HomeMy WebLinkAbout2480 7. To ptece an~1 ~oro,n~~c.t:/ keep un tiie 6~~ J~~.~t ~ww oi Lr~ruher ~•..,ete on so~d ia~xl ar.d on a!t c~~.~~,~~:•,nt and prr~onsliy co~rr~d by Ih~t mo~~g~
~y~, with all p.en,~u~.~s ~hciron Ne.d ~n IuU, f~rc u~t~~.,~~~e m the u~„ol 11d11~J1(~ `,`p;~tY turm. ~n • s~~n e~.~~w.cd b~ thc M:1k;G:.GEE. a~~d w~~~d~wun
infu~ante in tM ususl ~~~~~d,ud pu~.cy I~~m, ~n ~ wm aFp~o~ed by iM MUkIGAGkE, in tuch co~npany w cw~,~:en~ef as tha MOkIGAGEE ma~
direc?; •nd all G~s and w:nJsrorm inw~ance po~~c~rs on ~ny o1 teW bu~~d~nq~, ~ny iMeresl Ihr~em o~ p~~t iAcrrof, in ~h~ •~y~cya~e ~vm afo~aia~d a
in ~acess thrrrol, sM~! con+a,n ~he ut~al sT,,~,da~J mo~~g.+gee c!•ute a wch o~hs~ claus~ as ~he IAatyayee mey rcy~.~e, ms?~nq t+~a .o?s J~~(IM ~...J polh
cies, each and e~ery, pa~ab.'r ro sa~d h~OR1GAGEE as ~~s ~mtrc~~ mey ap~rar, and each a~d evcry wc?~ ~x.~~c~ sh,,ll Ix p~w~iN~~y +s+g~~ed a~~J dc:~v.~ad ~o
•oy held by sa~d ~410RTGAGEE as funhe~ secur~ty to se~d nwng~ge drbt, and, ool less Ihan ten ll0) days in ad:e.~ce of ihr eapuet~oo o( eoch pol~cy, to d~-
IivN lo said MORiGAGEE a renawol ~hc~eo(, ~o9etMer witA e rrce~pt for Ihe p~em~um o) wch ~onewa); e~~d ihr~e shall t~ ia f~re o~ w~r.d~~u~~n in~uranc~
pl~ted on aoy ol is~d bu~~d~~~gs, any interesl Iherem w part thereoF, u~less in ~he (orm ~nd w~th the Ioi~ payaWe as afo+eteid; ~nd in ~he event •ny ~um
of mo~ey becanes payabte ~odrr such poticy a po6ues aa~d MORiGAGEE ahall have ~hr opf~o~ to rece~vr ~nd apNty thr se:~~e on ~ccou~~~ o) ~he ,~~debrrd-
~ets ~ecured l~e~eby w to pe+m~l said MORTGAGORS to rrtr~vr and ~ss it p any pirl ther~•of iur on,. r ~;u~i :;n~s, ;.,n,:...t rt~ e..,.. .r ~~~.par.-
ing a~y equ~ty, Gen w ri9h1 unJe~ w by vi~we ol ~his mo:tgage; a~d io the evem ~sd MORIGAGORS shall !o~ any re~son fail to keep ~he ~a~d premis_s ~o
inswed, o~ fail to del~ver pranpNy any of sald pol~t~es of in~urance to sa,d MORiGAGEf, or I~d prompiiy to ~~ey f~Ity any p~c~~~w~n rhe~tfor or ~n a~y
respect fail Io pafam, dncharge, e~ecute, effeu, comptrte, comply with e~xl abide by th~~ covenan~, w any pe~t hrreof, sa~d MvRivAGEE may place a~~d
pey fw such insurence or any part ~h~.eof wnhout waiving or affec~ing any ophon, lien, equ~iy, or righe under or bt VI/IJt ol ~hfs Atatgege, •nd the '
lull ainount of each and every such paynien? shall br immedia~ely due a~d payable and ahall brar iroeres~ from ihe dat~ theieof uutll pa~d at the rata ol
nfne per ~~nt~m p@r annu:n and to~~dhrr w~th s~ch inttr~st shal{ br secured by the lien ol this mwtgage.
