HomeMy WebLinkAbout0403 • ;
3. To pl~c~ and ca+tkwouily kNp on ~M buildi~+p~ now w M~NftM ~Itwf~ on iaid land Md on ~U p~ipnwnl ~nd p~twn~lly tOVN~d bY thb nw~t4' i
~p~„ with all pttmiums ~Mr~on pa~d in full, f'u~ insu~u?a in tM uwal uand~rd policy form, b• wm ~Pprored bY tM MORtGAGEE. ~nd windaro~n~ t
Laurana in tM uswl ~~andud pol+cy tan~, In • wm approwd br ~M MORTGAGfE, in wch canpanY a comWnla a d+~ 1MORTGAGEE inay ~
dinai «~d ap tir~ and w~bwm+ bawMa potkia on any O~ NW 61111dif~Qs, My 111Ntpt IFNt~N1 Of pNl iMI~. fn ~M pprpa~ ~w++ a(a~s+fd a ~
b u~o~ ~Mr~of. ~!?all con~~in ~M wwt standard ma~p+pN clauw a wch whN dauN a N~e Mo.f9pN m~1? nquw~. nwkMq t1N loa wdM ~d poli~
cfN. ~ach ~nd tvery. WYabI~ b aid MORTCsAGEE a~ ~n tna~.u ~+~.r ww+~. and Ntb wd ~wry wch po1ky ~MII b~ W~tly ps:pMd Md d~liv~nd to ~
~ny MW by wid~MORTGAGEE ~s iw~AK s~cwity ro satd mortyap~ d~bt. and. no~ l~ss ~Mn Hn p01 day~ in ~dvana of tM ~uph~tion of ~ach poNcy. to d~ r's
liwr ~+o aid MORTGAC3EE • r~wal tM~wf. lopttl~ wiM ~-r~qipl fa tM pr«niwn of wd~ r~wai~ and tMn ~MII b~ eo fit~ w wind~~am irnw~na l.
pl~ad on anp oi said buildMq~. ~ny IntKMt ~Mnin a put tF~w~. unlsss 1n tM !am ~nd witA tM loa pa~sb~ a~fo~~id~ and i+ Ih~ ~wM ~npw~ ~
of mon~y b~cana pay~bh w~d~r wch poikY a polici~s ~+W MORTGAGEE ahall Mw tM op~ion a r~uiw and apply tM wn~ on aaoowd ol ~M kd~bt~ i
~u s~cvnd h~~b~r a b pKmit said MORTGAGORS a r~ai~~.~nd vN b a~nY p+rJ tMr~of fa o~ha purpo~, wi~hout thareb~ w~ivinp a impair- ~
~np M1? ~4~+~t1/. It~n a ripht uod~. a by vlnw of ~his mort9api~ M+d in dN ~v~nr wid MORTG/?GORS sMll fa aay nason iail W kNp th~ s+id praniw~ w
Ir~w~d. a idl b ddiwr P~~H MY of ~id pdkha of in~x~na ro wid MORT(i1?GEE, a f•il P~~Mb b WY fv11Y +~Y P~•miwn 1i?Kda a M? ~ ,
?np~ct f~il a pafam, dixlwry~. ~:~cv~~e, ~fhct. oon?Pbu. oomplY wi~h ww! ~bid~ b~r tha oownanr, a a~y p+h ha~af. s~~d MORiGA~iEE m+Y P~ ~ : ~
P~r for wd~ imwano~ a ~r?y p~A tMno1 wirAow w~hrinp a~ff~ttin0 +iw oWia+. IMn, pvnl?. o~ ~ipM undM a by v(rtw d thb Mat~, and t!w - ~
fup .na„n~ of .ach a~d .w.y wd~ p.ym.m ~ha11 b. immed~aNly dw a+d P.yabb .nd slwll Ma. ~+rK.,~ fran M. dan t1+Kwf vnNl patd a Nr w» d <0.- {
niM pM an~wn pn uwwm and ~opa~Mr with wch int~.~r aha11 b~ wcund by tM li~n ot Mi~ nwrppt. ~ ;
1. To PKmit, oanndt or suHK no wat~. M^Wke~nt a d~t~rioation of s~id propKty o~ ~ny p~f tiw~of•
S. To p~y aq and siapula~ th~ cosh, ch~r~ u~d ~xp~met„ irKivdinp ~ n+saybk ~nan~y's f~e s~+d cab of absn~dt of titl~, (ncvn~d w p~id N a.-
~ tien~ by ~id MORiGAGEE. b~uvs~ or In tM ~wet of tM failur~ on ths p~rt of tAt said MORTGAGOR 1o duly, pranptly +nd tvlN p~rfwm. d'aeh+rW?
