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Home My WebLink About4388 3. To piace and continuously keep o~ the bu~'J,~~gs now o~ herrjTter f:t~ate on sa~d ~and and on a!I eq,,~p::~ent and ~rsonal~y cove~cd by this mortg- age, w~~h all prem~u~ns thr~eon pa.d in fuft, f~re ins„rance m tna ~suaf standaid po'rcy iorm, in a aum appro~ed by tht MOR~~rAufE, and w~nJatoim inaurante in the uwal standard po~.cy form, in a svm app~oyed by the MORTGAGEE, in such tompany or comfan~es as the MORTvAGEE may d~recr, a~d aU fire ar.d w:nduo~m ins~~anca poi~c~rs on~any of sa~d bui:d.ngs, any intereat therein or pa~t thrreof, in the aggrr9a~e s~m •foresa~d or in excess thrreof, shaU contain the usuat sta~~dard ~norrgagaa c~ause cu su.h other cla~se as Ihe Mo~tyayee may ~eq~~re, maAing ~ne ioas undr~ ~~~d poli- ues, each and evrry, pa~ab!e to ia~d A50RIGAGEE as ~ts ~nfrrai~ may appear, and each and e.•e~y s~ch pu~~cy e~•ail be promptly ass g~~~d a~~d de;~~r.~:d ro eny held by sa~d htORIGAGEE as furfher s:cur~ty to aa~d mortg3ge debt, and, not less Ihan ten (10) days in ad.ance of ~ne exp~rat~on of rach pot~cy. to dN- Gver to said MOR~GAGEE a renew•al thereof, ~ogether w~th a rece~pt fw thr premium of wch ~enewal; and ti~ere shalt br no Lre or wmis~o•~n inswance ptaced on any of sa~d buildings, any interest therein w part thereof, unless in the form and w~rh the loss payobte as a{oresaid; and ~n the eveM any sum of money beco~,es payable undrr s~ch poircy or pol~ues sa~d MORTGAvEE shail have ihe opt~e~ ~o rec.rivr a~fd apyly ~he sa~>>e on aao~n~ of ~he inJ~•bt~d- ness secured hereby or ro permit sjid MORTGAGORS to receive and use it w any part the:eaf tor o,ner ~.ur~.os~s, ..,~~~.:~t th,r~.,r ing a~y equrty, fen w r~gi,t unde~ or by viriue of ~his mo:~gage; and in the evem sa.d MORTGAGORS shatl tor any re~son fa~1 to keep the sa~d prem~srs so insured, M fail to dri~ver pro:nptly any of said potities of insurance to said MORTGAGEE, or fil promplly to pay fu:{y any pre~~~~~m thereior or in a~y resprct fa~t to perlorm, d~scharge, execure, effect, con,plete, comply with and abide by fh~s covenant, or any pan he~eof, s~~d MGRTGAGEE may p~ace a~d pay (o~ wch inwrance or any part thereof w:thoul waiving w affecting any opt~o~, lien, equity, o~ r~ght under o~ by vurue of this Mongage, and the fu~l amount of each and e.ery such payment shall be ~mmrdiately due and payable and shall bear interest from ihe dare ~hereoi until pa~d at the ra~e ol nine per tentum per annum and to~rth~r ~nith such imer~•st ShaG be srt~red 6y ihe lien of this mortgage. 4. To permit, cemmit o~ suffer ne waste, impairment or dcte~~oration of said property o? any part fhereof. 5. To pay all and sing~far the coiTS, charges and expenses, includ~ng a reasonable attwney's fee and cos+s of absrracts of tit!e, inwrred or peid a~ any time by said MORiGAG:E, beiause or in the event of ihe fa~iure on the part oF the said MORTGAGOR to du~y, pro~npf~y and fv~~y prrform, d~scha~ge. ~¦ecvte, effect, compiete, co~nply w~rh and a6 dr by each and every the st~p~lauons, agreements, wnd~tions, and cove~~anrs oi sa~d p~om:>sory note a~~d ih~s mortgage any or either, a~~d sa:d costs, cha~ges and expenses, each and every, shall be immed~ately due and payabte; vYhether or ~ot the~e be nonce da mand, attempt to co:kct o~ suit pend~ng; and fhe (ull amouro of each and every svch payment snali bea. iroerest from ~he da~e thereof until paid a~ the rar~ o! nine per centum p.rr annurn; one' all sa~d costs, charges and exp.:nses incurred or pa~d, together wah wch interrst, shall be ~ecured by the I~an of th~i mortgag8. 