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HomeMy WebLinkAbout2327 J. To p~ace and continuoualy keep o~ the bu~'dings now w herea{ter ~ituate on ~ald ~and and on al~ equ~p~nen~ and personally co~ered by this matg- sge, w:ih all premiums thereon pa;d in foll, f~re ins~rance in ?he vsvat srandard po~~cy form, in a sum appruwed by tha MORiGAGEE, a~~d w~nderam ;nsurance in ihe usual a~andard pot.ty to~m, in a s~M approved by ihe MORTGAGEE, in such tompany or to~~pan~es as the MORiGAGEE m+y diretl; and all fi~e and w~ndstorm insurance po~~c~es on any o( ;a~d build~ngs, any inierest therein or pari ~hereo}, in the aggregate s~m ++a~esaid w in eatess thercof, shall contain the usua~ standa~d mor~gagee clause or such other dause as tho Morlgagee may reyu~rs, msking tFro loss under sa~d po~i~ cies, each and every, payabl~ to said A~ORTGAGEE as ~~s ~ntcresl may appear, and each and every such poi~cy shall be prompt~y assgned a~~d de~~ver«d ~o eny held by uid MOR(GAGEE as (u~thar security to said ~norigage debt, and, not less than ten (101 days in ad~ance of the expiret~on of each polity, to ds- f~ver 1o said MORTGAGEE s renewel thereof, toge~he~ with a rece~pt tor Ihe premium of such renefral; and there shall be no f~re u~ w~ndslor~n inwrance plated on sny of aaid buildings, any interest therein w part thrreof, unless in ~he torm and with the loss payable as aforesaid; a~d in the event any sum of money becomef payable undrr such policy or poGcies said MORTGAGEE shall have the opt~on to receive and apNly the same on accoun? of the ind~bted~ ness secured he~eby or to permit sa~d MORTGAGORS ~o receive and use it w any pmt thrroof for otn._r µu~aoses. .v~~ho~t ~h:~~ur ~v~~•~~~g o~ ~~~~P~~~- ing any equ~ty, lien w right undar w by virtue of thii mo:!gage; a~d in the evem sa d MORTGAGORS shall ior any reason fail to keep the sa~d premisrs so insured, or fail to delirer promptly any of said po~icies oi insurante to said MORTGAGEE, o~ fait promptly fo pay fully any p~em~um therefor or i~ a~y respect fail ~o perform, d~scharge, execute, effecl, complete, co~nply wi~h and abide by this covenant, or any par~ hareof, sa~d MORTGAGEE may piace a~~o pay fw auch insurance o~ any part thereof without waiving or atfecting any option, lien, cquity, or r~gh1 under or by virt~e of this Mo~tgage, and the fult amouM of each and every such paymen? shall be immediately due and payabte and shall bear interest irom the date thereof un~ii paid at ~he rate ol n~ne pei centum per annum and to~zther with svch inaer~st sha~l be setured by the lien of thif mwtgage_ 4. To permit, tommit or suffer no was~e, impairment or deterioration of said p~operty or any part thereof. 5. To pay sll and singular the costs, charges and expenses, includ~ng a reasonabte atiorney's fee a~d costs of abstraUS o~ title, incurred or pa~d at any +ie by said MORiGAGEE, because or in the eve~+t of the fa~lure on the part of ~he said MORTGAGOR to duly, pro~npriy and fu11y perform, d~scharge. ::ecute, etfett, canp;ete, comply w~th a~d ab:de by each and every the stipulai~ons, agree~nents, condihons, and covenants of said promissory note and this mortgsgs any or ei~her, and said coa~s, cherges and expenses, each and every, shall be immediately due and payabfe; whether or ~ot there be not~ce de~ mand, attempl to collect or suit pending; and the full amount of each and every such payment shall bear interest from Ihe date thereot until paid at tht ~are of nine per centum per annum; and aU said wsts, charges and expenses incurred or paid, together w~th such interest, shall be secured by the lien of th~s mortgage. b. That (a) in the event of any breach of this /.'