HomeMy WebLinkAbout2692 3. To place and coniin~ously kcep on the buildings now w hereafter ~ituate on said land and on all equipment and personally covered by thi~ mortg-
sge, with all prcmi~ms thereon psid in full, fire insurante in the usual standard poticy form, in a sum approved by Ihe MOR(G~GEE, and windstam
insurance in ~he usual s+andard pol~cy form, in a sum approvcd by ~ha MORTGAGEf, in iuch canpany o~ companies as the MORTGAGEE may
direct; and all firs and w~ndstorm insurance po~icies w? a~Y of said build~ngs, any interest therein or part thereof, in ~he agy~rgate sum afuesaid or
In excess tAereof, shall con~ain the usual standard ma~gagee dause or iuch o~her dause a~ the Mo~fgSgeb" m6~requTriF~i b?1~ th~ tass u~dN-sard poti~
cies, each and every, payable ro said MORTGAGEE as ~ts interest may sppea~, sad each and every such poGcy ahall be prompUy ass g~ed and delivered to
any held by said MORiGAGEE as iur~her security to ssid mwtgage debt, and, not Iess than Ien (10) days in ad~ance of the exp~rat~on oi each polity, to da
liver to said MORTGAGEE a renewal thereof, topether with a rece~pt fo~ Ihe premium oi such renewal; and the~e shall be no i~re or windstorm i~surante
plxed a: any of said buildings, any interest therein w part thereof, unless in ~he form and wi~h the loss payable as aioresaid; and in the event any sum
of money becomes payable under such policy or policies said MORTGAGEE shall have the option to receive and apply the same on account of the indebted- :
ness secured hereby ~r. ~o permit said MORTGAGORS ro receive and use it or any part thereof for otncr pu~poses. ~v~~ho~c sh~r~u; wal~]n9 or ~~npa~r- ;
ing any equity, lien or riqht unde~ or by virtue of this mo:!gage; ~nd in the event said MORTGAGGRS shafl for any reason fail to keep 1he said premiszs so '
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insured, w fail to del~ver promptly any of said policies of insurance to said MORTGAGEE, or iyl promptly to pay fully any pre~»~um therelor w in any
respect fail to periorm, discharge, execute, effecL complete, comply wi~h and abide by this c~venant, w any par~ hereof, said MORTGAGEE may place and
pay (w such infurancs or any part thereof without waiving a affecting any option, lien, equity, or right under w by v3rtue of this Matgage, •nd tht
full amount of each and every such payment shall be immediately due and payable and shall bear interest irom tha date thereof until paid +t the rate ol
nine per ceotum per an~um and to~ether wiih such interesl sha~! be secured by the lien of this mortgage. j
1. To permit, commit or suffer no waste, impairment w deteraration of said property w any part thereof. '
5. To pay all and singular the costs, charges and expenses, including a reasonable attorney's fee and costs of abstrac!s of title, incurred or paid at ~
any time by said MORTGAGfE, because w in the event of Ihe faiiure on the pan of the said MORTGAGOR ~o duty, promptly and fully per(orm, d~scharge,
execute, effect, complete, comply w~th and ab:de by each and every the stipulaf~ons, agreements, cond~tions, and coyenants of said promissory note and th~s
mortgage any or either, and said costs, charges a~d expenses, cach an~ every, shall be immediafely due and payable; whether er not the~e be ~ot~ce de
mand, attempt to collect w suit pending; and the full amount of eath and every such payment shalf bear interest from the date thereof unti~ paid at the
rate of nine per centum per annum; and alt said costs, charges and eapenses irxvrred w pa~d, logether w~th such interest, shall be setured by the lien of thii
mortgage.
6. That (s) in the event of any breach of this Mwtgage w default o~ tF~ part of the MORTGAGOR, or (b) in ~he event any of satd sums of money
herein referred to be not promptly and fvlly paid within thirty (30) days next after the same severatly become due and payable, wi~hout dema~d or ootice,
or (c) in the event each a~ every the sfipulations, agreements, conditions and covenants of sa.d pramissory note and th~s mortgage any or eithe? are no1
~i~ly, promptly ~nd fully performed, d~xharged, executed, effected, completed, complied wilh and abided Sy, then in e~ther w any such ereM tM sald ag-
gregate sum mentioned in said promisswy note then remaining unpaid, witfi interest accrued, and all monevs secured hereby, shall become due and pay-
able forthwith, or thereafter, at the option pf said MORTGAGEE, as fully and comp~e~ely as ii alI of ~I,e said sums of money were wiginally st~pulaied
to be paid on s~ch day, anythirg in sa;d promisswy note or in this Mortgage to the contrary notwirhstanding; and thereupon or thereafter at the option of
said MORTGAGEE, without notice or demand, wit at law ot in equity, tF~erefore w thereaiter begun, may be prosecuted as if all moneys setured lxreby ~
~
had matured pnor to its institution.
