HomeMy WebLinkAbout2064 3. To plate and continuously kecp on the bui!d~nys rtow or hereafte? a~tuals on said land and oo all equipmeM and penonally covered by this ma
ege, wilh all premiuma Ihercon paid in fu~l, fire i~surance in Ihe usual sta~xlard polity lorm, in a sum approved by the MORIGAGEE, and winds~o
~nsurance in ~he usual standard pol:cy fwm, in a sum spproved by ~he AM1ORTGAGEE, in such compa~y or compan;es as tl~s MORTGAGEE m
d;recl; and all (ire and w~ndatorm insurance policies on any ol said build~ngs, any interest therein or part thereo}, in the aggregate sum ~fwesaid
in excess thereof, shall con~ain ~he usual standard mor~gagee clause w such othe~ clause as the Matgageo may requ~re, makin8 the loss unde~ sa~d po
cies, each and every, payabte ro said MOR7GAGEE a~ its inla?e~t may appear, and each a~d every such poticy shall bo promptly ass gned and delivered ~
any hrld by said MORiGAGEE ~s further security to said matgags debt, a~d, not leu lhan ten (10) days in adva~ce of the e~pirat~on of each pol~cy, to s!~
I~ver to said MORiGAGE: a renewal thereof, together with a receipt fw the premium of :uch reneNal; and ~hare s?wll be no f~re or winds~o~~n insuranc
placed on any of said buildings, any interes~ the~ein w part thareof, unleu in the (orm and wi~h the loss payable as aforesaid; and in the event a~y sun
of money becomes payable under such policy or policies said MORTGAGEE shall have ti?e option ~o receive and appty the same a? account o( the i,xkbted
ness secured h¢reby a w pe~mit said MORTGAGORS ?o iecsiva and use it a any par? thcreof fo~ o:h~~r pwF~osrs, v.~~ho~t ~h~nu~ w.:~~i,~3 0~ onp~n
in9 any eqv~ty, lie~ w right under or by virtue of this mo:!gage; and in the event said MORTGAGORS shall fw any reason tail to keep the said prem~srs so
insured, o~ fai) to deliver promplly any of taid policies of i~s~~ante fo said MORIGAGEE, or fail p+omptly !o pay fulty any premiuin therefor a in any
respect fail b pertam, d~scharge, execute, effect, con,plete, comply wi~h and abida by this cove~ant, a any parl hz~eof, sa~d MORiGAGEE may place a~~o
pay for such insura~ce or sny part thereof without waiving or aifecting any optio~, lien, equity, w right under w by virtue oF rhi: Mo~tgage, and t1~t
f~ll amount o) each and eve~y such paymen~ shall be immediately due and payable and shafl besr interest Irom the date thereof until paid a~ the rate of
nine per centum per annum and together with such iroeres? shall be secured by 1he 1'~en of Ihis mortgage.
1. To permit, commit w sutfer rto waste, impairment a deterioration of said properfy or any part there~of.
S. To pay all and sirgular the cos~s, charges and expenses, including a reasonable attor~ey i iee and cosrs of abstracts oi title, Incu~red or paid at
any fime by sa~d MORTGAG:E, becauie or in the event of the fa~lure on the part of the said MORTGAGOR to duly, promptly and fully perfwm, diuharge.
execute, effect, complete, comply w~th and ab:de by each and every the stipula~io~s, agreements, conditions, and covenants of sa~d promiuory note and this
mortgage any or e~~her, arid u~d costs, charges a~d eapenses, each and eve~y, shall be immed;ately due and payable; whe~her q not there be notice dr
+;:and, attcmpt to collett or suit pending; and the full amount of each and every such paymeot shall bea? interest from the date thereof until paid at Ihe
r.~re of nine per centum per annurn; and all said custs, charges and expenses incurred or paicl, together w~th such inreresr, shall be setu~ed by fhe lien of th;s
morfgage.
6. That (a) in the event of any breach of this Mortgage w default on ~he parf of the MORTGAGOR, or (b) in the event any of satd sums of money
herein referred to be not promptly and fully paid wifhin th~rty (30) days nex~ after the same uverally become due and payab!e, withour dema~d or no~ice,
or (c) ia the event exh and every the suputafions, agreements, cond;tions and covenants of sa;d promissory note and th~s mo~tgage any or ei?her are ~ot
iuly, premptly and fulty performed, discharged, executed, eftected, comple~ed, complied with and abided `ay, then in either w any such event the said ag
gregate sum mentioned in said promissory rwte then remaining unpaid, with interest accrued, and a)1 moneys setured hereby, shall become due and pay-
able forthwith, w thereafter, at ~he option of said MORTGAGEE, as fully and comple~ely as if all of the said sums of money were or~ginally st~pulated
ro be paid on such day, anything in sa:d prom~sso?y note or in this Mortgage 10 1hr contrary notwithstanding; and thereupon a therea(ter at the option of
said MORTGAGfE, withouf not;ce or demand, suit at law o? in equity, thereFore w thereaiter begun, may be prosetuted as if all moneys setured hereby
nad matured pnpr to ~ts institution.
