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HomeMy WebLinkAbout0002 To pl~c~ •r?d conri~wou•~~ ~sep a+ ~he bu;'d~np• now a h~re~h~r ?~twN on sa~d land and on a;{ cq~ipmem ~nd pe~son~lly cov~.~d by thi~ ma p~, w~~h ~11 prtmiumf thtrlOe pa~d in 1ull, (ir! i~fu~~~+t• ~n ~M wwl s~aide~d po:Ky lMm. in ~ fum ap{HOVtd !~Y Ihe MORIGAGEE. ~~d w~~dfW inwra+c~ in ~M uswl uanda?d po~.cy 1am, in • sum ~pp.ov~d Ly ~M MORiGAGEE, in s~ch canpany o+ comp+n~~s u ~h~ MORfGAGEE ~n direct; ~nd all (ir~ ~nd wind?torm inwr~e+c~ Fo~iuei on ~~y of u~d bu~id~np~. any imer~~t ~herein a part thereof, ie? ~!w aq~~e9ar~ wm afaesaid in ~7[Mff there0~, shall conuin ~M usual ~tandard ma~9s~ee u+us~ a wch o~he~ ciauu ai tM Mortpage~ m~y rcqu.n, maAiep the ~oi~ uoder wd po , c~~s, e~cA ~nd wNy, payabl~ 1o said lNORTGAGEE as irs in~erest may ~ppea~, a~d each ~nd every such po~~cy shal! be prompHy au ~ned N+d d~IivNed ~ ~ny held by said MORTGAGEE ~s (ur~hN lecurity to faid mat9aye dtbt. and. no~ lea~ thao ten 1101 dsyi in ad~ance of ~he eapira+~o~ ot each po1Ky. ~o d. IivN to wid MORTGAGEE • renewal Ih~r~of, IopetFwr with • rece~pt fa the pre.nium of tuch renewal; a~d there shall ba no f~re or windstorm inwr+nt ~ placed on ~ny of s~id buildinpi, ~ny intereit thae~n w pa~t thereoi, unleis in the form and wi~h th~ toss payable as ~taesaid; and in ~he •vent ~ny su~ ~ of money becpnss payable ~nder such polky w policies said MORTGAGEE shall Mve the opnon to ~ece~ve and ~pply the ume on acco~nl of Ihs indebted - ness setwed M~sby o~ ?o pe~mit s~id MORTGAGORS lo receive and use it w arty part thereof fw o:hcr purposrs, w~~ho~t ~h=r. u~ wa~vinq o~ ~mpair ;ng any p~ity, li~n a ri~hl unde~ or by virtw of this mo::yaye; +rd in ~Iw ~vero w~d MORTGAGORS shall fa any reason tail to keep the said premiut w , insu~ed, w fait b deliva promptly a~y of uid pol~cies ol insurante to w~d MORTGAGEE, w fail promptly to pay fuily any pre+nium tfiereior a in a~y - respect fail to pafwm, d~uharge, exetuts, ~ffecl, complete, comply with and ac~ds by this cove~am, a any parf hrreof, said MORTGAGEE may pl~ce al+d - pay fw suth inw~ante u u?y pu1 thereof withoui waiving a ~ffecting any option, lien, equ~ty, a right undet a by virtue of this Mort9a~e, and tht full ~rnount of tath u~d evsry suth payment shall be immtdiately due and payable snd ihall bear interesl irom ths date thereof until paid at tF+e rate of ~ nine pe~ centum per annum and together with such intc~est shall be srcured by the lien of lhis mort9age. ,.r.c 1. To permit, commit ot suifer no wute, imp~irment or deteraration of said property or any part thereof. s~ S. To pay ~II and tirgulu the cosb, charges and expe~sea, including a reasonable atto?ney's fee and costs oE abat?acts of title, incu?red or psid at any time by said MORiGAGfE, betause a in the event of the failure on 1he part of the said MORTGAGOR to duly, piomptly and fully perfam, d~uha~ge. execute, e(fect, complete, comply with and ab~de by each and every the stipvlat~ons, agreements, condi~ions, and covenants of said promissory note and. ~his ' matgags any or eithe?, ~nd sa~d cwts, charges and expenses, each and every, shall be immediately due and payable; whe~her a r+ot there be no~ice de~ mand, sttempt to collect a suit pending; and the full amount of each and e~ery such payment shall bear interest irom the date thereof until paid at the ra~e oi nine per centum pn annum; and all uid costs, charges and expenses incvrred o~ paid, ?ogether w~th svch interest, shall be secured by the lien of tha mortyage. 6. Thaf (s) i~ the event of any b?each of this 1Nortgage or defaul~ on the pa?t of the MORTGAGOR, or (b) in the event any of wid swns of money herein referred to be not promptly and fully paid within th~rty (30) days next after the same severally become due and payable, without demand or notice, or (c) in the event each and every the s~ipulations, agreements, cond~r~ons and covenants ot sa+d promiswry note and th~s mortgage any w either are not ~uly, prompNy and fully pe~fwmed, d~uharged, ezecuted, effected, completed, complied with and abided by, then in ei~her or any such event Ihe said ag gregat8 wm rn~ntioned in said promiuory note theo remaining unpaid, with interest accrued, and all moneys setured hereby, shall become due and pay- able fwthwith, w thereafter, at the option of said MORTGAGEE, as fully and completely as if all of the said sums of money were o?iginally st~pulated to be paid on such day, anything in said promissory note or in this Mortgage to Ihe contrary notwithstanding; and thereupon or thereaftea at the option of said MORTGAGEE, without notice or demand, s~it at law or in equity, therefore w thereafter begun, may be prosecuted as if ~II moneys secured hqrtby had matwed ptiw to iri institution. 