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Home My WebLink About2512 3. To place and comi~uou~ly keep on the bui!dings now or hereaf~er ~~t~~te o~ said land and on all equ~pment and pe+sonaliy covered by this matg- egs, with all premiums the~con pa~d in (utl, fire in~urance in the usuat s~andard policy form, in a sum approved by the MOR(GAGEE, and win~s~am ~~surance in ~he usual standard pol~cy form, in a sum approved by fhe MQRTGAGEE, in iuch company or tompan~et as the MORTGAGEE may di~ecl; and all (ire and wtndstorm insurence policies on any of said buitd~ngs, any interest therein o~ par! thereof, in Me aggregate tum ~fwesaid w in sxces~ thercof~ shall cor~tain the usual standard m~tgagce clause w such o~her clause as the Mongages may rcqu~rs, ma?inp ~t» lou unda ta~d polt cies, each ~nd every, payab~e to sa~d h10RTGAGEE ~s it~ in~ereit may appear, and each a~d eve~y such poficy shall be promprty ass gned and detivered to any held by said MORTGAGEE as (urther security to said mwi~age debt, and, nat leu than ten (10) days in advance oi fhe expiration of each pol~cy, fo da liver fo uid MORTGAGEE a re~~ewal thereof, toyelher with a receipt fw tke premium of iuch re~ewal; and there shall be ~o f~re o~ windstorm insurance p~aced on any oi sa~d buildings, any interesl therein w parf thereof, unless in the form and wilh 1hs loss payable ai afwesaid; and in the event any sum of mo~ey becomes payable under such policy w policies said MORTGAGEE shall have ~he opt~on ~o receive and apply the same on account o( tha indeb~ed- ; ness secured Fxreby or ro permit sa~d MORTGAGORS to receive and ux it w any parl thereof for othe~ purpo:es, v.~~ho~r th~~ru~ wa~~~ng or unp~k- ing any equ~ry, iien or r'rght under w by vi~tue of this mo:'yage; and in the event sa~d MORTGAGORS shafl fo~ any reason fail to keep the sa~d premises w insured, or teil to deliver promptly sny of said pol~cies of insuranoe to said MORTGAGEE, or fail promptly to pay tully any premium therefw or in any respect iail to pe.vfam, discha~ge, execute, eitect, comptete, comply wirh and ab+de by this covenant, or sny part he~eof, said MORiGAGEE may place and pay fw such insurance o~ ~ny part thereof without waiving w aifec~ing any option, lien, equity, or rlqht under w by v;r~ue of ihis Mo~tgage, ~nd the iull amount of, each and every such payment shall be immediately due and payable and sha(I bear interest (rom the data the~eof un~i! psid at the rata of n~ne per cenrum pe~ annum and together vvith such inte~est shall be secured by the lien o( this mortgage. ~ To {xrmit, commit or sufie~ no waste, impairment or deterioration of said property a any part thereof. ~ S. To pay atl and s+ngutsr the costs, charges and expenses, including a reasonable attor~ey a fes and costs of abstrads of t~tle, incurrad w psid af ~ any time by said MORTGAGfE, because or in tF+e event of the fa~lure o~ the part of ~he said MORTGAGOR to dufy, p~ariptly and fully p~rform, d~scharqe, ~ exxute, efiecf, canplere, comply with and ab:de by each and eve~y the stipulauon~, agreemen?s, cond~iions, and covenanTS oi sa~d promizsory note and this mortgage any or ei~her, and sa~d costs, char~es and expenses, each and every, shall be immediately due and payable; whether or not ihere be notice dt i mand, attempt to coliect w suit pend~ng; a~d the fu!! amounf o! each and every svch payment sHall bear inferesl from the date thereof until paid a1 the ~ raie of nine per centum ~r an:~um; and ali said costt, chargea and expenses incvrred w paid, together w~th such interest, ahall be secured by the lien of th~s ? mortgage. 6. ihat (a) in the event of any breach of this Mortgage or default on the ~art of the MORTGAGOR, or (b) in the event any of sa+d sums of money herein referred to be not pranpfly and fully paid within thirty (30) days next after the same seve~ally become due and payable, without demand o~ notice, or (c) in tF?e event each and every the stipulations, agreaments, condit~ons and covenants ot sa:d p~omissory note and th~s mortgage any a either are nol iuly, promptly and fu)ly performed, d,scharged, executed, effectcd, completed, compiied with and ab~ded `ay, then in either w any such event the said ag gregate sum mentaned in said promissory note then remaining unpa~d, with interesl accrued, and all moneys secured he~eby, shatl becane due and pay- abfe forehwith, or thereatter, at the oprion of said MOR7GAGfE, as fully and completely as if all of the said s~ms of mo~ey were a~ginally stipulated to be pa~d on :uch day, anything in sa:d prom~sswy note or in this Mwtgage to the con~rary notwithstanding; and thereupon or thereafter at the opt~on of said MORTGAGEE, withaut norice or demand, suit at law a in equity, therefwe w lhereafrer begun, may be prosecuted as if aI! morteys setured hereby had metured pnor to its institution. 