HomeMy WebLinkAbout1375 3. To plxe a~d ca~ti.wously ?esp on ~Ae b~:~'d~nys now or hs~eattcr ~twee on sa~d land and o++ sG eqo~pa~ent a~~d pc.w~~ally covered by this mor~g-
~g~, with dl p~cnuums thrreon pa:d in fv~l, hro ioswan:~ ~n ~he vtual s~a~,i~rd F~'~c~ ionn, in a s~•~ aNN~o.ed by thr A~J~t~"~GEE, and w~~+ds?orm
insurance in tM va~al ia~nd.+.d po~.cy fam, in a sum spprov~d by ~hr MORTGAGFE, su:A ca~~pany w co~np.+n.ef as the MQRiGAGEE ry+~y
direcr; and all fue and w;rularorm inw~ance pol~ue~ on any oi s?~d tw~:d.nga. any in~e~esl nc~~ein part thrrr~f, i~ Ihe eggr~-g,~te s~m afn~csaid a
in eacesi ther~of, ehall coc~ain ~~~e usual sta~~dard mor~gagee d+use a such o~i~cr c!a~se as ~he ldwty~yre may reyu~re, ma\~ng m~ .ou u~kls. s.++d poli-
c~es, each and ovav,•, payab!e ro sa~d 1?~ORiGAGEE as us intrrest .n~y appea., and cach and evcry such ~,o:~cy sha:f Ix p~ompriy ass g~:rd •~~d dr+~+r~ed io
•ny held by sa~d AtORfGAG:E as i~.~her sewrity ro sa~d mortyage debt, a: d, not :ess tl~an e~•~i tt0i d~,s ic~ ad+a~xe ol ~ne e•p~~o~~on of rath pol:ty, to da
Gver ~o sa~d MORTGAGEE a re~wal th~reo(, ~oqerher w~th a ~ece~p~ fw thr prcm~;,~n oi s~ch rr~~e,~a~; e~~d U:~ro sj~a.~ be n~ f~re o+ N~~~~sTO~m insurance
al~ced on any of uid bu~!d~ngs, any inrzres~ there~o or pur thereof, ~~!eas i~ ~he form and w~vh ~hr ~oas payabfe as aiorc:aid; and in ~he e.~en1 any sum
of money becomes payable unJcr such pol~cy w polaies wid MORiGpGEE sh~N have ~hr opr,un ~e ~ec~~v4 a:~d app:y thr as•»e on accou» of the ic~dobtrd-
ness secu~ed hereby a ro pc~mit .a~d MORTGAGORS lo rcce~ve and use it w an~ ;,~~t ~h~:~•of ~c.r o:n:r ~vf, .:s~•s. ,,.~i,,:..~ ~h:~~ .v..... ;;r ~~„p„~~.
ing any equify, iien or right u~~dr~ or by virtue af this mo:~gape: and in the evem s~ d MO~IGAGORS sAa!t iw any rcason fa~l to ?eep ~he sa~d prem~s;s w
insurrd a+ fai~ to deliver p~anptly any of said pol~c:es of insura~xe ro sa:d MORTGAvEE, c~ fa,t p~ompi;y to pay tv~ty eny pre~~~~r~n thrrrfor or in a~y
respect fail b pafam, d~schsrge, exrcute, effecl, comptete, comply wi~h a~xf ab~de by ~h~s covena~r, p any part h.~~eof, s.+~d Ml)RiGAGEE may p~ace a~~o
pay for suth irtfurance w aey part thereof w~thovt waiving w a(fecting any opt:on, f~e~~. eq~.ty, or r~yht under o~ bt v~rtue o( .h~s i.twegage. •nd the
f~ll ~nouro of each and e.ery svch payma.~nt shalt be ~m~ned'utely d~,e and payabie e~.d sh,,~~ bra. inte~rit from tha date ~M:reoi u~~Nl ps~d at the ra~e al
nine p~r ceorum per annu~n a~x! ro~r~hrr v~~sh such u~te.es? shali be srcu~ed by ~he I,e~ oi t~s mw?yge.
4. To permit, comm~t or suffer no wa~rs, impairment o~ detr~~orat~on of sa~d preperty or any part therrof. ~
S. To pay all and sing~Iar ti.e casts, char~es and exp~nus, inc~ud~..g a reawnab!e ano.ney's (er and :osrs oF ebshacts of t~tie, incu~red or pa~d at i
eny time by said MORiGAG:E, beca~se or i~ the event oi tha fa~lure on tnr pan oi ~he sa~d MORIGAGOR to duty, pro:*,p~ly ar~d t~:fy ~rfwm, d~schar9a ~
execute, e(fect, comp:ete, canply w~th and ab:de by each and evcry rhe stipwa•.o~s, agrrr~:~
~nts, to~diriona, and covr:~an+s of so~d p+o•n~,sory note a~x! ~his 3
martga9e any or either, and sa:d costs, cheryes and Eapenses, exh and evcry, sha~i br er„ni~,a~r:y due and payab:e; whr~her p not ihere tx no+.ce d> ~
mand, anrmpt to collect or suit pend.ng; entf thr fvll amount of each and e.ery wch ~~mem shstl bea. i,+rerest irwn ~he dare the~eof ~nn! prid at ?he ;
ra-e ui nu~ }xr centum yrr ann~~n: and aU sa~d coats, charges and e~~~~~aes ~ncurrrd or pa~d, togrt~ier .v~~h suth inte~rst, ah,?~I be sec~red by ihe Lrn of ~h;s _
mortgage.
