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Home My WebLink About0337 3. To pl~c~ and con~inuou~ly kNp on the bui!dinps now a Mr~aft~r utu~~~ on said land ~nd o~ all equipment ~nd pNSO~ally cov~red by thit mw~p~ p~, with all premi~ms thereon paid in full, (i?a i~lur~ntt ~M usu+~ ~1+ndard po1Ky fam, in ~ ~um ~pproved by IM MORTGAGEE, •nd wind~twm insurant~ in Ihs uswl ~tandard pol~cy fam, i~ ~ sum approv~d by 1M MORTGAGEE. in t~+ch company or companies a~ tM MORTGAGEE may dinctj ~nd all fin ~nd wind~~wm Ieaur~nc~ polici~s on ~ny of aid build~nps, ~ny int~r~~t ~I+~r~in w pa~t thereof, in ~Fw a~qre9~q sum afatuid o~ in ~xcea IMreoi, sMll contain tM wual i~~ndud mat9~ claus~ w ~uch otha claus~ u tFw MortppN may rpuu~. makinp ths lo~~ unde~ ss~d polE cies. each and ~vHY. MYabl~ w iaid MORTGAGEE its in~erest may app~ar. ~nd each and ~vay such policy ~hal1 b~ promptly a~s:9ned +nd delivered to ~ny held by aid MORiGAGEE as (ur~het setv~ity to ~aid matyap~ dtbt, ~nd, not I~ss than te~ (10) days in sdva~ce of tM expiration of ~ach policy, to dr livK to t~id MORTGAGEE a nnewal tMreof, lo~thK with a ~ac~~pt for tM p~~rt+ium oi tuch rs:Nw~lj snd there shall be no f~re o~ w~nds~orm inswance plac~d on ~ny of uid bulldirgf, ~ny inter~tt thtrein or part the~eof, u~leu In ths fam ~nd with 1M lou payabl~ as a(aeuid; ~nd in th~ evtnl ~ny s~m of mon~y becar+~s p~y+ble such policy or policiss aaid MORTGAGEE ~hall h~w dw op~ion to ?eceive and apply the s+me on xcount o( tM irnlebted- n~u s~cur~d hK~by o? b petmit said MORTGAGORS to receiw and ~m H w any pa~t thereol for othcr pwposes, wi~hout ihrrcb~ waiving or ~mpair• inp ~ny puiry, li~n or ~i~ht ue~der w by virtw of this mortpay~j and in the ~ve~+t ss~d MORTGAGORS ~MII fa sny rea~on iai! to keep the ta~d p~emiaes io inwred, p f~il fo deliver promplly ~ny . of 1~1d pOlitiN of insur~nu to sa`d MORTGAGEE, o~ fail promplly to {»y fully sny premium therefw w in ~ny resped fail 1o pafwm, discF?~r~e, ~xecute, e(fecL tompl~te, camply with and abid~ by this covenaN, w any part hereof, said MORTGACaEE may plsc~ u+d paY fw such inw~anc~ o~ ~ny part tMreof witho~t waivinp a ~ffxti~p ~ny option, lien, equity, o~ right vnde~ w by vi•tw of this N~wt~ape. and the full amouol of esch and ewry suth paymsnt shal) be imrnediNely dva ~nd pay+bl~ ~nd sMll ba~r i~terest from ths date tF?ercof u~?il paid at the rat~ ol nine per centum pe~ annum and togethe~ with such i~terest iMtl be satured by the lien of thia mort~ape. 1. To psrmit, commit a suff~r no wasts, impaument o~ deteriaetion of uid property o? +ny p+r1 thersof. ' S. To pay all ~nd sirgulu the costs, cha~qes and expenses, includirg a reason~ble attwneY i fee and co~ts of ab~tracts of t~tle, incurred a paid at any tim~ by iaid MORTGAGEE, becaute or in the event of the failure a+ the psrt of tM isid MORTGAGOR ro duly, promptly snd futly pertwm, d~xharge. execute, :ffan, complet~, canpty with and ~b:d~ by ~ach and every ~he stipulstioru, agreements, co~d~tions, ~nd covenants of said promiisory note a~d thw mort9spe any w ei~he?, and said costs, cMrges ~nd expsnses, each and every. sMll b~ immedi~tely due +nd payable: whether o~ rat ehere be notKe do- mu~d, attempt to colktt or suit pending; ux! tM ful) snaunt of each and every such paymeM shall bear