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Home My WebLink About1327 3. To place and continuo~sly krep o~ the Lu~'dir~gs now w hereafr~r sitvate on sa~d land ind on +~1 equip~nent and perso~alfy covered by Ihii mwt¢ ege, wilh aN premiums thereon pa~d in lu~l, 1~re insurance in tht u~ual ~tandard policy iorm, i~ • tum app~oved by Ihe MORiGAGEE, a~~d windsto~m ~nsurante 'n the usual ifandard poi~cy fam, in a aum appro~ed by ~ha MORTGAGEE, in such campa~Y o~ to+~ipinies ~s ~he MORIGAGEE may d~rect; ~?.~+d all fire and windsrorm insu~ance policies on ~ny of said buildings, any intsrest ~here~n a p+~t tFureof, in ~Fw aggrzgaro aum afwcsa~d or in excess ~hereof, ~hall cootain the uiual standard mortgegee ctause w such o?her clauss as tM Matgagee msy requ~re, ma?inp the lo~~ unde? fa~d po~~ c~es, each and every, payabt~ to said MORiGAGEE ai its interesr may appear, and e+ch and evay such policy shall be prompUy a~s g++cd and de~i~errd ~o any held by sa;d MORTGAGEE tur~ha iecurity to uid mor~gage debt, and, not leu than ten (f0) days in ad~a~xe of the expirat~w+ of each policy, to da I~ver to isid MORiGaGEE a renewal ~he~eof, toge~Mr with a ~aceipt for the premium of such renewal; and there slull be no fire o~ winds~o~m io~urance ptaced on +~y o( said bvildings, any interesl therein or part thereof, unless i~ tM iorm and wiih ~he lou payabl~ as afo~esaid; and the event any sum of m.on~y become~ payab~e unde~ such polity e~ policies said MORTGAGEE shall have the opt~on to receive and appty the ume o~ accoun~ ol tM indebted- ness iecured hereby or to permil eaid MORTGAGORS to receive a+u! use i1 or any pa~t thereof ior otner purNases. w~thout thanb~ wa~v~.~~ cr u~~pau- ;ng any equity, lien or right under w by vin~e of this mortgsge; and in the event ssid MORTGAGORS shall fa +~y roason fai) 1o kcep the sa~d premiszs so ' ~nsu.ed, w tail ro det~Y~r promptlY +nY of said polKies of insurance to ia~d MORiGAGEE, or la~l p~omptly to pay lully any pre~ni~m 'therefor or in a~y respcct fail b perform, d+stha~~e, exccuts, effec~, canytetz, ca~:ply with snd abida by th~s mven~M, w aoy part ha~eof, said MORTGAGEE may piate a~~d. + pny fa such +nsurance or any past thereof without waivi~ a affetling a~y option, lien, equity, w righ~ u~der w by virrue of ~his Morlge~e, and tht tull amoun~ of each and ev~ry such payment :hall be 7mmediately due snd payable •nd shall bear interest from the date thereoi un~il pa~d at the ~a~e oi n~ne per centum per annum and to~=thrr with such imerest shalf tx secured by the' lie~? of this matgage. 1. To permit, commit or suifer rq waate, impairment a deteriora~ion of wid p~operty w a~y psrt therco~. 5. To pay all and singutar the cosls, chargea and expe~ses, includ~ng a reasonable attwney i fee and costs of abstracrs of title, incurred w paid at any time by sa~d MORiGAGff, bccavse or in Nx event of the failure on the part of the said MORTGAGOR to duly, promp~ly snd fully perform, d~scharge. execu~e, ef(ect, complete, comply w~th and ablde by esch and eve?y the stipulanom, agreemenn, cond~tions, and rnvenams oi wid promissory no~e and fhis ; ~:ortgage any or ei~har, and said cosn, cha?9es and e~cpenses, each anc! every, shaU be immedi+tely due a~u! payable; whe~hcr w not there be noticc da t mand, at~empl ro coilect w suit pending; and the (ull amouM of eac6 and evmy such payment shall bea. interest from tne date thereof until paid at