HomeMy WebLinkAbout3072 3. To p' ~ce a~~.d .o:~'~n~:,~s'y kr.ep un ti~r L~~:J~~.3s nox or he~eofter ~!t~ate on sa~d ~and ard on aii rq_~F.n•ent a~•.d pen.nai!v co~er,:d by th~s rr.o~ig-
1~A, W~~~1 atl Fr~~n,w:nt 1h~rCOr1 ~:tl'({ in ~uli, ~if@ b~~S~in~K2 .~l ih~ ui~di Sldtl.~afd ~J:~C~I FOfT. 1~~ a Sa~n J{.N(o+ed by Ihc' ~titiiR,U%~C~~t. d:'~d w~nl3SW1~11
n;~ran:e ~n the .~s..al s', .a~~d pa.cy tcr:n, in a sv~n ~~~~ro~ed by ihe MORTGAGEE, in such cc•~~p,~ny er w~~~; an,es as the 11,02i;,AGEE ~T»Y
d~rect; and all iire ~~:d w:~~dsr„nn insurance po`.ic~~~s on any of sa~d b:,i~d:~gs, any inteiest the~e~~ or , E~t the~euf, in the agg•eyoee svm ato~rso~d oi
in rxcess thereof, sha!i ro~•!.~~~ v~e uw~~ s~a~Kla~J mor~yeyro c~a~sa or s~ch ocher cijuse as the tdortga~re ~~~ay rcy.,.re, n,ak~ng u~r ~ess unJrr s~ d po~i-
c rs. each and evrry,l. t,a;:~i~'a ~o s;~d ,11JRSG~.G:E as ~rs ~nn:r~~s* n,ay appear, and each and e~ery >vch ~:a~~c~ sh,:l I~e F:ro~~~.pt'~ ass y~.rd a~:d dc ,.rr, d To
eny hcld by s.~~d '.~y~~J~J:E as fu~ther s:cui~ty to s3~d ~~~o~tgayr drbt, ar.d, not !ess than ten ;10? days ~d•a~'ce of ~hr eaj.~'at~on o' ~_ach No~~:Y ~o dr•
i~var to s~~d MJRiG~v[E a re~irx.,~ Ihrrrof, togrth:r w~th a rece~pt for thr prrm~~m Of such ienr+oo:; a.~d thrie sha,i !;e ~~o i.ro c~ ~~eto ~~so~ance
p~ated on a~y of se!d b.,~:d~ngs, any ~nterest there~n or part Ihe~eoi, un!es~ iri the form and w~th the ~css payab'e as afc~esa~d; .,~:ti ~n ~~~z ~'~r~~~ „'y s~m
of mo.~ay brco nes pay~~,e undrr s~.h p~iicy or poLc~es sa~d Mi"~RiGAGEE sfiall have thr opt~on !o rece~vr :,~id ~pr!i 1}la 53 .~f on a.:~~ nt ii~e u~.io:~t~~d-
ness ser..~ed h,:r_by er io pen*,!r sa d 1~!JRTG:.GORS ~o recr~~e and use it or any p,,+~ tn~•:~~04 tu c.; _s:a. t:, ~
~n~ eny equ ry, i en or r~;F.r ~nder o~ by virtue of th~s n,o•eyaga; and in ihe event sa.d A1p~2TGAGORS ah.,'i `.o~ any r_ason f~~' to ~~~ep ~I~e so•o pre:~,,s_s so
~nw.ed, or f,~l io da~~~c pron+Vtly any ot sa~d poi~u~t ol insurance to sa:d MORIGAGEE, er ra,. p~cn,~,~;y ro F.oy f„,:; .~i~ s•~~•:~!u. o~ a~y
respeU }aii to perto~~n, d•zchar~e, ex~~c~•}e, eftect, compirtr, co::~~p~y wirh and ab~de by lhis CUVe~»'~t, Or any p-~~t I~~"a.-Jf, S+~c~ ldvR(.~-~l~:E ~=~ar V~d~•- a a
pai for svch inwrnnce or any part :hereol w~tho~t waiving w aiiccting any ophon, Gen. eyu~~y, or ~~yhi u~~J~~• or b/ v:•tue o~ i1~~s !~`.~•'~~~a. a~~~f ehc
r~,::l aif~cunt of eaCh u~+d e~try Such paymant shal) be uninrdiately du@ dnd payable dnc~ Shdll bCa• in!~!~~ft fi~.~n lhd do12 lhc~iof un~J p.,+d dt tt~< <.,:r el
•.r-e ~~~•~!~-tt pr• a.••r,••• e•~a/ t~ ~N«w .r.tA NKta-uai~):ul= sl~..u-:~ uw:~d 6> the :ien of th~s moriyaqe. _ - -
d. TO permit, to•nn~d ot s~ffer no v.aste, i:npairn:ent or deter:o~at~on of said proptrty Or any part thereof.
