HomeMy WebLinkAbout0892 3. To placa and continuously kcep on fhe bu~•d~~gs now w heroaite~ a'rtuate on sa~d land and on all equip~nen? ar+d pe?sonally covered by thia mwt¢
ege, wi~h all p~emivms the~ew~ pa~d in iufl, iire i~suronce in ~he uiual ata~ard policy torm, in"a ium app~oved by 1he MOR(GAGEE, and w~nds~orm
~nsursnc~ in ~hs ~susl standard pol~cy form, in a a~~m approved by tM MORIGAGEE, in wch company w comPan~es +s tM MORTGAGEE m+y
d~rettj and all (ire •nd w~ndsrorm iasu~arc~ poGcdes on any of said build~~+gs, any i~teras~ tFxrein or part ~hereof, in 1he agyregat~ sum a(u~sa~d Or
in excess thereof, ihall cw+tain 1he usual standard mor~gagee cla~se w suc~ otha devse as ~M Mortgagee may iequ~ro, makin~ ths bss und~r saw! poti~
ues, each and every, payable ro taid MORTGAGEE aa ~fs inee~~•s~ may appear, and each and every such poiicy shall be prompHY ass.gned and detivered to
any held by ssid MORTGAGEE as further security to seid mo~~9age debt, and, not !eu ~han ~en (10) days in advance of the expiration ol each policy, to dr ; J.~
I;ve~ ~o said MORiGAGEE a renewal thereof, toge~her with a reteipt ior the p~rmium ol such renewal; and there shall bs ~+o fire or winds~orm insu?a~te
plac~d on iny oi said buildingf, any inte~esl there~n or part thereof, unless i~ the form and with the loss payabte as aforesaid; and in the event any sum „
of money becomes payabk under such policy w pol~cies sa~d MORiGAGEE shall have the op?~on to receive and spply the same on +ccouro of tM i~debted- ~
neas secured hereby w to pe~m~t said MORTGAGORS to rcceive and use it or any part tiirrcof fo~ omer purposei, w~~~~uui thrr.ur wai~i~~g o~ ~mpair-
ing any equity, iien w rfght unda~ or by virtue of ~his moc•gage; and in the eveM sa~d MpRTGAGORS shall fo? any reason fail to keep the ~a~d p?emisrs so ~
msured, or fail to dellve~ promptly a~y oE said poGcies of inswance to said MORiGAGEE, or feil promptly to pay fully any premium therelw w in any
respect fail to perform, d:scharge, executc, e~fect, comple+e, compiy with and abide by ihis covenant, o~ any part hereof, said MORTGAGfE may pl~ce and
pay (w such insu~ence or any part Ihereof without waiving or affecting any option, lien, equ:ty, or ri~ht undw w by virtue of lhis Mortgage, and tht ~
t~l! amoun~ of each and eve+y such payment shall be immediately due ar~d payabte a~d shall bear interrst fiom tho date thereof until puid at the rate o1
~~~ne pe~ centum per annum ar.d io~ether with wch inrerest sha~i be sec~red by the ~ien of this mafgage• .r. '
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4. To permit, commit w sutfer no waste, impairment or deterioraticn of said properry or sny part thereof.
5. To pay all and singular the costs, charges and expenses, includ~ng a reasonable aito~ney's fee and costs of abst~acts of titte, incur~ed a paid at
any ~ime by sa~d MORIGAG'E, becau~e or the event of the fa:lure o~ ihe part of ~he iaid MORTGAGOR to duly, promptly snd fully pe~form, d~xharge.
~~ecute, ef(ect, canpte~e, comply w~~h ar+d ab:de by eath and every the snpulanons, agreements, conditions, and covenaMS of said promissory note a~d this
rrortgage any or either, ar.d sa d costs, chsrges and eapenses, each and every, sha11 be im~nrd~atrly due and payab!e; whethe~ w not there be notice de
mand, attempf to coL'ett or suit pend~ng; aru! the fuD amount oF each and eve+y such payment shall bea. interest (rom the data thereof until p~id at tht
~~!e of nine per can:u~n Ner an~~urn; and a~l sa~d cos~s, charges a•~d exxnses ~ncu~rrd or paid, together w~th such interest, shall be secured by Ihe lien of thit
mortgage.
