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Home My WebLink About0838 3. To place and cont~nuously keep on the tu+!d.ngs now or hareatter s~tuate on said Iand and on ali eq~~~~»enf and persona!~Y toveicd b~ ihis mdtg- sgs, w~th •I) premiums thereon pa~d in full, fire insurance in the ~sual uarxle~d polity 1orm, in •~um app~o.rd by the MORiGAGEf, a~d w~nda~am insurance in the utual ~tandard pol:cy fo~~n, in a sum app~oved by the MORiGAGEE, in such compsny or c~r+pan~es as the N.02iGAGEE msy direch and alt firo and w~ndstorm insurance po~iues on sny of sa~d bu~id~ngs, ~ny in~eresl therein or part the~eof, in ~he agg~ry~+e •um ~faesa~d or In extesf thercof, s~all comain the usual atandard more9agee clause w such o~he~ da~se as the Mwtgagee may requ.re, making the last unde~ sa~d pol~ cies, each and every, parab'e to said htORTGAGEE as ~ts iroerest may appear, and each and every iucA po~icy sha11 be prompuy ass gned and detive~cd ~o •ny hrld by sa~d JVIORTGAGEE ~s iur~h_r security to sa~d mwtgage debt, and, not lesi than ten (10) dsys in ad~ance of the expuat~on of each poGCy, ~o dr Gw~ to taid MORiGAGEE a reoewal thereof, together with a rece~pt fo~ the premium of such renewat; and there shall be no f~re w~~datorm insurance pl~ced on ~ny of sa~d build~ngs, any interest ~here~n or part tiie+tol, ~nless in the form and wifh the loss payab:e as aforeu~d; and in the e~ent any tum of money become~ payab~e ~nde~ s~ch policy w poGues said MORTGAGEE shall have ~he opt~on to recr~ve aud app!y the aaine w? sccw+m of the i~~debted- neu secured hereby or to permil said MORTGAGORS to ~eceive and use it ot any par~ thereof to. c:ncr µrtcars, v.~~~~..:t thr~oi •ha:.i~~ o. ing any equ~ty, litn o~ r:ght unde? w by virtue o~ ~his mor'gage; and in the evenl te;d MORTGAGORS shall fw any reason fail to keep ihe said premisrs so insu~ed, w fail to daliver promptly any of said pol:cies of insurance to sa~d MORTGAGfE, o~ la~l p:omptly to pay fu~ty any pre~n~~m therefor w in any respec~ fail to perfwm, d~scharge, execure, e(frc~, comptete, comply wirh and ab~de by th~s covenam, a any part hrreo(, se~d MGRTGAGEE may p~ace a~~d pay iw such insurance o~ any par~ thereof w~tnout waiving w afFecting any opt~oo, lien, equ~ry, or r.ght under w b~ virtue of rhis Mwtgage, and che . . . . . . _u ~ _ __'J-'._~"" J'__ __J -_'"_LI_ ~_J ~L~O :~.~.e.• i...... •1.. .1~~~ ~1..•..nf .ua:l r~a:d at the rate ~I f..:. 3:::::.:::: e.::.-. a::C: ::~..:y ~,~;:::c::: ~::acc :::.::.'c"'c'y - - ' - ' . . _ - - - - - ~ - - - n~ne per centum per a~n~m and to~ether w•i~h such in~erest shali tx secured by the lie~ of th~a mat9age. 4. To permit, mmmit ot suffer no waste, impairment a dete~ioration of said property o? any part thereof. 5. To pay all and singular the costs, charges and expeoses, including s reaswiabfe atto~ney's (ce and costs of absfracn o( t1~le, incurred o~ pa~d at any time by sa:d MORTGAGEE, because a in the event of the fa~lure on the part ot the said MORTGAGOR to duly, promptly and fu:ly pe~focm, d~xharge. e~ecute, effecL complere, comply w~th and ab:de by each and every the stipula~rons, agreements, ca+ditions, and covenants of said prom~sswy note and this mwlgage any o~ eithe~, and said costs, charges and expenses, each end every, ~hall be