HomeMy WebLinkAbout1203 To p~ace a~d continuo~siy kNp on tM buildirgs now o~ Mr~aftK sitwa on ~td I~nd u~d on all pvipn+~M ~nd pw~ondly cov~nd by this mor~~ ~
p~, with ~II pnmiwes thKSOn pa~d in tu16 fk~ iiuur~nu ie tM awl •uudud policy fwi:ti, i.i s su~s sfiFrrvsd by the MOR~Gn('sEE. and wi~eam • t
inwraAc~ tn th~ utwl uu~dard policy (am, ln • wm ~pprov~d by tM MORTGAGEE. M~ wch cnmpanY or canpa~?iN N tM MORTGAGEE n~ay- ~ ;
d~ncU w+d ~II i&• u~d windsiwm ir~avrana policit~ on ~ny of aid bvildinpt. ~ny iobrpl 1lwr~in a part thuwf, tn ~M ppr.p~t~ ~wn ~forNa+d a~' i
M ucttu thersoi, shall cantstn tl+s vswl stand~rd maqape~ claw~ w~uch wlwr clav~ a tM Malpap~ may ~~Ww~. m+kMp 1M bu urdK Nid PdF'
cia, tacA a~d ~v~ry. paYabh ro a~id MORTGAGEE a in i~1KSS~ rn+y +pp~a~. +nd ~+ch +nd wNY such PakY shall b~ pompNy as:pmd and dtlivK~d ~e
~ny Mtd by ~aid MORTGAGEE as furthK savrity ~o ~aid monpa~ d~W. aod. ~ot I~s~ ~h+n tM (10) days tn ~dv~nc~ of tM ~xpiration of ~ach policy. ~o dr
liw~ ro~aid MORTGAGEE • r~w~l tMrwf, top~~Fwr with ~ r~ctipt for tM pnmlwn of such r~w~li and ~Fwn tMll b~ nv fa~ w wladstam in~wu~c~ ~
pl~! on ~ny of ~aid buiWtnps, any tnterNt ~Mnin or put tMreof. unl~ss te tM form ~nd with tM bss p~y+bl~ u~faaald~ u~d In tl+~ ~wel ~nY ~wn ~
of mon~y beoonws payabb u~ such polky w polkta ~+~d MORTGAGEE shall Mw tM option to nceiw and applr tM saM on +cao~u+1 of tM i~d~bt~d-`. +
mss wcv~~d hK~by o~ w pKmit qid MCRTGAGORS to r~uiw ~nd us~ it or any pu~ th~reof fw othe~ purposa, without thMab~ w~ivinp o~ impair-•~"r .
tnp anY equ~ty. lisn ot rqht ue~da a by vlrtw o( Ihi~ mortpaq~j u?d in IM ~wn~ said MORTGAGORS thall iw u~y r~swn f~it M kNp IM aid prtmisss w+•'.
ins~t~d. or fall !o dsliv~t promptly seryl of uid politih of lnsw~ne~ lo ~aid MORTGAGEE, or fail promptly to Par f~ih .~y a«~+j~M d+.~tfot o~ in ~ny'
r~sp~cr fall b p~rform, d7xMr~. ~x~cu!~. ~ffM, compl~t~. comply with u+d +bid~ by this oownant, a a~y pan hsrwf. ~+id MORTGAGEE may plap and y
paY fw wd~ imwancs a~~y p+n tFwwf without wahinp w ~ffMGp ~ny option, li~n, equity. w rl9ht unda or by vl~tw of this Matqap~. and tl+e t
fvll ~mounl of ~ach and ~wry such paymM~ ~11 b~ ~mmediately dw and piyaWe and ~hsll beu inte.~s~ fran tM dat~ tMnof uotil paid ~t tM r~N ol
nin~ p~r c~ntum pK annum ~nd topethe? with such interest shall b~ secvr~d by tM lien of thh mort~ap~.
4. To p~rmh, aomndt a wif~r no wuN, Mnpsirm~nt or deteriowtion of ~aid propKty ar any put t?w~of. ~
5. To pay ~II and ~U+pola th~ coa», charp~a and ~xpensy. ind~?dinp a r~swnabl~ anorn~y'a ie~ ~nd oosb of ~tracn of titl~. incwnd w p~W ~t
any tim~ by wid MORTGAGEE. b~cauN or fn tM ~wnt of tM failur~ on tM paN of tM uid MORtGAGOR to duty, pomp~y and fu11y pKfam, d~~ch+rq~,.
