HomeMy WebLinkAbout0785 3. To p'ace ~nd co~,finuo:i:y 1~:,~-p on fl~e L,; d~nga no,+v o~ her~~aitrr s~fu.~te on s.:~d 'and a~ld o~ a!; .:~.,y. ~~.:ro and pa.son,~lly co.ared by this mo~
e90. w,th ail prrn.w:+~s ~I:ircon d in f~:l, f,r~ ins~rancr the ~i~al St~n~ord {.w ~Cy fOr.Ti, in a d~. n or,~eu.rd Ui the A1vk.v~'.vci. a..J w~:+Jito
~nsurancB ~n Iha usual Ston~ia~d yo~.cy fo:~n, in a s~m a~,F~~o.td by tha A1JRiGAGEE, in sv:h com.~~ny ur c..•~~~'.ir..es as the A1:JnIGAGFE m
d:rz~t; and all }ire a~:J w~ndarorm insu•.~nca pos~t~es on any o1 sa~d bu~,d.ngs, any intcr<;1 the~cm ~r pa•t th~~cu1, in the aygn.~a~e s.: n atoresj~d
~n eaczss ~hrreof, st;,il :on~.,,n ~he us~~.:i i~r,J,rd mo~ryagae uause or s~ch o~her c:.~use as the Itlcrry.~g~f m~y ~~qu.re, n~a?~ng tr~a ~css unJrr s.+d po
.~~~s, each and every, pa;.,L'a ~o so~d `.tvRiG.4GEE as ~ta in~rrast mey appear, and each and e.er,r such F:o.,~ st,a;l br p~on.pr~y assg~~~d a~~d d~.~.~~r~•d
an~ hzld by sa~d AlORlGAGiE as fur~h_~ s_tu~~ty to s~~d ~o'tg,~ge dt•ot, and, nut less ~han ten ~tp) diys i:~ ,d.,~~ce of thr e.RE~~aLOn of eecn Fol.ty, to d~
~~~er to sa~d A10RTGAGEf a rrna.:a~ the~~of, togerher w,ith a rece~pl for the premwm of wch re~~<r.a~; a~~d ~h~re sha i ~e no i.r~ or v.~ ~.isw•~n i~,wran:
p'3ced on any of said b~~id~ngs, any ;nt~iest th~re~n o~ pan Ih@reJf, un'ess in ihe fonn a•~d w~~h the ioss pa~~o'e ~s a4cresa~d; ond in the e~ent any s~n i
ot money becomea payaWi vnder s~ch po~~cy or pot,cirs sa:d A10RTGAC,EE sh_i{! have the opt.on ro rec~~vc .~:,d aFF'y f~~e sa:~~e; on ac,ou,~~ of the md~-btrd
~,_ss se<ur~d herrby or ro per~n~r sa!d IAURiGAG0~2S to recc~ve and use it w any part it~•::.~ot ~cr o:~,•_ r~ u~; .;s• s :.n; ;,,t ~i~ ,r ~•e:p_.
~ny any equ~ty, i~en or r~yht undrr o~ by v~rtua of this mcrgage; artd in the event sa,d MORTGAGQRS sh_~N for any r~ason is;l to kccp the sa~d pram~s~s so
nsur~~d, or f3i1 to drlrver pro~npNy any of se~d ~.o~;ties of insuran~e to sad MORTGAGEE, w t.,i: p~;,mptty to {ay iu:y any pr_~:r.,,,n th_~~for or in any
respca Fail to perlorm, dl;:h,:~~e, execure, efiru, complete, co~nply w~rh and ab~de by th~S tovenont, Or an~ p.~rt h.rc-of, s,t,d IM1GR7GNGcf m~y p:ace a*o
p~y for su<h inwr.+nce ~r any past ~fiar~o/ w~rl~our waiving or affecling any opt~on, lien, equ:~y, or r~3ht ~nder or b~ r.~t~e oF th~~ PSertgage, and thc
f,ll a~novnt of each and e.ery s~ch paymenl sha1l be in~med~ately due and payaGle and sha~~ bear int~r~~st trom tha datr thereoi uniil pa~d ai the rate oi
,:~e per centvm per annu:,, o~~d ro3,~hrr ,~rh su;h intr:vsi shai~ be secured by the lien of this mw.rgag..~.
