HomeMy WebLinkAbout2882 3. To pfaa and eontiewously keap on ~he buitdinqi now w Mr~ahK situat~ oe s~id land v?d oe dl puipn~M and puson~lly oo~wnd by tNt nart0' :
~gs, with ~II premivmt thereon pa~d in full, fire insurance in tM usual ~undard policy fam, in • wen approwd by tM MORTG/?GEE. and winduan~
~ns~.anc~ in the ~iwi ttar~dard pol~q fam, in + s~m approved by tM MORTCsAGEE, in wd~ canp+ny or caePani~s a~ tM 1MORTGAGEE nwy
d~rect: and all fir~ ~nd winditorm insurance pol~cies on a~y of said build~npa, ~ny Mtenst tFw~in or p~rt tlwwf. in th~ apprp+N wm afp~saW a
in ~zcets Iher~of, shall conuin tfis ~rsual standard ma~gagee cla~ss or iuch othK tlauw a, th~ 1Norty~ m~Y hqvin, m+kinp tM las uedK ~+id PaF
ue~, eath and ~v~ry, paYabl~ to said MORTGAGEE ss its interett may sppea~, ~+d e~c1? and ~very svch pol~cy ahall b~ pranptly ass:yn~d and d~liw~ed M
any hsld by said MORTGAGEE as furtF~er secu~ity to uid mort~ape debt, sed, aa I~ss ~Mn an (101 d+ri tn +dv+^a of tM ~xpt~~tion of ~ad~ poliey. M d~-
I~ver to aid MORTGAGEE a renewal thc~eof, together with a receipt for the premivm of w'th r~w~lJ and tMn slwll b~ no firt or wundttorm t-~wana
olaced on ~ny of said buildi~gs. a~y i~tereit the~e~n or p~?t thereof, unteu in ~he form ~nd wi~h tM loas p~yabt~ p~tons~Ws +nd to tM ~wns ~ny awn
of mon~Y becorn~s p~Yabls w+der such policy or polrciss ssid MORTGAGEE shall haw tM opfion ro nuiv~ u~d apply tM s~ an ~cw~nt of tM k~bt~
nesa secu~ed ha~by w a permit said MORTGAGORS to receiv~ ~nd ~s~ N a aey pa~t the~eof fo~ other p~rpos~s, without thereb~? waivirg a imp~ir-
ing any equity, lien or right under a by vinue of thi~ mortgs~e; and in ~he ~veat s~~d MORTGAGORS :I+all fa ~ny r~sson t~il ro kkp th~ wid ptimiNS so
~n~ured. w f~dl ro deliwr promptly any oi uid policies of insurance ro said MORTGAGEE. o. r+~i ~~y +o ay t~~h? u+y a«~+~~ r~,...to. « in ar.;
respect fail ro perfonn, d~schuge, execute, effect, complete, compty with ud abid~ by tFws tovenant, or aey put Farwf, s~id MORTGJIGEE e~y pl~a and
pay fw tuth insuranc~ w ~ny psrt thtreof without waivin~ w aff~dinp ~ny opYwq, li~n, puity, or riqht ~ or by vktw of this Mort~• ~nd tht
full amount of each and every such p+yment sMll be immcd'atelv .rw p.~:.: _~nd sh~ll b~u intera~t frpn th~ dat~ thKwf uotil paid at th~ raN ol
n~ne pet cent~m pa annum and together wi?h such i~taest s:~all be secured by tM li~n of thit mort~ap~.
1. To p~?mit, commit or suffer oo wasto, impa'ument a ckterio~ation of said propKty or ~ay pirt therwf.
5. To pay ~II and singula ths costs, ch~rges ~nd expMSes, includinp a reasonabl~ attwney's f.. and oosn of .bsnac~s of m1.. krcw~~d o~ p+id tl
any time by said MORTCaAGEE, becavse w in the event of the fsilu~e on the p+rl of th~ tak! MORTGAGOR to duly, pomptly a~d fi+~~Y pK(or~1. d'ath~tWt
execuie, effect, complete, comply w~th and ab:de by each and every the stipvtataro, apreements, conditio~a ~nd oow~snn of said promissory not~ and thU
morrgaye any or ei~hat. and iaid costs, chsrges and expenses. esch and evNy. shall b~ irtunedial~ly due u~d payabl~j whethK a not tMr~ b~ noti.` d~ ~
mand, attempt to colkct or tvit pe~d~ng; and the full amount of each ~nd tva~y wch payment sh~ll bea~ intK~st, from th~ dat~ the~~of unti) p~fd H fh~ i
rare of nins per centum per am~um; and all said costs, charges and expe~ses intwrad o~ paid, lopeth~r with wch inMnat. sh~ll b~ s~twd by t11t IN~ of thk ~
mortga90.