immed~atety due and payable; whcnc~r w not ehere be ~o+ice dr mand, attemp? to collect or suit pend~ng; and the (ull anwunt of each and eve~y svch payment :hati bear ;nreres~ from the daae thereol um~l paid ~he rate of nine per cent~m ~xr annum; and all said costs, cha~ges and ezpenses incurred o~ paid, iogether w~th such interest, shall be secured by ~he lien of tha mwtflaye. - 6: Thst ta) Fn tAe event of any b~each o1 ~hif Mort9age w delaule on ~he pa~l o( ~1+e MORiGAGOR, or tb) ~I+~ evrm sny of sa+d wms of money hercin referred to be not p~omptty and fully paid within thuty (30) days neat atte? the same severally betomt due and payable, without demand or notice, or (c) in the event each and every the stipu~ations, agreements, conditions and covenants of sa.d promisso~y note and th~s mwtgage any p e~the~ are nd ~uly, promptly and fully per(ormed, d:uharged, executed, efteded, completed, complied with and ab~ded Sy, then in en1x~ or any such event 1he u~d ag gregate sum r.~entioned in said promissory note then renwining unpaid, with interes~ attrued, and all moneys setured hereby, shall becorne due ar+d pay~ eble forthw~th, a thereafter, at she opt~on of said MORiGAGEE, as iully and somple~ely a: if all of the sa~d sums of money were o.g~natly st~pu;a~ed to be pa~d on such day, a~ything in sa:d promhswy note or in this hlortgage to the contrary no!withstandu~g; and thereupon o? thereaiter at the opnon of said MORTGAGEE, without notice w derrwnd, suit at law cv in equity, thereiore w thereafter begun, may be prosecuted as if all moneys secured Fxreby nad matured pnw ~o its institution_ 7. That in the event that at the beginning of or af any time pending any su~t upon this Mortgage, o? to fweclose it, o~ to re(orm it, or fo enfo~te payment of any ciaims hereunder, said MORTGAGEE shall apply to the Cov~t having ~urisd:dion thereof for the appo~ntment o( s Receiver, such Cou?t shail forthwith appoint a receiver of said mortgaged propeAy all and singular, includ~ng aIl and singu~ar the ir.come, prof~ts, issues and re•+c~ues from whatever source derived, each and every of wh;ch, it betng expressty u~dentood, is hereby mortgaged as ~f spec~fica~ty set forth and descnbed in the 9ran~lrtg a~+d habendum clauses hereof, ar:d such.Receiver shall have all the broad and effective funct~ons and powers i~ anywise e~truated by a Court to a Reteiver, and such appointment shall be made by s~ch Court as an admitted equity and a matter of absolute rigAt to said MUi2TGAGEE, and w~thout refe~ence to the edequaq or inadeq~acy of the value of the property mortgaged or to the so~vency or ~nsoivency of said N10RTGAGOR or the defendants, and ~hat such :enu, proias,_+nconw. iuws-aad-ss~wnws-s1~a11-ba-aPPl:~d-bY-sucb-R~caive~ au«d:ng-tastw-liw?-os-pwsy-d-sa.d-Al10itIGAGE~and-sh~-pracs:c~-d-srcF?