HomeMy WebLinkAbout0665 3. To place and cantinuously keep o~ !'~e bui!ding~ now or ~ereafter situate an said lend and o~ all equip~ne~t ~nd pe~sonafly cove~ed by this mortg-
~gs, wi~h ali prem~ums thercon pa~d in tull, fire insura~ca in the u~ua! s~anda~d poGty form, in s ~um appru~ed by the MORiGAGEE, and w~ndi~orm
insurance i~ Ihe uiual seandard pol:cy form, in a sum approved by the MORiGAGEE, in such compa~cy or com~,a~ies sa ~he MORiGAGEE may
direclt and al! firs and winds~orm insurance poficies ' on a~y o( said build~~+gt, any interesl therein or parf fhereof, in fhe agg~egaee sum afwesaid w
In excess Ihe~eof, sAsl) contain the usual slandard mor~gagee clause or such othe~ clause as 1he Mortgagee may ~equ~re, ma?in9 the ~oss under sa~d poli-
cies, each and every, payab~e to said MORTGAGEE as ~b in?ere3~ may appear, and each and every auch policy shal~ be prompt(y ass gned a~~d defiverad to
eny hetd by said MORTGAGEf as (urthe~ security to said matgage debt, and, not leu than ~en (10) days in advance of the expiratio~ of each policy, 1o de-
Gver to said MORTGAGEE a renewal thereof, toge~her with a receipl iot tAe premium of such renewal; and ~here shall be no i~re o? w~ndstonn insurance
pleted o~ any of said buildings, any interest therein or part therto/, unlcss in the form and with fh~ loss payabte as alo~esaid; and in the event any sum
of mo~ey becomes payable unde~ such policy a policies said MORTGAGEE ;hall hsve the opt~on to receive and apply the same o~ accoun? ot the indebted-
ness secu~ed hereby w to permil said MORTGAGORS to rcteive and use it w any part thereof for othcr p~rpofrs, wiihouf th_+cc~ wci~i.ig or a+,pai~-
~~y +ny eqv~ty, l:en or right undar w by virtue of lhis mo:!gage; and in ~he event ssid MORTGAGORS shall fo~ any reason fail to keep ~he sa~d premisas so `
insured, o? (ail fo deliver promptly ~ny of said policies of insurance fo said MORiGAGEE, o~ lail promptly to pay fully any pre~n~~m there(w w in a~y
rc~pecl fail to perfo~m, discharge, execute, ef/ett, complete, comply wirh and abide by this co~enan}, or any perl hereoi, s~id MORTGAGEE ntiay pVace anA
pay fw such insurance or any part ~hereof without waiving w af(ecling ~ny option, lien, equ~ty, or right under or by virtue of this Mortgaga, and the
full amouM o( each and every s~cA payment shall be immediately due and payable and shall bea~ iMerest trom the datQ thereof until paid at iha rata o1
nin~ p~vi cenr~m per annwn and to~ether with such interest shaU be secured by Ihe lien of this mortgsge.
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1. To permit, tommit w sulfer no waste, impairmeM or deterioration of said property w any part thereof. '
S. To pay all and sirx~utar the costs, chargea ~nd expenses, tnctudin9 a reasonable attorney'ti fee and costs of abstracts of titte, incurred or paid at
any time by said MORTGAG:E, because w in the event of the tailure on lhe part of the said MORTGAGOR fo duly, promptly s~d (u!ly perfwm, d~xharge, '
axccute, effett, comp~ete, comply with and ab:de by each and every the stipulations, sgrcemenis, conditions, and covcnants of said promissory note and this
morfgage any w either, and sa;d costs, charges and expenses, each and every, shall be immediately due and payabfe; whe~her a not ~here be no?~ce dc
mand, ancmpr to cotiect or suit pend~ng; and the full amount oi each and every sucli paymsn~ shall bear interea~ from the date thereof until paid at the
r~te of nine per centum per am~um; and all said coat~, charges and expenses intu~red w paid, together w~th sucl~ intereat, ahalt be secured by the lien of this
mortgage.
6. That (s) in the event o~ any breach of this Mo~tgage or default on the part of thc MORTGAGOR, or (b) in the event any of said sums of money
herein referred to Fx not promptly: and fully paid within thirty (30) days next after the same severatly become dve and payabte, without dema~d or ~otice,
or (c) in the event each and every the stipulations, agreements, cond~tions and tove~anta ot sa;d promissory note and th~~ mortgage e~y a either are oot
ju;y, promptly and fully performed, d;scharged, executed, elfected, tompleted, complied with and ab~ded by, then in either w any such event the taid eg
gregate sum mentioned in said p?omisswy note then ~ema~ning unpa~d, with inreresl accrued, and all moneys secured hereby, shall become dus and pay-
abte forrhwirh, or therea(ter, at the option of said MORTGAGEE, as lully and completely as if all ot the said sums of money were wiginally s~~puiated
fo be paid on such day, any0hing in sald prom~ssory note or in this Mwtgage to the conrrary notwithstanding; arxi thereupon or thereafter at the optio~ of
sa~d MORTGAGEE, withoW no+ice or demand, suit at law or io equ~ty, therefore w thereafrer begun, may be prosecufed as if all moneys secured hereby
had matured pnor to ~ts instieution.
