HomeMy WebLinkAbout0095 3. To p,acr and to~~tkn_o.slr .,rp un ~~~c L;: ,i~~ _~s :.ulv or hrr~.~i~cr ~rt,,.,tz on s~;d :end and ~n all ~.q.,p••,c.nt ard prrw~~a!ly cc.~~cd Ly th~s :i~ortg.
~9e. with ali przn:~o•na th~-r:on i.a J~n iu:l, t~r.~ u~s,,r,~ ,n ~i;~- us~ac sr.~. J.,rJ p.~':c/ fo~m, in a s~m aHr~~.eJ u/ the 1d,~k~ta:.C,:E. e.d w~~~dstu~n
:n3urante in tha usuei i~~~:dard j;o;.cy •o~~n, in a Suin oFF~ro.cd L~ Iht M:;RiGAG:E, in fuch con;~,~ny or cv:n~-~.a~i•es d3 1 ir 1t10~tT'vAvEE ma/
d~reth and ail fire o~.d w.r~Js~.:~m u~~s~r~i.,E {.o.ic,rs cn any of s~,d b:,~:d.nga. any intrr~~l thrrt•in or parl th_:cof, in Iht aygr..~ere s:,n aiorti~~d or
in excess thrreof, shalt ;on!„~n r~,u us_~+ s~a• d.~d inorr~~~ae c~a,.sr or wct~ o~her c!,~se as ~i~e Mu~~ga•~ae may re.~,,•re, n~a?.n.g ~i~~• ~oas v~~d.~r s~~d pu;i-
:ic`S. eacA and cvr~y. Pay~:,~a IO S.l~(~ .~~Jit~l~Al,•~E o1 ~11 ~:~~c'~rSt ~r~~y d~,F~tJf. 0~~:~ ~'~C~l a~~d C.tty S~fh E:J'~.C~ 5~~~~1 Ur ~~iurrF,ti~~ ~SIC~~~c~C~ a~~(~ Cra.•.~.~'~.:CJ }O
eny hetd by sn d MOR['~,AGEE as Fvnh,r i_cu~~t~ to s.~~~! ~.,,:ry.,~•~ d<c,r, a~~d, nor Irs~ thon trn ;1Q) d~~s i:~ ~d.,~~ce o1 ~i~r eap~~o~!c~~ oS ~~,ci~ r.o~.cy, to dr-
l;ve~ to so~d t110RiG~^,EE a rcne,.•~! the~eof. ~o}cit,,;r w~~h a r~•ce~pt for ~he pre~~~~•~m of s„ch ~enr~oi: .:~~J ~h.,re aha!I t,~ ~:o i.re Gf Wi:~U11Gn1\ ~r,s~~ance -
piaced on any of sa~d 'cvi!d.-~9s, any in~~rest th~re:n or pa~t +I~rrrof, unlcse in ~he (om~ and w~~h the iess payai,~e as dIG~PSd~cI; qnt~ ;n the e.en~ any sum
of money beco:~res poyab~e i»~der wch po:icy or puLcies so.d ?.'.Jk~GAGEi ah..~l ha.•a ~Lr u~~t.cn ta rec~-~ve ~~~d ~p~:y thu sa,~~e on acwu:v of ~1tie ind~i,t~d-
nris SCw~~d he:eDy or to pe~n~if s:~:d MOR1'vAG~"~RS to trCrive a~:d ~Se il O~ any .~:nt tf:~•..vf Icr o:i~•.r ~.w} :.Scs, ::.n,...! ;i~ , ~r ~~:.p_~•-
ing eny eqv:ty, f.en or riyF.t under or by vu~~r of th~s n,uryage; and ~n lhe ev<nt sa.d MO~i1CiAG035 sh~!1 ior any ~~~afon i~il to keip the sa~d p~e~n~s~3 so
~nwr.•d, o~ (ail 1o d_~'~v~er p~o•»~~tly an~ of said pol,ti.~s uf ~nSura~ice to Sa d MORfGAGEE. o~ f~~: ~~een:};tiy to ~~ay fu~ty ony prc ~~.~.n thcrctor or u~ a•~y
resE,ret fail to perforrn, d:schar~e, ea.~;.,~r, etfe~t, to~~~p:r~o, co nNly w~th and e~~de by Ih s cove~~s:tit, or any part h~~r.~oi, said 1.1VRTv%.G%E may F;iac•' e:~a
~~ay for s~th insu~.,nce or any part thar~•of w~thout waiv~ng or alf~•aing any opt;on, lien, equ.~y, or ~i~ht vnd~r or 6y vE~tue of •th~i h!ortg~ye, aad the
!~il amo~nt of rach and e.ery s~ch Nayn.rnt shall kx in,mediately d~e and payab!e end shal! bear innrrsr fro~n ih~ dote thcr~•of ~r.tii p,,:d at riie rare ot
•.,ne prr ._~nt,~n. }.e~ .~r.~.,~•~ a~d t.v~,th,r w~th s.•:ii in'._.._st ._h.~f, s~cwcd by the i~en OS Ih~l mortga7c.
