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Home My WebLink About1333 .._t s . . 3. To plac~ ~nd contimiously kNp on th~ buildirgs now a Mr.af~e~ ~itu~t~ on said land ~nd on ~II puipment ~nd p~?son~lly cov~.ed by this mat~- ags, with all premiurtu therton p~id in full, firo tnsuranc~ in 1M ~sual studard policy form, in • sum approwd by ths MORTGAGEE, and windttorm insursnce in tM viwl s~~ndard poficy fain, in a tum approved by 1M MORTGAGEE, in such comp~~y o~ canP+nies a tM MORTGAGEE m~y direct~ and all fire and windstorm ie?swanc~ policies on ~ny of said buildinp~, ~ny inrerest therein or p+rt thereoi, ln the +~yre9at~ tum ~faesaid o~ in sxcess thereof, shall contsin ths ~swl stu+dud mort9a~ cl~~s~ a such o~ha clauw as th~ M«tp~gee may requirs, onakinp t!w loss unda said poti- cies, each ar+d ~very, p+yable to s+id MORTGAGEE u ib intereif may appear. and e+ch and ~very such po~icy shall be promptly ~u:9ned and delivered to •ny held by said MORTGAGEE ~t fwther seturity to ssid mal~age debt, •nd, not tess t!»n ten (10) d+ri In advance of the eapi~atio~ of each poliq, to dr liver to iaid MORTGAGEE a rMewat thereof, topether with a receipt fw the pre~nium of wch renewalt and there shall be no fire or windstorm int~rsnce pleced on any of said buildirgs, ~ny interest therei~ o~ put 1Mreof, unleu ln the form end with tM bss payabl~ ~s siwesaid; u+d in tM ~vent ~ny sum of monsy becomes p+y+b~~ vnder such polky or policiss said MORTGAGEE shall Mve ~hs option to raceive and apply ths same on account of tM indebted- ness tatvred hsreby or ro permit said MORTGAGORS to reoeiw snd us~ it a any pa~t thereot fo~ other purposes, wilhout thereb~ waivi~g a~mpair- ing sny puity. IiM o? righl w+der or by v'utw of ihit mortpa~; and in the svent ia~d MORIGAGORS shall for a~y reason fail to keep iM tsid premises so insured, w fail fo delive~ promplly snY of said polities of iniurana to uid MORTGAGEE, w fail promptly to pay fully any premium therefw a in ~ny respect fail to pMtart~, discharge, execut~, effect, complets, oomply with snd ~bide by this covenant, or any part hereof, said MORTGAGEE msy place ~nd pay iw such insurant~ w ~ny pan thereof without waivirg o~ sffectirg sny option, lien, equity, w right under or by vi?tu~ of thit Mwtga~e, and the full amount of e+th and twry wtA payment shall be immediately dw and payable and ihall bear interest from ths date the~eoE until pald ~1 ths rat~ oi n~ne per centum pa ~nrwm and together with such intHest shall be secured by the lien of this mortpsge. To psrmit, commit or wffer ~o wut~. impairment or deterioration of said property or ~ny paA thereof. 5. To pay al) and sirg~l~r the cost~. cMrges snd expenses, includinp a reasonabb attaney's fee a~d costs of abstracts of title, incvrred or paid ~t any time by said MORTGAGEE, because or in the event of ~he fsilurc a+ the part of the said MORiGAGOR ro duly, prompHy and fully perform, d~uMrga~ execute, effect, complet~, tomply with and abide by each and every the itipulatioos, agreements. tonditions, ~nd covcnants of said p?omissory note and thi~ mo.rgage any w eiihe~. ~nd uid costs, chargcs and expens~s, each and every, shall be immedi~tely due snd payable: whether o~ no~ there ba norice da mand, ~ttempt to collM or wit p~?dlnyt and tM full srno~nt of sach and every such payment shall bear inte.es~ from the date thereof until paid ~t the ~ raie of nir~e per ce~tum pe? annum; and all said costs, ch+rges and expenses incurred or paid, together with such interest, shall be secured by the lien of thu mort9+y~. # b. ?hat (a) i~ the event of any breach of this Matgsy~ or defwlf o~ the part of the MORTGAGOR, or (b) i~ the event any of sa~d sums of mo~ey herein refer~ed to be not promptly and fully paid within thirfy (30) dayt next afte? the same severally becorne due and payable, without demar+d o? notite. or (c) in the event each ~nd every the sfiputations, agreeme~ts, conditions and covenanri of sa+d promissory note and th~s mwt9a9e any w either ~re nW iuly, promptly and fully performed, discharged, executed, effected, completed, complied with and abided by, the~ in e~ther or any s~ch eveM tM said aQ gregste wm mentaned in said promissory note then remaining unpaid, with interest accrved, and all moneys secured hereby, shall become dw and pay- able fwthwith, or fF~lfNffN. at t!?e option of said MORTGAGEE, ai fully and completely +s if all of the said sums of money were originally stipulated to be paid on such day, a~ything in said promiuory note or in this Mortgsge to the contrary notwithstsnding; and thereupon a the~eafte~ al the option of said MORTGAGEE, without notice o? dem~nd, suit at I~w w in eq~ity, thcrefore w thereaher begur4 may be prosecuted as if all moneys secured hereby had matured prwr fo its itutitutiOn. 