HomeMy WebLinkAbout1558 3. To u~• ~nd cw~~lnuous~y :~,p on ine b~..~ .~,~~9s nox o~ hrreaher e~tuate on s.,:d ~and and on a' ~ ~~~~.:nent and personally covered by this mor
agc~, w.ih a~! u~c:~::.,'~~S t'r~~i~ on d~n 1„J, t,r.. ~cs.,rar:c~• :n tl~a usu~l ste~~d~rJ po ~cy (or:n, in a s.,~r. o,.::•:ired b~ d~_ htVN~v:.GiE, a~'~d vv~:~dsto
~~su~ance> in tht~ ~s.a{ st~,:J.,~J Fo:r/ for;:l. in a su~:~ a;,r~.ed by the h1~RTGAGEE. in such co~opany or ca,~pan~es as ihe :',O~iGAGfE m
d~rect; and aii f~+r a~.d w nd~iurm ~~~s~•ence po;~c~es on any oi sa~d buiid:ngs, any inrerest thare~n or Ha~t th~~rrof, in the agg~~ ~a'e su~n atoresa~d
;n eacess 1h:veof, s'~~II :ont.,~n ~he ua~~::~ s~a~~ii~r,l ~no:~~~gee uause or wch oit~e~ Niuie as Ihe hlurtg;~gee miy requ.re, moAing the ~css unde~ s.~d po
^as, each and r~e~y, pa~.:b'e to s.~!d JkTGAGEE as ~ts ~~:t~r:sr may appear, and each and e~cry s:ch po •c+ sf~a;i Ur (:fOn'~Jtly ass g~:rii o:.J do.~.~~~ed
an~ haid by sa:d ;:.J~'~.4GiE as iunh, r s_~:unt; !o s3~d ortga3e drnt. and, not !ess ~han te~~ ~10; da;s d•.~~ ce of rh_• eA~:~~~+ on of each po~~c~, to d~
Lver to s~~d !AORTG :GEE ~ ren~r~al tl:,:r<-of, togeihar wieh a receii~t for th~ prern~um of svch renetia'; :d ti~.~re sh~!i be ~~e f~ra or ,,,i•~Jsic•~n ~nsuranc
p'.~crd on any of sa d bvi'd~ngs, ony intcrest thrrem er part thereof, ~ntrss in the ~on1~ and w~i!h the ~css {~ay~b!e as a'.c•~esa~d; a~~d in fiie e~cnt any sun
of mon?y beca~,cs pay.,b:r under s~ch Hol~cy or po!,c~es s.~~J MORIGAG~E shail have the opi,on ro rec•_~~e .,pF y t~i, sa~ne on ac.ount oi ~hr inda~<<•d
r_ss scc~red har~~by or to per:n;t sa:U iAURTGAGOkS to rec~-ive and use it or ani p::~~ +h~ ~ uf r:.r .r _s, s. ...r; t:~, c,
r.~ any equ•ty, I'en or rir~l:t under o~ 'uy v~rtue of th~s n:o~tgagc; and in the evenl sa d~11pRitiAGORS`sh~i!: `.or any reason fail io the sa~d pie~n~s~s so
nsur~d. or 1a~i to d_'~~ci prp~nptly any of sald po6ci_~s Of iniuranCe t0 Said A~ORTGAGEE, cr i;,~ ,:on:,~!:y to F ay iu„y any p'e•~~,. n th_r~•fe~ or in any
respeci r~~l to pe~fo~rn, d•s:F~:.rge, exr:cte, ef4ect, ca„p'etr, co~npiy wi~h and ab~de by th~s cov~•~~~~r, o~ a.~y p.~~t ha~ec+f, s.+~d Me~Ri:,:~GEE may p~ace a• o
F.~~ ror s:~ch insur.,r,~e or any part fhareof wnhout wa~wng or affect:ng any opnon, lien, equ~~y, or r~aM u~~J<r or by v~rtue of th~s ldatgage, and thc
'v~l a~novnt of ccch and e~ei/ s~~ch paym~~nt shaft br ~n.mediately due and payatle and sha~l b~•ar interc•st }rom tha dcte Iharcof untfl p.,id at the rate et
?~ne peI C~~nt~rn F.~r ;;i d~~:.~ t~~:3~:th_~r v.~!h SvCh ini;"~~St 5hau b? sccurcd hy the Gen of th~s mOft9a9e. ~
4. To permit, con:n~it or sutier no waste, impairn:ent or deterioration of said property ot any part thcreof.
5. To pay a:f d~~d i~~y~'ar ~hr ccst:, charges and eKpen:es, ~ndud~ng a reasonable airome~•'s fee and cosrs of abs+racts o~ t~Ne, incurred o~ pa~d at
+•~y +~~.e by s~~d A'•GR~vAG`_E, because er in the event of th~ fa~lure on tne Dart of the saEd MORiGAGOR~to duty,. pro~~pt{y and fu~iy pertorm, d~schar9e
c~te, efFeU, ce~np:~ee, cc r~,!y wnh and at, dr by each ar.d every the stipv~anons, agree~nents, tor.d~t~ons, and cove~,ants of sa~d pro:ni;sory note ond th;s
,•orryage any or enher, a:~d s~ d cos!s, charges and exHenses, each and every, shall be imm~diatety due and payab:a; ~nheTh<r or not there be nof~ce d-
~,•.,~~d, atte~np~ to co,.ect or s~,u ~,a~:d.~~g; ~nd ~he•~vi~~yv~nt oi each and e~ery svch pa~mem shall bea~ int~•rest 1.om the daie thereot umil paid at the
• o~ n~ne per .:~c: .,u sm:l cos+s, u~a:y~~s a:+d ~x::a~~s~s ~~x~rred or pa~d, toyethrr w~th wch interrst, shall be sewred by the iien of th~s
n,orrgage.
