HomeMy WebLinkAbout0056 3. To p1~ce ~nd co~~~nuouely 4eep on the bvi'di~LS ncw or h~realter t~~uate on taid Isnd s}.d on all equ~p~nent ar.d penoo~lly tove~rd by tFus ma~Q~
•ge, with all premiums therton pa~d in full, tire insur~nce in ~he uw~i s~~~~da~d po'Ec~ 1orm, in ~ sum •pp~o~cd by 1ht MORiGAGFE, a~~d M•~nds~o~m ,
~nsur~oce in ~he wwl s~~ndad pol.cy form, in a sum spy,roved by ~he :1~ORTG%+GEE, in such company w companies as the IhORIGAGEE may
d~rccf; ~~d all fi~~ and w~ndstorm insurance polKies on any oi said bv~td.•,9~. •ny inltreif therei~ w part thcreof, in IF+~ a99re9~te i~m alaeiaid o~ ,
in excess ~herrof, sAall cor.ui~ Ihe usual sta~~da~d morgagee dsuse o~ such aher c4use as Ihe Mc~t9agee may reqv~re, makiny Ihe ~oss unJe~ u~d poli-
ues, e~ch ~nd every, payc54 ~o s+~d A10R1GAGEE as its int~~c~t may appear, a^d cach ~:id every svch pcticy sha!1 Ge p~omptty a~s gnrd a~d de~.~•ered to ~ ~
any l~eld by sa~d M.ORIGAGEE at funher seturity 1o said mor~yagr debt, and, no~ 'ess tl+an ten (!U) d.+rs in adw~Ke oi ~he expi~~~ion o) each po:~q, to dr ~
f~e~ to said MORTGAGEE a renewal lhereoF, toge~h~~ witA a rece~pt lor tM prrn•~~~n oi such re~rr.a~; and there zha~l be no 1'ue or w+~:dsto~T insuranc~ • '
p!ued at any of~ uid build~n~s, ae+y interest tfxre~n ot part lhereet, un:ess in ti.e ~c~•n a~xJ witl? the loss payabl~ as aiorrsaid; a~d in ~Le e.en1 ar.y sum ~
of ~,oney bsca~+ss payabte under ~uch p;.licy or polKirs w~d 1AOk1GAGEE shaU Aarr the aption to ~cu:ve and ~pp!y the same oe sccouM of ~he indebled- ~
ness secu~td he~sby w a pe~m~t sa~d ".•JRIGAC-ORS ~o receiva and use it a an~ ~rr~ rhe:rof lo. o:hc~ pvr;ro:es, u.~~hcu~ ihr~rb~ w..~.~ ~3 c~ m+~c:r•
ir,g any eqv~ty. lien p ~iyht vnder or by virtue oi Ihis mo-'gage: +nd in ~t?e e~ent sa~d A'ORTGAGORS shall for any. reason iail to keep the sa~d p.em;ses ~o ~
7naured, a f:i1 to deliver p.pnF;tly a~/ ot sa~d pol;cics oi inwia~cs ~o sa:d /AORTGAvtE, oc (a'+I promptly to pay (u:fy a~y pr~m;~m ~herclo~ or in ~ny
resped tai) to periorrq, d~xhsrge, exrcu~e, e1(ec1, cwnp!ete, co~nply wi~h end aF~de b~ th:s covenan~, « any parl hrr~of, said MCRiGAGEE ma~ p:ace and ~
`ay !w such irau~ante or s~y pr~t tFereof w~thout waivir~ or af(cuing eny optio~,, tien, eqv~ty, or righl under w by vi~tue of this Mc~tgage, and the
t~'1 arnovot ol eacA and every such payment ~ha!1 6e inw»ed~afely t;ue and payab'e a~,d sha!I bear ~n~erest from ~ha date thereof until Fa~d at tha ~att o1
n~ne per tentum per annum and togrtl ar wiih avch inte+rs~ sha:i te srcuird by the ~:en ot t!~~s matgage. ~
3
1. To permit, coma+it or au((er no viaste, impa+~ment cr de~c~iorat~on oi s~~d preperty q•ny part thereof. ~
S. To pay all ~nd singular ~hs custs, charges ard e~penses, inciuJtng a reasonaote anorney i fee and costs ot sbstracts of title, incurred o~ paid a~
any time by uid MOR?GAG'_E, bKause o~ in ~he evcnt of the fai~ure on the part of ~+~e said A~ORTGAGOR to dufy, ~~anptly and (uUy perform, d~scherge. ~
e,ecute, eifect, cwcplete, comp:y w~th ard ab:de by eacfi and e.•ery ~ho s~~pu:at a~u, agreer*sems, cond~tions, and covenants of said promisso~y note and this
m.o•tgage any or ei~her, and sa:d cos+s, charges and cxpenses, cach ar~d every, shall be immediate'y dve and payab!e; whethrr w not there be no~~ce d~ s
ma~~, attempt to cotkd or suil per.dino; and the (vll amount of each and eve~y wcn paYmcnl sh~ll bear iMCrest f~om the date I:xreof unril paid af the .
