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HomeMy WebLinkAbout2136 To pl~c~ ~nd contirwoufly ke~p on 1he bui!d~npf now a MreaFtN wtw~~ on ~~~d I~nd and on ~11 puipm~nt ~nd pNSOn+~~y cov~r~d by thi~ mar¢ p~, w~~h ~11 pr~+nivna ~Aereon pa~d in tutl, f~r~ insv~~nc~ ~n tl» ~swl ff~Nd pOIKy IOfm, in ~ sum ~ppro.~d by rM MORtGAGEE. ~~+d wirds~an+ inwra?a i~ tM uwaF t~a~da.d pol,cy fam. in ~ wm ~pp~ovad by ~M R10RTGAGEE. G+ sucA companY a compan~~f a th~ MORIGACsEE may dinctj ~nd all (k~ and w~~wm i~nuranc~ polici~s on ~~y of ~aid build~flpf. My Ifll~~~~l IIIHfMf Of ~i/t iMflOl. in tM ppreya~~ ~wn afa~said a M~xcess therwf, ~hall conui~ ~M u~wl ~u~,dud +nor~9~9N clwH a wch o~ha clww u tM Ma~y+~ e++y requu~. m~ki~p tM tou u~ u~d po1F cNS. each ~nd ~vNy. p~yabi~ ro sa~d MORTGAGEE ~s i~s in?trest may app~u. and ~ach and ~v~.y svch policy ~Mil b~ promptly a~.yned and a~livaed ~o ~ny held by sa~d MORTGAGEE ~s (w~hN iecu~ity to aid mony~y~ dabt. +~d. not Itu IMn t~n (10) days In advance of ~M •ap~ratbo of each policy, ro dr liwr ro s~id MORTGAGEE • r~newal tMr~of. Iop~tMr wilA a rxtipt fW th~ pr~miwn of wth raxwal; ~nd Ih~r~ sMlt b~ no fi~~ o~ winditam inturant~ pl~ad o~ ~~y of said buildinps, ~Mr in1MNt lllMfill O~ p~~f tMf~Of, unless in tFw fwm ~.d wiih tFw bu payabl~ as alo.~uid~ and in tM •vM~ any ~um of moeKy becomes paYable undK ~uch polky a policies said MORfGAGEE shall haw th~ op~ion ~o nceive and ~pply tM iame on ~ccoun~ of the indebted~ r»u setured hereby w ~o permit said MORTGAGORS fo rectiw and us~ it Or •ny pa~l tAereof fo~ othcr puipose~. w~~ho~t ~h~reb~ waivi~~g or impair• irg any equ~ty, litn a righl ~nder w by virtw of this mortp~e; W+d in 1M ~v~nt ta~d AhORTGAGORS ~ha~~ fw any rwwn iail to keep the satd premisaa w insur~d, o~ (ail b deliver pomptly ~nY of faid policies of inwranc~ to said MORiGAGEE, a fait promptly to pay fully ~ny premium the~efor w~~ +~Y respect fail b paform, discharg~, execut~, ~ff~c1, complere, comply with and ~bid~ by this covenanl, o~ ~ny part htr~oi, said MORTGAGEE may pl~ce and psy for such Insurance w My (Hf1 1FNflOI wi~hout w+'ni~y or afiect.irg ~ny option, li~n, eQuity, a riqht undei w by virtw of this Mor~qape. +nd the full amo~~t of each and ~v~ry iuch payment shall be immediately dw and p~yabl~ and sh+ll bes~ interes~ from ths dat~ thereoi until paid ~t the ~at~ ol . n~ne pe~ tentum per annum and to~ether with suth interest shali be secvred by tiw lien of ti~is mort~+~s. ~ 1, To permit, commit or suife~ ~o waste, impairment a deterioration of uid p?operty w~ny paN thereof. ; 5. To pay atl and sinyulu 1hs cosb, charQes and expenses, includir~p a reaswwble ~ttwney's iee and costs of abstrsds of title, incurred or paid al i any time by said MORTGAGEE, because a in ~he e~ero of tM failure a+ the pa?t of ~he said MORTGA('aOR to duty, promptly +nd fully perfam, dixh+rgq - execvte, etfect. oomplete, c~anply with and ab+de by each and every the stipulations, sgreements. conditions. snd cove~ants of said promissory note and thii ' morrgage any o~ e~~he?. snd wid costs, cMrges +nd expense~, each and every. thall bt immediatety dw and payable: whetF+er a rat the~e be notice de mand, attempt to colkct w wit pending; Md the full amouM of e~th ind rrery such paymenl shall bear interesl from the date thereof until paid ~1 1he rate of nine pe? centum per annum; and al( said costs, charges and eapenses intvrred w paid, together with suth iNerest, ~hall be setured by the lien of thii mortpag~. 6. ihat ~n the svent of any breach of this Mwtgsg~ o? default on the part of the MORTGAGOR, a(b) in the eve~t ~ny of ss~d sumt of money herein referred to bs ~ot promptly and fully paid wi?hin lhirty (30) days nezt sftcr the same severaily becorne due and payable, wilhout demand w notice, or in the evem each and every ~he stipulations, agreements, condi~ions and covenants of sa:d promiuory note and th~s mortgage any a either are not iuly, promptly and fuliy perfwmed, d~xF?arged, executed, effeqed, compkted, complied with snd abided Sy, th~n in either or any svch eveM the said ag- gregate wm mentioned in said promissory note then remaining unpaid, with interest accrued, and all moneys setured hereby, :hall beton+e due and p~y- eble fathwith, w thereafter, at the opt~on of ssid MORTGAGEE, as fu~Iy srd completely as if all of the said wms of money were orig~nally stipulated ; to be paid on such day, anything in said promiuory note a in this Mwtgage to the contrary notwithstanding; and thereupon or thereafter st the option of ~ said MORTGAGEE, w7rhout notice or demand, wit at Iaw or in equity, therefore ot thereaftcr begun, may be prosecuted u if ~II moneys secu~ed hereby had matured pnOr to iK inslitution. 