HomeMy WebLinkAbout1987 3. To p~acr a•:d co~~!.rwo;,siy krep on the L~~.Jk-,~s no+v o~ 1•ereeirer ~~tuate en sa~d fand and on a~~ .rq~~Hmrm dntJ perSOnJ~~y co+e~ed by Ihis mortg-
ege, w~th all preni:u,nf thrr~•on N~ d~n t~il, f~re i~~s~ra::ce ~n thr ~sual sta~~derd po!~cy fwm, in s sum ay;.~o+rd by tiia hlOR1GAG:E, a~~d w~~~da~orm
~nsuranca in tha ui~ai standerd pu:.cy for~n, in a su~n aHprored by thr MORTGAGEE, in such co~npany o~ W~nF+an~el as the hSQRTvAGEE may
d~recr, and aU (~re and ~h~ft~IS~JIr!1 insurance poi~ci~•s on any of sa~d bu~ld.ngs, any interest there~n or pa~t Iherrof, in the agyr~~yare sum aforesald w
in excess th~reoF, sha~l co~ra~n ~he uwal srand,~d mo~tg>~ae c~ause w such o~ttier c!ause ~he A~ongayre ~nay rrq.,.re, maA~ng thc loss under sa~d poli-
c~es, each ai:d ave:y. pa,,,b'e to s.,~d :tJR1GAGEE as ~ts inier~•st may appear, a~~d each and eve~y such E~o:~:~ s1.aU 1~ promptly assgn~d a~:d dr~~YCr.~d to
any held by si~d ~!ORiGAGEE as funhar securiry to s~:d n~ocf9a~e daot. and, not less than ten (10) days in ad.3n:e of ~he exp~rot~a~ of eoch pol~cy, to dr
liver to sa~d 110RiGAGEE a re~ewai lllEfEnf, toge~hr~ w~~h a~ece~pt fa the p~rm~um ot wch ~enewal; and iiirre sha~l br ~~o f~re o~ w~~:ds~o:m ins~~ance
pleted on any of sa~d 5~ild~~~9s, any intnres~ ~ha~ein w pait thereof, unless ~n the form and vrifh the ~oss payable as aforesaid; and in the e~eM any sum
ot mo~ey beco~~~rs p~~oble u~~drr s~ch poGCy or poLc~cs sa~d !NO~TGAGEE ah~ll have rhe opt~on w reca~va apNly tha sa~ne o~ ac~uunt of the indcbiad-
n@SS secured h~reby Of t0 Pf~m~t a~~d ~AORTGAGORS 10 f@Ct~vC dnd uS! 1t p dny j~drt thr:i04 fGf Oi~.•:~ l...r. 75ei. 11i'r:.;i »..••'.~;1 ~r ~,•-'P:~~"
~ng any eq~~~ty, I~an w r~ght unde~ or by virwe of ~his ~no^gage; and in the even? sa.d MORTGaGORS sha!I for any rcason (a+l to keep the sold prerr.~s_s so
insw~•d, or fail ro deliver pranptly any oi said pol~cies of insurance to sa~d MORTGAGEE, or fai! prcrt~ptl~ to pay fu!ly any {:~r~ni~m thi•retor o~ in a~~y
respect faii to peiform, d~s:he~ye, rar:~re, effect, canpletr, co:nply wiih and abide by ~h~s cotenan~, or any p.+rt h_reof, s.~~d MvRTG~G~E m~y p~ace a~~o
pay For such inwr.~nce or any part ~hereof w~~hout waiving or atfrcting any op~+on, lien, equ~ty, or r~ght ur.der or b~ vutue of rl~~s Mo~tgagr, and the
1~11 amount of each and e~e.y such payment shal! be immed~ately due and payab~e and shatl bear in~erest fram tha date the~rof u~~ul p.,~d at the ~ate ol
n~ne pe~ canwm per annu~~~ ~,~d tog_th~~r y~~th such ~nter~•n~ shail ~e sewrzd by the lien of thi! mwtgage.
To permi/, co:n~nit or suffer no waste, ir,'.pairment ot deterioration of said property or any part thereof.
