HomeMy WebLinkAbout0790 9. To place and conf~nuously keep on ~he bu~'d.~~gs now o~ he~ea(te~ ~~ru~~e on se~d lend ar~d on ali eq.,lNn~em er.d personally tovreed by this mo~~g-
ege, with ali prentiur.~~ ~hcrton ~:a d m 1~11, fu~ ins~r,,~~ce in Ihe ue~al ~~a~~d~~d po~;cy iprm, in a sum apprwed by the A10RIG%.GEE, and winJetorm
inwraoce in the usua! sta+ida,d pol.ty 1or~n, in a ium approved by 1he MORTGAGEE, in suth tompeny or co~r.pan~es as Ihe h10~TGAGEE may
duect; and aU (i~e and wmde~orm insuranca potk~rs on a~y of said kw~ld.~s, a~y imc~est therein o~ pa~~ the~eof, in Me aggregere sum e}o~eta+d oi
eacess Iher~(, yhj11 contain ~he ~s~a! standard mo~~gaqce clavse or svch othe~ c~ause as ~he Mo.tyagre may req~.~e, ma?ing iha wu under so~d po~i-
uss, eacb and every, paiab!e ~o sa~d tiSORiGAGEE as ~~s in~~rrs~ may appear, and rach and every s~ch po:u~ a?~.~ll be promptiy ass ynrd a~~d dei~vcn:d to
sny held by safd MORIGAGfE as fu~~her ~ecurity to said monya~e drbt, and, n.~t Icss than ten (10) days in ad.ance of the ex~~rot:on of each poGCy, tn de-
livea ~o srid MORIGAGEf a renewal thereoi, ~ogethe~ with a rece~p~ fot tha premwm of suth renrwal; and ~hrre shalt be no f.~e or windslo~~n i~~surance
placed on any o1 sa~d build~ngs, any in~erest lherein w par~ the~eoi, unless in the ior~n and with the loss payabie as aioresa~d; and in the evenl any sum
oi money becomes payatle ur.de~ :~ch policy o~ polkies said MORTGAGff ah~tl have the opt~on to rece~re ond apNty tt,e same on acco~~v ol Ihe i~~d~btrd-
neif securcd h¢reby or to perrn~t fa~d ~AORTGAGORS fo reteive and use it pr any part 1h~:eof tc~ ori~e r i,ur~.os~•s. :+~~h,~:t ~h:••. ur w-.~•~ ~~r-
~ng any equ~ty, I~en a r~gfit under w by virtue of this mo~'gage; snd in the event ta~d MORIGAGORS sha11 for any rcasun (ail to krep ~he sa~d p~emi~~s so
~nwred, or fail to de~~ver pranpuy aoy of said pai.cies of insurance to seld MORiGAGEE, o~ l~i: promp!!y to pay fu~:y a~y p~e~~~~~m ~herefo~ or in any
re~Fttt fail ro Ferform, d~scha~ge, eaecu~e, etfec~, cwnpletr, comply wirh and ab~de by th~s covenan~, a any par? I~~reof, sa~d MGR1vAGEE mey piate a•~d
pay Fo~ s~ch ins~rance or art~ part thereof w;~hout waiving or affecting any option, lien, equ~ty, or right unde~ or by virtue ol ~his hlortgage, ar.d the
full amount o( eath and every such payment shall be ~mmed~ately due and payab~e and shall bear interest lrom tha daw the~cof uniil pa~d at tAe rote of .
n~ne pe~ centum per annum and to~rthar wdh s~ch interest sheii !,r sr:ured by the lien o( thfs mortgage.
1. io petmit, commit ot suffer ro waste, impairment oi deterioration of said property o~ any part ihereof.
5. To pey all and singular the costs, charges and expenses, including a reaso~~able attwney's fee and costs of absrracts o1 tiile, incurred or paid at
any t~me by sa~d MORTGAG~E, because or in ~he event oi ~he fa~lure o~ ~he parf of the said MORTGA~R to d~ly, pron,p~ty and t~lly perform, d~scharge.
enecute, ef(ett. complete, compty w~th and ab de by each and every the st'~pulahons, agreements, tondfiont, a^d covenants oi said prpmissory note and th~i
n:o~tgage any w eithe~, and sa+d costs, chaiges and expenses, each and every, ~hatl be immed~ately due aod payabte; whether a not ~here be not~ce d0.
mand, attempt to collect a suit pend;ng; and the full ainouN of each and every such payment shall bear iNe~es/ from ahe date thereot umil pa~d at the
.._e o~ n:ne per .rntum per an~w:n; and etl aa~d cos~s, charges and e~panses ~ncu~red or paid, ~oge~her wuh such interest, shall be setured by the I~en oi thi~
mottgsge.
