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3. To ple.e and cont~nuously keep on bu~'d~~~g~ now w harea(te~ utu~ie on se~d I~nd snd on ~U equiy.~enl ~nd {»rtonally tover~d by thi~ morl¢ ~
sp~, wi~h •it premiumi thrreon pa~d ~n f~U, f~re insursnce in ~he ~~ua! ~ta~da~d policy iorm, in • sum aFproved by tht MORiGAGEE, ~nd w~nds~wm
inwrance ie th~ wwi ?tandard po:.cy ~o~m, io + w~n approved by ~M h10kiGAGEE, In' iuch company or comWnle~ th~ MORTGAGEE may
dira~; a~sd all fir• ~ad w~ncisrorm ins~rance pot~uea on any of said bu~~d,~s. ~ny ~m~r~st ~he~e~o o~ par~ ~her~of, in ~iw ~9qreq~~~ wm ~fasaaid a
in e:ces~ Iherrof, shall conrmn ~h~ usuai •ta~~Jud murtfla~a~ ci•w~ or ~uch o~M~ clauw a IM Mor~ppt~ m~y reqwr~. m~kinp Ih~ Iwf u~ ~a~d po1F „
c~e~, each and ev~ry, payabte ro said MORiGAGEE as ~ts fn~ereN may appea?, and e~th a~d every ~uch poi~cy ~hatl b~ promp~ly ~ts.pned and d~t~vtr~d•tio .
•ny held by sa~d MQR(GAGEE es funhe~ sacumy to sa~d mw~pafle deb?, and, not leu ~Mn teo (10) d~ys in adranc~ oi ~ha expirotioe of e~ch po1Ky, to dh
liwr to ~aid MdRiGAGEE a renawat the.cof, toge~hsr with a rrce~pl tor Ihe prtmium o1 suth renewal; and ~here ~hali b~ no lu~ o? wind~torm in~w~~t~
pl~ced on any of sald buifd~ngs, any interra~ tkera~n or part thereof, u~le~s In th~ form ard with the loss payable i{ •~Wff~idJ u~d in the tv~nt any sum
of monty bccor~us psyable unJer such policy or poUcies ~aid MORTGAGEE shall have ~he opi~on to roce~ve and apply the same oo +ccoum oi l~e ird~b~ed~ ~
ness secured hsreby o~ 1o pennit ~sid MORTGAGORS ro rcceive and uss it w any pu1 thereol fo~ other pu~poses, wi~hovl Ihereo~ waivi~+g w urpain i'
ing any eQuity, lien w right undar or by virtua of this mo:'g~flc; ~+d in Ihe event, ta:d MORTGAGORS shall fa sny r~ason fail to keep Ihe faid premiui w ~ i
insured, o~ (ail to deliver pranptly ~~y of sa~d poGc:es ol iniurar.u ro tard MQRTGAGEE, a faii prumptly to pay fully any pramium therefw a in a~y s ;
~espect fail ro perform, d:siharge, execure, effed, coa~p~eto, camply wiih and abide by thi• covenan~, w any part hereot, ssid MORTGAGEE m~y plact a~~d i
paY fw ~utA to~urance or any parl t6ereof wi~hout w~iving a ai(ectir~ any optie:+, lien. equity, w riQht unde~ Or by virtu~ ol this Mort9ayo. r.d tht t t
full imovnt o~ each and every such payment shatl be irrunediaiely due and p+yable •nd ~liall bear interest from the date tFurecf until paid at tht rat~ ol 1
ni~e per centum prr annum and to~ethe+ ~w•ith sucS intrreit fhali be secured by the Ifen oi thie mwtQsye. ~
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1. To permit, comm~t or suffer no wsste, impa~.ment a deter~oration of said property o. •ny par~ ~hereof. ;
S. Ta pey •11 ~nd singula~ the cos~~, charges ~nd cxpenus, iniluding + reason~bls attaney's fe~ •~nd costt of abstracts of titl~, incvrrtd o~ psM at `
any time by said MORiGAGfE, because or i~ !he event of ~he fa~lure a~ t:~e part of th~ aaid MORiGAGOR to dvly, p~omp~fy ~nd futly perform, d~xhar~, ~
execute, effecr, compieee, cwr•pty w~th and ab.de by each and every the ~tipvl~f~c+n~, agrcements, condi~ions, and covena~n oi said p+omieiory not~ and thq t
