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Home My WebLink About1090 ~ i 3. To piac~ and co~rinuously kesp on tM buitd7n9~ ~+ow w Mreatt~~ situat~ on said I~nd and on all equipmer~t and p~rson~lly cov~r~d by thi~ mat~ ~p~, with all premiw~A the~eon pa~d i~ Ivll, fi~e insurante in tM viual standard policy fwm, ~n a sum ~pprov~d by th~ MORTGAGEE, and wi~dstorm i inwranc~ in tM uswl iuMlard po6q fam, in • sum ~pproved by IF» MORTGAGEE, in s~ch comp~ny w companiy as tM MORTGAGEE may j d'utdj ~nd ~II iir~ snd windstorm in~~rance policies on any of taid buitd~ny~, ~ny tnt~rest therei~ or ps~t thereof, i~ tlw ~rtyate ~um afor~taW w I In ucceu therwf, iMll conrain the uiual st~ndud mortpape~ clau~ a ~uch otha claus~ as tM Mat~age~ may rpu'ae, m~kii+p ~M loa undN said poli~ ~ tia, ~sch ~nd ev~ry, p~yabl~ to s~id MORTGAGEE as its interest may ~ppear, and c~ach and every ivch policy ~hall be promptly ais:~n~d and deliw~ed to i ~ny Mld by uid MORTGAGEE ~s turtha ~ecuriry to ~sid mat~s~e debt, and, nol less tM~ ten (10) days i~ sdvsnc~ of tM txpiration oi each polity, to d~ j liwr to iaid MORTGAGEE a renewal the~eol, to~ttl+K with a rKeipt fw the prtmium of tvch renewal; and there sMll b~ no f'ue M windslam insu~u+c~ E pl~t~d on ~ny of taid bvildinps, ~~y intsretl thsrein ot parf thereof, unleu in the fwni ~nd with th~ lou payable as afaeiaid; ~nd in tht ~vent ~ny sum of ma+~y becom~t p+yable under such policy a policies s~id MORTGAGEE sh~ll 1?sw tM option ro receiw and ~pply the same on ~cco~nt o~ tht indebted~ ~ ntss ~ecvr~d he~tby a ro peimit said MORTGAGORS 1o receivs u+d ~ it a any part the~eof fw othcr pu~poses, wi~hout thereb/ waivi~y w~mpair• inQ any eqviry, lian w ri9ht under w by virtw of this mortya~ej ~r+d in tM wcnt sa~d AAORTGAGORS ihall (or any reawn fail 1o keep ~he said premises w insured, or fai) to delivtr promptly ~ny of said policics of in~ursnu to said MORTGAGEE, or fail promptly to pay fully sr?y premivm thaefot or in ~ny ( n~pect f~il w perform„ discharge, executs, ~f(ect, complet~, comply wirh and abid~ by this cove~ant, w any psr~ hereof, s+id MORTGAGEE m~y plac~ and ( paY Iw ~uch iruurant~ w any part tl+ereof without wafvinp w affectieg any option, li~n. eq~ity, a right unda a by virtw of this Mwt9ap~. ~nd the f~rll amount of each and ewry such payment tMll b~ imrnediat~ly d~e and p~yabl~ and shsll bear i~tere~t irom the dat~ t1?ereof until paid M tM rat~ oi ~ nirw pK centum pM ~nnum and together with sucA imerest ~hall be secured by ths lisn of this mortg~ye. 1. To permit, aomndt w iuffer no w~sts, impairment or dereriorariw~ of said properry o? a~y pa» thereof. S. To pay all and sinpulu the.coits, charges snd experua, includirg a reasonable +ttor~xy's fee ~nd cosri of abstracts of titls, lncurred or paid at any time by iaid MORTGAGEE, because or in the event of the failure on the p+r1 of the said MORTGAGOR to duly, prompdy and fully perfwm, d~xharge, ixecut~, ~ffett, compkts, comply with and abtdc by each a+d every the sY~pvlations, agreements, conditioru, end oovenann of said p.omissory ~ote and thi~ mortyap~ any or either. and u~d costs, charges and expen~es. each and eve?y. ~hali be immediately due and p~ysble: Whethe? a not there be notice ds -lnand, attempt :o colkct a s~it pendinQ; u~d the full smovnt of esch and every