HomeMy WebLinkAbout0448 . ~
To pl~u and ca?N~+~ously k~ap on tM Euildirq~ now a M.~aRM wtuat~ on uid land a~+d on ill equipm~nt ~nd p~nonallp covK~d hy. d+1s nart¢
p~, w~th ~II pnmiur~ tha~on p+~d in fi+~4 fir~ i~+sur~nc~ in th~ uiual ir~ndard policy fare~. ~n ~ sum +pp~owd by tM MORiGAGEE, and ~wi~torm
insuranc~ b tF» v~wl Nanda.d pol~cy iam. tn • wm ~pprov~d by ~M N10RTGAGEE, in tucA company or co~np~~~s a tM MORTGAGEE n~+y
d'u~~ ~nd all fN~ uid w~torn+ inswanc~ polic~s a+ any of said buitd~nqs, ~ny int~ns~ tht~eie w pKt tMr~of, in tM yy~pat~ wm afor~W a
In u~uu IMnof, ~MII oont~in tM vsu+l sandud mor~p+pe~ clava a such otl+N ciavs~ as tM Mwtp+yN m+Y nV~ir~. m+kinp tir lou u~ uid po1F
cN~, ~ad~ ~nd ~wry. paYabl~ ro aid MORTGAGEE +s in in~era~ may ipp~+~. and ~ach a~d ~ve?1l tuch policy ihall b~ promptly •u:qeed u?d d~liwr~d ~o
~ny Mld by ~+id MORtGAGEE as fwthN ucv~it~r to said mortp+p~ dsbt. +nd. no1 I~ss than t~n (10) d~ys in ~dvu~c~ of ~M ~zpiration of each policy, w d?
IivK to s+id MORTGAGEE ~ r~new~l th:~wf, to~rlw wi~h • rec~ipt fa tM p?emium of s~ch r~ew~l; and ther~ sh~il ba: no fin a winds~am inw~u~c~
pl~qd on W+y of wid buildinps. ~ny intenat tMnin a p~n tiwwf, unless in the fwm'and w~th tM loss p+YSble as •fo~~s~id; a+d in th~ ~v~et any wen
of ,noMy becpn~~ p~yabk ~nde~ wch puticy or policies ~aid MORTGAGEE sMll haw rM option to reoeiw ~nd ~pply th~ sa~n~ on +ccow?~ 01 tM ir~bred~
n~q Mcw~d I~~by a a petmit ssid MORTGAGORS ro teCeiw ~nd us~ it O~ any part fhe.wf fa othcr purposes. without thenb/ waiviny o~ ~mpair-
ie~y any puity, I'hn a ripA~ w~dM w by virtw of tAis mort~apu a~d in tM ~w+~t said MORTGAGORS shsll fo~ ~ny r~ason fail ro ke~p tM s+id pr~misaa w '
inwnd, w fai) fo d~liver prompfly ~ny of s+id policies of imun~cs ro said MORTGAGEE. w(sil promptly to pay ivlly ~ny prtmi~m ther~fw w in My
nsp~tt fail b pafoan, distharp~, e:ecvt~, ~ffstt, canpltb, comply wiM M+d ~bide by this tove~?+nt, p ~ny p~rt Mteof, s~id MORTGAGEE may place +nd
p~r fa ;uch lrauunc~ or a~y part th~~wf without waMinp a ~ffectinp any option. lien. ~quity, w rpM undN or by virtw of this Mort~~. and the
f1111 aA10V111 OI NCA ind fWfy iYtI1 p~yfMllt 3FNII bf Irtm~INlfly ~N and p~ysbl~ ~nd sA+ll Es~ intK~at from tM dat~ thereof until p~id a~l tM ?at~ of
nln~ pK cMtum pK uuwm ~nd to~e~ha with such ie+teresl sMll be secund br th~ 1'Mn of this nwrtyapt. j
