HomeMy WebLinkAbout1174 3. To p~ace and continuousty keep on the b~~'d~~.gs t~ow a herr~iter ~~tuate on sa~d land and on al! rq.+ipmrnt and pe~soneily covered by this mortg-
age, w~th all prem~ums ~hereon pa~d in iutt. I~rc~~~,sw.~<c ~n ~he ~wal sra~xlud po.~cy fo~m, in a s~m a~pro+ed by the MORIGAGEE, a~~d windsto~m
insuranc~ in ~hs utual ftandard poLty form, in • sum approved by ~he A~ORiGAGEE, such tompany or cwnpan:es as Ihe MORTGAGEE may
d~rec~; ~nd all fire and w~nd~~orm insuunce po~~aes on any of sa~d bviid~ngs, any iorores~ therein or part thereo~, in ~he aggrego+e sum afaesaid w
in eaceu thereof, shal) co~~ain the viual uandard mw~g~gee cia~se w tiuch u~he~ dau~~ as Ihe Matyayae may rey~~re, ma4ing ttu ~oss undrr sa~d po~i~
cies, each and a~ery, pa~ab~e to said MORTGAGEE as ~~s ~~~~eres~ ~nay ap{xar, and exh and eve~y such poi.cy ~hall Ix p~omprY asig~ed and deGver~~d ~o
any hefd by said MORTGAGEE as lunhtr aecurity io said ~»o~tgaqe dcbt. and, no~ less ~ha~ ten l10) da~s in od:~ncr of ~he exp+rauon ol e~ch poi~cy, to dt
I~ver to said MORiGAGEE a renewal thereo(, ~ogether with a rece~pt fw tfia prem~um oi svch renewaf; and ~he~e shell be no f~re or wi~ids~o~~n inturance
placed on any of said buildings, any interes~ thcre~~ w parl lhrreof, un!ess in ~}+e fo~m and with the Ioss payable as aforesaid; and in the e+eM any sum
of m~ney becomes payabte unde~ ~ucA pol~cy w po~~uos said MORiGAGfE shall have ~he opc:on ~o recm~e end apply the sa~ne on acco~nt of ~he ind~bted-
ness setured he~eby o+ ro pet~nil aaid MORTGAGQRS to ~eteiva and use it or any pa~t ~hereol lor otner purF.,;srs. v.~thc..t !h:~co~ .~a~~~~~~ cr u~~p~~r-
~ng any equ~ty, Iien w r;ght undH w by virruo of th~s mo~~gagr: +~d ~n the evcro sa~d MORTGAGORS shall ta a~y reason fail to keep ~he sa~d prem~ses ao
insured, a fail to delive~ pro.nptly sny o~ aaid poi•cies ~t insurance Io u d MORTGAGEE, or fail promptty lo pay fu!ly any p~e+nwm therefw w in a~y
respect fail to pe~lorm, distharge, executa, e(fect, completr, compty with and ab+de by this cove~ant, d any part hereo?, sa~d MGRTGAGfE m~y place a~d
pey fw wch insurance or any pa.l thrreof w+thou~ waiving a affecting any opt~on, tieo, equ~ty, o~ ngh~ under a by v~~tue of this Mortgage, and ~he
f~ll amouN oi each and every such pay~nrnt fhall be nnme~~etely due and payabta and shall bear interest from the date thereof until paid at the rate o1
nme per centum per annum and to3r~he~ w~rh svch interest sha~i be s>c.,rrd by the lien of th;s mwtgaga
t. To prrmit, commit or s~ffe~ no waste, impai~ment o~ detrriorat~on of sa~d property or any part thereof.
S. To pay alI and singular 1hs coats, charges and expenses, iixlud~ng a reasonable aftaney's fee and costs oF abstracts of title, incu~red w pa~d at
any time by said MURiGAG:E, because w in the event oi the fa~Wre w? ~he pa~~ of the said MORTGAGOR to duty, pranptly and fu~~y ~rfwm, d~xharge.
>xecute, effec~, canp~e~e, co~.~p~y wuh and ab.de by rach snd every ~hr snp~lanons, agree~~ents, cond~t~ona, and co~enann of sa~d prom~ssory note and ihis
mortga9e any or e~~her,'dnd sa~d costs, charges and expenxs, each and lVNy, shsll be immrdutely dve and payab:e; whethe~ w r.ot there be notice de
mand, atte~npt to collect or s~it pend~ng: and ihe full amouN of each and erery s~ch paymem shall bea. in~eres~ from the da~e thereoi until paid d the
~~Te oi nlne per crntum per annu~r, and all wid costs, charges and ex~nses ~ncurred or pa~d, toge~her w~th w:h incerest, shail be secured bY ~he G.~ of th~s
mortgage.
