HomeMy WebLinkAbout0289 To pl~t~ and con~irwoutily k~~p on tM bu~ldmg~ now a M~~~t~e~ Wt~a~~ on ~aid land +nd on ~11 equip~runt ~nd p~?~tly cowi~d by U?li +no+tp~
p~, wi~h ~p pr~mwms thaeon pa~d 'eo lull, lir~ Iniu~ant~ in tM u~ual ~und~rd polKy lam, in • ti~nn a~pro~.d b~ the MORTGAGEE. ~~d wind~twm _
inw~~nc~ in ~M uwal ~andud polay fa~r?, tn ~ ~um ~pprov~d by tM MQRTGAGEE, in wc6 ca~y~any a compae~~i ~t tM MORTGAf3EE may '
d'uatj ~r~d all fW~ ~+?d winduam iew~aoc~ po1k~~~ on ~ny of N~fI bHildill~{~ MY I/1111~~! ?MJf1I1 OI wIt IMfp~, in ~he a~r~yaee sum aionsaid w
tn ~kCf1f IF1l~pf, ~11 eontain ~h~ ~twl i~andud ma~ya~ elau~ w sueh otFw elaus~ n 1M Mat9~pN may rpuir~. en~kir+p tM ~o~f u~ sud po14 L~.
ciN. ~ach ~nd ~v~ry. p~Yabl~ Io ad N10RTGAGEE a~t~ in~HSSt may app~ar. and each K+d ~w~y ~~ch poiicy sliall b~ prompely au yr+~d +nd d~l;vsred ~o '
~ny held by ta~d AAORIGAGFf i~ fw~her iecurity ~o uid mor~pap~ d~b~, and. not I~u 1Mn ~~n (10I days in ~dv~nce oi tF+~ ~xpf.atan ol +ach poltcy. to d~-
liv~ 1o wid MpRTGAGEE • ~tn~wd Ihereo}. taptthti with • r~c~ipl tp tM pr«niwn of ~uch re~ew~l; ~r~d tM~~ ?MII b~ ro fir~ a wi~d?~am iMUranc~ •
pland on ~ny o/ ~id buiid~rp~. ~ny Ima~at thsre~n a pi.t th~nof, unleu tn ?h~ fo~m ~~d wi~b th~ los~ p~yabt~ n•la~~id~ ~ad in ~M w~m aoy sum
o} nwn~y bacpry~ p~yabN v+~r iuch policy a polK~s iaid MORiGAGEE aMll Mw tF» optan to rac~iw and appty tM a~me o~ ~ccovm ol tFN ind~bted~
n~ts ~eur~d h~r~by a b pe~mlt ~aid MORTGAGORS ro ~suive antf va~ it or •ny pa~l ther~ol lor onc~~ ~x,rpose~. wiehout ehrreb~ waivj~~ o. ,mpair- ~
b?p My pv~y, l~~n a ripM und~r a by virtw of fhu mortp~ye; +nd i~ tM ~wa~ a~d NWRTGAGQRS tMll (a ~ny r~aion f~il ro k~ep tht uid pr~mises w
~nsw~d. or f+il io d~livN panptly a~y of u~d polKies of i~iw~e~e~ ~o s~id MpRTGAGEE, or fail promptly ~o pay fulty ~ny pr~mium the.~ia a in sny ,
r~tpfcl t~il to pNfwm, d~schsrpe, ~xecute, sffeu, complete, comply with ~nd ib~d~ by th;s cove~an~, a~ny part F?n~of. s~W MORTGAGEE m~y p1~u ~~+d ~
par fa svch ~~?wranc. or any par~ ~h..eof witAout w~ivirq w affectir,p any option. INn. pvity. w rcpht und~. or by virtw of ehis Mor~qp~, and ~M ' '
full anwvnt of tach ~nd wMy t~ch payrn~nl shall b~ immadiat~ly dw ~od p~yabb ~nd tMN b~sr inrer~st f~om th~ du~ tMr~of until paid tl th~ rat~ ol i..•`.
nir4 p~r centum pN annum ~nd toqe~her wi?h such inte+es~ ihaU b~ sacvred by tiw li~n of th~i matyp~. .
1. To permit, cwnnu~ or tufta ra waat~, Imp~'urr~nt w deteriorafioe+ of ~aid prope~ty or ~~y P.n rM.wf. `
5. To pay all ~nd ~iiqular th~ costt, cMrpes afld fx~!!, ~MIVdi110 ~ ~easonable ~ttaney i(e~ ~nd costi of abslraNS of titl~, i~cw~ed or p~id at
sny Yun~ by said MORiGAGfE. b~cavst w in tM ~r~nt oi tbs failv~e o~ th~ put of ~h~ t~id MORiGAGOR 1o dufy, promptly ~nd fu11y per(orm, d~~thug~.
