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Home My WebLink About1880 ~ i i . t ~ ~ ~ ~ To pl~ce and conti~~ouily keep on ths buitdiaps ~ow or here~ftsr utuate on said land snd on ~II equipme~t +nd personslly covtred by this enort¢ ~g~, with ~II premiums tk;reon pa~d in full, fire insurance in the usual sundard policy fum, in a sum approved by the MORiGAGEE, aod wir?dstam insvrance i~ tM usual s~a~dard pol~q tam. in a ium ~pproved by ths MORTGAGEE, in ~uch comp~ny u companies ~s tM MORTGAGEE m+y dinclt end all iirs and windstorm inwranp policies on ~~y o! faid bvildinys. +~y iroe~est thmein or part Ihereoi, in fhe agyregat~ sum afaesaid or In excess the~eof, sh~l1 contai~ the uswl it~ndard mortga9ee clsuis w s~ch otha clauss as ~hs Mortyages may ~equ~ro. maki~+p ~hs lou unae~ sa~d polF ciei, each and every, paysble ~o said MORTGAGEE aa its inte~est may appear, and each and every tuch policy shall be promptlY +u ~ned and delivered to any held by said MORTGAGEE as iurther sec~rity to said mortgage debt, and, nol less lhan ten (10) days in advanca oi the expirstion of each polity, to da liver to said MORTGAGEE a?enewal rhereof, topNher with a ~ece~pt fa the premium o1 such ~enewal; and ~here shall be no fire w windilorm insurance pl~ced on +ny of said buildings, any intctesl thereio or part the~eof, unless in the fam and wi~h the loss payable as atoresaid; a~d in the event any sum of money becomes payaE!e unde+ avch poliq or policies said MORTGAG~E shall have the option to receive and app:y 1F?e same on account of 1he indebted- nes3 setv~ed hetcby w W permit iaid 1NORiGAGORS fo receive and us~ it W any patt thereof fot oihcr purposes, wi~ho~t thareo~ waivi~?g o~ ~mpair- ing any eq~ity, lien or righl under a by vi?tve of this mosl9age; and i~ the event said MORTGAGORS shall fw any reason iail to keep the said {xemise~ so insured, or fail to deliver p~omptly s~y of iaid polKies of insurance to said MORTGAGEE, a fail promptly to pay fully any premium the~efa w in ~ny re~ped fall ro perfam, diuharge, e~eecute, efiecl, complete, comply with u~d abids by thi: covenant, a any pa~t hereof, said MORTGAGEE may plsc~ +nd paY for such inw~a~?te ot any part thereof without waivinp or aifecting any option. lien, equity, or right under w by virtw of this Mwtgage. ~nd tht full amo~rM of each and every such paymenf shall be immcdiately due and payabk u~d shall bear interest from the date lhereoF unlil paid at the rab ol nioe pa cirntum per annum ~nd to~ether with such interest shall be secured by the lien of this mortgage. 1. To permit, commif w sutfer no waste, impairmenf or deterioration of ssid property or any part thereof. S. Ip pay all and singulu the costs, charges and expenses, including a reasonable attorney i fee and costs of abstratls of title, incurred or paid at any time by said MORiGAGEE, btcause w in the event of the ~ail~re on the part of the said MORTGAGOR ~o duly, promptly and f~lly per(wm, d~tthar94 ezecute, effett, complete, comply with and abide by each and every the stipvla~ions, agreements, conditions, and covenants of said promissory note and this mortgage any w eithe~, and said costs, cMrges and expenses, each and every, shall be immediately due and psyable; whether or not there be notice do- mand, attempt to tollett w suit pending; and the (ull amount of each and every s~ch payment shall bea? interest irom Ihe date thereof unril paid at the rate of nine per centum pr: annum; and all said costs, charges and expenses incurred a paid, togelhet w~th such inte~est, shall be sKUred by ths lien of tha mortysge. Q That (a) in the event of a~y bresch of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of said sums of money herein referred to be not promptly and fully paid wi~hin thirty (30) days nexl after the same severafly lecome due and payable, without demand or notice, or (c) in the event each and every the stipulations, sgreements, conditions snd covenants of sa:d promiswry note a~d th~s mortgage any or either are nol ~uly, promptly a-~d fully perfwmed, d~scharged, executed, eifected, completed, complied wi~h and abided 'ay, then in either o~ any such event the said a¢ gregate wm mentioned in 3aid promisswy note then remaining unpaid, with interest accrued, and all moneys secured Fiereby, shall betome due and pay- able fwthwith, or thereafter, at the option of sai~ MORTGAGEE, as fully and compkte~y as if all of the said sums of money were originally st~pulated to be paid on such day, anythirg in sald promissory note or in this Mortgage to the contrary notwithstanding; and thereupon or thereaite~ at the option of said MORTGAGEE, without notice or dema~d, suit at law or in equity, lhereEore or fhereafter beg~n, may be prosetuted as if all ma?eys setured hereby had matured pnw ro in institution. 