HomeMy WebLinkAbout0406 J. To pl~a ~~d conrinuovsly kNp on th~ buildinps rww a I+M~~ft~? ~itu~q on utd land and on dl pulpn~m ~nd p~son~lly covKed by Ihis nwrq~
q~, with ~tl p.~a~iw~u ~h~r~on p~~d in tut4 (i~~ iowru~a in tM uwal u~d policy (win. In ~ wrn ~pprowd by th~ MORTGAGEE, u~d wi~tam
insura~ M iM v~wl ~qndard pol~cy tan~, In • wm ~ppror~d by tM MORTW?GEE~ In wch can+p~ny a oa~pan~ M ~M N?ORTGw~3EE n++y
dindj ~nd ~II fk~ and win~ro«n? iniwana polkip on any d saW b?ild~e~, ~r te~a~ tMr~b w part ~Mrwf, h ~tw pp~~e~ we+ ~fa~fd ot fi
In ucaa t1iK~o1. slwll oom~ tM uwal W~ndard ma~pp» dauw a wch al~ dan~ a ~M MorqpN m+Y requ~n. ewth+p ~M loa unda iaid Po1F ~
ct~. .ach and .v«y. wr+bN a ak! MORTGI?GEE a ia tn~.N mar .pwar. .~d ..cti a~d .wnr wch porcy .h.~~ b. pra~+ir .u:~.d .~d d.~+w~.d w ~,i
~ny Mld by wid MORTGAGEE u fwtMt Nturity ~o s~id mwtpap~ d~W. Md. nw bu tMn bn (101 d~y~ In ~dvana of th~ ~xptr~~ioe oi Nch polky. ~o d?
tiw~ b wld MORTGA(iEE ~ i~w~l ~herwf. Iop~~Mr wi~1 a natpl for ~M p?~iun~ al wd~ ?~w~l~ a+d ~Fwr~ sh+ll b~ no la~ a wfnd~~am insw~
plaud on u~y ot s~W b~lldieq~„ ae?y inb.at tlwnin or pan Nwnof. vabss In t!w fone and whh th~ las p~rabM a~fa~ald~ and in tM ~wiM anr ~ww
of mon~y beca~w~ pay+bN w~ wch polky a Polici~s uid MORTGAGEE aMll Mw ~h~ oplion b naiw ~nd ~pphr tM wn~ on ~cooum of tM ind~bt~
~ Ncw~d h~r~bp a a pamN ~id MOitTGJIGOitS ro reo~iw ~nd uN H a~ny p~r~ rM~~of fa othu pwposN, wi~hout ~AK•b~ waivi.q a irnpair• '
~+~Y ~~h. li~n a rfqh~ undM a b~r vktw of tAis matp+p~r aed tn tM ~wnt ~a~d MOR?GJlGORS sA+11 for ~ny nawn f~il ~o kNp th~ ~aid pr~a~ss w;,,• ~
a.w.d~a f.x a d.~tw~ o~o~y .oy of .aw ~ of ~«+o. ro a~d MortTG~~, w ~•t~ v~«~~~r b wr w~b +M? w«~w~+ ~ha•ia. a tn a~y
?Np~ty t~tl b pMfonn, diKl++?W. ~x~eut~ ~ffat. eanplN~. eon~plY with and abid~ by Mb aov«+an1, a~ny p~A Iww1. aid MORTGAGEE ~~al? Pba ~e~d
p~y /o? wd~ Yawanu a~nr part tl+N~o1 witho~t w~NYp a~fhdYg anp aWbr4 li~n. pvih. a rqM wwbr a Qy virtw of tN~ Ma~~+p~. ~nd th~ ~
fuu .nwum ,of .«h .oa aw~r .uch p.ym~nt .b.u b. imn~dla»ly dw «id p.y.a. .nd s+uo b.,. im«..~ t.oe+ +h. d.b thc..of w+~il p.~a ~1 th. rn. ol ~
~ine pM antum pa~ ~r+nwn ~nd fo~ethe? with wch int~rtit ~ha{I b~ secund by tlr li~n of thi~ rnortpp~.
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To pKmit, oommA o? wfia no waN, impairment ar detNioration d s~W propKry a~ny part tMr~of.
5. To pay dl and sinpul~r tiN eo~tM ch~rp~a ~nd ~xpwnes, includinp a r~asaubb ~ttorn~y's f« ~nd cosN of ~btNacri of titl~. incvn~d a p+td M
any ~un• bp ~+W AAORTGAGEE. b.cws. a in N~ .w~u-d ~h. 4ilw. on ~M pan oF th. s~td MORTGAGOR a duly. Womp~b w~d fvlM PKfon~. dhcA+~?
