HomeMy WebLinkAbout0347 • 9. To plac~ ~nd wntMwou~h? kNp on tM buUdie~s now a Mn~ftM W~wa oe wtd bnd and ~n dl puip~u +^r 0«~b b'r? ~""0fp' i
.p. w~th d~ «niwea ~h«.on pa~d in fuu, nr. teaw«K. b th. wvd u.nd~.a poltcr iQnA, M. wa~ .pwowd a d+. MORTC~AGEL.` .ea wina~a.w
h?wr~na tn ~ vwal uand~~d po~icp fai4 In • wa~ spp~owd ~ ~M MOrtTGAGEE. G~ wd~ oowp~^1? M 1ti MORiGAGEE
di~~cq and ~II fin and windNOr~ Myw~na PoliciN on ~n1? wid butlfiw~, My M~NhN ~Mnln a p~ IAirwF. b IM a~p~M w~w ~lorN+ld a
tn ~xaw M~.wf. ~h~ll oonqin N+~ wwl N.nd~d mato+~w d+~n~ a wd~ alw daie» N 11N Ma/opN ~f? t~quk~, ~ Mr ba w+d~ ~aid poM~
ciN. ~+d~ and wNY. WY+bI~ b wid MORTGAGlE a ib Mn~nM ~11 ~PP~+~. ~~+d~ a~ w~~ wd~~1t~y ~all M pra~ph? a~:~d ~nd ddfv~d w
~ny Mld by s+W NWRtGA~iEE a iw~ s~w?M? a s~d na~p~ d~W na 1~ dw~ Nn llp dw~ le ~dv~na ef ~M Wr~n ol ~acA P~k11. w d~
ltva~ ~o s~W MOlttGl?GEE • e~wal tMr~of. Io~~hw whh ~ nalp~ hr tM,p~~ ~f wd~ ~~w~4 ~nd ~MN no fir~ a wind~lo~ M~~na
p{~ud on ~?1? of wtd bulldinp~, +iM1 M~t~sK N»nin a 0+~ w+IM~ In Ih~ ia+~ ~nd wNh Nr leap~r~«~hn~Wi ami b th~ ~wnt ~n1? wiu
of eaMf? beoo~n~~ Pw~b1~ w~ svch ~olkll a P~ ~atd MORtGAR'rE! ~h+ll Mv~ dn oM~ w naiw ~eidp~ tM s~ oe ~ooo~~ of ~M M~W~~ ,
n~» s~cvnd Iwnb~? o? ~o VwmN NId MORTGA~GORS W halw and uN M e~ aq PW Il~~o! fa o1Mt wNl+out IhM~bt/ w~ivkq a M~paN` - i
eu
M~p ~n~r puitl?~ U~n ar ~ipM widv « b~? vklw d~ matOpq ~nd N~~wnt wid MORT~iAGORS ~MII (o? an~? ~+wn hil to kMp
k?,u.~d, or f~tl a ddiw. v~~h ~^t? Pdid.~ ef MMw~na a wtd MORT~iAGE4 a f~il p.aep~iY to p+y fdhl +iMl P~'~
nsp.et f~ll q Pat«n4 dNch~9a ~x~wK ~H~d~ eompl~M, wUh ~nd ~bW~ tbN oo+hmnt, or «M? P+M Mld MORTGACjEE ~uaY Oba +nd
w
pay fo. sucb Mwur«~ w«~y part ~Mr~of wi~how w+h?MO a~ +iw aptbn, pu~b, a ~ipM w+d~r or br vir~w ef MN M«p+~. and dr
fuu «eoww of .,cA «+d fv«r wch p.rnMt .h~a b~ inwn.~+hh dw .nd.wr~bb «+d ~hau b... In~«.a f.om N» d.N ~A.r.o~ wwu paw a d+. t.» 01
nins pa ni+ewin pa ~nwm and to~tha? with wd~ MuKat ~)wll M wew~d b'Y tIN lirn of N~s mort~+p~.
1. To permtt. aoim~lt a wffar ne wat~, YnMM~eM or d~Nrbnlia~ of Nid proprrly or +np P~rt 1Mnof•
S. To p+~? all ~nd ~Inpular 1h~ cat~ d+~rYa +^d ~xp~+~, M~dud~ a na~on~bb ~nor~w~s fM ~nd oosri of ab~t+racq of NtM. ircwnd or paW M
ary tLn~ by s.d N10RTGAGEE. b~ca~n~ a In Ih~ ~vw+~ ot ths taiW~r~ on th~ prl o~ ~M aNd 1NORTGAGOR w dulp. W~*Wb ~~~11 P~+~ ~
M
~x~cvh. ~ff~d. ~on+PN~~;, ~omp11? wid~ M+d ~Wd~ ~ad~ ~nd ~vM? th~ ~tlput~tiom~, aprw~nh, aonditioia. ~nd aown~nls d uid pradawry? noN and lhis
morrp+p. +n1? a N~M.. and saW oose.,, d+ar0~s .~P•^~. ~ad~ and w~ry. sMq b~ t~.daay du. «d p~raW+j wh.~ a na N~a~ b~ ~w~ta d.
