HomeMy WebLinkAbout2532 3. TO p~at! cO~rtint;O~si~ i,tc'p On the bu~.~l~~.gi nt~dv O~ ~~rrcviltr a~l~ate on sa~.cf 13nd dr.e~ on o:! ey~~y.r~~nt o~ tl pr~fO~~e~l,r co~.e~rd b, tK~i m.0.•t9.
ege, w~th ell prrn.w~ns Ihereon F.a.d 1ui1, f~re ir.sura•.c~ ~n thr ~~~~1 st.u~,ierd Noi~cy form, ~n a s~~n a~.pro.rd 'o~ ti~e tdIJR;G:.tiEi. a:~..1 +.~'~dito~m
i~~wranc~ in ~ha us...fl st,~,dard F.u:.cy fofm, in a s~m a~,p~oved by ihe R10RiGAGlt, in such cornpor~y or ca+~pames as tnr 1AORi`vAGEE may
d~rrcl; and all (ire end w~ndstofm msuiance {:o~~c~es on any of so~d bu~~d.nys, any imerrst thare~n or pe~f thoicol, in !he ag9<<ya~e s~m eforesa~d or
in exceas ~he~eof, sha~l :ontam the USV3~ s~~~~d.,~d n:or~yagee clause or auch o~her cieuse as the Mo~tyayee mey ~equ~re, moi~~ng v„e .css ~~~Ja~ s.~.J poli-
c es, each and eve~y, p.+;ab'e ~o sa+d .~WRiGAGfE as ~ts +~~~c~rst ~n~v appear, and each and t~e~y such p..~ .y s~~alt tx prun.ytiy ass y~~~J e~•d dc.~:cr~•d ~o
eny hefd by s~~d 1tOR(GAGEE as fur~he~ security ro sa,d ~~.or~geye d•_Lt, and, ~ot tess th~an ten (101 d~ys •~d.a~~ce oi thr e.~.~~~~~or~ of eoch No~,cy, ~o de-
I;ve~ fo sa~d MORJGAGfE a renewal ~hrreof, taye~hr~ with a~eca~pt lor ~he p~anuum o1 auch re~~e+~a~; and thr.e shait ue r.o i~re r.:~~,is~~~~~+ ~~suronce
pleced on any of sa~d bu~id~nys, a~y interest ~here~n or part thereof, ~n es~ ~n ihe form and w,th the ioss payoo:e as aforesald; ard i~. the e.enl a~y s~m
o+ money brcomes payab~e undrr s~ch pot~cy or pobues s.~~d h10kiGAGEE sh; II have ~ha o~»,on ro r~•~~•~v~ :,~,d apF~:~ t1i•a sa,~~c on acco~ of ~he i~~doe•i~•d- .
nris iecu~rd her~by O~ 1o pem~:t Sa~d IAORTvAGURS to fctrive and vse il or any p.!rl Ihr:•~oS io~ c'i~~ r H„r, ~.~s. +h J-~ P~""
~~+g any equ,fy, lien or nyht undr~ or Ly rirwe oS thi3 mcr'gau~; and m the e~ent ~a.d M0~2fGAGOR$ shall (oz any ~eason fail to k~~cp thr sa~cJ pr.:m~s_•s so . .
;~,ivr~d, or fail to drl~ver proq~~fly any of sa~d F:o!~c~es ot ~ns~ra+~ce ro aa:d h10RiGAGEE, er f.,~! pro~~•pr~~ to F~ay f~;ty any pr~~• ~~m the«•for or ~r, a~~y _
rrspetf fdil lo perform, d~~charye, exi~tule, eife!t, cO~np'ete, co~i:aly wi~h dnd abide by this Covenant, or any parl hereoi, s~~:d MvRS:.AGEE may p~ac~• a~~.o .
