HomeMy WebLinkAbout0819 3. To ptate end tontinuowly krep on 1ha buildings now or herea(ter situ~~e on said !and and on all equip,nznl and p~:r~Jnaliy covere~ by thii mo~tg-
sga, w~th all p~emiums thereoh Maid in tull, (~~a ins~ranc~ in the uiwl ita~u~a~d µuticy form, in a sum ap},roved by thr MORIGAGEE, end w+ndslorm ~ ,
Insurance in tha us~a: ~~andard pol~ty (orm, in A sum dfJ(1(OY2(~ ~y tha h10RTGAGEE, in wch company or compan;es at the A10R~GAGEE may
direth end ali iIre nnd w~nJslorm insurar.ce po6ue~ on a~~y of sa~d twild.r.ys, any interast thcrein ur parl there.,f, in Ihe aggre~ate sum afo~~said or
lo ~xcess Ihereof, shall contain the usual standard mal~agee daus~ or tuch other clauao es the hiortgayea may requi;e, making tho tos~ unJer sa~d poli-
cies, each and every, payab~a ~o said AtOR.TGAGEE as I~s imerest ~nay aE>pear, and each and e~ery such po!Icy sl,all Ue prom~,~ly ais 9~ed a~d delive~ed to
any held by said AlORf4AG.E as (urthar security to sa~d mot~flaga debt, and, ~~t lass Ihan ten (10) days in advan;e e! Ihe expirotion oi each policy, to de- i
(iver to sa~d h50RTGAGEE a ~en~wal Ihereof, together with a receipt fo~ th? pramium of such ranewal; and th~•re shall be no (iro or wi~dstorm insurance ~
ptaccd on any of said buildings, any interest lherein or parl thereef, un!ese in the (ann ,-nd w;th the losi payabla as a(oresaid; and in ~he eveM any sum ^ ~
of n:oney becomps payable ~ndrr such pollcy ar polities said h10R1G~CcE sF~all h~va the opt~en to recelvr and apply tha same on accounl of the indabted- ~
ness secu~ed h~reby or w penn~t said IAURTGAGORS 1o receiva rnd use il or any F~art th::col (or o:h~: purF~oses, v~~fhour iharru~ wai~in9 or 1mpa~r- ~
ing any equity, licn or ~igh1 undzr or by v~rtue oi Ih~s mo:tgage; and in the evenl sa~d AIORTGAGORS shall for any reason fail to keep Ihe saiJ pre~nises eo ~~1~-
lnsured, ~r fail to deliver piomplly any of said polic~es oF insurante to Said MORTGAGEE, or (ail promplly to pey iully any premium thara}o~ or in a~y
respect fail to perforni, discharge, execute, ef(eU, tomplete, to:rply with and abida by this coven~n~, or any part hareof, said MORTGAGEE may plate and ~
pay (or :uch insurancr or any part th~reoi ~vitho~t ~vaiving ot a(fecting any opt~on, ~ien, equity, or ~i~ht ~nder or by vi~tun of this hlortgage, and fhe ~
iull amount of each and evrry such payment shall be immediale~y dua and payal~le and shall bear interest from ~ha date thereof until paid at ths rate ol
nir,e pe~ centum per annum and to7eitti~r ~vith sutl~ inlerrsl shat! be s~cured by the lien uf this mortgage. i
4. To permit, commit or sutier no wasle, impaitment or deteriorotion oi sa~d propcrty or any parf thereof. , i
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5. To pay all and singular tha casls, charges and txpenses, indudinQ a-eatonablo a»orney's fee a~d costs of absfracts of title, incurred or paid a~ ~
tny time by aaSd h10RTGAG:E, becacie or in the event of the frilure o~~ the part of ~he said h10RTGAGOR to duly, pra~nptly and fvliy periorm, d~scharge.