mortgage any or e~ther, and sa~d costs, cha~qes snd expenses, each and every, shall be imrnediately due and payable; whethar or not Iher• bt noeice dc `
mand, anempt to collcct or ~uit pend~ng; and the (ull emoum of each and every such payment shall bea. interett (ran tM dats lhereof u~til paid st tF+~
rate of ninn per censum F,rr annurn; and all seid casts, charges and eapenses incurred w paid, together w~th auth interest, sMll b~ set~red by the lien of thif
mort9ap~. -
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6. That (a) in the evenr of any breach ot fhis Mortgage w defsutt on tM pa?t ot the MORTGAGOR, w(b) i~ the even! ~~y of iaid sums of money
herein refened to be no~ promp~ly ar.d futty pe~d wi~hin th~rty (30) days next after the same severally become due and payab~e, without damand a notice,
w(~.in the evem each and eve.y ~he stipulations, agreemcnts, condl~ions arxJ coveoant~ 01 aa~d promiuory rate and this mortpag~ any p either sre no1
i~ly. promFtly ~rxl fully pcrfur:ned. d~xharqed, executed. effeaed, compieted, complied wifh ~nd abid:d Sy. then in eitMr or any such eveM the said a¢
gregate sum mentioned in said promissory note then rcmaining unpaid, witF~ ~ntereat etcrued, and all inoney setured hereby, ihall become dw and pay~
able ior~hwith, a thereaiter, at ~he cpr~on of sa~d h10RiGAGEE, a~ fvlly and compte~ely af i( all of tFx said su~t+a oi money wer~ aiyinally ~t~pulsted
to be paid on such day, anything in sa:d praniaswy note or in this Mkxtgage to the ca~vary notwithstanding; and thereupoo d thereafter at tM oplion of
said MORTGAGEE, w~rhout narice w deinand, su~t a? law or in equ~ty, therefwe or Ihereafter bcgun, may be prosctuted as if dl manys s~cu~ed hereby
had matored pnot to its ins~itutwn. '
7. TMt in the evem that af the beginning of w a1 any time pend~np any su~t upon this Morlgage, w to fweclose it, or to r~fam H, a to enfwcs
payment of any claima he*eunder, said MORTGAGEE shal! apply to the Court hsving jurisd~chon thereof fw tha appointmeM of a R~ceiver, wch Court sMll
farrhwieh appoint s?ecciver of said mortgaged property all and singufar, includ~ng ait and singular the income, proi~ri, issuls ar+d revenues from whateve?
seurce derived, each and every of wh~ch, it being exF.ressiy understood, is hereby mortgaged as if spet~fkally set fwth ~nd dest?ibed in tF?e pranting end
habendvm clauses hereol, and such Receiver shal~ have all the broad .and effective funct~ons and poweri in a~ywise entrusted by e Courl to • Reteivet, •nd
such appointmenl shall be. rt,ade by such Courf as an admitted equity and a rr+atter of absolute right to said MORTGAGEE, ~nd witAoul reterence to the
adequacy a inadequaty o~ the value of the property morrgaged or to the so~ve~cy or ~niolvency o( seid MORiGAGOR or the defendants, ~nd thal such
rents, profin, incane, issues and revenues shaN be app~ied by auth Reteiver accord~ng to the lie~ or eqvity of said MORTGAGEE and the prattite of fuch
Court.
8. To duty, promptly ar.d fuily perfo~m, d~scharge, execute, effect, compiete, compiy w~th and abide by each and every the stipulations, agreementi,
condilions and covenanrs ~n sa~d promissory note and this mortgage set forth.