6. That (a) i~ the even? of any b~each of this Mortgage or default on the part of the MORTGAGUR, or ;b) in the event any o} sa:d s~ms of money herein referred to be not Promptly and futly pa~d wirh~n th.~ty ;30; days nex~ aiter the same severa:ty become due and payeble, w~~ho~t demand o~ notice, or (c) in the event each and every the stipu:at~ons, agrerments, condhions and covenants of sa.d promissory r.ote and th~s mortgage any or e~iher are no1 ~uiy, promptly and f~Ity performed, d•scharged, executed, effected, comp:eted, compS~ed w~th and ab~d ~ 5y, then in e;~he~ or any a~ch event the sa,d ag- gregate sum menti~ned in said prom~ssory note then remaming unpaid, with intrrest accrued, and atl monrys secured herrby, shaN beco+++e due and pay- ab;e forthwith, o~ theteafter, at thr opnon ot sa~d MORTGAGEE, as fully ar~ tomp{rtely as if a!1 oi thc s.~~d s~:ns of money we~e ongina:ly sup~,ated to be pa,d on such d~y, anything in sa d pro:n~ssory nae or in this Mortgage to the cont~ary nct vithstand:ng; and the~eupon o~ therea`.ter a~ the op~~on af sa~d MORTGAGEE, w~~nout not:ce or demand, sui~ at law or in equ~ty, the~efore or thereaher begun, may 6e prosecuted as if all moneys sec~red hereby n.:d mawre~I pr~ur Io ~b ~~ui~tu?~un. 7. That in the event that at the beginn~ng of w at any ti~ne pend~~g any su~t upon th~s Mortgage, or to foreclose it, or to relorm i?, or to enfo~ce payment of any daims hereunder, aa~d MORTGAGfE shatl apply ro the Cou~t having ~w~sdltt:en thereof tor the appo~ntmem of a Receive~. such Covri shali Fc:rhwith apFwint a receiver of sa~d morrgaged propery all and singu!ar, indu~.ng ai1 and s~nguiar the income, p~of~ts, ~ssues and revenues from wh~tever so~rce derived, each and every of wh,ch, rt be~ng exprrssly undentood, is herroy morrgaged as ~f spec:flcally set forth and desu~bed in the grantin~ a~~d hnbendum c!auses hereof, and such Receiver shafl have all the broad and effect;ve funct.ons and powe~s in anyw~se enrrosted by a Court to a Rec~iver, and s_ch appoinrment shall be made by svch Court as an ad~nitted rqu~ty and a mattet of absotutr r~ght ro sa~d MORIGAGEE, a~d wiThcut reference to the adequacy or inadequacy of the value of the property mortgaged o~ to the so.vency or inso::rnty ol said MORiGAGOR or the defr~~dants, and that s~th re~n, prohts, income, issves and revenues shall t,e applied by such Recri~er aaord~ng to ihe iien or equiry o{ sa~d MORTGAGEE and the pracf[ce of such Court. 8. To duly, promptly and futly perform, d~scharge, execute, effect, compiere, comply w~~h ard abide by each and every the stipu(ations, agreements, :ondir~ons ar.d covenams ~n sa~d prorn~ssory nete and tn~s mortgage se+ forih. 9. That in the event the ow~ership of the mortgaged pre~~ises, or any part thereof, 6ecomes vested in a pe•son other than the MORTGAGOR, the :'•.ORTGAGEE, its successors ar.d ass~gns, may, w:rhout no~~ce to the ti',ORTGApR, dea: wrth svch successo~ or wccessor in interesf wvh refere~ce to th~s n o~rgage and the deot hereby secured in the sam..e manner as w~th f?.ort~agor w~thout in any way vitiating o~ d~scharging thr /dortgago~s' liabiiity here~ ~~,der w upon the debt hereby sec~red. No sa:e of the Fren,ises h~reby