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HomeMy WebLinkAbout2007 ~ i ~ ~ i 3. To plac~ and contiewously k~ep on the buUdir?p~ now w h~r~after siwat~ on said I~nd and on all equipment ~nd p~?sonally coverad by this mo.t~ I ~p~. with ~i) premivms lherwn paid in full, fin insu~~nt~ in the usual itindard poticy fwm, i~ a:~m approved by the MORTGAGEE, and windstorm ~ inw?anc~ tn tl+~ uswl sandard policy fam, in a wm +pprovad by tM MORTGAGEE, in wch compsny w tomp+nies u the MORTGAGEE m+y dindt and all fin and windslorm ins~~ance policies on u+y of said build~nps. ~ny intereu therein or p~rt thereof, in tM +~9rey~t~ wm ~faesaid or In ~xnss therw/, ahsll conuin the i?swl itandard mutgag~e claus~ or s~ch o~her claus~ as ~F+~ Mo?t~~e~ may ~squln. m~kina tM toss unda+ sa~d pol4 ciea, t+th ~nd ev~ryr, payabk to s~id MORTGAGEE u its interest m~y appear. and eacl~ and every such policy thail bs {uompNy au:~ned a~+d dslivered to ~ny MW by said AAOitTGAGEE ~s funher security ro said matyage debt, and, not less than te~ (10) days in advance of the expiration of each policy, to dr IivN fo said MORTGAGEE • rtnewal thereof, Iogethe~ with a raceipt ior ths prsmiuin of svch renewal; and thare shall be ra fire or windstorm ins~rancs plaad on any of ssid buildinps, ~ny interest thereie w put thereof, ~nless in the form ~nd with tM loss paYable as afwesaid; ~nd in the ~vent any sum of moeNy befana payabt~ vnd~ such policy a policies said MORTGAGEE shall have the optton ro ~eceive and apply the same on acco~nl ot the indebted- Mq secw~d h~nby q fo permit said MORTGAGORS to receivs snd us~ it ot any pa.t thereof for other purposes, without thereb~ waiving o~ ~mpair- inp any puify, li~ei or ri9ht under w by virtue of this mortga~e; u~d in the event said MORTGAGORS shall for any reason fsil ro keep the said premises so inwred, p fai) b deliva promptly ~~Y of said policies o( insursnee to said MORTGAGEE, or fail promptly to pay fully sny prcmium the~efor p in any r~tpacf fail b ptrfwrn, discharge, execvte, ~ffect, complete, comply with ~nd abid~ by this tove~ant, a any part hereof, said MORTGAGEE m~y pl~ce and paY for suth inwranc~ o? any pan thsreof without w~ivinp or ~ffectinp ~ny opf'wn, lien, eqvity. w right under w by virtw of this Mortgag~, and the tull amounl of ~ach ard ~v~ry svch payment ihall be immediately dw and payable and ihall bear interest from the date thcreof until paid at th~ ~at~ oi nins pK centum pa ~nnum and together with such interest shall be sntured by the lien of this mortgage. 4. To ptrmit, commit a wffa no wute, impa'ument w detaaratan of said property o? ~ny part thereof. S. To pay ~11 snd sinpulu the cosh, cha?ges snd expenses, includiny a reasonable morney's fee and costs of abitracts of titls, incvrred w paid any tur+e by said 11AORTGAGEE, because a in the event of the failwe on the pa?t of the said MORTGAGOR to duly, promptly and fully perform, diuhargR sxecuts, effep, complet~, comply w~th and ab~de br each and every ~he stipula~~ons, agreements, conditions, and covenants oi u~d promissory note and ~his mortgaye any w ei?he~. snd sa~d cosb, cF?ugea ~nd expenses, c~ch and every, shall be immediately due and payable: whether w not tFxre be notice de~ mand, ~»empt to collett or wit peoding; and the full amouM of tath and every~ sutA payment shall bcar interest from Ihe date tF+treof unril p~id at the ~ rate of nine per centum per uuwm; and all said costs, chargq and expcnses inturred a paid, together w~th suth interest, shall be secured by the litn of thii morfyap~. 6. TfNt (s) in the ev~nt of ae~y breach of this M«tgsge w default on the part of the MORTGAGOR, w(b) in the event any of said swms of money herein refared to bs not promptly and fvlly paid within thirty (30) days next aiter the same uveratly become due and payabte, without demand a notice. or in 1M event eacl+ and every the stipulations, agreements, conditions and covenants of sa~d promiuory note and th~s mortgage any w either are not iuly, promptly and fully perfamed, dixharged, exec~fed, effected, completed, complied wi~h and abided by, then in either or a~y ivch event th~ said a¢ gregate wm rrKM'aned in said promiuory note then remaining unpaid, with interest accrued, and all moneys setured hereb~, shall betome due and pay- abk fwthwith, a thereafter, at the option of said MORTGAGEE, as fully and completely as ii all of the said sums of money were aiginally stipulstcd ro be paid on s~ch day, anything in said prom~uory note or in this Mortgage to the contrary notwithstanding; ar+d thereupon or thereafter at the op~~on of said MORTGAGEE, without notite or demand, suit at law w in equity, there~we or thercaftcr begun, may be prosecuted as if all moneys setured hereby hsd matured pnw to its institution. 