HomeMy WebLinkAbout2880 To plap and conti~wiovsh keep a+ the buildinpi now w hereafter sitw» on iaW land snd on dl equipm~nt ~nd pawn+~~Y cow?~d bY ~^'~b'
age, with all prtmium~ thereon paid in full, fire insura~ce in tM uswi st~ndard polity fotm, in s~ approwd bY tM MORT~GE~RndT~wi~e~t~
~Y
insuranc~ in th~ ~sw) standard policy fwm, in s ium approvad by ~he ARORTGAGEE, io wch comp+nY ot oon~p+nia
direct; and ~II fin +~+d windstorm insurance pal~cies on any of said buildinps, u~y inhrat thaek~ or pnf thenof, (n tIN pq~paq awn ~fOnMid Or
In ezcess therwf, ~hall contain ~he usual ~tar.da~d morrgagee clsuse a svch othN claus~ u tM N1o.fy+yN ~naY nqvih. m+MU+p tM las w~d~ s~d PdE
c~es, e~ch ai+d ~very, p+yable ro said MORTGAGEE as its interest may ap{xa~. ~nd eatA +~d ~wrY such Poliq sh~IFM pramptlY +u:9^~d +^d eM~i`n~~d
eny Mld by said MORTGAGEE ss fuhher iecurity to said mutgage debt, snd, not t~ than tM (10) d~ri in +dv+eu of the ~:pu+tion of ~ad+ policy, to dr
I~~er to said MORTGAGEE a renewal thereof, toge~ha with s rece~pt fw the pr~rt+ium of such nn~walj and tMn ~iull b~ ra fin a winditwm Inwranc~
placed on ~ny of said buildings. ~ny intereit there~n w put thereof, unleu i~ tM form and with tM lass pay~bb u afw~s+ids and in tM ~wM ~ny sum - ,
of mon~y becomes pay~blt w?der suth policy a policiss said MORTGAGEE ihaN Mw tM optio~ to nc~~w ~nd WP~11 w^M ~ K~~^~ ~ fh~ i~d~btd~ ;
ness secw~d htr~by a ro permit said 1MORTGAGORS ~o receive snd us~ N o? any put tl?e~sof fw othu pu?poiea, wirhout thsreby waivinp w in+paiN
~ng any pvity, lien w riyht under or by vi~tue of this most9age; and in tM svent wid MORTGAGORS sh+Il fa ~ny ?~ason fail to ks~p tM a~id pnn?is~a so
~nsured, or fail q delive~ promptly ~ny of uid polKies oi insuranc~ to said MORTGAGEE, « i.~~ aomP~y ~o P.y fu~N ~^Y P~~^~~+^~ ~~fO~ p i^ ~^r
~es~cr fail ro paform, d~xharge, executs, effect, compkte, comply with and abide by this aownant, o~ ~ny W?t Mr~of, s+id MORTGAGEE en~y pl~u u+d
pay fw such inwrancs w sny put thereof without waiv"u+p a affectinp sny option, li~n, pvity, ot ripM undN w by vlrtw of thit MortQap~. ~nd the
t~ll amouot of sach and ~very such paymN» sh+l~ be immediately dw and pay~bl~ ae?d shall b~ar i~+terat fran th~ dat~ thereof until paid at tM raN o1
nine per tentum per annum u~d together with suth iNerest shall be secured by 1M IiNf Of this mot1~~Q~. -
1. To parmit, canmit or suffa no waste, impairment or deterioratan of said propKty w any p+rf 11+~r~of. -
5. To pay all and ~ngul~r the cosn, ch~?ges and expenses, incl~dinp a reason~ble ~ttorney's fN ~nd aostt of abshact~ of Ntl~. Mcvn~d or p+1d N
eny time by said MORTGAGEE, bacause w in the event of the failu~e on the part of tM said MORTGAGOR ~o duly, ~xo~,Pry a~d fi+iN p..~«~. d~+.ro~?
execute, effect, comptete, comply with and ab:de by each snd every the stipulatio~s, +~ree+n~nn. condi~ions. •nd oow^+^n of s+id promiswry na. +nd thia
mortgage any o? e~tFxr. and said costs, chuges and expenses. each and every, shall be &nmediat~ly due ~r?d p~yabl~t wMtMr w oot tMr~ b~ notia d~
mand, attempt to collect or wit pe~d~ng; +nd the full amou~t of each and wery xxh paymeM thall beu inttr~st fran tM date tM?wf u~til p~W at tht
rare of nine per centum per ern~u.~n; and all said costs, cMrges and expenses ititwred w paid, toptthet with wd~ tntu~at, sh+ll bt Mtur~d by ~M IiM of ihi~
i
mortgsye.
