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HomeMy WebLinkAbout2370 3. To p!ace and continuousiy keep on fhe b~i!d~ngs now o~ hereatter ~ituate on said land and on alt equipment and personally covered by this mor age, w~th all pren~~;,ms ~hrreon pa:d in futl, hre insurance in ~he usual sta~ul~rd po'~~y Iorm, in a su~r ~Fproved by the MOR~GAGEE, and winJeto ~nsurante in ~hc us~al s~andard pol,cy form, in a sum approved by ~he MORTGAGfE, in svth tompan~ oi COmf~an~eS ai the AtORiGAGEE m d~reu; and all fire and w~nds~orm inswance pol~ues on any of said buitd~ngs, any interesl fherein or pan thereof, in 1he agg~egate s~n, atoresa3d in eacess ther~rf, shall comain the usual sta~~dard mortgagee dause or such other clause as rhe Mo~tgagee may requ~ro, mak~ng the ioss u~drr ta~d po c~es, each and every,.pa~~b!e to sa~d MORIGAGEE as its imcrrst may appear, and each and every suth pot~cy shall 4e promptly aasgned and de~iv~red ~ any h.:ld by sa~d ~ti".ORIGAGEE as funher s:curity to saiJ mortgage drbt, and, not less than ten (10) days in advonce of ~he expiraGon of each poGCy, to d. f~er to sa~d A10RIGr1GEE a ~encwat thereof, toge~her with a rece~pf for the prrmium of suth ienewal; and ~here shall be no i;re or windstoi~n insurant placed on any of sa~d 'o,~i!dings, a~y interesl there~n w part therrof, unless irt tlx form and with the bss payab!e as aiwesaid; aRd in the event any sun of money beco~~~es payable under such policy o~ poGcies said MORTGAGEE shall have ~he opt:on fo recaive and apply the sarne on accou«t o( ~he indabr~•d ncss Secured hereby o~ ta pe~n-.it sa+d MORiGAGOkS to receive and use il or any part ~harrof ior o:n~r ~:uif :.srs, ~vdi:out th_r~ u~ titini+i•~~ or ~~npoir- ~ng any equity, lien or r~ght ur.der w by virtue oi this rt~c:tgage; and in the ev~nt sa:d MORTGAGORS shall ;or any rcason fai~ to kcep ~he sa~d premisrs so ~nwr<d, or fail to def[ver pra»pt(y any of said pol~cies of insurance to sa~d ~dORIGAGFE, or fa,l proinptiy to pay iulty any pre~n~um therefor o~ in any respect fa~t to per(orm, d~scharge, execute, effec~, complete; comply wi~h and abide by this covenant, o~ any part hrreof, said MORTGAGEE may p~ace a~~d pay for s~ch insur.~nce er any parl thereof wirhout waiving or affecling any option, fien, equ~ty, or right under or by virtue of this Mo»gage, and thc t~;l a,nounr of each and eveiy such payment shall be immediately due and payable and shall bcar interest from tho date thercof until p.:id at the rate ol nine per cunt~m pe~ annu~n ~nd to~ethcr with suth i~itcrest shali be seturcd by the lien of this mortgage. 1. To permit, commi~ or sufier no waste, impainnent w deteriorat~on of said property or any part the~eof. 5. To pay all and singular the costs, charges and expenses, inctuding a ~easonable attorney's (ee a~d tosts of abstracts of f~tle, incurred or paid at ~~~y fi~f:e by sa~d MORTGAG~E, because or in ~he event of the faiture on the part of the said MORTGAGOR to duly, promptly and fully perfo:~n, d~scharge. .ccute, efiect, compiete, comply w~th and ab:de by each and ever~ th~ stipulanons, agreements, condieons, and tovenants of said p~omissory note and thls ,~rrgage any or e~ther, and saEd costs, charges and expenses, each and every, shall be immediately due and payable; whe~her q not there be notice dr r..,,nd, atre:npt to collect or wit pend~ng; and ~he fu~l amount of each and e~ery such payment shall bear ir~terest from the date thereof until paid at the u• n~ne ue~ c,.