HomeMy WebLinkAbout5552 To ptace and coni;n~o~s,y k~ep on the bu~ d.ngs now or he~eafrer e~t~ate on sa~d ~and ar.d on all rq.,iFmrnt a^d personally covared by this mor~g-
ege, w~th ell prem~~rns thereon pa~d in fu~l, f~re ins•~rence ~n the ~sual St31`d31C~ po.~cy lorm, in e s~m appro~ed by the MOR~".~G~E, and v~~ndsrorm
;nsvrancr in ~he uwai s~anderd pol.cy fo~m, in a sum app~oved by the MORTGAGEE, in such tompany or compan.es as the A102iv.~GEE may
d~red; and all iire and wmdstorm inwrance poticies on any of sa~d bviid~ngs, any inte~est therein oi pa~t thereof, in the a99~ega~e sum aioresaid or
in excass lherrof, fhall :untain the usual srandard mortg~gee clause or f~ch o~htr dause as the Mongayee may ~equ.re, ~~a?in9 thz wss undar s3,d pol'r
des, each and every, pa;a5:e to sa~d h10RiGAGEE ai ~ts irorrest may appa:ar, and each and every a~th po:~cy she11 be p~ompt~y ass g~~ed a~~d dc~~~arcd to
eny held by aaid h!ORTGAGEE as iurther security to said n,ort~age drbt. and, not less ~han ten (101 days in ad~ance of the eap~~at~on of each potity, to da
I,~e~ to said MORiGAGEE a renewal thereof, toge~her wnh a rece~pt for the pre~nwm oi suth renewa!; and there s~~ai1 br ~w i:~e or ~n,1~~dsfo~m insurance
placed on any of sa~d build~ngs. any interest Iherein or par~ thereoi, unlesa in fhe toim and w~fh the loss payabte as a(oresaid; and in the evrnt any sum
of money be.umes payab~e ~ndar such policy or poLcies sa~d VIORTGAGiE aha~l have ~hr oHt~un to rrca~:e :.nd app:y the same on ac:ovnt of ihe inden~rd-
ness sewred hereby or ro perm~t sa~d IAORTGAGORS to receive and ~se it w any pa~t ib~~:cot for o,n~~ ~.u~, ~s~•s, v..n.~.,~ zf~••~•~: •~•~'J cr
~ng any equ~ty, fen or r~~ht un~e~ cr by virtue of this mor•gage; and in ~he event sa.d MORTGAGORS shall fo~ any rejson fail to keep ihe sa~d prc~nis.s so
~nsured. or fail to dehver pro,nptty any of seid po~~ues of insurance to sa~d MORiGAGEE, or f~~l promptty eo pay f~Cy any pre~~~~~~~~ !~cretur or in a~y
respect tail to perfo~m, d•scharye, ex~~wtt, effea, complete, co~nply with a~td abide by this tovenant, o~ any part hereo(, s.+:d MGRi:..+G~E may p:atc a~o
pay fo~ s~th insurn~ce or any parl thzreof w~thout waiving or atfecting any opt~on, lien, equity, ot nght unde~ or by v~rt~e oi th~s tilo~tgage, and the
fu~I amu~,nt of each a~:d e~ery such payment shall be immed~ately due and payable a~id s~all brar interest fro~n thr date ~haeoi until p.,~d at the ra~z ol
n~ne per cen~um per a~tnu:n and to~rther ~nvth s~ch ime~est shau be socwed by the lien of this mortgage.
d. To permit, commit or sufFer no waste, impaimunt or deterioration of said property or any parl thereof.
5. To pay all and singular the costs, charges and expenses, ~ndud~ag a reaso~able attomey's fee and cosis of abstrads of nf!e, inwrred or pa~d at
any time by sa~d MORTGAGfE, because or in ~he event of the failwe on the pa~t of tha said MORTGAGOR to d.,ly, pro~~pNy ar,d fuily perform, d~schnrge.
~x~•cuta, effeU, comptete, cumply w~th ard ab.de by each and every the atipulat~ons, agreements, cond~tlons, and cove~ants of sa~d prom,sscry note ~nd th~s
r.:wrgage any or e~rhe~, and sa.d costs, charges and eapenses, each and every, shaii oe immediateiy due and peyat:e; whethcr ar r.:,t rhe.e k3e not~te da
mand, alfempl to coitett or surt pend,ng; and the f~ll amoum of eacfi dnd t~ery s~th payment st:all bear intcrest from the date thereof ~ntil paid at tht
•.~re oj n~ne per ceni.,~n p.rr ~nn,,.,i; a:,c ait s~~d costs, charges a~~d cxpenses ~ncurred or paid, tog~iher w~th such interest, shall be secured by the I~en of th.s
mor rgage.
