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HomeMy WebLinkAbout2203 9. To place and continuously kcep on the build~ngs now a hereafter situate o~ sa~d ~and and on all equipmem and perionalty covered by this mw~q- sg~, with •11 p:emiums Ihereon paid in f~ll, fire insurance in tM us~nl ~~a~dard policy fo~m, in a~um approved by Ihe MORiGAGEE, a~d windstorm insu~anct in Ih~ usu~l ttandard pol~cy form, in a sum approv~d by the MORTGAGEE, in suth tomp+ny o~ companief ss 1i» MORTGAGEE may dirK11 ~+?J all fite and windslorm insurante po~k~es on ~ny of said build~ngt, any intereil therein or part thereol, in the ~ggregNe ~um afweiaid o~ In ~acets thereoi, ~MII contain tha usual sundard mortgayae claus~ a auch o~her clauss at th~ Matg~yee msy req~~rs, maAin~ the lou undr ta~d polF ciea, t~ch and every, payable !o said MORTG4GEE as its interes~ msy appea~, ~nd each and every t~ch pol~cy shall be p~omptly sss gncd and dellvered to any held by ssid MORIGAGEE +i (urther security ~o said mortgage debt, and, no~ leu than ten (10) days in advance of the expiratio~ of exh pol~cy, to d~- livtr to taid MORTGAGEE a ~enewal thereof, togetF~sr with a recaipt for the ptomium of tuch renewal; and Ihe~e shall be no f~re or winds~orm insura~ce pl~ced on any of iaid bvildings, sny intereit therein o~ part tFK~eof, unless in the fum and with th~ lou payatle as •(oreiaid; a~d in the event sny tum of money becomes payable unde~ such policy or policies said MORTGAGEE shall Mw ~he option ~o recaive and epply the ume on account of the indebted- nesf secu~ed hereby or ro permit ssid MORTGAGORS 1o reteive and uts i1 d any part thereof fo? othcr purposrs, w~tlwut th~+eo~ wai~i:.g or ~mpzir- ir?p any equity, lico a righl vndar w by virtue of this mo:t9sgr, ~nd in ~he eve~t uid MORTGAGORS sMll fw any reason f~il to keep the said premi~rs so ' inaured, a fail to de~iver promptly ~ny of said polKies of iniurance to said MORiGAGEE, w fail promptly to pay tutty a~y prem~um therefor or in a~y respect fail M perfwm, discharge, execute, effecl, complete, comply wi~h end abide by this coven~nl, w any part hereof, said MORTGAGEE may p~ace a~~d pey fw such insurance w any part thereof without waiving a affectinp s~y option, li~n, puity, or righl under or by virtw ot this Mwtflaye, and tht f~1~ ~mount of each and every such payment shall be immcdiately due and p~yable •nd shall bear interesl (rom ihe date thereof until paid at the rate ot ni~e per centum per annum ~nd togefhrr with such interesr shall be setured by the tien of this mwtyays. 4. To permit, tommit or ftrifer no waste, impairment or dttcrioration of said propNty ot any part the~eof. S. To pay all and iingulsr the costs, charges and expenses, i~cluding s reasonsble attwney s fee and costt of a5atracts of title, incurred o? paid at any time by uid :NORTGAGEE, because or in the evant ot the failure on the parl of the said MORTGAGOR to duly, promptly a~+d fully pe~(wm, d~xharge. execute, ef(ett, compiete, comply with and ab:de by eech and every the sripulations, sg~eements, ca?d~tions, •nd covenants of wid p~omissory note and ~hii mo~tgage any w e~~her, a~d said cost:, charges and expenses, e+ch and eve+y, ~hall be immediately due and payable; wherhe. or not there be not~ce da ' msnd, attempt to co11ac1 w wit pei+d~ng; and the fvll amo~nt of each and every such p~yment shall bear imerest from the date ~hereof until paid at the rate of nine per centum per annum; arx! all uid costs, charges and expenses incurred or paid, together w~th tuth i~teresl, shall be secured by the lien of th~s mortgap~. ` 6. Th~t in the event of any breach of this Mwtgage or de~a~lt on the par? of the MORTGAGOR, a(b) in 1he event any of sa~d sums of money Ferein refe~red to bs r.ol p~anptly and fully paid within Ihirty (30} days nex~ after the aeme severally becane due and payabte, without demand or notice, c~ W in the evero each ar+d evs~y the.stipvtationt, agreamenrs, condirions and covenanrs of sa~d promissory nme and th~s mo.t8a~e aoy w eiiher ara not ~utY. promptly_ and fully pertocmed, d,scharfled, executed, eiiected. compkted. compiied. wi~h and abided `ay, then in e~ther or any such eveM ~he sa~d ag gregate sum mentioned in said promissory note then remaining unpaid, with interest accrucd, and all moneys setured hereby, ~hall betome due and pay- - able fwthwith, w therea(ter, et the option of said MORTGAGEE, as (ully and comple~ely as i( all of the said sums of money we~e wginally stipulated ro be paid on such day, anything in :a~d prom~ssory nota or in this Mortgage to the comrary notwi~hstand~ng; and ~F+ereupon or thereafter at ~he opt~o~ ot sa:d MORTGAGEE, without not~ce w demand, suit at law or in equity, there(we w thereaftcr begun, may be prosecu~ed as if all moneys secured hereby had matured pr~or to Qs institution. . - 7. That in the event that at the beginn~ng of or st any time pcnding any suit upon this Mortgage, or to fwecbse it, or•ro refam