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HomeMy WebLinkAbout0728 To place and continvously keep on the bui'd~ngs now w he~eaite~ ~it~ats on sa~d ~and and on all equ~p~nero and personally tovered by Ihis mortg- sge, with all premivms ~hereon pa~d in (u!1, fire inwuncz ~n ~he usvai sra~dard po~icy brm, in • sum aNproved by tha MORi"v:.GEE, and w~ndstorm ~nwrooc~ in the uswl sranda~d poLcy form, in a sum approvcd by the MORiGAGEE, in such compa~y or compan~es as ehe MORTGAGEE may di~ectj and aU lire and windstorm insurance pol~ues on any of smd buitd~ngs, ~ny iNerest therein or part thrrrof, in the aggregare sum aforesaid w in ~xcesf Ihereof, shall :ontaio the ufual standarJ mwtgagte dause or such othe~ cla~se as the Morlgagee may requ~re, mekiny Ihe lo~t under sa~d poli- ciea, each and every, paYable ro said MORTGAGEE as ~~~~errst may appear, and tach and eve~y such po!:cy shall be prompt~y ass gned and del~vrr~d ~o + ~ny held by seid MORIGAGFE as fu«her security to said mortgage drbt, and, not Ieu ~han ~en 110f dayi in advance ol the expi~at~on of each poiicy. 1o de- ~ive~ to said MORTGAGEE a renewal ~hercoF, toge~her with a rete~pt (or the premium of such rene+val; and ~here shall be no 1~re o~ windsto~m insurance . plated on •ny ot said buifdings, any interest therein or part thcrcof, vnless in the form and with the loss payable as aforesaid; and in Ihe event any tum of money becanes payable onder sucA policy or poLcies said MORTGAGEE shall have the opt~on ro r~ceive and apply ~he same o~ account of tAe i~~abted ness sctured hereby or to permit sa~d MORTGAGORS ro rece~va and uu it or any parf fherrol for o:her purposrs, .•+:tl+o~t ihe..u~ »•..~.~~~3 c~ ~~='~Pd~•- ~ng eny equ~ty, lien or righ~ unde~ w by virtue of this mo::gage; and in ~he event aa:d MORTGAGORS shall for any reason iail fo keep the aa~d p~em~srs so insured, o? fail to de~~ve~ promplly •ny of said pol~ties of insu~a~te to said MORTGAGEE, or fail promptty to pay fuily any p~e~~:ium therefor o~ ~n a~y ' resned f~il ro pertwm, dixharge, execute, tf(ect, complete, tomply wi~h and abide by this covenanl, or any par~ hereof, sa~d MORTGAGEE may place a~~d - { pay (w such insurance or ~ny part thereof withoul waiving w alfeUing any optlon. ben, equ~ty, or r~gn1 u~der or by v~~~ua ~+~~s .':;.,.:y.,y~, a::: fu~l amount of esch and every such paymem shall be immediately due and payable snd shall bear interest from the date thereof umil pa~d at ~he rate ol nlne per tentum per enn~m and to~ether with such intereat shali tx stcured by Ihe lien of this morlgage. To permit, commil w suf(er no waste, impairment a daterioration of said property or any pa~1 thereof. ~ 5. To pay all and singular the costs, charges and expenses, ~ncluding a reasonable attaney's fee a~d cous of abstrada of title, incurred or pa~d a~ any time by wid MORTGAGEE, because or in the event of ~he failure on the part of the said MORiGAGOR ~o duiy, promptiy and fufly perfonn, d~scharge. ~ exetute, effect, tomptete, tomply w~th and ab:de by each and every the stipulat~ons, sgreements, tonditions, and covenants of said promissory note and this ~ mortgege any w either, and sa:d costs, charges and e:penses, each ar~d every, ihsl! be immediately due and F+ayable; whether or not there be nor~ce da mand, attempt to collect a suil pend~ng; a~ the full amounf of each and every such paymen~ snall bea. inrerest from thc date thereof until pa~d st Ihe : rate of