•n;~n, Fnr an~~.; and all said costs, charQes and ezpenses ~ncurred or paid, rogerher w~th such ;nterest, shall be secured by the lien of th~s ~ m ortgage. 6. Tha? (a) in the evenl of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b)-:rt'1he evenf any of said sums of money h~~rein ref~rr~~d to be not pro~,~ptly and fully paid within th~rty (30) days ~ex~ after the same severa:ty betorne due and payable, without dernand or notice, (c} )n fhr event each and every the stiputatiorts, agreements, conditians and covenants of sa.d promissory note a~~J th~s nwrtgage a~y or either are not iuly, prompNy and fulty performed, d~scharged, exec~ted, eifected, compteted, compGed w~ih and ab~ded 5y, then in e~~he~ or any such event the said ag- ~r~gate sum mentioned in sa]d promissory note then remaining unpa:d, wi?h intersst accrued, arx! atl mo~eys secured hereby, shall become due a~d pay- a!orth.vith, or thereatter, at the opt~on of said MORTGAGEE, as futly and completety as if aIl oi the scid wms oi money were original~y st~putated 'o be F~a.d o~ such d~y, any~hing in sa:d promisswy note or in this Mortgage to the conrrary nohvirhsrandi,~g; and thercwpon or thereafter at the op~~on of s~:f btiORTGAGEE, w~rhout nor~ce or demand, suit at law or in eqwty, therefore d thereafier begun, may be prosecuted as if all moneys secured hereby r~d matured pr~or lo its inst~tut~on. 7. That ~n the event ihat at the beginning of w at any time pending any suit upon this Mortgage, or to foreclcse it, or to reform it, o? to enforce ,-~ymen? of any cl3ims h~reunder, said MORTGAGEE shall appiy to the Cour~ having juriid~c~:on ~hereof for the appointment of a Receiver, such Court shal) io,!hwiih a~po~nt a receiver of said mortgaged property atI and sin~ular, in~lud,ng all and s~ngular ~he income, profi~s, issues and revenues from whatever ~~ce de~ived, each and every of wh:ch, it being ezpress~y unders~ood, is hereby mo~rgaged as if spec;fically set for~h and deu~ibed in the g~anting and ..:;z•n;lum clauses hereof, and such Receiver shall have alI the broad and effect~ve ivnchons and powers in anyw~se eovusted by a Court ro a Reteiver, and __n appointment shaU tx made by such Court as an admitted equity and a matter of absolute :ight to said MORTGAGEE, artd without aeferente to fhe :_a:,aty or ireadeqvaty of the value of the property mortgaged or to the so.vency or inso,ve~ty of said MORTGAGOR or the defendants, and that such • rs, protEts, incane, issues and revenues shal{ be applied by such Receiver accord~ng to the lien a equity o( said MORTGAGEE and the practice of suth CourL 8. To dufy, prompt:y and iully perfo.m, d~scharge, execute, effect, complete, compty wieh and abide by each and every the stipulations, agreements, ~::d~tions and covenants m sa~d promissory note and th;s mcrtgage set forth. 4. That in the event the ov.nership of tfie mortgaged premises, w any part thereof, becomes vested in a person other than the MORTGAGOR, the ~ATGAGfE, irs succ~•ssors and assigns, may, wi~hou~ nmice fo the NIQRTGAOR, deai with such successor or successor in inte~est with ~eference to this .