Loading...
HomeMy WebLinkAbout0976 3. To place and continuously ketp on ~M buildir?ps now o~ hKe~~~~r ~ituaq or s~~d la~d ~nd on ~I~ equ~pmenl arsd personally tov~red by ~hi~ mor~~- sgs, with ~11 {xem~um~ ~hereon pa~d ~o iull, tire ir?s~ruue io tM uswl ~t+ndud pol~ty io~m, in • tium approvad by ~he M~R~'vAG[E, a~~d w~nd~~wm tnsurance in the utual a~andud pol~cy iam, in a ~um ~ppror~d by tFK MORTGAGEE, in ~uch compsny w canpamet ~i MORiGAGEE m+y d~rett; ~nd all (ir~ and w~ndi~orm ins~rance po~icias on ~~y of s~~d buitd~nyt, any IMtr~s1 ~herein or put ~he~eol, in th~ ~gp~eyate ~um aforeta~d o~ in excea tl+ereof, Mall comai~ tM us~al ~tsndard matypN claus~ a such o~Mr claus~ ai tM Mo+~pap~~ may rrquu~, makinp ~he ~ass under ss+d pol~ ~ ues, each ~nd evay, payabt~ to said AhORTGAGEE as it~ int~resl may +pp~a. u~d e+th •nd wery ~uch pa~cy ~hall be promp~ly ~~f,9ned ~nd deilvered ?o any Mld by s~~d MORIGAGEE a(ur~hN security ~o sa~d mor~pa~~ d~bt, and, not I~si ~Mn ten t10) d~yt in advanc~ of ~hs •xpir~tion oi each poi~cy, to dr _ Gver ro taid MORTGAGEE a reeewal 11»~eof, Ioqe~M~ with a rateipl fa tFw pr~mium oi ivch renewaf; and thers ~hall be no fi~e o~ wind~wrm inw~ance : _ placed on u~y of said buitd~nps, ~ny io~ereat ther~in w pa~t th~rwf, unle~s in tM fo~m and with IM loss pa~•able es a(oressid; and in the event ~ny ~um of money becomes payable under ~uch polity w policas s~id MORIGAGEE ~tull haw ~M option to reca~~e a.~d apply the sa~ne a? account of the i~btrd nes~ fKV1~ f1O(Qt/y OI t0 permit said MORTGAGORS to ~et~iw and UM jl W•r1y Pdrl t~lre0+ 10r Oln~•! ~ ur~.0]CS. wilhO~t th~reUl w.:uv~n.3 J~ ~•++p~~•. ~ng any eqwry. lieo a righ+ under w by vir~w ol Ihis matya~~ ind ir? tM ~va~?t w~d 11tORTGAGORS sh~:i far anY reason iai) to keep the uid pre~niks w ~nsured, w(ail b deliver promptly any of said poliGief of insuranp t0 sa~d MORTGAGEE. ~or fail p:aaptty to pay fu~ly any pre~ni~m therefor a in a~y respect (ail to pafwm, discharge, exscute, ef(ect, tomplste, tomply with u+d abide by this covenan~, a+~y Pert Mreof, sald MORTGAGEE may p~ate a:,d ~ pey fw such iniurance w any part thereof without waiv~np or ~ffectinp ~ny option, lien, equity, w riflM unde~ w by virtue of this M«e~age. +nd ~he t~11 amount of e~ch and every iuch payment shall b~ immediatsly dw and payable ~nd ~hafl bear imere~l from Ihs dat~ thereof uniil pad a~ tha rate of ~ n~ne par centum per annum snd to~ether with tuth interest shall bt sacured by tM lien of this mWtyaye• • 4. To permit, commit or wffer no was1~, impairment ot deterioralion of said prope~ry w~+y p+?f thersof. S. To pay •!I and ungulx the cwts, charges a~d ~xpenses, includinp a iNSOMbI~ atton?ey's fee snd costs of ~bstracts of titte, incurred or pa~d a~ eny time by sa~d MORiGAGfE, because or in the ev~nt of Ihe failur~ on th~ part of tM taid MORTGAGOR lo duly, promptly end fully perf«m, d~xherge. : exec~ts, eifed. comple~e. comply w~th and ab~de by ~ach ~nd ~v~ry tM stipulelions, apreamentt. conditans. and covenann of uid prom~uory +a~e and ~h~s r mortgage any o~ e~the~, and sa~d cosrs, chargcs and expensea, each and evary, fMll b~ immediately due and pa~abie; whether d not there be not;ce da mand, attempt to coflect or ~uit pend~~g; and tM ivll amo~nt of each a~d every suth payment shell