HomeMy WebLinkAbout2926 3. To p:ace and continuously keep on tl,e bv~'d,~,~s now or hereafter a~t~ate on sa~d land a..d on aC .,q .~~,••~•m ar,d p•~rso.,,,!'; ~.~.,-r~~i by ~his mor~q-
ege. W~th all pre:n~u »3 thereon F.a d~n iull, Lre insuier~re m ~he us~~31 St,~~~derd Np'~C~ lorm. in d sum .s~ pepvrd by ihe K.~.:.~.E t. vwndstc~im
~nwrance in the usual arandard pol,cy iorm, in a svm afp~o.eJ by thc htJRTGAGEE, in such co~nNa~~y u~ co•~~~~an es .u ~~~r r;.~TkT~AGEE may
dneCt; and all lire and w~ndstoim iniurante polit~rs on any of s.ud b~i!d,nyS, any inlerr~l thcrein or {~arl 1h~-rru}. in Ih~ .~gg~. g~ri• s:~.n aforesaid ot
in excess thereo}, shall contain tne ususl sta~dard mortgagee c!ausr o~ wd~ o~her clouie as the 1.1o~tyagee n~ay ~ryu•re. n~~A~ng ~hr :c;s s.~~d po~~-
c~es. each and every, payab'e to said ~~t~~RiGAGEE as ~~s inter~~ar mdy d~~pear, and each and e~'ery 3~~ch 4::~:~cr il~aR be ~:r~.+~~n~y .~ssg~~r~l d d,r,~.cr._d ro
any held by sa~d ~'10EtGAGEF as (~rrher sec~~ity to said ~>>urtga~e deb~. ard, not less than ten ti01 d~ys i, ad.a~u~• of ihe e,;~~r,,~~on of •~.+ch ~;o:~cy, to da~
Lve~ to said A10RTGAGEE a reneaal thereof, together with a rece~pt for th~ prrm~um of wch renewal; a~~d there sh.+;l i:~~ no f.re ~.r .1:"dst:;~~n ira~rance
plated on any of sa~d b~ifdings, any i~tcrest ihere~n or parr tt~ereo(, unlrss in the fonn and ~vi~h the loss payab!e os .lf~~rGSd~d; anJ in thr e~vnt any s~m
pf money betome3 payable ~nder SuCh poliCy Or poLues said ~~10RfGAGEE sfiall have the opt;On to rrc•_~~'r ..nd ap~~ ~ tt:~~ sn ne on ,~~cou.~t of Ihe n~J~•tn~d-
neu sewred hercby or to pcr~n'd sa~d MORTGAGORS to rece~ve and use it or a:,y F~o,t th.::rof to: o:~~• r;.u~; f,•
~ng any equ~ty, Gen or r~ght under a by virtue of this mortgage; and in the evcnt sad A10RTGAGORS shiil tor any rc.~son iail to kecp the sa~d p~e~nls.~s so
:nsur~d, or fail to f~rlrvCr prO~nptly any Of S~id pOl~Cies Ot inlura~uB t0 Sa~d M~RTGAGEE, Or for: proin{`tlY 10 F~ay fu.!y a~iy ~~'e •i„~~n th:a.~foi Dr in ,f•~y
res~ect fail to periorm, ducharge, exei~te, efled, complete, co~nply wirh and ab~de by ~h~s cove~~e~~t, or any p.~~~ h,:reof, s.~~r1 h1uRi,~.~.G'.E !~IJy 4~~ace a o
pa~ for auch insurance or any part thereof w~thoul waiving or affeui~g any opnun, lien, eqv:ry, or r~c~hi u~~Jer or by vut~e oi ~h~s Alortyaye, and thc
f~il amo~ni oi each and e.ery such paymem shall be immediately due and payaWe a~zd shail b~~ar ~ntcr~ s~ from thu J•,~~ ihe«ef u~~rd p.,~d at the r.,fe ot
~~~•e pe~ tentum per dnnum and !o~ether v~i1h such inter~sl shaN bp secured by the Len of thii mOrigege.
To permit, commit or suffer no waste, impairment d deterioration of said properly or any part Ihereof.
5. To pay all and sing~lar the costs, cF.arges and eape~ses, ~ncluding a reasonable atromey's iee a~~d cosrs of .,!.st.nc~s t~t~e. ~~~:~~~ed or ~~~~d ar
.ny tirne by sa~d MORTGAG:E, because or ~n the event of the fa:iure on the part of ihe said h1pRTGaGOR to duly, p~a~~F•tiy a~:d fv.iy ~_~•nor~~, d~s.}~~~ye
execute, elfect, comp?ere, comply w:~h and ab de by each and every the supuia~,ons, agrrements, conJmons, and cove~~a~,rs o~ s.:~d i~ro ~~:>sury nofe a•.d ih~s
`~.origa.~e dny Or e~thCr, ant~ Sa'd tosts, Chd~ges and expenSCa, each and every, shall be immcd~a~ely d~e and paya6!c; wh~:rher o~ ni~f +here L'r ~~et•ce d_~
r.,and, attempt to coiiect or svit pend,ng; and the full arnouN of each and ever~• :vch payment sbell bea~ ~nt.~irs~ iro~n the dare thc~e•of ~nti~ pa~J at tt,e
r,:rr ui ~~:ne }~er crntum pc~ ann;, n; ai~d aN said costs, cha~ges and a K::~a~+srs ine~rred or paid, toyeth~r w~th wch ~ntereit, shell br stcuied bY ~fie ~~~n of th~s
morigage.
