HomeMy WebLinkAbout0654 J. To pl~co u.d com:.wously k~sp on Uw b~+i:d:r+q~ now w M~~afr~. s;fw~e a+ s~k! land ~nd on ~11 puipr~~ uw {rKwndiy corasd by this wart¢
spa, wi?h di pr~mivnu ~M.eon p+~d in full, fi.~ ins~,~~c~ in ~M u~ual ua+dard poticy la~n, in •~vrn ~pp~ov~d by ~t.~ MORTGAGEE. ~~d wie~~w~w
imu~~ M tl+~ wwl uandxd pW~cy fam, In ~ swe ~pp.oY~d by rM MORiGAGEE. In wch tanpw+y w tomp~n~N a~ th~ MORiGA(fEE nNy
dW~ct~ ~nd NI fir~ ~nd w~nd~ro.~n inwron~~ PpIKN~ on ~~y of Nid Euildinpf, My Inllr~ft tF~N~jn w pan rhK~of. tn rM W9nW~~ a~cm ~faastd a
in ~xcN~ tlw~~oi, ~MII con~~in ~M vswl n~nd~rd mor~9~ claus~ a ~uch o~M. deuw a~ rFN Ma~p~ye~ m~y requK~. ~I~Inp tM 1ou u~ N~d pu1F ~
ciM, ~ach ~nd ~vaY. wY~4N w t~~d MORTGI~GEE a~ ~n in~ae~~ ~na~ ~{,p~u. ~nd e~ch ~~d ~~ay ~ucA po?:cy ~MII b~ pron?ptly sa:pned arJ d~Nv~nd w
~ny Mld by sald MORTGAGEE fu~~Mr ~ecvrt~y ro s.id mort9p~ d~bt, and. nw hs~ ~!wn Nn lt0) days tn ad•~nc~ of tlw ~xpMaion of each policy. to da :"H
Uw? ro a~d M~RTGAGEE • r~newal iher~of. top~~Mr wi~h • r~c~+p~ fw ~M prNn~um oi ~~ch an~walj ~nd ~M~~ shat~ o~ m fk~ o~ wi~tpm Inwrana
d«.d a? .~r of wid b~~ld~npti ~ny in~K~s~ ~he+~u? a pu~ ~Mreof, ~nkw io ~M fo~m ~nd wi~h ~M Iw~ payabN u~ta~~afdj and In ~h~ ~wnt ~nr ~wn
of mo~~y becon»s payabl~ undK sucF? polKy a potKN~ a~id MORTGAGEE ~hall Mv~ ~M opKon to nc~=w •~d ~pply tM a~m~ on ~cca+m of tfw ind~b~d~
nns wcw~d M.~by a w pami~ ~•~d MORTGAGORS a rece~w ~nd ~w it u•ny puf ~h~nof lor o~:+er purpo«t, w~~Sout thareb~ w~ivi~x,~ or impai+-
kq ~ny pv:fy. G.n w~bh~ w~d.. w bY v4~w o1 rhls mo.tp~pr, ~nd ie ~M ~.nn~ ~a~d MORTGAGaRS ~MIt fw ~ny ..asa+ f~il to kNp rM uW pnmi~es w
Mwwd, or fdl b d~livK prwepNr ~ny ol a~id pol:eies o) iniur~nu ~o stid MORTWr.GEE. a isil prompNy to pay fully ~ny pr~.niuen tha~~fa a In any
~~~p~c~ ttll b pMfwm, d~xhupe. •a~c.+~~, df~ct, con,plH~. comply wiM ~nd ~b~d~ by ~h~~ cov~nanf, w.ny P.~~ h..wf. s~id /NORTGAGEE may plau and
p~Y fa wcA inwru~c~ w~nr pu~ M+K~o( withovt w~ivinq w s.~f~ctinq any oprion, li~n, ~Qu;ry, a~tpM u~ or by v~rtw of ~M~ Mortpp~, ~nd tM
full amo~nt of Nch ~nd ~tiay wch paym~n+ sMll b~ ~mm~di~i~ly d~» u+d pay~b.~ ar.d ~hafl bN~ int~reit from IM d~t~ tiww( vne~i p~id a tM raN ol ~ r~
nin~ pa tanfwn pN ~nrwm snd toy~thtr M•ith such int~ros~ th~ll b~ ~ecursd by tM lito o/ thit mo:tp~pt- .
