HomeMy WebLinkAbout0080 To pi~c~ ~nd continuously ke~p on iAe Lu;'J~nys now or M~edtN ~ieu~t~ or said I~nd ~rd on •li rq~~ym~m •~.d parwn~Ny covered by ~hi~ mor?~
p~, with ~11 premi~m~ thtr~on p~~d in tull, I~~e infurance in tAe wwl ~undard polity brm, in • wm ~pp~orn! by ~he MORfGAGEE, and w~~dstwm
bwu~e~c~ Gf ~M uswl ~bnd~~d policy (wm, in • ium •ppro~~d Ey tM MORTGAGEE, in iucA con+pany a comp~ni~f ~f IM MORiGAGEE may
dintt; ~nd all fir• .~nd windsto~m in~uranc~ pol~ci~s on ~ny of wid build~ny~. ~ny inar~~t theiein or part th~~wi, in 1l+~ ~Qq~eq~t~ ~um ataesaid w
k+ exc~s~ ~hereof, ~MII con~+in N» uswl ~undard mwtpaqN cl~us~ w such otMr cl~~s~ ~s tM Mary~gee may ~pu~r~. maki.p ~h~ lou undK u~d pol{-
cln. ~ach and ev~.y. piYabl~ fo ~a~d MORTGAGEE a~ ~ts in~eresl may ~pp~ar, ~nd eacA +nd wery ~~A po~~cr ~haU b~ promp~lY au ~ned and deGrfred ?o
~ny Mld by wid MORTGAGEE ~s fvr~Mr setu~ity to f~id mortpay~ deb~, and, ~+o~ bu than an (10) days in +dyance of ~he •ap~rat~«? of ~ach pol~cy, to dr
livsr to uid MORTGAGfE + renew~l thereof, topethN with a r~ceip~ iw tM prsmium ol such r~n~wal; ~nd ther~ thall b~ no i~r~ or wind~to~m IMYf~nL~
pl~ad on u~y of uid buitdirgt, any imere~t thK~~n w part thtreof, unle~s in th~ form and wi~h tM los~ pay~ble a~ a(o~eaid; ~nd in ~M ev~nf ~ny ?um
of ~no~~y beca+vs p~y+W~ undK such policy a polK~es s~id MORiGAGEE ~hsll Mw rM opr~on ro rec~ive a~+d apply fhe ~am~ on accoum o( ~h~ ind~bi~d~
n~u s~cw~d Mr~by a~o psrmit said MORTGAGORS ro rKeive and us~ it w any part the~eot 1w othrr pwposes, w~iho~t th-.eui waivi~~g o~ ~mpa~r-
7np ~r?y pu~ry, li~n a ripht u~ a by virtw of thii mortpp~; ~nd in ~M svent a~d MpRiGAGORS ahatl fa any ~aawn (all to keep th~ s+~d pr~miu~ so
intu~ed, oi fail ro da~i~er promprly any of uid pal;cies of ins~ranc~ fo N~d MORTGAGEE, w fail promptly to pay fully any premium therelw w in any
rnp~ct f~ll to p~rfwen, diuMr9e, ~:ecute, eflect, tomplet~, comply with and ~bids by lhis covenant, p any parl hareoi, ~aid MORTGAGEE may plst~ •nd ~
paY fa tuth insvruK~ a~ny p~r1 thtreof without w~iving or affetri~ any option, litn. equ;ty, o~ ?igh~ unda or by virtut of thif Mwtpps. and 1F+'
full ~mouM of ~ach a~d ev~ry ~ucA p~ymanl ~hsll bs immedia~~ly dw and p~yabl~ •nd ~MII bea? interest f.om tM dal~ thereof u~til paid at the r~te ot ~
nins pe? centum pN annum and togethe? wi?h such iroerest thall-be ~ecvted by tF» lien of this mottpa9e.
1. To permit, commit p suffer no wastt, impairmeM w dete~ioration of s~id proptrty or any part the~eof.
S. To p~y att ~nd ~inputN the costs, charget and expensei, includinq • re~aonabl~ af~orney'~ fee snd costs of ab~trads of title, incuned w paid at
any 1im~ by said MORTGAGEE, becaus~ w~n the ~rem of iM tailur~ on tM p~rt of 1M said MORTGAGOR to duly, promptly snd fully perfam, d~scharge,
e:ecvt~. ~ffect, complet~, comply w~th and ab;de by each ~nd every tFy s~ipulatwns. apreerrKnts, conditions, ~nd covenant~ of s~id promiisory note a~d ~hii
mo+~paQ~ any a~ither. ~nd w~d costs, charyn •nd eapenus, eych and w~ry. ~hall b~ immediat~ly dve snd p~yeble; whc:her a not thtr• b~ naiu da
m~nd, ~ttempt to coll~ct w~vit p~nd~ng; ~nd rhe full ~moun~ of each and rrery such paymeM ~MII besr imar~s~ from the de~e the.eof unril paid ~t the ~
rare oi nioe p~r ctntwn pK ~nrwm; and all taid to~p, charges and expenies inturred o? paid, togtlhar witA suth interest, sMll bt secured by the lien of Ih:s
^wrtpay~-
6. That (a) in the event of any brcach of thii !!illortysge o~ default on tM pan of rhe lNORTGAGOR, w(b) in ~he event ~ny oi s~id ~wru of money
herein ~etNred to be ~+ot promptty ~nd fully paid wifhin th;nY l30) diys nexe afte~ the s~me teveratly become due snd payabk. without dsm~nd o~ nofice.