7. ihat i~ the event that at the beginning of or st a~y tune pending sny wit upon this Mortgage, or to foreclose it, w to reform it, a to enforce s paymc~t of any claims hereunder, said MORTGAGEE shall apply to tl?e Court hsvi~g jurisdiction thereof fo? tM ~ppointment of a Receiver, such Court shall forthwith appoint a receiver of said mwtgsged property all and sing~lar, ioclud~ng all and si~gular tF+e income, profits, iuues and revenues irom whateve~ ~ source derived, each and every of which, it beinp expressly understood, is hereby mo?tgaged as if speufically set forth ~nd described in the yranting and habendvm ctauxs hereof, and such Receiver shall have a~l the broad snd effective funct~ons and powers in anywiu emrusted by a Court to a Receiver, and :~ch appointment shatl be made by s~ch Cour1 as an admitted eq~iry ~nd a matter of ab:otute r~ght to said MORTGAGEE, and without reference to the edequacy or inadequacy of the value of the properry mortgaged or to the sotvency o. insolvency of said MORiGAGOR p the defendants, and that such ; rents, profits, income, iuues ar~d revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the pradice of such ~ Court. 8. To duty, promptly and fully pafo~m, discharqe, execute, effect, complete, comply with and abide by each and every ihe stip~lations, agreements, ~ condit'ans and covenants in sa~d promissory note and this mortgage set fwth. 9. That in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in a person other than the MORTGAGOR, the ~ /~10RTGAGEE, its successors and assigns, msy, without notice to the MORTGAOR, deal with such successw a successor in interest with reference-to this ' rnortgage end the debt hereby secured i~ the same manner as with Mortgago~ without in any way vitiating w diuharging the Mortgagors' (iabi~ity Ixre- ~ unda or upon the debt hereby secured. No sate of the Fremises hereby mortgaged and ne forbearance on the part of the MORTCaAGEE w its successon ~ or assigns snd no extens7on of the time fw the payment of the debt hereby :ecured given by the MORTGAGEE or its successors or auigns, ,Qwll operate lo releax, d~scharye, modify change w affect the wig~nal liability of the MORTGAGOR htrein, either in whole or in psrt. 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligatan ss- i cured hereby shall at any tbne the~eafter be held to be a waiver of the terms hercof ot of the instrumeM secured herby. , f 11. In addition to the fwego:ng monthly payments~of princpat and interest required by the promiuory r+ote secured hereby, mortgagor covenanfs ~ and agrees to pay to mortgagee with esch monthty payment an additional sum ett~mated by mortgagee to be eq~al to 1/12 of lhe annual cost of the follow- ~ in~: . . ' . . . • A-All real ~operty taxes levied or assessed agai~st the above desuibed real estate. • ' B-Prem~ums on fire and windstorm insurance as herein requ~red t~ be carried on the imp~ovements situate on the above dascribed premises. C-Premi~ms on such mortgage guaranty insurance as mortgagee shatl from time to time deem fit to carry on the loan secu~ed hereby. N{ortgagee sfiall from time to time notify mortgagor in writing of the amount dve and psysbk htreunde~ s~d such sum shall thereupon be due and ~ payable on the due date of the next monthly payment and each successive month thereafier ur.til mortgagee shall rwt;fy mortgagw of s change in such . an,ount. Such sums sF.ail be applied by mortgagee toward the payment of real p~operty taxes, insurance prem.ums, and mortgage guaranfy insurance i premiums. s ' j IN Y~ITNE55 WHEREOF, the sa~d MORTGAGOR has hereunto set his hand a~d seal the day and year first sfwewid. ~ Sig~ed, Seated and delivered in the presence of: • /~.,~.~e`9' a~'l~i~-~ cs~.~ Ro r . Harr s an ~ Seaq anie Harris ~,o STATE OF FLORIDA ' [ COUNTY OF St• Lucie ~ ; Befae me personally appeared Robert G• H811Z~s a~ Janie Hazr i ~ his wife, to me well known snd knawn to me to be rhe individuats described in and who executed the forego' instrument, and acfcnowledged befwe me that they executed the same fw tFx purposes rhere~n expressed. And the said J~ie ~r1'~s w~fe of the said Robezt G. tlarris upon s separate and private examinat~on by me taken separate and apart from her said husband, ackrwwledged to and befue me that ihe executed said instrumcnt freely and volun- rarily and withovt any compulsion, constraint, apprehension fear of or from her said fwsband. WITNESS my har~d and official seal thi~ day of =il A. D. 19 73 ~ - ~ Notary Pub in and for the ate of Florids at la~e ~ ~ . . . My sion acpires: G, / y73 ~ Return To: First Federal Savi~gs b Loan Association ~ Of Fort P~erce. :F•~:::,. ~ Fort Pierce, Fbrida ' ' E p~o ' . 8T~lUC E COUN~R?tA, ~ • . ~ ROCER ?O~TRAi ; • • CLERK CiRCU1T COYRT This Instrument Prepared By D~1tfi: R. HoleZglz~ : • ~ RECORD VERi~IEO First Federal Savings b Loan Association - • - 4 a3 PM ~73 , of Fort Pierce ~ Rlozida? . - , Checked By~ - ~ ~ ; ~ 251413 E OOK ~G,~z PACE js _ ,,1 '