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3. To place and coMinvously keep P~ 1he bui:din~s ~o.v or heiea(ter ~it~~le on ~aid lend aod on ali e~uip~naM and per~onnlly tove~cd by ~his mortg• ~
age, tvilh all ptemiumt Ihrreon pa~d in (ull, (irc ins~rante in tha usuii standard po!ity (orm, in a sum eppro.ed by the h~ORiGAIiEE, anJ w~ndsto~m ~
Insuronce in Iha uw~i etandard pol;cy lorin, in a sum approved by thd MORTGAGEE, in such company or compan:es as the h10RIGAGfE =nay
dired; and all iire and wlnd~torrn in~urance pol~cfes on any of sa~J L+uild•~~e, any ime~ast iherein or perl thereol, in ~he apgr~•g~~r ~vm aloiesaiJ or
in excess ~hcrcof, ~haU contain ~he usuai s?anda~d mo~~9~ge~ clause or such o~her cl3ueo ai Ihe Aloric~agee mey requ~rc, mal.ing ih~ lo~i under sa~J pole• :
cies, each and every, payab!e to iaid h10RTGAGEE as its in~eresl may apuear, and eacl~ and eve~y such ;.oticy shail be pron~~p~iy ass g~~~•d and drGvcred ta
any hoid by said A10RiGAGFE as fur~her Setutily to S~iJ morigage dabi, and, noi le» than ten ;i0) days in advance of Ihe e~pira?Ion of each pol~cy, ~o ds• ~
(iver ~o said h10RTGAGFE a ranc~val Iheteof, toge~har with a rece~p; (or Ihe promium o( such renr+~a~; and thure shall btt no G~e or windsw~~n insurance .
placed on any of said buildinys, any interest thcrefn or nan thzreof, unias~ in ~he form and ~v~th the lou payab~e as atoresaid; and in the evrnt any sum
of money becomes payab~e under wch po!icy or pol~cies s~id MORTGAGEE shall have the opt~on to rea:ive and appiy Ihe ~ame on accounl of the indr6ted• ~
ness secured he•_by or to perm~t sa~d MORiGAGORS to receive and use i~ o~ eny pair ii~ar~~of lor oth.~r pu~}~osrs, ~v~~ho.,t ~h=•~. u~ .va]~+:+7 oi ~~t,p~:ir• i
' infl any equily, lien or ri~ht u~idcr ot Ly virlvc of this mo.tgagA; and in tha cvem sa d h1QRTGAGORS ~hall for any reason fail to keep the said premi~as so
insured, or fail to detivar prOmptly any of s~id policies o( insurance to saPd A10RTGAGEE, o~ Fai: promptly to pay fulty any premiu;n thera(or ar in any
respecl (ait to perform, discharge, execWe, eileu, co<nplelr, co:nply wiih and auide hy Ihis covenanl, or any pa~t hareof, sa~J A10RTGr~GEE may plece and
pay (or such insurance or any part thareof w~thoW w.~iviiig or affeuing any option, lien, equ~ty, or right u~drr or by virtue ol thls Me~tgage, and the •
full a~»ou~t of Ca<h and every such paymenl shall be immed~ately due and payab!e a~xt shall baar interest from 1ha date thereof un1i1 p~id a1 the ~ate ot
nine per cenfum pet annum and so~•_Il.cr ~~i~h suth inter~it sh~il l~e s~cur.~~l by ~he lien of Ihis mortgage. s
d. To permit, commit or suffcr ~o waSTC, impairmrnt or dctcriorotion oi said propc~ty or any part Ihereof.
5. To p3y a!1 and sinc~u!ar the costs, charc~es and expenses, induding a reaso«ab!e attorney's (ee and costs of abstraUS of title, incurred or pa~d a1
any Ii~nc by s~iJ h!ORiGAC,fE, because or in Ihe event of ihe tailure on Ihe part of iha said h1URiGAGOR to duly, promptly and fufly per(orm, d~scharge,
executc, ei(eU, cernplete, co~uply ~v~ih and ab:de by~each and every the stipulanans, egreemems, conlitions, and c~venants of said promissory note and thts
mongage any or e~~her, and sa d costs, charges and eRpenses. each and every, shall be immedialely dua and payabte; whelher or ne1 there br notice da-
mand, attempt to colfect or suit pend~ng; a~~d the full a~iount of each and every wch paymen: sha11 bear intrres~ from ihe date thereoi untif paid a1 the
ra~e oi n~ne per cenru:n ~:~r an~w:n; and a11 sa~d ccs~s, chargas and expans~s irxurred or ps1J, togather w~th such interest, shatl be secured by the fien of thls
mortgage. , _
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6. That (a) in Ihe e~ent of any 6reach o( this Mortga9e or defaulf on the part of the AAORTGAGOR, or (b) in Ihe event any of sa:d sums of money }
he~ein re{erred to be nol ptomptlY ancl fully pa~d within tnirly (30) days next afler the same severally become due and payable, without d~mand or notice. }
or (c) in ih< event each and every the st~pu'ations, agreemenrs, cenditions and tovenants of sa:d prorn;ssory note and th~s mortgage any or either are not !
