HomeMy WebLinkAbout2944 TO plue ~nd ~cn~„~v>~f~r Ic~p ~hr L~,! ~i~~.~: ro,v or hrr~~<Err.: ~itwer o,z ~,~J tand o~.d on aU cryu;N~ncro a•;d personally co+ered by th;~ rtro~~g-
•~e. w~th •tl p~rmwr~ ~I~~~r.~n +.,cl ~n i~U, ~ns~r.,~~cr :n t•~r us..~t sro:~~e•J ~..;cr Form, in a sum a~.proved by the MOR~ia1GEE, anJ w~~dsrorm
ux.:~ance ~n 1hr ue~al s+~:~J~rd ~.u'ry for~~~, ;n a_ur~ a~.pruveJ by thr MORiG~~GEE, in such company o~ eo:npan~es as thr A10RIGAGFE may
d~rrU; and all tire e~.d w.r.u~to~m ~ns~~•o~~ce j~oi~c:,•s on an/ oi si~d bu~~d•nys, any inter.rst thcre~n or part thrreot, in the eygreg,te wm ato~eseid o1
+n eacass ihrreof, s!all :on~.,,n tt~a ~•s.,~~ s~,::.i,~d mo:ry~~ae c~~use or s,,cf~ other c~~~;^ ai the 1,lortyayee may ~equ~~e, mak~~~g thr ~ess urxlrr s~~d Foli-
. rs. cath and ~vrrY. y~,~c:'e to s.,~d ,1'~k:~AGEC as ~ts ~r:r_r.it n:ey a~,pcar, ,,:~d e.;,F. ,~nd r.riy ewh ~,.,~:c~ sF.,.it be ~~ron•Nt~y ass ~~,cJ and dc~ivcrcd to
hn~ hetd Ly sa~d h+O~iG:~:,iE as furrh~•r s.c~~~ty ro sa~d ~~.o ~gaye ;1~pt, a~~d, not !~is .,n ren (101 days in ad..~r,ce of ih~ ea~:i~anon o~ eath policy, to de- ~
~.rr 1o sa~d MORiGl1GFE a~enrv:,il It~~~reof, toyc~rhr~ w~th a rrcr~F,t fo~ Iha p.cm..v+~ uf s~ch renrwal; and ihrre shal! be no fire e~ wi~~de~orm insurance
pl+ced on any of s~~d 'ou~id~~~ys, any ~ntc~est Ihr:eT o~ pan rher~•uf, ~nf,~ss :n ihe !c~~n and w~fh thr ~css p~,aLle as afo~eia~d; a~d t?:e event any sum
oi ~noney becomes paya::ic unJe~ s::ch p~ucy or ~,oE.c~es s.~~d A1UkiGAGEE ahaii have ~he oNhon to rec~dve and apply tha aame on accuum of the ind~bnd-
r.rit Sec~red hrreuy W~a Narm~t s~~t1 IAI;R:~AGI)R$ 10 ~tc~ive and utC i1 Of any rl tii•_:.-ol t,.r o:r.<... ~.u~: tu•i, v.~tir..~t !h ~i. i~: ....w~.i~~ c~ rnp.,n•
any equ~ty, ~ien or r~yhr undrr or by v~r~ue of ~h~s n~c~:yage; and in the ev~•n~ sa d M;~,2iGAGORS shall for any reaso~ lail to k~ep the ao~d pre~n;s~s so -
ns r~d. or fait to d~!~ver pr~mi,fty any ot s~id poLci, s ~f insurance to se:d MrJRIGA~LE. or ra rompily to pay fulty a~y pre~ni.~m ~hrrefor or in any
r~s;•_ct fa~! to perform, J.:cl:a~.~r, execu!e, efiert, canp:c•~~•, ca-~p3y w~~h a~d .b~de b,r th+s co.er~.,-~~, or any p.jrt h~reof, sa~d MC~RTvAGEE may piace a~+d
te~ such insurante or any E;art th~e~.:of N'~1f1pUI weivir.g ot aficc~ing any op~:on, lien, ecyu.ty, or r~_~iit unJer ot b/ virtue of this l,Ilortgage, ar.d the ~
! a~nount O( aach and e~ery sc•h p„y~ve~~l shal! L•e +~n~n~d~afely d~e ai+d pay.~!:'~ a~•~! shall ~ear intrr~it 1rom !hO date lhereOf ~nlil p„id al Ii~e rate 01 t
pr~ [entum per ~~,n~,m e.~! :~_'ii ~ ~~,•h v-. t: u:la n tt sF'~.~ sc.,.rr;1 by liie ..•n o( ~h S rnO~tQa,
