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Home My WebLink About1996 ~ c , ;~ti~i~ , , . 9. To place and cominua,aly keep on ?he b+,~'d~ngs now o~ he~eaf~er situal~ on sa~d I~nd and on •II equipment and persona~ly cove~ed by this mM ~y~, with •II premium~ thereon w~d in lull, fire insur~nce in the usu~l st~~~derd po~~cy form, in • t~m •pp~oved by ~he MORfG~GEE, and wind~to insurant~ i~ th~ utiual ~tandard pol~cy 1o~m, in a s~m approved by th~ M1pRTGAGEE, i~ ~uch tanpany or compani~~ ~s the MORTGAGEE m d'uect; a~d ~U tir~ a~d w~nditorm insuf~ncs po~~c~ea on ~nY of se~d buitd~nqs, ~ny interest therein or p~r~ the~col, in the •99rey~~t ~um aforesaid in ~xcess thereaf, shall contain th~ usual stsndard mortpaye~ cl~use or such oiher clauss ~t the Mo«aaqee may requ~rs, m~Airq ~he io~s under sa~d po c;es, e+ch and evHy, payable to uid MORiGAGEE ~s ~ts interes~ may ~ppea~, ~nd each and ~very such po~~cy shaN be promptly gned and det~vered ~ any h~ld by sa~d MORiGAGEE aa turther security ~o said mwtpay~ debt, and, not lea ~han ttn (101 d~yi in adwnce of the eap~r~~~on o1 e~ch poi~cy, to d. Gve~ ~o ~aid MORTGAGEE a r~newal thereof, tope~he~ with • rece~pt ior tM prtmium of such renewal; and thera ~hall be ~o iue or w~ndi~onn i~surarx plac~d on +ny of u~d build~rys, any interest ~hme~n a par~ thereof, unleas io the fo.m •nd wiih the loss payable as afore~aid; and in the e~ent any sun of monty becomes p~y+bl~ vode~ such ~olicy o~ po~~cie~ said MORTGAGEE shsll have the o~,t~on to rece~ve and epply ihe ~me on acco~~~t ol the indebted neu ~ecv~ed I+aeby or ro permii ~sid MORTGAGORS 10 ?eceive and uss i1 or any part ~hercoi for o:hrr purposes, .v~~ho.rt rh~..u~ .v~~~~*~ c~ ~~~~Pa~~ ;ng any pv~ty, I~en o~ righ~ uoder w by virtw of thii mo::qa9s; ~nd in ~M ~vem sa~d MORTGAGORS ~hall fw any reason ia~l to keep the sa~d prem~ses so ~ insured, w(ail to de~ive~ promplly +ny of uid poficies ot insurance to ssid MORiGAGEE, o~ fail p:ompfly to pay fully any p•em~um therefw o~ in +~Y rotpett (ail b pe~~otm, disthuye, txecute, •ffect, comp~ete, comply with and ab~de by th~s cove~ant, or ~ny pait hareoi, taid MGRTvAGEE may p~ate ano pay fa such insurance or +ny p+rt thercof wi~hout waiving w+lfectin~ any op~~on, tien, equ~ty, or righ~ under a by virtue oF ~h~s M.ortgage, and tAe t~ll amount of each and every ~uch paymem shall b~ ~mmediately dw and p~yable ~nd sha11 bear inte~est from ths date lhereoi un~il pa~d at the rate of ~~r~e per cenrum per ennum and to~ether with such i~teresr sha~~ be secured by the liee ot this margege• 1. To permit, commit w wf(er no waste, impairme~t or deteraratio~ of sa~d property w any ps~t thereof, 5. To pay aN a~d :ingular the cos~s, charges ~nd eYpenus, includ~ng s reasonable atto.ney's fee and costs of abstracts of t~tle, incur.ed or pa~d et ar,y time by said MORIGAGEE, because a in the event of tha iailure on the part of tM said MORTGAGOR to duly, promptly and fuily perlorm, d~uharge. >xecute, effec~, comple~s, comply w~th ar+d ab:de by sach ~nd evcry the s~ipula~~o~a, agreements, condit~ons, and covenents oi sa~d pro~n;~so~y note and ~h~i mongage any w c~iher, a~d u~d costs, cha~ges and eapenus, each and every, shall be immrd~~tety due and payabt~; whefher a not rhere be no~~ce do- mand, attempt to collecl or suit pe~~ng; and the full amount of each and evcry auch payment shall bea. inrerest from ~he date the~eof un~iV paid at the r.,re of n:ne Ex~ cenwm per annum; anr2 all said costs, chaiges and expenses incurred a paid, together w~th such imerast, fhall be secured by the lien of this mortyage. 