HomeMy WebLinkAbout2254 3. To p:ace and connnuous~y kcep on the b.~'d~~gs now or hereafrer s~tuate on sa~d land and on a~: eq.,~p:T~rnt a~d penonaliy ce~e~rd b,• ~h~s rnar
ege, w:tA all prem~~~,f rhercon pa,d ~n fu:i, hre ~r.s.,~ence ~n ~he us~a~ s~e~idrd po!~ci foem, in a s_m di.~l~GVCd b, the .~t ;R•,,.~v.f. a~? v.. ~dsro
msursnce in rhe vwal a~sndard pot•cY to<<n, in a s~m aNp~o.ed by ilx Mk7RTGAGEE, in wch tompany or com,an.es as nc~ ASJ~IvAGEE m
d~rrct; and all f~~e and w,ndsicrm insu~anct po:~c~es on any of ?a~d kw~!d~~gs. •ny inreres~ thr~ein or part thzreof, in the a~grega~r aw*~ aforesa~d
in excess ~herrof, iAall :omain ~ne usuai ua~~dard mo~~gegce aause or ~uch otFui c!ause as the Mo~tgagee may req~.re, mak~ng thr +oas undrr s~ d po
aes, eacA and every, pa~ab'e ro aa~d MJRTGAGEE as ~~s ~mrrrs~ may appear, •~d eecA and e.•ery such po :cy shall +x prompf~y ass gzed a~ d de•~.cred '
sny held by sa~d MORiGAGiE as fwrher iec~nty te sa~d moatgage debf, and, not ~ess ttw~ ten (l0i daYS in ad.ance oi ~he e~p~•a~~on of each po:~cy, ~o d~
lwer to v~d MORiGAGEE a renevvai thercoi, to-,~e+her wifh a rece~pt for the prern,um oi such rene+va!; and ihrre sha;i be .w f,re o~ w~~~ds~o~:n ins~~anc
plMed on ~ny of sa~d bu~!d~ngs, a~y imerest tnere~n w pa~t thereof, un.rss in ~he iorm and w~~h fhe ~oaa payabte as afo~esE~d; o~d ~n ihe e.ent er~y s~~
of money becomet payab~e under such po.~cy a poLcies Laid MOR?G~1laiE shall have ~he opron to rece~.•e and app!y the same on ac.a~:~~ of mc ~~~det;rd
ness secured her~by or to pe~mit sa~d MORTGAGOR$ to rrtrive and use n or a~v part tl:e:eui for o:ncr ~ur~ osrs. v.,~n;,,t ~h o: ~3 c'
ing any equ~ty, I~en or ~~9ht ~ndrr or by vutue of th~s mc~t~age; •nd in the eveN sa:d MORTGAGORS shall fo~ any reason fa~t to krep the sa~d prem~srs so
msured, w fa~l to de~~Yer promptly any of sa~d po~~c~zs o1 ~nsurance to sa~d MOR7GAGEE, or ia~: prompr~y to pay fu;:y any p~e r.~,;m inerefor or in a~y
r~_; ect fail to pe.form, d:scherge, execute, effeU, comp:ete. coT~ply witA arid ~b~de by ~h~s covenent, a any part heceof, sa:d MORT:oAGEE may p,acr a•o
pay fw tvch insurence or any pari thereof w~t?~out waiv~ng or affea~ng any op~~on, iien, eqwty, or r~~ht under w by v~r~ue of ~h~s Morfgage, and ifia
tuti amount of each and r:ery such payment shall be immed~ateiy due and payable and shad brar interest trom tha date thereof uniil p~~d ai the rate o1
~~ne per ce~rum per ar.num and ~o3ethri with s~ch ~nterest shat. be srcured by the lien O~ thif mortgage.
1. To permit, commit or suf4er no waste, impairment or detrr~orat;on of sa~d property w any part thereof.
S. To pey a~l and singu~a~ the coats, chargea and exprnses, ~nc~ud~ng a reasonabie atforney's fee and cosTS of abstracts of t~tie, incu~red or pa~d ai
~,r ~~me by sa~d MORTGAG~E, becsuse o~ in ~he eYe~t of ihe fa:~ure on th= part of the said MORTGAGOR to d~1y, p+o:~~ptiy a~d fu~ly pe~form, dacharge
exec~te, efitU, compiete, comply wrth and ab.de by each and every the s!~pular,ons, aqreements, co~d~t~ons, and covenants of sa,d p~am;ssory note a~~d rh;•
,~ongage any or e~~her, a~d sa~d cosn, chargos and eapenses, each and eve+y, shall be ;mmed~atety due and payab:e; whether or ~ot Thrre be ~ot~ce ~a
~~and, attempf to coilea or suit pend.ng; and fhe f~ll amount of ench and e~ery such payment shaif bear imeres~ from ihe date thereot unril pa~d at tne
;+e o~ n~ne per cer.;~~: per a~,n~ o; a~c al~ said :os+s, cha~ges a~d e:ptnses ~ncurred w paid, together w~th such iroe~est, shall be securrd by the I~en of tha
mor~yage.