.ortgage or default on ~he part of the MORTGAGOR, or tb) ~n the event any of sa;d sums of money herein referred to be not promptly and fully paid within th~rty (30) days next after the same severatly become due and payable, without demand or notice, or (c) in the event each arsd every the stipulations, agreements, conditions and covenaNS of sa.d promissory note ar.d th~s mo~tgage a~y or either are not iuly, prompNy and (ully pe~fwmtd, d~scharged, executed, effected, completed, compGed wir~ and ab~ded Sy, then in e~ther or any such event the said ag ~regate sum mentioned in said promissory note then remaining unpaid, with interest actrued, and al~ moneys setured hereby, shall. betome due artd pay- : abie forlhwith, or thereafre~, at the opt~on of said MORiGAGEE, as fu:ly and completety as if all of the said sums of r.wney were onginally st~pulated . to be pa~d o~ such day, anything in sa:d pro:n~ssory note or in this Mortgage to the contrary notwi:hstand~ng; and thereupon or thereafter st the option of ' said MORTGAGEE, w~fl:out no?ice or demand, suit at law or in equity, therefore a thereat~er begun, may be prosecuted as if a!I moneys secured hereby : : h~d matured pnor to As institution. 7. That in the event that at the beginning of or at any tir.~e pending any suit upon this Mortgage, or to foreclose it, o? to reform it, or to enforce t payment of any daims hereunder, said MORTGAGEE shali epply to the Court having ~ur~sd.d~on thereof for the appo~ntmeN of a Receiver, such Court shaU ; fc~thwith appoint a receiver of said mortgaged property all and singular, intlud~ng all and a~nguiar the income, pfof~ts, issues and revenues (rom whate~er ~ sev~ce derived, each and every of w{~~ch, it be~ng expressly unders~ood, is hereby mortgaged as if speufically set ionh and described in the granting and f habendum clauses hereof, and such Receiver shall have all the broad ard effective funu.ons and powers in anywise emrusted by a Covrt to a Receiver, and , s..ch appointme~,t shall be made by such Court as an admitted equity and a matter of absolute r;gh~ to sa~d MORiGAGEE, and without reference to the adequacy o? inadequacy of the value of the property mortgagod or to the so~vency or insoivency of sa~d MORTGAGOR o~ the defendants, and that such renrs, proiits, income, issues and revenues shall be applied by such Recerver accord~ng to the lien or equity of said MORTGAGEE and the praUice of such Court. - 8. To duly, promptly and fully pe~form, discharge, execute, efiect, complete, comply with and abide by each a~d every the stipufations, agreements, conditionn and covenants ~n sa~d promissory note and this mortgage set foreh. 9. That in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in s person othe~ than the MORTGAGOR, the h'.ORTGAGEE, its successo~s and ass~gns, may, without notice to the l:iORTGAOR, deat with such successor or sUCCessor in interest wi~h reFerence to thia rr ortgage and the debt hereby secured in the same manner as with ltlortgago~ withoul in any way vitiating or d~scharging the Moregagors" liability hert ~nder or upon the debt he~eby sec~red. No saie of ehe Fremises hereby mortgaged and no forbearance on the part of the MORTGAGEE or iis successors or assig~s and no extens~on of the time for rhe payment o~ the debt hereby secu~ed given by the MORTGAGEE or its successors o? ass~gns, slwll operate ro retease, d~scharge, mod~fy char+ge w affect the onginat liability of the 1NORiGAGOR herein, either in whole or in part. ~ ~ 10_ It is spec+fically eg.eed that ti~ne is of the essrnee oS thFs cont~act and tha~ oo weivrr of any obligation hereunder