HomeMy WebLinkAbout0211 3. To plac~ and con~invously ke~p on tM buildinpt ~+ow w MleafiM ~itwt~ on taid land +nd on +il puipintnl u+d pfrwn+lly tovtr~d by thit ma1¢
p~, wilh all prtmiums there4n pa~d in ful~,- tire insuraoce in tM vswl iundud policy form, in • twn app~ortd by rh~ MOR~GAGEE, and windstam ;
insw~nc~ in tM vswl uanda.d pol~cy fam, in a wm approved by tM MORiGAGEE, in wch canpany or canW~~K N ~M MORTGAGEE may ~
dincti u+d all tin u+d w~arm insw~na policies on sny of s~id build~nps, aoy in~a~s~ ~h.r~M or pan rMrw~. io ~he +q~~e9a~~ wm afa~said or
In ~xcess ~htreof, shall contaio tM uiwl standard mortg~~ clauH a ~~ch o~F~ claus~ as tM Ma~psyN m+y r~qvu~. mal.fnp tlw loa ~odcr sa~d poli- ?
cies. tach ~nd ~vKy. paYabl~ ro s~id MORTGI?GEE ~s its intereN may ~pp~ar. a~+d each and ~very s~rch policy thall b~ promptly ~u:9ncd and detivered ~o
any held by said MORTGAGEE ~s further ucurity ~o sa~d matya~e debt. ~nd, nof bu tF?in t~n (10) daYS in +dr+nce of tl» ~xpiration of each policy, to d~-
liwr 1o aid MORTGAGEE • rN+ewal thereof, 1op~tMr with a ~ecapt fw the premiwn of such renew~l; and th~re thall b~ no f~r~ w winisiam i~suranc~ ~
plapd on u+y of said buildinps. ~ey interest thc~ein or put fh~~eof, un~~u in 1M form ~nd with th~ loss paY~bh as ~toniaidt +~d in 1M ~vMl any sum i
of mon~y becomes pay+ble ~nder such policy o? policisa said MORTGAGEE shall Mw ~he option to receive and apply the same on +ccovnt of the irwlebtrd~
neu secu~ed Ixraby o~ 1p permif said MORTGAGORS fo reteive and ust it W any part lhereof Iw other purposef, w~tho~t thareb/ waiving o~ unpa~~'
ing any equity, li~n w right unde~ a by virtus of this mortgage; ~nd in ths eve~t said MORTGAGORS sMll fw any ~eason fsil to keep the uid praruses so
insvred, o~ fai) fo delive~ p~omptly any of said policies of in~uru~te to s~id MORTGAGEE, a fail promptty to pay fully ~ny premium Iherefw w i~ any
re~pea (ail b pe~form, discharge, exec~te, effect, complete, comply with u~d~sbide by this tove~+ant, a any psrt I+Keof, uid MORTCaAGEE may p~+te and
paY for such insuranc~ w ~ny parf thereof without w~ivie~y or affectinp ~ny opiwn, li~n. equity, or right unde~ w by virtw of this JNorty+9e, and the
full smo~nt of each and every such psyment shall be irrunediately dw and payable ud thall besr intaest from th~ da1~ ~hereof u~til paid at the ~at~ 01
nine per centum per annum and together with such interest shall be secured by tM lien of this maty+pe.
4. To permit, commit ot suffer no waste, impairment w deteriwation of said property or ~ny put thereof.
5. To pey sll and sinyular the costs, charges and expe~ses, ind~rdinp a reasonable attor~ey's fee and costs of abstracls of titls, iocvrred o? paid at
any time by said MORiGAGEE, betause w in the evtnt of the failure on the pa~t of 1M said MORTGAGOR to duly, promptly snd fully perform, diuharge,
exetute. elfetl. complete, comply w~th and abide by each snd every the ~tipulations. agreem~nn. conditions, and oovenants of ssid promissory note and this
mortgags ~ny w eithe+, snd said cosn, charges sod expenses, each and every, sha~l be immediately dw and payable; whcther a not there be notice da
mand, sttempt ro collect or suit psndir+g; and the fvll amount of each and every svch paymem shall bear i~terest from the date thereof until p~id ~1 ~he
rate of nine per centum per annum; and all said costs, charges and expense~ i~curred w paid, together with such interest, shall bs setured by the lien of thii
mort~ssy~.
