HomeMy WebLinkAbout0556 3. To placa and coroinuous~y ~eep on the bui:cl~ngs now or hereafter siluale oti sa~d land and o~ ali eryui}~~~~enl end personaily toverocl by ihis morig• -
ege, with all prtmiums iherocn paid hi fuil, t,~u i:isurancc ~n Ihw u~val standird po+ity (orm, in a'aum epprored hy Ihe MC~R(GAGFE, and w~~~dstor~r ,
insurance in ~ha uswl standard pof:cy tor~n, in a:u~n approved by ihe MORTGAGE[, in such co~npa~~y or cvmpanies as the h10~TGAGEE may `
diratj and aJ lire anJ w:nJstorm inswar~ce polici~s on anv of sa~d build~ngs, any imcre:t theici,i or part incrooi, in the ag9regaia ium afaesaid ur
ln excess Ihereo(, shall contain Ihe usual stand3rd ~norl9agce <laus~ or such o~he: c!ause as tho h1or19age. mey re~v~re, makino iha io~s ~~nJer t+~J poli-
ties, each and every, p.,y~6!r t, said A~ORiGAGEE as ~ts int~rast ~,~ay apprar, a~d'each and every iuch po'.ity sLa11 be promptl~ ais9~~rd and defivered to
any hrld by said h10RIGAGEE aa (ur~har secu~ity to sa~el moct~age d~b~, and, no? !ess than ten (10) dars in aJvanco of 1he ezpirat+on o~ each poGcy, to dr-
live: to said A10RlGO.GEE a renewal th~reof, to9e~Fer .vith a receipt (or th~: pr~mium oi such renewa~; and Ihere shall ba no (~~o u~ .~inds~onn insuranca
pla<ed on any oi said 'ovi'Jings, ~-ny intet est there~n or part thcrcoi, uni~ss in tne for~n and w~th the los~ ~~ayabtc as aforesaid; and in thc evant any svm
of money becemes payable unde~ such policy or pol:ues sa~d I~1~RTGAGEE shall have ~hu opG~n to recaive and app~y Ilin same on accoun? oP Ihe indebtrd•
ness secw~d heraby or ta permit said A1UR7GAGORS to r~ceiv~ and usa it or an~ pari tl~an•of tor oti,~~r pu~~~:~~es, w:~hout th'r~ i+r 'x.:~'+~~~J ~'~'Pa~'' '
tng any _quify, lien or rigl~i under o: by virtua o( this mo:tyaj7a; a~d in th~ event sa'd h50~TGAGOR$ shsll for any rea:on fai) to keep thv said pre+nises so ; f
insured, ~r iail to de~ivar H:omplly eny of said pol~ties of i~~surance 1o said h10R1uAGEE, or iai) pramplly to pay {ully any pr~~nivi*~ therefor or in a~y -
r~sFec1 (ail to per(omi, distharge, e~ec~tr, e(fect, tompleta, compiy ~vi~h and abide by this tdven~n~, or any part hereof, said M(~RTGAGEE may place and
p~y (or such insurance Gr any part thirroF ~vithout waivinq or affe<~ing any option, li2n, equit/, or ~i~~hl under or by virtue of Ihis l,lo~tgage, an~ the
fvll amovnt o( each and ece~y such payment Fhall 6e immediately d~u and ~yab!c a+~d shall bear interest irem ~tha dale thereof ~ntil paid at tha ?ate o1
ninc per ccroum per annurn ai:d loge~h~~r ~+~th su:~~ ~~~teresr shall b_~ s~tured by Ihe Gen of Ihis mort~age.