interest from ~he dats thereof w+til paid at the ra~e of ~ine pe? centum per ~nnum; and all said cosb, char9es and expa+us incvrred a paid, togather with wch interest, shall be tecured by the lien of thw mortpap~. b. TMt (a) in the ~ve~t of any breach of this Mw~ys9e w deia~tt on ihe part of fhe MORiGAGOR, w(b) in the event sny o( ~a+d s~ms of mor+ey haein nferred to be not prompNy and (ully paid within thirty (30) ~ays nex~ after the same seve?aily become due and payable, without demand or notice,' or in tM eveM eacA and every the stipularions, ~greemtnts, conditions and covcnanb of sa:d promissory nole and th~s mo.tgaqe any or either are not iuly, pranptly aed fuhy perfwmed, d~sch+rged, executed. eifected. compkted, compl~ed wi~h ~nd abided Sy, then in ei~her or any such ew~t ths s~id ag gregare swn menta~ed in s~id ptomiuory note then remaininy unpaid. witA iMerest atuued, a~+d atl moneys setured hereby. shall becorne due and p~y- able fwthwith, 01 tF~lfNffN. at the opt~on of uid MORTGAGEE, a: fvlly snd complete~y as if all of the wid svms of money were api~ally stipulated to be paid on such day, anything in sa~d prom;uory note or in this Nbrt9age to the contrsry notwithstsnding; a~d thereupon or thereafter a~ the option of said MORTGAGEE, without no+ice w demand, suit at law o~ in eqvity, ther~fwe or thereafrer begun, may be proxcuted as if all moneys secured hereby hid ~rNtu~!(~ p?~Of to in iMlitution. . 7. Th~t in ths event that at the beginning of or at any tims pending +ny wit ~pon th;s Mortgage, w to fweclose it, or to reform it, a to enforce payment of a~y claims hereunder, said MORTGAGEE shall apply to the Coun having jurisdiction thereof (or the appointment of a Receivtr, s~ch Court shall fathwith appoiM a receiver of said mortqaged praperty all and ainpulu, includ~ng al! and ainyular the income, p~ofits, issues and revenues from whatever wurce derived, each a~d every of which, it beiny expressly understood, is F+e: _by mortgaged u if specifically set futh and dewibed in the g~anting snd habendwn cla~ses F~eof, arid such Recaiver shall Mve ~II the bro+d and effective funct~a~s and powers in snywise entrusted by a Covrt to ~ Receiver, and wch appointment shall be m+de by wch Court u an edmitted equity and ~ matter of abwlute right to said MORTGAGEE, and without reference to the sdequscy or in+dequacy of tha valoe of the property mwtgaged o~ to the whrency o? insolvency of said MORTGAGOR p the defe~danb, and tMt svch .ents, profifs, i~come.-issues aod revenues shall be spplied by s~?ch Receiver accordinp to tM lien w equity of said MORTGAGEE and ~he practice of such Court. - _ 8. To d~Fy, promptly +nd futly perform, discharye, execute,.effecf, complcte, oomp~y with a~d abide ~y each and every 1he stipulations, agreements, conditiwa and covenanti ~n said promissory not~ uk! this mortgage set fwth. - 9. That in the evenf "the ownership of tha mwtga9ed premises, a a~y part ihereof, becomes vested in • penon othe~ ihsn the MORTCaAGOR, th~ MORTGAGEE, its svccessors snd auiyns, may, witho~t notice to the MORTGAOR, deal with auch successor or successor in interes~ with ~eference to tha morlgage and the debt hereby sKu~in fhe s+me maru+er as with Morfgsgd without in ~ any way viti~tirg a d~scharg~ng the. Mo.tgagon' liabilify