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HomeMy WebLinkAbout0375 3. To place a~d conrin~ously kcep on the bui:din9s noar or hereafter ~~tuate on sa~d ~and and on att equ~p~nent and pe~ionally cove~ed by this mortg- sg~, with ~11 premiurt~s thereon pa~d in Iull, fire in~~rance in the ~sual st:~xJard polity form, in a sum approvnd by th~ MORiGAGEE, and wintlStOr~n insv~~~t~ in 1he uiual s~andard pol~cy fWm, in a ~um approved by IM MORTGAGEE, in iuch compa~y or compan~es a~ ~he MORTGAGEE may ' direc~; ~nd all fire and wioduorm in~urance poliues on any of said build~ngs, any intsrest therein o~ part Ihe~eof, in the aggreya?e tum ~loresaid or excea Ihereof, shall contain ~ha usual s~andard ma~gagee c~suse a such other clauss as ~he Mortgayee may requ~re, meking ~he loas u~cie~ si~d poli- ues, each and ~very, payable to said MORTGAG'_E as its in~eres~ may appes~, and ea<h and every suth pol~cy shall be prompfly ass gned and del~vered ~o any held by se~d MORiGAGEE as fur~her security to said mortgage debt, and, nol tess than te~ (10) days in advance of the e~piratio~ of each pot~cy, ~o de- liver ro said MORTGAGEE a renewal lhereo(, to9ether with a receipt (or the p~emium oi such ~enewal; and there shal! be no i~re o~ wi~zdsro«n insurance pleted an ~~y of said buiidings, any inre~es~ thercin o~ ps~f thereoi, unleu in the form and with 1M loss payable as aforesaid; and i~ the event any sum of money becomes payable under such policy w pol~cies said MORTGAGEE shall hsve the opt~on to receive and apply the sa~ne on accounl o( the indebted- neu secwed hereby w w permil said MORTGAGORS 10 ~ecerve and use it or any part theraof tor othcr pw~,oses. .v,~ho~t ~h_r.ui svai~i~,g or ~~~,pa~i- ing any aquity, lien or right under or by virtue of this mo-tpage; ~nd in the event sa~d MORTGAGORS shall tor any reaso~ fail to keep the said prem;sas so insured, w fail to de!ivr promptly ~ny of uid pol~cies o( insurance t~ said MORTGAGEF, or fail prompt~y to pay futty any prernium the~efor a in any resped iail to pa(wm, discha~ge, execute, effed, complete, comply wirh and abide by this covenant, a a~y part hereof, seid MORTGAGEE may piace and pay fw such insurance or any parf thercof w~thout waiving w affecting any opt~on, I+e~, eqvity, o~ n9ht under or by v~rtue oF tfiis Mortgage, and ~he tu11 amount of each arxl every such payment sha~l be immcdiafely dve and payable and shal! bea~ interesf from the date ~hereoF until paid et the rate o1 n~ne per centum per annum a~d together with such interest shall ~ secured by the lien of Ihis nwrtgage. 1. To permit, commit w suffer no waste, impai~ment w deteriorat~on of said properry w sny psrl thereof. 5. To pay all a~d ~ingulH Ihe costs, cMrges a~d expe~ses, i~cludirg a reasonable ~ttor~ey i fee and costs of abstracts of t~tte, incurred or paid at any time by sald MORTGAGfE, becauae a in the event of r1?e fa~lure on the pan of the said MORTGAGOR to d~ly, pron,p~ty and fully perfarm, d~scharge. execute, effect, comptete, cwnply w~th and ab:de by each and every ~he stipvlai~ons, agreemeros, cond~tions, and covenants of said prar.issory no?e and th~s mortgsge any or ei~her, and u~d cosrs, charg~s and eapenses, each and eve~y, shali be immed~ately due and payable; whether p iwf there be notice d~ mand, atrempt to collec? a suit pcnd~ng; and the tull amo~nt ot each and every such paymenl ~hall bear ineeres~ f~om the date thereot until pa3d at the .are of nine per cenrum pe~ annum; and all said cos~s, charges and expenses incurred or pa~d, ~ogether w~th auch imerest, shatl be secured by tAe tien of thl~ monyaye. 