HomeMy WebLinkAbout2948 3. To plac~ a~.l i~~t;r~vo~s~r ~_rp un ~he LuL.ir~~s re:t or here:,{t~•r s~t~;sti cn s,.l ~and ard c,n ~q_~ipr.a~t ar.'v~ {~r•rsonally tovcred `t~~s ~notlg.
age, ~v~~h all ~+rrn~ivn:s ti.~~tc'un f e:ct in tu:l, t;:c i~ttuc.~icc ia ti~: ~.s.:ai sta: i1r.i p.',<.~ lonu, in o sv~:i :,i.;~~o'.c~~ bi tiia !r1~`f2~G:~l,Ei, c~~~i v.~~,_i~tor.n
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inf~~dnte ~n Ihe ~.5~~1 St~~:<?ard ~o1.cy tor~n, in u:um a,:•;,~ov•~:1 t~y the !~1C.RTG~i;•t. :n ti~ch c~n•~+an~ c;r com~:dn~es as the h~....,;.(iiE rndy
ditett; and all tir~ i::J w~n~l,torm ~~~sv~.~:~cc po~~::rs en any of s~~d bui~d,n~s. any ~nt~ rest t~:~~rcin or ~~.vt thercof, in thz aygrigat~• i~~i~ti ai-v:esaid cr
In excest i~ereof. sF;ail .cnr.,in i!~e ~aua1 s+ar.d:,i~l mc•r:g.~n~e ciause or :u:h o!her i~aus= as tLc ,~~o~tga.,iee inay ~equ.ce. n~eAi«g tb~• lcss ~•~~d<< 51i1I No1i-
eies, eath ond ~vcry. t?iy,!,'~ to s+~d A'_)Riv1~EE .,s in rttrrest n~ay~ a~~p,ar, a~d each ar.d e~c~y s~•ih pc•'~c; e!„~I br ~ro~r~F,;iy asscp.cd a.:d d::~~cred ~0 7
any he!d by s~~d I.tORIG:~GEE as l.:~thar :~cv~..~ to si~d n:o~t~~ye ~lcUt, ar.d, not 1e~s ~I~an te~~ t~Ji d.~~s i:~ ~ci~anc_ of iha exj:~h~~oii oi cath t:olity, to dr• .
liver to sa'd A10FIGAG`E i re:~e:.:,i ti~cr~~,f, tn.~e~h_r ~itii r~ce~~>t f.r Ihc pr~~,:lum ct such r~ner.:!; 1r.d ~h<-re sha!1 k,~ no f,re c• winJ:~u•~n insurance
placed on any of sa:~1 b~'~d~tigs. an~ in~rresi ihcre~n or pa:~ ~he=r~f, un'~•ss ~n ;I.e tcrm a~,d vn~h the toss ~»yat;'e as afo~esa~d; ar~c+ ;n the a•.a~~t a,iy sum
o} mo~ey beco:~~es pa/ab'e ~~nder si~cli poli[y o~ p~l:ci~s s.+:d 1AOk1~AGEE sh:ll I~~va th~: o~~t,on to ~eo-~ce e,~.l ap{,iy the sa~+~~e on hcc~v~t oS ine ieiua4~ted• .
n@SS sa'e~~tiil hCr@by C~ t:. Fermit Sa:t1 l,1URTC~~CiO.~$ to r~•:~•i~~ ai:d uSe i~ o~ c.'~~ t'r~..•:r.~f i. r c.~~•~~ ~.ur~~~s:~:. ~•:~li~o.~! tli:'~.~~ ~v: i.~ e~ ~t ~~:e;~;:~!-
fng any eq~~~ty. I;rn cr ri~4 ! u~ui.-r or Ly ~~r~ue of tn~s rno~'9ana; a^d in the e•:ent s3 d MORi(3AC'~ORS sh~!I ior any rcason fail to kee{~ the sa :I premi1rs so
insur~~d. or fail to d:~;~~~•r ,~ro,r.ptfy a:~y oi sa;cf F~L<:~:s :.f insu:.3•:c~~ lo sa:d ;.i051:•:1CtE, cr i,~! ,,romE~;ly to ~,ay fully r~iy ~~remiuin thc~e{or or in a::p .
respeU fa~t ~o periorm, d:i,t,:;n~e, ~x,~~~te. elie:t, a~n~~~'otc, co,r,p~y wi~l~ and a!~ide F;y ~t,s cor•anant. or an~ part h:reof. ssid 1AUCIG,:GEs m~y F~ia,e a~•d
pay (or wch insvrnr.ce or a~:y p3rt th~r~of ~tilthout ~~aicing er aff-~c~,a3 any opt;o,~, l;en, equ~t~, pr ~~~ht ur,d~r or by virtuz ef thi; A\or~g:,~~, e~~:l tt~e _
full amount o( ~ach ~r,d c.L•y s~:h ~•ay~•~.rr~t Sh~il La imnud~at2!y d~.e .~•:d E:,a~at,!: ar,J sh~V F~eat inlir~5t ft~~n tho date Ihcrcof un~il p„id aI 1he rate o~
~ir.e ~~.~i ctn!~~n rer ~~~.+x~:n ;:l ?e>:7_ti.;r ~.:i'ie s~ct~ i~~t~„c.st cl~,tt i:~~rec2 l:~ t:^.e ;;en of Ih;s morlc~j~~. .
