HomeMy WebLinkAbout4973 J. To piace and conr~nuo;,nfy keep on rhe bu;'d~~gs »ow or 4~ereafte~ aituate on sa~d land and on alt eqv~pment and persona~~y cove~rd by tn;s ~rong•
e9s, w~~h all prem+urns thcreon pa d~o fu!I, }ire insurence in ~ha us~at uandard po'icy form, in e sum appr~ved by ih~ MOR~G:.GE[, a~~d w~nds~orm
~nsurance in ~he uwal s~andard Go:.ty fonn, in a wm a~proved by rhe AIORTGAGEE, in such ca~:pany or ca~~pan,es as ~he h50RiGAGEE may
direct; and all (ire and w~n~storm inwrance pol~c~es on any of sj~d buiid.ngs, any interes~ rherem or pa•t thr~eo(, in thr a~graqare su^~ atores~id or
in excess Ihereof, shall con~oin ~he usual standard mo~~gagte clause w wch ofhe~ clause aa the A1o~~gagee n~ay requ:re, ma?~ng r+,~ ~os~,ndr, s.,.d po1~
ciet, each and every, parable ro sa;d A1pRTGAGEE as ~ts ~nt~rest may ap,xar, a~~d each and every such po~~cy shall be p~ornpslY ass yn~d a~~d de,~.ai~d ~o
sny held by aa~d MORIGAGEE as furrh:r secur~ty to sj~d mongoge d~•bt, and, oot less than ten (10) d~ys in ad~ance of ~he eYp~iat~on of each po'~cy, to da-
I~ver to sa~d MORLGAGEE a ~enewal /hereof, toge~her wrth a receipt for tht pie+r~;vm o! such re»ew~i; and ~here sha:l br no i.re or w,~~~s~c inw.ante
plated on any of sa~d bui!d~~gs, any intero~t there~n or psrt thereof, un!eis in ~he form and with the ioss payoble as aioresaid; and ic the e+~ent a~~y sum
of money br_omes payabie undrr s~ch policy or poLc~es seid MORTGAGEE ahatl have ihe op~~on to re<c°ive ar.d app'y rhr sa~ne on acco„~u o( t~e ind~•o~rd-
ness secured hereby w to permit aa~d MORTGAGORS ro reca:ve and use i~ or any pari it~e:eof lor oti,,•r ~,u~;.:s:s, v,.i~ ~n,•,,., ~„r
ing any equ:ty,.l;en or right undrr Or by virFUe ot this mo:!gage; and in the eveN sa d M02TGAGORS sha!I for a„y rcason f~il to Arrp the sa;d premis;s so
'^~•~~~t n' la~l tn rirt(vA+ aromptiv anv of said cw~~ues of inswante ~o said A50RiGAGEE, or i~d p;ompt~y to pay }u :y any N~e n~~~n ther~•for or ~n a~~y
respect fail to perform, das;harge, exawte, efiec~, cor»p!efe, co:nply wirh and abide by this cove~ani, or any par~ ~~~~eoi, s.+~d ~r~vR~:~:.v~: ~~~„y '
pay fw such inwrence or any part thereof w~thout waiving or affec~ing any opt~on, lien, equ~ty, or r~ght under or br v~•tue of ihls Atortg.tga, a~:d fhe
f~ll amount of each and e~~ery such paynieM shall be ~mmediately due and payable and sha~l b~m inrerest from the daea th~ieof unTil p„~d at the r~te ol
n~ne pe~ te~fum pcr annum and to~~-~her with Suth uvc~vsr sha~i w: s~c~rcd by fhe lien of ~h~s mortgage.
4. To permir, comm~t or wffer no waste, impairment w drter:o~ation of sa~d property or any part thereof.
S. To pay aIl and s~ng~(ar rhe costs, charges and expenaes, (ncfuding a reasoaab!e atrorney's fee and cos~s of absuacts of ti~'e, incurred or pa~d at
any tim.e by sa~d MORTGAi'iEE, because o~ in the eve~t of rhe fa~lure on ~he part of ~he sa~d MORTGAGOR to d~ly, pron,pt{y ar~d fui~y perto~m, d~scharge
>xecute, e(fec~, compirte, comp?y w~th and ab:dr by each and every the stipulanons, agreen,e~ts, cond~>;ons, and covenants oi sa~d pro~n~ssary note a~:d ~h;y
morrgage any or enhei, ar~d sa:d costs, chargzs ar.d eapensrs, each and every, shall be immed~atefy due and payab:e; whe~her ur not th~re ~e ~c~~ce da
mand, attempf to coL'ect or suit pend~ng; and ~he futl amount of each and every svch payment shall bea~ intcres+ from +he dare theree4 un~il paid at the
~,~te of ~une Ner centum per an~~~..~; e~id a1t said costs, cnargrs a»d expanses incwred or paid, togr~her wnh such uverest, shail Ix sec~red by the :ien oS th,s
mortgage.
