HomeMy WebLinkAbout2638 To place and continuously keep on the bu~'dhgs now or hereatter ~itu~~e on ~e~d ~and ~nd on all cquipmeM +nd patonaily tovered by this ma~~
age, with all premium• thireon pa:d in full, f~re insurance in ths ~su~i standard potity form, in • sum approved by Ihe MOR~GAGEE, •nd w~~ds~wm
insuranc~ in the uswl sta:xlard poLty fpm, in a sun approved by ihe MORi('aAGEE, in such tomp~ny o~ companiq ~s th~ MORTGAGEE may .
d~rect; •nd all (ite and w~ndstcrm insvrance polKics o~ •ny of sa~d bu~~d~~gs, any in~eres~ therein w pa~t ~hereof, in the sgqrega?t sum afaesaid w
in eaceu thereof, sha0 contain the usual s+andard morrgagee dause o~ such o~he+ clauss as tM Morlyagee may requir~, matinp the Ioss under sa~d pol~ '
c~es, each and evc~y, payuble to said h~ORTGAGEE es ~ts ~mertst nwy appear, and each and cvcry such pol~cy shall be prwnptlv sis g~~rd a~d da~ivercd to ~
eny held by said MORTGAGEE ~s furthrr security ro sa:d mortye9e debt, and o01 leu than fen (10) days in advance of ~he eapuat~on ol eacfi policy, to da- ~
I~ver fo said MORiGAGEE s renewal thereof, togNhe~ wi~h a rece~pt for the p~emium of svch renewal; and there shal! be no f~re or w~ndt+o~m inwrance
pleted or? ~ny of sa~d buiidings, a~y interest there~n w part thereof, un;ess in thr form and w~th the lofs payabte as afo~esaid; and in tl~e evenl any aum ~
of money becomr~ payabte under such policy or pol~cies feid MORTGAGEE shall have rhe opt~on to receive and apply the same on atcount of the indebted-
neu secured hereby or ro permit aa~d MORTGAGORS ~o rec~ive end use il a any par~ rhrreoi tor oti~c~ p~r~~osrs, w~~ho~t th:~~af wa~l~n3 er ~n~pair-
~ng any equiry, lien or right under w by virtue of this mc:~gage; snd in the event sa~d MORTGAGORS ~hall For any reason fail to ketp the said p~emises so • ~
nsured, or fail to daliver pranptly any of aaid poiKies oi inaurance to satd MORTGAGEE, or faif promplly to psy fully any prc~n~um thcrefw o~ in a~y } 4
rrsprct fail to perform, discharge, exec~te, eflect, comple~e, cornpty wirh and abide by th~~ tovenant, a any part hereof, sa~d MORTGAGiE may piate a•~d , i
par fa such insurance or sny part ~hareof w~thovt wa~r•:.~g a alfecting any ogtlon, ~ien, ~qwty, or right under w b~r vir~ue of ~his Rlongage, ar.d the ~
fvt~ amouM of ea<h and every such payment shafl be immed~ately dur and payable and shall bear interesl from the date thereoF until paid at the rate ol
~~.,e per tent~m per ann~m and togeehe~ v.~th wch i~iterest shalt be sec:.:?d 6y the lien of this mwtgage.
1. To permit, commit p sufler no wasle, impa~rment or ~~terioration of said property or any part thereof.
S. To pay all and singular the costs, chsrges and expenus, +nctud~ng a reasonable attorney i fre and co~ts of abstracts of title, incurred o. paid st
~ny time by said MOR7GAGEE, brcause or in the eveM of the ia~lure on the part c~ the said MORTGAGOR to duly, pron,ptly and f~lly perform, d~scharge.
~Aec~~te, effed, complete, comply v„th and ab:de by each and every the stipala~~ons, agreements, conditions, snd covenan:s of said p~«nissory note and thi~
• o~rgago any w either, and sa d costs, charges and expenses, each and every, shall be immed~ately due and payable; whether o~ oot there be ~otice da
o,~nd, attempt to cotlect or suit pend~ng; and the full amouM of each and e~cry such payment shall bca. iroe:es~ from the date thereof until paid at the
o> n;ne per ceNum per amw:n; and di: aa~d costs, ch~r3es and ex;.ensns incurred w paid, together wnh such interest, shall be secured by the lien of thii
mor!gagg.