Eear interesl (rom the dete thereof unlil paid a1 the r.ete of nine per centum per an~~um; and all said cosn, chsrges and expense~ inturred or paid, together with iuch interest, shall be secured by the lien of thii morty~l. . ~ - 6. Th+1 (a) in the event of any brtach of this Matpspe o? defsull on tl» p+rt of tF~e MORTGAGOR, or (b) in the event any of ss~d sums of mo~e~ herein referred to be ~ot promptly snd f~lly paid withi~ th~rty (30) day~ neat after fhe ssme severolly become due and payabfe, wi~hout demand or notice, cr (c) in the event each and every the stipulations, agreements, conditions and covenanb of aa+d promiuory note and th~s mortgage a~y a e~ther are nof iuly. Promptly and ivlly pe~fwmed. discharged, executed. eifectcd, compkted, complied with and abided ~aY, then in either a any such ev~n~ Ihe aa~d ag g~egate ium mentioned in seid promiuwy note then remainirg unp~id, with interest sccrved, and atl moneys secured hereby, shall become due and pay etrle iorthwith, w thereaiter, at the optioe of said MORTGAGEE, at ivlly and comp~ete~y as if all of the sa~d sums oF money were w~ginally •t~pulaied ro be pa~d on such day, anything io said promissory note or in this Mort9aye to the comary notwiths~and~ng; and ~hereupon or the~eafror at the op~:o~ of sa~d MORTGAGEE, wirhou~ notice a demand, suit at law o~ in eq~ity, thereto~e a therealrer beyvn, may be prosecufed u if all moneys tecured hereby n3d matured pnor to its insti:ution. 7. That in the event that ~t the beginnirg of ot ~t any time pendinp ~ny suit ~pon this Hbrtgage, a to foreclose it, w to reform it, o~ to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Courf Mving jurisdiction ~hereof fot the appointmeM of • Receive~, such Cou?t shall forrhwith appoint a receiver of said mortgaged property ell ~nd tinpul~r, includ~ng all and singula~ the income, p~o(its, iuues u+d rtvenues from wha~ever source derived, each and evcry of whkh, it beiny exp~cssty ~nde+~~ood, is he~eby mortgaged ~s if ~pec;fically xt torth and dewibed in the g~anting and habendvm dauses f?ereof, and such Rcceiver shalt have all the broad and effective tund~ons and powers in anyw~se emrusted Dy a Cou.t ro a Receiver, and , s~;h appointment shall be made by such Court as an admitted equity and a matter of abso~ute right to said MORTGAGEE, and without reiere~ce to the edequaq or inadeqvacy of the v+lue of the property mortga~ed or to the soNtncy o~ ~nsolvency of said MORTGAGOR or the de(endants, and that such re~ts, profits, income, issues ~nd revenues shall be applied by such Receiver xcordiny to the lien or equity of said MORTGAGEE and ~he pracrice of such Court. 8. To duly, pomptly ~nd fully perform, dischacge, exccute, effect, oomplere, comply wi~h ~nd sbtde by e+ch and every the stipulatians, agreements, cond~rfons and cove~ants ~n sa~d promiuory note and Ihis mutgage ut fath_ 9. That in the event the owr+ership of the mortgaged premises, or any part fhereof, betomes vested i~ a perwn othe~ than the N10RTGAGOR, the A',ORTGAGEE, iq successws and augns, may, without notice to the MORTGAOR, deal with such tucc~sor d succe~sor in interest witA reference to this mo'tgage and the debt hereby secured io the same manner at with Nbrtgago~ without in sny way viGating or d~uharging the Mortgagors' liabifity here- ~.,~der or upon the deht hereby secured. No ssle of the premises hercby mwtgaged ~nd nr forbearance on the part of t}x MORiGAGEE w its successors or ass~gns and no exten'sio~ o( the time fw the payment of the debt hereby setured 9~vtn by the NSURTGAGEE oi its succeisws or ass~gns, shall ope:ate io retease, d~scharge, m~fy charx,~e or affett the orig~nal liability of the MORTGAGOR herein, tither in whole or in psr1. 