HomeMy WebLinkAbout1108 3. To place a~d conrinuowly keep on the b~i'J~r.gs no+v w f~~roahar ~u~ate on sa~d ~and end un sf1 eq~ip•r:tr.t,~r~d pNfo~a~~~ tovt~ed by 1h:s
eye, wilh all prem~ums thereon pa:d in f~ll, Gre inwra~ur ~n ~iu uaual standa~d po!rcy form, in • sum apFuo.ed by d~e MOR~G:.G'_E. •'d -~to"r
~nwrance in the usual s~anda~d po~~cy fonn, in a swn approved by the MOkTGAGEE, in such comWny er co~T~.+n.es as tev MOw~vj.Gff m+y
d~recl; snd all fire and wmdstorm insurance policies on any ol sa~d budd~~+ps, any inte~c~t therc~ry or pa.l therrof, in IF+e agg~rgaTe s..T aforesau! o~
in excesf thrreof, shall contain the uwat stan~erd ma~gagee clause a ~uch other daufe +s ihe Mwt9~9es msy re~u.re, ma?~ng ~++e ~css vndr s..d po:?
c~es, each snd every, payable to sald MORTGAGEE u~» mteres~ may appea?, a~d each ar~d e~ery such po:.cJ st~oil br p~anpt+r ass g~~d .^d dc ~•rr~d fo
eny held by ssid MORIGAGEE as further security ~o aaid mwtgage debt, and, not less than een (10i days tn adyence of ~!x e~p~~at~on of exh po:.c~, to dr
Gver to said MORTGAGFE a renewal thereof, toge~her v~ith a rece~pt fo~ the premlum o) s~ch renewal; and ~here s?,sif be ~+o ~•~e o. +.•~*as+c~.n :-.w:a~:e
placed on any of sa~d bui!d~~gs, ony in~erest there~n or pait thereof, onlrss in ~he form and wrth the lass p~yab~e as aioresa~d; and :n ~ne e.c-R~ a+.r s~~*
of money becwnes payable under such polity or po~~ues said MORTGAGEE ahall have ~he opt~on to recr~ve ar.d apy'.y the sa m on xcwnt of ~he u.dcaced~
neas sec~red hereby w to permit said MORTGAGORS lo receive and use it or any part thrrrof 4or o:n..r ~.w:-SrS, ~.~~~0..1 t~r'~~: .r=~.. 3
ing a~y equ~ty, lien w riyht undrr w by virtve of this mor'gage; ard in ths event sa!d MORTt3AGOR5 sha!1 fo~ any reasw~ iai! to teep ~he s+~d pe~*•s_s so
insured, or (ail to deliver promptly any ol said po~kiea ot insurance to said A10RTGAGEE, w fail prornptly to p.+y fv~:y •ny p+ern~~m thrfetcr o~ « a^ti
~rspect (ail to per(orm, discharge, execute, effed, complete, canply wiih and ab~de by this~covenam, a a~y pa.~ hrreof, sa,d Mi~R3G%+GEE ~nar Pa+~' +'a
pay for such insurance or any part thereof w~thout waiving w affecting any optioo, lien, equ~ty, or nghi undr or b~ v~.r~+e of :F.~s A~orags~, +nd tF+e
f~ll amount of each and every such payment shall be im~nrdiatcly due and payable and shall bear interest trom the de~e the~eof w+t~1 pa~d tt+e r.ae o~
n~ne per cenfum {xr annum and to~ether vvith such inter~st shali be srcured by the lien of this mo~tgage.
1. To permit, commit or suffer no waste, impairment p detr~~oration of said property or any pa~t thereof-
5. To pay all and s~ngular the toats, chargea a~d expenses, includ~ng a reasaiable attorney's fee and costs of abarracn of t;:'e, incurr~ o~ pa.d ar
any ti~ne by aaid MORTGAGEE, because o~ in the even~ of ~he fa~lure on the p.+r~ ot ~he said MORTGAGOR to d~fy, p~or~pr+Y ar+d f.,.~~ perlo.m, d.x~~s•ge.