4. To permil, tommit or suffer r.n ~v:a-,^, lmpainn,nt o! deterioratioa oF said pro~e~ty or any part ~hereof.
5. To pay all and singular the tusn, ~haryes ar+d expenses, inciuding a reasonnb!a auomey's tee and cosis of ab~tracts of title, incurred or paid at
any fi~t:e by said h!ORTGAG.E, 6ecauie ot in tne event of tha failure on the pan of the said h10RTGAGOR to c~uly, prornp~ly and (u!ty perform, dischargw„
execute, e1(ed, complete, con,ply w~th and ab:de by each and zve~y the st~pu!a~~~ns, a~reements, cond~~ions, and covenaros oi said promissory note and this
mortgage any or e~~her, and sid costs, charges and expenses, each and every-, shall be immcd~a~ely due and payab!e; whelher or ~ot there be nutlce dr
" mand, attz+~pl to colleU or suit pend:ng; and thc lull ameunt of each and eyery such paymeM sfia!1 bear interest from Ihe da~a thereoE unli! poid at the
, rate of n~nr per cent~:o p~r a~i~w:n; a:~. ~fl sa~d «~sis, cirarr~es and e=Yens~s i~x~rred or paid, toc~elher ~,vith such iMerest, shall be secured k:y the tien e4 Ihif
mottgage. _ -
' b. That (a) :n the evc~t of any breach of this h1orl~age or defaul? on ths part of th~ 1.10RTGAGry~, o~ i~) ~n the evenl any of sa?d svms of money
fierein re(erred to be ~ot promptly and ~ully paid w~thin th:rfy (30) d.iys next aft~~r ihe same sc:4raily become due and payabte, without demand or notice,
or (c) in the event each a~d every the.stipula!ions, ayreemems, <or.d~sions and cavenP~ts of sa:d _~omissory no!e and th~s morlgage any or ei~her are n~l
~ iu1y, promptly and iully ~erf~rmed, Js:hary~~d, execut~d, efiectcd, <ompteted, cemp:i:ed.v.~~h and abided Sy, then in either or any suth evp{t the said ag•
greyate sum mentioned in said promissory not~ the~ remaining unpaid, with interest acuued, and all moneys secured hereby, shal) beco~ill~ due and pay
able (orthwith, or thereafter, at thc eot~o•~ of saiJ 1.1021~'iAGEE, as fulfy and complrteiy as if al} of 1hc said sums of money wcre o~~g~nally sGpulated
~ Io 6e paid on soth c~ay, anyth~ng iz~ sa'ci prootissery note or in this 1.lorina3~' to ~h_ to~.trary nol~,vilhstandiny; and Ihcreupon or thereafler at th? option of
~ said MORTG.4GEE, ~vithout nonc~ or den:a~id, S~lit at law or in equity, tiurefore cr ti:eraaitrr begun, may be pcosecuted as if all moneys sec~red hereby
had mat~red pnor to ~ts e+~stif~tion. - ' _ . - •
- 7. That in the evant tf~at at tt~e hey~nn~ng of or at any Gn,e pe~:d~n~ any su t upon fhis Mortgage, or to toreclose it, or to reform it, or to enforce
payme~t oi arty cl3in~s hcr~vncter, saiJ 1,102Z`vi+:i:E shaii apoly to the Cou~l having jwiad~ttion thereoi fo~ 1h> appointmenl of e Receiver, such Court shall
' forth~vith ap~:oir.t a recei:er of ss:~l ie.rt9ayed pro~.~•rhr a'.: a:iJ singv!ar, incfud ~y and s~n~ular the income, profils, issues and reve~ues from whatever
source derived, eath an:! every of wh[c?~, ~t b~•~ng e~~:rc•svy und>rstooci, is i:e•cby mortgaged as specifically sel forth and described in Ihe granting and
habendum clauses hareo`, ar.d svch Rrceiver shaif ?iava all the broad and effcctive iunct:ens anJ powers in anyvrise entr~sted by a Cowl to a Receive~, and
such appoiNmesit eh~l:'Lc rnade by such Court as an ad~nitte3 eqvity and a ~~attrr oi absofute ric~hl to said MORTGAGEE, and wilhou~ reie~ence to the
adequaty or inadequacy of tFe va!u~ oi th~ propeiry mortgaged cr to fl,e ~o,vency or ~~,~erventy of said MORiGAGOR or the defandanls, and that sucfi
ren!s, profits, income, iswes and revenves shoE: be appCed by wch Receiver accoru~~~g ~o tha lien or equity of said ~10RTGr>GEE and the practice oi such
' C~urt. . _
8. To du!y, promptly anc~ fully pe~to~m, d~schnrge, execure, effec;, com, 1etc, co~nply ~vith and abide by each and every the stipulations, agreements,
eond:tions and eovenants ~n 53~d p:omissory no'e a°~d ~his martgaqe set {orth. . ,
~ 9. Tl,a1 in Ihe event the ownersh+p o4 thz m~rrgaged pre:~+ises, u- any p~ri thercof, Eecomes vested in a~erson other than the MORTGAGOR, the
s h'ORTGAGEE, its successors and assi3•~s, may, wi!hou~ notice to ihe :40RTG+~OR, deal wi:h such successor or successer in iNerest with re(erence to this
mortgagn zr.d th~ deot I;ereby secured in thF same m3r.nrr as w~sh 1lortgago: withovt in any way vitiating or d~scha~ging 1he fAartgagors' liability here-
~ , under or ~pon !he d~_bt hereb/ secu~ed. P!o sa'e of the premises h~:e~y rnnrtgaged ar.d na forbearance on Ihe part oi Ihe L\ORTGAvEE or its sutcessors
; " or assigns and no exrens~~n of rha time fo• the rayment of the drbt i,ereby secureJ g~ven by Ihe IAORTGAGEE or its successori or assigns, ahall operate -
! tc releas~, d~scharge, nwdify char.ge or af;ett tti.e o~~g~n~l liav;i;ty of the Y.,OF,tGAGOR_iiere~n, either in v~hole or in part. ,
+ 10. It is s~:et~fi~aiiy ag~eed that time is of tnc Pssence cf tt,~s contract and that no waiver of any obl~gat~on hereunder or ef the o[tligafion se-
tured harehy sha? at any ti•r,e thereaNer b~ hcid ta be a v:aivc: of the !erms har~wi or of the instr~ment secured herby.