d. To N2!nl~t, C0~2:~~~it Ot Sv{fcr ~•O ~tiaSt.~. imp3irm;nt U~ clcli~~CrJ1iJn Of Sa~e3 ~~!vF_~ty Ot any r3r~ thereo(. ,
~ S. To p~~y ali and singular ti~e costs, cha~ges and ~~~pe+~ses, intiud~~}g a reaso*~ah!e at~orney's fes ani costs of abshac~s oi 1i11e, incurred er pa~d at
~ any time by s~~d AtG~1~AG`.F, bec~usc or ~n the cver•t of tf.•~ f~..~urc.on the part ot th~: soid ,ti10RTG.~GOR to duly, p~omptiy and fully p~rfo:m. dischaige,
execvte, eSfec~, co~nFetetc, co•~~p;~ v::~h an,~ ab'~le F~v e:c!~ and ~-~ery i1~~ stij~u!a~~uns, agrc~e~nants, <onditions, ar~d covenan~s oi said pto:nisSOry n~te rn~i this
n:ortgage any or e~lher, and sa d cesrs, cha~ges and axc.enscs, eacf, an;f e~•ery, shj~t L~ 1:~Ii7tC(It3~C.y ~lue and eaya6',e; ,n~lie;her o~ r.ot :hare b_ ncice d_
mand, d~~c'~~~pt to toili-ct or suit pend:n^; anJ tf~e f~'.I .rt;eunl of e~ch and cvot~ s~•ch {:aym.~~nt sha!{ bcar ird:rest 4!orn !ne d3te ~hereof vntil paid at the
r;,t~ ej n~nc ncr crn;4~n F ar an,~ti.~,, az~:.' at; sr.;i c:>>, :>:.~.7~~s a~:ci .:~;:e~~ses i~~c~cr~•ci er }~a~J. toyeth~r v.~th such inii~rest, shall be sicured by the lien of. this
mortgjge. _
- b. Tha1 (a) in the eveM of any bre~ch o( this Alarfgag•: or d~f;u't cn tl.> part pf th.~ 1.~.ORTG~IGUR, cr ;bl in the event any of sid svms of monzy
herein referre:~ to Le not pre:,:p:iy a~.d tu~iy pa,d wirhi~z th:rt~ t3~~+ t~3y5 next a+~_•~ ihe san~e severa:ly become due and paya6le, ~viihoui de~nand or noti.e,
or (c) in tha e:~nt cach and ev~~ry the sliF,v:as~cns, ryrecments, cOr.d~!~o-u ani c~~ena~us of sa d pro:ivsso~y nota and th~s mortgage any or e~:hxr are i~~t
~uly. E,ren;pt~y and fv!ip p.,rf~~r,r.e.f, c! s_h~°_;::i. ~;._c.,*ed, cii~•c},d cc~•:p:t`ed. :a~+Fl;ed ~•.~~h and e6~c~ed `~Y, tF.en in e~!h^r er any 3~ch zveii the said ag-
gregatr su~n ment:oa_d in sa:d pron~~5sory nt•1_ tii~n remalnh~~ cr.,_„~d. v.ivh i.1•c~e>t ,:c,r~rd, and at~ moncys setured her~by, sh~tl Lt•tome due and pay
ab'e forih.vi~h, cr iheri~'rrr, at Ihe eF„l~.i of S~+iU ~•~CK~LAI~EE, :iS f~ity ar::t cc~nr'ct:i~ as if all oi thr s~~d sums of money vr•cie origi~~a:i•{ stipulated
ta be Fa :i on such anyrl~~ng ~n sa u;vc.r sscr} n:,te er in th~s ~rtqa.~., !o the cont~ary r.otr::ths~~~~~l~ny: and thcreupon or ihtreafter a~ tne option of
said :1URTGAGEE. v.~t}:cuf not;cc c~ d~~~•a~;d. s~~t ~t la:: << <n rc;wt~, !h~r~iur•~ er ~he:r;,iter oegun, may ue prosecuted as ii ai1 moneys secut~ hzreby
h~d rna;ured pnor to ~ts i~st;!ut:on.
