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HomeMy WebLinkAbout0762 ~ ~ ~ ~ ~ ; S. To pl~c~ and conNn~ovily ke~p on fh~ buildi~+ps now a he~e+fta ~itu~t~ oe+ i~id land ~nd on all equipm~nt u+d p~tionally cownd by this matp~ •y~, witA al) pr~miw+ri thcr~on pa;d in full, fi~~ insur~nc~ in the uiu+l standsrd policy fonn, ~r? a sum app~owd Dy the MORTGAGEE. +nd winditorm ~nsw~nc~ (n th~ uiwl at~ndard policy (anp in a sum approved by tlw MORTGAGEE, in s~ch company w canpani~s a! tl+~ MORiGAGEE m+y dincrt ~nd all fih and windsrorm i~uranc~ polici~s on any of said build~n~i. any intK~~t ther~in w pan tM.~of, in tM ~Qgrey~t~ ~um ~for~~aid ot in ~xc~ss thenot, ~hall cont~in tM uiwl sundud mortg+pe~ clause a tuch oti+N clause ~s tM Mortq~pt~ may ~~qu'a~. maAinp tM Iws und~? uid po1F ci~t, fKA ~1~ tvtry, paY+bte a~~id MORTGAGEE u its intereit may ~ppNr, +nd each ~nd ~wry tuch policy sMll b~ promptlY a~s:9n~d ~r+d delivHed ?o any h~id by s~W MORIGAGEE ~s fvnher security to said mortyay~ debt. ~nd, not I~is ~Mn ~en (10) days i~ ~dv~nc~ of ~M ~xpi~~tion of ~ach policy, ro dr liwr to said MORTGAGEE a r~newal thsrwf, top~~M? with ~ nu~pt for tM pnmium oi t~ch renewalj ~nd ~Mn aMll b~ eo fin or winds~am inwru+c~ pl~ad on ~ny of said buildinps, ~ny inter~st therein or parl therwf, unl~ss in tM fam'and with tM losi p+Y+bl~ ~i +fw~s+idt +~d io tM ~v~nt ~ny sum of maKy becams p+Y+ble unds~ wd~ policy a policiet said MORTGAGEE shall Mw tM option to ~eceiw u+d ~pply tM sam~ on ~ccount o~ 1M ind~bted- nsu kcv~~d Ikrtby p ro peimit fsid MORTGAGORS to receiw ~nd us~ it w any pa?t tl+ereof for other purposei, w~thovt thereb~ waivi~q a impair- Irg any pv;ty, Ii~n p ri~ht under w by virtw of this morty~pr, u+d in tlw ~vent s~id MORTGAGORS sAall fw any ~~ason fail to keep tM uid pnmises w insurod, o~ fail to deliver promptly ~nY of said polKies of insu~nca to aid MORTGAGEE, or fsil promptly to p~y fu~ly +nY premium thenfw a in any respect fsil b pKforn~, disch+rg~, ~xecute, eff~ct, complet~, comply wi~h a~d ab~d~ by this covenant, w aey wr~ h.rwf, iaid MORTGAGEE may pl~ a~d p~Y ta s~th insu.anc~ or ~ny p+rt thsreof without w+Ninp w ~ffKtinp ~Mr option, (iN?. puity, w ripht undK w by virtw of this Mat9ap~, ~nd tM full ~mo~nt of each a~d ~wry such payment sh+ll b~ imrnediately dw and payabl~ ~nd shsll bear Int~rest from ths dat~ thereof vntil paid M th~ raq ol n;rw pN te~?tum p~r ~nnum and together with ~ucA ~roere~t sMll be secured by the lien of this mo.tpa~s. 1. To pKmit, comnit or wff~r ra wut~, imp~irment w dtterior~tion of ~sid property or +ny p+?~ tMrwf. _ 5. To pay all ~od sinpulu ths<ost~. char~es and expenses, incl~dinp a reason+ble ~ttorney's fee and costs of abitrscta of titl~, incuned w p~jd at ~ny tim~ by sa7d MORTGAGEE, becaua~ or in the ewnt of 1M failu~e on the put of tM taid MORTGAGOR ro duly, promptly ~nd fvlly perfam, d~xhargR exaut~. ~ffed. complet~. comply with and ~bide by each ~nd every the ttipulations, ~greements. conditioro, and covenants of said promissory note ~nd this mat~aps any or e~tlw, and s~id costs, charges and expenes, each ~nd every. shall b~ immedi~tely dw ~nd p~yabks whether a not ther~ b~ notice da m~nd, ~ttempt to colled u suit p~nd~rg; and tM full sn+ount of esch end wery wch payrn~m sMll bea. interest from the date the~eoi until paid ~t the rate of nine per centum per annum; ~nd all s+id ccsts, charges and expenses irKUrred or p+id, together with such interss6 shall bt secured by ~ht lien of thu matps~. 6. '~Mt in the eva?t of aey breach of this Mortpspe w def~ult on ths part of ths MORTGAGOR, or (b) in tM svent sny of sa~d sums of money ~ herein r~ferred to be not promptty ~nd fully paid within thirty (30) days next after the same severally become due ~nd pay~bl~, witlw~t dem~nd o? r?otice. or in tM ~vMt each ~nd every the slipulatioiu, sgreementt, tonditions and tove~snts of s~id promissory note ~nd th~s mortyaye ~ny a eitl+~r art not iuly, pranpNy and fully performed, d~scharged. executed. effected. completed, compl~ed w~th and ab~ded by. ~hen in eitF~ or any such ~vent tFw iaid a~ preg~t~ tum met~tansd in said (xomiuay note then rem~+ninp unp~id, with iroerest ~ccrued. and all mo~eys secwed htreby. sh~Il betome dw and pay- ! able forthwith, a thrresfter, +t the opYwn of said MORTGAGEE, u fully and completely as if all of tl+e wid s~~ns of money were agin~lly ttipul+ted to be paid on wch day, a~ything in said promissory note w in thi~ Mwtg~ge to the contr~ry notwithstand~ng; and therevpon or thereafta at ths optan of said MORTGAGEE, without notic~ or demand, suit ~t law w in equity, therefwe or thereaher begun, may be prosecuted ~s if ~II moneys tecured hereby had m~tured priw to iri institution. 7. That in the event tMt ~t the beginning of or ~t any time pending ~oy svit ~pon this Mortgage, w to faeclose it, or to reform it, w to enforc~ payment of any d~ims heieunder, said MORTGAGEE shall ~pply to the Court having jurisd~qion thereo( fw the appantment of • Receiver, t~ch Court shall 1 fortFiwith +ppoint a receiver of uid mwtgaged property alt +nd singular, includ~og all and sirgular the income, profits, iuues and revenuea from whatever ; source daivcd, each and every of whKF?, it beirg ezpressly understood, is hereby mortgaged as if spec~fically ut forth snd detuibed in !he ~~anting a~d habendum dsuses hereof, and such Receiver shall have sll the broad and eifeaive furxt~ons and powers in anywne enuvsted by a Cov~t to a Receiver, and ~uch appointment shall be made by such Court as an sdmitted equity and a malter of abwlute right to said MORTGAGEE, and without refcrence to tF+e adequacy a insdequacy of the wlw of the pioperry mwtg~ged w to the sotvency or insolvency oi said MORTGAGOR a the defendanti, and that tuch rents, profin, incane, iuves and revenuea shall be applied by such Receiver accordiny to the licn or eqvity of said MORTGAGEE and the p?actice of such CouA. 8. To duly, promptly and fully perform, dscharge, execute, effect, complete, comply with and abide by each and every the stipulatia~s, ~greemenri, condition~ and covenants in said prom"issory note snd this mortgsge set fwth. 9. That in the eveM the ownership of the mortgaged premises, or any part thcreof, 6ecomes vested in a penon otf+er tF~sn the MORTGAGOR, the MOitTGAGEE, Hs successors and auig~s, may, without notice to the MORTGAOR, desl with such su~ceuw or successor in interesl with refere~ce to this mortg~ys and the debl hcreby setured i~ the ssme manner ~s with Mortgsgo? without in any wsy vitiating or diuharging the Nbrtgagors' li~bility hera- + under or upon the debt hereby secured. No sale of the premixs hercby mwtgaged and no forbearance on the p~n of the MORTGAGEE or its successon or ~uigru and no extension of the time for the paymeM of the debt hereby secured given by the MORTGAGEE or itt successors or auigm, sl~ll operats io release, discharpe, modify change a affect Ihe original IiabiUty of tF~e MORiGAGOR herein, either in whole or in p~rt. 10. It is specifically agreed that time is of the essence of this contract and thst no waiver of sny obligation hereunder or~f the oblgaYan sr a:red hereby sMtl at any time thereafter be held to be a w~iver of the terms hereof w of the instrument secured herby. 11, In addition to the forego:rg rtw~thly psyments of princ'pDl and interest requ~red by the p~on+~uory oore secured hereby, moregsgor covenants ~ and agrees to psy to mortgagee with esch monthly paymcnt an add~rional sum es~~mated by mortgagee to be equal to 1/12 of the annual cost of the fofbw- ' 1 ing: A-All real property ta:es kvied w assessed against the above desuibed real estate. j B-Premiums on fire and windstwm insurance as herein requ:red to be carried on the ~mproveme:?ri sitvate on the above desuibed premises. l C-Prcmiums on such matgage guarsnty insurar,ce as mortgagee shall from t;me to time deem fit to carry on the ban secured hereby. ! Mortgagee shall from time to time notify mortgagor in writeng of the amount due and payable Ixreunder ~nd such wm shall thereupon be due and j payable on the due date of the next monthly payment and each successive month thereafter until mortgaget shall notify morsgagor of s change in such s amount. Such sums shall be applied by mo~tgsgee toward the paymem of real property Faxes, insurance prem:ums, and mortgage guaranry insurance 4 prem' f. z y year firit aforeasid. } N WITNESS , the s+id MORTGAGOR has hereuroo ut his ha~d a~d teal the da and ~ Sg al a i e~ in presence of: ~ ~ ~ - ' •n ; ~ , ~~n ; ! ~n ; ~ ~ . ; ~ cs~~i~ ~ STATE OF fLORIDA ~ Saint Lucie } i ~ covrmr oF . Frank J. Alicki Befwe me I?y ared a~ ~ Haze~A~ic c~i . his wife, to me well known and known to me to bs the individwls described in and who executed 1F~e fwegoing instrument, and acknowledged befwe ms that they executed the same fw the purposes rherein exp~eued. And the ss'~ Ha2@1 Al1Ck1 wife ot the taid Frank J• A11Ck1. vpon a sep~rate snd pr~wro 'R ~ e:~minatan by me taken separote and apart from he~ said husbar?d, +cknowledged to and befwe me that ihe execvted said instrument freely u~d voiuo- tarily and withovt ar~y compulsion, constraini, spprehensi~w feu of or from her said husband. ~ WITNESS my hand and offidal seal this c,~S dsy of January A D. 1968 ~ - Notary ic in a iw tFm Stste of Plorida at Lar~e ~ My C ission enpira: Return To- fiat Fsde~sl Savings 3 tosn Associat~on NQtary Qu~f~t. State of Eiorida at LHge ~ Of fort P~erce. ~ ~ ' pj~~ Auq. 6, 19~~ ' Co~~-.cs::~a Ex ~ Fort Pierca Floiida ,r~~~~ Y eoce.a t- wm«~c+e f n a Caw~Y1r C4~ ~ ~ FILED AND RECORDED' ~ '•v~-~=. ST. ~UCIE COUNTY. FLA:? ~ --1 RE CORO VFRIFIFD ~ . _ : _ . This instrument prepared by „ ; ^ ~ First Federal Sav. & Loan Assn. - : ~ ~ of fort P,~erce ~ - ` 4. '66 JAN ~ . _ _ : 2` AM I I . 06 ~ - - ..~,..,.:...t~ ? $y ~ . - ~ ~ 63~~2 ~ ; f~OGL• i: ?OITR,tS ~k : ~ 800K~~~ ~ CLERK CIRCUIT COURT ' # , ~ - ~ _ ~ ~ ~z s ~-r~i~ru ~,-",e~;, ~ ~i , ~ ~ ~f . F .,~z' ~ _ 1k .