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Home My WebLink About2037 To pl~u ~nd conrin~ovily k~ep on tM bu~!d~nfls now o~ Mreatt~~ ~itu~t~ on taid land and on ~11 puipmenl u~d pKSOnally cowr~d by thh nwrq~ p~, wilh ~II p~~miwn~ ~hereon pa~d in f~ll, fi~e insvrance in ~hs uswl u~ndard poticy form, in • ium ~pwor~d by tM MORTGAGEE, and wi~torm tn~wana tn ~M uswl u~ndard poliq fwm, in ~ sum ~pprovsd by rM MARTGAGEE, fe wch comp~r?y or con+paniN a tM MORTGAGEE may dindJ ~rd dl fw~ u~d wind~ro~m inswanc~ po:icies on ~++y of uid build~rps, ~ny int~ns~ tFw.~in w part thK~of, In Ih~ pqrp~t~ ppn ~fp~safd w ~ 1n ~:cea ther~oi. sAall cont~in ~he vsvat uandud mor?ga~ clws~ a sucfi o~hN tl~uw at tM Morfp~ may rpv'w~. mak{np th~ lou wwM~ said po1F cia. each and wKy. paYabl~ to uid MORTGAGEE a ih imereat en~y ~ppea~, a~d ~ach ~nd ~wry ~~ch policy ~MU b~ promptlr ass:9n~d and dNiwnd b + •ny MW by wid MORTGAGEE a~ furthar ~eturity to wid monqa~e d~bt, snd, no~ less th~n ten (10) d~ys In adv~nc~ oi tM ~~cpiratla? of Nch policy, ro dr ~ ~ Itwr to uW MORTGAGEE a r~newal th~reof, topaher with a?ete~pt fw tM pr~mivm o1 wch r~ntw~lj u~d th~r~ ~hall b~ no fk~ o~ wiads~am In~wanq ~ plaad on ~ey of said buildings. any intercat thsrt~n a pa?f ther~of, vnles~ in 1h~ form a~d wilh th~ loss p~yabl~ u a(orNaid~ ~r?d in tF» tv~nt ~ny wni • of mpwy bscp~ws payabl~ ~nd~r such policy a polic'at said MORTGAGEE sMll hiw ~M op~ion to rscoiv~ ~nd ~pply ~M ~ on acca,m o( ~M ind~b~.d _ Mu Ncwtd hK~by o~ b parmil sald lNORTGAGORS to nceive and us~ if p any part Ihenof }or other purpost~, wilhout tl?Keb/ waivinp p ~npair ~ irg ~ny puity, litn a righl v~da w by virtw of ?his mortyape; u~d i~ tM ~wnt aid MpRTGAGORS shall fw any rNwn iail to ke~p Ih~ uid pr~mises io ~ Inwnd, p f~ll b drliver promptly ~ny of said policies oi insv.anc~ fo said MORTGAGEE, or fail promptly to pay fully any pr~mium tha~fw p In any t~~p~tt f~il to pMfo~m, diuharge, ~YecWe, eft~ct, complete, comply with ~nd ~b~ by ~his cowna~t, w any put Mrwf, uid MORTGAGEE may plap ~nd j paY fw wch insurane~ o~ ~ny part thereof without waivinp w•fiectinp any option, Ikn, pvity, or riphl undN a by virtw of thi~ Mortyap~, w+d tFN ~ iull wno~rnt of ~ach ~nd ~v~ry ~uch paymenl shall b~ irnrnediately d~e and payable and shall beu G+tereit (~om th~ dat~ tFKreof ~ntil paid at tM ~aN of ~ nir» p~r centum pa annum and to,~ether with such inte~est sMU be secured by ths lien of Ihis mortp~ye. ;,r. 1. To pamit, canmit or sutfa no wasle, impairmenl a deterioration of said propsrty w a~y put 1M?wf. ~ S. To pay alt ~nd unpula? tM costs, chuges and expenses, ii+ctudiny a reasonable attorr?~y's f~s s~d coit~ of ~ban~ets of Htl~. incurnd or paid N any tim~ by ~aid MORTGAG:E, because a tn ths ~wn~ of tM failure on ~he part of ~I+~ uid MORTGAGOR to duly, p.omptly and fuly p~.form, d~xha.~, ~xecvt~. ~tiect. compkts. comply w~rh and ab:de by esch ~nd every rhe ~tipukrwns, ayreem~nts, condiriora, ~nd cowr+ann o( said p.omiuwy noq and ~hi~ mo+tpap~ any w e~the~. ~nd w~d coats. chuge~ and expenses, sach +nd wsry, ihall be immediat~ly dw ~nd pay~bbj wMtMr w not tM.