HomeMy WebLinkAbout0057 3. To place and conti~vousiy keep on the bu~:d;ngs now or heraafte~ situ~te on said ~and and on ali equipment and pe~so~aliy covered by this matg-
ege, wi?h all premiums thereon pa~d in futl, f~re ins~rance in the usual srandard po!icy form, i~ a sum app~oved by the MOR~GAGEE, a~d w~~cl~torm
~ns~rance in tF+s usual sta~~dard po~:cy form, in a wm approved by the MORiGAGEE, in such cbmpany or companies as ~he MORiGAGEE m~y ; i
d~~eU; •nd 'ell tire and wiodstorm inswante po~~ura on any of iaid tw~Id:ngs, any in~erasl Ihereio or part thereof, in th~ ~gyregtle sum aforeseid or i
~n eacesi ~hereoF, shal) con~ain 1he ~sua~ srar.derd morTyagee clause or such o~F+er clause as ths Abrt~ayes m~y requ~ro, maliry Ihe Ioss unJer sa~d pai-
c~es, each and overy, payobte to said ~~JRiGAGEE as ~b int~rest may appea?, a~d each and evzry wch poyp shall be promptly ass gned arxl dat;vered +o
a~y hetd by sa~d MORTGAGEE as f~~rt}wr security io tiaid n:or~9age debt, ond, oot le~s ~han ten (10) d~ys in advance of the expirat~on of each pot~cy, to da
l~~.er to said MORTGAGEE a ronewal thereot, together aith a rece~pt for ihe premivm ol such renewal; a~d there shatl be no f~re or windstorm ins~rancs
ptnced on any of said buildings, ~ny intere~t therein Or pe~t thcreof, unlrss in +he form and wifh the loss payable as aforesaid; and in ~he event any sum _
of n:ooey 6ecomes payable vnder such policy or poi~cies said MORiGAGEE shall havs ~he opt~on 1~ receive and apply the same on account of the ioclebtad j
ness secu~ed hereby or to prrmit said MORTGAGORS ro rece~vs and use it w any p~rt fi~rr~.of ror otnev pur~~cses, ~vahout ~hrreo~ waivl~ig ~~•npo~r- }
iny any equ~ry, lien w riyht under a by virtue o~ this ma!gage; and in the event sa:d M0~2i(3AGORS shall for any reason fail fo keep the sa~d premises so
nsured, or fail to drlivc~ p~anpdy any of said poi~cics of in~urance to ~ald MURTGAGEE, o~ fai! p~ompNy lo pay fully any premiuin ~herefor or in any + 1
rrspect Fail ~o pertorm, d~xharge, e:etute, et(eU, cumplete, comply wi~h and abide by Ihis covenaN, w any part hrreof, said MORTvAGEE may place a~~d ~
par iw s~ch insuran<e or any part thereof withcut waivi,ig or affecting any opl~on, lien, equ~ty, o~ right ~nder w by virtue of this Mortgage, and Ihe •
! a.v.;nt of each and e~ery wch payment sh~!I bt u:ur.ed~ately d~e and payab!e and stiall bea~ ~nte~est from the data thereof ur.lil paid at the rate of
~ e per centum per annum ond togeihrr ~nith such ~ntorect sh3i~ be setu~ed by 1he f~en of this mortgage.
To parmif, commit or wffer no wastr, impairment w dcterorancn of sa~d property or sny parl the?eof. •
5. To pay all a~d singu~ar the costs, charga and expensef, indud.ng a reasonable atiorney's fee and costs Of absttatts of title, incurred or paid ~t
; ~~~*e 6y said h!URIGAG,E, becaus^ cu in ~l~e event of the fa:lwe on ihe part o! ~he :aid MORTGAGOR to duly, prampily and fuily perform, dncharge.
c~te, effect, cemp{ere, comply wJh and ab.de by eacfi and every the st;pulat~ons, agreements, conditiont, and covenants of said prani;aory note a~ed this
~ cr:gage any or e~ther, and sa~d cosn, charges ond vxpenses, each and avery, ihall be immed~atety dve and payable; whethe? p not there be notice dr
atrempt to collect or svit pending; and the Full amount oi each and every such paymrnt shall bear intere:t lrom ~he da~e thereof until paid at the
_ n~ne per ccnt~~n per on~:~:n; anc aii sa~d cosrs, charges and caµnsrs l~:tu:rrd or paid, togelher w~th suth interest, ihal) be setured by the I~en of this
•
c;•tgage.
