HomeMy WebLinkAbout2333 To place and con~i~vously keep on ~he bu~!d~~ps now a AereaitK utwts o~ ia~d land and on all equ~p~n~m ~nd p~rwnally covaed by ~Ai~ mor~q-
p~, with all premiums theraon Fa~d in full, fi~e i~~~rance in tM usu~l uandard policy iam, in • twn ~pprowd by tht MORiGAGEf, •nd wi~tam
insuranc~ in eh~ usw) ~fanda~d po7~cy (am, in a ium approvtd by tM MORTG/1GEE, in ~~ch tompany a compani~f a ~F+~ MORiGAGEE n+ay
dinctj and all fir~ a~d winds~orm iniurancs polkiss on u?y o( ~aid build~~pt, ~~y int~~~sl tM~ein w par~ ~hereof, in ~M +~pr~paq ~~m •fweiaid or
in txcett the~aoi. ihall co~uin tM uivat sunda~d morr~ay~a ciauu a such oihsr cl~us~ ~s th~ Mor~pa9et may requ'u~. makinp tM Iw~ unda ~a~d po1F
c~e~, e~ch ar+d ~v~ry. paYabt~. ro uid MORTGAGEE aa its intere~t may app~ar, ~nd each and eve.y t~rch policy ~hall be prompfly ~~a.~~ed ~nd detivered to
•ny Mld by said MORTGAGEE as funhe~ sccurity to said mort9a~ debt, and, not ieu ~han t~n (101 dayt in advsnce of the e:pirat3on of each pol~cy, to da ~
liv~r to said MORTGAGEE • renewal thereof, ~oge~hN wi~h a receipt fo? the p~~mium of iuch renewal; and ~he~e shall b~ r+o fir~ o. w~ndstorm insuranc~
p~acad on ~ny of said buildinp~, any inte~sst the~ein w part Ihaeof, unleu in the fo~m and with th~ loss p~y~blt as ataeaid; ~nd in th~ evenf any tum {
of mon~y becomes peyable under :uch policy o~ policies sa)d MORTGAGEE shall haw ~he option to receive and ~pply tl,e same on accouM ol tM indebted- i
ness secured hereby w to permit said MORTGAGORS ro receive and us~ it a any pa.t the~eof fw other purposei, w]tho~t ~h~reb~ waiving or ~mpair-
ing any puity, lien or right vnder u by virtus of this morsyage; ~~d in ~h~ event sa~d MORTGAGORS aha!! !or any reaion fail fo keep the said premiset so
insured, w fail ro deliver promptly s~y of said polities of insurante lo s~id MORTGAGEE, a fail promptly to pay fully any premium therefa a in any
respect fail ro pe~fwm, d~:cM~ge, eaecute, e(fect, complete, comply wirh and abide by this covenanL w~ny part hereoi, said MORTGAGEE may plxe snd ~
pay Fp such i~surance a a~y part therMf without. w~iving or ~ffetting any option, lien, equity. w rigAt ~nder ot by virlw of this Mwtyage, a~d tht (
full ~mou~t of each and every such paymeM shall be immediately due and payable and shall bear interest from ths date ~hcreof vntil paid at the rate ol
nine per centum per annum and togetFxr with auch interest shati be secured by ths lien of ihi~ mortgage.
1. To permit, commit or suffer ra waste, impairmeM p deteriosation of said property w any ps?1 t}?ereof.
5. To pay a!1 and airgular the coata, charges s~,d expenses, including s rcasonable attwney's fee and costs of abstracts of title, incurrQd w paid at ,
any time by said MORTGAGfE, because or in the event of the failure o~ 1he parl of the said MORTGAGOR to duly, promptly snd fully perform, dixharge,
execute, eifect, complefe, compty w~th and ab:de by each a~d every the etiperlat;ons, sg~eements, conditions, ~nd covenams of aaid promissory ~ote and this S
mortgsge any o~ eithe?, and sacd cosn, charges and expenses, each and every, shall be immediately due and payabte; whethe~ w not there be notice dr a
mand, ~»empt to colleci or iuit pend~ng; and tha full amount of eath and evay such payment sMll bea~ interest from ths date the?eof until p~id at rhe i
~are oi nine per centum per annum; and alf said costs, charges and expenses ioturred or paid, togelha with such interest, thall be secured br the lian of this
mqtyage. ~
6. That (a) in the event of any breach of fhis Mortgage or defa~lt on 1M parf of the MORTGAGOR, a(b) in the event any oi said svms of money
herein.referred to bs not paomprly and fully paid within thirty (30) days nexi aiter the same severally become due snd payabls, without demand or notice,
or (c) in the evcnt each and every the st~pulations, agreements, conditions and covenants of sa~d promissory ~ote and th~s mortgsye any or either are not
iuly, p?ompNy sr+d ful~y performed, d~xharged, executed, effetted, completed, complied with and abided by, then in either w any such eveM the said.ag-
gregate sum mentioned in said promiuory note then remaining u~paid, with interest accrued, ar~d all moneys sccured hereby, shall become due and pay-
able torthwith, w thereafter, at the option of said MORTGAGEE, as fully and completeiy as ii all of the said wms of money were aiginally st~pulated
ro be paid on s~ch day, anything in said promissory note or io this Mortgage to the contrary notwithstanding; and thereupon w thereaftcv at the op~ion of
said MORTCaAGEE, without notKe w demand, suit at law or in equity, therefue p thereafur begun, may be prosecwed as if all moneys secured hereby
had mawred prior to its instiwtion.
