HomeMy WebLinkAbout0944 3. To place a~d con~inuously keep on the bui!d~ngs now or hereafrer i~r~a~e o~~ said iand and on all equipment •nd pe~sonally coverad by this mortg-
aga, w~th all prcmi~ms thercon pa~J in tvll, fire in~uro~xe in the us~ai srandarJ po:icy (orm, in • sum ayproved by Ihe MORiGAGEC, a~d wind~torm
:nsu~ante in the usua) ~tandard pol~cy form, in • sum epproved by the MORTGAGEE, i~ sucA co~npany or tompaniq as tfis MORTGAGEE rr.sy
d~rec1; and aU (iro and w~ndstorm inw~ance po:~cies on any of said buiid~ng~, aoy inle~rsl ~herein or pa~l thereof, in the aggregate sum afweaaid or
in ezcess tF+e~cof, st~all corlain Ihe usual s~andard mongagee clause or such other clause af the Morlgayes may requ~re, making the los~ v~~der sa~d poli~
c~es, each ~nd every, payab~e to sa~d h1JRTGAGEE at its int~rest may appear, and each and every suth po~ity shall be promytly asa g~:ed and de~ivered to
any held by sa~d MORiGAGEE as (ur~hrr ~ecur~ty to said n~or~gage debt, and, no~ fes~ I~an ~en (10) days in advance ot the expira~~on o1 each poi~cy, to da
I~~er ro:aid MORTGAGfE a renewal thereof, together with a receipt for the premium o( auch ronewel; and there shall be no 1he or windstorm insurance
p!aced on any of said buildings, any interest therein or part thereof, uniess in fhe form and wiih IFe loss payable as aforesaid; and in the e~ent any sum
o.' money becomes payable under such policy a policies sa~d MORTGAGEE ahall have Ihe opt~on Io receive and apply the same on accoun~ of the indebtnd~
ness sctured F~treby or to permil Yaid MORTGAGORS ro reteive and use it d any parf ~hc~eof for otncr pu~pases, w:~hout ~h ~~erut waivi~e3 u ui~pair-
ing any ~quity, iien o~ r+ght under or by virtue ot this mo:'gage; and in 1he event ~ald h10RTGAGORS shaU fa any reason fail to keep the said premises to
~nsvred, or fail to del;ver p~anplly any of said policies of insurants to said MORTGAGtE, or fail promptly to pay (uily any pre~~~iu~n thcrefw or in any
respec~ fail to perfwm, d~scharge, execute, efiect, complete, comply with and ab~de by th~s covenant, w any part hereof, sa~d MORTGAGEE may p~ace snd .
p.~y ta such insurance or any part thereof withoul waiving a aliecri~g any option, lien, equity, ar right under w by virtue of this Mortgage, and the
.i a~nou~1 01 each and every such paymeM shell be immrdiately due and payab!e and shall bear interest irom the date ih~reof until pzid at the rate ot ~
per centum per annurn and to~e~hcr with such interest shali be sewred by the I:en of ihis mwtgage. ~
4. To permit, commit w sufter rto waste, impairment w deterioratio~ of aaid propcrty or any part thereof. ~
5. To pay all and s~ngular lhe costs, chargcs and e~penaes, inc~ud~ng a reasonable attorney i ~ee and costs of abstracts of title, i~curred or paid at ?
,~y time by said b10RiGAGEE, because or in the evem of the fo~iure on the pa~~ of ~he said MOQTGAGOR to duEy, promptly a~d fully pertorm, d~scharge. ?
_,~~cutr, etfed, comple~e, mmpiy wdh and ab:de by each and every the stipufat~ons, agreementa, conditiont, and covenants of said p~aniswry note and thif
~•.o-fyage any or e~ther, and-sa:d cast:, charges and expenses, each and e~ery, shalt be immed~ately due and payable; whether or not there be rawice d~
~:,,nd, a»empl to coliect w suit paxling; a~d the ful! amount oF each and every such pa;mem shall bear interest Irom the date thereol untll paid at the
~ oi n~ne per centurn per a~iuu~e; an~ ~il said cos~s, charges and expensea incurred or paid, together wdh suth intere~t, shall bt set~red by the lien of this
rn~rtgage.
