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Home My WebLink About0834 3. To place and continuously keep cn the 6ui:dfngs now o~ herea(ter s~tuate on s~~d land and on all equ~pmant and pe~sonally covered by this mortg- ege, w~th all prem;~~ns ~he~eon pa.d ~n f~ll, f~re ]nsurance in thc uwal siar.dard po!rcy for~n, +n a i~m appro~ed by the MORiG:.GEf, a~~d wu~Jsto~m iniurance in ~he usual sranda.d pol,cy torm, in a sum approved by ihe MORTGAGFE, in wch company or compan~es as the A10RTGAGEE may d~rect; and all fire ar.d w~nds~orm inwrancC po~«~es on any of sa~d tw~ld~n9s, any inte~est Ihe~ein or pan thereof, in ~he aggregate su~~ +ioresaid or in eacess theraof, sha!I cootain the usua~ standard mo~rgagae ciause o~ such other dause as the Matgagae may req~~re, making the ~oss undar se~d po~i- res, each and every, payable to said h1pRTGAGEE as ~ts imrrest may appzar, and each and every auch poi~cy ahatl tx prompt:y ass g~~rd a~~d deGvNr.:d ~o any held by ea~d h10RiGAGEE as fwther sec~rity ro said mongage debt, and, no~ Iess ~han ten (t0) days in ad~ance of the exp~ra~~on of each pol~cy, ~o dr live~ to said MORTGAGEE a renewal thereof, toge~her with a rece~pt 1or the premivm of such renewal; and ti~ere shail be no i~re or w~ndsro~~n ~nsvrance placed on •ny of said build~ngs, any inte~est therein ot pa~t thereof, unless in the form and with the ~oss payable as afo~esaid; ~~d in the event any sum of money becomas y~ya~le under such policy or poGcies sa~J MORTGAGEE shall have the opNOn ro rece~ve and apply the same on accou~~t of the indrb~rd- nrss secured hereby a to permit sa~d MORTGAGORS to receive and u?e it or any Qa~1 the:cof fo~ o~~~• r HwF~oirs, ..~tho.,t th_~. u f .r.~.~ c~ ~"~p..~~' ing any equ~ty, lien or riqht unde~ or by virtue af Ihis mo:~gage; and in the eveN sald i~1~R7GAGORS sh311 for any reason fail lo kerp the sa~d premis~s so insured. or fail to delivar p~omptly any of sa~d poGcies of insurance to sa~d MORIGAGEE, o~ fa~l prornptly to pay fu~ly any pre~~~w~n therefo~ or in any respect }ail io perform, d~scharge, exetute, effetl, complete, comply with and abide by this covtnant, or dny part hercw(, said MORTGAG~E may plate a~~e pny for such insurance cr any part thereof without waiving or affec~ing any option, Iien, equny, or rigM e,nder o+ by vir~ue of ihis Morrgage, and the full ainount o( each and eve~y such paymenl shall be immediately due and payable and shall bear interest from the date thereof u~~til paid af the rate ot nme per centum per annum and tog~~ihe- w~fh auch inter~sr shati be srcured by ~he lien of th~s mortgage. 4. To permit, commit or suffer no waste, impairmcnt or deterioration of said property or any part thereof. 5. To pay all and singula~ the costs, charges and expenses, inciuding a reasonable at~orney's fee and costs of abstracts of t~tle, incurred or paid at any ti~r.e by said MORTGAG~E, because w in the event oi the fa~ture on ~he part of the said MORTGAGOR ro duiy, pro+~~prly and fully perform, d~scharge ~arc~te, effet~, complete, tompty w~th and ab:de by each and eve?y the st~pulahons, agrrrmrnt~, cond~tions, and co~enants of said prom~ssery note and this mortgage any or either, and sa d costs, charyes and expenses, each and every, shall be immed~ately due and payable; whether or not rhere be nonce d~ mand, atte~npt to collect or s~it pend~ng; and the tull amount of each and every svch payment