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Home My WebLink About0385 To p1~c~ and contiovousiy keep on rhe bul'J~r,ys oow a Mreaft~. ?7~wa on sacd land ~nd on alt equ~pm~m and person~lly cov~~ed by thii marp~ ap~, wilh all prcmiumf thereon pa:d in futl, fire imu~anc~ i~ ~M uswl •rand~rd poli~y fam, in ~ ~um approwd by tM MORtGAGEE. ~nd wir~storm iniw~nc~ in ~M .uiw1 ~t~ndard pot.cy fo.m, in a sum ~ppro.ed by tM MORTGAGEE, in wcl~ canpany a compan;K a~1+~ MORTGAGEE e+ay d'uKt; and aH (ir• and w;ndsrorm insurante po~~c~es on u~y o/ said b~Wd~~pt, any &~r~rtsl th~rein or p~rt therwf, i~ tht ayyre9Ne w~n ~fa~s~id w M excau the.eof, shall ronra;n MM uaval s»nde~d ma~pa~ claus~ a such o~M~ clauw u tM MortyaqN may requa~, ma~inp ~hs Iou undN sa~d po1F ci~t, ~ach and tvery, payatl~ to sa~d AIJRTGAGEE as i~s iroercil may appea~, ~nd exA and every ~uth pol~cy shall p~ p~omp~ly ass9ned a~d detivcred ro ~ny held by s~~d MQRfGAGfE ai tur~her secu.ity to taid mwtgage dabt, and, not I~u than qn (10) days i~ ~dvance o( tM ~~p~r+~~a? of each policy, to d~ IivM to taid MORiGAGfE a renewal thereof, tope~ht~ with a ~aceipt fW tbt prtmium oi tuth renewal; and there shell b~ no Kre w windsto~m i~suraot~ pl~c~d on any o! said buildinys. ~ny imeretl the~ein w part thereof, unleu in tM lorm uw! with tFw lou payable ai afaesaid: and in ~M evenl a~y sunn of mpney becornes payabte under such policy or poLcie~ uid MORTGAGEE shall Mw ths option to rete~ve and apply ~he same on accouot of the indebted- neu setured hpreby w to permit seid MORiGAGORS to rKeive and uq N p any pa~t thereof for other purposes, w~~hout ~hereu~ waivi~~~ o~ ~mpair- inp any equity, lien or riqht unclrr or by virrus of this mor~Qps; ~nd in tM ~vent ~s~d MQRTGAGORS }hall Ea any ~eason fai) to keep ~he s~ld prem+irs so inw~ed, q fail to detive~ promptly ~ny of said policies oi insurante .to said MORTGAGEE, ot fail prompt~y to pay fully any premium therefor or in anY resped fail ro per(am, d~scharge, e,cecute, effect, canpfete, compfy with and abide by this covenartt, or any pait heieo(, ssid MORTGAGEE may place a~d P+Y fa iuch iraurancs o~ any part ~hereof w;~hout waiving w affectiny ~ny option, lien, eq~i?y, w right unda a by vi~tue of ~hii Mor~gage. and ~he full amount of aach and svery such payment shatt be iaunediately dw and payabie a~d shail bear iroere~t from 1he date thereof until paid at the rate ol nine pe~ ceotum per annum and roge)hrr weth svch interest shall be secured by 1he lien of this mwlgage. 1. To permit, comm;t p suffer no waste, impairment w deterior~tion of said p~operty w any part thereof. S. To pay all and singulsr the costs, charges and expenses, including ~ reaso~abk attwney i fee ar~d costs ot abitracts of title, incurrcd or paid at any time by said MORTGAGEE, because or in the evenf of ~he failu~e on tfx par~ of ~he said ~IORTGAGOR to duly, promprly and futly pe~fo~m, d+xhaage execute, Qftect, tomplete, comply w~~h and ab:de by each and every the stipulations, agreements, conditions, and covenantt af said p~pniuory note a~d this mort9age a~y w eithe~, and sa~d costs, charges snd expenses, cach and every, shall ba immediately due and payable; whether w no~ there be notice de~ mand, attempt fo colkct w suit pend~ng; and the full artavnt of exh and every such payme~t shall bea~ intereit from Ihe date thereof until paid at the rate of nine pe? centum per amwm; a~d all said costs, charges and expenses incurred or paid, togethe? wuh such interest, shall be secured by the lien of thi~ mortysge, 6. Thal (a) in the event of any breach of ~his Matgage w default on the part of the MORTGAGOR, or jb) in the avent any of sa~d s~ms of money herein reterred to be not promptly and futly paid wi~hin thirty (30) days next after the same severaily become due snd payable, without demand or notice, or (c) in the event each and eve.y the stipulations, agreements, conditions and covena~ri of sa~d promissory note and th~s mortgage :ny or either a~e rwf ~uty, psomptly and fully perfo?med, d~sclwrged, executed, effected, completed, complied wiih and abided ~iy, then in e~ther w any such event IAe said ag gregate wm rrKntioned i~ said promissory note then remaining unpaid, with interest accrued, and all mp~eys secured hereby, shall become due and psy~ able forthwith, or thereafter, at the oprion of said MORTGAGEE, a~ fully and completely as if all of the said suma oi mo~ey were originally t~~pulated to be pa~d on such day, any~hing in sa;d prom~ssay note o~ in this Mortgage to the contrary notwi~hstand~ng; end Ihereupon p lhereaftea at the opuon of said MORTGAGEE, without norice w demand, suit at law or in equity, therefore w thereafter begun, may be prosetuted as if all moneys tecured he?eby had ma?ured pnw to ds institution. 