HomeMy WebLinkAbout0684 io plaa ~nd conti~wously kNp on ~h~ buildinps now a henaftM ~itwN or uid (~nd and on all pulpn?eM and p~.wnally covK~d by thi~ mon~
p~. with all praniums tM~wn pa~d in full, f{n inwruw in ~M u~wl i+andard polky form. In • svm approv~d by MOkiGAGEE. and winduorm
fruwana in tM ~xwl ua~dad policY farA b• srm ap~xowd by ~h~ MORTGAGEE. In wch canpa~y w comP+~i~~ ~s th~ MORTGAGEE m+y :
d~r~Nt ~nd all fln and wie~wrm irnwana PaKiN on ~ny Of NW b1111¢inOL ilfy IOtf?HI fFN~liD O? pa.t ~FNreot, in el» +~~9+~~ ~vn? afa~t~id or ~ s, i
in ~spN th~rwf. sAall con~~in tM uswl sundard inorpap~~ d+vw ot t~rth o~lw dww p IM Matya~ rrwy rpuin, maki~g tM low w~d~r aid pd4 * ;
ciy. ~ach ud ~wry. Wrabb w s+id MORiCs'?GEE a ih intKes~ may ~ar. and e+ch and •~.ry ~vch poikr ~ha11 M wa^P~~y us:yn~d and delivK~d to ,
any MW by s~W MORTGAGEE ~a furtM~ wcvrltY ro s~W enap+p~ d~W. ~ed. no1 I~ss tMn ~(10) days In ~dvsnc~ of ~M ~api.~tion of ~ach po~KY. ro dr ~ ~
tiwr b Nid MORTGAGEE • r~wal 1Mrwf. top~tha with ~ nuipt fot tM p~mium ot such ~tnew~lj and tMn sM11 b~ ~o fir~ a windstorm i~w~~nc~
plac~d on ~ny of s~id buildinpa. ~ny 1nt~rqt.tMnin or put tMr~of. w?kas in tM fotm and with th~ loa pay~bl~ as afaes~idr and in th~ ~wnf a~y wn+ ~
oi mwKy b~comes paY~El~ w+dN wd+ policy a pol'Ki~s wid MORTGAGEE ~hell Mw ~M op~~on ro r~w and ~ppty ~M ~ on ~caovnt oi tM ind~bte~
~+ess wcw~d iwr~by a 1o pKmit wid MORTGAGORS ro naiw u+d v~ it a any part thersof for o~hcr purpose~. v.i~hout thercb~ waivi~y a~mp+ir. •
~+~+Y ~~h?. li~n a ripht w~d~? w b~? vittw d thb mottpap~~ and M ths ~wru uid MORTGAGORS ~hall (w ~ny rwwn fait fo k~ep +M aid pnmissa w, n !
ln~und, ot f~ll to d+li~w pranptly any of s+jd polidts of inw~~~ to s~id MORTGAGEE, w fail promptly to pay fulfy ~ny premium therela a In +~y i
rosp~ct fdl to pK(a+n, dixMr~. ~x~cut~, ~ff~ct, compl~t~, comply with snd abid~ by this oove~ant, a ~ny par~ hereof, ssid MORTGAGEE may plsu and :
paY for wch irrwanc~ w any p~rt tMnoi without w+ivinp a ~ffactM+p any option, li~n, pvity. w riyht vnda w by virtw of thii Mwtyay~. and the i
full ~nt•oi tach a~d ~very aid~ payrn~nt sh+ll b~ imMdiatsly du~ ~nd py+bl~ and shall bea~ i~tHest from tM daN thereoF umil paid al tl» ratt of -
nin~ pK pmum p~r anrrm~ a~d topetha with wch intKSSt iM~l be sscured by th~ li~n oi this matpap~. '
I. To p~m~it, aoewnit or wffK ra wa~h M~pairm~nt a dNSrior~tion of sald prop~.ty a any pan tMrwf. ~
S. to p~y all ~nd sirgular th~ ca», cl~upa W+d ~zp~a~s, inch+dinp • rNSOn~bl~ ~nw~e~/s fee snd oo~n of ak»tr~cts of titl~. incurred w p+id s~
sny tMa by asid MORTCaAGEE, baauN or in tl+~ ~vMt of tM f~ilvn on th~ put of t!» said MORTGAGOR ro duly. prvmptly ~nd fully perfwen, d~sehar~.