6. That (a) in the event o( a~y breach of Ihis Mortgage or default on the part of the MORTGAGOR, or ;b) in the evenf any of said sums of money ~
herc-in referred ~o be not promptly and futly paid witfiin ihirty (30) days next a!te~ the same severaily become d~e and payable, without demand or notice, :
or cl in thz event each and every the sNpulatioos, agreements, cond;tions and covenants of sa:d promissory note and th~s rtwrtgage any or either are not ?
~~,Ir, promptly and iully performed, dscharged, exewted, effected, completed, compiied w~th and ab~ded hy, then in either or any such event the said ag ~
~regate sum mentioned in said promissory note then remaining unpa~d, with interrsl acuued, and ail moneys secured hereby, sfiall betome due and pay _
ab e forthwith, or thereafter, at the oprio:z of sa~d MORIGAGEc, as f~11y a~d compielely as if all of the said sums af money were onginally st;puiated i
o be pa:d on such dey, anything in sa:d p~o^:~sswy note or in th~s Mortgag~ to the cont~ary not~vith:rand~ng; and the~eupon or thereeiter at the op~~on of ~
s~.:i MORTGAGEE, w~~hout not;ce or ,a.ama~:d, w~t at iaw w in eyu~ty, thtrefore or therea(ter begon, may be prosecuted as if all moneys secured lureoy
n d rnatured pt~or to its inst~tut:on.
7. That in Ihe event that at the bey~nn~ng of or at any time pendfng ony suit upon this Mortgage, o~ to foreclose it, or to reform it, or to enforce
..^~ent of any c~,~.~:s here~r.der, sa~d ".1~JRTGAvcE shait apply to the Court ha+ing ~unsd~u~on thereof for ~he appo~rome~t of a Receiver, such Court shaN .
~,I,.,,tth appo~nt a recei~.er ot se~d mo~tga~eci prop.rty al! and s~~~gutar, inc:vd,ng ali a.,d aingu~ar the income, profits, issues and revenues (~om whate~er i
rc~~ der~.ed. each ar.d every of wfi;ch, ~t beir.y exµressly unders:ood, ~s h:ereby r.::rtgaged as if speufically set fo~th and deuribed in the granting and
.endum cia~ses hereof, and wch Receiver :hah ha+e a~l the broad and eifec•;ve fvnct.o~s a~d powen in anywise entrusted by a Coun to a Receiver, and
s_!, appointment sh~3~ be made by such Court aa an admitted equity and a matte~ of rbsclure right to said MpRTGAGEE, and without re~erence to the
.':~_~J3Cy ot inadequacy of the value of the property mortgaged or to tl~e so:vency cr ~nsulvency of sa~d MORit'iAGOR o~ the defAndsms, and tha~ suth
-•s, prcfits, inccme, ias~es and ~evenves shail t,e appLed by such Receiver accord~ng ro the Iien or equity of sa~d MORTGAGEE and the practice of such
~ rt.
B. To d:ity, p.o ~;.t:y a~•d fulfy perfo~m, d~scharge, execute, effect, complete, cavply with and ab;de by each and every the stipulations, agreements,
~,tic~s and covenann ;n sa~d promissory nute ar.d this mortgage set forth.