To pMmit. tommit o~ suff~r ~o w~st~, hnP.~rm.~~ a d•r.ra..ean of ~~~d p.opary a any pah tM.wi.
S. To.pay all ~nd tie~putw ths ewts, sha~pe~ ~nd szp~ns~~. ineludMp • r~a~on~bl~ ataeNyi iN ~nd eosh of ~bat~~et~ of tiH~, ineurr~d w p~td al
~ny_tim~ by s~id MORTGAGEE. brc~us~ o~ in tl» ~vMt ot tM fa~lur~ on trn par~ of tM wid MORTGAGOR ~o duly. promprly and fu11Y pMforn~, discMrp~
~x~cut~. ~ifw. ean~4r~. con+ply «nrh ~nd ~b:de by ~ach and ~wry tM ~~ipv~ae,ona, ~qrNmenn. eondi~iorw. •~+d cow~ann oi .ab promiuory na~ •~+d N+u
mortpp~ any w~nhK. •nd ~a~d eoits, eMrp~~ i~ ~iIPfRN~. iKh ~~,d ~vuy. sM11 ~ immed~~t~1y dw .nd p.ybi~: xMeh.r w nw tMr~ b~ ewtK~ d?
mand attampt eo colbct w wit pMd~+qJ ~nd ~M tutt amoum of ~acA and e~nry wch p+ym~ot ah~ll b~~• int~ro~t from th~ dat~ tlrr~of untll paid ~t tM
rat~ of n&» p~r esntvm pK ~rw~um; arw9 ~II s~id cosrs. chupe~ ~nd expenies ~ncurr~d or paid topttMr w~th such in:~~~~t, ahail b~ ~~cvr~ by ~M li~n of thi~
~ro,~.. _
b. 1}wt In tM ~v~nt of ~ny tueach of this Mwtpap~ w d~f~vlt on tl» p~rt of tM MORTGAGpR, w(b) tn th~ w~nt ~ny of utd ~w~r of awmy
1?K~in nf~rr~d ro b~ not promptly and ~ully pa~d with~n ~h.rtK i30) days M+c~ •frsr tM sam~ ~e+a~~1y becom~ dw ~nd payabl~, withou~ d~m~nd a ootic~. ;
0/ (t~ IA iM ~vMt ~Kh ~nd ev~ry tM ~ripula~ions, apr~~ment~, cond'n:a+s and cov~nts of sa~d promiuory noi~ snd fh~s mortp~p~ ~nr a~ithN ~n ~wl j
ivh. ppnpr:y and fulty p~rfam~d, d~xharped. exccur~d. ~ffecr~d. compf~ted. canpl»d wi~h ~nd abided ~iy. tt~+ In ~~ther w a~r sucA ~wnt tM s~id p~
prp~t~ wm m~n~ion~d in sakl promiswry not~ th~n r~maininp vnpaid, with In~~~~ft ~cuwd. u~d atl mo~tys wcu?~d Mr~br. ~hail b~come dw and pay~
~bl~ forthwi~b, o~ tMrs.f~M, ~t ~h~ op~~on of iaid MORTGAGEE, ~s tully s~d compl~~e~y ~s if •II of ~he said sums of moe?~y w~r~ wqiMllp stip~rlaad
to b~ p+id on such day. ~nythinp In u;d prom,isory not~ a in thls Mwlp~qe to ~!K contnry norwirhstand~np; and fh~.wpo~ w tMnshN ~t tM optan af ~
said MORTGAGEE, without notK~ a d~mand, ~uit ~t I~w a Fn equity, tMr~fw~ or tAerea(ar hpu~, may b~ prw~cut~d as if ~II rnoe?~~rf awrd l+Keby
h~d matur~d prwr to itt inslitution. ~
7. TMt in tM ~r~m ~Aat ~t tF+~ b~qinnirq of a at ~ny tim~ p~~dinq ~ny sv~r upon ~his Mo.fpay~, or to fonclos~ h, w to nform It, w to ~nfwp
