The URL can be used to link to this page

Home My WebLink About1240 3. To place and conYnuously kccp on the bu~'d~ngs now a hereafter ~;~~ate on sa~d ~and and on all eq~~p~nero and personaliy cove+ed by this mor egs, with all premicros Ihereon pa~d in tuU, f~re insurance in the utusl uandard po~icy fotm, i~ a sum approved by the MOR~vAGEE, and w~ndsro insura~te in the uiual standaid pol.cy form, in a sum appro~rd by ~he MORTGAGEE, in Suth company or to+npanics at the M021GAGEE m dircct; and all (i~e and w~nJ~rorm insuronce poGcias on any of said build~ngs, any interest the~ein or parl thereof, in Ihe a99regate svm afaesa~d in exce~s thereo(, shall cw+tain the usual sta~~dard mwrgagee clause a iuch o~he~ clause as the Mor~gagee may require, mak~ng the loss ~~~der sa~d po cief, each and every, payab~e ~o said MORTGAGEE as rts intcrest ma~ appear, and rach and every such poi~cy shal~ be promptiy aas gned and de,~vcred l any held by said MORTGAGEE as Funhrr security w sald mortgage debt, and, oot less than ten (10) days in advance oi the expirat~o~ of each pol~cy, ta d. I~ve~ to seid MORTGAGEE a renewal ihereof, toye~her wiih a rece~pt for the pra~nlum ot such renewa~; and therc shall be no f~re o~ windsroun inwranc placed on •ny of sa~d buitd~ngs, any i~rerest there~n w pail ~hereof, un!ess in ~he form and with the loss payabte as aforesaid; and in the event any sun of mooey bccomes payable under such poGCy o~ pot~cies said MORTGAGEE shall have the opt~on to recr~~e and app!y the ea~ne on accou:~~ of ~he i~~dahtrd ness secwed he~eby a to perm~f aaid MORTGAGORS ro receive and use it a any pa~t t~e:eof 1or otRer pwF~uses, .•.~~ho.,t ~h_~r, u~ .v~~~~ ~3 or ing any equity, lien or rigM uoder w by virtue of this mo:~gage; and in 1F?e evem ta~d MORTGAGORS ahall for any reason fail to keep ihe sa~d p~em~ses so insured, or fail to de~ive~ promp~ly any of said poGdes of insurance to sa~d MORiGAGEE, or fai; promptly to pay fully any prr~»~um thcrcfor o~ in a~y respect fail to perform, d~scha.ge, execute, ef(ect, complete, tomply with and ab~de by this covenant, w any part hereof, s~~d MGRTvAGEE may pldte a~d pay fw such imurance or any pa.t ~hereof wiihout waiving or ~flec~ing any op~~on, Iien, equ~ty, or n~h~ under w by v~rtue of rh~s Morfgage, and the 1u11 a~nount of each and every such payment shall be ~mmediately due and payable and shefl bear ;nterzst from the date thereof uniil p~~d ai the ~ate ot nme per centum per annum and to~rther w~Jh suth inte~eat shali be secured by the lien o( ihis mottgage. 1. To permit, commit ot suf(er no waste, impairment w deter'a~ation of aaid property w any part thereof. S. To pay all and singular the costs, charges and expenxs, including a reasonable attaney's fee and costs of sbstracts of title, incurred o~ paid at any time by w~d MORTGAGEE, becauu or in the event of the failure on the part ol the said MORTGAGOR to duly, promptly arx! fv~~y pe~torm, d~sche~ge. execute, efFect, comptete, comply wnh and ab:de by exh and every the sfipula~~ons, agreemenn, cond~t~ons, and covenan?s oi sald prom~ssory note a~d ~his n,ortgage any or either, and sa:d cosn, charges and eapenses, each and every, shall be immed~ately due and payabte; whether w not there be not~ce d> mand, attempt to collect w svit pend~ng; and the full amount of each and every such payment shall bear inrerest from the date thereol until paid at the r.,re o~ rnne per centum per am~u:n; and ~fl sa~d cos~s, charges end expenses ~ncurred o~ paid, toge~her w~th such imere», tfiall be secured by the Gen of th~s mwt~age. 6. Thst (a) in the event of any breach of this Mwtgage or default on the part of the MORTGAGOR, w(b) in tFx event any of aa~d sums of money he~ein referred to be not promptly and fuily paid within thuty t30) days neat after the same severatly become due and payable, without demand or natice, or (c) in the event each and every the st~pulaHoos, agreements, cond~f:ons and covenants of sa.d p~omissory note and ih~s mortgage any o? e~~her are not iuly, promptly and futly pe~fwmed, d~uharged, executed, eifectcd, completed, compl:ed with and ab~ded Sy, then in e~~Fxr a any such event the sa~d eg gregate sum mentioned in said promisswy note then remaining unpaid, with interest accfued, and all moneys secured hereby, shall become due and pay- able fo~thwith, w rhereafier, at fhe opt~on of sa~d MORTGAGEE, as fully and comple~ely as ii all of the sa~d sums of money were or~g~na~ly st~pu~ated !o be paid on such day, anythiog in sa:d prom~sswy note or in fhis Mortgage to the contrary notwi~hstanding; and thereupon o? thereafter a~ the opr~on of sa;d MORiGAGEE, without norice or demand, suit at law o~ in equity, therefore or thereaiter begun, may be prosecuted as if s11 moneys secured hereby nad maturcd pnor to ~ts ins~itution. 