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Home My WebLink About2184 3. To place and cont~nuousiy keep on fhe bvi'd+ngs now or hrrzafiar ~~~uate on said land and on a:i eq:,Ipmrnf a~d pena~a~ly covercd by this mortg- sg~, w~~h all prrmiums thrreon pa~d in fuil, f'ue insurante in the usua~ standard po!ity form, in a s~m approved by ~he MOR+GAGEE, and w~ndstorm Eniurance in ths usua! s~andard poLq io~m, in ~ sum approved by the MORiGAGEE, in such tompany o~ twnpan~es af the MORTGAGEE may diretl; and all fire and w~ndstorm insurance pol~ues on any oi ~a~d bui~d~n9s, ~ny imere~~ tAerein o? part the~eof, in the aggregate tvm atoresa~d o~ in excess thereof, shalt con?ain the usual srandard moregagee dause a iuch orher clause as ~F~e Mo~~gagee may rcqu~re, maMing ~he ~oss under s~od polf des, each and every, payable to sald A~ORTGAGEE as ~ts inrerzs? may appear, and each aod eve~y such poucy s1~aSl be pranpsty ass gned a~d dei~vr~~d +o eny held by sa~d MORfGAGEE as fw~her secwity ~o sa~d mortgage dtbt, and, not tess than ~e~ t~0) days in advar~ce oi rhe expuat~on of edch poGcy, to de- livei to said MORIGAGEE a renewal thereof, toge~her with a receipt fo~ the premivm oi such renewaV; and there s~all be rw fue o~ w~~~dsto~m insuronce placed or? a~y of sald build~~gs, a~y interest therein w pa~~ thereof, unless in the form and with ti+~ loss payable as aforesaid; and in the e~ent any :um of muney Decomes payabte under such policy a pol;cias said MORTGAGFE shall have ~he opt~o~ ro receive and apply tha se~ne on account of ~Ae indaotrd- neas secured herzby w to p~rrmit said MORTGAGORS to retaive and use it w any part the:eof lor other pur~oaes, ~•,;~h,,;~ ~hr.~; ,v.:~.~.~g or u,;ps~r- ing any equ~ty, I~cn w ri9ht undrr w by vinue of this mo:t9age; and in the avent sa~d MORTGAGORS shall far any reason fai! fo keep the sa~d pre~~,isas so inswed, or fail fo det~ve+ promptly any of said polKies of iniurance to aaid MORTGAGEE, o~ fail promptly to pay fu~ly a~y premi~m ~hrrefor or in a~~y resped fail to perfwm, d~scharge, exrcute, eifecl, tm~plete, tomply wi~h and abide by th~s covenant, p any part hrreoi, sa~d MGRiGAGEE may p+ace a~~c pay fw such iniurance or any part theieof without waiving or afiecting any option, lien, equity, o? right under or by virtue of this Mo~tgagr, and ?he fu!I amounl of each aod every such payment shaf) be ~mmediately due and payable and shall bra. interesl f~om the date thereof until paid at the rote ot ni~ie per centum per annwn and to3Nther with wth interest shaii be srcured by the lien of thi~ morigage. t. To permif, tommit w suffer no wasfe, ifnpai~ment o? deteriorafion oi said property or any parl thereof. 5. To pay al! a~d singula. the costs, charges and eapenses, i~clud~ng a reasonable attwney's fee and cosis of absuacts of tiHe, ~ncurred or pa~d at any ti,re by iaid MORTGAGEE, becausa or in ~he event o( the failure on fhe part of the said MORTGAGOR to duly, promptly and fvlly perform, d~scharge. execute, eifep, compkte, comply wdh and ab~de by each and every the stipulatior~s, aqreemenlf, tonditions, and covenants of said promissory note and thfi rnwtgage any or e~~her, and sa~d costs, charges and expenses, each and every, shall be immediately due and payable; whether w not there be no~ice dr mand, attempt to collect or suit pend~ng; and the fvll amount of each and every such paymenl shaH bear interest i~om the date the~eof un~i! paid a? fhe ~.