HomeMy WebLinkAbout1671 J. To place and con~inwusly kaep o~ !i~e bui:d~ngs now a hero~t~a s~tua+e on so:.i tand and on ai~ eq~ipnaN ~nd pe~sonatty cov~red by ~lus mort9-
eye, wi~h all prcmiums thercon pa~d io ivil, t.ro ins~ra~c3 ~u tix ~sval ata~derd ~+aI~CY to~m, in • wm ap~orrd by ~he MORi~iAGEE. a~d w~ndi~am
,~,s~rance ~n ~hs uswt a+a+~dard pol:cy io~m. ~o a sum ~pproved ~y ~~iGAGEE. such company w can,~+n~es ai ~he MOATGAGEE ~nay
d~~eu; and aU 1ir~ and w;nds~orm insvrance po:~c~n• o++ any o( sa~d iouild~~gs, any i~irr°st thaiei~ w part ~hereof. in ~h~ agq~e9~te tum aforesaid o~
~r, rurss tf?rreof, ahaU comain ~!ro us~.1 stand~rd ~~wregagee ciauss a:~ch oihe~ cieuse ~i m~ Ma~ga9es m~Y reqw~t. ma?inp tF» loss wxls~ se~d pol~
„rs, cach and every, peyab!e ~o sa~d «ORIGAGEE as ~~s imerrst ~nay appe+r. ..~~d ra:h and e~ery svcA ~;u~~c~ sha:l be prompdy asag~rd a~~d da:~vr~ed ro
eny held by sa~d MORTGAGEE as furthat uwtity to s.~id mor~gege drb~, and, oot less ~han ten (10> d+ys in advance of ~he eapuat~on of each pol~cy, to d~-
~,er to u~d MORTGAGEE a rrnrwal ~hereof, tofle~hrr w:tA • rccr~pt for the p~e~iuom of such renew~l; aod ther~ sM~~ be no fus w w~~+ds~o~m insuranc~
pliced on any of sa~d bu~ld~ngs, ~ny inte~es! therem or pa'~ ~ti~t~roF, unles: in ~ha for.,+ a~~d wnh tM foss payable a~ afwesaid; a~+d ~n ~he e~nnt any sum
of ~~onsy bec«nes Parab~e ur.dcr such polrcy w~~~u.s s+~d MO(tiGAGEE sFuN have ~hr op~•on w rece~ve and apply the same oo +cca+n~ of tlk indrbtcd-
r,~~ss scCVrtd hCreby W~o ptrntit ~s~d MORTGA~iOR$ t0 reCri~a end ~se ~1 W any {.a~t trercol l:.~ o.itt~ pu~~>GSCi, v:,tho:~! th~r~i~: x:.+:n~ .N •~~+iN~r• ~
~r,~ a~,y equ~ty, I+en o< <~9h~ ~~dN a bY ~"~ue of th~a mo:'gage; and in ~he evrro su~d MORTGAGORS ahatl fa any reason isil to keep ?he sa~d p~en,isrs so
~nwr~d, a fail ro da!iver pranpNy ~ny of sa~d po~~cias of insuranca to sa~d MORTGAGEE, or fad promptly to pay fulty any p~emi~m Iherela a in +~Y _
rc:.rci (ail ~o pe~(~xm, d~scharqe, eaecute, effect, cornp:rre, cc:npty w~~h and ab:de by th~s covena~r, o~ any psrt hareof, s.?~d MORTGAGEE may p++ce +^d
F•.~, 'o~ such insurance or any part rhereoF w~tMw~ waiving a.ifecting any op~ro~. I~en, equ~ty, o~ r~ght undrr w 6y virtue of ihis Ma~gags, and the
f, a~novot o( each a~d every such payn,ent sh.~:l t~e ~m~nrJisteiy d~e and pa~.,b~e and shall brsr interest trom 1M date thereof unri{ pa~d a~ the rate o1
t• pe~ ientum per anni~m o:id ro;~r~t:rr w~Th such ~ntrr~at sh.~+i Le S@CJ7Pi~ VY SF1C Grn o( th~s m^rtgayQ.
