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HomeMy WebLinkAbout2216 , . 3. To plac~ ~nd con?inuously keep on the buitdingi now w heresftN situ~te on +atd land and w+ ~II equipment and p~rtonally cove?~d by thi~ mort9- ag~, w~Ih ~II premiurtA ~hcreon pa~d in full, fire insurance in the usu+l sqndard policy fam, jn a su~n ~pproved by the MORTGAGEE, •nd windttam inw~a~a in ths uswl sundars! pol~cy fam, in a ium spproved by ?he MORTGAGEE, in such comp~ny o~ companies ai tha MORTGAGEE m~y dir~ctj ~nd all f'a~ ~nd windito~m i~sur~nce poticies oe~ any of isid bu7ld~nys. any interes~ therein o~ p+rt thereof, in t1w +ggreg~~e sum afassaW or in ~xceu ~hereof, thall contain tF,e uwal s?~ndard mwtgagx clause w such otha ct~us~ +i tM Mor~gagee may ~equir~, makinp U~e loss unde? said po1F cia, tach and every, payabls to ~aid MORTGAGEE as its inte~eit may appNr, snd each and every ivch poliq ihall be prompt:y au gned and delivered to any hsld by s~id MORTGAGEE ~s f~rther sec~rity to uid mortyag~ dxbt, and, not leu thsn ~en l10) dayt in advance of the sxpir~tion of each policy, to dr liv~r 1o iaid MORTGAGEE ~ renewal tFxreof, to9c~ha with s raeipt fw the p~emium of iuch ~snewal; and ~here shall be no fin or windstorm insurance placed on ~ny oi ssid b~rildirgs, ~ny interest therein or p+rt the~eof, vnleu in th~ form' ~nd with the lou payable a: afaeiaids a~d in the event any ium of money becomes p+y~ble unde~ such poliq w policiei said MORTG4GEE ~hall haw tM option ro ~eteive and apply the ~arn~ on +ccount o~ the indebt~ neis ~ecvred hereby a to permit said MORTGAGORS to rece~ve and us~ it a any part thercof fa o~hcr purposes, w~~hout thrreb,/ waiving o~ ~mpair- iny any eq~ity, lian or righl under w by virtue of this mo:tgs~e; and in the event said MORTGAGORS shatl for any reason fail to keep the ssid premisa io insured, w fsil to de~iver promptly ~~y of said policies oi insunnce to said MORTGAGEE, w fail promptly to pay fully any premium therefer a in any retpett fail ro paiu~, discharge, eaecute, eifect, complete, comply with and abids by this covensnt, a sny part i?ereof, said MORTGAGEE m~y pl~ce ar+d pay fa tuth insuraace w+nY Part thereof witlw~t w~lving or affedinp any option, lien, eqviry, or righl under a by virtw of this Mortpa9e, and the full amwnt of e+ch u~d every such payment iMll be immedi~tely dus and payable ~nd shall bear inte~esl from the date thereot until paid a1 th~ rate ot nine pe~ centum pa annum and to~ether with sucA interest shall be secured by the lien of thit mortgsye. 4. To permit, tnmmit or suffer no waite, impairmeM or deleraration of aid property or any part thereof. 5. To pay sll and ~ingul:r ths ~costs. charges snd ex{xnus, includiny a rcasonable attuney i fee snd costs of abstrscts of title, incvrred w paid at ~ e~y time by wid MORTGAGEE, because w in the event of the failure on the p+?t of the ssid MORTGAGOR to duly, promptly and fully per(wm, diuharga executs, eifect, complete, comply with and ab;de by each and cvery the strpulations, agreemenn, condiuo~s, and covenants of said promissory note and thii mortgye any or eithe?, +nd sald costs, charges and expences, esch and every, shall be immed~atety due +nd payable; whether a not there be notice d~ ; mand, attempt to collett w suit psndin9; snd the full :~mount of each artd every such psyment shall bear interest from the date thereof until paid ~t the ; rate of nine per cMtum per annum; ~~d all said cosrs, thu9es and expenses 'nturred w psid, together with such inttrest, shall b~ setured by the lien of thA mortp~yt. e. That (a) in the event of ~ny breach o~ thia Mortgsye w default on tM part of thc MORTGAGOR, a(b) in the eve+~t ~ny of sa~d swns of money herein referred t6 be not promptly and fully paid within thirty days next after the same severally become due and payabte, without dem+nd w notice, or W in the eve~t each and every the stipulatans, agreements, cor.ditions and covenanq of sa~d promiuwy note and th~s mortgsge any a either are no1 ~ ~uly, promptly and fully perfamed, d~xharged, executed, efFected, completed, complied with and abided Sy, then in eithe~ w a~y s~ch event the said ag gregate sum mentan!d in said promissory note then remsining unpaid, with i~terest accrued, and all moneys secu~ed hereby, sh~ll become dw and psy- able fathwith, or thereafter, at the option ot said MORTGAGEE, as fully and completely as ii all of the said sums of money we~e aiginaUy stipulated to be paid on such day, anything in sa~d p~om~ssory note or in this Mwtgage to tFx contrary notwithstanding; and thereupon or thereafte? ~t the op~ion of said MORTGAGEE, without notice w demand, suit at law a in equiry, therefore w thereafter begun, may be prosecuted ~s if dl moneys secured he.eby had matured pnw to its inslitution. 