HomeMy WebLinkAbout0827 3. To place and continuously kcep on lhe bui!ding~ now or hereaftu situate on eaid land and on all equipment and perta+alty covered by this mort~
ege, with all prem~umi ~herew~ pa~d in full, fire insursnce in the usual s~andard potity iorm, in a sum approved by ~Ix MORTGAGEE, and windstam
insurance in the usual standard pol~cy torm, in • sum ~pproved by the MORTGAGEE, in s~ch company or compan;es as the MORIGAGEE may
dfrect; and all fire and w~ndstorm insurante poticies on any of sa~d buiid~r+gs, sny interest therein or parf thereof, Fn the aggrcgate ~um afwesaid or
in excess thc~eof, shaU con?a'en the usual standsrd mortgagee clause or such o~her clause as the Mat9agee may requ~re, ma?ing ihe loss unda ~a~d poli-
ues, each and every, payable to ~aid MORTGAGEE as its interest may appea~, and each and every such poticy shalt be prompily a~s.gned a~~d dellvercd to
any held by said MORfGAGEF as turtAer security to sa~d mortgaqe debt, and, rrot Iess than ten (10) days in advance of ~he expiration of each policy, to da
liver to said MORTGAGEE a renewal thereof, together with a reteipt for the premium of such renewal; and thcre shall be no f~re or winds~o~m insurance •
placed oe~ a~y of said build~ngs, any interest therein w part thereof, untess in ~he ~orm and wirh the loss payable as aforesaid; and in the event a~y sum
of money becane~ payable under such policy p policies said MORTGAGEE ahall have the option t~ ~Keive and apply the unx on account of the irxiebted- ,
~ess secured Mereby a to pe~mil said MORTGACsORS to ~eceive and use i1 or a~y pait the:eof for otner purpoarz, ~v~~ho~t th_n u~ waivLi3 ur unpdir-
~~g any equity, lien a right under or by virt~e of this mo: tgage; and in the event said MORTGAGORS shalt fw any ~eason fail to keep th~ said premises so
insured, or fail to deliver promptly sny of said policies of insu~ance to said MORTGAGEE, or fail prompsly to pay fully any premium therefor w in any
respect fai) fo periorm, discharge, execute, effed, complete, comply with and ab~de by this covenant, a any par~ hereof, said MGRTGAGEE may plate snd
pay fo~ such in~urance or any pa?t thereof without waiving w iffecting any option, Iien, equity, a right under or by virlue o) this Mortgags, and ths
ful~ amounl o( each and every such payment shsll ba immediately due and payabk end shafl 6ear interes? irom the da~e thereof unril paid at the rate oi
n~ne par centum per annum and to~ethe~ with such i~te?est shall be secured by the licn of this mortgage.
1. io permi?, c~mmit a suffer no waste, impai~ment or deterioration of said property or any parl thereof.
S. To pay ~II and singular the coats, cMrges s~d expe~ses, inctuding a reasonable attorney i(ee and costs of abstracts of title, incurred or paid st
any time by said MORTGAGfE, becau:e or in the event of the fa~ture on the pa~t of the said MORTGAGOR to duty, promptly and fully p~vfam, d+xharge,
execute, ef(ect, compfete, comply w~th and ab:de by ench and every the stipulanons, agreemenf:, condit~ons, and covenants oi sa~d promissory note and this
mwtgage any or ei~her, and sa~d costs, chsrges and expe~us, each and every, shall be immediately due and payabfr; whether w not thera be notice da
mand, attempt to co!Iett or suit pending; and the fufl amo~nt of each and e~ery such payment shall bea. in~erest from the date thereof until paid at the
rar~ of nine per ce~tum per a~num; an~ all said costs, thargea and expenses incurred a paid, together w~th such irtteresl, shall be secur¢d by 1Fe lien of th~s
mwtgage.
6. That (a) in the event of any breac~, of this Mortgage or default on the part of the MORIGAGOR, w(b) in the event any of said sums of money
herein referred to be no1 promptly and ful:i paid wi~hin th~rty (30) days next after the same severally become due and payable, withaut demaod or not~ce,
or (c) in the even~ each and every ?he stipu~ahons, sgreements, cor:ditions and covenants of sa~d promissory note and th~s mortgage any w e+rher ara nW
~uty, promptly and fully pe~lorrrKd, d~scharged, execufed, eftected, completed, complied wiih and ab~ded Sy, then in either or any such event the said a¢
gregate x:m me~tioned in said promiuory note the~ remainirg unpa~d, with interest accrued, a~d all mo~ys secured hereby, shall become due and pay-
able forthwith, or thereafter, at ~he op~~on of sa~d MORTGAGfE, as fuNy and complete:y as ii aU of ~he said sums o( money were originally s~ipu~ated
to be paid on svth d~y, anything in sa~d prom~sswy note or in this Mwlgage to the contrary notwithstanding; and thereupon or Ihereafter at the option of
said MORTGAGEE, wi~hout notice w demand, suit at law w in equity, therefwe or thereafter begun, may be prosecuted as if all moneys secured hereby
had mawred pr~or to rts institutio~.
