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3. To placr and continuovsly keep on ~he b~~'d~~:gs now or hereafter situate on sa~d land and on a?~ .~qu~p:~~ent and persc~ally covered by lhis mo~ t
a9e, wlth all premi~mi thrreon pa d~n full, fi~e insvranca in the usuai stand~rd po~~cy form, in a sum aFp~o~ed b~ the MUR~GAG~E, and w~ndsto ;
;ns~rante in tha usu~l si.~:ida:d po1•cy fo~m, in a sum approved by the MORTGAGEE, in such company or con.pan;es as the F.tORTGAGEE m
d~rect; and ali i~re a~.d w~ndswnn ~ns~ranca poGc~es on any of sa~d bu~id~~gs, any inrorest it~eir~n or part thereof, in the aggreyare w~n ato+esald
fn excess ~hereo(, st~,~l1 :unr~~n rhe u:~.:l sra„dard mortgsgea ciause or su:h orher clause as the h~ortgagee may requ.re, ma?1ng ~hr ~oss under sa~d po
c:es, each and cyery, payab!e to sa~d ~~10RiGAGEE as as in~errst may appear, a~d each and etiery such poticy Sha(1 be promylly ass g~ed a~~d deliY~red ~ ~
any held by sa~d A10RfvAGiE as f~rther secu~ity ~o said matgage dabt, and, not tess than ten (10) days in ad+ance of ~he expi~oho~ of each pol~cy, to d~ ~
l,ver to sa~d A10R?GnGEE a r~uevvsl thereof, toge~hrr w~th a rete~p~ for the premium of such renewa,; and thr:e sha(1 be no f~re or wi~~dstonn insuranc ~
~.~crd on an ol said bu~Id~n s an interest therem w ar? thereof, unless in the form and with ~he loss ~
P Y 9. Y p payable as aforesaid; and 7n the evanf any sun
of money becOmes payable unde~ such pollcy or poLc~es sa;d MO~TGAGEE shall have fhe opt;on eo reca~ve and appiy ti~e sa=~ie on accoun~ oi the i~idrbt~d
ness sec~rzd FKreby or to peron~t seid tdORiGAGORS to recaive and use it or any parl tl~r:sof for c;n• r ~.Ut~ pSE•S, ~v.~Flp~f ~h,~: o; ~~.:~vL~~ ~r ~~~~p,.~r
;ng any equ;ry, Gen w~~9M undrr or by virtue of tt,is mccrgage; and in the event sa~d MORIGAGORS shall :or any reason fail to kzep the said prem~ses so
~nsured, or lail to deliver promptly dny of said poGcies of insura~ce 1o Said MORIGAGEE, or t~il p:omptly to pay fvify any pr~mivm Iherefor or in dny ' i
respect fal to pe~form, d~scharge, eaecurr, effect, complete, comply with and atide by this covenant, or any part hrreoF, sa~d MGRT(',AGEF inay p~ace a•~o
p~y fo~ such insurartce o? any part fhereof w~fhout waiving or affecting any option, fien, equity, or r~ght under a b~r virtue of this htortga9e, ar.d thc '
f;,:l amount of each and e.ery such paymaM shall be immediately due and payable and shall bear interes~ iran +he date thereof unril paid at the rate ol
n~ne pr? centum per annvm and to~_•rh~•~ v~ith w.h inreresr shali be sacured by the lien pf lhis mortgage. '
To permit, commit or suffer no waste, impairment a deter~oration of said property or any pan thereof.
5_ To pay all and singutar the costs, cha~ges and ezpe~~ses, including a reasonable a~to~ney's fee and costs of abstracts of titte, incur~ed or paid at
~ny ti~ne by sa~d MORTGAG;E, because or in the event of tF.e failure o~ the part of the said MORTGAGOR to duly, promp~ly and fu~ly pertorm, dacharge.
~.ccute, e(lect, comptete, tompty w~th ar~d ab:de by each and eve?y the st~pularons, agree~~~ents, cond:'f~ons, and covenanfs of sa~d pro:n~ssory no~e and th~s
~.o~rgage any or e~~her, and sa:d costs, ~harges and expenses, each arxf every, shaN be immrd~ately due and payable; whether or not there be not~ce d~
~nd, attempt to collect or wit pending; and the full amcuro of each and every such payment shalt brar interest from the date tbereot until pa~d al the
o~ n~ne pe~ cantun, y;~~r an~~u:»; anc al. sa~d cos~s, cha~ges and exprnses ~ncurred or paid, togzther ~v~th such interesl, shall be secured by the 11en of th~e
,:o~~gage.
