HomeMy WebLinkAbout0659 3. To p:acz and continuaus~y ke~p o~ ~he bu~ J~~~gs :•o.v or I~e~co~ter ~itwte on s~:d ~end and on •~i~ equipmem and pe~sonally covrred by lhis mortg-
n.~e, with all prem~v~ns thrreon p~.d in full, firr ins..ie~uc i~ liie ~~~a~ sfe:.derJ y;o'K? form. ~n a s~m aE;pro~ed b~ Ihe MORl~a%+'vEE. •nd wu~dsto~m
~~s..rance ~n iha us~al su~~J..rd yoi:cy lorn,, in a•u~n a}.~~~o.cJ by ihe !~1JRTGNGEE, in such cw»pa~~y or to+npan~ei as tha h•.ORIGAGEE may
~ d rect; and all iire and w~ndslu~m insurarce po~~c~_s on d~lj/ oi s~~d tw~~d•nys, any iNer,;it trtc~ein or part thereof, in the ~3y9ragele t~m atorcsaid or .
e~cess ~hr.eof, shali ;~n+.,~n tl+e ~wat st,~ndard ~no:t9~grr c!e„se or s~ch o~h•~r c..wse aa ihe h1o~~gagee may requ~re, R~3~~~~g 1~~e ioss under s.+~d po16 .
.^rs each and avery. Pa~aL~:e ~o se~d A'.ORIi~AGt~ as :ss ~r,~.r,st r.,oy af>pcar, o:,d ~.,cn .:,:d e~e:y svch po~:c; shaU br pro~npt{y assy"c.d a~d d~:~.•~•red io
held by sa:d ~JIORfGAGEE as iurther src~~ity ~o aa~d n~ottgage d::c~, a~~d. nut 'ess i~ en ~r~ i10i da~s ~n ad+.~ncr of rhe eapiref~on o~ each po:~cy, to de-
to sa~d f'.10R1GAGfE a re~x•wal the~eof, ~oye~liar w~~h a re,e~p~ for ~h~• pre-~.~,~n of such ~er,e:.~~: a~~d tn<re :hal1 be no f•re or w~~~:is~o~m inw~ance
i:+crd on any oi sa~d build~ngs, any interest there~n or part ti,e;~oi, ~:;:r~•. in 'hr IOrn~ ar.d wiih 14.e icss pa~.~bie aa aEcrosa~d; and i,~ the r.ero a~~y s~m
:r n,oney becomes patablr vnder wch polity ar po6cies sa;d MORTGtiGEE sfi.3il he.a tAr oF:t.on to receive a~~d apply the aarzie on accou~~t of ~he indacted-
.,~s sec~red hereby o~ ~o perm~t sa~d IAORivAGORS to recrne and use i1 0~ bnr ;.r t n,..••.oi +r.r o;,.•r 4 ur; cses, .•.~~n•,;t th ~~c•:: or ~~~~p~~--
r•~ 3ny ey~~ty, iien or right undar or Ly virt~e of this +ncrgage; a::d in th_ ev~•nt aa d A!J~2IGAGORS shaU `.or any reason fait to kc~p ihe sa~d prem~ses so
~ i,,r•.-d, or f~~l to da'~~~r pro~nptly any of s~~d ~:cLc~_s ot insu~o~~ce to sa J MCF.?GA~•cE, er e_.: ,,:omptly to pay fully any {ue~niwn theretor o~ i~ a+~y
r~ _•ct fail to prr!o:m, d~scharge, executr. eff'rct, con~y~~rtr, c~mply ~niih enJ .~b:.ie by tl~~s covena:~, or any pa~t hareof, said MORiGAGEE ~nay p~ace a~d
fo~ st,ch insur.,nce or any part thereof w.~hovt ~,r~,eir~ ~g or af4-ctir.g anv o;~':an, iie~, cyurty, or r~ghi under w by v~rtue of fi,in Mort9a9e, and tht
a~rGUnf Of Bo:f1 o~:d e.r'y SuC~ (>3/n:~~n1 SRJii C8 iminea~ate~y U.:c' ena pJ~a:vtc a~:u .•r~:~ bcer ni~..~cai ~i~~u ~~~q uoie ~.~i~
F~:r :enrwn : e~ a"n~. , anil te ~._t•:... .•i'h s~.~~ ~~~~~~cs• sF..;i. s_,.c:ad k,y the ~...n o! t1JS mortg+ge.
