HomeMy WebLinkAbout2148 3. To place and cCNinuo~sly Aeep on I:ie bui!dii~gs now or hereahet Si~U11J An said land and on all equipm~nl and persona~,lY covarcd by lhis motlg•
ege, whh all Fvemiv:n: ~h~reon p3;d in luli, fire ins.,ronc~• ;n the uswl srandenl ~ o'i:y form; in a su~n aE,proved by Ihe h10RiGAGEE, and w~nJsioroi
insurance in tha usual stjndard pol;iy form, in a si~~n ay:jva:eJ Ly tha MUn^!-~AGEE, in such com~;any or companies ai Ihe 1.SORTGAGEE may
diroct; and all iire ard wi~~dstonn ins~~rance polit~cs on any of s~id Iwi!.i.' gs, any int~resl therein or 4~ar1 Ihcreoi, in the aggregaie sum a(ores3id or '
in excess ~hereof, sha11 ;ontain tha usual standard n,ottg~9ee c!ause o~ scch o~her c~auss as the /,1o~tyaye~ r~ay requ~r~, makiny ~he los~ und~~ sa,d poli- •
tie1, edch and cv~ry, payab!~ to said ~S10RiGAloEE as its int~•r,st niay app~ar, anil ca[h ancl evcry si~th po!~tr shall be pro~nptly rss 9~ud and deliv~red to ~
any held Uy said hIORTGAGEE es iurther srcuri!y lo sa~d n:ortgage drht, ar.d, no! !ass ~han ten (10) days i:i ad:~nce o( the expirat;on ol c,ch pulicY, to de• -
(iver to said L10RTGF:GEE a renev:al tF,errof, toycihrr ~v~~h a rec_~i~~t for t~: preniiu~n of such rrne.ral; and Ihare shall be no f~re or windstorm insurance
' placed on any of said buiidings, any interest tt~erc~n or parl ~h•~r~~of, unlras in the ionn and v:;th tha Icss (:ayab'C as alwcsaid; and in tF~c avent any svT
of mo~ey beco~yes payab!e under such poGcy or po!~c;as said !~10RTGAGEE shall hav~ ihe opt~on ro rec•_ive and app!y tiie same on account of the indabted•
nesi secureJ hereby or to E+srmit sa~ci MORTGAGOR$ lu recaive and use it or ~ny i~: th•_rnaf ior e:i~rr ~:ul~`t~SPS. \Y+I}l;'iU~ IIl?h U f .Vdr.t:l') ,;r nnpair.
ir.g ~ny equAy~ lien or right undcr or by virWe of th~s mcr:gaye; anJ in thc ever,t sa~d A10R1G~1GOR5 sh~U lor ~ny rc~son fail to kecp Ihe sa~J premises so
insu:ed, ot (ail to deliv:i pro:nptly ~ny of saicl pol~cies of insu:ante to said t.lOR1GAGE[, er fa~l promptly to pay lutty a~iy pre~nium Iherefor or in any -
respeU fail to per(orrn, d~scha~ge, exccute, effect, co~~ipfet~, cc:~ply v:i~h and ahide by ~his toven~~v, or any pari h~reof, said MORTGAGEE may place and
pay for such inw~ance or any f:~rt thereof •.,,;ihout waivin~ o: affecting any option, lien, equ~ty, or riqhl und~r ur by virlue of this Alortgage, and the
full amount o( each and ecery such ~~.,y:nent shail Le i+~~mediataPy d~e ~nd payal:}e an~! shafl bear interest from th~ date thereof until p~id at the rate of
nine par centu:n Fet annu-n and tn~,iieer :cith :~ch i,~t~r~~st .hali ba so:ur:ci I~y the I:en ef th~s mottgage.
