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HomeMy WebLinkAbout1489 To plsc~ •nd continuously keep on the hui!di~ge now or M+eefter ~~t~+te on srid land and o++ ali equipme+H ~nd p~no~ally cov~rtd by thit morl¢ p~, with all prsmiums the~eo~ pa~d in full, fire ina~rance in the ufuai standerd policy fwm, in a sum ~pprov~d by ihs MORTGAGEE, ~nd windstwm Inwnnce in ths usual st~ndard poGcy form, in • aum approved by the MORTGAGEE, in tuch company w companiK ss tFK NWRTGAGEE may di~~tt; •nd •II fir~ and winditorm iniurance policie• on eny of snid b~ild~nys, ~ny i~taiast thsrein or put thaw4, in tM aqqray~~t~ ~um afor~wid or In ~xc~s~ ther~of, ihall contain ths usual ~t~ndard morrg~gee ciause or such other clause a~ the Mwtyagee m~y requin, makin9 the lofa ue+der ~a~d po~F ci~, s~ch +nd ~vsry, payable to uid MdRTGAGEf as its interest may appear, ~nd e~ch and every such po~ky shall be prwnptly sss.gned and detrir~r~d to ~ny Mld by s~id MORTGAGEE a~ further security to said mortgage debt, s~d, not ~~u 1h~n ts~ (10) day~ in advante of the ezpiration of each polity, to d~- (ivrr to ~sid MORiGAGEE ~ renewal the~eof, to9eths~ with a reca~pt for the pr~mium of ~uch renaw~l; snd there shall ba no fire or winditorm insurance pl~ttd on any of ~aid buildirqs, •ny intereit thereir, or parr thereof, unless in rhs form and with ths loss payebt~ as aforesaid; and in the event eny sum of mon~y becomet p~yable under •uch polity or policies said MORTGAGEE ~hall have tM option to receive end appty the same on a<tount of the indebted~ n~u tacured hereby ar to permit said MORTGAGORS to rece;ve and use it or any part thereof fo~ othcr purposes, without ~hereb~ wa~v~n9 or ~~npair• lnq •ny equity, lisn or right under w by virtve oi thia mo:2asye; and in the event aaid MORTGAGORS ahall fo~ sny reafor~ fail to keep the aaid premises io imured, or fail to deliver promptly ~ny of ssid pol~ties of i~sursncc to ~eid MORTGAGEE, a fa~l promptly to pay fully any premium therefor or in any nsp~ct fail to perfo?m, discharge, exetute, effect, complete, comply with end abide by thia covenanl, or any part hereof, said MORTGAGEE may p~ete and pay for such iniurance or •ny pert thereof without w~ivin9 a affectinp sny option, li~n, equ~ty, or ~ight under o~ by virtue of this Mortqape, and the full unovnt of ~ach ~nd every such payment shall be immediately du~ and psyabl• and shall bear interest from tM date thereof until paid at the rate o1 nin~ per ceneum per annum and to~erher with suth interest shall be accured by the lien of thit mortqeya. t. To p~rmit, commit or suffer no waste, impsirmrnt or deteciorotion of iaid property or any part the~eof. 5. To pay a11 and singular the costs, charges and expenses, including a eeasonable sttorney's fee and costt of abstratts of title, incurred or paid at •ny tim~ by sa~d Mt7RTGAGEE, because or in tha event of the failure on the part of the ieid MURTGAGOR to duly, p~omptly snd fully pe~form, d~schsrge. txecute, affect, complete, comply with and ebide by each and every the stipulations, agreements, conditions, and covenants of sa~d promissory note and thi• mortys9e •ny or either, and said costs, chargea and expenses, each and every, ~hsll be immed'+ately due and payable; whether or not there be notice do- mend, attempt to collect or :uit pend~ng; and tfie fu~l amount of each and cvery such payment shali bee~ interest from the date thereof until paid at the rote of nine per cantum per annum; and all said costa, charges and expenses incurred or paid, together w~th such interest, ihall be secured by the tirn of thi~ mortysys. 6. That (a) in the event of any breach of thia Mortgage or default on the part of the MORTGAGOR, or (b) in the event any nf said tumf of money her~tn referred to be not promptly and fuliy paid wirhin fhirty (30) days r.ext atter the same severally become due and payable, without damsnd or notice, or (cy in the evrnt each and every the atipu!ations, agreemcnts, condltions and covenants of se~d premissory note and thla mortgepa any or either ere not ~vly, promptly and fully performad, discharged, executed, effected, completed, compl~ed with end ab~ded `~y, then in either or •ny such event the said a¢ preyete tum mentioned in taid promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due snd pay abte forthwith, or thereafter, at the option of said MOR7GAGEE, as fulty arid completely as if all of the said surru of money were originally stipulattd to ba paid on tuth day, anything in said prnmissory nota or in this Morigage to the contrary notwirhsta~~ding; and thereupon o~ ~hareafter at tha op~~on of s~id MORYGAGEE, without notice or demand, suit at law or in equiry, iherefore or thereafter begun, may be prosecuted as if all money~ secured hereby hed m~turod prior to ita institution. 