The URL can be used to link to this page

Home My WebLink About1319 To place and cont~nuousiy keeF+ on ~he bui'.d~ngs now a hereaher s~tuate on ss~d land and or+ ali cqu3pment and perwnally covered by Ihis mortg ag~, with all premiums thereon pa~d in full, (ire insurance ~n the usual standard poticy form, in ~ ium app~oved by the MORTGAGEE, •nd windstwm insurance in tM uswl ttandard po~:cy fam, in s sum approved by ~he MORTGAGEE, In such company oa compan~es as tM MORiGAGEE ~y dinctj and al) (ir~ and winJsiotm insu~ance pol~ues on any of aaid buiid~nga, any inlera~t the~ein w part thereof, in the a99rcgate sum afaeiaid w In ~xcesf ~hereof, ~hall co~tain ths usual standard mor~gayee d~ust or such otha daus~ af /M Matgagee may requ~re, makinp ~hs loss v~+der saad po~~ cies, esch and every, payable to said MORiGAGEE as ~q inte~est may appear, and each and evcry such pol~cy shall be promptly ass gr+ed and delive~ed to sny Mld by said MORTGAGEE as furiher sccu~ity to said mwtgage debt, and, not leu than ten (10) days i2 advarxe of the expiration oi each policy, to da livs~ fo said MORTGAGEE a renewal thereof, tope~M+ with a rece~pt for the prK+uum oi such renewsl; and ~here shall be no fue or w~nds~orm in~urance pl~ced on any of taid buildinyi. ~ny i~tere~t thereie w psr~ thereof, unless in tM form snd with the loss paYable ~s atwesaid: and in the event any swn of monty becomes p+y+ble undar iuch poli~y w po~icies iaid MORTGAGfE shall have ~he option to rece~ve and apply the ume on accou~l of the indebted- neu utured F~tby w 1o permit said MORTGAGORS to reteive and us~ it or any part thereof lor otnc~ purposes, wi~hout th_.eb~ wa~vin~ o~ u»pa~~• inp any puity, IiM or rigAt unda a by virtue of this mort9age: ~nd in 1F» event iaid MORTGAGORS shall for any reason f~il to keep the ssid prei++ises w insured, w fail ro deliver pramptly any of said pol~cies oi inswance to said MORiGAGfE, or fail promptly to pay fully any premium therefw w in anY r~spect fail to per(am, dischar9e, execvte, effect, complete, comply wi~h and abide by thii covenant, w any parl hereof, said MORiGAGEE may pi~ce and pay fa such insurance a+~y p+rt the~eof withoul waiving w effecting any option, lien, equ~ty, o~ right unde+ w by vi~tue of this Mwt9aye, and the full amount of each and evtry such payment shall be immediately dw ~nd payable and shall bcar interes~ from ths date thereof v~til pa~d at the rate of nine per centum per annum and togefher with such imerest shalf be securcd by the lien of this matyage• 1. To permit, oommit or suffN no waste, impaGment w deterio~ation of aa~d property or any p~~1 tF~creof. 5. To pay sll and aingular the costs, charges snd expenses, includ~ng a reesonable atfwr+ey's fee and costi of abstracn of ti~le, incurred w pa~d a~ any time by said MORTGAGEE, bccause or in the eve~t of the failure on the pan of the said MORTGAGOR lo duly, promp~ly and fully pe~form, d~xharge, execute, e((et~, comptete, comply with and ab~de by esch and every the stipulatans, agreements, condifions, snd cove~ann oi sud promissory note and thif mortyage arty w either. ~nd sa~d costs, charges and eapenses. each and every. shall be immediately due and payable: whether or not tF~ere be no~ice ds mand, attempt to cotlett w wit pending: and tha tull arnouM of each and ere?v such paymenl shall bear interesl from 1he date tFxreof until paid +t the raee o( nine per centvm per annu,n; and all said costs, charges and expenses incurred w paid, ~ogether w~th such interest; shall be secured by the lien of tha mortgags. b. That (a) in the event of a~y breach of this Nbrtgage o? defaull on tlx part oi the hWRTGAGOR, w(b) in the event any of said sums of moi+ey herein reierred 1o be not promptly and fully paid within thirty (30) days next after ~he same uve.afly become due and payable, without demand or notice, or (c) in the event exh and avery the stipulations, agreements, cood~tions and covenanrs oi sa~d promisw~y nore and th~s mortgage any w e~ther are nw ~uly, promptly and fully performed, d~uharged, execu~ed, effcaed, comp~eted, complicd with and ab~ded by, then in either a sny such event the said ag qregate sum mentioned in iaid promisswy note ~hen ~emaining unpaid, wirh intercst accrued, and al~ mo~eys secured hereby, sM~l betome due and payr able fathwith, or thereafte~, at ihe opt~on of ~a~d MORiGAGEE, as fulty and completely as if all of the sald sums of money were orginally sr~pulated to be paid on such day, a~ything in sa~d prom~sswy note a in this Mwtg{,~ ts tne co~trary notv.ithsrand~ng; and thereupon o? thcreafter at the opt~on of said MORTCaAGEE, without ~otice o~ demand, svit at law or in equity, therefwe or tAereaite. begun, may be prosecuted as if all n+oneys secured hereby had matured prror to its institution. 