7. That in the event that at the beginning of or at any time pending any suit upon this Mortga~e, a fo forcclose if, or to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shatl apply to the Cour~ having ~urisd:cf~on thereof fw the appomtmenl of a Receiver, such Court shall forthwith appoint a receiver of said mortgagrd property all and singular, includ~ng alt and s~nguiar the income, proi~ts, issues and revenues from whatever source derived, each and every of whrch, it being expressly understood, is F.ereby mort9aged as if speufically set forth and describad in the g~anring and h3bendum clausrs hereof, and such Receiver shall have all the b.oad artd effective funct,ons and powers in a~yw~se entrusted by a Court to a Receiver, and s.,ch appointment shall be made by such Court as an admitted equity a~d a matter of absol~te r~ght to said MORTGAGEE, and w~thout reference to the ad=quaty a inadequacy of the value of the property mortgaged or to the so:vency or ~nsotvency of said MORiGAGOR o~ the defe~~dants, a~d that such renrs, profits, incane, issues and revenues shaU be applied by such Receiver accord~ng to the lien w equity of said MORTGAGEE and the prachce of such Court. • 6. To duly, promptly and fully perform, discharge, execure, effect, complete, comply w~th and abide by each and every the stipuiations, ag~eements. condiYans and covenants in sa~d promissory ~ote and this mortgage set fwth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, thr A'.pRTGAGEE, its successws and assigns, may, without notice to the MORTGAOR, deal with svch successor d wccessor in interest with reference to this ~o~tgage and the deb~ hereby secured in the same manner as wi~h ~dortgagor withoW in aoy way vit;ating or d~uharging the Mortgagors' liabiiity here- under or upon rhe debt hereby secured. No sa!e of the Fremises hereby mortga9ed and no forbearan~e on ~he part of the /AORTGAGEE or its s~ccessors or assigns and no extens~on of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its successors or ass~gns, a1sa11 operate ro release, dacharge, modify change a affetl the orig~nal Iiau;Gty of the MORTGAGOR herein, eithe? in whole or in part .10. It is speufically agreed that time is of the essence of this contract and that no waiver oi any obligat~on hereunder w of Ifie obligation sN cured hereby sha~l at any time thereafter be held to be a waiver of the terms hereof or of the instwmeN secured herby. 11. In add~tion to the lorego'ng monthly paym~nts of princ'pal and interest required by the prom~swry no!P s.wred hereb~, mortga~or covenants ~~d agr~es to pay ro mortgagee wilh each mo~!hiy F;ar~nent an add~ronal sum estn:ared by mortgagee to be equai to 1;' 12 of the annual cost of the follow- ~ n3: A-All rea~ property taxes lei~ed w assessed aqai~sr the above described real estate. B-Prem~ums on fire and windsto±m insurar,ce as here~n requ~red to be ca~ried en the ;mproveme~ts s~tuate on the above d~scr~bed premises. } C-Premiums on such mortgage guaranty insurar:ce as morrgagee shail from Yme to time deem fit to carry or, the loan secured hereby. Mortgagee shail from time to t~me notify mo.tgagor ~n wr;ting of the amou~t dve and payable hereundar and such s~m shall thereupon be due and i ; 3;able on the due oare of the next month:y payment and each s~ccessive mo~th thereafrer ur.til mortgagee shall not~fy mortgagor of a change in such ount. Such sums shaU be app!ied by mortgagee toward the payment of real property taxes, insurance prem:ums, m~d mortgage guaranty inwra~ce ; ' ;,~emiums. ' IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year firat aforesaid. ~ ` S~g~ed, Seated a.~d detivered in the prexnte of: ~ L~ C.~t.~ ~ (Seal) = Louis AtaloCChi ~~a~~ ~ ~~.1~ 1 _ 2v C e YL-t~- (Seal) ` LuCy M OCChi ~~a~~ ~ ST:.TE OF FLORIDA ~ t ~ ~ COUNTY OF St , Lucie ; ta ~ Befwe me personally appeared I.OU 1 S Harocchi a~ = Lucy MaYOCChi 9 his wife, to me we~l known and known fo me fo be ~ rhe individuals described 'en and who executed the foregoing instrument, and acknowledged before me that they e:ecuted the same for the purposes q Luc Marocchi rharein expressed. And the said- y ~ ,N~fe of the sa~d ~u15 MdIOCChl upon s separafe a~d privste 4 eaaminatan by me taken separate and apart from her said husband, acknowledged to and before me that she exetuted said instrument free{y and volun- w ra~~ly and without any compuisan, constraint, apprehensio~fea~ of o~ fram her said husband. " WITNE55 my hand and offic~al seal this day of ~r h A. D. 19 72 3 e Y - Notary Public in and fw t ate f Florida at Larqe ` My Commission expires. f ' , Return To: Firtt Feder~l Savings S Loan Assxiat~on ~ ,i ' ~ . - Of Fort P:erce. Fort P~zrce. Florida FILE~ AN COttMTY F~u• I _ ~ - sT_ LUC~~ • ' ' - ; Rp~f~ rJ~TAAS , ; ~ Clft1K C~ •CUIT COUII = ` : , ~ RECOP.D Yf~+F?ED _ - _ _ This Instrument Prepared By Richard K. Kayes yu~ 1 ~ First Federal Savings & loan Association ~ t3 3 i2, n~` ~='~f-.~' - ~ of Fort Pierce , F lor ida _ . - Checked By~ ~3 " 1 _~'J ~ ~ ~ _ . . - ~ , ~ }y T ' fi'. " - % r '°~~'~se.'~``.`W.~ _,.~s~__ ..~K__.. , . _ ~ ,