HomeMy WebLinkAbout0327 To pl~c~ ~nd con~in~ovslY k~ap on th~ bu~id~nps now w M~~at~K dtwt~ or said I~nd ~nd on ~II eq~ipmem and pe~w~ully cov~r~d by thi~ mo~~p- ,
aQ~ with ~II pr~miwn~ ~Mr~on pa~d in fvll, fir~ insur•~c~ in Ue v~wl ~r.nd..d Po~~c~ Iwm, i~ ~ aum •pp~ov~d by ~f~e MORTGAGEE. ~nd wi~~um
inwr~nq In tIw ~wal ~~~nel~rd pot,cy fo~m, in • ium +pprov~d by th~ MORTGAGEE. in wch tompany ot cwnpa~~e~ u tM MORTGAGEE T+Y ,
dk~cf~ ~nd dl fin and wind~ann. i~ur~nc~ ~KN1 on any of said bui~d~nq~. ~ny im~.~+~ rF+Kein or part ~Mr~ol, in tM p9.paq win ~fahaid or
h ucc~N tMnof. ~MII cont~in tM u~wl sundud mortypN claus~ a~ucA o~hu ciaut~ tM Mw~p~9N m~y r~quu~. n+~?inp 1M lou ue+d~* s~~d po1F
ciM, ~acA a~d ~wry. p~Yab~ w wid MORTGAGEE ~s ~ts iro~re~t m~y app~ar. and ~ach u+d ~vay ~uch po~~cy ~hall b~ promptly aia.y~ed and dsl~v~r~d ~o
~ny h~ld by Nd MORTGAGEE as fw~Mr acwity ~o aid mo.~yp~ d~bt, ~nd, not I~~ tF~ tM l10) days tn ~d~a~c~ of ~M •apiruion of Nch policy. ro dr
liw~ ro s~fd NWRTGAGEE a r~wal tMrwf, wpN1+K with • r~uipl fw ~M p«m~um oi such r~n~v.~l; and tha~ tMll b~ no f~n o~ windaan+ i~tur~na
p~~qd p~ ~ny d N1d buildnp~. ~ny MtKht fMr~in a p+h tMr~of, v~l~u I~ tM form and wi~h ~M lou psYabl~ ~s •fw~uidr ~~d in tM .~v~nt ~ny wm
~,~y pK~ p~r.bb „nd~, wch polky c. pclK;~s wid MpRTGAGEE ~hall Mw rM op~an ro r~iw ~~+d ~pply tM am~ on +ccam~ of tM f^d~b~ed' "
nNa NN~~d 1M~~by p q pKnwl Nid MORTG/1GORS 10 ~tuiv~ ~nd uN H p•ny pa?~ ~he~eof iw o~her purposa. wc~hour ~herebr w+~~~~.9 w~~+W~h
inp ~ryr puity. II~n w.tpht ur~~ a by virtw d ~hi~ morfpap~~ w+d in tM ~wnt s~id MORTGAGORS ~MII fw ~ny reason f~il 1o kNp tM s+id pr~eniNS N%
Inwnd, a f~{I b dtliwr pranpfly ~ny of ~aid policie~ of inwranc~ to said MORTGAGEE, w fail p~or~ptly to p+y fully ~ny p.emium tMr~tw or t~ anY
nap~cf f~il b pKfwin, di~cM~p~. ~x~c~t~, ~ff~ct, compl~r~, comply with w+d +bid~ by ~his tove~an+ ~ i+nY pa.~ Mreoi, uid MORTGAGEE inay p~ac~ +~d
p~Y fa Wd~ Mqut~ p~ny parl tMrwi witAout w~ivinp o~ aN~ctinp aq option, lia?, ~qu~~y, or riqht ~nder w by virtw oi fhif Mort9a9e. ~r?d tht
h,~~ ~rno~nt of ~ch and ~wry wch p~ym~m ~hall be ~rnnwdiately dw ~~d p~yabN •nd ~MII b~+r ~f11NN1 fran tM dat~ tMr~of until paid ~t tl+~ ?at~ ol
niM pM pnewn pN ~rxwm. and topNhe? with such intere~t aMll b~ uturad by tM litn o~ th~~ na+tpag~.
To p~rmH. oonw~N ar ~uHM no wa~t~. 4npai~m~nt a d~terar~tan of said propsny a any p~n thereof.
S. To p~y ~11 ~+d ~kpular tM cwn. cha~9N and ~xp~ns~s, includi~+p • r~a~on~bl~ ~t?wney's fe~ ind costi of ~bstracn of ritls. incuned w p~id a~ .
