HomeMy WebLinkAbout2402 3. To plac~ and tonli~uously ke~p o~ Ihe buitdiny~ now a 1+~r~aftN ~ituat~ on ~a~d Iand and on sl! cqui~nent and personally cove~ed by ~hi~ mor~p-
p~, with all prsmiums tAareoe? pa~d ie 1u11, fir~ insuranc~ in tM wwt ~r~ndard po1Ky fo.m, in a wm app~ov~d b~ the MOR~GAGEE, a~~d winditorm
insu~~e+c~ in tM uiual ie~ndard pol~cy (am, i~ a ~~m approv~d by ~h~ MORiGAGEE. i~~ ~~rch company w cwnpan~es aa ~h~ MORtGAGEE may
dir~c~t and •11 ii~~ ~nd wind~?orm insurante polic~i on ~ny of sa~d build~ny~, ~ny iM~re~~ thpein a pan therwf, in fhe aflqrep~~e ~um ~tpeNid o~
!n ~YCas tMrwf, ~MII contain the usual st~~dard mortyaflN claus~ a such otMr cl.~~~ ~M Ma~peye~ may rcqu~re, ma?~ny ths ~os~ undN ~a+d poli~
ci~~, ~ach ~nd ~very, payabl~ ~o said MORTGAGEE ~s its intereit m~y ~ppea~. ~nd aach ~~+d eve~y such poi:cy ~hall b~ promp~ly ~ii yned and d~~ivered ~o'
iny Mld by s~id AAOR(GAGEE as furtF?N security to ~aid mwt~~pe d~b~, and, nW lesa 1Mn ten (10) dayf in advance oi ~he eawral~on o1 eath poticy, ~o de-
IivM to wid MORTGAGEE • r~new~l theteof, top~tMr with a ret~ipt fa ths ptmium o( such renewal; and ~he~t shall be no i~~e o~ wi~,ds~w~n imura~ce
pt~ad on any of aid b~ildin~s. •~y intertit ther~in or part th~~wf, vnle» in ihe form and with tM ~oss payable as aEoresaid; ~nd in the •vc~1 +nY sum
of nqn~y become~ payaWe uoJsr such policy a polici~s ieid MORTGAGEE sMlt Mve ~he optwn to ~ece]ve e~d apply rhe same on accovnt of the i~~debted-
n~ss s~twed hereb~ o? ~o ps~mil said MORTGAGORS ro?et~iv~ u~d vf~ if p any part thrreof fo~ oihcr purFwsrs, w~~lw~~ ih~r~u~ wa~~~~~ or uupmr•
irp any pu~ry, lien a ri9h1 u~ o~ by v+:iva of this mwt9apr, ~nd in tM ~vent sa+d MORTGAGORS shall (a any reason fail to keep the sa~d prem~srs so
iruwed, o~ f~il ro deliver promplly any of iaid polKies of inw~anc~ to sa~d MORTGAGEE, or fai! pr~mptly to pay tully any p~e~~~~um ~he~elor a in a~y
r~~p~ct tail b pafonn, discha~ge, execute, effKt, tomplefs, compty witA and ~bid~ by Ihii covenanf, p any part hrreof, sa~d MORTGAGEE may place a~d
paY for iuch irauranc~ ar an~ ~rart lhertof without w+ivinp w aitectinp ~ny op~~on. Ifen, equ~ty, o~ r~gh~ under o~ by virwt ol ~his Mw~qaSpe. u+d the
full amavnt of ~ach a~d ~vny iuch p~yment shall b~ immediately dw and peyable and shall bea. ~n~erc~~ trom ~he date thereol uroil paid a ihe rare o1
nine pe~ ceorvm pK ~nnum and ~ogeiher wiih iuch i~~erest shall be secured by tM lien of eh~s mcutgaga.
1. To p~rmit, commit or wtfa no wast~, impairment or dete~ar~tion of uid property or ~ny pan the.eo(.
S. To pay all and sinpul~? fhe coits, tha?pes a~d exptnses, includiny a reasonsble a~~orney's fee st+d cosb of abstrac~s of t~tle, incurred w pa~d st
any tirrh by said MORTGAGfE, because a in 1he ewro o( the lailurc on the parf of fM said MORTGAGOR to duty, promp~ly ~r+d fully per(orm, d~uharg~.
execut~. etiect, complet~, comply wdh and ab:de by each and eveay the ~tipvi~uons, sgreements, condifiwu, and covenanrs oi sa.d prom+ssory nore and rhis
mortyyt or ei~her, a~ ia~d costs, cMryef •nd eaper+ses, each and evcry, sMll be immird~atrly due and pay~bte; whether w ~a~ there be no+~ce dr
msnd, attempt to mllect w svit psnd~n~; aod the full artavM of each and eve?y such payment shall bea. in~erest from the date ~hereof until paid at the
rate of ni~ ptr ce~tum per annum; and all said costs, charges ~nd eapanxs inturred or paid, ~oge~her w~th auth interes/, shall be seturcd by ~he I~en o1 th:~
'^wtp~• .