6. Tha~ (a) in fl~e event oI any breach of this Matgage w defautr on ~Fr p~rr cl chr S!i7RTGAGOR, or ;b) in the rvent any of sa'd svms oi aw~:e~
herein referred to be r.ot p~anpNy and iutly pa~d wiTh;n th:ny ~30) da~s ~~e,r r~:•~ ~he s..r•,e sr.era'~y beco~~e de,e and payab'e, wi+iwu+ dema:xl a ne+ice,
or ~c) in the evcnt each and every the stipular~ons, aqicemenis, cond+tions or.d ca~ena~~rs ot sad prom~uwy notr a~Kl th:a nw~tgagr any w e~ther are not
~uly, prompNy and t~!'ry pe~formed, d~sc!wrged, eaK~ted, ef~Kled, comp~eted, canp~~ed w~~h aad ab~drd Sy, tt~en io e.the~ o~ a~y such event the sa~d ag
grrgare wm menr~oncd in ta~d promisswy no~e then remaining w~;w~d, w~th in~rrr~r acuued, and a~~ ~noncys s.cured hereby, sl~..~i bew~.~e due a~d pay-
ab~e fo~?hwith, or ri~~rafrer, at the opt:on of sa~d MORiGAGEE, as fully and canp:r;e:; as ~f a11 of t!,r sa~d svms of r.~.uney we~r or.gmady st~F~:ated
to be pa:d on such d_r. enything in sa.d pra~mssay note w in this Mwtgac,~e ~o the cav~a.y ~ut.v~ths~and~:.g; and rM:r~vFOn or tn..~rcaftrr at the op~~on of
said MORTGAGEE, ~nnhc~t nonce w demand, suit at iaw w in equrty. •j~e~tlo?e !r therraHes~bry~, may be pr~sr;uted es if a~i monrys secured hereb~/
had maWted pt+or to ds ~nstrtvnon. •
7. That in tAe e.ent that at the beginn~rsg o( or a~ any t~me pend:ng a~y su:t upon this Mo~tgage. w to f.~recluse it, or to reiorm if; or to e~force
payment of any Ciaims he•e~nder, wid MORiGAGFE sha~f apply to the Covr~ having ,;:+;sc!c~:on tFnreof for thr appo~ns~+:em of a Rece~+er, svch ~ourr shalt
fo:rhwith appo~n~ a rece~~er of sa+d rr+o.?gaged prooeriy all a~d singular, includ.ng a:~ a~ui s~~~gu;ar ~he iecon+e, profas, ~ssurs and re~e~ues fran whatever
se~rce derived, each and every of wh.ch, ~t t+e:ng eap+essly underotood, is he~eby mongoged as ~f sFec~f~cat~y srf forth ar.d drscr~brd in rhe granti~eg a~d
habe~dum clavus herrof, and wch Receiver ,Swtl have all the broad and effec~~VC iu~:T c:~s and po.vers ~n anYwne entr„srrd by a Cou~t to a kecr~ver, and
s~ch appointment sh~tl be made by wch Cour? as an admitted equity and a ma~te~ oE abso:urr r:gAt to sa:d !NORTGAGfE, a..d vrr.hovt refe;ence ro the
adequaq or inadeti~acy of thr value of the property mortgaged or to the so.vrncy o• ~ns~•:,~~ncy o1 aa~d MOR~GAGOR o. tt~r defcr.dants, and rhet svch
re~~s, profiK, inco~~•r, iswes and revenves shall be appLed 6y such Receiver ac.orci::~g to the {:tn or eq~~ty of sa,d MORTGAGEE and the prrchce of such
Court.
8. To duty, p.ompNy and (uUy perfwm, d~scharge, exe:ute, effect, cornpiete, canply w.th ard ab~de by each and every the st~pufations, agreements,
conditions and covenams :n sa~d prom~s:ory note and tt.Is mortgage set fwth.
9. That in the event the ownership of the mortgaged premises, or any part thereci, becomes vested in a pe+san other then the MOR7GAGOR, the
MORTGAGEE, iq successors and ass:gns, may, w~ihwt notice ro rhe Atp2TGAOR, dra~ w~:h scch wccessor w succrswr ~n ~nte.es~ fh referonce to th~s
r.'o~tg~g! and the d_~::: hereay sccvred m the same ma~ner as wi~h Morr~agor w~rt,aur in any way vi~~aiing or d~u.ha~g~~g the Mor.g.,gors' liab~:;ry he.r
~nder or upon the dee~rrr~ •v secured. No sa:e of rhe Fremises heraby mo.tgaged ar.d no forbeara.~ce on the par~ oi the ~dORiGAi,EE w itf svccessors
or a:signs and no e.arr~•s•on of i r.r.~e iw the payment oi the deb? hereby secu~ed g~vrn by ~he ~~tORTGAGE'_ or ~ts successws or ass:gns, ai~atl o,~erate
ro rNe+sr, d~scha:ge, mod~fy cha~.~e or a(fect the orig~nal Gau:~~ty of tMe M.ORiGAGOR herr~n, either in whoie o. i~ part.
