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HomeMy WebLinkAbout1343 . , i ` To plau ~nd continuously ke~p on tM buildi~ps now a Mreaft~r wt~+t~ on said land and oe~ all equip.~ot and p~rwrully cov~red by thia mat~ ~ge, with ~II pr~miums therwn paid in full. fir~ ins~~~~ in th~ uswl i~anda+d poticy form, in •:um approwd by the MORTGAGEE, snd windstorm ~ insura~c~ in th~ vswt standa.d poGcy fam~, in • wm appruved by ths MORTGAGEE, in such company w companies u ti,~ MORTGAGEE n+ay directt and ~II fir~ ~eki windstorm irtswa+~a policias on ~ny of uid build[nps, iny intere~t therein w p~h tFereof, in the a~regate ium ~foresaid or in uccess therwf, sMll cont~in the uswl itandud mortyapN c1avH a sexh otMs cla~ss ~s th~ Morf9age~ may ~equu~. makinp ~M tou undK said pot4 cie~, each and ev~ry, payabk ro s+id MORTGAGEE as iq inte~es: ~y appta~, and each u?d ~very tuch policy ~hall b~ promptly su:pned +nd delivered to ~ny h~Id by said MORtGAGEE ~s further sec~rity to iaid mwt~y~ debt, and, oot Isss tha~ ran (10) days i~ advance oI !he sxpiration of e~ch policy, to dF ~ liwr to uid MORTGAGEE • mnewat thereof, to9t~her with a raceipt for the p~emiwn of such renewal; and ths~e shall bs no f~re or windstorm inwranc~ f pfac~d on ~ny of said buildings, sny inte~est tMrein w part thtreof, unleu in the fo~m snd with iM loss payable as ~iwessidj and in tM svent any sun+ ! of monsy becpnes payablt ~nde? sud? policy or policis~ saict MORTGAGEE shaU Mw ths optioe~ to receive and apply the same on accouM of ths indebtad~ neu setw~d hereby w to petmit s~id MpRiGAGORS to reteive and ~ it or any part thereof fa othe~ purpwes, wi~hout thereb~ waivi~y or lmpair iry any pvity, lia~ or riyht v~der or by virtw of this mortqa~s; and in fh~ ~veM said 1NOitTGAGpRS shall fw any ?easo~ fail !o keep ihe said premise~ w ensured w(sil b deliver promptly any of said policiel oi ins~ra~cs to said Mt~RTGAGEE, a fail promptly fo pay fully any premium therefor or in ~ny respecl fail b patorny disch~rye, execute, effact, complete. comply with u~d abide by this cwenant, o~ any part hereof, said MORTGAGEE may plae~ and pay fa tuch iruwance or ~ny Rart the~eof withovt waivinp or aff~ctinQ ~ny optipy lien, equ;ry, o~ right under or by virtw of this Mon9+q~, ~nd the tull ~rrwunt of each and ~very t~cf? payment shall be imrnediately dw ~nd payable and shalt bear interest from the date thereof u~til paid at tM ut~ oi nine ptr cent~m par annum and together with wch i~terest s!•alt be secured by tht lien of this mortpape. 4. To permit, oommit w suffar no waite, IT~IfrtlNlf Of fJlfN10/s1i011 OI 3~1d p10PQ?ty 01 My ~Ml1 fI1lflOf. S. To pay aN and sirgvlu the cost~, chsrges and expenses, includirg s reaswwble atto?ney i fee and costs of abstracts of titte, incurted or paid ~t ~ any time by said NIORTGAGEE, because w in the event of the failure o~ the pan of the said MORTGAGOR to duty, promptly snd fuuy periorm, d~acha~~R ~ execvte, effed, complete, comply w~th snd ~b:de by each and every tha sNpulatrons, agreen?ents, condit)ons, snd covenanb oi said promissary note and thii mortgag~ +~y or eitha, and said costa, chsr~es and expenseS each and every, shall be immcdiately due and payable; whether w not the~e be norice do- mand, attempt to tolleet or suit pendinp; ~nd the f~~l amount of each and every wch paymeM shall bear interest from the date fhereof uMil paid ~t the rate of rdne per centum per annum; and all said costs, charges and expenses incurred or paid, togNher w~th suth iroerest, thall be secuted by the (ien of thit morty~p~. 