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HomeMy WebLinkAbout2002 3. To place and condr.uo~s~y keep on the bv~ ~i.•,~s now o~ hereafte~ a~tuate on s,~d ~and ar:d on al~ eq_~~p:nen~ and pe~sona!!y co:.~::d by th~s mortg- sge, with all przm~wns M~~rron j;a,d m full, I~rc ins~~ance in tha us~ai stendord poi~ty form, in a wm a~.p~o.cd by Ihe lr,UR~Ca%.'v~i, ard w~~~dstoim insurance in the usual s~anJa.d poi.cy to~~n, in a wm appro~ed by the MURTGAGEE, in wch con~pany or ccn,pan,es as the 1A02TGAGEE may direcl; and all fi~e and w~~~Jatorm in~urance Fa~~urs on any of s~~d bu~~d,ngs, any iroerest therein or part thereol, in ~he aggr~gafe s.,.n afuresaid o~ in e:tess thereof, shall cont,~in the usval s~a~~da~d mong;gee cla~se or wch oiher cliuse as Ihe Mortyayee may ~rywre, maMing the ~cas unJr~ s.+~d poli- cies, eath and every, payab!e to said A~ORTGAGEE as ~rs intrrest may appear, and each and every such poi~c! sha;l be p~wnp~ly a~s gn~d o~~d dei~.•ared ro •ny held by sald MORtGAGEE ss lurther aecurity to sa~d mortgage dett, and, not less than ~en i~0: days in adrance oi the exp~~et~on of each pol~cy, to de- liver to said MORTGAGEE a renewal the~eof, toge~her w~~A a rece~pt for the prem~um o( svch rene+.a!; and th~•re shali be no F:re or w,~,dsio~m insuronce placed on any ol sa~d build~~~gs, any interest there~n o~ parl thr~eof, unieas in the form and wiih the loss payabte as atoresaid; ar.d in the event any sum of money beco~rrs payab!e vnder such policy or poLcies sald MORiGAGEE ahjll have the opt:on to rece~ve and ap~~:y the san~e on account oi ihe ind~te~d- neu secured hereby or to perm(t said MORTGAGORS to receive and use it w any pan ehe•eof tor o:~:•:r E:ur, ~ses, ti.~~~~o.,t ~h_~.•,~ .~.~~~~.~7 :.r •v~~~- ing any equ~ty, lien w right under or by virtue o4 th~s mcrtgage; and in the event sa:d MORTGAGORS sh;~l~ for any reason (aiI to kaep the :a~d prem~r_s so insured. or feil lo deliver promptly any oF said polkies of insura~ce to sa:d MORTGAGEE, or fai! piomptly to pay 1u~ty any prr~ni~m thercior or in a~y resprd fail to per(wm, discharge, execute, effect, comptete, comply wirh and abide by ih~s covenam, w any part h~reoi, said MORiGAGEE may piate a~~e pay for such inaurance or any pan thereof wnho~t waiviny or ef/ecting any option, tien, equ~ty, or rl~h~ unde~ o~ by vutue of this Mortyage, and the full amount of each and every such payment shall be immed'eately due a~d payable and shall bear intcrrst fre~n the data thereof until pald at the rate ol nine per cent~m per annum and to~ethrr witn wch interrst shali ba secured by the lien o( this mortgage. To permit, commit w sufier no waste, +mpairment w deterioration of said property or any part thrreof. S. To pay all and singular the costs, charges and eapen~es, including a reasonable attorney's iee and costs of abstracts of tit!e, Incurred or pa~d at any time by said MORTGAGfE, because w in the event of rllc fa:iure on ihe part of the said MORTGAGOR ro duty, promptly and fu~~y per(wm, d~acharge. executa, etfect, complete, co~nply wuh and ab:de by each and evcry the st~pulauons, agreements, condinons, and covenaros of sa~d prom;saory note and this mortgage any o~ e~~her, and sa:d costs, cha~ges and expenses, each and every, shall be immed~ately d~ and payab:e; wheihe~ or not there be notice da mand, atrempt to coflecl or suit pending; and the tult amount of each and every wch payment shall bea~ interest from the date thereof until paid at the ~ate of n~ne per crmum ~r a:in~:n; and al! sa~d costs, charges and ex~enses incurred w paid, together w~th such interest. stw11 be secured by ~he I~en of th,s mortgage. 6. That (a1 in the event of any breach of this Mortgage or default on 1M p~rt of the MOi2TGAGOR, w~b) in the evem any of sa:d sums oi mo~ey herein referred to be not promptly and fully paid within tquty l30) days next ai~e: the same seve~ally become due and payab!e, without demand oi nonce, or (c) in the eveM each and every the stipulations, agreemrnts, condrtions and covenanrs of sa.d promisiory note and ~h;a mortgage any or either are not ~uty, promptly and (~Ily performed, dscharged, ezecuted, eftected, compteted, compGed w~th and ab~ded Sy, then in e~ther o~ any such event the sa~d ag- gregate sum mentioned in said promissory note then ~emaining unpaid, with intrrest aarued, and a!1 monrys sec~red hereby, shall become due and pay- able forthwith, w thereaiter, At the op!~on of said l~M1ORTGAGEE, as iully and tompletely as if a~l 01 the said sums of money were ar,gina~ly st,p,~.a!ed te be pa~d on such day, any~hing in sa,d o~o:n~ssory note or in this Mwtgage to ~he contrary not~vithstanding; and ~hereupon or thereafter ai the op~.on of sa~d MORTGAGEE, w~thout not:ce or demand, s~it at law or in equity, therefore or thereaiter begun, may be prose:uted as if all moneys sec~red hereby hod matured pnw to ns insiitutlon. - 7. That in the event that at the beg~~n~ng of or at any time pend~ng any suit upon this Mortgage, or to forectose it, or to reiorm it, or to en{o.ce payment ol any claims hereunder, said MORTGAGEE shalt ;pply to fhe Court having jur~sd~U~on thereof for the appomtment of a Receiver, wch Covri shail Forthwith appoint a receiver of said mortgagrd propr.rty all and singular, intiud~ng oll a~~d s~ru~~iar ti,e income, profds, iss~es ar.d revenues 1rom whalcver seurce derived, each and every of wh[ch, h be~ng eapress`y undersTO:.d, is hereby mortgaged as if spec~iically set ferth and describrd in ~he granr~ng ar•d habendum ciauses hereof, and such Rece~ver ahall have aIt the b~oad and effecrive funcr.ons and po.Yers in. a~yviise entrusted by a Co~rt to a Recc~~er, a~,d s~ch aFpoinrment shall be made by such Co~~t as an admitted equity and a matter of aLsolute r;ght to said MOR7GAGEE, anJ without reference to ~he adequaq or inadrquaq of the vaiue of the p.o,~erty mongaged or to the so.vency or insoivertcy of said MORTGAGOR o~ thr deie~.dants, and that such renrs, profits, income, issues and revenues shall be appl~ed by such Receive~ accord~ng to the lie~ or equity of sa:d MORTGAGEE and ~he practice of suth Court. 8. To duly, promptly and fully p~rform, d~stharge, execute, effett, com.plete, tomply with arid abide by each and evety the slipuiat:ons, agreements, conditions and covenants in sa~d prom~sso~y note and th~s mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person o~he~ than the MORTGAGOR, the A'.ORTGAGEE, itb successors and nss~gns, may, without norice to the MORTGFOR, deal wi~h such successor a wccessw ~n inte~es~ tv~th reference to th~s mortgage and the debt hereby secured in the same manncr as w~ih lAortgagor w~thout in any way vit~ating or d~xF~arging tha fAortgagors' :iabiiity her~ ~nder or upon tne debt.hereby sewred. No sale of the premise: hereby mortgaged and 