The URL can be used to link to this page

Home My WebLink About1262 3. To place and continuously kcep on the bui'dings now o? hereafter s~tuate on said land and on al{ equipment and personally tovered by this ma ~ga, w~th all prenu~ms thrreon pa~d in full, h~e insurance in ~he us~al s~m~da~d pol~cy fo~m, in a sum approved by ~he MORIGAGEE, and windsto Inwrance in the usual s~andard pof,cy form, in a sum approved by rhe MORTGAGEE, in ~uch ca~~pany oi companies as the A102TGAGEE m d~reu; and ali fire and wfnds~orm insurance po1~c;ES on any of sa~d build~ngs, any inte~est there~n o~ pai~ lhereof, in the aggrega~e sum aforesa~d in excess tAereof, shall comain ~he usual standard mongaqee clause a such other tlause as the Mor~gagee may requ~re, making rhe loss under sa~d po c~es, each und every, payab!e ro sa+d h10RTGAGEE as ~~s intarest may appear, and each and every auch poi~cy ~hall be promptly aas g~ed a~~d de~ivrred ~ any heid by sa~d f.',ORIGAGEE as fwther szcurity to said n;o~tgage drbt, and, not lesa Ihan ten (10) days in advance of the expirat~on of each poGcy, to d~ I~ve~ to said MORiGAGEE a renewai thereof, foge~htr with a receipt fo~ the premium ot such renewal; and ~here sha;l tx no frte or windsto~m iosuranc placed on any of sa~d buildings, a~y imerest there;n or parl thereof, unless in ~he (orm and w~th the losa payable as aforesaid; and i~ the eveM any sun of money becomes paya6le u~de~ s~ch policy or pol;cies sa~d MORTGAGEE shall have ~he opt~on to rece~ve ar,d app!y the sa~ne on accouni of the i.~dabted ness sccured hereby or to perm;t sa;d MORTGAGORS to reteive and use it or any part thercoi tor o~n•~r pu~posrs, w~~no.,r th~.~oi ,r~1.i.~3 cr nnpair mg a~y eGu~ty, Gen or right unde~ or by virtue of this mor7gage; and in the eveM sa;d MORTGAGORS shall :or any reason fail to keep the said premis.-s so ~nwrad, ot fai( lo de!ivet p~ompliy any of said po~Kies oI insWaqce f0 said MORIGAGEE, or 1~i1 promA<<Y ~O pay f~lly any pre~nium thcrefor o~ in d~y respecl fail to perform, d~scha~ge, execute, effect, complete, co:nply with and abide by this covenant, or any parl hareoi, said MQRTGAGEE may pisce a~~d ~ psy for such insur.,nce or any part thereof without waiving a affecting any option, tien, equ~ty, ~r right under or by virtue of lhis Mortgage, and the f~l! an~ount of each and e.ery suth payment shall be immediately due and payable and shall brar interest from the date thercof until paid at the rate of n~ne per crnturn pe~ aonum and together with such interest shaii be secured by the lien of ih~s mortgage_ , 4. To permit, commit or suffer no waste, impairment w deterioration of said property or any part thereof. 5. To pay all and singular the costs, charges and exprnses, inctuding a reasonab(e attorney's fee and tosts of abstracts of title, incurred or paid at sny time by s~~d MOR7GAG.E, because or in the event of the failure on the part of the said MORTGAGOR ~o duly, promptly and fully periorm, d~scha~ge. exccuie, effect, canpiete, comply w~fh and ab:de by each and every the stipulat~ons, agreements, condilions, and covenants of sa~d prom~ssory note and :his ~:orrgage any or e~nc~r, and sa:d costs, charges and expenses, each and every, shal) be immediately due and payable; whether w not ~here be notice de r.,and, attempt to colleU or suit pendmg; and the full amouro of each and eve.y such paymen~ shall bea. inreres~ from the date thereof until paid at the ~e o+ n~~~e ue~ c~~nrum p~r annum; and aH said costs, charges and expenses incurred or paid, togcther wuh such interesf, shall be secured by the lien of thi~ ~'~ortgage. 6. That (a) in the event of any breach of this Morfgage or default on the part of the MQRTGAGOR, or (b) in ~he eveM any of sa:d sums of money herein referred to Ih: not prcmptiy and fully paid with~n thirty (30) days next aftar ~he same severa'!y become due and payable, without demand or notice, or (c) in fhr e.ent each and every ~he stipulat~o~s, agreements, cond~tions and tovrnants of sa;d p~omissory note and th~s mortgage any p~ e+ther are not i~ly, prompNy and iutly performed, dacharged, ezecured, eifected, completed, compGed with and ab~dcd 5y, ~hen in e~ther w any auch evem the sa~d ag ~:c9ate sum ~.ention~d in said promissory note then remaining unpaid, witb interest actrued, and atl moncys setured hereby, shall betome due and pay ao;e forthwith, or thereaiter, at the oprion of said A10RTGAGEE, as fully and complete~y as ii atl of the said sums of money were a~ginally st~pulated' to be pa:d on such d~y, anythirtg in sa:d prom~ssory note or in this Mortgage to the conrrary notwirhstand:+~g; and ~hereupon or thereafte? at the option of . ~,~~d h10RTGAGEE, without notice or demand, suit at law w in equiry, thereiore a thereaite? begun, may be prosecuted as if all moneys secured hereby n.d matured pr~or to As inslitution. 