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Home My WebLink About2184 ~ ~ . 3. To ptace and continuously keep on Ihe bui:d~ngs now a he~eafte~ situate on sald land and on all eq~ip~nent and personally covered by Ihis mor sge, with all p~emiums ~heteon pa~d in fult, (~re insucente in tfx ~sual s+anda~d potiq fo~m, in a wm aNproved by ~he MOR~GAGEE, and wmdsto ~nsurance in the usual s~andard poLcy form, in a sum approved by ~he MORiGAGEE, in such company or compan~es as ~he MORiGAGEE m ~1~~ect; and all (ire and w~ndstorm insurance poliues on any of said build~ngs. ~ny interes~ therein or parf the~eof, in rhe aggr~gare sun, aforesaid in excesi tFkreof, shap contain the usual standard mortgagae ciauu w such o~her clause as ~he Mor~gagee may requ:re, making ~he loss under sa~d po ~ c~es, each and every, payable to said A10RTGAGEE as :q interrst may appear, and each and every s~ch poi~cy shatl be promp~fy ass gned and detivered ~ any held by se~d MORtGAGEE as furiher secoriry to said mongage dab1, and, not leu ~han ten (10) days in ad~ance oi the expirat~on o1 ea:h po6cy, to d. ` ~~~e? ~o sa~d MORTGAGEE a renewal thereof, toge~hrr with a rece~pt tor ~he premium oi such re~ewal; a~d ~here shall be no i;re or windato~m insuranc olaced on any of said build~ngs, any inte.est 1!~ere~n or part thereof, unless in the (orm and with the loss payabfe ai aforesaid; and in she event any sun ol monay becomes payable under such policy or policies said MORiGAGEE sfiall have the opt~on to ~ece~Ye and apply the same on account of ~he indabted neas secwed hrreby w to perm~t sald MORTGAGORS to receive and use it a any part thereoi for o:~~~•r pur,~csos, v.~~no~t ~h~.~or wof~~.~3 ~~~~P~~~ ~~g any equity, lien or ngh~ und~r or +~y virtue of this mo:'gage; and in the event iaid MORTGAGORS shall for any reasan fail to krep the said premises so ~nsured, or fail lo deliver promNtly a~y of said pol~eies of insuran~s to said MORTGAGEE, or fai! pr~mptly to pay fu~ty any pre~nium therefo~ or in a~y ~ respect fail to pe~fo~m, d~scharge, execute, eifect, complete, axnply wi~h and abide by this covenant, or any pa~~ hareof, sa;d MOATGAGEE may piace artd pay fw auch insurance or any part thereof without waiving ot affecting any option, leen, equity, or r~gh~ ur,der or by vi~tue of this Mortgage, and the ful{ amount of each and every such payment shall be immediately due and payable a~x! shall bea~ inter~st from the date thereof untit peid at the rate of n~ne per centum per annvm and to~ethe~ wirh suth inferest shali be secured by the lien of this mortgage. 1. To permit, commit or suffer no waste, impairmenf w deterioration of said prope~ty w any part the~eof. 5. To pay all and singular the costs, charges and expenses, including a reasonable attorney's fee and costs o( abstrads of title, incurred or paid at any time by said MORTGAG'_E, betause ot in the event of the failute or? the part oi 1he sdid MORTGAGOR 1o duly, prompfiy and fully perform, d~scharge, ' execute, elieu, comp;ete, co~nply w~th and ab:de by each and every the stipulat;ons, agree~~ents, conditio~s, and covenants of said promissory note and this n,o~tgage any or e~ther, and sa=d coats, charges and expenses, each and every, shall be immed~ately due a~d payabte; whether or not there be not~ce de~ j mand, atte~npt to cotlet~ or :uit per.d~ng; and rhe full amount of each and eve~y such payment shall bea. interest from the date thereof until paid af fhe ~.~~e of nine per canwm p,:r a~~uum; an~' all said costs, charges and expenses irxurred or paid, together w~th such iroerest, shall be secured by the lien oi thts mortgage. 6. That (a) in the event of any breach oi this Mortgage or deFauft on the part of the MOR7GAGOR, or (b) in the event any of sa;d sums of money herein referred to be no~ pranptty a~d tully paid with+n thirty (30) days next after 1he same severalty become due and payable, without demand or notice, ~ or (c) in the evenf each and every the stipulations, agreements, cond~tions a~d tovenants of sa;d promissory note and th~a mortgage any or either are no1 1u:y, p~pnptly arx! fully performed, d~scharged, executed, eifected, tompleted, complied wilh and abided Sy, then in either w any such eveM the said ag g~egate sum mentioned in said promissary note then rema~ning unpaid, with interest accrued, and at! moneys ~secured hereby, shall become due and pay- , aoic forthwith, o~ thererfter, at the option of said MORiGAGEE, as fu!!y and completely as if atl of the s3id sums of money we~e ongina~ly stipulated a To be pa:d on such day, anything in sa:d promissory note or in this Mwtgage to the contrary notwithstandi~ig; and fhereupoo or thereaiter at the op~ion of s~.d MORTGAGEE, wrthout ~otice or demand, suit at law o~ in equity, therefore Or thereafter begun, may be prosecuted as if atl moneys secuted hereby i r._d matured pf~or ro its institunon. 