HomeMy WebLinkAbout2656 To placi •nd continuously keep on tix bui!dinqs now a here~iter sir~e~s on sa~d t~nd a~+d o+~ al~ equi~xnem ~nd penon~lly covertd 'by ~his mal~.
egt w~~h all premivms thereon paid in f~ll, fi~e ins~ranc~ m ths wual ttandarJ ~w'ity form, in • sum app~ovsd by IM MOR?GAGEE, and w~nd~torm
inturanc~ in IMa utual ~u:~da~d po~~ty forin, i~ i s~m approved by ~M MORTGAGEE, in wcA tompanY or cOmWniq es 1M MORTGAGEE may
d~redj a+~d all tire +~d w~nd~~orm inauronce po!ic~es on a~y of. sa~d buiid~ngs. ~ny {o~ere~~ ~hor~ir~ w p~rl thereof, in tF+~ afl9re9~~e sum afwesaid or
in eatess Ihereof, thall contain the usual s~andard mortyagas t~ause .w ~uch otlxr c~ause ai tht Mortya3ae m~y requ~t~, m~?inp ths loss u~der sa~d po~i- ,
ues, each and every, payab:e to said h1pRTGAGEE as ~~s ~~~rr~it may appas~, a•:d each and every such po!+cy shall be promptly assg~ed a~~d dehvrred ro
any held by s~~d MORTGAGEE ~s fwther secu~ity ~o said mortyage dabt, and, r+o~ ~ess thao ten (10) days i~ advance of Ihe expirat~on ol each policy, to d~-
I~~er to sa3d MORTGAGEE a renewal ~he~eof, toye~he~ with e rece~p~ fw ~he premi~m o( such renexal; and there shali be r+o f1~e o~ w~~d+eorm iosu?ant~
placed on any of sa~d bu~~d~ngs, any interest theram u parl thereof, unless in ~he form s~ul w~th ~he tou payaole as atore?ud; and in rhe event any sum
of morwy becomes payable under such policy w pol~ueti said MORiGAGEf shall have ~hs optwn ro receive and apply t1» sarr~e a+ +aoum of ~he indrbted~
ness secv~ed horeby ot ~o permit sald MORTGAGORS to receive snd use it or a~y parl th:•reOf Iw ouicr pwnoses, v.~~nout ih.r•~u; wa~+~~~ o~ ~~np~~~-
~r,g any eqviry, I~eo a right under w by virtuc of th~s mo-!9+ge; and in the event sa:d A10RTvAGORS shetl fa any reaton (ail to keep ~hc sa~d p~emisrs so
insured: or fail ro de~irer promplly any of sa~d poLuas of insurance fo sa:d A10RIGAGEE, w fait promptly to pay fully any premium ~hereto~ or in any
respect fail to perfwm, d~siherge, ezecute, e(iec1, cor~p'ete, compty with and ab~de by this cove~aM, w any pa~1 hereof, said MORTGAGEE may plsce and ~
pay fw s~ch insurante or any part thareof w~thoul waiving or aifecting any option, lien, eq~ity, or righ~ u~der o~ by virtue of ~his Mor~gage, a~d tht
f~~!I amo~M oi eech and e.ery such paymeot shall be immediately due and payab:e and shall bear intecesl {rom the date thereof until paid at the rate ol r:'
~~~.e per ceneum per anm~m and to3rther ~vith such in~e~esr shaii br src~n•d by the i:en of this mortgage. ~
1. To permit, commit o~ su(fer no wa:te, impairment or deteriorat~on of said property w any part thereof.
5_ To pay stl and singular tF~e costs, charges and exFenses, includ~~~g a reasonaole al~aney's (ee and tosts of abstrads of title, intvned w paid af
.ny t~me by said ti10R1GAG~E, because or in the event of ~he faii~re o~ the pa~t of the said MORTGAGOR to duly, promptly and fuily par(orm, d~s:harge.
e>ec~te, effect, cemptete, comply wnh and ab:de by each and every the stipulat~ons, agreements, cortditions, and covenants oi uid praniswry note and thi~
no~tgage any w e~rher, and sa:d costs, cbsrges and expenses, each and every, shail be immed~ately due and payable; whether o? not there be notice d~
n,and, a~templ lo cot~ecl w svit penci~ng: and tha full amount of each and every such payment shall bear inte~est hom the da~e thereof until paid at the
r• c~ ni.~ per centum Her e:i~~o:n; a:~d al~ sa~d cos~s, chargrs anci (xpensrS i~xv~red or pa+d, togethe~ w~th such inte:est, shatl be secured by the lien of thi~
mortgage.