. a. ro P~~,,,;r, cemrnit or su(fer n~ ~~asfe, impa~r~,;rnt or ~et~rioration c~ sz~d NroF~erty or any part ihereof. -
5. To pay a!I and singuljr ~ha costs, charges anJ expenscs, incl~cling a rebsonablc aire~ney's fee and costs of abstracls of tiN,e, incurred or paid at
any ti^.e by s3id h10Rll-AG;E, betausc or in 1he event ei th= iallure on tF.e pa~t ot ~ha s~~id AIORTGAGOR to duiy, promptly and fu~ly pcr(orm, d~scharge,
execure, effcU, complete, co:nply v~~th and ab:dc by eacn ar.d rver~~ the'sti~;~!ations, agracments, conditions, and tovenants oi said promissory note an! this
mortgage a,iy or ei~hrr, a,:d sa:d costt, charges and exE-ens~s, each anJ evcry, shail be immediately due and p~yabte; whether or not ~here br not~ce d~ ~
- mar.d, alten;p! ~o coi~cct or suit per~d~zg; and iha (u11 ~~r,ount of each ancl every suth paymem shail bear int~rest i:om the dale thereof unsil paid at fhe
ratr p( n~ne pcr c•_nt.,~n fcr anu:.:n; ~~i;; at: sr.Id ~osts, ch~;7es a,~;: c.~p~~r~s^s uxvned or paiJ, togctii~r w,th w.h intcrest, shall be setured by the lien of th~s .
' mortg~ge. ' .
b. Tha! (a) in thc e~•ent Qf any brea.h of this 1L'.ortgage or default on tLz part ef iL•e A!ORTGAGOR, or (b) in the eveM any of saSd sums of money ~
herein referrrd ~o be not pron;~.,tly and fully µ~id ~v~th~n ih.rty (30) days next att_. ~he sa~ne severally bccoma due and payable, without demand or notice,
or (c) in the event each and every the st~q,vtstf,ns, agrcements, co~:d~+ions and co~enanls of sa d pro•n;scory nme and th~s mortc~age any or ei~her are not
' ~u~y, prem~?tly and iuily p_rfot~ned, d s~!:ar~•~cl, exec~tcd, ~;ieurd, ca~rpleeed, co~,:;,lie:~ v+iii~ and af:~ded ~iy, then in ~;ther or any such event ~he said ag-
- gregate sum mentior.eJ ~n s~:d pron~issory no`e tilen ren:aining unpa~d, w~th intere>t acuued, and aiI monrys securc-d hereby, shall become due and pay
ab!e torthwith, or i}i~re-~(tr~, at the ap`:en of s~id t.!ORTGAG~F, as tully a~~ com.p~riely as ii afl ui the said sums of money ~ccre originally st~pulaled
to be pa:d on wcti dcy, an~thing in s3:~i nror:~;ssn:y no!e or in tfiis l.".ortrqag~ tu rho conirar~, not;,;rhstandi~iy; and thereupon er therealter al the option of
said MORTGAGEE, wvhout notf,r cr dem.ind, ~.u~t u! law ar in eqwly, tha~afu~e ~r themaiten c~gun, may be prosetuted as if all moneys set~red hereby
had matured pnor to ~ts ~nshtulio~.
7. That ~n the eve,~t ~haf a~ the be~inning ot or at any tir~:_ p~nd;rg a,iy su~r u~~on this A!ertgage, or ro foreclose it, or to reform it, or to enforce .
- payment of any cialnu hcr~ur.d•=r. s.~id :t~~CTGi.G:+_ shaif anply to ih•~ Co~:~ l~~v~r.g ju~~sd;ct~a~ ~h•:reof fer the aF•;:ointmenf of a Receiver, suth Court shall
forlh~v;rh ~ppeint a rz~:eiver of sald r.:c••!ga~ed ~:rcE ::r;y~ a~l a::d sir.y-~!ar, int'"3 ny .,;1 an~! s~nyula~ ti:a income, prbf~ts, issues ar,d revenuas f~om whatever
sourcs dc:~'ved, eaci~ and evcry u( ~vh.ch, i~ te;ag ~tipres;:y u:.d•:~s!ocd, is FereL~ n~c~tqa~ed as if spec~fically set forth and described in the granting.and _
habenJum c'avses hereof, anJ su:h_Rccei~e~ si~sil h~:_~ a! the i>~cad and efic~ct;ve (unct.c~~s ,ind po»e~s in anywise emrusted by a Court to a Receiver, and '
suth appointmeiit shail be n:ade by suth Ccurt as a~~ .,cl:~.~thd eq~~;y a~~ci a r~~atter of JJS~~Ui@ r~ght to sa~d MORTGAGEE, and w•ilhcul referente to the
adequa,y er inadetii~aty of tF.e vaiue of ti~_ p~e,.eriy m,crtgegcd o! to !f,_• s~.~~~~ncy ot ~nsolvency o( said 1.10RiGAGOR or the deiendants, and that Such ~
~ reros, prof~rs, i~ucme, issves ar.d rev:nues sha:i be appGed L•y suci~ kecc:ver atiordu:3 to,the lien ~r equity of said /.10RTGAGEE and the ptacfice of suth •
Court.
