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Home My WebLink About0083 . ~ ~ 3. To placa aRd con~in~ously keep on the bvi:d~r~g~ now or hereaiter sitvate on soid tand and un e~l equipment and personally cove~ed by this morrg- ege, w~th all prem;ums ~hereo~ pa~d in full, fire insu~ance in ~tw usuat stai~ard pohty (ocm, in e wm aHp~oVed by the MORfGAGEE, and winJs~orm msuronce in fha uwai uanciard poi:cy lorm, in a sum approvod by ihe MORiGAGEE, in t~ch canpany or compame~ as the MORiG~1GEE may d~rcrt; and all firo and w~~Js~orm insvro~ce po~~c~ea on any of sald b„ild~nyi, any interest therein or part thrreol, in ~he aggrega~e wm ~foresald o~ in excess thereof, sMll contain the usual s~andard mortgagee dause a such o~he~ dauu as IM Mwtgagce may rrqu~re, making the ~oi~ unde~ sa~d po~i- des, each and every, payable to sa~d l~SJRIGAGEE as i1s +n~ere~t may appear, and each and wery such po~~cy shall be promplty ass gned ar.d detivered to eny held by said MORTGAGEE as fu~ihe~ sec~rity to ~a~d mortyage Jebt, and, not less than ten (103 days in advance oi the exp~roUOn of each polity, ~o de- I~ver to said MORiGAGFE a ronewal ~hereof, toge~hrr wi~h a rece~pt fo~ thc p~emium oi such renewal; and there shall be no f~re o~ v.indsw~m insurance placed on any oi ssid build~~gs, any interest the~e~n w part thereol, unteaa i~ the form and with the loss payable as aforesaid; and in the event any sum i of money becanes peyable under wch poticy or policies said 610RTGAGEE aha~l have ~he op~~on ro receive and appiy ihe same on accouro o( the i~~d.:btcd- nrss secured hereby w to prrmit sa~d MORTGAGORS to receive and use it or any part ihereoi for other purposes, .v;iho~t th_~~u~ wa~.:.:3 or u~.pau• : ;ng any equ~ty, lie~ d ri9ht u~der or by virtue of Ihis mo:'gage; and in the evrnl u~d MORTGAGORS s~all fw any reason fail to keep ~he sa~d pre~n~sas w t insured, w fail fo dr~iver promptly any of sa~d polK~es o( insuranze to said MORTGAGEE, or fail promp~ly fo pay fuily any pra~»~um therefor or ~n any rrspect fail to perFwm, discharge, execute, efFect, comp~ete, comply with and abide by this cove~ant, a any part hereof, said MORTGAGEE may p~ace and ' pay fw iuch insu~ance or eny part lhereof wi~Aout waiving w affecting any option, lien. equity, or r;gh~ under a by vi~tue of tF+is Morfgage, and thc f~tl amount of each and every such payment ahall be immediately due and payable and shall bear intereat from the date tFereof until pa:d al the rate ol n~ne pet cenfum per a~:n~~n and to~ethrr v~ith s~~h interrst shall !x secured by the lien o1 th~s mortgage. To permit, commit or su(fer no waste, impai~ment or deterioration of sa~d property w any part thereof. 5. ?o pey aIl and singular the costs, charges ard expenses, ~nclud~ng a reasonable attorney's fee and co:ts of abstracts oi titte, incurred or paid at . any time by sald MORTGAGfE, because a in ~he event ot the fa~luro on the par~ of ~he said MORTGAGOR to duly, promptly and fully per(orm, d~xharge. , exec~te, effec~, compk~e, comp~y w~fh and ab:de by each and every ~he st~p~la~~ons, agreements, cond~~ions, and coverwnts of said promissory nofe and fhis mo~rgage any or ei~her, ai~d srd costs, charges and expenses, each and every, shall be immedutcly due and payable; whether a ~ot there be notice d~ mand, attempt to coilect w suit pend~ng; and the fult amovnt of eacA and evrry such paymeM shall bear iroerest from the date thereof until paid a1 the ~~re o! ni~re per ce~t~~n yer annurn; and aU sa~d cosis, ct,argea end exprnses incurred or paid, togeiher w~th such in~erett, shall be securrd by the lien of thls mortgage. 