HomeMy WebLinkAbout1019 3. To place and conrinuousiy keep on fhe bui!dmga now or he~raffer ~itu~!e on s.,;d ~an~ and on ol: equipm.nt and penons~~y covared by thi~ mwtg-
ege, with all p~emiums thereon pa.d in futl, fue irs~ra~ue m ~he uw~1 s~ai~d~rJ pc~~ty ionn, in a sum ap~xovcd b~ the MOR~i~AGEE, and wmdstorm
nswaoce in the usual standard po:~ty fam, fn a aum approved by ?he MCRTGAGEE, in such tompany or compeniet as the MORiGAGEE may "
d~rec~; and al{ tiro and w]ndsio~m inwrancr po!rcins on any of s~id build~~ye, any in~crest therein or parl thereof, in the eggregate wm ataesaid w
in excess Ihereof, sh,~ll conrein the usval standard mortgagee ciause w such othe~ cl ~u~e ai the Matgagee may requ~re, meking ~he tos~ u~der sa~d pol4
c.ei, each and every, payab!e to sa~d h1J~Tl~AGEE as rts intrr~•st m.ay apyear, and ea:h snd ever~ ~vch po~~cy thell be pron:Ntiy ass g~~ed a~~d detive~ed ~o
any hefd by sa~d lhORiGAGEE as lurther srcwity lo sa~d enongaye dabt, ar.d, nut I<ss than ten ~iJ) days in ad.a~xe oi ~he expirat~on o4 each pol~cy, ~o de-
I~~er ro said MORiGAGEE a renewal thereof, togethrr wiih a rece~p~ for the pra:~,ium of s~ch rone,nal; an~l ~t,rre shall t» no f~re o~ windsrorm insurance
n~e<cd on any of said build~nga, any interest there~n rx part the~~of, u^:~ss ir. the furm and wnh ?he loss payable as a(o~esa~d; and in the eveN any sum
ot mooey becomes payab!e uniler such pol~cy or poLdes saiJ MORTGAGEF sha11 have ~ho opt~on Io rece~ve and appl~ the sanu on acco~.nt of the i~debtrd- ,
ness secured heraby a ro perrnit sa~d MORiGAGORS to recz~ve and vse ~t a an; ._:r ~t~r~eoi to~ er~~rr ,::~oses :..~r~o~e ih cr ~~~~p„~~-
In~ any equ~ty, t~en w r~ght undcr or by virt~e of th~s ma:'gage; and ~n ~he event sald MO~2TGAGORS shall fw any reaion fail to keep ~tse sa~d Frem~s.-a so _
~;sured, ot fail to de;~~cr promptly any of s+~d poLC~es of insur~nte to s~Ed ~N~R?GAG~f, o. (r! promptiy to Ney tully any pre~n;~~n therefCr or in a~y
rrsFect ~ail to per{orm, d~schy~ge, 2xetute, effect, co:np~ete, ro•~•p+y •:•~'!t o...l a~~ue 't~y th~s tove~.~nt, or any part hareof, Sa~d MGRT'vAGfE may piace a+:d
p~; for such insurance er any part thercof w;:ho~~t wa:v~:~g w afiacting any oy,t.o:~, ;ien, equ~ty, or nyht u~ide~ or b~ virtue of this htoregage, snd tht
amouM of each and e~ery svch payment shoR be im,nrd~ately due and payable a:~d shall baar ~nteres~ f~o+n the d~te thereoF un~il paid a~ tl~e rate o1
par cenru•~~ Eer annun; a~d tu~•~:h.rr ~,ti~:h s~:h i:itca~•sr sh.:i, t.~ srcured by ~he tlen ol lhis mortgage.
4, io permit, commit or suffer no waite, impa~rn~ent or deter:~rat:o.~ of s~~d pro~,erty or any part thereof.