exec~ts, tifect. compkt~, comply w~th and ab~de by ~ach aeid wery the stip~l~taM. apreemeny. conditi«n. and oovenany of sa~d promiasoryr note ~nd thi~
mat~p~ +ny w ~itha. uid a~d costs, cMrpes ~nd ~xp~n~es. each ~nd wary. ~MII b~ irnrrKdia~~ty dw ~nd p~yablr, whether w nor tMr~ be nor~ce da
^+~nd. a»smp~ w colkct w wit pend;rg: and tl+~ fu11 amo~nt ot each and evMy such p+yment aMll b~a. iMSrNt froen Ih~ d~q tMreof until paid ~t the
ra~e of nuit per centum per aro~um; ar~d afl said cos~s, cM~ges and expensea incvued o~ paid, togsther w~th such imtrotl, sMll b~ secured by 1ht IiM of lhis
'^ortp+~w .
6. Tfwt in tM ewni of any br~ach oi thii Mo.t~aQ~ or default on tir psrt oi ths MORTGAGpR, or (b) in th~ ~vent any of s~id sums of mon~y
her~in reterrd to ba no1 promptly and fully paid within ~h~rty (30) days ~eat •tter ~ha sam~ sever~uy pecome due and payable. without dsmand a ~otice.
or (c) ie~ the ~v~nt e~ch and every Ihe ~~iputatio~s, agr~emenlti conditiory and covtn~nts of sa,d promiasory no~e and th;i morJpap~ ~ny a tither ~r~ ~m
ivly, promptly uid tully p~rforrrwd, d~xMr~ed. ~xe~v~ed. ~ffec~ed. ca»plNed. complied with and ~b~ded Sy. then in eitMr a a:?y ~uch ~wnt tM sud ~g
preyat~ wm rn~ntioned in taid promisswy note then .emaining uopaid. with in~erest acuucd, and all rrwnays setured he~ebY, ahsll be~com~ dw ~~+d p~y.
ab~e fo~tAwith, p thereat~er, a1 the opt;on of said MORTGAGEE, ~s i~lty and compte~ely a~ il sll of ~he asid wms of mo~ty vr~r~ pg~natly ~tipulatcd
ro b~ pa~d o~ ~uch day. a~yrhiny in aa:d promiaswy nore or in this Matgage to the cororary ~+orwi~h~tanding: s~+d ~harwpon a lhertaftN at ~M option of
ss;d IYIORTGAGfE, without notKe w demarid, iuit ~t I~w or in pu;ty, therefo~e or the+eaf+er be8un, may bt prosecuted u if ~11 morny~ aacurad hereby
had matuted prwl to ~fs insfilWion.
7. That in tF~ e~enr ~ha~ at tM begi~n~ng of or d any rime pend'ug any s~it ~pon ehts Mort9age, o~ to faetlos~ N, a ro rcform it, o~ to enfwc~
Psyment of any claims hereunde~. said MpRTGAGEE shalf apply Io tIx Cov~t Mving jurisdKr~on thereof fw the appointmen~ of a Rtteira. s~ch Court shail
fwrhw,th ~ppo~nt a nceivN ol said ewrtqaged p~operty •11 and iirgul~r, inclvdmg all ind singu4r the incom~, p~ofits, issues and rsvenves (rom whatwcr
•ourc~ dsrived, each ~nd every of whKh, i~ bei~y e,pressly unders?ood, ii hercby mwtgsged a~ ii apec;i;catfy ~et fath ~nd dsuribed tn the pr~nrinp ;o~..
hsbe~dum c4u~s hereof, and such Receiver thsll have all ~he broad and e!(ective funcnons a~d powert in snywise emrwted by • CQun to ? Rec~eivsr, ~nd
a~ch ~ppoimmeM sha11 be made by such Cowt ~s ~n ~dmitted equity and • malte~ of absolufe r~ght b uid MORTGAGEE, ~nd without refere~ce to th~
adeq~ncy a inadequacY of fhe v~tue of fhe propery mwt~a9ed or to the wwency w insotvericy of said MORiGAGOR a 1he deie.idann, ~nd fAat sucl~
renrs, proiits, incams, iuues and revenws sMlt b~ ~ppl~ed by iuch Receiver accord~ny ~o the lien or puity o( said 11IlORTGAGEE and the pract;ce of such
Court. ;
8. To duiy, promptty and iully p~rio.m, discMr9e, execute, effact, con+ptetr, comply w~~A a~d abide by eack snd ~very tM stipulations, aqreeme~b,
conditions ~nd covenams ~n,sa~d promissory ~or~ and ~his mortpag~ ut fwth_
9. Ti~at in the event the ownenhip of ~ha mortgaged ~,remises. o~ a~y part thaeoi, become~ vested in a perw~ other than the MORTGAGOR, the
MORTGAGEE, ib successws and assiyns, may, withovt notice to the MORTGAOR, deal with such successor w auccessor in interest with refereoce to this
mor~Qaye and tIK debt he~eby secured in ths sarne manner as w~th Mortgaga without in any way vi~utiny p d~scMr~~nq the Mon~agors' liability Fkrr
under w upon the debt hereby secwed. No s~le of ths Fremius Aereby mortgaqed and eo fwbeerance on the part of ~he /NORTGAGEE or its wccesson
w affigM ano no euenseen ui ii.e ii~c.e iw i~~e yi~~..a.~. :.S • ~_r~~ ~e...~ ~1.~ AlLf10TTAf:if nr ~ta we~Miors or afsieru. a11a1) ooefat~
.:.c w. ~
to nleas~, d~uharye. modify cMnpt a~ffett the a':gin~l lisb~lity of tM NK?RTGAGOR haein, ~ither in whole ot in part. -
3
10. It i~ apec;ficalty ~gr~ed that time is o( tM essence ef this tauract and tMt no wdve? of sny obl'~q~t~on henunder or of tM obtly~Yan ss- ~
cur~ he?~by shaU ~t any time thereafter b~ held ro be ~ wsiver of tFw tsrms hereof or of the iratr~me~t s~cu~ed- herby. ~ ~
I1. fn addrtion fo ths fo~eyo:rg monthly paYmenfs of p~inc'psl an~ inrere~t req~'ued by the piom;ssory nore secyred Fk~ebY, mortgagor covsnents
and syre~! to pay to morfyayet with eath moothty psyr~ent an sddirional sum est~mated by mwtqa9ee to be eqval to 1/12 oi the annuat cos~ of the follow- ~
ing: .