b. That (a1 in thc eveM of any breach of this A'brtgage or default on tM p:~t of the A10RTGACiOR, or (b) in the ever.i any oi sa~d svms of money
herein referred to be nol promptly a~d tully paid within thhty (30) days ne,et afte~ ~he sanx severally beca~x due and pay+ble, withovt demand or notice,
,r in the eveM each and eve~y the sti~r~;atiau, agreements, conditions and covenants of sa;d promissory note and th~s morlgage a~y or eilher art not
iJ;y, promptly and fu!Iy pe~fonned, d scharged, e.ecuted, efiecied, co•np:eted, comp~:ed vnrh and a6~dad `ay, then in e~ther or any such event the sa~d ag-
~re3ate sum mentioned in said promissory note than-r~maining ~npaid, ~virh in~ere,~ actrurd, and ait mo~eys secured hereby, shall become due and pay-
ec _ forihwith, oi therea!ter, at th~ op~icn of s~~d td~~TGAGEE, as futiy a+,d comp:e!r~y as if aIl of ~he sa~d sums oi money were or~ginalty shpuiated
~c be pa~d on such d~~, anything ir. sa:d prorn~ssory nQ:e or in this J4t;ortgage !o the convary no~withstanding; and thereupon a thrreafter al the ophon of
,~.ci I.iORTGAGEE, w~iF.o~t no+~ce or drmand, sud at iew or in equdy, ~hrrrf~re o+ Ihrrreher i~rgun, me~ be prosewted as ~f aH moneys secured hereby
r:. i marured pncr to ~ts insGt~non.
7. i~at in the e~ent that at the beginning of w at any time pend~ng any sv~t vpo~ tt~~s Mortgage, or to foreclose it, w to reform it, or to enforce
r~. ~ent ol any raim,s he~eur.de~, sa~d h1URTGAG=E shaii a~:pcy to the Ce~rt ha:~cg ;~.:~d:a.w~ `herro! for ihe appomtmem of a Receiver, such Court shail
,~.ti~th a~po~nt a rece~var of sa~d rr.e:tgaged proC-=rt~ al! e~d si^gvlar, inu~d n~ a:i and s:~~gu.ar the income, prof~ts, issues and revenues from whateve?
. c~ daGved, each ar.ci eve~y of wh.ch, ~t bei~g express'y ~nde•stuod. is hereby mcrt9aged ai if spcc~fitelly set forth and dexribed in fhe granling and
i •,-:d~m da~~ses her_~of, and svch Receiver shait have all the broad and effecr:ve fu~r. c,:,s and powers in anywise entwsted by a Cowt to a Receiver, and
>:~i a::pointment sh;li Ue made by s~ch to~~~ as an admittec! eq~ity a~d a rtatter of a~s~:vte right to said MORTGAGEE, and withoul refere~te to the
-.~:.cy er ~nadey,~ac~ of the vaiue of the praprrty mortgaged or to tfie so~~ency or :~~sc.vency of sa~d MORiGAGOR er the defendants, and that such
•s. profits, ~nccme, iss~es and revenuea shall be app~ied by such Recr~ver accord~ug to the lien or equity o1 sa;d MORTGAGEE and the practice of suth
._=~:f.
8. To d~'v, prGmF:t:y a:~d fuNy ~:er'.orm, d~scharge, execute, effect, coT~iete, compiy with and abide by each and every the stipulations, agreements,
:i:~~cns and covenants ._a.d promissory nose and ~h~s m;;~tgage set forth.
9. TF ar the eve^+ the ov:nc-ship of Ti:~ mcrtgaged prem;ses, or any part thereof, becomes vested in a pe~son o~her than the MORTGAGOR, the
. RTGAGi£. ~}s sv:c~ss.:•s and assyr,s, may, ",I•!~o.,r no,:ee to ~t~e MORTGApR, deal with svch successor w succeswr in interest w~th reference to this
- r:jage and rhe deuf he~eby seturEd ir, tt:e sarne n~a~mcr as wnh /Aortgagor wrthout in any way vitiating or discharging the Mortgagors' liability here~
or ur•on ~he d<or hereb~ sec~.ed ~:o s~:~ cf ti:e Fre•nisrs h~•:eby mongaged ar.d no fwbearanee on the pa~t of the MORiGAGEE w its successors
:~ss~grs and r.o - ~ccrs~en ef rhe t~rr•c f~r the pay~ e~t ef tE.e drb+ hereby secured given by tFx MORTGAGE£ or iK successors w aas~gns, atiall operate
rr'eese, d~schzrge, modrty tFange or atfecr the crly~n,,i ilac;, r~ of the /60RiGAGOR herein, either in whoie or in part.
