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HomeMy WebLinkAbout0508 9. To place and continuously keep on the bui!d~ngs ~ow or hereafte? ti?uate on said land snd on ~!i equipme~t and personally cove~ed by this mon~ sge, Wi1h •ti premiums thereon pa~d in iull, hre insurance ~n the usual standard pofty form, in a sum approved by the MORiGAGff, a~od winiJs~orm iniuraoca in ths uswl ~~andard poGcy form, in • sum app~oved by the MORiGAGEE, in such company or compan~es ai the MORTGAGEE may dirett; and all iire and w~ndsform insurance policies on +~y of said build~ngs, ~ny interest tFx~ei~ or part Ihereot, in the agqre9ate sum afwe~.aid o~ i~ eacess 1he~eof, ~hell conrain ~ha usual ~fandard ma~gagee clause or auch o~her c?ause as fha Mo.tyagee msy requ~re, making the loss undcr sa~d poli- cie~, each and every, payable ~o said h10RTGAGEE as ~ts inte~est may appear, ~nd each a~d every auch policy shall be p~omptly ass gned and de~iver~f +o , +ny F~eW by uid MORiGAGEE ~s furthe~ security to said ~~ort9age deb~, a~d, nol Ieu tMn ten (I01 days i~ advance of the e:cp~rar~on of ~ach pol;cy, to da lirK to said MORTGAGEE a~enewal ehereof, togNhe~ with a+ece~pt fw ~he premium oi such renewal; and thera shal! be no f~re o~ windsior~n insurance plac~d on ~ny of said bvildi~gs, any interest there~n or part the~eof, unless in ~he fwm ~nd with the loss payable as afores~id; a~d in the e~enl any sum of money becomes payable unde~ auch potiq a poliues sa~d MORTGAGEE shal! have the opt~on to receive end appty the same on account of the indebtrd- ness secured F~ereby a to pe~mif sa~d MORTGAGORS ~o receive and use it a any part thereof for o:ner purposes, r~+~hc~t ih~•.ur ~.a~~in~ o. ~~~,pa~r- in9 any equity, lien o? right under or by virtve of this mo::gage; and in ~he even~ w~d MORTGAGORS shall fo~ any reason fa+l to k~ep ~he said premisrs so insured, or fail fo deliver promptly any of said po~icies o( inwrance 1o said MORTGAGEE, w fail promptly to pay fu~ly any pre~n~um therefor w in any respect fait ro perfwm, d~scharge, execute, effec~, comptete, comply wi~h and abide by thia covenaro, a any part he~eof, said MORiGAGEE may place and pay fw such insurance or any part ther~of wiihou/ waiv:.~ or a(fectin~ any option, lien, equity, or r~3h~ under or by vi~tue ot ihis Matgage, and the full amoum of each and every such paymenl shatl be immediately dve and payable ~nd shefl besr interesl from tF?e date thereof until pa~d at the rate o1 ~ine ps~ centum pe~ annum and to~rther with such interest shall be securtd by the lien of fhis mortgage. To permit, c+ommit or suffer no waste, impairment o~ deteraration of taid p~operty o~ any psit thereof. 5. To pay alt a~d singular the cosh, charges and expertses, includ;ng a reasonable attaney i fee and costs of abstrads of title, incuned or paid at any time by uid MORTGAGfE, because w in the event of the (a~lure on the part of the said MORTGAGOR to duly, promptly snd fully perfwm, d~scha.ge. execute, etfec~, compleie, comply with and abtde by each snd every 1he stipulations, agreements, condltrons, and co,rcnanrs oi sa~d promiasory note and this moirqags any a ei?her, and sa:d cosb, charges and expenses, e~ch and every, shall bs immed~atety due and payable; whether w nof there be notice d~ mand, attempl to coI1M or suit pend~ng; and the full amount of each and every such payment shatl bea. interest irom the date the~eof unti! paid at the rate oi nine per centum per an~~um; and all said costs, chafges and e~penses incurred or paid, togNket w~th such interest, :hall be secured by the lien of this mortyags. ~ b. Thst (a) in the event of any bresch of thia Mortg~ge or default on the part of the MORTGAGOR, ot (b) in the evcnt any of said sums of money herein refe?red to bs not promptty and fvtty paid wirhin thi.ty (30? days nexf aSter the same xveral:y becorne due snd payable, withoul demand or no~ice, or (c) in the eveM eath and every the stipularions, agreements, conditions and covenants of sa:d promisso~y note and th~a mortgage aoy or either are not ~u{y, promptly and fvlly performed, d~xharged, executed, effected, compteted, complied witA and abided 5y, then in rlther w any such evenl Ihe ssid ag gregafe s~m mentioned in said promissory note then remaining unpaid, wi~h interest xcrued, and all moneys setured hereby, shall become due a~d pay- able forthwith, w thereafter, at the option of said MORTGAGEE, as fully and completely ss if all of the said sums of money were wiginally stiputated ro be paid on such day, anything in sa;d prom~sswy nore or in lhis Mortgage to the contrary notw~tharanding: and thereupon w lhereafter at 1he option of said MORTGAGEE, witho~t notrce or demand, suit at law w in equity, there(ore w therea(ter begun, may be prosetuted as if all moneys secured hereby had matured pnor to ~n institution. 