HomeMy WebLinkAbout2623 To pfac~ and con~iexia,sly keep on tM bu~'dr+gs w« a I+e+eahe+ ya,aN on s..+d i~nd and on a~i cquip~*~e~~ and pasa++lly cavc+ed bY ~s nqrq~
~ge, w~tA ~11 prem~wns ~?xreon pa:d ,n fult, lue :ru~rsnce ~hs ~wal s~~rd~rd Fo Ky lwen. in a w~n ~Pru+ed ~y tM MOQ:w1GEf. •nd w.ndsw.~+
~nwrN+c~ in ~M usual srandard po+~cY fwrn, in • swn ~ored by rhe MORTG~?GEE. ~ wd~ companY or compan.~s ~s ~I~s N10RiGAGEE ~tl
durct; and all fire and w:ndsto~m ~nw+a~cs po•ic.rs on v+Y ot sa.d bu.'d,•,qs, an~ ~tres~ Nmre+n or pa~t thereoi, in ~he a;~yiv iots urder sad po~i
in e:cess lhcrcol, sRai3 ca~~+M the usua~ s~a~a+d mo~rgsgee c:a.~se a such ahe~ c~•vs~ p tM Ma~ysgee map requ:re. TdNq :
c~es, exh ar+d cve~y, parab:a ro s+d N~..~itivAGff as .ts .+»c~cs~ +r++Y +PP~~• ~"d ~+=h r~d eYSry ~uch po~~c/ aha:l be p.w*~pt,y +?s 9^ad ~~d d~""~`~ 'O
a~y held by uid MORfGAGFE as fw~her secunrY ~o ss.d nwTgsgc drW. and. not !cu ?han ten 110i d+IS i~. ad+ancs o( ihr exp.r~f,on oi e~cn pol.cy. ~o d~-
I~~er to said MORTGAG:E a rentwai thcreof, toge+hee w~th a re~e~pt fa tlse pe~r+.fm of such rcne+ra~: a~d rhere sha~1 be ro iae w wi~~dstc.~~n inswance
plxed on any ol sa~d bu;~d~^qs, +~Y interes* ~e~n w ps~t ~hrrcci, un.css ~n :Fc fwm and w~ah fne ~ou payabk as afaes+~d: a+d ~n rhe e.ey+t a^lr su~^ ~ ;
of money beca++es P+Yabte urnie~ s~ch po7~cY w Pel.c.es sa:d MORIC,AGff shail ha~e rhe opt.on ta rece~ve u+d spp!y the s~me on accwM of the indeble~ • ~
nes+ sec~red he:eby o+ w perm~r sa~d !AC)RTGAGOitS ro rcce.ve a~~d vse if or an~ F.;•r r~~:euf tor o:rr_r F~rc:,ses. •h"„-': ,~,,.~•~,3 J• `r
~~g any equ~ty. I~er+ or r~ght under a by v~rtue of ~his rno:yaQe: ++~d :n ~he evc^~ s+d 11t7itIGAt',ORS sh~il fw any ceaso+s iaF! to kerp ~ne sa~d p~e~+.s~s so -
nsured, w ia~i fo det~~er ~omW1y any of u~d poix+es of :nsu:a.xe to aad MORT,;,;.GEE. u fa~: p~w++ptir to pay fu~ly any preT,~m iF+erefu or in a+hr
respect iait ro prfwm, d~sch.rge, eae:~~r. effe;t. camp:r~e, caTi:ly w~rh a~.d abde by ~h.s corenalr. or u+y pa+i he.eef, s+~d MOR7:,AGFE }+++y p~+ce r~
pa; for wch inwrance w++~y p++t t~.creoi w+rhou~ ws~vK~q or aifrc!i~ any opr~;,n. ~+cn, eq~.t~. w ~,g?,~ unde+ a by v~n~.e ot ihis 1Ylo«g+ge. +*~d i?K
1 a.rwvnt al cath and e~ary scth Nai+*+rm sh:+1 be ~.cd.ax~y dx a~d p+teh:e u.d s?uiI bear interest from tfi~ date thrrcof w~+! ~ad at the rate o~
. e per :e~~u:n pr a: r.u.n a~d ~~~3r~~ ~r ...~h s.;,:ti .r~:rr~• s'u. e:e s_~c~.:~d 'o•~ ~ne : en of th:s matgage-
