HomeMy WebLinkAbout1034 1. Te plac~ ~nd oontiewou~ly ka~ep on ~Ai bai.~ngs now w hwwf~K ~rw» on said I~nd M?d aw ~11 equip~l ~nd pK~a+~lb oov~~d w~ ww~~R
~g~. wi~h dl pa~+ivmt Mw~~en pud M iull fue inswanc~ in ~M ~+wal s~~~da.d policy fo~ iw ~ swR ~pr~~r+d bY 1M MORTGAiGE4 ~ wY1dYa~t
~nsww~or iw tM uswl ~andud poUcY fam, a• uxn spprovrd by tM MQRiSiAGfE. b~ wd? oon~P+^Y O~ oompMi~ M tM• MQtTG+1~jEir~wN+
d~rrctj and' all fin ~+d w:ndsarn+ i~qw~na pol.cias on anY oi ta~d bwWi~p~. +iW {nNrpt Ihatawt w p~rt tMrw1. b t!+~ ~yp*s9iN w~~10frMb M
tn~ ~nea ~A~NOf. sMll oont~n ~M usLal s~and+rd inor~9.~ga+ clause or wcA alw c:ws~ at ~1N MarqpM ma?? nqwr~ wwki^Y tM i~ •urd~,Ni~,rdh
ck~, eich lrid NraS?:'WYabl~ lo taid-~fORTC~AGEE as its inte/s:t may appta/. ~nd tatA w~d ~wry wd~ pofiep aAM~ 0~ P~1? aa'YMd ~+d=ddirepd.M
•ny M~d by wrd MORTGnGEE as [w~h.r sec,,.~~y ~o sa~d mo.ey,g. deW..nd, n~ fsss ihan ~a+ d.ys in advawa. d Nw s-.pi?•a4n ol ~ad?~oliorr~~,~
ti.rr.b s+id MORTCtAGEE a rseewal the+w(, tvpe~M~ wirh + rec~~pt ta the pram'wa+ of wcl~ rt~tw~l~ and th~ sMll b~ no fir~ w wir~dstonw imu~ano~
pleceu on.a~y pf, wd ~ild~rgs, ~eyr in~aat tla.~~ w par~ thxeof, ~nku in tM form and with tM luss payabN a ~for~s+idj and in tl~ ~vu~t~aM? sww
of rnon~Y beco~n~s paYatile w+der iuch policy a pol~ties said INORTGAGEE shall Fww th~ option w~eiw and ~pply tM ianN on acaounl oi IhY h~bN~
ness ie#Ur~d•K~itby Or b permil s~id 1NORTGAGORS to ~eceive u+d us~ i~ or any part thereoi fw aher pwposes, wirhout therei.~ waivirg w imp+iF
~~+y anY eV~nY.~liin ~~ht undrr or by virrw of this mors9a9e: and in ~M ~wn~ sa~d N10RTGAGORS shill fa ~ny e~+wn fall 1o IcMp tb~ aNi~y~+ii~~w
~nnur~d, or f}i! w d~tivu prQmpUy any pf sa+d polKies of inwranc~ ro said MORTWIGEE. a tail pranpty w p~r lvlh +n11 p~~miwn thae~ a~? +^Y
respep lail M:~arfwm. dwcb+~90. efftd. wmple~s. complY wi~h ud obid~ by this oovsn+n~. o~ aM? p+rt I+a~of, safd MORiGAGEE nwy $Ja~
par ta ~,d~ ~.~c. a.•nr r~.~n.r~of w~thout Mcaivirq ar ~ff~ctinp +^Y cW~a~. li~n, sav~h?. w ~ipht wida a by virtw oP thi~ Mat~~. ~and E
fuii aa~o~nt ot ~scl? and ~wry sixl? p~ymen.t ihall be irn~ed"uMly dut and pivabN and shall b~u &~terW kcyn th~ daN Itwaof wNil paid p q bl
~~~e per o~r?wm:p~t ~rrwm and toge~her with such puerast shalf be srcvred by ths Iwn of this morp~pw ~ ;
To ~rhit, aonrnit or suffer no wu~e, irrpalrment w deterioratan of s~:a properry o? anp part tMrwf.
