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HomeMy WebLinkAbout0203 To plu~ and contimiously keep a+ tM bu~!dings now w htrsafN~ fituaq on said I~nd ~nd on +11 equipme~t ~nd p~non+lly cover~d by this mat~ sy~, with all premiums thereon paid in 1u11, fire insu~~nca i~ 1M usual standard polity fwm, in ~ sum ~pprovtd by tM MORiGAGEE, a~d windstorm inau~~~?c~ in th~ uswi ~undard pol~cy fam, in • ium approved by tM MORTGAGEE, in svch company o~ con+W~~Q~ ~s ~he MORTGAGEE m+y dir~dt and ~II firs and w~ndstorm iniura~+u policies on ~ny of said buildi~ps, ~n~ Interest therein or p+?t thereof, in ~M +~rcy~te ~um afa~isid w In sxceaf Ihereof, ihall contain tM uswl standard ma~9a9k claus~ a ~uch o~her clavs~ u th~ Mal~a9e~ may ~equ'n~. makinp tM loss vnda ~a~d pol} cies, each and ~very, payablt /o ia~d MORTGAGEE as its interes~ may sppear, ~nd each a~d every such poliq sh~tl be promptly +is:yned and delivered to any Mld by said MORTGAGEE as further secu~ity to uid mor~yage debt, and, not less tMn ten (10) days in advance ot ~M expir~tion of e+ch policy, to da liwr to wid MORTGAGEE s ~enewal the~eof, ?opether with a raceipt fw the premiwn of such renewal; and there ~h~ll be ra fire o~ windatorm ins~rance plac~d on ~ny of faid buildirgs. ~ny ioterest therein or p+~l the~eof. vnless in tM form ~nd wifh tM loss payabl~ as afwssaid: aad io tM event a~y tum ; of money becomes payable under such polity a polkiei s+id MORTGAGEE ~hall have ths option to receive and apply the same on account of tM indebted- ~ ness tecured hereby or ro permit said MORTGAGORS to receivf +nd us! if a any pa~t thereof fw other purposet, without Ih:reb/ waivi~ig w unpai~- ing any pu~ty, lien or right under w by virtve of this matgage; and in ths evero said MORTGAGORS shall for any reaton fail to keep the ssid premises w insured, a fait ro deliver promptly any of said polities of insurancs to said lNORTGAGEE, w fail promptly to pay fully any prcmium therefot o~ in snY i re:pect (sil ro perfwm, diuharge, execute, effetl, complete, comply with ~nd sbide by this mvenant, o~ any part hsreof, said MORTGAGEE may pl~ce and ~ pay fw svch ir?turante or any part the~eof without wsiving a ~ffettinp ~ny option, lien, equity, w right vnder o? by virtw of this Matpage, ~nd the i full ~movnt of each and ev~ry such payment shall be immcdiately due and payable and tMll bear i~teresl from the date thereof u~til paid at the rate ot nine pe~ tentum pN annum a~d to~etAer with ~uth interest tha~l be setured by the lite~ of this mortgsge. - I. To permit, commit or suffer no wasro, impairmem a deterioration of said property or ~ny part thereof. S. To pay ali and singular the costs, charges s~d expenus, i~+cluding a reasonable stto~ney i fee and costs of abstracn of titls, incurred w paid st any time by said MORTGAGEE, because w in the evtnt of Ihe failure on the part of thd taid MORTGAGOR to duly, promplljr and fully perform, diuha~ge, execute, effect, tamp~ete, comply with and abide by each and everyr the stipulations, agrerments, conditions, and covenants of seid promi:sory note and thii , mortgaye ~~y w either, and said costs, char~es and expenses, esch and every, shall be immediately ~ue a~d payable; whether or not tF+ere be notice de~ i mand, attempt to to11M a suil pend~ng; and the (ull amo~rM of each snd every such payment shatl bear interest from the date thereof until p~id at the rate of niru per centum per annum; and all said costs, charges and expenses intur~ed w paid, logether with such interest, shall be setured by the 1'~en of thi~ mortyags. , b. That (a) in ths eve~t of any breach of this Mortga~e a~default on tM part of the MORTGAGOR, or (b) in the event any of said swns of rraney herein referred to be rwt promptly and fully paid within thirty (30) days next afte~ the same severally become due end p+yable, wi~hout demand w ootice, or (c) in 1he eve~t each ~nd every the stipulations, agreemenb, conditions and covenants of sa~d promiuory note and th~s mwt9sge any a either are no1 iuiy, promptly and fully performed, d~scharged, executed, eifected, compkted, complied with and abided by, then in either or any s~ch event Ihe s+id ag gregate sum mentioned in said promissory note then remaining unpaid, with interest acuued, and all moneys secured hereby, sha~l' betome dus and pay- eble forthwith, or thereaiter, at the option of said MORTGAGEE, as fully and compietely as ii all oi the said sums of money we~e wiginally supulated to be paid a? soch day, anything io said prom~ssory note or in this Mortgage to ~he contrary notwithstanding; and thereupon or thereafle~ at the option of said MORTGAGEE, without notice or demand, suit at law or in equity, ti~erefwe w thereafter begun, may be prosetuled as if all moneys setured hereby had matured prior to its institution. . ~ 7. That in the event that at the beginnirg