HomeMy WebLinkAbout2534 3. To plece and continuously kcep on ~he bu~!d~ngs now or hereafee~ si~u.~~e on se~d iand and on all equ~p:nrro arx! personaliy ~o.rrecl by ~h~s mortg~
•ge. wi~h all prrmiu~ns thrrco~ pa,d in futl, hre insursnce m~he vwal af.+nda~d po'~cr torm, ~n a~um a~p~u•.d bt ti~r A10R.C,A:',:E, a~ d w~~~dua.m
:nsuru+ce in the ~wal s»ndard poLCy 1am, in s sum app~u.rd 'oY ~he A10R1GAGEE, in wch to~npany er canpan~es as thr M021liAGEE msy
duec~; ond all lirs and w~ndstorm inavrance po~~c:es on ~ny of s~~d bu~id:ngs, any inre~aa~ thore~n or pa~t thrreol, in ~he agg~~ ga~r wm afae:aid or
~n eacess tAereol, ahall comain ~he us~a1 s~a~~Ja~d ma!g~gae dause a s~ch o~her c:e~se as the ~.1un9ay~e may rey,,.re, a~ak~ng e~k .oss undr~ SJ~d PO~F
c~^s, each and every, pav~b.e ro sa~d AtJRiGAGEE as rtt in~c~ce~ msy aNyra~, ~nd ~a:f1 3f.0 e~rry such po'::/ s+~:! be ~:re^~p~~y assy~~cd ..~~d dr~~vcrrd ~o
eny held by se~d h10R[GAGfE as fuither stcurity to sa~d matgaye dcb~, a~~d, nc~ leas ?han tc•i (10) dars in ad.ance oF ~hr exy~~a+~on ol rrth poht~, to dr
I;ve~ t0 said MORTGAGfE a renewal f#xreof, togNher with a rete~pt For the prrmwm oi such re:~ervs!; and thare shall be n0 i•~e o~ .•~~~Jtro•~n ~nsu~ance
placed on any of sad build~ngs, any interest there~n w pa~~ the~eof, uniess in ~he lorn~ and w~eh A.e loss p~Y~~~e ~s a4ores.+~d; a~d in the e.rnt a~y sum
uf money becomes payable unda~ s~ch pol~q w p~l~cios said MORTGAGiE sh~ll have ~hr op~.on w rec.:~.e .,~~d app:y ~he se:~~r on eccou:~~ of sha i~~J,~tn:d-
ness secured herrby o~ to permit said MORiGAGORS ro recrive ..~~d use it p eny p.vt th_•:ruf fc.~ o:~~. r f.u~~ '~srs. ..ni o.:r +h a.,..
~ng a~~y equ~ty, lien o~ ri9h1 under w by virtue of this mcc'gege; and ~n ~he evem sa d A10~1~;AGORS sh.~11 Eor any rcason iail ~o k~ep ~he sa.d prrmif.~s so
inwrrd, ot fail ?o dr+iver pranplly ~ny Of said pol~c~es of insura~Ke to aa~d MORTGAGEE, or fa:: p:omptl; to pay fu::y any ~u~n~~:m ti~c~~fv~ w ~n a•~y
reapec~ fail to pe~form, d~sciwrge, execute, e~~eU. complete, co:nply wi~h and aD~de by th~s cove~ant. o~ any p,v~ hareoi, se~d h1vRi~:~GEE may p~ece a^o
pey ia svch insurance or any part Mereof without w~iving w alfecting any op~~on, lie~. eq~oy, w n~h~ under w b~ ~~rrue ot i:~~s Matgaga, end the
f~u a~noun~ of each and ece~y wch paynxm shs11 be immediately due and parable a»d shau brar inT~r~sr irom ~ha derr ~hr~~of ~n+~l p..ad a+ t?~e ra+e of
n~ne per crnrum per annum mid to~rtne~ w~tA wch interect shai~ be src~red by ~he Grn of ~h~s mortgage.
