HomeMy WebLinkAbout1540 J. To p`ace and continvous(y k<ep on ~he bu~'d~ngs now or hereafte? ~:tuate on said ~and ard on ali rq~ip~nent and pErsona~ly tOVCred by lhis m0~
e9e, w:~h all prem~umi ~hr~eon pad ln iuu, f~~e ins~rance in ~i~e uwal uendord po!~cy form, in a a~m a~,prawed by ~hc 1.5pR~vAGEE, and w~nds~o
~nsuranct in rhe usual ~~anda~d poi.ty fo~m, in a wm app~c,~ad by the MORTGAGfE, in such co~z~pany or canpan,es as fha h10RiGAGEE m
d~~ect; and al! fire ar.d ~;nds~orm insurance po~rc.es on a~y of sa:d buitd~ngs, any ~nteresl ~herein ar part ~h,:reof, in the aggrey.~rr w~n atoresa~d •
in exceu ~hereoF, ahall :om~;n ~he us~~~ sYa :dard mortgagte cia~se or such o~her clause as the Mor~qagee may requ.re, making ~he wss ~ndrr sa,d po
c~es, each and every, pa;ab'e to sa~d ,~SpRTGAGEE as ~ts intr~est may appea~, and each and every such po:~cy shall be promp~ty ass qncd and da:~va~rd ~
any held by sa:d h10RiGAGEE as fur~har s•_cur~ty to sa~d mort3age drb~, and, not less than te~ (10) days i+~ ad.ance of ~he expiret~on oi each po'.~ty. ~o d
I~ve~ to sa~d A10RiGAGEE a renewal th~reof, toge~her with a rece+pt ior Ihe prem~um of such renewal; a~~d rhr~e sha,l be no i~re o~ w~:~dsro+m insuranc
p!~ted on any ol sa~d bui!d:ngs, any inferest thcrein or part thereof, ~n!ess in the form and wifh the loss payab~e as afo~esa~d; ar.d in the eveM any s~n
of money becomes payable uoder such po~icy or poGc~es said MORTGAGEE sha11 have ~he op~.oo to recr~ve ~~,d app?y tha same on accou~~r of rhe i,~dabfed
ness sewrrd heretry or to pe~r~t~t sa~d «IORTGAGORS to recz~ve and use if w any part the:eof tor oc~~•.•r Fur, ~~,•s, .•.:~i~o-.;t ih:•..:r ,~c~.f ~3 or
Ing any equny, I;en or r~ght undr? w by virtue of this mc:egage; and in the event sa:d MORTGAGOR$ sha!I Ea any reason fail to kaep ~he sa~d p~emisas so
~nwred, or fail to de'~Yer pranp~ly ar.y of s~~d pol~ues o( insuranee to sa~d MORIGAGEE, o~ fo~: p:on:pily to pay f~:fy any p:e ~~~u:n ihcrrtor or in a~y
.espect fa]I to pe~fo.m, d~schorge, eaecure, efiect, complete, co:npty with and abide by th~s tovenant, or any par~ h~reof, sa~d MGRT;,AGEE may place a•o
p~y for such inswence or any part thareof w~thou~ waiving or affecti~ any option, lien, equity, or F~gh+ w~der or by virtue of this Mortgage, and the
t~~! a~novnt of each and e~ery such payment shall be immediately due and payable and shatl bear interest from thr date thereo( untii pa~d al the rate oi
n~ne per centu:n per a.:nu:n and ro~~~her va~th such intrrast shali be srcur~d by the lien of th~s mortgage.
4. To, permi~, commit a suffer no waste, impairment or deterioration of said property or any pa~t thereof.
5. To pay a~l ard sinyular the cost~, charges a~d ezpenses, inctuding a reasonable attorney's tee and cosrs of abstratts oi title, incurred or paid at
~ny t;me by said MORiGAG;E, because w in the event of the faiiure on the part of the said MORTGAGOR to duly, promptly and fuily p~rform, d~scharge.
e¦ec~te, effec~, canpiete, coroply wrth and ab:de by each and every ~he stipulat~ons, agreaments, cond~tions. and covenants of aa~d p~om~ssory note ar.d this
,~origage any or e~~her, and sa:d cosrs, charges and expenses, each and eve~y, shalf be immed~atety due and payab(e; whether w not there be not~ce d±
mand, attempf to coliect or sui~ pend~ng; and the fult amouM of each and eve~y such payment shall bea~ ir,rerest from the datt thereof until paid af the
r,,re o` ~~ne per ~2n:um ~r anncm; and aN sa~d cosrs, charges and exper.ses incurred or paid, fog~ther w~th such interest, sha11 be setwed by the I~en of this
mo~tgage.
