HomeMy WebLinkAbout1212 3. To pt~c~ •nd conrinuouity keep on ~M bu~'d~nps now w he~eaftN ~~tuat~ on sa~d tsnd and~ on all eq~ipna~t and personaliy covered by Ihi~ mo~fp-
ya, with ~II premiumt 1hHwn pa+d in full, 1iro inw~ance ~n the ~twl iiandard po!~cy 1orm, in a sum approved by Ihc MCRCvAGEE, and windttwm
in~uranc~ io 11+~ uswi t~andard pol.cy fam, in a eum •pp~oved by eM MORIGAGEE, in sucA tanpany or companie~ at the MORTGAGEE may
di~Ktj ~nd •II tir~ ~~d wfndsiorm ~n~urnnce polk~ei on aoy of ~a~d bu~~d+~+qs. ~ny intera+t ~ha~ein o~ pa~t thz~eof, in ~he apqr~ga~a aum ~faesaid a
in ~xpss thereof, ihall contain ~he usual itandard mortgaqt~ claus~ w iuch other cl~use a• tM Morty~gee may re~u:rt. mak;ng ~he toss vndr~ smd polF
ries, each and every, payable to said MORTGAGEE as ita in~r.e~~ may ~ppca~, ~nd cach and •ve~y wch po~~cy shsll be p~omptiY +u q~~rd a=~d dei~vered ~o
any MW by said MORIGAGEE as tu~~her aecu~ity fo said n,ortpa~e dsbt, a~td, no~ les~ than ten (t01 days in ad~arwe oi the e~pirar~on of eech poticy, to dt
I~ver fo ~aid MOR~GAGEE a renewal threo(, toflNher with s receivl (w the p+e+nium oi wcF~ renewai; and there shsll Ge no Lre or windsiorm iniurante
p~~c~d on any of seid build~np~, any interesl IM~e~~ or parl thercof, u~lrss ~n ~he iorm and with ~he loss payabie as ato.etaid; and in Ihe avent arty tum
of mon~y becprne~ payabk unJe+ su<h policy a pohcies t~id MORiGAGEE shail have ~he opnon ro rrceivr and apply 1!x sama on etcou:i~ of the indebted-
ne~s secvr~d he~eby or ro pc~mif sa~d MORTGAGORS to rete~ve and us~ it p•ny parl ~hc:aof ior o:ixr NurF~osrs, v.~~ho,:t ih,~~ u~ ~va~•.: o~ ~mpa~:• ;
iry +ny eq~~ty, I;en w right unde~ or by virtue of ~hii moreyaga; and in ~he event u:d NiORiGAGORS shal! fw any reason fail to keep the sa~d premisrs so ~
~r.wred, w fail to deGver promptty any of said poLc;et of in~ura~ce to sa~d MORTGAGEE, o+ fad promptly to pay iutty any premium therefa or in a~Y j
respeq fail to p~rfor~ distMrge, exewte, efFect, compfete, comply with and abide by this cove~ant, a any part hrreof, seid MGRTGAGEE msy place ~nd j
pay fa such iniwanc~ w any pa~t the~eof wiYnout waiving or atfec~iny aay optipn, lien, equ~ry, o~ n9ht unde? a by virtue ol this J~M1o~tga9e, ~nd tht i
f~!! a,novo! of ~acA and Qv~ry suth paymenl shatl be immediately dw and payable and shall bear intcr~st trom tFw date thcreof un~il pa~d a~ ~he ~ate ol
n~ne per cenwm par annum and to~rthrr with such inre~est shall 5e secured by the lien o1 th~f mortgage.
io ptrmit, commit or suffer no wasle, impairme~t a deterioratio~ oF said property w any ps~t thereof.
5. To p~y all and sinpular the costs, charges aod expenus, indud~ng a rraso~able at~anry'~ lee and costs of abslracts of title, incurred or paid at
eny time by uid MORiGAG'.E, b~cause o~ in the ~vent of the fa~~ure on the part of ~he said MURiGAGOR to du!y, pron,p~ly and futly pe:fwm, d~scharge.
e.rcute. etlect, tompl~t~, cornply w,th and ab:de by each •nd every the stipulat~ons, agrrrn,ems, condmons, and cove~~ants o( said prorn~ssory rtote and fh;s
n,orrgeye any or eitlxv, and sa~d coah, cha~ges and expenses, each and every, shall be i,nmrd~ately due and payable; whe~her or not the~e be not~ce do-
mend, attempf ro to:~ttt w wit pend~ng; and the tull arr.ovnt oF eacl~ a~+d every such paYmero •hall bea~ intereat from the date thereof until paid at the
•are oi ~ine per centum per am~um; a~d alt aaid cous, charges and excxr~ses incurred p pe~d, ioyether w.~h wch ~~iaeil, shall ba secured by the 6en of th~~
mortp~.
