HomeMy WebLinkAbout2213 3. To p:ace and coni~n~o~s~y kerp or~ ihe bu~':fmgs now or hereeher ~~tuata on sa~d land and on a': ~~q~~F::nent and personaliy tovrred by ~his mor
e~e. w~lh a? pr~m~uniS thrrco~ ~,~.d :n fuil, 1~rc ins~.rance ~n Ihe uiual Stand.frd po:~ty fOrm. in a s~~~~~ a~,~ru+rd by ~hr GIORIv:~GiL. a~id w~ndito
:~~surance ~n the usual ira„da~d pol.cy fo~~n, ~n a s~m appro.cd by ~he MORTGAGEE, in wch co •~pa~~y or co~»pan~en os tha A',ORiGAGEE m
d~reU; and aU fire ar'.d w~ndstorm insuran~e pu~ic~rs on ~ny O( s~~d buud~ngs, any interest therein or par~ thcreaf, in the a99«9~<<• s~~n afores~~d
~n excess the~euf, sl~a? co~.fa~n ~he us~:.i star.dard mo:tg..gee c~ause o~ su:h o~her c!ause as ~he A1o~tya3~e may ~ey~,re, makmg ihr ~oss u~~dar se~d po
c~es, each and evr~y, pa~ab'e ro s~~d ti1JRIGAGEE as ~ts ~mereu nwy appem, and rn;h and every such pu ~c~ s~~~li 1~ p~wnpr~y ass g~~cd a~~d dr:~~~•r.:d
any h~ld by sa:d hlORIGAGEE as (ur~hcr s:curi~y ro s3:d mortga~e debT, a~~d, no~ ~ess ihan ten (I0l djys ~d.ance of ~ha exNl~ar~on of each po,~cy. to d.
i.ver to sa~d M11pRTGAGEE a rr:~av:e~ ihrreof, toge~hrr with a rece~pt for the pra~n~wn of s~th renr~r.a!; a~~d tf~~~e sha~i be no f~re w ~~:~~ds~o'~n ~nauranc
pl~crd on any oi sa~d bui!d~n~s, any intrrest therem or pa~t thereof, un'ess in the form and wrth the iOSS ~3yd[i~@ as afcresaid; acd ]n the e~e~~t any sun
of money beco~nes paYat,:e under wch poi~cy or poLues said MORiGAGEE sha{I have ihe opr~on ~o rec_+~o :,~~d apN:~ rne san~e on accov~~~ ol the iudab~~•d
ress securrd her,.~by or to perm~t sa~d tdORTGAGORS to recr~va and use it w any part ~i~•_:eoi ~c.r o;~~• ~~.ur, ;;s~s, :..i~,...t ih:~..,: c~ ~••'P,•~'
~ng any equrty, tirn or r~ght undar w by v~r~ue of ~his mortgage; and in the event sa,d MORTGAGORS sh~!1 `or any raason fail to k~•ep the sa~d p~em~s_s so
~,sur~•d, or (aiI to det,~er prom~.tly any of said po~~ues o) insuranee to sa~d MORTGAGEE, or t.,~: ,~o~»p~~y to F ay fu:,y an/ p:e ~~~.,~n ~h~rrtor or m any
r~ spe<t iail to perfom~. d:sch.,rye, execure, ef(act, completr, co:nply wirh and abide by th~s covenini, or any p~~r h~raof, sa,d ti1GRi;,aGEE may F~a~e ~ tl
p~i for such insvr.~nce ar any part tF~~reof w~rhout waiving or affecting any ophon, tien, equ~~y, or n~h~ under or by v~rtue oF shis hlortgagr. and thc
4;;!~ a~no~nt of each and e.ery wch paymeM shall be un~nediately due arx! payabte and shall bra~ inteicst from th.: date ther~oi unsil p.:~d at ihe rate o1
~~~~~e pe~ crnrum per ann~:n ~nJ so~rN~~•r M~th wch i~eter~st shal~ be srwred by the lien of this mortgaga.
4. To permit, Co~nmit or suffer no waste, impairment w detcrioration of sa~d property or any pa~t thereof.
S. To pay all and singular the costs, charges and expenses, ~n;tuding a reasonable atromev's ~ee and cos~s of aGstrads of title, incurrrd or pa~d at
ti~r.e by sa~d MORTGAG:E, because w in the event ot the fa~lure on the part of the said MORiGAGOR to du~y, p~o~~~pily and fu~ly N.:riorm, d~schar9e.