or (c) in th~ evem each ~nd svery the stiput~tiona, agreerrNnts, con~iYani and cuver?~nn of said promiaswy nore and th~s rrwrtyage any w ei~her are no1
iuly. promptly a~ fully p~rto~msd. d~uharQed. eaecuted. efiec~ed, compkfed. compt~ed wirA and ab~ded.'sy. ehen in eithe~ oi ~ny aucA ~r~nt tM sa~d aq~
prep~f~ wm mention~d in ~~id prom;uwy note then remaininy unpald, with im~rest accrued, a~+d atl mo~eyi aecured hcreby, shafl Decwn~ dw and p~y-
abl~ forthwi~h, u there~her, at tM option of said MORTGAGEE, ~s fully' and ca++pletely af if afl of the said wms of money were orqirully stipulated
to De paid an ~uch day. ~nythinp in sa~d p~omiuory note a in this Mortpa~e to tM contrary notwithatsndinq; snd the+eupa+ a fhereafter ~t tM op~~on of
said MORiGAGEE, without notic~ w demand, suit ~t I~w oa in ~quity, therefw~ q tMre~fier bep~n, may be prwecutcd u if atl mw~ey~ ~ecured he~eby
had matured prar to irotiwtion.
7. TMt in tl+~ ~vent th~r ar the begin~;np of a at iny tims pendinQ any suit upon this Mo.tg~pe, a to fwecfoN M, o? to refwm it, d to enfwu
paymeM of ~ny d~ims hereunder, s~id MORTGAGEE sh~tl ~pply to the Court hwin9 (urisdic~ion thereof for the ~ppoinlmenl of ~ Reteive~, wcA Court sh~ll
twthwith ~ppoint ~ r~ivsr of ued mwtpped property •U ~nd ~inpul~r, inttud,rq ~N ~nd tingv~ar the incorrsa. p?ofits, ia~ws ~nd r~venws from wh~tever
wuru d~rived. ~ach and ev~ry of which, it beinp expretsly unden~ood. i~ he~~bp mortgayed a if apecifically pt futh ~nd dettrib~d in ths Qr~minp ~nd
Mbendum cl~usas hereof, u+d ~uch Rcc~iver shall have •II ~he iorwd •nd eHectiw funa~o~s ~nd powcrs in ~nywitt ~nfrwted bjr ~ Coun to • Recsiv~~. ~nd
wch ~ppototm~nt ~ha71 b~ m~d~ by iuch Court ~s ~n admitted eqvity and • rn~ttN of absdut~ ri9h1 fo ~aid. AAQRT~G~E.. ~nd without ~efertece to tht
~dpvacy a l~+dequ~cy of t1» valw of tM property mor~pa9ed or to the w~v~y p~ ~nwlvency of said MORIGA or th~ d~f~nd~nt~, ~nd tMt such
rsnrs, profib, Incort», iuuN and r~v~nws sh~tt b~ appl;ed by tuch Rec~iver ~ccordinp ro th~ lien a~quiry of said MORTGAGEE u~d the pradice of such
Ca?rl.
d. 7o duly, pranptly ~nd fully p~rform, diuMrye. exesutt. ~ffect, cwnplet~, compty with ~nd ~bid~ by ach uid ~wry tM ~tlpvlatioes, praements,
condkiar M+d oov~~anta in ~id prom4sory nor~ and th~s monya9~ ~et fwtA. .
9. ThN M tl» wMt tM ownKahip of tha moftp~9td pr~mit~t, p~ny w?1 ihl~tOf, beoom~i v~s»d tn a p~non otFnr than tM MORTGAGOR, IF»
MORTGAGEE, irs wcpwors ~nd nslprq, may, wirhou~ no~iee to th~ MORTGAOR, de~l with ~uch fucc~asw a succesw+ in interNt with nfe~~e ~o thu
mortpp~ and th~ d~b1 hN~by Ncur~d in th~ sam~ m~nner with Mortp~por without tn ~ny w~y vitiatinp or di~cMryinp tM Mort9pwt' Ifability Mr?