8. To d~!y, prcm;.tiy and (u!(y perfo-m, di;<harg~, exec~te, effect, co r.p!ete, ce:r,;~I~ v~ith and abide by eacb and every the stipulations, agree~neMS, ~
- . coxlitions and covenants m sn~:i p:omisso~y nete ~::d th:s mor,gaga s_t (orth. •
9. That in the ev~:it th~ o~xnersh:p eF the mortgaaed F renuses, or any p3rt thcreof, L•ecomes vested in a person othet than the 1.10RTGAGOR, the
h',ORTGAGEE,. i's succrssws ~nd assi~ns, ~,.ay, ~tiishout r~t~cc eu tha .!O~TGi~JR, dcai v~rth such successor or successor in interest ~vith reference to this -
mu~igac~~ a~ J tne dect her.~by se.o+ed m the s=me ma:~n,r as tir~th 1.!~~tgagor v~:tho,.t in any way vitiating or discharging the 1.lorigagors' liabiliTy-here- -
unrier er vpon thc d•~::t hc:e:.•y s_:,.•rcd. ~;u s3:a of ti,a j_~r^~~s~~s h:reby ~nortgaced ar.d no forbearance on Ihe part of sne G1pRTGAGEE or its successors
or assigns ar~d no eA;~nSrG~ of the fi;r.> {or rhe cay~r.ent oi the debt h•=reby sea~red g:ven 6y Ihe fhOP,TGAGEE o~ its successors oz assigns, ahall operafe ,
to retease, d,scharge, m.od:fy c`,an~e er af#ect th_ o~iginai liai~:;rty of tne 1.'.OkiGAGOR iiere~n, either in ~vhole or in parL -
10. It is srec~f(caii~ agrced ti;3t ~i~ne is of th: esscnce cf fhis rontract ar,d that no «•aiver of any ob~igerion hereunder or of tFe obligafion Se-
- tvred h~reby s}:a!i a~ any ti,.:.~ tF,;.•ea'tcr 5~ he'.d to be a v:aiver of th~ !erms he:eo! or of Ihe instrumenl secured herby.
. 1l. 1n .-:~d.t:~~ i~re~,i^,.a ~:o::'!:`.' c-3yn~. nis ei };f~:*_;~_I ar.d interes! requ~red by the prom'sscry ro!e scwred hereby, n:ortgagor Covenants y
and agr:~~•s to ~.J'j ~o ;:o.t~ e.,c. ,..,~1, ,r.;:l: ,•n f;.~; ,.r,t a~i ac:: ~ona•. su~, cs.;.>;a!e^ by sne:tgsgee to b_> e:~uaf so 1; 12 of ~Fe annual cost of the fullo~v-
ing: . -
A---A'~I re31 } rcp~ rty tsx;s or assrs~ ..i ~g~;~.~r th-= ~i»;e d_s, ~tt.l r~;l es~at<.
