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Home My WebLink About1802 3. To placr snd continuo~sl~ leep on ihr bu~:d~ngs now o~ hereafte? s+~uate on sa~d land and on aC rq~ipment rnd personelly coverzd by this mor ege, w:th all pren~w~ns thr~eo~~ pa.d ~n lu:l, f,rc insurance in ~hr usual srandard pol~cy 1o~m, in a sum aHproved by ~he h1CR~G:.GEE, and windsro ~nsurance in Ihe uwdl S}3t1Ci3~d ~:OI Cy iorm, in a wm approvc~ by th@ MORTGAGEE, in Such evn•pany ot toenpan;es aS 1ha h!ORTGAGEE m d~recr and all fire an~ w;ndstorm i~iswonca polrc~es on any of sa~d buhd.n~s, any interest th~rein or part thcrrof, in the agg~cgate wm aforesa~d excess ~he~rof, s~~all :oneain the uwal s~a~~d~~d mongagee uau:e or such o~her clause as the Mo~rgagre may req~,re, maAing the ;oss und.~ s:.~d po c~es, each and every, pa,~b!e ro se~d AtJRTGAGEE as ~ts inierrst may appear, and each a~d eYe~y wch po.~c~ shalt be p~orr.puy assgnrJ and deGver~d ~ any held by sald 1dORIGAGEE as further s_curity ro sa~d mortgage dtbt, and, not !ess than 1en (101 d3ys in advaoce of ~he e~pi~at~on of ejch potity, to d. Iher to sa~d MORiGAvEE a~enewal ~hereof, togethar w+th a rece+pt for !he p~rmium oi suth rene,+val; a.~d tnere shall be no f~re a~ w~ndsto~m insurant p~ated on any of sa~d build~ngs, any i~~r~~est the:e:n or part ~hereof, unless in the fo~m and w~th the loss payable as afaesaid; and in the eveot any sun of money becomes payable ~~~dr~ s~ch Noticy or poLcies sa~d MORTGAGEE shalt have rhe opKo~ ro rec•_~~•~ a~~d app!y r~e same on accou~~t of ~he i~~drbt~~d nes: secwed I~~eby or ro perm~t sa~d MORiGAGORS to recrive and use it or any part th.~:cof 1or o;~,~r F.~r; ~s~~s. :..~ho~e ~h,~~~: wc~:~,~ or ~~~~p„~~ ~~g any equ~ty, lien or right undar or by virtue of this n;o:'gage; a~d in the evem sa;d MORTGAGORS shall 'or any reason fait to keep the sa~d pre+nii.~ so ~~sured, or fail fo de~iver prompdy any of s3id pol~cies o! insurante to se~d MORTGAGEE, or f~~i p:o~nptly to pay fu::y any pre~nwm thcretw or in any respen fail ~o perform, d~scharye, executr, e(fett, completa, to:nply with snd ab~de by this tova~ant, o~ any par~ hr~eof, said MGRiGAGEE may p~ate a•o pay fw such insurance or any parf tfiereof w~thout waiving or atfeding any opt~on, tien, eqv~ty, or right u~dar o~ by virtue ol this htortgage, and tht t„II a~no~n~ 01 each and every such payment shall br immed~ately due and payable and stiall bra~ interest from the date thereof un~il paid at ~he rate ol n~ne prr ce~vum per annum and to~rthcr with wth interest shai~ be srtured by Ihe lien o( this mortgage. ~ 1. To permit, commit or suffer no waste, impairment w deterioratio~ of said property or any parf thereof. 5. To pay all and singular the co:ts, tharges and expenses, including a ~easonable afro~ney's fee and cos~s of absfracts of title, i~cuired or paid at any time by sa~d MORTuAG'_E, because or in ihe event of the fa~lure on Ihe part of the said MORTGAGOR to duly, promptly and fu:ty peitwm, d~scharge. e.ccutr, effect, comptete, comply w~th and ab,de by each and every the stipulai~ons, agrec~nrnts, conduions, and covenanrs of sa~d pro:~~issory nore and th;s ~:o~rgaoe any o~ eirher, and sa:d tosts, charges and expenses, each and every, shal~ be immed~atety due and payab,e; whether o~ not there be nor;ce d~ mand, attempt to co:lect pr auit pend~ng; and the full a:nount of rath and e~ery svch payn~ent sh~ll bear interest from the date thereof untii paid at the ~+e u= n,ne ~xr c~n:~m per un~~u~,; an~ dlf SdiCI C45tS. Chdr9dS d~ ex;h:nses ifiCW/C(I pI ~aid, togrthar w.th such interest, shail be sec~red by the Gan of tha mortgage. . 