HomeMy WebLinkAbout2209 3. To p!ace aod continuuusly leep on the bu~'.d~ngs now o~ nereafter a~luate on sa~d land and on all cq~ipment and personally tovered by lh~t mor
aae, w:ih all pren:,u~nf ihc•reon pa:d ~n lutl, I~ie ~~~s~.rance in the uwal stai~ard po:~t~ Fonn, in a wm a~,y~o~ed br the MJR~C;:.GEE, and w~~~Jsro
;nwrantu in tha usual s}andard pot.ty form, in a svm approved by the MORiGAGEE, in such tompany or compa~~es as the AlQ~TGAGEE m
d:reU; and aH fire and w~nda~orm insuranta pohacs on any of sa~d b~,~td~ngs, any interes~ thcrrin or parl Ihrrcof, in the agg~cgate wm aforesaid
in excess the~eof, shall ;on~:,~n the ~sual s~a~ dard mo~rgagee c:ause w such o~her d~use as ~he Mortyagee may req~.re, mak~ng the wss undr~ s,.J po
c~e:, each and every, pay.,5'e ?o sa~d MORfGAGEE as ~ts iroerrs~ may appear, arx! each a~d every svch po::cy shal~ be prompt~y ass gnrd a~~d d~:~~~~r~•d ~
nny hrld by sa~d /.10R(GAGsE as f~riher sec~rrty to sa~d mortgage debt, and, not less than ~en (i0i days in aJvonce of the e+pirat~on of each policy, ~o d~
~~ver to said MORTGAGEE a rencveal tiiereof, toc,h:iher ~vith a rcteipt ~or fhe premium ol suth renewal; and ~hrre shall be ~w f~~e or wu.dstorm insuranc
E:':eced on any of se:d bvitd~ngs. any interest thrre~n or part thrrco(, unless in the io~m and wuh the ioss payable as aioresa~d; ard in the eveM any s~~
of money bc'tOnxs payable ~nder such policy or polic~es said MORTGAGEE shall have the opt,c,n to reca~ve ..nd apF:y the sa~~~e on account of the i~~d~~t~~~•d
ness securzd hereby or to permit aaid MOR~GAGURS to ret~ive and ux il w any p.rt thrreof tcr o:h•_r pur; oscs, v~:~~~o~t ih ~r w-~^'7 '"'P°"
iny any E(~wty, I~en or ~~yht unde~ or by virtua of this mor`gage; and in the evem sa.d MORTGAGORS shall ;or any raason fail to krep the aaid prem~scs so
~nsur~d, ot fai~ to deliver promptly any of s~id polkies of insu~ante to sa~d MORTGAGEE, or fa~~ p:o~nptly to pay fu~ty any prem~~m tharafor or ~n a~~y
.rs~~ect (ail to perform, d~scharye, exrwtr, elfect, canplere, comply wirh and ab~de by this coven~nt, or any pan h.~eoi, sa~d MORi;,.>GEE may piace a~d
p~y fw suth inwr..nce or any part thareof w~~hout waiving or af(ecting any opt~on, lien, equ~ty, or nght u~der or by vi~tue of this !~1or~gage, and thc
i~ll amovnt uf each and every such paymrnt shalt be ~mmediately due and payable and shall bear intrrrst fran Iha date thereof until p~~d at the rate o1
,e ~:r ccnrum pe~ annu+n and to~rrh~r v.ith such inter~st shaii be srcwed by the tien of th~s mortgage.
4. To permit, commit or sutfer no waste, impaiuneN or deterioration of said property or any part lhereof.
5. To pay all and singular the costs, charges and e:penses, including a reasonable attorney's iee and cosrs of abss~acss of title, incurred or paid at
~ny time by sa~d MORtGAGEE, because or in ~he evem of ~he failure on the par~ of the said MORTGAGOR ro duly, piomp~ly and tutiy p~rform, d~scharge.
