HomeMy WebLinkAbout1323 1. to ptscv ~nd conH~wously kNp on ~h~ buildinps r?ow a Mreaft~r ~irwt~ on said laed snd o++ ~II equipm~M aod pason+lly cov~r~d by this mon~
•9e. wi?h ~U pr~miwns tht~~oe? p~id in full, fin insurance in ths usuat ~tu,dard policy fum, In a ium ~pprowd by tM MORTGAGEE, a+d windtitwm
~nwr~nc~ In tM uswl aandud pol~cy fam, u? ~ sum approved by the MORTGI~GEE, in axh company a compani~s a tM MORTGAGEE n+ay
di~ectj and ~It fin ~nd wi~dtrorm inwnnc~ policies on ~~y of iaid buildinps, ~ny iMaa~ thaei~ o? p~M t1?~rwf, in 1ht +pyreQat~ wm ~forts+id or
In ~xcyas thK~of, aMll cont~in tM ~wal standud mortgagee dsvss o? svch other ctaus~ as tM Mortyag~e m~y rpu~n, rtukinq tlw !ou under asid pol}
c~es, eac~ a++d ~wry. paYabl~ w said MORTGAGEE aa its intc~eit may ~pp~a?. and each a~d ~vay :uch policy thall b~ promptly ais.qned ~nd delivs?ed ~o
•ny h~Id by iaid µpRTGAGEE u funMr tecwity to said mort~ay~ debt, ~nd, not Isss tl+in ten (10) dars in sdvance of ths expir~tion of e~ch po~~cy, to dr
I~ver ro wid MORTGAGEE • nnswal th~rtoi, loyetlw? with a receipt for the p~emiwn of such renewalj and ther~ shsll b~ ro fue o? windstam insur~nt~
F~~~ oe ~nY of said b~iWinps, ~ny interest thaei~ or p~r~ therwf, unleu in ths fwm and with th~ loss p~yabl~ as ~fwasaid; a~+d i~ th~ event ~ny wm ~
of mor»y bao~m~ p~yabl~ w~d~~ wch polih a pol;ciei aa;d µpRTGAGEE shall h~w ~h~ option to receive i~ ipply t~0 NmQ Of1 KCOUAI Of tIN If~lbtltJ~
ne~s ~tcw~d h~r~r w to p~rmit said MpRTCsAGORS to receiw snd us~ it q any part thereof fw other purposes, wi~hout thereb~ waiving a~mpai.- ~
iny +ny puity, {ia~ or ripht w+d~r w by virtw of Ihii mortyaQes and in tM event taid 1MORTGAGORS sMll fw u?y reason fail to keep the s~id pramises so
~nsured, o~ fail b delivw prompfly a~y of said policies of inswante to said MORTGAGEF, a tail promptly to pay fully ~ny premium ?herefw pr in any
r~spxt f~il b patwnl, dischuge, ~xecvt~, ~ffect, completercaR+ply wirh ~ed abid~ by ~his cove~+ant, w any p~rt hereof, tsid MORTGAGEE m+y plsce ~nd
pay for weh IeywaeKS or ~nr pWt tMnof withoul waFvinp w affeainp ~ny option, lien, equi~y, oa riqht uncl~t a by vi,tu~ oi thls Mortp~ and ~M
t~U ~nww?t of ~ad~ ~nd ~wry such paymN?t sh~ll b~ immediately d~e ~nd payaW~ u+d shall bear interes~ from th~ datt thereoi u~til pai3 at tM ~ab ol
n~ne pe~ antvm p~r anrwm and to~ethe~ w;th,wch inte.est shall be secvred by the lien of this mortya~e.
