HomeMy WebLinkAbout1436 ~o•~e k.~co on ti~.• F,..n ~.f,~.~s ' o.v Ot I.crt•~:tor p~~.t~atr on so~,c~ 'onc~ ar.t~ un a'; ..~.nt a+~d p~~rso~~a:ly c.~vcrcd 6y ihii mortg.
3. Ta p',-e ;•;d c,,~n~•,. v
eg0. with all p~an~iur-~s thrr.~on y:~d :n t~,~, hr~ ~~s..:~~.ec :n iho ~n~el sta~~~nrd po',t~ iWm, in e s~~~ a{.Yi~ L~ it~a 1',UK~l~:.G~f. a~:l ~n~~:d:tu~m
~nwrance in the vsuaf s~~nJerd yd:.cy }a n, :n a~~m a;.~.ro.nd bV t~e ht,,~RTGAGfE. in wch co:npany er cc~~, i~.~cs as ~he M02fu:.GEE may ,
dirfCt; an(~ dll ~ir! .+~~d w~nJsWrm inSuranta {.o':+c~es on any of sa~d twiid.ngi, any in~e~e~l there~n or part th_rco~. ~n the agcy~3e+e su~n aforeia~d Or `
in excnss thereof, shail :o:+ie~n ~ha uiu.:l i+~ .d.,rJ ~no~~~+~re c,au~e o~ iuch o~her da.,se as the MGrtyd)te mny ~~yu•~r. ~~~~?~~~9 n~r lois unJ~•~ s..~J po~i- `a
cies, each and rvery, pa.~U~C to sa~d 1.t02'.vAvEE ~s :~s ~~~~<<<st ~~~~y eNNee~, a:~d each and e~ery wch p,~'~cy s!.a~l br ~:rom~,f~y Asag~~rd ~~~d dr'+:~-~~•d ~o
any hrid by sa~d ;hORTGAGEE as (~~r~h~•~ s~cw~ry ~o s~~d or;3.,ga deu~. a, d. not !~ss +han ~en l~~! daYS ~d..~~~ce ol ihe c•¦~~ro~~u~~ o! rach poGcY. to dr ,
livet lo Said A1t~RfGAGEE a renea;~l tncrroi, to9e+hr~ ~ti~th a rr[e~~t for the prrn~~um of wch rencr:al; and ii~r~e aha:! no 6re or +.•.~.~.ai~.':n ir.surance
pleced on any o4 s~~J bUi+d~ngs, any in~erest thzrr~n o~ pan ti.ereoi, ur,;.,is in ~he form a+~d w~!h ~he ~oss paral,`.e as afo:es~td; and m the e~ent any tum
of money beco~~~rs payoLie ~ndr~ sv:h poiicy or p;:t.e~~s s~:d 1~'.ORiGAGEE ~ha~i have if~r o~.~.on ro rrc<~+e .~:.d a;;t:.i tti: s.+~~,e o~ account of they(~~J~~t~d~ ,
nrss secwed her;;by or !o per.n~t sa:d /10RTGAGORS ~o r_cc~vz a~:d ~se i~ or ~:,y p..,•~ ti~. .•ot c:::.. r~. .s_: ~
ing any eq~~ty, i~e~ or r,yht und•:r u by vi:tue o+ thla ~~~cr'yage; a~~d in Ihe event sad lUpR1(~AGORS sha'1 :c• any r~•sson iail to kcep the ia~d pre~n~s~f so `
insvred, or fail to dr~~~e! prompt:y dny of s~id fohties ol insurance to sa.d MOR1G~.latE, cr fo:' pro~~ :,!i~ to }~ay f~.:y eny ~>•c nw~n tt~rrr+ur or ~r. aay ,
respect iai! lo pe~form, disiharge, exec~te, eftecl, con~ple~e, co~`~p~Y x~~h ai~d ab~de by th~s covcnen~, w.i~Y V"~ ~~=~E°f, sn~d Mvi~~:~%+G~E *nay G~ac^ a~.tl
pay Fw such imurancr er any part thtreaf w~the~t waiv~ng or atF~~cting.any oNt~o~~, ~~en, ry~~ty, o~ r~~ht unJer o~ br v~r~ue of ~his Mo~tg,+ge, and tht ~
ful{ amcvm of each a~~d eve~y s~ch payment shal! Ge ~mirrdiotrly d~e end payat,ie and shaU 6ear ~ntere:~ fwm ihc d~ie the~~ol un:il p.,~~i ai ~ne ra~e o1
n~ne pet centwn per ao~~.n or:il tu~rth_~r wi!h sud~ rite~es~ sh.,1~ ~,r secured by Ihe 6en O~ Ih~s morlgyge.
