Loading...
HomeMy WebLinkAbout2368 3. To ptace and coneinuously keep on the bui:d~ngs now or hereaf~er ~ltuate on sa~d land and on al{ equipmenl dnt~ personally coverrd by ~his ma ege, w~th all premivms ~hereon pa~d in i~ll, fue insurance ~n ~he ~sual standard po~icy (o~m, i~ a sum appro~ed by ~he MOR+CrAGEE, and winds~o ~~~wrance in the ~sual srandard pof.cy lo~m, in a sum approved by the MORiGAGEE, in sucF~ company o~ compan~es as the MORiGAGEE i++ d~rea; a~d alt !ire and w;ndstorm insu.ance poGues on any of sa~d bu~Id:ngs, any interest the~ein or par~ thereof, in the aggrrga+e sum aforesaid in excess thcrcoi, shall :onra~o ~he usual standard mortgag~e clause a wch o~her clause as ~ha Morega9ee may ~equ~re, ma?inq ti~r loss ur~der sa~d po c~..~s, each and every, payabte ro sa~d b~ORTGAGEE at its inte~ru may appear, and each and evrry ~vth poiky shall be promp~ty ass gnrd and de~ivered ti any held by sa~d b10R1GAGEE as iunhei seturity to said ma~tgage deb~, and, not less lhan ten (10) days i~ ad,rance ot the expirat~on ol each pol~cy, ro d. ~~ver ro said AtiORiGAGEE a renewal tnereof, togeiher with a receipt Io~ rhe p~emium o( such renewai; and ~here sh311 be m iue or w~nds~o~m inso~ant placed oo any of sa~d build~ngs, any intereat there~o w pa~t thereof, unfess in the (orm and with the loss payable as aforesaid; ard in the evenl any sun of monty beto~~es p~yable under suth policy o~ ~olities said MORTGAG"cE shall have the opYwn to recaivcr and app'.y the sarne on account of the indrbfcd ~ ness secured hereby a to perrn~t said MORTGAGORS to receive and uu it a any part ~h?rcof tor o:hrr purp:scs, v.~ii~o~t ih,.~J/ 'N1W113 c~ ~n:p.,ir ; ~ng any equ~ry, I~en a~~ght undzr w by virtue of thia mortgage; a~d in the evem sa~d MORTGAGORS shall for any reason fail to keep the said premises so ~nsured, or fail to deliver promptly any of said pot~cies of insurance fo said MORTGAGEE, o~ I~;! pro,nprly to pay tu:ly any prem~um therefor u in any respect iail to perform, discharge, execute, eifett, complete, comply with and abide by this tovana~v, or any parl hareof, sa~d MORTGAGEE may place a~~tl pay for auch insurance or any part thereof withou~ waiving or affecting any option, tien, equity, or ri~ht under or by virrue of rh;s Mo~tgage, and the tutl arnounr o! each a~d eve.y such paymero shall be immediatety due and payaDle and shall bear interes~ from the date thc~eoF until paid at ~he rate oi ~~.ne per centum per annum and to~rther with suth interest shali be setured by the litn O( lhis mortgage. 1. To permit, commit or sutfer no waste, impairr.xnt or deterioration of said property w any part thereof. 5. To pay all and singular the costs, charges and expenses, incfucling a reasonable attorney's fee ahd cosrs of abstrads of title, incurred or paid at any Y~rr.e by said MORTGAG:E, because w in the e~ent of the failure on the part of ~he said MORTGAGOR to duty, promptly and fully perfwm, d~xharge. ~accute, efieo, canplete, c~+nply with and ab:de by each a~d every the stipu~at~o~s, agreemenss, conditions, and tovenants of sa~d profnissory note and this ,~orsgage any or e~ther, and sa:d costs, charges and expenses, eath and every, shall be immediately due and payab:e; whether w not there be nor~ce d~ ~~a•id, a1te~»pt to collect or suit pend~ng; and the full amo~nt oi each and every such payment shatl bear interest from the date thereof until paid at the r~• os n~ne per ccntum µer ann~:n; aod all said costs, charges a~d ex~nsea irxurred w paid, together w~th such interest, shall be secured by the lien ot this mo~lgage. 