w o~1e obll~tb c~red hereby shali at any fime thereafter be he!d to be a waiver of the terms hereof or of the instrument secured herby. a~ ~ - v sr 11. In add tioa to the (orego ng month:y F:aym~ms of princ pal and intzrest required by the prom~ssory nore setured hereby. mo~l~agQ~ ~7~s ard agrees to pay to mo:tgagee vv~th each monrh~y payr.ient an add~rional sum estin-ated by mortyagee to be eq~al to 1: 12 oi the annual cost o~~y~~- ~ Ing: w -+~~~t~v A-All real property taxas le•+ied o~ auessed aga~~st the above dasaibed real estate. ~ ^~~po~ c ' B--Prem~ums on fire and windstorm inwrar.ce as nerein requ:red to be carried on the improveme~ts s~t~ate oo the above describeCpre Qis~~~n I C-Premiums on svch mortgage guaranty ir.sura~~ce as mortgagee shall frcm time to time deem fit to carry on the loan secured ~b ON~~o O. ~ Mortgagee sha?I frcm t~me to time nOtif f mottgager in writing of the amount due and payabie hereund:r and such su~n shall there~~upo kf~ d~~end ~j ± f : ayabte o~ the due dare of the next month:y payment and each successive month thereafi~r urt' e shall notify murtgagor c ng~ i~s~ch ~i F ;^•ount. Such sums sha:I be appiied by mortgagee to~ard the payment of real property ta , nsurance prem~ums, and o~gage4jJara ty insurance / ~ G•emiumi• ~ IN ~'lITNES$ V'~HEREOF, the said MORTGAGOR has hereunto set his har.d and seal th and r first a aid ~ Signed, Sea an deliv ed irrthe presence of: ~ _ . ~ ~ ~ ~ j _ • ~ ' . - v.. , - RO @It .1. C1 ~ (Seal) ~ ~ _ _ . . . • . (Seal) ' r ' _ . . - • • ~ Diane S. Catenaci rseaq SiATE OF FLORIDA ~ couvrY oF St. Lucie ~ ~ • ~ Bef«e me personally appeared Robert J. Cate~naei r` ~ , -F~i~-wiis, to me well known aqd tnown to me to be the indiv~dual/ described in and who executed the foregoing instrument, and acknowledged before me that ~h~ executed ~fie~same•for Jre Pvrposes ~ ~ 4 ~ • ~ ' therein expressed. ~pcl the sai~- . ~ . ' ~o~ite~f 1he~aid - wm~.~7C ia~ara7'~C irld`.AciYSte " ~ cr arainatiaa.h~ rieJaker~sQ;~ :d .f..~w ~e.-s.~d ~e~ssband, -eekno..~~dged +~r end ~before i,+e ~rhar sAr exeev~rd satA:lnf~tre~1}1'f?~!~ ~a0~'.~GfF ~_~_ly :nd _~th _,t _ny~ QrqAY~iiGtv tLiuit~aipl..aFP~e6ension.~c Joa~ of_os ~wa+i~w.ssiaLhwF»~d. r . c , _ -f ' 0 ~ p ~ ~ WITNESS my hand and offic:al seaf this ~5 day of i / ,7 . C~ , tt~ ~ ~ . ~ -~~t. ~ ' , ~ ~ / • ' ~ STATE O~Q~~~ N~.1 • ~ Notary Public in and for the Stat F{otid' ' Lar~~:`' S5. My Comm~ssio~ expires: COUNTY Of - / _ `K Before me personally appeared Disne Ca tenae i +711w ~ ~to me well known and known to f9 • ~ rhe individuatt described in and who executed the foregoing instrument, and acknowledged before me that9h~ executed the same,for~F~ pur~ therein expressed. And the said r+ioi~c v. _ ~ ~ s , 'r• t~ w~fe of the w7d RObert J Catenaei upon a stpaeate'a(~f ~rr?ats ~ ~ exam~nation by me taken separate and apart from her said husband, ,acknowledged to and before me that ahe executed said instrurqenf IrNlq'and volury , ; tari{y -and w~thout any compulsan, constraint, apprehens~on, o fear qf or from her said husband. ~ ~ 3 ~ ~ WITNE55 m y hand and official seal this ~ L day of A. D._ 19~; ~ ~ red by . ~ - ~ ~ Thia instzwaent prepa Cc. ~G= ~ Notary Public in end (or the State of Florida ~t large JOh~f W. CAllinS ~ 't~,.. F1ZSt Rederal $~V~1JS and Loan Association My Commission expirer. ~ Return To: pf ~-,Ort Pie2~Ce ' First Federal Savirtgs 3 toan Association R~$~ %~~~f~. .~iHAW ~ NOIAkY ~:,,i~;~ OF NEW ! j Of fort P~erce. Fort Pierce. Florida rn~~~~ MY Coarwiuion Exp~reiluq~ 22. ~~J~y~ Dl: Y7~`.i ~ ~ _ ~;~;s;. a ~ . . ~ t ~ ~~;r a~ ~ a ~ s ~ _ ~ ~ _ ='t e'~ x.. . r~~Es~ . ~"a~"~~^