HomeMy WebLinkAbout1744 9. To place and continuousty lrep on the bu~:d,~~ys now o~ hereafier s~t~afe on sa~d iand and on ati cqu~p~nent and perso~ally coverrd by Ihi~ mortg-
a9s, w~Ih all premiu:na ~he~eu~ pa d~n tuil, f~re i~~iurance [n Ihr usw{ s~a~~ord po'.icy form, in a s~m d~.p~oved 6y Ihe AtJRiG,~GEf, and windstorm
insur~nce in 1he ~s~al standard po:.cy torm, in a wm 3pproved by +he b10RTGAGEE. ~n such twnpa~~y or to~npanies as ~he A102iGAGEE may -
diret?; and all lire ar,d w~nJsto~m insurance po~~ues on sny o1 sa~d buiid~~gs, any interest the~ein o~ pa~l th.:reof, in the aggregerz s~m afcresaid w.
in excess Ihereof, shell cont..in the uwal sra~~dard ~nortgogae clausa w such other ctause as the Mortgayee may requ~re, maA;ng tt~e ioss under sa~d ywli-
c~es, each and every, pay~u~e fo said AtORTGAGEE as ~ts interea~ mjy appear, and each and avery such pal~cy sha~l be promptty ass ynrd and det~vrr~•d ~o ' •
any he~d by iaid MORiGAGEE as further secumy ro sa~d n:ortgage, c.cbt, and, not less than ten (10) days in ad~ance of the ezp~rat:on of each poficy, eo de- •
fve~ to sa~d MORTGAGEE a re~~twat ~I:ereof, togeeher wirh a iecr.pt for the p~rmium of auth renewat; and the~e shafl be ~o f~re o~ w~~~dstonn ~nsurance :
p~aced on any of sa~d buildiegs, any infcrest thFre~n u part thereo{, un!ess in the twm and with the lo:s payable as aforesaid; and in the event any sum ' +
of mo~ey becomes payab~e ui~J~r such poGcy or pol~cies sa~d MORLGAGEE sA~ll have ~he opnan ro recr~ve and appty the same on account of the indebted-
neis sec~red he~eby a to permit sa~d MORTGAGOR$ t0 reCeive .tnd uis i1 q eny parl Ihercwf tor O:ner ~;urf~oars, v~~~ho~l th_~~ ui w:.r+~ i,r ui~p~~r- ~ ;
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ing any equ~fy, lien w rigM under w by virtue of lhis mo:cyaqe; and in the event ia~d MORTGAGOR$ shaH fw any reason fail to kcep the sa~d preaiii:~ so ~
~~eured, or fail to del~ver prprnpNy any of aaid poGcies of insurance to sa~d MORTGAGEE, or iait promplly fo pay fuify any pre~n~uin thercfor or in a~y ~
respect (ail to perform, discharye, eacc~te, effec~, complefa, co:nply with a~id ab6de by this covenant, or any part hrreof, said MURTGAG:E may p~ace and ,
pay fo~ such insurance qr a~y part thereof w~thout waiving or affecting any oprion, iien, equ~ty, or right under or by r~t~e of th~s Mor.gege, a~~d tht ~
1u11 a~nount of eath and avery suth payment shall be ~~nmediately dve and payable and shall bear interest from the data thereoi until paid at the rate o1 ~'x
~,ne per canWm pet annum and to7eth~~r v~ith such ~nt.r~sr sha~~ t,e srcvred by the lien of thia mortgage.
1, To permit, commit w suffer no +.aste, impairmcnt a deteriorat~on of sa~d prope~ty or any part fhrrcof.
5. To pay al( and singular the costs, charges aizd expenses, ~ncluding a reasonabie attwney's fer and costs of abstrads of titte, incu~~ed or pa~d at
any t~n;e by aa~d MORTGAGfE, beca~se or in the evenf of the faiiurr on ~he part of ~he said MORTGAGOR to duly, p~~npUy and fvlly parfwm, dacharge.
