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Home My WebLink About0830 ~ ~ ~ 3. To PIK~ and conr~nwu~ly ke~p on ~M bu~~d~rgs now w hN~~hM s~h,•t~ on satd laod and on atl pu:pn~nl ~r+d pNfon~lly cov~a~d by thi~ mortQ- al~, w~~h dl p~«n:vm~ ~M.~on pa:d ~o tvll, lu~ in~u.•nc• ~n th~ vwal s?+nda.d policy fam, in • ~um app~ov~d by IM MORiGAGEE, and winduwm imw~nc~ in ~M uswl sund~.d pol.cy fam, in ~ sum app~ov~d by ~M MORTGAGEf, in wch company o~ compan~~+ as tM MORfGAGEE n~+r d"u~dt aod all (ir~ ~nd w~nJ~tw~n inswanc~ poiKi~~ on any oF sa~d bv~id~ngs, ~ny in~H~~ tMr~in a pul ~F~tot, k~ t!» aqg~ey~~~ swn afa~~aid w i~ ~ac~s~ 1hMwf, iMll canlain IF+~ uswl sN~dud ma?g~gN tiaus~ a sucA a1+N clws~ as ~M MatgagN m~y rpuu~ m~ki~q IM los~ w~dN ia~d poiL cies, ~~ch and ~vNy. parabt~ ro saNl h10RiGAGEE a~ ~n inr~.~st n+ay app~a?. and ~ach ~nd sv~ry ivch pohcy ~h~il b~ p.pnptir as~qn~d ~nd d~liva~d ~o •ny h~id by s~~d MOATGAGEE as (ur~h~r security to a~:d .na~pa9~ d~b~, a~d, not 1~~ ~han ~M (10f d~y~ in adva~c~ of tM ~apirat~on of ~ach policy, ~o dr I~~N to s~~J r.WRiGAGEE a ~~wal the~wf, ~oq~thM w~d+ ~ r~c~:pt fo~ ~M premiwn of wcf~ r~n~wal; a~d N+M~ sl~all b~ oo fir~ a winds~orm inuu~~u pix~d on +ny oF sa7d bu~ld~y~. any ~nrerest tF~~:e? a p~.t the.wf, unl•ss in tM fonn ~nd wiih ~M b» payabl~ as ~fa~s~idt and in ~M ~vMi any sum of ~noMy baco~ms payaW~ ,n+d~. s~.th polity p pol:ti~s said MORiGAGEE shall Mw th~ option ro rec~iv~ and apply tM ~xn~ on ~aount oF ~M ind~b~~d- nesa ;;c~r~d he~aby w ro p..rn:~ sa~d MOR~G~GOttS ro~euiw ~nd uw it a~ny pa.t ~he~eof fa othe. purposes, witlaut t1+i.eb/ wa~ving or ur~pai.• ing any cqu~ry, l;en a ~ipht v~ a by v'utw of this mo:r9apr, a~d in t}w iv~nt s~~d MORfGAGORS ~i?aU (w any reason fafl lo kNp tM said pr~misss so in~ured, w fail ro d~1~~M prounprly any of said po~~c:~~ ot i~iura.u~ to se~d MORTGAGEE, w fail promp~ly to pay (ully any pr~miwn tMr~fo~ w ln any respect fai! to pe~fwen, dixha~c,N, eaecu~~, effM, comple~~, cwnply wieh and a~d~ by ~F?~i cov~nan?, a any put herwf, s~id MORTGAGEE may plac~ u~d pay iw s~ch insuranc~ w any Fert tharaoi withoul waiviny w ~ffettirtg any opfion, li~rn, equity, w r:ghl undN q by virtw of tFws Matgap~, and th~ ivii a~~~~:~+ of each u+d ev~.y s~ch paymrnt shall b~ immed,atily dw a~+d payabl~ and sha~l bea~ interosl from tM dab tMr~of uotil paid a~ tt+~ ~a~~ ol ni-k p~r ce~tum pei anrwm and fo~rshtr with such intt~rst shsli be srcured by tM li~n of th;~ matgag~. 1. To perm7?, coinndt a suffe. no wa?ts, impa:rm~nt w da~e~iorar~on of sa~d prop~rly a any p~A thNeof. 5. Ta pay all and s:wpuiar tM costs, charpes and expensas, includ~ng a reasonaW~ +t?a~ney's fe~ a~d :.osls of abshacts of titl~, incun~d w piid at any time by said MORiGAGEE, tiecavs~ a in th~ event of Ihs failure on tn~ part o( th~ said MORTGAGOR lo duly, p~ompNy and fully ps~form, d~schKg~ eaecs.