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Home My WebLink About0844 J. To pleca and tOnlinuous~y kecp on the b~i'd~~:gs now o~ he~eafter s~tuite on sa~d land and o~ all cquip~nent and pe~fonally cover~d by thi~ mo~tg •g~, w~th •II premiums ~he~con pa~d in full, hre insuia-~ca m ~M usu~l standard pot~ty iorm, in a sum approved by tha MOR~GAGEE, and w~~dstorm intur~nc~ in tM wwl s~ande.d po!~cy fam, in a sum approved by the h1pRiGAGEE, in such con~pany or co:npan~es as the MGR1vAGEE may ct~rect; and all fi~e and w~nds~orm insurance po~~uci on any of sa~d kw;ld~ngt, ~ny interest therein or parl thereof, in the agg~ega~e ium afac:a~d w in exceu thc~cof, shall contain ~he usua~ stanJard ma~gagee ciause or such other clauss ai the N?o~~yagee may ~equ~~e, mak~ng the ioas ~~Je~ sa~d poli- cies, each and every, payabte to taid MORTGAGEE af its interaft may eppear, and cach and every such pof~cy shail Ix prompt~y ass gned and de~~ve~rd ?o sny held by said MORiGAGEE as lu~ther security to said mongage drbl, and, not less than ten (10) days in ad~ance oi the expirotfon oi each poGcy, to de- I~ver to said MORTGAGEE s ~enewal thereof, together wi~A a rece~pf fo? the premium of suth renrwal; and ~hero i~all be oo f~re or w~ndatorm insvrance placed on any of ~aid b~ilding~, any inte~est ~herein o~ part thereof, unle~: in the (o~m snd w~th the toss payabte as afo~esaid; and in ~he evenl any i~m of money bccomes payable undcr such policy w po~k~es said MORTGAGEE shall have the optlon to rece~ve a~d apply the same on account of the indabted- ness secu~ed hereby or ro pe~mit sa~d MORTGAGORS to receive and usa it w any part ~heraof for other pur~.oses, v.~~nuuf Th_+~u~ Ndl~l,~'3 0~ ~~~~P~~~- ing any equ~ty, lien w right under u by vinue of Ihis mo:tgage; and in the event sa~d MORTGAGORS shall (w any reawn fail to keep the sa~d p*em~aas so ins~red, ot fail to deliver promptly any of said policies of insurance to sa~d MORTGAGEE, or fail promptly to pay fuliy any prern~~~n therefor or in any respett fail ro perfotm, distharge, execute, effed, complete, tomply with a~d abide by this tove~ant, or any part hareo(, said MORTGAGEE may pface a~~o pey fw such insurance or any pait thereof wifhout wsiving or affeuing any opt~on, lie~, equ~ty, or r~ght unde~ w by vir~~,e of this Mo+~gaqe, snd the ~„ti ,~ch oa~men~ sha11 be ~mmedi~telv due and payable and shall bear inte~est irom the date thereof umil pa~d ai the rota ot nine per centum per annum and logrthar with such iMe~est shalf !~e sewre~ by the lien o1 this mortgage. 1. To permit, commit w sulfer no waste, impairment or dete•ioration of said property or any part IAereof. S. To pay all and singvla~ the costs, charges and expenses, including a reasonable attorney's fee and ~osts of abstracts of t~t;e, incurred or paid at any time by said MORTGAGfE, because or in the eve~t of Ihe failure o~ the part of Ihe said MORTGAGOR to duly, p~wnptly and futly per(wm, d~acharge, execute, e(fed, comptete, comply w~th and ab:de by each and every the stipu~arrons, a9reeme~ts, conditions, and covenants of said p~an~ssory note and this mortgage any or eiiher, snd sa~d costs, charges and eapenses, each and every, shall be immediately due and payable; whethcr or not t~ere be notice d~ mand, attempt to co~tect or suit pend~ng; and the full amount of each and every such payment shall bear ineeres~ from the da~e thereof until paid at the r,,re o~ nine per centum prr annum; anc! all said costs, charges and expenses inturred or paid, logether wJh such interest, shal~ be secured by the lien of this mortgsge. 