Loading...
HomeMy WebLinkAbout2335 . J. To plac~ and continuously keep on the bui:d~~g~ no~r w he~eaite? ~it~a~s on sald land and on ali equ~p~nrnl and pe~sonally covcred by lhis mortg~ p~, w~th ~I) premiumi thereon paid in full, fue insurance in ~he usual standerd poi+ty (orm, in • s~m approved by Ihe MOR(GAGEE, and w~ndstorm ~nswance in tM uswl s~anda~d pol.cy ~wm, in a sum approved by the MORIGAGEE, ~n ~uch company or co~npan~es as the MORiGAGEE may dued; a~+d aU fi~~ and w:ndarorm iniuronce pol~c:ea on anY of sa~d bu~~d~ngs, any in~ere~t there~n w par~ ~herrol, in ~he aggregafe :um aforesa~d w in ~xccu thereof, shaU coNaie ihe usual s+andard mortgagea clause or such other claus~ as ?he Mortg~gee m~y requ:r~, making the loss u~drr sa~d po~i- ues, each and ~very, payable ro sa~d MORTGAGEE as ~fa interrs~ may appear, and each and eve?y sucA po~~cy shall be promptly ass gned and deliverrd to •ny hcld by sa~d MORTGAGEE ~s turrher security to sald mwtgage debt, and, not less than ~e~ (10) dayi in advance of the eapiration of e~ch pol~cy, to da Gver ro said MORTGAGEE a renewal thereof, toged+N wi~h a rece~pt fo~ the pram~um oi such rcnewal; and ~Fxre atull tx no i~re or w~nds~o~m inw~ance plxed on +ny of sa~d build~ngs, any in~eres~ thue~~ or part thereof, unleu in il+~ form and with ~he ~ou payable as afo.esaid; and in the event any sum of monQy becomes payable under such puliq w pol~cies said MORTGAGEE ahall have ~he option ro rece~ve and apply the same on accounl of ~he indebted- neu secured FKreby or ro perm~t said MORTGAGORS to reteive and uta it W any part thrrcaF for o:n.~~ pur~>osrs. .v:~h.a„t th ~n u~ ~vai.:ny cr unp~i~- ing any equ~ty, IiM O~ ?i9ht unt~N Ot by virtue oi this mortgage; ~nd in ~he evem sa~d MORTGAGORS shall fw any rcaso~ fail to keep ~he said premisrs w ins~red, or fail to delive~ {~omptly u~y of wid po~~cies oi insurance to sa~d MORTGAGEE, o~ fail prompsly to pay fully any pre~nium therefor or in a~y reepect fail b psr(orm, dncharge, exec~te, effect, comptete, comply with and ab~de by ~his cove~ant, or any pa~t hereoi, sa~d MURTGAGEE may place a~~d pay fp such ir~wrancs w any part thereof without waivir~g o~ af(ecting any option, lien, equity, or r~gh~ under o~ by vi.tue of this Mortgage, snd tht f~ll amount of each and eve~y such payment shall be immediately due and payabte and shall bear inte.est from tha date ther::af untit paid at the rate of n~ne p~r centum per annum and to~ethe~ wi~h auth iNeresl tha? be secured by 1he GM of this rtwrtgage. 1. To permit, commit or suffer ra waste, impairment a deter~oration of saic! property a a~y pa~t thereof. 5. To pay all and s~ngutsr the coats, charges aru! e:penses, includ~ng a~easonable attwney f fee and costs of abstracts of title, incurred or pa~d a~ any time 6y said MORTGAGEE, betause c~ i~ the evenf of Ihe failure on ~he pa?1 of ~he said MORTGAGOR to d~ly, promptly and fully perform, d~scharge. execute, effect, complere, mmply w~th and ab:de by each and eveiy tF?e stipula~~o~s, agrecmcnts, cond~tions, and covenants of said promiswry note a~d ~his mwtgage any w either, and sa~d costs, charges and eapenses, each snd every, shaii be immediatefy due and payable; whether w nm there be not~ce dr mand, attempt ro collett w wit pend~rg; and the full arnount of each and every such paymeM s~all bear iMercst from