HomeMy WebLinkAbout1469 3. To p~ace and continuo~siy keep on ihe bu~ J~nqs ne~v or he~..,fte~ a:t~ate on sa~d lena end on ali cq~ipmen~ and pe~sonully co•.errd by tFus mor
egC, wit1~ tll premiums Ih~teon pad in 1u11, fi~e i~.i~ro~~ce ~n lir~ us~ei St.~~~:i:uc1 po~~ty fUnn, in a Sum e~.NrOrr~ by th~ MiJK~v%~Ci[t. ani~ ~~~~+tjitp
:nwrance ~n the usual sta;idard po..e~ fo~m, in a s.~~n eFF-+u.ed 1,y ~hr h1ORTG~GEE, in such co+npany er co npan:rs aa the A'•02T:;AGzE m
d~rect; and all lire and w~nduorm ins~~ance po`~c~es on a~~y of s.~~d 'ou~ d.ngs, any intereit fhere~n or part thrreof, in the aggr~y;iz s~~~~ at~~esa~d #
~n excess Ihe~eof, shall :Jntain ~he uswl s~a ~d,rd morrg,g~e cauie or wch ahrr ci,use as tha Mo~tgagee may requ.ro, ma?~~~g ~F,~ +~ss ~~~dr~ s~•J po
c:es, each and every, payab!e to said AtORIv.AGEE as ~ts mt~~r,rs~ may a;>Nrar, and each aed every i~th po:.cy ahall tx pron:pt~y ass g~~rd orc~ ~e~:.crrd
any held by sa~d h10RTGAGEE as fu:th.r s:cur~ty ~o sa,d ~r u:T~a~a d,~r, ~r.d, nor less than ten (IU~ uays in ad+ance of ~he eap~r,,t~e~ uf r~ih pa~c~-, to d~
~r,rer to said MORTGAGEE a renewal thereof, toge~hrr wnh a recr~~:t for the pr~•~~~wm oi suth rcnr.ia~; and there sha~l be no i~~e or ,,;~~!s'c'~n u~suranc
placed on any of sa~d bu~ld~ngs, any iroereu th_re,n or part th~~r~~of, u~~'~ss ~n the lo~m a~~d w~th ~he ~oss payable as aforesaid; and fn ~hr e.rnt o~~y s~n ~
ot maney becomes payable vndrr s~ch poticy o~ pol~cies sa;d MJR1GAGit sh.,ll h~ve the oN}.on to rec~•iv~ end a~pry the sa•ne on ecco~:+t oi ~hr in~a~+~•d t
n~ss sec~red hereby or to perrni~ sa;d MORTGAGOFS to recri~e a~.d use it or any ;~,~~t tt:.,;ro! ~.-.r oc~~.,r i:ur, ,:;~•s :::~~~1_:t ti, , ~ .r j
~ng any equrty, I~en or r~ght ~ndar or by virtue ot th~i mcrryage; a»d ~n the eve~t sa d MORTGAG~RS sha'I for any ~eason fail to keep the sa~(1 prem~Sai so ~
nsured, or tail to de:~ver promyily any ot sa~d poLc~~s ol ~nsu~o~~cr ~o s+~d 1dORIGAGEE, or f,;~E p:om,p•ty to pay fu.:y any p:~-+~~., n ih~~~•wr or ~n any f
respect fail to perform, d+scl~arye, ezecute, eifect, con~p:era, co::,~iy w,rh and ab~de by th:s cov~na:i~, or any o.~r~ nereoi~ Sj~(~ ~1~JRI~HVLE ~~,ay p~ac~ a d ~
F•jy for such insurance or any part thareof w~thout wa~ving or a:fe;t~~zg any oNt;on, lien, equ.ry, or nyht undr~ or by viitue of tF~~s A1o:+g.+gr, and ihe ~
%uif amount of each and e.ery such paymrm shal; be ~~rmed~ately due and payable and sh„I baar int~rest irom thu date ihc~coi u~~~il p,:.d at the rare ol
~~~e per cent~m per an~iu:n ~nd to~ethe~ ~nuh such in;~•rts! sha~: ,e s.•~:.~~~d by the hen of th~s mortgage. t
1. To permit, tommit or wlfer no waste, impairmeN w drt~nor~t,o.~ of sa~d property O~ any part thereof.
S. To pay a!I and singuia~ :~.e costs, tharges and e:penses, +n:iud~ng a r.;asonab!e arrorney's fee and cesta oi a6snacts of t~tle, incurred or pa~~ at ;
,jny time by said MORTGAG`_E, beca~se a in the event of the Fa:wre on ~ne pari oF ~he said MORTGAGOR to duly, prornpily and futty pertor~n, d~xnarqe. ~
_aewte, eftect, comp;ete, co~nply wah and ab:de by each and every rL~ snpu.a~ ons. agrr~~n~znts, cond~tions, and covenanrs of sa;d pro:n~ssory nae a~:d ih~s '
~,o:tgage any or e~the~, ar,d aa~d costs, charges and eapc-nses, eath and every, sha~l b~ immrdiatcly due and payab!e; v.he~her or not thr:e be no!~ce d~ ~
rr.and, attempt to to:iett Or suif pend~ng; and the fut! amouN of eacii a~ d Eve~y such pa~meM sha!I bea~ interest from the date thereof until paid at Ihe ~
~.•fr o~ nme qer centu~n N~r en„,:a,; a:~~ aiI said :usrs, cha~g~s a•.d ~.,:~~:;s~ s~~~curred or pa~d, togrther weh such inte~est, shall be secwed by the i~en of th~• '
mortgage.
