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HomeMy WebLinkAbout0761 3. To place and con~inuously keep on the bui:d~ngs now or hereaiter ~ifuate on said la~vd and on all equip~nent a~~d persona~~y covered by this mortq• ege, wilh sll premiums thereon paid in full, (ire insurance in the usual standard po!ity form, in a sum approved by the MOR~GAGEE, and w~ndsrorm insurance in the usual ~tandard pot;cy iorm, in a sum approved by fhe MORTGAGEE, in tuth co~npany ar companias as the MORTGAGEE may dirett; and all fire and winds~orm i~surance policies on any of said build~~gs, any interest therein or part thereof, in Ihe aggrega~e sum aioresaid o~ i in sxcess thcreof, ihall to~tain the usual standard mortgagee dause or such a~her dause es the Mortgagee may reqwro, making Ihe ioss unJe~ sa~d poli- cief, each and avery, payab~e to said I~IORTGAGEE as its irleresl may appea~, anc~ each and every such {wlicy ahall be promptly ass.gned and de~~vered to any held by aaid MORiGAGEE as tur~her szcurity to said morlgage debt, and, not less than len (10) days in advance o1 the expirat~on of each poticy, to de- Irve~ to ~aid MORTGAGEE a renewal thereof, togethe? with s receipl iw thc premium ot such renewal; and ~here st.all be no f~re or wir.ds~o~m insurance p~aced o~ any ot said buildings, any intcresl therein a part thereof, un!ess in the form and vvith the loss payable as aforesaid; and in the e~en1 any sum o! money betomes payable under suth policy or policies said MORTGAGEf shalt have the opt:oo to receive and apply 1he u~ne on arco~nt af ~he i~~debt~d- ~eu sec~red hereby or to pcrmit aa~d MORTGAGORS ~o receive and use it or any par~ ~hereof ta o~i~~~r ~;urpos~s, :~~~ho.:t i1,r. uJ ~3 ~r ~„~p,.;~- ing aoy equity lien or ti hl under or b virtue oi im~ mo.t a e; and in ~i~a rvr~~~ ' '~r ____r •ti•• •+t.~ .....,,~:a.~s so 9 Y ' 9 9 w:.; ;.t:.~~.,......~,. s..,... insured, w tail to de~iver oromptly any of saed poGues o1 insurance to said MORTGAGEE, o~ fail promptly to pay fui:y any prem~~rn thcrefor o~ in any respect fail W per(orm, d~scharge, execute, e1(ett, comp~ete, comply with nnd abide by this covenant, or any par~ hereof, sa~d r~GRiGaG~E may p~ace a~,u pay (or such insurance w any part thereof Without waiving or affecting any option, lien, equ;fy, oi right under or by virtue of this Mortgage, artd the fu~t a~nount oi eatA and every suth payment ahall be immediately due and payable and ahall bea~ intcrest from the date thercof until p.:~d at ihe rate ot nu:e per ~~nt~m per annwn and together with such inte~est shall 6e sec~red by the lien o~ th~s matgage. 1. To permit, tommit or suf(e? ~o waste, impairment w deteriora+ion oi said property or any part fhereof. 5. To pay all and singular the coats, charges and expenses, inctuding a reasonable aftwney's fee and costs of abstracts of title, incuned or paid at any time by sa~d MORTGAGEE, because or in the event of the failure on the part of the said MORTGAGOR to duly, p~on~ptly and iu:Iy p~rtorm, d~scharge exec~te, effect, comFlete, compty w~th and ab:de by each and every the stipulatrons, agrcements, conditions, and covenanrs of sa~d pro:,,~;sory note and th~s .