The URL can be used to link to this page

Home My WebLink About1019 ~ . 3. To ptace and co~~ir,uously keep on !he buildings ~ow a hereait~r situ~te on said land and on ~II equip~Ten1 and persona~~y covered by 1h1s morlg- sgs, w~th all prem~umi thereon pa~d in full, fire insv~ance in ths usual standerd policy fwm, in a sum approvcd by the MORTGAGEE, and winditorm insurance in the uwal ~randard pol~cy form, in a sum approred by tM MORTGAGEf, in ~uch company or campan~es a~ ~he MORTvAGEE m~y d~recr, •nd all firo and windstorm insurance poliuei on ~ny of uid build~~ys, iny inte~e~~ ~he~ein or part thersoi, in ~M aggre9~~e sum afo~esaid a in excess fhereof, shell ca+tain ~he ~sual standard mortgagse claus~ a sucfi other tlause as IM Mort9agee may requ~r~, makinp the loss unda fr~d poli- cies, each and every, payab~e to ia+d MORTGAGEE as i1s interest may ~ppear, •nd each and every iuth policy shdll be promptly ass gned and delivered to any held by utd MORTGAGEE at further security to ~aid mar~9age debt, and, not less than ten (10) dayi in advance of the expiration of each poticy, to da fiv~~ to said MORiGAGEE a ~enewal thereof, togethar wi~A a rece~at fw the p~emium oi ~uch ronewat; and ~here shall be no flre or winds~o~m insurance plxed o~ iny of said building~, ~ny i~terest therein or part thereoi, unleu i~ the form and wi~h th~ loss paysble si aforesaid; and in the e~ent ~ny sum of money bccomes payable unde? s~ch pol'~cy w pol~cies said MORiGAGEE ~halt hsve the option ro recaive and apply the same on account of the indebted- ness secwed he~eby oa ?o permit said MORTGAGORS to reteivQ and us~ it w any pan thercof for othcr purposrs. .v~~houf tha•ebf wa~~~ng u~ ~~npn~r- in9 any eqvity, lien w~ight under or by virtue of lhii mo:tgage; and in the tveM sa~d A~ORTGAGORS shall ta any reaio~ iail to kelp Ihe said premii:s so insured, w fait ro delive~ promptly any of said polic~es o( iruurance to ~aid MORTGAGEE, or fail promptly to pay fully any pre~n~um the~efw or in a~y reipect fao~ to perfwm, d~scharge, execute, e(fett, complete, comply with and ~bide by this covcnant, ar any parf he~eof, sa~d MOR1GaGEE may place and pay fw ~uch insurante tx •ny part thereof withoul waiving a ~ffectinp any option, l;en, ~equiry, w r:ghr unde~ w by virtus oF this Mortgage, and the ful! amovnl of each snd eve~y such payment ihall be immediately dw and payabls and shall bear interett fra~++ the date thereof v~til pa~d at the rate ol ~~ne pe~ cen~um per annum and to~ether with such interest shall be secured by the lisn of this mortgage. 1. To permit, commit w suffer no waste, impairmem or deterioration of said property a any paA thereof. 5. To pay all and singular the costs, char9es and expenus, inctuding a ~easo~able attorney i fee and costs of abstracb of title, incurred or pa~d at any time by sa~d MORTGAGfE, beca~se or in i0~e tvent of ?he isilu~e on the part of the said MORTGAGOR to duty, promptly and fu11y perform, d~scharge. execute, effect, corr+p~ete, comply wiih and ab~de by each and every the stipulations, agrcemems, conditio~s, and covenanrs of said prom+ssory note and rhis mortgage any w eirher, and sa~d co~rs, cha~ges and eapenxs, each and evcry, shall be immediately due and payable; whethrr w not there be notice d~ mand, atfcmpt to collect w svit pend~ng; and ths fuN amount of each and every s~ch payment shall be~r interes~ from the da~e the~eof until paid ~t the rate of nine per cemum per an~~~m; and aU said costs, charges and exprnses incw~ed a paid, togethcr w~th suth interest, shall be secured by the lien of thi~ mort9sp~. 6. That {a) in the event of ~ny brexh of this Martgage w defsult on the psrt of the MORTGAGOR, a(b) in the event any of saTd aums of mo~ey herein reterred to bs not p~omptly and fully paid within thirty (30) d~ys near after thc same uvr~ally betome due and payable, without demand or notice, or (c) in the event each and every the stipulatiau, agreements, conditions and coven~nts of sa~d prom~ssory note and th~s mortgage any w e~tF~er are not iuly, promptty and fully pcrfwmed, d~uharged, executed, effected, compkted, complied wi~h and ab~ded by, then in either p any such event the aa~d ag- gregare sum mentioned in sa~d p~om~uwy note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay- able forthwith, or tAereafter, ~t the opr~on of said MORTGAGEE, as fully ~nd completely as if all of the wid sums of mo~ey were wiginally st~pu~ated ro be pa~~d o~ such day, anything in sa~d prom~ssory note or in this Mwtgage to the connary no~wi~hstanding; and thereupon w thereafter at the opt~on of sa~d MORTGAGEE, w~thout notKe w demand, iuit at law or io equity, therefore or thereafte~ begun, may be p~oucuted as if a!1 moneys secured hereby had matured pnor to ib institution. 