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HomeMy WebLinkAbout0118 3. To place and continuously keep on ~he bu~'d~ngs now or hereafter ~ituate o~ said land a~d on all equipmrnt and perionally cova~ed by thi~ mor~g- sgs, w:th ail prem~um~ Ihereon pa~d in full, Lre insuronce in the uwal s~rrda~d policy (orm, in a•um ap~oved by Ilx MORIGAGEE, and w~~dstorm insurance in ths Ciudl ~tandard poGcy fo~nL in a sum ~pprovad by ihe AM1ORIGAGEE, in wch twnpany or twnpanies ai the MORTGAGEE may d~~ed; and aU fire and w~~cis+orm insuronce polic;es on any of ~a~d build•n~s, any intere~t there~o or par~ ~hereoi, in tM agflregare sum ~Ioresaid or in excess ~hereot, shall coroain tha usual ita~~da~d ma~gage~ clausa a such o~her clause at IM Ma~9a9ee may requ~re, making the loss under sa~d poli~ ues, cach and every, payable to xa~d MORIGAGEE as ~n imares~ may appear, and eacA aod eve?y such po~~cy sholl be promptly ass gned a~~d de:ivered to sny held by uid MORIGAGEE u fv:ther security to uid ~iatpage debl, a~d, no1 less lhan ten (10) days in advance o( ihe exp~ret~on of each polity, to da ~ I~ve~ to seid MORTGAGEE a renewal thereo(, toge~her with • rete+pt for the premlum of such renewal; and tt~ere shall be no f~re or windstorm ins~rance ~ pl~ced on ~ny of said build~ngs, ~ny interest ther~in w parl tha~eoi, ~nlesa in the fo~m and with tht loss payable as afaesaid; tnd in the event any ium ° of mo~sy becomes peyable unde~ such poticy a pol~cie~ uid MURIGAGEE shall Mvs the opt~on to recaive ar.d apply the ume on scco~nt o( the indebtrd- . t ness tet~~ed hereby w to permit sa:d MORTGAGORS to retYive and us~ it p any pa~t thereof for othrr purpoaca, v.~~hout ~hsr~o~ w..~v~n~ cr ~n~po~.- ~ ing any equ~ty, lien o~ ri~hf under w by virtue of ~his mo:tgage; and in the evc~t u~d MORTGAGORS shall !o~ any ~eason iail to keep the sa~d pre~n~srs so insured, a lail to del~ver pranptly any of said policies oF insurance to uid MORTGAGEE, or fail promptly to pay fully any premivrn therefw a in any i respect (aif ro perForm, dfschsrge, execute, effec~, comptete, comply with and ab~de by 1hi~ covenan~, w s~~y Ne~+ iK~<sf, _~id MGRiGAGEE may pbce and ; pay fw such insurence ot any part thcreof without w~iving w affettinp any option, iien, eq~ity, or right under w by virtue of this Mwtgage, and the ~ f~ll amounl ol each and every such paymenl shall be immediately due and payable snd shatl btar inte~es~ from the date thereof unti! paid at the rate o1 n;ne pc~ certtum per annum and to~ethe• with such i~~erest shall be s~cured by tF~e litn oi this mwtgage. 1. To permi~, comm~t w suffer no waste, impairment or deterwration of said prope+ty or any part thereof. 5. To pay s!I a~d singul~r the costs, chargq and eapenses, including a ro~sonable anwney i fee and costi of absnacts of Gtle, inwrrcd or pa~d at any time by said MO~TGAGfE; because o~ in tl+e eveM of the failure on the par~ of the said MORTGAGOR to duly, pranptly and fulfy perform, d~scharge. execute, eftec~, comple~e, comply w~th and ab:de by each and every ~he st~pulanons, agreements, conditions, and covenanrs of sa~d pranissory note and ih~i ! mortgage any or ei~her, and sa~d costs, cha~ge~ and expertses, each a~d every, ihall be immediately due and payable; whe~her or not there be notice dr ! mand, snemp~ ~o colted or suit pend~ng; snd Ihe tull amovm of each and every such paymem shall bea. imerest from ~he date thereof until paid a~ the ~ate o( nine pcr centum p.:r a:uium; arx! ali said costs, chargea and eapenses incurred w paid, together with such iMerest, shalt be secured by the lien of this ! mwtyage. 