HomeMy WebLinkAbout0066 3. 7o piac~• ar:d conr~nuous~y keep on the bw'~i;,,gs now or hereaiter s~tua~e on sa~d land and on a!~ ~•qu~pn,rm and penonaily covered by ~his ma
nqe, y~lth all prem:~:r:t th.~eon E,a d in i~U, f~r~• ~csvranc~ ~n iir_ ~;va! ita~~;7arJ po~~ty form, in a s.,~n a;.p~o+ed b~ thz h1UR~:~:~~c't, and windsto
~~wrance ~n ~h:: us~at st.,:~d~rd pc:.rr fo~m, in a w~n aFpro.ed by rhe AIQA7GAGEE, en such canpany or co~~~,.an~es ~s ~he ttORTGAGEE m
d.rrU; and oIl ihe and w~nditurm insuranca polic~es on any of sa~d buiid~ngs, any inter~st the~cin or part thcr~of, ~n the agq«y~rr sum aforesa:d
in excess th_•rea(, sh.+ll :o~~r.,in ihe uw.:t s»~.d~r~ mor~~,g.,-,; ~i~use or such oihe~ c~ause as Ihe hto~tyagee m~y rey~.re, rnak~ng ti~e ~oss unda~ so,d po
c•~s, each and eve.y. pa;.~b'e ro sa~d ;.1~RIGAGEE as ,ts Intcre:t may appear, and each ~nd every svch po.c~ sh,11 br pron:N~ry assg•~od ar.d de,iv~rrd
anf h~•Id by sa~ef P.;OR!GAGrE as iur~h_~r s_cvrify fo sa~J ~nungage daut, and, not less ~han ten (10? d3ys i:~ sd:~~ue of thz erp~rat~o~~ oi each pu~~cy, to d~
~:ve~ to sa~d ~ti10RiG+1G:E a rrnev:~i ihe~eof, togeih~r v~ith a recc~pt for thv p~ernium of suth rene,Y~'.; a~d thrr~ sha',I L: no f~ro w.til.•dsic~~n insu~anc
pl.jced on any ol sa~d bu~~d~~,gs, any inr~resr there.n or pan the~cof, un!rss in :he torm a~~d w~th tl~e loss pay~s!e as ~fcresaid; ard in the event any w~
ot mOn~y beCOn~eS p~ydb;c ~~~der s~ch po:icy or pot~~~~s ss~d h50RTGAGzE shall have ~hr o~:t~on to ret•_~v_• ..~,d ep~.'y t~r~ sa~ne on aaount of the ind~-:;t_d
. ss src~r~•~1 hc~_hy nr ro per.,i~t sa~d ~tORT('iAGORS to «crive and use it or an ~.t ~t~•::cof ~::r o:r,• r , , ,
' y r, ~.~~~;:.cs._~s. ~,.i~,~;.~t ~h ~ .:r r,.~., ~
~ng any equ;ty, I:in or riyf;t un~ler or by virtue of this me:tgage; and in the event sa d A10e21GAGORS sha!I :or ~ny reason fa~l to k_ep the sa~d prem~s:s so
,~~svr~•d, o~ {ail t0 d_.'~v~~r pru~iiptiy ,tny of s~id ~w~~ci~=i Of insuran~e f0 i3 d h10RIGAGtE, or 1.;~: p:an~p'iy to {.ay ful:y any ~~rr•~~ ~~n the~~for or in ~r~y
'espcCt ~dil 10 pi`rfpn:~, cjig:{i„rJt~, ~xecute, effecl, complete. comply v~it~l dn(j a3~de by Th~S CoV~nant, cr d~iy Na~i ~~~ir~~~, 5.,~:~ i.,'.:r^,T..;;a.~'i[c e,c~..~ ~:'.dCr• ?~O
r~~ for s„ch inwr,,nce er any part thcrcpf ~~,the~t wai~fng or a4fectiny any oNtion, tien, equ;ty, or ri~iit u:,Ja~ or by v:rlue of th;s F,lcrtg~q~, and tht
r:.~l a~nount oi each a~:d e.ery such pey~r~•nt sh,~il Le imnxdiately due and payable and sh~,;l bea~ inrtrest from tha d„te theraof un~it p,.~d at the r:-ee of
'.,e p~•r [c~~ru~n {:er .3rn~.n and t., j~ILcc ~:.ith Su.h ii:7c'~~st eha~~ L:e S~Cured by the lien of th~s mo:tgsgc'.
