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HomeMy WebLinkAbout0737 To plau ~nd conriewously k~ep on tM buildirq~ raw a M.e~f~N siw~N on s~id land ~~+d on ~It equipm~nt ~nd p~.~a~aNy cov~rad py rhi: morr~ aq~. wi~h ~11 pnmiuens th~rwn pa~d in ful~ fin insu~anc~ i~? eM v~wl iand«d policy ioren, in • ~um ~pprovcd by th~ MORTGAGEE. ~nd w~nd~~am ~n~w~nc~ in tM wwt ~anda.d pol~cy fa~n. i~ ~ ~wn +pprov~d by tM MORTGA(3EE, M such company ar compa~iss a M~ MORTGAGEE may dtr~: N?d ~0 fi~~ uid w~?o~m i~wranq polici~s on ~ny of Hid bY1Wi~{~ My I~1Fff~tf fIN~t1A 01 Plit flfNpl, in ~h~ appre9aa svm ~fa~s+id a tn ~xc~a ~M~~oi, ~Aall cont~in ~h~ uiwl ~tandwd mor~yp~ cl~uw o~ such oiF~ clavw u tM MortppN may rpuu~, md'uq ~M Ios~ uoder ~a~d poii. uei. each and ~wry, paYabN w Nid MORTCsAGEE ~~i in~Nnt maY app~ar. and ~ach and •v.ry •~ch poiky .ha11 b~ promp~ty au 9ned and delive.ed ~o •ny MW by s~id MORTGAGEE ~s fur~ha tecuriry to said matpap~ debf, and, not bu tMn t~n !10) days in adwnc~ of tM ~xpir~tion of uch policy. to d~- IivN ro said MORTGAGEE ~ r~wd tMrwf. to~~hM with a r~c~ip~ fw tM pN++iwn of ~uch ~~wali u~d ~her~ shail b~ no f~re or wi„d~iorm iniuranc~ pl~c~d on uiy of s~id b~ildirg~, ~~y iatcr~p thtr~in w put tM~wf, vnl~u in ~M (wm and wi~h ~M Iou payabk ii +fa~s~id; ~nd in tM event any :um ~ of mon~y b~ccrr,q payaW~ undN such policy a polKist taid MORTGAGEE shall Mw ~h~ option to rsceive aod apply ths um~ on accoun~ o( the indeb~ad- ~ neu secur~d hertby w b petmit iaid MpRTGAGpRS to reteiv~ ~nd ~N it pr any part thereof 1w othe~ pu~poses, without therfb,r waiv+ng or ~mpa~r i~g any equiry, lien or r+ght undN a by virtus of lhts nartpap~; u~d in th~ ewnt uid MORTGAGORS shall for any r~a~on fail fo kaep the s~~d p~emius so insured. w fail to delive~ prpnp~ly ~ny of said policies of insurux~ to said MORTGAGEE, a fail promptly to pay f~lly sny premium tF~erefor a in any respect fatl ro p~~iwm, discharg~, ~xecut~. ~Nect, compl~te, comply with ~~d abed~ by thia covenant, w any put hsreof, said MORTGAGEE may place and pay tw such inwrancs o~ any p~n thereof wUhout w~iv'~np w ~fftctinp ~ny option, li~n. pvity, o? riyht under a by virtw of this Mw+gage, and ~he - full amounl of esth ~nd every wth p~yment shall b~ immediately dw and p~yabl~ ~nd shall beu intereit from ths daN thereof until paid at the rate ol t n~~e per centum per aruwm and fogefhe~ with suth inttreat shall be setured by fM lien oi fhis mort9~g~. 1. To permit, canmit a suffer no waste, impairment a dete~ioration of said property or any pah thsreof. S. To pay all snd singula the cost~, ch~rges ~nd expensei, includinp • re+aonab~e attwney's fee and costs of ~bstracts of title, inc~rred or paid at any time by said MORTGAGEE, beuuie o~ in the ev~nt of the failure on tit+e parf of ~M aid MORTGAGOR a du~y, p~omptly and fully perform, d~uharge, executs, eifect, complets, comply w~th and abide by ~ath a~d every the ~fipulations, ~gteemtnri, tonditions, and covenants of said promissory note and ~hii morrga~e any p ei?ha, and said cos~s, char9es and ~xpenses, aath and ~vnry, sMll b~ immediately dus ~e?d paysble: wherhe. w not rhe~e be ~orice do- mand, sttempt to totkct or suit pendiny; u~d tM full amouRt of each ~nd every suth p~yment shatl bea~ interesl from the date thereof until paid ~t t1u rate of nine per ccntum per a~num; and all said costs, charges snd expenses incurred a paid, togetMr w~th such intcreat, thalf be secured by the lien of this mortyage. 