HomeMy WebLinkAbout2782 3. To ptece and cOntinuoLSly k!!p on ~h~ b~~'d~n9s now o~ he.eaf~e. t~twte o~ s.+:d fand a:~d o~ alt equ~p+neni ar.d pc~sona~ly covtrcd by ihis ma~
.+ge. w~th sU prenuums thrnwn pa.d ~n tult, I~ra ins~~ancc in the wv.+t srnndefJ Fe:icy 1o~~n, In a sum aHp~o.ed by the MOR:GAGEE, a+~d rr~n;/a~orm
~~wrance in tha uiual sfanJa~d po~~cY lorm, in a s~m approved by ~hs MURlGAGEE, ~n such cwnpa~y o~ ca*~t~an+es as ths MOR1uAGEE r*~ay
d~~rci; and aU fir~ a~d w~ndato~m ins~rance po'~uea or~ sny of s•,~d b~i~d~ny~. any in~c~es~ ~he~e~n W pail Ihrreol, in Ihe e99~ega!s sum aiaesa:d w
racc~s ~hereof, shall conta~n tt~e usual startda~d mo:te~ayee c~euse ~ such o~he~ cl,u?+ a~ ~ha Mo~tga3ee m~y requ:rs, m~~~np N~e ~os~ unJe~ s+:d pWt ,
ces, each and every, pa~ab~e to said AIJRIGAGEE as ~~s ~mer~~st n,ay appear, anA each and every wch po~~c/ sha:l t~e pro.npr~y a»g~:~d a~~d de.~+e~ed ~o
eny held by said MORTGAGEE as furthrr aec~r~~y ~o saed mo~~gage debt. ~nd, not tess ~Mn ~en l10) deys in ad+ance of the exp~ret~on of each poi~cy, to da-
I..e~ to said V10RTGAGEE a renewal thereo(, ~ogethe~ w~th a rece~p~ fo~ the prem~um o) such renewal; and tlxre ~hall be no fae o~ w~~+dstorm insu~anc~
y!~ctd on any of u~d build~ngs, any interest Ihere~n w part ~herro~, umess in ~he for~n a:~d w~th the loss payeLle as atoro?a~d; a~d in the erc-+t any sum
of n~oney becomes payable under such poticy o~ pol~ties sa~J MORiGAGEE shall t~a.e the opba~ to receivn a,x! app~y the same on account of ~Ae ~~D?ed- _
nrss secured hercby or ro pe.mit ae:d ~dORTGAGURS ~o rateive and uu ~t a a~y ~~~•:+eof fo. e:~~cr pur;:,tri, v.~tho~t rh~nu~ .v~~.. y c• ~^•a~.'•
;~q any equJy, Gen or s~ght under or by vhtu~ ol this mortgage; and in the eveM se:d MGR~GAGORS shail tor any reasoo fail to keep t!~e sa~d p•emEses so
~~i~red, or fail to dt~~ver promptly any of a~ld poGcias o) insurance to sa~d MORTGAGEf, or fa~t pramptly ~o pay `vlly any premwm therrfw or in a~~
~espru fail to pe~form, J~scher9e, eaecute, effect, comptetr, comply wi~h and ab~de by th;s cove~am, a any part h~~eoE, said MORTGAr~EE r~ay p.+ca a^d
pn~ for ~uch insurance or any pa~t thrreof wnhoul waiv~ng w affecGng any ap~~on, lien, cqu~ty, or Ngh~ under or by virtue o( this 1~or~gage, and tht
f~'; a~no~m of tath and every such payment shalt bc immediaroly d~a and payabte and sha~t bcar interest frwn tho date thc~eof unt+l pa~d at the ~ah o1
r~~ cantum per annum and Wgrthrr with Sucn i~teres} sh~ii br srt~red k~Y the '~en oi !h~s morlgege.
To prrn,il, commi• or suffe? no waste, impair~neN or detrr;ora~~on of aa~d p~cFe~ry w a~y part thereof.
