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Home My WebLink About1637 ~ R 3. To pl~c~ ae?d continuo~sly kNp on tM bvildin~ now a h~+eafiK ~itw» on said laod ~nd on ~II equiprn~nt and psnonally covsr~d by this nan¢ ~p~, with all prtmi~ms lherea+ p~id in fvll, firo insuwr?a in th~ uiwl sand~rd poticy form, in • svm approv~d by tM MORTGAGEE, snd wi~stam inwranc~ in ths vswl sunda.d policy fa~n, in • ium spprov~d by tM MORTGAGEE, in s~ch company a companih ss th~ IMORTGAGEE nwy . dlncg a+d ~II fir~ and winds?onn iosw~no~ polici~s on ~ny of uid buildi~qs, any inttrtat tMrein a pah tMreof, In tM syyroy+~~ awo ~fue~+W or In ~xcsss tA~?eof, shall conain ths vswl itanda~d mortysp~ tlws~ w wch ahe~ tl~us~ u tM Malyapa~ may roq~ir~. makinp the Iws u~dar s+id po~} cies, each and evary. paYabt~ ro aW MORTGAGEE u its interest miy ~pp~u. and each and ~very such policy shafl M p~omptly us:y~ed u+d delive?ed to •ny heW by s+id MORTGAGEE as ivNF~e~ tecurity ro said matpa~ debt, +nd. not Isss tM~? ten (10) d+Ys in adva~ce of tM explratw~ of tach polky. M dr livw fo ~aid MORTGAGEE s renewal tMreof, tope~hK with ~~ec~ip~ for the pnrnium of such re~ewsl~ and tF?er~ sh~Il b~ no fire or wir+dstam lr?wr~r?a pl~pd on ~ny of said buildings. ~ny interest thKein w put thKeof, unku in tF~e fo?m s~d with tM loss p~yabl~ as ~foresaids a~d in th~ eva~t any sunn of mo~sy becpeet pay~bM uodK wch policy a policlss s+~d MORTGAGEE shall haw tM optan ro receiw and apply the same on accamt of tM ind~bted- neu secvred hs~eby a ro permit said AAARTGAGORS ro naeiw and tn~ it a sny part Ihereof for otho~ purposei, witFavf 1he~eb~ waiving or impair- inp any equity, li~n ar ripht vnder w by virtw of this morty~ye; ~od in tM ~vent wid MORTGAGORS shall for aoy reasa~ ~ail to keep tM s+id p~smites so inwrod, or fsil b dtlive~ promptly ~nY of wid polK~es of inwranct to said MORTGAGEE, or fail prompily to pay fully any premium therefw a in any nsp~ct fail b p~form, discMr~e, execut~. ~ffed. complete. comply wNh and abide by this cove~wnt, or ~ny part herwf, ssid MORTGA('aEE m~y place and paY fa wch irowanu or any put thercof without w~ivirg w. ~ffecttn~ any optan, IMn, aq~+Ity. or rigM unda or by viMUe of this Mort~spe. and tM fvll artiovnt of each and every such paym~nt shall bs imrnediately dw and p+y~bl~ a~d aF?~II bea~ interes~ from the dat~ thereof w?tll paid ~t tM r~ti of nine pK oentum pp annum and toyether with svch interest ~l~sl~ be xcured by ths lien of this mortpaye. ~ 1. To pamit, oommlt or wffer ~o waste. Imp~irme++t w detsrioration of aid propKry or +ny Rsrt thereof. S. To pay sll ~od sinyul~r ths cwb. cl+~rpes +nd e:pense~, incl~dirg s reasonable attomeY's fee and cosri of abst~acts of title. incvrred or p+id at sny time by said N10RTGAGEE, because a in the evt~t of ths fsilure on 1he part of th~ aid MORTGAGOR ro duly. prompUy ~nd (vlly perform, discharg4 execut~. ~ffect, compleq. oomply with and ~b'~de by each ~nd every the itipvlstions. ayresments. conditions, snd covenants of said promiuory note and this mwtyape aM? or either. and said coats, ch~rges and expenses, each and every, sh+ll be immediately dus and payabk: whether w not rhe.~ b~ norice da mand, atte+npt to collect or suit pendinp; and ths full amount of ssch and everY s~ch psyment shsll bear i~tercst from the date tlxreof until paW et tht rate of nine per ccntum per a~~wrn; and sll iaid costs, charyet ~nd ezpenxs incurred or paid, together with such interesL shall b~ sacured by ths lien of thu motly+ps- 6. That (a) in the avent~of ~ny breach of this Mortyay~ or defa~lt on ths pa?t of the MORTGAGQR, or (b) in the event any of said swos of rtwaey herein referred to be not promptly and fully paid within thirty (30) days aext after the same seveaally become due snd payable. without dert+an~ a noYice. w(c~ In the event each snd ev~ry the stipulat~ons, sgreemann, co~ditions and cove~~ts of uid promiuory note snd th~s rr.ortysye any or eitha are ~w1 iuly. p?ompNy and fully performad, d~xhsrged. execut~d, effected, compkted. compl~ed w~th and sbided ~Sy. theo in either w any such evem tFa aaid a~ , . greyate wm mentioned in ssid promiswry note then remaining unpaid, with interest acuued, and all moneys secured hereby, shsll bacome dve and pay~ able fwthwith, or thereafter, at the option of wid MORTGAGEE, +s fully snd completely as if sll of the said s~ms of mo~ey were originally stipuleted to be paid on such day. a~ything in said promissory note or in this Mwtga9e to tlx contruy notwithstanding: and thereupon w thcreafter st the option of , said MORTGAGEE, without ratice or dema~d, suit at law or 1~ equity, therefore or thereafrer begun, may be prosecuted as if all mor~eys secured he~eby had matured prar ro ib imtiwtion. . 