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Home My WebLink About2554 3. To place and continuousiy keep on the buitdings now a he~eafter s~luate o~ sa~d land and on all equipme~t and pe?sonally covercd by this mor sgs, with sll premiumi ~he~ca? pa+d in tull, fire insuronca in the usual standard policy (orm, i~ • sum app~oved by the MOR(GAGEE, and windsto iniurance in tM usual standard poGcy form, in a sum approved by ths MORTGAGEE, in such company or companies as ~he MORTGAGEE m di?ect; ~nd all fire and winds~orm insurence policies on any oi said build~~ps, any inte~est the?ein or p~rt thereof, in the a99rega~e s~m aforesaid in exceu thereof, shall coniai~ ~he uiual standard matgagee ctause w such otha dausa as tM Mo~tgagee may ~equ+ra, makir~ the loss under sa~d po c~ef, each and every, peyabls to said MORTGAGfE as its ime~est may appear, ~nd cach and every s~ch po~icy ~hatl be promptly ass.gned and deiive~ed ~ sny held by said MOQTGAGEE ss (urther security to ssid mwtgage debt, and, not leu ths~ ten (10) days in advance oi the expirat~on of eacA policy, to d~ liver to iaid MORTGAGEE a ranewal theraof, togethar with a receipt for ~M premiwn o~ such renewal; and ~here shall bs no fire or windstorm insuranc placed on ~ny of said buildings, ~ny i~tereit thereie or part tFxreof, unless in the form and with the loss payable as atwesaid; and in the event any sun of money becomes payable under such poticy a poiicies said MORTGAGEE shail have the opt~on to rece~ve and apply the same on account of the indebted ness secured hereb w to ~mit said MORTGAGORS ro rcteive and use it w ao rt thcreof ior oihcr ~ Y P~ Y Pa FurpOSes, viithout Ih:rcu/ waivi:~3 Or nnpair ing a~y aquity, titn or rghl under w by virtve of this mor!gaga; and in the event said MORTGAGORS shall f.~ any reason fait to keep the said p?emisr3 so inxured, a fail ro deliver p?omptly any of said pol~cies of insurance to said MORTGAGEE, w fail promptly to pay fully any premium therefor or in a~y respect fail to perfwm, discharge, execute, effect, complete, comply with and abide by this covenant, a any pa~t hz~eof, said MORTGAGEE may place and paY tor such insurance a sny part thereof without waiving or affectinp any option. lien. cquity, o~ right under or by virtue of ~his Mortgage. ind tht tull amount of each u~d evcry wch payment shall be immediately due and payabk snd sha~l bear iMerest irom the date ~hereof uMil paid at the rate of n~ne per tentum per an~um and to~ether with such interest shali be sec~red by the lien of Ihis mwtgage. 1. To permit, commit or suffer no waste, impainrx~t a deterioration of said property or any part thereof. S. To pay all and singular the costs, charges and expenses, including a reasonable attwney i fce and cos~s of abatracts of title, inc~~red or paid at any time by aaid MORiGAGFE, because w in the event of the fsilure on the pan of the said MORTGAGOR to duly, promptly and fv1ly perform, d~uharge, ~ execute, effect, complete, comply with and ab~de by each and every the stiputahons, sgreements, conditiens, and tovenants oi said promissory note and this mwtgege any a eirher, and sald costs charges and expenses, each and every, shall be immediately due and payable; whe~her w not there lx no~ice de~ ' mand, attempt to collect or auit pend~ng; a~d the (ul) amouM of each and every svch paymeM shall bear inte~est from the date thcreof untii paid at the E r,te oE ntne per ceotum pcr amiurn; and ail said cozts, charges and expenses incurred a paid, together w~th such i~teres4 shall be secured by the lien of thi~ morfgM)e. 6. That (a) in the event of any breach of this Nbr~gage w default on the part of the MORTGAGOR, w(b) in the event any of sstd sums of mo~ey herein referred to be ~ot promptly and fully paid within thirty (30) dsys naxt after the same seve?ally becwne due and payable, wilhout demand w rwtice, or (c) in the event each and every !he stiputations, agreements, conditans and covenants of sa:d promissory note and th~s mortgage any or either are rwt ~uly, promptly a++d fully performed, d~xharged, executed, eifected, completed, complied with and abided 5y, Ihen in eiti~er or a~y such event the said ag gregate sum menYaned in said promisso?y note then remaining unpa~d, with interest accrued, and all moneys secured hereby, ihall become due and pay- able forthwith, w rhereafte~, ai the option of sa~.i ::02:t'iAGEE, as !u!!y arY! compkte~y as ii a11 oi the said wms of money were agina(ly stipulated ro be pa~d on such day, anything in sa:d promiuory note or in rhis Mortgage to the confrary notwithstanding; and thereupon or thereafter at the option of said MORTGAGEE, without notice or demand, suit at law w in equity, therefwe or thereaite~ begun, may be prosecuted as if sll moneys secured he+eby had matured pnor to os insfitution. 