6. That (a) in the event of any breach of this Mwtgage or default on tF~ pa?t of the MORTGAGOR, or (b) in the event any of sa;d sums of money he.ein retrrred to be not prompNy and fuily paid within thuty (30) days next afrer the same severatty betome due and payable, without demand or notice, or (c) in the evem each and every the stiputa~ions, agreemems, cond~sia,s a~d covenann o4 sa;d promissory no~e and th~s mortgage any w either are not i~~y, p~ompNy a~d fully performed, d:uharged, executed, eifected, compteted, compl~ed w~fh and ab;ded ~iy, then in e~ther w any such eveot the said ag- ar_~garr sum mennoned in aaid promissory note then remairting un;~aid, with interest accrued, and ail moneys setured hereby, shall become due and pay- ea e forthw~th, or ehereaf~er, at the option of said MOR7GAGEE, as fu:ty and complerely as ii all of the wid sums of money were or~ginally stiputated ro be pa:d on svch dcy, anything in sa:d promiaswy note or in this Mortgage to the contrary norwithstanding; and thereupon or thereafter at the option of s.,:J b10RTGAGFE, wnho~s not~ca or demand, suit at law w in equity, there(ore or thereafrer begun, may be prosecuted as if all moneys secured hereby n.:d matured pr~or to its institut~on. 7. Thai in tne event that at the beginni~g of or at any time pending any suit upon this Mo.tgage, w to fweclose if, ar fo reform it, or to enfwce F-ayment of any tlaims hereunder, said MORTGAGEE shall apply to the Court having jur~sd~n~on therrof for the appo;ntmem of a Receiver, wch Cour~ shall te,rhwith appoint a r~eiver of said mortgaged property all and singutar, includ~ng all a~~d sing~lar the ir.come, prol~ts, issues and revenues irom whatever s: u~ce drrived, ezch and every of wh;ch, it being expressly unde~srood, is hereby mongaged as ;f spec;fitalty set fwtF. and described in the granting and t.~bendum dauses hereoi, and such Receiver shall have all the broad and effective funet•ons and powers in anywise enfrusted by a Court to a Receiver, and s, ch appoin!menf shn11 be made by such Court as an admitted equ~ty and a mauer of absoiute right to said MORTGAGEE, and without referertce to the r..;~~yuaty or inadequacy ot thQ val~e of the property mortgaged or to the so.vency or insotvency of said MORiGAGOR or the defendants, artd that wch ~+s, proi~ts, inco,ne, iswes and reveaues shall be applied by such Receiver accordmg to the tien o~ eq~ity of sa~d MORiGAGEE a~d the practice of auch Court, 8. To de.:y, promptty and fully perfo~m, dis~harge, execufe, effect, complete, comply with and abide by each and every the stipulations, agreementa, condit~o~s and covenanrs ~n sa~d promissory notp and this mortgage szt forlh. ' 9. That in the event the ownership of the mortgaged premises, or any parf thereof, becomes vested in a per~n other than the MLIRTGAGOR, the :'.~RTGAGff, its s~:cessors and ass~gns, may, without norice ro tiw A10R7GAOR, deal wilh such successw or successor in interest with reference to this x~gage and rhe debt hereby secured in the same manner as with ldortgagor w~thout in any way vitEating w d~scharging the Mortgagors' liability here- .