HomeMy WebLinkAbout1548 3. To p;aca CJ~;tin~O:S 1 h: ~,p on ~t~., c.., :i~• :~s nu.v or i~r:~~.iE~rr ~'r„~fe on s.,:d and acd a~: , ~_:,r .,~~nt a~d pe.sona'ly cov~•red by th[s mo~
a~e. w;th a;t prrn:~,,~~s ~..:r_on ~.~d ,n t. .::r. ~ n tF~: ~s,,~~ srard~•d No_c~ tor~n. in a s,~~n .,;..r.~.ad b~ ti., ;1JK~~•:vF[, a~:1 ~~~:~ds~o
~.~•5u~~nCa ~n Iha uS.~ai i ~~~.~1~rd },G. Cy t n i.~ d s. .:ti a~.p~~to.ec~ Ly ih2 A1.~.RT(~a.^.~i~[. .n Su:h t.~~.~n~ Cr C.:~•,~-~:~i: r5 d5 the r!.O<TvAGEE m
d~rrCi; anc~ al{ lirc' a~4 v~.~~cist..tni ~ni~'~nC~ F;o~~c,c'S On any 04 S~~d o.,~:d~,ys. a~~y in!Cr~'st 1F~~ ~~n Or ~~a~t t1:~r~'Of, in the .3g9r~_~,r~~ s,;~„ di0ies~~d
in 2xC<'SS fhrrEO~, St~,iii ;~i,.~~n th;a usv::! s!~-'u,rd ~cO:tj.;~~~e; C~:+~sc' or i.,[h OthC~ C'~.+use di ?hr l.~Ortya~~~e may ~ey-.,.re, m~:,~ng ti,,,~ ~e55 ~~~:lar S-~~d p0
-~rs. each and rvery. Pa, to s., d~\WR1~AG:E ~s ~ts ~n~cr.st ~n~y appcar, a:~d ra;h ~nd e.cr~~ sv_h pc .c~ sh,l: ce E;rom.Hr.~• ass g„~d a~~d dr ~~~r~d
ani hetd by sa~d ;.Okl::q;>:E es i~ib_~r s:c~r~t; fo sa~d c.r.r~.~;e d_oT. a::d. no~ :rss than tan ;;0'~ da.s ~:.:J.,~,:~ af ihr ev~v„t,o~~ e.t cact~ po!,cy, to d~
~,~er to a.,~d f.10RiG~GcE a.'ri,e::~l t'r:c•r~~of. toge~nar w~th a re[c••~ 1 for th.• prr~~~w~n ol s~th renr~..;.; .i tt:_•< s• b? r~o 1,~e o~ .y. .:i+c•~n r'.wrant
p:~ced On any of sa.d b,:'d~•~:;5. any ~nt~'es~ ih~re.n o~ part thcreof, uniess i~~ th~ fonn and wr.h the pa~au:e as o'cres~~d; ard i~~ the cvent any s~n
oi money beco:nes pata:,:e v~~drr s~ch Har.y or poi~urs s~~d ~ti'.JRiGAGiE ih;il ha~e rha o~.!.on to rec_~:_ .:p~, y t~~ s., ~"e on ac:o~ ~t of th: ind..~r~~d
_ss srcur~J ner~~by cr to E, ,.•,.T s~.d MJRTGAGOCS ~o r<~cr;ve and use it or o~~y p:-it t~~••:~ot r~• r.,. _s•; . ~ ,•.c, ~
~ny any ~q~~~ty. I;en or n_aht uec'.•:r or by virtue of this n~Gr:ga9t•: dr.d in the event sa~.d h10e2TGAGORS sh.a~l ior any rc.non fa~l to k?f~] the sa~d Frumis.:s 50
r:s,r~d or f,~l to d:. ~~cr pro•n;>T!y an~ of s~~d ~>o!,cl,~s of insu:ar.ce to sald MORTGAGEE, cr f,~~ p~::n•F,r:y ~o p ay t~ ~y ~ny sh<r~t~~ o~ ~n a•~y
r..sF~~n fa~l to perform, d;>ch.~r.~e, ea~•.ut~•, efrrct, co~~~p;rrr, conply w~~h and ab~de by th~s coven.~m, o~ a~,; p.,•f h_r.r.t, s.~~d R1~.-RC:~~G~E ma•i p~ac~~ o 0
F.,~ for s~ch insu~.,nce or a~~y part th~•~rof w~thout vvaiv~ng or affec~~ng any opt~on, lien, equ~ry, or n;jhr u~~J•_r ur 6~ v~•~ue of ii,~s .t1o~!yage, and +h¢
amount of each a:~d e~ery such pay-n~•nt sh~~l La ~~nmed~ately dve and paya6le and sha:! b~~ar intvr_s~ Irom tha datt thrr~of unt~i p.,~d at the rate of
~~~~.e pe~ c_~niu~n per d;•~~:,~i~~ t,)~_.th~~r ~n~!h Svch in!..r._st <hsi~ .e S:W~C~ F~y /~1@ ~ien of th4 nlOrlC~a9d.
