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3. To p,ace and co~hnuousiy keep on ~he bu~:d~ngs no+v or hereairer i:twte on sa~d land and on a~~ eq~~pment ard per30ni~~y cO~ered by tF~~ mO~
ege, w:fh all prem,,,ms thrrcon pad ~n fu;i, f~re insura•ue m mr us.,jl sta~~derd po:~cy form, in a sum approved by fhr MuR~.aav[E, a~~d w~^dseo
~ns~rance in ~he vsual srandard po: cy form, i~ a s~m appro,rd by ifie MORIGAGEE, in such co~rpany or co~npan.es as the AtORTGAGEE
d~recr: and all fi~e and w;nds~orm iniv~ance po~~c~~s on a~y oi s~~d bu~'•d~ngs, any ~nferest ~~erein or part the.eof, in the agg~egeTe sum aio~esaid ~
in excess rhrreof, shall :umain rhe ~sv31 s~a~~d~rd morrgegre c;ause o~ su:h o~ner cii„se as the Mortga9ee may req~:re, mal~ng rhz ~eas ~ndrr sj~d po
c~es, each and every, payabie ro sa~d hIJRiGAGEE as ~rs interes~ may ~ppear, aod each and eve~y such po~;cy ~Fa(I be p~ompry ass g•~ed a~d de•~~r~<d
any he:d by se~d ~ti!ORIGE1GiE as fur~he; security to sa~d m.o~tgage dzor, and, not :ess rHan trn ll0) days in ad.ance of ~he e+~p~~at~on o+ e~ch po:icy. ~o d.
Lver tp sa~d A10RiGav'EE a renewal theieof, together wi!h a rece~pt for the przm~um of such re~ewal; and inere sha;i be no f:rr or w:~~dsrcnn inSu~dM
placed on any of sj,d b.:~!d~~:gs, any ~nterrst ihere.n or pait the~eof, unirss ~n fhe form and w~th ihe +oas parabie as a4oresa~d; ard ~n the e~c~t any s.,~
of money becumes payab:e ~ndcr such poticy or pol;ctes said MORiGAGEE sfi~11 have fhe opr~on ro~ece~~e and appiy the sa~ne on a;cov:~t of ~he i~~da:.rrd
~~esa secured hereby o~ ro perm~t aa~d MORTGAGORS to rece~ve and use it w a~y par~ rhr~eo4 ior ocnrr cc•;.~s_~s :.;r Th•.~.,. ..=~.•~7
~ng any ~qu~ty, Gen w nght unde~ or by virtue of thia morcgage; and in ihe event sa d M0~2TGAGORS sha!I `o~ any r>ason fa~l fo krrp rhe sa;d prem,s_s so
,ns~~red, or fail to de~~ver pro~nptly any of s~~d pol~c~es of ~nsurence to sa:d MORTGAGEE, or ta~: a:cmptly to pay 1u:ty any ;;re~n~~m !herr~er or in a~y
respect lail to pe~form, dacha~ge, execute, efFet/, tomptete, to~nply with and ab~de by this covenant, or tny part hareof, s~:d MGRi;;.~GEE may p,ata a a
pay for f~h insu.ance or any part thrreof w~~hout waiv~ng w affecting any opt~on, i~en, equ~ty, or nght under or by v~rt~e of fh:s hlartg~gr, and ihi
i,,:l amovm of eath and e.ery suth payment shall be immediate+y due and payablr and sha~l bra~ interast from ~he data thercof w~~~t p.,~d at tne rate ot
~,•~e pe~ cent~m per annu:n and fo~rthar derth svth inte~est shau be stcured by fhe lien of th~s mortgage.
To permit, commit or su(fer rto waste, impairment w detrriorat~on of sa~d property or any parf thereoi.
5. To pay alI and s~ngutar the costs, chargrs and eapenses, ~nciudi~g a reasonable attorney's fee and cosTS of abstracts of t~t'.e, incur.ed or pa~d at
i~y rirne by sa~d MORTGAG:E, beca~se or in the eve~t oi the fa wre on the part of rhe sa~d MORTGaGOR to du,y, promprly and fw~y pertorm, oncn,~.ge
e.ec~fr, eff~t, comple~e. compiy wuh ard ab:de by each and eve~y the Stip~lat.or.s, agree~nents, co~d:nons, and cove^anrs o~ sa~d prom~;sory nore a~,d rt~.s
ror:gage any or a+he., and sa.d cosrs, charges ar.d eapensrs, each and e~ery, shal! be ~mmrd~ate~y due ~nd payab:e; wherhrr or not thr;e be no~:ce da
m~ri,~, atrempt to coCect or suit prnd,ng; and ~he fut; a~nount of each and avery svch payment sh~L' Eea. ~nr_resr from ~he dar~ rhereot ~nril pa~d at rne
-.,r~ o~ n~ne per cant~m per an~w~*; ond aiI said costs, charges and ex~r~~ses ~rK~rred er pa~d, togtthar w~th such ~nter~s!, shall be setured by the 11en of th~~
mortgage.