~ufy, prom~~dy and tutty performed, d:scharg:d, exec~ted, e{~ectcd, comp}eted, co~npl:ed v+;+h snd abided 5y, the~ in either o~ any wch event the sa~d ag- =
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gregata surn menrioned in said promissory note then remaining unpaid, v~ith interest actrued, and a~f moneys setured hereby, shall betome due and pay- 7
able forth~vith, or thereafter, at the ep!ic:~ of said ~50RiGAGfc, as fully arxl completely as ~i ail of the said sums of money were originally sl~pulated j
to be pa:d on such day, anything ~n sa;d pro~n~ssary ~:ote or in ~his 1.\or~gage to ihr conva:y not::ilhstanding; and there~pon or thereaiter at the optlon of
. said h10RTGAGfE, w~thout not~ce or dema~,d, suii at law or in equity, therefore or thereaftEr begu~, may be prosecuted as if all moneys secured hereby i
had matured pnor to ~ts institulion. ;
7. Thst in ihe eveiit that. at the beginning o( or at any ~ima pend~ng any su~1 upon this Mortgage, or tp forecbse if, or to ~eto~m it, or fo enforce E
payment of an~~ d~ims hereunder, s~id ~.tORTGi.GEE shall appty to the Courl having (uri:d:c~ion thereof ior the appolntmenl of a Receiver, such Court shall !
forthwith appoint a raceiver of Sa~cl n:or~gagetl preperty al: and singufar, i~clud:ng ail and snoular Iho income: profits, issues and ~evenues irom whate~er ~
source deri•:ed, ez;h and every of wh;ch, it L~~r,y express!y understcoci, is heieby it~or~gag,d as if speufically set forth and deacribed in the granting a~d
habendum ciauses hereof, and such Receiver shail hsvc atl the broad and ei(ective i~cc~•ons and powers in anywise entrusled by a Courl to a Receiver, and ~
- wch appoin:ment 3hrli be made by such Court as an admiueci eq~ity and a mal~er of abnotute right to said it10RTGAGEE, an' without reference-to the
' adeqv~cy or inadeq~acy of the va~u~ of the property mortgaged or to the so.vency or ~ruolvency of said AtiORiGAGOR or the deiendants, and thal such ~
rents, profits, intome, issues and revenues sha{i be spplied by such Recciver atcord:ng to the lien or equiry ot said ~~50RTGAGEE and the practice oi wch
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8. To du'y, prempt:y and fully perform, discharge, execu~e, efiect, comple!e, comply ~vith and abide by each and every the stipulations, agreements, ~
eonditions and cevenants ~n sa~d promissory ~o!e and ~h~e mortgage set forth. ~
9_ That in ihe ever.t the Ov~r.ership o( tF.•~ mortgzged premises, or any part thereof, 6ecomes vested in a person other than the MORiGAGOR, the
h10RTGAGEE, its su:cessors and assigns, may, ~v~ihout noticc fo the ~:".OR7GAOP„ deal with such wttessor o~ successor in inierest wit!~ re(erenc, to this ;
mortc~age ar.d the d:ut hereby secured in the sama manner as wi~h t~ortgagor without in any way vitiating or discharging the lAortgago:s' liability here- q
under or upon the de6t hereby secured. F!o sa'e of the Fren:ises hereby rnortgaged ar:d no forbearance on the part cf the 1.10RTGAGEE or its successors i
or ass~9ns and no exrens~o!e o1 t1~e f~ma fo~ the payrr.ert of the drbt hareby secured given hy the R40RTGAGEE or its wccessors or assigns, ahall operate ~
to release, d;scharge, modify change or afiect the c,ricinai iiabitiry of th> h:ORTGAGOR here~n, either in whole or in part. ~
- 10. It is spec+fe:ally agreed ~ tiiat tirne is ~ of the essence of this contract and that no waiver of any obligation hereundef or of tha obligation se-
eured he~eby shali at an~ tinie thereatter ba heid to bc a vraiver of th~ lerms hereof o: of the instrument setured herby. ,
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11. In add t:o~ !o the Forego'n~ month'y F;aqm~nts of p~inc'pn1 and inre.est requ~red by tfie promisscry nore secu~ed hereby, mortgagor covenants ~
and agrces ~o pay to n:ortqagee v.ith rach rr.on+n':y ~~.3p:-er.t an add:rionaf s~m esi~^,~!ed by mortgagee to be equal io 1,'12 oi th~ annuai cost of the follo~v- i
r iny: ~ . - _ , ~
A-All rcal preperty taxas ;e~~icci or ass?ss•:a ag3~~~~s; tf~c above descri6ed r~al es~ate. ' . ~
B-Prem~ur.s on f~r~~ and v:~ndsto:m 11:SV~3C~G' as he:c~n requ;rcd to be canicd cn th~ improv?ments situate o~ ihe above d:svibed premises.