4. To pcnnit, commit or suffer oo waste, i+upairnxN w dr7triorat~on of sa~d property or any parl thereOi.
5. io pay sll and sing~la~ the costa, charges and exE,enaas, includi~y a rr -,~~able ano~ney's fes and costs of abstwcts of title, incurred o~ paid ~t j
n~~:~ by sa~d htORiGAGEf, btcause o~ ~n ~hc evtnt of the fa~~ure on ~i~ Pan of thr s~~d MORTGAGUR to duly, pro-npdy and fu:ly perfum, d~x?wr9~.
; c•.,~e, e(fect, can~~lrte, comply wi+h and ab de by each and every ~he stipuletwns, a~ree~»enis, condiUOns, and corenants o~ sb~d pran~ssory note and thi~
,,:•rg~ge any or ei~her, and u.d costs, cMrges and expensrs, cach a,~d cvary, sha11 tse :zi~~nadiatefy due ar+~ p+Y+b•~: w~~~~ a^ot thcre be eo'~ce da
.-~:d. attempt tq tot,ect or wit pend~ng; snd rhe 1ut! a~nuun~ oi each a::d evrry svc}~ payment shafl be~~ inures~ (rom Ihr d+te thereof vmil p~id ~t tl~e
nme per cenwrn om+~:n: and ail aa+d conrs, cha:3es and e~;x~~sea ~ncu:rrci ar pa~d, togCther w~th such interest, ahall be ucured by the I~en oi ~hi~
~gage.
6. That (a) i~ thr evrnf of a~y 6-each of this Mortgage or deiault on rhe pa~t of the MORiGAGOR, w(b) in the lVM1 any of sa~d wms of rtaney
~ rraln rofeued to be not p~anptty and fully pa~d w~rhi~ inuty l30) days neat aiter :he sa~ne sr.ero::y bec~~e doe and payable, without dertwnd w no~~ce,
,c) in tl+e event each and every t4+e stipu:aiw~u. agrcrmen!s. condrt~o»s ar.d covenan~s of sa.d promisso:y nofe and th~s mwtgage aoy or e~iher +re no1
a,. .,~romptiy and fully perfonned, d xharged, execvtad, rifectrd, canplet~•d. co np:~ed v:~~h and aL•~Jed 5y, ~hen in eitFKr a~ ~ny such eve~t the sa~d ag
~a s~.n men~ioaed in sa~d pro+nlssay ncte then rema~mng unpa~d, w~tn .nre~est .~c:+~rd, and a~l moneys srcured hcreby, shalf become due and psy- :
, ~o~thwith, or thereafrcr, at the opi:on of sa~d At0~2iGAGEE, as fu~ty a~d co.T•N:etr'ry ai if a~l of thr sa~d wms of money were o?g~~aily shpu:ated i
~ r~~ pa:d on s~ch day, anyehing fn sa.d Fro;n:sswy noie er in this ?Aortgagr w the cw~t*ar~ no~wahstor.ding; and iF+ereupon w thereafer at the op~~on of .
s.1 '.tiORTGAGEE, w~thout not~ce o~ de:nand, s.~it at law or in eq~=ty, therefore or thrrra:~er beg~n, r.iay be prosKUled as if al) mwieys secured heteby y
r. ~ r.~a~~red pr~or ta ~ts ~nst~tuti~n.