S. To Qsy all and airgul+r the'costs. chuges and expensea, inclvdinp • rea~bls attaeay's fK and ooari of aban~tri of Ht1~ irKV?r~d w P~ld at
any time by seid A~IpRTGAGEE, because or in the eveM af ~he failvre on ~h~ part of ~M sad INORTGJ1Cs4R, b dul~?. powipNy +nd folh? P~~
ex~ute. ~rftff: kbrM~SR?D,•coi+hply with a+d ab:de by each a~d every tM stGpulations. ~9~eeme^~s. conditiorr. and ooti+Mnt~ of s~id promi~wrY•~oM ~eNi'thy
.rorrgags any ar s~the~. and said coiH,. chuges and eapenses, eacA ~nd every. shali b~ irerned~atety due ~nd p~y~bl~s whttlw~ w tat tM?~ b~ tatia d~
mand, attempt to collect a wit pend~ng: ~nd iM tull anw~,nt of each u+d eve.y wch p+~yme~u s~+atl bear int~t fran th~ d+t~ ~Mr~of uetil p~fd N th~ -
~~re oE nine pe~ centum per ~~wwm; ar+d all said sosr:. chacges and expenses incwred a paid, togetMr with wth inta~aL sh+U b~ wew~d by tl» IiM~ oi ~hw
-
mortgsqt. ' '
6. TMt in the event ~f any beach of this Nlortgage or defwlt on the part of ths MORTGAGOR, or (b) in tM ~wnt oi satd ~u~ of mo~ey
herein r~ferred to be ~wt pranpdy aod fully paid w:~hin ahirty (307 days nexl af1e~ tht sart~e se~Nalty bKOrn~ du~ ~nd payaW~. without d~msnd O~ +~otit~,
or (c) in the evtnt each and every Iha stiputations„ agreements. co~d~tions arwl coveeann of ss:d prorreissory nof. and th:s mortpp~ M~y a~lThw u~ n01 ,
iuly, prompNy and fully performe~, d~sch~rged. executed. effected, canpleted, comp!ied with and ati~ded ~iy. Iha • in ~itMt or aey ~uth~~vl~M~IMr s+id ~P
greqate s•.?m mentioned ir~ said promissory note then remaini~g unpaid, with interest ~caued, and all rtqntys sa wt~.hanby. sh~U b~oo~M~du~~pd~~p~ ~
ab!e fo~thw~th, q fF1lfNfiN. at the opt~en of said A10RTGAGEE, as fully and tompkts~y as if all of tht qid suer of momy v+~M wipin~~ly stipu4ftd
ro Fx pa~d on such day. ar.ytNng in sa:d prom;uory note or in this Nbrtgage to th~ comrary notwi~hsqndinps and tMr~upa~ a thu~aftM ~t th~ option of
sa;d MORTGAGEE, v?ithout notke or demand, wit st law o~ in eqvity, therc(we or tFwreafter bepun, inay bt p~osecvted a if all montyt i~wnd lar~t
had matured pr-qr fp its inslitution. ~
7. 7Mr in the event ~hu at ~he begtnning of or at a~y t~me pendinp sey wit upon this Matya~, o~ to fonelw~ N, w w nform B, w to Mfwq
p~yment ot any daims hereunder, said NK?RTGAGEE sF+all apply ro the Court F»viny jwisd~e*ion the~wf for tM appointmrnt of ~ R~e~1vw, wcA Caxt sMll
fc:~h.virh appoint s receiver of sai~ mwtgaged property all snd singul~r, includ~ng atl a~d siogul~r tM inoan~, po(its, iswM and rev~nwf from wMtw~t
s~~~cr d~rived, exh and e.-ery of wi,~ch, it be~ng expreuly understood, ia hereby mortgaged u if spetificslly Nt forth uid d~wibd In thi yqntinp and
habendum clavses hereof, and such Receiver shall have all fhe b~oad and effective fw~cr~pn s~+d powers Li anywis~ entrusted by ~ Cowt fp a R~otiwr, u~d
s~ch appointment shall be made by such ~ourt u an admitted eqvity and ~ matta of absolute ripht to Mid MORTW1CaEE. and without nfen~ W fl+~
adeq~acy or inadequscy of the valve of ~he p.ope~ry mo.rgaged or to the sotvency w insolvency of said MORTGAGOR w the def~nd~nM, and ~hat weh
re~n, profits, :ncome, issuea and ~evenues shall be applied by such Receive~ according to tM (ien or puity of ~aid MORTGAGEE and the pradip of aKh
Court,
8. To duty, promptly and fully pe~form, dixharge, execute, effect, complete, comp.'y with and sbid~ by wch ~nd ewry th~ atlpubtiotu. apt~NrNnt~.
