HomeMy WebLinkAbout1162 3. To place end contln~ously keep on iha bui'd~ngs now or herea(ter a fuate on seid land and on all equipment and po~sonally covered by ihis morig•
ege; with all premlums Ihereon ~e.d i~ futl, fire insurance in the usual ~tanderd policy form, In a ium approved by ~hg h10RTGAGEE, a~d windsrorrn
tnsvrance in ~he ~sual standard policy (orm, in a sum approved by iho MURTGAGEE, ln such company or companies as Ihe h10RTGAGEE may
dlrecll and all (ire ard v,~ind~lotm insurance poticies on any of faid Iwildings, eny Interesl thereln or par~ thareof, in the apgregeia tum aforesaid o~
In exteis thueof, ihell contain the usval standard mortgagte cta~te or tuch otha~ da~se ai tM Mong+pee may rec~uiro, meking Ihe loss unde~ ~sid Qo~i~
cie~, each and every, payable to said htORiGAGEE af iq inlerest may appear, and each ar.d every :vch poticy ahall be promplly ass flned and delivered to
eny held by se~d h10R(GAGEE as (urther security to naid mo~lgage debt, and, nat less Ihan tan (10) deys in advance the expirotio~ of each poticy, to do-
liver to eeid MORTGAGEE n renewal thereof, toge~her with a receipt tor the premium of such ronewalj and there thall be no f~re or windstorm insurance w~
pleced on any of said 6uild~ngs, any tnlerest therein or part thereof, vnless i~ the (orm and wi~h the loss payab~e as aforesaid; and tn the ev,nt any sum i~w
of money bacomes payabte under iuch policy or aolicios said MORTGAGEE shall have ~he opticn lo receive and apply ~ ~he 1ndeUted• ~
neis eecursd heroby or ro permit sa~d 1~40RTGAGORS ~o receive and uie it nr eny part ~hereof for o~her p~:p~se~,g ~ Q~ ~~~~Pa~~• •
Ir~g any eq~ity, lien or ri~ht under or by virtue of this morsgagop and in the event said MORTGAGORS shal) for any te7so ~i s p~tm~ses t0 ~
insvred, or fail to deliver promplly any of said pol:cies o( insurance to said h10RTGAGEE, or F~il p~omptly to pay ~ r or ln any ;
respect tail to pe~torm, discharge, executo, t((ect, compleie, tomply wilh and ab~de by lhis covenanl, o~ any part A ay place and ~
pay for such insvrance or any part thereof withoul waiving o~ a(tecting any option, lien, equ~ty, or right under i F i!'lllh!!~Il~"end 1he ~/1
full amo~nt of each and every such paymenl shafl be cmmediately due and payabla a~d shall bear interest from the data ereo until t ra ot .`'M~
r.ine per centum per annum and together with such inlere~t shali be aecured by the lien of this mortgage. ~ ~ ~ 4(+~~ a •
4. To permit, commit or suffer no waste, impairment or deteriotation of said property or any part theteof. ~
S. To pay all and singular the cosrs, charget ond ~xpanses, includirg a reasonable al~orney's fee a~d costs of abs?racfs of title, ir~curred or paid at _
any time by said MO~TGAGEE, because or in tha event of Ihe failvre on the parl of Ihe said MORiGAGCR to duly, pron,ptly and fully pertorm, discharge,
execute, effeci, complete, compfy w~th and eb:de by each and every the stiputations, agreements, cond~tions, and covenants of iaid promi:sory ~oto and this •
mortgage any or eiiher, and ~aid costs, charges and ezpenses, each and every, ihall be immediately due and payable; whether or not there be not~ce da
- r.iand, attempt to collect or euit pending; and the full amovnt of each and e~ery such payment shall brar inleresl from Ih~ date Ihereof un~il paid at the
~ rate of ninr per centum per annvm; and all said cos~s, charges and expenses incurred or paid, together w~th tuth interesl, ihall ba secured by Ihe lien o( th:~
' mortgage. . -
6. That (a) in the event of any breach oi this Mortgaga or ~afaull on 1F~. part of the MQRTCAGOR, ~r (b) in the event any of ta~d s~ms of money
herein referred to be ~ot promplfy and fulty pald within thirty (30) days nezt after the same severally become due bnd p~yable, without demand or notice,
~ or (c) in the event each and every thc stipulations, agreemen?s, tondi:ions and covenants of said promissory note and th~s mortgage nny or ei~her are not
