HomeMy WebLinkAbout0231 J. To plac~ and cominuoualy te~p on th~ bv~lc;ings now w hereaftt? si~u~H o~ ~aid lu~d and a+ all pu~pm~n~ ~nd p~rson~lly cov~r~d by thl~ n?ortp~
sp~, with ~II pr~mivms ~hereon pa~d in futl, fire im~~~r+c~ ~n tFN usud ~~and~rd po~icy fum, in •~um ~ppro~~d by tM MOAtGAGEE, and wind~rorm
In~w~nc~ 1n ~h~ uiwl ~undard pol:cy form, in ~ wm approv~d by ~M MORTGAGEE, In iuch company ot companin ~s tl+~ MORTGAGEE ~nay ;~;r _
daKtJ Md all fir~ and windslorm inauranu policief on ~ny of ~aid builda+ps, ~ny inqrt~t thsr~i~ w part thtreol, ln 1M pq~~y+1~ ~um ~fp~faid a ~
in ~xc~ss tMr~of. shall conuin 1M v~wl ~landard mortqa~~ claus~ a~uth otl?K cl~us~ tM Mwtyapt~ may r~quu~, m+ki?q th~ toa und~a t~~d poli~ j
ci~s. e~ch and ~v~ry, paYabte to s~id MORTGAGEE as ~t~ i~te~e~~ m+y ~pp~ar, ~nd each and ~v~~y ~uch pol~cy ~halt b~ {uomptly ~s.yrad ~r+d d~livH~d ~o
~ny held by uid MORIGAGEE as tur~her iecurity ~o isid mo.~pape deb~, ~nd, not I~u tMn t~n (10) dsyt in advanc~ of tM tapir~lion of ~ach polity, to d~-
liw~ to said MORTGAGEE • r~.iewal thereof, to9e~Mr with a raceipl for tAe p~~mivm oi s~ch renew~l; and tFvr~ ~MII be no fir~ a windi~orm in~~~anc~
plac~d a? ~ny of uM build7n9a. ~ny interest therai~ ot pa~1 thtreof, unle~~ ln tFK iorm a~d with ~F~ lou payabl~ u a(or~saWt ~~d G+ ~h~ ~venf ~ny wm
of money becomes payab~e under such poliq or polici~s iaid MORTGAGEE shall havs th~ option lo rcceive end apply tM sam~ on ~cto•.xN of Ihe indebted~
neu iscur~d hereby u ro pe~mil t,aid MORTGAGORS to ret~iw ~nd uia it or •ny part thereof fa other purposet, wi~hout Ihareb/ waivi~~g w+mp~ir-
Inp My puity, lien or r~gh~ uodcr or by virtue of thi~ mortpa~e; and in ~he •venr iaid MORTGAGORS shall (w any r~ason f~il ro ke~p tM sa~d pr~mius w t
inw~ed. or f~ll to dtliver pramptly ~ny of said politiet of inwrante to said MORTGAGEE, a fail promptly Io pay fully ~ny pr~enium therefw or in ~ny i/i
nip~ct fail w p~rform, d~scMrgs, execv~~, ~(fect, complete, comply with srd ~bid~ by thia covenant, a~ny par~ ANwf, said N10RTGAGEE may plac~ +nd .
paY Iw iuch inwrante a~ny part tMereof withovf w~ivin~ or attectinp any optqn. I~ee~, equ~ty, w ngnr unoe~ w oy wrtw oi ~n~s i~w~ype. •nd i+x
full amount of each and ~very such payment shall be immediately dvs and payabl~ ~nd ihall b~+r interest irom Ihs dat~ th~reof ur?til p~id at tlw rat~ ot
nin~ psr centum pe~ +nnum and togrther with suth iMerest shall be securcd by tM lien of this mOrtyp~.