s~ch paymem shall bea. interest from the date thereof until paid a1 the rate of nine per centum per ann~m; and ~II said cbsts, charges and expenses incvrred or paid, together with such interest, shall b~ sstured by ths ti~n of thw mort~+~~• " 0, ih~t (a) in the event of any b?each of this Mortgs~ or defauh on the paA of the MORTGAGOR, a(b) in the event any of taid swos of money ~ herein rtferred to be not promptly s~d fvlly paid within thirty (30) days next after the same seve~alty become due and p~yabk, without derrWnd w notice, ~ a W in the ~vent cach and every the stipulatioes, sgreemems, conditions ~nd covensnta of sa+d promiuwy note end th~s mortpa~e any a e~tAer ara no1 ~uly, promptly and fully pcrformed, d~uharged, executed, effected, compteted, compl~ed wlth and abided ~iy, then in eithe~ or ~ny auch event th~ uid ag gresate wm mcntionad in said p~omiuory note then remainirg unpaid, with interest acuucd, and all moneys secured hereby. ih~tl become dw and p~y~ •Dle fathwitl~, 01 tI~lfNftN, ~t the option of said MORTGAGEE, as fully and complerely ~s if aIl of the said wms of money were aiginally s?ipul~ted M be paid on s~ch day, anything in sa~d prom~uory note w in this Mortgage to the contrary notwithstsnd7ng; and thereupon w thereafter at the option of uid MORTGAGEE, without norice a demand, suit at law w in eqvity, tl+erefwe or thereafter kxgun, may be prosecwed as if all moneys securad hereby had matwed pnw to its institWion. 7. That in the evcnt that at the beginning of or at ~ny time pending aoy wit upon this Mortgage, or to faetlose it, or to refam it, or to enforce p~yment of any cl~~ms hereunder, said MORTGAGEE sMll apply to the Court having ju~isdrction ~hereof for the appo~ntment of s Receiver, tucl~ Court shall fortFiwith appoiM a receiver of said mortgaged property all and singular, includ~ng all and singular the income, profits, issues and revenues (rom wF~atever ~owce derived, each and every of which, it being expressly understood, is hereby mortgaged as if specifically xt forth and destribed in the granting a~d Mbendum cbuses hereof, and such Receiver ahall Mve all ~he brosd and effective funct~orts and powers in anywiu entrusted by a Court to a Receiver, and such appointment shall be rt+ade by such Court as an sdmitted equity and a matter of ~bsolute right to ssid MORTGAGEE, a~ without ~eterence to the ~dequacy a in~deqwcy of the vslue of the property mortgaged or to the sowency or insolvency oi said NWRiGAGOR or the defe~dants, and that such rents, protits, income, issves and revenues shall be appiied by such Receiver accwdinp to the lien w eqviy of said MORTGAGEE and the practice of such Court. . 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with •nd abide by each and every Ihe stipulations, agreements, conditions snd covenants in said promissory note and this mortgsge set fwth. 9. Th~t in fhe event the ownership of the mortgsged prcmises, w any pan thereof, becomes vested in ~ person other than the MORTGAGOR, th~ MORTGAGEE, iri successors and auigns, may, without ~otice to the MORTGAOR, deal w:eh such successor a successor in interest with reference to this . mort9age and the debl hereby secured in the same manner as with Mortgagw without in any way vitiatirg or distharging the Mortgagori liability herr under a upon the