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Home My WebLink About2059 3. To ptace •nd continuously keep on ths buildinps now a Mreiht~ sitwt~ on said lar.d and on +II equipment and p~~sonatly cov~red by thi~ ma~q~ ap~, with •11 premiums the~eon pa~d in full, fir~ ie?suranc~ in ~h~ u~u~l st~ndard polity form, in a sum ~pprov~d by tM MORiGAGEE, and windsrum ~n~urance in the uswl u+~~da.d poGcy fam, te~ a wm approved by tM MQRTGAGEf, in wch compa+~y w comp~~~e~ as ~M MORTGAGEE may direc~; ~nd ~II fir~ and w~ndstorm inwranc~ polKie~ on ~ny of aid buiW~nps, u~y intenst thK~in w pa?t fMreof, in IM pyre9at~ u;m aforesaid or In eacea ~her~of, shal~ contain tM ~iual itanda~d mortqaQea claus~ a such o~Mr claus~ as N+~ Nbr~9~gN may ~equu~. rtukinp tM loss unde? sa,d po1F cros, each ar+d avt~y, payabt~ to uid MORTGAGEE u its in~ereit may ~pp~u, ux! esch u~d ~very iuch po~icy shall be prompHy ass:pned and detivered ~o •ny held by iaid MORiGAGEE as tunher s~cwity to iaid mon9ay~ d~W, ~r+d, no1 leu tMn tso (10) days tn ~dvar+c~ of th~ expir~tion of each pol~cy, to d~- liwr to Nid MORTGAGEE • r~newal the~wf, topethN with • rectipf fw tM prtmiw~t of wth rNUwal; and Iher~ ahall ba no fire or wind~twm insurance plac~d on any oi said buildings, ~~y i~tersst thtr~i~ or p~rl tMrwf, unkss in th~ iwm and with tM bu payable as •4atsaid; and in tM event a~y tum of money becomes payable under iuch policy a policies said MORiGAGEE thaq Mw the opt~on to receiv~ and ~pp1y tl?~ sams on ~ccovn~ of tM indebred- neu seturtd F~ereby or b permit said MORTGAGORS to nteiv~ ~nd ui~ it a any parl t!?ereot la other purposes, without therEb/ wai~uy o~ ui~pair- ing sny aquity, lien w rigM under'w by virtw of this mortpapr, ~nd in ~vent said MORTGAGORS shall fa ~ny reason fail to keep the »id premitrs w inaured, or fail b deliver pranptty ~ny of said palicies of inswanc~ ro asid MORTGAGEE, a fail prompNy to pay fully any premium thercfw nr in any reipect fail ro perfwm, discharge, ~xecute, eff~ct, camplete, compiy with ~nd ~biat~ by this cova~ant, or sny part hercaf, said MORIGAGEE may piace s~d pay fw tuch insurance M ~ny part tht~eof without waiviny w sff~dieq ~ny optiot?, Ii~n, eqvity, w riyht und~r or by vi.rw of this MatgsQe, and tF?e fuJl amount of each ~nd ev~ry such payment shall be imrnediafely dw ~nd piyabl~ ~nd shsll b~u i~t~~es~ from tFw dst~ thereof u~tif paid at ths rate oi nine per cent~m per annum and toye~her with iuch inte~est shall be sec~~ed by tFN li~n of tha mort~ap~. 1. To permi~, carunit o? iuffer no waste, impa'ument or detar'aration of said property or any part thereof. S. To pay ~II and singulx the costs, c!?arges and experws, includinp a reesonable attorney's fse and costs of sbstracts of ~itle incurced w psid at any tims by said MORTGAGEE, becavss or i~ the event of.the f~ilwe on tha psrt of tl?