4. That (a) in the ~v~nt of any breach of this JNortya~e a deiauh o~ the part o( fhe M02TGAGOR, o. (b) in ~he eYent any of sa.d svms of money
her~in rc(e~red to be not prompNy and fully paid within ~hirty (30) d~ys ~est afrer ~he same severo:ty becon~e due and payable, wi~iwut demand a notice,
or in the evem each and every tl+e stiputatans, agrsements, cond'+tia+s and covenants of sa.d prom~swry no~e and th.s mortgage a~y o? c~rher ar~ nd
ivly, pompHy ~nd tully performed, d~uhar~ed, executed, eftected, compk~ed, compl~ed w~~h snd ab+ded Sy, ~hen in e~ther or any such event tM ta~d a¢
9regat~ wm mentio.~ed in said promiuory note then remai~irg ~npa~d, with :ntereil accr~ed, and aH moneys secured hereby, shatl become due and pay-
eble fathwith, w thereafter, at the opt~on of iaid MORiGAGEE, as ~ully and comple~ely as i1 all of ti,e said sums ol money we%e o+~ginally ~upulatcd
to b~ p+~id on s~ch day, anythinp in sa~d prarissory nofe w in this A4ortgage ta the contra~y notwirhs~and~~~g; and thereupon or thereefte~ ~1 Ihe opno~ of
seid MORTGAGEE, without notice or demand, suit N law or in equity, :hc~e~we or thereafter be9un, may be prosecuted as if all moneys secured hereby
had m~turld pr~w lo its irutitution.
7. TMt in tl+e event that at the begi~n~np of a ~t sny time pending any sv~t upon this Matgage, w to iweclose it, w to reiwm it, w to enforc~
payment of ~ny tiaims hereunder, said MORTGAGEE shall ~pply to the Court h~vieg lurnd~won thereol fo~ the appo~ntment of a Rece+ver, tuch Coun shaU
Forthwith appoint a receiver of said mo~tgaged proQerty all ~nd sirgula?, ir+clud~ng sll and singuiar the income, p~ot~ts, iss~es and revenues from w~a!ever
wurce de+ived, each ~nd every oi which, it be~rg expressty understood, is he~eby mo.~gaged as ~f ipcc~f~cally set fw~h and deuribed in ~he y~annrg a~+d
hebendum ctavses hereof, and such Receiver shall have all the boad and effecrive funcnons ar~d powcTS in anyw~se ent~usied by a Cwrt to a Receiver, and
•uch appointmrnt shall be made by such Court as ~n admined equ~ty snd a ma»e~ of abwlu~e nght to said MORTGAGEE, and without re(erence lo the
sdequacy os- inadeqwcy of tt~e valut o~ the properry mortys~ed or to the solvency e. msoivency of said MORiGAGOR a the defendams, and tMt such
renn, profin, incane, issues and reveoues shall b~ appfiw! by suth Receiver accordmq to the I~en a equity oi uid INORTGAGEE and the prxtice of such
Cowf. ~
8_ To duty, promptly and fv1ly pe~form, dixhar~, exacut~, effect, complete, comply with an~ ablde by each a~d every the stipvlet~ons, ~greeinents,
conditions a~d covenants in sa~d promissory nor~ and this mortyage set forth_
9. That in the event tF~e ownership of the mwtgsqed premises, w sny part thercof, becomes vested in • person other than the MORTGAGOR, tM
MORTGAGEE, its successas and auigns, may, withou? notice to the MORTGAOR, deal with such successa or successor in interest wi~h reference fo this
mw~9ape and the debt hereby setured in the same ma~ner aa with Nbrtgagor without in a~y way vit~ating a d~xharging the Mortyaypri liability herr
undcr or uFwn the debt hereby secured. No ssle of the premise~ hereby mortgaged and no forbearance on Ihe pan oi the MORTGAGEE w its iuccesson
or assg~+s and no extens~on ot the time tor the payment of the debt hereby sccvred given by the MORTGAGE'_ or its auccesso~s w au~yns, siull operate
to relcast, d~scharQe, mod~fy change w affect the origi~al liab~l~ty of the MORTGAGOR herein, eithe~ in whoie or in part.
