HomeMy WebLinkAbout1718 3. To placs and continuously kcep on the bui:dings now or he~eafte~ ~ifuaq on said land and on all equipm~rnt •nd perwna~~y co~ered by this mat9-
age, with •I! pron:iums thrrcon pa~d in full, hre ineura~ce in the utiual s:~nda~d ~'+ry fam, in a sum app~o.ed by tM MOR1G.>GfE, and w~r.di~am
~nwronce in the usw~ stanJard poGcy Iwm, i~ a sum approvad by the MOR1GnGEE, in such company or comp+n~es a~ tM MORiGAGfE may
d~~Kfj and all lir~ and windstorm in~vrance policies on any of sa~d build~~qs, any intsrest therein or par/ Ihereoi, in th~ agg~eqale twn •foresaid w
in excess tF,ereof, ~Fwtl ;omain the uiua! standard mottgagee c~ause o~ such o~her usuw as ~M Mor~9age~ may reyu~ro, mal;ng ~he 10~~ undr. se~d poli-
c~es, each arxl eve?y, payab~e to sa~d MORTGAGEE as ~ts ~~trrest may appea~, and each and wery iuch po!~cy ahall Ix pronipHy ass g~ed and deiivered ~o
a~y held by said MORTGAGfE as fu•~her security lo said mortyage debt, and, r.•x leu tha~ ten (10) days in advaote of the expirarion of each poGcy, to da
i:ver to u~d MORTGAGEE a renewal thereof, to9e~her wi?h e receipt fw Ihe pramium ol such renewal; end there shal! be no lire o~ windsto~m iniur~~ts
plxed on a~y of said bvildi,~gi, any inte:est the~ein ot part thereof, unless in the torm and with the loss payeble as aforesaid; and in tha event any sum
of mooey becomes payable under iuch policy a polKiet ssid MORIGAGEE shall have ~hs opt~on ~o ~ecei.e and apply the same on account of the i~?debted-
nru sec~red hereby or fo permit said MORTGAGORS to reteive and use it or any parl thereof fo+ omrr pu~posrs, v.~thout ~h:+ib; wa:.~n~ or unpair-
ing any eq~~ty, lien w righ~ u~der or by virtue of this mcrtga~e; arid in the evem w~d MORiGAGORS shall fw any reason fai) to kcep the sa~d premisas so •
~nsu~ed, w fail to detivor pramptly any of said policies of insurarxe to said MORIGAGEE, or fail promptly 1o pay fully any premium ?herefw a i~ any -
resped fail to per(a~, d~scharge, ezec~te, eifect, comp}etr, comply wi~h and abide by thi~ tove~ant, w any part hrreof, said MORTGAGEE may place a~~
pay (or :uch insurance w any part thertof wi~hout waiving w affetting any optiu~, lien, equ~ty, or right unde? w by virtve oi this Mor~gage, and tht .
full amoun~ of each and e~ery such payment shall be ~mmedeately due and payable and shall brar interest 1rom the date thereof until paid at the ~ate ot ;
~~~ne pe~ centum per ennum aed to~r~her wi!h such inte~est shaii 1~ te:ured by the lien of this mortgage.
To permif, commit or suf(er no waste, impairment or deter~orat~on of said property or any part thereo(.
5. To pay all and singular the cosss, chargei +nd expenses, i~clud~ng a reasonable attorney i fee and costs oi abstract• of title, i~curred w paid ~t
any ti~.:e by said A10R1GAG:E, because a i~ ~he evem of ~he fa~lure w? tfie port of the said MORiGAGOR to duty, promptty and fully per4orm, d~scharge.
execute, ethect, comptete, comply w~th and ab:d= by each a~d every ~he stipvlai~ons, agreemenri, cond~tions, and covenan~s of said pran(ssory nme and this
n:o~~gage any w eirher, and sad cosrs, charges and expenxs, eacA ~nd every, shall be immediately due and payable; whether o~ not there !x notKe da
m~nd, attempt to rnllect or suit pend~ng; and the futt amount of each and every such payment ahafl bea. inrerest from the dafe thereof until paid st the
..:'r of n~ne pe~ cens~m F,er an~~um; and atl sa~d costs, charges anc! expcr.ses u•curred or paid, together w~~h such in~errst, ihall be setured Dy the lien of thit
mortgsge.
