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HomeMy WebLinkAbout2046 To place and continuously keep on the bul'd~ngs now or hereafter ~ituate on sa~d Isnd and on ~Ii equipnent a~~d pe~sonal~y covered by this mortg- age, with all premiums Ihereon pa~d in full, (ire in~uronce ~n 1he u~ual standard po~~ty form, i~ ~ sum app~oved by Ihe MORTGAGEE, a~d w~~d~io~~n insurance in ths usu~l ~iandard po~~cy tam, in s sum approved by the MORTGAGEE, in iuch canpa~y • or canpames as the MORTGAGEE may d~rect; and all fi~e and w~nd~~orm insuronce poliues on sny of sa~d buitd~n~s, ~ny intere~t tMrein or part thereof, fn the +gyrcg+~e tum afo~e~a~d or In extefi thcteof, ~hsll conlain the vsual st.ndard mortgayee clavse or suth other claute at tM Mortysgee may reqvir~, makinp the lou under sa~d polN cFes, each and every, payable to said MORTGAGEE as ~rs interest may appea~, and each aod every iuch policy ihatl ba pra*~p~~Y as: gned and del~verrd to any held by said MORTGAGEE si fu~~hm aecurity to uid matgage debt, and, no~ lesf than ~en (10) dayi in advance of ~M expira~~on oi each poGcy, ?o da IivN lo said MORTGAGEE a~axwal thereof, ~ogetha vri~h a rece~pt fw the pr~mwm of such ienewal; ~nd there thall bs no fire or wlnds~orm insurance placed on ~ny of ~aid b~ildings, any inrerest therein w parl thercof, v~lesa in the (orm snd w~th tht ~oss payable as sfaessid; snd in the evenl any sum of morNy bccomei payable under such policy w pol~cies iaid htORTGAGEE shall Mve ths opHO~ to receive and apply the ~ame on account ol the indebted- nes~ setured hereby o~ ro pe~mit said MORTGAGORS lo receive and use it w any pa~t thereof fw o:~cr purposes, w~~hout ihar~b~ wai~i:~g o~ ~~nP~~~' ing ~ny equ~ty, lien p right under or by v'utue of thii ma!yage; •nd +n the ~vent said MORTGAGORS sMll ior any reason fail fo keep 1he seid premisas w i~sured, a fail ro deliva p~ompNy a~y of uid po~icies of inswance to sa~d MORTGAGEE, w Fail promptly to pay lufly any premi~m iherefor o~ in a~y respect fail ro perfam, d~scharge, execute, effett, comptete, compiy wirh and abie~ by th~s_cove~ant, a any par~ hareof, sai~ MORiGAGEE may p~ace and pay foI tuth insurancs or any part thereaf withouf waiving o? affedirg any opfbn, lien, equ~ty, w rigM under o~ by virtue of this Mor~gage, a~d the ? ful! amount of each and every wch payment shell be immediately due and payable and shall b:ar interest from Ihe dato thereof un~il pa+d at the rate ol ~ nine per centum pe~ an~um and ta~ether with suth intcroat shall be secured by lha lien of this mortgsge. To pamit, commit or suffer no waste, impairmeM or deterio~ation of said proptrty or ~ny psrt theteof• S. To psy all and singutsr ths costs, charges snd expenses, including a reasonable at?orney i fce a~d costs of abstracts of titte, incurred or paid a~ any time by sa~d MORTGAGfE, because a in the ~vent of the failure on the part of the said MOR7GAGOR to duly, promptly and fully perfam, d~scharge, execute, e(fect, complete, comply w~~h and sb~de by aach and every the u;~la~~ons, agreements, conditiorts, and covena~ts of said promissory note and ~his mortgage any a either, and said cosn, charge~ and expe~ses, e~ch and every, sMll be immadiately dve ~nd payable: whether w not ~here be ~o~~ce dr mand, attempt ro coliect w svit pend~ng; and the full amovnt of each and every such paymeM shall bear interes~ from the dafe tMreof until paid a1 the rate of nine per cemum per annum; and all said costs, charges and expenses incurred o? paid, togefher w~?h such interest, shall be secured by the lien of this mortgsgs. . 6. That (e) in the event of any breach o( thia Mortgage or defautr on tM part of the MORTGAGOR, w(b) 7n the event any of sa~d sums of money herein ~eferred to be oot prompfly and fully psid within thirty (30) days oext afrer tha same xverally become due and payable, without demand or no~ice, or (cj in the event each and every the stipvtations, agrcerrKnts, co~d~tions and covenants of sa:d promissory note and th~s mwtgage any or ei~her a~e nof i~ly, promptly and fully performed, d~xharged, exewted, effected, compteted, camp:~ed with and abided Sy, then in either w a~y iuch even~ ~he seid ag gregate sum menrianed in said promisswy ~ote then remaining unpaid, wilh interest acuutd, and all moneys securcd- hereby, shatl betome due and pay- able fwthvrith, or ~hereaFter, at the option of said MORTGAGEE, as fully and completely as it sIl of the said sums of money were w~ginally stipulated to be paid on such day, anything in sa~d promisswy note or in this Mortgage to the contrery no~wi~hstan~ing; and thereupoe or thereafte~ at the option of iaid MORTGAGEE, without ~ot~ce w demand, suit at law or in eqvity, therefore w thereafte~ begun, may be prosecuted as if all moneys tecured hereby had matured pnw to ds instituhon. 