1. To permi~, commit or suffer oo was~e, impa~?ment a drterbraf~o~ of sa~d property w any pait the~eof.
5. To pay all a+d singvta? the costs, charges and expMSaa, includ~ng a reasonab!e anomey'a (ee and cos~s of abs~racts ot h~te, in~v~~ed o~ pa~d at
any Ii~i:e by said MORIGAG.E, bccaux or in the event of the la,wre on ~he pa~t of ihe sa~d MORiGAGOR a d~ty, p~o»p!~y and }~:iy prrform, d~scha.gr
_>rc~te, eifect, canplere, canplY wnh and ab;dr by each and avr~y tM shN~la~~o+~s, agre~~•nents, tond~~~oris, a~~ co~r:~anfs oi c,~d p.o~~.~.su~~ note and ~hn
„orrgage any or ei~her, and sa.d ccsrs, charges and expenses, each ar.d eve~y, shall l~r imm ~~a~ety due and pareb:a: v.hc!.._~ or not :h~•re br nonce d_~
mend, artempt to collect or s~it prnd.ng; and the full amount oF each and eve~y such pa~mrn~ shell bear ;nr~•res~ frwn ~he d~ee ~hereot w~ril pa~d at te,e
re o~ nu,e per crns~m yer a~i~w:u; an~ rll sa~d cos~s, chargrs and ex;:r~~ses uxu~red or pa~d. ~og~ihrr "~.th wch ~„t~rrst, shol: be setured by the i~rn of tk.s
mo~IQagl.
6. That (s) in the event of any breach of this Mwtgage or drfau~t on tF~ part of tt~e h10~TGAGOR, or ;b! ~n rhe event any af sa'd svms of mo~ey
here~n referrrd ~o be not pranptiy and iully pa~d wirtiin th.+ty ~30i drys ne,.t a~Te~ fhe sa~ne sc+e~a:ty becomr d.x and pa~al~~e, w~thout CJ.::nand o~ ne~~ce,
::r (c) in thr event each and eve~y the it~pu:atio~s, a9~eements, tond~:~o~~: and coYenanfs o+ sa d pra~~~sso~y noer a~~d ~1• s nw~~g~yr any a e~~her are not
iuly, prwnprly and fully per~ormed, d.uhargrd, eaecuted, effecte~, cwnp;eted, co+npLed w~~h artd ac~ded Sy, then in e.thrr or any s~:h rven~ ~he sa:d ag
~regate sum menta:.ed in sa~d prom~sswy note tt~n rema~n;ng ~npa~d, vrah ime~e,t att~:.cd, and m~ nwne~s s~currd hrr:by, sh~~l txwme due and pay
e~:e fo~thw~rh, or rhereaf~er, at the op!~on of sa~d A10~21GAGEE, as futly a~d co~nplete!y as il a+l of ~I,r s.+~d w~ns oi nqn2y wcre o~~g~ne:ly s~~pu:a~~d
t. be pa.d On suth dzy, anything in sa.d prom:sswy note w in this Mwtgage to the co~~rrary not.v.th:~3nd~:ig; and tn~•rcuEwn or thcrca4t~~r at Ihe e~ ~•on of
sj.d MORTGAGEE, w~rhout nonca o~ demand, su~l at law or in eqwty, the~rfore or tnrreaf~er brg~~. .,,ay be prosccufrd as if ail monnys sec~red hereby
n~d matured pr.ot to as ins~~t~t~on.
7. That m ~he event that at the (xginn~~g of or at any ~~rru pe~d~ng any s~~t uFon this Morrgage, w to Ioreclcst it, or to reform i~, or to enforce
payment of any c~eims he~e~nder, said MORTGAGEE shall apply to the i.ourt har~ng ~u•~~d:ct.uri th~~reof tor the apru~n/TOAlDf • Rete~vcr, sucF. Court aAal!