6. Tha1 (a) in the event of any breach of th~s Mortgage or defauit o~ the part of the MORTGt1GOk, or ;b) in the event any o1 sa d sv•.~s of money
here~n referred to be ROt (~~C~`~~tiy and fully pa~d with~n th~.ty t30; days ne~t a~t•-. tt+e s~~»e se.era'.ty ~eco~ne d~e and pars~!e, w~~«uui dc•+~a~~d or ncr~cc•.
cr in the e.ent rach and every the stipu:ations, agreements. condr.~ons and covenants o4 sa d pro•rJSSOry n::t_ nnd th s n,orrg~ye any or c~ther a~e not
i.,;y, promptiy and ful;y performed, d:scharged, exec~ted, effeaed. co,»pleted, compi,ed w~th and ak~ drd 5y, then in e:ther or eny s~ch avent the sa.d eg
,rc~a!e su'n menhoned m>~id proni~ssory note then remaining ~npaid, w~th intere~t acc~~ed, o~~d ell mon~ys Seturtd firreby, shali b:c.~~:~e d,,e and pa~-
a^ c forthwith. or therea(ter, at the op!~on of said hiORTGAGEE, as fuily arxl con~plete~y as ii a:i of the said su~ns of n.ui~ey :+e~e o~,y:na,iy st pu;atrd
a oe p~.d on such dcy, anything in sa d prom:ssory note or in this Mortgage ~o the comrary ~or,v~thsta~~d;•~g: and ihrrcuF,on or ti:rreefrer ai the o~>~,on of
s~.d MOQIGAGEE, ~~~thcut not~ce or demand, suit at law or in eq~iry, the~efore or thercaiter begun, may 6r prosecutcd as ~i a!1 moneya secvred hereby
n,d matured pr:or to ns ~nsi~auhon.
7. That in thr e~ent that at the beginning of or at ar.y time pend~ng any su~t upon th~s Mortgage, or to ioreclose it, or to reform it, or to enforce
~~ymnM ot any ua~~~s he~eunder, said 1.10RTGAGEE shal~ apply to the Cour~ hav~ng ~u~nd.ct.on th_~reot for the ap,,o~nhnent of a Re.e~ver, wch Court sha~l
rcrth.r~th appo~nt a rece~ve~ of said mortgagrd prooerty all and singu;ar, inuud ng atl a~~d s~~~y~~ar t!:e ince~ne, p~of~ts, ~iwes ar~+ rev~r~~es fro~n v~h.,tever
s:-,;•ce der~ved. each and every of wh ch, rt be~ng express y unders~oyd. ~s herruy me~fgaged as if spec~l+caily set fouh and descnb_d In ihe g~anring a~~d
h;hendum da~~ses her~of, and s~ch Recei.e~ shaU have a~l fhe br~od and effecrive funcr.o~:s and po,ners ~n anya•~se ent~usted by a Cou~t to a R~a:wcr, a,d
s_:h appomtme~t shsU Ce rt;ade by such Couit as an adn~tred eGu~ty and a matter of ahsol~te r.gM to sa~d A10RTGAGEE, and n.rl,~c~ re(e~~~r.ce to the
r.:+,q~~cy or inadrpuacy o{ the va~ue of the property mo.tgaged or to the su!vency or ~n<.c'.ency of sa~d h10RiGAGGR er the d_+c~~dents, a~~d th>t such
~~~+s, proi~ts, inco~ne. ~asues and re~enuea sha~i be appiied by wch Recr~ver acwrd~ng to the lien or equ.t~ oF safd tdJRSGACafE a~:d the praU~ce of s~ch
Court. ' '
8. To du'y, promptly and ful~y perform, d~scharge, execute, eifect, ccmplete, comply w~th and abide by each and every the stipu~ations, agreemen!s,
:ondit~ons a~d tovenants ~n sa~d promisso~y note and th~s mortgage set iorth.
9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a perso~ other tha~ the MORTG~GOR, the
:'CRiGAGEE, rts successors a~~d ass~gns, may, withovt notice to the A'IORTGAOR, dea: wrth wch successor or successor ~n ~nter~st wnh reference to this
~•~gage and the debt hereby sec~red in the same mar.ner as w~th h5er!gagor w~+hout in any way vit•ating or d~scha~y~ng the 61or!y,gors' liab~i~t~ he~e-
^^der cr upon rhe t~ebt herebV secu~ed. t~'o sa!e of +he Fre~n~ses hereby mortgaged and no forbeara~ce on the parf of ~i,e ~:~JRii,i,`vEE or i!s succ~•ssors
ass~o~s and no exfers:on of the t~me for the payment of ~he debt h~reby secvred g~ven by the MCRIGAGEE or ~ts successors or ass:gns, a~~a!I operote
ro re~ease, d~scharge, modify change or affect the orig~nal liau.i~ty of ihe MGRTGAGOR herein, either in whole or in part.
