HomeMy WebLinkAbout1515 3. To ptac~ •nd cont~n,,ous~y keep on ehe bu~:d;ngs r+ow o? t~crerfte~ t;twt~ on said land and al; eG,.~p~nent and psrti~,natly co+rred by ~h;s matg-
~ge. w~1h all prem~umi ~hareon pa~d ~n f~U, f~•a i.»~~~nce ~n ~t~a vswl im~dard po'•~cY form, in a sum aH~xo.ed b~ the MOK~GAGEE. and w~~,dsrorm
:n:ur~nc: in :ne •~sual sea:derd pa~.cy form, in a auoi a~.provrJ by ~he MC`RiGAGEE, :n such compu+y or c«:~oa~,e~ as N~e MORiGAGEE may
d~rect; and all 1'u~ and w;ndi~orm ins~•ra~+ce po:K~es on any o( sa.d b~~~d.~g~, an~ interQit ~I.r~c~n or put thr•eot, in the ~ggrep~ta sum ataesa~d o~
m~aceas the~eof, shall con~ai~ ~he usual itand.ud ma~~ga~ea c,~~uss w such o~hs. cia.•ss ~s tne Mo~~~ayes ~~ay rcqv~re. ~naki~g ~1w iesi u~ulr~ sa:d poii-
exh and e~e.y. pa,ab~e ro said MJRTGAGEE as ~~s ~n~rres~ m+y ~vpe+a and each and eYEry sucA po~~cy s4ai1 br pron:pt:y asagned a~~d da+~.Cr.d ~o
•ny hrld by se~d A10RiGAGEE as fur?hcr srcuri~y to ta~d n,ureyayr de~~, and. na teu ~han ~an (10) d~,rs in ad.erKe oi the e.p~~~~~oo of each pol;cy, to dr
Ilver ro sa~ MORTGNGEE a renrv.•al thereoi, eogc~he~ w:~A a rece~pt fw the p~~niNm oi such rrneM~l; a:x! ~here s~~a11 ?x ~A f~re ~v.nOStofm insuronce
piateo cw~ eny oi sa~d b~ild~ngs, a:+y ~ntcres~ the«m o~ pa~~ ?h~rcof, un:rss in tht fo~m and w~th the :oss payable as aiwesaid; and in the eveN any sum
of mor+~y txcanes payatte unde~ s~ch pol~cy o? poLdas sa~d MORfGAGfE shall Mve Qw optaon ~o rrce:ve and apN?y ~hr ss~ne w+ accoum of ~he indrbt~-d-
n~ss sa.v~ed hiveby or to ptrmil sa~d MQRTGAGORS to rccaiva and use it or any ~rt tl~ereof io~ o:in~r i:ur;~o+ca. .•1~th;~t tfi_~~~~ cr ~~u~,au-
fng any equ~ty, lien q nght undar w by vir?ve of this mc-tgage; and in the evrnt said M0~2TGAGORS shall fw any reason (ail to krep ~he sa(d pre~nisas so
;naureG, u fail to dr!~~er pran+ptly any of s.+~d po~K~es oi insurance to sa:d MORIGAGEE, oe fa~t ~:cmpfly to pay fu~ly sny r~r• •+~~„m tA e+or or in a~y
respect fail to perfo.m, d~scharge, exxu~e, efira, cm~Ntete, car.ply w~~h and ab~de by th~a cove~snt, cr any pan hareoi, sa~~ N.GR.GAGE nay p~ace a•*d
pay fw such insursnce o~ any part thrreof wi~hout waiv;r+g w af(ecting ~ny optan. lien, eqv~ty. o~ r~~h~ vnd¢r w by v~rtue of ~h;s rtgage, a~,d tht
f„II amo~n~ of eacA snd every such paymem shall be c~;•~e~y d~e and payabte and sha11 brae inte~est from ~ho date ehereof un~it ~ 9 at the rate ol
~~ne pt? CM~~m per annum an~ fu~e~her w~fh such incrr~st shaii Ge s~-currd by the I:en of this mortgage.
1. To permit, com.m7t or suffer no vva:re, imFa~rnxm w detrriorat7~n oF sa~d propaty w any part there.~f.
5. lo ~ay all and singular the costs, charges a~d ex~x~~aes, ~nciuding a reas~able at~orn~y's fce and cast• of absrracts of ri~le, incuned w pa~d a~
any time by aacd MORTGAG:E, bccause a in the event uf ~he fa~lure on N~e part of the said MORTGAGOR to du~y, prompNy and fu:iy pr-lorm, d~schars~e,
e.~rcute, efiect, conp:eee, comply w~th a~~d ab:de by each and every rFK stipvla!wns. a3reements, cond~teons, and tovenants of sa~d prcxn7ssory note and ~h~i
mo~t~age any w!~~hr, and sa.d cosn, charges and eypenses, each and every, shatl be imrt:edutely due and payab:e; wherher w not thrre be no~:ce d..~
mand, atte~npt to coi~ect u suit pcnd~ng: and the (ull a~nount of each and every such payrr~ent shail bea~ imeres~ from the da~e ~hereo{ until Faid at the
r.~te o~ nine ~xr crnturn p.r a~:~~u~~; o~w' ail sa~d wsts, cFwiaes and eaptnaes :ncu:r.,d tx paid, togalher w~lh such ~nterest, s:wll be stcured by the t~n Of thi~
mott9age.
