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HomeMy WebLinkAbout1164 r ~ 3. To place and continuously keep on ~he ~~i:d~ngs now o~ hrrraitar s~t~ate on sa~d iand and un a~l equ~p~~~rro and personally tovertd by lhis mw~g- ege, w~~h all premwms ~hereon pa~d in full, i~re inau:ance ~n tnr uiual s~a~~d.+~d poi~cy (o~m, in a sum appru+ed by the MOR~iaAGEE, oc~d w~nJetorm insuruxe in the usual standard pol~cy form, in a svm approred b~ ihe MURIGAGEE, such tanpany or co~+~pan~es as Ihe MORiGAGEE may dueci; ~nd eiI tire a~.d w~nds~arm ins~rance potiues on a~y of sa~d build~ngs, any interdat thcr0in O~ pait thtreol, in ~he aggregaro sum alo~esa~d w in excess thereof, shall contain the usuai stanJard ~na~9ag~e clause a such o~her dause as the Mougagee may rrqu~ro, meM~.g the io~s ~~drr se~d pai- cies, esch and every, pavab!e to said MORTGAGEE as its m~erest may sppear, aod cach and every such po~~cy sha{I be promptly aes gnrd and dr'~~vcrrd ~o eny held by sai~ MORiGAGEE as funher secueity to aaid matgage debt, and, nol less thsn~ten (10) deYS ad.ance o1 thr e~p~~st+on o~ each pol~cy, to de- Gve? lo seid MORTGAGEE a renewal thereof, togethar wi~h a rece~pt for the prrm~um of such renewaf; a~~d there ahall be no f~~e o+ w~~~d~~o+~n ins~ra~ce placed on a~y of sa~d bui!dings, any interest therein w pa~t lhereol, unlrss in ihe form and with the loss payab~e as afaesaid; and i~ the event anY suM . of money becanes payebte under such poticy or poGc~es sa~d MORTGAGEE shall have ~he op~~on ro recei~e and apply th~ sa~~~e o~ account of ~he indebtrd- r.es~ sec~red hereby a to permit said MORTGAGORS ro receive and use it a any pari 1hrrCJl 1or ot1~~•r ~.J~~~J3i'S, 1'IA~Ri~.~ th:r. u~ .va~.~ o~ ing any equlty, lien or right under o~ by vir~ue of this mo:~gage; and in the event u d MORTGAGORS shatl ',or any ~easa~ (a~~ to keep ~he sa~d prc~niscs so insured, or (ail to deliver promptly any of sa~d po!~cies o1 inw~ance to sa~d MORTGAGEE, or fail promplfy to pay fu~ly any ~~re~»w~n therefo~ or in a~y respett (ail fo pe~fwm, distharge, eaecutr, effett, tomp~ete, comply with and abide by th~s covenant, ot sny pa~~ ha~eof, said 1dVRiGAGEE may p~ace a•~d pay fw s~ch insurance or any parl thereof w~thout waivfng ot affecGng any option, litn. equ~ty, ot right under p by virWe oi this Mo~tgjge, ~nd the f~ll amount of each and every such payment shall br immediately due and payable and shall bear interes: from the datr thereof until paid at the rete ol mne per cent~m per annum a~id to~e~her w~th such interest shali be srcured by the li~n of this morlyage. 1. To permit, commit or suifer no waate, impa'ument or detcrioration of said property or any parl thereof. S. To pay alI and s~oguls~ the cos~s, charges and cxpenses, includ~~g a reasonable atto~ney's iee and costs of abstraus of tftle, incurred or pa~d a+ any time by said MORTGAG:E, becaux o~ in the cvent of fhe fa~~ure on ~he payt of ~he sa~d MORiGAGOR ~o duly, prornptly and futly perform, d~uF~arge. earcu~e, effect, complete, comply with and ab:de by eacfi and every the stipulauons, agreemenrs, condit~ons, and cove~~ants of said prom~ssory note artd this mortgage any or e~ther, and sald cosrs, charges and eapenses, each and every, shal~ be immc<l~ately due and payab~e; whether or not there be noT~ce da mand, attempt to•collect w s~it pend~ng; and 1he iull amount oi each and e~ery such paymeM shall bear interest from the da~e thereof uotil paid at the r„te of nine per centum Fx:r an„u:n; arw+ all sa~d costs, cl~argas artd e~.