HomeMy WebLinkAbout1550 3. To p!ace and cont~n~ous~y ~e~p on ti~e Lu~ .i~~+~s nc.v or her,.~afrrr a~t~ate on s~ d!and a~:d on a< q,~;: n_~nt and F~ersor~~:ly co^~~~rd bv th~s mor
e~c, wth d~~ ~:f~'1.,~.•~S ll~.~ri'Otl f.3C1 f~,i. t:c~ i~~s~~a~c~- ~n ~~t? uS~.f{ S~Ji~:~~!~ NO~C{ FOf~T. ~rl ~ S.:~l d~rtOre~ ~J !h~ .~,JEl.v.v:t. v~~'~.~SiJ
r~surance in ~he us..ai er~;,.i~rd No'. cy !or~n, ~n a su~n a:;:ro.~d b/ tne MORTGAGEE, ~n such cc.. ~,.~~~i cr c~,,, an es as the t:,021~•:.v:E
J.irCt; an~1 all hre a~ ~.ti,i~datorin i~~su•once F:o :~rs on any Of sa;d b.ii:da:ys, any intcr~;t Ihvr~~~n or ~:a~t th~rc~4, in fiie agg~•. ~~r~• s.•~ afores.~~d
~n eacets thr.aof, st~ali .on ,;r, the uw:.', si., ~ci..rd n,ur~y,gee c'~ause o~ wch o~he~ c 3use as ~he Mo~t~a3re n:i~ ir;~~.re, n~aA~i~g t'•~~ .c>s ~ndar s.. J po
es, cac?~ a»d ~ve~y. pa..,;, to s~~d ,UORivAi::c ~s ,~s ~~v_rrst n,ay appear, and each .~r.d e.er~ svch F., f~f i,e pro:~ F,T,y ass y~,~d d dr.~.<r~d
ani held by :a;d ~:~,OR':>AGiE as !wTher s~_cu~i!y to s.a,d ~•.ortgage d<bt, and, not ~ess than ten ;10; d3,s i:~ a~,:•~~:ce oi tne ex~~~~atw+~ of each poe~cy, to d.
~~~er to sa~d h~OR?G~GEE a ranr,•r~! 1her.Jf. IO~Cth2f w~th a rece~pt for the pren~ium of s~ch re~~r~na': a~d tt:_r.~ s~.a! oe ~,o S,rr or .~;~;cs,ro•~:: ~:.s..~a~c
~~:~tad on any of sa:d b~~!d~•~gs. any ul~cffl~ there~n or part ther'rof, un'ess in the (orm and w~!h the loss patia;:'e ~s aforesu:d; acd In the e.ent a~y s~n
o+ money beco~nes paY..b:e ~nder s~ch pol~cy or poLc~as so~d k~JRTGaG=_E sh3lt have ~he op!,on ro rec_~:•~ .,:,d .,p~ :y r:~a sa•:,.r on a,:o„,t of ~he i~~d~~~t~•d
n..ss securcd hareby or ~o p_~~".ie s3~d ~dCRTGAGORS to rreehe and ~se it or any p:•~r th•~:cof tor u:, , ~s.; _ t ~n.•,. 3.:
~ng any equny, i:en or riyht und~-r o: by v~rtue of th~s mcr'~ac~e; a~d in the event sa.d S1QRiGAGORS sh.i'1 `or ,,ny ra.;son {~~t to k~•ep tl:e :~~d prem~sas so
!nsurcd, or f.,~l to d.'.~~cr pr~m,,tly any of said poGc~es of ~nsura~~ce to sa:d MORIGAGEE, er i~~: pro~~•p;:y to ;-ay f.,.,y an< t~~~~r_•ror o~ ~n a•~y
~esp~ct iail to perfo~m, d:sch..r~e, execute, effe-t, con~pleta, conply •e.~fh and abidr by th~s cove~~~:it, or any p.~:t h;reof, s.~~d /.4UR~~•1G'_E may p:ace a~a
p~~ for such inlur.~nce or any part the~eof wnhout waiving or affectiny any opteon, lian, equ~ty, or r~~ht ~n!:. or by virtue ot rhis Slortgage, ar.d thc
t,;~l amount o} each and every wch pa~•m~nt shall be ~m~ned~ately due and payabte and shail beai intcr~-s~ from th~ date thereoi u~~i~l p.,~d at the rate oi
~~~~e pcr cc•ntum per anrw~:n !u3rthcr ,nith wch ~n'e'_~st aha~~ be Srcured by the lien O~ 1hiS motty3gC.
