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Home My WebLink About1701 ~ To place •nd contin~oasly ke~p on tM buildinp~ now o~ Mr~+h~t titwq on said land and on all equipment and perwnally covered by this ma1~ p~, with all prtmium~ the?son p~id i~ fvll, fire insuranc~ in ths utv~l ~tand~rd polity fwm, in a~um approved by tMe MORiGAGEE, and windstam i~tw~nu in tM u~wl sunda.d pol~cy fam, in a sum approved by ~M MORTGAGEE, in tuch canpany or companies 1M ~MORTGAGEE may dincts u~d all ii~~ ~nd wi~datortn inswa~ policiea on a~y ot seid buildi~ga, any intsr~st Ihtrtin or part thereo(, in IM a~grcpa~e tum aforeiaid w In ~xc~ss ther~ol, ihall conuir~ fhs uswl ~ta~dud mortg~k cla~is w tuch othe~ ciauw as tM Mort9ay~e may mquae. m+~inp the to~s under ~a~d po1F ~ cisi, each and evNy. p~Yabl~ ro sa~d lNORTGAGEE as its interest may ~ppea~, +nd each aod every s~rcA pol~cy sMll b~ p?ompuy ~si.9nrd and del~vered to ; ~~y Mld by said MORTGAGEE ivr~F?H security to ~sid mortya9e debt, and, not less tMn ten (101 days in advar~cs of the expirat~on oi each polky, to da ; livK ro iaid MORTGAGEE a re~ewal ~hereof, 1o9etFw wi~h ~ rece~pt fw the premium of s~ch renewal; and ~here shall be ra f~re o. winds~orm iruurant~ ~ plat~d on ~~y of aid buildinps, ~ny interest thaein or put thereof, unless in the iorm and wi~h tM loss payable as atwesaid; and in the event any tum of money becom~s p+yabl~ unde? such policy o? policies a~id MORTGAGEE ~hall have ~he option to receive and apply tM same o++ account o~ tM i~debted- neu kcv~ed h~reby o~ to pe~mit said MOitiGAGORS to receive +nd use if a any par~ thereof tor o1her purposcs, Wi~F10U~ th~r~o~ waivi~u~ or ~mpair- inq ~ny pu~ty, lia+ a ri9h~ unda a by vir~w of lhis mort~ap~; and in tha evem ia~d MORTGAGORS zhall !w a~y reason fail lo keep tha ta~d premius so insured, w fail to deliver promptly ~~y of sa~d policles of iniura~us ro said MORTGAGEE, a fail promp~ly to pay lully any p•e~nium therefw o~ in any ~esp~a fail ro pKfwm, dixhar9e, a:ecvte, ~ffect, complete, comply with and abide by this cove~ant, o~ any par~ hereof, said MORTGAGEE may pl~ce and pay tw suth iruurant~ o~ any put thereof witlwut waiving or ~ffectirg soy option, lien, eqv~ty, or righf under a by virrue ol rhis Matgage, and tht 4ull art~ounl of exh and ~very iuch payment shall be immediately due and p~yable and shall beai interest irom the dats thereof un?il paid at the rate ol nine per ceNUm pa~ annum and to~ethr~ with such intcrest slwil be secured by the lien of this mortgage. 4. To permit, commit or suifer no waste, imp+irment o~ deterioration of said property u+ny part thereof. S. To pay all and sinputu the costs, c1»rges and expenses, including ~ resaonable attorr?ey i fee and cosrs of abstracts of title, i~curred or paid ~t eny time by said MORTGAGfE, becavx or in the tve~t of the fa~lure on the par~ of ~he said MORTGAGOR lo duly, promptly and tutly perform, d~xharge. execut~, effect, complet~, comply w~th and ab:de by each and every tF?e stipulations, ag~eements, cond~tions, and covenants oi said promissory note and this mwfgape ~ny o~ eithe~. ~nd said costs, clurges and expenses. Nch and evmy, shall be immedielely due and payable: whether w, not ~here be no~ice de~ ma:~d, attampt to collect w wit pend~ng; ind the (ull amovnt of e~ch and every svch payment ~hall bcar interesf from the date