~~y (or such insurance er any part tl~ereof wiihout waiving or affecting any oNf~~n, lien, equ~ty, or nyh~ under or t~y v~:rue of :his Morrgage, and the
i;,il ainounf o( each and eve~y ivch paymaM shali kx :r~.ir.ed~atzly due and parable and Shall brar int~rest }rom the dota thc~~~of until po~d at the tate o)
~~ne prr centunt per ann~~n ar'~d togrth:r ~r,ich such ~~uervst shaii be sccwe~ by the I~en ol th~s mortgage.
4. To permit, commit or s~ffer no waite, impairment or dater~orat~on of sa~d property or an~r pa~1 thcreof.
S. To pay al~ and s~ngvla~ the cosis, chargea and expenses, includ~ng a reasonabfe anomey's fee and cosn of abstrscis of r~~~e, inc~rred or pa:d at
.ny ti~r.~ by sy~d MGRIGAG~E, beta~se or in the event of the fa~i~re on the part o( the said MORTGAGOR to duly, piomptiy ar.d fu~:y prrlonn, d~sch~rge.
_.<cutr, e4fec~, comp:rte, :omp~y w~th ~nd ebde by ea:h and every the s~ip~la~~ons, ag~eeniontS, tondit~ons, ar,d covenanfs uf s~~d p~oenr,sory note ~~~d ~h~~
•,~rtg~ge any or e~ther, ard a., d cests, chargea and expenses, each and every, shall be immed~ately due and payab:r; wh~•ther or not thcre be nonce d~
~;.,nd, atrempt to co lect or wit pend.ng; and the full amo~nt of each and every such payment sholl bra. interest (rom ~he dare thereot ~nti1 pa~d at the
~ o~ n:nc cer cen:un~ He~ en:~~.n; ::nd au sa~d ccsts, U~arges a~id ~a::ei+ses incur.ed or paid, toyrti~er w.th such ~nteerst, sha~l be sewred by the 1~cn of tl~~s
n,orrgage.
6. That (a) in tht event of any breach of this ldortgage or def3ult on the part of the MORTGAGOR, or ;b) in the event any oF sa'd sums of money
Fe~re~n referred to be not pro~~~pr:y and fully Fa~d w~iiun tn.rty ~30! d.~~s next a'r•~~ fhe same setiera:ly beco~:~e due and pateble. witi;out de~nand o~ nor.ce,
_v ~,4 in thr event each and erery the snpu~ations, a~reements, cond~rwns ard covenams o! ea.d promiswry note a~~d th~s n:o~tgage any or ei~her are nol
Jv:.y, promprly and f~l:y perfor~:~cd, d.aci~argcd, ex:cur~•d, eifecred. completed, compi~ed w~th and ab~dad Sy, tk~en in e~ther or any such evem the aa~d ag~
•c~ate sum mem~oeied in sa~d pro~~~~ssory not•~ thrn renwin~ng ur.paid, wiih ~roerr,t accrued, a~id a:~ monrys setured hcreby, shati becwnr due and par•
~o c Forrhw~~h, o~ therraiter, at the opr~on of s~;d A10BTGaGEE, as fuity and completely as ft alf of ~he s:,~d wms of money were ong~nal:y se~pu:ared
ro be pa:d on suc!~ day, an~ih~ng ~n sa.d prom~ssory ncte or ir. rh~: 1lortgage ro ihe co~~vary ~,of.v~~hsfa~:d~ny: and there~pon or thereeher at ~he op~~on of
s~ d MORTGAGEE, v~~tho~t nor,cr or deman.~, su~t at IdLY or in equA/, thzrriore or thereafter begun, ma~ be prosec~ted as iF a!I mor.eys secured hereby
n.d maWrCt~ p.•~Ot IO JS inSi~tvhOn.
