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Home My WebLink About1498 . . 3. To place and con~~n~ously keep w+ t1~e bu~:d~r~s now a he~eait~~ t~tu~q on s~id I~nd and on all equipnent and psrsonally covered by thi~ ma~ p~, wlth all premiunw the~eon pa~d in futl, lire insuranca in tM ususl swnd~~d policy lam, in • sum ~pproved by the MOR~GAGEE, ar~d wind~~am inti~r~nce in tl?~ usual sr~ndard po~~cy fwm, in • sum ~pproved by ~M N60RTGAGEE, in fuch canpa~y or compa~~es ~s ?h~ MORTGAGEE inay dw~dt u~d a0 (irs aod w~~datorm i~surance policies on any of said build~~p~, any in~erest therein w pa.t thereo(, i~ tM pgrey~~e wm ~faesaid o~ In exceu Ihereo(, tMll con~ain ihs usual ~tandard mortps~ clavie a auch otha clauw ~s 1M N1at9ay~e may regu~re, makinp tha iou unde~ sa~d pol{- ci~s, e~th and every, payable ?o se~d A10RTGAGEE ai its interesl may appea~, u+d each and eve~y tuch policy shatt be promptly ais.g~ed a~d delive~ed ~o ~ny Mld by s~id MORTGAGEE as funher sccurity to said matpaye dcbt, a~d, no~ leu ~han ten (10) days in advance o1 the expira~ion of each policy, to d~- liwr ro said lNORTGAGEE a renewal thereof, topethw with • reteipl fa Ihe prtmium ot tuch re~ewal; and thert shall be no fire or wind:to~m insurante plac~d on ~ny of said buildings, any in~ereil therein w parl thereof, unlesa in ~h~ form and with tM los~ payable as afaessid; and in tM evenl any sum of money becar+es payable under such pol~ty w polccies iaid MORiGAGEE shall have the option to ~eceive and apply ~he same a? +ccount of the indabted- nea secu.ed hcroby a to permit said MORTGAGORS to tettive tnd u~s IT a aoy pa~l thereof for oihcr purposes, v.~~hout ihano~ waiviog or ~mpair- inp ~ny equity, lien a right under w by virtus of this mortgaye; u~d in the ~ven1 iaid MORTGAGORS shell (o~ any reason fail to keep Ihe said premises so insured, or fail fo delive? promptly any of said policies of insurants to said MORTGAGEE, w fail promptly to pay fully any pre~~ium therefor or in any respect fail ro paform, discharge, execute, ef(ect, complets, comply with and abide by thii cova+anl, or +ny par~ he~eof, u~d MORiGAGEE may p~ace a~•d pay fw tuch i~surance w sny part thercof withoul waiving w aftectinp ~ny option, lien, pvity, or right under w by virtue of this Mw~gage, ~nd the full amount of each and ewry such payrrknt shal~ be immediately dw ~nd payable ~nd shall bear interest from the date thereof until paid at the rate o1 nin~ per centum per annum and to~ether wi~h svch interes~ shall be secu~ed by tFa Iien of thii mortgsge. 1. To permit, commit or suffer no waste, impairment w deterioratan of said property w ~ny part thereof. 5. To pay all a,nd singular the costs, charges and expenses, including a reasonable attaney's fee and cos~s of abstrads of title, incur~ed or psid st any time by seid MORTGAGEE, because w in the event of the failure on the par~ of the said MORTGAGOR to duly, promptly and futly perform, d~uharge, execute, eifect, complete, comply with and ab;de 6y each and every the stipulations, agreements, conditions, and covenants of said promisswy note and this mwtgage any o~ either, and sa~d costs, charges +nd expenses, each and every, sMll be immediately due and pay`ab1e; whether w not there be ~otice dc mand, attempt to colkct or suit pending; and the full amount of each and e~y suth paymem shall bea~ interest from Ihe date thercof uNil paid +t the rate of nirw per centum per am~um; and all said costs, charges and expenses incurred w paid, togethe~ w~th such interest, shall be iecured by the lien of this mortgage. 6. That (a) in the event of any breach of this Mortgage a default on tM paA of the MORTGAGOR, or (b) in the event any of said sums of money herein referred to be not promptly and fully paid within thirty (30) days next aiter the same severally become due and payable, without demand w notite, or (c) in the event each and every the stipulations, agreements, conditions and covenants ot sa:d promissay note and th~s mo~fgage any or either are not ~uly, promptly and fully performed, d~xharged, exrcuted, eifected, completed, compl~ed with and abided ~iy, ther? in e~ther .or any auch event the said ag ~ gregate sum mentioned in said promissory note then remaining unpaid, with interesf accrued, and atl mo~eys setured hereby, shall becomt due and pay- . able fwthwith, or thereafter, at the op!ion of said MOR7CaAGEE, as fvlty and completely as if sIl of the said sums of money were originally stiputated to be paid on such day, anything in sa:d promiuory note or in Ihis Mortgage fo the contra?y notwithstanding; and thereupon or thereafter at the option of said MORTGAGEE, wirhovt notice or demand, suit at law or in equity, the~efore or therealter begun, may be prosecuted as if all moneys setured hereby had matured pnw to its institution. 