HomeMy WebLinkAbout0256 3. to ptece end iW11~f1UJUlly I1EPN Of\ ihe b~~ w~~gs now o~ hr~~~eiier a~•.,e~e ar ~,:d 'e~~J .,•~d ~.n aC .~.~N.;..nt o~:ci ;•<ncnatl~ co.elr~d bv is +~•=,•+9
a~e, w~th all Fvem~~ms ~hereo~ pa~d in 1~11, t~re ins~renca in ii~c u~~et scan~aid po~~cy 1Urm, in a n~,m a~,N~o+ad by iV~t i~~J`I J~~VEI. ~~~d .:.•,dawnn
r.s~rance in ths usual s~and,•d po!.cy foim, m+ sum appro.ed oy ~hs A~GRiGAGEE, in wch ca~~~~ny or cu~~l,o~~.es as ~h~ htC~k(I,AGFE rney
J~rrc~; •nd alt fire and .r.ndstor~n insu~ance poi~c~et on any of sa~d b.,~id~ngs, e~y inrere~~ thc•rzu~ ar ~art ~hrr.-u~, in ihe ayg~~9~~e w+n a~oriso~d or
in excess therNf, tihall coniain the ~~uai standud mo~t9agee clause or such aher cisuse aa ~he Mt,rtgay~e ~~~ay ~eyu.~e, mal~r,g tr,e ~o~s ~r,Jrr a~.d poi~-
c~es, each and evrry, pa~o~!e ro sa~d h1JRTGAGEE •s ds ~~terest may ~ppaar, arzd each an~ every wch po~.c~ aha~i ue {,ron,ptiy asay~.rd and de:~.~rzd ~o
any held by sa~d MORIGAGEE ~s funha~ ~ec~riry to s~id mwtgage debt, and, not less than tr~i (~0) jars in ad.a~•ce o( the exy~~at~on ol each po6cy, io de-
I~~er to said ?AOR~GAGEE a icnewal thereof, ~oge~hrr with a rece~pl tor ~he premi~m o( wch rrnr+~a`; a,d it,r~e sh:,li be rw i~~e o~ w~~~dsw•m i~~wrorue
p!aced on any of s~:d bui!d~ngs, iny intcrest the~ein w par! the~eof, unless in ~he (orm ar.d xith ~ha ioss pe;able as atu~eiaid; and in tne evero any sum
of money lxcomes Nayabte ~nder wch policy u pohcias said IAOkTGAGEE sl all have ihe opt~on ro rece~vc •~~~d .,F,~.iy the s,~n:e on eccount o) the indc~t•_d• .
ness secured herrby a ~o pera~n sa~d MORTGAGOR$ ~o r.:caive and ux it w any p.,n u,.• .~of iu~ c:~:~ r+-.: -.ti•>. ;.,r !~,..•.:~r ,;r
~ny eny eq~ity, Gen or ~~yM u~dar or by virtue of thia mo:tgage; ~nd in the event sa~d MORiGAGORS ah~!I ro~ any reaion fail to krcp tt~c sa~d prem~srs ~o
!nn~•ee~ o~ fail to dclhrc. pron.ptty any of said poi~cies of insurance to sa~d MORTGAGFE, or f.,~. pro":;.tly ro ~.ay f~.~y any ~„m th•~r_to. o~ ~n a-~y
re~~ ac~ iail tp perforrn, d~sthorge, exec~te, effttt, comp'ete, comply with and abide bt th~s coveno:v, or any ~~.u~ f•:r~of, s.~~d ;t.Vk?;,~:GEE n,ay p:ac~ ~ e
pai for wch inwr4nce c~ any par~ ~hr~eof w~~hou~ waiviog or affeding any opaon, tien, equ.ry, or r~yhr w:de• o~ b; vurue of rh~i t,tcrtgaye, a~:3 ~h<
v,'i emw,nt of eac~ and e.ery svch payr.~e~1 sh.,ll be immediatety d~e and payable and shall bra~ imerz•ai from ~hr dofa ther.ot un:it p;,~d a~ ihe rare o1
n~:,e p~r ten~um per an~um or~d t~~ethcr w~~h s~ch interesr shali tx srcurrd by ihe lien of thi~ mortgige.
