HomeMy WebLinkAbout1167 To place and cont~nuously keep on the bui~dings now w hereafrer utuaa o~ sa7d ~and and on al! equeprnrnl and personally ce~ered by th~s ma~g-
age, with ~II prom~ums thercon pa~d fn futl, lire iniurance in ~he uswl s~ardard pot~cy 1o~m, in a a~~m ap~ro.rd by iha MuR~G:.GEE, ar~d windstwm
:~ivrance in the us~al sianda~d pol.cy form, in a sum appro.ed by the MORTGAGEE, in such compsny or compa~~es as the MORIGAGEE may
duecl; ~nd aN fi~~ and w~ndstorm in~u~ance poiicies on any of sa~d bu~ld~nyt, any in~ere~t there~~ or Fart Ihrreol, in the agg~~ga~e sum •foresaid o~
in eacesf Ihereof, ahall contein ~he u~ual s~a~~da~d matgagee dausa or wch other clavse ts the Abrigayee may requ~re, ~naA~ng tn2 loas under ~a~d poti-
c~es, each •nd eve~y, payab~e to said J~10RTGAGEE as ds i~terest niay sppear, and each artd every •~th pat~cy shall be promptly ass gnrd a~:d deLvzred to
any held by said MORIGAGEE as iunhr~ secwity to said mo+tgage debt, a~:d, nor Irss ~han ten (101 dars in adrancr oi th~ expiraGon ol eech pof~cy, to de-
I~ver ro ~aid MORTGAGEE a ~ene:wal ~hereof, lopethar with a ~cceipl fw the prQmium o( wch ~enexal; a~~d thrre shalf be rro hrc or w+~~dsro~~n insvrance
pleced on any of sa~d build+ngs, any in~eresl therein or pa~t thereoF, unless in the form ar~d wnh the toss payab!e as aforesaid; and ~n the eveM any sum
of mpney txcomes payable u~dc~ such policy w polKies faid MORTGAGEE ahall have ~he opr;on ro rzce~ve ond ap~,ly th~ same on accow~? of the i~~det~icd
ntst sec~r~ hereby W 10 permit said MORTGACiORS fo rcGeive and utd if Or dn~ par~ ihe:eo! fw ot+icr Yu~;,osrs, ~o.~h;,•~t th ~n ,n.~~i o~ unpau-
~ng any equ~ty, lien or .igh~ unde? w by virtue of this mor!gage; u+d in ~fie event sa.d MORTGAGORS shall for any reason (~il lo keep ~hc sa~d prem~srt so
~~~surad, or (ail ro delive~ promptly any of said pol,cies of insurance 1o se:d MORlGAGEE, or (a~t promptly to pay fu~ty any pr,:,niu~n there~o~ or in anY
~eipett tai! fo pe.vlorm, d;schelgo, exec~te, etfect, cort~plete, comF~ly wi~h and abeda by ~h1s cove~~ant. o~ any pe~t ha~eof, sa~d A1uR1"AGEE mey p:ace •~d
pay for such insurance o~ ~oy part thereof without waiving or affecting any opr~on, Gen, equ~ty, or ngh~ undr~ o~ by virtue of this Moregage, ant~ the
f~il amounl o( each aod e~'e~y iuch payment shall be irtuned~etely due d(K~ Pdydbl@ and sh~ll bcer inte~est Irom tha date ~hercof uniil po~d at the iate of
n~ne pe~ crntum per ann~m and to~e~hrr vvith such inter~s~ shali b¢ srcured by 1he lien of this mortgage.
1. To permil, commit a suffer no wa~fe, impairment or deterioration of said property or any part tharewf.
5. To pay all and singular 1he costs, charges and expenses, ~ncluding a reasonable anwney's fee and cost: of abs~racts of tft!e, incurred or pa~J et
r~y time by aaid MORTGAGEE, becaus! w in the event of thr fa;eurt on the part of the said MORTGA~R to d~:y, pro:npdy and t~ily parlorm, d~scharge.
: rrc~te, e(fect, canplete, co~nply w~th and ab.de by each and every the at~pula~~ons. a9rrements, co~~d~rwns. and cove~~a~~rs oF s.~~d pro•n~ssory note a~~d it,~s
norrgaye any or ei~her, and se~d costs, charges and expenses, each and evr~y, shall bc imrn~•(yiafa•ly due and ~ayaW.r; whcthe~ or not rhe.e be nonce da
mand, atiempt to co11Kt or s~it pend:~g; and the f~ll anwunt oi each and every wch paymrn~ shall bear intcrest hom the date therrof until pa~d at the
o~ n~ne per cent~m ~r annurn; anC ail said coits, charges and .Ap,:~,ses ~ntwred or pa~d, toyeiher w~th such ~nterCSt, shail te secured by the iien af tha
mortgega.
