HomeMy WebLinkAbout1556 3. To p'.3c~ and cnrtinuo~s~r kc_p on v~e 6~I ~i~~~~s no.v or herc~fte~ s.t~.~te on s:ld ianel a,~d cn a' .~;~p ~',rnt and persona:iy co.e~ed by th~s mor
age. w:ih a't Fr~•~i:;~•:s tl,~rron ~,:,d ,n 1,,:~, };r~• ~~.s.~~,:_ ,n rn~ us.,a; s~~nd_~~d Ho:c/ iorT, ~n a s:,,, a;.;~ru.ed b~ th_ I..JK,:,,.~i:, a~~J v.~~ds~o
;nwrsnce in the ~s.,al s•.~nd.~rd E:o: c7 !c~:n, in a su~•~ ro.rd b~ thc h1pRTGAGEE, i~: such cc:~~,,,:~; ur co a~~,es as ~~:e :'ORi'vAG,E m
dirrtt; and ~II t~r~ a~.d w„r~dst„r~n i~is~'.+~xe (:u:~c~es~on any of sa.d bu~'d.n9i. any interc;t teieri•in or ~,a!t !1~_r.of, in the a3g•_g~+e s.;~n atOres3~d
in eacess thcre~f. shai~ cont.,~n t~,., us~:.i a~., d,rd <<~o,..~,g_e c.a,;se or s~ch o~her c;~~se as the t.1or~,d.:~~c ~„ay ~~cq~.re. ~r,~.Al~~g th: .c.s under s.~d po
. rs. each and ~.ery. Pa~_ .r to sa;d .'.1JRi~,AGEE ~s :+s ~m._r_st m.~y appea~, and each and e:ery sv;h c~ s~ ~~I u~• ~;ro„.E,~ y ass y.,e~f J dr ~.~~~~d
any hcid by s3~d .',OR! ;Af.~E ~s iu•rt,=r s.~r;r~ ~o s~~d ~•.orig,~ge d~ui, and, not !eu than t.:•i ~t0' d~is i:, .;d.,~~:•~ of ti~e e.~:~,~~~on of cdc1~ po'~cy. ~e d~
~~ve~ to S~~d PdOR.'G :i~:~ a rene.•..,I ti~,errof, together wi!h a rrCe~pt foi thc prrnu~m of S~ch ~r:~.rr,., :.+.~d ti~~cre 5~~.~~. b•_ i:o t,re or ~.r,~,dstv•~n iciuranc
pl,~ed on any cf sa:d b~~'d~~~~s. any ~nhr,•51 lhere•n or pt~l therrof, ~'i'ess in the fOrm and .ai!h t4~e :css pa,en:e as ~.`cres.,~d; ar'd in the r:enl o'~y s~n
of money beco:re3 p~yaL;e ~~:Jr~ s~ch F.o~.~cy ar F;o;,c~~s s.~~d ".10RTGAGEE sh~H have rhe oF,!.cn ro rec~.~:~, .~~.~.i :,;;~~'.i t~.~•_ s,,•:~r o~i nc_o.,.v of the iuu~•c..i~J
nass sec~..rid har~•b~ or ro prr,•,-.t s.~~J fAORTGAGORS to reee~va and use it or an~ ~.,:rt ~n~: :;f ~c,r .-.s, , .
~n.~ any equty, I;en or ~~<~ht und_r or !,y ~irtue ot th~s mc•tyagr; and in Ihe eve~~t sad 1~~O~tGaGCRS sh,,~ .`o.•an~ r~~.~s~~~ fa~! to krep Ihe so~d ~rc~~.:s_s so
;nwn~d, or f~.~~l to d,~;ver pro~nptly an~ of s_~id {~o~~c-r:s oi insvra~ue t0 Sa:d MOR!GAGEE. Cr "t~:~. F,•:.~~~~.p;.~ to f ay 1,..,~ eny ~%r+... ,:~n tii~~~c{vr or in a'~~Y
resp<ct faii to per(urm, dluh~rye. ex.•.ut~~, ef~ecl. co~~~~p:e'e. co~nply with and ab~de by this eoven.i^,t, or any r.irt h_r~~of, s.~~d /:tV2~+G~GeE ~~~~y p~ac~ a~~a
~ai for soch insur.~nce or any part th_:~oi v.ahour waiving or affecting any opt;on, lien, equ:ty, o~ r~_:ht u~~der o. by v~rtue of th~s htorty3ye, and thc
t;il a~,~ovnt of cach ~:~d e.ery such p:.~r.,ant she:l ba ~r.mrd~afety due and payab:e and shail hrar ~nte~~st f~e:n th~ d~fe th~~~eoi ~~.rd p„~d a~ rhe rate ot
ni:~e prr cen'~~:n F~~er ar.rr.;~n „~,d t.,~_•rh_r n~th s~ch in'i~'•~st ch~i. b.• s-;cured by th? i~Cn of ihiS mortgaga.
