HomeMy WebLinkAbout2321 3. To place snd conrinuo~sly keep on the bui!d~ngs now or hereafter s~~uate on said la~d and on all equip~nent and pe~sonally tovertd by this mwtg-
~gs, w~th •II premium~ thereon pa~d in full, fire insurar.ce in 1he usual standard poticy fo~m, ie a sum app~oved by the MORTGAGEE, and wind~tam
int~rance in tM usual ~~+ndard po~~cy fwm, in a sum app~oved by tha MORTGAGEF, in such co~npa~y or comp+nies as the MORTGAGEE m~y
direct1 and all (ire ~nd winds~orm insurance poliues on any of said build~ngs, any in?e~e~t thercin w p+rt ~hereof, in the agg~e9ate sum aforeiaid o~
In excess thereof, sF.all ca~tain the usual standard mortgagee cir~se o~ such o~het clauss ~s the Matgagee may requ~rs, maAirg ths lou unda sa~d po~i-
cia, each and every, payable to said MORTGAGEE +s its inlerest may appear, snd each and every such policy shall be promp~ly ass gncd and delive~ed to
any held by said MORTGAGEE a~ further trcurity to said mortgaga debt, and, nof leu ~han ten (10) days in advance of the e:piration of each policy, to d~-
livt~ to said MORTGAGEE a renewal thereof, together wi~h a rcce~pt fw the pramium oi such renewal; and ~here shall be ~o fire or w~nd~~orm iniurar+ce
p~xed on ~ny of said build~ngs, ~ny intereit therein o~ part thereof, unlesa in the torm and w~th ths ~oss payable as afweisid; +nd in the eve~t any sum
of money becomes payable under such policy w po~~cie~ uid MORTGAGEE shall have the opt~on to receive and apply the same on accoum oi the indebted-
neu secured hereby w lo permil said MORTGAGORS to rccelve and use il w eny parl thereof for oti,cr purNOSes, .v~thout th~riur wai+~~~~ o~ i~~~pa~~-
inp any equity, lien or right under or by virtue of this mor'gage; snd in the event u~d MORTGAGORS shall fw any reason fail to keep the said p~emisrs w
+nsvred, w isil ro de~iver promptly any of said polKies of inswa~ce to satd MORTGAGEE, w fa~l promptly to pay fully any pre~n~um the~efor or in a~y
respect fai? to pe+torm, d~scharge, axecute, effect, comple~e, twnpiy with and abide by ~hii covenan~, a sny part Arrcof, said MORiGAGEE may place a~o
pay tor such insu~ance a ~ny part thereof withovt waiviog w ef(ectiny any option, lien, equity, w r~ght under a by virtue of this Mat9age, and ths
full amount oi each and every iuch paymem shall be immediately dua and payable snd shall bear interest (rom the data thereof until paid at the rate of
nine per tentum per annum and together with such interest shall be secured by the lie~ of thii mortgage.
1. To permit, commit w suffe~ no waafe, impairment o~ deterioratio~ of ~aid property or any part thereof.
5. To pay sll and singular the cotts, charges and expenses, including a ressonable st~wney i fee and costs of sbstracts of title, incurred a paid at
eny time by sa~d MORTGAGfE, txcause a ia the evenf of the faiture a+ the pan of ~hs said MORTGAGOR to duly, promptly snd fu~ly perform, d~uharge,
e¦ecute, effect, complete, comply w~th and ab;de by each and eve?y the stipulatio~s, agreements, conditions, and mvenant~ of said promissory note and this
mortgage any o~ ei~hei, and sa~d costs, chsrges and expenses, each end every, shaN bs immed~+taly d++~ +nd Wyable; whether or not there be ~o~~ce d~
mand, attempt'to collett w svit pend~ng; snd the fvl! ainount oi each ar+d awry such payment shaU bear interast {~pn Iho datp thereof uM_il paid at th!
rate oE nine per centum per annum; and all said costs, charges and exprnses incurred or paid, together w~th suth inteiest, s1w11 be secured by the lien o( this
mo.tps9e.
6. That (n) in ~he event of any breach of this Mortgage or default on the part of the MORTGAGOR, w(b) in the event eny of ss~d sums of money
herein referred to be not prompily and fully paid within thiriy (30) days next aiter the wme severelly lxcome due and payable, wi~hout demand or notice,
or (c) in the event each and eve.y the stipulations, agreements, cond~tions and covenants of sa:d p~omissory note and th~s mortgage any or either are nof
~uly, promptly and iutly per(ormed, d~scharged, executed, ef4ected, completed, complied wiih and abider) 5y, then in e7ther w any such event the said ag~
gregate sum mentaned in said p~omissory note then remaining unpaid, with interest acuued, and alf moneys secured hereby, thall become due and pay-
eble forthwith, w thereafter, a1 the option of said MORTGAGEE, as fully and completely as if all of the said sums of money were o?i9inally stiputated
to be paid on such day, snything in sa;d promissory note or in this Mortgage to the con~rary notwirhstanding; a~ thereupon a lhereafter at the optio~ of
said MORTGAGE[, without notice or demand, suit at law w in eqvity, therefwe or thzreai:er be~un, :aap Vt ~eos°cuted as if a!1 +*~eys secured hereby
had matured pnor to its instituuon.