~s, efFeu, compter~, comply w~th and ab:da by each and every the :Kputae.ons, agraemenrs, cond'a=o~s, ~rn! co~~nanrs of sa~d promi~wry nofe and th:~ mo?tgaga ~ny w ci~Mr. and ss~d coa:s, charge~ and e,eprnses, each and evary, sMil be immedialely dw u~d payaW~; wM1l+N w not tF~e?~ be notite d~ marzd, a~tempt to collect or suit pe~d~ng; and tM full amount of exh and every such payment shall b~a? interes~ f~om tl» date thereof un~it p~~d ~t tht rate o~ n~ne prr crntwn pw an...,T; end aU said co~», c~ar~es a++d ex~nsss +r.curred w paid, tog~~her with suth intersst, fhall b~ s~ew~d b~ ttw li~n of th:~ mortgag~. . 6. That (a) in tM event of any breach of ti?is Mo~tgeg~ or d~f3ult on th: pa~t of the 610RTGAGOR, w(b) in th~ ev~nt ~ny oi said sums of mone~ hereen r~frrred to bs not prompety and futly pa~d within th;rty (30) days n~:t aftar ih~ sam~ sevnatty betome dv~ a~d psyabl~. withou~ demand w no~ic~, or in tha event exh and ~very ~h~ stiput~tiora„ agrKmanrs, cwKl~tans and covenants of sa:d prom~ssory not~ and th~s mwt9aq~ any o~ eitixr ar~ no1 ~ulY, p.ompely and fvUy p~rform~d. d:uha.ged, execut~d. effect~d, compt~ted. compl;ed with ~nd ab~ded ~iy, th~n in eatFw w a~y t~xh twnl IFi~ said a¢ g.egat~ wm mentiontd in said promissory note then remaining unpaid, with inrerest atuued, and all moneys s~cured her~by, sh~ll betorn~ dw a~d p~y- . able fwtF~w~th, or the~eafter, s~ rha oprion of said MO~TGAGEE, as fully and compktely aa if aH of the said sums of mon~y wsr~ orpinatly slipula~ed to b~ pa+d on such day. anyth~.,g in sa:d prom~ssory .wte a in thia Mortgag~ to IM contrary notwithstanding: a~d ~I?Kwpon a the~~ahN tM op~~on of sa~d JAORTGAGEE, wirhove not~ce or demand, wit at taw or in equity, th~refwe a the~eaftn begun, may b~ proa~cuted as if all mon~ys s~wr~d Mr~by had marured pnor to ~n institur;on_ 7. ihat in tl+~ event tMt at the beginninp oF a at any tim~ p~nd~~g any suii upon this Mwtgag~, a to fw~dos~ it, w fo r~fwen i?, cv to ~nfwcs paymenl of a~y claims hereunder, sa~d /AORTGAGfE sivl! apply to t1+~ Gwrt having 'ry~isd~ctiw~ thereof for tM sppo:ntment of a R~c~ivN, wch Cou~t skall fwt}+with appoin: a rec~ivM of said mwtgag~d p~operty all snd sirgvtar, includ,ng atl snd sinqula~ th~ incom~, proF~n, iswq ~~d r~r~nws frpn wM1~vN ' sou?ce derived. each ~nd evavr of which. it btiny axpreasly underatood. is hereby mdtgaged as if sp~cifiully s~t fotth and detoibd in tM y?~ntirg and hab«+dum clavs~s he?wf, and such Receiver shall have aIl tf+~ broad a~d effecrive funct~ons and powero in anywis~ entrv~t~d by a COY/f f0 i RKf1VK• a~d svch appointment ahatl be made by such Court ss an adm~~ted cq~ity and a matter of absolut~ r'~yht fo s+id MORTGAGEE, ~.~d withouf r~fKenc~ to th~ adequaty or in~dequscy of tM value of the property mwtga9ed w ro tist solvency w inwtvcnty of said MORTGAGOR w The def~ndanb, and thal sucb renrs, proFies, inco~n~, issw~ ar~d .evenues shatl be appiied by s~xh Receiver accwd~ng to d+~ lien or equity of said MORTGAGEE and tM p~actit~ of such Couet. 