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3. To place snd con~inuousiy keep on the bu~~d~~9t ~+ow o~ hs~aahN u~wte on sa~d la~d and on ali eQu'ipn+rnt ~nd peria+ally covered by thi~ malq-
eg~, with •II premium~ thereon pa~d i~ full, f~re insurance in tM usu~M s~erdard policy fwm, in • ivm •pp~ovcd by tM MORiGAGEE, •nd w~~ds~wm
~ns~re~c~ in IM uswl •t~~xiard pol~cy fam, in • sum approred by tM MORTGAGEE, in wth tompany or companias as tM MORTGAGEE m~y
duectp and aU (i~e +nd w~ndsto~m insu~ante po~~c~ei a? ~++y o( •eid buitd~nys, any interesi tMrein w pait thereof, in IM agyre9att wm afwesaid o~
in sxcess thereof, zhall ~ontai~ ths usual sta~:dard ma~gagee cl+us~ o~ tvch othe: daut~ a~ tM Mort9sy~s may requa~, ma4inp ths lou under sa~d polf
c~e~, each and eve~y, payable to sa~d MORTGAG:E as it~ inierast may appaar, and each and eve.y svch poiicy thatl be promptly +cs.9ned and del~ve~ed ~o
any held by sa~d MORiGAGEE a~ furthr. security ro said matyage dabt, and, no~ le~s fhan ten (10) dayt in edvancs of the •xpi.a~ion ol each pol~cy, to da
I~ver to ta~d MORTGAGEE a re~ewal thereof, togerhe~ w~th a rece~pt for the pre+nium ot such renewal; and there shall be no fue a winds~orm insuranc~
ptued on ~ny of w~d buitd~rgi, a+.y interest therain or par~ ~hereof, unless in the fo~m and wi~h the bsi payable as aforeuid; and in tF?e event any sum ,
of mon~y becon.es payable under such policy w pol~cies wid MORiGAGEE sh~ll have ih~ option ~o ~eceive and apply the same on xcou~t of the indebted~
neis sec~red herrby o~ ~o permi~ said MORTGAGORS to receive and uw it a any p~~t ~hereo( for ori+cr purposes, v.~~ho~t tha+eu~ waiving or ~mpair t:
inq any equity, lien or ~i9ht under w by virtue of this morsyage; and in ths event ss~d MORTGAGORS shall for any ~eawn fail to kcep fhe sa~d aem~sc~ so j^•
Insured, or feil totlel~ver promp~ly any of said poliues of insurance to said MORiGAGEE, a fail promptty to p+y fully any premium thaefw a in a~y '
respect (ail to pe~form, diacharge, execute. elfect, completa, comply with and abide by this covenan~, w ~~y parl hereof, s+id MORTGAGEE may place and •
pay fw such tnsurance o~ any parf thereof wi~hou~ waiving a affecting any opuon, tian, equ~ty, or r~ght under a by virtue of this Mwtpage, and the
f~il amount ol each end e.ery such paymem sn~lf be ~mmediately due and payable and shall bear inte~est f~om tM date therswf unti{ poid at the rote ol
~u e psr centum per annum and to~rtha~ w~~h s~ch inteTrst shali be secured by the fen of this mwtgsge.
4. To permif, comrt~it or suffcr na was?e, impairment or deterioration of said ptoperty or any parl thereof.
S. io pay all and sinqular ~he costs, charges and expe~.ses, includ~ng a~easonabla attaney's fee and costs of abshacts of title, incwred or psid at
e~y time by sa~d MGRTGAGEE, because w in ihe eve~~t of the fa~lu~e on ~he pa~t of the said MORTGAGOR to du~y, prwnptly and fully perlorm, discharge,
ex;~cutr, effect, complete, co~nply w~th and ab:Jr by each and every ~he ~tipulateons, agreements, condi~iom, ~nd covenants of said prom~uory note ~nd thi~
n,ortgage any w e~thcr, and sa:d costs, charqes and expenses, each and every, shall be immedistety due and payable; whethe? a nut there be notice do-
mand, at~empt Io coltecl or wit peod~ng; and the full amouM of each and cvery such paynxnt ahall bes~ iMerest irpm the date thereof until paid at the
,~r of nlne per ctntum p~v am~um; and all sa~d custs, ci:arges and ~zprnsea irx~rred w paid, toge~her w~th such intQre~t, ihall be secured by the lien of this
mer tg i9e.
