The URL can be used to link to this page

Home My WebLink About1146 3 3. To place and continuously keep on the bu~:dingi now w hereatter situats on ~ald land and on al1 equip~nent and persona!ly covered by this mor ege, with all premiums thereo~ pa~d in full, fire insuraote in the usual standatd poli~y lorm, in a aum approve.~ by the MORiGAGEE, and windsto i~~wance In tM usual srandard pol:cy form, in a sum approved by tFre MORTGAGEE, in tuch canpany or conipan~es as tha kIORTGAGEE m direct; and all fire and wiodstorm irtsurance poGuas on any of aaid build~ngs, any ioterest the~cin or part thrreoi, io the agqreya~e sum aforesa~d in excess the~eof, shaN tontain ~he usual s?anda~d, matqagae clause or such other clause ai Ihe Mortgagee may ~eq~~re, maAing the loss undrr sa~d po c~es, each and every, payab:e ~o sa~d A10RiGAGEE as its interest may +ppea~, •nd each and every wch poi~cy shaU be promptly ass gned a~d dei~vered ~ any held by said MORTGAGEE as further security to sa~d mortgage debt, and, not les~ ~han ten O0) days in adYance of ~he expi~ation of each poGcy, to d. Gver to sa~d MORTGAGEE a rcnewal thereof, togNhrr wi~h a rece~p? fo? the premium of wch renewal; and ~here shall be no f~re or yv~nds~orm insuranc placed o~ any of said buildings, any inte:est there:n or parf thcreof, unlesa in ~he form and wi~h the loss pa~ab!e as aEoresaid; and in the even~ any sun ' of money becon,es payable unde~ such policy or poGcies said MORiGAGEE shall have the opiton to receive ~nd apply the sa~ne on account oi the indebted ness secured hareby or ro pe~mit sairJ MORiGAGORS lo reteive and use it p any part thereof ior o:n~r purFosvs, ~v+~hout ih~~~ur :v:.iwi.~3 cr ~mpair ' ~ng any equity, lien a right unde~ or by virtue of tAis mo:tgsge; and in the event sa;d MORTGAGORS shall fw any ?eason fail to keep the sa~d prem~srs so ~nsured, or fail to deliver promptly any oi said policies of insurante to said MORTGAGEE, w fail p:omptly 1o pay fully any premium therefor or in any respett lail to pe~twm, discharge, execute, eifecl, complete, comply with and ab~de by fhis covenant, or any pa~t hrreof, said MORTGAGEE may place and - pay for such inw~ance or any pan thereo/ without waiving w ~ffecting any qption, lien, eqvity, or right under or by virtue of this Matgage, and tht w~ full amounl of each and every such payment ~hall be immedistely due and payable and sF,all bear interest from the date thereof untit pa~d at the rate ot nine per ce~tum per annum and to~ethrr with such inte~est shali be secured by the lien of tbis morfgage. 4. To Fxrmit, commit or suffer rto waste, impai~ment a deteriorotion of :aid p~operty or any pa~t thereof. 5. To pay all and singulu the costs, charges and expenus, including a reasonable attwney i fee and costs oi abstracts of title, incurred o~ pa~d at any lime by said MORiGAG:E, betause or in the event of the failure on the part of-~he said MORTGAGOR so duty, promptty and Futty perlorm, d~xha.ge. axecute, effec~, comptete, comply w~tfi and ab:dr by eacl~ and every the stipula~~ons, sgreements, conditioni, and covenants of said promissory note and ~his n,ortgage any o~ e~the?, and sa:d costs, charges and expenses, each and every, shall be immediatety due and payabte; whether w not there be notice da mand, attempt to colled or suit pending; aod the futf amount of each and every such paymenr shal! bea~ interest from ~he date thereof uroil paid at the ~.~~e of nine per czntum ~x:r ~roium; and all said costs, chargas and expenses inturred or paid, togzther w~th such imerest, shall be secured by the tien of thii mortgage. 6_ Thst (a) in the event of any breach of this Mortgage or defautt on tF+e part of the MORtGAGOR, or (b) in the event any oi said sums of money herein referred to be not prompfly and futly paid within fhirty (30) days next after the same severally become due and payable, withoui demand o~ notice, or (c) in the event each a~d every Ihe stipu~ations, agreements, conditio~s and covenants of sa:d promissory note and th~s nwrtgage a~y o~ either are no1 ~uly, promptly and ful(y perfwmed, d~sciwrged, executed, effeUed, complered, complied with and ab~ded 5y, the~ in e~ther w any such event the sa~d ag 9regate sum mentioned in said promissory note then ~emaining unpaid, with interest atcrued, and a11 mo~eys setured hereby, shall become due and pay able fo?thwith, w thereafter, at the option of said MORTGAGEE, as fulty and completely as if all of tFm said sums of money were aiginaliy stipulated ro be pa;d on wch day, anything in sa:d promissory note or in this Mwtgage to the contrary notwithstanding; and thereupon w thereafter at the opt~on of said MORTGAGEE, witnout notice or demand, suit at law or in eq~ity, therefore ot fhereaiter beg~n, may be prosecuted as if all moneys secured hereby had.matured p~~or /o its institution. 