~ b~ notic~ dr mand, attempt to cdkct w wit pend~rp; ~nd the fult amount of each and every such paymen~ shall beu intertst frwn 1M dat~ tF~reof until paid ~f tlK rate of ~ine per centwn per annum; and all said costs, cha~ges ~nd expenses incu~~ed w paid, togetl~er with wch intu~at, ahall b~ ~ewred by th~ Iwn of thi~ mortyayt. Q That in the eve~t of any breach of thi~ Mortgaye w default on thQ part of ths MORTGAGCR, w(b) in tM twnt ~ny of said sums of rtanty her~in referred to be not promptly ar~d fully paid within th~rty (30) days next afta the ume severally becoms dve ai+d payabl~. witlw~t d~m~nd a notice, or W in tM ~wnt ~ach and every the stipulationa, sgreeme~ts, conditans and coven~nn of sa~d promisawy not~ and thts matpap~ any w ~itlw ~n no1 ~uly. promptly s~d fully performed, discFWr9ed. ~xecuted, effected. completed. complied with ~~d abided by. th~n in ~itMr a a~r ~uch went tF» s~id ~g preyate s~m mentaned in said promissory note then ~emeining unpaid. wifh interest acuued. and all moneys secured hereby. ah~ll b~can~ dw and p~y- able fathwith, a thereaiter, ~t the opt~on of said MORTGAGEE, as fuily and compteiely as if all oi ?1?e taid sums of monty vr~r~ aginally sNpulated ! to be paid on such day, anything in sa~d promisso~y note o. in thia Mwtgage to the con~ra~y notwithstsndiny; and thereupon a lhcre~ftN sf tM optan of said MORTGAGEE, without notice or demand, suit at law w in equity, fhcre(ote a thereaher be9un, may b~ prosecuted q if ~II moneys Ncured lweby i?ad matured pna to its instituteon. 7. That in tl+e event that at the begi~ning of o? at any time pending any suit upon this Mortgag~, a fo fontbse k, or to r~fwm h, a to enfap payment of any daims hereu~~der, said MORTGAGEE shall apply to the Court having jurisdKtion fhsreof ior the ~ppoinimenl of • Receiver, wch Co~rt shall Fwthwith appoint a receiver of uid mwtgaged property all and singulsr, includ,ng all and ainpulw tl+~ inoonw, ppfils, isw~s and nwrw~s From whatever wurce detived, each snd every of which, it be~ng expressly understood, is F+ereby mortgaged ss if fp~cifitally wt fOrth and d~Wibed In t1M prantinp ~nd habendum clauses herwf, and such Receiver shall have all the broad and ef(ective funct~ons and rs in an ' powe ywiae ei+trusted by a Cou~f to ~ Receive~, ~nd ~ucA ~ppoi~tment ihatl be mnde by such Gour1 as an admitted equ~ty and a matter of absolute right 1o ssid MORTGAGEE, ~nd withouf relerence lo tM edequacy a inadeqv+cy of the value of ~he p~operty matgaged or to ~Fx sotvency a insolvency oi said MORTGAGOR or the defendanq, ~nd that such rents, profits, i~come, issues ~nd revenues shall be applied by such Receiver sccording to the iien or equiry of said MORTGAGEE and the practice of suth CouR. 8. To dvly, promptly and fvlly perfwm, dixhsrge, execufe, effect, complete, comply wilh and abide by esch ~nd every the stipulatiora, ~gr~ement~, ca?ditans and covenants i~ sa~d promissory rate and th~s mongage set fo~th. 9. Thst in the event the ownership of the mortgayed premises. w sny part thereof, becomes vested in a person other than the MORTGAGpR, ths MORTGAGEE, in tuccessws and assigns, may, withour notice to the MORTGAOR, deal with such succeuor or wcccssor in interest with refereoce 1o fhis mortp~ge and the debt hereby secured in the same manner as with Mortgagp witho~t in any way vitiatirp