6. That (a) i~ the event of any b+each oi this Mortgage or defautt o~ tM part of the M.ORTGAGOR, or ;b) in the event any oI sa~d sums of money
here~n referred to be not p~anp~ly and fulty paid w~~hin th~~ty (30) days next aitrr the sama seve~a~:y become due and payab!e, without demand or nm~ce,
cr !c) in the event each and every the st~putatioos, agreements, cond~tions and covenanta of sa.d promiswry nore and th•s mor~gage any or e~rher are nof
iu(y, promptly and fvlly ~~fwmed, d.scharg_d, executed, effeued, completed, compl~ed with and ab~ded ~y, then i~ e~ther or any such evem the sa~d ag
gregate sum meniioned in said promissory note then remain~ng unpaid, with intrrest accrued, and all moneys secured hereby, shall become d~e and pay-
ab:c fonhwith, or thereafter, at tha option of said MORTGAGEE, as tufly aixl cornpietety as if all 01 tl~e sa,d sums of money were onginally st~pu:ated
to be pa;d on such day, anything in iad pro~n~ssory note or in this Mortgage to the tomrary notwi~hstand~ng; and fhereupon w lneceafter at the ophon of
sa.d MORTGAGEE, w~thout n.~r~ce or demand, suit at law a in eq~ity, therefore or thereafter begun, may be prosecuted as if ali moneys secu~ed he~eby
n~d matured pnor fo ~ts ir,st~tution.
7_ Tfiat in rhe event rhaf at the beginning of or at any t;me pending any suit upon this Mortgage, or to fweclose it, or to reform it, or to enforce
pa.mem of aoy daims hereunder, said MORTGAGEE shall apply fo the Co~rt having ~unsd~ct~on th~reof fur the appom!rr,ent of a Reteiver, such Co~rt shail
Fcrthw~th appo~nt a receiv~r of said morrgaged property al7 ared aingvlai, inclvd:ng aU and s~:~gvlar fhe income, prol~~s, i:s~es and revenves from whatever
s.u.ce derived, each and ever~r of whlch, 1~ be~ng express:y unde~stood, is herEby mor~gaged as if spec~fically set iorth and druribed in sF+e gram~ng ar.d
F.;bendum clauses hereof, and such Receiver shail have all the broad and ef(ec!~ve f~nu.ons and powers in anyw~se ent~usfed by a Co~rt to a Receiver, and
s._ch appointme~~t ihaU be made by such Court as an ad~nittrd rq~ity and a matter oi absolutC rigM to said MORTGAGEE, a~d wlthe~t referente to the
zdequaty or inadequaty o1 thz va~~e of the prope~ty mortgag~d or to the so~venty or ,nso.~ency of sa~d NIORfGAGOR or the defendams, and thet such
re^~s, profifs, incorne, issves and reveaues sha!! be appieed by such Recriver accord~ng to the lien or equity of said MORTGAGEE and the proctite of s~ch
Court.
8. To duly, promptly and futly perform, discharge, execute, effect, completr, comply w~th and abide by each and every the stipuiatio~s, agreements,
:ond;tions an~ covenanrs m sa~d promissory note and th~s mortgage set forth.
9. That in the eve~t rhe otvnershlp of rhe mor?gaged prem,ses. or any part thereof, beco~nes vested in a per~n other than the MORiGAGOR, the
:'.OATGAGEE, irs wccessws ar.d ass~gns, may, withou? not~ct to the 11tORTGAOR, deai w~th such successor or successor in interes~ with reference to thia
~ o•~gage and the deui hereby secured in the same manne~ as w~~h 6tortgago~ withour in any way v+t:ating or d;scharg~ng the Mwtgagors' liability here-
~^der or upon the debt hereby secured. No sa:e of the prem~ses hzreby mortgaged and no lorbearance on the part oi the IAORTGAGEE or its sutcessors
o• ass~gns and no exte~s:on of the time for the payment of the debf h~~eby sec~red grven by the MORTGRGEE or its successors or au~gns, atiall operate
ro retease, d~scharge, mod~fy ~hange or affecr the orig;nal liau.i~ty of the MORIGAGOR herein, either in whole o~ in part.
