HomeMy WebLinkAbout2602 S. Yo placs a~+d conNnuo~sly ke~p on fM buildin~e row a Mr~afNr utuat~ an ~rid Ishd urd on al! ey~ipm~nt ~nd p~rsonaily cowr~d by thi~ moNq-
p~. with all pnmivmt tMrwn ps~d in full, fin irnwanc~ in th~ uwal ~ta~dard policy fwm, in a sum ap}xov~d by tM MORTGAGEE, and windsto~m
M»w~ee in tM vswl t~andard pol~ty fwm, in ~ wm spproved by tM MORTGAGEE, in suth tornpany w Compan~et +t tM MORiGAGEE may
dir~et: and •N flr~ ~nd wi~to~m i~sur~np poiicie~ on +ny of s~id build'+rps, My inter~st tMrein or parf tMreof, in tha pgreyat~ wm •fwesaid w
i~ utont thenof, shall tor+t~in the usv~l ~tandud mortguqa~ clwse or tuth nther daus~ +s the Matpaysa may r~qvin, maMinq tM ~ou u++de? s+~d poil-
ci~s, each ~nd every, p+yable ~o ~aid N~OftTGAGEf as its in~ere~t may ap{»ar, ~nd ~+ch and wery such poircY ~hall be promptly ass•qned •nd delivered to
sny held by s~id MORTGAGEE af furthsr security to said mortyaga d~bt, and, ~ot I~u than 1an (10) days in advance of the expiration of each polity, tn dr-
(ivsr to t~id MORTGAGEE a ne~ew+l lherwf, to~~fM~ with • receipt for the premium of wth rsnewal; s~d thare shall ba ra fi~e or windstorm inaur~nta
pl~ard oh ~ny of s~id kwildirwps, any intefest thenin w parf thrreof, unleu In tM form md with th~ lou paysble a~ afor~said; and in the evsnt iny a~m
of monry becomes psyabte ur+der such policy or polit+~~ said MORTGAGEE shall haw tM option ro receive and apply the same on acco~nt of the indebted
neu sscured her~by w to permit uid MORTGAGORS to retaiw •nd uM it or any part :i~ereof for ethcr purposes, without therzby wciving or impai~-
in~ any equity, lirn or right under or by virtua of this mortyap~; a~d in tht ~vent iaid MORTGAGORS ehe!1 fa ~ny raason fail to keep the said pfemisea so
infvred, or fail to delivar promptly a~y of xaid policias of insunnte to said MORTGAGEE, or fiil promptly tn pay fuily any premium therefor or in any
respsct fsil to psrform, diuharfle, executa, effM, complete, comply wirh and ebids by this tova~ant, or a~y part hareof, said MORTGAGEE may pleca and
pay fa such inaurarx~ or any part thernof without w~ivin9 or affsctinp any optio~, lirn, equity, or right u~t~ a by virtua of this Mortpaqe, and ~he
full amovnt cf sxh snd ev~ry tuch payment shall be immadiat~ly due and paYabl~ a~d aMll be~r intereat from tM dat~ thereof ~ntii paid et ths rate oi
nins per ce~tum pe~ annum and together with such interest shail ba securad by tF?~ li~~ of thia mort9sqe.
4. To permit, commit ot iuffer no waste, impa9rment or deterioratwn of said praperty or any pah thereof.
5. To pay all a~d :inyulyr tiee cwh, cturqes +nd expana~t, includinq a rsaso~able attorney's fee snd wsts oF ebstracts of title, incurred or paid at
any time by said l1AORTGAGEE, because w in the ~ve~f of the failuro on 11+~ part of the aaid MORTGAGOR to duly, promptly and fu~~y perform, discharge.
extcute, effeN, complete, comply vvith and abide by ~ach ~od evtry the atipulations, ayreemMts, conditiom, and mvenants of ~aid promissory note and this
martgage any or either, and said costs, ci?arqes and expenses, each and every, shall be imm~diate~y due and payable; whether or not there be notice dr
ma~d, anempt to collect or ~vit pand~ng; s~ tha ful) amount oE each a~d svary suth payment shaH bear intcrcst from tl~e date thereof until peid af the
rate of n~ne ptr cent~m per snnum; and all said coits, cha~qss snd expenxs incurt~d w p~id, toqtther with such intetett, ~hall be ~eturod by !hs lien o4 thi•
mprtqeqe.
6. That (a) in the event of eny breach of this Martgaqe or default on the part of the MORTGAGOR, w(b) in the event eny of sefd sums of money
herein referred to be not promptty and fully paid within thirty (30) days nezt after the same severally become due and payable, without dema~d or no~ice,
or (t) in tfie event each and every the stipvlations, agreements, conditiona and covenant~ of sa~d promisao~y nole and tF~~s mortgaye any or either •re not
~uly, promptly and fvlly performed, dtscharged, executsd, effected, completed, tomplied with end abided by, then in either a any s~ch ewnt tha seid ay-
gregate sum memioned irt said promissory nore then remaininq unpaid, with interest Accrued, and ail moneyx secured hereby, thall become due and pay
able forthwith, or thereeftet, st fhe option of iaid MORTGAGEE, es fully a~d completely as if al! of the said sums of money were originally stipu~ared
to be pnid on wch day, anything in said promissory note or in this Mortgage to the tontre~y notwithstanding; and thereupon or thereafter et the opt~on of
said MORTGAGEE, wirhout notice or demansl, wit at !aw or in equity, there~ore or thareafter begun, mey be prosewted as if all moneyt secured hereby
had matured pnor to its institution.
