HomeMy WebLinkAbout2907 To ptace •nd co~~~nuo+.tl~ Aeep on the Lu~.J~~.y~ noai a F.ere~t~N utwh ~,n ~~~d ~~•~d ~nd w+ ~1~ .~.,.~y•M~r ~d pN~~~1~ co~e~ed bv ^~q~
p~. wi~h ~11 pr~mwms ~he~ew~ p~~d ~n fuSi, L~e i~swa~~ce M~~ wwl ~u~d~•d po K~ fam. • ~YT ~y~:p~ed br ~M M:~R~c,wGtE. .~~d w~~di+w~w
intwanc~ in ~M uswl •~~nd•rd pol~cy lam. in ? iv~+ ~pp~Or~ by tM MORiGAGtE. in wcA compr~~ w cu^~v«~r+ N~?w 1NO~IGAGEE ~ay
dir~tl~ ~nd ~11 fu~ and wirxbwrm insur~nt~ polici~s on MY o~ said bvild.np~. ~ny inN~~~~ Mwe~n or tAt.w~. ~n IM p9~~p~N wT ~1a~Nd or
In ~xcns ~he~eol, dNll conuin ~he uswl ~~a~~dud ma~y+pk davs~ a wcl+ a!~ d~u+~ M ~M Ma+aWw ^+~r ~~y~~~. '^~~'^Y 1Q~ •"d p°u'
ci~s. each Md ~vKY. Wr~bl~ ~o s.d MORiGA~rEE +f d• ~nta~as~ nu~ and eacA ~rd •.ery ~vch ,wi•~~ •M~1 b. p•a+~p~~~ u?Q~~ed ~~~d d~tns~cd ~o
~ny hetd by said MORIGAGEE ~s tv~~ha ~ecu,ity ~o ~a~d matop~ d~bt, ~nd. nw ?~u iFwn hn 1101 da~rs ~n .d+..~K~ 01 eapr~~wn ol ~~ch pol.cy. ~o dr
livK ?o faid MORTGAGfE • rtnew~l Ihc~~ol. ~ogt~Mr w~~A a ret~~p1 Iw 1ht pr~n.iwn ol wtA ~e~~e«~t; ~~,d ~I~rr• ?ty'1 w~w lue o~ w~rK3?~o~m i~awa~c~
pl~ced on ~y of uid build~n~s. ~~y inllrlft II1N~M Of p~rt ~Fa~wf. unks~ i~ tM Iwm ~nd w~~h ~he ~oss c.+~~L•le a~fa~w~d: u~d in ~h~ ~~rsnt +n~ wrn
of nwnt~ beco~+es p+yable vndcr such pohty a polKies ~a~d MOR~GAGEE ~MII Mw ~he optwn ~o ~ecr.vt e~~d .y: ~y ~h~ unK on ~cca,~~~ of NK M~deb~ed-
nesf secured he~eby a 1o pecmit said MORTGAGORS ro rcceiw a~d uw if p•ny pa~t thr~rof fw oi~•~•r y.~.F,a~rs. v.,+' ovt ~h -r. u~ wo~.. ~~„~u~•-
iny any equity, lien a righl unde~ w by virtw of thif mortaapt: ~nd i~ IM tvcnt a~d AFORTGAGORS sM" tM ~ny re~iw+ (ai) ~o k~sp th~ u~d pem~s%y w
insu.ed. o~ fail w dei~~er p~omptly ~ny ot sa~d polK~es ol ins:ranc~ to ~a~d lMORTGAGEf, a fa~s pronNUy ~o Pay iu:i~ any p~e,~~~uT ~he~el« a ~n ~~r
respect fait to pNfpm, d~scharge, execute, effecl, tomplet~, tomp+; with ~nd ~bid~ by It+i~ coveoam. w~nI P~~~ he~~o~• uK3 IMARIGAGEE may p~Kx ~~o
pay fo~ ~uch inwrance a u+y part thercof without waivinp or affectN~y +ny ootwn. li~n, pu~~y. or nph~ .~nd~r w by v~~~w ol ~hi~ Ma+y+~e. ~~~d the
full ~mouot of each and ewry such payma?t sMl: be imrnedi~tely dw and pyable ~nd shall bear in~~rest.hom ~hs dot~ Ilwreof w~~il pad a1 rh~ r~rs of
nine pe. cemum per annum and ~o~ether wnh such imerest sha~i be secu~ed by tM lien o( this ma~qpe.
