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Home My WebLink About2282 3. To p~.~ce~ o~~d conlin~oe.Sfy f.cap on rf~e bu~:d~ngs r.o~nr or hr~eaires s~t~afe on s.~~d :and and o~~ a!, rq,;p:nent and ae~sonafly cove~ed by th~s mar ege, with all prtn„~;ns thiveon pa J~n fuil, f~re ins~~o~ut ~n tiie usu~l standard po':Cy fOrm, in d S~•~» 3~.~](O~CC~ Dy tha h1VR~'v.+GEE, ard windsto nsuran~e in the ~sual a~a::J~rd ~o~.ty for:n, in a:~m appro.ed by ~hr h10RTGAGEE, in such co~np,~ny cr ca•~~~~a»:es as the A10RTGAGEE ~n d~red; and all fi~e ar:d m.;~~d,rorm ~niv:ancr po:~c,rs on any of sa~d bu~~d.ngs, any interest ~hcie~n or pa+t ~h~•~iol, in t~e agg~_gire su~.~ afc~esa~d in exceu ~hereof, s?iali :ont,,in tt~e w.~~l s~~~ d,,iJ morfgagre ctause or such other c!ause as the Mortyagee may ~cq:,,re, mok~ng ti~a ,css ~:~Jrr s~~d po c~•s, e~ch and every, paya~!e to se~J :~ORTGAGEE as +~s int~~ras? ~nay a~pea~, and each and e~c~y s~~ch p_~~.cr sl+.,~1 ue p~on,prly ass.y•:~d ~~•d d~,~.~•r~•d : any held by aatd ;~IORTGAGiE as iu~~her s_cunty to sa~d n~cctgage d~~t, and, not less ~han ten (.Ol days i,~ ad.3~ue o~ exN~r,t;on of ~„h pol~cy, to d. ~ ~er to sa~d A10RiGAGfE a rene~•!al thercof, toye~hrr with a rece~pt tor ~h? pr~mium of such rer.rv:~:; a~~d ~n_•re sba.l L•e no f.re or w:::dsto•~n ins„ranc F>'~ced cui any oi sa~d bu~~d~•~gs, any inrereat tnzre~n w pan thrr~•of, untess in f!~e form and wi~h ~he loss pay~b!e as afo~esa~d; a~~d in the eveM a~y s~n ot money becomrs payaWe undc~ s~ch poticy or pol.c~as so~d MORTGAGEE sh~H have ~he oHt:on ro r~cc~v; <,~:d ~;.tfy t~~a san~e on a:cou.~r of the indrvr~•d nci5 SCCt,~c'C~ hdrt~y Or t0 permit ia~d IAORTGAGORS lo ra~c~~re dn(~ ufB it O~ dny pdrt Ih•~:.~:,{ t;n c•i:"r ~.ur~; .:,S-~S. ::.~~~.,:t tt~:•~ .t_~.:'.) Cr r::p_:~ ny any eqo~ty, lien or nghf unJ•~r or by vutue ot th~s mor:gage; and in the eveM sa.d h102TGAGORS shall `o! any reason fail to A,.~ep thc sa;d prem;s~s so ~nswed, or fail to d,G~cr pru~npriy any of ;a~d poG~ies of ~nsurance to sa:d MORiGAGfE, cr f,;+l p:~n:~:riy to ~:.~y tu;.y any pr~••„~,,,n rh_r~io~ or in a•+y f(•SF>EK~ fail to pe~4orm, disch~rge, ex~~cura, effed, ca~~~pletr, comply with and a5;de by th~s cov~~»n~, or any pa:r h,:reo{, sa~d MORTv+~Gc~ may place a-~a ~~y for such insur.~nce or any part th~reof w~thout weiving or af(ecting any opt~on, lien, equ~ty, or n~M un1:r or by virrue of rh~s h',o+tgage. and thc f~~l amo~nt of each and e~ery such payrnant shell he iT,~ned~arely due ar.d payable and shali bear inte~<st frem tha datr thereof un~il p~~d a~ tne ~ate o1 -~e per crnrum per ann~ n.,nd to~~•th~•r with such intrr~•s+ sha~~ be srwred by the lien O( th~s mortgaga. A. TO permil, tommil or sufier no wastg, impaiiment o~ deterioratio~i Of seid property or any parl th~~cof. S. To pay_ all and sing~lar rhe costs, charges and expenses, inctuding a reasonabte attorney's fee and costs of abstracts of tetle, incwred or paid at ~~1 r;n:~ by s~;d A:ORiGAGEE, becouse or in the event of th~ fa;iure on thN part of the said MORiGAGOR tc duly, pra+~ptiy and fu:ly pc~fonn, d~scharge .~.ute, effect, cumpieie, co•~~ply wah ard ob de by each and every the stip~~ia~;ons, agre~ments, co:~dmons, and covenanrs of sa~d promE,rory note ar.d rh~s ~artgage any or e~ihe., ar.d sa:d ccsrs, cha~ges a~~d expensrs, each and every, shall be immrd~arely dve and pay;b'r; v:h~iher or not thare be nor~ce d~ ^:a•~d, atterrpt to co,~rct or suit pend,ng; and ~he full a~nouM of each and every such paymem sh~ll Gear inr~~zst from ihe dare thereo4 until paid at rhe _ oi :i~ne per crntu~n F~~•r ~~~~~u.n; ~:~c oU sa~J wsrs, cha~ges d:~d expens=s irxurred or paid, roa~~tf~~~ wah such ~~~terest, shall be secured by the Gen of th~s n:ottgage. 