Loading...
HomeMy WebLinkAbout2751 • . . . J. To plx~ •nd con~~n~o~s~y keep m ~he b~~'J~~~ys now a M~r~(rN ~~w~t~ on ~e~d I~nd inc! on ~fl equry.ncro •nd p~rwn~ily cover~d by tAi~ mar¢ p~. wilh al) pr~nu~m~ thc~ea? pa,d in fu71, fire imw~nco ~n Ih~ uw~l s~andard po1Ky fwm, in • wm ~pp~orsd by ~h~ ~J10RIGAGEE. •~,d windt~am inswanc~ in ~h~ uswl ti~andard pol~ty (orm, in a wm ~pp~ov~d by ~M MORiGAGEE, i~ ~irch company w cwnp~met q ~h~ MORIGAGEE n+ay dir~ctj and •H (ir~ and w~ndiw.m ;~iv?~ne~ policih on ~ey ol ud b~ild~r,yi. ~ey im~r~st ~h~eain a put rhereol, ie ~M ~99~sqas wm ~fW~Mid OI in ~ac~ss ~heraof, slull contsin ths uswt s~and~~d ma~qaya~ clautie or ~uch o~her dws~ a tM Maty~q~e m~y ~eqv~r~. ma?i~g ~h~ lou u~der s~:d~poli~ cias. each and eve~y. paYabl~ ro ta~d MORiGAGEE u iti interest may appes~. and eich and every ~uch pot~cy ah~ll b~ promp~ly ~as qned a~+d deh+ered ~o •ny held by s~id MOR(GAGEE ~s tur~hN t~curity ~o said ~nortya9~ dcbt, and, nol leu than (101 d~yi in ~dyanc~ of the •xpiration of e+ch po1Ky, to d~- ; I~vN to wid MORTGAGEE a renewal therpf, ~ooe~F~ with a r~ce~p~ fa eM p~~m~um of such renewat; ~nd there ~ha» t,s .~o f.ie w wlndaio•m ~nw~ance p~~ced on any of uid b~ildings, any iMerN1 tl~t~n w pa1 tMrwf, ~?nless in th~ fwm and w~~h Ih~ loss payabl~ a{wesaid; and i~+ IM evtnt ~ny sum t of mon~y becomes payable undsr such policy w pol~ciei ~ald MORTGAGEE sh~ll haw th~ opnon to receive ~nd apply ~he w~ on account o( tM indeDted- ~ nets sccured hereby w!o permif s~~d MpRiGAGORS to rec~ive and use ;t a any pa~t ~he~rol iw oihcr purj•osrs, vi~~ho~t fhr•~ wa~~~.,g w~~,~pe~r- ing any pv~ty, lien or r~gAt unde~ a by virtue of this mo:tya~~; and in the wem sa:d MORTGAGORS ihall (or any reason fa~l ?o teap ~he uid p?~m~irs so ~ inw.ed, a fail ~o detivm promptly any of said polieies of i~iu~ance to u~d MOQiGAGEE, or Fail promptly fo pay luily any pre~n,um ~herefw w in any respea fail b perfweq, d~scharge, execut~, elled, complete, comply witl~ and ab~d~ by ~hii cove~an~, a~~y part i~sreol, sa~d MGRTGAGEE nuy pi~ce an0 psy Ia such i~suranc~ o~ any part tF~ereof wi~hout w~iving w aliectinp any optron. lien. equi~y. w r~M unde~ o~ by virtue ot ~his Mwtgaye. and the ! f~tt amount of each and e~ery such payment shal! be ;rruncd;arely dw and payable and ihall bra. interear Irom tF~e date ~hereof un?il pa~d at ~he rate ol n~ne per cen~um per annum and to~ether with such interest shall be secured by the li~n of thii mwtgsge, 1. To pamit, commit a suffer no waste, impairment a deterioration of said property o~ ~ny psrf thereof. ~ 5. To pay all snd sinyular the costs, char9es ~nd expenses, including a reasonable attaney i(ee a~d costs of absrrads of title, incuired a pa;d at ~ eny time by ~aid MORTGAGFE, because or in the event of the failure on the psn of ~he uid MORTGAGOR w du1y, proma~ly and fulty pQrform, d~xharge, execute, effed, compleee, comply with and ab~de by esch a~d every the stipulstiona, agrecments, condiiions, s~d covenants of said promiuory note and this ! mortgage any or eithe~, and said costs. charges and axpenses, eath and every, sha!! be immadutety due and payable: whether or not there be notice d~ mand, anempt to totktt o~ suit pend~ng; and the full amount of each and every s~ch paymeM shall bea~ interest from Ihe data thsreof until paid ~t Ihe rate ot nine pe? centum per an~~um; and all uid costs, charges and expenua incurred or paid, together with such inte~est, shall be secured by the lien of thii morfgage. 