Loading...
HomeMy WebLinkAbout1544 ~ 3. To pface and continuously keep on ~he bu~'d~nga, now or heresftar tiituare on said fand and on a!1 equip~nen? ind personally cov~~ed by 1hi~ mor~g~ egs, with •11 premiums ~her~wn paid in 1ut1, fi~e insurance in the uiusl standsrd policy form, in a sum approved by IM MORTGAGEE, and wi~dstwm ~^i~~a~ce in ~he uiual •randard ~l;cy tam, in • ~um spproved by Ihe MORTGAGEE, in such canpany w companfes as tM MORIGAGEE may direceJ ar?d all (irs and w~nduorm insurancs poliues on •ny of taid buiW~nys, ~ny IMSre~t Iherein w par~ ~hereof, i~ IM a99re9ate wm ~fatiaid w In ~xceu thcrool, iMll contain ~h~ vi~al standard ma~gagee clauss a such o~her ctaus~ ~f ths Mw~9age~ msy requu~, ma~inq the loss under ia~~ po1F c1es, each ~nd ev~ry, payabt~ to s~id MORTGAGEf ~f its int~rest may appear, and ~acA and ~veiy such policy shall be promptly •ts gncd ~nd deliverrd to +ny held by ssid MORTGAGEE as furlher sec~riry to said mwtys~e deb~, and, not less tMn ten (10) d~ys in advance of tM explration of each policy, to d~ live? to aid MORiGAGEE • tenewa{ thereof, topttMr wi~h a rece~pt fa the prtmivm oi tuth r~~ewal; and there shall be no fir~ or w;nd~~o~m inavranc~ P~+ced on a~Y ot said buildinps, sny intere~l therein w part Ihereof, v~less in ~he fo~m ~nd wi~h tM loss payable +s ytaesaid; and in the evenl a~y •um af mon~y becomes payable u~de~ such policy w policies said MORTGAGEE shall have ~he opt+on to receive and apply tM iame on accounl of the i~debted- ~eu ietured hereby q~o permif said MORTGAGORS to ~eteivs and us~ It p any pan 1heFeof fo~ otnc~ pu~pases, w~~houf thsr~u~ waivi~y or ~mpair- ing any equity, lien o~ right uncler a by virt~s of this mo:l9age; u+d in tM evcnt ~aid MORTGAGORS thall fw any reawn fai) to kerp the said premises so in~ured, p fall fo deliver pomptly any of uid pol~cies oi insur~nce to said /YiORTGAGEE, w iail promptly fo pay iully any premium tFurelw or in iny rsipeci fail b psriam, d~scharga, execute, effect, complere, comply with and abide by thi~ covenant, a any part Aereoi, said MORTGAGEE may place and pay (or such insurante or ~ny parl thereof without waivinp ot affettirp any optiw~, lien, eq~;ty, a righf under a by virtue of fhis Ntort9age, and the full amount oF each ~nd iv~ry ~uch paymenf sha!! bs immed'earely dus and payabk and shall ba~r interes~ irom Iha date thrreoi un~il paid at th~ rate of ni~s psr tentum par annum and to~ethcr with such interest shali be secur~d by tha Her? of this mortgaye. 1. To permit, commit w suffer no waste. Imp~irment a deteraration of said property w any part thereof. 5. 1o p~y all and ting~l~r th~ cosb, charges ~~d expenies, ;ncludiny ~ ~eawnable attorney i fee and costs o~ sbstrscts of titls, incuned w paid at any time Dy sa'ed MORTGAGfE, becavse a in tF~e event of the failure on the part of ths s~id MORTGAGOR to duly, piomptly and f~lly perfam, dixharpe. execute, effect, compkre, comply wit6 and abide by each and every the stipul~~ions, sgreements, ca+ditions, and covenants o( uid promissory note and tha mortga9e ~ny p eiil?e~, and sa~d costs, ch~rge~ and expenses, each and every, ehall be immediatsty dw and payable; whether a not there be not;ce do- mand, attempt ro cotled or suit pendi~g; u?d the full amount of eath and every such payment thall bear intercsl from Ihe date thereof until paid at Ihe rafe o? nine per ce~rum per an»um; and all said costs, charges and expenses incurred w paid, fogether w~th such interost, sAall bs sstured by the liert of fhis moitpags. 6. That (a) in tAe event of any breach of tF~is Mwtgage w default on the part of the MORTGAGOR, w(b) i~ tF?s evenf any of said sums af money herein referred to be not promptly and tully paid within thirty (30) days neat afler the same sever~tly become due and payabfe, without demand or notice, or (c) in the event each and every the stipufat~ons, eg~eements, conditions snd covcnants of ta~d promiuory note and th~s mortgage ~ny w either are not ~uly, promptly and fully performed, d~scharged, executed, eHected, compteted, compl~ed with end abided by, then in either or any iuch event the said ag gregate wm mentioned in said promiuory note thcn remaining unpaid, with inreiese acaued, and all moneys secured hereby, shsll becwne due and pay- ! able forthwith, or thereafter, at the option of said MORTGAGEE, u fully and completely as ii all of the said sums of money „vere o~iginslly st~pulated to be paid on such dsy, anyfhing in sa:d promissory note or in this Morlgage to the contrary notwithstanding; and thereupon w therea(ter at the option of sa;d MORTGAGEE, wi~houf notice a demand, suit at law w in equity, therefwe or thereafter begun, may be prosecuted as if all moneys secvred hereby nad maturcd pr~or to its institution. 