HomeMy WebLinkAbout0291 Te pl~ ~nd continuously kNp on IM bulid~~+pt now a her~aftN utuut or sa~d Sand ~nd on ~ti e~.,~wn~nt ~r~d psrsonally wva~c) by ~his mw~¢
ap~, with ~11 p~mivn?~ ~M~wn p~~d in fu~l, fir~ inw~~nc~ ~n ~M wwl ~~~nda~d poGq form, in • sum ~pproved by rhe MORIGAGEE, ~od winduwT
irnw~nn M ~M wwl ~~andard po1Ky farn. i~ • ium ~pp~or~d by tM MORTGAGEE, in wch canp~ny 'w comp~m~~ ~M MORtGAGEf +n~y
d'wct~ ~nd +II fk~ ~~d w~nd~a~~n in~u~~nu po~~c~~s on ~ny of w~d build~np~. ~ny ie+q~~fl ~Mr~in or part the~~of, in tM ~~Qr10N~ ~um ~1W~MW W
In ~xaa Iha~ol. ~MII coe+l~in IM utwl p~ndud ma~9pN davN a~ucA o~F~ dauN u tM Matp~9e~ m~y ~~qv~~~. m+Ainp tM loss vndK ?~~d po~F .
ctM, Nch ~r+d ~vNy. p~Yabl~ a~~id 1NORTGAGEE as ~n imae?~ may app~ar. ~nd fKA ~nd way ivch po~,~y ~A~II b~ prompUy ~q.yn~d and d~liv~red ~o
aMr h~W by wW 1MORiGAGEE M fw~h~r ~ecwity ro uid mwtpp~ d~br. ~nd, not I~u ~Mn r~~ (10) d~y i~ ~dvanc~ of tM ~Ypira~ion o! ~ach policy, ro d~- `
livM ro afd MORTGAGEE ~~~xw~l tMr~of, toq~~Mr w~th ~ receipf fo~ ~M pr~m~um oi ~ucA r~n~w~l; and ~Mr~ ~hall b~ ra fir~ or wind~~am inw~~nc~
pl~pd on ae?~r of Nid buildlnps, ~ny in~~.~q tM.~~n or pan tA~rwi, v~l~s~ tn ~M forn~ ~nd w~~~ ~M los~ p~y+bl~ ~iaei~ids w+d in ti» ~wn~ ~ny ~un+
o} n+oMy b~cp~ p~y~pb w~da wcA polky w polKiN wid MORTGAGEE ah~ll Mw ~M opt~oe~ ro r~c~iv~ ~nd ~pp1y tM ~am~ on +cwum oi tM ind~bud-
r~ Ncw~d Aa~by a w pt~mit uid MORTGAGORS ro reuiv~ and uw it a any part ihereof for ofher ourpoies, wnhout thr~eo~ waiv~ng o~ ~mp~i.-
Inp ~nr pu;fy, IiM p riphl untl~. a by virtw of rhia n,o:typr, ~nd in rM ~v~n~ u~d MORTGAGORS shall fa any r~~wi+ fa71 fo kNp tM s+wl prtnufM w
Inwnd, or fail b d~livN promptly ~ny of ~ed pol'cies of iryur~nc~ fo s~~d MORTGAGEE, w fai! promptly to p~y lully any p~e~*+ium therela o~ in any
rNp~ct fdl to palwen, dncM.q~, ~a~cut~. ~ff~c1, canpl~t~, canply wirl+ ~nd ~b~ by th;~ cov~~an~. a any psrt herwf, s~~d MORTGAGEE may p~ac~ •~d . ~
` pay }p wtA Inwr~nc~ ot ~ny prrt th~rqf w~Mo~t wNvinp a~ffec~irq any opt~on. li~n, eqvlry, o? ri9h~ under a by virrw of thl~ Mo.rpp~. ~nd the
t~ll anovnt of ~ad~ and ~wry wch p~rm~nt shall b~ ~~nm~di~aly dw •nd ~Yabl~ ~nd ~MII b~a. int~r~q f.om ~h~ dat~ tMreof vn?il p~id at tM ~at~ ol
nin~ pK pMVm pK annum ~nd toq~fher wi~h wch iot~re~~ ~halt p~ secured by tM li~n of thi~ mortp~gt.
