HomeMy WebLinkAbout2949 ~p~. 1a ptan ~~,1 cau,miw,sly kMp on Hr bvi:diigf oOw o? 1~O~N~IN sft~tts on ao~d ie~~d a,:d on ii~ equip~neM and perw~~lly co+er~ 6y this morl~.
V'th Fte~,,,~,,, ~n~.eo~ P..d u~ (ull, fu~ an~ua~t~ ~n tM ulusi sT~
vlurd ~,oi~cy fcam, in a s~m aHpwYed by tha MORfG iGEE. and windstwnl
a~?*~~ i`~ ~n h+e uw+~ ~~andard pot~c~ lorm, in ~ svm approved by tl~c !I~UR:GAG~E, in such co~npany or compan~es a~ thu MORiGAGfE may t~ J
dl fin a~d wmJsto~in insurMC~ pol~t:ea on any ol s+~d k~.+;Id~r+ys. any in~erest therein or pa~1 thereaf, in the aggregs~e sum afwesaid a
c'~~ t~~~ ~her~f, ~?wll :onrain tn~ uswl sundard mortqapH claus~ a such othe. cteuse as ~he Abrtga~ce rtuy reqwro, m~kioy ~F.e ~oss under s~~d poli
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~,~+r.~OR GAGEE s fuaha~ t cuntyE oa?+idsasa~y g~ debt~a dl•no~~lra~ rhan en~lt01 da s i~ ad+ance' 01 the~e pi ataon9of each ~oec1y?ro de~ f~;
ot~C~ k'd MUO~G.~Gff • renewal theraoi, togr~hea witb •?ece~pl fpr the prem,vn+ ol soch re~xwa!; and thare shall be ~+o f~~e or.wlndstorm irsu~~nc~
s~ry ef aa!.1 bu~+.d~ngi, •ny imeres~ thure~n w pa~~ thrrcof, e.l~sa ~n ~F.a iorm and wi~h rhe Ioss payab!e as afwesaid; and ~n the e~ant any sum
~~ie y~t:ot~es pnyab~e vnde~ such po:icy w po!xiea ia~d MORTGAGff ~hair have ~ha opt~on to ~rce~ve nnd ap~,ly the same on accounl of tAe indebted
i~9 dq ~~r~tl frg•eL/ ~r to permit said MORTGAGORS t0 ?ecrive and uss i1 or a~~y part rl~rri+oi for othcr {,vrnoaes. ~~iNwut th~rau: .vai.~ y c~ nnpair- ` j
~n3L~~ ~Quity, 1;~n cr r;gnt ~nder a by virroe of this mo"flage; and in the event sa~d MORiGAGORS ihall (or any reason fail to kaep the s.'.' prem;szs w ~ ~
~eiF,~~~' f~~it w dr•~.r+ pranpqy any o1 sa~d pol~c.rs of insurence to ss~d T+AORTGAGEE, a ia~i promptly ro pay fully any prem~um Ihcrefw or in a~y ~ r
y e
Aa i ~o perfam. ~i.:: ~ar~e, execure, rlfecf, c~~~let~, con,ply wi~h and abrde by thi~ cove~anf, o~ any part hrreo(, said 61GRTGAGEE may pface a~d '
(u~ ~~~h i^su~~rce or any i.art the~cof w~~ho~t waivi~ig w afle:eing any op~~un, lien, eq~~:ty, or ngM under ot by virtue of this Alortgage, ar+d the
~ a"~"^~ c( cach .,nd erery s~ch paYC~rM shail be i:nmediate~y due and payab~e and shel! bear interest fran the date thereof un~il pald at the rate ot
1'et :en;~T ~er :c•,.~:~, a~~d ~^,7~tt.er v,~th wch in!eren~ sh.~li b~ sawred by thr :~e~ 01 th~s mwtga~~c. I
ta ptnnil, ctn:neit or suftr.. no waste, impainnent or dererioraiion of sa.d property a any part thereof. '
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S• ~o ~..re aIt ~id s~~guts~ rhe casts, charges and cxpensr:, inc.ud;ng s rea:onable attorney's fee and costs of adstra~is oi ~ir.e, ineunr~i Ne:u ai t
'1°= ~y sa•~ A~~.{1~AGEE, becauie or in ehc rvent of thc fa~iure on :i~e part of the s::id MORTGAGUR to duly, p~a~npNy and fu~ly perform, d~uharge
effect, ~;,,t~p?:te, .orp!! w.th and ab.de by each and e•+ery thr ~h~~u!atwns, agreemenn, cortditiorts, and cove~wnts of sa~d promissory note and th~~
''°ge an/ w atcrr, a~~d sa~d wsrs, charges :~~d ex~•enses, each and ever f, shail be in,mrd~aiEly d~e and payabte; whether or not there be notite d~*
` atte~„p~ Io co iact c+ su~t pa~~d:ng; ;:,d rF~e i~N amount of each and e+~~ry wch payment sha~i bea~ in~erest from ~he dare thereof until paid a? the
~ n,ne :;n:,•,, Fvr ~,nc: si~ sa;d co~~s, cnr.ges ao:f ~ai.~~~,s.s i~K~:rrti ar paiJ, toyether w.ih euth interest, shell be secwed by the tieo of this
~~~~ge.