4. To permit, commit w suffer no waste, impairmtnt or detzrioration of said property o? any parf thereof.
5. To pay ali and ungufar the cosrs, charges and expenses, in;lud~ng a reasonable anorney's fer a~,d cesfs oF abstra<ts of tiNe, incuned or pa~d at
.~~y ~~n:c by sa~d MORIGAG~E, becausc cr in the event of the fa:lure on ~he part of th~ said MORiGAGOR to d~iy, ptomptiy and f~ily p¢rforni, d~xhar9e
• cur~, effecl, canplrte, canply w~rh and a1, dr by e~ch and every the stip~ianons, agree~~~ants. cond~r~ons, and covenants of sa~d pro~mssory nore and th~s
~ ~rrg~ge any or enher, and sa.d costa, charye: and exp~nses. each and every, shall be immrd~atety d~e and payaWe; wheiher or not ~her~ be nonce da
::,~,d, atrempt to col~ect or suit pe~~d~n9; and the f~l! a:nount oF each and eve~y wch paymem shall bea~ int~~resr from the date rhereol vntil paid at the
. o; ~,~n~~ per tenr~rn N~•r ~rn~~,;rn; .,nC .+t~ ia~d tosfs, u~a:ges and e~prns•» ~nc~rred or paid, toy.:~hrr wah s~ch ~nte~est, shall be secured by the I~en of lhis
-T,ortga~e.
6. That (a) ~n the event of any brrach cf rh~s .Y.or~9~ge or default on ~he part of the ti1~RiGAGOR, or ib) in the event any of sa:d sums of muney
hercin referr_-d to be not prompr(y anA f~!ty Va~d wrth'rn th.rty (30) days ne~t ar2•r the san~e seve~a',y beco+~~e d~e and payab!e, without demand or not~ce,
~r ic) in thr event each and every ~he shpu.~=~ons, agreements, condrt~o~~s and covenanrs of sa.d pro+msso~y note and th,s mo~tgagr any w enher are not
i~:v, p~o~nptiy and t~;~y pertormrd, d.scharg~~d, e~ew~ca~, effected, compieted, compi~ed w~th and ab~ded 5y, then in e:ther or any s~;h evem the sa~d ag•
7•e~ate sum meN:~~~ed ~n sald pron.~ssory nc•e th~n rcn,a~ning unpa~d, w~th intr~zst aa~~ed, and a~t monays secured hereby, shaf{ bs;corne due and pay-
a: e(orthw~rh, or ri:areaf~~r, at the opr~on of s.,~d A~ORTGAGEf, aa f~Ily ard comp!ete~y as ii afl of th~ said wms of money v~ere or,g~~~a:ly s~~p~:ated
be pa.d o~ :~ch dc•i, anythinq ~n si d prC r,ssoiy ncfe or in this Mortgage to the conirary noiw~~hstand~ng; and ~hereupon or tFxreafter a~ the op~,on of
s, ci MORTGAGEE, v~rtho~t nence or drmand, svd at law or in equdy, ~herefore or thereat~rr begun, may be prosecuted as if all moneys secwed hereby
r.,d marured pnor to ~ts ~nst~tunon.
7. That in thr e.ent that at the beginn~ng of or at any time pend~ng any su~t upon this Morrgage, or to forectose it, w to reform it, or fo enForce
F,~ymem of a~y c!~,;+~~s here~nd~~r, sa~d AtJRTGAGEE shatl appty to the Court havi~;g ~unsd.c~:on th~~reof fo: the a~.y:anuneM of a Rece~ver, wch Court shail
'!+wnh aFpo~m a rc-ce~.er of s~id r~ortgag.,-d property alI and singu~ar, inc~ud ~ig ail and s~ngu.ar the ircon~e, profns, issues ant! revenues from wh.,taver
;.rce denvcd, each ar;d every oF ~vl~ c~~, ~t o.:~ng express•y undrrstood, ~s h:er.~by mo~rga~ed as if spec:!~wity set torth and drsa~bed in ihe g~amuig and
~..e~~dum c'auses hereof, ond s~ch Recener sha:; have a~l the b:oad and effecr~ve f~ncf,~~u tn~ po~ne~i in any,rur entruated by a Cou~t to a Rec~iver, a.:d
s_h 3ppe:ntment shaii o~~ made by svch Cou•t as an ad~~itied equ+ty and a rratter of a5sctute ngfit to sald kIORiGAGEE, and witho~t reference to the
e~i_y~~cy or inadequacy of thr va:~e o1 the proprrty m~rtgaged or to the so.vency o~ ~rso~vrncy o1 Sa~d MORiGAGOR or the deiendan~s, and that such
:rs, proirts, ~nco ne, i:sves and revenues snatl be appi~ed by such Rece+ver accord,~:g to the Gen or rquiry o! sa:d h10R1GAGEE and the pract~ce of such
Cuurt.
@. To du'.y. prempl:y and f~lly ptrform, discharge, execufz, effect, complere, ce:r.pPy w~th and ab~de by each and every the stipulations, agree+neNS.
~nd;ROns and co+enants ~n ca~d pro;n~ssory nece and sh;s mortgage set forth.
