HomeMy WebLinkAbout0980 3. To pl~c~ a~d con~inuoutily keep on ~M bui!din~t now a Mr~sttN ~itu~t~ or said land ~nd on atl equ~p~ne~t and perion~liy cove~td by mw~g.
eg~, with ~II prsmium~ Ihereon pa~d in 1ull, (in f~~tu~~nte tM uw~l sundud pot~cy fo~m, in a wm appowd by the MOR:CsAGEE, a~~d wu~dstorm
in~~r~nc~ io IM viual 1+andsrd pol~cy form, in ~ sum approved by ~M MORTGAGEE, in fucA canpany ~r co.npan~es as ?M MOki:,AGEE may
d~rech ~od all fir~ ~nd windsWrm inaur~nc~ politiet on aey o( Nid bwld~np~, s~y inte~t~l thtrein or pa~t the~eul, in tt?~ aygre9s~• fum •fweiaid o~
in e~ectss thaeoi, sMll conta?n tF+~ uiwl it~ndard morlqayN cla~s~ w ~uth o~i~ d~uw ai ~M Matpagt~ may rcq~u~. making the ~oa urxie~ sa~d ~wlt
ue~, each and ~vay. pa;:~!!~ ~o iaid MORiGAGEE af its i~terea~ may app~u, and each and ~very ~~ch po~icy shall be promp~iy a~s•yned and de~~~ered ~o
any Mld by u~d MORTGAGEE •s tv.~h.~ secu•~ty ~o s.id mw~p+p. d.b~, and, no? bs~ tMn ten 1101 deYs in advsnce of the expi~at~on of each po~~cy, 1o d~-
Iner to ~aid MORTGAGEE a renewal tMreof, tofle~hK with • receipt fw ~M p~~mium o1 such r~newa~; snd thero ~hall be no 1~re or w:ndsw~~n iniw~~ce
placed on ~ny o} s~~d buifd~n~~, ~ny int~~sft ther~in p pa~t tMrtof, u~leu in tM iorm and with 1F~ loss psyabte ai aioreiaid; and in fhe event any sum
of money becanes peyable u~de~ such policy a policies uid MORTGAGEE ihall haw the option lo rcce~ve and app~y tha same on accoun~ of the indeb~rd-
neu secwed htrtby a ro permit sa~d MORTGAGORS lo roceive and use i1 or any par~ thereol Iw' o~iicr pur~~oses. w;thout ~h ui waw~:~3 er ~~~~p..r.
;ng any pu;ty, I;en or ri9h1 unde~ w by virtw of this mortyayr, u+d in ~M ~vem sa7d MORTGAGORS sheli for any reawn f~il to kacp ~he taid prem~~et w
~nsured, a tail fo detiver promptly ~ny of said policies o) insursnt~ to a~id MORiGAGEE, w fail promp~ly to pay fu11y a~y p~e~„u~n therefor or in a~y .
respett f~il b per(orm, diuharge, execur~, efiKt, tomplels, compty with u~d abid~ by this covenant, oI any pa~t hereof, said MURTGAGEE ~~~ey pisce a~~d _
pay (w s~th insuranc~ or any part tlu~eof without w~ivinp w dfKttnp any option, (itn, equity. w righl under w by virlve of thi~ Matgage, a~d tht
fult ~mount of euh and tv~~y s~cF? payment sMll b~ immedi~ttly dw ar+d payabt~ and ~hall bear interest from the date ~he~eof until paid at the ra~e of
n~ne per ce~tum pe~ ann~m and to~ether with such interes~ shall be secured by tFw tien of this mort9+9e•
1. To permit, canrnit w wifer no waste, impa'umeot a d~terioration of said prope~ty or any p+rt thereoi. ,
5. To p+y alt and :inpular ~he cwts, charges u+d sxpsnses, includirq ~.re~sonable ~ttwney i fee and cos~s oF abitrscts of titls, intu..ed or paid a~
a~y t~me by said MURTGAGEE, because w in the ~v~nt of ~he fa~lur~ on tl+~ part of tM said MORTGAGOR to duty, promp~ly and iully perfwm, d~acharge.
