HomeMy WebLinkAbout0478 To plx~ and continvously keep on tF+~ build~ngs r+ow a Mrea(qr iitua~~ on iaid I~nd ~nd a? all aquipment and p~rtionatly cov~red by this mor~Q~
~9~, wi~h •II prtmivny ~hercon pa~d in (ull. (ira in~vrancs ~n tM uival sundud policy tam, in • ~um ~pprov~d by the MORiGAGEE, and w~ndstwm
i~suranc~ ie~ tM usvat ~u~dard pol~cy fam, i~ a sum ~pprovsd by tM MORTGAGEE, in wcF~ comp~ny o~ comp+n~~s as tM MORTGAGEE ~n~y
du~c~t ~nd all fir~ and w~nds~orm in~uranc~ poliues on any of iaid build~nps, any Inter~~t therain or par~ thereof, in tl» app~ey~~~ sum ~for~said w
in ~xceu Ihereof. slull contai~ IM usval standard mat9a~ clauss a:uch o~her claut~ u tM Muly~ye~ may rpu~r~. makinp tM tou unda ss~d po1F
cies, eacA and sve.y, payable to said MORiGAGEE as its inie~e~t m~y appear, and e~ch and ~very f~ch policy sh~ll be prompt~Y +u 9"ed a"d de~~vered ~o
~ny held by said MORtGAGEE as tur~her ~ecurity to s~id mwtyape debt, and, not I~ss tl+~n tsn (10I d~ys in advance of ths expir~~ion of each policy, to d~
IivN to said MORTGAGEE a renewal ~hereof, tape~her with • rece7pl for 1M pemium of tuch reoewal; and ~here shall b~ ra i~~e o~ w~ndslo~m insuranc~
pt~c~d on ~~y of said buildings, u+y IMtre11 thereio w part therwf, unkis in tl+e fwm ~nd wi~h th~ loas pay+bl~ as afa~~aid; +~+d in tM •vent any sum
of mon~y becomes payable unda iuch policy a polK~es sa~d MORTGAGEE ihall F+~ve d» op~ion :o receive and spply Ihe s+me on accoun~ of tM indebted~
ness secured Ixrsby a to permit said MORTGAGORS to receive aod us~ it or any pa~t thereof fw o~hcr purposes, w~thout ~h;.~b~ wai~i~x~ w~mpair-
iny any equ~ty, lien a right under or by virtvs of this mo:tps9e: +nd in tM event said MORTGAGORS shall iw sny resson f~il to kcep the said prem~srs so
insured, o? fail ro deliver promptty ~ny of said polities of insurante to taid AM1ORTGAGEE, a fai) promptly to pay fully ~ny premivm Iherefu a in any
re~pect fail b perform, diuharge, executs, efFed, complere, comply with and abids by this tovenant, a ~ny part herwf, said MORTGAGEE may p~+ce ~~d
pay fw tuch iniuranct o+ any part ~hereof without weiving or affectinp ~ny option. Ikn, equity, w ri9h~ under w by virtw of this Matpsge. and the
fu11 ~mount of c+ch and every ~uch psyment shall be lmmediately due and p+yable ~nd shall bear interest f~om the date thereof until paid at the rate of
nine per centum per annum and to~ethe~ with suth interest shall be secured by the lien of this mort9~ge.
To permi~, aommit o? suffer no waste, impairment o? detcrioration of taid propNty or a+y pa~f thereof.
S. To pay all and :ingular the costs, charges and expenses, including a ressonable attaney's fee and costs of abstrads of title, incurred a paid st
any time by said MORTGAGEE, betause or in the event of the tailure on 1F?e part of the said MORTGAGOR to duly, promplly snd fvlly perforrr4 d~uharge.
execute, eifect, tomplete, comply w~th and ab:de by each and every the stipulations, agreements, conditions, and covenanb of said promiswry nota and thii
mortgage any a either, and said costs, charges and eapcnses, cach and every, shall be immediately due and psyabte; whether w not there be notice d~
mand, attcmpl to colltct w wit pendingt and rhe full arravnt of each and erery s~th paymenl shall bear interest from ths date thereof ~ntil paid at the
.a~r of nine per centum pe.v annum; and all said costs, charges and eapenses incur~ed or paid, Iogett~er with such interest, shall be sacured by the lien of this
mort9a9e• !
6. Tha1 (a) in the evenf of any breach of this Mortgage or default on the psH of the MORTGAGOR, a(b) in 1he svent a~y of said sums of money ;
herein reterred to be not promptly and f~lly paid within thirty (30) days rxxt after Ihe same seve~ally become due and payable, wi~hout demand w rwtlce.
or (c) in the event each and every the stiputations, agreements, conditions a~d covenants of sa~d promiuory note and ihis mortyage any a either are no1 _ ~
~uly, promptly and fully performed, d~uharged executed, eifected, completcd, complied with and abided ~iy, the~ in either w any such evenl the iaid aQ ~
gregate :um mentioned in said promissory note then remaining unpaid, with interost sarued, and all moneys setured hereby, shsll betome dw and pay-
able fo~thwith, w thereafter, at the option of said MORTGAGEE, as fully and completely as ii all of the wid sums of money were originally stipulated
?o be paid on such day, anything in sa;d promissory note or in this Mortgage to the contrary notwithstsnding; and thereupon or thereafter s1 the option of
said MORTGAGEE, without notice w demand, suit at law or in equity, therefore w thereafe~r begun, msy be prosecuted as if all moneys tecvred hereby
iiad rtutured prior to its institution. _
7. That in the event that~at the beginn7ng of a at any time pending any suit upon this N4ortgage, w to fweclose it, or to reform it, or to enforce
payment of any ctaims Fxre~nder, said MORTGAGEE shall apply to the Court having jurisdiction Ihereof (w the appointment of a Receiver, such Cour1 ahall
forthwith appoint a receiver of said m«tgaged property all ar~d singutar, includ~ng all and siogular the income, profits, issues and revenves from whatever ;
source derived, each and every of which, it being expressly understood, is hereby mortgaged as if specifitally xt fwth and destribtd in fhe granting and
habendum ctauses hereof, and such Receiver shall have all the broad and effective funct~ons and powers, iq a~ywise entruated by a Court to a Receiver, and
such appointment shall be made by such Cou~t as an admitted equity and a matter of absolutt right to said MORTGAGEE, snd withouf, referente to the :
adequacy w inadequacy of the value of the p?operty mortgaged or to tFx sowency or insolvency' of said MORTGAGOR w the defenda~ts, and that such i
rents, profits, intorne, issues and revenues sha~l be applied by suth Reteiver according to the lien or equity of said•MORTGAGEE and the practite of suth !
