The URL can be used to link to this page

Home My WebLink About2881 s S i 3. To place and co~r~nuously keep on the bu;tdh:gs now or hereaRsr si+uat~ on sa~d land and on a!1 cqu~pm~nt and personslly covered by thi~ mut~g• , wilh all premiums ~hereon pa~d in iull, fire ir.surance in the usval sta~dard poticy form, in a tum appro~ed by thd MOR~GAGEE, and winc~uorm ini~rance in Ih~ usual ~tandard pol~cy (o~m, in s sum approved by ths MOR)GAGEE, in sucb company or compan~es as the MORiGAGEE may dirett; and all firs and windsrorm insurance poticins o~ any of iaid build~ngs, any inte~est therein or part thereof, in thr aggregate sum afaesa~d w exceu thercof, shall contain ~he usuat standard matgagee cla~se w such otFK~ c~avss es tM Mortgagee may reqv~re, makinp the lass v~der sa~d poli- c~es, each and every, payaNle ~o said MORiGAGEE as ita in~erest may appear, and each and eve~y such po6q ahall be promp~~y ass g~ed and delivered to any {xld by sa~d MORTGAGEE as further aecu~ity to uid n.o~tgage debi, and, not leas ~han ten (10) days i~ advance of the exp~rstion of each polity, to da liver to said MORTGAGEE a renewal ~hereof, roge~her w~rA a rece~pt fw ti~e premivm of such reneo.al; a~d there shall be no i~re or wi~~dstor~n inturance p~aced oo any of said buildings, any i~te?est the~e~n w part thereof, unless in the form and w~~i~ the losa payable aa afaesaid; a~d in the event any sum of money becomes payable under such policy u polic;es said MORTGAGEE shail have ~he oprion ro receive and apply the same on ~ccovnt of ~he indrbtad- ness secured hereby oa to permit said MORTGAGORS to reteive and uss it or any part ~hereof tor o;hcr purE,cies, .v~iM.,t ih_nu~ r,a~wi.,~ or ,~,~p,,~r- ~~g any equ~ty, I~e~ w right u~dcv a by virtve of this mo~!gage; ~nd in the even? sa~d MORTGAGORS sha~l fw sny reason fail to kcep the sa~d prem;s~•s so inaured, w fait to del~ver p~omptly ~ny of said policie~ o! insurance fo sa~d MORTGAGEE, or fa~l promptly to pay tully any pre~~~ium Iherefor or in a~y respec~ lail to perfam, d~scharge, ezecute, effect, complete, comply wi~h aod abide by this coven~nt, or any part hereof, said MORTGAGEE may piace and pay fo~ such insurante or any part thereo/ without waiving o~ aflettiny any option, lien, equ'rty, o? ~ight unde? w by virtue of this Mwtgage, and tht fuU amouro oi each and every such paymeM shall be immediately due and payable and shall bear interes~ from tha date thercof uniil pa~d at the rate ol nine per centum per annuin and to~etlkr with such inte~c~st sha~l be secured by the lien of this mortgage. 4. To permit, commit o~ suffer no waste, impairment w deterioration of sa~d property or a~y pari tAereof. 5. to pay ail and singular the costs, charges and expenses, incluciing a ieasonabte atlwney's iee and costs of abstrads of title, incurred or paid at = any time by wid MORTGAG;E, because w in the event of the failure on the part of ~he said MORTGAGOR to duly, pranptly and futly perform, d~scharge. execute, etfect, comp?rte, compty with and ab;de by each and every the stipular~ons, ag~eements, condifions, and covenanrs of sa~d prom~ssory note and ~his norrgage any or e~rher, ar~d sa~d cosrs, cha~ges and expenses, each and every, sha~l be immed~ate~y due and payab~e; whether w not ~here be nor~ce de ~ mand, attempt to collHt w suit prnd~ng; and the full amounf of each and every such payment shall bear interest from 1he date thereof untit paid at 1he ~ r~re of nine per cenwm per annum; ar~d alt said costs, charges and expenses incwred o? paid, togethe~ w+th such interest, shall be setured by 1he iien of th~s mortgage. 6. That (e) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, q(b) in the event a~y oi sa:d svms of money herein referred to be ~ot promptly and fully paid within thi~ty (30) days next aiter the same severafly become due and payable, without demand w notice, or (c) in the event each and every the stipula~~ons, agreements, cond~tions and covenan:s of sa~d p~omiuory note and th~s mortgage any or e~~her are ~ot ~vly, promptly and fuily periormed, d,scharged, exccuted, effected, tompleted, com~~~ed with and abided 5y, then in e~ther or a~y ~uch event 1he said ag ~regate sum mentioned in said promissory note then remaining unpaid, with interest accrued, and a~l mo~eys secured hereby, ahal! become dve and pay- ab~e forthwith, or thereafter, at Ihe option of said MORTGAGEE, as fully and completely aa if all of the said sums of money wtre originaily~ stipu;ated to be pa:d on such day, anything in sa:d promifsory note or in this Mortgage to the com~ary norxithstand~ng; and thereupon or theiealter at the opt~on of sa~d MORTGAGEE, without not~ce or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby hed matu~ed pno~ to ~b instituteon. 