HomeMy WebLinkAbout2285 3 To p~ace a~~d continuo~siy krep on !he Lu~ ~i~egs no.v or h<re.,frar s~tuate or. sa~d ian~ and on aC equip:nenl and personally eov2~ed by th~t mW
r9e, w:rh dli pcen~iu~nS tF.2fPOn j,a d~n f~il, f~rr i~ :.,r~ c~ ,n ~h~• .:iuei s~oi:;laid p5 ,C/ {Otm, in d S..'n arproveCl by IhB ~Yd~R~v:~vEE. a~~C~ H'::~:1510
~~wrancr in tha usual s~andard ~.o~cy iorm, in a s.,:n a;:f,~o.rd !y iha A1'JRTGAGEE, in wth canpany cr ~en,F~en~es as the AtORIGAGFE m
d~rect; and all f~re ar,d w.nds+arm +nswancr ;:o ~c.~-s un an,~ of s~~d bu~~d ngs, any intrrrst therein or par~ fhereof, i~ thr agg~eyore sum aforesa~d
in excess Ihereaf, sh3tl ~ontain the usval s!a .Ja.d n~or~~,grc c.~~se or s.,c1: o~hri c'3use a~• the Mo~tgagee may ~rqu.re, maAing th~ ~ons ~ndrr sa~d po
ces, each and eve.y, p3y~~'z ro sa;d t.10RiG~GEE as ~h ~~~~~::sr n~a,r ac:p~•a~, a•~d each dnll 2vc'~y svch po~:c;r sf,3il 1>e promptty assg•~ed a~~d da:~.ered ~
any hrld by aa~d hlORIGAGEE as funhar s•:c~r~ty ru s~~d n.,:r~~~e d~c~, a~.d, not I~ss ti~an ran (!0; d~ys in ~d.an;e of the exp~rat~on of each potlcy, to d~
~,~er to said MORSGAGEE a rer.ewul thereof, togcther v~ith a rrce~F,t for thc p~r:nwm o1 suth re~irw~i; a~~d th~•re sfiail bc no f~re o~ ~ni+uisto~~n insurdnc s
c~ited un arty of sa~d b~i!d~~~gs, any ~nea:est there.~ or ~:a~t fi:~~<-oi. ~:,'~,s ~n ~ne fcr~n and wnh she io:s payaa:r as aEoresa~d; ar:d ~n the e~enf any sun
of money becomes payable ~nder s~th pol~cy or ~ol~c~e: sa~d htJkTGAviE st..~i1 I,ave ~he op~,cn ro reo:~ve c.~~d apy!y tha same on acc~unt of the indeot~~d
~~.~is secu~ed heraby o~ ro permit s3~~ IAORTGAGORS to rc~•~.e and use it oi any ,.~.r th,•:a~f i;.r e••:-'. ~,u• ~s••s. ~:t ih cr :,p.:~
~ng any equ~ty, lien Or riyhl undcr or by virt~a Of th~s mcc:yjye; and in the evcro sa.d h10RiGAGOR$ sha!I `.or any reason fail to Meep the sa~d prem:ses so
~+sv.ed, or f,~i) to dei~ve+ promNtly any of s~id pot:c:es o1 ins~rance to sa d MOR(GAGEE, or f.,;! p:ompr:y to pay fu~ty any pre~n,~~n rhrrefor o~ ~n a~y
respect fail to pe~(orm, d~xha~ge, execu~e, effeU, canpierr, co nply wnh and a~~de by th~s coven~ni, or any par~ hareof, s.+~d 1.1URT~iaG_E may p~ace a tl
~.y for such insur.,nce or any part thareof w~thout waiv~~.g or affecting any oF~i~on, lien, equ~ty, or nyht under or by v~rtue of th~s titortgage, and tht ~
t~(1 amo~m of each and e~ery wch paymanr shali be irn~nediately due and payab!e and shail baar imer_st from thJ date thereof u~~ril pa~d a~ the rate oi
~~ne per can!~m per ann~m and toj~thrr ~~+h such ~n~rr_~st sh,~~ :,e s~•c~:ed by the iien of Ihis mortgage.
To permit, ~pmn~~l or sufier no wasre, in:pairr.ient ot deter~orat~on of aa~d property or any pa~t thereof.
S. To pay all and sing~~;ar the costs, charges and expe~~ses, :n:fudmg a re;;enab!e aftorney's fee and costs of abstracts of title, incurred or paid ar
a~y ti~,:e by sa~d MORTGAGEE, because o~ in the event of :he f~~ivre on the wrt of ~he sa+d h10RTGAGOR to d~ly, pron,ptly and fully prrform, d~scharge.