6- TFat fa) in ttie rv~nt of eny breach of this Mortgagc or deFau~t an th~ part cf Ifie MORTGAGOR, or (bl tlx evenf any of said sums of mo~?ey
'Pfer.~ t~ ~y ~of pron.~i!Jy ar.d i~lly pa~d wrthrn thcty t30~ days r.ex~ a*r~i the e~me severalty beconie due and payable, wittwut demsnd o? notice,
! rhe c~en- ea•_n and e.ery ~I~e stipufa!icns, agreemems co~.d~tio:,s and covenonts ot sa.d promissory nole and ~h~s mo~tgag! any w e~ther are no!
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r.~o~:~,:tly arnf ?t;ly pert~..,:~•~. ~j1,har9-'d. exe:.:r~d, etfc:~ed, tom~:leted, co:+~':I~ed v.~rh and a~,cl~•cl Sy. then in Nther p any such event the said ag
wn mert:cr~d ~n sa~d pron~.ssary ~~cre ~nc~ remaining ~rF~~d, wnh in~:.~re~t a~c~~.:d, and a~l moneys setured hereby, shal) betome dve and pay
''''cri~.c~~th. o• t~errifr-~. at iha e -
, ~!~o~ oi s.~~d A10R1GAGEE. as ~u!1y ar.ol ccm;~iere~y as ii all of the sc,id wms of money N•ere org~nally st~putated
F~~:~i on s~ch Q.:y, sn}thir~ m SaCI ~r0'P:uc~y note or in this urtya.jn r~ ~Fe conna:y Ro~w~~hs~a~a~„y; and the~eupon w thereatter at the option of
' '~~'~R~GAGfE, r:.r!,ovt ncr.ce or ~r~~:and, s„~t at law or in eq~rty, therrcw~ o~ N.enr,tter begun, may be prosec~ted as if all moneys secured hereby
. . • e~~r.Ki onqt te :ts ias~~tvrion.
! i1.at 'vi d r ever,r rha~ ae t'ne bry:nr.:r.q c;1 a at a~y fi ~~e per:d~::g any sw! ~pon tl,is Mwlgage, a to faeclose it, a to reform it, o? to enforeR
•~f an; :._~•rs ~<~e:::c_r. s,,id :':Jk1;,:~v:E s~:all ~pF>~r ta the Cucrt t~ar~ ~ ~e:~id,Uio~~ thcreof for the appoiMment of s Reterver, Suth Courf shail
~ F-~+'~' e~.e~ cr :;;d _';ag~d :.rco rt~ ei: o~d s:::•yu'a~, inti~d •,q ,;i~ ~nd s~~rguiar rhe ~~come, profAS, issucs and reve~ues from whatever
S ~ G~.:.'~~~.~f. r-:, >r•c r:rr • ct v~, ~
y .+::~~,~:y caEu..ss:y ~::d:•sic•_d. is h:e~r~y rr,c~+q~~~d as if spec,}icai:y aet for~h and described in the granting and
c:a.us h~::o~, ,rd '>L~F1 Ri'CC~~E'f shal, l~ave ail the b*~ad anci rfirct:v- ri,~ceo:n and puwers in anyw~se e~trusted by s Court to a Receiver, and.
