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HomeMy WebLinkAbout1356 } ~ ~ ' 3 ~ e t • ~ ~ a. To plaa and coefinuo~~ly kNp on fM buildGp~ now w MtNhN fiA»N on saW I~?d and on ~II pvipm~M u~d pa~onaily tovtr~d by thb n?afp~ 'f ~p~, with all prNr?iunu ~hsrwn p~id in full, firo Gau~ann in tM uswl uandud policy form, in a ~um approwd by tM MORTGAGFE, ~nd windatorm t inswana in tM ~wal tbnda.d pol~cy ia++'~ k~ a swn ~pprowd by tM MORTGAGEE. in such company or companiq the AhORTGAGEE m~y i dintt~ and ~II fir~ and winditam inswanc~ polkih on any ot ~id buildiap~. ~ny inMrKt thKein w put thsr~of, in ~M ~~eya~ swn afoneqid or i In ~xc~as tMnof. sMll conuin fM uival ~tandard matyapN cl~vs~ a iuch otha clws~ u the Mortp+pN may rp~K~. makinp th~ bss u~+dK said polF ~ ciss. NcA and ~vKy. paYsbl~ to s~id MORTGAGEE as ib intKeat mar ~pp~u. and ~ach u~d ~very iuch policy shall b~ p~omptly ut:9n~~ ~nd delivKed to +ny Mld by saW MORTGAGEE as funhK setv~lty to said matpsp~ debb u+d, no~ I~ss th~n ten (t0) d~ys io .dvance of ?h~ expl~ation of each policy, to d~- liver to said MpRTGAGEE • r~newa! tlw~wi, rop*th~r with a nceipt fw ths p~mium of such renewal; a~x! there shall be no fi~s w wi~torm inswanc~ pl~o~d on My of said bviWinps, ~ny inter~st thereie or p~n tln~eof, unleu in tM fwm a~d wi~h tM loss pay~bk u~fu~iaids s++d L+ the ~vent ~ey wen of moesy becomes payabt~ vod~r wch polky w policies uid MORTGAGEE shall Aaw tM option to receive ~nd •pply ths san+s on accovo~ of tM ind~Ered~ ness setwed Mteby w to ptrmil said MORTGAGORS ro receiw ud us~ il or aoy pa~t thereof for other purposes, wi~hout tba?eb/ waiviny a impiia inp ~ny puity, lie~ or riphl unda w by virtw of this mpttyay~f u~d tn tM ~vtnt said MORTGAGORS :hall fw sny reaion faU to keep ths said pr~misei w , insured, a fai) b d~liver promptly any oi said policies of inswana to s~3d JNORTGAGEE, ot fail promptly ro pay fully any premium therefw or ie ~ny r~ipsct fail b pafwn~, dixMr~, execut~, ~ff~tt, compltt~. oomply with ~e+d abid~ by this covenant, or ~ny part lwreof, iaid MORTGAGEE may plaee and pay fa s~ch inwrano~ or ~ny paH fherwf without wslvinp a~ff~ctFnQ any optiory lien, eqvity, w riyh~ unde~ w by virtw of Ihit Mwtpaqt, ~nd the tulf ~mo~et of tach and swry suth payment s'}?all b~ imm~diately due u?d psyable ar+d ahall bea~ interest irom ths dats thereof uroil paid at ths raN ot nir?e p~r c~ntwn per aenum ~nd topether wi~h such iroe~est shatt b~ secured by th~ liee of this mwtqaye. 1. To p~tmit, tnmmit ar wffar no wufe, impairment ar deteriontion of saW prop~aty a~ny put thereof. S. To pay all and sirgutar the ewn, chary~a and expe.nes, includinp a reaswubk attorney's fee and cosq of aMtracn of titla, incvned or paid at any time by aid MORTGAGEE, because or in the ~wnt of tht failwe o~ the p+?t of Ihe said MORTGAGOR to d~ly. promptly and futly perfor~, d~xhs~yR ( execut~, etfect, campkt~, comply with and ab;d~ by ~ad~ and every the stipulations, sgreements, conditiau, and cove~anb of said promi:sory note ~nd ~his i matpape any or atMr. ~nd said cosls, chu~es and ~xpensa. ~ach and every. sMll be immediatcly due ind payable; whether or not ther~ be notic~ da mand, attempt to colktt or wit pentlinpt and th~ f~fl amount of ~ach u~d every wch p~yment sMll bear imerest (rom the date thereof until p~id ~t the rate ot nine per tentum per annum; and aN said cosn, chu~es and expenses intwred or paid, togtther with tuth interest, ahall bs sec~red by tM lien of thw morty~p~. 