HomeMy WebLinkAbout0836 3. To p~ate a~d con~inuo~.+ly Meep on Ihe bui:di~:ys no+~r o~ hrreeher anuate on seid ~and and o~ aC equipn~rM and peroonal~y covered by ~his moitg-
sge, w~th all prt~ni~m3 thrrcon pa d m iuil, I~re ir.s~to~~ce ~n the usual atand~~ci po'ity lorrt~, ~n a sum app~~~ad by ~~~e hti:1k~G:.GEE, ar•d w~~~dstuim
inwrance in the usual s~andard poLcy form, in a s~m aFpro.ed by ~hr MORTGAGEE, in such company or co:~~pan~es as thr M02iGAGEE may
direct; and all iiro and w~ndsto~m insurance poliurs on any o1 sa~d bu~td~ngs, eny inleiest the~ein or pa~1 thrreof, in the a99rrgatr w~n +1o~esaid w ~
in excess thereaf, s!~all contain the usual s~andard mo~~9agee clause or such oiher cleuse as the Mo~tyagee may ~equ.ra, maling tne tois undar sa~d poli-
ties, each and evrry, payaLl~ to sa~d :10RiGAGEE as ~ts ~m~rait ~nay epE~ear, a~~d each and erery sucA potic~ s~~a~~ be promp~ly ass g~ird e~~d de~ivr~~•d ~o
~ny held by se~d MOR(GAGEE as {ur~hrr securify to sa~d morfyage deot, a~~d, not Irss ~ha~ ~en (101 days in adra~~ce o( the exp~~at~on o4 each pol~cy, to dw
liver fo said MORiG~1GEE a ronewai thereof, togNher wiih a rece~pt iot the prem~um o1 such renerval; and Ihe:e shall be no F~re o~ winds~or~n ins~rante
placed on any of said buildings, any intereit therein or pa~t thereof, unlrss in the form a~~d wiih the iosa payable aa aforesaid; and in the event any sum
of money becomes payable unJer such policy w pol~cies said MORTGAGEE shall have ~he opt~on ~o rrteive a~~d opply the same on account o1 ~he ~~~drbtrd- _
ness secured hereby er to perrn~t said MORTGAGORS ro recrive and use it w any pa~t the~eof 1or oi~~•-~ HU~E:uSt'S, v~1fl~.u~ ~h_~.,•i •V~~~~ ~3 ""P~"'
ing any equity, lien ot r~yht under a by vir~ue of this mor'gage; and in the evem sa:d MURTGAGOR; shatl for any reason fail to keep the sa~d prem~scs so
insu~ed, o+ fail 10 dzlivet promplly any Of said po~~ties of insurante to sa~d MOR~GAGEE, o~ fail promptiy to pay f~~ly any pre~~~~~m thcrefor or ~n a~Y `
respect (ail to perForm, d~scharge, execu~e, effe:t, canplete, comply with and abide by this cove~en~, or any parl hereof, said MGRTGAGEE may plece a^d
pay fw such insurance or any part thereof without waiving or affecting any opt~on, lien, equ~ty, w ~ight unde~ w by virtue of this Mwtgage, and ~he
1u11 amouN of each and e.ery such paymeni shalt be imm~diately dve and payable and shall bea~ interest from the date thereot u~~ril pa~d at the r~te ol
nine per ce~twn pcv ann~m and to~eth.v wi+h such interest shaii be secured by the lien of thia mortgage.
1, To permit, cornmit w suffer no waste, impairment or drteroration of said property or any part thereof.
5. To pay all and singular the costs, charges and e~Nrnses, includ~ng a reasonable attorney i(ee and costs oF abstracts of title, incurred or pa~d at
any time by ~aid MORTvAG:E, becausa or in the event oi tne fa~iure o~ the pan of the said MORTGAGOR to d~ly, promptly and f~lly pe~fonn, d~sch.~rge,
execute, etfect, tanpfe~e, canply wdh and ab.de by eacn and every ihe stip~lat:ons, agreements, condit~ons, and covenanrs oi sa~d pranissory note and th;s
martgage any or e~ther, and sa:d costs, charges and expenses, each and every, shall be immediately dve and payab!e; wh~the~ or not there be nonce d=
mand, attempt ro coNect or wit pend~ng; and Ihe fu11 amouM of each a~~d e~ery wch paymem shall bear iroerest from the date ~hereof until pa~d at the
rate o~ nine per crnt~m pcr annu:n; anc: al{ said costs, ci,aryes and exp~naes incurred w pa~d, togelher w~th such intereat, shall be secured by the I~eo of th~s
mortgage.