6. That (a? in the event of any breach of this Mwtgage or deiaute o~ the part of the MORTG.>GOk, o~ ;b) in the event any of sa:d s~ms of money
herein refe.rrd to be not pro~nptly and fully paid wi~hin th,rty l30) days nea af:er the same sevr.a:ly beca+~e dur and payable, without demand o~ notrca.
e: (d in rhe event rach and every ~he sHp~,tauons, agreeme~vs, condit~ons ar.d covenanrs of :a.d p+oos~swry nore a~rd th~s nwrtgage any a e~~he~ arr no~
iv1y, promptly and fu:iy perfwmed, d•scharged. executed, eifectrd, co.npieted, compl+ed w~~h and ab~ded ~y, tF~n in e+thM. or any such evenl ihe sa~d ag
aregate sum men~wned +'n sa±d prom~sswy nore thro re:naining unpa7d, with inte~esl accwed, a+~d au meneys secured hereby, ahali uec«ne due aod pay-
a~'r furthwith, cv tfiercaftcr, at the oprion of sa~d AtO~t7GAGEE, as fuily and complrtely as ii afl of the sa~d s~ms of money were or~gina:ly st~pu:ated
ro t~r pa~d on such da/, anything in sa.d pro:r.:ssory ~otc or in this Alortgage to ~he convary notw~rF.sta~~d,ng; and thrre~pon w thrreafter at the opt~on of
s~ d MORTGAGEE, w~thout nor~ce or demand, siit at law w in equity, thrrefwe a t~erea:tcr begun, may be Fvosecuted as if all n.o~eys secured hereby
n,d matured pt~or to ~ts institut~o~.
7. That in the event that at the beginning ot w at any time pend~ng any su~t upon this Mortgage, or to taeclou is, or to retorm i1, or to enforce
F'3rm~nt of jny c!aims he~eun.~er, sa'rd MQRTGAGEE shall appiy to the Court having junsd~cuon thereof 1or the apFO~ntme+~t of a Rece:ver, sucn Co~r~ shail
iocrhwith appoiM a reCeive~ of said mortgaged property all and singular, inctud:ng afl and s~ngv?a. the inco~ne, prof~ts, iswcs and revenues ErOm wh~te~er
scurce der:ved, each and every of wh;ch, ~t being eapressly unde~sruod, is hereby ma~gaged as if speuficaily xt for~h and deuribed ia the g~anti~g and
t,abendum claoses hercof, ar+d s~ch Receiver shafi have all the broad and effect[ve f~nct.ons and powen in anyw~se enuosted by a Cour~ to a Receiver, and
s:ch appointme.~t shall be made by such Court as an admitted eq~uy and a ma~ter of abso,u~e r:ght to ca~d MORiGAGEE, and w~shout referrnce ro the
a:youaty or inadrq~acy of the ralue of the properry mortgaged or to the so.vency a insot.ency oF sa~d MORIGAGOR a the dete~,dants, and ~hat such
r_••,rs, profits, income, issues•and :evenues shall be app~ied by such Receiver accordmg to ~he tien or equrty o~ sa~d MORTGAGEE and +he p.act~ce of such _
Coutt.
8. To ou!y, promptly and fu11y perform, dis.harge, execute, ef~ed, comptete, tomply w~th and abfde by eath and evcry the sfiputations, agreemeNS,
:~ndit:ons and covenanfs ~n sa~d promissay note a»d this mortgage ut forth.
9. That in the event the cwnrrship of the mortgaged prem~ses, or any part ttxreof, becomes vested in a person other than the MORTGAGOR, the
:'ORTGAGEE, its successors and ass~gns, may, wifheut no'+ce to the MURiGApR, deal w~~h svch successw w wccessor :n interes+ w~Th re:erence to this
r o•tgage and the debt hereby secured in the same manne~ as wrth r, o~tgagw «~thout in any way vit~atir~g or d:scha~g~ng the Mortgagors' liab~lity here-
;,r.der or upon she debt hereb~ sec~•ed ~to sa:e of the Frerrises hereby mo~tgaged aznd nu forDea~aace on the pari ot the IAORiGAGEE w its successws
cr ass~gns and no exrens~on of the time fw the paymem cf the debt hereby secured given by the tAORTGAGEE or its successws or ass~gns, ahall operate
ro re+ease, d~schar~e, rtwd~fy char~ge or aifect the orig~nat liab:l~ty o~ ihe MORTGAGOR here~~, e+ther in whole o~ i~ part.
