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HomeMy WebLinkAbout0741 3. To ptace and conrin~o~s~y keep on the 6~~'d~ngs now or hereafeer iir.;a~e on sa~d ~and and on a1i eq~ip~nent snd personalty covered by ~h~s mong- eg0, with ~11 premiums thereod pa~d in (ull, fire inwran~e in Ihe usual srand~~d po~~cy form, in a sum spproved by ~he Ml7RiGAGEE, and windsto~m ;nsurance in the viual standard po:.cy iorm, in a s~m approrcd by the N10RTGAGEE, in such company or cumpan~es a~ ihe MORIGAGEE may di~ect; and all firo and w+ndstorm insu~ance polrc~es on ~ny of said bu~~d~ngs, ~~y ~~~eres~ Iherein w part Ihereof, in the a99iega~e sum afo~esa~d or in exceu ~hcreo(, shaU conta;n rhe vsuai s~andard morigagee clause or iuch other clauie as the Ma~gagee may req~~re, making tha Iou undr. sa~d poli- des, each and eve~y, payable to sa~d MORiGAGEE as ~ts ~n~rrest may appear, and each and e~ery such pol~cy eha~l be p~omptly ass gned and de~iverrd to eny held by said MOR(GAGEE ss funher sew~ay ~o u~d mortgage debt, and, no~ less than ten (10) days in advance o( the expirat~on o1 each pol~cy, to dr I~ver to said MORiGAGEE a rentwal lhcreof, Ioge~her w~tA a recoipt fo~ the p~emium of such renewal; and ~he~e shall be ra f~re or windsto~~n ins~rance plnced o~ any of sa~d buildings, •ny inrerest there;n a part thereof. ~nless in ~hs fo~m and with the loss payab!e as e(aesaid; and in the event any sum oi money becomes payable undrr wch polity w polu~es wid MORTGAGEE sh~ll have the opnon to receive and apply the same on acw~nt o1 the indcbted- ~ess seturrd hereby or ro permit sa:d MORTGAGORS ro receive and ux it or any part thereof lor other pu.po~es, ~~.~~i,o~t ~h.~~u~ w~i.~ng :;r r~~~:,u- ~ng any equ~ty, tien or riqht under a by virtue o( this moc'gage; snd in the event sa~d h10RTGAGORS shall fw any reason fail to Aeep the said prem~sas so insured, or fail to detive~ promptly any of said policies o! in~urance tn said MORTGAGEE, o~ fail promptly to pay tuily any pre~nium the~efw o~ ~n any respect fail w perfwm, d~scha~ge, eaecute, eflecL comp~are, canply with and abide by thii cove~ant, or any par~ he.eof, sa~d MGRTGAGEE may Fisce a~~a pay fw iuch insurance or any part thereoF without w~iving w affecting any option, lie~, equity, or right undc~ a by vi~tw o~ this Mo~tgage, and tht full amoum of each and every such payment ahall be immedistely due and payaEle and shaH bear in~erest from tFa date thereof until paid at the rate ol n~ne per ce~~um per a~num and to~eiher with such ir~terest shal~ tx secured by the lien of this mottgage. 1. To permit, tommit or su(fer no wasfe, impairment or deterioration of said proprrly ot any paA thereof. 5. To pay all and singu~a? the costs, charges and expenses, includ~ng a reasonabfe attorney's fee and costs of abstratts of title, incurred or paid a~ any time by said MORTGAGfE, because or in ihe evem ol the ia~lure on the part of the said MORTGAGOR to d~ly, promptly and Fully perform, d~scharge. >xec~te, ef(ect, comptete, comply w~tA and ab:de by each and every the atip~lanons, agreeme~ts, conditiun, and covenants oi said promissory note and thi~ r~ortgage any w e~~he?, and sa:d cosa, charges and eapenses, each and every, shall be immed~ately due end payable; whether a not there be not~ce dr mand, attempt to collect a suit pend~ng; and tht full amount of each snd every such paymeM shall bea~ interest from the date therroi unlit paid a1 the iore of nine per cent~m per anuum; and atl said costs, chargea and ecprnses incur~td or paid, togethe~ wah such int ~~1i~11ln Otthit morfgigR. 