7. That in the event fhat at thc begin~ing of or at any time pending any suit upon this Mortgage, w to foreclose it, w to refwm it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Coun having ju~isd~Uion thereof iw the appointment of a Receive~, suth Court sha~l Forthwifh sppoint a receiver of said mortgaged property alI and singular, includ~ng all and singular the income, profds, iuues and revenues (rom whatever source derived, each and every of which, it be~ng expressty undcrstood, is hereby mortgaged as if spec~(icatly tet forth and dewibed in tlx g~snting and habendum clauses hereof, and such Receiver shall have all the boad and eifective funct~ons and powen in anywise entrusted by a Court to a Receiver, and such appointment shatl be made by such Court as an admitted equity and a maner oi absolute right to said MORTGAGEE, end wiihout refere~ce. ?o the adequacy w insdequacy of the vatue of the property mortgaged o~ to the socvency or insoivency oi said MORiGAGOR' ot the defendants, and that such renrs, proiits, incortK, issues and revenues shal! be applied by such Receiver acco~d~ng ~o the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, d~scharge, execute, effect, comp~ete, comply with and abide by each and every the stipulations, ~greements, conditions and covenants ~n sa~d prom~:swy nate and this mor~gage set fa~h. 9. That in ?he event the ownership of the mortgaged premises, w any paA thereof, becomes vested in a perwn other fhan the MORTGAGOR, ihe MORTGAGEE, its successors and assigns, may, without notice to the MQRTGAOR, deal with such successor or successw in interest with reference to this mortgage and the debt hereby secured in the same mannrr as with Mortgagw.without in any way vit;eting a discharging tlx Mottgagors' liability herr under or upon the debt hereby secured. No sale of the Fremises hereby mortgaged and no forbearance on the part of ~he MORTGAGEE a its successors w assigns and no eatension of the time for the payment of the debt hereby secured given by the MORiGAGEE or its successors or auigns, ahall operate to release, discharge, modify chartge w affect the wginal liabilny of the AhORTGAGOR herein, eilher in whole or in pa~t. 10. It is specifically a9reed that time is of the essence of this contract and that no waiver of any obligation hereunder ot of the oblgatan st cvred hereby shall at any time thereafter be hetd to be a waiver of the terms hereof or of the instrument secured herby. 11. 1~ add.tio~ to the fwego:ng month!y payments of princ'pal and interest required by the promissory note secured hereby, mortgagor tovenants and agrees to pay to mortgagee vvi~h each monthly payr~ent an add~rional sum estimared by mortgagee to be equal to 1! 12 oi tfie annual cost of the follow- 'ng: A-All real property taxes levied or asseszed agai~st the above desaibed real estate. . B-Grem~ums on iire and windstor~n insurance as here~n requ~red to be carried on the improvements situate on the above described premises. C-Premiums on soch mortgage gua~anty insurante as mortgagee shall from time to time deem fit to carry on the loan secured hereby_ Alwtgagee shail f.om time to time notify mortgagc• in writing of the amount due and payable he~eunder and such sum shall thereupon be due and payabte on the due date of the next monthly payment and each successive monsh thereaiter ur.tit mortgagee shall rwtify mortgagor of a change in such amount. Such sums shail be applied by mortgagae toward the paymenf of real property taxes, insurance prem:ums, and mortgage guaran?y insurance premiums. ' IN Y~ITNESS YlHEREOF, the said MORTGAGOR has Fwreunto set his hard and seal the day and year first sa~ . j ' ~ed, Sealed and delivered in the presence of: - ~ a4 ~ . an o _ i , ~aq s~n ~ t5ea~ STATE OF fLORIDA $L . UICiQ couNrir oF 1 Before me personaliy appeared Franoo Rogolino a~ .TI18111td Rogolino his wife, to me well krawn a~d known to me to be the individuals desuibed in and who executed the fwegang inst~ument, and acknowledged before me that they executed the sartK fo~.,the purposes rherein expre:xd. And the saia Judllita Rogolino ` - • ~ ; ' Rranco Ro lino ~ wi(e of the said - ~ ,upon ~ separelq and private examination by me takan separate and apart from her said husband, acknowledged to and before me that she execvte~.~aid ir~t~rnlrtt Fceply- api! voluo- tarily and without any compulsan, constraint, apprehens"on, w fear of or from Fur said husband. ~ ~ . . . N ~~1" 1 : WITNESS my hand and official seal this day of ~ h - ArD: 19~_ - . . ~ ~ Notary Public in and for the St e-, fiorida a1 lerg4 My Commission e:pires: ' ~ • . . ~'r ~ Return To: t1UiARY PUBLIC, STATE of FLORlRA n~~R6F~ First Fedenl Savings a Loan Association ~ Of Fort P:erce. MY CUMM~SS~ON EXPiRES SfPT. 25,-1975 Ei«Wed B~4a~iao Bankers I~urance ~;a~. ~ For: Pierce. Florida f ~a ~N~ RECOaoto WCIE COUNtIf F1A. This Instrument Prepared By John W. Collins Rp~E? ~O~TRAS j, First Federal Savings 8~ Loan Association C~EHK C~~~CUiT COURt of Fort Pierce ~ R1oZida ItEGOii~ VEP'•~~E4.~---- Checked BY ~ ~ ~Z ~ . . BOQK PAGE1498 ~ ~932 - - - ~ _ _ -