Loading...
HomeMy WebLinkAbout1114 To place and continuously 4eep on the b~~'~i~~~9s norv or hrreefter s~tu~ie on sa~d !and and on a!i eq~~p ~~ent a^d pe~sona~~Y covr-ed by th;s ~*:p~g sg~, w~th all prem~ums ~hereon pa~d ~n fu~l, f~re insure:.ce ~n ii~r usval st~njard po~~cy form, in a sum a~p~o.eei by the MUR:~%.GfE. arJ w~^a:tc,~m (nwrance in the usual staruiard po!.cy ionn, in a sum epproved by ~he MORiGAGEE, in such company or ca~:p+n:es as rhe !.'.02TGAGEE Tay d~retr, and all liro and w~nduorm insuran~e po;iues on any of said bu~id.ngs, any ~me~est therein or pa~t thereo~, in the aggrega•e s::m aforesa~d o~ in excess ~he.eof, shali corooin fhe ~svaf ~ia+~dard mo~igagre dause o~ such o~her ciause as the Mo~~gagee may ~eq:,.re, ma?~ng tnr ~ecs ~~dr+ sa•d po;:- c~es, each and every, pa~ab~e to said :~1~RIGAGEE as rts inter~st may appear, and each end every svch po:~c~ shiSl be promp+~y as~ g•,rd a~~d de .:ored ~o eny held by said MORIGAGEE as further securi~y to sa~d mortgage drbt, and, not less ~han ~en (10) days in ad.ance of t~e eap~ra~~o~ of cach po;.cy, to dr Gver to said MORTG.~GEE a re~ewal ~he~eof, toge~her with a rrce~pt tor ~he pre~n~um of tuch renewal; a.~d ~here shall be no i~re w+Y:~~as~c'~++ ~~sa+~u+ce place.~ on any o( said b~iidmgs, any interest there~n w part thereol. unleas in ihe lorm and wnh the lou payable as afwesa~d: +~d ~n ?he eve~t +nY sw++ of money becomes payabte undr? such policy or poLcies s.i~d MORIGAGEE shall have ~he opt~on to rKB~vB and app~y the same w+ eccw+nt oi ~he i:xi~t~~ ness sec~red hr~eby or ro permit sa~d MORTGAGORS to receive and use it a any p~~t ~he~eof tor o~ncr Hu~Fosrs. .-.~~R~.t +n=•~~i ''a"'- ing any equity, lien a n9ht ~nde? or by virWe of Ihis mortgage; and in the event ia:d MORTGAGORS shall fw any roason (sit to ketp the sa:d p~e~*++ses so ~~su~ed, w fail to delive~ promptly any of said po~icies uf insurance to faid MORTGAGEE, a(aif promptly to pay f~.iy any pru~~~.+m thereiu a~n a~y reapect fail to pe~fo~m, d~scharge, execute, effect, comp!eta, co:np~y wirh and ab~de by ~h~s cove~aN, u any pa~t Fureof, sa,d MGRIG:.GEE may v•ace aro pay tw such insurence or any parl thereof without waiving or affecting any opt~on, lien, equity, or right undr w by v~r~~e of ~h~s ~wr9a9e. +~+d ~l~e futl amouM of each and e.ery such payment shall be i~nrnediate~y due and payable and shall bear interes~ from the date ~herrot u~~il pe+d at tiu ra~e o! •~~~e per cenr~m pe~ annum and to~ethrr with such interes~ shali Lx secured by the lien 01 thi~ rnortgage. 1. To permit, commit or suffer no waste, impairment ot deter~oretion of sa~d property w any part thereof. S. To pay all and singular the costs, charges and expenses, ~nciuding a reasonabte anwney's fee and cost~ of abstracts of tiHe, incvned w pa~d a~ , any tim.e by sa~d MCRIGAGFE, because or in the event oi the failure on the part of ~he said MORTGAGOR io du~y, prompHy snd fu~ry ~~form, d.scrj~ge ~recure, effect, comp~ere, comply wdh and ab:dz by each and every the stipu~auan, agreemems, cor+ditio.u, and mvenann of sa~d prun;:so~y note a~d th~s mortgage any w a~hrr, and sa:d costs, charges and eapenaes, each artd every, shall be immediately due and paYab:r, whether p not t}+ere be rw~~ce d~ mand, attempt to collect a suit pe~d~ng; and the }vll amouM of each and e~e~y such payment shafl bea. interesf from the dare the~eo+ u~N~ p+~d s~.e ~.,rr o~ nine per cent~m p.,r annu:n; and all sa~d cosn, charges and exp~rsea incurred o~ paid, together wuh s~ch in~erest, shail be secured by the l~cn of tha morigagp. 