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HomeMy WebLinkAbout0035 O.R.' 57 e:r~ " fHE 3. Yo plla Ind eonl:nvovs!y ~Kp on 1M bulkll~O _ Of h.r..ft<< titu.t:' 011 ..1<1 ''1nd .r>d 0.--. ,n eqL'lpm."1 end penO'lII;y ro~.r.<! by Ihi. mOl ,g. .gl, wi:h .11 p,e",iu",' Ih.r...", p<lid In fun. tll. lnaur....:., In the Itlual .,.r.d.,d polky fO<I"I\, In . IUIll .pptO'ied by the Mb;t.GACEE, tr,J wind"orrn I...ur.ne.. 1n Ihl u.ual .I.nd.r.:! policy I.....m. In . .um .pproved by IN MORTGAGEE, in .och cOMpany or comP4"tal II the MORTGAGEE m.y dileel; end .11 fir. .nd wirn:blOtm In.u,."". pelkltr. on .ny of uld wl!dlng., .ny Inl.r.11 .her.in ()t part lhe,e-of, In ".. Il/grlg,l. ,um .Io,".aid or I" ",:CI" Ih.reof. Ih.1I eonl.ln I~.. u....1 II.nd.rd mortl/ag.. CI.UM Of lvell GI....r c1auM '1 lhe Morlg.{IH rl':.y r.quir.. m.kl"ij 1M 10.. under ...d poli. ci.., each .rod Iv.r). pay.'>I. 10 laid MOilTGAGEE .. Ir. 1'1,....1 m.y .:>I>8.r, and .ach Ind .very lveh pelfey Ih.1I b-e plomptly ...,gned Ind delivered to .ny h<;:d bf Slid MORTGAGEE .0 tu.lh.r l<Kurily 10 Illd mO<l\I~. debt, .nd. not leu t....n ,.n (TO) day. In adv.nc. of I..... ~xplr.li()(\ of IIch policy, to d". li.., to ..i.J MORTGAGH . r.new.1 '....rlOf, "Og.I,"" Wll'" . r~.lrl tor ..... ptemlv", of ."'... r.Mw.l; .nd r.....r. Ih.1i be no fir. or windllOlm inu.."ce placed O'l ony of uid building., .ny Inl....1 th.r.in Ot pa.. I....' 101, unlall In I.... torm .nd wilh Ih. '001 pay.bl. II .I",.uid; Ind in Ih. .venl MY 'u'" of money be<omu Plycb'o ulldar luch policy Ot polici.1 uld MORTGAGEE .h.1I h.ve 1:.1 .:>p:ion 10 r.ui"e In~ .pply Ih. lamo on ac'ount of Ihe indeb:ed, nen .eeurld Mleky or 10 pllmlt uld MORTGAGORS 10 recelv. Ind un It or Iny p.rl IMre.,f for "tker purpo.e" withoul thNeb, .....i,i,,~ c' ''''p~,r. ing .ny ..quil)', l.~, or rigkl und.r (\( by vlrlue 01 1..1. mot'll~el Ind Ir Ih. .v.nl ~Id MORTGAGORS lh.1I for .r.y r..ton f.11 10 keep Ihe .oid prerni.e. .0 imured, or fail 10 de!:...er promplly Iny of .~Id p:-lici.1 of Inlur.,.e. 10 uld MORTGAGEE,' Of hil prcJmplly 10 poy fullv Iny premium I"'orefol or in <~y '_'!,"I filii 10 perfOlm. dlleklrOl.. ex~!.. .ff.;I. compl.t.. comply with .nd .bid. by Ih'l covo".rl, or any p.rl I,ereol, l<ln MORTGAGEE moy "lace ""d poy !or .uc:' '''luronco '" Iny p<lrl I....r....' wilkool waiving o. 4ff<<t1ng any option, lI.n. .qui:Y, or rlghl und., 01 by virlul of Iki. Mortgr.ge, I"d I~,. full .mol'nt of each Ind .".ry .uch p.ymenl ....11 be immedill.ly due lne! pay.ble Ind Ihlll bur Inlordll tro." In. dol. IMreof until paid II II.. rol. 01 n,ne p..r c.nlum per .nnum Ind log.ll..r "",itk .ueh inloroll lh.r be ..cvr~ by'.... Ii.n of Ihil mOtlglg.. ~. To permit. commil 0.' luffer no w..I., Impalrmenl Of d.l.riorllion 01 wid property ~ .ny part IharlOf. 5, To p"y .11 .nd,singul.r I:,. c~ls, ch.rg.. .nd .x!>'lnUI, Indueling a r.I'ONb!a III00n.y'. feo .nd COils of Ib.trocll of litle, Incurred ')r p.id .1 .nv li",e by ..id ,,",ORTGAGEE, becaL'SO Of In lhe .venl 01 Ih. flikr. .,.., Ih. polrl of It.. uld MORT'3AGQR 10 duly. promptly Incl iully perform, di.charge, .'xecute, effecl, eomplel~, comply with and Ibid. by ~.ch ~,...d .ver',! lhe ItlpullliOl'll. agr.eme.1ls. con~ilionl, ond covenor,It of ..id promiuory OIote .nd Ih,. morlgogl Inv or either. ond ..id COIr., chorg.. In<:! exlX""', elch ~nd .v.'y: .hlll be immedlltely dvo .n;:! plyabl.; whether or nol Ihere be nvlice de- mand, '!lempl 10 cclle'-I or luil "".,ding; .nd Ihe fvll ~rr.ounl of each .nd ev~ luch paymenl .holi beor intor.sl horn Ih. date Ih.reof until p.id It the roro of nine per centum p.r ...num; and .11 ..,d COlli. charge. an<i expon... incurred Of paid, logother with .uch Inlerell, sh.1i be .ee"t,r.d by the lien o' Ih" morlgoge. 