7. That in the event that at the beginnirg of or at any time pending any suit upw~ this Mortgagr, a to foreclose i1, or fo reform it, w fo enforce payment of any claims he~eunde?, said MORTGAGEE shall apply to the Covrt having jurisd~ction thereol fw the appointment of a Receiver, such Co~r1 shall Forthwith appoint a receiver of aaid mortgaged property all and singular, includ~ng all and singu~ar the income, profits, iuues and revenves from whatever source derived, each snd every of wh~ch, ir being expressly understood, is hereby mortsa9ed as if spetifitally set fath and described in tFK g?anting and habendum clauses hereof, and such Receiver shall have all the broad and effective funct~on~ and powers in anywise entrusted by a Court to a Receiver, and such appoi~tment shall be made by such Cowt as an admitted equity and a matter of absolute right to said MURTGAGEE, and without reference to tne adequaq a inadeq~acy of the value of the property mo.tgaged or to the sowe~+cy w insolvency oi said MORiGAGOR or the defendants, and that such renrs, proiits, irtcane, issues and revenues shall be applied by such Receiver accord+~y to the lien or equity of wid MORTC,AGEE and the pracrice of such Court. 8. To duly, promptly and fully periorm, discharge, execute, effed, complete, comply with and abide by each and every the stipulations, agreements, conditans and covenants in sa~d promissory note and this mortgage set fath. . 9. That in the event the ownershlp of the mortgaged premises, or any part thereof, becomes vested in a person other ihan the MORTGAGOR, the MORTGAGEf, its successors and assigns, may, wifhout not;ce to the MORTGAOR, deal with such successor d successor in interesl with refere~ce to this mortgage and ihe debl hereby secured in the same manner as with Mortgago? without in any way vitiating a diuharging the Mortgagors' liabilily hero- under or upon tF~e debt hereby secured_ No sate o( the Fremises hereby mortgaged and no forbearance on fhe part of the MORTGAGEE w its sutcessors o~ assigns and no extension of the time fw the payment of the debt hereby secured gi~en by the MORTGAGEE or its successars or auigns, ahall operate to release, d~scharge, mod~fy change w affed the orig~nal liability of the NIORTGAGOR herein, e~ther in whok w in part. 10. It is specifically agreed that time is of the essence of tAis contract and thaf no waiver of any obligation hereuntler or of the obligation se- cvred hereby shall at any time thereafter be held to be a waiver of tlx terms hereof w of the instrument secured F~erby. 11. In add~tio~ to the forego'ng monthly payments of princ'pal and interest required by the promissory ~ote secured hereby, mortgagor covenants a~d agrees to pay to mo: tgagee v,rith each mo~thly payr.~ent an add~~ional sum est~mated by mwtgagee to be equai to i~` 12 of the annua) cosf of the folJow- in~: A-All real pr~rty taxrs levied a assessed against thc above destri5ed real estate. B-Premiums on fire and windstorm insurar.ce as herein requ~red to be carried on the improveme~ts situate on the above described premises. C-Premiums on such mwtgage guaranty insurar,ce as mortgagee shall from t~me to time deem fit to carry on the toan secured hereby. Mortgagee shaii irom time to rime notify mortgagor in writing of the amount due and payable hereundrr and such sum shall thereupon be due and ~ayable on the due date of the next month!y payme~t and each successive month thereaiter unti: mo~tgagee shall notify mortgagor of a change in such a~~,ount_ Such sums sF.a~i be apptied by mortgagee toward the payment of real property xes, insvrance prem:vms, a~~d mortgage guaranfy i~svrance p~emiums. IN WITNE55 WHERfOF, the said MORTGAGOR has hereunto set his hand and seal day nd year first ai e id. Sig ealed ~ d delivered in the reunce of: _ n ~ O @ COISO an (Seal) e A. Corso STATE OF FLORIDA COUNTY OF St• L1~C1@ ~ - eefwe me penonally appeared Josevh F. COSSO and _ Ma@ A• CO=SO his w~fe, to me well known and known to me to be the individ~als desuibed i~ and who executed tF~e foregoing instrument, and scknowledged before me that they executed the same for the purposes rherein expressed, And the said ~e A• COZSO ,aile of the said Joseph F. COZSO ~ Kp~~~f~'-~nd p~iv~te examination by me taken separate and apart from her said husband, acknowledged to and before me that she executed said insVvr~ntit~ly yid vOtuR: rar;iy and without any computsan, constraint, apprehension or fesr of or from her sa h band. WIiNE55 my hand and officia! seal this day of ~ _~A.• D. 9 72 - . _ _ ~ tary Publ'~c in for the te"of' t lat~e My Commisi expires: •w ~1?t-~' . 1.' • ~ Return To: / ' - - -;i. First Fcdrral Savings b loan Association ~`i%l;~.tf~; Of Fort P:erce. ~ ~!~f: . fort Pierce, Flo~ida O~b fllf~ ~QUK1Y EL~• t sj. aOCLF r~'~RAS ~UI. COURT ~ This Instrument Prepared By : R ichard K. Ka?yes CtE~~` - First Federal Savings 8 loan Association t1ECOR~ ~t . of Fart Pierce ~ Florida 33450 Y ~ ~ 59 AM ` Checked By ~ nA~ ~ ~ ~04'73 , 4 800K ~V~ PACE~~e~ ; - _ - _ ~ - _ _ _ _