b. That (a) in the event of any breach of this Mortgage or default on tM part of the Mt7RTGAGOR, or ;b) ~n the event any of sa;d s~n.s af money
herein referred to be nm prompi(y and fully pa~d wirhfn th.ny (30) days nexr asrer the sar.,e severa'ty beconte due and payab!e, wifhout demand or nof~ce,
or in the event each and every the stipulat~ons, a9reements, tond~aions and covenants ot sa•d pro~nissury note and ~h.s mortgage any o~ e~sher are not
~uly, promprty and f~Ity perfo:med, d~s,harged, executed, effec~ed, comp~eted, compl;ed with and a6:ded 5y, then in e~~her or any wch event ~he sa~d ag
gregate sum ment~on¢~! in said promessory note than re~naming unpaid, wifh interest accrued, and ati mon~~s securzd hereby, shall become due and pay
ebie forthwith, or thereafter, at the op!~on of s.,id ASpRTGAGEE, as tuily and completely as if ail of thr said sums of money were ongina:ly snp.,;ated
t~ be p.rid o~ suth day, a~ythiny in sa.d pro:n;sso~y note or in ihis Mortgage to tha contrary notwithstared;n9; and thefe~pon or lhereafter at 1he opt:on of
~o~.i i,.vwTvA:.C~, ..~:7~.,,7 ..a:~,a a: .?,o.,,f~,.o M ~I~PIFAS~P~ k,,.~,,,n_ may 6e orosecutrd as if all moneys setured hrreby
`°'y~'-i•
r~d matured prior to rts inst~tuhon.
7. ihat in the e+ent that at the beginn~ng of or at any t~ma pending any su~t upon th;s Mortgage, w to forectose it, or to ~e~osm it, os to enforce
paymeN of any c!aims he~eunde~, seio IdORTGAG~E shall app!y to the Court having ju~~sd.tt~or. therrof ior the appo~ntment of a Rece~ver, s~~:h Court sh~~l
fo~thwith appoint a r¢ceiver of sa~d mortga9ed property all and singu:ar, includ•ng all a~:d Sui~J.3f ~he ir.con,e, prof~ts, issues and reven~es trom whetever
so~rte derived, each and every o.` wh~th, ir be;ng expressy undersrood, is herruy morrgagc•d as if spec~ficaily set ioith and destrited in the gren~„~g and
hjbendum clauses hereof, and :uch Rec~iver shaii have al! ~he broad and efiectwe t~~xt ons and powers in anyw~se emr~sted by a Co~rt to a Recaiver, and
s;,ch appointme~ii shail be made by such Co~rt as an admitted equity and a matter of ab:olute right to said MORTCAGEE, a~d withovt reference to the
adeyvaty or inadequaty of tne value of the property moitgaged or to the sovency or mso~vency o1 sa;d ldORTGAGOR or the daie~~dams, and th~t svth
re~rs, profits, income, +ssues and revenues shaH be appl~ed by such Rece~ver aaord~ng to the lien or equity of sa~d MORiGAGEE and ttie practice of su<h
Court.
S. To duty, p~ompt!y and fu!!y pe~form, d~scharge, execute, effect, comp:ete, co,»ply with and abide by each and every the stipulations, agreements,
conditions and covenanti m sard promissory no!e ar~d th~s mortgage set forth.
9. That in the event the ownersn~p of the mortgeged pren,~ses, or any part thereof, becomes veated in a person o~her than the MORTG~?GOR, the
h'.~R1GAG£E, :ts svccessors and assigns, may, w~+hout not~ce to the h10RTGAOR, deal with such successor or svccessor in interest rrith referer.ce to this
n,ort9age and ~he d_bt hereby secured ~n the same rt,anne. as w~~h l:,or;g~gor wnhout in any w,y vn[aGng or d~scherq~ng the Mcrtgvgors' liab~t~ty her~-
~r,der or upon the de6t hz~eby sewred. t1o saie o1 the Fre~n~ses hereby mo.tgaged ard no forbearance on the pa~t of the /AORTG.4GEE or its successors
or ass~9ns and no e,uz~sion of ihe t~me for Ihe Fayment of the debf hrreby secured g~ven by the MOR?GAGEE or iu successors or ass:gns, ahall operate
ro re~case, d~scharge, mod~fy ~hang~ or aifect rhe orig;nal liau,I~ty of the A:ORTGAGpR herzin, e~t6er in whoie or in part.
