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Home My WebLink About1451 . ~ . ~ s 3. To place and co~tinuoualy keep on the bu~'d~ngs now o~ hereafte~ s~tuate on sa~d land and on all equipmenl and personally covered by lhis ma ege, with all premiums thereon patd in full, t~re ins~rance in the usual standard po~icy (orm, in a sum approved by the MORYGAGEF, and w;ndslo ~niur~nce in ths osuat standard pol:cy form, in a s~m approved by the MORiGAGEE, in t~ch company or tompanies as Ihe MORTGACaEE m direct; a++d all fire and w~ndstorm insuronte poGc~e: on any of sa~d buitd~ngs, any inrerest therein or p~rt thereof, in the aggregatc ium afo~esaid in exccis ther~of, shal~ :oMain the usval sfandard mwtgagre clause or such ori+er clause as 1As Mortgagee may requ~rs, ma?ing the lou unde~ sa~d po c~rs, each arx! every, payabte to sa~d A10RTGAGEE as ~ts ~nterrsl may appear, and eech and every svch po!icy shall be promptly ass gned and delivered ~ eny held by sa~d MORiGAGEE as iunher security to ~afd mwtga~e debt, and, not less than ten (10) dnys in ad~ance of the expirat;on of each polity, ~o d. t~ver to sa~d MORTGAGEE a ronewat thercof, togNhe~ wlth a rece~p~ for the pren,~um oi sucfi renewal; and ~Ae~e shall be' no f~re o~ windstorm in~uranc placed on any of said buildings, any ineerasl there~n or part thereoF, unless in the fo~m and wi+h the loss payable as aforesaid; and in the event any sun ~ of money becomes payable under such policy w polKies said MORTGAGEE 3ha11 have ~he opf~on to re:eive and appty the sa~~e on account of the indebted i ness setured hereby or to pe~mit said MORTGAGORS to receive and use it p any parl ~hereoi for oencr purponrs, ~•~~thout th*reu~ waivin3 cr ~mp~ir S ing any eq~~ty, lien or right under a by virtue of thia mo:'gage; a~d in the event sa~d MORTGAGORS shall for any reason fail to keep the sa~d premisrs so ~ ;ns~red, a fai! to delive? prpmptly ~ny of said pol~cies of insura~xe to sa:d MORTGAGEE, oe fail promplly to pay fully any pre+»ium therefw o~ in any S respect fail to perFo~m, discharge, eaecute, eifecl, complete, canply with and abide by this cove~ant, w any part hrreof, said MGRTGAGEE may place a~,d ~ pay fw such insu~ance or any part thereof w~thovt waiving or affecting any opr;on, lien, equ~ty, or r~ght under or by virtue of this Mw~gage, +nd the t~ll amovnt of each and every such paymem shall be ~mmediately due and payable and shall bear interest from tha date thereof uniil paid at the rate o1 n~ne pe~ centum per annum and to~ether wi~h suth interest shai{ be src~red by the lieo ef thls mortgage. 1. To permit, commit or suffer no waste, impairnir~t w deterioration of said p?operty a any part thereof. 5. io pey atl and singular the costs, cha?ges and expenses, including a reasonable attwney's fee and costs of abstracts of title, incurred or paid at any time by said MORTGAGEE, because or in ~he event of the fa~lure on ~he part of ~he ssid MORTGAGOR to duty, promptly and fully perform, discharge. execute, effecl, comple~e, comply w~th and ab;de by eacA and every the stipu~ar~ons, agree~T~ents, condil~ons, and covenants of said promissory note and ~his n,ortgage any or e~thcr, and sa:d costs, charges and expenses, each and evrry, ahall be immediately due and payabte; whether w not there be notice dr mand, attempt to cotlect or suit pend~ng; and the full amount of each and every such payment shatt bear iaterest from the dare thereo! until paid a! Ihe ..,re of ninE per crntvm per annu~, a+~d all sa;d costs, charges and expenses incurred or paid, together w~th such +meresl, shall be setured by Ihe lien of tha mortyage, 6. That (a) in the event of any breach of this Mortgaga or defaulf on the pa.t ot the MORTGAGOR, w(b) in tF~e event any of sa~d sums of maney hrrein re(erred to be not pro~nprly and fully paid within th~rty (30) days next airer the same severa:ly become due and payable, without demand or notice, or (c) in the event each and every the st~p~lations, ag~eements, conditio~s and covenants of sa.d prom~sswy note and th~s mortgage any o~ ei~Aer are not iuly, promptly and iutly pe~formed, d.scharged, ezecuted, effected, compteted, compl~ed with and abided Sy, then in e;the: w any such event the said a¢ g~egate sum mentioned in said p~om~ssory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay- ao;r forthwith, or thereaf~er, at the optio~ of said MORiGAGEE, as fully and completety as if a~l of the said sums oi money were w~ginally stipulated ro be pald on such day, anything irt sa:d p~om;sswy note or in this Mwtgage to the conaary notwithstanding; and thereupoe or thereafter at tA~ option of s~:d MORTGAGEE, wifhout norice a de~nand, suit at iaw or in equity, there(o~e or thereafter begun, may be prosecuted'as ii~all inoneys secu?ed hereby n~d matured pr~or to its ins~itution. , 7. That in the event that at the beginn~ng of or at any time pend~ng any su;t upon fhis Mortgage, or to foreclou it, w to refom? it, or to cniorce payment of any claims her~unde~, said MORTGAGEE shall apply 