HomeMy WebLinkAbout0642 J. To place and coMin~o~sly kecp on the bui:J~n_~s now cn c~rc~ftcr e~tu~ta cn s,id Irnd and on ali rqulf~~nent and per~oneily covered by this mortg•
ege, w~lh all pten;iums ihereon pj~d ~n fu11, f~r~ insvra~c~~ in thc ui~~l s~a~,tl~rJ ~:c~l~cy (orm, in a sum app~oveJ by thr hiORCGAGEE, and wind~lorm
Inturance in Ihe usual ~~anda~d ~ol;cy (erm, in a:v~:~ aFprc~~ed ~y thc h~OR1GAGEt, in ~uch company or co~r~;~inits as the MORIGAGEE may
direct; and all tire and w~nelstorin insurance polfc~rs an any of said build~~gs, any intereet Ih.rein ur pa~1 ~ha~:of, in Ihe a99regate sum rForesaid o~ y+ e
in excess thereof, shall coniain the vswli stand.vd rnurfgagee clause er SUC~I 01hCr c::~use as ihe A~oitgageo may ieqwro, maAin~ ihe ioss vnde~ said poli-
cies, each and avery, payab!~ to sa~d A10RTG:IGCE as ~ts i~aaras~ may appear, and ~ach and cve~y euch po!:cy shall be promp~ly as~ gr.ed and deGvvred to `M"
any hhld 6y sa~d l.'.ORfGAGEE as furthe: security to sa;ct moitgag< deb~, ar.d, ~ot ~ess thin ten (10) days in advance of ~he e::piration o1 each poficy, to de-
liver to said MORTG~IGE[ a renc.val thr;reof, to~eiL2~ ~iill a re~e~pt fo~ th_ prc,nium ot such renc~ial; and there shall bc ~o fire o~ windstorm insurance
pleCr~ on any of sa~d buildings, any inte~esl therein or pari the:eof, un!ess in 1he fc~~n and w•ith Il~e loss payablc as aforesaiJ; anJ in tlie tven: any sum
of money becomes oayab!e unJe: such policy w pol~cice s•+~d l~tORfGAGE[ shall ha.e ~he o~~Non to reccive and app!y Ihe same on account oi the indebted• W
ness sec~red hereby o~ to permi~ sc;J I~IORiGAGORS ~o rccci~•~ and use il or an/ part th_rrot tor orl~,•r purf.oses. ,•riihout ~ha•~i~~ vraivin7 er _~mp;;ir•
Ing any equ~ry, lien or ri9ht under or by v~rtuc of Ihis mo:!gage; and in the event sa?d A10RTGAGORS shall ior any reason (ail to keep the said premisas so
insured, or iail to dctiver pro~np!ly any aF s~~d poGcies of insurance tc sa~d /AQRIGAGEf, er faif i>rom{~tly te E~ay fuily any premiuln thereFor or in any ,
respe:t fail to per(orm, d~sch~rqc, execu~c, e{fect, comptete, co:nply w~~i~ andv:~ide by th~s cov~nant, er any part hareof, said M.ORTGAGEF inay platc and '
pay tor such insur~nce cr any parl thereof without ~vaiviny or a((ectinc~ an/ o~tion, lien, eq~ity, or ~i9h1 under or by virtue of this h!ortgage, and Ihe '
futl amount ot ea:h ~r,d e~•rry svch payment shall bc imrttec~iaf~ly duc. and ~yable anJ shall hear interest from th3 date thereof u~ilil paid et the rate ol
nine pet ccnNm ~er annu~n an.l t:~~:•;F.~•~ ~.~i:h s~cli i~it:.~i~st sfial~ sac:,red t~y the lien o~ Ihis motiqage.
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~ TS permi~, tominit or suEfer no ~vasta, i~npairme:~t or det~rieralion of said property or any part thereof.
