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3. To ptace and continuously keep on the bui!d~ngs now w hereafte~ iituate o~ said land and on all equipment and perso~ally cove~ed by this ma ~
age, with all premiums thereon paid in futl, ti~e insurance in the usual standard po~icy iorm, in a sum approved by the MORiGAGEE, and w~ndsto
insurance in ?he usual s~anda~d pol;cy form, in a sum app~oved by the MORTGAGEE, in such compa~y or companies as the A10R~GAGEE m
dired; end all (ire and windstorm insurante pt?~icies on any of said build~ogs, any interest therein or part thereof, in the aggregate sum aforesaid
in exces~ Ihereof, shall c.x+tain the usual atandard mw~gagee clause w such other ctauie as the Mortgagee may requ~re, makiny the loss under sa~d po
cks, each and every, payable to said MORTGAGEE as its interest may appea?, and Nch and every wch policy shall be promptty ass.gned and de~ivzred ~
any held by said MORTGAGEE as funher secur~ty to said mw~gage debt, and, not less fha~ ten 110) days in advance of the expiration oi each poi~cy, to d~ j
liver to said MORTGAGEE a renewal Ihereof, togetha with a rece.ipt for the premi~~m of suth renewal; and there shall be no i~re o~ winds~or~n insurant
plated on any of said buildings, any inleresl therein w part thereof, unless in the form and with tht loss payable as aforesaid; and in the event a~y sun
of money becomes payabte ~ndN such poli<y a po~icies said M~RTGAGEE shall have the op~~on to receive and apply the same on account oi the indeb~ed
ness secured hereby or to permit said MORTGAGORS to reteive and use it a any pa~t thercof for oti~c~ pur~~oses, ~•:t~ho~t thr.or ...:i~~,~g or ~~up.:~r
ing any equity, lien or right under or by virtue of this mo:tgage; and in Ihe event said MORTGAGORS shall for any reasa~ iail to keep iE« said premisrs so
ins~red, w fail to delive~ promptly any of said policies of insurance to said MORTGAGEE, or fait promptly to pay fully any pre~nium theretor or in any i
resped fail ro perform, discharge, execute. effect, complete, comply with and abide by this covenant, w any part hareof, said MORTGAGEE may place a^d ~
pay fw suth insurance or any part thereof without waiving or affecting any option, lien, equity, or right under w by virtue of this Mortgage, ar.d the ~
tull amount of each and every such payme~t shall be immediately due and payable and shall bear interest from the date thereof until paid at the rate of
nine per tentum per annu~n and together with such interest shall be secured by the lien o( fhis mortgaga.
1. To permil, tommit or suffer no waste, impairmen! p deterioration of said property or any part thereof.
5. To pay all and singular the costs, charges and expenses, i~cluding a reasonable aftorney's fee and costs of abstracts of title, incu~red or paid at
any time by said MORTGAGEE, because w in the event of the failure on 1he part of the :aid MORTGAGOR to du~y, promp/ly a~d fully perfwm, d~scharge.
execute, effec~, comptete, comply with and ab;de by each and every the stiputaiio~s, agreements, conditions, and covenants oi said promissory note and this
mo~tgage any or eiiher, and wid costs, charges and expenses, each and every, shall be immediately due arxl payabte; whether or not the~e i~e ::~:~ce dr
mand, attempt to collett or suit pending; and the ful) amounl 01 each and e~ery such paymeN shall bear interest from tht date thereof unlil paid at the
raie of nine per czntu~n per an~~um; and all said costs, charges and expenses incurred or pa~d, together w~th such interest, shall be secured by the lien of this '
mortgage. ~
6. That (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, w(b) in the event any of said sums of money {
herein ~efe?red to be not pranptly and (~Ily paid within thirty (30) days next after the same seve~ally become due and payable, wi~hout demand or notice, M
or (c) in the event each and every the stipulations, agreemeNS, co~ditions and covenants of sa:d promiswry note and th~s mortgage any or either are not
~u~y, promptly and iully periwmed, d~uharged, executed, elfected, completed, compl~ed w~~h and ab~ded Sy, then i~ either or any such eveM ~he said ag
gregate sum mentioned ~n said promissory note the~ remaini~g unpaid, with interest actrued, and atl moneys setured hereby, shall become due and pay-
able forthwith, w thereafter, at the option of said MORiGAGEE, as fully and compfetely as if all o( the said sums of money were originat~y stipu~ated
to be paid on such day, anything in sa:d p~omissory note or in this Mortgage to the con~~ary notwithstanding; and thereupon w thereafter a1 the op~ion of
said MORTGAGEE, without notice or demand, suit at law or in equity, therefore w thereafter begun, may be prosetuted as if all moneys secured hereby
nad matured pnor to its ins~itution. '
7. That in the event that at the beginning of or at any time pendirg any suit upo~ this Mortgage, or to foreclose it, or to reform it, or to enforce
payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisd~ction thereof for the appointment of a Receiver, such Courf shafl
Fo:thwith appoint a receive~ of sa~rS mortgaged property all and singular, includ~ng alt and singular the income; profits, issues and revenues from whatever
s~urce derived, each and every oF wh~ch, it being expressty understood, is hereby mortgaged as if sp~cificatly set fwth ~id•delcribed in the granting and
habendum clauses hereof, and such Receiver sha11 have all the broad and effective (unct~ons and powers in anywise entrosted by a Courl to a Receiver, and
s~ch appointment shall be made by such Court as an advnitted equity and a matter of absol~te right to said MORTGAGEE, and witho~t reference to the
adequacy or inadequacy of the va~ue of the property mortgaged or to the sotvency w insolvenc~r of said MORTGAGOR w the defendants, and that s~ch ~
re~,rs, profits, inco~ne, issues and revenues shall be applied by such Receiver according to th!`Tie~~ oi equity of said MORTGAGEE and the practice of such
.