6. Th+t !s) in the event of any breach of this Mortgage or defauft on the part of the MORTGAGOR, or ;b) in the event any of sa:d suma of money
Perein referred to be not pron:ptly and fully pa~d wnh~n th,rty ~301 days nexf a'~er ~he seme se.era:~y become due and payaWe, W~~f10J1 demand or ne~~cr,
~r ~c) in the event each and every the :tipulat~ons, agreements, cond~f~ons and co.enanrs of sa d p~omissory note ard ~h.s mortgage a~y or either aro not
i.:!y, promprly and fu~1y performed, a~ scha~ged, execu~ed, effected, comp(eted, co.Tp;~ed wrtfi and ab,ded by, ~hen i~ e:ther w a~y such event the sa~d ag
a•egate sum memioned in sa~d p.om~ssory note then remai~~ng unpa~d, w~rh ~nterest accrued, and a~i moneys secured hereby, sha~l become due and pay-
e~ e forthwith, or thereairer, at the opr~on o4 sa~d b10RiGAGE~, as fuiiy a~d comp:e~e!y as ii alI of the sa~d s~ms of mo~ey we~e o~~g~nally st,p~;ated
~o be pa~d on such dey. an~thing m sa d p.o:msswy note or in th~s Mor~gage to the con~rary nor.nahstand~~uu; and ~here~pon or thereaher a~ the opf~o~ of
s~ ~ MORiGAGfE, v~rthout nonce o~ demand, w~t at law or in equ~ty, ~he~efo~e or thcreafier begun, may be prosecuted as if all moneys secured hereby
r.,-d matured pnp? Io ~tS ~nst~tui~on.
7. That in the evrnt that at the begmn;ng oi or at any time F,end~ng any su~t upon this Mortgage, a ro forKlose it, or to reiwm it, o+ t~ enforce
: avment of any da~ms hereunder: sa~d MORTisr.GEE shall apply to the Ce~rt havmg ~ur~sd~a.on thereof for t~e appo~ntment of s Receiver: suth Court ihaii
~r.hvvirh appo,nt a rece~~e~ of said mo+~gaged property aL' and s~ngu:sr, inc~vd ~g alf and amg„lar ihe irttome, proi~ts, iss~es a~d reve~urs from whaieYer
s.-.,rce derived, each and every of wh:ch, ~t be~ng express'y unde~s~ood, ~s 'rereby me:igaged as ~f apec~f~caily set foreh a~d descnned in the g•anr,ng a~d
~.aoendum c:a~ses hereof, and s~ch Rece~ver s4.al~ have ait the brcad a~~d effer:ve f~-,cr e:u and powers in anyw~se ennus~rd by a Ce~rt to a Rec~~ver, a^d
s~ch appoinrmenr shali be made by svch Co~rt as an ad^~~rted eq~~ty and a me!ter of abaowre r:ght to sa~d MORiGAGEE, and v~~:hout referer,~e to the
~dAa,,~cy or inadequacy of the val~e of the property mo~tg:ged or to the sv ~e~cy or ,nso vzncr of sa~d MORTGAGOR or the detendan!s, and that such
~e~+:, profits, IMO•M, iswes and revenues shall be appi~ed Cy such Recr~ver accord:ng to the iien or eq~ity of u~d.MORTGAGEE and the prau~ce of s~ch
l.cuA.
8. To du'y, promp+':y and f~4y perfo~~n, d~scharge, exewte, effect, compiete, comp~y wrth and abide by each and evrry the st~p~iations, ag~eemems,
,~~.d~tions and covenan~s ~n sa~d promissay nore and ~h~s mortgage set forrh.
9. That in the event the OWRE.•SfliP O+ the mortgaged pren„ses, o. any part tnereof, becomes vested in a perwn other than the MORTGAGOR, the
h'~RTGAGEE, its successors and ass.gns, e+ay, w~~ho~~ nor~ce to the MpRiGAOR, dea: w~th su:h successw a successw In ~nterest wnh reference to th~s
- o•rgaqe and the dent he+eby secu.ed in the same manner as with ~d~it~ago~ w~th~v~ ~n any way v~nat;ng pr d~scharg~ng the Ihongagors' liab~i~ty hcre-
.,~der w u~ the debt hereby sewred. No sa:e of fne FreT,~ses hereby mortgaged and no forbeara~ce o~ the part ot ~he /dORTGAGEE or its successors
o• ass~gns and no eafens~on of the t~me fo+ the paymenr of the debr he.eby secured g~ven by the 1AORTGAGEE o. irs successws or ess:gns, s:~ait operate
`
+o re!eax, d~scharge, modify changr or affect the ongmal tiab:;,ty of tne h'.ORTGAGOR herein, tither in whole or in part.