6. That (s) in the evenf of sny breach of this Mortgage or default o~ 1F~ part of Ihe MORTGAGOR, or (b) in the evem any of sa:d sums of money f herein ~efmred to be not promptly and fully paid within th~rty (30) days next after the same seve~ally become due and payable, wi~hout demand or notice, ' ,^r (c) in the eveN each and every the stipulations, agreemems, conditia~s and covenants of sa.d p~omisso~y note and Ih~s mortgage any or either are not ~uly, promptly and iully performed, d~scharged, exec~ted, effected, compteted, compGed w]fh and ab~ded 5y, ~hen in e+~he~ or any such evem the said ag gregate sum mentioned in said pron,issory ncte then rema~ning unpaid, with intere;t accrued, and at~ moneys setured hereby, shall become due and pay- ab:e fwthwith, or thereatter, at the oprio~ of said MORTGAGEE, as fu:ly and completely as ii all of the said s~ms of money were or~gmelly ~tipu:ated to be pa~d oo such day, anything in sa:d prom~ssory note or in this Mortgage to the contrary nor.vithstand~ng; and thereupon or thereafter at the opt~on of sa~d MORTGAGEE, without notice or demand, auit at law or in eq~ity, therefore w thereafrer begun, may be prosecuted as if all moneyt setured hereby n~d matured p~~w ~o ~ts institut~on. 7. That in the event that at the beginning oi w at any time pe~ding any suit upan ihis Ptortgaga, a ta 4ar~l~se 'st, a,- t~ 'st, cs ta rn[c•cr payment of any claims he~eunder, said MORTGAGEE shall apply to the Cou~t having jur~sd~ction thereof iw Ihe appointment oi a Receive~, such Courf ahall farfhwith appoint a receiver of said mortgaged property ail and si~gu?ar, incEud:ng all and aingular the income, p~oiits, iss~es and revenues irom whate+er sevrce derived, each and every of wh~ch, it being expresaly understcod, is herzby mortgaged as if speu(icafly set fo~th and dexribed in the granting and hacendum clauses hereof, and svch Receiver shall have all the broad and e6fecrive funct~ons and powers in anywise entrusted by a Cour~ to a Receiver, and s~ch appoi~tment shall be made by such Cou~t as an admitted equity and a matter of absolute right to uid MORTGAG.E, a~d without reference ro the adequ3~y a~nadequdty,sj_j~e vdiue_of t~prope~ty_mortgaged,or_to_the so:ve~cy or insolvency of said MORTGAGOR or the defendants, and that such renrs, profits, income, issuy~and revertues shall be app~ied by such Receiver accord~ng to the Iien or equify oT said MORTGAGEE arid 1fi~ piattitP of sucfi ~ k COUrt. B. To duly, prorr.ptty and fully perform, discharge, execute, effecl, complete, comply with and abide by each and every the stipulations, a9reements, ' :onditions and covenants in sa~d promissory note and this mortgage set forth. 9_ That in the even~ the ownership of the mortgaged premises, or any part thereof, becomes vested irt a person other than fhe MORTGAGOR, the t.