nwrtgaged and no forbearan~e on the Fart of ~he /dOR7GAGEE or its successors or assigns and no extenskon of the time for the paymeM of rhe debt he.eby setured given by the N40RTGAGEE or its successors or ass.gns, ai:aU operate rc retease, d~scharge, rnod~fy char,ge or af(ecr the o-~g~nai I~ab.i,ty of the A~ORTGAGOR herei~, either in whoie or in part. ln It ia anP~~fk..liv ~n.eed that i~me ~s of ~he e:sence of thls contract and that no waiver of anv ob~ qation hereunder or of the obigatioo sr c~red hereby shalt at an~ Gme rhereatter ba h~td to be a w3~ver of the terms hereof or of the instr~mem secured herby. 11. In adcin~c~ 'o ~~e forege ~~g ~T•on~h!v pay:nenn of p-~~c pa~ and ~nre~ese reau~red by ~he prom'sscry nore secu~ed hereb~, mo~tgagor eovenants e~:d agrees to pay to n:n•tgagee •hah each mc~ ~h'y ~.a,~.:em ar, ;ddr.~unal suni est ~rated by mortgagee to be eq~ai to 1, 12 of th~ annual cos+ of the folfow- A-Alf reai properry tax_s lev~e,a. or ass~~ssed agai•tsf the a6ove descri~ed re-al estate. , B--Prc~,:~:ns on fi~e and wir.Jsto~m inSJ;dr~f es iie:~~~ rcq~;red to be carr~cd on the i~nproveme~ts s~tuate on t1:c a5ove d~su~b~d premises. C-Prem~wT~s on zuch ma:tg~ge g~aranty ir.wrarce as ma•tgag•_e shail ?ru~~~ t~^e to thne deem fit to ca:ry on the loan setured 'he~eby. rdortgagee sh~l~ from r~rne to nme r.ofify morrgagor ~n wr;ting of fhe a~r.ou~t dve ar.d payable hereunder and s~~ch wm sha!! th~reupon be due and ;,•~ab!e on the d~r dare ot ihe nc.r rionth:y pay•rent and e~ch wccessive mo•~rh tnereafte• ~nni mcrtgagee sha!I no~~fy mortgagor of a change in such ~~.ount. Such soms s! a:l be arpiird by mortgag~.e tor.sd the payment of reai property taxes, ins~rance prem.ums. and mortgage guaranry insurance i~•emiums. i IN '.VITNESS :':HER:OF, the sa~d h10RTGAGCR has hereunto set h~s h:~rd and seal the day and year first aforesa~d. S s ~('iigned, Seated and deliv,e~t~d in th4 preserce of: / i I , ~~1_ ~ ~ ~ ] ` '~O°~ (Seal) ~ ~ C ford L. Waldron _ (Sealy ~ / - (Seaq ~ - : i `Y/li,~? r . ;i!'/? (Seal) ~ ` Betty Noraa Waldron SiATf Of FLORIDA ~ St . Luc ie ~ ~ ~OUN7Y Of 1 Before me personally appeared Clifford L. waldron and Betty Noraa W81arOA _ h~s wife, to me weli known ana knoarn to me to be ~ the ir.dividuaSs described in ar.d who exe_uted the foregoing instrumenf, and acknowledged before me that they executed the sa+ne'ior the purposes ~ ;he*ein expressed. And the said__-__ Betty HOIAB wA1arOI1 _ ~~,..r ~ r,;fe of the sa[d Cllffdrd wFif~IOl1 _ ~_tljiqp`a separMe andprivate e.am~nat~on by me taken separate and apart from her sa~d husband, atknowtedged to and before me that she executed sai~'insJwment ff~eiy ~+d volum :•,:y and wlthout any compuls~cn, consTra~nt, appreh`ns:on,`or fear of or from her said husband. _ ~7; r - • ~ WITNESS my hand and oifual seal this_ _s~_.L-__ day of ~Ce~er 1'~ D: '~9 72 ~ ~ ~ , . ~ dc~~ : , _ : ; Notary Pub!ic in nd.for the ~t~te~o'i.~brida at,C~rge My Comm~ssion exqires. ~ ` ~ ~ Return To: ~~~('y~~ r~`- i. ~i ~ 5 First Federal Savings d. Loan Assoc~at:on - Of ,_.r P~~r_. Forr P::rt^, F:~~~~ua il ~S ~~O s ~ ~~wi ~ n ~o:T~.a i This Instrument Prepared By John W. Collins CIERK ~tP.t;U~T COUR~ y"' First Federaf Savirgs & loan Association ?.CC~RO y~k.F1ED of Fort Pierce ~ Rlozida s' Ou 19 8~1 AM'7Z , Che~ked By ~a~209 ~~i38i ;~~3~ ~ ~rct ~m ~ ~ . . ~ ~ _ .~.~',~~`y~. 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