HomeMy WebLinkAbout0789 3. io p~xe and conr~n;,ously ieep on rhe bu~'d;~:gs now or hereafie~ e~tuate on a~~d iand and un al~ ~q,,ip~nent and parsonally co~~rrd by th~s m;.r
ege, wlth all pren~~„•~~s v,oieon pa d~n futl, t~rL i~u~~ra~ue :n tne ~swl siendard po'~t/ lo~m, in a s~m o~.Nro.ed by ~he ASOk~:,:,GEE, and w~~~d:ro
~~~surm,~e in tha usual s~~,iJ,rd po..cy funn, in a z~~n appro.rd by rhe AIJRTGAGEf, in suc~f CO:~'YJ~~y er co:npanles as the 1,~J~(GAGEE m
d.riC~; and dll tire a:.d w:nJs~~rm insu:~nce po;~aes o~ dny of Said buiid~ngs, dny inlcreil i4iririn or ~;arr the~eof, ;n the aygr<ysr~ s~m aforesaid
In eacess ~h<~c•of, s~~ati vnf;;n t1,e uw:! sfr:d~ed n,ongagzr c~ause or such other c!ause as tha l.iortyagee may reyu,re, meking r7~e ws~ u~~dei s~.d po
c.es, each and ever,r, pa;,,b!e to s~~d !.1~1RiGAGEE os ~t: ~rn~•r~st n,ay appear, and each a~~d eve~y suth p~.~c/ s~~a~t 1,e i.rompuy assy~~~d and dr.~r,,-r~d ~
any hrld by sa~d ~ti~.ORfGAGiE as fur~her ~,cur~~y to s3~d ~~~onga~e d~bt, and, not less than trn {10~ d.~rs in ~d.,~ ce of ~ha e~F~uanon of ~sch po;.cy, to d~
I~ver to sa~d MORTGAGEE a rena,nai thc.;of, togerhat wich a rete~pt for the p~a~n+u~n of s~th teneha!; a~,d tt~~•re Sf~a'.I be no i~re cr w~~~di:o•~n ins~renc
piaced on jny of sa~d b~~!d. ~gs, any ~~~h~rest there:n or part ~hereof, unleu in !he fon:~ and wnh th~ ~oss payeb!e os a+oresa~d; ..nd ~n the event any sun
of money becomei pajrabit under s~ch ~;o!~cy or po'.~c~es sa~d MORTGAGFE shafl have thr opr~on to recc~~~~ ~~~J ~,-~~:y tne sa~ne on account of the ind~.o~~•d
~s secwed haieby oi to perm~t sa~d MURTGAGORS to recr~ve and use it pr any p~rt ~h_~:roi ic.r o:~;•. ~~.u. ~a•:s. :..~,.~~.e ih. cr ;~.,~r
~n~ any equ~ty, i~en oi riyhl undet or by virr„e of this mc:ryage; and in the event sa.d MO~tTGACORS sF~.~~I for any r~.ison fail to kaep the sa~d prem~sas so
ns~rrd, or fail to def~ve~ pron,~,t(y any of s~~d pol~cirs of ;nau~ance to sa:d MORTGAGEE, or p:on~pf~y to ~~ay fu~.y any p~r ~~~u~n iher~for or in a•~y
respect (ail to pe~iorm, d:sch~rgr. eaecura. etfrcl. co:uplztr. co~nply with and ab;de by ~hts cove,~ant. or any pr.t h~reot, sa~d tJ102Tv%+GEE mav p~oce a•~a
~ ay for such ins~r,nce u~ any part th~~eof wi~hovt waiving or affecring any option, tien, eq~:ty, or rr~lu und:r or b~ v;,tue o( th~s :dertyage, and the
i~!I a~no~n~ ot each and @~ery s~ch payn,rm shalt be ~m~nG(IidtCly due and payable and shall bear inferes~ trom ~ha date thrreof u~~~~1 pa~d a~ the ra~e oi
•~.~~e prr centum pe~ ann~:n anJ to~r~h~•r mith such int~•r~~st shai~ be S~cvred by the lien o( this mo~tgaga.
4. To permie, com~iit w sutier no waste, impairmant or detetioration of sa~d property or any part thereof.
5. To pay all and singular the costa, charges and expenses, ind~ding a reasonabte atro~ney's fee and cos~s oi abstracq of title, incurred or paid at
,~y tune by said MORiGAG`_E, beceuse or in the event of the falfure on the pa~t of the sa~d MORTGpGOR to duly, p~o•»pf{y and !utly perform, d~s:harge.
