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Home My WebLink About0957 3. To p'ace and conrinuously keep on the bu~'J~~:~s now o~ hereaite~ ~ tvate on said land and on a~~ eq~~yinent and penonally covr~ed by th~s matg- ags, with all premwms ~~:ereon po,d in f~il, tire ins~eance ~n tha usuil seai~dard po~icy form, i~ a s~m approred by thr MORiGAGEE, and w~nds~o~m insuronce in thr usvat s•andard po!.cy fo~m, in a sum appro~rJ by ~he MORTGAGEE, in such~ co~r~pany o~ cempanies as fhe MORIGAGEE may d~rect; and aIl (~re ar.d w~ndstorm ~~s~:ance po'•:c~es an any of aa~d b~,1:d:ngs, any iMCrest therein or pa~t the~~wl, in ~he aggrega~e sum aforesa~d w in a:cess th:reof, shall conra~n the usual s~a~:dard ~noregagee ciause o~ such other dause as the Mo~fyagre may ~equ.re, maAing the ~o,s undrr s~~d poli- cirf, each and avery, payab:e to se~d A\JRiGAGEE as ~~s mtarrs~ may appear, and each and every such po!~cy sheil be prompuy ass g~~ed and de~~Yar~d to any held by sa~d h10R(GAGEE as funh~~r s•_curity to sa~d mo:~9age debt, and, no~ tess than ten (10) days in advance of ~he exp~rat~on of each pollty, to de- Gve~ to said A10RTG~GEE a re~ev.al ~herrof, to9eihar wiih a receipt for tlw premwm oi such renewal; and there ahall be no fire o~ .v~ndstol~n ins~rance placed on any of sa~d b~i!d~ngs, any intelest thereln w part thercof, unfesa in the form a~d w~th the loss payable as aioiesaid; and in the event any sum of money becanes payable undr~ s~ch poticy or p.~Gcies sa~d MORTGAGEE shaH have ~he opt~on to recrive a~~d apN1y the sa~ue on account o( the indroted- ness securzd hareby or to perm~t sa~o MOR7t'iAGORS to reteive and use it or any parf thereot for otn~•r ~:U~~'ASCS, \Y~~nvJt th ~r w.:~~~ vr u~,P~~r- ing any. equ~ty, IEen or r~ght ~ndrr or by ~irtue of this mo:egage; ar.d in the evem sa;d MORTGAGORS shall for any reaaon (ail to kcep the sa~d premis_s so insured, o? (ail lo de'ive~ pro~nptly a~y of s3id poLeies of insurance to sa:d MORTGAGEE, o~ fa~l promptly to pay fu~~y any p~ene~um therefor or in any respect fail to perfo~m, d~scharge, exe<ute, etfect, c~nptete, comply with and ab~de by this covenant, or any part h..>reof, sa~d MORIGAGEE may piace a~~d pay fw such insurance or any par? the.cof w~thout waiving or a(feding any option, lien, equ~ty, or ngh~ under or b~ virtue of this Mortgage, and thc full arnount ot each and eve~y such pay~r,ent ahall be immediately due and payable and shall bea~ interest from the date thereof until p~~d at ~ha rate ot n~ne per cenwm pe~ annum and tog~•ther v.irh such i~~Trr~st shaii be secured by the lien of this mortgage. To permit, commit or suffer no waste, impairment or deterioration of said property or any parl therea{. S. ~o pay all a~d singular the costs, charges and expenses, including a reasonable attwney's fee and costs of abstracts of title, inc~rred or pa~d at any time by sa~d MORTGAGEE, because w in the eve~t of fhe faiiure on the par~ of the said MORTGAGOR ro duly, p~omp~ly and fu~ly Rerform, d~scharge. _:ec~te, effect, canplete, comply w~th and ab de by eath and every the stipu~anons, agreemtnts, tond~hons, and coveria~~ts cf sa~d prom~ssory note and th~~ .