HomeMy WebLinkAbout1504 J. Ta plece and coro~nua,aly kKP on thr b~~'J,ngs no,v w FKroe(~er s~e.,aee oo s.,~d ia~u! and o++ afi equ;p:~erM aad peno~a!ly covered by i~~s mo+~g-
sge, w~th ~II prtmums ~he~eon ~~d in lull, fue ~~sv~~nc~ ~n the ~sual ata~da~d poGCy to~m, in a tum spwored b~ ~he MOR~GAGfE, a~~d w~nds~w~n
~nsur~~ce in tM uwal irandard pot~cy lam, in s sum apWo,rd by the ARORTGAGEE. in such company or compan.es as the M0~IGAGEE nnay
direct; and al~ fire and w~ndstorm inw~ance pol~c:es on ~nY o( sa~d bu~'d.n9s, a~y inte~e~t therein a pai~ ~hercwf. in ~he a99rrgare i~m afo~esa:d or
in eacess thereof, slull conra~n the usual sw~ula~d mor~gagae ciause w such othcr claus~ as tM Matg+geo m+Y ~~V~•~e• maA~~uJ tha loss u~~Jer ta~d po~i-
des, each and avery, pa>a5:e io ssid AIJRTGAGEE as ~~s m~arrf~ may appear, a~d each and eve~y aucA po!~cV shatl be pro.npt~y ass gncd e~~ei dr+~vcrrd ~o
•ny held by sa~d MORIGAGEE si fur~her security ~o aa~d morigagr debi, a~~d. ~+ot less ~han ten U01 days in'ad~mxe o1 the eap~reuon of each po!~cy. ~o de-
I~~er to said MORTGAGEE a ~enewal the~eof, ~oge~her w+~h a recc~pt for ~he prrm~um of such ~enewai; and ~hrre s?ull be ro f.re c~ w.~lds~:.~m inswance
placcd on any oi ia~d bui~d~ngs, ~ny in~eres~ the~e~n w par~ the~cof, unie~s in !he form and w~~h tM ~oss p+yable as a(orosald; a~d in ~he c~rent any wm
of monty kx<anes payab~e u~der such polity o~ po~~c]es se~d 1r~ORIGAGEE shall hsve ~he opno~ to ~ea•~Ye a~uf app!y ~he sarne w+ acco~n~ of ~ne ind~•b:c-d-
rrss sccured htrtby w ro perm~t sa~d MORTGAGORS to retaive a~x! use il w any par~ U~.rrcvf io+ o:i:. r ~.ti1~..VStS. v.,~~,c.~t ~h_n ~r .v.:~.. or P°~'-
Ing any cqu~ty, I~en or r~qht undrr w by v:~~ue of this mo::gage; and in ~ha eve~t sa~d MORTGAGORS shall tor any ~eason fail to kerp the sa~d pre~~~srs so
insured, a fail lo dr~~ve~ pra»ptly sny of said pofcies ol inw~ance to sa;d MORTGAGEE, or f~~i p~omptly to pay f~~ty any p~e~n+v~n ttxrefor a in a~y
respect fail ro pe~fo~n4 d~scharge, execute, effect, ca~~p:ete, comply wiih and ab~ds by this covenant, a+ny pa+~ hzreof, sa~d MOR7GAGEE mey p~sca a~~o
pay fw tuch insurante o~ any pan thrreof witAout waiving d affectin3 aoy option, lien, equ~~y, ot nght under p by virt~e of this Mwt9age, a~~d Iht
full ar.w~rnt ol each a~d every such paymrnt shatt be i~nmediately dve and payabte ~nd shafl baar in~rra~t trom ~he date ihe~eof ~n~il po~d af ~he r~re ol
mne per centum ~ annum and to~e~har with suth ~nterest sha{i tx securrd by the lien of th~s mw~gsge•
1. To permit, commit or su(ier no waale, impa~rment a deterioratio~ of said property or any paA the~eof.
5. To psy all and singvlar the costs, charges a~d erpenus, includ~n9 a ressonable anorney i fee and cos~s of absuaas of t~tle, incurred o~ pa~d at
,ny timr by said AIORiGAGEE, because a in the eve~r of the fa~tu*e on the part of the said MORTGAGOR ~o duly, pranpdy and fu~~Y PNfwm, d~sct~rge
a.~~cute, effect, com~2ete, wmply w~th and ab:de by each and every ~he s~~pulanons, agrermeats, cond~tiona, and covenanrs oi sa+d promiswry note a~d th~s
n:orrgage ~ny or ei~her. and sa:d cotrs. charges and expenses. each snd eve.y. shall be immediaeely due aid payab!e: whe~he~ w nof rhere be rw~~ce da
mand, attempt to collect w suit pend~ng; and the ivll artaunt of each and e~ery such paymrnt shali tea~ ~nre~eat from ~he date ~hnrrof unril pa~d a~ the
u~ n~ne per cen:um prr an~wm; and afl sa~d costs, charg~s and eaprnses inturted w paid, ~ogether w~tA wch ~nte~eit, shall be stcured by the I~rn ol lhas
morTgsge.
