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HomeMy WebLinkAbout1186 3. To plxe and continuously keep on the bui:d~ngs now w heresiter ~ituste on said land and on sli equipment and personalty covered by this mo~tg- age, wilh all p?emiums thereon pa~d in iull, fire insurance in the usual standard policy fam, i~ •~um app~oved by the MORiGAGEE, and winds+orm insu~anc~ in ths vsusl uandard pot~cy iwm, in a sum spp~oved by ~M MORTGAGEE, in i~ch tompa~Y or co~++P+^~es as IM MORTGAGEE rruy dir~ct; and all fire and windstorm iniurance policies on any oi said buildings. ~ny intere~t tFxrein or pa~t thereof, in tM ~ggrey~te wm ~fore~aid w In excess thereof, thatl co~tain ths uiual ~tandard mor~~agee clause a such other clauss as IM Mwtyagee msy requirs, making ~M loss unde+ sa~d po~i- cies, tach and every, payable to ~aid MORTGAGEE as its i~terest may appea~, and cach and every tuch policy ~hall be promplly au.g~ed ai+d delivered 10 any held by said MORTGAGEE as further security to said mongsge debta and, not Ieu ~ha~ ten (10) days in advance of ~he expira~ion of aach policy, to dr IivN to isid MORTGAGEE ~ renewal therwf, topetha wilh • rec~ipt fw the prem~um of tuch renewal; and lhere shall be no fire w windslam insur~nte placed on ~ny of isid kwiidinps, ~ny iMeresl Ihsrein or pa~t thereof, unleu in the form and with the ioss paYable at aforesaid; and in tF+t event +ny sum of money becomes payable under such policy w pofcies iaid MORTGAGEE shall haw the option to receive and apply the same on account of the indebted- neu setured he~eby or 1o permif s~id MOR~GAGORS to teteive and use fl o? any pa?t thereaf for other pu~poses, w~thout th~rcb/ waiving or ~mpain - ing any equity, liao w ~ight under w by virtue of this matgaget +~d in the ever?t iaid MORTGAGORS shall fa any reason fail fo keep the i+id p~emises so iniured, w fail to deliver promptlY +ny of uid policies o) insur~nce to taid MORTGAGEf, w fai! promptly to pay fu11y any pre~nivm therefor or in any respect fail to per(wm, d~xharge, execute, ef(ec1, complete, comply with and +bid~ by this covenant, a sny part he~eol, s+~d MORTGAGEE may place and peY ia :uch insurancs w ~ny part thereof wi~how waiving or aftediny ~ny option. lien, equity. w right unda w by virtue of this Mor!9ape, ~nd thc full amount of each and every tuch payment shall bs irtunediately dve a~d payable-.,nd shall bear interest from Ihe date tF+nreof u~til paid at ths ~at~ ot nine per tentum per annum and together wilh suth ioteresl shali be secured by the lian of this mat~age. To permit, commit or suf(er no wasN, impairmenf or deterioration of ssid {xoperty or any part thereof. S. To pay sH and singul~r the costs, charges a~ expenses, including a rcasonab~e sttomey i fee and costs of abstrocts of titls, incurred w p+id at any time by said MORTGAGEE, because or in the event of the failure on the part of 1M ssid MORTGAGOR to duly, promptly and fully perform, d~xhsrg0. execute, effect, complete, comply with and abide -by each +nd every the stipulatioe?s, agreeme~ts, conditiau, ~nd covenants of s~id promis~ory note and thii morrgags any a ei~ha. and sa~d cosn. charges and expenses, each and evNy, tMtl b~ immediately due and payable: whNher a no1 thcre bt not~ce da mand. attempt to mllect or wit pend~ny; and ehe full amount of each and every suth payment shal! bear interes~ f~om the date thereof until p~id at Ihe rate of nine per centum per annum; and all said tosts, charges and expenses incurred or paid, together wdh such interest, shall be setured by the lien of thi~ mortpays. 6. That (a) in the event of any breach of this Mwtgage a default on the pa?t of the MORTGAGOR, w(b) in the event ~ny of sa~d svms of money hrrei~ refe~red to bs nol promptly ~nd fully paid within thirty (30) days next siter the same severatly become dve and payable. without demand w no~ice, or (c) in the evem each snd every the stipulations, agreements, conditions and covenants ot uid promissory note and th~s mwtgage anY w e~~her are nol i~ly. pranptly and fully pHiamed, d~uharged. executed. effected. completed, complicd wirh and ab~ded by. then in either or any tuch event the said a¢ gregste wm menfioned in said promissory note then remaining u~paid, with interest acvued. and ail moneyf secured hereby. sMll betome dve and pay~ eb~e forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if atl of the said sums of mor?ey v~rcre wiginally stipulatcd to be paid on such day, anything in sa~d promissory note o~ in this Mortgage to the contrary notwi~hstanding; and thereupon o? thercafte~ +t the option of said MORTGAGEE, without notice or tkmand, suit at law or in equity, therefore a thereafter begun, may be proseculed as if all moneys setured hereby had matured prwr to its inslitution. , 7. That in the Event that at the begin~ing of or at any time pendi++g any wit upon this Mortgage, w to foreclose it, or to refwm it, or to enforcs payrrKnt of any claims hereunder, said MORTGAGEE shall apply to the Cou?t having jurisd~c~ion thereof fw the appointment