mand, attMnpt a ao11M a wit p~nd'a~p~ ~pd !IM fvll ~maint of sach ~nd ~r wch p+rn~nt ~MII bw Mt~nst han th~ dab d~aeel untR p~W N tM
rale of nirn p~r cenhan p~r ~nnw~V ~nd ~N s~W ooat~, d+upe~ ~nd ~xp~nws inarrnd p pafd. topNh~r with wch in~KMt. ~Mp b~ wa+qd b~l t!r INn of 11w
~
b. That W 1n N~. w~nt oi any bnach ot N~is Mo?tpap~ oa d~fauh on th~ p~rt o( iM JY10RiCsAGOR, w(W in tM w~n~ ~ny d~MW wns d nwn~y
henin ~~fared w b~ na pro~npNy ~nd tu11y p~id vri~hln tlwq? l~W d+ri Mx1 afta th~ wa~ ave.atly b~cain~ dw and pay~. wllhout dM+and a notio~.
or (c) in tM ewnt sad~ and ~wry Ih~ ttipulation~. ~0~~^~s. oon~tiona and eov~n~nq of said praniasorY not~ snd MNS nar19~ an~? a~iMw u~ eal
~uly, prcmptly ~nd fully paform~d, diacfwp~d, ~x~wad, sflw~d. oornpl~Nd. oarplid wi~h wd abW~d ~y. tMn M~itMr ar ~ wd~ w«M th~ s~id p~
p~cpat~ swn mr+tiond in wW pramiswry ~wn tMn nrn+fninp unp+W. wlth hhnst ~oorwd. and all moM~rs wsw~d I~~bp. tlwll ba+oaw due M?d p+y~
~bl~ forthwitl~, w thKSaftM. ~t th~ option of ~aW MORTGAGEE. a fvtl~r and oon~pMah? u If all oE tf~ said wrm of mon~r w~ aipinally stipubt~d
ro b~ pnd on wd~ day. +eYthinO in a~d promis~ory ~ or In•thk Mat~~ to tM connary rw~withstandM~pj aed tlwr~upon a thenah~r ~t 1h~ option of
wW MORTGAGEl. without ~wtia w dM?~nd. auit N(~w or In pu~r, tiin~fa~ w 1Mnaha b~pwy ~Y ~ P~~~t«! as If ali a~ont~ts Nau~d I~~b1?
had mstynd ptiot to i» M+ftifutioo.
7. Tlwt tn 1M swnt tMt ~t th~ bpinnlrg of or ~t am? tin~ pa~dMip an~l ~uit upan tNs MoNpap~. d u? for~dow 1~ e~ to nlonn 1~ or to ~fa~a
WYnwn? of +iM dain+s lw~wod~r. wid MORTWGEE ~11 ~pplr to th~ Gowt I~+vinY ~uriidiaioe tMnof fat th~ ~ppointm~nt of a R~a~iw?, wch Gourt slwll
fotthwlth appoint ~ nt~iv~r of said nwnp+p~d WaPKb all ad s4~pub?, indud~np ol and sinpvlar tM inoom~. Profits„ M~w~ and t~wnu~s ftaw whatwa
sowc~ dariwd. ~ad~ and wery of which it b~inp expr+asly w+dKStoad, is t+K~b1? n+ap+~d ff sqcifiully ~M fwth and d~w~ed b IM ~nnNip and
lub~?~+ tlaus~s Mr~of. ad wcl+ R~aiwr d++ll h~w ~tl t!r broad ~nd ~ffK~iv~ {w~ct~o~a ~nd pow~n in anpwi~e a~tniued b~? ~ CouA to a R~cdvM, and
svch ~ppointnwnt shatl b~ nwd~ by wd~ Cowt ~s ~n admiti~d puity ~nd a minw of ~bwlu~t rqN w wid MORTGAGEE. ~+d wiMout ~ti~r~na b th~
adsquacy a In~dpwcr of tM valw of the propMy n~wtp+~~d a w th~ wh~ncr aa frtsolwncr of s~id MORTGI?GOR a tM d~hnd~nt~, ~nd thH wd~
r~nn. PwHb. hcon», issws ~nd rev~nws dwll b~ appli~d by wch R~aiw? ~aordieg b tlr (ia~ « pvity of said MORTGAGEE ~rd the praetic~ d wch
C+owt.
