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To pisc~ and continuously keep on ~he bu~'d~ng~ now a hereaiter situa~~ on ta~d land ~nd on ali equ~pmen~ a~d personally covered by Ihis matp- ~gs, w~th •11 promiumi thereon pa~d in full, fi~e ine~rance ~n ~he usua~ uarxlard policy Form, in a ~um approved by the MORiGAGEE, anJ wind~to~m ' ~ insura~c~ in ~F?~ uiual srandard pol.cy fwm, in ~ sum approvsd by ~he MO~TGAGEE, in wch company o~ canp+n~es at the MORiGAGEE may ; dirKtj and all fi~~ and w~nds~orm inivront~ policies on •ny of ~aid buiW~nps, any intar~sl therein or part Ihereoi, in the a9flreqate tum afo~esaid a In ~xca~ ~hereof, ihall coniain the uwal it~~dud ma~gagee clsuse w such o~ha claus~ as th~ Mwtpagee may requ~re, m+kirp tM loss uncler •a~d po~r ? cias, each and eve~y, payable lo said MORTGAGEE a• ~ti in~erest may appea~, ~nd each ~nd every •uch poi~cy shall be p?omptly asa g~ed and deGve~rd ~o •ny held by said MORTGAGEE ss funher security to said matyage debt. and, not leu th~n ~en (10) days in advan.e of the expiration of each pol~cy, to de- ~ liver to uid MORTGAGEE a renewal thereof, toyeiha wi~h a reteipt fw the premivm of such renewal; and there thatl be no tue o~ winda~or~~ insuranc~ plscetl on ~ny of uid kwildingi. ~ny interest there~n a part thereoi, unless in tM (orm and wifh ~M loss payable as aiuesaid; and in the event any sum of mon~y bccamet payabta unde~ tuch poticy a polkies said MORTGAGEE shall haw ~he option to receive and apply the fame on atcount o( Ihe indaatrd- . neu setured hereby a ro permit iaid MORTGAGORS 1o reteive and vse it o~ any part tAereof ia otnc~ pwposrs, w~~hout ~h_~cbt wa~vn~g c~ ~~>>Pd~~- in~ any equity, lien w right under a by virtue of this mo:sgsge; ~nd in the event sa~d MORTGAGORS ~hall fa any reason fail to keep the said p~emisra so- ~ _ insu?ed, or fail to deliver promptly sny of ia~d polKies of inwrance to sa~d MORTGAGEE, a fail promptty ~o pay fully any p~e~~~um therefw w in any respect fail ro per(am, d~scharge, exetute, eifec~, complete, comply with and sbide by this covenant, w any par~ he~eof, said MORiGAGEE may p~ace a~~d + pay for such insurance or eny parl tMreof without wsiving w affecting any option, lien, equity, o~ righl under a by virtue of Ihia Matgage, and tht . full ~mount o( each and every such payment shalt be immediately due and payable and ahall bear interesf from the date lhereof u~til paid at the rate ol nine pe~ ce~tum per annum and to~ether with suth interest shall be secured by 1he lien Of this rtwrlgage. To permit, commit or suffe~ oo waste, impairmenl or deter~oration of sa~d prope~ty or any part thereof. ~ S. To pay +11 and singuiu ths costs, charges and expe~xs, including a reasonable attwney i fce and costs of abstrads of title, incurred or paid a? any time by wid MORTGAGfE, because a in the event of the failure on the part of the said MORiGAGOR to ou1y, promptly and fu~~y perform, d~scharg~, execu~e, etfect, complete, comp~y w~1h and ab:de by each and every the st7pvlatwns, sgreements, conditions, and mve~ants o( sa~d promiswry note and thii mo~tgage any w either, and sa:d cosn, chsrges ~nd expenses, each and every, thall be immediately d~e and payable; whether or not there be nor~ce da mand, anempt ro coflM or suit pend~ng; and the full amo~nt of each snd every such paymem shall bea. interest from the da~e thcreot until paid at the r~te oI nine per crnwm per anuurn; and a~l sa~d costs, charges and expenses inturred a paid, 1oge~t~ w~th suth interesl, ~hall be setured by the Iien oi thii ~ morlgagl. t 6. TMt (s) in the event of any breach of this Mwtgsge or default on the part of the MORTGAGOR, w(b) in the eve~t any of ss~d sums of money j herein refe?red to be not promptly and f~lly paid wilhin th~rty (301 days ~ex~ after the same severatly become due and payabte, without demand w notice, or (c) i~ the eveM cach and every the stipula~ions, agreements, conditlo~s and covenants o1 u~d promissory note and th~s mortgage any w either are not ~uly, promptly and fuily pertamed, d~scharged, executed, eifected, completed, complied wi~h and ab~ded Sy, then in either w any such event the w~d ag g~egate sum mentaned in said prom~ssory note then rema~ning unpa~d, with in~erest accrved, and all moneys secured hereby, shall become due and p~y able forthwith, w therea(ter, at the option of said MORTGAGEE, as fully and comple~ely as ii a~l of the said sums of money were orginslly stiputated to be paid on such day, anything in sa:d prom~ssory note or in ehis Mortgage to the comrary rsotwithstanding; and there~po~ or thereafter at the op?ion of sa;d MORTGAGEE, without notice or demand, suit at law or in equity, therefwe w thereafter begun, may bt prosecuted as if all mo~eys secured hereby h~d matured pnor to its inslitution. 