6. That (a) in the event of any breach of th+s Nb~tgage w ci:.`_~•~~ ort the pa.t ef the MOStTGAGOR, or (b) in the eve~t any of sa~d svms of mooey
l~erein reierred to be not prompHy and fulty pald ~vithin th~rty (30) days next aSter ~t~e same :everaily become due snd payable, without damsnd w notice,
a(c) in the eveM each and every the s~ipulat+ons, agreemeMS, conditions and covenann of w~d promissory nore and th~s mortgage any a either ue no1
july, prompHy and luVly periormed, d s.harged, executed, eifecrrd, com~:esed, complied w~th and e6~ded Sy, then in either or any such eveM the sa~d ag
~regate sum memioned in said promissory note then remaining vnpa~d, with interest accrued, and all mo:~eys secured hereby, shatl betome due and pay-
ab!e forthwith, or ~hereafter, at the oprion o~ sa~d l~tORiGAGEE, as fully and compl~tely as if all of the sa;d sums of money were wg~nally iGpvlated
ro be paid on such day, anything in s~:d p+on~ssury nute or in this Mo.tyage to Ihe contrar~ notwi~hstand~ng; and thereupon or thereatter at the op~~on of
sa:d MORTGAGEE, witho~t not~ce or demand, s~il at law w in eqwty, theretore or thercaiter begun, may be prosecuted as if all moneys secured hereby
r.:d matured pnw lo rts inst~t~t~on.
7. That in the even? that at tf+e beginn'ng oi o~ at any time pend~ng any su~f upon this Mortgage, or to foreclose it, w to refwm it, or to enforce
~:vment of any cFa~ms he~eunder, said MORTGAG:E sha!1 apply to the Court havn,g ~urisd~clion thereof ior the appo~~tmeM of a Receive~, svch Court shall
F;-eh.vith appoint a re:e~•.er of s~~d mortyaged prope~ry alt and singuear, i~c~ud~ng ail and s~n9u~ar the income, profits, issues and revenues from whatever
.•cr derived, each and every of wh:ch, it being ~tprESSly.underst~oel, is hereby mortga~ed as if spec~fica~ly set fo~th and dexribed in the granting ar+d
1,6endum c:auses hereof, and such Receives shah have a!~ the brwd a~d e{fective funcs~ons and powers in anyw~se emrusted by a Court to a Receiver, and
s. ;h appointment shall tr made by such Co~rt as ar+ adm]ned equiiy and a maner of abso~u~e r~ght to said MORiGAGEE, and winc~ut refere~ue to the
~::~q:,scy or inadequacy of t~:e vaiue of the prope~ty mortgeqed or to rhe so:vency ar msolvency of sa~d MORiGAGOR or the defendants, and ~hat such
,_~~•~s, profits, incomt, issues ard revenues shali be appGed by wch Receiver accord~ng to the lien w equity o( said MORiGAGEE and the practice of suth .
Co urt. ~
8. To dufy, FremF:r;y and f~lly perform, d~scharge, exe:ute, effect, comptete, con,piy with snd abide by each and eve?y the stipulatiorss, agreerrKnri,
;~:d~:~ons and covenanra ~n sa:d promissory note and lnis ~nortgage se~ forth.
9. Tfiat in the event the ownersn~p of th~ mo~rgaged prem~ses, er a~~y part thereof, becomes vefted in • penon other tha~ the MORiGAGOR, the
:_21GAGFt, ns wcccsscrs ar.d assS3ns, may, w~~hovt not,ce to rne .".tOR'•G:•OR. deai with svch successor or successrn in interest with refererue to thia
~•rgage and the deb~ he~eby secured in the same r*:a:mc~ as ~n;:h IF.ortg~gor v.•~thoW in any way vifiating o~ d~xiurging the Mortgagors' liabilify 1?ere-
;i~r or upor~ the d~bt h_we6~ se:~red. No :a:e cf the pre~r;nes he~eb~ mo~igaged and no fotbearance on the pan o( the MORTGAGEE or its suctessop
as;~gns and no extzrs~on of ihe ~~:ne fo• the payrr:em oi the deb! hereby secured given by the MORTGAGfE- or ih suctessor; or assigns, ?ha~l operate
~o re ease, d.scharge, modify char.ge or af(ect the ur~g:nal liao,i:ty of the 11•ORSGAGOR here~~, either in whole or in part.