10. !t is specificaily agreed tF.at time ~s o~ the easence of this contract and that no waivri of any ob~igat~on hereunder or of tFe obligation se-
cured hereby shaL' ai anj time thereatter be he:d ro be a waiver oF the terms hereof or of the instrumem sewred herby.
11. In add•Y:oa ~o the foret~e nr~ ~~Onth:y payments of pnnc pai and ~nterest reyu~red by the prom:sscry note secured hereby, mortgagor covenanri
e^d a~rees to pay ro r.:ortgagee x~rh each monrh(y pa~~.•ent an addn~or,a1 sum r:nn~ared by mortgagee ta be equal to l; 12 of t~~e ann~al cost of the fo~iow-
q:
A-All real prope.ty faxes te•ned o• 355@SS•7C~ ag ~~•~st the aF.a~e desc+ibed r,-at estate.
B-Pre--.~;;~~~z on frF• and viir.dvx~r, msvrar ce as n•,~e~n regu.red to be ca..~<d on the (m~roveneeits s:tva!e on the above d_scr~bed premises.
C-Arem~u:~~s on wch rrartg;o~ gua•anty ~.:svra~.ce as morsgagee sha~l fie:*~ r me to t~me deem fit to carry on the loan secured hereby.
Morrgagee sha'1 f.cm nme so T~:.:e no~~f; mortg~gor ~n wrf~ing of the amount due and payable hereundrr and such sum shafl thereupon be due and
t~r~b1e on the dur cia~e of th=_ n.:xt month:~ payment ar,d each succeszive month thereafrer ur,tit mortgagee shall not~fy mortgagor of a change in sucb
ovnt. Such s~as sFa;i be appGrd 'oy mortgag•.e to~a+ard ~he paymeat of rea{ property taxes, ins~rance prem.ums, and mortgage g~a~anty insurance
L'e~r1uR1S. .
4'rITNESS ti:HEREOF, the said MORTGAGOR has hsreunto set his hand and scal the day an year first afo~esaid.
, Sealed and delive~ed ~n t p sence of:
. i ~.r / ~r Ca.~ ~t . a~~
_ L Cf'~2~ ~~~'"iG~C L
- - ~$Ea~)'
- ~ ? $esq
L - (Seaq
~
~ S+AIE OF FIORIDA
St. Lucie u-
COUNTY OP ~
; Before me penonaily appeared Jack P. Harton,~ Jr. a~
' Joanne C. ~dl tOfl his wi(e, to me well known and known to me to be
i -
tnz individuais described in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purppses
i ~herein expressed. Md the said______- `~Oanne C. ~rtOII
: ++:`e of the said ~ .~I'.
Jack P. Harton. upon a separate and priWte
e•+_m~nar~o~ by me raken s•_~pa~ate and apa» from her ~~kF- s a , atknowledsg~_ISt and before me that she exewsed said iMtrument 4re~{IqlL votuo-
~ a~,iy and w+~ho~t any cornpu~sio~, constrair,t, apprehe s:pn~tfearof or tioin her sa' ~d. r ti
~ VliliNf55 my hand and officiat seal rhis____ G--'-~ day of `lul ",A•D: .~9
~ ~ E 1~~~ ,
Notary Pubiic in and for e State ef F~or?da %k'lar~ _
My Commission expires: ' ~ ~ :
Ret~rn To: - •
' ' . :4 6i~" .
First Federal Savings d. loan Associatlon ,
Of Fort P.er~~ . ~L~~' ' .
Fort G.arce, Ficric!a " •
~ _ _ .
e ~ „ .
This lnstrument Prepared By Robert A. Swi sher Js, F~LEO AM:; RECORDEO ~$8~
` + ST. Li1C1E GJUMTY f~A. g
' First Fed2ra) Savings 8 Loan Association ROC~R ?ptTRAS
' of Fort Pierce, Floiida CtfaK C;?CUI:' COURT
; RECC?.' .Er'ciED
~ Checked By~_ i1 9 19 aN'73
g aoo~ 2l6 o~cf 790 -
~ - - - ~
~~F -.-W.+. '-Y ~4 ;F ~ ~ 'L'~~
~F` 't~
~ ~i~~~~~' ~xhl. ~ . _„~.l'u~ayP~.z- {-~r' ~.~~ti~