HomeMy WebLinkAbout0326 3. To p'ace and co~~tmuous~y ~eep on the bu~'d~ngs now or hereafrer s~tuate on sa~d land and on a~l eq~ip~nent dnd persona~~y cove~ed by th~s mor
age, w~th all pren;iu~~~s thers~on E;~~ i~i fuil, t~re ins~rance in th~ uwal staizdard poiicy form, in a s~~t~ a~•y~oacd by tha h1UR~~a:.GCE, ~~~d w~~»dsfo
msvrancr in ~he ~s~al s~and.~rd po:.cy torm, in a wm approLed by ~he MORTGAGEE, in such co~npany or co~n~:anies as ~he P.102iGAGFE m
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d~rec~; and alt i~re ar.d w.nclsrorm insurante poi~c~es on any of :aid ixi~td~ :~s. s:y :...c.:::. :!:eree-^• o !!u-••'ot, ~r, eha a~nr.~aa~e s~m aforesaid
in eacrss Ihereof, s1~a11 :untain the us~~l st~ndard mor.gagee ciause or such oiher ciause as the Mo~tyagee may requ.re, mak~~,g tha ~ois unJer s~~d po
c~es, each and every, pa,:,b'e to said ~titORTGAGEE as its intar~~st may appear, and eath and every such po.~c/ sha~l ue promNUy ass y~~rd a~~d deiiv~~r~•d ~
an~ heid by sa~d ~.',OR[GAGEE as fu-~her s•~c~rity to said ~+~ortgage debt, and, not less than ten (IQ} d~ys in ad:ance of the expirahon o4 each poticy, to d.
;~ver to sa~d h10RTGAGEE a rrne.val therrof, together with a rece~pl for the premium of such ~enexa!; a~~d ~hrre sh~il be no i~re or wi~~dstcnn insuranc
placed on any ai sjid bui!d~n.~s, any interest there~n or part thereof, un!ess in the form and w~th ihe ~css pay~b:r as a'.oresaid; and i~. the event any sun
of money becornes paY~S'e ~nder wch poiicy or Hol;des sa~d MORTGAGEE sfiall have the opt~on to reca~~~e .:~~d api=ly r~e sa:ue on accoun~ of ~he ind~bt~•d
r._•ss xc~rad ha~eby or ro permit sa~d IAORTGAGORS to ret~•ive and uae il or any part th•~reof lor c:~~•. r~,ur;. ~s,s ~l~t ~f~.•, ,y_,~„~ cr ,•~:p..~~
~ny any rqu~ty, I~cn or right under or by virtue of this mCrrgag~; dnd in the eveN sald A10RTGAGOR$ sha!I `.o~ any raason fail to kcep the sa~d premises so
ns~~~-d, or fail to d_t~~e~ p;o~nptly any of s.~~d pol=ei~~s of insurance ~o said h10RTGAGEE, or fa~! pro~~~p~iy to pay fu~t~ any prc•.n~~~n thereto~ or in a~~y
respeu ia~l to perferm, d~s:h~~ye, execuie, effect, completa, co~nply wirh and abide by th~s cov~~~anr, or any per~ hareof, sald MGRT~AGEE may piac? a~o
pay for such ins~r,+nte ot any part thereof w~thout waiving or affecting any option, lien, equ~ty, or ri~ht under or by virtue of this Mo~tgage, a»d the
+;;il amount of each and e.ery such paymrnt shall be immediately due and payable and sha!! bear i~terzst from ~ha datr thereof um~l poid at ~he rate ot
n~~ee per cvmurn per ar.nu r, and +u}_~h~•r ,ti~h w:h i~~re~est shau ~e s~cured by the lien oi th~a mortgage.
J. To permit, commit or suffe~ no waste, in:pairment or deterioretion of said p:operty or any part the~eof.
5. io pay all and s~ng~lar the costs, charqes and expenses, including a reasonabte attorney's fee a~d c~«s c+f rh~trac~s of title, incurred or uaid at
any f~•~:e by sa~d htURiGAG:E, because o~ in the event of the fa~lure on the part of the said MORTGAGOR to duiy, p~o~npdy and fu;ly perfonn, d~schsrge.
