HomeMy WebLinkAbout0898 3. To ptace and continvousiy kcep on the bu~:d~nqz now w hereafrer ~~tuai~ on so~d ~snd and on all equip,nent and perwnally covasd by th;s morp-
+gs, with all premiums the~eon pa~d in lull, fire insuranca in ths usual sundard po'icy fo~m, in a tu~n approvtd by Iha MOR~GAGEE, •nd windstorm
inturanct in the usual ~tanda.d pot:cy fwm, in s sum approvcd by the MORiGAGEE, in such company w tomWn~ss ~s the MORTGAGEE may
direclp ~nd all iire snd winds~orne insurante policies on any oi taid build~n~s, any inlerest tlxrein or part thereof, in tM aggreg~te sum ~faet+id or
in excess ~hereoi, ~hall :oroain the ~:ual sfa~Tdard mortgagee clause w iuch othe~ clsuse ai the Ma~ga3es may requ~re, rrNkirq ~ht Ioss u~xkr sa~d poii~
c~es, each and eve~y, payab~e ~o sa~d A~ORTGAGEE as ~ts intereN may eppear, and each and every svch pol~cy shail be promptly »s g~rd ~nd de~iveted to
any held by sa;d MORiGAGEE as fureher security to said mw~page deb~, and, oot lau than ten (10) deys i~ advancs of ~he sxpirat~on ot each policy, to di- '
live? to said MORiGAGEE a renewal thereof, loge~her with a rece~pt for the prQmium of such .enewal; and there thall be no (ire a windstw~n i~wrane~
plated on any of ssid build'+ngs. any interotl therei~ or part thereof, unlrss in the form and with ~hs toss payabte as afwesaid; a~d in 1Fm eveM any sum ~ ~
of money becomes payabte undr such policy w poliues sa~d MOR(GAGEE shall Mve the opnon ~o receive and apply tl~e s~me on +ccw,nt oi ~he indebted-
neu 3ecured hereby or To permit sa~d /dORTGAGOR$ t0 reCeive and use it p any patt thereol io~ oihor purFOSrs, vntho~t therro/ wa~•.i~~3 .N nnpair• +
i~g a~y equ~ty, lien or r~qht under w by virtue of tt.~s mo:syage; and in tFx event sa~d MORIGAGORS shell for any reason fail to.keep the said premises w
inwrrd, w(ail to del~ver pr~nptly aoy of aaid potKies of insurance to said MORTGAGEE, or fa~; promptly !o pay fully any prem~um Ihe+e+w w in a~y ~
res ect fail ro rfo~m, d~xha~ e, execute, eFfect, com 'e~e, coT I wiih end a5ide b ~htt covenant, a ao rt hareof, said MORTGAGEE ma lace and ~
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pay fw such insurance or any part thereof w~thout waiv~ng a ai(ec~in9 any opt~on, I+en, equ~ty, or right under w by v'utue o( fh~s Matgage, and the '
!ull amount of each and eve+y s~ch payment shal! be immed~arety due ar.d payable and shall bear ~nterest from the date ~hereof un~il paid at the rafe of
r.~ne per cen!um per ~nnu~n and ro~etnr. with such ~.,;errsr sha~~ be sxured by the tien ol this mortgage_ .
1. To permit, commit w suffer no waste, impam~ent a deterioretion of ss~d property w any part thereof. ~
S. To pay a~l and singular ~he costs, charges and expenses, inctud~rg a reasonable atrorney's fee and cos~s of abstrxts of title, i~cvrred or paid af
any ume 6y s~id MURIGAGEE, because w in the event of thc iaiiure on Ihe pan of the sa~d MORTGAGOR ro duly, piompdy and futly perform, d~xhargr.
execute, effect, complete, co~iply with and ab:de by etch and every ~he stipvlat:ons, agreements, condinons, and tovenants of said p~omiisory note and this _
ro: tgage any or e~ther, and sa•.d costs, charges and expenses, each and every, shall be immediately due and payable; whether d not there be notite d~
mand, atre~npf to co:~ect or suit pend;ng; and the full a~nount ef each and every s~ch payme~t shall bear interest From the date thereof umil paid at the
r.uc oi nine pe~ crntum F~•r an~w:n; on~ aii aa~d c~s~s, ctu:yes a~~o rxpenses ~ncurrrd or pa~d, together w~~h such interest, ahall be securrd by the lien o( thu
mortgage.
