HomeMy WebLinkAbout0929 3. TO ptace and continuousiy keep on the bui'du~gs now or hereafte~ fituata on said land and on ali equipmanl and personally tOVtr~d by thi~ mwf~-
afls, wi~h •11 premiums tF~rreon pa~d ~n f~tt, F~re insurence ~n the u~ual a~andard ppl~cy fo~m, in • tum ap{xoved by ~he MORIGAGEE, a~~d windstorm
insur~nu in 1hs uswl ~tsnda~d pot+ty lo~m, in a su~n •p~xoved by 1he MORTGAGtE, in wch tompany or companies af 1he MOR1GAi~sEE may
direct; and all tire a~:d w~nJseurm inwrante policias on any ot said build.nqs, any interual Iherein w parl Ihe.oo(, in ~M agyreyate wm afwtsaid or
in excess thr~eof, sh:ll contam ~ha osual sta~z~ard morfgayee dauu w such o~he~ d~u~~ as ?!u lNortyagee may requ~ro, ma?ing the loss under ~a~d poiF
des, each and eve~y, p~yab!e to sa~d h1JRTGAGEE as ~ts interaat may appear, and each a~d eve.y such ~,u?icy shall be promptly ass gnrd and de~ivered to ,
eny held by sa~d A10RiGAGEE as iurther ucuriey !o said mor~yage debf, and. not leu tlwn ~en (10) day in ad~a~~ce oi the exp~rat~on o! eech policy, to de~
I~ver to tsid MORiGAGEE a ratiewal thereof, ~ogNhar wilh a receipt ie~ the premium of suth ~tnewal; and Ihere siwll ba no fire or windstonn insurance '
p~aced on any of said bu~ldings, any interest ~herein or par~ tV1EIFJ~, unicss in !he form and with ~he roas payabie as aforosaid; and 1n the event any sum
of moaey txcomes payable v~uic. such policy or pof~ues sa~d MORIGAGEE shall have ~ha ept~on io receive and apply the sanx on account o( ~he i++debted~
ncss secwed Fxreby or to permit sa~d MORTGAGORS to receive and ~se it w any E~.~n the~eo( for oti~cr pViF'pae3, w~ltwut th?.. ui w~iv~n3 cr unpair•
ing any equ~ty, lien w right under w by virtue of 1hi: mc:'gage; and in Ihe evem sa~d MORTGAGORS ~hall fw any reason fail to kaep the uid premisr~ ao
msured, a fail to drtive~ pranpt~y •ny ot sa~@ policies of insurance to sa:d MORTGAGlE, or lail prompNy ro pay fu~ly any premium lhereio~ w in a~y
respect Iail to par(am, discha~ge, exec~te, effecl, cor~p:e+e, co:nply wiih and ab~de by ~h~s coven.+nt, w any par~ hareof, said MORTGAGEE may piace snd
pay fp suth insurante or any part thereo} without waivi~~g er affccting any optiun, lien, equi~y, or righl ~~dar p by virtue ol thia Mortgage, and the ~
f„II amount oi rach and e~ery such payment sha:1 be ~mir~cdiately dve and pafa6te a~~d shall bear interrst from the date ?hercof until paid at the rate ol "
ri~+e per tenrum per an~un: aed to~eu:.~r •,.i•h s~;h uvcrrs~ s~all tx s.rr ~rJ by the ISen of this mortgage. -
1. To permit, tommit w s~ffer no waste, impartmrnt w dcrerioratio~ oi sa~d prcpe~ty w any yart thereof.
S. To pay all and aingular the costs, ttwrges and e.{xnses, includ~ng a reasona6le attorney'f fee and cos~s of abstracts of title, incurred w paid at
eny time by sa+d ~10RiGAG,E, because or ir. ~ne event of fhe 4a:'ure on the part nt ~he said MCRTGAGpR to duly, prompNy aod (uliy pe+form, d~uharge.
e.ecute, effeU, complete, camply wrth and ab.de by each and every the stipula~~ons, agreements, cond~tions, and tove~~ants of uid pranissory note and thi~
.•orrgage any or enher, and sa:d cos~s, charges a~~d ex~;enses, each and every, ahall ba immed:ately dve and payable; whether w nat there be notice d~
rnand, atte~npt to coRecl or suit pend~ng; and ~hQ }vll a~nount of esch and eve~y such paymen~ shall bea. iroeresl Irom ~he date ther~of until psid a1 the
'•+e Ji nine ~v crnt~rn E,er an,~u:n; a:~d ati sa:d c~srs, ci:arges a•id ote,an:es ~~t~rrrc! or pa~~, toyether w~th such interest, shalt be setvred by the lien of thi~
murtgage.
