HomeMy WebLinkAbout1171 3. To plate and co:it~nuousl~ ?eep on tl~r L~~~._l~r,~s I~ON w hrro.~ite~ f~t~slr un Sa~d iand and on e!~ ~•qo~{:r.~rnt and pers~a;~y teYCr~~ by tli~s mOrtg-
tge, with all ptemwmt Ihrtcon d~n 1u+1, (~!e u~s~ra•.~r ~n Ihr ~su~i at~~~.~.vd ~w~.ky iorm, in a wm srpto.cd by thC MVR~~%.'v:E, and w~~~Ui~o~~~t
:nwtance in tha u~~ai S~anJ~rd ~o:.cy for~n, :~i a s~~n o;.~:ro~rJ by tha MORfGAGEE, in ~uch cort:pany o~ co~npan~es Ts the MU~~vAvfE may
d~rcth and all fire and w,ncJsronn ~nsurenta po~~c~~s on any of sa~d bui:d.nys, any interest the~a~n or part thercof, in the aqg~~y~~e s.•~~ eforesa~d w
in extrsf ihrreof, shall :Unta~n the uwsl sta~tJ~~d mort~ogte c:ause or su:h otht~ tia~se as Ihe Morfgagee rney reyu~re, ~i~o\u~9 thd ~ois u~1Jar f.nd po16
c!rf, each and every, paJau:e ~o sa~d A1VR1G.Ai;EE at .~s <<:~rr~•s~ ~nay a~,prar, a~~d each and e~ery s~ch pu:~c/ al•a11 tr ~,ron,Nicy as~g•~~~d a•:d dr~~:e-.~d to
a:iy held by sa:d t.10R1GAGfE as fur~lu~ s_w~~~y to aa~d ~~.or~~age dabt, a~:d, not less Ihan ~en (10) days in ad.a~~ce o1 fh~ exp~:ahon oi eoch No'~cy, to dr- •
~.~er to sa~d A10RiGAGEE a:enew~jl th~~reof, ?o~e~hr~ r.~th a rrcr•pt for the prem:~m of such re:~e«al; and ~here sha~l be ~w 1~re ar ~n.~~us+c~~n ici~rance
placed on a~~y of sa~d bui'd~ngs, any interest ~here~n o~ par~ thereof, un'css in the form and wdh the Ioea parub~e as aforesa~d; and in the event any s~m
ot money beco~nes payabte urxler wch pot~cy or pofucs s.+id M.i~KTGAGEE sl~.~ll have rhe oN~•on ro rec~~~-~ ~,~~J app'y ~~~r sa~~~e on accoun~ of ~ha n~J~u~~d-
nras secureJ herrby or to per~nit ta~d IdORTGAGORS to recei:e and uae it a any ~,,,r~ wrr~~ol tor o~~,~~ H~r; oses. .:.u~o~t ih,~,.;. ;,.~r.
m~ dny tf,u~ty, i~N~1 W nght under o~ by virtue of th;s mc:'~aye; and in Iha rvem sa~.d A10~2iGAGORS shall for dny.t2eSJn Idil f0 krrp ~he said p~cmit:S so
~ru~rrd, or fail to dr!~ve~ pro~nptly any ot sa~d pol~c~es of inwrance to sa~d MORTGAGEE, or t•,~~ p:omptly tp pay Iwly any {:n••~:~..m ~hrrrfor or ~n a~~y
rrspec~ fail to F:erform, d~s~harge, exc~cute, effect, con~pletr, co~r,ply.with and ab~de by this coven3nt, or any pnrr hereoi, a.~~d ~dvRiGAGEE n:ay ptace a:~d
p,y for such insur.,nce o~ any parr tk:ereof wahout waiving or affccring any oFron, lien, equ~ty, or r~gh~ ~nJer or b~ v~rrue of this Mo~tgage, a~:d the
f„;I amovnt of each ar.d e.ery such payn,ant slia!I be ~mm~diately d~e and parat!e and ahail baar i~vrrca~ trom the dare th~~~eof until po~d at the r~re ol
~~~e pzr te~tum per an~~m a,~d to~e~her v,ith •uch ~nte•~cst shali s~~c~~ed bv the lien of th~s mor~gage.
A. To permit, commit or wffer no waste, impaitmrnt o~ detenoration Of sa~d property or any part thereof.
5. To pay aIl and a~ng~lar the cosis, charge~ a~d ex~nses, ~ndud~ng a reasonable anorney's fee and cosrs of abs!racts of title, incurred o~ pa~d at
~ny ti~ne by said h10RTGAG:E, because or in the event of the fa~iure on tne Fait of ~he said b1pRTGAGOR ~o d~Iy, pra~+prty and fu~ty perform, d~schjrge.
