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HomeMy WebLinkAbout1298 3. TO plete end continuo~sly keep on the b~~ d:~~~gs now er her•~after s;t~ate on sa~d land ard on ai~ equapmeM end personaliy covered by ihi! mortg- aga, w~th all premivma thereon pa~d ~n full, i.re i~~.s.,r~ncc ~n the ~s~al stara~,d pc!~:y form. in a wm aFproved by thr MUR~vAGEE, and windst~rm insurer.ce in the ~wal s+andard po':cy fo~m, in a s~~•n ~E~;.roted by !he MORTGAGEE, in wch <empany or compe~~es as ihe MORTCsj'GEE may direct; and all fire and w~nds~urm inwran~e pol~c,~s a~ any of seid b~i'd~ngs, any inte:est the!ein or part thrreaf, in the aggregare su~~ +~fioresaid or In excess thereof, ahail contain the vsual standard n-.orr~ ,;ee C~d'JS? ~r such other cla~se as the Mert9ag-re me,' requ.re, making the loss une}ar ta~d poli- cies, each end every, payab!e ro eald MORiG.AGEE as ,ts ~nf,r~st may appear, and each and every such po'~cy eha'~I be promptly ass gned a~d delivered to •ny held by sefd MORTGAGEE as furihe~ securi~y ~o sa,d ~~~or~gage deot, and, not tes~ than ~en (10; days in od~ance of ihe exp~;~!~on of each policy, ro dr (iver io soid A/10RTGAvEE a renewal tnereof, togerher with a~~ce~pt for the premium of such renewai; and ihara shall be no flre or ~vindsiorm insurance pleeed on any of said b~ild~ngs, any inre~e:t there n or parr thereoF, un'ess in the form and with ~ne loss payable as aforesaid; and in tha event any s~m of money becomes payable ~nder s~ch policy or pollcies said A10RTGAGEE shall have the ophon to receive ~nd apply the sa~ne on aicou~~t o1 the indebted- ntti Sec~ied hereby or to perm~t said NJIORTGAGORS to rece~.e and use it or any p~rt ihercof io~ e~i+••r purposes, v„thc.,t th~~<<~; .v~i:i,~ or ~~~pcr- iny any equity, lien w right ~nder or by vir~ue of this morrya9e; and in the event ~a;d MORTGAGORS shall foi any reason fail to kcep the sald Nremises so insured, or fail to deliver promptly any of said pol~c~es oi insurance to sa;d AhORTGAGEE, ar fa~; prompNy to pay fully any prr:ni~m therafor or in any ?~spect fail to perform, d~scharge, execute, effea, compie~e, c«i:ply wirh and ab~de by this covenant, o~ any parr hareof, sa~d Iv1GRT;,AGEE may plac~ and pay for such inwrance or any part thereof w~thour waiving or a4fecrirg any option, lien, equ~ry, ~r r~ght ~nder or 6y virrue of this Martgage, ard the full amoum of each and every such payment shall be 1~r.n,ediareiy due and payabls and sha!I bear imerest from the date thereof uniil paid at the rate oi nine par centum per annum and togethcrr with wcii in~~~re st sho~i be s~~cured 6y the lien of iF~s mortgage. 4. To permit, commit or suffer no waste, impair~nem or dcterioration of sa~d property or any part thereof. 5. io pay all and singvlar ihe cests, charges aed erpenses, indu~ing a reasonab!e attome~'s fee ard costs of abstracts of title, incurrEd or paid at any time by said MORTGAGEE, betause cr in the event of the fa !ure on the part of ihe said fv10RTGAGOR to duly, p~omptly and tully perform, di;cnarge exetute, effect, complete, comply w~~h and ab,de by each and every ihe siipulaf~ans, agrecn,ems, condlnons, and covenants of sa~c~ piomissory note a~~d th~s mortgac~e any or e~!her, and sa!d costs, charges and expenses, each and every, shail be imn•.ediatrly d~e and payabte; whether er not thare be r:orice dr mand, ettr:~~pt to collect cr suit pend~ng; and the f~;i amount