.f. To pern~it, cernmit or suffer no waste, impairm~nt or detrriora!ior. of sa~d property or any patt ihereof.
5. To pay a!I and singular tha costs, cha.ges and e~penses, 7nduding a rrasonable arrorney's fee and ccsts oi abs~r:.cts of tit'.e, ;nwrrzd or pa~d at
~ t~:+._~ by s,~d h10RTGAGfE, L•ecause or m ihe even± oi the fa:iure on ~ne part of ihe said h~ORiGi-GOR ro duly, p,o:,,NUy and fu',ly F.~•rform, d~scharge
•=ut~, rEied, cen~pi.-r~, r.p!y wnh and ao Ur by c:~h and every the s~ipuiat,ons, agreements, cond~hons. and cove~:ants of sa~d p~o~~~;>wry note and t}~~:
~~ry,,ge any or i~,rher, ar.d sa d cosrs, tharg~s a„d e.ipenses, each and every, shail be immrdiateiy dur and payab;e; whether or r.ot thrre be nefice d~
a~te r pt to co.:<-c~ or s;,ir pe~~d.n.~; ond rhe (utf a~nount of each and every svch paymem sh;;!i bear ~~~f~~rrst iro~n the date therrof until pa~d al the
~~~~~:e y_ r c,-::cu~n p. r ,~n~ ~u ;~;ct wsts, cF,a~~~•s and rx~rrses inturrrd or pard, toy_th~•r w,tn suth mterrs~, shall bc sec~red ty the i~en of thls
prtgage.
6. ihat ;.a) in the evant oi any 6r~a;h of th~s A'~ortgag~ or dafouir on the part of the f1lOFiG.~GOR, or ;b) in the event any of sa d wms of money
..rvin ref~rr_d to b•~ n;,! prc t:y and t~',iy paid v.i~f:~n tii,rty ~3J) da~s ne..+ act•_r the Scl•nf• s•~:e+a"~ brco•~:e due and pa~able, witl~out de+nand or notic:=,
-.c) ~n rha esenf ~~,°ch ~„d e~er,, ii,~- sr~N;,,af~ons, ag:«~» enrs, co~:d~t~ons and covenan!s ot sa d pra~~~ss.>~y nocr a~~d ih,i OIOfIgJg@ any or e~ther are not
i.!y, p:o~,pri~ anc!'~i;y pertor~~,~.d, ds:harg_d, ex_cutcd. effeaed, completed, comp;.ed v~~~h and ai,•d.d 5y, ~nen in e~thar or any such evenl the sa:d ag-
.>>•e su~i n:t~nt~o-iec~ ~ai v~d pro~r ssorr nvta f~an remaining unpaid, u~:th interr,t ac;r,;ed, and ~u nw~~v~s secured tiereoy, shail b~co~ne due ar,d pay-
_ tcrth,~~rh, cr rh_•r_a£t~r, at tha op~~cn o1 sa~d !rt~r~iGAGE~, as f~;ly and comp!etely as if a'•i of Hi~~ :~,d sums ot money were o+~g~na~ly st.pulated
' h,~ p,i.d on s~ch d:.r, .~n;rh~ng in s.~d p:c: ssory note o- i~ fh~s htortgag~ to the conrrary nor..-~rhsra~,d..~y; a,~d ti~rreupon e~ thereatter at th~ opt,on of
,i "LORTGAGfE, w;r:.ovt r.ovr,e o~ demar.d, su~t at taw or in eq~rty, therefore o~ thereafter beyun, may be prosecuted as if al1 moneys sewred hereby
d mytured pnor to :ts insYrt~hon. ~
7. Thar in the etient that a+ the beginning of or at any time pend~ng any su~t upon fids Mo~tguge, or to forec;ose it, or to reform it, or to enfo.ta
..,•nent of any c.,~i~~:s he•eunder, s:+~d ;:,i~RTG.+v:E sha~I ~pply ~o thc Coun having ~ur~sd.c~~on thereo4 for the a~~~po~ntment of a Recc~ver, such Co~rt sha~i
