HomeMy WebLinkAbout0054 3. To ptace and continuously Aeep on ihe buC~i,~u~s ~~oN or f5eaeafter ~~tua!e o~~ ?e~d 'and and on ait equ~pment and personally covered by lhis mw~g•
n.~a. with al{ pren~iums ~nereon pa d in (~U, t~re ins~~an~~ ~n ~ht ~s~..1 s.a~::ia+d ~..i,lky torm, in a s~m ap~xoved hy ttw MORtG~GEE, and wmJstotm
:nsurence in the usvel standard pot~cy fonn, in a sum +~,pro.rd by the MORTGAGEE, in such tumpany or compan~es as Ihe MOkiGAGEE may
ci~rect; and all firo and wir.dstorm inw~a~ce pol~cies o~i a~~y oi s~~d bu~Id.nys, any ~nte~eal therein or parl thereol, in the aggregale sum a~aesaid or
fn eacess ~hereo(, sha~l conta~n the usv.:l stond~~d mor~g~gee c:avsa o~ such othrr c~~use a~ Ihe Mortyagea may requ~ro, meking tne ~pss u~~de~ sa~d poli-
c~rs, each end every, payab:e to sa~d N.:.~Q'.GAG:E ati ~ts in~er~•st r..iy appear, a~~d r,ch .,nd every auch po'~c~ shall be promp~ly aisgncd and de+~verrd ro
er.y held by ia~d MORfGAGEE as fu~ther securit~ ro w~d mortgayr d~b~, and, not :ess ~han ten (t0) da~s in adYance of ehe expira?ion of each pol~ty, to da-
l,~er to said MORTGAGfE a renewal thereef, toge~hrr with a ro:e:p~ lor the prr~+ium of such renew~l; and thare shall be no f~re or ~var:lswnn insuronce
placed on any of ss~d build~ngs, any inta~est there~n o~ part ~he~~•of, un~~as in ihe fcrm and with the loss payable as afwesaid; and in ti~e evenl any sum
o! money becomes payabl! ~ndtr suci~ potiq or policizs said MORTGAGEE ahail hare the opt.o~ !o recaive and app!y the same on a:counl of the indebted• -
n<•u secwed hereby cr to perm~t aaid I~QRTGAGORS to receive a~~d use it o• any ,~t ~~,-:co1 ior oti~••. pur;;,ses. .•.~~no~e th:~r:,; .c_~.~:~ e~ ~~~~p.,~~-
~ng any eyu~ty, I~en or Nght uncler w by vir.ue of ~his mo:tgage; and in thr event sa d htORTGAGORS shatl for any reason fail to kcep the sa~d prenuses so
!nw~ed, or fail to da~iver promptly any of said poLucs ol ~nsv~ance to sa~d MORTGAGEE, or fail p:onep;ly to pay fuily any premium therelor or in any
res~ eU fail lo perform, rl~;charqe, execu~e, e(+ect, con,p:e~c, ce:r.piy w~th and ab de by ~h•s c~ve~•anl, or any part hcrQOf, said MURTGAGEE may place a~d
~~a~ for such insurancc or any pa~t thz~eof w~~lu~ut waivirg or atfecting any o~~tvn, Gen, equ~ty, o~ r~ght ur.de~ or by vvfue of th~s Mortgage, and the
r, ~ amovnt oF each and e~e•y svch payment sh~li be imined~ate!y d~e and payak;!e a~~d shail b~•ar ~nterest from the date thereof until p~~d at the rate ol
< per centum pe~ annun: and rer~~•tl;rr n~th wch ~rv.troc~ sha~: s.~ured i~y the fen ol thia mortgage.
1. io {xrmit, commit or suffer no wasie, inipd~rmrnt Ot datcr~oret,en of s..id property o~ any parl thereof.
5. Te pay all and singvla± the cont~, chargea tnd expe~ses, in:iud~ng a ~eaao~~ab'e anomey's fee and cos~s o( abstracts of title, incurred or paid at
~:r ti~~:e by si~d MORIGAGEE, because er in ~he event of th~ fa!u~e ori ti~e po+t af the s~~d hiORTGAGOR to du!y, promptiy a~u! f~lly periorm, d~scharge.
