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HomeMy WebLinkAbout1522 To place and continuously kcep on the bu~'d~ngt now a hereafie~ ~ituate on sa~d land and w? all aqvipmen? ?nd peno~etty toverod by fhii matg- ag~, with ali p~emiums the~eon pa~d i~ lutl, (ire insurance in ~?a usual sranderd pol~ty form, in a aum approvcd by the MORiGAGEE, and w~~+datam insur~ncs io ~he usual srandsrd pol;cy (am, i~ s sum •pproved by the N10RTGAGEE, in such tompany or to~npanies as the MORiGAGEE may di~a:h ~nd all fire and w~ndstorm insuronce polKies on eny oi said build~nps. ~ny in~erest therein or part thereol, in tM aggregs~e ~um ~foressid w In exteu the~eof, sMl! ton?ain ths vsual standard mwlgagee davse a such aher ~Isuss si 1he Mort~ages may requ~r~, makiny the lo~s undar sa~d po~i~ cie~, each and every, payabte to said MORTGAGEE as it~ in~erest may ~ppea~, ~nd esch and every wch pof(cy ihati be p~omµtfy ass qned and dal+vercd ?o any held by u~d MORTGAGEf ss lurrhe~ security eo sa~d mwigage debt, ~nd, not les~ tMn te~ (10) dsys i~ advance of the eapirotion of each policy, to d~- IivN fo iaid MORiGAGEE a renewal thereof, toge~her wi~A a receipt fa Ihe pr~m~vm oi such renewal; and there shall be no i~re o~ windslonn insurance pl~ced on sny of said buildinys, any interest therem o~ pu~ fhereoi, unless in ~IK torm a~d wi~h ths 1ou p~yabte as sfaesaid; end in ~he event any sum of money bccomei payable under s~.ch policy w polKies said MORTGAGEE shalt Mve ~he opt~on to rece~ve a~d apply IM iame on accou»~ ol the i~xlebted ness secured hereby w to pe~mil said MORTGAGORS 1o receive and use it w any part ~hereof for ofncr purposcs, vi~rlr~t thsr~b~ wai.~ng cr ~mpair- ir+y any equity, iien a right vnder w by vi~tve of th;s mo:sqege; ~nd in fhe event utd MORTGAGORS shall for any reaion faii to keep the ss~d premisrs so insured, or fail fo delivm p~omptly any ol said polKiea of ins~~anc~ ?o said MORiGAGEE, a fail promptty to pay fully any premium therefor w in any res~xct fail to pertam, discharge, execute, etfect, tomple/e, comply with and abide by this tovenant, q any parl hrreoi, ~a~d MORTGAGEE may place a-,d pay for such insurance or ~ny put thereof without w~iving w atfettirp any option, lien, equity, or right under or by virtus ol ~his Mo~tga9e, snd the full amouol of each and eve~y such paymenl shall be immcdiately dut and payabla snd ihait bear i~terest from rhe date thereof until paid at ~he rate ol nine per tenrum per annum and to~ethe~ with such intereat shall be secu~cd by tfie lien of this mort9age. 1. To permit, commit w sufter no waste, impairment w deteriaation of said propHty or any part thereof. S. To pay all and singular the costs, charges and expenses, including a reasonable at~uney i fe~ and cost: of abstrads of title, incvrred or paid at any time by uid MORTGAG:E, bccause a in the event of the failure on the part of the said MOR~GAGOR to duly, promptly snd fully pe~form, d~uhs~ge. -xecute, eflett, complere, comply w~th and ab~de by sach and every the stip~lst~ons, agrerments, conditions, and covenann of wid promissory note and thi~ mortgags any or ei~hcr. and said costs, charges and eaaenses, each and evcry. shatl b~ immedia~efy dve and p~yable: whrther or not there be no~~ce dr mand, attempt to coitect o~ iuit pend~ng; and the full anwuM of eath and every avch payment shall bear inrerssl from ~he date thereof untit paid at ~he rare of nine per centum per anu~m; and a!1 said costa, charges and expenses inturred a paid, together w~~h such interost, sFwll be tecured 6y 1he lien of th~t mortgsga. 6. That (a) in the event of any brexh o/ fhis Mortgage or defaull on tM pa?t of the MORTGAGOR, w(b) in the event any of sa~d s~ms of mo~ey herein refQrrod to be not p~omptly and iuily paid within lhirty (30) days next after the same severally become due and payable, withou~ demand w notice, or (t) in the evQnt each and every the atipulations, a9reemenn, tonditions and covenanta of sa+d promiswry note and ~;,:s morlgage any o~ e+ther are not ~vly, promptly and lully pe~formed, d~scharged, executed, eifected, completed, canptied with and abided Sy, then in e~~he~ w any such event the sa~d ag grrgate sum mentioned in said promissory note then remaining ur.paid, with interest accrued, and all moneys secured hereby, shati become due and pay- eh~z forthwith, o? thereaiter, at the oprion o( sa;d MORIGAGEE, as fully and completely as if all o{ the said sums of money were o~iginally ~tiputated te be pa~d on suth day, anything in sa:d promissory note w in this Matgsge to the tontrary ~otwithstanding; and therevpon or thereatfar at the option of sa~d MORTGAGEE, withovt ~otKe a demand, svit at law w in equity, therefore o~ rhe~eafter ~egun, may be p~oxcufed +s if sll moneys secured hereby h~d maiured pr~or t0 itt inStitut:o~. 