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HomeMy WebLinkAbout2722 . - . ~ To ptac. and conrtnuously k..p oo ~h~ buudinps now a Mr.ah.? ~truan on aW laod snd on alt purpm~n~ ~nd p~no~ally covN~d by fAis mortp~ ~p~, with ~II pr~mtwns thKwn paid ie full, fin Guw~nu H+ th~ uswl aanda~d pol;cy form. In • tun+ ~pprowd by tM MORiGAGEE, ~nd windstorn? tnswaon in tM uswl sundard poliq fam, in • wm ~pprov~d by ~h~ MORTC,AGEE. io wch comp~+y or compan~a a tM MORiGAGEE may dUMj u+d all firi ~nd wi~xbtorm iniwaoa~ polki~s on ~ny of Nld bH1ldi+l0a, M~/ It1fNN! iMfH11 OI P1/1 fMftOl, ln Ihe p~repat~ swn afor~said or 1n ~xcys therwf, sl~all cont~in tM vswl standard mo~r~9apN claus~ or such ahu claus~ ~s tM Mortp~ fMy ffqV~f~, m+kinp tM bss undM s+id poli~ ciH. e~ch Md ~very. paYabi~~ w said MORTGAGEE as ib i~tKe~t m~y ~pwar. and ~ach a~d tvery such policy sAsll bs promprty au:yn~d and d~liwr~d to ~ny Mtd by s~id N10RTGAGEE as (u?thtr s~tvrity to ~id matpap~ d~bt, +nd, ~w 4u tMo ten (10) d~ys in sdvance of th~ expkatioo of ~~ch policy, to dF IivN to ~aW MORTGAGEE • r~nswal tMrwi, topNF?K with • ncsipt fo? tM pnmivm of wch fMfwilj ar+d ther~ shall bs eq fk~ or winds~am inwru+c~ plapd on ~ny of wid boildirps. ~ny ioterpt tM~~in w p~n thr?eof, vnleu in tM iwm fnd wi~h tM bss p~yabl~ u atassaidl aod in ~I» ~wnt any svm of momy becorM~ payabl~ unJu wch policy o~ poliws s~id MORTGAGEE sMll iuw ths pption to receive ~nd •~iy si+. .am. on acca,~~ or ~M ~ndebted~ Mss sec~nd FNreby w b p~tmit ssid MORTGAGORS to repiw and ui~ It w a~y part thereof fa other purposes, witFavt tha.ebl waivi~~ or impair- irg ae~y p~ity, ~lien or ripht w~de~ or by vLtw of tbis morlp~y~j and in th~ ~vent said MORTGAGORS shall fa ~ey rsason bil to kHp tM qid pnmiset so insured, or fail b deliv~r pranptly u?y of said policies of i+?sw~nu to s~~.: MORTGAGEE, a fail promptly to p~y futly ~ny premium ther~fw o~ i~ any rasp~ct fail b pKforM, discha~~, •xacuts, ~ff.et, compl~t~, compty with and abid~ by this covenant, a ~ny part he~eof, said MORTGAGEE m~y pl~n ~nd paY fw wch irowana or any put tMr~of withovt walvtrp a~ff~ctGp ~ny op~ion, li~n, pvity, a~i~ht under a by vi.tw of thii Mo?~~sye. ~nd the full s~nouot of tacfi and twry wch paym~M shall b~ immediat~ly dw ~nd pay~bl~ and shalt bear interest from ~h~ date thereof untel paid at ttN r~» oi nine pK ce~rum pK uvwm and togethtr wifb s~ch inte?est sh~ll bs secured by tM lie~ of this matyage. 4. To p~rmi~, comndt or wff~ no wut~, k~akm~nt w deterioratan of srW property w any put thereof. S. To pay all ~nd dnpufa? ths costs, ch~rp~s snd ~xp~na~~, includinp a ~essonabk atto?ney's fee and c~sts of abstncts of title, incurred or paid d eny tuns by s+id MORTGAGEE, because or i~ t1w ~wnt of tM failwe ore Ihs p~..