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HomeMy WebLinkAbout1680 r 3. To plx~ and cominuously keep on the bu~:o~n9s now a Mreafte~ s~tuate on sa~d land and on ~II equipment ~id per~onally tovered by lhis mort¢ p~, with all p+emiumi therea~ pa~d i~ tull, fire insuranc• in ~hs ~aval e~andard policy fwm, in ~ sum app+oved by IM MORTGAGEE, and winds~wm iniura~c~ In tht usual irandard pol:cy fam, In • sum approved by tM MORTG/1GEE, in such company or companies as the MORiGAGEE may dirttti Md all fir~ ~nd wind~torm insurar+cs policies on ~ny of faid buildin~t, ~ny intersst tM~ein o~ parl thereof, in Ihe +ggrey~te ~um ~fa~s+~d w in ~xtsu IMreof, tMll contain 1hs usual standard mwtga9~e clavu w suth other claus~ s~ IM Matysgee msy ~cqu~r~, mabiny Ihe Ioss under ia~d poli cies, ~ach and avsry, p~yabls io said MORTGAGEE as i~s interest may sppear, and each and svery such policy ihalt be prompttY ass gncd ~nd detivered ~o u~y held by said MORTGAGEE as furthe~ security to iaid matgs4e debt, end, no~ teu than ~en (10) dayt In advance of the expir~~ion of each policy, ~o dr livK ~o iaid MORTGAGEE s renewal thereof, ~opeiM~ with a?eceipt fw the prem~um of such renewal; and ~here iMl1 be no 1~re or windi~am inwr+nc~ placed on +ny of said buildinyt, ~ny interesl therein ot part thetaol, ur~eu in the form and with IM bu payable ~iwesaid• a~d in the ev~M a~r sum of money becomes pay+bte unde~ such poiiq w po~~cies said AM?RTGAGEE ~hall hsve the option to receive and apply the •~m6 on accoun~ oi the indebted- Mss secuted hereby o? to permit said MORTGAGORS fo rtceive and use it or any parl thereof fw othet purposes, w~thout th>rebl ~vaivi~ig o~ m~pa~r- inp any equity, lien w~gfi1 unde~ or by vi~tw o1 this mor'flage; +nd in ths event w~d MORTGAGORS shall for ~~y reaso~ fail to keep the i+~d premises w insurad, or fail lo deliver promptly ~ny of said pol~cies of insurancs to said MORTGAGEE, w fail promplly to pay fully a~y p~emium therefo~ w in a~~ r~spect (ail ro perfa~n, dixha~ge, execute, effed, complete, compty wi~h and abide by this cove~ant, a any parl hereof, said MORTGAGEE may p~ate and pay fw suth insursnte w any part the~eof without wsiving w ~ffatlinp any optan, lien, tquity, w righl unde~ or by virlus of this Mortgage, and the full artauM of eath and every such payment shall be immediately due and pay~ble and shall bear interest from Ihe da1~ thereof until peid at tM rat~ 01 nin~ pa cemum per annum and togethe~ with such inrerest shall bs ~ecured by tM lien of this morr~age. 1. To pe~mit, cocnmit or suffer no wasts, impairmeM a deteriorarion of iaid prope?ty o? ~ny part 1he?eof. S. To p+y all ~nd sinyutu the costs, charyes s~d expenus, including a reasonabls attorney's fee ar+d costs of abstracts of title, inc~rred w p+id ~t any time by sa~d MORTGAGfE, betause a in the event of the tailure on the part of the said MORTGAGOR 1o duly, promptly snd fu~ly pertorm, d~xharge. execute, effcct, compkro, comply w~th snd ab:de by each ~nd every the stipulario~s, agreements, condition~, and cov~~ants of said promissory note and thi~ mort9aye any w ei~her. u+d said costs, chuges and eaper+ses. each ~nd every, shall be immediately due and payable: whe?her a not the~e be notice d~ msnd, attempt ro colkct or suit pending; and the full amouni of each and erery s~ch payment shall bee. interest from ths date thereof until paid N the rate of nine per centum per annum; and all aaid coats, charges and expenxs inturred w paid, logetker w~th such interest, shall be secured by the lien of thi~ mortgags. 6. That (a) in the event of any breach of this Mortgsge w default on tM part of the MORTGAGOR, a(b) i~ ?he eve+~i ~ny of sald tums of money herein r~ferred ro ba not prompNy and fully paid within thirty (30) days neat afre+ the same uver+tly become due and payable, without demand w notite, or in the event each and every tlx stipulations, agreements, conditions and covenants of sa,d prom:saory note and th~s mortpage any o~ either are nof ~uly, promptly and fu~ty pe~famed, d~scharged, executed, effected, completed, compl~ed with and abided by, then in either w any tvch evenf tM iaid ag gregste sum mentioned in said promisswy note then remaining unpaid, with interest accrucd, and all mor+eyi secured hereby, shall bemme dve and pay- sble forthwith, or thercafter, ~t the option of said MORTGAGEE, as fully and campletely as if all of the said wms of money were aginally stipulated to be paid on such day, any~hing i~ sa~d promissory note or in this Mortgage to the contrary notwithstanding; and thereupa~ or thereafte~ at the op»a+ of said MORTCaAGEE, without notice or demand, suit at law or in eq~ity, therefore w thereafter begun, may be proxcutcd as if all moneyi secured lroreby had matured pnor to its insGtution. 7. That in the event that at the beginning of w at any time pending any su~t upon this Nbrtgsgs, w to faeclose it, or to reform it, or fo .