~,c,~ta, effect, comH•:ete, co npl~ wnh and ab.de hy each and every the stipulauons, agreements, condihons, and covena~~fs of sa~d promi;sory note and shis
norrgage any or e~ther, a,~d sa.d costs, charges and expenses, eath and every, shall be immcdiatefy due and payabte; whether or not there be nonce ds
.,;,nd, atte,rpt to coiiect or s~it pe~~d~~:9; and ~he full amount of each and every such paymeM shall bea• ir ..~st f:ane !h~ aate !tie•eeF ~~.+i~ pa~d a~ ~F~p
re o` ~.~•~e e:er c~~~r„•n F.~r ~.,u; ~nd ai~ soid ccsts, charges and exprmes irx~rred or pa~d, toy~thrr ~v~th such ~nterast, shall be secu~ed by the Ilen of th;s
mortgage. '
6. That ;al in thr evc-nt of any brc~ch of this •SAo:tgage or default on tFw part of the :~•.ORTGAGOR, or ~b) in the event any of sa'd sums of money
t e-e1n referrad to ba not pro~~ F,Ny ar~d fu~~y pa~d wirh~n th:rty (3U1 days next ai~•.r the sa.,~e severa'ty 6eco~~~e due and payable, wifhout de~na~.d o~ notice,
~r ~c) in the eveN each and every fhe stipu•anon:, agreements, condnions and covenants of sa.d promissor7 no:e and thls mortgage any or either are not
1vly, promprly anJ fui:y pertormed, d xharged, executed, eilected, completed, compi~ed wnh and a6ldrd ~y, then in enher or any such event the sa~d ag-
,•,3a!e sum mc>ntioned in sa~d pro~+:~ssor~ ncte th~~n reinaining unpa~d, with intrre;t ar,~~ed, a~~d ae~ moneys secured heteby, shall bacome due and pay-
, e ferth,vlrh, o. ri:ereaft~~., at the op!~un ot so~d ti10BiGAGEE, as fully a~w~ complete~y as if a+i of tf:t~ s~~d sums of money wrre ong~na~Iy s~~p~:ated
> hr pa.d on s~ch dr.y. anythin~ ~n sa d prc:n~ssory note or in this /dortgaga to the contrary not.~~ihsrandh~y; and thereupon or thcrealter at the option of
s• 1 :',ORTGAGEE, wnhcut notice or dema<<d, suit at law or in equity, the~efore or thereafter bey~n, may be p~osecuted as if a!I moneyS setured hereby
n..d ~natured pnor to ~ts instituhon.
7, Thar in the evenr ri,at at ~he beginn ng of or at any time pend~ng any su~t upon rh~s Mortgage, o~ to foredose it, or to ?eform it, o~ to enforce
,:yment of any ciaims hereundar, said RtORTGi.G~E sha~! appiy to the Court havmg ~u~~sd.,tion thercc! for the appomUnent of a Receiver, wth Court shail
i~ ~+hwith appou~t a rece~ver of ss~d mortgagrd property ail and singular, indud ng a{~ and si~~gu~ar ti~.e i^come, proLts, iss~es ana revenves lrom whatever
s. :_e der~ved. e.:ch and every of wh ch, is bcmg express!y understood, is Fereby mortgagrd 'as i4 spec fic~:ly set forfh and descnb~d in the grar.hng and
'~.e::dum c'alses her~of, and suCh Rrteiver shall have all thn br~ad and et~ecr~ve iu~~c:.cns and po-:.ers m anywise em~usted by a Cour1 to a Receiver, and
s__'o appointment sh~i~ be made by such Court as an admitted equity and a matrer of absoiute r:ght to sa~d MORTGAGEE, and w~thout reference to the
yuaty or inadcq~acy of the valve of ihe property mortgaged or to the so;vency or ~nsoi.ent/ of said lfORiGAGOR o~ ih~ defendants, and that svch
.~~~•s. proEits, into.ne, iswes and revenues shati be appi~ed by such Receiver accorti~ng to the tien or eqviti of sa;d 1~10RTGAGEE and the p~acr~ce of such
Cc~rt.
8. To du'y, prompt!y and ful!y peiform, d~scharge, execute, effect, complete, comply w~th and abide by each and every the st~puiations, agrearr.ents,
~ndrtions and covenams m sa~d promissory note and th:s mortgage set forth.
9_ That in the event the cv.nersfi~p of the morigaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the
~RTGAGEE. its successors and ass~g~;s, may, v:lrnour norlce to the A10RTGAOR, deai wit~ such successor or successor in ~nterest with refere~ue to this
o•tgayc and thc d_u1 he~eby se:u~ed in the same manner as with Mortgagor w~thout~ in a~y way vit.ating or d~scha~g~ng the /lortgagors" liability here-
der or upon th~ d_bt here~~ setur~•d. No saie cf the F•en:~ses hereby mongaged a~d no forbearance on the pan of the /dORTGAGEE or its successors
as5!3n5 end no ex•ers~,on ot me r,:ne tor rhe paymen~ or ine deb~ hereby secured g~ven by the P1lORTGAGEE or its wccessors or ass:gns, a~~~all operate
!o re~ease, d.scharcle, mod~fy change or affect the oria~nal liao~l~ty of ~he MORTGAGt7R herein, either in whole or in part.
