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Home My WebLink About2329 To pl~c~ and continuously ke~p on Ihe bui'd~~pi now w h~reaftN ~itu~f~ on s~id I~nd ~nd on all equiprnem ~nd p~rson~lly cov~r~d by thi~ ma~~ ay~, with ~II pr~miumi ~hereon pa~d in fufl, lire insv~~~ce ~n ~M usual ~undard pot~cy fam, 1n a cvm appror~d by tM MORiGAGEE, and w~nd~~«m in~ura~c~ In tM usual ~tar~dard pol~cy fwm, in • ~um approv~d by ~M MORTGAGEE, in ~uch tanpa~y or tanpanies q ~M MORiGAGEE m~y di~~ctj ~nd aU (k~ ~nd winds~o~m tnsura~c~ policies on any af iaid buildmyt, My inttre~l fhtrtie w part thereot. ie tl+~ ayyreqN~ wm afp~~aid a In ~acru Iher~of, shall cont~in ~h~ us~al irsndard mor~qsp~t claus~ a sucb oth~r tlau~ ~s tM Mortpap~e m~y rpvu~. rrwi~inp ~M los~ unde? sa~d pol~ cisi, each u~d ~wry, payabk b sa~d MORTGAGEE at ~~i inierrst may ~ppea~, and tach aod ~very s~ch policy shall ba promptly +ss yned and delive~ed ~o any held by said MORTGAGEE as (urther tecu~ity to said mortys9s debt, and, ra~ I~u ~Mn ~en t10) day~ in advanc~ of ths sxpir~tion of each pol~cy, to dr liva ro sald MORTGAGEE a renewal lhereof, to~ether with • reteipt fw the premiuT of ~uth renswal; and the~~ shall b~ no fu~ or wind~toim insurance placed on ~ny of iaid buildin~s. ~ny ieterest there~e+ a part thawf, unleu in th~ fo~m ~nd with the lou pay~bt~ as ~fa~~+~d: and in rhe event any sum o~ n+oMy becanet payabfa undsr tvch pWicy or polKies uid MORTGAGEE shall Mva ~he option ~o ~eceive and apply ~he same on account of the indeb~ed- neu aetu?ed hereby o~ ro permit said MpRTGAGORS to reteive ~nd ust It w sny part thereof fw other purposes, wi~Fwut th:reb~ waiving or ~mpai~- ing a~y equity. lien or right ur+de~ a by virtus of this mortgags; u~d i~ tM avent sa~d MORTGAGORS ihsl! fw any ieason f~il to keep ?he aa~d p~emiies w insured, or fat) to deliver p~omptly iny of said policies of insursnce to u~d MORTGAGEE, or fail promptly to pay fully ~ny premium therefw w in any respect fsi) b perfwm, d'+scharge, execvts, effed, complete, comply wi~h and abide by thi~ covensot, w any part hereof, said MORTGAGEE may plice end pay fw such irtswance o~ any ps?t the~eof without w~iving or ~Hecting any optio~, lien, equity, or rigM u~da w by virtue of this Matgsge, and the full ~mo~nl of each and every such psyment sMll be ~mmediately dw and payable ~nd shsll bear interest from ths date thereoi ~~til paid at the ra~e ot nine per ccntum per annum and to~ether with such interest shaN be secured b'y fhe lien of lhia r»ortgage. 1. To permit, comm~t or suffer no waste, impsirment w deterio~ation of said property or any put thereof. S. 1o pay all and singular the costs, charges snd expensea, i~cl~ding a reasonable attorney i fee snd costs of abitracri of tiNe, intur~ed a paid st any time by said MORTGAGEE, because w in the eve~f of the f~ilure o~ the part of ths said MORTGAGOR to duly, promptly ~nd fully pertwm, diuharge. execute, ef(M, compkte, compty with and abide by each and every rhe stipulations, agreemeMS, conditions, and mvenann of said promiiwry note and this mwtgage any or ei~het, and sa~d costa, charges and expenses, csch and every, shall. be immediately due and p~yable; whNher w not there be notice dr - mand, attempt to tollect or suit pending; and the full arnouN of each ~nd every such paymenf shaN bea~ inrerest from !he date thereof ~ntil p~id at 1he rate o~ nine per centum per annu:n; and aU wid costs, cha~ges and expenses incurred w paid, togethe~ with such interesl, ~hall be tet~red by the lien of this m0~19MJO. 6. Thaf (a) in the we~t of any breach of this Mortgage p default on the part of the MORTGAGOR, or (b) in the event sny of ssid svms of money herein rele~red to be~not prompily and fully paid wi~hin ~hirly (30) days next after the same severally become due and payable, without demand or notice, or (c) in the evenl exh and every the stipulations, sgreemeros, conditions and covenants of sa~d promiuory note and ~h~s mortgsqe any w either are not iuly, promptty a~d tudy performed, d~xharged, executed, etfected, completed, complied w~rh and ab~ded by, ther? in eitF+er w any such eveM the said ag gregate wm meniwned 'en said promisswy note tF?en remaining unpaid, with interest acuued, and all moneys sctured hereby, shall betome due and pay- able fathwith, o~ thereatter, at the option of said MORTGAGEE, as fully and completety as if stl of the said sums of money were aiginally stJpulated Io be paid on such day, anything in said promissory note w in this Mortgage to the cont~ary ~otwithstanding; and Iherevpon w thereafter at the option of :a;d MORTGAGEE, wiehout notica or demand, suit at law or in equity, therefwe w thereatter begun, may be prosecuted as if all moneys srcured he~eby nad matured pr~or fo its institutio~. 