HomeMy WebLinkAbout2933 3. io place and contir.~rousty keep on t1~Y I,ui'dings now w hereaiter ~itwte on ~a;d lend and on all equipment and personelty covered by this mort9•
ege, with all premiums thereon pr.d in full, fire insuranrr in Ihe u:w~ siandard polity (orm, in e sum a~:provtd by Il+a MORiGAGEE, and windstorm
insurance in the usuaf stendard pot:cy form, in a sum approved by ~he h10RiGl.GEE, i~ such company or tompenie~ as the MORTGAGEE may
dittct; and ail (ire and ti•:nd~~orm inwronce poRcins on any of s~~d bu~ld~ngs, any intcrast Iherein or par~ thtreo(, ~n the aggregate wm aloresaid or
In ezces~ ihereof, sha!I contain Ihe usval standard mortqagea clause or such oiher dwsa as the hlorigagee m~y requ~re, making ~he loss under sa~d poli-
eies, each and every, payab!e to said h\ORiGAGfE aa its imereet may appear, and each and every such poiic~ shall be promptly ass gned and delivered ~o
any held ty said MORiGAGEE a~ turther eewrity to said n:ortgage debi, and, not Irss lhan le~i (10) days in advanca o( the ezpira~~o~ o{ each policy, to de• •
livtr to s~id A10RTGAGEE a renev.•al IhereoF, together with a reteipl (or 1he pramium o( such rene.val; and thero shall ba no fire or windstorm inwtentC
plactd o~ any o( said buildings, any interest Ihere~n or part thzreoi, ~nlees in tha form and with Iha loss payable as a(oreseid; and in the e~•eM eny tum
o~ money beto:nes paya6le under such ~olicy or policies said 1.5URTGAGEE shaU haoe ~he opfion fo rece~ve and apply the same on account o( thct i~~debted-
ness setured hercby ar to permit said ~dORIGAGOR$ to rttriva and use it o~ any parl the~r.oi fe~ othr~ pu~F~oses, ~viihout th:~ei~~ •.tiaivi~~g ci unp~~r• t
ing any equ~ty, Iien or ~igl~1 under or by virtue o( ihis mo:tgage; and in Ihc even~ sa'd MORTGAGORS shall for any ~eason fail to keep the aaid premises so -
insurEd, ~r fail ro detiver pro~nptly any of said poGcias of insuranca ~o snid h10RTGAGEE, or fail prompily to pay ~ulty any premium Iherefor or in any
tespect iail to per(orrn, diacharge, execute, ei(e!t, tomptele, comply wiih and abide by ihts covenant, or am~ parl hareo(, said h50RiGAGEE may piace and
pay (or s~ch insurance or any part thereof w~thoul waiving or ai(acling any op~ion, lie~, equ~ty, or right under or by virtue of il~is Morigage, and the
full amo~~t of each and every such payment ehall be im~nediately due and payable and shall bear interest irom tha data thereof until paid at ~he rate o1
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nine pM Ccnl~nt per annum and to~:~F.e~ .vith such intcrest shall t~e it•cured hy the lien o~ Ihis mortgage.
