HomeMy WebLinkAbout1955 3. To plate and continuouily Aeep on Iht+ 6ui!d~r.gs noa or I,ereafter Sitvata en ea:.! land and on all r~~i~;~iienl end personally cover~d b~r this morlg-
ega. w:th all p~emiums thareon pa.c! bn (v;l, l~ro U1SJf3~u•: ui ~hc .~su~: sianderd Eo!ic/ (wm, in a sum a~;pro.rd by tl:c 1.10RiGAGFE, cn~l ~xinds~um~
insurancr in ~'iu us~,il srand~rd ~~oGcy (o~~n, in a:~~n ~p,nruc~~d by ~he h!ORTC,AGEE. such eom~any er comp~nfes as tha t+10R1t~AGEE may ,
diretl; and all (ire a•~:l w~ncietorm inswanc~~ poGt~~~s on any of sa~d 6uiid~ngt, any intcrest therein ~x E:arl th~recl, in the a~gregate sum atoresaid ar .
in eAtrss ihi•~ee~, sF~s!1 ;onf.+in tf~.e uswl e~andard ~tiortyagee ciaosv cr sv.}~ uther c,+us~ as th~ l.lortga~c~ n~ay r~~qu~re, ma~.ing Ihe ioss undcr 3eid poli- ~
Cies. cach and evety. F~afab.'~ to sa;i 1:1~~RiGAGEE as ~ts i~t~v~~st ~f,ay appcar, ~n:l ivti: a~tid ~ve~~• svth ~~a!ity s1~all 6e ~:ron•,pt'~y essgncd a~:d de;~ve~ed ~o
any hefd by said htORfG.AGiE as funher se<~r~ty ro sa~d :nertga~e d~bi, a~:d, nof less rf,3~ ~en (IOi Jsys i:~ ae?ve~,<c oT tha ex~~.irat~ou oi each poi~cy, to dr•
liver to sa;d !.I~RT(sAC~E .i ren•_wal ;hireoi, mye~her .•r.!h a rcte~p~ for Ihr premium o( wch rece.tiit; and th~re sl~all La ~~o iir< or w:ndsto~m insurante
pleeed on any of sald ?~vi:d~nys, any intz~est Ihera;n or pjrt ther-•ct, un!ass ~n ~F: 1~rui and v.i~h tlre ~oss p~v.+b!c a: atc;resaid; and in the evenl any sum
of rnoney becomes payab'e under such polic~• or pol~cies sa~d l,~O~iGr.GEE ahall hava ~ha opt~on to receive and dpply thd same on accoun~ of the indrbted•
ness sctwed hcreby Or ~o pcnnit siid h10RiGAGORS ~o rrcrivc 3r~d ~se il or eny rt th<_rtot ?c,r eti~~_r pvr~ ases. ~::tFout ~h ~r, u; i.i,t~ i,~ nnpair.
ing any eq~ify, I~en or ri~ht u~ider or by virtuc of this ~no~~gege; and in tfie event sa~d A!CRIGAGORS shall !or any rc~wn fail !o kecp Ihe said prernises so •
. ir,jured, o~ fail to delivc~ promplly any o( s.~id poiiuci uf insuran:~ to s~~d t.!OF'.1GAGEE, et fail ~~rcmptly to pay fuily sny premi~m Ihcrefor or in any
~espeu (ai! to perlo-m. d:s:h:arge, ex.~<ute. eif~ct. con,p:e!a, cen,ply ~aiih a+~d at>1de by this cuvan.~nt, or ~ni pa:t hareo(, said htGRT^vAGEE inay p13ce ar,d ~
pay for wth insur.ir:e or ar,y parl thcreof ~v~thoul vvaiving or affeUi~;g any o~~tion, li~n, equ~ty, or r~gF~t ui:J:r or L~ virtue of this hlortgage, and the
full arnount of each and e~e~y svch payment shell bc in~rnedia!el~ due and E~aysb!e a~~d shall besr interest from ~ha dat~ thercof until paid at Ihe fJt2 0}
nine per centu~n E:er an~ium ~n:! t~~~,'i~e~ r.ith svch i.i:s:st sh.,li b~r s~c~rc;l h~ the lin~~ o( th;s mortgaye. _
-0. To permit, tornrnit or suffer no v:as~e, in.~.aiir.:ent or dete~iorotior; of saiJ propcrty or any psr: ~hareof. , y
.5. To pay all and singul3r the ccsts, charges and rxpensrs, incl~d~~~g e reasona6!e altorney's (ee and costs of abstraps of title, inc~rrzd or paid at i
