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HomeMy WebLinkAbout0134 J. To plac~ ~nd cont~nvouily ks~p on ~i» bu~!d~nq~ now a M~~~It~? ~itw~~ on ~aid la+d ~nd on ~II e~uip~nen? ~nd p.ryo~~tly co•.er~-d by ma?~ aQ~. wilh ~11 p~~mium~ thereon pa~d +n IuU, fir~ inw~anc~ in ~h~ uiuai ~tand+rd pohty torm, in • 1um approved Sy dx MOR~'vAGEE, and w~ndttam • l++~waece in ~M usual s~andud pol~cy ipm, in a tum ~pprovud by the MORIGAGFF. in iucA company w canpan~es s~ the MORIGAGFE ma~ dirKtj ~nd ail lir~ and w~odsa.m in~wanc~ poliues o~ ~~y o( sa~d bv~id,nps. ~ny int~re~l therein a p+r~ thercoi, i~ ~he ayg~~•ye~e sum atoreia~d a in ~xcet~ Ihe~eot, ~11 confa;n ~M utwl tt~ndard mort9~yN claus~ a such otixr ctaus~ ai ~M Matyayee m~y requ~re. ma?~r,~ ~he io~s u~xk~ sa~d polt cie~, ~~th and evKy, payabN to uid MORiGAGEE p its interesl may appear, and atich aod avery tuch poi~cy shell be p~ompuy ais gnrd aod de~~~errd ~o •ny held by sud MORTGAGEE a(urthe~ saurity lo said ma~yaya debt, and, nol leu 1F.~n ten (10) days in advrnce oi the eip~rslion of each policy, to da ; Gvfr to taid MORTGAGEE • renewal tMrw(, loqetl+~r with a rece~pt fo~ ~he p~emium of ~uch rs~ewal; and ~here ahall tx no fae or winds~orm in~urance = p~~c~d on any of ia~d build~ngi, any interetl thaein or psrl the~eof, unfe~a in tFK form ~nd wiih tM los~ payable as afaeia~d; and i~ 1he evem a~y ium f~ af ^+on~Y betpMS p+Y+ble w+d~? such policy a polities aid MORTGAGfE shall havs tM opt~on to rece~ve and app~y tne ser~ro on account o! the indub~cd- 1 neu ~ecur~ MaQby Or b ps~mit said MORTGAGORS lo receive and us~ it a any parf thereol ta osixr ~ur~~oses. .•.nh~.:t ~h ~r, ui wa:.~ ~7 or ~•n~r ~ny any equlry, lien w ~ight urde~ w by virtw of thw mwrqa~e; and in ~hs event ~a~d MORiGAGORS shatl fa any reason (a~l to keep ~he ~a~d prem~ies so + in~ured, p fafl f0 detiver promptly ~ny Of taid politie~ o) inturante fo said MORiGAGEE, ot fail promptly to pay tu~ly any pre~~~~um therefor or in any respea fail ro ptr(pn~, discharge, execute, e(fect, complete, comply wi~h and abide by this covanant, a any part hereof, sa~d MORTGAGEE may piace :nd pay fcv such iro~rance o~ ~ny part thereo( withovl waivinp w aff«+iny soy option, tien, eqv~ty, w r~ght undr? or by v;~?ua ol ~h;s Matgage, and the full amount o! tacA and svtry such paymeM ihall b~ irtunedistely due and payabla and shall bear iroeres~ from the dats thereoF until pa~d at the rate ot nine pe~ centum pe~ ~nnum and to~ether with such interest shali be sccured by the lien of this mortgsge. To permit, tommit or suffer no wsste, imp~irrtxM o~ deteraration of said property w any part thereof. 5. To pay ~II and sinpulu the costs, charpcs and expenses, inctuding a reasonable attorney'i fee and tosts of abstratts o( t~He, incurred or paid at any time by wid MORTGAGEE, becaux or in the eveot of the fa~lure o~ tFK pa~t of ~he said MORiGAGOR to d~~y, prompNy and fully pzrlwm, d~scharge. execute, efied, complete, comply w~th and ~b~de by each and every ~he stipulano~s, agreemems, condiGons, and covenants of sa~d promissory ~ote and th;~ morrgage a~y or either, and said costs, cMryes and expenses, each and every, thall be immrdiately due and payab~e; wherher or not there be no+~ce dr mand, attempt to collect q suit pend~ng; and ihe ful) amount of each and every such payment shalt bes. interes~ from the date thereof until paid ~I the rate of rtine pe~ censum pe~ am~um; and aU said tosts, cher~es and expenses ir~turred or paid, ~ognJhei w~th svth imerest, shall be secured by the I~en oi Ihi~ matyaye. 