6. That (a) in the evrnt oi any breach ot this INcrtgage or defautt on tF~ part of the MORTGAGOR, or (b) in the event any of sa~d svma of money
herein teferred ro be not promptly and fully pa~d within th~rry !30) days next a~ter the same severa!iy Detome du! and payable, without demand w notice,
!c) in tha evcnt each and every the st~pu~arions, agreeme~~s, cond~tions and covenams ot sad promissory note and th~s mortgage any a eithe? are nol
~uty, pro~npNy and fviiy Feiformed, d.scharg_~d, e~et~trd, eifecrf~d. tompleted, tornp.~ed .~~th and ab~ded ~iy, then in e~ther o~ any such evenl !he said ag
g~egare sum mentioned in sa~d pronussory note t6en ~ema~ning unpa~d, wdh i:itrrest acc: ~ed, end all moneys setured hereby, shall become due and pay-
ab:e Forthwith, or thereafter, at ~he opt~c'+ o? sa:d MORTGAGEE, as fu~+y and ccmpier~;y as ii a11 ot the u~d sums of money were a~ginalty stipulated
ro be pald on s~~ch d~y, anythinq in sa.d pron~ssory oote or in this Mo:tgage to the con~rary norrvirhstand;ng; and thereupon w thereafter at the option of
said MORTGAGfE, w~tho~t nonce or drmr.~d, s~it at law w in eq~~ty, therelore or thereaher begun, may be proxcuted ss if all moneys secured hereby
ned nwWrzd pr~or to ds insutut~on.
7. Shat in the event rhat at the Leginn~ng of or a1 a~y time pendi~eg any su;t upan this Mortgage, or to fo?eclose it, or to refwm if, or to enforce
~,ayment of any c?a:ins hereunde~, said ilORTGAGE~ sha!I apply to the Co~rl having ~ur~sd~cuon thereof for the appo~ntmeet of a Reteiver, svth Covrt shall
i..rrF,w;;h aF,~o.r,t a rece~•.er oi sa;d rror!gagrd prcp~rty a:! and singu.ar, int:ud.rq „ii a~tid s~ngv~ar the isecome, profns, issues and revenues from whatever
a_~•ce :iar~ved, each a~~d every of wh~ch, ~t be~ng express~y unde•srooci, is he~eby mertgaged as i1 speof~tatly set forth ~nd dexribed in Ihe gronting and
habendum clauses F.er,of, and wch Rece~.e~ shatl have afl the broad and eff~~;ve fvncr.ons and powers in anywise emrusted by s Cou~t to a Receiver, and
s ch appein!ment sha:~ be rr,ade by such Court as an ed~nitted equ~ty and a matter oi a~so:vte right to said MORTGAGEE, and without reference to the
edequ=cy er inadeq~aci of The vaiue of the proprrty rnw~gaged o~ ~o tF.r so.~~ency er ~asoiventy of sa~d MORTGAGOR p the defenda~ts, and thaf such
~~~~ts, profits, income, issues and revenues :ha3; be applied by such Rece~ver accord~•ig ro rhe tien or eq~ity of said MORTGAGEE and the pratfite of wth
Coun.
8. To d~~'y, ~-o-~•F:!:y a~d f~:!y pe~4orm, dis_harge, execu•e, ef(ect, comp~ete, comply.w~th and abide by each and every the stipu:ations, agreemenis,
.ondit~uns and c.,venar.:s ~n +a~d promissory no~e and sr,:s men3age set fo~th.
9. Tf at the e~e^t ~fie of.r.e•i~;p of the mcrr~,~y~~d prem~ses, or a~iy part tnereoi, Eecomei vested in a person other than the MORTGAGOR, the
1.'ORiG~GEE. ~ts s~cc_ss,~s ,,:~c! ass~gns, n:ay, w~~hcct no!.c~ to rhe .'.ORT~;;.pR dee~ .v~~h wcF~ successor or successor in interest wiih reference to this
~.o•tgage a~d ;he d~ct t:rreby sec~red in ri~e same e~ar.ner as VJ~LFI }.1;,rs~,gor wah~ut in any way vii~ating a dischargirg the Mwtgagori liability her~
.oder or upon th~ dei,t herei f s?c~!ed D1o sate of t^e Eren,~s~s herr.by mo~tytgrd ard no iorbearance on the part oi the MORiGAGEE o? its succeswrs
er ossig~s and ^o ~~xrens~or, ot tAe hm~ for rh~ }.ayrent of ~t~z drbt F:ereby srcured givrn by the ~~40RTGAGEE or its succe:sors or assigns, snall operate
ro re?ease, dacha:ge, mod,fy c!,~nge or affeU ~~e erlg~nsl ilau-.~ry o4 tne N.ORiGAGOR i~erein, either in whole w in parf.
