Loading...
HomeMy WebLinkAbout2997 3. To piace and cont7nuoualy keep on the 6u~'d~ngs now or hereaiter s~tuare on said land and on aL' eq~ip~nero and personally cove~ed by this mor ege, w~~h all p~em~~ms thercon pa:d in fuil, fire insurance ~n the uwal standa+d po!ky form, in a wm rHp~ov~d 6y the MOR~GAGEE, a~~d wmJsto ins~rante in the uaual standard pol.ty form, in a sum approvzd by the MORTGAGEE, in such tompany or to~npao~es as the MOR~GAGEE m d~red; and all fi~e and w~ndstorm ~nwrance po!~c~<s o~ any of said bui:d~ngs, any in~erest therein or part thereof, in ihe a9grega~e sum aforese~d in exceis ~hereof, shall :ontain ~he usual sta~edud mortgagae clause w such o~her c!ause as ~he Mortgagee may req~.ro, maAir~g the ~oss ~nJrr aa~d po c~es, each and every, payable to sa~d A10RTGAGEE as ns ~n~e:rst may appear, and each aod every such poi~cy ihall be prompily ass gned a~~d de~ivered ~ any held by sa~d S10RlGAGfE as further security ro sa~d mor~gage deot, and, not leu ~han ten (10) days in ad.ance oi the expirat~on of each pot~cy, to d. Gver to sald MOltTGAGEE a renewal thereof, toge~her w~~h a rece~pl for thr premium oi such renewa:; and there shall be no f~re or ~nu~dstor~n inwranc plated on any of sa~d bvild~ngs, any interes~ therem o~ part rhereof, un!rss in the form a~~d w~fh ihe ~oss payab!e as aEoresa~d; and i~i ti,e event any sun of mo~ey becomes payable under such policy or pol~c~es sa~d MORTGAGEE shall have the opr,on to receive and ap~!y ti,e ia~ne on account of the indabted r.ess secured hereby or to permit s.~id ~AORTGAGORS to recrive and use it w any part fhe:eof for o:~~rr pu~;•osrs. v.~i~~:.~t thr~::r .v~~~~~~ or ~~~p.:~~ i ing any equity, lien or righl under or by virtue of this mortgage; and in the event sald MORTGAGORS shail fo~ any rejson fail to keep the said prem~ses so inwred, o~ fail to deGver pro~npily any of sa~d pol~c:es oi insurance to sa~d MORiGAGEE, w tv~l p:ompHy to pay fu~ty any premium ~herefor or in a~y respect fail to perfwm, d~scharge, execute, effecr, canp!ete, comply wi~h and abide by thlt covanant, or any part haieof, s+~d ~AORTGAGEE may piace a~o pay !o~ such insura~ce or any part thereof w~~hoW waiving or affecring any opiion, lien, equ~ty, or right under or by v~~tue of this hlortgage, and the f~ll amount of each and e~ery suth paymant shatl be immed~ately due and payable and shall bear interest from the date thercof until po~d at the rate oi r,~ne per tentum per annum and to~rthar v~ith wth int~~rest sha~~ be sewrrd by the lien of this mortgage. 1. To permil, commit or suf(er na waste, i~npairment w deterioration of said property o~ any part thereof. S. To pay all and singular the cos~s, charges and exper.ses, ~nclud~ng a reasonabie attorney's fee and costs of abstracts o( title, incur.ed or paid at any time by sa~d MORTGAG:E, because w in the event of the fa~lure on the part of ~he said MORTGAGOR to duiy, promptly and fully perform, d~scharge + ~xewte, effec?, complete, comply anth and ab:de by each and every the st~pulat~ons, agrerments, cond'nions, and covenants of sa~d p~omi~sory note a~~d th~s r.ortgage any or ei~her, and sa~d costs, charges and expenses, each and every, shall be immediately due and payabte; whether w not there be not~ce da mand, attempt to collect or su;t pend~ng; a~d the full amount of each and every such paymero ahall bea. iroerest from the dare thereof untit paid at ?he ~~re o+ nine per cenrum F.ar ann~rn; and all said costs, charges and ex;~~~nses incurred or pafd, together w~th such interest, shall be secured by the lien of this mortgage. 