To pay a11 ar,d singular the costs, cl~.+rgcs and expen;es, including a rea:onaL'.e atrorney's fee a~~d cosrs of absTrvcts cf t~t'c, ~~~:urrrd o~ ;:.+,d a~
i~y tu.,r by s,~d ti'.uRtGaGtE, bew~se or in the event of the fail~re on i~e por~ of the said 1AORTGAGOR to d..ly, pro*~Ht1y and }u:~y ~:r~iocm, d~s.r~~ge
.ccurr, elfec+. w~~,p:e:1B. COr.F,~Y w~th and abde by ea.h and e:ery the stipulat:ons, ag~ee~nants, condit~Gns, a:td ceve,:aa~~s o~ s.,~d p~on,;;sory noie a~ d+t~~3
n:~rrgage any or e~~her, ar.d sa:d costs, charges ond eapenses, each and every, shall be immrd~ate~Y due and payab'.r; wh~•ther or no~ th~•re be noncr d_-
~,and, atte~np~ to co:tect or suit pend.«g; and the fuil amouro of each and e~e~y such paymero sh~lt bear ~Mrrest from ~he dere tt~er~ot w~ri1 pe~d a~ ihe
~ o~ n~nr }:er cc~~`:i,'n :.i.t o~i.~~~:~~; ond .~i~ said Costi, chrgei and EX:icrtif5 ~rx~~~ed Q? paid. IOyc'lh~t ~v~th Svch intoresl. Shdll b¢ SeWred 6y Iha: i~rn O4 th:i
Tortgage.
b. That (a) thr event of any breach of this Mortgage or deiault on tF~ part of the MOFTGAGOR, or ;bl ~n the eve~t any of sa:d sums of mo~ey
.•re~n ~e~ened ra t4 net prCmN!iy and f~Hy paid w~thin th~rty (30} days nexr arter the se~ne severa :y tecor:e dve and payabte, w~~hou~ de:na~~d or rx:t~ce,
c. ,c1 in th,.~ e.enr e,ch ar.d ev~~:y ~he sr~;.~:at~ons, agreements. cer.dt~ons and covenanis o! sad ~~ron~~ssory ru±~• a~~d ~h~s mo+tg.;9e any or e~~her are no~
i:,:y, prc~n~;riy and i,;uy p~rfe~~~~rd, dscharg_d. ~xecured, effeurd, comp;eted, comp:~ed .1rth and a~~dc-d ~r. ~hen ~n enher or anr s~ch evem the sa:,! ag
3•~ 3a't icm ;r.trt.oued in said Fran;ssory nc!e then re~^a~ning ~r.aa~d, with interr,t a[cr~ed. a~id a:l moneys scc~red hereby, sk~all brco~t~~ d~a a~~d par-
: ic~:hvc~th, or th_~raher, at the op!~on of s~:d !r10R1GAGiE, as fvity and corc,NlrTely as ii al; oS tE,r ss~d s~ms ef n~oney were or~g~na:ly sr:p~.atrd
;e be pa.d on such d~{. ar~ym~ng ~n sa d p~o~n,ssory note or ir. this Mortgage to the conrrary not.u~thstand~ng, and ~hrre~pon or thereafter at the oF,~.on of
s~ d!L'~ORTGAGE£, v.~~~.,u! ror~cr o. drmand. w~t a~ law or in eq~~ty, thrreiore or therraher b~•gvn, inay be prose~utrd as if a;l munevs sewred hereby
i..~:i r.~at~rru pr~or to :ts u~stitu!~~n.
