HomeMy WebLinkAbout0952 To place and con~inuously keep a~ th~ bu~'.d~~+ps new w herea(tK 4r,ra~~ on ~a~d land and on al! eq~lprr.e~t snd penonally covaed by th:s ~nap~
~ge, wieh all prcm~ums ~hrreon pa•d ~n fuil, f~re insurance ~n eik usual i?a+da~d po~~q fa~n. ~e a~um app~oved b~ ~he MORiGAGfE, and wi++di~am
~nsursnce M ~Ae usual standard po~.cy fc~nti in + ium ~pproved by rhe MJRTGAGEE, in such company or compan~es +s ?he MORTGAGEE ~nay
d~rect; and aU ~ir~ and w~ndsro~m insurancs po~kies on aoy oi sa~d buiW,nps, any inta~i~ ~htrein o: par~ thrreol, in ~he +~cyae~ wm aioresaid w
in sacess ~hereot. shall coneain ~he ~swt ~~a~,dard margage~ claus~ or iuch ahe~ cbu~ aa ~he Matyayee m.+y ~equ,r~. ma~uq t1a toss unda~ ~a~d pdr +
c.es, each and every, payab~e to sa+d A~O~YGAGEE as as in~e~tst may appe+~, and each a~.d erery such poi~cy s~~a11 be promP~iY +s~ 9^~ +^d ~~:vered ~o ;
•ny i~eld by ss~d MORTGACEE as fur~hrr s=curity to sa~d ~~a~gage drbt, ~nd, oo~ less than ron (10) d~: ed+.u~ce o! ~he eaV+~ot:on of e+ch pol:cy. 1o de-
Gve~ to said MORTGAGiE a rcnehal tl~ercof, togc~Mr wirh a rece~pt lo~ the p~en.:um oi svch renrwel; a~~d there sMU De ao +~~e o? wi~ids~am i~wwr?c~
plxed a+ aoy ot s~~d bv:ld~nys. ~ny ~nte~rst thrre+n or pa~~ the~eoi, unku in ~he form and wnh the loas p~yabie u afcvesa~d; a~d io tM eveM any sum
o} rnw~s~ beco~nes payable under s~.ch polEq or poLcies said MORTGAGEE shatl h~ve ~he opron to rece~Ye s~~d apy!y Ihe sanx o~ accovnl of Ihe ir+debted- ~
neis secvred Aereby w to permit sa:d MORTGAGORS to ~Keive a+~d ut~ it a any pan tfie,col rw ornrr Hu•~~oses. .•..~n~.,,t eh~n ui .va~.~n~ ~ m,pa.r.
ing any eqv~ry, lien w r:ght undr~ w hy virtue of thii mo:~gape; ar+d in the evenl w~d MORiGAGORS ahall fw any reason fail to keep 1he sa~d p.em~ies so t
~~s~red, o~ fail to dellver p~omptly +ny. of aaid po~~c;es ol insurance ~o sa~d MORiGAt3EE, or ia~t promp~iy to pay fu;ty ony pre~mum thcrelw w in a~y
rosE,ea fail periw:n, d~scha~ge, eae:uta, effcc~, comptefe, compty with ~nd ab~de by this tovenanf, w any par~ I+areof, sa~d MORTGAGEE may p~ace +~d
pay fw such inaurance o~ any part thereof w~~hou~ warving or alfect:ng anY op~~on, lie~. equ~~y. a r~gh~ unde~ u by vurue of ~h~s JVlatga9e. snd the
fuil a~nouot of each and c.ery s~<h payment shall be immediately dve and payabie ~nd sha11 brar enteres~ from the date thcreof un~il pad at the rat~ ol
n,ne per :eowm per snnwn and to~e~her Ni~h such i~Terosr shaG be srcured by the lien of th~s matgage.