6. Tha1 (a) in the event of any breach of this Mcrtgage or default on the part of the MORTGAGOR, w tb) in the event any of sa;d sums of money
herein referred to be not pranptly and fuily paid within th~rty (30) days ~eat a4~a~ the same seve.a:ty become due and payable, without demand or notice,
cr (c) in thr event each and eve~y the stiputa~ions, agreements, cond~tions and covenants of sa d promissoiy note and ~h~s mortgage any a either are no1
iuly, promptly and fully performed, dschargrd, executed, effected. completed, compiied with and ab~ded by, then in e~~her w any such eveM the sa~d ag
gregate sum mentioned in said promissory nore then rema~ning unpaid, with iorerest acuued, and a~l ~no~uys sewred hereby, shall become due and pay
eo:e forthwith, or thereafter, at the opnon of said MORTGAGEE, as fuI{y a~d comple~ety as ii ail of thr said sums of money were or~gina:ly snpu:ated
~o be pald on such day, anything in sa:d prom~ssory note or in this Mortgage to the tontrary norwithstandn~q; and ihereupon or lhereafter at the opt~on of
s,,d MORTGAGfE, wrthout no~~ce w demand, su~t at law w in eqwty, ~herefore w thereaite~ Ix-gun, may be prosecuted as if ~II moneys secured hereby
n,d mawred pnor to ~ts institut~on. _
7. That in the event that at the beginn;ng of w at any time pe~d~~g any su~t i~pan th~s Mortgage, a to forectou it, or to reform it, or to enforce
~-ayment of any claems hereundrr, said b10RTGAGfE shall apply to the Cowt having ~u~~sd~a~on thereot far the appo~ntmenl of a Receiver, suc6 Courf shall
rc~thwith appoint a recerver of iaid mortgaged property al! and singular, includ~ng all and smgular the income, profits, issues and revenues fiom whatever
s~urce derived, each and every o1 wh~cA, rt be~ng expressfy undersrood, is he~eby mongaged as ;f speuficalJ~ aet fo.th and described in Ihe granung and
1~3;,endum clauses hereof, and such Rece;ver shaH have all the broad and effective funcs.ons a~d powers in anyw~se emrusted by a Cou~l to a Receiver, a=~d
s,:h appointment shall bc made by svch Court as an admitted equity and a matter of absot~te r~gh1 to said MORTGAGEE, and without refere~xe to th~
a~_~quacy a inadeq~acy of the vatue of the property mortgaged or to the so,venq or mzoivency of sa~d MORTGAGOR os the defendants, and ~hat such
~~r,~s, prof~fs, income, issues and revenues shal{ be applied by such Receiver accord~ny to the lien w equity of aa~d MORTGAC'iEE and the pracGce of such
Court. -
8. To duty, promprly and fully pertorm, d~scha~ge, execute, effecr, complete, comply with and ab~de by each and every the stipulations, agreements,
conditions and covenants in smd pran~ssory note and this mortgage set fwih.
9. That in the event the ownersh~p of the mortgaged premises, or any part thereof, 6ecomes vested in a perwn other than t~ MORTGAGpR, fhe
:'.ORTGAGEE its su~cessors and ass~gns, may, wirhout not~ce ro rhe A10RTGAOR, deal w;th such s~ccesso~ a successor in interest wiih ~eference to this
^ o~t9age and the d_b~ hereby secvred in ?he same manner as with Mortgago~ withou~ in any ~vay viuating or d~scha~ging the Mortgagors' liability here.
