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Home My WebLink About1123 _ ~ . ~ ~ ~i;~ 3. To piac~ and continuously kesp on the buildings now or M~eaftsr ~itu~te on said I~nd and on al! equipment ~nd p~rwn~~~Y cov~+~d by thi• mon9- p~, with all pr~mivm~ thereon paid i~ full, fire irtau~ence in the usual standerd poli<y form, in a sum approv~d by the MORiGAGEE, ~~d wind~torm Mauranc~ in tive ususl ttandard po~ity form, in e sum app~oved by the MORTGAGEE, in such company o~ tompani~s ef th~ MORTGAGEE m~y dir~ctj ~nd all fir~ snd windsrorm in~u~anca po~kies nn any oi said buila:nqs, any imerest therein or paN tMreof, in tM pg~eg~~~ ~uen afa~esaid or In ~:c~ss tMr~of, shall contsin the usual standard morfgagae clauie o~ ~uch other clause •s th~ Mortgagee may requir~, makiny ths lots ur+der ~a~d po~F , t~et, ~ach and wNy, payeb~~ ro s~id MORTGAGEE as its inrerest may appear, and each and every such po~icy thsll be promptly aa~.gned snd delivered to ~ny held by said MORTGAGEE as further ieturity to said mo~tgage debt, arrd, not lat~ th+n t~n (10) dayi in advance of the expi~-tio~ ~f eech poiicy, to dr liwr to ~aid MORTGAGEE ~ r~newal thereof, toqe~l»r wirh a rece~pt for tha premium of such renewel; end Ther• shall be no firo or windsronn insvronts pl~t~d on any of said buildings, any intereat therein or part fhereof, unles~ in the form and wiih the loss peyable ss aforesaid; and in tht event any •um of mon~y becomN payable under such policy ar policiee said MORTGAGEE shall have the opt~on to reteive and apply the wme on nccount of the indeb!ed- n~ss s~cur~ hsreby w ro permit iaid MORTGAGORS to reteive snd u~e it or rny part thereof for other purposes, wl~ho~t th~~eb~ waiving or unpair- trrp any p~iry, Iltn w right under w by vinue of this mortgage; a~d in the event sa~d MORTGAGORS shall for any reaso~ fail to keep the sa~d prcm~ses so iruvr~d, or fail to deliver promptly a~y of said policies o( imurance to faid MORTGAGEE, or fail promprly to pay fully any Fre~nium tfierefor or in any ?~spect fril ro p~rfwm, disthupe, ex~cute, •ffect, complete, comply wirh and abide by this cove~ant, or any part hereof, said MORTGAGEE may place a~~d p~y fw tucfi iru~rance or ~ny psrt fh~rtof without waiving w affectinp eny option, iien, equity, or right under u by virtus of this Mortgage, and the full amaunt of ~ach and ev+ry ~uch payment ~hall be immediately du~ end payabls and ahall bear intereyt from tM date thereof until paid at the rate oi nine p~r cantum par annum and toge•he~ with such interest shall be secured 6y fhe lien of this mwtyage. 4. To p~rmit, oommil or suffer no wast~, impairment or deterio~ation of said property or any part thereof. ~ S. To pey ali •nd sinyulsr the costs, charges and expenses, including a reasonable attorney's fee a~d costs of abstracts of title, incurred or paid at •ny time by said MORTGAGEE, beceuae or in the event of the failure on the part of the sa~d MORTGAGOR to duly, promptly and fvtly perform, discharge, •xetuts, effecl, tomplete, comply with end ~b~de by each •nd every the stipulations, agreements, tonditions, and covenants of ~e~d promissory note and thi~ mortqaqe •ny or either, and ia~d coats, charges and expense3, each and every, shall be immediately 4ve and payable; whether or not there be r~otice dr mand, attempt to col~ect or auif pend'+ng; and the full an:ount of eath and every such payment shall bear interest from the daia thereof until paid at the rate of nine per centum per eni7um; a~d all said coxti, charges and expense~ incurred w paid, togethar w~th such intartsf, shall be secured by the lien of this - mut~p~• 6. That (a) in the event of any breath of thir Mortgage or default on the part of the M02TGAGOR, or (b) in the avent any of said sums of money hereln referred to be not promptly and fully paid within thirty (30) days next afrer the same seve!ally bacome due end payable, without demend or notice, or (c) ln the event each and every the stipulations, agreements, conditions and covenants of sa~d promissory note and thfa mortgepe any o~ ei~her are not ~uly, promptly and fully performrd, discharged, executed, effected, completed, complied w~th snd abided Sy, the~ in either or ~ny ~uch event the said eq- preqata sum mentioned in said promissory nofe then remaining unpaid, with interest accrued, and all moneys secured hereby, thall become d~e and pay ~ble forthwith, or thereafter, et the option of said MORTGAGEE, as fully and completely as if all of the said sums of monty were originsliy srlp~tated to be peid on such day, anything in said promissory note or in Ihis Mortgage to the controry notwiihstandiny; and thereupon or thereafter at rhe option of uid MORTGAGEE, w~thout notice or demand, suit a1 law or in equity, therefore nr thereafrer begu~, may be prosecuted a~ if ~!I mon,;y secured heroby had m~tured prior to its institution. T. Thet in the tvent that at the beginning of or at any time pending any su~t upon th~s Mortgage, ar to foreclose it, or to reform it, or fo