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Home My WebLink About0846 3. To place and continuously keep on the bu~!dings now w hereafter ~;tuat~ on sa~d I~nd and on sll equipme~t and personally tovered by this mortQ- ege, w~~h al) premiums thrreon pa~d in fult, fire i~su:ance in the usual standard policy Eorm, ?n a sum appr~ved by Ihe MOR~GAGEE, and winds~orm ~ insu~a~ce in the usual standard pol~cy fam, in a sum spproved Oy the MORTGAGEE, in such company or compan~es as the MORTGAGEE may d~rec~; snd all tire and w~nds~orm insuroncs policies on ~ny of iaid bu~Id~nyi, ~ny interest therein w part thrreof, in the aggrega~e sum aforesaid or in excess thereof, s?~all contain the usual srondard mor~gageo tiauss o~ such o~he? clau~e ss the Nbrlgagee may requ~rs, making the loss urtdN sa~d poli- c~es, cach and every, payab~e to said MORTGAGEE as itt inte~est may appe~r, a~+d each and eve~y such pol~cy shall be promptly ass gned and defivered to any held by ssid MORTGAGEE as furrher securiry to said moregage deb?, and, not !eu than ten (10) days in advance of the expirat~on of each pol~cy, to da I~ver to said MORiGAGEE a renewal thereof, toqethcr with a reteipt for the premium o1 such renewal; and there sha~l be no f~re or winds~orm inaurance place~l on any of sa~d b~ildings, any interest th~~e~n w part thereof, u~tess in ~he form and with the toss payabfe as aforesaid; and in the event any sum of rtwney becpnes payable under such policy w pol~cies said MORIGAGEE shall have ~he opt~on to receive and apply She wme o~ account oF ~he indebted- ness secured hercby w?o permit aaid MORTGAGORS to reteive and us~ it a any parl thereof fw othcr pur~,o:es. v.ithout th~reo~ wanir3 0~ ~mpair- ing any equ~fy, I~en or r~9ht unde~ w by virtue of thi: mo:'gage; and in the event sa;d MORTGAGORS shall for any reason fail to keep the ia~d prem~sei so insured, or fail fo deliver pramptly ~ny of said policies of intu+ance to said MORTGAGEE, o~ fail promptly fo pay lully any premium therefor w in any respect fail ro perfwm, d~scharge, execute, eifett, complete, tomply with a~d tb+de by this covenanf, w any part hereof, ~aid MORTGAGEE may place snd pay fw such insurancs or any part ther~of without waivinQ w affecting any optlon, lien, cquity, or right undrr a by virtue of this Mwtgage, and the f~ll amount o( each a~d every such payment sha11 be immediatefy due and payable and shaft besr interest from tha date thereof until paid at the rate oi n~ne per centum per annum and to~ether with such interest shafi be secured by ll~t lien of this mort9age. 1. To pamit, cemmit o~ sufier no waue, impaicment a deterioratior? of sa~d praperty or any pa~t thereof. 5. To pey all and si~gula? the costs, charges a~d expenses, including s reasonable anorney'a fee and costs of abstracts of title, incurred w psid at any time by said MORTGAGEE, betause ot in the evtnt of the failure on 1he part of the said MORTGAGOR to duly, promptiy and fully perlotm, diuharge, execute, effect, complete, comply w+th and ab:de by eath and every the stipulat~ona, agr-rements, conditions, and covenants of said p~omissory note and this mortgage any w ei~her, and sa d costs, charges and expenus, esch and every, shalt be immediate~y due and payable; whether o? not there be not~ce de ~ mand, atrempt to collett or suit pend~ng; and the tull amount af each and ever such ; y paymenf ~haA bea~ ente~est from the date thereof until paid at tht rare oi nine per centum per annu:n; and all said costs, charges and expenses incurred or paid, together w~th such interest, sha~l be setu~ed by the lien of thii mwtyage. ' 6. That (a) in thu evenf oF any breack of ~his Mortgage or defautr on the parr of the MQRTGAGOR, or (b) in the e~enf any of sa~d sums of money herein referred to be not p~omptly and fully paid within th~rty i30) 3ays *+ex~ aF~ar the same severally bec~me due and payal~le, without demand o? ~otite, or (c) in the event each and every the stiputatio~s, agreeme~ts, conditions a~d covenants of sa.d promisso~y note and 1F~s mortgage any or either are nol iuly, promptly and fully perfwmed, d~scharged, executed, effected, compteted, complied with and a6ided ~ay, then in either or any such evtnt the uid ag gregate sum mentaned in said prom~sswy note than remaining unpa~d, with interes~ accrued, and all moneys secu~ed hereby, shall become due and pay- able forthw~th, or therea(ter, at the option of said MORTGAGEE, as futly end compietely as if a~l of the sa~d sums of mo~ey were originaUy st~pulated. ro be pa;d on such day, anything in sa:d pian~ssay note or :n this Mortgage to the co~trary notwithatanding; and IhereuFon w thereafter at the option of ' sa~d MORTGAGEE, without notice or demand, suit at law or in equ~ty, therefwe w thereafter ~gun, may be prosecvted as if all moneys secured hereby ~ had matu~ed pno? to ~ts ins)irurion. f 7. That in the event that at the begin~ing of or at any time pending any suit upon this Mortgage, or to faeclose it, w to re(orm it, or to enforce ~ paym~nt of any claims hereunder, said MORTGAGEE shall apply to the Co~rt having jurisd~ction