b. That (a) in the event of any breach of this Morfgage or deFault on the part ef the MORTGAGOR, or ;b) in the event sny of ta~d s~ms of money
herein refe~red ro be not p~omptly ar.d fu:1y ~a~d .v~thin ~h~~ty (30i day: next a~rer ~he same seve~a!ly beconie due and payable, wi~hout demand or nouce•
or i,c} in the event each and every ~he shpuiations, agreements, condrtions ar.d 'covenanrs ot sa:d promissory note and th~s mortgsge any or either are ~?01
i;:y, prorn~Hy and 1u~'.y perfo~mrd, d,s:harg•~d. axec~~cd, effrctcd, canp;eteJ, comphed wrth a*:d ab~dec! 5y, then in e~ther or any such event the sa~d ag
g-egate sum mznt~oned in sa~d promissory note lhen r~maining unpa~d, w+th inte~e,t acuued, and a:I moneys secu~ed hereby, ihall betoma due and pay _
ab e forthw~th, or thereafie~, at ?hr opt,o~ of sa~c~ htORSGAGEE, as fully ar~d compietely as if atl of Ihe said sums of money were or~ginally stiputated
,o be pa~d on wch dcy, anything in sa.d pro:r~uory note or i~ this hlongage ~o the cc~rrary nor.vi~hs~anding; and thereupon w therea+ter at the optiQn of
n;~ hIORTGAGE:', w~shout not~_e or dPmand, s~it at law or in equity, the.eFo.e or thereatter begvn, may be proseculed as if all moneys setured hereby
n~d matured pr~or lo ~ts inst~tu!ion.
7. T'r~at in tFe evrnt ihat at the beg~nn;ng -~f or at any t;me pend~~~g any su:! upon this Mo~tgage, ot to foreclose it, or to reform it, or to enforce
;:a;meM of any c~aims hereundar, sa~d ~~10RTG:+~_` sha;: opply to the Court ha.~r,g ~u<<sd~ction ~fiereof ior the ~ppo~ntment of a Receiver, such Court shall
rc•r6»ith a;.po~nt a~~:ei.e~ oi s~~d ~co~tgag^d r,re;- ~rty alt and smgvlar, ~nc:~d ny a~~ ar,d aingular the income, profits, issues and revenves from wbatever
s; •,•ce dertved, e~.h a~.-; e,ery of wh.ch, ~r th~ny -.p•ess!y understoed, ~s nereoy r*:o.ry~ged as if speu(icatly set forth snd deieribed in the granting ar.d
i.;6end~m c'auses hereor, and wch Recr~~er shaii 1, ve od the b~ead ar,d effect:ve fu~ict ons and powe's in anyw~se entrusted by a Courl to a Reteiver, and
s_:h appoimmcnt shalt trr n:ade by a~ch Cnurt as a~ adn~ittrd eqc~!y ard a n:atter of absol~te rigM fe said MORTGAGEE, ~nd witFwut teferente fo the
:!_a,~acy or inadrqutcy of the vaiue of the proper~y mor~gaged or te the so•venty or ,nw:vency of saed RAORTGAGOR or the defendants, and that suth
~+s, profits, income, issues and revenues shall be appi~ed by such Rece~ver accord:•~g to tF.e tier. or equity of uid MORiGAGEE and the practice of such
CovCT.
8. To dufy, prcmpt;y and tutly periorm, discharge, execute, effect, completr, co~~pi~ with and abide by each and every the stipulations, agreements,
~;,r:d;!~ens and covenanta ~n s~~d pra{niswry nore and th~s mortgage srt fortn.
9. ihat in the event the ownersh~p of the mortgaged premises, or any pa~t thereof, 6ecomes vested in a pe~son other than the MORTGAGOR, the
:^RT~,,f,GEE, its sutcessors ar,d assigns, may, w~~ho.:t rtorice to ehe S!ORTGL~OR, deal w~th svch successor or succeisor in imeresl w~~h reference to thia ~
~•~gage ar.d the deof hereby secured in the sam.e ma~ner as with L1u~tgagor without in any way vit~ating d d~scharging the Mortgagors' liabilify here-
~;i_r or upon the d~bt hereby secu.ed. ho safe of t!~e Frem~ses hereby mortgaged and no forbearance on the part of the MOR7GAGEE or its successors
c• a~signs and rw exrer.s:on ot the time for rhe paymero of ti~e debt h~reby secured given by the•-lNORiGAGEE or its successors or au;gns, sha11 operate
~c re ease, d:scharge, modify change or affect the or~g~na? IiaL ,~ty of the MOR7GAGOR here~n, either in wfiote or io part.
