HomeMy WebLinkAbout1116 J. To p~ace and continuously keep on the Lui:J~ng~ now or hereaiter ~~tvate on so~d ~and and en a!i eq~lp~~,rnt a~~d pr~so~~a'~y :o~rr~v =+r th~l ~~o'T,~
e~e. with aU premi~mf thereon pa~d ~n full, tre insura~~ce ~n the utval ~iandard po'rcy brm, in s wm a4prc.ed 'oy the M"ak ~=.:,Ef, :~d M~•~~=~u'rt.
~n:uranc~ in ~he usual ~randard pot~cy form, in a ium approved by ~he h10RTGAGEE, in such cempany or cu•~•~a~~es as ~i~e h~J^'i,~.~Ef ~~ey
d~rect; ~nd all fire and w~nd»orm inwrance {wt~des on •ny oi sa~d build:ngs, sny interosl tharein or part tncreof, in the agg•~ qe~e a.;~, aro~esad a+
in e:cess Ihereof, shall coma~n ~he u~wl s~a~3dsrd mo~tg.~gese clawe o~ wch aher <~wse as the Mo~1qagee mey rey~~re. ~•a~~np n~r ~:ns u~~ue~ ae~d ;.o~~
c~e~, ea<h ~nd every, payable to said h10RiGAGEE at ~q ~merest may appear, and each and every auch poi.cy si~a~~ be p~or.,yry ess ~•~~d .+•~d o=•~+~rr»c ~a
eny held by said MORfGAGEE as {~rthe~ sewrity to sa~d mortgage debt, a~d, not leu tha~ ten !~0) diys in ad.ance of ihe eYy~*a~=on o+ eeci~ ;w ~c~. *c tir
i~ver to said MORTGAGEE a renewal rhercof, togaher wi~h a rece~p~ for the premium of ~uch re~ewa!; snd ~t~e.c snaii be ~o i~~r or M+~~OS7J n ~~VJ~O~ILt
ptaced on any of said buitd;ngs. any intcres~ ~hero~n u part thereof, unless in the foim and w~th the bss paYabk as aiu~ese~d; o.uf in +hr r~am a~~ a.,..~
of money beconus payable undrr such policy o~ po~~ues u~d MORTGAGEE shall have ~he op~~on to re:e~ve e„d apN~y ~he se.~~r o~ acco,,~„ o~ The ~~~o~c,t.•~
nasa setur`d heriby a ~o pem~it sa:d MORTGAGORS ro receivr a~~d use it p any pa~t M~e:coi lor o~n~~r ~,ur,:_srs. :.•+~~~_t +h.'=-• w=~~•'3
ing any equity, lien or riqht u~der or by virtue of ~his mo:tgage; and in 1he event sa d MORTGAGORS sha!1 iw any reason fait ~o kt~F fhr sa~d p•rn:u sysc
msured, a fail b deliver pranptly any of aaid polit;es of insurante to sa~d A10RTGAGfE, ot fa~i promptiy ~o ~a~• fu:ty anr prr ~~~.:~n mcrr~or oc ~r. o•~.
reepett (ail to pe~(wm, d~scherge, execure, effect, complerr, comply wi~h and ab~de by th~s cove~ant, o~ any pet~ ~treo(, sa~d Mi~c1 ~:.GEf may ;,,ace a~^-
pay fW such insurance or a~y pa~l thereof wuhoul waiving or affectinfl any option, lien, equ~ty, w nght under or by vh~~e o! thn 1N~rty~age. a~d t•~e
t~Il amount of each and every svch paymeM shall be ~m~nediately due end payable and sha~l brar interesi from the do~e thrrrof umii po~d et rnr rdu n}
r;ne per cenrum pe~ annum and togrthrr with such interesr sheli be srcured ty the lien of th~s mortgage.
1, To pe~mit, commit or su(fer no waite, impairmeM or deterioration of said p~operty w any part thereof.
5. 1o pay all and singular the costs, charges and eipenses, including a reasonable attorney's fee and costs of abstracts of Yn:e, ~~c~rrrd or F,a~d n'
nny time by sa~d MORTGAGEE, because w in thc event of the fa~lure w? the part of the said MOkTGACaOR ~o d~ly, pro^~pT~y and f., iy F.r~iorR,, d~sc~.e~gr
execute, effed, complete, comply w~~h and ab.de by each and every the stipulahons, agrermeros, cond~t~ons, and coveoann oi ta~d p~o~~~ssor~ notr e•~o *~~n
-nortgage any w either, and sa~d cosra, che~ges and eapenses, each and every, shalf be immed~alely due and payabie; wheThe* w nor TheTe tx ^=-~-c d-
rt,and, attempt to tollecf w svit pend~ng; and Ihe tull amount of estA and e~~ry such payment shall bea~ interest from the date therrof unt~~ pe~d +n r.~t
~~~e o~ nine per tentum per anuu:n; and all sa~d costs, cnaiyes and ex;xnses ~ncurred o~ paid, together wnh such inreres~, shatt be secured by tnr ~.an ot Yr~m
mortgagl.