7, it~at in the event ~hat at the beyinn~ng c( or at any t:,ne pe~o~~~9 any w~t u;:c~ t1~~s Mortgage, w to foretlose it, o~ to reiwm it, o~ to enforce
:rnt of any c+.,: -s herrunder, seld tAJRTG!.Gc~ shatt opply ra ~hr Cuu~~ ha.~:•g ic,::sd.c~:an thereof fa ~he appo~ntm~r+~ of a Receiver, such C~wrt shall
„.:,,~uh a~po;r.t a recr~•.rr ef s~:d r..o:tgay:d {.~oN.r•tY a:1 and sing~~irr, iec:~d.ng a~~d s::•~~~lar the ~ncome, prof~is, issues and rcvenues from what~ver
s~:e darrvrd, each ar.d rve.y ol wh.ch, 1s bcr.:g rapr~ss:y undrrstocKl. ~s rareoy r.:engagc.l as if spet:(italiy set forth and dtx+ibed in Ihe g~anting and
_~ndum clauses herrof. and such Receiver shalt havr all the broa.i and eff¢~ct:ve fu~c`.cns and powers in anyw~se entrusttd by • Cowt to a Receiver, a~d
s~~~~•poiniment ahaii be mede by scch Court as an ad:nitted equ+:y and a r.~a+~er of at.soiut~ r~ght to sa~d NARTGAGEE, snd wi~hou~ reference fo the
_,,:cy or enadrquacy of ~he valur of the pro~e.~y ~e~~geged or to ~he so..e~cy or ~~,io~vancy of ta~d MORIGAGOR or tF+e detendants, and ihat such ~
•s profirs, incame, issues and revenues shett k;e app~~rd by such Rece~+er acccr•.~ng to the lien or equny of said MORTGAGEE snd Ihe p~ac?ke oF such {
i
t.
8, To du:y, promptfy and fu1~y pe+form, d~scharge, eaecute, eifect, complete, co•••N:y wi~h and ab~de by each and every the stipulations, agree.nents, ~
:i:':ons and covenants ~n sa~d prom~sswy note and ths mortgage sct forlh- ?
9. IFat in thc eve~+t the ownenhip o( the mortgaged prrm~ses. or any pa+t thereof, 6ecornes veated in a person other than the MORiGAGOR, the ~
.-:~vAGFc ~ts s•,ccess:xs and ass~y~~s, may, w~~ho~t nor!c~ to the .~.OQIGA.OR, dea[ w~th wch wccessw w successo~ in inreres! with reiere~ce to th~s
•~yagc and the drbt he~eby secured in tne same manr.rr ns w:th fAartg~gos vv~th.~t ~n any way vitiatiog W diuhargiry the Mongaguri liability FKrr
:._r o: u~~cn :n^ deLr h._reoy sce.rcd No sie oi ihe F:e-r~s>s h~~r~~by ,ncrayayad and no fo.bearance o~ the par~ of the MORiGAGEE w its svtcesw?s
:s ~r.s ard no eA~rra~u~ of rhe ~::~e for the paymen! cf the oeb! h-~•r:~y sec•,red g[+~n !~v ~he R10RTGAGfE or ~ts successots o+ ass~gns, a~~all operare
; re e,,se, d.sc!~arge, m,-,drfy c~a~~ge or affec? tne or.g,~~~! :ioi~:::ty ot ~i:- N•ORiGAGOR }:errin, either in vrhole or in part. ~
. 10. 11 ts spmFical;y agrecd ~hat rime :s of the esu~ce of ~}~;s cw:uact and ~hat ~o waiver of any obGgation hereunder or of the oWigation sr
c_:•~d hrreby shaii ai a~~ hr~e ~hereairer be he!d to he a wa~vrr of the !e:ms hereof or of the instrument secwed herby.
l i. I~ =dd:~•c:: -o :hr for.:~o ng mon!h~r pa~m:n+s of p•; : pa~ and ~~:+r•est :e~~~red by the pro~n~sscry nore sccvred hereby, mortga~or covenants
~.~.-,•:es ro pay-~o ~:orr~agee v.~~h eacF. IPG~1~I1'Y F:.l'y[•:8~11 2R add.rfcnal sum e::'~:ared Dy mortgager to be equaf to 1;'12 of the anaual cost of the follow-
A--AR rea~ ;;rcperry taxes :rv~.d c~ jss_ss,d ~yai ~s! aLove desa~~ d r_ai esra~e_
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B"r :~z On i:n• d~:d :v:::dY•orm ~::s~•~• :r tier.~ r:-.y~ red to c~~ ca::~cd a~: +ti•~ .rt,provements z:tuate on the above destribed prc-rnises.