6_ That (a) in the e.e~~t of ,~~~y br~rch of thii 111ortgagt or default on 1h4 part o4 the h'.ORTGAvOR, o~ ;b) in the event any of sa'd wms of money
I; rain referred to be ~,uf ~ rc~:~F~r~y and fu;ly paid witt~~n thnty 430; days ncxs after thc same se.era'iy 6ecome due and payab~e, w~tho~t demand or not~ce,
c. ,c) in thr evenr each and ev~r~ me sT~No.anons, a9rrtments, cond~no-~s and covenan~s ot sj d prom~sscry nota and ih,s InOrt93g2 any or either are not
!,,ly, pro~npdy and f~~ty Fertorn _d, d scha~g_d. ex~•currd, eifecred. comp{eted, comp~~ed w~chJ and ab~d~~d 5y, then m enher or any such event the said ag
~~..~~te sum rnent~oned ~n s~~d {;:o n.ss;:ry ncte then re~nainmg unpa~d, wrth intc~est dCU:I@U. O~~fj a~~ mon~•~s scc~red hereby, shall becume due and pay-
torth.vith, o~ th^rcafr~r, at the cn•,on e• s~+~d ti~O~TGaGEE, as fuity and compfete:p as if a'l of t!~_ sa d sums of money we~e o~~g~naJy shpu:ated
t~.~ p.~.d on such d:./, ar.yth,~ng m s~d cro~,,.ssory note or ~n th;s 1'+5orfgage io ~he conrrarr ~,o~.v~ihsT~~~d~.~y; ond ih~•reupon or thereafter at rhe o~:~~on of
.:i A"ORTGAGEE, v.~rhout nonce o~ dc~r.a:~d, s~rt at law or in equity, therefore or thereafter begvn, may be prosecu~ed as if all moneys secured hereby
r. j rnaturcd pr~or to ~is inititut~on.
7, Th;r ;n the e.enr thar at ine beyinn:ng of or at any time pending any su t upon ~h~s Mortgage, or ro foredose it, or to reform it, o~ to enforce
:.~rnent of any c':~~r.s he~eund~•r, seid :'~~J~T~iaGEE shail app!y to the Court having +u-~sd,ctlon the«ot fer the appo~ntment of a Recriver, such Co~rt sha~{
i_-rh.•nth appc~nt a~ece~re~ oF ss~d ~r,ortyagrd propcrty all and si~guiar, indud ng a~~ and sing~iar tt:r i~corne, profits, iswes ar.d ~evenues irom wh,tever
s,~ce drrived, eech end every of ,eh ch, ~t bcn;g express~y understood, is ~eretri rtwregeged -es if spec~f~ca!:y set forth and deseribed in the g~en;in~ and
~ndvm c~a~ses her.of, and s~.ch Rece~:er shaii have all the b:oad and effecn~e fv~~u.o~~s and po:.ers in anyv.~~se emrusted by a Court to a Rec~iver, a~~d •
s_. appcintmcnt sh,it be n,rdr by such Cou~t as an ad~~iitted equity and a matter of abso~ute r.ght to sa~d k10RTGAGEE, a~~d without reference to the
~_vcy ar inad~~qua:y o! the vale;e of the p~operty mo~tgaged or to ~he so,vency or ~n:eivcncy of sa~d t1lORiGAGOR o~ the defendants, and ~hat such
~ ~s profdts, inco.ne, iswrs and re~er.~es sha~i be app~ied by such Reteiver accord:ng to the Iieri or equur of said 1110RTGAGEE and the prauice of s~ch
Ca.:rt.
B. To du'.y, prompt;y and (ul~y perforn:, d~scharge, exec~te, effect, compfete, comNly w~~h and ab~de by each and every the stipuiations, agreements,
.:d~LUns and covenants ~n sa~d promissory ncte and th:s mottgage set forth.
