HomeMy WebLinkAbout1549 To plac~ ~nd tontinuously ketp oe~ rM bu~~d~ngs now w Fwnai~~r si~w~~ on said 4nd ~nd on ~11 equipn?~nt ~nd p~noMih wvK~d by ~his mortp~ ~
p., wi~h atl p..miwn~ ~M?.on pa~d in full, fir~ insw~nce in ~M uwal s~andud policy fam, In • sum ~pp~ov~d by tM MORTGAGEE. ~nd wi~twin ~
{nwrw~o~ M tM uwal sunda.d pol~cy fam, i~ a wm approv~d by ~he MORT(tACsEE. in wch tomp~nY w~ a~ th~ lNORTGAGfE m+~r
~iir~cl~ ~nd ail tU~ .a~d wi++di~+srm iniursnc~ po1kH: oo ~nr of said buiWi+~pf„ sny trthre~t tl~~in or pN? tlNnoi. M tM pp~par~ ~wn afores~id a~ ~
In ~xau ~Mnof. sMll cone~in ~M wual ita~dard morq+pN cl•ua a such otMr ct~ua~ ~s tM MappN may r~quin. nwkinq tM loa ueda ~a~d pdF
cia. ~ach u~d ~wry. paYabN b ~aid NtORTGAGEE a~ in intKest may ~pp~+r. and ~ach ~nd wNy ~uch polky .a.u b. aonyah .w:~d «+d d.aw~.d a,~' ~
any Mld by uid MORTGAGEE u tur~her security ~o said aialyay~ dsbt. ~~d, not Ihs ~hN+ t~n (10) days In ~dvanu of ~M tzpi~stion oF Nch policy, to dr ~
IIvM eo uid MORTGAGEE ~ r~n~wal tMrw1, ~ope~Mr with a rec~ipl fo~ 1M pr~niwn oi ~uth ~~new~l~ ~nd ~her~ sMll b~ no fin a wind~torm in~w~nu ;
pl~ad on +ny of said buiWinq~, ~~y inte~est tMr~in w part therwf, vntess in ~Ir form and with tM bss p~yabl~ as ~faaaidj and M~M ~wM any swin , ~
of mon~y bcom~~ pay~blt wch polky or polici~s ~aid MORTGAGEE ~MII Mw ~h~ option to r~ive and apply tM sanN on KaouM o( tM ind~bt~d ,,,,r,
n~as utund hH~by a a permil t~ld MORTGAGOBS to reaiv~ ~nd us~ It w~ny part 1h~reof fa otha purpoiet, wi~hout tha~b~ w~ivin~ w irnp~k- ~
Iop u?Y puity. I~en or rgb~ w~d.. w by vu~w of ~1w morry,q.j •„d in ~M .vnr s.d N10rtiGAGORS sMt1 fo. •or ?.awn fail w k.~p ~I» .aid pnmisa w }
ini~red. a fatl W d~tiver prompUy u?y of said polici~s of iniwsnc~ to iald MORTGAGEE. a fail prompUy ~o pay fvllY any pr~miwn tM~dor o. in ~nr ~ {
r~~p~ct fail to pKfwen, dixhary~, execvt~ ~ffed, compkts, oomply wi~h and ~bid~ by tFw oov~nao4 0~ ~ny p+rt her~of, aid MORTGAGEE ~y plan a+~d .,,r ;
paY fw suc6 Ie~suranc~ or ~ny pan thereof without waivinq o~ ~Hsctinp anY option, li~n, puiry. w ripht wxhr ar by virtw of t!?is Mortqap~. ~nd tM ~
full emount oi ~ach u~d w~ry ~uch paymeM shall be imnwdiattly dw arxl psyabla and ~hal1 b~sr 4.::::ss }rom tM dat~ thcrsa! sms3: F_Id st tl+s ra!t at ~
nirw pa pntum pK amum and to~ether with t~ch interest ~hell be ~atured by 1M li~a of this mort9ay~. 1~ '
1. To p~rmit, commit w wffa no wut~, im~»i~ment w d~rc.aration of saW p?op«ty a ~ny put tM~wf.
S. To pay ~It and sinputar tFa cosn, cMrqes and ~xpenws, includinp a nasa++bb a»wney's fe~ and awq of ~bahac» of title, incwr~d w p~id at .
