HomeMy WebLinkAbout0864 To plaa and tauinuously kt~p on th~ b~ildinpt now a haeatt« utv~t~ on s~M I~nd and on ~11 pvipm~M and pNwnalty cov~r~d by N~b mo~q~ `
p~, with ap pr~mlwns tl+~wn paid in fvll, 1in inswa~c~ I~ ~M wwl iundad policy fo~m. M+ • w~ approwd by ~h~ MORTGAGEE. and wiod~ro?ru '
ieww~ N tM wwl sqndad policy fam. M a sum ~pprowd by tlw MORiGAG£E, in wch oompany a ooe~paniM as th~ MORTGJ?GEE ma~? ,
dindJ ~nd all fIn ~nd wlnd~ann inawana polici~s on ~ny of uid build'w~p~. ~ny irat~a~ tMr~in w parl thK~ot~ in d» apprp~t~ ~wn ~fa~wid a
In ~xaw ~M.wf. ~hall oorodn th~ ww1 aaodxd mort~apN dauw a such o~ha dauN a tM Mo?papN e?~Y nq~ir~,, eMkinY r1» tow w~d~r uid polb
ciM. tach ~nd wKy. WY~It 1o said MORTGAGfE M iq MtK~st nwY ~PW+~. ~nd tach and ~vKy wd~ PaKI? ~MII b~ prony~th? as:pnsd and dtliwnd to !
anr Mld by ~d MORiG~tiEE a fw*h.? s.cvrity ro aid m«pap. deW. +nd. na I.s~ ~h~? an (107 dw~ in ~dv~na of rly ~xp1.~Non of ~ach PolicY. w d~
Nw? ro s+W MORTGAGEE • nmw~l thawl, wp~d+K wlth • hc~ipl for th~ pn~niuen of wd~ r~w~1~ ~n0 tl~~ ~ii o~ no tin a w'a~os~wm iMw.nc~ r
plaad on ~r of wkl bvtldlnp~. ~ny Int~?pt tMnin or p~rt tFwwf. unlas in th~ fon~ and wi~h tM Iw~ payabb a~forNatd~ ~+d In tM w«?f ~ny u~n+
of mon~y b~oon»s p~yabb wwAr wch polky a pdicia said MORTGAGEE shall haw ~Fw option ro naiw ~nd apply th~ s~ on acaount d tM M~bt~
n~u s~aind hw~by a a p~.mit ~aid MORTWWORS to naiw wd us~ N a uiy pa?t thawl fo. at~ p~rpo~~, withovt ~M.~b~ waivinp a impair- ,
'-'~C arY s4u!!y. !!:n ar r~ht +.~^~ar sr !yr ~£rr_~r of !hh mrrtQ+Qe: Md h? tlw ~vra said AAARTGAGORS sMll fa ~ny nswn fatl b kNp th~ uW W~^?~~ ~ Tr.~
kwxed. a fall a d~tlvK Pro~nptH ~ny of s~id polici~s of kawana w satd MORTGAGEE, « f.~i ~~iy a P+y tv~h «+y p.«r+~w~ Ma~fw a in ar~
rap~d fail b p~wm„ dhclwr~, ~x~cva. ~fhct. comVNt~. oomp~y with ~nd abid~ by thb oown+nt, a u~y p~rt Mnof, aW MORIGAGEE nwy plac~ u~d vtr
P+Y fa wd~ imwano~ or any p~rt t1+K~of wlHaw w~lvinp « aff.c~~p +^r a~~, ~~n. wwh. a ripld unda a by vinw of thk Mor~pap~, and th~
fvll amovnt of ~ad~ ~nd ~wry wd~ p~ym~m ~MII b~ i~nmdi~t~yr dw ~nd pyaW~ and sh+ll bs+r inhca~ fran th~ daN tMnof w?til p~id ~t ti» rab oi -
nirn pw t~h?m pu ~nnum ~nd top~thN wiM wch inqreat shall b~ wtvMd by 1M lia? of thfs mort~pa _
4. To pamiy oomn3t ar wff~r no wasro, Mnp~krmnt a d~tKior~tion of s~W propKty or a~ry? paA tMrwf. ~
S. To pay ~tl and ~inpular tM ooat~„ dwrpa ~ed sxp~rw~, M+cludi~p a nason~W~ attom~y's h~ and oosts d~bsMacM ot Ntl~. tncwr~d a pNd N
~ny tin?~ by said MORTGAGEE. baau~ a in tM ~vMt of tM f~iiw~ on th~ parf of 1h~ said MORT(3AGOR b duly. P~~^MM +^d ~Y P~orn~, diuMr~
•xscvt~, ~ff~ct. aomPl~~~. con~plY with aod ~bid~ b~r ~ach ~nd ~wry N+e ~tipulatioro. +pn~^t~. oondit~om„ snd aovM~ant~ of ~aid promiswry noN and tlw
^+ort9+p~ «?Y w ~itl~. and ~aid cost+. cMrpes and ~xp~n+~s, each and ~wry, sh~ll b~ Mwmdi~t~ly dw and p~yablp wMtha ar ewt Mwr~ b~ notia~ d?
