The URL can be used to link to this page

Home My WebLink About2344 3. To place and continuously keep on tF~e bu~:dings r~ow or hereafter situate on sa~d Iand and on atl equipmenl and persona~ly cove~ed by ~his mw age, w~th all p~emivm~ thereo~ pa:d in iu!i, fire insurance ~n the usual standard po~icy form, in a sum app+oved by ~he MOR~vAGEE, and windsto ~nwrante in the usual standaid pol,ty form, in a sum appro~ed by the MORTGAGEE, in such company or mmpae~es as the MORTGAGEE m d~rect; and all ii~e an~ windsto~m ir.wrance policies on any of said build~ngs, any interest therein or par? the~eof, in the aggreqa~e sum atwesaid , in excess thereof, shall contain the usual itandard mortgagte clause or such o~her tlause as the Mortgagee may req~~re, ma?ing the ~css undar sa~d po des, each and every, payobte to sa~d 6tORTGAGEE as ~is interrst may appear, and each and every such po;fcy shail b¢ promptly ass gned and de~iveied ~ any held by said MOR(GAGEE as fu~ther security to said mor~gage debt, and, not less than len (10) days in advmue of the expirat~on of each poGCy, to d. Irver to said MORTGAGEE a re~ewal thereof, toqe~her with a receipt fw the premium of such renewal; and there shall be no f;re o~ windsto~m insu~a~c placed ot~ a~y of said buildings, any intcrest Iherein w parl thereof, unless ~n the form and with the ~oss payable as aforesaid; and in the eve~1 any sun of money becomes payable under such po~iq o~ pol~cies said MORTGAGEE shall have ~he option to reca~ve ~»d apply the same on accoun~ o( the i~~dabtrd ness secured hereby or to permit sa~d MORTGAGOR$ ro receive and use if or any part the:eol tor o:i~•:r s.wF osrs, v+~+i,:~~t th~~~ or w::~~~ or u+~p~~~ ing any equity, lien or right under or by virtue of fhis mo:'gage; and in the event sa~d MORTGAGORS shall Sor any reason fail to keep the sa~d premisrs so ~nsured, o~ fail to deliver promptty any of said pol~ties of insurance to said MORTGAGEE, or fa~! p:cmptly to pay fully any pre~niurn thcrefor or in any ~espect fail to perform, d~scha~ge, eze.utr, efiecl, complete, comply with and abide by th~s cove~.~n~, or any part hareol, said MGRTGAGEE ~+ay pfate a~~tl pay lor such insurance or any part thereof without waiving w affecting any option, lien, equity, or r~ght under or by virtue of this Mortqage, and the full amount of each and every s~ch payment shall be immediately due and payabte and shall bea~ interest from tha datt thereof until pa~d at the rate of mne per centum per annum acc cogether with such interest shali be srcured by the lien of th~s mortgage. 4. To permit, commit or suffer no waste, impairment or deterioration of sa~d property or any part Ihc~eof. 5. To pay all and singular the costs, charges and expenses, including a reasonab?e attorney i fee and ~osts oi abstracts of title, incur?ed or paid at any time by said MORiGAG:E, because or in the event of the fa~iure on the part of ~he said MORTGAGOR to duly, promptly and futiy perform, d~scharge. :,eecute, e~fed, comptete, tomply with and ab:de by each and every the stipulations, agreements, conditions, and covenants of sa~d pranlssory nete and thls :~~ortgage any or e~ther, and sa[d costs, charges acd expenses, each and every, shall be immediately due and payable; whether o~ not there be notice d~ mand, attempt to collect or suit pend~ng; and the fuf~ amount of each and every such paymenf shall bea. interest from the date thereof untit paid at the ~.ve of nine per centum ~,.:r a~u~u:n; ard alf said custs, cnarges and ezaenses incurred or paid, together w~th such interest, shall be secured by the lien ol th~~ ; i mortgage. ' ~ 6. Thal (a) in the event of any breach of this Mwtgage or default on the part of the MORTGAGOR, or (b) in the event any of sa:d sums of money ~ herein referred to be not promptly and fu:ly paid within thirty (30) days next aite~ the same seve~a!ly become due and payable, without demand or notice, i er ~c) in thr event each and every the stipu.ations, agreements, conditions and covenaNS of sa.d promissory note and th~s mortgage any or either are no1 iuly, p~omptly and fu~ly pe~formed, d,scharged, executed, effected, completed, complied wi~h and abided 5y, then in e~ther w any such event ~he said ag ~ gragate sum mentioned in said promissory note then remaining unpa~d, wi~h interest accrued, and ail moneys secured hereby, shall become due and pay- ~ ao~e forthwith, or thereafter, at the opt~on of said MOrZTGAGEE, as fully and complerely as ii all of the soid sums of money were or~ginally snpulated to be pa~d on such day, anything in sa:d prom~ssory note or in this Mortgage to the contrary notwithstanding; and there~pon or thereafter at the option of sa~d MORTGAGEE, without notice or demand, suit at law or in equity, therefore or thereaiter begun, may be prosecuted as if all moneys sec~red hereby r;ed matured pnw fo its instituhon. 