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HomeMy WebLinkAbout2879 3. To place and contin~oust~ keep on the bui'd~ngs now o? haeafler ~~~uate on sa~d land and m ali equ~p~*~ent and pc~sw+a~~y co+c~ed br ~~~s ~ sge, with ell premivms ~herron pa,d in fu~l, f~re mwrance in ths ufwl ~tandad po~~cy form, in a tum appro+e~ by tha MOR~GAGFE. v.~'~dsrorm ~nwronce in tM uwal uandard poLcy form, in a wm approvcd by the N10RTGAGEE, in such canpany a compa~~es as rhs M.DitlvAGfE ~++y dlrec~; •nd ~II (iro and wlnJstorm ins„rance po~~cfes on •ny o( sa~d bu~ld~ny~, any inlerest lherein w pan thcreof, in the ap9~c9a~e s.,~* +fucs+.d o~ In ~xce~a ~hereof, shell :ontain ~he usual ttanda~d mortqagee clawa a such othe~ c~auis as the Mortgagee may ~equ~r~. ma?vg ti+e ~oss u~di. sad po::- des, each •nd evcry, payabfe ~o sald MORTGAGEE as ~ti in~eres~ may appear, and each and eve~y iuch potrcy shalt be prompt~Y +aa p~d +^d dt~~+r*~d to any held by said MORTGAGEE as (urther securiry ~o sa~d morlgage drb1, and, nor less than ten (10) days in ~dvsnce o~ ~he eaphat~on of cacti po.:c~. ~a de Gver to iaid MORTGavEE a renewal thercof, togethet with a rece~pt fa the p~emivm of tvch renewal; ar~d ~he~~ shall be ro i.re w+~•nds~c-m ,ns~,rance placed on any of said buildings, any interest therein or pa~1 thereof, unlees in the form and wi+h ~he bss payabk as af«esa~d; +++d in ri+e e•c++t s.,n~ of money kxcomes payable under cuch policy a po~~cies sa~d MORTGAGEE shall have ~he opt~on to rece~~e and app~y ~he san+e o~ ac~w^~ o~ "'d~°t~ ne~s secured hereby or to permit sa~d MORTGAGORS to rece~ve and uss it w any par~ ~hereof for o~her pu~f:JSeS, w.tho.,f ihef~ oi ~ ing any equity, I+en or r~ght under w by virtue of lhis mo:'gage; and i~ the event sa:d MORTGAGORS shsll fw any reason fail to keep tl,e sa:d prcmurs ~o insured, or fail to deliver promptly any of w~d policies of ir.surancr to aa~d MORTGAiaEE, or fa~l promptly to pay fu~1y a~y p~e~*u.,m t~~etor or +n +~y , reapect fail lo pe~(am, discharge, execute, eNec1, complete, comply wi~h ~nd abide by this covcnanf, or any part hrreot, sad MG2it',AGEE m+y P.xe aro pey fw such in~urance or any part thereof wi~hout waiving w affecting any option, lien, equ~ty. w r~gM unde+ a b~ v~rtue of ih+s Mat9~ge• ~+d ~he full amounl oi each and every such payment shall be imm~diately due and payable and sfiall bear inferest from the date thcreoi w++~l W+d +t the rare ol nine per centum per annum and to~rthe~ with such interest shall tx secured by the lien of tha matgage. To permit, commit or sutfrr ~o waste, impairment a deterioration of ssid property w any paA thereof. 5. To pay all and singula? ~he costs, charges and exprnsea, inctuding a reasonable attaney'a fee and coats of abs+racrs ot t~t:e, incuned w p+~d as eny time by said MOR~GAGfE, becauu or in the event of the failure on ~he par~ o( the sa~d MORTGAGOR to duly, promptiy and fu:ly pe.for.n, d=sc~srge eae:ute, ef(ecf, complete, co~+~pfy wuh and ab:de by each and every the st~pulat~ons, agreemen», conditiau, and cove~+ann of sad prom~ssory note a*+d ~r•s mor!gage any or eithcv, and sa:d cos~s, charges and eapenses, each and every, shall be immediately dve and payable; whefher w nd +~+ere be no+.ce d- mand, attempt ro tollect w suit pending; and the tull amount of each and every such paymeN shaU bea~ iotercst from the date thercof unril paid at