HomeMy WebLinkAbout0126 To pix~ •nd comi~uw,~1y ?~ep on ~he t„:~'d~f:gs ~o~v o. here~her ~~~~a~~ on sa~d ~~nd ~nd on ~H cquipmenl and p~rfo~~tly cOV~~sd by li~if mWt~
p~. wilh dt premivmf Ih~~eon pa:d (u0, (ire ~ntu~anc~ ~n the vsuaf sra~xlerJ pp;ety lorm. in • sum approvcd by th~ Nk7R(GAGEE. •nd windf~wm
~~swanc~ in tM ufu~l ~~andard pot.cy fam, In a wm •pp~o+rd by ~he MURIGAGEE, in tuch company w tompanies ~f th~ MORTGAGEE en~y
dir~tl; ~nd all lir~ •nd w~nditorm insw~nt~ pol~ci~• oo ~ny o1 ta~d bu~td~nq~. ~ny fn~ere~l the~ain or p~rt thereol, In tM apyrsp~M 1vm ~fa~~a3d or
!n ~xc~N IAereol, ~hal1 contain ths wwl slandmd mor~saye~ cl~va or wch o~Mr ct~u?~ a th~ Mp~y~gs~ may reqwr~. m~Ainp tM loss ui+da N~d po1E
citi. ~ach ~nd wNy. par~b}s ~o a~d MORTGAGEE as lnteres~ m~y sppear, ~r,d each and •very •ucA potic~ ~h~ll b~ prompdy ~u.pn~d and dNivered ~o
a~y h~ld by uid MORTGAGfE a~ fw~M. secw~W ~o s~~d n~ortyag~ deb~. and, no~ I~ss Nun ~~n !10) d~ys in sdwnc~ 01 tM ~xpi~afion of each po~icy, ro dr
I7v~r to wid MORTGAGEE a r~newal ~hereof, to~e~hm wi~A • rece~pt iw the prcm~um o1 such renewaf; and there ~MN bs no f~re or windt~o~m insu~~rK~
pliced on u~y of ~~id build~nys. aoy interoN Iht~~in p parl thercof, un;e~s in the (orm ~nd wuh tM lou payab+~ as afo~tuid: aod in th~ •vent •ny wm
o~ +^a+~Y payab~e undc. wch policy a polK7es ~~~d MORiGAGEE shall haw ths op~~on Io ~ecaive •nd apply the ume on ~ccoun~ of d?~ i~b~+d~
MA ietuted Mrtby O~ to pftmil aaid M~RT('iACiOR$ to fecriv• •nd uN it W any parl Ihe~eof lot Oth~•r pury:otrs, v.~~ho~t Ih:rcoi wai~ing O~ vnpai*-
inp ~oy pv~ty, fifn a riqhf v~der a by v~rrw oI fhii morrQaye; •nd ;n ~hs wenf s~~d A:ORTGAGORS si?~II for any r~afon (ail lo ke~p th~ iaid pr~mi~N fo
inswed. w tai) fp deliver prpnpUy ~ny o) uid pol~cies o) insura~ce to sa~d MORTGAGEE, a fa~! piOmplty lo pay Iulty •ny premium therefp or in any r
~espett fail io psrfam, d~scharg~, executs, etiecl, comple~e, compiy wit~ ~nd abide by rhit tovananf, or ~ny part ha~tof, ~a~d MORTGAGEE m~y plate ~nd
paY ta tuch inwranc~ o~ any pan ~h~~cof wahow waivinp or •ffeairq ~ny ophon, lien, ~qu~+y. w r~pM under w by virtw ol thi• Monpap~. ~nd ~hs
full amounl o( ~acA ~nd ev~ry iuch pay,n~n~ sMll be immcdi~tely dw ~~d payable ~nd ~hall bear intere~l (rom ths daf~ therao( unril peid ~t tM raN o}
~~n~ per untum pe~ annum erx! to~crhe~ w±rA ~uch inre~es~ aha11 br secu~ed by tM li~~ oi this mw~Qagt.