1o the Court having ~urisd~ction thereof for the appointment of a Receiver, suth Cou?t shal) iorthwith appoint a receive? of said mortgaged property a11 and si~vlar, inc;ud.ng ati and singular the irtcome, prol~ts, issues and revenues from whatever so~rce derived, each and every of wh~ch, it being expressiy understcod, is hereby mortgaged as ~f spec~{ically set forth and dest~ibed in the g~anting and habendum clauses hereof, and such Receiver shall have all the broad and eifec~ive f~nct,ons and powers in anyw~se entrusted by a Court to a Receiver, and s..;h appointment shaH be made by such Court as an adm;tred equity and a matter uf absolvte r~ght to said MORTGAGEE, and without roference to the edequaty ot inadequaty of the va!ue of the property mo~tgaged or to ~he so~vency or ~nsotvency of said MORTGAGOR a the defendants, and ~hat svch rn~s, proffts, incane, issues and revertues shall be appiied ny such Receiver accord~ng to the iien or rquity of said MORTGAGfE and the practice of suth Court. S. To duly, prompfly and fully perform, discharge, execute, effect, complete, comply w~th and abide by each and every the stipulations, agreements, conditions and covenams in w~d promissory note and this mortgage set forth. 9. That in the event the ow~ersAfp of the mortgaged premises, or any part thereof, Eecomes vested in a person ofher ihan 1he MORTGAGpR~ the ti'.ORTGAGEE, its successws and ass~gns, may, without notice to ~he MORTGAOR, deal wiih such successw w s~ccessor i~ interest with reference to this r.~ortgage and the deot hereby secured i~ the same manner as with Mortgagor without in any way vit~ating w d~scharging the N{ortgagori tiability hert cr.der or upon the debt hereby secwed. No sate of r/,e F~em~ses hereby mortgaged and no forbearance on the part of the ?AORTGAGEE or its successws ! or ass~gns and no eztension of the time fo~ the payment of the debt hereby secured given by Ihe MORTGAGEE or its successws or au~gns, afull operate ro reiease, d~scharge, modify ~hange or affect the original Iiabil~ty of the MORiGAGOR here+rt, eithe? in wlwfe a in part_ 10. tt is spectficatly agreed rhat time is of the essence of this tonrract and that no waiver of any obligation hereunder or of ihe obligstion se- cured hereby shali at any time thereafter Se h¢!d to be a waiver of the terms hereof or of the instrument secured herby. ll. In add.t~oa to the forego+~g month!y µatmenrs of princpal and intarest requ~red by the prom'.ssory no!e secured hereby, mortgagar eovenants a~~d ag.~es to pay ro mo:tgagee ~ni~h each mor.!hiy payr.:ent an add~rional sum esf mated by mo~tgagee to be equaf ?0 1;' 12 of the an,iuat cost of the foliow- , j: A-Atl real property taxes levi:d or asses:~d ag3i•,st thc above descri;cd real esrate. 8-Premiums on fire and windstorm ins~rar.~e as herein requ;red to be carri~d on the ~mproveme~ts s~tuate on the above described premises. C-Premiums on such niortgage guaranty ir.sura:.ce as mortgagee shait from. r'me to tirne deem fit to carry on the loan secured hereby. i IAortgagee shail from time to t~me notify mortgagor in writing of the amo~nt due and payable hereunder and such sum shall thereupo~ be due and :~yzbte on the due date of the next month!y paymem and each s~ccessive month thereafter untii mortgagee shall notify mortgagor of a cfiange in such ount. $uch sums sF.aii be app:ied 6y mortgagee roward ~he payment of real prope.ty laxes, inswance prem:ums, and morfgage guaranty insurartce c'emiumt. IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first afwesaid. Sgned, Sealed and delivered in the pre 4nce of: -w~tness / L~rnest-F~ar e s -~~an ~ - Ses " _ ( ~ ~ (Seaq ~ t~itness erine . } ~ i STATE OF FLORI ~ couvrY oF St . Luc ie ~ ~ Befwe me personally appeared Ernest F. Harless t : i ~ h rine B Ha.rless ; ; his wife, to me well know~ arrd kreown to me to be the ind;viduals dacribed in and who execwed the fwegang instrume~t, and acknowledged before me that they executed the same for the purpoaes ! ~h~ro;n ~xp,e:xd. a,d ihe s,;a Katherine B. Harless ~ +~~!e of the said Eznest F. Harless vpon s separate snd priv~h e.aminat~on by me taken separate and apart from her said husband, acknowledged to and lxfwe me thai she exetuted said instrurnenf fR~e(y a~td volvfr rarity and without any compulsioo, constroint, appre n iey~, or fear of or from her id nd. , th t , f WITNESS my hand and ofiicial seal thi day of `~'.~y.r~q.'f~ i . ~f- ~ ~ ~ ~ - ~ N tary Public in and fw he State of ~~s at_l~ry~i' ~k:; • • My Commiuion expircs: • Refurn To: • • - - • . ' First Federal Savings b. loan Association s;~: . ~ r^!=7!~JLF'~+A~t;,~ ; i Of Fort P:erce. _ - "i ' Fort Pierce. F(orida . y...~~.i{~'al~I/~~', `~ars y ~ 3 ~ ~ ~`,-~:::==~:=a~'~ ~ `~li t F lED ~?KD RECOR This Instrument Prepared By~ Richard K. Kayes S~•LUCIE COUNTr~~. First Federat Sav+ngs & Loan Association ROCER POITRAS ~ of Fort Pierce, Florida CIERK CIRClitT COURT RECORO VER~F~EO.~.~...... ; Checked By~-__ ~15 ~ ~~2 ~ ~ ~c:~sO~ 0 ~r ~ ~ ~2~0 i r_ _ _ : _ . : _ -