6. That (a) in the event of any breach of th~s Mortgage or defau~t on fF,e part of the V10RiGAGOR, w;b) in the event any, of sa'd suma of muney
hrre~n reFerred to be not pro~npHy and fuily pa~d w~~h~n th.rry ;30; days nex: a~rer che same se.era:ly becc^~e due and payab:e, w~:ho~t dema~~d or nonce,
_r ;c) in the evem each and every the stip~:ar~ens, agreemenn, condr,~a~s and covenanrs of sa.d prorn~sscry note and th~s mortgage any w e~rher are not
i~ty, promptly and fully Ferformed, dacna.gad, execured. etfected. completed, compi~ed w~rh and ab~ded 5y, then ~n e~ther w any svch event the sa,d ag-
~~egare sum mentiontd in sa~d p~Omisswy nore thrn rema~ning unpa~d, w~rh ~nrerese ac:rued, and a.i mo~eys sec~red hereby, sha!1 becwne d~e and pai-
ao r forrhwfth, or thtreafrer, at the opnon of sa~d MORTGAGEE, as fu:~y and comp;efe~y as if a!1 of ~hr s.+,d sums of money were or.g~na:iy sf.pu.ared
be pa.d on wch day, anything in sa d pro ~~ssory note or ~n this Mortgage to the co~~tra~y rtor,vithstand~ng, and thereupon or thereafter a~ tl,e opt:on of
s~ d MORTGAGEE, w~rhout not~ce or demand, su~t at law or in eq~~ty, the.eforc w thereai:er begu~, may be prosecuted as if ail moneys secured hereb~
matuted pnw to rts instit~hon_
7. ihat in the event that at the beginn:ng of w at any t~me pending any s~~t u~n th~s Nbrtya~e, or b fOrqclcse it. or to reform it, or to enfcr~e
~ aYment of any ua~ms hereunder, said MORTGAGEE sha~t apply to the Co~*1 havir.y ~u-~sd.cr;on tF,ereot for the appo~nfrnent of a Rece~~er, such Co~rt sha~l
t~rrh,w;rh appoint a recciver of said mortgaged p~oprrty a;i and sing~lar, i~civd ng a;l ar.d s~nguear the incOme, Frofita, issues and revanues from wh3te+e~
s_ ;•,e de~~ved, each and every of wh.ch, ~f oe~ng expressty ~ndr~s~oed, ~s Fe:eby mor~~aged as if spgufe~aL'y set 4ath and d~tv+bed in the gran;.ng a~-d
>±be~dvm c!a~aes hereoi, and such Rece~.~er sha~i havr aIS fhe broad a~,d efiec•:~e funcs o~n end po..ers iri anywhe eMnnted by a Cou.t to a Rrcr~ver, a:•d
s:h appointment sha+t be mede by such Coun as an adn~rte~+ eqv~ty and a n~atrer~ of acso.ure r gM ro sa~d MORTGAGF~, and without refer:nce ro the t
adeq~aty or inadrquacy of the vafve of the p~ope~ty mortgagcd or to the sorrncy or ,nio:~eRty of sa~d MOR~GAGOR or~thTe def~ndants, end ~hat such
e•~rs, profits, incar.e, iasues and reven~es sha~Y be appl~cd by such Rece~ver accurd,~;g ~o the 6en or eqv~r~ of sa;d MORiGAGEE and the qraetice of s~ch
~ourt. '
8. To dv~y, promptly and ful!y pe~form, d~scharge, execu~e, effett, complete. cwnp~y w~th and abide by each a~d evtry the st~puiatiens, agree~nents,
conditionS and cove~ants ~n sa~d prom~ssory no~e and th~s morrgage ser forth. ;
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9. That in the event the ownersh~p of ~he mortgaged prem~ses, or any part tnereof, 6ecomes ves~ed in a person uther than the MORTGAGOR, the ~
~'~R7GAGEE, irs successo.s a~d asvgns, may, wiThoui nor~ce to the t10RTGAp~, deai wrth su:h s~ccessor or successw ~n mrerest w~fh reEere~ue to rhh
~ o•rgage and the deb~ hereby secured in the same manr.er as wrth Mortgager w~thout in any way vinating or d~scha~gi:y the 1M1o~rgagors' liao~~~ty here-
;~~drr or upon the debr hereby secvred. No sa:e of the pre•r:~ses hrreby mortgaged and no fo.beara~ce on the par~ of ~he MpRTGAG:E or its s~ccessora
c- asvgns and no exrension of the e~mr for rhe payment ot the dabr hereby secUred g~ven by the MORTGAGEE o. ~ts wccessors or ass.gns, ,,~a!1 ope~ate
ro re!ease, d~scharge, modify change or afftct the or~gmai Gab.;,ty of the AtORfGAGOR here~n, either in whole or in part.
