HomeMy WebLinkAbout2652 J. io plac~ and cominuousiy Iccep o~ 1F?e b~i:dingf no+v w heresfte~ ?ituafe o~ ~a~d I~nd and a+ aU equipmeM and peraon~lly tovtted by Ihif mo~1~
ege, wilh ell premiums thercon pa~d in 1~11, f~re insurance m•he uswt studard po'~cy fam, in ~•um apwoved by tM MQRiGAGEE, and w~nd~?wm
~m~rancs in ~M ~swl i~arxla~d po~~cy form, in a sum ~pprovrd by ~tH MORiGAtiEE, in svch compa~y or co~+p~~~es ss th~ MORTGAGEE m~y ,
d~rcctj ~~N! aU (i~~ ar.d w~ndsro~m insurante poiKie~ on •ny of •aid twitd~~~ys. any ioterest theroia or parf Ihe~eot, in Ihe agyregatt sum ~lor~s~id w .
~n excets thereo(, s1~a11 :ontain th~ uiw~ standard mor~gage~ dausa o~ such o~he~ c~eus~ u th~ Mortyagae may requ~r~, m+kinp ihe lo» undH ts~d poli~
c:rs, each and every, µa,abte to sa~d A1JRfGAGEE as ~rs inrr~est may appear, and each a~d every ~uch po!~cy shall be promp~~y +ss gnrd a~d deGvered ~o
any held by said NiORTGAGfE as E~r~~er aecu~i!y ro sa~d mor~g~ge drb~, and, not-te~s ~hen ten (10) days in edvante o{ the expira,on o1 each poGcy. ~o da
l.var ~o said AlORTGAGff a re~rwal thcreof, toye~hH with a recNpt for the prom~um of s~:h rc~ewal; and there shall be no i'ue or winds~o~m inw~ancs
placed on any of sa+d buiidings, any intrrezt thete~n w p+r~ ?hareof, u~lcss in ihe lorm and w~~h ~tx ~oss payeble as a(oresaid; and in ~he e~ent any ium
e+ mon~y bccomei payable unde~ such poliq or pol~cies said MORiGAGEE shall have ~ha op~iw~ ~o receive and apply the same on accouM o( ~he i~xlebted~ :
nrsa secvrtd hereby or to permi~ aaid MORTGAGORS ~o retz~ve and use it d an~ part tl~~•+~•of ior otner purposra, ~•.:thout ih_•cu~ wa~.~ or ~mpau-
ing any iquity, lien w right under or by virtue of this mor'gage; and in 1he eveol said MORTGAGORS shall fw any ?eason fail to keep the sa~d premisri so
~nwred, o~ feil ro deliver pr,~nptly any of sa~d ~wi~ucs ot insuronce ro sald h10RiGAGEE, or fail promp~ly to pay lulfy any p~e~nivm thcreior a in'a~y _
respect (ail to per(orm, J~scharge, execute, efiect, con~µ:rtr, tornFly wiih and abide hy this tqvenanl, or eny perl htreof, said MORTGAGEE may place and ~
p-y For s~ch insurance or any parr thrreof w~thout waivirg or affeuing any op~~on, l;en, equ~ty, or ?~~h~ u~Jer a by virtve ot ~hiz Mortgage, and ~F~e
+„!I amoun~ of tach and e~ery suth peymrnt sheil be ~mmcdiately due and payable and shall bear interost irom the date thetcof until paid at the rate of
~ e~ centvm per ann~m and ~o~etf:cr wi~h su:h intrycst shali t~. s~~:wt•d by the I~en Of this rnortgage. ~
To pennit, commit or sufier no was~e, impa~r:nent w deterioretion of said p~operty w any par/ thereof. ~
S. To pay all and sing~lar the costs, charges and eaps~ses, includ~ng a reasa~abte attorney's fce and costs of ab~tradt of title, inc~rred o~ paid
a~y time by se~d MORiGAG~E, trecausa o~ in the event of fhr ia:~wc on thr pert of ~he ~aid MORtGAGOR ro duly, prort~pdy and fully pcrform, d~uharge,
~,ecute, etfett, cemplete, comply with and ab;de by ea:h and every the stipu!ai~ons, agree~nents, cortdilions, and covenants of said promissory note and thi~
morrgage eny w ei~iur, and sa~d costs, cfiarges and e~penses, each and evtry, shat{ tK ~mme~iately due and payable; whether w not there be notice da
mend, atternpt to totlecl or suit pend~~g; and she full amount of each and every such paymem ahall bea. iMerest from the date the~eol until paid ~1 1he
• o~ ~ine per centvm ~.er ar,nu:n; anc ai: sa~d cwn, i~,a:grs .i~~d e,~per.ses ~ncvrred or paid, ~ogether w~th such i~teres?, shall be secured by Ihe tien of this
m o • tgage.
