Loading...
HomeMy WebLinkAbout1793 3. To place and continuo~sly kcep on the b~~'d~ngs now cr hereafta~ ~iruate on sa~d land and on all equ~pment and persona~~y covered by this ma egs, w~lh all promiums thrreon pa~d in fuil, fire i~~surance ~n the usual stande~d po;icy torm, in s wm approved by Ihe MOR~vAGEf, and windsto ;nsursnce in the usual arandard pot!cy (wm, in • sum a;.proved by the MORTGAGEE, in suth tompany or cornpan~es as tha k,ORTGAGEE m d~rec~; a~d aU (irs and w~nd;~orm insuro~te po~~des on any of sa~d build~ngs: any interest theroin or part thereof, in ihe aggrega~e wm aioresa~d in eacess thereof, thatl contain the us~al uandard mor~gagre clause or such o~her dause •s Ihs Mongagee may requ~re, ma?ing ~he ,css ~~~dr. s~~d po c~es, each and avery, payab~e to said A1pRTGAGEE as its imerast may appear, end cac~ and every such pa!~cy shall t,a prompUy ass qned a~~d de:~verrd ~ any held by a~~d htORTGAGEE as funher security to seid morlgage debt, and, noi !eu ~han ten (10) deys in advence of ~he exp~~a~~o~ oi each po~~cy, +o d~ liver t0 said MORTGAGEE a renewal thereof, toye~har wi~h a recaipt for the premium of such renewal; and Ihere ahall be no f,re o~ w~ndsrc~m insuranc ptaced on any of said buitdings, any interest thcre~~ or part thereoF, un!ess i~ ~he form and v.lih the loss payable as afore~a~d; and ~n rhe e~ent a,,y sun of money becomes payable under such policy w pol~cies said MORTGAGEE shall have the opt~on to receive and apply Ihe Sdnl! on account of the i~~J~b<<d neas secured hereby w to perm~t sa~d MORTGAGORS to receive and use it w any parl the;eof for orn~r purposes, v~~~ho~r ~h,~~ n; .v~~.~ ~ ~~~,p.:~. ~++g any equ~ty, lien o~ r~gh~ under a by vi~tue of this mo:tgage; and in ~he event sa~d MORTGAGORS shall fw any reason ia~l to keep ~he sa~d prem~srs so ~nsu~ed, a fail to deliver promplly any of said policies of insurance to sa~d MORTGAGEE, o~ fail promptly to pay fuily any pre~~~~~rn theretor or in any .espect fail to perform, d~scharge, execute, effec~, comp!ete, co~~ply wi~h and ab~de by thts corenant, w any pa~t hrreof, sa~d MGRiGAGEE moy p~ace a-a . pay fo~ svch inauren<e or any part thereof w~thout waiving or affecting any opt~on, lie~, eqv~~y, o+ r~ght under or by virt~e of ~h~s htorrgage, and ~he fuil amouro of each and e~~ery such payment shall be immediately due and payable and shail bear interesf from the date thereof un~~l pold at ihe rate oi n~ne per cent~m per annum and to~ether with such imerest shaii be secured by the lien o( this mongage. 1. To permit, mmmit w suffer no waste, impairment o~ deterioration of taid property o~ any p~rt thereof. ~ S. To pay all and singular the costs, chargea and expenses, including a reasonable altwney i fee and costs of abstracts of t~tte, incurred or paid ar any time by said MORTGAG:E, because or in the event of the fa~lure on the part of the said MORiGAGOR to duly, promptly and fu~~y periorm, d~scharge execute, effect, tomplete, tomply w~th and ab:de by each and every the atipulat~on~, agreements, tonditions, and covenants o( sa~d pro:nissory nate and th~s .~~oregage any or e~ther, and u~d costs, charges and ezpenses, each and every, shall br immed~ately due and payable; wherher w not there be nonce d> mar.d, attempt to collect w suit pend~ng; and the full amouM of each and every such payment shall bear intercst from the date thereof until paid a~ ~he ~,,re o~ nirK per centum per annu:n; an~ all sa~d costa, charges and ex;xnses incurred a paid, togrther w~th such imerest, ahall be secured by the 6en of th~s mortyage. 