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HomeMy WebLinkAbout0407 3. To place and contin~o~sly keep on ihe bui:d~ngs ~ow or herea(ter situate on sa~d land and on aIi equipment and per~onally covered by this mor ege, w~th dll preniiums theieon pa.d ~n lutl, tee insurance in the usual Stand~rd policy form, in a sum aHprored by the MURIGAGEE, and windsto Insurarte in ihe usual s!andard po:~cy form, in a svm epprovet~ by lhe MORTCiA(~iEE, in such company or tompan~es as the MORTGAGEE m duech and all fire and wmdstorm ~nsu~ance polic~es on any oi sa~d bu~~d;ngs, any iMeres~ therein or part thereof, in 1he aggregate sum alaesaid ~n excess thereof, shall :onr.,in ~he use:al sta~edard mo~tgagee cfause or such othei clause as the Mortgagee may reqw~e, making the ioss ~nJrr sa~d po .~es, eath and every, par.;b:e to said h10RiGAGEE as ~ts intcrc•st may appeer, and each and every svch potic/ sha11 be promptly ass g~~ed and t~eiivcred ~ ani he1J 6y sa~d btOR(GAGfE as further security to said mortgage debt. and, not less than ten (10) days in advance of the expiration of each po6cy, to d~ I,ver to sa~d A1GR~GAGEE a r~newal thereof, together with a rece~pt for the p~rm~um of such rene~.val; and the~e shall be no 1~re or windstoam inwranc p!3ced on any oi sa~d bu~ld~+~gs, any interest therem or part thereof, unless in ~he (orm and wiih the loss payabte as afcresaid; a~d in the eve~t any w~ of money becomes payab:e unJer such policy w poGcies said MORTGAGEE shall have the opt~on to rece~ve enJ app!y the san:e on accoun~ of the ind~btrd n~~ss secured hereby or ro perm~t sa~d MORTGAGORS ro receive and use il or any part thereof ior ovn•:r ~.ur,.os~s, .•n~iic~f ~lu~. ~r h~~~~ ~3 ~r ~'~~P~~' ~ny any equ ty, licn or right undar or by virtue of this mor.gage; and in Ihe event sa~d MORiGAGORS shall for any reason fail to krep the saiJ p'emisrs so ;ns~red, or fail to deliver promptly any of said po~~cies of insurante 1o said MORTGAGEE, ot f~it promptly to pay fu'~ty ony premwm therefor or in a~! ~espeu lail to perform, d~scharge, execute, eifed, completa, comp7y with and abide by this covenunt, or any part hrreof, said /hGRTGAGEE may p~ace a ~C F~~i for such insur.ince or any pa~t thereof without waiving or aifecting any optio~, lien, equ~ty, or nght under or by virtue of th~s ~t~ortgage, and thc i~:! a~novnt of eath and every su.h payr.ient shal! be immediately due and payable and shall brar inferest from ~ha Jate thercof until paid at the rate of c per centurn per annu:n ~nd togefh,•r w~th Suth interest shaii !x Sawred by the lien of this mortgage. d. To permi?, commit w s~~fier no waste, impairment or deter~oration of said property or any part thereof. 5. To pay all and a~ngular the costs, charges and expenses, induding a reasonable atromey's fee and costs of abstracts of title, incurred or pa~d at ti~r.e by said MOR(GAG:E, beca~se or in the event of the failure on the part of ~he said MORTGAGOR to duty, promptly and futly periorm, d~scharge, •:~te, effed, complete, comply wnh and ab:de by each an~ every the stipulanons, agreemems, conditions, and covenants of sa~d promissory note and th~s •,~~tgage any or e~ther, and sa:d costs, charqes and expenses, each and every, shall be im~nediately due and payable; whether or not there be notice dz ,•~d, atrempt to col~ect or svit pend~ng; and the full arnount oF each and every wch paymem shall bear imeres~ from the date thereof umil paid at the o{ n~ne per crnwm per an+~u.~.; cnd a~l said custs, cnarges and ex~enses irxurred or paid, together ~v~th such inrerest, shall be secured by the lien of thb rT~. o r tgage. 6. That (a) in the event of any breach of this Mortgage or default on the part of the MORTGl~GOR, or (b) in the event any of sa:d sums of money !:•re~n referred to be ~ot promptty and fully paid within th~rty (30) days next aiter the same seve~a'ty hecome due and payable, withou~ de~'~and or notice. or in the evem each and every th: stiputations, agreements, conditions and covenants oF sa.d promissory note and ~h~s mortgage any or eithe~ are oot j~' V. F~0'nptly and ful{y pertormed, d scharged, execu~ed, effected, completed, compfied with artd abided 5y, then in e~ther or any such evem the sa~d ag ~r•.3ate sum rnentioned in said promissory note then remain~ng unpaid, with interest accrued, and a~l moneys secured hereby, shatl become due and pay- .1U.B fO/tllWlf~1, o~ therea4te~, at the opt~on oi said MORTGAGEE, as fully and completely as ii all of the said sums of money were ong~nally stipu~ated to br pa:d on such day, anything in sa.d promissory note or in this Mwtgage to the conrrary notwi~hstanding; and thereupon w thereafter ai the opt~on of s,.~ MORTGAGEE, w~~hout nonce or demand, suit at taw or in equity, therefore or thereafter begun, may be prosecuted as if all moneys srcured hereby r._d matured pnor to ~ts inslituhon. 