7. That in the event that at the beginnirg of ot at any time pznding any suit upon this Mortgage, or to foretlose it, or to refotm it, w to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the ~our1 having jurisd~ction thereof for the appo~ntment of a Receiver, such Court shsll Forthwith appoint a receiver of said mwtgaged property all and singutar, includ~ng all arr.1 singular the income, p?ofits, issues and revenves from whatever source derived, each and every of wh~ch, it being expressly unders~ood, is hereby mor~gaged as if speufically set fwth and dewibed in the granting and habendum'tlauses hereof, and such Receiver shall have all the broad and eifective funct~ons and powers in anywise entrusted by a Court to a Receiver, and such appointment shalF be made by such Court as an admitted equity a~d a rt+atter. of absolute right to said MORTGAGEE, and without refere~ce to the edequacy w insdequacy of the valve of the property mor~gaged or to the sotvency or insolvency o1 said MORiGAGOR or the defendants, and that such renrs, profits, income, iuues and revenues shall be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practice of such Court. . 8. To duly, promptly and fully p~rform, discharge, execute, effect, complete, comply with and abide by each and every ihe stipulations, agreements, conditions and covenants in u~d promisswy nose and this mwtgage set fwth. 9. Thaf in ihe event the ownership of the mortgaged premises, w any parf thereof, becomes vested in a person other than the MORTGAGOR, 1he MORTGAGEE, its successors and assgns, may, without notice to the MORiGAOR, deat with such successor or successor in interest with reference to this mo.tgsge and the debl hereby secured in the ssme manner as w~th Mortgagor without in a~y way vit;ating w diuharging the Mortgagors' liability here- under or upon the debt hereby secured. No sale of t1x cremises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its successon or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or auigns, stiall operate to release, dixharge, modify change or affect the original liab~lity of the MORiGAGOR herei~, either in whole or in part. 10_ It is specifically agreed that time is of the essence of this contract and that no waiver of any obligatwn hereunder or of the obligation sr cured hereby shall at any time thereafter be held to be a waiver of the terms F~ereof or of the instrument setured herby. • 11_ In addition to *he fwego:~g mo~thly payn,wnts of princ'pal and interest required by the promiuory note setured hereby, mwtgagot tovenants and agrees to pay to mo:tgagee with each monthly payrnent an add~rionat sum estimated by mortgagee to be equal to 1/12 of the annual tost of tF~e fotlow- • ing: ' A-All real property taxes levied or assessed against the above described reat estate. I $'Q:~.......... C: ~:'C ....^.~5.,..... ...~......^.CC .=G~..C~ ~`0 ~_.r..~{ nn tFsn . rnvnmp~la fituatP On t~tl+ a~vw d?sc~ibe(~ Qfemiset. I I C~remiums on such tnortgage guaranty insurarce as matgagee shall from t;rrie to time deem fit to tarry on the ban setured hereby. ' I Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereundrr and such wm shall thereupon be due and ! Fayabte on the due date of the next month!y payment and each s~,ccessive monfh thereafter ur.til mortgagee shall notify mortgagor of a charge in such ~ amou~t. Such sums shalt be applied by mwtgagee toward the payment of real property taxes, insurance prem.ums, and mwtgage guaranty insurance ~ oremiums. IN WITNESS WHEREOf, the said MORTGAGOR has hereunto set his hand and seat the day a~d year first aforesaid_ ,.Sealed and de' in the presence of: (S~aq La ence Dray tCh ~sp 'ti s~n O~II Dra ~tCh " Seaq S7ATE OF FLORIOA 1 ~ o cour,n oF St. Lucie ~ Before me personally appeared ~~e~@ Dravoviteh a~ J an DYB,j[qV~tC~l his wife, to me well know~:ud known fo me to be the individ~sls described i~ snd who executed the foregoing instrument, and acknowledged befwe me that they execute~l,~(~~~ame for the purposes therein exp~essed. Md the w a Joan Drsyoviteh ~~_.T•_- _ ~ ~ ~1 wiFe of the said ' •~`Ir~ubte ~nd privaft examination by me taken separate and apan from her said husband, acknowledged to and befwe me that she e~ said jps u ~llr and volun- raril and without ~n com Ision, constraint, a eh s' fear of or from her :i,•'; Y Y P~ PP? _ . ~ • , ' C WITNESS my hand and official seal this day of R 19 _ ; - ~ - = . Notary Publ'~c in a~d ~r ~Sta o Flonda.i My Commisiron e:pirei~.~ Return To: ' ~y~y~~~ ~~~III~E d fLORIDA at LARGE E:rst Federal Savings ~ loan Associat~on ~PU~~~~~(PIRES SEPT. 25. 1975 Of Fo~r P~erte. BO~II~~ ~ran Bankers Inwran-± x Fart Pierce, Flwida ~~o ~~+o RECOao~ ; s . ~uciE couNrr f . RQiGER Pp1TRAS This Instrument Prepared By : John W. Collins CI~RK CIRCUI~ COURT ~ First Federal Savings 8~ Loan Association RECORO YEP.~fIEO~- ; ' of Fort Pierce ~ Florida '1 14 tM ~~Z i 1~ Checked By ~ - - c~ 2~66'72 6 OK~V~ ~GE ~ ~ ~ ~ r . , : - - - - - . . ` ~ ; _ _ ~ ~ ~ ~Y.~L~._~v~ : ~ _ .