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HomeMy WebLinkAbout2650 9. To place and continuously keep on the bu~!d~r~gs now or hsreafter ~~tuate on ~a~d land and on all equipment snd personally covered by this mo~ sge, with sll premiums ~hereon pa~d i~ futl, (ire insuranca i~ 1'e utual sta~dard policy fam, in a sum approved by the MORfGAGEE, and wind~~o insurartce in the uswl standard poficy ~am, in ~ sum approved by tAe MORTGAGEE, in sttth canpany w compa~~es ai ~M MORiGAGEE dirK1; and all (ire snd windstorm insurante po~~c~et on any of taid build~np~, a~y inferest therein or part thereof, in Ihe ~~g~e9at~ s~m afatsaid in exceas thereol, shall contein tha usual uandard ma~gagee cfauss w such o~her dause ~t 1M Mor~qsgee may requ~ro, ma?inp ~hs lo~s under sa~d po cies, euh and every, payable to said MORTGAGEE a~ its interesl may appear, •r+d each and e~ery such po~icy shsll be prompt~y +u.Qnad +nd de~~v~red ~ •ny heW by said MORTGAGEE ss fur?her ~ecurity to said mor~ga9e deb1, and, not less thao ten (10) day~ in advance of the expiration of each policy, ~o d~ live~ ~o said MQRiGAGEE a renewal thereof, toge~her wi~h a recapt fa the premium of such renewal; and ~here ihall be no f~rs or winds~orm in~urant placed o~ any of said buildings, any interest therein or pa~~ ~hereof, unless in the (orm snd with the losa peyable si afweuid; ar+d in th~ evenf a~y t~n of money becomes payabte undcr such policy or po~~cies said MORTGAGEE shall have the option to receive and apply the same on accoun? oi iM indebted + neis secwed hereby w ro permit said MORTGAGORS ~o receive and uie it or a~1y par~ thereof lor other pwpoaes. ~vitho~t th-.eb~ waivi~~g o~ nnpair• ! iny ~ny equity, lien u ~i9ht under p by virtus of ~his mortgafle; and in the ~veM w~d MORTGAGORS shall fw any reaso~ fail fo keep the aid p~emiars so ~ iniurcd, o~ fail lo deliver promptly any of said polKies o( insurence to said MORTGAGEE, w(ail pomptly to pay fully eny pramum therefw or i~ any ~espect (ei) b periwm, diuharge, execute, effect, complete, comply with and abids cy th~s cove~aM, w any part hereot, taid MORTGAGEE may p~ace a~d pay (a such infurance or any parl thereot without waiving or affec~iny any opliaL fien, ~qvity, u ~ight under a by virtw of this Mwt9a~e, and the futi amount of each a~d ev~ry tuch payment shall bs immcdiately due and payable and shall bear interest from th~ date lhereof ~ntil paid +1 the rats ol nine per centum pa ~nnum and together with such interest ihal{ be secured by the lien of thif mort~a9e. 1. To permit, commit or suifx no wsste, impsirmeM w deterioration of aaid property or ~ny paA thereof. S. To pay ~II and singu~~r rM costs, charges snd expcnsr~, ~ncluding ~~cssonable anorn~y's fea +nd cosh of abstrada of tiNe, incurred o. p.~d a1 any time by said MORiGAGEE, because or in the evenl of the failure on the part of 1hs ssid MORTGAGOR to du~y, promptly a~d fully pwform, d~sthuy~, execute, ettect, complete, tanp~y w~th and ab:de by each and every the etipuiat~ons, sgrcements, conditiau. and covena~n oi said promissory ~ote ~nd thi~ morfgaye any w eitlu?, and sa~d costs, charpes and sxpenses, each and overy, ~hall be immediately due and payable; whether a not there be not~ce de n,and, attempt to collect a suit pend~ng; and tha full amount of each and every svch payment