HomeMy WebLinkAbout0143 To place and ca~~~nuw,sly keep on :ho ou: d~~~ga now or hereai~er s~t~,a~e on tia~d Isnd and on a!I equipmeN •nd pe~tonally covered by ~hi~ mor~¢
~ge, with al) p~amw~nf tf~rreM po•d ~n full, fue ir~s~ranca ihe ~iwl e~a~~dd~d ~.+cy form, in O sum approved by ihe MORiGAGEE, and winc.'slorm
inwr~nce in ihs usu~l atandard Fwi,cy fo~m, in a sum aHproved by the MORTGAGEE, in tuch comp~ny o~ companies as the h10RiGAGfE may
direc~j and all tiro and wind~ta~m insurante pol~c~rs on any ot sa~J bu~~J,Rg~, a~y inre~est ~herein or parf Ihe~eol, in ~he ~gg~eflet~ •um sforessid o~
in e:cess Ihereo(, shall contain the ~sua~ sta~~dard mw~gagee clauit or such oeher dwss ss tAe Mortgagcs mey requ~r~, making the Io~s under sa~d polf
c~ef, each and e~cry, payable to said M110RTGAGEE as ~ts imrrrst may appear, ~nd eech and every wth poi~cy shall b~ promptly ats gned and de~ivered ~o
•ny held by se~d `10RIC;AGEE as (unher security to seid mo~tgage d:bt, and, not less Ihan ten (10) days in aJvan~e of ~he expiration o) each poGq, to d~-
1~ve~ to seid MORTGAGEE a renewa! thereof, toga~her v~i~h a~eceipt fo~ the prem;um of ~uch renewal; and ihe~e shell be no fae or winduo~m insur~ncs
plsced on any of sa~d b~~id~~gs, a~y intrrefl /hCrein or pa~t thereof, unlesa in ~he fo~m and w;~h Ihe loss payab~e a: a(oresaid; and in the eYe~t any ium
of money beca~:es payabte ~nder avch policy or pol~c~es ~aid MORTGAGEE shall have rhe oprion to receive and apply the same on actount oi the i~~drbted-
ness secured he~rby w to perm~t sa~d MORTGAGURS to receive and use it or any part ~kercol tor ofhcr purpoaes, w~~hout th.+cur wawu~g or unpi~r-
rq sny rqu~ty, tien or r~ght under o~ by virtue of this mor:gaye; snd in Ihe evenl sa~d MORTGAGORS shetl io~ any reawn fail to keep the said p.emiset so
;nwred, or fail ro de!~ver pranptfy any of aa~d poi:c~es of ~nsuronce to sa~d NlORfGAGEE, or fail prompNy to pay fully any p~e~nium theiefor oc in a~y
reipeci fail to ire~to~m, discharge. exacure, e(feu, coa~ptete, comply wi~h and ab~de by this cover~ant, or any parr hereoi, said MORTGAGEE may plsce a~~d
pay fw auch insvrorce o~ any pa~t the~eof wi~hout waiv~ng or aflecting any opt;on, lien, eyvity, or r~ght under o~ by vi~t~e of ~hi~ Mortgage, and the
full amount o( ea:h and e.ery such peyme~t sh~Il be ~n.inrd~nidy due and payable and shall brar int~~e~t (~om 1M dste ther~wf until pai~ s~ the rate oi
nlne per ceni~m per annurn and to~eti~er ~nith s~ch i~~ter~ti+ .ha1{ ~ secwed by the lien o( thi~ mortgage.
1. To perm~t, commit o~ suffe+ no wes~e, in,pairment or deter~oration of sa~d propa~ty or sny parl Ihereof.
5. Ta pay all an~' iingula~ the coats, cha~ges and expen~es, including a reaso~abte attorney's fee and costs of abstrads of title, inturred or p~id at
any lirr.e by sa~d MORTGAG:E, because or in t~e event of the '.a~;ure on the part of the said MORTGAGOR to duly, promptly and fully perform, d~uharge,
execvte, e(lect, cwnple~e, ca~nply w~th and aU.de by each and every ihe shpulahons, agreements, condfhons, and covenants of seid p~omi?sory note and thif
mo~tgage any or caher, ar.d sa:d costs, charges and eapenses, each a~d every, sha11 be immediate~y dve end payabfr, whethe~ w oot there be no~ice de
mand, atte~a~pt ro collect or svit pend:~~g; and ~he f~ll amount of each and every such payment shall bea~ interesl f~om the date tFiereof untit paid a1 ~he
rate oi n~ne per c<ncu~n per annu~ , ~nd aU said cos~s, chargzs and e,.penses ~ncurred or paid, togelher wuh such interest, shaU be secured by the 6en of thi~
mo~tpage.