6. ihat in the evenl uf any breach of thii Mortgs9e w default on tM part of ths MORTGAGQR, or (b) in th~ ~wnt aMr of uid sw~u of moeNy
herein referred to be not promptly and fully paid within thirty (30) days nex~ ~fter the same ~everally b~tom~ dw ~~+d payabl~, withoW dMn~nd O? notia.
or (c) In the evem each and every the s~ipulations, agreemenb, conditions snd covensnq of s~id promis~ory not~ and thi~ matpaQ~ ~ny w NtMr ~r~ nol . ;
~uly, promptly and fully perfamed, d~xharged, executed, effected, compkted, compl'~ed with and ~b'~ded by, 1Mn M~itMr w~ny aid~ ~wm th~ ~aid ~ i
g~egate sum mentioned in said promissory note then remaining u~paid, with interest acuved, ~nd all mon~ys s~cvr~d.lw~~by, sh~ll Moon+~ dw and p~Y'
eble fwthwith, or thereaher, at the op~~on of uid MORiGAGEE, as fully snd campletelr as if •II of tM said ~un~s of nan~y wan oripinatly stipulatsd
to be paid on such day, anything in ssid pro~niuory note or in tha Mwtgage to the contnry notwithsisndinpt and fhN~upOn or N~er~~ftef af tM Cption Of
:a~d MORTGAGEE, without notice or demand, suit at law p in equity, 1F1e~OFO~Q Of 1MfNfiH b~v~, may b~ prpKUt~d as If aU mornl?t MW?~O Mr~bY
had mawred pnor ro ets irutitution.
7. That in the event that ~t the beginning of w at any time pending any suit ~pon t6is Mortpsp~, w to ~ohtlw~ N. or b hfwrti N, oI to ~e?foro~
payment of any ctaims hcreunder, said MORiGAGEE shatl apply to the Court having jurisdidion thenof fot tFw appointm~nt of a R~oe~iwl, ~~df Coutf shal)
ior~hwith appoint s receiver of sai~ mortgaged property all and aingul~r, includ~ng all and singulsr th~ intonN, profiri, iuuN ~nd rewnuM froen wha/~vN
source derived, each and every of wh~ch, it be~ng expiessly understood, is hereby mortgaged ss if sp~cific~lly kf forth and ebwib~d fn fhi prantinp and
:~abendum clavses hereof, and such Receiver shall have all the brwd snd effective funct~ons snd powen in anywiu entruat~d by ~ Cowt tp ~ R~aNa, and
s:.ch appointment shall be made by such Court as an admitted equity and a m+ner of ~bsolut~ riyhf to Nid MORTGAGEE, Mfd with0ut nfNUie1 to 1he
adequacy a inadequaq of the valve of fhe property mortgaged or to the wNenty or insolvency of s~id MORTGAGOR or th~ d~fMd~MM~, ~nd th~t auth
renss, pro(in, income, iuues and revenues shalt be applied by such Receiver according to th~ lisn or puify of Nid MORiGAGEE Md fM pradiq Of wch
Court. - ~
9_ To duly, promptly snd fully per(wm, discharge, execute, effect, complet~, oomply with and ~bid~ by Mtl~ ad ~wry th~ ttipulatioM. aprMnMnt~.
cond~tioro and covenants in said promluwy note and this mortgsge set forlh. ' •
9. That in the event the owner:hip of the mortgsped premises, w ariy psA thereof, becanes wshd in • pawn oth~r tkan tl» MORTGAGOR, the
~ti10RTGAGEE, iri wccessors and auigns, may, without notice to the MORTGAOR, deal with such svtussor w M+p~tsor in iM~raf with nfM~ to th4
mo~rgage and the debt hereby secured i~ the same manner as with Mortgagor without in any way vitiatirg or d'atF~uyirg th~ Nbrty~pOrt' Wbfllty hN?
