HomeMy WebLinkAbout0375 S. To pl~c~ ~nd con~inuously ke~p on th~ bu~id;~y~ now w FNtNItN ~ilu~N or ~~id land and o~ al! eq:,cprrem •nd perion~tly tovared by this mort9-
~q~, with all prtmi~ms thereon pa~d in full. firo imur~nc~ in ~h~ utwl ~tandud po1Ky form, in ~~um spp~o~ed by tl~~ MOR~GAGEE, and w~~~dttwm
ir.iwanp In th~ vawl •~andard pol~cy fan+n in a sum ~pp~ov~d by tM MORiGAGEE, in ~uch <ompsny or tompanies a~M MORIGAGEE may
dirK~t N+d all fk~ a~d wind~lam iniuq~K~ pplici~~ on any of f+id buildmyb ~ny inlerttil ~he+ein or pa~t IFK~eof, in tht ~9yrefl~i~ wm ~fo~asaid w
tn ~zpss fhK~of. ~Mil conutn tM uswl sundsrd mor?yapN clau~e a suc!? ah~+ cl~u~ as ?M Matye9ss n~y requu~, makRe,9 he bu unda sa~d polr
ci~s. ~ath and ~wry. parabl~ w N~d MORTGAGEE a~b in~~req ma~ ~pp~ar, ~nd each and ~w~y a~,ch po~~cy th.?r be p~omp~?y ~s.gned and deiivered ~o .'t
~~y MW by N~d MORTG/1GFE a(unher iecv~ity Io s+~d mwt~ap~ dtbi. and, ea ~tu th~n an p0) days i~ adwnc~ of ths eiplral~on of each po~~q, to dr
~~w~ b said JNORTGAGEE • rentwal tFMrwi, lope~ha with a receipl for tM p~Knium o1 tuch renewal; and ~t~ere ihall bs no•i~re or windslo~~n i~wr~nce
P~~aed w~ se~y 01 said buildinps, ~~y interttl tlw~~i~ or put tMreoi, unle~~ in tM form ~nd wiih ~hs loas payab~e as a(o~es~id; a~d in /lx •vertf any sum
oi mon~y becor~~ p~yabk ~nder wch polity p polk~es s~~d MORTGAGEE shsll Mve ~F» optron to rK~Tive and apply the same on accovM o( the indebtnd-
neu •.ev..d her•by o. w pe~ml~ sa;d MpRTGAGORS ro ~eeeiv~ ~nd us~ it p sny pa~t thereof Io~ otner ~zu~tioera, ,:~~nc.:t fh~..o~ we~.~~~ c+ ~~~sp.+,~-
iry +ny lqvity, iie~ or rpht uods~ w by virtw of this mort~~qe; M1d if1 tM fVMt Nid JNORTGAGORS shall tor any reason fail to kcep tF+e s+~d premities w
iniured, ar fail IO deliva prOmplly ~ny of said policiq of i~turant~ to said MORiGAGEE, or fail promptty to pay'fuRy any pre~t,~um theratw o~ in eny ,h j
resp~eel fail fp pNfam, distM?ye, etecult, ~ifM, complete. tomply with and ibid~ by this covenan~, a any pert hareol, said MGRTGAGEE may p~ace and •
pay tor NKA iflW~~~ p~ My pNt lM~fO} w;thout wminp w•ff~irg ~ny option, Iien. equ~~y. w r~yhf under or by v~r?w af th~s Nbrf9age. a~+d fhc
~ f~ll ~rtwunt of ~ach and ew~y wch psymenl thall b~ immediaeely dw and payable and shall be~? intcrest irom the da~e thereoi unti~ pa~d at the rate ot c
nine p~r tantum per annum ar~d together with tvch intcrett sha11 be secured by the I~en af ~hls mortpoye. . •
~ To psrmit, cp~wdf or wlfer no wast~. knpa'ument a d~te~ioralion of taid property or any p~?t thereof.