6. That (a) in the event of any b~each of thi~ Mortgage or default on the part of the MORTGAGOR, a(b) in the eve~t any of sa;d sums of monay hrrein rGfer~ed to be not pranptly and fully paid within Ihirty (30) days next after the same severally become due and payable, withou~ demand o? rwtice, or (c) in the event each arsd every the stipuiations, a9reements, condit~ons artd covenants of sa~d promissory note and th~s mo~tgage any a either are not luly, promp~ly and fulty pe~formed, d~scharged, executed, effecrrd, compieted, compGed with and ab~ded Sy, then in e~the~ a any•~uch eveM ~he sa~d ag gregate sum mentioned in said promissory note then remaining unpaid, with interesl accrued, and all moneys setured hereby, shall betome due and pay- ab:e forthwith, cr the:eafter, at the option of said MORiGAGEE, as fully and completely as if all of the,said surns of money were wiginatly s~~pulated to be pa~d on such d~y, a~ythirg in sa:d pro:n~ssory nofe or in this Matgage to the contrary notwithstand~ng; and ~hereupon w thereafter al the opuon of sa;d MORTGAGEE, without notice or demand, suit at law or in equity, the~efore w Ihereaher beguo, may be prosecuted as if all moneys secured hereby had mat~red pnw lo its institution. 7. That in the event that at the beginning of or a~ any time pending any suit upon this Mo.tgage, o~ to foreclox it, or to reform it, or to enforce payment of any claims hereundei, said MORTGAGEE shatl apply to the Court having jurisd:ction Ihereof iw the appointmem of a Receiver, such Court st.all For~hwith eppoint a~ecelver of said mortgaged property all and aingular, includ~ng al~ and aingular the income, prof~ts, issues and revenves trom whatever source derived, each and every of which, it being expreu~y understood, is hcreby morrgaged as if spec+fically set forth and described in the graro~ng and habendum c(auses hereof, and s~ch Receiver shall have all the broad and effeceive fu~c~~ons and powers in aoyw~se entrusted by a Court to a Recriver, and s~ch appointment shall be made by such Court es an adc.itted equity and a matter of absolute rigM to said MORTGAGEE, and w~thout reference to the edequacy a inacf~quacy of the value of the prope~ty mortgeged or to the totvency Of ms91vlMy of said MORfGAGOR p fhe defendants, and that such re~rs, profits, income, issues and ~evenves shall be appl~ed by such Receive~ accord~ng to the lien or equity of said MORTGAGEE and the practice of such CouA. 8. To duty, promptly and (u:ty perform, d~scharge, execute, effect, complete, comply with and ab~de by each and every the st~pulatians, ag.eements, cor.ditions and covenants in sa~d promissory note and this mo~tgage set forth. 9. That in the event the ownership of Ihe mortgagcd premises, a any parl ihereof, becomes vested in a perwn other than the MORTGAGOR, the fN.ORTGAGEf, its successws and assig~s. may, wiihout no~:ce to the MORTGAOR, deal with such successw or successor in interest with re(rrence to this mo~tgagc and the debt hereby secured in tne snme manner as with Mortgago~ w~thout in any way vitiating or dixhargi~g the IJlortgagori Iiability herr ~~der or upon the debi hereby secured. No saie of the Fremises hereby mortgaged and na forbearance on the part of the MORTGAGEE w its s~ccessws or ass~gns and no ex~ension of the t~me for the payment of the debt hereby aecured given by the MORTGAGEE or its succeuors or ass:gns, sSall operate ra rclaase, dacharge, modify cbange or afFea the orig~nal Gab~i~ty of the MORiGAGOR herein, either in whole oe in par~. 