6. Thal (a) in th~ evenf of any breach of th~s Mo~tgage or default on tFw parl of the A~O~TGAGOR, or ;b) in the event any of sa'd sums of money t•~~rein refcrrcd to be not pro~npt~y and fuily pa~d wnhin th~rty (30: days next after ~he same sevcra::y beco~•~e d~e and Fayable, withour de:nand or nonte, :r iq in the evenf each and every the stipu•at~ons, agreeme~as, cond~sio~:s and corenants ot sa.d promisswy r~ote and th~s m~:tgage any or eithar are not i~~(y, promptly and fuily ~erformed, d.scharg_d, executed, eSfected, completed, compi~ed vvlth and ab~d~d Sy, then in e~ther o~ any such evem the sa~d ag _•~~ate sum menhoned m sa~d prom~ssory ncre rh~•n rema~rting unpa~d, w;th inre:e,r accr:,ed, and a:l moneys secu+ed hereby, sha~l become due and pay- ~o.r forfhw~th, or ihereatter, at the opr~on of s.+~d 1.10~TGAGEE, as fu11y a~xl comp;eiely as ii a~i of ihe s~:d wms of money ~aere a~g~natly st;pu~a~ed ~ b< pa:d on suth dcy, anything ~n s,,d pr~:n;ssory nete or in this ~YSortgage to the co~.frary IIOf.V~tFIS13'~C~uig; and thrrevpon or thereafrei at lhe opt~on of s,:i MORTGAGEE, w~thovt notice o~ demand, su~t at law o~ in equ~ty, therefore or thereaiier be:gun, may be prosecuted as if all moneys secured hereby r:.i matu~ed pr~or to ds inshtution, 7. That in the event that at the beginn~ng of pr at any time pending any suit upon this Mortgage, or to i~eciote it, or to re(orm it, or to enfor~e ;~rment of any usims heieunde~, s3Jd MORTGAGEE sha~l apFly to the Court havi~~g ~unid.u:on tt~:,reof for the appo~ntment of a Receiver, such Cou~i shail ~rhwi~h appoint a rece~ver of sjid mortgagtd property ail and si~gutar, incl~d.ng all and sr,gula. it:e ir.con~e, prof~:s, iawes ar.d revea~es from whatever ..•ce derived, each and every oi wh ch, it 6e~ng express~y undersrood, is hereby morrgac~ed as ~f S' CC.f:[JiI~ set torth and destritxd in the grannng and endum dauses hereof, and wth ReceiYer shalt have ail tne br~ad and effective funct ons and po.vecs in anyw~se enlruved by a Court to a Recaiver, and s_n appointmert shall be n:ade by such Court as an admitted equity and a matrer of abso(ute rfght to said htORTGAGff, and winc~ut reierence !o the :_{~aty or inadequacy of tFe va!~e of the property mo~tgaged or to ~he so.ve~cy or ~n;a~vency of said N.ORiGAGOR or the dettndants, and that such ~ •s, profits, inco~ne, issues and revenues shail be appii~d by such Rece~ver accord.ng io the ~ien or equity oi sa;d MORTGAGEE and the practice of such ~rt. 8. To du!y, prompt!y and iv!!y perform, o;scharge, execute, effect, complete, con;ply with and ab~de by each and every the st~pulations, agreemeMS. ~ditions and covenann m sa~d promissory note and th:s mortgage set forth. 9. That in the event the avvnersh~p of thz mortgaged premises, or any part thereof, becomes vested in a person o:her than the ti10RTGAGOR, the :~RTGAGE[, ~rs su~c~ssors anc~ azs~grrs, rnay, w'uho~t no~+ce ro the dtOP?GAOR, deal w~th such svcce:sor or sutcessor i~ interest ~v~rh reference to this ~='rg3gc and the d:-i~t hereby secured in the same mar.ner as with t:lortgagor without in a~y ~vay vitlating or d~scharg~ng Ihe lAortgago:i liability here- or upon th: d~~bt hereb,r sec~~_•d. No sa'z of the Fre~uses h,reby mortgaged and rto forbearance on rhe part of the /J;pRIGAGEE o~ its wttesso~s asvgns and no extcnsion of the nme for the payment of the debt h~reby secured given by the PJtORTGAGEE oc its sutcessws or ass:gns, a•.