HomeMy WebLinkAbout0888 by registored ntail ta the 8118RI3 CO1tS~~tUCTIO~ C(R PORATIOft ~ at
72~ Quino~? Awnu~~ Ft. Pioro~, tlorida?, odrri~ixsg svid oorporation
oi th~ r oo~ipt o! t~? notioe o~ the doi'ault rnd t~rt~her sdvising
aaid corporstion t2~ust at ths e~tpiratian at thi~rty dqye xwhiah s~L d
d~frult ooourr~d, th~ liaorow A~at shsll d~liv~~r ~e~ DLIIR ~ i, D~,ARR,
t~e coll~t~ral h~ld ~•~orow u~tos• satiot~?otor~ et3ltsno• ~?s
besu ttir~n.ishad to th~ 8nororr Agvnt in writ3ng tbst s~id ~„~4.OR,Q.~,,,QQ,~
nat• ia no lon~,cor in Qvtsult.
D. Tb~at it ahall be ths r+e~po~ibility of the HRRIS
C(~i3T~~CTIO~I CQRFOHATIO~ to sati~ty t~e Esorow A.gant rei'err~d
to hersin, that tne ~irrt 4ortsag~s rsl~rr~d to ~bov~ in farar ot
tho FIRST FEnERAL SA'~1~68 AI~D LUA~i A880CIA?It~f 0]P FORT PIBRQ~~
aM ~tll ix~ good et~eu~d1II~ ~?t all ~ieem ~ P$O~IDI.~G HOfi'FVFR ~ t~e??t
t2~e ee?id oollataral sha11 not be dsli-~rsd ta eai~ ~AR]TA I. BARR~
for a periad aS thirty d~ys aad n~zfi att~r tiho d~S~ault oa raT ot
the aald fir~t 'ortgagea; thuu ~,3i?1ag tbe BA~tIS COl~3TBU0~It31~
C4RP~iiATIOlr thirtl da~nd in w~iah to bring all ot the detault~d
first ~ortg,s~ge4 ixito goo!! ~~~~ing.
E. That it e~~ll t~s the rsapaneibility o1 the HARRIS
C~1tST~tTQSIOH ~ORPO~A2IOlt tv eati.ty th~ ~ecro~ Agent rePerr~tt
~o herein t?bat tha te~cee ancT ineuranao ar• not iri detault;
kROYID~I3 HOi~~, tha~ the aaid oollateral ehall ~ot b~
~l~livared to the esid xA.Ft~iA I. SIIRR, Sor a plrioct oS thir~~r
d~ a n~e6 att~r gi t2~e aptiee af defau~t; thum gi~ix~ th~s
~IS CCi~ST~tII~I4~ORPORATIOl~ t.~tirt~r d sya ia whiah to bri~g
all o#' the d~tnul~ed tir~t ffiortgsgee iato good etanciirzg by
~qR.a~ niI dalinquent taaree or ixieursr~ae.
F. Thst it ~ahall ba th~ rospaneibillty oF tho SARRIS
C4l~~THi3CTIQ~ C08PORATIOF to prorride s~id YARBd I. B~BS r?ith
~d~Quats tir~ ~ windetorm ~aauraao~ to prcte~t tbe e~id
not• ~ttaahed ~erato. I~E i~ agr~sd betweer~ the p$rti~~ hereto
tbat s~aoud ~ortg e iaadoreo~nt~ oa th~poliai~a a~orv h~ld by
the FIR~T ]!'ED~P~AI,~ATIl~Q3 ~ L0~ A3SOCI1lTI0ii 4? I0~? pI~RCE
Rill be d~ested aut~ioient ~d said sndor,~msnts ther~tv sl~all
be ~'urrai~hed to said l~~oraw Ageat.
a. ~hat upou the p~yravat o! the e~a3d i 64 DA~9.U~?
promi$,~ary n4te snd inter~r~t acaording to 3t~'erauur, o,ge
t~"~"i~`r`
~?ith ~7.1 ohe~rge+~ dus thar~undor, #~ia Agare+~rrnt ie to bo null
artd To3d ar~d th~ ~bo~ w~med +~eeuritiee ~re to b~ r~turned to
tha HARBIS CO~iSTRUCTI4~ CGRPO~TIO?~, a?ad re~a+~sig~ed tc 3.t.
H. T~iat ttss Eecrow Ag~nt ie aot a party to, end 1+~ not
bvun~ by s~? Agr~~~nt w~2iioh ~sy b~ ~vldena~d byf crr ari~aa out
ot ~he ~orogoisg 1n~~rwa~?n~s ot2ver ~h~~n as t~er~in ~et torth.
I. ~h~t tho I~sarow Agent ae~ out heareuudar ~ a~epoeitQry
Qnly~ a~d 18 not resyoneibl• or liable in any msanar xhat~evor
!or the ~u,~tioie~cy, eorrarotnees, genuinan~a~ or ~?alidity ot aay
instru~ent depaei.ted with them, nr tor t~~ form o!' ox ~xec~ttion
ot auoh inetr~~nt, or ~o~r th~ in~sutity, aut~iorit~r or right~ v~'
a~r par~san azecutiag or dspoe~iti~ it a
~ Jo T~,at the ~acro~r lgfnt ohell not b• roa~uired to take
' notiCe at ar~q d~fault or tQ tska aap~ action rrSth r~a~ea~t t~ suc~h
' detault involvirlg ar~? exDene~ or liabilit~r ualesa z~utioe in
; writing ot aueh dstault ie given to ths 8~crorrllgent ~n~ unl~~~
! it ie izi~omnitie~, in g ma~sr e~ati~taetory to th~, againat
~u~h sxpan~as or lis?bili~Ey.
K. That the ~a~id Eaorow Agsat ~~11 b~ prote~t~d in actirig
upon a~ny urittfn notieo~ requset, waiv+~r, ooas~nt~ qayer or oth~r
~~aceipt or docume~~ ~igm~d t~ tha~ propsr par~y or partie~e.
~J~ ~~L/ ~v W