rft r~te o; nine per cent~m per annum; anc' all said costs, tharges and expenses incurred a paid, togdher wah such ~mtrest, shall be secured by the i.zn of tha morlgage. b. That (a) in the event of any breach of this Mo~tgage o~ default on the part of the MORTGAGOR, w(b) in the ev~nt a++Y of sa~d su'ns of money he~ei~ referred to be not praTptly and fully paid wirhin th,rty (30) days neat after the same se~erally becortK due and pay361e, without deerund or not~ce. or (c) in the event each and every ~he s~ipulatlons, agreemems, cond~tioos and coveriiwts of sa:d promluory note snd th:s mo.tga9e anp w e.?he+ are no1 ~uly, promptly and fully performed, d~scharged, executed, eifected, compkted, compi~ed w~~h and ab~ded 5y, thm in e~ther or any such evem the s+.d +Q ~regate sum mentioned in said promisswy note the~ remaining unpaid, with interes~ accrued, and all monrys secured her~by, shall become dae snd p~t abie forthwith, or thereafier, a1 ~he opt~on of said MORTGAGEE, as tul~y and compleuly as if sll of the sa~d sums of nwney r?tre ag~na.tr u p.~:ated ro be pa~d on such day, anything in sa:d prom~ssory note or in ~his Mortgage to the contrary no?withstand~ng; and therei.po~ w thereafte~ at tAe o~wn of s~:d MORiGAGEE, w~thout no~~cr or demand, suit at law or in equity, therefore w thereaf?er begun, may be prosecu~ed u if all aaneps secwed hneby , r_d maturtd p+~or to ds institution. 7. That in the event rhat at fhe beginntng oi or at any time pe~d~ng any su~t upon rhis Nb~fgage, o~ to forecbse it, o~ ta rcfwm it, p/0 MfMt! payment of any daims hereunder, said MORTGAGEE shall apply to the Court having ju~~sd~cdon thrreof for the appointment of i RKlivN, wch Cr~x~ sha~i fo~thwith appoint a receiver of said mortgaged property all and singular, includ~~g aIl and singular the intome, prol.ts, issues and revenues from whatrrer s~urce dr~ived, each and every of which, rt being expressty understeod, is hereby mor~gaqed as if speuficalty ut fortfi and described in the ~+rt*u+g ~nd habendum clauses hereof, and wch Receiver shail have ali the broad and effective funcf~o~s and powen in anywiu ennusred by a Cou*t to a Rccr~~e~, a~d s.ch appointment shall be made by such Court as an admittrd equity and a matter of absotute ~igM to said MORTGAGEE, sod witbcu~ reference fo tFr ndequacy or inadequacy of the value of the p~operty mortgaged or to the savency or msoivency o1 said ARORiGAGOR o~ the deiendann, a~+d sh,~ s:.ch re~~s, profits, income, iasues and revenues shall be applied by such Receiver accord~ng to the lien or equity of said MOitTGAGfE and the prsct;c~ of such Coutt. 8. To duty, promptly and fu11y perform, d~scha~ge, eaecute, eftect, complete, comply w~th and a5ide by each and every tAe st:pu:arions ~g.e~ments. ;onditions and covenants in sa~d promissory note and th~s mwtgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in s ptrson other tha~ the JMORTGAGOit, tf+e :'.ORTGAGEE, its succe:sors and asstgns, may, wiihout notice to the NtORTGAOR, deal w~~h svch successw or successor in imerest w~~h re`.ere*+ce to t?~a r- ortgage and the debt hereby sewred in the same man~er as wiih Mortgagor w~thovt in any way vit~atirg a d~scharg~~g the IVbrt9a9ws' liaa:~ty F~rr under or upon the debt hereby secured_ No sale of the premises hereby mo~tgaged and no forbearsncr on the pan of ttK ~JK3RTGAGfE or irs s.