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HomeMy WebLinkAbout0497 3. To ptic~ and cw+tinuousiy keep on the bvi:d~ngs now a hereafta+ ~ituats o~ said land and a+ all equ~pment ~nd pe~sonally covered by this mu ag~, with ali p~emi~m~ thereon paid in (uli, fire insunnce i~ ~he usual ~undard poticy torm, in a tum apwoved by the MORIGAGEE, and windsto insuranc~ in ti+~ usual sundard pol~cy (am, in a tum approvcd by ~FN A10RTGAGEE, in iuch company or companies at ~he h10RTGAGEE m direch ~nd all fi~~ and windstorm insursn:e po~~ue~ on sny of said build~nps, any inte~est Ihe~ein or part thereol, in the aggre9a}e sum aforesa~d in ~xceu thereof, iMl! contain tM uaual standard mortgagee clausa a such othe~ clause as tM Mortyage~ may ~equ~re, ma?ing the loss under sa~d po c~es, each and every, psyab~e ro iaid MORTGAGEE as its interest may appsar, and each and every such poticy shail be promptly ass gned and det~vered ~ •ny hsld by said MORTGAGEE as (urther security to said mortgsge debt, and, not less than ten (10) days in advance of the expirat~on of each pol~cy, to d~ Gve~ ~o ssid MORTGAGEE a rt~ewal thereof, ~ofle~Mr with a receipt for ~he p~amium of such renewal; and ~here ~hall be no fae or winds~orm insuranc placad pn a~y of said buildinps, •ny interest therein or part thereof, unless in Ihe form and with the loss payable as aforeiaid; and in the evenf any sun of mon~y becomes payable unde+ such policy a pol~cies said MORTGAGEE shall have ~F?e option to receive and apply the wnw o~ account of the indebted ness secured hereby w ro pe~mit ssid MORTGAGORS to rcceive and use it w any part ~hereof fo~ other purFwses, ~vE~houl ~h~r~ut warvi:~g e. ~+~~p~~r in~ any equ~ty, lien w right unJcr u by vi~tue of this mo::~aga; and in Ihe ~vent sa~d MORTGAGORS shall for any reawn fail to keep ?he sa~d prem~srs so insured, or fai) b deliver promptly ~ny of said policies of i~surance to said MORTGAGEE, or fail promptly to pay fulty any prem~.,m theretor p in a~y respect fait to perform, discharge, ezecute, e(fect, comptete, comply wi~h ar~d ab]de by this covenanr, or any part hareof, sa~d MORTGAGEE may piace a~~o pay fw tuch insurance w a~y part thereof w~thout waiving a affectin~ any option, lien, equ~ty, or right unda a by virtue of thia Mortgage, and tlx full amounl of ~ach and every such Fayment shall be immediately due and payable and shall bea~ i~teres~ from the date thereof untii pa~d at the ~ate ot n~ne per ceMum per annum and to~ether wilh iuch interest shali be srcured by the lien of this mortgage. To permit, commit ot svffer ra wasts, impairment or deterioration of said property q any part thereof. S. To pay all and sing~lu ths cwts, charges ~nd expenxs, including ~ reasonable +ttorney's fee and costs of abstracts of title, incurred w paid af any time by iaid MORTGAGfE, because w in the event of tM failure on tF+e part of the said MORTGAGOR to duly, p~omptly and fully perform, d~uharge, execute, effect, complete, comply w~th and ab:de by each and every the stipulat~ons, agreemenq, conditions, and covenants of sa~d p~omissory ~ote and ~hii mu~gage any w ei~her, and sa:d costs, charges and e~penses, each and every, ihall be immediately due and payabte; whetFKr a not ?here be nor~ce dr . mand, attempt to collett q tuit pending; and the full amount of each and eve?y suth payment shall bear interest f~om ~he date thereof until paid at the .ate of nine per centum per am~um; and all said costs, charges and expenses incurred q paid, together with s~th intensst, shall be ucured by the lien of th~~ mottyage. 6. Thst (a) in the evcnt of any breach o( this Mwt9age or defaulf on the part of the MORTGAGOR, w(b) in the event any of u9d s~ms of money herein ~eie~red to be not promptly and fvlty paid within ~hirty (30) days next aiter the same severatly become due and payable, without demand w notice, or (c) in the event each a~d every the stipulatioos, agraement~, condisions and covenants of sa~d promiswry note and Ih~s mortgage any a either are nol ~uly, promptly snd futly perfo?mad, d~xhsrged, executed, effected, compfeted, complied with and abided by, then in eitFKr o~ any such eveM the ss~d ag gregate sum meNioned i~ said promiuory nore then remaining unpaid, with interes~ aarued, and all moneys secured hereby, shall become d~e and pay- able fathwith, a thereafter, at the option of said MORTGAGEE, as fulty and completely as if all of the said sums of money were or~ginally st~putatcd to be paid on such day, anything in said promisswy note or in this Matgage to the cont.aiy notwithaunding; and Ihereupon or thereafter a~ the option of said MORTGAGEE, without norice or demand, suit at law ot in equity, therefwe w theresirer begun, may be prosec~ted as if ell moneys secured hereby had matured pnw to its institution. 