6. ihat (a) in thc event of any breach of th~s Mortgage or default on ~M part of the MORTGAGOR, or (b) in the event any of sa d svms o( money
herein refe~red ~o be no~ pron,pt~y and fully paid within th:rty (30) days next afrer the same severaliy become due and payaU!e, without demand or notice,
or (c} in ~he event each and every the stipulations, agreements, co~ditions and covenanta of sa.d pron~isw~y note a~~d th~a nwngage any or either are no1
~uly, prompdy and i~tly performed, J~scharged, eaecuted, effected, compiered, compl;ed with and ab~ded ~iy, ~he~ e;ther or any tuch evero the sa~d ag-
gregate sum mentio~~ed in said promissory nure then re~nair.ing ~npaid, with interest accrued, and ail moncys secured hereby, shall becor.ie d~e and pay
ab~e fcrthwith, or thereafter, at the opt~on oS sd~d MORTGAGEE, as fully and cample~ely as if a~l of thr said sums of money werc ong~natly suputaied
to be pa~d on such day, ~nyth~ng in sa.d prom~s:ory note oi in fhis Mortgage to the contrary notwithstanding; and thereupon or thereafter at the op~~on of
uid MORTGAGEE, without not~ce or demand, s~it at law or in equity, the~efore or thereatter begun, may be prosecuted as if alt moneys secured hereby
had maWred pnor to ~ts inst~tution.
7. That in the event that ar the beginn~ng of or at any time pending any suit upon this Mortgage, w to foreclose it, or to refo~m it, or to enforce
payment of any claims here~nder, said 1dORTGAGEE sha~t :.pNly to the Coun ha.i~g jur~sd~ction thereof for the appointmeM of a Receiver, such Coun shall
Forthwirh appo[nt a receiver of said mor!gaged prope~ty atl and siny~~ar, ind~d ng a:1 and s~~;gular the income, prof~ts, issues and revenues from whatever
source den~ed, each and every of wh,cfi, it be~ng expressiy unders~uod, is hereby mortgaged as if spec~(ica{ly set forih and described in the granting and
habendum ciauses her~of, and such Rece~ver sh,ii have alt the bread and effecnve funct.ons and powe~s in anyw~se eMrusted by a Court to a Recuiver, ard
such appoinfinent shall be r:ade by s~ch Co~rt as an admlttnci equ~ty and a matter of absolute r~gh? to sa~d IY~ORTGAGEE, and wiThout reference to the
adequacy or inadaq~acy of the vaive of the properry mortgaged or to the so.vency or ~nsolvency of said MORiGAGOR or the defendants, and that svch
re~ts, profits, incorr.e, iswes end revenues shaii be app+~ed by such Receiver accord~ng to the Gen or eq~dy ol sa~d MORTGAGEE and the pratt~te of such
Court.
8. To duty, pron+ptty and fu{~y perform, d~scharge, execute, effect, complete, comply w~~h and abide by each and every the st~pulations, agreements,
conditions and covenanis in sa~d prom~ssory nore and th~s morigage set forth.
9. That in the event the ow~ersh7p of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the
MORTGAGEE, Its successon and ass~gns, may, wi~hovt not,ce to the MORiGAOR, deat with such successor or wccessw in i~terest w~th re(erence to Ihis
ma~gage and the debt hereby secu~ed in the same manner as ~•ith hlortgagor without in any way vitiating or discharging the Mortgagors liability herr
under u ~F~on the debt hereby secured. No sa:e of the Fren~ises hereby mortgaged and no forbea~ance on the part ot the /dORTGAGEE or ib suctessws
or ass~g~s and no extens~on of the hme for the payment o1 the debt he•eby secured given by the 1dORiGAGfE or its successws or ass~gns, ahall operate
to re'rease, d~scharge, mod~fy change or affect the orig~nal Ga~ilrty of the MORTGAGOR herein, either in whole or in part. .
