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HomeMy WebLinkAbout2561 ~ 3. To~ I,~t~ and tontinvou~~Y keep on ti» build~ny~ now w hereafte~ situats cn sa~d land and on ali equipment and personally covNed by this rnwt~ ps, with i(1 premiw:a thereoe pa~d in full, firs insur~nc~ in the ~sual siandard po~icy form, ~n a su:n approved by Ihs MORTGAGEE, ~nd wind~tam 4au~ana i~ the uswl ttandard po~~cy torm, in a s~m spp~oved by the MORTGAGEE, in fuch compa~y or compames +f the MORTGAGEE m~y difKtj and all ('u~ ~nd windstorm iniurance polic~es on any of said build~ngs, ~ny i~lerest ther~in or p+rl thereof, in the ~gqrry~r~ sum afonsaid w In exceu tMrwf. shsll contain the uiual standard matgagee clause o~ such othe~ cl~use +i th~ Matgagee may requirs, makinp ths Ieec unda wid poli~ cia, tach and every, payable to said MORTGAGEE as its interest may appNr, and esch and every such policy shall be promptly +~s:y~ed and de~ivered ~o •ny held by iaid MORTGAGEE as further iecurity to taid mortgage debt, ~nd, oot les: than ten (10) days in advance of the expir~tion of each policy, to dr IivN ro ~aid MORTGAGEE a tenewsl thereof, togethN with • reteipt fw the premium of suth renewal; and there shall be ~+o fin ot winditorm insurant~ placed on any of said buildings, any interest there~n a p+rt thereof, unleas in the torm' and wi~h the loss psyable as afaesaid; and in tM evenl any ium of mon~y becom~s pay+ble under auch policy a policies sa~d MORTGAGEE ~hall haw ~M opt~on to reseive and spply tl+e s+me on +ccount o1 the indeb~ed- n~is yecyr~d hereby o~ to permit said MORiGAGORS ro receive and uss if or any pa.t thereof for othe? purposes, wfthout th3reb/ v:aiving w~mpair- inp anr pvity, litn a ~iqht under w by vi~tw of this mostg+pe; +nd in the evMt said MORTGAGORS shall for any reason i~il to keep the said premisd w intured, o~ fail to deliver promptly any of said polic:es of insunncs ?o ssid MORiGAGEE, or fail promptly fo pay fulty any premium therefor pr in snY n~petf f~il ro perform, dischuge, execute, effect, compkre, comply with and abida by th~s cove~anl, a any part hereof, said MORTGAGEE may plsce and pay fa such iruurance o~ any paN 1he~eof v+~~ha+t waNiny or ~ffectinp ~ny optan, lien, equ~ty, w right under o~ by virtw of th~s Mwt9s~e. •nd the f~ll amo~~t of each snd ev~ry such payment shall be immediately dw and p+yabl~ ~nd shall b~a~ interesl from the date thereof o~til paid M t1+~ r~tt ol nirK pa centum per annum and to~ethcr with sucA interest shsll be secured by the lisn of this mafgage• 1. To permit, canmit or suffer ~o wast~, impairment or deteraration of iaid property w+ny psrt thereof. S. ?o pay all and sinyulu the.toats, charges ~nd expcnses, including a reasonable attwney's fee and costs of abstrstts of title, inc~ned or p+~d at ~ny time by iaid MORTGAGEE, bacause w in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fully pertorm, d~scharge. ~xec~te, effect, complet~, comply w~th and ab~de by each snd every ~he stipulations, agreements, conditions, and covenanri of said p?omisx:ry note and ~hi~ mortgage any w ei~her, and said costs, charges and expenKS, cach and every, shall be immed~atety due and psyable: whether or not there be no~ice da mu+d, attempt to coltect w suit pending; and the full amount of sach and every such payment shall bear interest from tl+e date thereof until p~id 8~ the rate of nine per ceroum per annum; and all said cos?s, charges and expenus i~curred w paid, together w~th such interest, shall be secured by tM lien of thi~ morty+pe. e, Th~t (a) i~ the event of any breach of thw 1Nortgsge a default on the part of the MORTGAGOR, a(b) in the event any of said i~ms of money herein r~frrred to be not p~omptly and fully paid within thirty (30) days next after the same severalty become due and payable, without demsnd o? notite, w(d in the eveqt esch snd every the stip~rlations, agreements, cond~tions and toven+nts of sa:d promissory rate and th~i mortga9e any oa eitF~cr are not ~vly, promptly u~d futly performed, d~scharged, executed, effected, completed, comphrd w~fh and ab~ded by, lhen in either o~ any iuch event fhe said ag preg+ro sum mentioreed in said prom~uwy note then remaining u~Faid, with interest accrued, and all moneys secured hereby, shall become dw and pay- •ble forthwith, a thereafter, at the option of said A10RTGAGEE, as fully and com~lctely as if all of the said sums of money were w~ginally st;pulated to be paid on such day, anything in sa,d prom~ssory note or in this Mortgage to the cw+trary notwi~hstand~ng; and thereupon o? thereafte? af tha option of said MORTGAGEE, w~thout notice or demand, suit at law or in equity, tFxrefore w fhereafter begun, may be prosecuted as if sll m:.:roys secured hereby had maturcd pnw ro its instit~tion. 7. That in the event that at the beginning of or st any t~me pending aoy suit upon this Mortgsge, or to foreclose it, or to reform if, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply ta tF+e Court having jurlsd~c~ion thereof fo~ tlx appo~ntment of a Receiver, such Court shall Fatliwith appoint a receiver of said martgaged property all and singular, incl~d~ng all ar.d singular the income, profits, issues and revenues from whatever wu~ce derived, each and every of wh~ch, it being express!y understood, is hereby mortgaged as if tpeufically set for~h and desuibed in thp granting and hsbendum clsvus hereof, and such Receive? shall have all the broad and effective funct~ons a~d powers in anyw~se entrusted by a Court to a Receiver, and such appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the ~dequacy w inadequaq of the value of the propcrty mortgaged or to the wwency w insolvency of sa~d AaORiGAGO(b or the defenda~ts, and that such rents, profits, income, issues and revenues shall be appl~ed by such Receiver accord~nq to tlx lien or equity of ssid MORT('aAGEE and the practice of such Court. . • • . 8. To d~ly, promptly and fulty pe?(orm, discharge, execute, effed, complete, comply with •nd abida by each and every the stipulatior.s, ~greements, tonditions and covenants in sa~d promissay rwte and this mortgage set fwth. 9. Th~t in the event the ownership of the mortgsged p?emises, or any part thereof, becomes vested in s perwn other thsn t}k MORTGAGOR, the MORTGAGfE, ita successors and su~gns, may, wiehout notice to the MORTGAOR, deal with such successor or successor in interest with reference to this ~ mottgage and the debt hereby sccured in the same manner as with Mortgsgor without in any way vitiating or dixharging the Mortgagors' liability htre- under or vpon the debt hereby secured. No sale of the premises hereby mo~tgaged and no forbearante on the part of tt~e MORTGAGEE w its succeswn p suigns and no e:tens~on of the time for the payment of the aeb? hereby secured given by the MORTGAGEE or its successors or assigns, ahall operate ro release, discharge, modify change or affect the wginal liab~l~ty of the MORTGAGOR herein, either in whole or in part. 10. It is specufically agreed that time ia of the essence of this contract and that no waiver of any obligat~on hereunder w of the obligstion se- tured hereby sFull at any time thereafter be held ro be a waiver of the terms hereof a of the instrument secwed he+by. 11. In add~tia~ to the forego:ng monthly payments of prinCpDl and interest required by the promissory note secured hereby, mo~tgagor covenanfs and agrees to pay to mortgagee with each monrhly payment an add~rional sum est~mated by mortgagee to be equal to 1/14 of the annual cost of the follow- ing: A-All real property taxes levied or assessed aga~nst thc above described real estate. , B-Premiums on fire and windstorm insurance as herein requ~red to be carried o~ the +mprovemeata situate on tbe above described premises. C-Premiums on such mortgage guaranty insurar~ce as mortgagee shall from t~mc to time deem fit to carry on the ban secured hereby. ~ ARwtgsgee shall from time to time notify mortgagor in wr~ting of the amount due and payable hereunder and such wm shall thereupo~ be due and payable on the due date of the next monthly payment and each successive month thereafter ur.tit mortgagee shall notify mortgagor of a change in such amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance premiums. IN WITNESS WH EOF, the said MORTGAGOR has he~eunto set his hand and seal the day and ear first afwewid_ $iy Seal deli presence of: •n ~ cs~.n ~ e a-~ ~ (~4 ~aq STATE OF fLORIDA ~ St. Lucie COUNTY OF Before me personally appeared Robert Blahut Gretel Blahut his wiie, to me well known and known to me fo be the individwls dexribed in and who executed the fwegoing instrumeM, and acknowledged befwe me that they executed the same fw the pvrposes thercie e:p.essed. nnd rhe said Gretel Blahut wife ot the ssid Robert Blahut upon a xparate and privats ; saamin~tion by me taken separate and apart from her said husband, atknowledged to and before me that s!?e exetuted said instrument frcely and volun- larily and w~tFwut ar~y compulsion, constraint, appre qyw~l, or fear of or from her said husband. ; WITNESS my hand and official ual thi day of P~ rch a p ~y 68 i otary Public in and or the State of Florida et larye My Commusion e:pires: ~ 7'/ Retu~n To: ' First Fedenl Savings ~ Losn Association Fi~EO ~r~p RECOROED' - . Of Fort P~erce. • YD1Allr PYBUC, STATE Uf fL01UYA !Y: ~-.•~:.e• , S~. ~~~~~E ~pU,~TY. FL~• MY COMMISSION EXPIRES OCi. ` it, i9~i FOrt Pierce, Florida - - ~ ~1 y ' . • ~ . . ~ ' ~OMD[D TNROU6M FRED W. OfS~r[Ly¢R~T ~ - . n~~'~(y~ L•f .1~~~~~ - - ~ . . j lil.''i~CU~'.n1f 7F' t•'~ • ~ ' - r,;s ~ t,~~a. • 3 ~ Fe~~r~i ~sa~- L''4. '68 M~1R I I M l0 • - Fitst ~ ~ . . - ~ F pi c . . . . B ~ :.i~ r. : i t':•5 ~ CL~RM. CIRCUI7 COURT ~ - gfl~K170 PA~E2549 ~ _ ~ . ~ . , ~ ~ ~ +,~a, r - • ~ ~ . ' ~ ~,~a`.~ w. s . _ . . . - . . . .