HomeMy WebLinkAbout1747 3. Ta plsce a~ continuously keep on the bui'dings now a hereaftK ?~tuats on sa;d land and on ali cqu~p~»~nt and peno~ally ccve~ed by thit matg-
w~~h •11 prem~um~ ~hereon pa:d ~n full, fuc inw~ance m thc ~wal sra~xi~rd po'.~cy lorm, in a a~m aHpru+ed by tha htJR~~%.GEf, and w~ndttJrm
fnsurance in ~he uswl s+a~eda~d po~~ty tam, in • sum app~o~ed by i1u MORiGAGEE, i~ such co~npany or ca»pan~es as the ~~02TGAGEE may
di~ec~; ~nd all (ira and w~nd~torm insurance poliura o~ any of sa~d bu~~d:nys, any inlt~atl therein or ~art thcreuf. in ~he dygrrgllp aum afaesaid or
fn eacesi lhereo(, ~haQ conrain ~he uiual standa~d mwtgegee clause o~ such mher c~ause as the hlortQayre may req~~r~, ma?~np tha loss w~da~ sa~d poli-
c~es, esc6 and eve~y. peYab~e to sa~d .\lpR1GAGEE as ~a intrre~~ m~y appear, and each and every tuch p.:~cy shall Ix pro~~pHy aas g~~ed a~d de~ivercd ~o
sny held by uid A10RIGAGEE as further seturi~y to aa~d monpaye dabt, and ~ot iess than tcn (101 deys in ad~ance o1 the exp~rat~on of each po6ty, ro da-
I+ver to w~d MORIGAGEE a renewal thereof, ~o~e~her with a rcte~pt for Ihe p~emwm oi such ~enrwa:; a~~d ihere shall be ~w f~re o~ wu~de~orm insurante
pl~ced on +~y oi s~id buildings, any intere~t there~n or par~ thereof, ~n!rss in the (orm and wdh tl,e loss pa;•abte a~ aforesaid; and in the event any sum
ot mw+ey becomes payabte vnder wch polity d poLcies sa~d MORiGAGfE shall heve ~hr opt.on fo rec.:~~e :,~~J apF,!y the same on ecco.,m of the ind~btrd-
nesi ucured hereby a ro permit aa~d MORTGAGORS ro ~ece~ve and use it a any `.~rt ihe:aof ~or cenrr ~.u~: ases. ..nh:,:i ih or nnpa~~•
ing any eQu~ty, Ge~ o~ ~~g~+t u~ or by virtue of this mc:rga~e; and i~ the even~ srd A10RIGAGORS ~hali for any re~son fail to Arep ~he sa~d premises so
msured, or (ai! to deGve~ ptompt~y a~y ol said pol~c~rs ol insurante to sa.d MORTGAGEE, o~ fa~! p~ompify to pay fu.ly any prr»~~m thcrcfa or in any
re~pect tail to pKfwm, d~scharge, execute, eff~c?, complete, co:~}ply wi~h aixJ ab+de by thls covenar:t, p eny par~ hrreof, ia~d b10RiG:1GEE may piace a~~d
pay fa such insura~ce or ~ny part thereof w~~hou1 waivin9 0~ affecting any op~~o~. tien, equ~~y, or ngh~ under o~ by vi.we of ih~s Ato~tqage. and the
fu? amo~M of eacA and e.ery such pay~xnt shall be in:tnedia~ety due and payable and shall bear intcrrs! from ~he date th.•reof u~~til pa~d a~ the ~a1e of
~~ne pe~ ce~wm per ann~m and to~e~her .~~~h such inrr~cst shat~ be srcured by the ioen of th~s morfgage.
1. To permit, commit or s~ffer no waste, impairnxnt or deterio~ation of se~d pro~erty or any part ~herzof.
5. To pay a11 and singular the coah, cMrgea a~d e~penxs, ~nclud~ng a reasonab!e at~omry's fr~ and coi~s of absnac~s o~ tirle, incurred or paid bt
any time by sa~d MORTGAG:E, because w in tAe event o{ ~he w'~ pan of tha said A~ORtGAGOR to d~~y, p~a~~p~iy and fuily prrlorm, d~scharge
e~ecute, effea, cwnp:e~t, compty wnh and a~.dr by eech •nd evrry the st~pulat~ona, agre~~~~ents, co~tdu.on:, and cove~~ants of s~~d pro:n~ssory note and ~h~~
nat9age any or elrher, and sa.d cosfs, char9es and e~penses, each snd every, shall be i~.:,ned~ati.•ty d~e and payabir; ~iie+her w not rhere lx ~o+~ce s!~
mar+d, anemp~ ro caieet or ~u~t pe~xi~~~g: and the full amovnt of each and every s~ch payment shali bea~ intrrest from ~he dare ~he~eof ~nfi1 pa~d at the
~:t~ o! n~ne per centum prr ann~-~; an~+ al1 ~a~d costs. chaiges and cx:x~,ses ~~c~sred a pald. ~oyr~h~~~ ~r~~h w~h u:terrst, slwU be src~rcd by the Gen of th~t
mortyapt.