^nfores payment of any claims h~~e~nde~, said MORTGAGEE shall apply to the Court hsving jurisd~ction thereof iw tFn~ appointme~f of • Receiver, such CouA shall Forthwith ~ppoint a receiver of uid matgaged property all and singuta?, includ~ng alt and sing~lar the incoms, profit~, issues and revenues from whatever wurce derived, each and every of wh~ch, it being e:pressly understood, is hereby mor~geged af if tpec~ficalty ut faih and dewibed in ths ~ranting ~nd habendum clauses hereof, and such Receiver shali have a11 th~ Mo~d and efiectivr funct~ons and powers in anywise entrusted by a Court to a Receiver, and such appointment shall be made by such Gourt as an admitted equity and a matter of absolute right to said MOitTGAGEE, and without reference to the edequacy or insdequxy of ~he value of the property mwtgaged or to tF+e sotvency w insofve~uy oi said MORTGAGOR or the defendants, and that such rents, profits, irxwne, iuues ~nd revenues ahall be applied by such Receiver according lo the lien or equity c+f said MORTGAGEE and the practice of such Court. B. To dvly, promptty and (ully perform, d~scharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreemenis, conditans ~nd covenants in sa~d promissory note and th~s ~nwtgage ut forth_ 9. ?hat in the event the owrsership of the mortgaged premises, or any part thereof, txcomes vested in s person other than the MORTGAGOR, ths MQRTGAGEE, its avccesso?s and assigns, may, withoul notice to the MORTGAOR, deal with such successor or successor in interesl with reference .to this mortgage a~ the debt hereby secured in the same manner as with lulortgagor without in any way vitiating or dixhargirg the Mortqagori li~bility her~ urtd~v or upon the debt hereby secured. No saie of the premises hereby mo.t9aged and no iorbearante or? the part of the MORTGAGEE a its suctessors or a:signs and no extension of the t~me fa the payment of the debt hereby secured given by the MORTGAGEE o? its succeuws w auigns, shall operate ro release, discharge, modify change or affect th2 orig~nal liabi{ity of Ihe MORTGAGOR herein, either in whole w ie part. 10. It is spec+fically agreed rhat time is of the eue~+te of fhis contrad and that no waiver of any ob~igation hereunder or of the obligstion se- cured Ixreby ahall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In add:tio~ to the forego:ng monthly payments of princ'?a~ and interest required by the prom~ssory note secured hereby, mwtgagor covenants and agrees to pay to mortgagee with each monthly payment an add~~ional sum estimated by mortgagee to be equal to 1/ 12 of the an~ual cost of the follow- ing: A-All real_ property taxes levied or assessed ,ayainsr thc above described real estate. 8-Premivms on fire and wir.dstorm insurar.ce as herein requ:red to be carried on the improveme~ts situate on the above dtstribed p?emises. i C-P~emi~ms on such mortgage guaranty ir.surar,ce as mortgagee shatl from tfine to time deem fit to carry on the ban secured hereby. Mortgagee shail from time to time notify mortgagor in writ~ng of the amount due and payable hereunder and :uch sum shalf thereupon be due and ~ payable on the due date oi the next monthly payment and each successive month thereafter urtit mortgagee shall notify mortgagor of a change in such ~ amount. $uch sums shall be app!ied by mortgagee toward the payment of real property taxes, insu~ance prem~ums, and mortgage guaraniy insurance ~ premiums. . P IN Y~ITNE55 WHEREOf, the said MORTGAGOR has hereunto set his hand a:id seal the day and year first afwesaid. S' ed, Sealed arul d ed in the prescnce of: 0s ~j r ~ _~l~~r+'~~ l~E- ~~~Lli~'~Yl' " (c'+0 L an . ~ n s~.~ SiATE OF FLORIDA 1 couNn oF St . Luc i e ~ s~to.e ~ personally appeared Granville P Hazrison l~_, aod ~?~wraaret Harrison his wife, to me well known ~ ~j±ivt *o be the individusls desu~bed in and who executed the foregoing instrurtxnt, and acknowledged before me that they executed jfli~lllfq~thil pi~poses MarGaret D. Harrison ` therein expressed_ And the sa' ~ f; ; ,N;f~ o{ ~;d Granville P• Harrison `.~p~n s separate,atS~~irW examination by me taken separate and apart from her said husband, acknowledged to and befwe me that she executet~.~ i9trNment frealy.~rf{-vol~ql- ranly and wi~hout any compulsion, constraint, apprehension, w fear of or from her said husband. ~ : 1~ ~~;7 26th ~ ~ WITNESS my hand a~d offic~al seal this day of - Q• ~ ~ ' ~ J. - Notary Public in and for the of f ~f j?~~p = My Comm~uion expires: ~ ~ . Return To:' ~ Fint Federal Sav~ngs ~ toan Aswc~at~on ppTpRl( PU811C~ STATE t~ ~L~~?~ ~~~E Of fort P;erce. 61Y CU',~1~ ~SSi:)~~ EJ(rIR~S St~'L~ 2S, 197~ r..,..a„~ F~ '.r.:, fort Pierce, Fbrida ~ ~ s~. aocf R PO TRAS This Instrument Prepared By J, Nal Roberts ~~~RR C1RCIf~T C01l~tt t First Federal Savings & Loan Association RECOAO YERIfI€Q of Fort Pierce~ Fort Pierce~ Florida ; Checked By ~ I5 8~4 AN'T3 - ~ oR ry 261448 BOOK 2~ / PAGE1672 _ . ? ~~r : . _ _ _ _ _ . _ - - ~ x ~ _ Y>__, T_~ . _ r. U,~~: ? = ~