6. Tha( in the event oF a~iy b~each oI this Mcrtgage or d~fautt on thr part ef the MORTGAGOR, or (b) in the event any oi sa;d sur-~s oi money
~ re~n referred to be not promptfy and futty paid ~virhin ~hury (3~) days.nrxt afte~ ine same severatly bec~x dve and payable, without demand a notice,
~(c} in the event eath a~d every Ihe stipuiaT~ons. agreemeMS, cor.d~tions and tovenants of sa,d p~omissory note and th~s mortgage any q eithet are not
cromptly and fu~ly petformed, ds,harg-d, ex:wted. eff~cted, comp:e~ed, comp;,ed v.~fh and aE;ded by, ~hen in e:ther w any such event the sald ag-
;•_~ate wm men~ioned in sa~d prom~ssory ncte ~hen ~e.;~ain~ng unpa~d. w~th intere;t aca~ed, and all moneys secured hereby, shall become due and pay
~ forth.vith, or thereafrer, at the cpr~on o4 s,~d ,1+tvR1GAGEE, as fvlry arxl co~,plrteiy as i1 all of the said sums of money were or]qinalty stlpu:ated
F~_= pa~d on such day, any:h~ng in saa cron~sscry note er in ti~Is Mortgayr ~o ~!~e conr.aty nohvithstanding; and thereupon w the~eaftcv at fhe opt~on of
.:1 r:.pRTGAGEE, :.:r!.,~f nU}~ce or d~ma sd, s~~t at tew cr ~n equ~!y, tiieretore or ther~aitcr bcg~n, may be prosecuted es if atl moneys setured hereby
c :i ~~~atured pr~or 1C ~ts inslitut~on. ~
7. That in the evem that at rhe be3inn~ng of or at any tune pc:~d~~~g a~y w:t ~pon this tilortgage, or to foreclose it, or fo reform it, or to enforce +
..^,~nt of any c+aims hereunder, seid MORiGi{v,E shalt epply to the Couri ha:;ny ;u~~sd,cc:on thereot for the appo~ntment of a Receiver, such Court shall
.:nh appoint a rzcei•.er ot said n,er!gagtd prcY_rty ati and s~ngv~ar, irr..rdng a~f :.~~d s,nguiar the income, p~ofits, issue~ a~d revenues from whatever {
•.;,r d,.•rivrd, ea<_h and every of wh.ch, n~~ng eapressty vncie+stwd. ~s 6er•.•'ty r~or•g+~ed as if speuiicaVlY-set fath and deavibed in the granting and
^nd~m d~uses nereof, and such Receiver shall he.a a~~ the broad and eiiec+~.-c fu^.c• o~~s and powers in anywise entrusted by a Covrt to a Receiver, and
s_!', apFoin~m,ent shall be mada by s~ch Ccu•t as an adm~tred eG~~ty artd a r a!rer of a~so~ure r~ght to sa]d MORTGAGEE, and witheut reference to the
;;,~~y or inadeqvacy of the val~e of the prope«y R~ortgaged o~ fo th~ so.~e: -y ~r ~~:;u.ency ol said MORtGAGOR or the defendants, and ihat sucfi
~s profiits, ir.corne, iss;:es and revenues shal! 5e appl~ed by such Rece~ver ~u~~r:i~:~g to the {ien o~ equity ot said MORTGAGEE and the practice of such
_ - ~;rt.
B. To du'y, promptiy and (ul~y perfurm, d~scF~arge, execute, effect, co~ .r^,.!ete. c~mply w~rh and ab~de by each and every the stiputations, agreemeots,
_i:•~ons and covenants ~n se~d promissory note a:~d tn~s mortgage sef forth.
9. Thar in the eoe~t rh.~ ow~ersh p of rhe m~rtgaged prema=_s, or any par~ tncreof, hecomes vested in a peraon other than the MORTGAGOR, the
. vCr_P.vE~, i+s wcccssus a~ci a:s:~r.s, -nay, r.:~he„+ +~c!:c< to rtie '~;U~'•`vti~R, dc•,~ ~~:h such successo~ or s~ccessor in ~nterest with reference to this
y.:ge acd ~k~ d_bt hereCy se.v~ed in the 53^.12 ncf as in-~th :!ort~~ger ~e.thout in any way vitiati~g or diXharging the M7rtgagors' lidbilily here~
._r w u;;o~ th= d_o~ he~eb; s^:~~red. ha sa.e o~ ti•:: ~•re:.~ses hrrro: mcrtgayrd and no forbearance on the part of the MOR7GAGEE or its successors
~.s; gns and r.o cxtens:o~ o! the ti~r,~ For the cayrc.ent of the debt her_•b~ sec=~red given by Ihe MORTGAGEE or its successws or au~gns, s7~all operate
~.ase, d.scharge, modrfy change or atfect fhe o:~g~nai i+au,'~~ty of ~he M.CRiGAGOR herein; either in whole or in parL
' i0. It is spec .'~c~~.y aoreed that t~me is of the esse~~ce cf th~s co^:ract and that no waiver of any obl~gation fiereunder or of the obtgation sr
z. rc~i here6y shah ar any hme thereaher be r.eid to te a we~+er of the !erms fereof or of !he instrumeM secured herby.
