HomeMy WebLinkAbout2258 3. To p:ace and eom~n~o~s ~ Acep on the t.,~ d~^,gs nox o~ herrai~er s~tuafe on sa~d ~and and on a!~ eqv~pment ar.d persona~ly cotie~ed by th;a mor
sg~, whh •II prem:,,ms ~herew+ pa.d ~n t~i:, fire r.:s~ra~,c~ ,n ~ne us.,at aia:~e~d po:,cy form, in a s~m aFpro+ed b~ the M•OR.~=:vf~, a~ ci ds~u
~nsurance in ihe us.,ai s+andard po:.cy fo~m, in a aum appra~rd `uy tne MORiGAVEE, in such co~npany or com,~an~e~ as ~he 1'.~>2iGAiaEE m
d~reU; a~+d all (ire and w~nds~orln ir.S~fdr~t po~~:~es on any of sa~d buiid,~gs, a~y interes~ there~n or part ~hereol, in the aggregare s~~~~ afo~esa~d
in excess thereaf, shell ;oma~n ~he vs.,al sfa«dard mongagre c~ause w s~ch o~he~ deuse as ~hs Mortgagee may requ.re, maiing the leis ~~~d~•~ sa.J po
des, each and every, pa~ab!e to sa~d MORTGAGEE as ~ts irorrcst may •ppear, •nd each and every wch po!~c~ shatl be p.ompny assg~~rd a•~.d de•+~errd +
any he{d by sa~d h40RTGAGEE as funher security to said mongage debt, and, not tess than ten (T01 days in ad.ance of the eapi:ahon of e~:h poi~cy, to d.
hver io said MORTGAGEE a renewal thereof, ~oge~her witA a rece~pt fo~ the prem~um oi such renewat; and there shail br no f~ie or w„ws~o~~n Ins~ranc
N;aced on any of sa~d bu~~d~ngs, any inrerest there,n a part thc~eot, un:esa ~n the fo~m and w~th the ioss pa~abie as aforesaid; and in the e.ent any s~~
of ineney beco•~nes payable ~ndrr s~ch policy or poLc~es sa~d MORTGAGEE shjll have ~he opt.on to rece~ve and apply ~he ss~ne on aao~:~t of fhe indabt,.•d
ness ~ecured heieby o~ ro perm~~ sa~d MpRTGAGORS to rete~~e snd us~ it o? any part thereol for orncr purro+rs +•+~+nyvt rh~•.:.~; L,~,., ~3 .;r ~••+p-;u
~~g •ny equ~ty, f~en or ~~ght undrr or by virwe of :h~s mcr~gage; a~d in the evem sa:d MORTGAGORS shall for any reason fa~l to krep thc sa~d p~em~s~~a so
~nsu~ed, w fad fo deliver promptly any o4 3aid pol.t~es of inw~a~ce to sa~d MORT('iAGEE. Or (aii prompiiy to pay 1u~ty any prr~~i~,;~n therctor w in anY
respect tail to pe~form, d~scharye, exrwrt, e~fea, camp:etr, co~~p~y wirh and ab~de by th~s covenant, a any part harcoi, sa+d MO~T;,:.GEE may p~ace a o
pay fw wch insurence or any part the;eof w,tho~t waiwng or affeciing any op~.on, Iron, equny, or ngM under or by virtue ot ~his h`,ertgage, and the
full amount of eech and e.ery suth paymem shatl be ~mmed~ately due and payab~e and s?+att bear interest from the date thc~eof uniil p~~d at ~he rate o~
n~ne per tentum pr arnum and to~r~her wnh s~:h inte~est shai~ tx secured by the lien of th~s mo+igage.
4. To psrmit, commit w s~ffer no waste, impairmrnt or deter~oration of sa~d p~operiy w any part thereof.
5. To pay a!I snd sing~~a~ the costs, charocs and expenses, including a reasonable atto~ney's fee o~~~ cos}s of abstracts of t~tfe, inc~rr~d or pa~d at
any t~n:e by sa~d MCRTGAGtE, because d in the event ol the fa~iure on tne pa» of the said MORiGAGOR to duly, pro:nptly and 4„tly perform, d~scharge.
execute, effcc~, comp:ere, comp:y w.ih ar.d ab.de by each and enery the st~pu:ar:ons, agreements, condd~ons, and cuvenants o~ sa~d pran;>sory nure a~~d ~h~s
morrgage any or eaher, and sa.d cos~s, charges arxi expenses, each and eve~y, shall be ~mmrd~ately due and payab:e; whe~he~ or not rhere be noT,ce d~
mand, attempt to co:ie~ct or suit pend;ng; and the f~l! a~no~nt of each a~~d eyery s~ch paymeni shall bea. imerest from rhe date fhe~eof ~nfJ pa~d at ~he
~e o' n~r.e pe~ cenr„m F.~r ar.n~ n; anC ar sa~d cus~s, c~a~ges and ea~enses ~ncurred w pa~d, together wah svch interest, shall be secured by ttie iien of th~~
mortqsge.