~re o~ ni,~e per cen:um ~.er anncm; end all said costs, c'rurgrs and ex~~se~ incurred a paid, together w~th such iroerest, shaU be secured by the lirn of th~s mwtgage. 6. That (a) in the event of any breach of this Mwtgage w defaull on the part of the MORTGAGOR, or ib) in the event eny of sa:d sums of money herein ~efe~rrd to be not pranpdy and fuliy paid within thirty (30) days next after ehe same seve~ally beco~~e due and payable, w~ihout demand or notice, c- (c) in IAr eveM each and eve~y the stipu:ations, agreomen~s, conditions and covenants ol sa:d promissory note and ~h~s rno~tgage any o~ either are not ~uty, pron,prly arxl fully pe~formed, d:scharged, eaecured. effected, tompleted, comp)ied w~rh and ab~drd Sy, then in e~thrr w any such event the sacd ag g~egate sum men~ioned in said promissoty no~e the~ remaining unpaid, with interest accrued, and all moneys setured Fxreby, ~halt betome due and pay able fortfiwith, or ?hareafrer, at the opt~on of said MORiGAGEE, as (utly and compteiety as if a8 of the said sums of mor+ey we.e org~nally u~pu:ated to be pu~d on suth day, anything in sa:d prom~ssory note or in this Mortgage to the con~rary notwithotanding; and thereupon or thereafter a~ the opt~oo of said MORTGAGEE, without not~ce or demand, suit at law a in equity, therefore or thereafrer beg~n, may be prosecuted as if all moneys secured hereby rtad matured pnor to its institution. 7. Ihat in the event ~hat et the beginning of or at any time pcnding any suit upon this Mortgage, or to fo~eclose it, w to refwm i~, or to enforce payment of any cia~ms hereundrr, said MORTGAGEE shall apply to thr Court havirtg jurisd~ction thereof for the appo~ntment o( a Receiver, such Courf shalt (orthwith appoint a r~eiver of said mortgaged property aN er~d singular, includ,ng a11 and sin~~la~ fhe income, prolds, iswes +nd reren~es irom what@ver source derived, each and every of wh~ch, it beirg expressly understood, is hereby mortgaged as if spec~fically xt iorth and deuribed in the granting and habendum cla~ses hereof, and such Receiver shall have all Ihe b~oad and effective funct~ons and powers in anywise entrusted by a Cou~t ta a Receiver, and s~ch appoinfine~u shall be made by such Court as an admitted eq~ity and a matter of absotute r~ght to said MORTGAGEE, and without reference to the adeyuacy ar inadequacy of the value of the p~oper!y mortgaged or to the sa;vency or ;nsowe:xy ol said MORTGAGOR o~ the defer~dants, a~d that such renrs, protrts, inco~ne, iuues and rerenues shall be applied by such Receiver accordi~eg to the lien or equity o( said MORTGAGEE and ihe practice of such Court. 8. To duly, promptly and fully p~rform, discharge, execute, elfect, complete, comply wifh and abide by each and every the stipuiations, agreeenents, conditions and covenanrs ~n sa~d prort:issory note and this mortgage set iorth. 9. That in the event the ownership of the mortgaged premises, or any pa~t fi~ereof, becomes vested in a person other fhan the MORiGAGOR, the M:ORTGAGEE, its successors and assigns, may, w~thoul ~otice to the A10RTGAOR, deaf w~th such successw or successw in interest with reterence to this mortgage and the debt l~reby secured in the same manner as with hb~tgagor without in any way viGating or d~schargirg the Mortgagors' liabi!