HomeMy WebLinkAbout1169 To place ~nd co v:n~cusly keep o~ ~~~e ~1~~ U~' .)S :1J'N o~ 1•r~reiter s~~.,a~e on s3~~~ IanJ and on ai~ rq~~E.:~~ent ar.d perionally co.~r~d b/ th~s rror~g-
e9a. w~th all pren.w~~~s thcreon pa.d fu;l, Lrc ans,,:a~:cv ~n tna ~wa{ st~nia~d pol;cy lo~m. in e w~n aHNro.cd by the h1UR:"v:.G~E. end w~nJstornt
,nsurance in tha ~i„al ~v~iu~:d poi:<y tur~n, in a s~~n e~.pro,rd Ly ~ha 11•JRTGAGEE, in such co~npa~~y or co:npenlea as tne 1~10kiGAGEE may
d~re:f; and all fi~e and w.nds~or~n ~ns~ranca poi~ris o~~ any ol i~~d b~i d:n~s, any interril tht~ein or par~ th<.rof, in ~he agg~~gate s„~~~ a`o~esa~d or
in e:cau ~hr~eof, s1~a11 :unt,in fhe usual ua~:dard mor~g,yre uwse or s~ch o~her c~acse as the /do~tgayre may ~eyu,ro, mak~ng ihr iess w~der so~d poli-
c~es, eacA and r•.r~y, pa,ab'r to aa:d b~JRTGAGEE as ~rs +~~~ar~•st u,ay apprar, and each end e~rry wch pc:~cy sf.all bo pron:ptly ass g~~rd a~ d da~i~rred to
eny ht:d by s~~d ~~lOR(i;.GGEE as 4uithcr s_<ur~ty ro s~~d ~tw~ryege d~bt, a~•d, nor icss ~han ren (10' d~ys in ad.ar,ce o( ~h~ rxp~rouon ul ea<h pofcy, to dr
l~ver ~o sa~d A10RTGAGEE a re::ewa1 titercof, +og<thrr w~!h a rece~rt fo~ ~he prr~n~um of wch renr,nel; and thrre sha~l Ga no f~re or w~~~deeorm ir.a~rante
p~acrd o~ any of sa~d b~i!d~ngs, any ~ntrres~ there~n or pa~t the~eo(, un!eu in ihe iorm and w~~h the Ioss pay~bie as a(oresaid; and in the eYen1 any sum
uf mOney beCOmeS parabte under s~ch ~;olicy o~ pol,c~es se~d MORTGAGEE eh.iil have rhe oYt~on to ~ecc~ve and apply ihe sa~ne on atcount of the indebt.•d-
n-i5 setured hdr~by Or to p°r~nit Said 6lJRTGAG08S to reccive and use il Of any ~,a~l th+:a•of lor o'n•:~ 4.u:EGirs, ~.~tn~~,;t Ih_~. u; :3 .,r u;:;:.,n-
~ng any eq~~ty, I;en or right unde~ or by virtue of th~s mCr:goye: and in the evc•nt se d htQRTGAGORS shall :o~ any reason 1ai1 lo k.:ep the sa~d prem~s_~ 30
~ns~~~d, or fail to dei~ver prompNy any of sa~d po~.c:~s cl inwrance ta~sa~d n10RTGAGEE, c~ f„~! p:ompNy to pay fu~ly any prt•:,~um thrr.:for or in anv
rrspect fail to pe~form, d~scharge, ex.cure, effect, ca~:p~etr, co:•~p4y with and -ob~de by th~s tovenant, o~ any peH hLraof, said h1URTGAGfE may pface a~~d
pa~ for s~ch insurance or any part therco4 w~~he~t waiving w aifec~ing any opt~on, Gen, equ~ry, or n~ht under or 6y vinue of this Mc~}yeye, and ~he
!:ii amo~nt of each a~~d e.ery such pay~nnnt shall bc ~m~~~ed~a:ely d~e and pavable and sfiall bca~ intcrear from ihs date lhercoi unt~l po~d at the rate ol
^::~e {xr cenr~m per an~w~~ end cu~rth~r ~n~th sucn interest sh~1i :,e s.currd 6y the litn o1 this mortgagr.
