HomeMy WebLinkAbout1019 3. To p~ace and cont~n~oLSly kccp on ti~r bu~d~~.3s now a he~eaiier s~~~ate on said ~and and on ali equ~p~,~rnt and perscna~ly co•er~d by lhis morrg•
sge. w~th all p~em:u~ns ~hereon pa.J :n fuil, hrc insure~~ce in tha ~sv.~l ster.dard po'~cy (orm, in a sum aHp~o~cd by the MUR~G:.GEE, a~ J wr~ds~urm
msurance in the us~a~ i~anda~d pol:cy ionn, in a wm appro~ad by ~he MORTGAGEE, in sucA tanpany cr cc ~~F;an.es as th~ f.1C21GAGEE may
d~recr, end all I~~e and w~ndswrm ~n~u~ance po!~c~es on any ol sa~d lw~~d:ngs, any interest ~he~e~n or par~ Iherrof, i~ the agg~egafe su~*+ atoics~~d or
io sxccas ~hereof, at~aU c.u~ra~n the vau~~ standard margagee dause o+ such othe~ dause as the Mortgagee may rrqu~re, ~~a\~ng i~~a icsa u~~Jrr s~,d poli-
c~rs, each and e~ery, ,~ayab:e to said h1iJRTGAGEE as ~n int~r.:it niay appear, and each and eve~y wch poi~c~ ahall be prarptiy asa gncd a~~d de~~.vr.:d +o
any held by sa~d MORTGAGEE as (unhe~ scw~ity to te~d n:ortgage debt, and. not lesf Ihan tan (10) d~ys in ad.ance of ihe eap~~ahon of esch po~~c~r, to de-
I~ver to sa~d Mt7RTGAGEE a renewai ~F~ereof, togNher w~th a receip~ for the prem~um of suth renewal; and ihere shail be no f:re or v.u:d~io~~n ~~s~rance
placed pn any of sa~d bui!d~~gs. any inte~est there~n w part thereof, unless in ~he ~orm and w~th the loss payable as afo~esaid; and in the r•.eM any s~~m
of money bccanes payabie undrr such policy a pol~cies ta~J h~ORiGAGfE shall have ~he opt:oo to recr~ve and apply ~ha same on account of ~1~e ~~~d~•t~cd-
ness secu~ed he~eby or ro perm~t sa~d MORTGAGORS ta receive and use it w eny part the:eof tw oin. r~.~tf_ ~frs. c..ti'~o..t th,•~ u: or .
ing any equ~ty, lien w r~~ht under or by v~rwe of thla mor~gage; and fn ~he event sa~d MORTGAGORS shall Eor any reason fa~t to kecp ~he sa~d prem.ses so
inaured, o~ fail to del~ve~ piomptly any of said polKits of insurance to sa~d MORiGAGEE, or faii prompiiy to pay fu~ly any pre~r~wm it~~rrfo~ or in a~~Y
~as~rct tai! b~rrf^~m, d~scharge, exec~re, effPC~_ comy~le~e, comply with and abide bY th~s covenam, o~ any pa~t hrreol, se~d MivRTG:.GEE may p~ace a~~a t~
pay for such insuraece or a~y pa.t thereof wirhoul waiving w affeding any option, lien, equ~ty, or nght ~nder or by w.tue oi ih~s hlwrgage, a~d thE
;uil uno~nt of each and e.e~y such paymrnt shall be ~mmeclietely due and payable arx! shall brar inteiest from the date ?ixreoF umil pa~d at the rate of
n:ne per cenWm pe~ a~inum and te~rth~r wrth su<h i~~te~cs! shali be secured by th! lien of this mortgage.
