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HomeMy WebLinkAbout1275 ~ ~ t~ {i~ . ~ . S. Te ptaa and oontiewouslY Iu~P on tM buildinp~ now a hK~aftK ~itu~q on s+id land Md on ~II p~ipm~M and ptnon+ily oow~~d by this nar1~ p~ wlth ~II p~«niwM ti~~on p~id in ivi4 fin kawana in tM uwal uu~d+rd polky form. In • swn ~pp?ov~d by tiK MORTGIIGFE, a~d windNOnn ieaa~na tn t!w wwl p~nd~?d policy for~. In • w+n approv~d by ~M N10RTGJ?GEE. M wch canpanY a oo~npania u tl?~ MORTGAGEE m~y dind~ ~nd all fir~ and wi~wnn M~w~na Pd~ on wq? Of NW b1f1Wi1~Qf„ MY M1N~f1 tlMr~k1 Of ~1 fI1MWf, ln tM apqrp~t~ wen afarpaid ar In ucaa Nwr~of. shd) oontNn th~ uw+1 sta+dard morq+pN claus~ a wch w!~ dwN a th~ MortpapM ~naY ?~quin. m+kir?p tM loss un~ said potb cia. ~ach a~d wM?. wraW. a uid MORTGIIGEE .s iM ioar.sf may app~~. and NcA aod ~wry such poticy shall M promp~ly ~ss:ynad snd d~tiwnd ~o ~ny Mld bp said MORTGAGEE a tur~hu s~cwhy ro s~id moN~+g~ d~bt. ~nd, ta1 bs~ ?Mn t~n l10) days lo advanu of the ~xpiralion of ~sch polity. ro da liva ro s~fd MORtGAGEE • r~wal tMnof. top~th~r with ~ naipt for tM pnmiwn of wch r~n~w~l; and ther~ sh+ll b~ oo fu~ or wind+tam imwu+c~ pl~ad on any oi s~id buildinp~. an1? lonrat M~a~in a put tlw~wf, unleu tn tM (wm u+d witA tM bu payaWe ~s ~fonsakls and tM ewM +iry swn o} ~y ~y~ ~ polky a policMs ~aid MORTGAGEE ahall haw tM option to nuiw ~nd apply tM sanN on +ccount of tM kd~bte~ ness a~ew~d hK~by or b pMmif wid MORT(3AGORS 1o naiw and us~ N or ~ny p~rt therwt fw othet p~?rposes, without thaeb/ waivinp or bnpain inp any puihr. li~n w~ipht wwlu a bp virtw of this nwrty~t +nd In tM ~vent ~aw) MORTGAGORS +Aall fa aoy ruwn fatl to kNp tl+e uid pranbes so kaund, or fall b d~liwr pranptly any of said polid~s of Msw~na to s+id MORTGAGEE, or f~il promptly to pay ivlty ~ny pn+nium that~fo? w in ar?y r~ap~ct fatl b p~rfo.m, dhcharpa. ~x~cuM, ~ff~ct. ca+~Pl~t~. oanplY wtth and ~Wd~ by this ooven~nt, a any p+rt Mhof. s+~d MORiGAGEE may pl~a and WY fa wch M~wano~ a ~ny p~rt 1Fwwf withouf w~ivirg a~ff~ctinp anp cWia4 li~n, s9v1t11. o~ r~pht w~ a by virtw of this MatQ~. and tht fuU anaum of ~+d~ ~nd wKy wch payn»nt sh~ll b~ inrmdi+t~ly dw snd p~yaW~ and ~h+B bear in;~est from tM dat~ thereof unril p~id ~t the rat~ 01 nirn pu pntum p~t a~xwm ~nd topaths~ wilh tuth Intenst sl++ll b~ s~tund by th~ li~n of this mottp~e. 1. To p~rmiy ao~rmif a wffK no wast~. MoWUment ar d~t.rior•rion of said property or ~ny part fhereof. S. To pay all ~nd ~qolar 1hs coah. cbary~a and ~xp~rws. includinp a rNSOn~bl~ at~om~y's fa~ and owta of ~bstracts of title, incvrr~d a paid ~t •ny ~im. b~r s.id MORTGJ?GEE, bc.us. a tin 11+. •wn~ of ~M f.ilw. oe ~he pan of ih. s~td MORTGAGOR ro du1y. vromP~y .nd fvUr o.rl«rn, d~sc1»~ ~xea+ta ~ff~ct. oomPkb. oomplY with and ~bide by ~sd+ and wery tl+~ stip~lations, apreernen~s. cona:iw~a. ~nd oownann of s~id promissory no» and this mo?AD+p~ +nY w~ithM. and s+id caats, ch~r~s +^d e:Pe^~es, t~ch u~d way. afWll bt G~r~adiately dv~ u~d p~yable: whether o~ nM Msre b~ notice ds msnd, ammpt to ooll~d w wit ~^Dt w+d tM full ~nount of each and tv~ry ~uch p~rment shall besr intere~~ fran the dah th~~eof until p~id ~t tlk rate of nin~ ps~ cent~m pa arrwms and ~II saW oosn, d+u~s +nd expN+ses inwrred or psW, wgNher with s~xh int~rest, sMll bs s~cu~sd by th~ lim of thi~ mo~rq+p~. . 