HomeMy WebLinkAbout0473 3. To place and continuo~s,y 4eep on ~he bu~!dings now o~ hereafter ~~tuate on sa~d land and on al~ equ~pme~t and persone+ly covered by thi~ mong-
ege, w~th all prem~u:ns thereon pa~d in full, f~re inswance In ~he usuat standaid po~icy fOnn, in a wm aHpro~ed by ihe h10RtCa:.GEE, a~~d ~v~ndsrorm
ir,wrance in ~he ~iual atandard pol.cy lo~m, in a wm approved by the MORTGAGEE, in such cornpeny er companies as the h'tORiGAGEE may
dirK~: and all iiro and w~ndstorm ins~~ance policie~ on any o( said buitd~ngs, any inrere+t the~ein or parr lhrreof, in ~he aggregate sum aforesaid or
F~ excess ~hereo(, shall contrin the ~sual standa~J mo~tgagee dause or sur.h other c~ause as the Mo~rgagee may rrqv~re, ma~~~g the ioss under sa~d poli-
ue~, each and eve~y. pay ib!e to sa~d h~ORTG~GEE as intereal may appear, and each and ev~ry such po.~cy ahali be pro~~+µNy ass gn.d and detivered ro
any held by aafd ~150RfGAGfF as funher srcwity ~o sa~J n:ortgege debt, and, no? less than ~e~i (lp) days in aJvance of the expiret~on o+ each policy, to de-
e. ta sa6~ !4!ORTGAGEE a re~~ewal thereof, toge~her wirh a rece~pt (oi the prtmium ol suth renewal; and there shail br no f~re or w~nduorm insurance
placed on any of sa~d build~nys, any inicrest therein or part thereof, unless in rhe form and w;th the loss psyable as aloresaid; and in the eveN any sum
of money kxcomei payable vnder such policy or pol~cies sa~d MORiGAGEE ehall heve the opnon to receire and app!y ~he sa~ne on account of the ~~~dab+ed-
nets secur~ hereby w to permet sa~d MORTGAGOR$ to reteive and uSe it or any part thercof for otmr H~i~•osrs. :.;riio.:t th u~ .t_:~~i ~3 or nnpuir-
ing any equ~ty, lien or r:ght unda~ or by vertue o1 this mo~'gage; and in the event sa:d MORTGAGCRS shall for any reason fait to kecp the said premiirs so
msurrd, or fail to deliver promptly any of sa~d poGcirs of insuronce to said MORTGAGEE, or i~J promptly lo pay fv~ly any pre~~~~um therefor or in any
resped (ail to perform, d~scharye, execure, ~ifect, con,ptete, cocnpty wiM and ab~de by this covenant, or any part hareoi, saiJ MGRiGAGEE may place a~d
pay fw such ins.~rante or any part Ihereof w~thoul waiving or affecting any option, Iien, equ~ty, or r~ght under or b~ virtue of th~s A1a~gage, and the
f~ll amau~t of each and eyery such paymeM ahall be ~mmedialely due and payab!e and shatl bea~ interesr }rom the da~e thereof unr;l pa;d af the rate of
n~ne per centurn par a~:~~~m and to~e~her ,nith such i~~nrest sha~i be secured by the lien of th~s mortgage.
4. To permit, comn,it cx su}(e~ no w•aste, impairment o~ deteriora~ion of said property or any part thereof.
5. To pay a11 and singu~ar the costs, charges and eaprnses, including a reasonabk attomey's fee ard ccsts of abstracts o( tir!e, incur.ed or paid at
an~ iime by sa~d h10RTGAG:E, because or in the event of tbe fail~re on the part o( ~he said MORTGAG~R to du~y, prompUy and i~lly pe~form, dncharge_
e,~ec~te, eliect, co,»pJete, iornply w~th and ab.de by each and eve~y rhe s~~pulat~ons, agreeme~ts, cond~~~ons, and covena~~ts of ~,~d p~a.~~.sory note a~d th~s
nwrrgage any or e+~her, and sa:d cosrs, charges and expenses, each and eve~y, shait be immed~ately due and payab.e; whether or not thare be nonce d~
ma .d, atte~~~pt to coilect or s~it pend~ng; and Me (uf! a+nount of each and every such payment shall bea~ inrere:e from the da~e thereof umil paid at the
-~re o~ nme per c~n:,,~n, F c~ an~+,:~n; and au sa~d cosTS, chargrs and expenxs ~nc~rreey or pa~d, toyether w.th s~ch ~nterrst, shall be secured by the t~en of ths
mortgage.
