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HomeMy WebLinkAbout1692 3. To place and con~inuous~y keep on ~he b~i!J;~•ys now or he~eafte~ ~~tuate on sa~d tsnd and o~ all e~u~p:nen~ ard personafly covr.~d by th~s mortg- sge, with all premiuma Ihereon ~:a!d in full, i~•e ~nsvra~xe in ~he uwal s+a~~ard pot~cy (orm, in a sum dN~fUvN(i by the MORI~.AGEE, and w~nds~orm insurance in dia usval sranda~d poGCy form, in a s~m approved by thr MORTGAGEE, in such tompany or compan~es a~ the MORiGAGEE may dired; ~nd all firo and w~ndstorm insurance poGues en any oi sa~d b~1ld~ngs, any iMeresl thercin or part thereof, in the aggregate w~~ aforesaid or in exceu thrroof, shall contain ~he ~aual standard morrg~gee ctause o~ :uch orher dause as the Mortgagce may reywre, maYing ~he toas under sa~d prlb cies, each and eve?y, parable to se~d h\ORTGAGEE as ~ts ~nl~reit may appea?, and each and eve~y such po!:c~ shall be prompt:y ass gned m~d deliverrd ~o ~ sny he~d by sa~d MORTGAGEE as iurther security to said mo:rgage debt, and, not less ttsan ten (10) days in ad.ance oi rhe eapi~afion of each pol~cy, to da ' liver lo said MORTGAGEE a ronewal thereoi, toge~her with a receipt ia the premi~m of such renewal; and tF.are shall be ~w f~re o~ wiudsro~~n inwrance • p~ued on any of said builJ+ngs, any intrreat therein o~ part thereof, untess in the (orm and w~+h the loss payab!e aa aforesaid; and in the event any sum oi money becomes payabte under such policy or poGurs said MORiGAGfE shall have Ihe opt;on to receive and apply the same on accoun~ of ~he ind~bwd ~ess sec~red hereby w to permi~ satd MORTGAGORS ro rece~va end use i~ w any part ihareof I~r o:~~~r Husp:os~•s, ..niw~t ih_.. o; ~3 ~~~:;,,,~r- irg any equity, lien or righr undzr o~ by virtue of this mo:'gage; and in ~he event sa d M~kTGAGORS sha!! for any ~eason fail fo krep the sa~d p~emis~~~ so ~~3ured, o~ fail to de~iver promptty a~y of said pol~cies of insurance 1o sa~d MORiGAGEE, or fail prompt:y to pay fully any prem~vm ~herefo~ or in any respect tail to perform, d~xha~gc, execute, eHect, completa, comply with and abide by this covenant, a any pait hzreo(, said MGRTGAGEf may p~ace a~~e pay (x such insurance o~ any part the~eof wbhout waiving or affecting any opticn, lien, equ~ty, or ?~ght unde~ or by virlue oi this Mwtgagr, and the ' full smou~t of each and every such paymam shall be immediately due aod payable and shall bzar interos~ from tha date thereof u~nl po~d at the rate ot ~ n~ne per crntum per aMUm and to~rther w-ith such inteiest shafl be securrd by the lien of fhis morrgage. ' 1. To permit, commit or suffrr no wasfe, impairment w detrrio~ation oi seid property or any part thereof. ' 5. To pay a!1 and singular the costs, chargea and expenses, includirg a?easonable attorney's fee and costs of abstiacts of title, incurred or paid al any time by wid MORiGAGEE, because or in ~he eveN of the 4a~lu~e on tF~ part of the said MORTGAGpR io duly, arompely and futly perfwm, d~scharge. execute, effecl, compiete, ~ompty w,th and ab:de by each and every the stipulat~ons, agreemenfs, conditions, and covenants of said pranissory ~ote and this mortgage a~y o~ ei~her, and said costs, charges and eapensrs, each and every, shall be immediately due and payaLle; whether or not there ix not~ce de mand, attempt to collect or suit pend:ng; and the full amovnt of each and every such paymenf shatl