rcquhi, makirig the ioss under sa'~d po
c~es, each and every, payable to sa~d MORTGAGEE •as i~s inte~est may appear, and each and every~ iuch poi~cy shal~ ~~e; pcomDl~Y ass.yned and delivered ~
any held by ssid MORTGAGEE as further security tQ saiil mor~gage dlbt, a~d, ~ot leu lhan tan (10~;days in advanc oE the e~piratiw? of each pol~cy, ~o d~
Irver to said MORTGAGEE a rcnewal thereoF, together with a rece~pt fw the premivm ot i~+ ~e~
al; vicl ~her~ihall ~e no flre or w~odstoim insuranc
placed on any o( sa~d buildings, any interest therein or par~ therewf, unless in the (orm a`'#d witli 11i1F loss payable as aforesaid; and in the event any sun
of money becomes payabte under such po~~cY or Pe~K~es said MORTGAGEE shall have the opuon ro rece~ve and apply the same on account of the indeb~ed
ness secured hereby w ro permit said MORTGAGORS to reteive and use it w any part thereof for o:ner pu~E~ses, v.i~ho~1 ~h~.ab~ waivi:~3 cr ~n,p~ir~
ing any equ~ty, lien o~ righl unde~ o~ by virtue of this mo:sgage; and in the eve~t w~d MORTGAGORS shall fw any reason fail to keep the sa~d p~emises so
insured, or fail fo delive~ p~omplly any ol said polities of insurante to said MORiCaAGEE, w fail promptly to pay futly sny pre~nium there4w or in a~y
respect fail to perfam, discharge, execute, ei(ect, complete, comply with and abide by this cove~ant, or any part hereof, said MORTGAGEE may p~ace and
pay for such insurance w any part thereof without waiving or affecting any option, lien, equity, or right under w by virtue of this Mo~tgage, and ~he
full amou~t ot each ar.d every such payment shall be immediately dve a~d payable snd shall bear interest from the dare thereof u~til paid at the rate ot
nine per centum per anrtum and to~ether with such interest shali be secured by /ne lien of this mortgage.
1. To permit, tommil or svf(er no waste, impairment o~ deteraration of said property w sny part thereof.
S. To pay all as~d singulu the costs, charges and expenscs, including a reasonable attaney i fee and costs of abs~~acts of title, incurred o? paid at
any time by said MORTGAGfE, becauu o~ in ~he event of the failu~e on Ihe psrt of ehe said MORTGAGOR to du~y, promptly and fully perfam, d~xharge.
execute, effect, compkte, comply w~th and ab:de by each and eve?y the stipulations, agreemenb, cond~uons, and covenants of said promiswry note and ~his
mo~tgage any or either, and said costs, charges and expenses, each and every, sMll be immed~ately due and payable; whethe~ w not ~here be no~ice da
mand, attempt to collect w suit pending; and the full amount of eacfi and every s~rch payment shall bea? interesl from the date thereof until paid at the
r, ~e oF nine per centum per an~~um; a~w' all said costs, charges and expenses incu~red or paid, ~o9e~her w~th such interest, shall be secured by the lien of this
mortgage.
6. That (a) in the event of any bresch of this JNoregage a default on the part of the MORTGAGOR, w(b) in the event any of sa~d sums of money
herein referred to be not promptly and fully paid within thirty (30) days next after the same xverally become due and payable, without demand or notice,
or (c) in the event each and every the stipulations, agreemcnts, cond~tions and covenants of sa:d promissory note and th~s mortgage any oa either are nol
iuty, promptly and fully perfwmed, d~xharged, executed, effected, compkted, complied with and abided Sy, then in ei~her w any svch event the sa~d ag- ,
gregate sum mentioned in said promissory note then remaining unpaid, with interest accrued, and a11 moneys secured hereby, ihall become due and pay- ;
ab:e forthwith, o? thereafter, at the opt~o~ of said MORTGAGEE, as fully ard completely as ii al! of ~he said sums of money were agi~ally st~pulated !
ro be pa~d on such day, anything in sa:d prom7uory ~ote w in this Mortgage to ~he co~trary notwithstand~ng; and thereupo~ or ~hereafter at the op~ion of
said MORTGAGEE, without notice or demand, suit at law or in equity, therefore or thereafter ~egun, may be prosecuted as if all mot?eys secured hereby ~
n~d matured pnor to its iastitution. '
7. That in the event that at the beginning of or at any time pending sny su~t ~pon this Mwtgage, or to foreclose it, or to refam it, or to enforce
payment of any claims he~eunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof tor the appointment of s Receiver, such Court shatl
fo~thwith appoi~t a.eceiver of said mortgaged property all and singular, inctud~ng all and singular the income, p~ofits, issues and revenues from whatever
source derived. each and every of whKh, it being expreasiy understood, is hereby mortgaged as if spec~fically set forth and desuibed in the granting and ~
habendum clauses hereof, and such Receive~ shall have all the broad and effective funct~ons and powers ~n anywise eritrusted by a Coo~~ to a Recelver, and
s~ch appointment shali be made by svch Court as an admitted equity and a maner of absolute right to said MORiGAGEE, and without reference tu the
adequacy or inadequacy of the value o1 the property mor~gsged or to the sotvency or ~nsolvency o( said MORiGAGOR or the defendants, and that such
re~is, profits, incane, iu~es and revenues shall be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practice of such
Courl.
