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Home My WebLink About1580 To place and continuously keep a+ the bui!d~ngs now w he~ea(ter ~i?uate on said land and on all equipmen~ a~d penonally covered by this ma~y- sgs, with ~II premi~ms Ihereon pa~d i~ full, li~e insuronce in the uiua{ standard po~~cy 1wm. ~n a ~um approved by the MOR(GAGEE, and windstorm insurance 1~ tM usual ~ta'ndard pol+cy fam, in a sum approved by the MORiGAGEE, in tuch compa~Y or cwnpan~es as ~he MORTGAGEE may d~redt and all fir~ and w~ndstorm insuronce polic~es on any of said build~nps, any int~re~t therein or part thereof, in the agyreyate ium alwesaid or In ~xce~s thcreof, shall contain ths usval standard ma~9a9ee clause w sucA oiher clauie ai tM Mo+t9agee msy requ~r~. makiny the lou under sa~d poli- ues, each and e~ery, psyab~e lo said MORTGAGEE ~i i?s interest may appesr. +nd each and eve~y futh polity shall be promptly ass gnrd and de~iverrd ~o sny FKId by u~d MORTGAGEE as (urther security to said mortgage debt, and, ~ot tess thsn tan (10) days in advan:e ol 1he eap~~alion ol each po~~cY. ~o de- Gve~ to said MORTGAGEE a rcnewal thereof, ~oge~her wi~h s receipt fw the prem~um of such renewal; and ~hero shaN be no I~~e or wind~to~~n insurance placed on sey of said buildings, sny interest thcrein a part thereof, unless in ihe form and with ths lou paYable as atwesaid; and in the event any sum of mo~ey beco~nd payable under such policy w po~iues ssid MORTGAGEE shall have ~hs opt~on 1o rece~ve and apply the sanu on account o( the i~~debted- ness secured he~eby a ro pe~mit aaid MORTGACaORS lo reseive and use it or any part Ihereo~ lo~ o+her pur+:osrs, wnhout ih=~eu~ wa~.~•~g o~ ~~~~N•++~' ing any equity, lie~ or right under or by virtue of this mo:sgage; +~d ~n ~he even~ ia~d MORTGAGORS shall ta any reason iail to keep the sa~d prem~sci so ~nsured, w fait to deliver p~omptly any of said po~Kies of i~surance to sa~d MORiGAGEE, w fa~l pcomptly to pay fully ~ny p~emiu~r therefw or in a~y respect fail ~o pe~Fwm, discha~ge, ex..~cute, el(ecl, comp~rte, comply with snd abide by this covenant, w any part hereof, said MORTGAGEE may place a~~d pay (w such insurance or any part thereof without waiving or sf(ectiny ~ny oplion, lien, equity. ot r~9ht u^de~ or by virtue of !hii Mortgage, and the full amount of each a~d every such paymenl shall be immediately due and payable and shall bear interest (rom tha date thereof un~il pd~d at the rate ol _ .~_u ...d 6.. N.. 1'~... oi this mortaaae. . . - -e.. nuie per ~enivrn prr eu~~v~~~ a~..i :..yc....c c.~..~ , , , - - 1. To permi~, commit or wffer no wasta, impairmenl a deteriwation of said prop~rty w any part lhereof• S. To pay all snd singular the costs, charges and ezpenses, i~cluding s reasonable atto~ney i fee and costs of abstrscts of t~tle, incurred or pa~d at any time by said MORTGAG:E, becaux or in tFx event of the failura on the parl of ~he said MORiGAGOR to duly, p~omptlY and fully perform, d~uharge. ~xecute, effett, complete, ca++ply w~th and ab;de by each and every the stipula~~ons, sgreements, conditions, and covenanis of sa~d pran~ssory ~ote and rhts mortgage any w either, and sa~d costs, charges and expenses, exh and eve?y, sha~l be immediately due and payable; wF+ether a not ~here be not~ce da mand, atlempt ~o colled or suit pend~ng; and the full amount of each and every s~ch payment shall bear interest from the date thereot until paid at the rare of nine per centum per amium; and all said costs, char9es and expenses incurred w paid, together w~th such inte~est, shall Ix secured by the lien of thi~ : + mort9sge• 6. That (a) the event of any breach of this Mwtgage or default on IM part of tF?e MORTGAGOR, w(b) in ~he event sny of sa:d sums of money herein referred ~o be not promptly and fully paid within thirty (30) days nex~ after the same severally become due and payable, wilhout demsnd w notice. ~ or (c) in the event each and evary the stipuiations, agreements, conditions and covenants ol sa:d promisso~y note and th~s mongage any w either are not ~uly, promptly and futly perfwmed, d~scharged, eaecuted, effected, complNed, complied w3th and ab~ded `~y, then in e~ther o~ any such evenl the said sg ~ gregate sum mentioned in said promissory note then remaining unpaid, with inte~est accrued, and all moneYs secured hereby, sha~l become due and psy r able forthwith, or thereafter, at the option oi sa~d MORTGAGEE, as fvlly and completely as if all of the u~d sums of money were a~ginatly st~putated ro be pa~d on such day, anything in sa:d promisswy note a in this Mwtgage to the contrary ootwithstand~ng; and tF~ereupon w lhereafter at the opt~on of said MORTGAGEE, without notice or demand, suit at law or in eq~~ty, therefore or thereafter begun, may be p?osecuted as if all moneys setured hereby h~d matured pnor to its institution_ 7. IF.a! in the avant tha~ a+ the hrginn~rg of u at anv 1~me pend~~g any suit upon this Mortgage. w to foreclose it, or to reform