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HomeMy WebLinkAbout0150 3. To place end continuously kcep on the bui!dingi now or hereefter situate on seid land ar.d ar. a'l cqvipment and per~ona~ly tovsred by this mottg~ ~ge, with ~II premivmf rhereon paid in full, firr ins~~ance in tha usua: star.dard E:otity form, in a s~:n 3~p~~vea by !!±a 4:C4~G~GkE, and windtitwm incurancs in tM uwel •tandard potlcy form, in a sum approved by ~he MORTG.+GEE, in tuch company or tompsmet as rhe MG~RTGAGEE may dirrtt; •nd all fira end windarorm inxurenee policies on eny of ssid build:~+ps, any inlensr theroin or part thereof, Sn the agg~egsre wm afor~said or In ~xtest therwf, shall cuntain the utunl atandard mwtga9ee cle~se or such ather cle~~e as the Mor~gagee may require, makinq the ios~ under ?e~d poli- Cia, each and every, payable fo iaid MORTGAGEE aa its interett may appear, end each end every iuth pciicy shail be promprly sss.gned and defive~ed to ~ny held by said MORTGAGEE a~ furthcr secu~ity to snid mortgage debt, and, not lea~ thsn ten {10) days in edvance of the expiration of each potity, to dc liv~r to uid MbR~GAGEE a renewal thereof, toyethar with a receipt far the premium uf auch renewal; and thr~e shall be no f~re or wi~~dstorm insuronce plxed on any of uid buiidings, ~ny interest thcrein ar pert thereof, unles~ in the form •nd wifh ~h~ los~ payable as aforesaid; and in ma event any s~m of money becomes paya~le ~nder such policy or policiss said MORTGAGEE shall have the option to reccive and appiy the sarne on aaount of the indebted• neu uc~red hereby or ro permit ~aid MORTGAGORS fo receive and use it or any part rhe~eof for o:hr~ purreses, ~v~rho~' ~h~•cu~ wo~~+:~~ cr ~~np~~~• iny eny equity, lien or right under or by virt~e of this mor!qage; and in the event aaid MqRTGA(;ORS sha!I for any rcason fail to ketp tFic xaid premises so insured, w fail to delive~ promptly any of said policies of iniurance to ~eid MGIRTGAGEE, or feil promptly tv pay fully any premiurn thcrefo~ or in a~y rNpett fail to perfam, discharga, execute, effect, completa, comply wirh and ab~de by this core~en~, or any parr ha~eof, said MORTGAGEE may p!ece a~~o pay fOr tuch insu~aec6~ or any part th~reof winc~wt waiving or rffeclinq any option, li~n, equity, or riqht under or by virtue of this Mortgage, and the fvll amount of esch and tvery such payment ahall be immediately due and payablt and shall bear interesi from the date thereof until p~id at the rata of nine per centum per ennum and together wirh such int~reat shall be secuied by tha lirn af thii mwtgage. 1. To permit, tommit or fuffer rto waste, impeirmene or deterioretion of said property ot any parl thereof. 5. To pay atl and singular tha costs, charge~ snd expensea, inc!!~c~~ng a reasonable attorney's ft-e a~d costs of ebstracta of title, incurred or pa~~ at eny time 6y wid MORTGAGEE, betause or in the event of the failvrc on the part of the seid MORiGAGOR t~ duly, promptly and iully perFarm, d+echarge. exec~te, effcp, tomplete, tomply with and ab~de by eath and every the stipulations, sgreemenn, conditions, and tovenantti of said promis~ory note and thi~ mortqa9e sny or eirher, snd said cost~, charges end expertses, each and every, shall ba immediately due and payable; whether or not there be norice de mand, attempt to collect or suit pending; nn~ the full amount of eath and every such paymen: fhall bea. interesl from the date thereof until oaid st thr rate of nine per centum per ann~m; and all said costs, chaiges and expenses incur~ed or paid, together w~th such interest, shell be secured by the ~ien of th(i mortgaqe. 