HomeMy WebLinkAbout0448 J. To plan ~nd contl~~ously k~sp on the buildinps now or hersa(t~~ uw~t~ on said I~r?d u+d on all equipmanl +nd pena+ally covered by this ma19-
p~, wi~h all prtmiums tMreon pa~d in full, fir~ iniura~cs in 1hs uswl itandard poliq fwm, In • sum ~pproved by ~he MORTGAGEE, snd windstam
imuranc~ io ~M uswl ~qndud poticy fam. ie a sum approv~d by tl+~ MORTG/1GEE. in ~uch comP+^Y a companiea a~1+~ MORTGAGEE m+y
d'u~dt and all i'u~ +nd wi~+cbrorm in~ura~+n policies on any of wid bvildinps. ~ny inte~e~l the~ei~ a part ther~of. in tM a~yre~ate tum afo~esaid w .
in ~xtets lherwf. ~h+ll conuin tM ~sual itandard ma~p~e~ cl~u~ w t~d+ o~Fw~ clauf~ ~s tM Matys~N m~y rpuK~. makiny tM loss under sa~d poll~
cia. each and ~vKy. paYabl~ to said MORTGAGEE u its inte~s~t may appau. ~od each u+d ~very ~uth policy il+all b~ p~omptly ass.9ned and delivered ~o t>,-
~ny heW by s~id MORiGAGEE ai turtha ucurity to said mort9a9~ debt, and. not I~s~ 1M~ te~ (10) dayt i~ advsnce of the expiration of euh polky. to da
tivN to wid MORTGAGEE s renewal thertof, toqe~lwr with • receipt fw the p~~m~um of such renewal: and 1hsr~ sMll bt no fire w winds~o~m insur~nt~
pl~c~d on ~ey of sa~d buildirps. ~oy interat ther~in or par~ thereof, ~nteu in ~M form and wi~h tM loss paysbl.e a~ atoresaid: +od In ~he event any sum
of morNy becanes p+y+b~e undN such policy o? Po~icies s~id MORTGAGEE shall Mve ~hs option ro receive and apply ths same on accoun~ of ~he indabted~
neu ttcwed h~rtby p lo pe?m;1 said MORTGAGORS to repiv~ ar~d us~ it o~ any ps~t thereof 10~ other purposes, wilhout th~~cbi wa~vi~~g o~ ~~~~P+i~• .
;np any equiry, Iien w~ight w+der or by vi~tue of ~hii mortyap~t ~~d in tM went u~d MORTGAGORS shal! fo~ any ~eason fail to keep ~he said p~emises so
insu~ed, or fail ro deliver promp~~y any of said policies of iniwanu to ~+id MORTGAGEE, o~ fail promptly to pay fu!!y any prem~um ~heref« or in a~y
~espact fail to perfwm, diuMrge, executs, effed, tamp~eft. comP~Y wNh and +bide by this cove~anl, a any part heroof, s+~d MORTGAGEE may plate and
iali fa~e„n~ of ~ach and ev~rv w~cA oarmerit sh+~11V be ±jvmmediatelyfdw ar?d p+Y~able ~nd shallubear nteest f~om tM datevthereoffumil paid, at~tF?e,r~a e~ol .
nine per centum per annum and together with such iNerest sna~~ tacureo oy t~a ~~en vi inn ~~~,.~y~ya•
1. To permit, tommit or sufia oo wast~. impairme~t w deterior+lan of said property a any p~rt thereof.
S. To pay ~II u~d ainp~tu tM cwts, charpet u+d exp~~sn. i~dudinp • re+sonabk ~ttaney's fee and cosn of abstrscts of title, incurred w pa~d st
eny time by saGd MORTGAGEE, bacause ot in the event of tFa f~~lure on the par~ of tM s+ld MORTGAGOR 1o duly, pr«*~p~lY u+d f~~~Y PK~p^~ d'u~"rg'.