d. To permit, commit w suffer no wastc, impaitment w detcr:oration oi said ptoperty or any pan thereoL
5. To pay all a~d s~ngu~ar thc costs, char9es and expenses, ~nctuding a reasonable attorney's fee anJ cosis of a~s~rocts of t~t'e. inc~rred or pa~d ar
,~,y t~me by aaid b10RIGAG:E, because w in ~he event of the failure on ~he part of ~he sa+d MORiGAGOR to duty, prc~»ptly and fuiiy pe~iwm, d~scha~9r
_._c~.,re, eifett, complet~, comply w~th and e6:de by each and every ~F.e ~tipulanons, agrrrments, cond~t~ons, ar.d covenanrs of a,~d p~o~n~s:c:~y note end ~t~~~
„o~rgage any or e.thcr, and sa.d cosrs, charg..•; ar.d expenses, each and every, shall be immrd~a~c:y due and pa;a6:e; whe~her or nof rnere te nc+~ce d:- ,
n.and, attempt to collect or suif pend~ng; and the full amount of each and every wch paym.ent shatl be.~~ ~n~crrs+ from ~ne date thereof unr~~ pa~d at U:r
~ o` ni~e per centum ~•~r ann~:n; a~~d all said co31s, chacgrs and ~apenses irK~rred w paid, toyrther •.vnh su:h interest, ahall be sewr~d by the Gen of th~s
mortgage.
6. TM1 (a) in ~he eveM of any breach of lhis Mortgage or default on the part of the MO~iGAGUR, or ;b? ~n the ev~nt any oi sa'd w~ns of mo~ey
hera~n reEerred to be not promp!ty and ~uily paitl w~thin th;rty t30) days next airer the sarne se:e~a:ty beco~-~~ d~~e ~nd pa~.+b!e. +v::~~ou~ uer.,a^d o~ ~cncr,
,J in ~he event each ..nd every the stip~lat~ons, agree.neM1ts, cond~tions and covenants of sa.d pro:~~issory rw~a a~~J t~,~s :uo~rgage any or e~~her mc rtot
i„ly, promptly and t~!ly performed, d.scha~gad, executed, effected, completed, compfed w~~h and ab~ded 5v. then ~n e.+her or an~ wch event the aa:d ag
g~.~;ate sum mrnnoned in sa~d promissory note then remaiaing ~npa~d, with interest acuued, and a:~ moneys secured hereby, shaif becume d~e and pay~
a~ c forthwith, or ~herea!rer, at thc cp~~on of sa~d MORTGAGEE, as fully and compler.ly as il all of the e_~:d s•.,ms of ~noney v.e.e o~~g~~~a.ly s~•Fv.arrd -
ro he pa,d a~ a~ch anyihing in sa:d pro~~~ssory note or in th~s Mo+tgage to the co~~~ary norw;Tfista~~d:+~g; a~~d ~he~~~pon or thrreafter a~ ~he e,?t:on of
s~ :i .VIORTGAGEE, w.~hcut ncr.ce or demand, auit a1 law or in eq~~ty, thereforo or the:eafier txg~n; n:ay 6a prosr:u~cd as if all mcnr~s sewred hcreb~
r,,,i matured pnor ~o as mstrt~hon_
7, That in the event that at the beginning of w at any time pending any su~i upo~~ ti~~s 7Vtortgage. or to f~r«(ose it, or to re~orm ir, or to enfo+ce
~~,rnent of any Ciaims herC~nder, said L1pR1v~GEE sha~I apply to the Courf havmg ;;,rnd~c!,on thcreot for the apNe~nnnent of a Recerver, such Cc~n sha+l
