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HomeMy WebLinkAbout2669 1 3. To p!ace and co~t~n~ovsly keep on the b~~ d~~,gs no.v w here,t~er ~~t~ete on sa~d ~and ar.d on alf equ~p,nent and pe~sonaliy cove~ed by thi~ ma ~ age, with all premivms the~eon pa,d in full, fae ins.,r3rce ~n ~he ~su_il s•.+~~d•~~d po'~cy torm, in a su:n a~.pro~ed by the h1l7R~uAGEE. and windit0 .~s. •~n~e in Ihe uiual s~andard pol.cy form, in a sum aFF:ro.rd bY the hIORTGAGfE, in wth tanpany of to~npan~es as Ihe 1.10RTGAGEE m Kt~ - d all fire and w,ndsrcrm inw~ance po.~c.rs on m~y of sa~d bwtd,.~gs, any imerast ~harein or p~+~ thereof, in the ag9rega~e sun. sfoiesa~d ~hereof, s!~all :ontain the ~wa! sfa~.dxd .^,orr~~gee csuse or such o~he~ u.+vse as the Me~tgagee may requ.re, mal.ing the ~oss under sa~d po , and every, payab'e to sa~d .~10RTG.AGfE as ~ts m~~~<<st may appear, a~~d each and ev~~y s~ch pa!~[y S~~el~ Ix prompt~~ ass g~~rd and de~iv~red ~ by seid h10R(GAGiE as fu~~hc. s_curity to sa~d ~~,or~gaye debt. end, no~ less ~han trn (iJ) days i~ adv.~nce of the eapirenon of each poGcy, to d~ I~v r wid MORTGAGEE a~encwal thereof, to~e~hrr wrth a~rce~pt tor ihr prrnuum of s~ch renewaf; and ~here sha11 be no i,re or windsw~m insuranc placed on any of sa~d b~itd:ngs, any inreresl therem or par~ thareof, u~~~~ss in tnr form and w~+h Ihe Ioss paya'.,Ie as a4cresa~d; and in the event any su~ of money becomes payabie unde~ wch policy or po!ic~es sald h10RiGAvcE ~h~lt have the op~:on ro rea_~.a and apNiy tne same oo account oi the indrbted ry nrss secvred ht~eby or to permit sa~d MOR~GAGORS to rec~•i~e and use it a any i~art ihe:eof 1or o:i~• r~:u~; oi~~s. .•~:iho.:t th o; w~~.~ +3 c~ ~~np.=~~ ; ~ng any equily, lien or right under or by vinua of this n:o~'y~ge; and in the even~ sa.d M0~2TGAGORS shall to~ any reason fail to kcep the said premisrs so ; ~nsurad, or fail to daiivw pro.nptly any of said poLC:rs of ~ns~rance to said MORTGAGFE, or f~il prcmptly to pay fu~:y any pre~niwn th~refor w in a~y rznpect fail fo prrform, dncha~ge, execure, ef'ect, ca~~plrtr, con;ply wnn and a5~de by th~s coven~:e, or any part h.reof, sa~d MVRTGAGEE may plate a::o pay for such insurance or any par/ thercof wnhout waiv~ng or aSfeciing any oyt:on, lien, equny, or right under o~ by v~rtue of this hlo~tgage, and the f~i! amoun~ of ea<h and e.ery such payment shell br i~mned~ataly due and payable and shall bear intcrrsl f~om tFw date th.:reof until p~id at the ra~e of r•:ne per camum pe~ annum and to~r~h<-~ with such intrresr sh.,u br s~~c~r~•d by Ihe lien of this mortgagc. d. To permit, commit or sufier no waste, impairmenl or det'rr;orotion of sa~d property or any part thercof. S. To pay all and singuia~ the ccsts, charges and expenses, includu~g a reasonable attomey's fea and cests of a5stracts of title, incurred or paid at ~ nny time by said MORTGAG'.E, because or in the event of the fa~iu~e on the part of the sa:d MORTGAGOR to duly, pro~+ptly and fully ~~focm, d~scharge. i exrcuta, effed, complete, comply w:th and ab.de by each and every the st~pulat~ons, agreements, condit~ons, and covenan!s oi sa~d promissory note a~~d ~h~i .~,orrgaqe any or euher, and sa:d cosrs, charges as~d expenses, each arxl e~ery. shell br immrd~atety due and payable; whether or not there be ~o~~ce dr rnand, attempt to collect or suit pend~ng; and the fuC amount of each and e~ery svch payn~.ent ahafl bea• i~v<rest from the date thereof until paEd at the ~.