10. It is spec~fically agreed that time i~ of the esxnce of this contrad •nd thal ra waiver of eny obligation herevnder or of the obligaYwn u- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof w of fhe instrument secured herby. Il. In add~tio~ to the forego:ng monthly payments of pri~c:pal and interest required by the promissory note secured hereby, mortgagor covenants a~d agrees to pay to mortgagee with each monthly payrnent an add~rional sum eat~ma~ed by mortgagee to be equal to 1;'12 of the annual cost of the follow- ~~:3: - A-All real property taxes levied or assessed agtinst t1ro above described resl estate. 8-Ptemiums on fire and wirxlstorm inuuarce as herein requ~ed to be urried on the improveme~ts si(uate on the aboye described p?emixs. _ C-P~emlums on such mortgage guaranty insurar~ce as mortgsgee shalt from t~rrK to time deem fit to carry on the loa~ secured hereby. ~ Y Mortgagee shatl from time to time no~ify mo~tgagw in writing of the arv~n~ due awd peyable hereunde~ and tuch wrn shall therevpon be due a~d ~ ;~vab!e on the due date of the next monthiy payment and eath successive mont~i trietea{ter urtil matgagee shall not~fy mortgago~ of a change in such ~ j a~~ ovnt. Such sums shall be applied by matgagee toward tM payment of real . property taxes, insurance prem:ums, and mortgaye 9uannfy insurance t ! p•emium3. ~ IIV WIT REOF, the said RTGAGOR hss F+ereunro set his hand and seal ~he day and year first aforeseid. ~ Sig and 'r~red ' tbE presente of: 0 ~0 ~C~f ~ S ~~w~~ _ fl*- « : L r :1.LU6tE_ PO{TAAS T ~3'~ • . h : F ROC~ ~ i ~ _ ~G J1T COUR • : ~ f ~ E.'l K • K I C (1 ` ~ ~ r _ ~ ~1~ Q'~ , a~y • M~~ I 8 3 3~ PM i'~° . a,~. . 34i6492 r - _ r - s~ STATE OF FLORIDA COUNTY OF 5T. LUCIE I HEREBY CERTIFY, That on this 19 th day of- ~ , A. D. 19.~~, before me personally appeared Naze 1 J. Rarris and ~'anklfT~ A. Rarris respectively President and - Secretary , of ~ HARRIS CONSTRUCT'ION CORPORA?ION ~ a Florida CorEioretion, to me ~ known to be the persons described in and who executed the foregoing instrument and sever~~y,acl~nowledged fhe exe- ~ cution thereof to be their free act and deed as such officers for the uses and purposes thereiti merrtiotfed;ia~d~tliaf-.they ~ affixed thereto the official sea) of said corporation, and the said instrument is ihe act antl :dee~. of said ~poration. . ~ ~ WITNESS my hand and official sea) at Fort Pierce ~~M~ , said county and 9~ate L~,. ~ ~ ~ ~ , / ,l` , - ` ~ This instrument prepared by Donald E. Hughes ' r t'= ` ~ i~='`-- - _ ' ?~'IR3? FEDERAL SAVII~'iS AND LOAN ASSOCIATION Notary Public, in and for State and County afore~a+d: ~ OF FOR? P'IERCE~ F1o2'id8 My Commission Expires: ~~l~, D~^tK, Sta:e of ~I..:<<!a yt ?a::;a ~ is / 3- ~ d µr ~--T'; E.;.~: i: i, ,s ~l~~d i~ A.~~sc:~r F.~• a ~c . . . ~ ~ ~hecked BY : ~ ~~p BU~K~IJO PACE ~75 S ?