3. lo pcnnir, comrnit or sufier rro v.aste, in:pa~rmrni or deter;orafion of said p+operty or any part thereof.
5. To pay all and s~rgu:ar the costs, charges a~~d exper,ses, inciudir:g a rea;onao~e a~tome,•'s fee ;nd cos!s o! 3~ StrnttS of t~t:e, incur~ed or F,3id at
~~:y t~~~e by v~d ht~;R•.~A~EE, trca,;se or In ihe evenr oi tiie fa:~urc on tne pan of thr sa~d 61~RTGAGOR to d.,iy, pro,~Nt~y and fu,:y Ferfonn, d~sche~ge
_.:.vre. ef(ect, con,p.:.,te. cc ,~,5!y w~~h a~ d ab de 6y ea.h and e~ery the st~putaf~ons. agra~~n~~nts, coru3~tions, and co~e::ants oF so~d pro.~~.~;sory note a:.d t' ~s
rortgage any or e~rher, r,::d s~ d ccsts, chargrs and e~penses, each and every, shalt be ie~med~ately due and payable; v.hether o~ not th~•re Le no}~ce d~-
r.,nd, atten,pt to co:~eCt or Svit uendng; and the tull amounf of each dnd e+ery Svth p~ymrm sheli bra. interesl fro~n ti~e date ^`•c' ~ti~
, ~une pe: c~~:r„•r, , u.~ ~ o;i s~~:i e~~srs, cna:ges a.^.J cx;;ans~s uuurred"or pa~d, taycth~~r ~v,th s~ch i~~tc:est, shail be secu~ed by the~i~an of th.s
n:ortgage. '
6. That (a) in the eveM of sny brcach of ih~s :'4lortgage o~ defaulr on th= part of the A'.ORiGnGOR, or ;b) in the eve~t any of s3'd w~s of money
h~•re~n refe~rrd ro be r.ct F.,,•~,F.' y~nd fu:~y F~aid wirt,i:~ th.rty ;3o dais ner~ a~t~,r the sa~~~e s~~:e~a':y beco~ne due and pay361e. w~If~out demand or not~ce,
c) in th,r event e,ch a:,d r,:r+~ ~he st~,~., sr,uns, agr<~ements, cond~a~o~~s and co~enants o! s~ d~:f0'~~~SSv~y note a~~d tt~,s mo~tg;ge eny o. e~tner a~e not
1v Hro~np~ly and t~iry ~ertor:•~,~d, d scha~3~_d, ex_•wtad, effectrd, compfeted, co~npi~ed v.~th ar.d ah~J,d ~y, then in e.thar or any su:h event ihe sa.d ag
~o`~ sum men!~~ned in s~~d {:ron':y>;iry n;te than remainin~ ~npa~d, with interr;t ~c.~utd, end d.~ monris secured here~~y, st:a;l bctu~~:e due and pay~
, torth~vrth. or th..rraf~ar. ~t iha epe,cn ~,i s.,,d h102TGAGEE. as fu;~y a~:d comp:e~eiy as if au of t~:. s.,.d s~:ns of money were o•,aina,ly st p~.atrd
bc F~.+.d on S~ch d,.y, dnyth~r.g in s,d p•o•n•ssory note or in ihis N.orfgage fo th, contrary not.v~tl;ita~~:7i~~g; ard thcreupon or fh~reaft~~r dt tFe opt,on of
s:1 .V,ORiGAGEE, v.~ti:out r:o~~ce o~ cie~s.ar~d, s~~t at law or in equity, therefore or the~eaftrr brgun, may be }~rosec~ted as ~f aIl monrys secured hereby
r, .d mat~ret~ Fr.Ot f0 AS u~5titv?~On.