debt F~ereby secvred. No sale of the premises hereby mortgaged and no fabearance on the part o( the MORTGAGEE w its iuccesso.i o? ~uigns and no ex~ension of ~he time for the paymeM of the debt her-by secured given by the MORTGAGEE or its sucussors or auigns, shall operare fo release, dixMr9e, modify change q affect the original lisb~lity of the lMORTGAGOR herein, ei~her in whqle a in put. 10. It is spec~fically agreed that time is of 1l~e essence of this contrsct ~nd that no waiver of sny obligation hereurKkr or of ths obligation se- wrcd hereby shall ~t any time thereafter be held to be s waiver of the terms hereof w of tl?e instrurtKnt secured herby. I1. In add~fion to the fwego:rg monthly payments of princ'pDl and interest required by the promiuory nore secured hereby, mortgagor covenants , and agrees to pay to mortgagee with each monthly payment an add~tional sum esrimated by mortgagee to be eqval to 1/12 of the annual cost of the follow- ~^9~ A-All re+l property taxes levied w asussed against the above deuribed real estate. , B-Premiums on fire and windstorm insurance as herein requ~red t~ be carried on the improveme~ts situate on the above described premises, C-Premiums on such mortgage guaranty ins~rance as rtro?tgagee shall from time to time deem fit to carry on the ban secured hereby. Mortgagee shall from time to time notify mo.tgagor ;n writing of tFie amount due and payable hereunder and suth sum shall thereupon be due and ~ psysble on the due date of the ~ext monthly paymeM and each successive month thereafter urtil mortgsgee shall notify mortgagw of a change in such amount. Such sums shall be applied by mortgagee toward the p~yment of real property taxes, i~surance prem:ums, and mortgage guaranty insurante prernivms. IN WITNESS WFiEREOf, the said MORTGAGOR has hereunto set his hand and seal the da d year first afu id ~ Sipned, eakd nd delivered in he p?e +rce of: ~ - •n •n ~ ~s~~n STATE OF FLORIDA ~ ~ St. Lucie I courinr oF eefore me penonally appeared Joseph Peoni - B1dllChe Peoni his wife, to me well known and known to me to be fhe individwls dexribed in and who executed the fwepang instrvment, and acknowledged befwe me tF?at they executed the same for tha purposa ~ N+e?esn exP.~sxd. a,d rh. s~~ Blanche Peoni wifs of ths s~id Josenh Peoni ~pon a sepsrate ~od privat~ examirution by me taken separate and apart from her said husbsnd, ~cknowledged to end before me that ahe executed said instrument frcely and volurr t~rily and without any campubion, constraiM, apprehenaion, or fear of w from her said husband. ! WITNESS my 1»nd and official seal this 3~~ day of Rebruar A. D. 19 68 ~ ~~z~ ~ Notary Public in ~~d for the State of Florida ~t larye ~ My Commiuion e:pires: ~/~oZ IP `(0 7 a~r~.~ ro: FILEO AND RECORDEO Fint Feders) Ssvings 3~~~ ,au«;a,ro„ ST. LUCIE COUNTY, FLA. ~ Of Fort P~erce. R~.COR^ VEF~F~ED MOiARY PUBLIC. iiAiE OF iLUSIDA AT LGR1iE Fon Pierce, F~orida MY COAAMISSION E~(PtRES NOV. ~6, 1971 ~ ~~A(~F~y~~ eonoeo F,e_o w. D~eere~MOws ~ This instrument prepared by , ~ ~ First Federal Sav. & toan Assn. 68 FEg S~ ~Q : 33 t.s~~i••:'~- 0 o Pierce , ~ ~a~~~~ " c-` L~~~ i : z : . : By ~ Ii~.Jt_f! !'U: i PGS _ ~ : v ~.f ~ 7 ~ CLERK CIRCUIT COURT • ` . ~y ~ ~ r. ~ YJ , ~ = = ~ 0 R ~ - " ~ B40K 17O PAGE1O87 f ~ ~ s:Tr., - - , ~ e~~ ~ ' _ _ '~=a :