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HomeMy WebLinkAbout0974 3. To p'ac~ ~nd conNnuously kcep on ~he buitd~ny~ now a Mn~f~K ~ifwl~ or f~id Isnd ~od on ell equ~pinero •~d penonally covered by this mo+r9- ege, wi~h •11 premiums thr~eon pe~d in full, fir~ insurante in ~M uwN ft~nd~td polKy fo~m, in • sum •ppru•.aJ Uy Iha MOR~GAGtf, o:d wi+~dstwm ~ infuf~nCf io IM uswl ~~andard poLty 1am, in ~ aum ~pproved by tl+~ MOR~GAGEE, in ~uch cwnpany o~ twnpeo~ef ~s th~ MURiGAGEE may . d~rect; and all tir~ ~nd wind~~orm i~sur~nct polic~e~ a? any o( uid build~nyt. ~~y 1Mtre~1 Iherein or par~ thereol, in IM agg~e9s+e ~um atoresaid w In eac~fs tf?e~eo(, ihall contoin Ih~ vsual standard ~nortype~ c1+uN or suth o1hN C~~vf~ ~1 ~hs Mw~yayee may r~q~+r~, makirp ths 1os~ u~Jer sa~d po~i- . c~e~, ~ach ~nd every, p~yabl~ to s~id MORiGAGEE a~ its imereil may ~pp~ar. ~nd each artd e+rs.y ~uch poGCy ~hall Ix p~wnpHY 9^ed +^d dalive~ed to any held by said MORfGAGEE as fur~htr ~ccvrity to said ma~paq~ d~b~, and, nof less th~n I~n (10) days in sdvance oE the •xp~r~t~on ol each poticy, to da I~ve~ ~o ~aid MORTGAGEE e ronewal ~hercof, topether wilh a receipl tor the p~~mium o1 tuch renewat; sr+d ~hrro shall be no Gre o~ wLidslo}m inwra~ce pleced on ~ny o1 said build~~+gs, ~ny inlereal therein w part tMr~of, u~lau in tF» form and with ~h~ lou payable as alo~esa~d; a~~J in ~he eve~» any sum of R,onsy b~comea payable unde~ iuch pollcy or pc+IKi~~ said MORTGAGEE ahsll haw 1h~ option to ~cceive and epply the samr on eccovm of ~he indebtrd• s~ nes• ~ecured hereby w ro permit faid MORTGAGORS to receive snd uw H a any put ~hereot foi o:i~cr pur~CSrt, w~Th•.~~ ih~~r::~ w.:~~~,~3 or ~~~~p.,~~- ~ng any eqv~ty, tia? or ~~yht under w by vfrtw of this mortyay~l ~nd ln th~ ~vent qid MpRiGAGORS shall for any reiwn fail to keep the taid p~em~?es so - ~nswed, w fatl ro deliver promp~ly any of wid poGcies of insurance ~o said MORTGAGEE, or fail promptly to pay futly any pre~»~um ~herefor or in anY ~ - respect tail to perfpm, distharge, execufe, effed, tomplt?e, tomply with ~nd ~bide by this tovenant, or sny part hr~eof, s+~d MORTGAGEE may place a•~d • pey fa :uch insurancs or ~~y part thereof without waivirg w affcctinp a~y option, lien, equ~ty, or ~ight unde~ a by virtue of this Ma~tgage, a~d the f~ll amount of esch and every such payment tl+all b~ imrnedi~tely dw ar+d p+yable and iMlt bear interes~ from the date thereof umil paid et the rale of nin! pe. centum per an~um and ~oge~her with such interes~ shali b~ iecured by tM lieo of ~his mortqaye. t. To permit, commit w suf(er no wast~, impairment a d~teriwetan of said p.oPe~h « any part thereof, 5. To pey all and s~n9ulsr th~ costi, charges ~++d expenses, iacludin~ • ~easa+able attwney i fee and cos~s of absuacts of ~~tta, incur.ed o. paid at any time by said MOR~GAGEE, becauss w in tFro ~v~nt of tha fsilure on tM part of tM said MORTGAGOR to dvly, promptly and fully perlorm, d~uharge. exe<ure, effect. complete. comply w~th and ab~de by eech ~nd every the ~tipulations. apreemen~s, tondi~ions. and covenants of sa~d promiasory note and this mortgage any or e~~her, and sa~d costs, charges and expenus, exh and every, ihatl b~ immedialely due and payabte; whethe? or not there be nor~ce d~ n,and, attempf to collect or suit pending; and ~he iull amount o~ e+ch ~nd every wch p~ymenf shall bear imeres~ irom ~he date ~hereof unril paid a1 +he r.,re oi nine per centum per annum; and all said costs, chargei and expenses i~turred o~ paid, together with such imerest, shall be secured by the lien of thi~ mortgage. 