HomeMy WebLinkAbout2526 3. io p~ece ~nd cw~tin~ous~y I~cep o~~ rhe b~~~'d,ng~ nor,r o~ heroaiter s~~vate on sa~d Isnd and on ~II l•qu~~~mrnl and persona~ly ce.e~~d by th~s mori~•
egs, with all prpmi~:ns thr~eon pa.d ~n 1.,~1, Gre insw~~~cr ~n the usuat sra~~ard po':cy form, in s wm aHpr~ved 6y ti~_• MGR~vAi~EE, and w~~~dsrorm
~nsurante in the ~sval s~a,xiard po(.cy foim, in a su~n apE:ro.rd by the AIJRTGAGEE, in such compaoy or co~n;~an:es as th~ A50RTGAGEE may
d~~ec1; and aU Grs and w~nds~orm in~u~ance po:~c~es on any of sa~d twild~ngs, any in~ereet ~herein or pjrt thereof, in the agy~egaTe w~T aforesaid or
in eatess thereo(, shel) contain the uwal sta~:dard mor~gagce ciause or wch o~her ciause as Ihe Mo•tyagee may .eyu~re, mal~ng 1ha Icsi undrr se~d poli-
das, each and every, pa~ab!e to sa;d A10RTGAGEE as .n m~~rast may appea~, and each and e~ery suc!~ po,~c/ sholt be promplly ass g~~ed a~~d de:~v.r~•d ~o
any hald by se~d MORfGAGEE as i~nher sec~r~~y to sa~J ~~~o~~g~yr dobt, a~~d, oo~ tess than tQn !~0) days i•i ad:anca of the eap~~aKon of each pol~cy, to de-
Gver to said MORIGAGEE a renevf~l thereof, togerher woh a rece+pt for the prenuum o) such eenewa!; and there ah,~i! be no f.re or w~nds~o~m insurance
placed on any of sa~d b~ild~nys, any intc~est there~n or pait thereoF, unlees in ~he lorm and w~fh ~he iois payab!e as afo~esaid; and in t~e event a~y sum
ol mon~y becomes payabte under s~ch potiey or po6cies sa.d MORTGAGfE ihail hove rha opt~on ro reca~ve ond ap~~t~ ti~e sa~:~e on accoun~ o( the i~ed.t:~~•d-
ness arcwed he~eby or ro permn sa~d h10RTGAGORS to receive and ~se ii or any par~ ~hN:aof tcr o:i:<. ~,ur,.;,e• s. ...n~u..t ~h:~..,, ,v,~J:,~ cr -
ing any equAy, i~e~ M ~ight undtr or by virtue o1 thif mor'9d9N; aMl in the evenl Sa:d MORTGAGOkS Sha`.~ ,`or any re~son fail to keep tFic sa~d ptemiyes so
in~v~ed, or f~i~ fo detiver p.o~npNy any Of sa+c1 pol~c+es of insurante to s~id MOP,TGAGEE, O~ tail pron~pt{y t0 Nay 1u~ly any p~e~n~~~m Iherefor or ir d~y
iespect (ail ro pe~(orm, d~scnarge, execuie, effec~, complete, compty wirh and a5~de by th~s cove~aai. or any p~rt hrreof, sa~d MGRIC,AGEE may ptac~• a~~o
oay fw such insurence or any parl ~hereof w~ihout wa~ving or affecting any op~~on, tie~. equ~ty, or ~~ghf u~~der or by v~r~ue of th~s hlor~gaqe, and the
fyU amount ot each ar,d e•ery such paynieM shall be ~mmediately d~e and payaGle and ahall kxar intr~est irom ~ha date ~hereo( until pn~d a~ the rarc of .
n~ne per centum per an~u:n and to~eihar weth wch in!errst shali be secured by the Gen of this moregage. `
1. To permit, commit o~ suffer no waste, impairment w de~erioration of said property o~ any par! thrieof.
5. To pay all and singular the cos~s, charges and e,epenses, incJud~ng a arasonabfe ananey's iee and costs of abs~rads o1 tit'e, incur~ed or pa~d at
any time by said MORTt;AG,E, because w in the evem of the fa:lure on thr oan of the said MORTGAGOR fo duty, pro~~~p~ly and fuity perform, d~scharge.
_.~~curo, effeU, comptete, co~nply w~th a~~d ab.de by each and every the stip~tat~ons, agreements, condit~o~s, and covena,~ts of sa~d prom~ssory note a~~d th~s
,,orrgage any or eitlrr, a~7d sa:d cosrs, chargrs and expenses, each and every, shall be immcd~ately d:re and payab!e; wheiher or not ~here be nohCe da
-nand, attempt 1o co:~ect or svit perd~ng; and ~he iutl amo~n~ of each and e~:ery such payrnem shall bea. interesl from the date thereof u~til~paid at ~he
o~ ~~nc per caot~m yir Jlltlla•1Y .:nc' .~it sa~d costs, cna:ges ar~d exp~•nses ~nturfed or pa~d, togrther w,th such ~nterrst, shail be secured by the I~en of th~s
mor tgaye.
