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Home My WebLink About0978 J. To plac• a~d conlinuou~lY kesp on the bu~:dinqs now a Mf~~itN ~itus~~ or ~a~d Iand and on all equipmenl ~nd pe~so~+~~Y covered by thit morig- ege, with all promiums ~Mreo~ pa~d in full, fir~ iniurence in tM uw~l •~~ndard polity lorm, in a•um aN~uored by IM MOR~GAGEE, a~~d w~~~ds~o~m ~n~~ranc~ in ~he ~tvsl standatd pol~cy iam, io a ~um ~ppror~d by tM MORTGAGEE, in svch compeny o~ co~~~pan~e~ ss ~h~ MORTGAGEE m+y direch ~nd ~II fi~~ ~nd wi .rls~orm inw~ance polic;e~ oe~ •ny o( said buiW~nps. ~ny int~~est tl+ercin ot parl thereol, in th~ a99rega~• wm •(wesaid w . in excaa Ihtreo(, ~hal) contain tFw uswl st~ndard mwtpayet claus~ a such otFw d~ut~ u~M Mo~~~eye~ may requ~re, ms4in~ ths ~o~s undrr s~~d poli- c~es, each and avNy, p~Yabl~ to ~aid MORiGAGEE a~ iti ~me~e~t m~y ~ppNr, ~nd Nch and sve~y such poi~cy shall bs prompNy asi y~ed and de~i~ered to any hsld by said MORTGAGEE a1 furlht? ~etu~ity to uid mor~pay~ dtbt, and, nol I~u IMn t~n (10) d+ys in sdrance of ~he expir~tion of e~th poi~ty, to d~- I~ver to wid MORTGAGEE ~ r~r+ewal Ih~reof, lope~h~~ wi~h • receipt fw IM pr~mivm of tuch renewal; and ehrre shall bs no f~re or w~ndsro~m in~u~ance plec~d on any of said buitdingi. +~y intereil the~ein w psrt thereoi. unleu tn the /orm snd with ~hs loss paYabl• ai e(oresa~d; and in ~F+e event any eum . of mon~y becomes payable under such policy w poGcis~ said MORTGAGEE ~hall haw ~M op~ion to receive and spply the same on accoun~ o( the incieb~rd- ne~s ~ecured haeby o~ ?o pe~mit sa'd MORTGAGORS ro receiv~ and uss it a any par~ ~hereof for o~~~er purF,esr~. v.;~~,ouf th,.~ wa~.~.~ u. ~~~~p~~•. ~ng any puity, Iie~ or rghl urx~r w by virtus of this mort~apr, and in IM ~vent taid MORTGAGORS ~hall fo~ any ~easw~ fail to keep the s~id prem~ses io _ ~nsu.ed, o~ fail ~o deliver prompNy any of isid polic~es of iniurance to said MORTGAGEE, a fail pror.,ptly to pay lulty any p~ei~~vm rherefor a in a~y resped fail ro perfwm, discharge, execute, effsct, comptets, comply with ~+d abids by thif cavenaro, or any part hereof, said MGRfGAGEE may place a~~d pey fa such inwra~ce w+ny part lhcreof wi~hout w~ivinp a affestlnp any oplion, lie~, equ~ty, or righ~ under w by virtue of ihii M«tgape, a~d the !~II amouM of each a~d ev~ry ~uch payment tl+all ba immedi~tdy dw and p~y+ble ~nd thall bea? interest from tM dats lhereof un~il pa~d at tF?e rate of n~ne per cantum per annum and together with such intc~est sMll be iecured by tM lien of this mortgage. 1. To pamit, comrnit or iuff~~ no waste, impairment w detcrioration of said property w any part thereof. 5. To pay all ~nd singula~ ths costs, ChargM ~nd Oxpenl0i, includi~y a reasonable attaney's fee and costi oF abstrads of titb, incurred or paid et eny time by said MORTGAGfE, bacaus~ a in 1he event of the failur~ on the parl of IM said MORiGAGOR to duly, promptty and fully perfwm, d~?cna~ge. eKecute, eiFect, complete, comply w~th and ab:de by each ~nd every ~he itcpulations, agreemenrs, cond~tiont, and covenants o( sa~d promissory note and this n;orrgage any or e~ther, and sa~d costs, charges and eapenses, esch and every, thall be immediately due arrd payable; whe~her a not there be no~~ce da rnand, attempt to collect or suit pending; and tM fu~l amount of esch and wery s~ch payment shatl bear imer~st from ~tx date thereof until paid at ~he ~,,re of nine per centum per ani~ufi; and all ~aid costs, charges and expe~ses ~ncurred w paid, toge~Fxr w~th such interest, shall be secured by the lian of th~s mortgage. 