~r.der w upon the debt hereby secured. No sale of the F~emises hereby mortgaged and no fwbearana on tM part of tM MORTGAGEE w Ma woo~s~ws
or assigns and no extension of the time for the payment of the debt hereby secured qiwn by the. MORTGAGEE w ifs svontwta or usipM, slwN op~r~f~
ro release, dixharye, modify charge w affect the wiginal IiabiGty of the MORTGAGOR herein, eitMr in wlwl~ a 1~ put. ~
10. It is specifically agreed that time is of the essence of this contract and tMt no w~iwr of ury obliyatan Mr~under or of 1M obllp~ti0n sr
cured hcreby shalf at any fime thereafter be held to be a waiver of the terms hereof o? of tF?e instrument Mcw~d h~rby.
I l. In addition ro the fo?ego:ng monthly paymems of princ'pa) and interesf required by the promiswry nOte fet~red hNlby, mortp~Or aownaM~
and agrees to pay to mortgagee wiih each monthly payrnent an addirions~ sum estimated by mo~tgspee fo be eqw) t0 1~12 of tM ~nmial oosf Of fFN fOllow-
ir~~: -
A-All real property taxes levied w assessed against the above destribed real estate. ~
B-Premiums on fire and windstorm insurance as herein requ~red to be urried~on the imptov~nNnt~ sifuat~ p1 ihe abOV~ dtwib~tl prNnhN.
C-Premiums on such mortgage guaranty insurar~ce as mortgagee shall from time to time deem fit fo prry on th~ lo~n seCw~d hK~by.
Matgagee shall from time to time notify mortgagor in writing of the amount due and payaWe Mreu~de? 1nd tuth sum thall fhNwpon b~ dw ~nd
~3yable on the due date of the r~ext mp~thly payment and each successive moroh thereafter until mat9sgee sl+all notiiy morfg~Qor of ~ ch~np~ in wdf
a~~ounr. Such sums sF.all be applied by mortgagee toward the payment of real p?operty taxes, inavrance premivens, and mottp+p~ pwraMy iMw~nt1
premiums.
; IN WITNESS WHEREOF, the said MORTGAGOR has hereunto ut his Iwnd and seal the day yNr Rnt ~foresaid.
~ ~,y aled and deli'v r in tt~, presence of: ~
, ~ Oli q
. n
_ ' n
~--n
Sir~TE OF FIORIDA ~
couNn oF Saint Lucie ~ ~
;
Befwe me personally sppeared I'1I1T188a3 L. K6110g~ _ ~
~ Elizabeth R. Kg110gQ his wife, s~ ~~n .~d ww~ +o +o b.
the individuals desuibed in and who executed the fwegang instrument, and atkrwwltdged befon me 1Mt tFNy executed ths sartN for th~ pNpos~s
!herein expressed. And the said }~izabeth R. ~~11 pO0
r,~re or tr~e sa~d -.Linnaega F~ Kelllo¢g - upon , sep~..» .na priv.»
e~am~naYwn by me taken separate and apart trom her said husband, ackrwwledged to ~nd befwe me thaf she exeaited said imtrument freely and volw~-
rar~ty and withovt any compuliwn, constraint, appreheraion, or~ of or from her wid hus .
WITNESS my hand and offitial sesl this a 6` day of A 0. 19~
~
~ Nobry Public in and fw ths Sts» of Florida ~t Lu~ ;
~ , My Commssan ~xpins. - ;
Retur~ Ta ~
Fint Feder~l Sav'~ngs 6 loan Associafion
Of Fwt P~erce. ~'{Otify ~K, Sti1E s} ~Otj~i ~ ~
...~w?=t+;~.t,,, ,F~„~da FILE~ AND RECORDED' Mr Commission 6cpKes Nor. 3, 1969
~ s. ST. LUCIE COUNTY. Fl.A. w.a.a ~.K,K.,, r,. s cu.~:h c~.
~ , ~
" REfOR[? VERIFIED ~
~ -,J ~ -L595Q0 '
- _ '6T AUG 28 !!MI 9 : 42 ~
~j ~ i 'vi ~ .
' ~ rv` ~ ~i~~
~ i .
- ~ • ...•~•~-i ~0:;~_~ i'UtTR~$
'>:,~L.J.i;'=~.;~.~``.; ~ CLERK CIRCUIT COtlR~'
. ,~.r 0 R QQ . ~ ~
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BaOK 16~ PAGE~OpO :
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