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HomeMy WebLinkAbout2588 3. To ptace and coMinvo~s~y keap on the bu~:d~ngs now a hereafre~ ~it~ete on said land and on all rqo;p,r,ent and personally coveird by ~his mo~tg• aye, w;ih all prem;vms thrrecx~ pa~d ~n full, f:re msurn~+ce in the usuat srandard poi~cy form, in a~um aNpro~ed by ihe MOR~G:.GEE, ond windsto~m ~nsurance in ~he usua) ~~andard poLcy lo~~n, in a sum approved by the MURTGAGEE, in s~ch canpany or compan~es as ehe MORTGAGEE may d~reU; ~nd ali tire and w~ndstorm iniwance po:~ues oo any of sa~d bu~~d~ngs, ~oy interest therein or pa.~ ~hereof, (n the aggr~~g~~e s~m aforesa~d or in eacess Ihercof, shall cOnt~in the usual standard mor~gagee dause or such o~h~r dause as the Moilgagee may requ,re, maAing tha lou u~~der sa~d poti- c~es, each and every, payab~e ro said A~JRTGRGEE ai ~~s fn~erest may appear, atx! each and every such F;o~~cy ihall Ix promp+ly ass gned a~~d dri~ver~~d io any held by said MORfGAGEE as (wther setu~ity to said mortgage debt, and, not less ~hae ten (10) days in advance oi ~he exphalion Of each po~~ty, lo de• Gver 10 said MORTGAGEE a renewal ~hereof, togethe~ wiih a rece~pt fo~ ~he prem~~m of such re~~eMal; ac~d ~hrre shall be no f,~e c~ w.»dsto;~n ios~rance placed on •ny of said bvild~ngs, any inteiest therein or parf thereoF, unlrss in the form and wnh Ihe Iw~ payab~e as aforesaid; and in tFx eveM any s~m of money betomes payabl~ under s~ch policy w poLcies as~d MORTGAGEE ahail have the optton to receive a~d apply the sa~ne on accoun~ of the indebted• ness sewred hereby o? to permit said MORTGAGORS to recrive and use it or rny part thr:i•of tor e:nrr pu~r osrs, ..,tn•~,.t th c~ • p.,~r- ing any equ~ty, Iien w rigM under w Ly v~rtue of thia mor'gage; and in the evrnt sa,d MORTGAGORS shatl fcr any reason fail to k~•ep the aa~d pre~n~s: s so ~n~ured, or fail to detiver prw.ipfly any of said pol;ues of insurance to sa~d MpRTGAGEE, cr fo;i pror:ptiy ro pay tu~ly any prr~~i~~m th~refor o~ in a~y iespect lail to perio~m, discha~ge, execute, effeU, compleir, comply wiih aixl ab~de by this covenent, a any part h:reoS, sa~d 1di~R7GAGEE may p:ace a~•o pay fw such iniurance or any pa~t thereof without waiving or affecting any option, lieo, eqwty, or ri3ht under or by v~~TUe oi ~h~s dtarrgage, and thE full amount of eath and every such payment snall bc immetliately due and pey~ble and shall 6ear iroeres~ from the data thercof unril Naid at the rate ot rnne per centum per annum and to~rthrr with such imerrit shal~ t~e srcured 6y Ihe {ien o( this mo~tgage. 1. To permit, comm~t or suffer no wasta, impairment or deter~oration of said property w any part thercwf. 5. To pay all and singular the costs, charges and expenses, inciud~ng a~easonabte attwney's fee and costs of absrracts of tir!e, incurred or pa,d at any time by said MORIGAG.f, beca~se or in the eve»t of the fail~re on Ihe pan of ~he said MOkTGAGOR to duly, pra»ptly and fu~~y perform, d~scharge. ~xecute, eifect, complete, comply w~th and ab:de by each and every ~he stipulat~ons, agreements, conditions, a~d covenanrs oi seid pro:nissory note and this ~,ortgage any w ei~her, and sa~d tosts, charges and expenses, each and every, shaN be immediately due and payable; whether or not there be nonce d~ mand, attempt to colled w suit pending; and the full amouM of each and e~rry such paymeM shall bear intrres~ from the date thereof un~il paid at the