HomeMy WebLinkAbout1167 3. To p:ate a•~d wnt~~iuo~~y ~.erp on ti.e Lu~ .l~~:~s nu+v oi !~~~~vitrr ~ rwte en s3~d !and and on a!1 ~~,~.~~~s,.~c~~t end prraone~iy co.e~~d by Ih~a mor~g-
e9A. w~th atl Pte~nwnN th~•~eon ~.u.f~ ~n 4u;1, hri+ iniw~~,,:c ~tl tha uSudl S!.l~~.:1.+r~ w:~Cy ~Ot~n. in d fum d~,ptL.a:l) by Ihd fI1VR,"v%.GfE. e~:t~ wn~dsi.:nn
~nsvrence in ~ha u~uat s~~nuard puLCy forr.•, in a wn, ai.~:~u.ed !ry ~ha M.JRiGavEE, s~ch CG+~~N0~1y or c~~»~:an,es ai tl:e h1U~e~vAGEE may
dnec~; and all fhe a~.d w~ndi~urm ~~~swancr pu.~c~~s on any of sa~d tw~id.ngs, any in~errst therz~n or pan thc~eoi, in the ay9«yo~a s~+*, aforesa~d w
in excess ih,.~reof, s!~.+II con~,,~n ~I~e ~svai s~~~~Ja~J ~e~w~y~yae c~a~se or w:h o~her ci,use as tht Mcrtyayea ~nay rrq~~ro, rnaku~g ?ha ~css ~~+Ja~ s.+~d poli-
cies, each and eve~y, payab:e to sa~d ~~`.JRiGA~tE as ~ts ,nfarrst rna~ a{:pr.+r, a•~d each and e~ery ~~ch µo,~c/ ihall br p~o~nNtiy assgncd s~d d~•:~~crcd ~o
eny hCid by sa:d h10Ri~AGEE as fur~her s~w~~~y to sa~d r..~rtya3r detr, a~~J, not Iass ~nan ten (101 da~s in ad.a~~ce of th.: e.p~~ot~on o~ each po~~c~. ~o dr
l~ver to soid A10RTGAGfE a rrne~nsl thereoi, tugeihe~ vc~tl~ a ~ate~~~t fo~ ihe prr~n~um o1 svth renn,ryal; and thare u~ait be ~~o i.re or ~n~~~ditc.nn ~nsurance
placed on any oi sa d b~ild~ngs, any inttresl there~n w part ~hereof, unlrss in the form and wnh the icss payaL!e as afereio~d; and in the event any sum
of money brco:ne~ payat~e ~nd~r s~ch ~.ul~cy o~ pol~ues s~~d MORTGAGfE sh~ll have ~he op~~on to recr~vc a~~d opply ~ha sa~ne on accou~u of ~he in~~e,rrd-
ness secwrd hereby or to pennrt sa~d MORT~AGORS to recewe and use it or any ~~orr th.r:eoF tcr ou~• r~.c~; os.~i. .:•~~~~~t i%~r.:,~ .v.~:~ c~ r.p.•+'-
ing any eq~~ty. I:en or righl und?r o+ 1~~ vutua of Thit i~c':~oge; and in the evrro sa.d MORTGAGORS sh+ll fo~ any raason fait to ktrp Ihe sa:d p~e~r~s_s so
.nsurrd, o~ fail to det~vcr promptly any of s~id pol.c~es oi n'~wrance to se:d IAORIGAGEE, or fa~! pron,p!ly to pay f~lty eny p~e~~:~.,~n iherrfo~ or +n a~~y ~
rrspect fail to perform, d~scharge, aaecurc, ettec~, ca:::p~r~~~, co r,ply with and ab;de 6y th~s cove~,a,~t, w any port hrreof, sa~d M~~RIGAGEE may piaa- a~~d
pay tor such inwr.ince cr ar~y part thercof w~thou~ wa:ving or af(~•cting any oNnon, lien, equ~ty, or nght ~r.Jer o. by v~~+ue oF th~s hlottyaye, and the
t;,il drnOVn~ of each a~~d e.e~y svth payrn~nt Shall br in~,mrdiatrly due d.~d payable a~~d Shall l~ear interest ~rom IFw dnle th~~eOf until p..~d dt the rote ol
•~~ne p~r cenrum per amiu~n a~~d tor~.ih~•~ aah s~.ch ~~i~~•~.st sha~~ !,e s~•wrrd hy the lie~ of th~s mo~tgage.
To permit, tommit or sufler no waste, impa~rmrnt or d~trnorat+on of sa~d property w any part thr~tof.
