HomeMy WebLinkAbout2286 3. To place and tonr'nuo:,sry ki~ep on the L~~'.u:i~~s nuw or hrrz,,ftrr ~rt~a~e on ssdd :and and en a'' ~-q_i;,~~irnt and p~nonatly co~e~ed by this mor~g-
sge, w~rh all prem~;,ms ~hrreon F:a,d in f~ll, 11rc ins~rar~ec ~n the uswl sean~ard poi+cy form, in a s~m a~.pro~ed by rhe h1JR~GAGFE, a+.d w;ndstorm
insurance in thr usval s+.,nd»d po:.cy for,n, in a sum a~.p~u.ed by the MORTGAGEE, in such compa~y or cu~»pan,cs aa the h10R1GAGEE may
direch and all fire a:,d wmdsto~m insu~ance po:k~rs on any of said bu~~d~Rgs, any interest therein or part thereof, i~ ~he aggr~~ga~e s~m aloresa~d or
in excess thrreof, shall cont.:in ~he usuat ita~:c!ard mo:!~syee dause or such o~he~ c~ause as the blortyayre may r~qu~rQ, a~a?~ng the ioss ~~~de~ so~d poli-
ues, each and every, payab~r ~o so~d AlORTGAi~EE os ~ts ime~~u may appear, a~~d each a~d every svch po~~c,r st,all be prompNy ass g~~~d a~~d da=~~e«d ~o
•ny hrld 6y sa~d MORiG.4GEE as iwther sew~ity to idid ~~~o:t~aye d~~b1, and, not (ess than ten (i0I dayi in ad:a~~ce of th~ eapaation of eeth po!ity, to de-
6ver to ~a;d h'40RiGAGEE a renrwal the~eof, togeihar wnh a rece~pt for the p~em~um oi such renr~a;; a:~d ihrre sha~t be no f;re or w~r.~s~e~m inw~ance
plated on any of sa~d bu~ld~ngs, any in~erest therr~n w part thereof, unless in the form and w~th the ~css pay.+ble aa afo~eiaid; and in the e~ent any sum
o( money beco~~~es paiabte un~lrr s~ch polity or Fwkcies said h!ORiGAGEE sh~ll have the oµt.cn to reta~or e~~d apF:y the s~~~~e on account of the indauted-
neas x=:;red hr~eoy w ro prrm;t sa~d MUkTGAGORS to receive and use it o~ any part ~h•_:~•oi t~r cc~,-_r ;.~~,-„s~s, eh~...., ~r ~~•+~„r-
ing any equrty, Ilen o~ r~ght unde~ w by virtua of ~his mortyage; a~d io tha evrn~ sa:d ,NO~:T(~AGORS shafl for any reas~n fa~! to k~,;p ~he ia~d prem,s_s so
iniured, or fail to d~~~ver promNt~y any Of said pOGues of insu~ance to Said MORTGAGEE, or fod premptly to pay fu~:y nny prc:~~:~rn Iher~lo~ or in any
rosprct fail to per(orm, d~scharge, execure, eifect, comp;ete, co:nply wi~h and ab~de by th~s covenant, o~ any p,r~ h:rrof, s.uci MURivAGEf may piate a:~a
pay for such insw~nce or any part thereof wnhou? waiving or afieding any ophon, lirn, equ~ty, or ~~gh~ und~r or b,r v~~TUe of th~s .Llortyaga, and ~t+e
Su~l amoum of each and ecery s~•ch payment shall 6e immediattly due and payahte and shall baar interest trom tha dote tncreof unnl pwd at the rate ot
mne pe~ ce~twn pe~ annu~~~ and to3eih~~~ wnh such interast shati be Secvred by the tien of thit mortgaye.
Q. To permit, cominit or ;uEter no was!e, impairment or dere~~orat;on o! sa~d p~operfy w any part thereof.
5. To pay a!1 and sing~lar the costs, charges and expe~~srs, ~nrludiny a reasonable anornep's fee and cosn of abstracrs of tiNe, i~curred or pa+d at
any ti~ne by sa~d MORt~,AG~E, beca~se o~ ~n the event ef the fa:lure on the pan of the sa~d MORIGPGOR to duty, promptly and fut~y perform, d~scharge.
