HomeMy WebLinkAbout2662 3. To ~'ace a~d cont~n~ous~v kerp on the L:: d,ngi n~~n or F~r~eafter s:tusie on s:,~d ~an~ and on alf eqoipmen` a~~d personatly cove~ed by th~s ma
ege, w:th all prenu~ms fhc•~eon ~,a d~n f.,;t, t~~e „.s..:a ~ce ~n rr~e ~s~.~i sfe~~d~ d p:, ~cy form. ~n a s~m aHp~o.ed by the MOR~~~~~:[, a~~d w~•~d~to
~nsurance in t!~e us.,al s~andard ~.~:.cy torm, in a s.,m a~.pro.ed t.~ rhe M.)RiGAGEE, in su.h co^~pany or cort.~,en+es as ~~~e A10RI~AGEE m
d:recr; •nd all fire a~}d w~ndseorm insv~ance po,~.~c•s on any of sj~d b:,~~d.~ys, any int~rest rhere~n or pe~t rhe.eol, in the aggreg;ie sum ato~esa~d
in eacess the~cof, shatl :onia~n ihe ~wai sra~+d~,rd mo !g.•~re c•a~se or s~~.h o~her c!a~se as ~he Mongagee may requ:.e. rnal.~ng the ~ou ~~der sa,d po
c~es, each and every. pa~ab!e +o sa~d ~1~JR7v4~ EE an ~~s ~n~erest n,ay eppea., a~~d Pa:h and every wch p.'~cy aheil b! promptiy ais g~rd a~~d de,~~errd
any held by sa~d MORSGA;~E[ as further src~~~ty ~o sa~d r,o<<~.+~e drb~. and. nof Iess ~han ren i101 days in ad:ance of ~he exp~~a!:on oi eech pol~cy, ro d.
Iwer to sa~d M~RiGAGFE a renewai thereaf, iogethar w~rh a recr~,~t tor tht ~~r~~:wm oi auch rene~a,; and ~here shall be ne t~re o~ w~ ~~i~~~•~n i~i~ranc
p!acetl on any ot sa~d b.,~id.•~gs, a~y ineerest rhrre.n or pa:~ tt~errof. ~n•rss 1n the form a~~d vc~~h fhe ~oss payab!e as afe•esa~d; and in the e.em any s~~
of money beco~~es pa~ab~e under s~ch po:~cy or po!~ues s~~d MORii~SGEi s~,.~H have ~h:~ op` o~ to ~ec~•+~e e~~~ apF~!y the sarne o~ acco~,v of the ~ndetred
ness sccured hereby or to pcrmlt sa~d MORTvAGJRS to rec~ive a~~d use it or any ne~t the:eof tor crn•r i.u~c~os;s ...~~~::~t th,•.,~, vti_..~~~ ~~p.•~~
~ng any equ~ty, f~en or n9ht uncirr or by v~rwe of th~s mc•~gage; and m ~he ev~m sa d V~ORTI~AGORS sha!I ior any rcason fail to kcep rhe sa~d pre~r~~es ao
~nsurrd, or fai! to delwer pron~ptly any of sa~a~ po~~c~cs ot ~~w~a~ue ~o sa~d MORTGAvEE, or f~~ p•Lmpr:y to pay tu'~ty any pre ~~~.~•n There4o~ o~ in a~y
respect fai~ ~o pe~form, d,scharge, execute, eiiect, cor~p!er~-, co-~N!y x~th and ab~de by tA~s covenan~, or any pa:t hereef, se~d M~RT:-aGEE may p~ace e~a
pay for such ins~rance or any part thrreof w~thout wei~inq or a!ie.t~ng any oyT,.~, uen, tqu~ty, or n~ht ~nder or by virtue of th~s hlo~tgage, and tht
i.,l~ amount of each and every suCh adyment sha;I be immcd~etely due and payab!e and shali bea. ~nterrst from tha date th~~reof uniil p.,~d at the rate oi
n,ne per cenrum per annum and to~~vh~•~ v.~•h s~ch intrrrs~ sh.~;. ae sr~..•ed L~ the Len of this mo'Igage.
4. io permit, commit or w(der no waste, ~mpai~rnent or dctenoranon o! sa~d p:operty ot any part thereof.
