HomeMy WebLinkAbout0506 To plan and cont~nuovsly keep on ~}w b~ild~rqs now a Mrtaft~? utwt~ oe~ taid iand ~nd on all equipm~M ~r+d ptnonally tovered by this mat¢
p~, with dl prsmivrt+s theteon pa~d in 1~II. ti?e Inivrance in ?M utu~l ~tar+dKd polity fwm, in a ivm ~pprov~d by tM MORiGAGEE, and windstam
iniu~anc~ in tM wwl i~anda.d pol:cy ~io~m. in a ium approwd by tM MORiG/1GEE, t~ tucA companY or caoW^~es +s ~M MORTGAGEE ~+?+y
dinctt ~nd all f'ue ~nd windstam inw~ana policies on any of said build~~pl, any int*rstt tMr~i~ ot parl tMraof, in th~ ~pqre9a~t ~um afo.tuid o~
M~xuss IMr~oi, thatl contain th~ u~wl itand~rd malpa~e clau~ or such o~ht~ cl~u~ a tM Mor~ypt~ may requir~. m~kirp tM lo~s unde~ a+~d Pol~
ci~s. ~ach ~nd ~vKy. paYaEN ro said MORTGAGEE ~s iti interest may appe~r. ud each and ~very s~rch policy shall b~ promptly au.pned and d~tivsred ~o
~ey held by s~id MORiGAGEE ~s fur~he~ sec~.iry ~o iaid morrpaq~ deb~, u?d, rat I~u than ta? (10) d~ys In ~dvanc~ of tM ~xpir~tan ot each policy. to da
IivN to s+id MORTGAGEE e rtnewsl fl?ereof, topNhN with • receipl fOr tM p~~mium of suth re~ewal; and ther~ iMll b~ no firt or windttorm int~ranc~
placed on iny of said buildinps. ~ny interest thKtin or part tF~wf, u~leu in tM fwm and with tlw lou p+yabl~ as ~fores+id: ~nd in tFN ~vtnt any sum
of mon~y becomes p+yable under ~uch policy or policie~ i+id MORTGAGEE shall Mw tM option to receive and ~pply tM iame a? accovnt of the indebted~
neu ietwed hereby w ro permil iaid MORTGAGORS to reteive and us~ it a•ny part tAereof tw othcr purposes, .vi~hout ~ha~eb~ waivi~~g o~ ~~npe~~-
inq any eqvity, lie~ or right unde~ a by virtw of this mortps~sj ~nd in ths eve++t Nid MORTGAGORS shal) for any reason f~il to keep the said p?emiies so
insured, o~ f~il ro deliver promptly ~ny of said policies of insursnte to said MORTGAGEE, a fail promptly to p+y fully any premwm tAereior w in sny
respact fail b perform, discharge, execute, ~ffeN, complete, oomply with and abids by this covenanl, p+nY part hereof, said MORTGAGEE msy p~+ce and
paY fa such Insurance a ~ny part thereof without w+iviny w affec?inp sny optan. lien, puity. a right vnder w by virtw of ~his Mor~~sye. and the
full amoum ot each and every such payment ihall be imnediately dw and p~yable ~~d shall bear intere~t from tM date thereof until paid at tM ~afe of
nine per te~tum per annum and to~ethrr with tuth i~teresl shall be secured by tM lien of this mortg+gs.
To permit, commit w s~ffer no wsste, imp+irmcnt w deterar~tan of said property o~ aoy part thereof.
5. To pay all and aingulu the costs, charges u~d expenses, including a reasonable anwney i fee and costs of sbstrocts of title, incurred or paid at
any time by sa~d MORiGAGEE, bacause w in the event of the failure on 1Fx part of the said MORiGAGOR ro duly, promptly snd fully perfwm, d~uhsrge.
execute, effed, complete, tomply w~th and eb:de by each and evary the stipulations, agreements, conditions, and covenants of said promissory note and thu
mwtyage any a eithe?, and said costs, ch~rges and expenses, each and every, sMll be immediately due and payable: wlxther w not there be notice de
mand, attempt to collect w suit pe~dingt and the full amount of each and every svch payment shsll bcar interest from Ihe date thereof until paid d the
rate of nine per centum per annum; and all wid costs, charges and expenses incurred or paid, together with suth interest, shall be setured by the lien of this
monysp~. .
6. That (s) in the evero of sny breach of this Mortgage or defavlt on the part of the MORTGAGOR, or (b) in the eveot eny of said s~ms of money
herein referred fo be ~ot pranptly and fully psid within th7rty (30) days next after 1he same uve~ally become due and payable, wi~hout damand w notice,
or (c~ in the ~vent each and every the stipulations, agreements, conditiau and covenants of said {xomiuory note and th~s mortgage any or either are nol
iuly, promptly a~+d fully performed, d:uharged, executed, effeded, completed, complied with and abided by, the~ i~ either or any such event ehe s+id +g
gregste sum mtntioned in said promissory note then remaining unpaid, with intcresl accrued, and all moneys secured hereby, shall beco~+e due and pay-
abte (wthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if all of the said sums of money were originally it~pulated
to be paid on s~th day, a~ythi~g in saSd promissory note or in this Mortgage to the conlrary notwithstanding; and thereupon w fheresfter ~t the option of
said MORTGAGEE, without ootice w demand, suit at law or in equity, thereEore ar therea(ter begu~, may be prosecuted at if all moneys secured hereby
had matured prior to its inslitution.
