HomeMy WebLinkAbout0981 3. io ~J.~ie ,+~:d conti~,~ous:v Kee~ ert the b~i:d~n9s now or h'r~e.;fter sit~ate on sa~d land and on a.1 c~~~pment and personally cov~:red by tfiis mor
i_le. W.Ih ill pr~'n:~~~:~5 'ii_ri~on F,~~CJ ~n full, firc inSUranCB iil tii~ u1~~i S1J"C~.J!c~ p0'.+C~ form, irl d Sum oHatOvc'~ bt ih2 r.1JR~:.a.+CiEE. d~~(~ w~~~dStO
~~wrsr,cr m ~hr ~s al if,,nd,~d po: cy fo~~n, in a sum ap~,ro.rd by rhe MJR7GAvEE, in such cor~+p~ny o~ co npan~es as the 1.tOR1GAGEE m
d,rict; and all '~re a:.d w~nclsrcnn insurance poi~cirs on any of s~~d b~~,d~ngs, any interrst ther~ui or part thcrou~, in the a99r,:gate w~n afo~esaid
excrss th~rcot, s'~a:l :ont,un rhe uw~l sra~,d.;rd morrg3gre uause or s~.h o~her uause as thz Prtortyagec may requ.re, making thz ~oss u,idrr smd po
::~s each a~~d r~:ery, pa,.,b'r ~o se+d ,`.1~ATGAGfE as ~ts mtc~ait may appear, and each ar.d every such po:.cy sha:l br proa,puy ass gn~d an~ de:iv~•red :
any hela by s~~d CC~:;AG~E ai f~nher scwrity to sa~d mor~gage daot, a~~d, not l.;ss ~han ten (101 days in od.~nce of th~ e~p~cat~on of each polfcy, to d~
.e~ to s,~~d '.10R~G:.Gi~ a rrn~ ~•ai th~reo(, togett~zr wirA a rece~pt for tht• p~•e~n~wn of such renrs.;!; ond ~here sl~a;l Oe no f.re or ~rindsto•~n insuranc
'.,c~.d on ar.y of S,, d ~u1'J,~,gs, any inrerest thrraln er part thereof, un!~ss in ~he form a•~d w~th ~he Icss paYab:e as ~foresaid; ar.d in the event any s~n
ot money brco~•~as p.;y,;~:e und~~r s~ch po:icy or poGcies said MORT(;AGEE nhall have the oNnon to rrc~_~va ~.~}d sppiy n:e same on account o( the indrbt~d
•ss sr::.rrd hc~,n~ or to p^rn~rt s~:d 1AORTGAGORS to rea•ive and use it or any p:,rt ~h•~:c~i tor o:~ ~ r ~.u~: os~~s. .::~iw.:t ih cr ::p,.~r
~ ~ any equ~t~, i.~n or r~y!,t und~~r or by vir~ue ot th~s mo:cgage; and in the event sa,d MORTGAGORS shaH br any reason fai! to k~cp 1he sa~d premis~~s so
s~r~d, or to d_'~.er pro~~;pf;y any of said pohc~es of ~nsurance fo sa.d h10RTGAGEE, or to,: F~:c~npcly ~o pay f~,:y ony pre~>>~~~n thrr~•for or in a:~y
s~ _cr fo~1 ro pcr!orm, d:;ch.,rye, execute, e~fect, co~nptete, conply wiih ar.d ab;de by ih~s co~enanL or any p.~rt hairof, s:+~d MORTG%~GEE may piace a~o
ior s..ch ~ns~~.,nce cr any F,rt tharcof w~thou! waiving or affecting any oNt:on, iiert, equ~ty, or ri3ht und~~. or by virtue of ?h~s Mortgage, and the
~:no~nt o1 c.,ch a, d e.ery s~ch pay~nent sha!! be immetiiately due a~x~ payab!e and shall bear interest from th~ dot~ ihercof unti? p..id dt the rate o1
e~,rr ,_•nt.~~n t er ai. ~,,.n anci !u~_iii~•r ni!h such inte•~•st Sh~~, br sacured by the iien o4 th~i mwfgage.
S. To {~er.nit, com~i~t or sufier no wasfe, impairment or detcrioration of sa~d propcrty or any part thareof.
c,. To pay afl ,~nd s~ngular the costs, charges ar.d expenses, ~ncluding a reaso~~abtc atrorney's fee and cests of absnac!s of title, inturred o* paid at
f.•, a by s.,~d A!'vR'GAG;E, because or in the event of the fa~wre on the part ot the s,id 610RTGAGOR ro duly, pro•nptly and fully pe~fonn, d~scnarge.