7. That in the event that at the beginning of or at any time pending any suit upon this Mwtgage, o~ to foreclose it, or to ~eform it, or to enfwce ~ payment of any claims hereunder, said MORTGAGEE shall apply to the Covrl having jurisd~ct'ion thereoi (or the appointmenf of a Receiver, auch Court sha!! forthwith appo;nt a~eceiver of said mortgaged prooerty all and singular, intlud~ng all and singular tFk income, pro(~ts, issues and revenues from whateve~ source derived. each and every of wh~ch, it being expressly understood, is Fxreby mortgaged as if speufically set for?h and described in tbe gran~ing and habendum clauses hereof, and such Receiver shall have all the broad and effective funct~ons and powers in anywise entrusted by a Court to a Receiver, and sc::h appointme~zt shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and withoul teference to the adequaq a inadequacy of the value of the property mortgaged or to 1Fro sotvency w insotventy of said NtORiGAGOR w the defendants, artd Ihat suth rents, profits, income, issues and rerenues shall be applied by such Receiver according to the lieh a eqvity oi said MORTGAGEE and Ihe practice of such CouA, 8. To duly, promptly and fully perfwm, discharge, execute, effect, complete, comply wi~h and abide by each and every the stipulations, agreemenfs, condit'qns ared coveaanrs ~n said promissay note and th:s mwtgage set fath. 9. That in the event the o~vnership of the mortgaged premises, o~ sny part thereof, becomes vested in a person other than the MORTGAGpR, the MORTGAGEE, its successors and auigns, may, without not;ce to the MORTGAOR, deal with such s~cceua w successor in interest with reference to this mortgage ar.d rhe debt hereby secured in the same manner as witb Mortgagor without in any way vitiati~g q d;scharging the Mortgagors' liability herr uneier w upon the debt hereby secured. No sale of the premises hereby mortgaged snd no fwbearance on the parl of the /AORiGAGEE or its sutcessws or assigns and no extension of the time fw the payment oi the debt hereby secured given by Ihr MORTGAGEE or its successas a ass;gns, a,5a11 operate to release, discharge, modify change or affect the original liability of the lNORTGAGOR Fxrein, eithcr i~ whole or in part. 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligat~on hereunder or of the obligaticn sr ~ cured hereby shall at any time thereafter be held to be a waiver of fhe terms hereof or oi the instrument secured herby. I t. In add.t:o~ ro the faego:ng monthly payments of pri~c'pal and interest required by tF+e prom;ssory note secured hereby, mortgagor covenants ~ and agrees to pay to mo: tgagee with each monfhty payrnent an addirional sum ei4imated by mortgagee to be equal to 1/ 12 of the annual cost of the follow- ing: • A-All reai p:operty taxes ievied or assessed against the above described real estate. 8-Pr•~r~ums on fire and windsrorm insurance as he~ein requ;red to be wrried on tt~e improvemeots situate on the above described premises. C-Pre~niums on such mortgage guaranty insurance as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. { Mortgagee snal! 'rom time to time norify mortgagor in writing of the amount due and payable hereundrr and such sum shall thereupon be due and payabte on the due date of the nexf monthly payment and each suctessive month thereafter urtil mortgagee shail notify mortgagor of a change in such arnount. Such sums sFa:l be app:ied by matgagee toward the payment of real prope~ty taxes, ins~rance prerte:ums, and mortgage guaranty insurance p~emiums. IN Y~ITNf55 WHEREOF, the said MORTGAGOR has hereup}q~~~~a~~~yQF~O~ ear first said. Signed, I a liver in tAe presente of: ~ ~ C n U i: TY. F L f~ - ,.:t_.;~;~t~.~ i ; - _ 1~~~.1 ' Q,.~- . a~ ~ '70 ~'r.~' 27 ~~t 3 n ~'~f : aa~,~ STATE OF FLORIDA ~ couNTM oF St. Lucie ~ CL~.Rf; GI~C!J! ~ T C~UR~ Befwe me pe~sonally appeared FY ankl in A. ar r i s a~ Valerie V. Hartis his wife, to me well known and known to rrM to be the individuals desuibed in and who executed the foregoing irtstrument, and atknowledged befote me that they executed the same for iFro purposes ~herein exp~essed. And the :aid Va 1 ez i e v. Ha r r i s wife of ti~e wid F rankl in A. Ha r r i s upon a separate and p~ivat~ examination by me taken separate and apart from her said husband, ackrawledged to snd befwe me that she executed said instrume~t freely and vo~un- rarily and w~thout any computsion, constraint, apprehension~ fea~ of or from her said husband. WIiNESS my hand and official seal this ' day of A. D. 19~_ Ptotsry P ic in and fw t State of Fforida at tarye Return Ta MY ission e:pires: Firat federal Savings b toan Associatan ~0!!fy ~~K, ~tak of Rar;de at l~rqe ~ i o? Fo,~ P~e«e. - trlr Co:~cr.issi;,n Expires ~uy. 6, 1971 ~ Fon Pierce, Florida ~ • • - b..w ~r A..n... Fi. a c.,,,.,,r c4, ~ C ' r . . ~ i , t ~ . This Instrument Prepared By John W. Colli:~s; ~ ~ ~ First Federal Savings b Loan Association , ~ ~ ' - _ : . of Fort Pierce , Flozida , • c. - ~ Checked By , 7 cc:;,;;, - ~ BDOK~~~ pacE2509 i' ~ _ _ ~ _ _ - _ - ~