5. To pay all and singular ~he costs, charges and ex;~ensrs, tnclucl.~tig a reasonaisie attorney's Fee and costs oE abatrads of t~tle, incurr~d or paid at
a~v iirr.e by s~id MURIGAG'_E, because or m ~he evrnt ot th•~ fa:iwe en ine part or ~he so~d MOR7GAGOR to d~iy, pron,µNy u~d fulty perfo:m, d~scharge.
_.ecute, effect, comF.lete, co~npty w~th and ab:de by e~ch and e.ery ~he yip~:at~ons, agree+~wnfs, co~Jaio~s, and co~enants of saed pra-n:ssory note ar.d thii
,-r,age any or e~~her, and sa:d costs, charges end eaFrnsrs, each and every. shali Se ~m~nrd~ately due and payahle; whether w not fhe:e be notice de
~~:1, attempt to co~tect or suit per~.i;ng; ;~Ki ~he full O'nOJM of each an~ E~ery svch paymem shaf7 be;r interest from the date thereol unril paid at the
n~ne per cenre,m Fer o~~d ait s~~ci ccara, cha,~rs a•~d ~.pensrs ;~xw~rd or F,aid, tug.rtftier .v~th wch imeresi, shal~ be secured by the 6en of ih~s
c~~g?ge.
6. That (a; in the event of any breach of this Y!o-tgagr or defau!t on tF~e p~+t of the MORTGAGOR, or !b) in the eveni any of sa~d suma of money
he-•-1n refe~rrd to ba not p~on,ptly and f~lly pa~d w:thm N~~rty t?,r d.~ts next a•ter ~he san,e seve~a~iy becon:e due aod payable, wifhout demand w notice,
i~ thc evem each and every the stipuiat~cns, a~reemen!s, co~~ultio •s and covenanrs oS sa.d promisso~y note and th~s morrgage any w either are not
F:~om~ptly and lu~ly ttirfunr.rd, d s_hjr~_~d, exca,led, e{fev~.d, comp'eted, c~«~;.:.ed .vnh a::d ab~d~d ~y, then ~n e.ther w any such event ~he wid ag
_•.4~are sv•vi mennoned in sa~d prom:ssory note then remai~iing unpa~d, w~rh intric;t acc:.:eJ, and e~i moneys setu~ed hereby, iha11 betume due and pay-
fo.thwith, or thereafter, at the ep•~un ot sa.d h10+tTGAGiE, as !u~ y and conrp;ereiy as it a!1 of 14iG said wms Of money were ot~gina:ly Stipuldted
> h_• pa:d or such d~y, en•~~I~~ng :n si.u ~ro:n ssory no~e c: in ih;s A!crtgeye ~o rhe :CnT'ary nor~viths~and,~ig; ar~o ~hrreupon or thercaiter st the ophon of "
s±'.10RTGAiEE, vciiho~t nor!cc ar ;ierra~,d, sun n~ iaw or in eq:,lty, ~h_•ref~.ie w ti~e~eaher begv::, may ~e prosecuted as if atl monr~s setured hereby
~ ~-eaWred pnor to ~ts-institut.nn. ~
7. Tt,at in t!~e event !haf at th•_ 6ee3i:~n r.g c.' or at any h~oe ce~ciny any s~~t u;~.n ihis Y~ort~age, or to~foreclose if, or to reform it, or to enforce i
,t oi any oa~~ns here~~~u=r, said \'.ORiGr~v:t s'r~a'[ ,-F~:iy !o th_ C.;urt ha,i~~U ~u:,sd.cnon +F.e:i~o' 1c• the aopoiroment of a Receiver, such Co~rrt shall
•h appoinr a racei.r. oi sa~d merlq.iy,rJ prc;.rrv ~'I ~•:d s: ~~~:ar, i:c:,,d ng and s~ngu~ar the incoa+e, proFi!s, issues and rerenues fiom whatever
