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Home My WebLink About1846 • a . 3. To place and continuously keep on the bui!dir.gs now or hereafte? ~ituate on said land and on all equipnxnt and personally covered by this ma . ega, w~rh all premiums thereoe pa~d in full, fire inswance in the usual srandard potity form, in a sum approved by the MORIGAGEE, and windsto ~~;surance in Ihe usuat s+andard pol;cy fam, in a sum approved by ths MORTGAGEE, in such company or con+pan:es aa the MORTGAGEE m d~recr and all (ire and w~ndsto~m insvrance po~~cies on any of said build~ngs, any interest ~herein or part thereof, in the aggre9ate sum atoresaid in excess thereof, shall contain the usual s~andard mcrtgagee clause w s~ch other t~ause at the Mortga9ee may requ~rs, making the lo~s undrr sa~d po c~es, each and every, payable to said 610RTGAGEE as ~ts interes~ may appear, aRd each and every ~tvch poiicy sl~all be promptly ass gned and del~ve~ed ~ any held by sa~d MORTGAGEE as iunher security to said mwtgage debt, and, not leu than ten (10) days in advance of the expirat~on of each pol~cy, to d~ # l~ver to said MORiGAGEE a renewal the~eof, together with a rete~pt ior the premium of such renewaf; and there shall be no iire or wi~~dstor~n insurant ~ p!aced on any of said build~ngs, any interest there~n or part thereof, un!ess in the form and w~ih the loss payable as aforesaid; a~d in the event any su~ of money becomes payable under such policy w po~~c~es taid MORTGAGEE shall have ~he op~~o~ 1o receive arrd apply the same on account of the indeb~ed I ness secured he:eby or fo permi~ sa~d MORTGAGORS to receive and use it w any parl thereof for o:ner purpaies. v~~~hout Ihcrii» waw~.~~ o~ ~mpau } ~ng any equ~ty, lien w right u~der or by virtue of this mor'gage; and in the event sa~d MORTGAGORS sha!1 for any reason iail to keep the sa~d premisrs so ~nsured, or fail to deliver promptly ~ny of said policies of insurance to said MORTGAGEE, u fail promp~ly to pay fully any pre~r~wn lherefo~ or in a~y respect fail to pe~form, d~scharge, execute, etiect, complete, comply with and ab~de by thia covenanL a any parf hrreof, said MORTGAGEE may piace a~~d pay tor such insurance or any part thereof without waivi~g w affecting any option, lien, equity, or right under o? by virtue ol this Mortgage, and tht tull a~noun~ of each and every such payment shall be immediately due and payable and shall bear interest from the date thereof until paid at ~he rate o1 ~,~ne per cenrum per annum and to~e~her with such interest shali be secured by the lien of this mwtgage. 1. To permit, commit w suffer oo waste, impairment or deterioration of said propaty or any part thereof. S. To pay all a~d singula~ the costs, charga and expenses, including a reasonable anwney's fee and cwts of abstracts of title, incurred or paid at any time by said MORTGAG:E, becauu o~ in 1he evenl of the failure on the part of the said MORTGAGOR to duly, pramptly and fully perfwm, d~uharge, e.ecufe, efiect, comptete, comply w~1h and ab:de by each and every the st~pulations, agreements, condi~lons, and covenants of said pranissory note and this ,:ortgage any or ei~her, and said costs, charges and expenses, each and every, shall be immediately due and payabte; whether w not there be not~ce dr r„and, atte~npt to collect or suit pendmg; and Ihe full amount of each and every such payment shall bear interest from the date thereof until paid at the ~e o+ nine per centum per annum; arw all said costs, charges and expenses inturred or pald, together wAh such interest, sha~l be setured by the lien of thi~ moregage. , 6. That (a) in the event of any breach of this Mortgage w default on the part af the MORTGAGOR, or (b) in the event sny of said sums of money herein referred to be nm promptly and Fully paid within thi~ty (30i days next after the same seveia:ly become due and payabte, without demand or notitq ; cr (c) in the event each and every the stipulations, agreements, conditions and covenants of sa:d promissory note and th~s mortgage any a either are not ; i~~~y, promptly and fully performed, d~xharged, executed, effected, completed, compl~ed with and ab~ded `ay, then in either o~ any such event Ihe said a¢ g•egate sum mentioned in said promisswy note then remaining unpaid, with interesl accrued, and ail moneys secured hereby, shatl become due and pay- a~:e forthwith, cr ~hereaf~er, at the option of sa~d MORTGAGEE, as fully and comptetety as if all of the sa~d sums of money we~e a~ginally st~putated ro be pa:d on such d~y, any~hing in sa:d promissory ~ote or in this Mortgage to the contrary notwirhstandii~g; and thereupon or thereafter at the option of s, d MORiGAGEE, wahout not;ce or demand, suit at law or in equity, therefore w therealter begun, may be prosecuted as if all mooeys secured bereby n,.d matured pnor to rts instituhon. 