HomeMy WebLinkAbout1350 To place and conhnvo~siy keep on r~e L~~'u ~.~s now or h<rrai~r~ ?:~.,a~e on ia.d lend and cn aL' ~~q..~~; ~,rnt antl perfond~~y COtir~rt~ by Ihii m0/tg•
~g~, w~th all p~tmwcns ~~rrcon No•d ui iu,l, f~re ~~~s.,~.,•~ce in ~hr ~sWi si.+nd.•rd po:~cy form, ~n a su:n a~.~,ru+rd br thr M:;It~v:.vsE, e~~d w~~:ds~wm
~nswance in the us~al s~a:+da~d po..cy fo~~n, in a w~•~ ~~:pror~d by rhe htJRTGAGEE, ~n s~ch compa~~y or co~»pan.es as ~~r t.".JkiGAGEE may
direct; and all fire ar.d ~r~ndetorm in~vian~e po~~c:~~s on any of sa~d bu~~d.ngs. a~y intrrea~ ~~ecein or part th~•~euf, in the a~g~cgele s.:~» aforosa~d or
in excess the~eof, shall cunrain the usual i~o~:da~d mo~~y~gee c~ause or s~ch o~hm r~+vs^ •s ihe Mo~tyayre rnay ~eq~.re, mal~ng the ~csa unJrr s~.d Fo~i-
c~es, each and rvery, p~yab!e ~o sa~d h~JRII;AGEE es ns ~n~~•~est may a~,pear, end each and e~ery such ~.:.:~cy al:ell t;r pio~~~~,Uy as~y~~cJ n~~d de.~.~r~d ~o
any hrld ~y sa~d A10RiGAGEE as (ur~her s_~curlry to sa:d :~wriy~ge d~•W, a~~d, not fess tha~ trn (l0) deys i:~ aJ•e:~ce of the e.;.~~at•on of roch pu~~cy. ~o dr-
Irver /o se~d MORTGAGEE a re~r:,nal th~rcof, toyNhti wnh a rete~pt for Ihe p~emwm o( wth renrwai; a~~d thtre shall be no f~~e o~ +~~r~~1ec,~:n ~nsu~ante
plated on any of sa:d bu~!d~r~gs, any imerest thc~e~n o+ part therrof, unlrss ~n ihe tonn and w~th the ioss payaLte as aloresaid; and in ~he event a+iy sun
Of money bctome3 payebie undrr wch poticy or poLci~a sa~J h1JRTGAGEE ah~ll have tha opt:on to retc~vr end .,pH~~y ~he sen~e on ac.o~n: oi the i~~J~•Ctod•
ne1S s¢Nr@d h@~eby or fo pe~mil Sd~d kIQRTGACiOR$ to :eteive and ufe il or any part Ihr:cof lo~ ot%~rr ~.~~~~:,sti, w:~nv••! t~~ .r..~+~ cr u, p..i•-
ing any equ~ty, iien o? nyht undar w by vi~tue of th~s ~nc~'gege; and in the event fa d MOk`TGAGURS sha:l for any ~eason fail to k~ep ~~~e iA~d prem~s:•s so
insu~ed, o~ fail lo drliver proenptly any of said ~:c,l~c~rs of ~nsura~ice ~o sa~d htORTGAGEE, e~ (a~! pri.mpT~y to pay fu~ly any ~:re~~~~~~~ tl~irefor or ~n a~y
respetl lail to pe<<urrn, d~zd~ar~e, eiecutt, effect, compleli, comply with and abide by thls covunant, ur any pa~t htrtoi, said MORT:>AGEE may p~ace a•a
pay for such insurarce or eny part tF.rrroi w~thout wai~ing or affecting any option, ~ien, equ:ty, or nyht undtr or by vi~tue of th~s Mo.tgage, and the
4~!1 amo~nt of each a~~d e.ery aucfi pay~nent shall be immrd+ately due and payable a~~d shall b~ar interest irom th.t date thcteoi uiu~l pa~d a~ the rafe ot
n~ne per centurn per annu~n a~~d to~rthcr ,n~r;: such intr:._st shaii :~e s~'.urrd by the lien of this niortg~~e.