Q Ths1 (a) in the event of any breach of th~s Ma?ga9e w defaul~ on ihe pa~t o~ the MORIGAGOR, or ;b) i~ 1he evcn? any of sa;d sums of money
h~rein r~ferred to be not pranptly and fully paid within th~ny (30) days next aftcr the sarnt severa!ly be.o~::e dve and payable, wi~houf demand or notKe.
or (c) in the eveM eecA and evtry 11K stipulalions, agreementf. conditions end covenants of sa•d p~o~n;iwry oete and th:s mortgage any or e~ther are not
Yuly, prompliy and futly pc~fwrnrd, d~xhaiged, eaecuted, e+tected, completed, compl~ed with and eb~d~~d Sy, then in e~~Acr w any such event tiw sa~d ag
3reg~t~ sum menta~~ed in sa~d promistory note thert re~:wining ~npaed, with interest accrued, and atl moneys se<ured hereby; sRatl become due and pay-
abfe fprthwith, w therraf+er, at the option of said MORiGAGEE, as lvlly and complerety as it ail of ~t,< <a~d wms of money were o~~gina~ly sGpu:a~ed
+o be pald on such day, anytFing in sa:d prom~ssay note or in ti,is Mwtgagr to the con~rory no~w;thsta~:d~~. ; and there„pon o~ ~lie~eei~er at ~M opt~on of
sa:d MORTGAGEf, w~thoW not~te w demand, su~t at law o? in eqvity, the~efore ot thereaher beg~n, n~ay be proututc~! as if all moneys 3ecured hereby t
nad mawred pr~or to ~n in~t~rut~on. ~
7. That in the evenf that at the begin~ing of or ~t any fime pe~d~rg any suit upon rh;s Mortgage, er t~ foreclose it, w 1o reform it, or to enforce
~~ayrr.enl of any Naims hereu~drr, sa~d MORTGAGEE sMall appty to the Cour~ having ~unad~c~~on ~hereof for the•appomtment of a Rece~vet, suth Coutt shall !
For!hwith appo~nt a rtceiver of said mwtgaged prpoerty ell ~nd singular, inclvd~ng all and sin9;;l~r ths inconx, Rrof~ss, issues and revenues trom whataver ~
se~rce derived, each and every of wh~ch, it be;r~q expressfy understuod. ~f hereby mortgaged as if speaficaity ut fath artd desu~bed in the gronting and `
habendum clauxs hereof, a~d such Receiver sha~l have all the broad and effec~ive f~ncr~ons end powers in anyw~ae entrusted 'oy a Court to a Receiver, and
s: ch appointment shall be made by suci+ Court as an admitted equity and a matfer of absolute r;ght to sa;d MORTGAGEE, and wi~houl refererxe to the
adrquacy « inadcquacy of the value of the property mortg~ged o. to the so'~Yency or ,nsoi.rncy af sa~d MORiGAGOR or the dete~.dents, a~d that ~uch
ren+s, profits, inco~ie, isaves and flVMYlS shall be applied by such Receive~ accord~ng ~o the lien w equ~ty o( said MORTGAGEE and the practice of suth
Coutt.
8. To duly, promptty and fully perfwm, d~scharge, execvte, effect, complete, comply wi~h and ab~de by each a~d every the stipulations, agreemcnts, ~
cor.ditans and covenants in sa~d promissory note and ~h~s mortgage set fwth.
~
9. That in the event the ownership of the mortgaged premises, w any part thereof, betornes vested i~ a person other then the MORTGAGpR, th~ ~
MORTGAGEE, iri wctessors and ass~gns, may, wi~hout norice to the MORTGAOR, deat w;ifi such wccessa w successw in interest with ~eference to this ~
ma~tgage and the debt hereby secured in the same manner as with Mortgaga without in any way vitEati~g w d~uharg~ng the Nlortgagors' liability herr
under or upon the debt hereby sec~.ed. fYo sale of the prem~ses hrreby mortgagc-d and no forbearance on the pan of the NiORiGAGEE a its successws
or ass~gns and no exre~s+on oS the t~ma (a the payment of the deb~ hrrcby sccurrd given by the MORTGAGE'. or; its svccessors w au~gns, shail ope~ate
to reiease. dacharge, modify change or affed the origmal lia'u.l:ty of ~he lNORiGAGOQ here+n, either in whoie or in parr.