1. To ~rmi~, commit or sufier ro v.•as~e, irn~airnurnt p driY~utat.ai o1 sa.c! ;.rcperty w a~y pu~ ihe~rof.
S. To paY all a~d sirg~la~ t!+e costs, c>ca*ges a+~ eiP~+isK- ~~u'9 + reasonabx anorney i(ce and costs of abstr~cts of titt~, iecv~red w p++d M
a~y t~me by sa.d MGRIIaAG~E. becsa+x o+ ;n thr e.et: of :he fa:.,re on si,~ ;,~n of tY.t sa<d MJRTGAW' R to d.:'•Y. {xo~*+priy and fu~;y pe~foreet, d.sc?+uge-
e.~cute, effccf, con,ptNe, ca•~p:y w.~h and ab de br exfi a~d cvcry ~he ar.p~:a~.ons. ag~ee~*~enri. cond.t.ons, and covtn+nts oi sad pra*ussory ~+ote +~'d ~h.s
~.~rigeg2 any or e~fhea, and sad costs. cR~*qes and e:pr»srs, c+:fi +nd crerY, aha.i be ~nv.~~~atcly due and paysble: vr#+erher w not nc~~e be ^e*KC da
.n,nd. attempt to cakct or wit perod~ng: arod fu:2 a~~nt of exh and eye+~ wc~ p+l~^t ~il bea~ imeres~ froen H~e date ttKreof untii p+.d at d+e
. o~ n~n! pt~ ctntum pe+ .n:,,,n; a„e a,~ se.d c~sn. cna:~es as;;e~.s;: ::cu~eed or pa,d. together w.th s„ch ,n~eresL shati be sec~red by the i.en ot ths
mo~fga~l.
6_ That (a) in the evrnt of any b~eac6 oi .i~:a !Vor*9age w de~av:t w+ the paM oi f!x MORiC,AGOR, os ;b) in the eveM any of sa~ su~ns of nwney
~,r~e;n referred eo be r+ot Fuanptly and fv:iy pa~d w~~~.^ th,.ty ~3:~; d~ya ~+rat a*rrr '!~e sa-ne sr+e+a::y beco~+e due ++d WY+b~~. w~tt.wn derrynd w*~et-ct.
(Q in the e+en? each :nd every the sr.pv:s~wns. ag:ee~~s. cor.d.:~o~+s and c~.c~w^'s of sa-d ~ww.:nso+y ++ae and th.s mortgage o~ e~ther ue ewl
7~;y, ptomptly and lu;:y ~rfo:mt-d. d st-~a•~-_d. ea>ci+ed, e'iectcd. co^:~:eted. co~-.'r..rd v+~.+i+ arsd a~~ded 5~, then :n e~lher p arryr sv:h eve~t the sa+d ag
~•cyate sum menT:o*~ed i~ saed From~ssay no'e :ntn rcrr.a:nir.g ~z~a~d. +~.rn .~.ce~e;r acu~e~. +nd a'f mor.~ya secwed hereb~, st~all becoms due ~rd p~y-
e~ e tortfiwitfi, or fherea~ter, at the op':o~ cf sa ~ 1bt~+27~Gff, es f~.~i a^d =o'*'A e:r y as if ai[ of tt,e said wms of moeuy were wg+~+a+lr st:pva~ed
F,e pn:d on s~ch day. anytfi:.g ~n s~ d pr0:^ iiO~y r.ote or n m~s f.t:,r~9ayr ~o ~+~e co~•+ary nu+v~•hsrand.ng: and tF~CilvPOf1 p tFltfEdltN at the op~.on of
s- i t1{ORTGAGEE• N~tf'~•Jt r.o':ce Ot C°'iJ!1d. SJ.t af :aw or en cq~.t~. *he~c~ae or tlx=_aiter beg~~. +^a~ be FYOSCCUted as if ~II moneys Kcured hereby
~ d matured pr~or to :ts ~r.a~~l~'~on. '
T. That ~n ti.e ever:t rhat at t!x beg~nn:ry of w.at any r:~^e oz~+:::~3 a~I s~~` ti~~s Mo•t3age, w ta foreclose it, ot to refcxm it, a to enforoe
_~f of any c 3~~r.s he•eurx:r•. s~+d hSJRTG~v:'_ she:: ayp!i !o tnr Ca.•• ~...y .~••ia c:.cn merrot for the appo.nsr~xeit of a Receirrr. such Coun tf+ail
