HomeMy WebLinkAbout2166 . l~
3. To piacy and continuously keep on the buildi~ys now or hereaft~r utuats on tsid lu~d and on ~II equipmtnt uvd pasonally covered by thia mortQ~
~g~, with •II premiums ~hereon paid in full, fire ir+su~ance in the usual itar+dard policy form, in a ~um spproved by tM htORTGAGEE, and wirtdstam
inw~~nce in ths uswf ttandard pol~cy form, in a surr~ a~oved by th~ MORTGAGEE, in ~~ch tompany or comp~nies ~s tF+~ MORTGAGEE may
diredj ~r~d al) ('ue a~~d windstorm ins~rance policiei on any of sa~d buiidin~s, any interesl therein w part thereof, i~ tM a~gre9~t~ ium afor~qid q ;
in exceu Ihereof, thall contain the vsval st~~dard mortgagee ctaust o~ such o~he~ daus~ u the Mat~agee may rcquu~, mekinp tM loss under said polb
cies, each and every, payab~e b said MORTGAGEE a its intereit may appear, and each aod eve~y i~ch poticy ~hall be promptly au:y~ed and delive~cd to
sny hsW by said MORiGAGEE as funher security to ssid mortpage debt, and, not leu ~F»n ~en (10) days in advance o/ the ezpirata~ of each pofity, to d~-
liver to wid MORTGAGEE a rer+~;~al thereof, toperhs~ with a rece~pt fw the premium of such renewal; and ~here shall be no fire or windstwm Ir?surante
plac~d on any of said bu~ld~rgi, any interc:t therein or part thereof, unless in the form and with tM loss payable aa afwesaidi ae+d in tM event a~y swn
of money becomes payable unde~ sucfi policy w policiet wid MORTGAGEf shal! have the option to receive and epply tla same on accounl o( the indebted-
neu aecu?ed hereby o~ to permit ssid MORTGAGORS to receivs and use il p any parl Ihereof tor other purposes, without Ih:reb/ waivi~ig or ~mpair-
ing se?y eqvity, lien w right under a by virtve of thi~ mo:sgags; a~d in the event iaid MpRTGAGORS shall for a~y reaso~ fail fo keep the said premises so
insured, a fai) to deliver prompfly ~ny of said policies oi insurarxe to said MORiGAGEE, ot fail promptly to pay fully any premium therefpr p i~ any
respect fail b pHform, discharge, execute, effect, complete, comply wirh and abide by this eovc~ant, p any part hereof, said MORTGAGEE may place and
paY fe~ such ins~rant~ w any pa?t thereof withoui waivinp or affecting any option, lien, equitY, or rigM undtr w by virtue of this Nbrtgs~e, er+d tM
full amount of cach and ev~ry such payment shall be immediately due and payable snd ~hall bear interest from ths date thereof until paid ~t ths rate oi
nine per tentum per annum and to~Nher with stxh interest shall be setured by the lien of this mortgage.
4. To permit, commit w suffer no waste, impairmenf or deterioration oi said prop~vfy or any parf ihe~eof.
S. To pay all and singulu the cosn, charges and expenses, including a ~casonabk anwney's fee and costs of abitracts of tiNs, incurred or paid at
any Yune by said MORTGAGfE, becaux a in the event of tl?e faiture o~ the part of Iha iaid MORTGAGOR to duly, promptly snd fvlly perform, dixharge,
ezecute, oifect, complete, comply with and ab~de by each and every the stipula~~ons, agreements, conditiau, arx! covM,a~ts of wid promissory note and this
mortyage any w either, and said costs, charges and expenses, each and every, shall be immediately dve and payable; whether o? not there be notice de
mand, attempt to collett or wit pending= and the full amou~t of each and every such paymeM ahall bear interesl from the date thercof uMil p~id af the
rate of nine per cenrum per am~um; and all said costs, charges and ex~ua incurred w paid, toge~her w~th such interest, shall be setured by the lien of thil
mwt9sp~.
Q That (a) i~ the event of any breach of this Mortgage w defaulr on the part of the MORTGAGOR, or (b) in tF~e event a~y of sa~d s~ms of nwney •
herein referred to be not p~omptly and fufly paid within thirty (30) days next after the same severally become due and payable, wi~houl demand or notice. F
or {~J in the event each and eve?y the stipulatior?s, agreeme~ts, condiiwns and covenants of sa~d promiasory note and th~s mwtgage any or eilher are not
iuly, promptly ar+d iully performed, d~scharged, executed, eifected, completed, complied with and abided by, then in either w any such avenf the said a¢
gregate sum mentioned in said promissoay note tF~en remaining unpaid, with interest acuued, and all moneys setvred F~ereby, shall become dw and pay-
able forthwith, w thereaftev, at the option oi said MORTGAGEE, as iully and completely as i( all of the said sums of money were originally stipulated
ro be paid on such day, anyfhing in said promisswy note or in this Mortgage to the con+rary notwithstand;ng; and thereupon or thereafter at the optan of
said MORTGAGEE, w~thovt notice w demand, suit at law or in equity, thcreFore or thereafter begun, may be prosecuted ss if all moneys secvred hereby
had matured pnot to its institution.
