HomeMy WebLinkAbout2942 To p!ate and continuously keep o~ the bui'd~ngf n~•w o~ herraftet fituafe on said land and c~n al~ eq~ipmrm and personafly tovered by ehis mwlg-
age, with all premiums ~hereon pa d in lul~, f~re ins~ran:c in tnr utvdl standard poGCy Form, in • sum approvrd by the MORi(~::GEE, and w~nJsto~m
iniurence in ihe usual s~andard pot~cy fo~m, in a wm approrrd Gy ~he MORTGAGEE, in iuch canpa~~y o~ cornpan.es as ~he MQRSGAGEE msy
direct; ~nd all fire and wirulstorm inswance poGu~s on any of said 1wild~ngs, sny inte~est therein o~ pa~t tF.er~wf, the aggrega~e ium aforesaid or
in eacess ~he~eof, shell co.~~a~n the usuc,t t~andard mo~ry~gee claute or such orher clause as fhe Mongagee mey requ.re, maM~ng ~ha ~oss uncie~ se~d poli-
cies, each and every, payable to said MORTGAGEE as inf~rrst may appear, and each and every such pui~cy shatl be prompriy au g~~~d and de~~vcr~d to
eny heid by said MORiGAGEE as iurther secv~~ty ~o sald mortgage debl, and, no1 less lhan ten (10) days in advance of the eiFi~af~o~~ of eech pol:cy, to de- ~
iiver to sa~d MORTGi,GEE a renewal the~eof, loge~her wish a rece~pl fo~ the premium ot tuch renewal; ond ~here ihall be ~o kre or w~~~d~to~m insurance -
p~aced on any of said buildi~gs, any intrreit therein a par~ thereof, urless in the form and with the loss payable as aforesaid; and in the event any sum , .
of money beconxs payabte under auch policy or poGcies said MORTGAGEE shall have ~he opt~on to receive and apply the sa~}e on accoun~ of ~he ind,ro~ed- %
ness secured hereby or to permit aaid MORTGAGORS ~o reteive and use il pr any pa~t thereoi lor o:ha:r pur~~osrs. v.~~hc~t th_r~uf ~e~+~~~3 ~r n~,po~r-
~~g any equ~ty, Gen w righl under w by virtue of Ihis mortgage; and in the event sa~d MORTGAGORS shaN fw any reason fai! !o keep ~he sa;d prem~sas so
insvred, ar fail ro de:iver p~wnptly any of sa~d polities o( insurance to sa~d MORTGAGEE, or 1au p:omptly to pay fulty any prr~n~v~n thc~efor w in anr
resprct fail ro perform, d~scl~arge, execute, effecl, comp!ete, comply with and ab~de by th~s tove~ant, w any part hereof, s~~d MORTGAGEf may piace a.~o -
pay (w such insurance or any part thc•eoI w~rhout waiving or af(ettinq any option, lien, equ~ty, or rtght unde~ or by v~nue of this Mo.tgage, and the •
full amouM of each and every u~ch paymem shali be immediatefy dve and payable and shall brar iNerast from 1he date th~reof until pa~d ai ihe rate ol
~~me per tentum per dnn~rn and toge~her ~ith such in!crpat sha(i be secured by ihe tien of this morrgage.
1. To permit, commit w sut(e~ no waste, impairment o~ deterioration of aaid prope~ty or sny pan thereof.
5. To pay ali and sing~lar the cosrs, charqes a«d expenaes, includ~ng a reast~nable attorney's iee and cosrs o~ abstrects ot ti~le, incurred or pa~d a+
any time by said MORTGAG'.E, because a in thr e~ent oi ~he fa~lu~e on the parl of ~he said MORTGAGOR to duly, promptly a~d fu~iy perform, d~sc~~arge.