1. To p~rmtt, camdl or wHsr no w~u~, 4npa'ament w dst~r~w~tan of u+d propaty or ~~y part thereof.
S. To pay ~II ~nd sinpulw the cwts, char~e~ ~nd ~xp~n~s~, includi~y • r~aaauble ~t~orney'~ ~ee u+d co~~t of sbstracis of title, incurred or p~id at
~ny tim~ by wid MORTGAGEE, b~tw~ a in th~ ~v~m o~ tM i~ilur~ on ~h~ pa~ of tF+~ i~id MORiGAGOR ~o duiy, p.omptly ~nd fully perfwen, d~xMrgs.
~x~cut~. ~ffM. wmpltt~. eomply with u~d ~b~da by ~~ch ~nd wNy ~M uipul~~ana, ~yretm~~n. condi~~om, ~nd cov~nants of sa~d p?omiswry noh ~nd tA~~
morlpp~ ~Mr or ~irlw. ~nd ww! co~n, cMrpN ~nd e=p~nses. ~ach ~nd wery. aMtl b~ immed~~tely dw u+d pay~bl~: whe~Mr a not rMr~ be notic~ de
mand, ~ttempt to tolbtt w wit p~nd~npt ~nd tM full ~mount of t~ch and ~w?y such p~yment ~MII bear im~re~t f~om tAe dare ~hercof until p~id H tM
rar~ of nin~ p~r c~nturn pN ~nnum; and ~II ~~id cosrs, charges and eapenses ~ocu~red w p~id, tog~ther w~th such imerest, iAall b~ ~ecurad by tM lien of thi~
mwt4p~•
6. Th~t in the w~nt oi any br~ach of thii Ma~y~~ a default on fir p~n of rhe MORTGAGOR, or (b) in fhe evem ~ny of sa~d ~wns of mo~e~
he?~M refKr~d eo b~ ewl promptly ~nd fvlly pa~d w~~hin thuty (30) days next after the ssme severatly become due ~nd pay+ble, w~~how d~mand a notice.
or (c~ in fM tv~nt ~+ch and w~ry tM atipul~tions. ~gr~em~nb. conAi~ions ~nd cov~nts of sid promisso~y no~e aruf th~s rtwrt9~9e ~ny a•~fh~r ar~ no1
luly. promptty ~nd fully p~rfam~d, d~scMrped. ~aecutcd. effected. compt*ted. compl~~d wieh and aD~ded 4y. tMn in either w•ny sucA wem th~ aid ~g
Qrp~b wm m~nfiornd in hid promiiwry note then r~rt+aininp unp~id, with inetrest atuu~d. ~nd ~~I montyt ~cured hereby. ~Full betom~ dw ~nd p+y-
~p1~ fwti~witi?, w rMnafr~r. H ~h~ opiion oi aaid M3Ri~,rlviE, u(uiiy •~ni Cwnpiait3y st :f aS; af r!~ ss:d wms of ma.~ey ~.-ero w~yinatly itipuleted
to b~ p~id on ~uch day. ~nyfhinp in ~~d p.om~~iory note w in ~his Matpa~e ro tM conrrary notwi~hst~r.d~np: •nd ~hereupon a thereaher ~t tl+~ op+~on of
said MORTGAGEE, without r?Wic~ or d~mand, a~it ~t I~w a in puity, th~rciw~ a th~~eaf~er ba~o~,.~rr b. ao..cv~ed ~s M~'A rnon~ys Ncurtd he~eby
?Nd IMNr~d p~qr to iu irNtitution.
