HomeMy WebLinkAbout0567 To plac~ and continuously keep on ths buitdi~g~ ~ow o? hereait~r utwq on said land and on all equipmem ~nd penonatly covered by ~hii mort~
aq~, w~th all premiums IFureon pa~d ~n full, fire insurance in ?hs usual sundard policy form, in • ium approved by the MORIGAGEE, and wir+dstam
i~swance in ?M uswl ~tanda~d poi;cy fam, in a?um approved by tM MORTGAGEE, in iuch company w comPan~~s ~M MORTGAGEE may
d'u~ttJ ~nd all fin u+d wi~dstorm iruu~ant~ policies on any of ~a~d build~~+ps, sny intarast therein or part Ihcreoi, in the +yyreya~e ~um alaetaid o~
In ucceu thereof, shall contain tM usual iunda~d mort~agee dwse w such oiFw clause ai tM Mortqagee may reqv~r~; makinp ~he loss unda ~a~d poti~
ciss, each a~d every, payabt~ ro said MORTGAGEE ai its intc~eat may +ppear. ~~d each and every tuch policy shall be prompNy au gned and detivered ~o
~ny held by uid MORTGAGEE ~s turther ucurity to said matgage debt, and not teu tMn ten (10) days in advance of the expiratae~ of each policy, ~o da ,
liver ro taid MORTGAGEE a renewal therwf, Iogethe~ with a receipt for tM p~anium of tuch ~e~ewal; and ~F+ere :hall be no fire a windstoim insur~nce
pleced oe~ sny of said buildings, ~ny intereit ?herein or p+rt thereof, unless in the form and with tM lou payable ai ataessid; +nd i~ tM event any ium ~
of nwney becomei payable uodcr such policy w policies said MORTGAGEE shall Mve ~he opt~on to receive and apply the san+e a? accounf of the indebted-
neu secured hereby or ro pe~mit said MORTGAGORS ~o receive aod ust it or any part thereof ior otner purpoaes, wl~hout ther,:o~ waiving o~ ~~~~pd~~-
ing any equity, lien w right u~der a by vi~tue of this mo:lg~ge; and i~ the event sa~d MORTGAGORS shall for ~ny reason fail to keep the said premises so
~nsured, o~ fail to deliver promptly any of said po~icies of insurance to said MORTGAGEE, or fail promptly to pay fully any premium therefor or in a~y
respect fail b periorm, discharge, execute, e(fect, complete, comply with and abide by thit covenant, a any pa~t hereof, said MORTGAGEE may plsce and
psY fo~ suth insurance or a~y part Ihereof without waiving w aftecting any option. lien, equity. w right undt~ or by virtw of thii Matgsge. and fhe '
full amount of each snd every such payment shall be immediately due and payabte ~nd shall bear i~teres~ from the date thereof u~~il paid at the rate of
nine per centum pe~ annum and to~ether with such interest shall be secured by the lien of thi~ mortgage.
1. To permit, commit or suffer no waste, impairme~t a deterioration of uid p?operty w any part lhereof.
5. To pay ~II and sirgulsr the costs, chargea and expenus, i~cluding a reasonable attorney's fee and costs of abstracts of title, incurred or paid st
any time by said MORTGAGEE, becaux or in the evam of the failure on the psrt of the said MORTGAGOR to dvly, promptty and fvlly perform, d~uharge.
execute, etfect, comptete, comply with and ab~de by each and every the stipula~ions, agreements, condi~ions, and covenants of said p~omiswry note and th2s
mortgage any w eirher, and said cosb, charges and expenses, each and every, shall be immedia~ely due and payabte; whetlxr or not there be notice de~
mand, attempt to mllect ot suit pendirg; aod the full amount of each and every euch payment ihall bea? interesl from Ihe date thereof until p~id at the
rate of nine per centum per an~sum; and all said costs, charges and eapenus incurred o~ paid, togNher with such interest, shall be setured by the lien of this
mMtg~e.
6. That (s) in the event of any breach of this 1Nortgage or deiault on the part of the MORTGAGOR, a(b) in the event a~y of utd sun+s of money
herein referred to be not promptly and fully paid within thirty (30) days nex~ after Ihe sa~ne seve~atly become due and payable, without demsnd or ngtice,
or (c) in the event each and every the stipu~ations, ag?eements, conditioris and covenants of sa~d promiuory note and th~s mortgagc any a eithcr are no1
~uly, proinptly and (ully perfwmed. d~xharged, e~cec~ted, effected. completed, compGed with and ab~ded Sy. then in either w any such eveM the iaid ag
gregate sum mentaned in said promissory ~ote then remaining unpaid, with interest accrued, and all moneys secured hereby, shall betome due and pay-
able fathwith, w thereafter, at the option of said MORTGAGEE, as fully and completety as if all of the said sums of money were aiginally st~pulated
to be pald on such day, anything in said prom~ssory note w in this Mortgage to the co~trary notwithstanding; and thereupon a thereafter a~ ~he op~~on of
ia~d MORTGAGEE, without ~otice w demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if ali moneys secured he+eby
had mawred pnor to its institution.