6. That (e) in the eve~f of any breath of this Mortgage or defa~it on tF~ pa~t of the h".ORTGAGOR, or ;b) in ?he evrnt any of sa:d sums o~ mo~ey
hrrein referred to br not promptly and fully paid we~h~n ~h:.ty (30) daya next air.~~ thc s.~~~~e SP~'C~J ~Y ~fCJ ~~C due and pa~ab!e, witho~~ demand or nonce,
or (c) in the event each and every rlie sr~pulat~ons, ag~eemen?~, tonditions and covenanrs of s~d proo,~ssery n~re and ~h,s mortgage a~y or e~ther are no~
~~fy, prpmptly and t~lly pe~formed, d•scharged, executed, eifecred, comp~eted, con~pi~ed w~ih and aL~d,•d Sy, then m e.~he~ or an~ svch evero the sa~d ay~
~~egate sum mennoned in said prom~swry nore Ih~•n re~»am~ng u~~pa~d, w~~h i~rrre;t acuurd, e~~d r.t moRefs scwred hr~aby, shaf! ~cume due and psy
eb.e forthwith, or thereafter, at the opnon of said MOR1GAGfE, as tuliy and comptetely as i( a!I of th~ s.,~d sums oi money we~e a~ginaily shpuiated
~o be pa~d on such dcy, anyrh~ng in sa d promasory note or in th~s Mortgagr to the con~ro~y na~.v~~hsu~~d:.,y: and thereupen or thr~ea(ter at the op~~on of
sa.d MORTGAGEE, wirhout not~ce or demand, suit at law w in equity, fhe~efore or tt~ereafte~ beg~n, may be prosetuted as it ei: .:„„.rrc i~:..:e~ !:a~.by
nad matured pnor to ~q inst~:Wion.
7. That in the event rhat at rhe beg;nn~ng of or at any time pending any su~t upon this Mo*tgage, or to 4orectose it, or 1o reform i~, or to enforce
payment of any ci.~~ms he~eu~der, said h1pRTGAGEE shal! appty to the Cou.t hav:ng iunsd.cr~on rh~•.rot fo. ~he appo~ntn:ent o1 a Receiver, wch tourt shall
ie~thwith appoint a rE~ed.e~ of sa~d mortgagrc! prooerty all and singular, indud~ng o11 a~~d s,~,gu~ar ~he ir.cemr, pr~f~+s, ~ssues an~ reve~wea from whafever
s: u-ce derived, each and every of wh.ch, n be~ng express!y vnderuood, is hereby mer~gagrd as if ipeoLcatty set fo.rh and desu~bed in the granting and
h~hendum ~lavses herrof, and such Receiver shail have atl the broad and effective funct.o~,s and. powers ~n anyw~se entrusr•d by s Ceurt to a Rec~ivEr, and
s, ch appointment s~+~~i be made by such Court as an admitted equey and a ma~ter of abso~ute r;gM ro sa~d M~RIGAGEE, and wnho~t :e(erence to the
e~~~~quacy or inadrq~acy of the value af the property moregaged oi to thr so~vency o~ mso~yency of sa~d MORiGAGOR w!he defe~~donts, and tha~ such
-c n, profrts, income, ~ssves and reven„es sha? be appGed by s~ch Receivei accordu~g to ~Ae iien w eq~~ty ot sa~d MORSGAGEE a~:d tnr pract~ce of such
Co~rt.
8. To outy, promp!!y and fut+y pe.(orm, discharge, execute, effer., camplete, co:r,piy w;rh and ablde by each and every the stipular;ans, agrtements,
~:~~,d~rions and covenann m sa~d promissory note and this mortgage set forth.
9. That in ihe evcrtf the ownersh~p of the mortgaged prem~ses. oi a~y part thereof, Eecomes vested io a penon ofher than the ML`RTGAGpR, the
.'.'JRT(',AGEE, its succeasors and ass~9ns, may, wiifwut notice to the ASORTGAOR, deat w~rh such successor or successoi ~n in!eresr wnh .ele~ence to th~~
rrp•tgage and rhe deb~ hereby secured in 1Fro same manner as with ~Ito~tgagor wuhout in a~y way vit.ating w d~scha~g~ng the IAcrrgagors' liabi~ity her~
~~~der o~ upon the drb~ hereby sec~r~. No sale of ~he Frem~ses hereby mo.tgaged and no forbear~nce on the part oi the NIORiGAGEE or its successors
o- ass~gns and no ezre~~s+on oi the nme !w the paymeni of the deb+ he~cby sec~red given by the MORTGAGEE or its succe:sory or ass~gns, a~~all operate
~o reiease, d~scharge, m~dify change o~ affect the orig~nal Gau.;~ty of the MORTGAGOR here~n, e~ther in whole or in part.
