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Home My WebLink About1340 ; , 3. To plaoe ud cantbwro~sly kNp a+ tM buildinpr e+ow w Mrrafi~r ~itwt~ on Nid land ~nd a+ all ~puipnwnl M?d prnon+lly cowr~d bY Mis matp~ p!, with ~1) p~s~iwm tMr~a? p~id ie fvll, firs inaur~nt~ in the usual standard polky form, M a swn apprar+d bY ~M M10RTW?GEE. N+d wi^d~torm ~Kano~ Fn tl~ viuai st~ndani polity fam, in a s~m approved by rl+e MOitTGAGEE, in wch comp~nY or een~p+niM ~s Nw N?~RT~s+?GfE '^~y df»ctp and ~H fiw and wie~torm inw~ance policiet on any of sa«d bvlldinps, any inMMt tMraM or p~rt tMrnof, w~ tht +iq~rryatt wm iiw~ea~7d o~ in utpp IFwpf. ~+II conhin th~ uswl standard mortqaget clau~e w suth otlwt dws+ a N+~ Mortp~~ rwwy nquin, m+kinp tM loss undN stid po~i~ tiN, Mth ~nd ~wry, payabl~ to uid MORTGAGEE a~ iti intercat msy ~pps+~; ~r+d tach and ~very tuch poiicy sMll be promptty ~u:yrnd and deliw?~d ro . any A~W by aid MORTGAGEE p furthar sacwity to s~id mortyay~ debf, and, not I~ss tt+~n Nn (10) d~y~ in advsnce o~ tM ~xpir~tion of ~ach polity, ro dr lirr? fo s~id MORTGAGEE • nnswal thierwi, topeti~' with a r~c~ipt fo? ?M pwmiwn of wch r~nawal; w+d rM~~ aMll b~ rw fin a wir~torm 3nwranca plaC~d an ~ny of aid buildinys, a~y interaat tMr~in or part therwf, unlsu in tM form snd with th~ lou p~yabl~ as ~forasaid; +~d i~ tM ev~nt ~ny sum ef ma»y baoena payabt~ ur~dK wch policy u policiss seid MORTGAGEE i1+a11 Mw th~ optioe~ to ncsiv~ and apply tM ~+ms on account of the inc~bted n~p setvr~d Mr~by q to pe~mit taird MORTGAGORS ro:roC~ive and u1e it w any part thereof tor othcr purpoa~at, without thereby waiving w irnpair- ie+p u~y pviry, li~n w ripht ~hdsr a b~ virtus of thix mortpaqr, snd in tFw +vern said AAORTGAGdR5 shall fa any r~a~on fail tn keep the ~sid prom~ses w kavnd, o? t~il b dQiiwr pranp~ly a~y of ssid policiee of inavr~nu w said Mt~RTGAGEE, a fail promptiy to pay fully any pr~mium th~refw w in +ny n~p~tt f~il to pKfwm, diuhuq~, uc~tut~, ~ff~ct. compleh, cvmply with ~nd abide by thiu cov~nant, w~r+y part Mrwf, uid MOR7GAGEE msy pl~ct and paY fa wd+ hrur~nce w~ny part tMnof wirhout w~3viny a sffsctlnp any option, li~n, puity, a ripht und~r or by vi?tu~ of thi~ Mort~ape. and the full arnount of ~ach ~nd r~ry wch paymant sh+ll 6e immedi~»ly dw and pa~abl~ ind shall bear lnt~r~n from M+~ d~t~ tlwreof u~til paid ai iM rat~ oi nirN pa untum pK ~n»um and toqethe~ with suth intereat ihali t» seturod by tM li~ of thi~ morty+p~. 1. To pKmit, aommit ar wffer no waste, impairm~nt or daMraration of s+Id prop~rty w~ny put therwf. 5. To pay all ~nd ~ir?nul~r the cwta, cha?qes and expen~, includiny ~ reasw~able ~ttomey'i fee and coats of abstrxts of titls, i.rcurred or paid at any tim~ by taid MGRTGAGEE, bacause a in the ~veM of the falluro on t1+e pa?t of tM taid MORTGAGOR to duly, prompt~y a~d f~lly perform, discMrg~. ~xat~», ~ffM. ta~pl~h, oomply with and abtde by ~~ch ~nd ~very the ~tipu{atia~a, yreemQnts. conditions, and cownsnts of said promisso?y nots and thi~ mqt~aq~ uhr nt ~itl?p, ued s~id costs, ch~rgei and expenses, each and every, ~MII b~ im+n~diately due and p~y~ble; whether or not thert b~ notice dr mand, ~thmpt ro collect or ruit psndiny; and tM full smov~t of each end every such p~yment shall bear int~nst from ths det~ thtreof until paid at th~ rate of ntne p~~ c~nfum prr ~nn~m; and all said costi, chargts and expenaas inCUrred or paid, Wgether with suth inter~st, iMll br sKUred bp tM li~n nf thi~ morlpp~. . 