~ s~id MORTGAGOR ?o duly, promptly and fully pertwm, d~uhargq execure, eifect, complete, oomply with and ab~de by e+ch a~d every the ~tip~l~tions, agreements, conditions, +nd covenams of ssid promiswry ~ots and thi~ mwtgsge any w eirhe~. and said costs, charges and expenssa, esch a~d ~very, shall b~ immediately dw ~nd paysble: whethe~ w nol th~ve be notice de~ msnd, a~rcmpt to collect or wit pe~ding; ~nd ths full amo~nt of each and eve~y wch p~yment fF+all bw. int~reif from the date thereof un~il paid a~ ti+e rate of nine per tentum pet an~~um; and all said costs, charges and expe~ses intvrrsd or paid, togNhe? with suth intere~t, sh~ll be setured by the lie~ of tha ^~9+9a• 6. That (a) in ths event of ~ny breach of this Mwtgaq~ w def~ult on the psn of the MORTGAGpR, o~ (b) in ths event ae~y of sa~d sums of money herein referred to bs not prompfly and fully paid within thirty (30) dayi next afrer the same se+rerally becwne due and payabb, without demsnd o~ notice, or (cj in the event each and every the stipulations, ~greemenri, cond~tions and coven~nts of satd promiuwy note and thts mwtgsge any or ei~her are not ivly, promptly and fully perfwmed, d~schsrged, executed, effected, compkted, complied with and abided by, then in either w ~ny such event fhe said ag gregate svm menraned in said (xomiuory note the~ remaininp ~npsid, yrith inte~est atcrued, and all mor~eys ~ecured hertby. shall become dw and pay- able futhwith, a thereafier. ~t th~ option of said MORTGAGEE, as fully ard completely as if all of ~he iaid sums of mon~y were ongin~lly st~pulated to be paid on such day, anythinq in ss;d promiuory note w in tAia JKorr~aye to the co~aary notwithstsnding; arid therevpon a thereafter ~t the option of ~+~d MO~TGAGEE, wirhouf notice a demand, wit ~t law ot in equity, there(ae w thereafta begury may be prosecuted as if all moneys iacured hereby nad matured prip to iri institution. 7. That in the evcnt that at the begi~ning of or ~t my time pendi~ a~y suit vpa+ this Mortgage, or ro foreclos~ Ft, a ro mfoim it, w to enfwq payment of any daims hereunder, said MpRiGAGEE shatl ~pply ro the Court havin~ juriadict~ tF.ereoi for the appo~mment of ~ Receiver, iuch Court shall iorthwith appoim a receiver of said mortqaged property all and ting~lar, includ~ng all and sinqu~ar tFw income, profits, wwes and revenue~ from whatever sourcc derived. each and evtry of which, it being expressly unde~stood, is hereby mo~tgaged u if specificalty set forth and desuibed in the g~a~~ting ind habendum clauses hereof, and such Receiver sMll have ~II the broad and effective funct~ons and powers in anywise cMrusted by a Court to ~ Receiver, and :uch appointmem shall be made by such Court as a~ admitted equity and a matter of absolute riyht ro said MOR)GAGEE. and witFwut reference to the edequscy a inadequacy of the v~lue of the property mo~tgaged w to tl+e soNency or insotvcrxy of taid MORTGAGOR a the defendants, and that such rems, profits, incane, issues and revcnves fhall be applied by such Receiver accwding to the lien or equity of said MORiGAGEE and the practice of :uch Goutt. 8. To dufy, promptly snd fully periwm, discharge, execute, effect, complete, comply with and abide by each and every the stipulatiwu, agreemcnts, conditions and covenanti in said promiswry note and tha mortgage te1 forth. 