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Home My WebLink About1690 To place and coneinuously keep on ~he bui:dings now o~ F~ereafrer ~~tuete o~ sa~d land and on alt equip~r.ent and personalty covered by this ma age, w~th all prem~~ms thereon Fa d in fuil, l~re i~~iurance ~n the ~wat sta~,-ia+d po~+cy fo~m, in a sum aFp~o~ed by the MORiGAGEE, and winds~o :nsurance in the usval s~andord po:.ty fo~~n, in a sum apptoved by tha MORTGAGEE, in such co~n;~any or companies as the MORTGAGEE m d~rech and all fire and w~nJstorm insuran pol~c~e~ on any of aa~d buiid~ngs, any in?erest therein or part thrreoi, in ~he aggregate tum aforesaid in exteu Ihereof, ~hall contain the uwal stan~ard marg~gae ciause or suth aher clausr as the Mortgagee may requ~re, ma?ing the loas under sa~d po ues, ea<h and every, payabie to said h10RTGAGE= as ~~s ~nteres~ may appear, and each and eve~y such pohty shall be promp~ly ass g~ed a~d delivered ~ eny held by uid MORfGAGEE as (ureher security to said mortgage debt, and, not less than ten (10) days in advance of the exp~~ation ol each policy, to d~ I~Yer ~o uid MORiGAGEE a~enewal ~hereoF, ~oge~ha~ wiih a reca~pt fx the pr~m;um oi such renewal; and there st,all be no f~re or wmdstonn insuranc placed on any of said buildings, any inte~est therein w par~ ihcreof, ur.Iess in the form and w~~h the ioss payable as afo~esaid; and in the event any sun of money becomes payable under such poticy a po~~cies said MOR~GAGEE shall have the opt~on ro receh~e ~nd appiy 1he ume on accoum of the indabted ness secured hereby w to permit said MORTGAGORS to rece~ve and use it w any pa~r the:eof for o;i~rr pu~~~oses, ti•~:~ho~t th~•rur .vai~i.~3 0~ ~mp~i~ ing any equity, lien a righl unde? or by virtue of this mo:!gaye; and in the avenl sa~d M0~2TGAGORS shall for any reason fail to keep the sa~d premisas so msured, w fail ro deliver p~omptly any of said po~~c:es of insurance to sa~d MOR/GAGEE, or fail promptly to pay fuily any premi~m ihereior or in any - respect fail to perfwm, dlscharge, e:ecute, eifeu, complete, co:nply wi~h and ablde by thts coven~nt, w any par~ hrreof, sa~d MORTGAGEE may place a~~d pay fw such inevrance or any part thereof w~rhoul waivi~g or affecting any option, lien, equ~ty, or right under w 6y virtue of this Mortgage, and the f~tl amounT of each and every such payment shatl be immediately dua and payable and shall bear interest from the dato thereof uroil paid a~ the rate o1 n~ne pe? ceotum per a~num and to~rther with such infr<<si shaG be sacured by the lien o( this mortgage. 1. To permit, commit o~ sui(er no waste, impairment a drter+oration of said property o? any part Ihereof. i S. To pay all and singulsr the costs, c.`~arges and eapenses, including a reasonable at~orney's fee and costs of abs!racts of title, incurred or paid s1 ; any time by said MORTGAG:E, because or in the cvent of Ihe failure on the pan of ~he said MORTGAGOR to duly, promptly and fully per(orm, d~xha~ge, i execute, efiect, comptete, comply w~th and ab:de by each and every the stipulat~ons, agreements, ca~ditions, and covenanrs of sa~d promissory note and thi~ mortgage any w either, and sa~d costs, charges and e~pertses, each and every, shall be immediately due and payable; whether or not there be notice de mand, anempt to collect or suit pend;ng; and the futl a~nount of each and every :uch payment shall bea+ inferesf from the date thereof until paid af the i r.~re o! nfne per cenrum pcr amzurn; anc alI said costs, char3es and expenses inturred a paid, together w~~h such interest, shall be secured by the lien of this ~ . 3 TOf~9M~l. , 6. That (a) in the eveM of any breach of this Mortgage or default on the parr of the ~~10RTGAGOR, or (b) in the event sny of sa,d sums of money ~ herein referred to be not pranptly and iu11y paid within th~rty {30? days next aiter the same severa'ly become due and payable, without demand or notice. er (c) in the evem each and every the stipu~at:ona, agreements, cond~!ions and covenants of sa:d promissory note and th:s mortgage any or eithe~ are not ; i~ly, prompdy and iully performed, d;scharged, executed. eifeued, complete~, compl~ed with and a6lded by, then in e~+her or any such event the said ag gregate sum mentioned in said promisso~y nore then re~naining unpaid, wirh interest accrued, and ail moneys secured hereby, shall become due and pay- ; ab:e forthwith, or thereaiter, at the option of said MQRTGAGEE, as fuity and completely as ii all of the said s~ms of money were originally stiputated to be pa:d on such day, anything in sa:d prom~ssory note or in this Mortgage to the contrary notwithstand~ng; and thereupon w thereafter at the option of s.~.