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Home My WebLink About0859 . ~ To plac~ ~+~d continvouily k*ep on 1M buildinps now or h~~~aftK situat~ on said land and on ~tl equipmtnt and penonally covK~d by this nart~ p~, with all pr~eniums th~reon pa~d in full, fin intur~~u ie tFv utiwl itandard policy fo~m. ~n • awn ~pprowd by tM MORTGAGfE. ~nd wi~ror~ i~qwanc~ in ~M uswl uandard potrcy fam, in a ~um approv~d by ths MORTGAGEE; in wch twnp~ny w ton,pa~;p ~s tM MORTGAGEE m~y dincft ~nd all fk~ and w~rorm insurae?c~ policiet oo any of s.id bv~ld~nps, any iora.s~ ~Mreia u pan rMnof, ie~ tM ppreyat~ wm ~fw~said or in ~cas thereof, aFwli contain ttM viwl itand~~d mortya~ daus~ a iuch oil?K daus~ as th~ Mo?t9~ en~Y ~equ;n maWp th~ Iws unde~ uid po1F da. ~acl? and ~wry, p+Yabl~ to said MORTGAGEE as ib i~te~eit mar ~ppq~. ~nd e+ch and ewry such policy sMll b~ promptly ~ss:pned and dtlivK~d to ~ny MW by said MORTGAGEE a~ funMr ~ecuriry ro uid mon~~e d~bt, ~nd, ~w I~u than ten (10) d~ys (n ~dvana of tM ~xpiration of ~sch policy, ro d~- liwr ro aaid MORTGAGEE a r~newal thsr~oi, topaM? with ~ recapf fa 1M premivm of wth ren~w~lJ and ~her~ sh~ll b~ oo fu~ w windstwm inswurc~ ~ plaad on ~ny of wid buitd'uyugs, sey interKt tF~~in or p~~t tMnot, unleu in tF~ iwm'and with Ih~ bss payabl~ as atw~iaids +~d in r!w ~ven1 any swn of nwnty becomes pay~b(e w~der wch polky a policies said MORTGItCsEE ihall haw tM option ro rs~iw u~d apply 1M surN on ~aounl o~ 1M ind~bl~d ~ n~tt tecv?~d hKeby p to ptrmit s~id MORiGAGORS to ~eceiv~ ~~d us~ it w any pa?t Ihereof (w other pu~poses, wilhout tl~ereb~ waiving or ~mpair- inp ~ny puiry, li~n or ~ipht unde~ a by virtw of this mortpayei ~nd in ~h~ ~vem uid MORTGAGORS shsll far sny ~eaion fail ro kefp rM said premisa so i~u~nd. O~ I~j) f0 fJfI1VN pranptly a++y of said policies of intunrw to s+id MORTGAGEE. w fail promplly to pay fully ~oy p?emiwn the~efor p in u~y r~~p~ct fail w p~?fo~m, diuhug~, ~xecute, ~ffacl, complat~, comply wirh u~d abid~ by this mvenant, w~ny p~h hereof, ssid MQRTGAGEE may plsc~ ~nd ~ p+Y fo? H+d+ (mur+ne~ or any put tMreof witAout walvinp a aff~etinp +Mr option, li~n, pu+ry, w riphf und~r a by virtw of thii Matyap~, ~eid tM ~ full ~rno~nl of sach and ~vsry wch paym~+?t shall b~ immedi~tety dw and p~yabl~ and aF?sll b~ar intrrest from th~ daN therwf until paid M tM at~ ol nin~ pa aw~tum p~t annum s~d togelher with wtA interest shsll be ucured by the IiM of this Inort~pe. f 1. To p~rmit, comnut or suffer no wssl~. imp~irmcnt a det~.to.arion of aid prop~.ty or any put tl~eof, i 5. To pay ~N and sinp~lar tht.costs, charqes and expenses, includirg a r~asorubls attomsy's fee u+d ooiri of absnac~s of title, incvned w p+id ~t eay time by said MORTGAGEE, becau~ u i~ the tvent of tM failure on the pan of tha said MORTGAGOR ro d~ty, promptly and fully perform, d~scMrg~ e:ecvt~. ~ffM, oomplet~, oomply w~th and ~b~ by esch and every the stip~latioru, agreemcnts, ronditions, and covena~h of said promissory nots +nd thi~ monQaQe ~ny a eithe~, and ta~d costs, ch~~9es and expe~set. sach and every, sMll be immediately dw ~nd p~y~ble: whetMr or ~ot ther~ b~ ~otics dr mand, att~mpt fo cotlect er s~it pending; ~nd tM ful! amo~nt of sach and every wch paymeM ahall bea~ interest f~om tM date the~eoi ~ntil paid at the rare of nine per centum per aenum; arid al! said costs, sluipes and expenses innxred or paid, to~~~her with such inter~st, sha11 bs tetwed by t!w lien of tha ^qrtp+y~. 