thereof for the appointment of a Receiver, such Court sha(1 ( forthwirh appoint a receiver of said matgaged prooe»y al! and singvlar, includ~ng all and singular the income, proi~ts, iss~es and revenues from whatever ' source derived, each and every of wh~ch, it bei~g expreuly understood, is hereby morlgaged as if speufically ut forth and desuibed in the granting and t~akxndum clauses hereof, and such Rece~ver shall have all the broad and effeciive funcnons and powers in anywise entrusted by a Cou~t to a Receiver, and :cch appointment shall be made by such Cou~t as an admitted rqu~ty and a maner of absolute right to wid MORTGAGEE, and without reference to the edequacy w inadeq~acy of the value of the property mortgaged or to the sotverxy w insolvency o( :aid MORiGAGOR p the defendants, and that such renrs, profits, inco~~, issues and ~evenues shall be applied by suth Receive? according Io the lien w equity ot said MORTG~IGEE and the ptactite of such Courf, 8. To duty, promptly and fully perform, diuharge, execute, effect, complete, comply with and abide by each and eve?y the stipulations, agreements, :o~dirions and covenanrs in said promissory nore and this mortgage set forth. ~ 9. Thaf in the event the ownership oi the mortgaged premises, w any psrt fhereof, becomes vested in a person otlxr than the MORTGAGOR, the ~ '~'•ORTGAGEE, its successas and assigns, may, without notice to the MORTGAOR, deal with such successor w successor in interesf wirh reference to this mongaye and the debt hereby secured in the same manner as with Mortgagor without irt any way vit;ating or diuha~girg the Mortgngori liability 1~err under or upo~ the deb~ hereby secured. No sale of the Frem~scs F+e~rby mortgaged and no fwbearance on IF.e pan of the MORTGAGEE or its successors ~ or assigns and no extension of the time fa the payment of the debt hereby secured given by the MORTGAuE'_ or its succeuors w auigns, shati opente ' zo release, d~scharge, modify ~hange o~ af(ect the priginal liab~lity of the MORiGAGOR hereio, either in whole w in part. ` s 10. It is speufically agreed that time is of the esxnce of this contrad and that no waiver of any obfigat3on he~eunder w of the obligation se- r cured hereby shall at any time thereaftnr be held to be a waiver oF the terms hereof w of the inslrumeM secured herby. i 11. In add~tion to the fwego:ng monthly payments of princ"pal and interest requ'ued by the promiswry note secured herpby, mortgagor covt~anfs ~ and agrees to pay to mo:tga4ee with each monthly payrnent an add~~ional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow- ~ in~: A-All real property taxrs levied or assessed against the above described real estate. i B--Prem~wns on tire and windstorm insurance as herein reqv~red to be czrried on the emp~ovemeits s:tuate o» the above described premises. ~ C-Prem~ums o~ such mortgage gua~anty insuiar~ce as mwtgagee shall ~rom time to time deem fit to carry on the loan secured hereby. ~ Mortgagee sha~: frem t~me to time nofify mortgagor in writing of the amount due and payable hereundrr and such sum shall thereupon bo due and Fayable on the due ciate of the next monthly payment and each svccessive month thereafter urtil mortgagee shall notify morrgagor of a change in such z~:ount. Such sums sFa:l be appiied by mortgagee toward the payment of rer! property taxes, insurance prem;ums, and mortgage guaranty insurance pr¢miums. ~ IN WITNESS YIHEREOf, the said MORTGAGOQ has hereunto set his hand and seal fhe day and year first aforesald. - : Si~ne~J, Sealed and liver in the presence of: ~ p i - - s?.~t~ J2t~`~~n i ' t - (s~an ~ ~se.q STATE OF FLORIDA ~ sr , wc iE # ss. ~ couNrr oF # , Befwe me penonally ap ared Carlo Romano, SY. Sally Romano '"d his wife, to me well known and knowl to me te bs rhe individwls described in and who executed the forega ~nstrument, and ackrww~edged befwe me that they executed the same for tFx purposes rherein expresxd. And tlx sa~d- ~Z1y Rooano +vife of the said `'°s+~ nomano~ 5~, vpon a separate and priv~te examination by me taken separate and apart from her said husband, acfcrawledged to and befwe me that she executed said inatrument freely and volun- rar;ly and w~thout any compulsia~, constra~nt, apprehension, w ear of or from he~ ssid husband. ~ - Novemb r ' WITNESS my hand snd official seal this day of p 19 69 ~ ~ __~_3.__ltL~ Nbtary Public in and for the State of Florida ~t lar~ My Commiuion expires: Return 70: • ~~~~~,~tui•:c.t,.F~. NOTAAr MIBLJI~ tTAie Of fLOR10J1 AT 11~{'iE Firtt Feder~l Sav;ngs a twn lusoc~ation - ',~'r~ (~pMMISSION EXPIRES SEPT. 23, 1973 + ~ OF Fort P~erce. ' , ~ /WIDD iHRY fRiO MI. DIf~TEIlIORSi - ~ fort Pierce. flwida ` . ~ ~ . - . . . : . • ` ~ ' F1LE0 AND RECOR6~D~ - • ~ ` ST. LUCIE COUNTY. F~A. ` This Instrument Pre ared By John . r~ , ~ ~rCORQ VERIFIED P w. Eo~i~a: 186205 First Federal Savings ~ Loan Associ~tion : ; s . ~ of Fort Piercea Florxda , ~ '69 NOY 26 a~ ~ Zs Checked 8y o ~ U R ?tOGE~ ~ 0lTRA~ 400K~S,~ ~E . ~ CLERK CIRCUIT COURTj r i ~ - , ~ , a . . . . .._T-~ f ~ :sk ~ c v~- "p~d's~r_-YN'° ~ e ~ . . , r~:~f ~~~3t~