HomeMy WebLinkAbout0324 3. To p'aca and connnuousty keep on the b~~'.d+~~gs now or hereaitrr sit~ate on sa~d land and o~ a'~ ~n~.ioment and penonaliy covered by this mor
aga, wlth al) prrni~u~»s thereon pa J in iull, f~re ins~ra::ce in the usuai standa~d po:ity fo~m, in a s~m aHpro'.ed by ~he J,10R~G::GEE, and ~cmdsto
~nsurance in thr usual standard po:.cy for.n, in a sum aEpro.ed by the MORTGAGEE, in such company or co+npan.es as the t.10~TGAGEE m ,
d:reu; and aU fire ar,d w:ndstc~m insurance poGc~es on any of sa~d kwild~ngs, any interast the~ein or part thvrroi, in the aggr~gate wm aforesa~d
ir. excru thereof, sh~ll :entain the uswl sta~~d~rd mor~gagre uause or such other cia~ se as the hlortga~ee may requ~re, ma?ing thr ~oss undr~ sa~d po
c~es, eath and every~ P3j/dJ~@ to said h10RIGAGEE as ~ts intar.si may appear, and each and every such p~'::cy sLail be promptly ass g~~cd a~~d de~~~a«d ~
ar,y heid by s~~d htORIGAGEE as fur~h~r s_curity to sa~d mo:rgage dabt, and, not less than ten (101 days i~ aJ:3~~ce oi the eapiruUOn oi each po:~cy, ~o d~
I~~er to said ,ti1pRIGAGEE a renev:al Ihereof, together with a receipt for the prcmium Of wth rencv.a!: a~id there skiall b° no i~re or windsto~m inwrant
p'aced on a~y oi sa:d b~~!d~n~s, any in~rrest tnere!n or pa~t thereof, unless in ~he fonn and wnh ihe loss pa;.,'~:e as afo~esa~d; ond in the evem any sun
of money beco:n~s paYable v~drr wch poticy or poLcies said MORTGAGEE ahaR have the opt~on to rec_i._• d c,,; .y tl~ sa~ne on acco~nt of thc indabt~~d
nc-ss secured he<<~by or ro perm~t s3~d r~IGRTvAGORS ro recaive and use it or any pc>n rii.•:.~of rcr c~~.~ r;.~.. ,s~ a:..~~,~.! ~h:~, ~7 ~••~,p~~~
mg any equ;tf, ~:en or riyht under or by virt~e of this mcr'gage; and in the event sa:d ~WORTGAGORS sha'I :o~ any rc.xon Fail to kerp the sa~d premis~~s so
,nsur~~d, or 1ai1 to d~:~ver p~oinptiy any of :aid poi~eies oi insuranee to sa~d MORTGAGEE, Cr fa~' p:e:e:E;v:y to y ay fu.:y any pre•r~~~m tl~ereior or ~n a~~y
respecf iai! ro perfo~~n, d~scharge, execure, efiect, compietr, coa~ply wirh and abide by thls cove•~a-:t, or any parf h~reof, sa~d R1GRiGAGEE may p~ac~ a o
pa1 for s:,ch insw„nce or any part thareof w~thout waiving or affecting any option, lien, equ:ty, or r~gf~t und~~ or bp virtue of This Mortgage, and the
t;,li a~nount o( each and e.ery svch payment shall be ~mmediately due and payable and shall brar interest fro~n thc d.,te th~~eof ~nt~l p.,ld at the rate of
~e per c~~ntv:n pcr a~viu~n and to3_•H.,r a;sh s~ch ~~ir~•r~•st shau be srwred by the lien of this mortgage.
4. To permit, commit or s~~ffer no rrva>te, impairmcnt or deterioratfon of said property or any part thereof.
5. To pay a.l and singular the cests, charges and expenses, induding a reasonable a»omey's fee and cos~s of abstracts af titie, incurred or pa~d a~
~n~ t~n,~~ by s.~d MGRIGAG`E, becavse er in the evero oi the fa~lure on ihe part of the sa~d hSpRTGAGOR to duly, promp~ly and fu11y perfonn, d~scnarge.
.ccure, eflect, ce~np:~~e,.co~nply wnh ard abdr by each and every the stlpulat~ons, agree~nenrs, COn(Irt~0~~3, and covenanrs of satd prom~ssory note and ~n~s
no•~gage a~y or e~~her, a~:d ss.d cosrs, charges ar.d expanses, each and every, sha~l be immed~atety d~c and payab,e; whether or not rhare be ^o!•:: a°
a~:d, atte:r~F~t to <o'iect Or s~it pend~ng; and the ful! amount oi each and every svch payment shafl bea~ interesf from the date thereof uNi~ paid at the
~ ~:,ne ~~e~ c~r.:u~r~ F~•r on~,.:~,; .:nd ~u said cos:s, ci,argas and ixpenses inturred or paid, toyetner w~th such interest, shall be secured by the iian
mo•tgage.