7. That iri the event thst at the begiru?ing of or at any time pe~ding any suit upon this Mortgage, or to foreclose it, or to rcform it, a to enfores payment of sny claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereo( (or the appo~ntment of a Receiver, wch Court sh~ll Eathwith appoint a reteiver of ssid m~tgaged property all and singular, includ~ng all and singular the income, prol~ts, iuues and revenues from whatever source derived, eath and evcry of whith, it being expreuly understood, is hereby mor?gaged as if spetifiwlly set fwth and described in the yraMing and habendum cla~ses he~eof, and such Receiver shall have aU the b~oad and effective funct~ons and powers in anywise entrusted by a~ou~t to a Rccriver, and i such sppoiotment shall be made by such Court as a~ admitted equiry and s matter of absolute right to said MORTGAGEE, and without reference to the adequacy w i~adeqvacy of the v~lue of the property mwtgaged or to the soivency oi in:olvency of said MORTGAGOR d the defendants, and that such rents, profits, income, issues and revenues shall be applied by svch Receiver according to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To dvly, prompHy snd fully perform, d~scharge, e:ecute, effed, mmplete, comply with snd ab~de by each and every the st~pulatioru, agreements, conditions u~d cove~+ants in said promissory note and this mortgage set fath. 9. That in the event the ownership of the mortgaged premises, a any part thereof, becomes vested in • person other than the MORTGAGOR, the MORTGAGEE, ib suctessors snd suigns, msy, without notice to the MORTGAOR, deal with such successor a succesaor in i~terest with refcre~ce to this mortysge and the debt hereby secured io the same manner as with Mo.tgagor w~thout in any way vitiating or diuharging tF+e Mortgagon' liability here- unde~ a upon the debt Fureby secured. No sale of the premius hereby mo.tgaged and no forbearance on the part of the iNORTGAGEE w its successon ~ or euigns and no extension of the time f« the payment of tne debt hercby secvred given by the MORTGAGE~ or its successors w au~gns, shall operate to releaae, distharpe, nwdify thange or affect the original liab~l~ty of the 1NORTGAGOR herein, either in whoie or in part. ~ 10. If is spec~ficatly agreed that time is of the euence of this contrad and that no waiver of any obligat~on hereunekr w oi the obligation se- cvred hereby shali at any time thereafter be held to be a waiver of the terms hereof a of the instrument sec~red herby. 11. In addition fo the forego:ng monthly payments of princ'pal and interest required by the promissory note secured hereby, mortgagor tovenants ~ and ~grees to pay to mortgagee with each monthly payment an add~rionsl sum estimated by mortgagee to be eqval to 1 j 12 of the annual tost of the follow- in9a A-All real property taxes levied or assessed against the above described real esiafe. B-Premiums on fire ard windstorm insurance as he~e~n ~equ~red to be carried on the improvemen!s situate on the above desvibed premises. C-Premiums on such mwtgage guaranty insurance as mo~tgagee shall from time to time deem fit to carry on the loan secured hereby. , Mortgagce shall from time to time notify mortgagor in writing of the amount due and payable hereundr? and such sum shall thereupon be due and t payabk on the due date of the next monthly payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a change in such j amount. Such sums sha31 be applied by rtswtgagee toward the payment of real property taxes, insurance prem:vms, and mwtgage guaranty insursnce j ~ premiwnt. - ~ IN WITNE55 WHEREOf, the ssid MORTGAGOR has herevnto set his hand and seal the day and ye first atwe ' ~ Sealed and ti in the p?esence of: r - ~ a4 ~ .n ~ •n , •n ~ STATE OF RORiOA ST . LUC IB ~ couNn oF ~ b~fa~ me p~rsonally apptared Sidtl@1 F. Ha~Z s.1Z • and Mary L. Hsir ' his wife, to me well kr?own and krawn to me to b~ th~ ind~vidwb dexribed in Md who executed the f~~ng instrument and acknowledped before me thst they exec~ted the same for tt+~ purposes L. Ha~r tF~e?ein .xp.essed. Md rhe said wif~ of t!» ~aid Si1~1361 R. Ha~! ~.JZ. , upon a sepa.~t~ ~~d priv~t~ e,um~nation by me tsksn separate and apart from her uid hvsband, scicrwwledged to ~nd before m~ that ihe execured said instrvment freely arid voluo- rsrily and withovt any compulsion, constraint, appre s;on, a feu of a from her said husbsnd. ~ WITNESS my hand and official seal thi day of ~uly , A. D. 19_4~ x . ~ ~ Y-~-C~.~~~ ` Noury PuWic in and tor tM Stat~ of florida ~t larps ~ ? My r.Oft11111lf~Ofl lXafli: ~ ~ ~ Retum io: ,.~+c,ttu.~,.~ - ~ Fint F~dsral S~vinps i lwn Assoc~at~on v~ s~ d~~~ ~~M ~ ~ ~ . Of Fort P~erca ~ ~ ~ 23. Fort Pie~ce. Fbrida ~ ~r /~s«:w Fw l C«.rh G. ~ ' F+LED aND RECORDED = a;~ ~ = j.: - ST. IUCiE COU`:TY. F ~ " . ~ ` ~ ~t~ : :c ;r y~ ~ ?LA. ; This Instrument Prepared By Johtf W. Coll"3bs'~. c,~~ ~ " ~J = _ ` 1$a~~ ~ ' First Federal Savings ~ Loan Association ~ ''L • ~ ~ ,69 ,~~~t ~ ~ _ • of Fort Pierce Rlotid~ ~/1, • ~ 0 ~ 9. Sl ~ Checked By L~ . ' ~ • j' . ~ ~?C~~~ ~ ~i1~~? ~ 0'Tr"t :S Cl_ERK CIRCUIT COURT ~ ~ °aoox~.~ Pac~2~ ~ ~N > ? . ' . ~ r ~z-~~~ ~s=~.._ - ~ ~~~~'.~~a