HomeMy WebLinkAbout0961 To place and cont~nuousiy 1,rep on the bvi:d~ngs r.ow or hereaiier ~~tuate on sa~d land and on aL' eq~~p~+~ent and personally covrred by th~s mortg-
epe, with sll premiwrq ~hrreon p~ d~n iuil, f~re insura ~ce ~n thr ~sua! standnrd pO~~Gy ~.~~m, in a skm aHpro+ed by die MOR.v.~G;i. a~~d w~<<ditorm
insurance in the usual stanJa:d po:.ty io~m, in s sum a,:F.~o.ed 6y the n1ORTGAGEE, in such compa~~y or to:npames as ihr MORTvAGEE may
direcl; and a~l fne and w:nJsrorm insuran~e po}ic~es on any of said build~ngs, any interest thc:e~n or part thereof, in Ihe a99~~~go~a au~T~ atoresa~d or
in excess thareof, shall contain fhe usvai ua~~dara mor~~agre uauae or such o~he~ dauie as the hlortgayee may rey~~re, mak~ng N~e iess unJer aa•d pofi-
c~es, each anzJ e~ery, pa~ab:e m sa~d AtJRiGAGEF ai rts ~n~~rrs~ may dP~E3l, and each ar~d ey<<v such p:.~:~c~ st~a~l lx pro~~.N~iy ass y•~~J a~ d de:~.er.~d ~o
eny held by sa~d MORiGAGEE as furrher secur+ty ~o aa~d m.u:~gage d.ebt, and, no1 less than ~en (10) days in ad~~nce of ~he ri+~~ra~,on of eo;h pol;cy, ro de-
Irver ro said StORiGAGEE a renew.~l therrof, toge~her wi~h a rece~pt for the pre~nium of such re~~e+va~; a:~d there sha;I be r.o f.re or w;~~duw~n insuronce
placad on any of sa~d b~itd~ngs, any interest ~herein w part tnereof, un!esa in ~Ae torm and wieh the loss paya6te as afo~esaid; and in the e~ent any s~m
of money becomes payabte undrr s~ch poticy w pol~cias sa~d t1iORTG.4GEE s1~~ll h~ve ihe opf~on to rec~~:e and app'~ the sa~~~e on accou~~t oi the ind.:ut~d-
r.ess secured hrreby or ro perm~t sa~d tAORTGAGORS ro receive and use it or any pa~1 t1,er,.•o1 to~ o::~•:r F..,r,,os~•s. }n;;,.t in ~7 0~ ~"~P~~'-
ing any equ~ty, lie~ w right under or by virtve of this mortgage; and in the evenl sa:d MORiGAGORS fha!1 fo~ any reason fait to krep the sa~d p~e~n~f_s so
~~swed, or fail to drliver pranp~ly any of sa~d poGcies of insuran~e to sa~d MORTGAGEE, or ta~: pzemptly to pay fui:y any p~a~nwm ~hcrefor or in a^y
respect fait to perform, discharge, execute, effecl, comptete, co:»ply with and abide by this covenant, or any p3rt hrreof, sa~d MURTGAGEE may p~ace a~d
pa; for such insur,~nce o~ any part the~eof wi~hout waiving w affeciing any option, tien. equ~ty, or r~~ht undar or b~ v~rtue of th~s Ato~fgagr, ar.d the
1u11 amo~nt of each and e.e.y such payment shall br ~mmediately due and payable anJ shall bear intarest fian ~he date thereof until pa~d at the rate ol _ -
mne per centum pe~ annum and to~eth~•: v.irh such intc~cst ah~f be sccwrd 6y the lien Of this mortgage.
4. To permit, tommif or suffer no waste, impa~rment or dctar~oration oF sa~d property or any part thercof.
5. To pay all and singular the costs, charges ar.d expe~~ses, inc~uding a reasonable attor~ey's tee and costs of abstracts oI t~f~e, incuned or pa~d at _
~ny tlrne by said MORTGAGEE, becavse or in the event of ~he fa~iure on the part oi the said MORTGAGOR to duly, pron~pNy and f~tly perform, d~s:harge.
