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HomeMy WebLinkAbout2957 r 3. To place and conrin~ously kcep on the bu~'dings now or hereaiter situate on sa~d land and on alt equipment and penona~ly covered by this mo~ age, with all prenuums thr~eo~ Na.d in f~it, I~rc insurance +n tt~e us~al steixlard poi~ty form, in a wm aHpro~ed by the MOR~GAGEE, and windsto insuranca en ~ha uiual s!3nda~d po~ cy form, in a swn appro.ed by the MORiGAGEE, en such co~npany or compan~es as ihe h10R1GAGEE m d~rect; and a!1 fue and •xmdstu~m insurance poi~cies on any oi said build~ngs, any i~terest Ihere;n or par? the~eol, in the a99r~ga~e wm afwesaid in excess the~cof, shail :onrain the usval sta~•darJ mortgegee ciausa or such other tlause as Ihe Mortgayee may requ~ro, ma?ing thr ~oss w~Jrr s.~~d po c~es, each and every, pay ib!e to sa~d h~ORTGAiiEE as in imerest may appear, and each and every such po.~c~ shall be prompt~y ass g~~ed and de:ivatrd ~ any held by sz~d L10R1GAGEE as funher ~_curity to said ino~~gage debt, and, not less than le~ l10) days in ad.ance of the exN~~a~~on of eacn pollcy, to d~ Gver to sa~d A10RiGAGEE a renewal the~eof, ~ogefher wifh a receipt for the premlum of such renewai; and ~here shall br no t~re or wi~~ds~o~~n insvranc placed on any of sa:d hu~!d~ngs, any interes~ tharein or part thereof, unless in the form and with fhe loss payable as aEoresaid; a~d in the event any sun of money txcomes payable under such policy or po6c~es said MORTGAGEE shall have the ophon to rec~~ve ond apN:y th~ same on acco~~u ol the i~~d~bt~d ~ nrss secured hereby o~ to permit said MORTGAGORS to receive and use it w any part th•~:e~f for o:n•_r Hur~ os~•s. ~•.~+no~t ~h o; w.:~+i ~3 0~ n~~p..;r ing any eq~ny, Gen or riyht under or by virtue oi Ihis n+o:'gagr, and in the event said MORTGAGOR$ shsll for any rcason fail to keep the said premises 30 ~ insured, or fail to dal~ver promptly any of sait~ policies ol in3urance 1o sa~d MORTGAGEE, or f~il prompf~y fo pay fully any prrnii~rn therefor O~ in any ; respect ia~l ro perfo~m, d~tcharge, execu~e, effett, complete, comply with and abide by this covenant, or any part hareol, said MVRTGAGEE may place a~o ~ pay (or such insvr.,nca or any part th~reof w:thout waiving or a((ecting a~y option, lien, equ~ty, or ri~ht unJcr or by v~rtue of this Mortgage, and ~he f~ll amount o( each and e.ery such paym~n? shall be immediately due and payable and shall bear inte~~st fro~n tha date thereoi until paid at the ~ate ot mne per cent~rn per annum end to~ether vvith suth intrr~st shai~ be s~~c~red by the lien of this mOrigage. .t. To permit, commit or sufier no was~e, impairn~nt o~ deterioration of said prop2rty or any paft thereof. 5. To pay al! and :~ngufa~ the costs, cha~gea and expenses, including a ~easonable attorney's fee and costs of abstracts of title, incurred or paid at ~•~y tL~.r by sa~d .'.~ORTGAG:C, be:a~se or in the ever.t af rhe !a:lurc on ~he part o4 ~he szid MORiGAGOR to duly, pra~~p~Iy and fuUy pcrfonn, d~scharge ~x~cure, e}fea, comp;ete, co•nply w:th and ab'dr by each a~d every the stip~lauo~s, agrrements, cond~tions, and covenants o~ said promissory note a~~d thfs r.ortgage any or e~rher, and sald casrs, cha.ges and e~penses, each and every, shafl be immrdiately due and payable; whe~her or not there be nouce d~ mand, atlernpt to co,tect or suit pend,ng; a~xl rhe fuil a:nount of each and every such paymem shall bra. inreres~ from the date thereof until paid at the r.,ie o~ n,ne pc~ cc~:tu~n F,w anuu~,; ~nc: ~~I said ccs+s, charges and ex~enses irxurred or paid, toyether wah such mterest, shall ue setured by the Gen oi this morfgage. 