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HomeMy WebLinkAbout1679 To plxi •nd coroinuously kcep on tM build~nys now a fwrea[qr uruar~ on sa~d I~nd and on all equipnent ~nd p~~sonally tovered by thit mat¢ sp~, with all p~emium~ ~hareon pa~d in tvll, iire insuranc~ ~n th~ uiual sandard potKy fam. ir+ a sum approved by th~ MORTGAGFE, a~d winds~wm iniur~nct i~ tM uiu+l ~~anda.d pol~cy tam, in • sum approvad by tM MORTGAGEE, in ~uch compa~y o~ companies q tM A(WRTGAGEE may dinctj a~+d all tir~ and wind~torm insunnu polici~~ o~ ~ny o( uid build~nys, ~ny int~re~~ tl+~r~in or pa~t thereof, in tM ay9re9+~e wm afaes~id w in eac~u thereof, shall contain ~M usval standard mar9~ge~ cl~ute w s~th otMr cl~~s~ u tM Mort9a~~t may requ~r~. malinp IM Ioss unda sa~d poti~ cis~, each aod fVNy, payabl~ ro ~aid MORTGA'vEE a~ iti intercN may appear, and each and ~ve?y suth polity ~hall bt promptly ass yned and delivered ~o any hetd by uid MORTGAGEE as (u.~he. iecurity ~o sa~d mw~9a9e debt, and, not les~ ~lu~ ten (10) days ln advance oi the expiration of each policy, to d~- livtr ro ~aid MORTGAGEE • rtnewal ther~of, Iope~hN with a reteipt fw IM premium o( tuth renewal; ~nd there ~ha~l b~ no fire w windsto~~n ins~rince pl~ced on ~ny of said bvildinys, ~ny iNer~st ih~rein w part Iht~eof, unleu in tM form and wi~h tM loss par~bl~ as aiw~said: ~nd in 1F+e event ~ny sum of mon~y beco~nes payable under iuch policy « polkie~ tsid MORTGAGEE shaU Mw ~M oprion a?eceive and spply the san~ on accovn~ of the indabted- } ness satured hlreby o~ 1o pe~mil said MORTGAGORS to ~euive and uk it a any part thereol fa othcr purposes, v.ithout th:.eb~ wai~u~g or ~+~~pau• + iny any equity, lien or right unde~ a by vLtue of this morty~e: ~nd in the eve~t ss~d MORTGAGORS shall for any reason fail to keep the said p.emisas so insured, w fai) ro deliver pomptly any of said policies of insuranca to seid MORTGAGEE, w fail promp~ly to pay futly any premium therefor a in a~y resped (~il to pafwm, dixharge, exetuts, effett, comple~e, tomply witA ~nd ~bid~ by this covenant, w any part F?~reof, said MORTGAGEE may place and pay for such insurance or any pa~t thtreof without waiving w ~ffectinp any optan, li~n, puity, or ~ight unda w by virw~ ol this Mortgaye, and the full amo~nt of each and every such payment thall be immediately dw snd payable a~d th~ll bear interest from ths d~t~ thereof until ps~d at the ra~e ot nine per centum per annum and together with suth interest shall be secured by the lie~ of th~f mwtg~ye. To permit, commit w suffer no wast~, imp~irment w deterioration of said property or sny parl thereof. 5. To pay sll and singular the costs, chargcs and expenses, including a reasonable attwney's fee snd costt of abstrads of title, incurred or psid at ' any time by said MORTGAGfE, becavse or in the event of the failure on the pa~t of tl~e said MORTGAGOR 1o duly, promptly and fully perform, dixharge. execute, effrcr, tomplete, comply with and sb:de by each and every the stipulat~o~s, agreements, conditions, a~d covenants of said p~omiswry note and ~his mortgsge any w either, and sa~d cosn, charges and eapenses, e~cF, snd every, shall be immediately due and payable; whether or not there be notice de mand, anempt to colktt or suit pending; and the ful) amouM of e~th and e+rery svth payment shall bea. interes~ from the date thereof until p~id at tht rate of nine per centum per an~~um; and all said costi, chargd and expenses incurred o~ paid, together with such interest, shall be secured by tht litn of th~s mortysg~. ~ 6. That (s) in the evenf of any bresch of this Mortgage w defau~t on the part of the MORTGAGOR, a(b) in the evcnt any oF said sums of money ' herein referred to be not promptly and f~lly paid wiihin thirty (30) days nea~ afte? Ihe same severally become due and payabte, without demand a-notice, j or in the event each aod every the stipulaiions, agrermcnts, conditions and covenants of sa~d promiuory oote and this mortgage any o? ei~her are no1 . , iuly, promptly and fully performed, d~xharged, cxecuted, effected, completed, complicd with and abided by, then in e~ther w any iuch eve~t the ia~d ag ) gregate wm mentioned in said promissory ~ote then remaining unpaid, with iroerest accrued, and aIl moneys setured hereby, sFiall become due and pay- ~ ab~e forthwith, or thereafte~, at the option of said MORTGAGEE, as fully arcl completely as if all of the said sums of money were aiginally stipuSated = ro be pa~d on such day, anything i~ sa~d prom~ssory note w in this Mortgage to the contra~y notwithstanding; and thereuFon a thereafter at the opt~on of said MORTCaAGEE, withovt notice or demand, suit at law at in equity, therefore or thercafter begun, may be proseeuttd as if all moneys secured hereby had matured pnor to its institution. ~ 7. That in tlx evcnt that at the beginn~ng of o~ at a~y time pending any s~it upon this Mwtgage, w to foreclox it, or to reform it, or to enforce payment of any claims hereunder, ssid MORTGAGFE shall apply to the Court having ju~~sdic~ion thereof for the appointment of a Receive~, such Cour1 shall forthwith appoint a receiver of said mortgaged property all and singular, indudm9 aIl ard singular the income, profits, issues s~d reyenuea from whateve? sowce derived, each and every of wh~ch, it being expressly unders~ood, is F+ereby mwtgsged as if specifically- uf fwth and described in tFK gronting and habendum ctauses hereof, and such Receiver shal! have all the b~oad and effective funcnwn snd powers in anywiu entr~sted by a Court to a Receiver, and s~ch appointment shall be made by such Court as an admitted equity and a matter of absolute righl- to siid MORTGAGEE, snd without reference to the adequacy a inadequacy of the value of the p.operty mortgaged or to the soNency or insotvency of said MORiGAGOR o~ the defendants, and ~hat such rents, profits, income, iuves and revenues shal~ be applied by such Receiver aawding to the lien w equity of said MORTGAGEE and the practice of such Court. ~ ~ 8. To duly, prompily and fully perform, discharge, execute, effetl, complete, comply with and ab~de by each and every the stipulatior?s, agreements, conditions and covenanrs in. said ptomissory note and this mortgage set fwth. 9. That in the event the ownership of the mortgaged premises, a any part thereof, becomes veated in a pe?son other than the MORTGAGOR, the ~10RTGAGEE, its successors and auigns, may, without notice to the MORTGAOR, deal with such succeuor or successor in interest with reierence to this mo~tgage and the debt hereby setured in ihe same manner as with Mortgago? witFwuf in any way vitiafing w diuharging ehe Mortgagors lisbility berr under u upon the debt hereby secured. No sale of the premixs hereby mo.tgaged and no forbearance on the par~ of tFx MORTGAGEE w its successon or assig~s and no ex~ension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or auigns, shall operate to release, discharge, modify change or affect the wiginal liability of the MORTGAGOR herein, either in whole or in part. ~ 10. It is specificatly agreed that time is of the essence of this contract and that no waiver of any obligation herevnder or Qf 1}~e.~Fig~fiAn.~e- ~ cured hereby shail a~ any tirrK thereafter be he~d to be a waiver of the te~ms hereof or of the instrument setured herby. C~ ' I 1. In addit~on to the forega:ng monthty payments of princ'pal and inferest required by the promissory no!e secured huebr, /I~fgagor 1AVenants and agrees to pay to mortgagee with ench momhly payrnent an addir'anal sum estimated by mortgagee fo be equal to 1/12 of the ap'~~Icost of ihe follow-•. : + t- .c ing: - ~ ~ : : . • - _ • - : r : A-All real property taxrs levied or auessed against thc above described real estate. y: - B-Premiums on fire and windstorm insurance as herein req~:red to be tarried o~ the improveme~ts situate on the above destr'~¢a, pr~mises: C.' „ C-Premiums on such matgage guaranty insurar,ce as mortgagee shall f?om time to time deem fit to carry on the Iwn setured-}~ereby. • Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereundt? and ~uch sum shall the?l~on ~fe•dlie~~f Fayabte on tAe due date of the next monthly payment and each successive month thereafter ur,til mortgagee shall notify mortgagor of a: chaug~ Jn-su~rJ~~` ; a~:ount. Such sums shalf be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guai6fily~:~nsurdnte • p~emiums. ~ ~ IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first afwessid. ; ~ Sgned, Sealed and delivered in the Preu~ of: F~~ED ANp RECJRDF Q ON CORPORATI~i ~ ST.l13C~E COUNTY FLA• • ,p ~ RGGch P~~TRAS a ~ 3 CLERK Ci;~~U~~ COUaT~" •n ~ r,~~;". ':E(t~FtEO~~~t•t9 Sea4 • a ~ a~ Seaq . ~ ~ ~ 9 ~i'~~ STATE OF FLORIDA COUNTY OF 5T. LUCIE ~510~ ` i da of__ ~~h A.D. 19~ ~ I HEREBY CERTIFY, That on this ~ ~ y , , i before me personaily appeared - AaZel J. Aal'2'is and F2'atlklitl A. Ha2Tis respectively President and Secretary - , of j _ H~RRI~ CONSTRIICTION CORPORATIO~N a Florida _ Corporation, to me ` ~ known to be the persons described in and who executed the foregoing instrument, and severally acknowledged fhe exe- ~ i ~ cution thereof to be their free act and deed as such officers for the uses and puiposes therein mentioned; and that they ~ ~ affixed thereto 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 county and state. ~ This instrument prepared by . ~ T~. E. Braun . . ~ . ~ = irst Federal Savings and Loan Npi~cY;,~Wi~in, and or State and County afo~esaid. 4 ~ association of Fort Pierce, Florida ~~',.~~tt! .~".ssiqu~ ~`zpires: . 6~ ~ ~ ~a ~ ~ J- .'~1 . .J. " ' ~ / . Checked By _ , ; g~RKz~z PACEIV~ . - - - - - - ~ .~r~~ ~ }'~'x a'~ A F r +~a' R f5+~' Lfii s' ~ . ill~ ~:F .