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Home My WebLink About1791 3. To place end co~tinuously keep on ~he bui:d~ngs now or herrafrm ~~iuate on sa~d land and on a!; rq.,ip+ncnt +nd perso~ally covered by this mor age, w~th all prem~~ms ~hercon pa~d in full, f~ro ~»surence m ~he us~ai ste~fje~d po!~cy form, in a sum aHp~o+ed by tha MORtvAIiEE, and w~ndi~o ~nsurance io the usual s+andard pol;cy fo~m, in ~ sum appro~ed by ihe MORTGAGEE, in such company or comFan:es as the AtpRiGAGEE m d~tKl; and all (ire and windarorm inw~ante po~~urs on any of s~id lwitdugs, any intrraat iherem or pa~t thcrrof, in the agg~ryate sum aioresaid in excess Ihereo(, thall contain the usual atandard mor~g~gee c~ause or s~ch other ~I~u~e af ths Mortqagee may req~~rs, making Ihe toss wxlrr sa~d po Nes, each and every, pa~ab!e to sa~d AIORTGAGEE a~ ~ts inecrzst may apprar, and each and e.•e~y suc~ po!~cy sh~fl be pro'nptiy ass g~~ed a~~d de~~Ya~ed ~ any held by sa:d h10RTGAGEE as fwther srturity to sa~d n:or~gage debt, and, nof le?s than ?en (t0) deys in advance of the expirauon of each pot~cy, to d. Gver to sa7d MORTGAGEE a renewal therrof, ~oge~her w~~h a rece~pt for the prrnuum o( such re~ewal; and ~hrre ah~il be no f~re or w:~~dsw•m inwranc placed on any oi said build~ngs, any interest there~n w part rhereof, un!ess in ~he fo~~n and w~~h the Ioss payatle as aforesa~d; and in the e.ent any sun of money bccomss payable undr~ such policy o~ pol~c~es said MORTGAGEE shall have ~he opt~on to recaive and app!y the same on accuu:v ol ihe indrbs~•d ness aKUred heieby W f0 plrmit Said MORiGAGORS f0 rtCeivC and uS! it Or any p,vt the~cOi for otiicr purt oses. ~.~iho.;t th_n u: or e~~p..~' • ing any ~qu~ty, lien or right under a by virtue ot lhis mc:'gage; and in the event sa~d MORTGAGORS shall for ar~y reaso~ fail to krep the sa~d prem~s~s so ~nsured, or fail fo deliver promptly any of said pol~ues oi ins~rance to sa~d MORTGAGEE, a faii promptly to pay fully any prz~niwn the~afor or irt any respect fail ro per(orm, d~scharge, exec~tq eflecl, cornplete, comply wi~h and abide by thf~ covenan~, or any par~ hrreof, s~~d MGRi;,AG[E may p~ace a~d pay tor such insurance or any part theieof w~thout waiving or affecting any option, lien, equ~ty, or right unde~ or by virtue of ~hls hto~tgage, and the ~ full a~nouot of each and ev~s~y such paymem shall be immediately d~e and payable and shall lxar interest from tha data thereot w~til p.;~d at the rate o1 nine per centum per annum and to~ether with such inrerest shau be securad by the lien of this mptgage. 1. To permit, commit a suffer no waste, impairment a deteriorat~on of said property or any pa~t theraof. 5. To pay all and singula~ the costs, charges snd expenses, includ~ng a reasonable attwney's fee and costs of abstracts of tiHe, incuned o~ paid at any time by said MORTGAGEE, brcause w in the event of the fa:lure on the par~ of the said MORTGA~,pR to duly, pranptly and futly perfwm, d~scharge eRecute, eifed, comptete, comply w~th and ab:de by each and every the stipulanons, agreemems, condit~ons, and covenants of sa~d prom~sso:y nate ar.d eh~s mortgage any o~ either, and sa:d costs, charges and expenses, each and every, shall be immed~ately due and payabie; whether a not there be nonce da mand, attempt to collect or suit pend~ng; and the fut! amounl of each and eve~y such paymen~ shall bear inrerest from ihe date thereof until paid at thc rote oi ~~ne per centum per anuu:n; and aIl said costs, charges and eapenses i~curred w paid, together wah such interea~, shall be secured by ~he Gen of th~s mortgage. 