6. That (a) in the event of any breach of this Mortgage or defaul~ on the part of the M.ORTGAGOR, w;b) !n the event any of sa:d sumi of rreoney herein refe~rrd to be not promptty and iully paid within th~rty (30) days ne~t aiter the same severa'ty beco.~~e due and payable, w~thout demand or nouce, er (c) in the evem eath and every the stiputations, agreements, condrtions and covenants of sa:d promisso~y note and tF~~s mortgage any w either are not iuty, promptly and fully pe~formed, d.scharged, executed, effected, completed, compGed wrth and ab~ded 5y, then in e~ther or any such event the said ag gregate sum rrKntioned in said promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay a5ie forthwith, p therea(ter, at the option o( said MORTGAGEE, as fully and complete~y as ii all of the said sums of money were onginally st~Fu~ated ro be paid on such day, anything in sa:d prom~ssory note or in this Mortgage to the contrary notw7thstanding; and the~eupon or thereaher at the opnon of sa~d MORTGAGEE, without notice w demared, suit at law or in equ~ty, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby ned matured pr~w to ~ts institution. 7. That in the event that at the beginn~ng of or at any time pend~ng any suit upon this Mortgagc, a to fweclose it, o~ to reform it, or to enforce payment of any claims hereurtder, said MORTGAGEE shall apply to the Court having ~unsd~cnon thereot for the appo~ntment of a Receiver, such Co~rt shait io~thwith appoint a receiver of said mortgaged property all and aingular, incl~d~ng at~ and singula~ the income, proF~ts, iss~es aad revenuea irom whatever s~vr~e derived, each and every of wh~ch, it be~ng expressly undersrood, is hereby morrgaged as if spec~fically ut fonh and desuibrd in Ihe granting and habendum clauses hereof, and such Receiver sAall have all the b.oad and effecrive furtcr~ons and powers in anyw~se entrusted by a Court to a Recriver, ar,d :~ch appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the ad~quacy or inadequacy of the value of the property mongaged or to the wivency or insoivency of said MORTGAGOR or the defendants, and that such re~rs, proiits, incane, issues and revenues shall be applied by such Receiver accord;ng to the lien or eqv~ty of said MORTGAGEE and the practice of such Caurf. 8_ To duly, promptly and fully perform, discharge, execute, effect, camplere, con,ply with and ab~de by each and every fhe st~pufations, agreements, conditions and covenants in sa~d promissory note and this m~rtgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a pe:son other than the MORTGAGOR, 1he ti'.ORTGAGEE, its successors and assigns, may, without nofice to the MORTGAOR, deal wrth such successor w a:xcessor in interest with reference to this n•o~~gage and the deb~ hereby secured in the same manner as with Mort~agor withou~ in any way vit~ating or d:xharging the Mortgagors' Iiability her~ under e~ upon the debt hereby secured. No sale of fhe prem~ses hereby mortgaged and no forbearance on the part of the /hORTGAGEE or its successws or assigns and no exte~sion of fhe time for the payment ot the debt hereby secured given by the MORTGAGEE or its succe:sws or ass~gns, a~iall