6. That in the event of any bresch of this Mortpage w default on the part of the MORTGAGOR, or (b) in the event any of sa~d s~ms of moneY herein referred to be not promprly and Fully paid w~thin thirty (30) days ne~t after the same severally become d~e and payable, without demand or twtice, or (c) in the even~ each and evHy the slip~rlations, egreemenb, conditions and covenanb of sa~d promiuory ~ote and th~s mwtgs9e any or either are nol iuly, promptly and fully performad, d~uharged, executed, effected, tompteted, complied wirh and aEided tiy, then in either or any such ewM tM said a¢ gregate wm mn+tioned in sa~d promissory ~ote the~ remainin~ unpaid, with interoaf acuued, a~d all mooeys setured hereby, shall become dw and pay- able forthwith, ot thereaftc+, at the option of said MORTGAGtc, as fully and completely as if all of the said s~ms of mo~ey were origin~Uy stipulated to be paid on such day, anything in said prom+uory oote w in this Mwt9~ge to the contrary notwithstanding; and thereupon w thereafter at the option of said MORTGAGEE, without notke or demand, suit at law or in equity, tharefw~ or tAOfNItM beyun, may be prosecuted as if all moneys iecursd hereby ~ had mstufed prwr to iri institution. 7. That in tMe lvMf 1Aat if fF1! blginnirg of or at any time pending any wit ~pon this Mortgage, or to fo?eclose it, w Io reform it, or to enforu Payment of any claims hcreunder, said MORTGAGEE sMll apply to the Cwn having jur~sdrcr~o++ thereof for ~he appo~ntmero of a Receiver, tuch Court shall Forthwith appoiM s receiver of said mortgaged property all and singular, includmg all and singutar the income, profirs, iuues and ?evenves fiom whatever ~ so~rca derived, each snd every of whKh, it bein~ expreuly undera~ood, is he~eby matgaged as if spec~fically set Fath and described in tlx granting ar+d ~ ha~ndum clsvses hereof, snd such Receiver shall have all the broad and effective furxt:ons and powers in anywise entrusted by a Court to a Receiver, and s~ch appointmcnt shall be made by such Gourt a~ an admitted eqvity and a matte~ of absolute rigAt to said MORTGAGEE, and wi~hout reference to the adequacy o~ inadequacy of the val~e of the property mo?tgaged or to ehe soivency or inso~vency of said MORiGAGOR w the defendants, a~+d that iuch ~ems, profits, income, issues and revenues shall be applied by such Receiver according to the lien or eqvity of wid MQRTGAGEf and the practece of such Gourf. 8. To duly, promptly and fully perfwm, diuhsrge, execute, effect, complNe, comply with and abide by esch and every the stipulations, agreements, conditions and covenams in said promissory note and this mortgsge set forth. 