execute, effecl, completa comply w~th and ab:de by cach and every the stipulanons, agreemenrs, condinons, and covenaros of sa~d pro~r~ssory note and rh~s
:nongage any or ei~her, and sald costs, charges and expensea, each and every, shall be immed~ately due and payabte; wheiher w not ihere tx no~~ce da
mand, attempl to coflect or suit pend~ng; and the }utt amount of each and eve~y such paymen~ shall bear interest irom tAe dare the~eof until paid at the
r~~e of ~tiine {rrr cenwm per dl7~iU.Tj and aEl said cos~s, thaiges and a,cpenses incurred or paid, ~ogether w~th such ~nterest, shall be secured by the li~n of Ih~s
mortgege. ~ '
b. That (a) in the event of any breach of this Vloregage oi default on the part of the MORTGAGOR, or (b} in the event any of sa:d su~ns of money
herein referred to be not promptly and tuf~y paid within thf.~y (30) days nexf aiter the same severa:ty becume due and payabte, wiihou~ demand or notice.
or (cj in the event eath arid every the stipu~anons, agreements, co~ditia~s and tovenants of sa:d promissoiy nore and th~s mortgage any or e~ther are no~
~~iy, promptly end fully perfor~ned, d.scharged, executed, effected, tompieted, comp6ed wrth and ab~ded `ay, then in e~ther w any such evenl the sa.~ ag
gregatt 3um ment,oned in said prornisso~y note then remaining unpaid, wirh inrerest accrued, and a~l nwneys sec~red hereby, sl~ali become due and pay-
ab;e forihwith, or ~herea(ter, at the oprion o4 said MORTGA(~EE, as fully and completely as if atl of the sald s~ms oi money v.are ang~na~iy st~pu;ated
to be paid on such d~y, aaything in sa:d promisswy note or in this Mortgage to the contra~y not.viths~andu~g; and thc~euE:on or lhereaftrr at the option of
said MORTGAGEE, without nohce or drmand, suit at law w in~eqwty, thereforc or ~hereaher begun, mny be p~osecuicd as if ail moneya aecur¢d 6ereby
n::d matured pnw to ~ts inst~tur~on.
7_ That in the event that ar the begin~Irg oF or af any time pend;ng any s~ii upon this (411wtgac~e. o+ to fcrec:ese it, or to r~{oim it, or to enforce
F ayment of any ci~ims here~nder, said MORTGAGEE shall ~pply to the CourY having jw~sd~cs~on +hc:tot for ~t~r .,nf ; R:~;, ~.e~, wch Cc~rt shall
Fc;:hwith appuint a receiver of said mortgaged property all and s~ngutar, indud~ng ail and smg~iar rhe ~e:o~r:r, ~,~~`•s,•~ss• ~ s nrd ,r~r~.ues iro~n whetever
s_urce derived, e~ch and every of wh~ch, it being expressly unders~ood, ia hereby mert~aged as ~f spe~~'~:.,::, s^ r,.~~h d d,sc:;1,•,d in :hc graming d~d
i,ixndum cuauses hercwf, and such Receiver sha11 have a? the broad and effectiie funct~ons and po~•.ers in an.:. ~ .,.:i~•f ~y ~ Co;~~• to a Rec..~~•+er. a:d
s._h appointment shatl be made by such Court as an adminrd equity and a matter of a6solute r.yAt t~~ s.,ld K..;+,,.. ~=.r.c_ •;i :cfrrr.,ce to the
a:?eyuacy or inadequac~ of thr value of the prope~ty mortgaged or lo the so~ven.y o~ ,r,so;vency of sa:d !.1~~K: d~ d,~•rs, a~d +h,,t wch
•~^.~s, profits, income, iswes and revenues sha? be appli~~d by such Recriver accord~ng ro rhe t~en or rqu~t~ ~f s.~ i I.1•~~;:;;,.;vEi ~:.d -t~e pra,r~ce of such
Court.
8. To duly, promptly and fulty perform, discharge, exewte, effect, complete, camply w~th and ab~de by e~ch and every t~e s!:pulat~crs, agrecKneNS,
co,.ditions and covenants m sa~d promissory note and th:s mortgage set forth.
9. That in the event the ow~ership of the mortoaged prem~ses, or any part rhereof, 6eco~nes ve3ted in a pc~son ~t4er th,n t6e h!ORTGAGOR, the
','ORTGAGEE, its successors and assigns, may, withovt no~ite to ihe b10RTGAOR, dea~ with wch wccessor or s~cc_-sso. ;n ,rterts~ v.:!h ~rfr+ence to thi~
~ u tga~e and the debt he.eby secured in ?he same rr:anner as with Mortyagor w~thout in any way vir~aGng or d scharg~r,g the rAcrrg.:gurs' liabii+ty here-
~nde~ or upon the drbr he~eby sec~red. No sale of the prem~ses hereby mortgaged and no iorbearance on thr par~ of the R!ORTGAGEE or ita wccessors
o- assigns and no extertsion of the fime for the payme~ t of the deb~ hereby sec~red given by the 1~tORTGAGEE e: its s~ccessurs or ass gna, a~~all operate
to re!ease, d~scharqe, modify change or affect the o~i liao:t~ry of the MORTGAGOR herein, either in whole or in part.