7. That in fhe event rhat at the beginn~ng of w at any time pending any su~t upon this Mor~gage, or to foreclose it, or to refum it, or to enforce payment of any claims hereunder, said MORTGAGEE shati apply to the Covrl having ju~isdiaion thereof (or the appointment of s Receiver, such Court shall forthwith sppoinl a receiver of said mortgaged property all and singular, includ~ng all and singular the income, profits, issues and revenues from whatever s~~rce derived, each and every of which, it being expressly ~enderatood, is hereby mortgaged as if spec;fica1ly sef forth and desuibed in tFx g~anri~g and habendum clauses hereof, and such Receiver shatl have alt ~he broad and effecrive funct~o~s and powers in anywise entrusted by a Court to s Receiver, and s~ch appointment shall be made by such Court as an admitted equity a~d a matte~ of absolute right fo said MORTGAGEE, and without reference to the edequaty a inadequacy of the value of the property mortgaged or to the sotventy or insolvency oi said MORTGAGOR a the defendants, and ~hat such rerns, profits, income, issues and revenues shatl be applied by such Receiver accwd~ng to the lien or equity of wid MORTGAGEE and th= practice of such CouR. 8. To duly, promprly and fully perform, discharge, execute, effect, comptete, comply w~th and abide by each and every the stipu:ations, agreements, conditions and covertants in sa~d promissory note and this mwtgage set forth. . 9. That in the event the owRership of the mcrtgaged prrmises, or any part thereof, betomes vested in a person other tha~ the MORTGAGOR, the h'.ORTGAGEE, its sucteisors and assigns, may, without notice to the MORiGAOR, deal rfi~h such successw or successor in interest with refere~ce to this mortgage and the debt he~eby secured in the same manner as with Mortgagor without in sny way vitiating or discharging the 111o~tgagori liability he.r ~r~der or upon the debt 1~ereby sec~red. No sate of the Fremixs hereby mortgaged and no forbearente on the pa~t of the MORiGAGEE or its successors or assigns and no extension of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its successors w auigns, s~wll operate to release, d~xharge, modify change o? af(ect the orig~nal liability of the MORTGAGOR herein, either in whole or in pa~t. 10. It is spec~fically agreed that time is of the esxnce of th~s contract and that no waiver of any obl~gar~on hereunder w of the obligation se- cvred hereby shali at any time thereaf~er be held to be a waiver of the terms hereof w oi the instrument secured herby. 1 L In aod:uo~ to the forego'ng monthly paym-nts of princ pal and interest req~ired by the prom~:sory no!e secured hereby, mortgagor covenants 3nd ayrees to pay to mortgagee v.~th each monrhiy payrnent an add~rional sum estimaled by mortgagee to be eqoal to 1; 12 of tfie annual cost of the follow- :ng: A-All real property tazes levied or assessed ag~i~st the above described real estate. B-Prem~ums on fire and windstorm insurar.ce as herein requ~red to be carried on the improvements situate o~ the above destribed premises. i C-Premiums on such mortgage guaranty insurar,ce as mortgagee shall from tlme to time deem fit to tarry on fhe loan secured hereby. Mortgagee shall from ti~ne to t~me norify mcrtyagor in writing of the amount due and payable herevnder arxl such sum shall thereupon be due and F.ayable on the d~e date of the next month!y paymertt and each successive month thereafter ur.til mortgagee shall notify mortgagor of a char?ge in such ~ a>~ount. Such sums sha~l be appiied by mortgagee :oward the payment of real property taxes, insurance ptem.ums, and mortgage guaranty insurance ~ p•emiums. i IN WITNESS L•~HEREOF, she said MORTGAGOR has herevnto set his har.d and seal the day and year first afwesaid. ~ Sign ~ Sealed and delivered in the pr nce af: i _ ~ ~ Sesl) ~ _ -~i D it.G~.a~w....v `J~,~n .1ft~_.L.ia- ~ (Seal) _ _ (Sea4 ~ 1 (Sesq z ~ STATE OF fLCRIDA ~ St. Lucie couNTr oF Befwe me personally appeared Ra 1 nh StOj~}COIVl t 7 snd Roseanne StO~}COZVlt2 his wife, to me well known and krawn to me to be rhe individuals desuibed in and who executed the foregang instrument, and acknowledged before me ihat they executed theyaa+a fw the purposes ~ Roseanne Stopkowitz ` rherein expressed. And the said ~ Ral~h St~nkowitz s~,,,~ and private ,tiife of 1he said - e,camination by me take~ separate and apaet from her said husband, atknowl!dged to and before me that she executed said instrument freely and volurr ~ rarily and without any compulsion, constraint, spprehens`on, or fear of ur from her said husband. 22n C1 ?un e 7 3 ~ WITNESS my hand and officlal ual thi~ day of A- ~9 F:~ ~ ~ ary ubtic in and fw t State of Ftwida ~t large spf 0 ~~n ~~~~$pf~ My Comm~ssicn e:piroi: Return To: ~i~~;~ j',(~((~n ~~.A- Firsf Federal Savings 3 loan Associstion ~y~R, i'~`TR~; Of Fort P:erte. ~`~4?~ ('il•i~ 1{IT S'it1U~ ~ . .1+,. Jin:'t ot flORIDA !R LAR6E _ r~-~ED....~----- s':.='~ ' ~c: Fort P~erce. F~o.~da Rf~~Ft Yf - f foIRE~ IAN. 7. 1977 ~-1 ..o...~.~ msuraac0 Co~ . ~ ~i 15 ~ ~ ~ . _ . - ~ - ~ ` ~ = ~ This Instrument Prepared By Richarci K. Kay~s - • . . _ ~"e First Federal Savings & loan Association _ i ~ ; _ ~ j „ ~ of Fort Pierce , F~orida ~~0 • n ~ ~ ' ~ . . , . ~ Checked By - ~ 6oox2~5 ~~~=20~3 . :t~ ~ ~ - - - - _ ~ - n~ - _ . ? zui =G-'e <f ? t.; S'3i - _ v..~ ~ . . . _ ~s~