HomeMy WebLinkAbout1680 3. To plece •~d continuously keep on the bu~'dings now or hereafter ~;~uate o~ s.~~d ~and a:,d on a,i eq~ipment end penonelly covered by this monQ-
~p~, with all premiums thereon pa~d i~ full, fira insuronca ~n the ~s~al standard policy form, in a sum approved by iha MOR~~AGEE, and windstorm
insur~nc~ in the uaual ~tandard poGcy form, in a sum approred by rhe MORiGAGEE, in such company or compenies af fhe MORTGAGEE rr+ay
di~Kt; and all f;rt snd windYtorm insurance polir.ei on any of said bu~.d;n9c, any interest !herein or part thereof, in rhe aggrzgefe •um afores~id or
In sxcws thereof, shall contain the uswl ate~dard morrgagee clause rar such orher dauso e< <he Mo+tgayee may requ~re, making the loss undar •a~d po1i~
tie~, e+ch and every, paYabte ro uid MORTGAGEE aa ita in+erast may apprar, and ea<h and eve~y such po;~cy sha11 be promptly ass gned a~~d dalivered ro
•ny tuid by u~d MORTGAGEE as further tecu~ity to said mbrtgage debt, a~~d, nct !ess Ihan ten (10) days in advance of tne expiretion of each polity, to d~-
liver to said MORTGAGEE a ren~wal the~eof, togather with a receipt fo~ the pramium of tuch renewa!; and H,ere shall be no fue cr windttorm inxura~ce
p~at~d on any of said buildings, any inrerest there~n or pert thereof, unless ~n the form and wi~h the loss payab!e ai aforosaisl; and in the evsnt any wm
of money brcomes paysble under such policy or pollcias sa~d MORTGAGEE shalt have rhe ep+~on ro rece~ve and app!y the aa~ne on accoum of the indnbt~d•
neu sacured hereby or fo permit said MORiGAGORS to receive and use it or any p~rt ;he:cof ir. o;ii,r ;:ur;~;,srs :~;~ho~t th.r~~u: wa~vi~~ er ~~npar.-
iny any equily, lien or right uryder w by virtuc of this moc'yage; and in the even~ sa!d MORTGr1GOR5 shall for any reason fail to krep the sa~d premises so
inaured, o? fsi) fo delivar promptly any of said po~ic7ee of insurance to aaid MORTGAGEE, or f~~l promptty to pay 4~Ily any pren;i~~r~ therefor or in a~y
rtipett fail ro perform, discharge, exetute, effec~, comptete, cemply with arid abide by 1hls covcnaro, or any parr hareof, said MGRiGAGEE mey place and
pay fw such insurance or any part thereof without waiving or nffaciing any option, lean, equ~ty, or r~ght under or by virtue of th;s Mortgage, and the
full amount of esth end every svth paymant shsll b~t immediately due and peyable and shail oear intereet from ihe date thereof unt~l paid at the rote of
nirte per centum per ennum a~d together with such interest sha{i b@ srcur~d by the lien af this mortgage.
4. To p~rmit, tommit or s~ffer no waste, impairment or dete~ioretion of aaid property or nny part thereof.
5. To pay ell sod ti~ular the costs, charges and expenses, ~nrluding a reasonable attorney's iee and ccsrs of abstrads of title, incurred or paid a~
any timc by said MORTGAGfE, because or in the eveN of the fai!ure on th~ pa~t of :he said t~10RTGAGOR ro duly, pronrpt'ty and futly perform, d~xharqe.
exec~te, effect, tomptete, comply wlth and ab;de by erch and ~very the stip~lat~ons, agree~ncnts, cond~tions, and covenants of said promissory note and this
mortgage any or either, and sa~d cosn, charges and expenses, each and avery, shall be immediately due and payabie; vvhether or not rhere be norice dr
msnd, ettempt to co~lect or tuit peiding; and the futl amount o~ each ar•d every such payment shait bea~ interest from the date thereof untii paid at tne
rate of ni~e per carit~m per annum; and all said costs, charges and excenses ~ncurred or pa~d, together tiv~th suc.h ir.terext, shali be secured by the lien of this
mortpa9e.
