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Home My WebLink About0862 3. io plate and continuously keep on the bu+!dings now or hereefter •~!uate on seid land and on sll equipmeM •nd parstrnslly covenci by this mong- ag~, with all premium• thereon peid in full, fire insurance in tha ~wai standard pol~cy form, in a sum approv~d by the MORiGAGEE, and windstorm insuience in the usual itandard pol;cy fo~m, in a sum approved by ~he MORTGAGEE, in such compar~y or tompeniea at the MORIGAGEE may direct; and all fire and windstorm ins~rence policles on any of ~aid build~ngs, any inte~c~~ therei~ ar part thereof, in the aggregete sun+ aforesaid or in excetii thereof, shall coMain the u?ual stendard mortnsgee tlause or auch orher clause es the Mortgagee may requin, makinq the loss under ~a~d pa~~- cies, esch snd every, p~yabl~ to aaid MOR?GAGEE as ~ts interest may appear, and each and e~ery such poi~cy shall bc promptly asa gned and de~ivered to •ny held by seid MORTGAGEE ss further secu~ity to ~aid n,ertgage debt, and, ~oi ~e~s than ten (10) d~ys in advan:e of the expiration of each poticy, to dr livar to ~eid MORTGAGEE e renewal thereof, together with a receipt fior the premium of such renewal; and there ihall be no f~re or windsturm insurence plsted on any of said buildings, any intereet theroin or pari thereof, un!ess in the form and with the loss payable as aforesaid; and in the erent any wm of money becomes payabte under such policy or pollcies said MOkTGAGEE shall have the option ro receEve and apply the same on account of ihe indebred• ne~s secured hereby or to perm~t aaid MORTGAGQRS to rece~ve and use it or any part thercof fo~ oth~~r purposes, v,~tho~t therei~~ wa~~i~ig c~ nnP~i~' irtfl any equity, lien or right under or by virtue of this mo:tgage; and in the event aaid MORTGAGORS •hall for any reason fail to kaep the said premisea so ~naurrd, or fail ro deliver prom,ptly any of said policies of insurance t~ said MORTGAGEE, or fr.! promptiy to pay f~lly any premium therefot or in ar,y respect fail ro perform, discharge, eaacute, effect, complete, comply wiih and abide by th~s tove~ant, or any pait hereof, said MORTGAGEE may p~ate a~~d pay for wch inwrance or any pert thereof without waiving or affecting any option, lien, equity, ~r r;ght under or by virtue of this Mo!tgage, and the full amount of each and every •uch payment shaf~ be immediately due and payabie and shall bear inte~rst from the data thereof u~til paid at the rate ot nine per cenr~m per ennum and together with such interest shaii be secured hy the lien of this morrgage. 4. 1o permit, commit or suffer no waste, impairment or deterioretion of sa~d property or any part thereof. 5. To pey all an~ singular the costs, cherges end expenses, including n reasonable attorney's fee a~d cost• of abstracts of title, incurred or paid at sny time by said MORTGAG;E, because or in the event of the failure on the part ef the eaid MOR7GAGOR fo duly, promptly and f~lly perform, d~scharge. bxecute, effect, complete, comply w~th and ab:de by each and every the ~tiputations, agreemenrs, condit~ons, end covenents or said pranlssary note and this mortgage arty or eiiher, and said cosrs, charges and expanses, each and evary, shall be immediately d~e and payable; whether or not there be no~ice do- mand, attempt to collect or suit pending; and rhe fuil amo~nt of each and e~rry svch paymem si,~~i bear interest from the date thereof until paid at the rate of nine per centurn per ann~m; and all sa~~+ costs, charges and expenses irxurred ot paid, together w~~h suth interait, shali be secured by the lien of thie mor!gage. G. Thet (a) in the event of any breach of this Mortc~age or defaulr on the part of the MORTGAGOR, or (b) in the event eny of sa:d sums of money heroin referred to be not proi~~ptly and fully paid within thlrty (30) days next a'fer ihe same severa!~y become due and payable, wi±hout demand or notice, or (C) in the event each and every ihe stiputations, ay~eemems, conditions and covenants of sa d promissory note and th~s mortgege any or either are not ~uly, promptly and fully performed, d~scharged, executed, effecred, completed, tomplied with and ab~e;ed Sy, then in either or any such event the said ag• gregate tum mentioned in said promissory nole then re~naining unpaid, with interest accrued, and all inoneys secured hereby, shall become due and pay able furthwith, or theraafter, at the option of said MORTGAGEE, as fully and completely as if a11 of the said sumt of money ware origina~ly stfputeted 1o be paid on suth day, anything in sa;d prom~ssory note or in this Mortgage ro the contrary not,withstanding; and thereupon or thereafter at the opt~on of seid MORTGAGEE, witho~t notice or demand, suit at law or in equiry, therefore or thereaher begun, may be prosetuted as if all money~ setured hereby had m~tured pno~ to ~ts institution. 7. 