HomeMy WebLinkAbout2205 3. To ptace and continuously keep on the buifdings ~..~n or heroafter titwre on said land and on all cquipnenl and pe?son~lly covered by this mor
~g~, witb all premivms Ihcreon pa~d in full, (ire i~surence in ~he uiual s~andard pot~cy torm, in a sum app~oved by ~he MORiGAGEE, s~d wir?dsto
insurante in ths vsual uanda~d pol;cy form, in a sum approved by ~he MORTGAGEE, in tuch company or companies a: tM MORTGAGFE m
direclj and alt fire and w~ndsto~m insurance policies o~ any of said build~~ps, any interesl therein or part thereof, in 1he a99rcgate t~m aforesaid
in ~xcess thereof, shall contain tha usual slandard mo~tgagee clause u such•o~her clause as ~he Matyages may requ~re, ma?inp the lou under sa~d po
c~es, each and every, psyable ro said MORTGAGEE as its interest may ~ppear, and each ar~ ~:ery such polity shall be promp~ly au:gnpd and delivered ~
any held by said MORIGAGEE ~s further seturity to said mortgage debt, and, no1 less lhan 1en (10) days in ad+ance of the expiratio~ of eath polity, to d~
liver to said MO~i~.".~'_f a-_--*.~+~~~ tl+ereof, toge~her with a receipt fa the premium ot such renewal; and there shaN tx no fre o~ windstorm insuranc
plxed an +ny oF safd bvildings, any in~e~est therein or psrt thereof, unlcas in the form and wi~h tM !au payable as ataeiaid; and ir~ the event any iun
of money becomes payable unde~ such policy or pol;cies uid MORTGAGEE shall have ~he opt~o~ to receive and apply ~he same on a:couro o( ~he indebred
ness secu?ed her~by a to permit said MOQTGAGORS to ~Keiva and use it or any parl thereoi tor otncr purpaaes, wiihout th_.ro/ waiving o~ unpair
ing any equity, lien p right unde~ or by virtus of lhis mo:!gage; and in the evcnt said MORTGAGORS shall for any reasw~ iail to keep the said premises so
insured, p~ fail to deliver promptly any of said policies oi iniuruxe fo said MORTGAGEE, w(ai~ promptly to pay fulty any premium thcrefo~ or in any
respect fail to perfam, dlscharge, execufe, effecf, complete, comply with and ~ti~de by this covenant, or any part hereof, said MORiGAGEE may pl~ce ~nd
pay fq tucA inswance o~ any part thercwf without waiving ot affecting any option, lien, equity, o? right under or by virtue of Ihis Malgage, and tht
full amount o( each and every such psyment shaU be immediately due and payable and sF~a11 bear interesl from the date thereof u~til paid at the rate ol
nine per centum per annum and logether with ~uch inter~st zhall be secured by the lien of lhis matgage.
I. To permit, tommit or suffer no waste, impairment or deterioration of said properfy q any part thereof.
S. To pay all and sinpular the costs, charges and expenses, intluding a ~eawnable attwney'i fee and costs of abstrads o( titte, incurred or Rsid a~
any time by aa~d MURiGAGfE, because w in the event of the failu~e on the part of ~he said MORTGAGOR to duly, pron,pNy and fufly perfwm, d~scharge.
execute, effect, comptete, comply with and ab:de by each and every the atipulations, agreements, conditions, and covenants of said promissory note and ~his
'^a~9+9Q ~~Y ~~d costs, tharges and expenxs, csch and every, shall be immediately dve and psyable; whether w not there be notice dr
mand, attempt to tollett w suit pending; and the full artwunt of eath and every such paymem shaU bear interest f~om tl?e date lherepf v~til ps:d at the
~aee of n~ne per centum per an~,um; an~' all said costs, charges and expenses incurred w paid, together w~th such i~terest, shall be secured by the lien of thii
mortgage.
b. Thst (a) in the event of any breach of this Mortgage w defaull on the part of the MORTGAGOR, or (b) in the event any of said t~ms of money
herei~ referred to be ~ot promptly and 1vl~y paid within thirty (30) days next aiter Ihe same seve~alty become due aru! payable, wittwut demand o? nofice,
or (c) in the event each and every ~he stipulationz, agreeme~ts, condi~ions and covenants o1 sa~d promissory note a~x1 th~s mortgage any or eithe~ are not
iuly, promptly and fully perfwmed, d~scharged, executed, effeUed, compfeted, complied with and ab~ded Sy, then in either or any iuch evenf Ihe said ag
gregate sum mentioned i~ said promisswy ~ote the~ remaining unpaid, with inferest accrued, and ail moneys secured he~eby, :hall betome dus and pay-
able forthwitb, w thereafter, at ~F~e opfion of said !4lQRTGAGEE. as fu~ly and completely as ii atl of the said sums of money were aiginally stipulated
fo be pa~d on such day, anything in sa:d promissory note or i~ this Mwtgage to the comrary notwi?hstanding; and the~eupon or therea(ter a1 thQ option of
said MORTGAGEE, without norice w demand, suit at law or in equity, therefore or thereaiter begun, may be prosecuted as if all moneys secured hereby
had matured pnw to ~ts institution.