I. To permit, commit or svffer no waste, i»,pa~rmen! or deterioration of saed property or any part th~•rcof.
5. To pay all and singuier the costs, charges a+~d expenses, ~nciud~ng a reasonaole attcrne~~'s fee a~~d cesrs o1 abs!r, cts oI title, incuned or pa~d at
.~,y t~~.:e 6y s~~d 1'.'~;RiGA:j'.E, beca~se or in the rverit of tl~e fa:lure on the part of the sa~d 610RTGAGOR to duly, pro:~~tly a~~d (u:~y perform, d~sch.~.gr
~.ute, rffecr, comp;ete, co npfy w~th a~~d at, ue by each and every the s~ip~iauo~~s, agrermants, co~~ditions, and covena~»s oi sa~d p~o ~usiory note a~~d ih~s
r,o~Tgage any o~ e~~her, and sa d cests, charges and expenses, each and every, shall t,e iminrd~ately due and payab:e; whether or not the~e be not~ce da
~.:3nd, atte:npf to co:irct or suit pend~ng; and th~ full amount of each and e~e~y svch payment shall bea~ in~._resi from the dafe the.eot umil paid at the
. o~ r:~ne p;rr c.. :tu'n ~.~~r on:i.,'i; a:~:: ~:i SaicJ CG5t5, Ctld~'~@S an~ tapenSeS iMUrred Or paid, tOgethe~ w~lh SuGh ~nteteil, shall be secured by the uan of ih~if
~^.o~tgage.
6. That (a) in the event of any brea:h of th~s Mortgage or defau!r on the part of the :".ORTG~IGOR, or ;b) in the event any of sa'd sums of n~oney
h~rein referred to tr r,oi p~c+~~Ft;y and ~u!iy paid w'ni~in th~rty i30? days next a~r•~r the sa~+~e s<•vera'!y beco^~e due and payab!e, wdhout demand or not~ce,
_r ,c} in thr event e~ch and evcry the stipu':at~uns, syreements, cond~tions and covenants of sa d prom~ssc~y nofe and th~s mortgage any or either a~e not
;.,;y, pro~~~prly and fui~y perforn,~d, d scharg~_d, execurad, effected, complered, comp~:ed ~v~ih and a6•d_d Sy, then ~n e~ther or any such evem the sa~d ag
~~-~atr s~m m:enuo~~ed ~n sa~d f:ro~n:isor~ nctc fhen ~er.~a~niiig unpa~d, with inrer~;t acuued, and a.f monr~s secured hereby, shail becomr due and pay
ac: c fo~th.vith, o~ +herea`ter, at the op`~on uf i,~d NtORiGAGEE, as fuily and completely as if a~l of th;: s.+~d su~ns of money were or~g~na:ly st:puiated
~ be pa.d on s~ch d.:y, anyfhu,y ~n n~d p~on:~ssery nore or in th~s hbrrgage to ihe corora~y not.v:!hstand~:~g; ar.d thereupor, or thcreafter at the opt,on of
s~:f V10RTGAGEE, w~nc~ut r.or~ce or dema~:d, surt at !aw or in equity, therefore or thereafcer beg~n. may be prosecuted as if afl moneys sewred hereby
d matured pnor to As ~nsGtution.