of each and e~ery wch paymen~ st~ai~ c,e~a~ ~nreres~ frem fhe date thereof until pa~d at the rate oi nine uer :ant;~m prr arnv:n; and all sa~d costs, ci~.r.ges and exper.ses inturred or paid, together w:th such interest, ~hail be secured by ihe lien of ihi~ mortgage. @. That (a) in the even! of any brcach of this hlortgage or de'ault on the pari of the 1,10RTGAGOR, or ;b) in the event any of said sums of money herein referred to be not promptly and f~~liy pa~ti vnrh~~n th rty ~3J; d~;s next a~rer rhe sa-»e sr.era'.':y became due and paya~le, without demand o+ noiice, or (t) in the event each and every ~he stip~'ations, a~3reemen!s, ccnd~~ions and covenants of sa,d prom~sscry note and th~s mortgage any or either are nos ~uly, promptly and !ully perfo-med, d,scharg~_d, execured, effectt~d, cornp!eted, compl~ed wrtn and aL!d~d 5y, then in e~ther or any svth event the said ag• grogate wm mentioned in said prom~ssory not~~ then re~naining unpa~d, ~vith inrere,t acuued, a~,d aJ moneys secured hereL-y, shall become due and pay eble ~arthwith, or rhereafrer, at the epr~ai uf s~:d hSCRTG~GEE, as f~iiy and completely as if a~l cf il,.a sa~d sums oi money we.e or~glnelly a~~puiated To be pa~d on wch day, anything in sa d pro n:u^ry note or in this ~tilortgaga to the conrrary notn~thsranding; and thereupon or thereafter at the option of seid MORTGAGEE, w~thout not~ce or drmand, su~t ar law or in eq~~ry, thererore or thereaitar begun, may be proaecrted as if all moneys secured hereby nad matured pnor to ~+s instltution. 7. That in the event that at the beg~nn;ng of or at any t~:ne pend~ng any su~t upon th~s Mortyage, o~ to 4oretlose it, or to refo-m it, or to er.force payment of any clsin;s hereund-er, sa~d h10RTvAGEE shaJ a~ p!y ro the Co~~rt having jvnsd c?,on thereof for the appoimmant of a Receiver, such Co~rt shail forthwith appoint a receiver of sai~ mortgaged propert~ a!i and sinq~i~at, inc~~d ng ~li and slnyuiar fhe income, prof~ts, issuet and revenues fiom whatever 4ource derived, each ar.d every ef ~vi~,ch, it be~ng exuressly ~nderstocd, is F.ereby mar!gaqad as if apec:f~ca;:y set fo~ih and described in the granting and haber.dum dauses hereof, and such Receiver shail F.ave a~l the br:;ad and effec!~ve fV~1C:~GnS anJ po-r:ers in df1YWi5C entrusted by a Co~rt to a Reteiver, and •uch appointment shell be rrade by such Cour! as an ad:•~~7t~d eq~~ty and a rca~trr of a65oiufe right to said MORTGAGEE, and withouf reference ro ihe edequacy or inadeGuac~ ef tha va!ue of the prooerty mortc~aged or to ti~e so,v<~~cy e~ insoivency of said MORiGAGOR or the defe~dants, and that s~ch rents, profits, incon;e, iss~es ar.d reven~es sholl be appi~ed by w.h Rec_iver accord~rg to the lier or eauity of said MOR7GAGEE and the ptactice of such COUrt. S. To d~'y, erompt'y and f~l!y pertorm, dlsch~rge, exec~t~, effec!, cemplete, cornply wi+h ar,d ab~de by each and every the stipu!ations, aqreemenie, 'tonditions and eovenanrs ~n sa~d promissory note ard tn z mortg;ge set forth. 9. That in the event rhe ohner<_h~p ~f the r.,ertgaged cremises. or any part therecE, 'cecom~s vested in a person other than !he MORTGAGOR, the ' MORTGAG[E, irs s:tcessors ar.d ass;gns, rnay, •.vi'hovt na;lce to ti,e A',ORiGAOR, deai wi!h :u~-h successor or wccessor in interest with reterence to this mortgage and the debi hereby secured in tne sar.