9. Th~t ~n the event the o~n~ce~shlp of th> mortgaged prem~ses, or any part thereof, becomes vested in a perso~ o!fier than the MORiGAGOR, the
:^-RTGAGEE, its succeswrs and as~~gr.s, may, ~vi+hour nc?~ce to the MORTGAOR, deal w~th such wccessor o~ successor ]n imerest w~ah reference to this
c•~gagt ar.d the d.ut her~•by <_ecured ~n the sarnc m3nner as w~th f.~,~~!gagor w~thout in any way v~r:ating or d~sc!~a~oing the IJlcrtg,gors' liab~lity here-
._i~•r or uFon th~ d~•tr h_~r~6~ s,..~red. No sae of the Fr~~n:s•~s hereby mortgaged and no fatearance on the part of rhe L;ORIGAGEE or its successcrs
~ ess!9~~s and no extcr.sion o4 the !c,~.: fcr the paymem of_the dr6t he~eby secured given by the PhORTGAGEE or its wccessors or ass,gns, a~~ail operate
e re!ease, d„charge, mod~fy c~~a-~ge or affect the orig~nal I~.,o,iny of ~he MORiGAGOR I;ereln, either in v~,hole or in part.
10. I! is spec,fica~ly :~a~e~•d fha~ r~me is of the esse~~ce of th~s contrac~ and that no waiver of any ob~:gat;on hereunder or of the obfigation se-
,~~ed hereby shat~ at an~ tr, e rh~reai~er 6= he:d to be a wa~.er of the terms hereof or of the ~~~strument sewr~d herby.
! 1. In ;.id t.c., to t~•~:• tc•cg~_ ~~g mo^.th'y ; ayrT~~c-nts of p~inc pal and ~i~1CfE~5t raqu~red b~ ihe p~om~sicry r~o~~• s~~cured herab~, mort~agor covenanis
~ar~es ro ;:o, ro ~~.c:r},,•~c :ti;th eacn mo+rh'y ray~..ent an add,~ional sum est ~ ared b~ mortysgee te be eq~ai to 1 12 ot rhe onnual cost of the foliow-
A-A{I r~ai p.-cp~.ty tsx ~s Iev~~•a o. 3ss~~szcd ayai•~st the acove describcd reat es~~te. ' ~
E F._• s c,~ E re ard v ds`o ~rwra~'ce as here~n req, ied to be ca~ri•d e~~ th_~ :r+;_rov~~neits s;tvate en tl~: above d_sc[i pr@mises.
, C Prcn ~ s o:~ s~~n n:ort~ cr g~a*anty u z~ra+.ce as mortga^yee shail fro~r. t me to ti~rc dcem fit To carry on ihe loan sec ' f~ereby. ~
/.~.crt~,q~•~• s.,!'•c•n t~~•,e to r{ ~•e ~:or fr mcrtgagcr :n v,rit~ng o1 the a~-o~~~t d~e and payable hereundar and such w:n f thereupon be due and
i ,_:t~!e on rn~• c!;• c.. cr •.r ~~;c-~th'.f pa~n.~_•nt and each wccessive month thereaft:r ur.til mcrtgagee sha!I notlfy md/t9~gor o~ change in such
~~.,nt. Such s~ • 5 + ~~:1 me!tgay~ ~ to:.ard ti~e payment of real preperty taxe5, insuran[e pre~z,,vms, and.-mortgage gua~aniy ifKUrarxO
! , .,,~ums.
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' fN ~:1tT`1E~S :'~HER~OF, ti,P s~id ~V,ORTGAGO^w has hereunfo set h~s hand and seal the day year first a r .
f l Signed, Sealed a:~d ~v~red in Mhe Presence of: -1 .F? ~TH~VT I NC .
, ~ ~ - 1 f~~o ~ye~ .~EC~~t~eo Bv: es~n
~ S~ 4UC;c :;aUrt r FLA.
~ 1 ' ROCi ~ : ?~iRAS Sea?)
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L ~ CIERK C~~ i.Ui" ;,CUA~'T~ , ; . (Seap
$ " "P~~n' .E~ ,E:
~ - (Seaq
~I ~S !i AM i (
STATE OF FLORIDA COUNTY OF ST. LUCIE 2`~Q4~3
~
I HER,EBY CERTIFY, That on this r~.B ~ay of__ __-_~s1~~~S~~ A.D. 192~,
before me ersonafl a ?~senh Peoni Rl:~nchc~ ?eoni
P Y PPeared and -
~ respectively President and - _ SecretarY
, of
~ `•!~_rrlnvc~ithc~r Invc~stment Co., Inc. Flori~a _ Corporation, to me
~ - - , a- -
~ known to be the persons described ~n and who executed the foregoing instrument, and severally acknowledged the exe-
' ~:;tion thereof to be their free act and deed as such officers for the uses and pursoses therein mentioned; and that they
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~ affixed thereto the officiai seal of said corporation,-;dnd the said instrument is the act and deed of said corporation.
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WITNESS my hand and official sea! at Fort Pie~ce ' said county and ~tate.
~ ?'t~i~ in~r r„mc>nt -,r~->:~ rc•ci b}~ . ~ 1 _
~ - ~ , -C ~ - i
.'~~hn :v. Collins ~ . . . . ~t-
i'ir~t F~e~i~r~l S:~~~inn~ an~' Loa ~~'r,~~: * lVota~y Public, in a for State and~ounty afor~aid.
--~`~Iy Commission E ires: u /y 7S
'~,~5ociation ~f F~rt ni~rc<~, fi1~1'~iF',,,~ . ~ ~ ~
~ . . _ _ . . - O 1 J
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