-! of tM said MORTGAGOR to duly, prompNy and fully perfam„ diichary~, exec~b, ~thct, oomplete comply with ~nd abid~ by ~ach u+d every the stipuluions, ~y~eements, conditions, and covcnann of said promissory note and ~his mortgp~ ~ny or eiths~. ~nd said cwn, cMr~es and ~xpanses. e~ch and wery, s~•11 bs immediately due and payable: whe~her or not there bs norice ds m~nd, attempt ro colkct w wit p~ndlrg: and tht full arnovnt of each and wery wcA paymem shatl bear interest from the date tMreof uotil p~id at tM rete of nine per centvm psr amium; aod all said cwts, cMr~s snd expa~sei incurred a paid, togelher with suth int~rrsl, shalf b~ secwed by th~ lia~ of thit ~«ro~ 6. TMt in ths event of any breach o~ lhis Mortyaye ot defwlt on tM psrl of ths MORTGAGOR, o? (b) in tF~s event any of sa~d ~ms of mon~y herein referred to be not promptly and fully paid within thirty (30) days next ss~er the same severally becoms due and payabte, without d~mand a notics, or (cy in the event each and every the stipulations, agr~eenenn, conditioi?s ~nd covena~n of sa~d promissory note and th~s mwtpaye a~y a aither an no1 ~uy. promptly and fvlty perfo~med, d~xMsrged, sxecurod, effected, compktad, complied with and abided by, thee in e7ther or ~ny such ewnt tM said aQ~ gregst~ wm menYaned in said promissory note then rsmsi~inp unpaid, with interest acaued, and all moneys secvred hereby, sMll beoome dw and pay~ able fathwith, or thereafte?. ~t the option of said MORTGAGEE, as fully and completely u if ~II of the said sums of mooey were pigin~lly st~p~t~ted to be paid a+ s~?ch day, anything i~ said promissory note or i~ tha Mortga9e to the contrsry notwithstsnding; and thereupw~ w thercafter ~t tM optia? of said MORTGAGEE, without notice w dem~nd, wit at law a in puity, tFKrefore w thereaflrr beg~~, may be prosecuted ~s if ~11 moneys secvred hareby had matwed prew to ;n Fiafitution. 7. Thst in the event tMt at tha beginniny of w at ~ny tun~ pendir.g sny wit upon this Mwtgsge, a ta foreclQse it. or to roform it, o? to enfwp payment of any claims haeunder, s~id NWRTGAGEE sMll ~pply to the Cou?t Mving jvrisdKtion thereof for the appointmenf of a Receiver, such Court shall forthwith eppanl a ~eceiver of said matyaged poperty sll and singul~r, includ~ng all and singular the income, profits, issues +nd reven~?es from whal~ver tource derived, each and every/ of which, it beirg exp?essly understood, ii hereby mortgaged as if specifically set forth and dewibed in the ~ranting ~nd habendum clauses hereof, and such Receiver shail have ~11 the broad and effective funct+on~ and powcn in anywise entrvsted by a Cowt to • Receivp, and such appoi~tment sha11 be made by wch Court as sn admitted eq~ity a~d a m.:ter of absolute right ro said MORTGAGEE, ~nd without ~eference to ths adeq~xy w insJeqvacy of the v~lue of the property mortgaged or to the wherxy w~nsotvency of ~id MORTGAGOR or the defendana, and that such renrs, profin. income, iuues and ~evenves sha11 bs applied by such Receiver according to tha lien ot equity of said MORTGAGEE and the prsttiu of such CouA. . 8. To duly, promptly and fully perform, di~chsrge, execvte, effect, cwnplete, comply with and ~bide by eath and every tM stipulations, aprsements, conditions ~nd covensnn in said promessory rata and tha mortgsge set fwth. 9. That 7n the event the ownership of the mortg+ged prcmises, a any part thereof, becomes vested in. s person other lhan the MORTGAGOR, th~ MORT(3AGEE, its successots and suigns, may, withoul notite to the MORTGAOR, deal with suth succeasot tir'successot in int~rest with referente fo this mortgs~e and the debl hereby secured in the same manner as with 1Nortgagor without in any way vitiatiny or