1, io permit, commit or sufter reo westr, impainnrM o~ dcten~ration ot sa~d prope~ly w any part thrreof.
S. To , ay all and siny~iar the costs, charges and expenicS. ~nduding a rrasonabie a»or~ey's fee and ces~s of abstracts of tiNe, incurred or pa~d at
any ti•r.e by sa~d MOR1GAi~iE, because or in ~t~e event ot tne la~~urr on the part of ~he said 610RiGAGOR to duly, pro~»ptfy and fu:ly prrform, d~tc~~.~rge.
_xecute, e4iect, cempiere, co:r~Nly w~th and ab.~le by e~ch and eve~y the stlpuie~~ons, agrecnknn, cond~t~ons, and cove:~en's of s:.~d pro~~.:s~or~ nute and ~h;i
.~or~gage any or e~~her, and sa d cosn, charges a~d exFensas, each am• every, shall be immrd~atrly due and paya6ie; wh~•~her or not rhere be nct,ce d~
mand, ave«~pt ?o collect or s~it pend~ng; and rhe f~tl amovm of tach and every svch paymem shall bear in~eres~ from the date ~hereof u~tit paid ~t Me
r.~re o+ nlna pe~ c~nrum F-er a,i~w anc: aii said ccsts, cl~arg..~s a~:d txp.rnses i~xuned or pa~d, togrther w~th auch miereat, shall be srtured by ~he I.en of d~s
mortgage.
6. ihat (a) in the eveM of any breach of th~s Mor~gage o~ default on rt,r part of the MORTGAGOR, or ;b) in the evenf any of sa:d sums of maney
herein referrzd to be nof pro~nptty and fu~ly paEd withirt fh rty '30) da~a neit arn•r the san:e seve~a!ty beco~~~e due and payaL'e, witF:oW de~nand o~ natke,
cr ~c) in thr event each and every rhe sGp~:ai~ons, agrermants, co•:d~~~ons and covena-»s of Sd•d ~:tJrn~SS9ry nore and th.s mc~tgage any or e~~~er a.e not
~uly, promptty and iulty perforrned, cl,scharg_d, execur~•d, effetted, co:rplet<d, compi~ed w~th and ar,~d_-d 5y, tnen ea~hei or any such event the sa;d ag
g~egate s~m men!ioned in sa:d pronussory note tne~ re~a~ning vn;;md, with inte~e,t accrued, and a~l moneys secu~ed kereby, sF:aN become due and pay-
n~•e forthwith, or therea!!~~r, at the opt~on of s.,~d AtORIGAGEE, as fully ard comp:e~e(y as i( a!! of the sa:d sums of mcney were ong,~~aUy snpu;ated
fo be pa,d on such d~y, any~hing in so d pro:n.ssory note or in th~s Mortgage to the cenrrary notwithstandiny; and ihereupon or the~eafter at tne op~~on of
sa:d N,ORTGAGEE, w~thcut nor~ce or de~nand, suit at taw or in eq~~ty, therrfore or thereafrer beg~n, may be prosecu~ed as if aIi raoneys secured hereby
n~d mat~red pr~or to ns inst~t~++on.