bea. inrerest f~wn the date thereof unfil paid st ~he rate of nine per crntum }~r dnuum; and aU sald cus+s, charges and expenses ~ncurred or paid, ~ogzther wah such interest, shall be secured by the lien of th~s mortgag0' 6. TFwt (a) in Ihe evenl of any breach of this Mortgage or defa~lt on the part of the MORTGAGdR, or (by in the event any ot sald evms of money herein teferred ~o be nof pranptly and fully paid with~n tiurty (30) days next after the same sererally become due and payabte, witlau~ demand o~ notice. or {c) in the event each and every the stipularions, agreements, condn~ons a~d covenants of sa;d promissory note and ~hs mortgage any or ei~her are not ~uly, promptly and fulty performed, d.scharged, executed, etfected, completed, tomplied wirh and ab~ded ~i/, then in e~the~ a any auch evenl the said ag gr~ate sum mentioned in said promissory note then re~naining unpaid, with interest accrued, and a:l monrys setured hereby, shall become d~e and pay- able forthwith, or thereafter, at ~he opt~on of sa~d h10RiGAGEE, as fully and completely as ii atl of the said sums of money were a~g+naily st;pu:ated to be pa~d on such d:.y, anything in sa,d prom~ssory note or in this Matgage to ~he conrrary notwithstanding; and thereupon or thereafter at the opnon of sa~d MORTGAGEE, wi~hout nor~ce or demand, suA al lovv or in equity, therefore a thereafte? begun, may be prosecu~ed as if all moneys sewred hereby h~d matuted pr~or to As institution. 7. That in the event thar at the beginning o1 or at any time pending any su~t upon this Mortgaye, or to foreclose it, or to reform il, or to enforce paymero of any ciaims here~nder, said MORTGAGEE sha~l apply to the Cour~ having ~unsd~uion thereof for the appo~mmen~ of a Receiver, such Co~rt shai( rorthwith appoint a rece~ver of said mortgaged property all and singu~a~, includ,ng afi aRd s~ngu~a~ the in~ome, prohts, issues and ?even~es fiom whatever seurce derived, each and every oi wh~ch, it be~ng expressly undersiuod, is hereby mor~gaged as ~f speui;~ally set tortA and desciibad in the granting and habendum cla~ses hereof, and such Receiver shali have all the broad and effeaive funcnons and powers in anyw~se entr~sted by a Courf to a Receioer, and :~ch appoFmment shall be made by such Court as an ad~nit~ed eq~ity and a matter of absoiute right to said h10RiGAGEE, aad withc~t relerence to the adeq~aq w inadequacy ot the va!ue of the p~operty mortgaged o~ to the so~vency w insolvency of said MORiGAGOR or the defendants, a~d ~hat svch re~ts, profits, income, issues and revenues shail be aFptied by such Receiver acco~duig to !he lien or eqvity of said MORTGAGEE and the practice of such Court. B_ To du~y, prompt:y and futly perfo~rn, discharge, execute, eifect, complete, comply wilh and abide by each and every the st+putations, agreements, conditions and covenanrs ~n sa~d prom~ssory note and this mortgage set forrh. 9. That in the event the owr.ership of the morrgaged prem~srs, or any part thereof, becomes vested in a per~n other than the Rll`JRTGAGOR, the MpRTGAGEE, its successors ar.d ass~gns, may, without notice to the ~,pRTGAOR, deal with such successa or successor in interes~ wi+h re}erence to th~s mo-iga~e and the d>bt hereby secured in the same manner az wnh ll,ortgago: w~thout in any way vit[ating or d~scha~ging the Mortgago»' liability here- u.