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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. ~ - - - " _ ~y . r F r._ ~ - ---s-- - + i ~ ~ ~ ~ ~ .~"W >S _ P"~§t,t}- ~-~wYY 1 ~~~r~p",~,. ~ ~ ~~i':•,~,w ~+~Ti~. ~'~~''.~~l~r Z . v .~~....:s~c.=.~'_.''~~'-',~`s~.c.s... _