executs. effec~, complete. comply with and ab;de by esch and every the stipulat~ons, sgree~nents, conditions, and covenams of sa~d promiuory note and this
A~wfpaps any w eithe~. and said cosn, ch~rqea and expenses, e+ch a~d every, shall be immediately due and psyable: whethcr a not ~here be no~ice de~
a s
mand, anempt to cotlect or wit pe~d~ny: and tM full smouM of esch snd evaY s~+ch P+Ymem shall bea. intereit from the date thereof until paid ~t t
rate of nine per centum per annum; and all said tosri, charges and expeases irK~r~sd w pa~d. ~o9e~he~ w~~h sutF? ~^~er~s~• s1?°~~ be +KUred by the lien of thi~
morfpaqf.
b. Thst (a) i~ the event of ae~y bre+ch of th~s Mwtgape w default on ~hs part of the MORTGAGOR, w(b) in the ev~nt any of sa~d sums of mo~ey
hcrein refared to be not promptly and futly paid within thirty (30) dayt next aftc~ the same sevmally become due and paYable. wifhou~ demand o? notice,
or in the ewM esch and every ~he stipula~ions, sgreementi, conditio~s snd covenu+ts of sa~d promiuorY no~e and th~s mwtyage any a either aro nw
iuly, pror~tty ~nd fully paformed, discharged. executed, effected, comP~eted, complied with and abided by, tlkn in eithc? w any such eveM tF+s said ag
gregate wm mentaned in said promissory nota then remai~ir+9 unpaid. with interost atuued, ard atl moneys setuted hereby, shall betoms due and pay-
able fwthwith, w therea(ter, at ths option of said MORTGAGfE, as fully ~nd completely as if sll of the wid sums of money were orq~~+~~Y s~'P~~ated
to be paid on wch day, anything in said promiasory note o? in this Mortgage ro the contrary notwiths?anding; and Iherevpoo o~ lhereafta at the op~~on of
said NWRTGAGEE, without notice w dee+and, suit at law a in equity, thcrefore w thereafter begun, may be proxcuted as if all moneys secured hereby
had maWred prior to iri institution.
f. ihat in tf~e lVMT ioai ai i'ne oegi~~ir~tj vi ~ e: e.-.y :i~~.a ~:...~'-.:y a:~ =e: *=r='•~ ~'~*a~== 't' ~4'°t!~'~' ~ reiorm it, a to enfo?te _
pnyment oE sny claims hereunder, said MORTGAGEE shall apply to the Courf having jurisd~ction thereof far the ~ppantment of a Reteiver, such Coun :hall
Forthwith appoint a receiver of said mwtgaged propcrty all snd singular, includ~~g alt and singu~ar the iruanea pco~'1~, ~ssws ~^d revenves ~rom whatever
source derived, each and every of which, it being exp?essly ur?ders~ood, is hereby mdrgaged ss if spetificaUy iet forth and deK~ibed in the 9~aroing and
halxndum clauses hereof, ard svch Receiver shall have all the broad and effective funchons and powers in anywise entrusted by ~ Cou~t to a Receiver, and
such appointment shatl be made by s~rch Court as an admitted equity and a matter of absolute right to wid MORTGAGEE, a~d without reference to the
adequacy o~ insdMuacy of the value of the {xoperty mwtgaged or to the wwency w insolvency of said MORiGAGOR a!he defendants, and that such
renrs, profits, income, iuues and revenues shall be applied by s~ch Reteive~ +ccording tu the ~ien o? equity oi said MORTGAGEE and the practice of wch
CouA. - .
8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and sbide by each and e~ery the qtipulations, agreements,
conditaro and covenants in said promasory note and th~s mortgsge xt fwth.
