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Home My WebLink About2246 To plate and ton~inuovely keep on the bui:Jings now o~ hereaite~ •~Waq on said fand and on-ali equip~nent ~nd perso~a~ly covered by th~s mor~g- sgs, wilh all premiums thaieon pa;d in iutt, fire insunnce in ehe wva! ~randaid po4cy ~orm, in • ium approved by Ihe MURiGAGEE, and winJsroim ~~su~+nce in the uiual ~t~ndard pol~ty form, in a sum approved by the MORiGAGEE, in such company or compa~~es as the MORiGAGEE mey d~recl; and all tire and wfnd~~orm insurance poGues on iny of said bui(d~ngs, any infer@sl Ihe~ein o~ part the+eol. in ~he aggregsre ium afae~a~d w eaces~ thereol, shaU cantain tbe usual standard mortgag~e ciause w such other clause as Ihe Mortyagee may reqwr~, makin9 the toes undrr sa~d poli- ues, each and every, peyable Io sa~d h10R1GAGEE ~s ~~i ~ntereat may appear, and each and every wch po~~cy shall be prompuy ass gnrd a~d de~~v-rr d ro any held by said MORtGAGfE es furtAer security to uid mortgage deb~. and, not lcss ~han ten (10) dayi in advance of the expi~af~on of each po!~cy, to da- I~ver to sa~d MORTGAGEE a rcnewa? thereof, toge~her with a rete~pi for the p~emium of :uch renewal; and fhere sfiall be no hre or wu,dsiam ~ns„rance p~aced on any of sa~d bu~ld~ng~. ~ny imcrest therein or part thereoi, untess in rhe form and w;eh the loss parable as aforesd:d; and in the event any sum of monsy becomes payabk ~nder such policy or p~.i~uea sad MORTGAZ'iEE shall have ~he opt~on to receive and apply the same on account of the i~~debted- , ness tecured hereby a ro pe~mi~ sa~d MORTGAGOR$ tc. rece~ve and uae it w any pan ~hrceof tcr otner pur~~oses, ~•+~iho~t rh~.~or wsiY~:~~ cr ,~:~p~~~- ing any equ(ty, lien w right vnde~ or by vinue o~ ~h~s mor:yage; and in the event ~a~d MORTGAGORS sha11 (or any reason fail ro keep the aaid p~emisea so in~ured, or fail f0 delive~ promptly any of said pclK~es of insurance to said MORTGAGEE, or fa~l p:amptly to pay ful;y any pre~~~ium therefor w in a~y reipect fail to periorm, d~scharge, exe:.ute, effect, comptete, compty with and abide by this covenan?, or any pa~t hereof; said MORIGAGEE msy place and pay fw such inwrance or any part thereof w~thout waivir.g w affecting any option, lien, equ~ty, w ri~ht under w by virrue oi this Morrgage, and the full amovnt of each and eve~y such payment sAall be ~mmed'utely due and payable and shall bear interest irom the date thereol unril paid at the rare of n~r~e per crntum per annu~n and to~eiher rvnh such i~terrsf ihati be a~cured by the lien of th7s mwtgage. 1. To permit, commit ot suffer no waste, impairme~t a deter~oration of said proptrty w any pa~f thereof, 5. To pay all and singulsr the costs, charges and expe~ses, including a reawnable attwney't fee and costs of abstracts of title, incurred o~ pa~d at any ?ime by said MORTGAGfE, because a in the event of thr fa~iure on the part of the said M02TGAGOR ro duty, prompNy and futly perform, d~scharge. r,cecure, efied, compiete, comp!y w~th and ab:de by each and every the stipvlaLOns, agreements, conditions, and covenants ot said prom~ssory note and this Tortgage any p ei~her, and sa~d costs, charges and expenses, each and every, shall ~ immediately due and payable; whether or not there 6e non~e da mand, aftempt to collect or suit pending; and ~he fvll amo+,nt of each and e~ery such payment shall bea. in~erest from 1he