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Home My WebLink About0919 3. To place and continuo~sly keep on the bui'.d~ngs now or hereafter aituate on sa~d land and on ali equip~nent and personally covered by this mor age, with al~ prem~ums ~hereon pa:d fn f~ll, fire inwrance ~n ihe ~suat staniard poticy form, in a wm approved by the MOR~GaGEE, a~~d windito ~nsurance in the usuat srandard pol:cy form, in a sum approved by the MORTGAGEE, in such company or compan~es as ~he htORTGAGEE m . d~iecr, and all iire and w~ndstorm inswante policies on any of said 6~ild~ngs, any intereit therein or pait thareoi, in Ihe aggrega~e sum afpresaid in excess 16z~eof, shall :ontain the usual standard mo~tgagee dause or such other dause as 1hz Mortga9ee n~ay requ~re, making the ;oss under sa~d po ues, each and every, payab!a to said h\ORTGAGEE as its interest may appear, and each and every such po~ity sha~l be promptly ass gned and dei~vr~ed ~ any held by sa~d h10RiGAGEE as further s_curity to said mortgage debt, and, not leas than ten (101 days in advance of the expiration oi each po!icy, to d~ i~ver to sa~d h1U12iG:~vEF a rene~nai ii~cr~of. ivyetl~er w~th a re:zipt fac th: premiu~ ef s_~ch se~ewal; and there shall be no f~re or windstorm insuranc pl3ced on any of sa;d bvildmgs, any interest therein or parl thereof, un!rss in the form and wi~h ~he loss payable as aforesaid; and in the evenl any sun of money becomes pa~able under such policy or poUcies said MORTGAGEE shall have the opt~on to receive ~nd appiy the sm~~e on account of the indabted nc•u secured hereby or to permit said MORTGAGOR$ to reteive and use it w any part the:eof for o:n•_~ H~ri cscs, v:~~~:o~t th-n u~ w~rn y or ~n~p..u ing any equ~ty, lien or r~ght undrr or by virtue of this mo:•gage; and in the event sa~d MORTGAGORS shatl 4or any reason fail to keep ~he said pre~niscs so Insured, or fai! to dc!ire~ pro~nptly any of said po~~eies of insurance to said MORTGAGEE, or fai: p:o~nptly to pay fu~ly any pre~n~u~n theralor or in a~y respecf fail ta perform, d~scharge, exetute, effect, complete, comply with and abide by this covenant, or any part hareof, snid IhORTGAGEE may piace a,a pay for such insu~~ance or any part thereof w~thout waiving or affecting any option, lien, equ~ty, o? right unde~ or by virtue of this Mortgage, and thc fult amount of each and every suth p,,ymeN shall be immediately due and pnyable and shail bear interest from tha date lhcrcof until paid at the rate of ~ur.e pcr centum per annu~n and to3ether wi!h such inter~st shaii be secured by the lien of this mortgage. O. 10 ~Elnili, luauuii Oi ~1iii~t iw7 YWdi~c'. ::~iM•+~:T~^! ~~!~':~:=~~=n ~S a>ii1 ~rq~nrtY ~r dn~I oarl thercof. PE 5. To pay all and singula~ the costs, charges and expenses, including a reasonable attorney's fee and costs of abstracts oi title, incurred or pa~d at ,n~ t~n,e by sald MORTGAGEE, because or in the event of the failure on the part of ~he said MORTGAGOR to duly, promptly and fuily peiform, d~scharge. :.RCCUte, effeU, complete, comply wdh and ab:Je by eath and every the stipulations, agree~nents, condit~ons, and covenants oi said promissory note and this ,:o~rgage any or e~~her, and sa d cosrs, charges and expenses, each and every, shalt be immediately due and payable; whether w not there be not~ce dz mand, atte~npt to co!lect or suit pend;ng; and the fulF amount of each and every