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Home My WebLink About0512 3. to place and continuously keep on ~he bu~!dings now or hereafter ~it~ate on sa+d land and on alt equipment and personally cove~ed by this mor ege, w~rh all prem~vrns thrreon pa~d in full, iire insuronce in the usual standaid policy fo?m, i~ a sum approved by the MOR~GAGEE, and windsto ~nzurance in the usual standard pol;ty fam, in a sum approved by the MORTGAGEE, in such company or companies as the MORIGAGEE m d~rect; and all fire an~ winds~o~m insurance policies on sny of said buildings, any inte~est therein or parl thereof, in the aggregate sum afwesa~d in excess thereof, shalf contain the usual standard mo~tgagee clause or such orher tlause as the Mortgagee may requ~re, making the lou undrr ~a~d po c~es, each and every, payab:e to said A\ORiGAGEE as its intaresl may appear, and each and every such poi~cy shall be promptly ass gned a~d det~vered ~ any held by sa~d AIORIGAGfE as iur~her security ~o said niorlgage debt, and, no~ leas than ten ~10) days in advance of the expirat~on of each pol~cy, to d~ I~ver ~o said h10RTGAGEE a renewal ~hereof, toge~her wilh a receipt for the p~emium of suth renewal; and ~here shall be ~+o f~re or windsio~~n insuranc placed on a~y of said b~itdings, any interest therein or part thereof, unless in the torm and with Ihe loss payable as aforesaid; and in the evenl any sun of moriey becomes payab~e under such poticy or policies said MORIGAGEf shall have the opt~on to receive and appty ~he same a? accoun~ of the indabted ~~~ss sec~red hereby or to permit sa~d MORTGAGORS lo reteive and use it w any par? the:eof tor oti~er purposes, riithoJt ~h~rco~ wai~ing cr ~n,p~ir ~~9 any e9u~ty, Iien or right under ot by virtue of this mot•gage; and in tF~e evenl sa+d MORTGAGORS shall :w any reason fai! to keep the said premises so msured, o? lai) to deliver promptly any of said poGties of insura~ce to sa~d MORTGAGEE, or fail promptly to pay fulty any premium therefor a in any respect fail to perfo~m, d~xharge, execv~e, effea, compfete, compiy wifh and abide by th~s covenant, or any part hareof, sa~d MGRTGAGEE may piace a~~d pay fw :uch insurance or any part rhereot w~thout waiving or af(ecting any option, lien, equ~~y, or righ~ ~nder or by virtue of this Matgage, and thc f~ll a~nounl of each and e~ery such payment shall be immediately due and payable and shall bear interest from the date thereof un~il paid at the rate o1 ~~~~:e per cent~m per annum a~d to~ether with suth i~re~est shal{ be secured by the lien of ihis mortgage. 4. To permit, cpmmit or suffer no waste, impairment o~ deterioration of said prope.vty a any parf thereof. 5. To pay aN and singular the costs, charges and expenses, including a reasonable attorney i fee and costs of abstracts of title, incurred a paid at any t~me by sa~d MORTGAG:E, because « in the evenf of the fa~lure on 1he part of the said MORTGAGOR to duly, promptly and futly perfwm, d~xf~arge. ; xec~te, effec~, complete, comply w~th and ab:de by each and every the stipulations, agreemersts, tonditeons, and covenants of said promiswry note and ~his „ortgage any or ei~her, and sa~d costs, charges and expenses, each artd every, shall be immediately due and payabte; whether o~ not there be notice da rnand, attempt to coll~t or suit pend~ng; and the full amo~nt of each and every svth paymeM shalt bea~ interest from the date thereof until paid at tht ~r oi nine cx~ cenrum pcr arn,urn; and all said costs, charge; and expenses inturred or paid, fogether v~nth suth interest, shall be secured by the lien of this mortgage. 6. That (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of sa:d sums of money herein rete~red to be not prompNy and iully paid within th~rty (3W days nexl after Ihe same severally become due and payable, wi~hout demand or notite. er ~c) in fhe event each and every the stipulations, agreements, conditions a~d covenants of sa;d promissory note and th~s mortgage any or either are nol iu;y, promptly and fully performed, d;scharged, executed, effected, tompleted, complied witfi and abided tiy, then in either w any such event the said ag 3ccgate sum memioned in said promissory note then rer~ai~ing unpaid, with interest accrued, and a~l moneys secured hereby, shall become due and pay ao.e forsh.v~th, or thereafter, at the oprion of said MORiGAGEE, as fufly and completely as ii all of the said sums of money were aginatly sr~pulared ro be pa~d o~ such day, anythi~ in sa:d p~omisswy note or in this Mortgaqe to the contrary notwithstanding; and thereupon w Ihereafter at the optio~ of s>..d MORTGAGEE, without natice or demand, suit at law or in equity, therefore a thereafter begun, may be prosecuted as if all moneys secured hereby r;,d matured pnor fo ds institution, 7. That in the event that at the beginn~ng of or at any time pending any suit upon this Mortgage, ~or ta foreclote ft, o? 1o refwm it, or to e~force F~yment of any claims hereunder, said