6. That (a) in the event of any breath of this Mortgage or default on the part of the MORTGRGOR, or (b) in the event eny of ~aid suma of money herein referrad ro be not p~omptly and fully paid within thirty (30) days nexi after the same ceverally berome due and payable, withou~ demand or noY;ce, or (c) in the event mach and every Ihe s6pularions, agreements, conditions and covenants of sa:d promissory note an~ Ih~s mortgage eny or either ere not ~uly, promptly and fully perfarmed, d~acharged, e,eecuted, etfrcted, tompleted, compl~ed with and ab~ded 5y, then in either er any such evcm the said ag~ gregate sum mentioned in said prom~ssory note then remaining unpaid, with interest accr~ed, and a!I moneys secured hereby, shall become due and pay- a61e forthwi;h, or rhereafter, at the opt~on of said MORTGAGEE, ~s fully and compleiely a~ if e!I of the s~id sums of money were originally sr~pufated to be pr:d on such day, anything in sa;d promissory nota or in this Mortgage ro the contra~y notwithstanding; and lhereupon or ihereafter al the option of said MORTGAGEE, withaut notice or demand, sui? at !aw o~ in equity, therefore or thereafter begun, may be Frasecuted as if all rnoney~ securarJ hereby had maturec prior to itt institurion. 7. 7hat in the event that at the 6eginn~ng of or at any time pending any sult ~pon this Mortgage, or tc toreclese it, or to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE sha11 appty to the Court havir~ jvrfsd;cfon thereot for th> appointmem ai a Receiver, such Court shall Forthwith appo~nt a recei~ar of said mortgaged property all and singular, includ~ng alt and singular the income, prof~t~, iss~es and revenves from whatever touru tierived, eacn and every oi wnicn, it oeing expreesiy understood, is hereby mor~gayeci a• ii sNrc~Gcafly set forth and destribed in the g~anrtng and habendum c?ausas hereof, and sv<h R~ca~~?; sha~4 hav? ali !he h~--~a;! ~^a ~4s~.;,,n .,;,.a_ r__,___ _n a~yh•:~n Pntri,~!~c! by a Co_rt !o a R~ceiver, and svch appointmeN nhail be made by such Court as an admitted equity and a matter of absolu!e ri5ht cto ,sa;d M~RSGAGEE, and withoul referer~ce ro the edequacy or inadequacy of the value of the property mortgaged or to the iotvency or irtsotvency cf sa~d MORiGAGOR or the deiendanta, and tfiat such re~~s, profits, income, issues end revenues shail be applied by wch Receive~ according to the lien or equity of sa~d MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, discharge, exe<ute, effect, tamplete, compiy with and abide by ea.h and every the stipuiarions, agreements, conditions and covenants in sa~d promitsory note and this mcrtgage act forth. 