1. To permit, commit o~ sufia no wa~re, imp+irmem w dete~~oration of aid p~opNty or ~~Y
S. To pay all and tingular ~he costs, cMrge~ a~d expenses, includinp + reasonable at?aneY's fee ar.d ~c.ss e( us:•..cta of titl~, incu~~ed w pa~d N
any time by sa~d MORiGAGfE, because o~ in Ihe event oi the failure on the parl o( tM said MORiGAG~.w ro duty, pr~enp~ly +~d fu11y p~.lorm, d.Kh~.p~.
execute. effect. complete, con+ply with and ~b:de by exh and every the stip~latans, agreemenn. condi~iau. an~ wvena~ a of sa~d promiiswy note ~~d ~h~~
mortgsge any or ei~he~. and said costs, charges and eaperoes. exh and wary. LFNII ~ 1rtv11l~NtOly I~W and payabie: whrthe~ p nW ther~ b~ no~~ce ds
mand, attempt to colkd or suit pend~ng; and tM Ivll amounl of exh and we*y such peym~nt sMll bear ime~r~t fran tM dat~ the~eof until p~d N ~Fw
rare o( nine per centum per an~wm; anc! all wid costs. charges e~x! eapenses inturred w paid, togetha v~uh such in~erest, shall bt tecured by tlr i~en ol Iha j
mor~gpe. •
6. Thst (a) in the event of any breach of ~his Mortgage or default on the paA of the MORTGAGOR, a~b1 in tM ~vent ~ny of u~d swns of nqnr~ ~
herein referred to be not prompdy ~nd fu~ly paid wiihin thirty (30) dsys ~ex1 after the same severally become Jw ~nd MY~Vk. w~~~+~ ~^~+^d a^o~'~t.
or (c) in the evem each and every the atipu:atiwu, agreements, conditions and covenants of u~d ~xomissory rwfe end ~h:s mortpaqe My a ~i~her ~~t no1
~uly, promPtly and fully performed, d~xharged, ezecuted. effected. completed, complied w~th and abided `:y. ~hsn i~ e;ther o~ any such ~veM Iht s+~d p~
gregate sum mentioned in saed promisswy note then remaining unpaid, with interest xcrued, and all monevs setwed hereby, ~hall betornt dw and p~y~
able for~hwith, or thereafter, at ~he option of said MORTGAGEE, as fu~~y and corrpletely at il sll of Ihr u~d sums of monsy wert ap~~u~~Y H~pu~Ned
ro be pa~d on such day, anything in sa~d p~omissory note w in this Morfgaqe to tihe convary notwi~hsundi:,g; and ~hereupon a there~fta~ a~ ~M op~~on of
said MORTGAGEE, without notice or demand, suit at law or in equity, therefae w thereafter beg~n, may be prosecu~ed as if ~II moriey~ s~cured hereby
Itnd matured priOr to its institWion.
7. That in the event that at the beginning of or at any time pending any suit upon this Mo.tgage, w to foreclose it, o~ to refam it, or to enforu
payment o1 any claims hereunder, said MORTGAGEE~shatl apply to the Court having ju~isd~ttion thereot for !he a~ointment of ~ Receiver, iuth Cov~f shall
fcrrhwith appoint a recei+er of said mortgaged property aIl and singular, includ~ng aIl and aing~tar fhe income, pro~~IS, issuef and reve~ues f~wn WIU~fwN
seurce derived, each anc! every oi which, it be~ng express~y ~ndr+etood, is hereby mwtgaged as ~f spec+iically se~ fath and dettribed in iMe 9~~^~in?q ~nd ~
habendum ctauses hereaf, and such Receiver shall have atl the broad and effective fu~c~,ons and powers ~n anyw~s~ entruited by • Covrl to ~ Rtteivsr, ~nd ~
wch appointmeN shall be made by such Court as an admitted equity and a mafte~ of absolute right to said MORTGArEE, ~nd withovt ~eiere~ce to fh~
adequsty o~ inadequacy of the value of the property mortgaged or fo the w~vency or iosolvency of sa~d MORiGAGOR ~r tl~e defendsntti, and ~h~t ~uch
renrs, profits, incorr~e, issues and revenves shall be appGed by such Receiver accwdu~g to the lien or equity of wid MURTGAGEE and ~ht practic~ of such
Court. . t
8. To duly, promptly and fu:ly perform, d~scharge, execute, effect, complete, tomply wi~h ~nd abid~ by e~ch ~nd every tht ttipulatio~s, apreamenti, ~
conditaro and covenants ~n sa~d promissory note and th;s mwtgage set forth. . -
9. That in the event the ownership of the mortgaged premiscs, a any part thereof, becomes vested in • person othe~ tMn the MORiGAGOR, tht
MORTGAGEE, its succeuora and assigns, may, without notice to the MORTGAOR, ~deal with su<h 3uccessw or svcceisor i~ inierest with refe~ente to thit
mo~tgage and the debt hereby secured in the same manner as with Mo~tgagor witfioul in any way vitiating vr d~scharging tM Mutysgws' liability htt~-
under w vpon ~he deb~ hereby secu~ed. No wle of ~he premises hereby mortgaged end no forbearance un the part of the MORiGAGEE w iti tuctetsas
or assigns and no extension of the time for the payment of the debr hereby secured given by the MORTGAGEE o? its ~ucce~tat or •as~yns, ?hall opsrat~
to rNease, diuharge, modify change w affect the origmal fiab~lAy of the IIM1ORTGAGOR herrin, either in vrhole cr in part.
