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HomeMy WebLinkAbout0552 ? a . ~ . ~ w ~ . To plau ~nd continuousiy ke~p oo tA~ buildinps now o~ F+er~aftN uw+t~ oe s~~il lu~d u+d on all equipm~~t u+d perwn+lly covK~d by this map~ . ~g~, with all prem~vms ~heroon pa~d in full, iire insuranc~ i~ the uaval ata~dard poli;y :rm, in a ium approved by tM MORiGAGEE, and wie+dttorm inswu?c~ in tM vsual s~andard pol~cy tam, in a ~um ~pproved by the MORTGAGEE, in wch company or comP+~~es u~M AM1ORTGAGEE m+y di~ettt ~nd all fire and wi~dstorm insurants polk~es o~ +ny of said buiWiny~, ~ny interest tlxrein w p~?1 therwf, in iM ay~re~+te svm ~forts+id o? In ~xcrss tAerwf, shall contain ~he ~svsl sundud ma~g+~N clau~~ a such otha ctaus~ as tM AAatp~yae m+y requ'a~. makinp tM Ioss vndK a~d po~G cie~, ~ach and ~very, payabls ro said MORTGAGEE as ib intercit may appear. and each as+d every such poticy ~hall be promptly ass ~ned ~~d de~ivt«d to ~ny Mld by said MORTGAGEE as ~urther security to said matya9e tkbt, snd, not leu th+n ten (10) days io advance of the ~xpi.ation of t+th policy, ro dr liver to said MORiGAGEE a renewal ~h~reof, topetMr wi~h s receipt fw the premium of wch re~ewal; and ~hen shall be .~u fire w winditam inw~~~t~ plapd on u+y of said buildirgi, any intereit therein ar part thereof, untes~ io the fo?m and wi~h ths loss payable as aioresaid; ~~+d in th~ evaM ~ny swn of moewy becomes payable w~der such poli.y w polici~s iaid MORTGAGEE ihall 1?~w ~M option to receive and apply the same on accov~l of ths indebted- neu secured lN~eby w to permit s~id MORTGAGORS to reoeive snd us~ it w any part thereoi for othc~ purposes, without thereb~ waivi~y w ~mpai~- i~y ~ny pvity, lien or right under ot by virtw oi this mortysge; and in tM event sa~d MORTGAGORS shall fo? any reason fail to keep the said p~emises w ins~red, a fiil fo delive~ promptly any of s:M policies of insur~nte ro s+id MORTGAGEE, a fail promptly to pay fully any premium therefw a i~ ~ny respect fail b perfwm, d~uharye, executs, effecl, complets, comply with and ~bide by this covenaN, o? any part heraof, said MORiGAGEE may place +nd paY fp such inwrance or ~oy part thereof witlw~?t w~ivi~p w ~ffecting any option. lie~, equity, w ri9ht unda w by virtw of this Matgsge. ~~d tht fu11 smo~ot of each u~d every such paymcnt shall bs immediately due and payable and shaU bear interes~ from ths date the~eof ~ntil paid at tM ~at~ ol nine ps~ centum pe~ annum and to~etlur with such interest shall be secured by the lien of thi~ matgage. 4. To permit, tommit or suffer no waste, imp+irment or detKaration of said property or s~y part thereof. S. To pay all snd singulu the costs, chsrges sed expenus, including s reasonabk attwney i fee and costs of aburads of title, i~cvrred w paid at any lime by said MORTGAGfE, becauu w i~ the ever?t of the fsilure on the part of ths said MORTGAGOR to duly, promptly and fu~ly perform, d~xhar~R execut~, ~f(ect, complete, comply with and ab:de b~r each and evcry the s~ipulatio~:;, •nreements, conditans, and mvenants oi said promissory ~ote and tha mortpape any w either, and said costs, charges and expensea, each and every, shall be immediately dve and payable; whether w not thcre be notice d~ mand, attempt to collect w suit pending; and the fvll amount of exh and every such !+ar~'~eM shsll bea. in?erest from the date thereof until p~id af the rare of nine per centum per annum; and all said cosri, tharges and expe~us intvrred or paid, logether with suth interest, shall be setured by tht litn of ihif morty~ye. 6. That (a) in the eve~t of any breach of th~s Mortyage or defa~lt on the part of the MORTGAGOR, or (b) in the event any of sa~d sums of money herein refevred to be not promptly and fulty paid within thirty (30) days next afrer the same severally become due and payable, withovt de+nsnd o? notite. or (cj in the event each and every the stipulatiw~s, agreements, conditions and coven+nts of sa+d promissory note and thss rt:o~tgaye any w ather +n not iuly, prompHy and fully perfwmed, d~scharged, executed, effected, completed, complied with and abided Sy, ~hen in either w any such eveM the uid aQ~ gregatt wm mentioned in said promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shatl bec~orr.e due and psy- eb~e forthwith, o~ thereaiter, at the option of said MORTGAGEE, ss tully and completcly as if all of the said sums of money were aiginally stipulated to be paid on svch day, anything in sa:d promiuory note a~ in this Mortgage to the contrary notwi~hstanding; and thereupon o~ the~eafter at ~he optan of sa~d MORTGAGEE, w~thout no~ice or demand, s~it at law o? in eqvity, the~efwe or thereaiter begun, may be prosecuted as if all moneys secur~d heteby had matured pnor to its institution. 