>xecute, effed, coaipl~te, co~npty wah and al~;de by each and every the stip~lat~o~s, agreements, condinony, and covenanrs of sa+d promi;sory note and ~his
m.ortgage any or e~ther, and sa:d costs, tharges and expenses, each and every, ahall be immediately due and payabte; wheiher w not there be not~te dr
martd, attempt to collecr or suit pe~~d.ng; and the full amount of ea:h and every avch paymrnt shall bea~ interest from Ihe date thereof umii paid at the
r.ve os nine ue~ tanturn per a~»iu:n; and alt said costs, charges and ex~nses inturred or paid, together w~th such inlerest, shall be secured by Ihe lien of thi3
mo~tgage_
6. That (a) in the event of any breach of thia Mortgage or default on the part oi the MORTGAGOR, or (b) in the evenf any of sa:d sums of money
he~ein referred to be not pro~nptty and f~il/ paid within thuty (30J days ne,ct a:rer the same sewera.ly become d~e and payable, without demand or notice,
or ic) in the event each a~d every tne s~ipv:at~ons, ag~eemems. condnions and covenams of sa,d promissory no~e and ih~s mo~tgage any or either a~e oat
1uly, prompdy and fully performed, d.sc~~arged, ezecuted, effecred, cornpteted, compt,~! w~th and ab~ded Sy, then in e~rher or any such event the sa~d ag
q~eqate sum meMio~ied in said promissory nete then remaining unpaid, with iMerett atcrued, and ail montys sew~ed hereby, shall becume due and pay-
abie forthwith, or therea(ter, at the oprSon uf sa~d tdORTGAGEE, as fuily and comp:etely as il all of d~e said sums of money were ong~na:ly af~pu~a~rd
to be pa(d on such day, anyfhir.g ~n sa.d prontiuory note ar irt tn7s tilortgage ?o ihe consrary notw,thstand~~~g; and ~M+e!eupon or thereaher al the op~~on of
said MORTGAGEE, w~tF.out noti:e ar demand, suit at law or in equity, therefore or thercafter begun, may be prosrcuted as if ali mene~rs secu~ed hereby
nad matured pnor to ~ts inst~tut~on.
7. That in 1he event that at the bcginning o~ or at any time pend~ng any suit upon this Martgage, o~ ro loreclose it, or to reform it, or to enforce
payment of any cia~ms herev~~der, sa~d MORTGAGcE shatl apply to the Cour~ havii~g junsd:ctien therrof for ~he ap},o~romem of a Receiver, such Court sfi~11 -
fc:rhwirh appotn? a~eceiver of sa~d mortgaged property atl and singular, indud~ng ail and s~nguiar the i^come, prof~ts, issues ar.r/ revrnues irom wh~tever
sovrte darived. each and every of wh:ch, it be:ng expressly undersfuod, u hereby mertgaged as ~1 spec~f~~aily set forth and describcd in the g~anriog tnd
h;bendum c!avses her~uf, and wch Rece~ver shz:l have all the broad and effective funct,ons and po.•:ers in anywne entrvsted by a Cou~t to a Rec~iver, and
s_ch appoimmen+ sha~i be rr,ade by such Cc+urt as an admitted equ'oy and a matter of absalurr r;~ht io sa;d MORIGAGEE, and withcut relerence to the
ad~yu;,y or inadeq~aty of the value of the proprrty mortgaged or to rhe to.venr~ or inao.vency o( sa[d MORTGAGOR pr 1he defendants, and that such
~e~ts, prof~ts, incane, issues and revenues shall be app:~ed by such Rete~ver ac.ord~ng to the tien or equity of said M02TGAGEE and the practice of soch
Court.
S_ io duiy, promptiy and fu~!y perfer~r,, d~scharge, execufe, effect, complete, compiy with and abide by each and every the sr~pulations, agree:neNS,
.o~rirtions and covenants m s~,d procn~ssor~ r~cte and fh:s mortgage set forth.
9. That in the event the ow^e~sfi~p of the mortgaged peem~i~s, o• any part thereof, becomei vested in a per~n other than the MORTGAGOR, ~the
::OR7GAGEf, its successors and ass~~r.s, may, w'rtho;,t nc'ice to the N,ORFGAOR, dea: with such successor or s~ccessor in interest with reference to this
mortgage ard tne deut hereby sec~red in the same marn;er as w~th Mort~agor without in eny way vitiati~g Or d~scha~ging the tdo~tyagon" Ifabiiity her~
under or upon the deot hereuy sec.,red. No sa'e oF rhe Fr~~r.rses hereby mor!gaged ar.d no forbearance on the pan oF the /\ORSGAGEE or its successon
, or assigns and no extension of tfie t~me tor the payn:~nt of the debt hereoy sec~red given by the MORTGAGEE or its success:.rs or ass:gns, ahail operate
to re~ease, d.scharge, mod~fy c~ange or aifect the orig:nal (~ai~:;,ty of the MORTGAGQR herein, eithet in whole or in parf.