6. That (a) in tl?e event oF any brexh of thia MortgaJe w defauit on tM parl of she MORTGAGOR, a tb) in ~he evrnt any oF satd sums of .~~oney
he•e~n referred to be not prompt'ry and fvlly paid wi~h~n th~rty (30) days nea~ ahar the same severa!ly brcare due and payable, w~ihout demard a n~f~te,
cr ~c) in thr evers~ rach and every tlie stipvia~ions, a9reements, cond~:~ons and cove~ants of sa.d prom~ssory note a~x1 th~s mwtgage my w e~thcr are not
iu:y, prompdy and fuily performrd, d:scharged, exaured, eifected, canpkted, complied w~th and ab~ded Sy, then in either or any tuch event the sa~d eg
gregate sum menrioned in said promissory note then remaining unpaid, with intr~e;r acuued, and all moneys setured hereby, sha~~ beaxne due and pay-
ad:e fo~thnith, c+r ~hereafter, at ihe opr~on of sa~d MORTGAGEE, as fully and comFtc~ely as if a11 of the said sums o1 money were ong~natly supu:ated
ro be pa~d on s~ch day, anything in sa.d pro~n~sswy nute or in th~s Mortgage to the convary not,N~thstandi~xJ; and thereupon w tF+zreafte~ at ~he op~~on of
e~,d MORTGAGEE, w~~hout not~ce or demand, suit at iaw or in equ~ry, therefore a thereaher be9un, may be proucuted as if all mw~eys secured hereby
n.:d maturcd pnor to its imtituhon. '
7. That i~ the event ~hat at fhe beginn~ng of or at any time pend~n~ any su~t upon th~s Mo.~ga9e, a to faeclose it, w to refam it, or to enforce
p~yment of any ca~ms he~eunder, said h1CQTGAGEE shatl app!y ro thc Co.u~ having jur+sd~~non theceot tor ~he appo~ntment of a Rece~ver, such Co~rt shaH
r~•:fhwith appo~nt a rece~ver of sa~d mortgaged property ait and sing~iar, intlud~ng a11 and s~ngular the ir.come, p~ofits, issues and ~evenues from whatever
s::.,rce derived, each and every of wh.ch, it be~ng expressly undeesrood, is hereby mortgaged as ii speufically set fa~h and desuibed in the granting and
h~cend~m da~ses hereof, and wch Rrceiver shaU nave ail the Dre;ad and efiect~ve funcnw~s and powero in anyw~se entrusted by a Gourt to a kece~ver, an~
s_:n appo~ntme~~t shali be m.ade by wch Court as an ad~^.~fted eq~ity and a maiter of absolute rigAt to said MORiGAGEE, and w~Thovt re~ere~xe to the
a:i_au;cy o~ inadrqvaty of the value of tfie property mortgeged or to the so.vency or insotvtncy of said MORIGAGOR u the defendants, a~+d that svch
r~+s, profi!s, incane, issues and revenues shail be appiied by such Recriver accord~ng to the lien or equiry of said MORTGAGEE and the praU~ce of such
Court.
8. To duiy, prom;.tly and fv1ly pe~form, d~scharge, execute, cffe:t, comp;ete, comply with and abide by each and every the stipulations, ag.ee~nents,
cor.d~tions and covenants ~n sa~d promisswy noie and th~s mo~tga~e set fa~h.
9. That in the event the ow:~ershtp of the mortgaged premses, or any part theceof, becomes vested in a person other Ihan tFx A•.CRIGAGOR, the
:.~RTGAGEf, its successws ar.d ass:gns, may, wirhout not+ce ro the N.ORTGAOR, deal wi~h svch successw a successor in interes• we~n relere~ce to th~s
_•~gage a~+d rhe ~bt hereby sewred in the same manner as with Mortgagw w+IhoW io a~y way vit+ating or d~xharging the Morrgdgors' iiability here-
:~,3~~r or upon the drbt he~eby secured. No sa!e of the prem~ses hereby mo~tgaged and rro lorbeara~+ce on the pari of the /dORTGAGEE or its s~ccesso:s
e~ ass~g~s and no eare~sion of rhe t~m.e (w the paymem of the debt hereb;- secured given by the ~J10RTGAGEE o~ its successws or ass gns, a::alt op~rate
ro re~ease, d~scharge, mod~fy change or affect the orig~nal liao:tity of ~he MORiGAGOR herein, either :a whole o? in pan_
10. It is spec:f~cally agreed thar t~me ~s oF the essence of th~s con+~act and that no wa~ver of any obl~c~ar;on hereunder o? of the obtgaian sr
c~-ed hereby ~~~II at aoy time tnereafser be held to be a wawer ot the terms hereof w of the instrurnent secu*ed herby.