6. Th~t (a? in the e~ent of any broach of this Mortgs~e w default on the part of the MORTGAGOR, or (b) in ~he event any of sa:d :~ms of money herein refsrred to be not promptly and fully paid within Ih~rty (30) days nexl after the same severalty become due and payable, without demand or notice, or ;c) in the event each and every the stipulations, agrcemenri, conditions and tovensnts of sa:d promissory note and th~s mortgage any w eithe~ are nof iuly, promptly and fully performed, d~uharged, executed, eifected, compkted, compl~ed wi~h and abided by, then in either o~ any ~uch event the sa~d ag- gregate sum memioned in said promiuwy note then remainin~ unpaid, with interest acuued, end all moneys secured hereby, shall become due and pay- ab:e forthwith, or thereafter, at the option of said MORTGAGEE, as fully and compleiely as i( aIl o~ fhe said sums of money were or~gi~ally st~pulated io be paid on s~ch day, anything in sn~d promissory note w in this MvrtyaQe to the comra?y norwithstanding; and Ihereupon a thereaiter at the opLOn of s+:d MORTGAGEE, without notice w demand, suit at law. ot in equity, thereFote or thereafter begun, may be prosecuted as if all montys secured hereby n;d matured pnw fo its institution. 7. That in the event thal at the beginning of or af any time pending any suit vpon this Mwtgage, w to faeclose it, a to reform it, w- to enforce payment of any claims he~eunder, said MORTGAGEE shall ~pply to the Gour1 hsving ju~isd~ction thereof iw the appo~mment of a Receiver, tuch Court shall for~hwith appoint a ~eceiver of said mortgaged property all u?d siryular, intlud+ng all and s~~gular the income, proiits, issues and revenues from whatever eoUrce derived, each and every of whrch, it beinp expressly understood, is hereby mortgaged as if spec~~ically xt fath and dexribed in the graroing and habe~dum dauses hereof, and such Receiver shall have sll 1F~e broad and effective funct~ons and powers in anyw~se entr~sted by a Court ~o a Receiver, and s~..ch appointment thall be mnde by such Court as an admitted equity and a matttr of absolute ~ight to said MORTGAGEE, and without reierence to the edequaty d inadequacy of the value oi 1he property mwtgs9ed w to ths sowency or insolvency of said MORiGAGOR or the defendants, and that such re~is, profib, irxome, issues and revenues shall be applied by such Receiver according to ~he lien or equity of said MORTGAGEE and ~he pract~ce of such Court. 8. To duly, promptly and fully pe~form, diuharge, execute, effecf, complete, comply with arvd abide by each and e•rery 1he stipulations, agreemeMS, co~drt~ons and covenants in sa~d pranissory note and ~his mortgsge set forth. 9. That i~ ths eveM the ownership of the mwtgayed premises, w ~~ry part tlxreof, betomes vested in a pe~wn other fhan the MORTGAGOR, the .'