To penruf, cor.imit o~ sufter no w~sle, :m}:ainncnt or tlrt.7riGfot.Un oi sa~d proF,erty Or any part ther~~of.
S. io f~ey atl and s~~g~•+a~ the cos~s, ct:m~es and axpe~:ses, ~~~c~~d~~~g a re~so~.ab:e atiamey's fee and CGStg of abst~acts o( t~+le, inwrred or pa~d at
eny t~n:e by s,~d N1CRIuAG:E, b<ca~se or in i1,e event of tF:e fa;~urr on ~i~e part of ~~~e sa~d hS~RfGAGGR to d~ly, prouprty and fu:?y pr.~iorm, d~scha~ge
^.rcute. rtieU, ~~mp:cre, cc~nply ~v~th and abde by e.,.h and eve~y the s~:µv~a!,o~s, agrce~nwita, cond~hons, and tove:~ar:ts of sa~d p~onu,wry note a~~.d ~i,if
"~'lS~3e any or e~~her, ar,d s3 d costs. charges and e4~:enses, each and every, sha11 be imm~•d~ate~ly d~e dr.Cl payaLie; whrther o+ ~ot there be nof~ce d=
c.and, atte npt ~o co::ect o~ sun pend,ng; and ~he (~~t amount of eacA a~~d e~ery svch pa;mrn~ sh~ll bear mterest from ~he date ~hereof onril pa~d a~ the
:,f..~ c? ~~~r:e p: : ~rna~:,~ y~r d~~~~..:, , ~ni ,~i s~~d c:,s~s, u~.+rges a~ d~x;.~„~rs ux~rred or pa:d, tog~t>.:rr x~th auch ~nterest, shall be secured by the I~rn oi th,s
rnortgaga.
6. Tha~ (a) in the event of any breach of th~s 5~1~~tyaga or dedau(~ o:i ~he part of rhe MOR7GAGpR, or ;b) :n ~he event any of sa'd s~ms of m~ney
t,erein referrrd ta be not pro~nyt'y „~.d }ully pald ~v~ti~in th~rty ~30; doys nc~;~+ a~~_~• thc s.~~~e se~cre':y become due and payabSe, wi~ho~t de~nand o~ not~ce,
..r ~t) in thr e~t each o;d eYn~y the s~~{,~:a~~ons, ayraements, cor.d~a~ors and covenants of aa d promiaso+y not~ a~~d Ih.s n~ortgage any o~ eithe~ a~e no!
1v;y, prompriy anJ fvity perfo~^:ed, d su~nrg;~d, e~reurrd, effected, co~npteted, cv~,ip::rd wan ond at:~d~~d 5y, Ihen ~n e~tV~e~ or any such eve~t the sa~d ag-
y~ega!e su~r: ment~oned irt sa~d prom,ssory nota than r~:na~i,ing unpa~d, w~th interes~ acuurd, end a:i mo+icyS secured herety, sha~l be:cme due and pat-
ao c fc~~hwith, or thereaft~•r, at rF~~~ epr.on of so.d fStOR{GAGEE, as tuiiy and comN;e~e:y as if al! of tf,r se~d s~ms of money were or~gma:~y s~,pu.ated
ro be p.~.i on such dcr, a~:yth,ing in s.,d prcn,uo+y nore or in this Rbrty,;~a ro the conr~a•~/ not,ti:thsta~~d:ng; ei~d ~herevpon or thereaite~ at the opt~on of
sn.d MORTGAGEf, v`~~hav~ nouce o• drmar,d, s~it at la,v or i~ equ~~y, ihr~rtcre or ther.:af~r~ bryun, may 6e prosewred as if ail moru:ys secured he~eby
~'.-d rnac~red pr~or to ~ts ~nstNUt,on.
