HomeMy WebLinkAbout0169 3. To place and continuously keep on tiu b~~'d~ngs ~o.v or he~eafter sit~ate on sa~d land and on e~i eq~~p~nen~ a^.d person~:+,: co.rred 'u~ th~s mor
ege, with al1 premivrns the~ron pa d,n f~U, l,re ins~~an:e ~n ~he ~sual standard po~icy form, in a eum aHpru.ed b~ tha Mvk .~-.v;:, a• ,n~•~cisto
;nnu~ance in the vsual standa~d po~.cy fo+m, en s ium appro.rd Gy the MORiG.4GfE, in such co~rpany or com,an,es as it~e A Uliv.~vEf m
d~rect; and all fire and w~ndstorm ins~~ance po!~c~et on any of sa+d bu~ld~ngs, sny interest there~n qr part ehr~eof, in ~he agg«gata s.,~n atcres3;d
in extes~ the~eof, shall co~!ain ~he usual sfa„dard mortgagre c~ause o~ suth othcr dause ~s the Mortgagae may req~•re. mal~~ng ~nr ,css undrr a~~d po
c~es, each and eve~y, payab!e to sald h1JRTGAGEE as ~rs intarrst may ap~xar, and each and every sucA pa~cy shalt be prompr~y ass g~n~d erd d..•.~.errtl
eny held by sa;d MORtGAGEE ss further security to sa~d mongage dzbt, and, n~t fess ?han ten (10) days in ad.3nce of tha exp~~a~~on o± eecn po ~c~, to d.
,.ver to sa~d MORTGAGEE a renewal the~eof, toge~her whh a rece~pt for the premwm of such renewa,; and th~re shall be no f;re oc ~sr„•~n i+ts~renc
p~aced o~ ~ny ot said b~i:'d~ngs, any interesr therem or part theieof, un'rss in ~he form a~d w~sh the ioss payat~e as aforeia~d; and +he e~e~t a•~y sun
of money becomes payabie under wch policy or pofcies said MORiGAGEE sh~11 have the opr,on to reta~.e and app:y the sa~ne on a;co„m oi tr.r mdec.ted
nrss secured hereby or ~o perm~t sa~d fNORTGAGORS to recrive a~d use it w a~y pa~t r?~N-eo~ for orn•~r pur:,~ses, ...~t:•,;r th .3 p•:,'
~~y any ~qu~?y, I;en or nght undrr or by v~rr~e of th~a mu^gagr; and in the event sa,d MOtTGAGORS shall fo~ any reason fail ro krep ~hE sa;d prem:s.~s so
~ni~rcd, or fail t0 de''~:v~~ ptOmptly dny Of S.tid ppLCie3 Of inwranCB 10 Sald MORTGAGEE, O~ fa~i promp!!y to pay fu~ly eny p:e ~m tnerrfor Or in a~~y
reepect (ail to pe~lorm, d~scha~ge, eaewte, effect, compterr, co~nply w~~h and ab~de by th~s covr~an~, o~ any part hareof, s=~~d MuRi~, :G~E n,ay p:acr a a
pay fo~ such insur.~nce or any part thereof w~rhaut waiving t-ir affec~ing any op~~on, lien, equ.ty, or r~gh~ ur,dr~ or by v~rtue of th;s hlo~rya~~, a~-d +ht
f~!1 amo~m of each and eve~y wch paymem shall be immed~ately due and peyab(e and shat! brar irt~rtsi from tha dete tnereof unrii pa~d at the rote o!
~~:~e pe~ centum per ann~~n and ro3ethar v,irh suth ~n:erest sha~~ be srwred by the litn of thi~ mortgage.
1o permit, commit or suffer no waste, impairment a deterioration of said property or any parl thereof.
5. To pay all and air+g~ia~ the coais, charges and expenses, Encludir~ a reasonab!e anorney's fee and cosq of ahstracts of ~~~le, incurred or pafd at
±~y t~me by sa~d MORiGAGEE, because or i~ the event of the fa~~we on rhe parr of rhe sa~d MOR?GAGOR to du:y, pro-npr~y and tv~Iy pe~iorm, d~scna.ge
>xecute, e4fect, canp~ete, comply wah a~d ab:de by each and eve+y ~he st~p~~ia~~ons, agreements, condihons, and covrr.ants ef so~d pro~nsac~~ nore a~.d t~,~s
,:orrgage any o~ e~~her, and sa.d costs, charges ar.d eapensea, each and every, shafl be immediately due and payab:e; v~herher o~ r.ot rhe~e be no+~ce d}
~~and, attem.pt ro colied w wit pend~ng; and tbe full amou~t of each and every wth paymeM shali bea. imeresf from ~he dare ~ha•eof until pa~d at ~f:e
-~e oj nine per crnwm prr a~i~~~.~r, a:w afi sald ccsts, char~es a:zd eapenses frxurred or paid, together weh such ~ntere:t, shall be sec.,~ed by the I,e~ 01 ~h.s
~~r ~yaya.