9. That in the event the ownership of tt+e mortga~ed premises, w any part thereof, becomes vested in a penon othe~ lhsn the MORTGAGOR, the MORTGAGEE, its succeuors and assgns, may, without notice to the MORTGAOR, deal with such successor or iuccessor in interest with reference to this mortgage and the debt hereby secvred in the same manner as with Mortgagor without in any way vitiating p dixherging the Mwtgagon' ii~bility hero- under a ~pon the debt 1?ereby secv~ed. Mo sale of the p~emixs hereby mortgaged and no forbearance on the pan oF tF~e MORIGAGEE or it~ successas o. assigns and rw extension of the time fw the payrt+ent of tlx debt hereby secured give~ by the MORTGAGE' or its successas or auigru, shall operate ro release, discharge, modify change a affect the original liab~ifty of the NtORTGAGOR herein, tither in whole a in part. 10. It is specifically agreed that time is of the euence of this corttract ar~d that no waiver of any obligat~on hereunder or of ths obligstion se- cured hereby shell at any time thereafter be held to be a waiver of the terms hereof w of the instrumenl setured herby. ~n add~tion to the fwego:ng monthly payments of princ'pal and interest required by the promissory nore secured her ~s a~d agrees to agee with each monthiy payment an add~riw~al sum est~mated by mortgagee to be c o the annual cost of tF?e follow- ing; A-AII real property taxes levied w assessed aga~~ real estate. . B-Premiums on fire and windstwm insurance a requ~red to be carn rovements sitvate on the above described premises. C-Premiums on such mortgage ~nsurance aa mor?gagee shaN f~om time to time deem ~ on the Ioan secured F~qreby. ~ Mortgagee shal! from ' o time notify mortgagor in writing of the amount due and payable hereunder and suc reupon be due and payable on the d e of the neat monthly payment and each successive month thereafter urtil mortgagce shall notify mortgagw of a c uch amount. sums sha(I be applied by mortgagee toward tlx paymenr~of real property taxes, insurance p?em:ums, and morigage gwranty insur~nc wms. - ~rt~~A-~=t--prr~' A--~ - IN WITNE55 WHEREOf, thE said RTGAGOR has here~llt~.N}+h~~6'3~;"w1_.iLs d~y and yesr first oresaid. Signed, Sealed and deliver n the presente of: ~.UC UNTT rLA t ~~~~~~~C~~ ~ ~ e ' n . •n f69 J~'`~' 2~ ~M I i' 02 ~~.o STATE OF FLORIDA couNTMOF St. Lucie u- f-~.;•= ~ Q~TR.+S ~ • s~fae ~s GLERK C~ CUIT COURT penonally appearcd P'lari1L;*+ A. aarri: VSl@l~.~ V. At1'~: his wife, to me weH known snd known ro me to be ?he individuali desuibed in and wFa exec~ted tAe fora9oiny instrument, and acknow{edged before me that they executed the same for the purpoies rhere~n expressed. Ard the ssid Val@I~~ V. HarYis wife of the ~;d • Franklin A. Ha?rrif ~pon e sepuate +nd priv~t~ examination by me taken uparate and apart from her said husband, atknowkdged to and before me thaf she exetuted said instrument freely end volun- tarrly and withovt sny compulsion, corutraint, spprehension~ fear of or from her said husband. WITNESS my hand and official ual thi: ~i~--- day of A. D. 14~_ ~ Notsry Pu in and for the State of F{orida at lar~ Return To: My Com sion expires: G~ ! Q 7~ Fint Federal Savirgs 3 losn /lasociation Of Fwt Pierce. ~11~tary Pubac. Sute of F , Fort Pierce. Flwida ~i it ~t~ . . Mr ~+n~~;on,E~pres Au4, 6. 1971 t~+k e.~.,tis a r.~doc sar ° ~tLEO aN0 RECOROED This Instrument Prepared By ~ ST.-Ct1C1E~ ~OUNTY, FLA. First Federal Savi~gs b ~oan Association ; ~ ~ E C'1 F C~ V~ r' of Fort Pierce . - ' ` - ~ ~ ' ~ ` ~"794'73 Chetked By _teh.. W.-1:c~lli:s `J.-,~; . : ; , ' . . ~ ~ ~ ~Q ~ 5 0 :t ' tt _ ~ K ~ PACE +Jcl7 ~c~ ~ R ;~c~~~~Q ~~~;~R~s 8~~~ ? CLERK CIRCUI~ COURT ~ 1: _ ` ~ ~ ~ - ~ ~ r~ ~ . ~ _3. ~ _ . _ . ~ . ~ Y:-~.