5. To pay atl a~d singula• the costs, charges and expenses, ~nuud~ng a reasonable atrorney's fee and costs of abstracts of t~tle, ir.c~ned or pa~d a~
any time by sa~d MORTGAGEE, beca~se or in the event oi th~ (a ture on the part o~ the said MOR7GAGOR to duly, promp~iy and f~lly perform, d~scnarge
e=ecute, efiett, canplete, co•npty w:th and ab.de by ea:fi and every ihe st~pu~a~~ons, agreements, tond~t~ons, and covenan~s o~ sa~d prom~ssory nete a•~d ih~~
.~~origage any or eiihe~, and sa~d cosrs, charges and expenses, eacn and every, shall be immed~atety due and payable; whether or not ~he~e ce nunce dr
:nand, atrempt to co~iect or su;t pend.~g; and the ful: a~nouni o4 each a:•d every such paymem s~alt bea. inrerest from the date thereaf um~1 pa~d at the
re o~ n~ne pC: C2nt~m pcr arn~~~i; e-~~ a~t sa~d a.ars. ci~a~ges a~,d r~;,~•nses ~nc~: red o~ pa~d, ~ogether w~th such ~nterest, shall be secured by ~he uen of tha
mortgaQe.
6. That (a) in thc eveM of any breach of tnis Mortgage or defa~h o~ tM part of the MORTGAGOR, or (b) in the eveM any of sa d s~ms of money
here~n referred to be not promp+ly and fu'~y F.a~d ~v~ih~~ th,~ry i3~ da;s nex• a-re. t!~e same severa ce:ome due and payab'e, w~t~out demand or not;cc.
o~ (c) in the event each and every the snpu;a~~ons, agreemenrs, co~d.'~ons and co.er.ants of sa d p+omisso~y note and th,s mortgage any or e~the~ are not
iuly, promptly and f~Ity pertormed, dschar~d, execured, effected. co:npleted, compi~ed with and ab~ded 4y, then in e~ther w any such event the sa~d ag~
~•egste sum meMeoned in said prom~ssory nore then re~neming un;~a~d, vrith ~nterest accr~ed, and a1i moneys secured hereby, shall become due and pay-
eb:e torihwith, or rhereafter, at the op!.on of soid h10~iGAGEE, as fv'+ly arw~! comp~eTe!y as if aI~ of the sa~d sums of money were or~grns:ly st~pwated
be pa:d o~ such dcy, anything m sa.d prom~ssory note o; m rhis Mo.tgage to ihe conrrary notwithstand~ng; anc! thereupon or thereafter a~ rhe opuon of
s~:d MORTGAGEE, w~thc~t not~ce or demand, suit at law or in eau:ty, theretore or thereafter begun, may be prosecuted as if all moneys secured hereby
n: d marured pnor to ~ts ins~~sut~on.
7_ That in the event ~het ar ti,e beginn~ng of or at any r~me pend~ng any suit upon thls Mo~tgage, or to ioreclou it, or to refarm it, or to enforce
~~ayment of any daims he~eunde~, sa~d MORTG~GEE sha:! app!y to the Co~~t ha~~~.g ~u~~sd~t!:on thereof for t!±e appo~ntment of a Receiver, su:h Court sha~l
ro-thw~rh appo~n~ a rece~ver of sa~d mortgagrd property a~, a~~d siny~iar, inct.~d ng a{I a~,d smquiar the income, profrts, iuues a~d reven~ea from whatever
s: ~rte derived, each and every oi wh:ch, rt be~ng express~y .,nde~srood ~s fereby morrgaged as ;f tpeo4~cal~y set forth and desu~bed in tt~e grannng and
~:+bend~m c~a~ses hereoi, and such Rece~ver sha~i have a!t the br~ad a^d efic~c•.+e f~r.ct.o:~s and powe~s in anywne entwated by a Cov~t to a Receiver, a~d
:.ch appoinfinent shar be neade by such Court as an ad~~~tTrd e~.:.ry and a~-a~ier of absoiute r~ght to said MORTGAGEE, and witho~t reference to the
a7eq.,acy or inadeq~acy of the vawe of ihe property mongdged o~ to the so Yr~cy o~ ~nso;vency of said MORiGAGOR oi the detendants, and iC~at such
•~~•~!s, proiits, inco,ne, iuues and revenues shall be apr:~ed ?y s~ch kecr~ver ac.ord~ng to tFx iien or equity of uid MORTGAGEE and the pracsice o( such
Court.
8. To du~y, prompt!y and ful!y pe~form, d~scharge, execu+e, eiiect, completa compiy w~th and abide by each and every the stipuiations, agreements,
:ond~tions aru3 covena~rs ~n sa~d promissory note and this m3rrgage set fo~rh.
9. That in the evem rhe ownersh~p of the mortgaged pre^,:ses, or any pa~t 1i~creof, bccomes vested in a person other than the MORTGAGOR, the
JRTGAGEE. its successO~s and ass~gns. may, w:rh~~t noe~ce to T'~e T.•,J~TG4pR, dea~ w~rh such successor or succeasor in interesf with referon:z to this
r,o•tgage and the debt hereby secu~ed ~n the same manner as vv~rh l.l~rtgago~ w~rhout in any way vit:ating o~ d~scharging the /~lorrgagors' lia6iiity here-
,,r~der or upo~ the drbt hereby se.wed. !HO sa.e of the F:rem.:ses h_reby mortgaged a~d no forbearante on the part of the IdORSGf~GEE or iis successors
ass~gns and no extens~on o` the t~me for the payme~t of the debt he•e~y sec~red given by the MORTGAGEE or its sutcessors or sasigna, .~all ope~are
~o re~ease, d~xharge, modify change or affect the or~g~nal i~ao.:.~y of the MORSGAGOR herein, either in whole o? in part.