date ihereof unti{ paid at the rate of n;ne per cen:um ~r an+wm; and a1f uid costs, charges and expenses inc~rred or paid, together w~th auch interest, thall be secuied by the lien oi this mortgage. b. That (a) in the event of any b~each of this Mortgage or default on the part of the MORTGAGOR, o? ib) in the event any o! sa:d sums of money " f herein referred to be not promptfy and fully paid wirhin thirty ~30) days next aiter the same se~erally become due and payable, wi~hovt demand or notice, o~ (c) in thr event eath and every the stipula~ions, agreements, conditions and coveoants of sa:d prom~ssory note and th~s mortgage any a eithcr a~e nof ' ~u!y, prompNy snd fuUy perfamed, d,scharged, executed, eifccted, completed, compGed with and ab~ded by, then in either or any such rvent the aaid ag ~ gregate sum mtnt~oned in said promissory note ~hen ?emaining unpaid, with inte~est accrued, and at~ rtwneys xcured hereby, shalt become due and pay- t a6':e iorthwith, or thereaiter, at the op!~on of sa~d MORIGAGEE, as fu11y and comple~ely as if ali of the sa~d sums of money were w~ginelly st~p~iated to be pa;d on wch dty, anything in sa:d prom~ssory n.,te or in this Mwtgage to the contrary noiwithstanduig; a~d thereapo~ w thereafter at the option of s~:d MORTGAGEE, w~tFout no!~ce or demand, suit at law or in equity, therefore or thereafter begun, may be p~osecufed as if all moneys se;ured hereby ~ n:: maWr pnor lo ~ts insti'uhon. i 7. That in the evem that ar the beginning of w at any time pending any su~t upon ~his Matgage, or to foreclose it, or to refam it, o? to enforce payment of any claims hereunder, said MOR~GAGEE shall apply to the Coun having ju~~sdkt~on thereo~ ~or the appo~ntment of a Receivei, such Cov~t shail Forrhwith appoint a aeceiver ol said mortgaged property all artd si~gu!ar, inti~d~ng all and singular the income, prof~ts, issues and revenues from whatever ; scurce drrived, each and every of wh~ch, it be~ng express!y understood, is hereby mor~gaged as i4 speufically set fath and deu~ibed in the gran~ing and hat~e~dum dauses hereof, and such Receiver sha~l have alt the broad and ef{etrive funcnans and powers in onywise eMrusted by a Court to a Receiver, and s_ch appointment shall be made by svch Court aa an ad~nittrd equity and a matter of absolvte right to uid MORTGAGEE, and without reference to the edequacy a inadeq~ar/ of the vafve of the property mortgaged or to the so:ve~cy or ~nsofvency of said MORiGAGOR o~ the defenda~ts, ar.d rhat such renrs, p~ofits, income, iuuPs nnd revenues shall b¢ applied by such Receiver accord~ng to the ~ien or equity of said MORTGAGEE and the Fractice of such CouA. 8. To duly, promptly and fully pcrform, d~stharge, exxute, effect, complete, camply with and abide by each and eve?y the stipulations, agreements, conditions and covenar.ts ;n sa:d p~om:ssory nott and th;s rr~rrgage set iorth. 