6. Tha~ {a) in the event of any breach of this Mor+gage or default o~ the part of the MORTGAGOR, or (b) in the event sny of said sums of money
herein referred to be not prort~ptly artd iully paid within ~hi.ty 13~1 days ner.~ aite~ the sanx severatly become dve and payable, without demand w notice,
c~ !c) in the event each and every the stipuiatio~s, agreemen~s. conditio~~s and covenants of sa.d prumiswry note and th~a mortgaye any or eithei are no1
,+uiy, promptly and fully pe~formed, d•scfia~ged, executed, effected: completed, compfied w~th and abided 5y, then ~n either w any such eveN the said ag
~~~gate sum mentioned in sa~d prom~uory nose then remainirtg unpaid, with in:e~est acczued, and a~l moneys secured heteby, sha~l becwne due and pay-
ac,a forthw~th, a thereaiter, at 1he option oi so;d MORiGAGEE. as fully and canpietc~y as if all oi ti~r said sums of money were orlgindly stipuiated
to be pa~d en such dey, tnything in sa:d pro:nissory note or in this Mortgaae to tne conrrary notwithstanding; ar.d thereupon or thereattet st the oplion oi
s,;d MORiGAGEE, w~N,uut not:ce or demar.d, sun at ta~v or in equiry, therefore cr thereeiie~ beyun, may be prosecuted as if al) moneys secured hereby
!+:d nwtu~ft~ pt~Or t0 ~is insldutiOn.
7. Thaf in the event that at the beg~nn:ny of or at any t;me pznd:ng any su•t upon this Mortgage, or fo foreclose it, w b reform it, o~ to enfwte
;ayment o! any c~a~ms he~eunder, seid h10RTGAvEL shah apply ro thr Covrt ha:~~~g ~un;d.crion thereot tor the appoinlment of s Receiver, tvch Covrt shall
t^.vith appo+nt a re.-eiver of said mortgaged prc;.<•ty ail and =ir.gular. ir.t~vd:ng ait and s~ngular the intome, p/o}+ts, isSUet and revenves ~rom whatever
s:-_rce denved, each and every of wh.ch, rt be~nq exuress~y vzde~stood. is her_~y mor*a~ged as ii spec~fically set fwth and described in the gran?irig and
}+oendum tiauses hereoi, and such Rxaiver shalt ha~e al! the broad and eFtect;~e (u^c! c~.s and powers in anywise entrvsted by a Courl tp a Receiver, and
s_ ~h appointment shall be n;ade by such Covrt as an admitted eqvi:y and a marter oi a!,~sot~te r~yht to said MORTGAGEE, artd wifhout reference Io the
ec:c-qvacy w inadeq~acy of the value of rhe preperty mortgaged or to the so.vency or ~n<_wvenc~ of sa~d MORTGAGOR w th~ defendants, and that such
~~+s, profits, income, iss~es and revenv~s sha~l be applied by wch Recaiver acmrdu~g ~o the tien or equ~ty of wid MORTGAGEE and the p?actice of sucb
Court.
8. To du1y, pr~mpt!y and fu!!y perform, discharge, exec~te, ef}eU, complete, cc~ncl~ with and abide by each and every the stipulations, agreemems,
,:;:ditions and covenanrs in sa~d promisswy note and :bs mo~rgaye set fo:th.
9_ That in the event fhe o,tinerzn~p of the mortgaged pren,ises, or any part thereof, becomes vested in a perwn other than the MORTGAGOR, the
1^QTGAvEf, in su:cessors ar.d ess~gns, nay, wi~hovt net~ce to t!~e MORTGAOR, deal w+~h s~ch successor or wccessor in interest with reference to this
n,u•ryage ar.d the debt I:erzby secured in the sam? manner as .v~th l.tpr~gago. w~thout in any way vitiating or discharging the Mo~tgagors' liability herr
~~d_r or upon the debr nerebl sec~red. No sa!e of ~t~e Fre~,ises h~reby ~nortgaged and no farbearance on the part oi the MORTGAGEE w its successors
c~ assigns and ~o exrer•s~on of ihe f~me for nc~ paym.ent of the debt h••ret~y secured given by the fJ10RTGAGfE or its successors or asa~gns, shall optrste
~o n, ease, d,scharge, mud~fy char.ge er aifect the er;g~nai iiac~i:ty oi the N.QRTGAGOR lie~ein, either io who~e or in part. -
10. It is speuficaliy agrred that time is of t}~? essence cf tFus contract and that no waiver of any obligat~on hereunder or of the obligation ar
:vred heieby shali at any ti:ne ~hereatter be he?d to be a wa~re~ of the !erms hereof or of the instrument secured herby.
