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HomeMy WebLinkAbout0942 ~ To plece snd continuously keep on ~he bui'dings now or hereafter ~itua~e on sa~d !and and on atl equip~nent and pereonally tovered by thit mo~1g- ege, with •i) p~emiums thereon pa~d in i~ll, hre insurancc m the ~s~al standa~J po:icy fcrm, in a tum approved by the MOR~GAGEE, and windstorm ~nsurance in ~he usual atandard pot~cy form, in a svm appro•ied by the A10RTGAGEE, in such company or compaaies as the MORTGAGEE msy d~red; and all lire and dv~nJs~orm insuranca po~ic~es on eny o( sa~d b~itd~ngs, any inte~est therei~ or part thereof, in Ihe aggregate sum ~faesaid o~ in sacess thereof, sha11 c~moin Ihe usual sfandard mo~tgagee dause or such ofher clausa as ?he Matgagee may requ~~e, ma?ing the loss under se~d poli- cie~, each a~d every, payabte to said MOR7GAGEE as u• interast may appear, and each and every auch po~ity shal! be promptly ass gned and delivered to eny held by said MORIGAGEE as fu~ther security to seid n:ortgage debt, and, ~ot leas than ten (101 days in ad+ance o1 the expirahon of each policy, to da i~ver to said MORTGAGEE a rcnewal thereof, ~oge~her w~th a rece~pt for t~e premium o( such renewal; and there shall be no f~re or windsto+m insurance placed on any of sa+d buifdings, any imerest therein o~ ptrf thereof, unless in the form and wifh the toss payable as aforesaid; and in the eveM any sum of money becomes payable ~nde+ such policy w po6cies said MORiGAGfE shalf have the ophon to retaive and apply Ihe same on account o( the indabted~ ~ nrss sewred heroby or ~o pe~mh said MORTGAGORS ro receiva and use it a any part ~ha~ruf tor o;n~~r purtesr5, v.itho~f ~h:r.o: .vn:~i,g o~ ~mpair- ing any ~quity, lien or right under~ or by virtue of ~his mor:gage; and in ~he even~ sa;d MORTGAGORS shall fa any reawn fail to keep the said premises so , :,~wred, w fail lo de!~var prompdy any of s.~id pol~cies of inaurance to said MORIGAGEE, o~ fail promptty to pay fully any premwm the~efw or in a~y respect fail to perform, discharge, eaecute, effecl, tomp!ete, comply with and abide by th~s coveoant, or any part Arreof, said MORT;,AGEE may piace and p~y for svch insurante or any pa~t ~hereof wiiMut waivi:ig or affeuing any option, lien, equity, or ngfit under or by vir~~e of ~his Mortgage, and the t~:l a~nou~t of each and every such payment ahell be immediately due and payable and shall bear interest trom the date thereoi until po~d at the rafe ol e pcr cemum per ann~m ond to~~•th~=r with such inte.est sh~i~ be s~~cur>d by the Gen o( this mortgage. 4. To pe~mit, com~r.it or wf(er no waste, impairmeN or deterioration oi said property w r~ny part thereof. 5. To pay all a~d singular tFee costs, cha~qes artd expenszs, induding a reasonal~le atto~ney's fee and cosls of abstratla of title, inwrred or paid a1 ~ny ~i~ne by sa~d MORIGAG~E, because w~n the event of ~ne fa~lure on Ihe part of ihe said MORTGAGOR. to duiy, promptly and fully perform, d~scharge. ;.~cute, effen, comptete, comply w~th and ab,de by each and every ~he st~pv~at~ona, agreements, conditions, snd covenaros of sa~d promissory note and ihit ~•rigage any or e~rher, and sa d cos~s, charges and ex~:nsea, each and eve+y, shafl ba immrd~ately due and payable; whether w not there be notice d~ a~~d, attempt to cotlect or suit pend~ng; and the full amount of each and every wch paymem shall bea~ interest irom the dafe thereof until paid af the o% n:ne per c~~nt~m H~r diULL..lI; ane: aU sa~d costs, cl~a~~a~ and expecse: ~ncwred or paid, together weh such inrerest, shall be secured by the lien of thi~ ortgage. 