7. That in the event that at the beginni~g of w at aoy time pending any svit upon this Mwtgage, or to foreclos~ it, or to refwm if, or to enforce payment of any claim~ hereunde~, said MORTGAGEE shal! apply to tMe Court having _jurisdiqion Ihereof for the appointment of a Reteive?, suth Court shalt Foithwith appoiM s receive~ of said mortgaged property al) and singular, includ~ng all and iingular the income, profits, issues and ~lvenue~ Irom whateve? source derived, each and every of wh~ch, it being expressty understood, is hereby mo~egaged as if tpec:fically set fath and desc?ibed in 1he gr~nting and habendum clauses hercof, and such Receiver shall hsve all the broad and effec~ive funchons and powen in anywise entruated by a Courl to a Receiver, and •uch appoirurrKnt shall be made by such Gou~t as an admitted equity and a matter of absolute r~ght to said MORTGAGEE, and wiihout reference to tt~ adequacy or inadequacy of the value of the properry mortgaged or to the sorvency or ~nsolvency of iaid MORTGAGOR p the defendants, and that such i renfs, p?ofits, income, issurs a~d ?evenues shall be applied by such Receiver accord~ng to the lien or equity ot said MORTGAGEE and the p?actice of such ' Court. 8. To dvly, promptly u+d fully pe~form, d7scFw~ge, execut~ effect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants in aaid promiuwy note and this mortgage set forth_ 9. That in 1he event the ow~ershjp of the martgaged premises, a any part thereof, betomes vested in a person other tha~ the MORTGAGOR, the ; MORTGAGEf, ifs svccessws and ass~gns, may, wirh~wt norice to the MORTGAOR, deal w+th such successw w successor in interest with refere~ce to this ; mortgage and the debt hereby secured in t'~e same manner as with Ntortgagw without in any way vitiating or d~scharg~ng t}x Morfgagors' li~bility hera under or upon the de6t hereby secured. No sale of the Fremises hereby rrtortgaged and no forbearance on tiie part of the MORTGAGEf or its succe:son or assigns snd no extens~on of the time fw tFx payment of the debt hereby xcured given by the MORTGAGEE or its successors w au+gns, ahall operate to release, discharge, ~nodify change or affect the original liability of the MORTGAGOR herein, either in whole w i~ parL 10. It is specifically agreed that time is of the esunce of this contract and that no waiver of any obligat~on hereunder w of tho obfigation sr cvred Frcreby sha11 at any time tbereafter be held to be a waiver of the terms hercof w of the instrument secured hetby. 11. In add~tion to tho fwego:ng monthly payments of princ pal and interest required by the promissory note secured hereby, mortgagor covenanfs ~ and agrees to pay ta mo:tgagee with each monthly pay~nent an add~rional sum estimated by mortgagee to be equal to 1 j 12 of the annual cost of the folfow- in:]; ~ A-AI! iea! property taxes kv;ed w assessed agai~ut thc above described real estate. ? B-Premiums on fire and windstorm insurance as here~n requ~red to be carried o~ the improvements situate on the above described premises. i C-Premiums on sueh mwtgage guaranty insurar,ce as mortgagee shall from t~me to time deem fit to carry on the loan set~red hereby. ~ Mo?tgagee shail from time to time notify mortgagor in writing of ihe amount due and payable F?ereunder and such sum shall thereupon be due and ~ F.ayable on the due date of the next monthEy payment and each successive month thereafter urtil mortgagee shall notify mortgagor of a change in such - ar~o~ot. Such sums shail ~e apptied by mortgagee toward the payment of real property taxes, insurance prem;ums, and mortgage guaranty insura~ce premiums. WITPSESS YVHEREOf, the sa' MORIGAGOR has hereunto sct his hand and seal the day and year first aforesaid.~ Se and delive ' the pr nce of ~ , 3 ~ di i/ ~ ~~'1/1- t ~ ~ i Wit llia?a R , Harss ~R ' i ness rg et A. Harss ~an STATE OF orida ~ S t . Luc ie ~ couNnr oF Before me Fenonally appeared W~ll~ ~ R Hsra~ a~ MaruaYet A. Hal'IdS his wife, to me well known and k~own to me to be rhe individva!s described in and who executed tkc foregang instrument, and acknowledged befo?e me that they executed 1he sartx fw the purposes ' therein expressed. And the sa:d Maraaret A rse ~ Harns f wife of fhe ssid W3111~~ R. upon a sepa.ate ~nd privat~ i exam~nat~on by me taken separate and apart from her said husband, adcnowledged to and before me that she executed said inftrv~rK~ii''q~e~ly and volum ~ rarily and witiiovt sny compulsion, consrraint, appre i , ar af or f s~~, . WITNE55 my hand and otfic+a! sea! this ~ dey f 11 t ~ 8, ~y~ r Notary Public in snd i thr~tate:of l~~ Sat C~rye: My Commiu'an expires: : F~nZ d . c Return io: - c•t~ ~ d;~ Fint Federal Savings 1L loan Association `~-e ~"~f~.~a Of Fort P~erce. 26~ 7 ij~ _ Ct~?tR~t• Fort Pierce. Florida . ! c.•,}~~~;;,'~ ` ~ ~Q~, This Instrument Prepared ey GaYy F. Ellwood f,~~~lbitE,~ First Federal Savings 8 Loan Association =~•RO ~Ea P~~~~j•RA!"` of Fort Pierce ~~ZoZi~ ~,ERK CiRCUIt COtMIT Checked By RECOAD Yf RIFIED ry A~c I+1 9 ~i ~M'~3 800K~11 PACE~~e~ sb - - E - - ~ ~ f ' "'L~ ~~~a~'2~'.?,^~ ; {'~s ~'Y <~'s s.; ~c~-s G' ',:.X+ _.~.e".~-