11. In .:dd r.c~ to the {wego'ng mon'hty payments of princ pal and imerrst required by the p~om sscry no'e sec~red hereb~, mortga3or covenants
+••d agrees to .~ay ro:^o-tg~gee v~~th each ~:^onth;y p~y:::eM an add~~~onal svrn est:~•ated by mortgagre to be equal to 1, 12 of d:e a~~:~ual cost of the fofiow-
A-AI! real prope+ty t.j~as iev~ed or assessea e^yli•:st the at•~:e d-rsa+~e3 rcal estate. '
B P.e~~:~u•ns on i~re and w;nc>fo•~n ins~ra~ce_as he.e~n req~;red ~o be carr~•d on ihe imrroveme~ts s:tuatc on the abave desc.+bed prert:ises.
' C-Prem~u~ns on s~ch matg,ge gvaranty inwra~~ce as mo•tyag~e shail fro•^ tme ro timc deem fit to carry on the ioan sewred hereby_
I Moregagee sha'! from t~me ro t:~.e not~fy mortgagor io writ~ng of the a~rount due a~d payable hereundx and auch wrn shail ~F.ereupon be due and
~ ; a,abte on thr d:,e d~te of :hz neat month[y payment and each success~ve month thereaf~~r ur.til rnortgagee sha!1 notify mortgago~ of a change en s~ch
~ ~~nt. Such sumz s~a:? ~r appiied 6y mor:gayee to~~va:d the payn~ent of real property taxes, insurance prem.vms, e:.~ rno:tg;ge g.,ora~ty insurance
~-r:r.~ums.
IN 1':ITNESS '+:HEREOf, the sa~d MORTGAGCR r,as hereurto set his har.d and seal the day and year first a(weuid.
` $igned, Seafed and de+ivered in the p~esence of: ~
i ~ aq
!
~ _ i /t - /~;~'v' - ~a~
` Q~o (Seal}
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~?'.TE OP FLORIDA 1
_JUN7Y OF I_ll[_7,P i ~
Befwe me penona:ly appeared ~rry Vander PILlYID snd
DOl'~tt1V v nder p1t1VID his w~fe, to me welt known and known ~o me to be
t~a individuals drscribed i~ and wfio e:ecuted the faegang inslrumenl, and acknowledged befwe me that they exetuted the same fw the purposes
rh•_rein expressed. And the :a~a___ Dor~hK Vander PZl1VID
r::~e oi the sa~d ~rrV Va_r,~er p1LlVID , ~pon a sep~rate and private _
_~^;:nauon by me ta~cen sepa+ate and apart from her said husband, stknowledged ?o and before me that she executed said instrument freely and volvo-
y and w~thout any co-r+pu~sion, constraint, apprehena:on, a fear of or frxn her srid husband.
WITNE55 my hand and off~cia: seal th~s_. 5~h day of Jul , A. D. 19~`~
v
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Notary Pvblic in and t State of ~~tlds Hrl~s~ge
.yre K~G:.'UEO My Comm~ss~on e:p'-'s: _ '
~ Qerum io: FIL`~~?E :.~1L`K~Y FU. ~ ` , ' ' -
T~AS •
First federal Savings 6 loan Associat~on S` ~~(,i ~ ~ ~ R;~ •x~ ' -
;.;~,~~~T GOJRT , ~ t •
Of Fort PE:ce. ~LEF.6 . . J _ - -
f1~v r•^ ~~v~ • r;: S. "t,~~~. i;' l' ^
FOfT Pi_'•CC. FIGt~(~3 Q~rfR1 ~~i[~~ - . ~ _ ~
aH 7 ~1 ~ :
10 9 32 ' , ~z - r_ .
Ju~ _ , . ~ ~ _
~ - ~ ~ ~ . ;
This Instrument Pre ared B R ~r~
P Y~.chard K. Kayes ~ v_,
'rirst Federal Savings 8 Loan Associel:on , . -~t< <~;
of Fort Pierce , R1oIld2? ~:,:.:,s;~~~
Checked By ~ - ~~~`~Q~
gaoK229 P~~f1503
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