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HomeMy WebLinkAbout0335 3. To piace •nd contiewouily ke~p on tM bvildinps now a Mrs+ft~r sitv~t~ on ssid bnd and on all eqvipment ~nd perfonally cortred by this rtwrtq- eg~, with ~II premiums 1he~eon patd in i~ll, firs im~r~nc~ in tM usuai itandard policy fam, in a•um approvad by the MOQTGAGEE, arx) windstprm inw~ante in ths uswl standard pol~cy fam, ie a wm approved by the MOR1GAGfE, in such company oi compsn;es as the MORTGAGEE may dinu; and all fir~ snd winduorm insur~nc~ polic:es on ~ny of said build~r+ps, any interest the+ein or pa~t thereof, in the aggre9a~~ wm afor~~aid or in ~xc~s~ ~heraof, shsll contain ths uiual st~ndard mortga~ae clauu a such otha cliusa u the M«tgayee may requ~r~, makinp the iau u~der sa~d poli~ cies, each and every, p~yable ro said MORTGAGEE a~ it~ interest may appear, ard eacA and every such policy ~hall be promprly au:~ned and delivered to •ny Mld by said MORTGAGEE as furtha tacurity to ~aid mortpape deb1, and, not Iess than ten (10) days i~ advance of ~he expi~ation of each polity, to de- iivit to 3aid M1tORTGAt'iEE a renewaf thsTSOf, fogsrMr with a r~c•ip1 to~ the pnmiwn of such renewal; and there thall be ra f~r~ or windstorm insurarx~ plxsd on ~ny of said Fwildings, any inte~pt therei~ w p~rt thereof, unleu in ~he form and wi~h the lou p~yable ai afwesaid; and in tF+~ event a~y sum, of money becomes payabte ue~der iuch policy w policies s+id MpRTGAGEE shall have ths opt~on to receive ar?d apply the same on account of the indabted- neu tecv~ed he~eby or ro permit said MORTGAGORS to ~eteiv~ and us~ it a any part thereof for othcr purposes, without thsreb/ waivi~~g ar anpair- ing aoy aquity, lien or r'~ght under or by virtva of this morlgayej and in the evrnt said MORTGAGORS shall fa any ~easw~ fail to keep the said premisas so insured, or fs91 to deliver promptly ~ny of uid policies of intvrance fo said 1KORTGA3EE, or fai! promptly !o pay fully any pnmium the~efc~ a in a~y re;pect fail fo pe.fwm, diuMrge, execute, effect, complete, comply with snd ~bide by this covenant, w any part hcreof, said MORTGAGEE may pl~ce ~nd pay fot :uch ins~rance w any part thereof without waivinp w affectirq any option, lien, equity, a right unda or by virtue oF ~his Mo~tya9e, and ?he full amovnt of each and every sucF? peyment shall be immedi~tely dw snd payable and shalt besr interest from 1M date thereof until paid at ~M rat~ 01 n;ne per centum per sruium a~d together with tuch intersYt iha~l be secured by the lien of lhis mortgspe. I. To permit, tommit or sufier ~o waste, impairment or deter'qration of uid property or a~y part thereof. i. To pay sll snd sinyulu the cwri, ChAr9H ~nd !xplnse3, inc(udinq s reason~ble ~ttwney's fee and mstt of abst~actt of title, intvrred w pnid at , any time by said MORTGAGEE, because or in ihs srent of the failure an the part of the wid MORTGAGOR to duly, promptly and fully perform. d~scharge, exaute, effect, complett, comply with and ab~de by eath and every the stip~lations, agreements, conditions, a~d covenants of said prpniswry nofe and this mortgage any or ei~her, and said costs, charges and expense~, each and every, shall be immediately due and payable; whether w not there be notice de~ mand, attempt to coilecl w suit pending; and the full amount of each and every such payment iAall bear intereat from the dats thereof ~otil