7, Th;r in the event thar af the 6ejinnn(j ri or at any tfine peRd~ng any su:t upon t1~~s Mc~tgage, or io foredose it, or to refo.m it, or to enfo.ce
~~;ment Of dny C!a~~»5 hereucd<r, so~d !RlGr.GEE Sha;! app!y to the Ceu~l having ~ur~sd c~.on th_~eo! fGr the dpµo~rttment Of d Receiver, Such CGUrt iha~E
r~ ~rhv:lth apF;c~nt a receiver of s~id ~r~wf3.,y:d p:cp~rt~ ail and sinyufar, includ ng a,l a~~d s,~~gu~ar tr~2 ic~co~ne, profrts, issues and reverues from wh,tevcr
s. .-te d~~rived, eacfi anc! e~'ery of :ch ch, ~t br~~~g express'y undristocd is Fe~eby mer!gng~~d aS if s~~ec:f~ca~:y set foith and drsc~ibad in the g*ant~:~~ a~:d
',..~ndurn c a~ses her_o~, ar.d s~~ch kec~•~.rr sh~~~~ hav~ a~l the br~ad ard effective func~ o~~s m:d pov.ers in anyv:!se emrusted by a Co~rt to a Rec_•iver, a:d
s=h appcintment sh.3~i bc~ n:ade by wch Co~rt as an ad ~:~tt~d eGuity and a matter of absd,utc r~~M to sa~d h'.ORiGAGEE, 3nd without re(erence to the
..~.i~:,~~:,cy or inadryuac~ of th.,.~ vaive of the properry mo~tgaged or to the sovency or inso~~v~~ncy of sa:d l1:ORiGAGOR or the detend~^rs, a~~d th-1 s~ch
r~~s, protits, inco,ne, ~ssu^s ard rever.ues stu~i be ap~l~ed by such Recriver ac:ord.ng to the i~en or equit~ of sa:d hSJRTGAGEE ar.d the proct~ce of s~ch
Court.
8. ~o du'y, prompt:y and ful~y perfo+m, d~scha.ge, execute, effrcr, complete, canNty w~rh and aL~de by each and every the stipufations, agree:nents,
~rd~tions and covenants ~n sa~d pro~~issory nore and tha ~~~~~rtgage set 4orth.
9. That in the eve^.t thc ow^~:-<_h;p of the ~-~ort~aged prem,ses, or any part therecf, becomes vested in a person othr.r than the MORTGAGOR, the
:.~`R7('iAG[c, i~s suurssori and ass~gns, may, w~~houi nuh:e to the MORTGFOR, deat w~th s~ch successor or S~ccessor in inierest w~th rrference to th~s
o~!gage a~~~d *F:^ d_Lt hc•.e~~y s~~wred in the Sa^ie ma~+r.e~ ds with PAcr!gagor wAh~ut in any way vit.otirtg or d:scharg~ng the 1Jlcrtg~gor5' lidb~lity here-
der or u~.on the d:Lt F~ereu~ s_c. ~•-d. No s,ie oi tk.e E_•e~~~ses h~~rebr rnortgaged and no 4orbearon~e on the part ot the 1110RTCiAGEE or its successors
ass~qns .:rd ~o CntC~'SiOf: c4 the e for rh~~ pay~~ er~r ot the debt her~by secvred g~ven by the 1.1OR?GAGEE or its successors or ass gns, a1~a!1 operate
ro re~edse, d.scharge, mod~fy ci~a~:ga or affect the or+y~nai I~ab,lrty of the NORTGAGOR herein, erther in whole or in part.
l~~ It Is spec4~c;l1y aq~e~~d rhsi t~•ne is of the essence of fhfs coniracr and that no waiver of any ot'~ga+~on hereunder or of the ob!igation se-
c,;~~d 'nereby sha:~ at an~ ti~,.e ch~_rra"tter be he.d to be a wa~ver of the terms hereef or of the instrwnent sec~r~d he~by.
11. in .,:i~l t,o tf io•~ g~ oneh f,,,y~. .nss of pr~nc pai and in+erest requ~red by the p~on: ssc:ry no'~ scturrd he•r~b~. mo'tgayor eovenants
i agr,~_s te ;:ay to n.o-t3.:g•,•_ :.,rh ~acl: on~n j F..3,~. ent an ad-J~~ional sum as! ~ afed b~ morty3gee to be equal tc 1 i2 of t;;~• an:~ual cost of the foHow-
i.
