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Home My WebLink About0315 _ • • To place and con~inuously keep on the bui:d~ngs now o~ hereafte? ~it~ate on sa~d fand a~d on all equ~p~n..m and pe~sonally covered by this mortg- sgs, w~tb ali premiums thereoo pa~d in luli, iire insurance in ~he usual stai~erd poticy (orm, in a sum appru+ed by the MOR:GAGEE, and w~ndsto~m insuronce in Ihs usual ttandard pol~cy io~~n, in a sum approred by ~he MORTGAGEE, in such company o~ cornpan:es as the 1~~ORTGAGEE may , dir~c?; and atl firs and windstorm insura~te pol~c~es o~ any o( ~aid build~nps, •ny inierest therein or part thereot, in the agg~egate sum afo~esa~d or In excess Ihereof, ihall conlain the usual standard mortgagae claux or such other clavss the Mortgagee may requ~ro, maAing the bat undrr fa~J poli- cie~, each and every, payable io sa~d h10RTGAGEE aa ~ts irocrest may appear, and each and every such po:~cy shell i~e promp~ly ass g~ed a~.d detiver~~d to •ny held by said MORiGAGEE as (uriher ~ecurity ~o se~d mortgage debt, a~d, not less than ten (10) days in advance oi the exp~~ation of eacfi policy, to de- liver to said MORiGAGEE a renewa! thereof, togerhe~ with a rece~pt for Ihe premium of such renewal; a~~d there shatl be no f~re or w~ndsro~m insurance plxed on ~ny of said build~ngs, sny interest there~n o~ par~ thereof, u~teu in the fo~m and with ths loss payable as a4oresaid; snd in the event any sum of money becomes payable u~der such poticy w po~icies said MORTGAGEE sh~ll have ~he opGon to recaive and app!y the same o~ accoun~ of the indebtrd- ness sewred hereby a ~o permil s3id MORTGAGORS to receive a~x! use il or any part thereof ior otnc~ pur~,osrs, v.~th~vt ~h~~~u~ .v::i~in~ or ~~~,pai~- ing a~y equity, lien a r~ght under or by virtue of ~his mo:~gage; and in the event sa~d MORTGAGORS shall fo~ any reason fail to kcep ~he satd premiscs so ~nsured, pr fail to deliver promptly any of said policies of irisurance to said MORTGAGfE, or fail promptly to pay fully any pre~n~~m therefo~ w in a~y respect fail ro pe~(orm, d~scharge, execute, effecl, comptete, comply wi~h and abide by th~s cove~ant, a sny part hereof, sa~d MORTGAGEE may piace a~~d pay fw such insurance or any part thereof without waiving or affecting any oplion, lien, equ~ty, or right unde~ a by virtue of ~h~s Mwtgage, and ~hc f~Il a~nount of each and every such paymem ahall be immedlately due and payable snd sfiall bear interest fiom ~he date thereoF un~il paid at ~he rate ol nine per cent~m per annum and to~rthtr with such interest shall be secured by the lien of this mwtgage. ' To permit, commit or sutfer no waste, impairment or deterioration of said property o~ any part lhereof. 5. To pay atl snd singular the costs, charge~ and expenses, including a reasonable attorney's fee and costs of abstracts of t~tle, incur.ed o~ pa~d af any time by said MORiGAG:E, because w in the event of ihe failure on Ihe pan of the said MORTGAGOR to duly, pron~p~ly and fully periorm, d~stharge, execute, e(iect, comple~e, comply w~th and ab:de by each and every the stipulano~s, sgrcements, co~+d~tions, and covenan~s of sa~d promissory note and ihi~ mortgage any o? ei~Fxr, and said costs, charges and expenses, each and every, thall be immediatety due and payable; whether w not Ihere be ~o+ice de mand, attempf to coliect or suit pend~ng; and the full amount of each and e~ery such payment shall bear interest (rom the date the~eot until paid at the n;re of nine per ce~wm per an~~um; a~x3 all said co:ts, charges and eapen~es incurred or paid, toge~her wdh such interest, ahall be secured by the Iie~ of this mwtgsge. 6. That (a) in ths event of a~y breach of thi~ Mortgage or defaull on the pa?t of the MORTGAGOR, or (b) in the,event any of sa:d sums of money herein referred to be not promptly and fully paid within th~rty (30) days ~ext afte~ the same severa:ly beco~~e due and payable, without demand or no~ice. or (c) in the event each and every the stipulations, agreements, cond~tions and covenants of sa.d promissory ~ofe ared thls mort9age a~y or either are not ~uly, promptly and fully performed, d:xharged, execu~ed, effected, comple~ed, compl~ed with and abided ~y, then in e~ther or any such event the sa~d ag gregate sum rrKntioned in said promissory note then re~naining unpaid, with interes? accrued, and atl moneys secured hereby, shall become due and pay- ab~e forthwith, a therea(ter, a1 the option oi said MORTGAGEE, as (ully and comp~etely as if all of tl:e said sums of money we~e or~ginally st~putated to be pa~d on such day, anything in sa:d promisswy note or in this Mwtgage to the contrary notwirhatanding; and the~eupon or therealte? at Ihe opt~on af :a~d MORTCaAGEE, without notice or demarxJ, suit at law or in equity, therefore w thereafter begun, may be prosecuted as if all moneys secured hereby nad matured pr~w fo Js iostitution. " 7. That in the evenr that et the beginning of w at any time pending any suit upon this Mortgage, w to foretlose it, or to reform it, or to enforce payment of any claims