HomeMy WebLinkAbout2502 3. To place and conrinuously keep on ihe bu~'d~ngs now w hereaiter s~~uate on sa=d land and on al~ equipment and personally cove~ed by this ma
age, with all prem~ums thrreon pa~d ~n futl, 1~re inwrance ~n ~he uw~t sranderd poGcy form, in a nwn appro~ed by tha MOR+GAGEE, di~d winds~o
:nsurance in the usuat st,~ndard pol.ty iw~», in a sum approved by the MORTGAGEE, in wch tompany or tompan~es as . the MORTGAGEE m
dnect; a~d aU (i~e ar.d winJstorm iniurance policies on any of sa~d build~ngs, any iNeres~ therein or part thereof, in Ihe aggrz9ate sum aforesaid
in eacess ~hereof, s~~all contain the usual sta~~dard mortgagee clause o~ such other claux as lhe Morfyagee may reqv,re, making ~he lou under s.~~d po
ues, each and eve~y, payable w said h~ORiGAGEE as ~ta in~errsi may appear, and each and every wch po~~cy shall be prompr!y ass gnrd and deliverEd +
any held by sa~d h10R(GAGEE as {ur~her sewri~y ~o said mortgage drb~, and, not less than ~en (tU~ days in ad~e~~ce of the ex~uar;on o1 each poGcy, to d~
Gver io said MORTGAGEE a renewal thercoi, roge~her wi~h a ~eceipt for the premium e1 such ronewal; and ihere shall be ~0 1~~e o~ wu~dsto~m inwranc
plated on any of said buil~~ngs, any inte~est therei~ or parl ?hereof, unless in the form and with the loss payable as afcreaaid; and in ~he event any sun
of money becanes payable under such poiicy or poGc;es sa~d MORTGAGFE shaJl have ~Ae opr~on ro rece~ve and app!y the sa~~~e on accou~~t o( the indrb~ed
ness sec~~ed he~eby or to perm~t sa~d MORTGAGORS to recrive and use it or any p, rt the:<wi for a;i,~•r ~,;,r; csrs, v,~~hc~t th:•~ .v.:~~~ c~ ~mp..i~ }
~~~g any ~qu~ty, lien w.ight under or by virtue of thia mo:tgage; ar+d in the event sa~d h10RTGAGORS shal) for any reason fael to kcep the said prem~s~s so ~
~ns~red, or iail to de~~vea p~anptly any of said pol~cies ol insu:ance 1o said MORTGAGEE, or fai{ p~omptly to pay f~~ly any pre~~~~~m the:etor or in any
respect fail to perform, discharge, execu~e, effect, complete, comply wi~h and abide by this cove~ant, or any part hereof, said MORTGAGEE may place a~d '
pay tor such insurance or any part the~eof wirlaut waiving or sflecting any opfion, lien, equify, or righ~ unde+ or by vi~tue of ihis Mo~tga9e, and the y
f~11 amounl o( each and every such payment shall be immediately due and payable and shall bear inte~est from tha date thereof untii paid at ~he rate ol #
~~~ne per centum per annum and to7rthar wi~h suth interes~ shati be secured by ihe lien of fhis mortgage. j
To permit, commit w suffer no waste, impairment w deterioration oF sa'rd p~openy or any parl thereof. ~
S. To pay atl and singutar the costs, cl+arges and expenses, including a reasonable attuney's fee and costs of abstracts of t~tle, incu~red oi paid at j
any ti~r.e by said MORTGAG:E, because a in the event of the failure on the part of ~he said MORTGAGOR tc duly, promptly and fully perform, discharqe, ~
execute, effec~, comptete, comply w~th and nb;de by each and every the stipulahons, agreemenrs, conditions, and covenants of said promissory note and ~his ~
•~:or~ a e an or ei~her, and said costs, char es and ex nses, each and ever shafl be immediatel due and f
9 9 y g pe y, y payable; whether or not ?here be no~~ce d~
mand, attempt ~o cotlect or suit pend~ng; and ~he ful) amoum of each and every such paymem shall bea~ interest From the date theaeof umi! pald at rhe ~
r•~•~ ot nine per centwn pcr an~w:n; and all said costs, charges and ex~xnses incurred or paid, together w~th such interes?, shall be secured by 1he lien of thii ~
mortgage_
6. That (a) in the event of any breach of this Mortgage or default on the pa~t o( the MORTGAGOR, w(b) in the event any of satd sum~ of money ~
herein referred to be not prornptly and (ufly pard within ~h„ry (3~) ddys ~exf af~er the same severatiy become due and payable, w~~hout demand or notice,
or {c) in the event each and every the stipulations, agreements, co~d~t~ons and covenants of sa:d p~wnissory ~ote and th~s mo~lgage any or either are not
iuty, p~omprly and (ully pe~formeci, d.schargzd, execured, eifected, completed, compl~ed wifh and abided Sy, then in e~~her or any :uch event the sald ag•
gregafe sum mentioned in sa~d promissory note then remaining unpa~d, w~th interest accrued, and a~~ moneys secured hereby, shall become due and pay-
ab;e forthwirh, or thereafter, at the opticn oi sa~d MORTGAGEE, as fully and complete~y as it alt of the said sums of rtwney were or;ginally s~~pvlared
ro be patd on such day, anything in sa:d p.o:a;ssory note or in th~s Mortgage to the contrary notwi~hs~andu~g; and thereupon a~hereafter at rhe op~~on of
s,!d MORTGAGEE, without norice or demand, suit at law or in equity, thereFore or thereafter begun, may be prosecuted as if all moneys secured hereby
n_d maWred pr~or to ~ts ins~~tunon.