6. That (a) in the even? of any breath of this Mo:tgage or dria~'t on tha part of the 1~ORiGAGOR, or ;b) ~n the event any of sa d svms of money
herein referred ro be not promptiy and luily pa~d wirhin th.rty ~3J~ ~l.+,s n:..T a•~~•r fhe sa »e se~er,~'1y beco:ne d~e and payab!e, w~~ho~t demand or not~ce, '
cr ;c) in thr evem each and every ~he stipu,arions, agreements, cc~:d~v~o~~s and co~enants o! aa.d p:o:n~ssory nota and th,s nwrtgage any or e~tner are not ~
iuly, prompHy and fully performed, d scharg•_d, executed, effectrd, co;nptered, co~~~p.:ed wrth and ab~ded Sy, then in e~ther or any s~ch event the sa~d ag- i
?regate sum mentioned in sa~d prom~ssory ncte thzn re~:~a~n~ng ~r;;a~d, wrth ~r,ir~rs~ acuucd, and a~! moneys secured hereby, shall become due a~d pay ~
a~.e forthwith, or therzafter, at the opnon of sa;d h\ORTGAGEE, as fu~iy a~ul comp!etefy as if aN of ihe sa~d avms of money were ong~na~ly st~pu~aied
t~ be pa:d on suth day, anything in sa.d prom~sscry note or in tnis Mortgaye to the conrrary nota,Ahitj:idmg; and thereupon or therenfter at the opt~on of
s~.d b10RTGAGEE, w~tho~r noT~te or demand, w~t at law o~ in eq~~fy, th~~refore or thereafrer begun, may be prosec~ted as if atl moneys secured hereby
n_d matured pripr to its institu!~~n.
7. That in the event that at fhe beginn~ng of or at any n~ne pend~ng any su~t upon this Mortyage. o~ ro fo~eclose it, or to r.:form it, or to enforce
, a;ment of any ciaims hefe~nder, said A10RTGAG:E shalt app!y ~o the C~~~t f,3v~~~g iunsd•c~.on !t,•~reof for the appo~ntment of a Rece~ver, such Co~r~ shail
r.: ~nwith appoint a recelver of said mo~rgaged p~oparry aIl and v~~~~.~:ar, i:,clud ~~g a~l a~~d s~~~gusar the income, p~ofns, issues and revenu~s from whatever
sc~•ce dPnved, each and every of wh:ch, it tk~ng eapress'y unders}cod. ~s ~.er~~~r morrgaged as if spec,f~~aily set forth and descr~bed in ehe grin~;~~g and
~~~:.e~dum cla~ses hereof, and wch Receiver shail have al! the br;;ad a•~d eifer.~e fv^u o~zs and powers in anyw~se e~tr~sted by a Cov~t to d Rl'CCIYf~, d'~d
s~;h appointment shall be made by wch Cou+t as an ad.nitted eq~~ty and a~.a~rer of absoiute r~ght to sa~d MORiGAGEE, and w::ho~t ~eferance to t:~e
r;i>quaty w inadeq~acy of the value of the prop~rty morrgaged or to th_~ so v~ncy o~ ~nso:~ency of sa~d MORIGAGOR w the defenda•:ts, and rhat s~ch
_•~~+s, profits, inco.ne, issues and revenues shail be app~~ed ey svch Recz•~+er ac:ord:ng ro the fien or.equ~ty o1 said MORTGAGEE and the praaice ol such
Court.
8. To duty, prompt:y and fulty perform, d~scharge. excc~rc, effect, comp:ere, co~r.Fly wnh and abide by each and every the stlpuiations, agreemenfs,
;or.ditions artd covenanis m sa~d prom;ssory note and th~s mortgage s~~t 4o~rh.
9. That in the event the ownershlp of the mortgaged p~<'rnise5. or any parr thereof, 6ecomes vested in a person other than the MORTGAGOR, the
:.,^.RTGAGEE, its wccessors and ass~gns, may, wichout notite to the ;.1'JRTGaOR, dea; wrth such successor or successor ~n interest wrth reference to this
~~atgage and the debt hereby sec~red in the same manner as wi!h h!or!yago~ w,thout in any way vifiating or d~scharging the rdcrtgagors' liab~lity here- ~
~^der or upon the debt hereby sec~red. No sa'e of the F:re~r.:ses h~reby rnongaged ard no forbearance on the part of ~he 1dORTGAGEE or its successors ti
er ass~gns and no extens~on of the nme for the payrcent of tha dcb~ hc+eby secured gi.rn by the 1`hORTGAGEE or its successors ot ass.gns, a~:all operate
~ ro reiease, d~scha:ge, modify char.ge or affect tne o•ig:nal Iiau,~.ty of ti~e N.URiGAGOR here:n, either in whoie or in part.