~~der or upon the d~bt hereby secured. No sale of the p~em~ses h~reby mortgaged ar.d oo (orbearance on rhe part of the I'dORTGAGEE or 'rts ~uccessors o~ ass~gns and no exrer.s~on of fhe time for the payment of the ~ebt hereby secured given by the MORTGAGEE or its successws or assigns, at~alt operate ro retease, d~scharge, modify change oi aifect the originai lian~lity of the MORiGAGOR herein, either in whole or in part. 10. It is spesif:cally agreed that time is of the essence of this contract and that n~ waiver of any ob(~gat~on hereunder or of the obfgation se- <ured he~eby shali at any t~me ~hereaher be held to be a waiver of the terms hcreof or of the instrument secured herby. I1, In add.tio~ to the f~reyo'ng monthly paymeros of princ pal and interest required by the p~om:sscry no!e sc-cured hereby, mortgagor tovenanls •~:d agr~es ro gay to mortgagee v~ith ea:h monthly pay~.tent an ad3~~ional sum est•n~ated by mwtgagee to be equal to 1, 12 of 1Sie annual cost of ihe ioliow- A-AI! real F;roperty tar_s Ici;e~ or assessed agai~st the above described real esfate_ 6--Fr;:,:;u~ns on f~re and windstorm insurar.ce as Ferein requ:red to be carried on the imarovemeits s~tuate on the above d=scribed premises. C-Pre=~~:::rs o~~ such mortgage guaranty ir.surar,ce as mortgagee shail from t~me to time deem fit to carry on the loan secured 6ereby_ llortgaqee s~:a!! f•cm t~me to t~me notify mortgagor in writ~ng of the amou~t dve and payable hereundrs and sucb su.-n shai! thereupon be due and _.;b!e on th~ (7,3E' (]3« of the next month!y payment and each successive momh thereafter uctil mortgagee shall notify monga9or of a change in such ovnt. Such s~ms sFa'.1 be app:ied by mortgagee toward the paymeM of real property taxes, i~surance prem:ums, and mortgage guaranty inwrance . e•niums. IN 1VfTNESS ':.'H:REOF, the sa~d MORTGAGOR has hereunto set his har,d and seal the day and year first afwesaid. ~Si ned, Seated and delivered in the presence of: ` ` l ~j~ 1'~i ~7 ~d `,~C-u-i-~ft-.AJ t./~KQhi'~~ tteal) , ~ a C. Ha n tsea>> _ a~~ - Ra nd D. Harmon ~~ai~ Sir.iE OF FLORIDA ~ 'J:i'JTY Of St. Lucie 1 Before me personally appeared ~P_YIH S_ N~T'RIAfl and _ RAV~nond D H rmon hP r h» aha ru~ s *It~lf~, to me vrell known a~d known to me to be t~ = ind~viduais de:uibed in and who executed the foregoing instrumenr, and acknowledged befwe me tbat they executed the same fw the purposes therein expressed. And !he said Raena ~i. Harmon ::;fe of rhe sa~d ~taymond D Harmon eipdn e~beaq.ate and private ' _.am:nat~on by me taKen separate and apart from her said husband, atknow{edged to and befwe rrx that she exelD~~il~s~lSAlfMry~r~~ freety artd volun- :•~i~ ar~d w~thout any computsion, constraint, apprehension, or fear of or from her said husband. : ' ~VlTVE55 my hand and offic~al seal thl:_ 28tt1 day of J~ ~ •••~'.,q, D. 19~ n' ~ ~:i - ~ J Notary Pubtic i~ snd Fot the S, e, of Fto~id~, et Large My Comm~ssion eapirei: ryJ•.. ! L ^ Retum To: . y f;rst federal Savings E loan Associat~on ~P3~j~„~?~' ~~p~f~OTtIDAat LARGB Oi Fo~t P e~ce. liy .CpYlIN1$,~10~ eXP,RES SEPT. 25, 191~ Fo~: P~e:ce, Flo.lda BpnQlQ ~ AI~'tiC~A~$3nk:rs Insutante Cq~ ~34~15 This Instrument Prepared By~Chard K. Kayes r! tED AND RECOR~ED First Federal Savings 8~ Loan Association ZT.lUC1E COUNTY flA. at Fo?t Pierce ~ FzOri~da ~IEP.IC Ct~CUt1 COURT RECORO Yr~!FIE+J ' Checked By ~ Arrc 1 2 oi PM '7Z no~K ~cf2~~,'~' , - - - : _ ._f : n . F - ~ ~ ° , _ _ . . _ ~ ~ .