HomeMy WebLinkAbout1205 J. To p1ac~ a~d con~i~uously kNp a? ~h~ build~ngi now a~ M~~~fIN sitwN on sa~d la~d and on ~11 eqvipmtnt ~nd pNSOnally cover~d by tF?u map~
+g~. with ~11 pr~m~um~ the~ea~ paid in fu11, fire insu.~nce ~ tM viual t~andard policy fwin. In a suen ~pp~ov~d by tM /M~ORTGAGEE. a+d wind~tc~en
inswant~ In tFw uwal ~tandard pol~cy fam, in ~ tum approv~d by tM IWORTGAGEE, in such tomp~nY or tanpa+?iy ~s ~M MOQTGACsEE mar
dinct~ and all t'u~ ~nd w]ndNam inwr~nc~ policies on ~nY O~ Nifl blJildifpy My i11tN~~~ ~Mr~h+ o~ pa+t the«of, In tM apprpa~ wm ~fa~said a•
tn ~acas ~Mrwf. ~hall conain ~M vwal •sandard mor~gayw clav~ a iuch o~hN claus~ ~s tM MorpWM m~11 rpuw, nwkinp tM loa uod~r aid po~4
ci~s, ~ath ~nd ~very, paYabl~ ~o ~aid MORTGAGEE as ~ri i~~aat m~y ~pp~ar, ~nd tach u+d ~wry wch polity ihall M promp~h? +~s:9^~d Md d~~rv~*~d b
any hdd by s~id MORfGAGEE +s twthet itcurity to said mwtp~ge d~bt, and, not I~u than ta? (10) d+Ya in adv+nc~ of th~ ~xpiration of ~~ch policy, ro dr
liw~ lo aid AIIORTGAGEE a ~onewal thereof, tc+pt~htr with • rece~pt ia iM pr~n+ium o# wch reMw•ij ~n~ inr~i siN~i u: ~ fws ~~:~:~:w~ ~'~z=:.-~ .
plapd on ~ny of said buildin9~, any imcrost ther~~n or part thereo(, unkss in ~M form ~nd with ~M lou p~YaW~ as afor~saW~ ~nd tn th~ wtot ~ey awn
of enon~y becarws payabl~ unde~ ~uch policy a polici~s said MORTGAGEE shall Mw the option ro•eoeiv. and appty ~h. s.m. on +ccovro of ~M ind.br.d- .
neu atwed iw~eby w b pe~mit said MORTGAGORS lo nceiv~ ~nd u~ it w•ny parf tMr~of fa other pu~pot~s, w~~hout thaeb~ w~iving or impair• %
s~+y equ~~y, G«~ ar rgh~ unda~ or by vir~w oi this mortqaye; N1d 1f~ tIN ~VMt N~d MORTGAGORS sMll fa ~ny r~awn fail to kKp the aid pnmists w
ins~red, w f~i) lo deliver pranptly any of faid policies of imuranu to said MORTGAGEE, a fail promplly to pay fully ~ny pr~mi~m th~rttar w in any ~
~sspect iail b pafarn, diuharye. ~xecute. ef(ec1, complste, comply wiih ~nd abide by lhis cov~nu+l, or any put larwl. said MORTGACaEF inay pl~u ~~d
pay tw sucti insurant~ ot any part thtreof without w~ivirg or af'ettinp any option, tien, equity, w riyht und~~ w by vlrtw of this Mortpap~, and tM
full amount of tach and every such paymenl shall ba immediately dw and payabl~ and shall btu interest from fhe dat~ tMreof vntil paid at tM ratt of
~~M ptr centwn per annum and together with sutF~ interest shall be secvred by th~ lie~ of thi~ mortyape. ~
1. To p~rmit, tommit a wffe~ oo wast~, imp~i~me~t w deterioration of taid propKry or a~y p~r1 tMreof. ;
S. To pay dl a+d sinpulsr the cosn, ch+roes u~d sxperues, includiny s naso~able atronry's fN u~d cosn of ~bst~~t» of titb. incumd ot paid at i
sny tim~ by said MORTG/1GEE, becauie a in ~M went of ~he failure on ~he pan ~ tM s~id MORTGAGOR to duh?. proroPtly ~nd fvlly paform, d~schar~, ;
execute. ettett. compkq. canply w~th ar+d ab:ds by e~ch e~d every the itipula~~ons, aqreemenn, conditio~s, and ooven+nn of said promissory not~ and ~hit ~
mwtyay~ a~y a eitMr. and sa~d cosn, chargct and expenxs. each and every, shall b~ immediately dw snd pay~ble: whe~Mr a not ther~ b~ ~?otiu dr
mand, anempt to colkct o~ sui~ pend~ng; and th~ full srnount of each aed rrtry such paymeM sMlt bear inter~it from t1+~ dat~ tMrao} until pald a1 the
rate of nin~ pe~ ce~wm pa annum; and all seid cosrs, charges snd e:penses incurr~d w p~id, fogether with a~xh inttryl, shalt b~ s~twad b~r tM Iwt~ of thq
b, ihat (a? in the event ot any bresch of this Mwtgsy~ w defa~lt on the psrt of the NIORTGAGOR, or (b) in fM ~wnt ~ny of W~d swns of money
he~ein referrQd to be not prompHy and fully paid w+thi~ thi~ty (30) days nea~ after 1M ssm~ sev~rslly bacan~ dw aod payabl~. without dtm+nd w eaY~ce.
