HomeMy WebLinkAbout0265 J. To plece a~d conr~nuoust f kecp w+ ?he t,~,~'d.+~gs norv a FK~eaha u+w~e on ss~d und ~nd on ai~ rq~.µ*«snr ~nd pcraonit~y tore~ed b~r eh:s n+orq
y~. with aN p~cm;um~ lhrroon pe d rn I~tf, iire iry,r~nae ~n the uswl s~andard pot~cy fwm, in •~u~n aFprond b~ ~?~s MOR7G.;GfE. a~+d w~u+ds~an~
inturanc~ in ~h~ uswl uanda~d pol~cy Iwm, in a sum aFpro.ed bY the MORTGAGEE, in wci~ co..~pan~ ~v c«.~px~~es as ~hr MO~TGAGfE w~+y
dintlj ~nd atl (i~• ar.d w~Mfsrorm insurance polic:et on a~y of ss~d build,nps, ~ny inlaest the~ein a pa~t thereol, in th~ ap9ra~y~~e ww~ ~foresa~d or
In extsss lbereof, shall con~ain the ~sua1 ~~a~~da~d mortgagee cl~vu or fuch o~he~ c~avse at the Mwfyage+ may rcq~~rt, m~k.~p the ioss vnde~ s.~d pWi
ciss, each and every, payable a so~d h10RiGAGEE as ~ti ~nirre~t may ~ppea~, a~d each and e+e.y a:.ch pu:.c~ sh.ii be pro~r.ya~iy assy.~d u+d de~~vered ~o
•~y held by ssid MOR(GAGfE as iunhr. sccur~ty to sald mw~yaqt debt, and, na teu than ~en (10) dsys in ~d.ance ot +he eap.~Nwn o1 each po1~y, w d~ .
IivN to wid MORiGAGEE a rtnewal tt.~reof, togcthet with a recr~pt fa the ptem~vm of such re~ewat; a~d +F.c~e sh+i1 be ~O fue w w.r.dstarn ~nsw~nt~
ptaced on ~ny of seid b~ildings. a~y inierc~f there,n a ps~l fhereof, u~leu in ~he lorm and w~tF~ tFr iou payatk as afaesa.d: a~+d :n the event any sww
of money bccomes payab!e undar such poi~~y p po~.ciei sa~d MORTGAGEE shall have the op~.on to ~eceire .r.d sp~:~ the ssme on atco.~n~ of tF+t 'a~dtDted-
ness secured bereby or ro permit sa~d MORTGAGOR$ ~o receive and use it or any pait tl~.eoi 1w o:r~-r iu~;::.srs, .:.•.v ,;r t~,•. c~ n.~.• ~3 u.•~ pa~~-
ing any cqu~ry, tien w rigM under or by v~nue oi ~hi~ ma~gsge; and in the event sa,d MORTGAGORS shatl fa any reason isit to keep rhe sa:d premisrs so
insured, w fail to detiva prompNy any of said pol~c:es oi insurance to sa~d MORTGAGEE, a fa~t prcmpNy to pay fu:ty +ny pre-r.we tnr~e~o~ a in ar~r
respect fail to pe~Form, d+sch:rgc, execues, effec~, comple~e, comply wi~h and abide by ttus covenant, or any pan he.eof, s~,d MGRI;,e.C,EE rNy p~ace a~+o
paY fw sucl~ i~surance a any part 1her~f without w~iving p affcctinq any optior~. I~en, equ:ty, a rght vnde~ a b~ v:r~~ of th:s Mat~e. and the
full unounl of euh and ev~ry svch paymeM sh~ft be immediately due and parable and sha11 bsir imerrst f~om tF~e date tl~ereoS ur.td p;.d at the r~k ol
n~ne per tentucn pe~ annum and togrther w~th such interrst snal~ Ge secured by the lien Of th:s mor~gsge_
1. To permit, commit q suffer no waste, impairment pr deter~oration of s.~d N~o~.ry w a~y the~eof_
S. To psy all and singulsr the costs, charges and eapenses, includ~ng a reasor~able at~ane~ a fee and ccsrs o( abu.acts of ti~!e, :neu.~ed a pa~d at
any time by wid MORTGAGfE, because a in the eve~t of tFre 1a~3u~e on thc pert of the said MORTGAGOR to d~ty, p~o~np?ly and fu:ly perlorm, d~stha.9e,
execute, efFett, canptete, comply w~th and ab:de by each and every the stipula+ans, agrernenn, cond~tioru, and covereann of sa~d prom~ssory note and this
mortgage any o? either. and sa d cosh, chsrges and e~penses, each and evcry. shaH be immed~ately dve and sityab:e: whe~her w not the~e be no*~ce d~
mand, aftempt fo cotl~t w suit pending; and the futl amoum of each and every wch paymrn~ sFwll bea. imeres~ from the d~+e thereof uofit pa~d st the
rate of nine per crnf~m per ann,,:n; a:~d ali said ccsss, ci~a~ges and ex~nus ~ncurred or pa:d, togetfier w.~h wch .nseres+, sha11 be sec~red ~y rhe I,en of ~ha
mortgage.
