HomeMy WebLinkAbout0953 3. To place and cont~nuously keep on the b~l'd~ngs now or he~eafrer a~euate on sa~d land and on a!i ~quipmant and personally tovered by this mor~g-
age,,wirh alt p.en,~ums ~hareon pad ~n f~ii, I~re ins~rar.ce ~n ihe usuat s~~~~ard pollcy lo~m, in a e~m aFproved by ~he A10R~uAGEE, and windstonn
~nsurance in the usuat sTandard po:.cy to~~n, ie a s~m appro~ed by the MORTGAGEE, in such co~npany or co~rNan~es as the MORTGAGEE may
d~rec~: and all tire and w~nd~~orm ins~rance po~~ues on eny of sa~d b:,~id.ngi, any in~e~rst ther.:in or pa~t thr~Cof, in the aggr.:yate sv~n a}aesa~d u
in eacess Ih:reof, shall conr;,in the usual sta~~d~~d mo~tgagre cia~se or such other dause as the Morlgayee may req~,re, maling tna ioss unJrr sa.d poli-
c~es, each and every, payablr ~o sa~d A10RTGAGEE as ~ts iroarest may app.:ar, and each and ewery auch po::cy shatl l;e prompriy ass gr,ed ar•d de:~.rred ~o
any keld by sa~d MORiGAGEE as funher sec~r~ty ~o s.~~d n:ortgege debt, and, not less than ten 110I days in adcance ot thr expirotron of each poGCy, to de•
Gver to said h10RTGAGEE a renewal therrof, toge~he~ wilh a receipl for the pramium oi suth renrwa!; a~d thrre sh~ll br no f~re o~ w'u~dstxm inaurance
placed on ar.y of said bui!d~ngs, any intarest there~n or parl thereof, un!ess in tFx ~orm and w~th the ~os~ pey~b!e as aforesaid; and in the eYent any sum
of money becomes payabte undrr s~ch poiity or poLcies Said MORTGAGEE sh~ll have the opt~on to rrceiva and app~y the san~e on atcounl of ihr i~~d..~Lt~d•
neis Secu~ed heieby c+r ro permil Said MORTGAGORS to reteive and use il a any pa~t thr+~of ior otn•r p„r;:os~s. ..~ih..:t th..~~r .v.:~.,~3 .:r ~•~+p~~~-
;ng any rqu~ty, lien or righl unde~ or by virtue of this morrgage; and ~n the evam sa~d MQRiGAGORS shall fw any reaiun lail to krep the sa~d prem~s_s so
~nsured, or fail to dei~rer promptly any of sa~d pofc~es of inwrance to sa:d MORiGAGEE, or f~t! promptty to pay f~.ly any p~e~~~~.,•n tn_refor or +n a~y
respect fail to perform, d~scha~ye, e:~cvtr, ~ffect, canplete, comply wi~h and abide by th~s cove~an?, or any pan h~reoi, sa:d MGRiGAGEE may piaca a~~d
pay fw such insurante or any part thereof w~thou? waiving or alfetting any opt~on, lien, equity, or ri~ht undcr cw 6y wrtue of this Mo~tgage, and tht
full arnount of each and every such paymem shall be ~~~~mediately dve and payable and shall brar interest f~om thr date thereof un~il po~d at the ~ate ol
r~~ne prr centum per annum and togrih~~r v.nh sucn inrc~rst sha~i be srwred by the lien of this mortgage.
4. To permit, tommit or suffcv no waste, impair~nent or deteriorat~o~ oi said property or any parl therrof.
5. To pay all and singular the cosis, charges and expansrs, indudin9 a reasonable attorney's fee and cests of abstraas of tit:e, incu~~ed o~ pa~d at
any tin:e by said b10RiGAG:E, because w in the evero of the fa:iure on the parl of ihe said MORTGAGOR to duty, pro ~~~~iy and fully pe~form, d~scharge.
_.ecure, effec~, comp:ete, comply wdh and ab:de by each and every the stipula~~or:s, agrern~ents, co~ditions, and covenants of said promissory note and ~h~i
n,ortqage any or e~~her, a~~d sa;d costs, charges and expenses, each and every, shalt be irnmed~atety due and payable; wh_•~her o~ not there be not~ce d~
mand, attempt to co:iect or wit pendng; and the full amouN of each and every svch payman~ shall bea. interes~ from the de4e thereol unlil pa~d at the
r.+te o+ nine per centum p~'r an~e~:n; .:n~' a~l said custs, cha~ges and exr~~ises ~ntu~red or paid, togathe~ wdh suth interest, st~.~li be setured by the lien of th~s
mortgage.