5. To pay atl and s~ng~la~ the costs, charges and expenses, ~ncluding a reasonable anarney's fee and cos~s of abstracts of tit'e, inc~rrad or paid at .
any tin.e 6y sa~d h10RTGAG:E, because or in ~he eve~~t of the (a~;ure on the part of the sa~d MORTGAGOR to d~ly, pru:~~ptly and futly perform, d~scharge.
ex~~cute, efi~~t, co~npl~~r, comply wnh and ab,de by each and every ~he stipu~a~~ons, agreemanTS, cond~tions, and covena+:ts o( sa~d prom~ssory note and this
~:o~tgage any or e~ther, and sa:d costs, charges and exue~ses, each and every, shall be immed~ately due and payabte; whe~her w no~ there tx no~~ce da
n,and, atte~npt to coiled or wit pe~d~ng; and ~he futl a~nount of each and every such paymem sholl bear interest (rom ihe date thereo! uroii pa~d at the
~,•+e o+ ~~~n~• per crntum F,r~ an~wn; cnd o~i said costs, cha~grs a~~d c~.pe~~ses ~nturred or paid, ~oyrther w~th wch in~erest, shafl be securrd by the I~an o1 th~s
mortgage.
b. That (a) in the event of any b~each of th~s Mongage or default on t1~ part of the MORTG~IGOR, o~ ;b) in fhe event any of sa;d sums of mcney
herein referred to be not pro~~~ptly and fuily paid wrthin th,rty ~30! days nex~ a4rer the same se.era~sy 6eco~te due and payabte, without demand or notice,
or (t) in thr event rach and ev.:~y the stipu~ar~ns, ayreements, cond~t~o~is and covenanfa of sa.d prom~ssu~y notr and th:s mortgagr any o~ e~ther are not
~~ly, prompr~y ar,d i~iiy per}ormed, d.scharged, eaecoted, effected, corrpleted, compl~ed w~th and ab~d~•d 5y, then in e~thrr o~ any such event Ihe sa~d a9-
gregate surn ment~oned in said prom~ssory note then ren:aining urtpaid, with iNerest acuued, and afI rtwr.e~s sec~red hereby, shall betome due and pay-
ab~e forthw~!h, or tnereaf~cr, at the opnon ot s.~id A50RTGAG[E, as f~fly and complete~y as if ail of tl~e sa~d sums of money were ong~nacly st~pwated
to be pa~d cn such d~y, anyrhing in sa.d pro:n~ssory note or in th~s Morrgagr to the cemrary nor,.~rhsrand~ng; and ~hereupon or the~eefter af the op~~on of
sald MORTGAGEE, w~rho~t noT~ce or de;nand, swt at law or in eqwty: the~efore or thereaher begun, may be prosecuted as ~f all moneys secured hereby
r.~d maWred pr~or to ds inst~t~t~on.
7. That in the evenf th~t a! the be~inning of ot at any time pend~ng any suit upon this Mortgage, o~ to foreclose it, or to refo:m it, or to enforce
~ayme~t of any c:a~•*~s hereundar, sa~d 1dORTGAGEE shatl apply to the Cou~t having ju.~zd;chon thereol for the appo~ntmeM of a ReCCrvcr, Such Co~rt shail
fc~thwith ~ppo[m a rec~~Yer of said mangaged property all and aing~tar, ir.ciud.ng all and su,gu~ar the ircon~e, prof~ts, issues and re.enues from whatever
s~urce derived, each ar.d every of v~h;ch, rt be~rg express'y unders~ood, is Gereby morrgagcd as if spec~hca~ly sPt forth and drscr~~d in the g.ant~ng a~d
F~ai~endvm tla~ses hereof, and wch Receiver sha11 have all the broad and effecr~~e f~nu.ons and powers in any~«~sr en!rusred by a Cou~t to a Receiver, a~.d
s, ch appo:nnnenf shjii be rt:ade by such Co~rt as an ad~n~~erd :quity and a matrer of abao~ute r:ght to sa~d MORTGAGEE, a~d w~fho~t reference to ~he
edequacy or inadequacy ot tha value of the proprrty mortgaged or to ihe so.vency or u150lvcnty of sa~d MORTGAGOR or ihe defendants, ar.d ihat such
~e•~~s, profits, income, issves and revenues sholl be app~ied by such Receive~ accord~ng to the Gen or equity of sa~d MORiGAGEE a~d the pradice of such
Couri.
6. To duly, prornptly a~~d fully perform, d~scharge, execute, ei(ect, complete, canply with and abide by each and eve~y the st~pulatio~s, ag~eernents.
conditions and tovcnanrs ~n sa~d prom~ssay nOte and th~s mwtgage sel fonh.
9. That in the event the ov:nership of the mortgaged premises, or any pa.t thereof, becomes vested in a person other than the h10RTGAGOR, the
:1QRTGAGEE, its wccessurs and asvgns, may, w~rhou~ ~a~ce to the ~~50RiGA02, deal w+th such wccessor pf S4CCGSSOf in imerest wi~h ~eference to this
~~o~tgage ar.d the d_~bf hereby secvred in the same mar~ner as wish ldwtgagor without in any way vit:ating w d~scha~9ing the rAo~t9agori liability here-
~nder w upo~ the debt herebr sec~red. No sa'e of ti~e p~emises hereby mortgaged and no forbeara~ce o~ the par~ of the MORIGAGEE or its successors
or assig~s and no earers:on of rhe time for rhe payn,eet of the deb+ here5y secured given by the lAOR]GAGEE or its svccessors or ass:gns, a.~afl operate
ro re~ease, d~scharge, mcd~fy change or affeu the orig~~al liab~ilty of the M.ORiGAGOR herein, either in whole or in pa~t.
