HomeMy WebLinkAbout0579 3. To pian ar+d co~~inuously keep on ~he build+ngs now w hereafra si~usro on i~id land and on ~II cquipment a~d pasonalty cov~~ed by this maty~
sgs, wilh all premiums ~he~eon psid in full, lire insura~ce in Iha usu~l standard policy fam, in • tum app~oved by ~he MORIGAGEE, and winda~am ~z
ins~rsnc~ in the uswl ~?andard poticy form, in ~ wm ~p{xored by the MORTGAGEE, In ~uch company w companip +s tM MORiGACsEE may
dirtdt ~nd all fi~e and wi~d~brm inswaoce polKies on +ny of ~nid buitd~ngs, any iMe~est thtrein or part fhersoi, k~ tM ~yp~s~~t~ ~um afa~said or ~
In extess thereCf, ~hail cont~in ths uaua~ slandard mo~~gag~e daust o~ such o~her daus~ ~f 1M MortpagN may reqwr~, makinp tM losi under ta~d pO~i~
clee, each end we~y, payabl~ lo t~id MORTGAGEE a its imeresl may appear, and each arx! every such poGcy •hall be prompNy ats 9ncd ~nd delivered to
eny MId by said MORTGAGEE ai further security to said morlyage debt, ~nd, not leu t`.a.~ ten (10) d~ys in ~dvanc~ oi tM ~xpi~~tivn of e~ch policy, to da
I~ver ~o uid MOR~GAGfE a ~~newsl the~eof, ~eqe~htr with a rece~pt fw the premium of such ~enewal; and thero shall b~ no fire o~ windsto~m insu~u+c~
plec~d on ~ny ot ssid bvilding~, ~ny interest therein w part thereof, unlrss in ihe form •nd with the lou paYabb as afo~es~fd; and i~ 1M ~van1 ~ny fum ~
of monty becomet peyabfe unda~ tuch poGty o? pol~cies said MORiGAGEE ihall have ths option ~o rcteive and apply tM sa~++e on +ccwint o( tM indebta~
ntss secwed hcreby ot Io permit said MORTGAGORS to receive and use it p any pa~t therepf ior o~her purpous, without the~eur waiving o~ ~mpair-
infl any equity, lien a r~gh1 un~er or by virtue of this mortya9e; and fn Ihe event sa~d MORTGAGORS shaU fa sny reawn fail fo krep the s~id premises w :
insured, or fail to deliver promptly sny o1 said pol•cies oF im~rance 1o said MORTGAGEE; or fail prompily to pay fuily any premium therefor w in any
resped fail 1o perfwm, diuharge, executa, effact, compiere, comply w~~h •nd abide by ?hls covenant, a any par~ ha~eof, aaid MORTGAGEE m~y place and
pay ~(w such insuroncs w any put thereof withoui waivinp or affcUinp any opt~on, lien, eqvity, or ~igM under or by virtue of Ihis A~ort9a9s, and tht
f~Il amount of each and avery :uch oayment thalf be ~mrnt:d~etety dve and payable and shsll bear intereat frorte t~s data thereof ~ntil pa~d a1 the rat~ ol
n~ne per centum per annum and togetha~ with such interes~ shail tx secured by the lien Of thij morfgage.
I. To petmit, tommit w sui(er no wsste, impairmrot ot deteriorativn of ~a~d property w~ny part thereof.
5. To p~y sll and tingut» the coits, chargei ~nd expenus. ~~cluding a ~eaw~abk et~wney'f f-s and costs of abstrscts of fitl~,_ incvrr~d or paid st
any time by said MORTGAGfE, betause or in the event of ~Fx ia~luro on ~he parl of Ihe :aid MURTGAGOR to duly, promptly and f~lly p~:form, discha~g4
ezecute, e(~Kt, compkte, compty w~th ar+t3 ab:de by each and evety ~he stipulatiens, agreemems, condition~, and tovena~ls of said promiuory ewle and this
morrgage any a e~~her, a~d sa~d cosu, eMrgcs and expenses, eaci~'s~d every, sfiafl be immed~ately due and payable; whether w not there b~ notiu de~
mand, at~empt ro collett w suit pe~d+ng; ~nd ~he full a~nouro of each and rre~y such paymenl shall besc intere~t from IM date thereof until p~id at th~
•-+e of nine per crntum y,ar annum; and all said costs, cnarges and ex~nses incu~red or paid, togetFer with auth intetest, iMll b~ secured by the lien of this
mo~tgage.