10. It is spec•f:a:iy re~ rha! t~me is of_the esxnce of this contrac~ and that no waiver oi_ any obl~sanon hercunder w of the oblgation se-_._
_ _
, cvred hereby shaii a~ ary tm,e thr~ra'~~~ be hetd to be a wai~er of the terms hercvf a of the i~~srrument secu~ed 1.e•by.
11. In acid e c~ !o tPte forege ~~g mon:h'y payments of a:i•:c , a+ and i~~~eresT rrqu•r,~d by t1~e prom sscrj no•r s::u•ed h~~rrb~, mJrtga~o+ eOVtnants
ird agrees to pay to r.~o•tg3gee v.~th e~ch ~ron+h'y pa,..•ent an ac-~ ~~ona1 x~~n es~..~ e~rd br mortgsgee to be equa~ to 1. IZ cf ~:~e an~,va; cest of the foiiow-
~ng.
A-All real F.~ope.ty ta:as fe.~e~ o~ assessed ag~i~st thc above d~sribrd r-_al cs~a!c.
B-Fren:.c,:~s on f~+r and wi:~dsro•m :~sw.ar~e as hert~n req~:r~d to br ca•n.d r: vhe .r•;..oveme:~ts s:'vare on the abovc d.sr.iF;ed premises.
' C-P~~mwrt3 on w.h rnort~,ge g~aranty i:surar:~e as mo~tgagee shai: 4rc:^ t:~e *o :.m~ deem fn to carry on the loan secv:ed fieseby.
Mptg~gze sh," `r; m f~ ne so +m,e nar,fy mo~tyager ~n v~r;hng of tne c~~~oc~t d~e ar.d p~yable hereunJar artd sucti sv~~ sh:~it therr~f~on 6e due and
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~ :,;able on thr d~e ca~e oi rt,e n~Yt monfhty paym~-nt ar.d each svccess~ve ~:e•:rh Tne:ealT_. u~.f;! mcrtq~gee sha7! ~o~:fY mo:t~agor ef a chan~e in svch
e••~~ount. Such su~ns s~.•~~ ix app;~cv1 by mwigagee toward The payment of rra~ preperiy ta:es, mswa~~Ce prr~*'.urns, d.K) mortgage y~aranty insurante
:~•emiums.
~ n1Y WIT?1E5S `l;HEP;OF rne sa~d INORiGAGOR has hrrcu~to ut h~s ha::d and see! rhr day a year first afo.esaid.
~ ,_~$ignedySealyd ~de~~.er in the p~eyence of:
. . ` ~ ~t _ ~ ~l
tness ~ ern ie L. Ke er-
- - • l t 1-r'7../ .iGyi~~ ~~f~ c5e,4
=.ness _ _ Hop Kel ler
SiATE OF ~jIC}:ICi.-l~i ~
I OR1«/~/a~~ ~ . . . "
~ coutittt oF I
Vern~e ,r. I:eller
Before me penona:ly appeared
_ _ f{OpE' Kel ler h;s wi~e, to me well known a^.d know~ to me to be
the individwla descr~bed in and who eaecuted tF~e foregoing instrument, ar:d acknow;edged 'before me fhat they e~cewted the sa.rx iw the pwposes i
>p heller }
r~:erein expresxd_ And the said-_--- E -
I .~;fe of the u~d ~eTill@ L. KQ11@r----- upon s separate snd priwte I
~ e.am~n~t;on by me taLr~ ie~arate and apart from I,er sa~d husband, acknowied ed ro and be'.we me that she execused sa~d inft~u:neni freely a~d voiuo- s
~ ra•~~y and w;thwt sny compu:sion, constrairo, apprehens~on, ~or/~fear oi w lr r sa:d husband. ;
I ~YITNE55 mv hand ind olfic~af xal th~s--- K// _ day of_ _ J~1C.' p, D. 19_1L
, - - ~cL- - - - ~
Notary Pub1~c ~n a~+d for the Sta~e o ira,~t larye ~
My Commssion e~P~~es: Ch ~ a 3n ~
~ aetum io: , ;
~ Fint federal Ssvings 6 loan AssoGat:on , .
pf :u•t V r.c° - - ~ {
~ ~ ' ~ 7^' ' i i
Fort Rr.ce f:cr.d~
, 3
~ y-S-73 ~ ~t• - ~
, ~ , u ~
~ Th~s Instrument Prepared By •ti:n . E ~ Br ~ :u: " % ~
~ First Federal Savings 8 loan Association = ~
i of Fort P~erce, F i or id ~ i
~p 8~~~19~ 1373 ~
Checked By i~ -
- ;
I ~
~
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