d. To permit, eomrT~it or su`ier no ura,tr, i:r:pairr.~~~nt or deter~oration of sa~d prcperty or any part thereof.
5. To pay aC and sing~~lar the ccsts, charges ard e<<~enses, ~nci~u~ng a ieasonai~le attome~"s fee and cosTS oF af:stracts of t;t'e. incurred or pa+d at ,
t~•~ by s~~d M1'.ORT~AG'E, bcc~vie cr in the eve:.t Of thc la~lure on tnr part of thz said A1~RTCiAGQR ro du~y, ~:~u:•'Nt~y and f~~:y r~•rfor~n, d~schargr
.-cute, effect, con,p:~te. cc^{;:y ~v,fl~ :,nJ a6de by e:ch and ry~ery the st~pu~at,o~~s, a~re.,~,,~~~,ts. cond~e~~„s. and co~enants oi sa~d <<oni>sory nvte a~.d if~~s
~,rfyage any or e~!hcr, a:,d sa d costs, charges and exHC-~ues, each and every, shall be im~ned~ate~y due and payal;.~•; v.h~•ther or not fh.~re be no•~ce da
~,•~d, atre~npt ro co:;ea or su:~ prnd:ng; ~~~d ~he l~li amount oi each and e~ery svch F,~yment sh~ll bea~ in4~~rsf iro+» the date thereot u„ril pa~d at the
:~:i~ c;e~ ~_...,,~i~ ~ cr ~i; ~..w ~u imd ~va cr~d:~c'S a:•.(~ Cx~ar.l-5 iMUtr"rd Or }~•~~Ci. tpyctfKt ~v~th1 s~.Ch ~ntet~sl. Sfid{1 b0 SiCurCd ~y lhe i~~n Of 1~1~3
n:orrgage.
6. That (a1 i~ rhr event ef ami b~cach of th~s hlorrgag0 or defavlt on tF+~ part of ~he h'OFTGAGOR, or ;bj ;n ~he event any of sa:d sums of money
~~~"E`~rl referred 1J V^ ~.Gf ~;/~.~t~i~'.Y ]l:LI !u~~y {:~~C~ ~ti'~t~i~'1 1f~~fty (~JI d3yS nfx~ d'f_~ tfle Sa:i~e SC~~!.f ~J VCCOri:•' (~uC d~:d payal~le, w~tl~out dc'~~~d~~d O~ llO1~Cc,
,c) in tha e.ent ~ach and cvrr~ tl;e sn;.u.:c~uns, agreeme~its, ca-a~d~'~o~u ar,d covenants o! sad F~o:n~ssorr notr anel ths n,orlgage any or e+ther are no1
i;,:y, pro~nptiy and fo:,r ~:~rfo:~+,~~d, d s:t~a~g_d <~aewted, e~fectrd, canpleted, comp~~ed with ar.d at~,3•~d 5;, then in e,fher or any such event the sa;d ag
late Svm ~r.rnt~o~~rt! rn so~d {:roi~~si..ry <<~tr thcn re+nd.nin9 unpaid, ~.ith interr,t ~cc:.:ec!, nnd ~~i n,o:~c)5 5ec~.:rrd hereby, Shdil b_twne duC and pa~•
- to:ri~w~th, o~ iherca~~r~, e! th~• opr.cn cr s.~.d A10RTGAGEE, as fuliy and co~~~pler~~!~- ~s ii a:~ of t'~; s~:d swr•s of money weie or~gn~a~ly s::pu~atcd
te p.~ d on s~ch d:.{, -~n,tt~~:'g ~n s.~ (I F:~J:r: sl~.ry note or in th~s r~Aortgage ro the contrary not::~~hs~a•.d.~~y, a~~o ~h~•rru{:on or thereafter at the op~~on of
s~c! "110RTGAGEE, ~r~rt..-.~t ~.o':ce o~ deinar.d, svit at Iaw o! in equny, therefcre or thereairrr beyun, n:ay be prose:uted as if a!I mone~s Sewred hereby
r d mar~red pr~or to rts ~nsnvut~on.