6. That (a) in the event of any breach of thi: 1Nortgage or default on the part of ths MORTGAGOR, or (b) ie tM ~w^t My of s~W sven~ of ^w^~y
herein refared to be not p~omptly snd fully paid within th~rty (30) days next after the same severally b~toew due ~nd p+yabl~. without d~mand o~ notit~. ~
or (c) in the eveM eath and every the stipulations, agreements, condi~ions arid covenants of u~d promissay not~ and ttus ma~p~ ~~I? or ~Itlwr an no1
iuly, promptly and fully performed, dixharged, executed, effected, completed, comp~ied with and ~bided by, f1Mn t~ ~itM+ a a+y wch ~wM fh~ s+id a~
gregate wm mentioned in said promissory note then remaining u~paid, with interssl acvued, and all nwneys Ncw~d• Mr~bY. ah~~~ beaon~ dw and P~1~'
able 4orthwitFy a thc?eafter, at the option of uid MORTGAGEE, as fully and completely as if ~II of the said s~w~s of mon~y vwr~ orpindly stip~lat~d
~o be paid on such day, anything in sa+d p~omissory note o~ in this Mortgage to the contr~ry notwitMt~ndinpj and tiwr~upon o~ thKtaftN tl tM option of
se;d MORTGAGEE, without notice a demand, suit at law w in equity, therefore w tMreafter bepvrl, nwy bt prwetut~d u If ~II moMy~ Mtw~d Mt~by
had matured prior to its institution.
7. That in the event that at the beginnirg of or at ~ny time pend7ng sny suif upon this Mortp~, ot to lohtlw~ H, a to nform tt, or to ~?fo+p
payment of sny claims hereunder, said MORTGAGEE shali apply to the Court having jurisd7ctan therwf foI fh~ appointnwnl Of ~ R~teivN. wth Court sha~)
forrhwith appoint a receiver of sai~ mwtgaged property all and singular, includ~~g all and ~ing~lu tM ineorr», profifs, issws u+d tewnws hoen wMf~vw
sc~rce derived, each and every of wh~ch, it being expressly undera~ood, is hereby mortgsged ~s if spet~fiully ~et fath and dMVlb~d M thi pr~t?ttnp and
habendum clauses hereof. and such Receiver sha~l have all the broad and effective fvnct~ons and powers in anywis~ entrust~d by a Court p~ R~oeiwr, ~nd
i~ch appointmeot shall be made by such Court as an admitted eq~ity and a m+tter of absolute rigAf fo taid AAORTGAGEE. and withouf ?~fer~ne~ fo 1M ~
adequacy w inadequacy of the vslue of the property mwtgaged or to the sowency w insolvency of said MORTGAGOR or fh~ d~f~ndann, and that such
re~ts: profits, income, issues and revenues shall be applied by such Reteiver sccordiny to tF+e (ien w puity of Nid.MORTGAGEE and /M prattit~ of wth
CouA.