~r!e of n~ne per cen:um ~,t`! 2f~~1~}T) ~nd all said costs, ct~ar~es ar.d expr~ses incurred or pa~d, togeiher wAh tvch intciest, shall ba secured by the lirn of th~s
morrgage.
6. That (a) in the event of any breach of this Me~tgage or de(auft on the pa~t of fhe A!ORiGAGOR, w(b) in thr event any of sa'd sums of mo~ey
herein ref~rad to be nol promptty and Ivlly paid within ~h~rty (30) days nex~ a'te~ the same sevwa:ty become due and payable, witM~t demand w notice,
cr (c) in the event each and every :tipu!atior.s, agrccmcnts, cor.d~tions and cove~an:s oi sa:d p~o~++issory oote and th~s mortgaqe any a e~~he~ are nol
j,;:y, promptly and fully perfwmed, d.sc!+arged, e~ec~~ed, efieded, comp!r:ed. car.;, ~ed v~~tF~ ar.d ab~ded Sy, ~hen in e~the~ w any svch event ~he u~d ~g
g:egate sum mentioned ;n said pomisscry note then remaini~g unpa~d, with inierest accr~ed, an~ atl moneys secured hereb~e, sl?~II become d~e and p~y-
ao'c torfhwith, or thereaiter, at the optic~ of said MORTGAG~E, as iully anJ ccr-+~:rce!y as ii atl oF ~he uid wms of money were a~g~nally sYpuatcd
te be pa~d on svch d:y, anylhing in sa"d prom~ssory note cr in lhis 6lartgage to the ccn~ra?y notvrithstand~ng; and ~fie?evpon w Ihe~eafte~ ~t the option o(
sa;d MORTGAGEE, wiihout notice er demand, svit st law or in equity, therefere ot tt~ereafte~ brgun, may be prosecuttd as if all moneys secured hereby
had matWed priOr to its irafitution.
7. That in the eveat that at ~he beginning ef or at any time pcnding any s.r~! upon tF.is Mo~tgage, w fo lpeclose lt, w to refwm it, or to enferce
payment of any daims hereunder, said A:ORiGAGcE shall app1Y to the Court ha:~~-g iu:~sd:c::on there~t for the appointmenl of ~ Receive~, suth Cowt sF?~II
fcr:hwi:h appoint a receiver of iaid mo~tqaged prc~rrty al1 a~d s~ngu~tr, incluJ~g atl an~ s~nqular the ir.come, p~oiits, issves and revtnues irom whatever
seu-ce derived, eacfi ~nd evcry of wh:ch, it ~ir.g ..~,epreuly vnders:ood, ts t.rreby mor~yagcd as it speufically set iath ~rtd desaibed in ~he granting and
habendum clauses hereof, and s~rch Rcceiver shaft hare all the bread and eifec~~ve fur.c'.ons and pov.crs in anywise ent~usted by s Cou?t !o a Recciver, and
s;.ch appointmer.t shail be made by such Cowl as an edmitted equity tnd a matter cf a3toiute right to said MORIGAGEE, and witl?aut re(erente to the
edequacy or inadequacy of tF.e vatue of the proFer~y mertgaged or to :he so.venc~ cr ~n.et~ency of sa~d MORiGAG02 or the de(endants, and ~hat such
re~ts, profits, income, issues and revenues shail be applied by such Receirer accord~n3 io ~he Iien w equity of said I110RiGAGEE and the'pract~ce of such ~
Courf.
8. To duFy. promplly and (utly pe:form, dis~harge, exccute, effect, co!r+pkte, camp7y with snd ~bide by each ~nd every the stipulations, agreements,
~ conditions a~d corenants in said promiuory note arsd tAis mo~~gage set forth. ' .
