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HomeMy WebLinkAbout0083 J. To p~ace and contin~ously ltep on the 6~i'd~ngs now o~ hereaiter s~tuate on sa~d ~and ar.d on aL' cq.,~p~nero and persona:ly covered by this morrg- age, with all piemiumS ti:ereon pa d in 1u11, f~re insvrance ~n ~he uwai stan~aed policy form, in a aum appro~ad by the MOR~I+AGEE, and winds~orm ~nsurante in ~he usual a~anda~d po:,ty Fo+m, in a sum app~o~rd by iha MORTGAGEE, in such co~npany or to:+~ran:es as tha MORTGAGEE may duect; and all (ire md w~ndsrorm insvronce po!~c~es on any o( sa~d bu~~d~ngs, any interest therein or part thereof, in the aggre9are s~m aforesa~d or in excess thereoF, ihalt :ont,~n the usual srandard mo~igagre uause or iuch oths~ dause as ~he Mo~tgayee may reyu:re, mak%ng ti~a ioss under sa~d poli- oes, each and evrry, payab!~ to sa~d MJRfGAGEf as ~ts intcr~st ~nay appaar, and each and eve~y sucA po'~cy sh.~il br promptly ass gnrd a~~d deliv,:r~~d to any held by sa~d h10RiGAGEE as furthr~ s:curity to sa~J mo:tgage debt, m~d: not less Ihan ten (10) days in ad+ance of the exp~~o?~on oi each poGcy, to d.:- t~ver to said MORTGAGEE a renew•al ~hereof, toge~he~ wi~A a rece~pt for IFx premium ol suth ~enewal; and thc~e shall be ne {~re or ~vindsro~m insurance placed on any of sa~d bvi~dings. any interest there~n or part thereof, unlcst in the fonn and w~th the ~oss payable as aforesa~d; and in tfie event any sum of money beco~nes payabie undrr wch poGcy o~ pol~cies said MCRiGAGEE ihall have ihe opt~on to rece~ve ~nd apFly tha same o~ accoum ot the indrbt~d- ness secured hr~eby or to perm~t sa~d MORTGAGORS to receive and use it w any part rhereul to. o:~~~r p~~;.os~s, ~•.:~~~::~t ih_•..:: ,.c~.~~~ o~ ~~+~p~~~• ;ng any equ~ty, I:en or r:yh~ und.rr or by virtue o1 this mo:rgaye; and in the event sa~d MORTGAGORS sha!I for any rcasun fail to krep the said p~em~s~s so ;nsurrd, or fail to delrver pro~nptly any of said poi~ties of insutance to sa~d MORTGAGEE, or fail promptly to pay fuity any pre~~,~om ~hcreto~ or in a~y ~rspect fail to pe~Form, d~scharge, axecutr, effect, compfete, co:nply wi~h and a'~ide by thls covenant, or arty E.art hareof, said M~RiGAGEE may place a~~o pay for suth insurance or a~~y part thereof without waiving w afiecting any option, lien, equ~ty, or ?fght ~nde~ or by v~rtue of this Mo~tgage, and the 4;~i1 amo~ro of each and e.ery suth paymrnt ahall be ~mmcdiately due and payable and shall bear interest 1rom the date thercof untJ po~d at the rate ol n~ne per cemum per annum and ro;~rthcr with such in~e~csr shall he secured by the lien o( this mortgage. 4. To permit, commit or suffer no w~ste, empairment or deteriorat~on of said prope~ty o~ any part thereof. 5. io pay all a~xl s~ngula~ the costs, charges and e.penses, ~nuuding a reasonable attorney's fee and cosfs of a6stracts of title, incwred or paid at any time by sa~d MORTGAG:E, because or in the evrns of thr fa~lure on the part of the said MORTGAGOR to d~1y, pror~~ptly a~d fu11y Ferform, d~scha.ge. execute, rfied, CMnP~Gt2, comp!y wrth and ab:de by each and every the stip~Iat~ons, agreements, cond~tions, and covenants of said prom~ssory note and ~his -,orrgage any or e~rher, and sa:d costs, charyes and expenses, each artd every, shall be immediately due and payable; whzther or not ~here be ~o~~ce da n,and, attempt to co'lect or suit per.ding; and the full amount