~a._wtz, eflect, comp;e~e, canpty w~~h and ab:dr by each and every the st~pu~at:ons, agrecments, condmons, and covenants of sa~d pro-n~ssory nore a;~d ~h~s
, ~rrgage any or e~ihrr, and sa d costs, charg2s and expenscs, each and every, shall be imm~d~ately d~e and payab:r, whether or not ihere be nonce da
~~:a~.d, attempt to co~~ect or suit pend~ng; a~x1 ~he futf a:nount of ea:h and every such paymem shall bea~ imcrrst from the date thereof um~l pa~d at ti~e
_o~ ~~+~~e per centv~n Fnr an~~~:~~; anc: ai~ said costs, cna~ges a:~d axpenses ~rtcvrred or paid, ~ogathet w.th such interest, shall be secured by the lia~ of th~i
mortgage.
b. That (a) in the eeent of any breach of lhls Morrg~ge or default on ti~ part of the MORTGAGOR, or ~b) in the event any oi sa:d sums of money
h:=rein ref~rrrd to be not pre~,~p!;y and ful1~ pald within th;rty i30} days ~eat after the serne te~ere';y beca~~e due and payable, lYiIIlpUt demand or not~~e.
~c) in thr event rath and every ~he stipvlations, agreements, condinons and covena~ts of sa.d promisso~y note and th,s mortgage any or e~ther are not
~~ly, prOrnptiy and t~lly pe~lor~ned, d.scharged. execu~ed, eifecred, comp~e+ed, compl~ed wi~h ar.d a~~dzd 5Y, then in e~ther or any wch evenr the sa.d ag
~~rgare sum rT:~nnoned in sa~d pronussory note then re,naining unpa~d, with interest acu~ed, and a!1 monrys secUred hereby, shatl become due and pay
ao e forth.v~fh, or fhereafter, at ~he opr~on oi sa~d MORTGAGEE, as fuiiy and comp(e~ely as if all of ~h~ sa~d su~ns of money were o~~g~na:ly st,pulated
ro be pa:d o~ such day, anything ir. s3d pro:~~,sSCry note or in this Mortga9e fo thA cont:ary notwi!hsl3nd.f~g; and thereupon or thereafter at the opt~on of
s~ d MORTGAGEE, vc~thcut no!rce or demand, suit at law or in equity, therefore or therea4ter begun, may 6e prosecuted as if all moneys setured hereby
r:.:d malured praor 10 ~ts ~nsht~t~on.
7. That in the event that a~ the beginn~~sg of or at any time pend~~g any su~t upo~ this No~~gage, or to foreclose i?, or to refo~m i?, oi to enforce
:»ment of eny c+aims hrreundar, :a~d 1dURTGAGEE sha11 apply to the Coun having ~urnd;ct~on ti,_;rof ter the a~~po~nrment of a Rece~ver, s~ch Court shail
r~•rhwifh appo+ro a recer.er of s3id mortgag~~d property al{ and singular, inclvd ng ail and s~~~guiar r,e ir.co~»e, prof,ts, issues and revenues from whatever
s: ,,~•ce drr;,,zd, each dnd every of wh-ch, it being expressly undc~stood, is Fereby mortgagrd as if spec•ficaily sel 4cnh and destribed in 1he g~anting and
h.,uend~m c~avses hereof, end such Recerve~ shaii have all the b~aad and effecr~ve funct ons ar~d pov,e~s in any~vne emrusted by a Court to a Rzceiver, a~~d
s:h appointment shail be ~r:ade by wch Co:,rr as an ad•~:itted equrty and a matter o4 a6so;vre r;ght to sald MORiGAGFE, a~~d w~thout reference to the
a:i_•y~ccy or inadequacy of the va~ue of the Yioperfy mortgaged or to the So.vency or inso:vency of said MORiGAGOR or fhe defendants, and that such
•-••~rs, proiits, inco:ne, issues and revenues shaH be appued by such Recei~er accord~ng to the lien or equity oi said MORTGAGEE and the Frectice of such
Courf.
8. lo duty, promprfy and fully perfo~m, d~scharge, execute, effect, complete, cornply w~th and abide by each and every the stipulations, agreements,
:o~~.ditions and covenams :n sa~d pro:n,ssor~ note and th~s mortgage set forsh.
9. That in the event ~he owr,ersh~p of the mortgaged premises, or any part tnereof, becomes vested in a per~n other than the MORTGAGOR, the
"~RTGAGEc, irs successo~s and ass+gns. ~nay, w;thout notece to the 5llORTGAOR, deal with wch wccessor or successo~ in interest with refvrence to this
wtgage acd rhe d•_uf hereby secured in the same mannrr as w~th hlortgagor w~rho~t in any way vit~ating or d:scharg~ng the /Jlortgagors' Iiability her~
der ar upon the debt h~reby scc~~~ed. fVo sa'z oi tfie Fremises h~~reby mortqaged and no fwbearante on the pan oi the IJIORTGAGEE o~ i!s wccessors
~.3ss~gns and no eafens~on of ihe ~~n,e for the pay~r:ent of the debr hereby secured given by the !'dCRiGAGEE or its svccessors or ass~gns, ahall ope~ate
~c re!ease, d~scharge, m.od~fy change or'affect the orig~nal Iiau:Gty of fhe M.ORTGAGOR herein, e+ther in whoie or in part.