.h^., ~~n arp;.,•,t a~e:>:,rr c+. ss.d mwtoa3ed r-'ca>-s~ a~~ a:,d S.~^~u:ii, .r< ,d rg j:. ~•-d s r.~,;.x f!se ircome. G*~i~ts, issues x+d reve++ues fro~n wfiateYer
;,•c~• de',ved, e.::~ a~.d r.ery af y?`..c!+, ~r t~ ~g cay:r~as:y .:.os•s~cra .s re-ec~ sPec:f.caity set fwth and deser~brd in the S.an:ing and
~'~-::oum c:suses hrre~`, and wcl: R~ce~vr. sha'! h3:e a:t ri.e b•.;a~ a-d efiec•..e ~~-c: e~s and po~wen :n anyw+se entrusted bp ~ Coun to a Recri~s+, ard
s_;h a;,ppintrneni sh;ll tY made br s~ch C~uri as sr• ao~-+~:t.d eq.::ty and a ra~•er of a~ui~te rght to said MORTGA('iEE, and witF~wt referc~e to d+e
_::_-:,.;acy a inadrquncy of thr va.ve of thr p-operry mo.egaged w ~o •~.e s=..c^c~ e. :~•:a.ency oi sa~d AltORiGAGOa' a tl+e defen~a.+n. 3n~ shat wcfi
~,s, prof~fs, income. issurs a~d reveRVes sh~:! be ap,~:=rd cy wch Rece:.e• x:o~d.ng ~o t?ie i:en a equity of said MORiGAGEf and ~he practxe of sucif
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8. To du:y. Promr•tty and `.u::y pc*:wT. d~S^~dit)C. ~[KUt~, EiTEfT, CP: F~ttl, comp~y w~t6 ~nd ab~ide by each and every the st:Ewtations, ~g~er+rx+?ts.
c~~d:t~oro and cevenanrs ~n u~d promusa~ ^c:e 3:~d cr.~s :'~:+:Cy^3~! se~ l~rrti.
9. That in the evert the o,~^enF.'~ ef r~= ~*-grg!d F•e--~.ses. c~ anv part th?recf. cecomes vested in a penw+ otfier than the MORTGACrOR, tfie
~
2TGAGEE, irs successcn ar+d as=:.^s -ay, ~~'~te 'Q • de3` ^'~h such s.xcessa or successw a+ +rterpt w~th refre:+ce to
r~jge a:ui the dei+t he:eby i=-cu.-~ .r. t^• so--e rr as +..•h .•.'_~ryyy^c~ n.r5;ur i~ ar.y way vit.aring or d~scharg:ng the Mor~gago+s' lialwlrty he~e
or Lpw~ the deW fierebr secvee , c ss r oj r-.• F•c~r.ses ~e•eb. ma•:aa~ed ard ne fo~r,earanet on rhe pan of the f11pR7GAGEE or its sueeess~rs
_~~s:gns and ~o eaTrns:o~ cf ti+e ±F.r ~ay-r-.t u~ deb• h~~ecy src:.re~ g•+.•er. bY ene 1dO3tTGAGEE e~ iri successon or ass~ns, st-at! opetate
~o re a~se, d.scharge, mod:fy cfiar.ge or a'~rct t'a G•>y~c:a' i~a:>. t~ of ~rr_ R.vw:GAGOR he.e~n, either in v~twie d in part_
10. It ~s spec f~ca:~~ a~+red tha~ r: ~+s of rt~ rsse^ce cf ~F~s co~seact a-ed t:at ro waiver of a~y obl:gat~on i+ereunder d of the obtigaiiwi se
c~•rd h.~reby sha~i at any r~me +t~rrea~ir ~x ~e.~ ~o ti a,n~+.e~ ef the se:~-~s ~r_+ec£ or of the :-usrv.-r+ent secufrd he~by- -
11_ In a:;d e:a :•0 1he ioregc -+s o` :.a' a~.d .-~-e•<s' fEa;J~:E`~ by ihe p~om ssory no•e s~~cwed hereb~, mortgago~ eove+~ants
a3.~es ro aay *O :
