HomeMy WebLinkAbout2506 3- To p,ace end cont~nuo~i:y keep on +he tu~ d~ngs r.o~ or hereafrer ~~t~a~e un si d fsnd and on a+: aqu~~:~~ent a• d personaliy coverrd b~ t~~~+ rno~
age, w'.~h alt p~en,wms tharon ~.ad :n i~:~, f~re ~ns,;~a,:e n rhe V~Jd~ s~a~~a+d No~c~ fo.m, in s s~m a~.pro.ed b~ rhz htJk•~-.:,:E. a•,d ..,~Juo
~~svronca in the utual are^da~d pm.cy fo~m, in a sum s~pro.ed b~ the h1JRTGAvEf, in fuch co~•Hany o~ co•r; ar..es as rhe h',02iC~Av[E'
. dnecl; and all lire and w~n;~storm insu•arce poht~ea on eny o( ta~d bu~,d ngs, any in~eirst thereen or pa~t rh_-reof, in the ag~~ega+e s,.~~+ eto~e»~d
in e:cess thercof, s~~alt :onta~n the usual s+a•~as~d mO~tgog2d c:~~se w wch othm c~a~se ss the Mor~gagee ~~ay req.,•re, ~~a?~~g tt~r ,osa undrr s~ d po
c~es, each and every, pa~~b!e to sa~d A~ORIvAGEE et ~ts ~ntar•st may appear, a~~d each ar.d ewe~y such po~~cy sh.~:t 1x proR:pr.y ass y~~cd ard de.~.r~•~d
any hetd by sa~d h!ORIGAGEE as fureher security ro sa,d n o~~g~ge d~•ot, a~:d, no~ ~ess ~han ten (10; days ~n ad.n::ce of tn~ exp~.,~w:~ of each po ,cy, to d.
Lvar to fa~d MORTGAGEE a renewa~ the~eof, togr~hrr v~rth a rrce~pt for the p~e~~~wm of such ~er.r+~e:: and thrre sh,~:; be no i,te or ,n~:~cs~c~~~ ~:uwanc
placed on any of sa~d bu~ld~ngs, any i~rcrest there.n or Fart thereci, u:~'ess ~n ihe (orm a~~d w~th fhe ~oss Fayo~:e as aEcresa~d; a~ d ~r. the r.er.~ a~y s:,~
of money becomes payab~e under s~ch poiicy o~ va~ ~~es sa~d MORTGAGEE sh~lt have ~he op+~on ro~ec~~.~e e"d app.~ tn~ ~ame on a:co~:~f of the e~~da:.~ed
neis sec~red he~rby or ~o perm~t aa~d MORTGAGORS to recr~ve and use it or a~y pa•+ ih~~~cof !o. ec~.•.•r r.,,+: ~e~•s :..r~ ~~r ~h
~ng eny equ~ty, I:en or ~~ghr under or by v;rr~e of th~s n~o-ryage; a~d in the event sa d MORTGAGORS ih~!1 :o~ any reason fa~! to korp ihe 3a~d p~e~~~s~~s so
~nsured, or fa~l to de:~ve~ pro~nptly any of aa~d ~oLC:es ol ~nsurancr ~o aa.d MORiGAGEE, o• fa~: p:o~np~:y to pay fu.~y an~ p•e+~.~•n sncrr!o~ o~ a~r
respec~ fail ro perfo~m, d~icha~ye, eaecute, ef!ect, comp;ete, comply w~rh and ab~de by ~h~f COV2~ar.t, or dnr port ha~eof, s•+~d N,~R?~:,G'_E ~~ay F ace a o
pay (o~ such insur,,nce o~ any pa.t thr:eof w~Thout wa~v~ng or affecting any oy~~on, iien, equ,~y, or n~hf undr. o~ bj v~rtue of ~h~s .~!ory~~e, ar,d the
fuil amount of each and e~e~y such paymem shall be ~mmed~ately due and payab:e and aheil bear interest trom tha date thereof untd p~~d ai tne rate o}
•v~~e per cenwm per ann~:,, ond to~rthrr w~ih such 1nt~•~esr sha~~ be srcurrd by the Gen of th~s morrgage.
io permit, commit or w4fer no waste, impa~rment or deter.orat~on of sa~d property w any part tF.e~eof.
