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HomeMy WebLinkAbout1009 • w • ~ . . • . f y ` , 3_ To place and continuousty ketp on the twi!ding~ now a he+eaftar ~itu~te on said ~~nd and on all cqu~pment ~nd persanally covered by this mor~g- ags, wi~A all premiums thereon pa~d i~ ful!, fire insurance in the uiual standa~d polity form, in ~ sum a.+p~oved by the MORTGAGEE, a~d windatorm ~nsunnce in the uaual ~tanda~d po~~cy form, in a sum approved by Ihs AAORTGAGEE, in such car=pany w compan;es as ~he MORTGAGEE may direth ~nd aU lire aMl w~nds~orm insuronce policiet o~ a~y oi taid bvildinys, any intere~t therein ot pa~1 1he~eof, i~ the aggregatn ium afaesa':d or in ~acess Ihe~eof, ahall contain the uswl itandard mortfla9et clauas w such o~he~ clauu ~s 1M Matyagea may requirs, makin9 the fo~s under ~a~d poli- ctes, e+cA and every, p~yabh ro said MORTGAGEE as its interesl may appear, and each and svery such poticy ~hall be promptiy ass gned a~~d da~ivared to any held by sa~d MORTGAGEE ss furlher secvrity to iaid morlyage debt, and, not leu tMn ten (10) days in ~dvance of the expira~~on of esch pol~cy, to da liver to said MORTGAGEE a ~enewal thereof, topHher with ~ receipt tw the p~emium of tuch renewal; snd thers shall bs no f~re or wind~tor~n in~~rance plscetJ on ~ny of said buildings, any in~erest therein w part thereoi, unleu in tM form and with the losa payable at aioresaid; an~ in the event any tum of money becyncs payable u~der such policy w policies said MORTGAGEE ahall Mve the op~ion to receive a~d apply the sa~ne on account ol the i,~bted- ness tecured he~eby p~ tp permif ssed MORTGAGORS to reteivs and use if w any part ~hereof ior oihc. purposes, .v~+hout thr~eof wa~~~:,3 cr ~„~pair- in9 any epuity, lien or right under or by virtve of Ihis mortgage; ~nd in tM event uid MORTGAGORS shall for any reason fail to keep the said prcmis•:s so insured, o~ fail t0 deliver promplty any Of said potKies of ins4ra~+te t0 said MORTGAGEE, oi iail promplly to pay fully any prem~ur~ thcrcfor w in any .eipect fail to perfwm, d~scharge, execute, effecL complete, comply with and abide by this covenant, a any pa~t hereof, sa~d MORiGAGEE may place and pay fa such insurancs w ~ny part thereof wiehout waiving or ~ffeainq any option, tien, equiry, w~ight under w by vi~tue of rhi~ Morfgage, and thc Iv;i a~r~o~,m of exh and ev~ry s~th psyment shall be immediately dus snd payabls ~nd shall bs+r intereat from ths date thereaf until pa~d at ~he ~ate of n~ne per centum per annum and lo~ethrr with such inierest sh~N be ucured by fM lie~ of this ma!gage. I. To permit, commit ot suffer no waste, impairment or deterioration of ssid property or any part thereof. 5. To pay all and singular the coits, charges and expenses, including a reasonabte +rto.~ey: fee and costs of abs?racts of 1'~~le, Incurred or pa~d at any time by ssid MORiGAGEE, because or in the event of the failur~ on the par~ of the said MORTGAGOR to duly, prompily and fully perfwm, d~xharge, zxxute, ef(ect, complcte, comply with and ab~de by esch and every the stipulations, agreements, condltion~, and covenants of said prom~swry note and th~s . mortgage any w eirher, and taid cosfs, charges and expeiues, exh and every, ihall b~ immediately due and payablr, whether o~ not tAere be nonce dr i mand, attempt to coI1M w auit pend~n9; ~nd ths f~ll amount of each and eve?y a~ch payrrxnt shall bear interes~ from the date thereot until paid at ~he rate of nine per centum per annum; and all said costs, charges and expenses incurred w paid, together w~th such interast, shall be tecured by the :~en of th~i mortgsge. i b. That (a) in the event of any lxeach of this Mortgage or default on the pa?t of the MORTGAGOR, or (b) in the event any of sa~d sums of money herein referred to be not promptly and fully paid r•ithirt thirty i30) days neal after Ihe same severatty become due and payable, without demand or notice, or (c) in the erent each and every the stipularions, agrecmenn, conditions and covenanfs of sa~d promissory ~ote and th~s mortgage any or eiiher are nrn iuly, promptly and fully performed, d~scharged, eaecuted, eifectcd, completed, compl~ed with and abided by, then i~ eitF?er or any such eve~t the sa~d ag gregate sum mentioned in said p~omissory note then remaining unpaid, witA interost accrued, and all moneys secured hereby, shall become due ar.d pay- able forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as ii all of the said sums of money were or~ginally st~putated ro be pa~d on such day, anything in sa:d promissory note or in thi~ Mortgage to the conrrary notwithstarrding; and thereupon or ~hereafter at tht opt~on of sa;d MORTGAGEE, without ootice w demand, suit at isw or in equity, therefo~e or thereafter be8un, may be prosecuted as if all mo~eys secured hereby had matured pnw to its inslitution. 