HomeMy WebLinkAbout2079 3. TO pletd and ton~~nvo~ily keep W~ Inr L~~.d~~.7s now O~ herrait~~ s~.t~ete en so~c7 ~ond o~~d ..n .f~l . y..~~,.,.~~nt arc~ per3Cr'.1{Vy CGVtr..:c~ ~j/ Ihit mq~t(~.
ege. w,th all prem~vms Ihereon pad ~n fuil, f~re ~nsw~~,eu ~n iha u~u~i sw:.i~~d po!icy iu~~n. in s s~m aHyr~.cd by tY~r A',UR~v:.l'~tE. a:~d er~~~d~~o~~n
lnsurence in ~he us+.al i~inda~d po:.cy ~onn, in a w~~~ aFpio.rd Ly ~hr h1JkiGAGEE, in tiuch cornpany cr cc~upanes as ~he M"v~iGAGEE m.~y
d~rrcr, and all f~re a:id w~~~dsi~im ~~~surancr po!.c~rs on any oi s~~d b~~:d.~~9s, any ~nteresf thr~~in or pan th<<ro(. in t1x aygr. ga~e s.,~n afaesa~d or
in excess thrreof, shall :ums~~ ihe ~svel sta~~J.,~d n,o:r~.+yee c~~use or s~ch o~he~ cl~~se as the Mortyayee may req~~~e, mal~ng ~1,a tcie undrr s~~J poi~
c~es, eath and evrry, pay~L'e to sa~d A\ORTGAGEE as ~ts ~nt.•r.st m~y apF~ear, end each and e~e~y wch p:,:~cy a~w:i ur pro~r.N~ty asa g~~ad .;:.d de!~verrd ~o
eny he~d by sa~d h10Ri ;AGEE as funh~r s~c~~~ty to so~d ~~~o:~y~ge d~ut, and, not t~ss than tan (iU) days i~ .~d+.~nce of thn e~~~~~at~on of eech po~~cy, to de-
i~ver to ~e~d \1JRTGAGtE a~enevl.,l 1he:eoi, toye~ha~ v~irh a rece~pt fur thr premwm oi wch ~enev.a!: a~~d the~e at:ail Le oo f.ie o~ wu:duonn i~suronce
pleced on any ol sa~d buiid~~9s, an:• ~nrerest there~~ or par~ therrof, uni~ss ~r. ~he for~n and w~th the loss payab!e as a[oresaid; and in the eve~~t any sum
of money beca.~es payoble under nuch pu!~cy or pol~uas smd MORTGAGfE ahell ha~e ~he op~.on ro rece~vr a~+d a;.~~fy thr ~a~ne on accoun~ ol ~he i~~J<bted-
neis seWrcd f~ieby w to {~rn~it ~eid MORTvAGURS to rrCr~vC ar,d use it Or eny parl tM~e:eof wr on::r ~.~!i uscs, ~y~~~~'J "'r°''"
u~g any equ~ty, I~en or nght under or by vir:~e ot th~a ma~ryage; and ~n the evrnt sa~d M0~2TGAGORS sha!I (or any rzaton fail fo krap ~he sa~d prein~s ~f so
inwred, or fa~l to deGve~ pro~npHy any of sa~d ~:o~~c:ea of ~nsurance to sa~d MORTGAGEE, or (ar: p:o~nptty to pay fuIly. any p~a~~+;~~n thrrefor or ~r. any
respect fail to perform, d~schs~ge, eaec~re, effec~, comp(ute. co~npl~ wiih and ob~de by ~h~s cove~un?, o. any par~ hereof, sa~d MuRi~AGEE may piace a•~d
p;~ fo~ such ins~r.,nce or any part thr~eof w~rhout waiving W affeUing a~y op~~a~. ~ien, eq~~ty, or r~~hr undrr or b~ w~we of th~s Mortgaye, and the
t~,i amount ol each and every wch pay~i~ent sh•iIl 6e ~m~nediately due and payable and shall bcar inteieit f:om tho date the~eof uu~il pa~d at the ~ate ol
~ne pe~ cr~turn per annum ~nd to~rtf._r v~~th Such intc:est ]Fldil LP sc:ured by the lien ul th~s moctgagC.
To pcrmit, commit or suFfer no waste, ~mpalrmrnt Ot detcrioretion of sa~d property o~ any part thereof.
5. To pay all and singular the costs, charges and eape~ises, ~nduding a reasonable at~orney's tee and cosr~ of absrracts of titte, incwred or pa:J at
eny ti~„e by sa~d MORIGAG;E, because w in the rvent of fhe f.~:wre on rhe part of ~he sald MORiGAGOR to duiy, p~anptly and fu~~y pe~~orm, d~scharge.
