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HomeMy WebLinkAbout1814 3. To ptace and cominuously keep on tF~e bui'd~r.gs now or hereaftei aifuate on sa~d tand and on all equipmenl and peraonaily covered by thii mo~tg- ege, with a~l premiums thereon pa~d in lutl, fire insu:enc~ in ~he usuat srandord poGcy (orm, in s sum app:oved by the MOR~G:GEE, and windstorm ;nsurance in the usual ~randard pol.cy forrn, in a sum approved by ?he MORTGAGEE, in such company or companies as the MORTGAGEE may d;red; and all fire and w~ndseorm insurance polic~es on any of said buildings, sny i~terast therein or part Ihereof, in the aygregata sum afo~esaid or in exce~a Ihereof, shall confain the usual sta~tdard mortgagee clause a such othe~ clauss as the Mwtga~ee may rcqu:re, mak~ng the ioss ander se~d poli- ~ i des, each and every, payab!e ro:a~d MORIGAGEE as +?s inier~st may appea~, a~d each and eve~y such pohcy shalf be promptly a~s g~~rd and de!~.•r~ed fo ' any held by sald MOCivAGEE as furrher security to aaid mortg.:~e dabt, and, not leas than ten (10) days in advance of the expiration of each poiicy, Io de- ;~ve? to said MORTGAGEE a renewal the~tof, toge~her with a receipt for the premium of svch renrwal; and ~hzre shall be no f~re or w:nds~o~~n i~s~rar.ce p~aced on any of sa~d bvild~ngs, any inte~est there~n or par~ thtrcof, un!ess in the form and w~th Ihe loss payable as aforesa~d; and in the e~ent any sum of mo~ey becanea p.,yable vndrr such policy or po~~cies said MORTGAGEE shall have the opt~o~ to receive and apply tha same on account of the indaLted- ness se<ured he.eby or ro Fermif sa;d ~AORTGAGORS to receive and use it w any part the:eof ior o~i~_•r purF,~srs, v.~~i,c:t ih,~~ u~ w,:i~, cr ~~~.p:,;r- ing ~ny equ;ty, lien or right under or by virtue of this mortgage; and in the event sa~d A50RTGAGORS sh311 Fo~ any reason fail to keep the said prem~ses so ~naurzd, or fail to det;ve~ p~anptty any oi said poGues of insurence to sa~d MORIGAGEE, o~ fa,l p,omptly to pay fully any prrmi~m ~herefw or in any resped iail ~o pe~torm, d~scharge, execut~, effec~, completc, comply wiih and abide by this covenant, a any par~ hareof, sa~d MGRiGAGEE may piece a~~d ~ pay fp such insuronte o~ any pa.t thereol w~thout waiving o~ affecting any option, lien, equity, or ?ighr under or by virtue oi th;s Morrgage, and 24~: f~!! amount of eath and e?ery suth payment shell be immediately due and payable and shall bear interest from the date thereoF untli paid at the rate o1 n~ne per centum per annu.n and together w~th such inrerst shaiV be secured by the lien of this mortgage. To permit, commit or suf(er no wastr, impairment w deteriorat~on of said property or any part 1Fe?eof. - S. To pay all and singular the costs, charges and expenses, including a reasonabta attorney i fee and costs oi abstracts of titl~, incurred o~ pa~d at any time Cy said MORTGAG:E, because w i~ the event of the fallure on the part of the sa~d MORTGAGOR to duly, promptly and fully perform, d~xharge. execute, etiect, comptere, com~.!y w~th and ab:de by each and eve~y the stipulations, agreementa, condinon~, and covenants of said pram~zsory note artd this .T,ortgage any o~ e~ther, and sa~d costs, charges and exFensrs, each and every, shall be immediately due and payable; whe!her or not thare be no~ice d~ mand, atlernpt to coflect or suit pend~ng; and the full amount of each and every svch payment sha~l bear interest from the date thereof un~il paid at the r.