~ ~ dorived, e:.ch and eve~y ot ~,;;,~h, F,a::,g ~-p.ess,y ~~d~:s~~c~Y. is r mo:r~._~~d as ~f spec,f~tally xt for~h and deseribed in the grant~ng and
~:d~m c'avsrs hereof, and such P.ecz~~er 'sha? h.•:_ a~7 the fx.:ad a^c1 rfi«•.:~~ :,,,e.::~s an;,' pe~ve:s in anyw~ise enirusted by a Court to a Reteiver, and
- 3::poimme~~t shaU br n ade Dy such C^~rt as ar. od~nit!_•d c,~~~ry and r.•ot:~r of absoiute r~ght ro iaid MORTGAGEE, and witho~l reference to the
~~_cy o~ inadequacy oi the ti,Eue of ~h~ pre{:e~ty mer!g,g~ or to rr:t s.•.~• ~c~ cr :~,so~vency of sa~d MpRiGAGOR w the defendants, and that such
~ profits, inco~ne, issves and re~:er.~es ihai! be appi~~-d by such Rece~.cr o:_ord.~ig t{, the lien or equ~ty of said MORTGAGEE and the prattice of suth ~
:
3. To du'y, p-om~;tiy and fut~y pertorm, d:sc'~arge, execu!e, ef'eu, com~iete, cc~r.F,ly ~vith and abide hy each and every the siipulations, agreemenfs,
a• ons and corenonts :n sa::i pro:russc~~ •+ote a:;d sh~s ni~rtgage srr for;h.
9. That in ~4:r e•. •~~t ih•. cv~o~rsn:F; Of !h•: mo~tgnged Frem~Ses, or any part ~:~er<c.f, : ecomes vested in a person olher than the MORlGAGOR, the
_:>yvfc, i~s s•,cc=ss_.•s ;,u a_.:gns: r,~y, .v~~i~o::t nor,ce te ihe ':.ORiG:.~R, deai ..~~h ,~~ch successor or succrssor in inte~est with refrrence to thi~
;.,ge an~+ :hc d~'ct he~rep~ sacv,zd ir. ~ne sr.~ne ~`~J~!rtff as wnh '.:,rtg.~gor vnth;;ut :n a~y way vitlating o' d+scha:ging the /Aortgagors' liability here-
or ue.on ~h~ d_•k,t h~-:b. secv-:d tJc ;.e of ti,e F:envses hereby •no~tgaged and no forte~rance on the pan of the IVVORiGAGEE or its successors
3~~s erd P~•er•s~o~~ ~f r~:r• r~:,~~: f„• : ay~re~e of rhe oeb+ n~•~:~~~y sac:,~ed g~ven by the MORTGAG,E o~ its suceessors or assigns, ,nal~ operate
e..se, dscharge. ~~:=~+;f~ c^.+~:~=. or aricct ti:e c:~g~c.,' i;ain~:ty oi ;ne ;J.CRiGAGOk i;erem, eithe+ in w!~ok or in part.
10. It ~s s;>:rflc ~,,greed sha~ r,~:~= is of the esse-~ce of this co~:~~act and ~?:at no waiver of any o'v'~gat~on hereursder or of the obligaYron se-
. e~ hareby sha'~ at s; ti•-e therea*ter be r.c!d ;o be a w,,~.er oi th~ •c:ms F,_rri or of the instrument secured herby.
' L In ;•i:l e.~~ i._ vh~ .;:r:.r~c. r o~.''- ,..a. nis :j .~a; _••d _ cs, rr~u~red 6y the prom:sscry nc!e sr_ured her<b/: merlga~or tovenants
, res to ::ay •o ,~:c•ra>n.-e •..ri~ ~ ac ~.•c:r~h:; r,~,~ . an ;;i~.~[en,' su•,i ~,ted by morrgagee ro be equa{ ro l, 12 of +he annuaf cost of the foilow-
A--:,:~ rcat F:rcN•_r,~ t~x.:s ir.~~_~: o• ass_~ss:-c: _~:st rF;~ .,i.ove desr:•;~~d •~31 esia!e.
