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Home My WebLink About1709 ~ ~ ~ 3. To place and continuously keep on the bui!d~rgs nox o~ hereafter s~tuate on sa~d (and and on alt equipment and penona!!y covered by this mo~~~,- ege, wilh all premium's Ihzreon p3:d in fu11, fire insurante in tht uwal standard policy form, in a sum approved by the h10RTGACiEE, and ~vindst~.rm inwrance in the usual standard pot~cy form, in a sum approved by ~he 1.lORTGAGEE, in such company or companies as ~he A10RTGAGEE ,nay • direth and all iire and w~ndslomi insurance polic~es on any of said build~ngt, any interest fhe~e;n o~ part ihereot, in ~he aggrega~e s~m aforesaid or ~ In extess thereof, shnll contain ~he usual standard mortgagee cia~se or such other clausa as the Alortgagee may requ:re, making Ihe loss un~er said Foli- cies, each and every, payabSe ro said h10RTGAGEE as its interest may appear, and each and every such poiity shall be promptiy ass:gned end de~ivered to any hetd by laid htORTGAGEE as (urther securiry to said mortgage debt, and, not less than ten (10) days in advance of the expiration of each policy, to de- ` liver to said h10RTGAGEE a renewal thpreoi, together ~vith a receipt tor the pren,ium of such renewal; and Ihere shail be no f~re or ~vinds~or~n insurance pleted on any o1 said 6vildings, any interesl therein or part lhereof, untess in rhe form'and with the loss payabte as efore~aid; and i» Ihe event any sum of money becomes payable under such policy or poli<ias said h10RiGAGEE ehall have the opt~on to receive and apply Ihe same on account o~ tha indzbted• ness tecvred hereby or to permi~ said 1~AORTGAGORS to receiva and use it or any par~ thrreof for other p~rF~oses, vf;thout th~rcof wai~i~~g or ~n,pair ing any equify, lien or right unde~ or by virtue of this mo::gage; and in ~he e~en! sa:d h10RTGAGORS shall for any reason fa~l to keep the said premi~es so in~ured, or iail fo deliver promptly any of said pol~cies of insurence to said h1pRTGAGEE, or fail promptly to pay fu~ly any premium there(or or in any respect fail to perfo~m, discharge, execute, effect, complete, compiy wirh and abide by th:s ccve^ant, or any part h<~eof, said MORTGAGEf may place and pay for such insurance or any part thereof without watving or affecling any option, lien, equity, or righl under or by virtue of this hlortgage, and the ' full amo~nl of each and every such payment shall be immediately dus and payablo and sf~all 6ear interesl from the ~late thereof until paid at the rote of nine per centum per anrwm and to~ether wi~h such interest shall be secured by the lien of thi~ mortgage, To permif, commit or svffer no waste, impairment or deterioration of said prope~ry ot any parf thereof. ~ 5. To pey all a~d singular the ~cost~, charges and expenses, ;ncluding a reasonable attorney's fee and cosls of abstracts oi title, incurred or ~aid al any time by said MORTGAGfE, becaus~ or in the eveN of the failure on the part of the said ~~50RTGAGOR to duly, promptly and fully perform, d~scharge, execute, e(feci, cemplete, comply w~~h and ab:de by each and every the stipulafions, agreements, conditions, and co~enanrs o( aaid promissory note and Ihif mortgage anY or eithe~, and sa~d costs, charges and experxes, each and every, shall be immediately due and payable; whether or not there be not~ce de mand, attempt fo tollett or suit pending; and 1he full amount of each and every ~uch payment shall beai interest from 1he date lhereof until paid at thz rate of nine per centum per annum; and all said cosrs, charges and expenses incurred o~ paid, logz)her with such interesl, shatl be setured by the lien of th~~ morfgage. i b. Thal (a) in the eve~t of any breacti of this Itlortgage or detault on th` part of the hlORTGAGOR, or (b) in the event a~y of sa;d sums of money 1 herein referred to be not prempny and fully paid within thlrty (30) days next atter the same severatly become due and payable, ~vithouf demand o~ no?ice, # or (c) en the eveqt aath and every the stiputations, agreements, cond~tions and covenants of sa;d promissory note and th~s morlgage any or ei~her are not ; ~uly, prompdy and fully performed, d~scharged, executed, effetted, completed, complied with and abided 5y, Ihen in either or any such event the said ag• ; gregate sum mentioned in said promissory note then remaining unpaid, with interest acvued, and all moneys setured hereby, shall become due and pay able forlhwith, or thereafrer, at the option of said MORTGAGEE, as fully and completely as if all of thc sa;d sums o( money were originelly st~pulated ~ to be paid c,n such day, anything in said promissory note or in this hlortgage to the contrary notwi~hsranding; and thereupon or thereaFter at the option of ~ said l~+IORIGAGEF, withou! notice or demand, suit a) lacv or in equity, therefore or thereafter begun, may be prosecuted as if a!1 moneys secured hereby 1 had matured pnor to its inslitution. ) ~ 7. Thal in the event that at the beginning of or at any time pending aqy suit upon this 1J4ortgage, or to foreclose it, or fo reform i1, or to enforce •~_y~,:; c!