7. Tfwt in tM ~v~nt tlut ~f ~he b~girrninp of or af ~ny tim~ pendiny any suit vpon ~hi~ MwtQ~pe, M t0 fpK~OSf It, p to refwm lt, or to ~nfaw
payn~er?t of sny daims I+Nwnde+, uid MORTGAGEE •h~ll ~ppty to The Cov.~ Mvin9 ju.isd~crion therwf for da ~ppoMtmem of a Receive~, wch Coun sMll
fatFiwlth ~ppoint • rwiv~r of uid matpp~d p~operty all ~nd ~irqut~r, includ~ny •tl +~d •~~+gul~r tt» incomt, p~ofits, iys~~ u~d r~wnws (rom wh~t~vtr
wuru d~riwd. ~~ch ~nd ~v~ry of wh~ch, it beinp •xpreuly und~r~iood. it Mreby mwtg~ged ~f ~'ipectfiully s~t iath and dticrib~d in tM p~~minp ~~+d
h~b~ndum d~u~ Mreof, ~nd ~uch Rec~iv~r ~hall Mw •0 th~ brwd ~nd effectiva funct~o~t arxl po~lty~_in ~nywise emm~tes! by • Cowt to ~ Receiwr, u~d
wch ~ppolntn»nt ~hall b~ m~ by wch Court ~n ~dmitsed equ~ty and • rrutter of •bsol~t~ r~gh~ to uid MORiGAGEE, ~nd withou~ ~efsr~nc~ a tM
~dp~~cy a In~d~q~~cy of th~ v~lw o} tl» property more~~9ed or to the wnr~ncy o~ imoivency of ~a~d MORTGAGOR a the d~fend~nts, ~nd rMt ~uch
r~nr~, proti», Incan~, iuuN ~nd ~w~nw~ ~hal1 b~ ~pplied by such Receiv~r ~ccord~np to rM lien w puity of ~~id MORTGAGEE and tM p~ctiu oi wcA
i'.o~rt.
b. To duly, prornptly ~nd fulty p~riw~n, dxMrp~. ~xecu~~. ~ffect. cornpl~r~, comply wlth •nd abids by ~ach ~nd evtry tM stipul~tant, p.~nn.
condMbm ~nd cov~nn in sa~d promiuory not~ ~nd fh~a mortyp~ ~t fo.M.
9. That M tF» rwnt tM owr»nhip of tM mortg~q~d pr~misN, w•ny p~n thereof, becomt~ wsted in a peraon other tMn tM MORTGAGOR, t!w
MORTGAGEE, It~ wcc~won ~nd ~uipns, m~y, w7rhout ~orice to tM MORTGAOR, de~t w~~A •uch succeua a successor in ~ntereaf with r~ftr~nu to this
mortyp~ u+d tM d~M Mrebp wtw~d in th~ ~~m~ m~nner ~s w~th Mortp~pa w~thout in ~ny way vit~atiny w d~schargin~ tM Mo?t~yor~' (i~bility Mr~-
undK p? upon th~ d~bt Mr~by Ncured. No ul~ of the Frem~N~ her~by rnor~y+yad ~nd no forbeersnu on tM pan of t1H MORTGAGEE a Ih suatswrs
w~pfpns ~nd ra ~xtKUion of tM sim~ fw ?F,~ payment of th~ d~bt Mnby ~ecur~d qiven by tM MORTGAGEE or iti ~ucas~on a~ui9nb ~II opaat~
to rd~a~, dacMrp~, modify chary~ or ~H~ct tM a~y~na1 i~ab~i~~y of rM 1NORTGAGOR Mr~in, ~ith~r i~ wlwl~ a in p~rt.
10. It b sp~cifk~lly pr~ed that tim~ is of the css~nce of thi~ contr~a ~nd tAat no waiver of •ny obl~~n~on Mrtve~d~r or oi tM obllp~ifon N-
wr~d Iw~by ahall ~t a~y t1m~ tMr~~h~r b~ he3d to M a waiver of tM t~rm~ Mreot a of th~ instrument ~etur~d herby.