psid at the rate of nine pe~ centum per an~wm; and all uid costs, charges a~d expenses incwred or paid,. together w,th svch interatt, s1w1! be setv~ed by Ihs lien of thii morlQ+ge. b. Th~t in the eveM of any breach of this Matgaga o? default on the part of the MORIGAGOR, o? (b) in the event s~y of sa~d s~ms of mooey herein referred to be not promptly and fully oaid within thirty (30) days next after +he same severatl3 pecome dve and payable, witFavt demand or nof~te, or (c) in the event each and every the stipulations, agrcemenn, conditans and covenants oi sa~d Exomiuory note and th~s mortgage any a either ~re not iuly, promptly snd fvlty performed, dixharged, executed, effected, comp{eted, complied with and abided by, tFxn in either a any such eveM the uid a¢ gregate sum mcntioned in said promiuory note then remaining unpaid, wFlh inte~esf accrved, and atl moneys secured hereby, shsli become dve and p~y~ able forthwith, or ther~sfter, at the option of xaid MORTGAGEE, as fully a~d compkiely as if sll of the said sums of mo~ey were wig;nally stipulated to be paid on s~ch day, anythirg in said promissory note o~ in this Mortgage to the contrary ~otwirhsranding; and thereupore or thereafter at tt~e option of aa;d MORTGAGEE, without notice or demand, iuit at law or in equity, the~efae or thereafter begun, may be prosecuted ss if ~II moneys satursd hereby had matured prwr to iri institution. 7. That in the event tFwt at the beginning of or af any time pendirg any auit upon rhis N4wtgage, or to iweclose it, or ro mfwm it, or fo enforce paymrnt af any claims hcreurxler, said MORTGAGEE shall apply to fhe.~Covrt hsving jurisdrc~ion ihereof fo~ ~he appointment of a Receiver, svch Court shstl fwthwith sppo~nt s recciver of said mortgaged property all ~nd siryvlar, includu~g all and singulu Ihe income, profits, iuues and revenues from whataver seurce derived, each snd every of wh~ch, ir being expressfy understood, is hereby mwtgaged as if s~.xc~fically set forth and dewibed in tAe granting and habendum clauses hereof, and such Receiver shall hsve atl the broad and eifect~ve tund~ons and powers in aoywise entrusted by a Court to a Receiver, and svch appointmeM shall be made by wch Court as an admifted equity and a matter of absolute right to said MORiGAGEE, and without reference to the edequacy a insdeqvaq of ti:e value of ihe propery mprtgaget! ur to the sowency or insolvency of said MORTGAC.OR a tF~e defendann, and that such renes, profin, income, iuues and revmues shall be apptied by such Receivcr sccording a the lim o? equiry of said MORTGAGEE a~d the practice of wch Court. 8. 7o r1vly, promptly and fuUy perfam, dschs.gr, execufe, effect, complete, comply with a~d abide by each and every the stipulafiorts, agreemenri, ( ca~ditions and covenants in said promissory note a~d this mortyage set forth. + t 9. That in the event the ownenhip of the morigageti prem;ses, w any part thereof, becomq veated in a penon otlxr than the MORTGAGOR, th~ ~ N.ORTGAGEE, its :~iccessors and auigns, may, wethout notice to the MORT('iAOR, deal with such succeswr w successor in interest with reference to this mortgage and the deW hcreby secwed in the same manner as with Mortgagw without in a~y way vitiating p discharging the Mwtgagon' liability hert f under or upon the debt hereby secured. No sale of ihe premises hereby mortgaged a~d no forbearance on the part