~ To duh. P~~*P~h fi+~M P~a+~*• ~ff~ct. co~npNt~. mmply with and abW~ by Wch ard wwy th~ aipulation~, yn~nau~,.
con~itio~a and oov~nuas ln s~id pramiaon? eot~ and this n+orp+p~ wt fo~th
9. That in tM event th~ owmrsNp of the nartpp~d pnrnis~s or any part thawf. b~oonws wst~d tn • pieson otlwr th~n tfw MORTGAGOR. ~!w
MORTGAGEE. i» wwswn and a+sipns, ~1?. wlthwt naia to tM MORTG/WR. d~a1 with wd~ waes~or a ~uccessoc tn k~taaf witl~ ~~i~~noe a 1!~
mortpap~ ae+d th~ debl hereby ~~cw~d h tM sam~ nw~r~ a with MatQ~or without In any waY rhi~~inp a dsdy+pinp ~M Matp~pon' fi~bility ha~
vnder w upon ths deW hereby s~an~d. No sab of tiw pr~misn I~u~b11 nartpp~d and no forbw~nn on tM p+rt of tM MORTGAGEE w lst woo~sson
w ~u3~u and no ~xtans7on of th~ tin~ for tM piyen~M of tM d~M hu~by s~arnd 4iwn M tM MORTCsI?GEE or Irs wooa~or~ ar atsipns, ahall opa~t~
ro rel~.s.. d'~sck+rpe. modfl? cb+~0~ o~ ~ff~et tlw aiyin+l liability of 1M MpRTCsAGOR Iw~iA. ~iMiw in whd~ or b p+rf.
10. Ir b sp~cifically pn~d th~t tM+~ b oi fh~ ~swrw~ oi this co~+nr~d and th~r no waiw o~ any oblipat'an Mrwnde? a of /M oblip~tion k
cwed hereby shall ~t any tim~ MNr~aher b~ Mld to M a waiva of tM t~s Mr~of a of th~ &atrunwm s~aw~d harby.
IN WITNESS i~THEREOF, the said MORTGAGOR has !~ereunto set its hand and seal the daq and
year first aforesaid. -
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. - . +.~s~` ` _e,+~,t J',~1~:
i Signed, sealed and delivered in the- '•`Z`~~~~~~~~~C.i~,
~ ,,r:.. , ~
~ presence of : = n~'~ ~ •~•'~"L;
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i p~~,: ,
~ HUTCHINSON ISLAND LIMITED -
! ~ ~ . BY: GULF OIL REAL ESTATE D~Lf~ f0.~'~~_"
~ COMPA.~IY GEN PARTNE~ •~x t' ' ~ , r-
{ - • ~ _ ; a: ; ~ 'V .
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P ; ~ : ,'~t:,~''L'~.';'.f..
~ ' ~'~?~'-L.`~ ~4`-~E BY : ~ : ~
~ Jo L. Rrchnak, Its fi~ia t~,•~~dr~~~ri~';'~
~r ~~l~•..i@~iy ~ '
,
/1~,~ . ~~y . ~
1~~ - - ~ ~
/ ~
STATE OF ~
• ss:
COUNTY OF ,d~~,t.t~t.~ )
.
I HEREBY CERTIFY that on this ~~~day of February, 1977, personally a iqt~.~b$fore
. .
me JOE L. KRCHI~AK, Assistant Treasurer of GULF OIL REAL ESTATE DEVELOP."iE~iT ' ~_;;;%~~F'~:::
corporation, to ~e kno~m t-o be the person described in ~and who eacecuted
instrument, and he acknoWledged the execution thereof to be his free act,, ~~;~a,;$trc~' ;
officer for the uses and purposes therein mentioned; and that he affixe . eto t~ie_,i0o~~cia1
seal of said corporation, and that said instrument is the act and deed: :a.~id cox~ei~a.t,fon
as General Partner of HUTCHINSON 'ISLAND LIMITED PARTNERSHIP. • ~.3`~ c
~
WITNESS my hand and of f icial seal in the County and State af oresi~+ ~~~~r ~
f irst above written. ~ " ~
:
i ' `
Return to: Nota Public, Stat of Fla. at 1~ge
FIRST FEDERAL SAVINGS ~ LOAN My Cono~ission Expirea:
ASSOCIATION OF FT. PIERCE NOTARIf PUBUC, STATE Of iIORIDA AT lAR6E ~
FORT PIERCE, FLOIRDA M~? ~ ExP~RES AU6. 12, 1977
~o~wce n+sowN ru~o~w • Nuc+c~ewx wo.
,
THIS INSTRUl~'NT PREPARED BY JOHN W. COLLINS:CH
FIRST FEDERAL SAVINGS AND LOAN ASSOCIATZON OF FORT PIERCE
Checked by~c~ `
F~~~ ~