HomeMy WebLinkAbout5893 3. To place and c^~~%^...~~sly keep on rhe bw'~~~~gs now oi herraiter ~~tuate on said tand and on aG eq~:p~~lent and personally coverad by th~s mortg-
age, with ail prem~u~~s therron pa.d m 1u11, fue insuroncc in ~hr us~.ti 51d~~di(I po~icy form, in a swr arpru+rd by tha MVR~v%~G:E, and windsto~m
,nSUf~M! in the usual standard pot•ty (onn, in a sum appraved by fhe MORTGAGEE, in such company o~ com~,an~:es aa ~he MORTGAGEE may
duect; and all fue and w~ndsrorm insurance po!~cees on any o( sa~d bui~d.ngs, any intereat therein or part thereof, in ~he aggrrgare w~~ aioresaid or
in excess thereof, shatl ;omain the uiual standard morr9~gae dausa or su:h ofher c!ause as the Monyagee may requ•ro, maA~ng ~he ioss undar sa~d pol6
c~es, each and every, payab!e to sa~d MORTGAGEE aa ib ~nterrst may appear, and each and e~ery such po~~cy ihall be pro~~~pry ass g~~ed a~~d de~i.~rcd to
eny held by said MORIGAGEE as fwther s°writy ro sa~d ~~~ortg~ge deb~, and, not leu than ~en (101 days in adYance of ihe ex~~~~a~~on of each policy, to de-
I!ver to sa;d MOR~GAGEE a renewal rt~ereof, toge~hcv w~~h a rece~pt for the prem~um of such ronawal; a.~d there shail be ~~o {~re w w~~~d:ro~m insvrance
plated on any of sa~d buitdings, any interest there~n or part the~eoF, un!ess in the fonn and w~th Ihe loss payabte as aforesaid; and in the ereM any sum
of money becomes payabte undcr s~ch policy or poi~ciNS sa~d MORiGAGEE -sh~il have the opt~on to ~ece~ve and apN:y the sa~ne on acco~m o( ~he ind~-of~d-
ness secured hereby or to permlt sa~d MORTGAGORS to recri~e and uu it or any part tne+roi fcr ot~.er pu~,_~s~ s,
~ng any equ~ty, lien or riqht under or by virtve of ~his mor'yage; and in the eveni sa:d MORT(;AGORS shall for any rcoson f~~l ro karp tt~e sa~d pre:~~~sas so
~nsured. or fail to delrver promp~ly any of sa~d pol~eies o) insurance to sa:d M:.~RTGAGEE, or iad pronepNy to pay fu~ly any p~r ~~~~~n thrr~for or ~n any
respect fail fo perform, dncharge, execure, eftect, con+plete, comply with and ab~.le by this covenant, w any pa~t ~rreof, se~d M'v2TGAGEE may piace a~~d
pay for such insurance or any part thereof w~thout waiving or afie:~ing any opt:o~, lien, eq~~ty, or ri~ht under o~ by vfnue o~ ~his Mo~tgage, and the
'~!I amount of eaCh and every such paymeN shall be immediately due and payable and shall b?ar interest lrom the date thercof unti? pwd at the tate of
~~~ne per cent~m per ann~m and to~ethar ~ni:h such intr+csr snali be srcured by the I~en of th~s morigage.
1. To permit, comm~t w suifer na waste, impainnent or dctrr~oration of said property or any part thereof.
S. To pay all and singular the cos~s, charges and expenses, ~nduding a reasonabte attomey's fee and costs of abstracts of tlv'e, in:ur.ed or pa~d at
jny time by sa~d AtORiGAG:E, because w in the evrm of the faiiure on the part of ~he sa;d MORSGAGOR to duty, pro-•~pdy a~d fu,:y pe~form, d~scharge_
_.ecute, eifect, comFlete, comply w~th and ab de by each and eve+y rhe stip~latiOns, agreements, tonditlons, and covenanta oi sa~d promissory note a~:d this
,~ortgage any or e+rher, and sa:d cosrs, charges and expenses, each and every, shall be immediatety due and payab:e; whrrher or not ahero be nonce d~
mand, attempt to tollect or suit pend~ng; and ~he fu~l a~nouN of each aed every such paymem shall bear interest from the dare thereof until paid at the
o~ n~ne per cc~tum per eu~~u:n; snd al~ sa~d costs, cnarges and ixp<nses ~nturred or pa~d, togetner wah such inte~est, shall be srcured by the I~en of th;s
mortgage.