b_ That (s) io the event o( any breach of this Murrgage or defa~:r on fhe par! of ~he !dORTGAGOR, or ;b) in the eveM any of said sums of mon~y
herein referred to be not p~dnpdy and f~:ly ps~d ~v~thin th,rty (3~) days RfA~ a~rrr ~he same severa!ly Lecome dve and payable, wi~twut demand o? notite.
or !c) in the even~ eath and every the st~pulat~nns, agreemenrs, cand~tio~~s and covenants of sa:d promissory note and th~s mortpage any pr titfier are rrot
i~!y, promptly and i~tly perFormed, d s:tiaryc~, exe:~red, e{fectcd. co.r~~;'eted, comp;~ed aith and a~~ded by, then in e~ther w any such event Ihe said a¢
gregate sum mentioned in said prom:ssory ncte then remdin~ng unpaid, w~tn intzre;i acuurd, and atl moneys setured hereby, shall betome due and pay-
ao'c forthwith, o~ tliereafte~, at the cption of ss~d MOi21GAGEE, as futiy a~d iomp:etcly as ii all of tlie sa:d sums of money were orginaqy sripulated
+o be pa~d on such Jay, anything ~n sa.u ~.:orn~ssory note cr in this 6lortgage te lf:•_ cGntrary nOta~ithstanciirtg; and the~eupon w thereaiter at the op~~on ot
s.~ d MORTGAGEE, w~ftwut no~SCe o+ de~r.and, su~t at law w in equ~ty, thereiu~e or thercafter begun, may be prosecuted as if all moneys secured he~eby
r•d matured pr~or to its insfitut!on. .
Tha1 in the event thet at thr 6eginn:rg of or at any rirr,e pending any sv~t u~c+n this Mortgage, o~ to fwectose it, o? to rctorm it, or to enforce
c.;:ment o1 any ciaims herrur.der, sa~d MORTGi+Gc~ shal; opply to the Covrt hav~~~.g ~u ~sd:ct:o,: rhereof for the appointment of a Receive?, such Cou?t shall
r, ~~h.vith appoint a rete~~er o7 sa;d n,o~~naged pro~:~-~ty al~ and s~ng~lar, ind~d,~~g ;;:t ~nd s~<~g~iar e intome, prcFlls, issues and revenues from whateve?
s. ~•cr darivrd, eath ar.d every ot wh~ch, ~t b.~~ng eaHress~y unders~eod, ~s her_by er.crt~;~ged as if s;,euiically set forth and desuibed in the granting and
!.~:endum c~auses hereof, and svch Receiver shai! ha+e a!1 the l~road and ~itfcr.+r fv^.~ a~s a~~d po..e:a in any,ivise entrusted by s Court to a Receiver, and
s.:h aFpointmeN sha? Lr made by sucl: Cvu~t as an admet~~ eqv~ty and a n.atter of a~so~~tc rlght to sa~d MORiGAGEE, and wiihout ~eferente to fhe
a~~cy or inadrquacp of the vaiue of the n.cpc.ry mortgaged or to +he sc v~r;cy o~ .=,soiver,cy of sa~d MORiGAGOR or the defendann, and that such
~s, profits, income, issurs and rever.~es shail b¢ app~ied hy such Recerver accard~~•g ~o the Iien or equity of said MORTGAGEE and~lhe pradite of such
C c „rt.
8. To du~y, ~rpmp!Iy and Iu!!y per~om~. d:sciearGe, execute, e;fect, com.p'ete, co~:~c~; w7ih and ab~de by each and every the stipvlations, agreements,
o ditior.s and wvertanrs ~n sa~d u:omiuory nore o~~d :h~s rr.urtg~ge set torth.
9. That in the ev~nt the o•anershlr of tFe m:,rtga~ed prem~s?s, or an~ part thcreof, 6ecomes vested in a person other ihan the MORIGAGOR, the
.^QiGAGfF, its wccessors and ass~:ins, ~~:ay, .v;:!~ov~ no+;:e to ~h~ ;.:OFiGi.OR. deol v,;;h wch s~ccessor or successw in interest wiih reference to this
' c~~a~e and :i~e debt hereby securrd in tiie s~me n~c~:r,er as w~th htiorrgagor ~a~shour :n any way viYating or dixharging Ihe MOrtg3qprs' liability Ffere-
or upon the de~+~ I~ere. ~ s_c~n~•d. ~~o sa:e o5 E.-e~,~~a.~s h_:~•i,y :no~tgayed ar.d no Ferbearance on the part ot the /AORiGAGEE w its sutcessors
~ ~tvgns an~ r~u earers,or. ei the t~r.~a fo. rr~ pry:r.a~r.t ui t~~e clebt n.~re•i,y sec~red gi.•en 6y the 11!ORTGAG'E or its successws ot au~gns, ahall operale
ro ~r'ease, d:scha~ge, mod~fy ct~ar.3_ or atfect tt~e or~g,n,~: t;ac~i.ry oi rn, ..sCRiGL.GOR i~ere•n, eithe~ in whoie or in part.
