HomeMy WebLinkAbout0120 3. To pla;e and con~inuo~~s!~I kee~ on Ihe a~,i'.fngi ~o v ar hereaher l~i~~ate an said land rnd on all equ?pmrnt and pe~SCnal!y cove~ad b~ ~h~i mortg•
ege, with all premi~:ra the~con pa'd in ivt~, fuc i111U~~i~1CC ~n ihe vs~~al standsr~l poli;y (orm, in a sum approvcd by ~he l.`ORIG%.GEE, ~n:! ~vindstorm
(nsuren~a in tha v~~a! s~anda,~ Y:::cy lorm, in a svm approved by the hWRTGAGEE, in ~uch cam; any or ~ompanies as the MOkT'~A.GfE may
_ direci; and aU (ire and w~ndstor.n ins~ra:~ce polit~rs or~ any o( sa~J bai'd~rgs, eny in•ereit thts>in or part thcreof, in t'~e agg~ega+e w~n alo~es~id or
in ex~ess Ihereof, shall contair, ~he vsual standjrd mo:'.9~gra ciause or wch o~her tijuse as the Mrtgagee n~ay rtyv~ra, making ~h~ loss unJc~ sa~J pofi•
ctrs, each ar;2 every, payat.'e io s~~d A10RfGAGEE as ~is I-terest may appear, anci eacn and every iuch poGc~ ~hall be pro:,,piiy rs:9n~d er•d deEiver~~d ~o .
any he!d by sj~J MOC~IGAGEE as (urthe• securit~ to s.+~~l n o~lc~3ge debt, and, not less than ten (tC~} days in advance o( thr eRp~~atlon of each pol~cy, to de-
liver (o taid A10RTGAGEE a renewal lhereo(, toyelher wilh a retcipt for ~he prrmivm oi such renewal; and there shail L~ ~o (~ro or ~vindstnrm insuran~a
: ptated on any of sald buitd~ngs, an~ ime~est thercln or par~ therco(, un!eu the form and with the loss pavablr aY a!o•. se:d; and 'en the evenl any sum
i of money become~ poyable unde~ s~ch policy or poLcies said AIOFiGAGEE sh~ll have tha opGon to reccive anrl apply Iha ~ame o~~ sc~ount oi the indctsted•
n>is secured hereby or to permit sa~d MORTGAGQRS to rectivo and use i1 0- any pa~l ~Lcrenl for othcr ~:urF•osrs, v:Ithc~t ~ti u~ w.:.i:r7 cr rnp•~in
(ng any eqvity, Gen or ~:7ht und_r or by virtua ol t4is mor!gagr; ard in Ihe event sa:J M02TGAGORS shall (or any reason (ail lo k~•ep the said prem~s~s so
insureJ, or iail to detiver p:anplly any ol said poficies oi ~nsurance to sa~d MORTGAGEE, or fail prompfly 1o pay f~lty ~ny premium therelor or 1n any .
rosp (ct fail to per(orm, d~stharge, exec~te, e(fect, complet~, tomply with and ebide by this toven~nt, or any paH hareo(, s:~~d h10RiGAG"cE •nay plate and ~ j
pay o~ such insvr,~nce oi any parl thereof •,vithout tivaiving or a{(ec~ing any opt~on, tien, equity, or ~~c~ht under or t,y virtua of ~his hlortgage, and the . :
fuil amovnt uf each and evz~y svch pay~nent shall be immedi6tely ;lve and nayable anJ shall bta~ ir~teresl (rom th.:'date thereo( until paid at tha rate ol F
nine per centum ~er ann~m ana to~zth~; r,i~h such intercat sh~~l be secured by Ihe lien of this_ntoitgayc. _ ~ ~
= d. To permit, comnit or suffet no wastc, impairmeN or deterioration o< <~id proper~y or any part thercof. _ ~
5. To pay all end sirtgular the cosis, charges and expenses, ~ncluding a reaso~able anomey'~ fee and cos~* o! abstracts of title, incurred or paid at ~
ar•y lime oy said R10QTGAGEE, because o~ in tke evero of fhe failurr an the. part of tne aaid h10RTGAGOR to duly, pranptly and fully perform, d~scharge, .