7, Tt:~t ~n ~t!~e e~•rnt rt,at at ~i,~ beg:~~~~ of or a! r. ,:c~zd;,-g an; t c;=on fhis h'ertgage, or te (oredose it, o~ to referm it, or to enforce
_ p~yn~cr.; of any c~,:-~s h~rc:.~ndz:, s,;d •':i)QIi,r•~_: <<.a11 ;,;!~'~o tc~ Cu:~~~ h~:~+:3 ~+:r~id.C~+O+i ther~~o? fer ~he appo;nhnent of a Receiver,~such Co~rt sfiail
iorth.v~:h a, ~..oin! te:_~:a~ ci <_.,id i::., •~~,.;,~~i :.rcp..rty :~il,e^d s:~,war, i~:civJ."g ~;i .~n~! sinaular the ir.come, p~of~ts. issucs and reve~ues Erom v:h~tevet _
sou~c•: c~~:ivi.i, e•:cn a~`: e':cry oi , ih, _:icy a.~}:r•,5s y t::c3_'stcc,i, ii Ee~,_~i ai.^.rty.~n_d as if speclfica!!y 5e7 e~rth ant! deseribed in the yrzMi,ig and
h3cenJo'n c;a_=ses nar,of. ~rd s~ch ~2r,e~.,~ sh.~~; a:; :h_ !:co_ci aid riiec~::a f~.:r~_; cns ar~d po~:.e+s i,r anyrr~se emwited by a Court 1o a Rceeivar, an3
s;:ch ap;.oin~rrcnt sh.;~! Lr rT.-r~1a i•; s~_cn C:~_~~i :+s a•~ •~ci~f;rie;,~ e<;v~t; a~~d a. ~'~i~ u` ats•~+rtc r~ght to sa;d h!ORiGAGEE-, and ~vithcut refercr,~e :a the
' ac:equ3c~ or 3naday~aty ~f iFe va'~~`r o1 tL_ ;:r;.re~~)• fi1J'1[~d~cCi o: to e}:_ sro.v?~:c} cr ~rsoivency ~f said ~.10RIGAGOR or tha defendants, and ~haf s~[h '
r~n!s, prof~ts, ir,con e, issc:es and ra~;r.~e; an>:I ~e aE,,,;:ed by s~ch Recci~:rf _c.~•.~:r~i to .he iien or eq~ity of said L~ORTGAGEE and the praclite of such
CourL _
8. To~dv'.v, ~!c:n} t?~ ~~d fvt~y perrorn~. .3~scl:~+g_, execut-~, eifcct. con~p~~tc•, cc :'pi~ ~•::th a;xl ai~ide hy each and every the stipu~ations, agreeincNS.'
conditiens and cov.~r.a~us ~n z:;:i ~:re~n~5>o*y ae~e ar:;: ttt's ~-i_.~gaye s.,t f,,s;4,. -
9. Thst in tnz c. -^t th., ov~ne•s}:[F of !h._ ~-.o~!a ;_~d pre ,;s~s. o: a~:; pa~t !F.crcof, b_:omes vested in a pe~son other ihan tfie fvtpRlGAGOR, !fie
,~!ORTGAGFE. its svctessari ar.J oss:;ms. m+•!. .:~t!ro~t c'~t:ce to t!~c ,YO-:iGi•J~2, d_~; wlth ;~.h successor or svccessor in interest ~vi~h ~e#eronce te this
rnortya~e ard Ih.> dc•o1 h.er,;by secured i: t},c s~m•~ n~a~~r.cr as .,r.h ;.,crrg:~g.r .:~!h_ut in ~ny •.vay vitizting or d,scharging the f~lortgagors' liab~~:tY here-
under or uy»n rhe d_~t h•::eby seo:rcd. t;o s3'a cf !f:~ (::2-~'s5•?5 h~r~F,; mo-tga_r.rd ar:d n~ ie:bearanca on the ;.art of tt~e !~102TGAGEf er i;s successors
or ass~ ,.~s and no enrer.r'o:~ et ti,:r t;;: e fo' ~f.:= p: yn-~r~> of ti,e d_l' le~~e'._: sa.~~rad y~ven !~y the 7.50RTGAGEE or its wccessers er ass:gns, a~~ail operate
to re'casc, d:sc!:arye. mcdry chan ~e or ~?tcct ..:r e:~ ::~~a~ Gab ~ r~ of f:» .':,'::CiG:~Gt~:t !:ere~n, eilher in ~~~hole or in part. .
~0. I1 is Sr ~U~I~]Ii~+ r~re-~d tt,at _ is of t?:= esse+~c~ of tt ~s co~itr~ct a•,d that no ~tiaiver oS any nbt;gat~on hereundcr or of the obtigalion se-
cuted h:re6y shai; at an~ ti:~:e tneresf:e: 4~_ t~c'~ i~ a v: ~i.e: t;;e !_:r,,s 1~,rt~i ar_of tna ir~stru:nent secured herby.