6. That (a) in the event of any b~cach of this A:=.:yayv i+ default on the part of the MORTGAGOR, w(b) in the event any of said sums of money herein referred to be not promptly and fully paid wilhin ~h~+ty ~30) days next a!ter ~he sa~ne severally become due and payab~e, wilhovt demand or notice. or (c) ir, the eve~t each and every ~he stipula~~ons, agreem~~~s, condnions and covenams of sa.d prom~swry note and th~• mortgage any or ei~hm are not iuty, promptly and fuily performed, d~sct~a~ged, exe.. rd, effected. coripteted, compiied w~~h and abided `~y, then in e~~her or any such event ~he sa~d ag ~~egate sum mentioned in sa~d promisswy note then remaining ~npaid, with intereit accr~ed, and a11 moneys secured hereby, shall betome due and pay- aoie forthwith, a thereafter, at the opnon o1 sa~d MORTGAGEE, as fu:ly and complerety as if all of the said sums of mcney were o~iginally stiputated to be pa~d on such da/, anything in sad prom~ssory note w in this Matgage to the tontrary notw~thstanding; and ~here~pon or thereafter at ~he opt~on of sa~d MORTGAGEE, without not~ce or demand, suit at law a in equ~ty, there;ore ot thereaiter begun, may be prosecuted as if ~II mo~eys secured hereby r,d matured pnw to its institution. ' 7. That in the event that at the beginning oi or a~ any time pending any suit upon this Mortgage, o~ to foreclose it, or to reform iL or to enforce paymeM of any claims he~eunder, said MORTGAGEE shatl apply to the Court having jurisd~aion ~he~eof for the appointment of a Receiver, such Court shall , forihwith appoint a reteiver oF sa~d mortgaged property all and singular, includ~ng all and sinqutar the income, prof~ts, issues and revenues from whatever ~ s:.urce derived, each and every of wh~ch, it being expreuly understood, is hereby mo~rgaged as if specd~cal:y xt forth and destribed in the granring and habendum cla~ses hereof, and such Receiver shall ha.e alt the broad and effecnve funct.ons and powers in anyw~se entrusted by a Court to a Receiver, and s.ch appointmen~ shall be made by such Co~rt as an admitted equity and a matter of absoiute right to said MORTGAGEE, and without refe~ence ~o the adequacy a inadequaty of the value of the property mongaged or to the so~vency or ~n:olvency o( said MORiGAGOR w the defendants, and ~hat such re~ts, profits, income, issues and revenuea shall be applied by such Rece~ver accordmg to the ?ien or equity of said MORTGAGEE and the p?actice of such Court. 8_ To duty, promptly a~d fully perfwm, d~scharge, execule, effect, cor.~plete, comply w~th an~ abide by each and every the stipuiations, agree~nents, conditions and covenanrs in sa~d promissory note and this mortgage set forth. 9. That in the eveni the ownership of the mortgaged prem.ses, w any part thereof, bxomes vested in a persw? other than the MORTGAGOR, the .'