shall bear interesf from ~he date thereof until paid +1 the ~ate o~ nine per centum per anuum; arw all aaid costs, cha~ges aod expenses ~ncuned or paid, Iogether w~th such intero~t, shall be secured by ths li~n of thii newty+9e- 6. TMt in the event of any breach of ~his Mwtgage or defautt an tM part of tha MORTGAGOR, or (b) in the evcnt ~ny o( said swn~ of monty herein reierred to be not promptly and fully paid within thuty (30) days nex~ after the same severally becoma due and payable, withoul demand or notice, or (c) in the event each snd every the stipulations, sgreements, cond~~ioru and covenanti of sa~d promissory note a~d th~s mortgage any w either are no1 iuty, promptly and fully performed, d~scharged, ezecured, effrded, complefed, compl~ed with and abided by, then in e~ther or any such event tM uid ag greqate sum menraned in said promisaory note then remaining unpaid, with inte~est accrued, and all moneys secured hereby, ~hall become dw and pay- eble fathwith, or rhereafter, at the opt~on of said MORiGAGEE, as fully and completely as ii atl ot the said sums of money were wiyinilly sripu~ated to be pa7d on such day, anything in sa:d promfssay note or in this 1NOrtgage to the coo~ra?Y ~otwithstanding; and thereupon a thereaiter at the option of sa~d MORTGAGEE, w~thout notice or denwnd, suit at law or in equity, therefore or thereaite~ begun, may be prosecuted as if all moneys iecur~d hereby nad mawred prwr to its institutian. 7. That in the event that at ~he beginning of a st any ~ime pending any suit upon this Mortg~ge, d to fweclose tt, or to refwm il, or to enfo~ce payment of any claims he~eunder, said NIORTGAGEE sF~al! apply to the Covrt having '~µt i~tiw+ thereof for the appointment of ~ Receiver, suth Covrt shal) Forrhwith appoint a receiver of said mortgaged property all and singular, inctud~ng all and s~ngutar fhe income, pro(~ts, issues and revenues from whatever sc~rce derived, each •nd every of wh~ch, it being expressly vndersrood, is hereby mortgaged as if speti(icalty set forth ~nd dewibed in fhe 9~anrir?g and habendum clauses hereof, and such Receiver shall have aIl the broad and effective funct~ons snd powers in ar?ywise entrusted by a Court to s Reteivp, and :;,ch appointment shall be made by such Court as an admitted equity and a matter of absolute ~igh1 to said MORTGAGEE, ~nd withou~ reference ro tM adequacy w i~adequacy of the value of the p~operty mwtgaged or to the sotvency or ~nsolvency oi wid MORTGAGOR o~ the defe~dants, and that such re~rs, profin, incane, iuves a~d revenves shall be spptied by such Rece~ver sccwding to the lien w p~ity of said N10RT6AGEE and the practice of such Court. 8. To duly, promptly and f~lly perform, discharge, execute, effect, complete, comply with and ab'~de by each snd every the stipulations, ayreemenh, co~ditioru and tovenants in sa~d promissory note and this mortgage set fath. 9_ That in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in a person other than ihs AIWRTGAGOR, fh~ MORTGAGEE, its wccessors and assig~s, may, without norice to the MQRTGAOR. de+l with such sutcessor a succeasor. in interest with refere~ce fo this mortgage and the dsbt hereby secured in the same manner as with Nlortgagw without in ~ny way vitiating or diuharging tht Mut9agors' liability here- ~nder w upw? the debt