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Home My WebLink About0066 9. To place and continuouily keep on ~he bu~'d~ngs now or he~ee(~er ~it~ate o~ sa~d Isnd and on s1~ .:yo}pmenl ~nd perwnally tovered by this mo~t¢ ~g~, with all premiu~ns thereo~ pa~d ~n fuli, f~re insurancc ~n the usual standard policy form, in ~ sum approved by the MORiGAGEE, and windito~m iniuronce in the uiua) s~a„da~d po~~cy (orm, in a~um approvrd by the MORTGAGEE, in wch company o~ canp}~~es as 1ha MORTGAGfE may dirtd; +nd all (ire anJ w~ndstorm insurance pol+c~es on any o( sa~d bvitd~n9s, any intere~l thQrein or parl thereo}, in tM ~pp~eyale i~m ~fa~said w i~ ~xcess ~hereof, ihaii coniain ine usuai lIJ11UJ~lJ i~~v~~yoyeb c~:.,ia :.r i~.h a=hrr c!s~se as t!:r `~ars?agre may reqv:ra. makir+q tht ~es~ under ia~d polF ~ cis~, each and every, payabte to said MORTGAGEE as ~ts ~roerc~~ may appear, and each and every iuch poi~ty shall be p~omp~ly ass gned ~nd delivered to ~ny held by said MORTGAGEE as du~~her securily to said rt~ortgage debt, artd, no1 less lhan ten (10) days in advante of the expi~ation of e+ch polity, to d~- liver to said MORTGAGEE a renewet thereof, toge~he~ with a receipt for tM premium of s~ch ~enewal; and there shall be no f~re or windsto~m intur~nc~ pleced on any of said building~, sny interest there~n w par~ thereof, unle» in the form and with tM loss ptyable as ~faeiaid; ~nd in the •venl any sum o) money becanes psyabte undcv iuch pol~cy or policies sa~d MORTGAGEf ~hall have ~he option lo receive and apply the same a'+ account of /he indebted~ ness fecured he~eby w~o permi~ sa~d MORiGAGORS)o receive and use it a any part thereof for otncr purNoses, ~vai~out ~h~+:o~ ~Y3iW:~g o~ ~mpai~- ing any equ~ty, I~en o~ r~ght under or by virtue o1 this morrgage; end in ~he event w~d MOR~GAGORS shall fw any reaton fail to keep the taid p~emi~es so insured, or fail fo deliver promplly any of said po~~cies of ir.surance to said MOR~GAGEE, or fail promptly to pay fully any premium therefor or in eny ~esped (ail to per(orm, d~scharge, execure, effet~, complete, comply wiih snd abide by th~s covenan~, or any part hereof, said MORTGAGEE may place and pey (w such imurance or any part thereof w~thou~ weiving w affeUi~g any option, lien, equity, or ~igh~ under w by virtus o( this Mw~gaye, and the full amount of each and every iuch payment shalt be immediately due and payable and shall bear interest (rom the date the?eof until paid at Ihe rate ol nine per tentum per annuin and to~ether with suth inte~+ st shail be secured by tM lien of thi~ mprtgage. 1. To permit, comrrut w su(fer no waste, impairment w deteriorot~o~ of ta~d property w any part thereof. 5. To pay all and singular the costs, charges and expenses, including a reasonable' attwney i fee and costs of abst~acts of title, incurr~d or paid st any time by wid MORTGAGEE, because or in the event of the failure on the pa~t of the said MORTGAGOR to duly, promptly and f~lly perform, d~uharge. exccute, effeu, complete, compty w~ih and ab;de by each and every fhe stipu~ations, agreements, tonditions, and cove~ants oi ss~ai promissory ew~e and this mor~gage any w eitFxr, and ia=d coari, cha~ges and expenses, each and every, sha11 bs immedutely due and payabte; whe~her a not +here be rwtice_ dr mand, attempt to collect w suit pend~ng; and the t~ll amov~t of exh and e~ery such payment sAall bea. interes~ from the date ti?c.~~' :;ntil paid +1 ~he rate of nine per centum par annum; and all said costs, cha:ges and ex,~enses irxurred w paid, logethe~ w~th suth interest, ihall be secured by the lien of thif mwtpsge. 6. That (a) in the event of any breach of this Mortgage or defaulr on the part of the MORTGAGOR, or (b) in the event any of said sums of money herein referred to be not promptty and fully paid within th~rty (30) days ~ext afte? the same severatly become due +nd payable, without demand a ootice, or (c) in the event each and every the stipuiat~ons, agreements, conditions and covenants of sa;d promiswry note and th~s mortgage any a ei~her are not ~uly, promptly and (ully performed, d.scharged, eaecuted, effeued, completed, complied with artd ab~ded 5y, then in either ot any such evenf the sa~d ag gregate sum mentioned in said promissory note then re~naining unpaid, wilh i~teresf accrued, and all moneys setured hereby, shall become due and pay- eble fonhwith, or therea{ter, at ~he oprion o1 said MORTGAGEE, as fuily and completely as ii atl of Ihe said sums of money were orginally stipulated to be pa+d on s~ch day, any~hing in sa~d prom~ssory note or in ~his Mortgage to the com~ary notwithstanding; and ~hereupon a lhereafter at the opt~on of said MORTGAGEE, w~thoul notice or demand, suit at law or in equ~ty, thertfore or Ihereaiter begun, may be ptosecuted as if all moneys secured hereby had matured pnor to ~ts institunon. 