u'~•, rtreCt, te;n~:._te, co~np:~ wrth and ab.de by each and every ~h~ st~p~la~ ons, agree~nc~vs, tonditions, and covenants of sa~d prom;;sary note ond ?hu
_rrga•3_ any or e;rher, a:;d sa d costs, charges and eMpenses, each and every, shatl be immed~ate;y due and payab:e; whether or not there be no~ice d~
•~•.:1. ~tt~ ~,p~ to co.:ec? or suit pend,r,g; and the fvl! anrount of each and every wch payment shall bear inrerest from the date lhereof until paid at the
r~'•'~ c~~,... F.•_r ..~~~w ~r •::~d a+f sa~d covs, ci~a~grs a~~d rx~rnsez fnc~rred or paid, tog~ther w~th svth interest, sbelt be sxured by the I~en of this
_rtg~ge,
6. That :a~ in the e.ent of any brcach cf this hlortgage or defautt on fh~ part of the MQRTGAG~R, or ,b) in the event any of sa;d sums of money
•.';n re•`.'•r-d to ~;ot pr.:,r,p:ly and ;ull'/ pa{d tiv~ihin thaty i30i daXS naxc arr•~r th~ s~~ne se:cra::y becu~*;e due and payabte, without demand o~ no~ice,
~cl in ~hr e:ent e:ch and evcry the sr;~,u:at~ons, agreemenTS, co~~d:c~ons a~d covenants of sa.d prom;ssory note ar~d th.s mortgage any o~ either are no1
~ y, f~~o•~•pdY an~ i~:;y ~;.~rfy.n:ed, d.scharg_d, eaecured, eifrcted, comp~eted, compi~ed w~;h and ab~ded 5y, then in e~~her or any such event the sa~d ag-
,'~.~a'a su~n ~re•~n~•~ed in sa~d pro~:~+ssory r.ore then re+naininq unpa~d, w;th intere;t acuued, and e~t monrys setured hereby, st:afl become d~e and pay
t 1cr~h,1~sh, c. ri,~reatrer, at the op~~un of sa~d 610R1GAGEE, as fully and compleic~y as if atf of rh~ sald sums of monzy were or~ginaRy st~putated
•~,c p.: d on suth d:y, ar.y~h~ng in sa d p~om,ssory note or in thls Moriqagz ro the conrrary nor.v~rhsra^d~ng; a„d the~eupon or thereahcr at the opt~on of
M.ORTG.iGEE, v.rthovt noncz e. demand, suit at law or in equny, therefore or thereafier begvn, may be prosecuted as if all moneys secured hereby
r:f matured pr,or to ~ts ms~itur~on.
7. Thar ~n the e.c+,r rh,t at the beginning of or at any time pend~~~g any su~t upon ti,ia Mortgage, or to foreciose it, or to reform i?, or to enforce
. ~..,rn~ ei any r.,,•~:s h~•~,,:~a~r, said MORTGAG:E shall apply t~ the Court having ~u~isd:a:on thereot for thc appo.roment of a 2eceiver, wch Court shail
:.~'h .c}'::~ns a recei~er of s.vd mortgag~•d propcrty all and singular, ~ndud~ng a~l and s~ngu:ar the in~om@, prof~ts, ~ss~es and revenues from whatever
-c,~ d~•r:.ccf, e~ci; ar,d every of wh!ch, if ~,ng express~y ~nderstcod, is Fereby mongaged as if spec:fi~ai;y set forrh and destribed in the granting and
~ ;~~dum c..,.,ses her~o~, ord such Recelver sha;t hava all the b:cad and eff?cnve funct.ons and po.vers ~n anyw~se emrusted by a Court to a Receiver, and
::ofnr+-~<~nt sh,!t 6e mada by such Ceurt as an admitted equity and a r.,atter of a~so+ute right to sa~d A'ORTGAGEE, and without referrnce to the
,.•ty or ~n~dcauacy o! t'r,~~ vaiue of the property mo+tgaged or to the saver.cy or mso v~•ncy o1 said /dORiGAGOR or tF.e def~ndants, and rhat such
•s pro?;es, lnce.ne, issues and reYer.ues sha~i be appi~ed 'oy such Receiver accord~ng io the iien or equit f of sa~d MORiGAGEE and the practice of such
~::JrI.
~s. To d~:y. Y.or.,f,!:y and fu:!y perform, d~scharge, execute, effect, co~r-piete, comply w~th and ab~de by each and every the s~ipu~ations, agreemems,
~di<;~ns and c~venants ~n sa~d promissory ncte and this mprtgage set forth.
