HomeMy WebLinkAbout2126 3. To piace and coriGnuoust~ keep o~ the bui'd:n~s nolv or hereaf~rr ~~~~ete on sa~d land and on al( equ~p~nent ar.d personally co.ered by ~h~~ mortq-
ege, with all premiums rhrreon pa d in fu}!, I~re ~nswance ;n ~he usu.?1 see~xla~d poGCy form, in a sum epp~u~rd by ~he MORtG%.GEE, and x~ wisro~m
~nyu~ance in the usual s~andard poLcy fo~m, in a wm aNproved by the MORTGAGEE, in such company or com~:an:es as the MORfGAGEE may
direcl; and al{ fira and w~ndsrorm insura~ce policies on any of sa~d build~+~gs, any interesf the~ain or par! ~hzreol, in the agg~~ga~e sum afo~csa~d oi
in excess thereof, shall contain the usual sta~~Jard mor~gagae dause or such other clause as the Mo~tgagea may reyu.re, maAing the :oss unJrr s.,.d poli-
ues, each and eve~y. payab't~ ~o sa~~ h3J~2i~AGEE as ~ts ~nteresl may appear, and each and every such pu:~c~ sl~alt t~e prorr.pNy ais g~~rd a~~d del~va~.~d io -
eny held by sa~d MORiGAGEE as furth~i ~ecwity to said mortgege debt, and, not fess than ten (10) days in advance of the exp~ral~on ol rech poi~cy, to de•
Gver ~o sa~d MORTGAGfE a renewal thereof, togethar with a rece~pt fo~ the premium oi such renewa); and ihere shali br no f:re or Y.:nds~o~m inswence
p~ated on a~y of said buitd~ngs, a~y ~ntrre~t the~e~n u part the~eof, u~lr:s ~n ~he form and with the loss payabte as ato~esa~J; end in the evem any s~m
of money becomos payable ~nde~ such pohcy or policies said MORTGAGEE shall have ~he option to reteive a~td apNly tha sa~~ie on acco~nt of the indaoted-
oeu fecured h¢reby or to permif aa~d ~AORTGAGOR$ to reteive and us! i1 q any part fhe:eof lor o:hcr Hur~,;;srs. ~.:ri~~ut ~h .~....n:~ .;r r~.p..u-
~++q anY oqu~ty, lien or i1gM under a by vir~ve of this mor:gage; and in Ihe evrnl sa~d MORTGAGORS shall Eor any reason fa~l to krep t1~e said prem~s~•s so
insured, or'fail t0 de!iver pranpfly any of s~~d poLties o) insuran~e to sa~d h10R1GAGEE, et fai; piomptiy to pay f~ily any prrn~~„in therefor or ir. a~~y
rospect (ait fo perform, discharge, executa, effect, cort+pleto, corr~ply with and ab~de by this covenant, or any pan h~reaf, seid ~1:iR?t3AGEE n,ay p~ace a:~o
pay for s~ch insurance or any part the~eof w~thout waiving o~ af(ecfing any ophon, lien, equ~ty, or r;gM under or by vi~tue of this Mo~tga~e, and thE
full a~.wu~t of each and eve~y such paymem shall be ~mmediaTely due and payabte and shail bear fnrerest from rhe dato thereot unrd p.,~d at ~ne ~~re ol ~
~~~x per tentum per annurn and to3r~h_r with such inter~st shail be ~acured by tho lien di this mortgage. ,
1. To permit, commit or suffer no waste, impairment ot deterioration oi said property or any part thereof. ~
S. lo pey all and singutar the costs, tharges and expenses, includ~ng a reasonable atto~ney's fee and costs of abstracts of title, incurred or pa~d af
any time by said MORiGAGEE, because w in the event of the failure on th~ part of the said MORTGAGOR ta duty, p~ompfly and fvlly pzrform, d~scnarge.
execute, effett, complete, comply w~th and ab:Je by each and every the stipu~at~o~s, egreemcnts, cond~tioos, and covenants cf saed pr~m~ssory note a~~d +h~s
n,ortgage a~y or e~?her, and aa:d cosrs, cha~9es and eapenses, each and every, shall be immrd~ate~y due and payabte; whrrher or net the~e be no~+ce d>
mand, attempf to colled or suit pend;ng; and the 1u11 amount pf each and every such paymem shall bem interes~ frwn the date ~hereol unril paid at ri~e
r~te o1 nine per crnwm per annum; ond ail sa~J tosts, ci~arges and exnenses ~ncurred o~ paid, ~ogether w~th such +n~ernst, shail be secured by the Grn of th~s
mortgage.