6. Thaf (a) in rhe event of any breacA of this 1Nortgage or defa~lt on ihe part of the MO~TGAGOR, or ;b) in the event any of sa d sums of money
herein rcferred to be oot promp!ly and fully paid wiihln rh.~ty t3J! days next areer the sa:ne severa:~y become due and payab!e, w~rhout demand or nonce.
er ic) in the eveot each and every the stip~Ianons, agreemems, cond~r~o~~s and covenanrs of sa d promesso~y nore and th,s mortgage a~y or erthzr are not
~uly, promptly and fully p~rformed, d:scharged, executed, effected, tompleted, compi~ed with and ab~ded ~y, then in e~ther or any such event the sa~d ag
gr ~ate sum mennoned in sa~d promisswy note the~ remaining unpa:d, with interest accr~ecj, and a? moneys secured hereby, shat! become due and pa~-
ao e forthwith, or thereafter, at the opt~on of said MORiGAGEE, as fuity and comp!etely as if ~ali of the s~+d s~ms of money we~e or,g~na~:y st.pu.ate~+
fo be pa~d on such day, anything in sa.d pre:n~aso~y not•, or in lhfs Mort~age to ~+e cororary notw;thstand~~,g; a~d thereupon or ~hereafter ae fhe opT~on of
s~.d MORiGAGEE, w~~hout nonce or demand, su~t at lew or in cquity, therefore or thereafrer begon, m~y be~prpselbled af if ad rtioneys secw~d hereby
c_d maturcd pr~w 10 ~ts institut~on. s; , h
r •
7. That i~ the event that at ~he beginn~ng of w at any time pend~~9 any su~t vpon thls Nlytgagel'q~~O~nl~,l~{~"i~gr~~alrn to enforce
payment of any ciaims hereunder, said MORTGAGEE sfiaif appiy to thr Court hav~r.g ~u.~sd~~r.o~ ti~oof for JI»~ppeiw?rw~M pf~a Qe~wq~ , sych ~ou~~ sho11
r„r,hw;rh appo:nl a receiver of said mongaged property alt and singvlar, ~n.lud ng aN and s~ngu~ar Ihe~1n'tome, prot~ts, issues and rtVenQes ~rom wh;tever
sc~•ce derived, each and every of wh:ch, it be~ng expressly understood, ~s he~eby morrgaged as if spec:f~~a~iy set forth and descr~bed in the g~anr,~,9 and
t~.a~endum ctauses hercwf, and such Receiver shaN have al! rhe brpad and effec~~ve fu~~ce,ons ar.d po.tiers in anywise emrusred by a Cou~t ro a Recr~ver, a;d
s_cn appointment shalt ~ made by such Co~rt as an ad:n~tte~ equ~ty and a matte~ of absolute r~ght to sa~d MORTGAGEE, and w~nc~ut re!erence to ~he
ad_quaq w inadequaty of the vatue of 1he property mo~rgaged or to the so.vrncy or ~nso,vency o~ sa+d h10RiGAGOR o~ the defenda~u, a~d fhat wch
re•,rs, profits, incane, issues and revenues sha? be appi~ed by such Rece~ver accord:r.g to ihe Gen or equity of said MORiGAGEE and tne pract~ce of wch
Court.
8. To duly, promptly and (ully perfo~m, discharge, execute, etfect, complete, compty w~th and abide by each and every the sf~pu;ations, agreerr.enrs,
cer,dit;ons and coven~nrs ~n sa~d prom~ssory note and th~s mcrtgage aet forrh.
