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HomeMy WebLinkAbout2210 J. To plaa ~nd contieM+a+s~Y kMP a+ 1M bui:dirps now a t+K~ahN siwaq on sald I~nd ~nd o~ aU puipnNM ~nd pasonaliy cuw.~d bY Mis nwr~P ag~, v~ri~b ~11 {xsmwnr ~hsrwn p~~d in fv14 fir~ insu~anc~ in tM usvat s~u+dud pdrcy farn, in a ~u~w aFjxowd b~ tAe lNORiGAGfE. a~d windstwm nswsna in th~ vawl a~~nd~.d pol~cy farn, h ~ wm approved F+Y ~M MORTGAGEE. in sucA coe+p~ny w co^~P+^Mt as tM MORTGAGfE m~y duarj ~nd all M+nd wNxba.m inw~snos policiea cn u+y of said b~i~di~ya, a~y inler~st t1+Ntin a pa.1 ~Mraol, in tl+~ ~repare swe danaid « h? ~xap tlwnof, shall eonNin tl» wwl sundard moregaye~ clws~ or wch alw~ dwa~ ~s ~M Mort9age~ may requa~. makinp tM bu w+dM u~d po1F c~». each ud ~very. p+Yatl~ a said MORiGAGEE ~s its interes~ may appea~. u~d eacl~ and we~y such pol~cy shall b~ pranpHy ass-~ned snd delirered w any M1d br s~id lNORiGAGEE as fe~tFw ucwity ~o said ma~yay~ deb~. ~nd ~ot leu rh~n re~ (~0) d~ys in ~dvanc~ of ~M e:piratan of ~ach polky. ro dr l~ver ro aid MORTGAGEE a~entwal thsiwf. tope~hw wi~h a receipt for the pr~mium of wch renewal; ard ther~ shall b~ no f'a~ w w~nds~am irnwanc~ plscsd on u~y of said beildi~ga. ~ny intcr~sl tM~e~n or p+rt th~reo(, unleu io tl~ form and wi~h tM 1~ p~yaW~ u ala~said: u+d in tM event any swn of mor»y b~cwn~s pay~bl~ und~r wd~ policy o~ pol:cies s+id MOkiGAGEE shall haw ~M option ro rac~iw and appty tM wne un xcount of th~ inebbted~ neia wcvnd hK~by p q pHmit s+1d MORTGAGORS to neeiw and us~ fl a any part thereof io. o~f+cr purposes, w~~hout thxeb~ waivi~ig a unpaK- in~ anY puity. li~n a rpht wrkr a by virtw of this mort~ape: and in the ova?t sa~d MORTGAGORS sh+U fa ~ny reason f~il to krep the said prkn~ses so 4 insured, o~ fail W deliver promp/1~r any of ~aid policies of insuruu~ ro said MORTGAGEE, a fall prompty to pay fully ~ny premium therefw a in anr retpett fail b psrforM, discharCe. e:scvt~, ef(sct. compl~t~. comply wiih and abids by 1Ais cova~ar~~, a+ny part hs~eof; iaid MORTGAGEE may plsce +nd ~ p+r for sucl~ iraurar~ o~ ~ny p~A thereof w~~hout w~ivina or ~ffec~iep an~ option, 13=a, eqv~ty. a rght w+d~~ a by virtus of thii Mortpsp~. +nd ths full amouet of aach ~nd ~wry sucA psyment shall be immedwrely dw and p~yablt and ahall beu inte~est f~om th~ da~~ thereof vroii pa~d at tM ~aa ol ~~~e pec oN+w,n pK an~wm snd togeMer with suct? i~~mest shall be xcwed by the lien of tlw mor~~age. 1. To p~rmit, c~ornmit o~ wffu no waue, imp+irment o~ deteiaration of iaid properry or any put thereof. S. 1o pay ~II snd sinpular tlr costs, cl~rges u+d expenses. including a ressonable ~ttaney's fee and oosts of ~bstrads of title, incvn~d w pa~d +t •ny tim~ by said MORTGAGEE, b~t+ust or in tM event of the failure on the put of tl+e uid MORTGAGOR b duly. promptly and fvlly perforrt?, d~scF~ar9~ execute. ~ffect. compkt~ oomply with aod ab~de by each and every the stipulaaona, agreements, eond~t~o% +nd covsn~nts oi said promissory no~e aod ~Fw mortgap~ any a either. and s+id costs, chuyes ~nd expenses, cach and every, sh+ll be imn+ed~ately due and nsyablct whether a not there b~ r.otice tlr mand. ~tt~enpt to collect o~ wit pe~wl~ngs +nd tM full s~~w~rnt of exh and every s~ch p~ymem sha~l bear interes~ f~om the dats thereof