b. Thaf (e) in the event of any breach of this Mortgage ar default on rh? part of the M.ORTGAGO~i, or (b) ~n the evert any o~ sa'd aumt of money
ht~ein referred to b~ not promptly a~d fvlly oaid with~n th~rty {30) days neat alter the same se~~era:~y becomz d~e and payable, withoW demand or noti[e,
nr (c) in the evant eech and every rhe stipu:atio~s, agreements, cond:t~or,s and covenants o' sa.d prornissory note and th~s mortgage a~y or either are not
~uly, promptly and fully performed, d:scharged, executed, effected, comple!ed, complied with and ab~ded Sy, then in e~ther or any such event the sald ag~
gregate sum mentioned in said promissory no!e then rema~niny unpaid, with interest acuved, and ail n~oneys secured hereby, shall oecome d~e and pay-
able forthwith, or thereafter, at the option ef said MC~RiGAGEE, as fully aruJ completely as if a~l of ~he s~-d sums of money were onginally srlpulnted
to be paid on auch day, anything in sa~d promfssory note or in this Morrgage to the conirary notwithstanding; and thereupon or thereafter at rhe option of
faid MORTGAGEE, withous notice or demand, suit at !aw or in equity, therefo~e or thereaiier begun, may be prosecu'ed as ~f ail moneys secured hereby
had matured pnor to ~ts institution. •
7, That in the event that et the beginning of or at any time pending any suit vpon ~h~s tAortaage, or to foreclose it, or fo ref^rm i; or to enforte
payment of eny c~aims hereunder, said MORT.r,AGEE shail apply ro the Co~n having ~urisd;tt:on ;hrreo4 far the aopo~ntmeRt of a Rece~ver, s~ch Court shail
Forthwith appoint a receivtr of uid mortgaged property all and singu~ar, inciud,ng all and singu~ar the ir.co~~e, proflts, iss~es and rtvenues frOm whatever
wurcr derived, each and every of wh~.h, it being ezpressly unders~oed, is 6ereby morrnaged as ~f spe:lficaiiy set forth and described in the qronting and
habendum tlauses hereof, and such Receiver sha~i have all the b:oad and cffecnre funct,ons a~~d po~vers en anywise entr~sted by a Court to a Receiver, and
such appoimment shall be made by such Court as an admirted equity and a matter of absolute ri~ht to sa~d MORTGAGEE, and wisho~t reference to the
edequacy or inadequacy of the value of the prope~ty mortgaged er to tne so,venty or ~nsoiv~ncy o4 sa~d MORTGAGOR or the defendar.ts, and that such
rents, profits, income, issues and reven~es shali be applied by such Receiver ac<ording to the lien or equity of said MORTGAGEE snd the prac!ite of wth
Cour1.
8. To duly, prompt!y and fu!!y perform, d;scha~ge, execure, effeU, co~nplete, cornFiy with and ablde by each and every She st~pulatio~is, agreemtnt~,
cenditions and covenants in said promissory nore and th:s mortgage sc; iorth.
9. Thet in the event the ownership of th~ mortgaged premises, or any part tnereci, becomes vested in a person otner than the MORTGAGOR, the
MORTGAGEE, its successors er.d assigns, may, wirhoui r.tice to the 1~jOR?GAOR, deai wi;h s~cfi SUiCC5i0( Of successcr in inte:est with reference to this
mo~tgege and the debt hereby sewred in the xame n:anner as with hlor!gagor w:thout in am{ way vit~atinq o~ d~zcharging the Mortgagors' liability herr
under or upon the debt hereby sewred. Na sale ef ~!,e ~::en,ises hrreby mo~tgaged and no (orbeara~ue o~+ the pan of the ~AORTGAGEE or its succ~ssors
or assigns artd no extension of the time for the paymen~ oi fhe debr hercby setured gi~en by the `.~ORTGAGEE or iis waessors or assigns, al~all operate
1o release, distherge, medify thange or affecr the criginal lia;ri~ty of the MORTGAGOR here n, either in whole or in part.