10. It is speuficaily agreed that time is of the esser.ce of this contract and that no waiver oi any obl~qation hereunder w of the obligafion se-
cured hereby shall at any time thereafter be he:d to be a ~va~~er of the terms hereof or of the ~nstrumeN secured herby.
11. In atid.ton ro thc forego ~~g month!y payments of print pal and interest requ~red by the prom sscry note sccvred F.ereby, rrwrtgagor tovenan~s
a~d agr~-es ro pay to matgaqee v~~fh each mon!h!y parmem an ad~7~+~Jr.dl wm est •rared by morrgagee to be eq~a! to 1, 12 of the an:,ual cost of the follow-
ing:
A-All rea~ property ~axas icvi_~ c+ assesscd ag~b~s; thc aho~e desvibrd rral es'ate.
B-P.~:-:~:,~r:s on fre and .v~ndsrorm ~ns~narce as nere n rcqu:red to be car~izd on ihe ~mproveme~ts s~tvate on tha above descriEed prem~ses.
C-Prem~ur.~s o~ w.h mort~,ge guaranty ir.s:~ra~.ce es mo~tgagee shail frcm t'me to t~me deem fit to carry on the toan sec~red hereby.
r t6i~ to t~re r.ot~f ~ r„crr-a or ~n •arrit~n of the amount d~e and payahle hereunder and such sum shafl thereupon be due and
Mortgagee s~~ii f om e ~ 7 9 9
Fayab!e on the d.:e aate of she ~~ext month:~ p~yment a~zd each s~ccessive month thereaiter ur:til mortgagee shall notiFy mortgagor of a change tn such
amount. Such s~ms sFa~! be app~lied 'oy mwigag~e to:+ard tne p~yment of real property taxes, insure~ue prem.ums, a~id mortgage guaranty insurance
premiums. '
IN ~11T~~ES$ WHEREOF, the said MORTGAGOR has hereu~to set his har.d and seal the day and year first afwesaid.
Signed, Sealed a ' ered in the presence of: ~Onn~_ ~ ~J `
` llX1.QMti_ ~t~.oc~ ~Sean
Williaa D. obusch a sin le ig~cjMlt
~fjj'L~t.s~'~`'~ ` `
- Marg et . o
u~a sing~e~a~ult
$TATE OF ~ Ip{ap i
Liaa, ~ ~
COUNTY OF - - ~
~ Williaa~ D. Kobusch, a single adult and
Before me personafly appeu
Margar~t'- • KOb11SC~1 ~ a single adult .ti*~(c to me well known and knovvn to me to be
the indivj~irU!Y' 1~eicribed ia and who executed the foregoi~g instrument, and acknowledged before me thal they executed the same for the purposes ~
i. ' .
therein ~sxpressed~~,A~ j~
wife of tJ~e ~sa+d ' u~wn~'x~1~r~w~FwM~
~~~iow !y ~+e ~aie~t?s~p~w4~swd~ ~ irww 4~e+ sai~ iMbsndr ~ waw~ieigei ~o~ewi ieio~s rw~ ~iwt~~e-wc~c~~ wwl~wsMU~rr~r 1N~iyr ~ rd~ri.
rsrilrlnd~Nlvlaer~anlte~+p~lsle~reowsKSin?,~aAPr~~ ~laieer~ef~irw~?i~er~ei~d~lwfbw~. ~7~
' W1iN~3S my hand #nd o$itial seal this__ 1 ~ - - day of A. D. 19~ I_
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~ N ary Publ~c in and for the St te of Fisrida at large
. M Comm~ssion expires:
,,~,~;,*.~a, -
first federDl ~,~~,MiA~l~ b loan Associat:on
Of Fort P~erce.
Fo~r P~erce, Florida FILEO AND RECORO~D
ST. CUCIE COUMTY F A.
ROGER POiTRAS ~
CtERK CIRCUIt COUIlT ~j1
This Instrument Prepared By J. H. RobeYts~ JZ. PECOR~ YER;FIED.,..~~.
First Federal Savings & Loan Association ~'l 9 IS !11'l
of Fort Pierce ~ F1oZida
Checked By -8001l~,~.6 PACE ~,6
2~sss~
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