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3. To plac~ •nd continvou~ly keep on th~ bu~'d~nys now a M~ea(t~~ ~~twq on uid land and on all equipment ~nd p~rwnally cov~r~d by thi~ mortp~ ~
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p~, w~th all p~miums ~herson pa~d in fvll, firs inw~+nc~ in ~hs uswl i~aodard policy form, in a wm approv~d by tM MORTGAGEE, ~nd windttwm ;
iniwance in tM usual t~and~.d pol~cy fam, in a sum approvad by tM MORTGAGEE, in ~~?ch tompany a canpanip s~ tM MORTGAGEE may ~
d'u~cU ~~d ~U fir~ and w~nd~~orm inwrar?c~ polKie~ on any of t~id build~nps, any inNr•s~ ~FKr•in w pan ~M~wf, iif tFw pqre~~t~ ~un? afwetaid w {
M~xc~u Iher~of, shall contain tM us~al st~ndard morrg~ claus~ a such o~her claus~ at tM MortpapN may rpuu~, makfnp tFw lo~f undN s~d polE ~
ci~s. ~ach and every. paYabl~ to said MORTGAGEE ~s itf intere~t may app~a. u+d ~ach and ~vay i~th poticy shall b~ promptly ui:~ned ~~d dtlivKed ~o i
~ny Mld by ~aid MORiGAGEE as fu~the~ secv~ity to said mwt9aQ~ debt. and. not Ita than 1~n (10) days io sdvanu of tM ~apu~ticn of each policy, 1o d~- i
IivN to said MORTGAGEE a rsnew~l thereol, top~~hsr with a rateip? fa ths pnmium of ~vch rtnewal; and IM~~ shs11 b~ no f'u~ o? windstorm inwraoc~ "
pl~ced on ~ny of sud buildings, ~ny imsr~st ther~in w p~n ther~of, unle~s i~ ~M form ~nd wi~h tFw lou paysbl~ .s •iw•~.~d, •~d t„ ~M .~•m aor swn
of money becomet payaWe under such policy w policiss wid MORTGAGEE shall hav~ the oprlon tp rcceive u+d apply tM s~rn~ on ucounl of ths Indebted~ ~
n~at setured hertby o~ to permit said MORiGAGORS to receiv~ and uf~ i1 p any part lhereof fw other purposes, wilhout thireb/ waivinp o~ wnpair-
irg any puiry, lie~ a right u~der a by virtvs o~ this mor!yage; afld III ~IM ~VMt N~d MORTGAGORS sF~stl fo~ ~ny rtason f~il fo keep tM said premiu~ w
insured, a fail to deliver promp~ly any of said policies of insu?ancs to said MORTGAGEE, or fail promptly to pay fully •ny premivm therefw p in an~
r~spect (ail to pNfwm, d~schuge, exec~te, eifect, compl~te, comply with ux) ~bid~ by thts mvenanl, a ~ny part he~~of, iaid MORTGAGEE may pl~te and ~
p~y (w tuch inwrsnc~ w~ny part thercoi withoul waiving w affMinp any optiay lien, equiry, w righl vnder or by virtw of thit Mortpape, ~nd tht
fu11 ~mouet of each snd every i~ch payment shall be immedi~tely dw and p~y~ble and shall bear inte~ssl irom 1M date theraof until paid ~t tM rat~ ol
nin~ per centum pa an~um u?d together with such intereu shall be sec~red by 1M ~ien of thit mortpape.
1. To permit, commit w suffe~ ~o wute, impai~meM w detetiorstion o1 uid property p sny part thereof. .
S. To pay ~II snd~iinpula tM cos~s, cMrges a~+d expenses, inciudinp a reawnaWe attaney'• fe~ and wsb of ~bstracts of titl~, incvrred p paid ~t
•ny time by said MORTGAGfE, bscause a in the evenf of tM failure on ~he part of ~M ieid MORTGAGOR to dvly, promptly ~nd fvlly pNiorm, d~uharg~.
execute, e(fed, complet~, comply w~th and ab:ds by each a~d av~ry the stipulat~ons, s9reemenn, conditans, ~nd covenants of ~aid praniiw?y note and thu
mortgaye +ny w either, and sa~d coats, cMr9es and expenus, e+ch arwl every, ~halt be immediately dw and pay~blr, wMthe~ a ~ot ther~ b~ notice ds
m~nd, attempt to colled w ~uit pend~ng; and ~he tull amount of each ~nd every such paym~n~ shall besr intsrest from 1F+~ dat~ thtreof until p~id ~t the
ra~e of nins per ccntum per ~nnum; and ~II said costs, charfles aod expenses incwred or paid, topather w~th wch intersst, ahall b~ acvred by ths lien of this
mort~~e. _
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6. Th~t (a) in the went of any bre~ch of this Mortgag~ or defwh on the paN of ~hs MORTGAGOR, or (b) in th~ ~veet ~ny of q~d tum~ of money }
herein re(erred to be not promp~ly and iully paid within thirty (30) days r+ext after the same uve~~lty becams due ~nd payaWe, wilhout dsmand w notite, y
or id in th~ event each and every ~he itipulatiau, spreemenn, condctions and coven~nn oi sa+d promiuory not~ snd th~s mortpap~ ae?y oi either u~ no1 E
3viy. pwnpNy ~nti fully perfwmed. diuhar9ed, exesuted, eifeded, tompleted, complied with and abided by, thsn in ~ither w any suth w~nt 1M Nid a~
pre9~t~ wm mentbned in ssid promissory note then remainir?p unpaid. with interest accrued, and all money~ secu~ed hareby. ~hall becan~ dw and pay~
able fathwith, a thereafte~, af the option of said MORTGAGEE, ss f~lly and compktely as if •tl of the wid sums of money wer~ apin~lly. stiputated
~o be paid on s~rch day, anythirg in sa~d prom~ssory note or in this Mwt~age to the contra?y notwithstandin~; ~nd the?eupon or thereaher a~ the op~ion of
said MORTGAGEE, w~thout no~ice w demand, wit at law a in equity, therdws or thereafter begun, may be prosec~ted u if ~II rt~oneys Ncured hereby
had matwed prwr to its ins+itutio~.
