HomeMy WebLinkAbout0904 '3. To plece and coneinuou~fy keep En the bui:d~ngs now o~ he~refter s~l~ate on ;a~d ~and a~x! on sli equipment and pe?sonally cove~ed by lhis mort¢
e~e, with all premiums Ih~rcon pa~d in 1u11, hrn in~wanca tf~e ~s~ai •renda~d F.o~~cy form, i~ a wm appro~ed by the MORTGAGEE, and wmdstwm
~m~~snce in fhe usva! sianda.d poi~cy lorm, in a xum approved by ~he MORTGAGE(, i~ such tompany or cahpan~es at ~he MORTGAGEE may
d~rett1 ~nd all iirs and winas~o~m insurance polkies on any of si,d build~ngs. any intcres~ there~~ a p+r~ ~hereoi, in tfie ~yy~cgete sum afaresoid or
in e:ceu lhereof, sh~U contain the uswl sta~~dard nror~gagze c~auie w such othrr ct~use ai tM Mor~gagee msy rcqu~re, mak~ng the io~s under sa~d po~~
c~es, eath and every, parable to sa~d h1pRIGAi;EE as ~ts inwreu may appear, ond rach and e.ery such poi~cV ahall be promptly ass gnrd a~ul deliverc~! ~o
any held by sa~d h10RTGAGEE as +urther ~rwrity ro sa~d mcr~gage debr, and, not iess than ten (10) days i~ ad+an:e oi ~he expuat~on oi eac~ po~~cy. ~o d~-
Gver to said MORIGAGEf a re~~ewai thereo(, ~oge~her with a rece~p~ for the pre~nwm of such rene val; and there siwll be ro f~re o~ windstonr insurant~
placed on any of sa~d buildi.gs, •~y ~~Serest therein a~rt +he•rof, ~niess ~n ~he form and with the loas payable as a{orasaid; and in the event sny aum
of mortey becoo+e~ psyabl~ undar wch policy o~ po~,ues said ASORTGAGEE ~h,lt ha.e ~he opnon io receive artd apply ihe same oo accounf of the indebted
ness aetured hereby w ro~xrmit sa~d MORiGAGORS ro recrive a~~d use it w a~ry ~~e~t th_•rof lor e~h~~~ F~i~.c~ses, v~.tl»ut ~h~r.o: .va~v~.*~ o~ ~~~~p~~~-
i~g any eq~~ty, lieo o~ right undcr a by virtue of Ihis mo:tgage; a^d ~n the event sa~d A10RivAGORS shall :or any reawn fail to kcep ~he ~aid p~ern+sef so
inwred, oI Ieil ro delivrr pranptly any of sa~d po~~ues oi insurance to aa~d IAOkfGAC-~E, or fr.l pr~~mptly to pay fully any p~e~~~~um tt~erefor o+ in a~y
res~ect feil ro per(orm, d~uharge, execute, efFett, comp:e~r, ce~~~p~y wnh a~~d ab~de bv th;s covenaru, or any part hareoi, sald MORTvAGEE may piace a~~d
pay iw such insurance or aay part ~hereof without waivi:~g er affccting any op:~on, {ian, eqwty, o~ right unde~ a by virtue of this Murtgege, and Ihc
fvll amoum of each and e~ery svch payment shat! be ~~nmed!ate!y due erx3 payaL'e end sha1~ txar interest from the date thereof uniil pa~d ai the rots ot
~~~:+e pet trnwm pC~ annum ond tugrthe~ wiih svd+ ~.~:t'rs~ shii; sa:c~~~d by the .~cn of th~s mWt9age. .
To permit, commit or wife~ no wasle, in~pa'umrnt or detrriorat~~n of sa.d p•operty w any part thcrecf.
5. To pay all and singvisr the coats, charges a~d e~ixnsrs, in:lud~ng a reasonab!e attomey i iee and costs of abstrads of title, incurred o~ pa~d at
iny ti~nr by s~~d MORiGAG;E, bec~use or in ~he event of lhe ta.wre on ti~z pa~t of ~he :aid MORiGAGOR to duly, promptly a~d fu~ly prrform, dixharge.
