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Home My WebLink About0747 3. To place and contin~ously keep on ths buildin~~ now or hereaft~r ut~at~ on s~id land ~nd on all equipment and personatly covered by this mortQ- ~y~, with sll premiums the~eon paid in f~lt, fire insvrance in ths usual s?andard policy form, in a wm approved by 1he MORTGAGEE, and winditam ~ inswa~c~ in ths uswl sianderd po1Ky fwm, in a sum ~pproved by th~ MORTGAGEE, in s~ch company or companies ~s the MORTGAGEE may c dir~ctj and all tin ~nd w~dsrorm inswa~oe policies a? sny oi ~id butid~nys, any intsrest ~herein w pa~t lhereol, in ths agyregite wm aforeisid ot In ezcess thereof, ilwll tontain th~ uswl tNndard matyaye~ clause a svch othx claute as the Mo+t9pee may req~~r~, making Ihs tou unde? said poli~ ciss, each and wery, payable ro uid MORTGAGEE as its interesl may ~ppsar, and each and every :uch policy ihalt be promptly sss:yned ~nd del~ve~ed to any held by said MORTGAGEE ~s further security to said mo?t~ags dcbL snd, nof leu than ~en (10) days ln sdvance of the expiration of each policy, to da ~ live~ to iaid MORTGAGEE a renewal thereof, toqe~htr with ~ receipt fot IAe premium of s~ch r~newalj and Ihero shall be no firs w wind~torm Insurance ; pl~tad on ~ny of said bvildings, any intereit therein w put the~eot, unless 1~ rhe (orm and with th~ loss payable at afwssa~d; ~nd in the evtnl any sum ~ oi inoney becomes payable undsr such policy a policiei said MORTGAGEE shall hava ~he option to ~eceive and apply the iame o~ +ccount of the indeb~ed- nes~ iecvred hereby o~ to permif said MORTG!!L'-ORS lo reteive snd use it w any part theteof fo~ other purposes, without fh~.eb~ waivi,~g or ~mpair- irg ~ny equity, tien u ripht uoder w by virtue of this mortgape; and in th~ ~vent tsid MORTGAGORS ihall fw any rcason f~i) to keep Ihe said premius so insured, o? f~il lo deliver promptly any of said policies of ins~rsnce to said MORTGAGEE, or fail promptly to pay fully any premi~m thcrefw w in any respect fail to perfam, discl~arge, execute, effeq, complets, comply wirh er~d abide by this covenaM, w ~ny part hereoi, iaid MORiGAGEE may place and pay fw such Insurance or ~~y part thsrcof without watvinp or affectin9 aey option, 1'itn, eqvity, w rigM under w by virtue of this Mwtqape, and the full amo~nl of eath and tv~ry tuch payment sFull bs immedistely dw ~nd payable and shall beu ir.teres~ from the date thereof v~til paid at ths rars ol n~ne per centum per annum and together with such iaterest sfiall be secured by tM lie~ of thii mat9age. I. to permit, commit or wffa no waste, impaimeM a deteraration of ~aid property or any pah thereof. 5. To pay all ar+d tingvl~r the cosri, charges ~nd axpenus, includirp a reasonable attorney i fee aad cos~s of abstracts of title, incur?Qd or paid at sny time by said MORiGAGfE, because or in the eva~t of the fai(ure on the pa~t of ~he said AAORTGAGOR to dvly, promptly and futly perform, dixhsrgs. execute, eFfecf, complete, comply wifh and abide by each and every the stipulatio~a, sgreemenri, condilions, and covenants of wid promi:sory note and this mwtgepe e~iy o? either, and said cosb, charyd and expensei, each and every, shall be immedistely due and payable; whether a not there be notice ds mand, attempt to collect or suit pe~ding; snd ths full amount oi each and every such payment shall bea~ interesf from the date thereof until p~id st 1l~e rate of nine p~r centum per annum; and afl sa~d cosn, cMrges a~d expenses incurred or paid, together w~th iuch imerest, shall be secured by the lien of thi~ rtart~aye. 6. That (s) in the event of any beach of t!?is 1lAortgsQe or default on the part of the MORTGAGOR, a(b) in the event any of sa+d svms of money ~ herein rsferred to be no1 promptly and fu~ly psid within th~rty (30) days ~ext after the same severally become due and payable, withou~ dcmand a no~ice, or in the event each ar+d ever~r the stipulations, agreements, tonditions a~d coven~nts of sa~d p?omiuory note and th~s mortgage any w either are ~?of ! ~vly, prompdy and fully perfonnetl, d~xha~ged, execvted, effeded, completed, complied with a~d abided by, then i~ either w any such event ths said ag~ gregate ium rn~ntioned in said promisxory npte then remaining unpaid, with interest atuued, and all moneys secured Fxreby, shalt betome due and pay- able forthwith, or thereafter, at ttx option of said MORTGAGEE, as tully and completely as if a~l of the said wms of money were w~ginally stipu~ate~ to be pa;d on such day, anything in said promiuory eote w i~ this Mwtgage to the cont.ary notwithstanding; and thereupon a thereafter at the op~ion of said MORTGAGEE, wi~hout not~ce or demand, suit at law or in equity, tixrefore or Ihereafter begun, may be prosecuted as if all moneys secured hereby ~ had matwed prea ro i1s inslit~tion. ; 7. That in the event thst at the beginning of ot at any time pendirg any suit upon this Mortgage, or to fweclose it, or to ~efam it, w to enforte ~ payment of any claims hereunder, said MORTGA6EE shall apply