6. Th.1 (a) in ,h, o'<enl c.l any breleh nl Ihis Morlg.ge or defavlt on I.... part of Ihe MORTGAGOit. or (b) in lhe evenl Ir,y of ..id .uml of monel' herein referred '0 be not promplly Ind fully p.id wilhi" Ihirly (:.to) d'YI ne.<1 lit., Ih. ..m. ..v...lly b<<omo dUI and plya!>le, without d.m.nd or no'ic~, or ((~ in the event each And every the t.iv\J:afions. agrHmerltl, conuitions end covenants of ..;d promiuory note end this ~rtgage any or either are nol july. promplly .nd fuiiy porform"'. dileharged, oxeculed, o;tfected, compl.ted. compiied with Ind abided I)y, IMn in eitMo' or any such ..'...t the SI,d 09' greg.te .<'m mentioned in Slid plomissolY nol. lhen r.m'ini..g unplid. ....ilh Inlor..1 accrued, snd .11 money I "c'Jred he,eb!,>-lh.11 become due .nd pay. able forlhwith. or 'her..fter, el the orlion of ..id MORTGAGEE, II fully .nd completely II if ail of Ih" ...id tum. of mon~y wele o,,\:in.llv .tipuialed 10 be p..,d on such d.y. .nylhi"9 In laid promiuory nole Or in Ihi, Mortg.ge 10 lhe eonttary nOlwithstanding; and Iher.upon '" I~ereofte. .t .h. option of .aid MOi<iGAGEf. wilhoul nolice 01 d.mlnd, .uit .1 law or in equity. Ille'efore 0( IMre.lter begun. may be prosecuted as if III 'Ihor,.y. ucured hereby h~d matured pr:':)r to It, inuitution, ], ThaI in the ev.nl th.1 .1 Ihe begl,'ning of 01 II any limo pending any luil vpon Ih;. Mortglge, 0< 10 fOleclo.. il. or to reform iI, or 10 enfo<<e fOayment of .ny claim. h.reunder, soid MORTGAGEE .hall .pply 10 Ihe Courl having iurisdiction ther.of for Ihl appointm<nl of . Receiver, .uch Ccurl shoil fortbwilh .ppoint ~ receiver of Slid morlg.ged properly all and singul.r. inclw;ng .il .nd !ingular Ihe income. Plolill, inu.. .nd r~.r.ue. !rom whatever .ouree derived, ..eh and every Clf whi<h, il bei"lI ...pressly un,;l...tOO<l, i. Mreby mOllgaged II if tpe:ifically .el to"h and de"ribed i" the granring .nd hobendum clau... hereof, end su:h lIeoi....r .h.1I hive ail Ihe broad an:! elieel.ve tu..cliont .nd powell in anywi.e e"tlulled by . Courl to . Receiv.r, a"d ,~ch appointmenl .holl be mad. by lveh Court as an admitted equily .n<J a ""'tter of ab.olule right 10 ..ie! MORTGA(;EE, and wilf,out refe'en:e 10 the .dequdcy or inadequ.cy of lne v.lue of Ihe prOl'erly mortgaged o. 10 Ihe lolvency or i",ol'IOncy of ..id MORTGAGOR or Ihe d.fendanll, and ,hal .uch lents, protit., income. inu.. .nd r.venUOl .h.1I be applied oy tuch Receiver according 10 the lien or eq"ity' of said MORTGAGEE .nd If,e practice of .uch COUll. 33 8. To duly, promplly and fully ~rform, discharge. ....cul., effoc!, co",=,I~le. comply wilh ar.d abide by each 100 every Ih.. .:ipulation., agreemenl., conditions 3nd coven"nts in laid promissory hote and ,his mortgage set forth 9, Tf>at in Ih. ev.nl the owne..hip of Ihe morlgaged premi.e., or Iny perl :!oerecf, becomes ve'led In I pellor, olher I;,an th. MORTCAGOR, the '....ORTGAGEE, ita successors a'1d assi'=fr's, may, without notice to the M0R:TGAOR, deal with lut:h '~ucce-lSor or IiJCCeUor in inffreli with ,eference to Ih;, mortgage