b. That (a) in the event of any brrach of this Mertgage or defau:t on th: part of thc ASORiGAGOR, or ib) in the event any of sa;d sums of money
F~rcin referrad to tr: ~~ot pro~nptty and fully paid with~n th:rty (30] days next artc~ the same severa::y ~•eto~nr Jue and payable, w~thout demand or noticc,
~r c) in the event e~ch and e•ery the shp~~at~ons, agreemems, cond~t~ons and covenants of sa.d pro~nissory note and th,s mortgage any or e~ther are not
~u:y, p~oniptly and f~~iy performed, d,scha~g~.d, exec~ted, effected, completzd, compi~ed wnh and a5~c1~,d 5y, then in enher or any such eveM the sa~d ag-
i-~ gata su~i menr~o;~c:! ~n sa~d pro~n~ssory ncte thrn ~ema.ni~g ur.pa~d, with interest aur~ed, and ~~1 monrys sewred hereby, shall betome due and pay-
_ fertnw~th, or ti,~rra'fcr, at ihe opt~on of said MORTGAGEE, as ful!y arx! comp;erely as if all of 2~1~• 53~d sums of money were onqina:ly st:pu~ated
b•, r.~.d on such d~y, an~thing in sa d p~o~n~sio:y no~e o~ in this hlortgage to the conirary not,v~rhst3nding; and ~hereupon or thereafter ai the op~~on oi
s.i b'102iGAGEE, w~rha~t r.or:ca or demand, suet at law or in equity, therefore or thereoiter begun, may be prosecuted as if all moneys sec~red hereby
r. d matured pr.or to ~ts ~nst~tution.
7. Th;t ~n the event rhat at the beginn:ng of or at any time pending any su~t upo~ th~s Mo~tgage. or to forec!ose it, or to reform it, or to en(orce
;.+.^~ent of any c~,+~~rs hereurd said hIORTGAGEE sha;: apply to the Court having ~unsd.ttlon th_r~of for the appo~nrment of a Receiver, such Court shail
••htiv:th apuo~nt a rcce~.er ot s~~d n:ortgagrd proprrty a:! a:tid singu:ar, inciud,ng ai~ and s~ngvar the i~come, prof~ts, ~ss~es ar.d revenues f~om whatever
s_ o~ce d~•rrved. e~ch ard e~ery of ,,,h.;h, ~t be~nq expressly understood, is F.ereuy mortgaged as if spec~f~cakty set fo~th and desuibed in the granf~ng and
•::end~m c!a~ses her.of, and s~ch Receiver shat! have all the broad and effective f~nct o~ts and po.vecs in any,n;se entcusted by a Co„ri a 4ec~iv¢r, a~d
_=h j, poin:m.ent ihsit b~ made bv xuch Court as an ad~nittrd eguity end a matter of abso:ute r!gM to sa;d A102TGAGEE, and wiaho~t reference to the
!^,~u~cy or inadeqvacJ of tF.~ vaive of the property mortgeged or to the sc~vency or ~nso venCy o1 sa~d MOR~GAGOR or fhe de`~ndants, ar,d that such
,rs, profrts, ~nco.ne, issves and rever,ues shail be appi~ed by such Receiver accord~ng to the iien or equity of sa:d h10RiGAGEE and the pracrice of such
lJUff.
8. To du'y, promF:e!y and fuliy pe~form, d~scharge, execute, effect, complete, comply wlth and ab~de by each and eve~y the stipulations, agreements,
;,nditions and tov~nanrs ~n Sd~CI PfOT6S0l~I note and th~s mcrigage set forth.
9. TF.at in the eve~t the ownership of the mortgaged prem~ses, or any part thereef, becomes vested in a person other than the MORTGAGOR, the
:;)RiGAGEE, irs successors and ass~gns, may, wrthou~ noTrce to rhe 1AORTGApR, deal v~•Irh such successor or wccessor in ~merest w~th reference to this
~~~gege a-d rne debt ~:creby secured in the same mannc~ as with Mortgagor wnhout ir~ any ~vay vit:ating or descharging the l.lorsgagori liabiiity her~
i_•r or ~,•on the debt hereby secu:ed. No sa e of the Fren,ises hereby mortgaged ard no forbearance on the part of the I.10RTGAGEE or i:s successors
.,sz~gns ar.d •~o e.~rers~on of the t~n,e for the payment of the debt hereby secvred given by the NORiGAGEE or its s~ccessors or ass:gns, ~~~all ocerate
~ re~e~sc, dscharge, mod+fy change or affect the er~g~naf lia~.i~ty of the MORTGAGOR herein, either in whole or in pa~t.
l0. Ir iz sr,ec:f~caliy aoreed ~hat ti~ne is of the esse,ue of th~s conr.act and that no waiver of any obl:gation hereunder or of the obtigation se-
;-ed here6y sha'i at any time th:r~•after be hr:d to be a wairer of the terms hereof or of the instrument secured herby.
