HomeMy WebLinkAbout2042 9. To plac~ ~nd co~~~~vousiy keep on tM bui!d~ng~ now a here~ItN utwN on ta;d I~nd ~nd on all cquip~nem ~nd pe?wnally cowred by this mat9.
p~, with ~II p+emivm~ ~hereon pa~d in lull, firo insurance ~n ihs utiwl iund~rd poGCy lorm. in a wm epprovcd by ~he MORiGAGEE, •nd w~~ds~wm
insw~nc~ i~ tM usual ~ta~d+rd pol~cy fam, i~ • ~um app~ovtd by ~iw MORTGAGEE. in such company w comWn~e~ st ~M MORiGAGEE may
di~~clj and •U (i~~ u+d w~nd~rorm iOf~ltiM~ polKiet on any of sa~d build~ops. ~ny intar~~t tF+Kein w pa~t ~hareol, i~ ~M ~9yreyat~ ~~m afotef~id O~
In ~aceu thereoF, ihsll ca+?ain ths vswl standard ma?gaye~ claus~ a iuch o~Mr claus~ ai ~M Mort9agee may reqv~r~, maAinq ~Fa loss unde~ sa~d pol~
de~, each and ~v~ry, payabl~ to said MORTGAGEE as its imere~t may appeu, a~d eath and ~ve~y auch po~~cy ~hatl be prompttY 9^cd +^d deliverrd to
any heW by uid MORIGAGEE ~t (urther security lo said mortgage debl, and, not leu ~han ter? (10) dayt in advance o1 the expirstio~ of each policy, to d~-
live~ lo said MORTGAGEE • raxwal rhereof, together with a receipt fot ths p~~mium of ~uth renewal; and Ihere shall be no fi~s o~ windstor~n in~uranc~
placed on ~ny of said building~, any intereil thtrein a part thereof, unles~ in th~ form ~nd with 1M loss payabte at afweiaid; and i~ th~ ev~nt any tum
oi mon~y becanes p+yable under iuch policy w polrcie~ said MORTGAGEE ~hall Mve ~M opt~on to receive and spply ~he wme w+ accoum of the indebted-
neu secured hereby a ro permit said MORTGAGORS to ~eceive +nd us~ it or any parl Ihereof ia othcr purposes, v~~ihout th_.~u/ waiving o~ u~~pai~-
ing any eqvity, lien w right unda or by virtue of this mort9age; ~nd in tM ~vent wid MORTGAGORS thall (or a~y reasa? (ail to keep the uid premisrs so
insured, w fail fo deliver promptly sny of seid policies of i~sucance to said MORTGAGEE, or fail promptly 1o pay fulty any pren,~~m therefor o~ in any
respect fail ro pafwm, dischsrge, exec~te, effecL completa, comply wi~h ~nd abide by this cove~anl, a ~ny par~ hereof, said MORTGAGEE may place an0
pay fo~ such insurante or any p~rt thereof without waiviog d ~f(ecting any oplion, lien, equity, w r~ght unde~ or by virtus o( lhis Mortgage, •nd the
full amount of eath ar+d every such payment shal) be immediately due and paysble and ihall bea~ inferest from the date the~eof until paid et the rate ol
n~ne per tentum per annum and together with such interest shall be secuced by the lien of thii mortgage: ' •
1. To permit, commit ot wffe+ no waste, impairment or deteraration of said p~operty or any psrf thereof.
5. To pay all a~d singula~ ths costs, charges and expenses, intludi~g a reasonable attaney i fee and costs of abstracts of t~tle, incu~red w psid ~t
any time by said MORTGAGEE, because or in 1he event of the failu~e on tha pan of the said MORTGAGOR Io duly, promptly a~d fully perfwm, d~scharge,
execvte, effea, complete, comply w~th and ab~de by each and every the stipulations, agrcements, conditions, and covenants of seid promissory note and ~his
mortgsge any or elther, and said cosn, chargei and expenses, each and every, shall be immcdia?ely due and payable; whether w not there be no~ice do-
mand, attempt to collect w suit pending; and the full amou~t of each and every such payment shall bea. interest from the date thereol un~il paid at the
raie of nine per centum per an~wm; and all said costs, charges and expe~~ses incurred w paid, to9ether w~th such interesb shall be. secured by the lien of this
mort9~l.
6. That (a) io the event of sny breach of this Mortgage or default on the part of the MORTGAGOR, or {b) in the event any of uid sums of money
herein referred to be ~ot promptly and fully paid within thirty (30) days next after the same seve?ally become due and payable, without demand or notice,
or (c) in tMe event esch and every the stipulations, agreemeMS, conditions and covenants of sa~d promissory note and th~s morlgage a~y or eiiher are ~ol
iuly, promptly and fvlly pe~formed, d~scharged, executed, eifected, compteted, compl~ed w~th and abided by, then in either or any such event the sa~d ag-
gregats s~m mentaned in said promissory no~e then remaini~g unpaid, with interes~ accrued, and all mo~eys secured hereby, shall become due and pay-
able forthwith, or thereafter, at ?he optlon of said MORTGAGEE, as fully and completely as if a~l of ~he said sums oi money were w~ginally s~~pulated
to be paid oo such day, anything in sa~d promissay note or in this Mortgaga to Ihe contrary nolwithstanding; and thereupon a theresfter at the option of
said MORTGAGEE, without notice w demand, suit at law w in equity, therefore or thereafter begun, may be prosecuted as if all moneys setured hereby
had matured pnor to ib institution.
