The URL can be used to link to this page

Home My WebLink About2983 3. To place and conrin~ousiy keep on tne bv~'d~ngs now or herraiter s~tuate on sa~d land and on ail equ~p~neni and personafly covered by this mo~~g- sge, witl. all premi~ms th<reon pa:d in 1ult, fice insvrance in thr usual srandard pot(~y (o~m, in s sum approred hy ?he MOR~GAGEE, ar:d winds~o~m insura~ce in rhe usual irandard pol;cy form, in a surn app~oved by ~he MORTGAGEE, in such company or co~npanies as the MORIGAGEE may diretl; ar+d all fire and w~nds~orm insvrance polic~es on any of sa~d bu~ldmgs, ~ny in~eres~ therein or par~ thereof, in the eggrega~e :um aforesa~d or in excess ther~oi, sha~l contain the uiual slandard mortgagee clause o? such other clsuse as tM Matgagee may requ~~e, maling tha fou under ~aid po~i- ues, each and every, payabte to said MORiGAGEE af ~n inte~est may appear, and each and every wch poiir shall be promptly ass gned end dtliverrd ~o any held by said MORIGAGEE ss fu~the~ security to said mor~gage debl, and, not leu than ten (10) days in a~ance of tF+e expiration of each policy, to da live~ to uid MORiGAGEE a renewal thereof, toge~her with a receipl fo~ Ihe pramium of such renewaf; and there shall be no iue or w~nds~ono insurance pla~ed on ~ny of sa~d buitdings, any iroercst there~n or pa~l ~hereof, unles~ in the form arxi w~fh ~he loss payabie as aioresaid; and in the e~en! any sum of mo~ey becomes payable under such policy or polities seid MORTGAGEE shall Mve the option to recaive and apply Ihe sa~ne on accovN oi ~he indabtrd- ness secu.eJ hereby w ~o pe~m~t said MORTGAGORS Io rece~ve and uu it or any part ~her,~ol for ori,cr purFoirS. yv.th~.~f ~h~..u~ ~,aiv~ cr ~~~~pv~~- ing any equ~ty, I~~n or r~ght under or by virtus of ~his mo~egaqe; s~+d i~ ~he event sa~d MORIGAGORS shafl for any ~eason tail to keep ~he said prem~srs so insu~ed, or lail to deliver p~omptly aay of s~id polKie~ of insuranca Io sa~d MORiGAGEE, or fail promptly to pay iu11y any p~emwm thereior o~ in a~y retpect fail 1o perform, d~scharge, eaecute, eflect, comptete, tomply with and abide by this tovenant, a any pa~t ht~eof, sa~d MpRTGAGEE mjy p~ace ano pay iw such insurance or any part thercof w;thout waivirg w affecti~g ~ny option, lien, cqu~+y. or right under or by virtue of ~his Mortgage, and the f~ll amount of each and every such paymem sha11 be im:nedietely dw and payabte and sMll bear inferes~ from 1he date thereof until pa~d at the rate of mne per centum pet annv~n and ~u~~ether with suth interast sha~i oe secured by iM iien of ~h~~ mottgage. 1. TO permit, commit or suf(er no waste, impairment a deleriwafion o} said property or any part the~eof. S. To pay all and singula~ the costs, charges ~nd eYpenxs, 'v+tlud~ng a reasonable attwney'a tee and cos~s of abstracti of t~tle, incurred or pa~d at eny time by said MORTGAGfE, because w in the event of the failure on the part of the said MORTGAGOR to duly, pranptly and futly perform, d~scharge. a,~ecute, effect, canpteee, comply w~~h and sb;de by each a~ eve?y the st;pulahons, agreements, caiditions, and covenan~s oi sa~d promiisory note and thii mortgage any w e~~her, and sa~d cosTS, chargea and expe~ses, each ard eve.y. shall be immediatety due and payable; whe~her w not there be norice d~ ma~d, attemp? to collect or suit pend~ng; and ~he full amouro of each snd every such payment shal! bear