HomeMy WebLinkAbout2256 3. To p~ace and coro~nua,sly keep on tne bw:d~nga ~ow o~ herraf~er s,tuare on sa~d land a~d on all eq~~p+nent and pe~sona'tv co~ecred ~+y ~h~~ mor
ege, w th •tl premiums thereon pe d~n f.::t, f~re ~~s~~eue ~n the ~sval sta~w~a~d po~~ty form, m a sum aHp~o.ed by the M1~JR J~J:C. d' Q r..~~dsro
;nsurance ~he usual tvndard pa=~cy to+m, in a sum app~oved by tht MORTGAGEE, in svch co~>>pa~y or co«.;:an.es aa the '.~OK1GAGfE m
d~red; and all fire ar,d w~nJ,+orm ins~*ance po~~ciea on any of sa~d bui~d,n9s, any interest rherein or ps~t thereof, in the agg~rga~e su~, ato~csa~d
in e:cess thereof, ihail :o~tain ihe us:,a1 standa.d moregagee uause or such o~her ciavse ~s the Alortgagee may requ:re, maA~ng rhe :osa u~~dr~ s.+~d po
c~es, eacl+ and eve~y. paya5!e to said MORTG4GEE as ~h intrrrst may appea?, and each and every tuch po~~cy ahal! be prompf;y au g~~ed a~•d dz.~.ered
any he!d by sa~d MOR1GAGfE as f~rihe~ securrty to sa~d mo~rga~e debt, and, no~ ~eu than ?en (i0) daya ~n ao.ance of ~he exp~ra~;~~~ ot eecn pu':cy, ro d~
~.ver to sa~d MORI~;,AGfE a renewaf thereof, tofle~her with a rece~pt for the przm~um oi such rcnewa'; and there shail be ~~o ~:~e o~ ~as~o•~n insuranc
p!aced on any of sa~d bv~td~ngs, a~y ~~terest thero~n a part therrof, u~~esa in ihe form a~d wnh the loss payab!e as afc~rese~d; a~d :n ~he e.ent any s~~
of mon~y ~ca~nes payable under svth poticy or poGues ss~d AICRTG:.:,EE sha{i have the opt,on to rete~ve and app!y the sa~ne or+ a.:o., ~t o1 the indabtrd
ness sewred Fx~eby or ro permit sa~d MORTvAGORS ?o receive and use it w any part the:eoi tor ofr.~~r cur: oirs. r^~.t rn,~. •3 cr ~'•.P-~'
~ng any ~qu~ty, I~en or r~gM unde~ or by virt~e of thw mor~~sge; ?nd in fhe evenr se~d MORIGAGORS sha~I for any reason fa~t fo ~~~ep fhe sa~d p~e~n~s~~a so
~nsured, o~ fait to deliver promptly any of sa~tl r.~O~K~e1 of insurarxt to sa:d MOR~GAGEE, or fa~l prompity to pay f~::y any p:r n the~ator a in a~y
re:pect fait to perform, ducha~ge, taewte, effect, comp:ete, ca~nply wiih and ab~de by th~s cove~ant, w any part hereof, sa~d MC,R7;,aG'_E ~nay p~ace a~e
pay fw such inswance or any part thrrcof w~thout waiving a affectinfl any op~~o~, tien, equ:ty, or nghi under w b~/ u:~ue of ~h~s A1or.ge~e. a~d thc
f~ll amoum of each and every such paymem shall be ~mmed~a~e(y due and payab~e and ahall bear interest from the date thercwf unt~~ pa~d a~ the rate o1
n~ne per cenr~m ptr annun and to3rsnrr with such inte:est shau be sawred by the lien of this mortgage.
To permit, comm~t o~ sufier no waste, impairment a deterwrat~on of sa~d property or any part the~eof.
5. To pay all and singu~ar the costs, charges and exper.ses, including a reasonable attorney'~ fee and costs of abstracts of t~r'e, incurred o~ paid at
any t~me by sa~d MORTGAG'E, because a in the event of the ia~iure on the par~ of ~he sa~d MORTGAGOR to duly, promptly a~d fu:iy perf~m, d~scnar9e
>~rc~te, effea, comp;ere, comply w~th and ab.de by each and every the st~pv+ar~ons, agreeme~is, condi: ov, and co.r->~+s of sa~d pro~n,;aory nere ar.d ~hls
?,orrgage any or e~iher, and sa:d cosrs, chargrs and e,epenses, each snd every, shull be immed~ately due and payable; whether or not the:e be nor~ce d~
~,and, attempt to co:iect or wit pend~ng; and the full arrw~um of each and evEry svch paymem thali bea. interest from the date thereof u~t~l pa~d at the
~~c o~ n~ne per centum per an:~o.~n; znc ati sa~d costs, cha:ges and Ex':2i1S°S ~~cu:red p paid, fogether w th such interesL shall be securrd by the I~en of th~i
mortpage_
6. That (a} in the event of any breach of this Mo:tgage or default on the part of the MORTGAGOR, or ;b) the event any of sa d aums of money
~ere~n ~eferred to be not pro~.priy and fu1ly pa~d w~~h~n th:ny ~30) days next a~ter t!~e same severa'ty become due and payable, wi~ho~~ demand or nct~ce.
