HomeMy WebLinkAbout1260 -
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ro pl~c. u,a oontirwowy t..p on tN. bulWkq~~+oM? « hu..fti. utwh ~,..a ~a+d «~d on d~ +auipm~m W+d wnon+~N cownd br +his n+orq~
ap~o, wt~h ~Q pr~miwm tMr~a+ paid M ful4 fln M+wranc~ In th~ uwal staedard pollc~r fona. in ~ wm ~pprowd by th~ MORTGAGEE. ~+d win~ton~
tn~wsoa h~ tM uwal sund+rd polic~r foreq, In ~ w~a ~pprowd by tM MORtGl1GEE. h wd~ campiny o~ oanpania w tM lYk3itTGAf3EE nwy
dk~ctt ~nd ~II fin ~e+d wi~to~m Gaur~na Pdtcta on any of s~id buildinp~, any tnNnst tlw~rNn o? put thKwf, in th~ pp.p~~~ wm afa~W a
b~xau tMr~of, tMll ooM~in th~ wwl ata+d+rd mohp+pN cla~ a wch al~ daus~ a tM MaW+W~ ro+s +pu~n. m+kinp th~ lost w~d~r said po1F
ciw .ach and .v..y. wr•bl. a aW MORTGAGEE a i~ tn~.na m.y ~PP~a.. «x! .•d? and .wry wch potieY :hall b~ prompny .s~:pn.d and cMliv.nd ~o
.nr h.ld by wW MORtGI?GEE a fwrhe. ua?.iry ro uid mo.ty~y. d~M. aod. na las tMn t.n (10) d.y: !n ~d:cna of tM .xptr,~lon of .xh Po1M?. w dt
liw~ ro wid MORTGAGEE • rw~w~l tlwnof, top~~1?M with a naipt fa tM prwniwn of wd~ r~walJ and tF~n sh+~l b~ no fin w winditwm M+wrMq
plaad on ~ryr of wid bviidinp~, any int~ntt M~ntn or part theriof, w~le~ In th~ fam ~nd with tM bu oay~bl~ a ~fons+id~ ~nd fn tM ~wnt any twn
of mo~y baanw p~yabN u~~ such polky w polki~s wW JIAORTGAGEE ahall Mw tM optan ro~eiw ~r?d ~pply tM s~ oe +aaint of tM ind~bt~d~
na~ s~cvnd Mnby a a p~rmit taid MORTGAGORS to naiw ~nd u~ N or ~ny p~rt tMrwf fa otha~ pwposei, without tiareby waivin~ w Nnpiir
~Y +~Y ~4~+fi~. li~n a aipht wida w by +rlrtw of tN~ nwrtpa~et and tn tlw ~wnt utd MOR1CsAGOR3 ~hstl fa ~ny nawn f~{I ~o k~ep tM wid pren+i~es a
k~wnd. a fNl to d~liwr P~~h ~+Y of said politi~t of Imvrana to said MORTGAGEE. a bil prwnptty to p~y ivlly ~ny pnn?iwn tMnfw a in any
~p~ct f~il b pwkrn~ disclwp~, execun, rff~cf. oompl~N. oon+p~Y wFth aad abhl~ by ~this to+?enan~, a any p~~t hawf, wfd INOR?GAGEE may plaa ~nd
p~Y fa wd~ Mrurano~ a aMr put tl~~of withart w~lvirp or ~ff~etinp anY aM~n. ~Irn. ~wiry, w rtqht ~ a by vlrtw of thh Mw~pap~. and tM
full +nwuM of ~+d~ and w~ry wch paynNnt ~haU b~ iarMdUt~ly dw and p~y~bl~ uid s!»tt b~a~ tnt~rest l+~wn tM dat~ tht»of uMU paid ~t th~ n» d
+sr» pa antue~ p~r arww:m ind topetAer with wd~ IntKeat sh~lt b~ s~tvr~d by th~ li~n of thb mottpp~.