7. That in the event that at fhe beginning of or at any time pending any suit upon this Mortgage, or to ioreclose it, or to refwm it, or to enforce
payment of any claims hereunder, said .MORTGAGEE shall apply to 1he Cou?1 having jurisdrction thereof for the appointment of a Receiver, such Gourt shall
Fcrthwith appoi~t s receiver of said mortgaged property all and singular, includ~ng all and singu~ar the income, profits, issues and revenues from whate~er
wurce derived, each end every of which, it being expressty undersrood, is hereby mortgaged as if speti~ically set forth and described in the granting and
haixndum clauses txreof, and such Receiver shatl have atl the broad and effective (unc~~ons a~,d powers in anywise entrusted by a Court to a Receiver, and
such appoinlment shall be made by such Coun as an admitted equity a~d a matter of absolute right to said MORiGAGEE, and without reference to the
adequaty or inadequaty of the value of the property mortgaged or to the solvency or insolvency ol said MORTGAGOR or the defenda~ts, and that such
rents, profits, income, iuues and revenues shall be applied by such Receiver accwdmg to the lien or equiry of said MORTGAGEE and the practice of such
CouA.
8. To duly, promptty and fully perform, d~scharge, execute, ef(ect, complete, comply with and abide by each and every the stipulatior.s, agreements,
conditions and covenants in said promisswy note and this mortgage set fa1h.
9. That in the event the ownership of the ~r~ortgaged premises, or any part thereof, becomes vested in s person other ehan the MORTGAGOR, the
MORTGAGEE, its successo~s and ass~gns, may, without notice to Ihe MORTGAOR, deal with such successw a successor in interest with reference to this
mortgage and the debt hereby secured i~ the same manner as with Mortgagor without in any way vit~ating or discharging tlx hbrtgagors' tiability here-
under or upon the debt hereby sec~red. No sale of the premises hereby mortgaged and no iwbearance on the part of the ?AORTGAGEE or its successors
or assi9ns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successws w assigns, shall operate
ro releue, discharge, modify change or affect the originaf liability of the MORTGAGOR herein, either in whole or in pa~t.
10. It is speufically ag~eed that time is of the euence of th~s contract and that no waiver of any obl~gat~on hereunder or of the obligation se-
cured hereby shall at any time therealter be held to be a waiver of the terms hereof w of the instrument secured herby.
11. In add~tio~ to ihe forego:ng monthfy payments of princ'pal and interest requ~red by the promissory note sec~red hereby, mortgagor covenanis
and agrees to pay to mortgagee with each monthfy payrnent an addrtional sum estimated by mortgayee to be equal to 1/ 12 of the annual cost of the follow-
ing:
A-All real property taxes levied or assessed agaicist the above desc~ibed real estate.
B-Premiums 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 s~ch mortgage guaranty insurar,ce as mortgagee shall from time to tirne deem fit to carry on the loan secured hereby.
Mortgagee sfiall from time to time notify mortgagor in writing of the amount due and payable hereunder and s~ch sum shall thereupon be due and
~ ~ayabk on tbe due date of the next moMhly payment and each successive month thereafter uNil mortgagee sball notify mortgagor of a change in such
f
~ amounL Such sums sF.a~l be applied by mortgagee toward the payment ot real property taxes, inwrance prem:ums, a~~d mortgage guaranty insurance
~ premiums.
! IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid.
I Si~ed, Sealed and live in the presence of: '
~ . ! • sl)
_ _ sn
~ - (Seal)
(Seaq
f
STATE Of FLORIDA ~ ~
55.
couNn oF St . Lucie
Before me personally appeared Donald J. Behncke, SI. a~
Corinne M. Behneke his wife, to me well known and known to me to be
the individuals described in and who executed the foregoing instrument, snd acknowtedged before me that they e:ecuted the same fw the purposes
,,,,,e;,, ~xp.nsed. ,4nd the u,a Corinne M. Behncke
w~fe of the sa~d Donald J. Behncke, SI. _ upon a separate and prirate
examinatan by me take~ separate and apart from F~er said hu:band, adcnowledged to and befwe me that she exetuted said instrument freely and volun-
rarily and witbout any compulsion, constraint, apprehensi fear of or from her said husband.
A
WITNESS my hsnd and offic~al seal this ~ day of A ril -a p. 19 73
a ~ 'S/j4~J
~ Notary Public in and fw he St e of Flwida ~t Lar~e
~ My Commission expires.
Return To: •
~ First Federal Saving• 6 loan Association
Of fort P~erce. -:C.::i=?E ~ t F_;Ri~a 3t Ll.R~E :
Fort Pierce. Florida 253430 ( C~': ~ . " . : ~ • • ~h,{. , i , .
~ ..:.a.~ las:::anct Ca . . ~
.ut~ sliu~~~,
~ t1 S ) r.~fi
v '~i
This Instrument Prepared By RiChdrd K. iCayes f~~EO AND RECOROEO -,.~j'~~'
First Federal Savin s 8 Loan Association ST. ~UCIE COUNtY fLA.
9 IIOCf A POiTRAS =:a Q` p~~ s~; •
_ of Fort Pierce~ F1olide, RE ORD VE'~tF
~EO COURT ~ _-1 ~4, o~: d=
Checked By ~ ; ~ G ~ ; ~
~ Miur 1 3 s2 PM'73 Q.: '~v~
~2039 ,
BOOK PA ~ -r.t ~4 ~
,Y ...4 . . _ : ~+T~' -µ"4P
'~•''^`FY 2° ` "'-.s`'~s~ ~ - I