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Home My WebLink About0909 3. To p!aca and continuousiy keep on the bu~'dinc~s now or hereafte~ ~ituate on said land and on alt equip~nent and personally covered by this mo~ ege, with all premi~ms ttkreon pa:d in full, iire i~~s~iance ~n Ihe usual stanclard polity form, in a sum appruved by the MOR~GAGEE, and windst0 fnsura~tr in the u:uat sT~nd~~d pol~cy fam, in a sum app~oved by the MORTGAGEE, in such co~npany or compames as the A40RiGAGEE m d~rect; and alI fire an~ w~ndsto~m ins~ra~ce poliues on any of said bui~d~~gs, any interest therein or parl thereof, in the aggr~ga~e sum aforesaid in excess th~~reof, shall coniain the usuat eta:tdard mortgagee dause or such o~hcr c~ausa as ~be Mor~gagee may requ~re, maAing tha loss undar s3~d po c~cs, each and every, payabte to said A10RTG.4GEE as its int~resf may appear, and each and every s~~ch po!icy shall be promptly ass gnetf ano oe~~ve~ru' ~ any held by safd h10RfGAGiE as iwthe~ security fo said mortgage debt, and, nor !ess than ten (t0) days in ~dvar«e ef the e~N~rat~on of each palicy, to d~ I~vea to said h10RIGAGEE a renewal thereof, togerher wifh a receipt for the premium o( such renewal; and ~here shatl be no f~re or winds~orm insuranc p~aced on any of sa~d bui!dingi, any intcres~ therein or parl thereof, unless in the form and with the ~oss payable as aSoreiaid; and in the evenf any sun ~ of mone becomes a ab~e under such ' i ~ Y p y po~icy or poi~c~es sa;d MORTGAGEE shall have the opt~on to recc~ve ~nd app y tlie sarne on atcount of ~he indrbtrd ness secvred hereby o~ fo permit said r~10RTGAGOR$ to rKeive and use il or dn/ part lhereot ior o:i~,•r pur,.oses, v~~tncut th~~~o~ .v..+~~.~3 :,r unpair ing any eq~~ty, lien or r~yht unde~ or by virt~e of this ~no:'gage; a~d in the event sa:d MORTGAGORS shat! `or any ~eason fail to keep the sa~d premisra so :~~swed, or fail to deGve~ promptly any of said policies of insuran~e to said MORTGAGEE, or fail p:omptiy to pay fully any premwm thcrefor or in any respea fail to perform, d,scharge, exetute, effect, comptete, comply with and abide by Ihis coven,~nt, or any pa~t hareof, sr.id MGRTGAGfE may piace a•~d ;,a~ for such insur,~nce or any part thrreof w~thout waiving or affecting any option, lien, equ~ty, or right unde~ or by virtue of this Mortgage, and thc f~il a~r.ount of each and every wch payment sha:l 6e immediately d~e and payable and shall bear interest from tha date thcredi until pa~d at fhe rate of ~:~e per cantum per annu:n and io3_th.rr with such inter~st sha(I be srcured by the tien of this mortgage. ~ 4. To permi~, commit or suffer no wasre, i~npairment or deterio~ation of said property or any part thereof. 5. To pay al! and singular the costs, charges and expenses, i~cluding a reasonab!e attorney's fee and costs of abstiacts of title, incurred or paid at ti~~ e by sa~d MORTGAGfE, because or in the event of the failure on the part of ~e said MORTGAGOR to duly, pranptly and fu11y perform, d~scharge. ' cut_•, efiect, cemp:ete, compty v~nh and a6:de by each and every the stipu~at~ons, rerrnents, tonditeons, and covenants oi sa~d promissory note and this ~ xtgage any or e~ther, and sa:d costs, charges and expenses, each cr~' ~ti~~~ b:...