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Home My WebLink About1818 3. To place and co~~tinuo~sly keep on ~he L•:n d~ngs now or hereafier a~tuate on s.,~d land and cn a!! eq~:pn:rnt and pe.sona~ly cov~red by th~s mo~ age, w~~h all p~cm~ums thereon Na:d ~n fu~l, f~re insuroncc in tne ~u~ai standard po~rcy lorm, in a wm aHµroved by thr h10R~C;:~GEf, and w~:~dsto ~~~surance in tha us~al sf~nd,,~d pro~,ty fo~~n, in a sum appro.rd by tha A1QRiGAGEE, in wch co+r:pany or co~n{:an~es as the ti~ORTGAGEE m d~rec?; and all fire ar,d w~nds~crm insurance poi~c~~s on any oi sa~d tw~Id~ngs, any interest the~ein or parr she~~uf, ;n the agg<<9~te swn a~orzsaid in excess th~~reof, shall confain ~hr usual s~ar.dard mongagee clause or such othei clavse as the Mo~tyagre may req~.re, maM~ng thr ioss undr~ s~~d po cirs, eath and every, payab!e to said ~UORIGAGEE as ~ts in~ercll may appea?, and eath and every svch po:.c/ sh,~;l 1~ pron,µtly d1S9'l@(~ and dt~~~~•~rd ~ any hcld by sa~d MORfGAGiE as (unher sccurity to said m~rtgage debt, and, no~ ltss than ten (10) days in adrance of tha ex~»iat;on of each pot~cy, to d. l~ver to sa+d MJRIGAGEE a ren~wal thereoi, togerher wirh a rece~pt for thr premium oi such renew~l; and ~he~e s!wil be ~w f~re or w~~~d:~u~m insuranc piaced on any of said build~ngs, any interest there:n or part thereof, unlrss in ihe form and w~~h the loss pay.~b!e as aforesaid; and in the e~ent any sun of money beco:»es payabie u~~drr s~ch poticy or poGcies said MORTGAGfE sh:~ll have the opi:on ~o ret_~~~e ~:~d apN:y ttia san,e on acco~nt o( ihe indcb~~•d n~~is secured hrreby or to perrn~t sa[d /AORTGAGOR$ to ~eceive and use i? w any part th•~:rof ior o;n+r Hur; os_s, v..~~r,,;t tl,r~ .v..~.~ ~3 c~ ~:p..~~ ~~~g any equ;ty, lien or r~ght undar or by virrue of th~s mo:'gage; and in the event sa:d MORTGAGORS sha!I Eor any rcason fail fo krep the sa~d prriT~s~•s so insuri[~, O~ Sail ~o delivrr pro~nptly any of sa~d poLeies of inwrance ro sa~d MORTGAGEE, w to~! p:ompily to ~~ay tu~iy any pre:~:;u~n iherelo~ or in any respect fai! to pe~(orm, dscho~ge, execute, effect, tompletr, comply with and abide by this covenant, or any part hareof, sa~d MGRTv~1GEE Rt3y/ ~]~dt@ a••o pey (or s~ch insur.~nte or any part thereof ov~rhout waiving o~ aifetting any option, lien, equ~ty, or n~ht under or b~ v~rtue of th~s Maegaga, and tht t~Il amo~nt of each and every wch paymem shall be immediatety due and payable and shall brar interest from the dat~ thereof until paid a~ the rate ot n~ne p<r cent~m pCr ar,n~~n a~~d to~rth~•~ with Suth interes~ ShaN be srcured by fhe fien of thia mortgage. d, io permit, cornm~t or sufler no waste, impairment or dere~ioralio~ of said property w any part thereof. 5. To pay a!! and singvlar the costs, tluiges and expenses, ~ncluding a reasonable atto~ney's iee and cos~s oF abstracts of title, incurred or pa~d at jny iLr:e by s.,~d MORTGAG'.E, because or in the event of the ta~lure on the part of ~he said MORTGAGOR to duly, promp~ly a~d futly p~rfonn, d~scharge ~x. wtr, effec~, comN;ete, canp!y wnh and ab:de by each and every rhe stip~lar~ons, ag~eements, cond;rions, and covenants oi sa~d piom~ssory note and ~ius ~~o~!gage any or e~~her, a~~d sa d costs, charges and expenses, each and every, shall be immedietely d~e a~d payab:e; whe~her o~ not rhere be nonce da mand, atte~npt to co:ied or suit pe~~d~ng; and ~he full amount of each and evrry such payment shail bea~ interrsr fram the date the~eof u~til paid at the -.