6. That (a) in the event of any breach of th~s Alortgage or defauit on tF~ part of the MORTGAGOR, or ;b) in the evem any of sa:d sums of money herein referred to be not promptly and fu.ly paid with~n th.rty ~30) days ne,et afre~ the same seve~a'ty become due and payable, withou~ demand or notice, ' r l~) in thr event each and every the stipu,ations, agreements, condi~ions and covenants ot sa.d promissory note and th~s mo~tgage any o~ either are no1 ~ly, promptly and futty performed, d:scharged, executed, efEected, completed, compfied w~th and a6ided 5y, then in e~ther or any such event the said ag- ~regate sum mentioned in said promissory nore rhen remaining unpaid, wirh inrerest accrued, and a~i moneys secured hereby, shall become due and pay a~,e forthwith, or thereafter, at the opt~on of sa~d hSpRTGAGEE, as fuliy and comp!e~ely as if all of the sa;d sums oF money were or~ginally st~pu:ated to be pa~d on such dty, anyihing in sa,d pro:n~ssory note or in this Mortgage to the conrrary nor„rnhstand~ng; and thereupon or thereafter at the op~~on of sa!d MORTGAGEE, w~thout notice or demand, suit at Iaw or in equity, therefore or thereaher begvn, may be prosecuted as if all moneys secwed hereby nod matured pnM to ds institut+on. , 7. That in the event that at the beginn:ng of or at any time pend~ng any suit upon this Mortgage, or to fereclose it, or to reform it, o~ to enforce ~ayment of any c!aims hereundzr, said MGRTGAGEE shall apply to the Cour? having ~ur~sd;a~on thereof fer the appo~ntment of a Receiver, such Co~rt shail ierthwith appoint a rece~ver o( said mortgaged pro~rty ail and singular, includ.ng a~l and si~yuiar the in~ome, proi~ts, is~ues and revenues irom whatever source drrived, each and every of wh:ch, it being expreasly understood, is F.ereby mortgaged as if specifically set fo~th and described in the granting and I,abe~zdum ciauses hereof, and such Receiver shali have all the broed ar.d effecrve funct.cns and powen in anywise emrusted by a Covrt to a Receiver, and s_th appointment shall be made by wch Court as an ad:nitted eqvity and a matter oi absoi~re right to sald MORTGAGEE, ana wi~hout re(erence to the adeq~acy w inadequacy of the value of the property mortgaged or to the so.vency or mson~ency of said MORiGAGOR or the defendams, and ~hat svch renrs, profits, incane, issues and revenues shall be appiied by such Receiver accordmg ~o the Gen or eq~ity of said MORTGAGEE and the practice of such } Court. 8. To duSy, prompt;y and full~r perform, discharge, execute, effect, comp{ete, comply with and abide by each and every the stipuiations, agreements, conditions and cove~ants in sa~d promissory note and this mortgage set forth. 9. That in the event the ownersh~p of the mortgaged premises. or any part Ihereof, becomes vested in a perwn other than the MORTGAGOR, the , :'.