6. That (a) in the event of any breach of this Mo~tgage or defav~~ on ~he part of the MORTGAGOR, or (b) in the eveM ~ny o~ sa~d swns of money
herein ~e~erred Io be aat promptl~r and fu:ly pa~d within Ih~~ty (30) days ncat after the same severaily becorne due ~nd payabte, wilhoul oemand w notice,
cr ic) in Ihe event each and every the stipulations, agreemeros, cond~riw,s and covenanrs of sa:d promiuory note aod this morl9age any w either are nol
~v'.y, promptly and f~lty pe~fwn~ed, d schargad, raecv~ed, effec~ed, completed, ccmplied wrth and abided Sy, then in e~ther w any such event the sa~d aQ~
~:z9ate ~um mentioned in sa~d promissory no~e thcn remaining unpaid, with interest accrued, and a? moneys secured hereby, shall become due and pay~
a~.c (orthwi:h, o~ ehereafrev, at the ept~on ot sa:d MORTGAGEE, aa fuliy and comp;ztely as ii a~l of tFK said sums of money were aginally st~putated
ro c.e pa~d on such day, anything in sa.d pro n~sswy note or in this biortg~e to the conirary ~otwithstandi~~g; arxl thcreupon or thereafter ~t the opuon of
s> d?dORTGAGEE, wlnc~ut nonce or demand, suir a~ Iaw w in equ;~y, therefo~e or thereaher begun, may be proaecuted as if all moneys secured hereby
n~d matur~ pr~Of t0 it3 instituhpn.
7. That~in the event that at tne beginning of w at any rime pendi~.~ any sv~t upon this Mortgage, or to foreclose it, w to reform it, or to enforce
.~ent of any raims hereunder, s3~d h~ORTGAv't sl~att ;pp'y to the Co~~t having ~urisd.cuon thercoi for ~he appointmero of a Receiver, such Court shail
r: ~•-.vith aNpoint a re:e~•:er of sa~d me•tgagrd prop_~?~ ail ar.d e~~:gular, inc!ud~ng alt and s~ng~iar ihe income, pro(~ts, issues and revenue~ from whatever
z: ;-cr derived, each end every oi wh.ch, i;e~ng etpress:y znders~ood, :s hereby mcrtgaged as if speufically set fo~th and dewibed in the g~aNing and
i~,t.endum dauses hereof, ~and s~ch Receivr. sha,l hava a~l ~he broad a~d effeaive fur,c~ o+~s and powers in anywist entrusted by a Court to ~ Receiver, and
s_:h .~ppc.intment shyll be made by suth Court ai ar. ad:nittrci eq~~7y and a mat~e~ of absofute right !o fsid MORTGAGEE, and without reference ~o the
~+_:_•quacy w inadrquacy of tnr va~~e of thr preprny mortgaged or ro the so:ver.cy or. insolvency of said MORiGAGOR or the deiendants, and that such
.•;~~+s, prof~ra, income, iasues and revenuzs sfiail be appi~rd ey such Receive~ accwding to the lien w eQuity oi said MORTGAGEE and the practice of suth
C~urt.
8. To d~ly, promptly and fully per(orm, discharge, e:xute, effecL co:nplete, compty with and abide by eack ~nd ~vay the stipulat'ans, yreemenls, _
r.-~ i~r~ons and covenants ~n sa~d promisswy r.ote and thEs mwtgage set fwth.
9. That in the event the ownersh~p of the mortgaged prem;ses, a any part thereof, becomes vested in a person other than the MORTGAGOR, the
:^3TGAGEE, its wccessors and assigr.s, may, w~rhout no+;ce to the MORTGApR, deal v.~th svch successo? pi wcceasw in interest w~th reference to this
-.~•fgage and the debt hereby sxured in the same a~a~~ner as w~th hbrtgagor w~tFn~W in a~y way vitiating or dixha~ging the Mwtgagors' liability hert
_ ier or upon she drbt hereby sec~red- No sale of the ~rem~ses F~ereby mortgaged and no forbearance on the p~rt of the MORiGAGEE or its successors
c• assigns and no exrension of ihe tir~e fo. the payment of the debt hereby secured given by the MORTGAGEE or its sutcessots or auiqos, shatl operate
ro re!ease, d~scharge, modify change or affect the orig~nal liab~l~ry of the MARiGAGOR herein, either in whole or in part.