b. That (a) in the evenl of any breach of thes Mortgage or defaulr on tt~e part of the MORTG/1G~R, or ~bj in the event any oF sa:d sums of money
herein refe~red to be not promprly and fu:iy paid wEe~~n thvty (30i dars nexf aft~r fhe same severalty become due and paya6te, w~thow demand or notice,
or (c) in the evenl each and every the stip~,ations, agreemenrs, co~drrfons and covenanrs o~ sa.d promissory nore a~,d th~s murlgage any or either are not
iuiy, pro~nprly and 1u(ly pe~for~ned, d~scha~g~d, executed, effected, comp{eted, compl~ed with a~d ab~oed Sy, ~hen ~n e~~her or any such event the sa~d ag-
~regate sum mentioned in said promisswy ncte then remaining unpaid, with interest accrued, and al! moneys secured hereby, shall become due and pay-
aC~e forthw~th, or ~herealtei, at the opnon of sa~d NtORTGAGEE, as fully a~d co~np:e~ely as if a!1 oi ~hN said sums of money were a~gma~:y st~pviated
fo be pa:d on such day, anyth~ng in sa:d pro:n~ssory note or in this Mortgage to the con~rory noiwithstand~~~y: and there~pon or thrreafte~ a~ the opuon of
sa;d MORTGAGEE, without nonce or dcrt;ar.d, suit at !aw w in equify, therefore or the~eaite~ begvn, may be prosecuted as if all moaers secured hereby
nid matured pnw ~o its ir.stitut~on.
7. That in Ihe event that at tne beginn:ng of or at any time pending any su~t u~±n this Mortgage, or to foreciose it, or to reform it, or to entorce
payment of any daims hereunder, said MORTGAGEE shait appty to the Court havi~tig ~urisd~c<<on the:eof for the appo~nfmrnt of a Re[e;ver, s~ch Cour~ sha~i
forthwith appoint a receivei of said morfgaged properiy all and s~rw~ular, intlud.ng dli and singu{ar the intoo~e, prof~ts, issues ancl revenucs from wh~tever
sowce derived, each and every of whlch, it bemg express!y undrrs~ood, is hereby mo~rgagrd as if speufically set fcr~h and descr~bed in the g~anri„g and
habendum clauses hereof, and such Recaiver slwll have all the broad and effeuive funa,ons and powers ~n any,nr~se entrusted by a Cou*t to a Recei.er, and
s. ch appoimment shali be made by such Cou+t aa an adr~ith~d equity and a ma+rer of absolute r~gfit to said MORTGAGEE, and wiihout reference to ~he
adequacy w inadequacy of the vaEue of ~he prope~ty mortgaged or to the so~vency or insoivency of sa~d MORiGAGOR o~ the de4endants, and that such
rems, profits, income, iss~es and revenues shail be appl~ed by such Rece~ver accord~ng to the lien or equity of said MORTGAGEE and the pratt~ce of wch
CouA.
8. To du!y, prompt;y and fu!ly perform, dis:harge, eaec~te, e(fect, compiete, compiy with and abide by each and every the sripulations, ag~eernenrs,
conditions and covenants in sa~d prom~ssory note and th;s m~rtga~e set forth.
9. That in the evcr+! the ownarsh~p of the mo~tgaged premises, or any parl thereof, 6etomes vested in a person other than the MORTGAGOR, the
".:ORTGAGEE, its successors and ass~gns, may, w~~hout norice to the A10RTGAOR, deai wi:h such successor or successor ~n fnterest wirA refere~ue to this
~•o-rgage and the deb~ he~eby secured in the same manner as with Mo~tyagor v,~thout in any way vinating or d~scharging Ihe llong;gors' liability here-
u~~der or upon ~he debt hr~eby secu~ed. No sa;e of the ~rerr.ises hereby mortyaged and no forbearante on the part of the ?AOR7GAGEE or its sutcesaors
or assigns and no extension o( the time for tt~e pay~enr of rhe debr here~y secvred given by ~he ldOR7GAGEE or ;ts successws or ass'gns, ai:all operate
ro re+ease, d~acharge, modi!y ~hange or affeU tne o~iy~nal tiau~~~ty of the NOR(GAGOR herein, either in whote w in part. -
10. It is specificaliy agreed that ti~ne is of the esser.ce of this coniract ar.d that no waiver of any oG~~gat~on hereunder or of the obligation se-
o~red he~eby shali at any tfine thereafter be hcfd to be a wa~lrr o~ the terrns hereof w of the insrrument secured herby.