7. That in the event that at the beginning of w at any time pending any su+t upon this Mortgage, or to foretlose it, or to refwm it, o? to enfo?ce payment of any claims her~~nder, said MORTGAGEE shall app~y to tFu Court having jurisd~a~o~ thereof for eF?e appo~ntment of a Receiver, such Court shall forthwith appoint a reteivcr of said mortgaged ptoperty all and singular, includ~ng atl and si~gula~ the irxome, profil~, issues end revenues from whatever seurce derived, each and every of which, it be~ng eapressly unders~ood, is hereby mortgaged as if speufically set fwfh and described in the granriog and habendum tlauses hereof, and such Receiver zhaU have a!! the b+oad a+~d effective funcf~ons and powe~s in anywise entrusted by a Courl to a Receiver, and s~ch appointment shall be made by such Court ai an admitted equity and o ma~te? of ab:olute r~ght to said MORTGAGEE, and without retereote to the edequacy or inadequacy oi the va:ue of the property mortgaged or fo the sotvency ar i~solvency of taid MORiGAGOR w tFie defendants, and that such renn, profits, income, iuues and revenues shall be applied by such Receire~ acco~d~r.g to the lien or equity of wid MORTGAGEE and the practice of such Court. 8. To duly, promptly and fu~~y perfwm, d~scharge, ezccute, effect, complete, compty with and abide by each and every the stipulafions, agreements, condiYpns and covenanrs ~n sa~d piomissory nore and this mortgage sN forth. . 9. That in the event the ownersh~p of the morigaged premises, w a~y part thereof, becomes vested in a perwn other than the MORTGAGOR, the MCRTGAGEE, its succeuws and assigns, may, without not;ce to the MORTGAOR, deal w~th such succeuor a successor in interest with reference to thia rr,o~tgage and the deof hereby secur~ in the same mannar as with Nwngagor without in any way vitiating w d~uharging Ihe Mortgagors' liabiiity herr under or upon the de6t hereby secured. No sale of the prem~ses hereby mo~tgaged and no fwbearance on the part of the MORTGAGEE a its sutcessors or assigns and no eate~sion of the time for the payment ol the debt hereby secured given by rhe /AOR7GAGEE or its successors or auigns, ahall operate ro re~eax, discharge, modify charege w affect the orig;nal Iiability of the MORTGAGOR herein, either in, whole or in part. 10. If is apeu(ically aqreed that time is of the essence of this co~tract and that no wsiver of any obligation hereunder w of the obligaYan se- cured hereby shali at any time thereafier be hetd to be s waiver of the terms hereoi or of the instrument secured herby. - 11. In add~t:o~ to thr fwego~ng monthiy payments of princ"pal and interesf requered by the promissory no!e secured hereby, mortgagor covenants and agrees to pay ro mo:tgagee w~!h each monthly payment an adduional sum estimared by mortgagee to be equal to 1;'12 of the annual cost of the fotlow- i n~: . A-All reaf property taxes tevied or assessed agai~st thc above desaibed real estate_ B-Prr.niums on fire and windstwm insurar.ce aa berein requ;red to be carried on the improveme~ts situate on the above described premises. C-Premiums on such mongage gua~anty insurar~ce as mortgagee shall from t~me to ti~ne deem fit to carry on the loan secured hereby. Mortgagee sfia!1 from time to time not~fy mortyagor in writing of tFK amount due and payable hereunder and such sum ahal( tFereupon be due and F.ayabte on the d~e date of the neat month:y payment and each successive moneh thereaftrr u:.:il mortgagee shall notify mortgagor of a change in such a~-~ovnt. S„ch sums s~a:l be applied by morsgagee toward the payment of real property taxes, insurance pre , and mortga e guaranty insurance premiums. _ IN Y~ITNE55 WNEREOF, rhe said MORTGAGOR has hereunlo set his hand and seal the day and year first. foresaid.~ \ Si9ned, Sealed and delive~ed in the presence of: - - } L.~ ~ a~ ~ ~ Sergio o s Sean 'i ,l • (Sea4 ~ 'Teresit oces s~an i STATE OF FLORIDA Luc ie ~ ~ ' coun~r oF St. ; ` 8efore me peasonalJy appeared Sergio ROCQS a~ i € Teresita ROCeS his wife, to me well known and known to me to be ~ the i~dividuals described~in and who executed the foregang instrument, end acknowledged before me that they executed the same for the purposes ; therein expressed. And the said Teresita ROCeB ~ ~~fe of the said SeYq10 ROCES upon a separate and priwte ! examination by me taken separate and apa~t from her said husband, acknowledged to and before me that she exetuted said instrument freely and rotun- ; tar~ly and w~thout any compulsion, constraint, appre~nsiyn, or fear of w r her said husband. ' WITNESS my har~d and official seal this da iof `ju~ ' 7~ ; Y l .I~ D..79 ; ~ r GC~C~ G _ - Notary Public in a~d for the afe of F ~da a1 i~e - Return To: ~ My Commission expires: NOTARY PUBa~,~T~1~~~A~~~ _ " 25918~ ca~s~;ls~~ ~~ES_DEC: . t975 : First Federal Savings b loan Associat:on ,4 ~~,ed i~-,u rt y.a~ t~.u~ance tlqae~»rweri _ Of Fort P:erce. , ` i Fort Piecte, Florida ~ ~ • HLED ANl NE4~AOEp - , s,: : f'[.UiC1EC001~~YfLA. = f 73TA~S ~ ClERK Ct: Lil~T CO~~T ~ ; This Instrument Prepared By John W. Collins RECt'F.)YE' ~tEO' First Federal Savings & Loan Association , of Fort Pierce~ Florida yd g ij ~~73 ; Yw. ~ g ~ Checked 8y ~ ; • ~r O ~t ' ~I,?C~I( ~'A~; - - - - a - - - , ~ ~ = - ~ _ . .