HomeMy WebLinkAbout2370 3. To ptace and conNnuoi s~/ kiep u» ti~e 6ui'J~~.~s ~~c.v or t:rre.:fter snuate on s.;~d lend a~:d on aii eq.,ip~nenl o~ d persona~~y cuwr~ed 'o~ this mortg-
ege. w~lh all p~rnu~,ns tt~r~ron H~ d~n fu~t, f~rc ~ns,.:a:cc ;n the us~e! ~`a~Kiard po':cy fonn, in a s.~m ~Fp~o+cd by rhe MOR~~:.G~[. o~ d+~~~~dstorm
~nsuronce in the usual s~a~~dard Na.t, fc~~n, in a sum a~:pro~rd by the h10RTGAGEE, in such company or [on.~,an~rS as the 1~10Ril,AGEE may
duecr, and all fire and w~ndsturm insu~ance po:~.~~s oo any of sa~d buitd~~yt. any inte~rst the~e~~ or part thvreol, in the agg~ey~tr swn alores~id o~
in eacess thereof, shall :u~~ain the wwt s~ar.derd mort~~gre c~a~sn or s~ch other c~e~se as the Mougayee may reyu.~e, meling ihe ioaa u~~d..~~ s.a~d po~~•
urs, each and every, payab'e ~o ia~d b1JRTGAGEE as ~~s ~n+eres~ ~~~ay aNpear, and each and e~ery svch po~:~cy she;! ba pre~,.Nrcy ass g~~~d a~:d de;~Y~r.•d +o
sny held by sa~d h10RiGAGEE as Further secw~ty +o aa+d ~nurtga9e debt, and, not iess !fian ~en (30) days in advar.te o( ~hz exp~rot~on of each pol~cy, to de-
Gver to sa~d MORiGAGEE a re~~ewol ~hercof, toge~hrr ,Kith a rece~pt for the pre~n~~m oi sv:h ~ene«a~; and there sh~il br i~re or winusio~~n ir.surance
placed on any of saed bui:d~+~gs, any inrerest therein or pait therecF, un!ess in the iorm a~~d with fhe loss paya6le as ~toresoid; a~d in th~ e~em any sum
of money beco~nes payable unJrr such pol~cy or pol~c~vs aa~d A10kTGAGEE ahall have ti~e opt~on ~o rece~~'e a~~J apply ihe same o~ acco~nt of the inJcbt~~d-
ness secwed he~eby or to pernut aa~d h10RTGAGORS to receive and use +t or ,ny pa~t the:rof tor o:~~r~ pw,.c,srs, v.•~i:c:.f ~h-~~ `7 << a°"-
ing any equ~ty, lien w nght und..-r or 6y vi~tue of thh mor~gage; and in the evrnt sa d A10RiGAGOR$ sh~ll ioi any r~ason lai: to k~ep the sa~d pre~nis s so
Inaured, or lail to deGver promptly a~y of said poLcies ot inwrance to sa~d MORTGAGEE, o~ fa~l ~~rornptfy to pay lutty any pren:wm theretor or u; any
respect fail to perform, d:scharge, ex.•cwe, effect, ca+~p~ete, co:nply with and ab~de by thia cover,an~, a any pen herrof, s.~~d M<iRT;,AGEE rnay pcace a•~d
pay for such insurs~<e ar any part thereof w~tho.~t waiving or atfecting any option, lien, equ~ty, o~ ~~gM under o~ by v~~tue of fhis Mertgage, and the
full amount of each a~~d eve~y such paymero snjll br immediately due and p?yal,le and shail brar interes~ from tha date ~hereof unTi~ pa~d a~ the rn~e of
n~ne per ce~rum per ann~m and togrthcr wi+h sv:h inie~cst ahali i~e src4red by the Gen of th~s mOrtgage.
1. To permit, commit or suf(er no waatn, impairment or deterio~ation of said property or any pa~t thereof,
5. To Fay all and sing~lar the costs, charges snd expenses, inctud+ng. a reasonable anorney's fee and costs oi abstrac~s of title, incurred or pa~d at
any tirr.e 6y sa~d MORiGAG`E, because or in ehe event of the (a~lure o~ the part of the sa~d MORTGAGOR to duly, promptly and fu:ly parfurm, da.harge.
~xecute, effeu, cemplete, comply w~th and ab.de by each and every the st~p~lano~a, agree~nents, condit~ons, and covenants of sa~d pro:nlssory note and ih~s
morrgage any or e~~her, and aald costs, ~s and expenses, each and evrry, shatl be immed~ately due and payeb:e; whe~her or not ~here be no~~ce da
mand, attempt to coiiect or svit pcncl~g; ~he full amount of each and every svch payment shall bra. interrst hom the date thereof until paid at the
..~re uf nine ~r czneu~n uer annu:n; a:~d ai~ id ws~s, charges and ex~nses ~ncurred o~ µ~id, together wJh wch ~nte~est, sha11 be stcured by the iien of th:t
mertgage.