•re of n~n~ centum N~-r an,~~.n; and a11 said costs, charges and ex~nses incurred or paid, tog~ther wah such interest, shall be secured by the uen of Ihis mortgage. 6. That (a) in tha event uf any breach of this Maigage or default on the part of the MORTGAGOR, or ~b) in the event any of sa:d sums of money h~~rein referred to be not promptiy and fu11y paid within thuty (30) days nexf a4ter ~he same severa".1y becom.: due and payaLle, witho~i demand or notice, ~r in tha eveN each and every the stip~iat~ons, agreemeros, cond~tions and covenants of sa:d promissory ~ote and th,s mortgage a~y w e~the~ are not io:y, promptly and futly performed, dscharged, executed, effected, tompleted, compGed wirh and abided 5y, then in e~ther or any such event the sa~d ag- gregate sum ment~oned in said p~omisso~y note then remaining unpa~d, w~th inte~e,t accr~ed, and atl moneys secured hereby, ahall become due and pay- +o e forthx~rh, or thereafrer, at ~he opt~on of said MORTGAGEE, as fuliy a~xl compterely as if alt oi the said sums of money were or~gina~ly s?~pulared ,o be pa.d on s~ch day, an~dhing in sa.d prom~ssory note or in this Mwtgage to the comrary no~wiehs~anding; and thereupon or the~eaftc~ at ~he op~~on of s~~d MORTGAGEE, wfrhow nonce or demand, su~f at law a in equ~ty, therefore w thereafTer begun, may 6e prosecuted as if sll moneys secured hereby r;,d matured pr~or to ~fi instit~tion. ' 7. That in the event that at the begenn;n~ of w et any time pending any s~iit upon this Mo~tgage, or to fo~eclose it, or to ~e(orm it, or to enforce F'~Yment of any daims hereunder, said ldORTGAGEE shall apply to the Cour1 having jurisd:dion thereof for the appo~ntment of a Rlteiver. S~ch Court shail ro: thwith appo~nt a rece~ver of sa~d martgaged property a{I and singutar, inctud;ng all and sirtgular th~ ir.come, prol,ts, issues and revenues Irom whatever s: ~rce ~erived, each and every of wh~ch, ~t being express~y undersrood, is hereby mwtgaged as if spec~ficaily set fb+th and described in the granhng and h-~:~endum cia~ses her~f, and such Receiver shatl have all the broad and eifect;ve funct~ons ar~d powers in anywne entrusted by a Court ro a Receiver, ar,d s,:h appoinrment shal! be made by svch Court as an ad:nitted equity and a ma»er cf absolute right to said MORTGAGEE, and without reierence to the a<i:quacy or inadequacy of the value of the p~operty mortgaged or to the so~ve~cy er ~nso~venty ot sa~d MORiGAGOR or the defendants, and that suth ~+s, profits, inco,ne, issues and reven~es Shall be appiied by sutA Receiver accord~ng to the i'ren w eqvity of sa;d MORTGAGEE and Ihe practice of such Cc~rt, 8. To dufy, prompt:y and fu!!y perform, discharge, execute, effetl, complete, comply with and abide by each and every the stipulations, agree~nents. conditions and cove~anrs ln smd prom~ssory note and this mertgage set forth. 9. That in the event the ownership of the mortqaged prEmises, or any part thereof, becomes vested in a person other tha~ the MORTGAGOR, tF~e .'.~RTGAGEE, i~s s~ccessors and ass~gns, may, wi~hout nofice to the h10RTGAOR, deal with such successor or successw in interes~ with reference to this ^~o~tgage ar.d the drot here6y sec~red in thp same manner as w~th ldortgago~ w~thout in any way vit~ating w discharging fhe Mortgagors' liability here- ::.