6. That (a) in the event of any breach oi this Mortg~ge or d~fault on 1Fr_ part of the hIOFTGAGOR, or (b) in the evenl any of sa:d sums of money t,ercin referred to oe r~o~ pro~»p~ly and fu~ly paid wlthin thuty (301 days next a!rer the same severa!!y becane due and payabte, wiihout demand or notice, or ~c) in the event each and every the stipulatlons, agree~nents, cond~tior:s and tovenants of sa.d pro~n~ssory note and th~s mo~tgage any or eitAer are not ~uly, prompily and futly ~~Formzd, d.scharged, exewted, effected, compteted, compGed with and a6~dud 5y, then in e~ther or any such event ~he said ag are9ate sum mene~oned +n said prom.fsso~y nore rhrn rema~ning unpaid, with i~terest accwed, and atl moneys secured hereby, shall become due and pay- ~u.e forthwith, or th~rea~ter, at the opt~on of sa~d A10~2TGAGEE, as lully and completely as it aIl of tf~r sa~d sums of money were o~~ginaily snp~iated to be pe:d on such day, anything in sa.d pro:n~ssory note er in this Mo~tgage to the con~rary notwithstand:,~g; and thereupon or thereafter at the opt~on of s~ d MtORTGAGEE, w~tho~t r,onca o~ demand, suit at law w in equity, therefore or tAereaher begvn, may be proset~ted as if all moneys secured hereby n.:d metured pnor to its i~stitunon. 7. Tha~ in the event that at the beginn~ng oF or at any time pendirtg any suit upon rhis Mortgage, or !o ~aeclose it, or to reform it, or to enforce p~yment of any claims hzreunder, said AP,JRTvAGEE shai! apply to the Court having ~unsd:c~~on thereof for the appo~ntment of a Receiver, such Cour~ shail forshwith appo~m a recei~er of said mort9aged property afl and singular, intiud,n9 all and singu~ar the income, p~ofLts, issues and revenues from whatever s~vrce d~riv~d, each ar.d every of wh:ch, ,r i~e+„g e~pressly undersrood, is he.~by morigaged as if specilicaily set forth and described in the granting and h~bendvm c,auses hereof, and svch Receiver shali have alt the broad and effec+~~e funct.ons and powers in anyw~se entrusted by a Cou~t to a Receiver, ar.d s_ch appointment shail be made by such Court as an ad:nitted equity and a maerer of abso~ure right to sa~d MpRTGAGEE, and without reierence to the n~i~.quaty or inadequacy of the value o( the prope~ty mortgaged or to the so•vency o+ inso;vency of said MORiGAGOR p Ihe defe:~dants, and ihat such .•,rs, profits, inco.ne, issues and revenues shai~ be appifed by such Receiver accord:ng tn the ~ien or equity of aa~d MORiGAGEE and the practice of such Court. B. To d~!y, prompt!y and fu~~y perform, d~scharge, execute, effect, complete, cornply w~th and abide by each and every the stipulations, agreements, conditions and covenanfs ~n smd promissory note and th~s mortgage set forth. 