_.ec~te, elfea, comy~tere, comply w~th and ab.de by e~:h and e+ery ~he st~pulat~ona, agrerme~ts, co~d~t~ons, and covenanfs o1 sa~d p~o~n~;sory note and ~his
r.orrgage any or e~~he~, and aa~d cos!s, charges and expenses, each and rvery, shall be immrd~ately due and payable; whc•ther or not ~hrre Ue ncnce da
~~,nd, atte~np~ to coiiect or suit prnd~ng; and the full aawun~ of each a~~d every s~ch payment shatl bear imerest from ~he date th>reof umil paid a~ the
r,rt- o! nine per camum H.;r an~~u.n; a~~d ail said custs, cF:a~yrn ond ea..;~nses iixurrrd or peid, togethcr ~v~th such ~nte~eat, shall be srtured by the tian ol th~s
mortgage.
6. That (a) in the event of any breach of th~s Mortyagr or defau~t on ~F~e part of the MORTGAGOR, or ;b) in ~:~e event any ot sa:d sums of money
h,~rein refarred to be not pron,ptly and fuily pa~d w~~h~n th:ny ;3Ui da;s nexr att.•~ !he same severa!ty become dve and payable, without demand or not~ce.
or (q in tha evenf ~•ach and eve.y the stiputano~s, agree~~a~:ts, cend~:~o~+s and co~enanis of sa.d prc~n~ssocy nore and ~h,s moregage any or e~ther are no~
i~;y, ~romptiy arr: fully perforrncd, d.scharged, exec~r~~d, effrcted, comp:eted, compi~ed w~th and ab~ded ;y, then in e~ther or any such event the sa~d ag-
g~rgare wm me~~~o~~ed in sa~d promissory nute ~hrn rrmain~ng unpa~d, w~th ~a~e:c,t acvued, and a:l moneys secured hereuy, shall betome d~e and pay
r.o.a forthw~th, o~ rherea!}er, at fhe op!~on of sa~d MuRiGAGEE, as fulty and ccmp:e~ely as il a~l of the sa~d sums of mo~ey were ong~nally snpula~ed
be pa:d on such d~y, anything in sa.d pro~n:ssory nore or in ~h~s l:~wtgoge ro the cant~ary nothithstand~~~g; aed thereupun or thereafter a~ ~he ops~on of
;-.;i h10RIvAGEE, wrthaut not~ce or demand, suN at low or in equ~ty, the~efore or thereaSrer begvn, may be proaec~red as if all moneys secured hereby
n,d matured pr~or to As ~nstit~tion. -
7. That in the e.••~nt that at the beg~nn~ng of or at any time pe~ding any su t upon this Mongage, or to ~oreclose it. or to reform it, or to en[orte
E:~rm,ent of any t~eims hereund_r, sa~d l.~ORTGAGEE shai! ~ppSy ~o the Co;,rt ha~r;ng ~uned.cno~ thcr~of tor the appomhnero of a Rece~ver, s~ch Court shall
i;.; rhw~th appo~M a receivrr oF said mortgag~~d pro~rty at; and s~nyviar, irclud ng alV and su~g~~ar tl,e irtcome, proi~ts, issues and revenucs (rom whatever
~.-ce derived, each a~c! every of w,hlch, i~ being exN~ess:y under~toed, is `:errby mor~gaged as if apec[ficatty set fonh and descr~bed in the gran~~ng and
h+:end~m ciavses hereof, and such ReceiYer shail have ail the broa~ an~•effrc~.+e funct:ons and powers in anywise entrusted by a Court to a Recciver, and
s.:h appoinhn.n~ shail be n»de oy sxh Court as an ad n~~t_d rquiiy and a rtatter cf a6soi~te r;ght ro sa~d hSURTGAGEE, and without referente to the
n~!<~yuoty ot inadrquacy of tna val~:e of fne properry morr3~9Ed o~ to tFr so vency or ~n;c~tiency o1 sa~d N10RiGAGOR ot the defendanis, and that Suth
r•,•,•s, profits, incane, iswes a~d revenurs shalf be appGed cy wch Rece~ver aaord~,~g to the lier. or eqvity of sa~d MORTGAGEE and the pracrice of such
Court.
8. To du!y, prompt!y and fu!!y perfo:m, d~scharge, execu!e, eifect, compfete, comp•y w~th and abide by each and every the stiputations, agreements,
:~:,d~tlons and ccvenanis ~n sa,d prorn~ssory nore and ~h.s m~rrga3e set forrh.
9. That in the event the owr.ership of thr mortgrg~d premiics, a any part the~eof, 6ecomes vested in a person other than the MORTGAGOR, the
:~RTGAGFE, i+s successo.s ar.d ass~gns, may, w~~hovt no~:ce to tlee PdORTG%.OR. d'cai wnh svch successor w successor in inte~est with ?eference to this
o~~gage a•:d the dec~ hereby secwed in tfie samr man~er as with 1.1:,rtgagor w~thout in any way vitiating or d~scha~ging the Mortgagors' liability here-
_:i~~r or uvo~ fhe de~t hereby secured. No aa!e of ~he Fre~r.~ses h_reoy n~ortgagrd a::d no forbearanee on ~he par~ oi the /80RTGAGEE or its successors
~r ass~g~s and no exte~s:on of the r~me fur the payment of tF;e tiebt h~.a6~ sec~red g~~en by the MORTGAGfE or its wccessws w au:gns, a.~alt operate
ro rz~eese, d~scharge, mc,d~ty cnange or affect the or~g~ral llou~;,ty of tne MORTGAGOR F~ereln, e~ther in whole w in part.
