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Home My WebLink About0402 : To plac~ and conti~wavsly keep on the buildinps now a MreaftK sitwq on iaid lu~d ~nd on all eqelpm~~t u+d p~non~lly covK~d by this mon¢ p~, wilh ~11 premiurtd IMr~on paid in fu14 fir~ insursna in Ihs ususl st~ndard polity fwm, ~n • ium app~oved by tM MOR~GAGEE. ~nd wie~to~m inswanc~ in 1M uswl trandard pol~ty iwm, in a swn approv~d by tM MORTGAGEE, i~ such tompany o? companies ~s IM MORTGAGEE may dinct~ and all fG~ ~~d w~n~brorm iiuuranu policiei on +ny of said bui?dinpt, ~ny 1nMrest thertio o? p~rt thtrwf, in tiw ~~e9a~ wn+ afa~said a In ~xuss th~rwf, ~hall cuntai~ tM utwl sta~dxd mortq~N clsus~ a such other cl~us~ u ~M Mortpa~e may rpv'u~. makinp th~ lou undK said pol} ci~s, tach and wery. paYabl~ to iai` MORTGAGEE as ~ts interost may ~ppNr, and each and ~ve~y t~ch poliq sMll be promptly ~u:yned u~d dtlivKed fo ~ny Mld by s+id MORiGAGEE u iurtha secu~ity to uid mwt~a~ deW, aod, ~wt les~ tF?~e tee~ (10) days in ~dvsnc~ of tM ~xpiration of esch policy, to de~ ~ I~vN ~o said NIORTGAGEE a nnew~l tlxreof, ~oye~hu wi~h • receip~ for the p?emiwn of ~uch ~enewalr u~d ~hen sh~ll b~ no fi~e or wind~~am inwranc~ plaqd on ~~y of said buildi~gs, any inferesf tlw~in or p~rt tMroof, unku in th~ forni ~nd with tM loss p~y~bl~ as ~for~s~id: and in tM ~ve~t any ~um of ma»y bec~ome~ pay+bl~ w!d~r iucfi P~licy or policies said MORTGAGEE shall haw tM option to reosive 'a~d apply tM sarrN on ~ccow?t of tM ind~b~ed~ n.u acvnd h..~by o? ro permif s+~d MORTGAGORS ro nc.iw u+d uie it w+ny put thereof fw o~hc~ purposes, wi~hour ~h-reb~ waivi~g a~n+pair- ' irg any pvity, IiM or riyht w~der or bp virtw of tlw mort9spe: and in t}?t ~vent aid MORTCsAGORS thall fa ~~y reaion fail to keep the iaid p?~mises so insured, ot f~il 1o dtliver prornptly sny of said polities of irounnt~ to said MORTGAGEE, or fsil prompNy to pay fully any premivm tlxrofor w in ~ny respect fail to pKfocny dischu~, execut~, ~ffect, complst~, comply with and ~bid~ by this covenant, a ~ny pa~t Mreof, said MORTGAGEE may pl~c~ and pay fw uxh inwru~c~ w a~y put the?sof wi~hout w~hriep w aff~cYug any option, li~n, puity, a riph? vnde~ a by virtw of ihii Mat~ape, and ths full aeno~nt of eacA ~nd ev~ry wch paymsnt ~hall b~ imm~diat~ly dw and p~yabl~ and tlull bear int~reit from tM dat~ the~wf u~til paid ~1 tia rat~ of nirw p~r cenwm pM annum ~nd togetlx? witA such ieuerest ahall b~ sec~red by tM li~n of this mortga~. 1. To pKmit, commit a iuffsr no wut~, imp~'ument or deter'aration of aid prope~ty o? ~ny pah theraof. 5. To p~y sll ~nd slnpular tMaosts, charpes and expenses, includinp a ressoeable strorney's fee and costs of ~bstrscts of title, incurred a paid at ~ny tims by said MORTGAGEE, becaus! w i~ the ev~r?t of the failwe on the p+n of tM s~id MORTGAGOR to d~fy, promptly and fully perform, d~xhargR execut~. efftct. oompl~te. comply w~th and abide by each and every the stipubtions. ~greementi, conditiora, and eovenann of s+id p~omissory nots and ~hu mortyap~ ~ny w euha. and sa~d toits, chupes and ~xperres, each and every. sMll b~ immedistely due +nd payable: whe?her w not thers be notice ds mand, ~tt~mp~ to colkct w wit pe~+dn9: ~nd the full amouM of each and every wch payment