10. 1t ~s speCficeiiy agreed that t~rne is of the essen~e of this confrad and that no waiver of any obl;gat~on hereunder or of the ob!igation sr
c.,•rd hereby sha:. at an~ time thereaiter be he'd to be a waiver of the terms hereof or of the instrumem secured herby.
11. In rrc ~ b~he {oreqe ~~p r^o^thl~r pay~nt•nt3 Of pri~c paV and iMeresl requ~re(1 6y lhe prOm-~sscry ~o!c• s•=cured her~~b~, mortgayor COVBndniS
~ d 3grces !e pa~ ro :~.o rg:ty~'e v.~rh rach r~•e~~th:y paq,.,en1 an a<:d~uonal sum est mated by mortyagee to be eyua! to 1 12 of Yie annual cost of the follow-
A- AI: rca: E~cp•~r.y is~ ~s ~ev~_d or d55P5Y_U agai•~st the aoove desc~~b,d real esrate.
fi Frr....: s o:i f~re and viindsto.m ~nsorarce as i~erein req~~red to be carrir~d en the ;m,.roveme~ts s:tuate on the above d_xr~bed premises.
i C-Pr_:>•~o,• s un such rr.ortg:,ge guar;nty ~rsura~ ce as merryagee sha;! froT r'~ne to ti,r:e deem fit to carry on the loan secvred he~eby.
~ ~:~ortg.:g_e s~_ ~.`~om f~•na to t~~~:e notif~ mertya~er in wri!~ng of the a~:~ou~t due and payable hereund=r and such s~rn sha!I thcreupon be due and
i :b:e o~ fh~• d.., r.:,•_• cf th~ rn_~.t m~o-~th.; f;~y~re~it and exh successive ~ron!h thereafr:r u~:tii mortgagee sha'I not~fy morrgagor o4 a change in such
k ~nf. Sv:h s.:•~ s s! .~.i 6e a;,~~'~ed :,y rnortga~~:e toaa•d the payment of real property taxes, ~~svrance prem.ums, a~id mortyag~ guaranty insurance
{ ~ nwms.
i IN 'i:1T~lESS ::HER~Or, the said MORTGAGOR has hereunto set his h3nd and sea: the day and year first af esaid.
S~gned, Sea!ed ar.d ~ ered in the presence of: '
~ l ( ~~l~ (Seal)
- C . R . Hendricks ~~ai~
" ~ _ ~ ~lER M~.RF~SlE f/FN~R/LkS~s~a~)
~f ~_~Ot~~"~'1~L_~ E/O~B~ACU~F~A' Bessie Hendricks ~~aq
S~:+TE OF FLORIDA
~~~~'ver ~ ss.
~:%U'JTY OP ~
Before me pe~sonally apPeared _ C• R. Hendricks and
geS51e Hendricks t,~: wife, to me well known and known to me to be
rf,_ ind~viduals described in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes
rke•e~n expressed. And ~he said__ BeS S 1@ Hend r icks
~ ::,`a of ~he sa~d _ C. R. HQTidI1CZC5 upon a separate and p~~~ate
_~.3m:natlon by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrument free~y and v01~?i1-
rf and w;thout any compulsion, constraint, apprehens~o~n, ~or
~f ar of or from her said husband. '-t
WITNESS my hand a~d of4icial seal this_.. -a.l! day of Oc tobe r j~ 0u~~ '-~B: ~
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~ Notary ublic in and for t e State of Hot~1s at l~rrge ~
~ My Commission expues: . ~ : 7. ~ f~ : _
Ret~rn To: i ~ d
~ CY ~
First federal Savings 8 Loan Associafion i~ : '
o: P. .~-5=7~~- •p~~ ;
Forr P~~rce. F~sr~do i!'~ :~w • ~ ~ - ~ ' - ' .
' - . , . . . . r~• !t t•t\a %~s~
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This Instrument Prepared By : J. H. Roberts~ Jr. t~~?Mp aEGOR0E0
First Federal Savings & loan Association 4UCIE C4UNT~ ?L~.
~f Fort Pierce ~ Flo rida 33450 Rp~EIt PbITiiAS
~ECOkO vER~F ED COU~T
Checked By
BO~K~O~ ~'ACE 3~V OCT IO IO 56 AM'7Z
239591
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