5. That (a) i~ the event of any breach of this Mwtga9e w default on the part of the MORiGAGOR, cr ;b) in 1he event a~y of sa;d sums of mo~eey , he?ei~ referred to be rat promptty and fvlly paid within thirty (30; days next after the same severafly become due and payable, without demand or notlce, or in the evenl each ar+d every the stipufations, sgreemems, conditions and covenanta o1 sa.d promiswry no~e and th;s mortgage any w either a.e ~ot iuty, prompNy and futly psrfwmed, d~uharged, eaecuted, ei~ected, completed, compl~ed with and ab~ded ~iy, then io e~~her or any such evenr ihs sa~d ag gr¢gate wm menr'qoed in said promissory note then rema;ning vr+pa~d, with i~terest accrued, and all morteys secured hereby, shall become due and pay able fwthwith, o~ thereafte~, ~I the option of said N~ORTGAGEE, ai fully a~d completety as if all of the said sums of rnoney were wginally sl~pulated to be paid on such day, anything in sa:d promissory note w in this Matgage to the contrary nofwiths/a~~d:ng; and thereupon or thereafter al the opt~on of sa~d MORTGAGEE, wiihout norice w demand, suit at Iaw or in equity, therefwe or 1FKreaf~er begun, may be prosecuted as if all moneys secured hereby had maeured pnpr to its inatitution. 7. That in the event that at the beginnir?g of w at a~y ~ime pendirtq any suit upon this Mortgage, a to foreclose ;t, w to relorm i?, or ~o enforce ~ayment of sny claims hereonder, said MORTGAGEE shall apply to the Court having jurisdlctio~ thereof fa the appo~ntmem of a Receiver, such Cour~ shall forthwith appoint s receivea of said mortgaged proQerty all and si~gular, includ~ng ail and singular the incon~e, prof~ts, issues and revenues f~om whatever source derived, each ar~d every of whtch, it beir~q expressly unders~ood, is hereby morrgaged as if speuficalty set forth and deuribed in the graneing and habendil~n clavses hcreof, and suth Receiver ahall have all the broad and effective funct~ons and powers in anywise entrus*ed by a Cour~ to a Receiver, and s~~h appointment shall be made by such Court as an admitted equity and a matter of absolute ?ighf to said MORiGAGEE, and without refe.ence to the edequacy a inadeqvacy of the val~e of the prope~ry mortgaged or to the wivency w insolvency of said MORiGAGOR or the defendants, and that such ren~s, profin, income, issves aod revenues shall be applied by such Receiver accwd~ng to the lien w equity of said MORiGAGfE and the practice of such Covrt. 8. To duly, promptty snd fully perform, discharge, execute, effect, mmplete, compiy with end abide by each and every the stipulations, agreements, ronditio~s and corenants in said p?omissory note and this mortgsge set fa~h. 9_ That in the event the ownership of the mortgayed premises, or any part 1lxreof, becomcs vesfed in a perso~ other than the MORTGAGOR, the MORTGAGEE, its successors and ~u~gns, may, without notice to 1he AM1ORTGAOR, deal wi?h such auccesso~ or successw in i~terest wi~h reierence to this . mortgage and the debt hereby secured in the aame manner as with Mortgagw without in any way vitiating a discharging the Mortgagori liability Fiere- under or upon the debt hereby secur~. No sale of rhe Fremises hereby mortgaged and no forbearance on the part of 1he MORTGAGEE or its succassors or aasigns and no extens~on ot the time fa the paymenl of the debf hereby secured given by the MORTGAGE~ or i~s successors a au~gns, ahall opeiate ~ ro releau, d~xharge, modify change or affect the original liability of the MORTGAGOR herein, either in whole or in part. 