•xecut~. ~ff~ct. compt~q. co~nplY w~rh and ~bid~ by ~ach and •v~~y r1+s •~ip~la~ans, ap~.emenri. condi~iaw and aowe+nn of s.d p.omiawy nw~ and this
mort~+p~ +nY a ~ith~?. and s~id tosN. chuys~ and ~xp~+~ses, each and twry. ~11 b~ 1nwe~di~Mly dw ~nd payablej wMtK~r a not thK~ be notia dr
msnd. anempt to colkct a wit p~ndioy: ~d tM fvll amovnt of HCFI Nld WNy ~1KI1 (liy~M1lM fh~ll bNr iroe~st frwn th~ d~t~ tMKrwf until paid at th~
rate of nirn pa untwa per ~wwm; u?d all said oosts, chupes and exptnses i~curnd a p~id, topNher with suth int~r~N, ~haU b~ Htwed by th~ IiM oi thiu
mortya~• "
b. Th~t tn tM went of any b?exh of thb Mortyap~ o+ defaul? on th~ part of tM MORTGAGOR, a(b) in th~ ~wm +ny of said wms of ma+ey
~.w.:.. ~,.c,.~.~.:~~ : i~ ~~:3 ::E::~ days oext ~fter tl+~ sarn~ ww~ally b~com~ dw u+d pay~bb. wlthout demand a notict,
w(~ in tlr ~v~nt e+ch a~d wKy tM stipvl~tions, ap?e~m~ntt, conditions Md cov~++aMS of s+~d promis~ay noa a~,d this morqp~ antr a ~itha ~n no1
iuly. prompry and fully pKfwmad, dischuyed, ~x~cvt~d, effected. canpbtad. compli~d with and abided bp, tMn in ~itha a My wd~ ~wM tM said ap~
preyat~ wm mN+tioned in aid promiuory note then nmaininp unpaid. with intK~st accrusd. ~nd all moneys tecund her~by. ~hall bacom~ dw and paY
abl~ fwthwith, or tl+ereahe~, _at ths optioe? of said MORTGAGEE, ~s fully and compl~~el~ as ii ~11 of ~he said weea of mo~ty vwn originally stipulated
to be paid on tuch day, ~ny:hiny in sa7d promissory note a in thh Ahwfyye to tM contruy norwi~hsqndinp; ~nd tha~upon a thsrtah~r a~ tM option of
said MORTGAGEE, without notic~ w demand, suit at law a in p~ity, therefon w thereaftN bepun, may b~ pros~cvt~d a if dl mon~ys wwnd Mreby
had matwed prqr to its i+istit~tion.
7. That in th~ ~veni rhst ~t the beginniny of or at any timt pendinp ~ny wit vpon this Mortg+ye, or to fw~tlos~ N, a to rofonn H, a ro enfora
paYmei+t of ~ny daims hereunder, s~id MORTGAGEE sMll apply to the Couh Mvinp jurisdK~ion tMroof fo? tM appointmN+t of ~ Receiwr. wcF~ Cour1 slwll
forthwith appoint a receiwr of satd mwt~ed propMfy al1 and tLg~lar, includ~ng all snd sinpulu th~ intorn~, profits, iuws and tsv~nws fran wFutwe~
w~rce daiwd. each ~nd ~very of which, it ~einp expressly undsritood. is i+Keby mortya9ed a if apac~ficaiiy ~et ionn a~o wwiwo in in~ ~r~niinp and
habendurn dauses hsreof, ~nd such Receiv~r shsll Mw ~II the boad and eHectiw f~nct~an and povven in anywis~ ~ntrw»d by ~ Co~n ro~ R~o~ivN. +~d
•uch appointment sh+ll be made by wch Couh as an ~dmined eqvity snd ~ mrtta of sbsolut~ ripM b s~id MORTGAGEE, wid withaA nferMU w th~
adequ~cy or in~dequacy of th~ val~e of the property mor~gsped w ro the wtve~cy or insolvency of wW lllOgiGAGOR a Nw deh~d~nts, and that such
renn, profits, income. issirss ~nd ravenu~s sh~ll b~ sppli~d by such Rsuiver ~ccordiny to t1+~ li~n w~quibr of 'said MORTG/1GEE and tM pr~ctia of such
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S. To dvly. pramptly ~nd fully p~rform, d'istl+~ry~, execute. ~ffed, oomplets, complY with and abid~ by Nch and w~ry tM atipvlatioos,, ~yreem~nq,
conditioia a+d oovena~n in said promissay not~ and ~his monq+y~ set forth.