~..aa;arPlv d~,e and oavabie: whether -a ~ot there be nonce d~ -~~~d, atte~e,pt to co,lect or suit pend~n9; and the futl amount of each and e~ery wch payme~t shati bea. interest from the date thereot unni pa+d ai tne r o~ n~roe ue~ cc~r.sum f~er ann~n~; ~r.d atl soid wsrs, chacges and ex;~nses incurred or paid, together w~th s~ch imerest, shall be secured by the lien oi th~i n~ortg3ge. 6. That (a) in the event of any breach of this Mortgage or default on tlw part of the A10RTGAGOR, or (b} in the event any of sa;d sums of money herein re'erred ro be not promptly and fu!!y pa+d v.]thin th~rly (30) days neat after the sa~ne severa::y hecon:e due and payable, without demand or notice, or (c) in thr event each and every the stipu~a~ionS, agreements, conditions and coveoants of sa.d promisso+y note and th;s mortgage any or either are not i~iy, promptly and fuily perforR:ed, d.scharged, executed, effected, tompfeted, compl~ed with and ab~ded tiy, ihen in e~~her or any such eveN tne sa~d ag ~regate s~m ment~o~:ed in said promissory nore then remaining unpaid, with interest acuued, and au moneys setured hereby, shall become due and pay ~c forth~v~th, or thereatter, at the opnon of sa~d MORTGAGEE, as fully and comple~e~y as if afi of tl:e sa~d wms of money were ongina~ly st~puiated ro be pa:d on such dcy, anything in sa:d pro,n;ssory nofe or in this Mortgage to the comrary notwithsranding; and ehereupon or thereaffer af the op~~oa of s:,f MORTGAGEE, w~fho~t notice or de~nand, suit at law or in equity, therefore or thereaiter begun, may be prosecuted as if all moneys secured hereby ^._:d matured pnor to ~ts institut~on. 7. That in the event that at the beginn~rg of o~ at any fime pending any suil upon this Mortgage, or to fweclose it, or to reform it, or to enforte ~;~,rment of any c!aims hereunder, said hIORTGAGEE ahall apply to the Court having ~ur~sdlctlon thereof ior the appointmeM of a Reteiver, wch Court shall ~c~thwith appoint a receiver of said mortgaged property alt and singutat, includ:ng aii a~d s~ngu~ar thz intome, prol~ts, issues and ?evenues from whatever s: u~ce d<rired. each and every of wh~cfi, it being eapres;ly understood, is F.ereby mortgaged as if speufically set fo~th and described in the granhng and i.:'.,endum ra~ses hereef, and such Receiver shall have aU the broad and effeaive funct.ons and powers in anywise emrusted by a Courl to a Receiver, and s_h appointme~~t shal! bc made by such Courf as an ad:nitted equity and a matter of absolute righl to Said MORTGAGEE, and without referente ro the ~~~•?.~.+acy or inadequacy of the va:ue of fhe property mortgaged or to the so.vency or insoivency of said btiORfGAGOR or the defendants, and rhat such •,•s, proiiss, inco~ne, issues and revenues shall be app;ied 'py such Receiver accord~ng to fhe tien or eq~ity of said MORTGAGFE and the practice of such C~~rt. 8. To duiy, promptly and ful!y perform, discharge, execute, effect, comp~ete, comply with and abide by each and every the stipulations, agreements, i •d~'ions and covenams in said promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, w any parf thereof, becomes vested in a pe~son other than the MORTGAGOR, the ~ : ~RTGAGfE, irs successors and au~gns, may, wi~ho~t notice to the A'IORTGAOR, deal w~th such successor or successor in ;nterest with reference to this + igage and the d_o~ hereby secured in the same manner as viith blo~tgagor withaut in any way vitiating or