7_ That in the event that at the be~inning of or at any fime pendir.g any suit upon this Mortgage, w to fwetlose it, w to refam it, or to e~force payment of any daims he~eunder, said MORTGAGEE shalt apply to the Court having junsdiction thereof to~ the appo~ntment of e Reteiver, such Court shall ~ fo: thwith appo~nt a receiver of said mwtgaged propert/ all and sirgular„~ntlud~ng all and singular the income, profits, iuves and revenues from whatever s~~rce de:ived, each and every of wh~ch, it being expressly understood~ is h~reby mortgaged as if spec~ficalty set forth and descrlbed in tix grenting and h~tiendum c!auses hereof, and such Receiver shall have all fhe broad and ef(Sttive funtt~ons and pow~rs in aAywise entrusted by a Court to a Receiver, and s. ch appointmenl shall be made by such Court as an admitted equity and a inaftef of absolute right to said MORTGAGEE, a~d without reference to the a:!e~quacy w inadequacy of the value of the property mortgaged or to the sotvency or insolvency of said MORTGAGOR or the defendants, and that auch re~+s, profits, inco.ne, issues and revenues shall be applied by such Receiver accord;ng to the tien w equity of sa~d MORTGAGEE and the pradice of such , Court. + 8. To duly, promptly and fully perfam, discharge, execute, effect, complete, comply w+th and abide by each and every the stip~,tations, agreements, cor~ditions and covenants in sa~d promissory note and this mortgage set forth. 9_ That in the event the ownership of the mortgaged premises, or any part ihereof, becomes vested in a person other ihan the MORTGAGOR, the .'ORTGAGEE, its successors and ass~gns, may, without notice to the NIORTGAOR, deal with such successor w successor in interest with refe~ence to this n,o~sgage ar.d fhe debt hereby secured in the same manner as with Mo~tgago. without in any way viuating or d~xhargirg the Mwtgagori liabiiity herr v~~dzr or u}wn the debt hereby sxured. No sale of the premises hereby rrartgaged and no forbearante on the part oi the MORTGAGEE w its successws cr assi9ns and no exrension of the time fw the payrnent of the debt hereby secured given by the l~ORTGAGEE or its successws o? ass~gns, aha11 ope~ate ~o re~ease, d:scharge, modify change o~ affect the orig~nal Iiability of the MORTGAGOR herein, either in whole or in pa[L - 10. It is specif~cally' agreed that time is of the essence of this contrad and that no waiver of any obli9ation hereunder or of the obligaYan se- cured hereby shaG at any time thereafter be held fo be a waiver of the terms hereof or of the instrumenl secured he~by_ I 1. ln aud.t~oi fo the forego'ng monthly paymants of princ pal and interest required by the promissory no!e secured hereby, mortgagar covenants +~:d agrees to pay to m.o~tgagee with each monthly pay~.~ent an add~rional sum est~mated by mortgagee to be equal to 1/12 of the annual cost of the fotlow- ~ 1 A-All real propcrr~ ~axrs levied or assessed agai~st the above described real estate. B- Pr~~,:~~ ns on fire and windstorm insurar.ce as herein tequ~red to be carried on the improveme~t5 situate on the above described premeses. C-Pre~r. ~*~s on suth mortgage guaranty ir.surance as mortgagee shail from t~me to timc deem fit to tarry on the loan secured hereby. ~ rJlortgagre s'+3~1 from ~ime to time no+~fy moitgagor in writing of the amo~nt due and payable hereundrr and such surn shall thereupon be due and t ~.ab!e on the due datz of the next month:y payment and each successive month thereafter until mortgagee shall ~otiiy mo~tgagor of a change in such ` , ounT. Suth sums sFa:l 6e app:ied by mortgagee toward the payment of real property tazes, insurance prem:ums, a~x! mortgage guaranty insurance ~ , ~_~m~om5- IY Y~ITPJESS ':1HEREOF, the wid MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ~ Stgned, Sealed and de ' ered i the presence of_ ~ _ • ~ aQ Willi a LiCaus' Jr ~aq C~ t.~. /Q . ti (Sea4 Nancv Av LiCausi (s~a~ S~;.TE OF FLORIOA 1 St. Lucie ~ ~~u!~rY oF i Befwe me personalty appeared Wi112~0 LiCausi, .Jr • snd Nancy Li~Causi his wife, to me we~) known and known to me to be ~ha ind~viduals desuibed in and v~ho executed tF~e fwegoing instrumtM, and atknowtedged befwe me that they executed the same for the purposes the~ein expressed. And the said Naney LiCausi r.~fe of the sa~d Wi1118ID LiCausi~ J7C. _ upon a ups~ate and pirvate exam~nar~on by me taken separate and apart from her said husband, ackrowledged to and beiore me that she exetuted said instrument freely and volur?~ r•,ruy and w~thout any compulsion, constraint, appreh1ensiop, w fear of or from her said husband. v 5;, da of Au u5 t A. D. '19 72 ~ WITNE55 my hand and official seal this y ~ ~ • . - ~ • • . - N ary Public in a fa the Stat ~ ida ~f Larqe ~ My Commiuion expir - ; - "1 Return To: ~ - First Federal Savings a Loan Assotiation •''r'. ~ Of Fort P~erce. ~ , ~ ~ i . . ' ~ ~ Fo.t P~erce. Florida F11.ED A'~^ ~-~oROEO ~ ST. LUC1E COUNTY FLA. ~ ~ ROCER ~U`j CO'JRT CtEpK C,~,~ RfCOR'? Yf'r?-iEB This Instrument Prepared By : J. H. Roberts~ JY. First Federal 5avings 8~ Loan Association ~'1,~ p 1 28 PN af Fost Pierce~ FlOrid~? 33450 NIW ~v i F Checked ey,~_ 2;36315 ~ ! 4 ~ BAOK PM~~~ ~ ( 1 t~:1 ~ . . - _ _ - _ - - - t ~ _ . _ . _ ~