4. To permit, tommi~ or wffer no waste, in~~:alrrn~~n1 M Clcte~W~etiO~ Qt aa~d property o~ any parf th~rrof.
5. To pay all and sing.,Iar tha costs, cha:ges ar,d ax~~r~~srs. ~~~clud~•~y rr=sonable avo~ney's fee and cos~s of abstrac~s oi tit;e, incurred or ps~d a~
any time by said MORTGAGfE, because or in the eveM of the ta:l~re on tiie p~rt of ~he said ~lORfvAGOR to du~y, p~on:pNy and f~ily perfojm, d~scharge.
~:ecute, effett, cempicte, to~~~~!y wnh and ab de by ea:h a~~d every the st~pv~at,ons, agrr~•~~unts, cond~t~ons, and covena~rs c( ss~d p~wn~ssory note a~:d this
mortgage any or e~~her, and sa:d costs, charges and expe~:ri, .ach and evzry, sfieil ~ immediately due and paya~'e; v.h•_rhe+ or rwt ~hr+e he nonce da
mand, atte~:~pt to co'iett or su~t pand~ng; and the full a:~~ui~~~t oi each and e.er~ Su<~1 pdy~~rN sh~li bra~ ~n+cresr from the date therrof unt~1 paid at the
t~I@ Ut i~~:~e ~:f~ cc~~1u•~~ ~~r~ w w:~~; enC. aIl s~~~ ce.sti. cr.a.~jai :.•:C~ «.,~~'.~='S c~~CU~te(~ Gf ~.d~(~, t'vycii~c`r ~o~f~t ivCh ~ntc:eit. Sf~dil b¢ SrCV:c(~ by lhe La.`n Of 1hi3
morfgage.
6. That (a) in thr event of aoy brrach of th~s tr.or~g3gr or defs~'•t cn ti~ pa~t of the 1~~ORTGnGOR, or ;b1 in ~he event any of sa'd sums of money
herein refened to be r~o` prcmprly a:~d +utly pa~d w~rh;:~ m.~ty.130i tiays ncas a~r_-r tha s.+~ne se;ere ly Ceco~ne due and p.+fab:e, wi~ho~~ demand o. no~~ce,
or (e) in thr event nach a:~d every th~ stiHu;at~o.ns, aj:~er+:e~as, co~'~d~:ions and covenann of s~d pro•n~aw:y rotr a~~d ths rtp~tgage any or e~ther a~e nol
~uly, prompNy and iu~'ry i.er4u:rned, d.i:~jrg_~d, eaec~t•.d, eifectid. c^~np~eted, con,pl:ed Jr~~h and aF,:d~.d ~~y, then ~n e.thar or any such event the sa~d ag
gregnte sum ment~oned in said pro:~~+ssory n~te !h~•n ~z~.s~r:ing vnFa~d, w~rh interc~I acuued, and ai1 moneys iecvrcd herrb~, shal! b~come due and pay
eb~e forthwith, er thereat+cr, at tha ept~on ot sa J~t~U2TGi+GEE, as tu•~y ar~ co~~p:etclY as if a~! of u~~ sa,d w~ns af money were on9~na~fy st~pu~ated
to be pa:d on such d,:~. an~th~~g in s~c: prc.n.sscry note or ir. fhis ~.bxrgage to thv co~,irarr nu~.r~+hst+~.,+.::~g; and tt,•_reuF.on or thrrca'ter at the opt~on of
sa~d MORTGAG~E, •n~ji.out noT~rr or aeia:a~,d. su~t at la.v o: +n uqvQ/, tnerrfo~e or the~ra'ier b~gun, n~ay be p~osecu~~d as if aii moneys sec~red hereby
n~d maNred pnor .to ~~s ~nst~tvt~on.
