Loading...
HomeMy WebLinkAbout2323 3. To ptace and continuously keep on fix bui:dmgs now o~ herrafie~ si~uafe on sa~d tand a~d un all equ~p~nant and persona~ly covered by ~his matg- sge, with all prrm~umt thereon pa~d in iull, t~re insurencr ~n the ufuai stande~d pol~r.y form, in a tum appru~ed by Uu A10RiGAGEE, and winds~o~m ~nsurance in the u~ual uanda~d po~~cy fam, in a wm app~oved by the MURTGAGEE, in ~uch c~pany or cornpames as the MORiGAGEE may direc~; a~d all fire u+d w~nds~orm insu~ance poi~ae: on any of sa~d build~n~s, any intere~~ therein or part thereof, in the aggregate s~m aforeea~d w in excess thereof, shatl :ontain the usuat s~andard margaget clause a such other clause ~s ~he Mo~~gayee may rcq~~ro, ma?~ng the loss under ~a~d po~~ c~es, each and every, payab:e to said MORTGAGEF as ~rs imerrst may appear, and each and e~ery such po~~c~ shal) be promptly assgned and de~~ve~rd ~o •ny heW by said MORTGAGEE as iursher security to said n,or~gage debl, and, not les~ ~han re~ (10) days in advance of the expirat~on of each policy, to da tiver to said MORiGAGEE a renewal ~he~eof, ~oge~he~ wi~h a receip~ fo~ ~he prcm~um of such ~enewal; ar,d iherr shall be ra f~re or winda~onn in~urance placed on any of said bu+ldings, any ir.ttrest Iherein w part thereof, un?eas in the form and wiih tM loss payable as a(o.euid: and in the event any sum of monsy becomes payable unda such policy or poGc;es sa~d MORTGAGEE shall have ~he op~~on ~o receive and apply the sa~ne on accou~u of ~he indrbted nest secured hereby w ro permil said MORTGAvORS to receive and use it w any part d~ereof for otner pwF+oses. .•.~~hout fh ~<<u f wau~ ~3 0~ ~~~~p.~~~- ~ng any equ~ty, lien w right under or by virtue of this mor'gage; +nd in the event ta~d MORTGAGORS shall tor any reason fail to kcep the sa~d p~emii~~ w insured, or fail to de~~ver promptly sny of said po~~cies of insurance to said MORIGAGEf, or fa~l promp~ly to pay fully any pre~~~~vm thrrefor or in a~y respecl fail Io perlorm, d~scharge, execufe, e(fect, complete, comply wi~h and abide by this covenant, oi any per~ hr~eoi, said MORTGAGEE may pface a~~d pay fw such insurence or any part thereof w~~hout waiving or aifecring a~y opt~on, lien, equ~ty, o? right under o. by v~ftue of th~s Mwtgage, and the f~ll smo~nt of each and every such payment shall be immed~atety due and payable and shall bear interest from the date ~he~eof u~til paid a~ ~he rate o~ n~ne pcr ce~tum pet annum and to~z~hrr w~th such interest shai! be secured by the fen of thii mortgage. 1. To permit, commit or sufier no was?e, impairment w deterioration of said p~ope~ty w any part thereof. 5_ To pay all and sinyular Ihe costs, charges and expenus, includ~ng a reasonable attaney's fce and costs of abstracts of title, incurred or paid at any time by sa~d MORiGAGfE, because w in the event of ihe faiture on the pari of ~he said MORTGAGOR to duly, p~o~np~ly and fully perfwm, d~scharge. exrcuro, effe:t, comp~ere, comply w~th and ab:de by each a~+d eve?y ~he s~~pulat:ans, agreements, cond~tions, nnd cover.anrs of sa~d promissory note a~d th~s mortgage any or e~~her, and sa'd cosn, charges and expenses, each and every, ahall be immed~ately due and payabte; whether w not the.e be notice dr mand, attempt fo collect w suit pend~ng; and the (vll ~mount of each and every such paymem ~hall bea. i~teres~ from fhe date tF+ereof until paid at the r,~te of nine per centum per annum; and all