eaecut~, ~fhd. oanPkt~. ownPb with a~d abid~ by Neh ~nd wKy ?hs stipul~~ions, ~prcM+Mts. eonditiw~s, u~d oownaets of said promisswy not~ aod ~hi~
mortp~ any or oi~Aer. and ss~d oost~, cMrp~s ~nd exper?ies, sach and ~very. ~11 b~ imrnediately dw and payable: whetMr w not ther~ bt notka ds
nund, attempt to collscl a wit pMd'a?p~ uw! tM fvll ~nowN. of, each u~d w~ry wch p+Yment tMll b~ar imeres~ t~om da d~t~ the~eof un~il paid tFw
rate of nine pK ccntum per uwwm; ~nd all sald costa, chupea u~d axpensea incwred a p~id, toyetha w~~h such i~tNat, shall be s~cured by th~ li~n ot Ihit
mortQap~-
6. Thst W in /M wMt of ~ny brach of thb JMort~ap~ or d~fw11 on Nr p+n of ths MORTGAGOR, or (b) in tM evMt ~ny of wid swns of mon~y
herein r~fNr~d 1o be ndt promplly ~nd fulty p~id within thirry (3W days next afte~ tht same ~evaafty become due and payabk, without de~r?~nd w notice.
or (c) in th~ went each and ~wry ~M stipubtioni. syr~~+rwnta, conditian ~nd coven+nn of u1d promiuwy note ar+d th~s matps~s aey a ~ither ~r~ no1
iuly. PromWh aed fufb PNformad. d'~schsr~ed, ~a~cvsed. ~ff~cted. ~omPkted, compli~d wi~h ~nd sbided by. thOf1 k1 N1FIM Of My fUCI1 fVMt tI1! f~id
preyat~ swn muitiawd in s~id promtswry not~ tMn rNnainieg unp~id, with im~nst ~c«vsd, u+d a11 ma~eys ~ecvred Fw~bY. s~ull bsaonw dw and p~y~
able fwthwith, o~ thsreaher, at fh~ option oi aid N10RTGAGEf, as fully u+d compktely ~s if all of the isid sumi of maay wen orgi~atly stipulated
to be psid on wd+ ds~c, anythiig in iaid promiuwy nwe or in this Mortype ro ths contrary notwithstandi~,g; and thereupon o~ thereafter a1 the op~an of
said MORTC~AGEE, witho~t notiu w damand, wit at law w in eq~ity, therefore or thereafter begun, may be prosecuted as if all rnoneys s~wred hereby
had malvtsd prip f0 ib iMtitution. - _
7. That in ths ~vent that at th~ beginnirg of w~t aMr tim~ pend'u+y any wit upon this Mortgags, w to fwec~ose It, w ro rcform it, a to er+forp
paYrneM of aMr da6ns hereuod~?, ssid MORTGAGEE sh~ll ~pply to the Coun h~ving jwisdKia~ ~!?ereof for the appointment of ~ Recciver. wch Cou~t ihall
FutM~rlfh appoiM a nc~iwr of ~ald mortp~ed property all and sinpvla?, inclvd~nQ all and siogular tFy irtcom~, prof~n.. issues and r~wrwiss frari what~ver
wurce d~riwd, sach and ~very of wh3ch, it beinp txpressly w?derstood, is her~by mortgaged u if specificalty wt forth ~nd dewibed in tl~ pr~ntiny ~nd
Mb~rdwn dawa hereof, snd wch ReuivK sMll h~w ~II ths broad ~rd effective fvnctrons and powen i~ snywise entrusted by • Cov.t to a Receiver. ~nd
wch ~ppoir?tm~nt shall be RuJe by wch Court a an admined equity and a m+tter of absdute right ro said N10RTGAGEE, ~nd withoul refeeence Io tM
adeqv~ty or inadequacy of th~ wlu~ of the propaty morty+~eJ or to the sonre~cy o~ ~nsolvnxy o( said MORTGAGOR a tF+e defendann, ~nd that such
renrs, profib, inoan~, iswes and revenws ih+tl bt applied by wd+ Rece+ver according to the lien or puity of said 1MORTGAGEE u+d tl?~ practioe of wch
Coun. °
0. To duly. pranptly and (vlly p~rfwm, discharp~, exewte, effect, complete, comply with a~d abide by each and every ths stipulstans„ agreernenn,
conditian and oovenann in said promisiory rat~ ~nd this mortgage set forth.