r.,re of nine per centurn per annu~r, an~+ all said costs, charges and expe~~ses inc~rred or paid, toyether w~th such interest, shatl be secwed by the Len of th~s morfgage. b. That (a) in the event of any breach of thia hlortgage or default on IM part o( the MORTGAGOR, or (b} the eve~t any of sald sums of money herein relerred to be not promptly and fully paid within th~rty (301 days next after ihe aame severa:ly become d~e and payabtr, witt~out de~nand or no~ice. or ~c) in the event rach and every the stipuJations, agreements, cond;t;ons and covenants of sa.d promissory note and ih;s mortgage a~y or e~iher are nm a~ly, promptly and fully perfo-med, d;scharged, ezecuted, effected, completed, compi;ed w~th and ab~ded Sy, then in e~~her or any su,h event the sa,d ag~ gregate sum mentioned in sa+d promissory note then rema~nmg unpaid, with interest au~urJ, a~rd a.1 menays secured hete~y, shaq b¢cnme due and pay - ab'.e forthwith, or therea`.ter, at the opt~on of sa:d MORTGAGEE, as fuily aod completely as if all of the said sums of money were or~g~rwlly st~pu7aied to be pa~d on such day, a~ything in sid pro:~~:awy note or in this Mortgage to the con~rary notwi~hstanding; and ~hereupon or thereafrer at the opt~on of sa~d AtORTGAGEE, w~thou! not~ce or demand, suif at Inw or in equ~ty, inerefore or ii~ereaiter ba~~~, ray !-.e p:~setwe~ as if a!I rr±oneys sr.c~red hereby n~d matured pnot to its institution. 7. That in the eve~i that at the beg~n~ing oi pr at any time pe~dinq any suit upon this Mortgage, w to fwttt~K it, or to reform it, or to enforce payment of any claims he.eunder, said MORT(',AGFE sha!! apply 1o the Co~rt having jur.sdict~on the~cof for the appo~ntmem of a Receive~, such Court shall forthwith appo~nt a receiver of said mortgaged property all and singular, includ~ng all and si~gular the income, prof~t~, issues and re~enves from whatever z: ~rce drrived, each and every of wh!ch, ~t be+ng express!y undersiood, ~s hereby mortgaged as if apeufica3ly set for~h and describesi in the granting and h abendum c!auses hereof, and such Receive~ shai{ have aiI the broad and eff~tive funU:ons and powers in anyw~se entrusted by a Cou~t to a Receiver, and s_~h appoi~tment shall be made by such Court as an adm~ftrd rqu~~y and a matter of absoiute right to saLd RAORTGAGEf, and w~nc~ur reference to the adequacy or inadequacy of the vaiue of the Froperty mortgaged or to the so.venty or msolven4Y oi said MORiGAGOR or the defende~~ts, and th~t wch re~rs, profits, income, issues arid revenues shall be appiied by such Receiver 'accorciing to the tien o1"equity of said MORiGAGEE and the practice of such Court. 8. To duly, promptty and fuily pe•Form, d~scharge, exec~te, effect, complete, compl~ with and abide by each and every the stipulations, agreemems, i ccnditions and covenanrs in sa~d promissory note and thls mortgage set forth. - 9. ihat in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a perwn other than the MORIGAGOR, the :':,`RTGAGEE, its successors and ass~gns, may, without notice to the M.ORTGAOR, deal weth such successor or s~ccessor in interest with referen~e to this r o~tgage and the deot hereby secured in the same manner as w~ih Mortgago. without in any way vit;ating or d~xharging the 1Jlorty3gors' liabitify here- u~~der or upon the debr hereby sec~rc~el. No sa!e of tt~e prem:se: hzreby mortaaged ar.d no forbeara~ce on the part of rhe ~~RORiGAGEE or its se~ccessors