7. That in the event ~hat at the beginn~ng of or st any time pending any suit upo~ this IYbrtgage, or to forectose it, or to reform it, o~ to cnfo?cs paymenf of sny claims Fxreunder, said MORTGAGEE shall apply to the Gwrt having jurisd~c~ion thereof fw the appoimment of a Receiver, svch Court shatl forthwith appoint a receiver of said mortgaged property all u~d iingular, intlud~ng all and singular the income, profits, issues arx! reve~~es irom whatever source de?ived, each snd every of wh~ch, ir beirg express!y undersiood, is hereby mortgaged as if speuficalty tet fath and deuribed in the granring and habendum clauses hereof, and such Receiver shall have all the broad and effective funa~ons and powers in anYwise.~ntruated by a Court to a Receiver, and s~ch appointment shall be made by such Court as an edmitted equity and s rt+atter of absolute righr to said MORTGI[GEE, and witF»uf ~eference to the adequacy a inadequacy of the value of the properry mortg~ged or to the soivency or ~nsolvency of said MORTGAGOR w the defendants, and ~hat such re~~s, profits, income, iuucs and revenues shail be applied by such Receiver accwding to the ~ien or equity of uid MORiGAGEE and the practice of such Court. 8. To duly, promptly and fully perfwm, discharge, execute, effecr, complete, comply with ~nd abide by each and every the stipulations, agreements, conditions and covcnants in said promisswy note and th~s mor~gage xt forth. 9. Thal in the event the ownership of the mortgagea ptemises, w any part rhereof, becomei vestcd in a person other thart the MORTGAGOR, the M.ORiGAGEE, its succeuon and a:segns, may, w~thout notice to tlro MORTGAOR, deal with s~ch successw or successor in interest wirh refe.ence to thls mortgage and the debt hpreby secured in the ume manntr as with Mortgagor without in any way vitiating q dixha~gi~g the Mlwtgagori liability her~- under o~ upon the debt hereby secured. No sate of the premises hereby mortgaged end ~o forbearance on the pa~t of !he MOR7GAGEE w its successors or assigns and no eatension of the +ime fw the paymem of tF~e debt hereby secured given by tha MORiGAGEE or its succeuas or au~gns, shall operate ro release, d~xha~ge, modify change or affect the wiginal liabil~ty of the MORTGAGOR herein, either in whole or in part. 10. It is specifically agreed that time ia of the essence of this contract and that no waive? of any otligation hereundtr or of the obligation se- c~red hereby shall at any time thereafter be held to be a waiver oi the terms hereof o~ of the instrumenl secured herby. I1. In addition to the forego:ng monthly paymenls of princ pal and interest required by the promissory ~ote secured hereby, mortgagor covenants and agrees to pay to mortgagee with each momhly payrnent art add~riona~ sum estimated by mortgagee to be equat to 1/' i2 of the annual cost of the fol2ow- ~rg: A-All real property taxes lev~ed or assessed against the above described real estate. B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improvements situate on the a6ove described premises. C-Premiums on such mortgage guaranty insurar,ce as mortgagee shall from time to time deem fit to carry on the loan secu~ed hereby. Mwtgagee shail from time to time notify martgagor in writ~ng of the amount due and payable hereunder and such sum shall thereupon be due and ~.ayable on the due date of the next moNhty paymeN and each successive month thereafter urtil mwtgagee shall notify mortgagor of a change in such a•.ount_ Such sums sFail be applied by mortgagee toward the payment of reat property taxes, insurance prem:ums, and mortgage guaranty insurance p•emiums. IN WITNESS WHEREOF, the said MORTGAGOR has nereunto set his hand and seai the day and year first afwesaid. gned, Sealed and del'vered in the presence of: ' ~ +0 ~ ' Sesl) - ~ (Seal) ' i (Sesq STATE OF fIORIDA ~ $t . LL1C1@ COUNTY OF Before me personatly appeared Ral~h St18AQZdI1al a~ Evelvn Giangzandi his wife, to me well known and known to me to be ; the individusls desuibed in and who executed the farego"~~y instrument, arx~ acknoyvledged befwe me that they exewted the same fw the purposes ~ ~h~rein expressed. And the uid Eve2yn Gian Yandi r,~fe of the said Ralnh Gianarandi uporra'separdt~ and private examination by me taken separete and apaA from her said husband, acknoviledged to and before me that she exetuted sait~ i~ssttuirfewt,~rQely"and volun- rar~ty and w~rhout any compvlsie~, constraim, apprehens;on, ot fear of o~ from her said husband. ' ~ WITNESS my hand and offiual ual thi sy of Jdllllal ~ q_ pr,~Tq 73 Notary Public in and for the State Fbrida_ at l~ige f IIED A My Com iuion expires: ' T ' Rerum To: MD RECQRDEe NOTARY PU8~1C, STAtE a~f fL01~DA s! LARGE s~• L~CtE COUNT ~ ' first Ftderal Savings b loan Astociation ROCER P r f MY COMMISSI~Ii ~~(QiRES~SEPT. 25, 1975 ~ O( Fo~t P~Erce. C~ERK CIRCUjJ CouRJ ~I Bon~ed By AmericaA Bankers Insurance ..o. Fort Pierce, Florida RECCp~ yE~~~~~o ~ ~ 3 z7 PM'13 - This Instrument Prepared By John W. Coll ins First Federal Savings & loan Association of Fort Pierce , Flor ida Checked By ~ ~1~7 _ _ - - _ ~ ~:~r__F~_ _ . , - ~ _ .