10. It is spec ficaHy r.greed that t~me is of the essence of tl:;s contracr a~~d that no waiver of any obligation 6ereunder w of the obligaYwn se
c~red h~reby aha!t a! any time th-:reaftrr 4>- he:d to bP a wa~+er of the !erms here~~ or of tFie instrument secured herby.
11 ln aod:t~o~ ro the forcco:n3 ,^onthi•~ pa,m,r.?s o( ,•~~:c pal and interest requi:ed by the promissary no!e secured hereby, mo:tgagor eovenanis
•-d agrces to pa~ to rt.o~tg~gee vL:'h e•+ch mo+„h'y pa~• :e~~t an add~nonal s~•n ~z!:-tared by mortgagee to be eq~al 10 1~12 of the annual cost of the follow-
A-AIl real property taras lev~ea er d15f5SGCi og3:~:st thc ahove desrr~~ed real estate.
g-G:~~:~vms on fire a~d w~r.dsio~:n :ns~.:3cce as ne:e~n req:,:red tc be carried en the Impravements sitvate on the above described premises.
i C-Pre~-•i~ms on s:,cn r~or:~age goar~r,tv icsura~ca as mortgagee sha;7 froT t T.e to terne deem fit to carry on the loan secured hereby.
~ .'lortqa~ee s!:a'+ f~cr*: t~~ne to t~r~t r.O+if; mOrtya?or m vn~nng o' the arro.:nt du~ and payable hereundar and such sum shall thereupon be due and
~ ..;c'e on tha d.~e dy~e of the nex~ ~:ar.thly ua;mrnt an~ each successlve month tnereafler u~:rii mcrtgagee shall notify mo~tyagw of a change in such
! ~_~r.r. Such sums sha'! bE aFp:~ed oy mc+tg3gc= toi.a~d the payment of rea~ p~operry taxes, insurance prem.ums, and mortgage guaranty insurance
i ~ :ums.
~ IN ~'~ITNE~S L4'NEREOF, :ne sa~d 1'AOQTGkGOR has hereunto set his ha~:d and seal the and year ~rst aforesaid. ~
$;gned, Sealed and delivered in the presence of: ~ ' '
` ($~al}
Sea4
- . r,l'!2/~c.a rs~aq
SandYa K. Picano cs~aq
;':,7E OF fLORIOA t ~
St. Lucie _ j
' ;u~.TY Of - -
Befwe rrK personafiy appeared M1Ct11@I .J• P1C8110 e~
Sandra _ K. P1Ca110 his wife, to me well known and known to me to be
e ind~viduais describ~d '+n and who exec~ted the foregang instrumer.t, and acknowtedged before me that they executed the same fw the purposes
-_•~ein expressed. And the sa~d-- Sd[It~lA K. Pi~ano
~e of the sa~d _ MiChdel .1• P1Ca11~ vpon a xparste and prirste
~•;-r, ~at~on by me taken separate and apart from her said husband, ackrw~wledged to and before me ihat she executed saed instrumenf freely and voluo-
i and w~thout any compu;sion, constrair,t, apprehens:on, or ( ar of or from her said husband.
WITtiESS my hand and oifiua! seal th~z____~~ _ day of 'J~e 19 74
~ ~
~ Notary Public in and fw the te of Florida at Larpe
~ My Commiuion expires: 'O . ~1;..1~"!, _
~ Refum To: " 4
~ rirst Federst Savirgs a Loan Assoc~at~on ',1v~~1 b Jf~~
~ ~ j'.
Of Fott ~.erer. ~ ~ ~
~ (+l~, _
Fo+t Pierce, Fla~~d3 FILE9 ANL' P•ECOfIDE~ r1 .
~ ST.IUCtE COUN7Y FU. : . • -
ROGcfi fc~tRAS l ' ~
~ CIERK CI:•CU1T COURT ? ' ~ ! :
~ R~GQP.t*YEu;F~ED " " "{``~y10: ~ ' _
This Instrument Prepared By J. H. Robezts Jz.
~ ~
First Federal Savings 8 loan Association Q 44 ~~T1~ • ~
`
~ of Fort Pierce ~ FloZ idd ' , _ ~
_
Checked By~~ ~~,.~S~j~ .
eoox ~8 PaGE ~65~.
~ ~
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7~ ~
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