.-_~te, elica, ce~npfere, co~nply w~th and e6 de by each and ~very the s~ipuiat~ons, agrerments, cond~t~ons. and covena~~ts oi sa~d pronuzsory note a~~d this
~,~rtgagc any or e~ther, and sa:d ccsts, charges and e,eFensrs, each and evary, shall be immedately due and payab:e; whe~he~ or not there be ncr~ce d~
~::,nd, atternpt to co;ied or sui~ pend ng; and fhe tull amo~nt et each and ever~ such paymem shall bea~ inrerest irom the date thrreot until paid at the
e o~ n~nr per ccntum E,~~r onu~:n; a~+d ~II said cos~t, cr,argi~s ar~d ex;,nr,u:s ~nc~~red or paiJ, toyet6er w~th such inte~est, shall !x secured by the I~rn ot th~•
mo.tgage. '
6. That (a) in rh~~ event of eny breach of th~s h5ortgage or defa~it on tha part of the MORTGAGOR, or (b) in the evero any af aa:d svms of money
F_~rc~n re4erred to b~ not promprly and (ully paid w~t:,;n thr~y ~3U) days nr.at ai~er ~h:, samr severa!!y beco~~e d~e and payable, wi~hovt demand o~ notice.
er ~c) in thr evenr each and evrry the st~pu:at~o~s, agreements, co*.d~t~ons and covenants o( sa.d promisscry note and th.s mortgage any w e~ther are not
i~,y, prompNy and Sui1y performed, d:acharyrd, ewewwd, eitec~ed, canpieted, compi~ed wnh a~~d ab~dad Sy, then in e.ther w any such event the sa;d ag
~ro-jate sum mentio~~ed ~n sa:d pro~n~ur.y ncr~: than ra:+,a~ning vnpa~d, with interest acc~ved, and a:l n,oneys secured hereby, shall become due and pa~-
~ forth.v~~h, o. fhereair,:r, at the opr~o~ oi s~:d h10R~GAGEE, as i~;ty arxi comple~ely as ii a~l of ~hr sa;d s~r»s oi money were or~genj~{y snpu:ated
ba pa.d on wch u..y, a~i~thfng in sa.d pron:ssory note or in this f'.lartgage to the contrar~ nutw~thstand~ng, and thrreupon or ttxreafter a~ the ops:on of
s~+. MORTGAGEE, w~:hour no<<ce o. dr~nand, w~t at law or in equ~ty, rherrfore or thereatter br~un, may be p~osecuted as if all mone~s secured hereby
r. d maturrd pr~w to ~ts inat~~urion.
7. ihat 1n the e~ent that at ihe beginn:ng of or at any t~me pend~ng any wrt upon fh~s Nort3age, or to foreclose ~1, or to relorm it, or to enforce ~
;.iJ-nert of any c~a,r.,s ~:ereu~~der, sa~d A'tORIGAG_E sha!I a~,pty to the Cuun havu±g j~~~sd~tr.on nc~:ea+ for the appo;ntment of a Recr~ver, su:h Cevrt shail
,_~shwith appcint a recei•.er of said n.ortgag~d propert~ all and s~ng•~Iar, inUudny ait a::d smowar tfie ir.come, proi,rs, issues and rever,ves from whateve~
s, c•ce de~ived, eaih and every oi wh.ch, 1t t,r..~g express'y unders~ood, ~s he~•:b~r n.origaged as if apec~f~caity set iorth and desu~bad in the g~anhng and
t~r:er:dum ciauses hereof, and wch Rccewe; shaii ha~r ai; fhe bi.;ad and effecnve f~ncs,a~s and powers in anywise entrusfed by a Co~rr to a kecci.er, and
s.:h sppcin:ment shal: bc m~de by such Co:rt as an ed;~~ntrd eq~ity and a maner of abso:u~e r;ghi to said MORiGAGEE, and wnhout reference to th2
_.!•_:.a,,acy w inadequacy of tt~e value of the property mortg,,ged cr to the so:vency w~n>ol~cnty o( said MORiGAGOR or the delendants, a~~d !hat svch
Ar ~+s. proiits, income, iswes and rever.~es shuii be app.ird uy s~ch Receiver ac ord:ng to~ he Gen or equity of saed MORiGAGEE and the practice of s~ch
Co c rt. '
H. To d~:y, pro+.+p!'y and fully perfor~r,, d~scharge, eaec:,ee, effe;t, compiete, cempf~ w~th and abide by each and every the stipuiaticns, agreements,
drtions and cove~~ant: in ~a~d premissory note a:ed th:s mar:g3~e set fo~th.
9. T'r~at in the e~•ent the ownr~~filp of the rtwrtga^ycd ~:rer.:~ics, or a,ry part tnereof, 6ecomes vested in a person oiher than the MOR7GAGOR, the
RTt,AGEE, its wcc~•sscrs a~:d ass;cns, rnay, v.:~hovt r:e~~c~ to the ::•pRiGHOR, deai ~vith such successor or s~ccesso+ in in~erest w~th reference to this
•:'qaye ar•d tne d_E:t t:ereby secu~ed in the same n:o:ir.er as w~th '.,,;~tgagor w~tFout in eny way vitlating or d~scharging Ihe Idortgsgori iiabiiit~ here~
or uYO~ thc d~•bt he:e:,~ srcured No s5e of tF.e Frr:.~ses 1~~~rrb; ~~o.tgaged acd no fo~bearance on the part of the ?AORTGAvEE or its successors
a~s~a~s ar.d no exter.zon ot vhe tur~ for rhe pa~ment ef tF•e de6+ i~ere'ty secured givcn_by the I~tURiGAGEE or its succeuors or ass:9ns, a~~at{ operete
ro re~ease, d~scharge, modify cha~:ge or af:ect the o~~g:nal liao.~:ty of the h'.ORiGAGOR herein, e~ther in whole or in part.