6. That (a) in th~ event of any bieath of th~s Mortgage or default on the pa~t of the b10RTGAGOR, or ~b) ~n ihe event any of sa;d sums of money
h~~rein re(e~red to be r.ot promFniy and i~lly paid wi~hin th:rty ~30) deys neat afr•_r the same severa:ly beco~ne dua and payable, wi~h~cut demand or no~ice,
er (c) in the evenz each and e~ery tF.e st~putations, agrermenes, cond~tiens and covenants ol sa d pro~nlsso~y no~a ar~J th:s mortyage any or either are nol
i~iy, promprly and fufiy ~rfor~ned, dschargpd, executed, etfetted, cempleted, compi~ed w~th and ab~ded Sy, ~hen in e~+her or any such event the sa~d sg
~~egate sum mennaned in smd promissory note then re~naining unpa~d, with inte~est acuued, and ali ~ran;:ys secured 'nereby, sha~i become d~e and pay-
a'~~e for~hwith, or thereafter, at ~he opt~on of seid MORTGAGEE. as fully m~d completety as if alf of ahr sa:d sums of money xere or~g~;ia~'.y shpvlated
ro be pa~d on such day, anyt~;ing in sa,d pro~n~ssory note o~ in th+s Mo~tgage to the cOmrary notwrthsta~,d~ng; and thrrevpon or 1}krealte~ af the op~~on of
s,,d MORTGAGEE, w~thout nonce or demand, su~t at ~aw or in equity, therefore or thereafter beg~n, may be prosecuted as ~f al! moneys secwed hereby
n_d marured pr,or fo .ts irutitvt~on.
7. lhat in the event ~hat at the bcginn~ng of or at any time pend~ng any su~t upon this Mongage, or to foreclose it, or to reform it, or to enforce
~~vment of any t!a~ma hereunder. said MORTGAGEE shall appiy to the Covr~ having ~urisd~n~on tnereof for the appo~nt~nent oF e Receive~, such Court shail
fcrrhwith appc+nt a receivei of sa;d mo~tgaged prooerty aIl and sing~lar, includ:n9 all and singular ti;e income, prol~ts, iss~es and revenves from whatever
se~~ce den~ed. each m~d every ot wh~ch, it be]ng expressly understood, ia hereby mortgaged as if speaficaily~T 4e~sh.and described in the gra~ting nnd
habendum clavses hereof, and such Receiver shall have all the broad and efiect;ve f~nct,ons and powers in anyw~se entwsted by a Ccur~ to a Recriver, and
s_ch appointment shalt ~r m.ade by such Court as an admitted equoy and a matter of absol~te right to said MORiGAGEE, and ~vithcut reference to the
a,+._yuacy or inae~eq~acy of the vaiue o! the property mortgaged or fo the soive~xy or insowency o1 said MOR(GAGOR or the deie•~dams, and fha~ euch
re~:rs, prof+ts, inco,ne, issues and revenues shall be applied by such Receiver accord~ng to the lien ot equity of sa~d MORiGAGEE ar,d the p~actice of such
Court.
8. To d~'y, promptty a+x! f~lly perform, discharge, execute, effect, complete, comply wi~h and abide by each and every the stiputations, agreements,
conditiorts and covenanrs ~n sa~d promissory note and fh;s morrga~e set forrh.
9. That in fhe eve~t the ownership of the mortgaged prem~aes, or any part thereof, becames vested in a person other than the MORTGAGOR, the
~.+,ORTGAGEE, its successors and ass~gns, may, wi~hout noirce to the MORTGApR, deal wnh such successor w successor ~n imerESt with ~eference to this
n o•tgage and the d.ut hereby secured in the same manner as wnh 1Ao~rgago. without in any way vitlating or d~scharg~ng the Mortgagorf Iiabildy here-
:~der or upo~ the drbr he•eby secured. No salt of ti,e Fre~niies hzreby mortgaged and no torbearence on fhe parr oi the IAORTGAGEE or in successo.s
or ass~gns and no exrzns,on of the time fw the paymeM of the debt hereby sec~r~d given by the MORTGAGEE or its successors ot ass~gns, a+iall operate
r~ re!erse, d~scharge, mod~ty change or a4fect the orig;nal liab;Lty of the MORIGAGOR here~n, either in whole or in part.