7. That in the event that at the beginning of or st any time pending any suit ~~n this Mortgage, or to foreclose it,-or Io reform it, o? fo enforp payment of any cla~ms hereunder, said MORTGAGEE shall apply to the Court having jv:esdiction thereof for the appo~ntmeM of a Receiver, wch Court shall forthwith appoint a receiver of said mo~tgaged property alI and sing~lar, includ~ng atl~e+nd singutar the income, profits, issues and revenues from whatever wurce derived, each and every of wh~ch, it being expressly understood, is hereby mortgaged as if speuficalty xt fwth and dewibed in the granting and habendum clavses hereof, and such Receiver shall have all the broad and effedive funct~ons and powers in anywise entrusted by a Court to a Receiver, and •~ch sppointment shall be made by such Court as an admitted equity and a mane? of abaolute right to ssid MORTGAGEE, and without reference to the adequsty d inadequacy of the value of the p?operty mortgaged or to the solvency o? insolventy of said MORTGAGOR p the defendann, and that such renrs, profits, incorne, issues a~d revenues shall be applied by such Reteiver according to the lien w equity of said MORTGAGEE and the p?actice of suth Court. 8. To duly, promptly and fully perfwm, diuharge, execute, effect, complete, comply with snd abide by each and every the slipulations, agreemenb, conditions a~d covenants in u~d promissory note arx! this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successws snd assigns, may, without notice to the MORTGAOR, deal wi~h such successor or successor in interest with reference to this mortgage and the debt hereby secured in the ssme manner as with Mortgaga without in any way vitiating w diuharging the Mwtgagors' (iabiliry htra under a upo~ the debt hereby secured. tJo sale of the prem~ses hereby mortgaged and no fwbea:ance oa the part of tF+e MORTGAGEE or its successors o~ assigns and no extens~on of the time for the payment of the debt hereby secured given by the MORTGAGE' or its successors or auigns, shall operats ro release, d~uharge, modity change or affect the original liability of the MORTGAGOR herein, either in whok or in part. 10. It is spec~fically agreed that time is of the esunce of this contract and that no waive? of any obligation hereunder w of the obligstion se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof a of the instrumeM setured herby. 1 add~tio~ to the twego:ng month!y payments of princ"pal and interest required by the promissory note secured hereby, mort and agrees to pay ee with each monthly payrnent an add~rional sum estimated by mortgagee to be equal to 1 j 12 ua cost of the follow- ing: A-All real property taxes lev'~ed w assessed aga~. ve described real . B-Prem~ums on fire and windstorm insurance as herein req~~r 'ed on the improveme~ts sit~ate on the above desuibed premises. C-Premiums on such mortgage guaranty insura tgagee sha11 from t~me deem fit to carry on the ban setured hereby. ' Mortgagee shail 'rom time to ri y mortgagor in writing of the amouM due and payable nd such sum shall thereupon be dve and ~ Fayable on the due da~e next monthly payment and eath successive month thereafter ur~til mortgagee shall no or of a change in soth ~ amount. a:i ix applied by mwtgagee toward the paymenf of real property taaes, insurarxe prem.ums, a~xl. mortgage nce ` IN WITNESS WNFREOi, the said MORTGAGOR has hereunto set his hand and seal the day and ye first aforesaid. € Pr - ~ . Se~led nd delive in the presence of: , - i 1 ~ ~ I '~-'-~^--A • a~ ' f STATE OF FIORIDA ~ courm oF St. Lucie ~ ~ ; s~fo.e ~„e penonslly appeared John tlcrtillon and Julia ? lon ~ hic ~yife~ and ~ ~ r^r~nklin A Harris ~nd Val E?ri e V_ Harric ~ his wife, ro me wefl known snd kr+own ro me ro b~ • the ind7vidwb described in and wAo executed foregarg instrument, and ackrawledged before me that they exesuted the same for the purposes ` r?,~?e~ exP.~s.~a. a,d ri,e s~~d Julia ;ichfillon, wife of the said John McHiillon, and ~,,,,;r~, ~ vpon • separats +nd priw» ~ exam7nation by me taken separate and apart from said husbsnd5adcnowl~~~- a.-.~ before me that ~7executed ssid instrumem freely ~nd volun- ; ranly and w~tF~out any compulsio~, constrai~t, apprehension, or fesr of w from~sssaid husbandS. i WITNESS my hand and official seal this~ - day of ~`ta A. D. 19 69 ~ Notary Pub ' ~n and the at~ of Fbrida at larpe My Com an eapires: 7~ Rewrn To: Firsf F~der~l Savirgs 6 loan Astxiation ~~\t1~t111f1 Of Fort P:erce. `~i p~I ~n!;~ ~p~ PII~K. SUk it W~ ~ L,,,,;~.~ 6 ~9n Fort Piarce. Florida f . ,,•,~,~s~~j~ ~ ~~~wl~`~' ~ ' . ' y~ ~~b ~ J; ~ Q J.~ F~ANU . ~ ST. LUCIE COUNTY. FI.A. _n • • ~ ' : : ~~4- R1~ tF~~vO . -A ~c • .c_ \ This Instrument Prepared By ~ y: : First Federal Savings ~ loan Association J:`~~ o f F o r t P i e r c e ";L,;•.~~"~ Q,:~ c ~ . o y 1 a 9 t~:" 1 Y Z P M ; Checked By John Coll ins " ` BflOK ; ;,n. ..c~ :-01'?r~Ns CL~RM. CIRCUIT COURT f ~ d~~~., . ~ - . _ ~r..~~~ _ -