7. That in the event thar at the beginn~ng of o~ at any ti:ne pend~ng any w~t upo~ this ti~o:tgage, o+ to foreclase it, or to reform it, or to enfo.ce
,~yment of any c:aims hereu~~de , said l~M1ORTGAG:E shafi apply to ihe Cowt ha~~~:g ~~~nd:ulon ~hereof Eor ~he appoimment of a Recz~ve~, such Co~.t shai{
forthwiih appo~.N a rece~~e~ ol se~d morrgaged properti atI ar.d :~n~utar, inc~uci,ng a:~ and a:ng~lar ~t:e ~r.co~ne, Frof~:s, iswrs a~d ~erenves from whate~er
seuice dar~ved, each a~d every of •,vh:;h, it bemg eaHre;s~y unders~ood. +s her_by mo.igaged as if speuf~ca:ly set forth and described in the gTaro:::g ar.d
habendum c.auses hereof, e~d wch Recci.er shali have ai! ~he brcad ar,d eff¢~ct~ve func~ ens and powe~s in anyw~se en~r~stad by a Ceur~ to a Rrce~ver, a~:d
s.ch appoirvment shal! be madr by wch Court ai an ad~nittrd ey~ity and a n~attet of absot~te rigM to said 1110RiGAGEE, e~d w~thouf reference to the
ec2equ~cy or inadequacy o4 the value oi the pioper~y mo~tgayed or to tne so.~~nty or insolvency ol sa+d MOR~GAGOR or the defendan+s, anJ th~t wch
re~,rs, prof~ts, income, issues and revenurs shatt be app;~ed by such Rece~ver eccord.ng to the t~en or equrty of u;d A10RTGAGEE and ~he pracrice of s~ch
Ccurt.
8. To duty, promptly and FuE~y pe-fo~m, d~scharge, exe:ute, eifect, cumpiere, ccmply with and abide by each and every the stipulations, agree:r.ents,
_ondit~ons and covenants m s~~d promissory r.c'e a,~d th;s msrrga~e set forth.
9. That i~ the e~e~v the ownership cf the n,orrgag~d prr+n~s~s, or ar.y part thereof, becomes vcsted in a person other than the MORTGAGOR, the
:'ORTG:.GEE, its :uccesso~s ard ass~~ns, may, without nc±~ce ro tt~e '?.0~2TG:-OR, deal vr~:h ~uch sutcessor or s~tcessor in imerest ~v~th reierence tu this
r• o~tyaye a~ d the d•_ut hereby s_~curcd in Ihe same f113~~R@/ as .~~+h ~',cr.gago~ w:'hout in any way vit:ating o~ d~st!~arging tne A1Crt9agors' Iiaoil~ty herr
:,::der or uF~~ the debt here~~ sccurcd. No s3'e of tf:e F-e~r~;ses hereo~ ~nortgaged and no ~orbea~ance on the part ot the tSpRTGAG[E or iri s~ccessors
o- ass~g~z ard r.o ~xsfrgi0l of :he t;:ne for rhe payme~,t ot the debt he~e6y sec~~rrd g~+e~ by the /~t,ORTGAGEE o~ ~ts succeaso+s or aas:gns, ~i~all operate
ro reiease, d,scha~ge, mud~fy tha~ge or affect the on~~nal fa~:i:ty of tne 1dORfGAGOR herein, either in whole or in part.
10. !t is spec~i~ca~ly agreed that time h of the esser:ce of th~s cont:aa and that no wai.~er of any obl:ga~~on hereunder or of ~he obligation se~
c~red hereby shai; at an~ ti~;e ~~~erraire~ be hcid to be a vfa~.rr o4 the terms he!eof c: af tF~ i~istr~:r.em securea herby-
I
i 11. In .;dd t:~: ~!o tne forege ~:3 r..on!hlY ;.~y•;;^n~s of p•.: c:»: and L rrrest reyu red by the prom.swry ro'•_ secured hareby, mortga3~! eovenams
d aq~ees to pay to r*~,o~tyaaee v.~rn each .ncn•fi y Fa~~,e~,t an ac•~:~+c~~al s~m es~-r ated by mortg~gee to be equai to l: 12 of ti~e an~:ual~ccst of ~he foliow-
•
~ A-Ail real ro ~rr tax~s te~ned cr assessra , ss th•_ ai:ove dezo+ r~a~ esrate.
i F P' / ° g'~•,
~ B- Fr_•:-. ~~:~5 on f~re and ~ dsto^n ~ns~rj~:e es i~e~c~n r^G,;:red to be c?••r_ti c~, the Smp~ovements s~b,ate on th~ above d°SCf:~;_~(~ ptE.'il1SE5.