9. Tt~at i., i!+e event rh~ ownenFJ~ of the mortgsged prem~ses, or any part theieof. Eecomes vested in a person other than the MORTGAGOR, the
:,R~GAGEE, iis succ~zso:s and ass~gns, may, wiihour r.os]ce to the t1;vRTGhOR, deai with svch successor or successor in interest with reterence to this
: ryage and the d_•u~ hcrrby sewred in the same manner as with 1,'!ortgagor w~thc~t in any way vitiating o? d~scha~ging the Morfgagors_ liability here-
ri, ~ or upo~ thc drbt hereb~ secvred No sa:e of the Frem~ses hereby mongaged ar:d no forbearanee on the pan of the ~dORTGAGEE or its successors
<;~gns and ~~o exrens~or, of rhe +~me fcr the payn:ent cf the debf he~ei,y secured given by the MORiGAGEE or its successors er assigns, shal) operate
•.ase, dscharge, modify cha~ge or affeu the oclg;nai liao;i~~y of tne AfIC~RSGAGOR he~e~n, either in whoie or in part. :
. ~
10. It is spec~ficaliy agreed thar rime is of the esse~ce of this contract and that no waiver of any o6l~gat~on he~eunder or of the obligation se- ~
c~r~=d h.reby shal~ at any time thereaf~er be heid to be a waiver of fhe terms hereof or of the ir.strument sec~red herby. ~
1 i..ln aod.~:o ~~o the foregc ng r~onth'y pay~n ~nts of Enmc ps~ and inter~s! required by the prom~sscry r,o!e secured hereb~, mortgagor eovenants
-~;~ees to pay ro n,a•v~agee w~th each ~nonfF.'y par~._ent add:•wnal s~m es'~^ ared by mortyagee to be equal to l; l2 of the annual cost of the follow- ;
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A-All rtai proper~y taxes 'evicd or assesscd ag~i•~st the ai~ove desc~ibed r;-al eitata. ~
, B--Pr, n:1~~:,s on f~re and windstorm insu~a~~ce ~s nerein reqv~red to be ca*ried on the improveme~ts situate on the above described pramises.
C-Pr_~~n~un~s on such T.O(1~3ge guara~ty :~su:ar:e as mo~t~agee shall from t'me ro time deem fit to carry on the loan sec~red hereby.
b'ortgagee shai~ 'rom ~~me to r.me ncr~fy n~orrga~or m wr~hng of the a.r,o.,nt due and payable hereunder and such sum shall thereupon be due and
e on th•_ due date of the r,ext n,crth:y payment and each successive month fhereaher ur,til mortgagee shall notify mortgagor of a change in such
I ,nt Such wms sha:i be appifed b~ mortgag.:e tov.a:d sne payment of real properry taxes, insurance prem:ums, a~~d morfgage guaranty insurance i
~
~ ,wms.
{ tN 1'JlTNESS YlHERE~JF, rne 1.10RTGAGOR haa hereu~to set h~s hand and sea! the year f' t resa'
E ed ec~ and deliv in presence of: •
F ~
E ~an
~ ~ - ~ ~ ari A. r' (seai) i
x-,~-,~s }
~ - a er e . ar s ~a~ ~
- - - ~
i E OF FLORIDA ~ i
SS.
' ; ;rdTY OF ltC~e _ _ 1 :
Before me personaily appeared _ ~aT1~C1~Y1 A. Harris and
~ _ v81@I'~@ V. Harris his wife, to me well known and known to me to be
: indiriduafs described in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes
~ •~=~n expressed. And the said Q~AI'~A v. Harris
> of the sa~d ~''_?'~1k1~l1 A. Harris _ a separate and pr~~ate ;
~ nat~on by me taEcn separate and apart from her said husband, atk~owledged to and.beforo me that sF~e executed said inshument freely and volun-
~ and w~thout any compulsion, constraint, apprehens~on`~, or fear of or from her said husband.
~ WITNESS my hand and official seal ih~s._.--~-._____ day of A~1 A. D. 1975
~ ~
~r
Notary` Pyb ' n and for the State of fbrida et Larye
~ - My Com ~ expires: ~ ~ ~ Q ~ S"
:~s Retum To: .;e.:,.:.'. -
`
~ .:rst Federal $avings a loan AszociaLon . : • ;~i~ '
s;~ of f~f P E. • ~ ~ lED CUROEO
~ io%t Pierce. Flcr`d3 . t` ~,~r~' ~ ;1. `UCAhG 4 J~TY FL~.
~ _ . . ~ ~ . T v
- ~ • ~ ' . RpCER PO'TR~S
~ _ _ < < CLERK C+' :UlT COURT
~ - : ~ ~ C~ ~ 4: . R~C4FJ ":1:IC0 ;
~ ~:~1 ~'ti,'`: " c s
This lnstrument Prepared By W1rl. E. Braun . '.,r~~'.' ' ~ 2 5T f H~ 1~ '
First Federal Savings 8~ Loan Association ~Q
~ of Fort Pierce~ F101'ida ~'.t';;':~=.t~'~ ~
~ - . _ `
~ Cnecked By !~('~~e~
800K 2J0 PAGE 943 ~+v"v
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