HomeMy WebLinkAbout0120 To placs and continuously kecp on thc bui:d~ngs ~ow w hereaf~er s;~wro on taid ta~d e~+d on ali equipa~~t a~d personally covered by ihi~ morts-
sgs, w+~h all premivmi thueo~ pa:d in tull, I~re insuror.ce io ~ha us~a~ s~anderd po~~cy (wm, in • sum approved by ~he MORIGAGEE, ..~~d w~ndsro~m
insuranc~ in tM usuat standsrd pot~cy to~m, io a sum approvad by tM MORiGAGEE, ie ~uch company o? compa~ues as ~he AM1ORT ~AGEE may
directp and all fir~ and w~ndirorm in~urance polic~es on any of said build~nqs, any intere~t the~ein o~ part thereof, in the afly~e9ste sum ataesaid a
in excess Ihereof, shall contain ~hs uiwl sta~xlsrd mortgagas dause o~ such oth~r c1auN as ehe M.Nt9a9~s may requ~re, makin9 ~he ~osi unde? sa~d po~F
cies, each and e~ery, payab~e ro said MORiGAGEE as :rs 1roe~rst may appear. a~d e~ch a~d every ~uch poli<Y ihaU be p~ompUY ase gncd a~~d dellvernd ~o
any held by setd MOR[GAGEE ~e turthar secu~ity to sa~d r*er~gage debt. ~nd, no~ Iess then ee~ i101 dsyi in adva~xe of ihe eap~~ana~ ol cach poGcy, to de-
liv~r to said MORTG~IGEE a~enev.eal the~eof, together with a~ete~pt (or the prem~um oi iuch renew,!; and thare sh~lt be no f~re o~ windstonn insurance
pl~ced oe~ +ny of sa~d twildings, eny in~erest thrre~n or parl thereof, unlcss in the fo~m and with ths loss payable as alaeuid; and in the evenl any sum
of mon~y becorne~ payable under such poiiq u po~icies Yaid MORiGAGEE ~hall have the opt~on w receive and apply the same on account ot the inckb~ed-
ness secured hereby or ro permit said MORTGAGORS ro rrceive and u~ it a any part thereof for orhe~ purF.osrs. w+~ho~t th u f w~w~:~g cr n,~pa~r.
ing any equ~ty, I~en w rigfit undu w by virtve oS thii morlgage; ~nd in the event ia~d MORTGAGpRS slwll fa any reasan fail to keep the iaid ~xemisr~ io
inwrcd, or (ail to defiver p~o~ptly any ef aaid pol~tiea of intura~ce to sa~d MORTGAGEf, or fail p~omptty fo pay fu41y sny p+em~um therolor o? in anY ,
respect fail fo pe~twm, d~scha~9e, execute, efiect, complete, comply with and abide by th~s covo~ant, a any pa~t hareof, seid MORTGAGEE ~ney p~ace and ~
pay ta such insurence o~ any put tAereaf wi~hout waiving o+ affeaing any opt~on, lien, equ~ty, or r~ght under or by virtue of ~his Mortgage, •and the
full amovM of each and every such payment shall be immrdiately due and payabls and shall bear ime~es~ from the da~e thrrcof until paid at tha rate ol
n~ne per centum per nnnum and togrther with suth inte~4st shatl be secured by the lien of th~s mo~tgage. ~
To permit, commi~ or suffer no wa?te, impairment a deterioration oi iaid propeiry or any p~r1 thereof.
S. io pay alt and singulsr ti+e coats, cha~gea aod expe~~ses, ~nctuding a?easonable sttwney's fee and co~ts of abstracts oi title, incur.ed w pa~d at
any time by said MOR1GAGfE, because or in the event of 1he ~a~lu~a on ~he parf of tne said MORTGAGOR to duly, prompdy and futly perform, d~scharge.
e,ecute, effect, complero, canply w~th and ab~de by each anf! eve~y the s~~pu~at~ons, sgreements; conditiona, and cove~an~s o~ sb~d promissory note and ~hi~
mwtg~e any w either, and sa~d costt, cM~Srs and expenses, esch and every. sAa:l b~ immedlately due and paya6~e; whrther or not there be no~~ce da
mand, attempl w collect a wit pendlrg; and the tul! amouM of each and erery such paymeM shall bear interes~ iro~n tFK ds~e thereof until paid at the
r~re of Nne per ce~itum per anaum; and aH wid wsts, chaa9es and expenses incvrred a paid, together wdh such intere~t, shali be secu~ed by the lirn of ihls
mort~ags.