he~eunder, said MORTGAGEE sha~l apply to the Court having jurisd~ct~on thereof for the appo~ntment of a Receiver, such Cour1 shafl forrhwith appo~nt a receiver of said mwtgaged property all and singular, includ~ng all aix! singular the income, p~of~ts, issues and revenues irom whatever seur~e de~ived, each and every of which, it being e~pressly undentood, is he.eby morrgaged as if specifically sel iorth and deuribed in the g~aromg and habendvm clauses hereof, and such Receiver shall have all ~he broad and ef(ecnve iunct,o~s and powers in anyw~se entrusted 6y a Court to a Receiver, and s~ch appointment shall te made by suth Court as an admitted equity and a matser of absolute righf to said MORTGAGEE, a~d wiihout re(ere~c~ to the edequaty a inadrquacy o1 the value of Ihe prope~ty mortgaged or to the so.vency or insoivency o( said MORTGAGOR or the delendar.ts, and that such rents, profits, income, issues and revenues shall be appl~ed by such Receiver acCOrd~ng to ~he lien w equity o( said MORTGAGEE and the practice of such Courf. 8. To duly, promptSy and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenanis in sa~d promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any parf the~eof, becomes vested in a person other than the MORTGAGOR, the •'V'.ORTGAGEE, its successon and ass~gns, may, without notice to the MORTGAOR, deat w~th such wccessw w successor in i~terest with re(erence to thi~ mortgage a~d the debt he~eby secured in the same manner as with Mortgago~ without in any way vitiating or d~scharging the Idor~gagors' liab~tity he~e~ under o~ upon the debt hereby secured. No sale o( the prem+ses hereby mortgaged and no forbearante on the part of the IhOR7GAGEE or its suttessors or aas~g~s and no exrension of the t~me for the payment of the debt hereby secured given by the MORTGAGEE or its svccessors or ass~gns, shall operate ro release, d~scharge, modify change or affect the orig~nal liab+l~ty of the MORTGAGOR herein, eilher in whole or in part. i0. It is speufically agreed that time is oi the essence of this con?ract and that no waiver of any obligat~on hereunder or of the obligation st cvred hereby shall at any time thereafter be held to be a warver oi the terms hereof or of the instrument secured he~by. li. In add~tien to the forego:ng monthly paymfnts of princpal and interes~ required by Jhe promisscry no!e secured hereb~, mortgagor cove~ants a~,d agrees to pay to mo-tgagee v~ith each mon~h!y payr.:ent an add~rional sum es~~mated by mortgagee to be equal to 1, 12 of the annual Eost of the follow- ng: _ ~ A-All real property taxes ievied or assessed agai•ist thc above described real estate. ~ B-Prrm~ums on fire and w~ndsrorm msurar.ce as here~n requ~red to be carried o~ the in,proveme:+ts s~tuate on the above described premises. C-Premiums on such :nortgage guaranty ir.w~ar,ce as mertgagee shall from t~me to time deem iit to carry on the loan sewred hereby. ~ Mortgagee shalf from t~me to t~me notify mortgaqor ~n writ~ng of the amouot d~e and payable hereundrr and s~ch sum shall thereupon be due and ~ syable on the due date of the next monih:y payment and each successive month thereaftcr until mortgagee shall notify mortga~or of a change.in such ' o^:ount. $uch sums sFa:l be applicd by mortgagee to•ti•ard the payment of reai property tazes, insurance prem~ums, a~id mortgage guaranty insurance i ~ o~emiums. E ; IN Y~ITNESS :'JHEREOf, the sa~d MORTGAGOR has hereunto set his hard and seal the day and year first aforesaid. ° ~gned, Sealed and deliv ~n the pr nce ot: ~ `~=}~.~:7 .~L .Z'i' ~~/r_~~i a~~ - ~ - J hn Bonq vanni ~~aq ~ k i ess ~~ai~ 5 i ATE OF FLORIDA St . I.uc ie u• COUNTY OF 1 ~ Before me personally appeared John Bongiovanni a~ - W~ e BOn9 ~ his wife, to me well known and known to me to be ~ +he individuals described in and who exe:uted the foregoing inshument, and acknowledged before me that they exetuted the same for the purpose~ ~ rhe~ein expressed_ Arid the said W~11t1~e BORI9~OVaIIII~ , ~ N~fe of the sa~d .~O~lll Botr~iovanni , ~pon a separa~e and private ~ examinat~on by me taicen separate and apart from her i acknowledged to end before me that she executed said instrument freefy and volun- ~ ranly and without any compulsion, constraint, aepte 9~6eer~of or from her wid hvsband. ' C.I~. Se eab~r ~ 7 ° WITNESS my hand and official seal t1~i! y of ,,~l:.D. 19~ :s ' - " / - - ~Z2.~. _ ` Notary Public in and for the State of fiorida ~'Larg~ ~ • - My Commission expires: ~ Retvrn To: , i/ , ' x i ' • " - Fint Federal Savings b Loan Associafion ~t.'iARY Plli [tC. STATE of FLQAIBA ~t ~Q ' y~ Of Furt P(erce. 2s4so~ ~ Ci~:;!.fISStOY EXFIRES j~tF 7,~1977 Fo.r Pierce, FIo.~Ja ~e~ ~y :.Ten;an Bankers f~sbiarite Co, 3 . • - r ~ • 'l..;-^ - ~ ~.~i~ll~~fd ~t~````` ~ Ra: ; ~ ~N~,,, . u~« ,v>;MTK FLA. t ~ This Instrument Prepared By GsuCy F. Bllwood ~ First Federal Savings 8~ Loan Associatian ft" ~y~~; j'iR~S of Fort Pierce F1olCids ~t~~.~ t. ..t~~: ~~URt ~ ~ ~ Fsr~ac; yf:::~~c~~ ~ Checked By G 5.~ ~ j~ ~ s~ ~a ~ sb ~ sao~ 2~9 P~ 315 g'R 4~' , . . . ' . . a