S. To pay atl and singular the costs, charges and expensas, includ:ng a reawnab!e anwney's fee and coais of abstratts o/ tit:e, incurred or pa+d at
t~:+~c by aa:d MORTGAG:E, ~ecause w in the event of ~i~c fa~iure on t'r:~ oart Gi the s:,~d h1JRTGAGOR to duly, promptty and fu::y pe~fam, d~x~srge
.:~~e, effeU, cemplrre, co~np:y w~th and abde hy each and every ~he itipu!at;ons, agtcemenif, co~dit~ons, and covenants of ss~d pro:n~swry note a++d th~~
,-~:3oge any or e~~i~e~, a~~d ;a.d costs, charges and expensas, each and e~e:y, sh~ii be 1m,nadiately d~e and payabte; whethe~ w not there be no+:ce ds
,._+n;!, at~empt to co:~ect or suit pe~~d~ng; and the lull anwunt oi each and eYery sucn paymrnt sha~k bear ~nteres~ from the da+e thereof umil pa~d at the
~3;r.e per ctnt~n~ Fer a,;:+urn, a~~e' efl srdd coa's, cF;.,rgrs a~:d ~r;:~~racs ~r.c..~rrd or }:a~d, togethe~ w~th wch ~~terest, shaFl be sec~+ed br ihe i~e.+ oi th:s
, ~..}~j3e.
6. That (a) in the evem of any treach of th~s Mortgage or deiauh on the p~r1 of thr MORiGAC,OR, w'b) in the eve~t any of sa:d awns of nwney
!-•~r~in referred to be not promplly and fuuy pa~d wdhin thuty (30! da~s nea~ ai~er ~he sdme se.era:~y becane due and payabtt, without dem+nd a nof.ce.
_ r;Q in ~he eveM each ar.d every ihs etiputat~c~s, agree:ner~ts, cor.dmo~s and covenanfs of sa.o prom~swry note aad ths mortgage any a e~Thsr ue not
rrOmp~ly and i~liy performed, d scherged, eKecute~, effetted, tanp:r'rd, con~p!;cd r.~th a•~d ab~ded 5y, then in e~tlur w any such eve~t the sa:d ag
.;,r~ sum aeent;oned in said prom~ssory no!e tnen remain+ng unpa~d, w~th ~n~ere;l dCU~rtI, dr.t~ a1{ moneys sec~:ed hereby, shatl become due and par-
forthwith, or thereaire~, at the op!~o~ o~ sa~d ~.10R:GAG:E, as !~~~y a~vy cump•eirly as if a~1 of ~he sa:d sums o6 money wue or.g+na!ty shpu:ated
ea.d on such dey, anyfhirtg ir, sa•d ~ro~n~ssory nUe o~ in th~s h~or~~a~e ~a ~!~c CG~~~/d~y r.otw~~hstanding; and the~eupon o+ thereaher at the opnon of
'."ORiGAGEE, wit'~oui r~otcr or demar.d, s~it at iaw o~ in equ~ty, ~her~fo~r or ~her~af~e~ be~vn, may be proucuted as i4 all moneys secured htreby
~ ~i :-.e~~rcd pnw 10 US inSlAv!~on. '
J. Thas in thz event ~ha! ~t th> t~ey~r.n ng cf or at any rr~e p~.^.d~~ g a~y so~! u,_o~ th~s Mo~tgage, or to foredoze ~t, or to reiorm it, or to enfwce ~
.;a! of any tiauns he~eur.d_t, said f.1vi:Tv:.vct <_ha;I a~_piy to 1nc Cu::rt n:•;;• r7 ;v~sci.ctVon ti~e~eot for the appo~ntme~l 04 a RKeiver, suth Couri shad y
appc~nl a rrcer.:~ oT s~~d ~norty..~•_J r.rcr: ~ty at! ;,nd s,::.~u,,;r, ir:.,;d ng ai! .~nd a~r.uu~ar the income, p+ofna, issves ar.d revenues from ,~rhat~vt~
dtrived eath and cvcry of wh c!i, ~i tie,r.y cx,~r, r y ~~~de~s'oco. ~s ~:rr_~y mo:'.»grd as if spet~fita~ly set forth and clCSCribed in the granLng and