thereof until paid at the ~ate of ~ine per centum pcr annum; and all said costs, charges and eapenses incvrred w paid, togethrr w~~h such inte~est, ahall be secured by ~he lien of thN mwty~ye. b. Th~t (a) in the event of any breach of ehis Mo?tgaye w defautt on ~he pa?t of the MORTGAGOR, o? (b) in the event any of sa~d sums of money herein r~ferred to be not promptly and futly paid wi~hin thufy (30) days next after the same sevrratly become due and payabte, withoul demand or notice. or in the evem each and every ths stipulations, agreementt, ca+ditions and covenants of u:d promiuory note and th~: mortgage any w either +re not iuly, promptly and fully periamed, d~scharged, executed, eitected, compkted, complied wifh and ab~ded Sy, then in e~~her w any such event 1F?~ said a¢ gregate sum mentio~xd in said p?omissory note then rema~rting unpa~d, with intcrest accrued, and all moneys secu~ed hereby, shall beconie due and pay- able fathwith, or thcreafter, at ~he opt~on of said MORTGAGEE, as fully ar+d completely as it all of the sa~d sums of mo~ey were or~ginstly st~pulated to be paid on such day, anythirg in sa~d p~omissory ~+ote a in this Mo?tgage to the con~rary ~otwithstanding; and thereupon w thrreafter at 1he option of said MORTGAGEE, without notice w dcmand, suit at law or in equity, thcrefore a thereafter begun, may be proxcuted as ii all moneys secured hereby had matu~ed pno~ to its institvlion. 7. That in the eve~t that at the beginni~g of or ~t a~y time pending sny suit up«? this Mwtgsge, o? to foreclose it, a to refo~m it, or to enfwce paymmt of any claims hereunder, wid MORTGAGEE shall apply to the Covrt having ju~isdictio~ thereof for Ihe appointment of a Receiver, such Court shall Fortfiwith appoint a receiver of said mwtgaged propert~r all snd singular, intlud~ng all and singular Ihe income, p~o(its, issues and revenuea from whatever source derived, each and every of wh~ch, it beinp expressly ~nderstood, is he~eby matgaged as if spec~fically set fwth and described in the granting and habendum clauscs heieof, a~ such Receiver shall have all the b?oad and ef(ective funct~ons and powers in anywise entr~ated by s Gourt to a Receiver, and such appointment shalt be made by such Court u ~n admitted equity and a mstt~r of absotute right to sa~d MORTGAGEE, and withovt reierence to ths adequacy or inadequacy of ~he ralue of the property mortgsged or to the so~vency or insolvency of said MORiGAGOR or Ihe defendants, and that such rems, proiits, incom2, iuues and revenues shall be applied by such Reccivcr atcord~hg to the lien or equity ol said MORTGAGEE and the F7fM1iC! of suth Court. 8. To duly, promptly and fully perform, discha?ge, execute, effect, complete, comply wi~h and abidc by each and every the stipulations, agreements, conditions and covenants in sani promissay note and this mortgsge set fwlh. 9. Thst in Ihe eient the ownership of the mortgayed ptemises, o~ any psrt thereof, becomes vested in a perwn other than t1x MORTGAGOR, the MORTGAGEE, its svccessors and au+gns, may, without no+ice to ~he MORTGApR, deal with such success« or successor in interes~ with reference to thia mor~gage a~d tF~e debt hereby secured in the same manner as wiih ARortgagor without in any way vit;ating or d~scharging the Mortgagori lisbility hera urder or ~pw~ the debr hereby secured. No sale of the