~nses incurred or paid, ~ogather wdh such interest, shall be sxured by the litn o! thb mortgage. b. That (a) in the event of any breach of this Mortgage or defaull on tFr part of the MORTGAG~R, or (b) in the ev~nt any of sa~d sums of money hercin relerred to be not promptly and {ully paid vfilhin Ih:rty (30) days next aiter the same severatly brcome dve and payabte, witlwvt demand o? no~~te. or (c) in tha evero each and every the stipulahons, agreements, cond~tions and covenants of sa.d promisw~y note and th~s mortgage any or enher arc no1 iuly, prompdy and fuily performed, d~scharg..d, executed, esfec?ed, compteted, compGed with and ab~ded ~iy, then in either w any such event the sa~d ag ~regate sum mentioned in said pron~~ss~ry note thrn remaining unpaid, with interrst actrued, and all moneys setured hereby, shatl betome d~e and pay- ao:e fo:th~ruith, or thereafter, at the oot~on of snid MORiGAGEE, as fully and completely as if all of the sa~d s~ms of money were or+g~nally st~pulated to be pa d on such day, anything in sa:d prom~sswy ~ote or in this Mortgage to the to~traiy norwithstanding; and ?hereupoii or thereafter a~ the op~~on of s~,d MORTGAGEE, without not~cr o~ demand, suit at law or in eq~ity, therefore w thereatier begun, may be prosecuted as if all moneys secured hereby nad mat~red pnw ro ~ts ~nstituhon. ~ 7. 7hat in the event that at fh. beg;nni:~g of or at any ti~ne pending any su~t upon this Mortgage, or to faeclose it, or to reform it, or to enforce payment of any daims hereunder, sa:d h10RTGAGEE shall appiy to the Court having ~unsdrction thercof for the appomtment of a Receiver, such Court :hail Fo:rhwith appoint a receiver of said mortgaged property alI and singular, inctud~~g a:l and s~ngufar-thg in{Qme, pr~f~ts, iasves ar.d revenues from whotever sw~ce drrived, each and every of wh~ch, it be~ng expressly undrrstoed, is herrby morigaged as ii spet~~kM4Y.3?~ (wth and described in the granting a~d hai~end~m c!auses Fwrzof, artd such Receiver shail have ~~1 the Lroad and effecrive fur.ce.ons and powers i~ any,v~se tptrYsted by a Court to a Receiver, and s. ch appointment shalt be made by svch C~urt as an ad:nitted equity and a ma~ter of absctute nght fo ~~d MORTGAGEE; an~ withouf re~erence to the a-±_quacy o+ inadequacy of the vatue of the properr~ mwtgaged or to the so:~ency or ~nso:vency of sa~~ MOI~IGAGOit ~r -the defendants, and ~hat such ra•~rs, proiits, income, issues and revenues shaN be applied by such Receiver ac:ordmg ~o ~he Gen or equity'o1 saidMORTGAGEE and the pracnce of such CourL 8. To d~ty, prompt:y and fully perfo:m, discharge, ezecute, effect, comp!ete, comply with and abide by each and eve?y the stiprlations, agreements, conditions and covenants in said promis:o~y note and tfi:s mo~fgag> set forth. • 9. That in the event the ownersh~p of the mortgaged pren:~ses, w an~ part thereof, hecomes vested in a perwn other than the b1t"~RTGAGOR, the . ,ti•CRTGAGEE, ifs successo~s and assign:, may, w:thovt no~~c~ to ~he ~SORTGf=OR, deal w~rh such wccessor or successor ~n imerest with ~eierence to thu ~-o•fgage and the debt he~eby secured in tne same manner as with ~dortgagor without in any way vit:ating a d~scharg~ng the IJlcrrgagori liability herr ~cder or upon the d.