S. To pay a? and singular tho tosts, charges and expenses, includ~ng a reasonable attorney's fce znd costs of abstrads of fiUe, intu~red or paid al .
any fi«~e oy sa~d AIC)RiGAG:E; Lecause or in the even! of th= failurc cn the pa~t of fhe SafJ h50R1GAGOR to duly, promptly ec.d fully petform, d~sthatge,
exec~t<, efftU, complete, co:~tply with and ab:da by each and every ~`w stip~?atEors, ag~c~•nents, conditions, and tovenams ai said premissory note and this
morigagc> any cr either, a~:d sa:d costs, tha~ges and rxpenses, ear.h anJ every, shail be im,nrdi.3lc•1y due and payabte; whether e~ not there be notice dd
mand, atte~npt fo collect or w]t pend~ng; and ~F~e fufl amount of each and every 3vch paymem snatl bea~ inr~res~ (rom ~he date thercof untit paid at the
ra~e o` nir.~ pcr c.:nt~~n ~.er a~;~»:, , an:: ai; aafd costa, charaes avJ ~x~.ense s;~:a-•:;,:; er E~~J, toqelher ~v~th svch interast, shali bo se:~~ed by the iien of th~i
mortgage. - -
6. ih~! (a) in tha ev~nt of any hreacti of this Alorfga~e or defaul? on Ih_ p.•t st,~ ~,10RTGAGOR, or (b) in Ihe evenl aoy of srid scros oi money
-herein referrad to be ~et promptty and fvl:y paid tivithin th~rty 130) d~ys nexl a+.+~r -l:c san~e seve~at(y become due and payable, .without demand or notite, '
or (c) in tha event each and rvery tha s!ip~tatio~s, agree~ents, cerditiors and c~v2na~~ts of s:+;d promiswry note and th~s mortQae~e any or e~~her are not
- ~vly, pao:npNy and (ulfy F;erformed, d:sc~~arged, executed, effecred, corn~~:e:ed, co:»p!ied with and ab~ded tiy, then in either or any such eveN the said ag-
gregat~ sum mentioned io said promizsory note tnen ren~aining unpaid, ~vith imcre.t acaved, and all n~oncys secured h~reby; shali become due and pay-
able for~h~vith, o: thercaftrr, at ~he opr~ai oi sa;d MOn1G~GEE, as t~1~y-ar.c1 camo'.~reiy as i( all of ti~c sa:d sums of n:oney were originally sripulated .
1o be pa;d on such d:.y, anyth~ng in s~ d pro n:ssery note a: i~i this !.lortgaga to the c~mrary nohvithit3nding; an~i thereupan or thereafter at the option of
said MORTGAGEE, wi~t;o~~t no+~ce e. a_n~and, s~it at lav~ or in ..qu;ty, there'.o~e or thereaher begun, may t>e Fxasecuted as if all moneys secured hereby
had mntured pr~or ro its institution. - ~
7. That in the event that at the Eeginn~ng c,f or ot any tin:a pend6ig any :u~t u;:crs this Mortgage, or to fuiedose it, or to ~eform it, or to enf~rce
payment of any cisims hereund~r, sa~d t.!ORIGrGEE shait app!y to ihc Ceurt t:a:irg j•~r~sd:ction thercof for the appaintme~l of a Receiver, svch Court shall
Forth~.sith az•poiM a r~c:i•:cr cf s~:id ~~,.rfga~ec: prcpe~t~ ~I! and sin~ular, irc;ud~ny ~it and singular 1}~e ir.come, profits, issues and revenues from whataver
source c~erived, eacF~ ar.d every of ~,~i~:ch, i~ Mir.g ~~tE:sess!y understood, ~s F.erri:~ r..r,rrgaged a3 if specifically set forlh and d~stribed in the g~anti~g and
habendum dauses hercof, ar.d suth Receiv~: shali h~•+~ a11 thr bread and rffectiva fu~,ct:oe~s dncl pov:ers ir anyriise antrusted by a Court to a Receiver, and .
