The URL can be used to link to this page

Home My WebLink About0137 J. To plsc~ and continuously keep on the buitdingi now or Mreatier ~ituat~ on s~id Isnd and on all equ~pment ~nd p~rson~lly cov~r~d by thls mat¢ p~, w~th all premiums thsreon pa~d i~ lull, (i~e insurance in ~he uiusl ~undard polity iam, in •~um appor~d by th~ MORfGAGEE, and windstonn inwr~nc~ i~ IM u~w) sundard pobq fo~m, in a tum approv~d by tM MORTGAGEE, in such tompany w compani~s as tl» MORiGAGEE may i d'u~dt ~nd all tir~ and w~ndslam ~rouranc~ poGcies on ~ny of ~aid build~ep~, ~ny iot~r~st ~huan w part ~Mr~of, in tF+~ py~ey~te wm aforesaid a,.-.:~ M~ac~ff thereof, fAa!! contain tM u~ual sundard matgsga~ clause qr suth otM~ clau~ ~s tM MortypN may r~qui~~, miAlrp tM loli v~da u~d poti~ ties, e~ch ~nd every, payabl~ ro iaid MORiGAGEE as ~ts intere~t may ~pptar, and each and wery such polity ~Mtl b~ promp~l~ ut,9n~d and d~livered ~o" ~ ~ny held by ~aid MORiGAGtc ae furrher securiry ~a ~aid n~or~paya debt, and, no~ teu ~Mn ten (101 d~ys in ~dvanu of t~ ~xpir~tion of each policy, to w- ! livK ~o sa~d MORTGAGEE a renewel thereof, to~e~hN wi~h a reu~pt for the pr~m,um of ~uch ~~newal; and tF+~r~ ~hall bs ~IO FMf o? wi~ds~orm inwranc~ pl~c~d on any of said buitd~ngs, any in~ere~t therein o~ put thereoi, unle~s in ~he form ~nd wi~h tM los~ payabte as atwesaid; and i~ ~M event •ny, sum • of mon~y becomet payaWe unde~ iuch policy or policios s~id MORTGAGEE shall havs the option to ~eceive and ippty IM iame on acco~nt of tM indebted~ ~uu secu~ed heteby os M pe~mit ~aid MORTGAGORS lo reteiv~ and us~ it p any psrt thereof for othe~ purposet, withw~t tAe~eb/ waivi~~g o~ anpair..•-~~ i~ any eqv~fy, lien or right under or by virtus of tAis mo:!gage; ~nd in the ~vent ~aid MORTGAGpRS ihall fpr any reason tsil to keep ths said pr~mis~s 'r i~su~ed, w fail ro d~4va p~omp~ly any of iaid polKiet of inaursnc~ to said MORTGAGEE, w fai{ promptly to pay fully s~y pre~nivm therefw w in ~n~~ r~apect tail to pe~fam, d~scha~ge, execut~, e(fecl, comple~e, compty with and abid~ by this covenant, p any par~ hereof, said MORTGAGEE may pl~c~ tnd~ ~ pay (w such i~wrence w sny part Mereof w~fhour waivinp or affecti~p any option, Ii~n, equity, w righf under w by virtw of this Matgsye, ~~d the.. . full ~moun~ of each and every iuch payment slwll be ~mmed~~tely dw and psyable ~nd ahall bear interest (rom ths date thereof umil paid at tM rats ol nins pe? centum per annum end together with auch interest ahall be sacure~ by the lien o~ this mortpage. • To permit, commit or suffe. no waste, impairmm~t ot deterioration of said ~xope~ty a sny p~n thereof. 5. To pay all and sinyula ths costt, charges and •xpenset, includinp a reasonable +norney i fe~ snd costi of abstracq of ti11e, incwred w paid al any tims by u~d MORIGAG:E, becavse a in the evsnt of the ta~lure on ths part of the s~7d MORTGAGOR ro duly, promp~ly ~nd fully pe~fam, d~uhary~, execure, effect, com~tete, comply w~th and ab;de by exh and every the stiput~t~ona, ~greements, conditiort~, •nd covenann of said promi:sory not~ ~nd tAii morfyage any w e+~he~, and sa~d costs, cMrges and expcnxs, each and every, shatl b~ immedi~tely dw ~nd payable; whether a not thsre be notice dr mand, aftempt to cotlect a sui? pend~ng~ ~rd ~he full amo~M oi each and every ~~ch payment ~MII bear intemst from ~As date theraof votil p~id at tl?