The URL can be used to link to this page

Home My WebLink About2120 ? 3. To plac~ and continuoualy keep o~ the bui!dings now or hereafter ~iiuete on said land and on +It equiqment and penonally cov~r~d by thi~ monQ~ •qe, w~th •II pr~miumt thcrenn p+id in fui~, fire ins~rance fn tha usval s~andard polity fwm, i~ • tum approwd by the MORTGAGEE, and windstnrm inswsnce i» )hs vswl ttrndard polity form, in a sum approved by tha MURTGAGEF, in ~uch tompany or tompanies ~s the MORTGAGEE may direttj and all fir~ and w7ndstorm inaursnce poticles on any of eaid build~ngs, sny interest therein or part thereof, in tFe ~yg~eqst~ wm ~for~uid or In excet~ tAereof, thali contain tlre usuat standard mo;rgagee c!ause or such ather cleuse as the Mwtgagee may requir~, mekinq tM loss undet ~nd poiM tirs, each and ewry, payahle ta ~+id MORTG.AGEE as ~ts inrere:t may appear, and each and every auch po~~ty •hall be promptly ast:gned and deliv~red to ~y MW by said MORTGAGfE further secuiity to xaid mortga,ye debt, and, not less than tan (t0) days in advante of the expiration of eath policy, to dr liwr to seid MdRTGAGEE ~ r+~ewal thereof, toqethQr wi~h a rece~pt for the premium of such reoewal; end thert shall be no flra or windatorm in~ur~nea pl~t~d on any of said b~ildinys, any interest theroln or par~ thereof, vnless ~n the form and with the loss pay~ble as aforesaid; •rd in the avent any wm of mo~sy becamet payabl~ ur+ds~ such policy or pol~c;es sa;d MORTGAGEE ahnll have the option to receive and epply the same on account of the indebted- ruis s~rtured hereby or !o ~mit ~aid MORTGAGORS ro receive and u~e it or any part thereof for other pu~posea, w~thout thereby waiving or impair- i~y any puity, li~n or right under w by virtue of this mougage; and in the event ~e~d MORTGAGORS shal) for any reason fai) to kaep the said premisei so insured, or fa~l to del~ver promptly ~ny of said policies of insurance to said MORTGAGEE, or fail promptiy to pay ful~y any premium therofo~ or in any ~~spact f~il to p~rfwm, dixharge, •aacute, effect, complete, comply w~rh and ab~de by this covenant, or •ny parf h~reof, said MOitYGAGfE may place and p~y fo? cuch insurMte ar ~~y pirt thereof w~thout weiving ar atfectiny any option, lien, equity, or right unda or by virtue oi thii Monqage, •nd the fvll amount of e~ch end awry wch payment thall be immediately slu~ and paya6te •nd sha11 beer intFrost frpm tlwi data thareof until paid at the rate of nin~ par centum psr ~nnum and topether with tuch interest shaii be sacured by the ~ien of this mori~age. 4. To prrmit, commit or suff~r no waste, impairment o+ deterioration of aa;d p~aperty or eny pa~t t?~ereof. 3• To pay ali and ~inQula~ the ttysta, chsrges and expenses, ir.cluding a rea:onable ettomey's fee snd cast~ of abrtrsett of tit~e, incurcsd or p~id at eny time by said MORTGAGEE, becavse w in the event of the irilure on the part of tha eaid MORTGAGOR to duly, promptly and fvlly perform, discharqe, •xecute, offtet, complet~, compty with and abide by each and every rhe siipulat~ons, ag~eements, condHionf, end cov~~ants of aaid promissary note and thii morfyage any o~ aither, and said coan, charges a~d expenses, each and every, shall be irrmediately due and payable; whether or r.pt there be notite da mand, •ttempt to toltect or s~it psnding; and the full amount of each end every such payment shatt bear interest from fhe date the~eaf until paid at the rate of ntne per centum per ennum; snd all said costs, charges and expenses irxurred or paid, tagethet wlth ~uth iMer~sf, shall b~ ~ac~red by tha li~n of thi~ mortqage. 