_,ccute, ef{ect, canplete, co:nply w~th and ab.de by ea.h and eve~y ~he 311F.`JId1iORS, agreements, condit~ons, and covena~vs oi sa~d promissory note ar.d ~h~~
.~orrgage any or eiiher, and sa d cosn, charges apd expe~~each and every, shall be immediately due and payabie; whcaher or not there be nonce da
mand, attempt to col:ect or suit pend~ng; and the iull ar.wuro of each and every sucA payment shall bear inte~est from the date thereo! umil paid a~ the
~re oj nine oer centum per an~wm; and ali said iosts, charges and earenies i~KUrred w paid, together wAh such interzst, st~a:l be seWred by Ihe lien o{ lhis
mortgage.
6. That (a) in the event of any breach of this Mortgage or defa~lt on !tw part of the MORTGAGOR, or (b) in the event any of sa:d sv~ns of money
6e~ein referred to be not prompr:y and fully paid w~~h~n th~.ty t30) days next atter the same severa'Iy become due and payabte, wifhou~ demand or notice,
or ~c) in the e~em each and every ihe stiputat~ons, ag~eements, conditio~~s and covenants ol sa d promissory note and ih~s mortgage any o+ enher are nof
:uly, prompNy and lutly pe~formed, d.scharged: exec~red, effected, wmpleted, complied w~th and ab~d.•d 5y, then in e~ther w any such event the sa~d ag
~regate sum menrioned in sa~d promissory ncte then re~naining unpaid, with intere;t accr~ed, and a~l moneys secured herrby, shall betumr d~e and pay-
eo,e forthwith, cr thereafter, at the oprbn of said ti10~2TGAGEE, as fu~Iy and comp:ete~y as if afl of the aaid sums of money were or~glna.ly st~pu.ated
to be pa~d on Such d~y, anything in sa d prom~ssory note or irt this Morigage to the tontrary notw~tfist~nd~ng; and there~pen Or ttxtreafter at Ihe opl~on of
sa.d MORTGAGEE, without not~ce or cicmand, su~t at Icw o~ in equdy, therrfore or thcreeftrr beyun, may be prosecuted as if all moneys secured hereby
n_d matured pnor to ~ts instituT~on_
7. That in the event that at the beg:nn;ng of or at any t~~ne pending any su~t upon this Mortgage, o? to foreclose it, or to reform it, or to enfcrce
payment of any clai~ns hereundar, said MORTGAGEE s~~a~l opp!y to the Court having ~ur~sd.ct~on thc~eof for the appointment of a Recz~ver, such Co~rt shail
fo:thwirh appoint a receiver of said mo~tgagrd pro~ny alI and singufar, inclvd:ng a:~ and s~~~gular the ir.come, p~of~ts, issues ar.d revenues fro~n whateve?
seu•ce deri~ed, each and every oi wh ch, ~t t,e~ng express!y undersfood, is herrby morigagrd as if spec:ficalty set forth and descrikr_d in the g~anring and
h~':endum clauses hereof, a^d such Receivet sheu have al' the broad and effective funct,ons and pov,,ers in anywise entrusted by a Court to a Reteiver, and
:_:i~ appoinrr.±ent shall be made by such Court as an ad:nnrrd equ~ty and a maf~er of abso~~re r:gM ro said MORTGAGEE, a~d without reterence to the
e~:cq~;ty or inadequacy oi the value of the property mor~gaged or to the so•vrnty or insoi„antj of said MORiGAGOR or the defendants, and that such
~:r,:s. profits, income,- issues and revenues :hall be appi~ed by such Receiver accord;rg to the ~ien or equity of sa:d MORiGAGEE and the praU~ce of such
C.ourt.
B. To duly. promptly and fu!!y per`orm, d~scharge, execute, rffect, comp;ete, toneNly with and abide by each and every the stipulations, agreements,
:::nditions and covenanrs ~n sa~d promissory note and this mcrtgage set forth.
9. ihat in the event the ownership of the mo~tgaged prem~ses, or any part thcreof, becomes vested in a person other than the MORTGAGOR, the
.'DRTGAGEE, its successors and assigns, may, wiihour no~ice to the MORiGAOR, deai w~ih such wccessor or successw in mterest w~ih reference to th~s
~ o-tgage and the debt hereby secured in the same manne~ as with ~dortgagor w~The~t in any way vii:atiag or d~scharg~ng the l~lorrgagori Iiability here-
u~-d<r or upw~ the debt hereby sec~red. No sale ef tt~e premises hereby mortgaged and no furoea:ance on the part ot the thORTGAGEE or its wtcessors
or assigns and no eatension of the time for the payment of the debt hereby secu~ed g~ven by the htORTGAGEE or its s~ccessws or ass:gns, ai~all operate
ro release, d:scharge, mod~fy change or affecr the or~y~nal iiab,l:!y of the MORTGAGOR he.ein, either in whoie or in part.