7. That in the event that at the beg~nn~ng of or at any time pending any su~t upon th~s tJ'o~t9a3e, cr 1o foredese it, or to refo.m it, or to enforce
:~v~~ent of any c!aim,s he~eundar, seid 1.5pRTGAGEE shaii apply to the Court having i~rsd:ct.o~i t1nr~~ot !or the apNO~ntment of a Rece~oer, such Cuurt shall
i.:chwirh appoint a.ece~:~er of s~~d c:ortgaged Nrope~ty a:l and s~ng~iar, in~;~d ng a11 a~~d s~r.gutac ~he ir.ceme, profrts. issves a~d revenues !ro:n x•h,te~•er
c•~•ce derived, ea.h acd every of wh ch, ~t be~ng express!y understood. ~s hereby merrgaged as if sp~c:f~ca'~!y set iorth and descritxd in the grant~ng ar.d
~.;endum c'avses hereof, ar.d s~ch Reca~ver shaii have ail the broad and efiec~~ve func! c,:s and pov.e~s in anyw~se eMrusted by a Cou~t to a Recaiver, a~:d
s:h appGinlir.Cn1 shall be n: ~de by s~ch Covrt as an ad nfttrd eq~ity and a n,atter of abso~~te rigM !o said MORiGAGEE, and w~.hout reference to the
:~q_~,cy or inadequacy of the va!ue of fhe pro~erty mo.tgaged or to fhe se.vency o. ~r.soivency oF sa~d MORiGAGOR or thr deiendants, and rhot such
~~s, profrts, inco.ne, issues and revenues snall be apptied by such Rec~~ver ac:ord.ng to the lien or equit~ of sald h10RTGAGEE and the practice of wch
LJU7t.
H. To dv'y, prompt"y and fu!~y perform, d~scha~ge, eaecute, effect, complete, comply w~rh and ab~de by each and every the stlpuiations, agreements,
ndrrions and covenanrs ~n s~~d pro~*~~sso: y note and ~h,s mortgage srt forth.
9. That in the event rhe ownership cf the mortgaged premises, or any part thereof, betomes vested in a person other than the MORTGAGOR, the
JRTGAGEE, its successors a::d ass gns, ~*,ay, w~ihout notice to the h10RTGApR, deat w~th such successor or sureszor in ~nterest w~th reference to this
~•rgage a~~d rhe d_•b~ herrby set~~rcd in rhe same manner as N~rh ;1,urtgagor w~~h~ut in a~+y way vit:atir.g or d:scha~y~ng the Morrgagors" Iir: J~ty herr
;i_r or uF~~n the d:tt hcre::,r s~cu~ed. No sa;e of tt~e Fre~~,is~s hcreby mortgaged and no forbeara~ce on the part oi ihe ~AORiGAGEE or its successors
ass~gns and no exte~~sio~ ef the tr.:~e for the pay~nent ot the deb~ hereby secured given by the rl~ORTGAGEE o~ its s~ccessors or ass~gns, anall opetate
~o re~ease, d~scharge, modlfy ct:ar.ge or affect the orig~nal l;au.;rty of the M.ORTGAGOR he~ein, either in whole or in part.
10. It is spec i~:all~ ag•ecd that t~me is of the essence of thls contract and that no waiver of any ob~:gat!on hereunder or of thaabtfgeM~o~u? ~
,.~ed hereby shali at an~ tln,e tn.~reafter be he!d to be a wai~or of the term. hereof or of the instrumenr secured herby. ~ 4. ~ ~ ,
I I. In „~i t.c ;~o th Eo e ~c. 3 n cnth'v ~,ayn~_nts of prir,c pa! and ini,rest re~u~red by the prom sscry no~e s_curzd hereb~, r1lotTgAgot'tOvep6n~ ~
~ ag~e~s to a~y To rt~._s~:e ..~,t, <acrl :~•on+h y~,a,~ ent an ad:, ~~onai sum es~ ~ ared b~ mortysgee to be equai to 1 12 of th:r an.~u~1 cOst~Q1 ~fol~Ow-'y '
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A-A~i ~cal Frcporry t.~.:s !e_~_~ or ass_ss_•:i ~g~;•.si lhr acove described real es~ate. ~1 .(J ;
' 6 Fr,::.~:.s cn f:re ar,d Y.:cdsru lnsurorce a> i~e:c~n req~,red to be carn•_d en the ~m;roveme~ts s~t~ate on tha above d^;eubee~~rem~s.