7. That in the evcnt that at the beginning of or at any time pend;~g any suit upon this Mo.tgage, or to fo?eclose it, or to reform it, or to enforce peyment of any claims hereunder, said MORTGAGEE sF+all apply to the Caurt having ju~~sdrc~ion thereof for the eppointment of a Receiver, suth Court xhall forthwith appoint a receiver of saifi morigaged property all and singular, includ~ng aIl and singular ihe income, profits, istues end revenues from whatever wurce derived, each end every of which, it being expreasly undersiood, is hereby morrgaged as if spec:fically sat forth and descritMd in the qronting and hebe~dum tlauses hereof, and such Receiver shall have all the broad and effective funcr,ons and powers in anywise entrusted by a Ceurt to a Receiver, •nd tvch appointment shall be made by ~uth Court a~ an admiited equity and a matter of ebsolute right to said MORTGAGEE, and withour reference to ihe ~dequacy or inadequacy of the value of the property mortgaged or to the solvency or insolventy af said MORTGAGUR or the defendants, and that suth rents, profits, income, i~aues and revenues shall be applied by such Receiver according to tfie lien er equity of said MORTGAGEE and ihe practica of such Court. 8. To duly, pramptly and fully perfarm, discharge, execute, effect, complete, tomply with and abide by each and every the stipuiations, agrrementa, conditions and covenants in said promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or a~y part thereof, becomes vested in a person other than t!te MORTGAGOR, the MORTGAGEE, its auccessors and assigns, may, without notice to ihe MORTGAOR, dsal with s~ch s~ccessor or wccessor in interetit with reference to thi~ mortgage and the debt hereby secured in the same manner as with Mortyagor withou~ in eny way vit~etiny or discharqing the Mortgagors' liability herr under or upon the debt hereby secured. No sale of the ~remises hereby mortgzged and no forbearante on the peri of ths MORTGAGEE or its auccessors or etsign• and no exrension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its ~vcceseors or auigns, ?hall operate ro releaie, discharge, modify change or affed the original Iiab:Gty of the MORTGAGOR heroin, eithe~ in whole or in part. 10. It is specifically ~greed tfiat time is of the essence o4 this contract ar.d that no weiver of sny obligation hereundrr or of ihe oblipation ~e- curad hereby ahall at any lime thereefter be held to be e waiver of fhe terms hereof or of the +nstrvment secured herby. t l. In add~tio~ to rhe forego'ng monthly payments of prirCpal and interest required by the prom~ssory no!e secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payrnent an addi~ional sum estlmared by mortgagee to be equal to i/ 12 of the annual cost of the follow- ing: A-All real property taxes levie,a, or asses;ed agai•ist thc above descri5ed real estate. B-Premiums an fire and w~ndsiorm insurar.ce as herein requ:red to be carried cn the improvtment~ situate on fhe abov~ dascribed premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from tlme to time deem fit to carry on the loan tecured hereby. Mortgagee shall from t~me to tlme norify mortcagor in wrihng of the amount due and payable hereUnder and such sum sha!I thereupon be due and payable on the doe date of the next monthly payment and e~ch successive month thereafter ur,til mortgagee shafl notify mortgagor of a change in such emount. Suth sums sha:l 6e applied by mortgagee tov.ard the payment of real property taxes, insurante prem~ums, and mortgage guarsnty insurance p:emiums. ~ IN WITNE55 WHEREOf, the said MORTGAGOR has hereunto set his hand and seal the d a yea~ first fo aid. 5i9ned ,Seafed and delivered in the presence of: c. a ~ ` .C ~-t Seef) ` C,~ C ` ` (Seal} , (Seal) _ i5ea I) STATE OF FLORtDA - t couNrr oF S t. Luc i e Before me penonally appeared Frgnkl 12'1 A HArris and V819T'~fj V_ HArris his wife, to me weli known and known to me to ba the individvsls drscribed in and who executed the foregoing instrument, and ac~cnowledged before me that they executed the same for the purposes therein expreised. And tfie •aid VB~~Z'i8 V ~flT'rig _ wife of the .a~d Franklin A ~82`2'~S upon e separate end private exemination by me taken separate and apart from her said h~sband, acknovvledged to and before me fhat she executed said instrumenl freely and valun- tarily and without eny compuls3on, constraint, apprehension, or fear of ot from her ~aid husband. LC WITNESS my hand and official ~ea! th~s- 2~th day of October . A. 19 v~ ~ ~ ~ '.~.~Lss ! - ••i~1li!l~~~ Notary Pu in and for the 5tate of Florida at Larpe '~''~Yf~~~'~1 I~~'' FiLED ANG I~ECORDED ~°rr` s'°" axpires: - •'1ZefurA~To! ~ Fint~ Fid~ral• ~ b'Cqen :~ssoc~atlon ~~1 • ~ ~ f( tl0tery PubI~C, State of 19orida a¢ Pofi • rPie(`~ r~,~ l~1y Comm'ss'an ~xp'r~s .A~g• 6, 19~~ ~ r •'f,wf.P„~xc~ F16r~da „-~~+(:---yC~Cf~„C~ ~ondld By Amerccan Sur~ty Co. ot N, 1(~ ~~'=~~t , ~ ~?rT 21 Fi~1 3 : 22 . ~ '~j:L-- ~ r2 +Clf `4.; ~ _ , ; ` _lJ~..'~~~ 'r/ I ' . ~~/R ~ . . ' ~ ' ti~•` ' .Y'~~i . ' RU~~:: ; ;~.J.<rt~:~ CLcRK ; ~ _ ; . ~ ~ S1". i..UCiE CUUNTY, ~ - . FLORIDA ' ~ . _ - ~ ~ooK 129 - ~ ; , = 29~ ~ , ~ - . .