9. Thut in the event the ownership of the mortgaged pren„ses, or any part thereof, 6ecomes veeted in a perwn other than the MORTGAGOR, the MORTGAGFE, i~s successors and ass~qns, may, without no!ice to the MORTGAOR, deal wi~h such successor or successa i~ interest wi~h reference to this mortgage and thc debt hereby secured in the sarr~e manne~ at with hlo~tgagor sv,lnout in any way vil;ating or d~xharging 1he Mortgagori liability here~ under a upon the deb+ hereby secvred. No sale uf the Fremises hereby mo~tgaged and no forbearance on the part of ~he IdORTGAGEE or its successws er assigns and no extension of the time for ~he paymem of the debt here6y secured giveo by the MORTGAGEf or its successws or ass~gns, ahaU operate to reiease, d~uharge, modi4y change or atfect the orig~nal liao;;;ty of the MORTGAGpR Aerein, either in whole or in part. ~ 10. H is spedfi=alty agreed that time is of the essence af this consract and that no waiver oi any obtiget:on hereunder or of the obligation sN cured iiereoy shalf at any time thzreafter be held to be a waive~ of the terms hereof or of the instrument secured herby_ ~ 11. In add.t~on to the forego n9 rnomh'y µaymen!s of princ paI and inrerest required by the pr~m ssory noie secured hereby, mo:tgagor tovenants I and agrees to pay to mo-tyagee vv~th each month;y pay~,:em an.add~nonal sum esnmared by mortgagee t~ be equal to l,`12 of the an~ual cosi of ~ha follow- ~ ~ng: f A-Alt real propcrty taxts levied w assesicd agai~st the above desuibcd real estate. B-Pre~-:~ums on f~re and .vindstorm 7nwrarce as ~e:e~n .equ~red to be ca~ried on the ~m;;roveme~ts s~tuate on the above described premises. C-Premiums on svch musigage guaranty insurance as m~rtgagee shall fro+n t me to time deem fit to tarry on ihe loan secured hereby. ' Ido~tgagee shall 'rom nme to t~me notify mortgaga- ;n wr;ting of the amovnt due and payable hereunder and such su~ ahai~ t~seypbfi,~e due and ~ ; ayabte on thz d~e date of ~he next month:y oayn:enr and each success~ve month rhereaher ~r,fi! mortgagee shall noti4y rnbct~§br+b~, ctZan§* in such a^:ounf. Such sums sFaii be a~,~,iied by mortgagFe roward the paymert ot real propeny taxes, inwrance prem:ums, aad mot gage euar~nty_:,jet~urance nremiums_ J` ~ ~ ~ ~ : ~ ; ' IN WITNE55 'r~HcREOF, t said RTGAGOR has hereunto set his hand and seal the day and year first aforesdi ~ ! ~ Spned, led and de'i recf ' e xnte of: N . ; . ~ ~ ~1lfD ~h[ fC3R0E0 BEiVCf K, OI~.S? ~~Gapi? C ~ t~,_ . !t'{ v ST. l~J~iL i~'vUM ~ Y FLA. i i ! ~ . . - i t~!itness ~"~-R~ U~T BY: Vnr •n : ~ f CLFI x ~ t;1- C~ ` t ~ _ r r ; ~ : _ , . _ • ' . ?~~1ti165S ~ ~.~fa~ s. . , Sean i - ) ~ L . . ../i- ! ~ ~.i H ` r5ean ~ _ FE8 I I IG 42 Ah ~~sT: . r . ~G. B. Hutchinson,"Secretary ; - t „ ; 2'74:39~ : . ~ ~ STATE OF FLORIDA COUNTY OF ST. tl1CIE : ~ '•`y=~ : ~ ~ ` - . . ~ I HEREBY CERTIFY, That on this 7th day of February , p. -p,~~s~ qT~_ ~ i 9 : ) s pefore me personafly appeared Vernon C. Rhinesmith and G. Ei . Hutchinsoh~' • ' f respectively President and . ~ • - Secretary" ~ ~ , , Penchmark Construction Company, Inc. ,a Florida Corporat~oq,~~;~.me•''~ known to be the persons described in and who executed the foregoing instrument and severally acknowledged the ~xe- cution ihereof to be iheir free act and deed as such officers for the uses and purposes therein mentioned; and that they ; affixed thereto the official seal of said corporation, and ihe said instrument is the act and deed of said corporation. ' WITNESS my hand and official seal at Fort Pierce , said c nty a state. ~ This instrumeAt prepared by , ~ ; ary F. E1lwood ~ , ~ ' ~ ~~irst Pederal Savings and Loan ~ ^ 5sociation of Fort Pierce, Flarida Notary Public, in and for Sta{e ~~c~C,Q},rrfY ifqr~ip{.-' My Commission Expires: ~ ~ ~ . ~ • ~ ~tlt~ tu...A"::ril.l C~j.:Ai r•.~., ..~i. iii! to~d~Q ~Y Aa~Aca~ F+r~ i~ C+iwb ~i Checked 8y= ~ . C:r~ lr~UL~Vi~ ' 4~