0. TMt (a) in the eveeH of any b~each of thb MortyaQ~ w de(ault on the part of ths MOltTGAGOR, w(b) in the svent ~ny of ~a~d tuma of mon~y herein referr~d ro b~ oot prompny and fvlly paid within thirty (3p) day~ next afte~ !M same severally become due and p~y~bl~, witho~t demand o? notice, or (c) in th~ ewr~t e~ch a~d ~wry the stipul~tions, ~grea-.enri, condiYans and cove~sni• of uid p?omiuay oote ~nd th~s mat~ape any or eitMr ar~ na1 iuly, prompHy and fully performed, d~sch~rged, executed, effected, completed, compl~ed w~th and abided byr, then in either w any such ~wnf ths said ~ Qrq~M sum msntionsd in wid promissory note then remainirg unpaid, with imerest accrued, and all mooeys secured hereby. ahrll becom~ dw and pay- ~ble forthwith, p thereafter, at tl+e option oi said MORTGAGEE, ~s fully and comple~ely as if ~II of the said wms of nwney were ori~inatly stiputated to be paid on such day, anythirg irt said promiuory note a fn lhis Mortpage to ths contrsry notwithstsnding; and therevpon w thereafte~ af the option of ~ said MORiGAGEE, withoul notice or demand, wit ~t law or io pu;ty, therefwe w tl+ereafter begun, may be p?osecvted ss if dl moneys sacured hereby had matured prior to iri instihrtion. 7. That in the event that at the beginnirg of or at any time pee~ding aoy wit upon this Mwtgsge, w to fweclose it, o? to refwm it, p t0 Mf0?C! ~ payment of any dsims hcreunder, ssid N1pRTGAGEE shall apply to the Court Mving jurisd~dion tl~ereof fw the ~ppantment of a Receiver, such Co~n shall fatFiwith ~ppoiM a roceiver of said mwt9aged properry atl and sinp~Iu, includ~ng slt and airgulsr the income, proFits, iswes and revenues from, wMtever 4 sou?ce daived, esch and evcry of whKh, it beinp exp?culy understood. is hereby mor~gaged u if specificslly set fath a~d desuibed in the gra~tirg and hsbendum clauses hereof, u~d suth Receiver s!?all Mve all the broad ~nd effective functions and powert in anywise entr~sted by a CovA to s Receiver, and wch appoinrment shal! be made by wch Cowt as an edmitted equity and a rrWtta of absolute right ro ssid MORTGAGEE, ~nd without reference to the adeqvscy a in~dequacy of ths value of the prope~ty mortgaged or to tF~e solvency or insolvency of s~id MpRTGAGOR a the defendants, and th~t such renrs, profin, income, iuues and revenues s!?~II be apptied by sudi Receiver accwdiny ro the lien or squity of said MORiGAGEE and ~he pract;ce of such Cowt. • ' 8. To duly, promptly u+d fully perform, dixharge. execule, effect, complete, comply with and abids by each and every fhe stipulstions, agreemenf~. conditions and covenams in aa~d promissory note and this mortg~ge set fath. 9. That in tfie event the ow~e.ahip of tl~e mortgsyed premises. or any part thereof, become~ ve~ted in a penon other ~iMn )he AIIORTGAGOR, the MORTGACsEE, iri wccessora ~nd auigns, may, without notice to the MORTGAOR, desl with such successor a wccessor ir~ interes~ with refercnce to this mort9~ge and the debt I+ereby secured in the same manner as with Mortgagor withoW in any way vitiatiny or discM~ging fhe N4orty~sgors' iiabitity here. under