HomeMy WebLinkAbout1725 3. Io piace and co~tinvoe.s~y krep on tiie L::~':1~r~gs no.v o~ hr~eaiter ~.t~a~e on sa~d ~and and on a'~ ~•q~~p:n~•nt a:.d Ferso~~ai~y co.e~cd by thls mortg-
age, wi~h ail prrm:ums ~h~reon d~n fuU, f~re i::s~ror.c~ ~n thr ~s.+ai ae,,:+~~rd po'~cy fonn, in a ium a~.peoved by the MOR~:~:.uEE, anJ w~nds~o~m
~nsurance in tha uwal sra„dard po:.cy form, in a s~~n o~pro.ad by rhr A10R1GAGEE, in such co~r.pa~~y or con~:an,es as ~he MORTGAGEE may
dfrecr, and all firo ar.d v`~nJs~o~m ~ns~rance pol~c~es on any of sa~d b~~:d~ngs, any ~nte~cet therzin or ~.a~~ ihrrrol, in the a~gr~g,re sum aioresa~d a
in excess thrreol, ifiall cont;;n ihe vsval sia~~da~d mort9egze c;ause or such o~her t:a~se as the Mortyagae inay req~.re, rt~~king thr +css unilar s.~.d poli-
c+es, each and every, pay.,bie to soid .`SJkTGAvEE as :ts ~n~er~•st m.~y appear, and eacA ard every SJCFI NJ..i/ sl:alt br p~o~~.N~iy ass gr~cd a~:d de~~~~r.~d ~o
eny held by sa~d 6'.ORlGAG~E as funher s_•cunty ~o s.,~d ~t:on~~~e d~•bt, ar.d, oot Icss ihan ten (10) days ~n ad.,nce oi ~h~ exp~•ot~on of eocn poircy, to de-
Gver 1o sald MORiGAGfE a renew~l rh~rrof, togeeher wirh a rece~p~ for thr prrmium ol suth renrw.+'; and ~hrre sh,il be no i,n or w~n~atc•m i~,iurance
p~ated o~ any oi sa~d bu:'d~ngs, any interest ~here~n w pa~t thercof, un!<sa in the ionr~ and wuh ~he loss F~ay,,b!e as afaresaid; and in the event any s~m
of money becomes payabie ~~~der such pollcy o~ pofu_s sa~d MJRLGAGEE af~ait have d~e opt.on ro ~rc~ivr „nd apE•!y ttir sm~~e on accu~nt oi th~ ~nticht~d-
ness setu~ed hereby Or to pc~mit sa~d MORTGAGORS to retrive and use il q a~~y pa~t thr:.wf lor O~n• r~:ur; ~srs. ..:tn_..t th,•~ ;,r ..;p,.~..
ing any equ~ty, lien p~ right under or by vutve of this mcrtgjge; and in the event sa d h~URTGAGORS sha!1 for any reason fail to kcep the aa~d premis_i so
~nsured, or fsii to de!iver p~ompely any of said po}~ci?s of insu~an~e to sa:d MORIGAGEE, or fad promptly to pay fu:ly any pr~-~~i,~m ther~lor or in any
respect fail ro perform, d scharge, execurr, effec+, con,p;ete, comply wi~h and abide by this cevrnanl, or any p,in herrof, yaid MURTGaG~E may piac~~ a~d
pay tor suth insur.~nce or any part thereof w~thout waiving or aifec~ing any option, lien, equ~ry, or n~M ur.dar or by wnue of fh~s Mongagr, and the
luli amo~ot of each and eve.y such paym~~nt shail be ;mmecl•ar~Iy due and payaLle and shall brar int~rest from the date ~her~of until p„id at the ratt ot
~~~ne per centum per annu~n ~nd tu~.~h,•r v~~fh s~~ch inrer;:s~ shal~ be securrd by Ihe Gen of lhis mortgage.
d. To permit, commit w suffer no waste, i~npairment w detanoratio~ of safd property w any part therc+of.
S. To pay aIl and singu(ar ~he costs, charges and eaµenses, indud~ng a ~easonable attomey's fee a»d cos+s of abs~racts of t~tte, inc~rred or pa~d at
,ny fime by sa~d 610RTGAG:E, because or in the event of ~he ia~;ure on th~ part oi tFm said h10RTGAGOR to du:~, pron~ptiy and f~lly pe~form, d~schar9e•
e>~•cute, efFeu, complere, comply wnh and ab dz by each and every thc st~pu~at:ons, agreen~enis, condn~ons, and cove~~anfs of sa~d pr~mi;sory ~ote and th~•
::,o~?gage any or e~~her, and sa:d coses, charges and expenses, each and every, aha~l be immrdiately due and payab;e; whettier or not the:e be not~:e da
mand, attempt to co:lect or suit pend,ng; ,nd ihe fuil a~nount oF each a:~d every such paymem shaN bear ;n+~res~ from ~he date thereof un~il paid at ~he
r~!e oi n;ne per crntum prr annu:i~; a~tid ai1 s~~d cozrs, ct~arges and ekprnses ~rxurred or paid, toyetAer ~v~th such ir.terast, shall be securatl by the I~tn of thi~
mortgage.