' •1•,.vi!h apF ~int a rece~•:er of sa~d ~~~orig.,g~d prcperf, afl and singuiar, indud.ng o;l ard singu'~ar Yr~e i~•.con~e, proiits, isiues artd tevenues frO~n whatevet
~ ~ ce da~ived. each ar.c! every of •.vi,;ch, h be~~~g exp:essly understood, ;s hereby martgagrd as ~t spzcf~caily set ferth a~d described in the granTing and
~.:::c}~m ca.srs her,of, and wcn R~ce~:~_r sha~: have a~t th~ broad and erfecrive func~.or.s ~nd pov.ers in anyw~se ent.usted by a Cov~t to a Receiver, and
appo:nfm.e:,r sh3ii oe mad~ b~ such Co.,rt as an ad:~utt~d eq~~ty and a matter of at:so:ure r;ghr to satd A102TGAGEE, aRd ~,+nc~u~ relerence to the
::t.~~cy er inadrG„act of the va;~e or ~he property mortgaged or to fhe so.vency or m;oivency o( sald MORiGAGOR or the defendants, and that s~ch
• •s, ~,roi~ts, inco~r.e, issues and rerer,ues sha!i be appiied by such Receiver ac;ord~~~g to the lien or equity of sa'.d ~10RTGAGEE and the practice of such
1.~.~,~rt.
8. lo du!~. c,om.r.t:v and fu'+y pe~f0!m, d~scharge, execute, effect, compiete, con,p:y vv;th and abide by each and every the stipulations, agreeme~ts,
~dit~ons and ccvee~an~s m Sdi~ PfO:T1~550~~ ~o'e and th;s mortgage s~t iorth.
9. That :n thc event thc ov.nership of the mortgaoed prem~ses, or any part thereof, 6ecomes vested in a pe~son other than the MORTGAGOR, the
~~qrr.qrcc, <_,;.,.sso~. a~d ac•~~r.q may, wisho~r notice to the A10R7GAOR, deal w~th such successor or svccessor in interest with reference to this
~gage and nc~. d•_ut F:errby sc~c•..red in the same manner as wrth I'.lortgagor w~thout in ~ny way vit.ating or d~scharging the /~lortgagors' liabd~ty here-
o: uc~on the d~h+ h;.«ur s•~cu~ed. No sa:e of the prenilses h~reb•i mo~tgaged ar.d no fo.bearance on rhe part of rhe /.10R1GAGEE o~ its svttessors
c„s::,~~~s ard ~~o ex~ers;on cf rhe s~~ne ior rhe payment of the debf hereby secured grven by the 1JtORTGAGEE or its svccessor3 or ass;gns, a~~all operate
~ re _.,se, d.uharge, mod~fy cha::ge or affect the orig~ral liv~:uty of the NORTGAGOR herein, either in whoie or in part.
10. It is s,.c-_.4~c,1:~ agr«d ~hat t~me ~s of the Fsse~ce uf ti,is contract and that no wai~er oi any obl:gat~on hereunder or of the obligation se-
-^d hereby s~a:~ at any ti+re th~r~after be he:d to be a waivrr of the terms hereof or of the in:tr~cnem sccured herby.
t S. in ,:.i;} ilc. ~•o the foregr n.~ ~~ronth'V F.~Y'~,=~'S of p:i'u pa! and interest req~~~red by the prom sscry nc~e s~cured hereb~. mOrtgagpr eOVenanis
~ d ag~ees tu rar to rgay:e v,,;h cach mcn~n y pa~~ em an adJ•rional sum es!~~~~areri by morrgagee to 4r_~ ry~al to t. I2 of the anr~~a; cosi of the fotlow-
A-A!i r~al F:rop ~ty tax~5 te:i_:'. or asseszed ag~i•ut thc acove described r,al esrate.
