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Home My WebLink About1942 ~ , 3. To ptact and con~invously kaep on tM buildinps now w Mreaf~~? ~ituate on ia~d I~nd and on sll equipmenl end pe?son~lly covered by this mon~ ~ge, with •11 premiums ~hereon pa;d in fu14 fire insur~nc~ in the u~ual ~~andard potKy fo~m, in • sum spproved by the MORTGAGEE, and windstorm in~~r~nce i~ tM ~su~l t~andard pol;cy fam, in • ~um approved by rhe MORTGAGEE, in i~ch company o~ companiri as thr MORTGAGEE m~y di~ettf and al1 firs and winds~orm insuranu polici~s on a~y of said buildin~s, any interesl tharein or part thereof, in the a89regate ium aforataid or in ~xttss thereo~, ~Mlt cor+tain the ~swl il~ndard ma~gsya~ tl~use or such o~hn c(auie as 1M Mortflagee may requ~ro, maAinp the ioss unds~ sa~d polF- ~ cies, each ~nd evKy, payable t+a ssid MORTGAGEE af ib interest may ~ppear, and each and every svch policy shall be promptly ass.gned and delive~ed to ~ •ny hsld by said MC?RTGAGEE as fur~her iecu~ity to said monyage debt, and, not less th~o ~en (10) days in advance of the expiration of esch policy, to da liv~r to taid MORiGAGEE a ~e .nwal thereof, toptther with a ~eceipt for the premium of svch ronewal; and thero shall be no fire or windiwnn iniurance p~xed oe~ a~y of said buildings, ~ny i~teresl thertin or parl thereof, u~les~ in tM form and with the loss payable at afuewtd; and in the event ~~y ium af rtw~eY becomes payaWe under such policy w policies said MORTGAGEE shall have the op~an ro receive and apply the same on atcount of the indebted~ nesa fKUrld hl~eby W 10 petmit aaid M~RTGAGORS 10 reteivs and u7! it p any pa~l thercof fo~ other pyrposrs, v~ithput the+eb/ waiving o/ ~mpai~- ing sny pu~ty, lian ot right under or by virtw of this mors~sye; and in 1M tvent sa~d MORTCaAGORS shall tw any ~eason (ail to keep the said p~emisrs io ~~sured, pr fail fo deliver promplly ~ny of said policies of insvrance to said MORTGAGEE, or (Ai! promptly to pay t~lly any p~cmium therefw p in any re~pect fail b perform, discharge, execute, efiact, complete, comply wieh ar+d ~bide by this covenant, w eny par~ he.eof, wid MORTGAGEE may place and pay fa such insuranq w~ny part thereof withou~ w+ivinp or affectioy a~y option, lien, equrty, or righr ur,der a by virtue of this Mo.tgags, and fhc fu!! urwunf of eich and avery ~uch p~ymenf shall b~ immediately due ~nd paysble ~nd ihall bes? interest f~om the date Ilxreof u~til paid at ths rate of } nine per centum par annum and together with ~uch interest shall be secured by the lien of this mortgage. To ptrmit, commit or wffer no waste, impai?rn~nt a deterioratio~ of iaid property or any part thereo(, S. To pay atl ind sinpul~r the costs, chuges and expenses, including s reasonable atrorney's (ee and coets of at;trstts of title, inc~r?ed or paid at any time by said MORTGAGEE, betavse w in ths event of the failure on the pan of tAe said MORTGAGOR to duly, promptty and fully perform, d~uharya, execute. ~ffett, compktt, tomply with ~nd ~b~de by esch and every the stipulations, sgreeme~ri, conditions, and mvenanrs of said promissory note snd thit matga~e any w eirher, aod sa~d cost~, char9ts and expcnxs, exh snd every, shall be immediately due and payable; whe~her w not there be notice da mand, attempt to colkct w suit ponding; ~nd the ful! amount of each e~d every svch payment shall bea? interest from the date thereof until paid ~t the rate of nine per ccntum per a~~wm; and all iaid cosri, charges and expensts irKUrred or paid, togather with such infe~est, shsU bs secured by the lie~ of thi~ mortQay~. 6. Th~t in tl~e event of any breach of this Mortga9e or default on the part of the MORTGAGOR, or (b) in the evenl sny af sa~d s~ms of aibn~ herein referred to be not promptly and fully paid within thirty C30) days next after the same severally become due and payable, without demand w notics, or (c) in tAe event each ~nd every Ihe stipulations, sgreements, conditiau and covenanta of sald promissory nota and th~s mwtgage any w either are o01 ~uly, promptly snd futly performed, d~scharged, executed, effected, completed, complied with and abided by, the~ in e~ther w any such avent tM said ~g gregata wm menrioncd in :aid promiuory npre ther? ?emaining unpaid, with interest accrued, and a!t moneys setured hereby, shall become dw and pay- able fwthwith, or thereafter, at the option of said MORTGAGEE, as fvlly and comple~ely as if all of the said sums oi money were wiginally stipulate~! to be paid on svch day, anything in said prom~ssory note p in this Mwtgage to rhe contrary notwithstanding; and the~eupon or the~eafter a~ the opfion of said MORTGAGEE, w~ihout not~ce w demand, suit at law o? in equ;ty, there(ore or thereaher begun, may be proxcuted as if all maxys iecu~ed hereby had matwed prwr to ils institution. 