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Home My WebLink About2716 J. To p(ace and cont~nvoutly keep on ehe bu;'d+n~s now a heroahe~ •~tu~te on said land ar.d on a~f equipn~ent and pe~so~ally covered by ~his marrg- ag~, with all p~emivms thereon pa,d ~n fuil, fire insurance m Ihe osual s~enda~d ~wt~cy form, in ~ sum approvrd by rhe MCRiGAGEE, and w~ndstorrn ~~suroece in the usual siandord pol:cy (orm, in a wm approved by rhe MOR~GAGEE, in iuth company or compa~~es as the MORiGAGEE may direcl; and all fire and w~ndsrorm iosurance policies on any of ~aid build~~gs, aoy interesl ~herein o~ par~ thereof, in ~he aggregate wm •furesaid w in extess thereof, shall comain the usual s~andard mort9agee clause a such ahe~ clause a~ 1he Mo~tgagee may requ~re, making ihe loss unde~ sa~d polH cies, eech snd eve~y, payubte to aa;d MORIGAGFE as ~?s interest may appear, and each and every such pohcy shall be promptly ass gned and det~verrd to eny held by said MORIGAGEE as (unher securi~y to said mortgage debt, and, not less than te~ (101 days in-advance of the expiration o1 each policy, to de- liv~~ ro said MORiGAGEE a rcnewal thereof, together with a rece~pt iw the premium o( such ~enervai; and ~here sha;l be no hre or w~nditonn inswance p~eted on any o) sa~d buildings, any interest therein ot parf lhereof, unle~s in ihe torm and w~th the los~ payable as aEoresaid; a~d :n the event any sum of money txcome~ payable undrr such ~ality w poLc~es said MORTGAGEE shall hava rhe opt~on ro recrive a~~d apply the sa,ne on accoum of ~he in~ebted- nett SCCO~ed htreby Or ?O peimit sa;d MORTGAGORS ro reGdive and ut! it Or any part th•,rcof ior o:h. ~{.u~~ ~ics. ~'..~~~:~t thr~~ v~ N::~.~ +g ~r a:~p:~~r- in~ any equ~ty, licn o~ iight unde~ or by virtue o1 Ihis mortgage; and in ~he evero sa~d MORiGAGORS shatl fo+ any rra~on fail to keep rhe sa~d premis~s so insured, w fail to det~ver p~anptiy any of safd policies of insurance to sa;d MORTGAGEE, o~ f~il promptly to pay lutty any prr~nium fherefo: o~ in any re~pett Iail to perfwm, d~stha~ge, execute, effect, comple!e, comply with and ablde by thi! tovenanl, or any part hrreai; .~~d MGkIGAGEE may p~ace a~~u pay 1w such insuronce or any part thereof withoul waiving w affecting any opl~on, lien, equ~ty, or r~ghr under-or by virtue of this ?do~tgage, and the full amoun~ o) tach and erery such payment shall be immediately dve and payabte and shaU b:ar interesl Irom the date thereoF u~~til pa~d at ~he rate ot n~ne per centum per annum and to~rther with such iroeres? shai~ be secured by Ihe lien of this mortgage. 1. To permit, commit or suifer rro waste, impairment w deterioratio~ o( said property w any part thereof. S. To pay all a~d singular the co:~s, charges and expenses, indudmg a reasonable attwney's fee and costs of abst.acts of t~Ne, incurred or pa~d at any time by said MORTGAG'.E, because or i~ the evero of Ihe (ailwe on ~he parl of ~he said MORTGPGOR to duly, promptly and fu~ty pe~form, d~sch6~ge. execute, e(fcct, complete, comply w~th and ab:de by each and every ~he stipulano~s, agreements, cond~tions, and covenants of sa;d p~omissoay no?e and this :nortgoge any o~ eirher, a~d sa~d costs, charges and expenses, each and e~ery, ahall be immediete?y due and payabte; whe~her w not rhere be nonce da mand, attempt ~o collect o~ sui~ pend~ng; and the fu~l amount of each and every such paymrnt shaU bea. intzrest from the date thercof until paid at Ihe r.:ie o~ n~ne per crntum per anuu:n; and ail said custs, charges and expenses 'rncurred or paid, toge~hrr wdh such interest, shall be secured by the lien of this mortgage. 