6- Fr:=n;[u:~:s on i~re a~:d w;r.c~sro:n;,;rsvra~:te -s i~ere:n requ;r_d to b~ cr:•c;e:J c~~ tn~ improvemeits s~tuate on the above d~scribed p~emises. , ~
- C-Pr?rii~:~r.s on s~.-i rr~r•:~_ge gu=~~atr ~~sun~rc~ ~s rnertgj~e~ shai; frcr. t'•:e t~ rime deem fit to tarry on the loan secured hereGy. i
R'.ortgaaee sha? f~cn~ ~i•~:e t r-.e nc-!i{v mcrt_,~~~r ~n wr;t~ng ol t};e an.oo^t d;,-a ar.d payab?~ hereundar and w.h su~~ shalt thereupon be due and
psyah!e on tha da!e ci N:= n=x; ;no~+n:, ;.ay~t:.:nt a-7d e~ch sut:ezsi•:e :~-o~th ti~c•re~%t_r ur,fi: mort~acee shall not;fy rcAr1C7a~Ct of a change in wch
a+nour.t. Su.h s~~ms ~1~.a:i Le ;rp;fed 'cy morrg3g:~• re::a•d the f~ay:neni of re~i procerr} taxes, insurance pre:n.ums, and mortgage guaranty insurance
prcmiums. .
_ 1*J ~llT~iE~S ::H_R~OF, the sa~d ;J,~2TG:,:~CR iias nereunto set h:s hs~:d ar.d ;cai the day and year first afor~iaid. - -
5gned, Sealed ard d~'ive~ed in the presence ofc ~ -
- - w _L~~~n it~) ~'~(,121~ ' `
~(Seal)
I - - _~__~~y.~ _ ~ ennis Lamar Hazelli ' ,
, - - - - - ~ / (Seal) . '
~ - ~ - ~ ~ (Seal) ~
- -~-u-r_ - Pamela K. Hazell' f
~ l~-- - (Seaq
STAT~ OF fLORIDA , - ~ ' - j
St. Lucie ss. .
CGUNTY OF - - I •
Befc:e m.e persona',;~ appe~re~ _____________~Qnn1S Lamar HdZi2LI1Qf - and ^
_ _ __~diD21a K._ Hazel l ie f _~;;5 ~vife, to me •.vell knov~n ar.d t~no:rn to me to be
~ the ind+vidua!s d=scr+! eci in a::d v:ho exec~ted tne foregoin~ instwme~t, and zckno.vledged before me 1ha1 they executed tFe same !cr the purposes 4
therein expressed. Aad th~ s,~a. _ Pamela K. Hazellief j
wile of the said D2ATl1S Lamar Ha2ellief - „Po„ a sepa:ate and orivate
examinar~on by me taie~ separare ar.3 apart irom her said husband, acknowledged to and before me that she execu+eJ said instrumeM freefy and volun-
lari;y and v~~tlzoul any ce.npufsion, ccnslraint, ai prehens:on~ f~ar of or from h~r said husband. ~
LYITt:ESS my hard ard ofGcFat seal th:s__ l da of ridy 7S '
. . _ Y A. 0. 19 j
! . f
i1lED K!~D ~ - ~..L
~
I~ - • ST.:UGI[ ~ JkTY F~p_N~la~y P„biic in a for e Stare of Florida at Large
" ~ n''=~ r+~~'?~~S My Comm~ssion e ~resa
I - Return To: CLE~?K ~ii:{;Ulj ~OURT y~s~r,• n~-.l~c. o~ F'.cr7do ot la~e,le
First Federal Savin^ys S Lo3n Assoc~at;on RF = C':, 'r r:z
Of Fo;t Percc. - / hS; C~~~r.:u:en E::~,irec Jvl~• 22, 1977
M~r 10 '75 ~ ~y ~~:_:~~u, ~ ~~,~~~r~
fo.~ P;_:~~. F~~.,;~~ - 3~s PH
- _ f~~~ z,: _
- ~ - ~t~8519 - - . -
. - r , _ ;
' This Instrument Prepared By ~ Gary F . El l~vood ~ - , , ~~.s ~
First Federal Savings 8~ Loan Association _ - - - '
. - of fort Pierce ~ Florida , - ~ ~ - ' - . . ~
~ _ . ~ ` - ti
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Checked 8y ~ . . . - C: _ - . #
_ _ ~ - ` C.- ~
: ~t~^ui(~VV f'AG~~.i~ . , ' ' ~
, ~
r , _ ,
_ ' . l~ ~ ~ ' ~ j
- . _ ' ' " ' _ F