ex~cute, efiect, compiete, :omply wah ar~d ab.de by aach and ~very ehe stipvlat~ons, ag:ee~ne~~+s, conditions, and covenants of said p~omisso?y note and thls
,;.~rtgage any or e~~her, and a~:d costs, charges ar±d rxFenus, each and eve:y, sho~~ be ~:~~mrd~a~ety due and payab!e; whe~he~ or not ihere be notice de
n,and, attempt to collect w wit pend~ng; and the E~II amo~m oi each and e•fery a~ch poyn:ent shall bea~ intorest from ths dste ~hereol until paid ~t the
•.•re o+ nine pea centum prr anne.cn; an~ ait sa~d cos~s, cna.ges e:,d e.uruses :rK:,:red er pa~J, tc~yzther w~th :uch imerest, sAal1 be securecl by tF~e Gen of this
mortgaye.
b. That (a) in the event of any 6reach of th~s Mortgaye or default on thr pvt et thr A10RTGAGOR, or {b; in !he event any of sa:d sums of money
herein referrcd to be rtot prompdy and fu~ty paid ~tinh~n thvry ~3~! daya ~~eat a:rer rhe same severe'iy become dve and paysble, witFaut de~nand or noti[e.
er in the event each and every ~he stipu~aficns, agrerme+~n. cond~t~an and covenam: ~f na d promiswry note and ~h~s mortgage any u either are nd
i~!y, prompily and f~lly pe~forrreed, d.scharged. exewred, elicctcd, co:nplett-d: cor.';; ed .•:.!h and ac~ded 5y, then in e~ther o~ any suth event the said ag
~•cgate sum menhoned in said promissory note then remain~ng c~pa~d, w~rh intera~t a:c~ued, and ail monrys secured hereby, ~haq betwne d~e +tid p~~
eo e fonhwith, w therea4ter, at the optfon o+ sa~d MO~TGAGEE, as fuiiy ard iompiecc.V as ii all of ~he sa~d sums of money we~e originatly sGpuleted
!o t.e pa:d on svch day, anything in sa.d prcm:sswy note o: in this Mo~tgaye to thc conrrary no~w;thstanding; and thereupoo w ~hereafter ~t the option of
s~;d ASORTGAGEE, wrthcut nor~ce or demand, suit at law or in eq~+ty, thereEore or tRercaiter be~un, may kx proaetuted ss if all moneys tecured hereby
n:~ matured Hnor to iri ins~itution_
7, That in the event that at the beyin~~ng ef or at any nme pend~nq any so~t vnon th~s Mo.tgage, or to foreclose it, w to refwm it, or to enforce
c;.~v^~ent of any c±aims hereunder, sald 1.tORTvr+v~; st.a:I sppty w the Co~~t F.~+~~-•y iur„<i.:::ors ihe,eot for ~he appo~ntment of a Receiver, such Coun shall
_~•'.wish appc~nt a receher of said r:or!yayed prc•[ ~rty ~~t a•ed s~r.gu!ar, ;nclveJ:ny a,~ .^d s~•yuiar ti~e ir.come, profi~s, iss~es and revenves from whateve~
s~~rca deriv~d, each anJ every of wtrc~, ~t Le:~.g ~cyess'y unde~s.ocd, is ir:~~~~~ ~-:-•J~)~9rd as ~f s~et:f~cally set fo.th and described in t}x granting and
i.~o_ndum c?auses F+e~~raf, ard w.h Rec~i+er sha'1 h„e al: thC b~0](~ er.d e'~rc::v.• fc ~c~ .;ns and powe~s in anyw~se entrusted by a Court to a Receiver, and
s. :h appoimment shail be ~nade by sJch Co~:rt es a~ ~dm;~red eqv~ty and a,na~~er oi z~sc~u~e rghf to sa~d 610RTGAGEE, and wi~hout ~eference to the
+~~equacy or inadequacy ot the va:ve of the p.operry mo~tyzgeo or to ri~e so..~•~~cy v* ,r_o~vency oi sa~d NIORiGAGOR or the defe~dants, and that such
r~~•~n, profits, irxome, issues and re~rnues shah be app!~ed by su:h Recz~ver a;wra;.,~ ~o tnc lien w eqvity ol sa:d MORTGAGEE and the p~ad~ce o( suth
CouA.
8. To du+y, prompt~y and lully perfcvm, discharge, executr, e?~e:t, comotete, c.;n~F~Iy with and abide by each and eve~y the stipulations, ~grcem~nts,
c;,nditio~a and covenants in sa+d prom~ssory r.ete ano !h;s ma tgaye set fr. th.