cr assigns and no earension of the r;me for the payment of the debt hereby securzd given by the MORTGAGEE or its successors or ass~gns, ahall operate ro re~ease, d:aclwrge, mod~fy change or af}cct thc crig~nal liab:lny of the MORTGA(',OR here;n, e~ther in who3e or in part. 10. It is spec~ficalty agreed that time is of the essence of this contraU an~ ~hat no waiver of any obf~gat~on hereunder or oi the obligation se- cured hereby shal+ at any time :hereairer be he!d to be a waiver of fhe terms he~eof or of the instrumem secured herby. 11. In add.r;o~ to the for<go nc~ monthiy payments of prir,~ pal and interest required by the prom.lsscry no+e s^cured hereby, me:tge~or covenants d agr~es to pay to mort~jgee +nith each mOnt~liy F3yrr.Qnt an add~rional sum est n~,ated by mortgagee to be equai to 1. 12 of the annvai cost of the fo!iow- ~.3 A-~llt real properry taxas Ie•.ie~ or assessed dgai~st ine abore descri~cd real esrate. B-P~crr,~ums on f~re and wir.dstorn~ ~ns~rar~e as here~n requ;red f0 be carr~ad on ~he ;mproveme:~!s s;tvare on thc above desvibed pren,ises. C-Prem~ums on such mortg;ge guaranty ~nsureo.e as mo~tgagee sha~~ frem t me ro t~me de.!m fit to tarry on the loan secured hereby. ~Aortgaqee sha:l from ti.ne to Gr~e not;fy mortgago• ~n wnting of the amou~t due and payable hereundrr and such s~~, shall thrrevpon be due and .-.able on tht riue date oi ~he next month:y payment and each successive monfh tkereaf~er ur:til mortgagee shafl not~fy morrgagor of a change in such . e~nt. Such sums sha.i be applied by mortgagze toward the paymznt of rea! property !axes, insurance prem:ums, a,id morlgage guaranty insurance .~•ernf~ms. IN Y~ITP,IESS `."1N:RcOF, the said MORTGAGOR has hereur,to set his hand and seal the day and year first atoresaid. , jF~ ~ rSigen~ed, Sealed and d~ ~n the resenIce,of: ~`~~.,5 l~C- 1~7~.~~-~-V e~T-~` ` 1~~~ (Stat) ~ itness Fr k Jose h Ri aldo ~~a~~ ~ ' ~ (Sea7 , Witness Dlane M. Riva do ~~a,~ , S7ATE OF FLORIDA S t . Luc ie C~U'JTY Of ~ Before me personally aopeared r' Yank JOS~h R 1V81d O and ~ Diane M. R1ValC10 his wife, to me well known and known to me to be rhe individuals described in and who executed the foregoing instrume~t, and acknowiedged before me that they exetuted the same fw the purposes r~,erein exprcssed_ And th.:a~d_ Diane M. R~VB~Lf~O ~ r~+{e of the ,a~a , _ Frank Joseph R~VAZCjO upon a separate and private e,aminat~on by me taken separate and apart (rom her said husband, atknowledged to and belwe me that she exx~ted said instrument freely and volun- ra~~ly and w~thout any computsion, constraint, appr s~ n~ fear of or from her said husband. WITlYES$ my hand ar.d official seal this_ d~y of^~~ November A~ D. 19 ' / i i ' ~ ~ ! i1LE~ Ei : Jit,~Q ~~~~...z` ~~7]~ .t ~ :,C-~ i ~ iT 4~~~F ,',!,~lJl1TY ~L~ Notary Pub!ic in a~d for ihe State of Fbrida at large RG~'-. r'~'' "Ri~ My Comm~ssion expires: Rerum io: ~ ; ~ , M(JRt ~_E.. First Federal Savings E loan Assxiat:on Q~~.fp- ',L .Of Fort P.erce. Fo~t Pierce, Fiorida uA,, 'ij ~O ~M ~73 MQjA(tY PqBtIC. STATE ot f10R1DA at LAR6~ F IN~ ~ ~ yY COMhlISSlOii ExFIP.ES_JAN. 7. 19~! `~l1 60i~iN By Amx~i:az ii,,;Kf~C ~{c~NauG G~ '~+r.y , ~ r : This Instrument Prepared By Gaty R. Ell~?aod • ` t f. First Federal Savings 8 Loa~ Association y~ p R Y,- of Fort Pier~e ~ Florida . ~v " 26834'7 = : - ~.4 : : - - Checked 8y : ~ , , ~ ~ - V~^. ts ~ Sb ~ R 220 2 ~ 600K PACE 5~4 • ' . • . , •~~,j ; .