to the Court having jv~isd~ction thereoi ior the appointment of a ReceivN, wch Co~rf shsp f«thwith appoint s receiver of said mortgaged proQerty all and singular, includ~rg ali and singular the income, profits, issues and revenues from wfiatever source de+ived, each and every of which, it beiny expreasly understood, is hereby mortgaged as if tpecifically xt fo~th and described in the granfing and habendum clauses hereof, and such Receiver shall have sll the b~oad and eifective funct~ons and powers in anywise emruated by a Court to a Receiver, and :uch appointment shall be made by such Court as an admitted equity and a matter of absolute rigfit fo said MORTGAGEE, and without reference to the adequscy o~ inadequacy of the value of the prope~ty mortgaged or to the sotvency or insolv~rtcy of said MORiGAGOR or the defendants, and ~hat such renrs, profits, incarK, issues and ~evenves shsll be applied by such Receivcr accwding to the I'~en or equity of uid MORTGAGEE and the practice of auch CouA. S. To duly, prompNy and fully pe~form, diuharge, exec~tq effecl, complete, comply with and abide by esch a~d every the stipulations, agreemenb, conditiona and covenants in sald promissory note and this mortgage set forth. 9. That in the event the ownenhip of the mortgaged premises, or any part thereof, becomes vested in a person othQ~ than the MORTGAGOR, ths MORTGAGEE, its svccessors and auigns, may, without notice to the MORTGAOR, deal with such succeuor or successor in interesi with reference to this mortgage and the deDt hereby aecured in th! same mannor as with Morrgaga w;tFwut in a~y way vitiati~g Or discAarging the Mortgayors' lisbility here- under w upon the debt hereby secured_ No ssle of the premises hereby mortgaged and no fwbearance on ~he part of the MORTGAGEE a ita successon or assgns and no extension of the time fw the payment of the debt hereby secured given by t~e MORTGAGE'_ or its successo~s or auigns, shsll operats to releue, dixbarge, modify change or affect the wiginal liability of the htOR1GAGOR~erein, either in whole w in part. 10. It is speufically agreed that time ia of the esstnce of this contratf and that no wsiver of any obligation hereunder or of the obligatan sr cured he~eby shall at any time thereafier be hetd to be s waiver of the terms hereof a of 1Fk instrument secu~ed herby. 11. In add~tio~ to the forego:ng monthly paymants of princ'pal and interest required by '!he prom;ssory note secured hereby, mortgagor covenants ~ and agrees to pay to mortgagee with each monthty payment an additio~al s~m estimated by mortgagee to be equal to 1/12 of the annual cost of the follow- 'ng: A-All real ~operty taxes levied or assessed against the above described real estate. B-Premiums on fire and windstorm irtsurartce as herein requ:ied to be carried on the improveme~ts situate on the above described prem"~ses. C-Premiums on such mortgage guaranty iruura~e as mwtgagee shall from time to time deem fit to tarry on the loan secured hereby. , Mwtgagee shaft from time to rime notify mortgagor in writing of the amount due and payable Ixreunder and such sum shall thereupon be due and payable on the due date of the next monthty ment and each successive month fhereafier ur.tii mortgagee shall notify mortgagor of a change in such amount_ Such sums sF.a!1 be applied by mortgagee toward ihe paymcnt of real property taaes, insurance prem;uma, and mwtgage guaranfy insurance pr~rniums. . IN WITNESS WHEREOf, ti~e said MORTGAGOR has hereunto set his hand and seal tF?e day and year first aforesaid. ; Sigrxd, Sealed delivered in the presence of: ' ~ ~~c.-~ ' ~~,q ~ C ~ .(Se.~ i i i i STATE OF FLORIDA ~ ' sr . wcie ~ - coun~rr oF ! a~fae ~ u~ Dean J. Hill .~d a~nona r ppea,ed ; Ka?therine C• Hlll his wife, to me well known and known to me to be ~ the individuals described in and who executed the foreyany inurument, end adcnowledged before me that they executed the same for the parpoxs ; r?,H~M exa~,xd. n~a tr,~ ~;a Katherine C. Hill ~ wiie of tF,e sa~d J. Hlll vpo~~A~arsts ~nd.priv~ts ? fami ~ wibthout an ke~ pasa~, and fpa t,from F?er uFd h~sband, adcnawlcdged to and before me that she executed said~,ili~~ym~r?t ~e}rt,pKl volun~ Y Y P~ PPrehenian, a fear of ot from he? seid Fwsband. ;y _•C WITNE55 my hand snd official seal this__ day of J~u r t•••••,~' : . • n . ~ ~ •r`•I : ' V ~ - _ • o ry Public in snd fot the ~Stqe ot flwida ~t la/p~ My Commission expires: ' ' Return Ta • • ~ : ~ : ' Fint Fedeql Savings 3 loan I?ssociafan NOTARY PU3llC~ STATE pf ~ AT~uR~' ' Of Fort P~e.ce. MY C~~AMISSlON EXPIRES' E~'• ~j$ ~ BONDED iHRY fRFD NL p~j~ ~i-T - fort Pierce, flwida ~ , . ~ ~ F!! ED AN~ RECORDEO ~;T. L'JCIE +,OUNTY• ~ - a'~ '7~ ~~.-:t_= ~ This Instrument Prepared By Ri~haZd K. Kayes ~ • ~58,3~0 t First Federal Savings 8 Loan Association 1 U of Fort Pierce~ Florida 4 58 pQ ; ~ y a~a . Checked By l~~ , a1j~~~-;: ::l~~'j~t S ~ ;r~Ci!!T COURT ~ _ DOOK 1~~ ~PAGE ~ ~ - - - - _ _ - , _ . _ ~ ~x ~r•~- ,.r- _ r ~ ~ ~'_.z~ . , t .s-z`, fl,~~~."_ `~"~,~~.'".c~