~,ORTGAGEE, its successors a~d ass~gns, may, wi~hout notice to the MORTGAOR, deal w~th such successw or successor in interest wifh reference to this mo•rgage and the deb~ hereby sewred in the same manner as with Mortgago~ w+t!wu1 in any way vit~ating a d:scharging the Nlortgagori liability here- urder or upon the debt hereby sec~red. No sale of the premises hereby mortgaged and no forbea~ance on the pan of the ~~?ORTGAGEE or its successors o+ assigns and no extension of the time fo~ the payment of the debt hereby secured given by the MORTGAGEE or its successws w ass~gns, s~~all operate ~o re~ease, discharge, modify change or affect the original Iiab~Sity of the MORTGAGOR herein, eitner in whole or in pa~t. 10. It is speuficatly agreed that time is oi the essence of this contrad and that no waiver of a~y oblegation hereunder or of the obligation se- cured hereby shall at any time tfxreafter be held to be a wairer of the terms herrof or of ihe instrument secured herby. 11. In addtion to the Forego ng month!y paym~nt: of princ'pal and interest requ~red by the p~om~sscry note sewred hereby, mortgagor covenants ~~d agrees to pay to mo:tgagee v~rth each monrhiy payr.;e:v an add~uonal sum est,n,ared by mortgagee to be equal to 1, 12 of the annual cost of the fotlow- A-Afl real property tawes ievied or ast>ssed agai•,st thc above described real estate. i B--Premfums on tire and windsrorm insurance as nerein reqwred to be ca~ried on the imp~o~~me~ts s~tuate on the above d:scribed premises. ~ C-Premiums on such mortgage g~a+anty insurer,~e as mortgagee shali Frcm t me to time deem fit to carty on tht loan setured hereby. j Mor?gagee shatt from !~me to time norify mcrtgagcr rn w+it~ng of the an~ovn! d•~ and payabSe hereund.r and such sum sha.! thereupon be d~e and _ s c avable on the due date of the next ~r.onth!~ payment and each successive momh thereafter ur.til mortgagee shall notify mortgagor of a change in such E r•~ount. Such suma sha:l be app:~ed by morfgagee toward fhe payment of rea! prope:ty taxes, insurance prem;ums, and mortgage guaranty insurance ~ p•emiums. - - ~ IN Y~fTNESS YlNER"cOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid_ ~ Sgned, Sealed ar.d deliv ed in the presence of: ? ~~.t i ' ,S~an ~ ~ Bruce F. Panku ts~ap ~ - ~~~1~_~.~.,- f' {sea4 ~ Dian E. Pankuch ~~ai~ ~ ~ STATE OF FLORIDA ~ ST . WCIE COUNTY OF ~ ~ Befwe me personatly appeared eruce F Pankuch and Dian E. Pankueh his wiie, to me welt known and known to me to be rhe individuats desuibed in and who eaecuted the foregoing instrument, and acknowiedged before me that they executed the same for the purposes the~ein expressed. And the said flian E. Pankueh ~ .~•~fe of the said BruCe F. Pankuch upon a separate and private ~ exam~nat~on by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrument freely and volun- ra•~ly and without arty compylsion, consrraint, appre ens~on, or fear of or from h s id husban ~~:.n~; ,t ~ - - - _ _ ~73 - ' i i - r, ~ WlTNESS my hand and o4ficial seaf tfiis ds ' ~ ~ - ~ ` ~ Notary Public in and (or StaLC ,.F~itida at ~yA ~ Y ~ My Comm~ssion expires: ~~~tl~~~ ~~lORI1~'at1/jR6E Retvm To: ~ First Federal Savings b loan Associatlon ~ CC~i'~' ~S~' O~ ~ p _ ~~t ~ ~~n ;ta~. r C' ; j` ~ Of Fort P:erce. ~E ~ r ~;'tr ~ . ~ ~tECOR ~ ~ ~ " ~ Fo~t Pierce. Flo~~d~ ~1LEO ~N COUNT'~ F~~' ~~~'•%'f 4~' ~ ~T.~ltOG~EkPO~TNAS T 1~ ,~~~..,?A`~~.\`'~ ~ Cll~Il C1ACUlT COUR ` ''~~~ii~ nn~~~+~~~~~ ' VERt= tf D ~ ECOP.4 ~ Z This Instrument Prepared ByRobeYt A. Swisher, J~. QM~13 First Federal Savings 8~ Loan Association 5 ` 52 ~ ~ of Fort Pierce ~ F lor ida O ~ Checked By 26~94 ~ eoaK 2~.8 ~acE 8~ ~ ~ ~ ~ _ ~ - . ~,~.=~4 e~~.,~.~ . . . :