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Home My WebLink About1481 1. To pl~ct a»d tontinvousiy keep on tha bviid~rg~ now ar heresft~~ situ~t~ on said I~nd ~~d on •II equipmeM ~nd p~nonaily rnwt~d by thi~ morrQ- p~, with all p~~miums therwn pa~d in full, fire inturance in the us~al ~tsndard policy form, in • sum approv~d by tM MORiGAGEE, and wi~wtwm {nsurann in 1M utual ~randard policy fam, in a sum approved by ~he MORTGAGEE, in such tompany w comp~nip aa tM MORYGAGEF inay ditsct; and all fir~ and windstorm insurance po~kie~ on •ny of eeid buiid~nys, any i~t*rost therein or part the~eof, in ths aqgrepat~ wm afw~sa~d ur In ~xcea tfiersof, shall contain tha usval standard mortgegve ciause or such other clause es fht Mortgagte m~y requiro, makirp tM los~ und~ sa~d po~i- cies, *ach and ewry, payabl~ ro a~id MORTGAGEE ai its interoat msy sppsar, and each and evrry such polrcy rhall be promptly ~ss:yned and delivared ro ,~ny i»Id by aid MORTGAGEE ~s further secusity to said mortgaqe debt, ~nd, no~ ~+ss thsn ten (101 days in advrnce of the axpirotion of aach policy, to dr (iva to said MORTGAGEE • r~newal thereof, toQeth~r with a receipt for the premium ot such renewa~; and ther~ shall be r+o fire or windatorm iniuranc~ placad o~ ~ny of s~id buildinys, any interext therein or pert thereof, unlass in the form and wlth ehe loss payablt as sfares~id; and in the event any tum of mon~y betomef p+yablf und~r such polity or poiicies uid MORTGAGEE shall have the nption to reteive and ~pply the seme on accoun• of the indsbted- n~sf ~tcured hereby or to p~?mit seid MORTGA(iORS to receive snd use it or any part thereof for other pu+poses, witho~t th~rrbr waivi~ig or unpair- i~p any equity, li~n w right u~de~ or by virtw of this mortgaqe; and in tha event faid MORTGAGORS shall for sny reawn fail to keep tfie s~id premisef to inwred, or fiil to detiver promptly any of said policies af insuronc~ to said MOR?GAGEE, o~ fait promptly to pay fully any premium therefw or in a~y t~sp~ct fail to p~rfwm, discharge, ~xet~t~, effect, complete, comply with and abide by this covenant, or any part hereof, said MORTGAGEE may plate end pay fo~ such insurante or any p~rt th~reof withouf waiving a sffactiny any option, 1»n, equity, or riqhl v~der w by virtue of this Mortqaqe, ~nd the full amo~~t of eath and ev~ry suth payment ~hall 6e immedietely dua +~d p+y+bl~ ~nd •hall bear interest from th~ date thereof until paid at the raPe nl nine par cantum par snnum and together with tuch interest shali be aecured by tha li~rn of this mort9age. 4. To permit, tommit or suffer nn waste, impairment or deterioration af said property ar eny part thereof. 5. To pay all end singular the cosn, thargef ~nd expenus, including a reasonable ettorney's fte end costs af ebstracri of title, tncurred or paid at ~ny fima by said MORTGAGEE, because or in the event of the fail~re on the part of the said MORTGAGOR to duly, promptiy and fully pertorm, d~tcharge. •xecute, effett, tomplete, tomply with and abide by each and every the atipulationa, +greements, conditions, and covenants of said promixsory note and thi~ mwtysys any or sitMr, and uid costs, thargei and ezpenses, each and every, sh~ll be immediately d~e and p+yable; whether or not there bs notice do- m~nd, attempt to collrtt or suit pending; and tha fu~l ameunt of each and e~ery such payment shail beer inttrest from tAe date thereof urt!il paid at tha rote of nine par ce~tum per amium; and all said costs, charges and ezpensci irxurred or paid, together with suth :ntertst, ahell be tecured by the lian of thi~ ITIO('ffli4f. 6. Th~t (a) in the ovent of any hreach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of sa~d sums of mnney hertin referred to be no1 promptly and fully paid within thirty (30i day~ next afrer the same severally become due and payable, without demand or notice, et (t) In the event each and every the stipulat"sons, egreemenTS, cond~tioni and covenente of ~a~d prom~s:ory note and th~s mortgeqe eny or either •re not ~uly, promptly snd fully performed, d~scharged, ezecu~ed, effected, completed, complfed wirh snd abided by, then in either or any •uch avent the seid ~q- pregate sum mentioned in seid promissory note then remaining unpaid, with interesl accrved, end all moneys wcured hereby, thall become due end pay~ ' ~bl~ forihwith, or thereafter, at the option of said MOR7GAGEE, ea fully and completely aa if all of the said sumi of money were original~y stip~latcd to 6~ paid on such day, anything in said promissory note or in this Mortgage ta the contrary notwirhstandinq; and thereupon or thereafter at the option of taid MORTGAGEE, without notice or demand, suit et law or in equity, therefore or thereafrer begun, may be prosecutrd a if all money recured hsreby had m~tured priw to its institution. 