HomeMy WebLinkAbout2140 J. To plan and contirwously kecp an ~ha buad~nps now w hsr~atr~r ?itua~e on said land snd on a11 ~quipn~t Nd pKSO^~uY cow~~d b1l thi~ ~naq'
~y~. with ~11 p~emiwns ~htreon p+:d in full, f~ra ins~r~nce in tht usw{ uandud pclicy fOtm„ in a sww apptOw~ by th~ MORTGAGFE. ~nd w'nth~wn~
~ns.,:anc~ in ~h~ uswl ~iu~dad pol.cy fav?. in a sum ~pp~oved by tM MOR:GAGEE. i~ svch canpanY w aompMi~+ +s ~M ~WRT`s/WEE '^~y 1
~~rat; and all iN~ and windsro~m ~nswaece po•K~es on any o/ u~d buildugs, any inM~~st tlwein w part ~hKwf, In the ppre~aN swe ~fa~said w
in eacrts 1haYO% sh+ll conuin tM usual uandard mor~9.~9~^ c?sus~ a rxh aF+N dws~ ~s th~ Mor~pe~ ~r rp~:in. mskinp tM bas w~du sa~d Po1F
c~es, e~th ud ~vtry. paYaDl~ w s+id NWRTGAGEE as :ts in~arrsl enay ipp~ar. and eaci~ and .wry wcA poi~cY sh+ll b. pra~pily us.yned ~nd d.live..d a
eny lxld br s~~d N10RtGAGEE ~s fwrhe~ iccvrity ?o u~d ~norigage drbt, a~d, nW teu than ten (10) d~ys i~ ~dvuic~ of the ~xp'v~~an of each pol~cy. to dr
I;ver to said MORTGAGEE a renewal thereof, to~e~M+ wi~h a rece~p~ for the prom~um of wch ra~wwalj and tMr~ sh~ll bt no f'a~ w windst«m Msw~~ca
alac~d on any of s~id buiWu+gs. any interest ~here~~ a pa~t the+cof, unleu Mi ~M fwm ~~d wi~h 1hs loss pay~bl~ u~(ortsaid; and ie tM evaM any ~wn
os nweNy bacomes pay.ble w~de. such poliey or potK~ sa~d MORTGAGEE shall Mw ?hs op~an ro reo~iw u~d spplr 1M u~ on aecovm o( ~M 4d~bt~d
nr~t securad her~by or a permit said MORTGAGORS to ~eceiw and uu it w any part tA~reof ior other pwposes, wi~hout tM+eb/ waivuy p unp+lr-
~ng any aquiry, lien ot ~igh1 under or by v'utw of this mo::qa~e: ind in the event said AIIORTGAGORS th+ll fa any r~ason fail ro 4e~p th~ faid p~~~ so
in3~red, ot fail b ~lelivet ptomptly a~y of said po!~cies of insurance to aeld MORTGJIGEE, or f~il ptomptly lo piy tull~ any premi~m 1hKtfor q in any }
reaprce fail 1o perto~~n, dixMrge, executs, el(rct, camplete, comply wi~h ~nd ~bide by th~s coven+rN. or +eY P+~t i?er~of, s~id MORTGAGEE m~y plac+ +~8 ~
pay fw iuth irauranct or any Nart thereof withaut w~ivinq o• +tFettinp ae~y option, lien, pviry. w rigM w~dN w bY virtw of this Mo~tpap~. uid the ?
f~tt amocn~ 01 esch and every sud+ paymem shail be ~mmedutely dw and payaW~ and ahalt beu inta~es~ fran ~M dat~ tM.sof until p~id ~1 tM ~ah oi
~~~•x per centum pM annum and to~rthet with such interes~ shaU be u~cured by tM l'wn of this matgsp~.
1. 1o pero.it. commit n~ suffe? no wasce, imPairment or detaioration of iaid propert~r or +n1r psrl thereof.