10. It is speufic~i:y ao+eed that t~me is of the easen-e of th~s contract and ~F.at no waiver of any ob~~gat~on hereunder or of the obligation se-
c. •_d hereby shal: ar any h~~e ~hereahcr be h_:d to be a war+er of the ?enns hereof or of the instrumem se:~red he~by.
I 1. In auci : ro t!:o i~•.-c;~ nq •.;~r.h ~;,ayn rnn of rr.: ,;:.jl and int~~res+ reg~~red by the prom sswy no'e secured hi•reby, mertg~or eovenanis
' ~ rs to ~~o rt:c•'. e r..t1: ench ~r ~nc!~ r~~t an ad:l:r~ona~ s~m es!~ ~:ared b mort a ea to b? e vai to i. 12 of tne ~n:,~ai cost of the foiiow-
• y'- r~ 3-y' f F l' i 9 9 9 ,
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~ A--;.II :ea! prop~riy !ax.,s ie:~ed o• ass=:ss•_d a,.~~~,sc tE~~ .co:e d•_:ai~.:d r_aI es'aTe.
E B- Fr_:r ,:,s an Lr~, ard r.~~~dsto:,•f :nsura~ tr ~z i~er..~n rcy~,red ~o be car.i~ d en the :mpraveme~ts s:tuate on ihe above d'scrib~d p:emisei.
~ C-Pre ~~iu *•s u? =.,ch n:ort~;ye g:,a~~^!y ~csv:a: ce as rr~ortyog^e si:a~l ~rc•n t r.~e to t~~r.e deem fit to tarry on the toan sec~~:ed hereby.
! htor!~~agee s~~_ ~`~cm n nr to '~~:e nc•~f~ •rwfy~g^r .n wnt:r.g of the amount dm and payabte here~ndrr and such surn shail thereupon be due and
` .~.able c~ thr due ci~r, of rhe ~^xi :no:~ifi.y payment and each wccess~ve mo~th rhereaf!cr ur.iil mcrtgagee shatl nohfy mortgagor of a change in such
~ rn. Such su:f s s~ be ap~~:~^d i.y n:~~agag:e ro::~rd the pa~r.ie~t ot rea' proFcrty taxes, insucar,ce prem:ums, and mortgage guaranty insurance
~ . c ~~~ums-
` I^1 \'JITPIE~S '.':NER~OF, the sa;d I'110RiGAGOR has he~ec.::to set h~s ha~.d and seal the day fir t so d.
~ ~SS ~O ~ ~ N OO ~ TION
/~Signed, Se d a::d vered in ihe p~eser,ce of: n
? ( ~ * .i. . a '.;-.:;~F~ BYI ~ ~Sryn
; ' F~~ H e J. i , ~e
~ ~ .
~ - - - ; ~vUF." TTEST: ~h"
- Yanklin ' . rYi~ , Secr az~~r~ -
~ r-~
- - 8 Q~'~~ y - . . . ..--=-t-.-._ -
~ 1~ ~ , • . . .
~~SIIG.,,~ y ~ l:l'i\~~._ .
~ HTE OF FIORIDA COUNTY OF ST. LUCIE -
,r ~ -
~ I HEREBY CERTIFY, That on this __~7 _day of-________---- - , A.D. 1974 ,
~ :;~~ore me personally appeared -__~zel J. Hdll15 and Franklin A. HazZis
~
~ ~cspectively ag_- President and a$- Secretary _ _ of
~ Harris Construction Coz oration Rlozida
- , a-- Corporation, to me
-'r ~ -
~ k~•,own to be the persons described '+n and who executed the foregoing instrument, and severafly acknow(edged the exe-
cu'ion thereof to be their free act a.^.d deed as such officer; for ihe uses and pur~oses therein mentioned; and that they
- a.'rixed thereto the official ssal of said carparation, and the said instrument is the act and deed of said corporation.
`:~JITNE~S my hand and off~cial seal at Fort Pierce . - , said county an state.
- This instr~unent~ prepared by ~ , - ~
_ '~'tn. E. Braun Notary Public, in nd for St te anci County aforesaid.
?irst Federal Savings and IA811 • My Commission xpires: ~c / 9 7S
_ Association of Fort Pierce, Fl.ori~a _ ~
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Checked By ~ _ - . y tK'' j.f .
- : ~ E r ~ 2~4 F~,~E~~ /O
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