~a~cvt~. ~thd. oanPkta, aompb with aod ~b:d~ by ~~d+ ~nd way tM stipdauaw ~prNmM?s. oonditiora. ud cownw?ts of wid promisary non u~d th4
~+0~ +M? a es~Mr, ud aid ocsM„ d~upa and ~xp«a~s, Nd? ~nd ~va~y, sMlt bs 6rrn~di~kly dw ~nd pay~bht whaMi w not Ma~ b~ notia d?
m.nd, •mmpt fo aoll.ct a wh p~d'inpr and rM tvll amo„e~ of •.ch ~nd w..y wch paym.M ~I+all b.ar in~~t fran M. d~» fl~.of wai{ patd n rhe
rate of niew per antum pt~ arwwmt and dl ~Id costs, chuy~a and ~~cpenses MKwnd w paid,. topttMr with suth ituauL shdl b~ we~nd bp th~ Iwn of tha
mortp+p~.
6, lfwt in the ~v~ret of any bnad~ of this Monpsp~ a d~favlr m th~ pan oi t!r MORTGAGOR, or (b) in tM ~wnt ~ny d wid wms of mo~r~
Mt~~ r~fHrd ro b~ nW promptlr a~d fvly paid within fhirty 130) d~ys n~at ~tter tM saen~ s~vu~Jtq b~eo~rN dw ~nd MY~bN. whhow d~nd or notk~.
e? W in tM ~wnt ~ach ~nd ~wry th~ uipulations, ~r~a+nent~,. conditioos and cowe+nb of w~d prom~uory na. and rir's nw~~pap~ ai?y a Ndw an na
~+~r. a~?Mh •~d 1~y P.~f«m.d, d;~,~.9.d, •x.e~ad. .ff.n.d ~.r.d, ew~~.d ~rti a~+d ab~d.d sy, eh«~ ~~~h« « a~y w~h .w~u ~h. aaw
p~epab wm n~ee?tioned in iaid p~omis~wy ooq then nmaininp onpald. with intayl awved, Md atl moeeys wcand Mreby. ~MII beoonN dw ~nd pay~
~bl~ fwthwith, a thsreaftM, at tM option of said MpRTGAGEE, u fvlly and compleMly u if all of th~ qid wms of rtwewy vwn aip~ly s~~pu~and
to be paid on wch day. +~Ytfiiig ir~ said promiswry noM or in this Mo.tya~ to th~ connary nofwi~Mt~odinp: u+d th~r«+pon or the.taftw a~ th~ op~ion d
~aid MORTGAGEE, witho~N notia w dMnand, svit at law w in ~uity, tMreion a tha~shK bqwb may b~ prw~t~ted at If dl monepa s~w~~d Iweby
h~d mafw.d pra. ro~n ~ns~m,rion. r • ~ -
7. iMt tn tM wenl thaf it the ~syinninp of or ~t a~y tim~ ps~d'up ~ny wit upon thb AAat~aq~, a to fondoN it, or to nfonn N. a fo ~nforo
WY~t of any tl~i~m h~.ew+der. s~id MORTGAGEE sMll apply b tM Co~xt haviny jwisdinion Iherwf tot tM ~ppointm~M of s R~c~ivM. tutl~ CouA sh~ll
forti~wrhh ~ppant a reuiwr d s~id mo~t9+9~ P~~b dl ~nd sinpv~, inchidug all ~nd tin9ulu ~ 6+oo.m. Profits. i~w~ uw! nvsnw~ from wh~tew~
wwa d~rired. ~ad~ ~nd wery o/ wliKh, it beirg ~xpr~sslp w~derstood. is hereby mortpaped as 1f sp~cifiuly ~et farth and dNCrib~d in !h~ prantinp and
~ Mb~ndum clauses harwf, M+d such R~oeiwr shall haw NI tFr broad and ~ff~ctiw funa~o.n and powas in anywi~ u~t~usad by a Cowt to a RKeivM. u~d
~ud+ ~ppotntm~ro shall be msd~ by such Courf as aa ~dm;tted pviry ~nd ~ m~na of absotute riph~ ro aid AhORTGAGEE. and witAout nfKerw b th~
adpu+cp or In~d~qwry of tM valw of ~I~e prop~.ly morty~p~d or to tM whrency a insolvency of uid MORTGAGOR w th~ d~f~nts, ~nd that wd~ ~
t
rents, profits, inopr». hsws and rwenws ih+il b~ applied by such Recehrer accordinp to tFr lie~ or pvity of said MORTGAGEE and th~ practia of such
Coutt. . ~
e. ro d,N. PromPtly 2nd fulb Pi+form. disch+~, e:eMe. ~ffcct. comPka, complY with and abid~ by wch and ~wry th~ stip~latiom„ apr~
co~ditiom and oovenana in said p~omissory not~ and this mwt~p~ fet forth. ~
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9. That in tM w~nt th~ ownenhip d tfit mortp~yed pnmise~, or ~ny put thereof, becarn~t wsted in a pKSOn other than th~ N10RTGAGOR, th~
NIORTGAGEE. its wtc~awri ~~d ~ssiyra, m~y, wi~how notics to the MORTGAOR, desl with suth sua~ssot p suoceuor in intKqt with ~tferenos b thi!^.