shatl bear interes~ from the date thereof until paid at the rate of ni~e pe~ centum per annum; u~d all s+id cdsts, cMrges and expenses incurred a paid, IogetMr with such inter~st, ihall b~ setured by th~ li~n of tFw mort~. a. That in ths eve~t of ~ny breach of this Monya~ or def~ult on the p+~t of the MORTGAGOR, a(b) in tM event any of satd sums of money hertin nftrred to bs not promptly ~nd fully paid within thirty (30) dsys next after the same sevcrally become due and payaWe, without demsnd or notice, or W in th~ ewnt each and we~y tM uipvlatlons, sgreemenn, c«d7tions ~nd tovernnts of sa7d promissory note ~nd tha mwtgs~e any a e~ther ~r~ no1 iuly. pornptly and futly perfwmed, dixhu9ed. ~xecuted. eifected. completed, compl~ed w~th and ab~ded Sy, then in either a ~ny s~ch ewnt 1M iaid a~ pre¢~b sum meMioned in aid ptomiuwy nWe then ranaining unpaid, with interest stuved. and all moneys setured hereby. sMl) betom~ dw and pay- abk iwthwith, a thereafte~, at the option of said IN.7RTGAGEE, ~s fully a~d completely ~s if all of fhe said wms of money were aginally stipvlsted ro be paid on such day. ~nything in said promiuory eote w in this Mwtgage ro the connary notwirhstandinp; a~d thereupon w theres(te~ at the option ot said MORTGAGEE, without ~otice or dem+nd, suit ~t b~v w in pvity, tlkrefwe p thNeaher begun, may be prosecuted as if all rt~oneyt sec~red hereby had m+rwed prwr lo its irntitution. 7. Thst in the event that st the begi~ning of w ~t sny time pendkg ~oy su~t upon this Mortg~ge, or to fo.ecbu it, or to refwm it, o~ fo e~force payment of aey cl~ims haeu++dN, said MORTGAGEE shall apply to the Govh I+~ving jurisd~a~on thereoi tor the appo~ntment of • Recei~'e~, suth Court shal) Fortiiwith sppoint s receiver of said mortgaged propcrty aIl and sirgul~r, includ~ng all and singulsr the income, profitt, iuues and revenues from whatevsr wuroe derived, eath and evtry of which, it beirg expressly understond, is hereby mwtgsged ~s if specifically set fath and dewibed in the yraming snd hsbendwn cla~ses hereof, u+d such Receiver shatl have all the broad and ef(ettive funct~ons and powers in anywise enlrusted by a Court to s Receiwr, and wch appointment ahall be made by wch Co~rt as an sdrirted equity and a mafre~ of absolute right to said MORTGAGEE, and withouf re(ererxe to ths adeqv~ty w inadeqwcy of the wlue of She prope~ty matgaged w to the solve~cy o? insolvency of said MORiGAGOR a the defendants, sr~d that such rents, profits, incane, iswes +od revenues shsll be applied by such Receiver accord~ny to the lien w equity of taid MORTGAGEE a~d the prutice of sucl~ Courf. ~ 8. To duly, promptly +nd fully perfwm, dixhs?ge, e:ecute, effeU, mmplcte, comply with and abide by each ~nd wery the stipulations, ayreement:, ~ conditions and covcnants in said promiuory note and thw rtwrtgsge sN tath. 9. ihat in the eveM the owne+ahip of the matgsyed pre+nises, or any pan the~eof, becomes vested in a perwn other than the MORTGAGOR, ihe MORTGAGEE, its sucusson ~nd assigns, rrNy, wi?hout ratice to the MORTGAOR, deal wi~h such successw w succrssor in interest with reference to this morfg~ge ~nd the debt hereby setured in the same manner as wi?h Mortgagor without in any way vitiating w d~xharging the Mortysgors' liability