7. Th~+ m tt~e e.ent rhat at the beginnlny cf or at an~ time pend~ng any su~t upon fh;s Mortgage. or to foreucse i~, or to reform it, or to enforce
e~yrnent of any c:~~*~s h:ereu::d:~~, sa~d AkJRTvAG:E s~~a~t apply to the Cew? havi~•.g ~urnd.it:on th••r~•o'. foi +he apFOU~tnuN of a Rece~ver, su:h Cwrt shail
r; ,~fi,nnh aEp::.lnt a recei:er of s3~d mortgag_d propzrty a~i and s~~gu:ar, inclvd ng aii a~~d s~~•a~~ar ~he ~nmme, profns, issues ard re:cnues f~an whate~er
_~•ce d~•n+ed. e.,ch anci rve~y of wh:ch, ~t be~ng exNrese!y unde~sreod, is he~eby mertgaged as ~f spec.fica::y ser io~rts and desu~bed in ~he g~anr~ng and
~:;and~m c a~ses herco~, and such Rec~~.~r shai~ havr a'~; !he b:.:ad and effect:ve tuna,ons and powers in anyx~se entrusted by a Court to a Reccirer, a d
s.:h aF;;o~nr•rc~rt sh.,:~ ~e r.:ede bt s:,ch Cv.:rt as an ad~~~tred equity and a s*at~er of abso:u~e r.g!a to sa~d MORTGtiGEE, and ,~v~nc~u~ reference to the
_.i_',~,';cr o' ir:ade•;:.ac~ v~ the veiue of the property mortg,ged or fo the so,venty or fnsc:v~•ncy of sa~d ~hOR?GAGOR or the det~ndants, and th;f such
,.•!s, profits, mco~ne, ~ssues and revenues sha11 be appl~ea by su;h Rece~ver accordu~g to the iien or equit~ of sa+d h1iJRTGAGEE ar.d tne practice of s~ch _
Court.
8 To dv'.y. pre°~; t'.y ~~,d fui~y perform. d~scharge, execu•e, effecf, compteta, conipky with and ablde by each and every the st~puiar+ons, agreecnents,
,.,~~d~t~ons o~:~ co.er~a;~:> ~n c„d p:o:-~isxy note r.:d ;n:s :..cngaye sct torth.
9. ihat in the eve~t t1-e owner~h~a of the mortgaocd premises, or any 'part thereof, becontes vested in a person other ihan the MORiGAGOR, the
:~RTGAiiEc. ~•s su::~ss.~s a-d 3ss~gns. ~nay, w~thoue r.once to the ~~tORTGi+OR, deal w+th such suctessor or successor in interest with rrfr~ence to this
~'~gaye a~ d<<~e ~:ut h~reyy secured in the sam2 manr,er ai v~+th AtortgagOr w~thout in dny v~ay vit.ating or d:ithdrging the IJIort9agors' lidbility here-
. Jer or uf~on th~ dr~t t„r~:~y se.~_«~d. No saie of the F:en,~ses h.reby rn~rtgaged a,~d r.o fortearance on the pan ef the M02iGAGtE or its successors
_ ass:9ns a~~d ~o e.te:'.s~o~ o! th•a t,~r:~ for tne payme~~t o~ the debt hereby sewred g~ven by the l1VORTGAGEE or its suciessors or ass!gns, a~~all operate
ro re~edse, d.scha•ge, mcd~fy cha~:ge or aifeci tF.e o~iy:~:al iies.i~ty of the ti1GRIGAGCP I:erein, either in whofe or irt part.
10. It is s~.ec f~c al~~ ;gre°d tha! n~r,e is of the esse~ ct of th~s mntract and that no waiver of any obiigauon here~nder or of the obligation se-
o.,red harcby shalt at an~ thne tn~~ratter be ht:d to be a woiver of the terms hereof or of the instrvment setured herby.