6. That (a) in the event of any breach of this Mortgage or defau!t on the part of the M~RTGAGOR, cr (b) in the event any of sa:d sums of money
herein referred to be not prompNy and }ully paid w~d;in th:rty ~30) days next airer the same sewero'.ty become d~e and payable, wi~hout demar.d or nance,
or (c} in the event each and every the stipu:ano~s, agreeme~~ts. co~d~no~~s and covenanfs of sa.d prom~ssory note and fh~s nwrtgage any or e~ther are not
~uly, promptly and fu~~y performed, d.sc~+a~gcd, ezecwed, eStected, comp;eted, compi~ed w~rh and ab~dc•d Sy, then in e~ther or any such event the sa~d ag•
gre;gale sum mero~oned in said prom~ssory note then remaining unpa~d, with intere;t accrued, and a~l mon~ys securcd hereby, shatl beceme d~e and pay-
ab'.e iorthwith, or thereafter, at fhe opnon of :a~d MORTGAG'cE, as fuUy and comp:erely as if aIl of thr sa~d sums oi money were or~ginally si~pu;ated
ro be pa:d on wch d~y, anything in sa:d prom~ssory ~ote or in this hlortgage to the contrary notwlrhstanding; and thereupon or thereafter af th~ op~~on of
sa:d MORTGAGEE, w+~hout nat~ce or demand, suit a~ ~aw or in equrty, there(ore or therealter begun, may be pro:ecuted as if all moneys secured hereby
nad maWred pr~or to ds ~nst~fut+on. i
7. That in the event that ar the beyinning of w at any time pend~ng any su~t upon ~h~s Mortgage, or to foreclose it, or to reform it, o~ to enforce
payment o4 any d~ims he~eunccr, said ~nORTGAGEE ehal! apply fo the Co~rt ha.inq ~w~sd~ct;on lhec~•of for the appomtment of a Rece~ver, such Court shail ~
Fe~rhwith appo~nt a receiver of sa~d mortgayed property ali and singular, inc:ud,rtg alt and s+ngu~ar ihe ir.come, profes, issues and revenues fr~m whatever 3
aeu~ce drr~ved, each and every oi wh:ch, 1t u<;~ng eapress~y unde~stood, is hereby morrgaged as if spec~f~calty set fo~th end destnved in the grant~ng and
hsbendum dauses hereof, and such Rece~ver shali have aii the broad and effecrive funct.ons and powers in anyw~se enrrusred by a Court to a Receiver, a~~d
s_;h appoinrme+~t sha11 be made by svch Cou~~ as an adniete~' equ~ty and a ma~ter of at+solute r.gM ro said MORTGAGFE, and w~thcut reference to the
e<i~a;,,cy or inadequacy ot the vafue of the p~operty mortgaged or to the so:ver,~y o~ inw~vency o( sa~d MORiGAGOR or the de%r~dams, ar.d that s~ch
. e~~rs, profits, income, issues and revenues sha:t be app:ied by wch Recriver ac:ord,ng to the lie~ or equity of u~d lAORTGAGEE a~~d the practice of wch
Court.
B. To du!y. prempr:y and ful~y pe+lorm, discharge, execu~e, efiect, complnte, com.ply w~~h and abide by each and every the st~p~latie~s, agreemenrs,
conditions and tovenanrs ~n Sa~(~ F7fOTiSSO:'/ note and th:s morsgaga set forth.
9. ihat in the event rhe ownershlp af the morrgaged prem~ses, or an~ p>rt thcrecf, becomes vested in a person o~her than the MORTGAGOR, the
.1pftTGAGEE, its suc:esso~s a:d ass~~ns, may, without nat~ce !o th~ A102Tvp0?, deai w~~h wch successor or s~ccessor in interest vnth reference to this
~,ro•tgage and the drot hereby secured in the sa~ne m;nner as w~th l'.to+tgagor w~iho~t in any way vit:ating or d~scharg~ng /he JAortgagors' liab~tiry here
„rder w upon rhe debt her~by sec~~red. No sa'e of the Fremises h_reby mortgaged and no fori~earan~e on the part oi the MORiGAGEE or its successors
; r ass~gns and no exre~s+on of the hme for the paym.ent of the debr here.~.•y secured given by the 110RTGAGEE o~ its s~ccessors or ass:gns, al~ali operate
ro re~ea,e, d.scharge, mod~fy char.ge or affect the or~y~nal Gau.F.ty of the M,ORiGAGOR he~em, either in whole o~ in part.
