HomeMy WebLinkAbout1973 ~ _ ~
To p1~a and aonti~wo~sly kNp on th~ b~ildirqs iaw or M+s+ftN sitvat~ o~ said land snd on all equipmM ~nd pNSOn+lly tovK~d by this motl~ i
~y~, with all pnmiums tM~~a+ Qaid in f~14 fih insuranc~ io tF?~ ~svai st+ndard policy form, in • ~wn ppowd bp tM MORiGAGEEr +~+d winduam ;
inswana In tM ~swl iqnd~rd polity fam, in ~ sum ~pproved by tM MORTGAGEE. ln such company or canpanl~s +s tl+~ 1~10RTW1GEE nuy
dir~ctt and ~II iln a+d windironn i~u~anc~ polki~s on any of ~aid buildi~gt, any Inh~est thereen w pu1 thtr~of, in tF» ~ppr~y~t~ aven afaaaW or
In ~xaa tMnof, aMll cont~in tM ~nwl standud mor~gage~ davss a such otlw~ claus~ a tM Matya~e~ m+y rpuu~. m+kinp th~ lou ~^~la~ ~+'d Pd~
ciy. Nth and ~very. p~Yabb b s+id MORTGAGEE u its intere~t m~y ~ppssr. ux! sach +~d every such policy ihall b~ promptly as:prwd ~nd d~livK~d ro
a~y Mld by uid MORTGAGEE ~s further wcurity to said mort~a~~ d~W. u~d, r?W !tu tM~ ten (10) days ln advai+ce of tM exp'usuon of Nch policy. ro d?
liv~r b uid MORTGAGEE • MMWiI fllff~Ol, topetMr with a reteipt for the premiwn of s~rch r~newal; and tMr~ shall b~ no fir~ or windiiam inw~anc~
plac~d on ~ny of ssid buildinps, ~ny interat tMrei~? or put t1~e~eof. unleu in tM form and with 1M lou p+Yabl~ as afores+idj and ie~ the ~v~nt any twn
of ma~y b~coems p~y+bl~ u~r +ud~ PdkY or Pol~ciss s+id MORTGAGEE shall Mw th~ optan to rec~ive u~d ~pply tM s+rne a+ +aa+m of the ind~bted~ :
n~ss iscw~d hu~py w to pKmit faid JNORTGAGORS ro rooeivs snd us~ it a sny part thereof fo~ other pwposes, without 1hs~eb~ waiving or ~mpair- i
irg anY puity. lia~ or ~iyht vr~Mr a by vtrtw of this mortyayes ~nd in the ~ven~ said MORTGAGORS sh~ll fa ~y reason fail to keep the aid pnmfses so :
~a
Insund, o~ bIl b d~liver promptly anY of said policies of i~suranu to said MORTGAGEE, w fail prompty to pay fully ~ny premium therefa a in a~+Y i
resp~ct fail b p~rfwen, d~sch~r~e. ~x~cut~, ~ff~c1. complete. comply wi~h ud abids by this oovenant, o~ a~y put hereof, s~id MORTGAGEE may pl+o~ ~~d i
paY fw wch Law~ o~ any p~rt thKeof witlwvt wahrirg or ~ffectinp ~ny option, li~o, equity. o? r'pht u~d~r w by virtw of this Mor~p+p~. ~nd 1M ~
tull ~,a~+~ of .,ch .~,d .w~y wd+ ~,..y~+.m .h~u b. ~dwtey a~» +~+d wy+e~. a^d aFWU be+r ieterest fran tl+~ dat~ thsreof until paid ~t th~ rat~ ot
n;n~ pK oantvm pK amum u~d toyether wi~h wch lnte.est shall be s:cvred by tM li~n of this mat~ape.