10. It is spec~f~catly agreed thar ume is of th> esser.~e of th~s conrraa and that no waiver ot any o~l;gar~on hereunder or of rhe obligation se-
cured hereby ahati at any time thcreafrer be he!d to be a waiver of the terms hereof or of the instrument sec~red f~~rby.
I 1. In add~Ko:~ to tne forego n3 .r.on!h'y cayr.~ents of pri-~c paI and inr~•rest required by the prom'ssory nore s~~c~.ed hc~_b,~, merrgagor eovenants
and a~~~es to pay to ric-tgagee ~n~ah rach mcn>hfy payr:•.ent an add~i~on~l su~n es!~re!ed by mortgagee to be eq~ai fo i. i2 of the a:~:wal cost of the fottow-
,.3:
A-All real j~roperty taxes ~evied or ass_ss_ci aga~•~st the above descri~~d rai estate.
i
~ B-Frcn:~ums on f~re and v:irdstor~n msu~s• ce a> n~re~n requ:r^d to be :a~rird on tF.e :mrroveme~ts s~tuate on th~ above d_sc~ Led premrses.
C-Prem~uins on s~~ch mort~~ge gua•;,nty insura~.ce as mo•tgage~ sha;i frr..~ !^ie :o tur.e d~em f~t to carry on the [oan secvred f~rr~by.
Mortgagee stiy l frcm n,r.~ ro n-~ze r:onf; m.crrgagcr In ,;r~~.ng Q; the ~,:•:oe ~r d,e and p3yable hereundar and s~ch su~v sha:t therevpo~ be due and
'i ;.+:able on the d~.~ da~e ei th_ ~;•.xt month.~ paym~~nt and eacn successive ~nonth t~ereafr,r uctii mortgagee shall not:fy mo~tgegor of a change in such
~~:ou~t. Such s~m,s sF+:l be a~:~~~~rd hy mor!ga~,.e tov.a~d the F;ay«.ent of rea~ property taxes. ins~rance prem~ums, a~ed n~o~tyage gva~a~zty insurante
n•emiums.
IN Y~ITDJESS L4HER~OF. the sa~~+ M1tORTGAG02 has hereunto set h~s har•d and sea! the day and year first aforesa~d.
, igned, $eated and deliver~. in the'presence of;
i 'y y 1 .
lt:.~~ / 1.~. r_ r.. CL~~.- (Seal)
E - ~ ,--!,~IC'.c Mazie M. Kennedy , ' tsenq
" - - - {Sea~)
~ - - - (Seap
` STATE OF FIORIDA ~
~ u.
j :OUNTY OF St • I.t1Cle ~
c
! Before me personally appeared ~rie M. Kennedy, 8 W1C~OW ~
? - =fs, to me wetl k~~own and known ta me to be
, rhe individua~ desuibed in and who exec~ted the foregoing inst~ument, and ack~owiedged before me that She eaecuted the same for the pvrposes
` rhzrein exp~essed_ ~t~~tss~
i =,ab3~ 311{3i{~ - - q~0[ Rf!l71i~O ~~f0!!
~ ~ata~stita~ss3dotmr.~-•••••~~et~as~Q~eti~mb~#~ -
dnu~~edg~ sa~ ~vssrsalat~caQm~st ss~ba~aaets~i~st~+a
~r~yc~d~ot~aor~~:Spar~sats~mra{~alsp,p~awr,,gss~icol~as3m~i~s~~bt.sbaa~ ~ ' " ~ .
_ 1 ~;C~
WITNFSS my hand and off;cial seal this_ day of r} Janua Ar. '19~_
1-, ~ , t
Notary Public in a~d for~lhP e of:fioridD at ~rye; :
My Comm~ssion expires: !•~~j C ~
Ret~rn To: ~~d~ai ~ r; ~ 3~ :
! F~nt federa) Savings a loan Assoclat;on ,
' OF ic-t P ~c.~ c • o / • Z• ` .
! Fort F'~e•cc'. F•::r~~..:i IIIEO/~MD ~~Y~^~~/M /'r~ , •v.
°j~ilr~~~,... .
iL ~OCER
FQ TR~~ Sr~! ~
; CIERK CIRCUIT COUItT '
RECORD YER~FtEQ...~~..`~ ~
This Instrument Prepared By J. H. Robeits, JY. ~ ~
First Federai Savings 8~ Loan Assoc+ation i 4o PN
of Fort Pierce, Flozida
~
i Checked By ~C_~~_
860~~ ~CE~~ ~
~ s <
_ , . . ~ .