6. That (a) in the ~vsnt nf any br+ach of thi~ Mortyp~ or defauN on the part of the MORTGAGpR, or (b) ir? tM went any of uid wmt of money hsr~ln rtf~rrsd to be not promptly •nd fully paed within thirty (30) deys next after the same tevarally becoms due •nd p~yeble, without d~mand w notite, a(~ In tM twnt ~xh and every the ttipulations, agreements, conditions and covensnb af said prom~YSOry note a~d th~• mortqsqe any or •ither are nw ~uly, promptly ~nd fully performed, d~acharyed, executed, effetted, tomp{eted, complied with and abided hy, th~n 1~ ~ither or sny ~uch ewm the said ap~ p~~yat~ wm m~ntioned in said promissory note then remaininy unpaid, with interest accrued, and all maneys lKUPEd. F1Ef~bY, shall become dw and pay~ abls forthwith, w thertafitr, at the option of said MORTGAGEE, as fully •nd completely a~ i# all of tfie ~aid wms of money were oriqinally •tipuiated ~o bs psid on wch day, anyth+n9 in said prorn~ssory nose or in thie Mongage tn the contrsry ~otwithstandi~y; and thereupon or iheraafter at the op~ion of aId MOR7GAGEE, without notice or demand, suit at law w in equity, therefwe or thereafter begun, may b~ prosecutsd ss if •II rr?oney~ aetur~d heraby had matured priw fo iti institution. 7. Tiwt iA tM ~vent that at the beginning of or at sny time pendinq any suit upon thi3 Mortpay~, o? to ftxeclose it, or to reform it, or to enforc~ p~yment of ~ny claimt Mr~under, said MORTGAGEE shall apply to the Court hsving jurisdiction therwf {w th~ appointment o4 e Receiver, such Courf shell forthwith appoint a receiver of sa' mortgsgad property all snd singuler, inclvd~ng all and s~ngular the incom~, profits, iuues and revtnues from whatvv~r wurt~ derivsd, aach •nd every o~which, it beiry expressly understood, is hereby mortgeged a~ if apecifically set forth and detvibed in the yranting a~d habendum tfausss hereof, ~nd such Receiver thall have all the broad and effective functions a~d powers ir. anywise entrutttd by a Covrt tp a Receiver, and •uch appoi~tment shall be mede by wch Court as an ~dmitted equity and a matter of ebsolute ~iqht ro aaid MORTGAGEE, +nd without reftrsnce to th~ ~dpuxy w in~dequacy of the vslue of the property mortgayed or to the sowency or insolvency of uid MORTGAGOR w the defendann, and th~t such renb, protih, income, iuues and revenues shail be app~ied by such Recaiver accordiny to the lien or sqvity of said MORiGAGEE •nd the prattict of s~ch Court. 8. To duly, promptly iRd fully pefform, dischsrge, execute, effect, complete, compiy with and ebide by ~ach and every the ttipulations, ~grsement~, conditions end covenenrs in said promiuory note and this mortgage aet forth. 