6. That (a) in tht event of any b~rach of ~his Mortgage or default on the part of the MORTGAGOR, or ~b) in the eveM any of sa;d sums of money
herrin roferred to be rtot prompt{y and fu~ly paid wi~t~in th~rry (301 days next air•~r rhe same seve~a:fy beco~ne due and paysb!e, wi~ho~t demand or nonce,
or (c) in tF~r event each and every ihe shp~:ahons, ag~rements, caid~hons and co~enanrs ot sa.d pronussory nore and ~h.s mortgage any or e+ther a~e no1
~~ly, pranptly ard fully perfo:med, d,scharged, executed, e4f«ted, canpleted, compi~ed w~th and ab~ded Sy, then in e~ther or any wth event the sa~d ag~
3~egate sum menteo~ied ~n said pro~nissory ncte thrn remain~ng unpa~d, with inte~e;i accrued, and ail mone~•s sec~red hereby, shaf~ become d~e and pay-
eb;e forthwith, o~ thereafter, at thc opt~on of said MORTGAGEE, as fulty and complete~y as if all of the sa~d wms of money wcre or~ginatty st~pu;ated
re be pa~d on wch dcy, anything in sa;d prom~ssory note or in eh~s Mortgage to the co~tirary not.v~thstand.ng; and th~reupon or thrreafte~ at rhe op~~on of
s~:d MORTGAGEE, w~rheut noncr or demar~d, su~t at ~aw or in equity, therzfore w therraftrr begun, may be prosecuted as if all monzys setured hereby
n,d matured pnw to ~ts instituteon. -
7. That in the evrnt that a+ fhe begi•~n~ng o~ or at any t~me pending any wit upon rhis Mo.tgage, or to fo~ectase e?, or ta relorm it, or to enforce
~ayment of any cl~ims hereund~r, sd~d MORTGAGEE sha~! app~y to the Ccu~t having ~ur~sd.ction ther~-of for the appo~M~nent of a Receiver, svch Court shal!
fo~thwith dppoint a receiver of said mortgaycd property a~~ and sin9ular, inciudng all and s~ng~iar lht income, protds, issues and revCnues from whaterer
sc~rce dr~ived, each and every of wh:ih, it be;ng expressly i+nderssuod, is hereby morTgayed as ~f spec~fitalty set forth and desu~bed in the granting and
Faoendum dauses hereof, and such Receiver shali have aU the b~ood and eifechve fur.ct.ons and po.vers in a~yw~se entrusted by a Cou.t to a Recei~er, and
s, ch appointment shalt be made 6y such Co~rt as an ad^utt~•d eq~~ty and a mairer of absolure right to said MORTGAGEE, and w~thout ieference ro the
acieyvaty o. inadequacy of the value o( the prope~ty morlgag_d or to the so.vency o+ ~nsolvency ol sa:d MORTGAGOR or the det~redants, and th;t s~ih
~•~~*s, n~ofi~s, ~ncome, issues and revenues shal~ be apaGed by such Reca~ver ac.ord~ng to the lirn w equity ot said MORTGAGEE and ihe practice of s~ch
Court. ,
8. To du!y, promptly a~d fully p~r(o~m, d~scharge, execute, effect, compiete, comply with a~d abide by each and every the slipulations, agreements,
;cnditions and tovenams in sa~d pro:n~ssory note and th~s mortgage set forth.
9. That in the event the ownership of the mortgagcK! prrmises, or any part thereof, hecomes vested in a person orher than the MORTGAGOR, the
'.:~RTGAGEf, irs successors and ass~gns, may, wi~hout no~~ce to the MORTGAOR, deal wiih such successor w s~ccessw m~nterest w~~h reference to this
ortgage and the debt hereby sewred in the same ma~ner as w+th ldortgagor w~thout in any way vitlating or d~scharg~ng the ~Aartgagors' liabil{ty here-
~_^der w upon the debt h,;reUy secured. fVo sale of ti~e prem;ses h~reby mortgaged ar.d no forbea~ance on fhe pan of the )AORTGAGLE or its successon
cr ass~qns and no earens~on of the time for the payment of the de6~ herehy secured g~ven by the MORIGAGfE or ~ts successors or au~gns, ana!i oaerate
ro reiease, d~scharge, mod~fy changz or af}ect the orig~nal lia6;~~ty of the N.ORiGAGOR herein, either in whole or in par~.