_xecute, efied, complete, comply w~th and ab:de by each and every the stipule~wns, agreemenes, cond~~~ons, and tovenan+s oi sa~o p~o'*~~lsorY nc'~ +'3 ~~•s
.~~o!tgage any w e~ther, and sa;d costs, charges and expensas, each and every, shall be imrr~ed~acely due and payaL:c; wF~~hcr a ~ot Thcre be not~e da
mand, attempl to coliect or suit pend~ng; and the full amount of each end every such pay~xro shall bea. intrre:t frorn the date tne~eof ury~~~ pad ~ne
~.,~e of nine per crni~m ~r on~wm; and ad said custs, cha~gea and e,~;:er.ses inc~rred or paid, ~oce~her w~th such ~nterest, sr.all be secu~ed bY the t+en ot tna
mortgage.
6. That (a) i~ Ihe event of any breach of th#s Mwtgage or defa~lt on tF~ pa~t of the JNORTGAGOR, w;b) in the eveR! any of u_d swns of er~+ey
herein refe~red to be nOt promplly and ful~y paid w~thin thirty (30) days ne~t after the sarne ae~~e~a".Iy becoaie d~~r and patab!e, w~~Fwvt de~+wnd w rw~T•te.
or (c) i~ the eveM each and every the stipu:atians, agreements, cond~t,ons and covenann of sa.d prom~swry note ar~d th.s mor~gage any w e=t?,er are nd
iuly, promptly and fully performed, d+scharged, execoted, etfected. canpteted, compi~ed w~th snd ab~ded ~y, then ~n enher or a++y such eyent the sa.d ag
gregat~ sum ment~oned in said promisso~y rwte then remaining unpaid, with inte~est accrued, and a~i me~ys setu*td hereoY. sha~l Oxo^'e d,x a^d P+1'
able forthwith, or thereafter, at the opt~on of sa~d MORTGAGEE, as fully and complesety as if a~t of ti.r sa~d s~ms of moneY were o.:g~na•ir sr.pu.ared
to be paid on such day, anything in sa:d prom~sswy r.ote or in this Alortgage to the contiary notwithsta~~d,ng: a~d ihere~pon or t!+e~eahr ar ~he opt.o~ e~
sa~d MORTGAGEE, w~thout norice or demand, sui~ a? law or in eqwry, therefae or tt~ereafier begun, may be prosecuted as ~f ail moneys secwed he+eb~
n-d matured pnw to ~ts institutio~.
7. That in the event that at the beginning oi or at any time pending any su~t upon rhia Morrgage, o? to faeclox it, a to reform it, or to enfarce
paymeM of any c!a:ms hereunder, said MORTGAGEE s~+all apply to the Court having jv~isd~ctiors thereot 4or the appomtn~t of s Re:e~ie?, svch ~o~+it sr.~~~
fo~thwifh appoint a receive~ oF said mortgaged property all artd singular, incwd~ng all and si,~g~~ar the income, prof~ts, ~ss~.es and revenves fto•~ wha+t.e*
sovrce derived, each and every of which, is being exp~ess!y unders~ood, is he~eby mo~~ga9ed as if spec,ficaily ut fortA and drw~txd in th~ gra~t::y a~.d
h.:bendum cla~ses hereof, and such Receiver ahall have a~l the brcad and effeUive f~nct.ons and powers in anyw.se rntrusfed by a Ca~n to ~ Kecr..~r, a.d
s.:h appoi~tme,v ahatl be made by such Coun as an admitted eqvity and a matter of absoiute r.ght to sa:d MORiGAGEE, ~~d ,w~:~+~ ?cfere.~cr ta she
ad:quacy or inadequacy of the value of the p+oprrty mortgagra or to the so~vency or micilerxy of sa~d MOR7GAGOR w the dt:enda^ts, a~ rhat s:.ch
~~nrs, profits, income, issues and revenuea shall be appi~ed by such Receiver accord~ng to tFx Gen or eq~~t~ of said MORiGAGEE and ~t,e ~xr,ce oF svrl~ _
CouA.
8. To duly, promptly and fuily periorm, d~scharge, execute, effect, complete, cor-~ply w~rh and ab~de by each and every the stipv:at=ons, ag*ee.-xn's.
curdi~ions arid covenaros in said promissory note and th:s mortgage se~ forth.