S. To pay atl and_s'ug~lsr ths costs, chugcs and e:penses. ~nclud~np a reasonable ~ttor~ey's fe~ and coiH of abstracts of titlt, inewr~d w p~id ~1
an~• rime by sa7d MORTGAGEE, becwu w in ihe event of ~he fa~lure on tM part of tM sa~d MORTGAGOR w duly, prompNy u~d futly pKiwm, dacn+~pt
e,ecute, ef~ect, canplete, cunply with rnd ab:de by each and every the stipuiations, agreemema, condi~ions, ~+d oown+nn of ~~id pr«nisso.y ~ot~ ~ed rha
mortgsge ~ny w ei~hcr. and aa~d costs, charges aod eapenses. each and every. sha~l btr imrnsdiately due and p~y~bl~i wMthK or not thtr~ bi eatiq dr .
mand, ancmpt to collect a wit pend~ng; and ~he f~ll arraunt of each ~nd every wch payme~~ shall beu intKeN from tA~ dst~ thr.eof wuil paW ~t th~
r.re of nine pQr CMfW~1 p!~ Antum; ar~ all said costs, chargea and eapenses inn+rted a p+id. togsthet with a~xh intuqt. sh~ll b~ t~wr~d by tiN lia~ of tha
morigspl.
6. Th~t (s) in the event of am bre+ch oi lius Morrgsge w default on tM put of the N10RTGAGOR, a(b) in tl» twnt any of said svn+~ of moewr
here~n refened to be not promptty and fully paid wirhin th~rty (30) daya ncat after the same sevetatty betoms dw and pay+bl~. without d~rn~e?d ot eotit~
or (c) in rhe evN+t exf~ and every tt+e s~ipulafions, agreeme~n, condaans and coven+nts of sa~d promissuy note a~d tF?~a mort9+p~ any w ~jthN u~ ea1
~uty, promptty and fulh~ performed, d;uharged, e:ecuted, effetted, completed, tomplied with ae~d abideJ ~iy, tlMn in tithN oI a~y stKh wMt t!M said p~
g~egate wm mentaned in said promissory note then remaining unpaid. ~rith inte~esl atuued. and all montys utvrld. hsreby, aMll bltonM dw ~nd p+y~
eb~e fwthwitly w ~Fureafte., a~ ~he opran of sa~d MOR7GAGEE, as fully snd complerely as if all of rhe said wn~ of mone~ w~r~ apinally st~pul~ted
to he psid oo such day, anythirg in wid p+omissory ~ote o~ in this Mortgage to tM contruy notwithfUnd"ug: ~i+d thereu~wn a ther~afta at tM optia~ of
se:d MORTGAGEE, .vithout norice w dcm:nd, svit at law w in equ~~y, thcreFore or thareahe~ b~yun, m+r b~ pro~ecut~d a if all ma+~y~ ~cur~ h~~by
n~d matwed prwt to its irqtit~tion.
7. TMt in the event that at the begin~~ng of w at a~y time pending any wit upon this Maty+ye, or fo lontlos~ h, p fo nform (f, or fo ~nfo?o~
payr„ent of any claims he?evnder, said MORTGAGEE shall apply to the Court h~ving jur~sd~ction tlxrwf fw tM appoin:m~nt of ~ Rtt~ivtr, wch Court sh~~~
Fcrrhwith appoint s receive~ of sa' mortgaged property alI and singular, ir+clud~ng all and singulN th~ inoorn~, profits, luws u+d ttwnws fran w!?dw~t
scu~ce derived, eath u~d every o~which, it being expressly undentood, is here5y mortgaged as if apeciiiully sef forth and d~strib~d Mf thi p~~ntinp ~nd
hjbendum clavses hereof, snd such Receiver shall have aIl ~he brosd and effective funct~ons and powtn in anywise entrwt~d by ~ Court t9 ~ Raufwr, and ~
s:,ch appointment shalt be made by such Court as an admitted equity and a m~~ter of ~bsc!ute right ro s~id MORiGAGEE, u~d without nfK~nc~ fo fh~
ad:•qvaq w inadeq~acy of the' wl~;e of the p~oper~y mortgaged w to the soivency or insolvency of aid MORTGAGOR o~ the defendants, and th~t tuth
~e~~s, profin, income, issves and reven~,es sha?1 be appl~ed by such Receiver xcadinp 1o the lien a~quity of said MORTCsAGEE and th~ prattio~ of wch
courT.
