HomeMy WebLinkAbout2895 1. To p•x~ ar,d CM}1t1i'CWS~Y k!!p on ~M bu~!d~~ya ~?ow a he?e~t~N a+twe~ on ca~d land a~d on ~II equl, nem a~d pr.w~ally co~~red by ?hi~ maro-
~g~, w:~A ~11 prem~~ms ihr~con ~~,+.d ~n full, h~e ~„su.~~ce ~n ~M usv~l ~w~~d~~d po~~cy iam, in s?um aNiuo~ed by ~he MORIGAGEE, and WI~fIpT
~nswu~te 'u+ the ww~ ~+endd.d ~.o1:cy iorm, in a sum ap~xoved b~ dk MORTGAGEE. io sucA canpiny or compan;es as ~he MORIGAGEE maY-..
dtrec4 ~nd all fir~ and w~adswrm inwr~nc~ potic„rf on ~oy of s~~d a+~~d.n~s. ~ny inte~~st thaan or par~ thrrrof, ~n the a99.epa~e sum ~faeaid w
in ~aceu therwl. sMll :oneaio the uavd i~a~~dard ma~9sge~ cl~~s~ a such oiha ciaus~ •i ~M Mor~y+9ee m~y ~cq~,r~. m~?~np rM 1ou u~der sa~d po~i~
c~es, ex6 ar.d sve*y, My~b~e ro sa~d ,MOitiGAGEf ~s ~1s ~~~erest ma~ aFpea~• ~nd e+cA a~~d ~~ery such po:~cy ~hatt tH prompuy •ss pnrd and de'+ver~d ~o
~ny held by s~~d JNORfGAGfE ea tunhw src~~~ty ~o ss~d nw~~pa9e deb~, a~~d, no~ :eu than ~en liQi deys in ad+ance oi ~he e+~pi~ano~ ol e~ch poiK~, to dr
I,vw to ia~d JNORTGAGEE a.;~~.v.af thereol, 1o9eiber witA a rece~pt fw the p~em~um of iuch re~~ewel; a~w dxro stwli be ~w f.:r o~ w~~~ds~a.~ inswanc•
placed on ~oy of sa~d bu~!d~~gs, f~y interes~ thrrem w par~ thereof, unlass in tF~e lo~m ~ne vv~1M toss pay~b~e os afaeas~d: and in 1he eveot any tum .
o( n+w~ey beca++ea patiable u~der euch ~elicy w poi~urs saa MJieiGAVEf shafi Fure ~6e opewn ro rec~~Ye a~+d apy:y the samr on accovm of the indsbtrd-
neas sec~red l+s~eby or ro pe~m~~ s~,d MORiGAGORS ro rete~ve ~nd us~ it w any pa~~ tl~rteof lo+ ~x~ ~.wr aus. ,..~iw.,t ~h ur .ti~~w ~3 0~ .~~~pau-
~ng any eqv~ry, Gee or ~qh~ undr~ a by v~+rue of ~h~i margage; ~nd in tM •vent sa~d MOitSs'sAGORS shall iw a~y ?eason f~il to keep ~he sa~d p~~~srs w
~nw~ed. w fail W de~:ve. p~omp~2y •ny of sa~d po~K7e~ o! insuranca ~o s~~d MORTGA~EE, or fad ~vompNy ro psy fu~:y any pre~~u~m ~herefw w m any
respeu iail ro pe~fam, d~scha~ye, e~ac~re, effect, complere. comply wi~h ~nd ab~~1e by th~s cove~+snt, a any pa~t hr~eo(, ss~d MORiGAGEE may p~ace •~o
pay fw such imursnce o~ ~nY part thrreof w~~Aou~ waivin~ or ai(ectirq any opt~on. li~n. eqwty. w~~ght undr o. by v~~rue of th~s Maegs~e, a~+d the
lull a~twunt of each a~d e.ery such paymcnt iMll be ~m~ned~ately dve ~nd pyable ~nd shall brer interrst from the da~e Ihcrcoi ~+~eif p~~d at tM ra~~ ol
n~ne ~+er crnr~m pe~ annum end W3r~h~~ w~th such i~veres? she6 be srcurcd by ~he lien o( this matgege.
1. To ptrmit, commit w wfle~ no wa~re, impairn~~t w dcterioretion of said ptope~ty or any parf thrreof.
S. To pay all and s+ngula? ~he costs, c!?arges and eapenses, ~nclud~~+9 a reasonable atfaney's fea and cos?s oF absrrocta of t~ile, incurred o~ p+~d st
eny ti+~e by sa~d MORiIiAGEE, because a in ~he evenl of the ta~iure on tM part of ~he said MORTGAGpR ~o duly, p~a~~yuy and fu11y ~xvform, d.scharg~.