9. ih~t In th~ ~vent the ownership of the morlysped premises, w any p~rt thereof, becwnes vested in • person otl~ than the MORTGAGOR, th~
MORTGAGEE, its sucussors ~nd assiQns, may, without notice to the MORTGAOR, de+l with such successor w successor in interat with rcfer~rKe to this
matgape and tM debt M?eby seurred in tM sam~ mannet ~s with Mwtgagor without in ~ny way vitiatir~g a discharging the Mortgs9ws' li+bility I+er?
under or upon the dcbt hereby sacurad. No sa~e of the premisss hereby mortgaged and no fwbearance on the pan of the NWRTGAGEE w its suocessors
or assgea and no_exwnion of the.time fa tFw p~yment of thie debt hereby secur~d Qiva+ by the lY?ORTGAGEE or its succ~ssors ot ~ssig~a, shall op~at~.
ro rekaw, disdwr~ motlify than~e w affett tl~e o?iginal li~bility of the MORiGAGOR hereiry eitht~ in wFpk or in put•_
10. h is specificaUy ~reed tiNt ten~ b of ~he essence of tl+i~ aomrad and that no w~iver oi ~ny obligatron hsr~eunder a of th~', J~ ~
cvred I+Keby sh+ll N any tLeK tMrwft~r be hsld to b~ ~ w~iva oF tM Mrms hereof a of the.bwtruerwnt securad herby. ~uit~tieu~t
_
11. In addition w th~ foc.Qo:^9 ^~^?~?N WYmenn of princ:psl and in~erest required by the pomis~ory note aen?red l+ereb~l, Q~~i; .
and agrees ro psy ro morts~,~e with s~ch monthly.p~ym~nt ~n addiriot?~I s~m esYun~tad by mortgaaee ro be equal to 1/12 of ttk annual to~ ,
s • .;f`'~•st
. . . . t ? i~:. .k~.~
ing: . . , .
t ~f ~ ~ y ~?t.~ 1
:''.~'..r ~ •~i~ M•i
A-All real. property t~xes kv~ed ot assessed a9airat the abovs described real estate., . . y~ ~
B-Premivms on firo and windsform inwranoe as herein requ:red to be carried on the imp?ovemenri situate on the ~bove destr' e' t a~~~~•
C-Premiums on such niwt9sye yvaranty insuranc! as mortgagee shall from time to ~irtie deem fit to cmy on the loan sedrrEd .~jG~~ c' `~t: :S_
-5:.- r
' Mo?t9+9ee shall from time to time nolity mortg+gor in writioy of the amoum due and pay~bte here~x~der ind such wm sF~s11 t- ,-~`i_
payabM on the due date of the oext monthly payment and sach wooessive month theresfter until mortgsyee shall rwtify mortgago? c~- ~e -
amount. Such wms shall be ~pplied by mortg+pce towud the payrnent of real property taxes, inwrance prem~ums, snd morlgaSp ~ ~
~ premiums. ' • i--,i ` ~
! IN WITNESS YYHfREOF. th~ ssid MORTGAGOR has hereurno set his ha~d a~d seal tF~e day and year fint afwesaid. -~s. .
f deli~
in the pns~nw of: jM ~ I~I~ ~
~ t t i~" 7J) ~ l~IM~LA. ~~~~i~~~ p t
~ CIE~RK~C RC~CONRT B~' ' ~ ~
! C _ ,p,~ •rF ~~~tFO $ ~ • q
- ~ ATTBST: - n f
- pt;~ 8 2 45 PM'T . sscretary, Y~~eater Koore
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3'~4531 ~
STATE OF FLORIDA COUNTY OF ST. LUCIE - ~
4
I HEREBY CERTIFY, That on this ~ day of At1g1t8t , A.D. 19_~_, ~
before me personally appeared Ced Y. B2'Ot~III and Yileater Moare ~
respeciively President and Secretary - , of :
Indian River Invsatment Corporation Florida ~
, a Corporation, to me t
lcnown to be the persons described in and who executed the foregoing instrument, and severafly acknowle~p~dthq~~xg- i-
n.,.,2 ~4 ' {
cution thereof to be their free act and deed as such officers for the uses and pursoses therein mentiond~c~
~~.1~:~1iaL -
~ f • :r : ~ }
affixed thereto the official seal of said corporotion, and the said instrument is the ad and deed _af~id ~co~~or~tiol~:, j`-':
~ • . ~ ! ~l ~
~ _
NITNESS my hand and official seal at Fort Pierce , said county and state. + ~
~ _ , ~ ~p~o.- ;
s ~ a'f . ~ I
• ~~L ' i ~
tlotary P,~i;c, Stale oi Ftcr,~j~ at la+ E Notary Public, in and for State and ~ount~i, _ ".~~~~~•``r
9 My Commission Expires: l~({~
, ~Ay Com; =.issi~ EYp~res Det. 11, 198Q
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_ : ~ _ . ~~O :
~hecked By . t . . i -
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- ~ 600lc~~ P~Cf ~ V~ j
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