9. Tha~ in the eveat the cwrership oi th~ rao•tgaged pre:n•ses, cr any part tnereof, Eeeo~nes vested in a person other than the MORTGAGpR, ihe
.:~RTGAGEE, its svco_sscrs ar.d as_~yr.s, riay, ~ti~:hcu~ ruCce !o i'~e :',~~~T;,:.OR, 4ca~ wu6 such wccessor or wccesw~ in interest with reFere~ce to this
o•rgage and the deb~ hereb~ secured in the seme mar.r.er as x~th 1'Aortgagoe w~r4+~~t in a++y way vit:atirg or dixharging the Nlortgagors' liability hero-
~er or vpon :ne d..~bt hereby sewred. INo sa:e of t'r,e F:e~:~~ses h,~cby mo~~gayed and no'forbearante on the part of the MORTGAGEE a its sucteuws
asvgns and no eatens~on of rhe t~me fvr ~he G3jfmrr! ot tt:e d.,ct hr~e: y secur•_d g:~en by the IdORTGAGEE o~ its successors or au~yrts, snail optrate
ro release, d~scharge, mod~Fy chan~e or afiect the o~ig.ua! tia~.li:y o~ t~> N~ORTGAGOR herein, either in whole or in part.
10. It is speuficjlly ag~eed that t~me is of the e:sence of !h~s con:ract and th3t no waiver of any obligat~on hereunder a of the obtigation sr
c~red h..'reby shal~ a~ any time thereatter be held to be a war~er of the terms hereof or of the instrumeM secured herby.
11. In add:~~oa to the foregc mor,thiy payrn^nts of pr~::c pal and inrerest requ~red by the prom~swry no!e secured hereby, mortgagor eovenants
,•:d ;grees so pay to nertgsgee ~ti~:h each rcvmh y pay: ~e•rt a~. ad.I.• c~,a~ svm _s~ a~cd b~ mwtgagee to be equai to 1 j12 of the ann~al cost of the fotbw-
A-All real properry ts,~es lev~ed or assesseci ayai•~st the ai~ove dc'SC•~~:f~ real es~ate.
i B-Pr.m<~ms on :ire and w~;~dstonn inscira~'cr a> hera~n /••qu:+ed to be c.:rri?d or. the imrmvements s~tuat~ on tFte above described premises.
i C-Premiurrs on svch n:or~g3oe g~arantv ~r.swa~.ce as mmtgagee s~a:l frcm. t,r^e eo Kme deem fit to carry on the loan secured hereby.
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~ M.ortgagee si,ali 'rom rr~c to t~:-•e not~f~ mcrr~.,gor ~n u.~rng o~ the a::o~~t d:,r and payable hereundrr and suth sum shall thereupon be due snd
~~b:e o~ the: d~e cv±e ef tne 'ext o~o~e'~:y payn~~r~t and e..ch sutcess~ve ~•o~~'h th.~:eafter until mortgagee shal! notify mo agor of a ehange in sueh
{ •-,~m. S~ch s~ms shail be appiied by morrg.,g•:e !or.a:d the payn,ent cf re~l prcperr~ taxes, insvrance prem.urra, and mortgage guaranty insurance
~ ~...:vms_
~ YITNESS YLN.R~Of, ~~e said M.OFiGAGCi~~~~R~~y~~~i ~~+`d and sra~ the day a year fi
~$fa: livered "n the prese ~~~UCIE ~OUNTY FIA. . C~~~ dN CORP.
~ 5 ROC£R : ~tTRAS By: ~ •q
- CLERK G{3CUtt CCURT . e r, as r;
_ ' ---REGO?nVEa+F1ED~-Attest• ` ' '
- Z~ 3 47 PM ~7~ Ys . e _ s ~r~ .
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STAT~ OF FLORIDA COUNTY OF ST. LUCIE -i~~
I HEREBY CERTIFY, That on this day of September ~,,p~, p, tq~,
before me personally appeared D. J. Heller and ~~arlys A. Hellpr '
respectively President and Secretary • ~
FT. PIERCE CONSTRUCTION COAP. ~ a Florida Corporation, to me .
~ known to be the persons described in and who executed the foregoing instrument and severally acknowledged the exe-
cution thereof to be their free act and deed as such officers for the uses and purposes therein mentioned; and that they
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affixed thereto the official seal of said corporation, and the said instrumeni is the act and deed of said corporation.
WITNESS my hand and official seal at Fort Pierce , said county and state.
This instrument prepa red by . -
John W. Collins Notary Publ J aforesaid~.~-.
" First Federa 1 Savings anc' Loan , in and for State artd~~unty
M Commission Expires:(~~ ~~.f~ t~~., =
Association of ~ort Pierce, °lorida y _
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Checked By ~ - ~'J
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~ Bo~K232 904 .
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