7. That in the event that at the beginn~ng of or at any time pending any suit upon this Mo.tgage, w to foreclost it, or to reform it, or to enforce
payment of any claims he~eunder, said MORTGAGEE shall apply to the ~ourt having jurisd;ctio~ thereof fw the appo~ntment of a Receiver, such Coun shal)
fc~rhw;th appant a receiver oF said mortgaged property all and singular, intlud~ng all and singular ~he income, prof~ts, issues and revenves from whatever
sou~ce derived, each and every of which, it be~ng expressly understood, is hereby mortgaged as if s{pecifically set forth and described in the granring and
habendum clsuses hereof, and such Receiver shall have a!1 the broad and efiecfive funct~ons and powers in anyw~se entrusted by s Court to a Receiver, and
s~ch appointment shall be made by svch Court as an ad~nifted equity and a malta of absolute right to said MORTGAGEE, snd without reference to the
adequaq or inadequacy of the value of the property mortgaged or to ~he so:ve~cy or inwtvency of said MQRTGAGOR or the deie~~dants, and that such
rents, profits, income, issues and revenues shall be apptied by such Receiver according to 1M lien w pvity .pf taid MORiGAGEE and the practice of s~ch
Courf.
8. To duly, promprly and fully perform, discharge, execute, effect, compfefe, compty with and abide by each and eve?y the stipuiations, agreements,
conditiorta and covenan~s in sa~d promisswy note arn1 this mortgage set fwth.
9. That in the event the ownership of the mo?tgaged premises, or a~y parl thereof, }xcomes vested in a person olher than the MORTGAGOR, the
ti'ORTGAGEE, its succeuors and ass~gns, may, without notice to the MORTGAOR, deal with such successor w suc:essor ;n i~terest with ~eference to this
mortgage and the debt hereby secu~ed 'en the same manner as with Mortgagor witho~t in any way vitiating w d~scharging the Mortgagors' liability hero-
vnder or ~pon the debt hereby secured. No sate of the Fremises hereby mortgaged and no forbearance on the part of the /~10RTGAGEE or its successors
or ass~g~s and no extension of the time for fhe payment ol the debt herety sewred given by the MORTGAGEF or its s~ccessus or ass;gns, ahall operate
to release, d~schar9e, mvJ;fy change or affect the original liability of the MORTGAGOR herein, either in whole or in part.
10. It is specifically ag.eed that time is of the essence of this contract and that no waiver of any obligation hereunder or of tAe obligation so-
cured hereby shail at any time thereafter be he~d to be a waiver of the terms hereof w of tiie instrument s~cured herby.
11. In addn~o~ fo the iwege ~g n;omh~y payments of princ pai and inreresr required by the prom;ssory nore secured hereby, mortgagor covenants
>nd ag~ees to pay to mo:tgagee wnh each monthiy pa~~n¢nt an adJ~rional sum esr~maied by mortgagee to be equal to 1 j 12 of the annual cost of the fo{low-
~ng: .
A-All real p~ope~ty taxes levied or assessed agai•~st thc above desviyed real estate.
B-Prem«ms on fere and windstorm ~nsurar.ce as he~ein requ:red to be carried on the improvements situate on the above desc~ibed premises_
C-Premi~ms on such mortgege guaranty insurar:ce as mo~tgagee shail frem nme to time deem fit to carry on the loan secured hereby.
Mortgagee sha}I trom t?ma to time nor~fy mc+tgagor in writi~ of the amo~nl d~e and payable hereundrr and s~ch sum shall thereupon be due and
c.syable on the due date of rhe next month;y payment and each successive month rherealter ur.til mortgagee shall rwtify mortgagor of a chaoge in such
a~~ount. Such sums sF.all be app:ied by mortga~~e toward the payment of real property ta:es, insurance prem:ums, and mortgage guaranty insurance
n•emiums.
tN WfTNfSS WNEREOF, the said MORTGAGOR has hereunto set F~is hand and seal the day and year first aforesaid.
Signed, Sealed and de~ivered in the presence of: ~o'~
~Seal)
Do iCk Roberto (s~an
- S~aq
- Anna Roberto ~~a~~
s.ATEOF~ ~~y ~
~o~Nn oF _ _ yt A/6 .S~ u-
i
. ;
Befwe me personally appeared Domniek RobeYto a~ 3
_ AClt1d Roberto his wife, to me well koown and known to me to be F
the individuats desaibed in and who executed the foregoing instrumenl, and acknowledged before me that they executed the same for the purRoaes
therein expreased. And the said Anna Roberto -
wiie of 1F~e said Domniek Roberto upon a separate and pr"~vate
examination by me taken separare and apart from her sa~d husbasxl, xknowledged to and befo e me that she executed said instrument freely and volun-
ra~ily and w~thout any compulsion, constraint, apprehension, or faar of or from f?er said hus '
WITNESS my hand and offit~al seal this i G~)
day of_- ~ R. D. 19~3.
~An'AC I!' <TOI~D[7Q~~S
y; ,~=3js`~ Y Notary Public in end for the Sfate of ~t Large ~
Qw(1fi• '2unp Councp N1y Commission expires: N}/
Return To: ~i 30. 1~ ~?~p/7 ~ ,
first federa{ Savings b Loan Association .
Of fort P~erce. . ~ { _ , '
Fort Pierce, Florida • „ • V
• ' . -
~
Fti.ED 'nU ~ECJRDED -
SL lllCtE GOuMTY FLA. f • ~ - ~ f ;~_l .u~ _
P,GC"~ 'O;T~AS G .'-,v ~ ; _
This Instrument Prepared By J. H. Robexts ~ Jr.~; ;;OURt - ~ ~ . -
First Federal Savings 8 Loan Association pr;.~.;,~; y-~.,~,r; ,^1 - _
. , of fort Pierce ~ Fiorida ~ . -
ehe~kett sy ~i~ OCI 2 9 5 i AN '13
BooK 2i9 ~n~c 264sss -
ss5
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