10. h is spec f;cati~ agreed that time is of the essence of this contract and that no wai~er oi any ob!fgat~on hereunder or of the obligation sr
cured hereby sha;~ ar anr f~me ~herea+fer be hetd to be a waiver of the terms hereof or of the inatrumem secured herby.
1 t. In ,;.zd Y:-~ ;~o the forege ~,g rnonth!y paym^nts of princ paI and interest required by rhe prom"ssery no'r soc~red hereb/, mortgagor covenants
~~d agrees to pay ro ~~~.crtgagee v~~th each monthiy pay~ :ent an add~r~onal s~m ~•st~n•ared by mortgagee to be equal to 1 12 of the annual cost of the follow-
,~a:
A-A~i reai rroperty taxrs lev~ed o+ assesseo dga~•~st the above describcd real estate.
B-Pr ~~r. ,;s o~ f:re a~d wmdstorm msuracce as here~n requ:red to be carried on the ;m~roveme~ts s~t~ate on th¢ above described prem~ses.
C-Pre~• s or~ such n:ortg;ge guarar.ry insuta:.ce as mo~tyagee shail from t:me to time deem fit to carry on the loan secured hereby.
n;orrgcgez si-•'t !.om r~me to nme ~of~fy martgagcr ;n writ~~g of the amount due end payable hereundrr and such su~~ shalt thereupon be due and
:.;ab!e on the d~e da~e of rhe nest ~~,o~+hiy payme:~t and each s~ccessive monrh thereafter ur.til moitgagee shall notify rnortgagor of a change in svch
:"'~OVR1. SUCh w:ns s~ :~e appGed b~~ mongagee roward the payment of real property taaes, insurance pre~»:ums. and mortgage guara~rty insurance
c'e~r,iums.
~':ITNES~ N1HfRCOf *ne sa~d MORTGAGpR ha f~r fl~o~De~~~o~?x day and year first atoresa~d.
Si ned, Seat and de!i in ~he ~esrnce of.ST. LUCIE COUNTY: FIA.''
- R~:COR V R FIF ~~e1~
" Seal)
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S~:.TE OF FIORIDA 14)Lji)~~~7
COUNiY OF St . Lucie ~R(~ER P0~1'fRrAS -
eefore me persona;ly appeared •1@SSE ".li~7Rt~@t`dHQ' ~~beth Miller, t11S Qlf@~ snd
1'ridA~Clll'1 A. Harris and Valerie V. •Harxis, his wife, to me well known end known to me to be
rne individuals desuibed in and who eaecuted the foregoiny instrument, ~nd Kknowledged befwe me that they executed the same for tF~e purposes
~~e«~~ ~x~.~3:~d. n„d f~ .a~d_ Blizabeth Mi21er. wife of the said Jesse J. Miller, and
w~ie-oi~l~e•w;i ~(~~lP V. HalYls~ r1~Q~ Of ?~ie said F]~anlcl~t~ A Narri e upon • separate and privare
e,am~nai,on by me taken sepa.ate .nd apart fromlhs said husbancl~ acknowtedgeG to and,before me that ~executed said instrumrnt frcely and volun-
~ar~ly and w~thout any compulsion, constraint, app~ehens~~ or fear of or fromlhei ssid husb~nd~.
WITNESS my hand and oif~uat seal this___~9"' dey of e teaber _ a p ~y '7O
it / -
No1ary P ic in •nd for the tate oi Ftorids ~t luye
My C ission expires: ~ ~
Retum To.
firit federal Sa+ings d loan A~sociahon . .'~n Q! ~e ~t ~~r9F
Of iurr P. •ce ~ ' 1~~~
. . ~~;x:r~ b, _
Fon G,er<e. flonda ' Was~d M A~M~ f~l~ (~Y ~
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This Instrument Prepared By Ri.Chard K. ~Clt~~ ~ ~ '
First Federal Savings ~ Loan Association ~ ;
of Fort Pierce, Rlorida Q.,~ scv~~
~p ''~,r~'p~•.. p~
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: Checked ByL~,~__-_~-- S.: j .
; ~~H~±~,i,,.,~. ~ R 18~ ~'t3
I 800K ~'AGt
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