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3. To plap ~nd conrM~wi,~ly kNp on tM bui~J~np~ oow or Mna(~N ~itu~i~ Ofl Nid IM1d N1d 0~1 ~II pY1p~Mf1t N1d pNfOMI1y tOVN~ by tI1i1 RWf1~
p~, with all pr~miums tF?neon p~~d !n full, fire insvr~~c~ in tM uwal ita~d~rd poticy fam, in ~ sum ~pprowd by th~ MORiGAGEE. ~nd wind~tam
k?iw~nu in tM uswt ~tandard policy to~rn, in a sum approved by iM MORTGJIGEE, In wch canp~nY o? canP~s ~s th~ MORiGAGEE m~y
dincy and all fk~ ~nd wind~wrm inivano~ policias on aoy ot Ni1J bYIWMQs. ~fly {f1iN~f1 tINf~M1 W pYi tI1N~Of, In ~M pprpa~ ~wn ~fa~~aid a ~
In uccea ther~of, shall ca+t~tn tM wwl u~ndud mortp~pe~ ciws~ « s~ch ahw dwa~ a tM Mo?I~ppw m~r ~pvln, nwkM~p M» loss wdM sa~d po1F '
da. ~ach and ~vMr. paYabi~ ro saM MORTGAGEE as in intN~s~ m~y app~+~. ud ~ach and ~wry wch policY ~MII b~ pran~ly aa:~n~d ~nd ddivKtd ro°.~,'
~ny Mld by said MORTGAGEE ~s ivr~FN~ ~eturiry to aid matpap~ d~bt, and, oot I~u ~Mn ten (10) d~ys Io ~dvu~c~ ot tM ~xplration of ~ach pol~cy, ro dr
liw~ ro ~aid MORTGAGEE a r~nswal ther~oi, topaMr with a rec•~P~ fo. ~M p.«++~um oi such an~walr and ~F~u~ ahall b~ oo ~'u~ a windi~wm inwrann ; i~
plaad on ~ny of ~id buildings. any io~erat ~hsr~in ot p~r~ thasoi, uoku in th~ form ~nd with ~M Fass p~yabl~ a~fatsaWr and in tM tvMt ~n~ twn .
of mon~y b~conws payaW~ w+dt? such poficy a policis~ said MORTGAGEE iMtl haw tM optan ~o ~eaiv~ ~nd apply ~f~ sarn~ on account of tM indebt~ ,
n~u ~etw~d Mreby or b permtt said MORTCsAGORS to r~oe9w and us~ N w~mr psrf tMrwf fa oths~ pwpo~«, withouf ~M..b,r w~ivi~p p smpaw•
Irp any pu~ty, ti~n a riqh~ unda a by virtw oi ~his mortpap~j W+d in th~ ~vent ~aid MORTGAGORS sha~l fa ~ny ~~asan fail io kNp tM s~id pranisas so
h?su?~l, w fall b d~live? promptly any of uid FoIK1es of Iniwanc~ to said MORTGAGEE, a hil promptFy to paY fully ~ny premiwn tiwnla a in +ny .
r~sp~c~ fail to psrfo.m, diuhary~, execut~. ~f(ect. complete. comply wi~h uid abid~ by thN oovenW+1, a ~ny put Iw.~of, aid MORTGAGEE m~y pl~u and 2' ~
paY fa auch t~swaoc~ w my paN thereof without waivir,p w aifectinp anY option, li~n, p~ity. o~ r~pht ~nder a by rirtw ot thk Mortpa~. ~nd th~ ~ r
full arno~o~ of ~ach ~nd swry wch payme~t shall b~ immediately dw and py~bla u~d aMll btar intK~st from th~ dat~ therwf w?til paid N tM raq of
nin~ pN untwn pK annum snd tofletla~ with such i~terest shatl be secvrcd by the li~n of this mottyay~.