mortQa~ and tF~ debt hereby }ec~red In tM sam~ manner u with Abrt~a~w without in ~ny way, vitidinp a discharpinp tlK Morfpapors' li~bility hN~
undK a upon tM d~bt Mhby sea~~d. No ~al~. of ih~ p~emi~es hereby mort~~d uw! ~o fo.b~aranw on th~ ~t of ~M MORiGAGEE w its wocesson
a auipns ~nd no ext~nsion of th~ t+m~ far tM paynreN d th~ d~bt hereby a~cured piwn by th~ MORTGAGEE or ib wtasaas ar asgi»„ iMp op~r~t~ ~
to r~lease, d'acfiu~. nwd'+fy c}wnp~ a affeet tlr wig~nal I~ab~lity of ~M MORTGAGOR Fw~in, eitha in whob a ia pvt. ~
10. h b spedfially apread thsl tien~ ts of th~ ewn~ of this contract u~d tMt no waiwr oi anr obliy~tion hawnder a of th~ oblipafion aF
cw~d iMnby shall ~t am tirM the?wNer M iNld to b~ a waivtr of tht titrrn~ lwnof ot of tM Irotnimad a~cw~d Mrby. •
I1. In add~~ion ro N+e foreya^9 ^~~~r P+r~+a of princ'pal ~nd interast ~equired by the promis~ory noN setw~d har~by, mortp~yor oov~ants -
snd ayrees to p+y to mortyaga+ with esch mon~hlY p~ym~nt sn add~riwul swn e~timated by mo~tyagee to b~ eqwl to 1/12 of th~ snnwl cost of th~ fdlow-
iog: ,
A-All real property tu~s 1sv'~ed w assesud aysirut tbe above described reat ~staro.
B-Premiums on fire and windstwm inxxants as herein requ:red b be u~ried on the improvam~nts sitwt~ on the abovs desaibed qemisp.
C-Premiums on svch mortyage ywrH+ty iru~xance as mo~tgape~ sh~ll from ume to time detm fit ro cury on tht ban ~ecwed hereby. .
llAort9agee shsll irom time to time notify mortyapor in writiep of t!N amount dw ~d paY+bl~ herwnd~? +nd svtb s~m+ sh+q thar~upon b dw ud
' payable on ths doe date of t}~e next monthlY paYment ~nd esch succestive month thereafier until mortp~et shall ewtiir mwty~pw of • cMnp~ in wch
i' amount. S~ch swm shall be sppiFed bY nwrtyayee toward tM payment of real poperty ta:es, inwr+nct prem:ums, and r
, pua ~mY &uu*ana
~ IN WITNESS WHEREOf, the said MORTGAGOR herevnto set his hand and seal the d~y yt finf sfor -
~ s..+.a .,+d d.~iw..d tn d» w««?u Benchmark C s ucti n ~Y oil~?°~o=p '
.~11 +5 12 09 ~M ' , ~nt
fItEO AND REC01oE9 • C 21son ~ cre
3 ~'~OCER P~OiTRiS ~ O
STATE OF FLORIDA «EpK LIR~UtT COYRT
~a~~ c r_ ~--v ~~OpovER~?~ED,,. Gelaine Hutchinson,Treasurer
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~ .~34f' ~r~i.--..
. -~,"1~`J•::~v..'; .
'`I;«,~t?~`:~ `3~~
STATE OF fIORIDA COUNTY OF 5T. lUC1E
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I HEREBY CERTIFY, That on this ~ day of Januar --~r ~'~+~~'~r
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befo~e me personall ppeared Vernan C. Rhinesmith and B u
Gelaine Hutc~i~nson ` •;,.r~ s
respectively T't'S President and TTS Secretary Tts Trpasur~. ~~i:~{.i:-
~ Benchmark Construction Company Incorpo rated Florida '~-~i N=~
po?~~~
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known to be the persons described in and who executed the foregoing instrument, and severally ec~'o~r~~c{_~e¢~lhr~!~
' •;~='~~1-~~
cution thereof to be their free act and deed as such officers for the uses and pursoses therein mentiorie~'€bf {~tiiit~~Aey~ + ~
~ t~`- y~! ~
affixed thereto the official seal of said corporation, and the said instrument is the ad and deed of se~~ t~tEo~'~•;~
WITNESS my hand and official seal at Fort Pierce St.LuCfe Flori ,~~d county and state. f`~"~"'``~~'
2his Instrun?ent Prepared By: - . • - f -
Gary F. Sllarood ~ ..a-zc~ ~~a~ - _ ~ ~ _
First Federal Savings and Loan Notary I~c, ' and for State and Counfy~fore~~
Association of Fart Pierc~' Florida My Co mission Expires: ae+a.y r~n~, sr~.' ,r~o~r' i~° ti'~
REZURN ~ ~ c«~~~~;~ f- ~ ' 1
~ r rj
~'~ti ~ •
First Federal Sah~gs ~e- loan Asso~~ br ~^x~a+- ~w~~s 1a _
A1 Gn.f D..~.~~ r._ . •
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