HomeMy WebLinkAbout2162 To ptac~ and contirwously k~ep on ~M b~~:d~nqs now o~ hrtea.`tN fituaN on said i~~rJ N?A on dl equ+p~MM a~d peno.~aSly corered b1? ~his n~«tp-
.g~. wirh ali p~~miums ti+Neon p+,d in tuil. f~n i~wraate ~M us.iai a.nd~rd NoiKy f«m. M• su'n ~PP'ored a? ~ fAORiG:~GEE. •nd wind~tam r, .
~nw~r.~ce in ~M usual s~•r+da~d pa~cy fam, in ~ wm approved b~ rM MURiG~?GEE. ~n such ca~+psny or tomP+~ tM hWRIGAGEE rway
d~rec~; and ~!1 iGe and w~ndsarm inw~+~c~ po+:cies on any of s.+~d bu~k/~rr+s..aoy i~tertit Iharcin a pa•l M+ar~of, io ~Ir ~•e~+?e +w+ aiwes+id or . ii
in eacrss Ihereof. shall comain ~M uwal sla~xJxd mor~gsge~ cisuw u such o~he~ d.u~ as ~M Ma~pagN ~n+y reqvu~. makir~ N?~ 10» unda sa~d Po~i~
cies, each and ~rery. paY~b}e to s+id ~?IGRiGAGEE aa Sts ~Nrrest m~y eppear. ~nd cach end eve•y ~uch pol~cy shill be p~omp~ty ass g~~cd a~+d ds:`vo+ed ta t f
eny held by said NORTGI?GEE u further secwity to said ~no+taag~ debt, ~~ul, no~ le+~ thcn ~e++ (i0) days ir? sdrance of tl+e tspH~t~on af each po6cy. ~o ds-
l~~a~ to s+~d A10RTGAGfE a renewaf roe~cof, ~oqcthsr w~Th a retrp~ tw ?Ae p~.~~:um of s~Kh .enewal: +nd tnr~e ihall b~ no f~r~ w windsta.n insw+~c+ ,
plscrd on anr of said `~vil~inps, any interssl there~n w p+rl ~herrof. un:rsa in tha torm ~nd vriih the lou payable ss afwesaid: and ln ~he •t~nt any wm
o! mon~Y becanes p+WEle vr+da tuch po~icY o~ PalKir~ seid ~ORiG~?GEE s??sll Mvs rM opl~oo to receiw a+d app~i the same o~ +aowu o~ ~ht in~btsd~
ness s~cu«d hereby a ro pe~m7~ sa~d MCRTGAGORS to ~eceiw and us~ it w any part duarol tw orh~r pur}vsri. v..riwtit ~he.e:,~ waw~y or „npair• ~
ing a~~y V~~ty, lien a ryht under w by virtue of this mo:'gs9e: and M ~he ave~+e u;d MJRiGAGORS shall fw any ro~son f~il to keep tha s~~d p~emises so ~
~nsured, w fail a det~ver promptly any of s.+id po~:cirs of insur~n:t lo sa3d MORTGAGEE, w fail p:a++p~~y to pay fully any p~e~l~um th~efor w in a++y ,
rrapec~ fail to pe*fo.m, discha~9e, execute, e~fcct, complete, comp~Y wi~h a.-~d ab~~fe by ehii covan..nr, a anY psrt hercof, sa7d MORiGAG~E m.ay p~~ce a~d .
