HomeMy WebLinkAbout0841 3. Te pbo~ ~nd caaMwouslY k~P on ~M buiidinp~ now a M~~aftM ~itwt~ or saW I~nd ~nd on dl puipm~n~ ~nd pasawth oorK~d bfl ~~P :
aM, wbA ~N p~ M+a~on pa~d in f~, fir~ irowa~ in rM v~wl ~r~rdud po~~c~r fan~. M~ a~ww app~owd by ~M N?ORtW?GEE. ~nd wiodworw~ '
Y~+rMa M ~M ~wwl q~d polity for~n, Iw •~wn~ ~PVro~~d bY ~M MORTGAGEE. M~ wch ooTp~^Y ~~^P+~ M 11y MORTGAGEE nwy
~tJ ~II~ ~~~fld WM1~1Wr11 i1yWM~ ~KNf Of1 Ny Of Mid ~~M~. M~Y M1Mp1 thNfM Of piA f~NfW~. ~fl f~N ~~~N NNA ~fOf~M1d 01
1n Nw~o1. ~II conain Nw wwl aaedud a~orq+ow c~ a wcA oth~r daw~ w tM Ma~pap» nwy rpur~,, awkMq d» ba wwla w~d pe1~"~
ciM~ MtA ~nd wwr. WY~bN 10 NW MORTGJ1l'sfE N iM in1KNt ~Y +PW~. ~nd MtA Mid ~vMY wcA Pclicy ~halt b~ ptanP~h ~~9^~ +^d d~livwsd N •
~ A~W b~? wid MO~TGACEE M fw~ NcwkY b ~+id e+o~q~ d~bti u~d~ ~al IN~ MNn Nn l10) dapa M~dvana of tM ~~pkstion of Nch Pa+hl. fo d~ -
liwi 1o Nid MORTGACsEE •~~wal tMnof. top~~ wiM • naip~ for 1M p~~mtwn of wcA r~w~li Md ~Mn ahall b~ no f'u~ a wtnd~w.n~ Mrw~na
pl~ e~ M~r d ~Nd buil~np~. ~ny Int~p Ma~in a pat th~r~o~. vnlp~ M tM tone ~nd witA th~ loas p+r+We •fwn+id~ ~e?d in tM ~v~eN N+~ wiw
d~y b~oa~ ~1?sbN wida wd+ poiky a polici~s s~id MORTGAGEE ~hall haw rM o~Mia+ a ~~M ~nd pply N» w~ a+ ~coowW d tM fnd~bnd~
n~N Mpw~d Mt~ p b pwmil wid MG'RTGIIGORS ro nqlw u~d uN N p sny part ther~o( fw other purposa, w~~houl ths+~b~ waivinp p wepaih-
~+~1? MWb. ~Nn or riqM ur~ or b~r vtrtw d Ma morrpp~~ +nd in rh~ ~w+u uid MORTGAGORS ~MII fa ~yr rN~on (NI to kep th~ said pnr~isa w
Mrw~d a bIl b deliwr Wa^~Wh ~^Y of ~fd polici~s of inwru~a ro wid MORTGAGEE, a f•i1 won?vNy w Wy fu11y any pr«nwn+ tM.~fo~ or ln
r«qp faN b pMto~w1, di~M?Y~. uc~a?t~, ~fhct. campNt~ aomplr wi~h wid ~bid~ by this tovtnu+L a any pan lwrwf, ~~d MORTGAGEE ~y pl~ .
pnr fa wd~ Mru.+no~ a anp p+A N».wf wMAw~ w~tvinp a df~inp +~M op~ioo. IMn, p~+~h. a ~ipM und~. a sy vtrtw oi ~ M«t9+~. ~nd Hr
fuN ~a+M o1 ~ and w~ry wd~ pynwnt s1w11 b~ inwn~diaqfy dw a~d p~Y~bl~ ~nd shall b~u htKNt f~an tM dat~ 1Mrwf until paW N 1h~ nN d,~
Nn~ pn pnfwe p~t ~mwn and 1op~tMr with wch inMr~st ~hall b~ aeeur~d by 1M INe of thh enw~p~.
To qrndb aown~il a wff~r no wat~. M~WirmN?t a d~~Nia~tiai of said pop~rty w~ny put tl~e~wf.