, b. That (s) in the evenf of any breach of this lNortgage or de(ault on the part of the MORTGAGOR, p~b2 in the eve.+t any of sa:d swns of ew~ey
herein referred to be not promptly and fully paid wifnin th:~ty (30} dan neat aiter tbe same severe:ly Ercorne dve and paraL!e, w~ti.out de:nand o~ norice,
or (c) in the event each and every the sripu:a~~ons, agreem.ems, cond;r,ons and coverwnfs ot sa.~ pro.n;isory rwte a~d th.~ rr.or~gage any p ~;thq ue no1
iuly, promptly and fufly performed, d,scha~ged, eaecuted, eiiected, compkted, compi~ed w~th and ab~ded 5y, rhen ~n e=i}?er or a~y such eve++t the sad ~g
gregate sum mentioned in said promissuy note tfien remaining unpaid, with inte~est accrued, and a:I mcneys secured hereby, sta~l becorne due and pay~
eble forthwith, or therealter, at the opr~on of said MORTGAG~E, as fvlly and comp:e~ely es if aq of ~he sa~d wms of morKy wue o~g~nally s~~Fu:ated
to be pa~d on such day, anyth~ng in sa:d promisswy nofe or in this AAatgage to the cont.ar~ notwithsta~d~ng; and tfie.e~pon a~hereah~r at the optwn of
said MORTGAGEE, w~tiwvt ~ortce or demand, su'rr at !aw w in eq~uy, tbereio~e or thereafter beg~n, may be proscwted as if alt mo.?eys secwed he.ebr
nad mawred pnor to its inst;f~non.
7. That in the event that at the beginning of or at any time pending any suit ypon this Mor~gage, o~ to fpK~OS! it, or b reform F, or to enfa~ce
paymeM of any ciaims here~nder, said M027GAGEf shall apply to the Cou~t having lur;sdK~.on thereo4 fw ~?~e appo~~tmen~ of s Rece:ier, such Cwrf shaH
Forthwith appoint a receiver of said mo+~gagEd properr~ ail and s~ngvtar, inciod,ng alt and s;ngv~a~ t?~e intwne, pro6ts, issuts and re+tn;.es from whatever
sourze derived, each and every of wh~ch, ~r be~ng eaprfss!y undcrsTwd, is he:eby morigagcd as rf speafic~!!y set forth and descr:bed in the yrant;.g a.+d
habendum clausts her¢~f, and such Recei~er shail havz all the broad ar.d effccr~ve funct.ons and powers in anyrw~y~ Mt[~nt~ by i tourt to a Receiver, and
:~ch appoiotment shall be made by such Court as an admirtrd eq~ity and a mattc~ of abso+vte rlght to said N1pRiGAGfE, and w~nc~ut ret~rence to ti~e
adequacy w inadequacy of the vafve oi the property mongaged o~ to the so:veruy a:nwtvenc~ ot said NLOR~GAGOR or th~ ~fer.dann, al+d that wch
rems, profits, income, issues and re~er.ues shail be appi~ed by S~Ch RKe~ver accord,nq ~o tF+e tien o~'eyuit~ of sa:d MORTGAGfF ar,d the prxt,ce pf such
CouA.
8. To du:y, promptly and fu(fy perfqrm, d~scharge, execute, effect, complEre, comp~~ w+rh and abide by each and evny the st~p~tatiorn, sgreemnds.
ronditions and covenants in sa~d promisswy note and th;s m~rtgage set fath.
9. ihat in the evenr the ownership of the mortgaged premises, a a~y part thereof, becorres vrstrd in a pcrson othe~ tnan thr JV.~?R7GAGOR, the
MORTGAGEE, its successors and ass~gns, may, without nofice to the MORtGAO~t, dea: «~r1, such svccessor a wccessw :n ;nfesest yv;rh refrrence to th:s
mortgage and the d_ut hereby secured in the seme manner as w~rh fMrtgagw wlihout in aoy wa~ v;t:ating o. d:scha+g~ng the /~Sutgagors liabi4ty herr
under a upon the debt he:eby secu:ed. No saie of fhe Fremises he~eby mortgaged and no forbearance on ~i.e pan of tfie /bpitTGAGEf or its successors
or aszigns and no extens~on of rhe t;me for the payment of ri.e d¢bt hereby secured g~ven by fhe MORTGAGfE o* its wuessxs or augi~s, s.%~all operate
~o release, d~scharge, mod~fy ~hange w affect the prig~nal liao~l~ty of thr N.URTGAGOR here~~, e~ther in who~e w in put.