1. io penni~, c~~nmit vr suffcr r.O ~w.aSiB, i~npdir::+ei~! d~:~~.orot;cn o( su;d pr.~,.ruy or any part thereoi.
5. To pey a:l and singi.la~ tt,Q costs, charges and ?~penx~s. ~nctud~ng a r~ asa~ab!e atromey's fee and ccsts of abstracts of teHe, +ncurred or paid at
• ce by s~~d MOR'GAG~E, bet..~>r or in the eve~u oi ti~e 4.+.I,;re on ti~_ pon of !!~e sa:d ASpkiG~GOR to duty, prompNy and f~ify purforin, d~scharge
I:::+e, effrct, ce~~,plr~e, co ~p~y M~th and ah.Jr by er~,ii and every rhe si~~ ..•a~ ons. agrc~~~~~e+~TS, cor.d~t~o~~s, and covenanis oS sa~d pro•n~ssoty note a~d ~h~s
~~age any or e~fher, a;:d s~ d C051S, CI~3!ges ~~.d e,cpensai, each and •_v~ •y. sha!~ t,e ~~nrr~d:at~iy due and payab'e; whelher w not thrie be no~ice da
atlr~npt f0 co~~eG~ or svit pcnd~ng; a~id the f~li a!r:ovnt o1 cyih and e'-erY ~v~h poyn.enl ShoEi b?:.r interesT from 1hC ddlC ihereo4 u~til paid at th!
n~nr Ne~ c~:,i.,~n ~,~~r s..,d s's. cha yrs a~~ s•_s ::~wrrcJ or F.a~d, to~ether wnh wch ~nt~rrst, shall be sewrrd by the lien of th;s
. r~age. '
a. r?,a~ t•;~ in the ev~nt of any brea,h oi ~Ms 'du:tgagr or d?+3o:t on th~ cirt cr :he b'.ORJG:~G^R, or ;b) in the eve~~t any of said sums of mooey
~e~n reierred to be not Hron.prly ar.d f~i~y Na~d v.rt;rr: th.!ty ~,3J; da~s r:~ at a~r.•r ihe s:rna s.~:ern:;y becc~ne due and payab~e, without demand or not~ce.
in ehr elent e.•cfi a^.ti rvcry the snp~'a+~.:is, agr_•ener,ts :or.d~'io:~s acd c~ver,ants •.~f sa,d F)'O'T+SSO~) note and th~s morrgage a~y or e~ther are no1
.,.ro~~ u~iy ;:erior,n•.J. cf s F;arg• d.:a_:~,•.,e3 e+i~•cr.,d co,.~.;.'rr_~d ..~rd •:.<<h a~d ab•:!_d Sy, then in e:!her or any such event the said ag~
, a wm men!:oecd• in Sd:d ~.:'v:r1~aSG~r n~re „ lBi~~d~:llt!•3 ::'ic~:I, W~IYI ~r.re•~•st .,~d, ond aii moncys setured hereby, shall beccme due and pay-
1torthwith. c~ fl,.,:caf~er, at ~h~ o~ c~ d ~:.JRT':aAG~`_. es 'u ,y c ~s ii a',t of t~a s.,~d sums of money v~~ere or~ginally st~pulated
uad on s~tn c'...:. ,~,y'c:~a d: ,.~s::y no!•, ir• t!:.; ir._rt~~.,- ~c`th~: :o,•.ary no!.v;thst~: d:.~q; and thercupon or ther~after at the opnon of
•:'~~TuAvEE, •r.~ri::~t r.c~t~;. or ,..,,,d,, s. e: at 'av. e• _,.:n~, r~~rr'cre or .._.~oi;rr b~~~n. may be p~osecuted as if all muneys secured hereby