7. That in the event that at the beginning of or at any time pending any su~t upon this Mo~tgage, w to foreclose T~ or to reform it, or fo enforce
payment of any claims he~eunder, said MORTGAGEE sAalt apply to the Court having jurisdiction thereof for the appointment of a Receiver, such Court shall
for~hwith appo7nt a receiver of sa~d mortgaged property all and singular, includ~ng all and singular the income, prof~ts, issues and revenues` from whateve?
source derived, each and e~ery of which, it being eapressly understood, is hereby mortgaged as if spec~fically xt fath and deuribed in the granting and
habendum clauses hereof, and such Receiver shall have all the b~oad and effective funct~ens and powers in anywise entrusted by a Courl to a 8eceiver, and
s~ch appoi~tment shall be made by such Court as an admimd equity and a maner of absolute rigM to said MORIGAGEE, and wlthout reference to the
edequacy or inadequacy of the value of the property mortgaged or to the sowency w insolvency o( said MORiGAGOR or the defendants, and that such
rents, protits, income, issues and reven~es shall be appl~ed by such Receiver accordmg to the lien or equity of said MORTGAGEE and the practice of such
Court.
8. To duly, promptly and fully per(orm, discharge, execute, effect, comptete, 'comply with and ab'u!e by each and evety fhe s!ipulations, agreements,
ccnditions and covenants in sa~d promisswy note and thia mortgage set forth_
9. That in tht event the ownership of ttti:: mortgaged premises, w any part thereof, becomrs vested in a person other than the MORTGAGOR, the
MORTGAGEE, its successora and assigns, may, without notice to tha MORTGAOR, deal with such successw or successor in interest with reference to this
mortgage and the debt he~eby secured in the same manner as w~tn Rnorigego~ wili~u.,i i~~ an~ way +~s:a:::.~ ar dzx!ss:^yi::g :Fx 4~:o.•!g..y_ri !ia!u~elY
under w upon the debt hereby secured. No sale of the premises hereby mortgaged and no lorbearance on the part of the MORiGAGEE or its successors
or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its sutcesso?s or assigns, ahall operate
to release, d~scharge, modify change w aifect the original liaoil~ty of the MORTGAGOR herein, either in whole or in part.
10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder w of the obligatan sr
cured hereby shal! at any time thereafter be held to be a waiver of the terms hereof q of the instrument secured herby.
11. In add:tio~ to the fwego'ng monthly paym4nts of p~inc'pal and interest required by the promissory note secured herehy, mortgagor covenants
and agrees to pay to mo:tgagee with each month!y paynzem an add~rional sum estimared by mortgagee to be eq~al to 1, 12 of the annual cost of the follow-
ing:
A-All real property tax_s lev~ed or assessed against the above described real estate.
6-Prem:ums on- i~an3-windsror~ninsurar.ce as hereTn rcqu~'re~C to be Larria'd~~s-th~'tmproveme:m sitvate-ort~h~abovc-described-prem+aea.- -
; C-Premiums on such n:ortgage guaranty ir.surar,ce as mortgagee sha(I from t:me to time deem fit to carry on the loan secured hereby.
I Mo~tgagee shail from time to tune notify,mortgagor in writing of the amovnt due and payable hereunder and such sum shail thereupon be due and
E Fayable on the due date of the next monthly payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a change in such
i a~r,ount. Such sums shali be appiied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mwigage guaranty insurance
; p~emiums.
; IN WITNE55 W~iEREOf, the said MORT GOR has hereunto set his hand and sea) the day and year f"rst aforesaid_ ~
~ ` ~ deli ence of: ~ / L~~
c~r
~ ~ Old Q• 1' a~
~ ~ ~`'L " (S~.an
~ CO=~.' K• H8tl~ (SesO
~ STATE OF ~ a~~~~'~'J ~
> ~
,(/~7 7 Z~r , I ~
COUNTY OF
eefo:e m~~yo,nally appeared N~rOld Q. HarYis and
s=~_ Coral K. Harris
~ his wife, to me well known and known to me to be
~ the iqdlvidiv~k~ y~.~bnd who execWed the faregang instrument, and ackrawledged before me that ttiey executed the same tor 1he purposes
' CoYal K. Harris
~ thereirV~c~pressed. Md~~sai~ -
~ x~_,~. ~(,~y~`~_~~~ HaYOld Q~ H81l~~ upon a arate snd privste
~ exem~a0 ~y m taked~se~ite and apart from her uid husband, atknowledged to and before me that she exetuted sai instrument ree y an vo urr
~ rarjly-~rid' dhoul~ny~c~
yl4ion, constraint, apprehension, or fear of or from her said husband. ~
~ .~~{j~~ ~~a~d"s~r~l ~ff~lt~al seal thi: day of A t - A. D. 19_2~
~ . ~ ~ . . ~ ~ ~ ~ ,
_ , .
;i_: ~ -~n -
n r. ~ ~ r' Notary Public i and f State of ~briie at Large
.
~ • My Commiu' es: /1)7
Return To: '
~ First Federsl Savings 3 Loan Association ~/~y
~ Of fort P:erce.
~:a
Fort Pierce, florida FILEO ANn kEi.ORDED
• ST. LUCi'c COUNTY fLA.
ROCE* POi7RAS ~
CCERR Cc';GU!T COURT ~
~ .
This Instrument Prepared By J~ H. Rob~ts~ JY• RECO?DYER~f~ED.~.~,..~
First Federal Savings & Loan Association Q p ~
. of Fort Pierce ~ FlOr~da~ ~ ~J v SZ AH ~3
,
R Checked By la~ 263g,71
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~i ~o~K ~~8 PA~232U
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