C-P+e•^:~..~s o~ ;uch ~~ortg,.ge ~.,ar;~st1 ~f5Lr3f.CC .iS '^C'13=~i_° s`'a'~ f~c'T i-',e •o +«ne derm fit !o carry on the loan setured hereby.
h'~o+'~aai~e s^..,:` iro:r, t~~r.e to r~ •'e n~~~f: mc*ry.:~^r m v,ri~~ng of tha a° o.:•~t d~~e ar.d payabte hereunder and s~ch sum shall thereupon be dur a:id
~.'r on th_• d~r cia'e of !h= nz.r -•,.~~,~~:f ;.,.~r..:~,t a•,d each su:cess~~e n~e~.~h nc~,eafrcr ureit mortgagee shaff not;fy mc+rtgagor of a cha:tge in svcfi
~n;. S~ch sums sha;i be a~~~:~ed .^.Y morrg,y~e to.-.ard the payme^t of reat prey,e~ty taxes. ins~rance prem~ums, a~x! mortgsge guaranty insura~c~
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• ;TS.
i~~ tiJtIr~ESS :rHfRFOF, tn ta~d 11.0~2TGAGCk nai nereo^to se1 nEs F.~nd and s•_e! the day a year first aforesaid_
$ig Sealed~?d de!iver ~ in the p~ese of: ~
. % ' ~~A / S/f^-~
~ ` gene Hernd n
- ~ ~r,
- Mary 'Herndon !s~a~
- .
; ~ GF FLORIOA. ~
u.
- '.':TY OF St • L11Cle _ 1 _
Bafore me a.sondi~~ an~~~~ Eugene Herndon and
~ry eYndfln _ his wife, to me well known and known to me to be
~~.dividuafs described in and v.ho exec~r~uegoing instrument, and a~knowtedged befere me that they e:ecuted the same for the P~?Pos~s
_•c'n expreued_ And fhe said ~Z ndon
of +he sa~d _~~1-~--~ZndOD - opon ~ sepuate and pr'nate
r.ar~on !,y me taie~ separate and apart from her sa;d husbar.d, acinowl~dged to and before me that she execvted said instrument ireely and volu+?-
~ ; ard w;thout any ca~nputs~on. constra~nt, apprshens n, w fear of w frxn her said husband.
Y111i~ES5 my hand ar~ off;val seat th+s___~~-- day of_~_ N- D. 19_~.~
1 ! ~ < ,LL ' 4 ~
~ Plotary Public in and for the St:te Fbrida ay rge ~
' My Comn.ission expires: ~
Y•~ Ret~rn To:
~ : i:s! Federal $avin~s E loan Assouaf,on ~l ~
~ Of .wt P e:ce.
~ Fort Pierte. Flo•~d~ f{t. ! •"•E40YUE~. . - - .
~ jM G;.UNZ f~ - ~ 3•, ~~'4y'
st. lu~ _ -aA5 ~ ' ' . f ~'y .
Ru"v-` ~ '1 : ~OURT -
:_U ~~f ~ Js
r~Tkl. ~ • < n~.
This Instrument Prepared Bv Joh~ W. Collins : ~n - : . 4~
aF~`%H~' ~ ~ : =
F;rst Federal Savings 8 Loan Association 9 02 ~1~ ~~1~ j~
of Fort Pierce s Florida ~ i' T~ _
~ t~ i..~,~.L``1 ii`~i:. ~t~
..hzckeci By IGrt76~S~ - "
,
U R ~ - ' :.I'-
~o~K229 ~A~~.67~.
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