7, ihat in the event that at tlx beginning of or at any time pending any suit upon this Mwtgage, w to foretlose it, or to reform it, or to enfwce
paymtnt of a~y tlaims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof for the appointment of"s Receive~, svch Court shall t
forthwith appoinT a receiver of said mortgaged property all and singular, includ~ng all and singular the income, profits, issues and revenues from whateve~
source detived, eath and every of which, it being exp•euly understood, is hereby mortgaged as if speti(ically xt fath and~desuibed in the granting and
habendum cla~ses hereof, and such Receiver shall have alt the broad and effect~ve funct~ons and powers in anywise entruited by a Court to a Receiver, and
soch appoimment shall be made by such Court as an admitted equity and a rt+atter of absolute rigM to said MORTGAGEE, and without reference to the
adequscy w inadequacy of the value of the property mortgaged or to Ihe sotvency w insolventy of said MORTGAGOR or the defendants, and that such
rents, profits, irxome, iuues and revenues shall be applied by such Receiver accwding to the lien or equiry of said MORTGAGEE and the practice of such
Court. -
i
B. To duly, promptly and fully perform, diuharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, 4
conditions and covenants ~n sa~d promissory note and this mortgage set fwth. ~
9. That in the eve~+t the orLnerahip of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the
MORTGAGEE, iri wccesaort.md assigns, may, without notice to the MORiGAOR, deal wifh such successw or successo~ in i~terest with reference to this
mortgage and the deist hereby secured in the same manner as with Mortgagor without in any way vitiatirg w diuharging the Mwtgagors liability he~o-
under o~ upon tF~e'tlebt heteby secured. No sale of the Fremixs hereby mortgaged and no forbearance on the part of the MORTGAGEE or its successors
or auigns and no exte~sion of the time for the payment of the debt he~eby secured given by the MORTGAGEE or its successors or auigns, ahall operate
to release, discharge, modify change w aifect the origi~al liability of the MORTGAGOR herein, either in whole or in part.
10. It is speufically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligation se- •
c~red hereby shall at any time thereafter be held to be a waiver of the terms hereof w of the instrumem secured he?by. ~
11. In additio~ to the fwego:ng rwonthly payments of princ'pal and interest required by the prorteissory note secured hereby, mortgagar covenants ~
and agrees to pay to mo:tgagee with each monthly payrnent an add~rional sum est:n~ated by mortgagee to be equal to 1%12 of the annual cost of the follow-
;
ing: ;
A-All real property fa:es levied or assessed against the above described real estate.
B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improvements situate on the above d-scribed premises.
C-Premiums' on such mwtgege guaranty i~surance as mortgagee shall from time to time deem fit to urry on the loan secured hereby.
Mortgagee shall from time to time not~fy mortgagor in writ~ng of the amount due and payable hereunder and such sum shall thereupon be due and
~ payable 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
~ amount_ Such sums sha:l be appiied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranfy insurance
premiums.
IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day~y~r fi esaid.
Sgrxd, Sealed and deliver e~ in the presente of= ~j~~~~ ~
~ p I?M~ RECORDEO ~ a~
~Q~~c~~PO ?RAS`A ~ - ~ Bdsw4d M. Radke, President ~,q
e K EtRCUI? COURT Sesn
pc~~F; YEFi~;~~ ATTBST: ~ ~~7
` °7'~A ~~l~T7 ~ s C' e ~(Seaq
1C ~ Dozis M. Ra~, Secretary
crnrc nc u~mnw ~~1 ~ - ~ ~ ~H - l3 - - - - - - - -
C 1
,
STATE OF FLORIDA ~~J~~ COUNTY OF ST. LllCIE ~
I HEREBY CERTIFY, That on this day of 1"~y , A. D. 19 73 ,
before me personally appeared Ednund M. Radke and ~ris M. Radke
respectively ~ President`and Secretary , of
Bdsar , I nc . , a F lori dt~ Corporation, to me
~ known to be the persons described in and who executed ihe foregoing instrument and severally ack~qyy, ed ihe exe-
~ cution thereof to be their free act and deed as such officers for the uses and purposes therein.` ~~i',t` they
h i instrument is the act a~~~ o~cr on.
a f f i x e d t h e r e t
o t h e o f f i u a l s e a l o f s a i d c
o r p o r a t i o n, a n d t e s a d n d~ ~ ~
pT~.RY~~.~_ ;
W I T N E S
S my h a n d a n d o f f i c i a l s e a l a t F o r t P i e r c e , s a i d c
o u n t}
R ~ s t
a t~
s o 4~'
?his instrw~ent prepared by D. F. lialerger , a ~ ~ Y -
P'irst Federal Savings and Loan Assoc. '
of FoYt Pierce Florida ~ arY P ic, in and for State and' t~c a esaid. ~
' y Commission Expires: et~e;stn ~oi f~ORIDA n LARO~
Mlf COMMtS5t0:1 EXFlRCS DEC. 29. 1975
BOndtd TMU Geee~lf 'nl?~~:~:-e l:nCu:::''~~!f
Checked By~- .
i
sb
g'~kr?~~ fACE ~UC:
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