execure, effect, complete, comply wuh and ~b:de by each ~nd every the ffipulalwns, apreamentl, condi~ions, +nd covenan~s of said prom~sso~y nore ar.d ~his
.TO~rgage any or ei~her, and satd costs, charges and expense~, esch end every, shall be immediately due and payable; whether or not J,here be no+ice d~
mand, st~empt to tollect w iuit pend~ng; ~nd the full amount of each and rrory s~ch payment shait bear inte~eat from ~he date thereof until pa+d a~ the
r~~ of ~ine per centum per annum; a,~ all uid costs, cha~ges and expenus incurred o~ p+id, togethar wuh such imerest, ~ha11 be secured by the I~en of this
mortgage.
6. That (a) in the event of any brcach of ~his Mwry~ye or defa~lt on the part of the MORTGAGOR, o~ (b) in the event any of aa~d sums of money
;~e~e~n referrod 1o be,rqt p~omp~ly and lully psid within thirty (30) days next afeer the same severatly become due and payable, without demand or nof~ce,
er ic) in the avent each and every the stip~rlatioru, sgre~rt+enn, cond~tions a~d covenama of sa;d promissory note and th~s mortgage any or either are not
iv1y, prompdy and futly perfwmed, d~uharged, exetuted, effected, compkted, complied with and abided Sy, then in ei~her w any such event Ihe sa~d ag-
g~egate wm memioned in ssid prom~uwy note then ramaininp unpaid, with int~ns? scuued, and atl moneys secured he~eby, shall become dve and p+y
eb!e to~thwith, a thereafter, at the option of aad MORTGAGEE, ss fully ~nd comple~ely as if •II of the safd sums of money were originsfly st~pu:ated
ro be pa~d on such day, anything in said promiuory rate or in this Mortgsge to ~he contrary notwnhstanding; and the~e~pon w the~ealie~ at ~he op~~on of
sa;d h10RTGAGEE, wi?hout notice o~ demand, wit at law w in equity, there(ore w thereafter begun, may be prosecuted as if ~11 maieys secured hereby
nad matuted pr~or to iTS u?stitution. .
7. That in the event that at the beginnirg of p ~t ~ny time pending any suit upon ~his Mo.tgage, w to foreclose it, a to re~wm it, or to enfo~ce
~ayment of any claims hereunder, uid MORTGAGEE shall apply to the Covn having jurisd~dio~ thereof for the appo~ntmem of a Receiver, such_Cour~ shail
icr~h,~virh ~ppoint a rocciver ot said mortgayed prope~ty all and fingular, intlud~ng all and singular the income, prof~t~, issves and revenuef from whstever
scu.ce derived, each and every of whKh, it be~np expaessly understood, is hereby matgaged as if spec~(ically iet fath and described in Ihe g~aroing and
hebendum clauses hereof, and such Receive~ shall have +It the broad ~nd effective funct~ons a~d powers in anyw~se enfrusted by a Cou~t to a Recei~er, and
r_ch appointmeM shall be made by such Court ~s an ~dmitted equity and • m~tter oi absolute right to sa:d MORTGAGEE, and wirhout reference to !he
adzq~acy a inadequacy of the value of rhe prope~ry mwtgayed or to the sWVe~ty or insolvenc~. ot sa~d MORTGaGOR a the defendants, a~d that sucfi
reon, prof~n, incortx, issues and revenves shall be spplied by such Receiver accord+ng to the lien w equity oi sait! MORiGAGEE and the practice of such
Co~rt. . • .