~uly, promptly and fully performed, d~scharged, executed, etfected, compteted, complied with and abided Sy, then in either or any such event the saicl ag-
gregate sum menlioned in said promisrsory nate then iemaining unpaid, with interest accrued, and aIl moneys secured hereby, shall become due and Fay
able forthwith, or the~eaite?, at tha opt~on of said MORTGAGEE, as f~lly and completely as if alt of Ihe said surr,s oi money were or~ginally st~pulated '
to be paid on such day, anything in said promtssory note or in this 1~lurtgage to the cont~ary notwithstanding; and Ihe~eupon or thereaiter at thp oplion of
said MORTGAGfE, without notice or demand, suit at law or in equity, therefore or thereafter begun, may be prosec~ted a~ if all moneys secured hereby
had mafured p~ior to its institution. - ' . _
7. That in the event that at the beginntng of or at nny time pending any suit ~pon this i,~ortgage, or to fweclose it, or to reform it, or to enforce
payment of any claims here~nder, said MORTGAGEE sfiall apply to the Cour1 having jurisd~uion thereoi for the appointment of a Receiv~r, suth Court shail
forlhwith appoint a receiver of said mortgaged property all snd sing~lar, intivomg a!1 and singular the income, profits, issues and revenves ~rom whatever
tource derived, each and every of which, it being expressly understood, is here6y mortgaged as if spec~ficaily set forth and described in the granting and -
habendum clauses he~eof, and such Receiver shall have all the broad pnd effective funct~ons and powers in anywise entrusted by a Court to a Receiver, and
such appointmeN shatl be made by such Courl as an admitte.~ equity and a matter of absolute right to said A10RTGAGEE, and without reference to fhe _
a~lequacy or inadeqvecy of the vatve of the property mortgaged or to the solvency or insotvency of said MORTGAGOR or the defendaros, and that such
rents, prafits, income, issues and rev?nues shall be applied by such Receiver according to the lien or equity of. said h10RTGAGEE and the practece of such -
Court.
8. To duty, promptly and fully per(orm, discF.arge, execute, eftect, complete, comply with and abide by each and every the stipulalions, agreements, . ~
conditions and covenants in said promissory note and this mortgage set forth. .
9. That in the evenf the ownership of the morfgaged premises, or any part thereof, bxomes vested in a person other fhan the MORTGAGOR, the
MORTGAGEE, its ~uccessws and assigns, may, without notice to the MORTGAOR, deal v~ith such succeasor or successor in interest v~ith reference to this
mortgage and the debt hereby-secured in the same manner as with Mort~a~or without in any way vitiating or d~schargir.y the Rlortgagors' liability here-
under or upw~ the debt hereby secured. PIo sale of the premises hereby mortgaged and no forbearance on Ihe part of the 1AORiGAGEE or irs successors _
or assigns and no extension of the time for the payment of lhe deb! hereby sec~red given by the N10RTGAGEE or its successors or ass:gns, atiall operate
1o release, discharge, modiSy cha~ge or affect the original liability of the h10RiGAGOR herein, either in whole or in part. - _
• 10. It is specifically tgreed tF.nt time is of_ the essence of th:s contraU and that no waiver of any obligation hereunder or of the obligation se-
cured hereby shal~ at any time thereafter be held to be a waiver of :he ierms hereof or of the tnstrument secured herby.
11. In add~tion to the foreye'.ng monthly payments of princ'pal and interefl required by the promissory note setured hereby, mortgagor covenants
~ and agrees to pay to mortgagee with each-monthly payment an add~tional sum'e-timated by morigagee io be equal to 1~12 of the annual cost of the folbw-
ing: _ _
A-All real property taxes levied or asseszed against the above descri6ed real estate. -
- B-Pr~miums on fire and windstorm insurar.ce as herein requ~red to be :arried on the improveme~ts situafe on the above described premises.
