HomeMy WebLinkAbout1658 To plac~ and coroinuously ke~p on tF» buiidir~ys now w Mre~fter ~itwt~ on ~~id land and on all equipm~nl ~nd p~no+?~Ily cova~d by thii mat¢
p~. with all pr~miums tMreon p~~d i~ full, (ire insv~ance in ~he utuai ~undard policy Iwm, in a tum approv~d by IM MORiGAGEE, ~nd wind~~pm
kawance in iM usu~l p~ndard pol~cy lam, in a sum ~pproved by tl?i MORiGAGEE. in such company a comp+nip ~ tAt MORTGAGEE en+y
dir~ctt and ~U ('u~ ~++d w~~dsro~m insuranc~ polK~es on ~~y oi 1~id bViWilg~ Nly IfIfNNI IMf~1N OI ~11 1lftfWf, ln tl+~ apprpaq wm afa~taid w
In exnsa Ihareof. shall contain tM uswl ~u~dard mor~ge9~e claus~ or such othN tlaw~ ~s tht Morlpape~ may rpva~. m~k&p tM bu ~ndN N~d polM
cih, each and ~v~ry, payabl~ ro said MORTGAGEE ~s its i~?ers~t may appeu, u~d ~ach and ~vay ~uch policy ~h+ll k» pranplly us:pn~d u+d d~livtred b..
~ny Mld by said MORTGAGEE as iur~he~ security to said moz:3i~e d~t, and, not I~~ 1Mn tM (10) days in advan~e of tl+~ ~xpiation of ~~ch policy, ro dr
liw? ro faid MORTGAGEE • r~new~l ~hereof, top~iher wirh a receipl fw the prsmivm of ~uch ~~n~w~l: +nd ~Mn shall b~ no fin w wlnditam inwranc~
pl~nd on ~ny of said b~rildings. ~ny intersil there+n a part the~eof, unlesi in tiN form ~nd wi~h ~M loas pay~bl~ ~s a(a~said; ~r+d i~ tF+~ ~vent ~ny sum ~
of nqmy becom~~ p~yabl~ undK such policy w policies said MORTGAGEE ~hall Mve tM opt~on to ~eceiv~ ~nd ~pply tM am~ on uco~nt o( tM ind~bted-
nea sttur~d h~rsby w b permit faid MORTGAGORS lo receiw and uf~ i1 w ~ny p~rt therwf fw other purposcs, without 1Mreb~ waivinp w~mp~ir-
inq any puity, lien or ri9ht unde~ w by virtw of ~hii mort~a9e; ~i+d in tM ~v~nt iald lNORTGAGORS sMll (a ~ny ~~aiai fail to kKp th~ s~id p~~eniies w
tniwed, w fai) b delive~ promptly anY oF uid policies of insurarxe ro s~id MORTGAGEE, pr iail promptly to pay fully a~y pr~miwn ~h~~~(a w i~ a~y
~etp~ct fail to pafwm, d~scharge, execute, e(fect, complete, comply with and abide by this cov~nan~, u any part 1?f~wf, s~id MORTGAGEE may pl~ +nd
paY fa ~uch 1ns~ranc~ w ~ny part the~eoi w~thout wsivinq a affectinq any option. li~n, pvity. or ri9ht vndK w by virtw of this Mwt~ap~. and _the
full amount of each u~d fVff~I ~uch payment shall be ~mmed~ately dw and p+yable snd ~h~ll bear intereit from tlw dat~ thereof vntil paid ~t tM rat~ of
nine ptr tentum per annum and to~ether with suth intcrest shall be secureo by tM lien o~ this mortyaye.
4. To pt~mil, commit a w(ler no waite, impai~ment w deterioretiw~ of sa+d property ot ~ny psrt thersof. .
S. To pay all ~nd sirgvlu ths costs, chargci ~nd exper+ses, ir?cludinp a re+sonabb anwn~y'~ fee and aoin of abstr~cn of titl~, Mc~rr~d w p+id
•ny tirr.e b~ said MORiGAGEE. because w i~ the ~vent of the failure on the pan of th~ said MORTGAGOR ro duly. promptly ~nd fully p+?fa~, disch~rq~
execute. e(fec~, canpkre. comply w~th and ab;de by ~ach ~nd every the ~tip~rla~io~s, agreements, ca+dit~oru, and cove~anb of said promiisory no~~ and this
matyapt ~ny a ei~her, arid said costs, charges and expenxs, e~ch and every, shall be immediately dw and payablr, whefher a eot tMr~ b~ notice dr
mand, ~nempt to colkct or suil p~nd~ngj and the full amount of sach and e~rery iuch paymen~ shall bear interest fran tM dat~ th~reof umil pald ~t fhe
~ate oi nine per centum p~x an~wm; end all uid costs, charges and expenses iocuned or paid, togethsr wHh wch intasu, ~hall b~ s~cured by th~ litn of this
matpa~.