~ :fum cSa~ses her.of, acd sucti Rece~.e~ sh;~: ha.e aL th~ broa:i ~•~d e~fecfwe f~, c~ c~~s end powers in anyw~se entrusted by a Cou*t to a Rece~Yer, and _
.~;:poin:mrnt ahall be made by such Cou•t as a~~ od: ~ittrd e~w'~ a+id a matte~ oi abso~~/a riyht to said MORTGAGEE, and w~lhout rtference fo the
~~cy or inadeqvacy of the va!ue of the F:rce~rty mo~tgaged o~ to ~hr so:ve~cy or +~~so:vency of sadd MORTGAGOR er the defe~dann, and that such
s. ~.rofrts, incvme, izsves and revenues sha~i be appe~ed by such Rec~rver a~corau:g ~o ~he lien or equ~ty ol said MORTGAGEE and the p~actrce of such
~ ?Jf}. 3
8. To dvly, promp!iy and (ut~y pe~form, d~scharge, execute, e(+e:r, com.plcte. con~F~:~ w~th and ab~de by each and every the stipulations, agrcemenn, _
~ f.cns and covenants m sa:d promisswy nore o~x! this morrgage sM fo+rh.
9. 7hat in the event the owntrshlp of the morlgaged prert~:ses, or any pa:t ti,ereof, becomes vested in a person other than 1he JY~ORSGAGOR, the _
:'~?~~AGEE, ~ts succ~sson ar.d ass•.gns, may, w~rrouf not:ce to th_• ti10R;GApR~ fI_d~ N~iR such successw a s~acsso~ in interest w~th rete•e~ce to th~s
;ege and the dz-b~ F.ereby sec~red in the same manncr as w.ih r,!o+i~ago• +~~~hau~ in a~y way vit:ating o? d~sc?+arging the Nlwtgago~i liabitify herr
-'r or upon the deb~ t~ereby srcured. No ss(e of ihe Eremues F.ereby mo+tsaged ar.d no forbearance on the pan oi the MORTGAGEE a its successo.s =
ss 3~s and r+o extens:on o1 the tlme fnr the paymen! oi tfie debt hcreby sec~~ed a~+en by Ihe N10RTGAGEE or its suttesswi or ass+gna, a.`iall opetate _
_ ,~,se, d.:ci:arge, mod~fy cha~~ge er affect the or~g~naf lia~~i~ry of the MC~TGAGOR herein, e~~her in whoie w in part. -
10. ii is specf~catty agreed that t~n~ is of H:e essence of th~s cont.act a:id that no viraiver o( any obl~gat~on hereu~r a of 1.4e ob:igation sr -
i hrreby sha(t at ariy tne~e ~nzreafrer tx hr:d to be a vimrer of the term.s hereof or of the ir.str~ment se:~:ed herby.
; l. In a:ld ;::,:i io~ego ;~o ;"•^~y Pd.,^.=';'s e4 p: ~~c p;~ ar.d i,•~-r„s• req~. ;ed by the prom[sscry nore secured hereby, mxtg~ar eovenants
..•i•_•es to pa~ tc r~ortgjy~e .+~~h eat~ n o:~'h:t par~.~e~:t an ~oci,:ior.al S~ n.~s! .•a~co by mo~~gagee to be equa! to 1; i2 of the an:~a1 cost of the foi:ow- ~
A-i~'.I real propcrry 'a,.,~s ;e.ied er asses;_d ay,~ st tnc ak.vve du>crih•d real es•a!e. °
i . _ -
j ~--Fr,^'.:~:~,s on T:'e' d1,~ v~ir.j5!O•m ~f.SVf3'.:0 as i~•-re+n mq; red to b^ tarn:.d . :he S:+~Yroveme~is s~tuate on tFu` abOVe desc-~bed pre~ises_ •
~ C-Pr~~~-~u+*s o~ sv:h rncrt~_,ce gvaranty ~r:;u-a~..e as mcrtgaqee s~~3!1 ~rc^^ rme 'o t:~ne deem fit to carry or~ the ban secured hereby.