7. That in the event that at the beginn~ng of or at any time pe~dirig any suit upon this Mo.tgage, or to fo~eclose it, or to reform it, or to enforce payment of any claims hereunder, ;aid MORTGAGEE shall apply to the Court h~ving ~ju~isd~ction thereof fo~ the appointment of a Receiver, such Court shall Forrhwith appeint a receiver of sa~d morigaged properry all and singutar, includ,ng a)1 and singutar the irxome, prof~ts, :ssues and revenues from whatever source derived, each and every of wh~ch, it being exFressty understood, is hereby morfgaged as if spec~ficatly set forth a~d dexribed in the graro~ng and habendum clauses hereof, and such Receiver shall heve all the b.oad and effeci~ve func~~ons and powers irt anywise entrusted by a Court to a Receiver, and s:ch appointment shall be made by such Court as an ad~nitted equity and a matter of absolute right to faid MORTGAGEE, and without refe~ente fo the adequacy or inadequacy of the value of the property mortgaged or to the soivency or inso~vency of said MORiGAGOR a the defendants, and that such rems, profits, incane, issues and revenues shall be applied by such Receiver accord;ng to the lien or equity of said MORTGAGEE and the praUice of such CouA. 8. To duly, promptly and fully perForm, discharge, execute, effect, cornplete, comply wilh and abide by each and every the stipu(atio~s, agreements, conditwns and covennnts in said promissory note and this mottgage set fwrh. 9. That in the event the ownership of the mortgaged premises, w any part thereof, 6ecomes vested in a person other than the MORTGAGOR, the h".ORTGAGEE, its succeuors and assigns, may, withouf nofice to the MORTGAOR, deal wifh such successor or succeasor in interest with reterence to this n,ortgage and the debt hereby setured in the same manner as with hlortgagor without in-any way vitiating or discharging the Mortgagors' liability her~ unde~ or upon the dQbt hereby secured. No sale of the premises hereby mortgaged and no forbearance o~ the part of the IAORTGAGEE w its successors or assigns and no extension of the time fw the payme~t of the debt hareby secured given by the MORTGAGEE or its succeuws or assigns, a~iall optrate to reiease, d~scharge, modify change or affect the original liabil;ty of the MORTGAGOR herein, tither in whole or in part. 10. es spec~fically agreed that time is of the essence of this controct and that no waiver of any obl~gation hereunder ot of the oblgaYan se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof ot of the instrument secured herby, ' 11. tn add~tion to the forego~ng monthly payments of prin~ pal and interest required by the prom~ssory no~e secured hereby, mortgagar covenaMs and agrces to pay to mortgagee rtiith each momhfy pay,aent an addhional sum est~mated by mortgagee to be equaf to 1,'12 of the annual cost of the follow- in~: . . A-AI! real property taxrs levied or assessed agai~st thc above descri5ed real estate. B-Premiums on fire and w~ndstorm i~surar.ce as herein requ~red to be carried en the improveme~ts sitvare on the above dascribed p?emises. C-Premiums on soch mortgage guaranty e~surar,ce as mor?gagee shall from Gme to time deem ft to tarry on the loan secured hereby. Mortgagee st~all from time to time notiiy mo~tgagor in writing of the amo~:nt due and payable hereundrr and suth surn shal) thereupon be due and F ayable on the due date of the next month!y payment and each successive month thereaft~r ur,til mortgagee shatl notify mortgagor of a chartge in such a*,ounf. Such s~ms shai! be app!ied by mortgagee toward ttx payment of real property taxes, insurante prem;ums, a~id mortgage guaranty insurance nremiums. IN YJITNESS `NHEREOf, the said MORTGAGOR has hereunto set his hand and seat ttx day and year firs f esaid. Signed, Sealed and delivered in rhe presence f: ~ ~ an ~ C'~ .~A ~ (SeaD - ~ L ~ (Seaq SiATE Of F!O IDA I COUNTY OF $t . 1.11C le ~ ~ ' Franklin A. Harris a~ ~ i Befwe me perwnally appeared valerie V. Haxris bis wife, to me well known and known to me to be I the ind;riduals desuibed in and who execvted the foregoing instrument, and acknowiedged before me that tF?ey executed the same for the purposes rherei~ expressed. And the said vdleYlQ Harris ~ ~.~re of r?,~ said Franklin A. Harris i upon a separate and private examFnation ay r.ie ta4en separete and apart from her said husba+~d, ackrwwledged to and before me that sbe executed said instrument freely and voluo- rar~ly and w~thout any compuision, constraint, apprehension, pE fear of or from her said husband. a~ WITNESS my hand and official seal this day of JuIY A. D. 19 72 ~ Nota ublic in and for t State of Florida at Large My missiort expires:~,~_ G / 9 7.3` Return To: ~ F~rst Federal Savi~gs a loan Auociat~on NOTARY PUg~~C gTATE OF FLORIbA AT l.A Of Fort P:erce. ~i'-, ~~~MISSRON EXpfRES AUG. 6, 197~ Forr P~erce, F?o~ida GENERAL INSURANCE UNDERWRITER$„ ~ This Instrument Prepared By 14m. E. E3raun ; I~CO~1~~F4~+ First Federal 5avings 8~ loan Association . . ~Etl POtT~A ~ of Fort Pierce , Florida . ~.'1 ItECORDYER~I IEO n~~T ' Checked By , ~ ~ - ~ . ~,1! 4 ot ~M'li ~ . ; : - - 233b08 ; _ - - - - - - - ~.~,.~~~,3.~~ ~x.:~ ~ . ,~:<4.~~ ~ ~