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Home My WebLink About1333 To place and conlinuously keep on the bui'dings ~ow or hereafter ~ifuete on sa~d land and on alt equipmen? and pe~sonstly cove~ed by th~s mor ege, with all premiums thereon pa:d in full, fire in~~ranc~ ~n ~he usual s~andard pot~ty form, in • s~m app~ovcd by thr MOR~iaAGEE, and wn,dnro ~nsurance in ~he wual i+andard poLcy fo~m, in a sum approred by iha MORiGAGEE, in such canpany or compan.es as fhe r'ORTvAGEE m d~rect; and all fire and w~ndstorm inaurante policies o~ any of said b~,ild~ngs, any inte~esl the~ein or parl thrreat, io the aggregaro w~n atoresaid in exceu thereof, shall contain the usual eta~~dard mortgagee claute w~uch o~her cleuse as ths Matgagee may ~eq~~~e, maki~g the toas u~~dr~ sa~d po c~es, each and eve~y, payable to sa~d MORTGAGEE as ~ts ime~est may appea?, and each and every such po!~cy aha~l be prompt~y ass gned o~~d de~~.rred 1 any held by sald MORiGAGEE as (u~~her security to said mo~tgage d,bt, and, not leas than ten (101 days in advaoce of ifie expira~.on of each poi~cy, to d I;~er to said MOR~GAGEE a renewal ~hereof, toge~her wiih a recti~p~ fw the premlum of such renewai; and ~here shall be no hre o~ w+ndsw~~~ insuranc placed on a~y of sa~d build~ngs, ~ny interest there~n w part thereof, un;ess in the (o~m a~:d wi~h the loss payable as a(oresa~d; and in ihr event any su~ of money becomes payabte under such policy w pofcies said MORTGAGEE ~hall have !he opt~on to recrive a:id app!y the same on accoun~ of ~he ~~~drb~~d ness secured hereby w to permit sa~d MORTGAGORS to receive and use it or any pa~r thc:eof tor ooi,cr pur.~oses. w~+ho~t th u~ \V3~v1 ~3 ~~~:p~~~ mg any equ~ty, lien w right under or by virtue o1 this mo:'gage; and in the event sa~d MOdTGAGORS shall for any reason iail to keep the sa~d prem~ses so ~nwred, o~ fail to deliver prwnpNy any of sa~d po~rc~es of insurance to said MORTGAGEE, a fail promptty to pay fuUy any pren~ium the~~~or a m any respect fail ~o perForm, discha~ge, execute, eifect, comp~ete, comply wi~h and abide by th~s covenant, or any p~~t hareo(, sa~d MGRTGAGEE may pidce a~o pay for such insurance or any parl thereof withoul waivi~g or affecting any option, lien, equ~ty, or r~gh? under or by virtue of rhis Mortgage, a~d :hc 4~tI amoum of each and every such payment shall be immediately d~e and payable and shall bear imerest from the date thereof umil p~id at ihe ra~e ol n:~~e per centum per a~num and to~rther v.ifh such inreres~ shafl br srwred by the lien of this mortgage. 1. To permit, commit w suffer no waste, impairment o~ deterioratio~ of said property ot any part thereof. S. To pay sll and singular the costs, charges and expenses, including a reasonable attorney's fee and cos~s of abstracts of title, incurred or paid a~ any t~me by said MORTGAG'.E, because w in the event oi the fa~lure on ~he pa~t of the said MORTGAGOR to duly, promptly and futly perfwm, d~scharge. ~xecute, effect, complete, compSy w~?h and ab;de by each and every the sripula~~ons, agreements, condit~ons, and covenants of sa~d prom~ssory note end ~h~s ~:ortgage any or e~ther, and sa;d costs, charges and expenses, each and every, shall be immediately d~e and payabte; whethe~ o~ not there be no~~ce de mand, atfempt to collKt or suit pending; and Ihe full amount of each and e~ery suth payment shal~ bear interes~ from tAe date the~eof unlil pa~d at the ~.