b. Thet fa) in t}K event of any breach of ihls Mortgage or defa~it on the part of the MORTGAGOR, w(b) in the evenf ~ny of aaid svms of money
herein referred to be nd promptly and fully paid with~n Ihlrty (30) days next after the same uverat~y aetome due and pay~bi~, without demand or nolice,
or (d in ~he eve~t each and every the stipu~ations, sgrcemenb, condrttoru and covenants of sa:d p~om7ssory nott and lh:s mortyag~ ~ny a either are nol
iuly, promptly and fu1ly performed, d,scharged, executed, effected, canpleted, canpl:ed Y.ish and a6ided by, then in e~tF?er or any such event tht iaid ag
~regate wm mentioncd in said promissory nore then remainii~g unpaid, with interrst ac:rucd, and all mo~eys setured hereby, sFwll betome duf ~nd p~y-
e6ie forthwith, w thereafter, at the opr~on of sa~d M~RiGAGEE, as f~tly and comp:etely as i1 all of ~hc said sums of nw~~y wera origi~atly s~~pulated
to be paid on such day, anything in ~a:d promessory ~te o~ in this Mortgage to she contrary notwithstanding; and flxreupa+ or thereafter at tfie option of
ea~d MORTGAGEE, w~thout noirce or demand, su~t at law w in eq~~ty, ~herefore or the~eairer beflvn, may be prosecuted a if all maroys sec~red hereby
nad marured pnw to ~tf institu:ion.
7. That in the evant ~hat at the beginning of ur at any time pe~xli~~g any su~t upon this Mortgage, or to fwcclose it, w to reform it, or to enfwoe
payminl o( any claims hereunder, said M~JRTGAG:E ahall apply to the Court having ~unsd~t~ion thereof fW the appointment of a Rtteiver, suth Courf shall
i;,-i%,with appo~nl a receivcr of said rm~rtgageci proye:?y alt a:id s~~uiar, incl,id~ng al! and sirtgular the intome, proFits, iswes and twenues from whatever
s^~rce der:vrd. each and every o~ wh~ch, it being cxpressiy undentood, is hereby mortgaged a3 if specifically stt io(th and desa~bed in the graroiny ar.d
habendum c}auses hereof, and such Receiver shali ha~e all Ihe broad and efiectrve func!~a~s and powen in anywise emwsted by a Court to a Receiver, and
s_ch appoint~runt sh~li be made by such Cou~t u an admitred equiry and a matter of abso~ute righl tu said MORTGAGEE, and without refe~ertte to the
adeqvacy w inadequacy of the value of the ~xoperty mortgaged or to ~iie so~v.:~cy or ::~sotvency o~ said MORiGAGOR w the defendants, and lhat such
~e~~ts, profits, income, isaues and revenues shali be applied by suc6 Rece+~er auord~r.g iy the lien w equity ot said MORTGAGEE and 1he practice of such
Court. ' .
8_ To duty,.p:o~tiy and futly perform, discherge, exscut~, efEtcf, comE:~ETe, cornp~y with and abide by each and evcry the stip~latiau, ~greements,
c_ ndit~oru and covenanrs in sa~d promissory note and fh;s. mortgage sat forth. _ , _
9. That in the event the ownership oi the mortgaQed premises, a any part ihereof, becomes vested in • perwn othec than the MORTGAGOR, the
~RTGAGEE, iez successors :nd ass~gns. may, w~shou~ nonre to tne MvRTGAOR, dcai wilh such successor or succtuor in intetest with reference to this
^ u~tgage uuJ the deb~ hereby aec~red ia the same mar.ner as svith ldor!gagor withcvr in any way vitiatiny or discharging the Mortgagors' liability here-
~,der or upon the debt hereby setured. No sa:e of the Frem~ses hrreby morfgaged ar.d no forbsaranee on tha part of the MORTGAGEE p in syccessors
cr assigns and no~ext~-nsion-of the Iime fa Ihe payment oI the deb~ h-.eby secured given b~ the ~hORTGAGEE w ih successors w essigns, slull operat4
ro re~eas~,. diufiarge, nwdify thx~ge or affect thc oriyaial Gaodiy ot ihe MORTGAGOR htrtin, tither in whole w in psrt.