6. That (a) in 1he event of any breach of th~s Mwtgage or default on the part of the MORTGAGOR, or ;b) in the event any of sa:d sums ot money
herein referred to be not promptly and fuily paid w~thin ~h~rty l30) days ~mxt atee~ tF.e same severatly beca+:e due and payable, without dcmand or notice,
or (c) in tha event each and every the stipulations, ag~eements, cond~tions and covenants of sa d promissory no~e a~xl th~s mortgage any w e~ther are not
~~~y, prompNy and fu~ty performed, d~achargrd, eaecuted, eifected, comptetrd, compi~ed with and ab~dcd 5y, then in e~ther o~ any such event the sa~d ag
gregate sum mentioned in said promissory note then remaining u~pa~d, with imerest acuued, and a,l moneYS secured hereby, shail become due and pay-
acie forthwith, w therea4ter, at the option of said MORTGAGEE, as fvlly and canp:etety as if sll of thr said sums oi money were or~ginally stipu;ated
ie be pa~d on such day, anything in sa:d promisswy note w in this Mortqage to Ihe contrary natwithsrand+ng; and thrreupon w the:e~fter af the op~~on of
s.-:~ MORTGAGEE, withoul nor~te or demand, suit at law or in equdy, therefore or thereaiter begun, may be prosecuted as if all moneys secured hereby
r.,d maturEK~ pt~0~ 10 ~t3 instituTiOn. ' -
7. That in the event that at the beginnirg oi or at any t~me pend~ng any su~t upo~ this Mwtgagr, or to fo~eclose it, or to reform it, o~ to enforte
p3ymenl of any daims he+eunder, said MORTGAGfE shall appiy to the Lourf having ~ur~sd.ct~on thereof fo~ the appo~ntment of s Receiver, such Cour~ shail
iorthw~rh appoint a receiver of said mortgagrd propeity all and singular, i~ctud:ng aN a~~d s~ngu~ar the ~nco:ne, p~olas, iswes and rev~nves from whatever
so~.ce derived, each a~d every oi wh~ch, it being expressty unders+ood, is F.e~eby mertgaged as 1f spec~l~caL'y ut ierth and deunbed in tFx granting and
habendum davses hereof, artd such Rece~ver shatl have all the broad ard effect~ve funcucns a~d powers in anyx:s> entrusted by a Court to a Receiver, and
s_ ch appointmeut shali oc made by svch Co~n as an admittrd equiry and a rnar~er of absolute r;gh~ to sa~d h10RiGAGEE, a~d wi;hout reference to the
adea~~cy or inadrqvacy of the value of the property mongaged or to tha so.~r~cy or ;nso:vency of u~d MORTGAGOR w the defendants, and ~hat such
re~,rs, profin, irtcome, iuues and revenues shail be appi~cd by such Receiver accord~ng to the tien or eq~ity of u6d b1~RTGAGEE and the p~actice of such -
CouA.
8. To d~ly, promptly and fully perform, d~s:harge, exec~te, eifect, corr~:etr. compiy with and abide by each a~d every the stipulatio~s, agreements,
conditions and covenanu in sa~d promisiwy note a~d th.s mortgage set forth.
9. That in the event the ownership of the mortgaged premiies, o~ an~• part tF,ereof, becomes vested in a pe~son other tlwa Ihe MORTGAGOR, the
:'.ORTGAGEE, its svccessors and ass~gns, may, w~fho~t no~~ce to the ~110RTG~OR, dzat w~th s~ch successor w successw in interest with reFerence to thia
~ o•rgage and the debt hereby secured in the same mar.ner as w~th 1.•.wrgagor w;rhout in any way vinating o? d+xharg7ng the Mortgagori liability here-
:;~~der a upon the debt hereby secured. No saie of the Fre~c~ses he.eby rnortgaged and no fo~bearance on the pa~~ of ~he ?AORTGAGEE w its successors ~
e~ ass~gns and no extens~on of the nrr.e for the payment oi the debt here'~y secwed g~ven by the /dORTGAGfE or its s:xceasors w ass;gns, aha~t operate ~
io re!ease, d.scharge, modify change o? affect the orig,nal lian.i~ty oi tine MORiGAGOR herein, either in vrhole or in part.