Fo~rhwnh appa~m a rece~wer of seid mortgaged pro~rty atl and singular, i~~c:~,d~~g a,i'and s~~~g~~ar ~he`fhcome:~{M+es,-nsues m~d rr:~j~y~s fro=-+ whaee~er
s:.,•ce drrive~, each and every of wh~ch, it be~ng express'y w~drrsfood. ~s her~uy morega9~d as N spec•fica~:y se~ (or~h a~d desu~bed m ihe gianf~ng and
~~':rrtdum Navses herx+f, a~d such Rcte~vr shat{ have all the b~~ad and effecT;ve f~~xt,ons end powrrs in d~yw~:e entrustrd by a Co~~t to a&ec~i~e~. a:~d
s_ch appointme~u shall be made by svch Court as a~ admilted equity and a matter O~ absol~te r~ght to Ta{d MORTGAGEE, a~~d v~~rhwt refrre~:ce ro the
e~f,~q;,,cy w inadequacy ol ~he vafue of ~he p~operty mw~gaged or ro rhe SO YC~1C'I o~ ~nso~rc~ty of sa.r !~(~OJt ~iaAC~QR or,t?~e dete•:dat~ts, a~~d rha~ svch
re~~s, proGts, incwne, issues and reven~es shail be appi~ed ty such Recr.ver accoro~n9 ~o the I~en u equi~y df'sa3d MU~2TGAGEE and ihe pracr,ce of such
Court. ` ' • , ,
8. To du!y, promptly and fully perform, discharge, execute, eifect, comp=rir, comp:y with ~nd•atKde,by aach and every the st~pv;anons, aqree~nents,
:onditaro and covenan~s m sa~d pro~+~ss«~ nofe aad th~s rrwregage srt forrh.
9. That in the event the ownersh~p of the mortgagrd premases, or any parl thereo~; letomes vested• in a per~orrt otF~er th~n the MORiGAI~OR, the
.'ORTGAGEE, its successors and ass~gns, may, w~+hout no~~ce to the A'40RTG~OR, deal ve~th such successor a succesio+ i~ interrst ~vnh referer•:e to th~s
-r o•rgage and the debs hereby secured in the same manner as w~fh 6t~rrgagor w~thoot in any way vit:ating w dscha+g~r~g the t.lcreg,;gors' Gab~i~ty l~re~
..~der w u~wn ~he drbt hereby srcvred. No sa':e of the Fre~r~~ses hereby mortgaged and no forbea~a~ce o~ tfie pan of ihe fdORi(;AGEE o. ~rs s~ccexsws
or ass~g~s and no extens~on ot ~he time fw the payme~t of the debt hercby sewred g~ven by the MORiGAGE~ or i~: successws or ass gns, a1~a11 operate
ro rNease, d.xharge, modify thange or affett the o~igmal liau:;:t~ of the NARiGAGOR here.n. e~iher m whole or in pa~t.
10. It is s~ec!!icaliy ag.eed ~hat t~me is of the esse.+ce of th~s conrract and fhat no wa~ver of any ob!:gat~on hereunder or of the obligat~on se-
c~red he~eby shaii a+ aoy hme ~M:reaiur kr_ held to be a wa~rer oF the terms hereol w of the :nstrumem srcu~ed he~by.
! t_ tn adcf.t:o~ ro the forego ~,g •nontn!y paymenfs oF p~~:'.c ~~ei and ~n1r*es' requ•red by the pron: sse: y co'~ s..~-~~d hr~,b/, mOrt~ayor covenants
ag~_es to .~ay to n:o-tyagee ..~th eac~ mon!hiy pa~~:•ent an add .onal s~m rs' ^ a*ed by morty~ge? to ~ ea~a~ ~0 1 12 or s::_• en::;;a: cost of th•~ tolio,n-
_.a
A-All ~eal property faars le~~~.~ o~ assess~_d ag~~•~st thc a6o.e desc~~b~d r,a~ csTarr.
6 Fr. ,~s on f,ce ar.d .v:od~rrn: ~nsura~ ce as he-em r.-q, rcd ta be <a~ri~ d cn tF.~• ,:•ovr~ne:its s:!uatr on cF.,~ abor~ d_scr~nrd pren,ises.