of each and every wch paymem shaf! bea~ inferest from ~he date thereof until paid at ~he of nine per crn:um p~: annu:n; on~ a1! sa~d cosrs, cherg~s ai~d ex~,enses ~ncurred a pa~d. together ~v~th suth ~nterest, shall be sccured by the lien of th~i rt5orfgagl. b. That (a) in the event of any breach of this Morraage or deEault on tiw part of the AlORTGAGOR, or ~b) in the event any of sa'd s~ms of ~oney fierein referred to be not promp!ly and fulty paid wirn;r. th:rty (3C1 days next airer the same severatly become due and payaUle, w~thout demand or notice, or t~) in thr eveM each and evr:y the st~pu~a~~ons, agreements, condmons and covenan~s of sa.d promiswry note and th~s mortgage any or enher are not ~~'y, prompdy and i~lly periormed, d,scnarg~d, exewred, eifrcted, canplered, compfEed w~th and ab~ded 5y, then i~ e~~her or any such event the sa.d ag~ ~-e~ate sum mentio~~ed in sa.d promissory note then re~~~afning unpa~d, .vith intere;t accrued, and atl moneys secured hereby, shall become due and pay- ab~e lonhwith, w thereafre~, at the op!~on ol said n10R1GAGEE, as fuliy and comp:etety as if ali of the sa~d wms of money were onginaily sKpulated ro be pa~d on such day, anyth~r.g in sa d pro~n~ssory note w in fhis Mortgage to the contrary notwitFstanduig; and thereupon or fhereattet a~ the oD~~o~ of s~.d M.ORTGAGEE, w~th~ut no~:ce or demand, s~if at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured he~eby r,d matured pr~w to ~ts insntunon. 7. That in the eve~t that at rhe beg:nn~ng of or at any time pending any su~t upcn this Mortgage, w to foreclose it, or to reform it, or to enforce F~.mer.t of any dauns he~eund•_r, aaid MORTGAGEE sha:( apply to the Court hav~ng ~urisd~ction thc~eoi for the appointment of a Receiver, such Cou~~ shall r..~!hwith appoiM a receiver of said mortgagc~d property al! and sinq~:ar, indud,ng ai~ and singular fhe intonu, prof~ts, issues artd revenues from whatever s~~rx derivitl, each and e.ery of wh:cP~, it tx~ng expresity understood, is hereby mor~gaged as if sp¢ufitalty set forth and described in the gronting and h.~:;e~x-!um clauses hereoi, and s~~ch Rece~ver shalt have all the broad and effect~ve funct,ons and powers in anyw~se e~trusted by a Court to a Receiver, and s_:h appointment shai~ be made by such Court as an ad,n~tted equity and a matte~ of abso~ute r~ght ro said h10RTGAGEE, an~ w~thcuf reference to the ad~~avecy or inadeq~acy of tt;e val~e of the property mo~tgaged or to the so.vency or ~nso~vency of saEd MORTGAGOR or the de`endants, and ~hat wch r_-,+s, profit:, income, issues and rever.~es ahaii be appGed by such Receirer accord~ng 1o the ~ en or equ~ry of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fuily pe~form, discnarge, execute, effect, complete, co~nply v:ith and abide by each and every the st~pulations, agreements, ,cr-,d~sions and covenams ir. sa~d promissory note an~ th;s mortgaqe set forth. 