7. That in the event that at the beginning of or at any time pending any suit upon thia Mortgage, a ro fo.ectose if, or to reform it, or to enforce
paymcnt ~of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisd~ction thereof fo~ tF?s appointment of a Receiver, such Court shall
Fwthwith appoint a receiver of said mortgaged property all and si~gufar, intludmg atl and singular the income, p~ofits, iswes and revenues from whatever
wurce devived, each and every of wh~ch, it being expressly understood, is hereby mortg+ged ss if speciiically set forth snd desuibed in the grsnting and
habendum ctsuscs hereof, and svch Receiver shall hsve all the broad and effettive funct~ons and powers in anywise entrvsted by a Court to a Receiver, and
such appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the
adequacy or inadequaty of the value of the property mortgaged or to the solvency or insolvency of said MORTGAGOR or the defendants, and that such
rents, profits, income, iuues and revenues shall be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the ptactice of such .
CouA. .
8. To duly, promptly and fully perform, discharge, execute, effed, complete, comply with and abide by each and every the stipulatwns, agreements,
conditions and covenants in sa~d promissoty note and this mortgage set forth.
9. That in the event the ownership of the mortgaped p~emises, w any part thereof, becomes vested in a persw~ other than the MORiGAGOR, the
MORTGAGEE, its successors and auigns, may, without no~ice to the MORTGAOR, deal with such successor w successor in inte~est with reference to thia
mortgage and the debl hereby secured i~ the same manner as with Nbrtgago~ without in any way vitiatirg w discharging the Nbrtgagors' liability herr
under or upa? the debt heroby secured. No aale of the premises hereby mo.tgaged and no forbears~ce on the part of the MORTGAGEE a its successors
or auig~s and no exrension of the time for the payment of the debt hereby secvred givm by Ihe MORTGAGEE or its successws or auigns, shall operate
to release, discharge, rtrodify change or affect the original liability of the MORTGAGOR herein, either in whole a in part.
10_ It is specifically agreed thst time is oi the easence of this contratl and that no waiver of any obligation hereunder or of the oblgatan sr
cured hereby shall at any time thereafter be held to be a waiver of the terms hereof w of the inslrument secured herby.
11. In add~tion to the fwego:ng monthly payme~ts of pri~c'pal and interest required by the promissory note secured hereby, mortgagor covenants
and agrees lo pay to mortgagee with each monthly payment an addirional sum estimated by mo?tgagee to be equal to 1/12 of the annual cost of the follow-
ing:
A-All real property taxrs levied or assessed against the above described real estate.
B-Premiums on (ire and windstorm insurance as herein requ~red to be carried on the improvements situate on the above described premises.
C-Premiums on such mwtgage guaranty insurar~ce as mo~tgagee shall from t~me to time deem fit to carry on the ban secured hereby.
Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable Fxreunder and suth sum shall thereupon be due and
Ii payable on the due date of the next monthfy paymeM and each successive month thereafte? ur.til mortgagee shall notify mortgagor of a change in such
amount_ Such sums shail be applied by mortgagee toward the paymeM of reaf property taxes, insvrance prem.vms, and mortgage guaranty insurance
i premiums_
; IN WITNESS WHfREOF, the said MORTGAGOR has hereunto set his harsd and seal the day and year first aforesaid_
~ Sgned, Sealed and~ettyered i the ~esence of: l
. ~ n
Ba ni . HOZ 1S a~
Seal)
Barbara J. ; lis
STATE OF FLORIDA ~ ~
St.Lucie
couNn oF
Before me perwnally appeared Ba rAey E• HOl l l S a~
$~Z~lO .l~ HOZZ~S his wife, to.me well known a~d krqwn to me to be
the individusls desuibed in and who executed the foregoin~, instrument, and acknowledged before me that they executed the sam~ tM purpdfes
lherein expressed. And the said ~rbaza J~ HOZ11S c~~~~ :i~:_t'-, ,
wife of the said Bazne E. HOZIIS `•.11~pon a;,itj~?~ie~~ priwt~
examinat~on by me taken separate and apart from her said husband, acknowledged to and before me that she executed iw~n!~?~.-~eE1~/±i~i:Wlwr
tarily and without any compulsion, coostraint, apprehe sjpn, or fear of w from her said twsbsnd. Apri~ ~~,•'~j~.~;' ~~•._l~c.
WITNE55 my hand and official seal thi• dsy of ~ •r -A.~ 0. 1_~.'~
~ j _ _ ~ -
~ •
Nota P~blic in and e~ f ~ ida ~t l+r~t~
~ ""Y m~~ N ~ - ~C~:•) Q ;
:V"f
Retum To: 3 ~ • . I, .
First federsl Savings b loan Association I~~~~,~' MT~ CTti~~
Of Fo~t P~erce. - ~~~~~1lJ~~~•~~~•,~~~`
Fort Pierce, Florida ' • '.`q ~
- s'~u°v' ~
OCER ~01~~~,1~ ~
This Instrument Prepared By J. H. Roberts , Jz. ~~R ~~ACNIT Q011RT o
First Federal Savings & loan Association r[RlflEO~,~,~„~
of Fort Pierc~ Flos3da ~ ~ `s ~ ~
Checked By
s°~C~2~~ PaCE 505 2S2~3Z0
~