6. Tha! (a) in the eveM of any breach of th~s Mortgage or defaufe o~ the part of thc MORTGAGOR, or ;b) in the event any of sa'd sums of mo~ey
h,rein referred to be r.ot promptly and futly paid within thuty ~30) deys neat aTh:r the same severa:ly become due and payab!e, witho~t demand or notice,
or ~c) in the evem each anJ every Ihe s?ip~lations, agreements, cond~s~ons and covenanrs of sa.d pro~n~sso~y note a~id th.s mortgage any or eithrr are not
ju~y, promptly and iuSly performed, cl:scharged, exrcured, effecred, comptered, comp;~ed wiih and ab~d~d Sy, then in e.thrr or any such event the sa:d ag-
~-egate sum mentioned in said promrssory nore the~ remalning ~npa~d, with ~ntere;t acuued, and a:t moneys secured hereby, st~all become due and pay
eo e forthwith, or th:reafrer, at the opnon oi sa~d MORTGAGEE, as fully and comple~ely as if a~! of the sa~d aums of money v.ere or~g~naHy s~~putated
0 6e pa:d o~ such dey, anythmg in sa:d prom~ssory note or in this 1tlortgage to th? contrary notwithstand~ng; and thereupon or thereafter at the opl~on of
s: d MORTGAGEE, w~nc~:,t nor~ce or demand, su~t at !aw or in equ~ty, therefore or thereofter begun, may be prosecuted as ~f all moneys secured hereby
n_d matured pnot to ds mst~t~hon.
7. That in the event that af the beginn;ng of or at any t~me pending any su~t ~pon this Mortgage, oi to fo~eclose it, or to reform it, or to enforce
F~»rr.ent of any claims he~eundrr„ eaid MORTGAGEE shall epply to the Cou~~ havi~zg ~ur~sd:c~~on thereo! tor the appo~nfn,e~t of a Receiver, auch Covrt shafl
rc~rhwith appoiM a~eceiver of said mortgagcd property all and sin~uEar, indud ng ait and s~nguiar tt~e ir,ccint, p~ol~ts, iss~es and reve~~ues from whateve~
s: ;•ce de~ived. each a~d every o! wh;ch, 1t bzing expressly unders~ood, is hereby mortgaged as ~f spec:i~cal;y set fc~rh and described in ~he gran~i~~g and
ohendvm daoses herrof, and such Receiver shali have all the broad arid effect~ve f~nct.ons and po~vers in ar.yw~se enfr~sred by a Co~~t to a Recei~er, a~~d
s_.h appointment shall be made by s~ch Court as an admitt~d equity and a rnatter of abso~ute nght to sa~d MORiGAGEE, and wifhout reference to the
a.i--auaty w inadeq~acy of the val~e of the property mo~tgaged or to the so:vency or ~nso:vency of sa~d MORTGAGOR cr the defenda~its, and ihat such
~.~•~•s, profits, incorne, issues and revenues shail be apptied by svch Rece~ver accorti~ng to the lien or equity of sa~d MORIGAGEE and the praclice of such
lo~rt.
8. To duly, promptiy and fully perform, d~scharge, execute, effect, complete, comply w~th and abide by each and every the stipulations, agreemer.ts,
c~nd~t;ons and covenanr: ~n sa~d prom~ssory note and th;s morrga3e set forrh.
9. That in the event the owr.enhip of the mortgaged prem;ies. or any part thereof, becomes vested in a perwn other than the MQRTGAGOR, the
:'~RTGAGEE, its s~ccessors and ass~gns, may, wlihouf no++ce to the ,ti10RTGAOR, deal waih such successor or successor in interes? with reference to thls
c,o•tgage and rhe debt hereby sec~red in the same mannct as v:~ih M.or~yago. without in any way vitlating or d~scharging the lAortgagori liability here-
~.-,der or upon the debr htreby irc~red. No sa(e of ihe Fren,lses hereby mor~gaged ar.d no forbeara~ce on the part oi the A10R1GAGEE or its successors
er assigns and no ezten:ion of the t~me ior the payment of tho d:bt hereby secured given by the lJ40RTGAGEE or its successo:s ot ass~gns, a~:ail operate
ro re~ease, d~scharge, mudify change or affect the ong~nal Gab.lny of ~he N~ORiGAGOR herein, e+ther in whole or in part.