7. That in Ihe event that at the begi~ning of or at any time pendirg any su~t upon this Mortgage, or ro faeclose n, or fo rafam Ft, a to enfwcs
payment of any claims hereunder, said MORTGAGEE shalt apply to the Court havirg jurisd~ci~on thereof ior the appo~ntment of e Receiver, such Courf shall
fo~thwith appoint a receiver of said mwtgaged property all and singular, includmg atl and singular the incomo, profits, iswes and revenues from whatever
sourca derived, each and evcvy of which, it being expressly undersrood, is hereby mwtgaged as if speufically set fwth and deuribed in Ihe graMing and
habcndum clauses hereof, and such Receiver shall have all the brosd and effective fundw~s and powen in a~ywise entrusted by a Court to a Receiver, and
:uch appointment shall be made by suth Court as an admitled equity and a matter of absolure right to said A{ORTGAGEE, and w;thout referente to tha
adequacy a inadequacy oi the value of the property mortgsged o~ to the solvency or insolvency of wid MORTGAGOR d the defendants, and that such
~enrs, profits, income, iuves and revenues shatl be applied by such Receiver accwding to the lien a equity of said MORTGAGEE and the prattice of such
Covrf. •
8. To duly, promptly and fvlly perform, diuharge, execute, effetl, mmplete, comply with and abide by each and every ihe stipulations, agreements,
conditions and covenants in u~d promissory note and this mortgage set forth.
9. That in the event the ownership of the mortgaged premises, or any part thereot, becomes vested in a person other than the MORTGAGOR, the j
, MORTGAGFE, iri successoas and assigns, may, without notice to the MORTGAOR, deal with such successor or successor in interest with reference to lhis j
mortgage and the debt hereby secwed in the same manner as with Mortgaga without in any way vit;ating w dixhargin~ the Mortgagors' liability here- ;
under w upon the debl hereby secured. No sate of the premises hereby mortgaged and rq forbearance on the part of the MORTGAGEE d its 3uccessors
or assigns and rw extension of the time for the payment of the debt hereby secured given by the MORTGAGE~ or its successas w suigns, shall operate
to releau, discharge, modify change or affect the original liabitity of the N10RTGAGOR herein, either in whole or in part.
10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder w of the obligation se- i
cured hereby shall at any time thereafter be held ro be a waiver of the terms hereof a of the instrument secured F~erby.
In addrtion to the fwego'rx~ monthly payments of princ'pal and iMarest required by the prom;ssory nore secured hereby, rtwrtgagor eov rtts
and agrees to pay with each monthly payrnent an addi~ional sum estimated by mortgagee fo be equat to 1~i2 of the an ~ e{p~~pW.
inq: ,
A-All real property taxes levied or assessed against the a real estate.
B-Premiu~ns on fire and windstorm insurance as herein requ~red t o~ eme~ts situate on the sbpve dastribed premises,
C-Premiums on such mwtgage guaranty insur rrwrtgagee shall from time to time deem fit to tt?e loan sec~red hereby.
Mortgagee shail irom time t " ~ y mortgagor in writirg of the amouM due and payable hereunder and such wm reupon be due snd
Fayable on the due e next monthly payment and each successire month thereafter ur,til mortgagee shall notify rtwrtgagor of a c ~ip~~ch
amount. sums sF.a!I t~ applied by mortgagee toward the payment of real property faxes, insurance prem:ums, and mortgage guaranty inwrante ~
iums.
i
IN WITNESS WHER"cOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first afwesaid. ;
Sig . Se led and deliv ed i~ fhe presence of: i
.J
I< ` i
• n
~
_ n
rc__~
STATE Of ftORIDA ~ '
ST. LUCIB u-
courm oF
Befwe me Ily a ared Anthon DiPas4tti16 a~
~~Garr~`e J. i ~asqua e i
his wife, to me well known and known to me to bs ~
the individuets described in a~d who execvted tAe forcgoirg instrument, and edenowledged befwe me thal they executed the same for tbe purpases
rh~,~;~ exp,es~d. ,0.,~d rhe sa;~ - Carrie J. DiPaaquale
wife of the ~;a ~thony DiPasqua @
examination by me tak~n separate and rt from her said husband, scknowi ~Po^ a sepu~ta ~nd priwt~
l,., ~ edged ro and befwe me that she executed said irotrument freely ux! voluo-
rar~ly ~nd M,;~?w~t~s1~{~r com~utf•~on~ ~orukaint, apprehertsi9q~, or feu of ot from her wid huaband.
W~tNES~,~y ft~.~, an+d~pi~itq;s~a! thi~ //1 day of Ftbl71a13? A. D. 19 69
~\l . ^ , `
' ~ tary Public in ~nd fw the State of Florida ~t tuys
' ' • ± FII,ED AND RECORDE~ ~«~?m~~«+ exP~r~
- R~"'~n ' ST. LUCIE COUNTY."RLd ~
Fint ~sder~l Savingy~ 3 lQ~n ~ sop'ation ~tt ~~Of1di 1t Vf4!
~~Qf ~Fo?t Piertr~:' ~ECORD V~RIFIEQ ~ ~ ~ ~9
P~~.~...~~o.;a.~- - .L~4V~.~s ~ w. a c.~.r. c..
' ' L'
~ '69 FE6 I I AM I I: 26
This Insf~ument P~epared By ( '
First Federal Savings b loan Association ROGER OITRaS
of Fort Pierce CLERK CIRCUIT COURT=
Checked By John ~V. Collins
z
eoo~ ~ 75 ~
~ ~ ~ ~ ~
:.~~_~,~~__~~u.~~ , _ _ ~ - ~
. F:..~:..~