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Home My WebLink About0703 To plac~ and cominuously keep on tM buitd~ngs now or hereaftta tituate on ~aid land and on all equipment and ptr~ons~ly tover~ by thif morl~ \ p~, wilh all premiums Ihereon pa;d in full, tire i~surancs in ~he usual standard policy fo~m, in a tum •pprovad by Ihs MORTGAGEE, and w~~ds~wm ~ ~r.iwanc~ in tM usual standard pol~cy form, in a sum approvcd by th~ MORiGAGEE, i~ auch company o+ comp+nie~ as ~M MORTGAGEE may dirsctj a~d aU (ir~ and windslam iniu~anc~ policiei on ~ny of ssid build~ngs, ~ny iMS~eit therein w part thereol, i~ tF~e +gy~ega~• i~m ~foresaid a in ~xceu thereof, sMll contain ~M ~swl ~ta~~dsrd ma~ga9ee clause or such other dause ~t tM Nbrty~gee may ~equ~n, maAinp ~he ~ou vnde~ •a~d po1F~ cie~, e~ch and evcry, p~yable to said MORTGAGEE as its i~tereit may appeai, and each and svery iuch policy ihall be promptly •ss gned and delivered to o +ny held by said MORiGAGEE ~s further security ~o sa3d mortgage deb~, and, not leu than ten (10) dsys in advance of the expir~tion of each pol~cy, ~o da liver to said MORTGAGEE ~ renewal thereof, toge~ha wiih a rece~pt fw the p.emium oi such renewal; and there ~ha!! be ~o f~rs or w~nds~or~n insurance p~aced on any of said buildings, ~~y infereit therein oI part tFureof, ~nteu in ~he form and with tM lou payable ai afwesaid; and i~ the event a~y tum of nwney becpmei payable v.nda iuch policy w policies said MORTGAGEE sAall hsve the opt~on to receive and apply the same on accounf o! the indebted- ' ness secured hereby w ro permif said MORTGAGORS to'~eccive and us~ it or any part thereof lor othet pwposrs, wiiho~t tha.cbi waivi~i3 or u~~pair- ' ing any equ~y, lien or right unde~ or by virtve of this mo:tgsge; and in the event said MORTGAGORS ihall fa any reason fail to keep the said prem~srs so in~u~ed, w fail to deliver promptly any of uid policies of insurance to said MORTGA('iEE, or fail promptly to pay fulty any premium therefa w in any resped (ail to perform, discharge, exec~ts, effect, complete, comply with and abide by this covenant, or.a~y parl hereof, said MORTGAGEE may place and Pay fa such insurance w any part thereof w`.thout waiving a aifecting ~~y optio~, lien, equity, w ~ight under or by virtue of this Mortgage, and the full ~mwnt of each and every such payrtxnt shall be immediatety du4 and payable and shall bear interesl from the date the~eof until paid at the ~ate of nine per ce~tum per annum and together with suth intereat shall be secured by Ihe lien of this mortgage. t. To permit, commit o~ suffer no wasle, 7mpairment w deterioratio~ of said propery ot any parl thereof. S. To pay all and singular the costs, charges and expenses, including a reasonabte at~orney i fce and costs of abstrads of title, incwred or paid a~ eny time by said MOR)GAGfE, because w in the event of the tailure on the part oF ~he said MORTGAGpR to duly, promptly and ful~y periorm, d~uharge. execute, efFect, comptete, comply w~th and ab;de by each and every the stipulations, agreeme~ts, conditions, and covenants of sa~d promissory oote and this mortgafle any w either, a~d said costs, chsrges snd expenses, each and every, ahal! be immediately due ar+d psyable; whether or not there be not~ce dr mand, attempt to co1tM or suit pend~ng; and the full amount of each and eve~y such payment shall bear ;nterest from the date thereof until paid af the rate oi nine per centum per an»um; and all said costs, charges and expenses incurred or paid, together w~fh suth inferest, shall be secured by 1F~e lien of th~s mortgaqs. 6. That (a) in the event of any breach of this Mortgage w default on the part of the MORTGAGqR, w(b) in the evem sny of satd svms of money herein referred to be not promptly and f~lly paid within thirty (30) daya oext after the same severaliy become due and payable, wifhou~ demand or notice, or (cj in the event each and eve+y the stipulatioru, ayreements, conditions and covenants of sa~d promissory note and th~s mortgage any u either are no1 ~uly, promptly and futly performed, d~scharged, executed, effected, compteted, compl~ed with and abided by, then in ei~hcr w any such event the w~d ag gregate sum mentioned in said promissory note tAtn remaining unpaid, with inte?est accrued, and all moneys setvred hereby, shall become due and pay- able forthwith, or thereafter, at the option of said MORTGAGEE, as fully ard completely as if all of the said sums of money were orgin~{ly s~~puta~ed ro be pa~d on sixh day, anything in said prom~uwy note w in this Mortgage to tt+e contrary notwirhsranding; and thereupon o~ thereafrer at the opuon of s~~d MORiGAGEE, without notice w demand, suit at law w in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby had matured pr~or fo its institutio~. 