f; *h,,r~th appoint a receiver oi sa~d mortgaged properfy a~: and singu!ar, inctud:ng all and s~nyu~ar t~e i^come, p~ot~ts, issues and re.enues fro.n v~.h,fever
s~~•ce derived, each and every of wh~ch, it be~ng e.press~y undera+ood, is hereby mo:~gagrd as rt spec,f,cai;~ sr~ iorth and desa~bed in the g:ar~+~~~g and
1,a::er.dum c!a~ses her~rof, and such Rece~ver sha11 have a:l ohe broad and eff~cf~~e func~.uns and pc.~en m anyw.se r+~+rusfed by a Cou~t to a Rec~~~er, a~.d
s_,h appoinrme~it shalt be made by wch Co~rt as an ad~-~itted rqv~ty and a matter ef abw~vte r:gM to sa~ci 11!ORiGAGEE, and w~:hcat refere::ce to t~:e
a~'._=quacy w inadeq~ac~ ol the va'ue o4 rhe p+operty mor!gaged or M the scYe~cy cr inco:vrncy oi sa~d :10RiGAGOR o~ the defe~~dants, and that such
~,rs, profi~s, inceme, isaves and reve~ues sha+l be a;,plied ny such Rece~ve~ acco~d.r.g to the ~~rn or rq~~:y of sa!d MURiGAGEE and the pra.nte of wch
Covrt. _
8. To du!y, prom.ptF~ a~d fui~y pe+form, d~scharge, execute, effect, compiete, cor.,pty w~rh ar.d ab~Je by each :nd every the st~pufa~lo^s, agree:nents,
.c~d:r~ons and cavrnan~s ;n said promisso:y no7e and ~h:s morigage srt iorth.
9. That in the event the ownership of the ~ortgaged prem:srs, or any pais tnereaf, becomes vested in a pc~sen o~her ihan the MORTGAGOR, the
.'^RTGAGEE, its succesurs and assigns, may, without not~ca to the AAORTGA02, deal w~th such wcceuor or wccessor ~n ~nte~ea~ .v~th reEerence to th~s
-_~'gage and the d~bt Re~eby se.vred in the same rt~~~~er as w~th !'dorl~agor w:lhoui in any way vil:atinq or d.,c~~argfng the l.lortyagori' I~aGii~ty hE~e-
.•:ie~ or upon the drb~ here~~ sec~red. N: sa'e of tt~e ~:~em~ses hereby .nortgaged ano no fcsbeara~ce on the pan o~ the /d'JRiGAGEE or its successo~s
_..s.~3ns and no ex'ers~cn ot s.~e tu,,e for the pay-ren! c't +he debt hereby secwed g~ven by ~I~t I.10RFGhGEE er :ts s~cceason ur ass gns, al~all operate
~o ie ease, d~scharge, mod~fy cF.ar:ge o~ effect the or~g~nal I~ab~t~ty of ~he MQRiGAGOR herein, either in whoie or in part. _
10. It is speufica;;y agreed that time is of the essence of th~s co~traa and that no wa~ver af any ob:tgat~on hereunder w of the obligation se~
,,,r~~d hereby ahalt at an~ time thereafser be he:d to be a vfa~ver of the terms hereof o~ of the ins+rvmero secured herhy,
11. In add tio? to fhe forego ng month!y paym^nts of princ paI and interes~ ~eq~ired by the ~,ro~n sscr; nc'i- s~~ured hcr~bt. ^~ortg3~o~ covenants
+-r~ ,g~ees ro pay ro rr.orrgagee vc~th each mon:h:y pa~rnent an add~rfonai wm es~~~~a~ed b~ ~*wr~gsgee to be equat to 1 12 of fhe anr.,,ai cost of the ioliow-
A-Aft reat F.repe~ty ter,~s tc.~ea or a<_sess•:d 2Cj1~'~St thc aF.ove desv~bed re-al estate.