10. It is speufically agreed that time is oi the essence of this contract and that no waiver of any obl;gat~on herevnder or of ths obtigatan sr (
cvred her~by shati ai any time rhereafter be held to be a waiver of the terms hereaf w of the instrument aecurec! horby.
I1. In add,rioa to the forego'n9 monthly paym;nts of prin. pai and interesr requ~red by the p~om':ssory no!e secured hereb/, mortgagor covenants
and agree6 ro pay to mortgagee ~nilh each neonthiy pay~aent an add.nanal sum ~st:n,aled b/ mortgagee to t,e equal to 1: 12 of t~.e annva! cost of the follow-
,n~:
A-All real prope~ty taxes lev~ed w assesx-d against thc above descr~bed-re~i estate. .
B-Premivms o~ fire a~d windstorm inwracce as herein requ~red to be carried o~ the ~mproveme~M s:tuate on the above dascr~bed premises.
C-Premiums o•i srch mortga9e guaranty i~sura•.ce as mo~tgagee shalt from ~;me ta fime deem fit to carry on the loan sec~red hereby.
AAwtgagre s~3 i'rcm t~me to time notify mongagor in wr;f~ng of the amouat d~e and payable hereundrr and suth sum shaEt thcreupon be due and
:3vable on the d~e da!e oF the next month!y payment and each S~tcessive ~nonth thereaftrr ur.til mortgagee sha!I notify mortgagor of a thange in such
a~:ount. $uch sums sh~•~ 4re appiied by mortgagee toward the payment o~ rea' property taxes, insurence prem~vms, a~td mortgage guaraniy insuqnce
premiumt. ' ~
IN WIT 55 '.~'NERE f, the sa" MORT GOR has hereunto set his hand and sea~ the day and year ' st oresaid ~
Sig 'ed a, eliv ~ in re e of:
' .n ~
- ~n ~
- cs~n
_ - r~~~
SiATE OF FLORIDA ~
St i.ucie u-
COUNTY Of •
Before me penonally appeared t..ean Hendershot
and
~1r~@ Hendershot h~s wife, to me well known and knawn ro.~e ro bs
rhe ind'~ridwb dew~bed in ~nd who execured fF~e foregoir?g ;nstrwnent, and acknovrledfled beFore me that they eaecured the same for the purposes
~ti~.~~ ~x~.~ka. a,a ,r~ ~;d Marie H~ndershot
r.~fe oi ~?~e sa~d L6ori H~1d@ZlhOL ~~,~a
i e,am~nat~o~ by me ta4en separate and apart from her ~aid hvsband, atknowledged 1o and before me that sFx executed said irtstryr~i~ ~~~~~+N ~o`
ranly tnd w~tAovt any campulsion, consr~aint, appretx on. Ar fesr of a from her uid husband. ~yj4~~ti..~,~ r/; :
r ; .
" W1iNE5S my Mnd and official xal this_ da of _ r'
Y _ ~ . ~t
. • Notary Public in and for the ~t~p1 4t = r: =
My Com ~aai ~x ves: ~ : ~ ' ;
f~'_ ~ I.X.- ~ • ~ t
Rerurn To: ~ . ~
~~\~~~4~1~~•~`•`
First feder~l Savings 6 loan Astociahon FlLED AN i"
01 Furt Y r+ce ~ f~EriO~~EO ' .s.•:••••' C•:
ST.WCIECOUNTYFLA...~~;~:r~~F~~?~~.~,.~~- , '
.Fort P~erte. FIor~3a ~Q`•fQ P~~tR~s ~ ' •
CIERKCiRCUItCOURt ~ ~
RECORD VERIFIEO,~,Q~ \ ~ ~
U
This Instrument Prepared By Richazd K. Kayes fF8 ta ~Q ~~M ~T)
first Federal Savings 8 Loan Assauation
' of Fort Pierce ~ Florida
- 2t15021
Checked By ` .
BooK 190 ~.~~9
. ~
s~~ ~
~ u ~ _ , r ~ . :ti . _ ~ ~ .
~ . _