6. Thaf (a) in the event of any b+each of this 1Nortyay~ a deF~ult on tFr part of the MORTGAGOR, or (b) in the event ~ny of sa;d sums of money herein referred to be not p~omp+ly and fully paid within th~rty (30? days next aiter the same se+erally become due and payabte, wi~heut demend or ~otice, or ;c) in the event each and every the itipulations, sgreert+~nts, conditions and covenants ot sa~d promisw~y note and 1h~s rtartgage sny or eitlxr are no1 iuly, promptly and fully per(ormed, diuharged, execuled, effetted, tompkted, complied w~th and ab~ded ~iy, then in eithe~ or any such eveM ~he sa~d ag gregate sum meNioned in said promissory note then rertwi~ing unp~id, with interest ucrued, u+d all maieys secured hereby, ihall become due ar~d pay- eble forthwieh, a thereaiter, at the aption of said MORiGAGEE, as fully and complete(y as i( all of ~he- sa~d sums of .money were o+~y~nally st~pu:ated to be pa~d on such day, anything in sa:d promissory note a in thii AAwtgage to the con~rary notwithstanding; and thereupon or thereafter st the op~~on of sa:ti MORTGAGEE, without notice o~ demand, suit at law w i~ equity, therefwe w therea(ter beg~n, may be prosecuted as if all moneyi secvred hereby nad matuftd p?~O~ t0 itl inititutiOn. 7. That in the eve~t that at the beginning of o~ at ~ny time pending any suit upw? this Mortgage, w to /aeciose it, or to reform it, or to enforce payment oi any cla~ms hereunder, said MORTGAGEE shatl spply to the Co~r~ having ~urisd~ction thereof fa the appo~ntment of a Receiver, such Court shail _ Forthwith appoint a receiver of said mortgaged property all and si~gular, intiud~ng all and singular thw income, p~o(its, issues and revenues from whate~er te~rce derived, eath and every of which, it being expreuly urtderstood, is hereby mortgaged as if speufica{ly xt forth snd dexribed in the gran~ing and habendum clauses F.ereof, and such Receiver shall have all ~he broad and eifective funct~on~ and powers in anywise entrusted by a Court to a Receiver, and s~ch appointment shali be made by sucA Court a~ an admitted equity and a m~tter of absolute right to said MORiGAGEE, and w~rhout reference to the edeyuacy w inadequacy of the value oi th! propery mortgaged w to the soivency w insolvency of said MORTGAGOR w the de6endants, and that such ~c~~rs, profin, income, issues and revenues s1?stl be spplied by such Reuiva auordmg to the lisn w equity of sa~d MORTGAGEE and the practice of such Court. , 8. To duly, promptly and fully perfwm, diuharge, execute, effect, complete, comply wlth and abid~ by each and every the iY~pu~ations, agreemcnts, , cor.d~t~ons and covenants In said p~omissory note and this mortyage iei fwth. 9. That in the eveM the owrxrship of fhe mortgsgec( premises, oa any part thereof, betomes vested in a perso~ other than the MORTGAGOR, the ti°.ORTGAGEE, its successo~s and assign}, may, wi~hou+ notice to the MORTGAOR, deal with such successor a successor ~n intErest with reference to th~s n~o~~gage and the debt hereby secured in the sartw manner as with Mortyaga withovt in any way vitiatiny or dischargtng