premises hereby mortgaged and no fabearance on the part of the MORTGAGEE w its successws or assigns and no earens~on o1 the time for the payment of t1~e debt hereby secured given by the MORTGAGE~ or its successors w auigns, shall operate to release, d~scharye, mod~fy charge w affect the orginal liab]Gty of the MORTGAGOR herein, either in whole or io part. 10. It ~f~cally agreed that time is of the essence of this contract a~ that no waivcr of any obl~gat~on hereunder a of the obliyation sr cured hereby s e~ any time thereafter be he!d to be s waive~ of the terms hereof or oi the instrurt+ent secured herby. 11. In a d.rio~ to the forego:ng monthly payrrwnts of princ'pal and interest requ+red by the prom~ssory nore secured hereby, mortga~or covenants and agreea to pay to mo:tgagee vvith each monthly payrnent an add~rional sum esrimated by mortgagee to be equal to 1~' 12 of the annual cost of the follow- ~ng: A-All real property taxes levied w assessed agaisst the above desaibed real estate. B-PfCT.i:!'T~S OO i~re and wir.dsrorm insurar,ce as herein req~:red to be carried on the ~mproveme~ts situate on the above destribed premises. . C-Premiums o~ svch mortgage guaranty insurance as mortgagee shall from t~me to time deem fit to carry on the toa~ secured hereby. Mortgagee sha~l from time to time notify mwtgagor in w~iting of the amount due and payable hereunde~ and s~th sum shall therevpon be due and rayable o~ the due date of the next monthly payment and each successive month thereafter urti! mutgagee shall notify mortgagw of a change in such ~ ~ a~^.o~nt. Such sums sl~aii be applied by mwtgagee toward tF~e payment of ~eal property . taxes, insurance prem:ums, and mortgage guaranty insurance ! premiums• ~ ~ ! IN WITNE55 WHfREOF, the said MORTGAGOR has hereunto ut his hand and sea) the day ~hd r first pfw~id. • ~ Sigry~ Sealed deliver 'n the pre~ence of: j~ d ~ ~ ~ 1'/J D-~f` f IlEO ANO RECOROEO ~~4 c,~ .n ; SZ.IUCiE ~OUHtY F~~. a . e r r0 aq s ROGE~ POITRAS ~ CLERK CiitCU~T COU RECOP~ vER~FiEO . ezr ero n ~ STATE OF FL IDA pY ~a ~ 33 PN T I couNn oF St. Lucie 209464 ~ ~ E ~ eefore me perwnally sppeared Rzank A. C~erriero and ~ Phyllis ~erriero his wife, to me wefl krawn and known to me to be , rhe indiridwb desc,~bed in and who executed the fwegoing instrumenL and acknowtedged before me that they executed the same iw the pwposes ~ ~ Phyllis J. C~uuerriero rherein expressed. /~r+d the said ,n,~fe of the said Rrank A. Guezriero upon s scp~nte and privat~ ~ examinatio~ by me taken separate and aparf from her said husband, ~cknowledged M and befpre me tFwt the eaecuted said instrument iree{y and votvo- , ranly and w~thout any computsion, constra~nt, apprehens~on Sf,\fsu of w from her said husband. ~ WITNESS my hand and official seal this ~ day of Ma A. D. 19~L > ~ Notsry Public in and (w t Stat of Florida~~t Lv~"'~., ~ ~ L ~ My Comm~ssion eapires: . ~ 3•,~, ~ _ ; ~ Return To: ~ ~~••••i••~}•~~ % t ~ ~ '`0' 4~~,.~' . . . • fint federal Savings a loan Associat~on y @ Of Fo~t P.crce. l o~ I' ~ f/ ~ a~~!~~ ~ v = ~ _ ~ . f J c: = ~ f or t P~ er c e, ff o rid a = Q: ~~'LO~~ V _ ~ : V • ~ . ~ • .o ~ a ~v, ~ . ~~.;.Z ~o ~ This Instrument Prepared By Richard K. Kayes ~~Z,,,; ~ First Federal Savings ~ loan Association 5~;~.~` ~ of Fort Pierce, Rlorida " ~ ~ Checked ~ ~~nx192 i697 ~ ~ ~r ~ ~F _ _ - ~..w ~$r_