HomeMy WebLinkAbout2919 3. To plece and continuously keep on the bvi:d~~~c~s now or hereafter ~rt~ere on s.~~d ~ariJ a~~d o~ aL' equ~N~nent and peno~atly covered by this mortg~
ege, wilh all pr~miums thereon pa~d m Fufl, firo ins~r..nc •~n tha ~a~~t s~.u~dord po'dcy torm, in a sum aHp~oved by the MOR~GAGEE, and windsto~m
,nsurence io tAe usval uanda~d poi.cy lo~m, i~ a~~m proved by ihe A~OR1GnGEE, in ~uch company or tornpeniea as ~h~e MORIGAGEE may
d~rect; ~nd sll firo and wlnds~orm ~nsurance poGGes ~n any of s~~d bv~~d,~yi, any i~teres~ therein or F~ar? ~hereol, in the aggreqa?e sum ~lore~aid o~
in excnss Ihzreof, shall coneain tha uiu.~l s~:,nda~d nwrtyige~ clause or iuch orF~er d,~~se as ths Mortgayee may icqwre, me?~ng tha toss u~der sa~d po1F
c~cs, each and eve?y, paya4~e ~o sa~d A1JRIGAGEE as ~ts in~rres~ rt:ay appear, e~xl each ~nd every ~uch pol~cy shall be promp~ly ass g~~rd and dei~vered ~o
eny held by said MORTGAGEE as {urrher sewrity to said mo~tgage debt, and, not !ess than ten (10) days in ad+ance oi the expiral~on oi each policy, lo da
l,ver to said MORTGAGEE a renewal thereof, logether with a re<e~pl for the p~rn,ium ef s~ch rrnewal; an+ thzre shal~ be no f~re or winds~o~m i~suranc~
placed on any of sa~d bui~dings, any intcrest therein or part ~hereol, unlrse ui rhe turm and with the Icss payabte as aforeaaid; and in the evenl any sum
of money Eecomes payable under s~ch policy or po6cies sa~J MORTGAGEE shall have the ophon ro recaivo and appty the same on accovnt of the ind~btrd- ~
nexs secu~ed htreby or 1o permit faid MURTvAGOR$ to reteive ancl use il w arry ~iarl thr~ro( fw o:her FiU~lOlt'S, Y'I~~F10Jt th~~<<~~ w~i.in~ er ~•upair-
ing any equity, lien or r~ght under or by virtue of fhis ~no-ryagc; and in the evenl sa~d MORiGAGORS shall fw any reawn fail to keep the aaid Exemisrs so
~nsured, a(ail ~o del~ver prom~tly any of sald pol~cies of inwrance ~o sa~d MORTGAGEE, or (ail prompNy to pay fu~1y any pre~+~~um therafw or in any
rreprct fail to pe~form, d:scnaige, execWe, eliect, comptere, comply with and ab~de by this covvoanl, w any pa~t hrreof, sa~d MORiGAGEE may piace a~~d
cey fw such insurance or any part thereof w~~hout waiving w affecting any ophon, fien, equrty, or n3hi under w by virtue of Ihis Mwt9age, and tht
E~ :I a~nount of each and e.e~y such paymero shal! be immed~ately due and peyubie and shaif bea~ inte~est from fhe date thcreof until paid at the rate oi
.~~:-e pe~ cenWm pC~ d~tnu~n e~d tuJeih~•~ a•Rh wth in?erest shaii tf:~ secwed by the tien of tftif mOr~9ayf.
J. To permit, commit w wiFer ~o was~e, impainner.t or drter;orat,un of said property o? any pe~t thereof.
i. To pay all and s~n9ular the costs, charges and expenses, includmg a reaso~wble attorney i(ee and cost~ of abst~acts of tiNe, encurred w paid at
~~y time by s~id MORiGAG~E, beca~se or in thr event of the fadure on the part of ihe said MORiGAGOR to duly, p~w.n~tly and f~~iy peitorm, d~scharge.