10. It is sperfica~ly agreed that time is of the essence of this cont~act and that ~o waive~ oi any obl~gation hereunder or of the ob:igation se-
, cured hereby shah ar any rinK thereafter be held to be a waner of !he terms hereof os pf the instrument sewred herby.
) l. M add r:c : ro the forego ng n~onth!y ~:ayments of princ pa! and interest req~ired by the prom.ssary nore secu~ed h~~rebr, mo:lga~or covenants
~~~d agrees so gay to o-+gagee w~th each monthly pay~ ~ero a:+ add~:~onal sum rs+~n:ated by mortgagee to be equal to 1 12 of the an::;;a! cost of the foliow-
.3
A-AIt reat F.roar.r ta:as le+~ed or asscsse-d aga~•~s! tlte a6o~e cfesri~cd rt•31 esf.~te.
B-Pre^ ~u~rs on f~re ar.d wn~dsrorm insurar~e as here~n requ.red to be carr,ed en th~ ;m;..oveme~ts s~t~ate on the abave d_scribed pre~nises.
C-~ren,i~ms e~ s~:h mo~t~sge guaranty insurar.ce as mortgagee shall fro~r t me to ti,ne drem fit 1o carry on the loan sewred Fereby_
Mortgagee sh, !~.~.m f,:>,e to t~me not~fy mongagor m w.it.ng of tF~e amou•rt d.,~ and payabte hereundrr and such surn shafl rhereupon ~ due and
:.~,abte on thz d~e da•e of ~h~- ne¦t month,y pay~rent and each wccessive +~or.th th~:eaftar u~.i:1 mortgagee shal; not~fy morryayor of a change en such
_ ount_ Such sums sF.+ ~ be a{;~•.~ed by mortgagee toward the peyn.ent of real property taxes, inwra~ue prem.~ms, and mortgage yuaranty insurance
:~•emiums.
IN WITNE~~ Y+'HEP~O~ sr~e sa~d MORTGAGOR has hereu~to set his ha~d snd scal i~day d year first aforesaid.
Sgned, Sealed a~d delivered in the presence of: ~
- rt - n a4
` ~ (Seeq
L`, ~
L~
~ ~ ,r ~ / ~ ~ il C./ ~ /
~ ~StA~)
4
(Sld~)
S':.TE OF FIORIDA ~
~~UNTY OF St• L11C1@
Befwe me penonal_l~r appea~ed Joseph F. Cozso ~
Mie COrSO and
- ~ his wife, to me well known and known to me to bs
ri,e i~d~vid~als desu~bed in a~d who executed the foregoing instrument, and acknowtedged before me that they exec~ted the same /or the purposes
rherein expressed. And the said ~e COYSO
..~;;e ot rhe sard JesQI?h F GersO ~p~~'~~A,'~Priwt~ ~
e.am~nat~on by me taien separate and apart frcm her sa~d husband, atknowledged to and before me that she exec~ted said i~fy~~~ ~y ~W~.
rar~ly and w;thout any compulsion, const~aint, appref~ens~on. /pr fear of w from her said husband. ~,E.\~~~G ~t1!'~~~~~~_~„
WITNE55 my hand and ofiic~al seal th~i_ l day of_, A Y11 ~ ' ~'~Zl
- ,Jt. [3:. Y*'~~_
~ . , . ~ ~ 3
Notary Pvblic in end fw t11I Sb~~; ~
My Co ~ i}sion apires: r~ ~ w `
Return To: , r'r : v i
~ •c
F;.d Fede.+l sav~rg, a Loan assoua:,on fIlEO RN7 AECOR Q
E O '~vl~~ a `-x`e;•-; 4~ •
oF Fo,? P f,« s T. W C I E C O U N T Y f l A.
Fc,~1 P~>+ce. F{ondd IIOCER POITIIAs r
CIENK ClRCIlft COU11T ~ • •
AECORO YERIf~EO~
This Instrument Prepared By r}~p,vas p~ DrisC~ ~ ~O
First Federal Savings & Loan Association ;
of Fort Pietce ~ F10Iid,a ~
~
Checked By 2 0 6 9 9 4 ~
~
t~ ~ 1y1 1~.65 ;
so~K
, _ ' 8i
. . ~