HomeMy WebLinkAbout2676 3. To place and cont~nuo~~sly keep on fhe b~.~'~i~ngs nc,v o~ hrre~ftri ~;foare on s,~d ~and and un att eq,~p~~:~•nt end personaNy ca.e+ed by 1h~s mor~q~
e~e, wi~h atl przmiums thcreon Na d in fult, l~re .ns..~o.ue m tne usuai sta~:do~d pol~~y fu~m, in a wm aHpro.ed by tt~z 1AVR~~:.GEE, a: d wu~ds~o~m
.ns~ranca ~n fhe usual s~and,~rd pot.cy torm, in a sum ~ppro.ed i.y ~he h10R1GAGE£, ~n such co~npan~ or co•=~;~..~~~es as the MOki~,AGEE mey
d~recl; a~d all lire end w~nJstorm insu~ancr po!i.~cs on any oi s~~d bur'd,nys, any infe~est therein or part thrreof, in Ihe aggr<y,Te s~ n afpresa!d or
in extess Ihereof, shell :ontain the usual ata~~d3r~ mor.y~gea c'auta or such o~her dauta as the Mo~lyagee may reyu.ro, making thr :css u~tdrr s~~d poli-
ots, each and avery, payab!r to sa~J ~tilJRTGAGEE aa ~~i ~ntvr~~t may appear, a~~d each and every ~uch ponc/ ehait tie prump~:y ass yn~-d a~~d de~irer.rd ~o
en~ held by se~d A10RiGAGEE as lvrther s:cwity to ajid mortgage d~•bt, and, not fess than ten (10) deys in adva~ue oi the eap~rat~on of eoch pol~cy, to de-
t,ve~ to said MORTGAGfE a rone~val thereu~. ~ogeihr~ with a rece~pt for the psemium o) such renev.al; a•~d th~re shall be rw f:re or ,~:i~~de~c•~n ir.suronce
plittd on any oi said bvildings, any interrst Iherein or part thereof, unless in the fo~~n and with the loss payable as aloresei[l: 2nd in the e•.eM any sum ~
ef money bccomes payable undrr s~ch po~icy or pot~ues s.~~d MOkiGAGEE shall have the opt;o~ to rec_~ve ~nd apply tl~e sa~ne o~ eccount of the ind::utod-
ncu setured hereby or to pe~mit sa~d IAURTGAGORS to reCeive and use it or eny part ~hr:eoi tc~ c:r•.r f.ur<<~sr;, ~..rr~~.~t tfa.••~ ~L_~.~ i~ c~ u: •
~n~ any equ~ty. 7~en or i~ght under or by vir~ve of this mor.yaye; and in the evero sa~d MORTGAGORS shall fo~ any reaso~ ta~l to kecp rhe sa~d pr~rt:is.s so ~
~ns~red, or iail ro del~ver pranplly any of said poLties of ins~iante to sa~d MORTGAGEE, or fail pro~.ptly to pay fu~!y any ~~e•n~.,m ti;erefor a~ ~ri any '
rrepect fail to perfo~m, d~scharge, exrcu~e, ef(ecr, comptr:e, comply wiih and abide by ~his covenant, or any p,rt hareof, sa~d MGR7;,AGEE n~ay piace s~~o ~
p:~v for wch insuronce o~ any part thereof without wai„ing or afFecting any oplion, lien, equity, or righ~ u~~d>r or by vin~e of this htortgoge, and ~hE
1, ;1 amo~nt of each and every wch paymrr.t shall be ;n:med~eteiy due a~d payab?e and shatl bear interesr from tha datr ~he~eof ~nt~l pa~d at the rate ol
n•ne per cen~um per annu:n and to~rth~~r x~th suc!~ inrer~•st shaii be secured by the tien Of lhia mortgagC. ~
4. To pem~it, comm~t or s~f(er no waste, impaument or drt~riorat~on of said property or any {:art thereof, ~
S. To pay all and sing~Iar the costs, charges and expenses, inciuding a reasonable attorney's fee and costs of absrracts o( ti~te, incurred o~ pa~d a~ '
,r,y time by said MORiGAG~E, betause or in the event of the {ailure on the part of 1he said h10RiGAGOR to du:y, prompt{y dnd fu:iy parform, d~sct~argr.