6. That (a) in the event o! any breach o( this Ma~gage or defauit o~ ~he pa~t oi the MORTGAGOR, or ~b) in the event sny of sa:d aums of mo~+e~
h8r@in reFerred to be not p~omptly and lutty paid with~n ~huty i301 days next a+rer ~I,e same aevaauy become d~e end payable, without demand o? notice.
cr (Q in the event each and every ~he stipuiations, agreements, cond+tions and covenants of sa d p~orniswry note and th~s mortgage any or either are no1
i:,'.y, prou~pdy and ~~!ly i,erformed, d,scharged, exrcuted, e}fectrd, completed. comp~~ed wa~h and ab~ded 5y, then in ei)her or a~iy such eveN the said ag
a-c3att sum menrioned in said promiasory note then ramaining unpaid, w~th intere,t accrued, and all moneys secured hereby, shal~ betome due and pay-
eo e forthwith, or thereafter, at the opt~on oi said A10RIGs>GEE, as fu~l~ and co~np;etety es ii atl of tF~e said sums of money were orig~nally s~ipulated
i_~ be pa:d ori suth day, anything in sa:d p.e~n;ssory note w ~n Ihis Mortgaye to 1h~ co:~t.ary notw~thstan~ling; and thereupon w lhereafter at the option of
s~ d MORTGAGEE, w~nc~ut rwt~ce or drmand, su~l et law or in eavity, therefore or thereafter begun, may be prosetuted es if all moneys secured hereby
!:d matured pnor lo its ~nititutia~.
7. That in ~he eve~t that at the beginn:ng of w at any tune pending any su~t uHwn this Mortgsge, or to fweciose it, or to refwm it, or to enforte
;:,.•n•,ent of any ce~ms he•eu~~de:. s,,~d 1dOQTGAG:t shall app~y to the Caurt har:ng ~~,~id:ct+or. thcreof (or the appointnxnt of s Receiver, such Covrt shall
~.:~th.•.itn appoint a r~:e~ver of s;;d n:ertg~grd pro~c-.ty ail a~d s~r:3ular, inc.vd.ny vii and singular t!~e ~ncome, profits, iswea and revenues from whatever
s.-•,~.e d~rived, eacn ar~d every oi wb ~h. ~t b•~~r.y etp~ess!y undt~stocd, is he:rby ~rertgaged as i( spetiiitaiiy set fo~th and described in the granting and
h,b_~nd~m c!auses hereof, and such Recervr. shait ha:e a~! rhe b~oad ar.d ef4ecr:.e fur.cuons and powers in anyw~se entrusted by a Cov~t to s Receiver, and
s.:n appoinrn~en+ sh~i1 be made by such Court as an ad:~,itted eq~uy and a~ aner cf abso~~te right to said MORTGAGEE, a~d without refereoce to the
:-_~•.~;cy or inadeq~asy oi the vaiue of the property mortgaged ar to ~tie so.~ency t•r ;r_o~venc~ of said MORTGAGOR W the defendants, and that such
rs. proiits, incom.e, issues and rever,~es ehall be applied by such Receiver accord~r.g eo the lien w equity of said MORTGAGEE and fhe practice of suth ~
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Cc~rt. ,
8. To du~y, prompt:y and f~Ity periorm, d~scharge, execute, effe.t, complete, cor.:Hly with and abide by tath and every the stipulations, agrcements,
: d;sic:+s and tovena. ts in smd promissory note and th~s mortga~e set forth.
9. TF.at in the e~ent the ownerihip of tne mortgaged prem;ses, or any part therecf, becomes vested in a person other thnn the MORTGAGOR, the :
:':RiGAGEE, its svccessors and assi3r.s,- may, wishout noiice to the tAORTGAOR, deal .vuh s~ch successo~ o~ successo? in interest with reference to this ~
_,;•+~a~e and the debt hereby sewred in the same n:ar.~er as wdh Mo.tyago. withaut in any way viliatirtg or diuha~ging the Mortgagors' Iiability hero-
_•.:i,~ or upoo ehe d_•bt hereb~ secured. No sa!e oi ti.e prem~ses herrby anortgaged and no forbearance oo the part of the N10RTGAGEE or its succeswn
e• ~ss~gns ard no exrenslon ol the time for !he payment of the debt hereb~~ secvred given by the MQRTGAGEE or its successws or assigns, anall operate
; re ease, d!scharge, mod:fy change or affect the or~g+oai liauil~ty of ti~e IhORTGAGOk iurein, eithsr irt whole w i~ psrt. ~
10. h is spec~fica:t~r ag~eed ~hat time is of the essence of tt~~s contract and :hat no waiver of any obligation hereunder w of the obligation sr
__red h~reby sha11 at any tir:e thcreafter be h.eid ro bF a wa~~er of the ~erms hcreof or of the instrument secured herby.