7. That in the evenl that a~ the beginning of or at any time pending any sv~t upon this Mortgsge, w to iorecloie lt, or ro refwm it, or to .+`o+ce payment of any claims he~eunder, sa~d MORTGAGEE shalt apply to the Cou:t having ~ur~sd~u:on Ihereot fw tFx appointmem of s Receiver, such Cv::r' shail forthwith appoint a receiver of said mortgaged property ali and singula?, includ ng all and a~ngular the income, profits, issues and revenuea }rom whatever source derived, each and every of wh~ch, it being expressty unders~ood, is hrreby mor~gaged as if spec~fically se~ fath and dex~ibed in the granting and Fabt~dum dauses hereof, and such Receiver shall have all ~he tuoad and effective tunct~ons and powers in anywise e~tru~ted by a Court to a Receiver, and such appointmenf shall be made by such Cour1 as an admitted equity and a matter of absolute right to said NIORiGAGEE, and without reference to the edequacy w inadequacy of the value of the property mortgaged or to the wivency or insolvency of seid MORiGAGOR w the defendants, and that such renti, profits, income, issues and revenues shatl be applied by such Receiver accord~ng to the lien w equity of said MORTGAGEE and the p~adice of such Court. 8. To duly, promptly and fully perform, dscharge, execute, effect, complete, comply with and ab~de by e~th a~d every the stipvlations, agreements, conditions and covenants ~n said promisaory ~ote and ~his mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other fhan the MORTGAGOR, the MORTGAGEE, its successors and ass~gns, may, w~~hou~ nat,ce to the 1dORTGAOR, deal w~th such successo~ w successor in ~nte~est with reference to this mo~tgage and the debt hereby secured in the same manner as with Mortgagor without in any way vit~ating or dixharging the RAo~igagort' (i~bility here- under w upon the debt hrreby sec~red. No sale of the ~rern~ses hereby mortgaged and no forbearante on Ihe part of the MORTGAGEE or its successon or assigns and no exrension o4 the time for the payment of the deb~ h~reby secured given by the MORiGAGEE or its successws or auigns, sMll operate ~o release, d~scharge, modify change or affe~t the orig+nal lianil~~y of the MORiGAGOR F.erein, eithe~ in whole or in psrt. 10. It is spetifically a9reed that time is of the esse:+ce of this contract and thal no waive? of any obligation hereunder or of !hs ObY.~atiQn t! _ cured hereby shat~ at any time thereafter be held to be a wa~ver of the terms hereof or of the instr~ment secu~ed herby. ~jj~;!r;,.. ~ 11. In add:tio~ to the foregc'ng month!y paymenfs of p.inc pal and inrerest requ~red by the prom~swry no!e secured hereby~ rt~grt9~bf',I~bY~A'+yts and agrees to pay to moctgagee v~ith each momh:y pay~.~ent an add~rional sum esrlmated by mwtgagee to be equal to 1 f 12 of the ann~ cpsP of tb~ f~l~w f ~ '~9= . ~ ' . A-AU real property taxrs ~e~ne3 or ass~sscd agai•~st fhc above desr.i5c-d real estate. ;1 j~s.~i_ • Y- ' B-Premiums on i~re and windsrorm insurar.ce as here~n ~equ~red to be carried on the improvements s3tuate on 1he above dA~cf~~Cd p~isetr, : ' C-Premiums on such mwtgage g~aranty ir.surar~ce as mortgagee shall from tlme ro si~r,e deem fit to carry on the loan a v C Lled ~ ^ • 4 Mortgagee shall from time to rime no~ify mortgagor in wr;t~ng of ~he amount due an d paya b le h ereu n de~ an d suc h sum s i?a f~~ l fi e rqi~ l~~ ~~a n d j payable on the due date of the ~ext moMh;y paym~nt and each successive momh thereafter ur,tlt mortgagee shall notify mortgaQp~q b~ ~ tf+a n~ s Y~ Nr~h i amount_ Such sums sha:l be appl:ed by morrgag=e toward the payment of real prope~ty taxes, insurance {xem:ums, a~xl mottgap@, AiaMr • Sn~t1['arue~ premiums_ ~ ~ ~ ~ i IN WITNE55 WHEREOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day nd ear fiCO~ e~d O ' RATIpN 4 Signed, 9laled a~d delive?ed in the~resence of: „vveK MOIIR~IS ~ i r,~~RK C1RCUtT COURT B3rNtc~ 2 a4 i a c r - • , • ' ; _ p _ a1~ i('~ ~j test ,n NQV 1~ ~Y 7µ ~1'1 . ~Il ~1. 3~ $@CI'6 a~ - - _ _ - - ` - - _ - .:--t.r.----- - ~ ~ ~ .;.~C3iE~'7 •1.: . • STATE OF FLORIDA COUNTY OF ST. IUCIE t-~ i; n•.-'" 5~L da of- November J'' ~Q; ~ q~r 1 HEREBY CERTIFY, That on this y . s _ • before me personally appeared Hazel J. HBrZ'is and A~=~~~' . ~ respectively President and - Secretary of F • r' • ~ , ~ Harris Construction Corporation , a F'lorida ~ Corporation, to me ~ - - ~ known to be the persons described in and who executed the foregoing instrument and severally acknowled~ed 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 n n state. ~ ~ This instrument prepared by: ~ Donald E. Hughes ~ F~rst Federsl Savings ar~d Loan Assoc. Notary Public, in State and Counry aforesaid. ~ of Fort Pierce, Florida. r- ~bo ~~Of1mission Expir~~~ry ~ Sute of florid~ ln9! RG~;. 1'Al,t My (ommission Exp?es Auq. 30. 1980 bn{y ti ArMnuw {I~ ~ Gs~at? ~o~p+~1 R Checked By ~ ~