The URL can be used to link to this page

Home My WebLink About2316 3. To place and continuously keep on Ihe bui!dings now a htreafte~ ~ituate on said land and on all equipment and pe~sonally covered by this mor ~9e, w~th all prem~~ms ~hereon pa:d in full, fire insurance in the usual srandard po'icy torm, in a ium approved by Ihe MORiGAGEE, and w~ndsto ~nsurance in ihe uwal seandard pol:cy iorm, in a sum approved by ~he MORTGAGEE, in such company or canpan~es as the MORTGAGEE os d~rect; and all fire and w~nJs~orm ins~rance policies on any of said build~ngs, any inte~est Iherein or parr therQOf, in the aggrzgare sum atoresaid in excess thereof, shaN ;ontain the usual standard mortgagee tlause or such other clause as the Mor~gagee may requ~re, maMing the loss under sa~d po des, each and e~ery, payab!e to sald AIORiGAGEE as as ~roereat may appea~, and each and every sv:h pot~cy shall be prompHy ass g~~ed and de~~vered ~ any held by sa~d MORfGAGEE as furth~r sewrity to said mortgaga debt, and, n~t leu than ten O0) days in adva~xe of the expiration of each po6cy, to d. ~~ver to sa~d h10RiGAGEE a renewal thereof, together with a receipt for the p~emium of such renewal; and there shaN be ~o i~re or windsto~m insuranc placed on any of said build~ngs, any interesl there~n w part thereof, unleu in the form and with the toss payabte as aforesaid; and in t1ro event any sun ot money l~co.mes payable under such poticy w pol:c~es said MORTGAGfE ahall have the optfon Io receive ar~d app!y fha sa~ne on account of the i~bted ' ness sew~ed hereby o? to permit said MORTGAGOR$ to reteive and use it p any parl thrreof ior o:ncr purr~oSE`S, 1'1+1F1GU1 th~~~u~ waiv~ng or unp~ir ~ tng any equ~ty, Gen w rfght undrr or by vi~tue of ~his mo:!gage; and in ~he event sald MORTCaAGORS shall for any reason fail to keep the said prem~srs so ~ ~nsuiad, or fail to deliver p~ompfly any of said policies of insurante to said MORTGAGEE, o? fail promptly to pay futty any premium therefor a in any ! respect fail to perform, dfscharge, execure, effea, canplete, comply wi~h and a5ide by th~s cove~ani, or any part hrreof, said MORTGAGEE may place a:~d pay ta such ins~ra»ce or any parl the~eof withoul waiving x afFecting any option, lien, equity, or right u~der or by virtue of thi~ Mortgage, snd the t~ll a~nount of each and e.ery such paymenf shall be immediately due and payable and shall bear interest from the date thereof untit paid at the rate o! ~~~~e per cenrum per annum and fo~ether with such inte+es? shali be secured by tha lien of this mortgage. 1. To peimi>, tommit w suf(er no waste, impairment or deterioration of said property or any part thereof. 5. To pay all and sing~lar the tcsts, tharges and expenses, including a reasonable attwney's (ee and costs of abstracts ot title, i~curred or paid at a~y time by said MORTGAG:E, because a in the event of the failure on the part of the said MORTGAGOR ta duty, promptty and fully perform, d~scharge. >xecute, effect, complete, comply wrth and ab:de by each and every the stipulanons, agreemems, condilions, and covenants of sa~d promiuory note a~d this •~~ortgage any or e~ther, and sa~d costs, charges and experses, each and every, shal) be immediately due and payable; whe~he~ w nm there be no~ice da n„~id, attetnpt to coliect w suit pending; and the full amount oi each and e~ery such payment shall bear inre.est irom the date ~hereo! until paid at the ~ ~.~t~~ oi nine per can[um }aor arnum; arw ali said cosrs, charges and ezpenses incurred w paid, together wdh such iNerest, shall be secured by the lien of this mortgage. 6. That (a) in the event of any breach of this Mwtgage or defautt on the part of the MORTGAGOR, or (b? in the event any o! sa;d svms of money herein referred to be not prumptly and fully paid within ihirty (30) days next aiter the same severafly become due and payable, wiihout demand or notice, o~ (c) in thr event each and eve~y the stipulations, agreements, tond~tions a~d covenants ot sa;d promissory note and th~s morlgage any or e~ther are nol iuly, pro~~ptty and fut~y pe~formed, d;scharged, exetu?ed, effecred, completed, complied with and abided 5y, then in eithet a any such eve~t the sa~d ag ~regate sum mentioned in sa~d promissory note then remaining uopaid, with interest accrued, and a~l moneys secured hereby, shall become due and pay- en:e (orthwith, or thereafter, at the option of said MORTGAGEE, as (ully and compterely as if aN of the said sums of money were originatly s?~pwated ro be pa:d on suth day, anything in sa,d prom~sswy note or in this Mwtgage to the contrary notwithstanding; and thereupon or ihereafter at the option of s r:d MORTGAGEE, w~thout notice or demand, suit at law or in equity, therefore or thereaiter begun, may be prosecuted as if ali moneys secured he~eby n_d matuted pnor to ds inst~t~tion 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, o~ to iwetlose it, or 1o refwm it, or to enforce E-~yment of any daims hereunder, said MORTGAGEE shall apply to the Cou~t having jur~sd:aion thereof for Ihe appointmeN of a Receive~, such Court shatt rcrthwith appoint a receiver of said mo~rgaged property a!! a~d sirtgula~, intlud~ng all and singu~ar the income, prof~ts, issues and reve~ues (rom whatever s: u:ce derived, each and every of which, it bei~g expressly understood, is hereby mo~tgaged as if speufically set iorth and described in the grantirtg and !