_.~cute, elfect, co~r,plete, comply wrth and ab:de by each and eve~y the st~pu;at~ons, agree~uents, conditions, and covenanri of sa~d promiswry oote and thit
~~rrgage any'or either, and sa:d co:ts, chmges and expenses, each and evEry, shail be immediatety dve and payabie; whether w not ?here be notice do-
~,:+-~d, atte~npt to collec~ or su+? pend~ng; and ihe ful: amount of each and e~ery such ~aymem shall bear interest from Ihe date the~eof until paid el the
: o~ n~ne per cent~m pcr en~r;ar e:~d ati sa+d :oar;, ii~a:ges and tx;.rnses ~rx~rred or paid, toge~6ar w~th such interest, shall be setured by the lien of thi~
~r.ortyage. • -
6. That (a) en the event oi any b~each of this Mortgage or deFau~r on the part cf the MORTGAGOR, or ;b) in the eveM any of sa~d sums of mo~
h~~re~n ~eferrrd to t+e not prompAy and fully pa,d wi+h~~ fh:rty t30) days next a~tcr ihe sa~ne se,~era'Iy become due and payable, withuut demar,d or notite,
in the event each and every the stipuiat~ons, agreements, condit~au and co~•enanrs of sa.d pro+nissory note and th~s mo~tgage any q e+ther are nol
:~~.v. promptly end lul~y performed, da:ira~g~d, errcu~~-d, eifect~.d, co~nF.~eted, co:npi;•_d v.~rh and ab~ded 5y, then in e~ther w any such evem the said ag-
;<yate sum menrioned in sa~d promusor~ nete tnan remaining unpa:d, v~,ith intcrrs~ acau~d, and all moneys sec~red hereby, shall betame dvE and pay-
e fo+thwith, or thereafter, at the op+~o~ of sa:d MORIGAGEE, as fully a~~d comp;rtely as ii a~l of the said sums of money were w~g~natly at~p~lated
b.r pa;d on such day, anything ~n sa.d pro n,ssory nofe or in fhis hlatgag; to ~he cc~~~~ary notw~~hsia~~d~~~g; and thereupon or thereafter at the opuon of
s d f1~ORTGAGEE, wirhovt no~~ce w dcmarzd, sou at law or ir, equ~ry, fheref~~e or ~hercei~er begun, may be prosewted as if all mo~eys secured hereby
d maWred pnor to ~ts insHtvti~~~.
7. That in Ihe even! that at the beginn:ng u4 or at any t~ne pend~ng any eo~t upo~ this Mortyagt, or to fo~etlose it, or to ?eform it, or to en(orte
,,:ent uf any dai~r.s here~r,d~•r, said MORIGAG.E shall app'y to tne Co~rt hi+,~:y ~~~~sd:ct,on thereof for the a~ointment of a Reteivet, such Court shall
~•.ith appoim a rr,ei~er of sa;d no~r~.~~~d ~.oE~~•~rr a~E and sing~;a!, lrcl;xl.~~q a~i a•~d s~~~7u~ar tr,e income, p~of~ts, issuts and revenurs from whatever
_ _r dcr~,;ed, eacn anJ e,rry uf wi~ ch, ~i br~ny ~xpress'y underswed, ~s herci,f r.,cr,g.iged as if speutically set forth and dexr~bed in the yranting and
~d~m cla~~ses hereo~, a^d svch Recr~.er shait he:e all the broad and er"rec•:.e i~~-,c~ o.;i and pewe~s in anyw~se emrusted by a Court to a Rec.eiver, and
3~pcintment shai~ he m_de by w:h Court as ar; ad~~~itted equity and a mo~~er oi atne~utr r~gM to sa~d Ml7RTGAGEE, and wi~hout re4renee to the
_.,cy er inadrqvacy of t~ie va:ve of rFe preprny mo~tgaged or to tne sor:.,ncy or ~~;o.enc7 of sa~d t110RiGAGOR or the defendants, and that such
•s. proi~ts, incon'~e, issues a~~d rever.~es sh3II be app,~ed 'by such Recciver ac.ord~~,g tu the ?ien w equity of said MORTGAGEE and the practice of suth
8. io dvlr, p'a-~F ::Y and ful~y perionn, du:harge, execute, e~rect, cornplete, cc~~.~;iy w~th and abide by each and every the stipulations, agreements,
.~ns and eov~•na,vs ~n s=~a ~:rc~~:;sso-y r~o!e a:'.d this mpr:~ag2 set forth.
9. it:at in the ev~~~t :h~ o;,r.e~sh:, of ihe n-,ortyaged prem~ses, or any part thereof, 6ecomes vested in a person other lfian the MORTGAGOR, the
R'"v:avEf. ~ts svctcsso:s ar.d ass~~ns, ~:~,y, v, ~ho~t nos~ce :o rhe '.'.OR~G:~C~R. daal w~sh wch wccessw or successor in interest with reference to this
yoge and rhe d_bt herruy secu~ed i~~ ~t~a same ciann~r as .,r~'h h!o•t~ago. •.vrthout in any way vit:ating or d:schargiruj the /~lortgagors' liability here~
or ~Fwn rhe deut her~b~ sec•~<<d No s~'e o' tte Frcr.~s•s htrrbv rner}gagad and no forbearance on the pnrt of the MORiGAGEE w its sueceswrs
s, gns and ~o eare~;:en ef rhe `i:^._• tor ri,c pr~~~.e~~t of ti,e debr F.e~•~by secured given by the 1J~ORTGAGEE or its wceessors or ass[gns, siiall operate
_ ease, d~scharge, modify chang_ o~ atfect rhe cr~g,nal !ia:;.i~tr of tne MORTGAGOR hereirt, either in whole or in part.