10. It is spec~f[_a~ly agreed thar ~;,n. is of the easence cf this contract and thai no waiver of any obligation hereunder or of the obligstion str
;~;red Fk:reby snaf~ at any time thereaher be he!d tc be a wa,rcr of the terms hercvf or of the instrument sewred herby.
!1- In a:id.~~:;, ro +he lo:eao~~~ ~^omh:y F:ay~r_r~*s ef p-:^cpa~ ar.d ~nreresr reqJ:red by the prom~ssory no!e secured hereby, morigagor covenants
a~-ees ro ~ay ro r~o-tg~_,ee .•.;:h each .RC~~ni~ pa~: ~enf an a:id.~~e•~at su~rs es~~~„ated by mwtgagee to be eq~al to 1; 12 of the annual cost of the follow-
A-AII real praperty tox ~s ~e+~ed o~ assesseci aya~ ;st ti~ aoove descii ;ed raai es~ate.
~I
& Fr,~:1:.~~*~s o,~ f:re and v~ir.dsto~rn +nSU~d`CC a5 t7G~t~n r^qu.r~d to be car:ia~d en tne improvemeits situate o~ the above descriF.ed premiseS_
C-Pre~r~u~ns on su:h mortgage guar3ir~ ir.s~ra~.ce as ~~e~~gagee shaJ frcm : n~e to ti:~e deem fit to carry on the loan secured hereby.
j h',ortgagee She'.~ '•c+i: time to t~•^e nctify mertc~ago~ :n wr;t;ng oi the a^.-o.,nt d~e and payable hereundar and suth sum shall thereupon be dae and
.:,k,!e on tna d~e da~e of ~he eezt mcr.thiy pay•r.~r.r and e~ch successl~e mo~rh thereaftcr ur,tit mortg~gee shall notify mortgagw of a ehange in such
~ o~nt. Such sums s~a:~ i;e ap~5ed by morrgagee ror~ard tl~e palment of real properiy taxes, insurance prem.ums, a~~d mwtgage guaranty iosurance
~ . • .~-.!umS. ~
~ IN WITVE55 V'JNEREOF, t:~e sa~d N.ORTGAGOr2 has hereunto set his hend and seef the day and r first aforesaid.
! S~gned, Sealed and detivered in the presence of= ~q~~~f
~ /.'~Car~L~I ~ ~
jB'L/ (S~ap
~ ~ ~ ~ ~ -~Ed--mund ;i. Radke an
~ ' T?~~ rc~, ~l/ rs..~4
~ - - - Dor i s Jt. R ~c~ke (Seaq
~
~ ;..;7E Of FIORIDA ~
~ 5t . Lucie
-)UNTY OF 1
X
~
Before me personally appeared =-'Cj:~und Radke s~
_ nOI1S :~5. Radke his wife, to me well known and known to me to be
~ ind~viduals dexr+bed in and who ezecuted tF~e foregoing inshument, and acknowledged before me thaf they e:etuted the same fw ttx purposes
~~^~ein expressed. And the said_ ~I l S +~1. Ra(j}C@
r: of the said Edmuncj ~~l_ Radke upon e separate ~nd priwte
~ 1^: r.atwn by me taken separate and apart from her said husband, atknowledged to and be.'ore me that she ezecuted said instrument ireely and voluo- i
~ -.ly and wrthovt any' computsion, constraint, apprehens+on, or fear of w fram her said husband.
~ iYtThESS my-hand and offcial seal this_ day of ' A. D. 19 7S
- -s
< /
~ Notary PublSc in snd i the te of ida at larye ~
C My Commission expiret:
~ Retum 70: _ i~ /j
r~rst federal $avings 3 Loan Associai;on
~ or ~o~r v~~~a. f1LE~ ri:}
T~Y fU. # . ;
~ Fort Pierte. Florida S1.1J{~';i L7 ~ • e
AOG~~ ~.:;iR~? URt ' t
~ ~zi.!. i+ :LU1T CC ~ ` ~
C yrv::1E0
~ Qrr,n~;-. _ w _
a . r, ~ i
This Instrument Prepared By John ~ti' . Co 11 ips_. i~ ~ 12 ~75 f~•:;,~~
~ First Federal Savings 8 Loan Association ~1 ~
~ of Fort Pierce , Florida _ . _
~ Checked By a~, 4~~1'4 - , ~ . : . .
' j s
.
~ ~ ~ ~t. ~ .
f~'~~j:~~,,,~,
~ '/''~~~~1'
~ 8o~K239 F~~~1713
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