7hat in the event that at the beginning of or at any time pending any su~t upon this Me~tnage, or to foreclose it, or to raform it, or to enforce payment of any claims hereunder, said MORTGAGcE shali app!y to the Cou~~ having jur~sd;ction thereof for the appointment of e Receiver, such Court shall forthwith appoint a roceivrr ef sai~J mortgaged property all and singvlar, includ,ng ai! and singular ~he income, prof~tx, issues and revenues from whate~er aource derived, each and every of wn;ch, it being expressly understood, is hereby morrgagzd as it spec~fically set iorth and d~scribed in the gronting and habendum cla~sea hereof, and s~ch Receiver shall have all ihe broad and effecr~ve fur.ct.ons and powers in any~v~se entrusted by s Court to a Receiver, and ~uch appoinfinent shali be made by s~ch Court aa an admitted equity and a marter of absolu~e r~ght to said MORTGAGEE, and without referente tn the edequacy or inadequacy of the value of !he property mortgaged or to the so,vency or rsorvency of sald MQRiGAGdR or the defendants, and that such renta, prufits, income, issues and revenues shall be apFiied by such Rece~ver accord:ng to the lien or equity of said MORTvAGEE ar.d the praclice of such Court. 8. Ta duly, promptly and fully perform, discharge, execute, effect, compl2te, cortip~y with and abide by each and every tha stiouiations, agreementf, conditions and cover,ants in said promissory note and th~s mortgage set forth. 9. That in the event the ownership of the morigaged premises, or a~~y part thereoi, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, ita successorn and assigns, may, withour notice to the h10RTGAOR, deat wlth such successor or succes~or in interest with reference to this mortgage and the debt hereby sewretl in the same manner as w~fh Mortgagar wilhout in any way vlt:ating or d~scharging the Mortgagors' liabi{ity here- under or upon the debt hereby sewred. No sale of the premises hcreby mongaged and no forbearance on the part of the h10RTGAGEE or its successors or assigns and no exrension of the time for the payment of the debt hereby sec~red g~ven by !he MORTGAGEE er its s~ccessora cr ass~gns, shall operate to release, dlscharge, modify change or affec? the orininal liabllity of the MORiGAGOR here~n, either in whoie or in part. 10. It is apecifically agreed rhat time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligation sr Cured hereby sheli at any time th~reafter be hcld to be a waiver ot the terms hereof or of the insrrument aec~red herby. 11. In add.tio? to the foreao'ng men`hiy paym~n!s ot pri .c aal and interest req~ired by rhe prom ssory no!e secured hereby, mor`gagor epvenants and agrees to pay to mortgagee ~nith each month'y payrr.ent an addlrional sum est~mated b~ mortyagee to be equal ~0 1; 12 of the annual cost of the follow- ing: A-All real property taxzs levied or assessed ag,~i•,st nc~ ahove describcd real esiate. B-Fremiums on fire and windstorm insurarc= as herc:n requ red to be carried on the ;m;:rovemenrs s~tuate on the above descrit~ed pr~milei. ~ C-Premiums on such mortc~age guaranty ins~rar.ce as ~nu•tyagee shall from t:me to tune deem fit to carry on the loan set~red ~teGy. s'• Mortgagee shall from time to time no~ify mortyager in nrit;ng of the am.ou~t due and ~ayab'e hereunder and s~ch s~m shall_ltxweGpon be ~u~n~, ~ payable on the due date of tne next n~.onthiy payment and e:;cn SuCC251iv2 mornh thereafter urnil mortgagee shall notify mortgagQr'df(a Char~e• Rryuek,. amount. Such sums shail oe applied 6y mortgagee ta.vard the payment of real properry taxes, insurance prem;ums, and mortgage-~gLaran4~? i~js~ncet: prert'~iums. , t- ~ ' , IN WITNESS 'NHEREO~, the sald MORTGAGOR has hereunto set hfs hand and sezl the day and year first aforesaid. t> ' 'Signed, eled an delivered in the presence cf: ~R~tIS, CONSTR~I~ r.~' .e ~:l1~~i'-- / ~ [~}'Q. _ ~ - 'TSelan AtteBt - - - 's~eq - - _ _ 8~ eC k,a~y . , STATE OF FLOf~IDA COUNTY OF ST. LUCIE i HEREBY CERTIFY, That on this day of ~~~e~~~r' _ ~~..T, r~1.~'.-1~~,' ~ before me personally appeared ~etillism 1~( _ Harris and Fr~nk7 i n Ao~~ri g.~~~_~ respettively _ President and ~ _ Sec~etary - - - -'~-~.of ` . _~ARRIS CONSTRUCTTON GORPORATIUN , e ~'~oY'~da _ Cofporatiort, ~~o me known to be the persons described in and wha executed the foregoing instrument, and s~verally ackno~vledge~ the exe- cution thereof to be their free act and deed as such officers for the uses and p~~rposes therein mentioned; and that they affix@d,tF~erretc~.t~e"dfffcial seal of said corporation, and the said instrument is the act and deed of said corporetion. , , ~ . ~ . ~ . ~ , Wf7t3~S5 r~y.,.h~nd'and "official seal at Fort Pierce , said county and state. ~`~V i ,w . ~ ~ ~ = F1LE ~ .:~v ~ E~ Notary Public, in a for 5tate and County aforesaid. CO ~OKMy Commissinn Expires: . , , _ hotary F~uh,: 3'..t~ : f ~ , . " . ' 1~.,. ~ ^~r ~ ~ P~- 2 I e,~~i:JS.i ~.+r ;,~n~r La s~t:t~ ~.t. ~ 'r, - 6S OEC ROG~t~ ~ oi ~ ras, CLERK ~ ST. ~l)~~~ r~UNTY, r ~ r ; ~ ~ n ~ ~.~2 . 256 ~ . 606K