Court. . , t
8. To duly, pramptty and fully perform, discharge, execute, effM, mmplete, comply with and abide by each and every the stipulations, agreements, ;
ccnditans and covenants in sa~d promiasory note and Ihis rr~ortgage set forth. ' !
9. That in tF~e event the ownership of the mwtgaged premises, w any paA thereof, becomes vested in s person other than the MORTGAGOR, the ~
hipRTGAGEE, its successors and auigns, may, without notice to tFx MORTGAOR, deal with such succeuor d s~tcessor in intcrest with refe~ence to this !
mortgage and the debt hereby secured in tF~e same manner as with Mortgaga without in any way vifiating w dixharging the Mortgagors' liability Fxrr i
under or upon the debt hereby'secuied. No sale of the premises hereby mortgaged and no fo~bearante o~ the part of the MORTGAGEE a its sutcesaon i
or assigns and no exte~sion of the time for the payment of the oebt he.eby secured given by the MORTGAGEE or its successors or assigns, shall operate j
ro release, discharge, modify chsnge or affect the original liabil~ty of the MORTGAGOR herein, eitFror in whole or in psrt. 4
10_ It is specificatly agreed that time is of the e:sence of this contract and that no wsiver of any obligation hereunder w of the obligation se- ;
cured hereby shall at any time thereafte~ be held to be a waiver of the terma hereof or of the instrument secured herby.
11. In add~tio~ to the fwego:ng momhly paymeNS of princ'pal and interest required by the promiuory note secured hereby, mortgagor covenants ?
and agrees to pay to mortgagee with each monthfy payrnent an add~~ional sum estimated by rrrxtgagee to be equaf to 1/12 of the annual cost of the follow-
ing:
A-All real property taxes levied or assessed against the above described real estate.
, B-Premiums on fire and windstorm irtsurance as here~n requ~red to be carried o~ the improvements situate on the above described premises.
C-Premiums on such mwtgage guaranty ir.surar~ce as mortgaqee shall from t7me to time deem fit to carry on the loan setured hereby.
Mwtgagee shall from time to time notify mortgagor in writi~g of the amount due and payable Mereunder and such sum shall thereupon be due and
F.ayable on the due date of the next month:y paymem and each successive month thereafter ur.til mortgagee shall notify mortgagor of a change in such
' a~~ount. Such sums sh.ail be applied by mortgagee toward the payment of real p~operty taxes, insurance prem:ums, and mortgage guaranty insurance
~ premiums. -
~ IN WITNESS WHER£OF, the said MORTG~CGOR has hereunto set his hand and seal the day and yta? fint aforesaid_
Signed, Sealed and delivered in the presence of: -
a an
~ J2?COb A MLU1 aq .
a
' n
- q e ne ~ . Mun ~a~
STATE OF FLORIDA
S5.
couNrY oF St. tucie i
8efore me personally appeared ~aeob A. Munyak a~
Jaequeline L. Nunvak his wife, to me well known and known to me to be
the individuals desuibed in and w!w executed the f egoing instrument, ar~d acknowledged before me thst they executed the same for the purposes
therein expressed. And the said Jaequel~A@ 1.• Mtl!'1y~K _
~,ife of the wid Jaeob A. riunyak vpon e sepsrste and private ~
exam~nation by me taken separate and apart from her uid husband, ackrawledged to and befwe me that she executed said instrument f~eely u~l;~lu~ . =
tarily and without any compulsion, consrraint, apprehension or fear of or fram her uid husband. ~ ;
WITNE55 my hsnd and offitial seal this llth dsy of "~y a'Q''- E~'~ ~
- .t:~:;-~
~ - C ' ;
~ otary Public in and for the ate of ida~T~lar~e :..s.;• ,
~ y Commiuan expires: 3 ~ ~ _ ~
Return To: ~ P
~ Fint Federal Savings ~ loan Assotiat~on Np~~Ry p~jBL{C, rT~TE~~~~DA st-LA~ _
O~ Fort P~erce. MY CQIIIMISSIOM~~~~` ~~C
Fort Pierce, florida do~~a Th~u G nc•ai't• -u~a~ce~1~ ~
~ = ~
. T,;T~.~` ~ ~
- This Instrument Pre ared B John W. COllins ~/E0 AMD f3ECpR EO
P Y . , f~.IUClE COL'NTIf ~l~- ~
First Federal Savings & Loan Assouation IIOCER POtTitpS , -y `
. of Fort Pierce ~ Flozida CLERK C~~~~~j C6URT '
REGAR4 VFPt~lEO~ ~ ~'1~ ~ .
t
Checked By ~ MA~ `6 'Q ZS ~H ~ 1~ 2~rJ~5
~~Rx 214 ~~E 479 ~
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