I. To pe~mit, tommit w suffm no waate, impairment a deter~oretion of said property or ~ny part thereof.
S. To pay all and singular 1he costs, charges and expenses, inc?uding a ieatonable atto?ney's fee and cos~s of abstracls o1 title, incurred o~ pa~d at
any time by sa~d MORTGAG:f, because or ~n the eve~f of the fa~iur¢ on the pan of ~Ae aaid MORTGAGOR to duty, pro~nptiy and futty perfw~n, d~scharge.
execute, effect, canptete, comply w~th and ab:de by each and every the stipulanons, agrea~~ents, conditions, and covenants o( said p~ornisso~y note and ~his
mortgage any or e~eher, a~id sa;d costs, charges and expenses, each and every, shall be immed~a!zly due and payab:e; whether w no1 thC~e be noece dr
mand, attempl lo collecl o~ s~it pend~ng; and the full amount of each and every such payment shall bea~ in~eres~ frwn Ihe date thereof until paid at the
r.ite of ~tiine per cantum per an~~~nr and ali aaid cosrs, ci~arges and ex~~ses incurred ot peid,- toyether ~v~th suih interrst, shall be sewred by 1he I~en of thi~
mortgage.
6. Thal (a) in ~he eve~l of any breach of this Mortgage or defaul~ on ~he part of the MORTGAGOR, a(b) in the event any oF sald sums of maney
herein referred to be no~ pranNtly and fut~y paid with~n th~rty (30) days next ait•_r the same seve~a:ly beco~~e due and payable, w~thou~ demand o~ ootite,
or (t) in the event rach and eve~y ~he stipu~ations, agreements, conditions and covenantx ol sa:d promissory nota and th~s mortgage any or eiiher a~e nm
~uly, prompNy and iui~y ~.~eriomird, d,scharg`d, execuwd, efiected, completed, complied with and abided by, tF~en io enher w any such event the sa~d ag
gregate sum mentio+~ed in sard p~omissory ncre then re~naining unpa~d, with interest aurued, and all inoneys secured hereby, ahall becume due and pay-
abte forthwith, w thereaite~, at the op~~on of said MORiGAGEE, as (ully and completely as il all of thr said sums of money were or~ginslly s~ipuiated
ro be pa~d on such day, any~h;ng in sa.d pro~n~ssory nare or in this Mwrgage to rhe cor~na.y ~o~w,~hs~and~ny; and thereupon o~ thereafter a? the op~~on of
said MORTGAGEE, witheut notke o~ demand, w~t at law or in equity, thereforo or thereaf~er begun, may be prosecuted as if all moneys secured hereby
nad matured pnor ro ns ~nst~tut~on. _
7. That irt the event that ar the beyin~f~g o1 w at any time pending any su~t upon this Mo~tgage, o? to loredose it, or to rcform it, or fo enforce
payment of any ciaims he~e~n~er, sa~d MORTGAGEE sha•.I apply to the Court having ~ur~sd.ction the~eo} for the appomtment Of a Rece~ver, such Cou~t shall
forthwith appoint a recei~e~ of said mortgaged proprrty al~ and singular, includ.ng all and a~ngula~ the inco~ne, profds, issues and ?evenurs from whatever
source derived, each and every of w}i~ch; it br~ng exNressly undersiood, is herrby mortgagrd as ~f spec~~itally sel fwth and dexribed in the gr~nting and
habend~m clauses hereof, and such Receiver shall have ail ihe bruad and effective funct,ons and powers in anyw~se entrusted by a Court to a Retrirer, and
s..ch appointment shall be made by such Court as an ad~nitted equity and a matrer of absolute right to said MORTGAGEE, and without reFerence to the
adequaty or inadrquacy of the valur of tne prope~ty morrgaged or ~o the so~venty or miolvency of said MORTGAGOR w the defendanfs, and thal suth
renn, profits, income, issues and revenues shall be applied by such Receiver accord~ng ~o Ihe tien or equity of said MORTGAGEf and the practice of such
Courf.
8. To du(y, promptly and fu!!y perform, discharge, ezecute, effect, complrte, comply w~th and abide by each and every the stipu~ations, agreemeros, ;
conditions and covena~ts in said promissory nete and this mortgage set forlh. i
9. That in the event fhe ownership of the mortgaged pren,~ses, w ony part tF~ereof, 6ecomet vested in a person other than the MORiGQGOR, the
h'.ORTGAGEE, its successo~s and asslgns, may, without noiice to the MORTGAOR, dea~ w~th such successor or successor in interest wiih reference 1o thia
mor~gage and the d~bt hereby sec~red in the aame manncr as with Moelgagor without in any way vit;ating or d~scharging the Mortgagors' liab~lity hert
under or upon the debt hereby sec~red. No sale of the Fremises hr~eby mo.lgaged and no iorbearan~e on the pa~t oi ~he MORIGAGEE or its successors
or a:signs and no earrnsion of ~he hme for the payment of the debt hereby sec~red giver by the MORTGAGfE or its successws or au~gns, ,iiall operate
ro release, d~scharge, mod~fy change or affec~ the orig~nal Ifab~6ty of the MORTGAGOR herein, e~ther in whole or in parL
10. It is spet~ficaity agreed that time ~s of the essence of this contract and rF+at no waive~ of any ob~igaflon hereunder or of the obligatan se-
cured hereby shail at an~ time th~reafter be hotd to be a wai~er of the terms hereof or of the instrument secured he~by.