10. It is sperf~catly agreed that t~~ne is os the essence of this contract and that no waiver of any ob~~gat~on hereunder or of the ob~igation se-
cur<d hereby ahab at any time thereatter be held to be a v.aiver of the terms hereof or of the instrumeM sewred herby.
I l. tn add t:e :!o thc forege ~Tg r:a^.'h'y payn.:nts of p~inc~pal and interrst requ~~red by the prom~ssc~y no!e sec~red hereby, mor~~o'r ~ap7q?ed1y~~
d ag~ees to pay to n,o-t3agee •r.:rh each r c.~.•h y payr :eni an add~~ional sum est ared bj mortgagee to kx eqvaf to 1 12 of the a~iny~~l.~pef'o~~the fo11~W~ ;
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, A-All reat property tanrs le,ie~ or assess_ci agai•~st thc a6o:e desc~i~ed r:-at estate. G r?
B-~Pram=urns on fire and ::indstcrr.•~ ins•.,r;~~ce az he.~;n rcqu:red to oe carr~ed on the ;m~,rovemc:+ts s:e~ate on th~ abovc d~ri~ed p~miie~: -
C-Premiums on wch mortg;ge guaranty iczurar ce as morrgagee shall frcm t~me to t:me deem f~t to carry on the toan secVtec~ heie~y.~ `
f Mortgagee Sha~l f+om tirie to t~~r.e noh4T mcrtgagor m wr~i~nq of the amount due a~d payable hereundrr and such su:n sFy3~ li~rr~uppn be d1~~y~ ` ;
E ..srable on the d~e dn!e of rhe ~~cxt month. a ment a~id e~ch s~ccessn•e month thereafter until mort a ee sha~l nohf mort a~~'. han erSrl~ti~ ~
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E :.c~nt_ Such sums sha.! k;e app'icd by TOftg3~~~_ 10'Nd~d the payment of real p+operty taxes, inwiante prem.ums, and mo+tg r Ia~ty.,.
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~ IN l°11TNE55 '.'1H.RcOF, the said MORTGAGOR has Fzreunto set h~s hand and seal the day and year fint atoresaid.
~ Signed, Sealed and del~vered in the presence of: fILED AN^ RfC9~~ H S C YS RII~+ N C~ ATION
~ _ ~'f. WClE COL'Mt~T f~/~. ~ ~ L
RQCEfi PU:~RI~S ~ ti a ris, resi ent
~ (Seet)
CLEPK ~~"':UIT CWRT (Seaq
~ ~f Qrr,~Rn V~~ r: ~
' ~ ` Sesi)
~ ~ ,1 ~ ~ ~ ranklin A. r is ~ Se etary
~TATE OF FLORIDA ~ COUNTY OF ST. LUCIE ~~'~"'"-vV ~
I HEREBY CERTIFY, That on this -~~day of--__ Nevpmhpr , A.D. 19~~,
:,efore me personally app~ared _Hazel J. Harris and Fzartklin A. Harris
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~ ~e,pectively President and Secretary , of
~ i1ARRIS CONSTRUCTION CORPORATION Florida
a-_________-_____-_-- Corporation, to me
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~ known to be the persons described in and who executed the foregoing instrument, and severally acknowfedged the exe-
~ :~tion thereof to be their free act and deed as such officers for the uses and pursoses therein mentioned; and that they
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~ ~'fixed thereto the official seal of said corporation, and the said instrumsnt is the act and deed of said corporation.
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~ `.'JITNESS my hand and official seal at Fort Pierce ~Floridi,.~~ ~ , said county a,state.
~ This insirument prepared by r`
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~ 1~1m. E. Bzaun `~i ~ Notary:P~lic, +n for Stat and County aforesaid.
~ ~irst Federal Savings and Loan J~~
~ nssociation of Fort Pierce, Florida d~ ~;:G~~??~ssion E ires: ,~~'"-7- C, i 9~ ~
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~ Checked By _t~.~.- - _ , :~75
~'~e,~~~~~~~~~~'~ 1.;Gi_ Ui~S)~R'dr6iiTFKS, !f`IG
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