d. To permi~, commit a~ su((er no waste, impairment ~r d~tzrioration of said preperty or any part thereof. ~
~
S. To pay all and singular ths costs, charges and expenses, in:luding a reasofiable attorney's fee and costa of abstracts of title, incurred or paid at ~
any tio:e by said h!ORIGAGfE, because or ~n the eveot of the fa~iure on the part o( ihe said MORiGAGOR to duly, promp~ly and iully pe~form, discharge. ~
execute, e(fect, complete, comply w~th and ab;de by each a~d every the stlNulaiions, agreemems, conditions, and covenams oi aaid promissory note and t!~ii
morrgage any or either, and sa.d costs, charges and expenses, each and every, sha~l be imm-rdiately due and payable; whether or not there be notice d~ ~
mand, aftempt to co:tect or suil pendin9; and the full amount of each and every such p~ymenl shall bear interes~ from Ihe date Ihereof vntil paid at the
~ate oF nine per cenrum per annum; and ~I! said cosrs, chargee and expanses incurred or paid, ~ogethei ~v~~h such interes?, shall be secured by the lien of this
matgage. _ ~
6. That (a) in the event of any breach ~f this Mortyage or defavlt on the parl of the 1dORTGAGOR, or (b) in Ihe event any of said wms of money - . ;
hercin referred to be not p~omptly and fully paid v~~~h;n thirty (3J) days ~e~tt after ihe same severatly become due and payable, wiihout demand or noti:e, ~j
or (c) in Iha event each and e~ery Ihe s~ipulations, bgreements, cond~t~ons and covenants of sa:d promissory note and th~s mortgage any or e~ther are .~of 3
~uiy, promptly and fully perfo:n,_,', d~scharg:d, execured, effected, tompleted, co.»p;":ed with artd abided ~iy, then ?n either or any such event Ihe said a9-
gregate sum mentioncd in said Fromissory note lhen remaining unpaid, ~vith in+erest accrued, and all moneys setured hereby, shall become due and pay-
abie for~hwilh, or ~herea(+.r?, at Iha ~n•~on of sa~d h10RiGAGEE, as fully anc/ comptetely as if aq of the said sums of money we~e onginatly sNpulated
fo be pa:d on svch day, anything in sa.d pro:r,issory note or in this Alortgago to the coritrary notwithstanding; and thereupon or thereaiter at the option of
~aid MORTGAGEE, ~nnhout no~ice or den:and, suit at law or in equity, fherefore or thcrea(ter begun, may be prose<uted as if all moneys secured hese5y
~ had matured pno~ ta rts institvtion. .
7. That in thr event that at th. beginnSng of or at any tin~e Fending any su~t vpon this Mortgage,.or' to foreclose it, or to reform if, or to enforce ;
- payment of any c~aims he~eunder, said MOQTGAG"tE shall apply to the Covrt h3.•ing jur~sd[Uiott ihcreof {or the zppointment of a Receiver, such Cour1 shall _
(o~th~vith appeint a reteSver o( said n~o~r~a3_d prc~e-~,r a11 and sin9ula~, inc~vd~ng ali and singu~ar tt:e income, profits, issues and tevenues from whatever ~
sovrte d~:ived, eadi and every of .vh:~h, i~ being axpress~y understoo~, is hcreby martgaged as ~t specifical{y set forlh and destribed in lhe granting and
habendum ciauses hereof, and wch Receive: shall have ait the bread and eifective funct:ons and povrers in anywise entrusted by a Court to a Recziver, and
such appointment sh~ll 6e made by such Cou~t as an admitled equity ard a malter of absolvte right to said h10RTt3AGEE, and withoul ~eference to the
adeyuacy or inadequacy of the vai~e ol the property mortgaged or to tha so:venty or ~nsolventy of said MORiGAGQR or the defendants, and that suth ~
renu, profits, incomc, isives and revenves ~~a~l be applied by wch Rece~ver accoro:r.g to the {ien or equity of said MORTGAGEE and the practice of wch ~
• Court. . ' ' s
8. To dury, pror-~ptiy anJ fully- perform, disch~rge, execute, effect, comp!ete, comply with and a6ide by each and every the stipulations, agreements,
~ condit~ons and covenarits in sald pro:n~ssory note and ih;s mortgag~ set forth. . • - j
p g g p person other than the MORTGAGOR, ths t
~ 9. That in the ever.t the o•.vnershi of tfie mort a ed remises, o~ any part thereof, becomes vested in a '
MORTGAGEE, its wccessers and azvgns, may, v.ishout natice to the \SORTGi.OR, deal wirh such wc~essor or suctessor in iMerest with re(erence to this ' t
mortgage ar.d the debt hereby secured in Ihe same m3~ner as with 1.Sortgagor w~thout in any way vitiating or distherging thg ldort9agors' liability here- i
under or upon th~ debt hereby secured. ko sa!e of the premisas hareby mortgaged and ~o forbearance on the part of ihe MORTGAGEE or its wccessors ?