6. Thst (a) in ths evont of sny breach of this Mo?tgape or default on the part of the MORTGAGOR, u(b) in the sve~t any of said sums of money
herei~ ~eferred to be not promptly and fully paid 'within Ihirty (30) days next afte~ the same severaNy become due snd paYable. without demand or not'ce•
or (cJ in the event esch and every the stipulations, agreements, conditions and covenants of sa:d promiuory note and th~a mwt9age any or either sre nol
iuly, promptly a~d futly perfwmed, discharged, execwed, eifected, completed, compfied with and abidrd by, then in either or any such ewm the a~d ag
gregate sum menta~ed in said promissory note then remaining unpaid, with interest acuued, and all. moneys setured htreby, shall betome due and pay-
able forthwith, w thereafeer, at the option of said MORTGAGEE, ss f~lly and comptetety as if ~II of the ~sid sums of money were wiginally stiputated
to be paid on s~?ch day, anythi~g in said promiuwy note or in this 1Nortgage to the conrra?y notirithstanc~inpi and thKeupon or thereafter at tF~e option of
said MORTGAGEE, without ootke w demand, suit. at law w in equity, thero~ofe a tFKreaiier beguo, rt?~y be pro3ecuted es if all ma?eys secured hereby
had matured pnOt to its inStitutio~. •
7. ihat in fhe event that at the begi~ning of o? at any time pcnding any suit vpon~ia Mor.tgags, cr to fweclose i1; -ot to reform it, w to enfores
payment of any claims hereunder, wid MORTGAGEE shall apply to: the Caxt havirSg jurisdidion ehsrepf. 4w the appanfinent of s Recei~er, suth CouA sha~~
forthwith appoint a receiver of said mortgaged property all a~d stngular, inctud~ng atl and singular the income, profits, iuves and revenues from whatever
wurce derived, each ~nd every of which, it being expressly under;tood, is heroby mortgaged as if specitically xt fath and de~uibed in the 9rsnting and
habendum clavses hereof, and such Receiver shalt have sll the broad and cffective furxtio:~s and powen in anywise entrvsted by a'Court to a Receiver, and
such appointment shall be made by such Court as an admitted equity and s mstter of• absolute r'ght to s+id MORTGAGEE, and witiqul reference to the
edequacy w inadequacy of the value of the prope~ty mwtgaged or to the wNency or~insolveocy oi said MORTGAGOR or the" defendants, and that such
rents, profiri, income, iuues and reve~ues shall be applied by svch Receiver according to tM lien w equity of said MORTGAGEE and the practice of auch -
CouA.
8. To duly, promptly and futly perfwm, discharge, execute, effect, complete, comply with snd abide by' esch and every the stipulations, agrcements,
conditions and covenants in sa~d promiuwy rrote and th~s mwtgage xt fwth.
9. That in the event the ownership of the mortgaged premiscs, or any part thereof, becorrses vested in s pe?son other fhan the MORTGAGOR, the
MORTGAGEE, its succeuors and auigns, may, without notice to the MORTGAOR, deal with such successw or successor in interest with ~eference to this
mortgage and tF~e debt hereby secured in the same manner as with Mortgaga witFaut in any way vitiating or discharging tlx Mortgsgors' liability. here-
under or upon the debt hereby secured. No asle of the Fremises hereby mortgaged and no fwbearante on the part of the MORTGAGEE w its successws
or auigns and no extension of the time for the payrrKnt of the debt hereby setured given by the MORTGAGEE or its svccessors o? auigns, shall operate
~o release, discharge, modify change or affett the orginal liability of the MORTGAGOR herein, eifher in whole w in part.
10. It is speufically ag~eed tha~ time is of the essence of this contract and that no waiver of any obligatiw+ hereunder w of the obligation sa-
cured htteby ihall at any time thereafter be held to be s waiver of the terms hereof w of the instrumeM setured herby.
11. In add~tio~ to the fwego:ng mo~thly payments of princ:pal and interest required by the promissory no?e secured hereby, mortgagor covenants
and agrees to pay to mortgagee with each monthly payment an addi~anal surt~ estimated by mwtgagee tu be equal to 1/12 of the annual cost of the fo~low-
ing:
A-All real property taxes levied or assessed against the above dexribed 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 such matgaqe guaranty insurance as mortgagee shall from time to time deem fit to carry on the {oan secured hereby. ~
'i Morigagee shall from time to time notify mortgagor in writing of the amount ~due and paysble hereunder s~d suth sum shall thereupon be due and
~ payable on the due date of the ne:t monthly payment and each successive month thereaftzr urtil mortgagee shall notify mortgagor of a change in such
~ amount. $uch sums shall be applied by mortgagee toward the payment of real property faxes, insurance prem.ums, and motigage guaranty insurance
premiums. .
IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid.
Sealed and livered in the presence of: ~ •
s +~ifi ~ ~21tf +n
aq
o °
, i~ aq
~ r= QpYli • ~ ~an
~
STATE OF P~ Mf `~.t1~gal1 ~ -
/ S5.
COUNTY Of `,~n~,~-~ ~ ~
Before me personally appeared L~O J• ~ eienski • and
DOl'~d D• Kaieie~skf his wife, to me well known snd kno~,4p ~'to be
the individuals described in and who exetuted tF~e foregoing instrument, and acknowledged befwe me that they executed the sart?e ~ht~. ~,~poses '
tca ci~ski -~34'~ •r'-,..'~
thercin expressed. And the said DOraa D. j '{;s'~ .
wife of the said L@O .1. I~djC~!lIS~ ~~i~~1k~ nd pfivats
examinaYwn by rrK taken separate and apart from her said husband, atkrawledged to and before me that she exetuted said ' t~?db f~lly~~
~ue~
rarily and witho~t any compulsion, constraint, apprehension,~ fesr of or from her said husband. ,~r I~
WITNE55 my hand and official seal this ~ day of • •A-:
` ~
~ _ , :.c i ,
i
otary Public in a fw the s~' fe'~Q~f `=~;:~i^~ `
~ ' M Commiuan e ires: ~
r ~ "~~a-~~~9;.;%~~?~'~, - `
Return To: • • ~ " • ; -
First Federa) Savings 3 loan Association r:~ ~~~'•~.......'s -
f : ~ J~ ;
Of Fort P~erce. ~ - ~ ~ '
. _.i
Fort Pierce, Flwida r~~~~~~+•~~~
ftLFD~1MD .
1'T;LIlCtE COUM7'Y~A.
This Instrument Prepared By J~ p~ Robert8~ J!• C~fRK~C RCUt
CT~Oy~T ~
First Federal Savings b Loan Associafion RECORD VfR=FIEO~~
, of Fort Pierce~ Floridg
~ - I~r 9 2~-~t'73
Checked By ~
BOOK 214 F~ 21~ z s4zss
~9.
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