4. To penn~r, cenunit w sut;er no west.~, in•p~~r;n~nt cr Jct~r~or;,hen of s:~d p:oF.erty or any pat therecf.
S. To pay al! ~nd si~gi.f~r the cos~a, charge~ ard eapens~s, includ~~:g a rtvsO~~at,te attorney's (ee and ccs~s of ab~t~ads ot IIUe, incurred or pa~d at
ti~~.e by s:.~d A•GR!GAG'E, bEC:WSG or ~n ~hc rvenf o1 rh•• fa wr~• on ti~,• p.irt oi tne s~.d MORTGAGOR to d~ly, promptly and f~~~y perlorm, d~stharge,
~•~:~~te, efirct, cua~p:~te, coi~ply w~tii e~~d ~i~.Je i~y e~cn ar.~ ~~z:y ~i~e 5t~~,,;iat~ons, ayir~~r.~ents, condfhuns, and c~vena~.ts oi Said pro+niisory nete and thii
.,•rga~e any or e~~hc•r, a::d sa d costs, tIIJJ~ji'S •l~ d uxNens~•s. each anJ rvery, sha~I vr i~:~rrd~atrly d~e and payab:e; v~hether ot not there be notite da .
etre~~~pt to cu~~eu or svit pand~ny; ,nd ihr fu~! a~ro~n~ ui eech ,r~d e~e~y s~~<h pdymrni sholl bea• inrcres~ frcm ~he dare thereof vn~il paid at the
' n~ne cier : n;,;•i~ {.~~r au~e,::n; , nc! s..~d .-~,•s, cn.~ ~rs a•:~I .~~,s-:s ~nwrr<d ar Ho~J, toy,~ah_r w~th suth ~+rtereft, shall be secured by the lieo of th~f
mO-tgjge.
b. That (a1 in the event oF eny brcach of tt,~~ ,'~lortgage or default on ~he part oi the YORTGAGOP„ or ;b~ in the event any of said surns of r»oney
i,crcin refened to be no~ pro~~,pNY a~:d t~!~y pe~d w~+l,~•~ ~h.~ty ~3~J d..ys next att~ r t~~e e.+•ne s^~e~a!!y beco~~e due and pa~able, wilhout demand or notiee,
~.c; in tha event e.:ch and ev~•ry !tie sh;,u'at„ns, a•_a:~~~mrnts, co~:d~~~o~~s and co.enants o? sa.d p~o~r:issory note a~xl th~s mortgage any oc eitber are nol
I.:;y. pro:nptly ar.d IJ•`y' ~'°/FGTrllc'a. L S:I ~~,xe.,,r•zd. ~~:~cr_d co:h;: er..d. c:, n~~.~d .,~~~h a^,d ob~d_-d `~y. then in edher or any such eveM the ta~d ag
~~..3at? wm mene,~,~ad sa:d p,o~~~~ssor: nc•e tiirn ze..~a~n;ny ~:Zpa~d •.~,~th iri:r.~.t .icc~~:ed. and ail morevs secured hereby. shall betome due and pay i
fcrthw~th, or th~re~'+cr, ar !he e~•„ i c s,..d h•.JR?G:.v:~, as a:~ co~~,N!~~ eiy es if a!I of t~,: sa~d aums of mo~iey vvere or~ginally snp~;atsd
` i,•• pa:d u~ s~xh c!:.;. ~•:rth~::a :r, s; r:. ,;:.ry rote oc in rh~s A'~rtg3q., to r~._ conrra~y „o~.v:ihs~a~:d~ng: and ~hereupon or thereaftrr at the opi~on ot
s~..i MORTvAGff: v.~:r!.o~.+ r._.r.~e ar ~_n,~,d, s~~t at :a~c or in Ba'J:tY'. ~tlt~tjJ~C or th:,rvettc•r begun, may be prosewted as if all moneys secured hereby
^ :i n~atvred }~*~or to ~ts tnititut.~n
