HomeMy WebLinkAbout2671 To p~~ ~nd con~i~xwuslr tNp on tM euild~nps ~wwr a 1~~+t~ whH» ow s~td IM+d a~d o~ dt puipn~et snd pKwMtir covN~d py N+N ~wo~
.p~. wi~A ~11 pr~niwru rl?K~on pi~d in lull, t~r~ i~+w.~nc~ in ~M uwal uw+dud pot~cy fonn. in • w~ approwd b~r tM MORTGAGfE. ~nd wir~ro
tnsw~ce in th~ uwat ~Nr~da.d pol~cy farw iw • wm +pp~ov~d by Nw MORTGAGEE, in wcl~ canpany a compa~i~s N tM MORtGI?GEE n+
dir~dt ~nd ~11 (ir~ ~nd wind~lwin inwrana polic~ on any o! s~id build~np~, ~+y Mta~s~ tlw~in w pNt tMrw1. in 1M pq.sy~N w~n ~fa~sald
tn ~xoess ~I+Hwf, ~MI{ cm~~in ~M ~a+al s~W+dud mo.rq.p~ claw~ a wd~ alw~ dws~ a th~ Matp+~ n?aY ~~qu~n. ~kinp H» 1oa? undM s+~d Pu
cin. ~ach W+d wMy. pavabl~ a said 11AOkiGAGEE a i~i intKest m~Y ~pp~ar. and e~ch a~d ~ve.y such policy sMll b~ panptty ~as•9~ed ~nd d~liwr~d ~
~ny h~W by said MORTGAGEE a fw~hK secwi~y ~o said mwt~ap~ d~W. and not t~ss MMn hn (10) day~ in adv~u of ~h~ ~xpFrat~ ot ~~ch poliq. ro d~
livN to said MpRiGAGEE a r~wal thtnof, Iop~thK with a reqipf fo~ tM pr~miutn of such ~~xwal; and tFw~ thall b~ ro fu~ or wind~~wm Inwrant
ptacsd on ~ny of said bviWinps. ~ny int~.~s~ t1~~in a p+rt ~F~~of, w?ku i~ ~M form and witi~ ~M bu payabN as ~f«~ids ~nd in th~ ~wn! any aw+
of nwn~y becom~s payabb uod~. wch poJ;cy a pol;c~ said MORtGI?GEE sh,ll Mw ~M op~~oe ro ~eceiw ~nd ~pply th~ s+m~ on aaounl of tM ind~b~ed
neu tKUred herepy o~ Io ptrmit s~id MORTGAGORS ro receiv~ ~nd use it w any pa.~ rnereof fu othc~ purpwes, w~~hout thr.eb~ .:>i~i~y a~mpair
inp aoy pv~y, li~n w ri~ht w~d~r a.by virtw of this moztyaq~; ~nd in tM ~vent said MORTGAGORS tha!! (w any re.wn (~il ro k..p ~M s+~d p~.m~ses so
insured, or }~1) b delivN pamptly ~ny of said polities of insw~nt~ ro ~aid MORTGAGEE. o~ fail promptly /o p~y fully ~ny pr~mium th~r~foi p i~ any
respect fail b pe~fp~, dixhuge, ~xec~t~, ~ffect, compl~te, comply with ++id abid~ by thia covenant, w ~~y put hereof, ~aW MORTGAGfE may pl~u ~nd
paY fa such inw~ar~ or any put thKeof without waivinp or ~ffestinp any option, lien, puity, a ~ighl ~rrwl~r a by virtw of this Mortyap~, and tM
full amount of ~acA W+d ~wry wch payme~t shall be immediately dw and pryabl~ and shall beu inter~sl f~om th~ dat~ therwf w?~il paid at tlw rat~ ol
n~n~ per ctntwn pK anrwm and ropether with svch interes~ thsU be securod by tM l+~n of this mortQ+y~.
To pKmit, commtt or wffk ew wast~, irrcpairment a deterioration of said property a~nY put therwf.
