HomeMy WebLinkAbout2038 3. To p•ace and conrinuousiy kcep on the b~~'d~ngs novv ot hereafte~ ~~t~ate on sald ~and and on a!; iq~ip~nent and pe~sonally covered by th~s mor
age, w:ih all premiu•ns thrreon Ha d in fuil, i~re insura~ua ~n the usua~ st~ndxd po'~ty form, in a sum a~.Nru+rd by tha h~uR~ "v%+GEE, and wir.dsto
;nsurance in the ~sval sr~:~dard po~.cy fo~~n, in a su~n appio~ed bt ~he A1•~RTGAGEE, in such co~np~ny e~ co~npames as the At02TGAGEE m
d~rett; and d~l fi~e and w:ndscorm insurante poGr~s on any of Sa~d build•ngs, any intetest there~n or pa~t ih•_reoS, in the aq9~_g~~c s.,~n dio~cs~id
in excess thereof, st~all ;ont..in the usu~t st.,~~:dard n~•ortg.,gae uause or such othe~ c'euse as the P.lertga9~e may rry~~re, meking the ~ess undrr s~~d po
,~es, each and every, pe~~5`.e to sa~d A~ORi"vAGEE as ~is ~ntrrut m~y appear, and each and e.cry such po :c~ ih,il br Nromp~ly ass g~~~d a~~d dr~ivarcd ,
any held by sa~d tAOR1~AGiE as funha~ s•=c~r~ty +o said ~rortga3e debt, anJ, not less ~han ~en (!0) days in ad:a~~ca of ~h_ e¦,~~reT~on of c~ch po!liy, to d. ~
Gver to sa~d MORTGAGE~ a renewnl rhereof, toge~her wifh a rete~pt for the premium of wch renew~; a~~d there sf:a~i be no i~re or ~~:~r;lsto~m insuranc
p!aced on any ~f sa:d build~•,gs. any ~nterest there~n or part thereoF, un!ess in ihe form and vvrth the loss pava~~e as aforesaid; a~d in fhe evenl any sun
of money beco~nes payable undrr wch pol~cy ar poLcies sa~d MORTGAGEE sha11 have ~he op:~on ro r~o:~.e ::~'.d api~'y t~~~• sa~ne on accovnt oi the ind~~bt~-d
ness secured hereby or to pen„~t s3~d PApe2TGAGORS io ~ecc~ve and use it or any p~r~ rh_.eof ic~ o:~~• ~ y,.,:: ~z~ s. :..r~ ~,;t t1~ u: ,7
~ng any eq~ity, tien or ri~ht und•~r or by virtue of th~s mc::gage; and in the eveN Sa d hIORiGAGORS sh.~!I `.or any reason (ai? to kecp the sa~d pre~nis~s so
insur.~d, or f~il to dc!ivcr pranptly any oi saEd ~oLtic•s oF inw~ance lo sa:d MORTGAGEE, or f,:i' p:cmpt~y to F,ay fu:;y any ~ve~n~~rn thcr~for o~ ~n any
respect 1ai1 to perform, dis:ha.ge, e:ecute, e~irc~, canpleta, comply wi~h and abide by this toven~nt, or any parl h~~reof, s.+~d Ml:'RivtiGEE may p~ace a^d ~
pa~ for such insur.,nce or any part thereof w~~hour waiving or affecring a~y option, lien, equny, or r~~ht ~nde~ o~ b~ vi~tue of th~s htortgage, and thc
full amo~M o( each and e.ery wch payn~ant shall be immediate!y dve and payoble and shail baar in!erest from fha da~e Ihereof ~ntil p:,id at the rate o1
n~ne p~r centurn pe• an~~m dnd tG3,~h:r w~!h such int~~r~~st shaii be S.:~red by the lien 01 /hi3 mortgege.
4. To permit, commit or suSter no waste, impairment or dcter~orat~on of said property or any part thcreof.
5. To pay all and smgu'ar the cosrs, charges a~~d expenses, ~ncluding a reasonabfe attomev's fee and cosrs uf absvacts of titie, incur.ed or pa~d ar
~nr ti«:e by s~~d MO°1GAG:E, beca~se or in the event of the fa~lure on thr part of the suid h10RiGAGOR ro duly, pranptly and fully perfonn, d~scha~ge.
cufe, effect, cemp!ere, co•nNly w~th and ab.dr by each and every the stipula~~ons, agrecn,enes, cond~tions, and co~enanrs of sa~d pran;>sory note a~~d fhn
-~~xrgage any o~ e~ther, a~fd so d cosrs, cha~ges and expenses, each and every, shall be immediatety due and payat,:e; whether or not there be nof~ce da
r,,,~,d, atternpt to co:lect or suit pendr.g; and the f~!! amount of each and every suth payrt:rnt shall bea~ imcrest Irom fhe date thereof uroil paid at the
o` n~ne uer c~~~tu•~. f~~r o~nw .::~d a~i sa;d costs, cF,a~ges and ~x;;enses incurred or pa~d, sogesher w,th wch interrs~, sha~l be setured by the i~rn oi th:s
mcrrgage.
