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HomeMy WebLinkAbout2052 3. To plu~ +nd continuouily k~ep on ~he bui!dings now a hereah~r ~itwte on said Iand and on all equ~pment ~nd p~rsonally covHtd by this mat~ +y~ w+th all p~em;ures thereon ps~d in full, iire i~surance ~n the us•: al sunda~d poticy torm, ~n s suM ~pproved by the MORTGAGEE. ~nd windstam insurance in the uswl sundard policy fwm, in a sum approved by ihe MORTGAGEE, ~n such compa~y or companies at ths MORTGAGEF inay dirttt; and all fire +nd w~ndsto~m i~svrante ~+olicies on any of ssid build~nps, ~ny ima~ee~ tharein oi part Ihereof, in tM aggreg~re sum afatiaid a Ih ~xctss Ihereof, ~MII contain ~M u~val s4ndard mort9agee clavse w such o~ha. tlauu ai tM Matgsgce may rcqu~r~, ma~inp ths los~ unde~ ~aid po1F ci~s, e+ch ~nd every. payable to ssid MORTGAGEE is ~ts infereu may ~ppNr, and each artd eve~y svch policy shatl bs p~wnptly au.gncd and delivered ro any heW by sa~d MORTGAGEE as fvr~he~ seturity to said matp~g. dtbt, and, no? leu th~n te~ (10) days in advance of tl+~ ezpirat~on of each pol~cy, to dr livtr to said MORTGAGEE s renewal thereof, fogether witA a receiqt fw the premium of tuch renewat; s~ ~here shall b~ r+a f~~e or windstorm insu~ante pl~ced on sny of aid bv~lding~, any interest therei~ or p~~t thereOf, unle~s in thd forni ~nd wi~h the loss payable as atwes~id; and in the even~ any tum of mon~y becortws~ psyable under tuch policy w policies wid MORTGAGEE ~hall hare tM optio~ to receive and apply the same on accoun~ oT fhe indab~ed- ~e~~ iecvred F~ereby w ro permit said MORTGAGORS to reteive a~d use ir a any part rhe.eof for otncr purposes, witho~t th:.ebi waivi„~ o~ ~mpair- in~ any pvify, lian p right unde? or by virtw of thia mos!yspe; +nd in the event said MORTGAGORS ihnll fo~ any reason fail to kecp 1he sa~d premise~ so insured, o~ fail to deliver promptly any of said policies of i~sunnce to aid MORTGAGEE, o? fa~l p.omptly to pay iulty any premivm therefo~ o~ in an~ re~pect fail b perform, discharge, execute, effec~, complete, comply with and ~b~de by thia covenan~, or ~ny part hereof, said MGRTGAGEE may pl~ce snd pay fo? suth iruvrance or a~y put thereof without wabing ot aFfettinp any optipn, lien, puity, a right uoder or by virtw of this Mortgape, and tht . full amo~nt of ~~ch and every such payment shall be immediataty due and payable and s1u11 bea, interest from the date thereol until paid at th~ raq ol nirr ptr centum per snnum and to~Nhe. wifh tuch interest shsll be secured by the tien of this (ncrtg~ge. 1. To ptrmiL cortumit w suffer no waat~, impairment p deterioration of said properry or any parl therepf. 5. To pay all and si~yular the.costa, charges ~nd expenses, ~ncluding ~ reasonable attorney t fee and costs of abstracts of tit!e, incurred w paid at ~ny time by ssid MORTGAGEE, becauss or in the event of the failure o~ the part of ths said MORTGAGOR to duly, promptly and fully perform, d~uharge. exaute. ~ffect, comptete, comply w~th and ab:de by exh and every tF+e itipulal~o~s, sgreements, conditions, and cove~nants of said promissory note and this mor~gage any or eitFm, and sa~d cosn, charges and expenses, esch and evcry, shatl be immediately dve and payable; whether or not thert be notice de mu+d, attempt to collect or wit pending; and the full amount of each and e~•ery such payment shall bea. interest from ~he date thercof until paid at the rate of nine per centum per annum; and all iaid costs, charges ~nd expenses inturred w paid, logethe? with suth imerest, shall bs secured by the lien of this mortpape. b. Thst (a? in the event of any breach of this 7Nortgage w default on the part of the MORTGAGOR, or (b) in the evenf ~~y of ~sid sums of money herein referred to be not prompt~y and fully paid within thirty (30) days next after the same severally become due and payable, without demand w ~otite, or (c) in tAe event each and eve~y fhe sripvlarions, agreemenu, conditions ~nd covenanrs o} ss~d promissory ~ote ar+d th~s mortga9e any w either art not ~uly, prompily and fvlly perfwmed, d~xharged, executed, effected, comp{eted, complied wi~h and ab~ded Sy, then in eitF~ w any such ev~nt the iaid ag pres~tt sum mentionad in said promissory note then ~emaining unpaid, with ineerest accrutd, and aN mo~eys secvred hereby, sha!! become dw and pay- •bte (wthwith, a thereafter, at the option of said MORTGAGEE, ~s fully and comple~ely as ii all of the said wms of rtwr?ey wcre or;ginatly atiputafed to be paid on such day, anytAing in sa:d p~omiuory note w in this 1Nortgage 1o the contrary notwithstanding; and th~veupon p thereafter ~t the option of said MORT6AGEE, without notice o~ demand, suil at law w in eqvity, therofae or 1F?creaftcr begun, may be preyecuted u if all moneys secured hereby had m~Wred pr~or to it~ institurion. 