6. That in the event of any breach of this Mwtgage w default on ths part of the MORTG~GOR, or (b) in tM ~vent any of said tum~ of moe~ey
herein refe~red to bs not p~omptly a~d futly paid with9n IhiHy (30) days ~ext affe~ Ihe same uverafly bacome due ~nd payabk, without demand w notice,
or in tM ~wnt each snd every the stipulations, sgraements, conditions and cove~snts of sa~d promis?wy not~ and this matpapt any or e+th~r are no1 ~
~uly, prompHy ~+d iully pe~fwmed, d~scharged, execvted, effected, canpkted, cc~mplied with ~exl abided by, thsn in either or ~ny tuch ewnf th~ ~aid
greg~t~ wm mentioned in said p?omissory note then remaioing ~npaid, with inte~est scuued, and all moneys saturad Mr~by, shall becorr~e dw and p~y-
eble fo?thwith, a thereafter, at the opt~on of sa~d MORTGAGfE, as fully and completely as if all of the wid wms of na~ey were w~gin+lly uipulated
to be pa~d on such day, anything in sa~d prom~ssory note or in this Mortgage to ehe contrary notwi~hatandiny; a~d tF~erevpon w thereafter at tM option of
said MORTGAGEE, witlw~ut no~ite or demand, suit at law u in equity, therelwe or thete+iter begun, may be prosecuted as if ~II mor?eys secvrad hereby
had mafuted pr~or b in lrntitution. ~
7. That in the eveM that at rhe beginning of or at any time pcnding any wit vpo~ rhn Mortgsge, a fo fwetloa~ it, w to nfam it, a to eniap ;
paymcnt of any cl~ims hereunder, s+id MORTGAGEE shall appiy to ths Coun having jurisdinion thereof fw tlrvppointm~nt oE ~ Receive?, wch Covrt ah~ll ~
Forthwith appoint a r~ceiver of said mortQaged property all and singuler, includ~ng all and singub~ fhe ii~come, prpfits, iuues and revenuts from whatever i
source derived, each snd every of whKh, it being expressfy understood, is hereby mortgagcd as if spetificafty set forth and d~stribed 1n 1M prantinp and i
habendum clauses hsreof, ~nd svd~ Rec~iver shall have all the broad and ettMive fwxt~ons and poweri in ~~ywise entrusted by a Gowt to s Receiva, and ~
such appointment shatl be made by iuch Coun as sn admitted equ~ty snd a msttsr of absolute right to wid MORTGAGEE, ~nd witliow nference to tM
edequxy or inadeqwcy of the value of the p~operty mortgaged o~ to the whrency w inwlvency of said MORTGAGOR w the defendants, ~nd that such
rems, profits, intorne, iuues and reve~ues shall be applied by suth Reteiver accwding fo 1M lieo or equity of said MORTGAGEf and the prattit~ of suth ~
COYR. e
8_ To dul , tt snd fvll iorm, dischar e, execute, effetl, ao lete, I with ~nd abid~ i
Y P~«++p Y Y PH 9 +^P ~p Y bY e+ch u~d w~ry fhs stipulations, yreert~ents. ;
conditans and covenants in wid promisswy note snd this mortyage set forth. _ ~
9. 7Mt in the event th. ownershie of the mertgaged premises, a any part thereof, hecomes vesfed in • person other fMn fhe MORTGAGOR, fhs
7V!~RTGAGEE, 8s succeuon and assigns, may, withwit ra~ice to the MORTGAOR, deal with such successor or successor in interest with reierence to thu
mortgage and the dcb~ hereby secured in the same manner as with Mortgagor witFaut in sny way vitiatiep q discharyirg fM MortqsQora li~bility herr
undcr or upon the debt hereby secured. Mo ule of the premises hereby mortgaged and no forbearance on ths put of th~ AAORTGAGEE or iri t~cceason
w auig~s and no exterssion of the time tor the psyment of the debt hereby sccured given by ~he MORTGAGEE a ib successors w assi9ru, sha11 opvar~
io rekase, dixMrge, modify charge w aftecf rhe wiginal liability of ~he N10RTGAGOR hsrein, either i~ whok or in puf. ~
10. It is spec~ficatly a9reed rh~t time i~ of the euence of this contract and 1Fat no waiver of any obligation Mreuntler or of tFr obligation se- `
cured hereby shall at any time thereafter be held to be a waiver of Ihe terms hereof a of the instrvment setured fxrby. f
I1. In addition to the' forego'ng monthly payments of princ'pal and inte~esr required by the pram~ssory note secured hereby, morigagor mvenants
and agrees to pay to mortgagee with each mcnthiy payrnent an addirional sum estimated by mortgagee to be equal to 1/12 of ihe annual tost of the follow-
ing:
A-All real property taxes Iev~ect or assessed agai:ut the above desvi4xd real rstate.