u+~dM w vpon d» d~br h~nby s~n~red• No sab of the prem~~s Mreby matpp~d and no forbNranp on ~M p~n of the MORTGAGEE or tt~ succ~awn
or s~ipna ~nd no ~xt~mton of tM t&n~ fw ti» paym~nt of th~ d~bt MrtAy s~tur~d plwn by th~ N10RTGAGEE w it~ wcpswn a a~tp% ahall op~r~»
~o rN~a~, di~d?up~, modify ch~np~ or •ff~cr rh~ wrp~nat Ii~b~I;ty of t~e MORTGAGOR Mr~iq, ~itMr In whob a ln put.
j 10. tt k ~p~cifkdly aprMd thaf ttm~ i~ of tM euenc~ of thu contract ~nd that no wNwr of •ny oblip~tion Mnund~r w of tl» obl{p~tion st
~ wr~d I~~by ~MII ~t ~ny tim~ thtr~ah~? b~ held to b~ a wsiv~r of rM brms Mr~of a of tM Irutrum~nt Ncur~d h~rby,
! 11. (n sddition to tM fwpo:rg mo~thlY paYment~ of princ'p~l ~nd int~r~tt rpuir~d by th~ prromiuory not~ ~ecur~d h~rebY, morty~yw town~nts
i •nd apr«s to pay to mortqaqN with t~ch monthly payrrunt +n ~dd~riond ium ~~tim~t~d by mortpqe~ to b~ pu~1 to 1~12 of tM annual cat of tM fdlow-
tnp:
~ A-All re~l propaty ~~x~f I~v~ed or a~se~sed ~ga~n~t ~hc sbov~ d~scribed re~l ~pat~.
i
! 6-Pr~miums on fir~ and wind~torm in~ur~nu a~ Fxrein requ~red to b~ carried on the improvem~nh tit~ere on ths ~bovs de:cribM premisea.
f C-Premiums on ~uch mortgege qua~anty inau~a..ce ~s mortg~Qee ahall from t~me to time de~rt+ fit ~o c~rry on tM loan secured h~reby.
j Mo~rysyee sh~ll from time to tirru notify mortgagor ~n writing of th~ amount due •nd pay~bl~ M~eunder ~nd suth sum shall thKwpon bs dvs •nd
% payaW~ on th~ dve dat~ of th~ neat monthly payment •nd esch successiv~ month there~fter until mo~tq~gee sh~tl notiiy mortya9w f• lchany~ in such
a w
E ~movnt. Suth aumi ihal! b~ ~ppl;ed by morrpsQee taw~ard the payment of real property t~xes, iMUr~nt~ ' mf, ~nd mortga ~nwr~~q
pr~mfurM.
IN WITNESS WM , a~id N10RTGAGOR h~~ herevnto stt hes h~nd ar.d ~e~l th~ d~y ~nd fin ~id. .
. S~~lad d~I d Fn fh~ pr~Nrx~ of:
~ l Sd ~ [?v~.,~ ~
r~ - ~
n
~ , - - - ~
flevArly bi_ Kotal
STATE OF FiORIM /LL-i.1.•-%/ s
~ couNrv of L c ~ r
~
Mfor~ m~ p~rwnally ~pp~~r~d - Iampa Ko a 1~
i ~evel ly 1~1. ~:ota2 hi~ wH~, fo m~ v,r~ll known ~ed known p m~ to 6~
rha IndHldwb d~serlbrd In ~nd who ~x~ew~d ths fwpoinp irutrum~m, ~nd ~eknowbdp~d b~for~ re» that tMy ~x~u„t~d tM s~en~ fa th~ purpwM
th.nM .xpr•~d. ,/1nd th~ .,td Q~ver 1 y M, iCota I
' wH• of rt~..~td C. ames Kotal
~rpon . wpar•» ~nd prtvab
~,canHNNo+r¢~ ~nd ~pan f~om F»r uid huaband ~ckrwvrl~dp~d to ~nd b~fon m~ th~t aM ~x~cut~d s~fd tmtrumMt h»Ir u~d volu~r
' r~rily ~r~d`yvhro~k:a^y. ie4R~!!WM~~ oonstr~iet. MCr~lwnsion, or f~u of or from Mr aW INnb~nd.
M/titrESS tioy h.nd .nd offtetd s.d rhf~ 2 L dn, ~ Decet~b r A. p. 19 77
' . - ';-v., ~ LIO ANU yEC ~ / ~v
- r'r~ = ~ ~ ~ ' WC~E COUN r t ~ Not~ry publk In .~+d ra ~ .n of H«a..t t..o.
s:R+ti+k+ Tpt~~-r 1~ ~OCEp POITRA~ Mr Commwbn ~xpir~u ~ ~`,r
Flnt F~bciti.~r~jp~.-i `{oi;~ I?~wci.tion ~ c t.`_~;~c n ~ K
Of l~rt W~Titd~ ~
~ ~ Py~~. ~?a~. ~~0 3~s99'74
. J~~ 6 3 3~ PH
Richard K.Kayes
This Instrument Prepared By
First Federal Sevings b Loan Association
of Fon Pierce
Fort Pierce, Floride 33450
' ho
Checked By - .
~ k ~Qn ~ ~
~GOK W PAGE