~ exetute, eftect, ceriplete, comply with and ab:de by each anH avery thr atipulat~ons, agreemems;'~onditicns, and covenants of s<5~d ~.romissory no:e r•~d th~~ -
~ mortgage any or eithzr, and sa:d costs, chargrs and expenses, each and every, shal~ be immedialefy due and payable; whe~her or no; the~e ba notita d~
. mand, altempt to collecl or svit pend~ng; and ine fvll amoum of each and e~~try svch paymenf shall bear imeree~ lrom the da~e thereof uniil paid at the
rate of n~r.e per tcntum per an~ium; and all said tosts, charycs and exp:nses intwred or paid, togcther with outh interesl, shall be seturtd by the ~ia~~ o( this
mor~gage.- • • '
G. That (a) in the e:~ent of any breach of this ASortgage or defav~t on t~e part o,' the 1dCRTGAGOR, or (b) in th~ evenl any of said sums of money~
h~ere+n rtferred to be not promptly and fully paid wiihin ih~~rr ~3~) days next aft,:r Ihe same severally become due and payab!e, withou~ .~emand or netice,
or (r,) in the r•.rnt each a~d every the stipu:ations, agreements, cond~tions and covenants oi sa;d prcm;ssory note and th~s mortgaae any or e~~hzr are not ~ 1
~~uly, premptly and fully aerfprmed, d:scharg•_d executed, eifected, completed, compl~ed ~vi~h and ab~drd ~iy, the~ in e~ther or any :uch event the ~aid ag•
greqate sum mentioned in said promiisory note then remainin3 unpaid, with iNerest accrued, and all moneys secured hereby, shatl b_•come due and Nay
, abte forthw~th, or thereafter, at the o,r.!ion oi s3id h10;tiGAGEE, as {u;iy and completely as ii aU of ~he said s~ms ~f money wcre or~gina:ly si~putated
• to !~z pa:d on such day, anything in sa:d promissory nale or in lhis hlortgagr 10 Ihe cororary not.vithstanding; and thercu~on or thcreafter at tha op~~on of
• said h1URTGAGEE, witha::t not;te er demand, suit af law or in equity, therefore or the~eafter begun, may be prosccuted as if all moneys secwed hereby '
had mawrrd prior ro its institu~;on_ - - _ .
7. That in tha event that at the beginnlrg of or at any time pend~ng any suEt uRon 1h~s Mortgage, or to forectose Et, or to reform it, or to enforce ,
payment of any tlaims hereundcr, said h1~J4TGAGEE sha~l apply fo the lourt having juri:dluion !hcraof far l::e appointment of a Rece~vcr, suzh Co~r1 shali
forth~vith a;,pa;nt a rece~ver ot said mortgaged praperty a11 a~~ sing~lar, indud~ng all ~nd singular the income, prof~ts, issues and revenues from whntever _
source dzriveJ, each and every of •hh~ch, it ;,eing exprassty unde~stoc~, is hereby morig~ged as if speufically set forth and d>scribed in the grantinr. anu
habendurn ctauses hereof, and :uch Receiver shall Aave aIi the broad rnd eftecr;ve funct~ons and powers in anywise eniii,sted by a Court to a Recri~er, and '
uch a~poiniment shall be made oy such Cowt as an 3dm~ned equit~ and a maner of absolute r~ght to sa;d MORTGAGEE, and w~thcut re~~rence lo the
aaeqvaty or inad~quacy of the value of the property mcrlgnged or to the so:vency or insotvency o( said M~RiGAGOR ot Ihe dz(e~~daros, ar.d that such
rents, profits, income, issues and revenues snaU Ue appGed 5y such Receiver a~cord~ng to the lien ar equiry of said MQRIGAGEE an:~ the praUite oi wch
Court. _
8. To daty, prcmptly and fufly perform, dixcharge, execute, effecf, complete, compty v~.•~th an~ abide by each and every Ihe stiputations, agreements, - -
- cond~tions and cove~anrs in said prornissory note a~id th;s m,rtgag2 r~t lorth. ~
9. Tnat in the evant the ov~~ershtp of the mortgaged piemises, or any part thereof, becomes vested in a person other than the 1~10RTGAGOR, the ~
MORTGAGEE, its success~rs ar.d ass~gns, may, wifhovt notice fo the tAORTGAOR, ~eal with such successor or successor ;n interesi w~th rrferer.ce to thin
rr.ortgage and the debt here5y secured in the seme,manrer as with Mo~tgagor w~thout in any way viiiating or d~scharg~ng the t.lortgagors' liability here• ~
vnder or upon Ihe deb! hereby secured. No sale of 1he.Fremises hereby mortgaged and no forbearance on the part of the )AORiGAGEE or its suc~esson
_ or as:igns and no ex:ensio~ of the t~me for the payment of the debt h~reby secured given 6y the t1lORTGAGfE or its successers or ass?gni, a~;all operote ~
to release, d~scharg~, ~ed~fy thange or affect the o~iylr.dl liab~l6ty of the I~tORiGAGOR herein, either i:~ wh~le or in part. - ~
)0. It is spec~~itally agreed that tima is of the :ssencz of this contracl anc! that ro waiver of any obligatian hereunder or a;5 the obligation se- -3
cured 'he~eby shali af any time thereafter be he;d to be a waiver of thc terms hereof or of 1he instruriient secured h:rby. ' .