a vpon fhe debt hereby secured- No sale of the premises hereby mortgaged ~nd oo fwbearante on tht paA of ths MORT~'aAGEE or ib successon or +uigns +nd no ex~ension of the time tor the payment of the deb~ hereby ucu?ed given by the MORTGAGEE or its iuccessors or assi9~u, sha11 operat~ ro reiease, d~schsrge, modi{y change er sffett the original liability of the MORTGAGOR hcreer, e;ther in whole a in put. 10. It p specificapy ag~eed t}wt time is of the esxnce of this contract and thst ~o w~iver of ~ny oblgation herevnde~ or of the obliy~tiw~ se- ~ a.red hereby shall at any time thcreafter be held to be a waive? of the terms hereof a of the inst~umeM secured herby. I 1. In add~tan to the forego:ng monthly payments of prioc pDl rnd interest required by the promissory note secured hereby, mortgagor covena~ts and ~grees ro pay ro mortgagee with exh monthly payment an add~riona! sum est~ma~ed by mortgsyee to be eq~al to 1/]2 of the annual cost of the fdiow- 'ng: A-All real property taxes levied or assessed against tF+e above dewibed real estate. B-Premivms on fire and windstwm insurance as herein requ~red to he carried on the improvements sitvate o~ tMe above described ptemises. C-Premiums on wch mortgage guaranty irtswance as mortgsget shsll from time to time decm fit to carry on the (oan secured hereby. ARwtgsgee shall from time to time notify mortgagor in w~iting of the amount due and payable herevndtr a~nd such sum shall thereupon be due and ~ayaWe on the due date of the next monthly payment and each successive month thereafter ur,til mortgagee shall notify mortgagor of a change in s~ch amount. Svch sums shall be appl;ed by mortgagee toward the payment of real property taaes, insurar?ce prem:ums, and mwtgage guaranty insurance pr~miwfls. IN WITNESS WHEREOF, the ssid MORTGAGOR has herevnto set his hand and seal fhe day ear i st ~iwssaid, _ ale and de,~vered i t presence of: . ~ aq . ~ • J r~'q STATE OF RORIDA ~ _ courm of St . Luc i e " r seiore n+e penon+Ny sp~xarcd J. W. Hutchison Blanche Hutchison his wife,-to me well known ~nd known ro me to bs the Individwls desvibed in and vrho exetuted the fweyoing instruma?t, and sduwwledged before me that they executed tM same fw the purposes rherein exp.essed. a,d rhe sa~d_ Bl~n,che Hutchi on wife ot the wid W Hllt hi aon upon • sep~nte ~nd priv~te examinat+on by me taken ~eparafe and apart from F~er said i+usband, aduwrvledgtd to end before me that she executed said inst freely and volun- rarily and w~thout u~y compulsion, constra~nt. ~ppre ioa, feu of or frt•~ her s~id husband. `~~~~~"••ru~~"~~~~~~i WITNESS my Mnd and official seal thi ~y ~ JaI1~1ir J~j([t~d/~~~ 68 < ~ . ,1. i~ i • '~.~a' ~ _ ~ Nmsry Public in and fw tl~ My Commiuion expires: fQ,t, ~ = ~ Return To: 4. : c: = firat Fader~l S~v'uys 3 Losn Associat~on Q ~ Ft~EO AND RECORDED ~ = r~ ~ ~ Of Fort P~erce. ST. LUCIE COUNTY. FIA. ~ NOTAYr ?YiUC~ iTATE ~i' p[.~ ; PorY P7erce, Flw~da F~E:CORD VERfFlEO MY COMMISSION EXPIREg•,OC`~4'~~~)] •t~i?~ 163534 ~oNVSO TMROY6M Fwto w. b~c~~~~~t~ '68 JAN 30 AM Ip : ZO this instrument prepared 6y First F eral Sav. & loan Assn. , ~f F Pier ~~0~~_K rU~TR~S j ~r • CLERK CIRC-,UJ T~ COURT ~-C~O-~~lt~ ~1 ~ 800K 1 ~AGE $c~ . y .L?' ~s~+~ "$~`n~t~".~.~~.~~.~ -w.~^.~-w#' . ~ ~ ~ A<~ - ah,.~y..y;,;-