w W in tM ~wnt ~~cA and eve~y the sripulations, agreements, ccnditans end covsnaMS of sa~d promiuory not~ u~d th~s mwlpapr any a~ithet ~r~ no1
iuly, promptly and (ully performed, d~scMrged. executed. effected. complcted. complied with and abided ~y. tMn in eithsr or any sucfi sv~nt tM s~id a~
greg~t~ wm mentioned in said promissory nore then remaining unpaid, with in~erest accrued, and atl mawyt setur~d hersby, sMH becom~ dvt and p~r
ebte fwthwith, a thcreafter, at the oprion oi said MORTGAGEE, as fully and comple~ely as if all of tF+e s+id sums of morNy were agin~lly stipulated
eo be patd on such day, anything in sa~d promissory note or in this Matg~qe to the cororary notwitFntandinpj and thereupon or thsreafter al th~ optian of •
said MORTGAGfE, without notice w demand, suit ~t law or in equity, therefwe or thereafte~ beyun, may be pwsKVt~d as ff~11 ma~eys s~cvr~d hKeby i
had mihNed pfM1 fo it1 inslitution. - t
7. That in tIN event tF?~t ar the beginning of or ~t any time pendinp ~ny suit upon this Morty~ge, or to foretbN h, Or t0 roform it. o? to eefora ;
payment of any claims hereunder, said MORTGAGEE shall apply to the Cou~t havirg jurisdiction Ihe~eof for 1M appointment Of a R~ttive~, N~ch Gourt sMll ~
Fwthwith ~ppo~nt a?eceive+ of said mwtgsged property all and sirgul~?, includ~rg all and iingulsr tM income, profits, issves ae~d nwnws frpn what~ver r
wurte derivcd, exh and every of which, it bti~g expreuly u~derstood, ia Fxreby matgaged as if spetificalty s~l fwth and d~wibed In tM pranfinp u+d t
hsb~ndum clauses hereof, and such Receiver ihatl have all the boad and ef(ecr~ve funct~ons and powera in +~rwtse eotrwt~d by a Covn ro a Reaiver, ~nd .
such sppoi~tment shall be made by wch Court ~s an admitted equity and s matte~ of sbsoluts right fo said MORTGAGEE, and without t~ferenct ro fM
adequsty a insdequxy of the vslue oi the property mortgaged or to the soivency a insolvency of iaid MORTGAGOR o~ the defend~nri, and that such
rents, profits, income, iuues and revenues shall be appiied by such Rcceive. xcording to the Iien or equity of said MORTGAGEE and tM p~clict of such
Court.
8. To duly, promprty and fully perform, dischargs, execute, eifect, compkte, comply with and sbids by e+th and every tM stipul~fia?s, apnemsnb,
conditions and covenams in said promisswy note and this mortgage sN iwth.