8. To dvly, prompHy and fully p~rfwm, d'ncharge, execvte, effect, mmplets, comp~y wi~h ~t+d abGde by each and every the ~tipulations, agreements, _
:o,~d~t~ons aod covenants in sa~d promissory note and lhis mwtysge s~t fwth. '
9. That in the event the ownership of the rtwrtyaged premises, or +ny pan rhereof, becomes veated in e pe~wn other than the MORTGAGOR, the _
:'ORTGAGEE, its successo~s and sssigns, may, witFwut notice to the MORTGAOR, deal with such successor or succesior in interest wifh reference to this
rro•tgage and rhe debt hereby secured in 1he same mannar as with Mwtgagor withoW ie aey way vitieting or discl?~rgieg the Mortgagors' liability here-
u-.der w upon ~he debt hereby secured. No sate of the F?emises hereby mwtgaged and no torbearance on the part oi rhe IhORTGAGEE w its successors
er asz~gns and no extension ot ~he time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or assigns, shall operate
to reiease, distiw?ae, rt~oJ3fy thange or affKt the original Iiability of the MORiGAGOR herein, either in whole or in'part.
10. It h spetifically agreed that fime is of the essence of fhis contr6tt Md thaf no w~iver of w+y obliga~ion hereunder w of the ob?igation sr
c~~ed hereby shall at any fime thereafte~ be held lo be a vJaiver of tM terms hereof~w of the instrumerit secured herby.
11. In add~~~a~ ~o the fwego:ng monthFy paymeots of piinc:pal and intereat requ~red by th~ prom~swry note secured hereby, mortgagor covenams
a~,d ag.ees to pay to mortgagee with each month{y ~aymem 3n addirio~al sum estimated by mortgagee to be equal tb 1,'12 of the annual cosl of the fo~low-
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A-All real property taxes levied or assessed agai~st the above described real estate_
B-Prem~uma on fire and windstorm insurance as herein requ~red to be carried on the improvements situate on the above descr+bed premises.
C-Premiurns on such mortgage guaranty inwrance as mwtgagee shall from time to tirr.e deem fif to wrry on the ioan secured hereby.
rhortgagee shall from time to time notify mortgaga~ in writing of the amount due and payabte hereunder and such sum shail thereupon be due and
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:3~abie on the due date of the next monthty payment and eath successive month thereafter urtil mortgagee shall nolify mortgagor of a t,hxge•in tuch
' ovnt. Such sums shall be applied by mwtgagee toward th~~~cRNef~~~$rty taxea, insvrante prem:ums, and mortgage pv_ara~ty~ i1ii~/tajsoe
j '-'c^'~"'^s. ST. tUClE COUNTIf FLA. ~
IN W TN REOf, the s~id MORTGAGOR has hereunt~Q~ii~F81=a~d sea) the day and year first afwesaid.
~ snd r n presence of: C4.E~?K C;.~! J17 COUk'+ (~'Q~` Q _,y~'
• °,F~rJ~~~
` ~ IS 3 39 PM'7~tes _ ~
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--a ~ J ' ~-c _ ' ` - - ~~IW'=~ 1.' fSean~
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STATE OF FLORI~A • COUNTY OF ST. LUCIE _
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I HEREBY CERTIfY, That on _this day of /~~'~-~1c , A. D. 19 rt i,
before me personally appeared ~?zsl J• Rs='z'is ~ and F`~'snk1iU A. HaT~'ia
respectively President and - Secretary , of -
AARRIS CONSTRQCT~N CORPORA?IDN , a Florids Cbi~poration, sr'me .
r- known to be the persons described in and who executed the foregoing instrument and severdily~ ackriowl~~~dg~dthe.exe-
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~ cution thereof to be their free act and deed as such officers for the uses and purposes therein rgefttiocy¢d; and, t~~t tliey
~ affixed thereto the official seal of said corporation, and the said instrument is the act and d~e~ "pf ~said cotF~orart'pr1~
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~ WITNESS my hand and official seal at Fort Pierce ~o~ag r~-~ said countY a statt' ~
~ ~'his instr~~t prepared b7 Do~nald B. Anghas , " ~ ~ ~ - ~ ~ .,~--s
~ ~'LRST FEDffi~AL 3AV~liGS AND IAAN ASSOCIATION OF Notary Public, in and for State and County aforesaid.
~ CRT PISRCE ~ F1oTids My Commission Expires: NoUry pub!'sc. State o( F~rida at luge
MY Cwnmission Eapires Dec. 13, 1980
hr As~.+ ?r. i tw.b c«.qc
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~.hecked By ~"'7.`-----
. goRKzs$ PacE 979