pa; fw :uch Tnsu~ance a any parf thereof w;thout waiv:np u•ffecrinp any op~~on, tien, cquny. w righ~ under u by v~rtw of ~I~is Matyage, a++d +he
f~fl amwnt of each ux! erery s~ch paymant shal! be immed~atety due and pay,?61e ~nd shall bes~ imerest frxn the date thereof un~i! pa~d at the rat~ of
~~•~.r pe~ cenwm pe~ ar.nurr. and ~o~rtlur w~th wch 1n:r.ese snali be secvrrd by the I:en of this mort9ape•
4. To permit, commit w suf(er no waste, impa~~~nent or deterioratan of said proprrty a a~y pa~t thereof,
S. To pay ap and singulsr the cosn, cha~ges a+~d e~penxs, includ~ng a reasa~ebte anwney's Fce and cous of sbsrrscn of f:He. incwred w paid ~t
nny time by aa~d MORiCaAGEE, becawe o~ in ihe ~ven~ of thr fa;ture on the part of ~he said 610RTGAGOR to duty, promptlY ~nd fully psrfum, d~xhargR
eRecute, aifett, compte~e. co~*p~Y w~th and ab:de 6y each and every tAe st~pulat~ons. sgreements. ca+ditions, and covenan» of said promisswy ~+ote and ~hi~
rro~rgage any w ~~ther, arx! sad costs, charges and expenses, exh i~ lYYY. shalt be im.ned'utety dve and paysble: whether a not thaf bt notKe dr
mand, attempt to co:lect or wi1 pend:ng; and ~he fvlt amwnt of each ~nd e~e~Y wch W~~^em sh~ll bea. ims~est from the date tM~eof until paid at ti+a
r..re oi nine pe. crntum pse: an~:~m; and a:t said cous, :haigrs ancl ex;>rnsrs ~~currrd or pai~, :u9ether w~~h such interest, shall bs stcured ~y 1M t~en of th~s
mortgage. •
6. Thst (a) in ~l~e ever+! of any lxeach of th~s M~rtgage w deiautt or ~t~ pa~t of the MORTS'aAC-0R, a(b) in the event ~ny af ta~! svms of money
h~rein refeired to be not promptly and fully paid w:thin thi+ty (30) days next aiter ~he same uvera~ly becane dus ~nd payable. without dem+nd o~ rotice,
or ;c) in the event each and every the stiputat~wa, agree+nent:. cw~ditions and coven~nts of sa:d p~omisswY note and th~s mw?g+9e any a e~ther are nol
i:,iy, promptly and f~ily performed, d:xharg.d, execu~ed, effected, canp:eted. comp+ied with and abKled by. then in e~ther w any such eveM ~M s+~d
g-egate wm menrane~ in sa~d pran~ssory note thcn remainir+g u~paid with inse~eu ecu.,ed, and a!1 moneys secured hereby, shall bCCOme dw and pay-
eb:e for*.hwith, or thereafrrr, at the oprion of sa~d MORIGAGEE, ss fully and completely as il all of the sa~d sums of money we?e agin~lly st~pvlated
ro be pa+d o~ such day, anything in sa:d pro-russory note or in this Mwtgage to the con~~ary notwithatsndi++p; snd tMreupon ot the~eaha a/ tM op~~on of
MORTGAGEE, w:~hout ootKe or demand, suit at taw oc in equ~ty, therefore or ~hereaf~er begun, may be p~osea+fed +s if all awneyt secured herebY
r.;d matured p~wr te ~fs inslitutwn_ .
7. Thai in the event that st fhe beginn+ng of or ~f any time pend+ng anY su~t upcn rhis Mortgage, o~ to fweclose it, w to reform it, a to enfwce
~r,mC~! of any tiaims he.evnder, r~~d MJRTGAGEE shatl apply to ~he Ca,n h~~~r.g ~wnd:ct~on fhereof iw the appo~ntmenl of ~ Receiver, such Coort shall
ic•.h.virh appoiM a receiver oF said mortgaged ~o;~•_~ty al{ a~d singu:a~, inc.udng a~! a:.d a~ngular the income, prof~ts, issues a~+d revenues (rom whatever
s_ _•ce derivrd. each and every of wh~ch, i+ bel~ exp~ess'y unde+stuod, is F.e~eby mo:rgagrd ss if spec~fic~lly set fwth and described in the y~antiog and
%,ncendum ciavus hrreot. and wch Rece~v~r sha!t Aave a~l fhe broad and eff~uive funcs.w~s and powers in anyw:se entrusted by a Court to ~ Receive~, and
~_ch nppointment shatt be made by sucA Covrt as an admi!red equ~ty a+u1 a rca:rer of absolute righl tp said MORTGAGEE. snd without refercnce to the
a~+eq,:acy or i:+adequacy of the wlue of the property mortgaged or to tfie so:vency cr inw'.vrncy of sa.d MORiGAGOR w the defeod~~ts, ar+d ~ha~ ~such
re,rs, profits, incort~e, issues and revenues sF~,?11 be app:~ed by such Retr~.er auord•.~g ~c tRe I~er? or equity o( said MORTGAGEE and the practica of suth
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Court. _
8. To duly, prompt:y and fully perform, d:scharge, execute, eftect, compkte, comply with u~d abide by eich arid every the stipulations, sgreertrcnts, ~
;o:;ditiom ard covenanrs in sard promisswy note and this mortgage s_t fwth_ ~
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9. That in tt+e event the owRership of thz mortgaged premises, o~ any part the~eof, becomes vested in a pe:sw~ other th~n the MORTGAGOR, the s
A'~RTGAGEE, in successws and asvyns, may, wi~hout no~~ce !o ~he N.ORiGAOR, deal w~sh such wccessor w wccessor ir? in~erest with ret~rente to this
.~o•tgage and Ihe debl hereby secvred in the same mann:;r as wi~h Nbrlgagor without in any w~y vitiatiny or d~scharging the Mwtgagori ~isbility her~
:•~~~e~ or upon ~he debt he~eby secured. No sa'.e of ~~e Fremisrs M reby mortgaged a~d ~+o fwb~arance on the pah af ~he /AORTGAGEE w its wccesson
c~ ass~gns arid no extension of the time fo~ the payrr.ent of the debr hereby securrd give~ by the fAORTGAGEE or its successors or auigna, a1ia~~ op~r+~Q
ro re~ease, d~xharye, modify charge or effect tne or~y~nal liauniry of the AiCRTGAGOR herei0. e~ther in whole or in part.