and the debt hereby It'cured in the same manner IS wiTh .Yortgagc;,r without in c~y way ..itillting or discharging the Mor:gagors' liability here- under or "POI' the debt he'eby ..cured, Nu .ale ", IN. prerr.;... h.reby morlgoged Ind no forbea,ance on ths parI of Ihe MOR1GAGH or ill .uccen"" or ...ign' .nd no e..ten.ion of the lim. lor the p.ymenl of Iho debt hereby .eeer.d giv.n by Ihe MORTGAGEE or ;It su(ce"O<l or ."'gn., shali Operdle to releo,e, d'lCharge, modify change or affe<1 Ihe origin.1 liabilily of Ih. MORTGAG)R Mrlin. eil:'or in whele ')r in parI, 10. II is specifical:y ~greed .hat tim"! it of the enence of this contr.c' and thai no waiver of any c-blig~t;on hereunder (.Ir of the obligl!tiofi Se' cured nerebJ" sha:: at any time the-rea her bt!' J.:eld to be 6 waiver of the term, hereof or ot the instrumenT lei:vred herby, 11. !ll Jdd;lion to the foregoing monthly pavments of prir.c'pz,l and intt!relt r.equircd by the p(om;uo~y note sC'clHed hereb.,. mor1gagor co'.ren:Jnh Jr-,u dg~..:es to i-Jay to mortgagcP with each monlhly payment ....~ =dditional ".Jm eltjma~ed by morlgagee 10 ~ equal :0 1/12 of :he ~nnual co!1 cf th~ fol;o....- 111g: .A,--All real propert)' tdxes ievied or aUHsed against the abeve de-lCribcd r\.:al estate. n - Premiums on fire and w;,:-.dstorm insurance as herein required to be carried on the improvement. silu3~e on the above de-scribed premises. C --Premiums on such mortgage guaranty insurance a. hlortgage,: shall from tifT1e 10 time deem fit to carryon t;le lean secured hereby. MortgJgee !!hall from time to ti:ne notify mortg(l~I'VI' in writing of the amount due Ir.d payable hereu.,der and iuch s.....m ,hall ther(v~cn b-i due d'ld ~~r(3b:e en The due dote of th,.. next rrlcnthly p1!Jyment and each succenive monfh .hereafter IJntil mo(tgt.ge~ shall nOlify mortgag~r of, t. C.hClN}I' III ,u:.:h <';:~O.Jr.r. Such sums Sh311 be applied by mo:-:gagc-e toward the payment of rCdl property taxel. insurlnce premiums, anc mortg..9....t g\Jaranly ,j,'1'l'Jrcrv~~ P~(;".';urn'. hereunto set hi. ha"d .nd .e.1 Ihe doy .nd year 1i,,1 afore.aid, ~ By -~ - L STATE OF FLORIDA COUNTY Of ST. LUCIE I HEREBY CERTIFY, That on this /.3 ..II, _day of . before me personCllly appeared William W. Harris respectively __ President and H~RRIS CONSTRDCTION CORPORATION February ______' A,O, 19~J, Franklin A. Harr~_~_ and _, Qf Secretary Florida Corpo'alion, to me , a known to be the persons describe<.l in and who executed the foregoing instrument. <,'n severally acknowledged the exe~ c:ution fhereof to be their free act and deed as such officers for the uses and purpos0s 'i)erein mentioned; end that they , , (', rJffixzd thereto the offiei31 seal of said corporation, ar.d the silid instrOJ~ent is the act and deed of, said CO((jorali6n.. / .' j '\ \ . WITNESS my, hand '.!lOp offieiDI see.; at Fort Pierce ,~.: :. L '. '.., '~ ... / . ,sannty 5f1d state,. '. '': Jj~ _'n.Lf~__._~_ .. Public. if, lInd for Sldte and County afd~~sa;cl. ~mmi,~sion E,o;pires: J. iOUr, ' N '. ' I, .' ,(Hllry Pub!lc. St'lte f ,. '".. ~.iy Com;n!~~IO'l "x ,0 Fronda at.u,~ Don';,'j b A .~ p,res April ::?4, 1965 '/ mer"an Surety Co. of f'j, y, . , , .' ,.,'\ 1,:\ Y ,'.-...1 ._~ .... . I,'; ",.. ; ( ') : " """ \...'...,1,. :. :',~ : ,_~ L", ". r..... ::.?.;~/ _: __~ i ",. ~;~:, c :~, ;', :_,~:'~':~\:~~~/ .. ... 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