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HomeMy WebLinkAbout0722 3. To place and continuously keep on the bui!dings now or herraite? e~tuate on said land and o~ att equip~nent and personatty cove.ed by this mw agu, w~h all p~En~iums ~hrreon pa;d in iull, fue inswance ~n ihe usvat siandard po:icy form, in a sum aHpro~ed by ihe MOR~GAGEE, and w~ndsto ~ ~nwrance in tha uwal standard pol:ty form, in a sum approved by fhe MORIGAGEE, in suth tompany or compan~es as the MORTGAGEE m dnc:t; and all fire and w:ndsto~m inwrante polic:es on any of iaid buildmga, any interesl therein or parl thereof, in Ihe agg~egate :um aforesaid in excess thcreof, shall :ontain 1he usual standard mor~gagee clause or such aher cfause as fhe Mo~tgagee may requ~re, making the lass undrr sa~d po c~es. each and every, payab!e to aa~d A10R1GAGEE as ~?s ~~lerest may appea~, and each and eve~y such po~~cy shatl be promptly a~s gned ar.d detlvered ~ an~ hrfd by sa~d h10R1GAGEE as fur~her security ~o said mortgage debt, and, r.o1 less Ihan te~ (10) days in advance of ~he expi.at~on of each pol~cy, to d I,tie~ ro said h50RfGAGEf a renewai thereof, togerher with a rece~p~ for the p~emium o1 such renewal; and ~here shall be no fire or windstorm insuranc placed on any of sa~d 'ou~ld~ngs, any i~te~est there~n w psrt tt,e~eof, unless in ihe form and wifh thr loss payable as aforesaid; and in the even? any sun of money beconies payabte undN wch policy or policies s~id MORTGAGEE shall have •rhe opt~oo tu rece~~e and apply the same on au~unt ol ~he indebted n,ss sece.~ed hereby or ro permit said MORTGAGORS fo reeeive and ux it q any part Ihereoi ior o:ne~ purposes, v.itho~t IA~no~ ~vaivi~3 0~ m~p~ir ~~g any equ~ty, lien w r~ght under or by virt~e of this mo:'gage; and in tha evenl sa~d MORTGAGORS shall iw any reason fa;l to keep the said premisrs so ~nsured, or fail to daiiver pro~nptly any of said policies of insurance to said MORTGAGEE, o? fai! p:omptly to pay fuSly any prem~um therefw or in anY resprc~ iail to perform, d~scharge, execure, efFec?, complete, co:nply with and abide by this covenam, a any part hereof, said MORTGAGEE may pface a~~d p.,y for such insur.~nce o~ any part thereof without waiving a affecting a~y optio~, lien, equity, or right under or by vF~tue of this Mortgage, and the t~,il amount of each and every wch paymeM shall be immediately due and payabte and shall bear interest from the date lhereoF un~il p~id at the rate ol e per cent~rn per annu:n n~:~ togeih~r wifh suth i~iter~it shaU be secured by lhe lien of this mortgage. d. To pe~mit, commit a suffer no waste, impairment w deteriotation of said property w any part thereof. 5. To pay all and singuiar the costs, charges and expenses, i~cluding a reasonable atro~ney's fee and costs o! abstracls of title, incurred or paid at ~ny tLr.e by aaid MORTGAG'_E, because o~ in the event of the fallure on ~he part of the said MORTGAGOR to duly, proniptly and fully perform, d~xharge. :~a~.ute, effect, comptete, compiy w~th and ab:de by each and every the stipu~a~~ons, agreements, conditio~s, and covenants of said promissory note and ~his +:orrgage any or e~rher, and sa;d costs, charges and ea~:enses, each and every, shall be immediatefy due and payabie; whether or not there be notice d~ ,•~d, a:rz.npt to coi;ect or wit pend~~g; and the full amouM of each and every suth payment shall bear interes~ (~om thc date thereof votil paid at the oi ~:~ne per ceneum per annu~~; and atl said costs, charges a:~d expanses incurred or paid, toge~her w~~th such interest, shall be secured by the lien of thif mortgage. G. That (a) in the eveni oF any breach of this Mwtgage or default on the part of the MORTGAGOR, or (b) in tF~e event any of said sums of money f~~~rein referred to be r.ot pron,ptly and fuily paid within thirty (30) days next after ~he sanee severaSly become due and payable, wiihout demand or notice, or (cy in the event each and every the stipulations, agreemeNS, condit(ons and tovenants ot sa.d promissory note and th~s mortgage any or either are not ~uly, promptly and iutty performed, d~scharged, executed, effected, canpleted, complied with and abided Sy. 16en in e~ther cy any such event Ihe said ag 3~~gate S4T. menrio~~ed in said promissory note the~ remaining unpaid, wi~h interest accrued, and all moneys setured hereby, shall become due and pay- e foreh~vrth, cr rhereaher, at fhe opt~on of sa~d MORTGAGEE, as fully and compleeely as i( afl of the said sums of money were a~g~nally snpulated be pa:d on such d~y, anyfhing in sa:d promluory oote or in ~his Mongage ~o the conrrary rtotwirhs~anding; and the~eupon or thereafter a1 the opfion of • d MORTGAGEE, w~thout notice or demand, suit at law a in equity, the:efwe w thereafter begun, may be prosecuted as if sll moneys secured he?eby r._d matured pnor to ~ts institution. 7. That in the event rhat at ~he beginni~g of or at any time pending any suit upo~ lhis {Vlor~age.•ot to foretlose it, or to reform if, w fo enforte ;.