HomeMy WebLinkAbout0559 3. To piae~ ?nd eoni~n~o~,iiy ibe{~ a~ ths t,uc:~~r~s re~r or hatsai:tr suivs» cr sa:d 'earaf a-~ c.'• e4: ;.;..:z~•.:;rt gus.::a:ly ca~erad hy thi~ ~!rg.
ay~, with all premi~mi ~hereon p~~d in full, fire iniu~~nce in 11k utiwl ~~~ndard polity lorm, in • sum ~p~uo+ed by tM MOR~GAGEE, •nd w~nds~o~m
insw~nc~ M tM uiwl •tand~rd pol~cy fam, ie a ~um approvtd by ~M MORiGAGEE, in fuch tomp+~y a ta*+p+~~es +ti ~M MOkTGAGEE ~++y
d~rectp and a!1 fira end wi~d~to~m iniuru+te politi~~ on ~~y o( ~aid build~~pt. a~y Inlt~est tAerein or pa~l thereol. in IM ~gg~epere sum afaasaid a
in ~ac~s~ thereof, ~MII con~ain ~ha u~ual itandsrd mor~9pe~ clauk w such otha el+u~ as ~M Mo~~y+ye~ may reqv~rs, m~~~np +M io» unJe? aa~d po1F
ci~s, each and evNy, p~yab~~ ro s~id MORTGAGEE at its intere~t may ~pp~a~. and ~ath u~d •wry ~uch pobcy fhaU 1x p~omptly •is gned •nd del~+arrd ~o
•ny F~cld by a~d MORtGAGEE a~ iurthe~ secu~i~y to ~aid matyay~ debt. ~nd. no~ I~u 1Mn IM (10) d~y~ in ~dv~nce oi the ~apir~i~o~ of each polKy. ro da
Ine~ to uid N10RTGAGEE • rsnawal thereof, toqe~htr with • retsipl tw ths pr~mium o} svch renewaf; and ther~ shall bt no f~re or w~nds~o~m inturu+ce
pf~c~d on ~ny of iaid build~ngs, any intere~t th~rein a part tMreof, unlea in 1M fwm •nd with tM loa~ p+y~bls ~t afwefaid; and i~ the evont ~ny tum
of money becomd payable unde~ such policy w polici~i uid MORTGAGEE ~hall Mv~ tM option to ~ecei~e and apply ihe ~+me on account of ~he indeb~rd-
nea~ iacw~d hersby a ro permit said MORTGAGORS to rKeive ~nd uN i1 p s~y parl Ihcreol fa other pur~.oses. ~~.~r?,;,u~ ih u r .+~~w cr ~mp.,~..
ing ~ny pvity, li~n a righl unds~ or by virtw of ~Aii mort~pr, ~nd in IFN ~wnt ~Id MORTGAGORS sMll for any r~ason fail to keep ths u~d p~emises so ,
~nsu~ed, o? fail to dsliver prompHy ~ny ot sa~d polit:es of insuraote lo said MORTGAGEE, or fa~I promptiy lo pay fuiiy eny p~e:~~~~rn tt:~~efor or in a~y ,
re+pect fail lo p~r(wm, d~uhsrge, e:ecuta, effeN, complett, compiy with and ~b~d~ by thh cove~+ant, cv ~ny par~ hsrcol, ta~d MGRTvAGEE may place a•Td
pay iw ~uch Insuranc~ or any part tMreof without waivinp or •(i~ct{np ~~y optiw+, lien. equ~ty, o~ riyh~ unda w by virtue o( ~h:~ Mo.fgage, ~nd the ,
tuil amovnt oi each aod evs~y fuch paymsnt shall be immediately dw ~nd pay~bl~ and sMll bear interes~ from ~hs da~~ ~hereof vniil p~~d at ~he ra~e oi -
n~ne ps~ untum per annum and together with suth interesl shall be secu~ed by tht IiM ol thif mortpaye.