10. It is sperf~caPy agreed rha~ t~me is of the essence of this contrac~ and that no waiver of any ob~ ga~~on hereunder or of the o~'igation se-
c r~~d hereby shal~ at any tin,e thereafter be held to be a wol,~er of the terms herecf or of the instrurnent secured herby.
11. ln ~:id •.c~ •o t'^.^ feregc ,..~enth!V paymems of pr~nc pa! and interrs~ requ~~ed by the pro~n scry ne~c s•_.~~•ad h~~r~~b~. ~norrg;_7or covenanis
~ agr_es to rdy re cr!c~g•~e ~a~'h each rronrh y pay~ ent ar. ad:i •~onal sum ~•s' ^ arrd b~ mertg~gee to be eG.:a tu 1 12 of o:« +.;ei cost of t6~: foiiovv-
A-;a'; r~a! ;:rop~•ry taxes Ir~~ed o+ ass^ss=d ag~i•}st the acove desc~i~cd :•_al esfate.
B-Fr;~ .,•s cn fre a~d ::;~~dsro•~.: insurz~~e as here~n rcqu:red to be ca~r~~ d c~, the ~m; roveme~ts s~tvate on th~ above d_sc~~6ed p-«m~ses.
C-Pre•^ - s o•~ s_ch ~ort~;qe gua~anty inwra~.ce as mo•tgagee sha~l frc•^ t me to !ime dc,em fit to car•y on ihe loan secured hereby.
Mortgaaec s^_ '`rcm r~•ne to t:•r:e no~ify mortgagor writmg of the amovnt d~e and payabte here~ndrr and svch s~ shai~ there~pon be d~e and
.-.a51e on fi,e ci~e da~e ;f ~h~ ~ ~„t mo~th:~ paym~nt and e3ch wccess~ve n,onth thereaftrr ~rnii mertgsgee shail nor~fy mort;~agor of a change in svch
_~u~t. Such s:~ ^s s., be a;,p ied by mwtgagee ~oward the payment of reat property taxes, ~nw~a:xe pren•„ums, and mortyagc g~araMi insura~:ce
. _ r,~~m.5-
~ IN ~'~ITNE~~ ':•.HER:OF rne sa~d ~l~ORTGAGOR has here~^~o set h~s ha~~,d and seai the day~and year first aforesaid.
; Sign~d, Seaf d ~ eIi• r in the presence of: \
~ _ J ) ~ ~Sfal)
_ _(Seal)
k Q /_Lt_r. ~i _ - - a''
S
Qy (Seal)
&
~ ;~ATE OF fLORIDA ~
St Lucie
~ ~ ~i;NTY OF • - ~
# Before me persona~ly appezred _ _ .IN~QS w. KP_T1I'1E~V and
~ _ Carolyn f~171R Kennedy h;, w;fe, to me well known and known to me to be
rhe ind~widuais described in and who executed the foregoing instrume~t, and acknow~edged before me that they_ executed the same for the purposes
~ Carol Ann K~nedv `
rhe•ein expressed. And the said- ~ - ~
~ , James W. Kenned ' ~ ~ -y- rivate
k r:~ e of the sa~d - - ~ ~ ~ ~ ~ ~ e~~~ P
~ ~~.am~na~ion by me tak~n separate and apart from her said husband, acknowledged to and before me tha~ lF~e e,~ ~~J~~~1~1:.~ •nd vofun-
~ _~;y and w~rho~t any compul:~on, consiraint, apprehens.on, or fear of or fiom her said husband. t] /7 L.:
~ Q ^
WITNESS m hand and of!iNat seal this_ da of~
~ nctober ~.s< ~y7~
Y -la4_L7 /1.~_- Y i ~
- '
~'~.L-c ~ `-1.~~~~~-_ _ ~ - '
- Notery P.,btic in and /~I. ~e~
~ My Comm~as~on eapite~. I ,
- Rerum To: µj~ry p ~
i;rit Federal Sarings 3 loan Assoc~at,on `,~9~
~ fIlEO ANO RECORDE~ Mr ;,~i0,.'~l,~ur
Of Fort P._.-e M~ h
' ~P.~"~
r~ Fort V,..rce. F~:nd• at.l~~E Ci~uNj~ .
aocEp Poita~s .
; CtERK C?aCU1T OupT~
- IIECORO VER~FIEO
Th~s Instrument Prepared By Richard K. I~y~ g~ ' 16PM 1
First Federal Savings b Loan Association ~j~, ~U
of Fort Piercei, Flntida
~ Checked BY 2L~3 / J
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~''f 600K PA~2925
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