~ su:h appointmen~ SF13II h~ mad_ by such Court as an edmitted eqvity and a r.:~~ter o' r.bsol~t~ right 1o sa~d h:ORTGAGEE, and wi~hout reference to the
adequacy or inadequacy of tf:e va:~•e of the preperty rnar~gaged or to :he savency or ~ns~'::rncy of said ~!ORiGAGOR or the de~endants, and that such
ren!s, profits, in;om_, issves anJ re•:enves shall be ap, lied by such Receivre ac:ord;ng to ~h> lien or eqv~ty oi sa;d 11lORTGAGEE and the practice of suth
Court. -
8. To du'y, promf;fly and fu!iy per;orn~, di.charqe, exec~tc, effec!, cemplete, cunn:•~+ with and abide by each and every the stipulatior.s, agreements,
eond~tiens and eovenants in sa~d pcom~rari r.ora and this m; r:gag2 se2 fer~h. - .
~ 9. ihel in !he e.e~t :he ov:r.c'rcn?r. O~ the :n~:lga3cd premises. er a~+y part thercoi, 6ccomes vested in a person other than the MORTGAGOR, the ,
h':ORTG:,GEE, i!s successu~s ar.d assi3ns, m.~y, ~v:~6ovt r.e~+~e to th~ !:On^TG:.OR, d~a; r,ith <uch successor or svccessor i~ interest with re(erence to fhis
~ m~~tgage ard the d:ut f:c~eby s=cvred in :he sam= manncr as ~v~th .'Aorsg3~or wrthcut in any way vitiali~g or dischargir.g the Alertgagors' liability here-
ur.dcr or upcn the d~_bt hereb/ setvred. p:~ saia of ti~r {:rz:n:ise: hcr~t~y :norlgaged ar.d eo fotbcarance on the part oi the /dORTGAGEE or its Suctessots _
or ass~g~,s and no exrensio ; c.f ihe i._r ri,e ;.ryn,_rr•t of th_ d~-i~~ hc•.et,y secured g~ven by tF.e ~AORTGAGfE or iis svccessors or ass~gns, ~tia!1 opr.ate
lo re!ease, ~:scharge, nzod~fy :har.~e or aitc,t tnA ~rtg,~;ai li~u:lity oi ths /:.ORiGAGOR herzin, either in whole or in parl. ~
' l0- lt is sprc~ficaliy . agreed thai Nme is oi the esser~ce of ~h~s contr~ct and thet no ~vaiver of any obligat~on hcreunder or of Ihe obligalion se- f
eured hareb~ shall at any tirr:e thereafter h_~d to be a•,•:~:iver of the terms hereot or of the inslrumeM secured he~by. _
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. 1!. In ~;idtio.~ !o ti:: foregc'r.g :ron.., ~ p~y:,,:=nts ef pci::t'~al ar,c~_ir~erest req~ired by the promissory no!e secured hereb~, mortgager eovenants
and agrces io pay fo rr.o:ta ~gF~ v:~~h ea:h mc~!hiq pa~r,.enr an adrilr'o~al sc,r.i est:r,ate~ by mortgagce to be eGual to 1;'i2 of tFe annual cost Of.t~e 4oI1qW-
_ in3: - ~ . 1 t. .
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A-AI1 rFal pr~pert; taxes ?c~~+c., or asses:c-o ~g3~:it th•_ ~6~ve descr~.,ed real es~ate_ , hr~ ~x
_ . ~ _ '
' '6- Fr;;:n~vms o~ i~r•~ and v:ir.~storm ir.sc-a~~ce as he:~~n reqv:rod to be carried en the ~mprovements situate on th~ above d=SC~ib~a:~~1r~S~E?s.
~ C--Pre~~:v~rs o~~ s_.ch ~^~n~_ge g~ara:~tr irsu~a~.ce as me;tgagt~e sha~! fr~.r, t~me to t~~ne deen iit to carry on the loan secvred;tiqFeb~'~.~~~.'•l~I~Y ~~t„.