7. That in the event that at the beginning of or at any time pending any s~it vpon this Mortgage, or to fweclose it, w to reform it, a to enforce payrrKnf of any clai~ns Ae?eunder, said MORTGAGEE shall apply to the Cou?1 having jurisd:c~io~ thereof for the appointment of a Reteive~, s~th CouA shall fwthwith appoint a receiver of said mortgaged prooerty all and singular, includ~ng all and singular the income, p~ofits, issues and revenues from whatever seurce derived, each and every of which, it being expressly unders~ood, is hereby mo:tgaged as if specifically set iwth and described in Ihe granting and haberKlum clauus hereef, and such Receiver shall have aIl tht broad and effective funct~ons and powers in anywise entrusted by a Court to a Receiver, and such appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without re(ererxe to fhe adequaty or inadequacy of the value of the property mortgaged or to the sowe~ty or insolvency of said MORiGAGOR a the defendants, and that suth renrs, profits, income, issues and revenues shall be applied by such Receiver according to the lien or eqvity of said MORTGAGEE and the practice of such Court. 8. To duly, promptty and fully perfwm, discharge, execute, effect, complete, comply with and ab~de by each and every 11x stipulations, agreemmb, conditions ard covenants in said promissory note and ~his mortgage set forth_ 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vesfed in a person othet thsn the MORTGAGOR, the MORTGAGEE, its successws and asi~gns, may, without notice to the MORTGAOR, deal with such successor a successor in interest with reference to this morlgage and tAe debl hereby secured in the same manner as with Mortgagor without in a~Sy way vitiating or diuhargiry the Mortgagors' liabiiity htre- under w vpon ~he debt hereby secured_ No sale o~ the premises hereby rtw~tgaged and no forbearance on the part of the MORTGAGEE w its suctesso?s or assig~s and no extension of the time fw the payment of the debt hereby secured given by the AM1ORTGAGE~ or its successors a auigns, ahall operate to release, d~uharge, modify change or affect the origioal liab~lity of the MORTGAGOR herein, either in whole or in part. 10. It is specificatly agreed that time is of the essence of this contract and that no waiver of any obligat~on hereunder or of the obligatan sr cured hereby shall at any time thereafte? be held to be s waiver of the terms hereof a of the instrument secured he~by. n add~t~on to the forego:ng monthly paym~nts of princ'pal and interest required by the promissory note secured hereby, mortgagor cov nts and agrees to pa • a ee v.~ith each monthly payr~nt an add~~anal sum estiniated b~ mortgagee to be equal to 1/12 of the annual cost follow- ing: ~ A-All real property taxes levied a assess the above dexribed real estate_ B-Premiu~ns on iire arul windstorm insurance as here~n requ.r t improvements situate on the above described premises. ' C-P~emiums o~ such mortgage guaranty insurar r gagee shall from rtm deem fit to tarry on the loan secured F~ereby. Mortgagee shail frcm time to ' i y mortgagor in writing of the amount due and payabie de and such sum shall thereupon be due and Fayable on the due d e ~e:t monthly payment and each successive month thereafter ur,til mortgagee sha ortgagor of a change i~ such f amount. ms sh.aii be applied by morigagee toward the payment of real property taxes, insurante prem:ums, a~xl mor aranty insutance ~ wms. [ ~ IN WITNESS WHEREOF. the said MORTGAGOR has hereunto set his hand and seal the day and year firsl aforesaid. ~ ' ned, Se ed and red in the presence of: . / - ~ - . ~ { ' Q~ ° i S TE GF FLORIDA ~ ~ ~ coun?rr oF St. Lucie Fred i.. trlilliams and Lovie J. Williams his wife a~ ~ Before me personally appeared t ~ j Franklin A. Harris and Valerie V. Harris, his wife, to me well known ar+d known to me to bs the individwls described in and who executed the fwegoing instrument, and acknowledged befwe me that they executed the same for the purposes thertin e~~d. a,d rt,~ ~~d ~s';" J Williams ~ nvife of the said Fred L. cvilli~s ~ nd i ~~fi~~y Valerie V Harris? wife of the aaid Fr kl n A. ~rria_; „po„ a sepuafe se~d privats ~ ~ examination by me taken sepsrate and apart from~~said husband$sdcnowl~ ed• to and befwe me thatthe~/executed uid instrument.freely and volun- ~ tarily and without any compulsion, ca~strsint, appreF~`ens~ o? fear of w fr ~Yaid husband3~ WITNESS my hand and official scal this z day of Rebruar A. D. 19 62. ~ x. ~ _ Notary Pub in and for the State of fbrids at Lupe My Comm' ion expires: ~ ~ ~9, Return To: Firsf Federal Savings a los~ Associatwn ~ f ~ ~ f., Of Fort Pierce. • ` ' ~ ~ t ~~tMy ~iJ~~, s~t! 0~ ~Ofldi ~t ~ ,e•~ Fort P~erce. Flwida . . : . 11~ ~OM~KSqb 6, l~n ' ' y ~wae b Asi`~ Br ~ tw1~c f~ .,i, F1LE0 AND RECOROED' ~ ~ -i ~ ST. WCIE COUNTY. FL/t. ~ - - - - ~ ~ This Instrument Prepared By - ~ d t~. ~nRf? VERIF!FD ; ~ First Federal Savings 8~ Loan Association = ;s ' ' of Fort Pierce "~y Q _ i ~ - ~ -~r_"J' + 5 AM I I : ~8 i cr,~~a BY .ro~ w, coii~s s9 fEB 1'74500 . 800K~~V ~Gti~S 1~ CLERK•~ RCUIT COURT . ~ ~ - - : - ~ - ' ~_u~.,~ z._ ~n~ . -