6. That (a) in the ev~nt of any breach of th~a Mortgage or defa~lt on th~ pa~t of the MORiGAGOR, or ;b) ~n the event any of sa:d su~ns of money
herein refe~red to be not promNtly and (utly pa~d w~r+~in th:rty (3p) days ne,cr airer ihe same severa".ty become d~e nnd pa~able, withou~ demand or notice,
or (c) in the event each and every the s+ipu~a~lons, agreements, tond~!ionl and tove~ants of sa.d promissory note and th,s nw~tgage any o~ e~ther are no~
~uiy, pranptiy a~d fufty perfocm.:d, dacharged. exrcuted, effeued, canp~eted, compi[ed w~ih and ab!ded 5y, (hen in e~ther a a~y such event the sa~d ag~
~~^gate sum menf~oned in sa,d pro~nissory note then remaining unpaid, with inte~est accrued, and ail moncys secured hereby, shafl become due and pay-
ab!e forthwith, or ~hereattcr, at the option ot sa~d MORTGAGEE, as (uliy arx{ tompletcly as i1 ali of tLe said svms of money were origina~ty st~pulated
to be pa~d on wch day, anyth;,.g in sa d pro n~ssory note o! in tn~s l.lortgage ?o ~he co~fra~y not,vithstandu~y; and thereupon or thereafter a~ the opt,on of
d MORTGAGEE, witho~t not~ce or den+and, w~t at law or in eq~ity, therefore or ~hereaftrr beyvn, may be prosec~ted as if all moneys setured hereby
n.:d matured p~~or ro ds insiit~t~on.
7. That ;n the event that at the beginn~ng of or at any t~me pend:~g any su;f uFon th;s Mortgage, or to fo:eclcse it, or to reform i1, or to enforce
;•aymem of any claims he•e~nder, sa~d MJRTGAGEE shalf opp!y to ~he Court ha~~ng ~unad.aion tF.ereof for the appomunent of a Receiver, such Cwrt shail
ior.h.vith appoiM a receiver of said mortgayed prpperty aU and sing~lar, includ~n9 a:t a„d s~~g~iar ~he income, prof~ts, issves and reVenues from whatever
scu~ce derived, each and every of wh:cfi, it be~ng expressiy undersrood, ~s he~eby mongag~~d as ~f speufical;y set forth and described in IhC graNmg and
n~5endum cla~ses hereof, and such Receiver shail have a!I the b:oad and eff~nve funct.cns and po~~ers in anywise emrusted by a Cou~t to a Recei~er, and
s_ch appointment shai~ be made 5y svch Covrt as a: admirred equ'rty and a matter of absotutr right ~o said MORTGAGEE, and withou~ reference to the
a<;e~q„scy or inadaYUaty of the va!ue oi the prope~:y mortgaged or !o the so:venty or ,r~soivency o( said MORIGAGOR or ihe deiendants, and +hat such
r~~+s, proiits, income, issves and revenues shail be applied by such Receiver accord:ng to the tien or equity of said MORIGAGFE and ~he prattice of wch
Courr.
8. To duly, promptty and ful~y pe~form, d~scharge, execu~N, etfect, complete, co~npf~ w~tA and abide by each and every the stipulations, agreements,
cor,ditions and covenams ~n sa~d prom~ssory note and th~s rnorigage set forth.
9. That in the eve~t the owne~sh~p o~ the mortgaged premises, or any pa.t thereof, becomes vested in a penon other fhan the MORTGAGOR, the
'.:'RTGAGFF, its successo~s a~:d as::gns, +nay, wiTho~t nc~~ce to the titORSvAOR, deal v„ith such s~ccessor or s.:ccessor in interest wnh reference to this
~•rgage and the drbt hareby sec~red ~a the same mdnn~r as w~th r,lo+tgagor witfiout in any way vit;ating or dr,charg~ng the Rtortgagori IiaO~~ity here-
~~,de~ or upw~ the debt he.eby secured. No sa;e oi tlee ~:re~r.~ses hereb~ mo.tgaged and no iort,earance on t1,e part oi the /J40RiGAGEE oc its successors
or ass~~ns and no exters~o~ of the t~rne for the payment of the debt h^••~by ser~red giren by the MORTGAGEE or its wccessurs or assigns, a~~all operate
~o re!ease, d.scharge, inad~fy change or affect the orig,nal Nau:::ry o( the M,ORT.~'iAGOR Fxrein, eirher in who:e or in pa~t.
