HomeMy WebLinkAbout0460 To plu~ and continuously keep on the b++i!dingi now a hereaNe~ iituaee on sa~d t~nd and on all equiprnenl and pe~sonally covtred by lhis mat~
age, with all premiumi the~eon pa~d in full, fire insu~ance ~n the ufual 3~aodard pa~~ty fam, in a sum ~pprov~d by ~he MORTGAGEE, and windslwm
~nsur~ec~ in ~he v~ual s~and~rd pol~cy fam, in a sum app~oved by tM NWRiGAGEE, such comP+^y w~«^P~^'K th~ MORTGAGEE may
d~rec~; ~i+d ~II f'ue and windsto~m inwrance po1K~e~ o~ ~ny of said buildinys, any intere~~ the~ein w part Ihereof, in tM ~g9rey~t~ wm ~faesaid or
in exceu thereof, fhaN contain tM usual itandard matga9ee clause or such othe~ ciause as the 1Natgagee msy requ:n. makinp ths losl w~de~ sa~d pO~i~
cies, each and eve~y, paYabie ~o taid MORTGAGEE as ~ts intCre~t may appear, and each a~d eve~y such policy shall be {xomp~~Y ~?s 9^ed i^d delivered ro
any held by said MORTGAGEE as turthe~ sxurity ~o said ~~ort9age debt, and, not tess than ten (10) dsys :n advante of ths expiration of e~ch pol~ty, fo da
I~~er ~o said MORTGAGEE + renewal tMreoF, ~oge~har wi~h a rece~p~ fw the p:a~ni~m of svch ienawal; and there sha~l bs no fire or windstorm insurane~
placed o~ eny ot sa~d buildings, any interest Iherei~ w pa~l lhrreof, uniesa in ~he form a~d w~ih +he Ioss payable as ~toreu~d; +nd in the ~vent +ny twn
of monty becomes p+Yable undc? wch policy w po~Kies iaid MORiGAGEE sl:all have tM option to retatvs and apply ths ssme a? +c~oui+~ of 1M ~b~°d'
nesa secured hereby a ro permil asid MORTGAGORS 1o retei~e and uss i1 d any par~ the+eof lor ofher purpases, wi~hout tharco/ waiv~ng w~mpair•
ing any eqvity, lia+ a right under w by virtue ot thls mo:'gagc; a~xf in the event w:d MORTGAGORS shall fa a~y reason fail to keep the uid p~emises so ~
ins~red, or fail to dcliver promplly any oF faid polKie: ot i~surance to said MORTGAGEE, or fa~l promptly to pay tully any premium therefor a in a~y i~.
respett isil to per(orm, d~scharge, execute, eifec~. canp~eTe, comply WS~h and abide by th~s covenant, w any pert hereof, sa~d MORTGAGEE may place and _
pay fw such insurance a a~y pa~t ~hereof wi~hout waivi~g or afFectinp any opt~on, lien, equ~ty, or right unde+ w by virtue ot ~his Mwtgage, and 1ht
r„ii a~,+ount of each and ~~~erv such wyment shall be immediately dve and payable and shall brar interest (rom ths date thereoi ~nti{ paid st the rate ol
~,:~~e per crntum pe: ann~m and to~ether with such inte~est snai~ ue secureu oy ~ne ~~c.~ v: .c.N:y.roa. ~
1. To permit, commit or suffer no waste, impairment a deteriorat~o~ of aa~d prope~ty or +ny part thereof. ~
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5. To pay all a~d ungula~ the costs, charges and expenses, ir~ctuding a reasonable ~ttwney's fee and costs of ~bstratts o( title, inturred or p+id st j
eny time by said MORTGAGEE, because w in the event of the faiiura on ~he pan of ~he aaid MORTGAGOR to duty, promptly and fully periorm, d~xhargR `
e.ecut~, effect, camplete, complY w~th and ab,de by each and every the stiputanons, agreements, co~d~t~ons, and covenants of said pranisso~y no~e and this
n,o~fgaga any w either, and sa~d costa, charges and expenses, each end eve?y. shatt be immed~ately due and payab!r, whNher w oot there be notice ds ~
mand, sttemp~ to colkct or suit ~xnd~ng: and the full amov~t of each and every such payment shall bear inte~esl from tM date fhereof vetil p~id af the ?