m+nd, ananpt to co11M a wH P~~^Ct and tM fvll ~nowM of e~d+ ud ~wry wch p~rrnaN shall b~a int~ntl hom tM d~t~ ti»rwi w~iii p~id ~i i`n:
r~t~ of nirK pK centvm pw amvnV and all s~id awts. cMrp~s ad exp~as~s incwr~d or paW, Iop~IMr with wtA htK~at, ~MII b~ Nand bp tAe IMn of tiw
mor~psp~.
6. TMt (a) ln th~ rra~t of any br~ach of thts Nlortys~ a dtfwlt on th~ p~tt of th~ N10RTGAGOR. a(b) in tM twnl ~ny ot wid tun~ of ~wnty
hertie ref~~d 1o b~ ~wt pranptlp u~d fvlly paW within thiAy Cd0) dsyt n~xt ~fta~ tFw sam~ s~vasly b~tonr du~ ~nd WY~W~. without da+~wid a notio~.
a W tn th~ ~wm exh ~nd way th~ stip~l~tiom„ +pnem~n». conditioro and cov~nan» of said proeniaory not~ ~nd tla~ narqp~ ~n~r a sirh~r m~w1
iuh. P~~Pty snd fu1~Y PKfane~t~, diselur~d. txowt~d. ~ff~tNd. oanPlN~d. tomP~i~d with and abid~d ~r. tlMn M~itMr ot ~nY suth ~wM tM said aQ
yr~p~t~ sum mentioe~) in aid promissory iaq tM++ ~unaiein0 unP+~d. with im~n~t aarwd, and a1i nwn~ys aax~d haeby. sFwll b~oonr dw and WY~
abl~ ionhwirh, or th~r~sfls., at rM oprioe~ of said MORTGAGfE, a fuly and caeplet~ly a If ~11 of th~ saW wans of nwewy wen aipinally st~pubt~d
ro b~ paid on wch d~y. anytNrg In said prom~ssory ~ o. tn ~his Morpy~ ro tM conrrary notwithstand'w+ps ~nd tM.wpon a tl~eaft« a th~ op~ioe~ of
said MORTGAGEE, without ~wtin w demand, wit at law or in pi?ity, ther~fon or tMr~afr~r b~wy m~y b~ prw~cubd ~s if ~II mon~ya aow~d hsttby
h~d matured prio~ ro its iratinttio~.
7. That fe tM ~wnt that at th~ bepinniny of or N any tim~ pMd'wg any wit vpon thb Matpap~. a to fonclw~ N, or b nlonn h. p to ~nfora
p~yment of ~y daims h~revndK, said AAORTGAGEE shall apply to tM Coutt haviep iwisdiction th~r~of for tM sppoinhw~nt of ~ R~iver, sud? Cow1 sh~tl
forthwith ~ppoint a recsivtr of said mwtp~ed propMty all and sinpular, indudu~p all and sinqular tFy inoonw` profits„ i~w~s ~nd nv~nwa fran wh~twa
w~xa d~riwd. ~sch ~nd ewry of whicF~, it b~ing ~aprsssly und~rs~ood, is i+Keby mort~aped ~s if sp~cifiuly wt forth w~d di~oib~d in tM pr~minp u+d
hab~ndwn claw~s he~wf, ~nd svch Rsuiwr ~lull haw ~II ths broad and eff~ctiw fu~xtiom and powen In anywiM ~t~d by ~ Cowl w a Reuiva. u+d .
•uch ~ppdnrm~nt shall be maci~ by wch Cowt as ~n admin~d p~ity ~nd ~ ma»e~ of ~bsolut~ ripM b wid MORTGA<3EQ and withouf nf~reew~ a th~
sdaq~r~cp or tn~d~qvscy of the vatw of thf prop~.ry mort~ed or ~o tiw so~wncy.a inso~v~nc~i o~ said MORTGAGOR a the d~f~~wl~nts, and that wch
rems. Prof~b. Inoonr. 4svn u~d rw~nws ~Iwll b~ ~ppli~d by wch R~oNwr aao?diap ~o th~ U~n er .quity of s~id MORTGAGEE and th~ pactia of wch
Gou~t.
8. To du1y. wwnp?h~ and ivtb P«fwm. dt+clww. ~x~cut~, sffeet, oa,w~. ~Ph with and abid~ by wch ~nd ~wn? th~ st~ulatiorw +D~~~.
caKlitiona and oov~nann in s~id PtomistorY not~ and this mortyapt ~et forth.