10. It is spec:f~caiiy agr_,ed that time ~s of the esse~ce of this contract and that no waiver oF any ob'~gaNon hereunde~ a of the obligation se-
ccred he~eby shal~ ai ani ti~~,e ~h~rea4ter br held to be a wa~+er of the terms hereot or of the inSlrumeN sec~red t~erby.
ll. In add t.c ~~o r~.e fc-egc n~ month'y paym^nts of princ paf and inrer~st requ~red by the p~om sic~y ne~e s.:cured he~ebr, n;o,-~ga~or eovenants
+ d egr_es to pay to ~-c; Tg~g•_•e ~n~th each mo:~~hly pa,:. ent an sd-u.cional svm esr ~•a+ed by matyagre to be equa: to i, i2 of the aii.~ual cost of the fo1low-
: .
A-AH real ~roperr~ taa~s lev~ed or assesc_d ay+i~,si trc above desc•~bed rral es!are.
6 Fr: e u~s o~ Lre ar.d w~ndStorn~ insura%ce as here~n reqv.red to be carried cn the ;~n;:roveme~ts s:~~ate on ihe above d_su~bcd premises.
C-Pre;n.u • s o•~ such rr,ort~_,ge guar3nty irsura~.ce as mOrtga^yee shafl fro~r r me fo tlme deem fit to carry on the foan secu:ed hereby_
h'ortgagee s'~~ i(•em t~-;•_• to t;:~ie nehf~ morryagcr ~n w.itJny p; the aR:ou~t d;,e and payable here~ndar and such su:n SF7dII thereupon be d~e afid
..a!;!e on th_• dor c,i•e of iha ne.f :n~nrh ; pavment and each wccessive mo•~th thereairer ur.tii mortgagee shalt not;fy moctgagor of a change in wch
;u~t. Such s~:•-•s s~,a ~ be ar{~.i;:1 by mortgag~e toward the payment of rea! pro,cerrr taxes, insuranca prem:ums, a~tid mortyage guaranty insurance
:~,'e.,~•:vm5.
I`i `:11fP.L;S :':H;REOF, the sa~d MORTGAGOR has here~nt ser h~s har. and scal the day and ear first aioresaid.
SFgnrd, Ser!ed and delivered in the presence o ~i HQ~'f A~,S ~~(i` .
BY : (Sea!)
- Q liam A. der n Presiden ,
~ -~L ' ~ ATTE.ST t ~ ~
al)
' el'[la L. Andersan, SeC1et8Iy ts~aq
STATE OF FLORIDA COUNTY OF ST. LUCIE
-t HEREBY CERTlFY, That on this ~~~__day of-__. J~ A.D. 19
; oefore me personally appeared -__._~~f~ A. Anderson and _ Verna L. Aildersoll
_ - ~
respectively President and SecretarY - of
' American Hornes and Mortgages, Inc. a---- Florida
- Corporation, to rt~e
a ~
known to be the persons described in and who executeci the foregoing instrument, ana severally acknowledged the e'-
,
cution thereof to be their free act ar.d deed as such officers for the uses and pursoses therein mentionec~; arxl~ t~at f r
.
affixed thereto the officia! sea! of sa;d corpor~tion, and the said instrument is the act and deed of said'cor ati~pn.
_ - .
WITNESS my hand and official sea( at Fort Pierce _ F101'~dS , said count ,~nd state. ~ 4~~~ ' _ t
This instrument prepared by John id. CoLtins , ~y ~ ~
o: First Federal Savings and Loan Associatio ~
' of Fo1't, "ie~'Ce~ Florida otary v4~lic, in an for St an ou^ty aforesa~l:::~,,C .
itLEO ANO RECOROEO My Commission Expires: /a_,~
ST lUC1E COUNtV FU. ~ ~ •
RoCEa %;,i=R~5 ~
......~~s? ~ . ;
_ ,
Checked By _ - `
;
~~H ; s~ 32 ar. ~ r c EOR!( 2d3 ~~t 788 ~
_ }
_
~ _ _
~ ~t,;~~ ;
~ ~..n ~ ~ ~
} ~ ,
G : . . ~
' ~ - . ~ ,c