A'~~?~eE ~,~h ~a;h ~r-c-`•:~., e~~a •~_~n~ ;:.m :s^.-+ i-ei oy .~w•tgaqee to be equal to 1,' 12 of the annua! cost of the fa:io«- _
9 •T
A-A?i rea: r:~perty taxrs :a~~ec y asse4sed ag~. :s' aoare scr..~ rea~ es'ate. -i
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B-Fra•: ^s o.; :~re a~.d 'a7S'7^' ` Cc a5 ' 2• v' ro ca-r,~.d c., thr :r.ry~ov>~ne~ts s:tvate o~ the abore desvibed q(qNiFs i;i -
i • • - " ~ x~~
' C-Pre- s o^ s_ch •-o•,y~e g.,a• r. s: a e as .:~3°a s>; _^e to •.,~e tieem f:t to cnrry w+ t!+e loan secured~~r~~ ~~~f~~~-~
,•,o.rgogee s~a' j-,--~ s:r c!-e -,cr+s-yo- o~ ti~ e--a~• a~_r a=.d peiab:e hereund..x and such w~ shaij, bS ~'1~'
~ ~ ~
~ on tha d,e voe~ c~*e n se F..Te^.t ar~ e_c++ 1~ L°iS~V! ~-~or•*h r-r~eafr_. i,rrii mo.*gagee sha!! nosify monga 'qi_i-d~a~efip s~dG
~ ._rt. SuCh s.+ms s~.a:~ ce a;:F~..ea b~ mM yd_ w~c3..a-d r:t s~~T"n: of rea~ F-.oc~rrf :31tlS. HKIAiMt p~em.utns. a:d rt+O~ft i~K.i/1~
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IN ':11T'lESS '..H_k~Gf, t't.- sa.d N.J~TG:C~:? hes ne:e~ =ro se• n~s F~3f.d a~d s~ai ine (d~a ~ar+d u first afaesaid.
~ $~gned, SeaSed and deS+vered in ti-x ~^es~ce ot: B~ BA~I~ ~F p . n-
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puc i5 3 ss PH' ~~g9322 l
STATE OF FLORIDA ~COUNTY OF ST_ LUCIE
I HEREBY CfRTIFY, That on this .~-day of Aug~st , A_D. 19 , ~
before me personatly appeared G• ~ovten~ as ~SideAt~ a~ Leo~ara I.o~ee, J~hil i?'. I~ee~ '
_ and John M. Davidson, as Trustees, of Bethel Baptist Church of ?ort Pierce, ?2orida, Inc.,
a Corporation not for pmfit under tta la~s of tha State of 'rlori3a, to me ;
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known to be the persons described in and who executed the foregoing instrument, and severally ack~owledged the exe-
wtion thereof to be their free att and deed as such officers for the uses and purpses tt~ein mentioned; and ti~at they
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~ po acj; r~ de~d of said corporation.
atfixed thereto the official seal of said cor ration, and the said instrumpnt is the `a~
.~ii :
~ 1,"?ITNESS my hand and official seal at Fort Pierce , said oQixt~? ~iid3l~a~.' ~
~-f • _~..1*i r,
~ ~.is instrument prepared by
~ '~'r~. F. Braun ,
Nota Publ+c, in a ~,;Sate and ~foresaid.
~ irst ~ederal Savings and I.oan ry ~Ot!`~' -
~ ? s s o ciation of Fort Pierae, Florida My ~°R"n'u'°^ E"P'r~:.:~!~~.L.~:'~?~S
~ `~j'
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Checked By ~ ~~4
~K ~~O PAGf ~,U~
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