such paymem shall bea. inferest from the date thereof until paid al the ~.:r• o% ~une p<r crnTUm par am~uT~; ~nd aU saiJ costs, charges and expenses ~ncurred or paid, together w~th such imerest, shall be secured by the Gen of tha mortgage. - 6. That (a) in the event of any breach of this Mortgage or defau:t o~ the part of the MORTGAGOR, or (b) in the event any oi sa;d sums of mo~ey he~ein referrad ta be not promptly and fully paid within th~rry (30) days next aiter the same severa!:y become due and payable, without demand or notice, or (c) in thr event each and every the stipu~ations, agree~nents, cond~tions and covenants ot sa:d promisso~y note and th~s mortgage any or either are no1 ~uly, p~ompliy ant! iu~ly pe~fOrmed, d,scharged, executed, effected, completed, compGed with and ab,ded 5y, then in either or any such eveM the said ag ...~ar~ S„rn n,Pn~mnFd ;n sald promissory note then remaining unpaEd, with intere,t aarved, and atl moneys secured hereby, shall become due and pay- ao e forthw~th, o. fherea'ter, at the oprion of seid MORiGAGEE, as fully and completely as ii al! of thc said sums ot money were ong~naiiy s~~puiafed be pa:d on such d.:y, anything in sa.d prom~ssory note or in this Mortgage to the co~rrary notwithstand~ny; and thereupon or thereafter at the option of s- cf h10RTGAGEE, wrthovt notke or demand, surt at law or in equity, therefore or thereaiier begun, may be prosewted as if all moneys secured hereby r,,d matured pr~or to ~ts instit~t~on. 7. That in the event that at the beg:nn~ng of or at any time pending any suit upon this Mo~tgage, or to foreclose it, or to reform it, or to enforce pa,~ment of any ciai~ns hreunder, said 6~URTGAGEE shall apply to the Court having ~ur~sd~ct~on thereof for the appo~Nment of a Receivef, wch Court shall tcrthwirh appo~nt a receiver of said mortgaged property al) and si~gular, inclvd,ng all and singvlar the income, profns, issuei and rev0rn~es frdn whatever s~urce derived, each and every of wh~ch, it being expressly understood, is hereby mortgaged as ~f speofical:y set forth and described'i~ the~~•anting and h,'oendum cla~ses hereot, and such Rece~ver shall have all the broad and effecr~ve funct,ons and powers in anyw~se entrusted~by a Court to e Receiver, ai~d s_ch appointment shal! be made by svch Court as an ad~nitted equity and a mafter of absolute ~ight to sa~d MORTGAGEE, and without reference to the r.:'aquacy c+r inadeqvaty of the va:ue of the property mortgaged or to the so:vency or insotvency of said MORiGAGOR or the defendants, arfd that such r,,rs, prof~ts, incane, issues and re~enues shall be applied by such Receiver accord~~ig to the lien w equay of said MORTGAGEE and the prachce of wch COUtt. ~ 8. To duty, promptly and fully perform, discharge, execute, effect, complete, comply wi~h a~d abide by each and e~ery the stipulations, agreements, :o::d+tions and covenants ~n sa~d promissory note and this mortgage set forth. 