9. That in the event the ownersh~p of the mortgaged prem~ses, or any part thereof, 6ecomes vested in a person o~her than ~he MORTGAGOR, the
h•.~RTGAGEE, its auccessws and assigns, may, w~shovt nonce to the \SORTGAOR, deal w~~h such successor or wccesso~ in lnterest w;rt~ reference ro this
~~~o rgage and the deb~ hereby secwed in the same manner as w~th Mortgagor wnhaut in any way vit:a~inq or dacharging the Mc:rgagors' liab~~~ty herr
v:der er upon the deb~ hereby secured. No sa!e of ihe prem~ses hereby mortgaged and no forbearan~e on the pan o) the A10RTGAGEE or its wccessers
or ass~gns and no extens~on of rhe t;me for the payment of the debr he~eby secured g+ven by rhe MORT(',AGFf o~ i~s successors or ass:gns, aiiaU operate
~o release, d~scharge, mocl~fy ~hange or affect the orig~nal Iian:I~ty of the MORTGAGOR here~~, eifher in whofe or in part. ~
10. It is speufically agreed that time is of the esse~ce of this contract ar.d that no waiver of any obl;gat~on hereunder or of the ob!igat~on se-
c~red hereby shaU at any time thereafter (x held to be a waiver of the terma hereof or of the instrument secu~ed herby.
I t. tn add:t;o:e so the ~orego ng monrh!y payrn~nrs of princ'pa! and inreres} requ~~ed by the qom ssory nore s.cured herz~ f, mo:tg33or covenants
d agrees to ~ay to mo-tgagee ~nith each momh:y payr.:ent an add,~cona~ sum esf ~~ared br mortgagee to be equai to 1 12 of ihr a~~~~val :osr of the foliov.-
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A-All rEal property taxts levia~ or asszssed a^yai~~st th_ above desc~ibed rea~ estate.
B-Pren;wms on f~re and wir~dstonn ins~rar~e as ne~ein ~~•qu:rrd to be ca~ried cn the imYrovements s:t~ate on thc dbOV@ d;SO~D°d prem~ses.
C-Premi~ms on such mort~~ge guaranty ir.sura~:ce as mortgagee shafi 'rcm t r..e to tune deem fit ro carry on the loan se:~red hereot.
Mortgagee sha l f•om nme to nme ~ctif~~ morigogor ~n w~~tmg of the a~~-oo~t dv> and payabte hereundrr and such su-n sha,l in~•~eupon be due anJ
; 3;able on the due oate of rhe next month:y pay~enr and each success+ve mo~+h thereaft~r ur.til mengagee sha!1 notlfy mo:tga~er of a change in such
; ount. $~ch s~ms sFa.i be app~ied by mortgagee toward the paymertt oF rea! property taxes, insurance prem:~ms, a:~d mortgage gua•anty insurance
.:-emiums.
! IIV WlTkf$S WHERiOF, rhe said MORTGAGOR has hereuroo set his har.d and seal the day and year filSlaforesaid.
; Signed, Sealed and delivered in the presence o~:
f - ~ Seal)
o n ior a o
' ~ ' (Seal)
- . f)
t - Patricia A Giosdano t~a~~
; STATE OF FIORIDA ~
~ COUtJtY OF St . L.ti1Clt' ~ ~
8efore me personally appeared John F. Giordano a~
` _ P8t11C1a CilOIddAO his wife, to me well know~ and k~ow~ to me to be
t ~he individuats described in and who exec~ted the foregoing instrument, snd acknowledged before me that they eaecutrd the same fo? tF~e p~rposes
~ ~here~n expresud. Md the said Pat~icia a. CiIOIdSIIO
.Y~re of the sa~d _ - JAhl1 F *lol'ddnA upon a '~tj~,~s
= e.am~nat~on by me takzn separa~e and apart from her sa~d husband, ecknowledged to and before me that she executed said ir~r~~••~
rar~Iy and w~thout any compulsion, const~aim, apprehena,o~n~, w fear of w from her said husband. : v«-
' WITNESS my hand and o(ficial stal this_ day of ~
; V
_ _ , i~ `1~~
_ Notsry Public in and (w fhe State ot f~g~3l~ ~C~'
My Comm~uion cxpires: L ~ 4'.r ; G' ~
; Return 10: ~ C! ~ : J+~ l. `s _
2 Fint F c d e r a l S a v i ng s 3 i o a n A s s o c: a t; o n , t~~ 4`, ~
o~ co~r vf;.e. ~_Sr~T.'-•C~
: Fort p~rrce. f{cr~da .
F~~EO a~c ~EC~aoEO ~ . . .
- ST.IUC t CO~yFY fl~• ~
RO~t~ i~AS
C~E&R . _,i ~OUaT Y11[
= This Instrument Prepared By J. H. Robezts~ JY. pF~no^'1~?~" _'•--r-~"'
" First Federal Savings 8~ Loan Association 77
_ of Fort Pier:e ~ Flot' ida ~ t{~ q 3~ PH ~ t`
Checked By _ ~`,~c~~
- gooK~yg o~~F
' 115
_ _ ~ -