8. To duly, promptly and fully perform, discharge, execute, effect, complete, comp~y wilh and abide by each and every the stipulations, agreements,
cond~Yaru and covenan~s in said promissory note and th~s mortgage set fwth.
9. That in the evenf the ownership of the mortgaged premises, or any part thereof, becomes vested in a pe:son other than the MORTGAGOR, the
MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successw ot successor in interest with reference to this
moregage and the debl hereby secured in the same manner as with Mortgagor without in a~y way vitiating w discharging the Mortgagors liability here~
urder w upon the deb~ he~eby secured. No sale of the premises hereby mortgaged and oo fwbearance on the part of the MORTGAGEE w its successws
o~ assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors w au~gns, atiall operate
~o release, discharge, modify change a affect the original liability of the MORTGAGOR herein, either in whole or in part.
10. It is spec~ficatly agreed that time is of the essence of this ca+tract and thst no waiver of any ob~gatio~ hereunder w of the obliysYan se-
cured hereby shall at any time thereatter be held to be a waiver of the terms hereof ot of tl~e instrument secured herby. -
11. In add~tioa to the fwego:ng monthly payments of p~inc'pal and interest required by the promissory note secured hereby, mod~spOr townants
and agrQes to pay to mortgagee with each monthty payr,ient an add~rional sum estimated by mortgagee to be equai to 1 j 12 of the annual cost of ~ie'f6~bw-
+
~i~9' E . a , ' .
A-All real prope~ty taxes levied or assessed against the above deuribed real estate. -`:~~~~L';;~..
B-Prem~ums on fire and windstorm insurar.ce as herein requ~red ro be carried on the improveme~ts situate on the above ds~tri~ed prem~"~'ses.
C-Premiums on such mwtgage guaranty insurar~ce az rtwrtgagee shall from time to time deem fit to carry on the loan se[qred hereby.
Mortgagee shall from time to lime notify mortgagor in writing of the amount due and payable hereundrr and such su~ shatl thereupon b'l-d~e, snd
csyabie on the due date of ~he next momh!y payment and each successive month thereafler urtil morigagee shall notify mOrtgagQt of a[ban~t ~n svch
~~~ou~t. Such sums sFa~l be applied by morrgaqee toward the payment of real property ta:es, insurence prem:ums, and iporigs~'zpVaFfnt~, ir~tY~i~te j
~ piemiums. ~ ' ~i- ~ ' .
I . : ~ i
WITNESS WHEREOF, the said MORTGAGOR has hereunto xt his hand and seal the day and ear first aforesaid. ~
ned. Seal and de ' ed in the presence of: LAKfi:•X~O D P bSETHO I$ CHt~CH~~ •
3l' 'q ~
FtIED ~ND f:ECOROEp J r r K g, r i en t
S~.IUCIL GOUNTI? FIA. ' (sean
RGi.: - +'J~jRAS Atte_ , ~aq
CLE~ r C~' ~~IT COURT t,~ , yon c ar
- - ~Trr..R~ _ °~irl1~ ~ -ISeaq
- - - - - - - - - - - _ - - -
A~t 1~1 ~I is ~M'1Z ~?43~'
STATE OF FLORIDA COUNTY OF ST. LUCIE
I HEREBY CERTtFY, That on this day of ~pr i 1 , A.D. 19 ,
Jerr . Y. ine E. Ryon, Sr. ,
before me personally appeared y - and
}
respectively President and - Secretary , of ~
_;_,:'.t:~t~t'~OD PARK ~tETH~?DIST CNURCH~ IVC. a Florida _ _ Corporation, to me
~ known to be the persons described in and who executed 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 mentioned; and-that they
affixed thereto the official seal of said corporotion, and the said instrumPnt is the act and deed of said corporation. ~
tiYITNESS my hand and official seal at Fo(#. Piejce . , said county a state. 1
:his instzwvent p;epargd ~ ~ • ~
E.~Bz zun Seni~r Vic ,F~'@sident Notary Public, in d for St te an~Co"urn~ ~foresaid.
~.rst reder~:t S~ving ~pg~ ~ My Commissio» xpires: ~y- ~
~'s~ociation of Fort ~ieYC~;"F1ozi
j . NOTARY PUEiLIC STATE OF F~ORIDA AT LAR~ ~
y~•,;r,,,_. - MY COMMISSION EXPIRES AU~i. 6, 1975 :
. . . . , s:,~ 6ENERAL INSURANCE UNOERWRITERS. ~(rC.
Checked By ~
0 R D,c~i ~ '
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