~~o~tgage any or e+ther, ar.d sa:d costs, charges and expenses, each and everv, sha~l be immediately due and payab:e; whether or not there be no~ice dr mand, attempt to coltecl or s~it pend~ng; and the full amount of each and every such payment shail bea. inrerest from ~he date thereof until paid at ~he r: ir ot nine per crntum prr annu.ti; anc' aU sa~d ccsts, char~es and exue~~ses incurred ot paid, together w~th such :nterest, shall be setured by the i~en o1 thif mortgige. b. That (a) in the event of any breach of this Mortgage or defavtt an tM part of the MORiGAGQR, or ;b) in the er•ent any of sa:d sums of money Ferein referred to be not promptly and fu~~y pa~d wi!hin thu~y ~3U1 days neaf aieer the same severally beco~~e due and payabte, without demand or norice, er ~c) in thr evem each and every ~he stipwarions, agreements, cond~t~ons and covenants o! sa:d promissory r.e~r and th~s mortgage any o~ either are no1 iviy, prompdy and fufly perforrned, d.acharg_d, executed, effected, completed, compi~ed w~th and ab~ded Sy, then in e~~her or any such event the sa~d ag ~-yate sum memio~~ed in said promissory ncte then remaining unpa~d, with interest accrued, and atl moneys setured hereby, shalt bccome dve and pay- ebie forihwirh, or thereafter, at the opr~on of s~id N,ORTGAGEE, as fvily and completety as if a11 of thr sa~d s~ms of money wcre or~g~r.ally st~pu:ated rc be pa:d on such d4y, anyihing in sa d pro:~ussory note o~ in ~his Mortga~e to ine connary notyvithstandi~tg; and thereupon or theieafter at the opt~on of sr:d MORTGAGEE, w~iho~1 naice or drma~xi, w~t at law or in equny, therefo~e or thereafter begun, may be prosecuTed as if atl moneys setured hereby n_d matureJ pr~w to ~ts inst~runon. 7. That in the event that at the beginn~ng of or at any ti~ne pending any suit upon this Mortgage, or to fweclose it, or to reform it, or to enforce parment of any claims he~eunder, said 1dORTGAG:E sha!! appty to the Court having ~ur~sd~Uion the•eof for the appomtmem of a Reteiver, such Covrt shail fcr!hwi~h appoint a receiver of said mortgaged property ail and singular, inc:ud~ng ai1 and sing~+ar the income, proGts, issues artd revenues from whateve~ s: ~rce derived, each and every of wh~ch, it be~ng expressly ~nde~stcod, is hereby mongaged as if spec~ficaily set forth and descnbrd in the g~anting and i~sbendum clauses hereof, and 3Lch Receiver shal{ have afl the bread a~d effecr~ve funct•ons and powers in anyw~se emrusted by a Court to a Recaiver, and s_;h appolntment shall be made by wch Court as an admitted equ~ty and a mauer of absolute right to sa~d MORTGAGEE, and. wirhout reference to the a,fa~~scy w inadequacy of the val~e of the property mort9aged or to the so~vency or insofvency of sa~d MOR(GAGOR w the defendar.ts, and that such re~n, profits, income, issues and revenues shall be applied by such Reteive~ accord~ng tc, the lien or equity of said MORiGAGEE and the practice of wch Court. 6. To duly, promptly and f~lly perform, d~scharge, execute, effect, complete, comply wiih and abide by each and every the stipulations, agretments, cer.d~tiona and covenants m sa~d promissory note and fh~s mo~tgage set forth. 9. That in the event the ownership of Ihe mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the :'.~RiGAGFE, its successors and ass~gns, may, without no~~ce to the h10RTGAOR, deal w~th wch s~ccessw or successor ~n interes~ wi~h re(erence to this •„o-tgage ar.d the d_ut hereby secured in the same manner as w~th l.