T0. tt is speuficaity agreed that ~ime is of the essence of rhis convan and that no waiver of any ob1;~~~;on hereunder or o( the obligation s~
cured hereby shall at any time thereafter be held to be a wai~er of the terms hercrof or of the inst~umeM sewred herby.
1 t. In add.t;on to the forego ng mor,th:y p~yments of princ pet and int~~~st ~equ~red by the promisscry na!e secured hereb~, mortg3gor covenants
~~•d agiees to pay ro mongagee with each monti~ty p~~~.~ent an add~rional sum est;mated by morrgagee to be equai to 1, 12 of t~}e annval cost of the fotiow-
~„3.
A-All real property taxes levied or assessed agai•ist the above desc.i3ed real esrate. •
B- Prem~ums on f~re a~d windsturm insuiacce as here~n requ~red to be carned o~ the improve~e~ts s~tuate on the above d_scr~bed premises.
C-Premiums on such mortgage gua~anty ir.wraoce as mortgagee shall from t~me to fime deem fit to tarry on the !oan secured hereby.
Mortgagee sha!: [.om r;n,e to t~me nei~fp mortyagor wrinng oi the amou~d due and payabte hereunder and sucn sum :hail thereupon be due and
: arable on the due date of the next monthiy payrr.ent and each successive rronth thereaf~,r until mcrtgagee shall not~fy mortga~or of a change in s~ch
ounr. Such sums sha~i be appiied by morrgag~e rowa~d ehe payment ot rea! p~operty taxes, insurance p~em:ums, a~~d mortg.3ge guaranty insurance
. r•e~niums.
IN \lITNES$ :"JHfREO , the said MORTGAGOR has here~nto set his hand and seal the day an~ y~r first o~esaid.
~ Sig~ed, Sealed and _livered in the resence of: '
_ , 'f,Gt~4 -Gl-~? (Seal)
, j _ ~ B~ rna rd Rub' . ~~a~~
~ ~ , cSeaq
~ ~ L __~C ~ , une Rubin ~~a~~ ~
; SraTE OF FCORIDA ~
E -
; COUNTY OF St . LIICl@ ~
~ Bernard Rubin
~ Befwe me personally appeared and
. June ln his wi?e, to me well known and known to me to be
t the individvals described in and who exec~ted tFw foregoing instrument, and acknowledged before me that they execute~ the same for the purpo.es
rherein expressed. And the said June Rubin
~ wife of the said Bernard Rubin upon a separate and pr7vate
exam~na~~on by me taken separate and apart from her said husband, ttknowtedged to and before me that she exetufed said instrument freely and volun-
~ ran~y and without any compulsion, constraint, appre ens.on, or fear of or from her said husband.
WITNE55 my hand and off~ual seal thi~~ da D ember p 19 73
'r
Notary Publ7c in and or the e of fl a at large
My Commission e~res: / n_ n~.
Retvrn To: P• O~
y
First Federal Savings a loan Aasociat~on
Of Forf P:erce.
For: Pi.:rce, f~orida
s F!Lf0 a?M: ~ECAii~~ '
~ fT.W~EL~31i~ftriLA. ~ „u~ur,,~,,;'
? Rt,~x~ ~3~i~t~f j -
This Instrument Prepared 8y Johrt W. Co2lins ~.E~dv'~%tv"U~=COURT ` J4~',,~~. C~~', ;
r First Federal Savings 8 Loan Association *fCORO +lEf. r~EO :
: of Fort Pierce 1~loYida ~ • i' - ~ Y
: ' ~e ~ 41 r f
` Checked By~t~ +??yn = ' ~ ` .
~ ~
' ~ Q ~+V~4Z ~j a L f C:
SUOi~t.,~~ PA~:~~~
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