HomeMy WebLinkAbout0940 3. To piace and continuo~sly keep on ~}~e buitd~~g~ ~ow a hereaf~er ~~tuats on said iand and on ali equip~T~ent and pe~aonally covered by this mortg-
ege, wi~b al) premiums thereon pa:d in f~ll, f~re inswence in the ~a~al smndarJ po~ity form, in s sum aNproved by thc MORIGAGEE, and w~ndetam
nsu~ance in ~he unval ara+ida~d pol:cy torm, in • sv~n approved by ihe MORTGAGEE, in such compsny or compan~es as the MORiGAGEE msy
d~red; and all fire and w~ndsrorm insurance policies on any of sa~d build~ngs, any inraeat therein ur pert Ihereof, in the agg~ega~e sum afore~aid w
in eac~fs thereof, shalt conrain the uwal sta~~dard mor~gagee c~ause w wch o~her cta~se as the Moriga9ee may requ~r~, maMing Ihe ~oss under said poli-
c~es, esch anJ every, payab!e to said A1pR~GAGEE aa its interest may appoar, and each and every svch pohcy ihaU be promptly ass gned and deiivered ~o
any held by said h10RTGAGEE as iu~?her security ~o sa~d mor~gage d~bt, and, not le;~ lhan ten (10) days in edvance o( the expiration of eac6 poGcy, to da
lner to said MORTGAGEE a rcnewaf thereof, Iogether w~fh a receipt for the premium of such renewaf; and ~hera shall bs no f~re or windstorm insurante
p!aced on any of said build~ngs, any iMSrest therNn or part thereoi, untesa in the form and with the ~oss payable as atoretaid; end in ~he event any sum
oi money becomes payab~e under such policy or potitiea sa~J MORTGAGEE ~h~ll have ?he opt~on to receive ar'd apply the same on account ol the indebted-
nrss securrd hrreby w to pe~mit said MORTGAGORS to reeeive and use i1 a any p~r~ thereo( to~ o.hcr purposes, 4•,~~hout th~~cuf wa~•i•~7 cr ~n:pa~r-
fng any equ~ty, I~en or r~gh~ under or by virtua of ~his mo:!gagc; and in ~he event ~a1d MORTGAGORS ihall ta any reaion fail to keep the sa~d p~em~szs so
~nsv.ed, w(ait to deliver promptty any of sald policies of inswance Io sa~d MORTGAGEE, or fail prompfly to pay fully any premlum therefor or in any -
respect fail ro pe~form, d~scherqe, execu~e, e(fect, comp~ete, comply wi~h and ab~de by th~s covenant, or any part hareof, sa~d MORTGAGEE may pia:e a~d
pnry fw such inaurance or any part thereo( w~thoul wa7ving or affeaing any op~~on, i1en, equity, or r~yht under or by virt~e of th~s Mwtgage, and the
a~n~unt of e"ach and every such payment shalf be immediately due and payable and shail bear inieres~ trom tha date thereof until paid at the ~a~e ol
e prr centum per ann~m and to~e~h~~r wirh svch ~nte.cst shaH be sew~ed by the l~en o1 this mvrigage.
1, To permit, to~nmit ot iuffer no watte, im~wirmcnt p deter~oration of said property or any part Ihercof. '
S. To pay all and singuta~ 1he costs, charqes and expenses, fnciud~ng a reasonable attor~ey i fea and cosrs of aba~ractt of title, incurr~d or paid at
~ny ti:r.e by said MORiGAG:E. because a in the event of tha Failure on Ine pan of the said MORTGAGOR to duly, p~on.ptly snd fu11y periwm, d~uharge.
..~c~te, e~Fect; complete, co:nply w~th and ab;de by each and eve•y tihe st~pulat~ons, agreements, conditions, and cove~ants of said promissory note and this
•_,rtgage any or eiiher, a~d sa~d costs, chargea and expenses, each and every, shafl be immediately due and payabie; whether or not ~here be ~otice de
,,,~.d, a!tempt to coUec~ or suit pend~ng; and the futl amovm of each and every svch paymem shall bea. interea~ from the date thereof uMi{ paid at the
o+ nme per o:nt~m H.er an+i~rn; er.d all aaid costs, charges and exNerses incunrd w paid, sogether weh suth inierest, shall be set~rod by the lien of this
,,,~•r~age.