i0. It ~s spec~fkaily ~g~~ed thar r~rne ~s of th~ essence of this controcf ar,d that no waiver of any obl+gation hereunder w of the obligation se-
;-~~d hareby sha't at any fi„e thereafter be h~~:d to be a weivr_r of the !e:ms herecf or of the instiumeM secured herby. ~
I1. tn a:il,t:o~ ro +he forego :~g ~nenv'r,:y pa;n-,~fs of pn:,c pal and ~n!erest +equ~red by the pra-r~;sscry nere secured hereby, mortga~or eovenants
ag.ees ro ;:ay to n-,c-+g~g•~e v.~+h ez.:: n ~n•h y pay~ •.ent an adc;.:,ona! ,um cst„•~ated 'ar mortgagee to be equat to 1;' 12 of the annual cosi of t1w follow-
I~ A-A!1 real property taxes iev~ed or esse_, ~d .,gai~~st ai~eJe desc~~b~•d r_al es•sfe.
~ S-Fr~'rt-~~~ns o~ f~re and wi~edsto~~n ~nwrarcr :~s he~e~n requ;red to b~ ca-rl~d on the ~mprovements s~t~ate on the above de:cribed premisea_
~ C-Pre- ~v:~ s on s.~ch ~r.ort~.:gr g~ar j-:ty ~rsur~~ ce as mo•.3a^yec sha~~ ficT ; rr~e ~o time deem fit to carry on tbe loan sec~red hereby.
~ r1!~:tgagee sF~,~i frc~,~ tE:ne to t:>•e ~o: if .r:crg;~cr :n v~r~tlr.g of the a-:a.;~~t dve and payahlo hereunder and wch s~m shall tFereupon be due and
e on the d~e ci.~!e of th~ :~e+t :nc :rhiy o-.;y • rnr a~:d eaci~ s~ccessive ^~enth t~rrcaf~er uctil mortqagee shall notify mortgagor of a change in such
~ S~ct~ wms s~a!I be opp ~rJ try mo•tg-~~,~• to:.a•d the pa~ment of rea'. proFerty !axes, insurance prem:ums, a~~d mortgage guaranty insurance
3
S JTS.
' Ih tiYITPJE55 'v'.'HEREOf, the said MO :.GOR has hereu~to set hi: hand and sea! the day and year fint aforesaid.
~ Si9 - Sea!ed an~live in pre ente of: Jy ^ ~
' t~t ' Seap
~ !
~ tSea~
q - - (Seaq
y
' (Seal)
R - - - - - -
~ ~ ~ ` OF FLORIDA
~ Lucie ~ u~
~;~.TY OF -St• 1
~ Before me personali~ appeared ~l~ Melford Gollniek snd
~ Patricia Ann GOZZfl1CiC his wife, to me well known and known to me to be ~
~ ~:,d~vidua!s desu~b~d in and who executed the foregoing instrument, and acknow~edged before me that they e:ecuted the same for tF~e purposes `t
~ -•~in express?d. And th- s~~a-_____ ricia Ann Gollnick {
~r ,?,e ~a;a _ F iil_Melford Gollnick ~
_ - upon a separafe end private
" nanen by me raker~ separa!= and apart from her satd husband, acknowledged to and before me that she executed said instrument freely and volurr
~ ~ and w~thout any comp~;sion, constraint, apprehens~on fear of w from her said husband.
~ E
Y111NE55 my hand ar,d offical aeal th~s__ _ day of_ _ MaIC q_ p 19 75
_ ~
~ . FI~EO AhJ ~i[CURDEDNotary Public in and for / e Stat of Fiorida at large
ST. LUC'~ COUNTY FLAMY Gomm~ssion expires:
- Re:u.n ro~ ROCEr• ~O1TR~$
:st Federal SaJir,gs d loa~~ Associ~t:on CI~P.!( ."vJiT 1',OURT
' Ui Fe~t ~ AF~r,4'i VF_' - •r7 ~ . . ~ . ~ /
Fort P~crce, Fior~d~ fc(~T . Y F' ' #
~ Ma~ 31 9 44 '7~ h......~. ,....:r w.
= 3t34_~'9p ~
' This Instrument Prepared By Richard K. Kayes ~.ti- '
's First Federal Savin s & Loan Assodation _ .
~ 9 , Florida " Q • :
`y of Fort Pierce
- ti ~ C' G
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Checked B - " r ~ ~ ' ;
`r~~ y; ~ ~ ~.!7C ~ J. f` ~ ~ ± i
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~ _ ~F ~I J 4 ~~~~~~~~=,{•r
_ N i' ~ ~ ; ~ •
~r~yY " '
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