HomeMy WebLinkAbout0936 3. To place and conrinuousiy kecp on the bui:dings now or hereaher utuate on sa~d ~and and on ali equipmenl a~d perionalty covered by this mo~tg•
ege, wUh sll p~emiuma thcreon pa~d in f~ll, (~re insuranctl in tha usva~ standerJ po!icy form, in ~ sum a{:p~oved by the MORiGAGE[, and windsrorm
:nsurant~ in ths us.fal s~andard poGq form, in a aum approved by ~he hM1ORiGAGEE, in wch tompany or companies as the MORIGAGEE may
d~reu; snd all fire and w~nds~orm insurance pol~urs on any of eald bu~ld~ngs, any in~eres~ the~ein or parl thereof, in the aggrega~e sum afweiaid or -
in excess thereaf, sha~l contain the uwal s~andard mortgagee clause or wch other ~Iavse as the Mo~tgayee may require, maling Ihe Ioss under sa~d po~'r
ues, each and every, payable Io said MOR7liAGEE as its imerest may ~ppear, and each and avery such po!icy shall be promp~ly ais qned and delive~ed to
eny held by seid MORTGAGEE as funhe~ security to sa~d mortgage debt, and, not less than ten (10) days i~ advance of the eYpirelion of eath policy, to dr
I~ver to uid MORTGAGEE a renewal thereof, ~ogether with a rece~pl for ths premium o1 such renewal; and Ihere sha8 be no f~re or winds~o~m insu~ance
p!aced o~ eny of said build:ngs, any interesl there~o o~ parl the~eof, untess in the tonn and w~th the loss payabfe as afo~eseid; and in the event any sum -
of r.~oney bccpmes payable unde? suth polity or policios sald MORTGAGEE shall have ~he option ~o rece~ve and apply the same on accounl of the indebted-
nrss sccured htraby w to permit aaid MORTGAGORS ro ~eteive and use it a any part ti~er~o! lor u:+~~•r purf~osrs, v.~iho~r ih:•~rur ~va~.~.,3 0~ ~~npair-
~~g ar~y equ~ty, I;e~ w::ght uncler or by virtve of thii mortgage; and in the event ta~d MORTGAGORS shall for any reaso~ fail ro keep the said prem~ses so •
In:~red, or fail ro det~ver pranptly any of said polKizs ol insurance ro said MOR1GAGtE, or faJ promptly to pay fully eny pre~~~ium ~herelw o~ ~n any ,
reiped fail to perfwm, discharge, exec~te, eifect, canpteta, canFly with end ab+de by ~h~• cove~an~, w any part hareof, said MGRTGAGEE ~~ay piace a~~d •
F>ar for such insurance or a~y part ~hereof wi~hou~ waiving w afFeuing any opt~on, lien, equ~ty, or right under p by virtue of this Martgage, and the
t~,~i amount ot each and e~•ery wch paymero shalt be ~mmedia~ety dve and payable and shal! bear interes~ from the date t}xreof until p~id at the rate of
~Cf CG11fUtP. per annum and 1J:~<•ihCr .virh wch inrei~sf sha6 be srwred by the ~~en of ~his mo~lgage.
4. To pe~mi?, commit w sutler no waste, impaermrnt or deterioration of ~aid property or sny part thereof.
5. To pay all and singutar the costs, charges and expenses, ~n:luding a reasonable attorney i fee and costs of abstracts of title, incurred or paid at
fime by sa~d MORfGAG:E, because w in ~he event of the faiiure on the part of the said MORTGAGOR to duly, promptly and fully per{orm, d~scharqe.
.-~~.:ute, effecl, complete, comply wi?h and ab.de oy each and every the stipu~anons, agreements, conditions, and covenan~s of said pranissory note and ~his
-,rrqage any or either, and sa~d costs, cha~ges and expenses, each and every, ihaH be immed~ately due and payable; whether w ~ot ~here 6e notice de~
attempt to col+ect w suit pend:ng; and the ful! amount oi each and every svch paymem sha{I bea. interes~ from the date ttxreof until paid at the
o` nine per can~v~n per a~~nu:~r, and ail said cos~s, cnarges anei ezpenses incurred or paid, together wdh such interest, shall be sewred by ~he lien o( ihii
~~o•rgage.
