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HomeMy WebLinkAbout2492 To pl~ce and continuously keep on ~he bvi!d~ngs now w herraf~e? •itu+t~ on sa~d land +nd on equiP^u^~ e^d Wrwnalty eovered bY rT+~~9' with ~II p~emiums fhcrcon pa:d in full, f~re iniura+xe in ~he usual trandard poiicy form, in ~ fum approved by ~he MORIGAGEE, and w~ndstam ins~n~c~ in IM usuai •~and+rd pol~cy (am, in a ~urp approved by tl+~ MORiGAGEf. in ~ucA comp+~Y or cwr+paniei ai ~h~ MORiGAGEE may dir~ttt and ~II (ire +nd wi~dstorm inturonce policies on any of uid build~nps, any inters~t therein w part ~hereof, in IM +9gregate ium afwesaid or In ~xcess Ihereof, iMll contain the usual alandard ma~9s9e~ dause w~uch oiha c~+us~ a~ /M Mort9sge~ m+Y ~e9u~~~• makinq ?he lois unde~ sa~d pol~ cies, e~ch and every, payabl~ to said MORTGAGEE af its inrerasl may appear, •nd each and eve~y such po~:cy ~nall be pranpf~Y +u 9^ed and delivered ~o •ny held by said MORiGAGEE as fv~the~ security ro taid mortysge debt, and, not lea~ than ten 1101 days in adrance of the expira~~on of esch pol~cy, to d~- Gwr to said MORTGAGEE • re~ewai thereof, toyetMr with a reteipt fw the prfmivm of tuch renewal; and 1he~~ ahall be no fire o~ windstorm insurante ' plac~d on +~y o( taid buildings. any inters~t ths«in a~»rt thereof. unl~ss in the twm and wi~h tM tosi paYable ai afwesaid: +nd in the evenl any ium ; of money becom~s payable unda such policy o~ policie~ ~+fd MORTGAGEE shall Mve the opt~on to rece~va and ~pply tF?e ume a? +uount of the indebfed~ f new secured Ixreby a ro permit said MORTGAGORS to retei~e and use it ot eny parl thereof for othcr purposes, w~thout thercu~ waiv~~~g o~ u~~P+~~- i ;n~ any pv;ty, I;en or right under ar by virtue o1 this moreyage; ~nd in tF?e event iaid MORTGAGORS shall for any reaso~ 1ai1 fo keep 1he aa~d p~em~sas so \ insured, w f~il to delivm p~o~+ptly any of said polities of insurance to said MORiGAGEE, w fail promptiy fo pay fuily any pre~nium therefw or in a~y reipect lail ro patwm, d~uhsrge, ~xecute, effect, comP~tte. complY with +nd abid~ by this covenent, w any part hereof, ~aid MORTGAGEE may p~+ce a~~d pay for suth insuranc~ w ~ny parl thaeof without waivinq a~ftatti~?p any oplio~. lien. equity, o~ right under a by virlw ol Ihis Mat9age. •nd tht fvtl ~inovnl oI each ~nd every such paymeM shall b~ immediately dw ~nd p~Yable snd sh~11 bea? interest from tM dat~ thereof ~mi1 paid at the rate ot nine per tentum pK annum and to3ether with such interast shail be secured by the lien of this mottgag~. I. To permit, commit a suffer no waste, fmpairmem or deteriorat~on of sa~d prope?ty w any part thereof. S. To p+y alt a~+d tinyulu the costs, charges and expenses, includirq s reasonable attwney i fee a~d cosb of sbstrads of title, incurred o? paid at any time by said MORTGAGfE, because or in 11+e evenl of Ihe failure on the paM of tM uid MORTGAGOR fo duly, p~ompNy and fully perlwm, d~scha~ge, exccute, effect, canpte~s, complY with and ab:de by exh ~nd every the ttipul~tions, ayreemcnts, tond~tions, and covenants ol said promissory note a~d ~his mwtyape ~ny or ei~ha, and ssid costs, charges and expensaa, exh and eve~y, sMlt b~ immediately due and payable; whNher a not there be no~ice da mend, atte~ to collect a wi1 perdi~gt u+d the full amwnt ef each and every suth payment shall bear iMCros~ irom the datt thereof umil paid at the rate of nine per centum per annum; and alt said costs, charges and expenus incurred w paid, togethtr wdh such interest, shall be sacured by the lien of thii mortpaye. " : 6. Tl+a~ ~n fhe event of a~y beach of fhis Nlortgage a default on the pa?t of the MORTGAGOR, or (b) in the event any of said iums of mo~ey ~ herein refe~red to be not promptly and fully paid within thirty (30) days next afte? !he same severally become due and payable, without demand o~ e?otice, or (cJ in the event each and every the s~iputat7ons, sgreements, cond~tions and covenants of sa~d p~omissory no~e and th~a mwtgage any w either are ~ot ~uly, prompHy and fully perfamed, d~xharged, exec~ted, effected, completed, canpfrcd with and abided Sy, then in either or any such event the said ag~ - gregste sum menlioned in said promisswy note Itsen rem~ining unpaid, with interesl accrued, and all mo~eys sccured hereby, thall beton+e dve and pay- able fwthwith, a thereafte~, at the option of said MOR~GAGEE, as fully and completely u if all of the said sums of money were a~g~netly st~putated to be prid on suci+ day, anything in said promissory note w in fhis Mortgage to Ihe contrsry notwith~tanding; and thereupw? w thereefter a~ the op~~on o( said MORTGAGEE, without notice or demand, suit at !aw w in eqvity, theretwe w thcreaf~er begu~, may be prosecuted as if ~II money~ secured heceby ~ had maturtd pr~ot to ~ts institution. ~ 7. Thst in the event ?hat at the beginning of or at sny time pending any suit upon this Mongsge, or to foreclose it, w to reform it, or to enforce ~ paymcnt of any claims he~eunder, uid MORTGAGEE sfiall app~y to the Court having jurisd~ction ~hereot io~ the appo~ntment of e Receiver, such Couh shall Forthwith appoint a receiver of said mortgaged properly all and singular, intlud~ng all and s~ngular the income, prolits, issues and revenues (rom whatever source derived, each and eve[y of which, it bciry cxpressly understood, is hereby mor~gaged as if speti(ically ut fwth and destriFxd in the granting and habend~m clauses hereof, and such Receiver shall have sll ~he Moad and effective functwns and powers in anywise entrusted by a~ourt to a Receiver, and s~ch sppotntmenf ~hall be made by such Court as an admitted equity and a matter of absolu~e right to said MORTGAGEE, and without reference to the ' ~ edequacy or Inadeqwcy of the value of tFx property mortgaged or ~o the sowei~cy or ~nsolvency of said MORiGAGOR a the defendants, and that ~uch rents, profits, income, issves and 'revenues shalt 6e applied by such ReceivcK accord~ng to the lien w equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abids by each snd every the stipulations, ag~eements, conditions and covenanta in sa~d promisso.y nae and this rtw?tgage set forth. 9. Tha1 in the event the ownership of fhe mortga9ed premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the N.ORTGAGEE, iri successors and assigns, may, without ~otice to the MORTGAOR, deal with such successor w successor in interest with reference to this mortgaye and the debt hereby secured in the same manner as wiah Nbrtgagor without in any way vitialin9 or distharging 1he Mortgagori liability hera under_or upa+ ~he debt hereby secured. No sale of Ihe p~emises hereb~ mortgaged and no forbearance on the part of the MORTGAGEE or its successors ~ or assgns and no extension of fhe time (or the paymem of the debt he.eby secured given by Ihe MORTGAGEE o~ its succeuws or assigns, shall operate ro release, distharge, mod~fy change or afftct the original liability of the MORTGAGOR herein, either in whole or in p+~~• ~ 10. It is spec~fically agreed thst time is ~of tha esxnce of this con~ract and that no waiver of any obl~ga~ion hereunder or of the obligation sr ~ cured hereby shall a~ any time thereaittr be he:d to be a waiver of the terms hereof or of the inslrument setvred herby_ t "r Il. In add~tion to the forego:ng monthly paymeros of princ"pal and interest required by the prom~ssery note secu~ed hereby, mor~gagor covenants : and agrees to pay to mortgagee with each monthly paymeot an add~rional sum est~mated by mort9agee to be equal to 1/12 of the annual cost of the follow- i ~ng: i A-All real property taxes levied or assessed agai~st the above described real estate. ~ i B-Premiums on f~re and windstoim insurar.ce as herein requ~red to be carried on the improveme~ts rtuate on the above described premises. C-Pre~ni~ms on such mortgage guaranty insurar~ce as mortgagee shal~ from t~me to ti~ne deem fit to carry on the loan secured hereby. ~ ! Mortgagee shai! from time to tfine notify moAgagor in writing of the amount due and paysble he~eunder and such wm shall thereupon be due and ~ Fayable o~ the due date of tha next monthiy payment and each successive month thereafter u~til mortgagee shall notify mortgagor of a change in such ~ a~nount. Such wms shalf be applied by mortgagee toward the payment of real p~operty taxes, insu~ance prem:ums, and mortgage guaranty insurance ~ p~emiumS• IN WITNESS Y~HEREOF, the said MORTGAGOR has hereunto xt his hand and seal the day and year first afaesaid. ~ Sgned,~aled and delivered in the pr sence of: ~ p ~Seaq ~ V~ O V. Romano a~~ ..l'~l 4~'~~Ly~lZLL~ ~„~r-~'l"C~'~?~;,'4 - Filomena Romano ~~a~ STAiE OF FLORIDA ~ St. Lucie ~ couNrY oF Befwe me personally appeared S11V10 V Romano a^d Filomena Romano his wite, to me welt known_~d; ~ppvim to me to be the individuals described i~ and who txecuted the foregoing €RStrument, and adcraw~edged beEore me that they executed th6 ~~ij ~jf~e purPoses Y.~ eC7,~ rhe~e~n exP.eaxd. Md the said Ri 7 nmpna $nmano ~~=.r- - ~ ,Nife of the aaid r+~ ZV10 V ROIRd110 s sepa~ai~a9c~" ivate er.aminstion by me taken separate and apart from her said husband, scknowledged ~o and before me that she e:ecuted ~'i~ i4_ jtiumdAtt'~?,~1Y'~~ ]MO{um rarily and wi?hout any compulsion, constraint, spprehension, or fesr of or from her said lwsband. ~ - WITNESS my hand and o(fitial seal thiL 13th day of Au 1lSt ~ ' r~~p rgs. ~ . MY ' j~y~a~? Z2. 1977 Notary Public in snd or ~p ~~~N~ • e; i..; My Commiuion expires: ~ / ~t . ~ Return Ta ' ~ First Federa! Savings d~ loan Association . Of Fort P:erce. Fort Pierce, Florid~ fi'_ ~ • _ u30E0 . Ss ~~~~~TY F~~. ~2 - ,~~5 This Instrument Prepared By Richard K. Kdyes ~~r_~, ~ ~~~a First Federal Savings & Loan Association ~tF"'~=" ~ ~ of Fort Pierce , Flotidd i{~ 3 53 1~~~ ~ a~ - _ Checked By ~ 800K~~JV PACEz4~, f . - _ ~i - y£ ~ ~ ~ ~ : ~ ~~'~~~'~.~t ~n` `?<-r~ s~ _ _ ~ ~Y"~_"