10. It is spcuficaNy agreed that t~~ne is of the essen:e of thts contract and that no waiver of any ob~~ga~~on hercunder or of 1he obtigation sr
cw.ed hereby shali at any time thrreahe: be h~!d to be a waivrr of tFw terms hereof w oi tht instrumeM secu~ed hcrby.
S 1. In add.ro~ to rne forego ~~o ~nomhiy paymenrs of p.inc'~a1 and :nteres~ req~~red by the prom;ssory r.ote sewrrd hereby, mortgagor covenants
~~d agrees tu pay to n:o-rgagee v~th eacfi month!y payr.:er.v an add~~~onal s~m est ~~a~ed b/ mo:tgagee to be equa~ to 1, 12 of the annua! cost of the follow-
A-All real property ts~es Iev~e~ or assessrd agai~st thc a6ove descrihed real esrate.
B-Pre:.:~v::~s on f~re and wl~:os:u•~ ~nSyerdr~p as here~n requ::ed to be carr'~eo en the ~mproveme~ts s:t~ate on the above described premises.
C-PfGiT::11T15 on st;ch morr~;ge g~ar~nry ;r.wra*:ce as mo•tg~ee sha:i fr~:r rme to t~i~ne deem fn +a carry on the loan secured hereby_
Mor?gagre s~a~l from nme to =i;-~e netif; mc:tgagor m writ;ng of the amou~t d•~e and payable hereundrr and such s~:n shaii thcreupon be due ar~
: 3yable on the dve da~e of th~ n~xt mo~th:~ p~im.ent a~~d each success~ve month thereafrer ~r.tit mortg~gee sha!l nctlfy mortgagor of a change in such
~ o~nt. Such sums s!~a.i ce apn:«d 'oy rs:orrgagae ro:~ard fne payment of real properry ta:es, insura~ce prem.~ms, and mortgage 9~a.anty insorance
, e~niums. .
~ IN iYITNE55 SYH~Q~Qf, rne sa~d PhORTGAv:7R has hereunto set his hand and seal the day and y first aforrsaid.
$igrxd, aled an de ive~ed 'n tFfe exnce of: /
~ ~ (Seal)
~ neth R c~an
cs~n
~ ~ - BV@ L. D7CEw Seaq
S~i.TE OF fIORIDA ~ , ` •r J
S5. ~y
~JUNTY OF St • LuCie I ~ ~ l
Kenneth R. DYew ' • ` ' :
Befwe me personally appeared a~ '
_ QVelj/lI j.• ~E'~ his wife, to me well known ar.d~J~rbwn~o me to-be
s~e ind'+vidva:s destribed in and who executed the `oregoing instrument, and atknowledged before r.ie that they executed the same -for `iTie pyrp~s :
therrin expresxd. Md the said Bvelyn L. ~Y~ .
r,:fe of the sa~d - Kenneth R. DrE1/ upon a se'p4~M~ awdpr:~'ste -
e•.~-n~nat~on by me taken separate and acart from her sa~d husband, acknowledged to and befo~e r.u that she exec~ted said instrumtnt irel:# a~ vQI~A=
_•~.y artd w~thout any compufsion, co:strair,t, apprehe~~s:on, o: fear of or from her said husband_
~ WITf~fSS my hand and off~c~af seal th~s_ ~7~'h - day of
Feb~aary X~77C A. D. 19~_
~
Notary ub~it in and for the State of F{orida st large
~ My Comm~ss'ron expi:et:
Ret~rr. To:
~ - ~
a '
~ First Federal Savin~s 3 loan Assoctat~on ' ' ~
~ t~f ~o~f Pe-~~. MY C~ ..:i :_xr:.'=S i. 9. 1974
tvhuEL• INR:/i1~N fdEp W. CtESTELHORST
~ Fore P rrte. F~crida
~ ~ ~f 9 R`'° ~ECuROfO
~ 4UCIt CbUNTr fLA.
This Instrumer,t Prepared By John W. COllins ROC: ;£;~tRAS ~
~ First Federal Savings & Loan Association ~~~~K :J:1 ~p~RT ~ ~
~ of Fort Pierce , Rlorida PfetF~~ y:~:;~~E,~~~~ J
~
~ Checked By ~ ~ ~ ~ 4~ ~~7 '73
s~ 24~3826
gC01(~~~ P'AC~~~~J
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E~~i'~ i~6~. _ . . . . . ~ ..r d 3:x..~S'"'~~.