6. That (a) in the event of any breach of this Mortgage or defa~lt on Ihe parf of the AtORTGAGOR, or ;b) in the event any o; sa:d sums ~f m~nry
herein referred to be not promptly and fully paid within thuty (30) days next afte~ fhe same severally become dve and payabk, w~:t~u! ciemand o~ no~.ce.
cr (c) in the event each and every the stiputations, agreements, cond~tions and covenaros of sa.d promnsory note a~u! ih~s mortgege any D: Y~~Y.f.n a*e nof
~~ly, promptly and Ivlly performed, d~schargzd, exec~red, effected, compSeted, compiied x•ith and ab~ded Sy, tren in e:ther or a~y wch eve~t the ce.d ag
~regate sum mentioned in said promissory natr then remaining unpald, w+th interest accrued, and att moneys secured hereby, :hait 6a:comr d.,e e*~d •rev
aD'~e forlhwith, a Ihereafter, at the option of sa~d MORTGAGcE, as fuily and complNely as if all of the se~d sumt of money weve o<<3~-~s~~y s~:p.,~aie~
ro be pa~d on such day, anyth~ng in sa:d pro+n~ssory ~ote w in this Mortgage to the comrary not,~vithstandiny; and tF+ereupon or tt.ereaher ar rt~ a,.t~on uf
sn:d MORiGAGEE, without notica or demand, suit at Iaw or in equity, therefore w thereaiter beg~n, may be prosEtuted as if a1! maneys sec~+ed ne-eD~
rsd mstured pr~or to ds institution.
7. That in the event that at the beg~nn~rg oE o? at any timr pending any suit upon th~s Morigage, o? to foreclese it, or to refo.~n i~, oT te er.fu•cz.
~:~ymeM ef any claims hereunder, said MORTGAGEE shali apply to the Covn having ~ur~sd:a~on the~eof to: tne appa~ntmrnt of a 2ecr:v-r, s~c?, Co~^ snaii
fcrfhwith appoint a receiver of said mwtgaged property all and singutar, inctud,ng all and sfngufar the income, profrts, ~saues a*xi revrt~;,es irom wt.atr~e*
s~ vrce derived, each and every of wh:ch, it be:ng expressly undentood, ii hereby mor~gaged as if spec~tically set fwth and desc.~bed ~n the g•sm~n3 a,u-1
h.anendum c!auses hereof, and such Rece~ver shal{ have atl the b~oad and effect~ve funct.ons and powers in anyw~se emrus~ed by a Coun to e i~e :-~~e~. a~d
s_ch appointmeM shall be made by such Court aa an admitted equity and a matter of absotute right to said MORTGAGEE, and ~rr~tt,~ut refrrer~:t *o tr~e
ad•~quacy o? inadequacy of the val~e of the property mwtgaged or to the so~venty w~nsoivertcy oi sa~d MORTGAGOR ar tfir de4e~wa~~t, an~ Tr,~* su_i:
r_~!s, profits, income, issues an~ revenues shall be app:ied by such Receiver accord~ng to the lien or equity o1 sa~d MJRTGAGEE and the praa~ce o- s.,eii
Court.
8. To dufy, promptly and fully perform, d~scharge, execute, effect, compiete, cemp~y w~th and abide by each and every the st~pu:atioru, egree^w:is.
;ond~tions and tovenams ~n sa~d promissory note and th~s mortgage s~t iorth. -
9_ That in the event the ownersh~p of the mortgaged prem~ses, or any part tnereof, becomea vested in a person other than the MDRTGx.GOi'i. 1+~e F
:!JRTGAGEE, iri successors and assigns, may, without no~ice to the MORTGAOR, deal with wth wccessor q svccessor m interrst w~th re4r.en;.e to tr~e -
r-ortgage and the debl hereby secured in the same mar.ner as wifh f~tortgagoi w~+hout in any way vitkating or d~scha~g3ng ti~e 61w~gegon' Laui~.^.y he-c
ur.oer or upon the debt hereby sec~red. No saie of the p~en:~ses hereby mortgagrd and no forceara~ce on the part oi fha /dOkTur.vFi or rts s~urss:r.~s
er assigns and no extension of the time for the paymem of the deb+ hereby secvred given by tne fdORTG~G.E or itn successws or ass,grn, s1.a~~ u~-ax
~o reiease, d~scharge, modify change or affect fhe ony~naf IiabJ~ty of the MORIGAGOR herem, e~~her in whoie or in part.
