HomeMy WebLinkAbout0267 J. To pl~c~ and cauinuo~~ly keep on ~M build~ngs now w INl~~{IN ~itWl~ W` f~i(~ I~fKI 1nd pIf ~{I ~u~~NM(~1 arld p!l~pMlly COVff~ b~ tAl{ T0~1a
+g+, with ~11 ptemiums tM~ton pa~d in full, hr~ imu~anc~ ~n ~h~ uaual •~•ndud poticy fam, in ~ wm app.o+ed by ~M MOk~CaAGEE, •nd wu.di~wm
~n~ur~q ie th~ uswl aarxiard pol;cy fwm, in • ~um ~pprov~d by rM MORIGAGEf. in sucA compa„y o~ canp~~~es a ~M MORiG:.GfE m~y
di.ecl; ~nd ~II fGe ~nd wie~d~twm in~wai+h oolici~i on ~ny of sa~d buiid~ngs. ~ny int~r~~~ ~hcrein or pa~t ~he~rol, i~ the a99~e9~~e wm ~iweaid a
in ~:c~ IMnoi. ~hall contain fM vtu+?~ ~~anda~d nwrtppe~ cl~uH w such othN N~us~ tM Malpagee may requu~. ma\inp tM loa undM ie~d polE
citi. ~ach ~nd ~vKy. paYab~~ ro ~aid MORTGAGtE ib intere~l maY app~ar. and c•ch and ~very such po~~cy sMll b~ p~ompfly a~s.9~ed w+d delivs~ed ~o
+~Y Mld by s~id MORTGAGEE ~1 (~rthN ~ecwity 1o wid mort9ay~ d~bt, and, nol I~u tMn tM (10) d~ys in ad+ante o( ~h~ ~xpirN~on of eath policy, fo dN
I~ver to uid MORTGAGEE ~ renewal tM~wf, ~opt~hN with a fKlipl fW th! p~lmium 0I such renewal; and ~here ahall b~ no i~~e or w~~ds~o~m insur~nc~
plec~d on a~y of taid buildinps, any inte«st 1M+~~n a part tMrwf, unle~~ in tM fo~m and wi~h th~ loa~ payab~e as alwasaid; ~~d in the evtnt ~ny ~um
of mon~y becom~s payable ~~der iuch policy ~w pol~ciN said N1pRTGAGEE ~hal) hav~ the op~~on ~o rece~ve and appty tM iune on accouro oi tM ind~btcd-
neu s~eurtd Mrtby pr b p~rmit ssid MORTGAGORS ro ~~taivs and uN it q any patt thrr~of fo~ o~ner purpose~, witM~t th.*ib/ waiving o~ ~mpair•
inq any puity. li~n a riyht a by virtw of this mortpaq~; ~nd in ~M ~vem w~d MORTGAGORS iF~all iw any rea~an fai! to keep tM ~aid pnmises w t-"`
insured, w iail lo dtlive~ promptly ~ny o( said politiss of iniurant~ to said MORTGAGEE, a fail promptly to pay fully any premi„m tMrefp p in any °
~espect (ail to pafann, diul~arge, ~xecut~, ~ffecl, complet~, comply wilh and abide by thii tovenant, a any parl ha~eof, aid ARORT^vAGEE ~~uy p1.c~ •.~d j
p+Y f« tuch irowanc~ w any pan thereof without w~fvinp or ~tfectinp any option. li~n, equ~~y. or right unde~ a by vi~tw of thi• Mortpa9e. and tM ~
f~u u~wvm of ~ach and ewry iuch paym~nt shdl b~ imrn~diately du~ and p~yable aod shall bear interes~ (rom ths da~e the~eof ontil p~id at ~ht rat~ ol ' +
nine pN centum ps~ annum and together wi~h i~ch Inreres~ sMN b~ ~acwad by the lien of tAii mor~yaye.