_i~N~l: eflec~, complrte, to=np1Y w~ih and abde by rach ard cvery ~he st~pvle~~ons, agree~~ents, cond+twns, and covena~~b o~ sa~d prun~ssory note and ~hi~
.,,.x~9a9e any or e~~her, and sa:d costs, charges and eaprnses, e~ch and every, sM~l be immed~ately due and payab'r; whe~he. a not there be notcce da
n,end, ateempt ro co~iecl or s~n penc/~~y; and rhe full amount of each and every such pa~n~nt sh~1l bra~ interest from the date thereof until pa~d at the
u~ n~~~ crntum pr~ am~a..~; ax.' au sa~d costs, cFwrges +nc! eK~xs ~ndured a p+id, ~ogethrr w.th such ~nleresl, shall be setwcd by the ~~en of Ihi~
f
TOff~~l.
e. Tha1 (a} in the event of a~y beach o( tfiis Matgage or de(aulr on the pa.t of ehe h~ORTGAGOR, a(b) ~n the event ~ny of ss~d su~*~s of money
h~•ein refenrd to be not pru~nprty and fully pa~d wieh~n th:rty (30S days neaf afrer the aa~x seve~a!ly becane d~e and paysble, w~thwt de~*und o~ notite.
or ;c) in fhe rYem each and every the st~pulatwns, +g~eemems. to~d~tions and covrnams of sa.d pran~swry note ar.d th.s nwr?g~ge any w ~~~her are no1
i~'Y. Promptlr and fu:!Y ~rfwmed. d•stharg~d. eaecuted. eftecled. comp~eled. caopi~ed w~tA and a6~d~d Sy. the~ in athtr or any such went tM ss~d a¢
~cegate wm mrnnonrd ~n sa~d prom~sswy note thtn rcmaming uopa~d, with iotere3t xcrucd, and a:t monrys securod hereby, s1w1! become due and pay~
~b•c fo+thw~fh, or therea!!er. at the op~~on of sa~d ~NORiGAGEE, as fully and complete~y as if ~p of ~hr sa~d wms of money were wg~nally sl~po:ated
to be pa.d on's~ch dc~, an~~h~ng in se.d pro:nnsay ~ote w in this Atiw~gage to the con?rary n~rw~?tistarxl:~g; a~~d rFxrev{wn or therealte~ at the op~~on of
sa:d MORTGAGEE, v`uhaut ~~uuce o~ demand, sv~t at law or in equity, the~efwe w thereafter begun, may be prosetuted as if all mw~eys utured hereby
n~d matvred pr~w to +~s c+snt~t~~n. •
7. That ~n rhe event ~har ar ~he bca~inn~ng of w at any fime pend~ng anY su~~ upon thGS Mo.tgage, a ro forec:ose it, or to refwm it, or fo en(wc~
payment of any ct~~n,a tk•e.,ndcr. sa~d MORTGAGEE shail apply Io the Covrt having ~w~sd.a;o~ thcreof for the appomsnx~t of a Receiver, such ~ourt shall
forrhwith apFxs,m~a rece~•.er o1 s,~~d mqtgagr~ prooarty aiI a~xl s~ngulsr, incfud,ng aU and s~nguiar the inco~oe, profda, issoea ar.d reven~es f~om whatever
so~r~e der~vcd, each and rv~•ry of wh~ch, ~1 be~ng eap+ess~y und?rsto~d, is hertby mortg,u~ed as ~f speof~taily xt iath a~d detcr~bed in the 9rantiog a~d
hatxndum clauses hereol, a~d such Rcce~ver shaU have all the boad and effect~ve fuoU•o~n arxl powe~s i~ anyw~se entrusted by a Court lo ~ Receiver, and
s. ch appo.nrmen? she1~ ix n,ade by s~ch Coorr ss an ad:ni~ted equiq and a matter of abso:ute nght fo sa;d MORiGAGEE, and w~~Fwot reterence to fhe
e.ieqvacy o~ ~nader~vaty of the vaiue of the property mortgaged o~ to the w~vency o~ mso~ver+cy o! sa~d MORIGAGOR w the defendants, and that s~ch
rr~n, proi~ts, incer^e, ~ssues snd reven~es shail be ap~i~ed by svch Recr~ver accoiduig to the lien or eqwty of said MORiGAGEE and the p~act~ce of such
Co~rt.
8. Ta d~:y, p~a~+p~:y and fuUy p~rfwm, d~scha~ge, c~cc~fe, ef(ect, compleee, comply w~~h and ab;de by each and every the stiputations, agreements,
:onditions ~nd covenanra ~n sa~d promissory note and ihis mortgage sct iath.
