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HomeMy WebLinkAbout0607 1 t i 3. 1o place and continuo~sly keep on ihe bui!d~ngs now a hereafter sitwte on sa~d land s~d on all equipment and personally covHed by lhis mo~tg- ~gs, with ali premiuma li~ereon µ~~d in i~U, f~re insuranca in tha uwal sta~xla~d policy torm, in a sum appro~ed by Ihe MORIGAGEE, and windstwm i insurante in the usual standard pol~ty fwm, in a aum app~oved by the MORTGAGEE, in sucA tompany or compan~es as the MORTGAGEE may ~ dfr~d; ~nd all fire and windstorm iniurance poliuas on a~y of said build~nps, •ny interest tharein or part ~hereol, in the +99~egare ium aforesaid o~ • ~ In txceu thereof, shall co~tain the usual ?tanJard mortgagae dauie a•uch o~he~ clause as tM Mortyagce may reqwn, maAi~~ the loss unde. sa~d po~i~ ~ cies, each and eve~y, payable to said MORTGAGEE ai ~ts in~zrrsl may appear, and eath and eve~y ~uch policy ahafl be promptly •ss.yncd and de~~verrd to any held by sa~d MORiGAGEE as (unher seturity to u~d mor~~age debt, and, not leu lhan ten (10) days in advance of tfie exp~rotion of each poGty, to da f Yw~ to said MORiGAGEE a renewal the~eof, toge~ha with s receipt fw the premium of such ~enewal; and thero ~hall be no i~re or wlnds~orm insurance ~ plsced on any of taid b~,ild~ngs, ~ny interlsf therein O~ part thereof, unlesa in the form and with 1M toss payable as aiorew~d; and in th~ •ve~~ any ~um • of mon~y become~ payable under s~ch policy or policies said MORTGAGEE shall have ~he option to reteive and apply the same on account of the indebted- neu sewred hereby or to perm~t sa~d MORTGAGORS ro recaive and u~~ it w any part thereol fo~ o~hc~ pu~poses, .v~~ho::t ~h.r, oi wa~.~~~g o. ~~rpa~~• ~ any equity, lia~ a~~gh~ ~ndei w by virtue of this morsgage; and in ~hs event sa~d MORTGAGORS shall fw any ~eason fail to keep the ia~d premisrs so . insured, o~ fail ro deliver prort+plly a~y of wid policies of intursrtte to said MORTGAGEE, or fa~t promptly to pay iuily any p.emium theretw w in any _ respect fail ro pe.fam, dis-harge, execute, eifecL comptete, comply with and ab~de by thi• cove~anl, w any parl hereof, said MORTGAGEE may piace and , pay fo~ such insurance or •ny part thereof without waiving a affecting any option, lien, equ~ty, w right under w by virtue of ahis Matgage, and the • tull amount of each and every such payment sMll be immediately due and payable and shaU besr interrsl from the date thereof until paid at the ~ate oi nine per centum pe~ ann~m and togriher with such i~terest shaif be secured by the lie~ of thi~ mortgage. To permit, commit or suffe~ no waste, impairment or daterioratio~ of said properry or any psrt thertof. 5. To pay all and singular the costs, charges end expcnus, inclvding a~easoneble atto~ney i fee and <osfs of abstracts oi title, incurred o? paid at any time by sa~d MORTGAGfE, because o? in the event of the ta~lure on the part of ~he said MORTGAGOR to du~y, promptly and fully perform, d~xharge. i execute, efFett, complete, comply w~?h and ab:de by each and every the stipvlat:o~s, sgreements, conditions, and covenants ot said promissory note and this mwtgage any o~ ei~her, and said costs, charges and expenses, each a~d every, tMll be immediately due and payable; whethcr a not there be notice da mand, attempt to collect or suit pend~~g; and the full amount of each and every such payment shall bear inte~ase irom the date thereof until paid at the rate of nine per cenrum pet an~~u:n; and all said costs, charges and expenses incurred w paid, togethet w~th such interest, shall be secured by the lien of th~~ mort~eg~. 6. That (a) in the event of any breach of Ihta Moitgage w de(ault on the part of the MORTGAGdR, w(b) in the event any of utd tums of money herei~ reFerred to be not p:omptly and fully paid within thirty (30) days next affe? 1he same uverally become due and payable, without demand or notice, or (c) in tMe event each and every the stiputatio~s, a9reements, conditions and covenants oi sa.d promissory note and th~s mor~gage any a either are not • ~uly, promptly and futly perfwmed, d~scharged, e:ecuted, effected, completed, complied wi~h and abided Sy, then io eitlxr p any such eveM the said ag gregate sum rrKntioned in said pron,issory note then remaining vnpaid, with interest accrued, and ell moneys xcured hereby, ~hatl become dve and pay- ? abfe fwthwith, or thereafter, at tF+e opr~on of sa~d MQRiGAGEE, as fully and comple~ely as ii all of the said sums of money were a~ginally st~putated to be paid on svch day, anything in sa~d p~om~ssory note or in this Matgage to the cootrary noewithstand~ng; and thereupon or thereafter at the option oi snid MORTGAGEE, without nonce or demand, suit at law a in equity, therefwe o? thereaiter begun, may be prosecuted as if all moneys srtured hereby had matured pnor to its institution_ 7. That in the event that et the begin~ing of or at any time pending any suit upon this Mwtgage, or to faeclose it, or to reform it, o? to enforce payment of any ciaims