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, or to foreclose it, or to refo~m it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurnd~uioo thereof for the appo~ntment of a Receiver, such Court shail forthwith appoint a receiver of said mortgaged property all and singular, indud~ng a{I and singular Ihe income, orof~ts, issues and rpvenues (rom whatever source derived, each and every oi wh~ch, it bei~g expressly understood, is hereby mortgaged as if spec~fically set fo~th and described in the granting and hai~endum clauses hereof, and such Receiver shall have all the broad and effective funct,ons and powers in anywise entrusted by a Court to a Receiver, and s..ch appointment shaft be made by svch Court as an admined equity and a matte~ of absolute right to said MORTGAGEE, and without ~e(ere~ce to the adeyua.y or inadequaty of the vatue of the property moitgaged or to the so~vency or insoivency of said MORiGAGOR or the defendants, and that such r~•~vs, profits, incane, issues and revenues shali be applied by such Receiver aceordmg to the lien or equity of said MORTGAGEE and Ihe practice ol such CourL 8. To duly, prompt'y and fully perform, discha~ge, execute, effect, complete, comply with and abide by each and eve~y the stipulations, agreements, :ondit~ons and tovenants in said promissory note and this mortgage set forth. 9. That in the eve~t the ownership of the mortgaged premises, or any part ihereof, becomes vested in a per~n other than ihe MORTGAGOR, the :10RTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deaf with such successor or successw in interes? with reference to this n~ortgage and the deot hereby secured in the same manner as with Mortgagor without in any way vit:ating or discha~ging the Mortgagors' liability her~ under or upw~ the debt hereby secured. No sale of the premises hereby mortgaged and no iorbearance on the par~ oi the MORTGAGEE or its svccessors o~ assigns and no exre~s~on of the time ior the payment of the debt hereby secured given by the MORTGAGEE or its successors or au~9ns, ahall operate to retease, d~xnarge, modify change or affect the arig~nal liabitity of the MORTGAGOR herein, either in whole or in part. 10. It is spec~ficaily agreed that time is of the essence of this contrau artd that no waiver oi any obligatien hereunder or of the obligation u- cured hereby shal~ at any time thereafter be held fo be a waiver of the terms hereof w of the instrument secured herby. I 1. In aoditio~ to the forego ng monthly payments of princ pal and interest required by the prom[sscry ~ore secured hereby, mortgagor tovenants a+:d agrces to pay to n:ortgagee v~ith each month!y payn,ent an add~~ional sum est~n,ated by mortgagee to be equal to 1;- 12 oi the annual cost of the follow- ng: A-All real property taxrs levie~ or assessed agai•ist the above described rea~ estate. B-Prr,:~v:ns on fire and windsrorm inwrar.ce as here~n requ;red to be carried on the imrrovements situate o~ the above described premises. C-Premiums on such mortgaqe guaranty ir.surance as mortgagee .shall from tfine to time deem fit to carry on the loa~ setured hereby. i Mortgagee sha~I '.:om time to time notify morryagor in writing of the amount dve and payable hereundar and such sum shall thcreupon be due and { ~~able on the d~e uate of the next month:y payment and each successive month thereaftc~ ur.til mortgagee shall notify mortgagor of a thange in such ; ount. Such wms sha:l 6e app:ied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurante ~ ;~•emiums. ` IN Y~ITNES 'NHEREOF the sa MOR7GAGOR has hereunto set his hand and seal the day and ear first aforesaid. . ~ nd deliv ir~ e presence of: ~ ~ ~ '1 ~ (Sean wi s M. Zar in Sr . ~~,q (Seal) Re a Zar in ~~ai~ S~ ATE OF FLORIDA 1 . COUNTY OF SL . Lti1Cl@ ~ ~ Before me personaliy appeared ~~15 M Zaring, $Z. a/k/a j.O111S I~'~. Zaring ~$I. and _ Reba Zaz ing his wife, to me wel~ known and known to me to be rhe individuals described in and who executed the foregoing instrument, and acknowledged before me that they execute~~~th~~~rrw,~fythe purposes rherein expressed. And tbe said Reba Zaz ino ~.•~;,T N~fe of the said ~~1S M. Zaring, $r. a/k/a T.OU1S M. Zaring, $Z. • u '~l'~e s~ ~g and ~vate s ' P~ia. ,P ~ , Pr examination by me taken separate and apart from her said husband, atknowledged to and before me that she exetutAd,daid ip{t~rPgnt'f~eet~/•.and volun- tar~ly and without any compulsion, constraint, appreh nsi n', Lw fear of or from her said husband. ~l~ ~ • : WITNESS my hand and official seal fhis ~~`~'11 day of ~ I{i. D.=19~~ . . • ~ " - ~ . - c ~t ~ Notary Public in and fw' tl~r ate o~ {d?i a pf ge ~ My Commission eapires: ~ • . . - Y ~ Return To: NOTARY POEIiQ, STATE Ot FLORIDA st LAR6E ~ First Federal Savings 3 loan Associat]on MY COMMISSIOM EIIPIRES SEPT. 25, 1975 ~ ot Fo~~ P,e~cn. gunded gy pmerican Bankers Inwronce ~.o. Fort Picrce, flo~ida FIlEO AMD RECOROEO ST. LUCtE COUNTY fLA- C ROCER POITttAS This Instrument P~epared By RiChard K. Kayes CIEf+K Ci;~CUlt COURT First Federal Savinys 8~ loan Association P.ECORD VEFtFIED of Fort Pierce , Florida ~j 31 12 45 PH • ?y Checked By - ~„4102 I ~~~~2~1? VACE2343 - - - - - - _ ~ . . - - F ,