of or at any time pending any wit upon this Mortgage, o~ to fqeclose it, w to refam it, a to enfwce payment of sny claims hereunder, said MORTGAGEE shall apply to the Court having~jurisdiction thereof for the appointment of a Receiver, such Co~rt shal) ~ forthwith appoint a ~eceiver of said mortgaged property. all and singular, includ~ng all and singulsr the income, p?ofits, issues and revenues from whatever source derived, each and eYery of which, it being expressly unders~ood, is hereby mortgaged at if specifically set fath and dewibed in the granting and t habendum clauses hereof, and such Receiver shall have all tht broad and effective fund~ons and pow~n in anywise entrusted by s Court to s Receiver, and such appoiNment shall be made by suth Covrt as an admitted equity and a matter of-absoluFe right ~tb' said MORTGAGEE, a~d withoul rcfeiente to fhe adequacy w insdequacy of the value of the propery mortgaged or to the sovency w insqlvency oi 'said MORTGAGOR or the defe.nJants, 8nd that such rents, profiri, income, iuues and reve~ues shall be appiied by suth Reteiver according to the lien or equity of said MORTGAGEE and the practice of sych Court. _ _ . 8. To duly, promptly and fulty perform, d~scharge, execute, effect, mmplete, comply with and abide by each and every the stipulatio~is, agreements, conditans and covenams in said promissory note and this mortgage xt forth. 9. That in the event the ownership of the mortgaged premises, or any part lhereof, becomes vested in a person other than the MORTGAGOR, the 1 MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal w~th such successor w successor in interest with reference to this ~ mortgage and the debt hereby secured in the same manner as with Mortgagw witho~t in any way vitiating w dischargirg the Mortgagors' liability herr under a upon the debf hereby secured. No sale of the premixs hereby mortgaged and no forbearance on the parl of the MORTGAGEE or its successors or assg~+s and no eztension of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its successors w auigns, shall operate tu release, d~xharge, modify change w affect the original liability of the MORTGAGOR herein, either in whole or in part. 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obl'~ition sa-' ' cured hereby shall at any time thereafter be held to be a waiver of the terms hereof a of the instrumeM secured herby. - . ~ ~i ~ )1. !n add~tion to the fwego:ng monthty payments of princ'pal and interest requ:red by the promissory note secured hereby, r~q(tg~ir. ~eq ~ and agrees to pay to mortgagee with each monthty payme~t an addirional sum estimated by mwtgagee to be eqval to 1/12 of the anrp?A~cps}b(1laeff0lb•.s • . t ingc ' d • / A-AU real property taxes levied or assessed agai~st the above described real estate. ~cr~ _ 'D1rea' : : ~ ; B-Premiums on fire and windstozm insurance as herein requ~red to be carried on thr improvements sitvate on ihe above ~ ~ses. ' ~ C-Premiums on such mortgage guaranty insurar,ce as mortgagee shafl from time to time deem fit to carry on the ban sRVj~l4he~eby. . ~ Mortgagee shall from time to t~me notify mor~gagor in writirtg of the amouM due and payable hereundn and such sum ~R"~e~P4~~Ydr a • ~ Fayable on the due date of the next monthty payment and each successive month thereafter ur.til rtwrtgagee shall notify moiJgagq~_ a chanj~ i~su~ ' ~ amount. Such sums shall be appSied by mortgagee toward fhe payment of rea) property tazes, insurance prem.ums, and mc~1§~gC~uarant~r ~Oayia~~ premiums. 1-: • 'y i : .r N WITNE55 WHEREOF, the sa~d MORTGAGOR has he.eunto set his hand and seal the day and ear first afwesaid. D ~y . ned, led an iver in the presence of: ~ ++v": • F~.~E~~M_ rFCes~o B7'= ' $ n si.s.~u=r_cet~~tr f~a. ~ . Po~'~ '~'a~s Attest• . CLF.r^_F._~ _:.IT ~J~JRT ~ Seaq oF,...F., . , • , ~ n - 9 26 ~'1~'~~ - ~ ~54291 ~ STATE OF FLORIDA ~ COUNTY OF. ST. LUCIE ~ I HEREBY CERTIFY, That on this day of ~ , A. D. 19~-, R before me personally appeared He~el J. H8='~'is a~ Fr81~1c13n A. A82`!ie t respectively President and Secretary , of HARRIS CONSTRIIC?ION CORPORATION a Florids Corporation, to me known to be the persans described in and who executed the foregoing instrument and severally acknowledged the exe- cution thereof to be their free act and deed as such officers for the uses and purposes therein mentioned; and that they ~ ~ affixed thereto the official seal of said corporation, and the said instrument is the ad and deed of said corporation. WITNESS my hand and official seal at Fort Pierce , said county and state. This inst.rmient P~'ePa?rea t~y F~ - . : ~ : ~,t : Wln. E. Braw~ ' • ~ } f, in a r State and Coun aforesaid. First F~ederal Sa~inga and Loan ' ~ . ~ _ ` pl~, ~Y A.ssociatioa of Fort P3,erce, FloridaY'~~*= ;"t'~i`~Y' . yln Expires:~ti.~. 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