HomeMy WebLinkAbout2953 3. To p'acc and continuousiy keep on the bui'd~ngs now on c~reaffer iltuate o~ said land and on al, equipment and personally covered by this mo~
ege, wnh all p~en:,~:ns th.rreon p~ J m full, 1~re ins..rance ~n ~he usual stand~rd polity form, in a e.+m aHpro+ed by ~he MURiGAGEE, a~~d w~ndeto
nwrance in ~he ~sual s~anda~d poLcy lorm, in a wm approved by the h10RTGAGEE, in such comyany ot companles as the ASORTGAGEE m
d~rcct; and all Gre ar~d wmJstorm insura~te po~k~es on any of said build~ngs, any inte~es~ therein o~ part thereof, in the ag9~ege~c wm aforesaid
in eacess th~•reo(, shall :om;1n the usval standarJ mortgogee dause or such other deuse as the Mor~yagea may reqwre, ma?mg tha ~oss under s~~d po
c:~~s, each and every, pay~~:e to sa~d 110RTGAGEE as ~n ~nierrst may appear, and each and every such poc~c/ sh,~l1 be promptiy ass gned a~~d deGvared :
any held by sa~d 1dOR(GAGEE as iurrher sewrity to sa~d mortgage dabt, and, oot less ehao ten (10) days in ~d.a~ue of the expi~ahon oi each pot~cy, to d~
G~e~ ro sa~d h10RiGnGEE a renewal ther~of, toge~he~ wiih a rece~pt for the premium of such renewal; and there sha11 be ~w f.re o~ w~~~duw~n inwrar.c
placed on any oi sa~d b~ild:~~gs, any interest therem or pa~t thereof, untess in ~he form and wiih the loss payab!e as aforesaid; a~d in the evem any sun
uf money b~~co~nrs payable under such po~ity or pol,cies said MORTGAGEE shall have ~he opt~on to rec_•~v~ and apN:y ttie same on accou~~t of the ind~btrd
nt•ss sewr~d har~by Ot ro permit Si~d /AORTGAGORS t0 recrive anCl u3C it W any p~rt th•::eof tor u:ii•:r {.urp os~s, v.:~h~~1 th_•r<u~ .r.:~vi.~~ Or ~n:p.,~r
~ng any equ~ty, I~en or r~gh~ undcr o+ by virtue of this mer'gaye; and in the event sa~d tiIORTGAGORS shatl ;or any rcason fail to keep the sa~d pre~n~s~s so
~~,wred, or (~il to del~ver promptfy any of sa~d pol~eies of insvranee to said MORTGAGEE, or fait p:omptly to pay fuily any pre~n~um therafor or in a~y
~esp~c? fail to perfurm, d~scharge, exec~re, effec~, complef~, canply w~~h and abide by this covenant, or any pan ha~eof, sa~d MGRTGAGEE may place a^d
pc~ for sud~ insur.,nce or any part the~eof w~rhoul waiv~ng or aifecting any option, lien, equ~~y, or n~ht under or by virtue oF this Mo~tgage, and the
f~ll a~nuunt of eech and e.e~y avch p~ymrM shall be im~nrdiately due and payabte and shall beai intenst frcm ~ha date thereo( umil paid at the ~ate ol
n~~,e p~r cen~u~n per ar.nu:n .,nd to~~~thrr w~th such interesr shai~ Ge s~~cured by the lien of thh mortgage.
1. io permit, co~nmit or suffer no waste, impairment or deterioration of said p:operty or any part thereof.
5. To pay all and singi~tar the costs, charges and expenses, including a reasonable attorney's ies and costs of abstracts of title, incurred or paid at ~
,n~ tin:e by sa~d MORI~AG:E, because o+ i~ the event oi tFr_ fa~lure on the pa~t of the said MORTGAGOit to duly, pron,p~ly and fully perform, d~scharge.
_.ewte, efFect, complete, comply wah and ab:dr by each and every ?he stipu~anons, agree:~~ents, conditions, and covenants of sa~d prom~zsory note and this
e.orrga9e any or e~~her, a~~d sa:d coars, charges a~id expenses, each and eve~y, shall be immrdiatety due and payable; wF.e~her w not there be not~ce d~
,nd, atren~pt to coilect or suit pend~ng; and the full a~nount of each and every such paymeni shall bea. interes~ from the date thereo) uroil paid at the
~ r~ o' n~nr uer c~nc~+n ~,~r a~~~~u:~~; anc ali said costs, charges ar~d cxpenses incurred or paid, togethcr w~th such imerrst, shall be secured by the I~rn of th~s
m or tgage.