7. That in the event rhat at fhe beg~nn~rg of or at any time pend:ng any suil upon this Nb.tgage, or to iweclose it, w fo refwm i~, or to enforce payment of aoy tlaims heieunder, said MORTGAGEE shatt apply to the Cou~t having jurisd~ction thereof for the appo~ntment o1 a Receiver, such ~ourt shall forfhwith appoint a receiver of said mortgaged property all and singular, inctud~ng al1 and s~ngular the income, p,of,ts, issues and revesuea from whatever sou~te de~ived, each and every of wh~ch, it being expressly ur?derstood, is he~eby mortgaged as if spec.fically se1 forth and described in the g~antir~g and habendum clauses Ae?eof, and such Receiver'shall have all the broad and effective funct~ons and powers in anyw~se entrusted by a Ca:rt to a Receiver, and s~ch appointment shall be made by such tourt at an admirted equity and a malter of absolute right to said MORTGAGEE, and witho~t reference to the adequacy or inadequacy of the value of the property mortgaged or to the sotve~ty w insowency of said MORiGAGOR a lhe defz~dants, and ~hat such renn, profits, income, issues and revenues shell be applied by such Receiver according to the lien or equity of said MORTGAGEE and fhe practice of such ~ourt. 8. To duly, promptty and fuNy pe~form, discharge, execute, effect, complete, comply with a~d abide by each and every the stipulations, agreements, conditans and covenants in sa~d promissory note and this mwfgage set fwth. 9. That in the eve~t the ownersh~p of the mortgaged premises, or any part thereol, becomes vesred in a person otF?er than the MORTGAGOR, the h'•ORTGAGEE, iK succeuors and assigns, may, wi~hout notice to the MORTGAOR, deal with such wccessor or successor in imerest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagw without in any way vitiati~g a discha~g~ng ihe Martgagors' liability h~~e- under o~ upon the debt hereby secured. No saie of the premises hereby mortgaged and no forbearante on the part of the MORTGAGEE or its successors or auigns and no extension of the time fw the payment of the debt hereby aecured given by the N~ORTGAGEf or its successws or auigns, s5a1~ ope~ate ro release, d~uharge, modify change or affect the orig~nal tiability of the MORTGAGOR hcrein, either in whole or in part. 10. It is spec~fically agreed thar time is of the esunce of th;s contrau and that no waiver of a~y obl~gation hereunder or of the ohtigatan se- cured hereby shall at any tinx thereafter be he:d to be a waiver of the terms hereof w of the instrument secured herby. 11. In add;tion to the forego:ng month!y paym=nts of pnnc'paI and interest required by the prom;sscry note secured hereby, mortgagor covenants and agrees to ~ay to mo:tgagee with each monthty payment an add~rional sum est+n:ated by mongagee to be equal to 1;'12 of the annual cost of the f~llow- i:ig: A-AI! real property taxes leiied o+ assessed against thc above described real estate. B-prem~ums on fire and wirulstorm insurance as herein requ~red to be ca~ried on the improvements situate on the above described premises. C-Premiums on such mortgage guaranty ir.surar:cc as mortgagee shail f~om f~me to lime dcem fit to carry on the loan secured hereby. Mortgagee shall fr;,m time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and Fayable on the due date of the next monthly payment and each successive month thereafter ur.til mortgagee ahall notify mortgagor of a change in such amouN. Such sums sF.a:i be app!ied by morrgagee toward the payment of real properry taxes, insurance prem:ums, a~id mortgage guaranty insurance premiums. IN WITNE55 Y~HEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and ar first afor ned. Sesl i' in the presence of: - ah (SeaD - Seal) ATlUa B. rQ2~ (Seal) sr~re oF Texas ~ ~ ss. couNrY oF ~ , - ~ Befxe me personaliy appeared - R~jraOM~ P. A~sbrozak snd /~I1I1a B• /~i~Z028k h;s wife, to me well known snd known to me to be ~ the individusls desaibed in and wh0 4;ecuted tFv.t foregoi instrument, and acknowledged before me that they executed the same for the {wrposea therein expressed. And ths seid ' Anlt~ A~=Oiak i wi~e oF ~he said R7~1~O~d P. AabrOZBi,k ~~s upon a separate and private exam~nat+on by !ne R~n ~~8 t'~~nd a~iip, from her said husband, ecknowledged to and befort me that she executed said instrument Sreely and volurt~ rarily and wit~wyt~~j ,canpy~~~ ~gns aipt, apprehension fear of or from her said husband. W13Nf~~~W F?sn~ and ofFkal ~s~~}iis 2~ day of •~UL A. D. 19 7~ I t' Notary Public in a tFro 51~ f , ~ i\~• : h . My Commiseion expi~es: ~ ~cns~ ~ .~Retu~t io:'~; ~ • : ~~CL'~c.f~ f Q 7 l~.~ T67CaS s :i first FederaG Se~ipBs b l~• /lu~r'ation (Sf; fo~j;p'~~~~ iV/V\JV~7~ fort Pierce, flkri~a•-`` FI_~^ AY: 'C:'~lJEO S1.U3C~: :h~t ~LA. ~.:}:;kAC ~ This Instrument Prepared By GaYy F. Elll~ood ~f ~ E~ r: ~+,~i CO~~R? ` First Federal Savings 8- Loan Association " ~ ` ' ` ~ : of Fort Pierce s Florida ~ ~ ~uc 6 4 oz PH'73 • 's Checked By i R ~O ; ~ . gn~K~17 rAC~ gb - . _ ~ _ _ . . a _ 7~,.