't 10. It is spec~ticalty agreed that time is of the esu~ce of this contract and that rw waiver of any obligat;on hereunder w of fhe obligation se- { c~red heteby shali at ar.y time'thereafter be he:d to be a waiver o( the terms he~eof or of the instrument secured herby: 11. In add~tio~ to the fwego'ng monthly payments of princ pal and interest requ~red by the prom~ssory no!e secured hereby, mortg~gar covenants and agrees to pay to mo:tgagee w•~th eacF~ monthly payment an add~rional sum est~mated by mortgagee fo be eq~al to l;' 12 of the artnua! cost of the folJow- ing: A-All reat p?operty taxes levied or assessed agai~st the above dexribed real estate. B-Prem~ums on fire arsd windstorm insurance as herein requ;red to be carrigd on the :mproveme~ts sit~ate on ihe above descrioed premises. C-Premiums on such mottgagp guaranty insurar.te as mwtgagee shatl irom t~me to time deem fit to carry on the ban secured hereby. Mortgagee sha!! from time to time notify mwtgagor in writ~ng of tne amovnt due and payable hereundar and such surn ahall thereupon be due and F.ayable on the due date of rhe rsext monthly payme~t and eath successive month thereafter ur,tii mwtgagee shali notify mortgagor of a change in s~ch amount. $uch sums sF.ail be apptied by mortgagee toward the payment of reaf property taxes, i~suraxe paem:ums, and mortgage guaranty insurance oremiums. IN WITNESS ?YHEREOF, the said INORTGAGOR has hereunto xt his hand and seal the day and year first aforesaid. ~gne Seakd a de 'v ed in the presente of: ~ . an , D tseery ~ aq ~ - Karin W. Hartshorn SiATE OF fLOR10A • ~ couNn oF - St. Luc~e } u' ~ s~f«e ~~~~~y,~a.~d Gordon D. Hartahnrn e~ KArin A~+t$.~'f(~~+i3 his wife, to me welt known and known to me to be tha indiv?dwls dexribed in and who executed the foregoing inst~ument, and acknowledged befwe me thet they execvted the same fw the purposes ~hereio expresud. And the said Kari n W ~8I' shern wife af the said Gordon D ~pon a xparate and private examinaY~on by me taken separate and apaA from t~er said fivsband, adcnowledged to and befwe me that she executed said instrument freejy and volun- rar;ty and w~tbwit sny compuisar?, co~straint, apprehens;on, o fear of w from her said hustsand. WITNESS my hand and official seal thi _ day of D@C8211UA2' A. D. 19.~~ • ___!_r~~~l • Notary Public in and (or the State of Fbrids ~t tar9e Retum To: , My Commission expirei: First Feder~l Ssvi s 8 lwn ~ssoc~a~~on `,.~~"~••u~uq~~~;~..; NQTAIt'/ PUBLlG. STATE Of E10RfAA AT lJI~E ~ ' ~ 1~~:~~~'.~ MY C-~: :tt . ^~1 EXPIRES SEPT. 23, 1973 . Of Fort P~erte. ~ ~ _ ` ~b~ c~,~_.~ tn+..t Fr_o ~ DIEtiELHORSi For. Pierce, flwida Q~ 6~t I : r` ~ v : lE0 ANQ AE~p~ ~ r ~ f,~~;, ^ s~.lUC1E COUNTY , ~ ; ' . f ~ CIERKCC HCtalIT CO~At • i This I~strument Pre ared 8 J D C P Y . . ~8r9~~ ; RECORO VEHIFIEO~. First Federal Savings b loan Association ' % • ~ ..Q . ~ ~ i of Fort Pierce ~ Fl or i da r/'. ~1- ~C ~A ~ ; \ L 2~ PN'10 Checked By~ ~ 2~2413 ~~~89 ~ ~34 ~ i . r. c ~~`~t~' „•~s.~ '~"e~~~ . ~ ~ . _ I ~ A ~T'i v+~ ':"tcr ti~~"x`~~~