6. That (s) in the ave~t of any b~each o( this Mwtyage or defauSt on the part of the MORTGAGOR, w(b) in the event any of sa:d sums oi mo~ey herein ~eEerred to be not promp~ly and lully paid wifhin thuty (30) days next after the same severatly become due and payable, witRout demand w netice, o. (y in the event each and every the :riputatans, agreements, condnions and covenams of sa~d prom~ssory note and th~s mortgage any or e~iher are no1 i.,ty, promptly and fully pe.fwmed, d:schargrl, executed, effected. completrd. compl~ed w~th and ab~ded 5y, then in elther w ~ny such event the sa~d ag gregate sum mentioned in said promisswy no:e then remaining unpaid, w~rh insereaf accrued, and alI moneys secured hereby, shall become due and pay- able forthwith, or thereafter, at the opr~on of iaid MORTGAGEE, as fully and completely as if sll o~ the sa~d sums of mo~ey were a~ginally ~t~puiated ~o be pa:d on such d.:y, anything in sa:d prom~sswy note or in ~h~s Mortgage to the co~rrary no~wi~hstar.d~ng; and Ihereupon or thereafte~ at the op~~on of sa~d MORTGAGEE, w~?hout nor~ce w demand, suit at law o~ in equity, therefae w there~f~er ba9un, may be prwecuted a~ if s11 moneyt secured hareby nad maturcd pnw to us inatitut~on. . - Y i 7. That in the event that at the beginntng o( or at any time pe~+ding any su~t upon thts Mortgage, or to fqre~lQM it, o~'to reform it, or to enforce payment of sny claims hereunder, said MOATGAGcE shall apply to the Court having ~u~isd~ction thereof iod 1h~ ~ppo~n~t!L'~jnt ,of a Rec~iver, iuch Court shall forthwith appoint a reteiver of taid mortgaged property all and singular, includ~ng aU and s~ngular the income, p~dMts,'~ffueY ~nd teven~es (rom whatever source derived, each and every of whrch, it being expressly understood, is hereby mo.tgaged as if speufically se1 iu~h and dexribed in the granhng and habcndum cisuses hereof, and such Receive~ shall have all the b~oad and effecrire funct~ens arxl powers in anyw~se enhusted by a Cou~l to a Receiver, and •~ch appointment shalt be made by svch Cour~ as an admitted equity and a maner of absotu~e right to said MORTGAGEE, and without reference to the edequaty a inadeq~aty of the vatue oi the property mwtgaged or to the soive~cy or inso~vency o( said MORTGAGOR a the defendams, and that such ~ renis, proiits, incane, issues ~nd revenues shall be applied by such Receiver accord~ng io fhe lien or equity of said MORTGAGEE and the practice of such ~ Court. 8. To duly, promptly and fully pe~form, dixharge, execute, eifecf, co.~++plefe, compty with and abide by each a~d eve?y the stipulstion~, agreements, conditans and covenants in ~a~d promissory note and this mortgage set tortn. 9. That in the even! the ownership of the mo:tgaged premises, or any part thereof, becomcs vested in a person other fhan the MORTGAGOR, the . 