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Home My WebLink About0206 . 3. To p.ace and toniin~o~sly keep on the bv~'d~~~.gs now or hereaher s~tuate on said land a~d on a~~ equ~p~nrnt and personally tovereJ by 1 is mor age, wlth all pren~~~ms ~herron p~.J ~n full, f~rc insurance in 1he usual staixle~d po~~cy form, in a s~~n aHpio~ed by tha 1dOR~Ca.~GEE, and winds~o insura~cr in tha usual ua„d.~~d poi cy ior~n, in a wm appro.ed br tha A10RTGAGEE, in iuch compa~~y or co~~~j:an:es as the h10RiGAGEE m d~rect; and all fire ar.d w~ndstorm insurance po~k~es on any of said build~ngs, any inte~est therein or part th_•rcvf, in Ih! dggrrgdt¢ Sum aforesaid in excess thereof, s}~atl ;oiv;.in ihr ~w~i s~a~~dard mori9agre cla~se or such o~her cla~se as the Mortgayee may req~~re. mak~ng tha ioss unJer s~~d po urs, each and every, paya5'e to sa~d %d~RTCAGtE as ~ts in~~r~~st may apaear, and each and every wch po:~cy sL~ll ?k promp~ty ass gnrd and det~varrd ~ any held by sa~d ~titORiGAGrE as f~nher security ro safd n.ortyage drbt, and, oot less than ten (10) days ad+.uxe of the axpi~at~on o4 each pol~cy, to d. l~ver to sa~d 610RSGAG.E a renewal thc~eof, toge~her wifh a rece~p? 10~ the prem~um o1 such ~enewal; and thrre s~~~~l br no fire or wi~~dsto~m insuranc placed <.n any of sa~d bui!d~ngs, any im~~rest there~n or part ~hereof, un!ess in the (orm and with fhe :oss pay~b:e as afcresaid; ar.d in the eveM a~~y sun of money becornes payable undrr wch policy or po4cies said MORTGAGEE shall have the opt~on to rece~.•e .,nd ap~'y the same on actou~~t o( the indabtrd ness secured harcby or ro pernut sa~d MORTGAGORS to receiva and use it or any parl th~~rroF 4or o:hrr ~.uri ~s~~s, :~:ri~;,,;t ih oi .vai.~ :3 e~ ~•np.,~r ~n3 any equ~ty, I~en or r~ghl under or by v'utue of th~s mcrgage; and in ~he event sa~d MORTGAGORS shall ;w any rcason fail 1o keep the sa~d prem~sas so Insured, or (dit to deGver pro~nptly any of said pol;cies of insurance to sa~d MORTGAGEE, or fai! p:omprly to pay fuily any prenuum theretor o~ in a~y rrspect fai! to perform, disChor~e, execute, effect, con~plera, compty wirh and a~a~de by th~s covenant, or any part hareof, sa~d MORTGAGEE may pface a•~o pay for such intur~ince or any parl thereof without waiving w afiecting any option, lien, equAy, o~ righ! undcr or by virtue o1 this Mo~tgage. and tht t~11 amount of each and every such pay~nent shall be immedia~ely due and payable and shall bear interest from ~ha date thereof untit pald at the rate o1 n~~~e per cantum per a~inuin and to~rth~~r N•ith svch interest shali be srwrcd by the lien of this mortgag~. 4. To permit, commit or sufier no waste, impairment or .deteriorat~on of said property or any part thereot. 5. To pay all and singufar the costs, charges and expenses, including a reaso~able atto:ney's fee and costs of abstrads of ti~le, incurred or paid at >ny t7n:e by s~~d MORTVAGEE, bece~se or in the event oi the ia~lure on the part of the said h10RTGAGOR to du;y, pro~»ptiy and fu1ly ~rforrn, d~sc~arga. ` =.~cuse, effeU, comp;ete, compty w~th and ab;dr by each and every the st~pulanons, agreemcros, cond~tions, and covenanrs of sa~d pro~ni>sory no~e and th~s Tcrtgage any or e~rhe~, a~:d sa:d cos~s, charges and eapenses, each and every, shall be imrnedia~ety due and payab:e; whether or not there be nonce ds and, attempt to coiiect or suit pend~ng; and the full amounl ot each and every sucFi payment shall bear interesr from the date thereof umil paid at the r r_~ o~ ~une per t~~n:vm ~~r on:~u:n; and al~ said costs, ch~~9es and ex~enses intu:red ot paid, togrther w~th such interest, shatl be secured by the lien ol th~s mcrtgage. 