C-Dremiums on such :nortgage g~araniy insurar~ce as mortgagee shatl frem tine to time deem fit to carry on ihe l~an secured hereby.
• " Mortgagee shall from~time to time notify mortgagor in wrEting of the amount d~e and payable hereundet and such sum shall thereupon be due and
payable on the due da~e of the next month(y payment and each suctessive month thereafter ordil mortgage~ sfiall notify mortgegor of a change in such
amounl. Such sums shail be applied by mortgagee tov+ard the payment of real property taxes, insurante prem:~ms, and mortgage g~aranty insurance
premi~ms. ' ' .
' ( ~`NESS YJHERcOF, the said MORTGAGOR has hertunto set his hand and seal the day and year first aforesaid.
1 awd-e~er in the preseice of:
~Witnesses as fi,o_ sigTlBf,ul~es (seap
~ j - - - Of MI' . and Mrs . Cox - J _ " tsea4 ~
~ Witnesses as to s3g11atures = _ (seaq j
- of Mr. and Irh~s. Krch~ak ~~,p
STATE OF VIRGIIJIA - ~ - ~ - -
Fairfaz ~ ~ ~ "
coun,nr oF
' Before me personally appeared W~1Z~~Ii1 C. CiOX and
- Florenee R. ~'iOX his wife, to me welt known and known t~ me to be
the individuals described in ar.d who executed the fwegoing instrvment, and acknowledged bet'ore me lhat they executed 1F~Q~:ilH~''for 1he purposes
- Florence R. Coa . - 1~;. - -
; therein expressed.- And 1he said ~~_.~~-}'~c.
wife of the said ~W~~.~.~~ff ~,'OX ' bpon_a separaie,'reA•privste
~ examination by me taken separate and apart f~om her sa~d husband, acknowledged to and before me that she exec~ted ia ~d~IruttlT~~re,ely'~rf~ n-
Iarily an~ without any compufsion, constraint, app:ehension, or fear of ot from her said husband. + f L! w~ f-
- WITNESS m y hand and official seal this da y of J~~ _ a
4. 0:
' STATE OF fLORIDA ' zL ~ 3 t/ i~-*S~f~-'~ u~ Q' y~j ' -
1 - ~ Notary Public in and for jhe Ste;r,4f at ~~rg~~
~ C~UNiY OF St'. ~+11C~'e My Commission txpiros:f/~•,2/-3YpC~~~~~a'`
t
; Jc~e L Krchnak - , ~
; Before me pe~sonally appeared • - - ~ -i a~ .
~ Sylvia N. Krchnak a~, :i ~
a his wi{e, to rrte well known and known'to me ta Ee
the individuals destribed in and w h o e x e c v t e d t h e f o r e g o i n
g i n s f r u m e n t, a n d a t k n o w l e d g e d b e f o r e m e i h a l t hey execu te d t he same for t he pvrposes
~ therein expressed: And ihe said - ~10ia H. RTC~lI18~C - _
Joe L. Krchnak ~
~ wile of the taid ~pon a separate and privata
_ examinntion by mt taken separale and apart from her said husband, ackrwwledged to• d'n~ befare tns, fhal she execvted said instrument freely and_volvm
~ tarily artd withovt any compulsion, constraint, apprehens'q~y~flr fear of or _from h¢i i~Pd~husband.
GiG ' ~ _ ~ ~ tTll~, q~
WITNE55 my hand and official seal this day of ~ A. D. 19_1L
~ This instrwnent prepared by ~ " ~ = ' ~ ~ ' -
~ : - =
~ ~1 - .
~ i° lI'SL ~r''8~e=ral Savings SII~ LQAj'~ Assoei~a,~ion No ary P c jn er.d for the State of florida at Lerye
Of 02'~i Y Myi Com nsion pxpira: ~ - i
Rer~~~ ro:. ierce, orida r- , ; - ~~~V 9~~~
Fint Federal Savinc~s ~ loan Association . ~ - i' ~ BOOK PACE
, • • .~4~f;,~'~~n=
Of Fort P~erce. • . , ~
'
~ _ Fort Pierce, Florida - ~ ~ •'y`~ ~~Z~
~ V_ ~ - '