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HomeMy WebLinkAbout2331 3. To plac~ and continuou~ly teep on ~M bui!d~ngs now a Aers~itN sitv~t~ o~ said land and on all cquipment and p~rwnaUy cova~d by ~hi~ n+ort~ +y~, with ~II {xemivms Ihereon pa~d i~ (ull. fire insuranc~ in tik usuai sundard poticy form, in a ~um app~owtd by th~ MORTGAGEE. •nd wi~tam ~n~wanc~ ~n tfw uswl s~andard pot~q fam, in a tium approv~d by tM MORTGAGEE, in such tumpany or compania a ~M MORTGAGEE' n+ay d~r~ct; ~nd all fir~ and wir+ds~o?m iniur~nu potiues on ~ny of fild bIJlldifl0t, My IflfNfft fF1M~lf1 Of Pilf flNtlp~, in thf aqqrepat~ wm afa~~id a in ~zce~ Ihereo4 sMtl conain the uswl sarcdud marrya9e~ claus~ a ~uch o~h~r claus~ as tM Ma~p+~ may rsqu~r~. maki~+p ~M tos~ unda ia~d poli~ cies, each and ~very, payabt~ ro said MORTGAGEE a it~ intaeit may ~ppear. ~nd each and every iuch policy ~hall M pompUy +u 9ned and delivered ~o ~ny held by said MORiGAGEE ~e fur~her security ~o s~id mor~page debt, and, nof less than ten (10) days In advancs o( ~hs •apir~f'wn o~ each policy, to dr Itv~r to sa~d MORTGAGEE a ~enewal thereof. toqe~her wi~h a reteipt fw Ihe pr~miun of s~ch ~enewal; and ~her~ sMU b~ no f~~s o. wi~ds~or~n i~sv~anc~ placad on ~ny of said buildinp~. ~ny i~terest thereio or p~rt therwf~ u~leu in tht fwm ~nd with 1M toss p+yabl~ u aiw~s~id; and in ths evenl any sum of mon~y becom~s payable vnde~ such policy or politios said MORTGAGEE shall,Mve ths optioe? 1o receivs and ~pply ths sams on account of tM Indebted~ ness secured hereby w ro pe~mit iaid MORTGAGORS ro recaive ar+d us~ if w any part thereof fw oiher purposes, w~~nout thsreb~ waiving G unpair- ing any equity. lien a right u~der w by virtus oi this mozryaye: ~nd in the evenr said MORTGAGORS shal! for ~ny reason fail to keep the s~id premisrs so insured, w iail to delivm prompdy any of said polities of inswance to s+id MORiGAGEE, w fail ~xomptly to pay fully ~~y premium therefw or in ~ny resped fsit to pe~fwm, discharge, execute, effect, complete, comply witA and ~bids by this covenan~, o? any part hereof, ~aid MpRTGAGEE may p?ace and paY (or auch Frou~ante a any put thereof without waiviny a affMin~ any option. lien, equiry. or ~iyht under p by vi~tw of this Mort9~ge, ~~+d tht full smovnt of each and every such peyme~t shall be immedi~tely dve and payabl~ ~nd shall bc~? intere~~ from ths date thereof v~~il paid at tM rate of nine per te+~tum per annum and togethe~ with such interest shall be setv~ed by the liM of fhis mortgsye. ~ 1. To permit, commit or suffer no waste, Imp~irment or deterioration of taid property w any psrt thereof. S. To pay all and sirpular the-costi, charges and expenses, includinp s reaso~able attorney s fee and wsts of at»trscts of title, incurred w paid at any time by wid MORiGAGEE, becauss w in the eve~t of the failure on the pan of the said MORTGAGOR to duly, promptty snd fully perfwm, d~scharqe e,cecute, effect, comptete, compty wirh and ab:de by esch and every the stipula~ions, agreements, conditam, and wvenants of said promisswy note and thii mo~rgape any o? either, and s~id tosb, charges and expenses, each a~d every, sh~tl be immediately due sod payable; whether w not there be notice da mand, atttmpt to totkct or sNit pe~ding; ~nd the fvll amounf of each and every such payment thaN bea~ interesf from ths dats thereof until paid ~t the rate of n;ne per centum per a~num; and all taid wsts, charges and expenses incurred o~ paid, together with such interest, sl?~II be aecured by the lien of thu mortgsge. 6. That (a) ie the event of any breach of this Mortgage or detauh on the part of the MORTGAGOR, or (b) in the event any of sald sums of maroy herein ?cfened to be no! promptly and fully paid within thirty (30) days next after ~he same seve~ally become due and payable, without deniand w notice. or (c) in the event exh and every tFx stipulations, agreeme~ts, conditions and covensnts of ss~d promissory ~ote and th~s mor?yage aey a efther are not iuiy, promptly snd fully performed, d~xharged, executed, effected, completed, compl;ed with and abided Sy, then in eitlxr a ~ny such event the sa~d ~g gregate sum mcntioned in said promissory no~e then ~emaining unpaid, with iroereat acuued. and all moneys setured F~e?eby. shall become due and pay- able fwthwith, a thereafte~, at fhe oprion o( uid MORTGAGEE, as fulty and completely ss iF all of the w~d wms of money wrre origir?~Ily tt~pulated ro be paid on such day, aeything in uid promissory note or in this Mwtgsge to 1he contrary notwi~hsranding; snd thereupon or thereafta at the option of sa~d MORTGAGEE, without notise or demand, suit at law or in equity, therefore a thereafter begun, may be prosec~ted as ii sh moneys secvred hereby had matured priw to irs institution. 