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Home My WebLink About2678 J. To place and cont+n~o~sly kcrp o~~ ti~e l,u~'d~: _~s no« ar Lerrafier s;t~.ate on sa~d land a~,d on aL' iq,~p~+:z~;,t ar:d pe~sona'Iy coler~d by tAis mong- ege, w~th at) premium~ tnrreon pa:d in ful1, h:e insur~~ur ~a the ~.swl stai:~~rd ro'~ty lonn, ~n a scm appro.ud b~ Ih,: hIUR~'v:.vEE, a~~J w~ndsto~m ~niurance in the usual a~anda~d po~:cy torm, ;n a su~n ,~~;pro.ed by the MURTGAGEE. in su.h cun,pauy ur co:n,;an~et aa !he h;02~GAGEE may d~rect; ar~d a11 fire and w~ndswrm iniuran~e poi~uos on any of smd bu~~d~n9s, any inte.rst therein or pare eh~reof, in the 3ygr~•ga+e s~m afore~ald or in extes~ lhrreo~, shall :ont;;n ihe us~at s!and~rd n~or~g..gre clause o? such oiher cla~se as Ihe Mor~gagee may reyu,ro, mnM~ng t~,e ~css u~~dr~ ~~~d poli- :~rs, each a~d every, payable to aa~d n1JRiGAGEE as ~ti i~~t~r~st may app.:ar, and each and eYrry ivch pu,ky st,ell be piUn:ytly au g~~rd a~:d de;~~en•d ro , eny he(d by sa~d 110~TGAGEf as furnc~r security ro sa~d ~•iortgage debt, and, no~ less than ten 4S0) days in ad.m~ce o1 the tipuat:on of eoch poi~cy, to de- . i;ver to said MOR~GAGEE a renewal the~eoS, togethe? wi~h a rece~pt for the premium of such renera~; and thrre thad be no f,re or w~~~duvm insurance placed on any of sa~d buitdings, any InfPfP11 IF1ZtCIfl or part fhereof, unless in ~he tor~n and witA Ihe 7ot• payable as aiurfseid; ar.d in ~he eYent any sum ~ ot monQy becomes payable undrr such polity or poLcies said MORTGAGEE shall have the opt~on to retene and app!y the same on accoont o1 the i~~dcbtcd- neas 32cwed hzreby or to permit sa~d ~AORTGAGORS lo receive and use it Or any parl ih:reof tcr o:nrr yu~_ ~srs. :.~i~~o..t ~h••~ u, a.~:~ cr ~•~.p,n- ~ng any equity, i~eo w r~ghr u«drr or by virtue of th;s mo:'gage; and in the evem sa~d AIORTGAGOR$ shatl for any rcaso~ fai! to keep the sa~d p~E~ni3~~s so ~rw~ed, w fail to defiver pranp~ly any of said po6cies of insurance to sa~d MORIGAGEE, w ia~1 promptly to pay fu~~y any pre:n~um therofw or in any respett fail eo {xrform, dncharge, execute, etfECt, compiete, co~nply wi!h and abide by this covenant, os any par? hereol, sa~d MGRiGAGEf may p~ace and ~ pey for suth i~surante or any part thereof w~thout warving or afiecting sny opt~on, lien, eq~uy, o~ r~ght vnder w b~r vi~tue of this Mortgage, ar.d thc 1„tl a~nount of each and every s~ch paym.:M shall be immediately due and payable and shall bear interest from the dare iher<of unul p~~d at the +are oi ~ t' R~~~e prr centurn per an~~m and ro~e~her x~th svch interfs~ shalt be sewred by the lien oi this mortgage. To permit, tommit or suffer no waste, impairment o~ deter~oration of sa~d p~operty or any parl thereof. 5. To pay all and singufa~ the costs, charges a~d expenses, including a reasonable attwney's fee and costs of abstracrs of title, incurred or pa~d at any time by said MORTGAGEE, be<ause o~ i~ the event of thp failure on the part of the said MORTGAGOR ro duly, prornpNy and lu~~y pe.for~n, d~x~arge _.ecute, effed, canptete, comply w~ih and ab.de by each and every the stipuianons, agreemeMS, conditions, and covenanrs of sa~d prom~ssory note a~:o ih~s ~iortgage any or ei~her, and sa~d tosts, charges and expenses, each and eve~y, shall be immed~ately dve ar,d payab:e; whe~her or no~ ~hare be ~o~~ce d~ mand, attemp/ to collett or suii pend~ng; and the ful! amount oi each and every such paymenl shall 6ear interes~ from N~e da~e the~eof until pa~d at the o~ ~une per c~•ntum p~r an~;~m; one~ all said cos~s, charges and rxprnsea incurred or paid, together w~th such interest, sha11 be sewr~d by the Gao of th,s morrgage. 