1. To pernul, comm~t w sufter no waste, impa~rment or deterro~atan of sa~d prope+ty o~ any par~ thereof.
5. To pay a~l a~d singulsr ~F+e costs, chargcs and expensrs, includi~+g a ~easonable atrorney's iea and costs of abstracts of tide, incwred o~ paid at
eny Nm.e by sa~d MORiGA:~:E, because o~ i~ the cvcn~ ot the fa~lurr on ihe pa~~ of the sa~d MORIGAGOR ~o duly, pranprly and fufly perform, d:uharga,
axx~te, eHea, comp:ete, comply w~th a~d ab:de by each ar.d e~e+y the st~pulat~ons, agreen.ents, co~d~~~ons, and coverants of sa~d prar~~ssory note a~d ~nis
,rortgage any w e~~her, and sa:d costs, char9es arx! eaFr~.xs, each and evrry, shall be immed~atefy due and payabl~; whethe~ a not the:e be not~cr d~
mdnp, attemp~ fo collect or s~it pend,ng; a~d the full artaunt of each and ew~y such paymrnt sM~~ bea. in!c~et~ f~om ~he d+te ~hereof until paid a~ ~he
.,+e o; ~~ne per censum prr annu~~; a~w' a1i sa]d cosri. cha~ges artd ex~+~ses ~nt~+rred or paid. togatl.er w~?h such :nterest. sha+l b~ secu.ed by the lien of thi~
mortgage. ' '
b. Shat (a) i~ the event of a~y breach ot this Mwtyage a defavlt on the part of ehe htORTGAGOR, a tb? ~n rh.e e~e.~t sny oI sa'd sums of money
herein roferrtd ro be not pio.r.ptty and fu~~y pa~d wi~hin ~h:~ty (30) days next af:e? the sarm severa:ly ~co~~e due aed payable, w~thout dcmand o~ noticr.
or (c) in the evero each and eva~y the stipuiat~ons, ag~eements, condr.~ons and covenants of sa d p~o~ussory ~ote and fha mortgage any w e~ther aro nol
ivly. Prompdy and lully perfa~ned. d.schargrd. executed. effczted. completed, compi~ed w~th and ab~ded Sy. then in e~~her w any such event the sa~d ~
~regate wm mtntioned in said pro~ussory note t}+en remaining unpa~d, with interest iccrued, and atl moneys setured hereby, sha~l become dve and pay-
ab:a (orthw~th, w thereafte~, at thr opt~on of sa.d MORiGAGEE, as fully and complete1y as i( all of tl.e sa~d :ums of money were o~ginNty sGpulated
~o be pa~d on svch day, anythirg in sa.d pro::+~ssory note or in this Mortgage ro the con?~ary notwi~hstend:~~g; and ~Fxveupon w 1t~reafier a1 the opnon af
sa:d MORTGAGEE, wir}wut nonce w demand, suit at law or in equ~ty, :hercfwe or thereaher begu~, may be proxcuted aa if al! nwr?eyt secured hereby
n~d matured pr+or ro as ~nsut~twn.
7. fhat in the event thaf at the beginn::~ of w ~t a~y t~me pending sny s~it ~pon this Matgage. w to forectose it, a 1o refo~m it, or to enfo-ce
payment uf any ur.ms I+erev.+drr, sa+d MORTGAGEE shat! appty to the Cou~t having ~ur~~d.cuon thereof for the appo+ntment of a Rece~ver, such Cour1 shall I
to,th,r.+th a; .:cia! a:rce.~:rr o! s~~s! ^tM!g~°d Wooerty all and s~~+9~Iar, ialud.ng all and suwular the incane, prof~ts, issues and revenues from whate~er
:o~~ce de*~ved, each and every of wh ch, u be~ny exuresaly unrlentood. ~s Fxreby moregaged as if spec~t~calty set fath and descnbed in the granting a~d
habendum cla~ses hereot, ard suth Rcce~~er shall Mve all the broad and elfecrive funct.ons and powers i~ anyw+se enlrusted by a Cou~t ro a Receiver, and
s, ch appointm.enr shjU be madt Ly s~ch Covrt as an ad.r.E:ted equ~ey and a ma+fe~ of abso+ute r~ght ro said MORTGAGEE, a~+d w~nc~ut referer~ce ro the
ndequac~ u inadrquacy of the va:ue of the propcrry mwtg~ged w to the so:vrncy w msolvency oi sa~d MORtGAGOR a the deEendants, and that s~cl~
renrs, profits. ~~torne, issxs a.~d reren~es shall be appleed by svch Rece~:er ac:or~.~g to ~he lien o~ equity of said R\ORTGAGEE and the practice of suth
Court.
8. To du•.y, pror*~priy and fully per}o.m, d~scharge, execute, efEecr, complete, comply witk and a5~de by each and erery the stipulatiw~s, sgreements,
conditions ard mvenams ~n sa~d promissory nnte and th~s mortgage set forth.
9_ Thaf in the ewnt ~he ownersh~p of the mortgaged prem~ses, or any part thereof, becomes wsted in • person othe• than the MORTGAGOR. ~he
i'.pRTGAGEE, irs successors and ass~gns. may, wirhout norice to rl,e MORiGAOR, deat with such successw o? s~ccessor in intereat wi~h relerence fo this ~
~ o•rgage and rhe deb~ hcreby sec~red in the same rranner as wi+h Mortgagw w~thout in any .vay v+t~a+ing or d~uha~ging the hAw~ga3o~i .liability herm
under a upon the drbt herrE~ sewred. No sate of the Fremfxs hereby mo~tgaged ar.d no forbearance on the part oi ~he MORIGAGEE w its successors
er ass~g~s and no e.rens:on o1 fne t~me ior the payment of the debt hercby secured given by the M,ORTGAGE'_ or ~ts successws w ass:gns, ahall operate
to reiease, d~scharge, modify char.ge o~ affect the w~g~nal l~abd~ry of the MORTGAGOR here~n, ather in whole o~ in part. z
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10. It is speufici~:y agrecd th~t time is of the essence of this contract and that no waiver of any obl~gat~on herevnder p of the obligatioe sr ~
cvred hcreby shali ar eny time rbereafter be heSd to be e wa~rer of the terms hereof cx o( the instrument secured ?.erby.