~~ortqage any or eifher, and sa:d costs, charges and expenses, each and every, shall be immed~ately due and payable; whether or not there be nonce d~ mand, attempt to collcct or euit pend~ng; and the fufl artwum oF each and every such paymeN ahall bear int~rest from the date thereof until pa~d a~ the r.,re o~ ni~ie per centu~n ~r an~wm; and all said costs, charge~ and expansea irx~rred or paid, together w~th such interest, shall be secured by the hen o1 th~s mortgage. ; 6. That (a) in the event of any breach of this Vlorlgage o~ defau~t on the pa~t of the h!ORTGAGOR, or (b) in the event any of sa:d sums of money 4 herein ~eferred to be not p~ompUy and ~ully paid within thirty (3G1 days next afrer the same severa'!y become due and payable, witlaut demand or nohce, , + or in the event eath and every the stipulaho~s, agreements, tonditions and tovenants of sa•d promissory note and th~s rrrortgage any or e~~hcr a~e oot 1~1y, prompt~y and lully performed, d~scharged, executed, e~fected, comp{eted, compi~ed with and ab~ded 5y, then in e~rher or any such event the sa~d ag gregate sum ment;oned in said p~omissory note then remaining ~npa~d, with imerest accrued, and a~l moneys secured hereby, Shall betume duC and pay- ab',e forthwith, or t?+o•er4~c• ae ~he ont~on of :aid MORTGAGEE, as fully arxl completety as i1 all of ~he sald avms of money vvere or:g:nally s~~pu~ared !o be paid on such day, anything in said prom~sswy note or ir. fhis A1o~tgage ro the contrary norwirhstanding; ancl tnere~pon o~ tnereaiie~ a~ ~ne op~i~n ui sa~d MORiGAGEE, w~thout not~ce or demand, suit at taw or in equity, 1he~efore ot thereatter begun, may be prosecuted as if all moneys setured hereby n~d mat~red pnor to ~ts ias~i~ution. 7. That in the event that at the txginnirg of or at any time pending any suit vpon this Mo~fgage, a to foreclose it, or to refo~m it, or to enforce payment ot any daims hereunder, said MORTGAGEE shall apply to the Court tiaving junsd~c~~oo ihereof for the appo~roment of a Receiver, such Court shail Forrhwith appoint a receiver of said mortgaged prooe~ty al! and singular, ~nclud~ng aIl and sing~iar ~he irtcome, prof~ts, issues and revenues from whatever . se~rce derived, each and every of wh;ch, it being expressly understood, is +-ereby mortgaged as ~f spec,f~calty set lorth and described in the granting and h3~ndum dauses hereof, and such Receiver shall have all the broad and effective fu~ct~ons and powers in anywise emrusted by a Cou~t to a Receiver, a~,d s, ch appointment sha~l be made by such Court as an ad:nit?ed equity and a mattei o! absolute right ro sald MORiGAGEE, and w~~hout refere~ce to the aciequacy or inadequacy of the value of the property mo~tgaged or to the so~vency or ;n;olverxy of said MORiGAGOR o. the defenJants, and ~hat such re•,~s, profits, income, iswes and reven~es ahalf be app~ied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the prau~ce of such CouR. B. TQ du~y, prompHy and (ully perform, discharge, execute, effetl, complete, comply with and abide by each and every the atipu~ations, agreements, conditans and covenants in sa~d prom~ssory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged prem~ses, or any part thereof, becomes vested in a person other than the MORTGAGQ4, the ti"OR7GAGFE, its successors and auig~s, may, without notice to the MORTGAOR, deal w~th such successor ar successor In ~nferes~ wlfh reference to this ~~.o•rgage and the debt hereby secur~ in the same mar.ner as with Mortgagor w~thout in any way vit:ati~g or d~scharg~ng the McrTg~yors" Iiab~Gty here- under or upon