The URL can be used to link to this page

Home My WebLink About2550 3. To piace and continuousty.keep on the bui!dings now w hcreafrer ~ifvata o++ sa~d isnd and on a11 equipmenl ~nd perso~ally cavered by thit mp sge, wi~h all premiums thercon pa~d in tutl, (ire insurance in the usval standxd poticy form, i~ a sum spproved by the MOR*GAGEE, and windito insura~ce in ths usua) starxlard pol~cy iwm, in s sum approved by ths N14RTGAGEE, in such tompany o~ tompa~iei as ~he MORTGAGEE m d~rect; and all fire ar~d w7nds~orm iasurance pol~ues on ~ny of uid build~ngs, any Intere~t therein or part ~hereof, i~ the aggrega~e svm ~fo~efaid in exceis Ihereof, shall contai~ the usval sta~+dard mortga9ee clause a ~uch otha clause as 1hs Mafgages may requi~s, makinp ihe loss u~?de~ sa~d po cies, each and every, payable to said A~~ORTGAGEf as its intere~t may appear, and each and every s~ch policy shall be prmmp~ly ass gned and delivered + a~y held by said MORiGAGEE as iurther security to said mwtgaqe debt, and, no~ less than ten (10) days in advance of the expiration of each polity, to d~ ~iver to said MORTGAGEE a renewal thcreof, together with a receipt ta the premiwn o/ such renawal; and there shaJl be nes fire or windstorm insurant pleced p? any of said b+iildings, any interest therei~ a part thereof, unteas in ths form and with the lou payable as afweiaid; a~d in the event any fun of mo~ey becomes payable unde~ such policy w policies said MORTGAGEE shsll have the opt~on to receive and apply ~he same on account of t:,s :«ebted ness ucured hereby or ~o permit said MOR~GAGORS ro reteive and use it or any part thereof ior o:ner pu~pases, wAhout th~r~u~ wai~ia3 0~ unp:,ir~ ing any eq~ity, I~en or righ~ under or by virtue of this mo:sgsge; ~nd in ths event said A10RiGAGORS shall tor a~y reason fail to keep the said premisas so insured, p~ fail to deliver promptly sny of said po~ities of insurante to said MORTGAGEE, or fail promptly fo pay fully a~y pre~nium therefor w in any respecf iail fo pe~fwm, ~lischarge, execute, eifect, complete, compty witA and abide by thi: covenant, a any part hareof, said MORTGAGEE may place snd pay tw such insu~ance or any part fhereof without waiving ot a(fecti~p any opiron, lien, equity, w right unda w by virtue of this Mwtgage, and rhe fult amount oi each and every such payment shaU be immediately dve and payable and ahall bea~ ioterest from ths aate Ihereof umil paid a1 the rate o1 nine pe~ centum per annum and to~ether with such interest shall be secured by the lien of this mwtgage. 1. To permit, tommit or suffe? no waste, impairment w deterioration of uid property w any parf theteof. 5. To pay all and singulu the costs, charges and expenses, including a ~easonable attwney's fee and costi of abstracts of title, incurred o~ paid st any time by said MORIGAGFE, betause p in the event of tF?e failure on t{x part of ihe said MORTGAGOR to duly, promptly and fully periwm, diuharge. eaecute, ef(ecL complete, comply with and ab:de by each and every ~he stipulations, sgreements, tonditiau, and covenants of said promissory note and thii moitgage any w ei~her, and saFd costs, charges and expense:, cach and every, shall be immediately due and payablr, whether w not there be notrce d~ mand, attempl to collecl or iuit pending; and the full amo~nt of each and every suth payment ahall bear interest from the date thereof until paid at Ihe rate oF nine per crntum per annum; and all said costs, charges and eapensea incu~red or paid, together w~th s~ch interest, shal) ba secured by the lien of this mortgage. 6. Thaf (a) in the event of any breach of this Matgage w defaull a~ the part of the MORTGAGOR, w(b) in tl~e event any of sa~d sums of money herein referred to be ~ot promptly and fully paid wifhin thirry (3p) days next afte? the same uveratly become due and payabte, without demand o? notice, or (c) in the event each and every the stipulations, agic~ements, conditions and coveaams of sa.d promiss~y oote and thts mortgage any or either are not iuly, promptly and fully performed, d~scharged, executed, effected, canpleted, compl~ed with and ab~ded Sy, the~ i~ either w a~y svch eveM the said ag gregate sum mentioned in said promissory note then remaining unpaid, with interesf acuued, and a71 moneys setured hereby, shall become due and pay~ able forthwifA, or thereafter, at the option of said MORTGAGEE, as fvlly and canpletely as if all of the said sums of mpney were originally st~pulated to be paid on suth day, anything in sa;d promissory note w in this Matgage to the conuary notwithstandi~g; and thereupon w thereafte~ at the option of sa~d MORTGAGEE, wirhout notice o+ demand, suit af law w in equity, therefore or tF?ereafter begun, may be prosecuted as if all mor?eys ucvred he?eby had matured pnor to its institutian. 