) S. In c;id t,•~n *o rhe for~;c i.7 ~^or,sh'y p;•;rn,nrs of pri^c pal and interesf req~r.red by the pronrssery r,crr s~-cured hereby, mongagor eovenants
i agrces te pay ro :..•rg,gec ...rh each mor~rh y ~,a~~..e~~r an add~rional su~, ~~sr a:c~ ~~ortyagee to be equal to 1, 12 0{ t~;e annual mst of ihe foliow-
A.-.A!i rcal ~-rope~ry tsx=s le:~~_:', o• ass~,ss_ci ag:f•,sr ~h~ arove descr~brd r~a~ estate.
' 6- Fr:~ ~~,,~:~s o~ hre and w~r.dsta•~n insurarce as ner~~n rrqu;red to be carried on the improveme~ts s~tvate on the above d'cscribed premises.
C-Pr•~~n:~~,~ z o~ s~:h mart~,oe guaranty inwra~ :e as ma tgagee shaif fror^ t me to t~~r.,,• deem f~t to carry on the loan secu:ed hereby.
h'~ortg,qee s^.~ '•c~n t~ ~~e te n:• e r•cr~f; mo~ny;ger in wr.Ting of the a~r.ou~t d~~ and payahle hereundar and such s~~~ Sltdl~ th~~reupon be due and
; i,'e o•~ th~ ci~, c., • ci !h-r r~_.! ^~onth'.~ p;yment and each Successive -nooth thereafter u~:tii mertga~ee sha!I not~fy mo~tgaaor of a thange in wch
~•,,nt S~ch su ns s~ t,e a;;F ~ed i~y mort3ag~x tor.ard the payment of reaf preperty taxes, insuranca prem.u:ns, a~~d mortgage g~aranty insurance
. .•'~iums. .
~ IV \';tTr1E~S :~NER~OF, the sa~d MORTGAGOR has h~reunto set his har.d and sea! the day a~d year first aforesaid.
~ S:gned, Se d and de ' e?ed in the p esence of:
~ ' ~~t! ~ ~ (Seal)
~ ' - ` ~ ~~•~'~F--
, ; ; ~ ~ Harold W. Br atz ~~aq
~ ~ ` -,-<-r ~ ~ ~ (Seal)
~ _ ~ _ Mar ie E. Braatz ~~ap
5-~TE OF fLORIDA ~
St_ Lucie
: ~'JTY OF _ 1
Before me personaliy appeared Harold W. Braatz and
_ I?tar ie E. BYadt Z______ his wife, to me well known and known to me to be
~ ind~v~duals describ_d in and who exec~ted the foregoing instrument, and acknowtedged before me that they executed the same for the purposes
~h~~•ein expressed. And the said_-!~rle E. Braatz
°c of the sa d__HarOld _~'11 Braatz _ _ upon a separate and private
..•n~nat~on by m~ token separate and apart from her sa~d husband, atknowledged to and before me that she executed said instrument freely snd volun-
! ar~d w,tho~t any compulsion, constraint, apprehen/s,on~t fear of or from her said husband.
WITNESS my hand and offic~af seal this___-L= day of ~CtObel A. D. 19 72
~
~
~ ~ ~ _ LG ~~-'yf-[e~ s L~ ~
~
Notary Pub~' n and ior tFy~ State of florida at la~e
My Corr?m n expires:ly«-, G, ~ ri ~ v
Ret~m To:
F;rst Federal Sav~ngs 3 loan Associat~on ~„„i~~:~ z`,' ;"•^.T. - , : - ~ ~ ' !!F f=' 4 ~ 1 q(~~
~'~-JC!Y C!''<•^~^:?1 cXP~!?FS AUu. 6. 197.5
of Fo~r P•: c~ Y~ ~~`•''~•,~~~(~ERqL ~NSURI~NCE UNDERWRITERS~ INC~
Fort P~_,ce. Flcr:d~:i ;t. •
.y . `'~1i - ' ~
' r~u.
" :ry~`~_;. ' ' : . ~ R~~1 f
, . i ~ ;
~,,s : ~ILEO ?ND N r 1~.~. i
- ; , - ~ - 1 ~uc~E co
This Instrument Prepared By RiChard K. Kayes~ . `7 ~ ; ~ " ~ • ppIT1lAS ~
~ - ROCER
First Federal Savings & Loan Association t ~~ERK CtRC'1~1 ~OURj
of Fort Pierce~ Florida ''~'~~V: RECpRpVE~~fIE~
Checked By ..;'.i'~`~ 1O IO 56 ~N
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~ ~~~~x 207 ~uE 3~4
~ 3`~590
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