10. It is spx:fica~ly ag.eed that t~me is of the essen:e of th~s contract and that no waiver of any ob:~gat~on hereunder or of the ob:igation sr
~ ;;,red hereoy aha:~ et any tirne merea*ter be heid to bP a wa~rer of the te:~r~s hereot or of the mstr~ment secured herby. _
! I1. In ad~ r:c ~ ro me ip*E c~3 ~-~or.rt,'y Fa n•em ~ p r r q ed by the PfOT SSOfY na•e sec~red he~ebr, mo~tg~~ ¢Obnanri
q v s o. nn: pa~ and interes e u~~
+•d agr~s to ~y ~o c:e-rg~gee wch each monrh y pay• e~t an aod:•~ona~ so~~ es• - o~ed b~ mo~tgagep t~ y~ eGua~ to 1, 12 of the annuat Coit O{ trie'fol(ow- °
j . , v ~ ~
; A--AII reaf property taaes tev~e~ or assessed aga+•:st tne above desc~ib-d re-al esrate. .
j B-Prem•ums on f:re ano w~r.dsro~m msurar,ce as inere~n ~eq~:red To be ca.ried c^ the 1mF+ovemenrs s:tvate on the above deu~ibed pre~oises. -
C-Prem~ums on wch mo'tyyge guar~nty ir.su.a.:ce as mo-tgagee sna~f from f ine to ?~~nc deem f~t to carry on the loan xcyred hereby. .
` Mor+gagee s~a'! f•em t,-.,e to r:me nc~~f~ mc~tya~or wnt~ng of the aTO_m d.;e and payable here~nder and such s~rn shd?i the:eupon be ~"ar~_
~ ,361e on the d.,e da•e cf The ne,t mo~th.i payTem and eoch s~ccess~+e :r.o~th rhe:eafr;r u~.tit mortgagee sha!I not:fy mortgapw of a ahange iU tv~lf
~
_ ~„nt. Such su•r.s s^a:~ !;e opp.;ed by mongagee towa•d +he pa~ment of real properry !a,ces, insurance prem.ums. a~~d mortgage yuaranty ins~ranc`e
~...+,ivms. - ~
* IN WITNESS '..HfRFOF, thc sa~d l!!ORTGAGOR has h~~~~~F~~~e~ seal the day and year first aforesaid. ~ '
iyned, Se e~d ~~e~ ~n the prexnce of: ST.IUC!C ~^..^.UNTY FLA. IS ~ S N CORA,OIZA?ION
; FOCi. = ~ ~AS By . a~~
- - , CIE~-K ~ ci;fT C~URT e z!
r - ~-G Rernr,r, y:: c•c~ (Seal)
~teSt ~ ~ ~S
Seal)
` - ~AN ~ 3 ( Q 13 AH ' ~ Z n. r s, °~~an
~
~ 2`~3~.4
~
'z ~TATE OF FtORIDA ` COLNTY QF ST. LUCIE
~ 71~
~ I HEREBY CERTIFY, That o~ this - dey of-.-_- _-'1d~1ua=y----- , A.D. 19 72 ,
F.'~
~ :,efore ~:~e personaliy appeared Hazel_ J._Hazris and __-Rranklin A. Ha]CZis _
,r ~espectively . _ Pres~dent and Secretary _A__ , of
Harris Constzuction Coz oration Florida
. - --P a-- Corporation, to me
knorvn to be the persons described in and ~~na executed the foregcing instrument, ond severally acknowledged the exe-
~~~t;on thereaf to be the~r free a-_t ar~d deed as wch off~cers for the uses and pursoses therein mentioned; and that they
; affixed thereto the officiai seal of sa~d corporatio~, and the said instrum~nt is the act and deed of said corporation.
V`JITN~~S my hand and ofricial seal at Fort Pierce , said county d state.
?his instruaent prepazed by
Wo. 8. Braun
_ Fizst Federal Savings and Loan Notary Pi,blic, i nd for State and County af9resaid.
Association of Fazt Pierce, Florida My ~~miss~on xpires: ~y G~ i~~S
. M~DTARY PUBUC STATE OF F! ORIDA AT LARGt
MY CCIMIAISSION EXPIRES AUG. 6, 1975
• - - - " - -~TaLf~fERAL INSURIICICE UNDERWRITERS. ING.
- Checked By .
EUQK ~Jp PAt~ iL~~~
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