The URL can be used to link to this page

Home My WebLink About0570 3. To place and cuntinuously keep on ?he bu]:d~ngs now or herea(ter ~ituete on said ~and and on a~t equip~nent and penonaliy cove~ed by ~his mwtg- s9e, with all premiums thereon pa~d in full, fire insurance in the usval srarda~d polity form, in a eum appro~ed by the MOR~G:.GEE, a~~d winJa~orm tnsuronce in the ui~al afandard pof.cy (orm, in a su~n approved by the MORTGAGEE, in such company or canpanies as ~he MORTGAGEE may d~rec~; and all fire and w+ndsto-m insurance po~~cies o~ any of sa~d build~ngs, any interes~ there~n o~ pa~t Ihercof, in the agg~egare sum afo~esa~d or in e=cess lhercof, shall co~tain the usual afandard mortgages clause or such other clause as the Mo~tgagee may requ~re, making the bss ~nJr~ sa~d po~~ cies, each and every, payable ~o said MORTGAGEE es its i~tereat may appear, and each and eve~y such po~Icy shall tx prompfty ass gned and de~~vrred ~o any held by sa~d MORTGAGEE as iurtAer aecwity to said mortgage debt, and, not less ~han ten (10) days in advar.ce oi ~he e:pirat~on of each poGcy, to de- 6ver to said MORiGAGEE a renewal thereof, ~ogether with a rece~pt (or the p~em~um of such renewal; and ~hr~e shall be no frte or wind~to~m insuronce placed on any of said buiidmgs, any intereit therein w parl thereof, uniess in the fo~m and wiih the lou payoL~:e as aforesaid; and in the event any sum of mone~ becaocs payable under such policy o. po~~c;ea sald MORTGAGEE thall hava ths opt~on ro receive and apyty the sanu on accowd ol the in3eotrd ~ neas sec~red hereby o~ to permit sa~d MORTGAGORS to receiva and use it a any pa~t rherPOf for oih~•~ ~.u~~~osrs. .•,:~hour ~h_..ur or n+~w~r• ing any equ~ty, lien or ri9ht under w by virtue of this mo:!gage; end in the evcnt sa~d MORTGAGORS sliall fo~ any reason (ail to keep the said premis•_~ so insured, w(ail ro drlirer promptly aoy of sa~d policies ol in~urance to said MORTGAGEE, o~ fai~ pzomptly to pay fuNy any p~emium therefw or in a~y roepec~ lail to pe~form, d~scha~ge, execute, eifect, compiete, comply with and abids by thii covenaN, or any par~ hrreoi, sa~d MGRTGAGEE may pkace a~+d pay fw such insu~ance or any parl thereof without waiviig or •f(ecling any option, lien, equ~ty, or r~gh~ unde~ or by v~rtue of this Mo~tgaqe, and the full amo~nt of each and every such paymem shall be immediately due and payable and shall bear imeres~ from the date tF~ereof un~ii p~~d a~ ~ha ra~e of j nine per ce~tvm pe~ ann~rn and to~ether with such interest si~ali !x secured by tF~e lien of this rtwrtgage. To permit, commit or su(ier no waste, impairment or deterioration of aa~d property or any part thereof. ~ 5. To pay all and singuta? the costs, charges and eapenses, including a reasonable anorney's fee and costs of a~strac~s of fitla, incuned o~ paid a~ any time by_said MORTGAGEE, because or in the event of fhe fa~Iure on 1he pan of the sa~d MORivAGOR to du1y, p~omptly and fu~ly perform, d~scharqe. exz~cure, eifect, complete, comply wnh a~d ab:de by exh and every the st~pulanons, agree~~enta, cond~tian, and covenants oi ia~d prom~ssory no~e and ~h~i mortgage any o~ eithe~, and sa~d costs, charges and expenses, ea<h and every, shall be immed~alely due and payable; whether w not the~e be not~ce dr mand, attemp~ to collect w sui~ pend~ng; and ~he fufl amount of each and e~ery svch payment shall bea~ interesl from the date thereot uniil pa~d at the ra!e o~ nine per ce~tum per annu:n; an~ a!I said costs, charges and expenses incurred w paid, togeiher with auch intereal, shall be secured by the lien of ~h~s mOf1gJ~0. ' . 6. That (a) in the event of any breach of this Mortgage or defaull on the paA of the MORTGAGOR, w(b) in the eveM any oi sa~d sums of money herein referred to be not promptly and fully paid within th~rty (30) days neat aiter the same uveratly become due and payable, without demand or notice, ~ or (c) in the event each and every the :tipulaeions, agreements, conditia~s and covenants of sa,d pron,isso~y note and th~s mo~tgage any or either are nof iuly, promptly and fully performed, d~scharged, executed, effected, completed, complied with and ab~ded ~y, then in e~the~ or any such eveM the sa~d ag ~regate sum mrntioned in said promisswy note lhrn remaining unpa~d; with interest accrued, and all moneys secured hereby, shatl become due and pay- aute forthwith, or tl~e~eafter, at the option of said MORTGAGEE, as fully and completely as if all of ~he said sums of money were o~~g~nally st~pulated re be pa~d en wch day, anylhing in sa:d promissory note w in this Mort~age to Ihe conrra~y notwithstand~ng; and thereupon a thereaiter at the opt~on of said MORTGAGEE, w~rhout not~ce w demand, suit at law' ot in equity, there~o~e or therea!ter begun, may be prosecuted as ii all mo~eya sec~red hereby nad matured prior to ~ts inslitution. • 7. That in the event that at the beginning of o? at any time pending any suit upon this Mo~tgage, a to fo?eclose it, or to reform il, or fo enforce payment of any cleims hereunder, said