HomeMy WebLinkAbout0373 To p~ece and cont~~i~ousF~ keep on inr bo~ .i~~~~t r.c~w or t..~rert~er f~~u~te cn aa~d land end on att r.~v+~:~:em s~~d prsonatly co+ered by !hi~ morlp-
~s, with all prcrtiiu:nf ~hcreon pa d in lul~. (~sc i~~r.,~a~~ce ~n ~he uswl sia:xlu~d uo!~c/ form, in • s~m a+.p~o.~d by the MOR~GAGFE. •~~d winditwm
inwranc~ in tl+a „susl itends•d pol.<y ~wm, in s wm eF.E,ro~rd by tha MOkiGAGEE, in wch company or companie~ af th~ MORiGAGEE may
direcr, and all I~rs and w:ndsiorm ~nti„ra~ca po~~c~ea on eny of sa~d bu~ld~ngs, any intere~t thrre~~ ur part fheraof, i~ ~hs aggrr9u~ sum ~fa~~a~d w
In ~xtctf IF+ereof, t~all conrain the uwal ~lenda+d n+or~y~grr cja~ie or such o~~x~ dause u ~he Mo~tyayee rnay requu~, m~ling ths losti v~+der u~d poll~
cHi, each and every, payab'e to io~d MORTGAGEE as ~t~ uvereat ~r•ay eypaar, snd each e~d e.e~y such poGc~ sh~ll be p~o+nµNy afsgned •nd d~~~vered to
~ny held 6y H~d MURTGAGEE as fu~the+' stturity ~o sa~d ~~~ungage d~b~, a~+d, nol Ir» ~hsn ~en (101 day~ i~ advance of the exp~ra?lon oi esch polity. ~o dr
livar to said MORTGAGEE a re~xwal therrof, toye~k~er w~~h s rece~pt iw the pram~~m of wch renr+`e~; and thore shal~ bu no t~rQ or wir.ditorm insursnc~
pl~ced on ~ny of s~~d buildings, •oy ~nterefl there~n or part Ihereof, unlesa in ~he Fonn aoci w~lh ihe loss payable as a(o~asa~d; and in the •vtot ~ny ium
of mo~ey beco~ne~ paY~StQ under s~ch policy or po~:ues seid MORIGAGEE ahall have tha o~,~~on to ret•::+r o+~d apply ttie a.~ne on accouM of the indQbtrd- ,
ness secured hereby a to pennil said MORTGAGJRS ro rec~~.e and use it or any F.:,r+ ~t~~:~-of tor o:~,~~i pur; ~~ra, ..~~~:ov+ ~h~~rbi wai.:~g or ~mpd~r-
in~ any pu~ry, Iien or riaht under a by virtue of ~hls moreyaqe; and in ~ha evene sa~d MORTGAGORS shall fo~ sny ~eason fai) to keep the ~a~d premisr~ so
inawsd, or fail to deliver promptly a~y of aatd pol+ues ot insuran~e to se~d MORiGAGEE, or F~~I pramptty to pay fu:ly any p~emi~m therefw w in a~y • ~
r~tpect lail lo perform, d~tcharqe, execute, effrct, cornplste, comply with and sb~Je by th;s :ovenar,r, or any part hzreof, sa~d MGRTGAGEE m~y p~ace a~d
pay fw such insurence or •ny pa.t IA2rgOI w~~ho~~ wa~ving or afiectinfl any op~ion, Gen, equ~fy, or n~ht under a by vi.tu• of th~s Ma~fl+pe, •nd Ihi
full amouot of aach and avery wch paymant shail be ~mmrtiietely due a~~d peyable a~d shell bear interrat from tM date Ihereo( until peid N ths rats ol
nine per c~ntum per annuui and !ugrthrr wuh auc~~ ~r.tr~c+t >hai~ i>e securr! by tha lien of this mortgage.