6. ih~f (a) in th~ ~w~e of any bnsch af M?is AA«p+p~ or deh~lt on Nr part of the MORTGAGOR, w(b) tn~ the event ~ny of taid w~m of mon~y her~in nfKr~d to b~ not promptly and fu~ly p~id within thi~ty (30) days eiex~ after the sarr~ seve~ally betan~ due and p~ysbk, wi~how dem+nd w notioe, or W tn tM ~vem ~ad~ and wKy th~ stipulatioru, ~~nb. oonditions and coven~nts of s~id prc:-s=swy not~ snd th~s morsp~ ~ny w ~itha ah nw . ~uh. P~~Ptly snd fvlN PKfonn~d. disd~uped, exaauhd. ~ffsctd. oompleqd. canP~iad with u~d abided by. theo in e~~her o~ a~y such wtnt tM said ap~ prey~h awn mentia~d in said promisaory noro tF~a+~ rem~ini^p vn~id. with interest +cvued, and all ma+eys sea~red her~by. shall b~corne dw ~nd WY- •ble fathwith, w thKSaher. at tM optioe of said MORTGAGEE, as fully and complefely ss if all of the s+id wms of ~nonsy wero oripinally stipulated ro b~ paid on svch d~y. seythi+g tn said promisswy not~ a in thb Morty+g~ to ths conrrary ~otwithstsndinp: and tliereupon or thereafta at tM option of uid MORTGAGEE. witho~t notice or d~mand, wit at I~w w in puity, thsrtfon or thereaite? beyun, m+Y b~ Prosacuted as if all maKys secvred henby had matut~d p~io~ fo its inititvtion. • 7. That in th~ ~vent that at the begiM+irg of a at any tima p~ndiny any wit ~pon this Mortga~. a to foractos~ H, w to roform it, a to enfwa payment of any daims herevnder, said MORTGAGEE sh+ll apply to the Carrt havin~ jwisdrction thereof fw the appointmeM of • Receive~, wch Court sh~ll fwthwith ~ppoint a receiver of said matpaped property~ siny~rlar, iix'Judmg sll and singut~? 1M intomt, profib, iuues and nvenues from wFataver •owce derived, each snd every of which, it beinp e w~d~rstood, a her~by mortgayed ss if spec7fically ~et fwth a~d described in the y~~ntinp and habn~dum tlavses hsreof, and wth Receiver shatl have aU t brosd snd eHective functions snd powers in anywise entrvsted by ~ Coun to ~ Receiver. ~nd wch appointment shall be mads by wch ~axt as ~n s~nitted equlty aed s m~tter of :b:olu~e right !a said MORTGAGEE, and witF~out reference to t1~e adeqv~cy a irndeqwcy of the value of the popKty matp~y~d or to th~ soNency or i~olvency of s~id MORTGAGOR « rhe defendann, and that such rents, profits, incaoe, iuws ~nd rsvenues shall b~ applied by such Receiver sccadinp to tM lien w puity of ssid MORTGAGEE end the practice of wch Court. 8. To duly, promptly ~nd fully pufwm, d'nchar~. exeMe, effect, compkte. aar~ply with Md sbid~ Ity wci~ aod every the stipvlatioru, agreements. conditions and oovena+ts in said promi~sory ~wt~ ~nd this mortysge set fonh. 9. TMt in ehs event tM ownenhip of tM mortya9ed premises, o? ~ny pa!1 thereof, becon+es vested in a person osher thsn the MORTGAGOR, ths MORTGAGEE, its wcoessas ~nd ~uipro, nwy. without notice to the MORTGAOR, deal with such succeswr or successor in interat with reference to this ` mon~p~ and ths debt haeby ~acwed in tM sam~ manner +s with Mortgagor without in sny way vitiatinp a discharging the Mortysgors' Il~bility