6. That (a) in the event of any breach of th~s Mor~gage or defa~lt on the part ot the H02TGI1GOR, or (b) in the eve~t any of sa~d sums of money
herein refe.red fo be not prornp:ly and fufly pa~d w~rhi~ thuty (301 days nex~ aiter the same severaily become due and payable, withoW demand w notice,
or (c) in the event each and evary ~he atipulet~ons, agroemeizts, conditions and covenar~ts of sa~d promisw~y note and th~a morlqage any w either are oof
~uly, prompHy and fu11y prrforme~, dacherged, exec~red, effected, completed, comp6ed with and ab~ded 5y, the~ in either oa sny such evenf the said ap-
gr~ate s~m mrnuoned in sa~d p~omiuory ncte then re~r.aining unpa~d, with interest attrucd, and al~ moneys setuted hereby, shsll betome due and pay-
able forthwith, or thereaf~er, at the opnon ol s~~d :~50RTGAGEE, as fuily and complefely as if ell o~ the said sums of money were mginally shpulated
to be pa:d on such dcy, anyrhing in sa.d prom:ssory notc or in this Mwtgage to the ,onnary notw~~hstand~ng; and the~eupon or the~!after at the opnon of
said MORiGAGEE, w~rha~t nonca or den~and, suit at law w in equ~ty, therefore w thereafter begun, may be prosecuted ~s if all money secured hereby
had mafurMl pnor to its inst~t~t~on.
7. That in the event that at the bcginning of or at any ti~ne peoding any wit upo~ this Mortgsge, or to ioreclose iT, or ta ro(wm i1, or to enforq
payment of any c!a~ms hereundrr, said MORIGi.GfE shatl apply to the Ccu.t having ~u.;sd~ction thereof for th~ appointment of a Receiver, such Gourt shail
Forthwith ap~,:.mt a recei~.er of said mor~gaged property ali and singutar, incSvd.ng all and singu4ar the income, p~ofits, issues and revenues from whatever
sou~<e derived, each end eve.y of wh:ch, it be~~~g expresety understood, is hereoy mortgaged as i( speciFicalty xt forth and dewibed in the granting and
habend~m tla~ses hereof, and such Receiver sFali have al! ~he b~oad and eff~cr;ve funct~ons and por:ers in anyw~se entrusted by a Court to s Ret~iver, and
i.ch appointment shak be made by such Cowt a~ an ad~nitted eguity and a matter of absolute riqht ro said MORTGAGEE, and without reference to the
edeyuacy or inadrq~a:y oi the value oF rhe property mortgaged or to the so.vency or ;nsolvency o) said MORfGAGOR or the defendams, aod that such
re~TS, prof~ri, inceme, issues and revenues shaii be appl~ed by such Receiver accord~ng to the lien or equity of said MORTGAGEE snd the practice of such
Court.
8. To dut~r, promptty and fully pertorm, d~xharge, eaecute, effect, mmpkte, comply wilh and abide by eath snd every the ~tipulations, agreemenq,
conditions and covenants ~n sa~d promissory note and th~s :nortgage set fwth. .
9. That in the evem the cwnersh~p of ~he mortgaged Frem~ses, or any part tbereof, becomes vested in a person other than the MORTGAGOR, ths
!:.ORTGAGEE, ifs s~ccessors and ass~gns, ~r,ay, wirhout nor~te to the A10RTGtiOR, deal with such successor w successor in interest with reference to this
mo~tgage and rhe debt hcreby secured in the samr manne. as n•~th :A~rtgago. wifhout in any way vit:atirtg w d~xharging the Nbrtgagors' Iisbility here-
under or upon the d•zbt hrreby sec~rcd. Ne se!z of the ~rrmises he.eby mongaged and no forbearance o~ the part of the I/IORTGAGEE or its successors
or ass~gns and no extensiun of tne t!:r;~ for rhe payrr:enf of the debt hereby secvred g+ven by the MORTGAGEE or its tuccessors w assigns, shaH operate
~o release, d~xharye, nwd~fy chsngr a'affect the erigmat liab~i~~y of the AM1ORTGAGOR herein, either in whole or in psrt.
