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HomeMy WebLinkAbout0438 • 3. To place and co~tinuousiy keep on the bu~'d~ngs now w hereaher siwate on sa~d Iand arxf on afl equipmrnt and personally covered by ~hls mong- ege, wiih ail premiumi ~hereon pa:d in f~ll, fue i~~s~rence m ihe ~suaf srandard poGCy form, io a surn app~ovcd by t~e h10R~tiAGEE, and .v~nds+am insurante in the usual standard po~:ty form, in a sum approved by ehe MORiGAGEE, in such tanpany o~ to~npan~es es ~he MORTGAGEE may dirett; ~nd all fi~e and w~rxlstorm irtsurance policirs on any oF said bu~~J~~s, any in~erest theroin or part thereof, in the agg~egate wm aforesaid or In exces~ thereoi, ahall ca~~ain tna usual standard mo~tgagee ciause or such o~her cl~use as the Mortgagae mey requ:ro, rnaklny the toss unJrr s.~~d poli- ues, each end every, payable to said MORTGAGEE as ~~s in~rres~ may appea~, and each and evcry iuth poi~cy shall be promprly ass g~xd a~~d det~Y.:rrd to any held by wid MORIGAGEE a~ funher srtwity to sa~d mor~gage debt, and, not less tha~ ten (101 days in adva~ue of the exp~~at~on of each pol~cy, to dr liver to said MORTGAGEE a renewal the~eol, together with a receipt for the premium of such renewal; and ~here sha'1 be ~+o f~re or wi~~dstor,n ir.surance plated on a~y of said buildings, sny in~e~est thcrcin or part the~eof, unless in ~he form and with the loss paYable as afo~esaid; and in ~he eve~t any tum of money becanes payable under such policy a po~~cies said MORiGAGEE shall have ~he op~~oo ~o rec:~ve and apply the same on ac.oum of ~~e indabted- : ness secured hereby or to permit said MORTGAGORS to receive and use it a any part the~eof for otner ~WEOS(S. \Ydf~OJl th_nu~ w~w~n~ o~ ~~+~po~~• F ing any equ~ty, lien or ~~ght u~dar a by virtue of ~his mo:tgage; and in the evem ta~d MORTGAGORS shatl fa any reaw~ 1ail to krep ~he sa~d prem~i:s so ' insured, or fail to deliver promptly any of said policies of insutance to said MORTGAGEE, o~ fail promptly to psy f~lly any pre~nium therefor or i~ any respect tail ro pe~[am, discharge, execute, effecf, complete, comply wi~h and ablde by th~s cove~ant, a sny par~ hereot, sa~d MORSGAGEE may plsce a~o pay fw such inwrance o~ any part thereof wi~hout waiving or affectiog any optian, Gen, equity, or right unde? or by virtue oi ~h~s Martgage, and ihe full amouro of each and every such paymenl shall be ;mmediatety due and payabte snd shall brar interest f~om ~he date t~:arcoi uniil pa~d at the rate ol nine per centum per annum and to~ether with wch interest shail be secured by the lien ol this mwtgage. 1. To permil, tommit w sufFer no waste, impairrnent or deterioration of said property or any part thereaf. 5. To pay atl and singular the costs, charges and expenses, including a reasonable attor~ey i fee and costs of absf.acu o( title, incurred or pa~d at any time by said MORIGAGEE, because or in the event of the tailure on tix part of ~he said MORTGAGOR to duty, promptly and fuUy perform, d~scharge. execute, effecl, comD{ete, comply wuh and at;~de by each and avery the stipulat~ons, agreemeots, conditior.s, and cove~aNS oi sa~d p:omissory ~ote and thie i mo~tgage any or ei~her, and sa:d cosrs, charges and expenses, each and every, aF.all be immeuiately due and payabte; wheiher or not ehere br ~~orice d~ r mand, attempt to collect or suit pend~ng; and ~he full amount of eath s~d e~ery such payment shall bea~ interest from Ihe date thereof until paid at thr ~ ra~e oi nine per cenium per a~iu~m; and ail sa6d cosrs, chargrs and expenses incurred w pa~d, together w~th suth interest, shall be. secured by the I~en of th~~ mortgage. 