..~cute, effec~, co~np:rte, tonply w~th and ab:de by each and every the stipu~at~ons, agreements, tonditions, and covenants oi sa~d p~omisso~y note and tt~~s
,~ortgage any o~ enher, and sa:d costs, char~es and eapenses, each and every, shall be immrdia+ely dur and payab;e; whe~her or not there br not~ce da
m,;nd, attempt to co~lect or suit pendmq; and ~he full a~nount of each and e~ery such paymeN shatl bear interest irom the dafe thereof until paid at the
rc oi nuie per c~nium E~~~r a~~n~ end ail sa~d cosfs, charges and expenses incurred or paid, togather wnh such interes~, shall be sec~red by the lien o( thi?
mcrtgage. ~
6. Thal (a) in the event of any breach of th~s h~orrgage or defauit on the part of the MORTGAGOR, or ~b) in the event any of sa'd surns of money
t•c-rein referred to be not prcmpriy and fully paid w~th~n thirty (30) days next after the same severa::y beco:ne due and payable, without demand or noece.
cr ~,c) in thr event each and every the snpu;anons, agreements, cer,d~r~ons and covenants of sa.d prom~ssory note and th~s mortgage any w either a~e nol
j~iy, prompt{y and fully perfonned, d.schargcd, e,cecutzd, effected, completed, compiied w~th and ab~ded 5y, then in e~ther or any s~ch event the sa~d ag-
~r,gate sum mennoned in said promissory n~te thrn remaining unpaid, with inrere,t accrurd, and a~I moneYS secured hereby, shall become d~e and pay
~o a forfhweh, o. lh@frd~tCr, at the opr~on of s~id h!ORTGAGEE, as fully and completely as if aIl of the sa~d wms of maiey were or~ginatly st~p~:ared
•o be pa.d on wch day, anything in sa:d pro:n~sso~y nore or in this Matgage ro ~he conrrary notnr~ihs~and~~~g; and ~hereupon or thereafter at the opnon of
s, :i MORTGAGEE, w~thout noNce or drmand, suil at law or in equ~ty, therefore or thereafier begun, may be prosewted as if all mor.eys secured hereby
n,d mawred pr~a to ~ts mstituticn.
7. That in the evrnt that at fhe beginn~ng of or at any time prnd~ng any suit upon this Mortgage, or fo foreclose it, or to reform it, or to enfo~ce
~~;ment of any ci~~ms hQreunder, said ~.10RTGAGEE sha? apply to the Co~rt having ~u~~sd:ct:on thereof for the appointmero of a Reteiver, sueh Court shail
t, thwith appoiM a rece~ver of sa~d mortyaged prope~ty all and singular, indud:ng aJt a~~d s~~~gu~ar ihe irtcome, p~ofits, issues a~d reven~es fiom whatevei
s. .rce derivrd, each and e~ery of ,nh.ch, n t,e~ng express!y u~derstood, is hereby mo~tgaged as if spet~~icafly set forth and dexribed in the g~anting and
!,:,endum dauses hereof, ar:d s~ch Recriwer shail have all the broad and effect;ve funcf.ons and powers in anyw~:e entrusted by a Couit to a Receiver, and ;
s'F~ appointment shalf br rt;ade by such Court as an adnitted equity and a matter of absoiure r~gM to sa~d MORiGAGEE, a~d w~.haut re(erence to the f
°~-~a~~~r o~ inadeq~acy of the value of the property mongaged or to the so.vency o. msoi~ency of sa~d MORiGAGOR or the defendants, and ihat wch
rs, protits, inco~ne, issves and revenues shai! be appi~ed by such Recerve~ accord.ng to ~he tien or equity of sa~d MORTGAGEE and the practice of such
i.ouri.
8. To duly, prompt!y and ful~y perform, d~s:ha~ge, execute, effect, complete, co~nply with and abide by each and every the st~pulations, agreements,
.or.ditions and tovenanrs m sa~d promissory note and th[s mortgage set torth. , ,
9. That in the event rhe ov.nersh~p of the mortgaged prem~ses, or any part tne~eof, bccomes vested in a person othe~ than the MORTGAGOR, the +
:~RTGAGEE, its s~ccessors and asvgns, may, witho~t no~ice to the A10RTGAOR, deal wnh wch successor or successor in interest wiih reference to this ;
~•-tgaye and the d_u~ heretiy secured ia the same manne~ as w~~h Mortgagor w~thout in any way vit:atinq or d~xharg~ng the Morfgagors' liability here r
._~.~~•r or upon the detr heret~y sew~ed. No sale oi the Fremises hereby mo~tgaged ar.d no fo.bearance on the part oi the MORTGAGEE or its successors ~
~r „ss~9ns and no exrension of rhe t~me for the payment of the debt hereby secured g+ven hy the hM1ORTGAGEE or in s~ccessors or ass~gns, a1~a11 operate ~
!o ~e~ease, d~scharge, modlfy ~hange or affect the orig~nal liab.i~ty of the M.ORiGAGOR herein, either in whole or in pa~t. f
10. It is speu4icaliy ag.ced that time is of the essen~e of ihis contraU and that no waiver of any ob'igation hereunder or of the obligation se- ~
c~red hereby sha;i at any ti~~e th~~reafter be he!d to be a waiver of the ter.~ns hereof or of the instrumem secured herby. _
11. In ~:i:3.f:c•~ to the forcgo ng n,or.th~y payments of princ pa! and inrerest req~~red by the p~am:sscry no~e secured herebf, mo:tgagor eovenants =
. ~ agr~~s to ;~ay to :~:or;~ag~=e v.:eh eacn ~nonthiy payr.,ent an atid:rional sum est n;ated by mongagee to be eq~ai to 1 12 oi the annuai cost of the folfow-
;
A-Ali rcal F.ropersr tax~s le•ned or ass=sseti ag~i~~st the above dezc.eb~d real estate.