S. To pay aN ~nd sinQ~lar tM cosq, charpes and expenks, includiny s reasonabk ~nomey's fes snd cosn of sbttracn of titl~, incurred a paid ~t
sny tune by said MORTGAGEE, b~c+use a in the evenf of the failure on tM pan of ~he said MORTGAGOR !o duly, promptly and fully pe~fwm, ditcharg~,
execvte, eftecf, oomptete. tomply with and ~b:de by each and every the atipvlat~w+s, sgreements, conditions. aed covena~ts of s~id promiuory not~ and Ihis
mutgape any or either, and sa~d costs, ch~rges and eape~ses. each and every. sh~ll be immediately dw and payable: whether o? not there be notice de
mand, anempt ro collect or suit pendirg; u~d tM full amo~rnt of each aod every such payment shaN ba+. ir+taesf f?om ths d~ro tFweof until piid d tM
rare of nine pe~ ce~tum per annum; and a!I said tosts, charyea and expenses inturred or paid, together with suth interest, il?all be setured by tFk lien of thii
mort9+y~• .
6. That (a) in the event of sny lxcach o{ this Mwtgap~ or defavl~ on ths part of the MORTGAGOIL or (b) in ths eve~t any of said sums of naney
herein refe~red ro bs ~ot p~or.~ptly and fully p~id within th'ury (30) days next after the same severally become d~e and pay~ble, without tkmand o? ~otice,
or (c) in the eveM each ~nd every the sfipulations„ agreements, condiiions snd covensnts of said promissory note and th~s mat9a~~ any w eitl+er are nol
iuly, p?ompNy and fully performed, dixharged, executed, effected, compkted, canplied wlth and ab~ded by, then in eitFier w any s~ch ewnt the said ag
gregata wm mentioned in said ptomissory note then remainiog unpaid, with interest acuued, and all mo~eys sccured heteby. sMll betort~e due and pay-
eble fathwith, Of tI1HNftN, at the option of said MORTGAGEE, u fulty snd completely as if all of the said sums of mooey were originally stipulated
to be paid o~ such day, anything in said promissory noto w in this Mort9age to the contrary notwiths~anding: and theretipon ot thereafter st the op~ion of
said MORTGAGEE, without ootice o? demand, suit at law or in puity, therefore o~ thereafter begv~, may be prosec~ted u if atl moneys secured Aereby
had matwed prwr lo its institution.
7. That i~ the ever~t rlwt at the beginning of or at any time pendir,g any suit upo~ this Mortgsge, w to fwectose it; or fo refwm it, a to enfo?ce
paymeM of any claims lxreunder, said A~pRTGAGEE shall apply to the Carn having jurisdictio~ tF~ereof for tF?e ~ppointme~t of ~ Receiver, such Court shall
Forthwith sppoint a rrteiver of said mortgsged property aN a~d singvlar, includ~ng al! and sinqular lhe intome, profiri, iuues and revenu~s from whatever
source de?ived, each and every of which, it being expreuly understood, is hereby mortqaged as if spec~fically set fwth and described in the yra~tir~g a~d i
habendum clauses hereof, and suth Receiver ahall have all the lxoad ~nd effcctive funct~ons and powen in anywise entrutted by a Cou?t To a Rcceiver, and
such appointment shall be mack by such Court as an admined equity and a matter of a?~wlute right to said JNORTGAGEE. and without referer~ce fo the
edequacy w inadeq~acy of the valve of fhe property mortgaged or to the wtvency or i~solvency of said MORTGAGOR or the defendann, and that such
re~rs, profin, income, iuues and rovenues shall be applied by such Receiver suwding 1o t}~e lien w eqvity of said MORTGAGEE and the practice of such
Court.
B. To duly, promptly and fully perfwm, dixharge, execute, eifect, complete, comply with and abide by tsch and every ihe sfipulaY~ons, agreemenri, F
conditioos and covenams in said promissory note and this mwtgage ut forth.