I1. In aud f.c:: •o r:~e fweco ~:g ~roMhiy p~~ments of p-inc ~a1 and ~me-est requ~red ~y the prom sso~y .w!e x;ured he~eb~, mortgagw covenants
i~~d agrees to ~y ~o r;o•tga3te v~~sh exh monrhly pay~nc~~t an add~~:onat sum eu:Ta~ed hy mortgagee ~o be equat to 1/ 12 oi Hx annual cost of the folbw-
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A-AEi real proarrr~ ta:es lev~r:'• a assessed aga~•est the above dex~~bed res~ estate. ,
B- F~,~• ~ as a~ t~e and wr~dsro•~n ~nsurarce as herc~n req~:rad ~o be carrird on the =m:,.ove•ne~ts s~rvate o~ thr above desv~bed premises.
C-Prr•r~,u^ s o-+ such mort~ .ge gua+anty ~ewra~ ce as n:angagee sha31 froT r me to t:.ne deem iit ro ca-~y on the ban secvred herrby_ .
~Mo.!a~?ee s~~ ~=•cm c~ ~.e !o t~^~e n~r~(y ~,n;~~yeg~r ,n wr:r.rx~ of she ar-o.~~t d..e and payab!e t~.ereu^drr and such au~^ sha;! the~~;pon be due and
~ ~~yab'e on rhr ~ije date of ~he ~~r~t n:onth:y pay~nent and each success~ve monfh !hereaft~r ur.ti~ mo~tgagee sha'.I net!fy mortgagor of a change in such
i ~~•»vnt. $uch su•ns s~~ ~ i~e appi~zd by mortgagre tov~ard tne payment ot reat property taies, inauronce prem.~ms_ a~~d mc~lgage g~rranty insurance
~ ;remwms.
IN t'JI1~~Ei~ :.HtR:pf. *i~e sa~d MORTGAGOR }~as hereu~to stl h~s har.d and seal tM da~ and year first afwesaid.
Sg:+sd, Seaied a-d de?i .ed in the sence of: .
- FIlEO ~MO RECOROED ~ ~rl~'''-'~ cs~•~
iT. LuC~~ COUMTr fl?. ~ ~,n
- , ROGEP P8t?UA6 ~ - • , ~.L. _
CLERX C~aCWT '
IlEC08C vER~i~EQ t% ~5ea0
S~%~~E OF FlOR10A ~ ~ ~ T~ I ~ ~ I ~J
~JUNTY OF Lwcie ~ 1 J
Befo~e me perswally appearcd J3IIlE.'S j''. Keene
thy '
_~ZQ K@BII@ h~s wife, to me wefl known and koowZtls AfE-b b~
~hr irui:~.dwis descrfbed ~n and wFw e,eecu~ed the foregoing inafrumem, and acknowledged beFore me that they e,cecuted the sartw~~qhlbY prtpqes
rhe.e~n e:pressed. And the said_. ~r0~}l~ N. Keene f
James ~ .
.::re or r~ ~~d - Keene t'~~ .~b ayh
e~a~n:~at.on by me taken x,~a~ate and ape+t erom her sa~d husband acknowledged to and befwe me that she executed said irytr~~1 ~ely srfd v~lun! ~
~e•+~~ a.~d w,tho~t any co~*+pvis~on, constraint, appre n op w fear of or fram ber said husband. ~ •
Y/tTNESS my hand snd off~ds! uai th~s_ T` day of_ J11I1~ 'r'• D?
~ ~ • ~
' r:
Notary Pu61K ;r and (or t St~te of Fbrid~ K latq~' • ,
My Comm~ss~on eap:res: '
Rerv~n To:
F~rst Federai Se~~ngs d. loan Asaoc~at~on NOTARI~ PUSUC S'•'Tf !%f^Flt'k~~+vA AT~URGE
Ml C:: ~ Yi -
p! Eo,e v <~ce ;E :~L3' ` •i^ " . ' . .':lT~p~
fo~f V.r~ce, iipr~~j~ '
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Th~s Instrument Prepared By John Collins ~
Firsf Federal Savings 8 Loan Association •
of Fort Pierce , Florida - ~
Checked BY ~ -R ~
B~QK 193 951 =
,
l~s ~
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