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Home My WebLink About2749 - To pt~c~ ~nd continuou~ly ?s~p oo ~he bu~'d~n~~ now a hs~ea(tN siru~r~ on sa~d land tnd on atf equipnent ~nd pN~on~lly cowred by thi~ mwt9- +p~, w+1h ~II pr~m~umf thorcon ~:a.d in lull. 1~ra in~ur~nc~ ~n iM wwl uand~id potiq fprm, in • tum approvcd b~r IM MGR~GAGEE. •~~d w~~+d~twm 7nswanc~ in ~M u~u~l •~~ndi~d po:.cy torm, in •~um approv~d by tM MORiG~GEE, k? such company a comp~~~~s as ~h~ MORiGAGfF m~y d~rtcrt ~nd •11 f'u~ and w~~dsrorm inauranc~ polx~~ o~ any o( u~d build~nps. ~ny in~~r~~t ~4,~rri~ w part thereo(, in tM ap9~eyaq ~um ~iacu~d w f~ uces~ ~Aereoi. ~hall con~ain ~M ~iwl ita~~dard mor~ya9N cla~s~ a~uch oiha clauN ~i Ihe Mw~q~ycs may requn~. m~Airq ~h~ Ioa wKler u~d po1F cies, each ~~d OVHy, payabt~ ~o said MORTGAGEf at iti imerest mty ~pp~ar, and each ~nd every such pol~cy sh~l1 be promptly ass yned +~+d dalivered ~o •ny held by said MORTGAGEE a~ (u~~ha ~ecuri~y ~o utd ma~pay~ debt, and, not less ~1we ~~n (10) d~ys in adwnce oi the •apir~tan o( e~ch policY. to dr ~~w~ b said MOItTGAGEE ~?~newal ~hereo(, ~op~~1,N w;rh • rate~pl fo~ th~ p~~mium of ~uch ra~ewal; and the.~ ihall be no f~.e o~ winds~u~~n insuru~cs plxed on any of said buiW;ngs, any interNt tMre~~ a p+rl IMreof, unleu in the fo~m u+d wi~h tM lou payabl~ at •fae~aid: ~nd in ~M •v~nt any sum of monay becerr~es payable under such policy w policios uid MORTGAGEE shall havs ~M opi~on ~o receive and apply the same on ~uovnt oi tha i~debred- ness ~ecured hNeby w ro pHmit isid MORiGAGORS to reteiva and us~ i! p any pan fhe:eol fa ofhcr µur~~oses~ Yi11IlOJ~ ~h,~.u~ wai~~~~g o~ ~~~~peh- iny any equity, li~n o~ ~igh1 under or by virtue of ~hii mo:sy~ge; and in tM ~vero u~d MORTGAGORS ihall }a ~ny reason isil fo keep ~he sa~d premi~rs w insured, or fail to detiva pamptly ~ny of said polities o( inturante to s~id MORTGAGfE, or fail promptiy to pay fully any premivm ihe?efa a in a~y ~espect f~il lo perForm, distMrge, executs, effect, complNe, comply wirh ~nd ~bid~ by ~his covenan~, a a~y pa~t hereof, sa~d MORiGAGEE may pl~ce and paY ta tuch iniurance a ~ny part fhereof without w+iv'u+g a affec~iny ~ny option. li~~, eq~ity, w right under or by vutue of thii Mor~gaqe. ~nd Ihe full amovnt of each and every s~ch paymenf sha11 be immediately dw ~nd psyable and ~hall besr intereal from ths data thereof unlil p~id at the ~ate oi n~ne pe~ centvm pe~ annum a~x1 to~ether with such interest shali be setu~ed by the lie~ of Ihis mwtgage. 1. To pe?mi1, commit u suffa no wasts, ImpairmeM o~ deteriwation of said property or any pa?i thereof. S. To pay a!I and sinyular the costs, charges ~nd expenses, inttuding s reaso~able +ttwney i fee and costs oi abst~acts of title, incurred w paPd af any time by said MOR7GAGfE, because a in the evenl of lhe failure o~ Ihe part of ths said MORTGACapR to duly, promptly and futly perform, diuhar9e. execute, effett, complete, compty with a~d ab:de by each and every the stipulstiorts, agreements, conditiau, snd cevenanti of said promisso.y nota and this mortgage any o~ either, ~nd sa;d costs, cMrges and expensas, each and every, thall be immed)ately dw snd p~yable; whethzr a not th~re be no~ice do- mand, attemp~ to col{ect or suit pend~ng; and the tull amount of cach and every such psyment shall bear interest from Ihe date thereof u~~il paid at the rate of nine {x~ centum per annum; and all uid tosts, charges and expenses incurred or paid, together w~th such inlrresf, shall be secwed by the lieo of this mortgaQe. 6. 7Ast (a) in the event of any breach of this Matgsge or default on the part of the MORTGAGOR, or (b) in the eveM any of said sums of money herein referred to be not promptly arxl fully paid within th;rty (30) days next after the same severalty become due and payable, without demand or notice, or (c) in the event each and eve~y the stipulations, agreemems, coodi~ions and covenants of sa~d p~omiswry note and th~s mwtgage any or ei~her are no1 ~uly, promptly and fully periwmed, d~scharged, executed, eitected, completed, complied with and ab~ded ~iy, then in e~ther or any such event the said ag- , y gregate sum ment~oned in sa~d p~omissory rwte then remsining unpaid, with intereat accrued, and a11 moneys secured hereby, shall become due and pay- able forthwith, w thereafter, at the opt~on o( said MORTGAGEE, as fulty and complNely as if all of the safd svms oF money we~e orginally st~pulated ~ to be pa~d on such day, a~ything in sa:d prom~ssory note a in this Mortgage to•~he contrary notwiehstanding; and thereupon or thereafter at rhe option of sa+d MORTGAGEE, w;thout nonce or demand, suit at law ar in equity, therefwe w therea(ter begun, may be prosecuted as if all moneys setured hereby had matured prior to its institution. 