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HomeMy WebLinkAbout2347 t . ~ . 3. To plac~ snd cootin~ously keep on ths buildirys oow or Mroafter ~itwt~ on iaid land ~nd on sll equipment ~nd p~rton~lly cove~ed by this mat9- +g~, with ~11 prtmiums Ihereon paid in fvll. fire insu~ant~ ie 1he ~sual standard po1Ky fo~m, in a sum approved by Ihe MORiGAGEE, and wi~dslorm inw~anc~ i~ the uswl itandard policy fam, in • wm ~pproved by tla MOR~GAGEE, ?n wth company or tompanies u the MORTGAGEE may d'u~Nl and ~II fin a~+d wi~dsromn insurance polic~es on any of iaid build~n~s, ~ny interfit therei~ o~ pa.t thereof, in tM iQgr~yaft sum aiOrtNid or In ~xctss thereof, shall contain the us~al sta~dud mortgage~ clause w such o~her clause ~s ths Nlatgagee may requue, makirg rhe los~ under said po1F ciy, tach ~nd ~very, payabk to said N10RIGAGEE as its interest may sppear, and e+ch a~d every svch poliq ~hall be promptly ~ss:g~ed and d~livered to sny h~ld by said MORTGAGEE u tu?ther security to said mortgage debt, and, not lesi than te~ (10) days in advance of the ~xpiratio~ of each policy, to dr IrvK to s+id MOR~CiAGEE a renewal the~eof, topether with s rece~pt fw the p~em;um of such renewal; and ~here ahsll be no f'ue or windi~orm i~+surance pl~d on sny of said buildir?ps, any inte~eit there~n w part the~eof, unfess in ihe form and with the loss payable as sfwesaid; u~d in tM event any sum of mon~y becoma payable u~de~ such policy or policies said MORTGAGEE shall have the option to receive and appty tAe same on accouN of the iRdsbted- ness secured hereby ar M pe~mit said MpRiGAGORS to rKeive and uss it w any part thereo( ta otncr pu~poses, wilhout th_.ebi waivi~y or ~mpair- inq any puity, li~n or ~iyh~ uade~ or by virtue of this mo:tyage; and in ~ha even~ u~d MORTGAGORS shalt for any reason fail to keep tl,e said p.emiset so iruvred. or fail b deliver prompily a~y of said polKies oF ins~rante to said MORTGAGEf, a fail promprly to pay fully any premivm therefor w in any respact fail b paform, discharge, ~xecute, effact, complete, comply with ar~d abide by this cove+»nt, or a~y part hereof, said MORTGAGEE may pl~ce ~nd pay fw suth imwanc~ ot ~ny part 1F?ereof without w+ivinp w affecting a~y option, iien, eqvity, or r~ght u~der or by virtut of this Mo+tQaQe, and tM full amovet of t+ch and ~wry such ~ eymenf shall be immediately due and payable and shall bes~ interest from the dats thereof u~til paid at the rate oi nine per cN?tum p~r ~nrwm and together with such intereat shali be secured by the lien of this mortgage. 1. To pamit, commit or wffer no waste, impairment a deteriorat;on of said property or ~~y pan thereof. 5. to psy all and sirg~lsr the costs, charpes and expenus, including s reasonsble attwney i fee and cosrs of abstrach of t;tls, incuned or p~id at any tirra by s+id MORTGAGfE, becauss a in the event of the failure o~ the part of the said MORTGAGOR to duty, p~ompNy and f~lly pe~fwrty diuhargq executs. ~ffect, compkt~, comply with and ab:de by each and every the st~pulai~ons, ag~eements, conditions, ~nd mvenants of said promissory note a~d thii mortgaps iMr w either, and said cosrs, charges and expenses, each and every, shsll be immediately due and payabte; whe~her a not there be notice d~ mand, sttempt to colled or suit pendings and the full amount of each and eve?y svch paymenl shall bear interest from the date the~eof u~til paid at tht rate of nine pe~ centum per annum; and all said costs, chargea and expenses incurred w paid, together wah such intereit, aha!! be secured by the lien of thu ^~oitpap~• 6. 71W1 (a) in the eveM of any breach of this Mortgage or defauU on the part of the MORTGAGOR, or (b) in the event any of ssid sums of money hereie referred ro be not promptly and fully paid within ~hirty (30) days ~ext afte? ~he same seve~ally become due and payable, withovt deroand p notite, or in ihe event each and every the stipulations, agreeme~n, conditions and tovenants of sa;d promissory note and th~s mortg~ge any or either are no1 ~uly, promptly and fully perfqrt~ad, dixha~ged, executed, etfected, compkted, complied with and abided by, then in e~ther or any such event ths said aQ gregate wm mentioned in said promissory note fhen remaioing vrtpa+d, with interest accrued, and all moneys secvred hereby, ihaU become due and pay- ; able fwthwith, O~ tFIQfNNN. at the option of said MORTGAGEE, as fvlly and completely as ii all of the said sums of money we~e originally stipulated to be paid on suth day, anything in said promissory nott or in this Mortgage to 1he contrary notwithstanding; and rhereupon or thereafrer at tF~e option of said MORTGAGEE, withoul notice w demand, suit at law w in eqvity, therefwe or thereafter begun, may be prosetuted as if all moneys secured hereby had matured pnor ro in instituian. 