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HomeMy WebLinkAbout0482 To plac~ and continuou~ly keep on the bui!dinys ~ow or Fureafter ~~tvat~ on ~~id la~d ~nd on all equ~pnwn~ and pe~sonally covered by this morty- p~, with al) premiumi lhereon pa~d in full, lire insurance i~ the usual ~~and+rd poticy fam, in a ium app~oved by ?M MOR(GAGEE, and wind~torm inswu~ce i~ tM usual ~tanda~d pol~cy (am, In • sum ~pprov~d by tM MORTGAGEE, in tvch tompany o~ comp+niy +s ~M MORTGAGEE may duectJ ~nd all (ir~ and w~e+dsrorm insurance polKisi on ~ny of said b~ild~nps, any Intere~t thsrei~ o? part thereol, in tM a~g~e~aa sum ~fa~fa~d or in ~zcess thereof, ih~ll contain th~ uiual standard maiyayse clauie w such other claua +i ~M Ma~9a~N may requit~. makinq Ihe lou uoda sa~d po1M ctes, c+ch and ev~~y, payabl~ to said MORTGAGEE as it~ interesl may ~ppea~, +nd e+ch and evay ~uch pol~cy shall be promptly a~s.qncd a~d delivered to ~ny held by said MORTGAGEE +s tur~he~ saurity to said mat~aqe debt, and, not teu th~n ten (10) d+ys in advance of the eapirat~on of each po1Ky, to da IivN lo said MORTGAGEE a renew~l the.eof, to~ether with s r~ceipt fo~ Ihe premium of such renewal; and Ihere shall be no fire or wi~ds+o~m insur~nt~ pl~c~d on any of said buildinpi, any interest the~ei~ or part thereof, unleu ie? the (orm ~nd wi~h 1M loss payabl~ as atwetaidj and in ti+~ ~vent any tum of monty becomei payable ur+det such policy a policies said MORTGAGEE shall hsve the option to receive and appty the san+e on account of the indeb~ed~ neu secured hs~eby o? fo permit faid MORTGAGORS to receive snd ua~ it q anY Fart thereo( fw othcr purposes, witho~t ~harcb~ waiving or m~pair- ;ng ~ny eq~~ty, lien w rght undei w by virtue oi this mo:sgags; and in tM eve~t ~s~d MORTGAGORS shall iw any reason fail to keep the said premises so insv~ed, or fail a delive~ promptly any of said polities of insurance to said MORTGAGEE, w(ail p?omptfy to pay fully any premium therefor or in any respect fai) to pNto~m, discharge, executs, eifett, complete, compty wi?h and abide by this mve~anl, a any part 1?ereof, said MQRTGAGEE may place a~~d paY fw such insurancs or ~ny pu1 thcreof without waivir~g a affedinp any optian, lirn, equity, w right under w by virtw of this Mortgage. and the full ~movnt of each and every iuch payment shall be immediately due and paysbte and shall bear intercit from the dats thcreof unti! paid at the rat~ of nine per centum pe~ annum and togelhe~ with suth interes~ shall be stcured by the lien of this mortgage. 1, To permit, commit or suHer no waste, impsirmeN or deterioratan of said p?operty or a~y part thcreof. . 5. To pay all and singulu the costs, charges a~d expenses, including a ressonable attw~ey i fee and cost: of abstracts of title, incurred w paid at any time by wid MORTGAGEE, betause o~ in the event of the failure on Ihe part of the said MORTGAGOR to duty, p~omptly and fully perform, d~xharge, execute, effect, complete, compty with and ab:de by each and every ~he stipufations, ag?eements, conditions, and mva~ann of said promissory note and this mortgage ~ny w e~ther, and said-costs, charge~ and expenses, each and every, st?all ba immediately due and payable; whether w not there be no?ice do mand, atfempt to colled w suit pending; snd the full amount of each and svery ~uch payment shall bear interesf from the date thereof u~til paid at ~h~ ~ate of nine per centum per annum; and all said costs, charyes and expenus irKUrred or pa+d, togethcr wAh such imerest, shall be secured by the lien of thw mwfgsge. b. That (a) in the eve~t of any breach oi ~his Mortgage a default on the part of the MORTGAGOR, or (b) in 1he event a~y of sa~d :ums of money herein roferred to be not promptly and fu11y paid within ~h'aty (30) days nex~ after the same severally become due and payable, wi~hout demand w notice, or in the event each and every the slipulations, agreements, cond+tions and covenants of sa~d promiuory note and this mwtgage any a either are not ~uly, promptly and fully perfwmed, d~uharged, executed, eifected, completed, complied with and abided by, then in either or any iuch evem the said ag gregate sum memioned in said promisswy note then ~emaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay- eble forthwith, w thereafter, at the option of said MORiGAGEE, as fully and comple~ely as ii all of the said sums of money were aig~nally stipulated ro be paid o~ such day, anything in said p~omisswy note or in this Mwtgagq to the contrary notwithstanding; and thrreupon o+ thereaiter at the opiion of said MORTGAGEE, without notice or demand, suit at law or in equity; theretore or thereaiter begun, may be prosecuted as if al~ moneys secured hereby had matured pnor so its institution. • . 