~..•cute, ei(ect, comp:ete, tomply wuh and ab:de by each and every ihe stipufanons, agreernents, conditions, and covenants of sa~d promiisory note and ~h~s w-
-~orrgage any or eiihrr, and sa d cosrs, chargeS and expenses, rach and every, shall !x immed~atefy dve and p~yab!e; v~hefher w not ~hrre be not~ce da
n,and, atrempt to collec? or suit pend~ng; and the fu)I amount of each a~d every svch paymem shall bea. interest from the da~e thereof until pa~d a1 the
oi nine per cent.rm prr ann~.u; anc; ail said wsts, c~~arges ar.d crp~nses ~+xu~red or paid, together wdh wch ~nte+est, shall he secu:ed by the iien of th~s
~nortgage.
6_ Tha1 (aj in the event of any breach of tf+~ Mongage or default on the part of the MORTGAGOR, or (b) ~n the event any oF sa:d sums of money
! c•c~n refe~red ro be not promptly a~:d fulty paid withm th~~ty ~30) days nent atre~ ~he san,e severa!!y become due and payable, wdhout demand or noiice,
:r tc) in thr event eech and evrry ihe stiNu~at~ons: agr~ements, cond~tions and covenanrs of sa.d p~omissory aore and ths mo~tgage any o~ e~ther are not
:~:y, p.omptly and fuuy per~ormed, d:schargtd, executed, effected, compieted, compi;ed with and a6:ded `ay, then in e~ther or any such ..vent the sa~d ag
~~~°3ate sum meMioned in sa~d pron~~ssory note th~n remaining unpaid, with intere,t accr~ed, and a~t meneys sec~red hereby, st~ai! bccome due and pay-
ao.e fonhwith, or thereafter, at the op!ion o1 so+d MORTGAGEE, as fully ar,d comple~ety as i1 all of ~hc sa~d s~:ns of money were or~gina,ly stipuiated
to be paid c+n such dty, anything in sa.d pro:n~ssory oote w in this Mo~tgage to the contrary not.vAhstanding; and thereupon w thereafter at the option of
s~ d MORTGAGEE, w~~hout not~ce or demand, suit at taw w i~ equify, fherefore or thereafte~ beg~n, may be p~osecwed as if all moneys secured hereby
n,d matured pnpr fo ~ts institvtion.
7. That in the event rhat at the beginning of or at any time pending any suit upon this Mortgage, ot to forec:ose it, or to reform it, or to enforce .
;~~;rreN of any ciain,s he.eunder, sa~d 1:1pRTGAGEE shatt apply to t6e Cou:t having ~ur~sd:ct~on the~eo! far rhe appo~nrment of a Recei~er, such Courf shail
ic •!hwnh appu;nt a rece~ver of said mortgaged propa~ty al{ and singular, inciud.~g ati and s+ng~iar fhe inco~ne, prohss, issves and reae~ves irom whatever
s_ ^ce de~ived, each an~ every of wh~ch, i~ ~~reg expressty undersrood, is hereby mortgaac•d as ~f spec~f~cally set forth and descr~bed in rhe granr~ng and
i:6endum ciauses hereoF, and such Receiver sha~t have all the bread and effect;.~e fur.u.ons and powers in anywisr ent~usted by a Cou~t to a Recei~er, and
s_:h appointment shail be nude by s~ch Ceu~~ as an ad^~itR~d equ~r~ a~~d a maner of absoiutr r~ght to said MORiGAGEE, and without re{erence to the
yuacy o~ inadeqvacy of the vatue of the property mon9aged or b~ th~-. so:vency or inso.vency oi said MORTGAGOR ot the defe~~dants, and thal svch
•~!s, profits, income, issues aod revenues shaH be appiied by such Reteiver accordu~g to the Gen w eq~ity of sa:d MORTGAGEE ar,d the practice of such
~J:If~.
8. To du!y, prompt}y and f~!ly perform, d~scharge, exe;~re, effect, cor.,ptete, con,ply w~rh and abide by each and every the st~pufat;ons, agreements,
c~nd~tlons and covenants said promissory note and th:s mortgage set forth.
9. that in the event the ownership of the mortgaged prern~ses, o~ any part thereof, becomes vested in a person other than the MORTGAGOR, the
.'ORTGAGEE, its successors and ass~gns, may, wiihou~ not~ce to ~he h10RiGAOR, deal w~th such successor or svccessor in intereat with refere~ce to this
r:.ortgage and the debt hereby secv~ed in the same mar~ner as w~th Mo~tgagor without in any way vitiating ~tw d~scha~ging the Mortgagors' liability he~~
cr,der or upon the debt hereby secwed_ No sale oi the premises hzreby mortgaged and no forboarance on the pan of the N10RTGAGEE or its suc<eswrs
or assigns and no extens:on of the time for the payment of the dzbr h~reby secured given by tbe MORTGAGEE or its successors or ass~gns, ai~all operate
+o re~ease, d~scharge, modrfy change or affect the criyinal liau~l~ty of the MORTGAC,OR herein, either in whole or in part.