'no forbearance on the part of the NVORTGAGEE or its suctessors or assigns and no exte~sion of the hme for tl~e payment of the debt he:eby secured given by the MORTGAGEE or its successoro or ass:gns, a~~aL' operate ro reltase, dacharge, modify thange or affett the origma! Iiab.Lty of the MORTGAGOR herr~n, either in whole or in part. 10. It is speufical;y agreed that time is of the essence of th~s contract and that no waiver of any obl~gatlort hereunder or of the obligation se- cured he~e6y shaL at any time ~6ereafter be held to be a wa~rer of the tr:ms hereof or of the instrument secured herby_ I1. In add,tlo:~ to the forego nq month!y paym~nts of princ pal and interest required 'oy the prom:sscry r~o'e secured hereb~, mortgagor tovenants ar.d agrees to pay to mcrtgag~e ~r.~th each mp~th!y paye.~ent an eddr.~ona1 Sum ~sr:~.,a~ed b~ mortgagee to be equal to 1, 12 of the annual cost of the ~o!iow- ~ng: A-All real property tax.s ie•ned or assessed ag,i~,st thc above described real esrate. S-Pr~~m~ums on f;re and v.indstorm insu:3cce as hzre+n req~:~ed to be c~rn~•d on the :mprovements s~t~ate on the above dascribed prem~ses. C-Prem~ums o~ wch rrortg;ye g~aranty ir.wrar:ce as mo~t~agee sha~l fro:.^. T;me to h~ne deem fit to carry on ihe loan sec~red hereby. ' Mortgagee shael from nme to r;me nonfy mortyagor m writi~g of the a~rou~t due a~d payable hereunder and such sum sha;l thereupon be due and i c svable on the due date of the nrxt mort.n:y paynsent and each successrve monrh thereaftcr untit mcrtg3gee sha!I not~fy mortgagor of a change in wch ~ a~>>o~nt. Such sums sha~l ;,e app!ied by mortgagee tovVa•d fhe payment of real propeny taxes, insura~~ce prem.ums, a~d mortgage gvarenty insurance p~emiumS. E ~ IN Y~ITNESS YlHEREOF, rhe sa~d MORTGAGOR has hereunto set his hand and seal the day and ear first a(oresaid. i S:gned, Seated d d livered in the~esence of: ~ ~i~~1/~ C~ ~ ~ / . ~1) ~ , l - (Seal) . a~ ~ - (Seal) € ~ (Seal) SiATE OF FLORIDA • _ • Luc ie u~ COUNTY QF St . ` • Before me personally appeared -JaC{C F~, k'K1Sr51C~C . , and ~ _ Johnan R. `1CK1551C~C his wife, to me well known and known to me to be ~ the individuals described in and who executed the foregoing instrument, and acknowledged before me that they executed the same ior the purposes ~ rheroin expressed. And the said Johnan P. icKissick ~ w+fe of ihe ~~d _~ack 1?. icKissi~k _ a separate and private ~ examinatlon by me taicen uparate and apart from her sa~d husband, ack~owtedged to and before me that she executed said instrument freely and voluo- ianiy and virthour any compulsion, constra~m, appr6hens,on, or fear of or fr~m her said husband. WtTNESS my hand and offic~al seal this_ 11 t h day o ~C t t A. D. 19 73 a; Notary Public in and for State Florida at Large My Commission expire Return To: ~ - I~fARY PUB; ~C. STr,TE of FLCRIDA at LARGE ~ First Federal Savings 6 Loan Association ~ , , r r ~ Of Fort P erce. P, - ?3. 1~~$ Fo~t Pierce, Flcrida . ' ~ r t,~D ~N~ RECOROE~ .~~~~tv WCI[ CO~NT11 FLA_ . r.~ This Instrument Prepared By ?~,hn ~.ti. Collins ROCfR ~t,iTRIS ~ ti~'. ~ ' ~ First Federal Savings & Loan Association CtEFK C:'~i,Uti COURT ~t t ~~flTr~.: AfCOR'? YEk ~IEJ~~ _ ~ of Fort Pierce, -'lotida ' m-~ - : _ ~ O~t It 12 0~ PM'r3 - ~ n~. ~ ~ Checked By , n . - !i; `"~1 F I ~ , • , ~ ~z ~08~ 2~.g P~~~ 200i ~ss~s~ . ~ ~y~ „ , . ~ . ~ ~ - , - - ~ . ~ - . _ ~ . _ ~ ~ _