~re os nine per cenr~m per annurn; and all said costs, charges and eapenses incurred or paid, together w~th :uch imerest, shall be sec~red by the ~~eo of th~~ mortgage. 6. That (a) in the evenf of any breach of this Mortgage or defsult on the part of the MORTGAGOR, or (b) i~ the event any of sa:d s~ms of money herein refe.red to be not promptly and fully paid wiihin ~h;rty t30) days next a4ter the same severa:fy become due and payab!e, without de~nand or not~ce, or in the evcnt cach and every the stip~~lntions, a9reemer,ts, cond~rions and covenants of sa d prom~ssory oote and th~s mortgage any or eithe? are no1 3 ~v'y, promptly and fully performed, d~scharged, execvted, effected, completcd, cempl~ed with and ab~ded Sy, tfien in e~ther w any s~ch event ~he sa~d ag gregate sum mentioned in said promisswy note then remaining unpaid, with inte~est accr~ed, and ait moneys secured hereby, shatl become due and pay- ~ a~'z forthwith, w thereafter, at the oprion of aaid MORTGAGEE, aa fuSly and complerety as if all of ~he sa~d sums of money were or~g~nally s~~pulated t ro be pa:d on such day, anything in sa:d prom~ssory note or in this Mwtgage to ~he conrrary notw~thstand~ng; and thereupon or thereaiter at the opt~on of s>:d MORTGAGEE, wrthout not:ce w demand, suit at law o? in equity, therefo~e or thereafte~ begun, may be prosecuted as if all moneys secured hereby i r,,d maturcd pnor Io rts instituhon. ~ 7. That in the event that at~the beginning o} or at any time pending any suit upon this Mortgage, o~ to fpeclose it, or to re~orm it, or to enforce payment of any cla~ms hereunder, said MORTGAGEE sha? apply to the Cou~~ having ~ur~sd~ctio~ thereof fw ihe appo~ntment of a Receiver, such Cour~ sha11 rc~thwirh appo~nt a receiver o( said mortgaged property a:l and singular, includ~ng au and s~ngu~ar ~he income, prohts, issues a~d revenuea from whate~er seu~ce derived, each and every of wh;ch, ft be~ng expreasly understood, is hereby mortgaged as if spec~fically set forth and desa~brd in the g~anting and ; h+~ndum clauses hereof, aod such 8ecriver s~all have ail the br~d and ef9ecNve funct,ons and powers in anyw~se emrusted by a Cou.t to a Receiver, and i s_ch appointment shatl be made by u~ch Court as an admitted equity artd a rnatter of absolure right to said MORTGAGEE, a~d without reference ~o ~he } adequacy w inadequaty of the value of the property mortgaged or to the so;vency or inso!vency of said MORTGAGOR or the defenda~ts, and that such ~ ~•.•fs, profits, incane, issues and revenues shall be applied by such Recelver accord~ng to the lien or equity of uid MORTGAGEE and the pract~ce oi such Court, f 8. To d~ly, promptly and fully perform, d~scharge, execute, cffect, compfete, comply with and abide by each and every the stipulations, agreements, cor.d~tions and covenants ~n sa~d promissory note and th:s mortgage set fo~th. , t 9. That in the event the ownership of the mortgaged prem~ses, or any part thereof, becomcs vested in s person other than the MORTGAGOR, the ; ti'ORTGAGEE, iu svccessws and ass~gns, may, withou~ no~ice to the MORTGAOR, deal w~~h wch successor or successor in iMerest with reference to this j ~ o•~gage and the deb~ hereby secured in the same manner as w~th Mortgago. w~thout in any way vit~ating a diuharging the Mortgagors' li~bility here- ; :.