er.force payment of any claims hrreunder, ssid MORTGAGEE shaN apply to the Cauri having jur~sdiction thereof for the appointment of a Receiver, fuch Cou~t ihall forthwitfi sppoint a receivcr of sai~ mortgaged proparty all and sin9uler, includ~ng all and singuier the income, profits, issue~ and reven~es from whatever wurte darived, eath snd every of wh~ch, it being express~y understood, is hereby martoaged as if spec~fitally stt forth and described in the yranting and habendum clauses hereof, and such Receiver shall have all the broad and effective fun:t~ons a~d powers in anyw~se entrusted by a Court tp a Receiver, and such appointment shall be made by ~uch Court es an sdmitted equity and a matter ot ebsolute right to said Md7RTGAGEE, and without reference to ihe edequaty or inadequacy of the value of the property mortgaged or to the soiventy or insolventy of sa~d MORTGAGOR or the defendants, and that such rent~, profi~s, ~ncome, iasues and revenues shall be appl~ed by such Receiver according to the lien or equity of said MORTGAGEE and the practice of •uch Court. 8. To duly, promptly and fully perform, dis:harge, execute, effect, complete, comply with and abide by each end every the stipulations, agreemenis, condition• and covenants in sa~d promissory note and th~a mortgage set forth. 9. That in the event the ownership of the morlgaged premises, or any part thereof, becomes vested in a person other than the MORTCrAGOR, the MORTGAGEE, itt successors and asslgns, may, without notice to the M,ORTGAOR, deal with s~ch •uccexxor or succassor in interest with reference ro this mortgago and the debt hereby secured in the same manr,er as with Mnrtgagor without in eny way vitiating or discha~ging the Mortgagors' liability here- under or upon the debf hereby secured. No sale of the premises hereby moitgaged er.d no forbearance on the part of the MORTGAGEE or its successors or atsigns and no extersion of the time for the payrr,enf of the debt hereby secured g~~en by the MORTGAGEE or its ~uccessors or asaigia, shall operate fo rNrase, discharge, modi4y change or affect tne origina~ Iiab~Gty of the MORTGAGOR here~n, either in whole or in part. 10. It is specifically agreed that time is of the essence of this controct and that no waiver of any obligation hereunder or of the obligation se- ' Cured hereby shaii at any time thereafter be he;d to be a waiver of the terms hereof or of the instrument secured herby. 11. In addition to the forego'ng monthly payments oi princ'pal and inrerest required by the prom;ssory note secured h~reby, mortgagor c6venants and agroes to pay ro mortgagee wi!h each monthly payrnent an add~uc+nal sum estimared by monyagee to be equal to 1 j 12 of tha annual cost of the follow- ing: A-All real property taxes Ievied or assessed againsi ti;c above desaibed ~eal estate. B-Premiums on fire and windstorrn insurarce as herein requ~red to be carried cn the improvemen?s situate on the above described premises. C-~-Premium.s on such mortgage g~aranty i^surar,ce as mortgagee snall fiom t me to time deem fit to carry on the loan secured hereby. Mortgagee sn~ll from time to time notify mortyagr,r in wri+ing of the amou~t due and payable hereundar and such sum sha!I thereupon be due and payable on tha due da!e of the nzxt month;y payrr,~nt ar.d each successive month thereaftcr ~r:til morigagee shall notify mo ;gagor of a change in such amount. Such aums sF.all be applied by mortgagee :or~ard ihe paymeni of real property tax<_s, inaurance prem;ums, and mortgage guaranty insurance premiumi. WI?NESS WHEREOF, tFe sa~d MORTGAGCR has hereunto set his har,d and seal the day nnd ear first afo~ai ' ned, aled d d ivered in~p~yence of: ' 'r (5eal) (Seal) _ ~ ~ _ (5ea q _ (Seal) STiATE OF fLORiDA u. couNnr oF . Sg1 nt Lucie i Before me personally appeared R b~t L. Huteh~.nson end .TnVt!A p. H~stehin9on his wife, to me well known and known to me to be the individual~ described in and who executed the foregoing instrument, end atknowledged Eefcre me *ha+ rhey cxetuted the sam~ for the purposes thare7n expressed. And the •aid_- J0~48 P. Hutehinson wife of the said Robert L. Hutehinson , ypon a seperate and private exemination by me taken separate and apart from her said husband, ackncwledged to and before me that she exacu!ed said iratrLment, freely end volurt- lariy and withovt any compulsion, canatrairt, apprehe~ns~i n,f, or fear of or from her said husband. WITNE55 my hand a~d official :eai this_-/~ ciay af A u9t ,ft C1;..1~~_ W ~J~G ' • 4°~~~~~ otary Public in and for the Stefe°of~rda rt J.s~e r` , y Comm~ssion expires: ~ - t; (~~~y~-~ ' • ~ Return To: ^ V ' First Federal Savings 3 Loan Associa~ A~ EC ~1J Of Fort P~erce. '«W~ O ~ ji( NOTAR~ p~~t~C. STATE of FLOP,IDIt.a; tq~(~F, k~':Rie~ce. Florida ~1Y COhiMISSION E)iPIRES APR,• 2q; 1463 • ^ .`,r:{~;~.... ' '~J~ ~;~lJ I ~ /1i~ ~'V ~ I d ~ ~ : . ~ . ROGE:N i':~ITitAS. CLERK ~ . ST. I.UCIE COUNTY. ~ ~ . • . •'f,_ . FLORIDA - a R ~ ~,~'4 ~ 5 ;r . . . eoo~ ~ ' ~ - - ~ ~ . - - -J~' -