p~yment of ~ny cl~ims h~.wnd~r, s~id MORTGAGfE iNill apply to ~hs Ca,n havir+y ~ur~~d~dioo tM~~oi fpr tM ~ppointmM+t of • R~c~iwr, wch Co~rt ahall
fpthwith ~ppoim • receiv~~ of uKl mor?y~p~d property all •nd slnpv~~r, inc:ud~np •II a+d tirpular tM ineom~, p?ofit~, iuws u+d t~vMw~ from whabwr ~
wurc~ daiwd. ~KM ~nd ev~ry of wh~ch, ~t beinp ~xp.~~sly unda~~ood. i~ hersby mwtysped u if sp~c~fiully Nt forth ~nd dNUib~d in tM yr~e?tinp ~nd
M~ndwn clauses Mreof, u+d auch Rcceiver sM~l Mv~ •II th~ b.oad ~nd tfred~vs funct~on~ •nd pow~rs ie ~nywise ~+trwr~d by ~ Co~rt to ~ R~ttirt~. ~nd
•uch appoimrrNnt ~hdl b~ mad~ by auch Courf ~n admitted equity •nd ~ m.at~e~ of ~bsolute ~3yht to ~~id MORiGAGEE. ud without refsrenp M fM
~deqv~.y or i~adeqwcy oi ti» wtw of H+e prope~~y rtwr~9aped er to r1?e w~vency w~nsowency of s~7d JNORTGAGOR w tM d~f~~?dsnta, ~nd tM1 auch
r~nu, profin, incan~, itsws ~r+d rwanwt ~Fu~i b~ app+ivd br iuch Reteivei ~ccord~n~ to th~ litn w puity of uid MORTGAGEE ~nd tM ~vuric~ oi wth
Covrf. -
8. To dvly. promp~~y and fully p~.form. d~achar,p. ea~cu», efftct. eoer4l~s~. comply with ~nd abW~ br ~ach and ~very tM ~tipvi~~iona, pr~naon,
eondit:cer ~nd eov~n~nts in a~~d p~om~uory nwt~ ar,d lhi~ ma}p~y~ t~t forth.
9. Tha: i~? t:y ~w~t tM ownerah~p of ~h~ mortpped prem;sp, or ar,y p~rt tF+e?eof, beoo~ne~ wated in ~ p~non oth~r fMn tM MORTGA(iOR, tM
M.ORTGAGEE, i~~ tucceuw~ and ~sipry, may, wi:hou~ no+~u to tM MORiGAOit, d~~? w~ih such sua~ssw w svcceaw in inter~it.with nfennc~ Io th~
mortg~o ~nd the debt hereby ~ecurfd in th~ same msnre~ as w~th Mo.tpayx w:thout in ~ny way rit7atin0 or discMrylnp th~ Mwtppc~~' liability Mrt
und~r w vpon ~M debt htr~by secured. No s~7~ of the premites he+eby mortg+9~d and no fo•beara~tt on tM p+~t of the MORTGArE! or Ift f~tt~~swa ~
or ~~tiqnt and no ~~tena~an of- the rime for tn~ payment of th~ deht here6y ~~tur~d 9~ven by th~ MpRTGAGEE or itt tucceawtt or aupna, ?hall oper~N
ro reieaa~~ d~xMrp~, m.odify cMnpe a•If~ct rh~ orp,nal Gaa+=ty of ~he MORTGAGOR M~~~n, ~itFut in wR~ w In p~rL
10. It b tpec~~ka~ly ~gr~ed fhu ~~me ~s of tM eas~nce of this contr~d ~nd ~Mt no w~iwr of ~ny obl~yation her~~~od~r w of fh~ oblip~ficn N~
cur~d Mr~by s1u11 et sny tim~ rhe~eefur b~ held to b~ ~ wai :r of the terms her~of w o1 the insrrum~nt hcur~d Fnby.