~re o~ n~ne per centum ~nr anu~m; and a(i said co:ts, charyes and expenses irxurred or paid, togethm wAh suth interrst, shaU be secured by the ~ien of th~s mortgage. 6. That (a) in the event of any breach of this Mortgage or de(ault on the part of the MORTGAGOR, or (b) in the eve~t any o( sa:d sums of mo~ey h<rein refe~red to be not pranpHy and fully paid wilhin thirty (30) days nexl aitcr the same severa!!y become due and payabtr, wi~houf demand or notite, or (c) in the eveN each and every the stipula~ions, agreements, condit~o~s and covenants of sa~d procniuory note and th~s mortgage any or eifher are no1 i~:y, promptly a~d fully performed, d,scha~ged, executed, eifected, comp;eted, comphed with and ab~ded `ay, then in either or any such event- the said ag ~~egate sum menrioned in said promissoiy note ti~en remaini~g unpa;d, with interest accrued, and atl moneys secured hereby, sha11 become due and pay ~~'e fonhwith, w thereaftc~, at the optron of sald MORTGAGEE, as fuily and compler~ly as if all of the x~d s.rms of money were or~gma:ty st~pu:ated be pa~d on such day, anything in sa:d proin~ssory note or i~ this Mortgage to the conrrary norwithstanc.+i~ig; and lhereupon or fhereafter at the opt~on of s.~.d MORTGAGEE, without not~ce or demand, suit at law or in equity, therefore or thereafter begun, may be prosecutc-d as if all moneys sec~red hereby r.~d matured pr~or lo ~ts mstitution, 7. That in the event that at the beginn:ng of or at any ti,ne pending any suit upon this Nortgage, or to forec7ose it, or to ~eform it, or to enfGr~e ; F.~yment of any ci~;ms hereu~er, said 610RTGAGEE shall apply to the Cou.1 having jurisd~ction thereo! fo~ the appo+ntment of a Reteive~, wch Co~rt shaH j io: rhwith appo~ro a receiver of said m.o~fgaged property all and siruj~iar, includ~ng ail an~ s~ngular the income, proina, issues and reve~~ei from whatever F s: ,~ce derived, each and every oF whrch, ir be]ny expressty undersiood, is he~eby mortgaged as ~f speu~icatly set forth and describrd in the gram~ng and ~_~hendum clauses hereoi, and such Receiver shaU have all the oroad and effect~ve funct,ons and powe~a in anywise entrusted by a Cou+t ro a Receive~, and s. cn appo~ntm~nt shall be made by such Court as an adnitted eq~~ty and a matter of absoiute riyht to said MORTGAGfE, and wirha~t ~e6erence to the a:i_yvacy or inadequacy of the value of ~he property mortgaged or to the so~vency or i~sofvency of sa~d MORTGAGQR or the defendants, and that such r~ •~rs, profiu, income, iss~es and reve~~es shaii be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the praUice of wch ~o~~t. 8. To duly, p~omprly and fv1ly perform, d~scharge, execute, effect, complete, compty w~th and abide by each and every the stip~Sations, agreements, :o. d~tions and covenants ~n sa~d promissory ~ote and th~s mortgage set forth. 9. That in the event the ownership of the mortgaged prem~ses, or any part tnereof, becomes vested in a person other than the MORTGAGOR, the RtORTGAGEf, in succe3sors and assigns, may, wirh<;;:t norice to the MORTGAOR, deal with such wccessor w s~ccessw in interest with referer,~e to this ~ro~tgage and the debt hereby secvred in the same manner as with Mortgagor w;thout in any •xay vitiating or d~scharging the Mortgagors' liability here- , ~.