~te o~ n~ne per cent~m per annu:n; and alt sa~d costs, ci~a;ges and ea:;enses incv~red or pa~d, togrther w~th such interest, shall be sec~red by the lien of th~s mortgage. b. That (a) in the event of any breach of thia Hwtgage or default w~ tt.a p3rt pf Ihe A'IORTGAGOR, or (b) in the eveM any of sa:d sums of money herein ~eferred to be not promptly anq fuily pa~d ~aithin th,rty ,30J days nex~ acrcr the sa~ne severa::y beco~ne due and payable, w~tFwut demand or notice, cr ~c) in the event each and every the s~ipu;afions, agreemer~ts. cend.nons and covrnants of sa d promisaory note a~d th~s mort9age any o~ either are not iv:y, promptly and iully performed, d:scharg:~d, eaecuted, effected, comFtered, comp;~ed with and ab~ded Sy, then in e~ther or any such evenl the sa~d ag gregate sum ment~oned in said promissory note then ren,aining ~npa~d, wath inrerr;t accrued, and aN moneys secured hereby, shatl become d~e and pay aae f~:fhwi~h, er thereafter, at t!K eg~ion of said A10RTGaGEE, as fuliy a~.cf compietely as ii ail of the sa~d sums of money were or~g~nally s~~putated ro be pa[d on such day, anything in sa.d p:o~n~ssory note or in ~h~s hlortgag~• to the con~rary nota~thstand~n9; and thereupon w thereafter at the optio~ of :~:d 1AORTGAGEE, witheut not~te or demand, suit at law or in equuy, the~efore ot thareeiter begun, may be prosecuted as if all moneys aecured hereby n_d matured pnor to ~ta institution. 7. That in the event that at the beginn~ng of or at any 1~~ne pend~i~g any su~t upon ehis Mortgage, or to foreclose it, or to reform it, o? to enforte ~-ayment of any cla~ms hereunder, said MORTGAGEE sha;l apply ?o the Court ha+~~~y ~unsd,c~~on thrreof for the appo~mmenl of a Receiver, such Court shall fcrrhwith appoiN a receiver of sa~d mortgaged property a11 and singuiar, Indud ng a;l a~~d s~ngu;ar fhe irtcome, profns, issues and reve~ves f~om whatever s,urce darived, each and every of wh;ch, it be~ng express!y unde~s+ood is he:eby mertgaged as if spec~licai:y set forth and described in the g~anhng and hsi~end~m clauses hereof, and such Rece+ver shall have al~ tne broad and rfieo:ve funct.ons and powers in anywise emrusted by a Cou:t to a Receiver, and s_ch appointment shall be made by wch Courf as an ad^~rtrcd equity and a«.ar.er of abso~ure r~gh~ to sald MORTGAGEE, aod wi~houl reference to the adeq~acy a inadeqvaty of the value of the property mor~gaged or to ihe sa.ency or mso~.ency of sa~d MORiGAGOR w the defendants, and that such r~~~fs, profirs, inco.ne, iswes and reven~es shat{ 6e appieed by such Receiver accurd.ng to the lien or equity of said MORiGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, d~scharge, execute, effect, mmplrre, comply w~!h and abide by each and every the stipulations, agreements, ' ;onditions and covenanrs ~n said ptomissory note and th;s mortgage set fwth. 