8. To duly, promptly and fully perfor.n, dixhsrge, execute, ef(ect, complete, comply with and abid~ by sach and ~wty !h~ stlpulation~, p~nri,
cond~tions and covenants in sa~d promiasory note and ~his mortgsge set iwth. '
9. That in the evrnt the owne?ship of the mwtgaped pre*nises, w any part thereof, beoornes wstd in a pKSOn otF~ tha~ tM MORTGAGOR, th~ ~
h~.pRTGAGEE, its successors and assgns, may, without notice to the MORTGAOR, deal wi~h such sua~awr or w+a~ssa ~n intaat wit!~ r~fN~ ro this
o•igage and the deb~ hereby secured in the same manrur as w~~h Mcrtgagw without in a~y w~y vitiatin~ or dach+rpinp the Mortq~pwa' Ii~Wlity !wr ~
: ~~der w upon the debt hereby secured. No sale of the premises hereby mo~tgaged snd no forbeawnee on th~ pa~t of IM MORTGAGEE p its suctesson
cr ass~gns and no exrens:on of rhe time fa the payment of rhe dcbt hereby aecured ~iven by Ihe MORTGAGEE ot its sutcessots ot ~ssiprq, ~hall op~rat~ ~
io retease, dixharge, modity change w atfect the aig~nal liab~l~ry of the MOR~GAGOR hereln, either in whole w in put. .
10. It is spec~fically agreed that t~me is o~ the easence of this contrad and thst no w~iwr of ~ny obliy~tan her~w~d~r or of th~ oblipation s~- ~
c~red hereby shatl at any time thereafter be held to be a waiver of the terms hereof p of 1he instrument setur~d hsrby. ~
11. In add+tio~ to the fwego:ng monthly payments of prin~ pal and inrerest required by the promis~ory note tetured iKreby, mott~agor town~ets
~~,d agrees to pay to mortgagee w~th each monrhly payraent a~ a~ld~rionat sum est~mated by mortgsgce to be eqwl to 1/12 of the snnual cotf of tht fol~ow- ~
j:
A-All ~eal property taxes levied or assessed against thc above desuibed resl estate.
B-Premiums on fire and w:~dstorm insurar.ce as here;n reqv~red ro be ca:ncd on the improvems.~ts situat~ on the ~bove desvibed pt~miNS.
C-Premiums on suth mortgoge guaranty insurance as mortgagee shsfl from time to time deem fit t0 urry on the loan ilCUrld hereby.
Mortgagee shall from time ro time ~otify morfgagor in writing of tne amount due and psysbk hereunder and such sum sMll thK~ypon'bY`fGl~. ~nd
c~;able on the due date of the r.eat monthly payment ana each successivt mwi~h thereafte~ until mortgsgee shsll notify mortgsgw of ~e~¢-itri~
a o~~nr. Such s~ms s1:a11 be applied by mo~tgagee toward the payment of real p~optrly ta:es, inswance prem:ums, and morty~y~ y~~'~fWj~r~~:
t`•2miuTi. ' \ ' . ~ i
IN WITNESS WHEREOf, the said MORiGAGOR has Fr_?eun?o xt his hand and seal the day fint id. ;~j ;
Q
iyned. Ses and de ' ed in the presence of: • : C d~•= : '
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1•~TE OF FLORI~A ~ _
~~uvnr pF St ~ Lucie ~
~ - Befwe rrK personally appeared Frankl i n A Agrri a ,nd
jT s~ l g» i~ ZL, x~rr i A his wife, to me well knawn and known to me to bs
tre individwls descr~bed in .and wno eaecuted the fwegoirg instrument, snd acknowledged befwe me tFwt tF~ey exeated the ssme for the purposes
~ ,~~~e:n ~xp~ea~d. ,1nd ~he :a;~ Valerie V Harris
r:~+e of the aa~d Franklin A. Harris ~rpon a sepaate snd privat~
c=am:nation by me Hken separate arsd apart trom Fmr said husband, sdu~owledged to and befwe me that she exetvted said instrument freely ~nd volun-
~a-~;y and withwt any compulsion, cocstraint, apprehensioo~r feu of or from her wid husb+~d. _
WITNESS my hand aod officisl seal this .~f~ dsy of ' A. D. 19~_
~JG,lirL--~ _
$ f~iotary P ~c in and fw the State of Florid~ N l~rpe
g My iuion sxpires:
Retu~n To:
~i~st Fedess) Savings 8 Loan Association t~~~~; • r: riotary PubMC, ~te1t Of I~oride st l.s~
of Fon P:e.ce. ,~,~~iT `r ~!y Commiss!on Exp+ns Aug. 6, 186 .
r•o.r P~erce, Fior~d ;~~r Bonded By Amencan Surety Co. of N. Y. i
FILEO AcID RtCO~tD~La. ` J:;~ ..;a'_-,:~%~: '
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