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Home My WebLink About0840 To place end cont~nuously keep on ihe buL'd~ng~ now w hc~eafter ei~uale on ea~d land and on all eqvipment and pe.sone~~y covered by lhis mwt¢ ~g~, with all prrmium~ the~eon pa~d in (~tl, tire inw~ence in the usual standard policy fo~m, in ~ sum approved by the MORtGAGfE, and windsto~m iaturance in the uiusl ~~andird pol:cy form, in a sum approved by ~hs MORTGAGEE, in ~uch campa~y or companies as ~he MORTGAGEE may d'uect; and all fire and w~nJstotm insurante policies on •ny of said build~ngs, any intereat lherein or parl thereof, in Ihe a99reg~~e tum •foretaid or In excess ~hercof, shall co~:tain the usual standard maigagee clause a such other clause ~s the Mortyagee may requ~rs, meMing the ~o~s unde~ sa~d po~~ cies, e~ch and every, payab!e to said A10RiGAGEE as i~s iNerest may appea~, and eath and eve~y suth po~~ty shall be promptly ass gnrd and de~~vered ~o ~~y held by u~d MORTGAGEE as fur~her srcurity ~o ssid ~nortgage debt, and, not less than ten (101 diys in adva~ce of the expiration of each policy, to da live? to said MORTGAGEE s renewal Ihe~rof, Io9e~Mr with a receipl fa the prrmium of such renewal; and there shall be no f~re or wi,~dstorm insurance placed on any of said buildings, ~ny intereit there~n a part thereof, unless in the form and with the loss payable as atweaaid; and in Ihe event any sum of mo~xy becomes payable under such policy a pol~cies said A10Ri~;AGEE sha~l have the opt~on to rece~ve and apply the u~ne on account o( the i~debted n~s~ secu~ed he~eby w to permit sa~d MORTGAGORS to recrive and u~e i1 a any part thereol for othe~ purposes, w~~i:o,~t th_r,ui wa~~ing or u~~p.,~r• ing any equ~ty, lien w~~gh1 undcr or by virtue of this mortgage; and in the event sa~d MORTGAGORS shatl fa any reason fail ~o keep the sa~d premises so in~ured, or fail to deliver p+ornptly any of said policies of insurence to said MOkTGAGEE, or iaif promptly to pay fulty any premi~m therefor or in any respett (ail fo perEo~m, d~scha~9e, execv~e, ef(ett, complele, comply with and abide by this tove~ant, or any par~ hereof, said MGRTGAGEE may pl+ce a~~d pay iw such inaurance or any part thereof w~thout waiving w affecting any option, lien, eqwty, w right under or by viitue oi thii Mortgage, and the full amou~l o) each a~d everv such payment shall be immediately due and payable and ahall bea~ interest from tho date thereof until paid at the rate ot nine per tentum per annurn and to~rfher with auch interest shafi bC S~CUrCd by th0 1~l11 OT th~f mO~t9iQ@. 1. To permit, commit or suifer no waale, impairnunt w deterioration o~ said property a any part thcreof. 5. io pay all and singular the costs, charge~ and cxpenses, ~ncluding s reasonable atta~ey's fee and costs of abstracts of title, incurred or psid at any time by sa~d MORTGAG:E, bccause or in the event of ihe (a~lure on the part of the aaid MORTGAGOR to duty, promptly and fully periorm, d~xharge. rxecute, effect, complete, tompfy w~th and ab;de by each and every the stipulations, agreements, co~ditions, and covenanri ol ssid promiswry note and thii morrgage sny or ei~her, and sa~d cos~s, cha~ges and expenses, cach and eve?y, shall be immediately due and payable; whe~her p not there be nof~ce de mand, attampt to col{ett a suit pendi~g; and the full amount of each snd every svch payment shall bear interes~ trom the date thereof•u~til paid at the rate of nine pe~ tentum pt:r annu~~; and all said costs, charges and expe~ses incurred w paid, logelher w~th such interest, siwll be secu~ed by the lien of thii mortgsqe. b. That (a) in the event of any b~each of this Matgage w defautt on the part of the MORTGAGOR, w(b) in the event any of sa~d sums of money herein referred to be not pranpt~y and fully paid w~rhin th~rty (301 days next aSrer fhe sa~ne severatly becoma due and payable, without demand w notica. or (t) in the evem each and every the stipulat~ons, agreements, conditions and covenants of sald promiswry note and th~s mortgage a~y o~ either are not ~uly, promptly and fu~ly performed, d~scharged, execured, effeUed, completed, complied with and abided Sy, then in either w any such event the sa~d ag gregate sum mentioned in said promissory note then remaining unpaid, with interes? accrued, and all moneys secured hereby, shall become due and pay- abte forthwith, a thereaite~, at the option of said MORTGAGEE, as (ully and completely as if all of the said sums of money were wginally st~pulated to be paid on such day, anything in sa:d pro~n~ssory no!e w in this Mo~fgage to the contrary notwithstanding; and thereupon w thereafter at the option of sa~d MORTGAGEE, w~Tho~t nonce a demand, suit at taw a in equity, therefwe w thereaSier begun, may be prosecuted as if all moneys secured hereby nad maWred pnor to rts institution. 