~pc.r,int,nr~~t sf.t~~ te n..ade b a:.~-~: Ccun as i~ .a~•nirh•~ e vit ard o.-atte~ cf absolvle r ht to said M RS A
i _ Y ~7 r y O G GEE, am! without reierence to the
"'-~`-'~~Y ~~a~eq.acy of t~r va~ue o4 .i.; proF,er~y r.:ort9ayid or re ;E~r so.vency or .r-3oi.~ncy of said MORIGAGOR w the defendaMS, and ~ha1 such i
`'S {~rutrts, incur~:, 'sswes and r..•~rc~es ih~Ei lx rpa(~ed by wch Recc±ve~ ao_c•a.:•g ro the !i£n or equ~ty of said MORIGAGEE and the praclite of such ;
.
8 ~a di~tv, p~a-t e'y ~•,ti fufiy Fe~fosm, ds-harge, executn, eifecl, tom¢irtr, cc,~,p,~ with and abide by each and every the stipu~ations, agreements, ~
-•'~.:~~:f a~.d cv-v:r.znc~ ::~.s~~:: p;oa:~seory ncie and ths m~xf~ayz srt forih.
S. i~3t in inc o~=_^~ rF~e ov+r.ers?~;p of the r.to•tg3~ed pre+nisea, o~ an~ ~arT ti:crcc•', becomes vesTed in a pe~son otbe~ fhan the MORTGAGOR, th~
''~~''UA('iF~, i=s w:c-:s,~: ar.d asc~:ns. m:y, .v~;ho,,: rot~te to tr.e 1:.OR~GF.;~R, J;a~ w:th such successor w sutcesaor in i~teres~ wi+h reter2nce to thia
''-'~i~ye ard ti~e dr6! kcr~hy sewred in the saaie rnarner as v.ith :',ortgagor NrtF.out in any way vit;ating or ai5tharging the /dorigagors' tiabitity here-
x uccm tir~ drb+ hF~ebi aecurrd. No s~:~ o} rF:e F~e~.~ses hereby ~n~re~.j~~ and no iorbearance on ~he pa~~ oF the NSORiGAGEE a its successors
~_;~i e-~~ nu eate~s.on of tt-~r h,n~ f~.~ the payn,~n~ ot tha debf h~re: ~i src~red g;~en by Ihe MORTGAGEE or its successas ~ ass~gns, a{~all operate .
d.s `:~rav, r•::.:i~iy c~3r.~f or v'lect the o~ ~g.nat iia'u:1 r~ of rne MORIGAGOR he~ein, e~iher in wF.ole or in part. ~
'C It is s~.e: .+~c ~ 1~ , a~•=--d fhsr .,.r~e is ei the esse»ce oi t! ;s contract and that no waiver oi any obl;gation hereunder or of the obligatior~ se~
rteebf s'^aI: a~ a~i ~i:::: ~ne~eN4TC :.e F.c~d to be a w.,~~e~ of the !erms he:e~f or of the instrument secured herby.
in ;u.i : e, ro vrc, ic, i r~;, fs o~ F r t i,a~ arA ~:t rcz~ •eau~red by ihe prom ssorv no!e Sec~red hereb/. mortgagor eovenants '
e~•.>es ro p,~y ta r,pr!~-+e~e f~ ~a.!: ~ h.r ~ 3. ,r an ..:t_i.•w-~a; svn sr-, a+c:; n~ mo,sgagee to be equal to 1.~12 of the annual cost of the foilow- j
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~ -All ~caf +r_Y:_rty ~a,rt 'ev~cd or ass~ss=c ogx :e! ;n~_ ~bofe destr.!;;d rr-ai estate.` ~ ' ;~.i:i~.~"_: ?