6. That (a) in the event of any breach o( this Mo~tgage or defautr on tt~ part of the 110RTGAGOR, or (b) in ~he event any ol sa:d sums of money
h,~re~n referred to be not pro~nprty and fully paid w~~h~n th:rty t301 days next aiter the same se~era:ly become due and payable, wi~Fwut de~nand or notice,
'tc) in tbr event each and eve~y the stipvtat~o~s, agreements, cond~t~o~~s and covenants of sa.d promissory note and th~s mo~~gage any or either are not
i,,!y, promptiy and fvlly performed, d,xharged, executed, effected, completed, comphed wi~h and abided Sy, then in enher or any such evero the sa~d ag
,7~~ ga!e wm m¢nhOned in sa~d prom~ssory ncte then re~nairting unpaid, with interest accrued, and atl moneys secured hereby, shatl become due and pay-
+u _ fo~th.vith, or therea4ter, at the opt~on of sa~d fiIIORTGAGEE, as fufly and completely as if all of the sa~d sums of money were onginally shputated
br pa:d on such d,:y, anything in sa:d p~om~ssory note or in this Mortgage to Ihe cor.~rary no~N;~hsTand~ng; and th_reupon w thereafte~ at the opnon of
s cl l1SORTGAGEE, wrth~ut nonce or demand, suit al law ot in equity, iherefore or thereairer begun, may be prosecuted as if all moneys secured hereby
r. d matured pr~or to ~1s ins!~tut~on.
7. Thar in the event that at tF.e beginning of or at any time pending any suif upon this Mortgage, a to foreclose it, or to ~eform it, O~ to enforce
;,:ment of any cl,,;,ns hereurder, said :.tpRTGAGEE sha.l apply to the Court having ~ur~sd:ction ther~sf tor the appo~ntm~nt of a Receiver, such Cc.~rrt shail
i..:rhwtth appo~nt a recciver of said mortgay~d properti ail and singulai, includ~ng ail and singu~ar ttya.intome, profits, idsuei a~d ?eve~ues from whatever
s ~;ce drrived, each and every of ~vh~ch, it i»n~ng expressly understood, ~s hereby mortgaged as if~3'~edfifa;ly set forth and described in the granhng ar.d
h,:,endum ua~ses her•;of, and such Receive~ shal: have all the broad and eifec~ive f~nthons and po.vers in anywise emr~sted by a Court to a Reteiver, and
_:i, lppG~~f~r.E•~~t shai! be n:ade oy such Cou~t as an ad~»ittrd eq~ity and a matter of a5solute r~ght to said MORTGAGEE, and wishou~ refe~ence to the
z,i•:.~u,cy or inadequacy of the value of th~ proper~y morlg;ged or to ~he so:vency o~ insotvency of sa:d MORiGAGOR or the defendants, and that suth
•,s, ~.roi~ts, inco~ne, issues and revenues shall be appGed by such Receive~ accord~ng to the lien or eq~ity of said MORTGAGEE and the practice of s~ch
Court.
8. To du!v, prompt:y and fvlly perfo~m, d~scharge, execute, effect, complete, comply with and abide by each artd every the stiNulations, agreements,
rondit~cns and tovenants ~n sa~d promissory note and th~s mortgage set forth.
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9. That in the event the ownership of the mortgaged prem~ses, or any part thereof, 6ecomes vested in a perwn other than the MORTGAGOR, the
~RTGAGEE, ~+s successors a::d ass~gns, may, witho~t nor~ce to the A10RTGAOR, deal w~th such successor or s~ccessw in imerest witfi rele.ence to this
:•:gage and :he d_o~ hereby sec~red in the same manner as with Mortgago~ wnhout in any way vitiating or d~scharging the Mortgagors' liabiiity here~
dur or upon the debt hrreby secured. No sale of fhe premises hereby mortgaged and no fo:bearance on the part of the MORIGAGEE or its successors
~r ass~gns and no extension of the t~me icr the paymem of the debt hereby sewred given by the 1dOR7GAGEE or its successws or assigns, a7~all operate
•c re!eose,•d~scharge, modify change or affect the origmal liab~lity of the M,ORTGAGOR herein, tither in whole or in part.