7. ihat in the event that at the begi~ning of w at any time pending any suit upon this Mo.tgage, or to fwettose it, w to refwm it, w to enforce payment of aey claims hereunder, said MORTGAGEE shall apply to the Court having jurisd~ction thereof for the appointment of a Receiver, such Court shall fathwith appoint a rettive? of said mortgaged prooeAy all and singular, inctudmg aIl a.~d singu~ar the income, proiits, iuuet and revenues Irom whatever source derivtrl, each and every of which, it being expreszfy understood, is hereby mo~tgaged as if spec~fically set fath and described in the g~anting and habendum clauses hereof, and such Receiver shall have aIl the broad and ef(ective funcnons and powers io anywise emrusted by a Cov?t 1o a Receiver, and :uch appointrtKnt shslt be made by such Court as an admitted equity a~ a matter of absolute r~ght to said MORTGAGEE, and wirhouf reference to ihe adequacy or Fewdeqvacy of the value of ti+e propery mortgaged or to the sowency o? insolvency ol said AM1ORTGAGOR a the defendants, a~d that such ~ents, profin, intome, ~ssues and revenves shall be applied by suth Receiver accwding to the lien w equity of said MORTGAGEE and the practite of such CouA. ; . i 8. To dvly, promptty and iully periorm, discha~ge, e~cecute, effect, comptete, compty wilh and abide by each and every the stipulatio~s, agrcements, ' conditpns and covenaots in said promissory note and this mortgage set forth. 9. ?hat in the event the ownership of the mortgaged premixs, w any part thereof, becomes vested in a pe~son other than the MORTGAGOR, the MORTGAGEE, in successo?s and auigns, may, wirhour norice to the 1NORTGAOR, deal with such sutcessos a successor in interest with reference to thia mortgage and the debt Fureby secured in the same manner as with Mortgagor without in a~y way vitiating ot discharging the Mortgagors' liability here- under a upon the debt hereby secured_ No sale of the Frem~ses hereby mortgaged and no fwbearance on the part of the AAORTGAGEE or its wctessors or suigns snd no extension of the time for the paymeM of the debt he~eby secured given by the MORTGAGE~ w its succeuots w auigrq, shall operate ro releas~, discharge, modify thange w affect the orig~nal liabil~ty of the MORTGAGOR Ixrein, either in whole or in part. 10. It is spec~fically agreed that time is of the essence of this contract and that no waiver of any obl~gation hercunder or of ths obligation se- cured hsreby shall at any time thereafte? be held ro be a waiver of the terms hereof or of the instrument secured herby. addition to the fwego:ru,~ monthly payments of princ'pal and interest required by the pr ' re y, gag r s and agrees to pay agee with each monthly payrnent an addirional sum estimated ee to be equal to 1/12 of the annual cost of the fol(ow- ing: A-AI! reat prope~ty taxes lev;ed or assessed aga~. e described real estata , B~-Premiums on fire and windstorm insu. s herein requ:red to c improveme~fs sit~ate on ttie above described premises, C-Premiums on such mort aranty ir.surar~ce as mortgagee shall from t~me to time deem on the loan setured hereby. Mwt9agee shall ~me to time not~fy mcrtgagor i~ writing o( the amount due and payable hereunder and su I therevpo~ be dve end payable on the ate of ihe ne:t monthly payment and each successive month !hereaft~r ur.til mortgagee shall notify mortgagw o n e in such = amount. sums sF~tl be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranfy y~ce ~ oms. ' ~ ' IN WITNESS WHEREOF, the ssid MORTGAGOR has he~eunto set his hand and seal the day a~d year fir a esaid ; Se~l nd deliv ed in the p~eser~ce of: # ' ' ~ • ~K ~~j ~-n ~ STATE OF FLORIDA ~ counm oF St. Lucie - defor~ me perwnally ~ppsered FI21I]kl].ri A. Harris a~ Valerie V. Harris his wife, to me well known snd known to rtre to bs the iMlividwb described in snd who executed the faegoiny instrument, and acknowtedged before me that they executed the same for the pwpous ? rhe.ein ezp.eued. ana rhe sa~d- Valeri e V Harric ' wtfe of tM said Frank~ ~ n A. HaIr1S vpon a separ~t~ and p'rvat~ ~ examin~Yan by me taken separate snd apart from her ssid husband, ackrwwledged to snd before me that ihe executed said irqtrument freely and volwr urily and without a~y compulsion, constraint, apprehens;on feu of w irom her ~id Fwsb6nd. WfTNESS my Mnd and offici~l seai this /t~ ~ day of ~ruaz p. ~q 69 S Notary pu in ind tor the Stst~ of Fbrida d lary~ Return To: My Com ion expires: ~ ~ /y'~/ y firtt fldtrN $avinqs 3 Loan Association .~:Lu.r:~,,. N,ta~, Prb&, stsie or Aorid~ n taA. Of fort PieKe. t~ ~~'t fort Pierce. Fforida ~•`Cr . ~~O~sf~pU~~ AY~. 6~ q ~ v: ' ~ ~ M~M1lydri~~~ta~it~ ; v • ~ FILED AND RECORO~EL~ 1 j Thit Instrument Prepared By ; C? IUCIE COUNTY. p . ~ First Federal Savings 6 Loan Assotiefioq'~ p' ^nR~ ~J= RlFICO ~ of Fort Pierce ;2- Q ~ 0?~"'''~ ~ , S ch~~a By Jonn w. _coii~ns fU '69 FEB 14 AH 10 : 0 .,T~, , ~„i . 1~74'784 ~ ~ ~ ~~oK 175 ~~f2343 - ~RK CIRCUIT CO RT ~ ~~Y ~ ; - ~ ~~-.~a_.~ , { v~~