~ rate of n~ne per centum ~ a~inum; and all uid cosn, cha~gea srr~i eapenses incu•red w paid, ?opether w~th such inl~rest, shall be s~tured by ths lien of thiu matpag~. 6. That in the event of any breach of thi~ Mwtgage ar defautt on the part of the MORTGAGOR, w(b) in the event ~ny of a~id sums of Rwney herein referred to be not promptly and lully paid within thirty (3p) d~ys next after the same uveratly become due and payabte, without dertwnd or notice, or (t) in ths event eacA and every ~he s~iputationa, agreements, conditions and covenams of sa~d promissory note and this morlp~pe aey p either are nol iuly, promprly and fully performed, d~xharged, executed, effected, completcd, compleed with end ebided ~y, thtn in tithsr w any such eveM IM said ~g gregate sum mentioned in said prom~sswy nore ~hen remaining unpa~d, with interest acuved, a~d all moneys secured hereby, sMll become dw snd pay~ abte (orthw~th, or thereafter, at the opr~on of said MORiGAGEE, as ivlly and comple~ely as if all oi ~he wid wms of mon~y were aiyinally s?~pulated ta be pe~d o~ such day, u~ything in sa:d prem~ssory note or in this Matgage to the contrary notwi~hstsnding; and thereupon w thereafter at the option of said MORTGAGEE, without notice w demand, suit at taw W in equity, therefwe or thereafter txgun, may be prosecuted as if all moneys securee~ henby had matuied pnw to ~ts institutwn. , 7. Thet in fhe even~ that at the beginn~ng o( or at any time pending ~ny su~t upon this Mo.tgage, o? ro fo.eclos. i~, w to reform i/, a to enfo~q psyment of sny cla~ms hereunder, ssid MORiGAGEE shal! apply to the Court having jur~sdrct~on thereof for the appointmeM of ~ Receiva~, such Court shall Fortnwith appoint s receiver of said mortgaged property all and singulsr, includ~ng alt and singular the income, profits, istues and revenues from wMteve? source derived, each and every of wh~ch, it be~ng expressty underitood, ia harby mor~gaged as if specifically set fo?th and described in the yranting and F.atxndum ctauses hereof, a~d such Receiver shail have a!1 Ihe broad and efieaive funct~ons and powers in inywise entrNSted by ~ Court 1o a Reteivar, ~nd• s~ch appoi~tment shalt be made by such Court as an admitted equity and a matter of absotute rigAt to ssid MORiGACZEE, ~Ad without referente fo fhe adequacy w inadequacy ol ~he value of the proper~y mortgaged or to the sotvency or insotvency of said MORiGAGOR' p tht~ defendants, ~nd ~ha~ s~ rents, profits, incane, issues and revenues shall be appiied by such Rete~ver according to the lien or equity of said MORTGAGEE and the prsdice of ivch ' Coutt. . 8. To duly, promptly and fully perform, discharge, execute, ef{ect, tomp(ete, comply wi~h and abide by each a~d every the stipulations, sgreement~, conditrona and covenants in sa~d promissory note and this martgagt set fwth. 9. That in ~he event the ownersh~p o~ ~he mortgaged prem~ses, w any part tFxreoF, becomes vested in a perton other than the MORTGAGOR, th~ MORTGAGEE, ~ts success«s snd ass~gns, may, wishout rw~ice to the MORTGAOR, deal with such successor a successor in interest wi~h reference to this mo~tgage and the d~•bt hcreby iec~red in the aame manner as with Nb?tgagor without In sny way vitiating p discharging the Mwtgagon• liability hera under or upon ~he debf hereby secured. No sa!e of the premisp hereby mortyaped and no forbearsnce on the pan of the MORTGAGEE