HomeMy WebLinkAbout0968 3. To place and tontinuous~y keep on the bui:d~ngs now o~ hr~eatier fiwate oo eaW land and on alt equipmeN and p~rsonally cover~ by this mo~t~
~gs, w~tb dl premi~ms thereoo pa~d in 1ul1, l~re insu~snca in Ihe utwl •rendaid po~~cy lorm, in a wm approved by Ihe MOR~GAGEE, •~id w~~di~o~m
in~utante i~ 1he usual s~and~rd pot~ty ~o~rn, in • sum aNF~~o+ad by ths MORTGAGEE, in such co~~~pany or tompanies as Ihe MORTGAGEE may
dhcct; and all t~re a~d w~ndti~orrn ~nsu~ence po~~ucs on ~ny o( sa~d b~ild~ngi, ~ny inrerost tt~ere~n o? pa.? thereoi, lo tl?~ ~gflreg~~e wm •Iwesaid a
in exces~ ~hereal, ~h~U coroain ~hs usuel stand.+rd mongagee clause o~ wch aher clause ss the Mo~tqeyee msy rrqu~rs, ma?1nq ~M loss under sa~d pdi-
c~e~, each and every, payabta ~o sa~d MORiGAGEE as ~~s intere» msy appear, arx! each a~d every sucA poi~cy ih~ll b! -promptty ass gned •nd da~~vered ro
any hetd by said MORfGAGfE as fur~he~ security to sa7d rr~ortgage debt, a+~d, not less ~lun ten (10) d~ys in advance of the expir~tion of esch poGty, to d~-
liver to taid MORiGAGEE a renewal lhcreof, together with 4 rKe~pt for the premwm o1 s~ch renewal; a:~d there ~holl tx no f~re or windti~orm inturante
Placed on any of said build~ngs, any intereft there~n w parl therroi, unle~~ in the form and wi~h ~he loss payabte as aforesaid; and in ths evenl any tum
of money bece,ne~ payab!e under auch policy or poLc;es sa~d MOkTGAGEE ihall have ~he opt~on to ~etr~ve and spply the same on eccou~il of the indebtcd- ~
ness secured hereby w to permit ~sld MORiGAGORS to receive and use it w any parf ~hereof tor o:h~•r pu~F•osrs. .•..il,o~i ~h~r~ u~ •H.~c.i,~~ c~ ?IIPJII•
ing a~y eqv~ty, lien w~igh1 vnder w by vinue of Ihis mor~gage; and in fl~e event aa~d MORTGAGORS shall for any reason fail to keep the ssid premises io
~nsured, w fail to deliver p~omptly any of sa~d pol~t~es o~ insurance to said MORIGAGEE, o? fail promptly to pay 1u!!y eny pre~nium there}or o~ ie? any
reipect (ail to pe~iorm, d~xharge, execute, ~f(ec~, complete, comply with ~nd abide by th~t covenan~, a a~y pmt hereol, said MORTGAGfE may plsce and
pay fw such insvronce or ~ny part thereof w~thout waiving or alfec?ing any optian, lien, eqvity, or righl und~r w by virtue of Ihi~ Matgaye, ~nd the ~
fvll amovnt of each and er~ery such peymem shall bc immedutely due and payable arxl shall bear imeres~ f~om the date thereof until paid at the rate ol
n~ne pe? tenlum per annum end to~rthe~ wi~h such interest shai~ t~e secured by Ihe tien of Ihis mwtgsge.
1. To permit, commit o~ ~uffer no wasfe, impairnunt w deterioration of said properry ot any pan the~eof.
5. To pay atl and singutar the costs, charges and expense~, including a reasonable attaney's fee and costs oi abstratts of title, incurred w paid at
any time by said MORTGAGEE, because o~ in the event of the (ailure on the part of ~he said MORTGAGOR to duly, promptly and fully per(orm, di~chsrgs.