1. To permit, to~r.mit a sufler no waste, impair~nrnt or det~~r;ore!+o~ of said property or any pa~t thereof.
5. To pay all and singuiar the costs, charges and e¦Exnses, inci~d~ng a reasonablr atiorney's fee and costs of abstrads oi t~iie, inwrred o~ po~d at
,ny t~n~e by said MURTGAG`_E, brcause or ~n the event of ~he +.a~!~re on the part of the sa~d h10RTGaGOR to d~fy, p:omp~ly anJ fully pe~form, d~scna~ge,
_~~cute, effEU, t~mp:ett, co•rNly w~lh and at~.de by each and eLery the stip~lat:ons, agrec~z~nis, condit~ons, and co~renants oi sa~d prom~ssoiy note and ~F~s
„orrgage any or ei~her, a:~d sa d cusrs, chargrs and expens<s, each and every, shall be immed~ately due and pay~:e; whrther or not fhrre be nonce d~
r:3nd, attempt to co'iect or suit pend;~~g; and ~he full .nwuro of each and e~ery wch paymem shall bea. intErest from the date thereof until paid at the
e o~ ni~au pe~ .cr~t;,~n F.er an~~~m; .:nd a~l aa~d costs, cha:grs a~~d cx;:et~ses ir:c~r~ed or pa~d, tcyether ~r~th wch interest, shall be secured by the lien of th~s
mor tgage.
6. That (a} in the even~ o+ any brrach of this Mo~tgage or deiaul? on ~h> part of ehe htORTGAGOR, or ;b) in ~he eveM any of sa;d wms of money
i rrein referrrd to be not pra~~pr!y and fully pa~d r.~rF:,n in,riy t34) days ne~i aner the same ae.era!~y become due and payable, without demend or notice,
or ic) in thr event e;ch ar.d eYrry ~he s~~µu:anons, agreeme~NS, cond,No~u and covenann of sa d promissory note and fh.s nwrtgage any or e~ther are ~ot
i~.,fy, promptly and f~liY pe:fonned, dscha~ged. esec~red, effected, co~npizted, co:.ip~~ed w~~h and a6~drd Sy, then io e~ther w any such event the sa~d ag-
gregate sum menno:~ed ;n sa~d ~.:e~>>~ssory nure thrn rema:~~+ng unpakl, wuh inte~est accrued, and ai~ nwr.eys sec~red hereby, shall become due and pa~-
eu e forhwith, or rherra'ter, at the opnon of s~~d h102TGAG~E, as fuliy and comptete~y as ii ati of th~ sa~d sums of money were onginaUy st~pu!ated
tc 6e pa:d o~ such d:.y, a~,tth~r.g in s~.d P~o,,,sso~y notc or in this htortgage to the contrarr nor.vithstand~~~y; and thereupon or tnereafter at the opt~or. of
s~ d NORIGAGEE, a~~ihcut no~ke or demar.d, suit at ~aw o~ in equ~ty, therefQre or thereaftrr 6ey~n, may be prosecuted as if all moneys secured hereby
r:_d matured prior to ~~s inst~tunon.
7. That in the event that at the beginn:ng of or at any t~~ne Fend~ng any su~t uaon th~s Mortgage, or to fareclcse it, or to reform it, or to enforce
:.ment of any c~a~ms herew:de.. said 1:',ORT•:aAGEE sh.;:~ ;,~:pfy to the Court havieg iur~sd.ct~en thereo! for the appo~mment of a Receiver, such Court shail
i_;rhvvirh appcent a rece~ver of s~~d rr~ortqaged prop~~rt{ ali end sir.9u'ar, incE~d.ng a~l ar~d s~ngular Ihe income, profds, issues and revenues from whate+er
s. .•ce drr~+rd, each a.~d eve.y of w.i,,ch, tx;~~g exp~rss'~ ~ndr~s!ood. is hereby moregaged as if spec~fi:aNy set iorth and deacribed in the grana~ng and
f_~r:endum c'avsei herbf, ar.d such Rece~~er si~ait have ai~ ;he br;ad a•id etiecr:~e fun,t:ons and powers in anyw~se ent~usted by a Court to a Receiver, a•~d
s- :n jpp:,~nt~r:e„~ sh.+~~ be made ~y wch Ce~rt as .~n ad~~,r.r~-d eGoi;y a~zd a matter of absolute right to sa~d MURiGAGEE, and wrhout reterence ?o the
q~;cy or ~nadrqeaty ef il~~ YLIL'P of the rrop<rry mo~rgaged or to the w:vency or uuo:.ency o( sa~d MORiGAGOR or the dtfer~da-:ts, and that s~ch
_~rs, prof:es, inca~~e, iswes and re~enues shail b~ app~~ed by such Recr:ver according to the lien or equiry ot.said MORTGAGEE and the pracGce of such
~curL
8. To d~:y, prompt!y and f~:ly pe:~orm, d;sc?,arge, exec~ra. ~ffeu, com.picre. comply with and abide by each and every the stipulations, agreements,
.ocdi!iens and cevena~rs sa d promasery r.c'e a:sd tn.s n~,xt~~~e sr~ forth.