~ s.. ~i ~s t.~ a~.r ,J ~r.su;.~,~ce ss ii.•r..i~ r:•q~.~.r~d tu o=: ta;nrd on the ~mcrov~me:tts s+tuate an the aE]OVC d~SL~+~~fg;l~it`~~.~~~ 'i' (
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~ - p s~n s, h~ .•y.gE n~,ar,;,t~ ~csure~:e as r.,or:gagee sh~Ei fro-: r•r.~e t~ ii~ne deem tit to carry on the loan seey~!l~rye~lpy.- ,-,i ~ 7-.
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'~1o''g~3. s rt~;~,• ro.. e rr.:f~ mert~.~3c• cn v:•it~n~ of the oc~t d~~~ and payable hereundar and svch sum shaN f~eupon i.c d~3d•~ `
~ e on fh~ ,J n. ef ~n- re¦ *:c ;k ~~>;y •m and e„ch s~cc~_ss~ve -~c•~th thereairer ~ra~l mongagee sha!! not:fy mor~qa~ of a mn~ye in i~ ,
~ S~ch w n_~ 3~?-z oy rT~orr~,c-e tov -~•d t}ee i»~n:ent of real proFrerty !axes, insurance prem:vrns, a~x! rqertg~e .gvara~ly y~y~
~ , ~ '''~I~S' .i j~~• ' ~S~i
w`i ~ . ~
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tN WITNE;S :'+NERL~F, th~ sard ~CORTGAGOR has hercu•~to set h„ bar.d and seal the day and yea? first aforesai~.~,.~, +
r , . - :
Ssg , Sea'ed and dr~ivered in the presence of: $$r~C('~j~{,cj'~'~(~j'JI(y1~t!(~~[p _ ` ~~°~~~D ~
i ~J
~ ~~j - ~ ~ ! A4~ -'F'~.~'~1~:~ DYZ ~ ' ~ 4*t . ~ ~~cA
il._EC _Jai'!FLA. ~
~ ~ ~ ,2~~ S DS ,:s ; ~5 ? al~ ~
~ _tf-S. - C > _ i:OI.RT TTBST! ' `t J/ % " _ ~ : ' ~an ~
s - - - . . - - ' - ~ ^~B. Hutchinaen~ ~ecr..ta*..: .s~ai~ ~
y - - - - - ~ -AM'~5 _ _ - _ - - - - - - :
~ M~ 28 II 39 ~ -
= STATE OF FLORIDA COUNTY OF ST. LUCIE ~V~~~~~ ~
~
y 1 HEREBY CERTIFY, That on this day of- , A. D. 19_?S_-,
~ ~
~ before me personally appeared Vert?on C. Rhi~esai~th and G. 8. Hutchinson -
~s _
res wel President and ,.,t~ ' ~~s -
~ Y - _ - $ecretary pf
~n~~ik G.^~.stnction Cavnanv. Incorporat Florida ~ ~i4-4~ ':_..;4~
~ ~,--A- ~ :=C~r~,:~~bon; :t~c me
icnown to be the persons described in and who executed the foregoing instrument and sever.ajt~[;~ ttowf~~;~e exe-
- t l~- ' - 1.: : -
cution thereof to be their free act and deed as such officers for the uses a~d ur ses thef 1n'
P Po ~ ~ne~t~ianedf.~d,~a~ ih@y }
affixed thereto the official seal of said corporation, and the said instrument is the act end• i~d~of. ' ~,j
~ ~ ~ ' J~is ~ ~~,,~b9~~~
a"~ 'JVITNESS my hand and officiai sea('at Fort Pierce ~ '
F3 J_~ ~ G C , c , said couniy and,Yj~t~,~~,=~~'~ .
:r % A "k ~ l ~ 1
' Th3a instruwent prepared , .
i~
x Gaty F. HlltroOd ~ ~--~-t r~~`~ ,.nr~%~ ~
~ FirBt Ftdetal Sav3ngs attd Loan Notary Public, in and for State and County aforesaid.
Aasociatioa of Fort Pierce, Florida ~ y Com?n~ssion Expi~ry T~~t, s~~, ef ~,~;ao or t~:
My Ccnoi s.-.-. f_b. 20, 1977
- - b~d.d : a c~.,,at~r Co. ~
s
~ Checked By
~ OR~(~
~ sOflKF.th7 P1t6E2~
53 ~
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