6. That (a) in the event of any breach of this Mortgage or defavtt on the part of the MORTGAGOR, or (b) in 1he event any of sa~d sums of money hrrein ~eferred ~o be not p~anptly and futly paid wi~hin th~+ty l30) days nex~ at~er the same severally become due and payable, witho~t demand or notice, or (c) in thr event each and every the ~ti~x,lations, agreements, cond~tions and covenants o1 sa.d pro~iissory note and th~s mor~gage any or either are no1 ~v~y, promptly and fully perfo:med, d:scF~a~ged, execured, effected, complered, compl~ed w~th and ab~ded 5y, then in e~ther or any such event Ihe sa~d ag gregate sum menYwned in sa~d promissory nore then re~r,aining unpa~d, with interest accrved, and aI{ moneya secured hereby, shalt become due and pay au'e (orthwith, or tbereafter, at ~he option of said MORTGAGEE, as fu~ly and comple~ely as ii all of the said sums of money were aig~naily sGpvlated ro be pa:d un such day, anything in sa:d promusory note or in this Mortgage to the contra~y no~withstanding; and thereupon w thereafter at the option of sa:d ~dORTGAGEE, without nor~te or demand, suit at law w in equity, therefore a thereafter begun, may be prosecuted as if all moneys secured hereby nad matured p~~or ~o ~ts inuit~t,on. = E 7, That in the event ehaf at the beginn~ng of or a1 any time pe~ding any su~t upon this Mortgage, o~ to foreclose it, w to reiorm it, or to enforce caymenr of any cloims hereunde~, said 1'dORTGAGEE shall appiy fo the Cowt having ~ur~sd~aion t6eceof fw the appo~ntment of s Receive?, such Cou~t shalt iorthwith ;ppuiM a receivtr of said mortgaged property all and singu~a~, includ~ng ull and singu!ar the income, p~oids, issues and revenues from whate.er seu~ce de~ived, each and eve+y of wh~ch, it being expressly unde~stood, is hereby mortgaged as if spec~fically set fw~h and described in the granting and ha~endum cla~ses hereof, and such Recriver shall have al! the broad and effective funct~ons and powers in anyw~se entrusted by a Cour1 to a Rece~~er, and s.ch appointment shall be made by such Court as an admitted equity and a matter of absolute rigM to wid ~dORTGAGEE, a~d wirhout re(erence to thr edequacy or inadeq~acy of the value of the property moitgaged or to the so~vency or insoivency of said MORiGAGOR w the detendants, and that such renrs, prolits, income, issues and revenues shall be app;ied by such Rece~ver accord:ng ~o the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly a~d fulty perform, d~scharge, exec~te, effect, con~lete, comply with and abide by each and every the stipulations, agreements, ~onditions and covenants in sa~d promisswy note arx! th:s mortgage set forth. ~ ; 9. That in the event the ownersh~p of the mortyaged premises, or any part thereof, becomes vested in a perwo olher than the MORTGAGOR, the , YORTGAGEE, its wccessors and ass~gns, may, wiiho~t ~~orice to the S~.ORTGAOR, deal with such successor or successa in iroerest with reference to this ~ r~o~~gage and ~he d4bt hereby secured in the same manner as wirh Mortyago. w~thout in any way vi1laling or discharging the Mortgagors' liability lure- ' :;:,der or upon the debr hereby sec~red. No sale of the prem~ses h~~reby mortgaged and no fo~bearence on the part of the MORIGAGEE or its successors or assigns and no extens:on of the ti:ne io~ the paymem of ttie debr hereby secured given by ?he MORiGAGEE or its successors w ass~gns, ahall operate ~ , ro release, d~scharge, modify change or affect the original liauil:ty of the MORTGAGOR herein, eithe~ in whote a in part. ' ; 10. It is speuiicalty agreed that time is of the essence of th~s con!