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Home My WebLink About1021 t ~ t, s . 9. To ptace and cooriouously keep on the bui!dings now or hereafter ~i~uate on said I~nd and on all equlpneM and personaliy cover~d by this mortQ- ags, with all p~emiums thereon pa~d in full, lire iniurance ~n ths usual ~~andard policy form, in • ~um app~oved by the MORiGAGEE, and windi~orm ~nsurance in the usu~l standard pol:cy (am, in a sum ap(xoved by the MORTGAGEE, in tuch company or companies ~s Ihe MORiGAGEE may d~~cc~t ~nd ~II fir~ ~nd w~nds~orm inturance policiei on any of sa~d build~nys, +ny inte~est ~herein or part thereof, i~ ~ht aggrega~e sum aforesaid w in •xces~ Ihereof, shall contain the usual standard ma~qa9ee clsute a such oihe~ clsuse as ths Mortflagee may ~eq~~re, ma?ing rhe loss u~dcr sa,d poli- ctes, ea<h and every, payabte ro taid MORTGAGEE as it~ interes~ may appear, and each and every such potfcy shall be promptly au g~~ed and defivrred to sny held by uid MORiGAGEE as further tecvrity to uid matgage debt, ~nd, no1 leu than Ien (10) days in advance of Ihe expiration of each pol~cy, to de- Gve~ 1o said MORiGAGEE a re~ewal thereof, toge~her w+th a rece~pf fw the premium of auth renewal; a~+d there shall be no fire or windsto~m insurance placcd on any of said buildingi, +ny inlerest therein a pa~t tF.ereof, unlesa i~ tht form and wit!? IF+e loss payabl~ at aio~esaid; and in the e~e~t any sum oi money becurnes payable unde~ iuch policy p policies said MORTGAGEE shall have tM upfion to receive and apply the same on accou»t of Ihe indabted ness secured he+eby a?o permit said MORTGAGORS to receive and use it q any par~ thereof for o~hei pwposes, Yn~~IOJf th_~rb~ wa~~ing ~r m~p~n- ~ng any equ~ty, lien a right under w by virtus of this mo:lgaps; and in the event said MORTGAGORS shall for any reason fail to 4eep thc said premisas so insured, p fail to detiver p~omptly any of said potities of inaurants to said MORTGAGEE, o~ ~ail promptly 1o pay fully any pren,~um therefor or in any re~pea fail to pe~fam, discharge, execute, effect, comptete, comply with and abida by this covenant, w any part h~reof, sad MORTGAGEE may piace a~.d pay (w such insurance or any pa~t thereof without w~iving or af(ecting any option, iien, eqvity, o~ ~ighf under o~ by vertue of th;s Mortgage, a~d the ~ f~11 amount of eacA and every such payment shall be immediately due and payable and shall btar interest from the date thereof uniil paid at the rate ol nine per cemum per aenum and to~ether w~th such interest shall be secured by the lien of this mortgage. 1. To permit, commit or sufftr no waste, impairment or deteriwation oi said property w sriy parl t!x?eof. 5. To pay all ar.d singular the costs, chargcs and expensei, including a reasonable attorney i fee and costs of abstrads of t~tle, incurred or paid a~ any time by said MORiGAGfE, because a in the eveM of the faiiure on the pan of the said MORTGAGOR to duly, promptly and fu11y perlwm, d~xharge. execute, effect, comptete, canply with and ab:de by each and every the stipulstions, agreements, conditions, and covenants of seid promissory note a~d ?h+s mortgage any o~ either, and sa~d cosb, chaages and expenses, eacb and every, sMll be immediately dve and payabte; whether w ~ot ~here be not~ce dr mand, sttempt to tolktt or suit pending; and the full amount of each and every sirch paymenf sha~l bear interest lrom the dafe Ihe~eof until paid at the ~~te of n~ne per crntum per annum; and atl said costs, charges and eapenses incurred w paid, togNhe~ w~1h such int~rest, shall be secured by the.lien of th~s mortgsg~. . 6. Thst (a) in tF?e event oF any breach of ~hia Matgage or default o~ the part ot the MORTGACaOR, or ~j in the event sny of sald svms of money herein referred to be not promptly and fuily paid wiihin ~Firty (30) deys next afrer ~he same severally becane due and payable, without demand or notice, o~ (c) in IAe evem each and every the stiputatioru, agreements, condrtions and covenanta of sa~d prom~ssory note and th~s mortgage any or ei~her are not iuty, promptly and fully perfwmed, d~scharged, executed, effected, completed, compl~ed with and abided by, then in either w any such eve~t rhe sa~d ag ~regate sum menrioned in said promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay abte forthwith, o~ thereafter, at the ootion~of said MORTGAGEE, as futly and completely as if all of the said sums of money were w~ginally st~p~tated to be pa~d on such day, anything in said promisswy note or i~ this Mortgage to the co~trary norwithstand~ng; and thereupon w therea4te~ at the option of sa~d MORTGAGEE, without notice or demand, suit at law or in equity, therefore w thereafter begun, msy be prosecuted as if all moneys secured hereby nad matured pnor to ~ts institutan. 