8. To duly, promptly and f~lly perfwm, discharge, execute, effect, complete, cornply with and sbid~ by sath ud ~vsry th~ stipubtions, aprNeMnts, •
conditions and covenann in said promissory note and this mortgage set forfh. " -
9. TMt in the event the ownership of the mwtgaged prem~us, or any psrt theroof, becomes ve~hd ln a p~rwn otMr th~n tht 11I~ORTGAGOR, f~+~
MORTGAGEE, iri successors and auigns, may, without notice to the 1NORTGAOR~ deal with such sutc,Kwt or M+opssw in iMaqf with nf~rint~ to this
mortgage and the debt hereby secured in the same manner as with Mortgagor without in a~y way vitiatinp or dsth~~iry fhs Morty~pOrt' Iiabllity hN~-
under w upon the debt hereby secured. No sale of tFx Fremixs F~ereby mortgaged and no fab~aanp on tht p~rt of tl+e MORTGAGEE ot it~ wo[~sson
or ass~gns and no extension of the time fa the payment of the debt hereby secured given by the MORiGAGEE ot iri sucoessor~ or astipro, ~haU Op~ta~~
~o release, discharge, modify change a affect the original liability of the AM1ORTGAGOR hereir4 eitber in whols ot In puf• ~
;
10. It is specifically agrced that time is of the esxnce of this contract and tMt no walwr of any obliy~tion htrwnekr or of fh~ oblipati0n N~
cured hereby ihsll at any tinx thereafter be held to be a waiver of the terms hereof w of fhe instrwnent NcwN! Mrby.
1 1. In add~tio~ to the forego:ng monthly payments of princ paI and interest required by the promisWry nOte secured hereby, mOftp~pOr OOVlnanb
and agrees to pay to mortgagee with each monrhly payrnent an addirional sum estimated by mortgagee to be eqwl t0 1/12 of ths +nnual colt of th~ follow-
in~.
A-All real property taxes levied or assessed against the above desa~bed real esfate.
B-Premiums o~ fire and windstorm insurar.ce as herein requ~red to be carried on the improvlmenri situate On tIN abOV~ dlwi6~d (NNniNS.
C-Premiums on such mutgage guaranty insurance as mortgagee shal! from time to time deem fif to tury on iM (wn Ntur~d hsr~by.
i Mortgagee shall from t~me to r~me notify mortgagor ~n wr~t~ng of the amou~t due and payabk F~sreunder ~nd such wrri shall tlwrwpon b~ dw and
Fayable on the due date of the next month:y payment and each sutcessive month thereafte~ until mottqagee shall nofify morfgagor of a cMrp~ ln suth
a~-,ount. Such sums shall be applied by mortgagee toward the payment of real proparty hxes, inwraece premiums, and motfy~ ~wrMty insut~nq
premiums.
N WITNE1Yr'WHEREOF, the said MORTGAGOR has hereunto set his hand and seal th~ d~y r finf af
igned, Se~ and ed in the preserxe of:
~
a~ ~
_ ~
_
STATE OF FLORIDA !
couNnr oF St . Luc ie _ i ~
Before me personally appeared Franklin A Harria .~d
V 81 e T' ~ B V ~ gY'Z' 13 his wife, to me well known and known to ene to b~
th~ individusb dexribed in end who executed the faegoing instrument, and ackrawledged before me ihst they ~xecuted the sam~ for tM p~rposes
therein exa~d. a~a Valerie V Harris
N;,=e of th, uid Franklin A. Harri s - ~,P,n ,,ep..,t, ,~a P.;~,.a
e.am~natan by me taken separate and apart from her said husband, ~tkrwwledged to and before me tF~if she executed said i~qtrurt~ent freely and volun-
t a r ~ I y and wi~hovt any compulsion, constr~int, apprehens+on, ~ feu of o? from he? said husb+nd. L.~
WITNESS my hand and official ual thi~ g?¦~ day of A. D. 19~SL~.
~
~ Notary P ~c in ~nd fw the State of florida at larp~
My ission ~xp'ves:
Return Ta
First Federal Savir~s 3 loa~ Association . , F~4~a~ ~~{•rC. State o1 Flonda at Luqe
of Fo.t P~~.«. i=, _ aau Aog. 6. 1911 :
~y ,,:;~i;s;,:.. Ex ,
Fort P' ce F . t~' ~~r-r ~s
bod~d 6t A~i:sn fq~ & C+.
FI~ED AN~ ~2~~RDEO : . e °
ST. LUCIE COUNTY. FLA. ~ r, ~
_ t?=.f.~p~' `~`F~~IFD - ~ f
159499 - a i, ; : ~
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C.4,ERK CIRCUIT COURT gmK16'~ PaGf~S IO
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