6. That (a? in tF?e event of any breach of this Mortgage o~ default on the part of the MORTGAGOR, w(b) in the erent any ot sa:d sums of money ~ herein referred to be ~01 p~omptly and fully paid w•ithin thirty (30) days nex~ afte~ the same severelly become due and payable, withoul demand or notite, er (c) in the event each and every the sliputations, agreeme~ts, canditio~s and covenants of sa:d promissory note and th~s mortgage any or eilher are nol iuly, prompNy and 4ully perfwmed, d~xharged, executed, etfected, cpnpkted, complied wnh and abided Sy, then in e~ther or any iuch evem the sa~d ag c~regate sum nxntioned in said promissory note then remaining unpa~d, with in~eres~ actrued, and atl moneys secured hereby, shap betome due and pay- ab;e forthwith, or thereafter, at the oprion of said MORTGAGEE, ss fully and completely as if al) of ~he said sums of mon~y wcre or~ginally st~pulated ro be pa~d on wch day, anything in aa:d prom~ssory no~e w in ~his Mortgage to the contrary notwifhstanding; and thereupon a thereafrcr a~ fhe opuon of sa:d MORTGAGEE, without not~ce or demanrl, suit at faw or in eauity, therefoae or fhereafter begun, may be prosec~ted as if all moneys secured hereby had matured pnor to its institution. 7. That in the event that at ~he beginning o1 or at a~y time pe~d~ng any wit upon fhis Mortgsge, or to foreclose it,-or to reform it, or to enforce payment of any cla~ms hereunder, said MORiGAGEE shatl apply to the Court hav~ny ju~isd;ct;on thereof fw the appocntment of s Receiver, such Court shall forthwith appoinf a receiver of said mortgaged property all and singular, inctud~ng af~ and singular the income, proiiis, issues and revenues from whatever source derived, each and every of wh:ch, it be~ng expressly underssood, ;s hereby mor~gagrd as if speuficatly set forth and desv7bed in the granting and habendum clausas hereof, and such Receiver shall have ali ?he broad and effective fut+tt~ons•'and po~rers in anywise entrusted by a Co~rt to a Reteivar, and :~ch appointmenl shall be made by such Court as an admitted equ:!y and a maner• of' ibtdute riqkt to said MORTGAGEE, and without reference to thr adequacy w inadequaty of the value oi the p~operty mortgaged or t to he so~vency or insolvency of said MORTGAGOR a the defendants, an~ that such rems, profin, income, iuues and revenues shall be applied by such Receiver accordmg to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and futly perform, discFarge, execute, eifect, complete, compty with arsd abide by each. and Mry~l~e stipulations, agreements, conditions and covenann ~n sa~d promissory note and this mwtgage set forth. 9. That in 1he event the ownership of the mwtgaged premises, a any parf thereof, becc~mes vested in a person other than t!x MORTGAGOR, Ihe M,ORTGAGEE, its svccessas and assigns, may, without notice to tfie MORTGA~R, deal with svch successor or successor in 'rnteres? with seference to this mo.tgage and the dabt hereby sec~red in the same mannet as with Mortgagor without in any way vitiating or distharging the Mortgagori liability here- under or upon the debt herety secu~ed. No sale of the premises hereby mortgaged and no fwbearance on the pan of the MORTGAGfE or its successws o. ass~gns and no extension of rhe rime for the paymenr of fhe debt he,eby secured given by the MORTGAGEE or its successws w auigns, atiall operate to release, d~xFurge, modify change w affect the original liab;lity of the MORTGAGOR herein, eitFror in whole or in part. 