7. Tt+a! in f!,e e.~~:.t .,t a:~., t.,~:.,n •.g .,i r et an~ e p~•~d;ry e•, j s~: t u; c~ tF~s 1~lortgage, or. to foretlose ii, or to reiorm it, or to enforte
_nt of a~V c.,~ s h;..~:.~.,~.•• .._,R'v'.,;~E s},a to i-~~ Co~~~ F~,.~ y;~.-.~ci.c+:er~ ~I:c~._o1 (o: the appo.ntment of a Rece~ver. such Gourt shal~
.:~oh aNpo~•it a . : nf s., ;,.i . , a-,d s: c..,i ~:_a .~•:;i .i~, a~ ;?:e ]nc~m~, Frel~!a, issues and reven~ea irom whatever
~ : c?.:nve~1 e. r l.~•v• ry c.f 1 . ~ 1, y ~d .i L~ c T i ~,d as if s;,ec~i~caily sel forth a~d dexribed in the graMing~and
'd.,~~i c.n~~ses h .~••a ;,~h R..._ : S. ; fn b.,,sd a.d th~•. • f~ ~.,.s _:~~d por:ers i~ anywise enirusted by a Co~rl to a Recaiver, ar.d
s '.jpF~oint:re~ir st~..;il i_e n:a.~•, c~y su-h C~ :rt aa e~ .,d--•~;r..d equ~~y ~rd a•...:~~r :,f ~~te r:ght to sa~d A:ORiGAGEE. and wulwut refererxe to the
~.:-cy or ~nadeq~ac; o~ the va.~e c. ~h~• ~,rc~~•rry m:c~~,~.,yed or tc r.:,. s~ . ~:..zncy of sa~d A',ORiGAGOR or the de(endants, and that suth
, proiiis, ir;ome, iss~rs and rv.en;,rs sr:a;, br ,::,~;;~d i;~ s~cii Rrc.:•.er a,.c~d. a Tu the t~e~ or rq~ity of said R10R7GAGEE and Ihe pracGce of such
- - .rt.
8. To duly. ~rcmp>'y ,n.~ f;,!I~ F.-•ip!rn. :i•sc~.e~_e.e. exec~.!e, e'rfe~t. ce~-.~;:re :c•: ~„t r.~~h and ab;de by each and every the slipu{ations, agreements,
i' o+is ~r,d eovrnan!s .n s; ron~see: y~,,... ,;~c :e~:s n.r.ty S•.t ~ortn.
9. 7Fat in tFe e,.; •t sn~ a~.nerSF,; of r~.e ~,,o;ty;3ed pr~.,~ses. or anv E„rt t~r~of. !-•~co«,es vested in a person other than the MORTGAGpR, the
'.,.:GFc, irs ~;coss~ s ~s:._•,~ r,~•;~~ •::`;;;'•:.,.pc~. ,.:=f, s•.,ch wccessor or wccessor in imeresT w~~h re(erence to this
.}~_r a: d the -i.-;;t hc•e::y ~_:u:_c~ ~n ri~e r~: .~.i~ as r.:tF~ !..~rt~.,:~o• v„+F,_vt ;ny •.vay vit:atinq w d,scharging the /~Aortgagori liability her~
- or ~~:,n r'n.~ d:bf ~,:•reb. s, ~~r. : s: of :~,r ;_~,~s:•s h. r~ ~j •~•c~:tg_y~ ~ a~ d no fo:bear~n~P on the pan of the lAORtGAGEE or itt successors
~ ~ ~~s a~ d~,v e~~r< < o~ c{ r, t•_• ;:ar i' i~ ~<b~ f ,,e,~r:•~ g~~~-n by tne MORTGl,GEE o~ ~ts succesaors or ass~gns, a~~all operate
• ,s?, tl.=cha•ge, mcd,fy c~.a ,~c o, er:~ t t!~e o k~.>...; r~ of r~~r'.GRT`J.vJR herr~~, either in whole or in part.
10. It <_~.•s ti: .E~~ ; aretd ,i ,~i t~:~~e cf esse~~:e of thu co~~srac~ a~,d tt:at no wairer of any ob'lgation hereunder or of the obligatipn se-
•:d hareby s~~au ar any ri~r,e tr,:r~_aiter be r:'d t~ E•, a ~v,:+vrr ~f thc !Arn,s hercof cr of Ihe irstrument sewred he~by.
