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HomeMy WebLinkAbout1331 3. To place and continuously kaep on Ihe bui!dings now w he~ea(re~ s~tuate on ~aid land a~d on alf equipment and pena+aily covered by lhis mortg~ sgs, with all premiums thercon pa~d in full, (ire in~urance in Ihe ~sual atand~rd po~icy form, in • sum app~oved by the MORfGAGEE, and w~ndstorm insuronce in the ~sual standa~d pof~cy fo~m, in s sum appro~ed by th~ MORTGAGEE, in tuch corr+pany w companies a~ fhe MORTGAGEE may dErec~; ~nd all fire and w~ndaro~m insurante policies on any of ~aid build~ng~, any intere~t there~n or par~ thereof, in the eggrega~e aum aforesa~d or in exceu thereoi, shall con?ain 1he usual ~landa:d mal9ag~e cl~use w such other tlav~e as tht Mo~tgagee may requi~~, makin~ 1hs lou unda se~d poli- ues, each and every, payable to said MORiGAGEE as itt inrerest may appear, arrd each and every ivth policy shall 6e p~omptly afs gnrd and del~ver~d to eny held by said MORTGAGEE ~s turther security to said mortga9e debt, and, no~ leu than ten (10I dayi in advance of the expiratio~ ot each policy, to da Irve~ to said MORiGAGEE a renewal the?eof, foqe~Mr with a receipt fo~ the p~emium ot tuch renewal; and ~hero shaN be no f~re o~ »indsto~m ins~rance plxed on any of said buildirgs, any interest thcrein or par~ thereof, unleu in th~ form a~d with the lou payable at atoresaid; and in ~he event any sum of money bccomes payable unde+ such policy or pol~cies said MORTGAGEE shall have the opt~on to receive and apply the ume on accouni of the in~ebred- ness secu?ed t+a~eby w ro permit said MOATGAGORS to receivs and uss it w any p~r~ thereoi for ofher purposes, v.~~ho~t tha~.o~ .va~~i.,g or ~~npwr- ing any equ~ty, I~en a riqht under or by vi~tue of this mo:sgsge; ~nd in tha event sa~d MORTGAGORS shall fo? any reason fail to keep the sa~d p.em~s:s so ~~sured, o~ fail to deliver promptly any of aa+d poliues of insurance to u~d MORTGAGEE, w Fail promptfy to pay lulty any pre~»ium therefor or in a~y respect fail ro perfwnt, d~schuge, execute, effect, complete, comply with and abide by this cove~aro, w any part he?eof, sa~d MORTGAGEE may ptace a~~tl Fay (w such inau~ance or ~ny parl thereof without wsiving or affectiny a~y option, lien, equ~ty, w?ight under or by virtue of this Mortgage, ar.d !ht 4ull amounl ot each and every s~ch payment shal! be immediately dve snd psyable and shall bear intereat from tho date lhcreo( until paid at Iha ra~e ol n~ne per crnfwn per annwn and to~e~her with such infere~t shaii be secured by fhe lien of this matgaga. ~ 1. To permit, commit w suffer no waste, impairment p deteriotatio~ of said property w any part thereof. 5. To pay all and singulu the costs, tharges and expenses, including a reaso~able attorney i fee and costs of abstracts of title, incu~+ed os pa;d a~ any lime by said MORTGAGEF, betause d in !h! even! of the failure on the oart of the said MORTGAGOQ to duly, promptly and fully perfotm, d~xharge. execute, effec~, complete, comply with and ab:de by each and every the stipul~~ions, sgreemenfs, cond~tions, and covenants of sa~d promissory note and ~his mortgage any or either, and ia~d coats, charges and expensts, each and every, shall be immediately due and payable; whether a not there be no~~ce dr mand, attempt to tolled pr iuii pend~ng; and the full amounl of each and every wch payment shall bea~ interest from the datp thereof until paid ai the •~ie oF n:ne per centum per anuum; and alt said costs, charges and expenses ~ncurred or paid, together w~th such interest, ahall be secured by ihe 6en of th~s mortgage. 6. That (a) in the event of any breach of this Mortgage o~ default on the part of the MORTGAGOR, or (b) in tF~e cveM any of said svms of money herein referred to be not promptiy and fully paid wi~hin th~rty (30) days next after the same severally become due and payable, without demand w no~ice, or (c) in the e~:ent each and every the sfipvlations, sgrcerrKnls, cond~fions and covenants of sa~d promissory note and th~s mortgage any w e~ther are ~ot iuly, promptly and fully perfwmed, d~uharged, executed, effected, compteted, compl~ed with and ab~ded by, then in e~ther or any such event the sa~d ag gregate sum mentioned in said p?omissory~note then remaining unpaid, with interest accrued, and at! moneys secured here6y, shall become due and pa~r- able fo:thwith, a thereafter, at the oprion of said MORTGAGEE, as fully ard comple~ely as if all of the u~d sums of mo~ey wcre onginally st~pulaied eo be paid w? such day, anything in said prom~ssory r+ote o~ in this Mwtgage to tfie conrrary notwifhsranding; and thereupon w thereaiter af the opf~on of said MORTGAGEE, without rtotice w demand, suit at law or i~ eq~ity, therefore or thcreafter begun, may be prosetuted ss if ~II moneys secured hereby i,ad matwed pnw to its i~slitutio~ . 