7. That in the event that at the beginning of or ~t any time pending any suit ~pon this Mortg~ge, or to foretlose it, w to ~eform it, or to enfores oayment of any claims hereu~der, said MORTGAGEE shall spply to the Covn having jur~sd:ction thereaf for the ap~wintment of ~ Receiver, such Court shall Forthwith appoint a receiver of said mortgaged property all and singular, includ~ng all and singular the income, profits, issues and revenues from whatever source de~ived, each and every of whrch, it beirg expressly understood, is hereby mo~tgnged as if spec~fically set fath ~~ed described in the g~a~~ing and habendum clavses hereof, and such Receiver shall have all the lxoad and eflective funct.ons ar+d powers in anywise entrusted by a Court to a Receiver, and ~uch sppointment shall be made by such Court as an admitted equity and a mattcr of absolute right to said MORTGAGEE, and without reference to the adequaty or inadequaty of the value of thc property mortgaged or to the soivency or insolvency of sa~d MORTGAGOR or the detendants, and that such rems, profib, inca~x, issues and revenues shall be applied by such Receiver according to the lien w equiry of said MORTGAGEE and the practice of such CouA. 8. To duty, promptly and fuliy perform, discharge, execute, effed, complete, comply with and abide by each and every the stipulationa, agrcements, conditans and covcnanb in sa~d promissory note and this mortgage set forth. ! 9. Th~t in the event the ownership pf the mortgaged premises, or any part thereof, becomes vested in • person othtr than the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, without norice to the MORTGAOR, deal with such succcuor a succeasor i~ interest with reference to this mo.tgage and the debt hereby secured in the same manner as with Nbrtgagor without in any way vitiaiing w dixha~ging the Mortgagors' ~iability herr under w upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its succeuws or assi9ns and no extension of fhe time fw the paymem of the debi hereby sec~red given by the N10RTGAGEE or ~rs successors w au;gna, ,tiall operote ~ to release, diuharge, modify change or affect the original liabiliry of the MORTGAGOR herein, either in whole w in part. 10_ It is ipecifically agreed that time is of the esser+ce of this contratt and that no waiver oi any obli9ation hereundcr or of the obligation ie- cured hereby shall at any time thereafter be held to be a wairer ef the terms hereof or of the instrument secured herby. 11. In add~tio~ to the forego'ng monthly payments of princ'pal and interest requ~red by the prom~ssory note secured hereby, mortgagor covenams and agrees to pay to mo:tgagee with each monthly payrnent an add~~ional sum estimared by rrartgagee to br eqval to 1;' 12 of the annual cost of the foBow- ing: A-All real property taxes levied or assessed agaiost thc above desvibed real estate. B-Premiuma on fire and windstwm inwrance as herein requ~red to be carried on the improvements situate on the above described premises. C-Premiums on such mortgage guaranty insurarce as mortgsgee shail frem t~me to time deem fit to carry on the loan secured hereby. Mortgagee sha!I from time to time notify mortgagor in writ~ng of 1Fu amount due and paysble hercunder and such sum shall thereupon be due and F~yable on tF~e due date of the next month;y payment and each successive month thereafter urtil mortgagee shall notify mortgagor o4 a change in s~ch j amount. Such sums shall be applie~ by mutgagee toward the payment of ~eal property taxes, insu~ance prem;ums, and mortgage guaranty iosurance p~emiums. IN WITNESS WHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ~ ~ ' ~ed, Seakd and livered in the p~esence of: ~ { LS ~r~GLn~Y D (Sean ~ • Ri ard L. Dubiel ~~ai~ ~ (Seaq ~ _ ~ Susan J. biel 5 ~ TATE OF FtORIDA ~ Luc ie couNn oF St . ~ ~ defwe ma persooally appeared Richard L. Dubiel ~ Susan J. Dubiel , his wife, to me well known and known to me to b~ _ the individwls deuribed in a~d who exec~ted the fweyarg instrument, and ~cknowiedged before me that they executed ti~e si+rr for th~ purposes ~ ,h~,~;,, expressed_ ,4nd ,he ,,;d Susan J. Dubiel . ~ Richard L. Dubiel - ' ~ ~ rv~fe of the said ir~ p, sep~?ate sod ptiwte • e¦amination by me taken ieparate and apart from F?er said husband, ~cknowledged to and before me that she axecuted said~{nsfrumerit freely and volun- ~ rarily and w;thout any compulsion, consrraint, apprehension, or fesr of or from }~er iaid lwsband. . _ ' WITNESS my hand and official seal this 3rd day M8 ~l /1_ D. 19 72 - . ~ . . ' Not~ry Public in and for tlie •.Syte fbrida ~at Laryt = My Comm~ssion acpires: ) ' - ~ " ,ti Return To: ~ ~ , ~ , • • ' ~ Fint Feders) Savings 3 Loan Associat~on " i ~ NOTARY PUBUC,'~TE d~~tDA at UIItt:E Of Fo~t P~erce. MY COMMISSIQN = Fort Pierce, Florida ~d ~~R~ S~• 25. 19TS. ~ ~r~ Banke~s Inwrance ~q, ~ • ~ ~ st~OwciE c~o n~rr°rR~t~ This Instrument Prepared ByJohn W. Collins R~EN ?~~~~~~s~,~~ ~ First Federal Savings 8 Loan Association CLERR Ct: ~ ii~T {1• r; of Fort Pierce ~ Floz ida RfCOt~D YFA~. ~f0~.~.~+~ ~ ~ ~ 3 u PM'~I " Checked By 224920 BCOK 200 ~ 497 ' ~ ~y- ~ _ _ _ - _ ~'.1., i ' . - _ _ _ ~ Y ~ ~ T ~ ~„».1 9~...~? ~ ~ _ t 'tSx__ s.. . . . . . _ _.'_p"w _ c e _ Y "