4. To permit, comm~~ w su(fer no waste, impairmeN or deterio~ation of said property a any pan therrof.
S. To pay all and.s~ngular the cosro, charges and expenses, including a reaso~+able attor~ey's fee and costs of ahstracts o( t~t:e, incurred or pa:d st
eny time by aa~d MORTGAG:E, bcca~se or in Ihe ev~nt of the (ailure on the pa~t of ~be said MORTGAGOR to duty, pro~r.ptly and I~:iy perfo~m, d~xharge
~,cecute, effrU, comple~e, coTply wah and ab:de by each and every the stip~!a~ ons, agrer.nents, condrtions, and covene~us oi sa~d prom~ssory note and thi~
r.ortgage any w e~~her, ar.d sa:d cosrs, cha~ges and eapenses, each and every, shatl be immediate~y due and pa~abte; whether or not ehere kx nonce da
mand, anempt ro co~~eU w s~~t pe~d~ng; and the full amouro of each and eve~y suth paymen~ shaU t;ea* imerea! from the dare thereot untit pa~d at the
r.~~e os n~ne per crntum F.e~ am~u:n; aiiC ali said cos+s, chaiges and ex;xnses int~rred or paid, ~og_ihe~ w~th such interrst, ahell be sec~red by the I~rn of th~s
mwtgsge. -
6. That (e) in the evenr of a~y breach of this Mo~tgage w default on the part of ?he MORTGAGCR, or (b) in the event any of sa:d aums of money
hercin referred to be not pro~npriy and fully paid w~rh~n th~:ty (30) days next aiecr the sa~r.e seve~a:ty becor+te dve and payab!e, witlwur demand or notue,
or (c) in the event each and every the stip~,at~ons, agreemenrs, cond~~~ons and covenants of sa d p~om~ssory note a~ed ~h~: mcrtgage any or eoher are nof
i~iy, pnxnptly and fuity performed, d~scha~g_d, executed, effec~ed, co.np:eted, compGed w~th and ab~deJ Sy, thzn in eaher o~ any su:h ever.t ihe sa~d eg
~rrgate sum menrioned in said promisaay no~e then rema~mng unpa~d, with ~n~erest accrued, ar~d a~i moneys secured hereby, shall hecome due and pay-
a~.e forthwith, or ihereafter, at the op'~on of sa~d MORiGAGEE, aa fuity and completety as i1 all of ~he so~d sums of money were ong~na~iy st~pu.atrd
~o be pa:d on svch day, anything in sa d promssory note o~ in thts Mwtgage to ?he cororery no~.v6~hsta~d~:~y: and thcreupon or thereafter at the o~:t~on of
s..d MORTGAGEE, w~thout no+~ce or demand, suit at law or in equ~ty, therefore or tl~erraffer bey~n, may be prosec~ted as ~f all moneys secu~ed hereby
n_d matured p~~or to ~ts ins~nu+,on.
7. That in the eve~t that at the beginn~ng of or at any t~me pend~ng any su~t upon th~s Mortgage, or to forectose it, o~ to reform it, or to enforce
palment ef any claims hereund~r, said MORT{~AGEE ahaU apply to the Cou~t havmg ~u::sd:ct~on therrof for the appo~ntmem of a Rece~ver, wch Cc~rt s!~a?
fcrrhw~th appoiM a receiver of sa~d mortgaged property all and singuiar, inc:~d~ng al! a~d s~nyu~ar the income, profas, essues ar,d revenues frorn whete+er
soucce drrived, each and every of wti:ch, it be:ng expressly unders~ood, is h.ereby morrgaged as ~f speaf~ca~:y set fotfh and descnbed in fhe g•ant~ng a~'•d
habendum c'.auses hereof, and wch Receiver shali have all tne brcad a;•.d effect;ve func:~ons and powers in anyw~se entr„sted by a Co~~t to a Rece~ver, ar:d
s_,h appointment sha:~ oe maoe by wch Court as an adrn~~tcd eq~ity arxl a matter of abso~u~a nght ro sa~d MORTG~+GEE, and v~ith.ut referer,ce ~o the
adequaq or inadeq~ac~ of th:e va.ue of the property mo~tgaged or to the sonency or en;orvency of sa~d NIORiGAGOR or th~ defe~:da~:s, and ~h;t svch
+e~rs, profits, irtcome, issues and revenues shall be appiied by such Reteiver accord~ng to the lien or equrty of saEd 1.10R1GAGEE and ~he p~act~ce of such
Coutt.
8. To du'y, prompt:y and Iutly perfo~m, dhcha.ge, execute, eifect, complese, comply wi~h and abide by each and every the st~pu!aiions, ag~eernents,
:o~~dirions and covenanrs m aa~d promiuo*y note and m~s n:ongage set foith. _
9. That in the eve~t the ownersh~p of the rnortgaged precn~ses. w any part thereof, b~ccmes vested in a perwn other than the MORTGAGOR, the
~RTGAGEE. ~ts succrsso~s and ass:gns, may, w~thovt nor..> to the MORiGAOR, deai wnh such succeuor o~ wecessor in interest w~th referer,ce to thn
or~gage and fhe'd_bt hereby secured in rne same manner as w~+h Morfgagor w~tha~t in any way viuating or d:scharg~ng the Mortyagars' Iiab,,;r~ he~e-
::~der or u~ the debt he~ebr sec~red. No saie of ine premlxs hcreby mortyaged and rto forbeara*.te on the part oi the /dORiGAGEE or its successon
o~ ass~gns and ~o eatens~on of the ~~me for ~he payment of tne debt hereby sewr~d g+ven by the MORiGA(;EE or ~ts succeuon or oss gns, a~~au operate
~o re?ease, d:scharge, mod~fy change o~ affect the or~g,nal liao,i:fy of the I~tORTGAGOR herein, either in whole or in part.