10. It is specf;,atiy ag~eed rhat t~me is of rh~ esse~ce of thrs torvract and that no waiver of any ob~~gation hereurtder or of the obtigation se-
cured hereby shal~ at an; time ~hereaf:er ba he:d to be a vra~~er of the terms hereof or of the inserumem secured herb~.
I1. In ,cid t:o~ ta T^G fOrfc~G ~;7 ~,~cr.•h'y par~n:nrs ot gr.;nc r.~l and Intc'fE5! req~~red by the p~on, sscry nore s:cured her~b~, mo;tgagor covenanis
+,d ag~ees to pay ro n.o-rg~gee ,•.~tf~ each ~r.G~:thfy pa~~.:ent an a~d,nonal sum ~~sr-rered b~ mortgagee to be equal ~o i. 12 oi tiie anr.~a! cost of the tollow-
~
A-A~{ rEal ,.roperty t3R=S.~CVied o~ assess_d agai•,sf t4.~ a;;~Ye drscr~~ed real estate.
6 Fr,~,::,,•ns on i re and wli:detp'•^ Insvra~~ce as here~n reGv:red to bw cr.r-;~_d en the ine;:rovements s:rvate or. tF:a abev,; d-scrfbed prem~:es.
C-Pra~:,wr's o~ :,ch rrcrt~~ge gua~anty icr.,~a.._e as mortgagee s!~aN frc•n rrr.e !o tima deem fit to carry on the ~oan secured hereb~.
Rlongagee s~=t~ 'rc:.~ r~~~e to r~o,e nonf; n,crtyager ~r. .rnt,n~ of thz a~ro.~•:t dur and payabte hereundar and s«ch wrn sh,tl ther~upon be due and
.ee1e ~n the d,e cia+r of ~h~ r.:xr n,or.th.; po~~~r:,: a~:d e~ch successrve rnon~n tnereaf~~r ~r.ti1 mertgagee sha!! not~iy mo;tgagor of a change in such
~;nt. $uch wTS sF.~.i i;e apt. ~c-d try mor!~ ~g~:~ ro.•.arti ri.e payment of re~! pz•trrry taxes, inwran[e prem:ums, a id mortgage g~aranty insurance
~^niurr.s.
IPl ~'JITNESS :iHER~OF, the sa~d t110RTGAGCR has hera~nto set his ha,:d a~d seal ihe day and year first aforesaid.
Signed, Sealed: ~~d detFrered in the presence ~f:
7t.,LC ~ Ll ~n
- W~.tness _ - i ri ir
_ - - - -
• _ ~ : - ' ~ ~ ~
- criitness ,.x~r ir •
~ ~d e ~ ~ CANADA J - - ,.~n~-~- ~f _ .
~ ~ .
~JUNTY OF - -j~m~ V 'E ~
~ 1
~ Before me personally appeared :ai 1 f r zd Ki rk and
~ _ tX~ ra t hy K i rk _ h;: w~le, to r.te well known and kno•xn to me to be
! individua:s described in and who exec~~ed the foregoing instrument, and ackno~nr{edged before me that they executed the same for the purposes
` r pozothy u. xirk
; sF.~~.Pin e~cpressed. And the said__ _
t' r,~fA of the sa~d ?~ilfrid Kirk _ , upon a seqarete and private
~ ,•arn~narion by me taken separate and apart from her sa~d h~sband, atknowtedged ro and before me that she execured said inst?vmr~qt; freely and volun-
i ~a•~ly and w~tF.out any com, u~s~on, ccnsrraint, aprrenens;~l pr fear of or from her said husband. ~~Jr.
\VITNESS my hand and offiual sra! this_ _ ~ y June ~ ~ A. D. i9 73
- da of
~ - - -~~'C• _ .
- Notary Public in and for th atf of lfi Canada
My Comm+ss~on expires: ' • • _ J ' : ' _ =
Return To: % ~ " ' -
first Federal Savings 8~ loan Associat~on 1:ntary ~,c~mmis~#ci;n ¢~s ~;f~~~~e.
+ Of ~o,t P•.•a, S= w.
Fort Pi.,.ce. f ic: ~d r~• ' S
/ 1 . - ~
' i
ti
~
This Instrument Prepared 8y Thomas A. DY]. SCOll
~ F+rsi Fe~era) Savings & Loan Association FILED A~1t^ FEC~R~ED ~
5 ST. LUC3E ~~Ol'+HrY FLA. ~
of Fort Pierce ~ Rl~rida qaG~~ ri :T~AS
s
} CtERr, -:,~:~.~:j COUat
~ Checked By~~ _ ~ RFCr~R.~ ~Fk~~'~~.~.~..-
_ ~ k ~i 19 14 2~ AH'T3
~ 8i•~.1~1`) f ~r. ~~2f~ 25`7828
~ cf
f
, ~ . . ' ' _ • ' S _
'
.