~ny fkn~ by uid MORTGAGEE, b~cwN w a~ tM ~v~m ol tM t~ilw~ on ~M pu1 of ~M s~id MORTGAGOR ro dvly, prompNy ~~d fu11y p~rfw~n, d~xMr~
~:~cvt~. ~ff~ct, compl~t~. complr with u~d ab~de by ~ach ~nd ~wry tM ~tipui~tans, +p~cemMri, condit~om, ~nd town~nts of sa~d prom~swry noM and thu
~~Y~Y~ ~^Y a~ithw. and w~d co~n. d~upe~ ~nd ~:p~nies. ~ach and ~wry. ~hall b~ immedia~e~y due and pay~bl~: whe~hsr a nof tMr~ b~ no~ic~ dr
nwnd, atN~npt b cdlM a wit pM+dnps a+d th~ full amount of ~~ch ~nd evt~Y wch ptym~nt ~MII Near in?~res~ from th~ date tF+~reof u~ril p~id at the
.~t~ of nMN pN c~ntwn pu ~rwwm; ~nd ~II said tosn, cMrge~ and expensea inturred w pa~d, tog~tFw~ w~th such i~t~rql, tMll b~ sstw~d by tM IiM of thu
^wrtpap~.
6, ihN (a) in tM went of ~ny br~ach of this Mwtyp~ or defaulr on tb part of rhe N10RTGAGOR, w(b) in the eveM ~ny of ~atd swns o~ money
Mr~in r~f~rr~d ro b~ no1 promp~ly ~nd fully paid wi?hin th~rty (30) days next after the same ~ever~lly become dw and payable. withou~ d~m~nd a notice.
or N the ~wm each ~~d ~wry th~ stipulations, ~yreemM+t~, ca+~fiom ~r~d oowrn~» of s~id promiasory note ~~d th~~ mw~qa~e any a ~ithN •r~ no1
iu1y, pomptly ~nd fullp p~rfwm~d, d~scl+~rped. ~xccuted, eftected, compleud, complMd wiih and ~beded by, then i~ e~~her w any ~uch event tM s~~d p~
prpaN ~wn m~nfia+~d in a~id promiswry not~ then r~mainirp unp~id. with ime~es~ +cuwd u~d all ma~ys secured Iwreby, shall b~com~ dw ~nd p+y-
ab1~ fwthwith, a fM?NftN. ~1 tFy option of said MORTGAGEE, u fully and compb~~ly if all of the said wms of money wcre apin~lly atipul~ttd
to b~ p~id a? ~uch d+Y. ~nylhinp i~ said promiuory note w in thi~ Mwt9pe to tM ta+trary notwi?h~tandinp; and therwpon a there~~ler at tM op~ion of
uid MORTGAGEE, wietqut notic~ w d~mand, suit at law w in ~quity. therefw~ w tMreafrer beyun, may be prosecufed ~s if •II mon~ys s~cured hertby
Ivd nwtvr~d prar ro ia lnriturion_
7. TMt in tM ~wnt thN at ths b~ginn~np of or at ~ny tim~ pendiny ~ny suit upon this Mo~tgage, w ro faeclos~ tt, o~ to refam it, a to enfwo~
p~yemnt .of ~ny d~irm Mrwnder, ~aid MORTGAGEE sMll apply to ~M Cour. harinp ju~i~diction thcreof for tM ~ppointm~nt of a Rec~iva, such Coun sAsll ~
fwtlnvNh ~ppoint a nc~lwr of sald mortpap~d property dI ~nd ~inpular. includ~n~ dl ~nd singul~r tM income. p~ofiti. issue~ ~nd nvMws fran wh~bv~r
wwa dKiv~d. ~Kh and ewry of which, it b~irq exprenly unda~eood, i~ h~r~by mwrgaged ~f if ~pecific~lty wt fath and d~wib~d in tM prantin~ ~nd
habmdwn cf~wp Mr~of. ~nd ~uch R~c~iv~r shall have •II the broad +nd eHectiv~ funct~on~ ~nd powc.~ in anywis~ ent~wted br • Court ro~ Rec~iwi, ~nd
sucfi ~ppo{nten~m aMlt b~ mad~ by wch Court a~n admitted equity and • rr+~ttrr of •bsolutc right w uid MWRTGAGEE, and wifho~t refsr~nc~ w tM
~dpuacy or Inadpwcy of t1» valv~ of tM prop~.ty n+or~pped w to the w~v~ncy or insohrency of said MORTGAGOR or tM d~fe~danN, ~nd that iuch
?~nu, profit~, lncpm, iuuN ~nd r~v~nuM ~Mtl ~pplied by such R~c~iv~r ~KWt~i~ 10 1M ~iM Of puity of ~aid MORTGACaEE ud tM prwic~ of such
Court.
A. To d~ly, pranptly snd fully p~rform. diuharp~, execut~. ~ffect, compl~», comply with •nd ~bide by ~ach ~nd ~wry tM ~tipulatioen ~yr~menh,
conditipr ~+d cov~n~na ~ a~id promissory note ~nd ~hi~ mortyp~ s~t fwth.