10. It is speu(icalty ag~ced thal time is of the essence of this concract ar.d that no waiver of any obligation herew~ or of the obligatwn so-
~_~ed hereby shall at any time ~hereafter be hetd to be a wawer of the terms hereof a of the ins~rumero secwed herby.
11. 7~ add.r~o~ to the forego'~~ month!~ aayrn^nts of a:ir.c paI and ~~+r.eet requ~:e3 by tFx p?oT~swry no?e secured l~ereby, mortgagar tovenanri
~•~d ag~ees ro pay ro m.o-t9agee vcish each mor+rh:~ ;~;^ent an add~rEonat sum est~mated by mwtgaget 1o be eq~al to 1 j 12 of Yne annual cos~ of the loilow-
, A-ASI real property tsaes 1e•ned .:r asses:c~ egai•,se the dbOVe desczibed rral estatc
i $-Pr:m~umS or~ fire and w~r.ds~orm ~ns•~rar.ce as ce:•-~n requ:red to be carrced c~ the ~mprovemeats s+tvate on the abore desa~bed p?emisea_
C-Prem~~ms on such mor?gage gvara~ty insv-a-.ce as rr-o•tgagee s!~ai~ fro:n r:r.e to t+zne deem iit to carry on tF+e loan secured FKreby.
tl.ortgagee shal from time to ti:ne norify mcrsy,;gor in v.rit~n~ oi the amou^t dve ar+~ payabfe herevndrr and such wm shall therevpon be dire and
. ,:,'e on the due date of th> ~~at T,a~rh:~ p3yment and e~cfi successive ~*:o~th thererfter unt~l rtwrtqagee shall notify mortgagor of a change in wch
= o•..nt. Such svms shall be applied by moregag~e to..ard ~he aaymenr of real prope.ty taxes, imurance p~em:ums, and mortgage guaranty insurance
_ ~~,~.:ums_
Ih7 :VITNESS NMEREOF, the said M08TGAGOR has hereunfo set his hand and seai the day and yeu fint sforesaid.
Si9ned. Sealed and dei:ve~ed in the prese
jnce of: / - ` .
1/~ ~Lyy
- . era .a s ~
I .e
0
rances . . er s
, rs~q
S~ATE Of FLORIUA t
SS_
~~urarr o~ St I_ucie 1 ~
~fa~ ~~~,~r ,~a,C~ John P. V eraka s ,~a
FYanCeS '1 VerA~CaS his wife, to me well known and known to me to ~
;h. individua:s deuribed in and who executed the foregarg instrurrxnt, and aclcrwwtedged before me that they executed the same for the purposes
rhere:n expreued_ And the said ''rances ~r1 Vezakas
.:~fe of the said ~ 1o n p V¢Z8ka5 = upon + separNe snd pi~varo
_ a~:+ narion by me taken separate and apart from her wid i~usbas?d, atknowledged to and belore me that she exetuted ssid instrvment freely and volw~-
y and w~thout erry compuision, constraint, apprehen~s: n,~ ,o~r/fesr of w irom her said husband.
WITNE55 my han~+ and official seal this_-1~ day of ~J~[lt@GIb@Z ~ A D. 19 7'4
.~~c+~-~tu~~ ~ ~ Lt~/
Notary Public in ~nd for the Sta f Fiorids at larpe
My Conuniuion expires: / D ~ ~ 7G
Rxtur~ TO: ~~~t11t4l711Jj
, l
First Fcd¢~al Savings a Loa~ Assoc~ation , ~f~
Of Fort P.erce. ~ s-,:.•••
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' ~ ~ ~Y i
Fort Pie?ce. FIc*~da p AND REC~
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i~~'EC° T~?s - `en~':ti';;
;
C~EA~ ~ RC~~ COtl~ `
VER?f1E0 '1 ~
This Instrument P:epared By Mlon. J. Fozbes RECORD
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41 ~ ~-f h, 0 r_ ; t
First Federal Savings b Loan Association , 1
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o f F o r t P i e rc
e , F l o r i d a 3 3 4 5 0. ~•'~'~C
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2~.Q90 . = " ~ . ?
Checked By ~
b00K~1 PAGE~S~ , r.
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