said cos~s, charges and exaenses iocurred a paid, together wuh s~ch ioterest, shall be secured by the lien oi th~i ~ mortgage. ' 6. That (a) in the event of any breach of th~s Mortgage or defaulr oci the part of the MORTGAGOR, or (b) in the event any oF ~sa+d sums of money ` herein referred ro be not promptly and fully paid within th~rty (30) days next afte? the same severa!ly become due and payaUle. without demand or nohce, or (c) in the evenl each and every the s1~p~larions, a9reements, conditions and covenanta of sa.d promissory note and th~s mortgagx any o~ either are nol l~Iy, promptly and fully performed, d~schargrd. executed, effected, completed, co:nplied w~th and ab~ded `~y, the~ in e~the~ or any such event the said ag grrgate sum mentioned in said promissory note then ~emaining unpaid, with interest atcrued, and ail moneys secured hereby, shafl became due and pay- able forthwith, or thereafter, at ~he opr~on of said MORTGAGEE, as tully and comple~e~y as ii all of the said sums of money were onginally st~pu:ated to be paid oo such day, anything in sa:d promissory note a in this Nlortgage to the contraiy notwi~hstand~ng; and thereupon a thereaiter at the option of said MORTGAGEE, without not~ce or demand, suit at law or in equity, theretore w thereafter begun, may be prosecuted as if all moneys secured hereby nsd matured pnw to its i~stitution. 7. That i~ ?he event that at the beginning of or at any time pending any suit upon this Mortgage, o~ to foreclox it, or to reform it, or to enforce payment of sny claims here~nder, said MORTGAGFE shall apply ro the Court having jur:sd~ction thereof for the appo~ntment of a Rece~ver, such Court shall fo:thwith appoinf a receiver of said mortgaged property alt and singutar, includ~ng all and s~ngular ~t~e ir.come, prot~ts, issues and revenues from whatever seurce derived, each and every of wh;ch, it be~ng expressly unden~ood, if hereby mortgaged as if spec;fically xt forth and described in the g~antirsg and hsbertdum clauscs hereof, and such Re:eiver shal{ have a!1 the broad and efiect~ve funct:ons and powe~a in anyw~se entrusted by a Court to a Receiver, and s.ch appointment shall be made by such Co~rt as an ad~niTted equ~ty and a mafter of absolute right to said fAORTGAGEE, and without referente to 1he adequacy or inadequacy of the va!ue of the property mortgaged or to the so:ve~+cy o~ ~nsoivency o1 sa~d MORTGAGOR w the defendants, and that such re~rs, profits, income, issues and revenues shall ba applied by such Receiver accord~ng to the lien a eq~ity of sa~d MORTGAGEE and ~he praUice of such Court. 8. To duly, promprly and fully perform, discharge, execute, effect, complete, comply wirh and abide by each and every the stipulations, agreements, conditions and covenanta in sa~d promisswy note and th~s mortgage set fonh. ~ 9. That in the evrnt the owne.ship of the morlgage~ prem~ses, or any part thereof, becomes vested in a person ather than the MORTGAGOR, the ~ t,•.ORTGAGEE, its successors and ass:gns, may, w~thout notice to the MORIGAOR, deal w~th such wccessw w successor in mteres~ with reference to thia morfgage and the debt hereby secured in the same manner as with Mortgagor with~ut in any way vitiating or d~xharging the Nbrtgagors" liability here - under w upon the debt hereby sec~red. No sale of the Frem~se: hereby mortgaged and no forbearante o~ the part oi the I~IORTGAGEE or its sJttessws or assigns and no exrens~on