1. To pKmif, commit or suifsr no waste, knpa~rment a detKiwetion of said p?op~Hy o~ any piA ihenof.
S. To pay ~11 aod slnpulu tFw cosls, ch~ryes ~+d exp~mes, &x~~dinp a nasaubl~ ~ttorewy's f~ ~nd ooits of abatr+cts of Htl~, incurr~d w p~id ~t
any tims by said MpRTGAGEE. because a in tM ~wnt of tF» tailwe on tht put of 1he s~id NWkTGAGOR ~o duly. p.o~y «~d f~iN P..fom~, d~.cti«~ -
execvt~, ~ffetl, complere, comply w~th and abide by ~ach a~d every ths itiputat~ons, ~preaments. conditio~?~ •ed oowe.nn of sad promiuory na• ard ~ba
morty+p~ +ny or eithe~. snd s~~d cosb. chu~es ~nd expen~es, e~ch and rvery, shsll b~ imre~diat~lY dw ud p~y~bl~: wMthN w not tMr~ b~ eatip dr
mand, ~nempt to colkcr or suit pend~ng; and tl+s f~ll an+ounl of each wery' wch psYment ahsl~ be~r inter~st frpn dk dafs tMraof until paid at the
rate oi ni~e pei ctntum ~ annum~ and ali s~id co~ts, charges and expenses incurnd or paid, royethsr with wth intKat, sMl) b~ sKw~d by th~ Iwn of fhs
mortyay~.
6. "~Mt i~ the fvent 6f a~y Fxeach of this Morty~ or defauN on tM p+rt of the MORTGAGOR, or (b) in the ~wnt any of s~id wms of naeKy
haei~ roferr~d to be rat promplly artd f~fly p~id within thirty (30) days next afte? tM same severatty becan~ dw and payablt, withotit demand p notitt,
w(~ In th~ ~we?t each ~nd w~ry tl» itipulations, sgr~ementa. conditiaa ~nd coven~~n of said promiswry not~ u~d this mafQp~ aqr w eithe? ars nol
~uly. promptly snd futly p~rfwmed. d~scharged. ~xecvtcd, ~ifected, compl~rod, canpli~e! with ~nd abided by, tiwe In eitF~e~ a a~+y wd~ ~wM 11» said ~g
pregate'sum mentaned 1n said promissory note ihen remainir?g unpaid, with iNerest ~ccrued. and all rt~oMys tKUrad heteby. thall beeo~n~ dw and piy-
abk forthwith, oi theresfter, at the option of uid MORTGAGEE, ss fully and compktely ss if ~II of the s~ld wms of moMy wer~ oripin~lly stipubtd
to b~ paid on wch day. anythiny in said promiuoryr rate or in this Mortpage to ~he contrary notwifhstandi~g; ~nd th~?~upa~ w thtnafter at tht oplan of
said MORTGAGEE, wirhout notice a demand, w~t af law a in p~ity, therefore or thcreafter be~un, may b~ pos~eyted a N all nwneys ~sard ha~b~Y
had rtNlured p?Wr to iri institufion.
7. That in the event that at the beginning of or +t any time pe~ding any wit upon this Mwfy~, w to fonclos~ h, or fo nforn~ it, p to ~nforp
p~yment of any claims he~evndet, said MORTGAGEE shalt apply ro the Court having jurisd~ttion thereof fw tM tppointmant of a Receiver, wch Court sMll
fwlhwith appoint • receiver of said mortgaged propsrfy all ~~d sirgula~, intlud~ng al! a~d singular the intortk, profits, i~ws ~nd rewnues from wM~ever
sowce dtrived. eath and every of which, it beirg sxpteuly understood. is txreby mwtgaged at if spetifitalfy stt iorth snd dtwibed in th~ ~u~tinp and
habendum dsuses hereof, end such Rece'rver shall have ~II the broad snd efiecrive fuoct~ons ~nd powe~s io anywis~ ~ntn~sted by ~ Court to a Receivar, ~nd
such appointment shall be mad~ by svch Court as an edmirted eqvity and a matter of absolute right to taid 1MORTGAGEE, and withouf reference ro t1»
adequscy or inadequacy of the v~tue of tfie property mortgsged or to the wwency w inwlvency of said MORTGAGOR or tAe defendants, ~nd that wch
~enrs, profin, income, issves snd revenues shall be applied by such Reteiver ascwdiry to the lien or equity oi s~id MORTGAGEE u~d tM practics oi wch
Court.
8. To duly, prompfly and fully periwm, dischar9e; execute, effect, complete, comply with ~nd aWde by sid~ and ewry th~ stipulations„ spreemsnts,
conditions and covenanrs in said promissory not6 and this mortyage set fortF~.
9_ Thsr in tF~e event the ownership of the mortgsged prcmises, or sny part fhereof, tiecomes vested in • penon otMr than fhs MORTGAGOR, ths
MORTGAGEE, iti succeswn and suip% may, wifhout notice to tl+e MOR1GAOit, deal witF~ such successw w wousior in interat with refertnu to this
mwtgsge ~nd the debl hereby xc~red in the same manner as with Mortysyor withoul in ~ny way vitiatieg or distharginp the Morfyayors' liabiliry hera
w,de. w upo~ ~he debt hereby secured. No ssle of ths premises hereby mortgsged and no fwbesrance on th~ parl oi tM MORTGAGEE or ib sucuswn
or auigns and no extension of the time fw the payment of the debt hereby secur~d p'~van b~r tlK MORiGAGEE w iti successors or sss~yns, sh~ll operats
to release, d~xharpe, modify change or affect the wiginal Iiebil~ty of fhe MORTGAGOR l+erei~, eithe~ in wlak or ln put.