9. Th;t in the event the ownership of the mortgaged premises, or any part thereof, becomes bested in a person other than the MORTGAGOR, the 'lJRiGAGFE, its successors and ass~gns, may, without ~o~ice to the ~\10RTGAOR, deal w~th svch successor o~ successor in inte~est with refertnce to this • o+gage ar.d the d_ut ~erety secured in the same mar.ner as wifh 1Aortgagor without in any way vitiating or discharging the Mortgagors' iia6ility here- __ie: or uron the d~•bt he«by secured. No saie of the premis?s hereby mortgaged ar.d no forbearance on the part of the ~~10RTGAGEE or its successors c• assi9ns and ~o exte~sion of the t~mr for the payment of the d~bt hereby secured given by the !'dORTGAGEE or its successors o~ ass:gns, anall operate ro re~ease, d~scharge, modify charge or affect the original lia~il;ty of the MORTGAGOR herein, either in whole or in part. 10. It is seec~ficaily agrced that time is of the essence of this contract and that no waiver of any obf~gation hereunder or of the obligation se- c.;red hereby shaL at any time thereafter be hefd to be a waiver of the terms hereof w of the instrument sewred herby. 11, In .::id r:c ~'o the forege ~:g monrh!y payn,cnts of princ pal and interest rea~~red by the prom~sscry no'r secured hereby, mortgagor covenants ; ~ J egr~cs +o ;:ay to r:ortgagee ti:~th rach mcnth y;;ay~~,ent an add:~ional sum est~n-ated by mortgagee to be equal to 1; 12 of tbe annual cost of the follow- } , ~ ~ A-All rca! prop~~rty taaas lev~e~ ar assesseci against thc above desc~ibed real estate. ' 6 Pr •r,;, ns nn f~re and vrir.dstonn ~nsurar.ce as here~n requ;red to be carried on the ~mprovemeots situate on the above d_scribed premises. ~ C-Pre:~:iv.-s on :vch mort~;ge gua.anty ir.wra~.ce as mortgagee shail from t me to tlme deem fit to carry on the loan secured hereby. PAortg3qee sha'I f~cn t~~ne to t~•~:e notlfy mc.tyager ~n writ~ng of the a~no~nt d~e and payable 6ereundar and such su~~ shall thereupon be due and .;ble on fh~• cl,e da~_• ot the e~,et n-:omh;~ payment and eech successive monrh mereafier umil mortgagee shall not~fy mortgagor of a change in such :;nt. Such su:ns sF a.i t;e a;:F~:i~~d by mertgagee roward the payment of real p~operty taxes, ins~rance prem:vms, and mortgage guaranty insurance I .-r~niums. ~ /f~1fT~1E55 H" E F, rh d TGAG ~~herevnto set his hand and seal the day y ar.first aforesaid: ~ . y ~g/~~e~ y~/~~~a~ a' eliver ~~J~J o ~ V ~ y a ~ W in n C. Har ' s ~ ~~aq ~ cseaq - N rma A. Harris _~Seaq 5".~7E OF FLORIDA ~ Dade ~ j ~JU!JTY OF - ~ - :•~1 Before me personally~appeared Winson C~ Harris ~~~~~~~~~~aqd Norma A. Harris ~ his w]fe, to me well known anti kRe+~w~'h3 ~me to,be c.; individuais described in and who executed the foregoing instrument, and atknowledged before me that they executed the; spm~•'fw,he purposes Norma A Harris rh.~re~n expressed. And the said__ • ~r L• ::.je of the sa~d _ WIIISOII C. Harris ~Po~~.s rSte~nd privste: =..+m~nat~on by me taken separate and apart from her said husband, ack~owledged to and befor that she ezetuted said inSlr{~in~eiy and~urr- , ;y and w~thout any compulsion, constraint, apprehens~on, o~ear of or ~rom her said h nd. : t; ti ~ • ~ : ~ ober WITNESS my hand and of(icial seal this- ~ day of ' A• b• ~ ~2_ ; ~ ` , N tary Public in and the Sta e of orida ~ e, M Commission ex ' s: ~ Retum To: iirst Federaf Savings S[oan Association q or ~~~r P.<:.~~~. NOTAR/ PUBUC STATE ~ FLORIDA AY IJIR6E Fort P~=rce, Floricla MY COMMISSION [XPIRES APR1L 11~ 197'3 ~ BONQm TNSII f@ED W. DIESiELHORt'~ t~~EUC?E This tnstrument Prepared By: John 4:. Collins A~ C4UN1Y F~~' Firs~`Federal Savings & Loan Association st~ ROGEF ?0'jRAS C ` • of Fort Pierce ~ Florida 33450 CIERK G~~••~~~i COURT ; kEC~"~ ~Ef.1~lE0 ~ Checked By j~_ j,~ 9 3a AN t~ ~ ~07 ~ 9i9 ~ : : 2399'72 : ; ~ zr ~ ~ ~ . _..-...."_~.x-::,;._-•..',...,". _ ' _