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HomeMy WebLinkAbout2834 To plac~ and con~i~uouily keep on the buildings ~ow w hercafrer utwte on said land end on all equipm~nt ~nd p~rsonally cov~red by thii ma~ p~, wilh ~Il premivrtt~ Ihereon pa~d in full, fire insur~nce the usual standard policy_ lorm, ~ a surn •pproved by the MORiGAGEE, •nd wind~twm in~ur~np In tM ufual slandard pol~ty fam, in a sum approvcd by the MORTGAGEE, in t~ch compa~y o? companles ~s tM MORTGAGEE m~y d"+rKtj ~nd ~I) fi~~ •nd wind~lorm insura•'Ke po~~ties on any of wid buildir+ys, ~ny i~terest tFu~ei~ or p~rf thtreo/, in tIN ~qgrega~~ ~um ~for~said or In ~xcess Ihereof, ahall contain the uiual itandard mortgagee clause or such otha claus~ ai tM Ma~~agce may requ~r~. makirg tM loss unde~ ssid poli~ cia, ~acA and ~very. payabl~ ro taid MORTGAGEE aa its interest may ~ppaa?, +nd each and evc.y iuch poliq shall be prompfly ~~s:pned u+d deliv~~sd to •ny held by sa~-! NORTGAGEE as furthe~ security to said mort9s9e debt, and, ~+ot leu than ten (10) days in advance of the expirat~on of ~ach pol~cy, ro d~- liv~ ro said MORTGAGEE ~ renewal thereof, ~oge~1+K wifh a rcce~pt fw thc prsmium of i~ch renewal; and ~Mr~ sha!1 k» no f~re or wind~twm insuranc~ plx~d on ~~ryr of said buiW~rgs, ~ny intere:t the~ein w p+rt the~~of, unles~ in the fwm'snd with th~ lou psyabte +s aiaes~id; and in th~ event any tum of mon~y becomes p+y+ble ~~der iuch poliq a pol~cies ta~d MORTGAGEE shall hsve tM opt~on ro rece7ve sr+d apply ths ssm~ on account o~ the indebted- neu secvred hereby w to permit said MORTGAGORS to reueive snd use it a any part thercof (w o~hcr purposes, wl~hout thereb~ waiving a~mpair- iny any pv7ty, lien w re~hl under a by virtw of this mo:sg~qe; ~nd in the event aid MORTGAGORS thall fw sny reazon fail ro keep the said prem~ses so intured, M fsil to deliver promptly ~~y of said polities of insunnte to said MORTGAGEE, ot fa;l promptly to pay fulty any premivm the~efw or in any n~pect f~il to pN(orm, diuharge, e:ecute, effect, complete, comply wirh and abids by this covenant, a any part hereof, is~d MORTGAGEE may pl~ce and pay tw such irouranc~ or any pan thereof without watvirg w affectirg any option, lien, puity, or ryht under a by virtw of thii Matysye, and tM fu11 ~movnt of each and every wch p~yment sh+ll be immed~~tely dw and p+ysbls and ihall bca? interest from ths dat~ the~eof w~til paid a~ tM rat~ of nin~ per cantum p~r am?um and togNhtr with sutA interest shall be seturcd by the lien of thit mortga~e. 1. To ptrmit, cortunil or suffer no wasts, impairmem or dcte?ioraYwn of uid property w any p~rt thereof. S. To pay all ~nd sinpulu the<osts, charges ~nd expenses, includiny a reawnabte attorney's fee and cosrs of ab~tracts of title, incvrred w paid st •ny time by said MORTGAGEE, because w in the erent of the failure on the pa?t of the said MORTGAGOR to duly, promptly snd f~ily pe~form, d~xharge. execute, ~ffect, tomplete, comply with and ab~de by each ~nd every the stipulat~ons, sgreeme~ts, conditions, and covena~ri of said p?omiasory note and this ~ mortgs~~ ~ny a ~~~he~. •nd sa~d cosn. chargea and expernes, esch and every. shall be immed~stely due and pay~ble: whethe~ or not there be no~ice da m~nd, an~mpt to tolled or wit penditg; and the full amount of esch and every such payment sMll bear interest from Ihe date thereof until paid at the i rate of nine per centum per annum; and all said c6sts, chsrges and expenus intvrred or paid, together with such i~terest, shall be sscured by 1F+~ lien of this mat9+~e• e. Tfwt (a) in the eveM of u?y brcach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event sny of said tums of mo~ey her~in r~ferred ~o be not promptly and fully paid within thirty (30) days next after ~he same uverally become due and payable, without demand w notice, or in the event each ~nd eva~y the stipulatio~s, agreements, conditia,s and covensnts of sa+d promisso~y note and th~s rrartgs9e ~ny or e~ther are no1 ~vly, prompNy and fully perfwmed, d~uharged, executed, ef}ected, completed, complied with a~d abided by, then i~ either w any such evtnt ths said ag yresat~ sum memioned in said promissory note tFxn remaining unpaid, with imerest xcrued, aod alt moneys secured hereby, shall betome dw a~d pay~ able forthwith, or thereafre~, at the option of said MORTGAGEE, as fully and complerely as if all of the said wms of money were aiginslly stipulated to be paid on tuch day, anything in sa~d promiuory oote or in this Mortgage to the contr~ry notwithstsnding; and thereupon w thereafta at the option of uid MORTGAGEE, without notice w demand, tuit at law w in equity, therefore w thereafter begun, may be prosecuted as if ~II money~ iecured he.eby had m~tured pn0~ to ds institution. 7. That in the evcnt that at the beginning of or at any time pending aoy svit upon this Mwtgage, w to fweclose it, o? to refum it, or fo enforp payment of any claims hereunder, said MORTGAGEE shall apply to the Courf having ju.~sd~ction thereof fw the appo~ntment of a Receiver, such Cour~ shail fatFiwith appoint s receivtr of uid mortgaged prop~rty all ~nd singular, includ~ng alt and singular the income, profits, issues and revenues from whateve~ wurce derived, each and every of wh~ch, it being expressly understood, is hcreby mwtgaged as if spec~fically xt forth ~nd dewibed in the granting and hakxndum cl+uses F+ereof, and such Receiver shall have all the b?oad and effective funcnons and powers in anywise entrusted by a Court to a Rtteiver, and such ~ppointment shall be made by such Court as an admitred eqvity and a matter of absolute right to said MORTGAGEE, and without reference to the adequxy w inadeqwcy of the value of the property mortgaged w to the so~vency or insolventy of said MORTGAGOR w the defendants, and ~hat such rents, profits, income, issues and revenues shall be applied by such Receiver accordinq to the lien or equity of taid MORTGAGEE and the practice of such Coutt. 8. To dvly, promptly and futly perfwm, d~schs?ge, e:ecute, effect, complete, comply with ~nd ab~de by each and every the stipulations, agreements, i conditans and covenanrs in sa~d promissory note and th~s mortgsge set fwth. , 9. That in the event the ownership of the mortgaged premises, a any psrt thereof, becomes vested in a person other than the MORTGAGOit, the MORTGAGEE, its successors and ssslgns, may, wi~hout notice to the MORTGAOR, deal with such succeuw or successor in interest with reference to this mortga9e and the debt hereby secured in the same manner as with Mortgagw without in any way vitiatirg p diuharging the Mwt9agori liability hert unde? or upon tFx debt hereby secured. No sale of fhe Fremises hereby mortgaged and no forbearance on the part of the MORTGAGEE w its succesw?s w assgns and no extens~on of the time fw the payment of the debt hmeby secured given by the MORTGAGEE or its successon o? auigns, shatl operate ro release, d~uharge, mod~fy change w affect the original IiabiGty of the MORTGAGOR hercin, e~ther in whole w in p~rt. 10. It is spec~ficalfy agreed that time is of the cssence of th~s contract and that no waiver of any obligatron hereunde? w of the obligation sr a,red hereby shall at any time thereafter be held to be a waiver of the terms hereof w of the instrumeM secured herby. . In add~tion to the iorego:ng monthly payments of princ'ppl and interest required by the prom~ssory note secur , tgagor covenants and sgrees to ortgagee with each monthty payment an add~rional sum est~mared by mortgagee t ~ 2 of the annual cost of the follow- , ingc A-AII real property ts:s levied w assess ' t th exribed real estate. B-Prem~ums on fire and windstorm insura erein req ~ ca.ried on the improvements situate on the above described (xemises. C-Prem~ums on such mutg anty insurarKe as mortgagee shall from time deem fit to carry on the ban secured hereby. ~ AAwtg~gee shatl f to t~me not~fy mortgagor in wr~ting of the amou~t due and pay r and such sum shall thereupon be due and I' payabls on th ate of the next monthly payme~t and each successive momh thereafter urtil mortgagee sha in sucF. 4 amount. sums shall be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance ~ p~e ~ ms. ~ IN WITN HEREO , the sa: MORTGAGOR hss Ixreunto ut his hand and seal the day and year first afaesaid. ~ Sipmd, • esence of: ~ ~ ~ c~ , ~ 4 cse.n ~ ' ~ f ~ cs~•n ~ ~ • (Sea4 ~ SiATE OF FIORIDA ) ~ ' ~ } SS. . ' COUNTY OF ~ t. (.uc i e i . . defw~ rr~ p~nonally appeared Earl Kinc~ ~ - c; ~~nd Vada Kin~ his wi(c, to me well known •nd kpo~wn to m~to b~ tM individuals described in ~nd who executed the foreyoiny instrumeM, and xknowledged befwe me that tFxy executed _thr isrr~ rw tAe r+rpoies x therein ~xpressed. And tlie sa~d VaCld K171(~ ~ ~ - ~ ~ - - ~ - ~ w~/~ of tM uid Ear 1 Kinca uFon t,lSpstata uid priw~ ~ ea~m~nation by m~ taken ~eparite and apa~t irom her sa~d hvsband, ~cknowledged to •nd beFore mt that she executed said irutrun~~Af~fr~al~.~wd .vol~rn-: ~ ruJly ~~d wnhovf ~ny compuliwn, cons~rs+nt, app.ehens~or~, or feu of w from her said husband. ~ WITNESS my Mnd •nd off~c~~l ~eai thi~_ 1~~~ ~ d~y of ~sarch A p, 19.~i~ F p~i ¦ L/! ~ Notary PubIK in •nd ior tlx Sute oi Fbnda af l~ry~ ~ My Comm,ssion •apirei: IO 7i R~turn To: ~ F~? F~r~1 5~~~~~ a toan Assocut.on MoiAt~ MIiUC. iiAit ui FLpW~I AT ~ w.t K of FILEO AND RECORDEOM~ CoMMissioM Dc~irtES oCT. 11, 19~i ' Fort D~e~ce flor.da '~~~D TM110U4N /t[O 1M. D~tN~LwO~IT ~ ST. LU CI E ~ ~U!~TY. FLA. ~ t - - -,r.~., ~ };s instrument prepa~ed by ~ j., ~ ~ S.Z ;~'D eral ~av. & toan Ass~. , ~ F~rst E~~ ~ -cce _ - ~ '68 ~ ~ S ~ I I : 1 ~ ~ ~f ~ ~ ~y. ~ ' .f : L~ ~r::.~ ~ CI.~RK CIr~CUIT COURT u. pt 1 fU BD; ~ 1t,~ ~ ~ . ~ ~ Y - - - - ~ ry .