11. In aJd.l:oz to Ihe furego'ng tnGnth'.y payn~°_n's of pri:.C, a! and int>:cst required by the aromissory no!e sccured hereb/, mortgagor co•renaNs
~ and agrees to pay to n:o•tgzncz •.ti;:h each m~nth'y payn:z::t ~n add~vionat wm ess+mated by mortgagee to be equal to l; 12 of the annual cost of the follotiw
i
ing:
A-All real proper.• taxes le:•iLa o~ asses:;cs agai•~s: thc ahove desvi~cd rra( estate.
= B--Pre~:~~:~~s cn i:r~ red wi,^ds!orrn ir.i,.va•:re as iie*~+n requ?red to bc ca+:~cd en th~ im~rov~ments situat~ o~: the above d:scribed premises.
"r
+ C-Preer.:_~nu en wch mxt~~oe guarant~ ir.su~a~.:e as mortgagee sha'! hc:r. t~me t~ ti:ne deem fit to carry on the loan se.ured hereb~. -
a _
h"ortgager shalf f:a:i tim•~ to time rc;ify mortgager ~n w.iting of the a~rouot due and payable hereundar and such sum sha!~ thereupon be dua and
p>yable en thc due dat_- of th= n.~x! n~o~~th:y p~y:nem and e~th sutczssive mo~7h thercaft~r ur.tii mortgagee shal! notify mortgagor ~f a change ir. such
a~r.ounf. $~cto sv~rs sha:!_ b~ app'ied t,y merlgag~e to::ard the paymeM of real preFerty taxes, insvrance prem;vms, and mortgage gvaranty insurance
i Premioms. '
' ' 1!v YJITPJESS 'l/HtReOF, the sa~d ~:02TGAGOR has herwmo set his hcnd and seat the day and year first aforesoid.
' Signed, Sealed and deiivered in the presence of:
s~ ~E.~ ,LCfIlL! CZ~I-~~-__
~ ~ ~ ~ R i azd P. Kraiise ~ ~~Ai~
~ ~?O~S.E~ Pti~.~i:S
- ~,f~{~ (;itiCr3l1~~ ~~an
- ~ ~ - - - ~~iF~9 - thel ~ B. Krause ~ -
- ~ ~ (seaq
- ~ 3 l0 sz ~H 75
STATE OF fLOR DA • _ ~ .
$t • L.l1Cle ~ r]~j/~~Q
COUNTY OF 1 ~~7a
Sefore me personz~iy appeared R1Chc~TC~ P. Krause a;,d
~t~'1@1 B. Krause his wife, to me well knovrn and known to me to b>
the inc;viduais descri~:d in and v:ho executed the forego;ng instrument, and acknav~ledged befo:e me that they exe~o4ed Ih~ same for the purposes
therein expressed. And the said_- ~tt1t31 B. Krause _
r+ife of the saia _ Richard P KYause upon E separate aod private
i; exarr.~nat~cn by me taken separate and apart from her said husbjnd, atknowledged to and befere me that she exetuted said instr~ment freefy and volun-
' ta:ity a^~ w;thouf a~y compu'sion, censt~aim, apprehens:on, or !ear of_or from her said husband_ - _
YJiihi'r5S m~ hand ar.d officiaf seal th:~_~_~y~' _ day c'f_ 'Q"' A. D. 19 75
- - - '
_ ~.~..Gt•---~. - ~ - !
Notary Pub!ic in and for 1 tate of florida at Large - -
~ ~ ' My Commission expires: ~ _ ~ d - ? ~
Return To:
First Federal Savings 8< <oan Associat:o~ _
Oi Fo:t P:erce- - - ' ' • -
- "
- Fort Pierca. Flcrida L l f ~t~~ '
; - . ~ . : ~ i ~ j'' 'i~ ' - '
_ - - . - ' - . ~+~,y ~ "L .
. i:. .~V' I »y .
t . ~ ~ ' i-;' j' i = s t
'E " . - " . ' `i'.~~ i ~~1_~ ~ ` .
_ lhis InstrumeM Prepared F3y William J. Foxbes _ ~ _
First Federa) Savings & loan Association - - , f~n~ w,
- of Fcrt Pierce ~ Flor ida 33450 - ~ ~ ~"`~'t' ti ~c~~~~G , -
. - *=t`'~'r:
= - ~ 0 R A~~ . • ' ~ -
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Checked By , 60flK~`~V PA~f - '','~•1 _
; f,`•'r~ a:~~il-
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