operate ro release, d~scharge, modify change a affect the orig~nal liab~l~ty of the MORiGAGOR herein, either in whole w in part. 10. It is spec~fically agreed that time is of the essence of th~s contracr and that no waiver of any obl~gat~on hereunder u of the obiigatan sa ~ cured hereby shali at any time thereafter be he:d to be a waiver of the terms hereof or of the instrument secured herby. ~ 11. In add:tio? ro the forego'ng monthty payments of princ pal and interest requ'ued by the prom;ssory nore secured hereby, mortgagor covenants a~d agrees to pay to mortgagee ~n~th each mo~rh(y payr~:ent an add~rional sum es~~~~ated by mortgagee to be equal to 1/ 12 of the annuai cost of the foliow- I 2 ~n3: ~ A-All real property ta,crs levied or assessed agaiost the above descrlbed real rsrate. B--P~emiu~ns on (~re and windstorm insurarce as herein ~eq~~red to be carried on the improveme~ts s~tuate on the above described premises. ~ C-Premiums on such mortgage g~aranty ir.surance as mort~agee shail from t~me ro time deem fit to carry o~ the loan secured hereby_ ~ ~ Mo.tgagee shail from time to time notify mo~tgagor ~n writing of the amou~t due and payable hereundrr and such sum sball thereupon be due and ~ ! :~yable on the due date of the next month!y payment and each successive month thereafter ur,til mortgagee shalt not~fy mortgagor of a change in such - ~^.ount. Such sums sha:l be applied by mortgagee to•xard the payment of real property taxes, insurance prem~ums, ar.d mortgage guaraMy inaurance j ; p~emiums. ~ IN WITNESS WMEREOF, the said MORTGAGOR has hereunto set his hand and seal the da a ~ y year first aioresaid. Signed, Sealed and delivered in the p~esence of: $ Tn1i tri@~3 ` ~i~.~_ ) 8Yld , ~ ~a', ~ r 8 3~A ' ~Sean ~ ,aitness i ~ .ri. ~ ($eal) = E sine I. Sciturro ~ ~ ; ~ ATE oF Michigan ~ ss. ~ ~ouN7Y oF l~~/~, ~ ~.sr ~ ~ c ~ Befwe me penonally aP~a.~a Joseph J. Seiturro, Individual~y and as Trusteq„~ ; ~ Elaine I. Sciturro ` his wife, to me well koown and known to me to be ~ rhe indiriduals described in and who eaecuted the foregang instrument, and atknowledged before me that they executed the same fw the purposes ;herein expressed. And tne said F.'1sti~fe T S~!i . trre _ s N.~~ or ~n~ ,~~a Jose J. Scittirro ~ 6 ~ ! - _ upon a xparate and private ~ _ e<amination by me taken sepa.ate and apart from her said husband, ack~owtedged to and befwe me that she executed uid instrument freely and volun- - ta•~{y and w~thaut any compulsion, constra~nt, apprehtn}ipp, or fear of w from he~ said husband. WITNESS my hand and official seal this 14Lt~ day of ~1 A. D. 19~ ~ ~ ~ ~~C ~-~G/ f ~ _ Notary Public in and for t' t te o~at Large My Commission expires: " CZ]~~ _ aetorn to: LUC!! lE G=7~OFF = first Federal $avings 3 Loan AssociaGon of Forr P~erce. Notary F;, :.:i C_ u-:' /.ti~h. - Fort Pierte, Horida MY CO:.:~'l7S:~C:7 L.:F.`f~S ~,3, ~y73 FIlEO ANO fiECOR0E0 ~ ~ - - ST. LUCIE COUIIT1f FLA. - . : This Instrument Prepared By WN. E. BY'8uI1 ROCER P8{TRAS ~ " First Federal Savings 8~ Loan Association CIERK CI~CUIT COURT . of Fort Pierce ~ Florida RECORO vEF.IFtEO ; . _ y ~ ; l_' Chetked B 17N1[ Z0 1 ~ 0? AH ~ 1~ 225818 ~ - . ~ ; EQ~x200 ~~fi792 - ; . - ; .s - ls ~ - _ - - - - - _ ` . _ - p°~~ ~-.>-x'~'` : ~ ~ ~ r.,~e -a _ ' ~ a ~-s~ i , r "g . ° x. r -F . s ``X,.r "x . . ' ~r~""'.~~ ~ :~~'~z~- . 3 _ ~ x'~`~_,"< i'