discharging the Mortgsgors' liability hert- und~? w ~pon the debt hereby aecured. No sale of the prem~ses hereby mortgaged and no fwbearance on the pan of the MORTGAGEE w its successors w suigns and no exrension of the time fw the paymeM of the debt hereby secu~ed 9iven by the N40RTGAGEf or its succeswrs or aulg~a, shal! operats ro relesse, d;scharge, modify chsnge or affect the wigina) liabiliry of the MORTGAGOR herein, either in whole w Fn part, 10. It is specifically agreed that time is of the essence of this contrad and that no waiver of any oblgatron hereunder w of ths obliyation ss- cvred hereby shall at any time thereafter be held to be ~ waiver of the terms hereof or of the instrument iecured herby. 1 In additio~ to the faego;ng monthly paymems of princ'pat and interest required by the promiuory note secured he~eby, mortigs o w1~ and ag~ees t mortgagee with each monthly payment ao additio~al sum estimated by mortgagee to be eq~al to 1/12 of th ost of the fol{ow- ing: A-All resl prope?ty ta:es levi ainsf the above described resl eatate. B-P?emiums on fire and windstorm insurance as herein req or? the imp~ovements situate on the above desuibed {xemises, C-Premiums on such mortgage guaranty ins~ra~~c sgee shsll from h eem fit to csrry on the loan secured h~reby, Mwtgagee shall from time to ti mortgagor in writing of the amoum due and payabk hereu h wm shaU theroupon be d~e ~nd payable on the due date of monthly paymeM and each successive month thereafter urtil mo?tgagee shall noti of a charye in s~ch . amount. S~rch_~Law , applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage gua rsnce pt~wirw~s~ IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto set his harod and sea! the day and year fint iforesaid. Sipr~ed, Sesled and delivered in tM prese+~ca of: n n ~ - n n SiA7E OF FLORIDA ~ cauNnr oF - St . Lucie ~ e.to.e ~ P...o~++iW .~....a Charles L. Bell , a sinqle adult . and Inez Bell , a sinqle ad ~l~t , Franklin A_._Harris and Valerie V. Harris h;, w;f~, fo ~ r„~n k„o~,~,,,,~a k„o~, ro ro the individwls described in a~d who ~:ecvt~d the forepoirg instrvment, and acknowled~ad befws me that they exawted the same fw the purposes rhe.eM .xp.es,~d. a,d d,...~d Valerie V. Harris wifs or ~h. s~~d Franklin A. Harris oPw, ,,.p..ar..nd p~sti exam~nat~on by me rsken sepa~ate and apart fro.n her said husb+nd, acknowledyed to and befon m~ th~t she executed s~id instrumem fce~ly and volw~- rarily and w~thout any compubion, constr~int. ~ppreiwns~ w ha of or from her said hvsband. WITNESS my hwid and official seal *ti:~ T9-. day ef Y1.1 A, p. 19 69 Noary P ic In and fw th~ at~ of florid~ ~t (xy~ Rerum Ta. MY ~ ion eapires: 9~/ n~~~ fint F.d«,~ s.rirgs a lor? As.«;.t~w, Ndary P+~ic. StNe oi Haida at lal~ Of Fort Pferce. ~~~ti,~: rn.~ P~.~.. Fi«~d, t:~ • ~ CNOaiosio~ ~E~ira A~q. 6, f91f . h.r«r4A•.~NErwtv~Sar \ , . i - ~ .ti . ~"..~«~o Aaa ~~c~,~o~o This Instrument Prepared By - r ' ~ : ~ ~.ltCtE'CO ~ Y, ~LA. First Federal Savings d~ loan Association : ~ • 1 ~ - r ~ ~l~ c~ ~ ~ of Fort Pierte ' ' Q~ ~v . ~~Z,'„6 : Checked By John w. coii~ns ~=-v,;~~- QpR 2I I~NI I I: 2 t . ~ ~ c, 0 1~~i.~~" ~i ~I()"~~ ; ao~C 176 ~~Z7i9 ~ R~ ~au~t F;~ r ~~{y~ 2-s ~ _ V` ~ { ~ R ~y~ _ . r ,