5. To pay all and singular the coets, charges and eYpe~sea, ~ndud~ng a reasonable atro~Rey's fce and costs of absnacts of t:tle, incuned or pa~~ at
any rime by sa~d MORfGAGEE, becavse a in rhe event of th. fe.iure on ~ne perf of ~he sa:d MORTGAGOR to d~ly, p~ompNy a~d fu:Iy pe:form, d~xn~~gr
exec~te, e(iect, canptr~e, co~nply w~th and a5de by each and every ihe snpu!at,ons, agreen,enrs, co~da~ons, and covenarns of s.~~d pro•n.stoi~ nor>_ e~~d
mortgage any or e~~her, and sa.d coses, charges and expenses, each and e+ery, ena~l be immed~atety due and payat:t; v.herhe~ or no~ there L•e nor~ce dr
mand, attempt fo co:iec~ or wit pend.rg; and the f~:I a+rouro of each and e+ery such parment shell oea• ~nfarei~ from ~he datr fnerrof un+i~ pa~d at the
r.,te o~ n~ne per crnwrn Ner an~~u»; and all ae~d tosts, cna~ges a~~d ca~;e~~ses incurrrd or pa~d, togeti~er w.th wcF, interest, shall be setured by the Len of th,f
morf9ags.
A. ihat (a) in the event of any breach of this Mwtgage or defa~l~ on the part of the MORTGAGOR, or ~b) in the event any of sa;d sums of mo~ey
herein refened to be not promptiy and f~!ly pa~d w~th~n th,rt~ ,30; days nex~ a~~er the same se+e~a'ty beco~~e due and payable, wirhouf de~.~and or nonce,
or (c) in the evem each and every the sripu!aa~ons, agreeme~vs, cond~t~o~s and 'ovenants of sa d prom.~ssory note and ih~s mo~tgage any or a~he~ a~e no~
i~!y, prompNy and f~Uy performed, d scharged, executed. effected, canpfeted, compi~ed wrth end ab~ded 5y, tF,en ~n euher w any such evem the sa:d a9
gregate wm menhoned in sa~d prom~ssory note then re~na~nmg ~npa~d, wirh inrrre,t accrurd, and a,l mone~s xcured hereby, shall beccme d~e and pai-
ao:e forrhwith, or thereafre~, at the option of sa~d MORTGAGEE, as fvify and comp;ere~y as ~f all of N,e sa~d s~ms of money wrre or~g~ne~ty sr,p~,afed
ro be Fa;d on such day, anything in sa.d pro~r~ssory nore or in this Mortgagr to Ihe conrrary notw~thar~nd;ng; and thereupon ar thereahe~ at rhe oFt.on of
sa;d MORTGAGEE, winc~~t not~:e o. demand, w~t at iaw or in equuy, fherefore o~ thereairer begun, may be prosECUted as ~f all moneys secured hereb/
n::d matored pnor to as ~nstitunon.
7. Thot in the event that at the beg:~n~ng of or at any time pend~~x~ any s~~t upon th~s Mortgage, a to fwectose it, or to reform ir, or fo enforce
~ayment of any claims he~evr.der, sa~d 1dORTG:.GE~ sha,l apply ro rhe Co~r~ hav~ng ~~nsd.a:o~ the~eof for the appo+nt~nent of a Rece~ver, wch Court shail
fcrthwiTh ap(winl a retei+er Of sa~d mortgaged propert~ ai: and singular, incivd ng a~l and s•~~gu~ar the inmme, prof~is, ifsue3 artd reven~es from whate+er
u~•ce derived, each a~d e~•ery of wh ch, rt be:ng exp:ess!y ~nderseood ~s ter:-by morr~i~~d as ~f spec fica!!y set fo~+h a~d descnbed in the g~am+ng ar.d
habendum cla~ses hereof, and suc~ Rece~ver sha~, have al~ the b~oad and e~tec'~ve fune o~,s and powe+s in anyw~se entrusted by a Co~*t to a Rec~iver, a~:d
s_ch appo~ntment shall be made by s~ch Co,rt as an ad~~tr~d equ+ty and a mat~e~ of atsa~re nght ro sa~d MORTGAt'iEE, a~d w~nc~~t refere~ce to the
adeqvacy or inadeq~aty of the va'~e oi the proprrty mo~+gaged or to ?he so.ve~ry or ~nso::enty of sa:d MORiGAGOR o~ the dcfer.da~!s, aad That aoch
rents, proi~ts, inco~ne, issues ar~d tevenues sha~~ ~ app+.ed by such Rece~ver accerd,ng to ri,e lien or eqv~ty of sa~d MORTGAGEE and ti:e pracrke of such
Court.
8. To duty, prompt!y and fu:~y perfo~m, d~scharge. execufe, effect, comp!ete, com~.:y w~~h and abide by each and every the st~pulations, agreements,
conditans and covenants ~n sa~d promnsory no!e and th;s merrgage sef for;h.