6. That (a) in the evsnt of any breach of this Nbrrgay~ or default on ths parf of tF~e MORTGAGOR, or (b) in the event ~ny of ~a~d svms of money herein referred to be not promptly and fully p~id within thirty (30) days next sfte? the tame sevaally become due and p+yable, witAout demand or notite, o~ (c) in the event esch and evay tha ttipulatioe?t, agroemenri, conditions and coverunta of sa~d promissory note and th~t mortgage any or either are ~wt iuly, p?omptly and fuUy perfwmed, d~xhsrged, execvted, effected, completed, complied w~th ar?d abided by, then ;n either a any i~ch eveM the said ag gregate sum mentionad in said promiuory note then rem~i~inp ~npaid, with interest acvued, aod all moneys secured Ixrtby, iF?ill become due end pay- abte fathwi~h, a thereafter, at ~I+e option of wid 1NORTCaAGEE, as fully a+d comple~ely ~s if ~II of the said svms of money were wiginalfy supute~ed ro be pa~d on such day, anything in uid promissory note or i~ this Mortp~ge to the contrary notwi~hstandi~g; and thereupon w thereafte~ ai the option of sa~d MORTGAGEE, without norice a damand, suit at taw w in ~quity, therefore w thereafrer begvn, may be prosecvted as if sll moneys secured hereby bad matured pnp fo iti institution. . ~ 7. ihat in the evcnt that at the begin~ing of or at ~ny time pendi~+g any suit upon this Mo?tgage, or to fo.ecbse it, or to retorm it, or to enforce ? payment of a~y claims he~eun~r, said MORTGAGEE shsll ~pply to the Couh having j~risd~ction thcreof for the appointment of a Reteive?, suci~ Coun shall ~ Fo+?hwifh appoint a receive~ of said mortg~ged prope~ty all and iugu~ar, includ,ng all a~d aingulsr the income, profits, issues and revenues from whatever source derived, each and every of whith, it beinp expreuly understood, is hereby mortgaged as if spetifiwlly set fwth and deuribed i~ the granting a~d habendum clauses hereof, and such Receiver shall have al! the broad and effectire funct~ons and powers in anywise entrusted by a Court to a Reteiver, and :uch appointmcnt ahall be made by suth Court as ~n admitted equity snd a matte~ of ~bsolute ~ight to said MORTGAGEE, and without reterence to the edequacy or inadequacy of the value of the property morfyaged or to the soNency or insotvency of said MORiGAGOR p t1~e defendants, and that such rents, profits, income, iasues and revenues sMll be applied by svch Receivcr accwdin~ to the lien or equity of s~id MORTGAGEE and the practice of such Court. • 8. To dvly, prompHy ~nd fully perform, d'iuharge, execute, effect, complete, compiy with and abide by each snd every the stipulations, agrcements, conditioru and cove~ants i» said prom;ssory note and this rtwrtyage set forth. 