~der or upo~ the debt hereby secured. No sale of the prem~ses hereby mortgaged and no forbearance on ~he par~ of the /dORTGAGEE a its successors c~ ass~gns and no earension of fhe r;R}z for the payment of the debt hereby secured given by the MORTGAGEE or i~a wccessors or assigns, a~iall operate ro re!ease, d;scharge, modify ct~ange or affect the original liab~lity of the NORTGAGOR berein, either in whole or in part. 10. It is specif;calty ag.eed that time is of the essence of this contract and that no waiver of any obl~ga~~on he?eunder ~ of the obiigation se- c~~red hzreby shaL at any tinte thcreafter be he:d to be a waiver of the terms hereoi or of the instr~ment secwed herby. 11. In ;dd.tlo~ to the forege ng momh'y paymems of princ pal and interest requ~red by the prom:ssory no!e sec~red he~eb~, moctgagor tovenants agr_es to pay to mo-tgagee w~rh each mon+hiy payr,ent an add~rional sum esrin~ated by mo:tgagee to be equai to 1, 12 of the annual cost of the fo~low- A-All real property t3x.;i le•i~~a or assessed agai~nt thc above desuibed «al estate_ S- Pran::u•ns o~ f~rY and wi~idsio: m insurarce as here~n requ;red to be carried on the improveme~ts s~tvate on the abovt descr+bed premises. C-Premwms on such morrgsge guaranty ir.surar.ce as mortgagee shail from );me to time deem fit te carry on thp loan secured hereby. Mortgagee sha(I from time to time notify mortgagor in writing of the arrou~t due and payable hereundar and such su+n shall iherevpon be dut. a~d :~vable on tha due cia~e of ~ne next monthly payment and each successive month thereafter uatii mertgagee sha? notify mort9agor of a,~ange in wefi , ount. S~ch wms s~~a.! tre apf:'~ad by mo.tgagee roward the payment of rea) property tazes, insurance prem:ums, 'a~id mortgagQ •~aiv8htq~ ie4urance ~ .••emiums. , ~ . ~ It~ \YITNESS '.':H:REOF, the sa~d MORTGAGOR has hereunto set his hand and seal tF~e day and year firsf aforesa+d. . S~gned, Sea and ~ed in the pr ence of: $ C ~i~ i~ef f~ ATft~t fIIED ! y_ ~JROED , ST.It+C : :~JNTT FLA_ ~ BY~ ' ~ ~iSe~~ Ro~: ~~eS ~ tiaze J. rris. ~ President C! tf,r. ;,U:' COUR~ ~ . , (5eatl . _ 4FC!" . " ~ S . .s ,Sesy ~u s'/ ' ~ Franklin A. Ha ris~':S etary _ _ . - _ _ ~b~~ ii~ t~- ' - - - - - ~ STATE OF F~ORIDA 232002 ~ ~COUNTY OF ST. LUCIE I HEREBY CERTIFY, That on this (Q:~ r _day of___~ J~e 72 , A.D. 19 , ~efore me personally appeared Id~Zel J. Harris and Franklin A. Harxis respectively _ President and Secretary _ , of . Harris Construction Corporation A, a_,_ FlOrida - - Corporation, to me kno~rn to be the persons described in and viho executed the foregoing insirument, and severally acknowledged The exe- cution thereof to be their free act and deed as such officers for the uses and pursoses fherein mentioned; and that they afr'ixed thereto the official seal of said corporation, and the said i~strument is the act and deed of said corporation. WITNESS my hand and official seal at Fort Pierce St L1~Cf ~ is instrument re ared b , said county an tate, P P Y Riehard K. KayrQs .-~rst Federal Savings and Loan Associatioa r ort Pierce ~ Florida 33450 Notary Public, in a or Sjate and County aforesaid. My Commission Ex res: ~q ~c~. , L~ 7.~ • NOTARY P+t~~ 1~ STATE OF FCORIDA AT LAR(iE ~11Y CO.'.~F SISS!^N EXPIRFS Al1C- 6r j~5 (3EMERAL iSVSURANCE UNDERWRITERS. Checked By ; . 60~R ~O~ PACf ~.~~0 . _ ~ ~ ~ ~ f~~ _ < ~ ~ ~ r ~ . ~ ~ . ' _ ~ - ~ s ~ ~ . _ _ rv s,.. : ~ -