~~cut.:, etiec?, cemp:ete, to»p1y w~th and ab:dr by each and every the stip~lations, agreem.~nu, co~:d~nons, and covenanrs oi sa~d p~o~ni;sory note and ih~s
-.origage any or e~~her, and se.d cosrs, charges and expensrs, each and every, shall be immed~ately due and payable; whether or not eh~re be nonce da
n:,~nd, atten~pt to coL'ect w Suit pend:ng; and the full amount of each and every wch payn:rnt shall bear inr~res~ from the date thereof uMil paid at the
r~ o~ ~~~~~e pei c~nt~m F.w ar.~~...n; ~:~C atl sa~J cosrs, cl~arges ard exprnses ~ncurred w pafd, tOgrther ~r.th such ~nterest, shall be sccured by the lien of th~s
mortgage.
6. That (a) in the event of any brrach of this Mortgage w defauh o~ th- pa+t of fhe MORiGAGOR, or ;b) ~n the event any of sa'd s~ms of money
t~:vein referred to be not promptly and fuUy paid wittun th:rty ;30) days neat att:_~ the sa~ne seve~a:,y 6ecome d~e and poyab!e, without demand o~ notice,
cr ~c) in ~hr event each and every tne st~pv:at~ons, agreements, cond~tions and covenanrs ot sa d pro~n~ssory ~ote and ~h,s mortgage any o~ e~~her are not
iuly, promptly and futly perfo~mcd, dschargad, executed, rffected. completed, compiied w~th and ab~ded 5y, then in e~ther w any such event the sa~d ag•
gregate sum memioned ~n sa~d prom~ssory note then rema~ning unpa~d, with intere,t acuued, and a:~ mon~~ys setured hereby, ahall become due and pay-
a~ e forthwith, or fherea4rer, at the opr:on of sa~d MCRTGAGEE, as f~l~y and comple~e'y as if all ot ~hc• sa~d svms of money were or~g~natly s~~pu:a~ed
?o be pa:d on such day, anything in za d pranisso~y ~ote or in this Mortgage to ~he contrary not.v~ths~and,:~g; and the~eupon or lhereafter at the op~~o~ of
s-~ d MORTGAGEE, w~rhout no~~cr or drma~:d, s~it at law or in equity, thereforc or thereafier begun, may be prosecuted as if all moneys secured hereby
r. d mat~red pnor to ~ts ~nst~t~t~on.
7. That in the event that at the be3~nn~ng of or at any time pending any su~t upon this Mortgage, or to foreclose it, or to reform it, o~ to enforce
:.~,ment of any claics he~eunder, said h10RTGi:GfE shatl apply to the Cour? having ~unsd.ct~On thereof for the appo~ntment of a Receiver, wch Court shali
t, ~h~vith appo~nt a recerver of said m.ortgag d property ail and siryular, inc;ud:ng ait and s~nyu~ar the ir.come, prof~ts, issues and rever.ues from whatever 3
sc.::rce den~ed, eath and every of wh.ch, ~t be~ng express!Y undrrs~ood, is Fereby merigaged as ~f sperficai:y set iorrh and deacri6ed in the q~anring and
i.~:~endvm da~ses her_oi, and such Receiver sha11 have all ihe brcad and effecr~ve f~nct.ons and powen in anyw~se emrusred by a Cou~t to a Rece~ver, and
s. ch appaintment shaii be made by such Co~rt as an ad~n~tted equity and a matter of absolute r~gf~t to said MORTGAGEE, and w•~nc~ut re(erence to the
a::_q~acy or inadrquacy of ~he va!ue of the property mortgaged or to the so~vency or Insu~vency of sa~d MORiGAGOR w the deiendants, and that svch
~+s, proiits, inco.ne, issues and revenues shali be appiied by such Rece~ver accord~~~g to the tien or equity oF sa~d MORTGAGEE and the prectice of such
Co~rt.
8. To d~!y, promptly a~d ful~y perform, discharge, execute, effect, compfete, ccmply w~th and abide by each and every the stipulations, agreements,
:~nditions and tovenanis ~n sa~d prom+ssory note artd th:s mortgage set forth.
9. That in the event the ownersh~p of the mortgaged prem~ses, or any part tnereof, becomes vested in a person other than the MORTGAGOR, the
:^RTGAGEE, its successon a?.d au~gns, may, w~rho~t norice to ~he AtiORTGAOR, deat with wch wccessor or successor in tnterest ~vith reference to this
~ r~gage and the drb~ hcreby se:ured in the same manner as with l.Sortgago~ w~th~ut in any way vit~ating or d~scharging the /~1or~gago~s' IiabiGty here-
Jer or uFwn the debt hereb~ secwed. No saie oF fhe Fre~ntses h~~reby mortgaged ar.d no Icrbearance on the part of the IAORTGAGEE or its s~tcessors
_ oss~g~s and no exrension of the hme for the payment of the debt hereby secured given by the MORTGAGEE or its suctessws or ass~gns, a~~ail operate
ro re~ease, d+scharge, mod~fy change_ or affect the orig~nal iiau i;ty of ~h~ N.ORTGAGOR here~n, either in whoie or in part.
