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Home My WebLink About1639 ~ . . . . ~ 3. To plac~ and continvouafy keep on tM buit f1pW Of MfNNM sihl~t~ OII siid Ilf~ i+ld M ~II k dirgs equlpnaat and penonafly covaed by thif morp- ! eg~. wi~h aU prsmiums ~herwn paid in ful1, firo insur+nc~ in ths uswl ttu?dard policy form, in i tum approwd by tM MORTGAGEE, and windsto~m ~ insw~nc~ in ths ~swl atandard policy fam, in • sum ~pproved by tM MORTGAGEE, in wch oompa?y a compaeies ~s tM MORTGAGEE may t dirodr +nd all fus ~++d wirkhtwm inswa~a polki~s on any of said buildi~ys, ~ny inter~st ths~ein o~ part thereof, in tM aQprep~t~ ~~m ~fw~saW or in ~xtess the~eof. sh~ll cont~in ths ~nual st~ndard mort9s~ clw~ a such othK daus~ ~s the Mor~pa~ee may requin. maki~p tM lou unde~ said po1E c'ro~, each and avery, payable b said MORTGAGEE u iti iMerest may appear, and each artd ~very ivch policy ahali bs p~ompliy ~si:yned and d~lfvaed to •ny FrsW by said MORTGAGEE ss further secwity fo said mafy~ debt, and, not i~u tha~ te~? (10) days in advance of the sxpiration of e+ch pol'~cy, ro d~- liv~r to said MORTGAGEE a re~ewal the~eof, toqe~har with a receipt fw the premium of s~rcA renewai; and thers shall bs no Fire w windatam inw~ance pl~ad on any of said bvildi~g~, any interest thsrein or part th~reof, unless in tl+e form ar+d with tM lou payable as afo?esaid; u+d i~ tt+~ ~vtM a~y sum of mwky becwnes payable under suth policy or policies s~id MORTGAGEE shall haw ths optan to receive and apply the same on account of th~ :odebted neu secu~td F~reby a to permit aaid MORTGAGORS to rcteiw i~+d us~ it or any part ti?ereof fw orher purposes, without ~he~eb~ waivi~~ ~~mpair- in~ any equity, lien or riqM ~nder or by vutus of this mortqapaj snd i~ the svent said MORTGAGORS shail fw sny reaso~ fail to ksep the Hid pr~mises so insured, or fail to daliver promptiy ~ny of said policies of i~svrance to ssid MORTGAGEE, a fail promplly to pay iulty any premium thuefor or in any respect fai) to p~rfw+rt, d;scha~ye, execute ~ffecf, comple~e, canply witA u~d abide by this covenant, a a~y part hereof, said MGRTGAGEE may plaee si+d paY for such trauranc~ or any put thercof withovt waivina or affectinp any optiay lien, equity. or riyhl under or by virtw of this Mwtgs~e, and tht full amount of tach ~nd every wch payment shail be immediarely dw and p~yabls and ahall besr Interos~ from the date thereof ~etil paid N th~ rate ol nine pe~ centum per anrwm and ~oge~her with such interest thall be secured by the lien ot this mort9age. 4. To pe~mit, ooewnit p wffa no waste, imp~irment w deteriwsYw~ of said property or any pah thereof. S. To pay alt snd sirgula the costs, charqes and expenseti kxluding a ressonable attorney's fee and costs of absnacts of title, incuned w paid at eny time by said MORTGAGEE, becausa ar M the eve~+t of the failwe on the pa?t of 1hs said MORTGAGOR to duly, promptly and fvlly perform, diichargR exetuta, efftct, compkte, torty>ly with and abide by eath and every the stipulations, agreemenb, tonditiau, ahd covenants of said promissory note and thi~ mortyape ~ny or either, and said cosb, charges ~nd ~xpenses, each and every, shatl bs immediately due and payable; whethe? a not there be not;cs d~ msnd, altempt to colkd or wit pend~ngi and ths futl amo~ot of eacb ~nd every uxh paymcnt shall bear interesf from ~he date thereof until p~id at the rate of n'a~e per centum per annum; and aIl said costs, charges and e:penses inarrred w paid, logether wi~h such iMerest, ~h~ll b~ setu~ed by the lis~ ui tha mortppe. . b. 'lMt (s) (n the event of any br~ach of this Mortgaye o~ defavlt on the part of the MORTGAGpR, or (b) in the event any of said svma of money herei~ ~eferred to be not promptly and fully paid within thirty (30) days next after the same severafly become due and payable, without demand or notice, or (c) in tha eveM each and every the stiputations, agreeme~ts, cond~tions ar~d covenant~ of sa;d promissory note and th~s mortgage any or either a~e no1 iuly, promptly and fully perfwmed, d~uharged, executed, effected, compkted, complrcd with and abided by, then ia either or any s~ch event tFw uid a~ gregate sum menYaned in said p~omisswy note then remsining unpaid, with interest acuued, and ali moneys secured hereby, shall becorne due a+xl pay~ able fatbw;th, w thereafter, at the opfion of said MORTGAGEE, as fully ind completely as if all of ~he said s~ms of money were aigir~ally stiputated to be paid on such day, anything in said promiuory nofe w in this Mortgsge to the contra?y notwithstanding; and thereupon or lhereafter ~t the option of said MORTGAGEE, without nosice or demand, suit at !aw or in eqvity, thertfae a the~eafter begun, may be proxtuted es if all moneyt seturcd heteby t had mat~red prwr to its irutitution. 