1C. It ia speNfically agreed thaf time is of ttx essence of this cw:tract and that ~o waiver of any ob~igation hereunder or o! the obligatan se~ c~red hereby shall at any time thereafter be held to be a waiver of the terms hereof a of the instrument secured herby. 11. In add:tio~ to the forego ng monthly payments of p.inc pal and interest ~equi~ed by ihe p~omisscry note secured hereby, mo:tgagor covenants and agree~ to pay to mo:tgagee w~th each rnonthly payr.,e~t an addniona! sum esun:ated by mortgagee ro be eq~al to 1 j 12 of the annuat coat of the tollow- in~: A-All real property taxes le•ried or ass~ssed agai~ss the above descri5cd real estate. B-Prem:ums on fire and wrindstorm insurance es hete~n requ'aed to be carried en the improvements rtuate on the above described premises. C-Premiums on such mortgage guaranty ir.s~ra.~ce as morrgagee shall !rom t:me to time deem fit to carry on the loan secured hereby. Mortgagee shall from time to teme notify rrwrtgagor in writ~ng of the amount d~e and payable hereunder and such wrn ahail thereupon be due and Fayable on the due date of the next month!y payment and each successive month thereafter ur,til mwtgagee sha11 not;fy mortgagor of a change in such a~ouN. Such sums shail be appiied by martgagee toward the payment of real property taxes, irsura_~nce prem~ums, and mortgage guaranty insurance . premiums. - ~ - IN WITNE~~WHEREOF, t~ sa~d MO GAGOR has hereunto set his hand and seal the day and year first aforeuid. Sig ~{iv_ j(ed i~ t e ce ofi - FIIEQ %hG ~t1:OR~ED ~Q„~,~ ~ _C{~ - , ST. LUCIt ~Gl'+NT'f FU. ~ .(Seaq RGC~~ P~!'RAS ~ ?homas N. Zades c~aq , ; - ~ Ct~Rf. ~U1T COUR~. fj_ (Sca4 ' Rc~(c- Y`' ~'r:E.'• DOlOr@S des {SeaQ i - ~ SiATE OF FLORIDA ~Y ~ ~O 3U'~t~54 { ~JUNTY OF St. • LZ1C.~@ ~ I ~ Before me penonatly appeared ~10md3 1V. Zades a~ ~ DAlOYB4 Zades his wife, to me well k~own and kna+vn to me to be ( the individuais described in and who executed tFx fwegoing instrumeM, and acknowiedged before me that they executed the same for the purposes ; ~herein expressed. And 1F~e said- ~101@S B• Zades t ~ ,~vifc of the said ~10~8 N• Zadea , upon a separate and private ~ exam~nation by me taken separate and apart from her wid husband, ~tknowledged to and before me that she executed uid 'ensirument freely and volum rarily and w~thout any compulsion, constraint, apprehens~on, w fear of or from her said husband. { / . € WITNESS my hand and official seal 1hiL day of ~Y A. D. 19Z~ s ' ~l,c ~ ~ / , Notary Pub~ec J a for the State of Floreda at large ~ My Commissioo expires: Return To: ~~~,ry R~tr, 5!ate of Florido ot (rn~ = First Federal Savings 6 loan Association Of Furt P.e~ce. t';• Cn-,c:•,•cz F-. ._s lut~ 197' - ,::J . ~ .',rr: .c~•~ P~~. i fort Pierce, Florida . ~ i i . . E • .~t•'_':~".;` ; This Instrument Prepared By B. BYaun ~ ~ - ; first Federal Savings & Loan Association ~ ~ of Fort Pierce ~ Florida 33450 - - - ~ = ~ ~ ~ U R Q • 1Q _ Y * Checked By ~ d~0f( 2,3t7 PAGE ~1V _ i:: ~ ~ .;:~c;} ~ . ~ ' ;~..~~t: ~'ti 1 ~ _ ~j ~ CJ~•~``, S ~~~~~~l~IIIN:tt~tt:s~~ - ~ - - - - ~ ' ~ ~ . ~ Y ' - „^-iC'~"+°~i-... ~ F xrt` "s s1 ~ ~ T"is`~ ~s2^ ~ . l.' . Y` ^v ,1 F.t v . . ~d~~~~~ a` ~ ~r~~ ~~'kE'~+ a.~~~''_'~"~~A~~S~ ~t'~#.^~'~s..._. . . .Ya~"~`3F¢'1 r! .