the date thereof until paid at the rare o~ nine per cent~m prr annu:n; and all said costs, charges and expenses incurred w paid, together wah such interest, shall be securcd by the lien of this mor~gage. 6. That in the event of any breach of thii Mortgage w default on 1he part of the MORTGAGOR, or (b) in the event any of sald sums of money here7n referred to be no~ prompity and fu~ly paid wiihin th~rty (30) days next after tF+~ san+~ xverally become due and payable, without demand or ~o~ice, or (c) in tF?e event each and every ~he sripulat~ons, agreemenrs, cond]t~o~s and covenams of aa•d prom~sw~y note and th~s mortgage any or e~ther are not ~uly, promptly and iully performed, d~uharged, executed, effected, comp;eted, compl~ed wi~h and ab~ded Sy, then in e~ther « any such event the said ag gregate sum ment~oned in said prwr~~ssory note then remaining unpa~d, with interes~ accrued, and ail mo~uys secured hereby, shall become due and pay- ao:e fo~thwith, a thereafter, at the optlon of said MORTGAGEE, as tully and comple~ely as ii all oi the sa~d sums of money were or~ginally st~pulated to be pa~d on such day, anything in sa:d prom~uory nate w in this Mortgage to the contrary notwithstand~ng; and thereupon w tFxreafter at ~he opi~on of s3:d MORTGAGEE, without rwt~ce or demand, suit at law w in equ~ty, therefore w thereaf+er begun, may be prosetuted as if ~II ma?eys xcured hereby n~d matured pnot to ds institution. 7. That in the evcn~ that at :ht 6eginning o( or at any time pending any suit upon this Mortgage, o~ to foreclou it, or to reform i1, w to enforce paymenl oi any daims hereunder, said MORTGAGEE sha~I apply to the Cou~t having iunad.a~on thereof fo~ ~he appo~ntment of a Receiver, such Court shail iorthwith appoint a rece~ver of said mortgaged property all and singutar, inciud~ng all and s~ngusa? the income, prof~ts, iss~es and revenues from whatever scurce derived, each and every of wh:ch, it being eapresaty unde.scood, is Fxreby morrgaged as if spec~iicaily set fwth snd desuibed in tAe g~anring and habendum ctauses hereoF, and such Receiver shali have all the broad and effeaive funct.ons and powers in a~rw~se e~trusted by a Court to a Receiver, and s_ch appoi~tmenf shall be made by such Co~r~ as en admitted equity a~d a matter of absolute right to wid 1110RTGAGEE, and without re~erence to the adequacy or inadeq~acy of the value of the p~operty mortgaged w to the so:vency o+ ~nsowe~cy of sa~d MORiGAGOR o~ the defendants, and thaf such re~~s, proFits, incane, iuues and revenues sha~~ be appiied by such Receiver accord~ng to the lien or equ~ty of said ti10RiGAGEE and the practice of such COUrt. 8_ To du:y, promptly and fulty perform, d'ncharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions a~d covenants in u~d prom~ssory note ar?d th~s mortgage set fwth_ • 9. That in the event the owrtership of the mortgaged premiscs, o~ any part thereof, becomes vested in a perwn other than the MORTGAGOR, the MORTGAGfE, its s~ccessors and asvgns, may, without no~ice to the MORTGAOR, deal w~th such successo+ or succassor in interest with reference to thia mo~tgage a~d the deb~ hereby secured in the same manner as wiih Mortgagor wirhouf in any way viLating a d~scharging the Mortgagori liability here- ~r.der or upon the debt hereby sxured. No sale of the premisea hereby mortgayed