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Home My WebLink About1572 3. To plac~ a~d continuously keep on the buitd~ngs now or hereaftw situai~ ort faid land and on alt equipmem snd pe?sonally cov~~~d by ihi~ mortq~ sgs, with al) promi~ms ~hereon pa~d in full, fire insurance in ~he ususl trandard poiicy form, i~ ~ sum approved by ~he MORiGAGEE, and wind~twm insuranc~ in tM usuai ttandard policy fwm, in ~ ~um approved by the MORTGAGEE, in tuch tompany w companles ss 1M MORTGAGEE may d~ract; ~nd all (iro and w;ndswrm iniurance policrc~ a? any of taid build~nps, any int~~~~t thaeio or pa~t thereol, in tM +~rs~~t~ iwn ~foresaid or in ~xce~i Ihereof. shall contain the us:wt ttandard mortga9ee clausa a such otlwr clauw u tM Mortpayea may ~puir~. m~kir+p tM lo~s unde~ sa~d po1E cies, each and every, payab~e to said MORTGAGEE as itt inte~est may ~ppear, and e~ch ~nd every tuch poticy ~hall be prompt~y +ayned and del~ve~ed ~o any held by ssid MORTGAGEE as fu~fha aauriy to said mw~g+ge debt, and, no~ lau lhan IN? (10) d~ys in ~dvance of tM expiralion o1 t~ch policy, to d~- liv~r to said MORTGAGEE a renewal thereof, to~ethM wi~h • receipt fo~ fM pr~mium oi tuch rensw~lj and thOr~ ihall b~ no flre w windstorm ina~rance placed on any of said buildinp~, any in?eresl therein or part thereoi, u~leu in tFN fwm and with tM loai paYaW~ as afa~ssidj ~nd ln tM event any ium of mon~y becomea payable under iuch poticy a polkies said MORTGAGEE ahall haw ~he option to receive and +pply tM wrM on xcount of ~he lndebted ness secured bereby a b pe~mit said MORTGAGORS to receiva and uu it or any part IhereoF iw other pwposef, withovt th:reb~ warvi~ig or ~~npair- ing any equiry, tien or right under ot by virtue of this morsgage; ~nd in tht ~veM said MORTGAGORS shall fw any reason fail to keep t!» said premites w insured, or fail ro d~liver prompNy ~ny of said policies of iniursnce to said MORTGAGEE, w fail pranptly 1o pay }ully any premium therefor a in any respatt fafl b paform, dischargs, execu~e, effetl, complste, comply with and ~bide by tfiis covenan~, w sny part herwf, said MORTCsAGEE may p~xe a~d pay fw iuch inwrance or ~ny part thereof without waivin~ or ~ffectiny ~ny option. li~n, p~ity, a ~ght unde~ or by virtw of ihis Mortga~e. and the full amou~t of ~ach and svNy :uch paymcnt ihall be immcdi~tely dw and pyable and shall be~r interest irom tM dats Ihereof un~il paid tF?~ rat~ of n~ne per centum per a~~um and logether with suth i~terest shall be secured by tM lien of this mortg~ge. 1. To permit, commit or su(fa no wasro, imp~irmcnt w deterarotion of said property o? any part thereof. S. To pay all and sinputsr the cosls, charpes and expenses, includiny s resionable attarney i fee and wsts of sbstrscts of titts, incurred w paid at any time by uid MORTGAGEE, betause or i~ ths event of 1he iailure o~ the part of ~he taid MORTGAGOR to duly, p~omptly ar+d fully perfwm, dixharge. execute. effect. complete. comply with and ab~de by each and every the stipulat+aa. sgreements, conditions, and covenants oi uid promisaory note and thii matgage any or either. and said costs, charges and expenses, cach and wuy. shsll be immedis?ely dw and psyable: whethe~ w ~ot fhere be notice da mand, attempt to collett q wit pending: and tM fulf amouM oi each ~nd every such paymeM ihatl ixar interost from ths data thereof until