any ttrtw b~r wid N10RTGAGfE, betaus~ w in tht ~v~M o~ tM failur~ on th~ p~rt of tM aid N10RTGAGOR b duly, pw~+~y .~d f„iy P..tor~+, d~..9.,
~xecut~. et(tc4 canplete. comply w~th and abid~ by ~ach aod every the itip~lations, ayreanaen, conditions, ~nd aoveMnri oi taid promitwry ~ot~ and t!w ~
matpape ury a ei~her. and sa~d cosn, chuyai ~nd ~xpe~ks, each and swry. ~11 b~ i~nerkdi~t~ly.dw and payabl~t wMth~r a not tMre b~ notio~ dr ~
mu?d, att~ropt ro cotlad w svit pe+~d~ngj and the full amoun~ of eacA and ~very such psymr+~ sMll be~? int~r~i1 iran th~ dat~ tMrwf untit p~id at the
rat~ oi nir» pa~ cw~tum per u~~um; and all said cosrs, chupes and expenses ina)Thd a paid, topNhK with such iM~nst, ~Iwll b Ncw~d bl~ th~ li~n of 1hN
mortp+y~-
6. 1Mt in the event of any breach of this Mor~y+p~ or defa~lt on tM part of tM MORTGAGOR, or (b) in Mw twnt ~ny of Nid wm~ of morwy -
herdn referred ~o be no~ promp~ly and f~lly paid within thiny (30l days nex~ after the s~me ssve?aUy become dw ~nd payabt~, whhow d~mand a eotiu.
w W In ths ~wnt each ~nd ~very tM stipulatio~s, +greemenn. conditions ~nd cown+nb of sa~d promiswry nw~ ud tlrs matp+p~ aey w Nther an no1
iuly, prompN~r and fully perfwm~d, d~uha.ged, executed, ef/ected, completed, tomptied with ~nd abided by. tlrn in ~ithe~ or arry wth ~wnt tM ~aid ap~
preysfe sum mentaned in said promisso~y note ti~en remaining vnpaid. with inter~st, acuued, ~nd all moneys sscvrsd hKeby. shdl beoo~n~ du~ and p~y~
abl~ torthwith, u thereafrer, ~f rhe oprion of said MORTGAGEE, ~s ful~y snd completely u if stl of ~he said swns . of ma+ty wsr~ ~r'p'inally •stiput~ted
ro b~ paid on such day, anythiny in ia~d prom~uory note w In t6is Mwtyage to the conu~ry notwi~hsu~dinp: and thKe~rpoll a thK~af~~? af th~ op~ion of
ssid 1NORTGAGEE, wi+hout notk~ a d~maod, suit at law or in puity, ther~for~ w therca(ter bepwy may M~osecvt~d a if ad n~b~~ Nau~d Mreby
hsd maf~red ~qr lo its institution. '
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7. Th+r in rh~ eveM rhat •t the beginn'ug of or ~f a~y ~ims pending any suwt upon rhis Mortyag~, or to fot~dlb~ I~ or td nfa~ ir, or to ~nfwa
payme~t ot ~ey clsims hcreundc?, s+id MORTGAGEE shall apply to tM Court havirg jwisdiction thareof iw tlN ~Rlo~llnwi~ o~ ~iv~r, wch Court ~11
Forthwith appoiM a recsiver of said mwt9aged property all and singular, i~clud~ng all and singular ths income. profits, itswi and hwnusl kaw wMtw~t
source da~ived, each and every of which, it beinp expressly unders~ood, is hereby mortyaged a~ if speclfically set fath ~nd deacribed in tIN ~u?tinp and
hsbendvm dsus~s hereof, ind i~ch Reteiver ahall have all the b.osd and effective functw~s a~d powcn tn anywiie ermvq~d by ~ Cowt 1o a Rec~ivN, ~nd
such ~ppointment shall be mads by such Cour1 as a~ admitted equity and ~ mrtter oi absolute riyht to said MORTGAGEE, N~d withoW re~aent~ to 1M
adequncy w in~dequscy of the wl~?e of the propery mwt9a9ed w to ~he whency w insolvency of sa~d MORiGAGOR or the d~fendants, and that wth
rems, profits, income, iuues and revenues shalt be applied by such Receiver acc«ding to the lien w aquity of s~id MORTGAGEE and th~ practic~ of such
Court. ~
8. To d~ly, promp~ly and fully perfwm, dischsrge, execute, effect, compkte, comply with and abide by tach ~nd wuy fh~ stipulata% spr~ri,
conditionf and covensnn i~ sa~d promiuory note and tha mortgage set fwth.