the r;re of ninr per ceMum per annurn; and all said costs, charges and expenses incurred or paid, togerher w4h such interest, shall be setured by the tien of this mortgage, ' b. That (s) in fhe event of x~y breach ot this Mortgage w default on the part ef thc MORTGAGOR, w(b) in the event any of said sums of money ~ herein refened w be nW promptly and iully paid within thirty (30) days qex~ after t6e same deveratiy betwne dve and paraWe,-withoul decnand.or nQlice, or (c) in the event each and every the s?ipulations, -a~reements, conditions and covenan~s of sa:d promissory note and th~s ma~gage aay or athsr are no1 ~ i~ly. oromotlr and fuily perfamed, d~scharged, executed, effected, completed, complied with and abided 5y, then in either w ~ny such ewent the sa+d ag gregate sum mentianed in said promiuwy note tnen remaining u~~E,e~ai, w::` :::r:r:! aet~vrd, a~ a11 moneys setured hereby, shell become due and pay- able fonhwitl?, a fherea(ter, at the option of said MORTGAGEE, as fully and' completely as ii all of ~he sa~d sums of money were aigi~slly ~t~puiated ' ro be pa~d on such day, anything in sa;d prom~sswy ~ote w in this Mwtgage to ~he contrary notwirhsrand~ng; and ?here~pon a the~eafter at the opt~w+ of sa:d MORTGAGEf, wirhout nat~ce or demand, su~~ at faw or in eyu:sp, SF:Et2fMC a* thereaher beaun, may be prosecuted as if all moneys secured hereby ~ i had mat~red pr~w to rts institutio~. ; 7, That in the event that at the beginn~ng of or at any time pending any su~t upon this Mortgage, or to foreclose it, or to refwm it, or to enfo~te I payment of any tiaims hereunder, said MORTGAGEE shall apply to the Court having ~urisd:ct;on thereof for the appo~nlment of a Reseiver, such Covrt shall ; fcrthwith appoint a nzceiver of said mortgaged property all and singular, includ~ng all a~d singular the income, prof~ts, issues a~d revenues from whateve~ ; s,urce derived, each snd every of wh~ch, it being expressly understood, is lxreby mcytgaged as if spec~fically xt forth and dewibed in the granting and ~ habendum dauses hereof, and such Rxeiver sha11 have all the Moad a~d effect~ve Sunct~ons and powers in anyw~se entrusted by a Court to a Rcceiver, and s: ch appointment shall be made by such Court as an admitted equity. and a matter oi absolute right to wid MORiGAGEf, and withevl reterente to the aciequacy o~ inadequacy o( the value of rhe property mortgaged w to the soivency w inso~ve~+ty of said MORTGAGOR or the defendants, and that such ; renfs, profits, income, issues and revenues shall be appiied by such Receiver atcord~ng ~o the lien or equity of said MORTGAGEE and the p~aUice of such Gouci.___.. 8. To duly, Fromptly and iully perform, d~scharge, execute, e(fect, complete, comply w~th a s~ y eac a ev , . conditiona and covenants in said promissory note and this martgage set forth. ! 9. That in the event the ownersh~p of the mor~gaged p~em;ses, w any part thereof, becomes vested in a person other than ihe MORTGAGOR, the B h'.ORTGAGEE, its successws and ass~gns, may, wiihout norice to the AtORIGAOR, deal wiih such succeuor or successor in interest with reference to this n•~o~~gsge and the debt hereby secured in the same manner as with 1Aortgagor without in sny way vitiatirg w d~scharging the Mwtgagori Iisbifity here- under or upon the debt hereby secured. No sa!e of the p.em~ses hereby mortgaged and no fwbeara~+ce on the pa~t oi the MORTGAGEE a its successors c~ assigns and no extension o} the time fw the payment of the debt hereby secured given by the MORTGAGEE or its successus w au:g~s, shall operate ro release, discharge, modiiy change a affect the orig~nal liab~t~ty of ~he MORTGAGOR herein, either in whole w in part. 10. It is spec~fically agieed that time is of the esse~nce of this contract and that no wawer oi any cwi7yeiiw~ :~a;eu.