7. That in the event that at the beginning of o? af any time pe~d7ng any suit upon thia Mortgage, or to foreclose it, or 10 ~eform it, or to enfo?ce payment of any claims he~eurder~ said MORTGAGEE ~hall apply to the ~ourt having jurisd~ction thereot for the appointment of a Receiver, such Court shall forthwith appo+nt a reteive~ of said mortgaged property all and singular, includ~ng all and sin~u~ar the income, p~ofds, iuves and tevenues irom whatever source derived, etch and every of which, it being express~y understood, is h.ereby mortgaged as ~f specifically set forth and desuibed in the granting and habendum clauses hereof, and such Receiver shall have aIl the lxoad and effective funcnons and powers in anywiu e~trusted by a Court lo~a Receiver, and ~uch appointment shaU be made by such Court as an admitted eqvity and a matte? of absolute right to said MORiGAGEE, and without teferente to the edequacy w inadequxy of the value of the property mortgaged or to the sotvency w insolvency o( ssid MORTGAGOR w the defendants, and that suth ~ents, profiri, income, issues and revenues shall be applied by such R~ceiver according to the lien or equity of said MORTGAGEE and the prattite of such CouA. ~ S. To duly, promptly and fully per(orm, discharge, execute, effect, complete, comply with and abide by each and evcry the stipulations, agreements, conditions and covenants in said promissory rate and this mortgage set fortF~. 9. That in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in a perwn other than the MORTGAGOR, the MORTGAGEE, its successws and assigns, may, without notice to the MORTGAOR, deal with such successw w successor in interest with reference to thi~ mortgage aod the debt hereby ucured in the same manner as wirh Mortgagor w~thout in any way vitiating or dixharging the Mottgagors' liability herr under or upon the debt hereby secured. No sa~e of the premius hereby mortgaged and no forbearance on the pa~t of the MORIGAGEE w its wtcesson or augns and no exiens~on of the time fa the payment of the debt he.eby secu.ed given by Ihe MORTGAGEE or it: successws w ass~gns, siwll operate to releax, discharge, rnodify change or affect the wiginal liability ot the MORiGAGOR herein, either in whole or in part. • 10. It is specifically agreed that time is of tM essence of this contraa artd that no waiver of any ob~~gat~on hereunder w of the obl'gation sr ~ cured lureby shall at any time thereaiter be held to be a waiver of the terms he:eof or of the instrument secured herby. J 11. In add~tion to the forego:ng munthly payments of princ"pal and interest required by the promissory no!e secured hereby, mortgagor cqypWlatR,,, and agrees to pay to mortgagee with each momhly payo,ent an add~~ional sum est]mafed by mortgagee to be equal to 1 j 12 of the an~val cost of,Nf~ fpliew~ r'~ t: u E~ f , ing: ` . A-All real property taxes levied or assessed agai~st the above described real estate. ~''1~ • ` B-Prem.~ums on (ire and windstorm insurar.ce as herein requ~red to be carried on the improvemeits s+tuate on the above described_'pr~~~e~ ` ~ C-Premiums on s~ch mortgage gwranty ir.surar~ce as mortgagee sha~l from t~me to time deem fit to wrry o~ the loan secured here~, j i . i Mortgagee shalt from time to t~me notify mortgagor in writ~ng of the amount due a~d payabte hereu~de? and such sum sha(1 thertupw? be dQe~ ~ Fayable on the due date of the next monthly payment and each successive month therealter urtil mortgagee shall notify mortgagw of ~a. c h a n p e in .i.~ - ~ amount. Such sums shall be applied by morigagee toward the payment of real property taaes, insurance prem:ums, and morfgage guanenRy- inwrance ~ premiums. . •i.'-. ' t IN WITNE55 1YH , the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid_ ~R s~ ~ aled livered in tFx presence Srt~l4C~-~~•~~MTY'~~~. BfiNC RK CONSTR Y~ ~V'`_ ~ ~ CI Ri,~F ~ RAS,~T BY: . n ~ - .n ~ iI - . - , ~ , on . nesm , Presi e~t t~ ~ ~ UC ~G ~ ~N ~~JATTEST: .C`:.` - ' q ~ _ . . utc inson Secretary ~ ~ ~~.~.9~ STATE OF FLORIDA ~ COUNTY OF ST. LUCIE I HEREBY CERTIFY, That on this day of ~?ugust ~ q_ p, ~q 73 , before me personally appeared Vernon C. Rhinesnith and G. B. Hutchinson ~ respectively President and Secretary ~ , of ~ ~ Benchn~+rk Constructian Conpany, Inc . , a Florida Corporation, to m~•••~•.,,. ~ ~:r,-.,~- ~ ~ known to be the persons described in and who executed the foregoing instrument and severally acknowledged tli~ieXe~..,,: t. K ~ V~ ~ cution thereof to be their free act and deed as such officers for the uses and purposes therein mentioned; aad tF~t fheY~ ':.i ~ affixed thereto the officiai seal of said corporation, and the said instrument is the ad and deed of said; aorporation~ t1 ~ ' • ~ ~ WITNESS my hand and official seal at Fort Pierce , ounty and state. This instrument prepared by ~ ~ ~ Gary F. Ellwood " ~ - . ' ~ ' _ . ~ ~ First Federal Saving s and Loan otary P ic, in and for S~ate and County aforesaid.. , ~ Association of Fort L'ierce, Florida ~My Com ~ssion Expires: h`'`a'~ Stnie of fiorida at Larye ~ 1~!y to-~{;:issi:o Ezp=res Fcb. 13, 1974 lo-cea ii Ass..u. iw• 3 G:wlr Co. ~ Checked By ~ ~ ~217 ~i3~~ ~ . . - _R : _ - ,G~. .~s~ ~ ~'.~w ~ y~s ~~~.~~~~s~~~~ _.~r . _