9. That in the event the ownership of the mortgaped prem;ses, er any part thereof, becomes ve~ted in a person other than the JNORiGAGOR, the MORTGAGEE, ib successon and assigns, rr?ay, without notice to the MORTGAOR, deal wi~h such successw w svtce~sw in interest with refcrente to thia mortgage and the debt hereby secured i~ the same manner ss with Mortgagw without in any way vitiatu~g or d~scharging the Mortgagors' liabiliry herr under or upon the debt hereby sccured. No wIs o/ the premixs hereby mortgeged and no fo.bes.ance on ~he pan of the MORTGAGEE ar its successon or auigns and no extension of the time fot the payment of the debt hereby secured given by the NIORTGAGEE or its succeuott u sssigns, shall opcrate ro release, d~xharge, modify change or affect the original liability of the MORTGAGOR herein, either in whole or in p~rt. 10. If is spec~iKaiiy agreea tna~ time is oi ine ~esserxe ui ihis tw~s~K: tF.at ;:yE:-:; af tr; ~~_~•_!?_+•e l.e.«.,..1., ev nf fhs nb)ioation se. cured F~ereby shall at any time tlxreafter be held To be a waiver of tht terms hereof or of the instrumMt setured herby. 11. In add~tion to the faego:ng monthty payments of princ:pal and interest required by the prom~ssory note secured hereby, mortgagor covenants and agrees to pay to mortgagce with each monthly payment an add~rional sum est~msted by mortgagee to be equal to 1/12 of the annual cost of the follow- in3: A-All real properfy taxea (evied or assessed agai~st the above descri5ed real estate. B-Premiums on fire and windstorm inwrance as herein requ~red to be carried on the improveme~ts situate on the above described premises. C-Premiums on such rtwngage guatanty insurance as mortgagee shaU from time to time deem fif fo tsrry at tlx loan srured hereby. Mortgagee shall irom time to time notify mortgagor in writing of the amount due and payaNe hereunder and such sum shall thereupon be due and Fayable on the due date of the next monthfy payment and eath svccessive month thereafter urtil mortgagee shall notify mortgagw of a change in such amount. Such sums shall be applied by mortgagee toward the payme~t of real property taxes, inwrante prem:ums, and mwtgage guaranty iruwance p~emiums. IN WITNESS WHEREOF, tlre said MORTGAGOR has hereunto ut his hsnd and seal•the day and year first aforesaid_ i Signed, Sealed at?d deliver ' the nce of: I~~.o' ~ Cha ~s F. Kendall a~ ~-CJ .1 _ -(-xan I an ! Clara H. Ken all c~,q ~ . ~ STATE OF FIORtDA ~ St. Lucie ; couNrY oF sefa~ me perwrwlly appcared Charles F. Ke~dall ; and C1ara H. Kendall ; his wife, to me wdl 4rawn~and tcnown to me to bs rhe individuals desvibed in and who executed the foregoir~ instrumenl, and ~cknowledped before me that they executed the sams for the purposes ; the~ein ~x~?~~d. a~d *r,~ ,~~a Clara H. Kebdall ` w;fe of ,~;d Charles R. Kendall : uppp a s~p~qtq snd privar~ : examinaYwn by me taken separate and apart irom her said husband, acknowiedpcd to and befwe me that s4e ted said i~ywmeat EiAely'fpd volurr ? rorily and wethovt any compulsion, constraiM. +Ppr w feu of ot from said Fwsband. • i WliNE55 my hand and officia! seal tbi day of ~ D';i9~ 73 F J ~ E_ ~1 N ary Public i~ and fw the h of\ fl6r7da~lar~b j_' M Commission ~xpires: ~ -y,~ ~'S~, : ~ Retum To: ~y, ~ first Federal Savings b loan Assotiation ~ .....•''~C! - of Fort P~erce. FI1E011ND RECORDEO •••S '``~v~ fort P~erce, Ftorida ST.~,(1QIE COUNTI' flA. " ROC~k P;,ITRAS CIE~iK C•~~UIT CGURT ~ ~ECt~Fn v~ ~s= tE0 This Insirume~nt Prepared By Riehazd K. Kayes fE8 ~ ~ 4~ QH ~~3 Firsf Federal Savin s b Loan Association of Fort Pierce , Florida ' Checked By 24~~.s0 i F 3Q0!! ~1V ~~C' ~0~~ ~~:r~ s y, - . . _ _ . . " y' ,Y- .Y , -.s - . v?`".,~r~. ;~-%~3a