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HomeMy WebLinkAbout0418 To plao~ a?d continuo~sly keep on 1M buildirgs eww or MreaftN siluat~ o~ ~aid I~nd and on all equipnent and pason~ily covtr~d by thit mortQ~ ~p~, with all pr~miums thsr~a+ p~~d in full, firs insur~nc~ in tM uswl iurdard polky iwm. in ~ swn ~ppowd by th~ MORtGAGEE, a:+d windf~orm insururc~ in tM vswl iqndard pol~ty tam, in • sum ~pprowd by tM MORTGAGEE, in wch compu~y w companih ~s th~ MORTGAGEE m+y . dincl~ and dl fks u~d winduwm insuranc~ poticia~ on ~~y of uid b~ild~nps. any inte~„t tluroin w paH lherwf, tn IM apy~e~a~e sum ~fatsaid o~ ~ in ~xce~s thKwf. ~hall contain ~hs ~wl f~andud mortyagee ciause a such o1M~ clauss p tl» MortyagN may requu~. makinp th~ lou uod~? said poli~ cies, ~ach ud ivsry, payabl~ ro s+id MORTGAGEE ~s its intereit may ~ppsa~, and e+ch and ev~ry such poiicy shall 1» promptly ass.yned and d~Iiv~~sd ~o ~ny Mld by aid MORTGAGEE as (wrAx secvriry to said mortpa~e debt, ~nd, no~ less ~han ten (10) d~ys in advanc~ of tiw expfrat~on of each policy. ~o dr liver b wid MORTGAGEE • renew~l the~eof, topa~hK with • rece~p~ fw tM p~emium of such renewal~ and th~r~ shall b~ ro fir~ or wi~rwm tnswanc~ Plsc~d on u?y of said buildinQs, any in?e~est th~rei~ o? put Ih~reof, unleu in ~he form and with tht lou payabl~ as afor~aidt ~nd in 1M ~vent ~ny aum of moMy baccn~ p~y~ble vnds~ tuch poUty o~ policiei said MORTGAGEE iM0 have ih~ option ro receiw and sppty ths sarn~ on +ccouet of tM indtbtsd~ rkss secvred FKreby a b parmil said MORTGAGORS 1o reteive and use it a any parl thereo( ia o~hc~ pv+poses, wi~hout ~h:reb,/ waivi~~g a~mpai~- inp any puity, lien w ripht w~dn or by vittw of this mort~apej u~d in ths ~vant said MORiGAGORS sMll fw ~ny ?eason fail to ketp 11+~ said prtmises so " inwr~d, w fail to deGwr peomptly any of said policies of iowranc~ to s+~d MORTGAGEE, a fail promptty fo pay fully any p.emiwn therefor a 1n any respect (~il b p~rfwm, dixhuge, ~xecuts, etf~ct, canplets, cony~ly with u~d sbids by this covaoant, p a~y pi~t he~pf, said MORTGAGEE may pl~cs and . pay fw such inwrance or any part thereof without waivinp w affectinp any option, lien, tq~ity, ar right under a 6y virtue ot thii Morlpage, and the full anwi?nt of each and ev~ry ~uch payment shall b~ immediately dve +nd payabb and shall bes~ interest from th~ date the~of until paid at ths ~at~ ot n~ne per centum pe~ annum and togNher with auch intcrest shall bs secured by tha li~~ of this mortgape. 1. To pami?, comrnit or suffer no waste, impairment or deterioration of said property or my part the~eof. 5. To pay ~II and ~jula ths costs, charges and exper+ua, includin9 a reason~bls at~orney's fe~ and costs of sbstracta of titl~, i~cu?ied o~ paid at any time by said MORTGAGEE, beta~se w in the event of ?i~e (ailure on tha pa?t of the saW MORTGAGOR to duly, promptly and fully perfwm, dischar9R execute, effett, complet~, comply with and ab;de by each ~nd every ths ~tipulation~, ag~eements, conditia», and ooven~nri of s+id pramiswry not~ and this mortgaye a~y or ei~he~. and sa~d costs, d+arges a~d expenses, e~ch and every, iMll b~ immediately dve and parabk: whetl~er w-not ther~ be norite ds mand, atrompt to coll~ct a suit pending; and the tull amourtt of each and ev~ry such paymem shall bea. in~erest from the data thereof until paid ~t tM ra!e of ni~s per