7. That in itie eyent r,,,~! ar fL,e be9inn:ng ef or at any ti~ne pend~ng any su~t upon th:s h1u~r~age, or to ioredose it, or to reform i~, or to enforce
,:ayment of any t~ai:~u h@reun~-~~, :~,d t.;pRT;:.~aC,_E sha~l a~,ply to the Co~~t havi+~g l~r~sd ct.on the~co'. for th~ appo~ntment of a Receiver, wch Go~rt :had
f~r~hwith a~,~:o;nt a receiver of zaid mor.go~rd property ail and s:ng~:a~, inciud rg a:+ and s+~,g~~ ~i ti:~ incon:e, p+ol.ts, issues a°d rever.ues from whatever
s;vrce d~r~~cd, e~ci~ and every of whch, it t~-~ng Qa~r,ss:~ ui,derswod, is Fecci~y rt,or~gaey~•d as ~t sp=c,±,cally s>t forfh and dascribad in the gra~r,ng and
~bendu~n c:ausrs h.•rc~of, ar.d su:h Recai~e: shai{ have a~! ~he ur,,ad ar,d rffct!,vr fu•fc; ens er,d pv:.ers in anyv.~se enfrusted by a Cuu~t to a Rccei~er, a~:d ~
s;h appoinnnenf s~:..~i be ~r.>~1e by such Cc,;rt as an ad^iitted rqu~ty end a matter of a!:so~~~e r~ght to sa~d h502iGAGEE, and M;hh~ul ~f{ercrce to the
n,:equ~cy"or ~nadequacy of t~~ va:ue o` ih< proFxny rnong3ged or fen tn.- r:>L~:,~1 or :n;o:~~~ncy o~ sa:d MORtGAGOR or thr dr~er.da-vs, a^d rhat s~ch
r~~-~ts, profirs, intoa~e, issves and reven~,es sh~~i be app~~ed ny SJCFI rtGCi'Wl'f accerd~~,g to the i~en or equit~ of sa!d 6SORTGAGEE a+:d the pra.tice of such
Court.
8. To du!y, prompt.y and fui!y per'orn,, d,scha•ge, eYe.~te, effect, co~np'e:e, c.~nNlj w~rh and a~ide by each and every the stipu'ations, agr~meMS,
:cnditionS ar.d cOvenan!s ~n sa~d promissory note and th~s m-~rtyz~e 5r1 fo•fh.
9. 7hat in the eveni the or.nersh;~ of tF._ mortgsqed pre•~.~s_•s, er a"y part ihcrtof, beca~nes vested in a person other than the MORTGAGOR, the
: JkTGA(',:c, 1•s wccessors cr.d >.ss~gr.s rray, v.:~nv~,! r:c'~ce to the .V,O;~G:~~it. d~a; ~,~sh such sutcessor Or suc[essw in interest ~vitn reierence to thil
~-tga3e a; d the d_:,t i;~reb~ s~~cured ~n ti,~ sa:r.e n:.,nr.~r as w:rh ;!::!g;,go. w,r~,evr in any way vit;atir.g or d,xharging the llortgago~s' liability herr
c:e: or ucon tn~ dr~~ h,~~eoy se:~~~~d Ne sa'e ei r.:r Fre:n~s~~a 1:_:rb~ ~~+crtgagt•;i ar.d no torbedance on the pan of the /AORTGAG'.E or its succr;son
ass~gns and ro exre~ s;on ot tt:e r, r,~ fc:: rhe Fa~-, ~,•:t ni tF.e d-b~ t:~ i.a seroreci given by the ~RTGA„Ef or +ts s~ccesson or ass:gns, u.a11 operate
ro re~cvse, d.scharge, rr.uJ,fy cha~.gr o~ afiec~ the ong,na! i~zu ~.fy of the /LGR(GAGOR l~erein, either in whoir or in part.
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1~J. It is ipec:f~c~tiy aereed rliat ti•ne is of the esse~ce cf rh~s convact and that no waiver of any o6'~gat~on hereunder or of the ob!igation se-
i :ured hereL/ sha~~ at an~ tiT,e th=era;!er br h_!d to be a v:o~:er oF the te:rt:s t~erecf or of the in5tr~meN sewred herby.