5. To pay a!1 and s~nyu~ar the costs, cherges ar,d expenses, ~n;l~d~~~g a ~easonable a~~wney's fee and cosrs of abstracts of title, inc~rred or pa~d at
tiR:e by sa~d ti10R1GAG;f, becn~se or in the eve~~t of the fa~wrr on thr part of ~ne said MORTGAGOR to du~y, p~omN~ly and fu~ly p~rform, d~uherqe,
_.~c~re, etieU, wmp,<te, co~npty vv~~h and ab de by each and e~e~y tt~e st~p~lar~ons, agreen~ents, cond~tians, and covenants of sa~d pro-n~ssory note and ~h~s
~~ortgage any or e~rher, ard sa:d costs, chargrs and expenses, each and every, shall be immetJ~ately dve and payat'e; whether or not thare be not~ce d~
~:and, attempf to co:irU or suit pend~ny; a~d tha fult a~no~nt of each and evety wch paymem shall bea~ interesl hom the date thereof unti{ pa~d at the
r,•t~• u~ n:ne pe. c~~:twn p.•: dn~:u ~r, ,:nd ai~ aa~d coiK, c+~e~gcs and ex:,er~ses i~u~rrrd or paid, logrti~er ~v.th suth ~:uecrst, shaN be Secured by Ihe I~en Of th~~
mu~ tgage.
6. That (a) in the event of ary brcach of Ihis Tlortgaga or deia~l~ on t},e part of t}w h.ORTGAGOR, or ;b) +n the event any of sa;d sums of money
herei~ referred to be rot promptly and Fuii~ pa~d wnhhi th.~ry ~30; da,rs nrx~ arr~r ~he sarne se.era'iy become d~e end pa~eb!e, w~thout demand or nouce,
or lc) in the event rach ar.d eveiy tF.e st~pu:at~ans, agreemerfs, cor.d~rfa~s and covenanfs of sa.d pron,~ssory no~e and th:s mortgage any or either are not
J~ly, p+omptly and ~u;~y pi:rfoncrd, dac~arg•_d, execvtad, e~fscted, to~nN:ered, compl~ed w~ih and at~d~•d ~y, then ~n e~ther or any wch event the sa~d ag-
~r~~gate wm mentioned ~n sa~d p~onusaory note th•~n re•ndin.ng unaa~J, with mterc,t acuued, ond ai: moneys secured hereby, shall become due and pay-
ao e for~hwith, cr ti~area'trr, at the opt~on ol aotd h10RT('iAGEE, as fuiiy and cumple~ely as if a~l of the sa~d wms of money were ong,na.fy si~pu:ated
!o be pa~d on such dz.y, anytl~ir.9 in sa.d pro:nissory note or in tnis htortgagr to thr contrary not.vnhstanding; and ~hereupon or thereaiter at the opt~on ot
s,:d MORiGAGEE, w[tneut ~o!~ce or drmand, w~t at low or in equity, therefore or Ihereafier be9un, may be prosecutrd as if all moneys secured hereby
r~~d matured p~~a ro ns ~nst~tut~on.
7. That in the event rhat ar the beginn~ng ot or at any t~n~e pend~~~g any su~t ~pon ~hfs Morrgage, or to foreclose it, or to reform i~, or to enforce
; a:ment o+ any c!a~~rs hereu~:de~, se~d ~.40R?G.+GEE sh.;;: ot:ply to the Co~rf ha+uig ~unsd.cnon ~h~ceof for the appou.tme~t of a Receiver, such Co~ri sha~l
F-;ithw~th aNpcirtt a re:eiver of said rr.ortgayed p{operty a;l a:id singv:ar, inci~d~ng ail and singuiar ihe intome, proi~t~, issues ar.c~ revenucs from whetever
s~~ece dz~rived. ea:h and e~ery of ~vF'.ch, n Ce~ng eaF.ress!~ ~~dersro.^.d, is h.errby mertgaged as if spec~fieally set forth and descrfbed in the granri:,g ar.d
t, ~E-endum c':auses fier~of, and s~ch R~ce~.er shaii have a'1 fhe br,;ad ar~d effective f~nct•ons and powers in enywise enuusted by a Court to a Recriver, and
s. ch appo:n~menr shal; br rrad~ b; u:ch Co~~t a3 an ad•~:r.r<~d equrty aud a nattar of abso~ute nght to uid MORTGAGEE, and withcut refe:ence to the
iaqu~q or inadeqvac~ of th•_ va:~e oi the proFr~ty mortg~ged cr to tY,r so•vrncy m insuiaency of said MORiGAGOR or the defenda:its, and that wch
-.-s. }.roiits, incon:e, issues and revenaes ah;~il be app~~~d ey su:h Reca~ve~ ouurd~~~g to the lien ur equity of said A10RTGAGEE and the pracnce of such
Cc V rt.
8. To du!y, prompt:y and fv~~y perform. dis:harge, execute, ef4ect, compiete, compiy w~th and ab+de by eath and every the st[pu~ations, agreemeNS.
„nd~tions and cc.rnants m s~~d promissc: y nore ard ms n:ortg3ge s~t iorth.