1. To p~rmN. ~h or wffK eo wsst~ impakmMt a d~lKior~tion of wid prop~ty ar any part tMr~of.
5. To pay all ant! sinpular tFw co~ta, ch~rp~a and ~xpaw~, Fndudirg i na~w?abb ~ttorn~y's fs~ ~nd aosri of abs~racts of titl~, kKwr~d a paid q
aiy tin~ by said MORTGAGEE, b~ca~rs~ a tn th~ ~wnt of th~ faihx~ on tM put of the said MORTGAGOR p dvly. pron,ptly ~nd fullY p~rfonn, discM~
~x~cvt~ ~ff~d, canpl~t~, eomply with uid abid~ by ~ach and ~wry tM stipul~tio% sp~eemeets, conditiwa. ~nd cown~ntt of s~id promissory rah and tFw
ino?t~p~ +n~r a ei~Au, and wid ooan. dwrpes ~nd ~xpaa~s. esch and ~wry. shall b~ irnmediatey dw ae~i payabl~s wMtl»? or not rMn ratia d?
mN~d. ~tNmpt to aoUxt or wit p~ndrgJ and tM fvll ~mou~t of Ncb and rv~ry tuch paymtm shall b~a~ intentt from th~ dst~ tFw~of vntil piid d the
r~te of nin~ pK cMtum pa ~nrwm; and ~II saW oosts, ch~r~s and exp~nses i+w~t~d ar paid, topttMt with wd~ intentt, ahall b~ wcw~d by th~ IiN? of tho
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6, it,.r W in th. w.nt of any br.sch ot rhia Mo.ryay~ a d~fwl: on th. part of H» ~?1oaTGaGAR, or (b) tn tM .veM .nr of taid wms oF mo+»y
Mtiin nfined w b~ not pranpty and fuly p~id within thuty Cd0) days n~xt afta th~ same s~vewlly becavw du~ u~d WY+W~. wltho~rt danwnd a notio~
or (c~ In N~e we~+t esch and ~very tM stipvl~tiont„ p.~em~n», oond;tions and wvernnq of sawl promistory nots and this maepape any or ~irh~r an nol
~+M. W~P~Y and ivlh P~rfonMd. ~Ch+?pad ~x~cut~d. ~fhctad, aoenpl~ted. ~anpli~d with ~nd abided by, tF~ in ~itMr w ~ny sud+ ~wnt tM wid
p?p~t~ wm mention~d in s+id promissay nob Men rortWini^p unP+id. with intenst acvued, ad sll monep secured Mreby. shatt b~co~x dw ancf WY~
sW~ forN+nrith. w tMreafhr. ~t tM optioo of said M~tTGAGEE. as firlly snd compl~tey as if ~II of the said _ uxns of maNy wer~ wipin~lly st~pul~ted
to b~ P+id an a+d~ d+y. anyN+inp in s~id p~omiswry ~e or In tF~is Mo~sye ro ths conhary notwithstarainpj snd therwpon w thereiher ~f tM option of
wid MORTGAGE~. withoet notia w danand. wit at law w in ~qoif~r, thenFon a theteafter beyvn. may be prosscut~d ~s !f al! rnp~ys wcvr~d FNraby
had maiw~d ptiar to its inatih?tian.
7. Th~t in th~ want tMt ~t tM beginninp of w ~t any tim~ p~ndirg any wit upon this Mwtppe, w to foreclos~ it, or to rofom? N. or to ~niwa
psyment of a+y diwns her~uedar. said MWtTGAGEE shall ~ppfy ro ttk Coun havinq jwadiction thereof for )he ~ppointmee~t of a Rauivsr, wd~ Cowt iMll
fwthwith sppoint a r~oeiwr of iaid mwty~yed propKty ~II and siigular. ind~rr~ sll and singutar tl+~ income. profiti; issws aeK! rewnu~a f~om whattwr
w~?ae dsrived, exh ~nd ~very of which, it beinp ~xpressly w~d~rstood. b hereby mortysgcd ~s if apecificsty wt forth and dewibed in tM ~?~nY and
h~bendwn ctwsti hereof, and wd~ Reaiwr shall Iww d! t?+~ boad and effsetiw functiom and powera in anywise entrusted by a Covrt ro a Recehn~, and
wch ~ppointme~t shall be m~ by wch Cowt ~s sn admitted equity ~nd a enin~r of absolute ri~ht fo wid AM1ORTGACaEE, and without nferenp b tM
adeqvac~r a in~d~quscy of th~ v~lw d the propKty mo.tq~qed or to the sohroncy w insohrency of wid i~RiGIIGOR a tF~e defendants, and thst wch
rents. Profi», k~ome, jssu~s ~nd revanws sMll b~ applied by wd~ R~oeiver aooordinp to tM lien or puity of said MORTGAGEE ~nd the pactia of wch
CaKf. _
S. To duly, promptly ~nd fulh~ P~rform. ~~ye• execvte, effec?, aar~plete, oomPtY with and abid~ by sach u~d ~wry tM sti lations,
aondit'arn and ooven~nts ~ said paomisso+y note and this mortp~ set forth. p~t~•
9 Th~t !n tM event ths ownership of tM nwnyay~d P?en^iies. c? +^Y Pan theraof, beoomes vested in a prwn oth~r Nun tM MOR7GAG0lt, th~
MORiG/?GEE. i» successo~s +ed +ssigro. m~y, witlaut noYKe to ths MORTG/WR, dsaf with such svcceswr w wccessor i~ interest with r~fereno~ b thts
mony~y~ and ths debt hereby sscv«d in the same rnarner as w;th Mortpapw without in aey wsy viYmtiny w d'nchuy'ug the Mort~sgws' (isbility h~r
under a upon the debt hereby secured. No s~k of ths premises bereby mo.t9ayed ~nd no fosbearsnoe on th~ put of ~FN MORTGAGEE or tn waessas
a assigns u~d no extensiw~ of the taee for the paymeet of ths deb~ i,ereby secwad yiveo by t!a JNORTGAGEE a it~ svassson a assig~s, shall opaa»
ro r~?eass. ~ischsrye, modify ch~rge w affect ths wipinal li~biliry of the MORiGAGOR here'~n, ~ith~r i~ wlwl~ or in put.
10. It is specificatly apreed th~t tina is of the essencs of this oomract and tMt no w~iver of any obliqation hereunde? or of th~ obliyatwn tt
wred h~reby shall at any tirM there~fter b~ held to be a wsiver of the terms heraof w of the imt?~rnam seuered harby.
li~~,. add~tion to ti~e fotego:ng mo~thty psyments of u~c: 1~nd interost r by promisswy note secv~ed hereby, mort
ind ees
to _ M P+ equired the
spr paY monthlY paymer?t an sdd~tionsl wm estimated by mortysgee to be equal to coat of the follow-
~9~
A=AII real property taxes kvied or assessed against the sbove e,
B-Premiums on fire and windstorm irauranoe u herein r ' carried on t ~ ts iduate on the above desulbed pre~q~q .
G-Premiums on such mortgaye 9wrsn ss mortg~gee ~II from Yune to time deem fit to car ~lo,~~n secured her ,
Mortgsgee sh~ll from time notify mort9agor i~ writinp of the amount due and p~y~bk herew~der and wch wm-'1}~1 ~•.1 l`.
p~yable on the due next monthly payment ~nd each wocessive maMh thareafter vntil matgayee shall notify mo?tgag~r' -
amount. shall be applied by mwt9agee towsrd the payment of real property taxes, inswa~ce prem° and mwt~ yuarai~tq . .
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IN WiTNE55 WHEREOF, the said MORTGAGOR lus he~eunro 1he day ~nd t aforesaid. ~
sipe.d, s~,lsa ana de~tw. in +t» pres.no. of:FILED A(~~~~~'~ pS7 _ ~OI~ANY. ~
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U C I E C OUNTY. FLd: By _ :
~ECOi~t% VERlFI .D 11 al , e -
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t STATE OF FLORIDA F? Po~TRaS
~ C~ER~~°~u4f ~t~vaa~
I HEREBY CERTlFY, That on this - ~a of ~r~ 3
y . A.D. 19 69 ,
before me personatly appeared - Kellv Hall
x~lp~i~c President ~¦it ~ of
Kelly Oonstzuction Companv ~ ~
, s Florida Cor~oration, to me
known to be the peraonj desuibed in and who executed the foregoir~ instrument, and s~wca~~ acknowtedged the exe- ~
cution thereof to be free act and deed as such offioer~ for tfie uses and pursoses the~ein mentioned; and that ~
affixed fhereio ihe official seal of said corporotion, tlya seid"?instrument is the ad and deed of said corporation,
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WITNESS my hand and official seal at Fort Pie~ce •~•~•"•c~~i~,~• ;
~ i said county and state.
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ti';is 'i
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;.a;j~.~ ~bt K, in for State and County aforesaid.
This Instrument Propared By ;:3,~~ N Ai~y f~ssjon pires: L~ /9
First Federal Savinga d~ Loan Association ~ J~ • Notsry Pob~c. State oi floridi st Lary~
• of Fort Pieroe ~ . ~ :'4 ~
'4 O ~r''Q - . . flAy Co~ission .Expires 6. 1471
`1.,~ 'C
Chedced By John W. Coll ins ',~'i~,~O
p~S~~t~: ta~ a~wiwtiasa~ir sw
600K~ /s PACE~259
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