HomeMy WebLinkAbout1710 -
~ f
be foreclosed for the whok cd ssid maney, interest sad coats: ce Mortga[9e may for+ecloee only as to the sum pant d~.~e. without in-
fury to thin mortgage or the diapkeeaeat or impainaeot of the remainder of the lien thereof, and at ouch torrclosure sale thr prop' ,
ergr shsll be aokl aubgect W sll remainin[ items of #adebt•~daeaa; and Mort[a[ee may sgain foreclose, is the acme msnaer. as oitea '
ass there msy be aqv sum past duty -
8. Fatcept Burin[ such period or period: as the Mort[a[ee may from time to time desi[nate in writia[, the Mortgagor will pray _
to the Mort[s[ee oa the tint day ~ each month throu[hout the eziateaee of this mortpge a sum equal to the Mort[agee's estimate
of the taicea sad asseearnenta neat due oa the mort[aged property anti pretniuma next payable on ce for policies of fire sad other hazard
insurance thereon, lean say some alreac>y paid the Mort with respect thereto, divided by the number of months to elapse before
one month prior to the date when such taxes. aaaesamenta sad premiums becorac due sad payable, such sums to be herd by the Mort-
ta[ee,without interest. to pay such items. It at +u~y tune the estimated sum is iasuQkieat to pay as item when due. the Mortgagor shall
forthwith upon demand pay the deficiency to the Mort[a[ee. The arrangement provided for in the para[raph is solely for the added
protection of the Mort[agee and entails no reaponaibility on the Mortgagee's part beyond the alk?wiu[ of due credit. without interest.
[or sums actually received by it*I1pon the occurrence o[ a default under this mortgage, the Mortgagee mr~y apply all or say pirt of the
accumulated toads then held. upon aqv obligation secured hereby. IIpon aasi[n~aeat of this mortgage, say tfrads on hsnd shall be -
turned over to the assignee and aqy responsibility of the:.ssi[aor with respect thereto shall terminate. Each traader of the ntort[a[ed
property shall automatially transfer to the [raatee ail ri[ht of the [cantor with respect to any [ands accumulated hereunder.
3. That in case of default or the bunpeaing of any event which would enable the Mortgagee to daclare the whole iadebted-
neas secured hereby immediately due anti payable: th+ Mortgagee stall be entitled to the appointment of a receiver of ail the rents.
issues sad profits. re[ardleas of the value of the mort[a[ed property and the solvency or insolvency c+' ; he' Mortgagor sad other
persona liable to pay said indebtedness. -
l0. That the Mortgagee rr?ay collect a "late cMr`e" not to a:need tour cents (4c) [ot each dollar of each payment due hereunder
made more than fltteea (15) days is arrears to cover the extra. espease involved in handling delinquent payments,
11. That the words "Mortgagor" sad "Mortgagee'' ~rbea used herein shall be taken to include singular sad phual number and
masculine, feminine or neuter gender. as may tit the ass, and shall slaw include the heirs, administratorsr executors. aueoawors
sad assigns of the parties hereto. Each and all of the terms and pmviaions hereof shall extend to and lie a part of aqy renewal or
extension of ibis mortgage. "
12. That this mortgage and the note"secured hereby constitute a Fbrida contract and shs0 be construed according to the
law3 of that state. -
Further and additional terms, conditions arid covenants hereof are contained in an
Addendum attached hereto and made a part hereof, by which both Mortgagor and Mort- ~
gages shall be bound,-and the propeY+ty encumberd hereby shall be sttb3ect to the
terms, conditions and covenants of said Addendum. - -
*Iit,rtgagor agrees that such funds will not be,~nor deemed to be, trust. funds and, may
be-commingled with the general funds. of the. mortgagee or any other. entity holding such
funds at the request of mortgagee. -
**provided that. the collection of said late charge shall not be deemed awavier-:by
.mortgagee of any of its other rights under this mortgage or the note it secur~s._
- ~ _
1N WITNESS WHEREOF. the said Mortgagor has hereunto set hit hand sad seal the der and yea cost abo ~ ~ r ~ -
- SAN LUCIE PLAZA, IIIC. , a Floes Rip ~ ' ,
Signed, sealed and delivered in the ~ ~ _ `
- r. . r
presence of us: : c;
0
Its i de ti's .
J~ ~ '
yy yy~t . :fit
- - - - - - - - ,,pit
_ - Its Secr ary
- - i
- -
i
STATE t1F FLORIDA COUNTY OF ST. !_UCIE
I HEREBY CERTII:Y, that on this --25th day of Januar,K, , A.D:, 1~p_.,
i~efore me personally appeared Colin Carr~be 11 and Renee 0. Cat~pbe I 1
s
respectively President and SecKeta~/ of
SAN LUC I E PLAZA. t NC . , a _ FI or i de ~;.~orporation,
to me known to be the persons destxit>ed in and who executed the foregoing instrument, and~'etiersll a~lcnow-
lodged the exeartion thereof to tie their free act and deed as such offieers#or tfie uses ~rtd ptirpo
tinned, and that they affixed thereto the official-seal of said corporation, and the said inat~u ~ ' - •
deed of ~ said corporation. • - ~ : N~ -
WITNESS my hand and official sea! at - C
- ~~m:
o•,
. 4 ~
.1
r~i~ Notary Puf21~_, in aitd for State and- .
NO/At1r hth11[ S • pa •r raRGt . .
• - - Rift ~1MISSlON~fl?IIES OR . 7 f9gQ
My Commision Exaires: - _ _