10. It is spec~tically agreed that time is of the essence of this contract and that no waiver of any ohllgstan hereunder a of tht oblipNion N- i
cvred hereby shali at any time thereafter be held to be a waiver of the terms hereoi o~ oF the ins~tumenl sewred herb~.
11. In add~tion to the iorego~ng month!y payments of princ pal and interest required by the pro~~~ssory note secured hereby, mortgapM cOVtnants
and agrees to pay to mo:tgagee with each monthly pay~nero an add~rionat sum esr~mated by mortgagee to be equal to 1 j 12 oi 1he annual cotr af the follow-
in~: ,
A-All real prope~ty taxes levied or assessed ayai•~st the abovc descrihed rea) estate. !
B-Prem~v~ns on f~re and windstorm insurar.ce as here~n requ:red to be carried on the improvements situate on !he above described premites.
C-Prem~ums on such mwtgage guaranty insurar~ce as mutgagee shall iram teme to ti~r.e deem (it fo carry on the ban secured he~eby.
' Mwtgagee shaH from time to time notify mortgagor in w~iting of the amount due and psyable he~eunder end such sum shall thereupon be- due ~nd
~ payable on the due date of the ~ext monthty payment and each successive month thereafter urtil mortgagee shall nolify mortgagor of • thanpe in sutb
amount. Such sums sFail be applied by mortga~ee toward the payme~t of real propeny taxes, insurance prem.ums, a~xl mortgage quaranty insurance
premiums. ~
p IN TNESS WHfREOf, rhe sa~d MORTGAGOR has hereJnto set his hand and scal tht dey and yesr i' t~forcwid. ~
a ned, Sealed nd delivered in th presence of: ~~R
`~w~ ~ ~ ~~~Y'~~ .n
~ ` L Sav J. ro iii ~.n '
~ a RK CRI IEIO~~URT ~ ~ ~n ~
~ t[Ef~I~D YE F.~ Caraen ?ore 1 ~
~~..n i
,~~K Aht It 4 i~ PM ~73 i
F~,r S ~ ~ ~ ~i1~83 "3
couNnr oF
Before me penonally appeared ~Vil~O J• Torelli ~ ~„d
Car~en 2orelli his wife, to me well known ~nd kp~y~ ~
the individuals described in and who executed the foregang instrument, and ackrawledged befwe me tF~t they eaecutsd Ilw,~ ~ ~
rherein expressed. And the said CaZ1~n Torelli ~ ~ ~ }
Y,~re of ~~a Savino J. Torelli _ ~y .~,b~
examinaYwn by me taken separate and apart from her said i~usband, acknowledged to and before r~t that the executed ~.~d rnj~lL ~~I~j,~~
rarily and w~thout any compuis"an, constraint, apprehension, o? fear of o~ from Fxr ~sid hutband. MgtC~ f~~ T~~~ ~
WITNESS my hand and official seal this day of ' ~~+~rf-_
1 . `
. . . ~ • ~
• b"
1
Not r Pub:a in ~nd fw St~rs of •,~r/If ;
~ ~ My Commiss~on expires: g-
Return To: j, w..~^ • • -
Firsl Federsl Savirtgs d. Loan Assotianon y; " +s/ r
t. ,
O( fort P;erte. 1 k'. , r'~'=' JJY; /~I
Fort Pierce. Flar~da '~.LnM ~ ' ~•.F. • R
A
• r_ ` V ~Y
• ~Ea ~1 ~~~f~y9 - •NQA~ ~
k h~. t~'~ ~ D~ 1
This Instrument Prepared By J. H. Robezts~ Jr. 3'
~ First Federal Savings 3 Loan Association
~ of Fort Pierce , Rlorida r~
Checked ey - 90RR~~~ P4Cf ~~7VC7
js
. ;
~ ~ - s~~ ~
„F : F x_ _
~,_~~r ~ . .