11. In ~dd~r:on ro the torpo nq monthty pay~r.ems of p•~r,c pa~ ~nd it+reresr rtqu~~sd by th~ prom;uo.y »o?t secur~d INr~by, mortypor cov~nantt j
and ap:e~s to p~y to mo:ty~pee w~:h ssch man+hiy pa}mt~f an •dd~~~on~l s.;m e~t~mat~d by morty~yee to b~ ~qual to 1/:2 af tM anrw~ltwt of tks follaw--
in~:
i
A-A!I real properTy t~xs+ kv:cd w anessed sq+~^~t rh. •bave deu.~hed rsat estate. ~ ~
B-Orom.~ums on fire •nd windsto•m :nsvracce as here~n reG,.:~ed to oe ce~r.rd on the ~Tprove~+ents t~tvate o~ ths abov~ destribed pr~enh~s_ ~
C-premiums on such ~:+o~tgaye qvuanty Inaurar.ce is mort9sfle~ sMll trem ti~w~ lo rime dMr~ flt f0 urry pn tFN b~n tK~red Aer~by. _ ~
f M.xtqsyee shail from rcm~ to r~rre rwnfy mo.tyago? 7~ w.~t.n9 of ths' •r+ount dve snd psy~bls her~under ~nd such aum ahall tMrwpon b~ dw and
pay~ble on tl?~ due dat~ of th~ nert month'y Faymem and each scccessire Tonth theredter ur.tii morrp~Qet shatl r.otify rtqrtysyor of a tAup~ in wch
~mount. $uch ~ums sh:t! oe spp:i~d by mortgapee to.vard she pa~~~ent of ~oal wo~rty tsxef, ir.surant~ p~tm.ums, ~~x! matpa~ pua!~nlp iMUranp
p.emiums-
IN WITNESS WHEREOF, !he sud MOStTGA s,~ereyote.~tR~•f+g haqd sne seai th~ d~y ~nd y~~r firsf afpes~id.
7 :
SSyned. S~aI«I +nd deSiva~d irt the preNr~ ~FUr :;,;NT A FU. BENC~R ~ CONSTR ~
T? q* ~ IN RAT ~
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C_E..~_ . . i~„~ BY: ,
r ~ . , . . . e on . mi ; resi ~t 7
~a o5 ah AT?ES?: _ .
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G. B. Hutchinson, Secretary
STATE_OF ilOR10A - - - - - -i - - 1
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332;~ t ~L :
STATE OF FLORIDA COUNTY OF ST. LUCIE _ ~
T
I HEREBY CERTSFY, That on this ~ 3~ day of Apr i 1 , A. D. 19 76 , ~
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before me personally appea~ed Vernon C. Rhinesaith and B. Hutchinson ~
re~pectively President and . Secretary , of ~
BENCHMARK CONSTRUC'T ION COMPANY, INOORPORATED~ a F lor ida Corporation, to me `
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known to be the persons described in and who exec~ted the foregoing instrument and severally acknowledged the exe- ~
n ~ ~
cution thereof to be their free act and deed as such officers for the uses and purposes therein mentioned; and tF?~t•tfiey
affixed thereto the official seal of said corporation, and the said insirument is the ad and deed of said corporafion. -
WI7NESS my hand and official seal at Fort Pierce , said county a~ci state. t' - '
This instrument prepared by ~ ~ ~ ~
Robert A. 9~?isher, Jr.
FiYSt Federal Savings and l-oan Notary Public, in far ~~o~r~fu~~id~ ~
~'ssociat ion of Fort Pierce My Commi~sion E pires: ~'b ~
~td ty An _•.ics- rr~ a W?.,o~ry ~ ~ ~
Checked B~ _E~._-_~
~ 2~1 e~~~ s53
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