4. To p~?mit, comrnil a wffN no w~st~, 4npairmen~ a dNNiwation of said propaty w any part therwf.
5. To psy all ~nd sirg~lar th~ casts, char~s and exp~nse~. including s reas«ubte ~ttwney's fce and cosrs of absv~cts of title, incu~red or p~id at ~
sny time by said MORTGAGEE, bscaus~ a in tM ~wnt of tM failws on ~Fw part of ~M said MORTGAGOR ~o duty, promptiy and fuity p~rf«m, d~xhs~pe. r 's,
execut~, ~ffect, compk% complr wi~h u+d ab~d~ by e+ch and ~very the stipulatans, agreements, co~xlit~ons, and covenann of sa~d p~omissory note and ~h~s
mortyay~ ~ny o~ ~itha, snd said costt, tMr~es and eapNUes, esch and every, shall b~ immediately due ~nd payable; whe~her w not there b~ notice d~
mand, ~ttempf to cotlect or svit pend~ny; and the full amount of each and wery wch payment ihall bea. inreres~ (~e;m ~he dare ~hereoi until p~id at ~1:e
ra~e of oine per cenWm per arnwm; arxi all said costs, charges ~nd expenses ~ncurred o? paid, togeUxr w~th such i~terosf, iha:l be secured by the liee of thi~
rnortpap~.
6. Th~f (a) I~ tlw event of any br~ach d this Mort9ay~ or default on tFr part oi the MORTGAGOR, or (b) in th~ ev~nt ~ny oi sa~d sums of moray
herein nferred to b~ not promptly a~d f~lly paid within thirty (30) days nea~ afeei ~he same severolfy become due and payabte, withovt demand w norice,
cr (c) in tM ewnt ead~ and every tFK s~ipvlatiom, ~greem~ms, cond~tions and covcnams of sa:d p~omissary note and th~~ mortgaye ~ny a ai~her a~e nol •
iuly, promptly and (ully pertamed, d~scMryed. exetuted, tffeded. con+pkted, compl~ed with arxl abided ~y. then in eifher w any sucF~ tveM the sa~d ~
gregs?~ wm me~tiwwJ in s~id promissory no~e then ramaining ~~paid, with inte~e» acuusd, and all moneys xcured hereby, shaN bec+ortw dw and pay-
ab~e iwthwith, or thereaher, at ths oprion of said MORTGAGEE, ~s i~lly ~nd complefely as it ~II of ~he said sumi of money were aginally s~~pulatcd
ro be paid on wch day, anything in said promistory note w in thia Matgage to tl.e contrary notwithstanding; and ~hereopon o? thereafta at the opt~on Qf
~aid MORTGAGEE, witho~t ~otice w demand, wit at law o~ in eqvity, therefwe or thereafter begun, may be proucuted u if ali maxys secured hereby
had matwed prqr to iri institution.
7. Tlkt in Ihe event that at tF~s beginning of w at any time pendirg any suit upon this Mortgage, a to fweclose it, w to refwm it, w to eniwc~ ~
payment of any claims he~eunder, said MORiGAGEE shall ~pply to the Coun havi~g ~ur~sd+'a~on thereof for the appointmem of ~ Receiver, such Court shall
forfhwith appoint a nceiver of said mortg~ged property ali ~nd sirgvls~, includ~ng all and singular the income, prof~ti, issues and rerenues irom whatever
wurce derived, eath ~nd ~very ot which, it bsinp ~:pressly untle?stood, is hereby matgagcd as if sprcNically set fath and destribed in the yranbny snd
habendwn davses hereof, ~nd such Receiver shall have •II 1F?e kxoad and ef~ett:ve funct~ons and powen in anyw~sr entrusted by a Court to a Receiver, and
wch appointment sMll be made by such Covrt ~s an admitted eqvEty and ~ matter oi abwlute right to said MORTGAGEE, and without re(erence to ths
edequscy a inadequ~cy of the vsl~e of the prope+ty mon9a9ed a to ~he wtvency a in3olverxy ot said MORSGAGOR or the defendants, and that such
re~~s, profiri, income, iuues and revenves shall bs applied by ~uch Receiver accwding ro ~he lien or equity of said MORTGAGEE and the practice o( sucA
Court.
8. To duty, pranptly s~d fvlly pe?fo~m, discharge, execute, effed, complete, comply with and abide by each snd every the stip~rlatiora, apreert?ents,
conditions and covenants in sa~d promissory rate and this mortgage set fwth.
