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Home My WebLink About0972 7. To place and cominuously keep on ~he bu~'d~ngs no« a ixrrei~er u?ueta on sa~d land and on ~It equip~nen~ ~nd ptrionafly tovKad by thif mor~¢ p~, with ~II premium~ thereoe pa:d ~n 1ull, Gro ~ns~~ance in ~he u~ual s~andard policy torm, in • sum approvaJ by Ihe MORfGAGEE, and w~ndslam inwranc~ in ~M uwal ~iandard pol,cy lorm, in • ium •pproved by ~hs MORTGAGEE, in tucA company o~ cwnpan~es ~s ~M MORiGAGEE may di~~ch and all fi~e and w~nd~ic.rm i~surance policie~ on any oF taid build~ny~, ~ny inh~eil therein or pa~~ ~hereoi, in IM ayyr~q~f~ tum afaeta'+d or In ~xceu the?eof, shslt contain the usual standard ma~geQee dause w such other dwss as ~he Mwtyages may requ~r~, ma?inp tM loi~ under ss~d po1F ci~s, e~ch and e~cry, payable to said MORTGAGEE ai ~~s imerrs~ may appear, snd each a~d every such pot~cy ~heil be promp~ly ~ss 9~rd a~d de~ive~ed ~o •~y Fwld by uid MORfGAGEE as (unher security to iaid n:or~gage deb~, and, rvor less than een (!0? days in sdvance ol 1Fb e~tAuNion ol each pplicy, to dr liwr to said MORTGAGEE a ranewal thereof, toge~Mr witA a reteipl fot the premwm of iuch .enewal; and Ilwre sMll be no fne o~ windsio~m insuraoce placed on any o4 u~d b~ildings. ~ny inte~est thcrei~ or pu~ thereof, unless in the (orm and wi~h tM loss payabte as afwesaid; and in tM eve~t a~y sum of money becomes payabte undrr auch po!}cy w poGcies ssid MORTGAGEE shall have fhe opt~on to rece~ve and apply ~he same oo sccounl of the i~debted- ness secured herrby a lo permit said MORTGAGORS to.~ece~ve and use it a any part thereof ior oei,~•~ c:u~poses, ~•.~~ho~t th_rru~ warvi~~3 or ~n~pair- ir~ any equity, lien a r~gh~ under o: by virtue of ~his mo:rgage; and in Iha event ~a~d MORTGAGORS shall tor any reason fail to keep ~he said premises so insu~ed, a fail to deliver p~omptly ~~y of said polKies of insurance to sa~d MORTGAGEE, u fail promptiy to pay fully any pre~nium therefor or in a~y respect fail ro pafwm, discharge, e:ecu~e, effect, con,plete, comply with and abide by th~s covenan~, a any part hereof, said MORTGAGEE may place ~nd pay for such inswar~ce w sny parl thereof w~tlwut waiving or afiecting any option, Iien, equi~y, or r~ght u~ider a by virtue oi ~his Mortgage, and the full amount of each a~d every such payment shail be iinnxdiately due and payable and shall bear interest f~wn the date thereof until paid at ~he rate of nine pa~ centum per annum and to~ethr~ w~~h such interest sha7i tx secuied by the Ilen of fbis mortgsge. 1. io permil, tommit or suffer no waste, impairment a deterioration of said property or any paA thereof. S. 7o pay all and sin9ular the costs, charges and ezpenxs, includ~ng a reasonable attwney i fee and costs of abstracts of title, incuned w pa~d st ~ny time by said MORTGAGfE, because or in the evem of the fa~lure on the par~ of the said MORTGAGOR to dufy, promp~ty and ~utly prrform, dixharge, exec~te, etiect, comptere, comply w~th and ab;de by each and every the stipulat~ons, agreements, conditio~s, a~d covenants of uid promissory note and thi~ mortgage any o? ei?her, and said costs, cha~ges and eapenses, each and every, shall be immediately due and.payable; whether w not there be notice da mand, attempt to collect w suit pending; a~d the full amount of each and every such payment shall bear interest from the date thereof until paid at tht rate of nine per centum }•er am~u~~; znd all said costs, charges and expe~ses irxurred or paid, togethet w~th suth interest, shall be srcu~ed by the lien of this mortga9s. 6. Thaf (a) in the erent of any breach of fhis Mwtgage or defautt on the part of the MORTGAGOR, or (b) in the event sny ot ~aid sums of money herein referred to be not promptly a~xl fully paid wilhin thirty l30) days next aftcr the same severatly become due and payabte, without dcYnand or notice, or (c) in the evem each and every the stipulat~ons, agreements, conditio~s and covenants of sald prom3swry note and th~s mortgage aoy w either are not ~uty, promptly and fufly performed, d:scharged, executeel, efletted, completed, complied with and abided yy, then in either a any such evenl the said ag gregste aum mentio~ed in said promissory note then remaining unpaid, with interest acuued, and all moneys secured hereby, shall become due and pay- able forthwith, o~ therea(ter, at the option of said MORiGAGEE, as iutly and completety as if al! of ehe sa+d sums of money were a~ginally stiputated to be paid on such day, anything in sa:d prom~uwy note w in this 1Vlortgage to the con~rary Rotwithstand~ng; and ~hereupon w thereafter a? the option of said MORTCaAGEE, without notice or demand, suit at Iaw a in equity, therefore w thereafter begun, may be prosecuted as if all moneys secured Mereby had marured pr~o~ to its institurroo. • 7. Thal in the event that at the beginning of or at any time peoding any suit upon this Mortgage, or to fweclose it, or to refwm i?, w fo enforce payment of any tlaims he~eunder, said MORTGAGEE shall