6. That (al in the eveM of any 6reach oi thls Mortgage or defauft on ths part oi the M.ORTGAGOR, or ;b) fn the event any of sa:d sums of money
h.•rein referred to br not Fro~~~prly and tully paid w~thin tn:rty (30) days ne.+t aTte~ ~he same severa'ly becane due and payeb!e, without demand or ~orice,
~r ~c) in thr event each and ev~ry the stiNu:ations, agreements, cond~tio~~s and covenants ot sa.d pro~,u,so~y noT~ a~~d th,s mortgage any or either a~e not
i~ty, prompNy and tul:y performed, d,scharg~d, e,cecurad, effected, compteted, complied with and ab~ded 5y, then in e~ther or any such evem the sa~d ag-
~r•,ga!e sum ment~o:,rd in sa~d prom~ssory note then ~emaining unpa~d, with interest accrued, and au monrys secu~ed hereby, shall becorne due and pay-
ar, e forfhwith, or rherealre~, at the opt:on of sa~d MORTGAGEE, as futly and comp:efely as ii all of the sa~d surns of money were or~ginai~y st.p~:ated
to b~ pa!d on such dcy, ar.y~hing in za.d pron~ssory nore or in this Mortgage ro the comra~y nor.v~shs~~~~d~ng; and there~pon or thereafter ai the op~~on of
s=..d MORTGAGEE, ~o~~ho~t no~~ce or Cleman~l, surt at law or in equ~ty, therefore or thereaf~er begun, mJ'r ~@ PfOSGCU~CfI as ~f all moneys secured hereby
r,: d matvred pnor to ns i:unt~t~on.
7. That in the event that at the beginn~ng of or at any ti~ne c°nding any su~t ~pon th~s Mortgaga, or to foreclose it, or to reform it, or to enforce
;:ayment of any tiaints hereund~r, said h40RTGAGEE shal! app!y to the Court having ~unsd:aion the~eof for the appo~ntment of a Rece~ver, such Court shail
t~.~~h.wifh appoiM a receiver of said mortgayed property all and singu~ar, intlud~ng a~i a~~d s~ng~lar the ir.ceme, profds, issues and ~evenues trom whatever
~:,r.ce derived, eac6 and every of whlch, it ~~nq express!y understood, ia hereby mortgaged as if spx~fica„y set forth and dexribed in the g~aniing and
!!,endum c!a~ses hereof, and such Receiver shaii have all the broad and effective funct.a~: and po.yers in anyvv~s~ entrusted by a Court to a Receiver, and
s:h appointmem shal! be made by s~ch Court as an ad:nitted equ~ty and a rratter of abselure r:ght to said MORTGAGEE, and w:tfiout reierence ro the
~.:_quacy or ~nadeqvacy o4 the vafue of the prope~ry mortgaged or to the so~venty or ~nsc.ve~cy ot sa~d MORiGAGOR o~ the de~endams, and th;t such
ns, prof~ts, inco.ne, issues and revenues shaii be appiied 6y such Reteive~ accord~ng to the licn or equit~ ol sald f~t~RTGAGEE and the practice of such
Court.
8. To du!y, promptty and fully per'o.m, d~scharge, execute, effect, complete, comp;y w~+h and abide by each and every the stipuiations, agreements,
~or.ditions and covenams in said promissory note and this mortgage set forth.
9. That in the event rhe ownersh~p of the rnortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the
~RTGAGEE, its successors and ass~gns, may, withou~ notice to the ,1M1ORiGPOR, deat wiih such successor or successo• in interest wlth reference to this
<rt5age and the d_~t hrreby sec~red in the same rnanner as with tdortq~gor without in any way vitlatio.] or d!scharg~ny the Mortgagors' liability here-
,.-~er o~ upon the debt hereL~ secu~ed. No saie of ~he Fren•,nes h:reby mortgaged ard no forbearance on the pari of the MORTGAGEE or its successors
or ass~9ns ar.d no exten;ion o+ ;he tin,e for the payment of the debt hereby securecS g~ven by the IdORTGAGEE or its wccessors or asrgns, a~tiall operate
ro :e!r~se, d~scharge, mod~fy ~hange or affect the orig~nal liau~l+ty of the h10RiGAGOR herein, either in whole or in part.