7. That in the eve~t that at the beginning of or at any time pending any suit upan this Mwtgage, or to fweclose it, w to reform it, or b enforp payme~t of any ctaims F~eunder, s+id MORTGAGEE shall appty ro the Court having jur~sdktion thereof for the appointment of ~ Receiver, :uch Coun shall fwthwith sppoint a receivet of said mortgagec! prpQerfy all and sir?gular, irKlud~ng all and singular 1F+e income, profiri, issues and revenues frpn whatever source derived, each and evNy of which, it being expressly under:tood, is hereby mwtgaged as if specifically se1 forth and described in the pn~ting and habendum davses hereoi, and sutF~ Receiver shall have all the Ixoad and effective fvnctions and powers in anywise entruued by a~ourt to a Receiver, and such appointment shall be made by wch Gourt as an admitted equity and a matter of absolute right to said NIORTGAGEE, snd without reference to the edequacy a inadequacy o~ tAe value of the property mortgaged or to the sowency or inaolvcncy of said MORiGAGOR or the defendants, and that such renn, profin, ~ncome, ~uves and revenues shall be ~pplied by iuch Receiver accordi~g to the lien or equity of said MORTGAGEE and ~he practice of such Court. 8. To dufy, promptly and fuily perfo?m, discharge, execute, effecr, comple~e, compty with and ebide by each and every the stipulatioas, ag~eemenn, conditiw~s and cwenants in sa~d promissory note and this rtwrtgage set fwth. 9. Thst in the eve~t the ownenhip of the mortgayed premises, ar any pan thereof, becomes vested in a person other than the MORTGAGOR, the ~ MORTGAGEE, its svcceuors snd auigns, msy, witho~t notice to the MORTGAOR, desl with such succeuor o? successor in interest with referente to this ~ morfgape and the debt hereby secured in the same manner as with Mortgago~ without in a~y way vitiating or dixharging the Mwtgagon' liability hera ~ under or upon the debt hereby secured. No sale of the Fremisea hereby mwtgaged and no fwbeara~ce on the part of the MORTGAGEE w itt successon or assgns and no txre~sion of the time fw the paymem of the debt hereby secu~ed given by the MORTGAGEf or its succeuors or assigns, shall operate ; to reiease. diuharge, modify change or affect fhe original liability of the MORTGAGOR herein, either in whole or in part. ~ 10. It is specifically agreed that tune is of the eue~ce of this coNract and that m waiver of any obligation hereunder or of ths obligation se- a+red hereby sha~l st any time thereafter be held to be ~ waiver of the terms hereof o~ of the insirumeM secv?ed he?by. l. In addition to the forego:ngrgwnthly paymeMS of princ'psl and interest required by the promissory nole secured hereby, mortgagor covenarJls and agrees mo:tgagee with each m6ntMy payment an additional sum estimated by mortgagee to be equal to 1/12 of the annual cost - ing: A-All real property ~axes levied w asses ' t the above deuri . B-Premiums on fire and windstorm insurance as ~ carried oo the improvemeari sit~ate on the above destribed prerti~ses, C-Premiums on such mortgage insurance as mortgagee shsll from hm ' deem fit to carry on the loan secured hereby. Mo?tgagee shatl 4r ' to time notify mo:tgagor in writirg of the amount due and payable nd d such wm shall fhereupon be due and payable on t?~e ate of the next monrhJy payment and each successive mo~th thereafter urtil mortgagee shall no ~ or of a cha~ge in such amoun sums sF.all be applied by mortgagee toward the payment of real property taxes, insurante prem:~rt?t, and mortgag n insurance miums. !N WlTNESS WHEREOF. the said M TGAGOR has hereunto set his hand and seal the day and year first aforesaid. Sign . Sealed a d li in prcsence of: n •n - ~n ~-n STATE OF FlOR10A 1 couwtir oF St. Lucie defwe me pe~sooally appesrcd Euwene Herndon Mary Herndon his wife, to me weil known and krawn to me to M the individwb dexribed in and who txewted the fweyoiny instrument, and ackr~owledged before me that tF?ey executed the sartk for the purposes r?~e.~in •xpr.,sed. nna rhe saia_ Mary Herndon w~re of the s,id - fiugene Herndon upon . sep~ry. «+d rvat• P~ exam;naYw~ by me taken separ~te and apaM from her said husband, edu~owkdged to and befwe m~ that she executed said 'u?itruma~t. fr~ily and volun- rarily and w~thout any compuls;on, comtraint, apprchens;on, or„fear of a from her ssid husband. , . WITNESS my I+~nd ~nd officisl stal this +~2 ~ day of ~~~t'1 ,/~.D. ~9_~.. . - . ~ 1 ~ sry PvWie in Md for the StaM o! fJoriel~at ar~, , ttetwn To: • ~'AND RE eanm~ss~oo ~xpires: ~Z . ~ ' . f~.t f.d...r sa„~. a~o.~ ~.~«Nr~ S?~ CIE COUN ~ R ~ ~V - ~ ti ~ . . ~ • O( Fort P~erce. ~~.CO ~ fort Pierce, ftotida . _ . i ~ ~ ~~:36 ~ '68 ~ I~1 2S ~ This Instrument Prepared By ~~~~~d'"~ i First Federal Savings b to~n--Ikssociation R{.p~TR~,S of Fort'Pierce ROGE~ t CLERK CIFtCU1T COURT Checked By Richard K. Kay~s ~o~K~74 ~~~1s35 ~ . - ~ ~ ~t-