7. TMt in ths event that at the beginnirg oi or ~t any tims pend;ng any wit upon this Mortgsge, e. ro foreclo,. H, or to refwm H, or ro enfwp
payment of any claims hereunder, said MORTGAGEE shell apply to the Court Mving jurisd~ction thereof fw the appointmsnt of a Reoeiver, suth Cour1 shsll
forthwith appoint a ~eceiver of said mortgaged proplrty all and sinputu, irxlud~ng sll ~nd sinyu~ar the incoms, pofiri, issws u~d r~venves from whatever
wurce derived, each snd every of wh;ch, it beiny expr~ly understood, is hereby mor~gaged ss if spetificslly set forth and dettribsd in t!r yrantinp and
habendum tlauses hereo/. snd s+xh Receiver shall have all the broad and eftactive funct~o~s and powen in a~ywise aMr~ated by a Cou?t to a R~ceiver, and
~uch appointment ~halt be made by such Court as an admitted equity and a matter of absolute riyht fo ~aid MORTGAGEE, and withoul r~ference ro the
adeqvacy w i~adeqvacy of the value of the properry mortgaged or to 1he w~vency a insolvency of said MORTGAGOR w the defendants, a~d ~hat such
rents, profib, ir~come, iuues and rovenues shatl be apptied by such Receiver xcwd~n9 to the lien w equity of said MORTGAGEE and fM practice of such
CouA. ~
B. io dufy, promptty and fully prrform, dixharge, execute, e(fect, compkte, compty with and abide by each ~nd every tlr atipulatans, ayreements,
conditions and covenantt in said promissory nofe and this mutgage sef forth. ~
9. That in the event tl~e ownership of the mortgsged premises, or any psrt thereof, becomes vested in ~ penon other than the MORTGAGOR, the ~'J
MORTGAGEE, its successors antJ au~gns, may, without notice to the MORTGAOR, deal with such wctessor or wcteuor in inttreit witb reference to thii ~ E
mortyage and the debt hereby setured in the same manner as with Mortgagw witAout in any wav.vitiatinp a disthar9inp the Morty~gors' li~bility htr~- ~ ;
undcr or ~pon the debt hcreby sec~red. No sal~ of the prem~xa hereby mo~tgaged and no ~orbeuance on Ih~ p~rt of tM MORTGAGEE a its successors
or assigns and no extens~on of the time fw the payment of the debt hereby secured ylven by the MORTGAGEE or its ~ucteuort q aui~nt, sMll operaq O'
ro rdease, d~xhuge, maJify change or affect the original tiability of the MORTGAGOR herein, either in whde w in part.
10. It is speufica~ly agreed ~hat time is of the cssc~xe of this contract and that ~o waiver of any obl~g~tion herevnder p of tM obliyation ~e-
cured htreby sAall at any time thereafter be held to be • waiver of the terms hereof a of the instrument secured FKrby.
11. (n add~tion to the forego:ng month!y payments of princ'pal and inferest requ~red by the promiuory ~ote secured hereby, moffgagor tovensnfs
and agrees to pay to mortgagee with each mon~hiy pay~nent an add~rional sum est~mated by mortgagee to be equal to 1/12 of the annwl ~ost of the follow- o~
ing:
A-A!t real property taxes lev~ed or assessed agai~st the above described real estete. v
B-Premiums on fire and windstorm inwrance as herein requ;red to be carried on the improveme~h situate on the above deavibed pramifp, ~ ~
C-Premiums on such mortgage guaranty insurar,ce as mortgagee shall from time to ~time deem fit to carry on fl~e ban aetured Mr~r,., ~
Mortgagee shall from time to rime not;iy mortgagor in writing of ti~e smount due and psyable herevnde? and such sum sl~sfl thy~rpql be'~ue and
payable on the due date of the next monthty payment and each successive month thereafter ur.fil mortgagee sfisll notify mortgagOr pf•e ~
~
Pmount_ Such sums shall be app!ied by mwtgagee toward the payment of real property taxes, insurance prem:ums, a~d mort~y~i Owtudy i~q(~raii~~
emiums. •
IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto set his haed seal the day and ar firtt aforesaid. - ;i i
' ned, Se and ed in the p?esence of: f:LEG ~4L, ~;tCu:tUE~ H S~ C.T x~, _
57.t11G~E - ~~NT~IftA. , i
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~ 3~'7919
STATE OF FLORIDA COUNTY OF ST. LIKIE
' ~ Se tember
' I HEREBY CERTIFY, That on this ~ day of_ p , A. D. 19 ?S ,
' before me personally appeared HazPl J. Harris and ~ranklin A. Harris
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i respectively President and Secretary , of
uarris Construction Corcoration ~iorida
, a - ~ Corporation, to me
known to be the pers~ns 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 the uses and purposes therein mentioned; and that they
; affixed thereto the official seal of said corporation, and the said instrument is the act and deed of said corporation.
WITNESS my hand and official seal at Fort Pierce , said county and state.
t•
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?'his instrument prepared by -
~ ':in. E. Braun PJotarj? Publi~, in for State and Couny aforesaid.
; „irst Federal Savings and Loan My Commission Pires: iQ~~ / g~9
Association of Fort Pierce, Florida. ~ „ . '
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Checked By,$~. . - : • ~ ~
- . _ : . g~~K 244 PACE 741
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