- execvte, ef(eU, complete, comply vv~th znd al~:dz by erch and every the st;pv!atrons, agr~e~~,e~ts, conditions, and covenants ef said promissory note and tF.i~
mo:tgaga any or e~~her, and sa:d cos~s, charges ar.d expenses, each ard every, shall bz immed~ately due and payabla; whether a not thzre 6~ netice dr
mand, attempt to toltett or suil prnding; and the (vl~ amouM of eath and e~ery Svch Faymenl shalt bzar m1~~es1 (rom the date thereo) vntil paid al the
cate of nine per centunr per an,:uar a:id all :~id costs, charges ar:d expenses incu:red or paid, togethcr ~v~th such imerest, shall be setured by Ihe lian of th~i
mortgage. ~
b. That (a) in the evenl of any bre~c!~ uf this hlorlgage or defaull o~ the part of ~he A10RTGAGOR, or (b} in the evenl any of saT.d svms of money ~
here3n ~efe~red to be nct pranptly and ivlty pald with(n thuty (301 days rtext afk:r thc same seve~atty becomo due and payable, without demand or notite, ~
or (c) in tha evenl each and every the stipu?ations, agreements, condit~ons ard tovenants of sa;d promissory ~ote and this mortgage any or either are no1 ~
~uly, pramptly and ful~y p.r(enned, d•scharg•~d, executed, ef(ected, comp!eted, compl:ed with and ab~ded by, then in either or any such event 1he said ag• ~
gregate sum mentioned in sa~d promissory note then ~er:aining unpaid, ~vith ItI~GfP51 acc:~ed, ar.d alI moneys secured h:reby, shall betome due and pay
able tarth.v~rh, ~r Iherea~ter, a1 the opt~on of sa:d AtORiGAGEE, as i~Ity a~xJ co~nptef~~ty as if all of ~he said sums of money were orig~na+ly sr~p~lated
- to be pa:d on suth d:.y, a~ylhin~ in s~:d prom~ssury note er in tnis Llortyagr tc~ the conlrary notw~thsfanding; and lhereupon ~r thereafter at the option o(
said MORTGAGEE, w~~hovt notica or demand, ~~~t at law or in equiiy, therefore or iher~a(ter begun, may be prosecuted as :f all moneys secured hereby
had matured pr~or to its inititution. . -
7. That in the event ihat at th_ brainning of or al any Iime p~ndi~~y any w~t u~cn fh~s hlortgage, a to foretlose if, or to reforne it, or to enfor[e ~
paym~N of a~y cla;ms he~eunder, said 1rORTGAG~~ sha;l a;.ply to thc Court having jw~sd;ction ihe:eof for the appointment of a Receiver, such Court shall
, (orthwith app~in~ a recriver of sjid me~tgaged propr.ty a!1 and si~igilar, indud:ng a1{ and s~ngular the inc~me, ~rofi~s, issues and revenues from whatever
s~urce drrived, each and every of ~vh:ch, i! tning exprc•ss:y vndrrstoed, is here~y mwtgaged as if spac~iically set for~h and rlescribed in the granting and _
habendum ciauses.hereoi, ar.d svch Rec:i~ar shali ha.e ali the broad and effect~ve fur.ct•o~ts and pov.ers in anyw~se entrusted by a Covrt to a Reteiver, a;:d
such appointment shatl be made bv s~ch Court ts ~n aomi:ted equity and a maller oi abscSu~e rigl~t to said MORTGAGEE, and widtout reterente to tha
adeouacy or inadaq~acy of the vaiue of the property rnwtgaged or to the so.venty or ;nsolvency of :aid h10RLGAGOR or the defendants, and Ihat such t
rents, proiits, incon}e, issves and rever.ues shat! be applied by suth Retrivcr accord~ny ~o Ihe lien ot equity of said MORT,raAGEE and the pradice of such i
Courl. _ s{
8. To du:y, promp!!y and fully perform, dhcharge, exetute, eitect, compl~te, ce:,,ply with and abidr by each ar.d every the stipulations, agreemeNs, t
tonditiani and covenants in sa~d pro~:issory ncie ar.d this mc~tgage set forfh. •
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9. That in the e~•er.t sF:e o,rr.ersh;p of ihe mortganed DfE~ti:SE1, or any parl tncreof. 6ecomes vested in a person o~her than the MORTGAGOR, the ~
. MORiGAGEE, its wcc~ssors and a:sipr.s, may, wiihout r.~+ice ro t'ie A",ORTGA~4, deai ;viih auch successer or successer in interest wiih reference to this 4