9. TMt in the event the ovrnership of the mwtgsyed premises, or any part thereof, becomes vested in a penon other fh~n the MORTGAGOR, t1+~ ±
MORTGAGEE, its succeuas and suigns, msy, withoul notice to the MORTGAOR, deal wi~h such successw or suaeuor in interest with refersnte to this
mo.~gsye and the debt hereby secured in the same manner as w~~h Nbrigaga withovt in u~y way vitiatug a duFwroinp tF~e Mortyagws' liability Mre- j
u~da or upon the debt hereby secured. No s~le oi the premises hereby mo+t9aged and no fwbeuance on tlk paA of th~ MORTGAGEE or i» suttessors
o. auigns and rw cx~ens'ron of the time fw the payment of the deb+ he.eby secured given by the MORTGAGEE w its successors a ass~y% sMll opKatt j
ro releass, d~xharge, modify ch~nge a affect the org~nat liab~l~ty of the AM1ORTGAGOR herein, either in whob or in put. ~
10. It is spec~fically agreed that time is of the esxnce of ~his contract and that oo waiver oi ar~y obliyation hereunder or of th~ obliyation s~- f
cured he+eby si,aii at any s~me thareatter be heSd to be a wa~ver af the serrns hareaf ar af the inssrument se~red herby. - i
11. In add~tion to the forego'ng monthly payments of princ pal and iMerest required by the promissory nole setured hereby, mortgagor covsn~ob
and ag~ees to pay ro mortgagee vrith each monthly pay~nent an add~~ional sum estimared by mwtgsgee to be eqoal to 1/12 of the anowl twf of fhe foilow-
~^9~
A-All real propeAy taaes levsed or assessed agai~st the above desaibed ~cal estate.
8-Premiums o~ fire and windsrorm insurarece as he~ein requ:red to be carried on the improvemenb sitvate on the above dewibed prdnises.
C-Premiums on such mwtgage guaranty insuraace as mo~tgagee shall from t~me to time deem fit to urry on the ban secured hereby.
Mwtgagee shall irom rime ro time notify mortgagor in writing of the amount dve and payabk hereunde? snd suth wm shatl thereupon be due ~nd
;,ayable on tl+e due date of the ne,et month!y payment and each successive month rhereaite~ urtil mo~tgagee shall notify morly~gor of s thatq~ in suth
amou~t. Such sums shatl be applied by mortgagee toward the payment of ~eal property taxes, insurance prtm:urtu, artd mo?tgs9e yu+r~nty inwranu
premiums.
IN WITNESS WHERFOF, the said MORTGAGOR has hereumo set his hand snd seat the day snd y t ~fwesaid. ~
; Signed, Sealed and delivered in the presc~+ce of: ~ ~ ;
i LEG ~H ^ • ECJRUE~
' WCt: ~~OUMTY FU. q
~ , l~- ~ FCCE', f~3~TR~S •
, ~ ~ir1~J . ~G 2~A ~
~ C~E=;{ ~}Fytlis C~URT
; .E~GR.^•'{="':tfa usan . e ~
! ~ ~ ~
t ' ~ IO 00 AH'75
~ STATE OF FLORfDA ~~~~~W
~ ~
courmr oF St . Luc ie
eei«e n,e pe.sonat~y .ppea.ed StAnley D. Klein
Snsan W. Klelfl his wife, to me well known aod knawn to rn~ to b~ ;
the individwls desvibed in and who executed the forepang instrument, and acknowledged before me thst th~y axeouted the s+ms for tM pwposes €
therein enpressed. And the said Susan W. Klein E
,nire of rh. ,.id Stanlev D. Klein upon , sep.?.re .nd priva»
exa-Erae'M ~y :r.a taken sr~rate and epa.t from her ued h:nband, acknowled9ed to and before ms that tF~e executed said irutrument 6eety usd volun~
~ rarily and w~thovt any compulsan, constraint, apprehens~on, or feu of w from her said Fwsbar~d. '
~ WITNESS my hsnd ~nd official seal this 28th day of AU USt a p, ~q 75 i
~ Not~ry Pu i{', for the Stat~ of Horid~ ~f Lu~ -
~ r . - My Commiuan t~cpires:
Return To: e
~ first Federal Savings 3 Loan Associat:on. No}ary Pv~ht, Stafn ef Floir~o ol Larg~
~ O( Fort P~erce. Mr Commission Expres Jdlr 42, 1977
~ Fwt Pierce. Flwida dp~ded bp /bneriwn Fi~e 8 Coswifr Co. ;
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This Instrument Prepared By Gary F. Ellwood
. - ~•'rt• ~ • ~ ~
First Federal Savings b Loan Association Y"'~'•"
of Fort Pierce, Flori~a 2~ o~ ~
O R - ;
~h~~ ey ~ K 243 P~~E 1205
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