Il. 1n a:ic! t ~~'o t~:: fcr~-;o:~~~ r.., ;:.3~:::,•.•s o`. f:~i~ i p,l ;-r.ci i.t~rc;' ~ey~~r~:l by the nrom~sscry no~e secu!ed her~by, mortgsgor eovenaa!s
ar.d a3~ces ~a ;:.ry co o:ty .,•_e ~..~•t: eat•1, ~F.:; r~r~.:e,:~ ;~n a_i i~.~-~,;:i r.• n cu a_+;.ci bJ tr.cri ,sgee to be eqwl to If`12 of the ann:~~l cost of the faltorv-
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~?-AI} rea! ~-rapt•ty saccs .~.._a or as5=si::i . ~~s~ ;n: c~o.•e d~scr;~xd re3; cs'a!c. " . . -'i,'-'~ -
- B- ~'':.J~~.•U.•.5 on f.:r a~ ~•r. r i.~~n ~.~s., -r-~iri ~~~~•~~r,d t~: c~ ca c•~ tf;.• :r•.,r.rov^men!s situ3te on Sha above d=sctibe~tprf~n=~3es.` 3
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C- Pr~ ,v:~.s i s~_th r.:c-1~ ~ q:_ er ~s ,.~c g~.~.~e =_hn r:;-, t to L:re d-cem tii to carr; on the ~o~n secule2f.hereb~ ~
r.1~ .q,?:e ;,y (•c:n: ~ to e r.c•:*; r. crt~~~o. n v.ri~,r.3 c's fh~ a::o. ~1~~, ar.~i payable hereundar and iuch 5_~~~ sha11 thereupon be d0e'.dn$ ` -
psy,~bie en :ha c::r> c: th>.r~K• r. :^,:,•,r ,~nd eacl: suu_ss~va rr.c:th ri:•~reairer ur.~i! rnortyj~ee sha!~ not;fy r;:~rtea~ior_af'a. change insu~Y,'
a~~av~~t. Sic'~ s_ r.z e! a.i ce acr~~~~~ E~y ±r~ r ro::a•ci fhe oai;r:ent cf re31 r,rcpert~~ taxes. insurance prem:vms, an~' mettg~~e ~guaraniy in#vF~nC3:: '
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1'J \'.IT~.~SS :'Jti_R~{J~. ~h~ sa~ti 1.:G21G:.G,^,~. ',as nereu-~to se! h;; hanJ rnd ieai the day and year first aforesai~. E
~i9r , 5ca]ed a:••d del:vered in tF.e p.ese~:ce of: BE~~n«+?~ Ci,~''I~J~(~r'~~~~i~p ~t -
~ ' ~ nti ~ ~~D gy ~ `i'' : - ~•L
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s~~- ~-tt=~.~~ C_ .-'~1:~?S ~ ~T'TBST: ~G, ~ ~r/ ,f} ~~Jir.~l1J ~Seal)
- - ~ - ~ R= Hutchinson~~e
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MA`f 2~ I I 39 At~ 7.-- - -
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STATE OF FLORIDA COUNTY OF ST. LUCIE
1 HEREBY CERTIFY, That on ~his ~day of~ ~;r - , A. D. 19~i_,
before me personally appeared Vernon C. Rhinesmith and G. H. Hutchinson
respecti~~ely President and - Secretary '4` ~ ~ , of ~
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. Benchmark_ Co~tntction Comnanv. Incerporat~~~_ Florida - - ~~rp;~rat~o"ri, to m2 .
known to be ihe ~ersons described in and who executed_the foregoing instrument and sevetayt~y:~Cknowj~$ed;#t~e exe-_
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cution thereof to be their free act and deed as such officers for the uses and purposes thereit+ ~neiltioned,,~c~ ~hey
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affixed thereto the official seal of said corporation,- and the said instrurc~ent is the act and~ c~eecf~of saie~ t~~Son.
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WITNESS my hand and officiat seal at Fort Pierce ~ u C • e_ , said county and,sjat~.:;~,`;~''%`',:.~
This instnuaent prepared by ~ r , J ~1 ~ o ~ ~ -
Gary F. Hllr~ood ~_~Ln~ :~'~~l ~~.~~~~~zr(
f2~y`~
First Federal Savings and Loan Notary Pu6lic, in and for State and CounSy aforesaid.
Agsociation of Fort Pierce~ Flarida - _ My Commission Expi~dry ~unFc, s?a~? ~f ~,='.~a a~ t~~s
= • _ , My Ccm~: ;s'-::: : ~=b. ?0, i37T _
Bor,dad t/ ia...: ~ r_ f. Cv.va{iy Co.
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ch2~k~d ay _f~- _ ~ •
_ ~ annK~~
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