9. That in the event the ownership of tha mortgaged premises, or any part ihereof, becames vested in a persu+ ethe+ than tfie MORTGAGCR, t?+e _
:10RiGAGEE, i~s succeisors and ass~gns, may, w~rhout norlce to the NORTGtiOR, deat wfth s~ch successw a svccessor in:eresf r.~+?+ referr.•ce ~o sF.s
n,o~~gage and the debt hereby :ec~red in the sama manner as w~th Mort~a~or w~~hou~ in any way v~t~aiing w d:scharg~.v3 the Mu`gagori liam~~t~ F~r~ _
under or upon the debt hereoy secu~ed. No sa:e oi t!~e premises hereby mortgaged and r.o forbearan~e on the part of the IAORiGAGfE or its s..cccsso~s
cr ass~gns and no extension of fhe time for the paymem of ~he debt he~eby secvred giveR by the MORiGAGfE or its s~ccessxs or assgrs, ~at! o~ecau
ro re~ease, d~scharge, modify change or affect the origma! liab~Gty of the MIORTGAGOR FKrein, either in whole or ~n p+~~•
10. It is spec+(icalfy agreed that time is oF the essence of this contract and that no waive~ of any ob~~gar~on herevnder w of ~he ob':ira~ion sr
cured hereby shai! at any time thereafter be held to be a wairer of the terms hereof or of the instrument srcured herby.
j 11. In add:tion to the Eorege ng monthty payn.rnts of p~irc'pai and inte~est required by the p~o'++'sscry no'e secvrPd he~eb{, rr-o:t~a3x corrnar.ts
~ a~~d agrees to ~y to mortgagee v.ith each monahEy pa~~ ~em an adda:onal sum es~ T.a~ed b/ mortgagee to be eqvat ta i 12 of ttz an-.,:ai coa:_of the fo~fo+.-
i lr.y: ~ ~ ! •
A-A1i rea~ property taaes levied o• assessed ag3~•~st the aoove dezr+bcd rral estate_ :
~ S--~Prem~ums on fire and vrindstorm ~r.suracce as he~e:n ~equ~red ro be ca+r~ed on the :mprove~Dt~t9~5~'~'a?t~~ ~h° abo+r? ds~C~~~d.pre'rsases-
C-Premwms on such mortgage g~aranty ~r.wra.:ce as mortgagee shaii froT t me to tar.e deern f:t to carry on the Ipat tiitJred hErebj~,
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~ Mortgaqee shai~ from r~me to fime no~ify mortgagcr in writng of the a~:a:~t due and payab:e ne~eunder and such s+s~+'sha~~ ?~1rr~poo be ~ a*+d
~ ;.3~able on the d~e date of the next monthty paymem and each su:cessive month thereafter v~.til mort~agee sha11 not:fy rno'T~agidf of a~nge in wc1~
~ ~-ount Sv:h swns sra:l be appiied by mortgag~e ~orvard the payment of real preperty taaes, insurance p~em•ums, a:~d m`4rtgage gtis%awTy Aw*a~ce
c~~emwms. '1
~ IN `'~ITNESS WHER~Of, the sa~d MOR7GAGCR has hereunto set his har,d and seaf the day a~n~d,,~ear first aforesaid. ~ '
~ H.yj~' C r, .~~~~~i~~Ji~ '
a5igned, Sealed and delivered in the presen~ of:
~ _ . t.,•,,C, ~ : ~ •n
e . rris, , Q o
~ Atte s ~A y~ ' ~
~ _ 1L. ' T.~C1G ~ ~
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~ STATE OF FIORIDA COUNTY OF ST. LUCIE 3
~ i HEREBY CERTIFY, That on this _~7 ~ __day of ~Fri~ , A_D. 19 7~ ,
~ before me personally appeared Hazel J. Earris a~ arilciin 4. LaZ'T'is i
res ectivel President and - Secretary , of
P Y
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~ HAR~.IS CO?tSTRUCTION CO.TZPCRATIOtJ a ~lorida _ Corporat~on, to me
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~ known to be the persons described in and who executed the foregoing instrument, and severally acknowledged ihe exe-
cution thereof to be their free act and deed as such officers for the uses and purposes therein mentioned; and that they
i"-~ affixed thereto the official seal of said corporation, and the said instrument is the act and deed of said corporation. ~
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- VVITNESS my hand and official seal at Fort Pierce , said county and state.
'"his instrumer.t prepared by !
~ '•M. E . Braun -
~ `-irst ~ederal Savings and Loan Notary Public, i and for Sf te and.County aforesaid.
'ssociation o~' Fort Pierce, Florida My Commission Expi~es: /~c.~_ E~ 7S
~X`~ 1U01E COUNTY FI.I?. . _ _ ' - S
F~; ~
. _ _ ROQER'GITRAS - . - _ _
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Checked By 48 ~M ~ 1 ~ i . _ -
li~ ~.7.7~~
w~:~ s~~.2z6 P~~11Q7
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