axecute, ef(ect, tanp;e~e, cc~r,pty w~th and ab:de by each and every the sripu~arrons, agree+ncnts, condztions, and covEnants of sa~d promissory note and th~~
mortgage any or e~~her, and sa d cesrs, charges and exprnses, each and every, shaH be im:ned~ate~y due and payable; whrther or not thrre be not~ce d~
mand, attempt to toiiect or suit pend~ng; and the f~ll amourt of each and every wch payment shalt bea~ interest from r?~e da~e thereof u~~i! pa+d at !he
~ore o~ n;nr pe. crnr~~r. F.er a~~nu,i; zn~' a1~ sa~d cos~s, charges and exaerses ~nturred or pald, ~oge~her w~th such inrerzst, sh~tl b~ secured by ~he Gen of th~s
mortgage.
6. That (a) in thr event of any brrach of ~his Mortgage or defautt on tFw part of the M,ORTGAGOR, o~ (b} in the event any o( s~:d sums of mortey
herein refened to be not prompt,y and fully paid wnnin thuty 1301 days nex~ ae~•~r ~he sa~~e severa:iy 6e,;ome d~e and payab!e, w~~hou~ den,and or notice.
or (c~ in the event each and every the stiau:ations, agreement~, cond~tions and covenants of sa.d pran~ssory ~ote and th,s mortgage any o~ e~ther are nol
~uty, promptly and fvlly performed, d.sci~arg.=d, exec~r.;d, effected, cwnpiered, comp~,ed w~rh and ab~drd 5y, the~ in e,ther w any such e~e~t the sa,d ag-
giegate aum ment~oned in sa~d prom~sswy nute then rema~ning unpa~d, with intrrest accr~ed, and a,l moneys secu~ed hereby, shail becume d~e and pay-
ao!e for:h.vith, o~ thereaftcr, at the opt~on of seid h10RiGAGEE, as fuiiy and comple~e:y as ii aH of thc said swns of mo~ry were onginally st~pu~ated
ro be pa:d on such day, anyth,ng ;n sa.d p~om~ssory note or in this Mortgage to the contrary not,+v.thstand;ny; and th:r~~po~ ar thereatter a~ the opi~o~ of
sa~d AtORTGAGEE, w~~hout na~ce o~ demand, sun at law or in equity, thereto~e or thereal~er begun, may be prosec~ted as if all moneys sec~red hereby
hod maWred pnor to ~ts ir.stiWUOn.
7. 7hat irt tha event rha? at the be~inneng of w at any time pending any s~~t u}wn this Mortgage, or to foreclose it, or to ~eform if, or to enforce
payment of any :I,lms hereunder, said MJRTGAGEE sha;I apply to ~he Co~rt havu~g ~urisd:ulon thereot for the appo~nt~nent of a Receiver, such Covrt shall
Fonhwlth appo~nt a receiver of said mortgaged property att and singular, inctud:~g a~1 and s+~qviar ~he i:eco~~~e, prof,ts, issves and re.~en~es irom whatever
so~rce derived, ea:h and avery of wh:ch, it be~ng expressly understood, is hereby mortgaged as if spec~fically set forth a~d desui4ed in the graroing ar.d
habendum cla~ses hereof, and such Recei~er shaii have alt ~he broad and effec~ive funct,o~ls and powers in anywise entrusted by a Covrt to a Rec.;iver, and
s..ch appointme~~f sha~! be n,ade by svch Court ai an ad:nitted equity and a maner of absol~te r~ght to said MORTGAGEE, a~d witi~cuf reference ro the
edequacy or ~nadeyvacy oi a:~e value of the property mortgaged or to the so!vency cr ~n501v~My of sa~d MORTGl.GOR o~ the defendams, and that wch
renn, proiits, incwne, issues and revenues shall be apptied by such Receiver ac<ordu;g to the lien or equ~ty o! sa~d MORTGAGEE and the praUice of such
Court.
B. To du!y, F:,,mpt:y and fully perform, d~scharge, execute, e(fect, complete, comply w~th and abide by each and every the st~puiations, agreements,
condi:ions and covcnants m sa~d promissory note and th~s mor~gage set forth.