7. Tha~ in ~he even~ ~hai at ine oeg+nn~rg ot w at any t:rne per~irsg any su~t u;xm ths 1S~.a:tya~e. ar ta frae_:~-se is. cs to re~a:m it, er ta enfalce paymeM o( a~y claims hereunder, said MORTGAGEE sF.all apply to the Court Aaving junsd~cuon thereof for the appomtment of s Receiver, s~ch Court shail forthwith appo:nt a receiver of said mortgaged prope~ty all and singutar, i~clud~ng aIl and singular the income, prof~fs, issues and reve~ues (rom whatever source derived, each and every of wh:ch, it being expressiy undersrood, is hereby mortgaged as if spec~fically set forth and dewibed in the granting and hjbendum cta~ses hereof, and such Receive~ shail have aft the broad and ef(ective funct~ons and powers in anyw~se e~trusted by a Court to a Receiver, and such appo~~rment shall be made by such Cou~t as an ad~nitted equify and a malter of absolute right to said MORiGAGEE, anA withovl reference to the edequacy or inadequacy of the value of the property mo+tgaged or to the so:vency w insolvency oi said MORTGAGOR a the defendants, and that such ~ents, "pioiTs, ~n'come; is3ves and-7evenues sfiaii be appTied-by such Receiver accor~ig t6lhe iie~ 07 equi~y oi s5id MORiGAGEE anZf'11f~T3tTiC8 6Y3ti Court. 8. To duly, pranptly and fully perform, discharge, execute, eifed, complete, comply with and abide by each and every the stipulations, sgreements, conditiona and covenants in said prom;sswy note and this mortgage set fath. 9. That in the event the ownership of the mortgaged premises, o~ any parf thcreof, becomes vested in s person other than the MORTGAGOR, the M1!ORTGAGEE, its s~ccessws and ass~gns, may, withou? rrotice to the MORTGAOR, deal with s~ch successor a successor in interest wi~h reference to this mo~tgage and the debt hereby secured in the same manner as wi~h Mortgagor without in any way vit~ating or diuha~ging the Mortgagori liability Fxro- under w upon the debt hereby sec~red. No sale of the Fremises hereby mortgaged and no forbearance on the part oi the IAORTGAGEE or its successws o~ assigns and no exte~sion of rhe time for the payment of the debt h~reby secured given by the MORTGAGEE or its successors w auigns, shall operate ro reiease, d~scharge, mod~fy change or affect the original liabil~ty of the MORTGAGOR herein, either in whole or in part. 10. It is speufica~ly ag.eed that fime is of the essence of this contract and that no waiver of any obGgat[on hereunder a of the ob~igation sa cured hereby shall at any time rhereafter be he:d to be a waiver of the terms hereof w of the instr~ment secured herby. I1. In add:rio~ to the forego ng monthly paym~nts of print pal and interest required by ?he promissory no!e sccured hereby,.`1iwQ~~~a~~nSA~s and agrees to pay to mo:tgagee v~~th each monthiy pay~nent an add~~ional sum est:mared by mortgagee to be eqval fo"1,'12 of the annu~l eoaf~~lbl•fpl~o~v-' '^9~ 1 ~ ' T ' • A-All reat property ~axes lev~ed or assrssed agai~st ~ne above descri.~-,ed real estate. y`~;! ` d• =w B-Premiums on fire and vrindstorm insurance as hercin requ:red to be carried on the improvemeats situate on the above ll~St6b~~~. C-Premivrns on wch morigage guaranty insura~.ce as mo~tgagee shail from t~me ta time deem fit to carry on the loan setured I~di~yi C'~ r' I, Mortgagee shaEl from time fo t;me notify merfgagcr in writing of the amount due artd payable hereunder and tuch~ we~-sha~ji tAe "r~tt~puQ_be d~~ ~11d f F:ayable on the due date oi the neat mom!i:y paymem and each successive month thereafter uNil mortgagee shall notify r~prt~ag~P pS,a~r~e'y~.S~h i a~:oum. Such sums sFall be apF.iied by mortgagee toward the payment of rea! property taxes, insurance prem:ums, and mortgae~."~u~rsnty`.•iask~nce ~ premiums. d ' J r ~ IN WITNESS NHEREOF, the sa~d MORTGAGOR has hereunto set his hand and seal the da r f('~t i E ~ igned, Se and red i he presence of: ~ ""+l~l •~TI~ ~ ffLED J~#~. ~f~ ' By 2 /L ~~q . S fT. t y~~Y ~ a e . ar s, en ~ - A~4{A -.~jTitAS aq C~E^x ~ :~:ti~t~li COURT tt@St ~ ` (Ses4 ~ - pf':':x:~ ~:t~~~~c~ _ nk in ,.a s ~ec ta A - ~ - 3~ ~ - - - - - - s ~ (Seal) ~ ~ T 52~ 262938 ~ STATE OF FIORIDA ~COUNTY OF ST. LUCIE ~ i Au~ust I HEREBY CERTIFY, That on this 3~ ~ day of , A. D. 19~_, ~ before me personally appeared Hazel J. Harris and Frankli.n A. Ha2'2'is . ~ respectively ~ President and Secretary , of ~ H~P?,IS CONSTRUCTIOP~ CORFOF,r1TI0N , a ~o~~ Corporation, to me known to be the persons described in and who executed the foregoing instrument and severally acknowledged the exe- cution thereof to be thei~ free act and deed as such officers for the uses and purposes therein mentioned; and that they . z~ affixed thereto the official seal of said corporation, and the said inctrument is the ad and deed of said corporation. _ WITNESS my hand and official seal at Fort Pierce _ J` , said coun d state. _ 4; This f.nstrur.ient prepared by Ta~n. F. Braun • ~ ~ ~i.z'st : ederal ~avings and Loan Notary Publis, iri for State and County aforesaid. ~ ~ssociation of Fort rierce, Florida My Commissibn Expires: .Q{y. G, iQ7.s . ~ . J `J f N. ~,j . ~ ~ ~ . Checked By ~ , - - - . : . ~ • Q • ~QC~ ~~S PAGE C7~9 ~ ~ ~ - ~ ~ - - - - - _ - _ ~ _ - - ~ . ,