9. That in the event the ownership of the mortgaged prem~ses, or any pa.t thereof, Eecomes vested in a perwn other than the h10RTGAGOR, the
:'ORTGAGEE, ib successora ar.d ass~gns. may, wrtho~r norke to ihe V10RIGAOR, dea: va~th such wccrssor or successor in interest w~~h reterence to th.s
morigage and the deo~ hereby secured in ?he same ma~r,er as wah !~lorfgagor wJrhout in any way vit.ati~ or d~scharg~ng the Nlortgagori tiabi+~ty her~
ur.der ar upon the deb~ hereby secu~rd. No sale of the p~em~ses hereby mor~gaged and no forbearance on rhe pan oF the MORTGAGEE or its successors
or assigns a~d no ea~ension of the t~me far ~he payment of tFe debt hereby secwed g~ven by the h10RiGAGfE or its successors or asrgns, a:~afl operate
ro rNeaae, d~scharge, mod~ty change o~ afFect the or~g~nal i~ab~:ny of ~he MORTGAGt~R here~n, either in whote or in part.
10. It is spec~ficatly ag.eed fhat time is of the esaence of fhis contract and that no waiver of any ob~~gat~on hereunder or of the ob!igation se-
c~red i~ereby shal: at any time thereafler be he!d to be a v.•a~ver of ihe terma he~eof or Of the instr~ment secu~ed herby.
i ~
11. In add,t:o~ to ihe forego ~~g mO~thly pdym~nrs of princ pal and ~~•arest req~~red by ehe prom sscry no~e secured hrrebr, mertg3g~r covenants
~ +~d agrees ro pay to n:oatgagee v<<<h each n*ontF.~y pay~ ~ent an ;Jd.r~onjl sum est areu' br morrg~gee ro be equa; to l, 12 of r~e annua! cosr of rhe foliow-
F
~ A-All real property taxes lev~ed or assess_•d aga~•~:! rh~ above desc~~b~d r,al es!ate.
~ B-Prar:..,,,+s o~ fue and wir.dsrorm ,nsu~arce as nerem requ.red to be ca.r~~d en the :mp~ovemei~s s~tuate on the abov~ d=scnbed prem.ses.
~ C-Prem;u~~~s on s~ch mortg>ge g~a~anty fr.sura. ;e as morrgaqee shall fro^~ Yme ro fime deem f~t to carry on fhe toan secured hereby.
~ ?llorrgagee sh, i E•cm thne to rrne ne~~fy mortgagor ~n wr~t~ng of the a^~o:,~t d~e and payab!e hereundrr and such au~~ sha:t thcrzupon be d~e and
' ;+,able on thr due d~te of the n~xt monrh.y payment and eech success~ve :.;o^:h tne~eatrer urni: mortgagee sha!: not:fy mo•ty-agor of a cF.ange in svch
~ - ount. Such sums sha.l be ap~::;rd ~y mo~tgag~e to+vard tne payment of reat property taaes, inswa~xe prem.~ms, a,~d mortg3ge gua~ar.ty insurance
;-~•emiums.
4
~ IN WITNE55 YJNEREOF, the sa~d MORTGAGOR has hereunto set his F.and and seal rhe day and year first a(oresaid.
~ Signed, Sealed and deliv red in the presence of: ,1 ~ ~ ~
~
'r (Seel)
~ Walt z David Lundy~ Jr. ,~a~~
~
~ - (Sea~)
~ - - ~/lOld 1.11DdY (Seal)
~
~ SATE OF ~e~ I(entucky ~
1 S5.
~ C.:UNTY OF 7~ (
Waltez David Lund Jr.
Before me penonally appeered _ y~ tnd
~ __~/lOla lundy _ h~: wiie, to me well known and known to me to be
,'rx+ rhe ind~viduals descr~bed in and who executed the fwegoing instrument, and ack~wwledged before me tnat they executed the same for the purposes
~ rhere~n exprcssed. And the sa~d_ VlOld Lundy
i .+!fe of the said Walter David 1.1~1'1d~/~ .~Z. vpcn a separate and private
~ r,emtnst~on by me saken separare a~d apart from her said husband, acknowicdged ro and before me ihat she e:ewted said instr~ment irealy and volun-
~ ~~-~iy and w~thout any compvlsion, constraint, apprehens.on, or fear of or from her said husbar.d.
WITNFSS m hand and off~c~al seal !h~s_ ~
Y - LS daY of-- F@bZt~aZy - A. D. 19 72
- - * . • . -
_ No~ary Pub~~c in and for the State of-~ ~t large
_ My Comm~ssion eapires: a~ .
Retum To: ~
f'u~t Federal Savings 3 Loan Associat,on ~ ~ 3~ ~ 9,~
Of fo:t P ercr '
~n Forr P~rr<e Fi~r;d~ -
f ~EO AMD NECJROEO : ~ .
s~. L{ICiE COUNIY f l~ ~ _
•lIOCEA POITRUS . . .
> This Instrument Prepared By John W. Collins CLERKCI~CUif~~UR 1~ -
First Federal Savings 8. loan Association P.ECOROVEa~F1E~~
of Fort Pierce ~ F lot id~? ~e ~ pt1 ~it
~a ~ r~
Checked BY - - r~
l~r~`3~ I
F cR~ t~?c,~~~?~J
- - r :
. , -