1. To pKmiy oomnit a suff~r no wast~. ia+pairment a deteriwatan of ssid propKty a~+y put tM~wf.
S. To p~y dl snd iinpu~~r tM.cwts, ch+rpu +nd expe~s~s. indvd~np + re~sonsbk at~aney'a tee ~~d ooin of abstracts of titls, incvned w psid at
any tim~ by uid 1NORTCAGEE, Mcaus! or in tl+~ ~v~nt of the fsilw~ on ths p+n of tM s+W MORTGAGOR to duy, promptly ~nd fully pafwm, d~uM?g~
execvt~. effect. oompkq. comply with and ~b'~de b~r ~ad? and every tM sti~wla~iora, pre~m~n», ca+ditiom, ~nd oownanb of said promiuory not~ ~nd thq
^~9+?~ +~Y o~ ~itl+K. ~nd sud cos». chupes and eapernes. ~ach and ~very, sFMll b~ inwied~atety dw u~d psy~bk: whe4M~ w ~+w tha~ be notice ds
mand, ~ttempt to colkd w wit p~ndieg; and tFN (~ll ~rnount of ~ach ~nd wery wch p~ym~nt ~h+ll bear inrerost from the date thereof until p~id at the
rate of nine per centwn per annum; and all wid cbs», chu~ and expee?ses i~cvrred w psid, IopetMt with wch interest, tiwll bt s~cured by tM liet~ of thit •
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e, iMt (a) in tM event of any breach of this Mwt9ap~ a def~uh on the psA of th~ MORTGAGOR, ot (b) in the ~vem any of ~aid swro of money
Mr~in nhrnd to bs no~ p?omptty and fully p~id within thirty (30) days n~x~ ~fier the same severatty became due and payabl~, without demand a noY~ct.
or (d ir~ th~ ewM exh and ~very the stipulatio~s„ ~yraements, conditions and cov~nts of s~id promissory not~ ~nd this morf~ape a~y a ~ithsr are no1 ~
ivM, prompHy and fully perfwmsd, d~xlwped, executed. ~ffccted, compt~ted, compli~d wi~h snd ab~ded ~iy. then in eitF~er a u+y ~uch ~wnt tl+e sa~d a¢
prs~t~ wm mention~d in said promissory note then rem+ininp unp~id, with interest ~caued. and all moneys setured her~by, shatl betome dw and pay-
abl~ forthwitM, a thereafter, ~t tM option of said MORTGAGEE, as fully snd comple~ely u if all of the said wms of morny wert wi~in~lly stipulated
ro bs paid on s~xh day, soythiny in s~id promissory ~ote or in tha Mortyage to tF+e contrsry notwithstand~ng: a~d the?wpon w the~eafter at tht optan of ;
said MORTGAGEE, without notice dr dem~nd, svil ~t law w in eq~rity, thsrefon or thereafiK begwy may be prosecuted as if dl moneys sacund hereby
had inah?red prior to ib iMtitution.
7. Th~t in ths event th~t ~t the beginning of w at any time pending soy w~t vpon ti?a Matg+ge, or to fweclos~ N, or to reform it, or to enfora
payment of say claims hereunder, said MORTGAGEE shall apply to the Coun havin9 jurisdKian thereof for the appo~ntment of a Receiver, wch Co~it shall
~a-sl:xiM sppaint a rrtsiYer o4 saed ~lgngrd ptepe?ty al! and si~g~lar, i~clud~ng all snd sugulu the income, profits, tasues ~nd revem~es from wMtever
wurc~ derived, exh and every of which, it beinp exprossly undertrood, is F+ereby mor~g+ged u ii speci(ic~lly set fwth snd deu~ibed in tM 9ranrinp and
hab~ndum d+~ses hercof, and such Receivcr shall h~ve ~II the broad and effective funct~ons and powe~s in anywise e~trusted by a Coun to a Receivsr, ~nd
•uch ~ppointmmt shall be made by such to~rt as sn sdmitted equiry and a m+tter of absolute rigb~ to said MORTGAGEE, and without reference to tM
adequscy p Mwdeqwcy of the valvs of tfie prbperty matgaged w to the wnrcr+cy o? insolvency of s~id MORiGAGOR w th~ defendants, and tMt such
rents profits, income, iuues ~nd revenues sFwll b~ applied by such Receiver accordiny to ~h~ lien or puity of said MORTGACsEE ~nd the practiu of such
:ovA.
8. To duly, P.o~ry ~a wiy P..fo.~+, a-~~.~, execute, effect, compkte, comply vr~~h ~nd sbide by ead~ and ~wry the stipu~atiora„ yraemeots,
conditioM and coven~nts in ~aid promissory not~ u~d this mortga9~ set fath.