o~ ic) in thr e+em each and evvy ihe stip~tanons, a9recments, cond~t~o~s a~d co~enanrs of sa d promiswry nofe and th,s rrurtgage any or ei~her are not
~,,Iy, promptly and tu~ly performed, dscha:g?d, e~etuted, eifected, completed. comp:ied wirh and a5~ded 5y, then in e~tAer or any such event the sa~d ag
3•egare svm mem~orxd n sa~d prom~ssory note then rema~n~ng unpa~d, with interest acuued, and a:1 mcneys sec~red hereby, shati becomr d~e and pay-
e~.e forthwirh, or thereaf+er, at the op~~on of sa~d M0~2SGAGEE, as fuily and complete~y as ii ail of the sa~d ivms of money were or~g~natty st,p,,;ated
c be pa:d on such d~y, anyih~ng in sa o pro.^.+ssery note or in fhls Mortgage to the conriary noTw~~hsta~d:ng; and thereupon or thereafrer a~ the op~~on of
s-.d MORTGAGEE, v~~fhout no~~ce o. demand, su~t at law or in equrty, therefore or thereafier begun, may be prosecutcd as if all moneya sewred hereby
c_d matured pnor to rts mstitunon.
7. Ihat in the event that a~ the beginn;ng of or at any time pend~ng any su:t upon this Mortgage, w to foreclose it, or to reform it, or to enforce
:.a~mem of any cialms hereunder, said MORTGAGEE sha~i apply to the Court having iu~~sd~ct:on the~eof for the appo~ntment of a Rece~ver, svch Coun shail
r- •rhnrith appomt a receiver of sa~d mortgaged property ail and s~~g~~ar, inci~d ng a~l and sinqu~ar the income, profits, issuts and ~evenues fran whar~ver
sc .,rce derived. each ane+ every of wh:cfi, it be~r,g express?y undaritood, ~s here'oy mo~tgaged as ~f spec~f~ca4ly set forth and described in 1he g~anr~:~g and
r,benoum cia~ses herev~f, and s~ch Rece~ver shaii have a+l the b*oad ar,d efTecnve funr. ons and po.~ers in anyw~se emrusted by a Court to a Recriver, a~~d
s_;h appoin!ment shatl be made by such Co.,•t as an ad~.~tted equ~ty and a mane~ oi abso~ute r~g1,~ to safd MORTGAGEE, and v.~fhcut referenie to the
naequacy or inadrquacy of ihe value of thr p~operry mo•tgaged or to rhe savency or ~nsc.Vency o1 sa~d MOR7GAGOR o~ the defe~~oanfs, artd that s~ch
c•~ts, profits, inco.ne, issues and revenues sha~f be appi~ed by such Rece~ver atcord,ng fo the lien w eq:,ity o1 said MORiGAGEE and the pract~ce of wch
Court.
B. To duly, prompt:y and fu!ly periorm, discharge, execure, effect, comp!ete, comply va~th and abide by each and every the stipuiations, agreements,
:~nd~t~ons and coversar.ts m sa~d pro~nissory no!e and th:s mongage set forth.
9. That in the e~ent the ownersh;p of the mortgaged prem,ses, or any part tnereof, becomes ve:ted in a person other than tF.e MORTGAGOR, the
:"?RTGAGEE, its s~ccessors and asa!gns, may, w~~hout nos~ce to the 'dORTGApR, dea: w:th such successw or successor ~n mteres± w~~h refErer.ce to th~s
c•+gnge and ~he deo~ hereby secured in the same manner as w~~h Mor:gagor v.~rthout in any way vit~ating o~ d~scharg~ng the Mo:tgagors' Iiab~Iity here-
:.nder or uFwn the deot hereby secured. No sale of the p*em~ses hereby me~tg~ged ar.d no forbearan~e on the pan of the /dORTGAGEE or its successors
c~ a:s~g~s and no eate~s~on of rhe t;~e for the paymem of tne deb+ he.eby secured 9~ven by ~he IhORiGAGEE or its successors or ass:gns, ahali operate
~o re~ease, d:scharge. mod~fy change or afiect thc or~g~nal 7iab,;ny of ine MORTGAGOR here~n, either in whole or in part.