~~ment ef any Ci3ims he*eunder, said MORTGAGEE shall apply to the Court having jurisc~ic?ion,theseof fw t~ier appo~ntrrxnt of a Receiver, such Court shail i~~rhwi:h appo~nt a receiver of said morfgagcd properfy all and singvla~, i~cludmg atl and singuiar 1he in<ome, profits, iswes and r~venues {rom whateve: -•_•ce drr~ved, each and every of wh~ch, it being exp~ess~y undentood, is hereby mortgaged as if spec~lically set fo~th and deuribed in the graNing and n• e,id~m ciauses hereof, and such Receiver shall have atl ~he broad and effeaive funct~ons and powers in anywise p~trusted by a Court to a Receiver, and s:h appoi~tment shalt be made by wch Court as an admitted equity a~d a matter of absolute right ro said MORTGAGEE, a~d withow reference fo the ;:~v,c~ or inadequacy of tF.e value of the property mortgaged o+ to the so~venq or insolvency oF sa~d MORiGAGOR w the defendants, and that such +s, profits, :~co~ne, issues and revenues shall be applied by such Receiver accord~ng to the fien or equity of said MORTGAGEE and the practice of such Court. 8. To du.•y, prompr:y and fully perform, d~scharge, execute, effect, complete, comply w~th and abide by each and every the stipulatio~s, agreements, ;~ditions and covenanrs ~n sa~d promissory note and th~s mortgage set forth. i 9. That in the event the ow~ership of the mortgaged prem~ses, w any part thereof, becomes vested in a person other than the MORTGAvOR, the i : ~i7GAGEE, irs su:cesscrs and ass:gns, may, wirhout no~ece fo the MORTGAOR, deal with s~ch successo~ or successw in interest with reference to thia - o-~ga~e ar.d the d:ot h~reby secured in the same manoer as w~th Mortgagor w~thout in any way vit~ating or d~scharging the hlongagors' (iability t?err ~ der or upon the d~6t hereby secured. No sale of the Fremises hereby mor?gaged ar.d no farbearance on the pan of the MORTvAGEE or its successors ~ c~ assigns and no exerns~on ot the t±me for the payment of the debt hereby secured given by the MORTGAGEE or its successws or auigns, a~iall operate ro ~eiease, d:scharge, modify change w affect the original liab;l~ty of the MARiGAGOR herein, either in whole or in part. 10. It is spec~f~catly agreed that rime is o( the esse~ce of thes coMract and tRat no waiver of any obligation hereu~der w of the obligation se- i cured hereby shal~ at any time thereafter be held to be a wa~ver of the terms hereof o~ of the instrumem secured herby. 11. In cOi~ 1:G:1 fo the forego'ng montiily paymems of princ pal and inferest requ~red by the prom;ssory na!e secured hereby, mortgagor covenants : ~ d agrces to pay to r~or~gagee u~ith each n~onthiy pay~ :ent an sdd~tional sum esi~mated by morigagee to be equal to 1/ 12 of the annual cost of the follow- f ; A-;.11 rcal proper.y taa~s levied or assessed agai•ist the aLrove described real estate. 6 Frr~~~.,~,~s or. Gre and windstorm insurance as here~n requ~red to be ca.ried on the improveme~ts s~tuate on the abo~e dsscribed premises. ; f -Pr~~~~,,:• s on wch mort~age g~aranty ir.surar~ce as mortgagee shaU from time ro time deem fit to tarry un the toan secured hereby. ~ Mortgagee ;ha f`-om Nme t~ t~me norify mortgagor in writing of the amow? due and payable hereundrr and su~h wrn shaq thereupon be due and r .,>.ble on the d~~- ea!v oi the ncat month!1 paym~nt and each successive month thereaft^r ur,tii mortgagee shall notify mortgagor of a change in such F ,vnt. Such su~ns s~a:l be ap,!ied by mortgagee to.vard the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance ._,n~ums. IN \'~ITNE55 '~lH:RtOF, the said MORTGAt',OR has hereunto set his hand and seal the day and year first aforesaid. _ 45igned, Sealed a~d delive in th presence of: ' t- ~ ` j a ' ~ R - ~ @TON 1 (Seal) ~ (Sean - " (Seal) ='.yiE O RIDA 1 ~JU'~TY Of _ Sti. Lucie ~ Before me personally appeared JOSej hL 7ami amvaki ° - and ' `~3T~'1 2'~m~ ~I'C)KR]Q his wife, to me well known and known to me to be _ ind~v~dva~s desvibed in and who executed the fwegoing instrument, and acknowJedged before me that tbey exetuted fhe same for the purposes ~^rein expressed. And the said__~s1I'~tl ZSIDIBI'OWSiS1 ::.fc of tha sa:d Jos~h Zamieroxslci upon a separate snd private ~~~o~rl~naTlon by me taken separate and apart from her said husbarvl, acknowledged to and beforc me that she executed said }i~trument freely and volurr ~~r;y and w~~hout any computs'wn, constrainf, epprehe~~~n~ or fear of or from ber said husband. , WITNESS my hand and offiua! seal this 1~ day of A t'. - q. ~y~_ Nqtary Public in and or btite ~ Flo~ida a1 largt Return io: My Commission expires: . ~ 15: . Finr Federal Savings a loan Associat~on ~j y~ „ Of Fo~r Ve:ce. • Fort Pie:ce. Fi~rida ` ' ~ , ~ ; ftlE~ AND RECORDEO ~ ~ ~ ' ; ST. LUCIE COUNTI? FlA. ~ ROGE~ POtTR~S CIERK C??CUIt COUaT Thi; Instrument Prepared By : Richard K. Kayes RFCOAu VEFl~tED First Federal Savings & Loan Association t~ ~ of Fort Pierce ~ Florida 3 j~50 ~0 31 !~7 . Checked By 23549~ ~ a0ox ~V~ PACE .1 ~ ' i~F~ .a.~ . ~ r ~ - . - _ _ . _ . _ _ . .