and no forbearance o~ the part of the IAORiGAGEE or its successors o~ ass~g~s and ne exre~s~on of rhe t~me for the paymem oi the debt hereby secvred given by the MORTGAGEE or its successws or ass~gns, al~all operate ro reiease, d+xharge, nrod~fy change w affed ehe orig~nal l~a6~I~ty of the MOkTGAGOR herein, either in whole or in part. 10. It is spec~4icaliy agreed that time is of tht esser.ce of th~s contract and tha~ no waiver of any obl~gation hereunder ov of the obligation se- cured hereby shal~ at any time thereafter be he3d to be a waiver of the terms hereo( or of tFk instrument secu~ed herby. 11. In add~t~o~ to the fwego:ng moneh!y paym~nts of princ pai and inrzrest requ~red by the prom;swry ~o~e secured hereb~, mortgagor covenants jnd agrQ¢s to aay to mo-toagee v.ith erh mor~h~y pa~r.~ent an add~~~onai sum cst.n:ated by mwfgagee to be equal to 1, 12 of the annual cost of the follow- ;•~3: A-Atl real proFerty taRes levied or assessed aga~•~st rh~ above dezc•~~xd r•_al Estare. B-Prern:ums on fire and windsto~m iniurance as nerein requ:red to be ca~ried on the improvements s~tuate on the above destribed premises. C-Premiums on svch mortgege gua.anty insura~ ce az mo•tgagee sha{I Irom t~me to time deem fit to carry on the toan secured hereby. . Matgagee sha'.l from ri:ne to t~rne ~otify morfyager ~n wr,t~ng of the a~ou~t due and payabfe hereunder and such sum shall thereupon be due and 'i :~va51e on the c~~e date of the neat month:y payment and eath successive month thereaft_r ur.t~! mortgagee shall notify mortgagor of a change in such i ~-ount. Such sums s~ail be app:ied by mortgagee towa:d the payment of real property taaes, insura~ce prem:ums, a~x! mortgage guaranty insurance j p•emiums. F IN YJITNESS ':1HEREOF, the sa:d MORTGAGOR has he:eunto set his hand and seal the day and Year first ~foresaid. E ~~7 ned, Sealed and delivered in the presence of: A ~ ~ ~ ~ L~.-C-t L S f ,~LT «'-tsL ~Sesq ~ ! L., G~G L uis M. Crisci `~a~~ !~E- ~'~J {Sea1) = Genevieve Crisci ~~aq ~ ~ ~raTE OF FLORIDA ~ ~ St. L.ucie ~o~Nr~r oF Before me personally appeared LOUie M CrlsCf and _ Genevieve Crisei his wife, to me well known and known to me to be the inelivid~als described in and who execused the forega~g instr~ment, and atkrtowtedged before me that they executed the same for the purposes tFere:n ~xP.~~a_ nna said Genevieve Crisci ~ +~~fe of the said l.Ol~ls H. C115C1 , ~pon a separate and privste ~ ~*am~naYwn by me taken xparate and apaA from her said h~sband, adcnowledged to and before me that she executed said instrucPenl~1lLl~/=p~ vdwr ra~:~y and w~thout any compalsion, constraint, appreF~ev e of or from her said husband. f t~ ,~~i "i WITNE55 my hand and official seal thi ~ day o ' ~~Ds.~9'~,r ~ . ~ / ~ i S hotary Public in and for the Stare aF Fbrida at ~arge`~ ~ My Comm~ssion expires: ~ ~ ' Return Ta 'n • - - - ~ ~ - - firsf Federal Savings 3 loan Association O ' Of iort P:erce. ~ ~~.J. . * Fort Pierce. Hor,da ~ ~ ` ~i`-.,~.~}•~~'I~- 1 3 - • . . . 1,;~k~:/.. . ~ A This Instrument Prepared By Gary F. Bllwood ~ First Federal Savin s 8 Loan Association F~LEO ANO RECOROEp 9 ST. LUCIE COUIITY fLA. of Fort Pierce ~ Florida ROGEF PO~Tq~S ~ . CLERK C~n;U1i COURT RF~QRO VEF~itE9.~..."~ ~ Checked By ~ ~ Ju~r 11 3 ss PM'~~ ~ o~ ~ ~ cnCl.215 Y ~ _ - - - - , ~ ; - _ - = r~.~> r_~ _ A_ . . . ~