A--:.'I r,~j! F.rOperty tax~~s ir:~~~~ or ~ss•~~s~_ci ag3i•~st th~ above desc~~bed r~~a~ esf~te.
S Pr_~~',:n o~e f~.•~ arc'. ...:,dzr~ ;rs,~.:-ce az iic~:e~n r,e,~:red to bc ca•n•d en tf;> :~~;:r~ve~ne:vs s:tuat~ on th: above d_scribed premises.
C- Pre,. s o i<u:fi n.orr~ .rn, gusi,~~t~ v~ra~ ce as mo•tg~gee shall fre:*: r~re to rl~ne drem f~t to carry on the toan secu:ed hereby_
M.orrQaa_~e r~, :`•an fo t~ ,e nc~~f, mc~t~sger ~n writ~ng of the a•~ cu•~t d:,e ar,d payah~e here~rndar and such su~~ sh:~:t therc~pon.be due and
j +b`.e on +h:- d,~ u.••:• oT ;h ~~~•.,.r ~:o ~rh ~ pa~ *e~,r and each successive mo~,fh thereafr~r u~.ri1 mcrtgagee sha!{ nonfy morigagor of a, ehange +n such
,~nr. Such s.,~•,s s_.~ f:e i~,-~ t:y ~ncrtg,.•; re:la-d the payrnent of rea~ oroperty taYes, insurance prent.~ms, a~d murtgage. gv~tartty iMUran[e
! . .~~~~urns. ~ .
i"' ! •
~ IN 1VIT~;ESS :':HER~Of, th~• s~~d ~AOR'.CAGOR has hereunto set his hand and sral the dry nd year first a4or
~ F:RF~r:~~r= Fs.~~ co., iti~c.
~ S~gned, Sealed a:,d ~ered ~n"the presence af: f ~Ep,thn RECORDEO
~ LUCIE COUNTr FLA. ~Y ~ `Z -~4
~ - :
~ I ~ ` ROCCR F~ITRAS ~
! - - ~~c?K c;~,;.u~r cc at ~ ~ «an
~ „Ur.~~
~ _ 1-11r:~"--R~GAF~ Y~E:c;E~ r1TTE5! : ~ (Seap
_15ea1)
~ 4. - - ~Cr 15 - S 3b
A!i
STATE OF FLORIDA ~ OUNTY OF ST. LUCIE 24Q422
~ I HEREBY CERTIFY, That on this __~~__-_day of_-_ ____~1~11.~~-s~ A.D. 19.1~,
~ ~c~s~r~h P<~oni - and _~1_~nchc~ ?c~~ni
before me personally appeared _ _ _ _ . _
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~ ~espectively _ President and _ _ _ Secretar , of
- Y -
~ic~rrvu~c~~?thc~r In~~~stm~nt Co,, Inc. F1~.*i~:~ Corporation, to me
~ - a--
known to be the persons described in and who executed the foregoing instrument, and severally acknowledged the exe-
~ cutior~ thereof to be their free act and deed as such officers for the ~ses and pursoses therein mentioned; and that they
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a*fixed thereto the official seal of said corporation, and the said instrument is the act and deed of said corporation.
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`:~JITNESS my hand and official seal at Fort Pierce ~ said c nty and te.
~ ~?,ic inst rum~~nt. ~~rc~~a rc~c? by • ~ ~
',,hn . . Col1 ins r, ~ , ~ - `~~L~
~ ~ •
~ i rst ~~~~~r~ 1 Sav inc~~ ~nr l.o~n , ~lota~ ~ub~c, in a for Sta e and County aforesaid.
`~5ociati~n of Hort Pi~rcc~, f~loriciA''•"i' ~y~~~"mm~~~ohEx ires: C/9~~!
~ ~ . '
~ ~ ~ ~cL'iUfA 19
. _ .'l..:_.. < . - Fi.,.a r. ~
~ e~erai ~avin1 & Loan As~n.
che~ked Bv of Fort Pierce. Fiorida
E~~xF., ~
~ ~07 ~~~E1556
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