6-Fr~r,:~u~-.: Fue and .rndatocm ir~su~.~ ce as here~n reqv:re~ ro be ca~ne' c~ rhe .~n;;reve^:eits s~~uate bn tFe above d_sv;bed premises.
C-Premiurt s on such mcrtgage gua•amy icsurarce as mertgagee shal! fro.r * me ro t~.r.e deem f:t to carry on tne loan sec~~tid hereb/.
1,lortqagee s~-.>'f 4~cm n ne to f~••,e nce:fy mcr~g,gor in wr~t,ng of the amo.,~t due and payabie tiere~nd: r and such s~•n sh;'t therev;wn be d~e a^d
.:'e on the d~e dare o? +ha nrx~ month:y payment a•~d each svccessive mor.th tnereafr_r urt~! mcrtgagee sha!1 r.ot:fy mortyagor of a c~~.;nge in sv:h
,nt. Such sums s~a'~ be a,.;:.~ed by mortgag^e toward th.: payme~t of real propesty taxes, insvrantr pre:n.ums, and mortgage'yuaranty insurance
.,;ms. ~ ~
i IN WITtlESS '.':Ni2~OF, the sa~d `1!ORiGAGGR has hereunto se~ his hand and s•~af rhe dry and year fint a~or~sa~d.
E Signed, Sea:ed a~d delivered in the presen of: p ,_w
J
~ f'~ } FIL.U AMD REC~POE ~ ~U-~~ ~ J~`~'-°`l (Seat)
~rf- $1. ! UCIE CO'1N'v FL~ .)O .J. ZU d}? _lSeaq
r F.4GEF. ?C~-R..S
; _ ~r ;.~~t:.'.i . - ' (Seal)
_ • ~ . c ~ ~ r ~ _ ~ C 1 ~L'. Ll •z' (Sea~
~ - 'E OF iIORIDA ~ Zl 3 26 PM'1R 39'~94ti ~''~~~a , ~ " =
~ _ , ^ ,
~ _ . , :,,r of St . _Lucie ~ _ ;
~ ; ~ = _
John J. ~ W ~
B4fore me per r,ally appe ed Zu9ay ~ ' ~ b"- fid
~ ~anCy ~ . .-ugay . % ` :
h~s wife, to me ve611tTcndwn~i~ }cr.own t0 jr~ dbe
, ind~viduafs dexr~bed in and who exec;::ed the foregoing inst;ument, snd acknowledged before me that they eaetu~~{~e saA~f~ tl?~~w
•
~ ' ; - ~
~--.•_~n expressed. And the sa~d Nanev 1. ZLIQaV • •
~ . of the said `10t1t1 `J. Zugay '~,,,i,~i$p~;ue~~ P~ivata
T: nation by me taRen separate and apart from her said husband, acknowtedged to and before me that she exew!ed sa~d ~nsiFUtp{y~~~ a~d volun•
~ ~ y and w~tho~t any compu{sion, tons!raint, apprehens~on, or feat of o? from her uid husband.
~ WI7NES5 my harw~l and offic~al seal fh~:_ 23rd day of March A. D. 19 7A
l ~ -
Notary~Q~c in and for the State of Florida et large
~ My Commission expires:
Return To:
F~rst Federal $avin~s 6 lo~n Assouation
~ Of ic~t P erc~.
> Fo.r P;~=rce. Flcride ~j(. 0~ F~OII~ a~
~ I~A~r Coauuissan Expites Aug. 30. 1980
~ ~ Iv.aw b w..r~++ ~ Gr..rr co~w+n
~
~ This Instrument Prepared By Gary F. E11wOOC~
~ F.rst Federal Sav+ngs & Loan Association
~ of Fort Pierce
~ Fort Pierce, F!orida 33450 g~~~$4 ~f 2~
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~ _.,,~:ked BY - -
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