6. That (a) in the event of any 6reach of this Mortgage or default on the part of the h10RTGAGOR, or (b) in the event any of sa:d sums of moneY herein referred to be not promptly and fully paid within thlrty (30) days next a!tar the samc severa!ly become due and payab!e, without demand a nouce. or (c) in the event each and every Ihe stipulations, agreements, conditions a~ covenanta of sa:d p+omissory nou a~~d th~s mo~tgage any w either are not iuty, promptly and fully performed, d:scharged, executed, effected, completed, compfied witl~ and abided by, then in e~ther or any such event the sa~d ag gregate sum mentioned in said promissory nore then remaining unpaid, with interes? accrued, and all moneys secured hereby, shalf become due and pay- abte forthwith, w therealter, af the opt~on of saed MORTGAGEE, as futly and compietely as if all oF thP se~d sums of money were onginally st~pv~ated to be pa~d on such doy, anythiog in sa:d prom~sswy note or in this Mortgage to the contrary notwi~hstanding; and thereupon or thereaftcv at the opt~on of sa;d MORTGAGEE, without nof~ce w demand, suit at law a in equity, therefo?e or thereaiter begu~, may be p~osecuted as if all moneys secured F~ereby had matured prior to its institut~on. 7. That in the evenl that at the beginning of w at any time pending any suit upon lhis Mortgage, or to fweclose it, or to refwm it, or to e~fo?ce payment of any clairr.s hereu~der, said MORTGACaEE shalf apply to the Cou~t having jurisdiction thereof fw the appointment of a Rece~ver, such Court shall forthwirh apprint a receiver of said mortgaged property all and singular, includ~ng ali and singular the income, prof~ts, issues and revenuea from whatever seurce derived, each and every of which, it being express~y understood, is hereby mortgaged as if specifically set forth and described in the granting and habendum clauses hereof, and such Receiver shali have a!1 the broad and effective funct~ons and powers in anywise entrusted by a Court to a Recriver, and s~ch appointment shall be made by such Court as an admitted equity a~d a mat~er of absolute right to said MORiGAGEE, a~d witt~out reference to the adeq~acy a inadequacy of the vatue of the property mortgaged or to the so:vency or insolvency of said MORSGAGOR or ihe defenaants, and that such rems, profits, intome, issues and revenues shall be app{ied by such Receiver accord~ng lo the lien or equity of said MORTGAGEE and the practice of such Court. 8_ To duly, promptly and fully perform, diuharge, execute, effect, complete, comply wilh and abide by each and every the stipulations, agreements, conditions and covenams in said promissory no~e and this mortgrye set forth. 9. That in the event ~he ownership of the mortgaged prem~ses, or any part thereof, becomes vested in a peawn other than the MORiGAGOR, the ,ti•,ORTGAGEE, its successws and assigns, may, w~thout norice to the MORTGAOR, deal with such successor or successor ~n interest wi~h reference to this r•~ortgage and the debt hereby secured in the same manner as with hbrtgagor wnMut in any way vit[ating or d~xharging the Mortgagors' liability here- under or upon the debt hereby secured. No sale of the prernises hzreby mortgaged