---- Court. , 8. To duly, promptty and fully perform, discharge, execute, effect, complete, compty w~th and abide by each and every the st~pulat~ons, agrcements, conditions and covenants in sa~d promissory note and th;s mortgage set fath. 9. That in the event the ownership of 1he mortgaged premises, or any part tM~ereof, becomes vested in a person othe~ than the MORTGAGOR, the MORTGAGfE, its succeuors and asvgns, may, without nc,t;ce to the MORTGAOR, deal with such successor or s~ccessor ~n interest wi~h reference to th:s mortgage and the debt hereby secured in the same manner as with Mongagor wifhout in any way vifiating or d~uharging the Mortgagori liability herr ~nder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the R~ORTGAGEE a its s~ccessors or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE er its svcceisnrs or auegns, ahal! operate ro release, d~scharge, modify change or atfect the o~ig~nal liab~liry of the MORTGAGOR here~n, either in whole a in part 10_ It is speuficatly agreed that time is of the essence of this contract and that no waiver of any obi~gat:on hereunder or of the obligstion st cured hereby shali at any time ~hereafter be held to be a waiver of the terma hereof w of the instrument secu*ed herby. 4 l l. In add~tio~ to the Forego ng rnomh(y payments of princ pal and intzrest requ~red by the promissory no!e secured hereby, mbrf p~,:~venants a~d agrres to pay to mo:tgagee wi~h each monthiy pay~nent an a~d~rional sum esnn~ated by mortg~gee to be equal to 1, 12 of the anrtu;l~ ~~olloyv- ~nq' \ . ; A-Afl real property taxrs lev~ec' or assessed ag3inst the above described real estate. ~'SQ~ •^~~Z~ ~ ~ B-Premi;xns on fire and w~ndsto:m ~nsurar.ce as here~n requ~red to be ca+ried on the imF~ovements s~tuate on the ebove~?~pre~il'iyes_ I • - f C-Premivms on s~ch mortgage 9uara~ty insurance as mo~tgagee shall lrom t~rne to t~me deem fit ta carry on the loan sJcf~d _I~yltfyr. : € Mortgagee shall from t~me to time nority mortgagor in writing of the amou~t due and payable hereundrr and such wrn .sha}~ therev~+~i, dy~~ ~ r.ayable on the due da~e of ~he neat monthly payment and each successive month rhereafie~ until mwtgagee shall not~fy,mortgagor~_a~,~p~lyy~p+~ndl~el~j i 3•r~ovnt. S~ch sums sha,i be app!ied by mortgagee toward the payment of reat property taxes, insuraxe prem.ums, and mor?ga~ gu~nty i~e ~ premiums. , ~ IN WITNE~S WHEREOF, the said MORTGAGOR has hrreumo set his hand and seal the day and ear firsC,t~af~seuid. ,~O~ ~ S~gned, Se and " ered ' the presence of: ~ FILED ANG NfCOP.DED ~ ST.IIfCIE COUNTY fU• ~ BYY' ~ P.O:.c? PO'TRAS , 0 CIEAr :.'RCoi ~ COUltT~A~}.e3t • = ' cs~n REC'J~.f. L'=k~= ;r0 ~ • J .~C ~a~ - $Et ~ ~ 521'11 - - - - , sf r s 26~93'7 STATE OF FLORIDA ~COUNTY OF ST. LUCIE I HEREBY CERTIFY, That on this - 3~" day of Au~~ , A. D. 19~-, before me personally appeared Hazel J. Harris and r'rankL A_ Harris ~ ~ respectively President and Secretary . ~ ~ HARRI~ CONST~UCTION CORPORATION , a ~ orida Corporation, to me ~ _ . _ - - - _ _ _ _ - known to be the persons described in and who executed the foregoing instrument and severally acknowtedged the exe- ~ cution thereof to be their free act and deed as such ofFicers for the uses and purposes therein mentioned; and that they ,x- ~ 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 coun nd state. ~ This instrumsnt prepared by - - ~~n. E. Braun ~ ~ First Fec~.era1 Savings 3nd IAari _ _~_~~~~~ry.Publf~; in a for State and County aforesaid. ~ ~1A~ CDmmis~c~pn Expires: 6/ 97-5 - Association of Fort Pierce, Florida . ; . , - . ~ . y= ~ - ~1---= s+-`_• vF"r ~ - ' 'J { ~ Checked By ' =;i. " , . ~ Y..~,~,.. ~ ~ ~ r-~ 218 PA~ 83? ~ BooK ~ r_ - - - - ~ _ - - - ; ~.L .~r _ _ v. . . _ _ . . v