, 9. That i~ the eve~t the ownenh.p of the mortgaged prem~ses, or any part ti+erEOf, lecomes vested io a person other than the A10RTGAGQR, the j
A'ORTGAGEf, its succeuas a~d ass~gns, may, wifhout not+ce to the 1110RTGAOR, deal wi~h such successw a successw in interest wirh refere~ce to this +
mo-tgage and the deet hereby set~red in the same manner as with N1e~tgagor witFw^.ut ~n ~ny way vitiating or diuharging 1he Mwtgagors' liabitity here-
undrr w upon the de6t hereby secured. No ute of the preR:~ses hereby mo~tgrged rnd no fabearance oo the pan of the /+~ORiGAGfE or its successors
or assyns and no eatens~on ol the time for the payenent oi the debt hrrrby secured g~ven by the ASORTGAGEE o~ its svtceuws a ass:gr.s, a~all operafe
to re~eax, diuharge, «'ify change or aflect the or~9ina1 liac~:ity af the MfJRiGAGOR herein, either in whok or i~ part. -
10. It is specificatly agreed that time Gs ot the esscnce of this conuact and that oo watyer of any obligauon hereunder a of the oblgation sr
cured hereby shall et any tirne tF~treaficr be held to be a waiver of the terms hereoi or of ::rc instrumeM secured herby. (
11. (n edd~tla~ to the forego'ng rr.onthly paymems of F•rinc'pal aad interest ~equired by the promissory nore secured hereby, mort9agor covenants
a~d egrees to ,~ay 1o mo~gag~e with each mon+h!y pa~r :ent an edd;rio~al sum es•=n:ated b~ mortgagce to be eqval to 1 f 12 of the an~ual cost of the follow-
°~y= ~
A-All real property taxes kvied or aisessed agai~st shc above described real es:ate. -
B-Prem:uras on fire and windstorm insurznce as here~n ~equ~red so be carried en the improvemeots sifuate on_ the above desvibed premises. ,
C-Premivms o:~ such mongage guaranty ir.svrance as mcrtga~ee shafl from t?rae to time deem fA to ca~ry on fne (oan secured hereby.
Mortgagee s!~a!I {rom time to time nc+ify mortgagor ~n writing of the arr.ount dve and payable hereunder and such sum shall therevpon be due •nd
' Fayab~e on the due dale of the next montl,ly paymeot and eacb success+ve month thereafter ur.til mortgagee shall notify mortgagw of a thange in such
emount. Sucfi sums shall be applied by mortgagre tov.ard the paynxnt of real prepeny taxes, i~surence prem:ums, and mortgage guaranty insurance
p•emivms. .
IN WRNE55 WHfREOF, the said N.ORiGAGOR has hereunto set nis hand and seal the day and ar fint a~wesaid.
Siqned, Seakd and delive~ed i~ the presence of: ' +
.P~al-~J ~ l t~ ~
i _
; e~r1s . ari , r.
_
' aQ
~ ' R ba Zaring ~
~ . a~
f
; S~f.TE Of fIORIDA ~
j courmr oF St. Lucie -
~ e~ro.e~+e~~uy.P~:.~a Le~ris M. Zarin~, Sr. a/k/a Louis M. Zaring, Sr.
F Reba 7_aring his wife, to me well known ared known to me to be
4 the irxfividuals described in and who execufeil the foregoing instrument, and acknow.edged before me that theK executed the same for the p~rpotes
E rhe•ein expressEd. And the said Reba Zdr1JlQ ~
` .~,fe of the said _ j.eW15 M. Za,YlIIq~ $L . a/k/a I.OU15 M. Z811i1g, $Y . ~ upon a se~srate snd private
; cxamtnat~on by me taken separate end t~rt irom her said husband, acknow~edged ~o and be(o~e me that she ezecuted said instrument free~y ar.d volun-
~ te-i!y and withovt any eompulsion, constrair.t, appreheqns;c~~, er fe~? os or !:wn her said husband.
i Y~:7NE55 my har.d s~d o~i~c:z! se~I ths- _tZSpS~nc~ day ef .lUZ _ ~ A. D. 19 75
F1LE0 A!'tC ~ECOROE~-Notary Public in the State of Flor~da at large
Returo To: S7.lUC{E COUNT~ FIA. Nl~y Comm~ssion xpires:
fiOCER P~ItRAS ~ No~ory Publk, S~ots of Florida o~ largs
F~rat Fedcral Savings d. loan Assouat~on C~ENK CI~CUIT COURT
My Comm9ssion Expiros lvly ?2, :4?7
Of Fort v~erce. RFCO;!0 Ytk~f1E0.~.---- '
6:n5cd 'c; 11nr:,:~o ~ ~ C~..~.'•y Cw ~
' Fort Pie.ce, Florida ,
J~. 23 I .29 PH'75~~' ;
F ~ 3132i1 ~ ~ " ~
;
~ This Instrument Prepared By Gaty F. Ellwood "
; First Federal Savings & Loan Association • ~ : v ~ ~
~ of Fort Pierce, Florida `
~ _ ~ . ~ j
Checked By = 4- ~ _ '
. 0 R " ~ ~l ' 3
sooK2~ ~c~ ~ ~ ; ~ Sh
. c~ " ~
~ j ,
~ _ " - . _ I ~ . ~ Y
~ ~ _ ° ~
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