the Mortgagori tiabi!ity hero- u~der or upon the debf hereby secured. No safe of ihe premises hereby mortgaged and no fwbearanu on the pari of ~he MORi6AGEE or Ets successors or ass~gns and no ex~ens~on of the time fw the payment of tM debt hereby secured given by the MORTGAGEE or its successori w., ass~pns, s7ia11 operate ro reiease, d~scharge, modify change or affect the or~g~n~l li~bility of ~hs MORTGAGOR herein, either in whole w in part. 10. It is -spec7(icaUy agreed ~hat time is of the axnce of this ca+tract and that no waiver of any obGgation hereunder or o( the obligation sr cvred here6y shatl at any time thcreafter be held to be • waiver of the terms hereof w of the.instrument secured herby. , 11. In add~tion to 1he Forego:ng monthly payments of princ'psl snd interest required by ihe promissory no~e secured herebY. mortga^yor covenants a~d agr~s to paY to morfgagea with each monthty payrnent an addifional sum est~mated by mortgagee to be equal to 1/12 of the annual cost of the foflow- ;,,3: . ~ A-AII real property taxes kvied or asseased against 1Mt above desuibed real es~ate. ' B-Premiums on f~re anSl winds?orm insvrance as herein requ:rtd to be carried on the improveme~ts situate on the above desuibed premises. C-Premiums on such. mwtgage guarsnty insurar,ce as mortgagee s~all from t;me to time deem fit to carry on the loap secured hereby. lVlortgagee shall from time to time notify mortgagot in writ;ng of the amounl due artd payable hs?eunder and such sum shall thereupon be due and i >.abte on the due dare of ths next monthty payment ~r.d esth sutcessive month thereafter until mort9agte shatl norify~mortgagor of a change in such ~ ounr. $uch sums sha!! be applied by mortgagee toward the payment of real property taxes, i+nurance prem:ums, and mortgage guara~ty inwrarice •e~~iumi. , ' IN WITNE55 WHEREOF. the said MORTGAGOR has hersut~iras~i~~seal the day and year first aforesaid_ 3 FRLY ~ f S~gned. Sealed and delivered in the preserxe of: sT.IUC~E ~`,Qy~TY ~L~ I$ 5 .~Q • rl~; ~ iiOCE~ POtTRA5 ~y; c'1- ~ jj„ : ~ - . ~ ~ r~ ~ :r ~~c~~r cc~,~j . I - -ttti s~C:' : T _ . , ~~~1~ . `R " ~ ~~t t: Franklin Hasr a~~~ s n y _ - - ~ M.. ~ ~ ~ 3~ P~{ ~ ~ > _ : ' _ . _ _ . . ~ - ~ - . ' - - - ~ - ~ ---r~r'+~~ r----- i~ STATE OF FLORIDA J ~~1UNTY OF~ ST. 111C1E 1 HEREBY CERTIFY, That on this 17~ day of- ~y A. D. 19 , before me personally appeared Hazel J. Hazzis and Frenklin A. Hazzis ~ respectively President and ~ Secretary , of NARRIS CONS?RUCTION CORPORATION ~ a Flozida Corporation, to me : ~ known to be the persons described in and who executed the foregoing instrument and severally acknowledged the ex~ {t wtion thereof to be their free act and deed as such officers for the uses and purposes therein mentioaed; and that.,they ~ affixed thereto the official seal of said corporation, and the said instrument is the act and deed ~of;s~, corpc~r~(t1s:. ~ . ~ . ; . ~ WITNESS my hand and official seal at Fort Pierce - F1o2"ida , said county and st fe:~ . ~r'.' _ 3 r = ' ~ This instru0ent pzepared by: Oonald E. Hughes ~ Y - " ~ " , , ~ ~ _ S. ~ ~ ~ First Federal Savings and Loan Assoc. ~ ~ ~ Notary Public, in and for State and Counry aforesaid. ~ of Rort Pi~ce ~ Rlozida My Commission Expires: i~ ~ ~ ~ [ ~3 F ~ . t-o~t rierce, rior~oa s~a~v ~~•/3- 90 ~ hecked By ~ geo~ 2~ PAGE 973 _ . .