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HomeMy WebLinkAbout0916 . , J. To place and continuously krep on ~he L~~'d~n•~s now or heieafter f~t~ate on sa~d ~and and on a~l rq~lp~nent and penoneily covered by th~s mo~1g- age, with all ptemiv:ns thcreon E~a d in full, I~re i~~w~o•xe ~n ~hr us~~l s~andard pol~cy form, in a sum aFNru~eJ by the MOkiGAGEE, and w~nds~oim insurance in tha usual sfandard pol•<y to~m, in a svm aHproved by the MOkTGAGEE, in such company or co~np~nies as the M02TGAGEE may direct; and aU (ire and w~nd~torm insvrance pol~c~es on any of sa~d buiid.nys, any interest the~ein or parl thc~eof, in the aggregare sum aforosaid or in excest the~eof, shall cont~in the u~~al atand~rd mongayre ciause w such o~her dause aa the Mo.tyagee may reqv~re, makmq the Ioss ~~~drr sa~d po~i- cies, each and every, payab!e ~o sa~d A1pRiGAGEE as ~ts ireer..•st n,ay appea~, and each and every aucA poLc~ s1~a? be prompriy assgncd a~~d deiivrr~•d ro sny held by se~d MORiGAGEE as lwther src~r~ty to sa~d mortgage dcbt, and, not Ieas than ten (10) days in advance o( ~he expiration of each pofcy, to de- Gver ro iaid MORTGAGEE a ~enewal thr~~rof, ~oge~her wnh a rece~pt for the prem~um of such ~ene+val; and ihcre shall be no fire o~ .vinds!onn insuronce placed on any oF sa~d build~ngs, any i~te~est therein a part thereof, unlrs~ in the (orm and w~~h the ~oss payaLle as afaesaid; and in the event any sum of money beconces payable under s~ch poticy or poGc~es said MORTGAGEE s?~.~II ~ave ~ha opt~o~ to rrc~ire and appty th~ aame on account of the indnbtrd- nrss secured hereby or ~o pe~mlt s~~d MORTGAGORS ro receive and use it o~ a~~y p.+r~ u~•-=eol lor oen• r ~.ur;~os.:s. ..:+1~o~t ih ur .v~„+~~ or u~.p~~~- ing any equify, lien or r~gh1 un~er or by virtue of ti~is mo:'gagc; end in the event sa~d MORTGAGGRS shall for any reason 1ai1 to keep Ihe sa~d p~emises so insured, w iail to de~iver promptly a~y of said policies of insurante to sa;d MORiGAGEE, ot (ail pra~:pYy to pay f~!!y any p~r~~uum thcrefor or in a~y respect fail to perform, d~scharge, execv:r, effecl, comple:a, comply wi~h and ab~de by th~s covenam, a any uart harrof, sa~d MCiRiGi+GEE may plece e~~o pay iw such. insurance or any part thereof wi~hout waiving w affrcting any opt~on, fien, equ~ty, or nght under w 6~ virtue of this hlortgage, and Ihe full amount of each and e~•ery such payment shall be immediately due and payable and shall bea~ interusi from ihe date the~eof uu~il p.,~d at the rate ol s. F nine per cen~um per annu~n end tu~rth~r •«ith such intc~c~r shai~ be s:c~red Sy the lien of this mo~tgage. 4. 1o permit, commit o~ wfter no waste, impairment or deterioratiw~ of said property w any part thereof. ~ ~ 5. To pay aIl and singula~ the costs, charges and expenses, ~ndud~ng a rrasonabie attomey's_fee and cos~s of absuacta oi title, ~nc~rred or ~id af- ~•-f any time by sa~d MORiGAGEE, because or in the e+ent of the filure on ~he part of ~he said MORTGAGOR to duly, promptly and fuily par(orm, d~sc~~arge. e:ecu~e, eflect, complete, comply wah and ab:de by eech and every ~he stipvlanons, agreements, condinons, and cover.anrs of said pran~ssory note and ~h~s mo~tgege any or eirhe~, and sa~d costs, cha.ges and expenses, each and every, shall be immrd~atrly due and payable; whe~her or nof ~here be notice da mand, attempt ~o coliect or suit peod~ng; and the ful! amoun! of each and every svch paymrm shall bear inreres~ from t~e date thereof umil pa~d at the ~ore of nine per c.:nwm ger annu:n; ~ne' all sa~d c~s~s, ci;afges and ex;:~nses irxurred w paid, toyether weh such interest, shall be secured by the lirn of th~s mwtgage. b_ That (a) in the event of any breach of this Mo:tgage or default on the part of the htORTGAGOR, or ;b) in the event any oF sa:d sums of money herein referred ~o be ~ot promptly and fully pa~d w~~hin thnty (3~) days neat atrer the same severatty become dve and payab~e, withou~ demand or norlce, or (c) in the event each and eve~y the sripuiai~ons, agreemenn, cond~cions and covenants of sa•d promisso~y note and th~s mortgage any or either are not ~u!y, promptly and (u~ly perfo:med, d.scharged, execut~d, ef(ected, completed, compGed w~th and abided Sy, then ~n e~~her w any wch eveM the aa~d ag~ gregate sum mentioned in said promissory ncte then remaining unpaid, with interest aecr~ed, and a~l moneys sec~red hereby, shall become d~e and pay- eo,e forrhwith, or therea(ter, at the op+ion of s~id MORiGAGEE, as fuiiy and comptetely as if all of the sa~d sums of money were or~ginaily shpu~ated ro be pa;d on such day, anythi~~g in sa d prorn+sso~y note or in this hlor gage ~o the contrary nol.vilhatanding; and ~here~pon or Ihereaher a~ the op~~on of sa~d MORTGAGEE, without not~ce w demand, suit at law or in equity, therefore or tt~ereaf~e~ begun, may be prosec~ted as if all moneys secured hereby n~d mat~red pnw ro i~s inatit~non_ 7. Tfiat in the event that at the beginn~ng o~ or at any time pe~d:ng any su~t upon this Mor!gage, w to foreclose it, or to reform it, or to enforce payment of any daims here~nder, said MC}RTGAGEE sha•.i apply to thr Coun having ~~r~sd:ttion th•_:eof for the appo~ntmem of a Rece~ver, such Court shail for~hwith appoint a receiver oF sa~d mcrtgag~~d property alI and singular, indud:ng atl and singuijr the income, prof~ts, issues and reven~es from whetever s:urce der~ved, each and every of wh~ch, it be~ny expressly underuood, is hereby ~nortgaged as ~f spec~ficaUy set forih and described in the g~a~iing a~d h~:>endum ciauses hereof, and wch Receiver shail have alt th~ broad and effective f~rct.o~s and powers in anyw~se entrusted by a Court to a Receiver, and n..ch appoirttment shall be made by such Cou~t as an adnutted equ~ty and a mauer of absof~fe r~ght to sa~d MORTGAGEE, and w~ihout reference to the adequcq or inadrq~acy of t}~e value of the property moregaged or to the so;vency or ~nsotvency of sa~d RlIORTGAGOR o~ the def~ndants, and that svch rr~~~s, profits, income, iuues and revenues shall be app~ied by such Receive~ accwdu~g to the Iien or equity of said MORTGAGEE and the practice of such Courf. 8. To duty, prompNy and fully perform, dlscharge, execute, e({ect, complete, compty w~th and abide by each and every 1F.e stiputations, agreemeots, conditions and covenann in se~d promissory note and th;s mortgage set fo~th. 9. That in the event the ownership of the mo~rgaged premises, or any part thereof, kecomes vested in a person other than the MORTGAGOR, th.e - * MORTGAGEE, irs successo~s and asvgns, rnay, wi~hout notice to the MORTGAOR, deal with svch succeaso~ ar s~ccessw in interest wi~h reference ro this ' n,o+rgage ar.d the debt he+eby sec~red in the same manr,er as with Morrgago~ w~thovt in any way vitkating or d~scharging the Mort9agors' liability here- ~nder w upon the debt hereby secured. No sale of the Fremises hereby martgaged