B- Pr•~r:~u :,s on fne ar,d vr~cdstonn insurarce az here~n requ;red to be carried on the :mp~oveme~ts s~tuate on the above d_svibed premises.
C-Prerr.i~~•.s on such mort3:;qe guaranty ~r.sura~:ce as mor.gagee shail fro~r ~ me to time deem fit to carry on the ~oan secured hereby.
'ltortgagee s^._,+ from t~~~:e to ti:ne not~f~ mortg~gor :n wnt~ng of the amou~t d~e and payabte hereundar and such su~~ sh~!I thcreupon be due a~d
.,b:e on th_• cl,,r r'„!•_ o* the neat n:onth'~ paymeni and each success~ve mon~h thereait~r w:tii mcrtg~gee shall nor.fy ~nortgagor of a cfiange in wch
,unt. Such surr:s zi a:i be ap{•'.~ed by morsgagre toward the payment of real property taxes, insurence prem:ums, a~~d mortgage guaranty insurance
. ~.~^iVmS.
IN l':lTPlE55 :':HERiOf, the said 1~50RTGAGOR has hereunto set his hand and seal the day and year first aforewid_
; ~~Si ned, $ealed and delivered in the presence of: I ~j
~ ~l.[/~"Lt2 (if ~!-C~o ~Seaq
~ 1 1i3, A. C (Seaq
(Sesl)
~ . M Y~1 A. CZOC " (seap
~ -
~ S"~TE OF FLORIDA ~
St • L.11C1! ~
q~ ~.~,U.'JTY OF ~
* Willia~ A. Crocco a„d
Before me personaSly appeared
Marilyn A. C10CC0 his wife, to me well known and known to me to be
~i. irsd~viduafs described in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes
rF,~.ein expressed. And the :a~a__ _ Mari lyn A• CZOCCO
`c of the saEd _ W1111dD1 A. CIOCCO upon a separate and private
~ •.im~nat+on by me taken separate and apart from her said husband, acknowledged to and brfore me that she eaecuted said instrument freeiy and vaun-
~ ,.y and w:thout any comp~lsion, constraint, apprehens:on, w fear of or from her said husband.
~ Y~ITNESS my hand and off~.~al seal th~s 27th day of `J~e A. D. 19 72
~
Notary Pu6!' n a~d ior the tate of Fbrida at large
~ My Commis on expires: G~ / fi ~ s~
Ret~rn To:
~
~ First federal Savir.gs 3 loan Associat~on :.'^T' ^ f pUBUC STATE OF F' "T
~ oi ~o•r ~E:c_~. ' - ~~~•itSS10NEXP1RESr~ ' 6. 1978
. - ' : INSURAN~E UNDEf:.. w (ERS. ItrC.
~ Fort Pi_rce, florida !1t
~ '
~ ~ " . F~«n =~c~~~cEo
~ , ';~e;~. ST.LI:C~~ :~JVTYfLA.
~ This Instrument Prepared By Ws. E. Brau~f ~ : ~ fi~~=: 7R4S
First Federal Savings 8 Loan Association - ~~rh~, i ~OURt
~ of Fort Pierce~ FlOiida . ti. : • °C~'~` • ~ ' ` - -
.
~ Checked By . ~ J~~1 Z~ ~ 21 PH ~~Z
~ 2322~'7
~ ~ soo~2U3 PAGE2~(l9 _ ~
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i ~ ` - ~ ~F
~~'~z~- ~ r ~ = -
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