.OR7GAGEE, its suuessors and ~uigns, may, wifhout notice to the MORTGAOR, deal with svch tuccessw a successor in ~nterest with reference to th~~ r-o•rgage and the debt hereby secured in the same man~er as with Nbrtgaga w~thout in any way vitiating or d~scharg~ng the Mortgagor~ liability herr u~der or upon the debt hereby secured. ho ule of the p~emises hereby mortgaged and no forbearsnce on the part of the MORTGAGEE w its wccessors or ass~gns and no extens~on of the time fw the payment oi the debt hereby secured yiven by the MORTGAGEf or its successws or auigns, ahall operate ro re!ease, d~xharge, mod~fy cAange or afiect the wig+nal liab~~~ry of the MORTGAGOR herein, eithcr in whole or in Part. 10. It is specifically agreed that time is of the esserue of this contrad and, /hst no waiver of any obiigatian hereunder or of the obligatio~ se- c:,red hereby sha11 at any time thereafter be held to be a waiver of the terms hereof w of the instrument secvred hcrby. I1. In additio~ to the forego:ng monthly payments of print'pal and interest required by the prom~ssory no!e secured hereby, mortgagor covenants a~d agrees to pay ro morrgagee with each ~nonshly Fayrnero a~ add~iional sum estimated by mortgagee to be equal Io 1~12 of the annuaf cost of the follow- !,.,.3: _ - A-All real property taxes levied w assessed agai~st the ai~ove describcd resl estate. B-Pramiums on fire and windsrorm insurance as herein requ;red to be carried on the improveme~ts situate on the above described premises. ~-Premiums on such mortgage guaranty insurar~ce as mortgagee sha11 irom time to time deem fit to carry o~ the loan setured hereby. I' Matgagee shall from time to time ratify mwtgngor in writing of the amo~nt d~e and payable he?eunder and wch sum shall thereupon be due and ~ avable on the due date oi the next monthly payment snd each successive month thercafter urtil mortgagee shall notify mortgsgor of a char?ge Fn such ~ .•~~nt. Such sums sF.ail be app!ied by mortgagee Mward the payment of real p?operty taxes, insurance prem:ums, and mortgage gu~ranty inswance ~ .,,:.~~ums. ~~lEp AyD RECORDE~ , - IN WHEREOF, the said MORTGAGORSe~S~vQR~eQe~''(Kif b~r~d and seal the day and ear first aiwesaid. ~ aled de' aed in ~he aeseoce of: ~ R^GzR FOITa1~S ~ ~ " Cl E~X Cta~:flT CC~fiT g~; ~L ~ ~ - . . - . . • .,FIEO He.Zel . 8• - ~ ,g ~ - , _ - , ~ a~{ 18 3 39 PH'7T dttest•~ ~ - ~ ` ~ 3 ~ z~.C- • ~ n.• . A. s, ar ` . . . _ ~ _ - - - - - - - - ` -T-T ~ = ~ = - - 3~~~3 . , . . , STATE OF FLORIDA • COUNTY OF ST. lUC1E ~ i-~ K~ , A. D. 19 7? , I HEREBY CERTIFY, That on this day of_ before me personally appeared H8ze1 J. HBrris and ~'~liII A. Har~'is respectively President and. - Secretary , of _ _ HARRIS CONSTRIICTION CORPORATION ~ a FLORIDA Corporation, to me ~w known to be the persons described in and who executed the foregoing instrument and severalfj~~kn~w~e~l~ed the e~e- ~ ~ - - cution thereof to be their free act and deed as such officers for ths uses ~and purposes therein ~ritiqned~ and ~iat tH~y : affixed thereto the official seal of said corporation, and the said instrument is the act and dee~! :o~ Is~id cor~otation. ~ . , , ~ ~ ~ WITNESS my hand and official seal at Fort Pierce j! said county and state.'_•, • ~ This ins trumeat prepared by : Donald E . Hughes ~ : , ' i- ; ~ a ~ ~ ~ • ` ' ~ PYrst Federal Savings stid Losn ~ssOC. Notary Public, in and for State and County aforesaid. ~ of Fort Pierce, Florida My Commission Expires: ~c~~ry ~J~,.;, la~;e My Ccmr. . r r: . ~:c. 13. 1580 ~..c<a 6~ A:.,;_a~. L~s 6~..a•sa~ 4~sr+y . . pa ~r,nC{(@C~ B~/ ~ ~ ` BO~K 2V0 PAGE 977