1".ORTGAGEE, its successws and assigns, msy, wi~hout notice to the MORiGAOR, deal w~th such succeuo~ w successor in ~nteresf with refere~ce to thii mortgage and the deot hcreby secur~d in the same manne~ as w~~h Nb~rgagor w;thout in any way vitiating or d~xharging 11~e Mortgagori liability herr ur.der w upon ~I~e de6t hereby securcd. No sale oF the Fremixa hereby rtwr~gsged and no forbearance on the par~ of the MOR1GAGfE or its successors or ess~gns and no extensicn of ehe time iw the payment ot the debt hereby secured given by the MORTGAGEE o+ its sutcessors w ass:gns, s~~all operate !o releau, d~xharge, modify than9e or affect the orig~nal liab~lity of the 4lORTGAGOR herein, either in whole w in part. 10. It is spec~fically agreed that time is of the esurce of this conrcact snd that no waiver of any obligation hereunder w of the obligaYan ie- cured hereby shall ar any time thereafter be held to be a waiver of the terms hereol or oi tlx instrument secured herby. ` 11. In add +~o~ to the foregobg moneh!y paymems of princ pat and inTerest requ~red by the prom~ssory nere secured he~eby, moriga~or covenants ~~d agrees to pay ro mortgagee vvith each mor:~hly payrnent an add~~ional sum est~mated 6y mortgagee to be equal to 1;'12 of the annual cost of the fo~low- ~ :ng: ~ A-All real property taxrs levied or assessed againsf the above des:ribed real esrate. E B-Prem.~u~ns on fire and windstorm insurarce as nerein requ:~ed to be ca~r~ed on the improveme:tts sit~ate on the above d:scribed premises. ~ G-Prem~ums on such mortgage guaranty ir.surance as mortgagee shall from t~me to time deem tit to carry o~ the loan sewred hereby. ~ Mortgagee sfia~l from time to time notify mortgagor in writing of the amou~t due and paynble here~nder and tuch sum shafl thrreupon be due and ~.ayable on the d~e date of ihe ~e~t month!y payment and each success~ve monfh thereai~er ur.til mortgagee shall noti(y mortgagor of a change in such ! a•~:ount. Such wms sF~ail tx applied by mwtgagee toward the payment of rea~ property taxes, i rance prem:ums, and mortgage guaraMy insurance ~ p~emiums. . ~ IN WITNESS YlNEREOF, the said MORTGAGOR has hereunto set his hand and seal the d y year fir esaid. ~ ~~5~ ned,•Sealed and del' ed in he presence of: % Seal) ~ _ Joe rreno ~~~q ~ L' ~ ~ ~ ~t1C ~+~Ql~ {Seal) ~ Gloria M. Carreno ~~aq ~ STATE OF FtORIDA St . UiCi@ ~ SS. COUNTY OF ~ before me persona~ty appeared JOe Carreno ~ Gloria M. Cazreno his wife, to me well k~own and known to me to be ~ the individwls described in and who exetWed the foreyoing initrument, and acknowledged before me that they executed the same for the purposes Glor ia M. Carzeno ~ therein expressed. And the ~aid ' w~fe of the said - `Jce ~!1 en~ , upon • separate end priwt~ e~am~nation by me taken separate ~nd apart from her said husband, acknowledged to and befwe me that she executed ~a~d instrumeM freely and volvo- ~ ran{y and w~lhout any compuban, constrsint, apprehension, ~fear of w from her said husband. WITNESS my hand and offiusl ual thls_ ~ y~~~ day of bzuary A. D. 19 72 ' - Not~ry Pub in ~nd for th S~ate of Fbrida at lar~e j My Comm an eaFires: a~ Ret~rn To: ~ _ Firtt Federal Saving~ 3 loan Associat~on hiOTARY PUBLfC STATE OF FLORIOA AT LAR(~L~ Of Fort P:erce. MY COtA:'AISSION EXPIRES AU(3. 6, 197~ Fort P~e~ce, Flor~da " ~L INSURJINCE UNDERYYRITER$~ ~=_t . . . " c " This Instrument Pre ared B John W. Collins • fIlE0AND1lECOR~E~ ; p y _ iT. ~UCIE COUNTY l ~ `°-3 f i r s t F e d e r a l S a v i n g s b l oan Association • ROCER ?O~T~AS of Fort Pierce lorida CIERK Ct~CUtT COUII ' 1( ~ IIECORD VER~~1E0 ; ~ Checked BY - ` ~ 1~1 ~0 iZ ~ ~~Z ~ ~ BOOI(~J9 PACE19 ~ , ~~8~ _ _ _ - - - - ~ . _ _