6. lhat (s) in the evsM of any breach of this Mortgag~ w default on the pa+t of the MORTGAGOR, a(b~ in the event ~oy of uid sums of money herein referred to be ~ot premptly and lully paid within thirty (30) days next after the same severatly become due and payable, wi~Fau~ demand a notite, or (c) in tl~e event each and eve~y the s?ipulations, agreements, conditions and covenants of said promissory note and th~s rrartgage any a e~ther are not ~uly, promptly and fuliy perfo.med, d~scharged, executed, eftected, completed, complied wi:h and abided 5y, the~ in either or any ~uch event the uid ag gregste sum mentioned in said p+omisswy note then remaining unpaid, with intaes! scciued, and all moneys secured hereby, shall become due and pay- able fathwith, or thereafter, at the opt~on oi said MORTGAGfE, as fully snd completely as ii all of ~he said sums oi money vrere or~ginafly stipulated to be paid on such day, anythiog in sa:d prom~ssay note or in this Mwtgage to the contrary no~wi~h~:anding; and therevpon or the~eafte~ at ihe op+ion of sa;d MORTGAGEf, wiihout no~ice or demand, suit at law a i~ equity, therefwe or Ihereaf~er be~~~n, may be prosecuted ss if all moneys secured hereby had matured pr~or to its institution. 7. That in the event that at the beginning of or at any time porw~ing any suit upon this Morfgage, a to foreclox it, or to reform it, or to enforce payment of any cla~ms hereunder, said MORTGAGEE shal! apply 10 1he Cour1 having jur~sdiction thereof fw the appo;ntment of a Receiver, such CouN shal) Forfi,with appoint a receiver of uid mortgaqed property all a~d singular, includ~ng all and singular the income, prof~ts, issues and revenue~ from whatever source derived, each a~d every o( which, it bein9 expressly undersrood, is hereby mortgaged as ;f specifitally set forth a+~d deuribed in Ihe granting snd habendum tlauses hereof, and such Receiver sFwll have all the broad and efiedive funct~ons and powers in anyw~se entrusted by a Cou~t to a Receiver, and such appointment shall be made by such Court ss an admitted equ~ty and a maner of absolute right to said MORTGAGEE, and wirhout ~efe~ence to the adequaq a inadequacy o( the value of the property mortgaged w to the soivency or insotvency of said MORiGAGOR or the defendants, and that such renrs, profits, income, issues and revenues shall be apptied by such Receiver accordmg ro the lien or equity of sait!-MORTGAGEE and the practice of such CouA. 8. To dvly, promptly and lully p~rfo.m, d7scharge, exccute, eftcct, complete, comply with and abide by each and every the stipulations, agreements, conditiorts and covenants in sa~d promissory note and Ihis mo~tgage set fwth. 9. That i~ the event the ownership of the mortgaged prrmises, o? any part thereof, becomes ~ested in a person othe~ than the MORiGAGOR, the ARORiGAGEE, irs succe:sws and assigns, may, wethouf notice to the MORTGAOR, deal with such succeuw a successw in interest wirh reference to this n,ortgage and the debt hereby secured in the same manner as with Alortgagor without in any way vitiating or d~xharging tF~e Mortgagori liability here- ur.der a upon the debt hereby secured. No sale of the Fremises hereby