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HomeMy WebLinkAbout1001 ?I 3. To ptace snd continuously keep on the bueld+'nqs now or hareaiter aitwte on said land and on alt equipment and pcrsonally covered by this ma~g~ age, w~th ~II premiumi ~hereon pa~d in tull, /ire insurance in the uswl standard policy form, in ~ ium approved by the MOk~GAGEE, and w+~ds~o~m ~nsurance in the usual standard poGcy (orm, in a tum ~p{xoved by the MORI6AGEE, in such company or tw+~p+nie~ as the MORTGAGEE may d~rect; ~nd all fire and windatorm insur~nce policiet o~ any of,seid bvild~ngs, any f~lerQSt therein o~ put therea(, in IM aggregate :um ato~esaid w in exce» thcreof, thatl contain the usual standard mortgayee clsuse a such o~he~ c~ause af tM Mwtgagee may re~qu~re, ma~in~ ~he loss unde~ sa:d poli- c~es, each and ave~y, payab~e ro said AlOR1GAGEE is ~~s interest may appea~, ~nd each and every such policy shall be prompyly au gned and de~~ve~ed ~o eny heid ~y said MORTGAGEE as further security to said mwtga~e debt, and, oot leu tMe ten (10) days in advance of ~he expiretion of each poticy, to de- ~~va~ ~o iaid MORTGAGEE • re~ewei the~eof, toyether witA e rece~pt for the psmium oi such ranewal; and ~here shall be no f~re o~ wi~dstor~n insurance placed o~ any of ~sid buildings, ~ny interett tFwrein or pa~1 thereof, unle~s in tM form and with the loss payable a~ ~(oresaid; and in the evenl any sum of money becomes payable under such poliq a policies iaid MORIGAGEE shall have the opt~on to recrive and apply tAe same on acco~nt of the i~~dabird- ness sec~+rd he+eby o~ ?o perm;t uld MORTGAGORS to receive snd usa it w any par~ ?hereot for o~her pu~poses, w~iho~t iha~co~ KJ:~1•13 u~ u~~p.,ir- ~ng a~y equity, lien w right under w by virtue of this mo:!gage; and in the evem said MORTGAGORS ihall fw any reason fail to ~eep said p~emisas so insu~ed, w fail to deliver promptty any of said polKies of irtsu+ance b said MORIGAG:E, or laii promptly to pay fully any pre+~~~um therefor or in any respect fail ro perfwm, discherge, executs, effKt, complete, comply with and abids by this cove~ant, or any parl hereoi, said MORTGAGEE may piate and pay fa such insurance a~ny pa?t thereof without w~iving w affecting ~~y option, fie~, equity, or ~ight unde+ or b~ virtue of this Alorigage, and the fL!! amounf of each and ev~?y tuch payment shall be immedi~tely due and payable ~nd shall bea? interest from the date thueof until paid at the rate ol nine per centum par annum and to~e~her w~th suth interest shall be srcwed by the lien of this matgsge. To permit, commit or sufier no wsste, impairment o~ deterioration of said property o? any part thereof. S. to pay ell and singular the costs, tTi'argei and expenus, ir?cluding a reasonable ~ttorney': fee and costs of abstrads of t~ile, incurred or pa~d s~ any time by said MORTGAGfE, becaux or in tne event oF tAe f~ilure on the part of the si~d MORIGAGOR to duly, promp~ly and fully periwm, discharge, :xecu:e, ei(ect, complete, comply with and abide by each snd every the stipulatiwu, agrcemenfs, conditions, and covenanrs o( said promis:ory note and rh;i mortgage ~ny or either, and said tosb, charqes and ~apenses, eath and every, thall be immediately due and payable; whether w not there be notice dc mand, attempt to colkct or suit pend~ng; snd the full srno~rnt of each ~nd we~y such payrt~em shall bea. interes~ from the date the~eof uniil paid at the r~te of nine per centum per annum; and al~ said cos?s, charges arui expenses incurred o~ paid, together w,tb suth mterest, shall be secured by the lien of this mortpage. 6. That (a) in the event of any breach of th`s Mortgage or default on the part of the MORTGAGqR, or (b) in the eve~f any of sald sums of money hzrein referred tc ~r rtot premprly and f~lly paid within ihirty (30) days nea~ after the sama severally become due snd payable, without demand or notice, o~ (c) in tha event each and every the stipulations, agreements, cond~tions and covenants of sa:d p~omiswry note and ~h~s mortgage any or either are not i~ly, p~ompely and fully performed, d~scharged, exec~ted, effected, completed, complied with and abided by, then in e~ther or any such event the sa~d ag gregata sum mentioned in said promisswy note then remaining unpaid, with interest accrued, and all mo~eys secured hereby, shall ~ecome due ar~.i pay- AF~IP in.