1. io permi?, commi~ a suHer no ws~~~, impai~rt,e~t w deter~oration of aa~d property or ~ny pan thtreo4. ~
S. To pay all and singulx ths cost~, cMrgei ~nd e.penses, dncluding s reason~ble ~~rornay'~ fee s~d cos~s of abst~attt of title, incurred o. p~id u
•ny ume by w~d MORiGAGEE, bccause p in ~he event of ~h~ failure on ~he pan of ~he s~id MORTGAGOR to duly, prompuy •nd fuNy pe.fam, d~uM~q~,
execv~~. elfett. compl~fe. comply w,tF? ~nd ~b:de bX each and every Ihe fliputanons, ~greement~. cond~t~om. ~nd cownann of t+id promi~so~y noh and thi~
mo.rgap~ ~ny w e~the~, and se~d cosrs, char9es a~d c;penscs, exh and every, ~hall be immed~atety due •~d payabte; whether a not rher~ be notice d~
mand. attemp~ to collect w suY pend~nq; sod rhe lutt amount of esch ~nd every wch paymen~ shall bear uderes~ trom ths date ~hereof until paid ~t Ihe
r.~re o1 n~ne per cen~~m y~• u~~~um; a:,d a11 said cosn, charges and expe~u~a ~nc~~.ad a pa~d, ~oge~her w~~h such intere», thall be iecursd by tht lisn ot thu
maty~y~.
6. Tha~ (a) in the even~ of any breach o( thii Mwtgage or daFav~r on tlr part o/ ths MORTGAGOR, p(b) ;n ths ~vent any of iaid sums of mon~y
herein r~(erred to be not pranptly a~d }ully p~id wirhin th~r~y 130) da~s next after ~he ~eme se.eretty bccome dve and payable, withoW demand o~ notite,
o~ (c) ir the evcnt rach and every the stiputeuons, agrcements. cond~~ions and covenanfa of sa d promissory nofe and th:s mwtysye any or either are nol
iuly, promptly and lupy perlormed, d~xMrgcd, executed, el4eued, comp:eted. compl~ed w~~h and ab~ded 5y. Ihen ie si~he? a any such evtnt tM u~d ~
gr~yate tum ment;on~d in said prpmiasory note then rem~ining unpa~d, w~th i~te~e~~ accrued. and a11 moneys secured he~eby. shall bccome dw ~~d pay~
ab~e fa~hw~th, or thercal~e~, at the opr~ of sa~d ~AORiGAGEE, a~ fu~ly and car.pieretY is i! •U o! t1~r sa~d s~ms of money were w~gioally ~npulated
to be pwid on such day, eny~hing in sa,d pran~ssory nate or ~n th]s Mortgage ro the con~rary notwithstand~ng; and thereupon or therea(te~ at tM opuon of
said MORTGAGEE, without not~ce o~ dema~id, s~it at taw a in equ~ty, ~he•efore w thereal~er begun, may be prosccufed es if •I! rnoneyt secuied he?eby
had matwed pna ~o ~ts institu~~on.
7. Thaf in the ~vcnt thar ~t 1he beginn~rg of or a1 sny time pend;ng any sva upon ~his Mortgage, ar to foretlose il, w to roform it, a to enfuq i
paymeM of any tlaims he~eunder, said MORTGAGEE ih~?I apply to the Gow~ hav~ng ~un~d:cnon thereoi for th~ appo~ntment ol • Receiver, fuch Court shal!
Ic~rhwith iFpo:nt • rece+ver o~ said mortpa9ed prope~ty all ~nd singular, indvd~ng all a~~d si~.gv~ar ihe ~r.come, p~of~ts, is~ves and reve~uef ~rom what~ver
wurce drrived, eaci~ and every of which, it betng exp?cs~ly u~rsiood, a hcrroy monflaged as ~f spcufiulty se~ fo.ih and desuibed in the yramiop u+d
hebendum ct~utes hereo(, and svth Rece~ver shslt have alt the broad a~d eHec~~ve fwcr.on~ a+x! powe~i in ~nywise entrusted by • Court to s Reteiver, ~nd
•uch appointrn~ro ahall be made by such Court ~s an ad~nitted equity and a matter of absolutc nght to said MORTGAGEE, u+d w~thout reference to tM
sdequeq w inadequacy oi the valve of the property mor?gaged or to ~he so:vency or insofvency of sa~d MORiGAGOR or the defendanq, s~d thaf such
rer,n, profits, income, issues snd revenves thall be app~fed by such Recr~+er accord~ng to fhe lien a equ~ty of ~aid MORTGAGEE end 1FIC ~KfiCQ OI such
Courf,
8. To duly, prompHy and futfy perform, d~schargq eaecute, efFect, comptete, comply w~t6 and abide by eath end every tiw itipufationf, sflreementt,
co~ditiort~ and covenann ;n sacd prom~sswy nore and t»:s me~sg~ge aet fwth.