it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having ju~~sd~ction thereof tw the appoinhne~Raf ~ Receiver, such Court shall Forthwith appo]nt a receiver of said mortgaged propcrty all and singular, intlud~ng atl and s~ngular ~he'r~ntorne, prof~ts, issues and revenves from whatever source derivcd, eath and every of which, it being expressly understood, is hereby mortgaged as if specifically set forth ~nd destribed in tFx g?anting and habendum clauxs hereof, ar.d such Receiver shall have all the br~.:; and effecrive fu.xt~ons and powemin a~ywise entrvsted bY.a ~ovrt to + Rectiver, and s~ch appointment shall be made by such Court as an admined eqvity and a ma~ter of absolute r~ght to said-MORIGAGEE, and wi~hout reference to the edequacy or inadequacy of Ihe value of the property mortgaged or to the saivency or insolverxy of said NIORiGAGOR a ihe defendants, and +hat. such rents, profiri, in[ome, issues and revmuss shall be applied by such Reteiver according to the li~n u eq~rity pf said MORTGAGEE ~nd the praclice of such Couet. ~ 8. To duly, promptly and fully perfwm, diuharge, execute, effed, complete, comply wi~h and ebide by each and every the stipulations, agreements, conditior?s and coven~nn in sa~d promissory note and this mwtgage set fwth. 9. Tha~ in the event the ownenhip of tF+e mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the h10RTGAGEE, ib succeuors and assigns, may, w~fhou~ notice to the MORTGAOR, deal with such successor or successor i~ interesf with reference to this mo~tgage and the debt hereby secured in the ~ame manner as with Mortgagor without in any way vitiating or discharging the Mwtgagors' liability herr under or upon the debt hereby secured. No tale of the premises hereby mortgaged and no forbea?ance on the par~ of the MORTGAGEE w its successors cr assigna and no extension of the time fw the payment of the debt hereby seturtd given by the MORiGAGEE or its suctessors w auigns, ahall optrate to re~eax, d~scha~ye, modi(y change a af(ect the orginal liability of the MORTGAGOR herein, either in whole or in part. 10. It is specifically agreed that time is of the esxnce of this contract and that no waiver of any obtigation hereunder q of the oblgatior? st cured hereby shall at any time thereafter be held to be a waiver of the termt hereof or of the instrument secured herby. 11. In add~tion to the iorego:ng monthfy paymeMS of princ'pal and interest required by lhe prpmisscry note secured hereby, mortg3gor covenants and agrees to pay to mortgagee with each monthiy payr:,ent an add~~ional sum estimated by mortgagee to be eaual to 1/12 of the annual cost of the follow- ing: A-All real prope~ty taxes levied or assessed agai~st the above described real estate_ B-Premiums on (ire and windstor,n insurar,ce as herein requ~red to be carried on the imp~0yements situate on the above described premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from t~me ro time deem fit fo carry on the loan secured hereby. Mortgagee shatl trom time to time notify mortgagcr in writing of the amount due and payable Fxreundrr and such sum shall thereupon be due and cayable on the due date of the ~ext monthly payment and exh successive month thereafter ur.til mortgagee shall not~fy mortgagor of a change in such amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance p•emiums. ! -iN WRNESS~NHEREO~~ic6~a~!-HtDRTGAGOR-Ka3-fi~iturtTa s~rhis-fiand and-seaY tfi~day and~earfirsra resaid-- I ; Signed, Sealed and deliv ed in the prexnce of: ~ a~ ~ ~ H (Seap ~ (SeaO ~ ~18t HA~ Sea4 ~ S7ATE Of FlOR10A - R COUNTY OF St~ L{lC~@ ~ ~ . ' ~ Before me perwnally appeared ~CiC Hd~ and ~ Janet Haan his wife, to me well k~own and known to ms to be 1 the individuals desuibed in and who executed the fwegoing instrvment, and acknowledged before me that they executed the same for. }h~,~VipOies x'>' i• t ! ~ rhe.ein expresaed_ Md rhe sa7a JSllet H8~ - ~ w~fe of fhe said Ha~s upon a ss~iratb~NN~ pirvaM ~ examination by me taken separate and aparf from her said huaband, xknowledged to a~d before me that she exetuted said ins~rwnent free~y~c?Zt-~oi~rr ~ taril and withouT an com u~sion, conshainT, a ~ ' Y Y P PP~ / ~ s fear of o~ from her said husband. .,~,,~t . ~ WITNESS my hand and official seal thit ~T4 dsy of t~~= a~~; Q. 14~ ; ~ • ~ . ~ ~ - ~ ; Nota Public in and iw the Sta f Fbr' - , - - My Commission eapires: ' . ~ Return To: , - , " first Federal Savings d~ loan Association _ „ ~ ~ Of Fort Prtrte. ~ort Pierce, florida Tt ~ ~ NOT~Ry pUg~ IC, S 7E o. FLORIOA st LARGE . MY CO'.: L:, . . : . ' •`i F ?n, 1975 eo,e: . ~ ~ i ~ This Instrument Prepared By J~ H. Roberts, Jr. ' ' ~ First Federal Savings & Loan Association F LED AHU RECOR~EO ~n ; ~ of Fort Pierce S~. LUCIE COUMTY LA. L~ ~a ~ R10r3d8 ppCc~ prlTRAS ~ ~ ~ CLERK C~ZCU~j COURT ~ ~a Checked BY ~ RECOQ~ v-R~F1E0 ~ ~ '73 ~ BORK 218 PacE2202 S~ ~e 9 4 iu~ a • - ~ _ - - - - - Gi 7 Y,,. _ z ~ ~ "..~-~se.''~=~`'- ~ -:,-a . ~ ` F-- . ; ;~i"~$ ~'-#i'.v . N m. . ~ ~ . ,5 a,- . - .