HomeMy WebLinkAbout0938 3. To place and con~inuowly keep on ~he bui!dln9s now o~ hereaf~er •~tuaro on sud Iand and on all equipmeM and persanslly covercd by thif ma~g~
ege, w~th all p~emiums ~hereon pa~d in Futl, ffre insurance in ~he usual stendard pu!ity form, in • wm app~uved by the MORIGAGEE, and winds~orm
~~suronce in 1he usual etandard pol:cy iorm, in a sum approvcd by ~hs MORiGA~EE, in s~ch company or companis~ as ~hs MORiGAGEE may
dlrec~; and alf fire and w~ndstorm inswance polic;e~ on any oF said bu~~d~~gs, any interesl ~hereio or psrl thereof, in the aggrega~e ~um aforesa~d w
in extess Ihereaf, iha? :ontain Ihe usual atandard mang~gee dause o~ iuch othe~ clauae as 1he Mortgagee may requ~rs, making Ihe loss undcr sa~d poli-
c~es, each and every, payable to ~aid A~ORTGAGEE as ~ts intcrest mey appear, a~d each and every suth policy sLaN be prompHy ass gned a~d delivered ~o
en~ hetd by se~d MORTGAGEE as fu~ther security to sa~d mar~gage debt, and, nof less than ten (10) days in adrance of the expiration ot each pof~cy, to de-
I,~rr to said MORTGAGEf a renewal the~eof, Ioge~her with a receipl for fhe prQmium of suth renewal; and Ihere shall be no f~re or winda~orm insurarue
pleced on any oi said buildings, any intareat ~herc~~ or part tha~cof, un:~as in ~he lorm and with the loe~ payable as eforeiaid; and in the eve~f any sum
of money becomet payable unds~ such poGcy or poGcies said MORTGAGEE shail have the optio~ ro receive and apply the same on atcouM ol the indebted-
ness sccured hrreby w ro permit sa~d MORiGAGORS ro rcceive and use ~1 or any p~rt ~h~~rcof tci o:hrr purposes, w~~ho~t th~.ro~ wai~i •g or ~~np~lr-
ing any equiry, lien or r;ght under or by virwe of this moctgage; and in ~he event sa~d MORTGAGORS ehafl :w any reason feil to keep the said premisrs so
nsured, w lail to deliver promptly any of said pol~cies of insurance to said MORTGAGtE, or {uil promplly 1o pay fulty any premium Ihe~efw or in any
resp~t fail to pe~fwm, dlscharge, l~ecute, eHect, comp~ete, co+nply wi~h a~d ab~de by thit cove~aN, or any part hereoi, sa~d MORTGAGEE may place a~~d
`ay (or such ins~rance or any parl thereof witheut waiving or afiecring any optiwi, lian, equ~ty, or right under or 6y virtue oF this Mo~tgage, and tht
!v'.I amount of eath and every such payment sha~l be immed~ately d~e and payable and ehall bear intere~t fiom the date thereof uotil paid at the rate ol
~e per cenrum per ann~in and ~o~ether w~!h s:ch ~ntereat sha:i be srcured by the tien ol !his mortgage.
d. To permit, commit w auHer no waste, impaument or detericration of sa~d property w sny part thereof.
5. To pay alt a~d sing~iar the costs, charges and expensrs, including a reason~bfc at~orney's fee and cosls ef abstracts of title, incurred or paid at
~n~ fin~e by sa~d MORIGAG.E, becauso or in the event ~f thc fa~lure on tne part oF ~he said MORTGFGOR to duly, promptly and futty perform, d~xharge.
_.ec~ts, effect, complere, comply wah and ab:de by each and every the st~pulat~ons, agre~ments, tonditions, and covenants oi seid prom~sso~y note and thi~
•,rtgege any ot e~iher, and said tosts, chaiges and eapenses, each and every, shall be immediately due and payable; whether or not there be not~ce da
.,,3nd, a!tempt to cotfecl or suit pending; and the ful; ameuN of each and every such payment shall bea~ interest from Ihe date thereof until paid at the
n;ne pe. cani;,m p:r aunu:n; and a~i said cosrs, cha:~cs and ex~:er.ses encurted or pa~d, sagether wnh such interest, shal{ be secured by the lien of th:i
n~c•r4age.