10. It i: spec[f~ca!~y agreed rhar u~,e is cf !t~e essence of th~s contrau and that no waiver of any cbi;gation herevnder or of the obfigaYan sr
.;~c~d hcreby sha!~ at any t~me thereaiter be hetd to be a we~~er of rhe !erms hereof or of the inssrument secured herby.
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11. {r .;~i;i *~~.c~ •o t~e f~,:ege •~g •r.u~~.•M. ~.~~~•r.;r*S o: c~icc pa~ ar.d ~nten_<_t rrquired 6y the prOm~siory np!e setured hereb/, mOrtgagor COvenanti !
. al~ees ro aay ro mc:!g~gee x~rh ~~ch r.;c~~~~• y~:,~~. ent a~ ado.~:cnal SuT E5~'~:d7ECI 5'/ mortgagee to be equal to 1,'12 of the annual cost of ihe foiiow-
A-AI~ rea! propert~ ta,ces iev~ed or dSSP55C0 ay:3.•i52 :hC ahove descr=,~-,cd rea! esrate.
E-Cr~m.'u :~s on i+ro and r.:~~ds.•a'm ~r,s~r;rce az nere~n r-q~ r~d to be carried c<< the im;;rovements s~tvate on the above dssuibed premises.
G-Vre~r~v.; s o~ svch me•~~age guarar:ty ~rw+a~ cc as mo•rgagee shail frcm •.:x to f~me deem fit ta carry on the loan setured hereby.
/.1o~tgag~e sha~i frcm t;~:e t~ ri:re norifr reerrgrge• ~n v.~it~ng o; tne a~o~~t due aRd payable he~eunder a~d such sum shafl thereupon be due and
,~>'e on the cf;,r ciate c! !h~ ^ex~ -nc~~tr.; p;y ~-ent an3 e~ch svccessi.r me~th t'~rreaft~r ~r.ti: mortgagee sha~l notify mortgagor of a change in such
~ unr. $uch su:ns sFa~l be aopiied by mortgag-re ~o.•.ard rne paymeM of reai propeHy taxes, insu~ancr prem:ums, arxl matgage gvaranty ir.surance
i
` • ~ : ~,~s.
j IN 1Y1TNE55 l~HEREOF, the sa:d MORiGAGOR has hereunto ser h~s hand and seal the day and year '
~ Sign aled an de ~ 'n e prese~ce of:
C - - ~~n
~ _ _ ' Ra on Pa ca ,q
- - (Sca~
C ol M. La R a (Sea4
_ ~ E OF FIORIDA
S5.
.:;~'~TY OF _SL. Lucie ~
eefore me pe~sonal~y appeared RavmQnd Patt~iek La Rocca
Car01 M• La ROCCO his wife, to me well known and known to me to be j
~~dividua~s described in and who eaecuted the foregoing instrument, and acknowledged before me that they executed the same for the purposes '
~ -~ein expressed. And the said CaY01 M. La ROCCS
r; -
Ra ond Patrick La Rocca
~ ~ of the ea~d ~ vpon s separste and private
-^'~at~on by me taken separate and aoart from her sa"~d husba~d, acknoniedged to and before me that she executed said instrument freely and votvo-
rt ~ and w~thout any comp~lsion, constraint, apprehens~o~~,_~or_ ~fear of or from he. said husband.
~ WITl~E55 my hand and ofFic~al seal this._._~~_' day of F~Y~ry , A. p. 19 75
Fi~EO ~ko ~ECe~~eo~,~,~.+., (3 ~
~ ' ST.I~C~F C~llNTS`-Ft~: Notar P~blic in and fw the e of Florida at Lar
"5 RaGi:„ ?~~I;RAS Y 9°
, My Comm~ssion ex ires: i
~ Return To: C~~R~: Ci~i,U.T COURT P ~ ~j
~ ~rr,OG"~ vE~'FtE~,,.~.,.~~
r:.st Federal Savings ~ loan Associ;r:on '
id
~ P~`<~ fEe Z6 I`l 03 PH'1
~ Fort P~erce, fir~da
~ _
~~5-.- b,
~ •~~~~~r~~~~~~.,
~ ~li~'~, ' ' . ' r',
~ This Instrumeni Prepared By Willia?v J. Forbes ' • J~; ;
~ First Federal Savings 8~ Loan Associat~on 1~`~
~ of Fort Pierce, Florida 33450 . •`'~~~-~1~
Checked By .~y+ ~ 21 ~
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~ ~~l,rLV ~~~rr,U1VtJ I'• ~ ~
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