7. That in the event tAat at the beginning of w st any time pending any suit upon this Mortgsge, or to fweclose it, w to rcfwm it, c• to enfores
payment of sny claims lxreunder, said MORTGAGEE shall apply to the Court hsving jurisdiction thereof tor the appoinhnent of a Receiver, such Court shaif
Forthwith appoint a receiver of said mo?tgaged property aN and sirgular, includ~ng a!1 and singulsr the income, paiits, iuues and revenues f~om whatever ~
source derived, each and every of whrch, it being expressly ur~dcrstood, is F+ereby mwtgaged as if specificslly set fwth ai?d dexribed in the granting and
habendum clauses hereof. and such Receiver shall have all the broad and effective funct~ons and powers in anywise entrosted by a Cou~f to a Receiver, and
s~ch appanrmeM shall be made by such Court as an admined equity and a maner of absolute rigM to said MORTGAGEE, and without reference to the
adequacy a inadeqvacy of the value of the prope?ty mwtgaged or to the solvency or insolventy of said MORiGAGOR a the defendants, and that such
renrs, profits, ~ncane, isaues and ~evmues shalt be applied by such Receiver accordi~ to the lim a eqvity of iaid MORTGAGEE and the practice of such
Court.
8. To duty, promptty and fully perform, discha~ge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements,
conditiona and covenams in said p?omissory note and this mortgage set fwth.
9. That in the event tF~e ownership of the mortgaged prem+ses, or any parf ti~ereof, becomes vested in a person other than the MORTGAGOR, the
h',ORTGAGEE, its svccessws and ass~gns, may, w~thout notice to the MORTGAOR, deal with such succeuor or successor i~ inte~est with reference to this
rnortgage and the debt hereby secured in the same manner as with Morrgagor without in any way vitiating or dixharging the Morlgagpts' liability hera
under w upon the debt hereby secured. No saie of the premises hereby mwtgaged s~d no forbears~ce or? tF?e part o( the MORTGAGEE or its successors
or assigns and no extension of the time fa the payment of the debr hereby secured given by the MORTGAGEE or its successors o~ auigns, shatl operate
ro retease, diuharge, moc3ify change or affect the original l;ab;Uty of the MORTGACsOR herein, eitlxr in whok w in parf.
10. It is specifically agreed that time is of the essence of thia contract and that rw waiver of sny obligatio~ hereunder or of the obligation se-
cured hereby shall at any lime thereafter be held to be a waiver of the terma hereof w of the instrument secured herby.
11. In add~tia~ to the fwego:ng monthly payments of princ'pal and interest required by the promiuory note secured hereby, matgagor covenants
and agrets to pay to mortgagee wiih eath monfi~ly payrnent an add;riona! sum estimated by morlgagee to be equal to 1%12 of the annual tost of the follow-
in~: '
A-All real property taxes levied o? assessed against the above described real estate.
B-Premiums on fire and windstwm insurance as herein requ~red to be carried on the improvements sitvate on the above described premises.
C-Premiums on such mo~tgage guaranty insurance as morlgagee shall from time to time deem fit to carry o~ the ban setured h: reby.
Mwtgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and
Gayable on the due date of the next monthty payment and each successive month thereafter ur.ti! mortgagee sha11.{wtify mortgagor of a change in such
aR,ounf. Such sums sF.all be appfied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guara~ty insurance
premiums.
IN WITNE55 WHEREOf, the said MORTGAGOR has hereunto set his hand and seal fhe day and year tirst afortzaid_ ;
igned, Sealed arcd deliver io the presenu of: .
~'~C~z~.:-~ ;
. -~ka4
Bertha Harris, a single adq,ltq
- ~Sean
~st" 5..~.~°_ n.---- (Seal)
STATE UF FLORIDA ~ _
COUNTY OP St. t.UC1Q ` _
, ~;~~;t1!!11lJlk;~, _ '
Before me penonalfy appeared Bertha Harris, 8 S1I1g1@ adult
! ~v1~~ ~ .
' - - - - - - ~ ~ OGRE, to me well known #id ycrioyrA io me'1~ T~it'~ ~i
i rhe individw~ described in and who executed the fwegoing instrument, and~acknowledged befwe me that 4hy execufed t~
`Ie.'~or~F~ purpoiq! i'
rherein exp~essed. Mr~Me-a~i~ ~ ~ ~ ~ ~
w:f~sf~lirc~s~id---"-..-....-~~-~-~-----~-~-~-- ~ ~1Ad' itl~ 4
~~a~wiwa~iw?.~y~-~we.Mt~ew ~epx~ia~ wid~parf~-f~v~rrher ~ecA+iew!!dgldMO Vnd'~~ 7FfeYftROfltHldi,d 1nltlun~ri?•~~~sf~~1u~~ ~
.
aeM4p~w~w'~1i~.~wy-ww~rulsisw<<w?sh~sinf~~PP?~+ a?~Ferfrs~rrhei+ `
WITNESS my ha~d and official seal thi of ~ ~q~=,,~~.~.v.~
1 ' , 1t~,l
-c~ c'~ ~ ~
tary Public in and for t State of F{orids ~t-lsr~d ~
My Commiuion expires: '
Return To:
i
First federsl Savings d~ Loan Association y~ a~„l_.4''+. Y: < ~ r ~
LCP,f~A at
Of fort Plerce. '~5! ~AR~j
Fort Pie~ce. Flor;da " , • • . 7 1977
. _ i..~ ~ar.ce C~~ ~
j
zs3s3o
This Instrument Prepared 8y D. F. Holerger
First Federal Savings 8 loan Association f LEQ AM^ P.ECO~QE~ ;
of Fort Pierce Floriie? f~.LUCiE~OUNTY fLA. ~
~ POCfF ?0?TRAS ~ f
i ~ CLERK CiR~,U~T COURT ;
~ Checked By PECOR~ ~E' riE_+ ~
~ t~~R~~3 ~c M~ ~I ~ PM'!3
E~e~V - sb
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