; 10. It is spec~~~catiy agreed that t~me is of the esser.:e of th~s co•~tracf and that no waiver of any ob:~garion hereunder or of the ob!igation se-
o~red hereby shati ar any hme thereafter be he:d to be a~ve~~cr of the temu hereof w of the instrvment secured herby.
t 11. In add.r.o ~ to the boreqe ng rnonth!y p~y~nants ot p.~int ~:ai and int_•rest rcqu~red by tf~e prom ssery no'c secwzd hr~eby, mo:tgnyor covenants ~
~ ~ d agrees to pay to r~or*y~3ee v~i~h each mo:i~h'y Na,~ e~:t an ad:i rional wm esr,~vted b~ mortgagee to be equal to 1; 12 of the annual cosr of the foliow- ~
~ A-All real property taK~s len<~~ or assess_d ag3~ut th.: a!:o:r d_sc-i:,d real esrate.
? B-Fr.m:u.n: on fire ar,d w~r.dsrar•, i~wra: ce as ne:_~~~; req,;rcd to be carr~.~d en the :mr.roveme~ts s+tuate on thc above d_~scr~bcd premises.
; C-Prem;~ms o? such mort~;ge gua~anty ~nsurar ce as m0'tyayee sn3 ! f.e c ~ rr.e 'o t~me deem fit to ca~ry on the loan sccured hereby.
6lortgagee sha l from ~irne to t:~~e nos~f~ merr~egr. ~n rl~~t,rg of the an o~~t d.,e and payabfe hereundar and v~ch surn sh.il! tt~creupon be due and
~ .,,ab!e on the d~e date ef 3he „exr monthi,r pay:~ent a~~d esch success~,re mGnth rhereaffer u~.iil mortgagee shall noilfy morrgagor of a change in such ;
_^unt. Such sums sfa;I be app'~ed by mortgag~e toward the payment of real property taxes, inwrance prem;ums, and mortga9e 9uaranty insurance
. ~e.~~niums.
=z IY Y~ITNESS :'iHEREOF, the satd h1JRTGAGOR has hereunto set his h;nd and s~_al the day an year first aforesaid.
~ Signed, Sealed and ~?i'vered i'the presence of: ~ECOROEO ' -
`1 FILEO #ND ~ Seaq
~ ~ , Sj.tu~?E C~Ut~jY FLA~ ~ James M. McK et?er
- Ri3,EF ?011RAS ~ ~ (Seal
~ 2C~ ~ CIF~K CtR~Utj COURT . ~ d
~ , RECORD vEp~FiEO Clauciia H. :4cKeevez i
. (Seal)
v q aH'T 1
STATE OF FLORIDA ~0V t~" ~O ~O 21956~/
s.;
w
: JUNTY OF SLi~~1C1Q r
1
F Before me personally appeared _ .IaIDeS M MeKeever ~ ,,,d
~ _ Claudia H. McKeever his w~fe, to me weil known,acK~ kr(~yrn 1 rrr to be
M !ne ind~viduals described in and who executed the foregoing inslrument, and acknowiedged before me that they e:ecuted'-tfi! w~`i~ f t ~
= rherein expressed. And the said__ CIBUC~ld McKeever ~~~~~M'~~
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r.Ne of the sa~d _ JaIDeS N;._ [~cKeever sg t$~nti,QiivaM
e=am~nat~on by me taken separare and apart from her sa~d h~sband, acknowtedged to and before me that she exetuted sa" • inl~~Drpe 1~ ~i 'xOlyrr
j ranly and w~thou? any compulsion, constraint, apprehen,sI~on~! r fear of or from her said husband. ~ .
~ VlITNESS my hand an~ offic~al seal this_ day cf_ NOV@ r .~-:~~q_:_~i_
~ . ~ ~ i
" ~ . c ~ : ' i
~-~L S.~ ~ ; ~ , ' Z {
~lotary Publlc in an for the State 6{ flori$~qt lal~ ~4~' ~
M Comm~ssion ea ires. q r {
r P ~ '%,ti1 ~5. ~
Retum io: ~ s ~Y
' First Federal Savings 3 Loan Associat:on ~
"e ~ `
Of Fort P rrce - 7`1
= Fo~t P~erce. Florida
- i
This Instrument Prepared By ~'ichard K. Kayes ~
First Federal Savings & Loan Association . ~
of Fort Pierce ~ Florida ~
Checked By,~._--_ P~I~E~.467
:w~; 1 j s