9. Ths~ In tiK wem th~ ownenhip of tl» mOrt9~yed prtmiaff. a any part thereof. becomes vesred In a p~rwn other tMn tM MORTGAGOR. N+~ `
AAORTGAGEE, Ih wtte~ws and +a~pm. m+Y. w~~han notice to tM MORTGAOR, deal with such succesw? or successor in interat with I~~NMC~ ro thit
mortpp~ ~nd tM d~bl Mr~by Ntur~d in tM t~x m~nn~r w7~h Mo.rpapa wirhout in •ny w~y vir~~finy a d~~chargirq tF» Mortyspon' It~bility Mr~-
undK p upp~ Ny d~bt h~r~by ~~cwed. No sal~ of tM pr~mis~f i+~reby mortyped •nd no forbear~nu a+ tM p~n of tM MORTGAGEE or In woc~saon
or Nsipn~ u~d no ixt~nsian of tM rinN fa th~ p~yrrum of tF» d~bt Mr~by iecund 9iven by tM MORTGAGEE w i» ~ucui~ors w au~pnt, aMll opw~»
ta rN~p~, diuhup~. modify thanp~ w~ff~ct tM orip~nd li~bility of tM MORTGAGOR Mr~in, ~itMr in whob or In p~rt.
10. 1~ b sp~c~~ically apr~sd that tlrn~ i~ of the esxnce of thi~ contrsct ~nd that no wdvar of any obliyanon h~rwnd~r a of tM oblfpatio~ w-
cund hK~by rhaU ~t u~y tlrn~ the~eah~r b~ held to b~ • w~ivK of tM t~rm~ Mreof w of the imtrumem ~ecund he~by.
11. In additfon to fM forpo:np rtanthly p~yments of princ~pd s~d int~reit rpuired by the prom~swry note secured htreby, motf9~por ~nN
,r+d ay..e. ro P.y ro ~wno.p.. vrith ~ach monthly paymtnt ae ~dd~~iond wm e~timated by morryapee to bs eqwl ro 1/12 of 1M ~nnu~l 9Q~tOP1l~Eollow-
~np; C ('.l ~ t' .~t
; . . ` J
A-All nal prop~rty taxN bv~ed or •asessed agaln~t thc ~bove deur~bed real estate. "'~~i •~•j >
i d-Pnmiums on fin •nd windstwm imur~nc~ ~s herein requ~red to be carried on 1he improvements sitvate on the •bove dCitfibRd .
i C-Pr~miums on such mortg~y~ ywranty inaurar.ce +s mortg~gee shatl from r:me to t~me deem fit to carry on the ban satuf~Fl `S
:
i MortypN ahall irom tirrK to tirr» notify mort9spor in writing of the amount d~e end pay~ble hereunder snd ~uch ~um sAafl t due'~rid
i payabb oe~ tM dw dat~ of th~ next ma+thJy payment and each succesiiv~ month thereafter until morrgagee shall norify mortqa~or'o, in~ _
f •mount. S u c h wms sfiall b~ ~pplitd b y mwtppee rovvud the p~yrrKnt of real properry taxes, insurance prem:ums, and m o
r~~ e _`i n
j ;
~ prHnlurM. ~ . y. ; ~ j : •
~ !N WtTNE35 WMEREOf, th~ uid MORTGAGOR ha~ i+e?wnto t~t hi~ h~nd u?d t~+I the day ~nd y~n fint ~for~~id. "f ',1 ~
~ sbr,.d, t,d .~,d d.u~...d M~h. P?...~c. of: SUiV GROVE MONTESSORI SCHOOL, F1oY;,d~.~a'~'~ion
~ .dbt~~ ~fit
t ~ ~
~ ' BY: ' q .
~ udol h . Widman, President ~
c ATTEST: ~.~l~c~ ~5.aq
~ Faye Wright, Secretary
; •
S
1
~
~ry
Y
~ STATE OF FLORIDA COUNTY OF ST. LUCIE
, •
~ I HEREBY CERTIFY, That on this day of- September A. D. 19
~ Rudolph P. Widman and Faye Wright
~ before me personally appeared
~ respectively Preside~t and Secretary no or prdYit
= SUN GROVE PtONTESSORI SCHOOL Florida
~ _ , a _ _ 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 there+n meniioned; 'and that they
~ affixed thereto the official seal of said corporation, and the said instrument is the act and dee~.of seid' CorpOration.
. ~
- WITNESS my hand and official sea! ai Fort Pierce ~ n r~ C~ ~ , said county an4 itsie!"._ '
f L~ 1~M0 RE QR~[U - Y?,~-~ r. ,
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~ aoc PO AS ~~o~t~y,;~ut~lic,~i~~n~~for St9~e and ~oUnf~l_~~fts~ald^
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