6. That (a1 in the event of any breach of this Morrgage or defautf on ttr part of the MORTGAGOR, or ~b) +n the event any of ss~d sums of money
~.•re~n referred to be not promptly and fu~ly paid within th~rty (30) days nex~ a+ter ~he same severally becon~ due and payabte, without demand w notice,
_ r'c) in fhr event each and every ~he stipulations, aqreements, cond~tions and covenants nf sa.d prom~sscry note and th~s mortgage any or either are nm
j:'~. prornptly and lutiy performed, d~acha~ged. executed, etfected, cump!eted, comn::ed with ar.d ab~ded 5y, then i~ edher or any such event the said ag
~,<~a+e s~m menr~oned in said prom~ssory nore then re+na~ning unpaid, with interest acuued, and al~ moneys secured hereby, shall become due and pay-
,+c; a forth.vith, or rhereatter, at the opa~on of s3~d 610RTGA'vEE, as futly and compielCiy as ii all of thr said wms of money were onginapy stiputated
_ ~c pa:d on wch day, anything in sa:d pro:»issory note or in this rAo:tgagz to ihe contrary not.v~thsrandiny; and thereupon or thereafter at the op~ion of
:i MORTGAGfE, w~thout nohce or de~nand: suif at faw ot in eq~~ty, therafore or thereafter begv~, may be prosecu!ed as if all mo~eys setured hercby
matured pnor to ~ts inst+T~t~on. -
7_ That in the evznt that at rhe beyinn[ng of or at any time pcndiny any suit ~prn this Mongage, or fo fweclose it, or fo reform it, or to enforte
..~.ent of any c!aims he~eunder. sa~d ?1tORTGi:G_~ sho!1 apply to the Court ha,r~,:g ~~~~sJ~ct~on fhereo! for the appa~ntment of a Receiver, such Court ~hall
~~.,.•fi ai:pcint a receiier of said rr.o~tya~ed Fro;;-r+t~ a~l and sing~;ar, inci Ki~ng a~! a~~d siny~lar fhe ir.come, proiits, issues and revenues from whatever
_ d<nved, each and every o` wh:~b, i! be~ng eapress:y ~nde~stuod, is l:er~of rnor!gagrd as if specif~catly seT (orth ar.d destribed in the granting and
.dum c~a~ses hercof, ard such Receiver shall ha:e ail the broad and efiec•~+~e f~~~c~ ons and powers in anywise enhusted by a Court to a Receiver, and
+;~pe.intmenf sh~~~ be m3de by s~ch Co~rt as an ad~~~i~ted equity a~:d a~*~aricv of ab:o~ute ~ight to said MORTGAGEE, and wifhoul reference to the
'_.~,_cy or inadequacy of tFe va:ue of the property mortgaged or to tiie so~vency or ~n5o:venty of said MORiGAGOR or the defendants, and thal such
• ~s. profrts, income, issues and rever,urs shatl be appt~ed by such Recwve+ accord~~eg w the Len or equ~ty ot said MORTGAGEE and the pradice of such
8_ To duly, p.ompt:y and fully per'orm, d~scharge, ezecute, effect, comptete, comply w~th and abide 6y each and every the stipu(ations, agreemeNS,
1,• ens and coveriants n said promissory note ar;d th:s rncrtgage set forth. ~
9. ~h:at in the ev?nt the orine-ship of !he moctg3ged premises, or any part thereof,, becomes vested in a pe.son other than the MORTGAGOR, the
:?'GFGEE, irs wcc~ssurs a~.d a5s•^yns, rnay, wicho:;+ nonce to ~he MORTG~'.OR, deai wnh svch succrssor w successar in interest with reference to thia
- "~_~ayC and tne d~-bt hrreb f secured in t1~e same manner as with lAorlgagor without in any way vitiating or d~scnarging the Mortgagorf' liabilify her~
1:;: o. u,w~ ~he d~.br here:,y sec,ucd No saie cf ~he Fre~»isrs hcreby mortgaged ar.d no ferbearance ~n the part of fhe MORTGAGEE or its successors
c,;~ns ar:d ~o eafe~s;on cf the t~:,~~ +~r ~ne payn:ent of t~~e debr h-,~eby secured given by the MORTGAGEE or its successws w assigns, aiiall operate
..•_,se, d~scharge, mod~fy cnar.ge or affect the or~g~nai liab~i:ry of the NGRTGAGOR herein, either in whoie or in part.