hereby sec~red. No aale oF the premises hereby mortgaged and no fabearance on Ihe part of the MORTGAGEE p ib sucttssors or assig~s and no extension of the time for the payment of the debt hereby secured g~ven by the MORTGAGEE w its suctessors ot ~ui9ns, shall op~rat~ ro reEease, d~scharge, modify chenge a afFecf the o~iginal liab~l~fy of the MORTCaAGOR herei~, either in whole or in pa~t. 10. It is spec~fically ag.eed that time is oi the essence of this co~tract and that no waiver of any obligetion herewxler a of fM obliyation s~ c~red here4y shatl at any time thereafter be he:d to be a wa~ver of the terms hereof a of the instrvment secured herby. 11_ In add:tie~ to the faego'ru~ momhly payments of princ pal a~d interest requ:red by the promissory note secured hereby, morigagor covenants n~d agree: to pay to mortgagee with each monthly payntient an add~rional sum es?imated by mortgagee to be eqval to 1/12 of 1F~e annual tost of the fOllow- ing: " A-All real property faxes levied o. assessed agai~st the above described real estate. B-Prem.~ums on f~re and windstorm insurarce as here~n requ~red to be carried o~ the improvemeots sitvate' on the above described premises. C-Premiums on such mwtgage guaranty insura.~ce as mortgagee shall from rime to time deem fit to carry on the ban setured hereby. Mortgagee sha~l from time to time notify mcrtgagor in writing of the amount due and payable he?eunder and such sum shal) thereupon be due ~nd I cayable on the d~e oate of the next month'.y payment and each successive mo~th thereafter urtil mwtgagee sha11 notify mortgagw of a chuge in such ; a-ovnt. Such sums sha:l be applied by mwtgagee toward the payment of real property tazes, insurance prem:ums, and mortgage guaranty inw~ante ~•emivmi- ~ ~ f IN WITNE55 EREOF, the wid MORTGAGOR has hereunto set his hand and seal the day a~d year first afwesaid. G ' n, Seal n.deliver n the prexnce of: ~ ~ f crs~s ' . ~ W `J R na d S Macc iaz i q ~ _ ? r ~ Witness Ri l~mr~na S_ Ma __h arnt ~Nq STA1E ew York ~ ~ ;J~ Y couNnr oF ~,fa~ p.,.«~uy ,~,.~d Ronald S. Macchiaroli ,~,a Rilomeil8 S_ Macchiaroli his wife, to me well known +nd krwwn ro m~ to b~ _ rhe ind:vidwii described in and who executed the faeyany instrument, and acknowledfled befor~ me that they extcuted ths s+rn~ fw th~ pwposes ~herein exp~esud_ And the said Ri lomena ~'W CC}t la ZO11 «;1e of ths said d upon • sepu~t~~ and priv~t~ e=em~nst~on by me taken separate snd apart from her taid husbs~d, acknowiedged to a~d be e me t she exetuted iaid irutrvment freely ~nd vol~m- ~ar~Iy and w~ttwut any compulsion, tonatroint, appreheni~on, fear of w(rom her said hus nd. . ~ WIiNESS my Mnd and officiat seei th~s_ day of S 'beZ A. D. 19 71 ~ tar Public n~nd (or tM St fof y Comm~sa' fxpinu - 1,~~, Refurn 70: ~ rt~f:,-,f~, Firtt FedtNl Savirp~ L Lo~~ Atsociet~on 3 d. 7 3 ~'1(~~~ • "~"~ri. 3- j. r. r Of For~ P:rce ~~i f~,~ ? _ ~ iOtt D~erte. F1~•i~d+~ . ~'~Q.~~ Oy~ ~ fIlEO ANO RUM?Y i~~• y~''~. ~ ST. LUCIE CO ~ ~ . ' .~?.y ' '~'~i : lIOCER POITIIA: . ~ This InstrumeM Prepared By W4~ E. Brat~l.ERK C~aCU1? CODRT •~~-1:.~;{(~rj' ~ ~ First Federal Savings b loan As~.ociahon RECOR~ VEa~F~EO .M ~ ~ oi Fort Pierce~ Floricia a~( 1~~' ,Q S~r 2g Il 4i ~1 ~l ~4,:jf~ a, Checktd BY Aj-~ - - - 21~~ „ d00x ~ ] i s ~ ~ , _ _ _ _ _ ~~.~_s.n 't _ - : _ . .