7. 7hat in the event that at tha beyinnirxJ of or at any time pendi~g sny ¦uit upon this Mortgage, or to foreclose it, or to reform it, or to enfores
payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisd~ction tfie:eof for the appointment of s Receiver, such Court shall
Forthwith appoint a receiver of said mortga9ed property al) and singular, inclvding all and aingu~a~ thr incomt, profit~, isaues end revenuee from whatever
sou~ce derived, each and every of wh~ch, it being expressly understood, is hereby mortgaged as if spec~fically set fo~th and described in ihe yranting and
habendum clauses hereof, and s~ch Reieiver shall have sll the broad and effective fu~ct~ons and powers in enywise entrusted by a Court to a Recaiver, ar.d
t~ch appointment shall be made by such Court a• an admitted tquity and e matter of absolu!e r;ght to said MORTGAGEE, and withouf reference to the
adequacy or inadequacy of the valve of the property mortgaged or te the soivency ar insolvency of said MOR7GAGOR or the defendar.ts, and that such
renfs, profits, income, isaues and revenues ~half be applied by such Receiver according to the lien or equity of said MORTGAGEE end tha practice of such
Caurt.
8. Yo duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements,
conditions and covenants in said promissory note and thia mortgage set forth.
9. That in tF~e event the ownership of the mortgaged premises, or any part thereof, becomes vested in a perwn other than the MORTGAGOR, ths
MORiGAGEE, its successors and ass~gns, may, without notice to the MORTGAOR, deal with such successor or successor in interest with reference to thi~
mortgage and the d:bt hereby secured ir. the same manner as with 7Jlortgagor without in any way v;tiating or d~scharging the Mortgagort' liability he:r
under or upon the debt hareby secured. No sale of the premisea hereby mortgaged and no forbearance on the part of the MORTGAGEE or iti successors
or assigns and no exrension of the time for the paymeM of the debt hereby secured given by the MORTGAGEE cr its successors or aisigns, shall operate
to release, d~scharge, modify thange or affetf the original liability of the MJRTGAGOff hetein, either in whole or in part.
10. It is specificaily agreed that time is of tne essence af thiy contract and that no waiver of eny obligetion hereundrr or of tha obligetion ar- «
eured hereby ~hall at any time thereafter be held to be a waiver of the terms hercof or of the instrument secured herby.
11. in addltion to the #orego:,~g mon!hly payments of prir.Cpal a:id interest requiwd by ihe promisscry note srcured hereby, mortgagor covenants
and agrees ro pay to mortgagee with each monthly payr:~ent a~ adci~iional sum esnmated by mortgagee 1~ be equa! to 1;`12 of the annual cost of the folloev-
ing:
A-All real property taxrs levied or assessed againsr the above d:scr:~ad ~°a! estate.
B- Premiums on fire and wir.dstorm insurarte as herein reqv~red to be carried on the improvements situaSe on the above d2scribed premisas.
C-Premiuma o.^. such mottgage guaranty insurante as morigagee shall frqm rme to time deern fit to carry on the loan secureu hereby.
Mortgagee shall from time to time norify mortgagor in writing of the amount due and payeble hereunder ard such sum shall thereupan be ciue and
payable on the due dare o4 ?he next n,onthly payrne~~ and each successive menth thereafter u.~ti! mortgagee shall notlfy mortgaaor of a change ~n such
amount. Such sums sF.ail be app:~ed by mongagee toward the payment of real property taxes, insurance prem;un,s, and mortgage guaranty inwronce
premii~ma.
I WITNE55 WHER the said MORTGAGOR has herevnto set his hand and seal the day snd year firs efore id.
gned, SqsjeFt d d ered in the presence of:
L~~ (Seal)
`~t'J~C1 ~„y:.~._ +s1. ~Cd_~?~L.~(Sral)
_(Seal)
(Sea I)
STATE OF FLORIDA ~
u.
CUUNTY Of n't I+l1C~~__~
Before me personatty eppaared K~rl ~fill$~°_,__. _ and
_____~@ 4 S i B_ fi+ . ~&ll@Y" hia wife, to me weil Enown and known to me to be
the individuals descri6ed in and who execvted the foregoinq instrument, and acknowledged before me that they executed the same for the purpases
therein ezpresaed. And the said__-~ B8 3 S~ 8 S s ~aU 83`
w+fe of the said Karl BaU92' , upon a ~eparote and ptivate
examination by me taken aeparate and apart from her aeid husband, acknowledged to and before me that she executed seid instrument•freely and vol~n-
tari~y and withcut arty compulsion, constraint, apprehen ' or fear of or from htr uid husband. ~~~~~'~;~:;''~r~~ _
.t ~ ~ ~
WITNE55 my hand and official seal thi~ 1~'+ day of y P' ti9-~
~ . . ~ - . 4'a..i•.
~ . _ ~:~.,,L..,....,, 't~}~i• , -
, otary Public in and. for .Jhs~"~aN(~t " 4~
My Commiasion axpfrcs: _ 'T, ~~d ~
Retvm To: ~ ~~~2 '
Fint Fcclerol 5avings 3 Loan Association p , : ~ V~~ 1(,g~
Of Fort P;erca. C''6~O AN~ fl~{.ro~O~O •'O~ ;~au`.
f
Fort f'ierce, florida • • BD~K ~ ~~~~~'/~j'~,~
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• 9 p~ 3 : 54 .
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~ ~ W _ ROGER POITRAS. ~ Y
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• OUNT .
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