7. That in the event that at the beginning of o~ at any time pending any suit upon this Mortgaqe, or to toreclos~ it, or to reform it, or to enforc~ paymtnt of eny tlaims hereundcr, ssid MORTGAGEE shall apply to the Court having jurisdiction thereof for the appointment of a Receiver, wch Court shall forthwith appo~nt a retciver of sai~ mortgaged property all and singular, includ~ng all and singular the income, profits, issuei and revanues fram whatsver wurce derived, each and every of which, it being e~epressly understood, is hereby morigaged as if tpecifically set forth and described in the yranting end habendum clsuses hereof, and such Receiver shall have all the broad and effective funct~ons and powers in a~ywise entrusted by s Court tq a Receiver, •nd such appointment shall be made by such Court aa an admitted equity and a mattxr of ebsolute right to said MOR7GAGEE, and without referente to the sdequacy or inadequacy of the value of the property mortgagrd or to the solvency or insolvency of said MORTG~GOR or the defendants, and that such rants, profits, income, iasues and revenuea ahall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the proctice of such CourS. 8. To duly, promptly and fulty perform, d+scharge, execute, effect, camplete, comply with and abide by each end every the stipulations, agreementi, conditions and tovenants in said promissory nota and this mortgage set forth. 9. Tnat in the avent the ownership oi the mortgaged premisas, or any part lFereof, becomea vested in a perwn other than the MORTGAGOR, the MORTGAGEE, it~ su<cessora and assigns, may, without notice to the A10RTGAOR, deal with such successor or fucceesor in intercat with refer~nte to thia mortg~ge and the debt hereby secured in the xame manner as with Morigagor without in any way vitiating or distharging tHe Mortgagon' liebility hert ~nder or upon the debf hereby secured. No saie of the premfses hereby mortgaged end no forbeerence on the part of the MORTGAGEE o? its successors or essigna end no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or ita succea~ors or assignt, ~hall operot~ fo release, discharge, mcdify thange or affect the original lia6ility of the MORiGAGOR herein, either in whole or in part. 1Q. It is specifically agreed that time is of the essente of this contrac~ and that no waiver of any obligation hereunder or of the obligstion sa cured hereby aha!I at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. Il. In add~tion to the forego'ng mcnthly payments of princ'pal and ~nteiest requ~red by the p~omissory no!e secured hereby, mortgagor tovenant~ and agrees to pay to mortgagee with each monthly payrnent an addiiional sum est~mared by mortgagee to be equa! to 1 f 12 of the ann~al cost of the fotlow- ing: A-All real property taxes levied or assessed agai?st thc above described real estate. B-Prerniums on fire and windsto:m insurance as here~n ~equ~red to be car:ied on the improvements situaTe on thQ above described premises. C-Premiums on s~ch mortgage guaranty insurance as mortc~agee shall from t~me to time deem fit to carry on the loan secured hereby. Mortgagee sha~i from t;me to time natify mortgagor in writing of the amount due and payable hereunder and auch sum shall thereupon be due and payable on the due date of the next monthly payment and each successive month thereafter vntil mortgagee shall notify mortgagor of a cha~ge in such amount. Such sums sF.all be applied by mortgagee toward the payment of real property taxes, insurance prem;ums, a~zd mortgage guarenty insurente premiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seat the day and year first aforesaid. ~~5 flned, 5eal and r~vered in the presence of: ~ - ~ Seal) :r - ' f5oal) (Sesi) _ (Se~q STATE OF FLORIDA ~ Ssint Lucie couNn oF - Befwe me personally appeared LeMar A. Hutchinson and Edna Mae HLltC~"lin'on his w~fe, to me well known e~d known to me ta br tfie individual~ deuribed in and who exacutrd the for oing i trume t, snd acknowledged before me that they exetuted the same for the purpases rn~.~~~ expreseed. And rr~ ~aid E d n a~e e~u t e~i n~ on wife of ths said L8M81" A. HL1tC~l~i1'~QTI _ upon e separefe and prlvete exemination by me taken seperate and apart from her said husband, scknowledged to end before me that ahe executed said instrument freely and volun- tarily and withovt any comp~lsion, constroi~t, apprehenaian, fear of or from her said husband. WITNE55 my hand and official teal this~J~ ~ day af October A p~y 'L'~ ~ 7 ' ~ Not Public in end for the Sfate of Floride at larpe A1y mmission axpires: ,~`e ~?~~Ta " Notary Publte, 3ta~te of 1loritte ~t Carqe First sa ~ ~~~er~o~ F1 a, RE~ORO~~i a e My Commssion Exp;res Aug. 6, 1967 ~ ,,,dS.,; ( {~[Y ~ B~ K 3ond~d By American Surety Co. af N. Y. ~~fort „~iecce, ,~1qrlda~i -Y .wrr!~ ' = : . ` ~~1 • ^ . • ~ . : ~ ~ ' w ~ 'fi5 OCT Z I P~ 3 : 2 2 , - : , ~ . . : : : : ; , . .-.l~ ~ , 1_3~3~ ~ ~3 ~ . _ '~r~ R~GER FO? i RAS CLERK - . . _ ' _ - ST. LUCIE EOUNTY, ~ ~ ~ FL4Rf~A ~ ~ ' ; go~K ~29 2~2 ~ ~ ~ ~ ~ ~ ~ ~ ~