6. That (a) in the event oi any breach of this Mortgage o~ drfaul~ on the part of the h10RTGAGOR, or ;b) in thr event any of sa:d sums of money
herein ref~rred to be nor pro~npr~y and tully paid with~n th~rty ~30) days next afb~r the same severa!1y beco~ne due and payab'e, w~~hout demand o~ noticr,
or (c) in thr event each and eve~y the shp~Eauons, eg~eemeNS. conditions and covenants of sa.d promissory note and th,s mor~gage any or e~ther are not
iu1y, prompdy and i~~ly performed, d:scharged, execut-rd, eifected, compteted, compl~ed w~rh and ab~ded 5y, then in e~ther or any su.h event the sa~d ag-
3~egate s~m mrn+~ened in sa~d prom~ssory noie then ~emaining unpald, with intere,t acu~ed, and aIf monrys sec~red hereby, shall becume dve ar.d pay-
ab'e forthwith, o~ rhereafter, at the option of sa~d MORTGAGEE, as fully and complettly as if all of the sa~d sums o~ monry were on9ina11y s~~pu:ated
ro be pa:d on such day, anythiny in sa.d prorn~ssory note or in this Mortgage to the conrra.y notwithstand~~~g; and thereupon or thereafter a~ the option of
s~:d MORTGAGEE, w~rhout nonce or demand, suit at law w in equity, thnrefore :.r thareaiter begun, may be p~ose.-uted as if all moneys secured hereby
~:d matured p~~or to ~ts inst~tutio~.
7. Thar In fhe everit that at the 6eginning of or at any hme pending any suit upo~ this lJlo~tgage, or to foreclose it, or to reform it, or to en(orce
~'.ayment of any t~a~m:s he•eunder, said 1.10RTGAGEE shali apply to the Co~~t having jurisd:ttion thereot lor the appomtmen~ of a Reteivcr, such Ccurt shaN
fo~thwirh appo]M a receiver of sa~d mortg;ged property aIl and singular, indud~ng al! and s~nguta~ the ~ncome, prot~ta, ~awes and revenurs 1rom wnaTever
s: urce derived. each and eve{y of wh~ch, ft be~ng express!y unde~srood, is hereby mor~gaged as if speaficaily set forrh and described in the g~annn~ and
h.~ben~~m davses hereof, and wch Receiver shal! have all the br~ad and effect~ve funct~ons and pewers in anyw~se emrusred by a Court to a Rec~i.er, and
s. ch appoin:mer.~ shaii bc r.:ade by such Co~rt as an admitred equity and a matter of absolute rigM to said MORTGAGEE, and w+ihcot re(erence to the
ad_yu~ty or inadeq~a.y of th2 vaiue of tfie praperty mortgaged or to the so.renCy or inso:vcncy o( sa:d MORTGAGOR or the oefendants, and that wth
re~rs, profits, income, issues and revenues shail be app~ied by such Recener accord,~;g fo the lien or equity of said MORTGAGEE and the practice of such
Court.
8. To du1y, promprly and fully perform, d~scharge, e~eecute, effect, coenpiete, comply vr~th and abide by each and every the stipuiations, agreements,
conditions and cover.an~s ~n sa~d promisso:y note and th~s mortgage set fonh.
9. That in the event the ownership of the mortgaged pren,ises, o~ any part thereof, 6ecomes vested in a pe~wn other than the MORTGAGOR, the
~RTGAGEE, its successors and ass~gns, n~ay, without no~ice to the MORIGAOR, deai witn such svccessor or sv:cessor in interest with referente to th~~
~ c~rgage and the dr~i hzreby sec~red ir. the same R:anner as with Morrgagor without in any way vitiating or d~scnarg~ng the Mortqagori liability herr
.,~:der or upon the de~t he~e~y sec~red. No sale of the prem~ses hzreby mortgaged and no forbearance on the pan oi the MORTGAGEE or its successors
o~ ass~gns and no extens~o~ of the e~m.e for fhe payment of the debt hereby secured grven by the MORTGAGEE o~ its successors or ass~gns, a~:alt operare
~o re+ease, d~scharge, mod+fy cnange or affect the origmal Iiab~Gty of the M.ORiGAGOR herein, either in ~whole or in part.