9. That in the event the ownenhip of the moMgsyed premises, w a~y paA thereof, becomes vested in a person othe~ than the MORTGAGOR, the M,ORTGAGEE, its succeuors ind assgns, msy, wifhout notice to the MORTGAOR, d~a! with such iuccessor or successor in interest with reference to this i mortgsge and,the debl hereby secv~ed in the ~ame manner as with AAoitgsgw vyithout in any way vitiating w distharging the JNortgagors' liability here- under o~ vpon the debt hercby secvred_ No ssle of the Rrem~ses hereby mortgaged ~nd no fwbear~nce on the ps?t of the MORTGAGEE or its successors - or assigns and ra extmsion of the time fw the payment oi the debt hereby secured yiven by the MORiGAGEE or its succeuors or au~gns, ihall operate ro releax, discharge, modify cFN~ge w affect the wiginal liab~lity of the MORTGAGOR here~n, either in whok w in part. 10. h is specifically agreed that time is of the essence of fhis contrad ~nd thst no waiver of any obligsYwn herevnder a of the obligafion sr cured hereby shall at any tirrK thereafter be held to be a waiver of the terma hereof a of the insfrument secured herby. 11. In addition to the faego:ng ma~thly paymenrs of pri~c'pal end interesr reqvired by the promiuory npte secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an add~tional sum estimated by mwtgagee to be equal to 1/12 of the annual tost of the follow- '"9 ~ A-All real property taxes levied w auessed agai~st thc above described ~eal estate. _ ~ 8-Premiums on fire and windstam ensurance as herein requ;red to be carried on the improvements situate on the above desvibed premises. C-Premiums on such mortgage guaranty insurante as mortgagee shall from t~rt+e to time deem fit fo tarry oo ihe ban tecured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder ~nd such wm sha(I thereupon be due and Fayable on the due date of the next monthiy payme~t and each successive month ?heresfter ur.til mortgagee shall notify morfgagw of a change in such amo~nt. $uch sums shall be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and morlgage guaranty insurance premiums. IN WITNE55 WHEREOF, the said MORTGAGOR has he~eunfo xf his Fwnd and seal the day aed year first afw~ sa'd. ~ g ed, Scale}~ and IivNed in the presence of: ~ Seaq rt . H1Z ' a4 aq Bazbara J. H is cs~an STATE OF FLORIOA ~ COUNTY OF St . 1.11C16 ~ Before me personally sppeared Huber t L. Hdl Z15 a~ Rarha d? Harris his wiie, to me well known and know~ to me to be the individuals dewibed in and who executed the foregoiny inst~umeM, and ackrwMrledged before me that they executed the same for the purposes therein expressed. And the .~~a Barbara J. Harris N~fe of the said H~hol t - 11'IS upon a uparate and private examination by me taken xparste and apart from her qid husband, adu~owledped to ~r?d before me that she executed said instrument freely and vol~tr ra~ily and w~thout any compulsion, constroint, appreheruion, or fear of w from her said husband. WITNESS m hand and officia{ seal this y ~h : d,y ~ Februar ~ ~ ~ _ . _`-~i.'~~- ~v 73 ' . , - , - Notary Public in end for the ate f Florida tt Larg6 My Gommiuion expires: ; ; v„ , , _ aerom To: NOTA~`f.PbBtIC, STATE ef F~ORIDA at tARCf Fint Federil Saving• b loan Assotiation IkY',~CQ61!11'f$$IQN EXWRE$ SFF?q. 25, 1975 Of For~ P~erce. ~.Bp AmQrieart Be~k~~ Msurance w. Fort Pierce, Florida ~ - . , ~y . t~lEO aN^ RECON~EO ~ ~ ~1.lUC1E C013NtY LA. ~ ~ ~'J ROSER POITRAS ~ ,;;,~~~`~~.`w:s_~h..., This Instrument Prepared By D. F. Holez CLERK~F; f ~ED COURT ~ First Federal Savings E~ Loan Association ~E~~a~ v ~ of Fort Pierce , Florida ~ 23 3 2i PM 13 Checked By ~ ' BGOK PACE ~37 25~411 7~ _ - ~ r~.~-~. u~' ~ ~ - _