10. It is spec~(tcat~y aoreed ~hat t~me ~s of ti~e essence oF th~s conrracr and that no waiver of any obtigat~on hereunder or af the ob!igation s~
cured hereby shali at an~ time th,reaEter be hc:d to 5e a v.,,i.er of the terms hereof or oi the instr~ment setured herby.
~ ! 1. I~ aud tioa 'o th~ fore~c ng n onth:y }:aym~nrs of pru~c pal and ir.!~•rest re~u:red by the p~om ss~ry ncte secwed hereb,+, mortg3gor eovenants _
and agrecs to pa~ to me'tg3gee :~ah each :ncnrh y pa~~cent an ocid:r~onal svm rst•mared by mortgagee to be equai to T2 Of the annca! cost of the follow-
I 'n~• ,
4 A-All rea! rrope•!y r3xas !e:~_~ or assess•.~~ ~g;~•~s! thc~acovr desc~+~;cd r-a~ esrate.
~ B-P+en.~u rs on f re and windsta:n: ;nsur~~ ce _>s nere~n requ.red to b< carne~ on the im;.rovements s~tuate on fhe above desc:ibed premiaes.
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~ G-Prtr^~v:ns on scch ~no:tg,ge g~a~.,nty ;r.svra~.ce as mortgagee sha;l tro;~. ~ me to ti~*;e cleem fit to carry on the toan secured be~ehy.
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j A4ortgagee shai! trom n.~e to r;m.e ~~cr~f~ rr,o~tyayer en wr~t(ng of the amo~~t d~e and payable hereunder and such s~m sha(I thereupon be due and
f c ayabie on the dve cinte oi ~he r~xr month:y pa~,ne~,t and each success~ve month thereafier vn!i1 mo.tqagee shal! notlfy morigagor of a cha:ige in such
a~•'~ourL Such i~ms s4~.a'.I !~e ~~:,~:.~ca ty ~r.orrgj_;ee fo::ard the payn;ent of real Yrpperty !a~ees, msuraace prem,ums, a•id mertgage g~a:aNy insurance
~ p~emium5.
f IN ~11TPJESS `l:NER;Of, rhe sa:d h10RTGAGCR has hereunto sef his hand and seal the day and year first aforesaid.
! S~gned, Sealed and delivered in the p~esence of: f~L titJ f:Z~C'?t~Ea QACKLI$ ENTERPR IS~, I~~ARATED
; sT_ ~ti~. ~ ~ c~.t;~:~r FDK : + c ~ ~ J~~
~ - - J - + - RL ~ ; - ":7 ~A$ , tr~ ~ ,r ~ r ~
r~ I)
; - ~ ~~F~~ ; ;,p~pT ,r~(~ Frederick B. Guhse~ Pre4ident~~aq
I i cs Le[[l ocrpRq;r. I!.~
" ~ ' (Seal)
! - - _ - _ _ fEe _ b fG u3 ~H '7~ «a~,
2'74121
~ ~TATE OF FLORIDA COUNTY OF ST. LUUE
~ 1 HEREBY C[RTIFY, That on thi, S-~ __day of_______ Febr-~ary , A.D. 19 74
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i before me personally appeared Freder ick B. Guhse _ _
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; respectivefy ;,President 9g~C~r,jc_----- of
Ba k~s'•B~~t,~prises x~_ a--
~ , J~ ~ InCO oTSted _ Flor ida _ Corporation, to me
i - V . ,,r''. " .
; knorv~ ta,•ki~'ifie"p~'riE~jfi,~described in and who exewted the forego;ng insTrument, and ~~r acknowfedged the exe-
' cuti~n ~t r~tdf fo'~ t}~,
°~ree act and deed as such officers for the uses and purposes therein mentioned; and that the~
t.` - ,t
af#ixe~,theceto t~~~v{f`{ciaJ seal of said corporation, and the said instrurr~nt is the ad and deed of said corporation_
W1~T~~S noy~3ia++~#..~c~'.Offida! seal at Fort Pierce said county and stafe.
Thi~.~. •ihs;tt~ilt _pr¢pared by } ~
J • H'~• ~ ~Obj~ t ~ , ~Jr . ~C.~--~.~.-..e.i -
; 1~,
; First Fe[~@Ya~ Savings and L.oan Notary Public, in and for St~t and County aforesaid. ~
r;ssociation of Fort Pierce, filorida N1y Commission Exp;res:
~ Netar~ Pve re. :iJ~a'c ci i'--'2i~ 1
My Co..+misic~li . CCc, ' } ~ ~
~ o: ' . ~ h:...,•: - . U _
; Checked By
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