of the time for the paym.ent of the debt hereby secured given by the N10RTGAGEE or its successors or assigns, ahall operate io re4ease, d~scharge, modify change or a::ed the a:i~inat l:ab;i~ty of the M.ORTGAGOR herein, either in whole or i~ part. 10. It is specificaiiy agreed that time is of the essence of ?his contraU and that no waiver of any obl~gation hereunder or of the obligatan se- c~red hereby shall at any time rhe~eafte~ be heid to be a waiver of the terms harrof w of the instrume~t secured herby_ 11. In add.tio:~ to the forego:eig mun!h!y paym~nts of prir.t pal and interes~ required by ihe prom;ssory no!r sec~red heraby, mortgagor covenanis and agr¢~s to pay to mortgagee x~th each mo~~thiy ray~.,en1 an addr•iunal svm estiaated by mortgagee to be equ.31 to 1,'12 oi the annual cost of the follow- A-All real property taxes lev~ed or assessed aga~•ist the aoove descr~bcd real estate. - i B-Pr~m~ums on fire and wir.dstonn ~nsurac~e as herc~n req~:red to be ca+~ied en the imFrovements sit~ate on the above d_scribed premises. C-Premiums on svch mortgage g~aranty ir.s~~ra~:ce as mort~agee shall }ren: t~me to time deem fit to carry on the toan secured hereby. ~ Mortgagee shall from time to time notify mortgagor i~ writ~ng of the amount due and payable hereundrr and such s~cn shall thereupon be due and i : ayable on the due date of the next month:y payment and each success~ve month tnereaffer ucril mortgagee shail notify mortgagor of a change in such ~ a~.o~nt. Such sums sHa'1 be appiied by mortqagee toward ~ne payment of real property tazes, insurance p~em:ums, a~~d mortgage guaranty insu~ance ; F;remiums. . ~ IN Y~ITNESS J1fHER'cOF, the said MORTGAGOR has herevnto set his ha~id and seal the day and year first aloresaid. Si9ned, Sealed and delivered in the presence of: ~ S~~`~ . (SeaO ~ Daniel D. Saozanek ~an . ' . "~._..~.c C'" L (Sea4 Riith B• Smo2d~t ~5eaq ~ S i ATE O ~~(D~ (1ta.J ~ ~ ~ . COUNTY OF 1~~ 1 Before me personally appeared oaniel D. Sa023=1P~C a~ R1ltl1 $~2ST1@~C his wife, to me well known and lcrtown fd' me to be rhe individuats described in and who executed the for oing instrument, and acknowiedged before me that they executed the sarn~ fo? tF+b purpose~ ~uth B. S~ozanek ~ rherein expressed. And the said_ - . ~ N~fe of the said Daniel Smozanek ~ ~ rr{ privete ~ ~w~.~~ . ~ z=am~natlon by me taken separate and apart from he? said husbartd, atknowledged to and before me tbat she exetuted saicllnstrurrleat•freg y apd~volum ~ ~sriiy and without any comp~lsan, constraint, apprehens~on, or fear of w from her said hus~. ~=r . ~ . ~ • _ WITNESS my hand and off~ual seal this ~ dsy of 4! D.~ 19~ - ~ ' ~7 't+ : L ~ ' = _ Notary Pu I~c in and for the Sta "o . = t~dr~e, _ -v~'. : ' - My Comm sion eapires: ~ G~ . ~ Return To: ~TARI~ VUBLIC ~ ~ first Federal Savings 3 loan As:ociation (~EG~$iERED MORRlS ~ ! r '1 ~ ? ` Of Fort P c: c?. Cct~r~i;sron E*p res Aagust 29; ~ ARY s~~~ • . ;5 Fort Pierce, f!orida ~ ~ `1~~''1"Jll~ ~ ,..v. • va~ ~ This Instrument Prepared By J• H. Roberts, JZ. '11E0 ~N^ RECO~i0E0 First Federal Savings 8~ Loan Association ~ - iT. W~tE COUNTY FLA. ~ - of Fort Pierce ~ Rlozida ROOE?~ POITRAS ~ C~ERK CI~CUIT COURT r~ - ~FCO~o vERr~,eo Checked By f~-- ~ ~ ~ ~ .I~r 1l 3 s4 PH'73 ~ . t~~~ j•~~~ ra:~ i : 1 ' d 7 ; , , . . . ~ - - - - _ - - - _ < ~Y ~ ^.~r~ ~ ~ ~ ~ ~ ~ ~ v„,~`+` ~ Y g -A, f ~ _ ~ ~ ,.u. ~.ah°~FS?~.~'~..~~f C%~?`.~. a1~. - . s .ve:Se.- .