6. That (a) in :he event oi any breach of this hlorrgage ot defaulf on tl~e part of the h~ORTGAGOR, or (b) irt 1he event any of saEd sums of money h>_re~n ~eferred to be not promptly and fufly pald wi+t~in th~rty (30J days r.ex~ aher the same severa!ty become due and payable, without demand or ~otice, of :c? in ~he evem each and every the stipuiatiom, agrermems, condi;lo:u and covenann of sa:d promissory note and th~s mortgage any o? either are no1 prompdy and 4u~ly pertermed, d.s:ha.ged, e~ecuted. effected, comp!eted, C~»>p~~ed v:~fh ar.d ab~ded by, theo in e~the~ or any such eveN the said sg _ 3ate wm mentloned in said promnsory ncte ~hen rema~ning ~nHaid, w~th inie~r,t accrued, and aU moneys secured hereby, shall become due and pay- e iorihwith, or thereaiter, at the option of sa:d MORTGAGEE, as fu!ly a~~ compietely as if all of ~he said sums of money wero onginelly stipulated .;e pa:d on wch day, anything in sa.d p~o n~ssory note or in th~s lAoctgag~ to the cornrary no~w~thsranding; and thereupon o~ thereafter at the opt~on of ..i !AORTGAGEE, wi!hout na+~.e or demand, su~t at taw or in equAy, tnere`ure or thereahe~ beyun, may be proxcuted as if all moneys secured hereby d maTUft'd pnOf t0 itS inStitutiOn. 7. iha~ in the event thar at the beg~nning ~f or at any tirr.e pend'u~g any sult upon this A4ortgage, or to foredose it, or to reform it, or to enforte ..•_.~t of any c;s;:ns bereunder, s~~d MORTGAv~` s~ail apply tu th~ Ceur. hari~:g ~ur~sd.c!~on theieof for the appoiniment of a Receiver, such Court shatl ~th a~.coint a re:e~+er nf s3id rr.r. tyaged p+openy al~ ano sinnutar, incl~d ng aL' ar.d s~na~~ar ft~e income, p+o(d~, issues and revenues from whatever c_., den.e~, e~ch and'every of .vi~:ch, it be~ny rxpress:y understoed, is he•~i;y ~.orrqaged as if spec~i~tally set for~h and destribed in th! granting and ~ ~~dum cavses hereo%, and such Receivc: shaU har~ at~ Ihe broad -end erict~~.e fu~r. cns and power's in anywise entrusted by a Court to a Receiver, and ~ >ppeintrsent nhai~ be made by svch Court as an admitted equ~ty and a n:atter of absolute right to aaid MORTGAGEE, and withoui reference to the r ~cy or inadeq:,acy of the val~~ oi the p~operty mor~gaged or to thz so,vency or ~nse~vency of said MORTGAGOR or the defendants, and that such ~ • •s, proi~ts, in_ome, issues and revenues sha1: be appiied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practite of such ~ ,.'t, 8. To do'y, prcm~ t:y and f~;ly perton:~, d;scha.qe, execute, eFfect, co~lete, comply with and abide by each and every the stipulations, agreements, vns ard co~enan~s ,n ss~~ pro:mssory ~w1. a«d this mort~age set forth. 9. 7t:dt i~~ sne eve^t ?he ownurship of the rcortgaged prem~ses, or any part thereef, becomes vested in e person olher than the MORTGAGOR, the . ?~GAGEE, its s~~:c~se.s and ai~:yns, may, w:ihc;.t nor;ce to the ~ti50RTGi.OR, deal w~th such successor or successor i~ interest v+ith reierence to this 'yagc e~•d th~e d_•bt Fereby ae.