7. That in the evenl that at the beg~nning of or at any time pending any su~t ~po~ this Mortgage, w to faeclose it, w to retorm it, or to enforce paymeM of any claims hereunder, said MORTGAGEE shall appty to the ~ourt having jurisd~uion thereof fw the ~ppo~ntment of a Receiver, such Court shatl forthwitA appoint a receiver of said mortgaged property all and singular, includ~~g aIl a~d singular the income, p~ol~ts, iuues am~ revenues from whateve~ source derived, each and every of whrch, it being expresaly under:tood, is he.eby mor~gaged as if speciiically set fath and dewibed in the g~anting and habendum clauses hereof, and such Receiver shall have all the broad and efiect~ve funct~ons and powers in anyw~se entrusted by a Court to a Receiver, a~d s~ch appoi~tment shall be made by such Cou~t as an admitted equ~ty and a matte~ of absolute rgAt to said MORTGAGEE, and wltfr~ut reference to the edequaty w inadequacy of the vafue of the property mortgaged w to the so~venq w inwlvency of said MORiGAGJR a the defendants, and that svch rents, profits, income, iuues and revenues shall be applied by such Receiver accord~ng to the Iien w equity of said MORiGAGEE and the practice of such Court. 8_ To duly, promptly and fully periwm, diuharge, execute, efiev, complete, comply with and abide by each and every the stipulations, agreements, cunditans and covenants in sa~d promissory note and this mortgage set forth_ 9. That in the event the ownership of the mortgaged premises, w any pa~t thc~eof, becomes vested in a pe?son other than the MORTGAGOR, the h'.ORTGAGEE, its successws ar.d assigns, may, without notice to the MORTGAOR, deat with such successw or successor in interest with reference to this n:ortqage and the debt hereby secured in the same manner as wirh Mortgagw without in any way vitiating or dixharging the Mortgagori liability here- ~nder w upon the debt hereby secured. No sate of the premises hereby morlgaged ar+d no forbearance o~ the part of the IAORTGAGEE or its successon or assgns and no eatension of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its successots w assigns, ahall operate ro releax, dfxharge, modify change or affect the original liability of the MORTGAGOR herein, either in whole w in part. 10. It i,~ specificatly agreed that time is of the essence of this contract and that no waiver of any obligation he~eunder a of the obligatiun sr { cvred hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrumeM secured herby. ~ 11. In add~tio~ to the iorego:ng monthly payments of princ'pal and interest required by the prom~ssory nore secured hereby, mortgagor covenants ~ and agrees to pay to mo:tgagee with each monfhly payrnent an add~rional sum est~ma~ed by mortgagee to be equal to :/12 of the annval cost of the follow- ~ n~: ~ A-All real property taxes levied or assessed aqai~at :hc above described real estate. + B-premiums on fire and windstorm ~nsurance as herein req~~red to be carried on the improveme~ts situate on the above dascribed premises. & t ~ C-Premi~ms on such mortgage guaranty insurar~ce as mortgagee shall from t~me to time deem fit to carry on the ban secured hereby. ~ Mortgagee shatl from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due snd ~ ~ayable on the d~e date of the next mo~thiy payment and each successive month thereafter ur,til mortgagee shall noti(y mortgagor of a change in such ~ a ro~nt. Such sums sF.all be applied by mortgagee toward the payment of real preperty taxes, insurance pre~:ums, a~xl mortgage guaranty insurance ~ premiums. ~ ITNESS ~HER , t~RT AGOR has hereunto set his hand and seal the dny and year first aforesaid. ~ an elivtre th sence of: al) ~ eter M. Cioff i ~,q ~ _ - , , ~ i. (Sea~ ~ - i en L. Cioff i ~~,p ~ - ~ STATE OF FLORIDA ; ~ $t . LLiCl@ ~ SS. ~ COUNTY OF ; Befue me personally appeared Peter M. Cioffi and j Karen L. Cioffi his wife, to me well known and known to me to be ~ the individuals described in and who executed the forego:ng instrumeM, and acknowledged before me ihat they executed the same fw the purposa ~ Karan L. Cioffi therein expressed. And the wid „vife of the said Peter M. Cioffi upon a separate and priv~te exam~nation by me taken separate and apart from her said husband, ackrawledged to and before me that she executed said instrument freely and voluo- ! rari~y and without any compu~sion, constraiM, apprehens~on,~ w fear of or from her said husband. ' ~ A ril 74 i = WITNE55 my hand and offiual seal this ~ y~~ day of p A. D. 19 _ ~ Notary Public in and for the S t of F{orida et Large _ _ My Commission expires: ~ ~ 1 ~ ...i ~ Retum To: ~ ~ '5'~ first federal Savings a loan Associat~on ~i~b~~ " Of Fort P;er[?. ;1/ ~ ~~~i~ • i Fo~t Pierce. Florida FILEO AytT RECORpEO ~ r~ ST_ lUC1E COUNTr flA. • cA''' ~t - , ROCE? ?OtTRAS ' 9 ~ w. . • CLFP.K C~f CUIT COURT ' : ' RECOR:' YEi'~r1E~ - r G;• - : _ 2',=3 This Mstrument Prepared By Joe Fo=be s ~ t. .y = First Federal Savin s 8 Loan Association Y.,, 2f 171.~ ' of Fo -Pierce, Rlorida l~U ~ i I o4 AN , ~ , , , ^ , . ~ti,_Y 28~~48 ' Checked By , . ~ . . • • ' ~ R 226 ~~~6~3 ~y~ o@~ ~ _ _ ~ _ , - - - _ ~ _ . . ~ ~ ~ . : . r ~ . _