~ G-Pre:r~,,;;r•s en such mort;,,ge guaran!y ic;.;ra~ ce as m•ort~agae shail ?re:~~: t:~:e !o tune deem fit to ca:ry on the laan secc:red he:eby.
~ h':ortgagee s^., i'rcm. r:•~,_• To t~^~e ncr~f; ~-,c•t~,,,gc. ,n w~;tl~~g o1 the a~:~ov~~t d.,e ar.d payabt der~r.d suc su~n shaii thereupon be d~e a~~d
~ ,~;able on ihe d~e o~r.~ of r~,e ~e.r r.:o~:th.~ p;y~r.,nr ar,d e~ch svccess~~.e ~~onTh r:,ereafr~ryrfifmcrtgag e shall no. y mo~sgagor of a change in such
~ • ount. Such sc~ns sFa.l be a~~~:~ed ~~f mO~t^yc^y-c io::a~d tt:e pa~n,ent of reai preperty ~fs, inwra: pre •.~ms, a~~d mortgage g~aranty insu~en.e
} r'rmi~ms. ~ ~
k IV `:11TP1E~S ':rHERcOF, the sa~d ?AORTG:.GOR has hereunto set h~z ha~.d and seai tha d and ar fira fQ sa~d.
F Sjgned, Sea;ed ar.d dei~veted in the prese~ce of:
~ ~'SL i~_ I - c ~ - ' ~ ~ (Seah
~ , y~-1~ ~ober t J.• a t ena c i t~,s~~
i
~ ~
~ - - i ' iSeaq
~ - - - Diane S. Catenaci tseaq
~
~ S~=.TE QF FLORIDA
~ ~
u.
~ CJUNTY OF St L.l1C 1Q _ _ ~ -
Before me perso~alty apaeared Robert .J. Catenaci and
~ Diane S. Catenaci
y _ _ his wife, to me well known and known to me to be
t~e ir.d~vidvals desu~bed in and who exec~ted tFw forego~ng instr~mem, and acknowledged before rt:e that they eaetuted t:~e same fot the purposes
Diane S. Catenaci
rhe•e~n expressed. And the said_____
Fobert J. Catenaci
~ r~ife of the said _ upon a separate and prlvnte
exam~nar~on oy me ~aRen separate and apart from her sa~d husband, acknowiedged to and before me that she executed said instrument freeiy and volun-
~ar~iy ard w~thout any compulsion, constraint, appre ~s r fear of or fram her said husbar.d.
"3 WITl3ES5 my hand and offic~ai seal this_ day 0 rebZUa A. p- 1q 7'4
z;~
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i« 1kGE0 Notd~y P~t~':~c in and ior the St of Fiori at Large
~ 4~~~~`~~ . , ,M~~ A1y Commission expires: - ~
Return To: f~ _'v~ ~ ~~URt u~ J `
: First federal Savings S Loan Assxiat~on f~E; G., .~!r~
~ .
~ Of P<•r.,. f.(~`:i'.• ' ~ .i~t~~~:~•.
Fur, G,-~r.e, Ficnd~ ~ ~ 1 . ~'i
1~?R ~ ~a 5 .
- 2158~ 3 -
This Instrumeni Prepared By .1ohr1 W. Co l lins i~ . r
First Federal Savings 8~ Loan Association _ o o•'
- of Fort Pierc4 rlorida j~ ~ J~~ G.
_ ~ •f~~
= Checked By 6~ _ - - . -
5;:= ~ ~ L~
f-t ?24 ;,,~E1349
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