4. To pKmit, axronit or wff~r no wast~, imp~irment or det~raration of s~id p?ope.ty w+nY Put ~1~er~of.
5. To p~y ~II and sinpulu tM cosH, cha?pes ~nd expensss, includinp a reasonabls attorney's fee u~d cosn of ~bstractt of titls, ir?cvr~~d or pald N ;
any tirrK by said MORTGAGEE, beuu~ w~ Nn event of ths failure on ths paN of tM s~id MORiGAGOR w duly. promptly and fi?I~Y pe~fwm, d~schup~
•.ec~t~. ~ffKt, compbt~. eomply with and ~b~de by ~+ch u~d every the stipul~t~ons, apreements, conditions. and mwn+nts of said promissory not~ and thu
mortpa~ ~nr or ~itha. u+d s~id cosM, d~ug~s and expeeses, each and every. shall b~ inunediate~y due snd payables whethe? w oot there b~ notice dr
mand. ~ttempt to aollect o~ wit p~~?d~ng~ and tM futl unount of each ~nd rverY wch P+Ymem shall besr intaf~st from tM dat~ thereof until p~W ~I the
rete of n4~ pK centvm per aiuwm; and all ~aid cwts, char~es ~nd expenses ~ncurred w paid, together with such inter~at. ~hal) b~ sear~d by tM li~n of ihi~
~Q~
6. iMt in the evem of any breach of this Mon9ap~ or default on tM part of tl?e MORTGAGOR, or (b) in tM weot any of said wms of morKy
her~in r~f~rr~d to be not ptompHy and fully paid within thirty (30) days next after the same severally bacon» dw and p~yable. wilhoul demand w notice,
or (c) tn tM ~wm Nch and ewry the stipuktioos, ~greem~nts, ca+ditions and covensnts of atd promiuwy note ~nd this mort9ap~ ~ny or e~tF?er a?~ nol
iuly, promptly and fully p~rformed, d~schar9ed, execvted, effected. completed, complied with and ~bided by, th~n in either w any such ~vent tM asid ~g
prp~t~ swn mentioned in pid promiuay note then remaining ~npaid, with interest scuued. and all moneys setvred. hareby. shall betaot due and p~y~
abl~ fonhwith, or thK~afitr, d tM optan of said MORiGAGEE, ss fvlly and completely a~ if all of the said awnt of mo~ey we~e wipin~lly stipulattd
ro b~ paid on ~uth day, anythinp in said promiuory note w in this Mort9sye to the m~+trary notwithsfandinp; and tMrwpon w thereafter st the opt~on of ~
~~id MORTGAGEE, witFaut not~n w dem+nd, suit.at law w in puity, therefore w theresfTer begun, m~y b~ pro~ecuted ~s if all moneys searr~d her~by '
had rtwtw~d priw to iri iestiriition.
TMf in tM went that ~t tM beginni~+g of or ~t any time pending any wit vpon this Mortg~~, or to foredos~ N, c? ro refom+ it, a to enfora
payment of aMr daims her~under, said MORTGAGEE sMll apply to the Cou~f having jurisdKian thcreof iw tM appantment of ~ Receive~, such Court sh+~l
forthwNh appoiM a nceiwr of si mortpaged propertY +11 and singul~r, includu+g all and siryular the incan~. profits, itsues and revenues from what~wr
wuru d~riwd, eath ~nd ~wry o~whitF~, i1 b~inp expteuty undcrstood, is F+ereby mortgaged as if spetifically s~t forth and dewibed in th6 prantiny and
habendum d~vks hereof, snd such Recav~r sMll have all the broad and effecr~ve f~nct~ons and powers in anywiss enuwted by ~ Courf f9 ~ Receiv~r. ~nd
wch ~ppotntrn~nt shall be m~de by wch Court as an admitted eqvity snd s matter of absolute right to aid MORTGAGEE, and without r~faent~ to tFr
adequacy a inad~quuy of ths valw of the propery mwtgsged or to the sonrency w insolvency of said MORiGAGOR w the defendann, and that tuch ~
ren», profin, intoms, issues snd revenues ~hall be applied by such Receiver xcwdiny to the lien or equity of s~id AhORTGAGEE snd tF~s practic~ of such j
Coun. . i
8. To duly, promptty ~nd fvlty paform, discF~ar9e, execute, effect, complete, aomply with ~nd ~bide bp each u~d every tM stlpulatio~a, ayre~ntnb, f
conditioru and oovensnn in said promhswy note and this mwtgsge xt forth. ' .