7, ihat in the event th~t at tne beginn ng Of ot at any tirne pe~di+~g any su~t upon this Mortgage, or to foreclose it, or !o reform it, o? to enfurce
~.~;mcnt of any u~~~~~s hz~eu~~d~r, s~~d V~ORI;,AGEE shaii sr~yty to the Ce~rt havir;g ~~nsd.tt~on ther~~ot for the appo~ntmeM of a Recc~vcr, such Coun shai{
t;;•!hwith dppO~nt a«cei'+er of said n:ortgayrd Frope~ty all and sinyular, inci~d ng ~~t and S~ngu+ar It.e incon,e, prof~fs, i3S~es and reJe~~vCS from wF~~te~er
s.•ce deri~ed, each and evrry of w!~ ch, be~ng eMprc•ss'y .,ndeis~ood. is Fe~_•uy n:urtgagea~ as if spec~i~caHy set lorth and destribad in the gTa~~f~~~~ and
h,i~endum c!avses her~-of, and such Rrce~.er shai~ have a+l rhe br;ad a~~d effecr.ve funct~ons and pov~ers in anyw.se entcusted by a Coun te a Re,c~.er, a~~d
s:~~ appoin!ment sh31i b_~ n ade vy sUCh Co~rt as an od ~iitlcd ey~ity ond a~natter of a6so!ute rght to sa~d 650RiGi+GEE, a~~d w~ah~ut refer~r~ce W 1he
:•_quaey or ~~adey~aey of in< vaiur of the proprr~y mortg~ged or to fhe so.e~~cy o~ ~nsc~r~•ncy o1 sa~d L1pRiGAGOR or ~he de"tc •da~ts, a~~d ~h:,t svch
~•+s, profits, incane, ~swes and reven;;es shal~ be app;~ed by such ~Zecer.er :•c_ord:~,g to the lien or equit~ of sa~d h10RTGAGEE and the praU~ce of s~ch
I.OJf?-
8. To d~1y, prompt:y ar.d iuily perform, d~schnrge, execu+e, Cf4ECt, COmaieTP, [Jm~1~ w~th and abide by each and ever~ the stipu;ations, agreements,
:~^d~t~ons and coven3nts m se~d promissoty note and th~s mcrtgage set forih.
9. ihar in the event the ownersh~p of the nartgaged prem~ses. or any part thereo(, 6ecomes vested in a pe+son oiher than the h10RTGAGOR, the
: ~RTGAG:E, ifs successors and ass~g(~ s, n,jy, wi~hou~ r.or~c~= to ihe .'.',ORTGAOR, deal x~th such successor o+ successor ~n ~nrerrst v.~+h rrferecce to th~~
~~tgage a~:d ihe d•:bt hereby se.ured: in the same manr.~•r as wrth hlortgaqor w~tho~t in any way vit:ating or d:scharg~ng the Rlortgagors' liaoility here-
_,;~~r o~ vpon ~he debt hrreby secu~ed. No sale of the Fremises he~eby moitgaged ar.d no forbea~ance on the part of the /dORiGAGEE or its successors
assigns and ro extens~on of the tifn~ for the payment ot the debt hereby secured given by the 1hORIGAGEE cr its Succeasors or ass-~.gni, a~~al: operate
~o re eose, ducharge, modrfy change or affect the ong.nal liab,'.~ty of rhe N•ORIGAGOR Fe.ein, either in whole oi in part.
10. It is spec 1~cali~ agreed thar time ~s of fhe ess-nce of this contrau and that no waiver of any ob~~gat~on hereunder or of the obligation se-
~~,-ed here5y she:~ at an~ time th~reaiter be hc.d to be a woirer of the terms hereof o+ of the instrument secured herby.
! 11. In ::id t:~. i to 1h? IOrE:S:+ ~*'On'I~' ed ments ot r~.c al and interest re u~red b the p~OT. SSG! no'e s_cured 'ner~~b~, mo:Y aqor covenants
i 7 ~ r P' P 9 ~ Y y
: ag.ees to ~ ay tc ~•orfg~g~=e •r.<<i~ each :nth y E,a~: r•~t a.^. addr.~ona! su~n es' ated by mo*tgagee to be equa! to l 12 of r;~e ~nnual ccsr of the foiiow-
i ~
~ A-A!I real property tax~s ~e~.~_~ or assess~ ~i ay •st th~ ai:o:e desv+b• d r_a! esiate.
y B Fr, ~•~~~u o~ ~,!C d!.C~ ..~::C510."n :~'SJldttCC a; i:e~~~r, a;•q~,re;d to b~ car.~~ d cn tn~_ ~m~;rovemeits s.tuate on sh: above d=<_c: ~~_d p•em~zes.