: 1 !a i~ • , ,+-.,:.~c . - o• . f , ,S ,r •,d _ t i:., •,:f uy the prom:zsory nc!e c~wred hereby, mortgag~r covenants
ag+ees ro ~.ay •o ...-,..g..~•.., r~.h ra h:.e, h v c ,•ent ..d a: su~n ~sr ~!rd mc*iGSgee to be equal to 1: 12 of the annual tost of the foifow-
A--A i ree? ,:rorerty ta~.~s le~~~.' or as~<s~ed ayai.;! th~ aco.~- de~r~~,. d ronl es•ate. . -
g Fr • S~ f..• ~~:.;,os ~ s ;n . q;.~d ru i.r c.,~r~~.d c„ tha .mf:roveme~ts s:tvate on rhe aiwve d~fu+bed pT~rnises. ~
C Prc s c~ .:h ..r~~,~~ g.:ar. :,r sv _<e ez ~ r3aq_~~ sha.i !ro~r r ~.e f~ tnn~ d~•em (it to cavy on ihe I~ap.3ecured,heiebye. ' I
h'.o:t3~g, e s~ : !-~m. ro •~e ~•c~~~~ .,.or+.~.,3~• :r. v.r,i~ng of th~ a: o_~t d,c• and payabte hereundrr and s•.ch w:n sha(1 t}iereu
. pon be dC6; and
e on the cil r;t.~ er ih~ .t .,,o~r y.~y.., nt a.:d e.,c~~ svco~ss~ve rr~onah rk;ereah~r octi! mortqa~ee shall no~'.:y ino~lglgqr of a'thange in~~
-r. Suc~~ s~r ~ s~~a r e'un ~ed c~~r.c ~ t~.,, rd ~t~e Nayn~e~v of re~V prcpe~ty taxes, insurance prem.~ms, and moAH~e"~rat~nty k?fu~~stf
; rs - ' ~ ' c::
~ 1'~ :.'IT?~ESS t,ti;R~vf, tnc. s;~d `1.0~':~-GG< nas t:~re~•~te set nis ha~:d and seal the day and year iirst aioresai~ ~ ` ~
~ S~gned,~Sealed aao del;v-• •d in the presence of: BB~ I~T i~prbRATED
i .
~ - - - _ ~ • ri~ , BYs _ ~ ; . z+',
~ _ . ~
s ,Z-- - _ er C~. esnit~' ~
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; - _ - vAZTBSTs ` C? °f ' =~.~I . . K
- ~ G ~ 8. HutCh3esoc~~ SCCretary rc~e4
- M~? 2. _ T~~ _ _ - - - - - - _ . - - -
~ ~ I I 381~ -
~
x
~ STATE OF FLORIDA COUNTY OF ST. LUCIE
~ I HEREBY CERTIFY, That on this day of ~ MaY A. D. 19~_
! • . ~
' before me personally appeared vPrnpn C, Rhineas±th and r. A~ Hut~h~nar,.,
€ -
~
t respectively President and - Secretary , of ~
F Benchmatk ~onstruction Company~ Incorpor~ted, a Florida Corporation, to m~ ;
e
~ known to be the persons described in and who executed the foregoing instrument and severally acknowled~ed th~ eze- ~
cution thereof to be their free act and deed as such officers for the uses and purposes therein mentior~pd;'~nd that th~y ~
affixed thereto the official seal of said corporation, and the said inst~ument is the act and deed ~.o~ aaid corporst4on. i
WITNESS my hand and official seal at Fort Pierce L~,_ e_ . c? '~L~'~:-• j
- , said county and state:-,
= This instrueent prepared by ~ ~ ~ ~ ~ :
; G a ry _ F . E11NOOd .L c~ ~ ~3- . ~o c ~ ~1 \ - ~ ~
~ Pirst Federal Savings and Loan Notary Public, in and for ~e a~c~ Couny aforesaid. '
My CommissiQn Expires: ~y°ry " t", sr~r, ~s F;~r~~Q o~ ~l~
r Association of Port Pierce~ Fia. Y c,-,,., .
Bond_d _ . :i, 1977
F `-i . - ~ _ C_~.ur'ty ~ :
4
y ~ -
E i.hecked By
~
~ 800K ~.J~ PAGE ~9J9
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