1. To p~rmit, oonw~dt or wff~r ~o wast~, impairment oe deterioraYwn of said property or any part thereof.
S. To pay ~It and sirgvfar 1M coat~, charye~ ~~d expenies, includi~g a reasonabk ~ttwney i fee and costs of abstrscta of titls, ie~curc~d w paid at
any time by said MpRTGAGEE, betauss a in the svent of Ihe (silure on the p~n of the said MpRTGAGOR to duly, promplly ~rtd fully perfonn, diuMt~~;
~xecut~, ~ffect, oompkt~, canply with ~nd ab~de by tach and every the itip~lations, ~grcemenn, coneGtions, and cowna~ts ot s~id promissory note and thµ
morr~ay~ ~rty a sitha. and said ooais„ cF~u~es and expenus~ esch and avery, shall be immed~ately due and pryable: whether or not there be r,otice dr
mand, att~mpt to collect or wit p~nding= and tM full amount of each end every such p~yment ihall besr interest f~om the date thereof until p~id at tM
rare of n(n~ per centum per ~nnvm; a+~d all said costs, chs~ges ~nd expenses incwred a paid. together w~th wth inter~at, thall bs s~cv~ed by the lien of tha
mortpapw
6. That in the ewnt of any breach of thi~ Mwrysy~ w dafault on tM pan of ths MORiGAGOR, or (b) in the event ~ny of said sums of mon~y
hsr~ln r~ftnd ro be not promptly and fully paid within thirty (30) days nexf after fhe same seve~a!!y become due ~nd payabls, without dem.:nd or notite,
or (t) tn fh~ ~wnt each and every th~ stipvlatioos, ~greemenri, conditiona arsd cove~ann of sa~d promiuwy note and th~s mortpape ~~y or eitha are nol
iuly, ptompNy ~nd fully pa~formed, discharged, executad. effected. completed, complied with ~r+d abided by, then in either w any svch ~wnt tM said aQ~
preyate wm m~ntip~ed In said promiswry nots tFxn remaininp unpaid, with intarest acuued, and all moneys secvred. hereby. ~hall becwne dw snd p~y~
abI• f~?thwith, or tlKreah~r. ~t the option of said MORiGAGEE, u tully and completely as if all of the wid wma of money were wpinally stipulated ~
to bs paid on wch daY. u?ythirg in s~id promiuory oote or in this Mwtgage ro the conrrary notwithstandinp; and therwpon w thereafter at the option of
uid MORTGACsEE, withoot notice o? demand, wit at law or in equity, tharefwe or thereaf~er beg~n, nVr b~ pro{ec~t~d as if sll mor~eya secvnd hsreby
had matund ptior fo ib i~slitution.
7. TMt in th~ event tMt ~t the beginning of w ai sny time pendiny any wit ~pon this Mortgag~. or to forsclose h, a to mform it, or to enforp
p~yment of ~ny d~im~ I+Nwnder, aaid MORTGAGEE shsll apply to tF~e Coun having jur~sdrction thereof ta tM ~ppoimment of ~ Receiver. wch Court shall
forthwkh appoint i nceivet of sa' mortpsged property al1 and singular, includ~ng all and sirgulu the incom~, profits, iss~es ~nd revenues from whatev~r
wurc~ derFwd, tath and ~ray o~whitFy it bting expreasly understood, is hereby mwtgaged as if spetifically set fath and dewibed 1~ the yraMinp and
habendum dausa he?eof, and wch kece;v~r sM1~ }~a,~e ~II the boad and effective funct~ons and powen in anywise entrusted by a Cov~t f9 a Receivsr, ~nd
such appoi~tment shall b~ rrude by svch Court u sn ~dmitted equity and a matter of sbsolute right to said NIORTGAGEE, ind without nferent~ to tM
adequary a inad~quaq of the value of the propaty morty~ged a to the so~vency or insolvency of said MORTGAGOR or the defendants, and that tuch
rents, profits, incans, issues and rsvenues shall be appl~ed by such Receive. accwd~ng to the tien w equiry oi s~id MORTCsAGEE and the ~actice of such
Courf.