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligat~on hereunder w of the obligation se- c~red hereby shaf( at any time thereafier be hetd to be a waiver of the terms hereof or of the instrument secured herby. 3 ~ 1 L In add:tion to Me forego:~g momhly payments of prir.c'pal and in~erest requ~red by the promissory ~ote sec~red hereby, mortgagor covenams ~ ~~d agrees to pay to mo:tgaqee v.ith each monthly payr:~ent an add~r~onal svm esrmared by mortgagee to be equal to 1:'12 of ihe annual cost of the follow- ~ng: ~ ; A-Alt real property taxrs tevied or asseszed aga~•,sr the above describ~d real estate. E B-Premiums on fire and .vindstorm insurarce as herein requ:red to be carried on the improvements sitvate on the above d~scribed premises. ! ~ C-Premiums on suth mortgage guaranty irtsvrance as mortgagee shalf from time to time deem fit to tarry on the loan secured hereby. ~ r Mortgagee shall from time to time notify mongagor in writi~g of the amount due and payable hereunder and such surn shati thereupon be due artd c~vable oo the dve eate of the next monrh!y pay~n~m and each successive momh thereafier urtil mortgagee shall notify mortgagor of a change in such a-,ount. $uch sums sha:l be applied by mortgagee toward the payment of real propeny taxes, insurance prem;ums, and mortgage guaranty insurance p~emiums. IN WI7Nf55 WHFREOF, the said MORTGAGOR has hereunto set his hand and seal the day and st a(oresaid ~ 'gned, Sealed and detivered in the prese~ce of: ~ . v ah ~ s~ond Panl Kel2 cs~sn i ~ (Sea4 ' 1e T. Kell ~~ai~ STATE OF FLORIDA ~ COUNTY OF St. Lucie ; ' } ~ Before me penonal~y appeared ~esmcnd Paul Kelly a~ i Je~nie T. Kellv his wiie, to me well known and known to me to be ~ the individuals deuribed in and who executed ti~e faegang instrument, and ac4nowiedged befwe me that they executed the same fw the pu~poses ~ therein e:pressed. And tFro said Jennie T~ KP.11}I ~ Desnond Paul Kell • ~ . ' .vife of the said - y u~K1~~Ay/~ private e.~rnination by me taken separate and apart from her said husband, atknowl ed to and befwe me that she executed said iq~1~~n~t fr~ly~ l~,volurt- : rar~ly and without any compulsion, constraim, apprehension, or fear of or r sa usband. `t~~~~(j ? WITNE55 my hand and official seat this 7th d y of .T @~ q~,P.~. _ : ~ ~ ~ ~ t ~ ~ ~ • ~ ^ ~ Notasy Public in and for the SAtato~.flq{jd Lai~, My Commission expirer. _ ; ~ ~ ~-J ~ ; ~ _ ~ Return To: r , . : ; . ` fint Federal Savings 3 loa~ Associar~on _ ~ Of Fort P~erce. . , ' s~''D:L„ a~ ' • ;/C`~~. Fort P~e:ce. Florida I~~~~~ . . , !'~'IY' 1 !]9~ _ ~ . _ :.'a:.n::iJ 1(IS:~(dii~C CiO. ~ t ` Fii~o aK~ ~~co~~E~ This Instrument Prepared By .1ohn W. COl11AS ST. LtICiE COUNTY FIA. ~ First Federal Savings & Loan Association ROCi%~ =~~T„AS ~ s of Fort Pierce ~ FlOt'ida `%~Ent _~~1f ~OURT 1 qcrr~~;~ v= ~ - ; Checked By ~ 'O pu ~7~ Ntl ~ 4 ~~Ui ~~i~~ S~~ ~ - - - - - - - - - , ' Ps u u ~ w^ t ;~~h '}t"~ ~ 'z'~`~.:.r ' ~ ~,.,..~~-f ~ s."~`~ ~-~.:...~-~.~-,,.._,.~^<~r o- . i -~,.5. rf : ~,~~~*~~s'~..