~ 10. It is soerf;cai~y agreed tha+ t~me is of the esser.ce ef ~h~s contrac~ and that no waiver of any ob';gat~on hereunder w of 1he obligation se-
::~ed hereby shali a+ any time therea'~er be he'd to be a wa~.er cf the tums hereo~ a of the instrumem secured herby.
11. In aad i.c~ to rt.e toregc n9 .r.on!h'y paym=ntS of princ pai and infe-es' reqwred by the prom sscry no•e secured herebi, mortpdpaf'[b'venants
' a- d agr~s to ~ay ro r^c-tgagee v.~th each rt,cmh'y ~a~~ ~ent an ad~.~~ona( sum es~ ^ ared by mortgagee to be equal to 1 12 of the artrudl cqit~f the^fo~lOw-
~ ~ . • ' ~ I
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~ A-Atl real properry faaes 1ev~ed or assessed aga~~st fhc above described rea~ es'ate. . ~
~ B-Pram~ums on f~re a~d vvindsrorm ~nwrarce as here:n req~,red to be carned en the imp+evements s~t~ate on thr above~estri~ed prem:ses_-'
4 C-Premivms on svch mortgage guarar.ty ir.sura~.ce as mo+rga~ee shaJ from t me to tnne deem fit to carry on the loan }ecured ~eby. J
s
Mortgagee sh,'I from fiT,e to t;-ne nc+'rf; mcrryagor m writing of the amoo~t doe and payable he~eundrr and s~ch svm shaH thl~eupon be doe and
; r.able on fhe due da!e ef rhe n~.t monrh y p,yT.ent and each succezs~ve ~romh rhereafr~. ur,fil mortgagee sha!I ~o:~fy martgagor of s change ia wch
' - ount. Such sums s~a i be app ied by morTgagee ~o..ard the payment of rea! properry taxes, insurance prem:ums, a;id morteage guaranly ins~rance
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' ;~~~emiums.
- IN ~~fTNESS VVHEREO~, the sa~d MORTGAGCR has hereyp tp 3 ?µs.}~~~{~osea! the day and year fi~st a4oresaid.
_ igned, Seai and de' ed in the prese~ce of: r"[U~yJ s~ ~ S~ 5 UC ~RPORATION
~ ST.l1iCiE CUUMTY FlA_
~ R~Gi~ - :~'RRS By al)
" ~ CLFRr. C+':_~T C9 ~ T e r ~ Z6s e[it ~~ai~
R[C~-i YF -
= ' ea t ~
~ Ju~ i3 IU i3 AH'7Z n r" s, ~=e ~~a~~
;
~ -
~ ~2~ 2S
~ ~?A7E CF FLORiDA COUNTY OF ST. LUCIE
~ ~
~ I NEREBY CERTIFY, That on th~s ~ day of____ `J~u~y _ , A.D. 19 72 ,
Harris Fzanklin A. Harris
_ ;;:.:fore me personaliy appeared - ~zel .1._ and
" President and
h ~espec'ive~y Secretary _ , of
,,_s
HaZiis Construction Cor~orati_on.____, a___ _.R1o1'idt?___ Corporation, to me
S
i;nown to be the persons described ~n and v~ho executed the foregoing instrument, and severaliy acknowledged the exe-
~u~,on tnereof to ~,e their free act ar.d deed as such off~cers for the uses and pursoses therein mentioned; and that they
a=r`~xed thereto the official seal of said corporation, and the said instrumpnt is the act and deed of said corporation.
- '."?ITNE~S my hand and official seal at Fort Pierce ,'Said county nd state_
?his instruaent pzepared by
4 Wm. B. Braun Notary Public, i~ nd for St te and Count aforesaid.
~ First Federal Savings and Loan
Associat ian of Fort Pierce, Florida My Commission xpires: ~iy. G, ~Q ~'s
- . NOTARY PUBIIC STATE OF FCORIDA AT I.AR(;[
'#~1YCQ~AfA15S10N EXPIRES AUG. 6, 197~5
- _ _ _ ;:Q~#D1ER14L IMSURAfiCE UNDERWRITERS, ~NI~
i,_;. .
Checked By ~ _
6~C!c ~~p PAC?f
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