9. Ths1 in tia eveM the ow~enhip of tM monyayed premises, or ~ny psrt thereof, becomea vest~d in a pt~wn othsr tMn the MORTGAGOR, tM
MORTGAGEE, its successon u~d auipns, m+y, without notice to tM MORTGAOR, dtal with such waeuor a waessor in lnteresl with refer~nce ro this
mo.t9~pe and the dsbt here~y secured in ti~e ~ame marw~ as with Mwt9~w withovt in ~ny wsy viti~tinp or disclwrpinp th~ Maf9pws' G~bititp Iwr~-
unde~ or upon the tkbt hsreby secured. No sale oi ~M prcmises hereby mortpaped a~d no fwbearu~u on tM pan of tFr 1NORTGAGEE a Ns waeswn
or ~uigns and no eate~sion of the time fa ths p~yment of tM debt hereby iecured yiven by tM MORTGAGEE or its s~cc~sfors a assip% shall operat~
ro ~elease, dischuys, moJ~fy ch~nge or effect tM orig~nal Iiab~Gty of the MORTGAGOR h~rein, sither in whols or In part. ,
10. It is apecific+Ily agreed tMt time is of the essence of this co~tr~ct a~+d tMt no wsivar of any obliy~tion Mraund~r or of tM oblipatioo sr
cured F~sby ih+ll at any time thereaft~r be hetd to be a waiver of the t~rms hereof a of th~ imtrumeM aecured Mrby.
11. In addition to the fwego:ng monthly paYmenri of p+in~ pal and interes~ requi~ed by the promissory nol~ tecvred h~reby, mortpayo? ~nb
and ~grees to pay to mortyspee with each monthly paym~?t ~o addirion~l sum estim~ted by mortpsy~e to be equal to 1/12 of the annual cost of the follow-
~t,,,~
A-Ali real property tsxes ievied o~ assessed aysinst the above desvibed real estate. o ~ R~,~
B-Premiums on fire and windstum insurante as here~~ requ~red to be carried on the improvemenri situate on ths ~bove desu~et;pr~s~s,: .
C-Premivms on wch mortqege 9wr~nty i~swance ss mor~ga~ee shsll from time to time deem fit to carry a+ th~ ban s~w~'i~fby.~ ~i. ..,~~•J~`,
Mortgagee shall from time to t~me no~ify mortgs~or writ~ng of the amount due ~nd pay+bl~ herwnde~ and s~ch wm shall ~~1ui-~ q
s ~r
I payabk on the due date of the next monthlY paYment and each wccessive month thereaher urtil mortyapee shsll notify mort~~ of ~ ~(1 stlNi r:
' amount. Such sums shsll be applied by mortga9ee toward the p+yment of real property taxes, i~uurance prem:wm, and mort~a~e~ 9u~id~• ~fiura~Aj~..~ -
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i premivms. ' • G , ~ ~
IN WITNESS WHEREOF, tF+F s+id RTGAGOR has herwnto aet his hsm! and sesl tl?~ day,~_~Y~ r ~i~s f ' r'• ~ O~ : s~ ~
k Sipned, a 'n pr ~na of`flLEU f.K!' aECdlt~EQ t'[A~t~ CO~~~ITIl ~'M~;:
, C~tlNTY Fli?• ~ `
~ ST.IU~'F Byt - ~ ' •
- Ru::E' ?~;Tk#S ae r s '`,n .
C~ EPl. ~ GUiT C~UR~ ~
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af~r•:- v~~~- _J~.._.-- Attest: - ' D
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31s~4s
STATE OF FLORIDA ~ COUNTY OF ST. LUCIE
I HEREBY CERTIFY, That on this ~ day of September ~ , A. D. 19?~,
before me personally appeared Hazel J. Harris a~ Franklin A. Harris
respectively President and Secretary of
HARRIS CONSTRUCTION CORPORATION ~ a Florida 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 ihe uses and .pu?~oses therein mentioned; and that they
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_ affixed thereto the official seal of said corporatio~, and the said ir~str~rment.,'is the act~ and deed of said corporation.
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~ WITNESS my hand and official seal at Fort Pierce ' , said couq ~ state.
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~ This instrument prepared by ' ~
SJm. E . Braun " ~
First Federal Sanings and Loan Not3ry P I.i~;itn a:fbi st e and Co~,nty aforesaid. .
Association of Fort Pierce, Florida ?IAX,_~~s~n:Expir~~~i~c' G/y ~9
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Checked By ~9~K~43 P~~~1z03
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