he?e- unde~ or vpon the debt hereby secured. No s~le of the premius hereby mortgaged snd no forbears~ce on the p+N of tF+e MORTGAGEE w it~ si+ccessas or suigro ~nd no extension of the Yune fw tF~e p~ymem of the deb~ hereby secured piven by the MORTGAGEE w its successow or ass:yro, shall opera~e ro relaase, dixMrpe, rnodify thange or affecf the wiginal liability of tAe MORTGAGOR he?ein, either in whole or in part. 10. It is specifically sgreed thst time is of the pxnce of this contract and tMt no wsiver of any obligat~on hereunder or of the oblg+tion se- a,red hereby shall ~t any time thereafter be held to be s waiver of the terms hereof or of the instrumeM secured Ix?by. 11. In add~tion to the fwego:ng monthly payments of prin~ pDl and inrerost ~equered by the prom~uory nore secured hereby, mortgagor covenants and agrees to piy to mortgagee with each mo~thly payment an add~~ional sum estimsted by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: _ A-All real properfy taxes levied w aasessed against the above described real estate. f , d-Premiums on fire and wiodstorm insu~ance as herein reqv:red lo be urried on the improvemeats situate on the above dewibed ptemiies. ~ C-Premiums on sqth mortgsge gwranty insurar,ce as mortgagee shall from t~me ro time deem fit ro urry oa the loan secured hereby. ! Mwtgagee shall from time to ttme ~otiiy mwtgagor in writing of the amoum due and psyable hereunder and such wm shall thereupon be due and paysble on the due date of the next monthly payment and exh succe:sive month theresfter urtil mortgagee shall ~ot~fy rnortgagor of a change in such ~ amount. Suth sums shall be applied by mortgagee toward the paymeM of real properry ta:es, insurance prem:ums, ~nd mortgsye guaranty inwrarxe j premivms. ( IN WITNE WHEREOF, the taid MORTGAGOR Ms hereumo srt his hand and seal the dey and ye sf aforessid. ` f S~p d~~li i t e pr ence of: ~ ~ f ~ n ~ n ~ n ; ~ ` , ATE OF FLORIDA ~ St. Lucie u- cournr-s~ ~ ~~~iy Jame s H. Ho~an Ellen L. HOg8T1 his wife, to me weN known •r,d known ro me to be the individwls described in and. who executed the fwegang instrument, and acknowtedged before me that they executed the same for the pwposes ~ ,n~«;,, ~,~.~d. ,4,d r?~ N;,, Ellen L. Hc~an ~ ,,,;~e o} t~ ~d James H. Hogan , ~pon • sep~rate and priv~t~ e:amiast~on by me taken separate snd apart from !xr said husband, acknowtedged to and befwe me that she executed s~id insrrumsnt:{reety and volwr rarily u~d witF+ovt arqr compulsion, constraint, apprehens' w fear of or from f~tr ' hvibsnd. tr I ~ WITNE55 my h~nd and offici~l seal thi: 2~`~~+ day of Februe "'A;b: •19 b~ . , _ f~ ~ ary Public in and iw ihe S~i{~;BF ~ir~ d Larp~ ~ My Comm~ssion ~xpires: ~ ' . ; ` _ ~ RetJm?a. r"'~,,~. ~ ~ C~ • J = ~ Fint Federal Savings 3 losn Assotiation ' • • ~ ~ . • = i • ~~'J . ~ ~ of Fa~ P~~.«. p RECORDED ~ ~ F~a;a~ F1LED AN a OOK . ;ti. ~ = Fon vc~«, ~ ~ • ~ J ~ IN_ Nornmr ~uC. SrAtE a~ F[oa+ol~+~~~"~,~ ~ MY COMMISS~O EXPIRES APR• ~4:~ ~ - . , ~ ~~~~/~9 I ~ , ~ • . 'fi6 t~bR ~ ip~3~b~ ' ~ ::1~. . , 4 ~ - j - ~ - OG~R F'JI~it1~5. CLERK ~ . R T UCIE COUNTY. ~ ~ . . , S ~~LORIOA ~ ~ _ ' ~ - i ~ ~ ~ ~ . ~ ~ , ~ , _ J ~ ~ a~oK 139 399 , ~ ~ ' _ _ _ . - ~ ~:W r ; :f - , ~ Y ~ t~~~ - - - e_ wF . f..