6. Thst (s) in the event of a~y breach of this Mlortgage or defauft on the part of the MORTGAGCR, or ;b) in the event any of sa d sums of money
herein ~eferred fo br ~ot prompNy and fuily paid v.~th+n ih;rty ~301 days nex~ a~rer the sa~.e serera'Iy become due and payable, wirhout de:nand or nence.
cr in the evem exh and every the s~~p~:ar~ons, a~reements, cond~:~o~s a~d covenants of sa d prom~ssory note ar.d th,s mortgagc any o~ e~~her are not
fu!y, promprly and fuIly performed, d.s:ha•ged. execured, e4f~tcd, completed, compiled w~th and ab~ded Sy, then in e:ther or any su:h event the sa;d ag
3•egate sum menewned in sa~d prom~ss~ry rwre then remaining unpa~d, w~rh meere,t acuced, and ai: moners secured hereby, shall becoa~~ d:,e and pay
e5~e forrhwith, or therea4rer, at the opr~on of ae~d A10RiGAGFE, as fuily and tompiete~y as ii a~l of ~he sa~d s~ms ef money were or~g~na~ty s::pu:aied
*c be pa~d on svth day, anything in sa d pro:n::sory ncte or in this Mortgagr ro the co~rro•y not,,v~~hs~and.ng: and thereupon o~ ihereafter at rhe opt,on of
ss d MORTGAGEE, wnhout nor~ce or demand, su~t at law w in equ~ty, iherefere or thereaher begun, may be prosecuted as if all. moneys secured hereby
n~d matured pr~Or to ~ts ins~nunon.
7. That in the ever.t that at thc beg~nn:~g of w at any r~me pe~d~ng any su~t upon thi~ Mortgage, a to foreclose it, or to reform it, or to enforce
,avrt+ent of any ciaims he~eundr~, sa~d IdORTG<1GEE shai! apply to the Co.rt hav~ng ~unsd•t~.on fhereot for the appo~ntmem of a Rece~ver, such Cour~ shail
r~rthw+th appo~M a teceiver of sa~d mortgaged property a11 and singvlat, intivd.nq au and s~ngutar 'he income, prof~ts, iswes and revenues fiOm whatever
s:~•ce derived. ea:h and every of wh~ch, ~t be,ng express~y understood, is te:eby mongagrd as if speu!icalty set fonh and descnbrd in the gra~tin~ and
~a~ndum da~ses 1+ereof, and such Rece~.er shail ha,re all tfie b~oad and effec~,ve f~nce,ons and powers in anyw~se ent~usted by a Cou~t to a Rete~ver, a~~d
s.:h appointment shall be made by s~ch :o~~t as an adm~ttrd eq~~ty and a r.matter of absolute r!ght to sa~d titORiGAGEE, and w~thcu~ referente to the
edequacy or inadeqvacy of the value of the p~operty mert9aged or to the so.vertcy or ,nso ~ency of sa~d MGRiGAGOR or the derr~~dants, and that svch
•-~s, profits, incane, issues and revenues shaii be appi~ed 'ey wch Receiver accord~ng to the llen or equ~ty of sa~d MORTGAGEE and the prachce of such
CouA.
8. To du'y, prompi:y ar.d f~ily pe~form, d~scharge, eaec~te, effect, complete, comply w~~h and abide by each and every the st~pulations, agree:nents,
:~^.dltions and covenants ,n sa~d prom~ssory note and rhla mortg~ge set iorth.
9. That i~ the evem ~he ov.nersh;p of thr mortgaged prem~ses, or any part therecf, becomes vested in a pe.wn other than the MORTGAGOR, the
:'ORTGAGEE, its successors and ass~gns, may, wrtho~t nc~~ce to ~he t!O£TGFpR, deai wrth svch wccesso~ w svccessor in ~nterest w~th reference to th~s
^~o•tgage and rhe debt hereby secu~ed in the same manne~ as w~th Mort3agor ~n•~thout ;n any way v~tiating or d:scharg~ng the Mortgagors' ~iabiiity F~ere-
.:~der or upon the deb~ he:eby sewred. No sa.e cf :':e ; re :.:se: ha~rby mongaged and no forbearance on the part of the ~AORTGAGEE or irs successors
cr ass~g~s and no exrens~o~ cf the t~me fe: the paymem of the debr hereby secu~ed g~ven by the AAORTGP.GEE or its successors or ass:gns, a:~all operate
ro reiease, d~uharge, mod~fy change or affect the er~3~nal ;~ao:~ny of fhe M.CRTGAGOR hereln, either in whole or ir, part.