.s~ .
P.',ortgagee sha'~ fr~:n t7+r.•~ to t~~-.e r.G'~fr mc:r~a3or ~n v:rit~r.g of the ar.~o~nt due ar.d payabte hereunder and such sum_slis~l tf~~C~n~ b~ dve ah ~ _
t ~ ~n ~ <
payab'e o+~ the due oat^ c= n= r.tixt n:c:th'•, p~,mer.r a-.d er:ch successive n~ontn tF~reaft:r ~r.til mertgagee shatl notify mo~tgigos ef-a ci~3n e in sLt + ~
g h'
an:aunL 5uch sums ~ha;1 i~ ap,~!ie~ Vy_mortgay-:a to:•:.~rt? !he p~ymenl of ~eal prcperty taxes, ir.surantc prem:ums, and. mortg~e' gt7at~tty.' ~insvr~ c y;t ` ~
:
pre~niLmS. - _ . . ~ :u ~ C~• ' i~~ . ' . . ; r i
IM ~'JI1E`~ESS 'rdHER~OF, t}:a a~d = RiGkvOR has h?reu~t~ set ~ and seai !he day and ar firsf aforesaid. ~~r~"%~ ` v ~ z
ned, n ~IivereJ the esence ot: Ch d ~ C r+ H 0 •a~e~? r+
J~ ` t.~ ~ ~':~R . ~
.'e ~
,~p ~'+'>ei~~''` ~a .
- _ , , _ ~ ~ _ a ~,d esident=: - ~~~t~'? j~~1
~ St~~O~QLtJ~t~~ - _ ~-.~r;.:.r :
- ~q•15 - . ' - (Seaq
. _ ~=:C ~ C ' '
- ~ .Ml. Q1 NO c~~Cb'4: _ - _ -(Seal)
_ . i.-. • " . ~ - ~.l r,0 ~ -
- _ • . - T~ ~lar . : dtx,ld~ Secretary -
--;...,,..._-----i CocO Cn _ V. -
Ci.[i~K CIRCUiT CO ~ C...C~~... ~ -
- RECrRO YERIF{Efl - _
STATE OF FLORIDA- i~ T. LUUE ;
~ 3 3 P
R liEREBY CERTIFY, That on this 28th day of- ~~a , A. D. 19_
~ beiore me personally appeared _~zra Ro`-'t'• : and J• t':• `~o~~ld j
, - respettively President and - Secretar ~
. Y . , of t
~ Central Church of Christ~ Inc , a~ °lorida ~ Corporation, to me
~ . known to be the persons descriE~ed in a~d who executed ihe foregoing instrum~nt and szverally atknowledged the exe-
't cution thereof to be their free act and dee:~ as such officers for the uses and purposes ihe~ein ioned;,~nd that they
_f:•~:_=~.,. ~
affixed thereto the officiai seal of said corporation, and the said instrument is the act and. i~ee <`:s~'stdr~ration.
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_ WITNESS my hand and official sea( at Fort Pierce l~r~ ~ aid nt •ste ,t ~'~=`'r. ' _
- • - Y• y ~ _ ~ = _ f
Th-a.s znstru~ent Fzepared ~ ~ - -
by J. Poberts~ Jr. u'c, in and for Siate.ratLd.~• tYr-a -i~3~=`, ' ;i
?~rst Fldpxil Savi~t!~s at~d LoaTi My Commission Expires: ~--i~~ `.C':~:~ ;
~ss~aciatia~ of "t Pierce . ~utr - _,~•,,•<<:'••~::~•: ;
• ory :c, Stolz of Fiorida at larQs ?
~
. ASy Comnvssion 6~pir`f Jan. 17~ 1l7~ --~~J!lt+~,.....e:~•`~~ ~
Checked By b~d.-d by Amaricon Rra t Coswbr b. . ~ ;
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