~ 1. ;n ~;id ro fo~e~c ~,3 mon'h'y parm_n;s ~f p-inc pal and interest requ~red by the p~om sscry nore sec~red h~r~b,~. mo;tqagor covenants
,.d ag-ces ,u r~~ ~o •~.0-~3.,3ee v..rh r.~ch ~•,onrh y Yd~r.'.C~~t an add,nona( sum csf:~.,,red by mortgagee ~o be eqcat ro i i2 ot s;,e ~n:~,;at ,os~ or the (oliow-
'i ~ .
! A-:.ii r._a~ rroprr•y ta.cs .e:~_~ er sssess_:i ag,r:st the abo+e d<sa~~ed real est~te.
'M S !~r, r~.d •ds~ ~nsu•a~cr as ne:e~r. req..rcd to be ca~n~.d c.e +he :;~~:;'ove•ne~'s s;t~ate on th~ above d~scr:bed premises.
i C-Pr~ ~ s o i ~~ch ~~.o-t~:.ge g.:a•a~!y ~~:wra~.:e as mo'tyayee sha~t fra r. ' r-+e to t~me deem fit to earry on the loan scwred f:ereby.
h!o+~gagec s~~'! `•:~T r,•n~ +o r~-:e nenf; mcrly.igor ~n wr~t~ng of the amou~t d~e and payable hereundrr and s~ch w~~ shait thereupon be due and
f .aFi:e on ~h~, d:.~ a:,~<~ or rh~ r~_,t mo~vii r~n and each success+ve month thereaftcr ue.!i! mcrt a ee sha(i notf mo~s-a or of a chan e m wch
S ~ Pay 9g v ~9 3
j .~~unt. Su;h s~~^s s' e.i .,a a{~~~~i~:! oy moryey~e toward ti:e payrr.ent of rea! property taxes, ~nsurancc prem.ums, and mortg~ge gu~raniy ~nsurance
~ r••~~~ms. •
4 I"+ ,.i~r1E5s :.HEREOF th~ sa~d .h1ORTGFGOR has hereunto set h~s har.d and s_ai the day and yea ' t aioresa~d.
~ S~gned, Seaied a~,d deiive~ed the presence of: HpLLMARK CONSTRU N O~ IDA INC.
s _ f` •
~ - f~~~p RM~ aE DRp~p g ~ =don S. Nutt President ~a1~
' ~''S ~ ~~ft--~-1~~~~ ---;~~~II~iL C!:tJ ill i Y= ~ (Seaq
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# ' - - 9Gi i. : 0~ aR3 (sea~
~l~fi~. : •~:Ui1 VOt1Rt (Seaq
~ t~~.~~~ .~~.,...~--Tr -~'CR'.~ YF~' C9~ ~
~ Attest: Dorothy lch, Secretary
~ 0~ I+l IZ f4 ~N~7~ y 2436'72
~ ~TAtE Gr FIORIDA COUNTY OF 5T. LUCIE
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~ ! HEREBY CERTIFY, That on this _ _7~~%_ _day of__ __~ecQmhor______ _ , A.D. 19 72 ,
~ ~efore me personally appeared _Gordon S. Nutt____ and ~rothy_We1Ch
~ ~espectively President and Secretary - , of
~
K Hallmark_Construction CocnpanY_of Floridab_Inc. __Florida ~r~oration, to me
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~ known to be the persons describeu~ in and who executed the foregoing instrument, and severally a4kpovl?I~d~pd~the,~ce-
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` cut~on tnereof to be their free act and deed as such officer; for the uses and purroses therein ma~n?bned; ~nd tha~t(~'3hey
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~rfixed thereto the official sea! of said corporation, and the said instrument is the act and de~d ,~~said. rpp~atinn.
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" ~,^~'ITNE55 my hand and official seal at Fort Pierce said count~~ stat~. f~~~o~ ~
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= This instrument prepared by J. H. Roberts, 3r. -
~,~:,~.ei y: ch~lt% ~ .
: First Federal Savings and L,oan AssociatxoNotar Public, in ar.d for tate`~a~fid'Count aforesaid.
- of Fort Piezce, Florida Y _ ~ Y
My Commiss~on Expires: 9 /y73
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