6. That (a) in tha event of any breach of this Morrgage or default on ths part of the MORTGAGOR, w(b? in the event any oF wFd.sums oi money ~
herein rcie~red to be ~ot promptly and fu~~y pa~d wi+hin th~rty (30) day~ next aSte? the aame severalty bccome due snd payabte, withou~ demand o. oo~~ce, _
or (c) in the event each and every the stipu~arions, agreements, cond~fions and covenants of sa:d promissory note and th~s mwtgage any or either are nof ~
iuly, promptly and fully ~erformed, d:uharged, executed, eifected, completed, compl:ed with and ab~ded b~, then ~n e;ther or any such event ~he sa~d ag
gre~ate sum mentiorecd in said p~omissory note Ihen rema~ning unpaid, wilh interest accrued, arx! all mo~eya setured hereby, shatl become due arx! psy-
abte forthwith, o? thereafter, at the option of said MORTGAGEE, as ~uily and comp~eroly as if all of the said sums of money were or~g~nr:~y i~~pulated
to be pald on such day, anyehing in :a:d promissory nose or in this Mwtgage to the con~~ary notwithstar+ding; and ~hcreupon w t}~reafter at rhe opuon o1
sa~d MORTGAGEE, witnovt rwt~ce or demand, suii at ~law w in eq~~ty, therefae w thereafrer begun, may be prosecuted as if all moneyi secwed hereby
nad maturcd pt~or to ~ts +~stnution.
7. That i~ the event that at the beginn+ng of or at any time pending any suit upon this Mo~~gage, o~ to foretlose it, w to reform it, or to en(orce
payme~l of any cfaims hereunder, said MORTGAGEE shall apply to the Court having jv:iad~ction thereof fo~ the appoinlment of a Rece~ver, such Court shall
forthw~th appoim a rece~ver oi said mortgaged property all and singular, includ~ng all and singuiar the income, proFds, iasues and revanves Irom whatever .
sc~rce derived, each and every of wh~ch, it bcing expresaly understood, is hereby mortgaged aa if sp~c~fically xt forth and deuribed in the granting and
habendum clauses hereof, and such Receiver sha~l have all the broad and efYec~ive (unct~ons arn1 powers in anywise eMrusted by a Cou~t to a Recriver, and
t~ch appointment shall be made by such Cou~t as an admitted equ~ty and a matter of absolute right to said MORTGAGEf, and withoul reference to the
adequaty o? inadrquacy o~ the value of the p+operty mo~tgaged or to the w~ve~+cy w insoiventy of sa~d MORTGAGt7R d ihe defendants, a~d that such
~en~a, proiin, intome, Essues and revenues shatl tx appl~ed by such Receiver accord~ng to the litn or equity of said MORTGAGEE and the pracrice of such
Cou~f.
8. Tq duly, promptiy and fully perfo+m, d~scharge, executr, efictl, compiete, compiy w~~h and abide by each snd every ~Fee stipuia~ions, agreements, -
:ondit'ans and covenaMS in sa~d promissay note and this mwtgage set fath. '
9. 7ha1 in tfie event the ownersh~p of the mortgaged premises, u any part thereof, becomes vested in a pe~wn other than the MORTGAGOR, the ~
:'.ORTGAGEE, its successurs and ass~gns, may, without notlce to the MORTGAOR, deat with s~ch successor or sucteisor i~ interesl w~th :aference to thi~
ortgage and the debl hereby secured in the same.marmer as with Nb~tgagor w~thou~ in any way vitiating q d~scharging the Nbrtqagc:s' liability hert ~
~nder or upo~ the debt hereby sec~red. No sale of the pre~+ses hrreby mort9aged and no forbtaranu on 1ha part of the MORTGAGEE or its successws
or assi9ns and no exte~sion of the time for the payment of the debt hereby secured g~ven by the ~~IORTGAGEE or its successors or auigns, a~iall operate
to se~ease, d~scMrge, mod~fy change a affect the originai liab~lity oi the AM1ORIGAGOR herein, either in whole a in part.