shall bra~ inte~est from the date thereof until paid at the r.,re o; n~ne ~:er centum y.:r an,~u:n; end all said costs, charges and capenses ~ncurred or pa~d, together w~th auch inrerest, shell be secured by the lien of th~i morlgage. b. That (a) in the event of any breach of this Mortgage or default on tF~ part of the MORTGAGOR, or (b) in the event any oi sa:d sums of money herein reFerrrd to be not promptly and fully paid within th~rty (30) days nexe after the same severa!1y become due and payaUte, without demand or norice. o~ (c) in the event each and every the stip~tations, agreements, cor.d~tions and covenants of sa.d promissory note and th;s mortgage any w either are not ~uly, promptly and fully performrd, d.scharged, eaecuted, eftected, canpieted, compl~ed w~th and ab~ded yy, then in e~ther or any such event the sa~d ag- grega~e sum mennoned 7n sa~d promissory note then rema~ning unpa~d, with interest accrued, and ail moneys secured hereby, shall betome due and pay- ab;e forthwith, or th«reaf~e~, at thn oprion of sa~d h10RiGAGEE, as fully and completely as i( all of the sa~d sums of money were or~gi~a~ly shpulated ro be pa~d on such day, anything in sa.d pro:n~ssory note or in this Mortgage to the co~vrory notwithsta~~d::~g; and thereupon or thereafter at the opt+on of sa:d MORTvAGEE, without nor~ce or demand, su~t at law w in equity, therefore or lhereaSter begun, may be prosecuted as'if all moneys secured hereby n~d matured pnot to ~ts i~stitution. 7. That in the event that at the beginn~ng of or at any time pending any suit upon this Mortgage, or to fo~eclose it, or to reform it, or to enforce payment of any daims hereunder, said RIIORTGAGcE sha~t apply to the Coun having ~ur~sd~ctiQn.t4~~eef {or the appomtment of a Recenrer, such Co~rt shail forthwith appoint a receiver of said mortgaged property ail and singular, incl~~d~ng ai1 and sinqula~ the-irtcome, prof~ts, issues ar.d revenues from whatever source derived, each and every of wh~ch, ie being express!y unde~s~ood, is hereby morfgaged ns ~f spec~ficef!y set forth and described in the grannng and habendum clauses hereoF, and such Receiver sha~l have all the broad and eftective funct~ons and po~n-ers in anywise entruited by a Court to a Receiver, and s.,ch appointment shall be ma~e by s~ch Co~rt as an ad~nitted equity and a matter of absolute r~ght to said h10R7GAGEE, and without re(erence to the adrquaty or inndequacy of the value of the property mor~gaged or to the so:vency or ~nsotvency e( said MORTGAGOR w the defendants, and that such re~ts, profits, i~come, issues snd revenues shall be applied by such Receiver accwd~»g to the lie~ or equity oi said MORTGAGEE and the practice of such Court. B. To du?y, promptly and fully pe~form, discharge, execute, effec~, compiete, comply w~th and abide by each and every the stipulations, agreements, conditions and covenants in said prom~sswy note and this mortgage set fwth. 9. That in the e:ent the ownership o( the mortgaged prem~ses, or any part thereof, becomes vested in a perwn other than the MORTGAGOR, the h'.OR7GAGEE, its successws and ass~gns, may, w~thout norice to the MORTGAOR, deal with such svccessor w successor in interest with reference to this rrortgage and the debt hereby secured in the same manner as w~th IAortgago. w+thovt in any way vit~ating or d~schargtng the Mortgagori liability here- ~ndei w upon the debt hereby secu~ed. No