HomeMy WebLinkAbout1446 3. To p'ace and contin~ousiy kerp on the L~~ ~.i~~:gs n:,:v or h~r~ofirr yr,,,te on s.,~d i~nd and un a!! eq.~:~,n:~nt ar.d po~se~~a:ly :c.e~•_d by th~i rr.o~tg-
age. w:th ali prem;un~S ~hareon E.~~d tu~d, f~rr ins~ra~..~:~• u~ thv ~s~a~ i!a~~j.,:d po!-•:y fOrm, ~n a Scin 3~,prO:ad by tha h1i~,1:~.,:.GCE. .~~.d ~r.~:id=ro~m
~~suran~e in ihe uiwl sra~:dard ~:o;.cy iorr.i, ~n a a~~~~ ~;.p:o.rd b~ rha A1GRiGAGEE, ~n wch co,npany cr co r, an~es as tnz A',O{,~AG'_E may
d~tetl; ar.d all lire and w~ndxrorm ~nsuren~e poli:~ra on any of sa~d b.,~id~ngi, any inte~est Ihercin or part t~~~•rrof, in Ihe agg~~g~Te s~~~~ afprrsa~d or
in eacess thcreef, sh~ll cunr.~~n ~he ~s~ai sfe.,d,rd ~no~rg,gre ciausa or wch other c!auie as ~he Morty;yee may r~a~~re, mal;r~g ry+a ~oss u~~Jar s.~J po,i-
c~rs, each and eYrry, pa;a;,+r to sa~J AIJRIGAG:E as :ts ~~~i.•r~~~t ~nay appear, and each and e.ery such pu::c,r sl„i! i:r pro~T.p~ty assy~:~~i .,~J da.~.~-r~d ~o
any he~d by aa~d t.10RlGA:,EE as f~r~ha~ a_c~~;t~ ro sa~d ~~,or~g;gf d~bt, a~•d, ~o~ less than t~n ;:Q) da~s in ad.,ince of the ez;,~~at,on of e~:h po:~cy, ro dr-
Lve~ lo said MORiGAGEE a renrwal theirof. toyeri~e~ w~th a ~ece~pt !or the p~e~nium pf suth tenrr.a:; ~i~d thrre 11~ai1 be no f.re or .ti.~:dsro•~n i~s„~~nce
placed on any oi said b~ild~ngs, any inte~esf ~here~n or part thereof, ~nlesa in ihe form and with Ihe toss payat'e as afores.,id; anJ in ihe e.en1 any sum
of mon~y beco~nes pa~abi~ ~ncier aocA po;icY or p~Lc~es s~~d !dORiGAGEE sh,;il hjvr rhe opr~on to rrc..•~.•e ,~~J ~~:N!y th~• sa~~~e on dC.JJ:)1 of it~e ~~~d~•bT.,d-
c~•ss sec~.ed h~~r~~py or ro perr,:lr s.~~d !,10R7GAGORS to rcco~ve and use ir or a~~y ~..;rt ~h.,~•of tc• o:~.~ r,.~~.__,:.;
any equ.ty, I:en or right under or by VrtIJC o4 ~i~is ~»cr'yaye; a~~d m the ev~•m sad A10~iTGAGORS sh,:! for any reawn ia~( to ic~~ep t}:i sa:d {,re~r:s:s so
~nsv~ed, O~ fail to dafiver proinp:'y any of s~.d ~~ol~cirs of iniurante to sa~d I.IORIGAGEE, er i~~: pron~.y,t:~ to {~ey f~.;y any ~:r•: :•.~.~~n tn~-r~:i,~r oi i:~. .r~y
rrsF ~t fail to peiform, (I:SCharyC, e~ec~tz, eflr:t, co+nptrre. co~npiy v~i~h and ab~de by th;s covenant, oi any p.,~t tr:rrof. s:+~d t.1vk i:•::G~ E,:~~•r p~ac. ~.o
~-~3~ for Suth inSUa>nte or any parl Ih~,2reof w~rhout waiviny o+ affcU:ny a~y opfio~i, iien, eq~~ly, or n1hT ured=. pr !~y wrt,.e ot :h~s I.lor!yiyc, an~l thE
amount of each a:xi e~ery s~ch paym~nt sha;l br ~mmed~ate~y due and payab!e a~:d shatl b..~ar inir«-sr irom ~he dafe tLctcuf u~~:~i y..~d at ~i~r r„:e ot
~~e per cent~m per a~+nu:n a~~d to~.•th.~~ wrih such inse:cst shaii ;k sewr~~d by the lien of th,s mortgaqe.