7. That in the event that at the begi~nirg of or at any time pe~di~+g sny suit upon this Mwtgage, a to foreclose ir, or fo reform it, or to enfo?c~ payment of any claims hereunder, said MORTGAGEE shal! apply to the Coun having jurisd~Uion fhereof for the appo~ntment of a Receive?, svch Court sMli forthwith ~ppoint a receiver of said mortgaged pto~xrty all and singul~r. includ~~g all and singular the income, p~ofits, iasues and revenues irom whatever wurce derived, each and every of which, it being txp~essly u+xkrs?ood, is Ixreby mortgaged ss if spec~iically sst fotth and deWibed in the granting and habendum clavses hereof, and such Receiver shall have all the brosd and effedive funct~ons and powrrs in anywise entrusted by a Court to a Receiver, and such appointment shall be made by svch Cou?t as an admitfed equity and a matter of absolute right to said MORTGAGEf, and without refe~ence to tF~e adequacy a inadequacy of the wlue of the ~operry mortg~ged or to the solvency w insolvency of said MORiGAGOR w the defendams, and that such rents, profits, incorne, iuuts and rcvenues shsll be spplied by suth Receivea atcording to the lien or equity of said MORTGAGEE and the pradite of such Court. • • 8. To duly, promptly and fully perfwm, d'ischarge, execute, effect, complete, comply wi?h and abide by each and every the stipvlations, ayreame~ts, condiYwns and covena~ts in sald promiuory note ~nd this mortg~ge set falh. 9. That in the event the owrxrship of the mortgaged premises, d any part thereof, bemmes vrsted in s person ether than thc MORTGAGOR, the MORTGAGEF, ib futcessors and auigns, may, withouf notice to the MORTGAOR, deal with such successor or successw in interest with referente to this mo~tgage and the debt hereby secured in fhe same manner as with lAwtgagp without in any way vitiating pr diuharging the Mwtgagora' liability hera under w vpon the debt hereby secured. No sate of the p~emises hereby mo~tgaged and no forbearance on the pan of the MORTGAGEE or i» successors or assigns and rro extensian of the time ;w the payment of the debt hereby secured given by the MORTGAGE~ or its successars w auigns, shall operate ro rekase, diuharge, modify change or affect the orginal liab~lity of the MORTGAGOR herein, eithe~ in whote or in part. 10. It is spedfically agreed that time is of the essence of tFis contract and tAat no waiver of any obligation hereunder or ef the obligation K. cured h~reby shail at any time thereafter be held to be a waiver of the terms hereof d of the instrumeM secured herby. 11. In add~tion to the fwego:ng monthly payments of prin~ pal and interest reavired by the promissory no~e secured hereby, mortgagor covenants and agrees to pay ro mortgagee with each monthly payment an add~rional sum esumated by mortgagee to be equal to 1/'12 oi the annual cost of the follow- ing_ A-All real property taxes levied or assessed against the above described real estate. B-Premiums on fire and windstwm insurance as herein requ~red to be carried on the improvements =ituate on the above described premises. C-Premiums on such mwtgage 9varanty inswar.ce as mortgagee shall from time to time deem fif to carry on the ban secured hereby. Mwtgagee shall from time to rime norify mortgagor in writing of the amovnt due and payable her~rxier and such sum shall thereupon be due and Fayable on the due date ef the next monthly payment and eath successive month thereafter ur.tii mortgagee shall notify mortgagor of a change in such amount. Such sums sha!I be applied by rteortgagee toward ihe payment of real property taxes, insurance prem;ums, and mortgage gua~anty insurance premiums. - IN WITNtESS WHEREOF, the s id MO/f~iGAGOR has Ixreunto s~t his hand and seal the day and r' st afore ~ Sigr Sealed and liv r i t p presence of: ~ ~ ' h ? f ~ /~a~ K--n STATE OF FLORIDA ~ couN~r oF S t. L uc ie Befwe me personally appearcd L eo n Hender s ho t Marie Hendershot ha w~re, to me wet~ known ~nd tno,an ro me to b. rhe ind;vidvats described in and who executed the foreyoiny instrument, and acknowkdged befora me that they executed the same for the p~rposes therein expressed. And the ss~•1 MaZi P Hpnd rehe~ wife of the said ~ eori H_rid ahc~ upon a separate and priv~t~ exam~naYan by me taken separate and apart from her said husband, adcnow{edgeci to and before me that she executed said irutrumenf freety and vol~rr ~arily and without any compuls;on, constrainf, apprehension, or feu of or from her said husband. - WITtJE55 my hand and official xal thn ~ day of arch A. D. 19.~_ Not~ry Public in snd for tM St~te of Florid~ ~t 4rp~ ~ ' ''~Y. Cortrniasion e~cpirp• Retwn 70: ,ta~i~aiuh~ ~ wOTARY PUbUC. ~TATE Oi FLORI~ AT IJIRCE Fint federal S~vings b Loan Association ;..i-' ,~rt.Z~M~ ~ f~ ~ p1~Q Of Fort Pierte. . ' ~ E 1 Fwt Pieres, Florida N: ~~'••ya~ F11.E~ AE ~OUNTY• F1.A• ; . _ =~''v• gT. y~R~F~~ ~ .t:~~: ~•~~Q1A 13~ ` ~ •~~{E..~w~titvS~~'7,.J~~i V ~ ~ • • . This Instrument Pre red B Y~'~'";~ i• . ~ y R ic ha ~rd K'.~ ~~`J i,s~ ~ O~ Z 59 First Federa! Savings b Loan Association ~ ',~,Rc~J ~~Ap 't3 ~ ' of Fort Pierce, Florida •..~':e~:'~~' ~ -•S r--~,~ Chetked By `''``e;;,,_ `~~~t~~n~~~•,,~'`' c 04TRt.S ~ : - RK CIRCUIT COUiiT: Cl.- Boo~ 1~~ ~~f19t~p t' - . cf - • - ~ ~ . ~ ~ ~ : ~