7. That in the evenf 1F~at at the beginning of or at any time pe~ding any suit upon this Matgsge, w to foreclose tt, or to refwm it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jur;sdiction thereof for the appointment of s Receiver, such Court ahail forthwith appoint a receiver of said mwtgaged property all and singular, includmg al! and singular the income, profits, iuues and reven~es from whatever :ource derived, each and every of whith, it being expressly understood, is hereby mortgaged as if specifically set forth and destribed in the grantirg and habendum clauses hereof, and suth Receiver shall have all the b?oad and effective funct~ons prid powers in anywise enfrusted by a Covrt to a Receirer, end s~ch appoinrment shall be made by svch Court as an admitted equity and a malter of absolute right to said MORTGAGEf, ar+d without reference to the adequacy or inadeqvaty of the value of the property mo~tgaged or to the w;ve~cy or insolvency of said MORTGAGOR or the defendants, and that such rems, profits, income, issues and revenues shaN be applied by such Receiver accad~ng to ths lien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptty and fully perform, discharge, execute, effect, complete, comply wi~h and ab~de by each and every the stipulations, agreeme~is, conditans and covenan~s in sa~d promisswy note and ~his mortgage ~t forth. 9. That in the evtnt the ownership of the mortgaged paemises, or any part tlxreof, becomes vested in s person other than the MORTGAGOR, the M~ORTGAGEE, its succeuws and assigns, may, wi~hout no~ice to the MORTGAOR, deal with such successor w successor in interest with reference to this rnortgage and the debt he~eby secured in the same manner as with Mortgago~ without in sey way vitiating or d+scharging the Morlgsgors liability here- under or upon the debt hereby secured. No sate of the Fremises hereby mortgaged and no fwbearante on the part of the MORTGAGEE w its successon or ass~gns and no extens~on of the time iw the payme~t of 1he debt hereby secured given by the MORTGAGEE or its successors or au~gns, shatl operate ro release, discharge, modify change o~ affect the origina! liab;lity of ~he MORTGAGOR herein, either in whole or in pa~t. 10. It is specificaUy agreed that time is of the esxnce of this contrad and thst no waiver .of any obligaYwn hereunder or of the obt'gat'wn sr cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. t 1. In add:tion to the fwego'~g monthly payments of princ'pal and interest requ~red by the promissory ewte secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monfbiy payrnent an add~rional sum estimated by mortgagee to be equal to 1/12 of the annual tost of the follow- in4~ A-All real property taxes leiied 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 sitvate on the above described premises. # C-Premivms on such mortgage guaranty insurar,ce as mortgagee shall from t~me to time deem fit to carry on the toan setvred hereby. ~ Mwt a ee shall from t:me to time notif mort a or in writin of the amoum due and j 9 9 Y 9 9 g payable hereunder and such wm shall thereupon be d~e and ~ Fayable on the due date of the next monthly payment and each successive month theteafter urtil mortgagee shatl notify mortgagor of a change in s+xh ~ a^~ount_ Suci~ sums sha;l be applied by mortgagee toward the paymeM of real property taxes, insurance prem:ums, and morfgage guaranfy insurance p r emiums. + IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and seai the day and year ' st af id_ i Signed, Sealed and delivered ' the presence of: sq ~ .Andrew Borbotko a~ , - ~ - ~~n ~ Beatrice M. Borbotko ~~a~~ { SIAT OF FLORIDA ~ COUNTY OF $t. Lucie - ~ Before me personally appeared -~d=QM $QZ~]OtICO s~ Beatriee M. Borbotko his wife, to me well known and known to me to be i rhe individuats desuibed in and who executed the foregoing instrument, and atknowledged before me that they executed the iame for the purposes rherein expressed. And the :a~aBeatriee Borbotko wlfe of the said - Ar1(~le'iY B~rbOtiCO I upon a separate snd pfiv~te examination by me taken ;eparate and apart from her saFd husband, ackrawledged to and before me that she exetuted said instrument (reety and volurr rar:Iy and without any compulsion, constraiM, appre nsion, or fear of or from her said husband. WITNESS my hand and official seal thi da Ma A, n 1973 ~ i G ; Notary Public in and w t Sta bf Fbrid (a~ye ~ - i Retum To: . My Comm;ssion expires: ~ • , t . ~ , - ' , _ ~~-a9 - ~s~ l~> . ' Fint Federal Savings 3 Loan Association • ; Oi Fort P~erce. ~fARY PUBCIC. STATE of ~LQRIDA ifU1R~E' - '-ti ' Fon Pierce. Florida ~~~'2$ ~(y CQy1S11SS1~N E7(P1R~ ~ tC ~~-~9, ~9I5`, _ _ P~'~.. ~ ir.ra G~.rtecal 6~<'1~'~nce tfnCerwr Ts._.` - ~ ' ~ , LO - . . • . ' ~ . ~ , C~j ` , ~ ~ ~ ~ ` 7his Instrument Prepared By JohnW. Collins~ F~~EO AHp RECORDFp C•-' 4ti~'~~~~~~ ST. tlIC1E COUMTY fLA, 1 : ~ ~ First Federal Savings & Loan Association "'1.,~'-~ A; ~ G' t • of Fort Pierce, Florida ~LERK ~,pp~~~AAS ~ CUIt RECORp Y[r~~ftEO C~URT ~ ' ! C ec PIlCE 4 P9 PM ~73 i f js ~ - - - - - - ~