10. Is is speaficatiy agreed ~hat time is of the essence of this confract and rhat no waiver of any obi~ganon her~under or of the obligation sr
c~red hereby sha:i a~ any time thereaiter be held to be a waiver of the terms hereof or of the instrument secwed Fwrby.
j 11. In ad3.r:o? to !he faego nq moMh!y payments of princ pal and intrr~st req~ired by the prom~siory no!e s~cured herrb~, mortgagor tovenants
~ a~:o agrees to pay to mortgagee w~Ih each monthly payr.~eM an add~:;onal sum es' n ated by mortgagee to be eq~ai to 1, 12 of the annual cost of the fo:low-
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i A-AU real prop~:Ty taxrs levied or assessed agai•;st thc above descri~ed real estate.
!p B Fr~rr.~o ns o~ f~re and windsto~m ~r.s~ra.^.ce as here+n req~;red to be ca~ried en the ~m;:rcveme~ts s:t~ate on th_ aEove d_sa~bed premises.
{ C-~rr.=•:ws:s cri s:,:b srarsg~e guaransy ir.sura~:ce as +n~t~ayee shai! frcm Y.mz to tune deem fi[ to ca:ry on the loan secured hereby_ _
~ rdortgagee sh, ~ from r~me to t~me nct~fy mertgagor in f.~iting of the amou~t due and payable hereund~r and such sum shafl ihe~eupo~ be due and
€ ,able on the ~!_~r oatc of th= next r•~onthiy payment and each successive mon;h thereaft~r ur.lil mortgagee sha!l not~fy mortgagor o~ a change in such
i .~.~,;nt. $~ch s~ms sh3.~ be app.~ed by moriga~ee teward the µayment Of teal property taxes, insura~ce prem.ucns, end morigaye gua•anty insurante
~ p•emiums.
~ IN \'JIiNESS WNE Edf, the said MORTGAGOR has hereunto set his hard and seal the day and year f~rst aforesaid.
Signed, Sealed an~ deSivered in presence of: ~
~ / i_. ` ~ ' ~~fi~G~'' " (Sca4
~ _ ' N ard S. Klerk r. ~~aq
~ " • tseaq
~ - AdB16 L~ KleZk t5eat)
~ i
~ SiAiE OF.iWA1DA `VQ~+~- yC ~ `C t
ClJ~~0.~ }
~ C.7UNTY OF - - ~ -
Before me persoraily appe~red Howard 5. Klerk, Sr. and
A~le L. Klerk his wite, to me wefl known and known to me to be
~ ~he indiv~d~ais desc~ibeti in and who executed the fwegoing instr~ment, and acknowledged befo:e me that they executed the same for the p~rposes
~ Adele L. Klerk
th~re:n expressed. And the said__ _ _ -
~ r.lfe of th. za,a _ Howard S. Klerk, SZ • upon a sepa.ate a~d private
_L - ~ - -
; _.aminat:on by me ta:en seporate and apart from her said husband, atknowledged to and before me that she executed said instr~ment freely and vol~n-
~ ar.d v.rthovT any cc.~~p~~s~on, co~straint, apprehens;on, or fear of .or from her `\sa~d _husband. ~
`W%i Y~ITNESS m/ hand and offic~al seal this_ 3~~ r• ~'ijay~of; c, ~'L - A. D. 19 "1
A
_ ~ • '':"~•~~~.1~~4 ~ ~.LL~' "
. _ - No?ary Pub~ic in a~d for the State of-{~ida-at L rge
. . ' l~ly Commiss~on expires: ~~-V `/~h
- ReWrn 70: - ~ r =
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first Federal Sa+ings 6 loan Associa!,on ^ - ' _ ~ ~ ~ -
_ O` Fo-t P.• rce- . • •
Fort P~.-.ce. f:.:r.:.~.~ y. . : f~3.
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This Instrument Prepared By H. Robei ts ,
fILEO AND RECOKOEO
First Fe~eral Savings 8. Loan Association ST.IUCIE CCL'tITY flA. ~
of Fort Pierce ~ Flor ida _ ROCER P~fTRAS
CIERK Ct:iCU17 COURT .
~a Checked By s A ~F ~~-f.~ ~ RECCR~ v~R"~ED
- OCUMEN ARY TAMP TA K I 1.., r0 IZ 46 Pn
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