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HomeMy WebLinkAbout0362 3. To place and conlinuously keep on the bui'.dings now or he~eafter iituate on said land and on atl equipmem and personafly covered by this matg- egs, with all premiums therc~ pa~d in full, fire insurance in the usuat s~andard policy fp~m, in s sum approved by Ihe MORtGAGEE, and windstorm inw~snce in 1he us~al uandard poGCy (o~m, in a sum spproved by the MORTGAGEE, in such company o~ campanies as thQ MORTGAGEE may direc~; and all firs and w~ndstorm insuronce policies on sny of said bvild~nga: any intere~t ~he~ein or part thereof, in ~he aggregate sum aforesaid or In excess ~hereof, t~all conea~n the usua! standard ma~gagee dause or such other clause •s the Mortgagee may require, making ~he loss under sa~d poli- dcs, each and every, payable to sa~d MORTGAGEE as ~ts intrre~l may appear, and each and eve~y such po~~cy shall be p~omp~ly a~s.gned a~,d detivered ro any held by sa~d MORTGAG:E as fur}:ar security to said mo~tgage deb~, and, nat less than ?en (10) dsys in advance of the expirat~on of each pol~cy, to da ~ t~ver to sa~d MORTGAGEE a renewal ~hereof, toge?her with a receipl (or the premium oi such renewal; and there shall be no f~re or w~ndsto~m i~surance - placed on a~y of sa;d buildings, any interest there~n w part thereo(, unless in the form and with the loss payabte as a(aresaid; and in the event any 3::m of money becamp payable unde~ such policy or pol~cies said MORTGAGEE shall have ~he opGOn to receive and apply the ume oo accou~~~ of the indebted- ness secur~d hereby w?o permit sa~d MORTGAGORS Io receive and us0 it w any parl the:eof tor other purF~airs, v.;thoot th~~.u; .va~~i,3 ,:r nnpair• ing any equity, ticn o~ right under w by virtue of this mo: tgaqe; and in the eve~t aa~d MORiGAGORS shall for any reason fai) to keep the satd premisrs so insured, o~ fuil fo drliver prompdy any of said policiea of insurante to sa~d MORiGAGEE, w fait promptly to pay fulty any premium Ihcrelor o~ in any : respat fail to perform, discharge, executt, effect, complete, comply with and abide by this covenant, or any part hereol, sa;d MGRiGAGfE may ptace ano pay (or such insurance or any part thertof without waiving w affecti~ any option, lien, equity, or righ~ unde~ w by virtue oF this h1«tgage, and the fvll amount of each and every such payment ahall be immediately due and payable and shall bear interesl from the date thereof un~il paid at the ~ate of nine per centum per annum and to3ethe~ wirh such interest shall be srcured by the lien of this mortgage. 1. To ptrmit, tommit or suffer no waste, impairment a deterioration of said property o? any part thereof. 5. 1o pay all and singular the costs, charges and expenses, including a reasonable attorney's fee and costs of abstracts of t~tle, incuned or pa~d at any time by said MORiGAGEE, because ot in the event of the failure o~ the part of the said MORTGAGOR to duty, pro+nptty and fully perform, •d~s<ha~ge. execvte, etfect, cemptete, comply w~th and ab:de by each and every the stipu~at~ons, agreements, cond~tions, and covenants of said pro~nissory note and this mortgage any or e~ther,.and sa:d costs, charges and expenses, each and every, shall be immediately due and payab7e; wt~ther or nof there be not~ce da mand, attempl to cotletl w suit pending; and the full amouN oi each and every :uch paymero shal! bear interesl from 1he date thereof until paid at the F rate oi nine per centum ~r ann~~r, a~d all said costs, cha~ges and expenses incurred or paid, together w~th such interest, shall be secured by the lien of this mortgage. ~ b. That (s) in the event of any breach of thia Mortgage w default on tF~ part of the MORTGAGOR, or ib) in ~he evenf any ot sa;d sums of money he~ein ?elerred ?o be not ran tl artd f~ll aid within tnirt i30) da s next aiter the same stvera:l become due and ~ P P Y Y p y Y Y payable, withou~ dema:~d or notice, o~ (c) in 1he event each and every ~he stipulations, agreements, conditions and covenants of sa,d promisaory note and th~s mortgage any or eirher are no1 iuly, prompdy and futty performed, d~scharged, executed, effected, completed, cumplied with and ab~ded Sy, then in e~ther w any such eveM the said ag• ~ remainin u id with inte~est accrued, and atI moneys secured hereby, shall become due and pay- ~ able forthwith, or tFwreafter, at the option of said MORTGAGfE, as fuliy and completely as i a o t~r sa, s~ms o money were or~g~na y ~pu e ro be pa~d on such day, anyth~ng in sa:d prom~swry note or in this M«tgage to the contrary notwithstandi~~g; and ihereupoh or 1Fxrcafier a~ The opt~on of sa;tf MORTGAGEE, w~tho~t notice or demand, suit at law or in equity, therefore w thereatrer begun, may be prosecuted at if aH moneys secured hereby had matured pnor to ds irtsritution. 