6. Thst (e) in the event of sny breach of this Mortgage or default on the part of the MORTGAGOR, or (hj in th~ •venf •ny of ~aid rumi of mon~y heretn raferred to ba not prompfly and fully paid within tbuty (30) days nex~ after the same severally becoma due ~nd payable, without drm~nd or notica, Or (t) In the event each and every the sfip~lations, agreements, cond~tions and covenants o` •n~d promissory note and ihi~ mortflay~ any or either ere no1 iuly, promptly and fufly performed, d~scharged, exetuted, effected, completed, compl~ed w~th and abidrd by, then in ~ither w any ~uch svsnt the •aid ~q- yrtgate aum mentioned in taitf promissory note then rema~ning ur.paid, with interesi aarued, and all moneys setur~d hereby, ~hel) betome due end p+y abla forthwith, or thereaftar, ~t ti~e option of said MORiGAGEE, as fully and completely as if all of the •aid svnr of money wera oripin~tly stipul~ted to be paid on such day, anything in sa;d premissory note or in this Mnrtgage to the conrrary notwirhstandiny; and thereupo~ or thereahsr et the option of taid MOR7GAGEE, without notite or demand, ~uit at lew or in equity, therefore or thereafter begun, may 6t prosetuted as if all monayi ~etured henby hed matur~ prior to fts institution. ' 7. That in rhe event that at the begirtning of or at any t7me ~end~ng any su~t upon fhis Mortgaqe, or to fureclo~t it, or to reform it, or to enforc~ payment of any clsim~ herevnder, ~aid MORTGAGEE shall app!y to the Co~rt having ju~isdic~ion theraof for the appointment of • RecQiv~r, ~uch Court ~hall Forthwith sppoint s receiver of sei mortgaged property ait and singufer, indud~ng a~l artd singuler thr income, profits, itsuei and rever~ue~ trom whatav~t w~rce de~ived, each and avery o~whith, it being express~y unders~ood, is hereby mor~gaged as i{ apec~fically iet forth and dettribed in th~ yrontinq a~d habend~m claus'i hereof, snd such Receivsr xhall nave at1 the broad end effert~ve funcf~ons and powers in anywise rntrusted by a Cou~t tp ~ Receivtr, and tuch eppointment thal! be mede by •uch Cou~t aa an ad.m]rted equiry and s mafter of ebsolu~e r~ght to said NSORTGAGEE, and without refennce !o the adequacy or inadequa<y af the vatue af the property mortgaged or to the sc~vency or inso~vency of ~aid MpRTGAGOR or the defend~ntf, snd that such rentf, profits, income, isauet end reven~es shait be appiied by such Re<eiver according ro the lien or equity of taid MORTGAGEE and the pnctiu ot suth Court. 8. 7o duly, promptly snd fu!ly perform, discharge, exe:u~e, effect, comp;ete, comply w;rh and abida by e~ch and every the ~tipulatione, a9r~sment~, conditians and covenants in sei~ promltsory note and ~his mortgage sef forth. 