6. That (a) in ti~ evenf oi any breach of this Mortgage or defau~e on ~he part af ihe MORTGAGOR, or ~b) in the event any ot sa d svms of money her~i~ referred ~o be not promptly and fully paid within th~r~y (30) dayt ~ea~ after Ihe same se~eral!y betome due and payable, witt,out dema:,d or not:ce. or (c) in the event eath and every the stipu:ations, agreemants, cond~:ions and covenants of sa.d promissory r.ote and th~s mortgage a~y or e~tber are no1 ~u;y, promptly and I~Ity performed, d.schargzd, executed, effeded, co+npleted, comp?ied wiih and ab~ded 5y, then in e~~her or any i~ch event ~he sa~d ag ~re~~ate sum mentioned in said promnso~y note then remaining unpaid, with intere,t actrued, and ail moneys secured hereby, sha(I become d:,e and par- ao e fo~th~nith, or tfwreafter, at the cp!~on of said MORIGAGFE, as fully and comp!etely as if all of ~he sa~d s~ms of money were or~g~~~a:ly snp~,aTed ro be paid on such dEy, anything in sa.d pran~ssory ~ote or in this Mortgage to Ihe conrrary notwi~hstand~ng; ard ihe~eupon or thereahe~ at the opt~or o( s,:d MORTGAGEE, without nonce or dema~d, suit at law or in equ~ty, ~herefu~e or thereatrer begvn, may be prosecured as ~t a!! monrys sewred hereby n.d mstuted prior !o ~ts instituhon. 7. That in the event ~hat at the beginn~ng oi or at any time pend~ng any su~t upon this Mor~gage, o+ to faeclose it, or to refwm it, or to enforce ;~timent of any daims he~e~nder, said IdORTGAGEE shall apply to ~he Gour~ hav~ng ~ur~sd~ction ihereof tw the appo~ntment of a Receiver, such Cu~rt sball r.; ±hwifh appoint a rece~ver of said mo~tgaged prop.:rty a;l and sing~lar, in;tud~ng atl and singvlar ~he ir.come, prol~ts, issues ar.d revenues from whatever s,.,rce derived, each and every of wh:ch, it being expressty unde~stood, ;s F.ercby mo:~gaged as if spealically set iorth a~d described i~ the granting and i~ jbendum clauses hereof, and such Receiver shall ha~e atl the br„ad acd eff~c~rve funcr.cns and poxers in anyvv~se entr~sted by a Court to a Receiver, and s. ch appointment shali b~ made by svch Cov~t as an admitted eq~ity and a mai~er of absotute r.~M to said MORTGA~EE, and wifhout reference to the edeyvaty or inadeq~acy of the value of the property morrgaged or to the so~vency or ~n;uiverxy of said MORTGAGOR or the defendonrs, and that such •_•>fs, proFits, income. +ssues and revenues shail be appGed by such Rece~ver accord~ng to the Iien or equity of said MORTGAGEE and the practice of such Court. 8. To d~ly, promptly and fvlly perfo~m, d~scharQe, ezec~te, e+fect, complete, tompfy w~th and abide by each and every the sf~pulations, agreemenT~, _-~nditions and covenanrs m sa:d prom;ssory n~re 3isd th~s mortgage set forth_ 9. lhat in the event the owne~sh~p of the mortgaged premises, cr any part thereof, becorrr~s vested in a pe~son other than tF+e MORTGAGOR, the ' .'~RTGAGEE, its successors ar.d ass~gns, may, vi;~hout no~~ce to the N10RTGAOR, deal w~th suth successor or wccessar in fnteres~ wirh re(erence to this ~~~rgage and rhe debt he~eby secured in the same manner as witb Mongagor w~thout in any way vi~lating or d~xharg~ng the l~rt8agori liability here- _:der or upon the debt hereby sec~red. No sa.e of ihe Fremises hereby mortgaged ar.d no forbeara~ce on the part oi ~he ?