d~scharging the Mortgagors' liability here- .:?er or upon rhe deb~ hereb~ sec~red. No saie of the premises hereby mortgaged and no forbearance on Ihe part oi ~he MORTGAGEE or its successors oss:gns and no exren;~on of the time for the paymem of the drbt hereby secured given by the t ORIGAGEE or its s~ccessws or ass~gns, ai~all operate ~o re~ease, d~scharge, rc,od~fy change or afiect the orig~nai liab(lity of the MORiGAGOR herei~, eith~~ in whole o~ in part. ~ ~ 10. It is spec~ficaiiy agreed that time is of the essence of rh;s coro~act and that na waiver oi any obl~gatfon hereunder or of the obligation se- i cvr~d hereoy sha,i at an; ti~a,e thereatter be he!d to be a waiver of the terms hereof or of the instrument secured her'uy, l l. In .:;i_! !:c., ro rhe forego ng month!y paym~nts of princ'pal and inre.es+ requ~red by the prom~ssory nore sewred hereb~, mortgagor covenants ~ d agrees to pay to n:u-tg:~gee :.,th each monfhiy payr,:ent an add~rional sum est;:nated bf mortgagee ro be equal to 1, 12 of the annual cost of the foflow- A-All reel E:ropert; t3xes le~~ed or assasi_ci against the a6ove described real estate. ~ B Pr_^.~,:•s cn f~re ard w~ndsto•m ~nwrar.ce as here~n requ;red to be carri~d on the Im;;rovements s~tuate on the above dascribed premises. C-Pre,r~;;r.s o•~ svch rr:ortg ;gE 9uarar.ty ir.surar:ce as mortgagee sha(1 from hme to tirne deem fit to carry on the loan secured heieby. j A1or+gagee s^a i E•vn t~ ~ie to t~•.,e no+i4y mortgagor ~n writing of fhe amou~t dve and payable hereundrr and suth surn shail thereupon be due and s'-~Ie on +h~ cl,,.• a.~~•: oi ih_ ncxt ~~;onth.~ payment and each successive month thereaher urai! mortgagee shatl nor~fy mortgagor of a change in such unr. Such su~ns st,v,i f;c appiied by mortgagce toward the payn,eni of real property taxes, inswance prem:ums, and mortgage guaranty insurance . ~~.nnumi. . IM \'11TNE~S '.'+NF - F, rF. aid MORTGAGOR has hereunfo set his hand and scai ~he dey e~ ycar irsf afc:csaid. Signed, Sealed nd elive ' the pres nce of: ~ Seal) - W ZZ1~IR YUttO (Seaq - - t!~ (Seaq : y e r ze I,og r o - , (SeaQ I ~'~TE OF FLORtDA ~ f ~~U'JTY OF S't • LL1C26 1 Before me pe ~sonally appeared ~Vl~.lld$ Lo8 rutta and ~ Angela Marie La~Brutto - ~ his wife, to me well known and known to me to be k individuais described in and who executed the foregoing inslrument, and atknowtedged before me that they executed the same for the purposes !h~_~ein expressed. And the :a~a__ Angela Marie LOBILIttO ; :.;~e of the sa~d _~~ll~.lalil _L.O~YLlt't0 upar~tepa;Af! aridpriyate •am~natlon by me taken separate and apart from her said h~sband, acknow(edged to and before me that she executed said"in'stra4en{ fr~i~r ~d vdtun- ard w~fhout any compulsion, constraint, apprehe ona~w fear of or from her aid husband. ~ ~ /t • WfTNESS my hand and official seal this_ _ day of ~CtO r t ~ p~ , ~ . . - ~j ~:d ~ i Notary Public in and or the''~1~t Orlda jt Large Retvm 70: My Commission ex es: - ~ ~ first Federal Savings a Loan AssociaTion '~i~, ~~1~,.~~r~.~ Gf Gurt P trc•~. Fort P;er~~;, Ffor~c~a ~ • ' F~~EO ~?ne ~ECOROEo ` St.lUCIE CUUMTY fLA- ~ ROCEr~ '.~~7Rf5 , ; This Instrument Prepared By : Wm. E. Braun ~~E~,K ~;;•~~Jr COURT • ~ First Federal Savings 8 Loan Association Rf~ORi~ ~z 2 ~ • of Fort Pierce ~ Florida ; Checked By ~ it ~ ~8 ~ i 23996'7 ~ ~ ~ ~ ~h?. s