10. It is speafica!ty agreed that t~me is of the essence of this contract and that no waiver of any obt~garon hereunder w of the obGgation sr
cured hereby sh..I~ at any t1rt,e ~hereafter be h«:d to be a waiver of the terma hereof w of ihe instrvTent sr<ured heiby.
11. In .,dd.tio:~ to fh_ toreqcn~ month'y payn~ents of pri:~c pal and interest requirzd by ihe prom:ssery no!e secured herebr, mortgagor covenaMs
i~.d agrers to :,~y to mo-tgagee w~th each ~r.onrh!y pay~,ero an add~rional sum esr~n,ated by mortgagee to be eq~al to 1.!2 of the annual cost of the foiiow-
~,:3:
A--AII r~a~ prope+ty +axas Ie•ned or assessed agsi•~st thc above describcd real estate.
B Pr_~~..u•ns on Gre a~.~ .y~r.c~sro:rr. ir,s~rerce as i~ere~n re.~u~red to be carned on ;ne :r~:rroveme~ts s~t~ate on the above d=su~bed premises.
C-Pre~niurs on such n:crty,ge gua~anty ~~s~,:a~.ce as mortgagee shatl frcrn rme to t~me deem fit to carry on Ihe loan secured hereby.
Mor~g,geF she'i `~c~~ r~•,;e to fm~e nor~f y~~crtgegcr ~n wric,ng of ihe amo~~~t du~ and paya6te hereundrr and such sum shail thareupun be due and
; r~able un th~• c'.~~ e~!e oi rhe next n.o~thiy p:y~*e~t and each successive r:month thereafr:r ur.til mongagee shal! notify mortgayor of a change in such
I c~nt. S~ch s~~ns s' a'~ Le ai:{•'ied 'ay mortGay_e ~ov:ard the payment of rea: property tazes, inwrance prem:~:ns, and mortgaye g~araNy insurance
:.~emi~ms.
j IN :'1tii~E~S :lHERCOf, tne sa~d MORTGAGOR has hereunto set his ha~;d and seal the day and year f~rst a(o~esaid. , ~
i `
t Signed, SeaSed and deiivered in the presence of: _ ~ _
/ f,~U
~ ~
> > . ~ ~ _ _ L~nna a s cseaq
,
~ ~-hs,;_.? ~ ~ (Seal)
~ _ E1 zabeth R Kello99~ ~seaq
5"ATE OF FIORIDA
S5.
CJU:~TY OF _ St _ LUCle _ 1
Before ma personaEty appeared Linnaea s E. Kel laao snd
_ Elizabeth Q. Kelloc~c his wile, to me well known and known to me to be
the ind~viduals descnbed in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes
rh~~rein expressed. And the said EI12dY~th R Kellog~
~::re of the said ~.11117dQFiS E. Kellocxi upon a sepa~~t~s~?d private
~ ~~,am~nat;on by me taken separate and apart from her said husband, atknowledged to a~d befose me that she executed said instru~nent frep'ly~nd volun-
r~r~iy and w~thout any compuis:on, constraint, apprehens~on, or fear of w f~ her said husband. ~~~N~""'~~~.,,
WITNESS my hand and ofiic+al seal th~s_ 29 th day of f/~•'~ i19 72
~ _ .
~ l C,E -
~ Notary Public in and fw Stat~ rid~ arge U
i - -
My Comm~ssion expires: - ~ ` -
~ Ret~m To: " l '~•1 ~ Q v V -
~ First Federal Savin~s 3 loan Associat:on P(J&~ ~ ~j~A ' f;,
Of f crt P.:r~~. a YI~ ~ .
COMNIS3tU~ ~p ~
~ Fo.: v~..«<,. F~o~,~a ~ Condd 7Arr (Tipefb ~R
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~ ~4~9~2 r»~`~. ~
~ . . ~ .
~
~ F~~EO r.N.: ~fC0~0E0
This Instrument Prepa:ed By John N. Rober t~T-~~~'L ~~~N~~S«• S
~ First Federal Savings 8~ Loan Association o~r~ ~,r~~•~T .CI;RT
~ o f For t Pierce, F lori da pf~~p~~;:• : r~ r
~ ~
Checked By - ~ ~ 91a A+~ ~ Z~
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~ ~l:il~',I.~~VIJ Y~~•~~~ •
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