^.der or upon the debt hereby secured. No sa:e of the prerr•isos hereby mortgaged and no forbeara~ce o~ Ihe. part oi the fJ10RiGAGEE or its successors o: ass~gns and no exrension of the time for rhe payment of the debt hereby secured given by tF~e MORTGAGEE or its successws or ass~gns, s~ alt_operate ro reiease, d~scharge, modify change or atfect the c~ig,nal 1'rabJ~ry of rhe MORTGAGOR herein, eithe~ in whole or in part. 10. It es speulJcal;y agreed that time is of the essen~e of th~s contract and that no waiver of eny obGgatlon hereunder w of the obligation se- cured hereby shafl a~ any time thereaher be hetd to be a wairer of the terms hereof w of the instrument secwed he:by. 1!. In add;No? to the forec~o nry month!y pay~r~nts of o.i-,c pa1 and interest requ~red by the promsscry nore sccured hereby, mortgagor covena~ts s~~d agrees to pay to mertgagee ~nirh each monrhty pa~r:~er.t an add~r;onal sum estmated by morigagee fo be eqvai to 1, 12 of the an~ual cost of the follow- in~: A-A!I reai property tax;s le•rie~ or assesseti ayai•ist thc above descri~cd real estate. B-Pre:r.~ums on fire and w~r.dstor~n ~nsvrar.ce as here~n .equ~red so be ca~~+ed cn the imp•oveme~ts s;tuate on tha above d_scribed premises. C-Prern~ums on svch mortgage gvaranty ir.sura~.ce as morfgagee s~a;l f.e•r t.me to time deem fit to carry on the loan secured hereby. Mortgagee sha!1 from t~me to t~me na~fy rtrortg~ger ~n writi~g of the an,ount d~? and payable hereundrr and such s~n shait thereupon ~ due and , ; a.ab!e on the due da!e of the next n;onthiy payment and each svccessive mo~th thereafter ~r,til mortgagee shall not=fy mortgagor of a thange in such ` ' ~•.ount. Such swns s~a:! !~e aNp~ied by mortgagNe tov~,ard the payn,ent of real property taxes, irsurance prem.ums, and mortgage guaranty insurance :~~e~niums. {N Y~tTNE55 V.HEREOF, the sa~d MQRTGAGOR has hereumo set his ha~d and scat the day and year first afw.esaic~, Signed, Sealed and delive in the presence of: ~ ~ ~y Sean ~ ~ ndrew Borbotko t~ai~ I ~ - ° cs~aq ~ Reatrice Rozbotko ~~a~~ 3 STATE OF FlORIDA [ ~OUNTY OF St . I.UC 1 e ~ 55. • - ~ _ ~ Anclrew Borbotko _ Before me perwnally appeared ~ , ~sad ~ _ BeBtIlC~ i BOIbOt~CO his wife, to me well kncw#i a~od lcnc ~ me to~e - ~ th~ individuals destribed in and who exetuted the foregoing instrumtnt, and acknowledged before me that they executed tAe~tairre /~th~pur~ysg.s" ° rhe•ein expressed. And the said Beatrice Borbotko ~ v, ~ d AndYeve Borbotko - ~ • ~ ~ +.~fe of the said u'p~rN'~eparate~ ~'privjr~, = er;m~nat~on by me taken separate and apart from , acknowledged ro and before me that she execuJed said ina~umerA.freei~alSd vp{urye - ; ranly and w~thout any compuision, constraint, appre ~q(.fe r of or e id husband. , ~ . ~ WITNESS my hand and ofFicial seal this_ af ~ y October ~ - '~i~ s~B.34 ~ ~ ~ ' Notary P~blic in a for the State of florida at large . ; My Commission expires: Return fio: - First Federal Savings 3 Loan Assouat:on Of Fort p.erce. NL": ~RY i'UPCIG, SlFif C~ ilUN1l~A at IARGE Fort Pie~ce. Flo~icia NY Cti:".:ICS'.~'ti EXFIFES IAN. 7, 191~ ~ L~;~~::3 8~ F.•aen.~;~ 8~;,~crs Is~s:~nnco Co, ~ F ~ This Instrument Prepared By John W.Collins ~vSV~~ . First Federaf ~Savings & loan Association ~ of Fort Pierce Florida FtLf~ ~MD RECORDEO ~ ST.IUCIE GOUNTY FLA. _ ~ ROSE' P~~TRAS ~ Checked By CtEFK C.=:~U1+ COURT I = ~ECORC ~[r:ir~EU._i, - Oc~ I I $ 36 AM'73 ~ aoox2~9 is91 ~g , , : ; _ .