MORTGAGEE shall apply to the Court having jurisd~uion thereof fw the appointmeot of a Receive~, such Court shall forthwifh appo~nt a rece~ver of said mortgaged property all and singulsr, includ~ng all and sing~iar the income, proi~ts, issues and revenves from whatever seurce derived, each and every of wh~ch, ~t being eapressly unders~ood, is hereby morrgaged as if spediicatly set fo~th and described in the gron~ing and habendum clauses hereof, and such Receiver shall have all the broad and effecrive funct,ons and powe:s in anywise e~~rusred by a Court to a Receiver, and :„ch appointment ahalt be made by such Cov~t as an admitted equity and a rratter oi absolute rigfit to said MORiGAGEE, and witho~t reference to the edequacy or inadeq~acy of the value of the p~operty mor?gaged or fo the so~ve~cy or insolvency of sa~d MORiGAGOR w the defendants, arxl that svch r_~is, profifs, income, issues and revenues shall be applied by such Receiver accord~~~g to the lien or equity o( said MORTGAGEE and the practice of such Court. 8. To dufy, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants irt sa~d promissory note and this mortgage set fwth. 9. That in the event the ownersfiip of the mortgaged premises, or any part ehereof, hecomes vested in a person other than the MORTGAGOR, the '.'ORTGAGEE, its succe:sors and assigns, may, wiihout notice to the MORTGAOR, deal with such succeswr or successor in inte~est with refe~ence to this rc,o•tgage and fhe deb~ hereby secured in the same manrur as wifh Mortgagor without in any way vitlating or d~scha~girg the Mortgagori liabiiity her~ ~nder or upon the debt hereby secured. No sale of the prem~ses hereby mortgaged and no forbearance on the_ part of the MORiGAGEE a its successors or assigns and no eztension of the time for ~he paymem of the debt hereby secu~ed given by the l4~ORTGAGEE or its successws or ass:gns, ahall operate ro reiease, d~scharge, modify change or affec~ the o~inat ~liab~lity•of fhe MORTGAGOR herein, either in whole or in part. 10_ It is specifically agreed that time ia of the essence of this contract and that no waiver of any obligation hereunder p of the obligation sr cured hereby ahall at any time thereafter be held to be a waiver of the terms hereoi a of the instrument secured herby. 11. In addnio~ to the forego:ng monthly payments of princ'pal and intrrest reqwred by ehe promiasory no~e sewred hereb/, mortgagor tovenants and agrees to pay to mo:tgagee with each momhly payrien? an add~~ionai svm est~mated by mortgayee to be equal to 1~' 12 of the anrua~ cost of the follow- inq: i A-AU real prope~ty taxes le~~ed or assessed agai•~st the above desvibed real estate. B-Pr.~mfums on fire and windstorm insuracce as here~n requ~red to be tarried on the improvemeNS s~tuate on the above d^scribed prem~ses. i i C-Pre:ni~nu on s~ch mwtg~ge guaranty ins~rance as mortgagee shall fro~r. t~me to time deem fit to carry on the loan secured iiereby. ~ Mortgagee sha!I !rom hme to time ~orify mortgagor in writing of the amount d~e and payabte hereunder and such su:n shail thereupon be due and ~ ; iiable on the d~e uate of the next month:y payment and each suctessive month thereafter ur.tit mortgagee shall notify mortgagor of a change in such ? ~^~ount. Such wms shail be applied by mortyagee roward the payment of real property taYes, insurance p:em:ums, and mortgage guaranty insurance ~ ::,~emi~ms. ~ IN \YITNE55 YIHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and yea? first afwesaid. g igned, Seated and delivered in ihe presence of: g dLi. . VeC~ (Sea) ~ (Seaq ~ ~ 1 CT'f~ ~ V@[~ (Seal) ~ - - s ~ STATE Of~p/X NE;+1 YORK ~ ~ /V ~f S S ~'9'~-~' ss. COUNTY Of I ~ Before me rsonall appeared Paul L.. Rove~na and ~ A~nn ~tove na ~ his wiie, to me well known and known to rt+e to be ~ tne individuals described in and who exec~ted the foregang instrument, and acknowtedged before me that they executed the same for the purposes rherein expressed. And the said Ann R~vec~na ~ Faul L. Rovegna ~ x ,;:fe of the said - upon a separate and private examinat~an by me taken separate and apart from her said husband, acknowledged ro and beiore me that she executed said instrument freely and votun- y ra-ify and without any computsion, consuaint, apprehe~~on, or fear of or from her said husband. a WITNESS my hand and off~ual xal th~s- day of A. D. 1Q~_ ~ .,e. . No~ Public`in and for the State of F~G~~~~ ~Q~( u~ My ommission expires: . ; Ret~rn To: ti1ARY L. BECK ~ ~I ~ ~ First Federal Savings 3 loan Associanon f1Gt3ry P~bIiC, State of New yp~ r Of Fort P.erce. - • (+t0. a4~~21~~3~ ' r_ For~ P~e~ce. Flor~da Qu3lified in t~as=au County Term Expires March 30, 197 ai _ . 258541 ~ _ _ - . . This Instrument Pre ared B ,~ROE~ P Y Th~mas A. Driscoll f~~EO AN~ RE~ ` First Federal Savings & Loan Association ST. ~UCIE COUNTY FLR. ~ of Fort Pierce ~ FloYida? pOC~~p4~tR~s 7 CLEkR C~RF CaU~ ~ Checked By U1~_- RECORD'~~~' ~ ~ _ ~ 3 34eM'13 ~ B~~K216 Po~E"`~ ~ ~ ~,f ~f F<` ~ ~ ~ ` ; _ ::a : ,Y~"" , . . ~ r~.._._ ~f~~~...~~,_.=~ . y