5. To paY a~~ and ~inpu~+? tM cests, ch++gts and expenses includinp a rsason~ble attaney i tee and cost~ of ~bst~atta of title, i~curred w pa~d at
any tirne bp said NIVRTGAGEE, becavss or M the ~vent of the fail~r~ on ths par~ of tM s~id MORTGAGOR to duly, p~«np~ly and fulty pQrfwm, d~uiurge.
execut~, eifM. complete, compfy with a~d alsid~ by ~ach a++d. ewry tha s~;pvlaans.,sgreements, cond~twns, and covenants of sud prom~ssory note a~d ~his
mw~Qap~ any or e~~her, and said costs, charpes and expenses, e~ch and every, sha~l be immediatefy due and payab~e; whe~her a not ~here be no+ice dr
mand, attempt to colled o~ wit pendinp; and ~he futl ~mount of each ~nd every uxh paymenr shall bea~ interes~ faom ?he dare ~hercof unril pa;d at ~he
rarr of nine psr centum per ~nnum; and all iaid costs, charges and expe~us inturred w paid, together w~th such inferest, ~haN be aecur~d by the lien of this
^''~9+0~•
6. 1h~t (a) in tM event of any br~ach of this Mortgap~ a defwlt on tM part of the MORTGAGOR, w(b) in rhe event any of ~a;d suma of money
heroin ~~ferred ~o be not promptly ~nd fully paid w~thin thi~ty (30) days nea~ afrer iM s~me :everally Eecome due and payable, withou~ demand or notice.
or (c) in the event each and every the stipulations, sgreenxnfs, ca+d~tion~ u+d covenants ol s~~d prom~ssory nofe a~~d th:s mor?gage any a e~ther are not
iuty, prornptly u+d tvlly performed, d~scharged, ezecuted, effected, complered, tompl~ed wifh and ab~ded by, then in eithe~ w~ny svch ~veot th~ said, ag-
gregab sum enentioned in said pomissory ~ote then rem~ininq uopaid, with inttrest accrued. and ali mon~ys xcured hereby, iMll become dw ard pay-
ab1. fathwith, a ~hereafte~, at the optian of said MORTGAGEE, as fuliy and compktely as it slt ot rhe u+d sums oi money we~e wiglnally st~pu~ared
to be paid on such day, anything in sa:d promisswy oote or in lhif Mor~gage to the contrary no~+vitRatand~ng; and thereupon or thereafu~ at the option of
said NIORTGAGEE, without notice or demand, suit at law or in aquity, IMerelae w thereaf~er bcgun, may be prosecuted ss if atl moneys secured hereby
had mat~ted pnpr fo ~tt institution.
7. 7hat in tF~ event thst at the beginning of or at any time pending any s~it upon th~s Mo+tgage, a to foreclose it, or to reform it, or to enforce
payment of any ctaims he~eunder, uid MORTGAGEE shall apply ro the Goun having ~ur~sd~crio~ thereol to~ the ap~mtmem of • Rece~ver, such Cour~ shait
forthwith ~ppoint a receiver of said morfgagad property aJl and singvla~, intlvdmg atl and singular the income, prof~ts, iss~es and ~eve~ues from whatever
co~rce de~ivtd, each ~nd every of which, it beiny expressty u+~ders~ood, is hereby mortgaged as if spec~ficafly sN far~h and deuribed in the graroing and
habendum <lavses hereof, and such Recei~er shall have all the b.oad and effecifve funct~ons and powers in anyw~se ent.useed by a Cwrt to a Receiver, and
:~c!~ appointment shall be mede by such Court as ~n admitted equity and a mattea of absolute r~ght to said MORTGAGEE, and without re(erence to the
adeqvacy p inadequacy of the vslve o1 the propc~ty mptgaged or to the sWYency w insolvency of sa~d MORTGAGOR p the defendaMS, an~ thal svch
renrs, profits, income, iuves and revenuts shall be applied by such Receiver accord~ng !a the tien or equity of said MORTGAGEE and tFu pract~ce of such
Coun.
a. To duly, promptly snd fully per{pm, discharge, execute, effec~, complete, comply w~th end sbidc by each and every tix sttpuiations, agreements,
condit'ans and covcnant: in u~d promissory note end tha mwtgage tee forrh.