10. It is speufically agreed that lime is of the essence ot this co^:tracr a^d that no waiver of any obliga~icn hereunder o: of the obligation sr
ctired hereby ~hall at any time thereafter be hcld to be a waiver of the terms hereof or of the irs~r~ment xrcurPd herby.
l i. In add~tion to the forego:ng month!; payr~_nts of pri:~c pal and inreres~ requ~red by the Q~GT SSCfy' 110~e secured hereby, morrga~ot ~o~renants
and agrees to pay to mottgagee with each mor.:hly payment an addlr~cr.a! sum <~s~!r,•,,~ed b; mortyagee to be equal to 1;'l2 of the anr.uai co~t ~.M:6"fe6ipwn
. ~ SJ ~ .
ing: ~ :
A-All real property taxes levied cr assessed ec,ai~~ss the aF,ove desc~i.'~,ed real esta!e. `--~C .
g ' ll
B-Premiums on fire and windsto:m insurance as herc:~ requ:red to 4e cz~ricd cr~ the ;;:rovemc~ts s;rua'e o,+ thc abovc desuit7iq~pr~sfl',,~ L
g g g y e±o timc decrn fir to carry on the loan securedYF~re6yL' `f
C-Premiums on suth mort a e ~aran?y ir.wrarce as r•ortaa~ee sha'~ fro.T ~ m .
Martgagee shall from time to time netify mcrrgagcr r r.ritlrg of ~n~ a~ ovot d~e ard p3yable hereunde! and such su:r, shal; 1!:rryupc>r~bB ~e er~~l °
payabts on the due date of the next n;ontF,i~ pay•rent a d each sv:cessive cnth thereaf!~r ~r.t~i mcrtgagee sha!~ notify mortgagor qf- a~~cFwMge io-~uth
amount. Such sums shail be applied by mortgagee toward the payrt+ent of re:~l pr;;perr~r taxes, insvrance (Jf@.T,~V'f15, a~i d mortyaga~ g~pr
d~,~~nsycance~
.
premiums. ~`ii~~ • ~ ~ '
IN V~ITNE55 WHEREOF, the said M RTGAGOR has hereunro set his hand and seal the da~r and year fint aforesaid. ,
S~y~ed, Sa and 'vered ir~ t presence of: HARRIS CO~T,~TR CTIOIT CO~tPORATION
_ By ts~,i
s, ress ~
_ Attest. ~ ' i
. = n . a , e e~'a~y
- - - '
STATE OF FLORIDA. COUNTY OF ST. LUCIE
I HEREBY ~CER7IFY, That on this~th day of J?~g A.D. 19~,
before me persanally appeared Will~~ W~ ~_e~'x'is _ and Fran.klin A li~rris ~
respectively _ Pr~sident and Secretary , af
_ jj,ARRTS _~N~'ioRj[j:T7nN ('.ORP~RATTDj~j , a ~,lnri g _ Corpe>ratian, to me =
~ known to be the persons described in and who exec~ted the foregoing instr~ment, and severaily acknowleciged the exe-
cution thet~of't0`be,their free ad and deed as suth officers for the uses and purposes therein mentioned; and that they
, affix~d`t~eYe~o'The~`mffTcial seal of said carparatian, and the snid instrument is the act and deed of said corporation.
t'"'_ = _ .
K VIATM~59,~srt
jr ~en~jj $rid,official seal at Fort Pierce saic! county anr! state.
r• .
? - . F~
tn f3 1I1} A REC ~ b~iC` ~ nd for State and County aforesaid. ~
~ NAy ~ ~ issian Expires:
_ . , , , ~ Notary Pub!sc, 5tate oi ~lorl~e ert Car~e
s nA ~~ty Comr., ss~on Exp~res Aug. 6, 19b7,
, _ ~ . ~ ~ ~ • . . ~ ~~:L=~~~ Y ~ _Sonded By :~i~~er~can 5ur~ty GO. oi L'1, Y,
~
~ ' ROG~R RpITR~S, C~ERK ~
. . ST. l.UCiE COUNTY,
- F1.0~1~1
` .l ~aoK~.20 478 ~ ;
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