her~- under w upon the debt hereby secured_ No sale of the premises hcreby mortgsged and no forbearance on the paA of the MORTGAGEE w its sy~cessors a sugns and no exten:ion ot the time for the paymeM of the debt hereby secured yiven by the MORiGAGE' o~ its successors or au~gns, shall oplfilt ro release, d~scharye, modify change a affect the aiginal li~bitity of the MORTGAGOR herein, either in whole w i~ part. 10. It is spedfically agreed that time is of the essence of this conlract and that no wsiver of any obligation hereunder w of the obligation se- cored hereby shall at any time thereaftcr be held to be a waiver of the terms hereof or of the instrument secwed herby. . I1. In add~tion to the forego:ng monthly payments of princ'pal and interest required by the prom~ssory note secured hereby, mortgagor covenants and agrees to pay to mortgagce with each mon?hty payment an sddirional sum estimated by mortgagee to be equal to 1/ 12 of the annual cost of the follow- ~ng: A-All real property taxes kvied or assessed against the above deuribed real estate. B-Premiums on fire and windstorm insurance as F~erein requ~red to be carried on the improveme~ts situate oe~ the above desuibed ptemises. C-Premiums on such mortgage guaranty insurar~ce as mortgagee shall from time to time deem fit to p~ry on tFvs loan secured hereby. Matgsgee shall from time to time notify mortgagor in writing of the amount due and payable I~ereunder and such sum shall thereupon be due and payable on the due date of the ~+ext monthly payment and each successive month thereafter vr,til mortgsgee shall notify mortgago~ of a cha~ge in s~ch amount. Such sums sF.all be applied by mwtgagee toward the payment of real property taxes, insurance prem:ums, and mwtgage guaranty insurance i~ Prcmiwns. • ~ IN WITNESS WHERfOf, the ssid MORTGAGOR has hereunto set his hand and seal the day snd yesr first aforesaid. ~ Si ed, Seakd and livered in the presence of: ! ~ . 'r~:~_ 1ji ~ ' q ~ n .v-.~.,~_ ~ n n STATE OF FLORIDA ~ ~ ~ St. Lucie ~ courm oF Before me petsor~slly appea?ed - .Id]a@S H. Hatf ield a~d Suzann B. Hatf ield h~s w;te, to me wei~ knovin, u,a k~aw~ ro me ro b. the i~vidwls described in a~d who executed the fwe9oirg instrvment, and stknowledped before me tMt they executed the same for tM p~rposa r~«;~ e,~„~d. a,a tr~ Suzann B. Hatf ield ~ wife of +~+e .~d Jaaes B. Hatf ield - ` c ex~minatac~ by me tsken separ~te and apa?t from he~ said Fw~ba~d, adcrawledped to and befors mt•that she executed si „ tuily and withovt any compuban, cautraint, ~pprehension~, tor feu of or from her asid husbind. ~ 'r••;.~ i,. i.,`:' ~ $ WITNESS my hsnd and official seal tF~i. ~ LL ~y ~ NOV@ab@t~-,~,:3~4Y` ~ . ~ : ~ ~ . t `+..i( fj / • ..r ~ , . - ~ ~ . Notary Publit in and for • it My Commiuion ~xpites~/~ • ~ Return Ta ~O ~N~~~~ . ; ~y. . ~ fint feder+l Savinps 6 toan Association C ~ • ~ of Fo~+ P~etce. ROCER roI~A~ Fo?t Pierte, flo~ida '~ERK C{11~r'111 ~ *,J,~ . ~ • ~rr. ItECORO VERIFIEO t~~N +~'-`:ti~~'~;'; ~ , t~ ~o io ~ aM ~t . ~ This Instrument Prepared By John W. Co ins First Federal Savings b Loan Association ; of Fort Pierce, Florida ~~~j~'jy ~ Checked By . aoeK 1$$ PACE 337 ~ . ~ " 3( ~ ' ~ w ~ ~ ..Y . . . . _ -a`-9. ~,'-.~v~~n~~sr~ " ~ . °~T' `a'r °x"- „cR-y. _ ~ . _