3. To p~y dl and sYqular th~ costs. d+upa +nd ~xp~nw~. includi^p ~ r~aiaubb ~t~ornty's fN and cos~s oi abu~~cts of titb, lncw.~d a p~id ~t
~ny tYne by wid NWRTGA~sEE. baw~ « M+ rM .wnt of tM f.ihr?~ on ~h~ p~t of IM said MORiGAGOR a dub. P~a^P„Y wd fvllp p~.forni, di~cha~9~
~s~~. dfat. oo~npMN. oomP~1? w~h a+d ~b~de by ~ad~ aod ~w.y tlv pipul+t~on~. +~«m~nn. cond~tio~, .nd cowe+nn of s~id pran~swry ~wt~ ~nd ~Fw
~ pp~ ~n~r a~hlwr. ~nd wid aoab. dwq~ ~nd ~xpM+~es. Nch aed ~r. ~Mtl b~ Inrn~di~i~ly dw ud p~y~bb: wMtM~ or not tMn b~ notia d?
wid. +nwnP~ 1o cdMe1 a adt p~ndinp~ ~nd tM full ~~nowN of ~ad+ a+d ~wrY wch Myn~nt shall b~~r inr~re~~ han ~M dat~ tMreof w?rit p~W at Mw
~~N Of IIifM pN C~111{1111 PN ~fYNN1~7 ~fld 11I NkI COfh. Clfi~~M ~f~ ~ltplMft i1KW/!d O? pi~, lop~tlw~ vv~th wd+ imer~t, sMll b~ s~aind bp tM li~w of tha
~q~
6. TMt W in 1M w~nt of amr bNCh of this Morfp~p~ w d~fa~l~ on rh~ p~A of tM MORtGAGOR. w(b) in tM ewnt uqr d u~d wms of mon~y
h~nN nhn~d ro b~ no1 pranp~H ud tvlly paid wi~hin th~ny C!0) dap rr~ct ~ha th~ ssm~ ww~ally b~cam dw and pay~bt~. without d~rMnd a notic~.
o? Id In tM wN+~ ~aeh wd ~y tM ~tipulatlon,, yn~e~wnh. ea~Qitiaa ~nd eowi+~na of said praniway noN and this ~tpp~ an~ a~iMw ~re na
lul~r, promptly ~nd fully pafornrd, daclwy~d, ea~cu~~d, ~ff~ct~d, complet~d, compl~ed wirh and ~bid~d by. th~n in ~ither or ~ny such w~t tM a~id ~
OrpaN w~ n~tia»d M+ uid paniuwy na~ tMn r~msininp unptid. w;th inrens~ ~ccrwd. ~nd a1I rnon~ys ncvrd henbr. ahall b~oon» dw ~nd WY~
~bb fortAMritA, or tFwNit~?. ~t rh~ option of taid MORTCsAGEE, a~ fully and ownpt~uty a if •II of ~M s+id w~ns of mawy w~n or~pinally aiputat~d
b b~ paid on wd~ d~y, anprhinp in wid praniasaY noro or In t!w Mo.ppe ~o ~M conrr~ry no~wi~larandinp: snd therwpon ar th~.~~he~ ~t rM op~an of
~afd MORTG/WEE, withovl eatia or d~m+~d, wit n I~w a in pvity, tFwrefon w thK~afr~. bepwi, may b~ prosecut~d u H NI mon~y~ Ncw~d Mreby
h.d m.wnd Orio. ro i~. ~,.rAwfon.
7. TMt In th~ w~nt Ihat ~t th~ bpinninp of or.~t uiy twne p~ndirg a~ry suit ~po~ this Mwtpp~, w to foratloa~ N, w fo ntonn H. a b«+forp
p~y~M of w~r d~inr Iwrwed~r, wid NWRTGAGEE shall ~ppy to tM Court Mvinp iurisd~etan ther~of fw tM ~ppoi~tm~m of ~ Reuiva, weh Cowt sMtl
fortlwvNA ~ppoiid a ne~iwr of wld eno~tpp~d popnty ~11 and sinpul~r, G+ctudu~p ol a~d w~pulw tM income. prof~ts, hw„ u~d nw~ws han whaNvK
~wura~ dalwd. ~+ch ~nd wNy d whicR N b~inp ~xprNSly undnaood. n hK~bY mwtp~yed a if sp~c~fic~lly wt fath ~nd d~wibd M tM p~antinp and
h~bM~dun~ clwNS Mno1. and wch R~uhK ~hall h~w dl tM bro~d arw! ~}f~ctiw ivect~om r?d pow~r~ in ~nywiH ~ntrvat~d br ~ Cow1 to ~ R~niwr. w~d
wd~ ~pooMtn~M ~hall b~ n~ by weA Caxt a~n ~dn?itt~d eq~ity ~e~d ~ nurta of absdur~ ripht w s+W MORiGAGEE, ~nd wi~hout r~fK~nu 1o th~
~d~qu~c~r a Mwd~4~~eY of tM vdw of th~ OropNtY morto+oed or ro the w1vN+cY a inwlwncy of Nid MORTG/1GOR a fM d~f~nd+na. ~nd that wd~
?~e~e~, proti4, Moom~• MwM ~nd rw~nw~ ~II b~ ~ppli~d by sueA RKeivM Keordinp ro tM Ii«? ot puity ot a~id MORTGAGEE Md tM paClia of wth
Gw~f. -
~ Te duly. W~P~b ~f1d ivlly p~rfonn, dacha?p~, ex~cut~. ~ff~ct, comP~~. ~?^+P~Y wlth ~nd abid~ by Mcfi ~nd ~wry tM ~ipulatlon~, pn~n+w~M,
ao~dNlon~ and aovMwna h wid proenywry no» ~nd thu martpap~ ~s~t fath.