10_ It is speufica:ly aqreed that t~me is of, the esser.ce of this conrrad and that no waiver of any ot~;gat:on hereunder or of the ob(igation ~r
cured hereby shali ar any time rt~reafrer be hc!d ro be a wa+yer of rhe ~e~ms hereof o? of the :nsirumen~ secured herb~.
} l. !n add~t;o~ to ehe fo+ego'ng mr~h!y pa~men+s of pr~:.Cpal and inferes+ requ~r:J ty ihe prun sscry no~e sc-c:,,ed hereb~, mor~gagar eovenanh
znd agrees to pay to mortgagee x~th each monrh~y Fa~~ .ent on edd~non3f s~m zs• ^•a'rd b/ mortgage•_ to be equa~ to 1, 12 of t:w anr.La1 cast of the ioi;ow-
~,~g:
A-Alt reai properr~ tjxzs !e~~ed or assessed ag,'r-.s! fh= a~ove desc•~b~~ r,~I esta~e.
B-Prem:ums on f~re ar.d vvindsto'rn ~rs~rarce as neretn rey..red to be ca~r~•.d en ahe :r.~;,rove•ce~ts s~t,.ate e~ tha abure d=sc:::fd pr¢mises.
C-Premiums on such rr.o:tg~ge guaranty ir.s~rar:ce as mo~igagee shall fr~-, t~re ro :=•~e d~-em fit to carry on the ban ssw:ed hereby.
Mortgagee sha!! frem Nme to ~~~:e nc!~f; mcncagcr ;n v.•;t,ng of ti~ a~r.ou~t due aad payabte F~rcwnd_x and svch su-r. sha:~ rnerevpon be Que ir~d
~~~able on the due cia~e of the next n;onth:~ payrnenr and eacfi svccessive To-aF. r~-eaffer ur.tii mutg;~Ae shell not~fy rrwcigag~r of a c}~rge :n wch
a~~:o~nt. Such s~ms sfa:I be apE.'~~d by mortgag~e eoward trv~ pa~ment of rea~ pro;.er~~ ta,ces, inswa~ce prerr.ucns, a.-d mcx~gage gva+ant~ uiwranee
premium5.
IN 1~YITNE55 'NHEREOF, the saed MORiGAGOR has hereunto set his har.d and seal rhe day ard year "ast aforesai .
Signed, Sealed and delivered~n the presence of.
i
' ~ ' ?heocbr , R s
~
~
~L Aadria V. R~
' SiATE OF FLORIDA ~
~ COUNiY OF St. Lucie ~ ~
Before me personaliy appeared Theodore .1~ Raz~ns ~
! - Andria V. Razan?s
his wife, to me well known ar+d k~iown b me be
~ the ind;viduals descr~bed in and who exec~ted the foreganp inst~ument, and ackrwwkdyed befwe me that they eRecuted the sa~ns fa ihe
i thrrein expressed. And tix said Audzia • Qa2~S " ,1~
~ 2heodore J Raxsas ;
~ r.~/e of fhe said • ' " ~
~ibn ? attr srr~.Pf^!sti. :
j e=am~nat:on by me taken separate and apart from her said husband, acknowkdged to a~d before rne that she e:ecuted said iostcOn~iely ~d
tanly and without arty compu(sicn, constraint, apprehens~on, o~ fear of or from h~y said husband. r.
~ . i ~
i W(TNESS my hand aod ofiicfai seal this 16th da of ~zCh ~ - i~ ~ p?~q-
I • ~ _
% J G r
dtiotary Public in snd for the $t~ ~1 Flprjas ~e,- _
~ J My Comm~ss~on e:pires: /~1 j,' ,.t ~
Return To: ` ~
' Fint Federal Savings 8 Loan Associat,on ~A~ ~=H%. STATE of F(pA~p~ G~ '
ItY OO~t~tISSION D(qA(S DEC. 29. fS75"
Of Fcrt P e:ce. ipd~d ihrr 6eperal lasrr
For: P~erce, Fforida V~+~f~k+i
i
~~LEO ANC AECp~
~IE COIlNT1r f~
This Instrument Prepared By JOtln ir. Collifls AB~~K pd~A~:
; First Federal Savings 8~ Loan Association C4EAK C;'~{~~t~
~ ' of Fart Pierce ~ Florida ~E~R% VE~.f;Ep
~ Checked By 3 s7 Py'13
~ ~0~~212 ~ac: 2~i5
i 2~~9
~ j:
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