6. That (a) in tfie event of any b~each of th3s Morrgage or default on the part of the MORTGAGOR, or {b) in the event any of said sums of money
her~ln referred to be not p~anptly and fut~y paid ~tiithin th~rty (3~) days neat a'ter she same severa'!y become due and payable, withoul demand or notice,
~r :c? in the event each and every the st~pu~aticns, agreements. conditio~~s and covenams of sa;d promiswry note and fh~s mortgage any w ei~her are nol
promptly and fully ~r~rtormed, dacha.ged, execvted, effected, tompleted, c~n,p~~ed w~th and ab~Jed Sy, then in either or any such event the u~d ag
t' ~~tz sum memioned in said promissory no:e thzn remaining unpa~d, with interest accrued, and a~l moneys secured hereby, shall become due and pay :
fo~!hwith, or thereafrzr, at the opr~on of sa~d MORTGAGEE, as tuliy and comp~etrly as ii all of t}tie said sum~ of money were o~~ginslly st~pulated ~
•I r,~ pa.d on svch dcy, any~fiir.g in sa!d prom~ssery note or in this tilo,tgage to ihc mntrary notwithstandu~g; and thereupon w thereafter ai the opnon of
tLORTGAGEE, w~thovt no~~ce e• demand, s~~t af !aw or in eq~ity, theratore or ther.aher begun, may be prosecuted as if all moneyf setured hercby ~
: ma~ured pnor to +ts institution. f
7. TFat in the event ihat at the 6eginn:ng af or at any time pend~ng any suif upon this Mortgage, or to iweclou it, or to reform it, or to enforte
,c it of e~y ciahns hereundei, saEd /.'OR7GAG~E sfia'1 appty to the Co~r~ hav~ng ~u: ~sd:ctlon ~ho~eof for the appo~ntment o( a Receiver, such Court shall
,v:rh appu~nt a recri;er of a,:d mortga~ed pro~,..rty a!i and siny~'ar, in~ ~d.rt~ ail and s~nyular ~he intome, proLts, issues and revenues lrom whatever
c~crived, each and every of vvi~:ch, rt t~•in_y cxpress:y understoed, is hereby ~noriyaged as if specifically set forth and desvibed in the gra~ting and
,~::dum c~auszs herrof, ard wch Rec~iVer shalt have a~t the brcad and effec+~+e funct,o„s and poweis in anywise entrusted by a Cou~t to a Receiver, and '
~ppointment shail bc mad~ by svch Cou~t as a~ ad~nitted egu~t~ and a maner of absoiutr-tight 1o said MORTGAGEE, am! wi~ho~t ?eierente ro the ~
_~~cy or inadequacy of the vaive of the p~operty mortgaged or to tiie so~venty or ~nso:vency of said MORiGAGOR o~ the deFendants, and that such t
• proiits, income, issues and revenues sha:l Le appi~ed by such Receiver aaord~ng to the lien or equity o( uid MORTGAGEE and the praUice of such i
..~.,rt. ~
8. To duiy, prompf:y and fu1~y perform, d~scharge, execute, efFect, complete, cumpiy wirh and abide 6y each and every ihe stipulations, ag~eements,
.,r „~s and cover.ants ~n s;~c! promissory r.ote and ~n;s mortgage set forth. €
9. Ihar in the eve^t the ownershlp of the mortgaged prem~ses, ~r any part tnereof, becomes vested in a person other than the MORTGAGOR, the 4
. `:AGEE, i!s svccessors and ass:~ns, may, wi+hout nohce to the MORTG:~OR, dea~ vv+th s:xh successor or wccessor in interest with refere~te to this #
•;_~ge e~~d the deb~ hr~eby secured in the same ma~ner as v~irh t+lwtgagor ~,w~thout m any way viuating or d~scharging the Mortgagors' liability herr 1
~ or upon Ihe dcbt hrreby secvr~~d. No Sa:e cf the Fre'~nises hereby mvrtgaqed and no forbea~ance on the part of the 1~IORiGAGEE Or its successors
„ss~3ns and r.o exrension ot the time for th~~ payn:er~1 u! the debt h~re6y secured given by the ~dORTGAGEE er its sutcessors or assigns, s5all operate
, ase, d~scharge, mad~fy chan3e or affecr the ong,nal I:ao~Lty of the MORTGAGOR I~erein, eitixr in whole or in part.