7. That in the event that at the beginning of or at any time pending sny :uit upon this Mortgage, or to fdetlose iT, w to reform it, or to mforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jur~ad~aion thereof fa the. }ppo;ntment of a Receiver, such Covrt ahall forthwith appoint a receiver of said mortgaged propeAy all snd singula?, includ~ng all and singu~ar the income, ~of~ts, issues and revenves from whateve~ source derived, each and every of whKh, it being expressly urxJers~ood, is hereby mortga9ed ss if speufically sel fpth and dewibed in tAe granting and habendum ctauses hereof, and such Receiver shall have all the broad and effective funcnons and powe~s i~ anywise entrusted by ~ Cou~t to a Receiver, and s~ch appointment shall be made by such Court as an admitted equity and s rt+atter of absdute right to said MORTGAGFE, snd without reterente to the adeqvacy a inadequacy of the value of the property mortgaged or to the sotvency or insolvency oi sa~d MORTGAGOR o~ the defe~dants, and that such renrs, profits, income, iuues and reveaues shsll be applied by such Receiver accwd~ng to the lien w equity of said MORTGAGEE and the practice of such Court. 8. To dufy, promptly and ~ully perform, d~:charge, execute, effect, comp!ete, comply with and abide by each and every the stipulations, agrcements, conditions and covenanrs ~n said promissay note and this mortgage set forth. 9. That in the event the ownership of the mortgaged p?emises, w any part thereof, becomes vested in a person other th+~n the MORTGAGOR, the MORTGAGFE, its successo~s and assigns, may, witi~wit notice to the MORTGAOR, deal wilh such sutcessor or sutcessw in interest wi~h reference to this mortgage and the debt hereby secu~ed in the same manner as with AAortgagw without in any way vitiating or discharging the Mortgagors' liability herr ~nder a upon ~he deb~ hereby secured. No sale of the premises hereby m.ortgaged and no fo~bearance on the part of the MORTGAGEE or ita successors or ass~g~s and no exiension of the time fa the payment of the dcbt hereby sccured given by tht N10RiGAGEE or its ~ucce:sws or auigns, alull operate to release, d~scharge, modify change or affect the o?ig~nal liab~;~ty of the MORiGAGOR herein, either in ~vhole or in psrt. 10. It is spec~fically agreed that time is of the essence of this contrad and that no waiver of any obligaf;on heieunder or of the obligation se- cured hereby shall at any time thereafter be held to be a waivt? of the terms hereof w of the instrument secured herby. I1. In add~tion to the fwego'ng monthly payments of princ'pal and interesl required by the promissary note secu~ed hereby, mortgagor covenants and agrees to pay to mo:tgagee v~ith each monthly payrnent an add~rional sum est~n,ated by mortgagee to be eq~al to 1/ i2 of the anrtual cost of the follow- ing: A-All real property taxes lev~ed or assessed agai~st the above destribed real estate. B-Prerniums on fire and windstorm iasurar.ce as he~e~n requ;red to be carried on the ~mprovements situate on the above described premises. C-Prr~n~ums on such mortgage guaranty ir.surar,~e as mortgagee shail from t~me to time deem fii to carry on the loan secured hereby. Mo~tgagee sha+t from rime to time ~otiFy mortgagor in writing of the amount due and payable hereundar and such sum shall thereupon be due and ~ ayable o~ the due date of the next monthly payment and each successive mo~th thereafter urtit mortgagee shall notify mortgagor of a change in such a~••:oun1. Such sums shali be applied by mortgagee toward the payment of real property taxes, ins~rance prem:ums, and martgage guaranty insurante oremiums. IN WITNESS Y'1HEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first afore ( ~igned, Sealed and deliver 'n the resence of: ~ . ~ ~ ~sry _ ? nCO R Ol , (~ap - ~ (Sea4 ' ` ita Ro olin ~~si~ STATE Of fIORIDA " 1 COUNTY OF $t. I.11C1E~ J SS. 1 Before me personally appeared - FZ~1C0 ROQOIlIfO a~ ; Juanita ROq01~1f0 his wife, to me weil tcnown and known to me to be tha individuafs described in and who exetufed the foregoing instrument, and acknowledged befote me that they executed the same fot the pu~poses rhe~een txpressed. And the said Juanita Roaolino w~Fe of the said Franeo Rogolino upon s uparate and privsts examinat~on by me taken xparate and apart from F.er said husbar.d, acknowledged to and beFore me tFtat she executed said instrument freety and vol~rr rar~ly and w~tF~our any compulsiw~, constraiM, appreh~^'~qn{ g fear of or from said~huibsnd. ' ~ .L ~ ~ Jan ua WITNESS my band and official teal thi - f 'I3 \ !+~p; ~9 - Nota?y Public in and for t~t~of flori~ at.(Arge~~~ , FILED AHD ?~.ECOROEO My Commisian expires: ~S~v~', :~s; _ Rer~rn To: ST.lUC1E COUNYY FLA. ~ ' First Federal Savings S toan Associat~on ROGER POi7RAS - ~ ~ - Oi Fo~t P~e~ce. RfC4R0 YERtfIF~ COURT ~1 . Fort Pierce, Florida 'f ~ i • •!u+ 1~ 3 29 PH'73 ~ This Instrument Prepared By John W. Collins ~ First Federal Savings 8~ Loan Association of Fort Pierce , Rloiida ' Checked By i ~ ~2~~ ~3 0'i7 15 - - - r i ~ ~ ~ eP. - ~ . - _ ' k~ ~ . ~ - <a