any ~in:c by s.iid ;.1Gk1GAG:E., betause or in thc even! oF tho fa:i:,re e:i Ihe pari uf tho iz,id IdORTGAGOR to duly, pron+pNy and fully per(orm, d~scha~ge, f
execute, effeU, coinE,let,:, ccn;ply ~wth and ~L:d: hy each and ev~ry th~• stip~,!at~6n;, aqre~nients, condlt~ons, and tovariants of eaid pra~~izsory note and thif ;
mortgage any or eirher, ar.d sa:d cests, chargee and e~cpenses, each and ev~ry, sha11 6_ +mmed~dhlY CIuC and payab!e; whether or r~ot there be uot~ce d~
mand, attempt to tol~etl cr suit pendu~g; and tha full amounl of eech and every wch ~:ayn:rnt shail bear interesf (ran the date thereof vntil paid at the j
rate o~ nine p_r .~nt~~n } e: ann~:n; an:: .;N sa~~! cc~sts, charg_: aml a~xF:e~esrs ir,curred er ~-aid, to~ether ~v~th such i~terest, shal) be sewred by Ihe tien of th~3 ~
mortgege. ~ • .
6. ih~? (a) in th: c~~ent of a~~ brc3ch of this No:tga9~ or d•~iau!t on ;h~ ~~if ef thc ;:ORTGAGOR; cr (b) in thc event any oi sa9d sums of money
herein referred to be not pre~nptly ar.d fwly paid v:i~hin ih:rty t30! days ne.u oit~r tfie sa:ne s^vera!ty hecome due and p.~ya~!e, without demand or nolice,
ot ;c) in the event each anJ ~very tt:a stipu!afions, a~~reemeMS, cord;:~ons and covena~ts of sa:d p~omiisory nola and Ih~s mortgage any or either are nol
~~1~, urumptly ar.d i~i!y~ p_rfo:rz~.~d, d.s:~ary~_:?, exec~ted, cFfe,rid comv'et~d, compLed .•:~sh anci ab~~ed tiy, ihen in e~~her or a~y such event the sa~d ag-
grega!a surn me~tioned "ui s:iid ~.:crn:ssory nc:a ti~zn remaininc~ ui:p~id: ~x:tn inttr~:t xtrord, ar,d ail moneys secured hereby, shall become due and pay
ab'e fo~th~vith, or th•_reafti•r, at thc o;~~io.~ oi sa~d M021GAGEE, as fuHy and ccmN:etr!y as ii ail of ti~; s~id sum~ of money were or~gina:ly st~pv;ated
to he pa:d cn su;h d4y, ~nTthir.~ n sa::i l:rorn~sscry r.ete er in th~s 1.1t~;tg3g~ w ih: comrary no~,vithsrar.~:ng; and ~harru;~on or the~eafter at the oplion of
saiJ R'tORTG:.GLF, V:dFOi;t r.ot~ce or den,,~r;c+, suit at tax or in equ:ty, th•~retare or t1.e:cafter bcgun, ma~r b~ prosecuted as if all moneys setured hereby {
hsd m.~tured pr~cr to ns inst~tut~o:~.
7. That ~n ILe eve::t ~t~a? at th•~ ~_ginning ef cr at any f~~re pendina any =u~t v~:cn !'.as S1ort9a~e, o~ to foreclose it, er to reform it, or to en(orce
payment uf any t'3irr,s h~rernd;r, sa;d ?:GRTG.+L-c` shai! ~,~piy t~ ~f;;? CJ'J/~ ha,•::~y ;;.:isci.cficn thcr~of for ihe apHo~nimenT of a Receivet, Suth Court shal{
FortF:.~irh ap~:cii:t a r<._,. . ol s~:d ~r.,rtgay_d ::~ep~.rty a'I a•~d sirgu~ar, i_::Eu;,l.ng oil anci sin3u~at tl e i:~coive. Pro(~ts, issues and revenues from w,•hatever
s~u•te c4•riveJ, eacii and evcry ef wh'ch, ir i•rir.g .:ap:esz'.•: urde:siroci, is ntrrE~y R:vrJi~3~~Cd as it s,:ec~fitally set forth and described in the graming and
h~t~~:.:tum c`avses hereof, ;,nd svch Receire: sh~ll ha:: a~i the b:oad and eff~!ive fvccLcrs end pc:re:s in anyv:~se entrust~d by a Ceurt to a Receivet, ar,c~ .