vntil p~id at the roee of nin~ pa centvm per anrwm; and all s+id oosn, chuges and enpenses in~wred a paid. toge~lur with such inta~at, iMll be secvnd by th~ litn of tlw 'n°rt9+~- 6. lMt in the event of any bresch of this Mortgaye w defa~ll on tl+e part of the MORTGAGOR, or (bi in the ~vent u?y of sa~d sums of money herein r~fKred ro ba nof prwnptty sad futly paid within thirry (3p) days next atrer the same seve~ally becans due sad payaWe. without ~de*n~nd w notice. or (c) in ths tvent each and every the stiputations, ~greemenri. cond~~ions and covenann of sa:d promissory ewfe snd th:s ma~9aqe any or either ue no1 iuly, p~omptly aod fully pe~formed, d:schuged. executed, eifected. completed, complced w~th ~nd sbided ~iy, then in ~i?her a any such wem tM s+id ~ preyate wm m~ntionad in said promiasory note then rema?nirg unpa~d. with insaresf acuued, u~d all mo~ys secwed hereby, shall betoroe dw ud pay- able fathvrith, w th~reahe~, ~t tl~e option of said MORiGAGEE, u fully ud completely ~s if all of tF+e said sums of ma~ey were w:girwlly stipulated ro be p+id on wch daY. anYfhieg in sa7d promiuory note or in this Mortgage to the cont~ary notwithstand~ny: and fhereupon a thereafta ~t the op~~on of se~d MORTG/?GEE, withow notice or damand, wit at iaw or in equity, therefore or tha~eafter begun, may b~ prosecvud u if all moneys secured hereby had matw~d ptior fo ib iiutit~tion. ~ 7. iFMt in th~ event thst at the beginn;ng of or at any t~me pending any wit upon ~ha Mortgage, a to foreclou it, or to reform it, a ro enfo~p payment of any clsims herew+der, s+id MORTGAGEE shall apply to thc Cou:t having j~~isdKiro~? theraof fa the appointment of ~ Receiver, wch Cou.t sh+ll forrhwith ~ppoint a ~eceivs~ of sa' mwtgaged property all and singular, includ~ng all and singular ~he incoms, profifs, iuues and revenues irom whatevK cource derivsd, tach and ~vay ~which, it being exprcssly ur?dastood, is hc+eby mwtgaged ai if spec~(icatfy xt fath and described in the p~antirg and habendurn clauses hereof, and sucl+ Receiwr shall have sll the broad and effeuive funct~ons and poweri in anywix entrwted by a Cowt tp a Receiva, and wch appointment sh~ll b~ msde by wch Court ~s sn admitred equ~ty and a mauer o( absolute right to s+id NIORTGAGEE, ~ad without refetence to th~ edsquacy a irydequ~cy of tl+~ v~lw of ~he p?ope.ty mo.~g~ged or ro the sonrency a ir+wlvency of sa7d MORiGAGOR or the defend+nts, and that such re~rs, profin, income, iuues aod rwe~?ues sMll be apptied by such Rece:ver accord~ng to tM lien w equiry of said MORTGAGEE and the practice of wch Court. 8. To dvly, prornptly arK! fully perform, dachs~ge, execute, effect, comptete, comply with and abide by each and every tM stipulations, ~g~semems, conditara snd coven~nts in s~id pra~?lssory note and this mortgage set fwth. " ~ 9. That in the event the oMrnership of the mortgaged prem~ses, w any p~rt thereof, becomes vested in a person othe~ than the MORTCsAGOR, ths A!ORTGAGEE, iri wcceswrs and auigns, msy, without rat~ce to the MORTGAOR, deal with such successw or iuccassa in interest wi~h reference ro this morigsge and the debt hereby secured in the same manner u with Mwtgagor w~thout in any way vitiatinp a d~xhar9ing the Mortgagors' liabitiry hert ~ under or upon the debt hereby