b. That (a} in ~he event of any breach ot th~s Mortgage or default on tha part of the MORTGAGOR, or ;b) in the eveM any oF sa:d sums of money
herein referrrd to be nOf ptOn:p!;y and fully pa:d w~th~n tA:rty ~30) days next ai~cr the same severalty become due and payab!e, witiwur dema~d or not~ce.
er (t) in the~eve~t each and every the sr~pu:ai~ons, agreeme~ts, co~d~t~ons and covenants of sa.d promissory oote and ih~s mortgage any or e~ther are not
iuly, pranptly and fully pe.formed, d.schargzd, executed. eiiected, comp~eted, complied with and a6~ded by, the~ in e.ther or any such avent the sa~d ag•
gr~gate sum mentioned in sa~d prom~ssory note then rema~ning ~npa~d, with intereit accrued, and aA rrw~eys secured hereby, sha~l becume due and pay-
eb:e iorthwith, o~ thereafrcr, at ihe ocrion ot sa~d h10R1GAGEE, as fully and completely as if ali of ~he said sums of money v.cre or~gmatly snp~~a~ed
ro be pa~d on such d:.y, anyth;ng in sa:d promissory note or in this hlortgage ?o the contrary nor.vi~hsta~id:ng; and thereupon a thereafter a~ the oN~~on of
s:.d MORTGAGEE, w~tfiout nonce or demand, suit at !aw or in equNy, therefwe or thereai~rr bey~n, may be prosecuted as if all moneys sewred hereby
r,<d matured pnor lo As institut~on.
7_ That in the event that at the beginning of or at any ti~ne pending any su~t upon this Mo~tgage, o~ to forectose it, or to refwm it, or to enforce
payment of any cfa~ms NA~e~nder, said MORTGAGEE shall apply to the Court havmg ju~+sdact;on thereof tor the appo~ntment of a Rece~ver, wch Court shall
torth.vith appoint a receiver Of said mortgaged property all and singular, includ.ng al~'and s~ngv~ar the ir.co~M, p~of~ts, iswes and revenues from whateve~
s~urce derived, each and every of wh:ch, it being expressty understood, is herrby mortgaged as if spec~fically set iorth and described i11 th~ graNing and
h~bendum da~ses herzof, and such Receiver shaU have all the broad and effecrive funcs,ons a~d powers in anywne entrusted by a Court to a Receiver, and
s~ch appointme~~t shall be mede by svch Co~rt as an ad:nitted equity and a matter of absolute r;ght to said MORIGAGEE, and ~tiiihout~ reierence to the
a.iaqu;cy or inadequacy of the value of the property mortgaged or to the so.vency or ~n;oivency oi sa~d MORTGAGOR or the defer:dants, and Tha1 such
ren~s, profits, income, issues and reven~es shall be appiied by such Receiver accorang ~o the lien w equity o1 sa~d MORTGAGEE and the prauice of such
Court.
B. To d~!y, promprly ae•d fu~ly perlo.m, d~scharqe, execute, effect, comptere, comply wiih and abide by each and every the stipuiations, agreements,
cond~tions and covenants ~n sa~d pro-russury note and th~s mortgage set forth.
9. That in the eve~t the ownc•sh+p of the mortgaged p~em~scs, or any part thereof, becomes vested in a person other than the MORTGAGOR, the
JRTGAGEE, its svccesson and ass~yns. may, without norice to the \10RTGAOR. deal with such successor or successor ~n ~nteres~ wifh reference to this
o•tgage and rhe drbt hereby secured in the sama manner as w~:h ~dortgagor w~thuut in any way vit:ating or d~scha:g~ng the Mortgagori liabitity here-
ur.der w upon the debt hcreoy sccur~d. No sa!e of the F~emises hereby mertgaged and no fortiearante on the pari ot tfie /110RTGAGEE or its svccessors
or assigns and no exsension of the ti:nr for the payment of the debt hcreby secu~ed given by ihe MORIGAGEE or its sutcessors or ass~gns, a~:all operate
io releese, d~scharge, modify change or a4fect the orig~nai liao~l:ty of the NORTGAGOR here;n, eiiher in whoie or in part.
10_ lt is speaf~catiy agreed that t~me ~s of the essence of this cororau and that no waiver of any obligation hereunder or of the obligation se-
cured hereby shal~ at any time rhereaiter be he:d to be a wa~~er of the terms hereof or of the instrumem secured herby.