7. That in fhe event that at the beginning of or at any time pending any su+t upon this Mortgage, o~ to foretlose it, o~ to reform it, or to enforce ~
payment of any tfaims hereunder, saed h50RTGAGfE shall a 1 to fhe Court F?avi ~
pp y ng ~ur~sdicf~on thereof for the appo~ntment of a Receiver, such Court shall ~
forthwith appoint a receiver of said mortgaged p?operty all and singular, intlud~ng aIl and singular the income, profds, iuues and revenues from whatever j
source derived, eath and every of wh~ch, it being expressty understood, is hereby morrgaged as if speuiically xt fwth and described in the granting and `
habendum clauses hereof, and such Receiver shall have all the broad and eilecrive funcr,ons and power~ in anywise entrusted by a Court to a Receiver, and ~
s~ch appoi~tment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the ~
adeqvacy or inadeqvaty of the value of Jhe property mortgaged or to the so~vency or insotvency of uid MORTGAGOR or the defendants, and that svch
ranrs,. pro`.its, incam, iuues and revenues shall be applied by such Receiver accord~ng to the lien w eq~ity of said MORTGAGEE and the practice of such
CouA.
8. To duty, promptly and fully perlo~m, d~scharge, execute, eflec~, complete, comply w~th and abide by each and eve?y the stipulations, agreements,
condiYrons a~d covenants in sa~d promissory note and this mortgage set forth.
9. That in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in a pe.son otF~er than the MORTGAGOR, the
MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successor a successor in interest with refe?er.ce to this
n,o~tgage and the debt hereby secu~ed in the same manner as with Mortgagor without in any way vitiating w dixharging the Mortgagors' liability hero-
u~der or upon the deb~ hereby secured. No sale of fhe premises hereby mortgaged and no forbearance on the par~ of the MORTGAGEf w its successors
or ass~gns and no extens~on of rhe time for the payment of the debt hereby secured given by fhe MORTGAGEE or it: succe:sors or auigns, a~iall operate
to release, d~scha~ge, modify change or aifect the original liability of the AAORTGAGOR herein, either in whole w in part.
10. H is speuficatly agreed that time is of the esunce of this contract and that no waiver of any obligation hereunder q of the oblgaYan se-
cured 1?ereby shall at any tia~e thereatrer be held !o be a waiver of the terms he~eof or of the instrument secured herby,
11. In add.t;o~ ro the fo~ec~o ng ~nonthly payments of princ'pal and inte~est required by the prom~ssory note secured hereby, mortgagor covenants
a~,~ agrees ro pay to mortgagee vti~th each mon~h!y payr.:ent an add~rional sum estimated by mortgagee to be equal to I~12 of the annual cost of the follpw-
h,g:
A-All real property tsxes ier~,Y or assessed agai~st thc abave described ~eal estate.
B-P~en:iu~ns on f~re ard v~indsto~~r, ~nsurance as here~n requ~red to be carried o~ the improvements situate on the above d~stribed premises.
C-Premiu~ns o~ such n,crr,,gc gva•anry irsurar~ce as mortgagee shall from t~me to ti~nc deem fit to tarry on the loan secured hereby.
Mortgagee sha~l .'rom fhn~• to t:~-:e nor~fy mortgagor in writing of the amount d~e and payable hereunder and such s4m shalt thereupon be due and
F:syable on the due dafe of ihe n•~.t :,:onth:~ payment and each successive month thereaft~r urtii mortgagee shal! notify mortgagor of a change in such
a~nount. Such sums sFa:l be app.«d 1,y mortg yee toward the payment of real Qroperty taxes, insurance prem:~ms, and mortgage guaranty insurance
p'emium3•
IN WITNESS :YHFREOP, the sald ~10RTGAGOR has hereunto set his hand and seal the day and r first afwesaid.
Signed, Seated and deii~ered in the preseoce of: ~
/
l/ an
(Sean
- f (Sean
~ ~ ~
' t.~_./ Qc~i~s M~ RacLko (Seal)
STATE OF F ORIDA ~
'i COUNTY OF St• Lucie
~ Befwe me personally appeared ~~~a Radke a~
; Doris M• Radke his wife, to me well known and known to me to be
' the individuala deuribed in and who txecuted the fotegoing instrument, and scknow(edged befwe me that they txccuted the same for the purposes
therein expressed. And the said DOI~S M~ R$Cl~
,rrtfe of ~he said B~u~ M• RaC~Ce upon a sepsratt and privsy~
exam~nalion by me taken separate and apart from her said husband, acknowledged to and befwe me that she executed said instrument freely and volwr
ranty and wnhout any compuision, co~straint, apprehension, or fear of w from her said husband. •
. n~ y ~ . . [ .,L
WITNESS my hand and officiat seal this_~~ da o .,p.-p. ~q~~
~ ~ ~ ~ ~
Notary Public in and for Stat FlOt +t 9t ;
Retum To: My Commiuion expires• ~
~
. ~
firsf Federal Savings 6 toan Assotiation ~~~A
Of Forf P~erte. b • . ` . .
Fo~t Pierce. Fbrida fIIED ANQ RECOROEO
fT. LUCIE COUIITY fLA.
IlOGEe: ?JITRAS D ,'~L
CLERK C::zCUIT COUIIt ,r,s~"
This Instrument Prepared By 2 Wm. E. BZe?tui RECORO VER+~lEg.,,~j„~~
First Federal Savings 8~ Loan Association Y
. of Fort Pierce~ Florida 33450 17Ar 1~ 3 42 PH ~~Z .
Checked By .
I 8UU?1 ~0?~/ i ~U[ ~O~F/ "
i ~