7. ihat i~ the event that ~t the beginnirg of ot st any time pe~ding sny wit upon this Mortgage, a to fueclose it, w to reform it, or to enfwq payment of any daims herevnde?, said 1NORTGAGEE shall apply to the Court having jurisdiction thereof ~or the appointrrKnt of a Rtceive~, such Court ahatl iorthwith ~ppoiM a receiver of said rtwrtg~ged proQerry all and ~in~ular, includmg all and singula~ the income, p~ofits, iuues and reve~uei from whatever source derived, each and every of which, it beirg expreuiy understood, is hereby matgaged as if spec~ficalty set fwth and described in the gra~tiry and ~ habendum clavses hereof, and such Receiver shall !~ave +II the broad and effective funct~ons and powcrs in a~ywise ent~usted by a Court to + Receiver, ~nd ~ s::ch appointmeM shall be made by such Coutt ~s an admitted equiry and a matte~ of absolute right ro s~id MORTGAGEE, and without roferente to fF+e ~ adequscy w inadequacy of the val~e of the property mwtgaged or to the wNency or insolvency of ssid N10RTGAGOR o~ the defendants, and ~hat such rems, profih, income, issves and revenues shall be applied by such Receiver according to the lien w eq~ity of wid MORTGAGEE and the pradice of such t Court. _ 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with a~l +bide by ead~ and every tFr stipulations, agreemenb, conditans and covenaro~ in said promiuory note and this mortgsge set forth. ' 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a.person othe? thsn the MORTGAGOR, tFw h10RTGAGEE, its sucussws and auigns, may, without notice to the MORTGAOR, deal with x~ch successw a successor in interest with re(erence ro thw mortgage and the debt hereby secured in The ssme man~er as with Mortgagw without in sny way vitiating w dixharging the Mortgagor~' liability herr under or upon the debt hereby secured_ No sale of the premius hereby mortgaged and no forbearance on the part oi the MORTGAGEE or its successws or assi9ns and no exrension of the time for the p~yment of the debt hereby secured given by the MORTGAGE'_ or its succeuori w assigns, shali operaN i ro release, d~scharge, modify change a affect the orginal liability of the MORTGAGOR herein, either in who{e o? in part. ' 2 10. It is specifically agreed thst time is of the essence of this tontract and that ~o waiver of sny obligatwn hereunder o? of the obligatio~ se- ~ cured hereby shall at any time thereaher be held to be ~ waiver of the terms hereof w of the instrumeM secured herby. ~ I 1. In add:tia~ to the forego:~g monthly payments of princ pal and interest required by the promiswry note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an addirional sum est~mated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: A-All real property uxes levied or asses:ed against Ihe above described real estate. B-Premiums on fire and windstwm insurance as herein requ~red to be wrried on the improveme~ts situata on the sbove desaibed premises. C-Pr~miums on such matgage guaranty insurar~ce as mortgsgee shall from t;me to time deem fit to carry on the ban secured hereby. Mortgagee shal~ from time to time notify mortgagor in writing of the amovnt due and payabk hereunder and such sum shall thereupon be due and payable on the dve date of the next ~nonthly payment and each successive month the~eafter until mwtgsgee shall ratify mortgagor of s chsngs i~ stich a~nount. Such sums shall be applied by mwtgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance premiurtK. ~ IN WITNE55 EREOF, t said MORTGAGOR hss herevnto xt his hand and seal the day and year first aforesaid. ~ i ed, Sesl an e' ert~d~-i h(~nce of: ~ ~~j~C7~~~'~O ~ FILEO ANO RECOROED ; ' ST. WCIE COUN7Y. FL~r--~~ ~'n ~ - ~~p~ ~:~RIFIFD ~~n 6 . ~ ~ ?~,P~~ (seaq 4 ~•n ; ' 9 ~ ~ ' 9 ,!~''_i2~ ~ ~ I : 02 ~ ; ~ S7ATE OF FLORIDA ~ S ~ L/ / : ~ couNiY OF St. Lucie i~• / ~ ~fae ms perso~wlly appeared Fr II~C L UYlt ' a~ ~ Carol Laurito L~T C~UR his wiie, to me well krawn and krawn to me to be ~ the indiridwls described in ~nd who executed the foreparg instrumer?t, and ~cknowtedyed befwe me that they e:ecuted the same for the purpose~ g therein e~.~d. Md r~ Carol Laurito ~ ~ Frank Laurito ~ ~ ,~~fe of th~ said ~pon a sepsrats and priv~t~ ~ exam~nsYwn by me faken separate and apart from her said husband, sduwwledyed to and befwe me fhat she executed said instrument freely and volun~ ~ rarity and withovl any compulsan, constrsint, apprehens~i i~ +feu of or from her said husband. ¢ WITNESS my hand snd official seal this ~l day `j~e D. 19~24. ; r, - . ~ ~ ary ubtit in ~nd for the StaM of' fl0rida at l~rp~ ~ My Cortuniuion expires: Return Ta ° Fint Federal Savings b loan Associatwn fnQLI~ lTATE OF FLBRfap~ ~ Of fort P~erca RpE 1C COMMISSION EXPIRES lq4jy; ~[i f ~ 0 ANp RE~~ ~`~MDED 7fIROVGM rqED N'. Q~"~~~_ ` Fwt Pierce, flwida . ~ s ~~~~c~E ~ a~~tE~ i/-a9 - 7z. = . ~ ~ _ . `'F.~~a1c~~6 = ~ - - ~ ~ This Instrument Prepared By 'u ,O ; 50 ~ First Federal Savings b Loan Association ,~h , 6 N?~ ~ of Fort Pierce '69 ~ ~ Checked By J. Chastain GER ?O~R~' URZ~ . ~ Eto ~~R~~T ; ~ C1.ERK • ~ ~ - 0 R 60ac P~6E ~ aoo~c ~tE1~~ ? ~ f ~ ~ Y - _ _ ~ ; - - - - ~ __,~=,e_~.~~-`~~,_. _tiv,