I1. In audrtio? to ihe fo~ege ng month~y payments of prir.c'pal and interes+ requ~red by ~he prom;ssory no!r secured hereb~, mo:tgagor eovenants
and agrees to pty fo mortyagee v.ith eacfi mor~thiy payr.~ent an add~~iondl sum ezr „.ared by morrgagee to be equal to 1, 12 of lfse ann~a) tost ol the lollow-
in9: '
A-AIt real pcoperty te,c~s fev~e~ oi ass^se_~d ay:~i^st the at~ove desvibcd real estate.
B-Prem~vms on fire anti NiinJstorm insvrar.ce as i~erein requ~red to be carried on the improvemCnts situate on fhc above d_stribed premiseS.
C-Pre:n~~ms on suth mortg;ge guaranty ir.svrar:~p as mortga~ee shatl frcm Lme to tirne deem fit to carry on fhe loan secut~d hereby.
Morfgagee st:ait from ti-ne to ti•ne :iot~fy mortgagor in writing af the amov~tt due and payable hereundrr and such s~m shail thereupon be due and
~.ayable on the due date of the next momh:y paymem and each successive month th~reafter until mo~tgagee shafl notify mortqagor of a change in such
a^ount. $ucF~ sums ahai( be app!~_•d by mortgayee toward the payment of real preperty taxes, inwtance prem:ums, a»d morlgage guaranty inSUtaoce
F~ emiums. .
IN \~ITPJESS :'~HEREOF, the sa~d MOR?GAGOR has h~reunto set his ha~~d and seal the day and year first aforesaid.
~ /~Sig~ed, $ea~ed and /de)li~ered in the presence of: G ^ 1 _
.F'TJ ' 6~ /`l~ d~~~
~~~iLt~..L~_' 1 ?~LV//K.o ~
~ 88 °n
~ ames M. McKeever =g
~ - ~ . ~ : _V71.~.. ~ ~.~..~s., jn
~W tness _ Claudia H. MCIC~eve7c ~~~a~~
SjA7E OFfLQRIDA ~
SS.
couNrr o~ _ S~_Ly«~e _ ~
Before me personally appeared .~a~Q,'S M• MeKeever
end
C~~dia H. McKeevez h~s wife, ro me well known and knowe to me to be
the individuals described in and who executed the foregoing instfument~ and ackr~oyvIg~g ed befwe me that they executed the same iw the purposes
th~reia expreased. And 1he :a~d__~_ Claudia H~ !lCKQever
, .y~fe of the :d~d James M. MeKeever upon a separate and priwte
exami~ation by me taken separate and apart from her said husband, atknowledged ~o and before me that she ezecuted said instrurnent freely and volun-
, !enly and witho~t any compulsion, cor.straim, apprehension, or fear of ot from har said husband.
WITNESS my hand and ofFic~at seal ih~s_ _ day oi ~ A. D. 19 73
Notary P ~c i and for the State of Fbrida af Larye !
My Co ~ssion expires: Jp, / l~ 7yf
Return To: ~ ~
First Federal Savings S Loan Associahon ~~'~'•~''r
O~ Fort P..•rce. ~
, . . J
fur P:..•ce. f~or~Ja eti~,' ' ;
, ' . ~ f ~ • I. ~
• i
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it~EC p~t~~DfD y. = ~ ~
, • ~ ~
WC _ 1~ Y FLA. :y : :.1 c
This Instrument Prepared 8y J. H. Robettf ~ •~:Rr;: _ : ; -K~S : Q ' :~j =
; First Federal Savings 8 Loan Association ~1 E~,. ; ;,i r ;~,~T ~ ~ :~a ~ `v ~e
; of Fort Pierce~ Florida oc~ v'~ ';~y°'•••....,•.•
, S+ ~
Checked By~~------- A~R (0 ~U ZC ~~'73 6~AT~
2516'7'~
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