and no forbearance on the part of the /JtORTGAGEE w its successors or a.signs and no exrension of rhe time for thr payment of the debt h~reby secu.ed given by the MORTGAGEE or its successors or ass~gns, ahali operate ro release, d~scharge, modify change or affect the orig~nal liab4rty of the MARiGAGOR herein, either in whole or in part. 10. It is speuficaliy ag.eed that time is of the esse~ce of this contract and ~hat no waiver of any ob~~gat~on hereunder or of the ob~igatan se- cured hereby sha'.t at any time thereafter be hetd to be a waiver of the terms hereof o~ of the instrumem secured he~by. I1. In add.r.c~ +o rh~ forego n9 ~•wnth'y payrnrnss of pr~~c pa{ and inrrres+ requ~red by the prom sswy no~e sewred hereb~, rr.ortgagor eovenants ~=:d agrees to pay to m.ortgai}ee v.~ti: each mor.th'y payr.~,ent an add~~ional sum cs~.mared by mortgagee to be eyual to 1; 12 of the annual cost of the foliow- i ~ ~ A-AU real prope.!y taxes levr~d o~ assex_a ag~~•~s+ th~ above dex~~hed real estate. ~ B-Pre^~~un~s on t~re and w~ndstonn ~nwra~ce az he~e+n req~~~red to be ca~ricd en ihe ~mproveme~ts s~tvate on the above d~scribed premises. i C-Premiums on wch mortg;ge guaranty ~r.s~~ra•.ce as mortoagee shail frc;r t'me to t~me deem fit to carry on the loan secured hereby. i Mortgagee sha!I irom t~me to tin,e nc~if~ morigagc+ m wrinng of the ar.,ou~t due and payabie hereundar and such sum shall thereupon~~dE~drlNi~~ I ~ayabte on the due dete of ~he next mo~th:y payment and each s~ccessive mo~th thrreaft,r ur,rit mcrtgagee shall notify mortgagor of a~Yang ~ r ~ ;--:ouni. Such zvms sF~a:l t~e app!ieci by mcrtgagce tov.a~d the Nay~nent o4 reai property ta~ces, insvrance prem,ums, d mor ge gu~Fapt~~~wtaq~~~~~ ~ I F~emi~mS. ~ V . - °3 ~ ~ IN Y~ITNESS L':HEREOF, the said MORTGAGOR has hereumc set his hacd and seal the day and ust af sai . ` ;C? t~,, s':: ; ~ ig , Seal nd de!ivered in the p~esence of: w - - i ~SJ . ~ ' :.ac-~~ I.eo . _ Yo9i ~ - ReJ a A. AsbrOJ~ at). ,-z ) ~ U~ ~j ~ a/k/a Regina Ambrogi ~ SiATE OF~ N~ rO/~~ ) coutJi~'6F,r _/~t IV G- S_ i ss. ~ `~~~.:t~t~~petsonally appeared I.@O .1. Ambroqi and ~ . Aabro i Regina As 9 _ his wi(e, to me well known and known to me to be w~dua(t. de~iibed in and who executed the foregoing instrumem, and acknowledged before me that they executed the same iw the purposes r . ~ : therein expressed; +l~nd the said R@9~Ia A• ~IOg~ • _ Leo J A.abrogi ~ ~rf of th }i~d= • upon a separate and private ~ ~ic~i{~t~bylndQa~te~~n sepa~ate and apart irom her said husband, acknowledged to and before me that she executed said instrumem freely and volun- ~ ''z'~prily and w'rt~r~y compu!s~on, constraint, apprehens;on or tear of or from her said husband. ~~.t ' ~ "•Nf~fA't~~5 m~r'hand and offiual seal this_ O day of_ A. D. 19_7~ _ - Q~ . ~ ' ' ' (--ll Notary Pub ic in and for the S~ate of-iierid~ at large • My Comm~ssion expires: Ns'w Return To: ~'~~Tk' ~ First federal Sa•++ngs 3 Loan Associatlon ~J~j~ J, B~O~ o? F~~r P~~«A. NOT~RY PUBLIC, State of New York NO. 24•S190150 ~g~~ Conat Fort Picrcc. F~cr~da Cert. li4d in 1 ~ - Ccmmies ce B:nire~ Marcb 3~, 19Z ~ 4' This Instrument Prepared By J. H. Rob6rt8. Jr. ~ f~l~ 0~lt0 RECpRDEO First Federal Savings & Loan Association f1•~UC~E C~UMTY f14. AOCCTi rGitRAS of Fort Pierce , Florida CLERR CsRCU1T COURT RE~r,p~ vf~aF;EO ~ zs~QS ~ - Checked By ~ ' ~ OcT 3 3 ss PH T3 ~o~ ~19 P~~E 916 ~r ~ . . - ~i", - ~ - , _ , _ _ .