To perm~t, commit or suffe~ no waste, i~r.pairment ot detrrio~a;~on of said property ot any part thircof.
5. to pay all and sing~lar the coa~s, ci~arges and expenses, ~nctud~rig a reasonable arror~ey's fee and ccs!s of rhs+~acri o4 rIr!a, ;~~cur~rd or p:a d ar
rn; tim< by s.,~d h\ORiGAGEE, t>eceuse or in ~he evrnt ol thc fa~~ure on ~he part oF ~he said h1~R7GAGOR ~o du:y, p~o,.+puy and f~.~y p~:tonn, d.s~+,3rge.
•xccute, e(fed, canp;eie, co~.~p!y w~th a:,d abde by each and eve~y the st~pclat~ons, agrer~nents, cond~t~ons, and cove~~anrs ot s~:d Fro•~~~>iory nore a~.d !},;s
,:orrgage any or e~rher, and sa d cosrs, charges a~d expenses, each and every, shall ~ imm~d~arely due and payaU:z; whrrher o~ noi r' e+x ne+~ce d~
~,.~nd, attelnpt to coUect or wit pe~~d~„g; a~d the full a~nouM of each and every such pay~nem sh~lt bear ~nfcres~ from ihe da~e ih?IBG' J~1}II pa~d et ii~e
O~ n;nC ~ttr CBn.unl ~'~~r uni+~.n; a~~G d(i SdiO CGSi1. :h3:~~S d'1d tx~;~nsri illCUtIC•C~ O! P3e[~, lOCJ~•tl~~r ~v~t}1 S~.C~I ~~,Ie'~C31, S~~dll b2 Sr[~rrt~ by 1hC i~~n Of I~t.S
,nortgage.
6. That (a) in the evem of any brrach of this Mortgage or defau~t on tha part of the MORiGAGQR, or ,b) ln the evem any oF sa d wms oi n•oney '
herein referred to be ~ot promptly and fuily paid wnhin thuty (30) days nex~ arr_•r the same severaNy Ee:on,e due and payable, w~~h,~u~ dc~na~~d or oonce.
;;r {c) in the eveM each ar.d every ~Fe stip~lai~ons, ag~eements, tond~s:ons and covenams ot sa d pro^~isso~y nore ar~d th.s n:o~tq~ge any or e~~her a~e not
i:,~y, p~omptty and fuily perfonned, d s,~+arged, a~ec~ted, effeue~, co,np;eted, complled v.ith ar.d ab~ded 5y, then in e:ther or any s~ch event the sa:d ag
~n_~ate sum rt:enhoned in said promiuo~y ncte then rcmai~ir.~ ur.pa~d, with inttre~t acuued, end a:i rnone~s setured hereby, shail brcome due and pa!-
au'e for~hwith, o. th~resfter, ar !he op•~on of se~d h50RTGAGEE, as futly and comple*ely as ii a~t of tfe~• sald sums of money wcre ong~~~a~iy st.p~,;arrd
~ be pa;d on wch day, a~ything in sa d pro nasory nota or in this htortgage ro the contrary nor~ithstandu~y; acd thrre~pun or thireafter at the opt.on of
s~ d MORTGAGEE, without r.c!:ce or drmand, su~t at taw or in equity, therefore or therraher beg~n, may be prosecuted as if a!I moneys securrd hereby
d malured pnor to as ~nshsut:en.
