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Home My WebLink About1763 ; ~j ` , ~ 4 1 S. To plac~ and continvously keep on tM buildinys now w hs~eafi~~ ~itwq oe+ said land and on ali equiprt?~nt a~d pe~wnally covered by thii rt?at~ sgs, with all premiums the~~on pa~d in ful4 fire insura~ct in tF+~ usual itandard polKy fwm, ie~ a sum ~pprov~d by Ihs MORiGAGEE, and winclitorm insurinc~ in ths ~twl itandsrd policy fam, in a sum approved by tht MORTGAGEE, in wch company or companies as th~ MORTGAGEE may diretlt ~nd ~II fir~ and windsrorm insurance policies on s~y of said b~ild~nps, any iNeresl therei~ o~ part lhereof, in ths a99re~aq ivm aforeiaid o~ i~ ~xcess ~hereof, tMll contain the us~al siandard matgage~ clause a such o~har tlaus~ as 1M Matgayee may requ'ut, makir?~ the lou under u~d po~F cie~, each N+d tvery, payable ro said MORTGAGEE as ~~s intere~t may appea~. and each and every svch policy sha11 be promptly au:yned ~nd dalivered to ~ny h~M by ~id MORTGAGfE as fvrther security to iaid mortyage debt, a~d, not leu Iha~ ten (10) days in advance of tix expirstio~ of each polity, to d~- liv~r to i+id MORTGAGEE ~ renewal thercof, lopatlwr with a receipt for the {uemium of such renewal; and there shal! be no f~re or windstwm insurant~ pl~t~d on ~ny of said buildinps, any interest therein w part tMreof, unleu in the form and with the lou paYable as afaesaidt and in the •vMt any sum of mw+sy becomes payable under such policy a policies said MORTGAGEE shall have ths oprion to receive and apply the same on accoun~ of tFw indebted- neu setured F~ereby w to permit said MORTGAGORS to reteive ar?d us~ it a any parl thereof for other pu~poses, .vithout thsreb~ waivi~y or ~mpai+- ing ~ny pu;ty, Iier? w ryht under or by virtua of this mo::gage; and i~ tM weM tsid MORTGAGORS shall fw any reason f~il to keep the said premises so ; i~su~ed, a f~il fo delivet promptly any of said politiq of insurance to sa~d MORTGAGEE, w fail promptly to pay fully any premium therefot a in ~ny ~ respect tail b perfwm, diicharge, executs, effect, complete, comply with and abtda by this covenanl, w any part he~eof. said MORTGAGEE msy place +nd i pay for such ieau~anct w aoy put thereof without w~ivirq w affectirg any option, lien, eqvity, w right unda or by vi~tue of this Mo~tgage, and the ~ full amaMt of each ~nd ~v~ry such payment shall be immediately due and payable and shall bear interest from ~he date thereof until paid ths rat~ ol n~ns per ceotum per anrwm and to;~ether wiih such i~terest shalf be secured by fhe lien of this mwtgage- 1. To p~rmit, commit or svffer no waste, impairmeM a deterioration of said propmty or any part thereof. S. To pay all and singulsr the costs, charges and expenses, including a reasonable attorney's fee and costs of ~bstrads of title, inturred o~ paid at any time by said MORTGAGEE, because w in the event of the failure on the part of the said MORTGAGOR to duty, prompNy and fully perfwm, d~uharyR execute, ~ffect, complete, comply with and ab:de by each and every the stipulaiions, agreemenn, conditions, and covenaros of said promissory mote and thii 1 mwtgaye anr w ei?he~, snd said costs, cMrgq and expenxs, each and every, shall be immediately due and payable; whether w not there be notice dr mand, attempt to colkct or svit pendingt and the full amount of each and every s~ch paymenl shall bear inrerest from the date thereof u~til p~id at the rate of nine pe~ cenwm per annum; and all uid msn, charges and expenses incwred w paid, together w~th such injeres4 sha~l be secured by the lien of thu mo~tya~e• 6. Thsl (s) in the event of any breach of this Mortgsge or default on the part of the MORTGAGOR, or (b) in the event any of iald sums of money herein ~eferred to be not promptly snd fully paid within thirty (30) days next after the same seve~atly become due and payabte, wi~hout demand or notice, or io ihe event each and every the stipulations, agrcements, conditions and cownants of sa~d promiuory note and th~s mortgage any a either art nol ~uly, promptly and fully perfwmed, d~uharged, executed, effected, cwnp~eted, complied with and abided 5y, then in e~ther w any such eveM ths ~aid s~ gregat~ wm menYaned in said pro~ussory rwte then remaining unpaid, with imerest accrued, and ail moneys secured hereby, ahall become due and psy- able futhwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if all of the iaid sums of money were aiginally stipvlated ro be paid on such day, anything in sa~d p~omisswy rate o? in this Mwtgage to the contrary notwithstanding; and therevpon o~ thereafte~ at the op~ion of said lNORTGAGEE, without notice w demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all rnoneys searred hereby had m~twed prror to ib irntitution. 