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Home My WebLink About1527 3. To plac~ a~d conYuwousiy kNp on ~M bu;td~np~ rw~w or Mre~ftW sitwN on ~afd (and and on ~II pvipn+tnt and p~noMRy oowr~d b~t M+is mON¢ } p~, with ~11 pr~miwns Ihereon p++d in f~ll, f'ue inw~~nu in 1M uwN stuidard poticy forny b~~um approwd bp tM MORTGAGEE, u~d wk~ta~ ~ Mrwanct in ~M uiwl uu~dud pol~cy ta~n, in ~ wm approwd by ~M MORTGAGEE. h wch tanpanY a aon+p+eia a 1M /NORTGAtiEE ~y , f dincfl ~nd ~II fk~ and windiarm i~swa~c~ pnlicws on u~y of said b~itdinp~, ~ny In1N~s~ ~Mr+in o~ part 1M~w1. M+ tl» ayp.par~ ~ww dorqaW a ! In Ncass ~Mnof. sMil ca+tain tM usuai stu,dard ~nor~yaqe~ ciws~ or wch otMr ciaus~ ~s Mw Morro+p~i m+y req~w~ nw?inp tl» loa vndK said po1F ci~a. ~ach ~nd ~wry. paYSbN a s~id MORTGAGEE a~ i» i~?K~s~ may app~a , u+d ~.ch .nd ~v.nr wcA poucy ~hat1 b. p.ompny a„qn.d and d~Nw..d a c " ` W+y h~td by said MORiGAGEE ~s fwtlw~ iecwity Io iaid mortpa9~ d~W, u+d, i+a I~si ~Fwn ~~n (10) d+ri in +dru~a of tM ~xpkatan of s~ch polky, fo d? ~ liwr ro~ad MORTGAGEE a renewal thereof, ~ope~ha wi~h • receip~ for Ua pr~miwn ol wch r~w~lj ~nd ~her~ ~hall b~ eo fu~ a windi~orm insurana ° _ pl~ad on ~ny oi uid buildinps. ~+y intere~t ~Mrein or put thK~of. unleu in the fam and with tl+~ bss psyabl~ ~s ~(anaWj and G+ tiN ~wnf any win d monty becomM payabl~ w+dN a~ch polky w poliws said MORTGAGEE ~hall h~w tF» option b nc~iw ~nd ~pply tM Hn» on atcowH o1 1M M+d~b1~ nta atv~~d Mr~by or b p~m?il qid MORTGAGORS to ~tpiv~ u~d u~ N w~ny pa~t iMreof fa otM+ purpo~K wi~hout ~ha~b~ waivinp a impair- r~ 1np any pvity. lien a ri9ht wKler a by virtw ot tha mortQapr. ~nd in th~ ~vMt said MORTGAGORS_ sMll for ~ny nason f~il to k~p tM faid pnmi~ w+~. feqw~d, a fail b deliva promptly any of said polKies of insurann to s~id MORTGAGEE, ar i~il promptly b pay fvlly any premi~m Ihtnfw p in ayr nspat fall ro pK(orm, dtscharyt. ~aec~te. ~ff~ct. tomplete. comply wltb and abid~ by this. oowoant, a iny pa~t hp~of. pid MORTGAGEE may plac~ and paY fa tuck insurancf a~ny part thereof withoul waivinp w ~ff~clir?p anY optio~, Ikn. ~quity, w?ipht vnda a by vlrtw of thk Mortyap~. a~d tIN - full amount of e~cA and ~vKy such paym~nf ifiatl b~ inrn~diat~ly dw and pay~bl~ ~od sMll b~u lnt~nst from th~ dat~ tMnof until paid at th~ rat~ ol niM pN csntum p~ ~~num and tog~~her with such imeres~ ihall be ucur~d by tM li~n of this mortpap~. 1. To qrmit, eommit a wffe~ no wu1e, ienpa'ument or deteriwation of uid popKtr or Mhr put the~wf. S. To pay ~11 and sirgular tM costs, chupes ~nd ~,cp~es, inclvdjop •~son~bi~ anwMy's f.. .nd oo•n of aMnacts of ~iN.. MKwnd w p+W M aMr tirn~ by s+id MORTGAGEE, b~uwe w in tM evsnt of tM iailwe on ti» put of ~Fr s~kl MORTGAGOR to duN. Ma^Mb ~^d fi+~~Y P~am. disthwQR ~xec~t~. ~tiect. complet~. comply w~th and ab~de by eech and every ths stipuls~ions, apreamsr~ts, oonditiaa, ~nd aownanM of wid promiswry not~ and tha map+p~ +nY ar si~her. ~nd said cwts. ch~rpes and expenses, each end tvery, shall b~ immedial~ly dw and pay~blr, wMtM? a not tMrt b~ notia d? mu~d, ~ttempt ro collact or wit pend~nqs and ~he full amouM of aach and ~very such paym~M iMll b~a~ intersst from 1he dat~ tMnd uoNl paM at IM ra~e of nirK per teotum per an.wm; and ~II ~aid costs, chargp ~nd ~xpenses intwr~d or p~kl, top~th~r with suth fnt~rqf. sh~U b~ Ncw~d by th~ Iwn of tl~ ~9~SN• 6. TMt (a? in the evMt of u~y breach of this Mwtys~~ o~ defavlt on ttr pan oi ths 1Y10RTGAGOR, a(b) In th~ ~vMt any of s~id ~urris of moMy herein refsrr~d to bs not promprly and fully paid wi~hin fhirty (30) days nexf afrer the ssms s~ver~lty b~tortw dw ~ed p~yabl~. withovl d~mond a ewtiq, o? W in tM ewm each u+d ~vNy the stip~tatio~s, ag~~emenn, condiians ~nd cov~nann of sa+d p~omiuwy oot~ ~nd this mwtpap~ ~ny w~itMr u~ ~al iuly, prompNy a~d (ully p~rformod, d~scFwr~ed, execvted, sffected, eompl~rod, complied wiih ud ~bided bp. tIM11 MI fitMf 01 ~Ify ltKFl fMM1 tM Nld a¢ gray~M sum me~tioned in said promissory rate thes, remaining unpaid, w~th interest ~cuued. ud all mo+~eys secvred henby. ahall b~come dw ud p~y~ ~bl~ forthwith, 01 fFNfNNN~ it ths option of said MORTGAGEE, as fuily a~d compklely as if ~II of the ssid wms of morNy wer~ pipie~aily ttipulated ro be paid on ivch day, anything ir~ sa:d p.omissory note o. in th~s Mat~age to tM cont.ary nawitlaandirg; ~nd thae~pon o~ thereafta at tht option of uid M{QRTGAGEE, without notice or demand, suit at law or in equity, therefwe or thereafter beyw~, may bs p~w~cuted ~ ff ~Il.,mawya sKVnd Mrtby had matored prwt to its institution. 7. That in tM event that at •the beginning of a at any time pending any suit vpwi this Mptfgsge, or !o fOr~dOS~ ~{4 Ot tp ~efpm i1. a M MfOrq payment of any claims hereunder, sa7d MORTGAGEE shs1l apply to the Cou?t havirg jwisd~ction 1hK~of fa th~ ippoteNnreit,of'~ Rtc~fwr, s~fi Cou~t sh~ll Fathwith ~ppoint a receiver of said rrKKtgaged propeny alI and singular, includmg atl and sinpvlar~tb~ il~~e, ~oflls?'!l~IM Md`rw~niidy !rom whahva~ wvrp deriwd, each ~nd every of which, it beinp expressty unders~ood, is hereby mortgaged q iI}spKifiully sM-fatth~arit! de~lib~d.in M~ ~rantkp and - habemlum ctauKS fisreof, ~nd such Receiver shal{ Mve ~q the Moad and ctfeaive ivnc~a.n snd powets in snywise entrvafad b~r a Cow1 10 ~ Receiwr. u~d :vch appointmenf sh~ll be made by such Couri as an admitted eq~ity and a matter of absdute rght to said MORTGAGEE, and without rtf~r~nct b th~ edeq~acy a in~leq~acy of tF?e wlw of the p~ope~ty mort9aped or .to the sowency p inwlve~cy of said NIORTGAGOR or th~ deF~ndants„ and tMt such rents, protits, income, iuues and rwenues shalt be spplied by wch R~siver accwdi»~ to the lie~ w puity of said N10RTGAGEE and the practiq of wch CouR. 8. To duly, promptly snd fully perfwm, diuharge, execute, effect, complete, comply with ~nd sbid~ by ead~ and ~very ths stip~btioes, preem~nb, conditam and covenann in said promissory rats and this mortgage set forth. 9. Th~t in the event the owne?ship of the mortg~yed p.emises, a any part the~eof, becomes wsted in a perwn othar thsn the NIORTCsAGOR, tM MORTGAGEE, in wcceuon and au~qm, may, wiehouf notice to the MORTGAOR, deal with euch succeuor w wcces~ in i~tereit with rs(ersoo~ to tha mort9~ye and the debt hercby secured in the same manner as wi~h Nbrtgagor without in any way vitiatug w dischar~irg the Mort~a~ors' lisbility !wr? ur~de~ w upore the dcbt he~eby secured. No ssle of the Fre:nises hereby mwtgaged ~nd no forbesrante oe~ the part