apply to the Court having ~u~isd:ct~~ thereof for the appointment. of a Receiver, suth ~ourt shall fonhwith appoint a receiver of said mortgaged property all and singular, inctud~ng atl and si~gular the income, prof~ts, iuues and revenues from whatever source derived, each and every oi wh~ch, it being expressly unders~ood, is he~rby mortgaged as if spec;fically sN (orth and described in the g?anting and habendum clavsca-hereof, ar+d such Receiver sFa(I have all the broad and eifective funcr,ons and powers in anywise entrusted by a Cou~t to a Receiver, and auch appointment shalt be made by such Court a: an admitted equity and a matter of absoiute r~ght to said MORTGAGEE, and without refer<nce to the edequacy a inadrquacy of the value of the property mwtgaged w to the ao~vency or ,nsoivency of said MORfGAGOR or the defendants, and that such rents, profits, income, issves and revenues shaii be applied by sucb Receiver accord~ng to the ~ien w equity of said MORTGAGEE and the practice of such Court. . _ 8. To du~y, promptly and futly perfo:m, dis_harge, execute, effect, complete, comply with and abide by each and every the stipufations, agreements, conditions and covenacets in sa~d promissory no:e and th's mortgage ser fath. 9. That in the event the ownersh;p of !he moftgaged prem;ses, or any part thereof, becomes vested in a person other than the MORTGAGpR, the • MORTGAGEE, its suctessors and ass~gns, rnay, v~;thout notice to the MORTGAOR, deat with such suctesso~ w succeasor in interest with reference to this mortgage and the debt hereby secured in ihe same manner as with Mortgagor without in any way vitiating or dixharging fhe Mortgagors' liability hert under or upon the debt hereby sec~red. No sate of tF.e premises hereby mortgaged and no forbea~ance on Ihe part of the MORTGAGEE w its successots or assigns and no exre~s~on of the time for the payment of the debt hereby secured given by the MpRTGl~1GEE or its successws or au~gns, shal) operate ro retease, d~scharge, modiiy change w affect tF~e orig;nal liabitity of the MC~RiC,AGOR herein, either in whole or in part. 10. It is speuiically agreed rhat time is of the essence oi this contraU and that no waiver of any obligation hereunder or of the oblgation sr cured hereby shatl at any time thereatrer be he:d to be a waiver of the te~ms hereof or of Ihe instrument secured herby. 11, In add;t~o~ to the forego ng monthly paymenes of princ paI and interesr req~ired by the prom~ssory ~ore secured hereby, mortgagar <ovenants and agrees to pay to mortgagee w~th cath monthly payrr.ent an add~r~onal sum est~n;ared by mortgagee ro be equal to 1 jl2 of the annual tost of the follow- ing: _ . A-All real proparty taxas levied w ass~ssed agai•:st thc above desaibed real estate. B-Prerniums on fre and w~ndstorm inwr~r.~2 as here~n reqo~red ro be car~ied on ihe +mprovements sirvate on fhe above d^sccibed premises. C-P~em;ums on wch mongaqe gvaranty ir.wra~.te as mortgagee sha~l fro.r. nme to time deem fit to carry on the loan secu:ed hereby. Mortgagee s~ail from ti~re to time notify mortgagor 1n writing of the ar~:ou~t due and payabte hereund~r and such sum shall thereupon be due and Fayabte on the uue date of ~he r.ext monthiy payment and each succesiive month thereafter ur,til morrgagee shall rtot~fy mortgago~ of a chaoge in such a^~ount. Such wms sFa;i t~e appiied by mortgag?e toward the payment of reat p~operty taxes, insurance prem;ums, a~id morigage guaranty insurante premiums. IPf V~ITDJESS VIHEREOF, ti~e said MORTGAGOR fias hereunto set his hand and sea! the day artd year first aloresaid. + ned,,5eated and del' e~ in the presence of: ~ s~ - p Seal) \ ~ Seap - , SeaQ STATE Of FLORIDA ~ COUNiY OF St. Lucie ~ • ! Before me personally appeared - ~.L1~1~1 P~ }~d~~~id a~ Len M~ stf; eid his wife, to me well known a~ known to me to be the individuats descnbed in and who executed the faegoing instrument, and acknawledged before me that they executed the same fat .ths purposes thereio expressed. Md the said j.0'11 M. Hatfi~Id .i.~~~. wife of the sa~d L~1~~' P. Hatfield ~ ~~ate;and private examinat;on by me taken separate and apart from her said husband, acknowledged to and before me that she executed s~id 'uritr~t ~iLllr and volun- tariiy and w~thout any compulsion, constraint, appre ns: n, or ear of w from her wid husband. . i a ti.~ ~ 1 WITNESS my hand and offic~al seal this_ ~C- day of ~?r~ - ~ a. fl. ~9?3 ~ t•: . ~ ~ . Notary Public in and for the Sta'e p ridq at [arge:•~ : Return To: My Commission expires: - _y ~ ~ First Federal Savings S loan Association ~ ~ ~ NOTARY PlJ3I1C STAt~~qj, ~ VY CGS1b'iSSit'Y ~Elfr": c 2t ViRGE ~ Ot fort P;erce. R~25, 197$ Forr Pi~:ce. Florida J~`~i ~3Y ~~"'r~~ SaR:~~ -fS .vutan~o .:o, , . . , ~~,1 a- ?!L 0 AMp RECO~pED This Instrument Prepared By D. F. HOl@Yge= aZ• ~ ~E COUIRY fu- - First Federal Savings & Loan Association ROCER POItRAE ~ . of Fort Pierce~ FlOY~da nE ORD vE~ FiEO CW~T B~~ ~ ~ Checked By , Y.. ~7 It1 ~t1 ~Nf~f / lu A~7 ~ 25U563 ~ - . _ . _ _ ~ ~