here- under w upon the debt her~by aecured. No ssk oi 1M premises h~reby mortgag~d and no forbesranu on the p~A of the AhORTGAGEE o? lts successon o. assi~ns ud no extension of the time for the p~yment of the debt hereby secured yive~ by the MQRTGAGEf or its sucoesiors or assip~s, ahall opewte w r~leas~, discharp~. ewd'fy charg~ or affect tM wiginal Itability of the 1NORTGAGOR herein, either in whde or In put. 10. h b specificslly ~greed tMt time is of the essence of thu cont~act and that no ws'rver of any obligatwn he?evnder or of the oblipation se- cwad lwreby ahall at any t&rr ther~after be held to bs a waiver of the terms hereoi o? of the irqtrurnent secwed he?by. 11. In additeon to the fwego:rg monthly p~yments of princ:pal and interest ?equired by the promissory note secured hereby, mortgsgor oovenanb and sgrees to p~y to mortgagee with each monthly payment ~n sdditional sum estimated by mortgsgee to be eqval to 1/12 of the ann~al cost of the follow- ing: A-All real property qxes kvied or +ssessed against the +bove described real estate. B-Premiums o~ fire snd windstorm insurance u herein requ~red to be carried on the improvements s'~tuate on the above described premises. C-Premiums on wch mortgage ~wranty insurance as matgagee shall from time to time deem fit to carry on the loan secvred hereby. Morty~gee iiwll from i~me to time notify matgsgor in writing of the amount due and payabk here~nder and such wm shall thereupon be d~e end ' payable on the due date of ths next monthly payment snd esch successive month there~fter until mortgagee shall notify mortgagor of a chanye in such ~ amount. Such wms shall be applied by mortyagee towsrd the p+yrnent of real property tazes, inwrance premiums, and morf9s~e 9w~anfy inwa~ce i • premiums. ~ IN WITNESS WHEREOF, the ~aid MORTGAGOR has herew?to set his hand snd sesl the day ar fint or id. . ~ { S~a and dtl ~d in tlie pre~eece o~ ~ ! , ~ ~ ts..~ STATE OF fLOR1DA ~ . St. Lucie courm of ~{a,~ ~„~,~h ,~,r.d Fr nklin A. Harris ,nd Val er ie V. Harr is h;s w;f~, r, m. r„~n krw~n, ,na wawn to m. ~o b. tFee k~dividwb datrib~d in ~nd who exewl~d tM foteyoirg Instrvm~nt ard atluwwledp~d btfore rrK that they ~xscvted tFa sarn~ fot tM purpw~s ~ ~ Valer~e V. Harzis wit~ d tFw wid F!a?11k1 A• H8Sl~~ ~rpp, a s~parat~ and prtv~N e~can~tio~ bp m~ tat~+ Kp~r~N and ~part from ha s~id 1w~b~~d. Kk^owl~dped to and b~fon nK th~t sl+~ txKVMd Nid instrun~nt fwly and volut~ rar;Fp and wHIw~A any eampuklon, eautraim. ~pprelwNi«+,p i~w of a froen ha wid Maband. WITNESS nry Iwnd ~nd offkial wal tNa tr t~R ~Y ~ Se tel~bQr A. p. 1968 x . Not+ry PvWic fo~ tl» StaN of Florid~ ~t l~rp~ Mr . ~~~~1 R~ewn Ta. ' finl f~al favkipr i Loan Mtotl~tia+ ~utuu~~. 1_-~ . . a iOA ~iMp. .`~~~~~,pl~ ~ n f~i~~ ~Oiiry ~I~f. Sti~! O~ ~ it ~ - . P~..~., F~~. . ,;~4 . f,,, ~ ~ c~;~, ~ 6. ~n ~ - . " .r : ~ ~ ..d.~ ~r A..~er. fi~. G.... w ' ' ~ ` ~ ~ = FILEO AND RECOROED ~ Q ~ ~ : ST. LUCIE COUNTY. FLA. Thl• InatrurrwM Pnpar~d By 4~ ~~~v_. T R~.CORn VERIFIEO Fint P~~I Savin~ b Loa~ A~wci~tion ? Qa -::~r 1~~ Pitru : ~v , - • : . , ; . : ` ".'~Q '88 SEP 6 ~!1 IO : 38 , ~~.f, . ~ ~ . ~ ~p~1~ ~OLERK C RCUI~ COURT~ ~ ` ~