7. That in the evcnt that at the beginning of or st any time pending any suit upon this Mortgage, or to fwettose ii, or to'ri6form it, or to.enfo~ce payment of sny claims hereunder, said MORIGAGEE shal! apply to the Court havin9 jurisd~ct+on thereof for the appointment of s Receive~-sv~? Caurt shall Forihwith appo7nt s receirer of said mwtgaged propcrty all and singular, includ~ng all and ~ingular the income, proffts, iasues and reveoi~es.~n whate~er sa~.ce dxived, each and every of which, it being expressly underarood, is hereby morrgagcd as ~f spec;fica~ly xt fath and described iri thty~aming a~d haoendum clauses hereof, and such Receiver shalt have all the broad and effeceive funcf~o~s and powers in anyw~se entrusted by a Cou~t to a Recei~er, and s~ch appointmenf shall be made by svch Caurt as an admitted equity and a matter of absolute ~~ght to said MORTGAGEE, and wirhout ~eference to the edequacy or inadequacy of the value of the property mertgaged or to the solvency w insolve~cy of said MORTGAGOR or the defendants, and that such re~TS, profits, incane, iuues a~d ?evcnues shall be applied by such ReceivH according to the lien or eqvity of said MORTGAGEE and the practice of such CouA. 8_ To duly, promptiy and futly perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditiom and covenants in u~d promissory nore and this mortgage set fath. 9. That in Ihe event the ownership of the morfgagcd premises, w any part thereof, bc~omes vested in a person other tha~ ihe MORTGAGOR, the .4',ORiGAGEE, irs successws and su~gns, may, w~thouf notice to the MORTGAOR, dea! with such successw a s~~ccessor in interest with reference to this mo~tgage and the debt hereby secured i~ the same ma~ner as with Mortgagw without in any way vitiating or dixharging the Mortgagors' liability herr under or upon the debt hereby secu~ed. No sate of tlu premises hereby morigaged and no forbearance on the part of the /.10RTGAGEE or its auccessors or assigns and no exrension of r},e time for the payrrKnt of the debt hereby secured given by the MORTGAGEE or its successors or auigns, ahall operate ro release, d~scharge, modify ~hange or aff~ct the original liability of the MORTGAGOR herein, either in whole or in pa~t. 10. It is spec~fically agreed that time is of the cssence of this contract and that no waiver of any obligat~on hereunder or of the obligarian se- cured hereby shalf at any time thereafter be held to be a waiver of the terms hereof w of the inst~ument secured herby. ) l, In add~uo~ to thie forego:ng monthly paym-n:s of princ~pal and interest required by the prom~ssory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each mon~hly payment an addirional sum est~mated by mortgagee to be equal to 1 j 12 of the annual cost of the foltow- ~ng: A-All real property taxes levied or assessed against the above described real estate. B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improveme~ts sit~ate on the above described premises. C-Premiums on such mortgage 9ua~anty insurar~ce as mortgagee shail from t~me to time deem fit to tarry on the loan secured hereby. Matgagee shall from time to time notify mortgagor in writ~ng of the amount due and payable hereunder and such sum sha11 theieupon be due and ; ayable on the due date of the next month;y payment and each successive month thereafter ur~til mortgagee shall notify mortgagor of a change in such a-, wnt. $uch sums sF.al~ be app!ied by mwtgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guarenty insurance p•emiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal fhe day and ear ferst aforesaid. ' ~ gned, Scaled and d~i~e?ed the presence of: ~~e~l ~ ! . ` ~Ses4 ' ~ Francis I.. Swit 1 ~~,q ~ ; . _ (Sea4 ' r K. S~italski ~~aq i . E STATE OF FLORIDA ~ ~ Lucie ~ COUNTY OF St. ~ ~ Befwe me peisooally appeared Francis S~Iitalski a~ ~ i Mary K. 9witalski [ his wife, to me well known and known to me to be t rne individwis dewibed in and who executed the foregoi instrument, and ecknowtedged before me that they e~cecuted fhe same for the purposes ° ~la~r K. Switalski ; tnerein expressed. /lnd the said y ~ Fzancis L. Switalski r~ E ,nrife of the said upon a se~~rat¢ ard privsts ~ ~ exam~nation by me taken separafe and aparl from her said husband, aCknowledged to and before me that she exetuted said instrurn~ eel ~pd;,yolum rarity and w~tFwut any compufsion, constraiM, appre ns~ , or fear of or from her ' husband, ~ .•••••r•, ' Janua{1 % ~ . ' WtTNE55 my hand and officia) seal this day of p, t .,7: - , j ~ ~1 . ~ - iNotary Pubtic in a fo~ 1he State;o ic~st ~rge ; r~ ' My Commission expiref: ` _ Retvrn To: ' ~ J~ ~ Z19 ~ ~ i ~ _ . ~ FPrst Federa! Savir~gs 3 loan Assoc;ar;on Q ! Of Fort P~erte. S` 1 ~T4, Fort ~ierce, Florida 'r ~ itLED AN? REC~~DEO ST. LUCIC :.OUIlT1f FLA. : R4ctF . ~~~Ta~S ' This Instrument Prepared By J. H. RobeYts, Jr. ~~ERK C~~~.~uIT COURt (i"~ First Federal Savings b Loan Associatio~ R~C~RO v~ ~~~iED~ ~ ~ of Fort Pierce, Florida i Checked B~ ~ 58 3~~ 246652 ' so~~ 210 ~329 s 1 s k~4- . . . . _ ~ Fy~£ ' . ~ _ II ~ ~j ~ ..~.m..o~.N , . - . . '~t . ~...A~'s.