7. Th+t in the event that at tha beginning of or at any time pending any suit upon this Mortgsge, ot to fwetlose N, or to reform H, or to enforce payment of any claims here~nder, said AhORTGAGEE shall apply to the Court havi~+g jvrisdiction thereof for the appointmenf of s Receiver, such Court thall Forthwith eppoint s fKl/VH Of 3dld TOf19~@d PfOQlfly all snd singula~, includ~ng all and singvlsr the income, profits, iuues and rovenues from whatever sovrce derived. each and every of whKh, it beinp expreuly ur?derstood, is hereby mortgaged as ii spec;fically set forth and desvibed ip the ~~anting and habend~m clavses hereof, and such Receiver shall have all the broad and effMive functioin and powas in anywise e~trwted by • Covrt to a Receiver, end such sppointment shall be made by such Covrt ss an admitted eqvity and a m+Iter of absolute rigM to said MORTGAGEE, snd without referc.^ce to the adequscy w inadequacy of the value of the property mortgaged or to the sonrency or insotvency of said MORiGAGOR or the defendants, snd that such rents, profin, i~come, iuues a~d revenues shall be applied by such Receiver according to th¢ lien or equity of s+id MORTGAGEE snd the practice of such Court. . 8. To duly, promptly and fully pcrform, diuhar9e, execute, effect, complete, comply w~th and abide'by each and every the stipulatwos„ agreements, condtions and covenams in ~id promissory note and this mortgage set fwth. 9. That in the event the ownenhip of the mortgaged premises, w any part thereof, becomes vested in a penon other thsn the MURTGAGOR, ths MORTGAGEE, ib wcceuws a~d assgns, may, without notice to the MORTGAOR, deal with such succeuor or succeuw in interest with reference to this mortgage ~nd the debt hereby secured in the same manner as with Mortgsgor without in any way vitiatirg or distharging the Mortgsgws'_ liability FKra under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearence on the pan of ~he MORTGAGEE or its successon or suigrn and no extension of the time for the paymem of the debt hereby secured given by the MORTGAGEf or its svcceasors or assigns, sMll opsrate Io release, d~sch+rpe, modify charge w affect the wiginal liability of the N10RTGAGOR hercin, either in whole w in part. 10. It is specificaUy a9reed that time is of the essence of this contract snd that ~o waiver of any oblgation hereunder or of the obliyation sr cured hera~y shsll at aoy time theresfter be held to be a waiver of the terms hereof a of the ir?strvmem secured herby. 11. In add~tion to the forego:ng maithly payments of princ pal and interest required by tF?e promisaory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an sdd~~ional sum estimated by mortgagee to be equsl to 1/12 of the annual cost of the follow- ing: • . A-All reat property taxes kvied or assessed against the above dewibed real estate. B-Premiu~ns on fire and windstorm insurance as herein requ~red to be carried on the improvements situate on the above desaibed premises. C-Vremiums on svch mortgage guaranty insuronce as matgagee shall from time to time deem fit to carry on the loan secured hereby. ~ Matgagee shaH from time to time notify mo~tgagor in writing of the amouM due and payable Ixreunde? and such wm shall thereupon be d~e and ~ payabk on tha due date of the next monthly payment and exh successive month thereafter urtil mortgagee shall notify mortgagor of a change in suth I amoum. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurarxe prem~ums, and rtwrigage guaranty insurance ~ premivms. ! WITNESS WHER O t said RTGAGQR has hereuMO set his hand and seal the da and yea~ st af id. 1d and i ed in presence of: ~ ~ • a4 . ~ n ~ ~n STATE OF~N 0 ~ ~ COilNTY Of b~fwe ms pasoeally app~ared John B. Nendron ,,,d Kathsine Hendron his wife, to me well known and known to me to b~ the individwls described in and who ~xearted tF~_fw~einsUvmeny! n ackrwwledped before me that they executed tfie ssme for ths p~upwes rhersin expressed. Ard ths ssid ~~at He110 John B. Hendron wir. ot r1,. s.id ~Po^ •~P~'+t• •t"d P~^'•a e~cami~ation by me taken sep~?~1~ and apart from hd said FwsMnd, sdu+ovvl~dyed to and btfor that sF+e executed said iratrurn~nt, fr~elY and volw~- tuity ~nd without sny compvlsan, cautnint, ~ppreiKr?~iqn, r feu of ot from he~ said Fw venber . 68 WITNESS my h+nd sed off'~aal ssal this ~ d.y of ~~1~ -Iy;D: 19 . ,I ~ ' ~I " FtLEO AND RE r,w~.y v~b~K . ro. ih. s~.+:.-of .t , y. • t ~ ST. LU~i~-6t~UNTY. F A. My c~,;u;a, .x~.~: ~ ~ R.tw~ r~: ' RE.COR?'~ V~RIF~E K ~ , Fint FsdN~l Sav&+ps a loan Association i~~S4 Of fort P~erte. ~ ~ ~ • . P,K~.. F~~.~, '68 NOU 25 ~I ( I ' 35 ~ f~': ~ ; , ~ ~ t ~ . i~ ~ ~ .<< . ; This Instrumant Prepared By FO'.iER ROITR~S ~ First Federol Savings d~ loan AssociationCLERK CIRCUI7 COURT of Fort Pierce ~h~~ By J. D. Chastain , S~K~74 ~1633 - ~ ~ ~ ~