lt. in auJ.t;o~ tFe r~+_go:•~ r-,o-.+~,'~ p.~:•- .as ot F-~ cp~I and ~n~erest requ~red Ly the prom:ssery no!e kcu~ed hereby, mortgagor eovenants
~ ~..;rees t~ pay to ~^or+g~~oe ..~!h rach. r.;c~•~ :'y r-~;•-enr an aud •~onn! s•r~, ~•s: s!ed bi mortgagee to be equal to 1/12 of the annual cost of 1F~e follow-
` . !
t A-A:i rca! F~.ropc•tf t.i,aa 'tvi:c'. o! assees~,ci eg~~-:sT th_~ ni>ove d~,sc•i;,.d reat es!~te. F
~ E- fn;~i ~~rs o:~ i,rc ar.•~ wi:~ds'o~:r .nsu~:~~ v. a: iir•,~r. mqu;red to Le corr.c~d on !fie [mp~ovemeots sii~ate on the abOVe described premises. ;
~ r-_p~~.,.,,.~,,,s e:~ ~och rror~~,ge ~j_d~3^.'y !r5~~'s! r5 mo~toag~? shall f,-c~n t:re to ;~me deem fit to carry on iF;e loan sewred hereby.
€ tAorrgagea s^,'~ s~c~: t~~~.e to +~~^e ncr f; n_. ~c~ ~n w:~nr.g o! tnz a: o:~t d~e and payable hereundrr and such su:n shall thereupon be due and
€ ;~'e on rha due c~t~ ci ~h= n.•~r ^,a~r~:~ ~~;~~~'~,r a:~d e~ch successive mqn~h rnere~fter ucrit mortgagee sha~i notSfy mortgagor of a change in svch
€ S~ch sums s1 z:I !;e appl~ed by m~origog:c• ~c:.ard rhe pa~ment of rea~ prc~er~y taxes, insurance prem:ums, and morrgage guaranty insurance
_ ,,-,5.
~ IN iYfT~JE55 :+'H=REOF, the sa~d MOB7GAG~~ has here~~to :e• h~s har,d ar,d seal the da and year fint aforesa~d. ~
~ Signed, Seated and defivered ' the wesence o!: 4
~ _ ~ LCK~ a~~ ;
~ . cob . `-1t~r. ~ak an
2 ~
-J--- Seal)
j ~~J~~3~~~~~+~Q! . P 11 T1 c~ ~1 U il Ff (Seap
:
~ OF fLORIDA ~ }
SS.
~ ~':tY OF _ C±__~_LICIC' - ~
~ Before me pe~sona{iy zppeared __s`'•r~b_~~____lunyak ,,,d
i~C~ u~line I.. ~tun :+k ~
~ y his wife, to me well known and known to me to be
a -~ndividuais descriced En and who exec~ted the ferego~ng instrurnent, and acknow:edged before me that they executed the same for the purposes
~ ~ .•_~n express>d. And thP :3~a_-?~'ce~ue2inc~ . >tunyak
_ _ of the said __•7~CO~J Z `tl1`l~~~rC-- -
vpon a sepsrate and privats
_ nat~on by me taken secarate a~d apart from her sa~d husband, ackno~.vledged to and before me that she executed said instrument freely and voluo-
and w~thovt any compuision, constraint, apprehe~en, cr fear of or from her said husband,
- '.Ylirv~SS my hard and off~uat seal this. day of__ re~TU~iT A. D. 19 ~ S
Notary Publ~c
i~
a for the State of Florids ai large ~
I.1y Commission exbires:
Retvrn To:
Nowry Put~lie. Sroh of Florido ar lar~
i~~st Fede.al Sa~in s 3 laan Assoc;atlcn
'r~ 3 Mr Cowwnistien fapires Jufy 2Y. 1977
Oi Fo:t P.eree. . ~
eo~ere br wme.:ca+ F~.e a euausJr~ c:o.
fo.t P~e.ce, f(c•~e1a 'i ~
f IlEO AN COUMt'( f U• 1
_ S1.lUCtE- -~;TR~S ~
RGGE~ OUaT ~ ~l
_ This Instrument Prepared By G~ ry F. E l lwoci+'~ C~ _ _ ~~EFiK =u~t ~ 3
;~~j First Federal Savings 8 Loan Associa!ion = r: u ~ '=1 RFGOR~ ~~"`~'Lfir~! t
of Fort Pierce --1~-i~~-: ; ~ ~~5 '
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