10. It is spec~f~catiy ag•eed that t1:ne is of the essence of th6s confract and that no waiver of any o6~;garion hereunder or of the obligation se-
c~red hereby shal~ at an~ time rh~r<after be he!d to be a ~va~rer of the terms hereof or of the instrument secured herby_
11. In aud r.o ~!o ti:e torege n~ mo~~th'y uayments of print pal end interest requ~red by the prom sscry no'e s~cured herebf, mertgagot eovenants
d egr_ES to Nay to n~,;.-!uagee v.~th each n~cn'hly pa~r.;ent an adJ~rional s~m est.~~~.ated b~ mortysgee to be equai to 1 12 of t~ie annual cost of the follow-
A-All rea! F:roperty tax_s !e~nc:: or ass•~ss_ci ~g.ai•~st th~ a6ove desc~i~ed real estare.
' 6 Pr;~~,~;,~~,s e:+ iir.~ a~;d v.~ndsto-•n inwra•-ca as ii~~rein r.qu;red to be tar.;ed en thc ~m;;roveme~ts srtuate on th~ above d~sc~ibed premises_
C-Pre~r~iums o~ such r,urtgage guar.~niy iesuracce as mortgagee shall fro~r. t me to t~me deem fit to ca~ry on the loan sec~red hereb~.
Mortgagee sha l frar, t~ nc to t~me not~fy mcrtgager m wr~r~ng of the amou~t d~e and payable hereundar and such surn sha!~ thereupon be due and
~ .~sble on the @~r d: ~e oi ~ha n~~rt n,onth:r paym~r,I and each s~ccessive month thereaft~r ur.t~! mcrtgagee sha!I not~fy mortgagor o4 a change in such
i ~
~ ~uni. S~ch su~r:s s~ a.: i:e a~~,1~~;! 6y rncrigay•;~ toward the payment of real property taxes, msurante p~m,ums, and mortgage guaraMy i~wrance
j , ,,,,ni~ms.
l
; IN \VITNESS YlHER~OF, t'r.c said h10RTGAGOR has hereunto set his hard and seal the day and year f rs afor said. ~
~ n Signed, Sealed a delive d in the presence of: ~ ~
! ! ~ t. ~ ~ (Seal)
- = Gerha ,ieling ,~a,~
cSeaq
~ 8 ~ lSeap
5 ~ aTE UF FLORIDA 1
}
~JU'JTY OF (
Before me personalfy appeared - ~~hal~ SiAl~l~ and
]~8I'~Oll ~J~el~ his wife, to me well known and known to me to be
rn: ind~viduals descr~bed in and who exec~ted the foregoing instrument, and acknowfedged before me that they executed the same for the purposes
rhe.e:n expressed. And the said__-__._ ~ri~T1 Sieling -
r;~fe of the saia Gerhard Sielinu _ upon a separate and private
e.am~nat~on by me taKen separare and apart from her said husband, acknow{edged ro and before me that she executed said instrument freely and volum
~~-~ly ar.d w~thout any compu'sion, cons~raint, apprQ~n~n, or fear of or from her said husband.
WITNESS my hand and offidal seal this- ~ - day of 0~81' , A. D. 19-L
~ _ ,
~ otary P~btic in and fo the ~Stat~ of Florida at Large
~ My Commission expire : 2 f~ `
J J
L Return To:
~ first Federal Savings b toan Association =S
'ii., t
Of Fu~r P.•c~:. a.~•.~
~ Fort P~-"ce. Flcr~;le ' ~~~P~~~ trt,~.
~ '•.~y, F lE0 ~?yD RECaRDED
~ QT~. ;t Y'•'~. = S~,lUC1E COUNTY fLA. l\
~ : : ~1 ROCE~ ?OIS~AS
CIEAK C~RCJIT COURT
Thi; Instrument Prepared By R.R. R83A8~ * f~~F~ y~'R~ftz4
First Federal Savin s& Loan Association -
of Fort Pierce ~ F7.OT~d8 ~f.~~'•p U " ~ fL~j Zj ZD ~ ~TZ
7r IAr
. .
Y ~ >
Checked B ` ~y
• !l.'~ , 2~alS6
~Ut~R~O~ rn~E2037
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