I. To pxmit, commit or suffa no wut~, impairment a dNeriwation o1 uid pope~ty w any p+~t tMreof.
S. To pay a~l a~d sinpular ths costs, cMrges N+d aapenses, includiny + re+sonable +ttwneY's fee and cost~ of a6~tr~ct~ of title, incurred o~ pa~d n
e~y time by said MORTGAGEE, bscws~ or ie the w~m of ths failw~ a+ tl?e pah of tM uid MORTGAGOR ~o duly, prompNy and 1u11y perfwm, d~xhuge
` ex~cute. ~ffect. comple+e, comply wuh and ~b:d~ by ~ach u~d every tM stipulanons, apresm~nts, conditiau. and covcnants of sa~d promissory note and ~his
~,engage any w e~the~, and sa:d cos?s. charge+ and expen~e~, e~ch and ~ve~y. ihatl b~ immedNtely due and p+yabte: whether or ~ot ~here lx no~ice dc
mand. ettempt to co~led or wit pending; e~d the fvll amount of each •nd erery suth payment shatl bear inlerest from the date thereof until psid at the
~:~ie of ni~e per centuro pe~ anuum; and all said cosn, chargm and expw~us incurr~d or paid, togNher with such imeres~, shall be secured by the lien of th~~
mortgay~.
6. Th+~ (s) in the evsnt of any bnxh of this Morty~ or d~faul~ on tFr p+rt of ths MORTGAGOR, w(b) in the evenf +~Y o( se~d svms of money
herein referred to be not promp~ly and fully paid wirhin lhuty (30) days oext after the same severatly become due and payabie, without demand or nonce.
or (c) in the event each and evary the stipulations, ~9reementt, conditions and coverants of sa~d p~on+issory note and th~s morlgage any or ei~her are nol
i~ly, prompHy and fully performed. d~scMrged, executed, effected. compl~ted, tomplied with and abided by. then i~ either or •ny such evem 1hs sa~d ag.
gregate ~um mentioned in said promisiory note then remaininp unpaid, wiM inte~~st atuued. u~d all moneys aetured Fxreby. sha{I become dw and pay
eb;e (o?tAwith, w thereafrer, at ~he option of said MORTGAGEE, as fully and completely as if atl of the said iums oi money were orge~ally i~~pu:a~ed
ro be paid on s~th day, anything in said promissory note or in Ihis Mortgage to the to~~r~ry notwithstanding; and thereupon a the~eafter at the opt~a~ ut
se~d MORTGAGEE, without norice o~ demand, suit at taw or in equity, therefors ot therealter bepun, may be prosecuted +s ii •il moneys secured hereby
r.ad matured pnor 1o its institution.
7. That in the event that at the beginning of or af any time pending ~ny iuit upon Ihii Mortg~ge, or to iwetlose it, or to reform it, o~ to enforce
payment of sny claims hereundcr, said MORTGAGEE sMll appty to the Court havir?p jurisd~aia? d~ereof fa the eppo~ntment of a Receiver, such Court ihaii
fo~thwith appoint a receiver of said mortgaged property all and sing~lar, intlud~ng all and sinpular ~M intome, p?otlts, ilsues and revenues from whaterer -
eovrce derived, each and evcry of which, it beinq eapressly undersrood, is hereby matgaged ~s if spec;fiully ~el fath and detcribed in ~Ix yranruig and
habendum ctauses hereof, and such Rcceiver shalt have dl tM Moad and effective funct~ons ~nd powe» in ~nywise entrusted by a Cou.t to a Rrceiver, and
•~ch appointmen~ she11 be made by svch Cou~t as ~o ~dmitted equiry and s m~tte~ of •bsol~e righ~ to said MORiGAGEE, snd withou~ reterence fo ~he
adequaq or inadeqwcy oi the wlve of the property mw~g+ged a to the iolvency w inwtvency ot said MORTGAGOR o. the defendants. and that suc1+
re~», profits, income, iuucs and revenues shall be spplied by such Receiver accord~np to the lien w equity o1 wid MORiGAGEE and the p~act~ce of iuch
Court.
8_ To duly, ~fomptly erd ful!y perfw.m, discharQe, execvte, efiecl, compkte, comp~y w~~h •nd abide by each aod every the stip~,Iat~o~s, ag~eemen~s.
condltions and covenanrs ~n sa~d promisswy note and Ihis mwtgage set fpth.