10_ It is soec~ficatiy agreed that tome is of tne es:e~ce of this contract and that no waiver of any ob:;qat~on hereunder or of fhe obligation se-
cured hereby aha~t at any tin:e thereafter be he:d ro be a wa~ver of the terms hereof or of the insrrurnem sewred he~by.
11. In aad r:o~ ro tt=e ioregC ng mort!h`y paym•~nts of princ pat and inlrrc<r requ~red by the prom':sscry nae secured heraby, mo~tgagor covenants
a•~d agrees to pay to mort~agee v~ith eacn mo„r~'y p;ji~,,ent an add~:~o~~a! sum es'~:~:ated by morryagee to be ey~ai to i ~2 of ti:e ~~~nual cosr of the foilow-
A-All real property taaas te~:~ed or ais~ssed ag.~i•~st th•_ above desc~ib_ d reat estate.
B Fr,~~.iu•:~s on f~re and windstorm irsw.~rsc as here~e: roq•;;red to be czrrie~ cn the ~mrrovemeots s;tuate on 5ha abovc dezuibed premises.
C-Prem;urns on such morr~>gE gvar~,~;ty ~r.;urar:ce as m~:t~ayee sha{i .'ro~r. fine to t~~ne deem fit to carry on the loan secured 'nerebY."•~.
Mortgagee sh,N from ti-nr ro t~Te no!ify mortgager ;n wrlt~ng of the amo~nt d~e and payabfe hereundrr and wch surn shail th~.rPbpiiy~~ rf;ig and
::+yable on the due date of thz next month:y pay~n~nt and eath successive mo•:th thQ;eaft:r ~ctil mortgagee sha!! notify mertgagor~aN d'~he~e.«in ivch
~unt. $uch su:ns sFalf be aH~~l,ed 6y mortgacer roward fhe payment of reat property ta:es, insurance prem:ums, artd morfga.~e vy~igw~arite
c_ ~emiumS.
I WITNESS WH:REOf, the zaid MORTGAG has hereunto set his hand and seal the day and year first a{aesaid. : Y' ^
oed. Seal a ed ~n the pr ce ~l~t aCCJR0E0 (ATA ~I~S Y'r,t I =
ST. LU::~c •)UNTT FL~I. ~ ' ' . : ; : .
` - ' F.G:.'.: ~ itrqAS ~ ~
' _ , , "~E3~. ;,ut~ COURT ~ By• Y • ines~,. r s~~
_ f`:Hi i[:~C~CI ~~M~~~~~~~•
~ ~~la~)
Attest: ~ ~ ~ . , •L.!S s .
- -
Y Zy ~ 18 ~N''Z Patricia A. Sines, ~e~cretazy-~~
~ - Tzeasuxez
242'765
~TATE OF FLORtDA COUNTY OF ST. LUGE
1 HEREBY CERTIFY, That on th~s 24 day of--_-Novesber _ , A.D. 19-~~r
t.~efore me personally appeared Wa~ne U._ Sines, Jr. and Patricia _A. Sir1~5 ~
~espective~y President and Secretary - ?reasurer _ of
.
Wayne Construction Company Florida
_ a_- Corporation, to me
k r,own to be the persons descr~bed in and who executed the foregoing instrument, and severally acknowledged the exe-
r.:'ion thereof to be their free act a^d deed as such officers for the uses and pursoses therein mentioned; and that they
a'tixed thereto the official seal of said corporation, and the said instrum~nt is the act and deed of said corporation.
`.VITNE~S my hand and official seal at Fort Pierce . F.lorida , said counsy and state.
This instru0ent pzepared by Gary F. Ellwood r~!'"••~ ~
F irst Federal Sav~n~ys and Loan ASSOCiation Notary Public, in a,,,~.~for St e n3.C"ount aforesaid.
Fozt Pierce, Floiid~ M Commission Ex~~es: ~ ~
Y ~~r:~~?' °'*A?~Cf fLi~p~L,t, !~t".-
Q: Y~ [e' . ~ 1.~ ccS $FFT. ~1.
' r • ~9u~.::iJ~j b~ j,- Ir.si:~ ;te
~ ~ . _ . .
Checked By ~ J ~ ' , -
. y+,.. . ~ ~i
- ~~Gr~`l f'~T.~~M~~
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?t.~~,~ ~ ~ N`
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