7. Thst i~ the event ihat st the beginnirg of or at any time pending any suit upon this Mwtgage, or to fweclose it, or to reform it, w to enfwce payrrKnt of sny claims hereunder, said MORTGAGEE shall apply to the Covrf having jurisd~ciron thereof for Ihe sppointment of a Receiver, such Court shail Iorthwith ~ppoint a receiver of said mortgaged property aU and singular, includ~ng all snd singulsr the income, pof~ts, issues snd revenuKS from whatever source derived, each and every of whKh, it being expreuly understood, is hereby mortgaged as if speufically set fwth and described io the granting snd habendum davses hereof, and such Receiver shall have atl the broad and effective f~nctaro and powers in anywise entrusted by a Cou?1 to • Rcceiver, and such appointment ihall be made by such Court as sn admitted equity and a matter of absollite' r'gh1 to said MORTGAGEE, and without reference to the edequacy a insdeqvacy of the value of the property mortgaged or to the solvency or inwlvency o1 sald MORTGAGOR a the defendants, and that such rems, profin, income, issues and revenues shaN be applied by such Receiv~? accord~ng to the lien or equity of said MORTGAGEE and the practice of such ~ Court. 8. To duly, p?omptly and fully periwm, d~stharge, execute, effect, complete, comply with and abide by ~ach snd every the stipulations, sgreements, conditans and covenann in sa~d promissory nore and th~s mo~tgage set forth. ~ 9. That in the event the ownership of the mo~tgaged p~emises, w any paN thereof, becwnes vested in a person other than the MORTGAGOR, the MORTGAGEE, its s~ccessws and assigns, may, without noiice to ~he MORTGAOR, deal with such successw w successor in intcrest with reierence to this mo~tgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating p disclwrging fhe NLwfgsyprs' lisbi~ity herr under or upon the debt hereby secured_ No ssle of the premises hereby mortgaged and no fwbearance o~ the p~A of the MpQTGAGEE p iri' successon or assigns and no ex~ens~on of the time fw the payment of the debt hereby setured given by the MORTGAGEE w ib sutcesson w atsigns, shall operate ro release, discharge, modify charge a affect the original liab;l;ty of the MORTGAGOR herein, either in whole a in part. 10. It is spet~fically agreed that time is of the essence of this contrad and th~t no waiver of any obligatron here~nder or of the obligsYqn ~e- cured hereby shall at any time thereafter be held to be a waiver of the terms I+ereoi or of the instr~meM secured herby. 11. In add~tion to the forego;ng moNhly payments of princ'pal and interest ~equirei! by the promissory rqre securtd hereby, mprtgagar tovenants and agrees to pay fo mortgagee wifh eath momhly payr:,ent an add~~ional sum estimated by mwfgagee to 6e eqval to 1/12 of the annual cost of the follow- ing: A-All real prope~ty taxes leried w auessed agai~st the above described real estate. B-Premiums on fi~e and windstorm insurar,ce as herein requ:red to be carried on the improvemcnts situate on the sbove drsaibed premises_ C-Premiums on such mortgage gvaranty insurar~ce as mortgagee shal) from timt ro time deem fit to cury on the (oan secured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hrreunder and such wm shall thereupon be due and Fayable on the due date of the next monthly payment and each successive month thereafter ur.til morigagee shall notify morigagor of a change en such a•~ount. $vch sums shall be applied by mortgagee toward the payment of real property taxes, insurante prem:~ms, and mwtgaaa guaranty insurance premiums. IN WITNESS WHERfOF, the said MORTGAGOR has hereunto set his hand and seat tF?e day and first aforesaid. Signed. Sealed and delivered ' the p?esence of: ` '7~ / ~4 ' C/ - Andre~w Borbotko ,4 - ~ Ke.n Beatrice M. Borbotko S7ATE OF FIORIDA ~ ~ COUNTY OF St • LLICl@ ~ . Befwe me personatty appeared Andre~r BOZbOtjCO and Beatziee ~1• BOIbOtjGO ha wife, to me well known and known to me to bs I tne individvals desvibed in and who executed the foregoinp instrument, and acknowledged before me that they executed the same fot the purposes therein expressed_ And the said Beatriee M• BOZbOt1C0 w~fe of the said - a1'1dI'e'R BOZbOtjCO upon • sepa.ate ~nd pr'rvst~ examinat~on by me taken separate and apart f~om ber said husband, acknowledged to and before me that she execvted said instrument freiely and volun- rarily and without any compulsion, consrraint, appre sio~, or fear of or from her said husbsnd. _ WITNESS my hand and official seal thi L~~'" day Md A. D. 19~_ • ~ \ . ~lotary Public ie ~nd for the SU pf ffCiiQ ft larp~ ~ ~ My Commission acpires: ~ - Retum Ta :y _ • . , First Federsl Savingi a losn Association MOTARY Pl/BUC, S~ATE,o(-Fl,p~jDA1t'Ui16E'=' ~ Of For1 P;erce. MY CpS1:,11SSIQ1fJ fl(P~ ~C.`~. = Fort Pier~e, Flcrida eonaea Tr..u Ge1S~;~ ~ ti~ ~~M~u~ _ y~ y ~ . . e v . _ ; , This Insirument Prepared ByJohn W. Co21i1ns f~~~ f#~A?~ f~ '',,,n . First Federal Savings ~ Loan Association sQ~~~; L "~~!?:u++~' , ' of Fort Pierce ~ FloZida y~~1uC.~'Y:W~' S~T ~r~ ~t:,kt~0 ~ ; «,~k~ By ~ ~ ~ t~ P~'13 ~ f ~ p 253629 'S ; ~~0~213 P~E2328 ~ _ _ : _ ; - . 4 : ~ .