10. It is spec:llcat~y agr~d that time is of the esse~ce of fhis contract and that ~no waiver of any obt~gat~on hereunder or of the obtigation se- i
wred hereby sha:~ at ar,~ time thrreafter be held to be a waiver of the terms hereof w of the instr~ment sewred herby. ~
11. In „dci r6e:, :o rhe forego monfhly p~ym~n1S of pri:x pal and interesr requ~red by the prom sscry no'e s_cured hereb~, mortgagor covena~ts
, d ag~ees to pa~ to ~•.~-rg~gee v.~th each n,onrhfy rai~.:em an adJ.<ional wm est::~ ated b~ mortg3gee to be eq~ai to 1 i2 of the an:~ual cost of the foliow-
,
A-All r~al F,rop~~ty 13%2S le:~e~ or assesseci aga~•1st ihc above descri~ed real estate.
6 Pr~~r su cs on fue ar.d wlndstorm insu~a~-ce as ne:e~n ~equ~red to be carried on the ~mFroveme~ts srtvate on the above d_scribed premises.
C-Pre~r~.~n s on wch mort~;ge gua~anty irtsura~:ce as mo~tgagee shall frcrn t me to sime deem fit to carry on the loan sec~red hereby_ ~
~ 1.1ort a ee s~~~ i~=cm ti~r.e :o nme notif mort or in writ~n of the amouot d~e and a able hereundrr and such svm sha11 thcreu be due end i
93 i 59 9 P Y P~ i
~ :.:b'e on thr d~e dare of tha next monthi~ payment and each successive mcmh thereaf!^r ucti; mortgagee shall notify mo~:ga br p~'lt~~ in,wch
i ~~nt. Such ;~:ns sFa:i be ap~•:[ed by mortgag>e toward ihe payment of real propeny taxes, ~nsurance prem.ums, and mert3~_,C'9u~fj~~it~~lrance
~ . -em~ums. . '.~X`- ~~i ~
, tN Y1tI~JE~S V:HFREOF~..~he said tiORTGAGOR'~as hereunto set his hard and seai the day and year first aforesai~: ~.`~L~ -
AIILLAP.D CvRPO ~2Z:t~1
E Sealed ard delrve~ed in esence o FlLE(: :;~;;~RD~D ` ~ r~
t)
t~ ST.IU~•~ ;;~'1MTY F ~
R~~; ~?FAS ~
1 _ CtE-..~t ~ .,.~,i ~,OURT • Fran ~ . Ra ti , '_r._,~•Pre~a~~ent
~ - F F r,_ ; = _ - ,
(Seal)
2322~9 'wn t8 2 Z'1 I'M ' l L - -
~TATE OF FLORIDA COUNTY OF 5i--EHEff C~ ?
}
I HEREBY CERTIFY, That on this -~~_day of____June _ , A.D. 19 72,
~ before me personally appeared -_Frank ~t. Raymond, Jr. and - s
~ respectively _ _ President _ _ _ _ _ , of =
~ ~t i l la rd Co rpo ra t ion a__ F1 o r ida__ Corporation, to me ~
~ . , r
~ known to be the person described '+n and who executed the foregoing instrument, and ~everal~r-acknowledged the exe- ~
~ : .
~ ~ution tF~ereof to be free act and deed as such officer for the uses and pursoses therein mentioned; and that th~ ~
~ .f~
affixed thereto the official seal of said cor ration, and the said instrument is the act and deed of ~d~ co i. ~pn. ?
~ P° ~j, ~ i~~ .
r~ WITNESS my hand and official seal at Fe+M-~ieree , said co and 1 . ~
~ :'t~ i s in s t rumen t p r ~p.~ red by ;
~ " icha:rd F:3yes -
~ ' i rst Federa 1 Savings and Loan 1lssoc . Notary Pu lic, in and for ate/end Courf~r aforesaid.
"'ort Pierce, Floricia My Commission Expires: • .
~ 3 - ~ -15 -
~4
Checked By L~_-___ -
~
~ R 203 PAG[2~~3
~ ~d~'r .
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~+'~r ~ ~ ~c+.~~ ; 4" ~ 7'a y"2.~,~~5`'~'~'
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v~,.. s.