6. That (a) in the event of any breach of this Mortgage or default on tF~ part oi the MORTGtiGOR, or (by in the event any of sa:d sums of money here;n referr~d to be nof promNtfy and fu!ly paid wi~h~n thuly t30) days next aiT~r fhe same seve.a::y become due a~d payabte, widw~t dema~.d or nofice, or (c) in thr event each and every the stipulatfwu, agreements, conditio~~s and covenants of sa.d promissory note and th~s mortgage any or ei~her are not i~ty, prompl{y and lully__.pe~fonned, d scha+gcd, exec~ted, effected, completed, compiied with and ab~ded Sy, then in either w any wch event the sa~d ag 7~ega!e sum ment;oned in sa~d promissory note then remai~ing unpa~d, with interest accrued, and aii monrys secured hereby, shatl become d~e and pay +n:e forthwirh, or tnereafier, at the opt~on of said MORTGAGEE, as fuily a~d completely as il all of tt.e said sums of money were or~ginally stipu:ated be pa.d on such dcy, anything in sa.d pro:~~ssory ~ote or in this Mortgage to ~he co~trary nohv~thstanding; and thereupon o~ thereafter at the opnon of s,~:d ~.50RTGAGEE, w~rhout nonce or demand, su~t at Iaw or in equity, the~efore or therealter begun, may be prosecuted as if all moneys secured hereby r,_d ~natv~ed pr~or to ~ts ~nsti:ut~on. 7. That in fhe event rl~at at rhe beyinn~ng of or at any time pending any suit upon this Mortgage, or to fweclose it, or to reform it, or to enforce ~ayment of any ci,i~ns hereunder, said MORTGAG~E shalt apply to the Court having ~u~~sd.ctio~i thereof 4or Ihe appointmMt of a Reteiver, such Courf shail fcrth~vith appo~nt a receiver of said mortgaged property all and sing~la~, includ:ng ail and singular the inco~ne, prof~ts, ~ssues artd te~enues from v~rhatevet se urce drrived. eaci~ and evcry of wh:ch, ~t !x+ng expressly understood, is hereby mortgaged as it spec~ikaily set, forth and destribed in the g~anting and h.,bendum c:auses her~•of, and s~ch Receiver shal~ have atl the bruad and effecrive funct~ons and powers in anyw~se entr~sted by a Court to a Rec~iver, and s. ch appointme~~t shan be n:rde by svch Co~n as an admittrd eq~ity and a maner of absolule right to said h'.ORTGAGEE, and without re(erer.ce to the eeiey~acy or inadeq~ac~ of the vatue of the property mortgaged or to the so.vency or ~nsowency o! sa~d f1lOQ~GAGOR or the defendants, and that such r~•~~s, profits, inco.ne, issues and revenues shall 6e appGed by such Recrive~ accord~ng to the lien or equity of said idORTGAGEE and the practice of such Court. 8. To dufy, promFtSy and fully perform, d~scharge. execute, effect, complete, comply w~th and abide by each and eve:y 1he st~pu~ations, agreements, conditions and covenanrs sa~d pro+nissory note and thls mortgage set forth. 9_ That in the event the ownersh:p of the mortgaged pren,ises, or any pa~t th~reof, becomes vested in a person othe~ than the MORTGAGOR, the .".ORTGAGEE, its s~ccesso~s and ass~gns, may, ~vithout notice to the \40RTGAOR, deal with such successor or successw in interest witfi ~eference to this n~.o~tgage and :he d~ut hereby secured in the same mannet as with Morrgagnr w~thout in any ~vay vitiating or d~scFa~ging the tilortgagors' liability here- undrr or upon the debt hereby se.ured. No sale of the premizes hereby