sa'e of the Frem~ses hereby mortgaged ar.d no iorbearance on the pan of the IAORTGAGEE or its successors or ass~gns and no e:trnsion of the time for the payment of the debt hereby sec~red given by the MOR7GAGEE or its s~ccessas w ass~gns, shall operate ro reiease, discharge, modify change or aifect the origmal liao~fty of the MORTGAGOR herein, either in whole or in part. 10. It is specifica:ly agreed ~hat time is of the easence of t~+~~ contract and that no waiver of any obl~gat~on hereunder or of ?he obligaYan se- c~red hereby ahall at any time thereafter be he:d Io be a waiver of the terms hereof or of the instrument secured herby. 11_ In acid~tio~ to the fcrego n9 mon~h!y yayments of princ'pat and interest reqvired by the promfsscry nore secured h<<eb,r, mo~tgagor covenams j~d agrees to pay ro mo•igagee vcith each mon+hiy ;,ayr.,em an add~rional wm est~~,:a~ed by mortgagee to be equaf to 1, 12 of ~he annual cost of the follow- ~n3: ~ A-All real prope~ry taxes levled or assessed aga~~st thc above described rea~ estate. B--Pramiums on fire ar.d windsto~m insurarce as here~n requ;red to be ca.ried en the :mprovemeats s:tuate on thc above d-cscribed premises. C-Premiums on such mortgage guaranty ir.surar:ce as mo•tgagee shatl fron. t rne to time deem fit to carry on the toan secvred hereby. i Mortgagee sh;ii from time to time not~fy morty~gor in writmg of the arr:o~~t d~e and payable hereundrr and such sum shall thereupon be due and ~ F ayable on the due date of tfie next month!y payment and each s~ccessive month thereaftcr ur.ti{ mortgagee shall not~fy mortgagor of a change in such ~ e~ o~nt. Such sums sFa:l de appiied by mortgagee to:~ard the payment of rsal prcperty ta~ces, insurance prem.ums, and mortgage guaranty insurance ~ c•emiums. . ~lAI YlIT E55 WHER' F, the~sai ORTGAGOR has herevnto set his han~ and seai the day and^ year first aforesaid. , ~Sealed a d t presence of: 1 ~ ~ 7,~c ! ~ ~ ~ ' al) 3 OSe $C Il. (Seap ~ ~ - ' ~9cri'u. 'l,..-t -(Seal) ~ ~ ~ F Mary~ Scarpel i ~seaq ~ 7=//. o;'S STATE OF•51QQlY~ t ~ COUNTY Of ~a~~e ' ~ ~ Before rr» perso~ally appeared Joseph Scarpelli end ~ ~`h~- ~Y SCc'll' elll _ his wife, to me well known and known to me to be ~ tf,a indiyidus ~N~juibed in and who executed the fwegoing instrument, and acknowledged before me that they executed the same for the purposes ' Fiary Scarpelli ih~r~:ewprp ~ /~~A/~d the said ~ ~,ife e uia.L.' Jose~h Scarnelli upon a separate and private e,cam,na~y mf:~slcen xparate and apart from her said husband, ack~owledged to and before me t she executed said instrument f-eety and volvn- !an~~r a~d withobt efry compulsion, constraint, appreh s~or., w fear of or from her said husbar.d. ~j~ ~ ,~{A~~N~~~and and offiual seal this_ day of _ r A. D. 19-L~ ~y ' f~J ~ , ~ ~C Notary Publ~c in and for the StaN of ' r y. ~ ~ My Ccmm~ssion eapires: Retum To: ` - r-. n. -_c;~ ~ M CotnmlS3:Oq E7t i~BS OC~ :~a ~91~ Firzt Federal Savings b Loan Association - . e uOL:G 1 ~ Of Fo~t P erce. ~~OJ `•i•• Y' ' ;..vENUE - c~ sicAGO, ~~~~~vocs eoai s z46334 Fort Pierce, Flor~da ~ fIIED AqD RECORGEO ST_ LUC1E COUNTY L- L~ This Instrument Prepared By J. H. Roberts~ Jr. ROCER POITRAS ;~4 First Federal Savings 8 Loan Association CLERx C~~CUIT COURT of Fort Pierce ~ Florida RECORD YFP,~F~EO Checked By !e~- d R~ ,1u~ Z3 12 44 PN ~~3 800C P~4~f ~ ~ _ _ - - ; ~ ~ , z r ;~~a, ~ ~ ~ - . - ~ '~`x~ r._ _:~5s°~`~ _