it, or to enforce paymem of any cia~ms nereunoer, wio t,:vR~v~GEE s`a;: ap;.".p te Ce;;r! havi~ =v*~sdK+~~*+ ~hereof tor the aaao~ntmem oi a iceceivrr. svct. Cwrt sha:! Forrhwirh appoiM a receiver of said mortgaged property aIt a~d singular, indud~ng all and singular the income, profits, issues a~d revenues from whatevcr source de.ived, each and every of wh~ch, it be~~+g expressly undersiocd, is hereby mortgaged as if speufically set fwth and described in the g~anti~g a~d 6 habendum cla~ses hereof, and such Receiver sha~l have all the broad and effective func+~ons and powers in anywise enlrusted by a Court to a Receiver, and :uch appointmxnt shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGACaEE, and w~thoul reference to the adequaty or ~~adequaty of the va~ue ot the property mortgaged or to the so~vency or ~nsolventy oi said MORTGAGOR a the defendants, and that such rents, profits, intome, issues and revenues shall be applied by such Receiver accord~ng to the lien ot equity of said MORi6AGEE and the practice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comp~y wilh and abide by each and eve?y the stipuiations, agreements, cond~tions and covenants sa~d promissay note and th~s mortga9e srt iwth. 9. That in the event the ownership of the mortgaged Fremius, w any part thereof, becon+es vested in a person other ihan the MORTGAGOR, the M.ORTGAGFE, its succeuors and assigns, may, without notice to the MORTGAOR, deal wi~h such succeuw or successor ~n interest with reference to this n~o~tgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating w discharging the Mwtgagors' liability herr under or upai ~he debt hereby secured. No sale of the F~emises hereby mortgaged and no forbearance on the part of the MORTGAGEE w its.sutcessors or assigns and no extension oF the time fw the payment of the debt he~eby secured g~ven by the MORTGAGEE or its successors w ass~gns, t~iall o~erate io release, d~xharge, modify change w affect the original liabi~ity of the MORiGAGOR herein, tither in whole w in px1• ' -c .w/..~.u.i~.:.... 10. It is speufica~ly agreed that Gme ~s of the e:sence ot this comract and tnaT no weivm v: ....~~ya:: 7`~~- - cured hereby shall at an~ time thereaher be held fo be a waiver of the terms hereof or of the instrument secured herby ~~.~~aw~ ,~r~ 11. In add~tio~ to the forego:ng momhly paymeMS of prirc pal and imerest required by the promiswry note secured hereby~ ~(rqrf4b~?gqr~tN~h and agrees to pay ro mortgagee with each monthly paymem an add~~ional svm estimated by mwtgagee to be equal to 1~12 of the a~w~~~7he fo,~lnw~ ~ .4'•'~~(S ~o f . iny: :'Q ~,<A ~ . 1 i~ .R A-All real property taxes levied or assessed against the above described real estate. ~r ~ ' B-Prem~u~ns on (ire and windstorm insurance as herein rcqu~red to be ca:ried on the improvements situate on the above: premises. ' V • j C- Premiums on suc h m w tgag e g u a r a n t y i n s u r a r~ c e a s m o r t g a g e e s h a i t f r o m t ~ m e t o tim e deem fit to carry on the loan i~~~N~,~ B~ bY. ~ Mortgagee shail from time to time notify mortgagor in writing of the amount due and payable hereunder and such sunf ~j1~'thereYpon be dWie,~Ad ayable on the due dare of the ne,ct memhEy payment and each success~ve month thereafier ur.til mortgagee shall notify mort~eQor ~of a changec~f.~i~h . ~ .•,:ouM. Such swns sF.all be applied by mortgagee toward the paymem of real property taxes, insurance prem.ums, and mortgape guaranty iMW~ntr J~~_ . f n•emiums. . IN WITNESS WHEREOF, the said MORTGAGOR has hereunto • hand and seal the day and year first aforewid. y~,~ $igned, Sealed and delivered in the presen~~ R~r f~ R S C S t~ ~~~VnA~"~, ~ 1 = ~}~~~~~J ~Y~~, ~ ~ ~ ~Cfp ?OI~I~A BY: rr t ERK G~~'.~UIf 80U~~ ~ a~ RECOF~ Y~~~-~E~ - ac~eaq ~.5•~(.e,~.,~ ~ _ ~ QQ lN1;~~ ATTE . ran in ' ~ - - ~y~ - ~R~o ~ STATE OF FLORIDA ~ COUNTY OF 5T. LUCIE I HEREBY CERTIFY, That on this -1s~ day of--_-- , A.D. 19~, ~ Franklin A. Narris ~ before me personally appeared Nazel J. Harris and respectively as President and as Secretary - , of ?~arris Construction Corporation Florida Corporation, to me a known'to be the persons described in and who executed the ~~J4olj~oing insirument, and severally acknowledged the exe- cution thereof to be their free act and deed as sucb'of~icers•R!t•t12e~~~S~,s_ and purPoses iherein mentioned; and that they C~r affixed thereto the official seal of said corpora;i~: _ac~-~tt~s6ld :r~~yment is the act and deed of said corporation. VVITNESS my hand and afficial seal at Fort Pi~rce~ -~~..{~,~-a -~r- ~--~a , said county and sfate. -'s~' a ~ ` (7 T'his instrument prepared b~" , , O~~I J' Wm , F, Braun j ~O ~'••..,~~t'~ ~lic, in and for te and County aforesaid. F i r s t Federal Savings and l.oan ~ry~~'~ M~~ m i s s i o n E x pire s: ~ 0• 3 0~' p ~ Association of ~ort Pierce, Florads rp~~~~~~~~~~~~ ; r • . • ~ _ ~ i : Checked By ' ~ ~ _ f ~ ~t 22~ PACE~~ ~ - --l~ _ - _ x - , k. ys '{-"`Mg~ ~ - ,~~'a: - r~_,;:s