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HomeMy WebLinkAbout2175 7. To place and conrinvovaly keep on the bui:d~ngs now a hc~eafte~ s~tuste on sa~d Isnd and on ~li equip~nenr and pe~sonally covered by ~his ma~~- ~ ~gs, with •11 premiums tl~ercon pa~d in iull, f+re inturance in the usual standard policy form, in a sum approved by the MOR~GAGEE, and winds~orm ins~rar?ca in the uswl ~fandard pol:cy larm, in • s~m approved by ~he MORTGAGEE, in such company o~ compan~es ss ~he (NORTGAGEE may dirKt; +nd all fi~e and w~nda~orm insurance policiet on any o( sa+d build~ngt, a~y in?erest therein o~ ps?t the~eof, in Ihe agg~ega~e ~um afaewid or j~ extesf Ihereo(, ihall contain the usual standard ma~yagee clause w such othsr clauss as tM M«~yages may requ~re, ma?ing ~he loss undr? sa~d poli- cies, e~ch and every, payab~e to sa~d MORTGAGEE as ~~s iMerest may ~ppear, and each ~nd every auch poGcy shall be prompr~y ais gnrd snd delivered io ' any hsW by uid MORiGAGfE a~ lurther ~ecur~ty to said mongage debL and, not leu than ten p0) days in advance of ~he exp~rat~on of each poficy, to da livp ro wid MORiGAGEE a renewal thercof, togeiher with a receipt fw the premium of s~ch rcnewaf; and there shall be no f~re or windsio~m in~u~u+ce pl~ced on any of said b~ildings, ~ny ~n~erest tl?Ke~r? or part thereoF, unless in tl+e fam and with Jhs Iws payeule as afwesaid; and in the e~ent any sum of money becanes payable under such poticy a pofcfes said MORTGAGEE sAall have ~he opt~on to recei~e and app~y Ihe sam~ on accouro of the indrb~ed- neu secure~! htreby W to pe~m7t said MORTGAGORS to receive,u+d use it p any par~ theruol tor orncr purposes, v.:eho~t th,r.u~ w3i~~:~a c~ ~n:pair- irg any eQu~ty, lien p righ! undei w by virtve of this mo:!gage; and in the event sa~d MORTGAGORS sl+all fa any reason fail to keep ~he said prem~sr~ so ' insu?ed. o~ fsil ro del~ver promptly sny oi wid pol~c;es o1 insuroncs to sa~d ti~ORiGAGEE, w fail promptly to Fay iully any pre~»i~m therefor w in a~y ' respec~ fail b pe~form, d~scha~ge, exaure, effect, complete, comply wiih and abids by this toveoaM, a. any par~ he~rof, said MGRiGAGEE may puce a~~d s pay fo~ such inaurance u ~ny part thereof w~thout waiv;oy w ~ffeding any option, lien, equi~y, or ~~gh? under w by virtue of this Mo~fgaye, and ~he ~ r full amount of each and evsry such payment shall be immed~ately due and payable and shail bear interese from the da?e the~eof un~il poid at the rate ol n+ne pe~ tentum per annum and to~ether with suth intt~est shail be secured by the lien Of this mortgsge. 1. To permit, corr.mit or suffe? no waste, impairment ot deterioration of sa~d property a any part thereof. S. To pay all and singuta the costs, charges snd expenses, ~ncluding a ~easo~sble attorney i fce and costs of abstracts of ti?le, incurred o~ pa~d s~ any time by said MORTGAGEE, bccaux w in the event of Ihe faifure on the part of the said MORIGAGOR to duly, promptly and f~lly perfam, diuharge, execute, eftec~, complete, comply w~th and ab:de by each and every the stipulations, ag~eements, cond~tions, and mvenann of ia~d promissory note and thii matyape any w e~ther, and aa:d cosb, chsrges and ea~rnses, each a:~d every, shall be immedia~ely due and payab:e; wherher w not there be norice dr mend, etrempt to colfect w wit pend~ng; and ?he fuU amount of each and every such payment shall bca. imeresl from