Courf.
8. To d~ily, promptty and f~Ily prrform, discharge, execute, effect, complete, comply with and abide by each and every the st;p~~Iations, agreements,
conditions and covenants in sald promissory note and this mortgage set fath. '
9. That in the event the ownership of the mortgaged premises, or xny part thereof, becomes vested in a person other than the MORTGAGOR, the ~
h10RTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successw or successw in interest with reference to this
n,ortgage and the debt hereby secured in the same manner as with hb~tgagor w+thout in any way vitiating or d+scharging the Mortgagors' liability her~
under or upon the debt hereby secured. No sale of ihe premises hereby mortgaged artd no forbearance on Ihe part of ~he MORiGAGEE or its successors
or assigns and no exte~sion of the time for the payment of the debt hrreby secured given by the MORTGAGEE or its successors or assigns, ahall operate
ro release, d~scharge, modify change or afiect the orig~nal liability of the MORTGAGOR herein, either in whole or in part. E
10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligation se-
cured hereby shall at any time thereafter be held to be a waiver o( the terms hereof or of the instrument secured herby.
11. In add~tio~ to the forego'ng monthly payments of princ'pal and interest required by the prom~ssory no!e sc:ured hereby, mortgaoor covenants s
and agrees to pay to mo:tgagee v~ith each monrhly payr,~em an add~rional sum est~mated by mortgagee to be equal to 1;`12 of the annual cost of the follow- i
ing:
A-All real property tazts levie~ or assessed agai~ast the above des~ri5ed real estate.
B-Premiu~ns on fire and windsto:m insurar.ce as he-ein requ~red to be car~ied on the improvements situate on the above described premises.
C-Premiums on such mortgage guaranty insurance as mortgagee sha{I from time to t°^+e deem fit to carry on the loan secured hereby.
~I Mortgagee sfialt from time to time notify mortgagor in writing of the amoun! due and payable hereundrr and such sum shall thereupon be due and
k ayable on the due date of the next moNhiy paymeM and each successive month thereafter urlil mortgagee shall notify mortgagw of a change in such
a~~~o~nt. Such sums shall be applizd by mwtgagee tov~ard the payment of real property tazes, insurance prem;ums, and mortgage guaranty insurance
I premiums. j
~ IN Y~ITNE55 NHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day an~'y~a~ first aforesa~if ~
Signed, Sealed and delivered in the presence of: ~ ~j /
S
Felix S. ~~t~owitz ~a~~ ~
(Seaq }
~ ~ ' . ~ (Seal)
~len Bunkowitz
S i ATE OF FIORIDA
' O ~ ~
COUNTY OF -
Before me personatly appeared F'' X ?S B1.1I11{pW1tZ and
_ HP~ Pil B~nkowi t2 his wife, to me well known and known to me to be
the individ~als described in and who executed the foregoing Instrument, and acknowledged before me that they exetuted the same for the purposes
therein expressed. And the said Helen BU211{OWlt'.Z
w~fe of the said Felix S. OW1tiZ upon a separate and private
examinat~on by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrume~t freely and volun-
tarily and without any compulsion, constraint, appreheni fesr of w from he said uaband.
WITNE55 my hand and official seal this day of ~C er A. D. 19 7~
~ Notary Public ' and for the tate of Florida at Large _ ~
,(Ihr--.C~~t expires: / g ~3
Retum To: . ?t-;
First Federal Savings 3 Loan Association
. i
~ t {
Of Fort P~erce. : , ; ~.F!'a
~ 'a1'f,~"'`• ~y
Fort Pierce, Ffor~da . , . ~ F LEO AMO RECOROEO
: ~ - ~ S~. LUCIE COUMTY FLA.
_ : 1. .
~ • - ~ ROCER POITRAS
'
- ~ ' ~ " CLERK Ct~CUIT COUR
-~t c ~ ' ?'ra'i ~ C
RECORO V~a~~iEO
This Instrument Prepared By R. L. C 811 aYlari " ~..r.i,~~'~+~'} t; "
First Federal Savings 8~ Loan Association ~ WI 1~ p 45 M~lZ
of Fort Pierces Florida ,?~,~~~~-C, .
Checked BY ' ~ r , , ` ' •
24~266
" B~oK 207 Fh~E 1340
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