7. That in the event that at fhe beginning of w at any time pe~ding any suit upon this Mortgsge, or to fwecloae it, or to refwm it, or to enfo~te payment of any claims hereunder, said MORTGAGEE sha:l apply to the Court havi~g jurisdicrion thereof fw the appointment of a Receiver, such Covrt shal! forthwith appoint a receiver of said mortgaged property all snd singvla~, includ~ng all and singular the income, profits, issues and revenues from whatever source derived, each and every of wh~ch, it being expressly understood, is hereby mortgaged as if spec~fically set fo~~h and desaibed 'm the yranting ~nd habendum clauses hereof, and sucFi Receiver shall have aN ~he broad and effective furtct~ons and powe~s in anywise entrusted by a Court to a Receiver, and s~ch appointment shatl be made by such Court as an admitted equity and a matter of absotute rlgh~ to said MORTGAGEE, and wi~houl reference to the adequacy w inadequacy of the value of the property mwtgaged or to the socvency or insolvency of said MQR7GAGOR w the defendants, ard that such ~ents, profirs. IMOmE~ iuues ansl rovenues shall be applied by such Receiver according to t:M lien or equity of said MORTGAGEE aod the pradice of such COUf1. 8. To dufy, promptty and fufly pcrform, discharge, execute, effect, comp!ete, comply with and abide by each and every the stipulatioru, agreemenfs, canditio~s and covenants in sard piomissory nore and th;s mwtgage set forth_ 9. That in the event the ownership of the mortgaged premises, or any pan thereof, becomes vested in a pe.son other than the MdRTGAGOR, the h10RTGAGEE, its suctessors a~d assigns, may, wri~hout notice to the MORTGAOR, deal with such successw w wcccssor in interest with reference to thia mortgage and the debt hereby secured in the same manne? as with Mo~tgagor without in any way vit~ating or dixharging the ~Jlortgagors liability horr under w upon the d,rbt he~eby secured. Np sale of she Fremixs hereby mwtgaged and no fwbea~ance o~ the part of the MORTGAGEE or its successors or assigns and no extensiort of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its succeuors or auigr~, shall ope~ate to release, d~scharge, mod]fy change or affect the or~g;nal Iiab~Gty of the MORTGAGOR herein, either in whok w in part. 10. It is specificaliy agreed that time is of the esxnte of this to~trad and that no waiver of any obiigation hereunder w of the obl'gaYan sr cured hereby shall at any Time thereafter ~e held to be a waiver oi the terms hereof or ot the instrument sec~red herby. 1 i. In add,tion to the fore~o-ng month;y paymenss of princ"pal and interest required by the promissory nore secured hereby, morfgagw covenanis and agrees ro pay ro mortgagee with each monthiy payrnem an addaional sum esnmated by mortgagee to be equai to 1 i 12 of the annual cosf of the follow- ing: ' A-All real ~operty taxrs levied or assesseci agai+~st th~ above described reat estate. B-Premlvms on fire and wiadstorm insuraace as herein requ;red to be tanied on the improveme~ts situate on the above described p~emises. C-Premiums on wch mortgage guaranty insvra+~ce as mortgagee s~atl from t~me to time deem fit to carry on the loan sewred hereby. Mortgagee shall 4rom time to time notify mortgagor in writing of ihe amount due and payable.hereundrr and such surn shall thereupon be due and payable on the due date of the nexf month!y paymem and each successive month thereafter ur,ti! mortgagee shall notify mortgagor of a change in such a~•,oum. Such sums sF.a:l kie app:ied by mwtgagee toward the payment of reai property taxes, insurance prem:ums, and mortgage guaranty insurance premiums. IN-4YITNf$5 WHERfOF, e sa~d MORTGAGOR has hereunto ut his har.d and sea) the day and yea rst afor ~5' rx fe d di 'ver ' the presence of: \ +n Arl P. Ha h a~ al) ~ Nancy . atch ~~~n STATE OF FLORIDA ~ COUNTY OF SL. L»C1Q , Before me personally appea?ed Arley P. Hatch Nancy B. ~tCt1 his wiie, to me well known and known to me to be the individuals descr~bed in and who executed the fwegoing instrument, and acknow{edged before me that they executed the same io? the pwposes therein expressed. And the uid Nattev R_i~tr_h wife of the said Arlo~~af~h upon a 1e !r~ private. exam;nat~on by me taken separate and apart from id hu acknowledged to and befwe me that she executed said instru~~elely antf~v9lun- rarily and without any compulsion, constraint, appr i of~~of w from her sai band, v ~J i ~ i ~ WITNESS my hand and officlal seal thi day of t1 a. ~~~p.' Tq . i N ary Pubfic in and for the Sta1 f416rid~dt L+pe v:~_ My Commission expires: ; v~ • / ~ q - Return To: ~ ~ ~ , e~ r ~ First Federal $avi~gs 3 loan Associat~on ' ~ Of Fort P;erce. NOTARY PU"'Ir,~TA7E o' F1~RI~;A at CJ~f •4~,~` For: Pierce. Florida C ~~Z' :1` ~ ~ F )'F iF:~ . .7, 14}'j, _ y~ . ~.an:ieQ 6 f h•-.: • = jn E:,:.. 7 e 4~~Y.i~ ' ~y\ ~ .'tt!l..:..e Ai.~` ~ w 'Y J. H. Roberts Jr. F~OAhJR~~QRpt0 ~ This Instrument. Prepared By ~ iT.1.liC1E COUIiTY fU, ~ First Federal Savings & Loan Association IIOC~R POITRAS ~ of Fort Pierce ~ Florida CtERR ~I~i,Ult CQURT pECO~CJ Y~P.~f!EO Checked By A OT D~ ` `s'co~ ~1~ PaCE 385 ' ,~5~135 sb ~ ~ ~ ~ ~YSY4 - - - - - ~ ; ,~ry~. - ~