~ 10. It is spec~f~caliy agreed That time is of the essence of th~s co~traa and that no waiver of any obfigatlon hereunder or of the obligation sr
~ cured hereby shat~ at any bme thereatser be he!d to be a wa~ver of tha terms hereof or of the instrument secured he~by.
; 11. in acid+~o~ +o tne foreqc:.g ^~o~+h'y ~~aym~r:i5 0' p~~^: pa' and i•~*rest requ~red by the p~om:ssery no!e secured hereby, mortga~or eovenants
~-:d agr~es ~o ~ay ro ~~o•rqagee ~n:th each mon+h:y F.a.~.~e~~t an a:iu nonai s~m esr ~ ~red 'by mo~rgagee to be eguai to 1 l2 of the annua! cost of the fo~iow-
~ '3 A-Ali rea~ property ta:es ~e:~ed o+ assess~d aga~~~st rh~ aoove drs:~i~ed :ca1 estate.
- B-Frerr.i~rns on f~re and v.•~ndsro-rn insu~ar~~.ce as i~e-e~n .~~q~, ~ed ro be carn~~d on the tm;:roveme~ts s:tvate on the above described premises.
~ C-Pre-nr~ms o~ wch mo-t~3ge guara^ty ~es~~*a~_ce as mo•r.;a~ee sha;! ~ru~* t me to tnr.e deem fit to carry on the loan sec~red hereby.
i Mw:gaqee sh~~! '.orn t~:ne ro r~me ~cs~fy me~r;a~r ~n w~:±,r.g of +ne a•-u~~f d~e and payab~e hereundrr and s~ch s~~n ahal~ thrrevpon be due and
:?vabie on the d~e oafe of ~he rext n-~onth l pay••~e~~r and eac' wccess~~e ^~o~th +±,ereafter ur.til mortgagee shatl notAy morrgagor of a change in such
^ount. Such sums sFa.i be a;.p.ied by mortgagrre to++~•d the pa•;~*:rn; of ren! prope~ty taxes, inwrante prem.ums, and mortgage g~aranTy insurance
3 • e rn wms.
~ N V~ITNESS 71HER~Of, the sa~d MARTG~GOR has hereu~io set his ha~ d and seal ihe day and year first resa' .
i ned, Sealed and de i the presence of_
rt ~ -
_ 8I1C0 O t1 ~~a~~
~ .
~ ` ~ ' (Seaq
~
~ _ - anita R olin ~~,q
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~ S~ATE OF fLORIDA ~
~ SL . L11C le T SS
COUhtTY Of 1
r:
Before me penonally appeared FraACO ROOOIlifO and
~
Juanita Roc~olino
kis wife, to me well known and known to me to be
e~ rhe individvais desuibed in and who executed the foregoing instrumem, and acknowledged before me that they executed the same for the purposes
' rherein expressed. And the said Juanita Rogolino
Ftanco Ro lino ~
?r wife Of the baid ~ ' uperra, s~paratP a~d privste
e.am~narion by me taken sepa•ate and apart from her said husband, acknowledged to end before me that she ezecutDd,si~ jratruw~eN,~roe(Y and votun-
rarily and w~thout any comp~fsEon, consnaint, apprehe o r fear of w fr~n her said husband. .1 ~ - :
WtTNE`S my hand and offic~al seal this___~- - day of Ce~er ~~.•yl."D: 19 71
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Nofary Pub!ic in snd fot ~e S~ t+~' P1o(~a H~~~e
My Comm~ss~on ex ~ ' pp~,~, STATEA F40RIDAat Wtt3E
Retu.n To:
_ 220 ~ Mr C0~1A~~REt EEPT. 25. 1975
First feder~l Savings 3 Loan Association 3 ~ ~ ~p=~t1tt l~
- Of Fv~r P.e:ce.
iorf V~crce. Fiur{~~ FIlEO AlID REC~ROEO
~ ST.lti:t:. .GiSN Y FLA.
_ RO~Ck FOITR~S
_ CIF~! C~~~U1T COURT
- This Instrument Prepared By John W. Collirls PECORC YEF.~FIED~~~ i(}/
First Federa~ Savings 8 Loan Association oE~' ~ 2 ss PH ~ 1' ~
_ of Fort Pierce ~ Flozida ~
Checked By
Bo~K 197 PAGE 2658
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