9. That in the event the ownership oi the mortgaged premises, or any part thereof, becomes vested in a per~n other than the MpR7GAGOR, the '.:ORTGAGEE, its surcessors ar.d ass~gns, may, w;~hout no~ice to the A'IORT~,AOR, deal w~th zuch svccessor or succeasw in interest with reference to thia rro~rgage and ihe deot hereby secured in ehe same manner as with Mongagor w~tfiout in any way vit~ating or d~scharging the blortgagors' liabiiity here- ~nder or upon the debt hereby sec~red. No sa'e of the premises hzreby mo.tgaged ar.d no fo~bearance on 1he part oi the IhORiGAGEE or its wtcessors or ass~gns ard no ex!ens~on ot the time fw the payment of the deb~ here6y secured given by the MORTGAGEE or its svccessws or au:gns, a~~all opera~e to re~ease, d~scharge, modify change or affect the origmal iiau,Gty of the MOFTGAGOR herefn, either in whofe or in part. 10. It is sper.ficaliy agreed that time is of the essence of this contract and that no waiver of any obl~gation hereunder or of the obligation se- c:,red hereby sha:'~ at a~y tinte thereaf~er be heid to be a waiver of the terms hereof or of the instr~ment secu~ed herby. 11. In ,;;id.Y:c~ ~o the 4orego n~ mont~'y p;aym:~ts of princ pal and interesr requ~red by the prom sscry no~e sicured hereby, mortgagor covenants d agr~es to ~ay ro ~.:e-t3agee n~rh eacr, m:n~h'y pay:.;znt an add~nor.a( sum esnmated by mortgagee to be equal ro i i2 oF t;~z a~znual cost o( ihe fo!!ow- A-Afl real property ta.as :ev~_d or assesscd ag.~;~st th~ aL-ove descrihed real estate. B-Pr~~t,:~ms on fire and viir.dstorm mwrarce as nere~n req~:red to be ca•nFd on the Emproveme~ts situate on the above dascribed premises. C--Pre~n~vn.s on s~th n:ortgsge gva~anty insurer:~e as mortgagee shall 4rom t n,e to rrnc dcem fi1 to tarry on the (oan sccu:ed he:eby. blortgagee sha!i .'rom r~•ne to ti:,~e nonf~ mertgagor rn wreting of the amouot d~e and payable hereundrr and such su-n shall fhereupon be due and :,,ab!e on th~ d~r dare o~ ihe ~~~_xf n,o~th ~ payment and each successive month thereafier ucfil mor~gagee sha!1 notify mor!gagor of a change in such o~nt. S~ch s~ms sha i be aNp:ied 'oy mott~ay~e towa~d the payment of real property taxes, insura,Ke prem:ums, and mortgage guaraniy inwrante . ~ •emi~ms. N~'lITNESS :'1HEREOf, the sa~d A50RTGAGOR has hereunto set his har,d and seal the day and year first afo:esaid. ~ gn d, Sealed a~d detiv d in the presence of: ,,f, ~ ~ L~-~••~,_ ~e~,a.~L a Osmo A. Nen erson ~~si~ ~ 'vGt'Li! ~'i-~ ~Seal) _ _ Eula Henderson ~~a~~ S":+TE OF FLORIDA ~ St . Lucie ~JUtJTY Of _ ~ Before me personally appeared ~SmOI1C~ l~. Nenderson and ' Eilld Henderson his wife, to me we(t known and Icnown to me to be ~ t~e individua~s described in and who executed the foregoiry instrument, and acknowiedged before me that they executed fhe same for the purposes I ~~ereiR expressed. And rhe sd~d_-Eula Henderson - ~ ~ r:'~e of the sa:d _ ~SIDOIIC~ A. HQA(jeYSOII uppo a.deperat~ snd priv~te :.am~na~~on by me taien separate and apart from her said husbaRd, acknowledged to and befwe me that she exec~te~'i@F~ ~nswn~t. freety,arxl votun- -:cy and w~thout any tompuision, consnaint, apprehens~on, or fear of or from her said husband. . LYIil~ESS my hand and offiual seal this_ a~~ day of JU 1 f~•A: Q, 19 72 ~~t c nl L{ ~ ~ . ' Notary Pubtic in and for t}ie~State.~f, rida at~laige = My Comm:ssion expires: ` ~ ~ ~ - Rerurn To: y C~,•.,,,~~ ~~y t~. : first Federal ,~,avings 3 toan Associat,on . NOThRY PU~~~TATF,O~~?yHCrYA~ L~~iE Of Fort P<rce A1Y COA~~~iIS$f E~'q~1SlPT: 25. 1975 fort P~e:ce. Ftcr~d~ Bonded By Ambiceo Bankea'tasurance ~%o- fILEO ~~CORO[0 ' This Instrument Prepared By Richard K. Kayes gT,~UCtE GOU1~tY f~1?' Fi~st Federal Savings 8~ Loan Association pOCE~ PD~jRAS ~ of Fort Pierce ~ F lor i da ClE1'• fE ~~F+EO C~~RT RE~oao ~ ~ZZ Checked By - ~ 10 54 ~ ~ B~GK ~ai~~~~~ ~ 34~Q86 ~ ~ ~ ~ ~ ~ - - - - ~ " ~ - . ~a