•bt hereby sec~red. No na'se of tl~e premises hereby mo~~gaged ar.d no forbearance on the part of the N10RiGAGEE or its successors or oss~9ns and no eatrns~on of the time for rF.e payment of the deb~ hereby sec~red given by the OhORiGAGEE or rts successas or au+gns, ~7~alt operate ~o re!ease, dscharge, r.:odity change or affect the ong~nal tiau:{~ty of the MORIGAGOR herein, either i~ who~e or in part. 10. h ia spedfcaiiy agreed ~hat time is of the esser,ce of thls co~trad and that no waiver of any obligation hereunder or of the obligatan sr cured iiereoy shalt at any time thereatter be he:d to be a we~~er of the terms hereof w of the instrument secured herby. I1. In adJ.t:cn to tne forego'ng ~nomhly paymcnts of princ paI and ~nierest reqo~red by the p~om~sscry nore secured hereb~, mortgagor covenants a~:d agiees to pay to mo:tgagee w~th each monthiy pa~rnent an add~uonat sum est.^,a!ed b~~ mortgagee to tx equai ro 1, 12 of the annual cost of tFK follow- ~~3: A-All rea: property taxes levied o+ assess_•d a~ai~~st thc above descr~bcd real estate. B Prcr:•:,ms on fire and windstorm irsorarce as he:c:n reG~~red to be car~ied on th? i~rtrroveme~ts sit~ate on thc abave destribed premises. - C-Pr~~:~iums on such mon~~9e guaranty ins~~ra~~ce as mortgagee shail frc:r. t~me to ti~n.e deert~ fit to carry on the ban secured hereby. : Mortgagee s!,y!1 f~em nme ~a r~me no~~iy mo.tyagor i~ xr;hng of the a-: ou~t due and payabte hereunder and such surn shait thareupon be due and ~ ~;able on the due dafe of the nrxt month:y payment and each suctessive mor.;h the~ezftcr uctii mwfqagee shall not~fy mortgagor of a change in such ; _ o~nt. $uch surns sha (:~e app:ied by mor.gagee roxa•d thr payrnenT of rea: property taxes, insurance prem.ums, and mortgage guaranty insutance s ~ ~~~emiums. ~ : € ly Y11iNF55 Y~HeREOF, the sa~d MORTGAGOR has hereunto set his har.d and seat the day and ye rst aforesaid. t ~ Signed, Sta~ed and delivered in the presence of: - ~ _ ti-~~Z'. a~ _ _ P tZ~Ck R O' aq Seaq Jo e R. ~ n cseaq ' Sii~iE OF FLORlOA ~ - 55 ` :.JUtJTY OF St • Ll1C~@ _ ~ ~ patrick Rogolino a„d ° Be(ore me personally appeared ; ,j0~?Ce R. Rogolino his wiie, to me well k~own and known to rtx to be ~ ?he individuals described in and who executed the foregoing instrument, and acknowledged before me that lhey executed the same for ihe purposes y Joyce R. ~golino ; rhere~n ezpressed. And the said ~ r:i,e of the sd~a _ Patriek Roe~olino a separate and private ~ era~n~nation by me taRen separate and apart from her said husband, acknowledged to and brfore me that she executed said instrumem freeiy and volum ~a-~~y and w~thout any compulsion, constraint, apprehens~on~~, ~oIr fear of or from her said husband. 74 ~ WITNESS my"hand ar+d offK~al seal ihi~_-a-V r" day of March A. D. 19 a r I ~ `~~N\Illllttj~ - ,~f~~n `.1~- w~ t ~ " ~ , Notary Public in and for the te of Fbrida at large 5 " ' My Commission expires: z ~ ~ ' ~ ' ~ ; ~ke~um o: • , t + I ~ ~ a Fust bede~ar $a~ingt`~ LCan ~•Association + ~ ' : ~ Fort,_P.:cvice. - ~ da et lsg~ ~I , i'ori i~t~sce: f1orid.3 _ ~M~ ~C ~ E F ~ ~1. ~p. 1l74 ~ % • ^ ` J . 6onded b~~^'On Fu~ i Caawltll ~ • ~ ` ` • ~ ~ Th~Sf~l~!sirument f~repared By John W. Cbllit~s FRE~ *~CJRDEO ~ First Federal 5afvings 8~ Loan Association ST.W~iE "~~h~Y flA. ~ of Fort Pierce , Florida :'j~~5 CLE~K ~ ;U~' C~URT ~ ~ '~\FCrr,c..:' E:...~.~~ ~ ~ . Checked By - ~ S9 t ~ $0~225 ~;f1~~2 ~sv3 ~ ~ ~ ' s~" Y ,r . - ~ ~ - r~.,a: ,,.~s , ~~~f~~~ ~ ~T ~ ~ -a. x . - - - F',~~ ~c a~ _ _ _ a r _ ...a~-.~ _ ~r,~