HomeMy WebLinkAbout1034 To place and continuously keep on ~he bui!d+~~gs now or hereafter situate on said land and on al! cquip+~enl sr,d peno~ally covrred by this mwlg-
ege, with all premiums the~eon pa~d in fult, f~rc ins~rance ~n the vsual s~andard po'icy (o~m, in s sum a~•proved by ~he MOR~GAGEE, a~d windstorm
insurance in the usual s~andard pol:cy form, in a su~n approvrd by the MORTGAGEE, in such tompany or companics as the 11lORTGAGEE may
d~rect; and all iire and w~ndstorm inwran~e po!rcie~ on any oF so~d bui~dmgt, any interest the~ein or parf thereof, in the aggregate sum aforesaid or ~
in extess thereof, shatl :on~aln the u:ual atandard mortgagee c~ause or such uthw c~~use as the Mortgagee may requue, maMing the losf undn sa~J poli- •
cies, each and every, payabte to said AIJRTGAGEE a~ its in~erest may ap~ear, and each and every such pot~cy shalt be promptiy ass gned ar.d deGvrrrd to
any held by sa~d AtORTGAGtE as iunher set~rity ~o said mortgage debt, and, not lest ~han ?en (10) days in advance o1 the expiration of each poGty, to da
Gver to said MORTGAGEE e renewal thereof,, loge~he~ with a tete~p~ fo~ the p~rmium oi such renewal•• and there shall be no fire or windstonn insurance
placed on any of sa~d b~ildings, any intere3t therein w part thercof, ~r.less in ~he fonn and with ~he lou payable as a(oresaid; and in tF.e evenf any sum
of money becomes pe~able under such policy or pol;cies said MO4TGAGEE sh~ll have ~he opt~on to receive and apply the sa~ne on atcoun~ o( the indebted
nrss setured hireby or to permit said MORTGAGORS t0 ~eteive and use il o? any pt,N th~:+~of tor otn~•r pwF•:,srs, v.~thout ~h:~cor w~i+ing or ~mpair-
~ng any equ~ty, lien a r~ght unde~ or by virtue of Ihis mo:rgage; and in the event sa~d MORTGAGORS shall fo? any reason fa~l to keep the said premisrs so '
~neured, w fail to drGvec pranptly any of said pohc+es of insura~ce lo sald MORiGAGEE, o~ Fait promptly to pay fuily any pre~*~ium the~efor or in any
respect fail ro perform, d;scharge. execute, e(feu, co~np;ete, comply wi~h and ab~de by ~h~s <oven,~ro, or any part hareol, sa~d MORiGAGEE may place a~~d
pay for such insurance o~ any part thereof wnhour vrcaiving x affectiag any optio~, lien, equ~ty, or rigM ur~der o~ by virtue of th~s h!wtgage, and the
+u~l amov~t of each and e~•ery auch payment shalt be immcd~ately due and payable and sha~l bear inrerest from the date thereot wuil po~d at the rate ot
~~,e per trmum per annu~r, and to~eit~er with such inter~•s7 shait be seccred by Ihe I~en of lhis mortgage.
1. To permit, tommit w sufier no waste, unpairment or detarioration of soid propcrty or any part thereof.
5. To pay alt and singular the costs, charges and expenses, ~ndud~ng a reasonable attomey's fee and costs of abstrads of title, incwred or paid at
a~y ~ime by sa~d MORiGAG:E, because or ~n the event af the fa~wre on ~he par~ of ~he sa:d MORTGAGOR to duiy, promptfy and (ully perform, d~scharge,
.ecute, e1ieU, complrte, co:nply w~th and ab:Je by eath and every thr stipulat~ons, agreemenrs, tonditions, and covenants of said pranissoty note and this
•~rrgage any or e~ther, a::d sa.d cos~s, charges and expensea, each and every, ahall be immediately due and payabte; v~rhether or not there be ~otice de
~:.+nd, arrempt to coHect or sw? pend~ng; and rhe full amount of each and e~ery s~ch paymem shall bear int~rest from the date thereof umi~ paid at the
o~ n~ne p~~ centurn y_~r a~~~~u:n; and aU sa~d cosTS, cha~ges and exp•_nsei irxurred or F:aid, togetltier ~v~~h wth inserest, shall be secured by the lien of thii
mortgdg8.