1. To pe~mit, commit w sufier oo wasts, impairmem a dete~ara?ion of said property o~ ~ny part 1Mr~of.
S. To pay ail ~nd s~nyular the cost~, cMryes and expenscs, includ~rp a reasonable attan~y i fee and costs of abitracts of titl~, ie+cu~r~d a paid ~t
any time by wid MORTGAGEE, because or in tAe ~vent of the failwe on ths pa~t of tM said MORTGAGOR to duty, promptly ud fully pKio~m, dixM~g~
execut~, efFect, compfete, compty with and ab:de by e~ch ~nd every Ihe stipulat~ons, sgreements, conditions, and cow~~nts of said promissory nott ~nd ~hN
mortgape any w either. and sa~d cosri. cMrges and expenset. each and ~very, sMll be immediately dw and payabt~: wMtMr w not ther~ be notiu dr
msnd, attempt 1o tollect w suii pcndir?~; snd the full amount of sach and every svth paymenl ~MII bear interest from the date fhereof until p~id tl the
rate of nine per centum per an~,um; and all said costs, charfles and expenses incv~rad or paid, logether -w~th suth int~re~t, sMll be s~cured by ths lisn of ti?i~
mwtpayt.
6. That (a) in the eve~+t of any bresch of this Mwtgag~ w defaul~ on tF+~ paN of the MORTGAGOR, a(b) in the svent ~ny o~ u~d sums of money
herein r~ferrd to bs no1 pranptly and fully paid within th~rty (30) days next afler the aame severally becoms due and payabl~, without dtmand w notke,
or (cj (n the event each and evsry ~he atipvlations, egreements, co~d~tions and covensnta of said promissory note ~nd thi• mwtysy~ any a titht~ art nol
~uly, promptly and ful{y perfw~ned, d~uharged, executed, effected, completed, compl~cd with and sbided ~y, then in eithar w any such wem tM s+id ao-
gregste sum mentioncd in said promisswy note then remaining unpaid, with inlcrest xcrued, and all moneyi setured hereby, sMII betomt dw ~nd psy~
able forthwith, a ~hereairer, at ~he op~~on of sa~d MORTGAGEE, as fully and comple+ely as ii •II of tl+e ~aid wms of money were orpin~tly st~pulaied
to be paid on suth d~y, anything in sa:d promiuay ~ote or in this Mortgage to the contrary notwithstandinp; and tF~e~eupon or the~e~fla~ +t tM option o(
sa~d MORTGAGEE, without notice or demand, wit af law w in puity, therefwe w thercaf~er beguA, may be prosecuted ~s if sll rraneys secund hersby
had matured p~~w to i1s institutwn.
7. That in the event that at the begin~ing of or at any time pending any su~t upon this lNo.tgage, u to fueclose it, w to rafwm i1, or to e~fwu
payment of any claims hereunder, said MORTGAGEE shall apply 1o the Cou.t having junsd~ction thcreof for tl?e appointment of ~ Receive~, suth Court shall
forthwith appoint a recciva of said mortgaged property all end tiingula?, includ~++g aN and si~gul~r ths incwn~, proiib, iuws and revenues irom whatev~r
source derived, each and evcry ot whrch, it being expressly unders~ood, is hereby morigegcd as if specilically ut fwth •nd deuribed in the yrantiny ~nd
habendvm clsuxs hereof, and such Receiver shail have all the kxoad and efiective func~~ons and powers in anywise entrusted by • Court to • Receiver, and
s~ch appointment shall be made by such Cou~t as an admitted equity and a matter of absolute right to said MORiGAGEE, ~nd without teiere~te to tM
adeqvacy or insdequacy of the value of the property mo~~gaged or to the sotvency w ensofvency o( said MOR7GAGOR p the defendants, snd that such
renrs, profits, income, issues and revenue~ shall be applied by such Receiver xcwd~ny to the lien or equity of said MORTGAGEE and the practiu of such
cw,n. . ~
8. To duly, promptfy and fvlly perform, dscharge, execute, eifect, complete, comply with ~nd abide by each and every the itipulations, iyreements,
conditions and coveeants in sa~d promiuwy note aru! th~s mortgsg~ set forth_
9. That in tM event the ownenhip of the mortgsged prem~ses, o~ a~y part thereof, becoma vested in ~ perwn other than tM MORTGAGOR, tFii
MORTGAGEE. its s~ccessors and ass~gns, may, without noi;ce to fha IIM1ORTGAOR, deal with such successor a successor in interest with re(erence to ti?is
mortgsge and the deb~ I~ereby xcured in fhe same manner as with Nbrtgagor without in sny way vitiating w diuharging rhe Mor~qagors' li~bility her~-
unde. w upon the debt hereby secwed. No sate of the premiu~ he.eby mortgsged end r+o fwbearerxe on the part of the MORTGAGEE or itt succeswn
o. ~ssigns and no eatens~on of the time for tF~e payment of the deb+ hereby securcd yiven by the MORTGAGEE or its ~uccessws w assiyns, shall operate
to rNease, d~scharge, modify change or affect the original liab:lity of the MORiGAGOR herein, e+ther in whok d in part.