9. That in the event the ownenhip of the mwtgayed prem;ses, w any part thereof, beoomes vested in a person other than the MORTGAGOR, the
AtORTGAGEE, its succeuors and augns, may, without notice to the MORTGAOR, deal with sucn svccessw or succcssw in iMCrest with refnence to this
mor~gage and tha debt hereby secured in the ssme mapne~ as with Nbrtgagor without in any way vitiating q discharging the AAwtgagors' liabilify herr
under or upon the debt hereby secured. No sale of the premises hereby matgaged and no fabearance on the part of the MORTGAGEE or iri svaeuors
or auigns and ra extenian of the time for the payment of the debt hereby setured given by the MORTGAGEE or its suttcssors w suigns, ahaH operafa
ro rckase, discharge, modify change or affect the original l;abil;ry ol ?he MORTGAGOR F?ereie, either in whole w in part.
10. It ia spetifically agreed thaf time is of the essenc~ of this contrad and that no waiver of any obCgaYwn haeunder or of ths obligatpn se-
cured heteby shall at a~y t~me thereafter be held to be a waiver of the terms hereof w of the instrument secured herby. ~
11. Irr add~tion to the forego:ncj montiily payments of princ'pa! and inte~est required by the promissory ra~e secu?ed hereby, mortgagor covenants
and agrees to pay to mortgagee with each monthly payrnent an add;rional sum estimated by mwtgagee to be equal to 1/12 of the annual cosl of the follow-
ing: - -
A-All real property taxes levied or assessed against the above descri5ed real estate.
8-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improvemeets situate on ihe above described premises.
C-Prtmiums on such mortgage guaranty irtsurance as mortgagee shall from time to time deem fit 1o carry on the (oao seevred hereby.
Mortgagee shall from time to time notify mortgagor in writirg of the amount due and payable FKreunder and such wm shall thereupon be due and
Fayable on the due date of the next monthly payment and each svccessive month thereafter urtil mortgagee shali notify mor~gagor of a thange in s+~ch
a:nount. Such sums sF.al! be applied by mortgagee toward the payment of real prppe~ty faxes, insuronce prem:vms, and mortgage guaranty inwra~ce
premiums.
IN WITNESS WHEREOf, the ssid MORIGAGOR has hereunto set his hand and seal the day and year first aforesaid_
Siyned Sealed arsd delivered in the presence of: `
• ~ (Seaq
.
~ ~ 'u.s~e ~ ~
. ~
,
57AIE OF FLORIDA ~ ~
~Ol1NTY Of .S't . Luc ie ~
Befue me personally appeared Ar t Gu c t Ru s sak i c
Helen CbriSt Russakis his wife, to me ;y~p~rn to me fo b~i
'"4~ ~ ~ , ~
the indiv~dvals described in and wha ~!XKJiCd tFa fore~oirg instrumen+, and Kk~ww~edged befae me tFwt they Nqlt., tfie pwposes
ihe~~~~ e~cp.eued. a?d rhe ss:a Helen Q~tist Russakls . •••'~'',f,,.,.~1
Art Gust Russakis~ • * = ~
wife of the ssid ~'a !e.~irr~ynd Priwb
examinition by me tsken stparate and apart from her aaid }wsband, adcrwwledged to and befora rm that she exec~rRed s~id insertr ~~1y ~nd vol~n-
rarily and withovt any compuls'an, constraint, ~ppre ion, or feu of w from sa~d ~j n L 4~~:=%f
WITNE55 my hand snd official seal th' daY ~ • , ' ~ ~ D: 19 72
.f.
ti•
Notary Public in +nd for • 1t,.t~~
Retum Ta My ~°~"mu~'°~ n`pira' M01'AR1f. , 8UC~3'1'ATE d flORIDA at tARGE
Pirst Federal Ssvings b lwn /~sociat~on ~Ill COMMISSION" EXPIRES $EF7. 25. 1975
Of Fort P;erte. ~d ~ ~
fo~t P;erce, Flw;da
~T t.11ClE COU~Y i_iA. v
ROOEp P017RA: ~
This Instrument Pre red 8 Thoma?S A. urisCOll • CLEt~K CI~~iIttCOd~T
~ y AECORD yER!FIED
First Federal Savings 6 loan Association
of Fott Pierce~ Florida ~ q 3~ ~ s~9
L t ~
Checked By
r IO~K~V~ MtrE~?VVO ( cf
~ 1 t~ '
~
f
~l7r~f~.Y_~~ ~r ,.i yti. - '~~'r'
~Ki~ T..~.'~`...