9. Tha! in the event the ownership of the moHqaged premiaes, w any p~R thereof, becomes vested in a perwn other ths~ the MORTGAGOR, tM MOR7GAGEE, its tucceuors and assigni, may, withovt norice to the MORTGAOR, deal with such succeasor w wccessor in iMere~t with rcference to thi• mortya~e and the dabt hereby secured in the same manner ss with Mortgagor wiinout in sny way vitiating w dischar9ing 4he Mortyayors' li~bility hert under or upon the debt hereby secured. No saie of the Fremisea hereby mortgaged and no forbearance on the part oi thv MORTGAGEE or its s~ccessors w aasigns and no extension of the time for the peyment of the de6t hereby secured given by the MORTGAGEE or its succesaor• or auiflns, ?h~l1 operate ?o rela~H, di~cherfle, rr.adify change or affect the originol IiabtGry of the MORTGRGOR herein, eithe~ in whole or in part. 10. It is specificaliy agreed that time is of the essence of this contract and that no wsiver of any obligetion hereu~der or of the obliyation se- tured hereby shell at any time thereafter F.a neld to be a waiver of the terma hereof or of ttx instrument secured herby. 11. In addition to the forego:ng monthly paymeMS of princ'pa~ and interest required 6y the promiswry note secured hereby, mortga~or townants and agrees to pay to mortgagee with each rnonthly payment an addi~ional sum est~mated by mortgagee to be equal to 1/12 of the artnual cost of the follow- in9: A--AII real property taxes levied or assessed against the above described reel estate. B-Premiums on fire and wi~dstorm insurance as here~n requ~red to be carried on ths improvementt situate on the ebove described premisei. C-Premiums on s~ch mortgage guaranty inaurance as mortgagee shall from t~me to time deem fit to carry on the loan aecured hereby. Mortgagee shall trom rima to time notify mortgagor in writi~g of the amount due and payable hcreunder and sut~ sum shall thereupon be due and payable on the due date of the next monthly payment and each successive month thereafter urtil mortgagee shall notify mortgagor of a change in such emount. Such sums shalf be applied by mortgagee toward the payment of real property taxes, inautante premiums, and mortgage guaranty inaurance pramiums. Il~i WITNESS WFIEREOf, the aaid MORTGkGv~2 i,as here~nto set hi~ hand and saal tha day and yser firit aforesaid. _ »sd, Ssal and deliv ed in ths presence of: ~ r~b`~L /v"v 1v' y < <~eq ~7 . , - C-~fiYL~t ~ C~7 • JrGt2~r-~--..~Es ~o r$e~l) 8~~ - - - - !SSaI) STial"c OF fl4RiDA ~ couN~r oF S~int Lucie sefws rne personally appeared '~aAUel Renio~o end ATIll A. Rat~iolo his wife, to me well known end known to me to b• the endividv~ls describ~d in and who exetuted tF~e foregoiRg instr~ment, and acknowltdgad before me that they executed the aame fw the purposes .~~.~.~a. ~,a t~ iaid Ann A. Raniolo wife af tM seid ~8A1x~1 M. Rsniolo ~ upa~ e separate and privats examination by me taken seperate and epart from her said husband, stknowledged to and before me that ~he executed :eid in~trument freely and vo?um t~rily ~nd without any compulsion, constraint, apprehens~ or f~ear of or from her said husbend. - WISNESS my hand and off~ciai seal thii _ day of A ua t+ q, D, 19-.Z ~ ' Notary Publ' n and for ~,Statp of Florids ~t L~rps ~ ....•.t:t~!s~~l, My Commiu~on expiras: /(r/~i7 . • ~ . R~t ~r~, ` Fint'~~L•6avf~~ Association j~pt~ry Pub"^~ 5tote 0! ~fo~~da at t.~~Q+~ ' c~. or Fort'r~,,~- FILE~ ANO RE r~~- caR,m 55 r.a.ua• d, 19b1, ~ cr `Ni~~~ °~~a ! N_ C~ R~~ ~ K ~'ond~d ~y :,i:~c r,c-.:,~ Su at. Co. ~f l~i- l~ " ~ ~~:i~i - • ~ L9tiG~.'L/ ~ . :1 r/!,•r . ;,r', L~C' . t • ~ ~i' f. . 65 AU/'~ 0 3. 0 9 ~ l~f+/'-•.• ~1•~ ~ .k`•~ \:J . f t y•n 1.? f` ~ ~ ~ 1 : , _ . , ' . _ ROG~R ~ Ft,~S. CL~RK ~ = 3 = 5T. LUCIE COUNTY. - ~ ~ . ~ FL.ORIQA ~ ~ 60QK 125 ~~9 - . . ~ . ,c~,' ~ - . - _