^RTGAGEE, its auccessors and as;~gns, may, wifho~t no~ice to the MORTGAOR, dea~ w~th such successor o~ svccessor in interest ~v~th reference to this ~.o-~gage and the debf hereby secured in the same manner as w~th :dort~agor w~~hout in any way vit~ating or d~scharg~r.g the ldortgagors' liabitity ,here- uoder or upon the debt hereby secured. No saie of the premises hereby rnortgaged ar.d no forbearante on the part of ~he IdORTGAGEE or its successors er ass~gns and no eatens~on of the time fw the payment of the debi h~reby sec~red given by the /~M1ORTGAGEE or its successors or ass~gns, a~iall operate ~o release, d~scharge, modify change or affect the orig;nal liab,lny of the N,ORTGAGOR he~e~~, either in whole or in part. 10. It is speufitaliy ag.eed that time is of the essence of this contract and that no waiver of any obl~gat~on hereunder or of the obligation se- S ~ cu•ed hereby sha11 at any time thareaher be held to be a wa~ver of the terms hereof or of the instrument secured herby. ' I 1. In a~d~tic? to the torego.i~9 mOnth'y payr,i~nt5 of print pa~ and interest requ;red by the p~om'sscry no!e sec~red he~eby, moctg3~or tovenanis ' ~~d agrees to pay to mo-tgagee v~ith each maith'y pay~ enr a~ ad~J~~ional s:,m est r,.ared bp mortgagee to be equai to 1 12 of t;~e annual cost of the follow- ' y ~ A-All real property taxzs lev~ed or assessed aga~•~st thc above described real esrate. i B-Vren,~u~ns on fire and windsrorm inwrarce as here~n requ;red to be carr~ed on the ~mprovements s~tuate on the above dascribed premises. E ~ I C-Prerniums on such mortgage guaranty i~surar,~e as mortgagee shal~ frorr t:me to ti~ne deem fit to carry on the loan secured hereby. j ~ Mortgagee sfiail frcm time to time no}:~~ mortyagcr ,n w~iting oi the a~^ouot due and payab~e hereundz~r and such sum shall thereupon be due and ~ : :.~~aole on the due date of the n~xt month:y pa~ment and each successive month thereafrr ~~:tit mortgagee shail not~fy mortgagor of a change in such i ount. Such sums sFail be app ird by mortgagee towa•d the payment of reai property taxes, insurance prem:ums, and mortgage guaranty insurance f c-emiums. fV YIITNESS WHEREOF, tha said MORTGAGOR has here~nto set his hand and seal the day and year first aforesaid. f i-. i ~ig , Seated and deli ed in the presence of: ' > . ~ ~ b~ /W~v~ (Seaq ~ ~ ness ; - ~ lSeal) ~ ~.4~b~ ~ (Seal) J 1 ~ - (Sea4 STATE OF FLORIDA ~ ~ ~ouNnr oF St . Luc ie ~ u~ Richard J. Pozniak Befwe me personally appeared and Barbara Pozniak his wife, to me well known and known to me to be ~ - ~ tne individuals described in and who executed the fwegoing. instrument, and acknowledged before me that th~y executed the same for the purposes therein expre:sed. And the said Barbara Pozniak ~ R ichard J Pozniak ` ~ r:~fe of the said • upon a separete and private e=am~nation by me taken separate and apart from her said husband, acknowledged to and before me that she execut' ;al~ instrument free{y and volun- ra~~ly and without any computsian, constraint, apprehens~on, or fear of or from her said husband. - _ V' WITNESS my hand and official seal :his day of ~ A. ~G 19 72 :z ' ~ ' - Notary Public in and for vl~.Sta of~Fyo(td~ at i~r~! My Commission expires: ' Retum To: ~ •.,~itY PUBLIC, $TI~T~~pf-FLORIDA at LAROE y ~~tt$S701i ~kPIRES SEPT. 25, 1975 _ First Federal Savings 3 loan Assaciation BW~dqt.~'~ti~uQ.`~nkCfS InSUfafK! 1;0. O~ Fort P•erce. - . , „~~t - Forr P~erce. F!or~da = Fu~o nuuo ~fcoRU~o ` _ st~uc+E c~nr fu?. 4tim. E. B ra un ROCE~ POtTRAS This Instrument Prepared By CLERK C:F.CJIt COURT \ - First Federa~ Savings 8 Loan Associatien RECQP.D'rE~•f1fD~~~- : of Fort Pierce ~ Flozida ' -=s k~ ~I ii i4 !I~'7Z Checked By ~aT_-_ - z2sss9 - BOOK2OV PAGf~~ - - _ - ~~L - - ~ .l_ _ _ _ _ _ _ _ ~ _ - _ ~.~a~~~