or ass+~~s and no exrension of the time for -±F~e payrrent uf the debt h~.ek,y secured g~ven by the MORTGAGEE or its successors or assigns, ahall operate 1
to re!ease, d:scharge, madffy change or affect the crigmal I~ab:l~ty of fhe htORiGAGOR he~ein, either in whole or in part. i
10. It is speufica;ly ag.eed that I~me is of the essence of this contract and that no waiver of any obligat~on hereunder or.of tha obligation sr ;
cured h.reby shali at any time thereal~er Le he:d ~o be a viaiver of the terms hereof or oi the ins:ruroent secvred herby. ;
t
~ . 11_ ~n aod~t]o~ to the ferego:~sg no~nthly payments of princ~pal and i~terest'rzquired by the promissory no!e secured hereby, mortgagor covenants ~
and agrees to pay to mortgegee v.irh eacfi ~1:ornhi~ payrr.ent an add~r.onal.sum est~,,:;ted by mortgagee to be equa! to 1~12 of the ar.nual cost of the follaw-
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- A-Afi real ~:roperty taxes fev~e~ o~ assea~_•d agai•~st ~h~ above desvibed real es+ate. _ ~
6-Fre:r.;~ms on fira and v:ir3sto~m inwrartz as here~n requ;red to be carried on the improve"me~ts situate on the above d.scrii~ed pr_mises. ~
C-Pre~r,iums on wch r^ortg~ge guaranty icswar:ce as morrgagee sh3~1 frorr t~me ro time deem fit to carry on the loan secured hereby.
_ 1.?ortgagee s^a'i frcro sirre ta t[c:n notN~ rro:r~a3or in v~riting of the ac*o~nt due ar.d payabte hereunder and such sum shall th?reupon be due and j
F>_yab".e on rhe due tiai? cf ~F.a n._as rnonsh:y pay:r.c~tit and eaciti sUCCessive ma~th thereaf~~r ur~til mcatgagee shall rotify rr.ortgygor of a change in such j
amount. Sucn s~ms sF.aA be app!ied t~ n:origa~c~~ to::ard the p~yment of real property taxes, ins~ra~ce prem;~ms, and morigage guaranfy ins~rance ~
- ~~emiums. . - ~ _ -
IN i'~17NESS Y+HFREOF, rh~ said h'~O4TGAGOk has hereu~to set his ha~d and seai the day and year first afore~~sJa' ~
. /t ~
- Siyrted, Sea!ed ar.d detivered in the presente of: _ - J~-~ {
• (Seal) ~
~ ~/.+~.fL~t~_~,_ . ~1@ 81C {Seaq i
. ~7..~GriJ ~ _ (Seaq ~
_ Frances M . Verakas ~~ai~
' 1
STATE OF fLORIDA ~ i
; . t ?
4 St. Lucie r u- - i
f COUNTY OF - - 1 ~ .
Befcre m~ persona'1y agpeared .j0~17') P• VQYa~Cc~S and
Frances M._ V~rakas _ t,~: wife, to me wc~l known and krto:m to me to be
' the individe~ats described in and :•:ho execv~ed the foregoing instrum=nt, and ackr.ow:edged t~(ore me that they exetuted the same for the p~rposes
I<
i; therein expressed. And the ~~~a Franees M. Verakas i
i'. wi(e of the sa+d - .JOTlII P. ~Verakas upon a separate and private ~
`exam;nat~on by me ta'r.en senarate and apart from hrr sa~d husband, acknowledged to and before me that she executed said i~strument fteely and volun- ~
tarily and ~v'~thout any compulsion, constraint, apprehension, w fear of or from her said husband. ~
ji V~1T~IESS my hand and offiual seat th~s- 23Yd _ day of= `j~e A. D. 19 75
_ _ . Notary Pyblic in and for t~e e of florida at large
? ~ 61y Commission expires: y
` Return To: ~-O • 3O• L - _
3
Fint Federal Savings 3 Loan Associat;on ' • '
~ - Of Fort P:e:ce. p~p • -
4 M10 ~E~ ~1.A.
.J~l ~r
~ _ _ Fort Vierce. Fforid3 - - ~
~jIEC~,~ - r'•. /~r~~ `
~RAW/~py%~ * `-..'~'~~~~~a0a~~~.`4~r/j~ .
' ~ _ _ " . ~~G~~` ~~TQ 1 y~V~ 1 t; . = ' ~ ~Y` ~v
~I~ . . -
~ ` - RECORfl YERtFtEO.r~ , ~ : ~
_ :1 . ~f ; -
This Instrument Prepared By Williast J. Forbes ~ ~ ~ - = ~i~~• ~ - '
~ First Federal Savings 8~ loan Association - ~ - • - ` ` ~ ' ' ` ~ -
~r , ~ ".t-.
~ of Fort Pierce~ Florida 33450 ~ _ =~,'t' 1'~: ~ _ :1`~' ~ ~ ~ ;
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~s 31~-~ - . _
~ Checked By ~ ~
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