th~ debt hereby secured. No sale of the premeses hereby mortgaged and no forbearance on Ihe part of the MORiGAGEE or irs successors o. ass~g~s and no exrension of the t;me for the payment of the debt hereby securpd given by the MORTGAGE~ or its successon w ass~gns, a~~alt operate ro re!ease, d~scharge, modify char.ge or affect the o~iginal 1iab~i~ty of the MORTGAGOR herein, either in whole or in pa~t_ 10. It is spec~fical(y agreed that time is of the essence of th;s contracr and that no waever of any obGgation hereunder or oi the ob!igation se- cvred hereby sfiat~ at any Iime ~reahe~ be tield to be a waiver of the terms hereof w of the instrument secured herby_ - 11, in add.tioa to the forego'ng mo~thly payments of princ pal and imerest required by the promissory no!e sccu.rd hereb~, mortga~or covenants and agrces to pay to mortgagee with each monrh(y pay~nent an add~rional sum esh~nated b~ mortgagee to be equal !0 1, 12 of t:~e ann~al cost of the fo~lo+v- n7: ' A-AI~ real property taxes levied or ass-ssed agai•ist the abave desc.]bed real esrate. B--Fran,~u~rs on fire and windsrorm inwrance as herein requ~red to be carried on the imarovements situate on the above desvlbed premises. C-Premiums on svch mortgage guaranty insurar,ce as mort~agee ahafl from t~me to time deem fit to cany on the loan secured hereby. Mortqagee shai! frcm time to t;me notify mortgager in writ~ng ol the amou~t d~e and payable hereundrr and such su~n sh.;!I thereupon be due and c ayable on the due date of the next month;y payment and each successive month thereafter uctil mcrtgagee shall notify mortgagor of a change in such ° ounL S~cfi suins ShaJ appVied by mortgagee toward the psyment of rea! properry taxes, insurance prem.ums, and mortgage gua~anty insurance ~~emiums. IN Y~ITNE~S 'NHERi.Of, ihe sald MOR*GAGOR has hereunto se~ his hq ay and year first aforesaid.. Signed Sealed and del've~ed in the presence of: ~FILED AND ~E~~, ST. LUCIE COUNTY: FL~?:~ L=~t.~ R~CQR~ VERIFIEQ ~JOOJO -(Seal) - (Seaq - ~ZO SEP 24 PN i • ~ ~ (Seap S~ATE Qf FLORIDA ~ S5. C~UNTY Of ST ;LUCIE ~ gpG~;R POITRAS Before me personally appeared --Q~~~~~~~Id - end , _ R056 Chrupcala his wife, to me well known and known to me to be , rhe ind;vidusfs desuibed in and who exrcuted the foregoing instrument, and atknowledged before me that they executed the same for the purposes rherein expreased. And the said ROS@ Ch=upcala , rvlfe of the said - p Matthew C}1ZLL cala , upo~ a sepa.ate and private e.am~nat~on by me taken uparate and apart from her said husband, acknowiedged to and before me that she eaecuted said instru~nent freely and volun- raruy and w'ahout any compulsion, constraint, apprehens:on, w fear of or from her said husband. WITNESS my hand and offic~al seal th~s 3-~„~._ day of tember A. D. 19~_ E~-~ hzC~~ . ~~Notary Public in a~d ior the 51ate of Fiorida at larye My Comm~ssion expires: Return To: ,~~i~~~111/1H~ ~ NOTARY M1sUC, ~'fATE 01 FLQRIDIi AT tAR~E ~ First Fede~~l Savings S loan A:sociation Z ~ C'JMMISSION FJ(PIRES SEPT. 23. 1973 of Forf Perce ,••~•j;~~< IIONDED i11RY ff~iQ ~ DIESiELiIOR'~1' Fort Pirrce. Florida ' ~ : Q • -i , • ~ i-~ % f ; - : . This Instrument Prepared By Johr1 Co~2'gr1S ; i,: First Federal Savings 8 loan Association ti ' " of F~rt Pierce ~ Flozida ~r~t~~""~ Checked By ~ ~ ~ ~ , ' ` i g~ox 187 ~~E '76~. . ~ _ _ _ - _ `[b^^.: 1 E " "