•der w upon the debt hereby sacured. No sa:e of the premises hereby mortgaged and no forbearance on rhe part oi rhe MORTGAGEE or its s~ccessors ` c~ ass~g~s and no exte~s~on oF the time for the payment of the debt hereby secured given by the MORTGAGEE or its s~ccessors or ass~gns, atialt operate i ro ~e!ease, d~scharge, modify change or af(ect the orig~nal liab~l~ty of the MORiGAGOR herein, eiiher in whole o? in part. 10_ It is spec~f~caity agreed ~hat time is of the essence of this contract and that no waiver of any ob~~gation hereunder or of the obligation se- cured hereby aha~1 at any time th_.eafrer ba h~;a ro be a waiver of the terms hercoi o~ of the instrument secured he~by. ` 11. In acid~tle~ So the forego ~~g monfh'y paym~nts af princ pa{ and inter~st requ'ued by the prom:ssory no!e s^cured here6f, mortgagor covenanis d agrees to pay to mo:tgagee x:th each monrhiy pay;.~ent an eddnional s~m est;n,ated by mo:tgagee to be equai to 1, i2 of the annual ~ost of the follow- A-AL' rEal prope~ty tax2s le•+~e~ or d51t'S5~(j ag.~~•ist the abooe describcd real estate. B-Pn_n,<uns on f~re and wtr.dsro~m ~nsvran~e as ~erein requ;red to be ca•rird on the ~m~;rovemeats s~t~ate on th.e above descr;ted premises. C-Premiums on such mortg~;ge gva*anty ir.sura~ ce as mo•tgagee shal{ fro:n r'me to tirne deem fit to carry on the toan secu~ed F.ereby. b'lortgag<c sha!t from nmc to •~~ne nonFr mort~agor in writ;ng pf the amo~m d~e and payable hereunder and such s~m shai~ therzupon be due and ;~,ab!e on :hr due da!e of fhe nexr ,;onth!y payrnent and each successive rrionth rhereafter ur~ti~ mortgagee sha!! notify mortgagor ef a change in such , ount. Such wms si~a:f be appi,ed by mortgay.~e towaid the payment of reaf property taxes, insurance prem:ums, and morfgage guaranty insurance . e!r.iuq'IS. IN YJITNESS WHEREOF, the sa~d MORTGAGOR has hereunto set h~s hard and sea{ the da and year first aioresa~d_ S+gned, Sealed and delivered in the presence of: j _ ~~~f Cl.~_. Sea!) cob A . ~un a ~~a~~ _ , / ` ~(Seal) ueline L . ~~un dIC : ~~a~~ STNTE OF FIORIDA ~ ~~~UNTY OF ST. j.UCIE ~ Before me personatly appeared Jaeob A, tunyak ~ ~ .~.,.~~.li~ and Jac~ueline L. lunyak his wife, to rqe~N'e`FJcn~vti.~`~~~d ~CiaG~ tb rrk to be tha individuals desvibed in and who executed the foregoing instrument, end acknowtedged before me that fheK~ ~~~tetj~tfie sllst~f~~.~?~, purposes +~,^%ein expressed. And the said Jaequeline L. :`tunyak ' ~ ~ .--Pr ~ . F ~ . w:fe of the sa~d __~aCOb A. !~lunyak ~`~'I ~ upon a sepaipte dhd privats c.am~nat~on by me taken separate and apart from her sald husband, acknowledged to and before me that ~eXetut~d,s~~f~4y~~frQefy and voiun- ra, ~ly and wrthovt any comFuisron, coRStraint, apprehens;on, or fear of or from her said busband_ , . - ~ ; WITNES$ my hand and official seal this__ O~i__ ddy a{ NOV@I3bE''1'Y ~ ~i r, ~ ' 'f ~ ~ _ N $Da '~9~_ ~ ~ i~~:-~.CL-~ ~ ~ ~ ~+~e: ~ ~,ti ~ ~ ~ Notary Pub1~c in and for the 5 ta of~ F~wida at large ~ My Commission expiref: ~ Return io: F~rst Federal Sa~~~gs 3 loan Associatlon NOTARY PUBLIC, STATE O( FLORIDA et LARGE Of Fort P~e.ce. F!Y COM1t:'.ilSSlGN EXPlRES SEPT. 25, 19J5 8onded By Ameritan Bankers Insutance Co. Fort P~erce. Ftorida f L£U~H: :~:~~pED f~ ~~~i~ ~ouNrr ~~A. R[j„ + ; ; , This Instrument Prepared By JOhn W. Collin5 e~~ Lf ^l; ~"~U,; `C~~pT First Federal Savings & Loan Association .~-,~i~ of Fort Pierce ~ ~~orida ~ ~ Checked By L!~- ~ k~ 26'~BSg , ~ - , - - - _ _ _ _ , . . . . . . ' : 3^. . . ~