• cvte, effea, cwnp:ete, comply wdh and ab Je by each and eve+y the stipu~a~~ons, ayr~rmtnts, tonditioni, and covenams of said pro:nissory note and thit
_~•9ege any or e:~he~, and sed cosrs, cha~ges a~d e~~nses, each aod evety. ihnll kre im~n~diate2y clue and payable; whether or not there be notice dc
~~~:i altrmpt jo co~lect or svit pend~ng; 3nd thr fu~t amount of each and evv~y sv,h p:~yment shall bear interest irom Ihe date thereol until paid al Ihe
n;ne ~rr c~•nn.~n F:ar a~~::,,:, ~nc a+: ;a.J coars, tFw:~ri and ~x;..,, ~c-,s :nc~:r~J w Na~J, ~cyether ~v.th such :...;..:s+, shall be secured by the lien of thit
arr3~ge.
b. That (a) in the event of any brzach of th~s Morryage or defau.r o~ Uw uart of the M08lGAGOR, or (b) in the eveM any of sa~d sumz of money
!:~~•~:r, referrc~ ro be not pru.nptly and fuliy paid wirhir. th~rty i30) daya neat a•Ter !he >~ne se~era~ly become d~e and payabte, without demand or nohte,
c? in thr exm eath ar,d evcry ~he st~pu~at~o~is, t~reernents. tond~t.o ~s and core:~a~:s of sa.d promissory note and th~s mortgage any or either a~e not
;.ror~~ptiy and t,~~ly per(o:m~~d_ d icha~g• d eae.~tcd, e~lec': d. to.•~f:etid, co.:•~ . ed v.+tn m~d a~~ded Sy, then in ei~her w any such evem the said ag
, ~_•a s~n mentioned ~n said prom~ssory n~te then ~e:na~r.~ng u~:ra.t~, W+tfi e~ve~esr acc:.,_d, and a~l moneys secwed hereby, shetl become due and pay
r~ctth.v~ih, or nc~reaster, at ~hr cp~,~~~ ot s~.d t::O~TGAGEE, as iu~:y i•~d ~.omH:r•~~:1 as ii all of tha aa~d wms of money were o.~gina~,ty stlputated
• pa a on s~~ch doy, anyth~n~ ~n sa ci Fro~n~seory ~ote c: in th~s t:.c.tgag~ tu tin_ c"v~ltrer~ no~w;thsrandiny; and thereupon ot fhereafter at the opt~on of
~":ORTGAGEE, ~,:'he~t r.of~ce o~ dr~r.,:.~, ou~t at ~av. w in .~:iu:ry, ~hcrefo~e• o~ tner~~oite~ bcyun, may be prosecu~ed as if all moneys secured hereby
~.i n,at~red pr•or tc us in~ti:unon.
7h,r ~n ~ha e:en~ rt•~,~ ~t r.e beql~ ~~g ~f or e~ o:•y v~~•~e c:~••~~1::~g an~ s: r~.F_o~ ih~s Mortyage. or to forectose it, or to reform it, or to enforce
.•,~nt c' any c,~~~,s 4~_•CVI'G~~. !J~(} I..L~FtT'Jtil~.~ s`s ..,~:t'; ro ei:e Co~:i ha:~: y.,;:~e~t.;i.,,n :he~~ot for the appointment of a Receiver. su~h Court shail
~ „~tfi a~.;;,~,~ a•.,.,.rr of s:~;l :r.~~•g:~.d Fro; a:••~~~: :~..~~u ~~y r~~~:,t.r the i.^,cornr, proi~ts, issues and revenves fiom whatever
. . ~ .