cenlum pn ~mium; and al~ said costs, cha•ga and expenses incurred p paid, togethet w~th suth inqr~st, shdl b~ setured by tFN li~n of thii mortyaya 6. Ths1 In the event of ~ny breach of this Hlatgege or default on the part of the MORTGAGOR, or (b) in the evenf ~ny of ~aid sums of money herein roferred ro be not promptly and fully paid wi~hin thirty (30) dayt next after ~he same severally become dve a~d payable, withoW dem~nd or ~otice. or (c) in the event exh a~d every the slipulatior?i, sgreeme~ts, condirions and covenann of uid promissory note and th~s matga~e any or eitl+er ~re ~ol ! ~uly, prompMy and fully performed, d~s:harged, executed, effected, compteted, canplied with ar.d abided Sy, then in either w any such ~vent tM s~id a¢ gregata Wm meM'ar?ed in said promiuwy note then remaining unpaid. witA iNerest accrued. and all moneys secwed hereby. shall becane du~ ud pay- ~ abte forthwith, p thereafter, at the option of said MORTGAGEE, as fully and completely as if all of the uid wms of money were aigi~ally stipulated ~ eo be paid on s~ch day, anything in ss:d prornissory note w in tha Moctpage to the ca?rrary norw~thstsnding; and tlwxevpen or fhereafter at tM option of ' sa~d MORTGAGEE, without notice o? damand, suit ~t law w In eqvily, ~hereiwe or /hereaftr begun, msy be prosecuted u ff all moneys secured her~by nad matured prar to ib irntiwtion. 7• Tha1 in the evcnt that at the beginn;ng of or at any time pcnding any iuit ~pon thi~ AAwtgage, a to foreclos~ h, w fo reform it, q M enforq payment of any claims he~eunde~, said MORTGAGEE shall apply to the Coun having jurisdiction thereof ior the appointment of • ReteivN, wde Carn shall Forthwith appoint a receiver of said mortgaped property all and singular, incfud~ng all a~d singular the income, profits, issues and rcvenues irom whatever sou.ce derived, ea~fi and every of which, it being expressly underatood, is hereby mongaged a~ if specu(ically set fwth and described in the ~~antinp aod habendum cbuxs hereof, and such Receiver sF+ali have ell the txoad and efiective funct~ons and power• i~ anywise entrusted by a Gourt ro a Receiver, and s~ch appointment shall be made by such Court ai an admitted equity and a matter of absolufe r;ght fo said MORTGAGEE, snd without re(erence to ths edeq~acy w inadequacy of the vatve of Ihe property mortgaged or to the so;ve~cy w insotvency of said MORTGAGOR w the defendants, and that such ren~s, profib, Incortee, issues and revenues shall be appl~ed by such Receiver accord~ng ~o the lien or equiry of taid JNORTGAGEE snd the practice of such Court. . 8. To duly, promptty and.fvlly perfo?m, discharge, execuie, effect, complete, comply with ~nd abide by each ~nd every fhe st~pulatio~s agree~nents, conditioro snd covenants in sard promisso.y note and this matgage ut fath. ~ 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in s person other than the MORTGAGOR, tl+~ MORTGAGEE, its.s~ccessofs and assigns, may, without notice to the MORTGAOR, deal w~~h such wcceuw p successor in interes~ with refere~ce fo this mortgsg~ artd the debt Aereby secured in the same manner as with Mortgagw witFaut in any way vifi~titg or distharging the Mortpagort' liabilify here- ur,der ot upon ~he debt hereby secur~d. No sale of the Frem~ses hereby mortgaged and no iwbesrante on the part of the MORiGAGEE or iri wctesson o~ assgns a~d no extension of the timr for the payment of fhe deb~ hereby secu~ed given by tha MORTGAGEE or ita sucusson or assigns, sha1) operats ro release, d~xharge, modify change or affecr tbe orig+na! liability of the hARTGAGOR herein, either io whole or in parf. 10. It is specifical'ry agreed that time is of the esunee of this conr~ad ~nd that no waiver of any oblgation hereunder a of the oblig~tion se- cured herebr shall at anv time ~tlCfldf~lt b! ~1C~1~ f0 be a waive? nf tM Mrm~ harrnf ev tM inafna~u~n! ur~r~ 1.