_•ccute, effed, camp;ete, co•i~ply w~th a~~d ab.dr by each and eYery the st~pu~at~ens, agrecments, cond~tions, and tovenants of sa~d pran~ssory note and th~s
~,ortgage any or e~~her, and sa d cosn, cha:ges and expenses, each and r+ery, sha+l t~ imrtn-d~ate!y dur and payab:e; whr~he: or not there be nof~ce de
n,and, atte~npt to co;lect or su~t pend~:~g; and the full amovnt of each a~~:i every such ~ayment shali 6ear interrst from ~he date thereof until paid at the
~ of n~ne per centum p~~r an~w•,; ~n:i au sa~d cosrs. cha~~cs a~~d ~x;:~~:ses ir~cvrred or paid, royather w~th such interast, shall be sec~red by rhe Gen of thd
rnorfgage. ,
b. 7hat (a) in the event of any breach of ~his Mortgage or defavlt on ikw part of ti~e t.'.~RTG~GOR, or ;b) in the event any of sa:d Sums of money
he~ein refz~rrd to be rot pro,npriy arid f~tly paid with~n th.~ty ,3v1 dars nc.s a•i_~r ihe s,~ne seve~a'iy beco~ne d~e and payab!e, w~riwut demand o~ notice.
cr (c) in thr event each and every rne ztipu:at~o~s, agreements, cond.:,o~~s and r~v~nants of sa d proni~ssory no~e and th~s mortgage any or ei~her are not
iu!y, prompHy and f~tty performed, d schsrged, executed, effecred, completed, co~np!;ed w~!h and ab~ded ~y, then i~ e~ther or any such evenf the sa~d ag
~r~~gate sum mentioned in sa~d promisso~y no*e then remain~ng unHa~d, wrth ~n!rrr,~ accr;.,:d, and a~~ moneys secured hereby, shall beccmr due and pay
a~,e forthwith, or thereafter, at the opt~on of sa~d h50R7GAGEE, as futly a~~d comp;e~ely as i1 a~I of ~hz sald s~rns oi money vvere ong~natly sr~putated
!e be pa~d on s~ch day, anything in s.~ d prom~ssory note or in th~s Alortgage to the con~rary noi.v~ihs~and~ng; and ~hereupon or thereafier af the opnon cf
s-~,d MORTGAGEE, w~rhout nouce o• demand, suit at law or in equdy, ihereture o~ thereaf~er (~gun, may be prosecuted as if all moneys secured hereby
r, d matured prior to ~ts institvuon.
7. That in the e~ent that at the Eeginn:ng of or at any time pend~~~g any surt upon ~h;s Mortgage, or to foreclose it, or to reform i?, or to enforce
~:,ymen? of any tiaims hereunder, said lttQ2iGAGEE shat! app?y to rhe Cevr~ havi„g +u~~sJ.cf:un thereof ior the appo~ntment of a Receiver, such Cour1 shail
r,rrn.,,irh appoint a receiver of sa~d mortgaged property ati and Singv~ar, ~n~;~;~;~~ ~;t and s:~~gu~ar she ir.come, prolas, issues ar.d revenues from whatever
sr~~+ce derived, each and eve~y of .nc ~h, ~t bei~x~ expressiy unde~s~cod, n Fer,by mor~9agcd as it spec~f~~ally set forrh and described in the granling and i
t.~:~endvm tlauses herzof, and wch Recei~<r shall hdve aH the Vr;;ad and efrect:.e funct ons and powers in anywisC eMrustrd by a Court to a Reteiver, and
s_h appoinfinent shall be made by s~ch Ccurt rs an ad~~,~~rrd ey,,~ty ard d irattcr of abso~~re ngM to sa~d MORTGAGEE, and without reference to the
:~quacy or inadequacy of rhe value of ehe properry mo.rgaged or to rnr s~.v~•ncy er ,nso,vency o( said htiORTGAGOR or the deirndants, and that svch
-,~TS, profits, incane, issues and revenues :ha:i be app~ied 'oy wch ~Zecr~vz~r ac:ord~ng to the I~en or equiry o( said MORTGAGEE and the practite of such
Court.
8. To du'y, prompt;y and fulty perform, discharge, execure, effecr: com, ;cre, cat~~,ly w~th and abide by eacb and eve~y fhe stipulations, agreements,
.or.ditions and covenants in sa~d promissory note and ~h:s n:ortgag> sct fortn.