4. To permit, commit or sutier no ~vaste, impaiimrnt w detenorat~on of said proy.erty or any part 1h.rrtof.
S. To psy atl and si~u!ar the co~~s, charges and exper;ses, In~ludmg a rea,onab!r attomry's fee and ccs~s ei abs~rad• of title, incurred w paid ~t
any time by said MORTGAGfE, becevse or in the evcnt of tha !e~lure cn thc par7 ot Ihe s~id MORiGAGOR 1o duly, prom~tly ?nd fv~ly pertwm, d~uharg~,
exe:ute, efFecl, complete, comply w~th and ab:de by.each and every the stip~lanons, agreements, Conditions, and covenants of seid prom~ssory note a~ thi~
mortgsga any w e~~her, and sa~d co~ts, charge~ and ~xper.ses. each and eve•y, shall be immediately due and payabie; whether a not there be notice de~
mand, attempt fo co:tect or sui~ pend~ng; and the tull amount of each and eve~y fvch paymeN shall i,ear intereft from ths date thereof until p~id ~t 1ht
rate of nine per ccnt~m N.•r ann~:~~; antl all s~id cos~s. ci~a~g_a and expens^s ~~xurred w pa+J, toyethar wdh such interesl, shall be securtd by the lien Of ihif
morlgsge. _
6, Thal (a) in the e.ent of any br~ach of th~s M~~tgage or de(ault cn the part of thc MORTGAGCR, or (b) in the event eny of satd tums o( money
herzin ~eferred to be not pro~r.ptty and fuily palJ .,.I~nin ih~uy (30; days nexf at~zr the same sev~rs~ly become due and payable, withoul demand o~ twtice,
or (c) in the event each and e.•e~y ~he shpvia;~a~s, a~~eemzMi, CGn;~~s~oni and co+enams o1 Sa.d pranlisory note and th~s mortgage aoy o~ ei~her are not
~uly, promptly and iully performed, d scha~ged, e~ec~ted, eifected, comp(eted, compf~ed w~th and ab~ded 5y, then in eifher oc any iuth event the s~~d ~g
gregste wm memioned i~ said p~anissary nate then remaininq unpaid, with interrst accrued, and all monrrs secvred hereby, shell betome dw and pay-
able forthwi;h, or rhereafter, a~ the opr~on of sa~d MORiGAGfE, as fully and cor~~pierely as if all of the aaid sums of nwney were a~pinaqy fhpulated
ro be ua:d on wch d:.y, anything m sa.d prcm,ssory note cs in th~n Mortgage to the coniiary notwifh~tanding; ar,d ~hereupnn or thereafter at ~he option of
sa+d MORTGAGEE, witho~t notic~ or demand, suit at law or in equ~~y, ~herefore or ther~after begun, may be pro~ecuted as if •II moneys setured heteby
nad matured pr~w to as inst~tvt~on.
7. That in the event thrt at the begir.n~ry ef cx al any nme pendir.g any su~t ~pon th~s Mortg~ge, w!o fweclose it, w ta reform it, or to enforu
payment ol any da~ms hereunder, sa~d MURTGAG:E shail appfy to ~ne Go~rt havirg ~unsd.ct:or !hr~rof foi the appo~ntment of • Receive?, wch Court shall
fortnwiih appoint a receiver of said mortgaged property ail and aing~la~, ind~,d,rg a~i a~,d su}g~iar ~he income, profita, issues and revenves from whatever
sou~ce duivtd, each snd every of wh:ih, it being exp.ess'y understood, is he.eby n:o:t~aged as ~t sE:ec.fically se1 iorth and deuribed in the y~antin0 and
habendum davses Ixreot, and such Rece~~zr shail have all the broad and effectE~e (uncnons and po•ae~s in any«~ie e~~~usted by a Covrt to a Reteiver, and
s_ch appointment shalt be made by a~ch Ce~rt as an ad•nir~•d eqvit~ an~ a n~atter ef asso'ute r~ght to said MORTGAGEE, and without relerence to tM
edequacy or inadrq~acy of the value of the prope<<y mortgagrd or to ti:e so:venr~ or ~nso .rncj of said MORiGAGO`~' a ~he drfendants, and that such
n,nn, profits, income, issues and revenues shall br appiied by s~ch Recer:er a.cord,~~g ro the Gen or equn~ et said MORiGAGEE and the pradice of suth
CouA. -
8. To d~ly, promptl~ and fu~!y perfo.m, d~scharge, execufe, efr~;t, complete, car.~,ly w~th and abide by each and e~ery the stipulatio~s, agrKmentt,
conditans and co.rnann m sa~d promissory oote and th,s m;.tg~ye ie! forth.
9. That in the evrnt the otirnersh~p of tne mortyoged prem:ses, cr any part 1hFreo~, be,o^yes vesied in a person other than the MORTGAGOR, the
MORTGAGFE, its wccesa~xs and ass~gns,~may, withouf not:ce to the ~~ORiGAOR, deai .vith wch succeuor w successw in interest with roference to this
mo~rgage and ~F?e debt ha~eby secu~ed in Me same msnner as with !dortgaga w~lhout in an~ way vifiating w d~uharging the Mortgagon' liability hera
~nder w upon the d~b~ bereby secured ~to sale of the premisrs hereby rnortgaged and no forbearance on 1M part oi the MORiGAGEE w its suecessor~
ar assigns and no exrension of the t:rnr fo~ the payrr.enf ot the deb~ hereby secv.ed glven 6y tix MORiGAGEE or its auccessws o~ au~gns, ahall operate
io reiease, d~scharge, rnodify cnenge or affect the o~~~~nat Iiab~Yty of ~he h10RTGAGOR herein, e~ther in whote u in par1.