7. That in Ihe event that at the beginning of or at any time peoding any.suit upon :t Mortgage, a to fwectose it, or to reform it, or to enFo~ce payment of any daims he~eunder, said MORTGAGfE shall apply to Ihe Court having jurisd'e~ i thereol for tF?e appointment of a Receiver, such Court shall forthwith appoint a receiver of said mortgaged properfy all and singular, includ~ng all and siny .i.v the income, proi~ts, issues and revenues from whatever so~~ce derived, each and every of which, if bei~g expreas~y understood, is hereby mortgaged a~ if speci~ically set fwth and described in the granting and habendum clauses hereof, and such Receiver shalt have all the broad and effective functions a~d powers in anywise entrusted by a Court to a Receiver, and i s~ch appointment ahall be made by such Court as an admitted equity and a maiter of absolute rlght fo said MORTGAfaEE, a~d without reference to the adequacy o? inadequaq ol fhe value of the property mw?gaged w to the wtvency or insolveecy of sa~d MORTGAGOR a the deieoda~ts, a~d that such rents, profits, incwne, issues and reveriues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE snd the practice of such Court. 8. To duty, promptly and fully perfo~m, discharge, execufe, effect, complete, comply with and abide by each and every the stipulations, agreements, conditio~a and covenan?s in sa~d promissory note and this mortgsge set fdth. 9. That in ~he evenl the ownership of the mortgaged premises, w any part thercof, becomes vested in a person other than the MORTGAGOR, the ' h:ORTGAGEE, its successors a~d assigrss, may, wirtw~t notice fo the MORiGAOR, deal with sucb succeuor or successor in interest with reference to this ' mo~tgage and ti~e de61 hereby secured in the same manner as with Mortgago~ without in any way vitiating ot diuharging the Mortgagorf liability Fiere- under or upon the debt hereby secured. No sale of tF~ premises hereby mortgaged and oo forbearance on the part of the /AORIGAGEE or ifs suttesson or assigns and no exte~sion of the time fw the paymcnt of the debt hereby secured cjiven by the MORTGAGEE or its successors w auigns, atiall operate ro release, d~scharge, modify change o~ affect the original liab~lity of the MORTGAGOR herei~, eithtr in whole or in part. 10. It is specifically agreed that time is of the essence of this contratt and thal no waiver of any obligation hereunder or of the oblgation se- } cured he~eby shall at any time ~hereafter be held to be a waiver of the terms hereof or of the instrument secured herby. . t 11. In add~tio~ to the for o'n m,onthl a mants of ~ $ eg g y p y prinCpal and interest required by the p~omiswry note secured hereby, mortgagor covenaMS } and sgrees to pay to mortgagee with each monThly payrnem an add~rional sum est~mated by mortgagee to be equal to 1 j i2 of the annual cost of the fottow- in~: A-AI{ real prope~ty taxrs levied or assessed against the above described real ~state. - B-Premiums on i~re and ~vindstorm insurar.ce as here~n requ~red to be ca.ried on the imp~oveme~ts situate on the above d>scribed premises. C-Premiums on such mortgage guaranty insvrar~ce as mortgagee shall from t~me to time deem fit to carry on tfie (oan secured hereby. Nfortgagee shafi from time to time notify mortgagor in writ~ng of the amount due and payable h~reundr? and suth sum shall thereupon be due and Fayabie o~ the due date of the next month!y payment and each successive momh thereafter ur~il mortgagee shall not~fy rrwrtgagor of a change in such a~~ount. $uch sums sF.all be apptied by mortgagee toward the payment of real property taxes, insurance prem;ums, and mongage guaranty insurance o ~emiums. IN V~ITNESS YlHEREOf, the wFd MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. • 5'gned, Seated and delivered in the presence of: i an Z 1 s~~ Sean - Ph l i Mal ~a~ ~ : STATE OF FLORIDA : St. Lucie ~ 4 COUNTY Of ~ Befwe me personally a peared Peter Maltese a~ ~ . ~yllis Maltese his wife, to me well krwwn and tr~sw~'1~.rne to be rhe ind;viduats described in and who executed the foregairg instrument, and acknow{edged befwe me tFwt they execut~dNl~~~~for,'1ty ~urpose~ therein expressed. And the said r~~4~ ; r.:Ie of the said Peter Maltese •~';,~;,~~~;eper ~e~'~}p~ivate examinatio~ by me taken separate and apart from her said husband, acknowledged to and before me that she execute~.~a~its rfGFiMt fre~el~-~ votun- rarily and without any compulsion, constraint, apprehens;on, q fear of o? from her said husband. WlTMESS my hand and official seal this 1~ f'i_ day of Z1~, ~~_~,".7~ . ' , ' Notary Public in and for Q f Florida ~f • ~ t My Commiuion expires: Return Toc • v ' ~ fint Feder~l Savings ~ loan Association ~~'~j~p~``~(~~ a uR~E ~ Of Fort P~erce. ~ COMh11SS10N .EXPIRES $EP~. 25~ 1975 Fort Pierce. Fbrida ~~p~~ ,ded gy qmencan gankas Insuqnce t;p, ' v This Instrument Prepared By John W. Collitis fItED Al10 AECORDEO ' First Federal Savings b loan Association fT. ~tICIE COUNTY FIA. ~ of Fort Pierce~ ROGEA POtTRAS Flori da CLERK C~BCUIT COURT ~ RECORO YERIFIEO Checked By Ant I I 3 z~ PM'13 bOCK~~~ PJtCE~7JV , _ - - - - - - - - ~ - - _ u~