' 10. It is spec+fica~ly agreed thar t~me is of the esser.~e of thls contract and that ~o waiver of any ob~~gation hereunder or of the obtigation se-
c red hereby shall at any time thereahe~ be he!d to be a waiver of the terms hereof or of the instr~meM secu~ed he~by.
l l. In aod.tio~ to the foregc ng R~onrh!y paym_nis of ;:ri:~; paf and int~:est requ~red by the prom sscry no~e secured her~rby, mortysgor covenants
, d aq.ees to pay to mo•tgagee with each mwish`y pay~,~ent an adu.;~onal sum es' + ated by mortyagee to be eq~al to 1 12 of the annual cost of the folVow-
I ' A-All real prope~•y taxrs lev~ed or assessed ogai•~st th~ above ci~_sc~ibcd real esrate_
; B Pr~~:~a:r_s on f:re ar.d .:::.dsr~::n ~r.s~:ai:ce as he;~:n reti~:r:d to b_ carricd e~ the :m;:~ovements s:t~ate on the above dcscr~bed premises.
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€ C-Pre~niun•s on svch n~orf~;ge yuaranty ~rs~~rar ce as mo•tgayee sha;l 'ro^• t~r•e to tirr~e tieem fit to carry on the loan sec~red hereby.
Mortgagee sha~l from tf~ne to ~i~e notify mortyager i~ wnNng of the ar~~oum due and payable here~ndrr and such s~:n sha!t thereupon be due and
.~r~b1e on the dve date cf ~he ncut ~:1J~~fR.~ poym~•ni a•id each wccesvve month thereafier ucn{ mortgagee shall not~fy mortgagor cf a change in such
t ;unt. Such su:~~s s!~a:i 6e apF.`~e~ by mOrtgag^e tor.ard the pe~ment of rea{ propert•~ taxes, insu:a.xe prem.ums, and mortgage gvaraniy insurance
~ •er~;iums.
~ IN N11TrJESS `.VHEREOF, the sa~d MORTGi.GOR has hereunto se! his ha,;d and seal the day and yea~ first aioroSaid. '
a `~S~ ned, Sealed and dei" red ~n,the presence qf~lED 4~tp RECOROEp N~IRRIS CONSTRI~TION ORPO TION
f ST. LUCiE COUNTY FLA. +(seaq
} i ROCER F'vITRAS BY: 1~~-. ~
; CLERK Ci::CUit COURt V leri ~ V. H r s Vice Pre~c~ent
i _ ___EtECOP.C YER~FcED.~.~,~ ~ _ s
~ l , 7'~ , (Seblj
~ I~ 3~~ PH ~~3A~S i Franklin A. H is, Setretary ~
~ 24563~ ~ ~o `'.",o
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~ ;:TATE OF FLORIDA COUNTY OF 5T. LUCIE ; ' ~ `t
~ :u: ~ 0 1~ -
~ 1 HEREBY CERTIFY, That on this _ ' _ day of_ _____.ia.nuaz~-_-__ ' ; A.D• C9 •c ` _
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~ Valerie V. Harris F anklin A. Ha~Y~ :
~ ..~*ore me personaily appeared _ and _
E
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< ~ Vice_ President and _ Secretar ~ ~r
~ ~pectivery - Y - '
a ~ t ~
~ __~ris_GonStruc~i~ _~zpQ~~~]_4~ a-- -F~Q~.ls9a.- Corporatibh; ~to me
g
~~~~,rvn to be the persons described in and who executed the foregoing insirument, and severally acknowiedged the exe-
- _.;~±on thereof te be their free act and deed as such officers for the uses and pursoses therein mentioned; and that they
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~~~~xed thereto the off:cial s~al of said corporation, and the said instrument is t'~e act and deed of said corporation.
_ :`~'iTNESS my hand a~d official seal at Fort Pierce , said county and state.
This instrument prepared by • ` • ~
'tirn. E. Braun - . ~ .
~irst Federal Sav:nc~s and Lot?~,AssQCit~xio~otarjt Public, i and for Stare and County aforesaid.
'ti~ ort Pierce, Florida . ~ : ' My'Commission Expires: ,Qr~.y. G~ / 9~3
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3 Checked By _~~L-.__ ~ ~ , - , •
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bOQk ~~9 PlGEzp~ ~
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