10_ It is spec~i~caliy agreed ~F.at time 7s of the esse~ce of this contract and that no waiver of any obligat~on hereunder or of the obligation sr
wred hereby shall a~ any tirne thereaher be he'd to be a wa~ver of th6 terms hereof q~ of ~he instrument secured herby.
11. In add:ro~ fo the torege «g rr~onth'y payments of princ pal and imerest ~equired by the prom~swry rare xtured hereby, mo~tgagar covenants
and agrees ro pay to mo•tgayee v.ith cach rnon~h~y i;ayr^ent an add:~ional sum csT~mated by mortgagee to be equal to lj 12 of the annual tost of theiollow-
~r~:
A-All rea! ~.roperfy t,~aes tevird or assesiea agii•ist the above described real estate.
B-Premi~ms on fire and windsto~m ~ns~~ance a; herem requ:~ed to be carried o~ the improvemeMS situate on the sbove described premisea.
C-Premiums on svch mortyage g~aranty <r.suracce as ma~tgagee shall from t•me to time deem iit to carry on the loan seCUred hereFy. _
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Mortgagre st„~I Ercm n~,e !o t;~~,e nonfy mo.tgagor ~n w~rting of the amount due and paya6le hereunde? and such sum s~~1~?h~~eu~lin•~e duj! and.
~ayabte on ~he due cia~e of ~he next n:or,th'.~ payment and each wccessive momh thereafter ur,til mongagee shall nofify mo~a or ~t~~ d in`_.RUeh
Ii r~ount. Such wms shoil be app{ird by morte3eyee to.yard the payment of real prope~ty taxes, insurance prem~ums, and~Jnorl~a . nt~/irifqra(~tt
:
~ p~emiums. n
; i WISt3ESS WNER" F, tne sa~d lAORTGAC,OR has hereunro set his hand and seal the day and year first aforesa • r
` an eliver n t presence o4: ~ ~ ~ ~ +
! o - ~3,'Z3F;~~35 suao -4t'~ -
~ - - ~EO~~OUMty Fl~• : . _ ~ ~
~ _,,,~~rt,y _ F pSiTAAa gy: r _ ~ '~~d;.•'~9
' ~ ~KK GE,G~~T C~U~t ~ e , ~ ~ n 1 . ~n
~ „ ~yys~lilEO....~"'~ a0
~ Rf C- ' p~'EST : i SEAL
~ SiATE OF FLORIDA ~ ~ , ~ ~
~ - ~V ~I+} Richard H: dath Chaitman
COUNTY OF _ 1 Of the ~Oaf ~
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~
~ STATE OF FLORIDA COUNTY OF ST. t11GIE _
/rJ_ ~ .
~ I HEREBY CERTIFY, That on this __~day of___ .L , A. D. 19~' ,
fi before me personally appeared A. Q. Bell and Richard H. Suddath
airman o e
~ respectively President and _ Boatd , of
= SUC~ATH VAN LINES, INC. Florida -
a-- - Corporation, to me
~ known to be the persons describsd in and who executed the foregoing instrument and severally acknov+~~ld~ec~~Mebxe• _
. e :
; cution thereof to be their free act and deed as such officers for the uses and purposes therein mewfiio`~ed; es~et th~tjt~eye +
. r .
~ affixed the~eto the official seal of said corporatio~, and the said instrument is the acs and deed~`of said cprp'~atio~. ; t
, _
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? WITNESS my hand and official seal at Fort Pierce , said ~ounty and sta~ O-~=>>, -
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~ This instruuent prepared by " ~ : ~ i - -
. ~r_ , . ~ - - ~ ~ ~
~ John W. Collins - ~ , , ~Y .
~ F izst Fedetal Savings and Loan Notary Public, in and~for Sfiate and County af~refill~.~ 0,
~ Association of Fort Pi.~zce My Commission Expires: p;i~eY ~a1~ ~~g~~ ~~t
~
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u ` -cS ti0V[~'3:R !2. 191)
~ r f ~i S?f.. [ t E;,;~;;FD ihRU GENE?J~l th~t;w~;ICE UhCEP,~YR11ER5.
~ _ '.t t~. :~s~/ti.~P~,~~Leti 1,~_... j._..~f.
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