~au and that no waiver of any obligar~on hereunder w of the obligetion se- ~ i :vred hereby shaU at any time rhe~eafter be he:d to be a wa~rer of the terms hereof w of the instrumeM secured herby. i 11. In add.t r,~ to the forego~+~9 monthly paym~nts of princ'pal and inTerest ~equired by the promisscry nore secured hereb'y, mortgagor tovenants s ~~,d agr:es to pay to mo~tgagee v~.~th each moMh[y pay+.~ent an aJd~r;onal wm est•mated by mortgagee ro be equai to 1;"12 oi the annual tost of the follow- f t ~3: - ~ A-All rea! propcrty iaxas lev~ed or assessed agii•~st the above desoibcd real esrate. i 6- Premw~ns on fire and windsform inw~a~:ce as here~n requ~red to be carried on the improvemeMs s~tuate on the above d~saibed premises. , s C-Pre~niurt:s on svch mortgage guaranty ir.svrance as mo~igagee shaN frc~r. t me to tirne deem fit to carry on the loan sewred hereby_ ~ Mortgaqee shiR from t~me to t~me no:~fy morTgagor m wr~i~ng of the amount d~e and payable hereunder and wch sum shaR thereupon be due and > :.jvable on the d~e daTe o4 th= next month:y parrrent end eath wccessive month thereafter u~:til mortgagee sha~l nutify mortgagor of a change in such < a ' -nunt. $uch wms sha[I be appiied by morfgagee toward +be pay~nent of reat properry taxes, insura~ce prem,ums, and mortgage guaraNy inwrance ? ':~emlums. ~ IN V~ITNESS 'NiiEREOF, the said MORTGAGOR has hereunto set his har.d and seal the day and year first aforesaid_ Signed, Sealed and delivered in the p:esence of: ~~~j~~~~ ~~~,/pa.~ y~~~~ (~an ~ ~ ~ - 1taC~i~FWT#n; Bmanuel M. Raniolo ~~a~ ~ - G.E~.II i'r.~tf1710U~7 - ~ (S . ~~OAA 1?Cst:FtE~ (Seal) = - C'~...... (Seaq pnn A . R Tniolo ~ - ~1R » 9 ~i IU! ~ ' ~ ST;aTE OF FtORIDA ; ~ CJUNTY OF C t t~,~rria 2'79~.81 ; ~ s:. ~8efore me personally appeared F~e bl R~ni nl n and Ai1T1 A. R,niolo his wife, to me well known and know~ to me to be ' ~ th~ i:idiv~duais desuibed in and who executed the foregoi~g instrument, and acknowledged befwe me that they executed the same for the purposes ~ rherein expressed. And the said ann A. Raniolo - ~ r~ife of the said Emanuel M~ R"nialo upon a separate and private ' exam:nat~on by me take~ separate and apart from Fer said husbartd, acknowtedged to and before me ihat she executed said instrument freely and voluo- } ~ rar~~y and wrthout any compu!sion, constraint, apprehenslon, or fear o( or from her said husband. j '~v~ WIiNESS my hand and official seal this_ ~ - day of AAZ11 - A. D. 19~_ s `^F ~~A ~ ~ - Notary Public in and fw. t State of Fbr~da at Large _ My Comm~saion expires: 4 Retum To: ~ p• 3 p.~(~ f ',',:`-s First Federal Savin3s 6 loan Association ~ Of Fort P,erce. " _ ' - i . ' fort Pierce, Flurida , . ~ ~~ii " . _ ~ . .J • ~ ' _ _ ~ J ' This Instrument Prepared By Gary F. Ellwood = - _ ~ ~ First Federal Savings & loan Association . - : ; _ ' " - of Fort P~erce , Flor ida 33450 - J-`•'` Checked By ~ ~~r~~~~~~~~,,. ,::y ~ 0 R ~n - - 600N ~.V PA6E OJ ~ S A _ _ . . ~ - - ~ _ - -