10. It is spet~fically agreed tha~ tinie b oF tM etserce of this contrsct and st.~t no waiver of any obtegation hereur.der or of the obligation sr
c~red hereby shall at any time rhereafrer k;e I:e;d to be a wa~ver of +h- terrns hereoi or of the instrument secured herby.
i
1 t. in add t~cn to th: forego:n~ munthlr payre~nts of pri; c, a~ and ~n!r-res~ requued 5y the prom sscty no!e sec~red hereb~, mortgagor covenants j
a~.d agrees to pay to mortgagee v~~th each r.~cnrh~y pa~~::en1 ar. ad~.~~onai sum c•s~ :*~ated b~ mortyagee to be equai to 1 j 12 01 rhe annual cost of the follow- !
"'g=
A--AO reaf property taxrs =ev,ed or assessed ~g~~•:et th_ aho+e dESC~i~cd r,al es!ate. -
I 6- Pr~n,~urm on f~re a~~d w~~:dst~~m msu ac:e as nere:n rcG.,'r~d to be car;~d on the improv~meils s~tuate on tMe above deStribed premises.
~ C-Premiv:ns on such mo:t~r.ge guarenty ins~rao:e as rncrtgagee shali fro~n hrne to time deem fit to carry on the bsn~~aeet~' ht~rebyr
i Mortgagee s~a l`rcm r~n~e ta n~,e nor~f; mo~ry;gcr :n ~~~it~ng of the a.*~oc~t d:,e and payable hereun~er and such s~ll th*eu be due and
4 ~yable on ~he dve da•e of rna nr,ct „ o~ti,~y pa~:::-•,~r a~d each succens~~e mOr:1h ei,e-eafi~r ur.tit mort_r.agee shall not:f~t~~gerf a~ e in sueh
a~.ount. Such s~ms sha:i be app.~ed b~ mcrry,___ +o.:erd rie p~>ment of rz~1 proae~ty ta:es, inwra:~cr prem,ums, Jn
•~inON~~~~}3ryf~~-inayratice
~ nremiums. • ~ AC • ~ G :
IN tVlTNESS WHEREOF, the sa~d ti50R1GAGCK has here~+•~to set his }yaFd,~Qteal :he day and year first.~for TRl: u~"
~ Signed, Sea!ed and dr'i~ered in the presence of: f~«r ~;~u~~~r F~A. BACKUS ° ENTF.~~~&~ ~
I
j~PpRATfiD
S7. LU : ~ _ , : p •
! _ F;, , ~ • , ~ p • ,~-~ei~ ,
~ _ r~E,.~`' : .i :.,~R; J b' p.
~ "J ` e ' n ~
~ - - . -~`~L ~ ~ ~ ~b .Frederick B. ~sti ~'eside
~t__- Mar 7 t vs Y
~ _ ~ - - ~ -
~ _
3 1. ,
~ STATE OF FLORIDA , COUNTY OF ST. LUCIE UJ
~ I HEREBY CERTIFY, That on this day of _~Y , A. D. 19 76 ,
L a
~ before me personally appeared Frederick B. Guhse~ :
;
~ ~x7p~ekyc President aod _ -~O~C9c_ , of ~
_ BACIQIS fiNTERPRISES INCORPORA?ED , a Rlozida Corporatian, to me '
~ known to be the ~aerson described in and who executed the foregoing instrument and acknowledged the exe- ~
~ cution thereof to be h i~ free act and deed as such officer for the uses and purposes therein mentioned; and that he ~
~
_ affixed thereto the official seal of said corporation, and the said instrument is the act and deed of said corporation. ~
~ WITNESS my hand and officia{ seal at Fort Pierce , said county ~ d state.
~ This instrunent prepared by ~ , ; - ~ ~ ~ ' 'j . r
John W. Collins '
~ ~lotary P blic, in and for St'ate aA~Cto ty.a~d " aid.
First Federal Savings and Loan j~
~ Association of FoZt PielCCe My Commission Expires: , - .
~ 1--`~tl; f;~ /j,%
~ .
~ - _ . . < ~ r _ . . : r- _
~
Checked BY - L~ L 1 ti . t
~ ~ _ . ~
~ 25? FacE 3~ - . ~ -
~ - . ~
;
y~