9. That in the event the ovvnersh~p of the mortgaged prert~is•~s, or any Fart thcreof, 6ecomes vested in a perwn other than the MORTGAGOR, the
"CRTGAGEE, its wctessws and ass~gr.s, may, witAout notice to the A1pRTG.=aR, dcat v:~rh such successpr or successor in inferes? with ieterence to this
r~ o•rgage ar.d the debt hereby secured in the same manner as wi:h 1.9ortgago• w~th~~t in any way vitiating o~ d~scharging the Mortgagors' iiability here-
: oder or upon the dcbt hereby set~r~•d. No sa;e of ihe ~remises he.eby ~no~tgayed acd no forbearance o~ Ihe part of the /110RTGAGEE or its successors
.r ass~gns and no extens~on of rhe t;me for rhe payn:ent of the deb~ h~~e~•y sec~red g~Yen by the ~dORTGAGEE or its wccessors or ass:gns, a;~all operate
~o re~ease, d~scharge, modify change or affect the orig;nai liau,lny of th. A;ORiGAGOR herein, ~ither in whofe or in pa,t.
i0. It is speufically agreed that Nme is of the essence of th~s contract and that no waiver of any obtigation hereunder or of the obtigation se-
cvred hereby shatt at any time rhareatrer be heid to be a wa~ver of rhe terms he+eof or of the instrument secured herby.
~ 11. in aud.~io.~ ro the Forcgo ng » u~th~y paym_nrs of p~i .c pa~ and i~~~e•<sr requ~red by the prom sscry no~e secured herab~, mortga~~r eove~ants
` ~~.d agrces to pay to e~orrgayee v.~th ea;h n;cn+h'y pay;.:ent an ad.l~nJn3~ su~n ~st,n.ared by morrgagee to be eguai to l; 12 of thr annual cost of the folloNr-
~
A-Ati reat property tax.~s !ev~_d or azsess~u ag~i~~s; thc above dcsc~;b•:d r,a~ esra!e.
S B-Fr.rr.:ums on fir~ and vr:ndsterm ~nsu~arce as her~in r~qu:red to be ta~ri_d v`n !he :mproveme~ts sit~ate on th~ abOvc c~~stribed premise3,
t C-P~emiums on such mortg;ge gV3!3^T~ ;r.wra~.ce as mOrfgagee sha:l fre•~ f r-~e to t~~n~, deem fit to tarry on the loan secu:ed hereby.
~ Moregagee s~a!f frcm t~me to r. •.e rc*~f~ mcrtyagcr ~n writ~ng of the a~~o~•it dve and payable hereundar and wch su~~ shaL' th~reupon be due and
;,able on thr d~e oare of ~n~ n_•~r monfh:; aaymcnt and each SJCCGSSIYC '~'~O"~II rhereaf~~r mortgagee shall no'~fy mortgagor ot a change in such
` - o~nt. Such sums sHa.i be apF:'~ed by mortga~•.~ ronard the payn~ent o` real prcperty taxes, insurance prem:ums, and mortgage guaraMy insurarce
S 'c~niumS.
~ IN Y~)T1JfS5 :tiHfREOf, the sa~d A10RTGAGOR has hereu~to set his ha~,d and seal the day and year first atoresaid.
's
; Signed, Sealed and delivered in the presence of: _1 l ~ ~
~ - ~ ~j~' ~'L`~\ ~C/ GVV~'~~Seal)
' - (5eal)
; ~ ( ~/I/LG"" {Sealj ,
- - (Seal)
S'aTE OF FIORIDA ~ ~
~~UNTY OF St . ~~Cip ~ r ~
; Befwe me personally aP~a~ed ~ Monroe i•~. Narris a~d
: Cecile F. tiarris his wiie, to me well known and krawn to me to be
? the individuals desvibed in and who executed the fwegoing instrument, and acfenow{edged before me that they executed the same fw the pu~poses
` rnerein expressed. And the said__ CQCll~' F. Harris
~
~ rr~ie ol the sa~d _~10I1YOQ ~1 Harris ~ ~
upon a sQ~ibe ,a~d pr'nsre -
~ e.aminatior, by me taken sepaiate and apart from her sa~d husband, acknowledged to and before me that she eaecuted said instrum~il}`fr~bly.snd vOturf j
'~~~ly and wftho~t any compu:sion, co~strafnt, apprehens.on, or fear of or from her said h~sband. -
\YITNESS my Fand ard offictal seal this__~_~3Z~,_____ day of M~rc a fl. 19~~.2
r : . _ -
i - . -
N tarv Public in and or {he 5lOte Of. Flctida il Large
M Commissio~ expires: , " ~
Retum To:
F~:sr federal Stvings b loa~ Assoc~at:o~ NOTARY Pi:BLtC STATE OF FI ~RjD~C A~~/?/~E ~
MYCC~"~fAISStONEXi~lR~~f~' i. ~2. 19%5::...••'~'r~• .
Gf Fo~~ v f::ce GENERAL INSURANCE UNDERWRtTERS, ~N~Ti'~
fo~t Vierce, fiorida ' . .'t.~••,"
This Instrument Prepared By J. }i. Roberts~ Jr. ~~IL~C~Y~~r~~'
First Federal Savings & loan Association ~0~~~ PO?T11~~ ~T ~
of Fort Pierce~ Florida OL~R~ ~~`'~U11 ~Q~ ~
~fA4RD V~RIflEDw+~"""'
Checked By - ~ 1(~ ~ ~ ~~Z - :
s Y ~
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