7, That in the ever,? tt,a! at the beginning of or at any time pending any suit upon this Mortgage, w to ~oreclose it, or to reform it, o~ to enforte e~,:nem o! any ciaims here~nder, said IJIORTGAGEE shall apply to the Court having jurisdlction thereof for the appoimmem of a Receiver, such Co~rt shall icr!hwith appolN a rece~+er of said mortgag~-d property all and singu[ar, inctud~ng all a:~d singular the income, p~ofds, issues and revenues from whatever s_:.~•ce derived, each and every of wh~ch, ~t be~ng expressly understood, is hereby mortgaged as ii spec;fically set forth and describsd in ~he g~anting a~d h,::endum da~ses hereof, and such Receiver shail have alf the broad and effct~ive funct~ons and povrers in anyw~se emrusted by a Court to a Receiver, and s-ch nppointme~it shafl be made by such Court as an ad~nitted equity and a matter of absoiute riyht to said MORTGAGEE, and wichout reference to the ad:auacy or inadequacy of the va!ue of the property morigaged or to the solvency or inso~ve~cy of said MORTGAGOR w the defendants, and that such ,rs, profits, ir.co.ne, issves and revenues shall 6e applied by such keceiver accord~ng to the lie~ or equity of said MORiGAGEE a~d the pravice of such Cuurt. 8. To dufy, promptty and fully perform, discharge, execute, effect, complete, comply with and abide by each and every ihe stiputations, agreements, co~.ditions and covenanrs in sa~d promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the :~RTGAGEE, its successors and assigns, may, without notice to the A50RTGAOR, deal with such successor or svccessor in interes~ with refe~ence_ to this o•tgage and the d~b~ hereby sewr¢~! in the same manner as with Mortgagor without in any way vitiating or d~scha~ging the Mortgagors' liability here~ der or upon the debt hrreby secured. No sale of the Frem~ses hereby mortgaged and no forbearance on the part of the 1dOR1GAGEE or its successors o- ass~gns and no ezrens~on of the time for the payment of the debt hereby setured given by the MORTGAGEE or its suctesson or ass~gns, ~hall operate ro re~ease, d~scharge, mod~fy change or affect the orig~nal IiabiGry of the MORTGAGOR herein, either`in whole or in part. 10. It is spec~4~c:iliy agreed Ihat time is of the essence of this contrad and that no waiver of any obligat~on hereunder o? of Ihe obligat"an se- cwed hereby shali at ai:y time thzreatre~ be hetd to be a wa~ver of the terms hereof w of the ins~rument sewred herby. 11. In add.t:c~ to th= forego ng month'y paym~nts of princ pal and interest required by the promissory no!e secured hereb~, mortga3or covenants d agr_es to pay to r;o•tgayee ~nith each monthiy pay~.:ent an add~rional sum est~mated by mortgagee to be equa! to 1, 12 of the annua! tost of 1he follow- A-All rcaf prcpe~ty taxes levied or assessed agai~st the above described real estate. B- Frr~~:~u~:~z o~ f~rz• and .v~ndstorm insurar.ce as here~n requ~red to be carried on the ~mprovemeMS rtvate on the above described premises. Ij C-Pre~niur..s o? such mortgage guaranty ir.svrar,ce as mortgagee shaH from t~me to ti~ne deem fit to carry on the loan secured hereby. t Mortgagee sti.+ ~ frc~, t~~ne to tin,e netify mo.tgagor in writ~ng of the amou~t due and payable hereundrr and such sum shall thercupon be due and ~ ,,ble on tha d~,_• c:ee of ~h~ ne,ct n,onth.~ payment and each wccess~ve month thereaftor ~rei! mcrtgagee shall notify mortgagor of a change in such ~unt. Such sums s~ a± 6e aF:{•'ied by mortqagae toward the payment of reat property tdxes, insura~xe prem.ums, and mortgage g~aranty insurance ••.~ums. ~ IN ~'~lTPJESS :'1HER~OF, the sa~d N10RTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ~ ' Signed, Seated and d ed i he presence of: ~ //L1/']~ ~ ~f7-JY'G'i- v : . `-Z j,~~_ tjraij . Robert P. ar ss ~~,q ,e~..~~i.fi_S~ ~ (Seaq ~ . Cary Harless ~~aq S~%:7E OF FIORIDA 1 $t • I.L1C 1@ t SS. ~ ~U'dTY OF ~ Before me personally appeared Robert P Harleec and Cary L. Harless his wife, to me well known and known to me to be ~i•,_ inJivid~ats described in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes •~•r~in expressed. And the said__ CarY L. Harless r: ~e of the sa~d - Robert P• Harless , upon a seperate and private •,,m~nat~on by me ta~en separate and apart from her said husband, acknowledged to and befo~e me that she execufed said instrvment frcely and voluo- -~.y and w~thout any compulsion, censtraim, appreh~,~:on, or fear of or from her said husband. ~ WITNESS my hand and officlal seal this__ ~ day of t I~e '=.A. D. ~1972 ~ N ary Public in an fo the State pf Ffori~a at Large ~ ~ My Commission expire 2 ' ~ Return To: ~ ~ ' ! J ~ First federal Savings a Loan Associat~on . - ~ ~f iUrt P :.•c~. - . Fort P~erce, Flcr~da F~~p 11i' i't'LGt~D~O • ~ ST.LUC+t i.:z~fITY FLA. ~ FIOGin ' ....-eZA$ ~L., CLE.°.1t C ~ • :'J C~URT This Instrument Prepared By : Gary E. E11~?ood Rf~!'Rt' 7i ~~'FD ? First Federal Savings 8 Loan Association ~?'a S ~ 58 ) of F~rt Pierce~ Florida 33450 ~l L Checked BY ~~?!a)S~7 . ~ g00X~.VV t'AGf ( lh) - - - _ ; - - - ' ~ _ i~ ~ . ~-.r, r . : "=-Y~PYF .