~6-~ !:~r~~r.ac:. sa:d ti!ORTl:AC;FF <!,a!! annly re the Coun havino iu~;sdict;on Ihe~eof for the appo,ntmen~ of a Receiver, such Court shall ~ i forlliwith appoint a receiver of said mortgaged property all and singular, includ;ng all and s~ngular the income, protits, issues and revenues irom whaiever tource derived, each and every of which, it being express!y understood, is hereby mortgaged as if spec~ficatly set fonh and described in the granring and ~ habendum clauses he~eof, and such Receiver shail have al! the broad and effective funct~ons and po~vers in any~vize entrusled by a Court to a Receiver, and •uch appointmenl shall be made by such Cour1 as an admitred equity and a matter of absolute r~ght to said A',ORTGAGEE, and without re(erence to the adequacy or inadequacy oi tfie vatue of the properry morlgaged oi to the sorvency or insolventy ~f said ~lOR1GAGOR or the defendants, and that such rents, profits, income, issues and cevenues shall be applied by such Receiver accord~ng to-the lien or equity oi said MORTGAGEE and the prectice of such ~ Court, 8. To duly, promptly and fully perform, discharge, execute, effecr, complete, co~~:pty v~~th and abide by each and every the stipulations, agrezmenfs, COnditiOn! drtd Cov2nal11i i» 52i0 F7omi5sory nuie ano Fllis ~i~viiyayc aci ~'vii`. 9. Thet in the event the ownership of the mortgaged premises, or any part thereof, 6ecomes vested in a persan other than the h50RTGAGOR, the MORTGAGEE, its successors and assignz, may, ~vithout notice to the h10R1GAOR, deal ~viih svch successor or successor in interest with reference to this mortgage and the de6t hereby secured in the same manner as with ldorrgagor without in any way vitiafiag or d~scha~ging the lrorrgagors' liability here- under or upon Ihe debt hereby secured. No sale of the premises hereby mortgaged and no (orbearance on the part of the ~.10RTGAGfE or its successors ! or assigns and no extension of the fime for the payment of the debt hereby secured given by the 1.10R1GAGEE or its successon or assigns, ai~ali operale ~ to release, discharge, modify char.ge or affet! !hs ori~;na1 Labili~y eI the MORiGAGOR herein, either in whole or in part. ; 10. It is speci.'ically agreed thal time is of the essence of this <ontract and Ihat no waiver ofi any obligalion hereunder or of the obligation se- ' c~red hereby shall at any time thereafter be held to 6e a waiver of the terms hereof or of the instrument secured herby. ~ 11. In add~tion to the forego;ng momhly paym~nts of princ'pDl and interest requ~red by tha promissory no!e secured hzreby, mortgagor covenanis ' and agrees to pay to mo~tgagee with each mon~hly pay.r;em an add~rional sum est;mated by mortgagee to be equal to 1/ 12 of the annual cosl of the follow- ing: i A-All real prop>rty taxes levied or assessed against the above desuibed real estate. B-Premiums on (ire and vfindstorm insurance as herein reqv~red to be carried on the improvements situate on the above described premises. j C-Premiums on such mortgage guaranly insurance as mortqagee shaG from ~fine to tirrte deem fit to carry on the loan secured hereby. Mortgagee shall irom time to t;me notiiy mortgagor in writing of the amount due and payable hereundar and such sum shall thereupon be due and payable on tfie due date of the n~xt monthly payment and each successive month thereafter until mortgagee shall notify mortgagor of a change in svch amount. Such sums shatl be appfied by mortgagee toward the payment of real property taxes, insurarue prem;ums, and morfgage guaranfy insurance premiums. IN WIiNESS W REOF, the said tAORTGAGOR has hereuntp set his hand and seal the day and ycar firs: aforesaid. Sign al a e'vered in the presence of: /J ~_f $Ca~) : "GGi ~ 7Lf . (Seal} : • (Seal) ~ {Szal) STATE OF FLORIDA ~ Saint Luci~ ss COUNTY OF j Before me peraonally appeared I~Olli S F Kinderman a~a - A i i j1~[ ~ Y~ tn c~gT'p19ri his wife, to me well known and knovm to me to be the individuals describad in and who executed the foregoing instrument, and acknowtedged before me fhat they executed the same for the purposes lherein expressed. And the said A~~.C~ M Kinderman w~fe o'F the ~aid LOU~9 Kinderman . ~ • ;•vpen a-sePacate and privata examination by me taken separate and apart from her said h sband, acknowfedged to and bef~re me that she execvted 'said imtrurrm'~r~t= fceefy, and volun- ' larily and without any compulsion, constraint, apprehensior~r fear of or from h 'd huaband. _ ; - WITNESS my hand and oificial seat this ~ day of e uar - a,D..{9~ ~ . _ I,, - 'til ' , cN . , ~ . , : , , . : ~ otary Pub~it in and for ihe S1ate'of Fbrida a( tir~e - _ My Commission expires: ~ ~ • t - ~ Return To: . ti- Firtt Federal $avings b Loan Association • . : . , ~ ~ Of fort P~erce. ~ ' Fort Pierce, Flor~da F I L E D ti p R E ~ Q R ~NOTARV ~uBUC. STATE ot F10RlDA.xt~lAf~G~; ~ . I`,~_ r ~ tdY COSlS!lSS;Ot~ E~iPiRES A°R. 24,• 1~69.., ~ ' ,~~',;:.:t~t,:, ~~~~~-~~-_h;::: ~OOK . ~ r ~ ' ~ ` , , ~ _ - - - fi6 ~E8 ~I PM 3 . 3 6 = - ~ . ~ ~ ~~c , ~ . . : _ _ Roc~n ~1_ ~ -U~ ~i7.j~~. Cl.ERK - . . , ST. LUCit COUNTY, . ? . , . . : FLORIDA ' ! ~ . . , , ~ ~ : . ' B QDK _ ~