9. That en the event the ownership of the ~nort~aged premises, or any part thereof, becomes vested in e ptrso~ ather than the MORTGAGOR, th~
MORTGAGEE, ~rs succesw.s and s:a~qns, may, .w~rhout not~ce to the MORiGAOR, dcal with such successa a successor in interest with refe?ence to this
mortgage and the debt heirby secured in the same manner as with Mortgagw w~thout in any w~y vitiatirg w dixharging the Mor~9sgori tiability hera ;
under a upon the debt hereby secured. No sale o( the premises hereby mortgaged and oo iwbearante on the part of the MORTGAGEE or it• successon
or assigns and no eatens~on of the time for the paymenl o( the debf hereby secured given by the MORTGAGEE or ib sucteuors or assigns, shall operats
to release, il~xhsrge, modify change w a(fect the originat lia6~lit/ of ~he MORTGAGOR hsrein, eithe~ in whote ot in part. ?
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10. It is speuficatfy syreed that time is of the essence of thK contract and that no w~iver of any oblig+~ion hereurx~er w of the obliyation se- !
cured hereby shall at any time thereafter be hefd to be a waiver of thr terms hereof a of the instr~ment secured 6erby.
11. In add•tio~ ta the forego month!y pa~•ments oi pr~~c Fat and intereat required by thr promissory no~e sec~red hereby, morigago? covenants +
and agrees to pay ro mortga3ee vcith each month~y pay.r.ent an ad~~iional sum estimated by mortgagee to be equal to l j 12 of 1he annua) tost of the follow- i
~ng:
A-All reai property taaes le•iizd o~ asses:cd agae•ist thc aEove described real estate.
B-P~err.i~ms on fire and windstorm ~nsurance as here~n requ:red t0 be carried on the improvements situate on fF?e~above desuibed premises.
C-Prem;ums on such mortgzge guaranty ir.surar.ce as mortqagee shall from t~me to time deem fit to carry on the (oan secured hereby.
1Nor~gagee shail from t~me to time not~fy mortgagor i~ writmg of the amount dus and payable herew~dar and suth sum ahall thereupon be due a~d
~ payab'.e on the due date cf the next month!y paymem a~d each successive month thereafter ureil mortgagee shall notify mortgagw of a charge in s~ch
! a*nount. Svch sums sha!I be applied by mortgagee to•nard the payment of real property taxes, insurance prem:ums, and rtwrtgape 'guaranty insu~ance
premiums. ;
~ IN YJIiNE55 WHEREOF, the said MORTGAGOR has hereunro set his hand snd seal the day and ear firat afortsaid.
~ Signed, Seafed and delivered in the prese~ce of: ~7~~"~/"'~ /
! ~ ~ (Sea~
~ - ~~~Z~• ~ war Nugh
! \ ~
, ~ t~r `.Us~~~1T • (Sea~
~ rs.tt[0...,r•~..- Anna R. Hughes ,~-.0
- ~~~b1tl~ ~j -
~ 3 31~'~6 ;
STATE OF FIORIDA 324216 ~
COUNTY Gi SL . Li1C 1 Q ~
Befwe me penonally appeared Edw2?YCl Httgh@S ~
,
~ A~na R. Hughes his wife, to me well krawn and known to me fo be t
~ ihe indiveduals described in ~nd who executed the faegoing instr~ment, and ecknowledged before me that they executed the same fw tM pwpoaet ~
Anna R. Hu hes °
~ therein expresxd. And the said 9
rv~fe of the w~d 6clward Huqhes upon ~ separate and priv~t~
examinalion by me taken separate and apaA from her seed husband, atknowtedQed to a~d before me that she executed said instrument freely ~nd volurn
~ raniy and wiihout any compulsion, constraint, apprehension, or fear of or from her wid husband. ;
~ WITNESS my hand and official seal this-_ r~~ day of Janua?=y . A D. 19 76 !
~ • E
~ ' s
. Plotsry Public in and fa.t tafa of Fbrida af Large ,
My Commiuion eapires: / , ? . ~ ~ ~ R
~ Return To: i
~
Fint Fcderal Savings 3 loan Associat~on
~ Of Fmt P er..e
..t~11i~~~~~
Fort Pierce. Florida
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~ • , ,l~-Q~~ V ~ ~ _
~ This Instrument Prepared By Robert A. Swisher Jr . =
First Federal Savings 8~ Loan Association i~L',`~~ _
of Fort Pierco , Rlor ida 3345~ ` • ~''r ~ - C~' . ` ~ ~ ;
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~~~k~ BY ~~~K~i47 ~ ~!4 ~f
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