9. Tha! in the event the ownersh~p of the mortgaged premises, or any part thereef, becomes vested in a person other than the MORTGkGOR, the MORTGAGEE, its successors and assigns, may, witho~t notice to fhe MORTGAOR, deaf with a~ch successor o~ s~ccesso~ in interest wiih reference to this mortgage and the debl hereby secured in the same manner as with Mortyagor without in any way vit;atir:~ or discharging th~ Mortgagors' liability her2- under or upon the debt herebv sec~red. f~l'o sale of the premises hereby mortgaged er.d no forbearance on she pari of the tJ102i'GAGEE or its s~:cessora or assigns and no exlension of the rime ior the payment o{ the debt hereby secured g~ven by the MORTGAGEE or its s~ccessors or ass:gns, .I~a{i operate to release, diatharge, modify change or a~fect tne original I~auility of the MORTGAGOR herein, eithe~ in whole or in part. 10. It ix spec~fically agreed rhat time is of the eesen:e of rhis corrtracr and that na waiver of any ob~~gat(on hereunder or of tha ob!igation ar c~red hereby shrll at any time rhereafter be he!ti ta be a waiver of the terms hereof or of the instrument sewred herby. 11. In add:tio~ to the forego'n~ month(y paymants ef print'pal and inrr~est requ~red by the prem ssory no!e s=cured hereb~, mertgagor cover.ants and agrees to pay to mortgagee v~ith each mor.~hiy payr.~ent an addi~ienal sum est~:raled bj mortgage? to bc equal to 1; 12 of the annua! cost of the foliow- ing: A-All real property taxes levled or assesscd ag3insr ;hc abore described real estate. B-Pren:~ums on fire and windstorm insvrance as he~ein requ~red to bz carr~ed en the im~reveme~ts situate ort th~ above describ_d premises~ C--Premiums on such morigage guaranty ir,surarc2 as ma•rgagee shall from t me to time deem fit to tarry on the loan secured hereby. Mortgagee shail 'rem time to time notify mcrtgagor In writing of the amount dve and payable herevndar and wch sum shall there4~por~ ba df.~C and payable on the due date of tha next monthiy paymeM anri eath wccessive n;onth thereaft~r ur,tii mortgagee sha!I r.otlfy rr~ortgagar,Of p, thee~y in spch amount. S~ch sums shail be ap~`ied by mortgagea to~n-ard the payrt-~ent of real property taxas, insurance prem:ums, and mortgjgQ guartrtfye~jnsi(i~n[e premiums. ~ IN WITNE55 YJHERE~F, the said MCR'eGF;GOit h~s hereunto s~hti-~he+*d and seal the day ar.d year iirst aforesaid. ~ ' , ~a N~RRI GQNLTRtTCTI0I3 ~PO~~~'0~ . ~ 8~ t . _ A t t e s t- , ~ , r% r , a.n . ~ ac rY - - - ~ - - - - ~ ~ . STAI'E C~F FLORIDA . COUNTY OF ST. LU~IE ~:'f., , ~ ~J _ ~ . i HEREBY CERTIFY, That or~ this~Zf day of N~V ~ i~+t:{'3.-14.:~,;~~. Frflnkl n:=~_= ris - . - before me personally appeared :v i 1 1 i am W_ H arr i s___ and _~iT t~- J - respeetively President and _ 5ecretary = f''" o~ ; HARRIS CONSTRUCTIQ11t CQRP4KA`I'ZQN a F1Qrida _~'•~orpdrqtiort;~to rn~ known to be the persons described in an~ who executed the foregoing instrument, and severally acknniaflecdy~ci tiie ex~ ~ cution thereof to be their free ad and deed as such officers for the uses and pvrposes ti-~ar~in rre~~ioned; a~~ thai t4e,y affixed therefo tlie.official seal, of•said corpo~ation, and tfie sai~ instrument is the ad and deed of said corporation. ''y~~~t~1111Ifi>.fr WP71~E5S•~my..h~c~6 ~nd.official sesl at Fort Pierce , said caunty and state. _ : , _ -.~,a, ~ F! L~~~~II~1 C 0 0 E D ~'•~,t ~N..... Bo~ otary Pub~i~, in a for State and County aforesaid. . > ~ " " My Commission Expires: rJ r _ Ru"':~ c+~te ot Flariiy.a t1t 1~t1~ , ~ Notary ` 5, 1°67. 1 ~ . : C p ~ • Sy ~.,Omm ~5 on Er.., ,.U?. ~ . • ~ ~ ~"V ~~y ' f ~ • h1y E, Am~rwn ~urety Co. af N. Y, ~ BonJed ~Y . ~.'n : ; - 1~,.. , ~ T` r",~'s ~ ~ i . ~ I' ~ ROGER ~'01'~ RAS. CI.ERK ~ LUCtE C4UN?Y. c:~lr!~s~;;; - ~1~ ~48.... - ~ .