HomeMy WebLinkAbout2003 3. To p:ace ond conr;nuou:iy l~eep on ihr b:., ,i~~~ge n~ti or he~ratter ~nuete on :a~d land and on a~ eq.~~pr,ent a~d penonally covered hy th~~ mc+~
eae, w~ih ~il premwms thr~eon ps d ~n i;,.;, i~re un,. e~~cr ~n i~~e ..s~al s:ondard po'~cy form, in a i;:m arpro+ed by ihe MOR~v%.GEf, a~~d w~^dsto
~~s~rance in the usual s+anda~d pot cy fo~m, ~n a wm a~pruved by rhe A50RTGAGfE, in su:h con~pa~~y or co~r+pan,es as the k•O~i'vAGEE m
d~r«M •nd all Gre and w~:ndsrorm insucanca po:~c~es on any of sa~d b~,~id:~qs, any inreres~ ~herein or part thrreof, in the agg~eqare s~m •foresa~d ~
m eatess therrof, s~all :ontain tne us~at sra~~dard morfgegee c,ause o~ auch other ~~a~se as the Mor~gagee may req~~re, mak~ng tne :oas un~r s3:d po
:,ei, each a~d every, payab!e ~o sa~d A1JRIC,AGEf as ~~s ~n~er.st mey appear, and each and every wch ~~,cy shail be prorcptiy ass gned s:~d de +~rrrd
any held by aa~d MORIGAGEE as funher srcuc~ry to sa~d monge3e drbt, and, not iess ~hen ten (l0i d~ys ~n advarrce of ~F,c exp~~et~on u~ each pot~~y, ro d~
i,~er to aa~d MORiGAGEE a renewai 1f,ereof, toge~her wnh a rece•pi tor thr p~rnwm of s~ch rene+«aL and ihere shall be ~o f,re o~ i117ym ;~suranc
p~aced on sny of sa~d bu~ld~ngs, any ;meres~ tnerem or part thtrirOl, un:esi in the form and wrth ihe Ioss payabte as a{a~esa~d; a~d ;n the evem any sun
o+ ~ty kxcoTea payab~e under s~ch pol:ty d pol~cies sa~d MJkTGtiGEE sh: haae the opt~o~ to recr+ve snd app'y tne sa~:~e on aauu.n o! 1he indebted
neas secured hereby or ro permit sa~d MORTGAGORS ~o recr~ve and use i~ or any ~~,~rt »~e.e~} ic. o~n~_~ i;~r:;,ses. .v.+L~,;' ~hr~~.~, ,nz,",3 c~ ..•~p.,,r
any ta~rty, lien or ri~ht undcr o! by virr~e of th;s mongage; antf ;r. thr even+ a~,d M'JRTGAGORS sha!I `or any ~eason faii to Eeep ~he sa~d p~em~ses io
•~svred. or /a~f lo de:ivtr promptty eny of sa~d pol~c+es of ,~:su~a~~ce ro sa.d MORTGAGEE, or fa~: promp!;y to pay f~:;y any pre ~i~~ n theretor or ~n a~y
reieect fai~ to perfwm, d,scha~ge, exe.utr, efiec~, tomplere, co^:p;y wrth and a! ~de by thls covenart, or sny part hareof, sr~d MGRT;~<~GEE may p!ace a•o
pay for such insurance or eny pa+t thereof wrthout N'd~W!19 0~ affecn~~ any opt~on, uen, equ~ty, or ryht unde• or by vi.rue of rh;s kc~r~3g~, and iAc i
•~.i amount of each and every such paymem shelt be immec)~ete~y dve a:~d payab!e a~~d sha~; tx:a~ interest frcm the date thereof u~ti~ p,;~d at the rate o+ !
~~e per cam~m per ar.nu:r, and ro~~•~t:er ,,,,~~h s~ch ~nre-csr sna~ ;,e s.:.:~ed ty the 1~en of th~s mortgage. i
1. To permrt, commit or su:fer no v„aste, ~mpahr~n~ q d~lchOfaT~Jn Ot sa~d p:operty or a~y part thereof. #
5. To pay stl and sing~~ar rhe costs, charges and eayenses. i^:~ud~~~g a reascr.able arrorney's fee and cos+a of abst.sds of titie, inwned or pa~d at ~
s~r ~~me by sa~d MORTGAG~E, because or in the event of ~he fa:~~rp on ~ne cur~ of ~he sa~d MpRTGAGQR to d~:y, pro~~p~ly and 4~,ry pe~to.m, d~xha:qe. ;
e*e.ute, effed, canp;Ete, comply w~th and ab.de by ea.h and e.erY me st:p~~':at~on5, agreer.~entt, cond+nons, and covenanrs of sa~d prom,ssory nore and th~s ~
~:orrgage any or eoFxr, a~x) sa:d cosrs, charges and expenses, eacl~ and eve>>, s!utl be immed~ate!y due and payab:e; whe~her or not rh2re be nor~ce d~ ~
~.and, attempt to co!ied or tuit pend.ng; arx! the ful; amount of each and e~rry wch pa~ment sfia'.I bea~ interesr fro.~n the date thereaf until paid al the ~
•.'e o' n~ne per cenwm ~:er an:~on; anC au sa~d cos~s, cna:ges a•+d ~A;,<<,srs ,ncu~red or pa~d, toge:her w~th a~ch ;nterest, shall be sec~red by the :~en of thu ~
murtg~~..