7. That ir? the event that at the beginning of u at any time pending any suit upon this Mwfgage, d ta fo~ectose it, a to refam it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdictio~ Ihereof for the appointment of a Receiver, such Court shall ferthwith appoint a receiver o( said mortgaged property all and singutar, includ~ng atl and singula~ the income, prof~ts, issues and revenves irom wharever source derived, each and every of which, it bein~ expressly understood, is F~ereity matgaged as if speufitally set forth and described in the granting a~d habendum clauses hcreof, and suth Receiver shall have all the broad and effecrive funct~ons a~d powen in anywise entrusted by a Co~:rt to a Receiver, and s~ch appointment shsll be made by such Court as an admitfed equity and a matter of absotute r~ght to sa~d MOR7GAGEE, and without reterence to the adequacy a inadequacy of the value of the property mortgaged or to the solvency or ;nsolvency of said MORiGAGOR a tF~e defendants, a~d fhat such renrs, profits, inco~ne, iuves and revenves shall be appfied by such Receiver according to the lien or equity of said MORTGAGEE and the practice o/ such Gourt. 8. To duly, Fiomptly snd fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipuiations, agreements, ~ conditions and covenants in said promissory note and this mortgage set forth_ 9. That in the event the ownership of tne morigaged premises, w any parf thereof, becomes vested in a perwn other than the MORTGAGOR, the h!~RTGAGEE, irs succesaors and asa;gns, may, w;thout notice to the MORTGAOR, deal w~th s~ch successor or successw in interest with reference to this morrgage and the debt Fxreby secured in the same manner as wifh Mo~tgagw without in any way viUating or d~scharging the tllortgagori liability her~ under or upon the debf hereby secured. IJo sale of the premixs hereby mo~tgaged and no forbcarante on fhe part of tF~e NtORTGAGEE or its successws or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successws or assigns, ahall operate E to refease, d~scharge, modify change a aifect the original liability of the MORTGAGOR Fxrei~, either in whole or in p~rt. 10. It is spec~ficaily agreed that time is of the esunce of this contract and that no waiver of any obt~gat~on hereu~de~ a o! the obligation se- c~~ed hereby shatl at any time thereafter be held to be a waiver of fhe terms hereof or of rhe instrument secured herby. , 11. In addaion to the forego'ng monthly payments of princ pal and interest required by the prom:ssory nore secured hereby, mortgagor covenants a~~d agrees to pay to mo:tgagee with each monthly Fayrnent an add~rional sum est~mared by mortgagee to be equal to t;`12 of the annual cost of the follow- ~ng: A-Atl real property taxes ievied or assessed agai~st 1he above described real estate. ~ c B-Pren:~u~ns on fire and w~ndstorm insurance as herein requ~red to be carried on the improvements situate on the above described premises. C-Premiums on such mortgage guaranty insurance as mongagee shall from time to time deem fit fo carry on the loan secured hereby. Mwtgagee shait irom t~me to rime ~otify mortgagor in wrft~~g of t}ee amount due and payable hereunder and such sum shall thereupon be due and r ayable o~ the due date of the next momhly payment and each successive momh thereafter u~til mortgagee sha~l notify mortgagor ot a change in such a•~.ount. $uch sums sF.al! be applied 'oy mortgagee toward the payment of real property taxes, insurance prem:vms, and mortgage guaranry insurance p'emeums. 1 WITNESS Y~HEREOF, the said MORTGAGpR has hereunto set his hand and seal the day and year first afwesaid. ned, Sealed and del' i~ t preunce of: `'A Gt,~.b-'f~ ~ Seal) - (Seap - (Sral) (Seal) SiATE OF FLORIDA ~ coun,rr oF St. Lucie Befwe me personally appeared Joel Narold Hogan i snd i ~X1S l~I• Hogan his wife, to me wetl known a~nd kmwn.ta:n4e to 6e ! rhe indiiiduals d~scribed in and w~.;, xec- ed he f i ~nstrument, and acknowledged before me that they executed the sams.fot~ the:p~rposes thereen expreued. And tF~e said ~oe`I t~aro~~ogan i_ _ . +~:fe of the said • g ~ D~21S H HO an a xpsrafe eri$~iiv~te examination by me taken separate and apart from her said husband, acknowledged to artd before me that she executed said'irb~~?nen f~eety ~vo~urt- rar;ty and w;rhovt any compuls+an, consaaenr, apprehens" ?i fesr of or f.om he~ ' husband. Janua WIINESS my hand and official seal this_~.7 a da of r `r ,r~a973 246458 ~ d r~ ~ ' m N tary PubGc in and w t e Ststb~bf Fbridi at~J~6r~ My Commiu'ron expires: ~t ~ , Rerum To: FILEp ~MD RECORDEC ~l : First Federal Savings 3 loan Associat~on ST. LUCIE COUMTY FIA. ' Of fort P~erce. ~~CER RQ~~AS i CIERK C~.°,~UIT COURT Forr Prerce, Flor~da P.E~pq~~ VER~FIED.~~~ J~+ 1~ 3 2s PM'73 ~ This Instrument Prepared By ~ohn W. Collins First Federal Savings ~ Loan Association ; of Fort Pierce ~ Florida ~ Checked By ~ . ~~10 ~t0i9 . _ _ ~ ~ ~ ~ ~ :'~3' Fr, - - - , 't-~'~ . . . . . -.....--4~'~~s