the date thereof un~it paid at the .a~e of nine per ceotum per annu~; and all said costs, charges and expenses incurred a paid, together w~th such interest, shalf be aecured by the I~en of thii mortgage. b. That (a) in the event oF a~y breach of this Murgage or defautt on the part of the MORTGAGOR, or (b) i~ the eve~t any of sald sums of money herein refe~red to be not promptly and fully paid w~thin ~h~~~y l3p> days next afte~ the same xveratly beconx due and payab!e, wi~hout demand or oofice, or (c) in the event each and every the stiputar~ons, agreemems, condrt~a+s and covenanrs of sa.d promissoiy note and ~h~s mortgage any w e>>her are not ~uty, promptly and fully pe?formed, d,uharged, eaecured, effected, completed, compl~ed with and abided ~y, then in either or any such event the said ag g~egste wm mentioned in ssid prpmissory note then remaining unpaid, with interesl accrutd, a~d all moneys secured hereby, shaN become due and pay- ab:e fwthwirh, ar thereafter, at ti~e opr;on af sa~d MORTGAGEE, aa fully and c«r.ple~ely as if all of ~he said sums of money were originally s?~pulated to be pald on such day, anything in sa:d prom~sswy note w in this Mwtgage ro the contrary notwitnstanding; and thereupon or therealter at ~he opt~on of sa~d MORTGAGEE, witFwut no~ice o~ demand, su~t at law w in equ~ty, therefore a the~eaf~e~ begur?, may be prosecuted as if all moneys secured hereby had matur~d pnor to rts institution. 7. Thst in ~he event that at the beginn~ng of or at any time pending any su~t upon this Matqage, o~ to fweclose it, or to refwm it, or to enforce payment oF any claims here~nde~, said h10RTGAGEE shaU appty te the Court havir.g jurndiction thereot for t}?e appointment oF a Reteiver, such Court shafl Forthwith appoint a receiver of said mwtgaged property all arsd singula~, includ~ng ail and sing~la~ the income, p~ofils, iswes and revenues from whatever saurce derived, eich and evety of wh~ch, it be~ng express~y understood, is hereby mortgagrd as if specificafly set fath and destribed in the g~anring artd habe~dum ctauses hereof, and such Receiver shal~ have ap the btoad and effective funct,ons and powe~s in anywise entrusted by a Court to a Receiver, and ~ s_ch appointment shall be made by such Court ei an admitted equity and a matter of absolute righl to said MORTGAGEE, and without reference to 1he adequacy w inadeqvacy of the va'ue of the prope~ry mortgaged or to the so~vency or inso~vency ot said MORTGAGOR w the defendants, and that such renrs, profin, income, issues and revenues shall be appf~ed by such Receiver accord~ng to the tien or equity of uid MORTGAGEE and ~he praaice of such Court. 8. To duly, p~ompt:y and (ully perform, discharge, execute, eifect, comp!ete, comply with and abide by each and every the stipulations, agreements, conditioru and covenanrs in sa~d promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, w any part thcreof, betomes vested in a perwn o+her than the MORTGAGOR, the M1'•ORTGAtiEE, its sutceuors and assgns, may, without notice to the MORTGAOR, deal w~th such successw w successw in ioterest wirh re(erence to lhis mortgage and the debt hereby setwed in the ssme manner as with IYbrtgagor without in any way vitiating ot d~scharging the Nlortgagori (iabitity herr under pr upon the debt hereby secured. No sale of the premius hereby mortgaged artd no forbearance on the part of the