7. Iha~ in the event that at ~he beginning of or at any time pendirg any suif upon this Mortgage, or to fweclose it, or to reform it, or to enforce payment of any claims he~eu~der, said MORTGAGEE shalt appty to the Court having jurisd~ction thereot for the appo~ntment of a Receiver, such Court shall (orthwith appoint a recei.er of said morfgaged prooerry all and singular, i~cludmg all and singular the income, profits, issves artd revenues from whatever source derived, each and every of wh~ch, it being expressty understood, is hereby mo~tgaged as i( speuf~ca~ly set forth and described ir. the granting and ~ habendum cla~ses hereof, and such Receiver sfwl~ have aSl the broad and effective funcnons and powe~s in anyw;se entrusted by a Cou~t to a Receiver, and g such appointment shail be made by svch Cou~t as an admitted equity and a matter of abwlute right to said MORTGAGEE, and wishout reference to the # adequacy or inadequacy of the vafue of the property mwtgaged or to the sotvency or insolvency oi ssid MORiGAGOR or the defendants, and that such ` i rems, profits, income, issues and revenues shal! be applied by such Reteiver according :o the lien w equity of said MOR7GAGEE and the practice of such 3 Coun. i 8. To duty, promptly a~d fully perform, discharge, eaecute, effect, mmplete, comply with and abide by each and every the st~putations, agreements, ~ conditions and covenants ~n sa~d promissory note and this mortgage set fwth. 9_ That in the evertt tiee ownersF~ip ol the mortgaged premises, w any part thereof, becomes vested in a perwn other than the MORTGAGOR, the MORTGAGEE, its successws and assigns, may, without notice to the MORTGAOR, deal wi:h such successa or successo~ in interesi with reference to this mwtgage and the debt hereby secured in thr same manner as wirh htortgagor w;rhout in any way viJiating or d;xhargi~g the Mortgagors' liability herr unde? or upon the debt hereby secured. No sale of the premisea hereby mo~tgaged and no (orbearance on the part oi the /~10ATGAGEE or its suctessors or assigns and no extens~oo of the time for the paymeM of the debt hereby secured g~ven by the MORTGAGEf or its successors or ass;gns, aha11 ppera?e ro release, d:scharge, mod;fy change or affect the original liab~f~ty of the MORTGAGOR herein, eitFxr in whole or in part. " 10. It is speufically agreed that time is of the esunce of this contract and that no waiver of any ob~~gation hereunder o? ~~}}~l;t~?jp~]ion s~ . curcd hereby shall at any time thereafier be hefd to be a waiver of the terms hereof w of the instrumem secured herby. ~s -:•,'j.•~~ , ~ ~ t ' f 11. In a3d~fioa to.the forego:ng monthly paymems of princ"pal and i~terest required by the prom~ssery note secvred herP~ , lrqtfyagd?•~ov~'naiflj and agrees to pay to mortgagee with each mon~hty pay.nem an add~~ional sum esnmated by mortgagee to be equai )0 1, 12 of ehe~yl~a1 tosjbf the follOw ~ ing: • . . ~ A-All real property taaes levied or assessed against the above described reai estate. • - - ' • „ - • _ B-Prert:~vms o~ fire and windstorm insurar.ce as herein rcqu~~ed to be carried on the improvements s~tuate on the above.aetuibet~prer~y~es. ~ C-Premiums on such morrgage guaranty insurar,ce as mortgagee shall from t~me to time deem fit to carry on the loan sequred het~by.~ = ~ Mortgagee sha~i from t~me to time not~fy mortgagor in writ~ng oi the ahAt~nt due ynd paNble hereunder and such sum a?~d11~11~er~-~~pe~na~ ~ payable on the due oate of the next month!y payment and each successive month thereafter urtil mortgagte shal! nof,fy mortgagor~of•L,~F~aqg! in s~th amount. S~ch sums sFa.i be applied by mortgagee toward 1he payment of real properry taxes, insurance prem:ums, and mwtgaye ~varanfy insutance premiums_ IN Y1ITNESS WHERc'Of, the said MORTGAGOR has hereuntq~set;hj~h~~ ^~~aE~e da and esr firs• aioreuid. ' Signed, Sealed and delivered in the presence of: F'~.Eu f~~ f~ ,~-v ~R~S O~NSTkUCTION OORp~ORATION . - . t.'.~ r ! r i, li ~ , ~ ~ ~ B~ . ~ ' ' ~ an + St)20 W~ rI ~fl an i ,1-~ Atte t < < _ _ , . c~ n ' 't ~ . , ec e ~~'ao : ~ ` J • ~ _ _ `~~~E`1~g~lC~ " ~ , STATE OF FLORIDA ~~C(~?~i~ T~',~~' ~~~~~j i HEREBY CERTIfY, That an this ~th da of - 70 ~ Y - , A.D. 19 , ~ before me personally appeared Wi1liant W. Harris and Fr~lin A. Hazris respectively President and Secretary , of NARRIS OONSTRLJCTION OORP~URATION ~ a Flotida Corporation, to me known to be the persons desccibed in and who executed the foregoing instrument, and severatty 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 officia) 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 a~d state. ~ Thia instra~ent pxepared by ~ a.cc ~ Joh» W, Collins ='~Nott~ji Pu~lic, ~iri, ~ d for State and County aforesaid, ` First Federai Savings and Loan ~1y~o~mi~#on E~ires: du.~ G, iy ~i ; Association of Ror! Pierce Flori~a? - ' ~ ' j . ~ - . • _..3;, _,::t~ s ~ , oi t~o::~.a zt .a~ye n - - 11+r Ca:ar,:issi•~t Expires A:ig. 6, i971 ~ ; ~ ~ . v - ~ :-c+a a ~..aw i.~ a c~.r, c~ Checked By . E~~ • . ; ~ a tt .ti,,;~3,an''~'`t''S BOCK PJI~f ~ . , . _ _ . .