6. That (a) in the even? of any breach of this Mortgage o~ dafaull on the part of the MOR7GAGOR, or (b) in the event any of sa:d sums of money herein ~eferred to be not promptly and iutty paid within th~rty (30) days nex~ atte~ the sarne seve~a'Iy become due and payab!e, w;thou~ demend or notice. or (c) in the event each and every ~he stipulations, a9reements, cond~:ions and covenants of sa.d promissory note and th.s mortgage any w either ere no1 ~vly, promptly and iully performed, d,scharged, executed, effected, completed, compi~ed w~rh and ab~ded 5y, then in either w any such event the said ag ~:egate sum mentioned in said promissory note then re~naining unpa~d, with interest accr~ed, and ati moneys secured hereby, ahall become due and pay- ab'e forthwith, w tF.ereafter, at the opt~on of se~d MORTGAGEE, as folly a~x) completely as if aIl of the said sums of money were u~g~nally shpulated fo be pa:d on such day, anything in sa:d pro~nissory note or in this Mortgage to the conrrary notwi~hstand~ng; and thereupon w thereaiter at the opt~on of sa;d MORTGAGEE, w~thout norice or demand, suit at law a in equ~ty, therefore w Ihereaiter begun, may be prosecuted as if all moneys secu?ed hereby nad matured pr~or to ~ts ir.stitution. 7. That in the event that at the beginning o~ or a~ any time pending any su~t this Mo~tgage, a to foreclose it, or to reform it, or to enforce payment of any ciaims hereunder, aaid MORTGAGEE shall apply ta the Court hav:r.g ~ur~sd:ct~oo ~hereof for'the eppo;otment of s Receiver, such Coun ahall fo.rhwith appoint a rece~ver of said mortgaged property a:l and sing~~ar, includ~ng al~ and s~ng~~ar the income, p~of~ts, issues and revenues hom whjtever source derived, each and every of wh~ch, it being expressly undersrood, is hereby mor~gaged as if spec~ficaily xt fwth a~d desc.ibed in ~he gran~ing a~d habendum clauses hereof, and such Receiver shall have all the broad and effect~ve funce,ons and powers in anyw~se entrustrd by a Cou~t to a Receiver, and s~ch appointment shall be made by such Court as an admitted eq~ity and a matter o! absotute r;ght to said MORTGAGEE, and withou? reference to the adequacy or inadequacy of the val~e of the properry mo.tgaged or to the so.vency or ~nsotvency of said MORiGAGOR or the defendants, and that such re~ts, profits, irtcane, -issuef and revenues shall be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the pract~ce of such Court. 8. To du~y, promptty and futly perform, discharge, exec~re, eifect, complete, comply wifh and abide by each and every the sttpulations, agreements, conditions and covenant~ in sa~d promissory note and this mortgage set forth. 9. Tha! in the event the ownership of the mortgaged premises, or a~ry part thereof, becomes vested in a person other than the MORTGAGOR, the M1"ORTGAGEE, its successors and ass~gns, rtsay, wirhout notice to the MORTGAOR, deal wrth such successor or successw in imerest w~th reference to this n,ortgage and the debt hereby setured in the same manner as with Mortgagor witho~t in any way vitlating w d~xharging the Nlortgagori liability here- vnder a upon the debt hereby secured. No sale of the prem~ses hereby mortgaged and no forbearan~e on the part of the