7. That in the avent that at the beginning of or at any time pend~ng any su~t upon this Nbrtgage, w to forectose it, or to refwm it, w to enfwce payment of any claims he?eurtder, said MORTGAGEE shall apply to the Court having jurisd~ction thereof Eo~ the appo~ntment of a Receiver, such Court shall i forthwith appant a receiver of said mortgaged prooerty all and singular, includ~ng all and singular the income, proiits, issues and revenues from whatever source derived, each end every of which, it being expressty understood, is hereby mortgaged as if spec~fically xt fath and described in the granti~g and ~ habendum cl+uses hereof, and such Receiver shall have all the broad and effective funct:ons and powers in anywise entrusted by a Court to • Reteiver, and ~ such appointment shall be made by such Court as an admitted equity and a matta of absolute right to said MORTGAGEE, and wirhout ?efe~ence ro the ~ adequscy or inadequ:~cy of the value of the property mortgaged or to ~he so~vency or ~nso~vency of sa;d MORTGAGOR or the defendants, and that such renrs, profits, incorne, issues and revenues shall be applied by such Receiver accord~ny to the lien or eqvity of said MORTGAGEE and the p~actice of suth Court. 8. To duly, p?omptly and fully perfwm, diuharge, execute, etfed, comp~ete, comply with and abide by each sod every the stipulations, ~greements, condiYaro and covenants in sa~d promissory ~ote and this mortgage set forth_ 9. That i~ the event the ownenhip of the mortgaged premises, w any part thereof, becomes vested in a person othe~ fhan the MORTGAGOR, ths N10RTGAGEE, ib successon a~d ass~gns, may, without noiice to the MORTGAOR, deal with such successor a successw in interest with refererxe to this mortgsge and the debf hereby secured i~ ihe same man~er as with AM1ortgagor w~thout in any way vitiating w diuharging the Mortgagoti liability here- ~ under d upon the debt hereby secured. No sale of the premises hereby mwtgaged and no fwbearance on the part of the MORTGAGEE p its successon or assigrq and no extens~on of the time fw the payment of the debt hereby secured given by the MORTGIiiGE~ or ~ts svccessors w au~gns, shall operaq to releue, d~xhar~e, modify change w affcct the orig~nal liab;i~ty of the MORTGAGOR herein, either in whok or in part. 10. It is apec~fically agreed that time is of the essence of this contract ana! that no waive~ of any obl~gat~on hereunder or of the obligstion se- cured hereby shall a1 any time theteafter be hetd to be s waiver o( the ferms hereof or of the ins~rument secured he~by. ~ 11. In add~tion to the forego'ru~ mortthly payments of princ pal and ~merest req~~red by the prom;ssory note secured hereby, mortgagor covenants ' and rees to to mort a ee with each monrhl a rnent an add~~ional sum est~mared b mort ee to be e ual to 1 12 of the annual cost of the follow- ` a9 PaY g 9 Y P Y Y 9r9 9 r ' in~: _ A-All real property taxrs Icvied or assessed ag3i~st the above desv~bed real estate. . B-Premiu~ns on fire and windstwm insurance as herein requ~red to be carried on the improvements situate on the above dascribed premisa. C-Premiums on such mwtgege guaranty insurar~ce as morfgagee shall from t::ne to time deem fit to carry on the ban secured hereby. Mqtgagee shall frwn time to tirru notify mortgagcr ~n writing ef the amount dve and payable hereunder and such sum shall thereupon be due and payable on the due date of the next monthly payment and each successive month thereafter urti~ mortgagee sha~l notify mortgagor of a chan9e in such i amounf. Such sums sF.all be applied by mo~tgagee toward the payment of real property taxes, insurance prem:ums, a~x! mortgage guaranty insu~+nce f p.emiums. ~ N WITNE55 WHEREOF, the sa~d MORT6AGOR has hereunto set his hand and seal the day a ar first a4 . ~ ned. Sea! and del' in the presence of: ~r a i ~ G i ~ o-~ 9----~ n `s ~ • € (St~q ~ . ~5ea0 ~ ~ STATE OF FLORIDA ~ S5. ~ courm of St. Lucie ~ 6~fae m~ penonally .~.a.~a Rsanklin A. H~a?rris ,~d ~ Valerif V• HarZf • his wife, to rrK well known and known to me ro be the individwls described in a~d who executed the foreyarg instrvmsr~t, and xknow{edged befwe me 1Mt they executed the same for tM purpotes ~ rhereie ~xpressed. And the said V~!=~Q V. He!!~i ~ wiit of tM said Franklin A• ~Il~f upon • teparate and priwt~ ~ e,cem~natan by me qke~ separafe and apart from her said husband, +cknowtedged to snd befw~ me that she eaccuted said instrument f~eely ~nd volur~ ~ rarily a+d w~tho„t any computs~on, co~straint, apprehens~on.~ fear o~ a irom her said iwsband. ~ WITNESS my Mnd ~nd offic;al seal thi: 7-~ day of ~ A. D. 19_4~ :ti % . Noary Pub~~ ~nd tw th~ S1ate of Flwida at larp~ Y, , My Comm~s expires: /~J 7~ ~ Rttum Ta. , ~ Fint F~ral Savinqs 8 Loan As~ociatro~ ~ ,~~~~ltl..:. i'~Oiity Pi~i(. S~tt O~ f~Ofldi ~t ~if~ ~ Of Fwt P~erce. , s: , : j~ 1~ ~ . . ~y ~OaIEUSS100 ~pflt 6. Fwt Pie~ca Fbr~da ~ ~ " M~M~ b ~ fis ~ ~Wr ~ ~ ~ FILED bND RECOROEO ~ tC' ~ J." S'. LUCtE GOUNTY~ F~A. ~ _ ~ _ a~ ^r~'r :'~'~f~ t~ This Instrument Prepared By J~p ;M. COlI~ ; = : ' ' ` ~ First Federal Savings b loan Associati6rv 1~231 ~ of fort Pie~ce . Rlos idi? ~ ^ 2 - . . ~~9 ~ ~ ~ J!~L 3 10: 6 ~r , Checked By ~ . ~ . • ' ~ 7 i0l7R.'.S ~ bppKi~ PAGE~ ~ C~=RK CtRCUIT COURT ~ ; 7^¦~- ~ ;1-N' ~ . _ . , r~ - l ~i~4 , ~ _ . ' . . _