s~ch ar pci=~tme>>r shalt be ~nr.de by sc.ch Cc~
~rt as an .,d nl~te•d cqu~ty and a~• a~rer e: aL~o!vte rqht to sa~d h10RTGAGEE, and ~vithout referenee to the
adeyaa~y or ir,adeq.~~cy of tl:e va'u~ ui th~ nrepert~ rr.ertgagi~~i ur to tF~ s~..enty c: ~~~soivcncy of Sa~d ?dORTGAGOR or the de(endants, and th;t such
rer~ts: Yrei;ts, income, iswes ar:d ;a~•erues ~ha:i oe app~ied 6y such Recai•.er ~,co~c;.r:g ~o ihe iien or equity of said t.tORTGAGEE ar.d the proctice of suth
Court. ` ,
8. To du'y, ,r.rorr~:;iy ar:d fu!!y perfo:~». d~scf:arce, execut~, effect, com~iem, to:n, Fr v::th and abide by eath and every the stipuiations, agreemenis,
cond~t~cns ~nd co•;rnants rn sa~d pr~m~ssory r,o!c and th:s m::tg~ge srt forlh. ;
c
9. 7?:at i~ the event thc ov:ners~•i, of tn>> mor!gaged pren,;ses, or a+r~ part thcreof, c~comes ves!ed in a perscn othsr lhan the l~10RTGAGOR, the
1.'•GRT~ A.G_[, i~s svcc~ ss ~rs 3nc! ass~~r,s, n+ay, v::.l,ot~t ro;ice to +t,~ .'.7RiG%-On, deai .~ah svch successor or successor in interest vrith reference to th~s
n:0•t c ~ ar.cl 7he cl~i1 h.,yre:~ s~:i•r,J in t::e sam~ n:.i:~r:ir a5 1::th .'>>rt: .:;theut ~n 3n i
9'.3 / ' y ~•+•~y vit~ating or disch~rging Ihe /~lortgagors' liability here-
under or ~~»n th~ d~~L~~ h_re.~~ ;:o~~c~i. f:~ s~:a o{ t~.e F.e-.,,;s~rs tierrb~ ~norry;gcd ar.d r.o forf.~arance on the part of the G10RTGAGEE or its wteessors i
or ass;nns a~d r.o exeens~oa o~ thr ti-_ io• ~i~e ~,ay ~_~,t ,f ti» de~,t !;.--r~~by s_cu:ed gi.~en by the N.ORTGAGEE or irs svccessors or ass~gns, ~hall operate 3
to re!ease, u~scharge, med;fy ci~;;nge o~ a`Ie:t th~ o-~_;~~.:i G:w:i:~~ ot ti~e l:.QRfGAGOR F,er~in, eiiher in ~~hole or in part. _ S
lU. It is sr,c f~cai;v ag*eed it:~t t~•ne ~s ef ~tr~ ;sse:~ce of tLis conTract ar,d ~hat r.o wa~ver oi any o~l~gatien hereunder or of the obligation se- ~
" ev:ed hereby sha!i at any tin,e ~herea`t~r 6~ h~:-i to b_ z v;~;ver of sf;e !erms ~~er~of cr of th= i~,strument secured herby. ~
. ~
_ f,. , F, ~ .nd i~v_r:.
i l. in ari:} ~'o ;h,e ?or:,_~ n.i o;;+.!•'f ~~n:_ n~s of ri:r_ <t t~q:,ircd !:y !Fe prom:sscr~ no!e sc.ured hareby, mertgagar tovensnts }
and agrecs to ;,~y ~o n~o~~g=c.:e ..~:h _~ch c,~f:'; ;:a;• .~e a•~ 2;1 :~'~Jn3`. 5~'.^.1 ~5' -`:d1~'!1 ny n:w~gagee to be equal to l;~ 12 of H:e annual cost of the fotlo~x-
. j~~. . _ ' . _
A-Ail rcai p;rope.:~ 73xes c..;c or ]:5_S"r:f .i;3i.t5• 'f:_ .lt:OvB :i>scrit•_d _ai esiate. . 3
6-P:_:*: o:~s o:i fir~_ z~~~ ~•:?::;_(sic.-m ;rsu~:~~ i~~ .3; ner>:;: r,.~~.re;,+ te L•e can~~d cn the imp~ovem~~ts s~tuate on th~ above desaibed premises. '
C-9remi;::r s o~ ~~:ch ~~:orr_;age ~ua.snty ir.;i•rr~c•~ .~s ~.._•rgac~~ sh;!~ ':c-: t'n~:.: to t;:ne deem iit to carry on the ioan secured hereby.