~ccessors or assigns and no extension of the time fo~ the paymem of the debt hereby secured given by tlx MORTGAGEE o¦ its successors or ass~grss, a:rli ope:ate !o re!ease, d~xharge, modify change or affect the original liab~t~ty of the MORTGAGOR here~n, either in whole a in part. 10. It is speufically ~greed that time is of the esser.ce of this contract and that no waiver of any obl~gation hereunder or of the ob:igat:en sr cvred hereby shalf at any time thereafter be held to be a wai+er of the terms hereof or of the instrument secured herby. 11. In add tio~ to the forego ng month!y paym_nts of prinCpal and inr~~~est requ~red by the p~om:ssory no•e sxured he*eb~. ~-.~aga. com.ants ~ ~r.d agrees to pay to mortgagee v.ith each mcnth?y pay~nem an add~rional sum est~rrated by mortgagee to be equal to 1;' i2 ef the annual cost of the fa+ovr- i n~: ~ A-Atl real property taxes levied or assesse:d agai•~st thc above described real estate_ ~ B-Prem.fums on f~re and w~ndsrorm fnsurar,ce as herein requ~red to be ca*ried on the improvemeats s:tuntr on the above desc-~bed prrm:ses. ~ C-Premiums on wch mortgage guaranty ir.sura~ce as moftgagee sha~l from time to time deem fit to tarry on the 3oan secvred heieby_ 't i Alortgagee shall from ~ime to time notify mortgagor in writing of the a~no~nt due and payable hereundrr and wch surn shali ti~ere~.•po~ be dcx arsd ~ ~ 3yable on the due cfate of the r.ext month:y payment and each successive month thereaftcr ur,til mortgagee shall notify mortgagor of a cha~ye in s;r_h ~ a^~ount. Such sums shaii be app!ied by mortgagee tovvard the payment of real property taxez, insurance p~em:ums, a:x! mwtgege g~a*u+ty :aw~ance € p•emiums. t IN WITNESS :4HEREOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day and year firs~ fwesaid. ~ Sgned, Seated and detivered in the presence of: ? ~ ? e - n ~ - witnesses ~ . _ _ ~ = e uca ~ - i.c-c ` ~ STATE OF FLORIDA 1 couNrr oF St . Luc i e j~" ~ eefwe me personally appeared limh~rtu DeLuca ~ ~ ~ rat I DeLuca hK wife, to me well known and known to me a be ~ the individuals dezcribed in and who executed the foregoing instrument, and acknowiedged befwe me that they e:ecused the ssme fo~ the purposes 4' ~ rherein exp~essed. And the said p`Zt I. DeLuca :~~fe of the said tmberto DeLuca vpo~ a separa~e sod priva+e ~ examination by me taken separate and apart from her said husband, atknowledged to and before me that she exewted said instrurnent freely and votun- ' rarily and without any cornpulsion, constraint, apprehens~on, or fear of or from her said husband. ~ WITNESS my haod and officiat saal this day of A-ril ~~t~J_ •I~.'~ _ ~ w- • K7v~~V . - ~ '_~~.a!~~~ ~ ~ ~ ; Notary Public in and for the Stste of i]Qne~.M (~r~f ~~3';~-- r ?•a ; My Commission acpires: : 'jY= ':i Retum To: . ~ --x Firsf federa! Savings 6 Loan Associat~on ' ~,~V 3~i' c:....... . - a r- Of fort P.erte. Mt ti' . ~ ~3. ~~y • - +v : _ tl~h~~;~ 1...._ • s Fort Fierce. Florida '•~~s~r-_. ~-'3~er~~ ~..!".,C .7~ ~ ~•y v•~- ~ ~i ~{'~Li.~i_~-~-~' ~ F_ t ,s~ ~ ! ~ This Instrument Prepared By Zic-hdrei i:. KayE~F~~Ep ~M~ ~EN~a~i~. ~,r '4j First Federal Savings 8~ loan Aswciation st_~pCIE ~4~ 1 ~ pp~SR~S '4 of Fort Pierce I'lori_cia a~~~~~~-~ 1? COUAS - ; ~ ~~EA1C ~ • ;•f r' pEGOar, Checked By ~ ~ w' Z ~ 10 02 ~ ~ M ;~~5 ~~~~~2877 p~ ~?~s - ~C(. . ~ ~ , ~ - , _ i~,x.,:,. y ~ > ~ .3' 'v _ _ _ ~ . . ~ . . , . - - ~ r-~ .