The URL can be used to link to this page

Home My WebLink About1937 3. To plac~ and ca+tirnwusly keep on tM buildinys oow w hereafqr situat~ on said land and on ait equipmant ~nd peno~+ilY covered by thi~ mort9- ~ps, with all premiums ~hereon paid in full, fire insuranc~ in ~M usual sta~dard policy fam, in a:um approv~d by tM MORTGAGEE, and wind~tam teuvranc~ in tM uswl ~~andard po1~q form, in + ium spproved by ths MORTGAGEE, in such company or comp+ni~s as th~ MORTGAGEE may diret's and all fi~~ a~d winds~orm insura~ce policies on any of said buildinps. any interest therein w parl tF?ereof, in tM s~gregate ~um afassaid w !n ~xtsss thereof, sh+ll conlain the usual standard mortga9ee claus~ w such otha cl~uss as the Mortyagee may requir~, makirg Ihs loss undu sa~d poli~ cie~, e+ch and ~vay, payable to said MORiGAGEE ~s its interest may appear, ~nd each snd everyr :~ch policy shall be p~omµtly +ss:yned ~nd delivered ~o ~ny heW by said MORTGAGEE ~s further iecurity to said mort9age debt, and, not leu than ter? (10) days in advance of Ihe expirstion ot esch policy. to d~- IivN to ~aid MORTGAGEE a renewal thereof, topethet with a receipt fpr the premium of suth renewal; and there shall be no fire or windsto~m insurai+te pl~ted on any of said buildirgs, any intercit therei~ or part thereof, un~eu in the form and with the loss psyable as afaesaid; ~nd in the event any :um of nwney becomes payable vnde~ suth policy ot poliues said MORTGAGEE shall have the option to rece~ve and apply the same on atcount of tl~e indebted~ neu secured hereby w to ptrmil said MORTGAvORS to reteive and use it ot any part lhereof for other purposes, wiiho~t th:rib/ waivi~~g or ~mpair- ing sny equity, lien w righl under ot by virtue of this mo:lgage; ar+d in the event wid MORTGAGORS shall fa a~y reason fail to keep the said premises so (nsured, w fail to deliver promptly any of said policies of insurance to sa~d MORTGAGEE, w fail promptly to pay fully any premium therefor w in a~y respect fail 1o pe~form, discharge, e:ecute, effect, complete, comply with and ab~de by this covenan~, a any pa~t hereof, aaid MORTGAGEE may pl~;e +nd pay fw such irnurance or any pan thereof w~thout waiv~ng or affading any option. licn, equity, a right unde? or by v~rtue of ~his Mwtga9e, +nd the full amo~nt of eech ard every such payment shall be immed~ately due and payable ~nd thall bear interes~ from ths date thereof until paid at the ~ate ol nine per centum per a~num and to~e~her with such inte~est shall be secured by the lien of this motl9age. 1. To permit, tommit w suffer no waste, impairment w deteraration of said prope~ty or a~y part lhereof• 5. To pay all and singular the costs, charges and expenses, including a reasonable at~wney i fee and costs of abstracts of title, incurred or paid at any time by said MORTGAGEE, because w in ti+e event of the faiiure on the part of the :aid MORTGAGOR to duly, promptly snd fully perform, d~xharge. execute, effect, complete, comply with and ab~de by each snd every the stipulat~ons, agreements, conditions, snd covenants oi said prom~ssory note and this mortgage any or either, and iaid cosK, charges and expenses, each and every, shall be immediately d~e and psyable; whether o~ not there be nor~ce de~ mand, atterrtpt to colleci w suit pend~~g; s~d the full amouM of each and erery such paymeN shall bea~ interest i~om the date thereof until paid at the rate of nine per centum per arn~~m; and all said costs, charges and expensea incurred or paid, ~ogether with such interest, shall be setured by the lien of thu mort~a~~. 6. That (s) in the event of any breach of this Mortgage w default on the part of the MOitTGAGOR, w(b) in the event sny of ss:d sums of money herein referred to be no1 promptly and fully paid within thirty (30) days next af?er the same severally Eecome due and payable, without demand or notice, or (c) in the event each and every the stiputations, agreements, cond~tions and covenants of sa~d promisso~y note and thls mortgage any or e+ther are no1 ~uly, promptly snd iully perfamed, d~scharged, executed, eifected, completed, complied with and abided ~y, then in e~ther w any such event ths said ag gregata wm meNaned in said promisswy note then remaining unpaid, with interest accrued, and all mo~eys secured hereb~, shall become dve and psy- •ble fo~thwith, o~ thereafter, at the option of saed MORTGAGEE, as fully and comple~e~y as if ali of the said wms of money were aginally sNputated to be pald on such day, anything in sa~d prom~ssory note or in this Mortgage to the contrary notwi~hstanding; and thereupon w thereafter a~ the op~~on of said MORTGAGEE, without notice or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if sll moneys secured hereby had matured pnor to its institution. 