8- F•... :~s cn fre ac.J v:lndsc, :n .nsu~;r ce as i~,•c:n r<<a_ .ed tn ;,+e c< d c~- th,; im;:rovemeots s tuate on thc a~ve af=saebcd prem~ses_
C-Prer-,i:,•~:s o~ Sc_h rg,qe gua•-^t~ irsurar,-,~ as :r.ertgagre s~~a:i freT r~r.~ tp :une deem fit t~ carry on the ~oan secur~d hereby.
'do~'gage~ sh,;•' f-cm t,~ to •~^~e rcr~~, r;::.~_,:io~ ~r~ v.~'t;ng ei t~,> a^o.;•~t du~ and payabte here~nder and s•~ch surr. shaif the~eupon be due and
tnr d.;e d<~~~ of sne next ~,'!~"!,,:i ;a~r-~,,t ~•,d e:th s~cc<•ssive •~:r~~h the:eat:^r ur,~ii mertgagee shall notify mortoagor o~ a change in sv:h
Such s;,:r.s s~:a:! ::e aH,.'ird i,/ r~~rFy:-y-'i' Sor:ar:t ti~e paymen! of reet prcoe~ty taxes, ins~ra~ce prem:ums, and mortgage guara~ty insu~ance
im.S.
i I!~: Vl1TNE55 `.JH.REGF, rne ~d idlOiclG~'r.riK has h=reu-~to aes his har:d and seai the da~, year rst fore
~ 5' ned le nd ivered ' e pre e of: F~p ~ECOR~EO
! ~.a_, sT.li1C1£ COU~TY flA. ~ ~ (Sea7
~ ROCER?OI~RAb p . zr
i ~~~~~7 ~ CL£RK C~nC111T COURT tSeaO
~ ~~1~+`!~~`~' RECOR? vEa;FIE~~ v; ~ vt
{ ( (seat)
, onnie G. Kir s
- - - - ~`d ~ ~ 3 ss PN'~~ (Seal)
~ - ; Of FlOR1~A
n ~ u. 301206 _
~ :`:TYOF----St._I.!tL'1~.'------ ~
~ Befor> me persor,~i,y ap;:eTred -RB~t: S.. {:1TtS
end
z _ onn ie G_. K i r t s his wife, ta me well known and known to me to be
z ~ ~ d~vidua~s descnced in ar.d who ex?cvted the foregoing instr~meM, and acknow~edged before me that they exetuted the s~me fw the purposes
~ '~~e`n expressed. And the sa~d__-_~___ ROIltll@ v. K1TtS
~ o'r the sa~d rlal h?.. SCIYLS upon a separate and private %
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' ~ ~at nn by me ta's.rn separr,ta and acart fr:~m her said husband, acknowleciged to snd be~o~e me that she executed said instrument freely and volun-
~ .~~:d v.~:~~,o:,t eny cc~~~ou!sion, ca~~stra~r,r, a~:prehe~s;on, or fenr of or from her sa~d husband. a
:•.1i':E55 my hand ar,d off~c~a! scaf tl~~s _llth___ _ day of__ _ ce~ril~r A. D. 19 7S ~
t ,
r` Dlotary Pubtic ' an or the Slate of Fforids et,#~!~'_, 7~~
a A.y Comm~ssi expires: ~
;a Retur~ ~o: . . t~_•_ ~_;;.,6
_ sr ~ed~ral Sa:i~:~s 3 lo3n Assotiat:on -•r - ;
' ~•1-' ~T
Of rurt 'r _ . _ . J • e. `i.
~ f,~ ' j _ . . L•. ~j~~?a . ~
~ fort Pi_•'rC. F . _ ' ~
~ . ~ ~ ~ ~~'sy v~; ~Y. ; ~
~ ~ _ ~ ~
: V - . ~ 0 ~j~ =
_ ~ . . , ~ ' ,
This Instrument Frepared ByGa ry r. Fl lr:oor. ~
: ~
= F~:st Federal Savings & Loan P--^~iation ~
~ of Fort Pierce , Flor ic3a
~ ~
~ Checked By 0 R
- Bao~~,~ ~~~Q~(~ ~
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