exewte, effect, tomptete, comply w~th and ab;de by each and every the sNputat~o~s, agreemems, conditions, snd mvenants of said pranisso~y note and this
morigage arty os e~~he~, and sa~d costs, charge~ and expenus, each snd evary, shall be immediately due and payable; whether w nol there be not~ce d~
mand, attempt to colletl or tuit pend~ng; and ~he ful~ amount of ract~ ond eve?y such payment thall bear interest from the date thereof untii paid at the
r.~te o( n~nr per ce~l~m Ncr an~tium; an~+ all said costs, cAarges and expenses +ncurred or paid, together w~lh such iNerest, shall be ietured by the lien of thil
mortyage.
b. That (a) in the event of any breach o( this Mor~gage or deiault on 1he parf o( the MORTG/?GOR, w(b) in the event ~ny of ssid tums of mo~ey
herein referred to be not praf~ptly and (ully paid wifhin thirty (30) days neat after 1he sarne severaiiy beco~ne due and payable, w~thout demand or notice,
or (cj in ~he event each and eve.y the atipu~~t~ons, agreements, cond~r~ons and covenants of sa,d p.omissory ~me aod th~s mortgage any a either a~e nol
~uly, promptly and luliy performed, d:scharged, executed, effected, toinpfe~ed, compl~ed with and abided Sy, then in either q any svth event the sa~d s9•
~regste ium mentioned i~ aaid promis:wy note the~ remaining unpa~d, wirh interest acuued, and alt moneyf secured hereby, sha!I become due end pay-
able Iorlhwilh, or thereaf~e?, a1 ~he option oi said h10RTGAGEE, as fully and completely as ii all oi tl~e said sums of rr.,,ney were or~ginslly tt~pulated
to be pa~d on such day, anything in sa;d prom~ssory note or in lhis Alortgage to the cont~ary notwitF~standing; and the~eupo~ w thcresfte~ •f the option pi
said MQRIGAGEE, without norice or demand, svit at law ot in equity, therefore or thereaf~er begun, may be prosecuted as if all moneys setured hereby
nad matu.ed pnor to its institvhon.
7. That in the r+ent that at the beginnirg of or at any fime pend~ng any su~t upo~ this lV~o~tg~ge, or to iweclose it, or to reform it, or to enfo~ts
payrrKnt of eny claims he~eunde?, said MORTGAGEE ahail epply to the Court havircg jur~sd~ct~on thercof fo~ the appo~ntment of a Receiver, wch Court shall
forthwith appoinf a reteiver oF said mortgaged property atl and sing~lar, inc;ud.ng ail and singu~ar th~ income, prot~ts, iss~es and revenues irpm whatever
saurce dzrived, each and every of wh~ch, it being expressly unders~ood, is hereby mor~gaqed as if speufically set fwth and described i~ the y.~nting and
habendum clauses he~eof, and such Reteiver sba? have all the broad and effecrive funcho~s and powers in anywise entrusted by a Coort to a Receiver, a~d
such appointment shall be made by auch Court as an admitted equity and a matter of absolute right to said MORiGAGEE, ~nd withouf ~efererxe to the
~ctc~oazy or inadeqwcy of the value of the property mortgaged or to the soivency or insotvency of said MORTGAGOR o~ the defendanri, and fhat such
renrs, profits, income, issues and revenues shail be applied by sucfi Receiver accord~ng to the I~en or equity of said /~IORiGi1GEE and the pract~ce of such
Covrt.
8. To duly, promptly and fully perform, d~scharge, execute, effect, complete, comply w+th and abide by each and every the stipvlations, agreements,
conditions a~+d eavenants ~n sa~d promissory nofe and thls necrtgage set fo~tb.
9. That in the event the owne~ship of the mortgaged premises, or any pa~t thereof, bccomes vested in a pe?sen o~her than the MORTGAGOR, the
M,ORTGAGEE, its suctesson and ass~gns, may, wlthout rrot~ce to the MORTGAOR, deat with such iutcessor w successor in interest with reference to this
mo.tgage and the debt hereby secured in the aame manner as with Mortgagw without in any way vitiatirtg or d+xhaiging the Mongago~s' liability here-
under or upon the debt hereby ucured. No aale of fhe prem~sea fiereby mortgaged and no forbeara~ce on Ihe part of the MORTGAvEE o~ its successors
or assigns and no extensio~ of the time for the payment of the debt hereby secured qiven by the MORTGAGEE or its suctessws or ass~gns, shail operate
ro release, d~scharge, modiFy change w affece the orig~nal 1Fab,l~ry of the NORiGAGOR herein, either in whole or in psrt. _
!0. N is speci~ically agreed that time es of ~he essence of this contrad and thal no waiver of any obGgation hereunder or of the obligation se-
cured hereby shail at any time 1he~eaFter be hcid to be a waiver of the terms hereof w of the instrumeM sec~red heiby.