6. That (a) in 1he evenf of any b~each of this f~lortgage ar default on the part of the A10RTGAGOR, or (b) in the event any of sa:d sums of money herein referred to be n0f ~:N~~~~?t;y and Fully paid within th.rty {3J) days next a4ter Ihe sacie severa:ly become doe and payal~le, without demand or notice, or (c) in thr event each and evrry the stipuiatio~s, agreements, condaions and covenants of sa.d promissory note a~~d th~s mortgage any or e~ther are no1 j~:y, pro~nptly and iuily performed, d.scharged, executed, effected, completed, compE~ed w~th and ab~Jrd 5y, then in e~ther or any such eveM the said ag ?~egate sum mentioned in sa~d proinissory note then remaining unpaid, with interest accrued, and a3i moneys setured hereby, shall become due and pay ae'e fo~thw~th, or thei~af~cr, at the oprion of said MORTGAGEE, as fu11y and completely as if ali of ~he said sums of money were onginaliy st~pu~ated io be pa;d on such dcy, anything in sa:d prpmissory note or in this Mo~tgage to the contrary not,~vithstar.d~ng; and thereupon er lhereafter at the opt~on of z, cl MORTGAGEE, w~thout r.ot~ce or demand, suit at law or in equity, therefoce or thereafier begun, may be prosecuted as iF all moneys secured hereby r._ d matured pnor to ~ts mstitut~on. 7. That in the event that at the beginni~g of or at any time pending any su~t upon this Mortgage, or to foreclose it, or to reform it, or to enforce ~-ayment of any claims he.eunder, sa~d /:50RTGAG.E shal! apply to the Court having jur~sd:cr.on ther~of for tha appo~mmeN of a Rece~ver, such Co~rt shzil ~~~~hw~th appo~nt a recz~ler of said r~rtgaoed property all and sing~,ar, inc!ud,ng all and s~ngu!ar ~he income, p~ohts, issues and reven~es from whatever sc.~rce derived, each ar.d every oi wh~ch, rt be~ng express~y understood, is hereby morigaged as if spec~ficaily set forth and destribed in the granring and !~~~endum c+auses hereof, and such R.ceiver shall have atl the broad a~d effective funct.ons and powers in anywise entrusted by a Cou~t ro a Receiver, and s_:?~ appointment shall ~ made by wch Cowt as an admitt~d equity and a matter of absolute right to said MORTGAGEE, and w~thcut reference to the ad•~quaty or inadequacy o1 the value of the property mortgaged or to the so~venq or insoivency of said MORiGAGOR or Ihe defendants, and that such t rr"+s, profits, inco.ne, iswes and revenoes shaN be app~ied by such Receiver accordi~:g tu the tien or equity of said MORTGAGEE and the practice of such Court. 8. Te duly, prompt'y and fully perform, d~scha.ge, execute, effect, complete, comply with and abide by each and every the stipuletions, agreements, .~,,ditions and covenams ~n sa~d promissory note and ~hls mcrtgage set forth. 