7. TMt in the evcnt that at the beginning of or at ~ny time pending soy suit upon thia Mortgage, or to fweclose it, or fo reform it, w to enforce payment of any claims hereunder, said MORTGACaEE shall apply to the Court having jurisdlction thereof iw fhe appo~ntment of a Receiver, such Coun shall FortFiwith appoint a receiver of said mortgaged property all and sing~lsr, includ~ng all and singular the income, pro~its, issues and revenues fiom whate~er source derived, each and every of wh~ch, it being expressly understood, is hereby morigaged as if speufically set forth ~nd desuibed in the granting and habendum clauxs hereof, and such Receiver shall have all the broad and effective funct~ons and powers in anywise entr~sted by a Cou~t to • Receiver, and such appointment shall be made by such Court as an admitted equity and a matte~ of absotute right to said MORiGAGEE, and without reference to the edequacy a irtadequacy of the val~e of the property mortgaged w to the so~vency or insolvency o( said MORTGAGOR or the defendants, and that such rents, profits, income, issues and revenues shall be applied by s~ch Receiver accordiny to the lien or equity of said MORTGAGEE and the practice of such Gourt. 8. To dul-:, promptty and fully perfwm, d7scharge, execute, effect, complete, comply with and abide by each and every the stipulations, ag?eements, k conditions and covensnts in sa~d promisswy note and this mortgage set forth. 9. That in the event tMe owncrship of the mortgsged premixs, w any part thereof, becomes vested in a perwn other than the MORTGAGOR, the ! MORTGAGEE, iri successws and assigns, may, without notice to the MORiGAOR, deat with such successor a successor in interest with re(erence to thi~ mortgage and the debt hereby secured in the same manner as with Nbrtgagor without in any way vitiating w discharging the Mortgagors' lisbility 'he~e~ under or upon the debt hereby secured. No sale of the premises hereby mortgaged snd no forbearance on the part oi the MORiGAGEE or ets successws or assi~ns and no extension of the time iw the payment of the debt hereby secured given by the MORTGAGEE or its successors w auigns, shall operate to reteax, d~scharge, mod~fy change or affect the original liab~l~ty of the MORTGAGOR herein, either in whole w in part. 10. It is spec~fically agreed that time is of the cssence of this contract and that no waiver of any obligation hereunder w of the obfgstan st c~red hereby shall at any time thereafter be held to be a waiver oi the terms hereof w of the instrvment secu~ed herby. 11. In add~tion to the forego:ng monthly payments of princ"p~l and interes~ required by the p?omisso?y nore secured hereby, mortgagar covenants and agrees to pay to mortgagee with each momhly payment an add~~ional sum estimated by mwtgagea to be equal to 1/12 of the annual cost of the folbw- ing: A-All real property taxes levied or assessed against the above described real estate. B-Premiums on fire and windstorm insurance as herein requ~red to be carried o~ the improveme:+ts situate on 1Fie above described premises. C-Premiums on suth mwtgage guaranty insvrance as mongagee shall from t~me to time deem fit to carry on the ban secured hereby. ~!i Kwrtgsgee shall from time to time notify mortgagor ~n writ~ng of the amount duc and payable hereunder and such sum shall thereupon be due and ~ payable on the due date of the neat monthly payment and each successive month thereaft~r ur.til matgagee shall notify mortgagor of a change in such amount. Such sums shatl be apptied by mwtgagee toward the payment of real property taxes, in:vrance prem.ums, a~xl mortgage guaranty insurance premiums. IN WITNESS WHEREOF, e said MORTGAGOR has hereunto set his hand and seal thr day a year first or id_ _ _ Spned, ~led iv ed in the presence of: ~ ~ ~ - - ti .n ~ o-~e~-~e ~ ts~.q (Se+4 i ~ r5eaq STATE OF FLORIDA 1 ~F St. Lucie ~ ~ . ~ Before me ~ersonally appeared Rrankl in A. Harri s ~ Valerie V. Harris his wife, to me well known and known to me fo be fhe irwfividuab described in and who execoted the foregoing instrurrxnt, and acknowledged before me that they e:ecuted the same fw the purpous ~ rh~.e~~ exP.~sxd. a,d rt,e said Valerie V. Harris ~ wife ol the ssid Franklin A. Harris vpon s separate and priwte ~ examinstion by me taken separate and apart from F~er said husband, atknow~edged to and before me that she exetuted said instrumeM freely snd volun- ~ rarily and without aNr compulsion, constraint, apprehensioq„~er fear of or from her said husband. ~ WITNESS my F?and and official teal this a9 day of Februar A. D. 19 68 ~ - ~ - Notary blic i and ~or the State of Flwida at lsrge - My C missi expires: ~ ~ 7 / ~ Return To: ~ s: . ' ~ Fint Federsl Savings a Loan Associatio~ ~ Of Fort P~erce. _~r~.~ ~''.~t(, Sttie oi Flcrida ~i LarQe _ Fort Pierte. F?wit~a . t~ i,~~'+• ~;,ra,,-,ission Fzpues Auq. 6 1971 ~ ~ _ . ~~9id !x A~ Eiu 3 ~~UC Sea _ ' ' - ° ~ p RECORDEQ~ _ ~ : ~ FILED AN ~ - ~ - sT. LUCI~ COU~:TY. FLA• This instrument prca~red by ' . ~ ' ~ . ' s.:~ ~ ~ ~ c ~ First Federal Sav. & Loan Assn. ~ ~ ~ - ls~'_~~ ~ of Fort ce . . ; " Q" ~ ~ ~ 1 I • 2 ; ~y , ~ . 68 • : ~I It. . . J'•• ' • ~ ~ r •I!.~L l)~ f I.i.S y 0 R + r~ ~ ~ ~ R Y. C I R C UIT COURT ~ ~ 800K ~ ~U PAGE ~ir.~l~ ; 'a - 4- . - _ _ ::X~ ~ z~- y ~ < ~ - ~ ~ - ~ _