7. That in the eve~t !hat at rhe beg~nnfng ~f or at any time pend~ng any su~t upen th7s Mortgage, or to foieclose ;t, or to reform it, or to enforce
;~,,~nem of any u~~ins herz~r d~r, sa~d h1`vRTG:.GEE shai! apply to the Court hayi~:g ~o~,sci:ct:o.^. ther<of for the appo~ntmem of a Rece~ve~, such Cowt sF.ail
~ r?hwith apF:o~nt a recer•er of said marigaged property a11 and singu!ar, int~ud ng ail and s~ngu~ar ti~e irtc4me, profits, isiues and re~erues (rom whotever
z_ ,-ce derived, each and every of wii:ch, n be~nq eapress~y undrrstood, is ~:er~i,y mor~gagrd as ~f spec~E~ca1ly set fonh and descritxd in ihe grani,ng and
i.abendurn c!auses hereof, and suth Receive~ shaif have atl the br~ad ar.d effctr,ve fu~cr ens and povve~s ~n anyw~se entrosted by a Ce~rt to a Recri~er, a~~d
s_:h appointment shali be made 5y s~ch Courl as an admittrd eq~iry and a marter of a~;o~ute r.yht ~o so~d 1s10RiGAGEE, and ,r„f:h~ut referencr to the
.i~:~~acy or ir.adequacy of th~ vai~e of the property mortgaged or to the so~vency or ~r.,o,wrn~y oi sa:d tf.ORiGAGOR o~ t4e de~enJar~,ts, and thct such
A,~~is, profits, income, issues and revenues shali be applied by wch Recciver accorei:~~g tQ the t~en or equuy of sald lL1JRiGAGEE ar.d tt:e pract~ce of such
Court.
8. To duty, promp!',y and fuPy perform, d6scharge, execute, effect. wmp:rte, comF~~ w~'h and ab~de by e3ch and every the siipuiations, agreemems.
,o~~.d~:~ons and covenann m sa~d prom~ssory ncte ar.d th~s mortgage set forth.
9. That in the event the owr.ership of the mo~tgagcd prer,uses, or any part ti~ereof, 6ccomes vestrd in a person o+her than the MORTGAGOR, the
:"?RTGAGEE, its s~ctessun and ats~gns, may, w~shour notice to rhe 5~5pR7GAOR, deai Kvi}1 such successor or svccessor in interes! with reference to this
~~~gage ard the d~~t hereby secured in the same manner as with t::x:gagor w+fhovt in any way vinating or d~scharg~=ig the /.1~rtg~gori liab~iity here~
der or upon the dec~ nereb~ secu+ed. Vo sa'e of tf~e Fre~ius~s hareby mortaayed and no 3o~bearance on Ihe part of the /110RIGAGEE er ~ts successors
c ass+yns and no exters~on ot the h:ne 'or the paym~nt of tke debi ha•e5~ scc~red g~ven by the lJ40RTG:.GEE or its successors or ass:gns, ,i.all operate
o re~ease, d,xharge, mud~fy char.ge er atfect ~he cr;y,na! ;~si,:i~ty of the h'.ORTGAGOR herein, either in whoie or in part.
10. It is spec:ficaliy ~greed that time is of the esse~:ce uf this contiact and that no waiver of any ob?;~at;an heieunder or of the obligat,o~ sr
c•_<<d hereby sha'.i at ar.~ tin,e rneieafter be heid to be a v:v~ver of the tern,s hereof or of the instr~ment secured hrrby.
11. in atid.t.,~n to thC fc~rE_:c n:~ ~nc~nth'y p.~ym_~nri oi pri:~.t':al and int~:r~st requ!red b•/ thC prom.sscry nC'c• sz:~•ed F~:r~~b~, mcrt~,~~~r eOVPnantS
agrces eo pay ro r-,o-t~jqee v.irh each ~~,cnrt~ y pa;~ E~,t ,~n a;i:i.:,onaf w~n es'•~ ared br mor+gagee to te equa~ to l; t2 of t`zr arn;va! test of the faioN-
A-:.~~ •.-a: ~.roperry ts.-~s Ic:~ed o• ass=.sc~.d da+i~.st the ac~ve d,.s~,~;_d ._al es~ate.