8. To duly, promptty ~nd fvlly pKform, dischar9e, execute, effect, complete, comply w~th and abide by ~ach ~nd tvtry the stipulatioro, ayreem~nts,
conditiom and coven~nts in uid promfaswy oote and this mortgage set fwth. ~
9. Th~t in th~ event the ownenhip oF the mortgaped premises. w any pan thereof, becomq vest~d in a psrson other fhan the MORTGAGOR, t!~
MORTGACsEE, hs wcpssors snd auyes, may, witfiout not;ce to the MORTGAOR, deal with such successor or ~utces~or in ;nterpt with refcrente to this
mortg~~ and tM debf hereby setured in the same manner u with Mortgaga witlwut ie? any way vit~atiny or d~stM~ying the Mortqpors' liability her?
under or vpon tM debt htreby secu~ed. No sale of the paem;ses hereby morlgaged and no fwbearance on tFre paA of tM MORTGAGEE or iri succeuon
or a:signs ~nd no extens'an of the time fw the payment of the debt hereby secured given by the MORTGAGEE w its sutcesson pr u~igns, sh~ll operat~
to release, dischuqs, modify ch+nge or affect ti+e wiginal tiability of the MORTGAGOR herein, eitlxr ;n whole or in put.
10. it is specifically agreed that time is of the essence of this contract and tAat no waFver of any obl~atian hereunder w of Ihs obl'g~Yan s~-
cured hereby shall ~t ~ny time thereaha be held to be a waiver of the terms Ixreof w of the insuument secured herby.
11. In addition fo the fwego:ng monthly paymems of princ"pal and interest required by the promissory note secured hereby, mwtgagor cov~nsnri
and agrees to psy ro mortgspee with each moethty payment an additio~al sum esrimated by mwtgagee to be eqwl fo 1/12 of the annua! cost of tFfe follow-
ing:
A-AU real property faxes kviec! o? assessed against the above deu.ibed real estate.
B-Premiums on fire and windstorm insurance as herein requ~red to be u~ried on the improveme~ts situate on the above desvibed premises.
C-Premivm~ on suth mortgage gwra~ty insurance as mortgagee shaN from time to time deem fi! to carty on the Ipan secured hereby.
Mottgsgee shall from time to time notify mortgagor io writing of the amount due ard payable hereunder and iuch sum shall thereupon bs due snd
payable on the due date of the nezt monthty payment and each successive month thereafter ur,til mortgagee shall notify mortgagor of a change in such
amount. Such sums shaii be ~pplied by mortgagee toward the paymeM of real prope~ty taaes, insurance prem:ums, and mortgage yuar~~fy insurante
premiurtM.
IN WITNESS WHEREOF, the~s~id MORTGAGOR has hereunto set his hand and seal the day and year firat efwesaid.
Sig~ ~alsd and 1i red ' tM presence of:
~
.n
~
~ .
~
~ _ ~-n
' ~ STATE OF fLORIDA ~ .
St. Lucie u-
couNn oF
Before me psrsonslly sppeared Ha ro 1 d L. Ke a ton
and
Ma ry E Ke 8 tOD his wife, to me well known and knawn to me to bs
'ha ~^divlduds daaibed in and wl+o executed the fwegoing instrumer?t, and acknowledged befwe me that they executed the same for the purposes
?h~«~~ .xa~. ~?~a ~r~. Ma ry E. Ke a ton
w~fe of tM said - FI9T'Ald T•_ Keaton - ~P«, a separate ~nd privat~
examination by me taken separate and apart from her sa;d husband, ackrwwiedged ro end before me that sF~e e:ecvted said instrumem freely and volufr
rarily ~nd withwt u+y compubion, constr~i~t. apprehens~on, w fesr of w from her ssid husband.
WITNESS my h+nd and official seal thi: ~ 19 t day of ~ A. D. 19~S~L
otary Publ'~c i~ and for 1F~e State of Fforids at larye
Retum To: . t•' My Cortkniuion ~upires:
Fint F~der~l Savugt ~ loan Afsotiation iZ - {~0~ PI~C. S~! O~ ~O~Id! i~ VI~
'\i ~
Of Fort Pierce. . • µr (p~issioe~ Expires Sept. 23.1969
forf Pierce. Iw• J• ~ • MwN~ ~t fir~ i GswM~ G.
F~IL~D AMD R ' '
ECORDED - ~ L- " ~
ST. lUC1E COUNTY. F~,q.-_ s F- =
. FtEC~RD VERIFtEO ~ c _
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..~~~C~tiriGt~S/ ~ , ~~K::;:;:•
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~:OGER FOlTR~$ .
CLFRK GRCUIT CO~T gpOx~~4 PACE ~
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