7. That in the event that ar the beginn~ng of o~ at any time pending an~ suit upon this Moctgage, w to forectose it, or to reiorm it, or to enforce
paymenl of any daims hereunder, said MORTGAGEE shall apply to the Court having jur~sd~aion thereof }or the appointment of a Receiver, such Court shail
fo:thwith appoint a ~eceiver of said mw?gaged property all and singular, inctud~ng all and singvlar the ertcome, p~of~ts, issues and reven~ea frortt whatever
so~rce der;ved, each and every of wh:ch, it being expressly understoad, is hereby mortgaged as if speulically set iorth and destribed in the granting and
I,sbendum c~auses hereof, and such Receiver shall have aN the broad and effective funct.ons and powers in anywise entrusted by a Court to a Receiver, a~zd
s_ch appoinrment sha~l be made by such Court as an admitted equity and a matter of absolute right to sa~d MORTGAGEE, and without reference to the
adrquacy or inadequa~y of ~Ae vatue of the property mortgaged or to the so:vency or insolvency of said MORiGAGOR or the defendants, and that such
re•~rs, profits, inco~ne, issues and revenues shai( tx appfied by such Receive. accordi~ig to the lien or equify ot said MORTGAGEE and the practice oi such
Court.
8. To duly, promptly and fully perform, d~scharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements,
conditions and covenams in sa~d promisswy note and th~s mongage set fwth.
9. That in the event the ownership of the mortgaged premises, or any part thcreof, becomes vested in a pcrson other than the MORTGAGOR, the
h•,QRTGAGEE, its successo~s and assigns, may, withou~ notice to the AtiORTGAOR, deat with such successor o~ successor in interest with reference to this
mo~tgage and the deot hereny secured in the same manne~ as with Idortgagor without in any way vitiating or dixharging the lAartgagors'~tiability here
under ar upw~ the debr hereby secured. No sale of the prem~ses h,:reby mortgaged and no forbearance on the part ot the MORTGAGEE or its sutcessors
or assigns and no exre~sion of the time for the payment of the debt hereby secured given by Ihe MORTGAGEE or its successors or ass~gns, a~~all operate
to refease, d~scharge, modify change or affect the origina! liab~t~ty of the MORTGAGOR here+n, either in whole a in part. -
i0. It is speuficalty agreed that time is of the essence of lhis contract and that ~o waiver of any obligat~on hereunder or of ihe obli9ation se-
cured hereby shall at any time thtreafter be hefd to be a waiver of the terms hereof w of the instrument secured herby.
I1. In add.tio~ to the forego'ng menth!y payments of princ'pal and interest requ~red by the prom~ssory no!e secured he~eby, mortgagor tovenants
>~~.d agr~s to aay to mo:tgagee with each monrhly payr~ie~t an add~rional sum est+n:ated by mwtgagee to 6e equal to 1 j 12 of the annual cost of the follow-
~ng:
A-All real property tax~s lev~e~ or asseszed agai~~st the aoove desc~ibed real esta±e.
B-Prrn;~ums oa fire and windstorm insurar.ce as herein ~eq~~red to be carried on the improveme~ts s:tuate on thc above described premises. o
C-Premi~ms on suth mortgage guaranty ir.wrar~ce as mprigagee sha(I frum t;me to time deem fit to carry on the loan secured hereby. '
Mortgagee sha!I f.cm time to t~me notify me.tgaoor in writing of the amount due and payable hereundrr and such surn shal~ thereupon be due and
;.;,atle on the due date of tFia next momh!y payment and each successive momh thereaitc~ ur.tii mortgagee shall ~otify mortgagor of a change in such
aunt. ~ch sums sha:i t~e ap ied by morrqagee roward the payment of real properry taxes, i~surance prem:ums, a~xl mortgage guaranty insurance
~•emi S.
IN 'lITNESS Y+Hf the said MORTGAGOR has hereunto set his hand and seal the day and year first afaesaid.
$~e d iv in~ presence of:
a
_ J . oma su 1 ~~a~~
- a~)
Catherine Tomasuio ~~a~
SiQTE OF F[ORIDA ~
u_
COUNTY OF
Before me penonally appeared Jerrv G. Tomasulo
and
Cdt~l@Y1lle Tomasulo his wife, to me we11 known and known to me ro be
I the individua;s described in and who executed tFu fwegoing instrument, and acknowledged before me that they executed the same ior the purposes
~ therein expressed_ And the said Catherine Tomasulo
i
.v~fe of the said Jer= G. Tomasula upon a separate and privste ~
e<aminat~on by me taken separate and apart from her said husband, atknowtedged to a befw me ihat she ex t saed rnstrument fteely and volun- ~
ra~,ly and w~thout any compuision, cons?raint, apprehen ion, or fear of or from her husba .
I WITNESS my hand and official seal this day of U D: 19 72
Notary ~c in r the St~t! of.•~foriila at L~rge
My C ssi ire : i
Retom io: . - _ ;
First federal Savings b Loan Assaciat~on ~ -
or Fo.+ P.e~cE. NOi~.N.Y PJ^LlC,~ ST1T° i1F F!0':tD~ M?
~E'~`_~ ~ i
Fort Pierce, Florida h1Y CG!:it.SISSION C:!PIRES NOY.`~,'•1~73 j
BONOED 7(!.^.J Fi:~U ~Y. DiF~.'t_-Y..:.ti
'i' ' . •
234613~ ° ~ ~ . .
! Tf~is Instrument Prepared By Richard K. Kayes FILED A11C' flEC0R0ED ~
~ First Federal Savings 8 loan Association ST.IUCI[ iOUNTY FLA. c~
of Fort Pierce , Florida ROCEn ?~~TRAS
CLERK C~t~,CU~T COURt ~
~ Checked By RFf,AR''~ Yf='r!EO '
~ -
A~ 3 2 os PM'11
B~Ztl4 ~2~~'i _ .
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