6. That (a) in the event of any breach oi fhis Mortgage or defauit on t1k part of the MORTGAGOR, or (b) in the event any of sa~d sums of money
i~.~rnirl referred to be not promptly and ful~y paid within th:rty (30) daye ~ex~ aircr the seme severally become due and payable, withoW demand or notice,
~r (cl in the event each ard every the stipotatons, a~reements, cond~t~ons and covenanrs of sa.d promissory note and thls mortgage any o~ either are no1
iv.v. promprly and iufiy performed, d s:ha~ged, execv~ed, effected, cwnpleled, co•np~~ed v.;fh and abided Sy, then in either or any such event the said ag-
~ate sum me~vion~ in sa~d promissory note than remaming unpaid, with ~nterest accrue:l, and a~l moneys secured hereby, shalt become dve and pay-
r;, ~ forthwith, or ;hereafter, at the option c~ s.,~d htORiGAGEE, as tully anJ comp;e<<~~y as it all of the said sums of money were a~ginally st~pulated
pa:d on such day, anylning in sa;d Fr~-r,~zsory note or in this Mo:tgagr to the con~rary notw~thstanding; and thereupoo or thereafTer at the option oi
MORTGAGEE, w~thc~~i nonce or demanJ, suit at taw or in equily, therelu~e o% therraher begun, may be prosecuted as if all moneys secured he~eby
r, d matured pno~ to us inst~tut~on.
7. Tha~ in fhe eveM :hat at the beginning ~f or at any time pcnding any sv:t u~on this Mortgage, or to foretlose it, ot to reform it, o? to enforce
,;~~~ent of any c!~,ms her,~nder, saici t.YvRTGiaG:~ sha~l apply to tha Co~rt he+u~g ~~nsiic~ion tt;ereoF for the appointment of a Receiver, suth Court shall
~^~.v~th appoini a recei:er o( sa:d ~r.orlqaged p:or.•_rty a!! snd s~ngu;ar, ~nc:ud ng ;ii and s~~.~ ~far tne incorne, pro6ts, issues ar.d revenues from whatever
.e derived, each ar,d every of wh:~h, is be~n9 exp:rss:y unde~s:ocd, ~s her_-by n;:;rtgagc~~s if spec~fjcai~y set fo~th and deseribed in the granting and
r:dum ra~~ses he~eoF, ar,~ svch Receiver shatl have al: the br~ad and f1iM!~vti fu~ cr:ons ant~~powers iA anywise enVwted by a Court tp a Recriver, and
s,~; appointment shai: be mrde by such Cuurt as an admisted equ~ty and a rr.ancr oi absolute r~ghl to said MORTGAGEE, and without referente ro the
.,~;cy or inadzquacy of the value of the ~rc~erty mortgaged or te the so:v~.ncy a. ~nso:vency o1 said A10RTGAGOR p the defendants, and that such
~s. profits, income, issues and revenues shail be app~~ed by such Rece~ver accord;~~g tu the lien o~ equity of said MORTGAGEE and the ptactite of suth
8. To du!y, promc;r:y and Iully perfo~m, d~s:harge, execute, effect, completr, com~;ly with and ab~de by ea~h and every the stipulatians, agreements, i
i,~~ons and covenants se~d prom~uory r,ote and th~s mortgage se1 fcrth.
9, ;F.as in t!:e eve^t the oNr.ersh~p of the mortgaged prem:ses, ar an~ part thereof, betomes vested in a person other than the MORTGAGOR, the
: 2?GAGE=, its SL:CESSOrs ar,d assiyns, may, w~:hovt r:or~ce to ~he MORTGFOR, deat w~rh such successor o~ successor in imerest with referente to this
~+yaye and :he d_bt i,e~eby secu.ed in the eame manner as with 1Jtortga9or witho~t in any way vitiating Or d+scharging the ldortgagors' lisbility hert
or upon thr d_bt h_reoy sen~rcd No sa!e of the pre~r.ises h~•reby mcrtgaged and no forbearartce on the par~ oi the N10RTGAGEE or its sutceswrs
.:ss:gns and no exrens:on of rhe t~,ne for the ,ay:reni oi the debt hcreby securec~ 9~vtn by the MORTGAGEE or its successors or assigns, ahall operate {
_~se, d.scharge, modify change or affect the o:~g~nal Iiau,G~y of the 1rORTGAGOR herein, either in whole or in part. '
. i
10_ It is spec~iicaliy ag.eed that r~n,e is of ffie essence of this cor~tract and that no waiver of any obl~gation hereunder w of the obligation se-
c:, ed hereby shalt at any tin;e thereafte~ be he:d to be a wa~ve~ of the terms hereof or of the insnumem secured herby. ~
~
t 1. In ~:i~ r:cn •o th~ torc-go n,cn+.h'y pe;n.:~~ts ef pri:~c pat and inter~_s! requ~red by the prom:ssory note sec~red hereb~, mortgagor tovenants
i,-~rees to pay to mo•rg,~gee v,ith ea;h n•on±hiy pay~-.ent an edd~nonai s~m ~st~n~:ated b~ mortgagee fo be e~ual to 1,'12 of the annual tost of the follow-
i~-Ali rea! F.rupArty taxes le~re:: or asses~_d agii~~s! fhe ahove dcsv:h•d real es`ate.
