HomeMy WebLinkAbout1325 To ptat~ and tonlU~t~o~sly kNp on th~ buildirys now or ht~eahN ~itwt~ oe ~aid l~nd snd on ~II equipen~nt ~nd peraaoally oowrrd by tAi~ mptp.
ag~. with all pnmiums tF?K~on paid in fvll, fi~~ insuranc~ in ths usual iandard policy fwm, in a twn app~ov~d by tM MORiGAGEE, a+d windporm
insunna in tM uiwl stuida~d polity fam, in • wm spprov~d by the N10RTGAGEE, i~ s~ch comps~y a oompa~ia as th~ MORTGAGEE mar
d~rectt ~ ill f1n ind wir~arm inwranos policies on u+y of aid buildi~gs. u~y iMSrpt therein or put th~rw~, in tFN ay9rep~r~ wm ~fa~said or
In ~xceu th~.wf. ~hall cont~in the vwal uandard ma~gsgee slause a iuch ahK cl~use as tM Maroage~ may rpuin. makuq rl+~ Ioss u~+de~ said po1N
c~e~. ~ach ~nd ~v~ry. psYabl~ fo s~id AAORTGAGEE at in in~eres! may appear, ind each and ~very iuch poliq ihall b~ promptly au:y~ed u+d d~livKed ~o
eny h~Id by ~id MORTGAGEE as fu?thK stcvrity to said mortyay~ debt, snd. not lea~ tMn tee~ p0) dayt in adwnu of tM expintion of each policy. to dr
I~ver ro saW MORTGAGEE a r~nsw~l thereof, toy~~l+N with a ~eceipt ~or the pnmium of such re~ewal; and then shall b~ ra f'ue or windttwm intur~nc~ ~
plsced on aoy of ssid b~iWieg~, ~ny interest lherein or put thereof, unleu in the form and with 11+e lou p~y~ble as aforesaid: and in tM ~wnt ~ny wm ~
of mon~Y bKpm~ paY+bl+ u~e~ wd+ pclicY or polcciss s+id MORTGAGEE shall Mvs ~M option ro reoeive ~nd appy tM s+me on accou~r of th~ ind~bted- `
ne:: qcur~d Asnby or b ps~mit said MORTGAGORS ro receiv~ ~nd us~ it a+ny part th~veof iw other pwposai, without lherebt waivi~~g w lmpair-
iny sny quity, lien w ripht w~der or by vinu~ of this mortp~pe; ~nd in tM ~vent ~ad MORIGAGORS ~hsll to? any ~eason fsil ro keep tM said pr~m~ses w '
insured, w fatl b d~tiwr promptly any of said poiicies oi insurancs ro said MORTGAGEE, o~ fai! p?omplly to pay fully ~ny pr~mium thsrefo~ w in ~ny
respect fall b p~rfwnl, dixMrpe, execut~, effetl, compltts, tomply with ~nd abid~ by this townant, or ~ny part hereof, said MORTGAGEE may place ~nd
PaY fa sud+ inwranc~ ot ~ny part tFw~eof wi~hout w~iviop or ~ffeainp sny optan. li~~, pviry. a ripht ~nd~? or by virtw of thts Maf~ay~. and the
fu11 ~mouel of ~ach ~nd ~wry auth qyme~t sh+ll bs im~nedi~tely dus aiSd payabt~ and ~11 bear interest from th~ d~t~ tM~eof ue?til paid at th~ rat~ of
n~ne per centwn pK ~nnwn and topetha with suth imerest ihatl be secured by IM lieo of this mortype.