6. That (a) in thr event of any breach of this Vbrtgage or defau:t on the part of the MORTGAGOR, or (b) in the -evtnt any of sa'd swRS of mont~ t•ereio ~eferred to be ~ot promptiy and fully paid witF~in ~huty (30) days oexf ai~er ~he aa~ne ae~eraf~y become dve a+x! payable, wuhou~ demand w not~ce. cr (cy in the event each and every the stipu:ations, agreements, cond~tions and covenants ot sa.d prom~ssory note and th~s mo~tgage a~y o~ eahe* are not ~~ty, promprly arxf fufly performed, d,schargrd, execut~d, eifected, completed, comp5ed with and ab~ded 5y, tt+en in a~Fxr w a~y wch event the sa~d ag 3-ega~e sum mens~oned in sa~d promissory note then remaining unpaid, with interest accrued, and a:i monevs secu~ed he~eby, sha11 become dx and par- ao~e forthwnh, w thereafter, at the opt~on of said MORiGAGEE, as fully and complefely as if all of the said sums o~ money were or~q~na•~y sr.pu.ated ~o be pa:d on such day, anything in sa:d prom~ssory note o~ in this Mwtgage to the co~~rary noiw+~hsfand~~g; and there~pon o~ thz~eafter a~ tl~e opT:on of sa;d MORTGAGEE, w~thout nor~ce or demand, suit at faw or in equ~ty, thereiore or ~hereafter begvn, may be prosec~ted as if afl moneps utured he*eby n,:d matured pt~w to ~ts ~nstiwtion. 7. That in the evrnt that at the beginn~ng of or at any time pend~ng any su~t upon th~s Mo~tgage, a to faeclox it, o~ to reform it, w to enforce Fayment of any cia~ms here~r.der, said MORTGAGEE shal! apply to the Cour~ havirg jur~sd~t+~on thereof fw the appomtmeot of • Recenre~, suth Co.~n sfad fcrrhwith appoint a receiver of said mortgaged property all and singular, indud•ng ai~ and s+ngu~ar the income, protes, ~ssvcs and rr+en.ie: from wh~te~e+ se~rce derired, each end every of wh~ch, n br+ng expressly undersTOOd, is he~eby mortgaged as ~f speofiaally sef fw~h and desu~ted ir~ fhe y~ant,ry and n,bend~m dauses hereof, ar.d such Recriver sha11 have all ~he broad and effecnve funcnons and powers in anyw~se entrusted by a Cca:rt to a Recei.rr, and s_.h appointment s~.atl be mede by such Cc~rt as an ad:nitted equity and a m.atter of abaolute r.ght ro sa~d MORTGAGEE, and wi~Fw-wt refereRCe to the ad>quacy w inadequacy of the val~e of the property mortgaged or to the so:vrncy or ~nsolventy of sa~d NtOR~GAGpR w the de.'e~dants, and That s:~ch •~~rs, prof~ts, income, issues a~d ~evenues shaii be appiied by such Receiver accord~ng to the lien or equity of u;d 9AORTGAG~E and the pract~ce ot auch Court. 8. To duly, promptly and fu~~y perform, discharge, execute, effect, comp~ete, comply w~th and ab~de by each and every the stipufatiotu, sgreemcn:s, =or.d~tions and covenan~s :n sa~d promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, Eecomes vested in a perso~ athn than tlr_ MORTGAGOR, the : JRTGAGEf, its successors and ass:gns, may, wiihout norice to the :YORTGAOR, deal w~fh such successw w s~ccessor fn interest wnh reEere.