10. It is speuf~cafiy agreed that time is of :he essence of !his contract and that no waiver of any obligat~on hereunder ar of the obligation se-
cvred here~y sha!: at a~y time therraf:er be he!d to be a wa~.er of the terms herecf or of the instrumem secured he:by.
i
11. In aJd.t:o~ to tha forege ng mOn!h'y payn•ents of p~iac pal and interest req~~red by the prom.sscry no'e sec:.red her_b~, morlga3or covenants
~ d agrces to ~ey to mo-rgagae v.ah each ~~:onrh y pa,~,enf an add~:~onal s~m rst ~ a~ed by mo*tgagee to be eq~al to 1, 12 of t~e annc,al cosr of the fo;iovv-
~
~ A-AI; real propert~ taxas lev~e~ or assessed ay:,i•sr tnc aLo+e d?sai~ed real es~ate.
~ B-P:_n u~ns e~ f;~e ar.d w~~~dst;~•~~ ~rsu~a~ce as i~_rc~n .eqv;rcd to br ca~:~~d un !h~ ~m;.roveme~ts s:t~ate oi~ thc abeve d=scr~bed prem~ses.
~
i C-Prrmiu:ns on :vch m.o:t~,ge g~aranty insurar ;e as mortc}~g~'e sha~! f+_:^ t rne to nme deen~ fit to carry or, the Iean secured he~eby.
~ fl.oitgagee s^a~f f~cm t~~r.e !o t~~ne nor:fy mcrtyagor m•ar,L•ng of the ar, o~~~t d~e and payable hereundrr and such su•n sh~l! the~c~pon be d~e and
~ : 3yabfe on the c'.ue n~~e o4 ~he n~•at n:u ,+F.:y p,ymen~ and e_cn svccessi~e monTh thereafier ~r.ti! mcrtgagee shail not~fy mort~~gor of a change in such
( ~~:ount_ S~ch su:r.s sha:i be a~F~:iad bv ~»o~t~,g ~e tof,a•d the payment of rea~ p~operty taxes, msurance prem:ums, and mortgage g~aranty ~nsurance
~ emivms.
s \YlTFJES$ `ll4E - F, the sa~d MORTGAGOR has here~nru set h~s har,d ard seal th and year first afo esaid.
~ ' ned, Sealed nd ~i red in th! ~resence of: -
~ ^ • (Seal) .
mes Stainoff, r t~a~~
r ~ f !
~ GG~ ~SCai)
~ _ _ Carol A. Stainoff ~~a~~
~ S~ATE OF FIORIDA ~ ~ '
~ u.
~ouvrv of St. Lucie ~
~ Befwe me personally appeared ~ a~es Sta ino f f, ,1Z • and
~ Carol A Stainoff
~ _ • his wiie, to me well known and known to me 10 be
~ the individuals desc:~bed in znd vvho exec~ted tfie foregoing instrument, and acknowledged before me that they execu!ed the same for the purposrs
~ rhe~ein expressed. Ancf the :a~d__ Ca ro 2 A. Sta ino f f
M Ja~es Stainoff, Jr. u on a se arate and nvate
r:~fe of the said • P P P~
~ e~aminat~on by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrument freely and voluo-
rs~,;y and w~thout any compv'sion, cons~raint, ap,p~reh
~ns.fon, or fear of or from her said husband. q
:3 W~TNE55 my hand and of(ic~al seal this_ day o anuaz , A. D. 19 74
Notary PubGc in aod for t Stat of Florid Large
My Comm~ssion expires: €
Ai Re7~rn To: ~9 ~T'
Fint Federal Savin s b Loan Asso:iat~on
;.`:f 9 F~lEO A!~;; F.ECOROEO ~
;s~ ol co,r o=.,~.., ST. LUCtE COUNTY FLA. ~
~ ior~ v,•,•ce. F:of~d.~ Av=~~' ~OiTRAS
;'c CCF:.x r,~~Ui7 COURj_f~ 1~~'~ •.I~:~r~~;
;x RF~r.~'r . .cr //~`>,`.lti' ~r.
J...~.~i~~ b l ~;'~;'~i~'
? , ~ ~ ~r
~ ~Atu I ~I ~ .
7his Instrument Prepared By Jphn W. Colllns ~ 2? M~~ i~~-.
P : y ~~rA,
First Federal Savings & Loan Association ; ~
of Fort Pierce ~~lOtida t~ j3 J _-3; ; a~~':
~T~
_ -1• -
_ Checked By ~ - ' {7 tJ;j 1,.1 v ;
_ - .
- OR ~ _
e~ 2~2 P~f 23?0 ~ ~ .
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