~ MORTGAGEE, without notice or demand, suit at lew w in equity, thereiore or thereafter begun, may be prosecuted as if all moneys secvred Aereby r._d matured pnw to its ins~itution. •.'r 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, o~ to fore<lose it, or to reform it, or to enforte payment of any claims hereunder, said MORTG~4GEE shall apply to the Court havi~:g ~urisd:ct~o~ thereof fo~ the appointmenl of a Receiver, such Court shail Fo~rhwith appoint a receiver o( said mortgagcd property atl and singular, inctud~ng ail and singular ~he income, proiits, iuues and revenues irom wha~ever source derived, each and every of wh~ch, it being expressly unders~ocd, is hereby morrgaged as if speufically set forth and dewibed in the granting a~d habendum ctauses hereof, and such Receiver shall have all the broad and effecnve funct:ons a~d powers Irt an~Ywise entrusted by a Court to a Receiver, and . s_ch appointmeet shall be made by such Court as an admitted rquity and a ma~ter of absolute •~ght to said MORTGAGEE, a~d without reference lo the ~ adeq~aty w inadeq~aty of the value of the p~ope~ty mongaged or to the so.vency c,r ;~solvency o( said MORTGAGOR or the defendants, a~d that such renfs, profits, incane, issues and reve~ues shall be appiied by such Receiver occo~d~ng to the lien or equity oi said MORTGAGEE and the practice.of suth Courf. ~ 8. To duly, promptly ar.d fully perform, discharge, execute, effect, complete, campty with and abide by each and every the stipulations, agreements, cond~tions and covenanrs in sa~d promissory note and this mortgage se~ forsh. 9. That in the event the ownership of the mortgaged premis?s, or any part thereof, beca-nes vested in a person other than the MORTGAGOR, the :'.~RTGAGEE, its successws and assigns, may, wirhout notice to the MORTGtiOR, deal with such successw a successor in interest with reference to this morrgage and the debt hereby secured in the same manner as with Mortgagor w;thout in any way vitiating or diuha~ging the Mortgagori liabifity herr ~r.der u upon the debt hereby secured. No sale oi the Fien,ises hereby mortgaged and no forbearance on the pars of the NIORTGAGEE or its successors or assigns and no exrension of the t~me for the payment oi the debt h~reby sec~~ed given by Ihe MORTGAGEE or its successors a.ssigns, shall operate ro release, d~scharge, modify change or affect the orig~nal fiao+l~ty of the MORTGAGOR herein, either in whoie or in part. 10_ It is speufically agreed that time is of the essence of this contract and that no waiver of any obligat~on hereunder or of the obligation se- i cured hereby shall af any time thereafter be he:d to be a waiver of the terms hereof w of the instrumeM secured herby. 11. In a~o~tio~ to the forego'~~g month!y paym~nts of princ pa{ and interest required by the promissory no!e setured hereby, mortgagor covenanTs and agr~es to pay to mo:tgagee vvith each mon!hiy payr: ent an add~rional wm est:n,ated by mortgagee ro be equai to 1; 12 of fhe annual cost of the follow- I; :.3: A-All real property taxes le.ied o~ assessed agai~st the above described real esrate. B-Pramiums on f~re and winduorm insurar.ce as here~n requ;red to be carried on the im;~roveme~ts s~tuate on the above described premises. C-Premiums on such mortgage guaranty ir.surar:ce as mortgagee shall from. t me to time deem fit to carry on the loan setured hereby. Mortgagee sha+l from time to time notiiy mortgagor ~n wr~nng of the amou~t d~e and payable hereundrr a~d such sum shaU thereupon be due and ,;yable on the due date of the next month!y payment and each success~ve month rhe.eafter ur.tii mortgagee shall notify mortgagor oi a change in wch ; a~•ount. Such sums sha:l be app'ied by mo~tgag=e toward the payment of real property taxes, insurance prem:ums, and mortgage guaraNy insurance l„ P.T.IUTS. E IN WITNfSS 'NHERfOF, the sa~d MORTGAGOR F.as hereunto set his hand and seal the day and year first aforewid. ~ ~ ~ i~ed, Sealed and de ' ered in the presence ofc ~ ( ~6~5 ~Oxs~ {Seaq ~ Ra ~aela ytarie Bordonali ~~ai~ 1 .4N . (Seaq : ~ _ (SeaQ : f ~ STATE OF FIORIDA ~ a ~UUNTY OF ~t . Lucie ~ ~ . Before me personally appeared Raffaela Marie Bordonali~ a single adult ~ . ~ ~ ~(7ipfK to well known snd: R~own to me to bs ? the individwl;/described in and who exetuted the fwegoing instrumtnt, and acknowledged before me that 9he~ exett~t{t~ •11~ i~, ipr _ ihe purposes ' . ? therein expresxd. ~~~;d ~i ~ . ~ ~ Y ~y~~y ~y~?u ` ~~~~~~S~lf/~~ ~D!'~~lY~ l~A~Yni~~ 1P~V~lYN - . , . : ~ WITNESS my hand and official seal this ~ 1 il day of ~r~h ~ v a oc ~9 72 . . . . r , Notary Public in and foc ~ Staf~ ~of ~[l~e My Commiuion expires: ' i ~ , , ~ ~ ~~J - Retur.~ To: NOTARY p'~IBL~C~ ~ATE of fIORIDA s! U1RGE _ firse Fedenl Sarings 3 loan Assoc~at;on 611( CpMMISSION D(PIRES SEPT. 25, 1975 ~ - Of iort P~erce. BOfbed B~r Mieriean Bankers Insurarke ~;o. Fort Pizrce. florida :a i FtIEQ AND REC01tD[D ' tt.IUCIC ~OUNT1? FLA. ~ This Instrument Prepared By John lti'. Collins ROCER POITRAS _ First Federal Savings 8 Loan Association CLERK CI~:CUIT COURT ~ of Fort Pierce ~ Plorida RFCORa YfQIF1E0~ Che.ked 8y a~~- ~ ~0 26 ~~~Z ~ - i i~~~~ t 80~(~ P~~~ ~ ~ ~ - - ~ _ - - _ - -