of the MORTGAGEE o~ itt sucteuas ~ a aug~s and no extension of the time fw the paymeM of the debt hereby secured given by the MpRTGAGE~ w its succeuors a suigns, shall operatt to release, dixharge, modify thange or affect the original liability of the MORTGAGOR herein, either i~ whole or in part. 10. It is specifically agreed that time is of the esxnce ef this contrad and that no waiver of any obligation i~ereunder ar of tM ohfigatio~ sa- ' cured hereby shatl at any time thereafter be held fo be a waiver of the terms hereoi or o( tF~e instrumeot secured herby, 11. In add~tion to the fwego"ng mo~thty paymants of prin~ pal and interest required 6y the prom,swry note secured hereby, mortgsgor covensnh ' and agrees to pay to mortgagee with each monthly payn~nt an additional sum estimated by mortgagee to be equat to 1/12 of !fie annual cost of the follow- r ing: A-All real property taxes levied or assessed against the above described real estata ' B-Prem~ums on fire and windstorm insurance as herein requ~red to be car~ied on the improvemeats :ituate on the above described p?emises. C-Premiums on wch mortgage guaranty insurante at mortgagee shalt from time fo time deem fit to carry on the (oa~ setured hereby. lylortgagee sha11 from time to time notify mortgagor in writing of thP amount due and ~ayabte kezcundrr and ~sxh su^~ sha)I t}wreuporf be dve and Fayable on the due date of the next monthly payment and each successive month thereafter ur.til rRwtgagee shall notify mortgagor of a change in such anwuM.-- 5uch swns shaU.bo-sppliadby__mottyaget_~pryard the_payment of reat property tsxes, insurance prem:ums, and rtwrtgage gueranty i~surance premivros. • _ - . - - _ _ _ tN WITNESS WHEREOP, the said MORTGAGOR has hereunto set hi: hand and seal the day_and year fin~ sforesaid. ned, Seal nd drl' in prescnce of: FILED .".N~ RECO~DED ~ LE;C~E .OUNT~ FL~. n • " - . - • , . ~ ~ ~ 1yU249 STATE OF RORIDA » n E~ P~ ~t ~ !fl ' COUNTY Of $t • L.11C1@ ,J ~ ~ C defwe me personafly appeared Henrv BIdYfSOT1 aIl O if a~ Rranklin A. Harris and Vaierie'~~ ' h;s r,,;~e, to me well krawa and known to me to b~ rha individuals described in and who execvted the fa and ledged before me that they executed the same for the pvrposes t rn~?~~~ ~xa~d. A„d tn~ ~rY V. Blanson, wife of the said Het~ry Blanson, and ; 'v~(eef'~~aRl~ 1 ~ ' eaid Fr ~'+k1 ~n A arri e upon s sepa~ate snd privat~ examination by me taken separste a~d apart fromfixr said husbandy atknovrledgecJ to and befwe me t t~fiqrez " rarily a~d withovt any tompulsion, constraint, spprehen~s~io,~n,c ~ot fear of w from'hs said huslxndt. ' W1TNE55 my hsnd a~d official seal thi~ day of FebY~ A. D. 19 7O Nofary P in aod for thc State of flwida at larpe i Rerurn Ta : My ~ ion eapires: 6~ / 9 7/ ~ Fint Feders) Save?gs 3 loa~t As~otiation ' ,~j111ttil~~ ' " ~ ,p~~ri~~ ~ fatOPieree, Flor da • e, 1~~ j. ry ~K• Sfat! O~ AOR~a it ~J! ;':'~4~'~;''~`'~ ~~~=~1iv'~.' ~r b~0.a~.a~'i ~~..~..~~a~. b, 1971 ; J . ,t:~.,,,._ ~ c.wr a~, . ~ Q; ~ -s.Q` `t~- 4.3~~ : ~ . ~ r ~ Q„~ y~ ,r,;,s _ : ::~:s.~t = ~t :,.:t~~ 1 , This Instrument Prepared By John .W. Cailigg:~:;p=}"""''" A` . ~ p~1~4'~~: ~ ~ ; First Federal Savings & Loan Association -y ;_,~y. q~ i }o ~ ; : ~ i ' of Fort Pierce , Floxida • ` ,,~~a~e,.,,,~. .Qr:~ o~~~ E ehecked By ~ ~ ;.a,,~ 0 ~ i - • ~~~~N~tt~~~~~~` Boo~ ~83 P~~ , 335 ~ - - . . ~ ~ _ ~ . ~ ~ e_ ; ~ . _ - ~