6. To dvly, promptty •and fvlly perform, ~xi+arg~, execut~, eHect, corr~lete, aomply with and ab'~ by each ~nd w~ry tFw stipulationa, ~gr~em~nts, conditans and covenan~s ~n sa~d promissory nWS and this mwtgag~ set fwth_ ! 9. That in tts~ event the owr.ership of tM mortgaged prem~s~s, or any part tFxreof, becomes wstsd in s p~rson other than tM MORTGAGOR, tM MORTGAGEE, in succeasors and aasigns, may, without nof~ce ro ~he MORTGAOR, ds~l w~t6 such successor a succ~asor in imeresl with r~ierenc~ to this mortg~gt and Ihe dsbl herebr secured in the sams manr+rt af with Mwtgagor withouf in any way vitiating p dischsrg'wg f}N Motfgagots' (i~bility h~rt under a upon the debt her~by xcvred: No sale of the Frem~ses hereby mortgaged and no Fabearanu on the pa~t of th~ MORTGAGEE w its successon - or assigns and no e:tension oi the tima for tM payment of the debt hereby secured given by the MORTGAGEE or its suct~ssora w sssi~rts, shall ops~~l~ fo release, d:scharge, mod~fy change w aFfed ths orig~nal liabiliry of Ihe l~10RiGAGOR here~n, either in whob or in put. 1~. It is speufically agreed that time is of the cssence of th:s contrad and tiw~ no waiv~? of arry obUgat~on hereund~~ er of t}w oblipation s? cured hereby shall at arry time thercafter be held ro be a waiver of the terms hereof or of the inst~ument secured herby. IN WITNESS iQHEREOF, the said MORTGAGOR has hereunto set its hand and seal the day and year first aforesaid. Signed', sealed and delivered in the presence of : HUTCHINSON ISLAND LIMITED PARTNER$~FiI~..ESea'~;~'~;, BY : GULF OIL REAL ESTATE DEVELOPPI~~Q'~ i ~ ~wK~ CO~,PANY (General Partner) pI~ ~ ~ . ~ ~ . ~ ~ -1 ~ / - r~ - ~~.t I By t ~ ~ ~ ' ~ _ : . ~ FLORIDA e L. Krchnak, Its Assista~. ~ceasu~ter 1 ~ STATE OF ) - (Co~., iS~~1~)'~- ~ S S : ~ ~ COL~ITY OF ST. LUCIE ~ - - ~ ~ I HEREBY CERTIFY that on this 3dth day of June, 1976, personally ~ appeared before me JOE J. KRCHNAK, Assistant Treasurer of GULF OIL REAL ' ESTATE DEVELOPMENT COMPANY, a corporation, to me known to be the person ` described_in and who executed the foregoing instrument, and he acknowledged the execution thereof to be his 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 that said instrument is the act and deed of said { ~ corporation as General Partner of HUTCHINSON ISLAND LIMITED PARTNERSHIP. ' r i~ITNESS r~~y hand ar.d official seal in the County and State a£oresaid, : the day and year first above written. ~ ~ r ~ k ~Ll,/`C..~ ~ Return to: Notary Public, ate, f Fla, at Large i ; F'IRST FEDERAL SAVINGS & LOAN l~iy Commission Expire~s f. „ i ASSOCIATIO~J OF FT. PIERCE r:r c;;n~~..~~ E,:._; i;,;i. ly» ~ E Fort Pierce, Florida ~.~w~ ey ~,c~ T s ~ t ~ • THIS INSTRUMENT WAS PREPARED BY ~ '.i ~c 'i~~ - i ~ FRANK FEE - fIRST FEDf.RAI BLDG. , ~ ~ ' ~ ~p fORT PIERCE, ELORIDA ~ ~ . : ~ Chec};ecl bY ~h- `s . L : ' 3 y ~ 'I ' ~`e~2 . G~ ~S ~ . c:_~ ~54 PAGE SW „ : ~ , y~ •~~s~~~~~i< . ~ • • ~ fi~ v r ~ _.<< - ~ ~ - - - - - - - - - - - - - ~ - - ~ ..u. . _ . ~ ~