.:a: of n~ne pe~ crnwm prr anuu:n; aiw' alt aaid cos~s, charges and eapenses int~rred or paid, together with such iMerest, sF~all be secured by the lien of thit ~
mo~tgage.
6. Tl+st (a) in the evcnt of a~r breach of this Mortgage or default on the part of the MORTGAGOR, o? (b) in ~he event any of sa~d sum~ of money
herein referred to be oot pranptly and fully paid wi+hin thi.q (3J) days next atter ~he same severatly become due and payable, withovt dem~nd w no~ice,
e~ ;c? in tht eveM exh and e~ery the stiputatio~s, agreements, condirio~s and covcnants of sa.d promissory note snd this matpaye a~y or ei~her ~r~ na
i,,:y, promptly artd fvl!y pe~iwmed, d~scharged, execu~ed, effeded, comp~eted, complied wrth and a6ided by, then in either or any such event the said ag
g;ega!e sum mrntioned in said promisswy rate then remaining unpa~d, w~th interes~ acuucd, and all moneys setured hereby, sha~l become due and pay-
ab e for~hwith, a the.eafter, at the op!~o~ of sa~d MORTGAGEE. a: fu~~y a~d comp:etr~y as it a~! of ~he said wms of money were a~g~n+lly stipulated
to be paid on s~ch day, a~ything in sa.d promisswy note or in this h\ortgaye to the conirary notwithstanding; and thereupon or thereafter at the option of ;
s~:d h10RTGAGEE, witlwut notice or de~nar.d, wit at law w in equity, th:reiore or thereaiter begun, may be prosecuted as if sll moneys secvred he~eby ~
r d niatured pr~or to its institut;an.
''-2 µ_~'::,y .
7. lhat in the evenr ~nar ar tne oeginn~~~g o~ c. a: a„~ . s:::' '!-Y u,,,.~~.,~, ~~..cl~ pr tq refotm it, or to enfwce
~yme~t o1 any ciaims Fxreunder, said h10RTGAG"_ shaU appty„io the Cou~t har~~~g ~u-~sc~:c~~on ~hereof fw the appointment of ~ Receive~, suth Courf shall
rc•rn.virh appoint a receiver ot said mortgaged propc~ty all and singular, inctud.ng alf and s~nqular ~he income, profds, issuef and terenues from whatever
s. ,rce derived, each and every of wh~ch, d being e~pressfy understood, +s he.eby mcngaged as if specifically set forth and destribed in the ~rantiog and
1: ,:.endum clavses hereof, and such Receiver shall have all the broad and efiect,ve f~r.c!.ons and powers i~ anywise entrusted by a CouH to a Receiver, and
s, ch aFpointment sha~~ be made ~y such Court as an ad~nitte~ equity and a m.a~ter of absolute right to said MORiGAGEE, and without referente to ths
e~,.a~acy or ]nadequacy ot the value of the prcperty mortgaged os to the so~.•e~cy or ~osoi~ency ol said MORTGAGOR a the detendants, and that such
r~-•~rs. p~ofits, income, iuues and reve~ues shall be appli-~d by sucn Rece~ver accord:ng 1o fhe tien or eq~ity of said MORTGAGEE and the p~adice of suth
Court.
8. To du!y, prompt:y and fully perform, discharge, exec~~e, efiect, comp!ete, co~~ply with and abide by each and tvery the stipulations, agreements,
.c^d;ticns and cove~ants ~n sa~d promisswy note and this mortgage set forth
9. That in the event the ownership of the mortgaoed p~emises, o~ any part thereoF, 6ecomes vested in a person othe~ than the MORTGAGOR, fhe
:.~RTGAGEE. its svaessors and assigns, may, wi:hout notice to thr ;AORTGAOR, dral with svch successor or successor in imeresl with reference to this
~ o~iyage and the d~bt hcreby aecured irt the same manne. as ++~~h :Aortgaga w~rhout in any way vit~ating w diuha~9ing the Nlbrt9agors' ~iability htrr
_.:~r or upwi the drbt ixrreby secured. No s3:e of the Frem~ses hcreby mo~tgaged an~ no for6earaoce on Ihe part of the MORTGAGEE w iri sutcesson
asvgns ar.d r~o eatens~on oF the time for ~he ~aymenf of the drbf he:eby sec~red g~ven by the MORTGAGEE or its successors w ~uigns, ahall operale
_ re~ease, d~schar9e, mod~fy change or afiect the O'iy~ndl liau:t,ty of ehe MORiGAGOR herein, either in whole or in ps~t.
