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HomeMy WebLinkAbout1488 To plac~ and continuously keep on tAs bui!dingt ~ow w hereahe~ utu~te on sa~d land and on all cqutpmant ~nd p~no~+lly covered by thii ma~g~ witl~ ~~t premium~ the~eoe~ pa~d iull, fir• insur~ncs ~n the ufual sund~rd policy fwm, in a sum approv~d by ths MORiGAGEE, and windstam inwra?c~ in tM usual ~~andard po~~cy lam, in ~ ~um ~pproved by tM MORTGAGEE, in such canpany or companies ~s tM MORiGAGEE may d'u~ctj and ~II fi~~ and winditorm insur~nce polK~e~ on any o( isid build~rg~, aey i~tere~~ the~ein a p+?t ~hereof, in tM a~g~t9+te tvm ~fa~qid ot in ~xtess theraof, ~MII comain ~M usual standa~d mat~a~e~ tlause w suth o~ha claus~ ai tM Mortpa9t~ may ?equ~r~. makinp tM loss under sa~d pcli~ ci~s, each and every, p+yab~~ to sa~d MORTGAGEE as ~ti imerest may ~ppea~, and each ~~d every ~~ch poiicy ~hall be prompHy au.qned and delivered ~o ~ny heW by s~id 1NORTGAGEE as furlher secvrity ~o said mat9age dcbt, and, nor ku than ten (IOI d~ys In advance of the ~xpiration of e~ch policy, to da liwt to said MORTGAGEE a re~ewal thereof, to~ethH witl~ a receipt fw the premium of tuch rcnewal; snd there ~hall be no fire o~ wind~lorm insurance plsced on any of said buildingi, any iNeretl fherein w parl thereof, vnleu i~ the iwm and with tM lou payabl~ as aiaeuidj and in the event any tum of rtwr»y becomes payable unda~ :uch policy a pol~cies wid MORTGAGEE shall Mvs tM option to receive and ~pply the iama on ~ccount of ~he indebted- neu tecured he~eby w M permit said MORTGAGORS to rcceive and us~ it or a~y parl thereot for othe~ purposes, withour th:rrb/ waivi~y o. ~mpair- irq ~ny equity, tian w righl under a by virtve of this mortg~pe; ~nd in the eve~t sa~d MORTGAGORS shall fw ~ny reason fail to keep ~he taid premisei so inaured, ot fail to delive~ promptly a~y of said policies of insursnts to said 1NORTGAGEE, a fail promptly to psy fully ~ny pre~nium therefw a in any respect tail ro p~rfam, discharge, execute, effect, complete, comply with and abide by this covenant, or any part he~eof, said MORTGAGEE may p~ace and pay for t~th insurante ot any part tF+e~eof without waiving w affectirp a~y option, lien, equity, w?igM undm w by virtue of this Matgsge, and tht full amount of each and eve~y such payment sF?all be immediately dve and payable and shail bear interest from the date thereof until paid the rate of nine pe~ centum per annum and together with tuth inte~est shall be secured by the lien of this mortqage. 1. To permU, commit w suffer no wasfe, impairment o~ deteraration of said property or +ny part thereof. 5. To pay all ar+d si~guls~ the cost~, tharges ~~d expenses, including s reasawble anwney i fee and costs of abstrscts of title, incurred or paid at any time by uid MORTGAGfE, bccause w i~ the event of the failure on the part of tAe said MORTGAGOR to duly, promptly and fully perfwm, d~scharge, execute, effect, complets, comply with and ab~de by eath and every the atipvlatior~s, sgreements, conditions, and covenants of said promissory note and this mwtgage any or either, ~nd said costs, charges and expenses, each and every, sMll be immediately due and payable; whether w not there be notice dr mand, attcmpt to collect w suit pend~ng; and the f~ll amount of each and every s~cfi payment ihall bear interest from the date theieof u~til paid al the rate oF nine per ce~tum per annum; and all said costs, charges and expenses incurred w paid, together with suth interest, shall be secured by the lien of thia mwtgage. 6. ?hat (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, a(b) in the event any of ss~d s~ms of money herein referred to be not promptly and fully paid within thirty (30) days ~ext after the same uvrrally become due and payable, without demand w notice, or (c) in the event each and every the stipulations, agreements, conditions and coven~nts of sa~d promissory note and th~s mortgage any a either are not ~uly, promptly and fvlly performed, discharged, executed, effected, completed, complied with and ab~ded by, then in either w any such event the said ag gregate wm meMioned in said promissay note then remaining unpaid, with interest sccrued, and all moneys secured hereby, shall become due and pay- able forthwith, a the~eafter, at the option of uid MORTGAGEE, as fvlly and completely as if all of the wid sums of money were originally st~pulated to be paid on such day, anything in said promissory note oi in this Mortgage ro the contrary notwithstanding; and thereupon or thereafter at the oplion of said MORTGAGEE, without notice or demand, svit at law or in equity, therefore w thereafter begun, may be prosecuted as if all moneys secured hereby had matured pnor to its institutan. 