and no forbearance on the part of the MORTGAGEE or its successws or ass~gns and no eztenz~on of the time for the payment of the debt hereby sec~red given by the MORiGAGEE or its s~ccessors or au~gns, al~al! operate ro release, d~scha~~e, modify change or affecf the crig~nal I~abituy of the MORTGAGOR herein, either in whole or in parl. 10. It is speufically agreed that time ~s of the essence of this contract and that no waiver of any obl~gat~on hereunder or of the obligation x- cured hereby shatl at any time thereaEter be held to be a wa~ver of the terms hereof a of the instrument secured herby. 11. In aod•fien to the forego'n9 month!y paymenls of princ paI and imerest requ~red by the prom~ssory no!e secured heceby, mortgagor covenants ~ a~d aqrces ro pay to mo:tgagee w~th each monthiy payrnent an add~rional sum esti~.,ated by mortgagee to be eqval to 1!12 of the annual cost of the follow- i A-Atl rea! properry taxas le•.~ed or aszessed ag~i~st thc above described rcal es~ate. ` B prem~ums on f~re and wir.dsro:m insura~ce as herein requ~red to be carried on the ~mprovements s~tuate on th~ above descrlbed p~emises. C-Prem~ums on wch n:ort~age guaranty ~nsura.,ce es nio•tgagee shall from time to t6ne deem fit to wrry on the loan secured hereby. Mortgagee sna~l from t~me ro :in,e notify mortgagor in writ~og of the amovnt due and payable hereunder a~d such sum shail thereupon be due and j F.ayable on the ave date of rhe neat month:y pzyment and each successive month thereaiter ur,~il mortgagee shall not~fy mortgagor of a change in such ;^ount. Such sums sFa;! be appGed by mortgagee toward the payment of real property taxes, ir~svrance {xem:ums, and mortgage guaranty inswance i ' rremiums. i IN WITNESS 1'+HEREOF, the said MORTGAGOR has hereu~to set his hand and seal the day and year first a(orewid. e igne Sealed and de ' ed in the presence of: : °/1~I~~I~~i~~.C~~/1. ~ J ~Sea~ ~ ~'it ss ' i h r c ~ _ - csea~~ `g • " - tseaq e ~.~~1tD@5 _ ri=BriCa6 ~1. Crocro (~a~) s ~ ~ STATE OF FIORIDA . ~ COUNTY Of St. I..L1C1@ ~ 55. `,,~~~iHtfllJ//~Ii~~~, ~ Befwe me personally appeared ~irhnal A ('~~Cn y ~'~jnd ~ Frances M. CZOCCO his wife, to me well knov~i~~~1c+~wpto'+q~~fo~ - ~ the individuats described in aod who executed the fwegoing instrument, aid acknowledged before me that they executidVh1 sanq"ior th~~Lr~osg ~ rherein expressed. Md the said F*driCp~ M C'rnCCn T ~ ~ t ~ ~ Mic hael A. C rocc o = t' ,ar r~ - wife of the Said -y~b^~9~ ~d ~t ~ exam~nation by me taken separate and apart from her said husband, acknowledged to and before me that she executed safd~tryti~u~;~t re~and~ ~~d+~ ~ rarify and without any compulsion, constraint, appre si o r of or from her said husband. S'•~~•,~ Q~; ~v ~ ~ WITNE55 my hand and ofFic~al seal this- day of ~'••1C' Q9~ ~ ~ `,..s~`~ , ~ '~i ~C . ~a Notary Public in and (or the State of Florida d~a My Commission expires: '~3 Retum To: ~ Fint Federol Savings 8 loan Associat~on yOTARY FUEi1C. S?},TE ef RQRIDA at LARGE we . ~ t~'i. 7. 191I Of Fort P:erce. ' - r ' ; o ~ _~n t;.~ tirs I;s.:~nce ; Y Fort Pierce. F(ouda i~ . ~ ~ ftLEa ~N~ RECORGEG ST. LUCIE ~OUN1Y fLA. ~ This Instrument Prepared By Gaty F. Ellwood CLERK Cr:CU~TRC~URT - Firsi Federal Savings 8~ loan Association Rff.QRC VEfi'.il:'J~...~~.. of Fort Pierce , Fla . ~ ~ OEC 11 3 ya PM'73 Checked By ~ L~ ~ o~ ~ ~ BO x~~~ P~1;E 438 sb ~ ~ - = ~ } _ ~ ~ ~ - ~ ~ ~ . . m~. _ - *