9. ihat in ths eveM the ownenhip of ths mortgayed premisea, w any part thercof, becomes vested in a pcrson other than the MORTGAGOR, fhs
MORTGAGEE, its wcceuwa and usiQns, rn~y, without norice to the MORTGAOR, deal with such wcceuw a successw in interesf with refcrence to thia
mortgage snd ths debl hereby secured i~ th~ same manr?er as with Mortgsgw withovt in soy way vitiating a diuharging the Mortyago~s' liability hera
under or upon the deb~ hereby secured. No ssk of tF+e premises hereby mwtgaged and no forbeara.~ce on the pan of rhe MORTGAGEE a iti successws
or ass~gro and no extension of the time fw 'he payment of the debt hereby secu?cd 9iven by the MORTGAGEE or ~~s successors w ~ssigns, shall operate
ro release, d~uh+rge, n?odify change a affett the original liabil~ry of the MORTGAGOR here~n, either i~ whoie w in put.
10. It is spec~fiutly agreed that tune it of the essence of this contract and that ~o waivcr of any obGgat'wn hereunder or of tM obliyation se-
cured hereby sMU at arty time thereaher be held to bs s waiver of the terms hcreof w of the instrwnent secwed herby.
11. In addition to the fwego:ng mor~thfy payrteents of print'pal snd imerest required by the prom:ascry nore setured horeby, rtwrtgagor tovAnants '
and ag.ees to pay to mortgaqee wifh each momhly payment an ~dd~rional sum esnmared by mortgagee to be equai to 1/12 of the annual cost of the fo{low-
ing: €
A-All real prop~rty ta:es levied a assessed against the above described real estate. ~
B-Premiums on fire and windstwm inwrance as herein requ~red to be carried on Ihe improveme~ts s~tuate on the above described premises. ~
C-Premiums on such mortgage guaranty inwrance as matgages shail from teme to time deem fil to carry o~ the ban secured hereby.
Mortg~gee shalt from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thcre~pon be due and
payable on the due date of the ~ext monthly paymem and each successive month thereafter ur,~il mortgagee shsll notify mortgagor of a change in such
amount. Such sums shall be applied by mwtgsgee toward the payment of real property taxes, insurance prem:ums, and mortgsge guaranty insurante
. premiums. -
IN W WHEREOF, tF~e said MORTGAGOR has hereunto xt his hand and seal the day and yesr first sforesaid.
led and del' ~d in the p+esencc of: '
- ~ f lE0 ANO RECOROE~ "
LUCtE COtINTY Fl l5e*~
Le~ J. Bar~no~rski
IlOCER POtM~S n"~
i CtfitX C~RCUIT COU1tT ~
~ ~~vn vER+F1E~ ' _ _
STATE OF FLORIDA ~ ~ry E Baranows~ca~~~~~~~~~~•,,~ n
~ ~ 3 45 PH ~T ~~l, ~ ~9L~~~~'~J,,
~ couNnr oF St _ ~_cie ~ ?~y A ~ ; ' ' - -
~ Befwe me personally appeared ~o J. Baranowski ~ (`fti15 ~ ;
~ `r "
~ :~Iary E. Baranowski ' ' .
his wiie, to erK w~ ~'pown irow~ZfO w~o~
the individwb described in and who ~aecutad tF~e foregoiny ir?strument, and ~cknowfedped befws me that the"y ~xeiu~i;the~ fo= tl~;
~ therein ezpressed. And fhe sa' . . ~ .
,NIFe of ths pid ~ % y~~ ~rv
~ • A8 st~
e=aminatan by me taken sepante and apart from her said husband, ~du~owledged w and before t 1 she ex~cvted iaid~i~fljne~t~~ volun- -
~ rar~ly and withovt a~ryr compubion, cantroint. ~pprehension, or feu of o~ from her said hviband . .
ntf.~~\``
~ WRNE55 my haod i11d OHICNI seal th~s ~ day of a A D 9 77
~ - _ _
~ Notary Public a~?d w the State of f ida ~t Lary~
~ My Commiuion ~xpires:
~ a~r~?~ ra PAl:f E! _ ' ' _ . : i
` first Federal Savings 3 loan Associetion . .
: E:otary Puf,~., - : - , -
Of Fort Pierce. .'=3 ~_a;~8
~ Fort Pierce. Flwida ~y v0irim~SS.'•:~ .~•.;.-.1 IiS, ~'f,'~i~.
i Bc,ndod tbtu Gane~at f:v:~s:.~ce t;rd~mri.er9 ' -
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~ This Instrument Prepared By Gary :+i. Dobbs
~ F~rst Federal Savings 8~ Loan Association ;
~ of Fort Pierce ;
: Fort Pierce, Florida 33450 ~UG 4 ~977
~ Checked By - ~00K2~ ~
~ ~ R zs~ ~
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