~~ n;ann~~r as w~,h .",ortgagor w~tho~t in any way viY:ating or d~scharging the t.lortgagors' liabi!ity here- under or upon fhe debt nzre'o~ secwe~. No sa'e of tl,e F-~r^.;5~•s hereb; r.•,ortgaged and no fo~t:earance on the part of the 1~10RTGAGEE or its successors or assigns and no exrens,en of fhe fi;,,e fer she payme->> o'r rF,e d~•br h~•reby sacured g~ven by ~he MORiGAGEE or ih wccessors o! ass!gns, ~~~~aii operate to reiease, d:scharge, modify c~ange or affect ti~e w~g~na! liao.ll!y of ihe MpRTvAGOR t:ere~n, ei!her in who!e or in pari. 10. It is speuflca!iy aoreed thar t~rr.~ is of ?f~e esser.:e cf this contract and that no v~aiver af ar,y obl gat~on hereunder or of the obligation se- ~ wred hereby ehali at any ti,,.e thereajter b^ h c~ tc c.~ a v: ~ oF the terrr~s hereof or of ihe , str~ment sewred herby. 11. !n add t^_ ~•o r~, i regc .,,cn~r' ..s os ~ p~ and r,r~res~ r~,a: ~~d b; tha ~:•orn ssory nc~_ sc~. red hc•,rby, moriga~or covenanh and agrees to pay ro ~ c r~_.gee v.~~F ~~.h ,;r,'n ~ p, an a:~d,• „na~ su~n ~~sr ~_ted b; mn•r~.~g~e to be eq.,ai ~0 1 12 of tha ann;,al ccst oi thc fol!ow- iny: i~-A!i reai Frcpc-ty rax~s iev~.d or ass_<s.::i ..'c.~:c desc ~;~_d rea~ eqr:~re B--Pr~n,.:~...z on f~r~ arJ ..,-.dzt~rn, ins~:r:vi ce i,.~•r;~; r•c~:~_d to b~ ca~;~. i c? th~; ~ove~neots s:r~atr en tha abuve ti_scr~bed premises. C-Pre.nl~r s eo _.,ch n•,~rt~ _ g~a~a ~.y irs~"a : r. t o::.e st;a i frc • , to t'~nc er, f~t te carry on the Iean secured hereby. M.crtgage. she'! jrcrn to t~, e,~.,,f ,rcrt,. n.. g of tne .,o:~v d;_ and payab!e hereund~r and s::1~ su sh~!1 !hereupon be due and payab!e on tha ci,., c.~+e cf rk~ ~~:~,e; ~ o^~n , e~, _ d e!c~, s;:ccss~ve th,~-cat~zr ~ t:: m:;rtgaqee sha!I nor~fy r;~.nrtga ~or of a change ir ~c~h amount. S~.h su~ns sha~i ce apc:~~~~_d by r,~,c;rya.~._~,~r,,:,a•d cl~.c E,,~,,•~e~~i of re~a: Frc;:er~•; taxes, insuran:e prrn;~~urns, a~~d matgage guarA~ty ir:wl.lrrce premiums. • ' IN \"JIT~`lESS VrHER~OF, !ne sald !AOR7G%-v'~n i,-~s h^re.~^~o se! h~s h~rd ar.d scal the da an~ ear first aforesa~d. ~ i n~~y,~ aled a deiive d in ihe presence of: ~i C~II~Tp-PUCTI~Oi~~~` ~iU .PORr~TION ~[%~"ir" tJ ~JV~-CL~rv~ CJ~ ~^V~k-~ Seen _ _ ' - N • ' ~ S ' P S L~t . . : " ee -.t~~S~ v Z-" (9eal)-~. . _ _ ' ` r ~n 1 l 1:1 ' ^1 . a ~ ~ .g ~ r ~.~~dl)1' • . ~ . . - . - . - . --ri~ r•-( - STATE OF FLORIDA COUNTY OF ST. LUCIE I HEREBY CER7iFY, That on this_.L~~ day of i~ c•~~:ir~„~P.?;;__~__ A.D. 19 E~ before me personally appeared :'7_lilE~l'1 ~i~ .:j~:?''1'] 3 and "'~~i_~~=? =tZ__ S' __n~T~2'] g--_ respectively President and - SecreTary _ ~f _ H~_R~'IS COI~'aTpU~T~Ui~ ^G:tPURE:TI'0?; , a Flor•:d~ ~4_._ Corp~ration, to me known t4 be the persons clescribed in and who executed the foregoir~g instrument, and severally acknovrledged the exe- cution thereof to be their free act a~d deed as such officers for the uses and purposes therein mentioned; and that they affixed,t~ta the official seal of said corporation, and the said instrurnent is the act and d~ed of said corporation. WIjNE55 my hand and official sea! at Fort Pierce said counSy and state. ~ Hr~c ~ECOaoE ' ~ ,~_y : ~n~1 tary F'ublic, i and for State and County aforesaid. , . . 0 . MRy Commission Ex ires- - P ,,t , ~~:g ~ tao pr`! : ` : ; , , L . Y . r '-!nr.~rd ..i r,~i, .:~~~y ~o.:.~i 'GS ~.~EC , 1~3, ~ 1~MM~ i I a 1~ , ~ ~ k . ~ ~O~i~!~: . ~r:,,J, Cl_~RK ~ ~Y ~ ~~r~c r~ni~NTY, _ . . :i, " , ~,~QK a _ ~ . ~ ~ .