9. ?hst io the event rhe ownership of the mortgayed premises, a any psri thereof, becomes vesfed L? ~ pNSO~ otM~ th~n tlr MORTGAGOR, th~
MORTGAGEE, its succeuws snd auigns, may, wi~hout notice to the MORTGAOR, deal with such sutcesso~ a sutcesso~r in intatst with refaenc~ to this
mortgs~e u~d the deW hr?eby sec~red h? the tame manner as with Mortgagor withov~ in eny way viti~tirg or disclwr~irg ths Mort~agors' lisbilitp h~r?
unde. w upon the deb~ hcreby sen,red. No iale of the p.emises he~eby mortgs9ed and no fwbea~~noe on tht part of tM MORTGAGEE a its suooeiwn
ar +uigns a~c! no extmsion of the time for the paymeM of the debt hereby secured yive~ by the MORTCaAGEE or iri suct~ssort ot assipm, shall op~rat~
to reksse, d~sc!»rye, modify change o~ affect the orig~nal liab~liry of the MORTGAGOR herein, either in whole w in p~rt.
10. It is speci(icatiy agreed that time is of the esxnce of this contracr and th~t no waiver of any obligation hereundet or of th~ oblipation se-
cvred hereby shatl ~t any time tF~ereaher be held to be s waiver o( the terms hereof or of 1he instrument setwad herby.
11. In addition to the forego:ng monthly payments of princ'pal and interest required by ths promissory ~pfe ~ecu?ed hereby, morigagor cpvsnanis
and agrees ro pay 1o mortgagce with each monthly payrnent an add~rio~at sum estimated by mortgsgee fo be equal fo 1/12 of the annwl cost of ths fdlow-
ing: -
A-Atl real property taxes kvied or assessed against the above dewibed real estate.
8-Premiums on fire and windstorm. insurance as herein requ~red to be carried on the improvemettts sit~ate on the ~bove desuibed premis~s.
C-Premivms on svch mwtgsge guarany inswarKe as mortyagee shalt from time to time deern fit to carry on N+e ban secvred hereby.
Mwtg~gee shall from time to time ootify matgagor in writing of the amount due and pay+ble hereunder and wch wm shall thereupon be due ~nd
payaWe on the due date of the next monthly payment and each successive month tFroresRer ur.til mortyayee sMll notify mortgspw of a charge In such
amount. Such sums sF.all be applied by mortgagee toward the payment of real propcrty taxes, insuraoce premivms, and mort8+~ 9~~^H
premium~. -
' IN WITNESS WHEREOF, the s+~d MORTGXGQR h+s hereunto ' nd and sea) the da u~d fint afor '
Sipned, Sealed and delivered in the pre~e~ce oi: ~ S~q ~E RD SEN L INC.
RY ~
' . ~ ~C. o e r n
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` ~P.OED <a ATTEST: "
~ ~ ~ = r • tY FIA, q
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~ - :aS ic ard . adsen
r , : ~ ' •:^`~PT E'AL
~ 1tt~0li'[T7l7ttt Rd
~ - - - - - - - - -
~ S~ 9 12 ss PM'75 316~~'79
STATE OF FLORIDA COUNTY OF ST. LUCIE '
1 HEREBY CERTIFY, That on this ~ day of September , A.D. 19 =75 ,
before me personally appeared C. John Rexford and Richard G. Madsen •~.~~s~ ~
~ respectively its President and its Secretary ~`1~~,:o~J
€ . ' .
= Rexford i~ Madsen Builders, Inc. Florida ~
, a Cofpo,ra~io'~~ b$aos+ ~
- • - t•~~ ~
s known to be the persons described in and who executed the foregoing instrument, and several6y;8~c~~r~e~~ed.trie~~_
~ cution thereof to be their free act and deed as such officers for the uses and pursoses therein rfti9fituoned;~~i'Jt~ja?! ~~y ;
~ •~•;......••~s~~~: ~
E affixed.thereto the official seal of said corporation, and the said instrument is the act and deec~'~f~ sa~l,-~~~d~~a~~on.
; , •~~rr~n~~?~~r• }
~ WITNESS my hand and official seal at Fort Pierce St . L~ac ie , said coun and state.
3
~ This instrument prepared by
~ Gary F. Ellwood Notary Public, in and r ate and County aforesaid.
~ r irst Federal Savin~s and Loan My Commission Expires: ~+a?r ~a~i~, Stafe of Ffor;do o~
e
~ Association Of Fort Pierce, F cz. M~ Commission Exp;res ~u
+r ~2, ts7f
= 8ond:d ty Ankritan F~re 3 G~~v..l~v
~
~ •
~ Ch ed B
~ 800K 243 PA~E 1549
~ ~ ~ . . ~ ~ -
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