mo~tgage ar,d the debi i;er~by s=wred i~ the s>me n~anner as w~tn 1.lortgagn, w;thout in any way vitiating or discharging the hlortgagors' liability here- :
unde: or upon ~hc det~ hereby securrd. No so'a of ~~.e Fri~riSeS fictcb~ r,-,crt,c,ayed a~d r.o fo:bea~aRCe on~lhe part of the IAORTGAGEE or its successors ~
or ass~gns and no exrer.s`.on o'. ~he ~;m~ }cr the r~yn•ent oi the debt h~reby secured g~ven by ~he MORTGAGEE or i~s successors or ass~yns, ahall operate ~
lo re[ease, d:scharqe, mod~fy cF.ar:gc ot atteu the. o:+g~~»! li~b!;;ty oi ihe ~.'.ORTGAGOR hrrein, either in whole or in part. f
10. It is spec~licall~ agreed that t~~ne is of the esser.te of this contract and that no waiver oi any obfigaron hereunder or of the obligation se- ~
c~red h~reby shall a~ any ti~e th=reaiter be Fe:d ro t_• a ti•:a~ver of the !erm.s ~:e:eof ar of the insuument secured herby: ~
11. 1n ;ud:t;cn to the ~en.~e'rg mor.tii!y payn~_nts of princ'pa! and i:~re:est r?quired by the promissory nore secured hereby, -mOrtyaqor covenanls ~
anr ag~ees to pay io r.~ortgag<_e v.~,h ea:h n,c+vh'y ~~fr:,eni an edd:~ionaE sum e,.in:a~ed by mortgagee to be equal to 1 j 12 of the anrual cost o'F tha foflow- #
~~9:
A-Ail rea! Frcp;;rty t3.es i~v~:d or auess~~d jg~~•:s! t~c aboti•e d~st~ibed reat es~a~e. ~
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B-Prim~oms o:i fi:e and -.;~~dsto•m i~:w~acce as here~n reGu~red to be tarried en the imYrov=_ments siwate on the above d=scribed premises. ' .'t,
C--Premi~~ms on ~uth nwrtg:,ge yua*anf~ insvre: ce as mc+rgaoee shall frarr. -t:me to time d:em fit to earry on the loan secured hereby. _ ~
_ Mortgagee sha!i from ti:ne to tin:e net~fy mortgagor _in writ;ng of th~ art:ount due and payab!e hereunder bnd suth sum shall thereupon be due and
payabte on the d~e date of th= ~r_xt moatF!y paymen! ar.d each suuessive mo~th tnercaftcr ur,til mcrtgagec shall notify mortgagor of a thange in wch
amount. Such sums sh~il ~e appii~d by mortgagee tor.:,rd ~he payment of real properiy tazes, insvrance prem;ums, and martgage guaranfy insurance
premiums. - - _ :
i!J WITiVE55 '11HER~OF, the sa~d ~AGRIGAGOR has h<_reu^to set his hand and sea! the day artd year fir t aforesaid. ~ ,
S:gned, Sealed and delive:ed in the ~resence of: -
#~i,tr~? k!8
- - ~ P ~-N-f-} M, Kl i11 (Sea ) ~
~.~~i*.C~ItS ~ ~
i- ~ R~ Vf R~f4~~+r'~""' L~tt-~tl~ J ~ ~ UC. )2E'.._- fSeaq
~ VeYnette C. Kline ~~.a~~ -
STATE OF FLORIDA ~ + •
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tOU~JTY OF _ ' St. Lucie _ ~ . f~~ ~
' - 11~~'1~)L~6a~ `t
Befnre me persona!iy appeared H~_r?~_ K~li1e and ~
Vernette C. Kline his wife, fo m~ weli kno~vn and knoxn to me to be ~
the individua~s descr~bed ;n ard v:ho executed th< forego~ng instrumant, and ack~owtedged 'oefore me that they executed the same for the p~rposes
therein expressed. And th~ sa~~ Vernette C. Kline ~
wife of the said _ H• M. Kllne opon a seoarate and private ~
exam~nat:on by me !aken s~parate and apart f:om he• said husband, atknowledged to and befn•e me thal she executed said instrumen: freely and volun-
" tarily and w~thout any co-rpulsion, <o~straint, aFprehens~on, or 4ear of or from her s~:
± iiusband.
YlITNE55 my hand rnd of(ic~al seal this__ day of -`j~e ~ A. p. 19 75
----~~.,.~.~Gf-w~ /J ' ~ -
Notary Public in and for e State of Florida at large
• h5y Commission ezpires: ~ D- 3 J•~~
- Retum To: - . _
First Federal Savings ~ ioan Asscciat;on ~ .
Of Fort Pte:ce. _ -
Fort P:ercE, flcrida _ ~~.•:+i:ii::~~.'.. ,
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This Instrument Prepared By ~ Robezt A. Swisher Jz. ~~~;.i~,' ~ ~ ;
First Federal Savings 8~ Loan Association ~ i~
of Fort pier4e , Rlorida 33450 ~b ~ ~ - -
800K ~~O FAGE ? ~ :
p('~7 ; r i
' ~h°f~(P(~ U~/ Vi~ -~i;~ I _
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