interest l.om the date thereof umil paid at ~he rnre o1 nine per centum per annum; and all said costs, charges and expenxs incuned w paid, togethe~ weh such inrerest, shall be secured by the lien of thh mo~tpage- 6. That (a) in the event of aay breach of this Mortr~age or default on the part of the MOR7GAGOR, or (b) irt the event any of sa:d sums of maney herein refe~red to be nat p?ompUy and fully paid wiihin th~rty f30) days nea~ afte~ the ume severaily become due and payab~e, wi~hou~ demand or nouce, or (c) in the event each ~nd every ~t,e stipulations, a9reements, cond~tions and covenants of sa•d p~omissory notr arxl ih~s mortgage any or e~ther are nof iuly, prompdy and fufty perfwmed, d.scharged, executed, elfected, compfeted, compi;ed wifh and ab~ded by, then ~n etther w any such event the sa~d ag gregare sum mentioned in said promissory note then remaining unpaid, with intereit accrued, and a~f moneys secured hereby, ahall become due and pay- eble forthwith, or therea4ter, at the opt~on of said MORTGAGEE, as fully and completely as if ali of the said svms of mo»ey wert originally st~putated ro be pa~d on such day, anyihing in sa:d prom~ssory note or in this Mortgage to the contrary notvvi~hstar:d~ny; and ~hereupon w ihereaHer a~ the opi~on of said MORTGAGEE, without not~ce or demand, su~t at law or in equ~ty, therefore or thereafter begun, may be prosecuted as if all moneys secured hrreby had maturcd pnw to ds institution. 7. That in the evm? thaf at the beg;nning of or at any lime pe~xJi~g any suit upon this Mortgage, o? to foreclose it, or to reform it, or to enforce payment of any claims fiereunder, said MORTGAGEE shall apply to the Court having ryr~sd~cnon thereof for Ihe appo~otment of a Receiver, wcfi Court shaN forthwith appo~nt a receiver of said mortgaged property al! and s~ngular, incivd~ng all and singu~ar tF~e income, prof~ts, issues and revenues from whatever so~rce deri~ed, each and every of wh~ch, ~t be~ng expressiy unders~ood, is hereby mortgaged as ~f spec~fically set fw~h and dexribed in the g~amiog and habendum c~auses hereof, and suth Receiver shall have all the :iProad and effettive fu~ct~ons ar.d powers in anyw~:e ent~usted by a Cov~t to a Receiver, and s~ch appoinrmen~ shatl be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and witho~l refere~xe to the ad~~quacy or inadequacy of the value oi the property mwtgaged or to the so~ver+cy or ~nsoivency o( said MORTGAGOR or ihe defendants, and thar such renrs, proffts, incane, iswes and revenues shall be appGed by such Receir~~ accordu~g to tfie Len w eqvity of said MORTGAGEE and the practice of such Court. 8. To duty, promptly and fully pe~form, diacha.ge, exec~te, efiect, complete, comply with and abide by each a~d every the stipulations, agreements, condnions and covenants in sa~d promisswy note and tAis mortgage set fwth. 9. TFat in'the event the ownersh~p of the moifgaged premises, w any part the?eof, becomes vested in a per~n other than the MORTGAGOR, the '~',ORTGAGEE, its successo.s and ass+gns, may, w;thout notice to the MORTGAOR, deal wirh such successor or successor ;n interast with reference to this n,or~gage and the debt hereby secured in the same manner as w~tF 1~S~,regagw w~thout in any way vi?iating w d~scharging the Mortgagors' liabiiity herr unde~ a upon the debt hereby secured. No sale of the Fremises hereby mo~tgaged