+ry htre- under or upon the drbt he~eby secured. No sale of tl~e premises hereby mo~tgaged and no forbearance on the part oi the MORiGAGEE or its successws or a:signs and no extens~on of the time for the paymem of the deb~ hereby secured given by the MORSGAGEE or its successors or ass~gns, anall operate to retease, d~scharge, modify ~hange or affect the original liabiiit~ of the MpRTGAGOR he~ein, either in whole or in part. 10. !t is spec~f;caUy a9reed thaf time is of the essence of this coneract and fhat no waiver of any obligat~on hereunder or of the obligation se- cured hereby shall at any time thereafter be held to be a waiver ot the terms hereoi or of the instrument secured herby. l l. In a3d~t;o~ !o si:e for¢go:ng monthly paymems of princ'pal and interest required by the prom:ssory no~e secured hereb~, mortgagor covenants ar,d agrees ro pay to mo-rgagee .cith each ,nonrh:y pay,aenf an aod~rional sum estin~ated by mortgagee to be equal to l;' 12 of titie annual cost of the fol~ow- ~~tg: A-All real property taxes ievied or assessed agai•~st th~ above described reat estate. B-Pr~n:~u~;,s on fire and windsrorm insuracce as here~n ~equ;red to be carned on the :mprovements siwate on th: above d=scribed pre~rtises. C-Prem;ums on such morrgage guarartry insurai~ce as r»orfgagee tball f~om t;me to time deem fit to carry on the toan sec~red hereby. Mortgagee shafl from time to time notify mortgagor in writi~g of the amount due and payable hereundar and such surn shall thereupon be due and - F.ayable on ihe due date of the next month:y payme~t and each successive month thereaft~r until mortgagee shail notify mortgagor of a change in suth -~-^ount. Such sums s~aN be applied by r. ortgagee toward fhe payment of real proper~y taxes, insurance prem;ums, and mwtgage guaranfy insurance p'emiums. IN Y~lTPJESS '11HEREOF, the said MORTGAGOR has hereunto set his hand and seal tf~e day artd ye~rst afo said. Signed, Seated and detiver in the presence of: ~_~L /f' ~~a~ _ 7 r ,L (Sesn (Sea~) - Ai1I1 M. H~tt ~ (seaq / S TE OF FLORlDA ~ St Lacie courvTV oF • ~ ' BeFore me personatly appeared w1111e3S K• Hitt a~ ~l'!n M. Hltt his wife, to me well known and known to me to be the ~nd~viduals described in and who executed the foregoing instrument, and sdcnpwledged before me that they executed the same for tM purpose~ therein expressed. And the said ~1I1 M• Hitt w~fe of ttie said williata K• H~tt upo~ • iepaiate aod priv~te e~aminat~o~ by me taRen separate and apart from her uid husband, atkrawfedged to and befort me thaf she exetuted said insnu~s~1 ~freely and volun~ rari~y and w~shout any computsion, constraint, apprehpns+on,pr fear of w fryw~k r said husband_ WITNESS my hand and official seai this ~'Q~~ day~of ~C~~ ~ A. 9. 19~ ~ U , otary Public in and ior the St 'Fb ' Lar~ y Commission expires: N~ ~C. p~ ~~tpJ 3~ LA~!('E Return To: y~ (~IM N. ap~R D C First Federal Savings a loan Association ~ ~ r~. '1975 go~AeO Thru Gr~~~~•~~~~p~! jJf1~fl+~~1fl~l. Of Fort P:erce. . For Pirrce, FlorFda FlLEO ANC RECORDEO ~ • ST. ~UCiE COUNTY FIA. 7t' ftOCE~c P~tTRAS 1 I~ ~ CLERK ~t.'.vJl? COURT RECOA:~ YER?f1E0 This Insirument Prepared By R~CYtaYd K. Kayea First Federal Savings 8~ loan Association ~C ~ 9 Zi AN ~~Z of Fort Pierce ~ Flo7c ida Checked By ~ 243102 ao~~~$ ~~8~ Is - - N*' - x ' ~ .4y - - y'. ~ -e~;. ai r. ~ . °~'`~r~'~r ~ ~ . ~ -