7. Tha~ in the event fh3t ar fhe beyinn;ng of or at any time pend~ng any w~t upo~ rFus Mo~!3age, or to fcrcuose It, or to rcform it, or to enEcrce
,.~,ment of dny Ci,3+mi hz~•e~rd_r, sa~d t~~ORTGi.GEE sf~a'I apply to th•_ Court having ~~r~sc:ct~ori th_:~:;d for the ap;:o~nt~nent of a Rece~ver, s~~ch Ccurt sha~l
r~rrhw~rh apE'oiM a rece~:rr of s_:d n:~rr;:,y_~d prepe~ry ait and s~ngu:ar, ir,~iu3 rg e~t and s~~~gu~ar ~hr <<xo~ne, p~ehrs, iswes and revc~,ues f~o:n v.h;tever
s. rce der~ved, each and e.~ery oi .~,i,,c~~. rt be~~~q expresi'y ~ndcrstoCd, is hereby mo~tgaged as ~f spet.i~c~.,y set fonh and desu~bed in ihe g~anrng and
end~m c'a~srs her_of, ,r d s~ch Recr~.~r sha.~ have ait the brcad and effect!ve f~~~c!•o~~s and pevrecs in anyv+~sc rntrusted by a•Cov~t to a Recrrver, a~d
s_h aF,puintm_~nt S~13Ii LC r,: ~~le by s~ch C:~rt as an ad ~:i!ted equity and a n-attM of absoi~h_ ~ight to said MORTGAGEE, and wi;heut ~ef~rence to the
~.:a.,_,ct er ~nadequac~ of ~ha va:~r o4 fhe propr:ry mo~tgayed or to rhe so.vency or mso~ven~y of said MORivAGOR w the def~;:~dann, and rh~t such
~ ~s. prot~rs, inco.ne, ~sw~•s and re~e~~~es sha~i 6e app~~ed by such Reca~+er acco:d~~~g to rhe tien or eq~ity of sa:d 1.10RTGAGEE ar.d the pra,nce of such
Court. .
B. To du'y, prompt'y and fu•.!y pe~`on,,, d~scharge, execute, effect, comp;ete, con,N'~y w~th and abide by each and every the st~pula!ionz, agreemrnts.
~nd;t~ons and tovenants in sa~d pro~r,issory note and ths mcrtgag? sit forlh.
9. That in the e~r~t th, or,nersh;,~ ol th~ mortgaged premises, or any part thc~eof, 6ecomes vested in a person other than the MORTGAGOR, the
,'~RiGAGEE, i!s succrssws a~d ys~~~~s, r.,ay, wirhout r,erice to t~e ~~'~ORTGAOR, deal w~th soch successor or wccessor in ~nterest ~vith refere«te to this
~:~.~tgayc ard the d_u~ h~•rrby s~~c~~~ed fn ihe Sd~ne mann~t ds wi!h 1.lortgagor withouT in a~y wdy vit.ating or discharging thc fAcrfgagors' liabiiity herC-
;ir~ or u~on th~ d~i,t h~r~i,r se.~~-•_~ !vo s3'eaf the Fre~..~ses h~:eby mo~tgagrd ard no forb~arance on the part oF the !10RSGAGEE or its s~ceessors
dss gns a~.d ~~o exte~~s:o~ 04 the r,. ~!:,r tha payment or tbe drbt hereby secured given by the h1URTGAGEE or its wccessors or ass:gns, a~iall operate'
~ re~~_ose, d.scharge, mod~fy change'cr atfect the orig~nal ~ia~,~,r;• of the h"•ORTGAGQR herein, either in whole or in part. j
' t .