11. In atid•t:oi to tne forego ng momh.y esayrr_nts oF princ pal and ir.!r:es~ required by the prom:ssory no!e sec~red hereby, rreortgago: eovenants
ag.ees to pay to morrga5ee vv~th each rt-on+hly pay~.~ent ~n add6Gonal sum en'~~:aed by mortgagee to be equal ro Ij~12 of the annual cost of ihe follow-
A-All rea! properry raxrs le~ned or assess^d ag.3i•~st the above descrihcd real evate.
~ B-P:e~. :.~~-s on i:re and w;ndstonn [nsu~ar.CE as ne•e~n rcGu:red ro be carried o~ the [mprovements s~tuate on the above described premises.
i C-PfG~niUmS on such n~ortgage g,,a+,~ety inwra~.Ce as mo~r3agee sf:ati fro~~*: t~me to ti~r.e d>em fit to tarry on the loan secured hereby.
~ N.ongagee sh,!' !rom t~m.e to t:•r.e nos~f~ mo•rgago- +n wntmq ~i the amount due a~d payable hereunder and such sum shall thereupon be due and
; ..::o'e on the d~> ciat> oi ~he next ~~onthiy payment and e:ch successive ~on~h t'~ereafter untii mort a ee shall notify mortgagor of a change in such
~
.wm. $uch svms sha!! ue appiied by mortgag~_e toward the payment of real property taze nsu?ance 'ums, a~ ortgage guaranty insurante
` .rerr.~~~ms. .
~ Y~ITNE55 V~HER~Of the said M.ORiGAGOR has hcreunto set his har.d and seal the ay nd ye r st i.- ~
, Seal a del" ered ' e presence of:
al)
- . R ert;J. en ~ ~ ~
~ lL.,t~~ . ~ d ~ 4
Diane S. Catenaci r~aq
;'A7E OF FIORIDA 1
St Lucie }
' v'~TY Cf I
Before me personatfy appeared Robert .1. Catenaei j~
fliane S Catenaci his w~ie, to me well known and known to me to be
th_ individuals described in and wFw executed the foregang inftrument, snd acknowledged before me that they executed the same for the purposes
m expressed. Md the said ~iane Catenaci
~i._.o- ~
.:'~e of the said RObert J_Catenaci vpon a separate aod private
.~n:~nat~on by me taken separate and apart irom her said husband, ackrx~wledged to and before me that she execWed said instrumeni frcely snd volun-
~ a• iy and w~thovt any compulsan, cor.straint, appreh ns~o , or fear of or from her said husband.
~ WIiNESS my hand and oi(ic~al seal this--~~~" dey - JllIIe . A. D. t9 74
. •
Notary Public in end or the ate of F da d Large
~
My Commission expires:
Return To: ~ `
~ rirst federal Savings S loan Asso:iat;on . _
Of Fprt P.r_rce. " }"Y'.. . •
~ t LEO e.++h rEC~RDE4
Fort Pierce. Flo~ida i}.~CI~ C~V~1tY fLA• ~ ~-'~a.
~ RGGE~ Pu~'tHAS ~L ~,.,,t:iu,.~.
CLER/. C: ..,UtT CCURT ~ . S J~r
qE~OF~ ~~~1~Fi~0...~~ • it .~t •
~ ;
' This Instrument Prepared By John Iti. Collir~s ' 3~ ~~1~ :..t; o r,~ R.~ %
~ First Federal Savings 8~ loan Association ~ • r~;~r
~ of Fort Pierce , F lor i da a d ti
~~~~~e
Checked By ~ ~8~8~4 L I :
o,'•.;"-.;. . ' ,'4 ,
~ . .
1~o
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