~.lortga.^.~e s~~ t Er~::: ~:~,-c to ~[n-c nct'f.; r.:~rs,~g~r ~nTv.r:t~ng o9 tne a~T.o_~t 8:, and payab?e hereund~r and wcti sum shall thcreupan be due and ~
p~yah!e en th_ dv,~ d~r_ ci t^;a n..t r.,p:~t~;:~ : 3'j~~;~ ,t s~ccrssive m~cth t!-~e:eafter uatit mcrtgagee shall nofify mortgagor of a change in such N
ac~cunr. Such su~ns s~~:i 6= a~ ~~:i_d k:~ o:o.~g~~.,., to-.ard the pa~~r.ent of, real prer~rty ~axes, insuranca przrii<ums, and mortgage guaraMy insurance #
rren:jun-:s. ` . .
3
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1`J ~'.IiPJESS 'lrNcx~tJr. =he sa:d f.'.O-:IC~:,~:;n F~as r:=reu,'o ser nis har.d and se3i he day an ye f,lst afores~ ~
i ned, xa'ed ar.d Flet:vered 7n the pres^_ncc o`: ~ . ~ ~
~ ~ ~ ~ 4' 4uR0E0 ~
~ EfIEU ~ • ~
g1.LUC,c ~=OJYiY FLA. _ v2 Seal)
- - - Ri~G : ii C 311~A$ ~~L - (Seal)
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_ ~~~t1"-' _-x~u.~--~tz.~^= Cl' • , . ~ -
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' - y ~ S9 ~11 } 1 ~ i (Seal) :
i . STATF OF FLORIDA )MA~ ~v '
cou~ar•r o~ -St . Lucie _ 1 _ ~~t~,_j9~
. David P Ke11 .
. _
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f.. ~
B f rr~ a
e cre _ prrsc~a,. a ~_red - -
/ F~-- - - - - and
. .
----~LL~~"1h~S._~-_el~, , ~
y - h's •xife, to me v:ell r.ncvrn and kn n f
. oh ometo
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tn= ~r.Jivi~v3?s d~sc~L_d !n a-i_{ •!;o exe:u:ed ;h_ fae^y0ir,g inz!rurcer,t, and eck~cv::.ed~ed be.`e:e r.:e that they exec~ted ?he same. for,tht purposes ~ ;
Susan S. Kelly ~ ~
the;e~n expteSSeJ. ~+nd the s;:d--- . ~ ` '
~ David P. Kell ~
wife of the sasd y _ ~pon b'sEpa~lei °tVd~p~t'vata' ~
e:am'nat:on by me ta.•_n separate a»d apart fre:n her said husband, atknowledged fo and before me t~~at she-exetuted said instrum~nf'frgely ahd yoluq=`~ = ~
rarily ar.d vi~rnovt any tr±mpu'SiOn, cens!raint, aprre'~ensien, or fear of or fr~m her said husband. - . L~., ~ t" :
iYITtrESS my hand ar.d offic~al sc-al th:s----lf3th ~3y or_ :~ia_~_ • - D. 19__~ G~ ` ;
_ _ - /i~~~ ~ ~~'1,..~ : ~ . -
, ~ s . ~ i
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, . Not~ry Pubt~c in and for the St2te oi ftor~da •af ~ r t~~~ _
h1y Commission expires: ~ J~ S/
_
Return To: _ _ ~ f ~ ~
f:rst Federal Savings E Lo3n Assxiat;on ~ - '~•1j~~'~":'• ' . j
Of Fo:! P E.~.._ - ~
Fort ?ierte. F!er~d3 - 3
. $
- _ ~ _ _ pR ' ~
This Instrument Prepared By J. H. Roberts, Jr. $00!(~.t~V P11Cf~i1~i ~
First Federal Savings & loan Association . ~ ~
of Fort Pierce~ Florida . _ - ~
Checked Bv ~ . ~
- ~
_ - ~
~ . ' - • C StV ~
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R _ :