9_ Thaf in the event ihe ownership of thA mortgaged premises, w any part thereof, betomes vested in a person other than tha MORTGAGOR, thg
~10RTGAGEE, irs successors and assgns, may, wi~ho~t notice to the MORiGAOR, deat with s~ch sutccsso~ w wccessor in intErest w~th refe~ence to this
~:o~tgage and the debt hrrzby secure~ in !he same manner as w~th "llortgagor w~rhout in any way vit[ating or d:schargi~g the /dorrgagors' Iiability herr
ur.der or upon the debt hefeby sec~red. ho sale of the p~emises hereby mortgaged and no foraeara~ce on the part oi the 11VOR1GAGEE oi its successors
or ass~gns and no .eare~~s:on of the time for the payment of the debt hereby sec~rrd given 6y the PAORTGAGEE or its successors or ass:9ns, a~~ali operate
io re~ease, d~scharge, mcdify change or affect the orig~nal liabd~ty of the MORiGAGOR he~ein, either in whole or in part.
Ib. !t is speufecaR/ aareed rhat tim~ is of the esse~ce of this contract and that no waiver of any obl[gat~on hereunder or of the obtigation se-
c~red hereby shai~ at any time thereafter be held to be a wa~ver of the terms hereof w of the insirument sewred herby.
11. In a:id t:on !o t! ~ fore~c ng month!y r.ayrre~ts of print paI and imerest required by the prom ssery nc!e secured Fereb~, mort~a~pr tovenants
end ayr,e: •a ;~ey ro mortgaqee ~ti~1F~ each ~ror>h~y payr:~ent a~ ad~,reonal svm esr~n~ated by mortgagee to be equal to 1: 12 of thc an~3ual tost of the follow-
, g: ~
A-All real FrQpe+:y ta,cas lev~ed o' d55~75:e~ ay~i•~st ih~ ebove des~ribed raal eztate.
B F~ u~ns on f;~e and windsto:m ir.sur3cce as nere~n rrqu~red to be tarried on the 6m, roveme~ts s~tvate on ttr: above d_suibed premises,
~ C-Prc~ni~i:~s o~ s~th rr.o:tg;ae gvaranty ir.su:ar~ce os mongagee shai} fro~n r ne to ssme deem fit to' carry on ttie loan secured hereby.
Mortgagee s'-~'I f.om t~nr to tirne Rot+fy mcrtgagor in v,rit;ng of the arr.ouM duc and payable hereu~drr and such wa~ st:3fl thcreu,~on be due and
~.~yable on the doe oa~_ e` ~he neat mo~th:y pay~nent ar,d each successive month thereait~r uctil mottgagee shall notify mortgagor of a change in such
e•~~ovnt. S~ch s~,ms s~ be appiied by morrg~gee 10'NJId the payment of rea! preperty taxes, insura~~ce prem:ums, a~x1 mort~age g~aranty insu~ance
nr frnwmi.
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.Iil WIfNlE$$ Y1N~REOF, the sa~d MORTGf~GOR has hereunto set his hand and seal the day an ear fint afore a~d.
_ Signer# ~Seatecl ard drtivered in the presence of: ~ ~ ~ T C INC •
- . FI~.Efl ~y~ ~fCQR8E0
, ~t. ~tlC?~ ceu~~r Fll1. B seaq
r; RO~c ?i '.'~T COURt L~ A~ST: es en
CtE~~c ~ J ec e a ry_ rea rer r
- _ - ~PfG~33" r`F ~'"tb (Seaq
, ~ (Seal)
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C STATE OF FLORIDA COUNTY OF ST. IUCIE 243~ `1
~ I HEREBY CFRTIFY, That on fhis _
4th _day ot ~~ber
, A.D. 19 72 ,
~ before me personatly appeared _ Ernest_E. Chattdlez and Pauline E. Chandlez
~
! respectively P~esident and Secretary Treisurer _
` , of
~ Chandler Equipaient Co. ~ Inc. Florida
i _ , - -
• a---------- - Corporation, to me
; known to be the pe~sons described in and who executed the foregoing instrument, and severaliy acknowledged the exe-
cution thereof to be their free act and deed as such officers for the uses and purroses therein mentioned; ar~d ~~et~~~e~,,~
i <~i
: affixed thereto the official seal of said corporation, and ihe said insirument is ihe act and deed ot ~'ipf°cdcporaYiOn:
~ . ~ .
; WITNESS my hand and official seal at Fort Pierce uC' ~i - _
; : ,
, said c unty and st ; ~l- _
! This instruaent prepared by - ~ '
' John W. Col2ins ~ ~ " _
•
; First Rederal Savings and Loan No Pu c, in and for State and Co t` ~ ~`-v
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