hereunder, said MORTGAGEE shall apply to the Court hav~ng jur~sd~a~on ~hereoE fa the appo~nimrn~ of a Receiver, such Court shall Forthwith appoiN a receiver of said mwtgaged property all and singular, includ~ng atl and singu~ar the income, p~of~!s, issues and revenues from whatever source derived, each and every of wh~ch, it being expreasly underatood, is hereby mortgaged as if tpecificaliy set forth and deuribtd in the granting and habendum clause~ hereof, and such Receiver sha11 have aIl the b~oad and effective funct,o~s and powers a~yw~se entrustcd by a Court to~ a Receiver, and se.ch appointment shal~ be made by such Court as an adm;tted equity and a matter of absolute right to said MORTGAGEE, and withoul refere~ce to the adequacy or inadeqvacy of the vatue of the property mortgaged or to the solvency w insolvency of said MORTGAGOR or the defendants, and that such rents, profib, intome, issves a~d revenuea shall be appt~ed by such Reteiver accwd~ng to the lien w aquiry oi said MORTGAGEE and the Rractic,Q of such Covrt. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the slipu~ations, agreements, conditions and covenants in sa~d prornisswy note and th~s mortgage set fwth. 9. That in the event t!~e owr.ership of the rr:ortgaged prem~ses, or any part thereof, becomcs vested in a pe?son other than the MORTGAGOR, the ' h10RTGAGEE, its successas ar+d assigns, may, without no~ice to the AhORTGAOR, deal w~th such sucteuor or successor in interest with reference to this i m.ongage and the debt hereby secured in the same manner as with Mo~tgagor without in any way vit~ating or dixharging the Mortgagors' Iiability here- ° i under or upon M+e debt hereby secured. No sale of fhe premise: hereby mortgaged and no forbearance on Ihe part of the MORTCaAGEE or its successora # cr ass~gns and no eztens~on of the time for the payment of tne debt hereby secured g~ven by the MORTGAGEE or itt successors or essigns, stiall operate ~ ~o rcieaae, d~xharge, madify change or affect the orig~nal liab~l~ty of tke MORTGAGOR herein, either in whole a in part. , 10. It is spec~fically agreed thet time is of the essence of this contract and that no waiver of any obligat~on here~nder or of the obligatwn sr cured hereby shall at any tirtx ?hereafter be held to be a waiver of the terms hereof w of the instrument secured herby. 11. In add~tion to the fweyo'~g monthly payments oi princ'pal and interest required by the prom~ssory no!e secured hereby, mortgagor covenants ~ and agrees to pay to mortgagee w~!h each monthly payment an addirionsl sum esGmated ~y mortgagee to bt equal to 1 j 12 of the annual cost of the follow- ' '^9: : I A-Afl reat property taxes levied w assessed against thc above deu.ibed real estare. ~ ~ B-Prem~ums on f~re and windsror~n insvrar.ce as here~n requ:red to be carried on the improveme~ts situate on the above described premises. ~ ~ C-Premiums on such mortgage guaranty insurar.ce as mortgagee shall from t:me to time ckem fit to carry on the loan secured hereby. ~ ~ Mwtgagee shall from t~me to rime norify mortgagor in writing of the amcunt due and payable hereunder and such sum shall thereupon be due and t payable on the due oate of the next monthly payment and each successive month tnereafter ur,til mortgagee shall notify mortgagor of a change in such ~ a~,ount. Such sums sF.ai~ be app!~ed by mortgagee to•xard ~he payment of reat pro, erty tazes, insurance prem:ums, and mortgage guatanty insurance i = premiums• ~ IN VtIITNESS Y/HEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year ' aforesaid. ~ ig ed, Sealed and delivered in the presence of: Scal) ~ ~ Pa ' ck Ro ~ o csean ~ ~ (Seaq ~ _ o C R Ro ,l i t~aq ~ STA7E OF FLORIDA 1 ~ COUNTY OF SL . LLIC16 ~ ~ • ~ ~ Befwe me personally appeared Patrick Roqolino ar?d ~ .lOyCe R. Roaolino his wile, to me wdl known and k~own to me to be ~ rhe individuals desuibed in and who executed the foregoing instrumer?t, and acknowledged before me that they executed the same fw the purposes ~ therein expressed. And the said Joyce R. 1tOf701~110 N~fe of the wid Patrick Roqolino upo~ a separate and private examinat'an by me taken stparate and apart from her said husband, acknowledged to and before me that she executed said i~strument freely and volurr rariiy and w~thout any compulsion, const~aint, apprehension,~ fear of ot from her said h~sband. ; W~TNE55 my hand and official seal this ~ day of A Ill ~ q, p_ ~q 74 1 J Notary Publi n and for t State of F{orida st lar~ My Comm' on expires. L~/`I T~ - Return To: - Fint Federa) Savings 3 Loan Association t , ..~:l~~,. ; O~ Fort P~erce. . ' Fort ~~erce, Florida !t,, ' ~ tILEO AND ~ECOR~EO ~ • fT. WCtE COUMTY U. . ' t AOCEH P@ITAAS y(~ . = CLERK CIPCLiT COURT ~ This Instrument Prepared ByJohn W. Collins . R«OR4 VERt~ZEO~ r ; First Federal Savings & Loan Association ~ ' • _ , . I~ 8 07 ~'Z~ of Fort Pierce ~ Flotida . - . • : ~ - - Checked By~S . ~ - ~,~~SiG;~1 ' ~i~' - 3 i '00~226 P~E fi~7 - ~ l . . _ _ . _ _ _ _ . . . . . . ~ . . ~ . , . .