p dixhuging tFK Mortps9ors' liabiiity hert under or upon the debt hereby sec~~ed. I~fo sale oi the premises hereby mwtgaged and r+o fwbesra~ce on the part of th~ MORiGAGEE or iri suoceswn w auigrn and no extension of the time fw the payment of the debt hereby secured given by ths MORTGAGEE a ib wccessors or asiigns, ahall opKat~ to release, dixharge, modify change a affect the orig:nal liab~lity of ~he 1NORTGAGOR herein, either in wfiole a in put. 10. It is specificalfy ag?eed thar Nme is of the essence of this contrac? and that no w~iver of any obligation herevnder pr of tM obltyafion se- cvred hereby shall at any time thereafter be heid Io be a waiver of ttx terms hcreof w of the instrvment secured herby. I1. In add~tia~ fa the fwego:ng month!y payments of princ'pal and interesl requ~red by the promiuwy note secvred hereby, mortgsgor covenants and ag~ees to pay to mortgagee with each momhiy pay~nent an add~tional sum estimsted by mortgagee to be equal to 1~12 of the annua) tost of the follow- ing: A-All real property taxes kvied w assessed against the above dexribed reat estate. B-Premiums on fi?e and windstorm insurar.ce as here~n reqv:red to be carried on the improveme:?ts situate on the above destribed premises, C-Premiums on such mwtgage guaranty insurar~ce as mortgagee shall from Nme to time deem fi~ fo carry on the bsn secured h~reby, a Mwtgagee shatl from iime to time notify mortgagor in writing of the amount due and payabk heretinder and suth sum shall thereupOp be due and payable on the due aate of the next monthty payment and each successive month thereafter ur.til mortgagee shall- notify mortgagor of a cb~*qe in such ~ amount. Such sums shalf be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mprldli~'!~1~ ~y~y~~e ' premiums. , ~ - ' jRJC i 4 IN WITNESS 5fV1iEREOF, the said MORTGAGOR bas hereunto set f?is hand and seal the day ard ye t ~fass+~l. . • i Siy~ed. Seakd and delivered rhe P.~~ce of: pR ~D i' L ~ -o ~~~oaoEO , ~ ~ = n ~ l.llC~~ .J.iM7Yf1.A. BY: ; 8GG^r =:,~;~t~tS zbin Lai es~ ~ E , _ E~~ ~;~.:~~~i COURT . ~ ' ^3 ifE~::Jc~ AT?EST: ~ 4 ~ % ~2:/,L n T. re t~, - ~ STATE OF fIORIDA 1 •,Z•~' {~~el ~ - ~c f 1 . ~ ~ PM ~ 5 - - - - f~ - - ~ ~~~0 t 3 STATE OF FLORIDA COUNTY OF 5T. LUCIE I HEREBY CERTIFY, That on this day of July , A. D. 19 ~S , ~ before me personally appeared ~rbin Laiminger and John T. Brennan ~ respectively President and Secretary - Treasurer , of ~ CHANNEL PROPERTIES, INC. Florid a ~ , a 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 acf and deed as such officers for the uses and purposes therein mentioned; and that they ~ affixed thereto the official seal of said corporation, and the said instrument is the act and c~ed of said corpofation. ~ „ . ; WITNESS my hand and official seal at Fort Pierce , said cou a}1d~1 f'':. ~ 1 ~ y~-. ~ This instrument prepared by ~ ~ ~ John W. Collins - ~ First Federal Savings and Loan ota ublic, in and {~~$jafe Cctun ~ aforesaid. Associat ion of Fort Pierce My Commission Expir~i t---. = ~C~ i 9 ~6• ~ ~ - ~ ` ~ ti : - ; ~ ; - - ~ f, ''~~'~~~/ho~~~ t~ ~ U R ~~na~ ~ : ~ Bo~~24~ ~ ~~~~~i . , : ~ . ~ ? r r / F y~tt`v^ r'y~ - ~ . . , ~c~' `~W. `'a` ~ ~.,v : ~ss' ~ . s~-~~"~ _ ' ~ d ~ ~ ~ _ ~ ~ _ ~