•~gage and the d_ui hereby secu.ed in the same manner as with Mortgago. without in any way vit~ating or d~scharging the Mortgagors" liability t?ere~ _ d~r or upon th~ d:>bt hereby sewred. No sa(e of the prem~ses hereby mortgaged and no farbtarance on the part of t}re /.10RTGAGEE w its successors . r ass~gns and r.o extzm~on ot the time for the payment of the debt hereby secured given by the MORTGAGEE or iis successws or assigns, ataall operate o re!ease, d~scharge, modify change or affed the original liab~l~ty of the MORiGAGOR hereln, either in whole or in part. 10. It is spec f~calfy agreed that t~me is of the essence of this conuact and that no waiver of any obGgatton hereunder or of fhe obligation se- :::red hereby shah ar any time tncreafter be held ro be a waiver of the terms hereof or of the instrumenl secured herby. ` I1. In ~;id i[c~ to tF.e forego'nq month!y paymems of princ pal and intcrest required by the prom'swry no!e sec~red h2reby, mortga~or eovenants ag~ces to pay ro mcrtyagee v.oh each monthfy payr.tent an add~r~onal sum esr!n:a~ed by mortgagee to be equa~ to 1, t2 of t6e an:wal cost of the foltow- A-s:!! ~eat proper.y tax~s le•~ied or assessrd aga;•~st thc above described real estate. E- Pr~~n:~ums oa ihe and v,indstorm ]nsurarce as herein req~;~ed to be carried on the improveme~ts s~tuate on the above de5cribed premises_ G-Pre:r;u~~ s o~ wch mortgage guaranty ir.surar,ce as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. /,"ortgagee s~~a:l from t;me to time norify mortgagor in wriring of the amoc,~t due and payable hereundr? and such sum shall thcreupon be due and •:b'.e on the uue ciare oi the next month:y paymem and each successive month thereafter ur.tit mcrigagee shall notify mortgagor of a thange in such ~,~nt. Such s~:ns sFa:i be upF~;icd by mortgagee toward the payment of real property ta:es, insurance prem;ums. and mortgage guaranty insurance . e•r.iums. IN '1 ~E55 :':HERi. F, th said O TGAGOR h?sereunto set his ha~d and seal the y and year first foresaid. ~j ` Sealed~eli ' presence C?-O an _ , s h Ant on urcio r. ~sn - ' ' cs~n ' ~ N nc C io ~ - - (Sea1) S':.TE OF FIORIDA ~ St. Lucie ~ ~JUNTY OF ~ BeEore me personally appeared Joseph Anthony C~zeio, .11• a~ f HaAC V E. ~1ZC 10 his wife, to me well knawn and known to me to be ind~viduats descr~bed in and who executed the for oin~ instrument, and acknowtedged before me that they executed the same for ths purposes ' ^~~~ein expressed. And the :a~d_ Naney ~~GLlYC10 r. j.~ os ~he sd~d Joseph Anthony Curcio, .IY. ~pun a sepa'rb~eand private ~,•n~r.at:on by me raken separate and apart from her said huaband, ackrrowledged to and before me that she executed said iAst/tirt?~qt~~fr~eJfr ~wt~ w?un- ~;y and w~thout any compufsion, constraint, apprehens~on, w fear of or from her said husband. WITNESS m.y hand and offic+a! seal thes__ 1St day,~of Au uSt -_~q, p•j .7~~ , : ' _ ' i - Notary Pubiic in and for SIatQ Fbrid~ at rgt+. ' , . ~ _ My Commission eapire • , ~w; _ ~qr£ ' Return To: : . ~ . ; •.:Y ~....'y.~~~,.,-._ . ~',4..~-7, { F;rv Federal Savings b Loan Association ~ ~ - ^ ; . : ~f forl P~.. ~ -..Gw ~:.r~n.b! ~ Y I.ir.n..r.'_:~ li:~._~~l,::c's. ~ . , i Fort P;~~ce. Flor~d.j ~~?t.j4516 '~'~ir. . . i,z ~p-~s F1LEC aNt~ ?~coRDED This Instr~mens Prepared By John W. Collins ST. tUClt .;G~JNTY F~~, First Federal Savings & Loan Association R~~E's F~~TRAS CCEF.K C:'.~(1~! CWRT ~ of Fort Pierce ~ FlOridd P.FGO= ~ yC~ ~~Ef ~ Checked By 11(14 1 Z o2 PM ~ 1 Z ~ 80~204 ;S ~ x ~ ~ ~ . - _ . . . .