9. ihat in the evero the ownersh~p ol the mortgaged prem~ses, w any part thereof, becomea vtsted in • perspn other than the MORTGAGOR, fFy
IdORTGAGEE, its successors and asa,gns, may, wi~ho~r nor~ce to the Ai10RTGAOR, deal wrth svch successor w successo~ in interest with ~eferenc~ fo this
~~w~g~ge and the drirt hereby secvred in the same rr.,,.,ner as w•~rh AAo,rgagw weiwW in any way vinating o~ d~schargir~g the Nbngagori liability F~erQ-
under or upon the debt he~eby ucu~ed. No sale of the prem~s»s hrreby mortgeged ar.d no forbe6rance ors the parl of the MORTGAGEE or its successws
or aasigns and no e:te~sion of fhe nme fo~ the payment of ~he debt hrreby secured given by Ihe MORTGAGEf or ~ts succeswrs w au~9n~, ihal! operate
ro release, d~uhargc, mcdify change or ai(ecr the ong~~~al iiab:hry of tbe h10RIGAGOR here~n, either in whole a in part. '
10. It is spec~ftcalty agreed thet t~me is of the esunce o~ ~his convacr md that no waiver of ~ny ub6gat~pn hereunder or of 1M oblipation se-
cu~ed hereby ahal~ s~ any time thereaf~er be he:d to be • waiver of ~he terms heropf p of the instrumeM tecwed he+by.
11_ In add.rio~ to the facgo:ng monthfy paym-nrs o~ princ pat a~d i~teroar requ;red by the pra.nts~rY no!e secvred he~eby, mortgagor covenants
and ag~ees to pay fo mo:tgpgee wdh ~acb month(y pa~:.xnt an addr:onal sum est~mated b~ mortgegee to be eq~ai ro 1 j 12 0~ the annual cost of tF~e follow-
~:,g:
A-AII rea! property ta~crs Ic•ried w asscsscd ayai~~st fhc above desc*i~cd rea~ estate. ~
B-Praq:~ucn: on f~re and windsto:m insu~acce as here'm ~eqv;red lo be carrird on the ;m;;roveme~ts iltuate on the ebove drscribed premists.
C-Premi~ms on such mo~tgage guaranty irsur~rze as mo~tgagee shall from ~:me to time deem fit to c~rry on the (oan secured hereby.
Mo~tgagee shnil from t~•ne to time ~ot~fy mo.tgagor m wnting of the amount dve and payabte hereunder and such sum ahail thereupon be dve and
F.ayabte on tF~e duc tiare of ihe next mo~thty payment and each successive month rhercaftei uc?i~ matgagee shall not~fy mortgaqw of • thange in sutM
~~„ount. Such suns shail i;e app!fed by mongjgee toward the payment of real property taxes, insursr.~e prem:vms, and mwtgage guatanty insur~nce
premivms. .
IN Y/ITTIESS ~/HFRfOf, the said M,QRiGAG~R his hereunto sef his hand and scal the day end year first eforesaid.
Scyned, Seated and delivered in ,n~ a~.~« ,r: T;AR'~I5 CONSTRUCiIO?d C.ORP(3.~~~ds,•'.•
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cc.~ ~.-~--s -r . BY ' _ ~
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STATE OF FLORI~A COUNTY OF ST. IUCIE •
I HEREBY CERTIFY, That on this t"`~ day of ~~h , A. D. 19 77 ,
before me personalty appeared Hazel J. Ha2'ris an~ Franklin A. Nar3'is
respectively President and Secretary ~
HARRIS CONSTRUCTION CORPC&1TION Florid a - ~
• a CO~porst~'t4 n1,e
known to be the persons described in and who executed ihe foreyoing instrument and severall, acknpyrl~ r exes
Y • . ~9~.
cution thereof to be their free act and deed as 'such officers for the uses and purposes therein mentio~"~d;_and thst theK
affixed thereto the official seal of said corporation, and the said instrument is the act and dqed,of said cprpbretfc»:
- . • -
WITNESS my hand and official seal at Fort Pierce Florida said coun an ~
tY. s4 ~at+~• ~1.. . , - :
This inatrun~nt prepared by Donald E. Hughes r~~~ ~ ~.~i_1~~
~'IRST FEDERAL ~1~S & LOAN ASSOCIATION OF Notary Public, in end for State and County aforesaid. / o
r O:ZT PIERCE~ Plorida My Commission Expires: 9~
NeUry t1s~n ~~t r1
3~~ fflEO ANp (tECOR0E0 0~. i3, t9~a
9t. ~t?CIE COUMTY FlA I~AY s
~+vrGn r J~
i~x$ f ~N ~ M~wcy ii~ i Ga~! Cowp~n
CheCked by CLER1c CIRCWT COUfi~ _
~ °~"^•~-°.~~P.IFIEC~
~f", ~ ~ 1~~R ~ ~ t¢t~ I~!'77 -