condiNorn and covenants in sa~d prom'r.:.ory note and thia mortgage set forth. '
9. Thst in the event the ow~+ersh.ip of the mortgaged premises, w any put thereof, bec~anes wsNd in • pKwn otha Nwn th~ MOiCTGAGOR tFr
1..ORTGAGEE, its successon and auigns, may, wi~hout norice fo the N10RTGAOR, desl with such svcc~ssor a ~uoaa~or in ima~st with nfK~rw ro thb
~o-rgage and the debt hereby secv~ed in the same manner as wnh Mwtgagw without in ~ny way vitiatbg or d'aclwryag tM Mott~apot~' Ii~b11Ny ~rr~
~~der or upon the debt he~eby secured. No ute oE the Franises hcreby m«rgaged and ~+o fabeawno~ on ~ia put of th~ MORTGACsEE w iq aiooawn
or ~ss~gns and no eztecslon of ~he time for ~he paymcnt of the debt hereby sccured yiven by the MORiGAGEE w its s~cqafot~ or astipM, ~fiall op~rat~
ro release, d"~scharge, modify change o~ affect ~he original Gab:+~ty of the MORTGAGOR her~in, ~ither in wlwh w ln put.
10. It is sprNf2calty agreed that time is of the euence of this contract ~nd ~hat no w~iver ot any oblipation htrwnder or of fh~ oWip~ti0n ar
c~red hereby shall at any time thereaher be F~eld to be a waiver of tl+e tenm hereoi a of tl~e instrurtrcnt setund Mrby.
11. tn aclditio:? to the Iwego:rg monthty payments of princ'pal a~d intnest reqvired by tM promiswry no~s tecured hereby, mortp~got oovrn+nM
3n~ agrees to pay to mottgagee with each monthly payrnent an add~tional sum estimated by nwrlgagee fo b~ eqwl 10 1~12 of tlw amw~l COtf O# f1M fOlbw-
in3: _
A-Atl _real ptoperty ta:es levied d assessed againsr thc above desaibed resl estate.
B-Premiums on_fire and windstorm insurar.ce as herein requ:red to be curied on ths imprw~ts s+hratt at th! ~bOV~ d~ftt'b!d p?MniMS. ~
C-Premiums fln suth mortgaye guaranty insurar.ce as mortgsgee shall from t~me ro time ~m fit to cs?ry on the ban letursd lrr~by.
Mortgagee shall from time to t~me notify mortgagor 7n writ~ng of the amount due and payable Atrew~der and suth suin sh~ll therwpon b~ dtN and _
i ~.=yable on the dve ciate of the ne:s me;_~th!y payment and ea~h successive month thereafter ur.til mortgsgt~ sh+ll notify morfgapw of a~,jn yuth i
~ a~,o~nt. Such sums slnall be app4ed mortga~ee toward the payment of real property ta:es, i~swance prem:ums, and mottpap~ , Pie?p~ ~~iif~
~ e•emiumt. ~ i, _
ti) ~ •
IN WITNESS WHE , the said MORTGAGOR has hereumo xt his han~ and sea~ the day ~nd ytat fint afaqaid. 1' G:
• ~ v•=y
sNi~a ~ of: IS N3TRIIC IO ~ R~4
" By = .
11 d
~ _
Atte ~ Y ~ • -
renk in A. ~~s re
. _ • ~ -
- 1
- - - - - - - - - - - - - - - . - .
STATE OF fLOR1DA COUNTY OF ST. UICIE
I HEREBY CERTIFY, That on this a~ ~ day of November , A.D. 19.b,(~_,
before me persor.ally apPeared William W. Harris a~ Frsnklin A_ Harris ~
respectively President and Seuetary of ,
~ HARRIS CONSTRUCTION CORPORATION , a Florida Corporation, to me ~
~
known to_be.t~e,peis0~ns d~uibed in and who ex~vt~ the foregoing instrument, and severally acknowledged the exe
~ cutiQn;,~tbr_e~t.tk_6~;fh~ir free act and deed as such offiaers for the uses and purposes therein mentioned; and that they
~ af{ixe2l~the;etp the'o~jci~t-stal of said aorporation, anci the said instrument is the ad and deed of said wrporation. ~
: : r~ ; . , • : _ - ~
WI7NESS mY ~+nd ani~ off~aai seal at Fort Pierce , said aoun nd stais.
- ~ ^ tl E'. ti~f
, ' =
~ p RECOROED ~tary Public, i nd for State and County aforesaid.
-•.~~r=,. FlLEA AN fLA~ My Commiuion ~pir
- ~OUNTY.
ST.F~eOop ~'ER~f1E0 ~lotary PuDllc. !lata d lbride at Grge
My Cammission Expir~s Aug. 6, 3067.
- _ ~~n1~ Bonded ey /?m~rican Swecy co. o~ h. Y~
- - ~0~' ~ p~ 4i : s~ i
~ _ t. . ~
, - r ~ :a;T ~URT 400!(1~9~ 43~
~ • ~
. ~ °,~`,?acui7 ~ ~ ~ - ,
_ ~
~ -
_ i-.F%~`~ . j _ _ - _ _
#J. _
. . ~ - . . . aa