10. It is spec i~c,;~~ ~q*eed rhat t~me is of the essence of rh~s con!ract ar:d ~hat no waiver of any obliganon hereunder or of the obligatan se-
r~red hareby shat: a~ any fi~,e ~'r.r,reafter be he!d to be a vle~ver of the !erms hereof or of the instrument secured herby.
11. In a.~3 t. , ~ fo ine 'oregc -~~o: rh'v ;:,i:r~_•nss of p:1::c pai and i~~rerest requ:ced by Ihe promis-,ory ~ore secured hereby, mwtgagor tovenaots
=~~d ag~ees +o , ay ~o ~,errg?gee v.~~h rach .n~n+h',y ;,a,~ •ent an ~:Id •:cnal sum ~-sr:. ated by mortg~gee to be equal to 1! 12 of the annual cost of the fotlow-
A-A~I real proµcrty taxrs ~rri~d or ass~~ss~u ag,~~ s~ t!~c aoo.~e oesv~~ed rial es•:,t~.
6- Fra~: rrs on iae ar~ v:i~zds!~:m ~ns,~~ c~ as ~ere~n ~eq_:.ed ~o be car:~• d e~+ the improvements s~tuate on the above dssuibed premises.
C-Pr~~~-.~v~~~s o~ rxn morfy;oe LJud~3~11y :^.SV~~~'? as mortu~~ee shail t:o~c r•ne to t6~e deem fit to carry o~ the loan secured hereby.
. .L1o~t~ayeC shal~ f•c:,: t~rr.c ro r~me n;tif~ „o~t~~~~~.n ~n v.rn,ny of tne a~~ov~t d~e and payable hereundrr and s~th sum sha~l thereupon be due and
:~yable e~ rhe d.~r o.;r-~ ~of ~ne a_a~ -no: s~::y pay~,~ent a~.d e~ch successfve :no^.th tnereafrer ur,til mortgagee shall notify mortgagor of a change in such
e•ounr_ $~ch sums sE~a:l i:e a=r~!ted 'c~y n,o~tga j~e ~o::ard Nre payment of reat pro~~e~1y taxes, insurance prem:ums, and mortgage guaranty insurante
emwmt. ~
Ij IN :'117PiESS YiHERzOF, th~ sa~d M,JRTG:.GOR has hereunto set h~s hand and seal the day and year fint aforesaid_
f
~ Signed, eated and detivered in the presence of: e/ ~ /~C .
' kee.C an ~ ~
~ ic ar . onig
! - (SeaO
~ - - - aren ~ . onic~ s~aq
- ~ - Seaq
S'ATE OF FIOR A +
S ~uc ie
C,~tiNTY Of ti 1 ~
Before me personeliy aPPe3~~d ~ichard F. Konig
and
_ Karen Koni g his wife, to me well known and known to me to ba
rhe individ~als descr~bed in and wFw exec~ted the foregoing instr~rrent, and acknowledged before me that they executed the same for the purposes
!h°.•ein ~zp:CS¢~. /1nd thA :a~d..-_--__- Karen M~ Konig
f~~{e of the sa~d _ ~ichard F. Konic~ _ „~w, s uparate ad private
c..am~nat~on by me taRCn separate and apart from her said husband, acknowledged to and before me that she executed said instrument freety ~nd ~volun-
ra-+iy and w~thovt any co~,p~.sion, constraint, apprehena:~o~ or fear of w from her said husband. ..~:r:,.
s NIT~:ES$ my ha~,d and cific;al seaf this_ _---~t/~_----- day of_ Fehtlt3ry .t '~~?'~~1,~
. ~ •
Notar Public in o? the State c,f F "
My Commission xpires: ' ~
Re~urn To: ~ ' -
')'~-2~~97 ~ •v c;=
~irst Federal Sa+ir.ys a Loan Associat on b
Ot ~ort P r. ce. , b'•~ ~J ~
fort Pie,,e. Fic•;da ~Nr
~F'
f lE0 ANO p •
WCIE CQ kTr F~A , ' „ ~ "1' •
' ~!E ~OER POitRAS ~
RFCORD K C~~CUIT COURT ,
This Instrument Prepared By G~zry F. Ellwo~d ~EPfFlf01~!''
First Federal Savings $ loan Association
of Fort Pierce , F lor i cla ~e
Checked ey ~
pG~O _ G: R ~.W P~CE ~~~2~ ~ t .
~ 4~ ~~~o 4 7 6 6.,~K i.
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