~ORiGAGEE or its wccessors er assigns and no exsension oF the t~mz for +he payment of the de5~ hereby secured given by the MORIGAGEE or its wccessors or ass~gns, a~~all operate o re!ease, d~scharge, modify change or atfect the orig~nai liabuny of the MORiGAGOR herein, either in whole or in part. 10. It is spec~fi:ally agreed that time is of the essence of this contract and that no waiver of any obl~ga~~on hereunder or of the obligation se~ c~red hereby sha~~ at any ti~e thereafter be heid to be a waiver of the terms hereof or oi the instrumeot secured herby_ 11. In a i3 tica lo the forege ng m:_nth'y paym~nts of pri^c pat and in~eres• requ~red by the p~om ssery no!e secu.ed h<r26;, mo: r~agor covenants i agr_es to pey to mo-tgagee •~~tt~ each rr.on!h?y pay- ent an add,~iona! wm es~~~, ared by moctgagee to be equal to 1, 12 of tl;e on~~~al ccst of the fotiow- A-All real properry taxas lev~~w o+ assess_d ay+~~~s' ti~e aF:ove descri5. d r~al es:ate. B-Prem ~:ns on hre ar.d ~v~ndsto•m inswac~e as he~c;n ~r~q~:red to be carr~ed on the ~marovzments s~tuate on the above dssc~~bed premises_ C-Pre:*iurna on wch rr.ortg;ge guaranty inwra~.~e as me~tgagre sha~~ frev, t me to time deem fit ta carry on the loan secured hereby. Mortgagee sha~l frcm hme to ti ne nor~4y morrgagor in wnt~ng of the amo:,~t due and payable hereunder and such sum shali thereupon be d~e and .~bte on the d~e dare of ~he next monthiy payment and each wccessive month thereafr~r ur.tit mortqagee sha!1 not~fy mortgagor. of a change in such ~~nt, Such w~*s sha.i be ap~:!ied by mcrtga~ee tos:ard tne F:ayment of reat proF;eny taxes, ins~rance prem.ums, and mortgage g~aranty insurance : ~'r~nium5. iN VlITP,tE55 : ER~Of; the said MORIGAGOR has he~eunro ser his hand and seal the day and ear first atwesaid. j ' Signed, $e ~d nd delive in 1 e of: ' j ~ ~ ~ ' L ~ Sean ~ ~ ~ ~ ~i Anthon J. i lio ` , si) . ) ~ - Mar M, i liot i ~ ~~a~~ ; SiAiE,oF IYe ~e r ~ ~ `~T t1~. p~ ~ Y i ~ ss. 7 . ` ~cre"me~pei3gnally appeared _ Allt}lOily J. GlgllOttl ` and ~ a~ ti~` r: Mdl S/ M. Gig 1 iot t i his wife, to me well known and kno+~n to me to be ~ ~ha' individu Is deslCr ~n and who executed the for oi instrument and a now ed ed fore me that the e~cec~ted the sarne for the r ses -y.~ ~ e9 ^9 ~ ~ 9 ~ Y P~ Po ' «A:~+n'ax ~d: Mary ~?f. Gigl iott i F p~ ` ~/{T'~ the sa9d_ , ~ _ ,N;(e ~.~,Zeid •t~ Anthony .1. Gigliotti upon a separate and private 9k~ mj~ar~oh by me ~i~gn separate and apart frorn her sa~d husband, atknowledged to and before me that she executed said instrument free'ry and votun- }v~~rawd.rr:ti~~ui~dnY compu?sion, constraint, appreherss:on~or fear of or her said husband. ~ ~ / ~~Tl~,q~y hand and off~c~al seal this_. ~S _ day OCtOb@ A p 19 73 ~ .~-~---s~ \ Notary Public ' ~ }y~~,. Return To: My Comm~ssion expires: First Federal Savings 6 Loan Associat:on • ' :-:1 Of Fo~t P erce. ' i Fort P;erce. Florda i _ 'l, 1 •37•l This Instrument Prepared By J. H. Rob er ts , Jr . F~~~ R~~~ Y.ECJRaEO First federal Savings & Loan Association sj_~,L„•Z I~ of Fort Pierce, Florida R~;~. =-:~T~S \~F J~ F CtEFA f ~ ,:~t' ~4i~AT ~ Checked By ~ ~ qf~~~~ Yt~' "1£b...~~+~ a~?~~~.9 ~c~~~~ 18 3 3a PM'73 Oc~ 266418 l ~ : . ~ "