10. k is spcuflcally agreed rhar time is of the esser.ce of fhis contract and ~hat no waiver of any obl~gat;on hereunder or o~ Ihe obligation se- ~
c~red hereby sha'~ at an~ tir:,e thereaiter be hz•id to be a waiver of the terms hereof or of the instrumem secured herby. ;
I 1. In : dd t:o ~ to the fore9c n~ ~nonth!y paym^n!s of princ pal and interest required by the prom sscry no!e sct~red hereb/, mortgagor eovenants ~
~ d ag~ees to pay to r.:c-rg~ye~e v~,;h eacn n:on!h:y pay~:•,ent an add~rionai wm esnn:ated by mortgagee ro be equai to 1, 12 of the annual cost of the follow-
,
A-A!I real propcrty t~¦:s levi;~ or assess~•d agai•~st tho aLove described real estate.
6 Fr: ~:~c,~r.s o:i f:re ard wir.dssorm ~nsurarce a; nerein req~~;red to be carried on the ~mrrovements situate on the above d_scribed premises.
~ C-PfC"•RJ~1`5 on svch mortg-ge g~aranty ir.svre~ te as mortgagee shail iro~,- t~me to time deem fit to carry on the loan secured hereby.
t,lo~tgo ~ee s~~:~ l'.c~n t~mr to t~:r:e ro!~f; morrgagor in .vrit~ng oi ihe amov~t due and payable hereu~drr and such susi sha!I thereupon be due and
.,=t,~c on th~ c?~e c:.,•-_~ oi ike ~~,rxt n~~onth.y payrn~•nt and each svccessive month thereafter urnil mertgagee sha!1 notify mortgagor oi a thar.ge in suth
~'I ' ~unt. S~ch s~~•ns s~ be appiicd by mortgag~_e roward the payment of re~l p~operty taaes, inwrance prem,u:ns, and mortgage guaranty insurance
, e nwms.
E IN ~'liINE~S .YHER~OF, the sa~d MORTGAGOR has hereunto set his hard and seal the day and year first af aid.
~ 5~ ned, Seated and de~ive~ed in the prese~ce of:
i 1~^' (Seaq
~ - - - - . (Seaq ~
~ r"x~ (Seal)
~ _ _ _ _ _ _ _ _ _ uanita Ro ol ' o
(Seaq
S?i+TE OF FLORIDA 1
St . Luc ie ~
"~UNTY Of 1
Before me personally appeared FrdI1C0 ROgOllflO a~
,)L1d711ta Rogolino _ h~: wife, to me well knowr~~~~(,~C^ow^ t~'me t° be
ind~vid~als descriC_d in and who executed the fwegoing instrument, and acknow{edged before me that they executed' ~e ~aWa.~b~~~~`ie purposes ;
. ~ ` . •
f~erein expressed_ And the :a~d_ Juanita Roaolino
Franco Ro olino ' "
~ r:~}e of the sa:d 9 t.•,~uppria_separate,e~-private
~ c Ra~nlnat~on by me ta4en separate and apart from her said husband, acknowtedged ro and before me that she execute~;eid•lnstroment freely anQ yoluo-
~ .-~~y and wahout any compulsion, constraint, apprehens:on, or fear of or from her said husband. -
~ WlTNE55 my hand and official seal this__ 4th _ day or October ' . -~2
b. ~ t 4
• Y t!
~ Notary Pubtic in and fw.fhe t~ef fbrida afalatga~
My Commission expires: ~r _
Ret~rn To: ' ' s ~
~ Fint Federal Savings 3 Loan Assotiat~on NOTARY P(1BLIC,~ST'AYE~ot FLORlDA at IARGE ~
~ O~ ~orr F.c-c.~. MY COMMISSION E7(pIRES SEPT. 25, 1975
Booded 8y American Bankers Insurance l;o.
~ort Pierce. Fiorida -
~
~ ~,~o .NO afcoROeo
~ ;~.LUC~~ COUMtY fl~~
~ This Instrument Prepared By RiChatd K. Kayes ~p~~ r^O TRAS (
Fi~st Federal Sav~ngs & Loan Association C4E~K ~t•`~~?S COURT
~ of Fort Pierce~ Florida 1![CORt1~E~'F~EO
~ ~ ~~1`
~ Checked B~_~-___ ' ~1 6 `r 17 ~
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~ 6001t ~O~ PAGE~9~ ~
~ 2393C 5 ~
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