-.de: a wf !!:e ob! ~at~<+~ s.- i cured F?ereby shali at any time thereafre~ be held to be a waiver of fhe terms hereof or of Ihe inst~ument secured he~by. 1 t. In add:t~on to the fwego'nq rnonth~y payments of princ pal and interest ~equired by the prom~swry no!e secured hereby, mortgagor covena~is ; and a rees to to mort ee with each momh[ rnent an add~rional sum esnmated b mort ee to be ual to i' 12 of the annual cost oi the follow- 9 PaY 9a9 Y PaY Y 9a9 e4 ~ a-Ati real p~operty ta~ces lev~ed or assessed aga;•isf the above described real estate. B-P~em~ur.n on fire and windztorm in3urarce as Ferein req~~red to be carrEed on the improvements sit~ate on the above described premises. C-Premlums on wch mortgage guaranty icsurance as mortgagee shatl from t;me to time deem fit to tarry on the loan secured hereby. } Mwtgagee shall fro,n time to time notify mortgagor in writing of the amo~:nt due and payable ?xreunder and auch sum shai~ thereupon be due and ? ;~yable on the due dare of the next month:y payme~t and each successive month thereafter urti! mortgagee shall notify mortgagor of a change in such ; a•:ount. Su~h sums sha:t be apptied 'ay rr:or?gag~e ioward ihe payment nf- real _ property _ taxes,_ _insurance prem.oms, artd mortgage guaranfy insuraoce p~emiums• - - - ~ - _ _ . !N Y~ITNESS WHEREOF, the sa~d MORTGAGOR has hereunto set his hand a~d seal the day and e fir a(wesai Signed, Sealed and delivered ' the presence of: ~ an ; Robert - J. Braccio~ a sina kpq e?dul! (Seaq ~ (Seaq ~ STATE OF FLORIDA . + S5. ' ! ~OUNTY OF $t. L~~-e 1 ~ S Before me penonalty appearcd Ro rt J BYacei s n~g~]n,3t -sn~ ~ ~ 5 . -~~~--~~~~~"-~-~~---~-~-~~1fi~ruffr to me weil k~ow~ and known ro me to be ' s the individusl . described in and who execwed the foregoing instrument, and atknowledged befwe me tfiat tia executed the same for tF~e purpoaes i therein expresxd. Ard-ti~st~i1, - j 1!T(!~ Of'tE1C 7Bfl~' ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ .l1'M1~~fl~Mll~M~ *fiYaf~ ~ ~ <.a~w~ws~~.w. L~ ~a1.ew s~p...N.aw~api.L fsaa.l~es sa:~ In,~ba~d. ackwowl.dg.rL ti.a.d. ~atos~ ~~at i~_ _---..t~i s~id~ostr,uQ~rat.freoiy~ and.rdun. ~ : s~;t~r ~,ri~heut~ox. c~a~puttino~ostcairw,a~e~re~eas~a~. re fear.r~f ~e idh?sbar~d- 3 WITNE55 my hand and official seal this V~~`' d of 0. l9~ ~ - ~ ' • } ; Notary Pubtic in and ` the State ~~~d1~,~t.{~rp~~•-, ~ } ; My Commissioo expires: ~ ~ s`' ~ - ` _ f a Retum To: = ? : ; R V ; _ ~ ` ~~ti : ~ First Federal Savings d~ loan AssociaTion ' Y n:,r cr. O _ U ~ ~J t ~ Of Fort P-e:ce. Q j '~~~~t'~ ' ~ F ~s : ~ c.. Fort Pierce. Florida ~~a7 ~ .~e/::_~;e • y . j ~ ~ i , ~ ~ ' ' r•`4-r n~~~~~.C~ t l ~TE This Instrument Prepared By Gary F. Bllwood - rK~r~Fi'.~~' First Federal Savings & loan Association f~~Ep f~xQ ~ECOA~EO i of Fort Pierce F lot ida ST. ~UCI[ COt1N1Y f~A. ~ ~ ROCfR PO~TpAS CIERK C? .CU1Y COURT ~ ' Checked By ~ll P.f C~ iE~.F?f a~~ ; 10 10 2e I~M'13 - ' 800K ~1~ PAGE~~26 sb ~ ~ ~ S _ . _ _ " _ _ . 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