secured. No sale of the Fremises hereby mor~gaged and no forbearance on the part of the MORTGAGEE or ib suuessors or a:signs and ra extension of the time fw the paymeni of the debt hereby secwed given .by the MORTGAGEE or its wccessors a au;9ns, shall operate ~o retease, dixha~ye, modify change or affecl the wiginal IiabiGry of the MORTGAGOR herein, eithcr in wFwle or in put. 10. It a specifically agreed that time is of the ~xnce of this contract snd tFut no waiver of any obl~gatan Ixreunder w of the oblg+tion se- cured hereby sMll ~t a~y time thereaher be held to be a waiver of the terms hereof a of the insuument secwed herby. 11. In add~tion ro the faego:ng monthly paYmeros of princ"pal and interest requ~red by the promissory nore secured hereby. mortgsgor covenanb and agrees to pay to mortgagee with each monthly payment an add~rional sum estimaled by mortgagee to be eqwl to 1/12 of Ihe annual cost of the follow- ing: A-All real propery uxes letiied or assessed against tF~e above described real estate. B-Premiums on fire and windstwm insurance as {xrein reqv:red to be carried on the improvemaib situate on the sbove desc?ibed premises. C-Premiums on wch mortgage gusranty insurar.ce as m«tgagee shsll from ttme to time deem fit to carry on the ban secured hereby. " ; Mwtgagee shall from time to time notify mortgagor in writ~~g of the amo:-ht due and payaole hereundrr and such wm shall thereupon bs due and Fayab!e on the due date of the next monthly payment and each successive month thereafte~ until mwtgsgee shall noti(y mortgagor of a change in such arr.o~m. Such sums shaU be spplied by mortgagre toward the payment of real properry taxes, inwrance prem:ums, and mortgage guarsnty insuance premiums. _,IN WITNE55 WHEREOF, the said N10RTGAGOR has hereunto set his hand and seal the day u fwst or id. ~ Sip~sd, S~ and ed ' the presence of: / r ~ ~ r n ~n - K--n STATE OF FLORIDA ~ SS. couNn oF _ St _ Lucie Befwe me personslly sppeared 1?rAnkl i n A H~ris and v~~ P i e H s~ r r i Q his wife, to me well known and krawn to me to be rhe indiv'~dwb described in and who exeouted the foregoing instrument, and acknowledged before me that they eaecuted the same fw the purposes rhete~n e:presssd. And the sa~d .]~Al ari a v~ Hs~rra,g w~fe of ths ssid ~s~nltl i n a g~ri$ - , separate and privat~ e:aninaYan by me taken seps~sfe and apah from her said husband, adcnowleclged ro e~d before me that she e:ecuted said inswment freely and volun- ra~ily snd withoul arnr compulsan, constraint. ~pprelronsion_. ~r fw of o~ from her ssid husband. WITNE55 my hsnd and official sesl this_~ ~-S ~ day of A. D. 19 ~E+ s~%u-/C.l~»IC.Ht-~ _ - Notsry Public ' for the State of Florida at tupe ~ My Cortrnisi expires: Rerum To: First Fsderal Ssvings 3 Loan Astociatan Of Fort PK~c~. ~.tt`'•«~:tliti~r;. , Notary Pub~c. ?1e4a of RaiBe af 6rge Fort Pierce. Fbrida Lt•1A~ ~ !~1y Comm~ss.on Exp ras !u~, 6, 1~67 - JQ ' : . 3onded By Amer,ca~ ~uret~ ;,o. oi N. Y. - ~ ~L~D A~10 RECOROED - . o''' ; ' COUNTY. FIA. _ : ~ v : ~ . LUC~E _ .r~ ~IFIED _ t`~ ~ : f= ' . `-~'~c~Z~ ~ Q ! ~ ~ s rn ' S CP~ ~ . ~3 A~ -:.\J ~ ~J ~i ~_~J • ~~~~s~• • _ ~ . O ''rf. 1508~0 ~ , r%J: , ; ' e, ''i.}; i i.:,s ; - ~ C~~~~~'C~~~~yj ~OURT BOCK161 PAGE 408 # y?~~~ ~ , . ~=s - ~ - - - . z - - ~ - , ~ -