7. ihat in the ~vent that at the begin~ing of w at any ~ime pending any suit upon this Matgage, or•to foreclose it, or to reiorm it, or to enforce paymenl of any claims hereunder, said MORTGAGEE shall apply to the Court havint~ jurisd~c~ior? thereof for ~he appo~ntment of a Receiver, :uch Court shafl Forthwith appoint a receive~ of said matgaged property all sr?d sirgular, irxlud~ng all and singular the inct?me, proiits, issues and reven~es from whate~er ' source derived, each and every of whKh, it being expressly understood, is F+ereby mo.tgaged as if specifically set forth snd described in the yranting and { habendum clauses hereof, and such Receiver shall have aU the txoad and effective funct~ons and powers i~ anywise entrusted by a Court to a Receiver, and :~ch appointment shall be made by such Court as a~ admined equity and s matter of absolute right to said MORTGAGEE, and withovt refererxe to the adequacy a inadequacy of the value of the property mortgaged or to the soivency or 7nsolvency of uid MORTGAGOR or the defendants, and that such renfs, profits, irxome, iu~es and revenues shall be applied by such Receivcr according to the lien or equity of said MORTGAGEE and the p~acY~ce of such Court. 8. To duty, promptly and ful~y perfwm, discharge, execute, effect, mmplete, comply with and abide by each and every the stipulations, sgreements, condit'aro and covenants in sald promissory rwte and lhis mo~page set fwth. 9. That in the event thr ownership of the mortgaged p~emises, o? any part thereof, becomes vested in a person olher than the RAORTGAGOR, the MORTGAGEE, its successors and assigns, may, without rwtice to the MORTGAOR, deal with sucfi successor o~ successa in interest with reference to this morlgage and the debt hereby 'secured io the same manner as with Mortgago? withovt in any way vitiating or diuharging the Mwtgagors' liabitity herr unaer or upon the debt hereby_secured. No sate of the Fremises hereby mo~tgaged and no forbearance o~ the part of the MORTGAGEE w its successors or assigns and no extension of the tiroe fw the payment of the debt hereby secured given by the MORTGAGEE or its successors w auigns, ahall opetate ~ to release, discharge, modify change w affect the original liability of the MORTGAGOR herein, either in whole w in psrt. 10. It is spec~fically agreed that time is of the essence of this contract and thal no waiver of any obligation hereunder or of the obligaYan st cured hereby shall at any time thereafter be held to be a waiver of the terms hereof w of the in;trument secured he~by. 11. In add~tion to the fwega:ng monfhly paymenfs of princ:pal and interest required by the promissory nore secured hereby, mwtgagor covenants and agrees to pay lo mortgagee with each momhly payrrunt an addi~ional sum est~mated by mortgagee fo be equa! to 1 f 12 of the annual cost of the follow- ing: A-All real property taxes levied or asseszed againsY thc above described real estate. d-Premiums on fire an~ windstorm insvrance as herein requ~red to be canied on the improveme~ts situate on the above described premises. , C-Premiums on such mortgage guaranty insurar~ce as mortgagee shall irom t~me to time deem fit to carry on the loan secured hereby. Mortgagee shall from time to time not~fy mortgagor in writing of the amount due and paysbk hereunder snd such aum shall thereupon be due and Fayable on the due date of the next month".y payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a change in such ~ ! a^lount. Such sums shall be applied by mortgagee toward the paymenf of real property taxes, insurance prem.ums, and mortgage guaranty insurance ; oremiums. + ~ IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and first afwesaid. ~ Signed Sealed ar~jdelivered in the resence of: - ~ ~-Q~ /f ary ; ~ -~L ` S~aq ~ ~ G ~n (Seaq STATE OF fIORIDA ~ St. LuCie mi~Mtt OF Before me perwnally appeared Demetrios J• J~8 and LO~B R• JOl168 his wife, to me welt known and known to me to be the individuals desuibed in and who executed the foregang instrument, and acknowtedged before me tFwt they e:ecuted the same fw the purposes therein expressed. And the said ~OiB R• JOT198 w~fe of the wid Demetrios J• Jdfl98 upon a sepsrate and privsts e,~aminaYwn by me take~ separate and apart from her said husband, atknowledged to snd before me that she exetuted said instrument freely and volun- rariiy and without any compulsan, constraim, apprehens7on, Qr fear of w from her said husbsnd. ~ ~ WITNESS my hsnd and offiual seal this day of A. D. 19 73 Notary Pu in snd fot t State of Florida at Larpe ~ " My Com ssion expires:~ ~Q 73 ~ Retum To: First Feders) Ssvings b Loan Association , - ~ Of Fort P~erce. ~ " . .,.~u~~i~~~~~- c~. . Fo~+ Pierce, Florida ~ ~ ~ ' " fIIED ~yC REC~RDED ~ _ ~ . • - , ; ~ ~ ~ ST.IUCiE COUH Y f~A. ~ - ' ' - [ ROCi.R?QtTRAS : ~ ' ~ CIEiiK C~ ~i.u! i CCURt ~ ~ This Instrument Prepared By ThOi~as A. I~'iSC011 : RE~ORf ~!'F~f~E~~----+-- First Federal Sav~ngs & loan Assaiation C' ~ 'Q 26 N~1'73 of Fort Pierce~ F101'1d8 . : . ~ - ' r~ Checked By . ~ A/ `w~ ~'y/ ~ . ~r~ ~ j i t ` ' . f~ISZSO I '=tf~~~~~~~~~N``~ . B~oK 214 PACE 483 ~ ~ ~ _ ~ ~ _ _ - _ _ - - - ~ - _ _ - s ~.~~~a ~ s - - r~-~~~ , _ ~ ~ ~ .y:X y . J. . ' . .