d itt sutcessors or ass~gns ar.d no eatension of the t~me (or the payment of the debt hereby secured given by the MORTGAGEE o~ its successors w suigns, shall operate ro release, d~xharge, modify change or alfett Ihe orig~nal liabil~ry of the MORTGAGOR herein, either in whok -or in part. 10. It i~ spec~lically agre..d that Gme is of ~he essence of th~s mntract and that no waiver of aey-bo -fiyation hereunder or of the obligation se- cured hereby shaU a~ any time thereaiter be hcld to be s waiver of the terms hereof or of the instrument secured herby. 11. In add.tio~ to rhe forego:ng monlhly Fayments of princ"pal and inrerest required by the promissory note secured hereby, mertgagor tovenanfs and agrees to pay to moc~gagee with each monthly payrnent an add~r~onal sum est~mared by mwtgagee to be equsl to 1/12 of the annual cost of the fol!ow- ~ng: • . A-AIi real property taxrs Ir,~ed a assessed against the above desvibed real estate. B-Premiums on fire and windstorm inwrar.ce as herein requ~red to be carried on the improvements sitvste on the above described premises. C-Premiums on such morig~ge guaranty insurar~ce as mortgagee shali fiom time ro time deem fit to Carry on the {ean secured hereby. Mortgagee shall f,om time to tirn~ norify mortgagor in writiog af the amount due and•payabk herew~der and suth sum ahall therevppn be due end Fayable on ~he due date of the next monthly payment and each successive mo~th therealter untit mortgagee sF~all notify mortgagor of a thar~ in such amo~nt. Such sums s1:ai1 be applied by mortgagee toward the payment of real p~operty tsxes, insurarxe prem:ums, and mortgage guaranty insurarxe p remiums. ~ tN WITNESS WHFREOF, the sa~d MORTGAGOR has hereunto set his hand and seal tlK day and y~ f~esaid. ~ i Signed, Sealed and delivered in the presence of: ~ : fILE41~MG qECQ~cD£0 1 a~ ; • ST.~UCiE C01lN~Y fU_ Fr k Kinke ~ ; . ; aocc: ~s~~-R~s n ; - ~ _ _ CLEpd C}=.CUIi CQURT ~ ~ t' ' • _ j ~ ! ^ aECO?n v~~,~fl~~_ rene F. Kinkel ( - ~Sea~ ~ STATE OF FIOAID . 1~ I I 35 AM'~Y I 1 I COUNIY OF SL . Lucie ; ~ ~ Before me penona~ly appeared Frank Kinkel ~ ~ iranp F_ Kink 1 ` his wife, to me well known and known to me to be ~ the individuals described in and who executed the foregoing inslrument, and acknowledged before me ihat fhey exetuted the sams for the p~~poses j lherein expressed. And the said Izene F K1I1~C@~. ~ w~fe of the said ~rarlr Ki nl[P7 upon a separate end pr'rvat~ j exsminat~on by me taken separate and apart from her said husband, ack~owledged to end before me ihst she executed said instrument fteely ~nd volw~- i tarily and withovt any compulsion, co~straiN, apprehension, or fear of or from F~er said hutband. ~ WITNESS my hand and oificia~ seal this ~ 3 day of January 'J() A. 0. 19 E Notary PuWit in and fw the Sbt Fbrida ~t larpe ~ My Commiuion expiret: ~ ~ ~ .s / ~ ! Return To: firsf Federol $avings 6 loart Associati~n Of Fors P:c•ce - ; Fort Pierce, Flo.:da ' ` ~ . _ . ~~Y, ~ , ' ~ I • ' i _ ~ i ~ This Instrument Prepared By J, Hal Robetts~ Jr. = l ~ First Federal Savings & Loan Associat~on - : a:, - , i~ . : ` ~ of Fort Pierce Flarida = ~ ~ . ~ ' ~ , 33452 , ' , p . . . y ~ ~ ' J. ~ ~ ~'?r ' Checked By ~ Y~; . • - ` ~ . . 4^... ~ ' ' - ~ r,~ 248 P~ - . ~ = • • . ~ F' i ~ . . . s - - (~C ~k„~ • - ~ ~ : ~-~y`?~3,~„-`~ ~<y ~ ~ ~f,'~-~ - ~~:~fi.,axi;.,,.?~ _r~ _ s;:-~ ~"f:>?~'~z. ,