= C-Gre:-.~c•s oi s_~ch :•c~ ,ne qua~snty icw~a• ce as :r:o't~sgee sha~i fr~~r t r^e ~o t~mt dtem fit to carty o~ the foan secured hereb~.
fAo~tgagee s~-:" . r to t; •:e nc<af~ mcrt :agcr ~n w~:!ing of th? amoi:~t due and payab!e hertundtr and s~th su~n sha:f ther~~pon be due ard
_.ab!e on th~ d~:±e ci rh~ ,~e~t mcnth.; paym•~nt an~ each svccess~ve Tonth tnereafier uctii mortgagee sh311 r,ot;iy mortgaqor of a changz ~n wch
f ;~nt. SucF wms s' a.• i.H a,;F~ ~ad hy m~~rtge~-,r tov.ard ti~e F:a~n•ent of real proNerty t3xes, insurance preR:.ums, and mortgage yvaraniy insurence
emiums.
' IV \'11iNE~S .':HEREOF. tne sa~d !ti7:ORTG:.GOP. has here~~ro se` h~s h;nd ar,d scat the day and yeayi~t aforesa~d. J
~ $igned, Seated a^d de!ivered in the p*esence of: ~
L~' ~r~ cs~an
c - Mdz'ew Bolb tko (Seaq
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r ' ($CA~)
A ~ ; ~ j _ .
~ C ` " ~~'C ! t.~ ~~1C6~OX
O O (Seaf?
~ ~ ~ i~
~ .".=.TE OF
f~~ i .
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u_
~ ;~U'JTY OF St. Lucie _ ~
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~ Before me penonally appeared AI7c~ZeW Borbotko a~d
~ Rpatrice Borbotko _ h;: wife, to me well known and kno~vn to me to be
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ind~v~d~a;s desu~bed in and who exewted the foregoing instrument, and aci;now~edged befwe me that they eaecuted the s~me fw the purposes
rherein expressed. And the sa~d_____.-_--_-_ _ReatrlCe Borbotko
:.!ie of the sa~d Andl@W BOLbOtiCO upon a separate and private
e•arn:naron by me ta:en separate and apart from h=r sa~d husband, atknavvledged to and before me that she execvted said instrument freely ar.d volun-
- .~~~y ar~d w:ihout any co~r~u.s:cn, constraint, ap~re~ on, or fear of er from her said husband.
_ WITNESS my hand an~ officia: sraf this_ day o April~__ , q. p, 1974
, C( / t~l`~- ~ ~lC_ -
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- Notary Pub!~c in and for the e of Ffo at large
= My Comm~ssion expires:
Return ~o: 2g~g38 - ,~~1- /o
v
- first Federal Sa+ings 6 loan Associ~~:on .
- O' ic•r P•.,_
° Forr ?~.,rcr. f,cr~d3 • .
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~~E C0011'iY~U' • • ~ ~ G. ` .
_ ItOCE~ P01TIl~ j
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T . r .
~ ~~ERl~ C;RCUIT CO1M C ~ 1. ~
This Instrument Pre pared B y John Collins VEP.1r~E9 ~ 7Y'' -
RECCP,D -
First Federal Savings 8~ loan Association ~u _ _ °'3 _ ~
- of Fort Piercey rlori~ 33450 ~ 'O 31~Mi1~~~ ? ./~r;,, ~ "
~ ~ J `
Checked By .
~ r~~~`''~;,;~
= aooK 226 oacf 2530 ~
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