p~id at the rate of nine per centum per am~um; and all said costs, charges and expenses incurrad or paid, together wilh such iMertst, ihall be ~etured by the lien of thia motlg~s. 6. TMt (a) i~ the event of any breach of this Matgage w default on the part of tl+e MORTGAGOR, w(b) in the event any of sa~d sums of money herein refe~red 1o be not promptly and iully paid wi~hin thirty (30) days nexl after the same severatly betome due ~nd payablt. withoul demand a no~ice, or (c) in the event each ~nd every the stipulations, sgreements, conditions and cove~ants of ssid promiuory note and th~s mortya~e any or either are not iuly, promptly and futly per(ormed, d~scharged, executed, effected, completed, complied wieA a~d abided by, 1F?tn i~ either w any such eveM the said ag gregate wm mentioned in said promiuwy note lhen remaining unpaid, with inte?est acuved, and all moneys secured hereby, shall become due and pay- able forthwith, w thereaffe~, at the option of said MORTGAGEE, ss tully and completely as if all of the said sums of money were aiginally tt~p„lated i to be paid on such day, anything in sa~d promissory note or in this Mortgage to the contrary notwithstsnding; and ~herevpon w thereafter a~ the optio~ of ~ sa;d MORTGAGEE, without rwtice or dema~d, s~it at law or in equiry, therefae or thereaf:er begun, may be prosecuted u if all moneys secured haeby r.ad matured~pr~w to its institution. 1 7. That in the event that at the beginning of or at sny time pending any suit upon shis Mwtgsge, or ro fo.eclose it, w to refam it, o? to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Courf having jurisdiction ~hereof fw the appointment of a Receiver, s~ch Court shall forthwith appoinl a receiver of said matgaged property atl and singular, includ~ng all and singutar the i~toms, p?ofits, Iuues and revenues from whatever so~rce derived, each and evcry of wh~ch, it be~~g expre:sly understood, is hereby mwtgaged ss if ~peuFicalty set forth and dracribed i~ the g?anting a~d habendum clauses hereof, and svch Receivm shall Mve all the broad and effettiie funcnw~s ar+d powers ir? anywise entrwted by a Cou~t to a Receiver, and t such appointment shall be made by such Court as an admitted equity arsd a mstter of ~bw?ute r~ght to ssid MORTGAGEE, and withovt refe~ence to the ~ adequacy w inadeq~acy of the value of the property mortgaged or to ti~e so~vency o? ~nwlvency of said MORTGAGOR w the defendants, and that such 3 re~rs, profits, income, issves a~d ~eveoues shall be applied by such Receiver according to the lien w equity ot taid MORTGAGEE and the practice of such i Court. 8. To duly, promptly and futly perform, dixharge, exetute, effect, complete, comply with and ab~de by esch and every the stipulafions, egreements, conditions and wvenantt in w~d promisso?y note and this mwtgsge set forth. ~ 9. That in the event the ownenhip of the mortgaged ptemises, or any part thereof, becomes vested in a perwn other tha~ the MORTGAGOR, tl~e ~ MORTGAGEE, its succeuws ~nd assigns, msy, without notice to the MORTGAOR, deal with such succeuor a successor in interest with reference to this + mortgage and the debt hereby secured in the same man~er as with Mortgagor without in any way vitietirg w diuharging the Mortgsgori liability hero- ur.der or upon the debt hereby secured. No wle of the premises hereby mortgaged and no