and no forbearance on ~he part of the fAORiGAGEE or ita successors or assigns and no extens~on of the time iw the payment of the debt hereby secured given by the MORTGAGEE or its~successors or au~ans, a~~all operate to retease, dacharge, modify change w aNect the original liab;lny of the MORiGAGOR herein, either in whoie os in part. r 10_ It is spec~ficaUy ag~eed that time is of the essence of this contrad and that no waiver of a~y obt~gar~on hereunder w of the obligation se- c~red hereby shal~ at any time thereaiter be he:d Io be a waiver of the terms hereof o~ of the inst~ument secured herby. 11. In add.uo~ to the forego ng momh!y payments of princ pal and ime~est rcquired by the prom;swry no!e secu.ed hereby, mo~tgagor covenants and agrees to pay ro mo-tgagee Nith each monthly payr:,ent an add:rional sum esnn,ated by mortgagee to be equai to 1;' 12 of the annual cost of the follow- in~: ~ A-All real property tasrs levied or assessed ag3i~st thc a6ove described real estate. B--Prert:iums on fhe and windstorm ~ns~+ance as herein requ;red to be carried on fhe ~mproveme~ts s+tuate on the above dsscribed premises. C-?rem~ums o.~ such mo~tg;ge guaranty inswa~.ce as mortgagee shaU lrom t me ro time deem (it to tarry on the loan secured hereby. Matgagee shail !rom tbne ro Gme nor~iy mortgagor ~n writ~ng of the amoum due and payabte he~eundar and such sum shafl thereupon be due and Hayable on the due date of the ne+t momh:y paymeM and each_ successive month thereafter ~r,til morigagee shalt notify mortgagor of a change in wch art~ount. $uch sums sha;i kx appiied by mwtgag~-e toward the payment oF real property taxes, insurance prem~ums, and morlgage guaranty insurance premiums. IN Y~ITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand ind seai the day and, ' st a~es„ti . Signed, Seated and de(ivered in the presence ot: /~-C ~eq i t 1 (Seaq i ~ % / , - ~ ' ($eal) ; _ E~ rline Di a no ~~aq ~ 57ATE OF F10RIDA ~ ; cou;vrr oF St. Lncie u- DiVa € Befwe me personatly appeared Albert J, QRO - a~ Azline DiVaqno his wife, to me well known and known tp me to be ~ the individuals destribed in and who executed the for oing instrument, and acknow~edged before me that ihey executed the same~fo~the purposes ~ therein expressed. And the :~~d- Arline Di~dCJI10 . ~ ' Albert J. - ~ ~ ~ wife of the said ~v'a~ ^ pon p~, e aqd priyate t e,caminat~on by me taken separate and apart from he~ said husband, acknowledged to and befo~e me tFwt she exetuted said:~instrurnent fr~~ a~d vDiun- ? tar~ly and w]thout any compuision, constraint, apprehens~on, or fear of or from her said husband. " C~ ~ ' ( WITNESS my hand and official seal this ~ da of ; '2~._4~-__ Y June ^ b;,'o. i9 ~3 `xJ~l~1 ~ Notary Pubt~c in and for t afi, of f(oifda at ~Large ' My Commission expires: • _ i Return To: ~ ' first Federal Savings 3 loan Association g~ ~ri~M d 1Ny~ r O~ For~ P;erce. N~ry'~~• 197~ fon P~e,ce. Flw;da IAy Commissiee ExprM 0~1. G ~ended by ~`~~icon Fira • CNYdry ~ 2~1~2 FtlEO AMC RECOROED This Instrument Prepared By JOhI't W. COllins ST.~UCIE COUHTIf fLA. First Federal Savings 8 Loan Association ~O~Ett P(~tTRAS ` of Fort Pierce ~ CIE~ K CiRGUIT COURT ; Flozida RECOk„ lEp~fi[e_.,,,.__ js # Checked By ~ ~ J~. 3 4 i6 ~M 73 ~ ~ ~ 't ` Lvu.~ ~r ~ " ~~76 "s ; . ~ . _ _ - - - - - - ~ - - . . _ . - - - ~ _ . , . . '::e~.~ _ ~ . . . . : . _ . . . . _ _ ~,~*z.~