1. To p~nmi~, oonunit or wffa no wute, knp~irmem w deterioratro~ of said property p any put thcreof.
5. To pay all Md sagular tM costs, ch~?y~s and expenss~, includinp • maionsbl~ ~nwney's fee snd owts of a~st?acn of titte. incvrr~d or paid at
any ~ima by said MORTGAGEE, bacause w in ~he ~vent of the failur~ on ~he p,n of ~M ~sid MORiGAGOR a duly, prompHy ~nd fully pe.fwm, dwcharyR
•xecuts. ~ffed, compkt~, eomply with ~nd ab3de by ~ad+ and every the itip~lations. ~greements, cond~tions, aad cownants of said promiuory note ~nd thi:
mortpp~ ~ny or aither. ~nd aid oosts, chu~es and expenses, each and every, shall be immediately due and payahle: whether w ~ot thers be r~oi~ce dr
mand, ~tMmpt to toll~tl Or wN pNKlirg~ and tM full are~o~rnt of esch ~nd tvery svch payment shall bear intere~t from the dste tMreof until p~id at tM
rate of nin~ p~r centum per an~wm; ~nt! all said opsts, cMrget ~nd expenses incurred or paid. together with suth intt~ql, shall b~ sKw~d by tM li~n of fhis .
mortpy~,
6. 1Mt tn the eve~t of ~ny 1x~ach of this Mwtgs~e w defaulr on th~ pan of tl?e NIORTGAGOR, w(b) in tha ~vsot any of s+~d sums of mon~y ~
her~tn r~hrr~d to be not promptly and fully p~id within thirty (30) d~ys nexl after the same xveraNy become due ~nd paysble, withouf d~mand w notics, ;
or (c) In t!M svent ~xh uk! ewry ths :tip~latio~u„ agreements, condiiions and coven~nn of sa~d promiuwy note u~d th~s mortyspe any a ~ithat ~re no1 ~
luly, promptly u+d fully perfwmad, discharyed. executed. effected, complNed, complied with and ab'~ded by. th~n in eithar a any such ewe~t tM said s~ i
prc~gat~ sum m~ntionld in said ptpmistory npte ihe~ remaFninq vnpsid, w;th interest ~cuued, ~nd a11 moneys ~etv~ed. hereby, sMl) betan~ dw ~nd pay~
ebl• forthwitl~, or tMraaha, af the optan of said MORTGAGEE, as fully and completely as if all of the said sver of mon~y were uginally ttipulated ~
to be paid on such day, anyfhlnp in said promissory note or in this Mortgage to ~Ae connary notwirhstandirp; and therevpon a thneaher at the option of
seid MORtGAGEE, without notic~ w d~mand, wit at I~w w in equity, therefue w tF?Keafter be9un, m~y be praecut~d as if a11 moneys s~cvr~d I~r~by
had rtNtur~d pNpr fp ita imtifutan. ~
?hat In tM went that ~t th~ beyiru~iop of or at any time pend;ng a~y wit upon this Ntortgag~, a to fonclos~ it or to reform N, a to enfora ~
payment of any d~im~ Mr~under. ~aid N1pRTGAGEE shall apply to thc Court having jurisdiction thereof for ths appo~ntment of ~ Receiver, svch Cou~t shall
forthwhh ~ppoint ~ nceiwr ofs+~ ~norlyaped property all and ainguler, includ~ng all and si~gulsr tt+e incoms, profits, issues and revenue~ irom whaf~v~r
wuru dKiwd. eath ~nd ~wry oF wh;ch, it beirg expreuly understood, is hereby maigaged as if specitically set forth ~nd dewibed in ihi yrantinp and
habendwn d~usy hsrep{, ~nd wch iteoeiv~r aha~~ have ~he broad and effective funct~ons and powert in snywise entrusted by a Cou~t tp a Rectiv~r, and
~uch appointsnent ahsll be m~de by wch Court ss an admitted equity and s matter of ~bsoiute right ro said 1NORTGAGfE, and withouf ?~leatnt~ to th~
ed~quacy or inad~qwcy of ths wlw of the property mortpaged or to the sonrency or in:ol~ency of said MORTGAGOR a the defendan», and thst such
renn, proP~ts, inc~ome, issuea and rovanues shall be applied by such Receive? accwd~n~ to the lien w aquity of ~id MORTGAGEE ~ 1M practiu of such
Covrt.