6. Tha1 (a1 i~ tfie evem of anY breach of th~s Nbrtgage or der;u:! on th- part of t?u MORTGAGOR, or ;bj in the eveM any of sa:d sums of money
~~^~ein refrrred to be not promp~ly and fu:ly pe~d wvr.~~n ~h.rfy ,3J; ci>:s nex~ a~rrr the same seve*a'!y beco^~e due and payabk, N+~hou~ demand or noncr,
o. (c) in the event each and every the sTip~~ationa, agreemenq, ccnd.~~ons and co~enan~s ot sa d p:om~sso~y nofe and th~s mortgage any or euhe~ are nol
iviy, promptly and fuliy perfo+mnl, d.uharged, exetured. effected. completed comp~,ed v.ith and ab~ded 5y, then in e~ther or any such event the ta:d ag-
a~c•gate sum rexrtrloned in sa~d prom,ssory nere rhen rema~n:ng ~nr;,d, ,r.,~h ~nrer<•,: acc::,ed, and a:l moneys secured 'nereby, shali become due and pay~
n~,r forthWith, w thereatrrr, at the opT,on o+ se~d MORiG:.GcE, as fu~iy a~xJ tompiefely as ii all of the s3~d sums of rnoney werc o~:g~~a:ly st~putated
ne pa~d on such day, anything in sa.d prom~s:ocy note or fn ti,is Mo+!gage ro rh~ contrary nora,irhstand~:ig; and thereupon or fhereafter at the opt~on of
s- d MORTGAGEE, without nonce or demand, suit at !aw or in equa~, the~efore or tnereairer beg~n, may be prosecuted as if slt moneys secur~d hereby
~ maturtd pr~or to ~ts inst~tution.
7. Thar ;n the event that ai rF,e 5ea~~~~~o of or at any t~me pend,~~~ any surt upon th~s lltiertgage, w to foredas~ it, or to reform it, or to enforce
c.~.ment of any daims her~unde~, said MORTG~GEE sha`~ ap~ ~y to ihe Co.:~! ha~~~:g ;~•:sd.cr~on ihc;eot for the appomtment oi i KCCEtvH, sucn tou~i sne~i
rhwith appoint a receiver of said mortgagcd prop~rty af: a~d x~ngv:ar, in:,~d hg a.l and s~.~~u~ar tne in[ume, proi~ts, issues ard revenu~s lrom whatever
sr.cce der~ved, each and every ef wh:ch, ~f be,n9 eipr,•ss'v +:nde~s~o~ ~s t:ercny mOr~~a^yed as ~f spec~fica~iy set fonh and desaebed in tht grannng and
r.,:~endum tla~ses herepf, ard such Rece~ver sha:, havr a:; tne L';.dj a•:d r'fec•.,e 4~~~~.;, :s ana powers in anyw~se emrusted by a Co~rt to a Rece~ver, a~d
s.:~ appointment shaii be made by such tou*t as an ad-~irr~d eq.~:!y a~.d o natter o? aLsa.,re nght to said MORIGAGEE, a~ w+rhouf reference to 1he
e.•eauacy or inadequacy of the vaive ef the G~ope~ty no-rg~ged or tc fne s~.r~cy o~ ~nso:.e~cy ci sa~d N.OQ~GAGOR or the defendanss, and that such
~s. pro+;ts, incane, iswes and reveRVes sha~~ be app~~ea oy s~ch kec~•~.•er accord.ng io rhe hen or equ~ry of sa:d MORTGAGEE and the pracr,ce of such
i.J~lrt.