±ertgago~ w~tlw~ut in any way vitiating or d~uharging the Mortgagors' liabitity here- undar or upon the debt he~eoy s~cured. No saie of the prem~ses hereby mortgaged ar.d no forbeara~ce en the part oF the f~AORiGAGEE or its successors er ass~gns and Po extenvon of the +ime for the paymen~ of the debr herehy s>wred given by fhe fhORTGAGEE or irs successors or ass[gns, ahall operate ro release, d~scharge, mod~4y change or affect the o~~g~na( l~ab~l:ry of the MORTGAGOR herein, either in whole or in part. 10. It is sperficaf~y a9.eed that t~~ne is of the essence of this contract and that no waiver of any obtigation hereunder or of the obligation se- c~red here6y sha;~ at an~ time thcreafter be he;d to be a wa~ver of the terms hereof w of the instrument secvred herby. 11. In a;ic3 t:o~ :o the forego ng ~nonth'y paym,_nts o` pr+-~c paI and intrrest required by the prom~ssory ~o!e sec~red hereby, mo:tga~or covenants a~.d agrees to pay to rnortgagee ~nith ea~h monrh`y pay~.~c:zt an add~rional sum estimated by mortgagee to be equaf ~0 1; i2 of the an~ual cost of the fOltow- I~:q: A-A!I rcal prope.fy taxes lev~ec', or assess~~d ag3~~~s+ the abo•:e descri~ed real estate. B-Fu~~T:~u ~~s on 1~re and w:ndsTOnn ~nsvra~~ce as i:ere+n requ:rcd to be ca.ried en the improveme~ts s~tuate on the above d:sv~bed premises. C-Pre~rw:ns on such mortgage g~arar~ty ir.surance as mo~tgagee shall from t me to time deem f~t to carry on the loan sewred hereby_ «tortgagee ;na~i ~~em ~ime to t~rne nc'ify mortgagor ~n wr~!~ng of the amount d~e and payable here~nder ard such surn shail thereupon be due artd :,yable on ih~• d~e d~}e of ~he ne,ct r.,o~th:y payment and each successive momh thereattcr urai~ mortgagee shaf{ r.ot~fy mortgsgor cf a change ~n such a~ ount. Such zurns sFa!i i;e ap~~:ied by mertgagee to~ard the paymeni of real prcperty taxes, insurance prem.ums, and mor~gage guaranty insurar.ce i emiums. ; IN \lITPJE55 '::HEREOf, the sa~d MORTGA:~OR has hereu ,to set his hard and seal the day and year first aforesaid. ~ f ~ Signed, $ealed and delivered in the presence of: t -(Seal) ~ ~ ~ f ~~~'f ~ ~ (Sesl) 4~ .r / ~JGd~~ ~ ~ _ _ - ( L - ~ l ~ ' y~ ~ - C i~_ _ _ tSea!) ~ - SiA7E OF PLORIDA ~ u. =JUNTY OF St. Lucie ~ ' Before me personaliy appeared ~ugene Heradon and _ Mary A. Hemdon his wife, to me well known and known to me to be rhe ind~vidvats descri6ed in and who execute~ the fwegoing instrument, and acknowiedged before me that they executed the same for the pu:poses rh~rei~ expreased. And the said Marq A. HerndoA ~ r~~fe of the said F~19@A@ HeII1dOII upon a separate a~d private ~ ~=arn;natlon by me taken separate and apart from her said husband, ack:wwledged to 3nd before me that she executed said instrument freely and wlum ~ ra•~:y and w~thout any compu~s~on, constraint, apprehenron, or fear of or from her said husband. ~ WITNESS my hand and offiual seal this_ ~f - day or Nov Z `a•~r.~,l.~~! ~7? . ~ _ ~ _ Notary P~blic in and for t tate of riifa ~t~arg ' J': ~ Fa " ~ My Commission expires: --t : Q ~ ~ _ ~ ~ Retum To: , ; ` LJ . ' y : ~ _ ' - First Federal Savings S loan Associat:on ' 4 ' o? Fo~r P,. r~P. MOTARY PUBLIC. ST~F ot{IORI~ ~ ` a V~~ ~ 242Z04 MY CQMMISSfON E7(p~q~ ~ ~ . Fort Pi~rce. Fl~rida Bond~ Tnru Generet 1~(y~ ~~~~~r 1, i ~ - a 9 - ~ H,?~~~~ ~ This Instrument Prepared By Richa rd K. Kayes f LEO ~N!' 4ECQa0L~ ~ f~.ltiCl: ~~UMiY i~ First Federal Savings 8~ Loan Association R~~~F ~,i~TRAf of Fort Pierce~ Florida C~EP~ C~ ~:UIT ~OURT ~ FF~'iL'~'' YEr rt£>.~.~ Checked By ~ Nor IJ 9 ~ ~M'?1 ~ ~~kK ~UO PACE ~5~ js ::f ~ ~ ~ _ - - _ ~ . ~ = ~ ~ = s ' ~ ~ '~~r ~ s - ~ ~ J_ _ - ~ . N. ~