10. It is sF,edf~ca~iy agreed that tirne is o( the esser.ce oi this contracr and that no waiver of any obligation hereunder or of the obliga2eon se-
~;•ed hereby shal~ at ani ti-,e rhereatrer be he!d ro be a wa~~er of tha terms herecf or of the instrumem secured herby.
1 i. In add.t o~ 'o the forego -~g n.unth~q paym ~nts of pr:r,~ pa1 and in!r.est required by the prom~sscry na~e secured hereby, mortgagor covenants
;~ees to pay to mo•t~~cee v,ith each monrhiy pa~~~~ent an edd,r,onal sum est:.~.ared by mortgagee to be eq~al to 1;'12 of the annual cost of the follow-
A-Afl rea! ~;roperty ta,.es !e•.ird o• assess_!i ag,i~s! tf~c auove dezv~~ed r~al es!ate. ~
6- F: _~~.~o^~s en f~re 3nd wir.ds~o•m ~nw•a~.ce as he: ein requ:red to be ca~nrd on the [mprovements situate on the above described premises. 4
C-Pre~-:~~ns o~ s;~ch mortgnge gua~anry ir:wrar;e as mo•t~agee sha~l frc~r rme ~o time deem fit to tarry on the loan secured hereby.
t.lortgagec s'r~; frem ~~•,:e to f~~~~e no<~fy mort~.,gor in ~v~~t~ng of the amovnt due and payable hereundrr and such sum shal~ thereupon be due and
~ !re on the c1~e ca!e oi }tie nexi rnc-~th:~ paymenT and each wccessive month tie:eafter urei! morigagee shaH notify mortgagor of a thange in such
f -r. Such sums sF a!! be app!ied by mor,gaG•:_~. totiard ~i,e payment of real prope~ty taxes. insurance prem;ums, and mortgage guaranty insurance
' .ums.
~ tN \YITNESS VINEREOf, the sa~d MOkiGAGOR has hercu~.to ses his h3nJ and seat the day year firsf said.
~ ~ ed led and det~ve presence of:
~ ~ ~ _ 8 . 8 (,~ea0
~ / (S.~eal
- ~ (~eaq
a er e. ar s ~~a~~
~ - - - - -
- a~ F~oaioA
u_
, ~~~rY oF St. Luc ie ~
Before me personatly appeared ~'an~~Tl A. Harris a~
_ Valerie v• Harris his wiie, to me vfelf known and known to me to be
.~ndividuais desuibed in and who executed the foregoin instrurt~ent, and acknowledged befwe me that they executed the same for the purposes F
•-_~e~n expressed. Arxl ~he said_-_ _ V81e2'~@ V• Harris
~ of the sa~d A' Ha~~ _ , upon a separate snd private
~ f-. nar~on by me taien s~pa~ate and apart from her said husband, acknowledged to and befo~e rtx that she executed said instrument freely and volun-
~ , ~ and w~tnout any compulsion, constra~nt, appreh n n, or fear of or from her said husband.
~ :VITNESS my hand and oFfic~al seal ihis_ _ day of__ Ap~l A. D. 19~
~
~ Notary Pub n and tor the tate of florida at Lar e
. IV1y Commi on expires: G/ /Y 7~
~~~~t17~~..:
Return io: , , .
~ ~sr iederal Savinga 3 loan Associat~on l`~ ;
, .
Of Fort ?;erce ~ ( \ • ; `
€r ' '
Fort Pi~~ce. Florida ~`C~lv• .f•( ~E~p~UED
; l,YC
~ - fILE~~~C COUIiTY FU.
. r- t c-..- ST. tU ~SRAS
~ `1 'F+ 'u: RQGEF ~i CO+JR?
~ : j~;;• CIEaKC~:LU ~ :
: O • oF~OQ^'{~~t=1En ;
~ This Insirument Prepared By Wiq. E. B2'a111'~.-~ ~ ~ i
~ First Federal Savings & loan Assotiation G~~e: ~`44,;' ~ 2 S7 Pn'75 #
~ of Fort Pierce~ Florida .9Zp ; ~R ~
''~~,.,u;eiin,r~.t~ ~
Checked By BOOK ~~V PA~f 939 3~~7
527
~ ~ ~ . _ - ~ .
3 : r~.~ i~~s a„ ~ ~b~'#` -
w
"w ':n
•'~•~T~. ~'~'-,r'
. _ -~'~su` ` . ' _