Q That (a) in the eveN of any breach of this INortgage or de'.au:t on ih~ pa~e oi ~?k A!UFTG ~GOR, or ,b) ~n ~he eve~t any o~ sa d 3un~s of money
hfreio referrtd to be ~ot promp+ly and fully pa~d wnh,n th~ny t30; djys ne.t a•ter the i.+•nr se.era.:y becu~ne dve and payaWe, w~+hu~t demand o~ notice,
er ;c) in the event esch and every ~he stipu;at~ons, agreemenn. condrtwns and coYrnann of sa.d pro:»~sw~Y Ro~e and th s nwitgage any w e~ther are not
i.,`.~, prompUy and Fu~ly pe~formed, d scha~ged, exec~ted, effecred, compietcd, compGCd w~th end al~ded 5y, then in a~he~ w any such even~ the sa~d ag
~-egate sum mrma.~xd•in •a~d pre~~~ssory note then re~r.a~rnng c~pa~d, witt~ intere>t acu~ed, a~~d a~~ ~none~s secwed hrreby, sha11 brcome d~e and pay
ae~a forthwah, cv thereafter, at ~he epno~ of sa~d MORTGAGEE, as (~ily and ca~pirfe!y as if a1~ of the sa~d s~ms oF money were or~g~naily shpuiated
io be pa:d on such day, a~ything m sa.d pro:n,ssory note or in th~s Mortgagr to the co~~~rary nutw~ths~a~~dnx~; and ~hcreupon or thereatter at ~he op~~on of
sa:d MORTGAGEE, V.~+hout oot~ce or demand, s~~t at law or in equity, the~efo~e or thereafrer beg~n, may be prosecuted as if all ma-xys secured hereby
nad maWred pnw to ~ts instit~t~o~.
That in the e.•ent ~hat at the ~xginn:ng of w at any time pend~n9 a~y su:t upoR th~s Mortgage, er to fweclose it, or to reform if, or to enforce
parrt+ent of any cla~ms hereundrr, sa~d b10RTGAGEE sha11 apply to the Gou~~ ha~~ng ~ur~sd,ct,on the~eof ior the appo~ntment of a Receiver, wch Cou~t sha11
terthw~th appe+nt a recei.er of said mortgaged prootrty atl and singu~ar, includ ng aU and s~ngu~ar the income, prof~ts, iss~es ar.d re~enues from whetever
s.~u~ce derived. each and every of wh~ch, it bc~ng eap~ess~y undersfood, is hereby morrg~~ed as if speof~caily set fenh and descr~brd in ~he gran!u,g a~d
habendvm da~ses hereof, and fUC~1 RKt~vl~ shatt have alf the broad a..d efiecnve fur,ct.o~~s and powr.s ~n anywue em~~sted by a Coun ~o a Rrcriver, and
s_ch appainimenf shali be made by such Covrt as an admined equ~~y and a matter of absoivte ngM to sa~d h10RiGAGEE, nnd wiihout refere~ce ~o the
edequjcy o? inadrquacy of the value of fhe property mo~tgaged or to the so~ve~cy or ,n;o v~ncy of sa~d MORiGAGOR or the defendents, a~x! ~hat s~ch i
rr~rs, profm, incane, ~ssues and reverues ahaif be appi~ed by such Rece~ver accorduiy to thr tier. or equity of tia~d MORTGAGEE and the pracf~ce uf such ;
Courf. ~
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8. To d~+Y. P~~Ptly and t~!~y perform, discharpe. exetute, effect, complete, ccmpiy w~th and ab~de by each and every the stipufations, agreements, ~
co~ditions and covenana m sa~d promissay rwre a~~d ~h.s mo~tgage set forth.
9. Thaf in the ev-nt the ownenh~p of the mortgaged premises, o~ any part thereof, becor.~es vested in a person other than the JNORTGAGOR, the
ti'~RTG~G'~, its successors and ass~gns, may, without non:e to rhr A10RTGAOR, deal w~th wch wccrssw w succeswr in ~nterest w~rh reference to this ~
~ o~tg~e and the deot hereby secured in the same manner as wnh ldortya9o. w~tho~t in a~y way vihating or d~xharging the hlongagori liabil~ty herr
~~der or upw~ the deb+ he~eby sec~ird. No seie of ~he F~em~ses hereby mo~rgaged and no forbearance on ~he pan ot the /dORTGAGEE or its successors
e• ass~g~s and Ro eate~s[on of the nme 1or the payment of the deb~ hercby srcu.ed g~ven by the h10RTGAG~f or ~ts s::cesawa or ass~gns, anatl operate
ro reiesse, d.xharga mod~ty cha~ge a affect the orig~~ai l~ab~::ty of the MORIC;AGOR ?ure~n, either in whole or in par~_
70. It is spec~f;cally agreed that time is ef the essence of th~s ca~t~ac+ and that ~o waiver of any obl~gat;on he:eunder or oi the oblgation sr
c~red hereby stu;, a~ any time !hereafter be he:d to be a waive+ of fhe terms hereof or of the ins~rumem secu+ed herby.