6. Th~t (a) in the sveM of ~ny breach of this Mortya~ or defsult on tM pat of the MORTGAGOR, or (b) in the evern any of sa~d wms of ma~ey herein refened ro be not promptly ae~d f~Uy paid within th7rty {30) days next after ~he same severstly f+ecome due and payable, without demand or notice, or in the event e~ch and every ti+~ stip~btio~s, sgraanents, conditia?s snd coven+nts of sa~d promisswy note and this morlQsya any or ei~h~r are na i~ly, promptly snd fvuY perfum~d, d'~scharqed, execvted, eifedad, compkted. tanpl~ed with and abided by. then in either ar a~y wch swnt tFM iaid a¢ greqatt wm mentioned In said promiuory note then remair~inp v~paid, with inte~est acuued, a~d all mor?eys setvrod hereby, shall become dw aod p~y~ able fwthwith, a thereafter, at ths option of aaid MORiGAGEE, u fully and completely as if all of the said sums of money were oripin~lty stipulated ro be paid o~ such day, anythirg in sa,d promiuory note or In this MwtpaQe to tMe contrary notwithstsnding; and there~pon a the~cafler a~ ~M optan of snid MORTGAGEE, without notice w- demand, suit at law or in equity, thcrefore a thereaher begun, may be prosecuted ai if ~II eaeeys Kcured hereby had matwtd priw to iri institvtion. 7. Thst in ths event tMt at the beginning of or ~f a~y tim~ pe~ng sny svit vpon this Mortgsge, a to faeclose it, w to roform it, w 1o enforp payment of any da~ms hereunder, said MORTGAGEE shall apply ro tl+e ~ourt having jurisdK~ion ~hereof iw fhe appo~ntment of ~ Receiver, ~uch Carrt shail forthwith ~ppoiM a receivtr of said mortg~yed property ~II ~nd singular, inctud,ng alf and singutsr the income, proFits, issues and revanues irom whatwer sourte detived. each snd evcry of which, it bei~y expressly ~ndera~ood. is F+ereby mortgaged as if speuiicafly aet fath and described i~ the yramirg ~nd habend~m da~ses hereof, sn~! tuch Receiver shall Mve all the boad and effective firnct~ons end powers i~ anywix emrusted by a Court to a Receiver, ~nd such appointment sl~alt be made by wch Court as a~ dmitted eqvity a+w! a n»tter of absolute rigM ro said MORTGAGEE, ~nd without reference to the adeqvacy a inadequacy of 1he wlus of the property matgaged o~ 1o the soNency or insolvency of seid MpRTGAGOR p the defendams, and thal auch ~ renn, profin, income. issues and nve~ues shall be applied by wch Receiver accwding to the tien w equity of ssid MQRTGAGfE and tF+e prxtice of wch Court. 8. To duly, promplty and fullp perform, d'ischarge, execute, effect, compkte, comply with and abids by each and every the stipulations, agreements, ~ conditwns and covenants in said promissory ewte a~d this mortgsge set f«th. 9. That in the eveM the ownenhip of the mortgaqed premises. w any part thereof, 6eewnes vested in a penon othe? than the MORiGAGOR, ths MIORTGAGEE, in successors and assigns, rrwy, withaut notice to the MORTGAOR, deal wilh such s~ccessor or wccessor in interest with reference to this mortgage ~nd the debt hercby secured ia the same ~Aahr?