~x~n,ta ~ff~d. oon+Plete, oo^+PN wi~h ~nd abW~ by ~ad~ ~nd evKy tM ~tipvlat~orw ~pr~enwms, ooedkiorr. a+d oov~nant~ of safd p?omtswry eoq ~nd thb
mortp~p~ ~nY o~ ~itM?. u~d s~k! coals. d~?p~a ~nd ~xpsn~e~. ~ach +od wMy. ~MII b~ Mm?»diat~r dw ~nd piyabl~t wMtM~ a ~ot tFwt b~ nwic~ d~ ~
mend, ~fhmpt to cotlect a wit pMdnp~ ud tM full amount of ~ach u~d ~wry wch paymaa ahdl bN? banst fran tl» daN Mw~~of u~aN pNd N tM
rate of ~.i~w p~r cenrum px aruwmj and ~11 ~id costs. cMrp~s and ~xp~ns~s 'wKw~~d or paW, top~tF~ with wch 4uKat. ~MII b a~cw~d ~r tM~ li~n of tha
mor~p+pw
6. 1Mt in tM w«+t of ~I bn~ch of this Mort9~ o~ d~fwlt on t!r p~rt of tM Al10RTGAGOR, o? (b) in tM w~nt aoy d s~id MNns ot moMy
henin r~hn~d_.fo b~ ~+w panptb ~~Y Wid within thirty d+ys n~x~ ah~r tF» sarn~ s~wratlY becan~ dw and WY+bM. wNlwv~ d«n~nd o? nolia. .
or (c~ in_th~ ~vMt ~ad~ ~nd ~wry tM stipviatiorn~ pr~smenri, conditian and oov~nants of sa~d p~anissory iah and thia mortpp~ ~ny a~itl+w ~rt eo1 ~
iub. a~w~y •~a wih v.~om+.d. d~.yad, ex~wt~d. ~ff~ct~d, oanpl~?~d. comP~id with uid ~bided dy. tMn in eithK at a~y wcb ~wet tM s~id ap~
prepah sum m~ntioe»d in aid promisiory noN th~n rNnairtln~ Wlpiid, witF~ irNHHt Kttuld, llld ail narwys »tu~ed hN~by. ~11 b~cane dw and paY
~bi~ forthwitly Ot thl~NfiN~ ~t t!N option of s~id MORTGAGEE, p hill~l and oanpl~ttiy ~s if all of the said sum~ of moMy wen pgitilly stip~bttd
ro M pi;d an wch day. anytAinp i~ s~;d promis~ory rw» or in thb Mort9sp~ to tM contruy nawithst~ndinp: ant! tMrwpoo a tMreahM at tM option of
said MORTGAGEE. withou~ notic~ w d~man~ wit ~t law a in puity. t!w«fon or tt~~aft~r bpvn, rn~y bt p~as~cut~d a N~11 n~o+Ky~ Nair~d Mnby
h+d rMtw~d prior to ita imtihition. -
7. Th~t in tM ~wnt that at th~ bpinninp of or st any tirn~ p~ndiny. sny wit ~ipoe~ this Mat~ap~, w b fonelot~ h, a to rrfonn N, a b~nfaa
paymsM of ~ny d~+ms hsrwndK. said MORT~/1GEE shail ~pply to tM Cowt havinp juritd'xtan tiMreof f~,tM appointn+ent of ~ R~aivK. sud~ Court sMll
fathwhh ~ppoinf a nceh~er o! said mwtpap~d propaty all and sirg~lar, tncludu~ all ind sinpular tl~-M~iy, pofiM, btws and rw~nws from whatwer
wwc+~ daiwd. each ~nd ~very of which. ~H beinp ~xpreasty unders~ood. is her~by ma~aped a if ~pKi Nfor~h and dMCrib~d in tl» prNainp and
Mb~rd~ren davws lwrwf. +rd wd+ Reaiver shail Iww ~!1 dw brwd ~nd tN~criw fur?ctbns and povwn ha~~'~'n~ a~trus»d b~r ~ towt w~ R~aeiwr. ~nd
wcF? ~ppointmenr shall b~ made by wd~ Court a w~ ~dmined aq~riry and a rmnK of abaolut~ riyht. 1o aid TGAGEE. ~nd ~vitho~t nfa~nc~ to th~
+d~q~+qr a in~d~qwcy of tM vdw ot the popMry nwrr~apsd a to H+~ wwsncy or insotwncy of s+id MORtGAGOR a tM def~ts, and that wch
rems„ profits,.inc~e, kaws and nv~ws sh~ll b~ applied bp wch Reaive~ ~«ordinp to tM lien a puity oi ad MORTGAGEE a+d ths praetiq of wch
Cowt. .
a. To d~h. aa+w~y .~d h,ib v..~o.m. ~d+..9.. .x.a,~.. .~~a. oo~w~u, co~r wi~h and abid~ by wch ~nd w~ry th~ sNpulation~,. +p~ma~a.
mndiriona and oora~ana in said p.omasory nw• and ~his mo.~~+p~ a.r fonh. -
9.' 1~t in tM went th~ owrNnhip d th~ mort9+ped Pr«^isa, a. any part thereof, becomN wsted in a peno~ othN thu~ th~ MORTCsAGOR. th~
N1pRTGAGEE, hs succes~ors and aiipn~. msy. without naice to th~ MORiGAOR," d~al wirh ~uch succes~or or -wcosuw in intsrwt with nfe~~nc~ 1o this .