t 1. In a3~ r;o~ to the 1aa~o ~g ,nonrn!y payments of p: inc ~aI and inferest requ~red by the pro~r sscry no'r secured he~eb~, morigagor covenaMs
e~ d agrees ro pay +o r*mo•rgagec v~~th each momh•y p~y~ ,ent an add:nona! sum es~ ~ ared by morty~ger to be equa~ ?o I 1~ of the annual cost of the foliow-
~y
A-AtI rea~ p~oFerty taxes lev~ed o~ assessed agar~st the above desv~bed reat estare.
B-Pre~r•,.rs on f~re and .+~:~:ds~oc~n ir.w~arce as her~kn r,-q~:r~d to be carn~d cn the ~r-+proveme~ts s~tvate on the a4~ve de<_vibed premises.
C-Pre~r•w:~+s on such ma+g age guaranty insu.ar,ce as rteor~gagee shall from t me to ti.ne deem f~t to carry on the loan sewred hereby.
i Moregagee s^a~t t•om t~~r.e ro t[me ne'ify rno~r3a~cr ~n ,knt..jg of ~he a~~-o~~t tiue and payab~e hereundrr and such su~~ shall thereupon b~ due snd
' ; 3.ab~e on tne d.~~ da~e cf the next month' f pay:.:ent a+~d each wccessive month thereafter uc!ii mortgngee sAall rwt~fy mortgagor of a change in such
! ount. $uch s~~ns s~z he app ~ed 'by mor'gage~ toward the payment of real property taaes, ins~rance prem;ums, and mortgage guaranty insurance
~ _^.~iumi.
i P I~N/~ IT~Ni~S YJH`.REOf ~he s MORTGAGOR has hereunto set his ha~~,d and ~eal the day and year (irst afdesaid.
~ ~iyhe~ Seai a. ~ r in the presence of: /ILE~ A~Q REripitQ~~
~ i-Gka ~ l1.lUCIE GdUM?Y ftA. ary
ROCER POITRAi p n , '
~ CIERK CIRCUII C011QT (Sesq
~ 11ECOR0 YEa~FIEO L.~ 4
(Seaq ,
.
~ 1'{M ~ (0 S~ ~ 1Z' (Seaq
5?ATE Of FLORIDA ~ u. 2054U3
~ ;~utiTr oF St. Lucie ~
e~f«~ ~~.~«»uy appea~ed - AlPhODSe L. Donnelly
~ Lil l ian R. Donnel ly h~s wife, to me well known and kno me to be
""r ,tq,
rha ind~viduais descnbed in snd who eaecueed the fereyoirg instrumenf, and acknowledged be4ore me that they executed the s,xn! for t~ pur4oses
~ rht.~~~ A.~d fr~ said Lillian R. Donnelly _
p Alphonse L. Donnelly • '
~ ~~~e of rhe u~d - ~c~?? i
~p+~e ~v~+yi ~
~ e.am~nation by mc taken uparafe and apart irom her said husband, acknowiedged to and before me that she executed said iriap~wne~~te~ly ~r~ vd~up-
_
~ ro~~1y and w~thout any cornp~~awrt, ccrstra~nt, apprehens~on, a fear of w irom her said husband. ~ ~ ~ • r = ?
_~Il~-- da of ~ A~~ D. Y9~ ' ~
~ WITNESS my F~and and offic:al seal this y v; ;
, ~ C~ ~-,i ~ ty C
~ .
'-Y ~
- :
~ Notar PubGc in and (or the S~ate of • a S~~
Y •~j;l!rf~•~~ 0-~~
My Comm~ssion ezpires: ~ , S.~`t~fr-,`~`
ReturR to- MOTAUY ?UBUC. SiAIE uF fi08~~A Ai La,,.,~,;~•ti~~~~, ~
_ firq fedcr~l Savings a Loan Asaociat~on
` h1Y COh1t,11SSIJN EXPIRES Oi;i. ~5~~/
~ Of FU~1 Pr.'CP. ~ONDE'~ TMqV:~(~1{ FR[O W, p~(~T[LMJNli1
y-e
~ fo~t Pie*cr. Ficrida •~.ww?
~ •owU¢OMfHw4JIUW EXrlnt, ti1;i, ~ 11, ly. ~ ~
v~ ~'ft~~ M~• OtEiTELMOAST
~
~
This tnstrument Prepared By Richard K. Kayes % O-/~' 7 ~
~ First Federal Savings b Loan Association ~
of Fort Pierce
~
~ Checked By _
~ OR
g~~K 130 i743 ~
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