forbearance or~ the part of the MORTGAGEE w its successon ~ or a:sigrn and rro exte~sion of the time for the payment of the debt hereby secures! given by the MORTGAGEE or its svccessors or auigns, shall operate # to ~elease, dixhsrge, modify change or affect the original liability of the MOR7GAGOR herein, eithet in whole a in put. ; 10. It is spec~ficafly agreed thaf time is ot the eaxnce of lhis contract and that no waiver of any obligation hereunder w of the oblgation sr ~ cured hereby shall at any time thereafter be held to be a waiver of the terms hereoi or of the instrument secured herby. 11. In add~~ion to the iorego:ng monthly payments of princ'pal and inte~est required by the promissory ~ote secured hereby, moctgagor covenants ~ a~~d agrees to pay to mortgagee with each monrhly payrnent an addrtional sum esnmated by mortgagee to be equal to 1 j 12 of the annual cost of the follow- i ;ng: 2 A-All rea~ pr~rty taxes lev~ed or assessed agai~st the above descri~ed real estata ~ B-Premiums on fire and windstorm insurar.ce as herein requ~red to lx tarried on the improvements situate on the above d~scribed premises. ~ C-Premiums on such mortgage 9uaranty i~surar,ce as mertgagee shall from t~me to time deem fit to carry oo the ban secured hereby. i Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hcreunder ~nd such wm shall thereupo~ be due and ~ Fayable on the due date of the next monthiy payment and each successive month thereafter ur.til mwtgagee shall notify mortgager of a change in such a~:ount. Such sums shall be applied by mwtgagee toward ~he paymenf of real property taaes, i~surance prem~ums, and mortgage guaranty insurance + p~emiums. ~ IN WITNESS WHEREOf, the said MORTGAGOR has hereunto set his hand and seal ihe day year fint aforesaid_ ~ ~ iyned, aled deiiver in the presence of: ~ ~ sq ; ~ - / i ~ _ ` ~ a° Sea~ ~Seal) ~ 57ATE OF RORIDA 1 , COUNTY OF St . LUClE.' ~ ; Befwe me personally appeared Eu~ene ~~erndon a~ :;c'iry Nerndon his wNe, to me well known and knawn to me to be ~ the individvals desuibed in a~d who executed the foreqoi instru~+ent, and ackrwwledged befue me fhat they executed the ssme fw the purposes rherein exproued. And the sai~ Ma r. y E~e rnaOIl ~ Nife of tl+e said Eugene Herndon ~p«, ~ sepsrate and privat~ examination by me taken separate and apart from her uid husband, scknowledged to end before me that she.executed said irqlrumeM freely and voiurr ~ rarily and withovt any compulsian, constraim, apprehens~i°~'°,~ fear of w from her ssid husband. ~ WITNESS my F~and and official seal this ~`i' dey o{ June ~ p. ~q 73 ~ ~ Notary Public in ~nd for State f F{orida af Larye ~ _ My Commiu'an expires: i - Retum To: ti? First Federal Savings 3 loan Association - ~~1~2 . ,r°~.~~ pf Fort P~erce. ` r " ~ Fort Pierce, Fbrida ~ ~ - - ~ ' : 4-'' ~ . „ . f lE0 ANO REN~~~ •r v~` „ : J. RO6ER r0 TRAS , ;r ~ T COURt ' = ~ CIERK CiRCUI ~ `t- r) ~_r ; This Instrument Prepared By Rich~~r.ci K. Kay~s ~ECORDVER~F~EG----- _ ;C' F-, .4 =y~ First Federal Savings & Loan Association .u ; ° `t = ' . ~O ` ~ a~ ~ Fl.ori~z 9 Sl 1i~1 ~T3 ~t ~ ~ ~ of Fort Pierce~ ~ ~ ~ : ; / -ra ,(J ~ • ~tt I V r Q Checked By J~' ••....f• : i : ~ : ~j ~~~~i~~~~`hjpT*+~~,,:`\ { ~ . : . ~ ' 3 . . ~t ~ ;'r _ z...:. _ ~ . . ' _ _ _ _ - ~ 1'~ . ~ q~ ~~'a~ ~ ~ ~ _ . F ~ ~"t..~.~ . ~ry~ ~ Z!;ta` i . . : .+~~;-isa~"t. _ _