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3. To place and contimrously keep on tM buildings now a hereafter situate on said land and on all puipment and personally covered by this mortg•
age, with all premiums thereon paid in full, fin Insurance in tM uswl standard policy form, fn + sum approved by the MORTGAGEE. and windstorm
Insurance In tM uswl Nandsrd polity form, in + cam approved by tM MORTGAGEE, in such company or companies a the MORTGAGEE may
direct' +rsd +11 fire and windaWrm inswanp policies on any of said buildings, any interest therein or part thereof, in tM aggregate cam aforesaid a
In excess thereof, sMll contain the uswl standard mortgagee clwse or such other clause as the Mortgagee may rpuire, nsakirsq the loss under said pol}
ties, each and every, payable to seed MORTGAGEE as its interest may appear, aril each and every such polity shall be promptly assigned and delivered to
any IseM by said MORTGAGEE as further setssrity to said mortgage debt, and, not less than ten (10) days in advance of the expuation of each polity, to dr
liver to said MORTGAGEE a renewal thereof, together with a receipt for tM premium of such renewal; and there shall be no fire a windstorm insurance
plawd on any of said buiWir-gs, any interest therein or part thereof, unless In the_form and with the loss payable as aforesaid; and in tM event any sum
of morsey becomes payable under such policy a policies said MORTGAGEE shall haw tM option to receive and apply tM same on account of the indebted•
tease secured hereby or b permit said MORTGAGORS to teteiw end use it or any put thereof for other purposes, without thereb/ waiving or impair-
ing any equity. lien or right under or by virtw of this mortgaget and in tM event said MORTGAGORS shall for any -eason fail to keep the said premises so
insured, a fail to deliver promptly any of said policies of insw+nce to said MORTGAGEE, or fail promptly to pay fully any premium therefor a in any
respect fail b perfom4 discharge, execute, effect, complete, comply with and abide by this covenant, a any part hereof, said MORTGAGEE may plan and
pay for suds lroursnce or any part thereof without waiving or affeiling any option, lien, puny, or right undo or by virtw of this Mortgage. and the ~
full ansount of each and every such payment sMll bt immediately dw and payable and shall beer tnteresl from the data thereof until paid +i tM rate of
nips per centum per annum and together with such interest shall be secured by else lien of this mortgage.
I. To permit, commit a suffer no waste, impairment a deterioratias of said property or any part thereof. : {
S. To pay all ar-d sirgular the cosy, cisargee and expenses, including a reasonable attorney's fee and costs of abstracts of title, incurred or paid at ~~
any tune by said MORTGAGEE, because a to the event of tM failwe on the part of the said MORTGAGOR to duly, promptly and fully perform; discharge.
execute. effsil, complete, comply with and abide by each end every the stipulations, agreements, conditions, and covenants of said promissory note and this '
mortgage any or either, and said costs, charges and expenses, each end every, shall be immediately dw and payable; whether or not there be notice de•
mend, attempt to collect a wit pending; end tM full amount of each and every such payment sfiatl beer interest from the date thereof until paid +1 the ;
rate of nine per cenrum per answm; and all said costs, charges and expenses incorrect or paid, together with such interest, shall be secured by the lien of this
mortgage. 1
Q That (a) in the event of any breach of this Mortgage or default on the pert of the MORTGAGOR, or (b) in the event any of said sums of money
herein referred to be not promptly and fully paid within thirty (30) days next after the same severally become due and payable, without demand a notice,
or (~ in the event each and every the stipuktions, agreements, conditions and covenants of said promissory note and this mortgage any or either are not
iuly, promptly and fully performed, discharged, executed, effected, completed, complied with and abided by, then in either or any such event the said ag
gregate sum mentioned in said promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become dw and pay
able forthwith, a tiereafter, at the option of said MORTGAGEE, as fully and completely as if all of the said sums of money were originally stipulated
to be paid on such day, anything in said promissory note or in this Mortgage to the contrary notwithstanding; and thereupon a thereafter at the option of
said MORTGAGEE, without notice or demand, suit at law or in puny, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby
had matured prior to its institution. '
7. That in the event that et the beginning of a at any time pending any wit upon this Mortgage, or to foreclose it, or~to reform it, or to enforp
payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof for the appointment of a Receiver, such Court shall
forthwith appoint s receiver of said mortgaged protxrty all and singular, intlud~ng all and singular the income, profits, issues and'revenws from whatever a
source derived, each and every of wFiKh, it being expressly understood, is hereby mortgaged as if specifically set forth and described in the granting and I
habendum clauses hereof, and such Receiver shall haw all the broad and effective functions and powers in anywise entrusted by a Court to a Receiver, and
such appointment shall be made by such Court as an admitted puny and a matter of absolute rig6f to,satd MORTGAGEE, and without reference to the
adequacy or inadpwgr of the valor of the property mortgaged or to the solvency or insolvency of said MORTGAGOR a the defendants, and that such
rents, profits, income, issues and revenws shall be applied by such Receiver according to the Jien a puny of said MORTGAGEE and the practice of such
Court. -.