9. That in the event the ow~+ership of the mortgaged pra+~ises, or a~ry part thereof, becanes vested in a penon other than the NWRTGAGOR, the
MORTGAGEE, in successws and sssigro, may, without notice to the MORTGAOR, deal with such succeuw or successor in interest with reference to this
mo.tgage and the deb~ hereby sec~red in the same r*~anner as with Mort~agor without in any way vitiatirg or dixharging fhe Mortgsgors' liability hera
under w upon the debt hereby secured. No sale of the premixs hereby mortgsged ar+d no forbeara~ce on the part of the MORTGAGEE or its successon
or auigra and no extension of the time for the paymeM of the debt hereby secured giveo by the MORTGAGEE or iri wcceuors w auigns, slall op~rate
~o releax, dixharge, modify thsnge a affect the wiginal liability of the MORTGAGOR heroin, either in whok or in part.
10. It h spec~fically agreed tMt time is of the essence of this contratl and fhat no wsiver of any obligation hereur~der or of the obl'~g+tion se-
cured hereby shall st any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby.
11. In addition to the fwego:ng monlhly payments of prin~ pal and interest required by the promissory note secured hereby, mortgagor covenants
and agrees to pay to mortgagee with each mon~hly payrnent an add~rional sum e:timated by mortgagee to be equal to 1/12 of the annual cost of the foflow-
ing:
A-All real property taxes levied w assessed against thc above dexribed real estate.
B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improvemenb situate on the above desuibed premises.
~ C-Premiums on such mwtgage gua~anry insurance as mwtgagee shall irom time to time deem fit to carry on the ban secured hereby.
~ Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunde~ and such wm shall thereupon be due and
` payable on the due date of 1he next monthly payment and each successive month theresfter ur.til mwtgagee shall notify mortgagw of a change in such
~ amount. Such wms shall be applied by mortgagee toward the payment of real property faxes, i~surante prem.ums, and mortgage guaranfy insurance _
premiums.
IN WITNESS WHEREOF, the wid MORTGAGOR has hereunto set his hand and seal the day and year ' foresaid.
Signed. Sealed s delivered in the pr of: _ ,n
vritness: W ~ M. elly ,q
vritness: ' ~ - - $ea~
- Ida ~M. Kelly ~sNr~
STATE OF ~ pQnnsylvan ia ~
York ~
counm oF
Befae me personally appesred W111131~ M. Kel1Y aed
Ida M. Kell~ his wife, to me well knowe+ and known to me to be
the Individuab described in end who executed tia ioregoinp instrument, and acknowted9ed befwe me that they executed tlx same for the purposes
therein ex essed. And the ~ Ida? M. IC@Z Z -
a? aa . e y
rvi?e of the said upon ~ wrftw ~p-d'_- ~~"wat~
examinaYwn by me taken separate and apart from her said husband, ackrwwledged ro and befwe me that she executed said i~nt~ it ~1~1~ a~Ya~M_
rarily and without sny compulsion, constrsint, apprehension~ o? fear of or from her said hu nd. w'~ f.• `t1~
f~'•~-
r" .D:
WITNE55 my hand and official seal thi< day of ? •,•..y ~:~M. .
. y
:
Notary Public in ~nd for the State
. My Commissan O:pires: ~ iin~:- ; ~ -,',~`"Z = ± ~
:
Return To: ~ • ~~/,f J.~r~' ,
Fint Federal Savings 6 Loan Association f' ':~`Rqt E. ~Arl_r'. It9fil:RY,~1~'•.~ ~l"
~ ~r+is } i..~.:~•'~~,,'
Of Fort P~erce. ,J "r r~^
. . • ,~?T. 9. 1914p ~ ~t`'J u1~:~ ~
fOrt PierCe. FlOfida in~.+.r~i~CC{i;S%iifi~.anSSc~iBi{OilGfilOtt 18Y' .
L
i~ ' '
This Instrument Prepared By J. H. RobeYts JY. f lEOI?NO RECOAOEO
First Federal Savings ~ loan Association a~~ ROCE
CFdITRAS u~'
of Fort Pierce , Rlorida 33450 CLERK CiRCU1T COUIlT p .
RECtIRO VEF:FIEO ~Q~ 4~
Checked By ~ j $ 38 ,
BOOK~~r~ PACE 447
. ~
~ ' d z