9. That in the event The owr.rrsh~p of the mortgaged premises, or any part thereof, 6ecomes vested 'rn a person o~her than the MORTGAGOR, the
:~RTGAGfE, ir: sv:cessors a•:d ass~gns, rt.ay, .virhout not~ce to the A10RTGAOR, deat Lv~th s~ch svccessor or successor ~n irterest „vith reference to thi~
o-+ga9e a~ J she d:ct her~by s~c~red ~n the same mar.ner as w~th Mortyagor w~thout in any ~vay vit.afing w d~sc~~arg~r~g the Ntcrtgagors' tiabi:ity here-
.~der or ~F.on rhe d-;cs h~~rrbi se;~r~~d. No sa:e ~f the Fre•r~ses h~reby mortgaged ard no forbearan~z on the {~ar~ of the L10RTGAGEE or its successon
cr esvgns and no exrens~on oi the t~:ne for ihe pay..me~~t of the de6+ hereby secured g~ven by the ~dOR?GAGEE o~ its wccessors or asrgns, a:~all operate
ro re~ease, d:scharge, mulify change or atfect the o~igma! lia~drty of tne MQRtGAGOR hereirt, either m whole o~ in part.
t0. It ~s spec~ficaNy agreed rhsr rlme is of rhe esser,ce of fhfs conrract and that no waiver of any ob:~gat~on hereunder or of the obligation se-
:.:~ed hereby shai~ at any time rh~r~~-ter be Re:d to be a wa~ver of the terms hercof or of the instru~r.ent sewred herby_ •
11. In .,:i:i t!c., ro r1~e :.,e.g_ : j...en!n°~ payn.,~n~s of priac pal and inr~~rs~ req,:•red br t!}e prom sswy ~,c~~ s.'cU~ed her:by, mo:tyayor eovenants
~ f agr_•es tu ;;ay to ~.or!-~+3.•e v.,th rach n~or~th'y :ent an ad:f,nonal sum e~sr:~ ered bf morryagee to be equai to 1 12 01 t:je ,nn~af cost of t~e foiiow-
.
q-q1; rea! ~rope-r; ta.:s le~: or assess_d ay.~r~st th•= ahove desa~bed r_at esrate.
6 Pr :,s on h~c a•:ci ...:,~sr_, .n i~w~a~ ce as ne;e~n requ;~ed to be carri~ d en the :r~;_roveme:+ts s;+vate on tt~t abovc d°sr.~tkd premises.
C Pren s o~ ~.:ch ~~~urr_ g~ara~:ty ir.,~ra~ ce as rnortgagee sh~il fre~~ r:re ro c d,ern iir to [arry on the toan secur~d hereby.
Atortgegee '=o~*: r• r to -•e no~~}; mcrtyagor ~n wr~tmg of the a~r o::~t d,e and patiab+e herz~ndrr and such su~~ sh~il the:e~~.wn be due and
,,ab'e on ~h~• c:,,-• a. .,i ~F.-r ~•~~t ~~o^ti~ y payn,ent a~•d each s~ccass~ve Tonth rhereafr_~r ~r~,i mortgagee sha!t not:fy mortyayor cf a change in such
>~~~t. Such s.: ~a s~ ,~d ~y morty,y:e to.+~a-d the pay~rertt of rea! pro~erf y!axes, ins~ran:e pre:n,u ns, a~~d mo!tyege guaraMy insurance
. ~ :,i~~mS-
IN 1':STP:E~S :':H~R~OF, ri,e sa~d MORTGAG02 has her~unto set h~s~har.d a~d seal ihe day and ea^first aforesa~d.
Siprxd, $ealed and ~I;vered in the presence ~ y~ v~~'~ ~~O~~+CI'~. ~ I~i•
B~ : / L~w.w ' / .U ~/~i
- , L~ I 4c~---- tseat)
O U?. W liam A. de on sider~.n
~ cc4 (,fi- ATT~T: b s:( ~~r!
L-_ _.L v~ ~i~ t;,,si~
~ _ _ _ ~ Verna L. Anderson, Secretarq ~~si~
STATE OF FLORIDA COUNTY OF 57, IUCIE
• I HEREBY CERTIFY, That on this __1~~ . day of__ J~e A.D. 19 72 ,
before me personally appeared _W~?i~_A. Anderson _ and _-___'Je?'??a L. A2~de1'5011
respect~velY _ _ P~esident and - SecretarY - of
_ American Homes and Mo~ages,__Inc. a Florida corpo~a~~o~, 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 a~t and deed as such orfiters for ihe uses and pursoses therein ment~oned; and th~t ihey
affixed thereto the off~ual sea! of sa~d carporation, and the said instrument is the ad and deed of said corporotion.
~
iNlTNESS my hand and official seal at Fort Pierce _ F102'~.da , said county and s te. ^ _
This instrument prepared by John W. Collins ~ 1~
of First Federal $~v s and Loar? Associa
of FoY't PiBrCe~ Flo~ Notar~/~blic and for State and nty fo~esaid. _
f1~E0 AMO RECOR~EOMy fc6~mmis Expires: ~
! ST.IUCIE COUMTY F~~ ~
; ftOCER P017RAS
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