IdORTGAGEE or its successors cr ass~gns and no exrension of the time for the payment of the debr hereby secured given by the MORTGAGEE or its successors or ass:gns, a~iall operate ro release, d~scharge, modify change or affect the orig~nal Gao~l+ty of fhe MORTGAGOR here:n, eirher ir. whote or in part. , 10. It is specificatly ag.eed that time is of the esser.ce of th~s contract and thst no waiver of any obligation hereunder or of the oblegation se- cured hereby shali at any time thereaher be he:d to be a waiver of the ierms hereof or of tFx instrument secured herby. 11. In add!tdon to rhe forego ng mo~th!y yaym=nts of princ pal and inierest requ~red by fhe prom ssory nore secured hereby, morrga~or covenants ~~~d agrees to pay ro r:ortgagee v„ith each monthiy p~yr ~ent an add~rional sum es~:n:ared by mortgagee to be eq~al to 1; 12 of t~ie annual cost of the follow- ~ng: A-All real properry tax~s lev~e~ o. a:sessed agai~st th~ above desv~bed reaf estate. ~ B-Prerriums on fire and wlndstorm insuracce as herein requ~red to be carried on the ~m~.roveme~ts s~tvate on the above d:scribed premises. ~ C-Premeums on such mortgage g~aranty ir.aurar:~e as mortgagee shail from t me to time deem fit to carry on the loan secured hereby. ~ Mwtgagee sha~l from rimr to nme norify mortgagcr in writ~ng of the a:roum due and payable hereunder and such sum sh31t thereupon be due and ~ ~ 3~able on the due date of the next monrh!y payment and each s~ccessive month thereaft~~ until mo~tgagee shall not~fy mortgagor of a change in such ~ a-:ount. Such sums sFail be ap~.'ied by morrgagee toward the payment of reat proper~y taxes, insurence prem:ums, a~~d mortgage g~aranty insurance r,+emiums. ; WITNESS WHEREOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day and ye~rst~afo ~a' . € . Si9ned Se~l a del'vered in the presence of: ' t ' ~ : ~ 1 1dID . Oy Y , ~y~ ) ~ ~ Q Q1 (Seaq ~ '3Tiir ey . oy - (Seaq a ; STATE OF FLORIDA ' St . Luc ie u~ ~ couNrr oF 1 Befwe me personatly appeared ~1111818 R. HOy ~ Shitley M. Hoy - his wife, to me wefl known and known to me to be rhe individuals desvibed in and who executed the fwegoing instrument, and acknowledged before me that they axetuted the same for ?he purposes ~ rherein expressed. And the said -r+h> Q~~ M_ HoY n ~ Sz r~ ~fe of the said W i 7 1 i~ R. Hpy ~pp~•'. ~p~~ and privatt 's exam~nation by me taken separa~e and apart from her said husband, acknowledged to and before me lhat she execu!ed ssid irufrument fra~ly and votuo- ra•,iy and w~thout any compulsion, constraint, apprehens~on1,~ ~or fear of a from her wid husband. ; ~ WITNE55 my hand and offi:ial seal thiL TJL day of p,'p, ~q1~_ ~ ~ . . - :6 ~ - Notary Pub~ic in end fw the Slate Fbri¢~,~t tsr~e Retum To: My Comm~ssion ~xP~?ss: ~g ` p~g~~~ST~ ~~RI~ ~ u~E ' First Federsl Savings ~ loan Associat:on ~ ~~M~~E.~-`~T. 25, 1975 il Of Fort P.erce. ~~'s lnsunnce ;;g, - Forf Pier~e, Florida FILEO AND RECOROfO ~ - iT. LUCIE COUMTY FIA. ; ItOCER FOITRAS c This Instrument Prepared By Richard K. Kayes CLERK CI~CiI1T COURT~(` - First Federal Savings & Loan Association RECO~~ vE~IF1E0.~~ of Fort Pierce~ Florida y~~ 10 'i 07 aM ~~Z . ~~p 17NIf - Checked ByI".~-__ 22581'7 ' . _ +3 8!~R+~~VU P~i~~,~ - ,1~ ~ ; , _ - ~ - - - - - - - - - - _ ~ ~ ~ ~ ~ ~ ~ ~'a''~`~t' ~ ~ h r *T a ~ S 4 ~ ~ s. ~ ~ a~ ~r.~~'~.,af:~t,.,~' . . ~:.sR;<~'~u`,,.as'"?v__._ . ,....,..~:.5`^a ~ . . ; _ '°C.~ak'*~rv~'~,