7. That in the event that at the beginning of or at any time pending any suit upa? this Mo?tgage, w to iweclose it, w to refwm it, or to enfo?ce payment of any claims hereunder, said MORTGAGEE shall apply to 1F~e Court having jurifdiction thereof for the appantment of a Reteiver, such Court shall forthwith appoint a receiver of said mortgaged property atl and singula?, includ~ng all and singular the income, profits, iuues and reve~ues from whatever source derived, each and every of whKh, it be~ng expreuly understood, is hereby mortgaged as if specificall~i set fortA~ and desuibed in the g~anting and habendum clauses hereof, and :uch Receiver shall Aave all Ihe broad and effective funct~ons and powers in anywix entrusted by a Court to a Receiver, and such appointment shall be made by such Court as an admitted equity and a matter oi absolute ryht to sAd MORTCaAGEE, s~d without reference to the adequaq a inadeqvacy of the value of the property mwtgaged or to the so~vency or insolvency of said IVIOATGAGOR a ihe defendants, a~d that such rrnts, profits, income, iuues and revenues shafl be apptied by such Receiver according to the lien or equity of said MORTGAGEE and the proctice of such Court. 8. To duty, promptly and lully perform, discharge, execute, effect, tomplete, comply with and abide by each and every the stipulatian, agreemenfs, conditions and covenants in sa~d promissory nofe and this mortgage set fwth. ~ 9. That in the event the ownership of the mwtgaged premises, or any part thereof, becwnes vested in a person other than the MORTl'sAGOR, the MORTGAGEE, its successon and au~gns, may, without notice to the MORTGAOR, deal w~~h such successw or successor in interest with reference to thia mortgage and the debf hereby secured in the same manner as with Mortgagor without in any way vit~ating or d~schargiru~ the Mortgagors' liabiliry herr under or upon the debt hereby secured_ No sale of the Fremixs hereby mortgaged and no forbearance on the part of the ?AORTGAGEE ot its successors or assigns and no extens~on of the time fw tF~e payment of the debt hereby secured given by the MORTGAGEE or its successors w augns, shall operate to release, discharge, modify change or affect the orginal liability of tF~e MORTGAGOR herein, either in whole or in part. 10. It is specifically agreed thst time is of the cssence of this contract and that no waiver of any obligation hereunder w of the obligation se- cured hereby shall at any time thereaFter be held to be a waiver of the terms hereof o~ of the instrument secured herby. 11. In addition to the fwego:ng monthly payments of princ"pal and inte~est required by the promissory nore secured hereby, mortgagor tovenanis and agrees to pay to mortgagee with each monthly payrnent an addir;onal sum estimated by mortgsgee to be equal to 1/12 of the annual cost of the follow- ing: A-All real property taxes lev~ed or azsessed against the above descri5ed real estate. B-Premiums on fire and windstorm insurance as herein requ~red to be carried o~ the improveme~ts situate on the above desuibed~p~remices_. ; , ' C-Premiwns on such mortgage guaranty insurance as mo.tgagee shall from time to time deem fit to carry on the ba~ secured, ke~$~y~;•••••.,.=.' , Mortgagee shall f~om time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall Mu4evY¢on be d1$~ eh~f'..~. ' ~ayable on the due date of the next monthly payment and each successive month thereafter urtil mortgagee shall notify mortgagW,"O'f %a ci~+oy~ ~n sucFi• i~ amount. Such sums sF.all be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and morfgage~ Quarintr~ i~~nt` i premiums_ " _ ` - j IN WITNESS WHEREOf, tF~e said MORTGAGOR has hereunto set his hand and seal the day a sr first aforesaid. V • ~ gned. Sea and ed in the presence of: . S~N TI O~,AZ~ON ~ FILED AND RECOROEO $y; • C ~ - ( ST.IUCIE COUMTY FLA_ ~ g~ , • : ROCf ~ ~d~TRAS _ ,!1~- CLERK C~:tCUIT COURT'~_ Attggt;:.- s~c `an fEECORrt VEF.~= tFD~.:_.~- . - - - - - - - ~tt T-~ 1! 1M~~ - - - - - - - - - 25U92'7 - STATE OF FLORIDA COUNTY OF ST. LUCIE I HEREBY CERTIFY, That on this 28th day of I'~eb1'u31'S? , A. D. 19~-, before me pe~sonally appeared Hazel J. Harris and Franklin A. Harris ~ respectively President and - Secretary , of ~ HABRIS~'..L?NSTRIICTI~N C~RPORATIOIW Florida~ Corporation, to me ~ known to be the persons described in and who executed the foregoing instrument and severally acknowledged ihe exe- ~ cution thereof to be their free act and deed as such officers for the uses and purposes therein mentioned; and that they ~ ~ affixed ihereto the official seal of said corporation, and the said instrument is the act and deed of said corporation. ~ ~ WITNESS my hand and official seal at Fort Pierce , said coun and state. ~ This instrument prepared by Wm. E. Braun plotary Public, i nd for State and County aforesaid. ~ First Federal SdVingS and LO~ .J My Commission Expires• /~L.c.'. G~ i 97S ~ Association of Fort Pierce, Florida•- ~ - ~ ~ • - _ . - - Checked By ~ - Keturn Y~ BOGK 21~ PACF1488 ffrst Federai Saving ~ Lo~n Asst1. ~ d f ott Pi~rce. Floriia ~ ~ ` - ~-'-~~..zrx 5~~' -c~' y,.~'" ,r ~';7~~~~;.=~ _ c.~ a . a;