~atl operate ~ re~ease, d~scha:ge, rr:cdify change or affect the orig~nal liauiiity of the MORTGAGOR herein, either in whole cr in part. 10. I! is spcuf~ca:iy r.g.red ~har time is of the essence of this contract and that no waiver of any ob' ga~~on hereund~r or ot the ohligation se- c;r,d heieby sha;a at an~ time nc~reafter be he:d ro be a wai~er of the terms hereot or of the instr~ment secured herby. 11. In ~od r6o:~ *o 'h_• fo•e3e ;~,or.th:Y ~;aym_nts o4 pri::c pal and interes! ~equ~:ed by fhe prom ssc~y no~e scc~~rd hcren~, mo:!gagor covenants i;~gr:es to pay ro r,orrg;;_;ee r.~;h each ~r;,n•hly pa~~.e~~t an add~rional wm est~n:ated by motig3gee to be equal to i I2 of the annuaf cost of the fol~ow- A-A!1 rcal Yrop•~rtp ;ax~s le:~:~ o+ ass~~ssed agai•ist th•_ a~ove describcd real es'ate. B Pi-~.,,,cn on f~re and r.:~;ds~o-~n lrsurarce as hereln rcqu:red to be carr~ed cn the ~m, roveme~ts s~tvate on the anove d_sc:ibed premises. C-Prem~ur~ s oa wch mortg::ge guaranty ~r.su~a~ ce as mo~tgagee shai; fro.^~ t me to si~n~ deem fit to carry an the loan s^_c~red hereby. Mortgagee s'~s~l frar t,n e to t~:-,e nc'~f~ n~ertgagor wr~nng of fhe aMou~r d~e and payable hereundrr and svch su~. shall lhcreupon be due and ,t,!e on the due dare of ths nex~ montn'.! payment and each successive month thereaft^r vr.tii mcrtgagee shall notify mortgagor of a change in such ;,nt. Such suir.s stia;i be app'I_d by mortgagee ro:aard the payment of rea! property taaes, inwrance prerr,u:*~s, a~id mortgage guaranty insurance ~ »iums. IN \'.1TNE~S 'A'NEREOF, rhe sa~d MORTGAGOR has here~nto se! his hanc+ and seal the day and year first afore id. S~gned, Sealed and delivered in the p~esence of: FILE!' °•~Ci•y0E0 _ " - ST.ItiC~= :`_"NTY F~A. ~ _(Seaq Fc~~. ~as L~ Rrank A. Trotta ~~a'~ ~ cif ~ ~ c~~• R T~ G c r i= . F:- i t(: ~ c~~ ($eal) ' Maz et V. 1Yotta ~~ai~ ! ~ . ; ~'s;NrE oF Maryland QEC ~ ~ 51 ~ ~ ~ ` ~ u- 243169 ' ~JU'dTY Of ~~~~~'ti0~-~ ~ ~ s Befwe me personally appeared Frank A~ ~Otta and ~ - ~_3.~E~}[• TYOtta - his v:?fe, to me well known and known to me to be , ind~viduals described in and who execured the foregoing inst~ument, artd acknowJedged before me thal they executed the same for the purposes < <~--•ein eapressed. And rhe sa;d_. r'j81 aret V~~'OttB ~ Frank A Trotta `e of the sa7d • vpo~ a separate and privase .±~n:nat~on by rne takan seporate and apart from her said husband, ac4nowledged to and before me that she exetuted said instrument free~y and voluo- ` ~ a~d w:rhout any comp~ision, consrraint, apprehens:ort, or fear of or fr~m her said husband. 4 \YiTNESS my hand and offiual seal tbys__ z8 ~ day of , Noveaber , A. D. 19~_ ' ~ Notary Pu61ic in and for the State of iiw:i.e.ri~ MRRYLAN D j My Comm~ssion expires: 9 7~ ~ Return io: . ~ First Federal Savirgs d. Loan Assodation 1 ~ 1'~•. Of furt P c rc• ~ Fort P~:•rce fi;nd, • _•t. ~ " • ~ ~ ;sJl) 7.:~ ~ , = ` This Instrument Prepared By J. H. RObeZts~ J= ;~`1'•r r ; j-~ First Federai Savings 8. Loan Association • ''1 S! . ~ of Fort Pierce ~ FloZida ' ~ ~ ~ 0 k ` . , , • ; Checked By 80C~K~O~ f'ACF~~, i ~ ls = , - 't nxr,~~s_ ~ .~J ' --r`~ . ~ ~ '~~fi.'~~~~~`.~'-r__.°_ _ - ~ik. ~i;r~-: