HomeMy WebLinkAbout0007 To plac~ ae?d con~trwousb ke~p on tM buitdlnps now a MhahK ~itw» oe s+k) ~and ar?d on all puipment snd ps~sa~dtY. cownd bY this mo~t~
p~, with ali prsmiuna tha~wn p+id in futl, fire inswu?c~ in th~ vswl srudud policy form, in a avm +pprowd by tFw MORTGAGEE, and windatwm
kuw~e in t!w uswl iunda~d pol~cy fo?m~ in a w~n ~pprov~d by ~M MORTGAGEE. In wch compsnY a comW~~a af tM MORTGAOEE may
dinctt and ~II fin and wi~dstam i~aurs~+a polkas on a+y of ssid buildw~„ any int~nst tha~io a p~rt tMr~o(, in tM apqrepst~ wm afonasid or
in exqb therwf, aMll coroatn ths uswl ~ta~da~d maf~a~ cl~u~ a wch otl~ clavs~ as tM MatyapN may nqu'a~. makinp tM loss u~ aaid poib
ci~s, sach a~d ~wry. WY+bN ro taid MORTGAGEE as its Int~rest ~wy appear. ~~d each and ~wry wch policy aMll be p~omPtly ais:9n~d ~nd delivKed to
any MM by said MORiGAGEE u furtMr seturit~r ro s~id mwtq+Q~ debb u?d. ~wt I~s tha~ t~n (10) days In +tlvanu of tM ~xpir~fwm of each policy, M dr
Iiwr to s~id MORTvAGEE a rsn~wal IMrwt, ropttMr with + receipt for tM pnmivm of wch ra~ew+l~ a~d thK~ thsll be oo fi~~ or w~~ds~am inwrant~
pl~pd on any of said buil~np~, ~ny interat thK~in ar put tF~eof, vnku tn tM Mrm N+d with tM loss p+yabie ss ~foresaidt and tn th~ ~wnt +eY wm
of mp~y becp„ws p~yabi~ vr~der wch polky a polici~s said MORTGAGEE shall h~w tM optwn to ~~ceive and +pply tM same on +ccov^1 of tM indebted~
n~ss sasund F~~by a b permit ssid 1MORTGAGORS to teoeiw a~d u~ it or any part tFKreof tor other purposes. wifhout thereb~ waivi~~g o~ 4npaio-
inp ~ny pui~y, Ikn a ri9M w+der or by virtw of this mortqayet Md in tM ~vee?t ssid MORTGAGORS shall fa any reason fail to keep ~h~ uid premises w
inwred, w faii W de~ivK promptly sny of said policies of inswant~ to as~d MORTGAGEE, w fail promptly to pay fully ~~y premium therefw or in ~nr
respect fail ro p~rform, discharyt. ~xecu~~, eff~ct. camplete. compiy vvith +nd +bid~ bY this cove^ant. or any part ha~eof, said MORTGAGEE m+y plaoe ~nd
paY fur tuch inwrance or ae?y put th~reof without wahrirg w affactinp any option, Ik~, apuity. or right w+da a by virtw of this Matppe. ~nd tM"
tull amount of ~ach and wKy aucA p+ymant sMll b~ imnedl~tdy dw ~nd piyable and shsll bear intaes~ from tl» dat~ thereof w?til piid ~t tM raN ol
nine per ce~tum pK annum a~d tapethcr with such intsrest shall be searrod by tM IiM of thls mortQaps.
1. To parmit, aommtt or wffa oo wa~te. imp~irment o? de~erior•tion of s~id proper.y o? any put the.wf.
S. To p~y all snd sinyular the cosri, d~es and ~xp~nsa. Md~di^o + ~e+~»bk ~tto?neY~s fee ~nd aosn of abshacta of title, irKwred or pakl at
any Y~me by said MORTGAGEE, b~ceuss or in the ~wnt of ths failws a+ the put of tM s+id MORTGAGOR w duly, prom~NY +nd fu~h Pe*form, d'uchsr~;
execute, effect, oompkte, oomply wi~h snd ab~d~ by e~ch u?d every the itip~?lat~ona, agreemenri, conditions, and eovsnann of said promiuay not~ ~+d t1w
mortyape any o? eithar. a~d said cosb. chu~es and ~xpen~s, esch and every, shall be inrnediatsly due and payabls; whethsr or not there be ~ofic~ da
ms~d, anempt to collecl w suit pa~ding; snd the full amo~nt of esch and every such FaymeM shall bear interes~ from tl+s dats tM?eof u~til paid N the
rate of nine per centum per annum; and all said costs, d+a?pes and experues inwrrsd or piid, togethe? with such inte~est, sMtl b~ s~tured by th~ IiN? of this
morty+ae. .
6. ?hst in the event of sny br~ach of this Mwtysp~ or defsult on the pa?t of ths MORTGAGOR, or (b) in the event any of said sweu of monhr
herein referred to be ~ot promptly snd fully paid within thirfy (30) days next after the same severally becane due ~nd payable, without demand o+ notits,
o? t~ the event each and evNy the stipvlatans. a9reem~n», oonditiax and covenants of sa~d promiuwy note and th~s mortyage u?y or atMt are nol
iuly, promptly and futly perfwmid. disd+arged. executed. ~ffected, completed. complied with and abided by, then in either a any wch tvent t!N taid a~
gregate sum mentiaxd in uid promiuory note then remaining unpaid. with interest acuued, and all moneys secured hereby. shall become dw and pay~
able forthwith, or thereafter, at the option oi said MORTGAGEE, u fvlly snd complately as if all of the said surt?s of money were oripin~Ily stipul~ted
ro be paid on :vch day, aoything in sa~d promissory noro w in this Matgage to the contrary notwithstanding; aud thereupon w tF+ereafter ~t tM opt'wn of
uid MORTGAGEE, without notice or demand, suit at law or i~ equity, therefore or thereafter begun, msy be prosecuted u if all moneys sea+red hereby
had m~tured priw to in institutan.
Thst ir~ the event that st the beginning of or at a~y tims pending any suit upon tha Mort9age, w to forecloss h, w to roform it, a to enfora
payment of ae~y cla~ms he~eunde~, said MORTGAGEE sh+ll ~pply to the Court having jurisdidion thereof for the appointment of a Receive?, s~xh Court shall
Fo~thwith sppoint a receiver of said mortgsged pro~fy all and singular, includmg all and singular the incort~e. profits, iuuet a.~d tevenues fran whatever
source dsrived, ead~ and every of whKh, it beinp expressly u~derstood, is hereby mwtgaged ss if spectiicatly set fo~th and dewibed in the ~raroiny and
habendixn clauses hereof, and such Receiver slwll have sll the broad and effective functions and porren in anywise entrusted by a Court to s Receive~. ~nd -
such appointment shsll be msde by wch Cowt as an admined eq~ity a~d a mstter of absolWe riyht ro said MORTGAGEE, and witlaut reference to ti~
edequacy or insdequscy oi the wlue of the property mortgaged or to the sohency or insolvency of ~aid MORTGAGOR o~ the defendants, and that such
renn, profia, income, issues a~d revenues shsll be spplied by such Raceiver aaording to the (ien or equity of said MORTGAGEE ar?d the practioe of such
CouA.
8. To duly, prompHy and fully perform, discharge, execute, effect, complete, comply with and sbide by each and ewry ths stipulations, agresmenri,
conditans and covenants in said promissory nota and this mortgage set forth.
9. That in the event the ownenhip of the mortgaged premises, w ~ny part thereof, betanes vested in s person othsr than the MORTGAGOR, ths
MORTGAGEE, 1n succeuors snd sui9ns, msy, without notice ro the MOR?GAOR, deal with sud~ successw w succeasor in interest with rofcrence to this
mo~t9a9e and the debt hereby securad i~ the same mamer as with Nbrtgaga without in any way vitiaYug a disclwrginQ ths Mwtgagors' fi~bility here-
~nder a upon the debt hereby secured. No ssb of the premises hereby mortgaged a~d no fabearance o~ the paA of the MORTGAGEE a iri succeswn
or auigm snd no exrension of the time for the payment of the debt hereby iecvred given by ths MORTGAGEf or iri avccsssors w auig~s, shall operats
ro release, dixharge, modify chsr+pe a affetl the original liability of the MORTGAGOR he~ea?, either in whole or in put.
10. It is specifically sgreed tMY Y~me is of the essence of this contract and that no wiiver of any obltgation here~mder or of the oblipstion se-
wred hereby shall at eny time thereaha be held to be a waiver of the terms hereof w of the tnstrwnem secwed he?by.
11. In addition to the forego:ng monthly payments of princ:psl a~d interest required by the promissory note secured hereby, mwfgagor tovenants
and sgrees to pay to moAgagee with each monthly payment an additional sum estimated by mwtgsgee to be equsl to 1/12 of the annual cost of the follow-
ing: -
A-All real property hxes kvied or sssessed against the above described real estate.
B-Premiums o+? fire and winclstorm insurante as herein requ~red fo be carried on the improvemenri situste on the above destribed premises.
C-Premiums on such mortgage guaranty insurante as mortgagee shall from time to time deem fit to carry on the loan secured hereby.
Mortgagee shall from time to time notify mortgagor in writi~ of the amount due and payable heaeunder and tucb wm :hall therevpon be due ar+d
payable on the dve date of the next monthly payment and each sutceuive month thereafter until mortgagee sfiall notify mortgago? of s thange in such
amount. Such sums sF:all be applied by mortgagee toward the paymeM of real properhj faxes, insurance prem:ums, and mortga~e gvaranty , insurance
premivm~. '
IN WITNE55 WHEREOF, t MORTGAGOR has hereunto set his hsnd and seal ihe day and year first aforesaid.
Sealed and deli ed ' the p~esence of:
A~.c c~--n
n-.n
- . ~
, n
STATE OF FLORIOA 1
COUN7Y OF St • L11C ~@ ` SS.
d~fwe me pNSOnslly ~ppeued GIBiCB C. CIO9~ri : a~
Thoaas M. Czoghan~ her husband ~,;,.~.;k.r~ „~,e W~u k~, ~~a ~~o ~+o b.
the individwb described in and who susated tM fors9oinp irntrurnent, and acknoY.bdp~d before me that they execvted the same for the purposes .
rhe.ein ~xpressed. Md the said GraCe C. ClcOr ~n
wife of the wid ? S M CYAflhal~f upon • Np~r~t~ and priv~t~
examination by me taken ieparate u~d apsA from F~ said husband, aduwwledg~d b+nd b~fwt me 1Mt she exotuted wid instrument kKly ~nd vdun-
rariy and without u~y compulsion, oor?str~int, ~ppreMnsion, o~ fs~? of or from her said twaband.
w~rNess mr Mr~d xd offki,~ ~hi. 1~l ~.3 d,Y , a. ~9~_
. C~ .
~
~ RECOaOED ~sry Public in ~nd for fM St~t~t
o~ '~j~ ~
FILEO ANO My c~~~+ .~a: _ f.~
Refur~ Ta ~j7. LUC~E COU~Y• F~.A. _!~j:
F,.., F.~...~ s~, E~~ CORD uF R4~ O ,~TAY MwR iTATE ~f i a~
Of Fort Pierte. ~1~53 M1? CAA~AA~$$~QNI E~IPIRES~0,~~ a Z~J1 Q~ : C a=
~ wwecn ~MRa~ ~wco ~r. o~1[i~t~io ~~i~
fort Pierce. Ftoricia _
j 17 p~ ~ I• 54 • Q:`~;- -
'68 OC • - •
: ~ .
This Instrument Prepared By F01'jRAS
First Federal Savings ~ loan Associati~OGEP
~ o Fart Pierce Ct,ERK CI~tCU~T COURT.
~h~~ ~ w ~ .
~ ~o~~ 174 P~E 7 ~
~ ' . . - ~ _z., cf
~ "
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a