10. It is spec~fically agreed that rime is of the essence of this mn:ract and tf:at no waiver ot any o6Ngat~on hereunder w of the obligation se-
:;~_d h:reby shati at anv time ~iiereaher be hetd to be a waiver o4 the !e~ms hereof or of the instrument secured herby.
11. In add r~on !o the forego ng month?y ualm_n~s of p•~^c pa; and ime.est requ!-ed by the promissory no!e secured hereby, mortgagor covenants
.-:}~e.~s to pay fo rco~t3~gee v..:h each mon!h'y F:a~r.ieni an add r~cna; wm es::.^:ared by merigagee to be equal to 1 j 12 oi the annual cost of the iol{ow-
~
A-Aii real property tax.s Ie~ne: o~ aszes~~_o ag,:ut the above descri,~,_d r,a~ es~ate. f
' 6-F;c~r.~u~ns o~ !~re and v:~r:dstor~n ~nsurar,ce a> here~n r-q~;red to be carrlcd o~t the improveme~ts situate on the above desaibed premises. s
i
C-Pr~m~ums on svch morig ~ge guaranr~ ~csu.a~ ce as m~•igaqee shatl frcm f.me to time deem fit to carry on the loan secured hereby. E
' M.ortgagec st~o.! '~om n••,c to t;•,Ze nc!~i ~ mu~rgago~ irl v.rit~ng of the ar, o: nt due and payable hereunder and such sum shall thereupon be due and {
~ a on the due ciate of tne ~~~tt n;onth:~ payment and e~cn successive month thereaiter unti) mortgagee shall rtotify mortgagor of a change in suth
,^.r. Such wms stia'I be app`ied by rr:cr'gagre io::ard the paym.ent of real property taxes, insurence prem:ums, and morfgage guaranfy insurance
~ vms.
E I~d WITP~ESS '~h'HER~OF, rh? sald h!ORTGAGQR F.as hereurto set his har.d and seal the da ear first a e d. ~
~ i e ated and de" he presence ot: ~ 7
d - (Seal) ~
~ ~i~ v~ o a1Y1 A s (Sea1) , #
~ - _ - - Valerie V. Aarr s I cxa~~ 4
~ , - - - tseap =
i
'~`E OF fIORIDA ~ }
SS.
;~:TY OF ~~e. I11C~6 _ I ~
Before mz persor,ally appeared - _ FI'a111C1~fl A• HSIT~3 and :
~
_ vAlA~6 v. Harris his wife, to me well k~own and known to me to be !
•,~ndividva?s describ~d in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes
~ .•~~n expressed. And the ~3~a_= _ 7alerie v• Harris
~ of the said r' T811~C1~T1 A. Harris , upon a separete and private
~ nor~on ey me raken sepaiate and apart from her said husband, acknowledged to and before me that she exewted said instrument freely and volurr
~ ~ a.:d w!thout any cumpulsion, constra~nt, apprehens~o~or fear of or from her said husbartd.
~ `.'lIiWE55 my hand and offic~a! seal this__ day or_ April , A. D. 19 75
~
Notary Publ' ~n and for th State of Fbrida at large
My Commis ~on e~cpires: G~ /9 J3
~ Retvm To:
~
~ rse Federal Savings 8 Loan Assouat:on •~~;f
ti ~ ~r:,
~f ~Ul} 7,C•fC~`. !~t ~ f
~~`~•••~•~~o~~'.~.- - FiLEOaN,~ECUR0E0
~ Fo.f Piarte, Flcrida ~ ~:~.E1,~'- ST.IUCIC C~~JNTY flA. ,
~ l•~ ROG~ =r,.iRAS ~l
~ t „ti `i~~; ` CI~RK ~~+CUiT COURT i ~
~ ' ; c~':: P.FC~R" y~••~=~EO {
~ This Instrument Prepared By WIO. E. $raun - 'S'-'':
F~rst Federaf Savings 8 loan Association ~ ~
~ APR 9 2 s6 PM 75
~ of Fort Piercey Florida "
~ Checked By , y?:,T,'„e~ ~ 3~5~~a~
~ . T 800K t~M ~ PACE ~
- - - ~ ~ z~.
~ i _ _ - :t ''"5„ -
t~~- J~ ~ i
_ ~ ~ d ~ _
. . . _ . .'~cs~'~:~..-._ . _ .