~hw~?h. or thereaiter, at ihe opt~on of said MORTGAGEE, st fully and comp~etely as if at) of the uid sums oi money were onginaily s~~pula~ed ~ ro be pa~d on such day, anything in sa:d prom[ssoryr note w in this Mortgage to the contrary norwirhstanding; and the~cupon w thereafter a~ the opuon of sa~d MORTGAGEE, w~thout norice or demand, suit at law w in equ~ty, therefore o~ thereafter begun, may be prosecuted as if all moneys secured he~eby ~ h~ matur pnw fo ita institution_ 7. That in the eve~t that at the begi~n~~g of w at any time pending any suit upon rhis Mortgage, or to faeclose it, w to refwm it, or to en(orce payment of any claims hereunder, said MORTGAGEE shall apply to tFx Court having ~urisdiction thereof for the appointment of a Receive~, such Cou~t shall ferthwith appoint a receiver of said mortgaged p?operty all and sirgvlar, includ~ng aIl and singula~ the income, pro(~ts, issues and revenues from whatever soc,rce derived, each and every of wh~ch, it being exp~essly understood, is hereby mortgaged as if speuficaJly ut forth and described in the greneing and habendum clau:es hereof, and such Receiver shall have ali tFx broad and effective func~~ons and powers in anywqe, entrusted by a Court to a Recei~e., and s~ch appointment shall be made by such Coun as an admitted equity and a matter of absolute riqht to said MORTGAGfE, and without re{erence ~o the adequacy a inadequacy of the vatue of the property mortgaged or to the wtvency o~ i~solvency of said MORiGAGOR w the defe.,danfs, and that such rents, profits, income, issues and revenues shall be applied by such Receiva according to the (im or equity of wid MORTGAGEE and the p~actice of such Court. 8. To duly, promptly and fully perfwm, dixharge, execute, effect, complete, comply with and ab2de by each and every the stipuiations, agree-nents, condifwns and coveoants en sa~d promisspy note and this mortgage set fwth. 9_ lhaf in the event tne owncrsnip oi ii~a rw,rigsy~.: p:a-:s~s, tr: e::~ ratf i~rs!, ~.~t~s ves!g.~ in a oersort oiher than Yr~e MORTGAGOR, fhe ~lORTGAGEE, iri successors a+nd ass;gns, may, without nofice to the MORTGAOR, deal with such successor or successor in interest wieh reference to this ~ mortgage and the debl hereby secured in the same manner as with Mortgaga without in any way vitiating a dixharging the Mor~gtgors' liabi!ity hero- i under o? upon the debt hereby secured. FIo sate of fhe Fremises hereby morrgaged and na fabearance on tF~e pan of ihe 1.10RTGAGEE w its s~,ccessws or assigns and no ezte~sion of the time for the payment of the debt hereby secured qiven by the MORiGAGEE or its successors or assigns, shall operate ro re?ease, d~scharge, modify change or affect the o~ginat liability of the MORTGAGOR tKrei~, either in whote w in part. 10. It is specifically agreed that time is of the essence of this contract a~d that no waiver of arty obligation hereunder w ef the obligation fr c~red hereby shall at any time thereafter be held to be a waiver of the terms hereof o? of the instr~ment secured herby. 11. In add~tio~ to the fo~ego ng monthly paym>nts of princ"pal and interest required by the prom:ssory note sec~red hereby, mortgagor covenants nnd agrees to pay to mo:tgagee with each mo~thly payment an add~rional sum est~maied by mortgagee to be equal to 1 j 12 of the annual cost of the follow- iny: 2 A-Atl real property iaxrs lev~ed or assessed against th~ above described real eatate. B-Prem~ums on fire and windstorm insurar.ce as here~n requ;red to be carried on the improveme~ts situate o~ the above described premises. i C-Premiums on such mwtgage guararoy insurante as mortgagee s6af1 from t~me to time deem fit to carry on rhe loan secured hereby. Mortgagee shatl from time to tirrrc norily mortgagor ;n writ;ng of the amo~nt d~e and payable he~eunder and such sum shail thereupon be due and ~ayabte on the due date of the next monthty payme~t and each successive month thereafter urtit mortgagee shall notify mortgagor of a char~e in such a-~~ovnt. $uch sums shail be applied by mortgagee toward the payme~t of real property ta:es, insurance prem:ums, and mortgage guaranty insurance p~emiums. - ~"t WITNESS WHEREOF, the said MORTGAGOR has Fereunto set his F~and and seal the day and year st aforeuid gn d, Sealed bnd delive i th~ presence of: ~ sl) ~ Wa~ter H. Hazell ef cs~an ' (Seaq - (Seal) Santina Hazelli STATE OF FLORIDA ~ _ ~OUNTY OF $t • i.UCl@ Walter H. Hazellief ~ Befwe me personally appeared and ; sant l78 };8Z$ e h;s wife, to me welt known and krawn to me to bs the individuals described in and who execured t fweyoing y~ tru'~ t ~nd cknowledged before me that they executed the same fw the purposes rhe:ein expressed. And the said ~~tlil~ tl~Z~i,l~ ` w~re or t?~ said 1~alter N. Haze e - - wpon'~ s~pa?6t$ ~y~tf private a i examenst~on by me taken separate and apart from her said huaband, atknowledged ro and before me that she exetuted asid,i~ditJrM~N fr~~;i~;votun- : carily and w~t}?out arty compuls'an, consiraint, appre i or f~e,/~r of o~ from her C ; ~ WITNE55 my hand and official seal thi ~ C~ day of y r•, ~ b; ~jy~_ ~ ^ 1 : fIL£0 ah: ?fCOROfO - ST. ~UC1E COUNTY fLA. Notary Public in and for the Sute.;of F ida at ~r~_" ROGER POITRAS My Comm~uion expirei: - Rerurn To: CLERK Ci^nCUlF COUR7 + First Federel Savings 3 loan Assouat~or~FCORG y~r;,.-~Ep~~~ NOTA~1o1,~C~,3jA2'[~~'LCRlDAatlAttGE c~ MY CONN,d1510~ ~'~RES SEPT. 25. 1975 - Of Fo~+ P:erce. gonded B~r Amencan Bankers Insunnce Co. Fort Pierce, Florida 3 2v P!! 246448 This Instrument Prepared By Gary F, Bllwood First Federal Savings & Loan Associafion ; of~ort Pierce ~ Floride ~ Checked By' ~ 1 99~ - - _ - - _ , . N