10. It is specifically egreed that time is of the casence of Ihis contract and that no waiver of any obf~garion hereundcr a of the obligation se-
cured hereby shali at any time thereafter be held to be a w~iver o( tFie terms hereol o~ o( the instrumeM secured he~by.
11. In add:tion to the fo~ego:ng monthty payments of princ pal and interest requ~red by the pro~n~ssory nore secured hereby, mortgagor covenants
and agrees to pay to mortgagee vrith each mo~thly paymeM an add~~ional wm es~,mated by mortyagee to be equal to 1, 12 oF the annual cost of the follow-
. in9: .
A-All real property taxes levied or assessed aga~nst 1he above described real esta?a
B-Premiums o~ fro and wirtdstorm insura~ce as here~n +equ:red to be carried on the improvemeats s~tuate on the above described premises.
C-Premiums on such mortgage gwranty i~surar.ce as mortgagee sF»II f~om time to time deem fit to tarry on the loan secured hereby.
Mortgagee sha+l f.om time to time notify mortgagor in writing of the amo~~t d~e ard payable hereundrr arsd s~ch sum shall thereupon be due and
j Fayabk on the due date of the next month:y payment and each successive monfh thereait~r ur.til mortgagee shall notify mortgagor of a change in such
amo~nt. $uch sums shaii be applied by mortgagee towsrd the payrt+ent of real property taaes, insurance prem:ums, a~d rr.ortgage guaranfy inwrance
E P'emiums. '
j IN WITNESS WHER[Of. the said ARORTGAGOR has hereunto set his hand and seal the day and ear fint a~ id.
E . Siqew Seakd d delive~e ' e preserxe of:
R ' .n
S ' ~-~V.-- -~c iSea~
~ His + Mazk - sah Zac
~ n
STATE OF FLORIOA ~
St . Luc i e
couNnr oF
dsfae me penonally app~a?ed Rranklin A. Harris and Valerie V. Harris~ his wife .,,d
Issah ZaeLary and Minnie ~E~ ~C~3iZjI his wife, to me well known and known b me to b~
the individwb descriced in and who execvted the fwpoiny inatrument, and actrawledped before me tMt they executed the same fa the purposes
~,~~a. a~a t~,. ,,;d Valerie V. Harris, wife of the said Rzanklin A. Harris a?«d
~ Miffiie Mae Zachary wife of the said I:sah 2~char~. ,,,d P,;,,•,.
exem~nsian by me taken separate and apart from her said husbandf~ckrawledged ro+nd be;ore rn~ that ~ executed said instrument keely ~nd volwr .
~ ~ar~ly and w~thovt aoy compulsion. constraint, appreMns~feu of w frocr~e~~ Fwsban~ t~1~y/
~ zw
r WITNESS my hand snd oHiual xal this ~ 7 day of A O. 19~
~ #
~ • FIlEO AVi? ~ECORQ Not Public in ~nd fw t Statt of F{orida t l~ry~
st. ~uei~ cauNTr iL~• My Cvmm~ssion ea rea:
~ Return io: RO~rf A PJ1Tit~S ~ ' ~~F`''~~~~. •~~~~~~i
~ f~nt Fede~~l Sa~~ s 3 tw~ ~?ssoc~nr~w+ ClfRl~ CiF,CUIt COUR - 71 ti~`~~`~QK..~~~~'a
¢ ~
aECOao vEa~F~fo - ~ :
~ O~ Fort P,erce. ' ' ~ '
~ •s,A. t'
~ Fwt Pie~ca Flw~da ~ ~ ~ ' V ~ ~ ~ S
. ~ .
~ M~Y 28 03 = ' '
~
~ 2099~.8 = ~ ~ ~ : ~ =
~ = ~ •
pa Y Richard K. Ka ~ ; o~
~ This Instrument Pre red B yes I-~ir~ Ja.:~~`~ ,f fv~;
~ First Federal Savings b loan Association .•,;G:t ~t
~ - of Fo~t Piercey Florida ~ i3.,
~ ~f~ ,ti
U1eC~C~ B • -
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~ aaoK 1y2
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