HomeMy WebLinkAbout1213 antl shall perjo~m. ~•o~~~ly ~~~~~h nru~ abicle ~y eacF~ an~ every the af~reements, slipu~afions, conditior~s cen~~
covnnants Ihe~eof, anc~ of I~~is morfgnfle, f~~n Ihis martgafle ancf fhe PS~A~P ~ereby cr~afe~, s~c+~~ c~eose. ~~p-
lermine and be nufl and aoi~1.
7U~~ Ihe morfgagor hen~6y jurl~e~ covenants one~ ngrees fo pay promptjy u~~en a~ue t~e principal an~
interesf anc~ ot~er sums of money provic~ecl ~or in said nofe anc~ fhis mortgage, or pither; to pay a~~ ond
sin~u~nr 1l~e taxes, assessmpnls, le~~ies, liabilities, ubligafions, and encie~braRCes o~ ei~ery nalure on soid pro-
pe~ty: to permit, commi! or su/(er no u.astp, impairmen! or t~pterioration of said land of Ihe improvements
il~c~r~~~ ut ai:iy :::TCe; tc~ ~':;F t,~i~ ~?':~~'~;!!~S ~r ~p?an~lP~ oR Sa~d la~~d fully t?ISU~~ IR Q SII/11 O~ /l0~ ~PSS
Il~an g~,L INSURABLB VALUE . ~
in a compony or companies accepta6le to Ihe mo?lgaqee, !tie po~icy or po~1~ies fo ~e held 6y, and payn6le
fo, saic~ mortgapee, a?~cl in ftie enenl any sum o~ money 6eromes paya~~e by vir~ue o( suc~i insurance !he
mortg4gee s~a~~ ~ai•P ihe ri{~{~t to receive ant~ npp~y l~~e same to ttie in~e~itetlness l~ere6y securecj, accouniing
lo the morfgagor ~or any surplus: lo pay a~~ cosis, c~ar~~es, uncj expensFS, inc~ucring lawyer~s ~ees a~cl fitle
senrches, reasonnb~y inctirrP~ or pnic~ ~y t~e mortfla~pe ~ecause o( ttie ~ai~ure o( t~e morlgagor to prompt~y .
! anc~ Ju~~y comply wit~ fhe agreements, slipu~alions, concjifions an~ co~enants oj saitl nole ancl J/~is mortgage. _
~ or eilher; to per~orm, comply u~it~ anc~ et~~ic~e by eac~ enc~ ee~ery t~ee nqrpemrnfs, stipu~alions, concrifions and
i coi~enanfs sef ~ort/~ in saic~ nofe and ttiis morlga~e or eit/~er. ~n Ihe p~~ent fl~e morfgagor Jai~s !o pay when
~ clue ony tax, assessn~erst, insurance premium or ot~er sum of money paya~Ie 6y virfue o~ sait~ note anc~ t{~is
+ morlgag~, oi eif{~er, !he morfqageP may pay lhe same, without waiuing or a~fecting fhe opfion to ~orec~ose ~
~ or any ottier ri~1~t hereune~er, and aU such paympnts shall 6ear interest Jrom clate thereof at the I~ig~esf ~aw-
Iul rafe ll~en allowed by Ihe lau~s o( tl~e Stnte of Florida.
Ii ,
- f± nny sum uJ mon~y I~erpin rhJerre~I to F~e not pro:npl~y paic~ wif~iin thirty days next aJfer
I' 1he sume becomes due, or i( ~ac{t and ei~ery tl~e ayreements, slipulations, conditions and couenanls of saic~
?iote and this mortgn,ye, or eith~r, urn not JuIIy ppr(ormed, compliecl wiih and a6~dpd 6y, fhen t{~e entire
sum mpntioned in snid note, nncl. tl~is morlqage, or tl~e entire ba~ance unpaid tl~ereon, shat~ (ortluyith or
t{~~rPaJler, at 1{~e optinn of the morf_yac~e~, bccome and be due and payable, anything in snid note or'lierein
tu t~~e confrary not~ril~~sian~Iirig. Failure ~y f~ie mortgaqee to exercise any of Ihe ?igtils or options ~terpin ~
~~rui•i~~PC~ c/~al~ nof runstitut~ a wait~et o~ any rig~is or options uncfer saicl r~ote or /~eis tr+ortgage eccrue~ or j
tl~cr~~~(ter accruinq. The nroceeds of the ob2iqation secure@ hereby shall be disbursed ~
as follows: 25 nercent unon ti~e execution hereof, 25 ~ercent unon comnletion of ~
slab, 25 ~ercent i+nen dried in, and balance unon cor?nletion of the building. +
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' ~ --ti ~n ~~tness ~hereof the mort a or has cnused these resenls to ~
jCORI'OR.tTE y 9 P ~
~~l ^y' ~7 = S1:A(.? be executed in ils name, and i1s corpora~e seal to be hereunto a)~ixed, by ~is ~
G' ~ proper o~~icers thereunto c~uly auffeorized, t{ep dny and year Jirst aboae wrilten.
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~TTEST:._~~~~~ --UNITED._PARTNERS.,_.III. _,INC.,_
- - ~ . - _ x . . ~
~i Donald E. , acobson sK.eea~ .
~ $ignec~, sea~e~ a e~iverc~ i?z thP '~r s~n J: / , i
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~
',I gY
- -
- -
i - • - ' . .1 R Rea . P«~~t~enf ~
I ' ~ ` - " - n
_ . . .
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~ BY:
` oland L. ~Iacon Jr. V e r ident
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,
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; i ~~t( ~l FLORIDA
: ~ ~unt~~ Q~ ST. LUCIE
~J
~ I HC:'12F.~BY ('F.1lTll-?' tho~ on ~hl. do , br~orr mr. un ~cer dd awhori:ed in tl~e S~a~e and Count
7 olI Y p a~orewid fo ~ulrs oc~rwu~lydy~
; JOHN R. REA and DONALD E. JACOBSON and ~ROLAND L. MACON, JR.
'i Secretarq b
. ~.rII 4nou~n ?M ~t~ NfP4ld.•~, xAd~flice President .~,~~~;~Ytr o1 ~ti~ ~d,~a? ~.~.d
morlgagw in Ihe (mege.ing ir~~lnunrnt. on~~ IE~oI l~~vr svrera~~y oe~enouarage~ ~,•«~~,~.y ~h~ wrer. in 1~~ prtxnet o~ lu~o subsenbing utitr~ssrs.
i ~1 (rrr~~ ana r~untnn~y un~)~r auttiurily i~u~v reyfr~ in t~rm Ly soid torporulion and Ihot I~t sea~ aj(i~ed I~unlo is I~e Irut corpornte xot uf .
snie~ ~w~wrufiwl.
; tV~~.~FSti my Ew~ arec~ o~lic~a~ sr.~ in t~~ ~ounly and Slalt ~asf u~ortwid Itiis ~qy p~ November
~ :r n ~97'3
- 2f~9559 _ ,
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; st~uciE cou1~TY r«. " .
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: ROCEi POITRAS r, - - - ~
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- CtEf~R Ci~CU1T COURT ? ota P c
~ P.ECOR~ VE~ i; I~~ ~ ~ . , • / , I
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~ ~ 3~ 2~K PM ~3 ~ t-• r -1 V~ - _ I~O}/ COTifTll»'~"1 ~~:-emr;;:r lb, 1975
- ~
i. - Bonded TAr.. AUTO.OWt~iRS I:.~C1::i:~G£ CO.
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