10. It is :pec~f+;atiy agreed thaf t~me n of tt:> risence c4 th~s con~ract a~~~ that no waiver o( any obl~gation hereunder or of the obligation sr
c~~red Fwreby shaS: af any tir:e thereaEter be r.,:id to be a wal~er of the *.erms hercof or of the irutrument secured herby.
Il. in aJd~.c,; ih•~ fcr~go:~z •v~r,'~ E,ay~~r~~!s of ;•.r~::c,,~t and ~•~re~_;t req.,~:cd by ihe prom:ssory no~e sccured herrb~, mortgagor eove~ants
agrces to pay to m:o-T~>cee x~th e~_+, rT.:.~:~h'~ :e•,T a~ ~dd,•~o•:,; w~~ <sr • vrect b~ morrgagee ro be eq~al 10 1 12 of the annual cost of the follow-
A-!1!i rcat property t~xes ~i'J!~~ o• d11e5:f'(t ag.3~ st t't~c ~r,ova descr.~:d r,al estdte.
B-P:,:,:: „ ns cn (be ar.d ,n;:~dsce::n :ns~~ 3r ce 3s iic _•~n rcq•,:r~~ to be carr~e d o.~ :he improvements sit~ate on the above d=scribed premises.
C-Prr~~~~~~-s on sJCh ~^orr~:ge 7uA'3^.t'J ~~'sv-a~ce as mc•ra~:;ce sha~l fi,r*• Prne to t~~ne deem fit to carry on the loan secured hereby.
h1or.3a3~=c s^z•~ '•e~r: rh +o ::~„e r.c~:f; :rcn_,~g~. ~n wr;~,rg o~ the a--o_~+ du~r and payable hereunder a+~d such sum shall thereupon be due and
, ,:,i.fe on fh,.- d~e da~e of ~~t ,~xt .,io~.rh'y y.a;~enr and e•,c!~ s~cce:s~ve -o•.r'r~ rhereafter u:vi! mortgagee shall notiFy mortgagor of a ehange in sueh
~~~t. Such su,r.s s~a!i t:e aF:pl~ed ' mor;gag.r;~ tcv.a•d the par~ien! of real prcpe•ry taxes, insurance prem:ums, and mertgage guaranty insurance
.~~t_•~~i:~ms.
IN WIT~JESS '+:HER;OF, the a:d V. TGAGOK has hereu•~to sef h~s ha~*d and scal the day and r' t af ~d_ ,~pq~+++T ~:ir-
i 'q~ Sealed el rzd the
, E i; I~,~~_
' - - By ~ ~ ~l:.
i ~ ~ " ~ ~ ~ i~
i _ _ Attested Byt -`s. --(seaq =
f - " -
~ - - - - - - - se
, _ ~
` - - - - - - - : =~---cT-.
~ ~ - .
~ STATE OF FLORIDA COUNTY OF ST. LUCIE
I HEREBY CERTIFY, That on this Sth day of July i , A. D. 19 75 , ~
~ E~
! before me personally appeared Richard ~lanzbaum and tdatk Stevens ~
~
; respectively the President and the Secretary ` of
~ TREASURE CQAST BUILDERS, INC, ~ " ~ ~ " ~
~ ~ a Flor ida ~'~pq~~~~, fo ~me
~ known to be the persons deuribed in and who .executed the foregoing instrument and severally acknowledge~~t~ exe-
f cution thereof to be their free ad and deed as such ofticers for the uses and purposes therein m~ipnedj, and fhal'~they~
~ affixed thereto the official seal of said corporation, and the said instrument is the act and deed: Qf sa~dlqgrporaition.:~
~ Florida
~ VVITNESS my hand and official seal at Fort Pierce , said county and state.
= This instrument prepared by • ~
~ J. A. Roberts, Jr. ;
~ First Federal Savings and 7,oan Notary Public, in and for State and County aforesaid.
~ Association of Fort Pierce, Florida My Commission Expires: C~~/ ~!9 7~ `
~
~ of Fort Pierce F1LE0 1kMC ~!tC~icDtu
~ ST.lUC4~ ~OUMTY fl~.
~ Checked By pnCE4c FGITRAS t ~ ;
; Cl£RK G'`~~U1T COIfRi /~p~ ~1, R~~ ~ ~
~ A[rI {~ii~; i<<1 ~l¢ 880K'
~ _
~ ~ ,Iw. 31 3 oi PN ' 1~
~ 31~~4~ . .
~ ~ . - -
_ . - - _ - -
a.~,~ ;~.G ~ ~ ~ ~ - - - - - -
~ ~
x
~ ~ - ~ - - -