9. TMt in tM rveM the ownenhip of ths mortgsged premises, a any part thereof, becnn+es vested in • penon other thsn the MORTGAGOR, th~
MORTGAGEE, Ns wcceuon snd auiQro, may, w~+hout notice to the MORTGAOR, deal with :uch waessor a successor in interest with reference to this
mwt9pe u~d tl+~ debl hsreby secwed in the same manner ~s with Mortgagor witFaut ie sny way vitiat&g w discharpinp the Mwt9agon' liability h~rw
under w~rpor? the debt hereby seoured. No s~le of the premises hercby mo.tgaged and no fwbearanoe on the part of the MORiGAGEE a its suaesson
o. auigro and no exten:ion of the time for the p~yment of the debt hereby secured yiven by the N?ORiGAGEE or its sucoeuors a auiyrq, shall op~rat~
to roleau, distMrpt iewdify th+nge a effett tl+e oriyinal lisbility of the MORiGAGOR herein, either in wFak a in part.
10. It is specifiully sgreed that time is of the essence of this contrut and that no wsivar of sny obligation herevnder or of tM oblig~tion ~
cwed Mnby shatl at any tune thereafte~ be held to be ~ wsive~ of the terms hereoi a of the instrvment sccured herby.
11. In additan to the forego:rg monthly payments of princ'pDl snd interest required by the promiuory note secured hereby, mortyspor tovenants s
and a9rees to pay to mortgagee with esch monthly payment an addirional sum estimated by mort9sgee to be eqwl to 1/12 of the annual cost of the follow-
ing:
A-All real prope?ty taxes kvied ~or sssessed ag~i~st the above dewibed real estate.
B-Prem~ums on fire and windsto?m insursnce as I+~rein requ~red to be urried on the improvemenri sitwte on the above dewibed prem'ues.
I C-Prerteivms o~ strth mortgage gwranty insurance as mo~tgagee shsll from time to time deem fit to prry on the loan set~red hereby. ~
~ Mort9agee shall irom time to time notify mortgagor in writing of the amount due ~nd payabk heretrnder and tuch wm shal) tf~ereupon be dw ae~d `
p~ysble on the due date of thc ne:t monthty payment and e~ch successive month thereafter urtil mortg~gee tf+sll notify mortgsgor of a chany~ in such
' amount. Such tums shall be a lied mwt a ee toward the nt of real t~xes, insursnce emtums, snd mort a (nwru~ct ~
E aP bv e 9 wr~ a~nr w 9~.-~ ~h;
~ ae~eu~m. ' : : , ;
~ IN WITNESS WMEREOF, the aid MORTGAGOR hss herevnto set his hand and seal the da u~d year fint afwesaid.
,,,d ~ , : HAI~RIS C N$TRUCTZQ. ~~Q~~'ORATTON
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Atteat ~ ~ '
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STAYE OF FLORIOA COUNTY OF ST. LUCIE
I HEREBY CERTIFY, That on this ~ay of Anril , A.D. 19~~2, ~
before me pe~sonally appsared ~j 1 7 i Am W_ Asrris and Franklin A_ Harris ~
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respectively President and Secretary , of -
HARRIS GQ~STRIICTION CORPORATION ~ a Florida Corporation, to me
icnown,to;b~~#K~=j~spns destribsd in and who executed the foregoing instrument, and severally acknowledged the ex~ i
cution~l?bi~eof~id be .their,fres ad and deed as such officers for the uses and purposes tFeerein mentioned; and that they t
~a ;
af{ined~ ti~~td 1~qffibia~ sssl ~f said aorporation, ahd the said instrument is the ad and deed of said corporotion. ~
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WfTt~SS,pnY handL~ of$a~"seal at Fort Plerce ssid aoun and state.
(i~ R '
i, l_? . fILED AND
Q~l~;a~ ~t~T~~~'---""`~1~Totary Public, and for State and County aforesaid.
` 'n My Commiuion ~pi~es: ~~ry Publlc, lta1~ of !lorida at Lsrse ~i
lll~f~"~ D~ 3•~ My Commission Expittc Aug. 6, 1967
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t ~ ..Ec~~pR ~CO~ qg~IBIF•~ eo~a.a e~? x~.~, s~,~.~ co. oi N. Y.
~ 1~`~.':. , _ _ . ri_FlIK
~ it:; : ~ , :,.i .%;:-i Y.
~T. LU~~~- ,
Fir~t FederaRSav ngT& Loan Assn• rL0R1D•+ o ~
of Fort Pierce~ florida Y eo0K~43 ~~'1 . ~
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