9. That in the evem tl+e ownership of the mortgs~ed premises, or s~y psrt thereof, becomes vest~d in • psrson other M~n the MORTGAGOR, tir
MORTGAGEE. Na succestws and sugro, may, wi~hout notice to the MORTGAOR, deal with such successw or wcc~s~a in i~terest with refer~nce to this
mort~p~ ~ed ths debt hereby setvred in tha same manner as with Mwtgsga without in any way vitistioy or d~atharying the Mwtyapw~' liability htrt
under w upon tM debt hsreby secured. No sale of the premises hereby mwtgaged and no forbearance oe~ the part of tM MORTCaAGEE or iri successors ;
or euipM u~d no extension of the time fw the paymem of the deb~ hereby secured yiven by the MORTGAGEE w iri successws w ~ssigns, sh+ll operal~ i
to r~lew, distharpe, modify chsnge w affect the original liability of the MORTGAGOR herein, either in whole or i~ parf. i
t
10. h b specifically aQreed th~t time is of the essence of this contract and that no waiver of any obl'gatan hereunder or of the oblipation ~a- I
cur~d hareby shal{ ~t any time thereaher be held to be a waiver of the terms hereof a of the instcumem secured herby. ;
I1. In addition fo the forego:r+g mw+thly payments of princ'pal and interest required by the promiuory note secured hereby, mortgsgor oovtnanri
and syr~es to p~y to mortys9ee with each monthly paymcnt an add~ianal sum estimated by mortyagee to be eqwl to 1/12 of the annual cost of the follow-
ing: _
A-All real property taxes kvied w assessed against the above deuribed real estate.
B-Premiums on fire and wi~torm insurance as herein requ~red to be urried on the improvements sitvate on the +bove dauikxd preni~sq.
C-Premiums on wch mortgage guaranty insurance as mortgagee shsll from t~me to time deem fit to urry on the losn secured hereby.
~ Mortp~gee shall from time to time notify mwtgagor in writing of the smouM due and payable hereunder and such wm shall thereupon b~ due and
payable on the dve date of the next monthly payment and each successive month thereafter urtil mortgagee shall notify mortgagor of a chsnge in such
~ amounf. Such sums ahsll be applied by mortgagee toward the paymenr of real property fa:es, insurance prem:ums, snd mortyage 9wr~nty insuranct
premiurM.
IN WITNE55 WHEREOF, the wid MORTGAGOR has hereunto sct his hand and seal the day and year fint sforesaid.
Sipns S~aled ~nd ive?e in tM presence of: G
C y
C ~
r ~ n .
n--n
STATE OF FI~RIDA ~
St. Lucie
courm oF
6~fore ms persoeally spPe.roa Wi l liam C. MeKenna ,~,a
Harr1@t ~'i . MeKenna ha wiie, to me well known and known to me to be
the tndividwb desvibed i~ and wFa ~xecuted the foregoiny instrument, and acknowledyed before me th~t they executed the same for tFa pwpotes
lherein .x~..~a. a,a ~n..~~ • Harriet C McKenna
W;re ~r,~,. N~a William C MeKenna ~ ~ a sepsrate and privab ~
sx~mination by me taken separ~te and apan from her uid husband, adcrwwledged to snd befwe me that sfie executed said instrument freely and volur~
tarily a~d withovl aMr compulaion, constnint, apprehension, or feu of or from her said husb+^d• ebruar 67
WITNESS my h~nd aod offici~l ~eal thi: ~l r~ dsy of A 0. 19
ary Public in fa the Stste of Florida at larQs
My Commiuion txpires:
Retvm Ta. ```~~~~~.+;~~ri.r~~~~ - ° . '
Fint F~dtnl Sav' s 3 loan /lssociatan . - P~• SUb Of ~Ofidi it ~Nq!
~ny ~ n ~ i~ ~ir
. L, ~ • , ; r ~ 23, 1965
Of Fort Pierce. ~7,~• ~
~ C'~ • ~wM~ ~r A~ic.. F:. a ta~wh, ce.
fwt Pierce, florida : ~ ~ V ~
FILED ANO RECORD~~ _ ~ r; - _ >
ST LUCIE COUNTY. F~-A?• _ _ - ~
• RECO _ o ' J~, J
' RD VERIf1ED '
. iL- Q_
.152804 ~ : ~ . - ' '
'r,~rj • ~
N ~ : 06 z- .
'6T fEB 16 P . ,
~ CLERK~CIRCV~T COURT _ BOOK164 PAGE197i
~ ~ . - - - _
v ~rt ~hn._cG~,%.:.`~ C = _ _ . _ " . _ _ . _ - II ~ '4'*~^ 1r3~~ G
f~~ YF'35.
°'r',..3i