10. It is spec+!~cal;y ac•eed rhnt ti~ne is of the esce~ce of this cont~act and that no waiver of any ob~~gat~on hereu~der or of the obiigation se-
cvred hereby shai~ at an~ time rnereafter be he:d to be a waiver of rhe terms hereof or of the ~nstrument secu~ed herby. ~
11. In add.t,e~ 'o tne forego n~ r.~onth'y paymenis of p~i~,: aa1 and inter~st requ~red by the prom.ssory ne•e sciured hereb~, mo•tgayor cover.ants
,-d a~r:es to pay to m.o-sgagee v..th each c~:•h y~,a,:,:ens an add~~~orral w~n esr~ ated by morrgaqee to be eq~af to i, 12 of t;.e annual cost of ~he fol:o~-
A-Ai! real property T3]t25 le~ie~ or asse:s._d eg3~ :s! the aeo+e desaib~ d real estate.
B F:ar*~.~~•ns on f,re ar.o w~r.dsr~rm .r.s~nacce as here~n reyu:red to be ca.n<-d on ihe .mproveme~ts s~tuate on the above d=su~5cd prem;ses.
~ C-P•e~~;.,:^s o~ SJC`1 mo~t~_ge CjU3!3!'ty ~r.su~a~ :e as mo-tgagee shail frv- r roe to t~~ne deem f~t to carry on ttie loan secured he:eby.
` Mor+gagee she'~~ '~cm tnne to tin e ne~~f; mcrryago+ wr;t~np of the ar-o;,~t d:~e and payable hereunda~ and such wm sha;l thereupon be due and
~ .~,ab'e o~ rhe d~e ca!e oi th= rear rr.onth:~ pa~n.ent and each success~ve ~onth fhereaft~r or.f~; mcrtgagee sha'.1 notlfy mortca~or of a chan~e in such
~ ount. Such su:ns s~a ~:;e at,'r'~ed ~y mor!ga~ce to:.a•d the parment of tea: prcoerty taxes, ~nsurante prem.vms, and mort9age guaranty inwrante
::•em~ums. ~
~ IN ~'~ITNE55 YiNEREOF, the sa~d h~ORTGAGQR has he:eumo se! hls har.d and aea! rhe day and ye .fint aforesa~d
~ Signed, Sealed and delive~ in the preser.ce of: ~ F~~
, - ~ Z Sea1)
~ i n re~w BOtbOtkO _ {Seah
~ ~ , _ .
~ - , ~ ' ' - Beatrice Borbotko {~a~~
~ csea~)
~ SiATE OF fIORIDA ~
SS.
~ ~~u.~rY of St. Lucie _ ~
~ Andre~v Borbotko
8efore nte penonalty appeared and
~ Beatriee BOIbOtjCO his wife, to me welt known and knovvn to me to be
~ rh= ind~viduats described in and who executed the forego;ng instrumem, and acknowSedged before me that they executed the same for the purposes
~ rhe•ein expressed. And the said Beatriee Borbotko
~ ..~~e of the sa~d ~dr~ B°rbotko a separate and private
" e.am:nat~on by me taken sepa.ate arn! apart from her sa~d husoand, acknowledged to a~d before me that she exec~ted said instr~ment free~y ar.d voium
~ ~a•~~y and w~tho~t any compu!s~on, corstra~nr, acprehens n, or fear of or from her sa~d husband.
da NOVember 73
WITNESS my hand and oFfic~ai seat :his_ A. D. 19
26J~~~ ~ ~
otary Public in and for the of Flori at large
~ My Comm~ssion expires:
' Re1vm To: S1. VQ~E Ci~V~Y FL ~
~ First Federal Savir.gs 3 Loan Aasoc~ar.or. a~G~R P~ R~$
F ~ CIERK Ci~CtH7 COURt
~ ~ RECORO VERfitEO~....
~~x lior Z9 a si ~M'Z3 . - ~ .
This lnstrument Prepared By John W . Collins - _ ~ ~ ~ ' • ~
r
_ Firsr Federal Savings 8 Loan Association _ : ~ -
of Fort Pierce~ Florida = .
_ ~1. . 1
Checked 8y ~,r' 1 . .
~ . % 1; - ~ ~ .
nC / p,•'f ~4i9 I ~
y:~~y. 'il~~if31~~.
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