7. That in IF+e evcnt that ai the beginn~rg of or at any time pending sqy suit upon this Nbrtgage, or to fweclose it, w to reform i~, w to e~fwq payment oi any daims herevnder, uid MORTGAGEE shall apply to the Coun Aaving ju~~sd;d~on tbereo} for the appomtment of • Receiver, such Court shall fortFiwith ~ppo~nt a receiver of said mortgaged property al1 and singular, indud~ng atl and singuta? the income, profits, iuues and revenues from whatever wurce derived, each a~+d every of wh~ch, it bei~g expressly underatood, is hereby morrgaged as if spec~fically ut fwth and dew;bed in the yranting ar~d habendum cl~uses hereof, and wch Reccivcr shall liave all the b~oad and effective funcnons and powera in anywise entrusted by a Court to a Receirer, sad such appointment shall be made by such Court as an admitted equity and a matter of absolute r~ght 1o said MORTGAGEE, and without reference to the edequscy w inadequacy of the val~e of the prope,ty mertqaged o~ to the sowe+xy or ;nsolvcncy of said MORTGAGOR a the defendams, and that such rents, profits, income, issues and revenues sh~ll be applied by such Receiver accord~n9 to the lien or equity oi said MORTGAGEE and the ptactice oi such Courf. 8. To duly, promptly and futly perfarm, d7scharge, cxecute, effect, completc, comply with and abide by each and every the stipulations, agreements, condiirons snd covenants ~n said promissory ~ote and this mwtgage set fwth. 9. That in the evem the ownership of Ihe mortgaged premises, or any part thereof, becomes vested in a persen other than fhe MORTGAGOR, the MORTGAGEE, its successws and aas~gns, may, withou~ norice to the MORTGAOR, dcal wirh svch successo~ or successor in inte~es~ w;fh ieference to tbis mort9ige and the debt hereby setured in the ssme manner as with Mortgagor without in any way vitiating o~ discharging 1Fro Matgagors' lisbi~ity here- under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no fwbearance on the part of Ihe N{pRTGAGEE or ~ts successws or assgns and no extens;on of the fime fw the paymem of the debt hereby secured given by the MORTGAGEE or its successors or au~gns, ihall operate ro release, discharge, modify change pr a(f~ct the wiginal liab;l~ty of ~he MORTGAGOR herein, eifher in whole or in parL 10. It is specificalty agreed that time is of the eaxnce of fhis contract and that ~o wsiy~r~of any oblgat~on hereunde~ or of the obtigstion ss- n.rcd hereby shal! a1 any time thereahe~ be held to be a waiver of Ihe terms hereof w of the insfiJment secured herby. 11. In addition to the fwego:ng monthly payments of prirt~ p~l and interest required by the promissory no~e secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an sdd~rionaf sum estimated by mortgkgee to be equal to 1/12 of the annual cost of the follow- i~: A-Al! real property taxes levied w assessed agains! the above described real estatc. B-Premi~:ns on fire and windstorm insurance as herein requ~red to be carried o~ the improvements situate on the above described premises. C-Premiums on suth mongage gvaranty insurar,ce as mortgagee shall from t~me to time deem fit to carry on the loan secured Ixreby. Mortgagee shatl from time to time notify mortgagor in writing of the amount due and psyable herevnder s~d such sum shall thereupon be dve and payaWe on the due date of the neat monthly payment and each successive month thereafter ur.til mortqsgee shall notify mortgagw of a change in such amount. Such sums sF.all be applied by mortgagee toward the payment of real propeny taxes, insu~ance prem:ums, and morlgage guaranty insurance premiums_ IN WITNE55 WHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ~L~i,~~'~an`d ~ ed i ~,q?y~ ce of: E.r-' ~1 n .t'._*-~ -.127 ~ s~,~~ ~Seap STAtE OF FLORIDA ~ couNnr oF S t. Luc i e ~fae me pe*sona~~r +ppea.~a Frank J Velentano ' DOPOt~'1V E Celentano his wife, to me well known and known to me to b~ ' tAe rnd~v~dwts described in and who execvted tlie foregang inst~wnent, and acknowledged before me that fhey execufed the same for the purposes ?r~?~M exw~~. ~ ~ Dorothy E. Celentano i wife ot th~ said Fr~*~~ J Celentano vpon a sepsrate and privat~ examinafion by me taken separate and apart from her said husba~d, acknowtedged to snd before me that she executed said insuument freety ~nd vol~n- tarrly and withovt any compulsion, constrainr, appreF~ . u fear of or from he~ said husband. , WITNESS my hand and official seal this ? day of ril - A D. 19~ ~ Notary PublK in and tor the State of florida at larpe My Commission expires: , ~ ~ / ~o a~t,,.~ ro: Ff L a N E C 0 R D E 0 Nata „ 3 Fint Fedenl Savings 3 loan ~s¢~,r~ j~~ . y:,~:~, < <Y Q"btir. Sttte ~f rbrc~a at lar~e of Fo~~ P~««. -~~CC~ 0 0 K !`ly Comrnission Ex ' Fo.r P~~.«, Flwida ' _ : e~ae.a e ~ Fues Noti. 3..1969 ~ti •r r nea~:aa f~~'.'4~~~Ff~I Co. '6~ APR I Pf~ 3 : y ~ - : . _ . - ~ . _ ; ; 1~~_~;,~ - : - • : ~ ~ - _ ROG_P'. ; ~ r, CLERK - " . ' ' . ~ ~ - ' T . . 4' ~J i) ST. LUC?'~ C~~Ut.TY, . - • ~ - FLORIDA ~ _ - - _ . . BODK Z~~ , ~ a ~ ~ _ _ ~~~.k~ . ~ _ - _ ~ _ . d