,at~red pncr tc i ist,;~•~o~}-
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7. That ;n r e•:cr.t ~t a! .:r ti,~ t:r y.~ ~.a r.f c;r a; ~ny :•~ce };cr~c~•.g . a; o•, a~~~s Norryage, or to furrc;~se it, or to refcrs: it, or ta enf~rce
nt cf anv c ~.,,~s he•e~ncier , d':.~JRiv~.~_. si~o ,::.~=!r t- t~:. i.^~•+ 1 s:+..c•,cr; •!•_-reot {ur ~he appom!ment ol a Receiver, such Cuurt shall
..:rh a;-p-u~•~t ~ rccc.:~•, o' s:.:i , r.; : c. . ~r: ~ s. , ~ . _ _ ~.d ~ . a~ tc.e ~rco+ne, p~ofits, issues and revenues from whatever
~ :i~nv~d. _z:;h a • :.-ry . . ` . .'g• • ~,-ess~, _ , s., r ~ ~ ; ~ ~~:ci +s spec~ficaity set iorth and dexnbed in the g.anting and
t_.n ~ a~~ses t.~;,o'. _r,d y_~ch k• c- •-r sh~ : F...= a~:~~ t~~+,,.:d ..d tn, c ~rt~. ~~~e ,,ern in dny.v~se emrusted by a Co~rt to a Recriver, and
~~n.,.•e,.• yh.,~~ ce ~..ede +~y ss•:~~Co~rt a•_ an eu ~~i~~~•d c:~•_!t J~. ,d ~ ~r . t ote r:~M to sa~d h'O4SGAGEE, and w~theuf reference 1o the
,..y c* ir,~>;i-~:;uat+ of,trte va,ue ci ti~~• :-rc~,... , rn~~tyegrd or reren~ s:-~. c~ _ ,....._r.ty of sa~d .•'.1JRiGAGGR o~ the deter,dants. and ihat such
,..:`s, inc~~i~a, :ss~~^s and :e.env~s s'r~~~t 6e a~.,n•ca ty s~ch xcc_~~.er •~7 ~ho l.en er equity of said h50RiGAGEE and the practite of sucA
3. ic c1~~y. prc-~e ~'v .:^d fu. ~ c:er'or,.;, d:;cF,a•~ . e.r~a,te. eif~.r, c~~rr,ere, c_..:: ; N~rh ar.d abide by each and every the ssipulations, agreemeNS.
. -:5 .:(:~l CJ'~..~~ii.. 'n ._..1 ri J:Ti~55'J'y ~:C~ 1.~:5 1~... :~.1•~Q S!:t tJ'}.^..
.t r. . „ c:-,t :ti.,, o:.r : , of _ _ ^c.d Fre. ,n^s. o~ ~ ; .,•t ~h~ :._cf, crcomes vested in a pe~son other lhan the MORTGAGOR, the
,•s _ „_•s i , ~ . , . ,.r . . r'~.. ~t i; d_:, .~,•h s~eh svcc~ssor or wccessor in interest with reference to this
~ „ , _ . ,r, tF-_ - . • ns v..rh '.,.:•rg,^or :.>ut :n a•~~.~ ~xay viL~'ing or d~scha~qing the !1lorigagori liabilify here
r. • cf.:.!I. . c-`_ ~r. i.,s F,._r..;,, ,~..~t::~4~d _ d no fcr:ea~ancc on the parf of rhe /J4QRiGAGEE or its successors
, _ z. . , „ - r, • . ~ ~ _ , , . ~ ro~ r _ '•,!r r . . _c ~r.~ct q:.en i,y ~he :.10RiGFiGEE or ~ts successors or ass:gns, a~~all operate
~ .sJ. d SCh_._~E, n ^..U~.~~~ ~ .r ~3e C~ ..','j,~... .i.,.. ~ .l _ iv,.:nivia,)~.rc i:eir~~~, riii~e~ ~n r.uvee i.i u No(~.