10. H it'specii+u~ly agreed that t~me is of tF?e c;scnce of this contract a~d that ~o waiver of arry oblgaYron hereunder w of tM obllyafioii sa-
c~red h<sreby shaN at any timr th~zreafter be held ro be a waver o1 the,terms h~~eof a of the instrument sscwed herby.
11. In add~t~o~ to ~he fwege'nq ~r.o~~~hl~ payments of princ pal and interest rec~uiied by the prorteissory nore utured hereby, mwtgagor eovenahts
d agrres ro pay to mortgagee w~th rach monrh~y ;;ayrne~zt an addrtionai s~m esrmated by mortgagee to be eyual to 1/12 of the annual cost of tIx follow-
. ' . ' '
, A-Alf real pro~rty faxes ~E~ed ot assessed agai~qt the above dexribec) resl estate. - ~ '
B-Prerr~ums on t~ro and windsrorm ~nwcar.ca as hQre~n req~;red to be carried an the ur~tovements situate on the sbove described premises. '
~ C-Premiums a~ such monflage gvaranty ir.svrar~cr as mwtgagee shail from t~mp ro time deem fif to_ tarry on the loan. secured hereby.
~ Mortgagec shail fiom time to t~me notify mortgagor ;n wriring of tF~e amount due and psyabb.herew~d~.~r and sush wm shall thereupon be due and
( ;~yabie on fhe due date of ihe next ~ZSOnfh?y payment an~ eacfi succesiive momh Ynereatter until mo?igage~ shall notiiy mortgago? of s thange in suth
i oum. Such sums shai{•be epp!ied by mortgagee toward the payme~t of real propeny taaes, inwrance prem:ums, ar.d mwtgage guaranty i~uurance
~ ;re~~'~oms. ~ _ ~
IN WITNE55 WHERiOF, rhe said MORTGAGOR has here~nfo set his hared and seal the day and yesr fint aforesaid. ~
~ Signed, S~eated and delivered in the p?esence of: ~ •
- - a4
~ e Coc~s aAt q
0
T a Coestaatine ~
STATE OF FLORIDA ~
(
' JNIY OF St• LL1C3.@ ~
eefore me personally appeared .1~@s Constantine
_ r{lla Constantine his wife, to me well knawn and known to me to be
rF:: indiv;duals deuribed in an~! who exxuted the foregoing inslrument, end acknowledged before me that they executed the same fw the purposes
r•ein expressed. Arx! the said Tt~a COI1Stallt~ll@
~e of the said _ ~a~B~ C~st~t,fIIg , upon a separafe ~nd privst~
~~.3~i~natiun by me taken separate and aµart from her said husband, acknowledged to and before me that ahe exetuled said instrumeM freely and voluir
-~iy ar.d w~thout any compulsion, constraint, spprehens:on, or fear of or from her said busband.
WITNESS my hand and off[c;ai seal th~s_ day of ~CtO~r - A, p. 19 7'a
~ ~ r
' / Notsry Public in ~~d fw State o lorida at larpe
My Commiuia? expires:
~ Retum TO: / _ h Q
=irst federal Savings d~ Loan Associat~on ~
~ ~ FILED ~?liD RECOROEt . ;
_
Of fort P:e-ce. ~TM Ft,~, :
Fort ~ierce. F:or~d~ sT• p
ER
Pt11T~~.S ~,.:u~iiillili '
- CIERK C1RCUfT COt1~T ~ •'',~`l' E.': S dt
~ RECORD YER~f1E0~.~------ ,
~ ~='J~.
P J H. 8 3 g .p ~
• This Instrument Pre ared B , Robeits ~#~1 Z 3i PH T~ r~` -
~ Fir s t F e d er ai Savings ~ loan As tion a~a.p~ :
of Fort Pierce ~ F ida 33450 • ~ ~ ; ~~r~ .
~ ~
Checked By `~~~02 ~ ~ ~ -
- ORt 3 ~
'~~'~,~i:;~?l::,~
~ y ~ ~ 140x PAGE 5~
_ - - - ~ ~
~ ~ ~ ~
~ ~ ~-y~~~
~ :~,e..~~-~e~~.~;~~~~~'~ayv~ - - ` ,