9. That in the event the o~vnership of the mortgaged pren,ises, or any part t~ereof, becomes vested in a pe~son other than the MORTGAGOR, the `S :'~RTGAGEE, irs su:cesso~s and assigns, may, wiiho~t no~ice to ti~e A10RTGAOR, deat w~th such su<cessor or successo~ in imerest with reterence to this ~-o•rgage and ti~e d_ut hereby securcd in the same manner as with Mortgago+ w~rno~t in any way vitating or discharging the Ilbrtgagori Iiability her~ <,+der or upon sh> drbt hereby secured. ho saie of the Frem~ses hrreby mortgaged ard no forbearance on the part of the I110RTGAGEE or its successors cr ass~9ns and no extznz~on of the time for the payment of the debt he~eoy secured given by the M.ORTGAGEE or it: successors or assigns, a~:alt operate ro re!ease, d,scharge, mod~fy change or affect the origmal Iiau:I~ty of the M~RTGAGOR herein, either irt whole or in part. 10. I~ is spec~f~calty agreed that time is oi fhe easence of this contract and that no waiver of any obligat~on hereunder or of the obligation se- c;;-ed hereby snali at any time ~hereafier be held to be a waiver ot the terms hereof or of the instrumeN sewred herby. 11. In aud tio , to the forego n,onthP~ paym:nts of p: ~nc pal and ~meresr requ+red by fhe prom ssery nwe secured hereby, mortgagor covenants d ay^r~es to pay •o r.:o-tgayee a.~th each monthiy F;aj~.~ent an add~:ional sum est~mated by mortyagee to be equal to 1; 12 of tl:e annual cost oF the follow- A-All rcal property tax;s lef~c•.-', or aesessed against the ahove desc.i5-d rc-al estate. 6 Pr~•.r;,~:~s on f~re and winastorn, insura~.ce as herein requ;red to be carried on the improvements situate on the above d_scri~d premises. C-Frem:u~-~s on such .T.G!~J.3C guaranty ir.sura~.ce as mortgagee shall froT rme to ~i+ne deem fit to carry on the ioan s^c~red hereby_ V!ortgagee s`~~`~ from ture to time notif~ mortyagcr in writ~ng of the amou~t due ond payable hereundrr and such surn shall thereupon be due and _ I~ ,.sbie on sh~ c?•~e ci.:re oi rh~ ne,t mon~h:y payn,_~~t and e~ch successive moNh thereafr_r ur.ti~ mcrtgagee sha!1 notify mo•tgagor of a change in such ~ ~unt. Such sums sFa:i L•e acp:'~rd by morrgag~~e to,vard tFe payment of re'al property taxes, insura~ice prem:ums, and mortyage guaranty insuraace f .~~•e~niums. ~ N ~`JITNESS '.'+HFREOf, the sa~d MORTGAGOR has here~nto set his har,d and seal the day and year first afo~esaid. i s igned, $ealed an e~ e~ed in ths presence of: ~ _ ~ ~~~~-0~'n (Seary . ~ 'tness ~ Vi o Palazzolo ~~,q ~ ~ tseaq ~i ss Louise Palazzolo ~~a~~ . S ~ ATE OF FLORIDA ~ ~OU'JTY OF _ _St . '-UC ~ Before me personally appeared VltO Pala2zolo and Louise Palazzolo his wife, to me weli known and known to me to be t:~a individuals described in and who executed the fwegoing instrument, and acknowtedged before me that they exewted tF~x same for the purposes +h^rein expressed. And the sa~d Louise Palazzolo ::;f~ of the said VltO Palazzolo , ~pon a separate and private =.am~nat~on by me taicen sepa~ate and auart irom her said h~sband, acknowledged to and before me that she executed said instrument freely ~ volum .r~'ry and w~thout any compu~sion, tonstraint, apprehens:on, or fear of or from her said husband. s~ ~ s July . 97~'~ WITNESS my hand and official seal this-. day of ~1 ~ ~ % n tary Public in and the Stat rge _ ~ ~ y Comm~ssion expires: • ~1 - ~ y ~ Return to: . , . • ` ` . • ' ~ First Federal Savings 3 loan Assoc+atlon :'_,);~:Sii}~y~~~3ii~ ~ O+ Furt P~t~~c'. KY , . C'•,k:~:,f . ~l+,rCi. ;`ai5 Fort Pierce. Fio:ida `r ~~•=~'~:c:• ''t,_ ,.ra,~ ~ fueo ~NO aECOR~Eo iT. LUCIE COUNTY LA. ~ ,1 c~ ~ ROGEA P4IIRAS ~ This Instrument Prepared By ; John W. Collit~CORO YERRfIED COU~~.....~. First Federal Savings & Loan Association ~ of Fort Pierce ~ F1Cdda 33450 i", 'O ~O ~u ~ WI. I7 Checked BY t~---- ~~ZQ~,,y~ .7 ~ r ~ 0 R ~U ~ ~ ; - BOOK ~~t - - _ t-- - w _ ~ ~ r~ ~ . _ ~ .1~~~-~:~-~ s~e . , . _