11, In add.tio~ to the fosego':~g rnonthfy paym~nts of princ'pai and ~~teres~ requ~red by the prnm:asory note secured hereby, mortgagor tovenants
and agrees to pay to mortgagee v~,rh ea:h monrh i p.~;~.,ent an add,r~onai sum csr~~,ared by mortgagee ro be eqval fo 1' 12 oi the annual tos? of the follow-
~ng: '
A-All real p~operty taaes lev~e~'•or assestea agai•~st thc ehove desai5ed real estate.
B-Prem~ums on flre and w~r.dstonn insuracte as hercin requ:red to be ca~ried on the improvemeMS situate on the above desuibed premises.
C-Premiunu on such mortgaue guaranty ir.surar.ce as moftgagee sha~l from ~~ne to time deem fif to carry on the loan secured he~eby.
Mortgagee shaet from time to t~n:e noris,r mortgagos v~riting of )he amou~t dve and payable hereunder and wch sum shall thereupon !x due and
cayable on the due dare of rhe ~~ext mortth:i paymrnt ar.d each successive month thereaher ur.til mortgagee shall noti(y mortgagor of a thange in such
a~-.amt. $uch sums sha:l be a;.piied by mortgay~e ~oward the payment of real properry taxes, insurance prem:ums, and mortgage guar~nty irDyrancg
p•emiums, ,~`t~~..•.~~~rriiiri
IN Y/ITiVESS WHEREOF. the said MORTGAGOR has hereunto set his hand and seal the day an r firsf for sa" "~.`~i ~
Signed, Sealed and delivered in the presence of: f~LE~ AN~ i~EC~RaC.~ B D~ p D p~tg~ . I~(i~
ST. WCIF COUNIY f LA. •c'.'J ' -
/ ~ ~ ~ ROCE~ ?OtiTRAS ~4
- CIERK CIRCUIT CCURT ~ 9e ~ n,' ,p~g8i 't
RiC~RD YEf.Ii~ED.~.~--- c.~,,,_. - ~ ' .
Lt.eBt. 8DC 8 Og6 ~ C~ •~~~ir=-.:` :
-r ~'~R 1i1 5~ _ P~l~"~e~t
3~47'1 _
STATE OF FLORIDA COUNTY OF ST. LUClE
1 HEREBY CERTIfY, That on this ~~day of 1'~Ia2'Ch A. D. 19~_
before me personally appeared Jo9eph P. John8o2z and _ FY'~ACis L. ,RO$et'8 ,
respectively President and Viee Pr~s~ der?t _~~b*y. , of
_~11i@__DQlphin Davelop,ers ~ Tn~ ~ , a R'1 eri c]a Corporation, to me
known to be the persons described in and who executed the foregoing instrument and severally acknowledged the exe-
cution thereof to be their free act and deed as such officers for the uses and purposes there+n mentior~ed; and that they
affixed thereto the official seal of said corporation, and the said instrument is the act and deed of said corporation.
WITNESS my hand and official seal at Fort Pierce , said county and state.
Thie in$truwent prepared by ' -
J. Hal Roberta, Jr,
First Federal Savings and Loan ,.N.QJ.ary Publ~c, in and f St e and County aforesaid.
Asaociation oP Fort Pierae MY ~m~ss~on Expires:
hetcry Pv':tic, 5~~~_ of f1- L~•?A
-1~ My Comni;::ai Exr:r_s 'c: 1~77
. ~ • • - - . .~tJ s.,_a,.1 1,., A:nrricon Fne L Ca,.._~~. :c.
Checked By . ~
' f; ~ ,
~ ^ ~ PA(~E ~i -