10. I? is speufica~ly agreed that time is of the esunce of this contract and that no waiver of any obligation hereurxler a of tM obliyation te-
cured hereby shell at any time thereafter be held to be s waiver of the terms hercof d of the instrumeM secured herby_
11. In add~~~on to the fwego ng momh!y paymrnrs of p~inc pal ar.d interest required by the prom~ssory note secured hereby, mortg~gor covensnts
and agrees to pay to mo:tgagee ,ti~~h each mon~h~y payrnent an add~nonal sum est~mated by mortgagee to be equal to 1/ 12 of the annual cost of ihe follow-
ing:
A-All real property taxes lev~ed or assessed a9a]nst the above descr~5ed real estate.
li B-Premi~ms on fire and windstorm insurance as herei++ requ~re~ to be cdrried on the improvements situate on the ~bove described premises.
; C-Premiums on wch nwrtgage guaranty insvro„ce as ~no~tgagee sha{~ (rom ti~ne to Iime deem (it Io urry on Ihe loan secwed hersby.
! Mortgagee shall from time ro time no~i!y mortgagor ~n writing of the amount doe and pay~ble hereunder and svch sum shall therevpon be due and
~ Fayable on the due dnte of the ne~t monthEy payment and eath succes~ive month therea~ter-ur.ti! mortgagee shsll notify mortgagor of a chanp~ in such
~ amouat. Such s~ms aFaii be applied by mortgagee toward the payment of reat property taxes, insurance prem.ums, and mortgage guaranty insurant~
premiums.
~ IN WITNESS 1VHEREOF, rhe w~d MORTGAGOR has hereunto xt his hand and seal the day and year first ~foresaid.
` Signed. Sealed and delivercd in the presence of: e~^ s
` ,~'~l/Y!_t~ `7 . ' /t~ i~- ?~~til~s ? ~ 1m~?t . A 1 ~
~ t ..utt tOtM ~ •4
I " " ~ , ~x.a.~ AF~p." ;tc~~;fD~'~ . anc i r is n
~ , ~ ~SeaD
. W ~
~ SiATE OF FLORI A f 2
couNrr oF St . Luc ie
aefo.~ ~ personally appeared T im~t F y R, Ha r r i s and ~
~?~i1C 1 Ci .~{A YZ 15 his wife, to me well known ~nd know~ to me to bs -
the individwb desuibed in and who executed the foregoing instrument, ~nd acknowledged befwe me that they executed the wme fa ths purpose~
therei~ expressed. And the •aid_ ~ai1C 1 Ci. Ha rr is
~ wife of tM said Timethy R. Hc1Lr 15 vpon • sepu~le ~nd pr'rv~t~
examination by me taken separate and apart from her said husbsnd, scknowledged to and bcfore me ihat ahe executed said insirume~t freely ~nd volur?-
~ rarily and without any tomFvls~on, constraint, apprehension, or fear of w from her said hu~band.
~ WITNESS my hand and officfal seal thi~_~Q~_ day of J~e A D. 19 76
~
~ C-
» Notary Publi n• for the Stat~ of F{orida ~t luQ~ ;
~ My Comm~ e pires:
Retutn To:
~ First Ftdtral Savings 3 Loan Association Notary Pvb~ic, Stat~ af Hor~ M la?~
~ Of Fort P.e.ce. M~t Canmiss~on E~+~s J Z'!. 1l17
~d bf~+w~~??;~ a ca~~o~ co.
~ fort Pierce. Florida ' ~ , . • ; . _
~ ~~N:nR:i1%7'~ "~l' :
Sr~. ~'4'/!rj~~.
~ . , ~ (r~`~ ;:.....,;~v`,~ ~
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~ This Instrument Prepared By Gary F. E11K~~~1 .l p:.'•.-.i~~
~ First Federal Savings 8 loan Association ';-~i ~ r:>~t:;''' . .
~ _ .
of Fort Pierce, Flc+rid~ `t `-1:~ t-:
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