C-Pre~n~;rr,:s o~ wch r.:crty.+ge guar3niy ir.swa.:ce as ~norrga~ee sha~l 'rc•^ T:ne to t~,.:e ~'•r:n f~t to carry on the toan s_c.,:ed herebi.
~ 1M1or!gagee s~; ~n t.•~•c 'o t.^~e na~~fy rno.ry.~~c• ~n w.l~~ng of the a•~ o~•~t d~_ and piyah:e hereundrr and svch s~ n sh.~'i th~~a ,;on be due and
~ +.ab:e on thr d~e a.a•~ of th; re•t r-:onth:y pa~:r~n1 d~~d e<<t~ success:ve :~-•o~:*h tF.ereaf!
~r v~~++i mcrtg~gee sh~'! not.fy m.prsgayo~ ot a ci~ange ~n sv:h
~ Su[h s:.:ns s~ l~e aNE:'~ed by mortgagee roward me peyrl:ent of rea! preperry taxes, insura:~tt prr~r..~ ns, a^d niostgage guaranty insorar.ce
~ , -.,mi~ms. -
~ tN '~'i1iNE~S ::H;~EOf ine sa~d MO?:GAGCR has hereu~to set h~s h~nd ar.d seaE the day andarear fint a!oresa~d ~
$;gned, Sea' and de!i ~n the prese~ce of:
~ / / ~ ~ C a~)
- - ~ - - (Seal)
~ - -~Seal)
-r
- - - - (Seaf) ~
~
E Of FlOR1DA 1 `
} 55_
~JUNTY Of __S.L` L-ll['? P 1
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p - 8efae m.e perso:ai:y appeared _ .I~3IDP~ E. KeillledV _ _ _ _ . and ;
i Mildred C. Kennedv _ h~: w~~e, to me well known and knox~ to me tu be !
~ r~e ind~v:duais desc~~bed in and who e,cec~ted tha foregoir.q instrumer.t, and acknow:ed~ed before me that ihey exec~ted the s~Te tor the pvrposes
~ Mildred C Ke~nnedv
t^e-ein exYressed. And the sa~d----_----
Jalaes Ei. Kenned
,n:'=_ of the said - upo~ a sepa.ate ~nd priwte
~ ~•~-nnat;on by me iaken separate and apart fro~ her sa~d husband, acknowiedged tc and before me thot she eaet~'rd sa~d in~eru•nent iree:y and vo:un-
~ ~-,:y aRd w.thout any COnpu:S~On, co^s~ra~r.t, apprehens.on. ~fear of or fro.n her said hasband.
l/~
WITNESS my hand and off~c~al seal this. _ day of___ A11C~U~`_~ A. 0. 191~_
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Norer; Pub:~c ~ nd Ior thc3yate of Fior~Ja~t lar e
~ My Ccmm.ssi eap~rea: ~~~y 6, 9~s'
Return TO:
~ F~rst Federsl Sa~~~ys 3 loan Assoc~a+.o~ pF fLORIDA AT LAi~~ `
ps Fc•t v.: cP :jU7ARY PUBUC STATE t
~~~ttSSION EXPtRES AUG. 6. l~ r
~ Fo•: P.r:ce. Flor~d+ r'~Y.,c~ 1{VSUR~NCE UNDERWR~~
~ . Czs..~R l
~ ~ 214102~
~ , Fl~EO ay= 3~co~0E0 ;
Th~s Instrument Prepared By Wm. E, Braust ST.~UCit CJUMtY Fl~. ~
F~rst Federal Savings 8 Loan Assouation . - aa,~p C~tjRAS L~~~ ,
of Fort Pierce , F lor ida ; - • • g~f,o,~ C,'r'..UIT COURT :
~ AECC~B V=P.i~ IfD ~
~ Checked By ~ g--4 2o PH'1 t ;
~ ° R ~.9 a`~ -
~ a~ 4 ~~33
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