10. It is spec~ficatly agr~ed rhat t~me is of the esse^ce of th~s cororad and that no waiver of any obl:gaf,on hereunder w of the ob'igstan s~ ~
! _.,•ed hereby shalt at any time rhereafi~r be he:d to be a wa„~er of the terms hereof or of the instrumem secured he~by.
i
11. In a:id t.o~ fo tne foregc ng ~.:onth y pa~menra o4 princ pai and i~,rer~s! req.::red oy the prom sscry nme sec~+ed hrr;b~, morr~ay-or covenants -
~ r d agrees to ~ey ro n;~rt~ayee ~n~th ea:h ;ronrh"y pa~~ e:.+ an add.~icnal wm rsr.•~~a~ed 'oy mat~agee to be equai ro 1 12 of t;e m~.:~~al ~ost oi the fouow-
3 , i
~ A--A!t rzal p:operty faxes lev~z~ or assessed aga~~;st rn~ abo~r desr~bcd reat esrare. ~
i
` B- Pr~~~~~ums on f~r~ and windsror•~t ~nwrarct as her~~n !CqJ.•'<d ro oe ca-r~ed en the .~~rrovemrits s:tvate an rhe a5ove d=sc-:bed prern~ses. r
~ C-Prern~uma on such mortg~oe guaranty irsu•a~.ce as mor.qagee shall frcr^ t:re ro~~me drem fit to carry on tfie loan sewrrd hereby_ ~
' b'.ortgagre shj'1 frcm nme to t~~ne ne+if; mcrtgager ~n writ~ng of tne a^•o.:~it due and payable hereundrr and such s~J ~ sfiait there~pon be dve and ~
? : j,3b:e on rhe due ca!e o4 ~h~ ne,r month:y payme~~r a:,d each waess~ve monsh tne:eafr_r ~r.i~i mcrtgagee sha!I nor:fy mo:rgagor of a change in such 1
~ ~onr. S~ch wms sFali be app:~ed by mor;gagee toward fhe payment of reai properry taxes, insura~icr prer.ums, and mOlt~a~B guaranty ins~rar,ce i
,~~e~.,i~ms. -
F
~ IN \VITNESS LYHER.Of, the sa~d MORTGAGOR has hereunro ur his hand and seal the day and year first aforesaid. ~
Siyned, Sealed and detivered in the presence of: ~ i
~c ~ (Seall
~ ~71~II__
638 !o ~r L~ JL@~7 .S~OI'C -a I~ -
(Seat)
} " ` ~ :Sea~)
~ 0 ikorcin 4
~ '~'itneas: ~ L~dc-;-._.E, -rc i ;
(Seal) ~
~ S;.aTE OFx~ IIlinois
~ ~ S5.
: JUNTY OF I
~ Steve Sikorcin
Befwe me personally appeared _ and
~r. ---~ga `~~COI'C~II h~s w~fe, ro me well known and known to me to be
' ~h2 ind~viduals described in and who execured :M forego~ng ~nsrr~ment, and acknow(edged before me that ehey eaecuted the same fw the purpoxs
Ol a SikOrc in
_ rh~•rein e:pressed. And the said__ _
fe of the uid Sti@V@ OI"C
- upon a separate and priva?e
~•=aminanon by me taicen separate and apart from her said husba~d, acknowiedged to and before me that she execused said Ensrrument freely and volun-
~a~~~y and wnhout any compulaion, constraint, apprehens!on, w fea~ of or from her said husband.
=~1 WITNESS my k~d.~nd pffic~al seal th~s_ _-a~}a~.___ day of__ January A. D. 14 72
_ ' ? • R ~7~ - c~L`vs;f
_ . ~ Notary Publk m a~d (cr the State o~ r~ at large
~R~an ~ _ My Comm~uiOn expires: IZ~.f1013
- ~ : - ~-.~~~..~G~ ~ ,g~y
Fint fZc{piP $av • I.~n 14~WCiaTon /
- : Of ~t ~~eT~. % ~
; '~r1 P.,.ve! ~fldKAa 223481 •
" ~ ~ F~~EO aa ^ u~ c~aoED
ST lU~^~ ~J;~hT`! FIA.
R^, '3~5
- This,lnstrument Prepareci 8y .1. H. Roberts, Jr. G'__~' COURT
First Federal Savings 8~ loan Association ~~r~-
of Fort Pierce~ F102'ida fE8 8 1 43 PH ~~Z
Checked BY - /,,,J~-~1t
~ ~
~
=j ~ i9,9 ~ 1444
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