10_ It is speuficalty agreed tbat time is of the essence of this comroct and that no waiver of any ohligat~on hereunder w of the obligation sr
c~red hereby shall at any time th2reafter be heSd to be a waiver oi the terms hereof p of the instrument stcured herby.
11. In add,tion to the (orego'ng morohly payn.ents of princ pal artd inrerest requ~red by the p~om;ssory no~e secured hereby, mwtgago~ coveoants ~
and agrces to pay to m.ortgagee with each monthSy payr:~e~t an add~r+onal sum evima~ed by morfgagee to be equal to 1/12 of the annuat tost of the follow-
;ng:
A-Alt real propert~ taxes levi:d or assesscd against the ahove described rrat estate.
B-Premiums on f~re and wi~ds~orm insurance as herein requ~red to be carried on the improveme~ts sit~ate on the above described premises.
G-Premivms on such motSgage guaranty inswance as mortgagee shaSi fro~ t~me to time derm fit to carry on the loan secvred hereby.
, 11I4ortgagee shall irom rirrte to t~me notify mortgagor in wr;t;ng of fhe amo~nt due and payable hereunder and such sum shai{ tfiereupon be due a:Ki ~
F.ayable on the due oate oi the nexf month;y payment and each successive month thereafter ur.ti~ mortgagee shall notify mortgagor o! a change in such
e~.eoM. Such sums shaii be appl~ed by mortgag?e torra~d the payment of real prOperty taxes, insurance prem:ums; and mwtgage guaranfY insurance 3
t
~~emiums. k
IN YIITNE55 'NHEREOF, the said MORiGAGOR has hereunto ut his ha~d and seal the day and year first afwesaid. f
Signed, Sealed and delivered in the presence of: f,LE~lr_ qtg~~~8 A ~
_ ST LiIC 31t1~TY F~~. ~ N(}-(~L.lL( r5ea4
- ^,}iR~SeRt`L Robbvn L. Rusko~ a sinc~le ~~~~lt
i Ctf`~R .c,~~ tSeaO
i - - „ ocr~::: ' L'Fn. i'
j ~SeaQ
; - ~ ~ ~0 21 ~ =Z5
~ STATE Of FIORIDA ~
; ~ ~ 30'~~55 :
; couNn of St 1_eY-;P '
t Befwe me personally appeared ROhhyR L BUS}{O~ a cinnle adult a,~ §
i ---"---_-____---IfTWife, to me well known and known to me to be ;
f rhe individuat de~uibed in and who executed the foregoing enstrument, ~nd acknawriedged befws me that~e exewted the same Ior the purposes ~
€ rherein expressed. A~-the-s~iJ ~ - - - - - - - - ~
€ r.~frrf-the-s~id-__-_~~----~-------~-----~-------^-----------____-- ___~___,.~pwasM»rat~awd.pci~a~e
e,,+~aszu~w?b~nastai~eo sep+rat~ and.apa~t-fu+Q?-heo-said-Fwsband.-ackrwwl~dgwd-~o and~.bsfo~e~ae-t6as st1Y<:a~cuiad.aaid inctrumanilr~ely.mdynk+o-
, raaiy .awd-w~+?~w1 ~wy-aow~puisi~~r {«»trainb ~rpewsnsiw~r K- ~ar ~L or-frow~-Fw~a+iJ i~wiawd. ~
f ~
WITNESS my hand and offiual xal this ~ 6 ~ day of A. D. 14 ~
~ ~
~
i
Notary Public in and fw State of Fbrida at large
s My Comm~u'wn expire
Return To:
First Federo) Savings 3 loan Associat~on ,~i„~~ : ~
j i~
~ Of fort P.e.ce. Ne1ery ~f ilorido ~1 LarY~ . 1 ~ir_
~ fort Pierce. florida . }~76 •~i~:.- . ~i
r M7 Com~ss ~n E~plr~s Oc~. ~0. ~ ` . . ~
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; nded b7 ~icen P~r~ b Cosvo(~1I
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~ This Instrument Prepared By Gary F. El lwood - - =
` First Federal Savings 8 Loan Association ~:,1V
_ - ~ : ~ .
of Fort Pierce~ Florida .~=''~s ' ~ U`s'
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Checked By s~~ ~ ~ ~ ^ -
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