7. ihat in the e._~t rhat at the beq~~n:ng ef a~ at any i~~ne pend~ng a~y s~ t upon th~s h'o~t~age, or to foredose it, or to referm i+, or to enforce
payme~t o~ any ua~~~~s he~tur.~_r, Seld 1dJRTGAi~tE sha'i aYp~y to the CoJ•~ havu~~ +u~~ed,c~,c~, '^;'«o! fo~ ~he appo.ntment of a Rece~ver, wch C-v~rt shai~
forthwith apFoint a recei.er o1 sa~d n:c:!gagcd eroperty aiI and s~~~u:ar, inc;vd ng at a~,d sv;owar t'!:e ,+~con~e, p~of=ts. ~ssues and reve~~ues from wh~ta~er
sevrce drrived. eu!~ and every oi :vh c!~. n Gr•: g e.~~~ees'v urd_-csr;,od. is Fr~cl~t n:ec~g,~cd as if sF.ec~fica~:Y set fo~th and desuibed in the grant~~g and
h36endvm ciauses hzreof, ard s~ch Rrce~vr: sha:i ha:e a.i the br•.ad a•~d rf~c<r~.e iu,.:r.cr:s a~~d pev.en in any.vae en:r~strd by a Ccort to a Rec_•~ver, a~~d
t,ch app.;intmeitt shalf b•~ ~ad~ oy wch to~.•t as an ed ~~trrd eG.:~~~ and ~ r. rtter of abse'~te r~gnt to sa:d MORiGAGEE, a~d w~t't:out fC~(~G~~Ct to the
adequaq or inadrq~acy o4 the value of ~he prope~!y mOrt9y9ed ur to t!:~• s~..:~cr or ~n~,w.rnc~ of sa~d N.GRT;,AGOR or !he defe~~dan~s, a+:d that such
r-rnts, prof~ts, intome, issues and ra~erues sh~i~ be app.~cd by s~ch Rec~~.e~ ac=-•d•+~3 tu tt.e ;kn or equ~t~ o( s~.a t.'.JRTGAGEE a~~d ~he pract~ce of s~ch
Courf.
8. To t~~'.y, premptiy and fu!'y perEorrn, d~scha~ge, ~xec~te, e~+ect, ccT.y co;•'p'i v~lrh and ab~dn by each and e~ery th° stip~~aticn~, agreements,
cond~tions and eo+enanrs s:, d p:o~,~ssory no~c ,~:d ir~ s~,: ~s~~~e s-t fo~rh.
9. ihar in the e~~^t ~i~e awner>h~~ of th•; ^:crt~~~~-d }~re•~~:s•-s o~ a. : E-.+~t t%~er::~f, cccaT~es vested in a pe•son other than the h1JRTGAGOR, the
:~•ORTGAGEE, its succ~ss'~z and ass~gr.,, m.,y, v.~tf:o„t r,;.• !o tr,e ;:.OkiG.;: R, d•-~: +.~t'!: <_~~:h s.,ccessor or s~ca•ssor ~n ~nterest w:th reference to ihi3
n:ortgage and tne d~ct 4~e~0by SeCU~Cd in the sa<<e man,:rr as w~th M.:tg~yor w~i!:out in any ~vay vit.aiing or d~schargir~ the ldortgagors' liabil~fy here
under or upon ihe debf n~•re~y sec~r•:d. No sa:e of t~.e F re:z a>s h_•reb~ mortga~ed ar.d no forbeaience on the part ot the fAORiGAGEf or its wccessors
or assigns and no exr~-rsdon of fhe tirie for ~he pay-ne~' of t~.e deb• h~•:nr sew.ed 9~~r~ b~ ~he 11.ORSG:.G:E o~ ~rs successors or ass:gr.s, a~~all operate
io re~ease, d~scharge, mod~fy change or attect the ong~na! I~ab~:,+y of ~he ti'.GRiGAGOR here~~, either in whole w in pe:1•
IQ. It is speafcally agreed thjt t~me ~s e{ the essen:e of this contrac~ and ?hat no wa~ver of any obl~gas~on hereuncler or of the obligation sr
cvied hereby shai~ a! an7 lime ~hareafte. be h~'d to b-r a w~~:.e~ of !he terR•s M+ereof or of the i•~clru:rent secured he•b~.
11. In =_tid.r~o~ 'o the fo:~-c g c h`f ay,r..~•s o . aed . _~~?~,r'd by ti~e Fron::;cry ~,e'~- sec~red h~r~b~. mort~a~or eovenants
i and agrees to pa~ to -o••g~gee .+.'h ~•a~h ..:.n•h ~ Y~,~ .c . dn a_ i,~:~a! s~~ n~. ~.~r~~d 'n; mort~;yE2 t0 ~ equ~ t~ i i2 oi il~r ~n~~~a. cost of the foliow-
~ ~n~'
~ A--AII real prope•tf tixes levir.a, or aes_.••...: ,y::~ s: si~•. a~:.,.e d_5c•l-,. _i +~ai es+e'e. . .