i0. It is speufically agreed that rime is oi the essence of thls contract and that ao waiver oi any obl~gat~on hereurtder or of the ablgation se- ~
cured hereby shali at any time ti~ereafter be he:d to be a waiver of the ~ams hereot w of the enstrument secured herby_ ~
i
11_ in add:t;o~ to the forege :ag month!y payrnenvs of prmc pat and inierest requ~red by ~he p~om ssery no!e securrd hereby, mo:tgagor covenanfs ~
jrd a~ees to • a to mo:t a ee with each ma~ih~ -a ent an add~r:onat sum cs'•~ ated b mort ee to be e val to l; 12 of the annual cost of the fotlow- ~
9 a Y 9 J Y r Y~~~. Y 9~ g
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A-ktl reai pro~erty taxes ~e•~ied or ass~ss^d ag~i•;s: thc abo+e deso~bed :c-a! estate.
S- Prem~u~ns on fire and wi~~dstorm inw~a~ce as n_re~n rcKyu'red ta be carried.on the +mproveme~ts s~tuate on the above dasv~bed premises.
' C-Pre~r•;urr•s on such mortgage guaranty ir.svra~.ce es mc~lgagte sha'I frC•c 7 i.lY to time deem fit to carry on tF.e loan secured hereby.
~ hflortgagae sha?! =rom time to tlme ner~fy mortgagor ~n nrit~ng of the amovnt due and payable hereunder and such sum shall thrreupon be due and
~ ,,able on the c~~e date of the next month:~ paymtnt and eacfi wccessi+e month ihereafier ur.tit mwtgagee shail nor.fy mortgagor of a change in such
E ~~nt. Such sums s~:a!t be appiied by martgagee toward the payme~i of re31 property taxes, insurance prem~ums, and mortg~ga guaraMy insurance
E .^•c'miums_ ~ - ~
i IN Y1ITPJESS VlHEREO~, the sa:d MCRTGAGOR has hereu~to set his hard artd seal rhe day and year first afwesaid.
F igned, Se el~vered in the N'tesence of: Q
~~Y` Sea4
- ; ~ JaCOb A . un 5es4
~ - ' Sesl)
~ eline L. ak i5eai)
r -
Si:.TE OF FLORIDA ~
~~uvnr oF St. Lueie ~ ~
Befwe me penonafly appeared `TaCOb A. Munyak and ;
Jaeqneline L. Munvak his w+fe, to me well k~own and known to me to be ;
~tie individuats described in and who executed the faegoing instrume~t, and ackrwwledged befwe me that they executed the same for the purposes ~
rherein cxpressed. And the said Jaequeline L. Munyak ~
:.~~e of the sa~d _JdCOb A. Munvak _ ~~n a sepsrate and private
~.am;nation by me taken separate and apart irom her said husband, scknowledged to and befwe me that she executed said instrumem frcely and volun- ~
~r~;y ar.d without any comau~sion, constraiM, appre~h~ s:on, or fear of or fram ~~d h„sna~a. Ma Ct1 74,
WITNE55 my hand and offiual seal this-~C:'•-r~- da f a 19
f~tE^ .'tii d~C:;H _ ~.~1 ' ~ 7
, sT t~^~i LOt~M~Y~~~ / Notary Public in and for the tafe of ida at large
A~., " ~
- - .=f+' ? R ~S t; My Comm~siwn expires: . ^ _ ~ ~
Return To: : ~ ; ':1 CJURT l% "y
C: _ : iC~.~.-.....~" ~4
~ First Federal Savings S loao As~idetoti `
Oi fort Pe:ce. r ~ } ```5~,.~~Ilsll,r~~.~ j
~ ForP Pierte. floricja Y~~ ~L 59 PMI l~Y ~ ~
I IIN~ V~ V/~'~~~ ~~r,
~ • ' - ~ • _ v - ~ -
; ~ r, : -
_ This Instrument Prepared By John W. Colli;ts ~ f'•~ r~
° First Federal Savings d~ Loan Association
of Fort Pierce, Flori t~ ~"r.' ~ L ~ C -
~ . • •
- Checked 6y ~~i, r`+~ ~ ~ ' .t
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2z5 ~~E ~ ~2
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