10. It is speufically agreed that time is of the esser,ce of ~h7s contratt and ~hat ~10 WDiVK of any obilga~~on hereunder w o? the obEigaiu~r sr
cured hereby shall at any time thereafter be he:d to be a wai~zr of the terms hereoi o~ of the instrumem secured herby.
~ 11. In add~aon to the forego'~eg montFily payrn~nts of pri~Cpal and interest reqv~red by the prom sscry no~e srcured he*ebi, mo-tga3ao :~vena-rts
a••d agrees to aay to mortgagee v.i~h each month!y pa~~;~.ent an add,rional sum est~meted by mortgagee to 'tce equa+ ro 1 i2 cf she en-,,,a~ :95' D• thf ~D.~JYr-
i i'
~ A-A!1 rea! property taxes levir~ or assessed ag3i•tist the above descr~^.ed reat estate_
~ 8-Prem~~ms on iire and wi.^.dsto~~n ~nsurarce as here;r. requ:red to be ca~ried en the im~roveme~ts s~tuate on the above d_-sc~6hr•d premeses.
s
( C-Premioms on such mortgage gvaranty irwra~ ce as mu~~gagee shatl fre~: t~r.e to t~•ne deem fit ta carry m the loan se:urrd t~e-vny.
~ Mo~tgagee sha'I from time to ~~me nenfy mcrtgagor in writing of the an:ocM due and payabk hereunder and such s.:~ sha!i thereu~n be d.~- a~~
~ :=.yable on the due date oi thz next month!y paym~n~ and each successive monrh thewafter uctil mertgagee shalf nos.fy m~'t~a~or c•` a chen3e ~r. s.~~
~ • ovnt. $uch sums sFa~l be appiied by mortgay~.e to•.vard the ;~ayment of rea! preperty taxes, insurance prem.ums, a.d m~rt~a~a g~a~anty irs~ra*~cr
~ F:'emiumi.
~ IN \'lITNESS Y~HEREOf, the sa~d MORTGAGOR has hereunto set his hand.and aeal the day and year irst nfores~id.
~ Signed, Sealed and det~vered in the presence of: ~~J ,
~ t5ea1)
~ _ ~ ~ - ~ - Art G. Russ is
~ , - , - ~j n. - ~ ~r,
~ _ , ~ _ - Helen A. Russakis
~
S i HTE OF FLORIDA ~
~OUNTY Of SL . I.L1Cle ' S5
~ ~ Art G. Russakis a~
Before me perwnatly appeared
~ Helen. A. R~15~Sak18 h~s wife, to me well knawn and kncwn ta me t~ br
vne individ~a(s described in and who e:ecuted the faegoing instrument, and acknowiedged befwe me that they executed tnr same for the p.r.,~as~
ss
t^erein expressed. And the said ~len A. RlI5S81C15
.v:fe of the wid ~ t G• ~ssakis upon a ce~:arate ar~d p*irste
cxamination by me taice~ separate and apart from her said husband, acknov~iedged to and before me that she ezecuted sa~d insvu:r~ent iree;y and arawir
r3-ily and without any compu~sion, constraint, appreh s~on, or fear of or from her uid husband. `
~'4 WtTNESS my hand and offic;ai seal th;• day o" A rll ~ D• ~9 7~
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: FIIEU AMC RECOROfO Notary Publ:c in a~d fw the 5 of f' a at ln.-ge
S1. LUCIE COUMT1f iLA. My Comm~ssion exp~res: ~v
;y Retum To: AO~rEfi PpiTR/i~ • _
Fint Federal Savings b loan Associat; CIEaK CIRCUIT COURT ~ .
- ~CARO YERIFtEQ
e'~ Of Fort P~e:ce.
fort PiNrco, Flo•ida ~ Y ~ ~~L~r . .
2'799Q4~ :
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This Instrument Prepared By Robezt A. S~?isher ~ J= . ~ ~ -
fl~ First Federal Savings & Loan Association ~
_ of Fort Pierce , Rlozida - ~ '
- Checked By
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y ~o~ 226 ~ 1~~5 -
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