7. That in the event that at the beginn~ng of or ~t s~y time pending sny suit upon ~his Mortgage, or to foreclose it, o~ to refwm it, o~ to enfo~ce
payment of a~y claims he~eunder, said MORTGAGEE shall apply to the Court having jurisd~ct~on thereof for tha appo~ntment of a Receiver, such Court shall
fe~thwith appoint a receiver of said mortgaged proQerty all and singular, includ~ng all and singular ~he income, profits, issues and ~xvenues from whatever
source derived, each and every of which, it beirtg expressly understood, is hereby mo.~gaged as if spec~lically set futh and describld in the g.anting and
habendum clauses hereof, and such Receiver shall have all the broad and effective funct~ons and powers in anywise entrusted by a Cour/ to a Receiver, end
such appointment sh~ll he made by such Court as an admiued equity and a matter of absolute rtght to said MORTGAGEE, and w~+houf refererxe to the
adequacy or inadequaty of the value of the property mortgaged or to the wtvency or insolvency oF sa~d MORiGAGOR or the defendants, and that such
rents, profits, income, iuues and revenues shati be applied by such Receiver according to the lien or equity of sab MORTGAGEE and the pradice of such '
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COUA.
8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulatio~s, agreements,
cond~tions aod covenants ~n said promisswy note and this martgage set forth.
9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other tha:? the MORTGAGOR, the
MORTGAGEE, its successws and assigns, may, without notice to the MORTGAOR, deal with such successor or successor in ineerest with reterence to this
mortgage and the debt hereby setured in the same manner as with Mortgagor without in any way vit;ating w d~scharging the Mortgagori liability hert
under or upon the debt hereby secured. No sale of the Fremises hereby mortgaged artd ~o forbearance on Ihe pan of the MORTGAGEE or its successors
or assigns and no extenzion of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its successors w assigns, stiall operate
ro rdease, dscharge, modity tfiange or affett tfie- originat liabriiry of rhe MORiGAGOR hrein, either- in whok or in part. -
10. It is spec~fically agreed thst time is of the essence of this contract and that no waiver of any obl~gat~on hereunder or of the obligat'an se-
tured hereby shall at any time thereafter be held to be s waiver of the terms hereof or oi the instrument secured herby.
I1. In add:tio~ to the forego'ng monthly payr~ents of princ'pal and interest required by ihe prom~ssary note secured hereby, mortgagor covenants
and agrees to pay ro mo:tgagee with each monthly payment an add~rional sum estimated by mortgagee to be equal to i/ 12 of the annual cost of the follow-
~
ing:
A-AII real property taxes levied or assessed a9ainst the above described real estate.
B-Prem~u~nz on fire and windstorm insurarce as herein requ~red Io be carried on the improveme~ts situate on the above described premises.
C-Premiums on such mortgage guaranty insurar~ce as mortgagee shall from t:me to time deem fit to carry on the loan secured hereby.
Mortgagee shall from time to time notify mortgagur in writirr~ of the amount due and payabte hereundrr and such sum sha~l thereupon be due and
payable on the due date of the ~ext monthly payment and each successive month thereafter ur,til mortgagee shall not;fy mortgagor of a change in such
~ amo~nt. Such sums shatl be apptied by mortgagee toward the payment of real p~operty taxes, insurance prem:ums, a~xl mortgage guaranty insurance
premiums.
n IN WITNESS WNEREO~, the wid MORTGAGOR has hereunto set his hand a~d seal the day and year first sforesaid.
I
J~ Sea~l~ed apd delivered in the presence of: Q~~~
i
~ v~ - ~ /i.i ON ~sQ
, •n
Seaq
~Ssaq
STATE OF FLORIDA ~
ST. LUCIE ~
courvn oF
Befwe me personally appeared Emanuel Lawrence Cachia
Helen Therese Cachia his wife, to me well known a~+d known to me to be
the individuals described in and who executed the foregoiny instrument, and acknowledgecl befwe me that they executed the same fw the purposes
therein exp~eued. And the said Helen Therese CaCtlld
wiie of the said Emanuel La.wrence Cachia _ a~rate and priv~te
examination by me taken separate and apart from her said husband, ackrawledged to and before me that she executed said instrument ireely and volun-
tarily and without any compulsion, constraint, apprehension, r fear of or frart? her said husbsnd.
~ WITNE55 my hand and official ceal thi day of rll q, p, ~q 7O
~ otary Public in ar+d fw the State of Fbrida at LarQe
~ , r My Commisiron expires:
Return To: 1~ .-"~`:r~r~~rr,. AiARI PU6L
STATE Of F
first federal Savings 3 toa~ Aswciatian Z_' .~~J'.i,~•, W(:pMMfSS10N EXp~RES gERpT~ ~~~~3
~ .
Of io~t ~~erce. ••~.~1~~~~~~~••• ~~r,` T~ •
~ Fort Vierce, Flwida C'~~ . c ~ti! ~ ~ 01~~~~
. ~ Q'zC~
~ Q,- ~T ^:~='J f ~ FiLE~ AND RECORDED~
ST. LUCIE COUNTY, FL.A. -
~ ~ ~'~fi~~O1Uin~ - . ~~C~RG ~~FRIF1~0
~ This Instrument Prepared By John ~t:.: ~ 191889
First Federa) Savings b Loan Association , f•. -~-~u= ~
~ ' ' •
~ of Fort Pierce F loridd
~ ' ~'',?L' , '?0 APR ~ PM 2 : 5 ~
~ -
Checked By ~
~ ~o~~ . -o~T~ :s
~ ~~~Q~ ~~+Q(] CLERK C,RCUIT COURT'
r; c~V ~UL7~ /
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