'y 4. That in the event the ownership of the mortgaged premises, or a~:y part thereof, 6ecomes vested in a person other fhan the MORTGAGOR, the ~ :'ORTGAGEE, its successors and assigns, may, wirhout notke to the A50R1GAOR, deal w~th such successor a succes:w in imerest with reterence to this r•ortgage and the daot hereby secured in the same manner as w~+h 1.5ertgagor wnhout in any way vitiating or d~scharging the Mortgagori liability here- ~ ~nder or upon the debt hereby secured. No sa!e of the Frem:se: hcreby mortgagrd ard no forbearence on the part of the /dORTGAGEE o~ its successors c- ass~gns and no extension oi the rirne f:.r the payment of the debi hereby sec~red given by the MORTGAGEE or its successors or ass~gns, s~ial~ operate ro re~ease, d~scharge, modify change or affect the orig:nal lia~.l~ty of the MORTGAGt7R herein, either in whole or in part. 10. It is specificatly agreed that time is of the esserce of th~s contract and that no wa~ver of any ob~igation hereunder or of the obligation se- - c~red hereby shall at any time thereafter be he:d to be a wa~ver of the terms hereof or of the instrument secured herby. I 1. In aqd.tio~ to the (orego ng mo~th!y paymenrs of p~i:.c pai and interest requ~red by the p~om sscry no!e secured hereby, mortgagar covenants d agrses to pay to mortgagee v~ifh each ~r.onth'y payv..e~~t an ada~~unal sum rs~ ~ ated by mortgagee to be eq~a~ to 1• 12 of tnr an~ual cos~ of the follow- , , A-All reaf property taxzs lev~ed or assessed ag~~• st ~h~ above desa~bcd real esrate. B-Prem~urns on fhe and w~r:dsro~m ~nsuracce as here~n req~:red to be carr~: d en the :m;;rovements s~tuate on th~ above desv~bed premises. ' C-Premiums on su:h mortg:ge g~aranty ir.sura~:ce as mortgagee shaH !ro:r. rme to ;~me deem fit to carry on the loan secured hereby. ~ Idortgagee shaEl '.rom hme to tin:e nofify mortyago. m wnting of the a~~o.,~~ d•.;e and payable hereundar and suth su~i shall tFereup~n be due and i :.~.able on the due aatr of the ~ext rnonth:~ pay:.:ent and e~cfi s~ccess~ve mor~th thereafter ur.!~i mcrtgagee shall r.o+~fy mo~tgagor of a change in such ~ o~nt. Svch sums shai{ be applied by mortgagce toward tne payment of reai property taxes, i~surance prem:ums, a~~d mortgage guarenty insurance :~•emiumS. S IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set h~s ho~~d and seal the day and ear first aforesaid. Signed, Seafed and delivered i he prese~ce of: ~ . ~ Seaq f ($eal) z _ ¢ _ _ ~$!!an 3 ~ Reather Harmon ~~aq a ~ STAT FIORIDA ~ St. I~cie ~ ' ~ou!~n oF Befwe me personally appeared _ JaII12S F'• Harmon ~ a„~ ~ Reather •J. ~BZRROII his wiie, to me well known and known to me to be ~ thr individuafs desaibed in and who executed the foregoing instrument, artd acknowtedg~d before me that they-executed the same ior the purposes ~ rherein expressed. Md the :a~d Reather J. H8I'JROTI ~ ,:~Ee of the ea~d - Jc'll~.'3 F. H81'IROT1 upo„ ~ y~ ~ .,riv~te e.aminat~on by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instr ~ ranly and w~thout any compulsion, constraint, apprchens:oo}~w fear of or from her uid husband. ~ March . WITNESS my hand and official seal this__~_-_ day of-_ 'o'~ _ A,_j~'y ~ ~ Notbr Public in and for the talt dF Flw~iyll~lar ` ' ~ s My C m~ssion expires: _ J~• Q l_~ y Return To: NOTA Y PUBLIC STATE CF Fi first Federal Savings a loan Assoua`~on MY CO~::!.IiSSlCN EXPiP.I~:~ ~l`~ of Fo~+ P.c~rce. CaENERAI INSUlUNCE llNQ~RWHITFRS-1 I? _ ~ • ~M.~~4'~~ forf D~erce. Florida I '3 - ~ 7 f This Instrument Prepared By ~T. H. n+Obel'ts~ d E~ ANO REC~~~~, j ~~uc~E couN First Federal Savings 8 loan Association R4CEA PO11QA: ~ ` ~ ; of Fort Pierce , Florida ' IIECORO YEAR ~ED C~~ ~ e° Checked 6y~_ 2~S pN ~1Z 0 R c~ ~p PAl~~.l~VO BOOX ~.uV ~ ~ 226448 ~ ki~-~ ~ - ~ - . . _ P..xu.,i_6 ~^E2 , ~ ~ ~ ~ ; ~.,,4 ~ ~i ~ b ,3 '~r r .c+. r> .s ~5-~.~ ~;.~s~~. -~:':r_.'.`~'~rr-~.-...'~~_'. c'~.>,. . ; .~.RY~~ Y° .