8-Fr,.r:,,~r.s on i~re .~nd ::indsto~m ~r.su~a~;e i~~rr,~n r~q~:re~ !o b> ca-r,•.d en the :mprovements s;~uate on +h~ above d_scr~h~d pre:~ises.
C-Pre;n,ums on s.;cn e:o:tg.;ge guar,;nty ~~s~s~a~ce as mo~rgag~e shai: ~;c;r. t:me to time deem fit ro carry on the loart secured hereby.
4lortgagce sha'~ frcm n~::~- to t:-re notlf? rncrty~gor ;n vvr;t:~~g of the a~::o::m du_ and payable hereundar and such sum shaii th~•r~u'wn be due and
, .ab'e o~ the due da!e of th_ nexr nonth:y paymer,t and each s~;cessive ~nonen th~reafter ur.til mortgagee sF.a!1 not:fy mo=tqagor of a t4iange in wch
~ont. Such 5u:ns s~a ! be a;;p'i.•u by mor:ga_ re to:•: ~•d !he payr,~rnt c~ rraE protxrty tases, ~nsvrance przrs~;ums, a:~d mo~tg.~ge g~a•anty inswor.ce
• ,-;ums. -
iN ~'~lTP~E~S 'NNER:OF. the sa~d 1.1vRTGAGOR has F.ereunto ser h~s har.d and seal the day and r first aforesaid.
Signed, $eated and de~i~ered ir, the presence of: i~~~~ ~C~.u~"~
- - /Seal)
.
_ ~~lY~.i.... _ (Sea4
{Seal)
- - _~DY'Y'alTl _ W _ P T' (Seaq
;I ~",;TE O /t i..(.~% 4~"".~ ~ .
u.
_.:U.~TY aF ~-C~-ra,r (
' Befcre me oersonaity appeared _ _ _ GPOT`g~ 1. KP_t"t^
; • and
° ~ _~S2rY~81Ile W_ KP_Y'1^ his w~fe, to me well known and known to me ro be
~ rc_ individvals dzscribed in and v,F.o exe:::ted the foregoing instrument, and atknowledged before me that they executad the same ior the purposes
~'ein expressed. Ar,d the sa~d__- _ L~?I'Y'~?l ne W Ke T
of the said _-_~___Ge~r~e L Kerr _ upon a sepa~ate and private '
~~m~nat;on by me ta4en separate and apart irorn her sa~d h~sband, ackreowledged to and before me that she exetured said instrvment freely and volun-
j !y and w~rhovt any compu;s;on, co~~s'r;ir.t, apprehena~on, .9r~ fear of or from her said husband.
~ rf1
~ WITNESS my har.d and official sea! this_____ day of~ ~C _pb - p~ p:'~~~~
; ~L~~:/ - . ~
Nota~y Public in for the ate~ b~•~arge
My Comm~asion exp7res: ~4~.. w..t -
Re'urn 70: ~ G4R~ i :ly. f: 4. 1~ . ~ , (t ~ .
First Federal Savings a Loan Associa:,on ~~nn t••r~. ~.ti,,, •~1. :
O! =crt P..-t~: - ~ . ~ _{q~/ , ~ - .
~~z,,._.. , iC7t•.).~'l,• ~
Forr P„^ce ii~::da i' ~ . -
; ~ 3-3°-1`~ ~ , .
,
~ .
This Instrument Prepared By J* H. Roberts, Jr. - Fllrc ati:' ~.=c.?'~Ea
First Fedsral Savings & Loan Association
~ ST.iU~:t :.JJN'.Y FIA.
; of Fort Pierce ,Florida P.~i-;= * - 'P~S ~
. CtEF! ~ ~:U~' G~URT
vt~------ . - - .
` Checked B _ ~ ~ E '
~~JpK~2Cl ~~c:1~43 ~ov 1~ ~ 23 PH'7s
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