~dar or upon the debt hereby sec~red. No sale of the Fremises hereby mortgaged and no lorbearance on the part of the MORTGAGEE or its successors vr ass~g~s and no extens~on of rhe time for the payment of the drbt hereby sxu~ed given by the MORTGAGEE or its successors or assigns, ahall operate ro re~ease, d~xharge, modify change or aflect the orig~nat liab~l~ty of the MORTGAGOR herein, either in whole or in part. 10. It is spec:f~caity agreed that time is of the essence of this coMract and that no waiver of an~ obtigaGOn he~evnder or of Ihe obligation se- ~ cured hereby ahah at any time therea4ter be held to be a waiver of the terma hereol o~ of the instrument secu.ed herby. ~ l l. In add.tio~ to the (orego ng mo~th!y paymenrs of prihc pal and interesr requ~red by the prom sscry no!e secvred hereby, mortga~or covenants ~ ~ d agrees to pay to mo-rgagee v.dh each month(y pay~.~e~~t an add~rional sum est;n,ared by mortgagee to be eq~ai to 1; 12 of the ann~al cost of the fotlow- f ~ A-A~I real property taxrs levied or assessed agai•~st the above describcd real estate. ~ B--Prert:~ums on fire and wir.dsro~m insurance as he.e~n requ;red to be carried on the Emproveme~ts s~t~ate oo the above described premises. ; C-Premfums on wch mortgage guaranty ir.sura.,ce as mortgagee shail from rme *o teme deem fit to tarry on the loan secvred hereby. e R Mortgagee sha~l from n~ne to t~me norify mortg~gor in viritin9 of the am,ount dve and payable hereu~d:r and such w~n shall the.e~pon be due and ~ c>reble on the due daie of the next month:y paymenr and each svccessive monrh thereafter ur.til mortgagee shal! notify mortgagor of a change in such ~ ~-,~~nt. Sucfi sums shail be appiied by mortgagee roward the payment of real property taxes, insurance prem;ums, and mortgage guaranty insurance ~ ;:•emiums. ~ IN WlTNE55 WHEREOF, the said h10RTGAGOR has hereunto set his hand and seal the day and year tirsl af esaid. - ~ Sig~ed, Sealed and delivered in the Presence of: ~ ~ aq % ' ~ (~$_e~~ajl) _ ~ C ~ - ` ~ - `'t5~.'a) ~ k; - ~ # ~ - ~$!AI) c ~ S ~ ATE OF FLORIOA ~ ~ ~ St. Lucie ~ ~ C~UNTY OF ~ Franklin A. Harris ~ Befwe me personally appeared snd ~ Valerie V. Harris his wife, to me well know~ a~.d known to me to be ~ rhe individuals described in and who executed she twegoing instr~ment, and acknowledged before me that Ihey e:ecuted the same for the purposes n- r~ere~n expressed. And the said Valerie v. Harris w~fe of the said Franklin A. Harris _ upon e sepa.ate and private e.aminat~on by me taken separate and apart from her said husband, acknowledged to and before me that she exetuted sa+d instrument freely and volun- ~ +a-tly and withovt any computsion, constra~nt, apprehens~on,.~~ fesr of or from her said husband. ~ WITNESS my hand and off~cial seal this- day of F brurar A. O. 19 72 -~G~ _ Notary P ic in and fw the tate of Fbrida at large = My C iuion expires: 6 7~ Retum To: ~ - First Federal Savings d loan Associat~on NOTARY PUHtIC STATE OF Fl ORIOA AT lAR(;t Oi Fort P.erce. MY COMMISSION EXPtRES AUG. 6, 197~ = GENERAL INSUR/INCE UNDERWRITERS, ~(rC. Fort Pierte, flor~da ~ ' - _ - 2~01 ~ ~ f ~~E~ n'~" 'ECOROEO ST.LUCi: ~JJMTYF~~_ w This Instrument Prepared By Wm. B. 67cauil RC,;;= :;;;-a ~ :'4; First Federal Savings & loan Association , . o C=-`R' _..C;; 7 ~p~Rr / of Fort Pierce , F lor ida ~ F^ - ~~~~f' Checked By . _ ~ , FEB j ! 2b ~~I . r7 da~199 ~1332 ~ ~ r - - - - - E = s, ~ - = c.-'~;_ -