B-Gr,~.z.~wr.s on fire and windsto~m insu+ante as hercin req~;red to be carried en the improv-me~TS situate on the above described premises.
C-Pre~r,~u~~~s o:~ wch mo:tg~ge guaranr~ insura~:c~ as rt~ortgagee sha~t frc.r, t me to time deem fii to carry on the loan secured hereby.
~llortgagee s~aii !rom time to t~~ne nn~~F~ mortgagor ~n w~rt:ng of the a~.;oo~t due and payable hereunder and such wm shall there~pon be due and
I ,~~'e on tha d~e dare ot the next n•,onth'y payn,unt and each wccessive monih the:eafter uatil mortgagee shal! notify mortgagor of a change in suth
_nr. Such wms s~a 1 be appiied by mor~gag._e tor+a:d the payment uf real property taxes, insurance prem:ums, and mo~fgage guaranty insurance
{ . :~.~JTS.
! IN Y11TN~SS V1~'HEREOF, the ~d 1dORTGAGOR has hereunto set his har.d and scai the da year firs id.
i ed 5 ~ led and deliv presence of:
~ ~ ~-L ~s~
~ _ `
_ _ A. ~a ~
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- - - - - V er e . a s ~ ~s~ao
f
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: ; ~ oF F~oRioA ~ :
~•:TY OF _ S'~i. Iucie ~ ~
~ Before me persana~ly appeared _____FY'8t11C1~II A. ~BYT~$ aMJ
~ ______._y81e2'~E v. H81'1'~S his wifq to me well known and known to rt+e to be i
~ ~nd~vidvals described in and who executed the foregoing instrument, and acknowiedged befoie me that they executed the same for the purposes ~
~ ~.~c~n expressed. And the sa;d -Val@rie V. Aarris ,
- o~ the sa;a Franklin A. Harris `
upon a separate and private ~
, ~at~on by me taien separete and apart from her said husband, acknowled9ed to and before me that ahe executed said .instrument freety snd voluo- }
~ ; and w:rhout any computsion, consrraint, apprehenson~ fear of or f:orri her said husband. r :
~ ~VITNE55 my hand and offiuat seai this____~ day ar___ A r~ A. D. 19~7 %
~
Notsry Pu m and for the,$tate of florida at lar~e
My Comm ~on ezpires: G~ 7„y
Retum To:
n~st Federal Savings 6 Loan Associ,tlon ~
~ Of fort P:c~:cN. ~~•1 ` - , . i
,;:a . ;'!<yl,,;'•. ~ _ A~lr: aECORDEO
Fa•t Pierce. Flonda f Lf V
~ - {,'L~~~••~(--: = :~.LUC~R COUNTY fLA,
_ . ROGEr ?Q.TR~1f ~
~ ` ~ , • . Clfgr. ~,~~LUiT COURT ~
~ ` r.r., ~ , ~ ~ AFC~k~ ~F~I~I~O ~
This Instrument Prepared ByWlt1. E. Braun . ~ ' ~y~?: [ ~
~ First Federal Savings & Loan Association g;` = y 2 56 PM ~~J
~ of Fort Pierce~ F101'3,da •i~+...~,,;..:~ L~~•
' `:S` h~'~~`'~
~ Checked By ~ - Y'„r~~~u~i~~~„~~•
~ BooK 238 P~~E 937 3oss2s
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