9. That m thc e.~ent the owr,crship of the mortgaged pre~e,:ses. o. any part tnereof, becomes vested in a person olher ihan the MORTGAGOR, the
~RTGAGEE, ifs succ•~ssc.~s a:d 3ss~3ns, may, w;fhout nct:;e to the ,Y.ORTGtiOR, deai wnh wch successo+ oi successo~ in interest with reference to this
~•tgage a~~d the ~ebt ncreby sr_vred in the same r~e~,nr~ as v:;!h .•.ortyagor vl~thcut in any way vis;ating or d~scharging the Mortgago~s' fiability here~
_ ~+~r o~ upon the drb~ h~•rao{ seci~,_d. No s3.e ot the Fre-n~ses h~•recy mo:tyaged ar,d no forbeara~ce on ~he pan of ~he fAORiGAGEE or irs svccessors
ass~yns and no eate~s:on of ;he time ior tne payme~t of t~,e de.~,t hr~etf sec~red g~~en by the /Vr~JRTGAGEE or its wccesscn or ass~gns, ahali operate
ro re!2ose, d:scharge, mod:fy chacge or ai!ecf the o~~g~na; {~ao:i~ty of the t'.OkTGAGOR herein, either in whole or in part.
10. It is s,r.eat~caliy ag+eed that t~~ne ~s of the essente uf tn3s contract a~d that no wai~er of any obl~gat~on hereunder w of the obligalion s~
cur~~d hereby shaii at en f ti:~:e therraher be he:d to be a„a~~rr of the terms hereof or of the instrument secured herby.
I 1. in >dri t.u~ ro',~ feregc onah'y pay•~~. ~n!s ~f ;;r~-~c ;>a! and i~~ertst ~e~u~red by the prom ssory note >ewred hreby. mortgagor covenants
a~~d agrees to pay To ~ctyaa•-e v++th rech mon'h'y ~.3,: ~t an ati:i,~~onal su^~ c~s• ~ ated b/ mortgagee to be eq.,ai to 1, 12 of the annual cost of the foliow-
A-A(f real Yrope-ty t~xas lev,e~ or a<_sessvc ~ga~ ~st th~ a~.~ve d..sc•~bed r_•ai esratr.
I ~ Frove~ne~!s s:tuate on th: abave d_tcr~bed premises.
B-.P; ...~a...,s on 1in~ ~nd Yl~tip>!:l::+1 ~r.s,,r._:~ee a> ~:._r.'n ~.,G~.r_d to bc. a•ri~_~ cn !ha ;m
r C-P~c~~~u::~s on s.:ch n:ort};ge g•~ar3nty icsura~ :e ~s ~.~c~rg~+gee shall frcT r n e to t~me dcem fit to carry on the ban sec~red hereby.
~ h'lortgagee s~.a t'rom .e to r.•~~e nv~~+r mcrfyagc. :n wr;t~ng of the a~~oc•~t d~,e ar.d payable hereundr+ and sc,ch su~n shatl th~ieupon be due and
~ .•.able on !t~~ d~e c-+r? o~ tF;~ n_.at n•.pnth~.~ pay~rr:~t and e~ch ;ucce5s~ve ~~.onth tnereaft~r ~r.til mcrtgagee shall notify mongagor of a change in such
~ .>:~r.t. S~ch s.;mz s! a.i be app ~ed t~y morrC33^y•JB t0'%•A.'d er.e payment of reat p~e~e~~y~ taxes, inwrance prem.ums, and mortgage guaranty insurance
; "~'T,IUTS.
IN \'~fTNESS '1!N`REOf, tF.e sa~d MORiG;,GCR has here~nto set his hacd ar,d seal the day and ear first aforesa:d.
# ~5~gned, Sea~d a~d de~' red in t e p~esence of: ~$~N IZ T RPORATION
] / ~ ~
s .Q BY: a4
~ "f , ~Y;Y~~A el i
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~ ; - _ : G,,. . . ~ . " ATTFS? : - • ap
g , - - ~ . ~ ~ ranklin A. Har .-S
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~ '~TATE OF FLORIDA COUNTY QF 5T. LUCIE J ~,I~~: ` ..r .
~ ~ ~ , :
~ I HEREBY CERTIFY, That on this _ _~Z__~ _day of-_______ _ ` ~9~
~4=,
before me person~lly appeared ____Hazel_ J._ H2?Ziis dnd FZanklin A. lial'Y~~S
~
; espectivelY -as---_ Pres~dent and aS----- Secretary , of
~ HaYris Constzuction Cor zation Florida
~ a - Corporation, fo me
- k,;,own to be the persons described in and who executed the foregoing instrument, and several_ly acknowledged the exe-
~ .
c~~rion thereof to be their free acs and deed as such offi~ers for the uses and pu~oses therein mentioned; and that they
= a~fixed thereto the official seal of said corporation, and the said instrument is the acf and deed of said corporation.
.
; 'rVITNE~S my hand and official seal at Fort Pierce , said county and state.
This instrument prepared by f _ .~c1
T•fil. E. Braun . Notary Public, in d for State and County aforesaid.
~'irst Federal Savings and I,oan My COmmission xpires: i97s
_ ~ssociation of Fort ?ierce, Florids~? ~ ~ ~ . :
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- Checked By - - '
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