10. It is speufica~iy agreed ~hat time is of the esse~ce of this contract and that no waiver of any obllgation hereunder or of the obligation st
c_-ed hrreby sha:t at any time thereaf:er be heid to be a waiver of t!x terms 1-.ereof or of the instrument setured herby.
11. In add t:e-, }o ti,e forego ~~c~ roor.~h y pay~r.~ nt3 of p.inc pal and inrerest reyu~~ed by the prom:ssory no!e secured hereby, mo~tgagor tovenanis
~ d a~~ces ro pai ro ~norey~cee ~n~rh ea~~ :TO~:+n!y pa~~^ent an add~*+ortal sum rst,~:a~ec~ by mwtgagee to be equal to 1/12 of the annual cost of ihc follow-
I, A-Ail real p~opcrty saMZS ievied or assess-d agai•~st :he above desc~ibcd real estate. '
j B-Prem:ums on E;re and wi„dzt~rm ,asurar~e as ne•ein req~~~ed to be carr;ed cn the improvertte~ts s~tuate on the above destribed premiset.
~ C-Pre:niums o~ wch mortg~oe gvar3nty ias~.a.,ce as morrgagee sha;l frcm ume to t~me deem fit to carry on the ban secured hereby.
i
j Mortgagee shaif f.om t~me to t~:ne nct~fy mortyagor ~n writing of the amount due and payabte hereunder arrJ suth sum shali thereupon be due and
I ::,b'e on the due dare of ~he nex~ mcnth!y payment and each successive mo~th thereafter ur.til mortgogee thall notify mortgagor of n change in such
~ o;•nt. Such sums sFa:t be a ued o mwt a e~ov.ard the a•ment of real ro rt taxes, insurance em:ums, snd mort a e uarant inwrance
E FP~ Y 9 9° P 1 P Pe Y W 9 9 9 Y
:vms.
~ fN LYITNESS YJHEREGF, rne said MORTGt~GOR has hereunto se! his hand and seal the day and ear first afwesaid_
~ Signed, Sea:ed and delivered in the presence of:
~ i_ ~ . • j~ 0 AMO ltECORPE~ a4
i~•~ItC'E tAYM~ f~' gene H rndon
~ Roc~~ eo~a~s ` .n
c~.Eq~ c~~cu~t cau~T s~o
~~w, -7 RECORt~ YER+%~EO ~r erndon
- -
`'aTE OF FLORIDA ~f~ Y 2 s6 PN'~~
;~r~rY oF St. Lucie ~
eefue me personaliy aP~a.edEugene Herndon
end
_ ~ Mdiy Herndon hn wife, to me well known a~d krawn to me to be '
a individuats described in and who ezecuted the foregoing instrument, and acknowledged before me that they e:ecuted tbe same [or the purposes
~ _.a.n exprossed. And r~ ~ry Herndon ~ -
~ ~e of the said Eu~ene Hezndon upon e upa~aTe and pr'rvste !
e- nauon by me taRen separate and apart from her said husband, acknowledged lo and before me that she executed said instrumeM freely snd volurr ~
~.:y a~d w~thout any compuision, constraint, apprehens:en, or fear of w from her said husband. j
y 75 i
~ WITNESS my ha~~ artd oFficiaE seat thn~ _ day Febru 1 • ~ fl ~y ~
. ~
~ ~ Notary Public in and fw t Nte of ida at large ~
~ My Comm~ssion e~cpires: s
~ Return To: ~
~ F;rst Federal Savi~gs 3 loan Associat~on ~~~r~~ i
~ Of Fort P:e:ce.
Fort Pierce. Floridj . ' ;jl
~ ::~"~~`(i~~,. _
~ 1 • _ ~
~ . : ,~O.T~;. .
~ This tnstrument Prepared By John W. Collins '~''~ss~~4~~.' r= i
~ First Federal Savings 8 Loan Association ~~;:;p0~o -
~ -'a; . ~:tu-_.
~ of Fori Pierce~ Flo7[ida P~
~ ~ 1 r~`
~ ~ . . . ~ ~
!C•
~ Checked By ~ ~ 0 ~ ~ r ~ , . 5
~ ~,'i~,~/~G 9i9yp~;~.?;;- J
O ~ ~\/V ~t`~'~11~r~i~~~~1i •
SOOK ~.e~V PACE ' ! ~ f ` ~ j ` ~
~ ~ ' . .
~ - - - - - - -
. . .