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, o? to fo?eclose iL or to refwm it, a to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having ~urisdittion thereof for the appo~ntmenl of s Receiver, such Court shall forthwith sppoint s receiver of said mortgaged prooerty a~l and singvlar, includ~ng all and singula~ the income, prof~ts, iuues and revenues from whate~e~ wurce de~ived, each and every of wh;ch, if be~ng exp~essiy understood, is hereby mortgaged as if spec~fically ut fw~h and desuibed i~ the gra~ting and habendum tlauses hereof, and such Receiver shall have all the Ixoad and effective funct~o~s and powers in anywise entrusted by a Court to a Receiver, and such sppointment shall be made by such Court as an ad-nitted eq~ity a~d a maner of absolute right to said MORTGAGEE, and without reference to the edequacy o~ inadequacy of the value of fhe preverty mertgaged w to the sosvency or ~nsotvency of said MORTGAGOR a the deiendants, and that such rents, profits, income, issues and revenues shall be applied by such Receiver accord~ng to ~he lien or equity of said MORTGAGEE and the practice of such Cour+. 8. To duly, promp?ly and fully perform, d~scharge, execute, effect, mmplete, comply with and abide by each and every the stipulations, sgreementi, conditans and coveoants in sald promissory note and th~s mortgage set forth. 9. That in the event the ow~ership of the mortgaged premises, or any part thereof, becomes vested in • peci~ other than the MORTGAGOR, the MORTGAGEE, its successwa and ass~gns, may, without norice to ~he titiORTGAOR, deal with such succeua o~ successw in interest with reference te thi~ mo:tgage and the debt hereby setured in the ssme manner as w~th Mortgagor without in any way vitiating or d~uharging the Mortgagori liability herr under or upon the debt hereby secvred. No sale ot the premises hereby mortgaged and no fabearance o~ the pan of the MORTGAGEE o? its successws or assigns and no exre~sion of the time for the payment of the debt hereby secured given by 1fx MORTGAGE'_ or its success«s or auigrts, shall operate to release, d~scharge, mod~fy change or affect the orig~nal liab~f~ty of fhe MORiGAGOR herein, either in whole w in part. 10. N is speuf~ca:ly agreed that time is of the essence of this contrad and that no waiver of any obligat~on hereunder or of the obligstion sr tured hereby shalf at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. I1. In addnio? to tF.e fwego:ng month!y payments of princ'pal and interes! requ~red by the prom:ssory no!e secured hereby, mortgagor tovenaMs and agrees to pay to morrgagee with each month!y pay~.~ent an add~rional sum est~mared by mortgagee to be equal to 1~' 12 of tHe an~ual Sof~~~f•the fdbw- , in9: ; ' _ - . , _ ;'~i~~ A-All real property taxes ievied w assessed against the above described rea~ estate. 1'~ B-Prem~ums on fire and windstorm i~surar.ce as here~n requ:red to be carried on the ~m~rovemeats s~tuate on the above.~a~djbed•p~Ynises. ~ C-Premiums on such rrwrtgage guaranty ir.wra~~ce as mwtgagee shall from time to time deem fit to carry on the ban=seiuc~d he~,~6y y.,,~ ( Mo~tgagee sha?I from f]me to time not~iy mortgagor in wr~t~ng of the amou~t due and payable hereunder and such wra a11 therEupor~W d~, , pnd _ ~ payable on the due date of the next month!y payn:ent and each s~ccess~ve month thereaiter ~~~til mortgagee shall notify m~r~a9w of ~~h~ge ir. fuc~ amount. Such sums sFail t~e apptied by mortgagee toward the payment of real propeny taaes, i~surance prem.ums, and rqCr~g~ge ~ar3r~y uK4rance ~ premiums. t? , . IN WITNESS WNEREOF, the said MORTGAGOR has hereunt~ s~t his hand and seal the day and year first afwesaid. ~ ~ , sg"~a, s~°i~d "~d d`r~"a r~„ a°""`~ °f: FILED ANO RECORDED BHyRRI ~ST~-M-- N~ 'RA~20N ST. LUC~E COUNTY, FLA. ~n '~~r~1`~ ~Attest ,p - 180342 • ' .n - - - - - - - - - - - ~l 8"_ ~Irt 1 : 3 • - _ - - - ~ STATE OF FLORIDA ~•1~:~E~ ?SITr~~$UCIE I HEREBY CERTIFY, That on this ~~:~-ERKd~FbEUi~. r_nuaT~ July , A.D. 19 69 , before me personally appeared Williaa W. He?Zti~ and Rranklin A. Harris respectively President and Secretary , of HARRIS OONS?RUCTION O~RPORATION , a P'lozida Corporation, to me ~ , known to be the persans desuibed in and who executed the foregoing instrument, and severally acknowledged the exe- cution thereof to be their free act and deed as such officers for the uses and pursoses therein mentioned; and that they ~ affixed thereto the official seal of said corporation, and the said instrument is the act and deed of said corporation. WITNESS my hand and official seal at Fort Pierce ~sid coun and state. : , ?his instrua~nt prQparQd by John W. Collins • Not ~'Public ~.~~d for State and County aforesaid. Firat F~ra 1 Savings and Loan My ~ m~?ission~Eit,pires: . 6, Association of Fort Pierce, Flozida ~ '~o;ary PubIK, Stdte of Fforida at Larqt _ t~ty Co~~~ E~ras A~w. 6, 1911 - _ ir~~cew~i~aVr~cL~ Checked By ~ - ' _ Return To ~ First Federal Saving & Loan Assn. ~ of F«~ F~~ g~R~ 178 ~A~:1936 ~ ~ - ~ ~ ~ : ~ ~ ~ .~~___..r . _ ~ ~