I l. Irt add~tio? to the fo~ego ng rnortth!y ~:ayn,ertts of pri;~c pai and in7_.est requ~red by the promisscry no!e secured hereb~, mertyagor covenants
d agr~ES to pay to mo:tgagee .n~!h each r.,en;h y pa~~ :ent an ado:~ionai sum rs~~mated b~ mortgayee to be eqva~ to 1; 12 of t~e on:i~af cost of the foliow-
in_~:
A-A? real property ~aars iev~ed or assess_a ag ~i•~st thc af.ove descrebecf rcal estare.
B-Pr~•m;wns on f~re aro .~~~:dsto•m ~nsv~.:nce zs i,e:c~n requ:red to be carr~ed en the ~mproveme~ts s~tuate on thc above describ~d premises.
G-Pre:n~urns oo such n.ort3age 9uaranty iesura~ c.~ as mortgagee shail fro~: : me to time deem fit to carry on the loan secured hereby.
Mortgagee she;! '.rcm t~~ne to ~i~ne ncr~fy mortyagcr m vvr~t~ng of the dTOJ'1f dve and payable hereundar and suth s~m shail th~~reupon be dve and
.~,abte on thz d~e care of rh= next rncnrh;~ pa~m.~nt ar,d each wccessive rnomh tnereaft:•r u~.til mcrtgagee shalt not~fy mortg~gcr of a changz in suth
~ ovnt. Such s~ms sha:l be apE+ii~~d by mortgay•~e lOr~ard the paymeni tf re~~ preHerty ttxes, insurence prem.ums, a~id murtgag? 9~aranty insurance
~c•miums.
IN 1'JlTNE55 '+'.''NERE~JF, rne sa;d MORTGAGOQ nas hercunto set his hand and seal the day and year first r said. ~
Si ned, Sea~ed and delivered in the ~ ~
9 (xesence of:
- - ~ \7~ sean
- -f-~ ~ - ' ichael J. Fedozowicz ~~a~y
_ - -`"i (Seaq
` a r en A. F do ro~1 C 2 (Sea!)
~T:,TE OF FLORIDA
St . Lucie u~
~OUNTY OF _ ~
Befwe me personally appeared tit1C~]d@1 .j. F,~dorowicz and
Kazen A. FedorowlCZ his wiie, to me well known and known to me to be
t'r~a individuais described in and who exetuted the foregoing instrument, end acknowledged before me that they executed the same ior the purpozes
!herei~ expressed_ ~t~e~ ~ Karen A. F~OIOWIC
~ F
N;fe of the said G~,aE . al YON1C2 upon a sepa~ate and private•
exam~nation 6r~mQ'}at,en•~
E~gnd apart from her said husband, acknowiedged to and before me tbat she executed said instru:nem freely ar.d voturr
~ar;;y and wNhoyt~ ~~•tC~npy}yioA,~6pry~~aint, apprehe~s~on, r fear of or from her said husoand.
W~~NES~S'~A~y• e~1 officia~ ~i{,tt~is__ day of Dece~ber A. D. 19 7
~ r 3
' ~ ~ ~r~ ; . ,
. ~ ~ . , e~. a ~ . ~ ~ ~ VtJ
L~~ Notary Public in and for t 5 are of Flo~ida af large
~ . ' r ' ~ = '
- ; v My Comm~ssian expires:
' ~ ' ~a~li~Z ' G . ~ ~~a~~ ~ ~
fint fe~r,~ ~yjngs 6~~p~i QlsspZiation N~pry ~tiyc. `1-~'~" ~_~-T• _f• f
~Qf..Foii ~~~er~~tt~~ E, ~
foi(~ MY C~mr,.•.~ t y~s~~~
. ~e5ri~~,~i'~ F.re +
; .
.
f1~E0 ~?M~ ~E~~R~EO ~
ST. L11~1f COUNTY U•
This Instrument Prepared By John W. Collins ROG~+~ ~~~T~s ~y
First Federal Savings & loan Assoc+ation ~~ERII G•~~~~~ C0~
of Fort Pierce , Flozida REChR* ~'~~~~EO.•r+"~'~
n~'i3
Checked By ~ ~ ~ ~ S~
S~~LK2?1 a,~~:2126 z~oz41 ~S