nine per centvm p~:r annu:n; and all said costs, charges and expenses incurred w paid, ~ogether ~wth such interest, shall Ix secwed by ihe lie~ of th~s ~ j m W t9J9l. 6. That (a) in the event of any breach of this Mor~gage or defautt on the part of the MORTGAGOR, or ib) in the event any o~ satd sums of money he~ein ~eferred to be not promptly and tully paid wi~hin th:rty (30) days neat after the same severatly become due and payable, without demand or nat~ce, or (c) in the ~vent esch and every ~he stipulat~ons, agreements, cond'+tions and covenanta oi sa.d promissory note a~x! th~s mortgage any or either are nol iuly, prompdy and iu~ly perfumed, d~scharged, executed, effected, compteted, compl~ed with and ab~ded by, then in either w any such eveM the sa~d ag gregate sum mentaned in said promissoiy note then renwining unpaid, with interest acuued, and ail moneys secured hereby, shall become due and pay- ab,e forthwith, a thereafter, at the oprion of sa~d MORTGAGEE, as fu11y and comp~euly as i( all of the sa:d sums of money we~e w~ginaity st~pulated to be pa~d on suth day, anything in sa:d promisswy note or in this Mortgage to the contrary notrvi~hstanding; and tF~revpon or thereafter at the option o( sa~d MORTGAGEE, without not~ce o? demand, suit at law or in equity, therefore o~ thereaf~e~ begu~, may be p~osecuted as if all moneys secured hereby n~d matured p~~a to ~n institution. 7. That in the event that at the beginning of or at a~y time pending any suit upon this Mortgage, w to fweclose it, o~ to refwm if, or to enforce payment of any daims hereunder, uid MORTGAGFE shatl apply to fhe Court hav~r.g jwisduf:on thereal for the ap~~n~ment of a Receiver, such Cour~ shail forthwith appolnt a receiver o1 said mortgaged property all and s~ngula~, includ,ng all and singular~the inccme, prof~ts, issues and revenues from whatever so~rce derived, each and every of wh~ch, it be~ng expressly underatood, is hereby morigaged as if spec~lically set iorth and descr~bad in the g~an~ing and habendum ctauses hereof, and such Receiver shail have al~ ihe broad and effective funtt,ons a~d powers in anyw~se entrussed by e Cou.t to a Recei~er, and s.,:h appointment sha1l be made by suclrtovrt as an admitted equity and a maner of absolute n9ht to said MORTGAGEE, and without reterence to the adequacy or inadeq~acy of the valus ot the property moftgaged or to the so~vency or ~nso~vency of sa~d MORiGAGOR or the defendants, a~d rhat such re~~rs, profits, income, issves and revenues shatl Fx appGed 'by such Receiver accordu~g to the lien w equity of said MORTGAGEE and the practice of such Cau?f. 8. To duly, promptly and (ully perform, d~scharye, execute, effect, compiete, comply w~th and abide by each and every the stiputations, agreements, cenditions and covenants ~n sa~d prom:ssory note and fhis mortgage set forth. _ 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a perwn other tha~ the MORiGAGOR, the :'.