B-Prem'eums o~ fire and windsto~m inwrance as herein req~~~ed to be carried o~ the improvemenb sitvate on the above desvi6ed premius.
' C-Prrmiums on such mortgage guaranty insurar.ce as mortgagee shall from time to time deem fit to tsrry pn the lo~n secvred hereby.
Mortgagee shall irom time to fime ~otify mortgagor ~n writing of the amount due and payable hereunder and such sum shall thereupon be due ~nd
~ Faysble on fhe due date of the next momhly payment and each successive month thereafter untit morfgagee shall nofify mwtgagor of s change in tuch '
a~ount. Such sums sF.ali be applied by mortgagee toward ihe payment of real property ta:es, insurance prem:~ms, and mwtgage guaranty inwrance
i P~emiums_ .
i IN WlTNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year rst afwesaid. ~
~ Sipned, Sealed and delive~ed in the p?esence of: / /
~ ~ Cs- a~
~ G. Russakis ~n
' / eila F. Russ kis
~ ' - " ~
STATE OF fLOR10A ~ /
St. Lucie
COUNTY Of 1
~ Befwe me personally sppeared .J1ID G. Russakis
Sh i 1 a R R La c k ~ a his wife, to me well known and known to ms to bs
the individ~als deicribed in and who executed the foregoing instrumeM, ~nd acknowledged 6efwe me fMt thay exetuted the sarr» for the pwpose~ .
rherein eapressed. And the said Sheila F. Russakis
wife of the ssid .lim G. RLISS~C15 vpon s sep~rete end privat~
examination by me taken separate and apart from_her said husband, acknowledged to and befwe me that she executed said iMtrument fre~ly and voluo- ~
~ rar~ly snd without any comp~lsion, constraint, eppreheniwn, or tear of or from her ssid husbend. ~
W(TNESS my hand and ofFicial seal this day of Au US A p. 19 75 .
~ , ~
~ - FILEO ANO RECOFtO ~
~ ST. LUCfi. COCMTII FU. ~ Notsry Public i % w the Sut~ of Fbrids ~t larp~ `
ka,~E;, F~iTRAS My Commissi expues:
~ Return To: ~LQRX G~ i::~~j COURt ~ '1,lic, $tate of flcridn a1 lnrgs
Fint Fedtral Savi ~ a loan Association r q~ Netary P~ t97
~ "9 PFr^R". lE~~ iE _ _ u hA; Com.mi;.:o~ ~>F'*.-s tuly 44.
Of Pon P:erte. c. u~;,:~>;t~ Co.
~ 3 3a PN 15 6a•~~- n:..r
~ Fo?t Pierce, Fbrida ~ ~ u' '
~ 319~36'7 .
~ . ~
This Instrument Prepared By Gary F. Bllvrood _
First Federal Savings & Loan Association _ . . ; ~ ~,T - -
of Fort Pierce, Flor ida 33450 ^ t`•
Checked By ~ ' - ~ ~
~ - , i
~ ~ ~
~ Bo~K ~42 ~~f ~6~0 . . ~
~ .,Y ~ dz..
~ s~~" e . _ ,y.:~
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