11. In add~l;o? Io thc forego'ng rnenth!y payments of princ'pal and interzst ~~auired by the prom~ssory no'e secured hereby, morlgagur cover!ants ¢
and ag~ces to p~y tc mortgagee ~vith eaci: r,.on;h'y psyr:~ent an edd~rio~af sum esti:na~ed by m~rtgagee to be ^ctual to 1;`12 oi ihe anr~vat cost of thc follow-
ing: - . i
A-All rea~ prcperty taxes ~ev;ed or assesscd agai^,sr thc af:a~e described ~cal esta!e_
B-Premiurnz on iire and windstorm insurar,ce as herein teqv~red to be carried on the improvements s;tuate on th~ obove d~scribed premises.
C-Premiums on such rr.ortgage guaranty insure::ce as mo~tgagee sha~l fro~r: t~me ro time deem fit to tar."y on the loan secored hereby_
~.lortgagee shail from tirne to time not fy mortgager in v~ritir~g of the a:r.ount dce and payable hereund2r and such su:n shaiJ tnereu~on be due and L
payable ~n the d~e da!e of th_ neat manth:y p~yment and each successive momh therea(ter ur,tif morfgagee shali noGfy mortgagor of a change in wth ~
_ amount. Such wrns shali be appfi_~ by mertgagee to:~ard the pay:rent of real pro~rty taxes, insurance prem;ums; and mortgage guaranty insurance ;
premEums. ;
IN ti'~ITr~ESS 'l~NER~OF, the said ~.1QRTGAGOR has hereunto set his har:d and sca) th2 day and year first aforesaid. . '
_ ;
: Si9~ed, Sea!ed. and delivered in th~ preser.ce ef:
FItEt~ ~t+:i?R~JfO ~
J ~
- ST.UJC:: (~l~t~Tlf ~l~_ _ _(Seaq i
R~'~--`~.~`~'~~"~S, 4 Rotsbyn L. Rusko a sinqle a~~~~.t ~
. C1.En~ : • ~~U. COLRI ~ ~
. ~ ' oc,^i'~-.'r~~,:fiGt'~ ($eal) "s
- - - -4
t ~ ~ 1~ ~1 ~'1~ ~Seal) i
STATE Gf fLORIGA z
COUrJTY OF St I t~^ ia ~ " ~ _ ~~~~j~ 3
, 8efore me personatly ap~ared _ _ __«O~r~yn ~-._'~'Lt~j:O~ 1 C1Il~)~f? 1cjUlt _ '
---Vr---------~------~-~---- _ Kf~sritr, to me well kno:vn ar.d knov:n to me ?o be
tiie indi~i~ua~ de~crib~d in and ~tiFo executed the foregoing inslrument, and acknew~edged before me that_sf:e exetuted the s3me for the purposes
~ thereln expressed. And-1he.•se;~ _ i
I wife-ef-~I+~aeid--------------------------------------- - vponaieparat~ar+d.-pciKei~e ~
~I emamaat~w?-by-rae.takea sopxu~ i~d.ap~ct_{soa~h¢~ w+d-lwsbandr.ac~rnowladged_to ar~d..beiece.+ne~hat sFy.ezAtusodsaid instwmani freely~udvnLan: 4
! ' tas~{y iwd-w;1hr~1 2iwt-c~+w,~u:ci~r~ -cer~trainy+Aprelvensionr or- oa~ -sf- «-`:+om-~HFSaid kvtbaad.
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WITI~E55 my hand and official seal this_ _ 6~ day of ~ A. D. 19 ~
~ - ~ ~
- Notbry Public in and for State of Flurida at targe
- My Commission expire~c ~
~ Returre Tc: -
Fint Federal Savi,igs. u Loan Association ~ _ - - - ' ~
- OD Fort P;erce. ~ Ttvtos PubG~ S1ots of Florida ~t tarq~ - ..~~:~,~~t:l~~+c~ - ~
, Y ~ • `tj ~
I Fort ,erce, f.orid~ ~
~ - lyly Cae,mis:`~~ E~Q:r~s Otl. 30. 1976 ~ . :
~ fifi ti ~07tJO~fj CO. ~ °-*,t,~;-,s,'~ ~ . 3
_ _ ~pnd:d bp A~cnccn _ - . • ~
_ ~'~r~~-; ~ ~ ~
- . ; y -gr;. ;~i
~ Thi~ Instrumer~t Prepared By Gary r . Ellwood ` j = ~ a •
First F~deral ~ Savings 8~ Loan Association , ; { `'~<f , '
of Fort Pierce~ Floxid~-~ _ _ - ~ y , _ :
_ ~ F ~I'~~ .
, ` ti ~ - ,
Checked By.~~ ~ R ~j ' ••,f ` -
- ~~~x~ ~r.~ - . ~ _
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