6. That (a) in the event of any breach of this t.lortgage or default on the part of the P110RTGAGOR, or (b) in the event any of saEd sums of money
hrrein referred to be not promptly and fuNy pa~d wi~h~n th:rty ~30) days nexs asrer ihe same severa:ly become due and payable, without demand or notite,
-:cl in the evem each and every ~hv s~~pu~ations, ayreemems, cond~'~ens and covenants of sa:d promiawry note and th~s mortgage any or eithe? ar~ no1
promptly and f~ily per(ormed, d:sct,arg_d, eaecutad, e`.fecied, cor.•~pfeted, compl~ed w~th and abided by, then in eithet or any such event the said ag-
~ate sum mentioned in sa~d promissory note then remainir~g unpa;d, wi~h intere,t accrued, and aN moneys setured he~eby, shall become due and pay
ferthwith, or thereafte~, at the op!~on of y~;ci MORTGAGEE, as f~{iy a~:d comp!ete!y as ii all of thc said sums of money were or~ginally stipulated
...r pa~d on such d,:y, a~ythi~~g in sa,J prc•n:s:ury r.ote oi in ~his t.5o.-tgaga to the conrrary not.vrthstanding; and thereupon or fhereafter at the op~ion of
> .:"~URTGAGEE, wnhcul non~e or deinand, s~~t at law or in equity, therefc,.e ot Ihereafter begun, may be prosecuted as if all moneys secured hereby
i :.,,wred pnor fe ~ts institu!ion.
7. Tl~at in the event that et the beginn:ng ~~f or at a~y t~me penci~ny any suit vpon tL~s Mortgage, or to forecbse it, ot to reform it, or to enforte
e•it of any d,lms !:ereur.der, seid MORTGr+G_c sha~~ ~pply to tne Ce~rt hav~ng ~urisd~ctlo~ the~eof for the ap~ointmeM of e Receiver, such Court shall
•,,.:rt, ap~wir~t a re,e:ver of s3~c1 mv:tgage~ ~,roprrty alI and singu~ar, ir,dud ng aI! and s:..gular tt:e income, profits, issues and revenues from whatever
e ci~~rlved, exn a~d every of .vh:ch, it ~c~~:;y ~_rpress'y und~•ruued, ~s he:cby mortgaged as if specrfically set for~h and described in the grantinq and
:•~~Jum cia~ses her,•of, ar.d such Rece~ver sha?f he,e al! fhe broad and e~fecr~.e fv~.c o:~s a„d powers in anyw~se entrusted by a Cour1 to a Recriver, and
appointment shall be mad? by wch Court as an ad ~utred equrty and a~~~atrer of a~,soivre right te said MORTGAGEE, and witheut reference to the
wscy or inad~~quacy oi the vaiue cf the prcprrty rnortgaged or te the sovency or ~r..;,;vcncy of sa~d MORiGAGOR or the defendants, and that such
~s. profits, income, issves and reverues sha;: be appi~ed by such Recc;.er accord~ng to rhe tien or equity of said MORTGAGEE and ~he practice of such
_o.rt.
8. To du!y, prom~;i:y and f~Ily perform, d~s:harg>, exewte, effect, co~npiete, con:piy w:th and abide by each and every the stipu(ations, agreemems,
..r _ns and co~•:nants ~n sa~d prom;ssory nc'e a:~d th s mor,g~ge srt forth.
9. TFat in ihe evc v the o~~.~e.shiF~ of the mortgaged prem~ses, cr any part thcrecf, betomes vest~d in a person other than the MORTGAGOR, the
• , ri:AGEt, its succ~ss;:rs a~ui ass~c:r,s, :r.ay, w~~hcut notice to the NORTG:.OR, deo~ w~sh such svtcessor a s~ccessor in imerest with reference to this
~~aye a=:d tnc :l.ut t,err:br sewred in the same n;ar•ner a; with ;lortyagor w~tho~t in any way vitiating or dncha~ging the Mortgagori liability here~
+ r o~ uj.or. fh: d_bt hrreoy sccv~ed P.o so'e .f tl:e F•t~~~vsea hereby mcr~gaged and no forbearante on the part of the /JIORTGAGEE or its suttessors
a:~s an:! r~o exr~ns:on ot fne f~mr '.o• rhe `J@~T.£~~S of tre debt he~eby sec~red grven by Ihe MOR7GAGEE or its successors or assigns, a~~al1 opeeate