7. That in ~he event that at the beginning of or at any time pending any su~t upon th~s Mortgage, or to foreclose it, or to reform it, or to enforce 4ayment of any c:aims he~eunder, said MORTGAGEE shall apply to the Cour~ having junsdlction fhereof (or the appointmenf of a Receiver, such Court shaN fc; thwith appoint a receiver oF said mortgaged property all and singular, includ,ng all and sing~lar the income, prof~ts, issues aRd revenues (rom whatever z~,~~ce derived, each ard every of wh~ch, it being expressly understood, is hereby mortgaged as if spec~fically xt forth and described in the g~anting and h~6end~m dauses her~f, and such Receiver shall have atl the broad and eFfective funa~ons and powers in anyw;se ent~usted by a Cowt to a Receiver, and s, ch appointment shall be made by such Court as an admitted equity and a malter of absolute right to said htiORTGAGEE, and withoul reference to the adequacy o+ inadeqvacy of the value of the property mptgaged or to 1he soivency or insotvency oi aaid MORiGAGOR or the deiendants, and that such r.~•,rs, profirs, incane, issues and revenues shall ~ applied by such Receiver according ~o the tie~ or equity o} said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fulty perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, ~o~ditions and covenants in sa~d promissory note and th;s ~noltgage set forlh. 9. Tha! in the eYent the ownership of the mortgaged premises, or any part thereof, becomes vested i~ a pery~n other than the MQRTGAGpR, the .'.ORTGAGfE, its successors and ass~gns, may, wirhout nofice to the MORTGAOR, deal with such successor or successw in interest with reference to this ~:orrgage and the debt hereby se!ured in the same manner as with Mortgagor witFwut in any way vitiating or dischaiging the Mortgagors' liability here~ ;;r.der or upon the deb~ hereby secured. No sale of the Fremises hereby mo~tgaged and no forbearance on the part oi the MORTGAGEE or its successors or assigns and no earension oi the time for the paymem of the debt hereby secured given by the MORTGAGEE or its successws or assigns, a~tiall operate ro re!ease, d~scharge, modify change or atiect the orig~nal liab~i~ty of the MORiGAGOR herein, either in whole or in part. 10. It is spec~iicalty agreed that time is of the essence of this contract and thaf no waiver of any obligatlon hereunder or of the obligation se- t c~red hereby shati at any time thereafter be h~ld to be a walver ot the terms hereof or of the instrumeM secured herby. l t. In ~Jd;tic~ to the forega~eg mor.th!y paym=nts of pr~nc pal and imeres~ ~rquired by the promissory note secured hereby, mortgagor cuvenants +rd agrees to pay to mortgagee v~ith each monthiy payr,ient an add~rional sum eshn~ared by mortgagee to be equal to 1.' 12 of the annual ~ost of the foflow- g: ' A-Afl real property taxzs lev~ed or assessed against tho above described real estate. 6-P~an:~u~ns on f~re and v+indstorm insurar.ce as nere~n requ:red to be carried on the ;mprovements s~tuare on the above described premises. C-Premiurns on svch mortrage guaranty ir.surar,ce as mortgagee shail from t~me to time deem fit to carry on the loan secured hereby. Mo~tgagee sha?{ f+cm time to time notify mortgagor in writ~ng of the amo~nt due and payable hereundrr and such su:n shall thcreupon be due and able on the due aare oi the next month!y payment and each successive month thereafter urtil mortgagee shall notify morrgagor of a chaage en such ~ ,-•ount. Such sums stia:i ~e appiied 6y mortgagee towaid the payment of real properry taaes, insurance prem:ums, and mortgage guaranty inwrance S c~cmiums. IN YJITPJESS 'C(HFREOf, the said MORTGAGOR has hereunto set his hand and sea! the day and year first oresald. ~ S' , Seat and livered 'o tF~e pr nce of: ~ r W 1 i1 S 5 ? . r Yt Seaq i (Seal) (Seat) Witness a . c - - Seaq S~ATE OF~~ I~INIA ~ COUNTY Of ~ j ~ a Before me personally appeared Joe L. Kr chnak a~ $y1Vld N. Krchnak his wife, to me well known and known to me fo be th= ~nd~v~duals described in and who executed the foregarg instrvment, and atknowledged before me that they executed the same fo~ ihe p~rposes rherein expressed. And the said _ $y1Vla N. Krchnak r+~fe of the said Joe L. Krchnak ~pon a sepzrate and private e.am7nar;on by me taken separate and aparf from her said busband, atknowledged to and before me ihat she executed said instrument freelx and~.~~ '~r~iy and without any computsio~, constraint, apprehenaion, fea~ of or from her said husband. , ,i' `T'f"• ` WITNESS my hand and offiual seal this a s~ {i F day of $ D1ti 1 D~? t f! LED aMD ~ N T Y 1~~ " : 3 =T• WCJE CO " ' ~ ~ ~ R~~ER P~ ~ T A A: ~ Notary Public in and i the State of a t-}~ , Return To: ~ , r 9 RE ORa YER FjfO ~OUIIT My QuC3't-~--aX`'A~ a/Q 7 t~;c fint Federal Savin s 6 loan Associatlon ~ 3 , ~ V : y y Of Fort P c: ce. Q - 1 Forf Pierce, Florida o 2~ p N C:l. ~ ~ Q/; 1~ i ~ ~ ~ ~ - 1' t ;?1 ~ ~ v:~' ~38'798 . 7his Instrument Prepared By RiChaYd K. Kayes • ~ _ First Federal Savings 8 Loan Association ~ of Fort Pierce , Rlor ida ~ Checked By 600K ~GU6 PAGf z~,80 i ~ - . _ ~ ~ - ~ ~ ~ ~ 50 - ~ _ _ p ~s:x