~.1... - - - _ . - - - 11. In add:tion to the forego:ng month!y paym~nts of p:i~c'pal and interest required by the promissory npte sccured hereby, rtarigagor tovenants and agrees fo pay to mo:tgagee v~ith each monthly payrnent an add~~ional sum estimated by mortga9ee to be equa! to 1~12 of the annwl tosf of the follow- ing: , A-AtF real property taxes ~evied or ~assessed aga~nst the above dexrih~d real estate. B-Premiums on fire and windstorm insurar.ce as herein requ~red to be carried on ~he improverne~h situafe on fhe above described premises. C-P~emiums on such mortgage gvaranty insurar~te as mortgagee shati from time to time deem fit to tarry on the loa~ setvred hereby. Mwtgagee shail from time to fime notify mortgagor in writing of the amount due a~d payable hereunder and such-wm shall thereupon be d~e and ~ i F3yable on the due date of the next monih!y payment and each successive moeth thereafter or.til mortgagee shall notify mortgagw of s change in such ~ amount. Such wms shall be applied by mortgagee toward the payment of real prope?ty taxes, insurance pem:ums, and mortgage gwraMy iniurance p~emiums_ IN WITNESS WHEREOF, the sa~d MORTGAGOR has hereunto set his ha~d and seal the day and t afwesa~~ Signed. Sealed and delivtred in the p?esence of: FI~EO AND RECORD~ , ST. LUCIf tiOUNT.Y FLA. ~ . ` _ kOC~R r01TRAS ~ ~ CIERIt Ci~CUit COURT ~ ~ ~ - RECORO YER~FIEtI~.~ _ Se+q - n STATE OF FLORIDA ~ ~ Z~ •'75 oF st . Luc ie 315632 Before me personally appeared Charles fi. Ekenborg and Janiee K. Fkenborg _ f,;, w;f~, to me well known and known to me to b~ rhe indiv'~dwls dewibed in and who e:ecuted the fwegoi~g instrument and acknowtedged before me that tl~ey executed the same for the purposes rherein expreued. And the sa~d .J8111C@ K. Eken~org ~.~~~e of rhe „~d Charles S. fikenbor separ~~e ud priv~t• ~ exam~nst~on by me taken ieparste and ~part from F~er said twsband, adcnow{edged ro snd before me that she executed s~id instrument freely and volun~ ~ ra~~ly and w+thout any compulsion, constrai~t, appreh~+siqn, or/,fear of ot from her said hus AU 1~St 75 s WITNESS my hand and official seal thi~ d1 day of 9 A. D. 19 ~ ~ ~ Notary Pubtic in and or the S e of Fbrida at Larps ~ My Cortvnisiron e:pires: ~ Retum To: ~ F~rst Federal Savings 6 loan Auxiat;on kOTARY i'UPL~G, STAtE of Rc?p~nA at LARG~ ~ Of Fort Pferce. Fort Pierce, Flwida MY CG.'•':•~I~.;:CN EXN+` 1:+:1. 7. 1971 ~ 800~ 13y A(IIE(i~i1 li"st~wclt IOtY(iIK~ ~:A ~ - - ~`'~~~~~ni?~t~y~-.,' ' s f~i. ~ a ,.......9y, ~ This Instrument Pre red B ~~~,•'r '•.''y ; Pa Y Richard K. Kayes . First Federel Savings 8 Loan Association ; , ~ V ~ ; ~ of Fort Pierce , ~1 _ - Florida BOOK 243 PACE `t ~ • ^ a - ~ ~ • ~ s Q ~ s,~ ~ ~ Checked By ~ ~ ~ Q v . 6, • t ~ / ~ ~ , . .,~~~`'~~,s,~,E,04,`\`~. ~ ~ ~ ~ . ~ - ~ ~ .w_ - - - - - > > - ' ' - ~ i ~ ,.~y.,~ ~ <°;4 ` i - ~ . ~ i,