6. That (a) in the evznt of any breach of this Mwtga9e or deFau(t en tFr pa;t oi the MORTGAG~R, or ib) in the event any c+f sa:d sums of money
}~,c•;n ieferred to be nof pron,ptty and fully paid wirhin th;r;y (30) days next after the same severa'!y 6ecome due and payable, without demand or notice,
or ,c) in tF~r event each and every the st~pu~atlons, a9reements, cond~t~on= and covenants o! sa,d promissory note and ~h~s mortgage any or either are not
f~:y, pro:nptly a~d tulty per~ormed, dscharg~, execured, effected, completed, complied wi~h and abrdrd yy, then in e~ther o~ any such event the sa~d ag-
~•~=~a!e sum menuoned in said promissory note then remain~ng unpa~d, with interest accrued, a~d ati moneys secwed he~eby, shati become due and pay-
e forth~rv~th, or thereal~er, at the oprion of said A10RTGAGEE, as fully and rompiefety as if ail of tt,e said wms of mortey weae or,g~naily st;pulaied ;
!o be pa:d on such day, anything in sa:d p~o~n~sswy ~ote or in this Mortgage to 1he contra:y not.vithitdnding; ai~d tFmreupon or Ihereafter at the op~~on of
s:1 NIORTGAGEE, wi~ho~~ not~ce or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys sec~red hereby
r. .d matured pnor to ~ts insYrt~rion. .
7. That in the event ?haf at the beginning of or at any time pending any suit upon this Mortgage, or to foreclose it, or to reform it, or to enforce
paymero of any tiaims hrreu~drr, said MORTGAGEE shall apply to the Court having ~urisd:aion thereof ier the ap~omtment of a Receiver, soch Court shaf(
t,;: th.vith appoint a receiver o~ said mortgagc-d proprrty afl and singular, includ~ng aJl and sing~far the income, prof~~s, issues and revenues from whatever
s_ ~•ce derived, each and every of wh.ch, if be~ng express!y unrlerstood, is herEby mw~gaged as if spec~fical{y sel for~h and deuribed in the granting and
i..,:,end~m c!auses her~of, and svch Receiver snaN have alt the br~ad and effecrive iunc~.ons and po.vers in anyw~se e~trusted by a Court to a Recriver, and
s_ :h appo;ntmenf shall be made by such Court as an adm~tted equity and a matter of absolute right to said MORTGAGEE, and without reference ro the
`dravacy ar inadequacy ot the value of the pro~erty mortgaged or to the so~venty or insolvency of said MORTGAGOR or the defandaRts, and that such
~ts, profits, inco,ne, issues and revenues shali be appiied by such Receiver acco~di~ig to the lien or eq~ity of said MORiGAGEE and the practice of sucfi ~
Court.
8. To du'y, promptly ar.d f~lly perfor*n, discharge, execute, effect, complete, comply w~th and abide by each a~d every the stipulations, agreements, ~
c~nd~tions and covenams ~n sa~d promissory nate and this mortgage set forth.