8. To dv'y, prompt!y and fu~~y perfo~m. d~uharge, execute, eT`e:t: comp:~Te, cor~p:~ w~th and ab~de by each and every the st~pvlations, agreements,
:~~drt~ons and eovenants in sa~d promisso: y no~e and tn s~~~ort~aae se~ fo~th
9. That in the evPnt ~he owne:sh~p of th> mort~aged pre~,.ses. o• a"~ part tnereof, becomes vested in a pe+son other than the MORiGAGOR, the
•.'~R7~,A~EE, its successon and ass~gr.s, may, w~th~~~t r.~~,:e to 1'lf •Y.ORf~,i~.JR. CIBd~ Wnh ~uch successar o~ successor ;n i~~erest wi~h reference to th~s
~•tgage and che debt hereby sec~red in the same n~ann~r as w~~h t.;;;r~g;g~• w,eh,u~ in any way vii:ating or d~scha~g~ng the l,dorrgagors' liaoitity here~
- ~e~ or upon the debn c~re6y sewred. No sa~e of ~h:e ;•e~-.:s~s h,:en~ mo++gaged o~d no forbearance on the pa~t of tne JAORIGAGFE or its successors
ass~gns and no earens~on o4 the t~rne for the payme~t of the d~b+ r.r-et:y sec~.ed g~~en by ihe MORTGAGEE o- its successora or ass,gns, a~:all operate '
:*e~eese, d~scharge, mod~fy ~hange or affect the or~g:na! i,an.,:ry o.' in- M.CR:vAGOR herein, either in v~hole or in part. t
; 10. It is spectf;~ally ag•eed ~hat time ~s of the esse-ce ef Th~s cc~,!racT and rhat no waive. oi any ob!:gar~on hereunder or of the obligation se i
.r~d hereby shali at any time rhereafter be he:d to be a wa~Yer of thr terr,s F~e~ec! or of the instrument secured herby. ~
~
I l. In acid t~o~ to the to:e~~ moarh'y ~?dYT.~Mi cr and •es* requ~red by the pro^~ sscry re~e secured ha•eby, mo:tga~or eo+enants
F ~ agr~s ro aay to mortgagee v.~rh eacn r:or,~h y pa~~ en+ en ad:;. ,or,a! s.,-~ ~-sr - afccf b~- mor:g3~ee to be equa+ ro 1 t2 of t;ze an~:,,al cost of the foiiovr-
't
~ =
A-AH real property taxes ie~n~d or ass^ss,d ag~~ ~s• th. acove dzs^i~•cd real esrate.
B-Pr~•^:~~^.:S on f~re and a~~^ds-o-m ~r.sv~a~-ce as i~e~~~n rcq~„r.~d ;o be car•~e~~ cr, tne ,:roveme~ts s~tuate on ihe abovc dascr;~d prem~ses.
{ C-P!°TIUf'i1 0~ such mort3aoe guara~ty ir.sura~.ce as mo~t~agee sha'+ ?rcT t.rn.e to 1u11Q (jEfT fit to tarry on the loan secured hereby.
I1M1ortgaqee s'~a !'rom t~r,,e to rm~e ncr~f~ marrcagor ~n ~.;±,r~q ai the r•~:o.-~t d,,e and paya5~e he~eundar and s::ch su-n shall the:eupon be due and
,oble on the due cate of the n_,t ~~,pnth.~ pay•~.cn• a~:d e~c'~ ;uccess~Ye ~~o^'h rhereaE!er ur.ii: mc~tga~ee sha:l not:4y mo~t~agor of a~hange in wth
~~~nt. Such s~ms s~.a.i be dpF~.~e~ by mortgag_e ~oward t'r,e pa~ment of iea: property taxes, insu:ance prem:ums, a,id mort~age g~aranty insurance
. _ ~~~iums.
. IN Y~IiNESS WH~REOF, tne said MORTGAGOR has hereu~eo se! h~s ha:.d and seal the day and year first aforesa~d_
Signed, Seated and delivered in the presence of: _ ,
- ~ ,~")j ~ ~ ~
22L~ti j .~Et~f~ t5eal) ~
+ ' ~ ames . ez
~ , -Lc~~.~ i
~ C au ia . . ~ eever ~`a~~
tseal)
~
_'=.TE OF FLORIDA ~
~~UtJTY QF St • LLIC le SS.
1
Before me personaliy appeared JameS MeKeever a~
Claudia H. McKeever
his w~fe, to me well known and known to me to be
n_ individuats desc~bed in and who executed :he foregoing instrument, and acknowSedged 6efwe me thaf they executed the same fw the purposes
rh~rein e~pressed. And the sa~d_ C10Udla ~I. MeKeever
~e of the ,a;d _ James ~1. I~C~eQVQZ upon a separate and private
; e.eminanon by me taien sepa•are and apart from her sa~d hosband, acknowledged to and beforc me that ahe executed said instrumer,t freely ar.d voiurr
a~:iy arsd w~thout apy compu!sion, constraint, apprehens:on,,or fear of or from her said busband.
7`~`` J nua 72
WITNESS my hand and offic;a! seaf th~s- _ day o! A. D. 19
~ ~ i_ ~
Notary Public in snd fw the~tate pf j~'~ ~
My Comm~ssion e~cpires: ~ - .
Return To:
First Federal Savings S Loan Association ~ J:'r"~~ ~ .
/C -//-Ji~ .
Oi Fort P ~..ce ~ ~ . . : . -
Fort P~erce. Fior~da f~~~F Cvtl~j
r~~~D - .
~ , •'A~S ' '
RfrLF
kaGf r ? r _ ~OURt . - .
_ ' ~ C , _
This Instrument Prepared 3y RiChazd K. Kayes _',L'O , `
First Federal Sav;r,os 8~ toan Association ~ 29 PH ~lz
of F~rt Pierce~ Flori~
~Z840
Checked By ~
i
eO~K~~ PAC~~~
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