~ 6-Fr_^~.~1r*.z on frtt at':d w~ndStU°m ~rsu~_::r c•5 'r_:~_m req~~^red to b^ ca:'i~d Gn the nn~rove•nenis 5.:vatt on th2 above drsc•~bed prem~ses. .
C-Pr<rr.wr s o.i <cct. rr.or;.}:;9c r'~a; dniy :r.5•~~ d~ ~5 ~-~ort~ ~~ee sr.s,i dre. ~~-+e to t~e,c dre: ~ fit to ecrry on the loan secured hereby.
1.lortgaqee s~,'. :rc.n nn,e to t~ .:e ..~e+;f; .rcrr,~3-. :r, r.rlt,r,g of the ~.-.~u d.e ai:d payable hereundrr a~:d s~ch su~., si±aiE thrreupon be due and
~ayable on th_ c'.~z da'_~ the ~~•~xt r`o'~!h'•± ~,~v~ '~~t a~~d exh svc~essi:e •re^:h 'herFafr_r u~:ti' mcrfea~ee sha!1 not~f•~ mortgayor of a change in such
_~•~:OUnt. $uch Sv::,s 5~'n.~~ L_ op{,~.:_'~ oy r.lGr'y^.Y_i~:r to:.e-C ?t,c j:_+trt.ent o~ +e=' p!CLerty taxes. ~n5ura~1CJ prern.u:n5, d:~~ m.Grty~3r Jvara~lty tnSUfante
S
~ premiums.
IN ~VIiP7ES5 ':.H`_REOf. The s~:d MOkTGt.GOR has h•rreu^~o sr! h~s hj~ d and seai rhe day and year first aforesa;d.
n~. ~zl~ ar.j .~~er_d in the presence of: Ji~
• ~.~~CCG
'~71LF1V~-t>t~aJ ~/~1 Seal)
~ % % ~
Wsl iam M, ell _~~aq
~ witness: ~ ,,J
_ _ - - l5caq
s X L 1 S • 6 1}I (Seal)
~ wi ness: ~ _ _
~ % _ ' .
~
ST:.TE OF 7D
~
~OU.'~TY OF - ~
~ Befor e persor.ally appezred _ Wllildm M. K01~_ and
Ida M. Kel ly _?,is wife, to me well known and kno,vn to me to be
~ the inJividuafs d^scr~L•ed in and who executed the foregoi~g instrument, and acknowledged before me that they eaecuted the same for the purposes
Ida M. Kelly _
;,f therein express~d. And tne sa:d_____------- -
~ ,:~fe of tnr sa~d W1111c~ID M. KQlli/ uson a separete and private
i;~ e~am:nat,on by me taken sepa•ate and apart from her sa~d husband, ack:.ow`.edged to and before me that sh~ execu;ed sa~d instru~nent freely ar.d votun-
car~ly and waho~~t any coTp:,:siun, co~utraint, aF~~Enens.on, or ar of or ~rom r said busband.
. ` li~~h ~9 '
WITNE55 my hand and offic:ai seal fhis_ - day of ^
- 1 -
_ Norary Pub~ic in a~d for the State oi Fiw+de arge
My Commnsion expires: ~~~~n~ ~ , , ~
Re!u~n To: ~
` First Federal Sa~;n~s b loan Asso:~at.on .
, ~ . • 'C
~ ~r =,.f , 1
(ora F~...cc, i:..ri:.:a ~
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- . _....~~~uRD~t:ut ':fj' . ' '
r4~ . , . ~ . .
~ : • ~ . ~
: This Instrument Prepared ByJ. H. Roberts~ 3r. . _ ,
First Federal Savings & Loan Association FILEO AND ftE.^A~OEG .l . _
~;y of Fort Pierce , Florida 33450 ST.LUCIE COUNTII FIA. ` y~.. _
ROCEii ThITitAS ,
r~; CIERK C1l~~UIT CaURT ~ . .
Checked By~- P.ECOR~ 7ER ~ ~F) • „ ,
An~ ZZ 9 5~ AM'7~
j 9~K 226 ~?~E 1~435
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