11. In a;id.tir,~ •c t%~n forego ~-7 unfi: 1 pay:e_ rts oi p~~:~c pa: and int•~rest requ~:ed by the promissory nete securtd hereby, mortgagor eovenants
•_~;rees to pay to r.;e•!gsg~e r:.~h rach ~r~,n~h~y ;:ay,.,enr ar. add~rionat svm ei~~~afec! by mortgagee to be eq~ai to 1;'12 of the an~ual cost of the follow-
A-Alf real property taxes 'e.ied or assest_•:i ag;i•tist t~e al;ove dex~~~cd real estate. ~
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S--Pr~~::;~::~< en f~~e ond w~::4~ror~„ ~r.s_~rar,t_ as he:•~~n raq,,;red to oe carn~d e~ thr [r.~provrments siluate on the above described premises.
C-Pra~ni~r.~s o:> >:cn .*~Jrr3age g~ar3 rty ics~r•a~.ce as mo•t~aqee sha~t frcm t me to time deem fit to carry on ihe loan secured hereby. ~
E ?dortgaqce sh, :~~om •s~~° to +~••:e no~~f; n:o~tyagor ;n wrrtmg of ~na a:-.ou~t due and payable hereunder and such sum shall•thereupon be due and
~ ~~;e on thc d.e dare ~i rhe next n;O:ithi~ pay~~,enf and each w~cess~ve month thereafter ur.~i! mortgagee shall notify mortgagor of a change in suc}r~
; -;,nt Such sums sha:i be ap~:ied by inO[tqag'e ~o.tiard ~Le payment of rzai properry taxes, insuronce prem.ums, and mwtgage guaranty insurance
F , _.,um1. _
3 i~l Y~ITNESS '1.'HERiOF, t'r~e sa~d MORTG~.GOR has here~nto se~ his hand and seal the day year first ~fweuid.
~ Sigoed aled a o ered in the presence of: /~,~~~~Q
fILED A!1~ RECOROEO ~~N~~ ac~-~arf
~ . ' . ~ ST.IUC~E~COa TAAS~~. s4
~ FtOC ~ • (Seaq
~ - ~lERll C~ ~CUIT COURT
~ - RECCAC •{cT::-~ED tSeal)
~-:.1~ oF ~~oR~oA ~ 9 v4 ~N'~~ ~B~SQSS ;
- ~~:T,r oF - Dade _ ~ ;
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Be4we me personaify ap~~~ed Dona ld Maehtolff and ;
pellv Machtolff his wife, to me we!! known and known fo me to be ~
• individuals described in and who executed the foregoing instrument, and acknowledged before me lhat they executed the same for the purposes ~
=r _~n e:p~essed. And the said_- POI ~ MaehLolf f
~ ~e of the sa~d -__~L1?
1~S~htQuf upon a separate snd private i
~at~on by me taken sepa~ate and apart (rom her said husband, acknowledged to and before me thaf she executed said instrurt~ent freCly u~d vOlurr
~
. y and w~thout any compulsan, constraint, apprehens,on, or fear of w irom her said husband. ,,a•` . ,74
f v ~ • • ` 1 i ~~.yi. ~ ~
~ tiV1iNES5 my band and o~ficial seal th~s___~_ day of
:r • f `L`, i
j ,
Notary Public in and for tF?l,SAti , idi at_ LaryQ
~ ~ My Commission expires: - : ~ _ ~ : ~ _
~ Retum To: _ v~ , f'~ . p
Frst Feoerai Savings 6 Loan Assyi.,t:on 'at aE~ - ' c'
- ~ l tlvi6=(~ hZ ` ~ C '
Of Fort P.erce. i: ~ ..:;ii.A'~::~7i~tii:fi$ ~fyM~U~` '~~t•_(`\t.w
Fort P~erce. Flo~ida t 1 ~ ~ 1 •'''0`' : '
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~ 1 ~ J {~7+~
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~ r •.~(:t~~1~ .
~ P y ~'o rbes
~ This Instrument Pre ared B tVm. _J.
~ ~irst Federal Savings & loan Association Q R 228 ''f
~ of Fort Pierce, Flo rida 334 50 DOOK PAGE~UQ 1
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~ Checked By ~
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