9. ihat in tl~e event the-owr~ership of the morlgaged prem~us, w any part thereof, befomes vested in a person other than the MORTGAGOR, the
MORTGAGEE, i» wccesaon and sssigru, may, without not;ce to thQ MOR7GAOR, deai wiih such successo~ w s~ccesso+ in inrerest wi~h reference lo th~s
mo*tgage and ~he debt hereby secur~d in the same manner as with htwtgagor without in any way vitiating a d~uha~ging the Mortgag~rs' liability herr
und~r or upon the debt heteby secured. No sale of ~he premixs hercby mortgaged and no forbcararue on the pan o~ ~he IApRTGAGEE w its s~cceswrs
or a:signs and no extension of the time for the payrrKnt of tF~e debr hereby secured given by the MORTGAGEE or iis succeasors or ass~gna, shatl operore
to release, d~schsrge. modify clHnge w affect tlx aig~nal liab~i~ty of the MORiGAGOR herein, cither in whole or in part.
10. It is spec~ficatly ag~eed that time is of the euence of th~s contract and thst no waiver of any obt~gat~on hereunder or of the obligation st
cured hereby sha11 at any time there~f~er be held to be ~ wa~ver of the terms he~eof or of the inatrument secured herby.
11. In add~tio~ to the fwego:ng monthly payments of princ'pal and interest requ~red by the prom:sscry no!e s.^cured hereby, mortgagor covenants
and agrees to pay ro mortgagee wrtb each monthty psyr~nt a~ add~rional sum est~mated by mortgegee to be equai to 1/ 12 of the annual cost of the iollow-
:r:3_
A-AII real Froperty taxes lev~ed or assess~d agai~st ~he above describrd real estate.
B-Premiu:ns or~ (ire and windstwm insurar.ce as Ixre~n requ~red to be carried on the ~mprovements s+tuare on the above dssaibed premises.
C-Premivms on such mortgsge gwranq inswance as mo~tgagee shaU (rom t~me ro time dee~*~ fit to carry on the toan secwed hercby.
Mwtgagee ahail irom time to tirt+e ratify mwtgagw i~ writi~g of the amount due and payable hereundrr and such sum shall thereupon be due and
Fayable on the due date o[ the next monthly payment and exh svccessive mon?h thereaft^r u-~tit mortgagee shaR notify mortgagor of a change in such
a«ount. Such sums sF.all be applied by mortgagee toward the p~ymeM of rea! property tazes, inswance prem;ums, aixl mwtgage guaranty insurance
p~emiurM.
IN WITNE55 WHEREOf, u MORTGA~~
~~[~and and seal the day and year first afpesa+d.
~ vN R-Cam c. 1 ~t~a~.Co;,poration
OCER'41tRA5
l~~K C~RCUtT ~CtiRT ' aq .
_ - ,~F~En bert C. Amaan sn
7 ATTEST• ~ '
_ _ ` ~ ZZ 9 ns AN ~7 ~Marie _=~ann, Secretarv-Treasu~er ~ ~ " ~ _
~S.a7)
- v: - - -
3883~9 . _
~TATE OF FLORIDA ~ • .
~COUNTY OF 5T. LUCIE . ' ; .
~ ; -
I NEREBY CERTIFY, That on this ~~~,~`~day of~ D rPmhPr A.L~. ~19~_,
befo~e me personalty appeared Rober~C . Amann and Mari P Aman~ '
respectivety ~ President and _ Secretary _ Tr ac ,rpr ~ , of
R-Cam Homes, Inc., Florida
- a-- Corporation, to me
known to be the persons described in and who executed the foregoing instrument, and severaNy acknowledged the exe-
~t..~,~.:i,(~.~ i
cution thereof to be their free act and deed as such officers for the ~ses and pursoses therein mQ1i#Saied;,(a~1~ti; that they ~
affixed thereto the official seal of said corporation, and the seid instrument is the act an~ de'~d'~ ~ id'~ca{flbl~tion. '
~ c7
WITNESS my ha~d and officiat seal ai Fort Pierce , said count ~ e.~ /a ~
This instrament prepared by; ~ ~ _
J. H~l Roberts~ Jr. ?OlL,~~~v r. _
Rirat RederAl Savings and i.oan ubtic, in and for State and ou .~,cl.~~
Association of Fort Pierce My Commission Expires:
~ ~
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~hecked BY 80,~-0 ;~y 9.,n.~:..~
. , . ~fl~~ 2?'9 ~ 37~ ~ ~
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