1 t. In add tio~ to the forego r.g month:y payments of p:l~c'pal and interesr ~equired by the p~osr.;ssory no!e sewred hereEy, mortgagor covenants
d ag:ces to pay ro n:o•!gagee ~ith rach momh y pa~~.~rnt an add.~~onal wrn es!!n.ated by morigagee to be equai to 1 12 of the annuat cosr of the foilow-
3:
A-All rrai prope•ty taxzs lel~ed or assessed ag~i•ut rhe a~ove describcd real estate.
B-Frem~~:r~s o~ f~re ar.d 1•:ii:dsturm ~nSU~3r~@ as he~e:n reqv.red to be car+~cd en the ~m;~roveme~ts s~tuate on tha above d~scr~bed premises.
C-Pre~nw~rs o~ such mort:~:;g~ gua•anty icsurar.ce as iT:c•tgagee shait f•om t me to time deem fit to carry on the loan secured hereby.
Pdortgagee s~a:I frcm i~:ne to tm~e not~f; me!tgogor in wrfting of the amoum dve and payabie hereunder and auch sum shail thereupon be due and
;'i=61e on tht• due ciate of ?h~ next month.y payment arid each sutcessive monih thereafter ur.til mortgagee shall not~fy mortgagor of a than~e-in such
ount. Such sums sFa.I be a~,p ~ec! by mcngay-:e tov.ard the pa~rr.en! 04 real property taxes, inwrance prem.ums, and mortgage guaranfy insurance
~ n•emiums. - .
~ IN 1'11TNE55 :':HEREOF, the sa~d MORTGA OR has hereunto set his hand and seal the day ~nd ytar first aforesaiB_^~
~ Signed, Sealed a~sd ~e!ivere~~in the preser e of: Q ~ ,
~ , ~~p~~~~~~ ~ t-~ / Sean
~ ~ 18 D K S6 Zl (Seal)
~ 6 EKK C~~ :,ti:fi g 8; ~ n
(Sea4
~ r ~.G FF~;'~-'` ~.t ~''ER""~ H i l da L. K'se t s~a~~
~ - - ~ - ^
~ S~ATE OF fIORIDA ~ ~ ~ / ~ ' ~ ' ( Seal )
u. Mar j~i
e~,~s02 bert , a widow
~ ~~utirr o~ St. Lucie ~
~ Before me personally appeared Dennis KX$etYl sed
_ Hilda L. KYSeth his wife, to me well known and known to me to be
!h~ ind~viduals described in and wha executed the foregoing instrument, and acknowledged before me tFwt they executed the same fo? the purposes
?
rhzrein expressed. And the sa~d_ Hildd L. Kyseth
Kj/SeL~l '~~T-r'
Dennis .
r.~Fe of t6e sa~d - vporf e~ssl~arate and ~rivate
~ e.am:nat~on by me taken separare and apart from her said husband, acknowledged to and before me that she executed said instr~aimel~freely 4Jid;~~turi~
~ s~r~:y ar~d wrthout any com~u~s;on, constraint, appreF~n or fear of a from her said husband. Q r ~ ~..~i,' -
~ WITNESS my hand and officia! seal this_ f _~ay of V er ~ G~. Da~
19
~ STATE OF FLORIDA ~ - Z ~ •v ~
~OU JTY CF ?St . Luei e ; i Notary Public n a P ior the ~ta;e '}f {~idq M larap'~f~
~ MY Commission elc ues: 3 x ; .
r~ Before me rsonatl a ared M a rj o r i e B ~ I 1
1}
J P.
r t 8 W
1 C
l O
W "
Pe Y PPQ ~ ~ ~h~.~.~r.nr••+•~'," ~
- .'t : ~
~ !x!}~tx to me well knowA'`~nd,kl+Qwn ro m! TO be
the individuall desu~bed in and wbo executed the foregoing enstrument, and acknowledged before me that .]he[ executed the' fame~ Eor•thc, purposes
~ rherein expressed. I~Q~[~_._ ,
~ lGDf3dK~3iDd3L~ -'y' }
c:.; .
~ rar~ " " • ~ '
~ 1`~OVP~~ ~ ' ~ ~ _J • :./2
~i WITNESS my hand and offiual seal r?,~:_ 15th day of ' /4. D.
~ ~ ~ ~
~ ~ Ot ru~ ~ ~ s - , . ' '
y Notary P~blic in a fo ihe ~e/ 'f{pri~a at•~~'.
`4~; CFIBCICeC~ By _ My Comm~ssioo expire ~
~s •~'S~1~J~~`..•~'
~ ~^nis instrument prepared by John W. Collins
=irst Federal Savings and Loan Association
~ o~ Fort Pierce, Florida BOOK~O~ PA
~ CE 9~
~ - - _
i~ C XA" R., / ~~y~~a 4 ~ ~ ~
.
~ ~~~ys~ V~',. y~ ~ .
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