9. Tha~ in the event the ownership of the mortgaged prer.,~ses, or any p~~t tnercof, Eecomes vested in a perwn other than thr MORTGAGQR, the ti'~RTGAGEE, its wccessors and ass~gns, may, without notrce to the MOR7GAOR, dca{ .vnh such successor or successor i~ mterest w~th reference to th~s o•tgage and the drbt hereby set~red in the same manr.cr as .ti~th htortgagor vv~ifio~t in any way vit~ating or d~scharging the htortgagori liabi~ity here- ~r,dzr or upon the debt h_reby secvred. No sa!e of ihe pcem.ises hareby mortgaged snd no fo:bearante on the part of the IdORTGAGEE~or its s~ccessors ~r ass~gns and no exrens~on of ~he time (or the payment oE the deb~ hereby sec.,red g~ven by the 1dORiGAGEE or its successors or ass:gns, a~~att operate ro re!ease, d~scharge, mod;fy char.ge or affect the or~g;nal l~ab.::ty of the M.ORTGAGOR here~n, eith<r;n who:e or i~ pa.t. 10. It is spec;ficatly agrzed tha~ time is of ~he esser.ce uf this contract and ~hat ~o waiver of any ob•.igat~on hereunder or oi the obligation sr c~red hereby ahali at an~ tirne rhzrra'ter be he!d to be a wa~,rer of the terms hereef or of the instrumen! secured herby. 11. In add.tfo~ to thc iorego.ng monthfy payments of pcinc cal and ~~~teres• req~ired by the prom:ssory note secured hereb~/, mortgagor covenants ' ~ d agrees to pay to A1G"t~3g?e wnh each n,cnrh•y pay~.:ent an ad;s,~+onat sum ~~sr~~cared by mong3gee to be eq~a~ to 1. 12 of the annual cost of the follow- , A-Afl real prepe.ty taxes lev~e~ or assesc~~d agai•~v the above described rr31 estare. ! B-Frern~ums on fire and windsro~m ~nsurarce as here~n reG~~red to be ca.r~ed on the im;;rovements s~tvate on the above described premises. i C-Pre~r,iu:^s on svch mortgaae guaranty ir.su:ance as mortgagee sha:l from t me to tim: deem fit to carry on the loan secured hereby. I ~ ~ Mortgagee shail from rime to time notify nwrtyagor i~ w~it~ng o~ the amount due and payable hereu~der and such sum sbbll tfiereupon lw~due and i .ab!e on th~ due da!e oi the next monthly oayment and each successive month thereafter u~til mortgagee shall nohfy mo~~qagp~ of a ch8r~e.in'-such ~ !_~ont. S~ch surns sha:i be appi~~d by mortgag^e to-r,ard !he payment of real property taxes, insura~ce prem:ums, a~~d mon*age guaranty if~s~k:~ce ,l -ernwms. IN V1lTNESS .VHEREQF, the said MORTGAGOR has hereumo set his hard and sea~ the day and year tirst aforesaid: . ~ Signed, Sealed and deiive~ed in the presence of: SUNSHINE B~~' ~~C • F1~E~ ~~o akcqaoE _ }T. LUC~E ~OUN1r f~ : - ~n ~ ROGi:~ ( GiTll~; j BY: " ' ~~sq CI~~K C:~ ~ ~'T COURT ~ rne e ani~ s' - RFCRF;? 7f~ ~'IEO~...~.~. ~ i5eap , • A ~ (Seal) - - ~ Y ~ ~ qf1 ~ N. ~.Tohn R . Long, V ~ _ t 241552 STATE OF FLORIDA COUNTY OF ST. LUCIE ~ I HEREBY CERTIFY, That on this ~~~day of-____.___ (~LL____ , A.D. 19~, ~ before me personally appeared Eznest Ger~ni and JOhri R. LOtlg Y respectively President and _ _ ~~x,~ ViCe Pzesident , of ~ . ~ Sunshine I~bbile Hoae Park, Inc. a___ Florida________ Corporation, to me ~ known to be the persons described in and v,ho executed the foregoing instrument, and severaliy acknowledged the exe- `.t cution thereof to be their free act and deed as such officers for the uses and pursoses iherein mentioned; and that they affixed thereto the official seal of said corporati~n, and the said instrument is the act and deed of said corporation. y ` `:'VITNESS my hand and official seal at Fort Pierce _ , said county and te. ~ ti ?his inst ruaent prepa red by ~ ~ ~ ~ ~ ~ ~ . ~ Wa. E. Braun Fitst Federal Savings and Lo2n tary lic, in and for State an ounty resaid~ ' _ ~ y Co mission Expires: , - A ssodatibn of Fort Pierce, Flozida NOTARY PU8_IC, STA/E of ~LbR19A st_LARGE ~E MY C041MISSION EXQ~RES'bEC. 29, 1915~ ~;s tlonde0 Thru G:nm~l In~r~r~e~ UM~rw~hefLt ~ . . . ~ ' Checked By ~w p ~ 600K ~OO PACE ~i ~ ~S . ~ ~ _ - ~ yrr , ~ „~~s~e ~ ~ r.._~ _ 7 . .