7_ That in the event that at the begin~;ng of or at any time pending any suit upon this Mortgage, w to foreciose it, or to reform i1, o? to enforce f'ayment of any claims hereunder, said MORTGAGEE shall appty to the Cour~ hav~~g j~~~sd~ction thereof for the appo~rome~t of a Receivet, such Court shail fcrthwirh appo~nt a rece~ver of said mortgaged property a!I and s~ngufar, includ~ng a+l and singu~ar the income, p~of~ts, issues and revenues from whate~er sourte derived, euch and every 4T which, it being express~y understood, is hereby mortgaged as if specitically set foilh and destribed in t~e granting and habendum cla~ses he~eof, artd such Receiver shall have all the ~road and effective funCtrons and powers in anywise entrusted by a Cour1 to a Receiver, and s_ch appointr.ient shall be made by such ~ourt as an admitted equity and a matter of absotute right ro said MORTGAGEf, and withou? reference !o the ad_quocy o~ inadeq~acy of the vatue of the property mortgaged or to the soivency or insotvency ot said ARORTGAGOR w the defendants, and that such r~_>•,rs, prof~ts, inco.ne, issues and revenues shali be applied by such Receiver accord~ng to the lien o~ equity of said MORTGAGEE and the prattice of such Court, 8. To duly, promptJy and fulty perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, ~onditions and covenants in said promissory note and this mwtgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a pe~son other than the MORTG4~GOR, the .'~RTGAGfc, irs successors and ass~g~s, may, wi~hout nmice to the MORTGAOR, deal with such successw or successw in imerest with reference to this o•tgage and the d:ot hcreby secured in the same manner as with Nlortgagor witho~t in any ~vay vitiating or dixharging the Mortgagors' liabilily here- der or upon the debt hereo~ secured. No sate of the p~emises hereby moitgaged and no Forbearance o~ the part of the /AORTGAGEE w its successors er ass~gns a<<d no exfer.sion of the time for the payment of the debt hereby secured given by the MORTGAGEE or ;ts successors ar assigns, a~~all operate ~o re+ease, d,scharge, modrfy change or affect the orig~nal liab~lity of ~he MORTGAGOR herein, either in who(e or ~n pait. 10. N is spec~f~ca~ly agreed that time is of the essence of Ihis contract and that no waiver of any obligat~on hereunder or of the obligation se- cured hereby shaL ar any time thereafter be held to be a waiver oE the terms hereof w of the instrumenl secured herby. 11. ~n „ud t~c~ !o the forego ng momhly payments of princ pal and interest requ~red by the prom~sscry no!e secured hereby, mortgagor covenanfs d agr•~cs ro ;~ay to mertgagee v.ith each monthfy payr.~ent an add~~ional sum est:r.:ated by mortgagee to be equal to 1, 11 of tfie annual cost of the fo4o~v- A-All reai Yroperty ta~es !evic~ or assessed aga~•~st the above described real esrate. 6 Fr ~,~,!ums on fire and windstorm insurar.ce as herein requ;red to be cariied on the imYroveme~ts s+tuate on the above described premises. C-Vra::,lv~rs o~ s~~ch mortg:ige guaranty ir.surar~~e as mortgagee sha{I from r'me to time deem fit to carry on the toan secured hereby. 1.".orrg;q~e s'~a:t frorn rim~ to time nafily mortgagor in writ~ng of the amo~nt d~e and payable he~eundrr and such sum shaH thereupon be due and .;ab!e on ~he dve dar.~ of ~he next moMh~~ payment and each successive momh ther?aft~r ur,til mortgagee shall notify mortgagor of a change in such ~ OJfI!. SUCFI su:ns s~ a:l be app!ied by mortgagee towa:d the payment of real property taxes, insurance prem:ums, a~~d mortgage guaranty insurance ,"e~niUmS. N~~ITNESS :VHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and ear first aforesaid. Si n Seafed ard deliv presente of: ~ ~ ~ (Sealj sep M. Kelley ~~s~ -G a~~ 1 abeth F. Kelle ~ai~ S~ATE OFfLORIDA ~ CJUtdTY Of St. j..L1Cle 1 Before me personally appeared Joseph r1. Kelley a~ _ El izabeth F. Ke12ey his wife, to me well known and known to ~rhe''tp be ti,= intiividua~s described in and who executed the foregoirg instrument, and acknowiedged before me thaf they executed 1he same for the purpo~es ~~e'ein expressed. And the said Elizabeth F. Kelley ~ rr;fe o~ rhe sa;a __JQ.~nh M. Kelley ~ u a.3e~ ~ rate arid~Private ~,•am~nar~on by n,e taken separate and apart from her said husband, acknowledged to and before me that ahe executed sai~l ' trume~~eely ard ~elur~- '~:~iy and without any compvtsion, constraint, appre~~n, qr fear of or from her id husbartd. ; ~ WITtVESS my hand and offkia! sea! this _ day of $e tP.~ ~ ~ b~ ~72 = t~ t y PubGc in and for t114~tat ~~p~~uRGE Commission expires: ~ AR . Ret~m To: MY C ~ n. ~jY~:(~S~~ECti? 29 1915 Fi~st Federal Savings b Loan Association ~~p ip~~ dppa~~~,~;~~i~.~'~~ Gf ~o~t P.trce. _ Fort P~.s:e, ficrida f 1E011N0 RECOR EO s~. ~ucrE couNTr gu. ROCf R POITRAS L ~ CIERK CIRCUIT COURT This Instrument Prepared By John W. Collins RFCOROVFRiF1E0 First Federal Savings 8~ Loan Association ~ - of Fort Pierce ~ Florida ~ 2 se PH 7t Checked By 23~i 18~ ~;K 'r;, f ~~f~r 2UU 1?59 js - - - - - . ~ r,~