10. It ~s s; `tc>~,y _:~~d r.~ar _~s of :sz-: c~f ,-s co•~;ra~t ~nci tna~ no waiver of any ob~lga!ion hereunder or of the.oba~gation se-
~:i•by S'~d.: di a~, .•.~i,._,~a'!r: .~~l ; ~ a ...:i.or uE rne 'e:nn i.e~e~~f o+ the i:~stru~~ocnt se:ured he~by. i,,, ' •
• . . .
~ t I,> > . s . , ~ , . , _ i • . , d c,y ~h~ p,.;.~; ;s~r~ ~ o~.~ sc-u,ed he~eb~i: ma+!qa9v~ FOLenants
~ - c ~ ~ - . ~ , . . , . . s:.~ - 1 c,i r,-,o~~y ~~ee to be e ~ual to l . 12 of ifie~nnuat eop pf t~tCiolJyw-
~
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r S s • 3 c b• uv=me~ts s~r~ate cn th~~ abaes tlex?~f~e~' premiiea ~
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, ~ p , ~ ~ ~ , ~.s . a : s ~ • . •d em fit to carry on the loar?'sb~fed hereE~iY• :
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~ ~ ~ s . e ~ ~ _ _ r. o :I .psydb~e he: evnder a ~d such suriy,ttlati' thereupoa~.~}~ut: and
.h~ c~.. .t a,~:l r.,ch su__ _ n o~-,ch •r ._.~~v~r ~rfii mortg~3ee sha~l not:fy mpn~gor of a eh~qe~~3~ such
~ c,. ~ . ~ ~ - + - ~F ` ' r;;xes. ir.surance re~n•ums, a~x~-,Otort A• eYfk nsutance
{ . _ ch s...?s c^;,; c , r . . t , ry.. , ~ _ a-:, vz:. ~,~~:.~e•~! o. re•,: rrc;.e; . P , Qa9 9Vriti ^1_
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1'J :+'li?.[:S :.H.`.R~G~. sz f~~~:%~tTG~~~u2 has hcre~^.to se' nis h3~.d ard s_ei the day and year first aioresaid:
~ S~gned, Sea!ed a~d d•~'~ti~e
~d the p~esence o~: ` CANEER BJILOING CORPORATION
y • FIlEO 1?M~? RECQROED ^ ~~a~~
~ - - - - - .lUCir :CU1~TY fU- 1
t~. • =~s
~ _ d~i_ fi1:oE'r.. sRAS BY: ' ' (Seaq
~ -
i 1 CLEF~'• ~~~~j ~~~RT 1. Jac Czain, - esident ~~a~~
„ - - - - R~CQA'r vrs - If 0 _.~-r- A'TTEST • ~ (Senl)
~ - - - ' 2
3 3s PH :`fary L~ Crain, Secretary
~ UF FLORIDA
~ ',r~
~ STATE OF FLORIDA COUNTY OF ST. LUCIE ~~~u~~
~ February 75
I HEREBY CERTIFY, That on this day of- , A. D. 19 ,
_ before me personally appeared Jack Crain and Hazy Lee Crain
~
respectively _ President and Secretary - , of
Succaneer Building Corporation ~ 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 mentioneci; and that they
- affixed the:eto the official seal of said corporation, and the said instrument is the QFi~`arrd~~eed of said corporation.
_ - • t l f.
`•1VITNESS my hand and official seal at Fort Pierce , sau~"~au~ aRC~4tate. .
- _
This instzum~~~nt prepared by ' '
John Coll' aforesaid.
- 3 6irst ~ecera~`~avings and Loan otar ublic, in artd:f~[.State .Coy ~
~~i Association of Fort Pierce My Commission Expi~'r,. C r "'r
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- o~~7P~ 6~8 .J ;
~ BO~K '
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