of the MpRTGAGEE or ifs wocessors w auigro snd no extension of the ~ime for the paymem of ~he deb~ he.eby secured yiven by the MORTGAGEE w its succKSars w suiyns, shall op~ra» ro release, dixF?arge, modify change a afFect the oryinal lia6il~ty of ~he MORiGAGOR herein, eiti+er in whole or In put. - 10. h 1s specifically agreed that time ia of the essence of this contract and tF»t no w~iver of any obligetio~ haevnder a of tM oblipafion s? cvred hereby shall at any time thereafter be held to be a waiver of the terms her~f w of ihe Irotrument secured herby. 11. In addition to the forego:ng monfhly payments of princ'pat and interest rcqvired by the promissory r?ote secured hereby, mortgagor covenants and agrees to pay to mottgagee w~~h exh monfhly payrnent an addi~ional sum estimated 6y mortyagee to be eqwl to 1/12 of fhe annwl cotf of the fdlow- ing: A-All real property taxes kvied or assessed ayainst the above dexribed real estate. ' B-Premiums on fire and windstorm insurance as herein requ~red to be car'ried on the imptovemewri situate on fhe ~bove desvibed premites. C-Premiums on such morlgage guaranty insuraoce as mortgagee shall from time to time deem fit to orry on the ban setured hereby, Mort9sgee shall "from ti~n~ to time notify mortgagor in writing of the amo~int due ud pay~ble he?e~rwler ~nd such wm shsll theneopon be due and i payaWe on the due date of the next monthly payment and each successive month theresfter u~til mortgapee ahall notify morty~gor of a chanpe In such amount. Such s~ms sieall be applied by mwtgagee toward the payment of real property fexes, iawr~nte prem:ums, . and mortysye gwranfy inwr~nc~ premiums. . ~ IN WITNESS WHEREOF, the ssid MORTGAGOR has hereunto set his hand and seal tfie dsy fint aforss~id. ~ Sipned, Seslsd and deliwred in the presence of: - ~,[p AN!' kECCtiCEO ry ~ r ~~.LUC~E CaUNTY FLA. gu e Her on " aocF~ ,~'.TRAS ~ ~ ' CLERK ::°.°1T COURT ~ ~ aECnRn ~Er~'.~t1 Mar H rn on D ~ STATE OF FLORI A 21 316~68 counmr oF St . Luc ie ~ ~ Befwe er» personally appesred _ E1~g@716 Herndon ~ ~ ~ ' :MarY Herndon tw. wif., to n» wet~ knowr? a~a tuwwn eo me to b. the individuab described in and who execvted the fwepanp instrumsot, and scknowkdped befor~ rt» that thry ~x~cutad the sarn~ for tM purpw~s ehe.ein exp?essed. a~d the sa~d ~ry Herndon wif~ 04 ths ~aid ~1inEnQ 1~lernrlon e:sminatan by me tsken rate and a n from her said hvsband, ~~ratf --seP+ Pa adcnowiedged ro end beforo m~ that ahe executed said Irntrument fteely and vdurr terily and withovl any compulsion, constraint, apprehens,i~on,, ~o,t~~feu of or from hst said Fwsband. ~ WITNE55 my hand and official seal this ~,1~c-!`~ day of ~ tembel. A. D. 19 75 r` ~ ~ Naary Public ~ and for tl» • of at Larp~ - Retvm To: My.Commiuion expires; ~~n n~ d~ ~7 ~ a firtt fede~al S~vinps 3 Loan Association ° Of Fort Pierce. ~ Fwt Pieree, flwida ::+:i ~ e:' : . 3 ~r~' , ; • ~ This Instrument Prepared By John W. Collins _ ` i' ~ ~ - ` ~ ~ • d ~ First Fede~al Savings b loan Association . c~ ~,q, P. ~ of Fort Pierce , F lor ida : ~ ' ~ - . r : ' ~ , ch~ked a ~ R PAGE1~2 / ~ 5 L t Fi' ~ . ~ . ~ y 8001( = fJ . ~ . . .~~,,!Cj•,: ~iyr:`~~~.~` . ~ ~~+%Js' i3}1:!~t>>~~~ ~ . _ ~ , ~ } j` r ~ ~ ~ . ^}p.' -e f ~ -w:~~. _ _ - ~ - - 1 - : ~~4