mortgaged and no forbearance on the part of the MORTGAGEE w its succeswrs er ansigns and no exte~sion oi the time fw the payment of the debt h=reby setured given by the MORiGAGEE or i~s successws or auigns, slull operate to releax, d~scharge, mod;fy change or affect the original liabil~ty of the MORiGAGOR herein, either ie whole o~ in part. 10. It is specificaliy agreed that time is of the esxnce of this contract and that no waiver o~ any obtigation hereunder w of the obtigation se- cured hereby ahaU af any time therea(ter be hetd to be a waiver of the terms hereof or of the instrument secured herby. 11. in add~tion to the forego"ng monthfy payments of princ pal and interest required by the promisso~y note secur~l hereb~, mortgagor covenants and agrees to pay to mortgagee with each monthly payrnent an add~rional sum estima~ed by mortgagee to be equal to Ij 12 of fhe an~ua! cost of the follow- +ng: A-All real p?operty taxes levied w assessed against thc above described real estate. ! B-Pren:~u~ns on F~re and windsto:m insurar.ce as herein requ~r~ to be carried on the improveme~ts situate on the above desuibed premises. ~ C-Premiums on suth mortgage guaramy insurar,ce as morlgagee shall from t:me to time deem fit to carry on tf~e loan setured hereby. ~ Mortgagee shati from fime to time natify morrgagor in writing of the amount due and payable hereunder and such s~m shall thereupon be due and ` F ayabie on the due date of the ~ezt month:y payment and each auccessive month thereaftcr ur.til mortgagee shall notify mortgagor of a change in such ; a~~ounf_ Such sums sha:l be applied by mortgag?e toward 1he payment of real property taxes, insurance prem:ums, and mwtgage guaranfy insurance j oremiums. - ~ IN YIITPJESS YVHEREOF, the said MORTGAGOR has hereunto set his hand and seal fh day and ar firs oresaid. t ned, Sealed and elivered in the prexnce of: ` ~ , •n - - ' Da d A. Raz ~ aq i - C . (Seaq E e STATE OF FLORIDA ~ St. I.ucie ~ u~ ~ COUNTY OF ~ Befwe me perwnally appeared David A~ Ra2ey a~ ! C~Il1tb~.a Razey his wife, to me we(1 tcnow~~nd.knqwn to me to be ~ the indiriduals described in and wFa executed the faegoing insfrument, and acknowledged before me that they execwed' ~~Ay~ 0r tFK purpwes ~ therein exp?essed. Md the said- ~.~llllt2l~.d Razev ' ~'~i, ~ ! ~ ~ ~~~•~•.r. r • 'y" w~fe of the said DBV~l1 ReZ 1~'~'•- • - ~L iipai • se~r~le 1nd (xivate examinarion by me taken separate and apart irom her ssid husband, scknowledged to and before me that she exet}de~.'sa~ (nstrurr~mt ff~e(y tnd volurr rar;ly and without any compulsion, constraeN, apprehens~ or f ar of or from her said husbsnd. ' } y x WlTNESS my hand and offiual seal this z~ day of ~ - ~Z~: ' q; qq 73 ( ' ; • ' S ~ Notary Public in and fOr Flotid{,a} ~r~e : ~ My Commission expires: ' y ; Return To: i~ ~ ~ ~ ~ First federal Savings d loan Asspciation "!~'~?f~~l.... ~ Ot Fo~t P~erce. ~'18~0 ~~Y p118UC~ STATE ot FLORiDA st (/?Q6E t Forr Pierce. Florida MY COMI~ISSION D(PI?ES Se'PT. 25~ 1975 - ~^d~d B~ M1ef1qfl El.:nk~.rs Insu4tlt! W~. This Instrument Prepared By RichaYd K. KBye~~~~ COUN RF~ First Federal Savings 8 loan Associafion ~Q~£~ ~ytTRAS l of Fort Pierce , Rlorida ~~E~K C:`.CUIT COtlRt ~ 1tECORO VER~fIEO~..~-~ Checked By .L~~.- ~ ~ ~ Anc 11 3~ PM 13 ; ~ ioox2l~ r+~~~ S , - - - - - ~r~`~as~~.~~~sr`~~.~r~ = r~ ~ u