9_ That in the event rhe ownership oF rhe morlgaged premises, or any part ihereof, bacomes vested in a peraon other than the MORTGAGOR, the ~
:'~kTGAGEE, its wccessors and ass~gns, may, without notice to the MORTGAOR, deal with such svccessor or successw in interest with refere~ce to lhis ~
~ c-rgage ar.d the deot hereby secured in the same manner as w~th 1Llortgagor w~~hout in any way vir,ating or d~scharging the Mongago~s' leab;l;ty here-
der er urron the debt hereby secured. No saie of the premises he~eby mortgaged artd no forbearence o~ Ihe part oi the MORIGAGEE or its sutcessors
o~ ass~gns and no earers~on of the t~me ior the paymem of the debi here6y secu~ed given by the MORiGAGEE or its wccessors or assiyns, a~iali operate
ro re!ease, dacharge, mod~fy ~hange or affect the orig~na! liab+Lfy of the MORiGAGOR herein, either in whole or io part. _
10. !t is spec~ficalfy agreed that time is of the essence of this contract and that no waiver of any obligat:on hereunder or of the obligation se-
cured hereby shalt a~ any time thereafter be he:d to be a waiver of the terms hereof or oi the instrument sxured herby. ~
l i. In a;id:tlo~ ao the forego ng ~rwnti~!y paym_nts of princ paf and interest required by the prom:ssory no!e secured hereby, mortgagor covenants
.t agrees ro pay to n:o•tgag-_e K~rh each mo,irh'y pay~ :ent an add~tional sum est::r ated by mortgagee to be eyual to 1. 12 of t:tie annual cost of the foflow- ~
J A-Atl rzal property taxrs teviec'. or assetsca agai•~st ihc above desvibed rea? estate. ~
B-Pr:m~ums on fire and w~r.dsrorm ~nsuraece as herein requ:red to be carried on the ~mproveme~ts s~tuate on the above dezcribed premises. ~
C-Prem~ums on svch mortg:;ge guaranty ir.sura~.ce as mo~tgagee shall from time to time deem fit to carry on the loan secured hereby. ~
Alortgag~e sha.t frc~n ti•ne to ti~ne notif~r mortgagor in writing of the amoum dve and payabte hereundar and wch surn shalt thereupon be due and :
.,,able on fha dve da~e of ~h? ne~t month:~ payment and each successive momh thereafter u:.tii mertgagee shatl notify mortgagor o( a change in wch
,un!. Such su:ns sFe:+ be ap;.':ed by mortgag~e toward the payment of real propeny taxes, insurance prem:ums, and mortgage guaranty insurance
. . ~:iu~7is.
IN ~VITNESS `J:HER~JF, the sa~d RAORTGAGOR has hereunto set his har.d and seal the day and ye i t aforesaid.
S~gned, Sealed and de~ivered i~ the presence of: ~
(Seal)
t ck Ro
, - csean
ti
ol o cs~an
tSean
S'>,7E OF FLORlDA ~
~:;UNTY Of Sti• LLIC~.@
1
Before me persona:iy appeared patriek Rpgolino a~
e~OyC@ ~Ug02~.110 his wife, to me weU known and known fo me fo be
a ind~vid~als described in and who executed the foregoing instrument, and acknowledged before me that they executed the sam~s~.fp~r the purposes
~h~_-ein eapressed. And the said_. aTdyCA RO~OZ~.YlO ~k :
Patrick Ro ~ ` c~L ~T
:.:`e ef the sa~d g lino ,tifiQrvs~s~p4Tate.;hd pri4ste
~=e~n~nat~on by me ta4en separate and apart from her said husband, eckrawledged to and before me that she executed sa`cf ~Asf:utfient~eely and-vol~ip-
~~:,y and w~thout ary com~uision, const~a~nt, apprehensi~i~ fear of or from he~ said husband. `
WITNE55 my hand and o(fiual seal this_ ~'~l • da of Ju Q~ D.
9' ?2 .
_ _
_
Notary Public in and for th ati 6P id~~t ~i ge ~
My Commission e:pires: ; ' ~ ~
Retum To: YQTAAY ~ o~
y;~ ~t~ Y! ~t lA,. ~E
First Federal Savings 3 loan Association ^ ~ f 'i' ' ab~. zg, 1975
Of Fcr! P 11!Y G:, ?i„ , '~il
c:ce. z ~ ~c,.e,r,.-:• c:e~~j~y~t.~~.. . ..n:~..,r: ;r.:.
Fort Pi=rce. Ficnd3
f 1LE0 ~?KO aECORDEp ~ ~
iT. LUC1E COUNTY FU?• t
ROGER PO~TitAS
CLERK Cti.CUi~ COU1~T
This Instrument Prepared By JO}121 W. COIl~iS RECORD'~~'~F~EQ '
Firsf Federal Savings 8~ Loan Association ~
of Fort Pierce ~ F14I'i.d3 1..~ ~j ~Q cjl~ ~~Z
W1.
Checked By _ ~ ~ R /.,V4 ;
23~{~$ J eo~K PASf ~
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