7. That in the event that at the beginning of or at any time pendirg any suit upon this Mo?tgage, or to faeclose it, w to refwm it, or to enforte
payment of any claims hereunde?, said MORTt~AGEE shaN apply to the Court having ju~~sdiction !lr~reaf for tl?e appointme~t of a Receiver, such Court shail
forthwith appoint a receiver of said mortgaged property all a~d singular, inctud~ng a11 and singuiar the income, p~ofits, issues and revenues lrom whatever
source derived, each and every of whrch, it being exp?essly understood, is hereby mo~tgaged as ii speufically sef fwth and described in the gsanting and
habendum clauses hereof, and such Receiver shall have all the broad and effective funct~ons and powers in anyw~se entrusled by ~ Court to a Receiver, and
such appoi~tmenl shall be made by such Court as an admitted equity and a ma~ter of absolute right to said MORiGAGEE, and withoul reference fo the
adequacy a inadequacy of the vatue of the property morrgaged or to the soivency or ;nsolvency of said MORTGAGOR p the defendants, and that such
rents, profits, incane, issues and revenues shall be applied by such Receiver accorduig to the lim or equity of said MORTGAGEE and the prattice of such
Cou?t.
8. To duly, p~ompt(y and fully perform, dixharge, execute, O~fKt, complere, comply wifh and abide by each and every fhe stipulations, sgreerr~ents,
condiYans and covenants ~n sa~d ixa„ls:wy nofe and th;s mortgage set fo~th.
9. That in the event the pwnership of the mortgaged premises, or any part thereof, becomes vested in a person other fhsn the MORTGAGOR, the
h10RTGAGEE, its succeuo?s and a:stgns, may, wirhout noTice to the MORTGAOR, deal with such surcessw a successor in inrerest with releience to this
mo~tgage and the debt hereby secured in the same manner as with AM1ortgago~ without in any way vitiating w dixharging the Mortgagors' liability here-
under or upon the debt hereby secured. No sale of the prem~ses hereby mo.tgaged a~d no fwbearance on the part of ~he MORTGAGEE w its wccessors
or assigns and no extension of rhe t~me iw the payment of the debf he~eby secuied given by the MORTGAGEE or its successors or augns, shall operate
to releax, dixharge, modify thange a affect the original liability of the MORTGAGQR herein, either in wEiole or in part.
10. It is spec;fically agreed that time is of the essence of this contract and that no waive~ of any obligat~on hereunder or of the obligation se-
cured hereby shafl at any tirrK ihereaffer be held to be a waiver of the ferms hereof p of the instrument secu?ed herby.
11. tn add:tio~ to the fweqo'ng monthly payments of princ'pal and interest required by the promissory ~ote secured hereby, mortgagor tove~ants
and agrees to pay to mortgagee with each monihiy pay~,,ent an add~rional sum estimated by mortgagee to be equal to 1~'12 of the annual cost of the follow-
ing:
A-All real property taxes levied o~ assessed against the above described rea! esrate.
8-Premiums on fire and windstorm insurar.ce as herein requ;red to be carried on the improveme~ts situate on the above dastribed premises,
C-Premiums on such mortgage guaranty insurar~ce as mortgagee shall from t~me to tiene deem fit to carry on the loan secured hereby.
Mortgagee shall from time to time notify mertgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and
Fayable on the due date of ihe next nwnth?y payment and each successive month thereafter ur,til mortgagee :hall notify mortgagw of a change in such
a~nount. Such sums sF.all be applied by mwtgagee toward fhe payment of real property taxes, insurarxe p?em:ums, and mortgage guaranty insurance
premiumi.
IN WITNESS WNERE F, ?he said MORTGAGOR has hereunto set his hand and seal the day a ear fi aforesaid.
sipd an ~elivered in the presence of: ~
~ - ~ ~
, - fILEO AHD RECOROEO n • an
fT. LUCK :JUMTII FLA. , (Sean
ROG~~ ?r.~1RAS
- C~ERK t ~'~Ult COURT ~ah
RFCOR~ ~E• !=1ED asillt
~ 1~ 3 49 PM ~7 z emo . omeo , i ng e
STATE OF FLORIDA ~
COUNTY OF ~t . Lucie •
; Before me personally appeared John A. Romeo and Bet t y E. Romeo , h i s wife , a~
~ Remo E. Romeo , A Si ng le tl t Y~ to me well known and known to me to be
j the irtdividuats desuibed in and who e:ecuted the foregang instrument, and acknowledged before me that they e~cecuted the same fw rne purposes
~ therein expressed. And the said Bet tv E. Romeo
I w~fe of the iaid John A. ROIDeO upon a separate and privst~
~ examinatron by me taken ieparate and apan from her said husband, acknowledged to aod before me that she executed said instrument fresly sod voluo-
rarity and witlwut any compulsion, constraint, appreh;nsioy~fear of or from her said husband.
WITNE55 my hand and official seal this A~-'" day of Ma .a a. ~ 4'-~~
~ - s
• ~ ~'C~C j . - ~ . - : -
Notary Public in end for the State of flor{da . '
My Commissio~ e:pires: Q; . . _
i Retum To: -
i ~t~ ~-7~ . t' r. _
' first federsl Savings 3 loan Association ~.0~ ~ PAVMENT / ~ ~ ,
i Of Fo~t P~erce. ~~IY~ ~ / v ~ . ' ~
j fort Pierce, Flwida p'~,Q11 ~SS ~ - '•f -
~ ~~pj~R ~1-134. I~S Of 1931. . 2•'
f.~C,;,
j ~~i ~~i,~s? ~UCIE 00. ~ ~ , ' ' <<~' .
~ G~ ' - ; t .
~ This Instrument Prepared By ThomaS A. Dri SCO 11
~ First Federal Savings b loan Association
I of Fort Pier Florida
I
Checked By
6ooK ~2 Par~2~ ~f
s
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