A-AO real p~operty taxa kv7ed a asscssed aga~~st the above described real esuta ~
B--Crtm;emn on lire ~nd windstam ;nsurance ~s herein raqu:red to be carried on the imprwernenh sitwte on the sbove desuibed ptemises. ~
C-Premiums on such mortgage y~aranty insurance as mOrlgagee shaQ from time to tirrK deem fit to carry on the loan slt~red F~ereby-
Matgagce shail Srom twv+e to r~me na~ify mortgaqw in writiny of tM amount due uid payabk herw~der and such sum shafl Ihereupon be due ~nd
payabla on rhe due dare of rha next monfhly payment a~d each svccessive +nonth tF?ereaf~er ur.til mongagee ahatl notify mortgagor~plfl`i' cl~auye in such `
p~ nt~.5uch sums shall be app.ied by mort9a9ee toward the payment of real property tsxes, inturance prem:umi, ~nd mptp~ ~r~r ~ insurance i
.
!N WfTNE55 WHEREOF, the sa+d MORiGAGOR f?~s }rcreunto stt his hand a~d seal the dsy (i~ '
S~yn~d. S~aled and detiwred in rl+~ p~ese.K~ of: f LEO IlN9 ltECJROE~ . Ar' ^--T~~ ~
s~. wc,~ C4UNTY fLA, ' = =
RG.;~.,,~eIR,~S ~ ; ~ .
ClfR~t Ci.;tU1T CQURt~` • ~ • '
RftAAD yf?tfjED " -
~[~1: ~ 3 ~~I~tes~ Frankl in . ~ . . .c. '
;
. ~s Pk'7b~
~ ''-~•.,iirNl~i
STATE OF H7.ORIDA ~~~~~;~9 COUI~TI'Y OF SAtNT LUCIE
I HFREBY CERTQ'Y. Tliat on thia _ 9~ ~y o~ De~ember ~ i•°;~.~~,~'~,~~-~
; .
beJw,e ,ne perso.wUr a~psored Hase2 J. Harris a„d _ Frankl.in~J[~.~;~
. ~a- ~r?--=-~
~•r~~ir PFe,td~.~ a.~d ~ ~ - Treaan ' r ~ • ~ ~ = ~ = f
~ _ . s+r~ ~~sc~'~.-;--~, a
HARRIS- OONSTRDCTION CORPORATION Florida fr~}~ein, tw me
knomn to bs tlie persona descrt6ed in and wl?o ex
ecuted the foregoing inttrument, and yver+a~`y~6~t_ow~~g~
cutton thereof to be lheir free act and deed as such of
ficen. ~w the uaes and purposes thoi+etn, ene~ititene~:?w~d that thep .
n~jixed tl~ereto tlie o~jictal aeol oj said corporution, and the iatd instrument fa the act and c~eed a~ iatd vorpor+utfon.
tVITNESS rny lea~ed and o/~tcial seal at Fort Ptenrs ~Q t and it e
Tt~is fnstzument prepared by Donald E. Hughes ~
FIRST FEDERAL SAVINGS & LOAN ASSOCIATI(~I
OF FORT PIERCE, FLORIDA Notar~r Public, fn State and Counh? Ajorosaid.
~ My Commtuton Expire~: ~tary pu6Gc, Sute o( Flo~~d+? ~t tu~a
F~ ~ Nlr Co~nmissira E:pas Auq. 30, 1980
! M~s. iac~swn~?[ nn~~ b~a b w..w~s~~ 1~n ~ Gs.+b Co~w~?
Checked By ~ .
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