9. That in the e.~et the ow~ership of the ~r.crtgaged premises, or any part thereof, becomes veste~ in a person other fhan the MORTGAGOR, the
'"RiGAG:~, i*s :uccessers ar,d assignz, may, withovt norice to the A10RTGAOR, dcal with s~ch successor or successor in interest with reference to this
~~agc a d che ;1-:u~ herebr secured in the samr manncr as w~rh "Aortgagor ev~fho~t in any way vitiating w d~scha~g~~g the Mortgagors' liability herc
ur uc~on th~ drbt h~reby secur~d. No sate of the Fremises hereby mortgaged ar.d no forbeara.zce on the pa~r oi the AAORIGAGFE or its s~tcessors
. ~sz~_~ns and ~o extens~on ot the r~me for the paymem of the debt here6y secured gi~en by the MORTGAGEE or its successors or ass~gns, ahali operate
~ re~r~se, d.scharge, mod~fy cha~:ge or affect the origmal lia~:trty af the A",ORTGAGAR hereln, eithe~ ir, whole or in part.
10. N is s;;~:c.~k~~iy ;greed tF.at time is of the esser.~e of this tontract and fhat no waiver of any obllgat~on hereunder p of the obiigation sr
d hereby sna'i ar an~ tm~e fherealter be hefd to be a wa~ver of the terms hereoi or of the insrrumem secured herby.
11- h: ;_:+o ~•o 'he toregc nn ~nonth!y payments of p~~:,c pal and interest requ~red by the prom'ise~y no'e secured hereby, mo:tgagor eovenants
.~y•;cz ro; a~ ~~:c-r_:~•3.,e x~!h eac'~ ~~onth:y ~;Jy:..BiIT an adti:r~onai sum est~:~ ated by mortgagea to be equai to i 12 of tSe annvai cost of the follow-
A-„. .ai ,.rcp, r.; t3x~s len_d or ass-=ss.d aga~•~st tV._ acove desvibcd real estate.
s~ n f:• ,~:d ,.~~~dsto-•n ~nsuia~~ce as nere~n r,qu:red to be C3~fiE•d cn the [m,;roveme~ts s~t~ate on the abovc d~stribed premises.
C Pr~_ s•_ ..::h o•t~ .oe quaranty ~r.surar:ce as mJ•t~d^yeC sha ! fro•r. t me ta t~me deem fit to carry on the foan secwed hereby.
o.'a <i-~c ~ to t~~~,e nctify mcrfy~ger ~n v..it~ng of the a~--o:;~t d~e and patable hereundrr and suc!~ surn sha:l thereupon be due and
, on ~h~• c!,~ _ ~t ,rr,, ,,,-.t n:pr.th.r p;,yni~nt and e~:ch succees~ve mo-~th tnereaft~r ur,tii mcrtgsgee she!! not!fy mortgagor of a change in such
.;,,:h z.. ~ s~ py ~nortgayee tov.ard the payr.:ent of real property taxes, ir.surancz prem.ums, and mortgage guaranty insurance
ns.
IV :r1T?lE~~ :.H=R;O~. the sa~d MORTGAGCR has hereu:~to set his hand and seal the day and year 'rst aforesaid.
/S~~'ned ~e ' d a-~d de~i~ered " he esence o-
~-s~ _ wC ~l~rt/lyt./ (5ea!)
:•Iitnass~_ J R ar s
tSea~)
'.;itness :~1s~2~ ? ' ~ ~ cseao
Eertha Harris ~~a~~
- ~ E O~ FIORlDA 1
, ,;•,rr oF St. Iucie
1 ~
Be`ore me personalfy appeared John R. Narris . Jr.
- and
__________Bertha Harris .j
- h~s w~fe, to me well known and k~own to me to be
~ ~ ~-~d:.~d~a;s descr~ued in and who executed thz fo~egoing instrument, and acknowledged before me that they executed the same for the purposes
I -ein exp~essed. And /F~R~seid________ _ ~1'ti~ H3Y'I'1S
~ r -
of the sa:d _ - ~ _ _ _ _ t10~1II Harris " Jr• , upon a separate and private
nat:on by nu take~•.}epai,~ and apart from her sa~d husband, acknowledged to and before me that she executed said instrument freeSy and volun-
i and w~1hw~•ear~ co~y~l;ipn, consrrair.t, apprehens:o , or fear ot or from her said husband.
~
' YYIIryES9 ~nG-hahd ~`~ed o~Ie;al seal this_ day of,_ A. D. 19~_
~ ~ i ~ C ~ ~~~1~"~
' j"'' Notary Pubtic in and for the State of Fbrida ef large
' ~ ~ •~'t ~ ~ = M~ Commrssion expires:
e ;ptq ~;Y
T~'s! -F~~. ~ '3~koan Assou~t:on
`T . . ~s`fo~i.~~ c-~ C. , t: . • c -~T~C
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. :s:! st. ~uc~i Gn~hTY flA- ~
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F~ : ~ ?RAS ~
f k+C ; CJd~
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th~s Instrument Prep~red By Richard K. KSy~2S rc^^ti.' -
Fir;t Fede;a~ Savrrgs & Loan Association ' 1Q P~ ~7Z
of Fort Pierce~ ~7.orida SEP 13
~ ~ t~ gY u~ - - 23`7988
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