6. That (a) in the event of any breach of lhis Mortgage or defau~t on the part of the MORTGAGOR, o? ~b) in the event any of sa:d sums of money herein referred to be not pranptly and fully paid wi~h~n thuty (301 days next afrer the same seve~ally becoane due and payable, without de:nand or notice. or (c) in the event each and every the stipulations, agroemems. condi~~ons and covenants of sa,d p~o~niswry note and th~s mortgage any or either are not ~uly, promptly and futfy performed, d~scharged, executed, eflected, canpteted, compGed with and a6ided Sy, then in either or any such eveM ihe sa~d ag- gregate sum mentioned in sa~d promisiory note then rema;ning u~,~aid, with in~erest accrued, and atf moneyr secured hereby, shall b`come due and,pay- atrle fo~thwith, or thereafte~, at the option of said MORTGAGEE, as fully and complete~y as ii ail of the sa~d sums of money were or~ginatiy st~pu:ated to be pa;d oo such dty, anything in sa:d prom~ssory note or in this Mortgage to the con?~ary notw;~hstand;ng; and thereupon or thereafier at the opt~on of said MORTGAGEE, without notice o~ demand, suit al law a in equ~ty, therefore w thereafter begun, may bt prosecuted aa if all moneys secured hereby nad matured pnor ~o ~ts inst~tut~on. 7. That in the ever,t that at the begin~ing of or at any time pendeng any suit upon rhis Morrgage, or to foieclose it, or to reform it, or to enforce p~yment ot any claims hereunder, sa~d MURTGAGEE shal! apply to 1he Court having ~ur~sd~ci~on th<reof for the appo~~tment of a Receiver, such Coun shail fcrthwith appo~nt a receiver of said mwtgaged property al! and singufar, includ~ng ail and singular the income, proi~ts, issues and revenues from whateve? s,:urce derived, each and every ot whkh, it be;ng eap~essly understood, ia hereby mortgaged as if speufically set forth and described in the grao+ing and habendum dauses hereo4, and such Receiver shaN have all the broad and effettivr f~nct~ens and powers in anyw~se entrusted by a Co~rt to a Recriver, and s_ch appoin:ment ahall be made by such Cou~t as an admitted equity and a rt+atrer of absolute nghf fo sa;d MORTGAGEE, and w~ihoul reference to the edequaty or inad~quaty of the vaiue of the property mortgaged w to the soivency or insolvency oi said MORiGAGOR or the deftr.dants, and ~hat such ~enrs, protits, income, issves and revenues shali be appl~ed by such Receiver accordmg to the fien or equity oi said MORiGAGEE and the p~act,ce of such tourt. 8. To duly, promptly and fulfy perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulaticns, agreements, conditions and covenaros ~n sa~d promiuwy ~ote and this mwtgage set fwth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, beco~nes vested in a person other than the MOR7GAGpR, the :'QRTGAGEf, its successors and ass~gns, may, without noiice to the MORiGAOR, deal with such successor or successor i~ interest with refrrence to this n:o~egage and the dab~ hereby secured in the same manner as with Mortga9o. without in any way vit~ating w d~scharging the fJbrtgagors' liab~lity here- ~r.der or upon the debt hereby