+ce to ehia To•~gage and the deu~ hereby secured in the same manner as w~th h;ortgagor w~rlwut in any way vit:ating w d~xharg~ng the Mwegagori liabi:~ty he~r ~cder or upo~ ~he debt hereb~ secured. No sale oF the Fre•nises h~reby mortgaged ar.d no forbearance on the part of the MORiGAGEE o? its successors c. ass~gns and ~o eatens~on of the time for the paymem of the deb+ hereby secured given by the MORTGAGEE o: its s~ccessors w ass:gns, s~aH operate ro re!ease, d:scharge, mod~fy change or affect the orig~nal liau~~ay of the MORTGAGOR herein, either in whole or in part_ 10_ It is spec:ficaEly ag~eed rhat t~me is of the essence of this cororact ar.d that no waiver of any obllgation hereunder w of ttY ob'.igation sr ; c~~red hereby shai~ at any time +hereafrer be he!d to be a wairer of the terms hereof oi of the instrument secured herby. ~ I l. Ir. add t:c~ ro the {ore o n n:onth! a m~nrs of rinc al and interest re u~red 'o fhe rom;sscr no+e sec~~ed h=*rbr, moct a x covenants 9 9 v P Y F P q Y P Y 9 3 ~ ~~.d agrees to pay ro mortgagee w~~h each rr,onsh:y rayroeni an add~r~ona! sum est ~~ated 5~ morfgagee to be equa+ to 1; 12 04 i:-.e an~,;ai cost af she fo~io-rv- I A-A? rea~ property taxes lev~ed or dSiP55,C~ agai•~st thc above descri~d rraf estate. ~ n . ~ p-PI~T.J:i~S on f:re ard v+~ndsram mswa~~.ce as here~n veq~;.ed ro be ca~r~~d on the :mprovemeots s.tuate on tne a5ove desv~~d prem~ses_ C-Pf2~r~iJe~i o~ such mcrtgoge guaranry insura~.:e as mo~tyag•_e shalt frc~r, r~me to t~me deem f~t to carry on the ioan secored herebr_ Mor.gagee sha'r1 `.rcm t~-ne to t~me no:~fy morrgagor ~n w:~e~ng of the amo:,~t due and payab!e hereundrr and sach su~+ shai! ttierev,-~o~ be due and ~ ; 3.able on the d1e da~e of the nexr month!y payment and each success~ve month ihereafr,r urail mcrtg~gee shall nor.fy mortgagor of a change in u:ch ~ _•~u~t. Such surr.s stia:i be ar•pued by mortg~g~_e soward the payment of rea! property taxes, insu~ance prem.ums, and rtwrtgage guaranty inwrarue ~ c.e•niums. . ~N 'sJlTCJE55 :'.HER~OF. the said A50RTGAGOR has hereunto set his hand and saal the ~ay and year first aforesa~d_ ~ S~gned, Sealed and delivered in the presence of: ~ C ~ x ~ ~ (Sean ~ , - ~ _ _ t~o ~ ~ ts~,n ~ - f ~ ~ S1:.TE OF FLORIDA ~ u. ~ ~~UNTY OF ~L11C1~ - ( ~ Jose h C. Piazza a„d Befwe me perso~ally appeared ~ ~ ,loan i~i. p1dZ2d his wi(e, to me weil known a~d kno+~m to me to be ~ rh: ind"+viduals described in and who execufed the foregoing instrument, and acknowtedged befwe R+e that they ezecuted the s~rs~e for the purpoxs ~ rherein expressed. lv.d ttw said_ _ 10dII r. P~ azza ^ .~:{e of the sa~a JQSeph C Piazza , sepa.ate snd p?iwte F.eminas;on by me taken separate and apart from her said husband, acknowledged to and before me that sFx e~cecused said instrurr~it_frlte}r_p~d vo~un- -`r= r~r,ly ar.d wrthout any compvlsion, constraint, apprehens' ? ear of w from her said husbarr.l_ C WITNESS my hand and offiual seal this__-.~(~~ day of A • 1 ';;q~'74 _ - fILEa AHO RECORaEO ~ ST.LUCIE COU1ijY F~~- No~ary Publ~c a~d ior t S~~[e~o^ +at fx~e_ - ROCER POiTRAS ~My Comm~u~on eapires: " ' • ' ~ " ~ ~ ;~F Retum To: CLE4l1~ CIRCUIT C~URT • C`; First Federal Savin~s b loan Associat~on RECORO ~f~iFIEO~- lii+T!IRY F'v'BLC jFTf 0~ FL~~~ L~i~, p{ :o.r P ~--ce. ~ 48 ~ ~,yt. b:Y - CU~' :'iS;,iG!i EX~1@~S JA!!. - 7. 19T7 ~M w ~~oE,s a,r ;,~?a,;.~ ~s.,~ers ?~w~oa ci • • Fort F~erce. Fivricla - - 2'79903 ' V'~ This Instrument Prepared By Richard K. KayeS First Federal Savings & Loan Association F"= of Fort Pierce , Florida. _ _ Checked By ~:~3 ~ so~~226 1113 : ; , .:i _ _ _ _ . _ . . t: