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HomeMy WebLinkAbout2311.~ ~ i .. { ~. To place and contirnrously keep on tM buildings now a Mreafier situab on said lend and on all equipment and personally covered by this mort~ tr~ anoe inl the usual standard apolicY forlm, fin a sumrw+pproved buy tMt MORTGAGEE, if n~iuch • sc n~pa-Y~o~co nyparoesMORTGMGE~Rn~~ndu~Y dinctt and all fire and w'wdsrorm insurance policies an any of said buildings, any interest tMrein or parr thereof, in tM aggregate sum aforesaid a M excess thsnof, sMll contain tM uswl standard mortgagee clause or auch other clause as tM Mortgagee may require, making IM loss undo aid pdF ties, lath and every, payable ro aW MORTGAGEE as ib interest may appear, and each and awry such Policy sMll be prorrq-tly au:gnsd and delivered to any Mid by said MORTGAGEE as further security to said mortgage debt, and, not less than ten (10) dari in advance of tM expiration of each policy, ro de• liver ro saW MORTGAGEE a renewal thereof, together wish a receipt for tM premium of such renewal; and theca shall be no fire or windstorm inwrar-ce . plaoad on any of said buiWirgs, any interest therein a part thereof, unku in tM form and with tM Ives payable as aforesaidt and in tM event any sum of Haney becomes payable under such policy a policies said MORTGAGEE shall haw tM option ro receive and apply tM same on atxount of tM indsbted• Hess seurred hereby or to permit said MORTGAGORS ro receive and use it tx any part thereof for other purposes, without ttiereb~ waiving or impair irg any equity, lien or right under or by victor of this mortgage; and in tlw event said MORTGAGORS shall for any reason fail ro ktep tM s+~id premises so inwrod, or faU to deliver promptly any of said policies of insurance to aid MORTGAGEE, or fail promp:!T ro pay fully any premium therefor or Tn any respect fail ro perform, discharge, execute, effect, txtrnplete, comply with and abide by this covenant, or any part hereof, aid MORTGAGEE may place and pay fa such Irourance or any part tMraof without walvirg or affactirq any option, lien, equity, or right under or by victor of this Mortgage. and tM full amount of each and awry such payment sl-all be immediately dw and payable and shall beu lntsrest from tM date thereof until paid at tM rant of nine per centum per annum and together with such interest shall be secured by tM lien of this mortgage. 1. To permit, aommif or wffer no waste, knpalrment or deteriorstan of aid property or any part thereof. S. To pay all and singular tM costs, charges and expenses, inducting a reasonable attansy's fee and vests of sbstrscb of title, incu-red or paid at any time by aid MORTGAGEE, beuvss a in 1M event of 1M failwe on 1M part of tM said MORTGAGOR to duly, promptly and fully perform, dischargek execute, effect, complete, comply with tnd abide by each and every tM stipulatans, agreements, conditions, and covenants of aid promissory note and this mortgage any or either, and aid costs, ch+rges and expenses, each and every, sl+al! be irtunediately dw and payable; whether or not there be notiu de• mend, attempt to collect or wit periling; and tM full amount of each and .every such payment shall beer. interest from tM date thereof until paid at tM rate of nine per centum per annum; and all aid costs, dwges and expenses inwrred a paid, together with such interest, shall bs secured by tM lien of this mortgage. 6. That (a) in tM evtrN of any breach of this Mortgage a default on the part of tM MORTGAGOR, or (b) in tM event any of aid sums of money herein referred to be not promptly and fully paid writhin thirty (30) days next after tM same avera!!y become due and payable, without demand or notice, or (O in the event each and every tM stipuktions, agreements, conditions and covenants of aid promissory note and this mortgage any or either are not iuly, promptly and fully performed, discharged, executed, effected, completed, complied with and abided by, then in either or any such went 1M aid ag• gregate sum mentioned in aid promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall betorna due and pay able forthwith, or thereafter, at tM option of aid MORTGAGEE, as fully and completely as if all of the aid sums of money were or'g'u-ally stipukted to be paid on such day, anything in said promissory note or in this Mortgage to tM contrary notwithstanding; and thereupon or thereafter at tM option of said MORTGAGEE, without notice or demand, wit at law or in gusty, therefore or thereafter begun, may be prosecuted as if all moneys secured Mreby had nnatwed prar ro its institution. 7. That in the`' vent that at tM beginning of or at any time pe~ng any wit upon this Mortgage, or ro foredase it, or to reform it, o- to enforce payment of any dair~hereunder, aid MORTGAGEE shall apply to tM Court having jwisdiction thereof for tM appointment of a Receiver, such Court sMll forthwith appoint a recover of aid mortgaged property all and singular, including all and singular tM income, profits, issues and revenues from whaHwr source derived, each and every of which, it being expreuly understood, is hereby mortgaged as if specifically set forth and described in tM granting and habendum clauses hereof, and such Receiver shall haw all the broad and effective functions and powers in anywise entrusted by a Court to a Receiver, and such appointment shall be made by such Court ss an admi»ed equity and a matter of absolute right to aid MORTGAGEE, and without referenxe ro the adequacy or inadequacy of the valor of tM property mortgaged or to tM solvency or insolvency of aid MORTGAGOR or the defendants, and that such rents, profits, income, issues and revenues shall be applied by such Receiver according to tM 1'ier- or equity of aid MORTGAGEE and tM practice of such Court. . 8. To duly, promptly and fully perform, dschargs, execute, effect, complete, comply with and abide by each and wary tM stipuktto% agreements, conditions and covenants in aid promissory note and this mortgage at forth. 9. That in the event tM ownership of tM mortgaged premises, a any part thereof, becomes vested in a person other than tM MORTGAGOR, tM MORTGAGEE, its succeuors and auigns, may, without notice to the MORTGAOR, deal with such successor or successor in interest with reference to this mortgage and tM debt hereby secured fn the same manner as with Mortgagor without in any way vitiating or discharging tM Mortgagors' liability here- under orupon the debt hereby secured. No ale of tM premises hereby mortgaged and rto forbearance on the part of the MORTGAGEE or its waessors or auigns and no extension of the tune for the payment of tM debt hereby secured given by the MORTGAGEE or its successors or auigro, shall operate to release, discharge, modify change or affect tM original liability of tM MORTGAGOR herein, either in whole or in part. ' 10. It is specifically agreed that time is of tM essence of this contract and that no waiver of any obligation Mreunder or of tM obligation se- cured Mreby shall at any time thereafter be Mid to be a waiver of the terms hereof a of the instrument secured herby. 11. In addition to the foregoing monthly payments of principal and interest required by the promissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an additional sum estimated by mortgagee ro be equal to 1/12 of the annual cost of tM folbw- in9: .. A-All real property taxes levied or assessed against the above described real estate. B-Premiums on fire and windstorm insurance as herein required to be carried on the improvements situate on the above described premises. C-Premiums on such mortgage gwranry insurance as mortgagee shall from time to time deem fit to carry on the loan secured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and- -~ payable on the due date of the next monthly payment and each succeuive month thereafter until mortgagee shall notify nartgsgor of a change in such amount. Such sums shall be applied by mortgagee toward tM payment of real property taxes, insurance premiums, and mortgage guaranty inwrance premiums. IN WITNESS WHEREOF, the aid MORTGAGOR has hereunto set his hand and seal the day and ytu first aforesaid. Signed, Sealed and delivered in fl.e presence of: 1~ TE OF FLORIDA 1 ST. WCIB i} SS' couNrr of n n flefore me personally appeared Alfred La Kelly and Mlldr@d W. xelly his wife, ro me well known and known ro me ro be the individwb described in and who executed tM foregoing instrument, and aclinowl~edged before me that they executed tM same for tM purposes therein expressed. Ana ttte sai~ Mildred La y Alfred L. Kell wife of tM aid y upon a wpe~f»et and private examinatan by me taken separate and apaH from her aid husband, acknowledged ro and before me that she executed aid instrurnsrtt fri~lY; Kd=:~rolwa tarily and without any compulsion, constraint, apprehension~or feu of or from her aid husband. `~~~:~~"'~~ "r'v ;; ~'~ WITNESS my Mnd and official real the ~ ~ day of ~ teaber .~ %1:'{D„ (~ ~.: Imo` ,/ ~~1, _/ Oi.aLlN ~1~ ~.\ ..'. ,`~ ~. Notary Public in and for tM State rtf.€lerfd~.~t L~.U %-1-- My Commiuion expires: /, -~.„~j~ /~ ~ . '',;' `~ Return To: ANO RECOR©fr0'. ,_ - - o f `Jr~ First Federal Savings b Loan Association g~I.EU , n ':{_., ~ .C R.CVERTY. FLA. ,_ ; ~~,: of FoH Pierce. ST'RE C r IF1ED •." :~~,r: Fort Pierce, Florida - ~ `! ~ ' ~. SEP ~ AM ~~• 2 ~ i2- 3-7/ This Instrument Pre red B J. D. Chastain69 Pa Y First Federal Savings b loan Association ' oaf QFort Pierce ~ .Florida ROGER p01TRAS , Checked ey T ^ CLERK CIRCUIT COURT. 600K~~ P116~~~ ~' ~~