d~nvcd :h`ar•.! ev~ry ot w~: c. n:,e~r4 ..:~~r,ss y ~r~~~s: , ~s •_b~ ~~.c•• ~.?eS as ~f spec~ficaily set fotth and dettribed io the granting and
~ ~•:iom c_+~nes t:er:~of, a~•d s•xh R.c<~.er al:a:; !.,,,c aii tna t~~~ari a-.d cuec~,~r tc^c? ~:.:s .~~~d powers in anyw~se eMrusted by a Court to a Receiver, and
_ ~~;po~n~~~:r:~t sh .t` be r.,: de t~y s. cV• Ce•rt as a~: ad te~cy ry~_~ r~ : r•~ a~~ a!t_r c? o~xc ~:re nyht to sa~d MORIGAGEE, a~d withoul reference to the
__c~ or ^~sdrG:t.~ of tne va:i•r oi tjee p:c;:~~r~y mvrt.~:y_d c,i to !i•_~ s~.~.~r._~ ~nty o4 sa:d MORiGAGOR ot The defendants, and that suth
,~roirts, ~nco~ne, issu-s and re:e~;,es sha:~ ce a~~pi,ed ~y svcn ii~c_•:+er ~c:uid ~j :o tne iien or equity of said MORTGAGEE and the practice of such
C.:..rt.
8. to du:y, p~ompt:y and fvt'y pe~form, d~s•_h~rae: eR~:cu!e. e~ject cc•rp~er•-, c-~:;p~; v.~,h a~d abide by each and every Ihe stipulations, agreemenls,
-crd.!:en5 and covenants m 53e~ PfORI.SSOf~ n~te and :ii.i ~r;;~r~a~e se•t 'orih_ ~
9. iFar ~n thc eve~t the ov:ne•sh'p ot tne T.u:r_;aged ~re•~~~ses, cr r:~~ ~;a•t tnrreof, l:ecomes vesfed in a person olher than the MORiGAGpR, thg
~~.'vAGE~ ns si~cr•sscn a-~J ass~~nz. may, w;~he~•t r.o+.;o to t-,~ .'.::,;-'G~-;;1, dr,:; w~ch s.,ch wccessor w successor in interest with reference to this
"_~sgr ar~d :he dret here~y uw.ed in the same n~,~:~.er as w~ih .'.~..t~,,~r .r.thcut in any ~vay vit!ating Or d~scharging 1he Atortgagors' liabitity here-
• or ~pon ~i,e d~b~ hcrrbr sew~rd tJo s~•~ of fn•_ f~e'~+sos h_rrb, :.•o~rg~~ed ard no ferbearance on the part of ~he tdORTGAGEE or its successors
.•s ~ns and .~o earers~un ~f the h~•~e f::r rh~ F:ay-.,er~r ct ti~e d•~b~ h~•~~. ~ s~cv~~d g~~•~•n by the MORTGAGEE or its successors o? assigns, a~iall operate
o~~_ c~ase, d:schargr, med~fy change .r a~tect the cr:_3~~ a~ !iao.,.ty of ti~e N:;RivAGOR herein, eifher in whole or in part.
10. Ir is snec~f~c,::y ag~eed ~har t;m~ es o! rt:e esse~ce af r~,n CJ~:T:u;t a:-d rt~ai no wairer of any obl~ganon hereundar or of the obligation se-
- _d hareuy sha'. a+ an~r ~ir.,e +hcreafter ;r~ h~r~f tn b•_ a v.o~.cr of e~~~ 'ern~s }~er~o! o+ of the instrument secured hcrby.
' 1. i~ ._::i r.. ~ io:e~c .g : : pa..,, ::is ; , d ~ . ~..s• ;~;u ~~d 'oy ~'~e pro:n swry no!e secured hereby, mortgagor covenants
.,-:-es to ;ay to r:c- ~-,=-e r.,~h rr:ti ..~~ri:', ~,~,•,en; „.;c r>~ s:~~• esr , ~rr~+ b~ rno•tyjgee to be eq~a{ to 1; 12 of the annuaE cost of the tol!ow-
. A--F.~.1 reat p-operi~l tax.z te•r~_d or assrss_~d ag;~ :s! :h_ ~i,~,~ dcsr~';• d real est,;r~.