7. That in the event that at the beginning o( or at any time pending any su7t upon this Mortgage, w to foreclose it, w to refo+m it, or to enforce payme~t of arty claims hereunder, said MORTGAGEE shall apply to the Court having jurisdic~ion thereof for the appointment of a Receive~, such Court shall forthwith appoint a receiver of said mwtgaged property all and singular, includ~ng all and singu~ar the income, pro(its, issuei and revenues trom whatever source derived, each and every of wh~ch, it befng expressty unders~ood, is hereby mortgaged as if spec~fically set forth and desaibed in the granting and ha6endum clauses hereof, and such Receiver shall have all the broad and effective funct~ons and powers in anywise e~+trusted by a Court 1o a Receiver, and s~ch appointment shall be made by such Court as an adruitted equity and a matter of absolute right to said MORTGAGEE, and without refe?ence to the adequacy a inadequaty of the value of the property mortgaged or to the so~vency w insolvency of said MORTGAGOR or the defendants, and that auch rents, profits, income, issues and revenues shatl be applied by such Receiver accwd~ng to the lien w equity of sa~d MORTGAGEE and the practice of such Court. 8. To duly, promptly and fu!!y perform, discF~a~ge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditioru and covenants in sa~d promissory~nofe and thia mortgage set fath. 9. that in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in s person other than the AiiORTGAGOR, the h`ORTGAGEE, its successws and assigns, may, without notice to the h80RTGAOR, deal wilh such successor or successor in interest with re(erence to this mortgnge and the debt hereby secur~ in the same manner as with Nbrtgagor without in any way vitiating w discharging the Nbrtgagors' liability here- under a upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MOR7GAGEE w its suctessors or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or assigns, ahall operate to release, discharge, modify change or affett the original liabil~ty of the MORTGAGOR herein, eithe? in whole or i~ part. 10. It is speufically agreed that time is of the e:sence of this contraa and that no waive~ of any obHgat~on hereunder or of the oblgation sr cured hereby s}wIl af any time thereafter be held to be s waiver of the terms hereof w of the instrument secured herby. 11. In add~tio~ to the forego:ng monthly payments of princ'pai and interest required by the promissory nore secured hereby, mortgagor covenants and agrees to pay to mortgagee with each momhiy payment an add~~ional sum estimated by mortgagee to be equat to i/12 of the annual cost of the foHow- ;n~: A-AU real prope.ry taxrs levied or assesxed agai~st thc above described real estate. B-Prem~ums on fire and windstorm insurance as herein requ~red to be carried on the improveme~ts situate on the above described premises. C-Premiums on such mortgage guaranty ir.surar,ce as mortgagee shall from t~me to time deem 4it to carry on the loan secured Frareby. klortgagee shail from time to t~me notify mortgagor in writing of the a.nount due and payable hereunder and such sum shall thereupon be due and F~yable on the due dete of the next month:y payment and each successive month thereafter ur.til mwtgagee ~hall notify rrwrtgagw of a change in s~ch a~;ount. $uch sums sha:l be applied by mortgagee toward the payment of real p~operty taxes, insurance prem:ums, a~id mutgage 9uaranty insuiance , ~emiums_ . IN WITNESS WHEREOF, the said MORTGAGOR has hereumo set his hand and seai the day and year first sforesaid. igned, Sealed liver in ths presence of: -,/d"'~~- ? ~ ~ ~j rSesn ~ ~ John J. Zu a . ~ , - - cses0 (S~aq i N SCy . Z~iy . SeaO II STATE OF FLORIUA i COUNTY OF St. L1IC1@ ~ ~ Befwe me perwnatly appeared `T0~ ~gay a~ ~ NaneY I Zll~y his wife, to me well known and known to me to be f the individuats desuibed in a~d wFa executed the foregang instrument, and acknowtedged befwe me that they executed the same tor the purpases ~ rhe~eirt expressed_ And ~?x sa;a_ Naneq I. Zugay ` r~ife of the said _ .lO~lII .~l~y upon a xparate and private f examination by me taken separate and apart from her said husband, acknowledged to and before me that she exetuted said instrument freely and ,vp1uA~ ~ I rarfly and w~thovt any compuls"w~, constraint, app~ ~ ry~on,~ fear of or from r said husband. ..r ••~i.... ' ! WITAlfSS my hand and off;cial seal th;i day of ~ 4j s ~ : , I ~ • f ptary Public in and for the State ! Floirds rgq. : ! Return io: /NY ~~rt+~ssion e~cpires: _ = = ; - _ NUTARY PU~IC,~$!AT .~,~f FJ~RIDA at U, J ~ First Federal Savings a loan Associatco~ . MY CO'~'~11591Dti EX~lRES~DE T29.~~5= _ Of forf P~erte. Bonded Thru ~ Gcwyafanswaet de~/n~l. Fort Pierce, Florida ~~(~9 V 2 v ~ ~ ~ s?'= TAI ~ ~ ` ~r^ ~.•;,~.~t-'~~' { a ,,vROE~ ~ A ' ~ % , ax~•_ ~ fIIEQ ~y;Y ft1?• ~ This Instrument Prepared By John W. Co11it~S Sj-L~~~~'F~~Lt'~AS J ` First Federat Savings & toan Associatio~ R~'~" a~,~T COUaj CIEr.K ~1• i f Fort Pierc~ Floridl RFC~'~~ ~c:t~~`~ u s , Checked By t' 42 An J ~ a4R ~ 600K PACE 7O~ ~ ~ _ - ~ ~w~~~ ~ _ - - - - - - - y~~ , - x«