~ S i !~i ,::i.! eo i~•- fer~,.= ,.•t~ j I;:~:.• _~•s oi ;.,c ar.d ~nt:~:.;s~ r~•.u :ed by the pron: s>cry nc~c s~.~red her._by. enort3a3or eovenants
S ._~_~es ro r:,~ to _r.,~_e x~~n c :•r+~ y;_.,. e.r . awi •...;3: i,;^. ~.sr ot_•d L~ mo'ty.;gae ro oe eyua~ ro!, 12 0l t;~e an~~..a~-:ost af ti~e fociow-
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~ A r:!, r e~ ~ ro y t.i. s c ~s s ~r.. a! ~.e dc • d ,i~ M•~..,.
~ c F~ . s on r. r :s:~ . , e , r i.•q~,r^a ta j c. a o~~ tn ~r;,~oveme~ts s,f~at~ on tne above d_st:;Eed premises.
C Prr•. ;v:•.s o'i s~ch ~;ort3 ~oe g~a•3r.~y .ncu'3~ ; es my!g~y^re sF~3~i f.,. r rre to t,me drem frt to carry on the loan secu*ed hereby_
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; 1~urt9.,g~e s~, ~ v. : tc t.r.e n~.~:f, n~.~~r,,,3_r ;n vn~r,r.g of the arro~.~t d~~ a~:d payabie herrundrr and w.h so~~ shalt thereupon be due and
~ .~~'e o~~ fhe ci,c o~+_ ci ih; n_rt :~or.th,, F„~~~.rns a~:d e„cb su:cess;ve r. •~h ~reatt.~r uah~ mcrtg~gee sha!! rot,fy morrgvgor of a change :n wch
' ~~c!. Su~n s~r,s 5'\~.~ Lk' a::F. ~,d r,o+r~._: rc:.:rd ri,e p.+rn:enT oi r.~;!upro;.ert~ texes, inwra.uc- prem,ums, a:;d mertgage guaranty insurar.ce
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~ I^.~ ~7IS.'JE55 :.Hc4~OF, tne sa~d :'VR'G:,vGR has her_.,-,to set his h3~ 3 ard s_~al th? day and ye fi:st a4cresa;d.
# S:gned, Seaied a~d de?~vereo "n the pre~ence of:
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= 1, i . -~v ` /f _ , . - (Seal) .
~ ~S~ '__:C_~~`S-"~-- Ar~dre~? Borbotko cszdi~
~ ~ Rr«•~/.~.-c..~,~•
- ~ - {Seaq
y~~`^-'_- _ Bea trice Borbotko cs~a~~
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;7:.7E OF fLORtDA ~ - ~ .
' ~7U.'dTY Of St. Lucie _ ~
~ Andrew Borbotko
~ Before me persona~'~ appeared _i _ and
` _ $eatZlCe BOZbOt~CO _ h~s wi(e, to me well known and kno~vn to me to be
rhe ir.d~v;d~ais desc:~b~_d in and who exec~+ed the forego~ng i~stumem, and acknow~edged 6efore me that they executed the same for the purposes
~ rherein expressed. And the s~~d_A~atziee BOrbOt~CO` _ _
rr~fe of r4,e sa~d ___andlQW Rorbotko " upon a separare and prrvare
e,am:n~t~on by me ta4an separafe and ar~.* fr her sa:i! huitim~ acKriokledged to and before me that she exewted sa~d instrument freely and volun-
~ ~ar~~y a~:d w~tho~t any co~.;:u~s~c~, constra:nt. a: F*ehfytSpn,~O~ear of or frorn her said husband. ~
~ ~ViTNESS my hand ar,d offidal seal this day of~_~e Uar 0. 19
{ 74
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_ Not3ry Publ~c in aad {or the State of Florida at Large
My Co~nrn~ssion expires:
Retu•r To:
- First Fede~al $~~in~s 3 ioan ASSOUC:.Dn ii. ~.~y ^ n•-•••r
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This lr~strumenf Pre ared B John W. Col lins ` , _ 51 1l1C :~uk'1' F~I.
; p Y _ ~ F.L':~ - • ~~'~AS
; First Federal Savings & Loan Association = ; = Ctf: f r . ' CuURt .d`'
_ of Fort Pierce , ~lorid ~ " : ~;jA ` Ff':~ , : V F't
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