10. N is spectiicalty agreed that time is of the essence of this contract a~d that no wsiver of any obtigation herwnder or of ths oblipation se-
cured hereby shall st ~ny time thercafter be held to be ~ wairer of the terms hereof a of the irutrument secured herby.
I1. (n addition te the forego:ng monthly payments of princ'pal and imerest required by the promisswy nole secured hertby, mortgsgot covenanb
and agrees to pay to mortgagee with esch monthly payr:~ent an addirional sum estimated by mortgagee to be eqwl fo 1~12 of the annual cosf Of t1?e f0(low-
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A-All reat property taxes levied or auessed aga~nst the~ above desaibed real estate.
! B-Premiums on fire and windstorm inswance as herein requ;red to be carried o~ the irtrprov~nents-~ituate on fhe sbovt destrib~d pr«nises.
C-Premiums on such mortgage c~uaranty insurar~ce as mortgagee sha~l irom t~me to time deem fit fo urry on the lou~ secured hereby.
Mortgsgee shall from t~me to t~me notify mortgagor in writ~ng of 1he amount due and p~ysble herevnder ~~d :uch wm shall thereupon be due ~nd .
psyable on the due date of the next ~nonthly payment and each successive moNh thercafter u~til morTg~yee shsll notify mortg~gw of s ch~nge in such
I'~ amounL Suth sums shall be applied by mortgagee foward tFx payment of real property taxes, inwrance prem:~mt, ~nd mort~aye yuaranty inwrante
~ premiwns. -
IN WITNESS WHEREOF, the said MORTGAGOR has hereunto sat his hand and seal the day and ear firtt efores~id.
` Sipned, Sealed and deli ed in the prexrue of: _
fli.f0 Alt~- itfC0A0E0
~ iT.1.uCiE Gtri~MTY ~lw. +4 -
~ p~r,LM1 ~~;Tg~g Ati key P. H tchin •
CIERK C~ :~u:1 COURT n
~ R=~,;~ yEF,r~c~ ` ~
E ' _~arbfL J n HL hincnn ,~Nq
STATE OF FLORIOA ~1 ~ 13
~ ~ -
couNnr oF St. Lucie
~ Befae me perwnally appes~ed Mickey P. Hutchinson ~
Barbara Jane Hutchinson h;, w;r., ro w~u w,oM,o a~a k~, ~o m. w b.
the individu~ls described i~ snd who eaecuted the for ~nstrvrnent, and acknow~.d~ed b~fwe ms fhat th~y ~xaaited tht aarn~ for tlw pwpw~s
~ ,h~,~;n exp?e»ed. A„d rhe sa;d ~a~ara Jane Hutchinson
w;r~ of s.;a Mickev P. Hutchinson ,„Po„ .,~.,,,e .~a
exam'uwtan by me tsken separate and apaA from her said husband, ~dcrwwledged to and befws ms that ihs executed said irotrunx~t fntly and volvrr
~ rarily and w~thout any compulsion, tonstraint, appre ~on, or feu of or from her s~id husband.
WITNESS my M~d and official seal thi dsy of Au u8t q, p, 19 7S
~
~ ~ r
~ Notary Public in and for Stat~ Horida LsrQ~
My Cortunission expires:
~ Retum To: '
F'ast Fedenl Savings ~loan~,;yociation D /~J~~
~ Of Fort P~erce. ~~~F~~ 7 7 ~
Fort Pierce, F~orida ~,~~jr'.~'' -i~
~ ' 'y~ . ~ . ; .
~ 3 i. .
~ " r ~ ~j~ Q.~,,4 . '
This Instrument Prepared By Robez t A. Swisher Jz . : ~
~ First Federal Savings b loan Association _ ; . ' t.. ..r r-
of Fort Pierce ~ = ~ ~ ~ ~ ~
" , Florida 33450 , r. ~ .s
~ • ''•.;.~'t`?1 C~~` -
c~ ~'r~, . . ,
Checked By ~ i~- 2~~ 2 • , - ~ .
BOOK PAGE 5~?O '%~•~~5~,~:.~~
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