HomeMy WebLinkAbout0480 3. To plac~ and continuously keep on ~he bui!dings now a hereaitH ~itw~t on ~aid land and on aN equipment ~nd penonally covaed by thi~ mat~
~q~, with al) premiums ~hrreon pa~d i~ full, tire insuranc~ ~n ths viwl standard policy (orm, in • tum approved by tha MORrGAGEE, a~d windstam
in~uranc~ in th~ uiual iundard pol~q tam, in • sum app~ov~d by tM MORTGAGEE, in ~uch company a comp+nie~ ~s tM MORTGAGEE m+y
diredt and all fin a~+d wi~ds~orm insur~nu policie~ on +ny of uid buitd~nps, ai?y inqn~t thertin a put thereof, in the ~y~eya+e wm ~faesa~d or
in ~xeeu ~t+ereof. ihall comain tM usval standard rtwrtga9es clause w iuch o~M. claus~ ai tM Mortqa~e~ mey requ~rs, makinp tM lots u~der u~d po1F
cies, each ~nd ev~ry, payabl~ ro sa~d MORTGAGEE ai its intereil may appear, ~nd each and eve.y iuch policy ~hall be prompt~Y +ss:9ncd and de~ivered ~o
any h~ld by ~id MORiGAGEE as ivr~her iecurity to said matga9e debt, and, not leu than ten (10) days in advance of the expiration o1 e+ch policy, to dr
liwr ro sa7d MORTGAGEE a renewal thereof, togeiMr wi~h a receipt fo~ ths prem~um of ~vch re~wal; +nd ~her~ shall bs no f~.e or w~nd~~orm iniurance
placed on ~ny of said buildinys. any interest therein w p~rt thaeof, u~less in ~he fam ~nd with th~ lou payabk as afaeuidj ~nd in ths event aoy :urn
of nwr?ty becomei payabte unde~ iuch policy w policies said MORTGAGEE shall Mve ihs option to receive and apply tM same a? account oi the indebted-
neu secured htrsby or b permit said MORTGAGORS ro ~eteive and us~ it a any pa~t thereof fa other purposes, w~thout th:reb~ waivi~~g or unpair-
ing any equity, lie~ w righl unde~ w by virtus of thii mors~age; and in 1M evMt said MORTGAGORS shalt for any reason (ail to keep the said premi~es w
insured, or fail b deliver p?omptly ~ny of said policies of ~ntu~ante to said MORTGAGEE, a fail promplly to pay fu11y any premium thcrefw or in any
re~ped fail to perfam, discharge, execure, ~ficct, complete, comply wi~h a~d sb~de by ~his mvenant, u ~ny part hereof, uid MORTGAGEE may pl~ce and
paY tw suth insurance w any part thereof without waivinq w aHecting soy option. lien, equity, a right under or by virtue of thii Hbrtpa9e, and tht
ful~ amou~t of ~ach and evay auch payment shall be immediately due and payable ~r+d shall bear interes~ from the date thereof uotil paid at the rate of
nine per centum per annum and to~ether with such i~terest shall be secured by ti+e lien of this mortpsge.
I. To permit, tommii or sufia no waste, impairment o~ deterioratan of iaid property or any parf thereof.
5. To pay sll and iinyulu the costs, charges and expenses, including s reasonabk attorney't Fee and costi of abstrads of title, incurred o? paid st
any time by said MORTGAGfE, becavu o~ in the evenl of the failure ot? the part of the said MORTGAGOR to duly, promptly and fully perform, d~scharge.
executa, effed, complete, comply wi~h and eb:de by each and every the stipulat~ons, agreements, conditions, and covenant~ of said promissory ~ote and this
mwtgage any w either, and said costs, cMrges and eapenses, each snd avcry, shall be immediately due and payable; whether or not the~e be notice dr
rreand, attempt to collect or suit pending; aind tM f~ll artwunt of each and. every s~rch payment sMll bea. intcrest irom the date thereof until paid at the
rafe of nine per centum per annum; and all said costs, charges and exNenses ~ncurred w paid, togethe~ wrth tuch ineerest, shall be secured by the lien of this
mortysgs.
6. That (a) in the sve++t of any breach of this Mo.tgsge a default on the part of the MORTGAGOR, or (b) in the event any of sa~d sums of money
herein referred to be not promptly and fully paid within thirty (30) days ~ext after the same uverally become due and payable, without demand or r?otice,
or (c) in the event each and every Ihe slipulations, sgreements, conditions and covenaros of satd promissory note and th~s mortgage any w'either are not ?
iuly, promptly and fully perfwmed, d~xharged, executed, effected, completed, complied with and abided by, then in either w any such eveM the said ag #
gregate sum mentioned in said promissory note then remaining unpaid, with i~te~est accrued, and all moneys xcured hereby, shall become due and pay-
able forthwith, c: theresfter, at the option of said MORTGAGEE, as fully and comple~ely as if all of the said sums of money were aiginatly stipulated
to be pa~d on s~ch day, anything in sa~d promiuory note or in this Mortgage to ~he contrary notwithstanding; and thereupon w thereaiter s~ the option of
said MORTGAGEE, without notice w demand, suit at law or in equity, thcrefore or therea(ter begun, may be prosecuted u if all mw~eys secured hereby
had matured pnor to its institution.