7. lhat in the event that at the begio~ing of or at any time pendiog any wit upon fhis Mwtgage, o~ to ioreclose it, a to reiwm it, u to enfwce
payment of any claims he.eundei, said MCRTGAGEE shall apply to the Cou.t having jurisd~c?lon ~hereof fw ~he appointment of a Receiver, such Court :hall
forthwitA appoi~t e receiver of said morlgaged paooerty all and singular, includmg all and singular the income, prolits, issua and revenves irom whatever
source derived, each and every of which, it kxin9 expressly understood, is hereby mortgaged as ii spec~fica~ly set futh and desuibed in the granting and
habendum dauses hereof, ared such Receiver shail have atl the b+oad and effective funce~ons and powe~s in anyw;se enauated by a Court to a Receiver, and
s~ch appointment shall be made by such Court as an admitted equity a~d a matter of absolute rigAt to said MORTGAGEE, and without reference to the
adequacy w inadequaty of the value o4 tbe prope~ty rtwrtgaged or to the sotvency or insotvency of said MORTGAGOR or the defe~dants, and that such
renrs, prvfirs, income, issues and revenues shall be applied by such Reteiver accord~ng to the lien w equiry of said MORTGAGEE and the practice of such
Court.
8. To duly, promptly and fully perfwm, discharge, execute, eifect, complete, comply with and abide by each and every tF~e stiputations, agreementt,
conditions and covenants in sa~d promissory note and this mortgage set forth.
9. Thar in the event the ownersb;p of the mortga9ed premises, o? any parf lhereof, becomes vested in a perso~ other lhan the MORTGACaOR, the
MORTGAGEE, its succeuors and ass~gns, may, without no~ice to the MORiGAOR, deal with such successor a successw i~ interest with ~eference to tf~is
mo.tgage and the debf hereby setured in the same manner as with Mortgagor wit!aut in any way vitiating w dixharging the Mottgagors' liability herr
under or ~pon the debt hereby secured. No aale of the premises hereby mortgaged and no forbearance on the part of the /AORTGAGEE w its suctessors
or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGRGE' or its successas or auigns, ahaN operate .
ro release, d+xharge, modify thange or affect the original liability of the MORTGAGOR herein, eilher in whole or in part. s
10. It is specifically ag~eed that time is of the esunce of this contract a~d that no waiver of any obligat~on hereunder or of the oblgaYan sr ~
cured he~eby shalt at any time thereafter be held to be a waiver of the terms hereof or of the instrumem secured herby. ~
I1. In add~tio~ to the fwego:ng mo~thly paym~nta of princ'paI and interest required by the prom~ssory no!e secured hereby, ?no~tgagor covenants ~
arrd agrees to pay to mortgagee with each mon~hly payrnent an addirional sum est~mared by mortgagee to be equal to 1!12 of the annual cost of the follow-
ing:
i
A-All real property taxes levied or assessed agai~st the above described real estate. '
B-Premiums on fire and windsrorm insurance as herein rrqu~red to be carried on the improveme~ts situate on the above dascribed p?emises.
C-P~emi~ms on such mortgage guaranty insurar~ce as mortgagee shall from t~me to time deem fit to carry o~ the ban secured hereby.
JLlortgagee shail !rom time to time notify mortgagor in writing of the amount due and payable herevndrr and such sum shall thereupon be due and
payable on the doe date of the next monthty payment and each sutcessive month thereafter ur.ti! mortgagee shalf notify mortgagor of a change in such
amovnt_ Such sums sha!I be applied by mortgagee toward the paymenT of real properfy taxes, insurance prem:ums, a~id mortgage guaranty insurance
premiums• •
IN WITNESS WHER'cOF, the said MORTGAGOR haa hereu~sto xt his hand ared seal the day and year first afwesaid.
' ned, Seal and de ' e in he presence of: ~
' .n
cs~.~
- ,s~,~
. - ~s~.~
STATE OF FLORIDA ~
St. Lucie '
couNTr oF
8efwe me personally appeared Harry S. Hazdaan, I I~
~tt@ M? Hardman his wife, to me well know~ and known to me to be
tn~ individuals desuibed in and who executed the faegang instrument, and acknowledged before me that they executed the same for the purposes
~herein expressed. And the said Bette M. HS,rCZpal'1
w~fe of the said Harry S. Hc'11C~3l1~ II upon a separere and priwts
examinatio~ by me taken separaTe and apan from F?er said husband, edcnowledged to and befwe me that she executed said instrument freely a~d volurr
rarily and without any compulsion, constraint, apprehenyjQp~_u fesr of or from her said husband.
WITNESS m~ hand and official seal thi: day of ri~ A. D. i9~_
• Notary Pub ' in and for the ate of Florids d Car
My Comm o~ expires: G / 9 7~
Return To: ~
First fecleral Savings b Loan Associat;on ~ i~,,~
Of fort Pierce. ~;~„e11~~~t~~ ~p{~ PU~T'•C. ~Zd~! Of ~A ~ ~.wya
~z~ r. , _ .
,Fort Pier<e, Flwida ~,"1~ t~ rrr~ ~ ~Ol~1~
::SStOt1 fX~ifCS AtiQ. ~1 ~9n
~ J~ •~!~;st-~`.•.;~G•. i., Mj.6 ir ww~s.s Fin ~ c2ildCt ~!Y
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=~;.,5= V,~%>~' _FI
- ;.:.~:Q.~-~~..~~• ~ = tE~ ANO RECORD~p',
-""~:~~+c F.:j.;~= ST. LUCfE COUNTY, F
~ k • - .
7his Instrument Prepared By John W, Co113,n cz - p I.A.
~:~;O.i., ~ r,. ECef?7 Vfi.RI~I
m~- _
First Federal Savings 8~ Loan Association ~~~:?:,t~ rF0
• of Fort Pierce~ Florida , J~~. Q,~ ` i9~r
J~
Checked BY~~ . j?~~~~~S3A~~~~~`~'~ 'l~ APR 29 p
~ti~,~,,, ~ M 12 : 47 ~
~-s~-~oz:~~.c.~- ~
Q Q ~ E~o~e~ ~~o~rRas ~
d00K~(7~ PAGE.~.p27 , CLERK CIRCUIT CQURT:
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