__ase, d~s~ha:ge, mod~~y change cr af(ect the c~iy~n~t tiao;,:~y of ~he N,ORSG.4GOR herein, either in whole or in part.
10. It is spec;{;ca;iy ag~red tha~ time is of the essence of this contract and that no waiver of ar.y obtigat~on hereunder w of the obligation sc E
__d hcreby shatt ar any time shereafter be heid to be a waiver of the !erms hereof or of the instrumeN secured herby.
11. in ed cn ro i!~c forego n~ rT,cnth'v N~y,~•,n~s oF p:~r.c pai and ~'~1ptf5• requ~red by the promissory no~e secured hereb~, murtgagar eovenants F
-.=.,rees to pay to r:ortg g•~e .c,rh each n on~F.'y r,3;~.,Pnt an ad,l ~iona! su~n est~ •.ated by mo:tgagee to be equal to l;`12 of !he annual cost of tbe follow- ~
~
A-Ali reaf property t3xa; ~r~ie:: or assessc:i a~~r~st th•~ a6~ve desc~i5ed r;al esrate.
E Pr~n,;:,•rs on 4~r~ cr:d w~r.ds~orm ~nsu~a~,ce 3s iiere~n r~-qu;rcd to bc carrled on the Emprovemeats s'~tuate on the above described prernises.
C--P~c:r,iu„~s on svch n:or'~=qe guaranty ir.sura~:ce as rno•tgagee shail f:cT rn:e to ti~ne deem fit to tarry on the loan secured hereby.
hlortg~are snau frcn~ +~~nr to t:~•,e nchfy mortyager in w•it.ng oi t~e a~r.o„~t dve and payable hereunder and such sum shall thereupon be due and ~
' 'r,.~ on the d~-r date oi rhe nc•xt •~~on!h y paymen! a:~d each s~ccess~ve month thereafrer urtil mortgagee shall notify mortgagor of a change in suth
I nt. Such svms s~ a:l he app!ied by rnc•r!gag ~e ~o:.a:d the payment of re3f propeny taxes, insurance prem;ums, and mortgage guaranty insurante ;
'...JTS.
f IN VJIT~JE55 :YNEREOf, the sa~d !1•OP.TGAGOR has hereunto set his hjnd and seaf the day ear first br id. _
~ ~ i ed, ted and detiver n presente oi: ~
6 - / L Sealy ~
~
~ ~ - - 1 A, a ~e ±
n' ~
{ `R csea~)
Valerie V. Harr s . ~~a~~
~ - - -
~
~ Of FLORIDA ~
St. Iucie u-
.:'1Ty OF - ~
Before me personally aP~PZ,ed Franklin A. Harris a~ .
~ _ Vfll@T~8 v. Aarris his wife, fo me ~rell known and known to me to be
~ ;~.d~viduals descri~Yd in and who executed the foregoi instrument, and acknowledge~ before me that they exewted the same fw the purposes
~•~"n expressed. Anti !he said Valer~6 V• Harris
~ , of the sa~d - F'2'8I1~CZ~Tl_ A. H82'I'~3 , upon a separate and private
• :,atron by me ~3KC'n separate and apart from her said husband, acknowledged to and before me that she executed said instrumem freeiy and votum
~ ~ and w~thout any compuision, constraint, apprehepns~o~or fear of or from her said husband.
~ WITNE55 my hand and offiual ser,l th~s __._L_-___.____ day of__~ APri1 A. 0. l9
~ ~
~ 6
Notary Pubti and ior the tate of Florida at lar~e
t: My Commi expires: li~ /9 73
Return To: .
` r:: st federaf Sa•.ings 3 Loan A;sociaLOn
F~ r
~ O` ~vrt,~ert_~•.
fcrt Pie~:e, Fi~„~;~'~
~ . f~~Eo ~w: KECuROEo
ST.lUC1E ;.~UNTY f1.A.
~ RO~E*~ TRAS
~ •~~t CLFRK Gi; ~s COURT
~ . ' pc'f`^pn VE~ {EQ
This Instrument Prepared By E. Braun - ~ ~ . : ; : :
F;rst Federal Savings & Loan Association ` As
~ of Fort Pierce ~ Florida E~, " ti~ = MfR ~0 il z2 PH
~ ~~~p~k~ By - ;~ti~;
~ ~ 305589 ~
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~ . , BOOK238 PACE1~Jv
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