mcrtgaged and no forbearante on ihe part of the MORTGAGEE o: its sutcessors or ass~yns ar.d co extension of the ti~na for the paymeN ot the debt hereby secured given by the MORTGAGEE or its successors or ass:gns, a~~all operate ro re~~oze, d~scharge, mod~fy change or affect the erig~nal tiauility of the MORTGFGOR herein, either in whole or in parL 1C. Ir is spec f~c„~y agreed rhar time is of the essence of this contract and that no waiver of any obligat~on hereunder or of the obligatiqn se- ~ cured here.z.y s~a:~ at any time therrafter be he:d to be a vJa:ver of the terma hereoi w of the instrument sewred herby_ : y,~''• ' " ~ v ' - ~ I 1. In e:id Hc ~ to the forego n7 r~:onth'y }:ay~T~ents of prir,c pal and interest required by the prom sscry no'e s~~cured herebr, mp~l~agOr' covena(~s ~ 4~ i~~d ~gr_es ro pa; to ~-~c~~y.~gee v.~th eacn month~y payr.•.enf an add:rional sum ess,mated b~ mo~tgagee to be equai to 1, 12 oi t:~e an:~~,di,dst of t~Afoll'v,~v`~•": ' ~ ' ~ ~ - ~ . a . =1 : C a ~ • ~ _ A-:,il rcal F;ropvrty tax~s lev~e,, or assess•_d agarut the above descrihcd real esiate. 6 Fr~~, ~u es on fve ard wir.dsroc~n insurarce as here~n requ~red to be carried en the ~mproveT:e~ts s~tuate on tFx above d:s~ritr~d pr~ni~e~ ~ _ , i C-Pren,i:ln s on such mortg_;ge guaranty ir.wracce es mortgagee shail from tlme to time d-cem fit to carry on the loan securod t~eret~_ ~ ~ ~ R ~i :Aortgagee s~a:l f~om tl,r,e to t~me notify mortgager ~n wrir~ng of the amowt due and payable hereundx and such surn shai~ 1~i~reypon be c~Z' and :~yeF,:e on !h~• cl~r dat.~ oi the next n:onth'~ payment and each successive month thereafr^r ur,tit mestgagee shall nosify mortgagoc ~~a e6apge in sYeTi ~~.oonT. Such s., ns SF 3.1 ~-e ap~: ied 'by mortga~~_e toward the paymem of real properiy taxes, insura:xe prem;ums, and mortgage • gui~ant~ ~incuiance ~-~~nmium5. ~ , ~ IN t'~lTP~ESS '::H:R~CF, ihe said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. Signed, 9ea! an d iver in the p~ese~ce of:FIlEO J?ND RECORDEO CONS TIO RPORATION ~ _ ST. lUC!E CDUMTY FIA. v - ~ Sea1) ROGC~. PO~iRAS L "~LERI( ~~-+:Ut7 COURT e ' ~ (SeaO P.FGQF^.':~'(.'=~ED t.t@St: - ~ ~(Seaq - a A. ~ s, ec ary ; - _ ~ i~ i~[ l~ _ • _ _ (Seaq i 23930'~ STATE OF FLORIDA ~ COUNTY OF ST. IUCIE I HEREBY CERTIFY, That on this _day of--_ ~tober , A.D. 19~, before me personaily appeared Ha2'!'f3 and ~'r'ankl~i ~ Harris respeciively President and _ Secretary ~ , of ___~~Z~CONSTRUCTION CORPORATION a___-~1Qr~d~________- - Corporation, to me known to be the persons described in and who executed the foreyoing instrument, and severally acknowledged the exe- ~ cution thereof to be their free aci and deed as such officers for the uses and pursoses therein mentioned; and •hat they ~ affixed thereto the official seal of said corporation, and the said ~nstrument is the act and deed of said corporation. ~ WITNE~S my hand and official seal at Fort Pierce t' ~ , said county and st te. ~ This instrument prepared by ~ , . ~~m. E. Braun c,• _ a"~ ~ ~T ~ blbtary Pvblic, in a for State and County af~resaid. ^irst F'ederal Savings and Loan ~ - ' 8ssociation of Fort P3erce, Florida.~'; ' t"~ C?mo~ission Ex ~res: ,Qt~~. i~~ aT ~ as~t ' V ~ ' ST~TC 'tF ft nR{DA6. l~g . ~:.s:; . '~..~nN FXP1R`S AuG' 17ERS ING ~ • : c , . ~ INSURANCE UND~RWR . Checked BY ` ~ - . y~i1..Rj?L 60oK r'1Gi ~ } , 'z` ~-y~.1 y ~ ~ . ~ w, x~ y< ~ t r -z 7 ~ _ ¢'~,,.~r r: ,~C•~ ~ ~ r a= p3 ` 3 T~"