10. It is spec~fica~iy agreed that time is of the e:se~~ce of this contract and that no waiver of any obtigat~on hereunder or of the obligation se-
c~,rrd hereby she'i at any time thcreaf~er t~e hc!d to be a wa~ver of tne terms hereof or of the instrument secured herby.
11. in ;;dd t: to ti,e forego ~~g ~r.onth'y F:aymt•r.!s o~ p•i::c pai and im~~rest req~~red by the promissory r~o~e setvred hereby, mortgagor covenants
!.:2 o~~^fi ro pey ro ~~•~orrgagee ~n~~th each ~~~onrh~y pay~.:enr an add~}~onal su+n ~~si•n;aied by mortyagee ~o be equaf to 1.~ 12 of th~ annual ccst of the fotlow-
A-A!I rcal Frcp•~rta taxes iev~_d o~ 355+'SSe`:l ag;i~~s' tne dL7:@ (It5!'~~cd real estate.
B-- F~:r-:,, •~s on 6~~e and ..;::ds?:,~n: ~r.s~r,: ce as i~e:e~n requ red to ue ca~r~_ci o~ the :m~,rovements s~tuate on th: above d:su~bed premises.
~ C--Frer~;,~rs o~ such mortgige guar~nty ir.s~ia~.:e as mo~tgagee sha~l frc:r. i:me to f~~r.r dcem 1it to carry on ihe (oan secured hereby.
PAor?gagee ska'I from t~~n~ to t~me norf; mcrtyogor ~n wr;?~ng of the arr ov~t d~e and payabte here~ndrr and such sum shalt thereupon be due and
t ~ble on the d~e ds?e of rh~ n_~xt monsh.~ poy~r.•~nt and each successive :r.o+:th t~~ereafter uofil mortgagee sha!1 not~fy mortgagor oi a chan3e in svch
( . r_n+. Such sums S~'d.I be ap{~:i~d by mortya:^e to.vard tnn p;a~ment of rea: property taxes, insura~ce prem.umS, a~ed morigage guarenty insurance
~ n~ums.
- 'N 1'lITNE55 7:NEREOf, th~ja~d MORlGAGGR has hereu:~to set h~s har,d and seal the day ar.d yea ' st aior aid. ~
; / ryed, S~led and deliyl~d the eserce of: ~ '
{ ~ , ~ a~'
~ - ~i ess ~ P~ . Frischkor~ =
~ ~vJ ~ ~ 4~~~ #
~ t~itn s ~ Fr i hko ~
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5 ;':.TE OF FLORIDA 1 J~ ~ '`J ; ~ - t
- ~ ;
~ St. 4ucie } _ i+; , : _c
~k"- ;U"iTY OF ~ A ,
~ Paul M. Frischkorn • F~' ~ ~
Before me personaliy appeared - 1` ~ c '
~ _ Rlta T'r15C~11COZII h~s vvife, to me well known e~j}n~
a,tq ~?~`~o be"
+~u ind~v~duats desu~bed in and who executed the forego~ng instrument, and acknow~ed3ed before me that they executed the wme f~' ~t6e purposes
rh^~ein exnressed. And the said_ __81t8 Fri~e2~~orn
~
~ r.'e of the sa~d Pet11 M- Frisehkorn upon a separate and private
~ c.~mination by me taken separase and apart from heria' husband, atknowledged to and before me.that she executed said inslr~meN freely and volun-
r~:~;~ and w~tho~t any compuSsion, consrraint, apprehen n~ fear of or from her husband.
1YITNE55 my hand and official seal this_ " - day of March A. D. 19 74
~ . ' ~ " C ~ ~Lt'y' ~l
~ Notary Public in and i tor
he Siate of Fbrida at large y
h1y Comm~ssion expires:
' Return To:
First Federal Savings b loan Assxiat~on ; i,;,~~;, ',.AP :
' Of Fo,r F r-c~.. :.F i i U:':lC. S~~'
Fcrt P;= rce, Flor~da t, C.:R•,•t~S:uii ~ : , .I . . ~ .
_ ;f
~ ~ E3taGed Br h~^~' an L. '
~ a1~
:,qDEO
~ This Instrument Prepared ~y Gary F. El1~tOOdFst~-~,'`'- ~~1f~i Fl~•
SZ ~ ~ ~<:?S ~
First Federal Savings 8 Loan Association F, --aUFl1
of Fort Pierce ~ Florida _ '
- Checked By ~ ~4 . a• y Za pM sb
f<: ~ Y
~ ~~r~ ~~2 f'!?~~~i I
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