MORTGAGEE shall apply to the Court havi~g jurisdiction thereof tor the appointment of a Receiver, such Courl shafl fcr~hwith appo~nt a rece~ver of said mortgaged property all and singutar, includ~ng all and singutar ihe incame, profits, issues artd revenues f~om whatever s~ urce derived, eath and every of wh~ch, it being expressly underst~d, is hereby mortgaged as if speufitally sef fath and deuribed in the granting and h.,bendum c:auses hereof, and such Receiver :hall have aIl the lxoad and effecrive funce,ons and powe.s in anyw~se.entrusted by a Cou~t to a Reteiver, and s_ ch appoi~rment sha11 be made by such Court as an admitted equity and a mafter of absol~te right to said MORTGAGEE, a~d wishout .reference to the aclequacy w inadequacy of the value of the property mortgaged or to the sotvency or insolvency oi said MORtGAGOR w the defendants, and that such r~~~,rs, proi~ts, inco~ne, issues and revenues sha~l be applied by such Receiver accord~ng to the iien or equity of said MORTGAGfE and the practice of such Court. 8. To duly, prompt!y and fu~ly perform, d~scharge, execute, effect, complete, comply with and abide by each and every the stipu~ations, agreements, :o~dit~ons and covenanrs ~n sa~d promissory note and th~s mortgage set forth. 9. That ;n the event the ownership of the mortgaged premises, or any parf thereof, becomes vested in a person other fhan the MORTGAGOR, the :=RTGACEE, irs successors and asiig~s, may, without notice to the MORTGAOR, deal with such successor w sutcessor in interest with reference to this o-rgage and the deb~ hereby secured in the same manner as wi~h ~~M1ortgagor without in any way vitiating or d~uharging the Mortgagori liability here- _;;:der or upon the debr hereby secu~ed. Mo sale o! fhe p~em;ses hcreby mortgaged and no forbearance on the part of the MORiGAGEE or its suctessas ~r assigns and no extension of the time for the paymem of the debt here6y setured given by the MORTGAGEE or its successws or ass~gns, aiull operate ro re!ease, d~scharge, modify change or affect the original tiabet~ty of the MORiGAGOR herein, either in who~e or in pa~t. 10. it is spec~ficalty agreed tha? time is of the essence of this cont~act and that no waiver of any obfigation hereunder o~ of the oblgation se- c~red hereby shatl at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. I1_ In a;id.~io~ to rhe forego ng month!y payments of princ'pat and interest ~equired by the promtsscry no!e secured hereby, mortgagor covenants { d agr~es to pay !o mortgagee v~ith each momh!y pay~:~ent an add~rionai s~m est~mared by mortgagee to be equal to 1; 12 of the annuat cost of fhe follow- ~ , A-Aif real property taxas leviad or assessed agai•tst the above described rea) estate_ ~ B:Pr_n-.lums on fire and windsro:m insurar.ce as herein requ~red to be carried on the imFroveme~ts situate on the above described premises. C-Premi~n s on wch mortgage guaranty Er.surar~ce as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. 5 Mortgagee sho!! frcm t~ma to s~me notify mortgagor in w~it~ng of the amo~~t dus and payable hereundar and suth sun~ shall thereupon be due and ~ ~b!e on th~ due dare of ~he ~ext month!y paymeM and each successive month thereaft:r urtil mortgagee shall notify morogago~ of a change in such ,unt. Such sums sF.a;t fJe appiied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance ? ,~'e~niums. ~ IN ~YITDJES$ YJH COF, th said M TGAGOR has hereunto set his hand and seal the day and year first afwesaid. ~ ~ S' n~, a~ ~ liv~~ the ence of: : L ` ~ ~ %l~ _ : r, ~ ; Char n ^ a " ~~ar, : l_.CL~ etSC <Seaq ; Addie Henderson ~~aq ~ 5~.4TE OF F[dR(OA ~ ; C~L'NTY OF - S't. L ~ ~ 1 Befwe me personally appeared Char 2es Henderson and _ Addie Henderson his wife, to me well known snd known to me to be ~ ty;= individua;s described in and who executed the foregoing instrumem, and acknowledged before me that they exetutg~l.the sar~ for the purposes th=_~ein expressed. And the said AC~CIIQ Hend T~OIl ` rt_ ~ r:~fc of the sa~d Charles Henderson ~ 1 upon a" sgpara(! and priv~te ~.aminat:on by me taken separate and apart f~om her said husband, acknowledged to and before me that she expcutediaic{ irt}t(c/Tent'lreety and volun- ~~~.iy and w~thout any compulsion, constraint, apprehension, w fear of or frort? her said husband. l.'~ ! , Y~ITNESS my hand and official seal this__ ~e ~}1. day of ~ 11. D. 19 72 Notary Public in and for t(~e~~ ate of Fi~rida.~t;La:ge ; Retu~n 70: My Commission expiret: ; F~rst Federal Sa•+~n~s a loan assoc~areo~ NOTARY PllBUC, Si1tTe"ot RORIDA et IARGE ; µY COMI~ISS?pfl ~XPIRES SEPT. 25, I915 ~ t Of Fo~r P~•-ce. go~~ gy Amer+can F3ankers InsuranCe ~o• ~ Fort Pi~r~z, florida ,~Kr ~ECOaoEo fILEO , ~~~MTY fU• This Instrument Prepared By J. H. Robetts Jr. St•~~~;,? FO~~RAS ~ First Federal Savings & Loan Association aRK r~" ~;1tT COUa7 of Fort Pierce, Florida afC~F~''~`•`~`~`~ Checked By C~ ' ~ ~3 ~n ~l 23'7622 ; BDRQK ~~tJ[) P~6f ~ - - ~ ; _ ~ ~ - - . _ - - -