~sczndum cla~ses hereof, and such Receiver shall have atl the broad and effective tu~ct,ons and pawers in anywise eotrusted by a Court !o a Receiver, and s_:h appointme~~t shall be made by such Co~rt as an adrnitted equity and a matte? of absolute right to said MORTGAGEE, and withoul referente to the a::aquocy w inadequaq of the vatue of the property mwtgaged or to the sotvency or insotvency of sa~d MORTGAGOR w the defendants, and ~hat such r.r,rs, profits, inco~ne, issves and revenues shall be applied by such Receiver acco~dmg ~o the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, prompl~y and fully pe~form, discharge, execute, effect, complete, tomp!y with and abide by each and every Ihe stipulations, agreements, cenditions and covznanti in sa~d promissory note and this mortgage set forth. 9. That in tFe even! the ownersh~p of the mortgaged premises, or any part thereof, becomes vested in a per~n other than the MORTGAGpR; tF+e 4'.ORTGAGEE, its successors and assigns, may, wirhout nofice to the MORTGAOR, deal with such successoi or successor in interest with reference to this r'o•~gage and the deb~ hereby secured in the same manner as with Mortgagor withuut in any way vit~ating or d~scha~ging the Morrgagon' liability here~ under or upon the c+ebt hereby sec~red. No sale of the premises hereby mortgaged and no forbearance on the part oF the MORiGAGEE or its successws or assigns and no exte~sion of the t~me for the paymen~ of the debt hereby secured given by the MORTGAGEE or its successors or assigns, a~iall operate ro re~ease, d~scF+arge, modify thange or affect !he orig;nal liability of the MORTGAGOR herein, either in whole or in part. 10. It is speufically agreed that time is of the essence of this contract a~d that no waiver oi any obtigation hereunder w of the obligation se- c~red hereby shah at any time thereafter be held to be a waiver of the terms hereof or of the instrumero secured herby. I 1. In add:t[o~ to the forego'~:g monihly payments of princ pal and imerest requ:red by the p~omisscry_ no!e secured hereby, morigagor covenants + ~ agrees to pay to mortgagee'xish each month;y payrnero an add~~ional sum est~mated by mortgagee to be equai to 1: 12 of the onnual cost of the follow- ~ A-All real propcrty taxas levie~ or assesscd agai•1st the abvve described reat estate. B-Pramiu~rs on fire and windsrorm insurance as herein requ~red to be carried on the improveme~ts s+tuate on the above described premises. C-Arern;ums on zuch mo~tgage guaranfy ir.surance as mortgagee sha{I from t~me to time deem fit to carry on the loan secured hereby. ^ r~-" j.^^+ ~r r;~ no~;ty mortoaoor in writing of the amount due and payable hereundrr and such.sum shall thereupon be due and . a~a5te on th~: due cate oi the next monthly payment and eath successive month thereaftcr uru~ mortgegee snail noi~ty nw:syayu~ oi a:Ls,:yr ii; 5,;~!; ~ unr. $uch sums sFail be arpl;ed by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaraMy insurance c~•'emiums. IN Y~tTNE55 1'~HEREOF, the said MORTGAGOR has hereunto set his hand and seal the day a ear first or aid. ~ gned, Seate and deliv e~ n th presente of: \ ~ ~ L_ _ , J - Seal) - ~ c-~_~_~~ `.i ~s~~ (Sea4 - (Seaq S+a7E OF FIORIDA ~ St. Lucie u- ~OUNTY Of _ ~ Before me personalty appeared Franklin A. HdZIlS a~ ` ValeYie ~1. Harris his wife, to me well known and known to me to be 'he individuals described in and who executed the foregoing instrument, and atkrww{ed$ed before me that they executed the same fw the purposes rherein expressed. And the said_ Vdl@11Q Harris r.;fe of the :a~d _ _ Franklin l~. Harris upon a separate and private e.am~nat~on by me take~ separate and apart trom her uid husbartd, atknowledged to and befo~e me iFwt she exetuted said instrumero freely and votun- !~~~ly and without any compuls~on, constraint, apprehension_1r fear of w from her said husband. WITNESS my hand and official seal this ,.'G~ 7C day of tember A. D. 19 72 otary Pu61ic i d for the tate of Fbrida a1 large A1~.~mm~ss~~I expires: ~ / 7 Return To: . .a < ~ i Y First Federal Savings 3 loan Association ,1r, ```,~"..t~~~~~ Of ~ ort P.erce. F_,. D:~,ro, Flnrlda ~ ~ > ~ ~ND RECOIlDEO . r~~fo '~3~' • - iT.ll~CIE COt11iTY flA- ~ ,_:s.;~ , ~ . • : T OURT '~`t`-~.'r~ s t •1 ARK C~ C JI C s This Instrument Prepared By Wtp~ Braun .:}~-t-~~~ g..,;,~ ~e PECORJY~~"f1E~3~---- First Federa) Savings 8~ loan Association p~~;' \1`r'~,~~';} ~~3 vu r~ of Fort Pierce, Florida , : .;J: ~ , C~' : ' Checked By , -;r,.-. c J 23~38'71 b ~ z~s .4,, = ~ ' t - - - - - - - - _ ~ ~ ~ m..~'`~:_ . r ` . ~ ~