~r as with Mortgagor witFaut io e~y way vitiatin9 a dischsrging tF?e Mortgagors' liability hera under or ~pon 1he debt hereby secured. No sale e;`the premises hereby mortgaged and no forbearance o~ the part of the MORTGAGEE or its successon or auigns and no extension of the time fw the paymem of the debt hereby secured given by Il+e MORTGAGEf or it: successors or usigns, a!?all oparate to releue, diuharge, modify ch~nge w affect the originai liabilify of the MQRTGAGOR IKrein, either in whok a in part. 10. It is apecifically agreed thst time is of the cssenoe of this to~tract and ti~at no waiver of any obligation hereunder a of the obligation sa- cured hereby shall at aoy time ther~after be held 1o be a waiver of the terms hereof a of the instrwneM secvred herby. 1. ' ia~ to the faego:ng nwnthly payments of prinCpal and interest required by the promissory note secured hereby, morigsgw covenants and agrees to pay to mor " h each monthly payment an sdd~rional swn est~mated b mort to be Y 9a9~-' cqw~! b 1/ 12 of t ing: A-All real property faxes kvied or assesud agai+ist t ibed r . B-Premiums on fire and windstorm insurance as hcrein r tar the improvements sittrate on the above desuibed premises. C-P~emiums on'such mortgage guaran as mortgsgee shall from time ro time ' o carry on tfie bar+ secured he~eby. ~ Nlortgagee shalt frorre ~i no~ify mortgagor in writing of the amount due and paysbk hereunder a wm shall thereupon be due and i payable on the d the next monthly paymeM and each sutcessive month thereafter ur.til mortgagee shall notify mo of a thange in suth amount. wms ahall be apptied by mortgagee toward the payment of reaf property taxes, insurance p?em:ums, and mort • 8~ 9 insurance N WITNESS WHEREOF, tbe said MORTGAGOR has herevnto set his hand and seal the day s year fint af . pned, Se d and d 1' d in the presence of: ~ c.t.~Z.L~: ~-~.~a . - ~-n STATE OF FLOR{DA ~ 1 C4UN7Y OF - St • L.L1C~@ ~ Bsfore me penonslly sppeared _ Fzatfkl~n A NaYl'~s V Iel~ V. ai'Z; g ha wife, ro me welt known and known ro me ro be rhe individwb described i~ u+d who execvted ths fwepoirg instrwnent and acknowledged before me thst they e:ecuted the same fw the pvrposes ~?x?~;~ :~.~d, a~a tr~ Valerie V. Harris wife of tM said Franklin A. Harris vpcn ~ sep~rate ~nd priv~t~ ezsrri~naYan by me taken sepa~ate and spart from her ~aid hiqbar+d, atkrawtedged to and befwe mt that she executed said instrument ireely and votwr ?arily and witlavt arryr con+pulsion, const~aint, apprehensio~ feu of w from her s~id hwbsnd. WITNESS my hsnd ard official seal th~_ q'y d~y of ~u~ A. D. 19 6~ • Notary P ~c in and tor t State o~ Fbrida at Lupe Return Ta. . MY ~ss~ e~es: 6~ / q 7/ Flrat Feder~l S~vinys d. toan /lssoci~tion w: , f Of Fort Pierea _ pfN1e;J NOUry ~K. SV~! Of ~I~i it ~Yq! t • ~ 6 ~n } iort P3erce, Fbrids ' ~ - ' ' ~~r' . , i~- iMM/~~~~~G~I~1!~f . _ . ~ ~tLEO AND RECORDED - ~ : " ~ ~ " ST. LUC+E COUNTY, FLA. ~ This Instrument Prepared 8y ~ -1 ' " f~E:~n~~ VE~fFI 0 First Federal Savings ~ Loan Association " , ~;3 . ~ ~ .1~4~_•,~a,~, • of Fort Pierce r~~' ? nv et,~ed sy ~o~ w_ coii~g ~ '69 24 ~.M I I: 5 , ~ - ~:~::...,,i~~ . p R ~ E .~~OITR~S _ ~Q~K175 ~f~.353 ~ CLERK CIRCUIT COURT . ~ ~ ~ : . ~ . ' ~ ,R1~p,~~~. _i~:= R ~F 1 .3< ~ . _ ~~+.4~.f .~~"~~cY~ r _ 9