E F:~: , s on f~w a;id ~IY~nJsrc ~n ~ns~r: rce as ner~,~n req.~,red to be carri• d ce the :mrroveme~rs s;tu3te on th_ above d_sc~;bed premises.
C-Pr~~ s onr sucji r,S rt.y~e gua~ar~ty ~cs~.,ra~ ce es mertyagee sha~l fro~r• t me to Tim~~ d~e~r, fit to carry on the foan secured hereb~.
P.4orrgegr's~<,'~l:G~n n~r~ to't~:~,e ncr~f; mcrry.;3cr ~n wrir~ng of the a~r.o.,~t d~~~ and payabte hereundar and such suoi shail therevpon be due and
.!~!e on t}yF~ cf~~ti.-r•, o~ ~he'Sext n~omh:~ payme,~t a~~d e~ch successive mo.^th thereatt~r uctil mcrtgagee sha!I notify mort3~gor of a change in such
:nt. S:wh s~ns sf s.i be a~tF.'~~by n,or,yay~_~ tov.ard the payment of real prepert~ taxes, insura:~ce prem.ums, a:ed mertyage g~aranty inwrence
. ~,~~+ums. ~ ~ t3 7 . f ~ .
IN ~ITNE~S '::HEREOF~ tR sa d h10RTGAGOR has hereunto set his hand and seal the day and year first atoresaid.
5:gnod, Seated.~a~d'de(iverecL~n the presence of: GULR~ATL.A~~ITIC $TM S F OR IERCB INC .
' ~ - ~ ~ 1' ~ BY : ~ tseaq
~ ~ • -T1 ATTEST: lSeaq
_ L~ _~t-~t Jos ph P. Strazaul SecYekaav
STATE OF FLORIDA COUNTY OF ST. LUCIE
I HEREBY CERTIFY, That on this ____~~day of__ October , A. D. 19~_,
before me personally appe~red F'atzick B. La11y and Jos~h P~ Stt'~zzttlla
respectively President and Secretary - , of
r_ u 1 f~ At lat1~ ~.~.SnvPC ~pn tc nf Rc,r t a,~~cz~ a_ _ Flor ida _ Corporatic~n, !o m
known to be the persons described in and who executed the foregoing instrument and severally acknow(ed~ed 1he e
:
cution thereof to be their free act and deed as such officers for the uses and purposes therein re+ef~liq~d~aAd Zh,it,'ti~~y.
affixed thereto the official seai of said corporation, and t~,e said instrument is the act and dee¢~~of said corpore~'~f}
4VITNESS my hand and official seal at Fort Pierce id county and s v:~, :
~
This instrument prepared by John W. Collins ~ ~ ~ ' ~
of Rirst Fedezal Savings and Loan Associa , - ~ ~
of Fort Pierce, Flozida otary Pub!ic, in and for S`at and County;afores~ifl~' :
My Commission Expires: / f/ ~p>`~ _
fILEO AMO RECORDEp ' •
:T.lUC1E COUNTY FLA.
- k~: „E _ ~ /O,
~ i~ f: ~L' R ~ Rf1~lYm ~-.~.L. / d-,~ tN M~'•e!IT Oi TAXE;
Checked By - ----------c1-1: ~ : , - Di~ Af C~ ~ NRMCtdI[ ~ERS+~ i~: PROPER.
M~iAMi 10 Q1AVT~R 71•134. AC]S OF l4~Il.
OCI 6 l"t 34 PH'~Z ~ ~
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?~JUK~O ~ `'S~' ~ 239405 is
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