'
C Pr~~~~ s o i s, ch n:o~r; ,ge gua~„•:ty ir.svra~ ce as mcrtgagee shai! fre~^ t me !o t~•ne d~em fit to carry on tfie loan se~~red tiel~y.~ ~ .
t Y
~ 41ortyag~e s•~-: f~ati t~~~_• to t.~•e ~~c'if~ mcrtyager in vrr~ting of the a+•~.ount due and payable herzund:r and wch su~i} sh.~1l~~ereupdn be Aue and~
•b'e o~ the d~ , c•• ei ih= ne.t •:•onth~: ~ pa r~•ent and each success~ve month thereatt~~ vcti: mcrtgagee sha!I net;fy mortgaga[ of ~ cfiangQ• in ~uih
~ ~„nr. Such s.: r~s s~ ~!.e a;:F, ~<~:1 vy mortg.3_ :•e rov.ard the payment of real preperty taxes, insura:ue prem.~rns, and mortgage~.~v~afty~ i+n~Yonce
~ . . ,~.ivms. -
I'~1 \'lIT`~ESS '::HEREOP, rhe sa~d ~.10RTGAvC2 has hereunto set his hand and seal the da an year first a4oresaid
i s~~TOrt nti oo ~ ~ I~c.
~ Signed, Seated a~~d de~ivered in the presence of: f ~E~ A~!~ qEC040E0
_ _ E~.LUCIE CUUMTY flA. RY ames . n n, «a~~
~ ROlrt" ~~~I e I~~S ($eal)
CLEF~? C '.Cdlt COU T
- ~ " 11Fr~R!': ~e': - fp ~ ~ F : 1'`7~1`~L-~-~_ - _ S~~TES,r.;T~-(Seaq
~
- - - - ~W ~ ~ 3~ l5eaq
240419
STATE OF FLORIDA COUNTY OF ST. IUCIE
I HEREBY CERTIFY, That on this _day of-_______-_ ~ctober , A.D. 19 7`~ ,
before me personally eppeared __~?m~s 11. [ilanton and -julia i~ . i~bo~~
respectively President and Secretary - Tr~a~urc~r , of
R1~?nton an~' t~'~oc'. Construction, Inc. Floric~~
a--------- Corporation, to me
known to be the persons described in and who executed the foregoing instrument, and severally acknowledged the exe-
Y.
cution thereof to be their free act and deed as such officers for the uses and pursoses therein mentioned; and that they
~
~ affixed thereto the official seal of said corporation, and the said instrument is the act and~ deed of said corporation.
~ ~~VITNESS my hand and official seal at Fort Pierce - , said count and state. ~
~ Thi s inst rum~nt ~rc~na rc~c' by • •
' . Fi. ('c~hFrYs, Jr.
'i r~t Hc~'rra I S~vint~s :~nc~ !_c~an tar ublic, in and for State d C ty aforeseid.
y Commission Expires: r ~ •
soC i a t ion o f Po r t P ie rc e, F lo r i cla MOiARY PUBLIC. STATE,~{~F~Oftjp~at [AR(~?
MY CpMMISSION Fl(PIRE6 DEQ: 29, 197!'-
~a1/r TAru A~w.?~I.~ji~~nnuhlnderrriC~ra.'
~ . Q
Checked BY : = lJ~ ~ _ = -
, ~ ~ ~ e~~ :
_;L~.~~~ PA~E1550 - •
4'-• ~
' ~.J.:~:.'4. S+ks~
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