8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, i
conditions and covenants in said promissory note and this mortgage set forth.
9. That in the event the ownership of the mortgaged premises. a any part thereof, becomes vested in a person otiser tissn tine MORTGAGOR, the
MORTGAGEE, its successor and sssigru, may, without notice to the MORTGAOR, deal with such successor or successor in interest with reference to this
mortgage and the debt hereby secured in the same manner ss with Mortgagor without in any way vitiating or discharging the Mortgagors' liability Kerr
under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE a its successors
or assgns and no extens'wn of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or assigns, shall operab
to release, discharge, modify change a affect the original liability of the MORTGAGOR herein, eitlser in whok or in part.
10. It is specifically agreed that time is of tie essence of this contrail and that no waiver of any obligation hereunder a of the obligation sr
cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby.
11. In addition to the foregoing monthly payments of principal and interest rpuired by the promissory note secured hereby, mortgagor covenants
and agrees to pay to mortgagee with each monthly payment an additional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow-
ing:
A-All real property taxes kvied or assessed against tl-e above described real estate.
8-Premiums on fire and windstorm insurance as here n required to. be, carried on the improvements situate on the shove desvibed premises.
C-Premiums on such mortgage gwranty insurance as mortgagee shall from time to time deem fit to carry on the loan secured hereby.
Mortgagee shall from time to time notify mortgagor in wrkirg of the 'amount due ~and,,,payabk hereunder and such sum shall thereupon be dw and
payable on the due date of the next monthly payment and exh successive month thereafter until mortgagee shall notify mortgagor~Qf,u•dsarge in such
amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance premiums, and mortq~blgt~r~i(yf.igi~nence
premiums. :.;._.; _ ~'il•
IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand end t~-e day end year first aforesaid. ~ - ~ _ _ .
sig,>ed. sea and ed ' the presence of: FILED ANO RECORO~ A. HARRIS ODNS2Rt]CTIOiI~f : •~~ ~~ N
ST. LUCIE COUNTY. By -'" n
it rC~C ~/=Rf~IFn site i n
183284 Atte:t .,
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STATE OF FLORIDA
~ERK C1 I ~
I HEREBY CERTIFY, That on this ~9 day of Sttiptsfaber , q,p, fq 69 ,
before me personally appeared Williiii>ve W. Harris and Franklin A. Harris
respectively President and Secretary , of
HARRIS OONS?RUCTION CORPORATION a Florida, Corporation, to me
4
known to be the persons described in and who executed the foregoing instrument, and severally acknowledged the exe-
cution thereof to be their free act an~eed 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 ~ ~ said county and state.
,,
Phis instrutant prepared by ~ - ~ .`
John We Collins ' :•, . NQtary,~.pytblit, in an for S ate and County aforesaid.
First Fed~cal Savings and Loan ~: 9 - Ct~hm{scion Expires: ,~ 6~ /y 7 /
Association o! Fort Piesce, Florida ~' ~ ~ ' '~_.' =
~ •` ~ ' • J .~ ` :',; ' Notary Pr16k, Stile d Ronda at t~efoe
_ ~, -,_._eJ'''~r. . ~ tGw~SSi00 Elipires itltq. O, r7
• _ ~r~~..ir.araetrocr+t.
Checked By ..,~ .... ti ; :~;:=
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