::~~der or uaon the drbt hereb~ secured. No sa!e of the premises hereby mortgaged and no (orbea~ance oa the perr of the MORIGAGEE or i~s wccessors
c~ ass~gns and no exrenslon of the ~i:ne fo~ the payment of thp debt hereby sec~red qiven by tfie MORTGAGEE or its s~ccessors w ass+gns, a~~all operate
to re!ease, d~schurge, mod~fy change or affect the orig~nal liab:l~ty of the MORTGAGOR herein, either in who(e or in part.
10_ It is spedFica{iy a9~eed iha! ti,ne is of the essen~e of this contract and Ihat no waiver of any obt;gat~on hereunder or of the obligation sc
c~red hereby shaf~ at any time the~eafier ~ held to be a waiver of the terms hereof or of the instrument secu~ed herby_
I 1. In add.tion to ft:e faregc og monfh!y payments of princ pal and interest required by the prom~sscry no!e secwed hereby, mortgagor covenan?s
d ag~ees to pay to mo•tgagce v.~cA each monthiy payr.~ent an add~rional svm esumated by mortgagee to kx equal to l, 12 of the an~ual cost of the foUow-
A-At~ rea! p~openy faxrs !e.~~d os assessed aga;•ist thc above described real estate.
B- Pr~~.~u:ns on fne and w:r.dstorm ~nw~acce as nerein requ;red to be carr~ed on the ~mproveme~ts s~t~ate on the above desc~ibed premises_
C-P:e~n~~n~s on such mo:tg;ge guaranty insura~~ce as mortgagee s6all from rme ro time deem fit to carry on the loan secured hereby,
Mortgagee s!~a:! frorn t~me to ti ~e notify mortgagcr ~n writ~ng of the amov~t due a~d payable hereundr. and such su~~ shall thereupon be due and
.+r3b!e on tha due oare oi th~ next month!y payment and each successive month thereafrer ur,tii mortgagee sha!I notify mortgagor of a thange in suth
+ ounr Svch wms sFa:i be appii~d by mortgag~e toward the payment of rea! property taxes, insura~ece prem:ums, a~.d mortgage g~aranry insurartce
. •emiums.
IN \'~ITPJESS :b'HEREOF, the said MORTGAGOR has here~nto set his ha~d and scal the day and year first aforesaid.
Signed, Sealed and ' ered in presence of: /
~--Q ---~/~/!13''''Q (Sealj
~Bertha Harris. a sinqle adu~,,~~
_
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- r5eaq
,
STATE OF FIORIDA
~OUNTY OF St • LL1C 16 ;
Before me personally appeared - Bertha HaYl'15~ a single adult _ ~
, - his w~~e, to me well known and known to me to be
!~~e ind~~~duat descr;bed in and who execured the foregaing instrume~f, and acknowledged before me that.~he,~ executed the aame for the purposes
' rherein expressed. ~wd~ti~e-seid____ ~ ~
fe ~oL ~he raid _ ~~QQ~ . " . s ' _
~r.milr~lort t' n~lr Taken'slpardf! ~H~ ~fdrT f1aFR fl~?Zl1d fNSbend; aciufdwAldg~~ b~s~ beferw n+e ihet~~ ~xl~~1e~ seklti~lf?ornMlif!lAri~l1~0~ •
~ r ~1y-awi w.el.ow-a~y .o~.,ps~~owreo~s+re+~a.-aeP~ehe. ~ '*i~ 4esrrof w ironr hrr sald~FieiDw~eJ~ ~ - : .
:;r;~`': : ,
WItNE55 my hand and officia! sea! this_~_ day of '~~~q~
~
Nota Public in and i t State of EtQrida 1t lar~ - .
My Commission expires: ~
Retum To: 2,~;r ~!i j _
J
First Federal Savings 3 loan Associat;on ,
Of iort P,rce •
Fo« P~e~ce. Fic,~~3 f~~co ~ft~~aeo . ~ _
~ sr.tuc~~ ~QJh~I'f~{.
P.O~: - ~ ~;~I' ~AS
RF/!r~or~x :CtiIT COURT (c
This Instrument Prepared By ~ J. H. Raberts, Jr. -tf~~~
First Federaf Savings 8 Loan Association (j
ot Fort Pierce ~ FZorida ~~v 3 38 PM ~11
Checked By 231820
~~~K~03 ~~~f1540
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