MORiGAGEE or its successors or aaigr+s and no extMSion of the time iw the payment of the debr hereby secvred geven by the MORTGAGEE or its successors or ass~gns, ahall operate to release, d~xMrge, modify change or affect the original liab~,ity of the MORTGAGOR hcre~n, either in whole w in part. 10. H is spec~f~cally ag~eed that time is of the essence of this contrad and that ~o waiver of any obligat~on hereunder or of the obligation se- cvred hereby sha~l af any time thereafter be he:d to be a waiver of the terms Aereof or af the instrumeM secu~ed hr,by. 11. fn add:r:o~ ~o the forego ng month!y paymenrs ot prirx'pal and interest required by the prom~ssory note secured hereby, mortgagor covenants a~d agrees to pay to mo-tgagee +auh each mai+hiy payr.;ent an add~rional sum esc~~~.ared by mortgagee to be equal to 1;'12 oi tne annual cost of the follow- I:,g: A-All real property taxas fev~ed or assessed agalost t6e above descri~ed real estate. B-Arem.~ums on fire and windsro~m insurar.ce as herein requ~red to be carried on the improveme~ts siluate on the above described premises_ C-Premi~ms on such mortg;ge guaranty icsura.:ce as mo:tgagee shail from rme to time derm fit to carry a~ the toan secured hereby. Mortgagee shail from t~:ne to t~me norify mortgagor ~n writ~ng of the amou~t due and payable hereunder and s~ch sum shati thereupon be due and Fayable on the due date ef the next month!y pay.rtent and each svccess~ve month the.eairar ur.ti{ rtwrtgagee shail notify mortgagor of a change in such a-,ovnt_ Such sums sFail be apafied by mortgegPe toward the payment of real properly taxes, insurance prem;ums, and mortgage guaranty insurance p~emiums. I(V WIT(VE55 Y~HEREOF, the sa~d MOR?GAGOR has hereunto set his hand and seal the day and year first afwesaid. ~ Signed, Seated and detiv ~d in t'se presence of: j 4 n r i~` ! n.+ an S (Seal) (Sea~) 'L ~ Beverl R o kos «a,~ ; S~ATE OF FLORIOA 1 . ~ COUNTY Of St. LL1C1@ i t ; sesa~ ,~e pe,~,n,i,,, ap~,ea,ea Soterios George Koukos and i Beverly R. KOL1kOS his wite, to me well known and known to me to be ° rhe individuals deur~bed in and who executed the fwegoing instrument, and acknowiedged before me that they executed tl~e sarn~ for the purposes ¢ rhere~n expressed. And the sa'~d Beverly R. KOIIjCOS i w;fe of the said $OteIlOS Georcre Koukos upon a sepa.ate and private ' 4 e=aminat~on by me taken ser~.arate and apart from her said husband, acknowledged to and befwe me that she executed said instrument freely and volun- ~ rar~;y and without any compulsion, constraint, apprehen/aion, or fear of or frem her s5~ husband,, _ WITNESS my hand and offic~al seal this =~G-[ day of ! D; }q~~ _ ' • ' ! ~ i - ` % •r r + Norary Public in and for the S_e~f' _ a af'LarQe • ~ My Commiuion expires: - ' _ : Return ?o: • . - ' _ < ' ' . ; fi~st federal Savings 3 Loan Assouat~on N07ARY PU8L1G.-SiATE d f~IDAat8N6E Of Fort P:erce. µl( C041MISSICft xXPi~E'S DF,C. ~9~ ~onAed ihrl t;~r~.r! ~n,~:•'~=~:r~VnGe.ahhrrs./ farr Pirrce. Fiorida ' ' 1 S FILEO ~!t0 ~cCORGfD ~ ~ ` fT. LUCIE ;.OUNTY fLA. ~ This Instrument Prepared Sy John W. CO111AS ROGFF? P~!':R~S ~ First Federal Savings 8 Loan Association CtE~tK C:":~~~ COURT a of Fort Pierce FlOrldd RF~•?^ ~ yF~ ~~E'~ i s '1 ~ Checked By ~ J~(. ~~1 9 2s AH zs9s35 ~ ~ ~ a~2i~ ~~7~ S~b ~ i ~ . ' . ' . . . _ _ _ ' ' _ - ' _ . _ Frs'7~.~.._~ _ . r..~ ~ . _ . , ~ , e ~ . ~ . . . .