9. TF~st in the event the ownenh~p o( the morlgsged premises, a any part thercof, becomes vested in s pcrson other than the MORTGAGOR, tF,~
h'ORTGAGEE, its successo.s and sssigns, may, without notice to the MORTGAOR, deat with such sutcessor a successor in inleresf with re(ere~ce to this
n,o~~gage and the debt hereby setured in the same manner ai with Mo~igago~ without in ~oy way vitiating w d~scharging the Nbrrgago,i lia0~iity here-
~nder u upon the debt hereby sec~r~d. No iale of tM premises hereby mwtg~ged ~nd no iorbeerince on the part oF the MORTGAGEE or if~ s~,ccessors
o~ aiaigns and no cxtens~on of the time for the payrtknt of tM debt hereby secured 9iven by tM MORiGAGEE or its successws w ass:gns, siwll operate
to reieax, d~xhargc, modify change x affect the orig~nal tiabifity of the N10RTGAGOR h~rein, either in whole or in psrt.
10. It is spec~fi:ally agreed tfiat time is of the essence of this contract and that ~o waiver of any obligstion hereunder a of the obligation se-
c~red hereby shall at any time thereafter b~ held to be ~ walver of the tem~s htreof o? of the instrument secured herby.
11. In add~t~o~ to the forego:ng monthly paymer?ts of prine'p~l and i~te~est required by the prar+hsory note secured hrreb~, mortqagor covenants
a~d agrees to pay ~o mortgagee v~nh each mnnthfy payrntnt sn addnional avm eshmated by mon9agee to bs sgwf tv 1 j 12 of tne annuat cost of the (o~low-
~
A-All real prope.ty taxes lev~ed w assessed agai~st the above dexribed real estate.
B-P~emiumt On fite and windsto+m insurar.ce as herein requ~red to be carried on the improveme~ts situate on the above dssc.ibed p~emises.
' C-Pra.::~,,..s a~ ;..ch ~r.atg;gg guaranty inswar.ce as mortgsgee shall from t~me to time deem fit to carry oo the loan secured hereby.
Mongagee sha'.I irom time to time notify mortgayor in writin9 of the amount due aod payable haeunder and such sum shalt ther n be due.~nd
' c avable on the due date of the next monthly paymeM and each sus~e{~jve month theresitcr ur.til mwtgayee shall notify mort9agpr of nge in silth
~ a~.cunr. Such sums sha!! 6e app!ied by mortgagee towa~d the paymcnt of re5t pr6perty taxes, irtsurance p~em:ums, and mortgag ' Aty ipsurance
€ ..c^•iums. . .~i":
~4 tN WITNESS WHEREOF, the sa~d N10RiGAGOR has hereunto set his hand and seal the dsy and ye afacsaid.
! Signed, Sealed and ivered in the p~esente of: ' p Y t IQ~~ ' rx~
f K~ ~ ~~p R~EO pp .r .
~ ~ ~ i~. lUC1E COUNTtI FIA. ° ~ S . ~
_ _ _ ROQER /OITR~S t
r~Ep~c ciacu~t C T: . ~ ~
_ . :f':ilE y ~ {)!'f~ p~
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,~rt 3 -2 ~8 - . -
~ 3~8~6~
STATE OF FLORIDA COUNTY OF ST. LUCIE
I HEREBY CERTIFY, That on this day of June , A. D. 19 77 ,
before me personally appeared Charles C. Picmato and Bettv T. Piqnato
respectively President and Secretary , of
Yorkto~rn Construction Corporation , a Florida _ 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 pu~poses therein mentioned; and that they j
~ 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. ~
~ First Fecteral Savings and L.oan
~ Asaociation of Fort Pierce
?his instrument pzepartd bys Notary Public, in and r ate an~ C~u~tYf~~~a;dto~ `
pub ~c.
Robert J. Bvans~ Jr. .,r .MyC~pnusa'an Expires:No'°ry ~ n, ~9n
. kY ~u`n::ss:cn E~cp~~es ~v./
dondcd by A~ne:icoo Fire 6 Cosuoftr Co.
•
rort r~erce, rionoa ~~µ~v ' ~ ~ . ,
_ ,ecked BY -
~~~-~i=~i ~~~~~269 ~~E
557 ;
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