B. To duly, promptly ~nd fully pe?form, ~schar9e, execute effect, complete, comply with and abid~ by eath ~nd ~very the stipul~Y~ons, ayra~maeq,
conditioro and coven~ms in said promissory note ~nd this morfgage set fwfh. ~
9. That in th~ ~wnt the ownership of the mortgsyed premises. or any part thereof, becomes vested in • person othe? fh~n ths MORTGAGOR, th~ ~
MORTC,AGfE, iri wtc~sfors and ~uipns, may, without notice to the MORTGAOR, desl with such successa p ~ucc~ssor in interest with r~ference fo thb
mo.tgap~ and ths debt hereby set~red in the same manner as with Mortgagor without in sey way vitiatirg or d~uharyirg the Mwtq~on• liability hen- ~
under w upon tM dsbt hereby secured. No sa?e of the premius hcreby mortgaged end rw fwbearance on the paq of tM MORTGAGEE p iri suaesso~s
or as:ignt and no extension of the time tw the payment of the debt hercby secured y7ven by the MORTGAGEE or in sucusson w assiqns, ~1u11 oper~t~ ;
ro release, disch~r~e, modify chsn4ye or effecf the origi~al li~biliry of the MORiGAGOR herein, either in whole w in put. ~
10. It is spetificalty apreed that time is of the euence of this contract and that no weiver of any oblipation hereunder a of the oblipation s~- ~
cv~ed h~r~by shall ~t ~ny tLne thereatter be held to be a waive~ 6f 1F~! 1HrtIS hereof or of the instrumem ~ecured herby.
11. In addition to the forego:ng mwrthly payments of princ:pal and interest required by the promiasory note secured hereby, mortgagor covensnb -
and ag~sta to p~y to mortgagee with each monthly payment an add~rionsl sum estimated by mortgagce to be equal W 1/12 of the +nnval cost of the follow-
ing:
A-All real property tsxes kvied or assessed against the above described real estate.
B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the imp~ovemeMS s~tuate on the above dewibed ptemises,
C-Premiums on wch mortqny~ gwranty insurer~ce as mortgsgee sFwll from t;me ro time deem fit to urry on the ban secured hereby.
NIwiQ+gee sha!! from time to time notify mwtgagor in writ;ng of the amount due and pay+bk hereuntler and iuch sum shall theretrpon be due and
payeble on the due date of the ~ext monthly payment and each s~rccessive month thereafter urtil mortgayee shsll notify mortgagor of a chang~ in such
amount. Such sums shs11 be ~pplied by mortgagee toward the paymcnt of real property taxes, iruurance premiwru, a»d mortgape ywranfy inw~ance
premiums.
IN 1HITNESS WHEREOf, the said MORTGAGOR hss hereunto set his hand and ual the day ar fint sforesaid.
Sipns S~aled and liver in h~ prese~ce of:
c- n
+Q
n
~
% ~-o
S TE OF fLOR10A ~
cour,m of St. Lucie
eefa. ~,o,,,ny ,~u~ Dewey Herndon
June Herndon his w;fe, to me welt known and krawn ro me ro be
the individwb descri6ed in and who execvted the fore9ang instrument, and acknowledged bsfore me that they execvted the same for the purposes
therein e~.e,~a. a,a th..~~ June Herndon
w~fe of the „~a _ Dewey Herndon „p«, a sepsrate and privah
examinaYan by me tsken separate and apart from her said husband, adcnowledged to and before me tFwt she exewted said instrurtvent freely end volurr
raiily and w;thout any compubion, constraint, spprehension, or fear of or from her said husband.
WITNESS my hsnd ~nd offiwl ~esl t1+u ~ 13 t day of Jenua r A. D. 19~.
- Notary Pvblic in and fw the Sqte of Florida at LarQ~
u t:: . ~ , ; ~ ; . IY~Y Commiuion expires:
Retum Ta. ~ . • ,
Firsf F~dttal S~vinps a losn Associatan ;`~V,,. y~.~
Of fort Pierce. - ^`~~f R~ Stif! O~ ~Idi
~ ~ ` ~ ' ~I ~o~~issioa E at [srge
r~wt r~erce. F+orid, . " xpires Sept. 23. 1969
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pLERK C~R~V~T g00K164 PAGE~c~~
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