10. tt is spec~f~~al~y agreed that ti{ne is o4 the essence of th~s contrad and that no waiver of any obl~gaiFOn hereunder w of the obligation se-
c:,rad hereby shatl ar an~ time thereafter be he:d to be a wairer oi the te~ms hereof w of ihe instrumeM secured herby.
11. in a3d t~o~ to ~he (o+ego'ng month'y paymerits of p•inc pal and inoeresi requ~red by the prom~ssory no+e sec~red hereoi, mclttgagor ~ovenants
d ag~ees ?o pay to mo:tgagee with each mcnrfiiy pay~.~ent an add~~iu«al sum est~atated by mortgagee to i~e equal to 1~ 12 of tht atqnseT~'i'p#y~,bf,Lhe folfow-
.~3: ' _.~'-r~='-'
. . N .
A-Atl real property taxes tevie~ o~ ass.~s~_:i .•~.st the bc • -
3 j~ above de;cri d real estate. ~j h J
B--Pr.:~,:~u•.~s cn fire and weadstenn inwrarce as ~~e~e~n requ:red to b- ca~ried o~ the lmrroveme~ts s~tuate on tha aktuv~.~i~u~bc;~pr~~
'd . : ;
C- P~e~ni~.~-+ s on wc h cr.o: tg;ge guaran ty icwra~.ce as me~tgagee s ha1 1 from t:me to time deem fir to carry o~ t he I c>3r~~Wr e~ 1~{~./ •y; _
Mortgagee sha'I !rom r~me 1o time notify mo.rgagor ~n wrrt;ng of the arr.ount due and payable hereunder and suclt suih~halt tJ~i~rat~of5 be dye •n~
.~,abte on the due da!e of tha rext month:y pay~nent ar~d each successive month thereafter untii mortgagee sFall notifY n~er o{ a ge Qi Wth
:~nt. Svch s~~r.s sh~!! app~~ed by mo{tga^y?e torrard tne payment of reel property faxes, insura:xe prert:~ums, a~td i~n~~e.~ gu3rdo~y ir~u?~nce
. -:-".iums. / • • ^
~ ~
tN YJiTNESS :JHERcOF, rne said 1hORIGAGOR has h~reunto set his har.d and seal the day and year first aforesaid. ~a
S~gned, ated an elivered in the presence of: TAYLOR -CREEK_~IARIN' ,.,IF(
BY: !
i - Seal)
u . ya i en
c5eaq
~ arTEST ! ,
a ric . ~ , ice es ~i~t
cs~aq
STATE OF FLORIDA COUNTY OF ST. LUCIE
j 1 HEREBY CERTIFY, That on this ~ day of~ Octobez q p ~q 73 ~
before me personally appeared Azthur P. Bval _ and _patrick B. Lally
respectively as President and _ ViCe Presiaent , of I
! Taylor Creek Marina, Inc. Florida
. a - - Corporation, to me ~
known to be the persons described in and who executed~the foregoing instrument and severally acknowledged the exe- -
~ cution thereof to bz their free act and deed as such officers for the uses and purposes therein mentioned; and that they
affixed thereto the official seal af said corporation, and the said instrument is the act and deed of said torporation. •
V~IITNESS my hand and official seal at Fart Pierce said county d state.
' This instrument prepared by ~
; tVm. E. Braun - . ~ ` ~
` First Federal Savings and Loan Notary Publis,.jn a~,~i~ Stat and County afore_aid.
My Corirrrv_ssoRn-~pues: ~~u~?'- G~ i y 7-~
Association of Fort Pierce~ Florida ~ ~ :
- - • J . ,
~ ~ ~ ' ~ -v~ - L~ l4 ~YA IICL~AO~?c e
i I ' ' - - - ~
~ Checked B - . - ' . S7 ltt;; ~E~; ~:NT11 F~A. ^
y itCC. ? . TP,AS ~-f~
' ~j C(_E~ ~ C .''.Ul i COURf~
~
? al'tl~.~~ J~t+~f~rV~ RFf,')r'. i V_' :~;'`J,~,,,~~~,
Oci~fB 3 3aPM'73
` ' 2f 64~'7
_ - _..r - -
_ ' ~ ~i
- -:r.~~,.