7. That in the event that at the beginning of or at any time pc~ding any suit upon this Mortgsge, w to fweclose if, or to refwm it, or to enforce
payment of any claims hereunder, said MORTGAGEE shatt apply to the Court having ju~~sdic+io~ thereof fw the appointrtxnt of s Reteiver, tuch Court shall
Forthwith appoint a receiver o( said mo~tgaged property atl and singula~, includ~ng all and singular the income, pro(its, iuues and revenues (rom whatever
source derived, each and every of which, it being expressly understood, is F.ereby mortgaged as if specifically set- fwth and desuibed i~ the grami~g and
habendum tlauses hereof, and such Receiver shal~ have alf the broad and effective funct~ons ar~d powen ie anywi~e Mtrusted by a Court to s Reeeiver, and
:uch appointment shall be made 6y such Court as a~ admitted equity and a matter of absolute right to 'ssid MORTGAGEE; and without refNence to the
adequacy or inadequacy of the value of the property mortgaged or to the sowency or insolvency of/said MORTGACaOR w the defendants, and that such
renrs, profits, income, issues and revenues shall be applied by such Receiver according to the lien Or equity of said MORTGAGEE and the p?actice of such
CouA.
B. To duly, promptly and fully pe~fwm, dixhsrge, exetute, effect, complete, comply v:ith snd abide by each and every the stipulations, agrcements,
conditions and covenanes ~n sa~d prom~ssory note and this mortgage set fwth.
9. 7Fut i~ the event the ownership of the mwtgaged premises, or any pa~t thereof, becomes vested in a person other than the MORTGAGOR, the
h10RTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, desl with such succeuor or successor in interest with reference to this
mortgage and the deb~ hereby secured in the same manner as with Mortgagw without in any way vitiating or diuharging ihe Nbrtgagors' liability her~
under w upon the debt hereby secured. No sale of the p.emises hereby mortgaged and no forbearance on the part oi the MORiGAGEE or its successors
or assigns and no extension of fhe time (or the payment of the debt hereby secured given by the MORTGAGEE or its successws a assigns, shall operate
to retease, d~uharge, modify change w affect the wiginal liab~l~ty of the MORTGAGOR herein, either in whole o~ in part.
10. It is spec~fically agreed that time is of the essence of this contract and thst no waiver of any obligation hereunder or of the oblgaYan se-
c~red hereby shall at any time thereafter be held to be a waiver of the terms hereof a of the instrument secu~ed herby.
11. In additio~ to the fwego'~g monthly paymertts of p~inc~pal and interest required by the promisscry note secured F+ereby, mortgagor covenants
and agrees to pay to mortgaqee with each mo.uhly pay~nent an add~~ionat sum est~mated by mortgagee to be equal to 1/12 of the annual cost of the follow-
ing:
A-All real property taaes leiied or assessed against thc above described real estate.
B-Premiums on fire and windstorm insurar.ce as here~n requ:red to be carried on the improvements situa~e on the above desaibed premises.
C-Premiums on such mortgage guaranty insurance as mortgagee shall from time to time deem fit to carry on the ban secured hereby.
Mortgagee shall from time to time norify mortgagor ~n writing of the amount due and psyable Ixrcunder and such sum shail thereupon be due and
j Fayable on the due date of the next muMhty payment and each successive momh thereafter ur.til mwtgagee shall ~ot~fy mortc~~jor c e in such
~ a^~ount. Such sums sF.al! be applied-by mortgagee toward the payment of real property taaes, insurance ~s~n~ums, a~ moitgage u insurance
f premiums. ,
~ IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day end ~ ust or
I Siyned, Sealed and delivered ' the presence of:
€ ~ ,n
~ ~ _ t
a~
~t' seaq
Alice Kerwin rxa,~
STATE OF FLORIDA ~
St Lucis
couNn oF •
Before me personally appeared Robert Kerwin a~ ~
AI~CB ~~~1 his wife, to me wetl known snd known to me to be
the individuals described in and who executed the fotegoing instrument, and atkrwwledged beFue me that they executed the same fw the purposes
therein expressed. And the said ~iC@ Ker~rin ;
w~fe of the said Robert Kerwin ~pw? a sepsrate snd priwte ~
examination by me taken upa~ate and apart from her said husband, atkrwwkdged to and before me that she executed said irotrumeM freeJy snd volurr ~
ra~ily and without any compulsion, constraint, apprehensi w fear of w from her said husband. . ~
WITNESS my hsnd and official seal this day of _ ~ ~ ;A..4,~,1q` 73. ~
~ ~~~L~c~ e- • ~ - . . . ~ ~
~ Notary Public in snd fw the ate af f s af lerye , ~ :
~ ' ~ My Commiuion expirs: • ~ " ~
Rerurn To: • ARY PUB:tC: STA4E` ~ RORIDA ~t IARGE I
c '
First Fedtral Savingi 3 toan Associat~on ItY OOMMISSION QPIR~ O~C. 29.'Z91S '
Of Fort P~erte. RondeE Th~u G;ne~al?nsu~anc? UnCec'~!+ii'Z f
;
Fort Pierce. Florida , •,•~`a-'` /
. . . . . . . • ^ : ? ~
~ , .
'?/.1 G
HI.EO ANO ~EC~Y Fl ~~''~,,:i~Kit~+t~~~ ~ ;
st' IIpGcF
io~~R~S ~ °l" _
- This Instrument Prepared ByJ.H. Robezts JY. ~ ;
First Federal Savin s& Loan Association ~ ~~pR Ct~CU~i COUR? ~ ,
of Fort Pierce ~ Rlorida _ RECO~r+ YEk~*~EO \7' ~
- ~ ~r 16 10 Zs ~N'73 '
Checked By
bOoK 214 PArf ~8~ 254~06
a~
- ~ .~t 3.,` es..- c~ - ~ - - - - - - - ~ ' v;: s A~xr-~^ z ~
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s... . _.sr _ 'r.~`rt ..l ..5'..s±. a,i. .s.,+. . ,.~~.xv_