11. In additton fo tM forpo:np monthly p~yments of prinCp~l ~nd intere~t rpuired by 1he promiuory not~ secur~d Mrsby, mort9~por eov~naets
u+d prws to pay to monp+Qt~ w~~h ~ach monthly payment ~n ~dd~rion~l sum e~tim~ted by morty~qce to be equ~l ro.l/12 of tha ~nnv~l ca~o; tl~ follwv-
Iny: `
A-All r~d prop~rty t~xN I~v~ed or a~sessed ~ga~~~t the •bow desv~bcd re~l esr~fe. ~ ~
~
6-Pnmiums on fin ~nd windstwm insur~nu s~ h~rc7n requ~.ed fo be urried on the ~mprovements •itvste on tbe ~bove desnibe~ pri~ri .
C-Pr~mivm~ on fuch morty~y 9uar~nty irovrar.ce ~s mo+tg~gee al:stl from t:me ro t:me deern fit to ca~ry on the Ioan secwcd ~reb~r . ~
' ~,i ~ .
Morty~gN shall from tim~ fo tirrw no~ify morty~gor in wrir~n~ of the amount d~e snd pay~ble hereunder ~nd iuch sum ~halt th4reupron~ 40-~t ~n~_~ ~
~ pay~bb on tM dw dn~ of th~ n~xt monthly F~ymene •nd each succe~sive momh thereafter ur?il mortgagee ihsll not~fy mortgsgar ot a~n~ `in su~ •
4 ~mOyfll. 'SUC11 Wm~ {na11 W~~i~t0 Dy mOIr9a9ee rOwarp tR! ~yment oi resi proptrTy i~aes, insvronte p~em:~ms, •~w rnwig~y4 ~ireniy YNtJ~~wC~
p~M1ltNtq• C~ .
~ IN WtTNESS WNEREOF, tM aaid MORTGAGOR hn hereunro ~tt hia hand ~~d s~al th~ day ~nd y~~r flnt ~for~uid. . ~~~~Z ~
~ Ston.d, 5..~.d . it~K.d M rM .s.~. ot: PHEONIX ENGINEERING SERVICES CO~tB;.;, ~~,',~l~brida
~ . ~iiv -'(~~rtti 4
~ .
x 0
~ ' - .BY • - 'L .~ic~ 4
y ~ Kenneth Rea an, President n
~
~ - .
STATE OF FLORIDA GdUNTY OF ST_ IUCIE ~
~ + '
~ I HEREBY CERTIFY, That on this ,;2-! day of-_ July _ , A. D: ~1.9~
, .
~ hefore me personally appeared Kenneth J. REagan ~~~t d 3 i 4 ~ .
~ President aRat - -~~~~X , _ ~
~ . '
x6esj~RCtiHx~qtc- - - ~ - '
~ -
~ _ Pheonix Engineering Services Cor~____, a___ Florida ~~~~;~j
~ known to be the persons describecf in and who executed the foregoing instrument and severally ackndwFedged the eze-',
~ cution thereof to be their free act and deed as such officers for the uses and purposes therein mentioned;~'ead, that they
~ affixed thereto the official seal of said corporation, and th said instrument is the act and deed of said corppration.
° WITNESS my hand'and official seal at Fort Pierce , said ounty and state.
~ C , /
L--C c.~C ~ Cc'-C~ C~ i-c
_ Notary Public, in and foN~eP~d~C~a
~na~ ~o~sNi:~
My Commission Expires: My ~,,,,,,,;,~M E,r,;~„ a~
_ ~ond~d br Arnericon Fir• • Cu.rrhy C/
FiLED eM0 RECORDED
~~Y vt rv~~ rro~w S? :~C~c ~nnH•.. f. •
Fo~t Pisrc~, Florida 33450 ~ ~.o 7~ ~ %'ss
~ . f:"~. . ~UJ'. 1:.r:11
Checked By - ~
~
~ Ju~ 10 2 s~ PH.'T~
~ . 4U9a3bi4 - ` j=~71.
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