.ORTGAGEE, its successors and ass~gns, may, wi~hout nmice so the MORTGAOR, deat w~rh such succeuor or successor in interest w~th reference to this r•xtgaye and the debf hereby secured in the same manne~ as with 1llortgagor wnhoot in a~y way vitiating w d~xhargirg the Nlortgagors' liab~lity hero- ~nder or upon the debt hereby sewred. No sak o( tF:e prem~ses h_reby mo~tyaged and no fort>earance on ~he part of the /dOR7GAGEE or its successors or assigns and no extension of the t~mr for the payment of the debt h~reby secu~ed given by the MORTGAGEE or its successws or ass~gns, atiall operate ro release, d~scharge, modify change a affect the original fiab~l~ty of the MORiGAGOR herein, either in whole a in part. 10. It is spec:i~cally ag~eed that time is o( the essence of this contract and that no waiver of any obtigstion hereunder w of the obligation se- c~red hereby shall at any time thereaf~er be heSd to be a waiver o~ the terms hereot or of the instrument secured herby. I1. In add.t:oa to rhe (orego n7 mon~hly paim^nts of prir.c pal and interest requ~red by the p~om~ssory nore secured hereby, mortgagor covenants a-d agrees to pay to m.o~tgagee w~th each month`.y pay.nem an add~rional sum estimared by mortgagee to be equal to 1/12 of tfx annuat cost of the follow- "'9` A-A!I real properry taxes Ie~~ed o~ assessed agai•~st thc a6ore describcd rral estate_ B--Prem.~u~ns on f~re and windsrorm ins~~ar.ce as herein requ"red to be tarr~ed on the improvemenh sitvate on the above d:scribed p~emises. C-Premi~ms on s~ch n:ortgage g~aranry inswance as mo~tgagee shail from t me ro tim.e deem fit to carry on fhe loan sewred hereby. i Mortgagee sha;l from ~1~r.e tc t~a,e notify mortgagot ,n wrinng cf the a.r,o~~t d~e and payable he.eunder and wch s~m shalt thereopon be due and ;.3;able on the due dare of rhe next ~r.onth:y payment and each successive month ~hereaftcr urtil murtgagee sball notify mortgagor of a change in such ~ -~~ovnt. Such sums sF.all be applied by mortgagee toward the payment of real property taaes, insurance prem:ums, mx) mortgage guaranty insurance i c•zmiums_ - , _ ` IN Y1ITPIESS 1~HEREOF, the sa~d MORTGAGOR has here~nto set h~s hand and seal the day and year first aforesaid. ~ Si ned, Sealed and delivered in fhe presence of: ` ~ ~ f ILE'.J w~". ~ i ~JEi~[Q GL ' e~~ ~-C~Q--t.Q.Q~t t5es4 ~ ST. l~C:~ ;JMt1 FLA- ~ U B~rard Folcar li ~~,q F.:,. ; _ . ~ _ - F k S ~ a--~ts ~ _ K.,.~ CLE~ :-t„t ~CUe~T ~ prr~~-~ ;F _Q~----- A13C0 C FOlC84Y@ll~ (Seap ~ SiFaTE OF~( N~ ~ ~N'~ ~ ~1 ~H'T~ t ~ ~ ~~UNTY OF 1 . ~ U. &iward Rolcarelli ~ - Befo~e me personally appea a^~ ~ZiC04116 C~ FOLC~I'ell~ his wife, to me well known and known to me to be ~ the individuats descri6ed in and who execuled the foregoing instrument, and acknowledged before me that they executed the same (w the purposes ~ ~ rh~rein exp~essed. And the said ~aCOt111@ C• ROICdl@ll~ ~ r;;fe of the said _ V• ~ward RoleaYelli ~pon a sepa~ate and private e.~minat~on by me taken separate and apart from her said husband, acknowiedged to and before tnat she executed said i trument freely and volun- ~ r3r,iy and w;thout any compulaion, const~aint, apprehens;on r fesr of or from her said husband ~ ~ 73 WITNESS my hand and official seal this day of ~ A. D. 19 ' ~ IG- Notary b~c iA nd for e t ~arge ~p ~ ' My Commissiw~~:PUb11C.8~t Qj idzW; t1~. 3~ 7 Return Tc: N0.~J~l~~~'••~ '2 First Federal Savings 3 loan Association QualifleQ~(n~t~ueenZ.C~unfp. of Fo.r P:E«~. liNlljss~o(t~iles March ~0 19~g. - - Fort Pierce. Flcrida - L7 7 ~ ~ Or~ ~fi • ' ' : ~ ~i J~~ n = a ~,h~y~'` _ H~ This Ir.strument Prepared ByJ• H. Robert8~ JI. - , _ First Feder~! Savings 8~ loan Association ~ , - ~ . - ~ ;i~ of Fort Pierce ~ Rlorida ~ Checked By . . " 5oe~215 ~a~~ 739 ~ ~5 ~ ~ ~ - - . . ~ _ : ~ - r ~ ~ . ~ . . . . _ . . . . t _ .7~f.a"F3`rt, ~