, C-Prem~un-s on such mortg.,ge g~ar~n;•,• ir.su:ar.tc as mortgagce shail from time to time deem fit to tarry on the loan secured hereby_ ~
~ 1.lortg;gee sha:l frar ~irne to t~n:e not;fy mo~tgagcr in ~rniting of the amount due 5nd payab!e he:eundar and such su:n shall thereupon be due and
p~yab!e on the d~-r date oF ~h= ~?exi mo~th'.y pay~iient and e::ch successi~e month thereafier vrtil mcr?g~gee shall notify mortgagor of a change in suth t
: amount. S~ch sums s1ai1 6e app;ied by tT1G7}9d_Cc to:vard the payment of real preperty- taxes, irsurance p;em;ums, a~zd mortgage guaranty inwrance ~
i premiums. .
~ IN \'lITPJESS 4'1HFRr.OF, thn aid ~:ORTGAGOR has hereunto set his hjr.d and seai the day and ear firsl aforesaid. ~
- Siyned, 5ealed ~d deti~er i~ the pres ce'o~ FILED ANO qECOR4E~ - i
ST.lUCIE COUNTI' FLA. ;
ROCEc~ P4ITRAS ~Seaq
_ CLERK C~RCUIt COUR ene Hern on ~~s~~ ;
_ _ RECOR~ VERIFIED (Seaq ?
- - ~ ZQ ~i~ 52 ~ ~1ar A. xerndon ;
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STATE OF FLORlDA ~ _
S t l.tl C 12 ~ SS.
COUlJTY OF _ 1
. 8efore me personall~ acpeared ~11~~I1~ ~grIlf~Qil_~ _ and
_ _ ~1ar +~A. Herndon his wife, to me we!1 known and known to me to be
the individuats describ~ in and who executed the foregoin~ instrumer,t, and acknovrfedged 6efore me that they executed the same for the purposes
- therein expresseu. And the said ti13ry A- _~I_I_]$QI1 ~ '
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r~ife of the said ___4_._ •
Ell eEl@ Herndon a separale and private
examinatiun by-n,e taken separate and apart from her said husband, acknowtedged to and before_ me that she executed said instrument freely and volun- '
tarily and without any compulsion, constraint, apprehens~on, or fear af or from her said husband.
_ V/IThE55 my hand and offiual seal th~s__ 19th day of June ~ A p.19 7rj
; - ; Notary Public in and for e 5tat f Fiorida at Large
Retum To: _ My Commission expires
First Federal Savings d. loan Associat;on -
" Of fort Plerce.
- Fort Pierce, Florida - ,~~~II~It~I~~~I
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~ This Instrument Prepared 8y John :4. Col l ins ~ ;
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f1QTk'g ;
~ First Federal Savings 8~ lo~ Association ' ^ : ~a;;~:°`~ ` ° ~ f ~ _ : F~ -
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. . of Fort Pierce , R lor ida _ = . , r, -y ;
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Checked B ~ ~ - ~ ~ { ~ : : -
y ~Q~ ~tft~f ri~ d~ ....i'•~
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