of ~ Receiver, such Court shall Fo~thwith appo+~t s receiver of uid mortgaged property all and singula~, ir?clud~ng all and s~ngular the income, p~ofits, iuues +nd revenues from whateve~ source derived, each and every of whrcl~, it beiny exp~essly unde~:tood, is hereby mwtgaged as if speciiically sct forth ~nd desuibed in the gr~nting and habendum clauses hereof, and such Receiver shsll have all the bread and effective funct~o~s and powers in anywix entrusted by s Court to a Receiver, and :;;ch appointment shall be made by such Court as an admitted equity and a matter of abso~ute right to said NIORTGAGEE, u~d without ~eferente to the adeq~acy or inadequety of the value of tF~e property mortgaged or to the solventy or ~nso~vency of aaid MORT6AGOR o~ the defendants, and that such renrs, profin, income, issues aod revenues shali be applied by svch Receivm according to the lien or equity oF said MQRTGAGEE and the practice of such CouA. ' 8. To duly, p~omptly and fully perform, diuharge, execute, effect, complete, comply with and abide by each and every the stipulatia~s, sgreert?ents, cortditrons and covenants in said promissory ~ote and this mortgage set forth. 9. That in the eveM the ownership of the mortgaged premises, a any part thereof, become~ vested in a peno~ other than the MORTGAGOR, the r'ORTGAGEE, its succeuon and assigns, may, without notice to the MORTGAOR, dea! wirh such successor or successor in interest with refere~ce to this mortgage and the debt hereby secured in the same manner as with Mortgagw withovt in any way vitiating o~ diuharging the Mortgagors' liability herr under w upon ~he debt hereby secured. No sale of the premius hereby mortgaged a~d no iwbearance on the part of the MORiGAGEE or its successors or assigns and no extension of the time for the payment of the debr hereby setured given by the IAORTGAGEE or its s~ccessors or ass~gns, aha~l ope:ate . to release, discharge, modify change or af(ett the original liability of the MORTGAGOR herein, either in whok or in part. 10. It is speufically agreed that time is of the essence of this contrad and that no waiver of any obligation hereunder w of the obligsYan sr cured hereby shall at any time thereafter be held to be a waiver of the terms hereof a of the irutrument secured herby. . 11. In add~tion to the forego:rx~ monthly paymants of princ"pal and interest required by the promissory note secured hereby, morfgagor covenanis ano agrees to pay to r»artgagee with each monthly payrnent an add~rional sum esrimated by mortgagee to be cqual to 1/12 of the annual cost of the follow- ing: A-Atl real property taxes levied or assessed against thc above described real estate. ; B-Premiums on fire and windstorm insurar.ce as herein requ;red to be carried oo the improvements situate on the above described premises. C-Premiums on such mwtgage guaranty insurance as mortgagee shall from time to time deem fit to carry on thc loan secured hereby. 'I Matgagee shail from time to time notify mertgagor io writ~ng of the amount due and payable hereuodrr and such sum shall thereupon be due and Fayable on the due date of the next monthly payment and each successive month thereafter until mortgagee shall notify mortgagor of a change in such { a~~ounr_ Such sums sha!I be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, a~id mortgage guaranty insurance ~ premiums• ~ IIV WITNESS WHEREOF, the said MORTGAGOR has hereunfo set his hand and seal the day and year first aforesaid. Signed, Sealed and deiivered ' the presence of: ^ ~ i + / ~(Scaq ~ , filxoo W Kresa 1 ~ f~/ ~ ~2.L _ (S~a~ ~ ~ Helene F, Kresal ~ STA7E OF FLORIDA ! LUCIE } couNn oF ST • ~ ~ Befwe me perso~ally appeared EIQOOa W: KIeSaI and Helene F. ~6Sal his wife, to me well krawn and knonm to me fo be the indlviduals described in and who executed the fwegoing instrument, end acknowledged before me that they executed tF~e same for the purpwes rherein expressed. And the said Helene r' .~@Shc wife of the said ~l~~d W. Kresal upon a seRays~-•ar+d.q(ivsts examination by me taken separate and apart from ss sba , acknowledged ro and befote me that sF~e exetuted said instrum~n?t _free~y »nd vo14n- rarily and without any compuls'wn, constrai~t, appre ear of w ~rom her ' husband. ~ ~ /+U U 8t ~ ` : A. . i9 ' WITNESS my hand and official seal thi~ dey of ~ ~ , i Notary Public in and i the State oC F{biida Lsr~ "`r~~° My Commits"wn expites: ~ ~ v . 2 ~ Return To: y1;:~ ~ ~ ` ~ First Federal Savings a Loan Assotiai"wn ri(?':f,~y rl!~! $~~.TE FtC . A at ~ E..•••' ~ Of Fort P~erce. L'Y CG;••:';;:_'i EX=~FES 114P(!~;I~~ , Fort Pierce, Florida , t~t:~t~ Ey .~r~tcr,car ~arktts inSUt~14W~~~~~~~ "='_.c( ~ ' . ~ ILfO AN+: NE"v+f~OE ~i U~C~~ i.0U1rTr Fl~. ~ This Instrument Prepared By Robert A. Swishez, J=. k~~ 'RAS G~ First Federa) Savings 8~ Loan Association ~~E~I~ ;,Utt CaURt ~y- ; ~ of Fort Pierce ~ Rloli~ P~C: Y~ = i':ED ; Checked By ~ ~N 6~ ~ ~13 , 4 ~ 26~ Q82 ~ ; s°flac z1~ ~ . , , - - h ~ . . . ~ o t~.,.~ s ~s~ L~...°~!`="_Ya. ?_;~.~~r,w_. .