10. h is spedficai~y agreed rhat t~me ~s of the esserce of th~s contract and that no wa~ver oi any obi;ganon hercunder or of the obligation se-
wred hereby shalt at an~ time thereatter oe he'.d to bz a wa„~er of rhe terms hereof or of the instr~ment sec~red herby_
? I1. In add +,o-~ ~o th= fo.eao ~~g r-,on~h y Ldy'~'°!~15 of pr~-:c pa~ and icreres' requ:red by the prom s>cry no'e sc:ured hereb~, mwtyagw epvenant~
i• d aqr~s to aay to r*~c-tgagee x:rh each mon~r'y },a~~. ent an add -;o~al su-re rs' , ated b~ mortgagee to be equal to 1, 12 of the am~ual cost of fhe fo)iOw-
~ ~~3~. _ .
A-All rea~ properr~ taxrs lev~ed o• assessed agar•st tn_ above de«~~bed real esrate.
~ 6-Prern~;.:ns on f~re ard +~~ndsro•m ~nsurar.ce as here~n .c• ~~red to be carried on the :m•-roveme~ts s;tuate on the above described remists. • `
z 9 r P
; C-PremiumS on such mort. a e uarant ir.s~ra~.ce as mo~t a ~ y y.
~ 3 g g y g gee shai~ frcT. t me to nme deem f~t to carr on the loan cecured hereb _
Mortgngee sha'I from time to t~me no+~fy morryago~ in writmg of the arou~t d.,e and payabie hereundrr and such sum shall Ihereupon be diie.~nd
; :.avab!e on the due dare ~f ~h> na,r mo~~h:y payR-ent a::d e~ch wccess~re ~*onth !hereafier ur.til mcrtgagee sha!I not~fy mortgagor of a chanye`jn.svch
^ r- ount. Such s.:ms sha:i be app:ird by mor!ga^y~e toNard the payment of reai property ta:es, insurance prem.~ms, and mortgaye guaranty "ir?ivrance
::~emiums. . ~ '
- IN Y~ITNE55 YJHEREOF, the saed MORTGAGOR has hereunto set h~s har.d and sea' the day and year first afaesaid.
~ Sgned, Sealed and " ered in the presence of: fILE~ AKD RECJkOED S~, N'CARFORA?ION
~ - ST. WC~[ c :ur~rr ~lA.
~ _ . k':C- . , 'RAS B}I • aq
~ _ C! t i. - _ ' COURT _ e tY @S @~1t (Seal)
~ Rcrn=.. s,r::. ~
...._~ALL@St _ •
Seal)
~ ~ - r i s, e e a~~yrai~
. Ja~ t~:---i~~M 7Z ~ - - -
~ - -
222Q16
i ATE OF FLORIDA COUNTY OF ST. LUCIE
y I HEREBY CERTIFY, That on tn~s day of_ J~uary _ , A.D. 19 72 ,
before me ~ersonally appeared Hazel_ J. Na=iis and Rianklin A. Harris
- - -
~espect~vely _ _ President and y
s~: - - Secretar - , of
,x:
Harzis Construction Cor ration Rlorida
- a- - Corporation, to me
known to oe she persons dexr~bed +n and v~ho executed the foregoing instrument, and severally acknowledged the exe-
=5 .ut~on thereof to be the;r free act a^d deed as such officers for the uses and pursoses therein mentione~; and that they
_ offixed thereto the official seal of'saic! corporation, and the said instrument is the act and deed of said corporation.
~i
_ V'lITNESS my hand and official seaf as Fort ~ierce said tio~nty state.
_ ?his instruaent prepared by ~
Wa. B. Bzaun
Fizst Federal Savings and Loan Notary Public, in d far St e and County aforesaid.
- Association of Fozt Pierce, Florida My Commission xpires: ~ G, /9~S
_ NOTARY PU[3LIC STATE OF FLORIOA AT UR(i!
~ , ~1Y COM!~ISSfON EXPIRES AUG. 6, 197~
_ ~ ~ ~~c." ~ AENEfiAL INSURANCE UNDERWRITERS, INC.
'::'3 Checked By
~~y ~
~ ~oa~1y8 ~~`~:'~5
- - _ -
_
_