9. lAN M 11» ~+n~d tl» owr~nhlp d 1M mort9p~d a~miNS, o? •ny q~A thtreof. b~eoen~s wstd In • pMwn otlwr tMn th~ MORTCsACiOR. th~
MOR'fGAG{E, IM wcaMOn and usipm, nwy, wirhow noriu to th~ MORTGAOR, d~a1 wi~h ~~ch wcc~uw a wae~w? in inhnst wi+h nferMa b tM~
nqrtOp~ Nd tl» d~M h~reb~? Ncund in tM sam~ manner n with Matpapa witho~t In ~ny way viti~tM+p w dittl+uyinp th~ Mapapwt' (i~b11Hy 1~ew
undn a upon th~ d~b iwnb~r wa+nd. No sab of rM p..misu MrebY n+o.~yW~d ~nd eo forbe•rana on tM p~ of ~h~ MORTGAGEE a b~ wa~~wrs
or ~fpns ~nd np ucl~bn of th~ tYey fa IM paym~nt of tM d~M l~by s~ew~d 91wn by tM» Mf)RTGAGEE or in wea~son a asipn~. sMU opv~t~
b rN~w, dwdwrp~. modlfY d+~^Y~ a~ff~et rlw utpiewl Ii~biti~y ol rM MORTGAGOR I~nie~, ~itF~ in wFwl~ a In p~rf.
10. h N tp~ciflc~lly ~p?Nd that tMn b of tFN eaenc~ of thi~ aontnct ~nd th~t no waiwr oi ~ny obli~tion i~~ a of th~ obllp~tion ~r
cw~d M~nby ~Mtl N a+p tMN tMrNffw b~ Mld w b~ a w~ivM of tM tMrM hKwf or of fFM tnflrvrt~sM Ntw~d hNby.
I1. In ~dd~Non ro Hy fa~po'rq morahFy payrn~~rs of p.inc'pal ~nd int~rHt rpuird by tM promiswry ~oM ~ecwd M.~by. mwt~por cov~nMn
.nd pr.~. ro p.y a morrpp« w~rh •ach manhly parm.~+~ an ~dd~riond suen ettim~t~d by mortype~ ro b~ equal w 1/1~ of tM ~rw~l eou of th~ follow-
~^Di .
A-All rNl propary ta:~s Iwied a auNUd a9~irut the abov~ desaibed real ~stste.
Hnmiums on fin and windttwm imw~nu h~re7n requ;red ro b~ curied on tM ~mprownwnn sltua» on tM abov~ dexrib~d pr«niws.
C-Pnenium~ on wch matqa~ 9uu+^tY insw~r.c~ as matg~pe~ ~hall fron+ rime ro t~me deem fit to urry on tM loan secw~d Mnby.
~ Mapap» ~hall 6om tMn~ to tim~ notify matp~pw in writ~n~ ef tM ~moum dve and p~y~bl~ I+Kwnder ~nd sud? wm ~hall tMrwpon b~ du~ ud
, pay~bb on th~ dw ~t~ of tM n~xt mayhly p~ym~nt ~rd each wcctulv~ mortlh tMre~htr until mwtyspe~ shall notiiy mortpaya of ~ chanp~ in wth
emwx~t. 3uch iunr shall b~ apptied by mortyp~e towsrd tM p~ym~nt of nal prop~rty ta:es, i~u~ranc~ _ premivms, u+d mort9+p~ ~usr~nry imv?ano~
p~Nnlu~M, -
IN WITNESS VYMEREOf. M» Wd MORTGAGOR ha Mrwnto wt ho hand wd ad tM d~y ~nd y~a? fint ar~id. • ~
i~, s"~.¢'"d d'~i"" ~in N". P` f` fIlEO AMO RECORDf D By ; lIi"D , INC.
~ ST_ LUCIE COUNT1r F~a. ~ Pre
~ ROCER ?OItRAS
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3~38642 ~ ~~,,,ry~'• .
STATE OF FLORIDA COUNTY OF ST. CUCIE . ,
I HEREBY CERTIFY, That on this day of ~~ber , A. D. 19 ?7 ,
before m~ personally appeared j-~ui s Benina t i and •°ica ri ell~
respectively President and Vice President , of
Gem !?uilc~ers, Inc. ~ 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 purposes therein mentioned; 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.
~ First Federal Savings and Loan
Assoc~.ation of F~rt nierce
~ This instru~nent ~repared by: Notary Public, in a or ate a~ nty f9resaid.
nobert J. ~ans Jr. ~1N Comrnission Ex ires: otsry PuS~c~tate o~ Fierw~ zt La:rt
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y ~,1/ Cortu~issi0n E~cM~cs ,~:r
~ L ~ ~SC~d An~ti;a~ f,n 6 Gs~aJy Corpaq ~
rv~ i r i~i a.~~ ~ ws vw.vv ~
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