secur¢~. No sate of the premises hereby mortgaged and no fo~bearance on ~he part of ~he MORTGAGEE or its successors or ass~gns and no exte~sion of the time for the payment of the debt hereby secured giv~n by the MORTGAGEE or its successors or asslgns, anall operate io release, d:scharge, modify change or affect the orig~nal liab~l~ty of the MCRTGAGOR herein, either in whole or in pa~t_ 10. It is speufica~ly agreed that rime is of the essence of rhis conrract and that no waive~ of any obhgarion hereunder or of the obtigation se- cured hereby shali at any time thcreafter be held to be a waiver of the terms hereo4 or of the instrument secured hcrby. 11. In add~t~c~ ro the farego'~q month!y paymems of princ pat and in:eres: requ~red by the prom;ssory no~e secu.ed hereby, mortga~~r covenants a~d ag~ees to pay to mortgagee vciih each moNh~y payrnent an add~uonal sum es~~n:a~eci o~ morrgagee ro be equa! ro 1~ ]2 of the annual cost of the fo~low- u:y: A-All real p~operty taxrs levi:d or assessed ag.u•:st thc above descriyrd reaf estate. B-Pren.~ums o~ f~re ar.d ~vi~eduo-~n insurar.ce as herein requ;red to bs carrled on the tmprovements s~r~ate on the above d=scribed prerriises. C-Premiums e~ such mortgage guaranty insurar~ce as mortgagee shatl from r(me to time drem fit to carry on the loan se~ured heseby. RRatgagee shatl frorn rime ~o time notify mortgagor in w~iting'of the amount due and payable hereu~der and such sum sha!! thereupon be due and ;~yabie on the due cfate of the ~ext mpnthl~ payment and each suctessive month thereafter until mortgagee sha!( notify mortgagor of a change in such ,~.ount. Such sums sFa~i be app:fed by mortgagee tovrard the payment of reat property taxes, insurance prem,e;ms, a~id mortgage guaraNy insurante trem~ums. , YJITNESS `NH:REOP, the said MORTGAGOR has hAreunto set his hand and seal the day and ye f" t s'd. ' a dldeliverEd in the sence of: fl~EO ~K~ aECOR0E0 . - ~ v ST.U1CtiE COUNTY fU?- Seaq {tOGE~ Fp1~RA5 ~ ~ A KO (~aq j - - CLEitK C;aGU~T COUi1t \ VEF.~' (Sea1) ; - - RfC0~7 amela Holuies cs~aq ~ ` S7ATE OF FIORIDA ~ ~ SO ~ st. Lucie 2~79s~ ! COU'~iY OF _ ~ ' R Before me personaliy appeared Riehard A. HOZAIES and ' Pauoela Holaes ~ ~ f his wife, to me wefl kpowrf~and'-krapwn~jv rne_to be E ;he irtdiv+duats described ;n and who execured the fwegoing instrumeM, and acknowledged before me that they exetutFd the sarnNfor tqe ,p~dposes rhe•ein expressed. And the said_ P3aBla HOZffi@8 ' ~ ..~fe of the said R~ hard A I{O~e3 r^~ ~ ` ~ - ' . ~upon s separate ind jfivate ~ examloarion by me taken separate and apart from her said husband, atknowfedged to and before me that she executed sait/ instrvment freely and volun- t rar~iy and wlthout arey computsion, cons?ra;nt, apprehens~on, or fear of or from her said husban . `~',S' 1~ : ' WIiNESS my hand and official seal this 28th da of ~~@ ` 73 Y , =~t9 , e' ~'~u~ ~ . , : Notary Public in and the 5tate of Flwida at large ' My Commission expires: f Return io: ' First Federal $avings 6 loan Associat~on . O( Fort P:erce. Y~v ~y~(L s~ ~ V~ - Fort Pierce. Flor~da _ Yy C~~ M~~1~~ ~y~j . - ~7 C ~ . . Esp;r~s Oct: ?0. 197~~. _ ~''~i~ by Arerr~ca~ Fir~ t f.,. ~y ~ ; This Instrument Prepared By J• H. RobeYts~ Jz• Fi~st Federal Savings 8 Loan Association ; of Fort Pierce ~FloYida 33450 i ~ r ' Checked By i::~~ ~i~ 1'«~f ~~,Q ~ ~ d~ . . ~s :