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9. That in tF~e event rhe owncnhip of ~he morfgagtd prcm~xs, w any part thereof, becomes vested in a person other than the MORTGAGOR. tM
M.ORTGAGEE, i:s auccesso~s a~d ass~gns, may,'w~tho~t non:e to tF~e 1110RTGAOR, desl w~~h such svccessoa a succeasor ~n ir.tcrest with refe~ence to this
~o•~gage and rhe drut hrreby sccv~ed in thr same manoer as w~rh N1o.rgagw w~thout in any way viNating or d~uha~ging the Mortgaqors' liability her~
~+-der Or upon the debt herebr uc.~r~d. No sa:e of fhe Fre•n~us hereby mo.tgaged •nd ~o forbearance ~n fhe par~ of the ?At7RTGAGEE a iri succesaors
er ass~g~s and no rrre~~s~on of rhe t:mv for ~he payme~~ of the debt he.eby secu~ed given by the MORiGAGE~ or iis successors w ass~gns, shall operate
ro re~eax, d~scharge, mad~fy c~ange w affect the o+~g~nal liab~l,ty of ~he MORTGAGOR here~n, either in whole or in psrt. F
1~. It ~s s,~c~iicaiiy ag•eed ~het t~rt+e is of the esxnce of th~s contraca and tMt no waiver of any ob~~gat~on hereunder or of the obliyation ie-
cu.ed F+ereby shel~ at aoy t:me +hereaf~er be he!d to be a waiver of the terms hereo! or of the instrumeot securcK! herby_
11. In aad t.o~ ~o foregc ~g •.~or.th!y paymems o+ p~~~c ~al and ~~~eres~ req~ired by lhe promasory ~o'e iccvred hereb/, mortgagor C6vtnanti
+~d ag~;es tu rvy !o r'o-tg~yee ~...rh each month'y pay~.-ent an add.*~o~ial wm est~mated by mwtgagte to be eyua; to 1 12 of tM: ann~al cost of iFK follpw-
A-i.~t rea: p~c;ix~''r r.~+as ~r.+ed a assescc~ aga~~~st the above describ_d ~eal estau.
B Fr;~~• :~:~s f~r aod ..~~:dsro•=n inw~.~~ce as iiere~n req:, red to be carried orc ~he [mprove+ne~rs s~wate on the above desvibed premises.
:-P~~r.-.u • s o~ ;.c': ^~or~~ .ae gua-anty icsvra~ ce as mortgagee sha:l fro:^ t me ro time deem fit tn ca+ry on tfie loan secored hereby.
~ Atortg,qee s~.~ ~e ro t~~~e no'~f~ me~ryegor m ~n•irmg of the arwJ;~ye and payab!e hereundcr and such sum shall therevpon be due and
;.~;abte on ±h_ .i,,r a~•e ~i t^~ ~~~_.r ~~onth:y payment and each success7ve month rh'e.eaf:er ~cril mortgayee sha!t noKfy mort~agw of a change in such
; -_vr+r. S„ch ;,;~-:z =:?e aF~~'~rd by morlyayeE tovcard 1he PaymMt Of real proue~rv ts:es. insvrar~ce orem.ums, a~id mortqa_qe guaranty ina~rance
i ~ -
: •em~~ms.
14 WITr,~{;~ .;HE';~f ~6~ sa~d NtJRTGAGOR has here~nto set his hand arx! seal thc day and year (int aforesaid.
1 S~gned, Sealed /anjd detiv.red in the presence of:
~ -an^ Li-L LI ~ ~S~ ~ ~ ~1
: - ~ " (Se~~
, - ~ / -c~ ~ t r y..~._.-~_~ ~ i
` s
- n
S1ATE Of FLORIDA
: ouvrY oF St . Iuc ie
~
eefo~e me perw~ally appenred AI'i]Old KroQk .,,a
kary I,ouise Kropp his wife, to me well known and~Tcitawn to me to b~ ~
9
!he indiv:dw~s deur~Eed ~n and vrho e:ecuted ~hs foregang insrrument, «+d scknowiedged before me that they executed the same for the pwposes #
r~~.ein expressed. And the sa:d--- ~Z'{I L(?111S@ ~lODn ~
+~~re of the u~d - AZT101n A. Krepp vpon a separate and p~iwt~
e.a-n:na'~on by me tai~en sepa~ate a~+d aFart from her said husband, ~clcnowler~ge~ to ~nd beFwe me that she executed said inatrvmcm freely and vo:~:r ~
ra~~:y a n d w,rhovt any compu;si~n, co::stra~nt, app~e h ens.on, /o~ feu of w from h
e
r said hus b and. ~
WIT~1fS5 my ha~d and offic~al xal this_ I~';x day of J~y A. D. 191L
~E,~t~Ll f-j-+--~-L'~ ~~~ti/
Notary Pvb1K ~n a•~d (w the S~ate of Fbrids at lu~e
My Comm~ssan eapires:
Retum To:
firs: Feder~i SaYiys b loan Aasoc;at,o~ ~ ~ MlEUC~ STATE OF FLORIDA At LAR~E ~
~,F P,..t., • i~Y v ISSION EXPIRES SEPT. ?3, 197~
e~.f P~.•+ce F:_.•,da , _ ~IIAII fR~D IN. OIEtiElil0ldt
_ . 212308
_ - - - ; : ~ - - ~ u~iE COUNT~
~ - . - : i
Th~s Instrument Prepared By J. D. Chastain • ~ V ~~Otflt?4~TIU1
First Federai Savings b toan Association . Q~ER~ C~I1C~11 OO~~T
04 Fort Pierce ~:lorida r~~~ RlQ0~0 Y[It~~~ 0..~"'
Checked BY~ " ~ ~ i
~ ~
eoo~193 289Z 1~3 t