1p. It is s~ rc f,:ei;y ~~er_-;~ tF,;t f,•ne ~s of the esse^ce of th~s contract and +hat no wai~er of any obl~gat~on hereunder or qf'iki~ObU~ation Se=•_-'
c~•ed hereby sha ~ af er~ n e tn r~.~ar be haid to be a wa~~er of ~he terms hereof or of the inst~u~nent srcvre~ he~by_ I
1I. In ~~cl ~ f~ . sc~.~ _ ~ ii'Y 4'.3y•n_ nes of pn:,c p.+l and int_~rest rea.,~red F~y the pro:^~~iscry ne'r s~ cu~ed h~~ rb~.~~oct~~Or -'tOVenaA~S •
ag~ccs ru so ~ r~ ~_r_c r1, .~.:n~h v,;,~,~ e•~! ar, so:: r~onai s~m <sr , ared b1 ~T o•ey3ge= to be e:~~~i to 1 i2 o f t::~, an.~eal c4st o f t h e fo1 ~
' r~ r .
+,1
. A-Alt ~_.i~ p:rop.,,.r; a,._s Ir.~:~~ ass_~ss~-..i oy.~~•~~s' rF.c ai»,~~e der~i~•_d r~~al es'ate. t'. ~ .`O
I B Fr ~~~s c:~ f~._~ a^d ..~ndsr, !~ns:rarce as iiereln req~.red to be carried en the +n~rov;:~ne~ts s'tuat~ on the atx~ve d_•jcn~tj p~mis~s. _`'r . .
C Pr<~ • s o~ ch g-a ry rsv~a~ ce as morr_~agee sha~l frc•*~ f r~e to tnoe dee~i fIt to carry on t~e loan srcurtc(~~f,erteb~l/
I 1~',o.t3; ~ s•, . c~i t, o.. c~~ , n crt~.~ge~ .n wr,t~ng o4 the a^ o, ht d.,., ar.d payable hereundrr and svch su~r sf:,i! fi1pr~pori be•due:aMd
j e o~ ~h_ d o= ~%rI o,irF n yr,~~t and e..ch successive mor~th inereaft~r ur.~~l mcrtgagee sh~f! not~fy mo:tgagor oi~a ~ia~i~ i~lLCh
~ r nr. Such ~~s l~- ~ .i•;,y ~•ry,:_ iov:ard the Narment of real propert~ taxes, ~nsvrance pre~n.ums, a~d mortgage g~3rapty, .i~Surance
j . .~•„iums. ' .
~ IN 1:lTPJE~~ :.N_R~OF. the sa~d 'AORTG~GOR has hereunto set his hard and seai theB ay ~y~arA;r~t a~ s i . ~T N I~
~
S~gned, Seafed and del~ve~ed in the presence of: ~~~1~ r~U ~
f LEQ AM~ 3EC~R~EO BY - (sea~)
- - - - t~. `UCt~ ~uN Y lA.
~ AOCf'~ F~~sTRA{ aaes H. Blanto President~~al~
~ C~ERK ~'Fi.:-~T CdU A ` 3 lSeal)
~~~'-s~~~r:~r° ,F'<<~~a~D Wood Secretar -
~ ull F. tsea~)
- _ _ - - Yli~ ~~l V ~a iiti ~~1~ - 2reasurer
240418
: TATE OF FLORIDA COUNTY OF ST. LUCIE
I NEREBY CERTIFY, That on this ~Sb _.day of-_ OCtobez_ , A.D. 19 72 ,
:;efore me personally a~peared _~L~ISS_HL~~~4n and J1~lie?_F. WOOd_____i
-espectively . as_ _ President and _ Secretary - Treasurer of
Blanton and Wood Constructio~_Inc. _ a FlolCida Corporation, to me
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~ k^own ro be the persons described in and who executed the foregoing insirument, and severaliy acknowledged the exe-
~ ~?~on thereof to be their free act and deed as such officers for the uses and pursoses therein ment~oned; and that they ~
~ ~
a~~ixed thereto the official seal of said corporation, and the said in;trument is the act and deed of said corporation.
`vVITNE~S my hand and official seal at Fort Pierce ~R1oZ ida _ said county and te.
This instrunent prepared by ~ ~ ' '
.I. H. Roberts, Jr. , ; . . '
First Federal Savings and Loan No y Pub , in and for~~~Q~ ~aR;~isd~-'`~RGE ~ ~
My Commission Expires: ~ .
A$sociation of Fort Pierce~ Florida MY COMMISSION EX%RES D~p.`zq,tt9~~':-~ '
?ondeA TNu Genera~ Insu•~nc n4eANterlf~ • ~ -
\ ~ \i - ~ ~ _ ~
Checked By rY~------- - ' ~ `~'J~ -
:~,.T`T' .~r : ' !
Q~Rx207 Y~~f~548 ~ ~
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