10. It is speuficalfy agreed that ±i~ne is o` the essence of th~s contract and fhal no waiver of any obfigation hereunder or of lhe obl'gation sr
c:,red hareby shafl at any time thereafter be hr:d to be a waiver o( the !erms hereof or of Ihe instrument secured herby.
11. In a;id t:o.~ ~o ~na forego ~~g n:o~tl,iy paym^n~s of p~~: c pa's and inrer:st requi~ed by the promissory no!e secured hereby, mortgagor tovenants
agrees ~o pay to r,ortgagee v.irh each mo~:th~y pa~r,e~~t an add.~~onaV s~~n ash^~ated by mortgagee to be eqval to 1~12 oi the anoual cost of the follow-
A-All real property tar.es ~evi~c: or assessed au~~~.ar thc above descr.~ed r_at esrare.
S-Pr~m~ums on 1~re and v.indsto•m ~nsurarce as here~n r~~,:red to be carr~ed er: ~he im, roveme~ts sitvate on the above desc:~bed premises.
'I C--Prem~uns on sucfi mortg:,ge guarant~ icwrance as mo~ry~gee s'~a;l f:crr ~~:e to time deem fit to carry on the loan secured hereby.
~ hlortgagee sha~l from tir.ie to t,me ~wtify moctgagor m wntuig of ~he amo~,~t d~e and payable he?eu~ler and such sum sfiall thereupon be d~e and {
;-b!e on thr due date of th> next n:o^.thiy payment and each success~ve Tonrh tfiereafter ur.til mortgagee shall notify mortgagor of a eharge in such i
~•,nr_ Such sums sFail be applied by mor!gag ~e to::ard tt,e paymeni of real property taxes, insurance prem:ums, and morfgage guaranfy insurance i
~
. ti;'.fUTS.
IN WITNESS LYHEREOf, the said MORTGAGOR has hAreu:~to set h~s hard and sea: the day and ar first sfwesaid. ~
$i ned, Se ed and delivered in the p~ese~ce of: - i
1 _ - ~
Sawas N. Macrides q
~ ~ - SNn ~
Blanche Macrides r~,p ?
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~".~T~ OF FIORIDA ~ ~
St . Lucie
c ~uvtY oF - ~
Befwe me perso~ally appeared _ ~~as N• ~C21d@3 snd
Blanche Macr ides his wife, to me well known and known to me to be
individuals desuibed in and v+~ho executed the foregoing instrument, and xknowledged before me that Ihey exetuted the same fw ihe purposes
r~.~re:n exprcssed. Md the said Bldl'1Ch@ ~CI1~S
: tc of the said Sawas N. MaCY~~I@S upon a separate and piwste
..~m:n3tion by me *.aken separate and apart from her uid husband, atknowledged to and before me that she executed said instrumeM freely and volurr
r-~~y and wrthout any compu!sion, consrraint, apprehenslon, or fear of or from her uid husband. ~ ,f4
`.YITNESS my hand and officEal seal th~s_ ~ day of y A. D. 19
~ C3,~`~___:~_s
Notary Public in and for the ate of Florida ~t l~rye .
' My Commiuion expires: b a~~~~ j~ ~
Return To: • .
r,; •'e., .
: irst Federal Savings a Loan Association '
,..~.~it~ny ``ti' . .
Of Fort P.erce. ~
RECORDE~ ' - ~ ~
Fort Pierce, flo~lda F lE0 ~Nfl y c~,;. ' j.
C~UN1 t fL : ~ C • • ~ r
S~. ROCE~ PO!?RAS ` ' ' ~ , _ ~ ~'s, % ~ ~
CLERK Ct4CUi1 COURT 4 • N. , G, v~~';•;
j;•
. p~cpq OVEP~fIEO~ . .:ti;~~`
- '!~'62b = C'1.•• G: . :..1
This Instrument Prepared By Willianl J. e8 -f-,•~ v =~F-=
~irst Federal Savings 8 Loan Association ~ a 39 ~ s.~;,..Ea`~ ;~~~,Q,:
~ ~ :
Florida?
of Fort Pierce ~ ~
j•., ~ Q~.• ~!v;
o~ P'~
Checked By ~ 4~
J,'I
~~~~11~tt~N~~M~ ,
~
BOOK PAGE 459
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