i
~ blo~tgaq~c sha ~ fr~m ti~~e to ~:+ne ncr.f, mo•r,agor ,n wrir~no of ehe a.roo~t ci.~= aRd payab~e hereunde~ and si:ch w~*+ shail thereupw~ be dve and
~ o•~ +h~~ ci~e .f.,+~ oi ~h> rer! •~~o:~!h ~ pay~ne,v and each s~ccesz:.re ~r,o~~rh t^e•>af!:-r uctil mcrtgagee shalt not;fy mo~tgagor of a change in such
` Such sums s~e:l ~e zcp5ed Gy ~nor*gag~~e tawa~d tne payrnent of rea! ~rope~ty taxes, insura~ce prem.oms, a~id mortgage g~arenty insurance
i :^,s.
~ iN ~.ITNE~S 7rHERcOF, tne sa:d h10RTvAG02 has here~~to set his har,d and seal the day and year first aioreuid_
~ _~gned, Sealed twd de?iver~ the presence of: ' ~
. __`~(.{~/Zt;a:al~:~. ~ ~
I1 O y A Z 1 ($can
~ . f,---- - - ~ ' _
Ly~6~- f~.~~y~~a_._
~ ~ K-- /ja ~ '^if?~o 71L~Fi`-.~Z t . - - -
: . . . . _ rl f R~ORT6A t - y~~ ` ~ ~
. ~ / ~ SS. - r.:~` l;
~•,;-Y OF ~ - ~ ' : ~'r .
Anthony Polizzi _ a~'
Before me pe~sona'{y appeared _ - ' Xe•i~'•.. `y4~ ~
Josephine M. P0112t1 his w~Fe, to me welf known and known ~1?rc.~~e
~ ~ ~~d~viduais descnped in and who executed t1~e foregang instrument, and acknowtedged befwe me that they eaecuted the sard~ fuT~~hl,fpurpbses ~~;~t,=
= n expressed. And the said Josephine M. POZ12Z1 1~ .f=
` qnthony Polizzi ~P,,,, ' ~ ~ '
~ _ of the sa:d - ~~i,~~ ~
~ nat~on by me taicer sepa•aro and apart from her said husband, acknowledged to and before me that she executed sa~ trstrument ~
~ ~~nd without any COTV'~~S~OR, constra~nt, apprehens~ n,~r fear of or from her said h~i nd. - t
~ Y.~lTN~55 my hand ar~d offic;al seal this_ _ da~ of- Au ~t . A- ' ~
% -
' . _ ~ r~~/ - . ~ v: - - -
y` 1
Notary Public in and for the 5tate~of-f~~t Lar9e =
My Commission eapires: `J.--c.<.? z
Return To: '
r;t Federal Sa~ir~~s 3 toan Associ~S~on rj~,E~~A S S 4~. ho`ary Pub~iC
~ or ~~>,f State o! tr_N ~?`-~-oe Ccu~hr
Fort Pic~ce, Ft~r~de _ `f , ~ .)"p$ ~~ar~~ _ .G.~
fILEi:: ~•=C~RJED v~~~(~'iI~S.G: _~t
~ SI. ~UC ~ ~J~tTY F~A_
~ ~ - .:t~Ras 1l
~ rr~-.; • . __1'~~llRt
~ This Instrument Prepared By Gary F. Ell~vood ``n
x:,4 First Federal Savings 8 Loan Association
~ of Fort Pierce, F lozi dd Q~~ ~ 6 4 Zu P N
~
Checked By ~
0 R
1 BOOK 2~O PA6Ez?$1
~4 _
- - - - - ~y ~ ~
z~~
~ - - - - - - - =
~ ._~~w_ . , _ _ _ . . . _ . '^_~.~_.._~.~'~-~~,~a:
~