7_ ihat in the event ~hat at the beginn~ng of or at any time pending any su~t upon this Mortgage, or fo foreclose it, or to referm it, or fo enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having j~risd:U~on thereof for the appo~ntmem of a Reteieer, such Court shall Fonhwith appoint a receiver of said mortgaged prpperty all and singu!ar, inciud~ng a11 and singular the income, prof~ts, issues and revenues from whatever sou.ce derived, eath and every of wh;ch, it be;ny expressly unde~stood, is hereby morfgaged as if speuficaily set forth a~d desuibed in the granting ar.~ h36endum clauses hereof, and such Recei~er shall have alt the broad and effective funct,ons and powers in anyw~se entrusted by a Court to a Receiver, a~d ch appointment shalt be made by such Court as an admitted equiry and a marte~ of absolu~e righf to said MORTGAGEE, and without reference to the adequacy or inadequacy of the vatue of the p+operty mwtgaged or to the soivency or inso:vency ot said MORtGAGOR or the defendants, and that such re~fs, profits, incorne, issues and revenues shall be applied by such Receiver according to the lien or equity of said MORiGAGff end fhe practice of such Covrf. 8. To duty, promptly and fulfy perform, discharge, execute, eifecl, complete, canply with a~d abide by eath and every tlx stipulations, agreements, :onditions artd covenants ~n said promissory ~ote end this mortgaqe set forlh. 9. That in the event the ownership ot the mortgaged premises, w any part thereof, becomes vestcd in e per~e other than rhe MORTGAGpR, the ,ti10RTGAGEf, its successors and aulgns, may, without r.ot]ce to the MORTGAOR, deal with such suctessw w successor in interest with referer.ce to this mortgage and the debt hereby secured in the same manner as with Mongagor wi~hout in sny way vit:ating pr d~xharging the Mortgagors' tiability herr under or ~pon tFe debt hereby sec~rred. No sate of rhe premises hereby moitgaged and no forbearance on the part oi the MORTGAGEE or its successors or assigns and no exte~sion of :he t~me for the payment of the debt h~reby secured given by the MORiGAGEE or its auccessors w ass;gns, a1~aI1 operate ro release, d~scharge, modify thange or affect ttie original liab:lity of the MORiGAGOR herein, either in wholt or in part. 1Q. It is spec~ficalty agreed that time is of the esxnce of this ca~tract and that no waivet of any obl;gat;on hereunder or of the ob(~gaYwn se- cured hereby sha<< at any time thereafter be he:d to be a waiver of the lerms hereof or of the instrument secured herby. I1. In aod~tion to rhe fwe~o~ng mo~th!y payments of prirc'pal and interest requ~red by the prom~ssory no!e secured hereby, mortgagar covenants and agrees to pay to mo:tgagee with each month~y payr~:ent an add~ricnal sum estimated by mortgagee ~o be equal to 1 j 12 of the annuaf cost of tFe follow- ~eq: A-AI! real property taxzs lev~ed or assessed agai~st the aoove desc.ibed real estate. ~ B-Premiums on fire and windstorm ~nwrarce as here~n requ~red to be carried on the improvements situate on the above described premises. C-Premiums on such mortgage guaranty insurar,ce as mortgagee sha{I from t~me to time deem fit to carry on the )oan secwed hereby. Mortgagee shait f.cm time ro t~me notify mo.igagor fn wrir~ng of the aa:ovnt due and p~yab~e hereunder and wch sum shall thereupon be due and : ayable on the d~e oafe oi ~he next n~onth:y paymen: an~ each successive month thereafter ur.~il mor a ee shall notify mortgagor of a chaoge in such .^cunt. Such sums s~a,l be applied by mengagee toward rthe payment of real property taxes, insur ce prem;ums, and morfgage guaranty insurance . p~emiums. ' , IN WITNESS ~"1HEREOf, fhe said MORTGAGOR has hereunto set his hand and seal the day a~d ye r first atoresai . Signed, Sealed and deiivered in the presence of: f1LEd ANfi ~ECagoEo ET. L~1"vtE CJUNTI' F~A. ~ a!) t~itness E RO~~ -':i~R4S ,j (~a~ CLE?~. ~ :~cU~T COUR ~ 1 ~ ~ pr~rc. ir'~ =rF, ~ ` t ;~'itness c line B. Arata ~~a~~ ' S I~ $ ~ 5 i ATf Of FLOR{D~1 /'~Q r 1~'_ZV ~ f ..OUNTY OF.~`' z-~y~ ! se~on,.,. ~~y ~~`;9d _ ~ 6eorae F. Arata, Jr. and ~ _ . E ' ~ ; Jacqueline B. Arata his wife, to me well known and krwwn to me to be ~he ~nd~~~duab t3~Su+~ed 1n ~nd wbb executed the foregoing instrumcnt, and atknowledged before me that they executed the same for the purposes ' rhereirc ekpres~ a3a ~~a+~;; Jae~ueline B. Arata ! - Geor e F. Arata Jr. : r,ife of 1Fye sa~d-" ~ ° ~ g ~ upon a separate and private i examinafion !ty t~ie•taken ~e/ia~eie~~nd apa~t from her said husband, atknowtedged ~o and before me that she executed said instrument lree~y and volvrr tari;y an6.wtfhout sriy.opir~RF~p~3`' cortstraint, apprehens~on, or fear of w from her said hus nd. v ' Fe~ruary 7'4 WIiN2~ h~y_hpn~a~;~ffitial sea~ this ~ y day of_ ' A. D. 19 ' ~ , ~ ~ ) ~ ~ ~~~~1" / .~-t.a~.r - i Notary Public in and for the State of Ftorida at large My Commission expires: Retum To: . ° r.., ~ . . ;A AY ~ First Federal Savings b loan Associat;on ~t, Of For1 P.e:ce. Z, . _ _ :,.r.i,:.~E :::.~:r.~:r"- - Fert Pierce, ~terida This Instrument Prepared By Gat y F. Ell~rood First Federal Savings & Loan Association } of Fort Pierce , F lor ida . 's _ . ~ Checked By ~ sb ; ~:~:i ~t~ r~-:~~~~. t