mor~ya~ and tFw dcbl hereby secw~d M dw wne m~rv~ as wi~h Mortyapw wi!hout in a?y way vitiatinp w disclwy'u~p th~ Morty+pon~ liability hen- '
~rdK or vpon the debt he.~by secwed. No s~b of th~ prem7ses M«by mortya~d ~nd ~o fwb~arsno~ on th~ pan of tM MOR7GAGEE w iN wonswa ~
w~aiipro and no ex~ensan of rh~ ti~ns fa tM paymem of th~ debt hereby secwed yiwn by the NWRTGAGEE w its sucasfon w ssigns„ shall opu~q
a rN~aw, difcFwr~e. mod'ifr'ch~ny. o._ ~ffeet tl+~ «ipin~l Ifsb~6ry of tM MORTGAGOR her~ir~. ~itM. in wholt a in part. _
10. It b spcc+ficatly ~pre~d th+t tia~t is of th~ essenc+ of Nds contrad ud tl»t no w~iwr af any obtipNion h~nw~d~t at d d» oblipNion sr
wnd 1?K~by sh~ll al ~ny tim~ thaeaft~r b~ held to be ~ w~iwr of tlw tenm htr~of or of Nr imtru~n~M suw~d herby.
11. In addition ro the forpo:^9 ~?~Y P+Yr*~?~s of princ'pa1 aed imKest required bp tht pomi~ory no~~ secwd hsr~by, maty+pw cov~nb
u~d aprNS to paY to mortyagee with each momhlY payrna+~ +n sdd~r'ansl wm est~mated by mortpa~ee ro bs pu+l b 1/12 oE tM anwal cost of the fdbw-
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A-NI real propaty ts:es levied or sase~sed against the sbove described ~eal est~ta
B-Premiums on fire and wit+dstwm i¢wnnce as herein re~~red to be pr.ied on the improvame~b situats o~ the above dew~ed pneni~es. r
G-Premiums a+ wch mortgags qvuanty inwrar,te as matypce shall from time to time da~m fit to tarry on th~ ban secvrd iwreby.
Mortpapae shsll fran turie to time notify mwtgagor m vwitinq of tlw~ ~mount due ~nd p~yaW~ hereuewlar and wd~ wm shall 1Mr~upw~ b~ dw and
pap~bl~ on tM dw dste of the r~ct monthlY WY~t ~od e~ch wooessive rNOnth tF+ereafter ~rnti! morrp~yee ~hatl norifY mortQ~por' of s thanpe in wch
~maxn. Such wms sh+ll b~ ~pplied by mortyayse towud the paymsnt of real property taxes. 4aunnc~ premiunu, and mort~sy~ ~u~?aMy~ iruwanc~
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! IN WITNESS MMEREOf. Me s+id MORTGA has h~reuMO s~t Fps INnd and s~al tM day a~d yt~? fi~t donsaid.-
s~»a, s«aa +~a a.+'~...a ~ N» w o+=- Benchmark Co cti C ~ Inco ated,
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AND RECOII EO j
~ =t• R6GEA POOITRI~?S ~ . ~ ~ p
STATE Of fLORIDA ~~R CIRCUIT COU~ ~ Sea
~ /yl RE1,yIWVE1tIf1E0 a e u c nson, reasurer
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STATE OF FLORIDA COUNTY OF ST. LUCIE °~r
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Jenuary ~ -"'~~:s, r' - -
{ HEREBY CERTIFY, That on this dsy of A~ `~--T--~S?
before me personall appeared ~~,,pe~-~.r-~~~esm~~~ and G• B. HutC~l3i1Sd11` (Y` ,
Gelaine ~~c~iinson Trea ~ ~ ~~`~~t ~
ITS ~ Secreta ITS ;~~x'~~' ;L~:~{."
respectively President and rY ~ R_, y
Incorgorated Florida ~~~"c ~4 .
Benchmark Gonstruction Company~ , _ ~ .n?~
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known to be the persons desaibed in and who executed the foregoing instrument and severally ackne~w , ~,,~uce-
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cution thereof to be their free act and deed as such officers ~or the uses and purposes therein mentioned; a,r~,,t#~1t;,~hsy~r-
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~ affixed thereto the official seal of said corporation, and the said instrument is the ad and deed pf,s~d aorporatioit~,
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WITNESS my hand and official seal at Fort Pieroe said county a stats.
This Instrument prepared Bys :~G~ • Y ~ ~ . •
Firs~rl~edbral1~°av~n s and Loan ; r_: ~
8 Nota ublic n and for State and Courlty'~I
Associatio~~N~rt Pierce, Florida My C~mission Expires:
Fi?stf~da~I3~vin~s ~ lo~ llssodelio~ ~t~~q ~a ~ aa~~`i~
af Fnrt Pirrr~ FwiAs
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