~red in tn~ sam? ma::n~r as ~v~ih t: ortyagor withovt in any way vitiating or distharging the Mo~tgago~s' ?iabilify here- or upon the d~~ot h~rcur sccurrd ?.o sa".e of t1.e Fre~r,ises hcrrby rnortgaged and no forbearante on the part of the ~AORTGAGEE or its sutcessars ~s,~9ns and ~o exrers•on of the t~;n~ ior tF~r paymen~ of the debt hcreby sPCUred g~ven by the MORTGAGEE o~ its successws or assigns, ahall operate _.,•_,se, d.scF.arge, mcd~4~ char.ge ar affect the or~g;r~ai :~au,l~ty of she M.ORTGAGOR herein, either in whole or in pa:t. 10. Ir is speuf~c311y ~gn_ed rhar time is of the essence of this conrract and that no waiver of any ob~~gahon hereunder or of the obligation se- .:-_d hareby sha!i at amr time thereafter be heh~krbra wo~v-rr of the !arms hereof or of the inslrumeN secured herby. 11. In e,:id r.o : to r!,r fe~e.-,-'~g •t,or,;h'y pa~~r: cts of p.:~:,c p31 and i~rer~st re?u~rcd by ihe promissory no~e seCUred hcreby, mortgagor eovenants ~..:_~•ces to pay to ~norty'gee v:~?h eacF ~nc~:ih'y ;;a~::,ent an odd•no~~al sum es'•r~:ated b~ mortgagee to be equal to lj' 12 ot the annual tost of the follow- A-Afi rFaf property taxes lev+~~d or ass~ss:;u ag,,r~st thi eoore desc•~bed real es•ate. 5- P:.=r,:~u~~s on fire and windsrorm insurarce as herein requ~red to be canied on the improveme~ts s~tuate on ihe above described premises. t-Prrn~~,.~s on ;uch morfg-~ge goa•a•yry ;rsu~a~ _o as mo•tgagee sha~l fror t me to rime deem fit to cany on the loan secured bereby. .'.ortgagee sha'I hom !:n,e to t~~r,e nor~i~ mcrtgag~r in w~itmg of the a:-:o~~! du~ and payable hereunder and such sum shall thereupon be due and i ~~'e on the d~~• ciate of tne next :ncntF.~ pay~.~ent and each sv_cessive n,onth therzafter urti! mortgagee shall notify mortgagor of a ehange in such j Such swns sh; ~ be appiied 'ey mc+cgag~e ~oaa:d rhe paymenf of real property taxes, i~surance prem;ums, and mortgage guaranty insurance i . ,ums. ~ IN ~'l1TNE5S Y~NEREOF, the 'd MORTG:,GOR has here~oto set his har.d and seaf the day a r(irst af e E ied and deliv ed i e p~esence of: i ~ a~~ 9 +L.i~ • s (Seal) ~ na~.AP 9 . a (SesQ -T= OF fLORIDA t St. Iucie 7 'JTY OF _ 1 F~anklin A Harris ~ Before me persor.ally apoeared • and Valerie V. Harris his wife, to me well known and known to me to be ~ _ i^dividuals desuibed in and who executed the foregoing instrument, and acknow~edged before me that they executed the same for the purposes •e~n espressed. And the ~~~d-_- Valerie V. Harris ~ of the said F1~8t1~~1 A. Harris upon a separate and private ~ ~a~;on by me taken sep~rate a~d apart from her said husband, acknowledged to and before me that she executed said instrumem freely and volun- ~ ar:d •,~v~rhout any compulsion, constra~nt, apprehens.or~r fear of or from her said husband. ~ V~ITNeSS my hand ar.d official se~l this_ day of_- A~1 A. D. 19_Z ~i ~ - y Notary Pubti end ~or the tate of Florida et Larye ~ My Cornm~s expires: y~ G~ / 9~r Ret~rn Ta P~ Federal Savings b Loan Assoc~at,on ~ Of fort ?.._rce. ` Q ~ Fon P~:•~cE. ?i~:~d,~ " fIIEG RNC AECOR~E . ' ~ . ST. iUC;~ ~OUNtY FIA. . - ~^;~IlAS 1~ ~ . T i_ - q0~~• ~ T ~ ` ~t'••~ CLEtiK Ct3W:^ COUR ~ - ~ s - r-:. RcCr,F; :c-rt~ : ~ This Instrument Prepared By WAI. E. Braun ~ ~ , _ '~'s First Federal Savings & Loan Association ar~ ~ 2 S7 P ~ of Fort Pierce ~ Flo2'1da ''~,L ~ ~•,i,,..l•~i~_ . ~ Cnecked By ~OC~~p v BOOK ~JO PACE g41 ' . _ ~ ~ _ - _ - . ~s : 1`~ ~d'~~,~t~rT«y,,r_ rt „~~~z ~ ~ ~ ~,'~:r~ t~- i : `~c~; _ _ _ ~ _ .