B F~~ r•u~ns e:~ fue ar.d ~Jin75?o'n~ ~~:;3ra^cr as ner~~'•~ raq: ~~~d to 6•. ca•:i~:d ~'t:r :mrroveme~ts situate on the above described premises. i
C-Pre~~. ,;n s e^ s,;ch ~.~e: r3 ~ee g„a•~•:'; ~~~v:.a-:.- as ~~~o•};:.+,~-e sha.: f•< .~~,e ro ~:me deem fit to carry on the loan securet! hereby. ~
~ f; o:r~;~e~ ' fro,n T~••..r ;o . e :<<; rcenyag,r m r.r:t~~;; of tfie ar o:;~t J~e and payable hereundar and such sum shaU thereupon be due and
~ ~ '
`'t e~ th~ d~•• d<:r.~ o: ~hc r..<• ~.:y t a~:~ e.:c~~ s::c-•sz~~e ~,c~.~~: thr~.,aff~r ur:til .nortga~ee shall rtot~6y mortgagor of a change in such
' .:~t. S~ch 5~ms s~,a'E Le aGP~~~•~j ...%•td-,~'~ 'o.•..s~d tne {;ay:r:e~~t ef re.~l p.enerty ta<es, insurance p+em,vms, ane! mortgage g~aranty ensurance
f ~ ns.
j ; IN `:11tN[55 'VHER~OF, she sa~~ MORTGAGQ~ has nereu: to se! his ha~td and seal the n first a id.
t gned, Sealed and deyqer ' tFe p! ence of: FllEO AN:~ 4:CORDE ~
` sT. ~uc~; ::~~)kT7 F
E - FiO~:,Gh r~IT • p (Seaq
~ 't - - C! ~4K Ci: RT~ ~ (Sea~
j - - - - °ECt'i~ Y~~-'' ~ (Seal)
C
~ - - p Q~{
@ ' - RIDA ` ~P11 ~Y ~ 24 1 1!'75 • l5eal)
~
. _ ~ u. 3~'~~16
_ ,•:7Y OF St. Lucie
f . , . .
~ John E. Ramondo ~ ;
Before me p?rsoral~~ a peared a~ `
[~elores L. Ramondo
~ _ his wife, to me well known and known to me to be
~ r i.-:dlv~d~a:s desu:ted in and who executed the 4oregoen ~n;trument, and acknowfedged before me that they executed ihe same fo? the purposes
; '_•^+n expressed. And the said _ _ ~lOrPS T,,. Ramonelo
; of ,hA sa~d " Johfl _E . Ramondo
4 ~ - upon a separate and private i
1 na!~on by r.~e ta~en separete and apart from her sa;d husband, acknowfedged to and before me that she executed said instrument freety and voluo- ~
s , ar.d w rho~t any coa:pulsion, cons•ra:r.t, a; prehens;o or fear of or fram her sa~d hu nd. O ~
~ yYliNE55 my hand ar.d ofF;c~a! scaf thn_ -_28~-----_- - day of------ - ~/~r . A. D. 19~
s
: ~
~ ~-,.yt. ~ ~ : .
; Notary Public in and for the State of Fiotida at la~ge
k My Commissior~ expires: . ~ .
~ Retvrn To: ~ ~
s, ~s
~ •st Fedcral Sar~n3s 8 lc~n As,x:::t.on _ ~'n -
~ Oi ~~.t P<rc. t<,.-• lrr;• _ • ' _
i ' . . . . . . • i . r1 ' - t
Fo.1 r,.,.ce. F'cr~c:~ C= _ ,y {
, ~ 1.~i
~
~ This Instrument Pre ared B J Nal Roberts Jr. ,
P Y . , , ~
~ F~rst Federal Sav+ngs & Loan Association ~
~ of Fort Pierce, rlo rida 334 SO g~~ ~~Q ~Gf C~~ ~
VV V
~ ~necked BY
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~
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~ C SW
- - - c:~ ~
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r . , . _ _ s r