7. That in the event that at the beginning of or at any time pending any suit upw~ this Mortgage, t,w to fweclose it, or to refo?m it, o?'to enforce payment oi sny claims hereunder, said MORTGAGEE sha11 apply to the Court having jurisdrction thereof for the appointment of s Receiver, such Court shall forthwith appe~~f a rece~ver of said mortgaged property all and singula?, includ~ng all and singular the income, profits, issues and revenves from whatever source derived, each and every of wh~ch, it being expressly undera~ood, is hereby morrgaged as if speu(icalJy ut fath and dexribed in the granting and habendum dauses hereof, and such Receiver shall have all the b~oad and effeciive funct~ons a~d powers in anywise entrusted by a Court to a Receiver, and s~ch appointmen~ shall be made by such Court as an ad~n~tted equity and a matter of absolute right to said MORTGAGEE, and without retere+xe to the adequaq or inadequacy ot the watue of the p.operty mwtgaged or to the so;vency or ~nsolvency of said MORTGAGOR or the defendar~ts, and that such renrs, profits, incane, iuues and revenues shall be applied by suth Receiver accord~ng to the lien w equity of said MORTGAGEE and the practice of such CouA. 8. To duiy, promptly and fulty perfwm, discharge, execute, effect, complere, comply with and abide by each and every tF?e stipulations, agreements, conditans and covenants in said promissory ~ote and this mortgage set fwth. 9. Tha1 in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in a person other than the MORTGAGpR, thp h10RTGAGEE, its succeuas and assigns, may, wifhouf notice to fhe MORTGAOR, deal wi~h svch succeuor a successo~ in interest with reierence to this mortgage and the debt hereby secured in the same manner as with Nbrtgagor without in any way vitiating or dixharging the Mottgagors' liabitity here- under or upon the debt hereby secured. No sale of the Frem~ses hereby mortgaged and no forbearance on the part of the MORTGAGEE or its successws or assigns and rro extension of the t;me foi the payment of the debt hereby secured given by the MORTGAGEE or its successora w auig~s, afiall operate to release, discharge, modify ct.ange w affect the orig~nal liab~fity of the MORTGAGOR herein, either in wFak or in psrt. 10. It is speciEically agreed that time is of the essence of this contract and that no waiver of any obfigatan he~eunder w of ths obtigation so- cured hereby shall at any time thereafrer be held to be a waiver of the terms hereof a of the instrument secured herby. 11. In add~tio~ to the fwego"~x1 monlhly payments of princ pal and interezt required by the promissory no!e secured hereby, mortgagw cove~ants and agrees fo pay to mo:tgagee with each monthly payrnem an add~rional sum estimated by mwtgagee to be equal to 1/12 of the annual cost of the follow- in9; A-Att real property taxes levied or assessed agai~st the above destribed real estate. B-Premiu~ns on fire and windstorm insurar.ce as herein requ~red to be carried on the improveme~ts situate on the above dascribed premises. . C-Premiums on such mo~tgage guaranty ir.surar~ce as mortgagee shall from t~me to time deem fit to carry on the ban secured hereby. Mortgagee sfiail from time to time notify mortgagor in writing of tF~e amount due and payabfe hereundar and such sum shall thereupon be due and Fayable o~ tF~ due date ot the next monlh!y payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a change in such a~r.ount. Such sums sh.all be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance premiumi. N Y~IiNE$5 WHEREOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day and year t aforesaid. - ned, ~Seale~d and de' i the presence of: ~ ~ ck R ~ ~n - an Sealj O R O~ ~an TATE OF FLORIDA ~ COUNTY OF _ St. Lttcie ~ Before me personally appeared Pattick Roaolino a~ Jovee Roaolino his wife, to me well known_ a~d known to me to be the individuals described in and wta executed 1F~e foregang instrument, and acknpwledged before me that they exetufCA~ tb~~'i ,~lwt;'fq~ iht purposes therein expressed. And the said~J~vcp Rnanlinef , . 'T"'~_ ~~..~r.. • ~s3r wife of fhe said ~ ypQn s ilepliat`s a~d privats exam~natwn by me taken xparate and apart from her said husband, acknowledged to and before me that ihe exetut~ s~ill iASirument'fr~ ~nd voluo- rarily and withovt any compulsion, constraint, apprehens~on, or fear of or from f~er said husband. `J • - 2G ~h , . . . ~ WITNE55 my hand and officisl seal this_ day of r' ~~~'y.'Z, , . - ~ i: ~ ~ ~ _ Notary PuWic in and fot-. ',oi flQt' -at~,La~~-e~ ' My Comm~ssion expirese ' PUPl1E' d FLORIDA at URGE Return To: • MY I~~ p(PIRf$ SEPT. 25. 1975 Fint Federat Savi~gs 3 loan Associat~on Boedcd Isr~.A~iqp Bmloxs Insurance ~:o. Of Forf P~erce. Fort Pierce, Florida . ~ RECOA0E0 'FIlEOC E ~~UNtY F~~ ~ ' st.111 ?`~'t COU ! This Instrument Prepared Byc John W. Collin5 ~OCi y. ~t pt C1.ER~ : ~ First Federal Savings & Loan Association AfC^Rn'~i ~'~ED of Fort Pierce ~ Florida 33450 5 9 ah~1Z , ~ Checked By ~ ~A~ ~~'1 ; ~ ~j~ nc,~~~J~g 230 ; aoox ~ 4 ; . , . ~ ~ ~ - - - ~ ' ' ~ - z:~