~RTGAGEE, its successwa and as:~gns, may, without no~~ce to the h10RTGAOR, deal w~th such successor a s~ccessw i~ interest with reference to this mor!gage and the debt hereby secured in the same manner as with Mortgago. w~thout in a~y way vit+ating w d~xharg~ng the /~lcrtgagors` liabiiity here- ur.der or upon the debt hereby secured. No saie of the Frem~ses hereby mortgaged and no iorbearance on the par~ of the /AORTGAGEE or its successors cr assigns and no eate~s~on ot the hme toz tne payment ot tne deb~ hareoy secured grven by fne fViVKiUMV[L ue i~s svur>s~ns w ass:y~.s, s:.e:E u~+oin ro release, d~scharge, mod~fy change or affect the origtnal liabd~ty of the MORiGAGOR herein, either in whole w in pa~t. 10. It is spedfically a9reed that time is of the essence of th~s contract and that no waiver of any ob~~gatiort hereundar w of the obligat'wn se- cured hereby shall at any time thereafter be ~e,d to be a wa~ver of the terms hereof or ol the mstrument secured F~erby_ ' 11. In add~tEOn to the forego ng mo~fh!y paymenrs of ~rinc pa~ and inrerest required by the p~om~sscry nae secu~ed 'nereby, mor~gagor cove~ants ~ a^,d agrees to pay to morfgagee v~~~h each r.,on~hEy payr.~ent an add~uonal sum es*~~:a~ed by mortgagee to be equal to l, 12 of the artnuat cost of the follow- ~ i ~ A-AI~ real p:operty taaes :ev~ed o~ assessed aga~•ist thc above described real estate. - f 8-Premiums on fire and windstor~n insurance as nere~n reqv~red to be carricd on the ~mprovemeits s~tuate on the above desvihed premises. ~ C-Premiums on such mo~lgage guaranty insu~ar.ce as mo+tgagee shall 4rorr. t:me to tirne deem fit to carry on the loan setured hereoy. Mortgagee shall irom t~me to t~~:e not~fy morryagor in writ~ng of the amov~t due and payabte hereunder and s~ch sum shafl thereupon be d~e and ~ ;:~yabfe on the due date of the next mo~th:y paymem ar.d each wccessive month thereaft~r until matgagee sha11 notify mortgagor of a change in such ~ s^o~nL Such sums sFaii be app~ieJ by mortgagee toward the paymenT of reaf property taxes, insurance prem:ums, and motlgage guaranty insurance ~ p~emiums. iN YJiTNf55 WHEREOf, the said MORTGAGOR has hereunto set his hard and seal the day and ye~ first afor ~ Signed, Seated and detivered in the presence of: ~/GCC`~ ~ . Qt`~c~an ~ : ~ Mi ael Yd eane ~~ap € (5eaq tt J ean ~~aq SiATE OfZbCd~7C NPr ~ 0~. ~ ~ ~ ~ Er~O ~ S5. COUNTY OF ~ ~ Before me personally appeared Miehael ~91a2C~ Keane a~ Betty J. Keane his wife, to me well known and known to me to be • the individua{s described in and who exrcuted the foregoing instrument, and atknowledged beiwe me that they executed the same tor the purposes ~ rherein expressed. And the said Betty J• Keane ~ Michael Bdward Keane u n e s arate and ~vats ~ r.:fe of the said Po ~P P~ e,am~nation by me taken separate and apart from her said husband, atknowledged to and befo~e me that she executed said instr~ment freety and volur?- r>_; ~ly and wifhout any compulsion, constraint, apprehens~on, w fear of ot from her said husband. ~ WITNESS my hand and offic~al seal thi: `L3 /PD day of veaber A D. 19 73 ~ « v STAT~ FL.~RID!-i ~ ' r-~ T T Notar PubGc in and ior the State of florida t f . o= - 00 _JMEN~ARY~;.~.571~MF X ~ r > ~ c'~ K' pf~7.0~ ~fVENUE ••i~; My Commission expirw: - r! ',:N~~:lEY-'~ . ~ ~ } ~ sr ~ - .i, y ~ /f0y..iC /'~'JS~ ~ y ~ t.~ . St<.i~ ol•~y1ha~: YorA G'-. ~ '~o - #•v'!17'~3 FT " ~ ~.~0 ' , :.wp_:.-~:~:: i.sr.cy~ Co: t~to. ~2534~0~ .,,v s ~ m N = Ps Aty Ccrr.r.~issio~ Eipr.es lA,~cl1' 30, 19 ~ _ , _,ua2 ~ ~~a~.1 ~ _ , ~ , ~ . - = ~ ~ Fott Piere~ flaida ~ : L~ • ~ - • ~ RECOItDEO ~ ~ ~ ' J ' •Y^~ f 3'r` ~ ~ . I~,t. i . r • • • ~ ~ ~ This Instrument •Pre ~ed B J. H. Robezts Jr. i~~~~~E ~OUMtY flA. Pa• Y ~ aoCEF ~o+ja~S ~ Fir~t F~era{ Savings b lqan Association CLEaK C~fiCUIt COUtl~1-~" • ~ of Fon Pierce, Florida RECOR~VEP3`~ED~---=- ~ , ~ Z ~ ~73 ~ 9 0l Che k,~ed By ~ ~ - E~px2?1 f,~~E .7Z8 Ns~z~4 . ~s~ ~ ~ r : . _ .