9. That fn the event the owner3hip of !he morigaged premises, or eny pert thereof, btcorne~ veated in • psrson other than tha MJRTGAGOR, th~ MORTGAGEE, ite successor3 and ~seignf, may, without nctice to the MORTGAOR, deal with s~ch tuzcessor or Wtcsisor in inie~e~t with r~ferente to thi~ mortgege and tFe debt hereby secured in the same manner as with Mortgagor with~u* in any way vitiating or discharfling tht Mortpagort' iiebility hera unde: or upon the debt hereby secured. No sale of the Fremises hereby mortgaged and no Forbeerance or the part of the MORiGAGEE or itt succe~sor~ or eesigns and no extension of the time for the payment uf the debr hereoy sec~red g~ven by the MORTGAGEE or ir~ su<cessori ar aseigni, shall operat~ to r~leaK, di~charge, modify cAange or effect the orig~nat liab~liry of rhe ~~AORTGAGOR hcrein, either in whols or 7n pe~t. 10. It is spec'rtitelly agreed the! time is of the essence of lh~s conirad end t6af no weiver of any obligation hereunder or of ths obliyation ta cured hereby shall at any time thereafter be held to be a waivzr oi rhe terms hereof or of the instrument tecured he:by. I1. ln add~ticn to the forego:ng monthly paym_nts of pr~nc'pal and i:,tzrest requ~red by the prom~ssory ne!e sewrod hereby, morigagor townent~ and agrees to pay to morrgagee with each monrhly pay.,.ent an add~rior.al sum estlmated by marrgrgee to he equal !0 1~`12 of the annuel cost of the foHow- ing: A-All reel property faxrs tevieu or assessed against tne ab~ve described real esrate. B--Premiums on fire end wir.dstorm insurar,ce as hereln requ;red fo be tarried on the ~mprovementt situa±e on the above dascribed premises. C-Premiums on such mortgage gua~anty insurarce as mertgagee shaci fro~r r:me to t~me deam fit to cerry on tF.e loan ~ecured hereby. Mortgagee shall from time to time notify mortg;gcr ~n writ~r.3 of rhe arr:ou~t due and payable hereunder end ~uch wm ahe!I thareu~on be due and payable on the due date of the next monthiy payment ar~d each successive month therenfrcr until mertgagee shall notify mortgagor of a chang~ in such amount. Such sums ~hall be applied by morrgagee toward rhz pzymeni of reaf property taxes, insuran~e p:em:ums, and mortqafle quaranty insurance premiumS. IN VYIT~lE55 WHEREOF, the seid MORTGAGOR has hereunto set h~s hard and seal the day and year first aforesaid. SiQ~ed, ea ed an de(iv ~h~presence of: , ~ . ~ - tSeal) (Seal) (S~eaq 57ATE OF PLORIDA ~ € courvrr o~ S~ i.n ~ L•~ic f e ~ ss. Before me personally a~peared Mickey p. Hutehinson end ~F3arbs~ Jane H~tch:nsQn hia wife, to me well known and known to me fo bs p the indlvidual~ described in and who execu•~d the foregoing instrument, end atknowtedged before ma that they executed the tame for the purposes ~ therein exprea~ed. And the :aid ~$2'b&T`& Jane Hutehi.nson wife of the taid ~1C~{Aq p~ HU'~C~']lI'18~T1 upon a separate end privats examination by me taken separate and apart from her said husband, acknovvledged to and before me that she exec~ted said irtstrument freely a~d volvrt- tar;ly snd without any compu!sion, constraint, epprehension, qr fil~ar of or from her aaid husband. Jc~-. L ~ ~ WITNESS my hand and officiai sea1, this_ day of q, D. 19_5~,~_ ~ ~ • .~.Q~i - Notary P~blic in and for the StaTe of Florida at Larpe • . My Comm~ssion expiret: r,j~tary PUb'~C, S'a±e of F~or+da at Large Return 70: ~,1y COmm ss ;r: -x ~ r..s ^:OV. 3, 1955 Firif Fcder~! Savin f L Loan Association R E C a R D E D g ~ Bonded Gy Ameri._~;~ ~urQty Co. Of N. Y. Of Fort P~erce. ."~~~a~ a nT_,__f __~...Q K . . fort Pierce. F(oride ~d , _ 1/ , - /.s ,~~,j~ . . '~5 ~1~IN 2 8 t4 ; 0 ~ . . -r ~ ~ L_ - ~3~~~~~~~ _ _ . ` - ~ ROGEf~ r"v~ i nAS. C~ERK rs , S1". LUC1E COUNTY, ; FLORIDA - ~ ~ ao~c ~ _ , . ~ . s . - - ~