9. That in the event rhe ownership of tne rnortgaaed pre~n:ses, o~ an~ part thereof, 6ecomes vested in a perspn other than the MORTGAGOR, the
.~Q?GAGfE, ~rs w:cessors ar.~ dS5~yn5, nliy', w:rP1~J~ .'~G!iC£ to rhr '.'.ORTG%-OR, deat w~ih such svccessor or succcssor in interest wi+h reference to th~s
r~gage a: d:i~? d_•u! t:~reby se.ured in tF~e samc• ma~~~~~r as ~ith 1:.~rr3„yor w:thovt in any way vit.ating o~ d~scharging the Rtortgagors' liability her~
_::er or uFw~ the tieoa h~-re!;f secured. Yo s3 e of ~ke F.e~:.~ses h_reby rr•o~fgaged ar+d no forbeara~ce on the part of the !dORiGAGEE w iri successors
~r assi3ns and no exrens:on ot tne nr~~e for tt:e pa;-~~~nt ei the d~br he•eE,y sec~red g~ven by the 1'dORTGAGEE or its successors or ass~gns, a~ial~ operate
r~ re~ease, d~scha~ge, mo:i~fy charg~~ or af(eu the o~~g~na~ I~ab ;:r~ of ene GIURTGAGOR herein, eisher in whole or in part.
10. It i: spec.frcaliy ag~eed that ti~ne ~s of tFe rssence n~ this cen!ract and that no waiver of any ob'igation hereunder or of the obligation se-
cv~~•d hereby sha:: at anr t~me +:~eraaice: o~ he;d to be a v.a~~cr of tne tenr;s hereot or oi the instrument secured herby.
11. Ir, a~ict:c:~ to c~•_ ieregc q•.~"h'y r,y^~-•nts of ;:n-c::n' and i^!e•csr .e~v~red by the promscry no~e sec~red her_b~, mortgagar eovenants
• d agrees ro pay ro mc^~+gee v..:h aach r~o,eih!y p.a~:.~ent an add~.~orji wm est. ~ ated by mo~tyagee to br eq~ai ro 1 12 of the an,:uat cost oi the fo~low-
~ A-Af1 rre~ ;..cp~..•y :~._s i~.~_,a, er aszess~:i v~,;_st rnc ai:o.e de>cr~~,d r_aI es;ate. .
i B- P..-~,~.,•,~z on f~re a~d v.~~:ds~v ~nwra, ;e as here~n rcq~ ~~=d to 6e ca•ricd c~: thN ::rprove~~ents s:tvate on tha above descrlbed premises.
f C-Grermu:: s on s,;:h r..o~~~ .a~~ g~a~ar,ry ~rsura~.:c• as n:o~r3a~ee si~a~l fiu» r n-e ~a time deem iit to car~y on the Ioan secu:e~ hereoy.
~ l:~ortgagre sF.ai' 'rorn nme tc time- netify mcrt~,,gur writs•g of the an~ou~t dve and payab!e hereunda~ and such su*~ shall thereupon be due and
j .~o!e on th~ d~e da~e of ih> ne¦r r.;o :th.r u.;~^:•:nt a:~d e.:ch successiae mo~:th t^ereafter ur,ti; mer?gagee sha!{ not+fy mortgagor of a change in su:h
€ ,;ne. Such w~~s sF~.i be a;;~:.~_-ci i~y mor.ga~•,;: ~a..~~d ~i,e , a~r.:era o! re.~t f~rcpe~~y taxes, insurance prem.ums, and mortgage guaranty insurance
~ . -',~ums.
~ IN ~'11TN~j5 ::HcREOF, the sa~d I~M1ORTGAGC2 has h~~reunto set h~s har,~ and sea~ the day and year first aforesa~d.
i
fi / igned, Sealed a~d er' ered ~n the presence ot: I ~NC U 1~ ~
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? t . - S_-"," ,_•;".1 f! A. i . T 3~ S~
~ t - ; ,;~L =,T ~i Attest : a~ .
~ ' . • . ~ - ~ ~y n • a , i
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z FEe l~ ~ wn v 2~5'~ ~ ~ ~-E
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~ STATE OF FIORIDA COUNTY OF 5T_ LUCIE S~
~ ~ • •
~ I HEREBY CERTIFY, That on this _ ,,,17 ~ day of__ FebMla2y , A. D. 19 74 ,
~
~ before me personally appeared _ Hazel J. EaTris and Franklitl A. Har'Y'is
~
respectively President and Secretary , of
' H~RRI~ CON.`~TRUCTION CORPORATIO~i Flori~a 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 their free act and deed as such officers for the ~ses and purposes therein mentioned; and that they
affix~d thereto the officiaf seal of said corporation, and the said instrument is the act and deed of s~id corporation.
~ WITNE55 my hand and official seal at Fort pie~ce_ said cau~and state.
This instrument prepared by , ' - ~ -
'•fi. F. Braun . - . ~ "
= Ti2'st redei'al Savings and IAari: , Notary Pubfic, in d for State and County aforesaid. ~
= essociation of Fort Pierce, Floricta: . My Commission Expires: l, i 9~s
~ :
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Checked By . .=~L=`- ~ ~ ~
~ ~ 24 6g
~'rr.~~~~\t~'~ ' F'~GE~
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