9. ih~t ie tM wenl tht owneahip of tM mort9ayed W+^+iNa. w any put therwf, b~oon+es ratd tn ~ p~rwn otlw? tFNn th~ MORTGAGOR, th~
MORTGAGEE, Ns woo~uas and asipns, en~y, without notic~ to the NIORTG/1QR, dsal with such succ~swr a waessor in int~rest with refer~na ~o thi~
morqp~ ~nd the dea her~by sacwd in tM w~ m~nner a wi~h Mo.tyapa without in ae~y w~y vitiati~p ar d~~chuyinp th~ Mo~tqayo~a' li~bilit~r Iwr
under w upon tM d~bt Mreby s~cwed. No sal~ of th~ premises he~eby nwnpap~d aod no forb~ara~ on tlN put of tM MORiGAGEE or Ns waaswn
or ~sstye~ u?d no ~xt~nsion of th~ tim~ iw tM payment of tFw d~M her~by secw~d piwn by tM MORTGAGEE a its woo~saon or psipn~, ahall op~wq
ro r~lea~, d'acharp~, modify d++npe w ~ffect th~ aipinal Ii+bility of the MORTGAGOR fwr~in, ~itF~u in wFwl~ or b put.
10. ft b sp~cificatly a~reed ~h~t time b of the eswnc~ of this contwcf ad that no w~iwr of any oblip.tion hawr~r w of th~ obUpition ~s-
cur~d iw~by sh~ii ~f ~ny tierK ri~ereaftu bs iK{d ro be a waiver of tiw terna h~rwf « of ih~ i~trum~nt acwd Mrby.
11, In additan to the forego:ng monthlY paYmenb of priac:p~l and imerest requued by the promistwy noh aecvr~d hereby, mortppor oownanb
and ~rees to psy ro mortpipee with each monthlY paYment sn ~ddkion~l sum estirtuted by mwtpap~~ to b~ pual q 1/12 of tM annwl oost of th~ fdbw-
in9: ~
A-AIF ~eal property t~xa kvied ar auess~d ~ainst the abov~ deKribed rcal estate. . , -
B-Premiwns oo fin and windstorm 6nwaexe as Mrein ~eqwred b bs unied on tl+s improv~Ms sitwb on tlw abov~ d~wib~d pna+L~s.
C-Pnmivms on wch mor~9+4e yuaranty iruwa~ce as matyapee shsll from r~me w time d~em fit to cany an tM foan a~cwsd Ixreby.
Mortyape~ sh~ll from time to time nwify mort9~por in writrg of tFw amount dw and payabk F~erNwKLr and such wm shall th~re~pon M dw and
payabh on tM dw wro ot th~ next monthlY psYment aoe tacl? sutteuiw ma+ih tneroaner until morty~pN ~halt notify mortyapor of a ehanp~ fn suth
emount. Such suma shsll be applied by mwtya~ee toward tl+e p+ymtnt of re~l property t~xes, iinursnu pnrt~iuna, and enortysp~ y~amy N~wt~nn
I preenhHe».
i IN WITNESS VYHEREOF, tM ssid MORTGAGOR has heraunto s~t iws hand and sed tM day and first afa~wid.
; sb~.d, s..aa .~a d.~n...a a~ ~r» S CON . T OI~PORATS0~1
~ ~ BY ~ ~ ' ~
I fN.E~ t!~`-• ~fW :
i n.W~~ ~,~1itiTY f ae a : s p~.:~
h~" ~:'~AS T t.fi,e3t: -
- f~s ~ _;;(i ~OUR _
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g~ Z 3 3s PM'7 0' s=
315~11 - ~ ~ ~ , ~ :
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STATE OF FLORIDA" ~COUNTY OF ST. LUCIE . . _
t`.
1 HEREBY CERTIFY, That on ihis day of ~I?~~~r ~-,Tl A.D. 19 ~
before me personally appeared Hazel J. ASr~'is _ and Fratlklin A. ~~+!?~4~•••••'''~~ k
`~iTJxe yT , ;
resoectiv~ly Pr~sicl~nt a!?c~ - - Secretary ~ of ` }
, Rarris Construction Corporation a Florida ,Corporation, to me i
3
known to be the persons desuibed 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 uses and p~r~nses therein mentioned; and that they ~
affixed thereto the official seal of said corporation, and the said instru,,,, nt~i=:the ad and deed of said corporation.
ti•i~. i
; . ~
~ WITNESS my hand and officia) seai at Fort Pierce ~oynty state. ~ ;
• .
Th is ins trume nt prepa re d by
`~Im. E. Braun ~ ~
First Federal Savings atld IASn Nota?y ka i n~tfor 3t a and County aforesaid.
My Z.'or~issiQn pires:~ G/ 9'J ~
Associatian of Fort Pierce, Florida ; ~ . ~
~ . . ~ //J~ __~.i.a.e`1. s i.
Chedced By~~ •~ll~ ~J 't.~ . t
- ~~/1Lift!:tNl~'~+~: •
BOQK 243 PACf 865 . .
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