HomeMy WebLinkAbout0563 To plac~ •nd continuously keep on ths bui:~ing• ~ww or haea{t~r ~itua~s on ta:d iand ar.d on ali cquipnent ~rn! penonally covHed by thi~ mwl~
sgs, with al) p?emiumt the~eoo pa~d in full, f~~e irts~ra~~ce ~o the ~sual ua~dord po'~cy fo~m, in • ium ap~o~cd by the MORiGAGEE, and winds~wm
ini~ra~t~ in tM u:wl sund+rd pol~cy iorm, in • wm appiov~d by tM AWRTGAGEE, i~ such company w compan~es as 1M MORTGAGfE ~nay ,
diretll ~nd dl tir~ ~nd windi~o~m insura~+cs ~!~t~+ oo any of said build~n9s. ~ny in?erast therein w part tl+ereot. in the aflqre9att Wm afatsaid o~ -
in eacess Ihereof, ~AaQ con~ain the usual standud ma~ga~ clause a such o~F~er clsuse u ~M N1o+tpagce m~y requu~. makiny the loas unda u~d poH-
drs, each and every, payabie ro uid MQkTGAGEE as ~ts inte~es~ may appear, end each and every such poiicy ~hall be p~anp~~y ass.gned and deb.~rcd to
any held by said MORIGAGEE ss (unhrr security to s~:d matyaqe d~bt, and, not teu than te~ (10) days in advants of 1M expi~alion ot esch policy, lo d~
liver ro faid MORTGAGEE s rencwal thereof, togethsr with a rece~pt for tM premium of cuth rerNwel; and Ihe~* tball b~ no fite o~ windeto~m infuranc~
plac~d on ~ny of wid buildir~ya. •n~ ~~.ta:<..t there~n a p+rt thereof, unless in the form and with 1he los~ payable as afwsta~d: and in the went any sum -
of monty becomef psyable urxler such poliq w pol~ciea ia~d MORTGAGEE shall Mve N?~ optiw~ ro receive and appty ~hs iame on accouM of ~M indebted-
ness secv~ed hereby w ro parmit ~aid MORTGAGORS 1o retrive and uss it d any parl thareuf for ahcr purE•ases, w~~~out th~.eo~ wai~i~~g w~mpair• '•M
ing any equity, lien a ~~qht under w by virtue of thia mp:tga~e; snd in the evenl ta;d MORTGAGORS shall fw any reason fail to keep the said prem~us to
insured, or fail to delivcr promptly any of s3id po!ic~es of iniura~:e 1o s+~d MORTGAGEE, or (sil promptly to pay fully any p~emium theref~x or in sny t'~
:espett fail 1o pe~fwm, dixharge, eaecute, efFecf, canplete, comply wi~h end abide by Inis tove~ant, w sny part hereof, said MORTGAGEE m+y p~ace a~+d •
pay for such insurance or any part thereof withaut woiviny or af(ecting aoy option, lien, cquity, or right under p by virtue of Ihis Mwtgs9e, and the
f~.11 a~na,M of each and every such paymero ahal! be ~mmed~afely dw end payabte arul s1w11 bea~ interest from the date thereof w~til p:.id at tF?~ rat~ o{
~~r.e pcK centum per annum and toaeiher vv~~h su:h inte~~~st ihal{ be secwed by the Gen of thit mort9aye.
1. To permit, commit o~ suffer rto wasta, impainnent a detenoratioo of said praperty a any part thereof.
S. To pay all a~d singiisr the coats, charges and expenses, including a~easonable attaney i fee and co~ts oi abstr~cts of title, ir?twred a paid ~1
any ti~ne by sa~d MGRIGAG:E, because a+~ ~he event of the fa~lure on ~he prr~ o~ ~.,id MORTGAGOR to duty, promptly and fu~ly perform, d~xhsrge.
execute, etFed, complete, canply w~th and ab~de by each and every ~he st~pulat~o~s, agreements, cw?ditions, ~nd covenants of said prom~saory note end ~hit
.no~fgego sny or e~rlw., and sa~d cosb, tee~rges and expenses, each ~nd every, shail be im~nediately due a~d payable; whctl+e~ w not there be notice de
r„~nd, ane~~p~ to collec~ or suit patid~ng; and the full amoum of each a.~d every such paymeot shall bear interast from ~F~t date thereoi until paid ~t the
r.~r~~ oi nine per cantum Ner an~w:~; anc au sa~d cos~s, cnarges and expenses :rcufrea or paid, ~oyether wuh such imerest, sMll b~ t~cured by the lien oi thit
morigayl. "
Q That (a) in the event of any breach of thi~ Mor~gage or default.on the part oi the MORTGAGOR, or (b) in 1he evenf any of said sums of rrwney
herei~ refe~red to be not pron+ptly ard fully paid whhin thirty (30) days neat aher ihe sa~ne seve~a;Iy become due and payable, without demaod or oofite,
or ;c? in ti+e event each and every t{~e stipuiations, ag~eements, condit~ons and covenants of ss:d promiuo~y note and th~s mortg~ga any a either •rt not
ju:y, promptly and fulty ~rfwmed, d scnaryed, executed, ef(eued, canpteted, tomphed wi;h a~d ac~ded by, then in eitixv or any tuch ewN Ihe s~id ag~
a-.•?are svm mt~tione(~ in sa~d prooiissory note then remaining unpa~d, with interest accued, a~d a~t moneys secured hereby, shall become dve and pay-
ao e for~hwith, or thereafter, at the op':o:~ at sa~d A10RiGAGEE, as fully and compieteiy as iF aIl of the saed sums of money were aginally stipulated
~c he ~[d on such day, anythi~g in s~•d From~ssory note or in ~his 1Aatgage to the co~.+ra.y notwifhstandi~xJ; and thereupon a theresfte~ a~ the option of
s.~:d MORTGAGEE, without nonce or de~nend, w~t at law o~ in equity, therefo~e o? tt~ereaiter begun, may be proseculed u if all rtwaeyt tecured heteby ~
t.:d neiWrCd pnCr to rts institurion.
7. That in the evem that at the beyinn~ng of or at any tirne peading any w~t uFun ihis Mo»gage, 6r to foretlose it, ot to re(wm it, or fo enfwte
p.~,~em ot any cla:ms he~eunder, satd MORTGAG=E shatl apply ro the Cou~e ha+i~~9 j~•~sJ.ctlo~ thereof iw the appointment of a Receive~, such Cour1 shall
re•~hwith appoirl a receiver of sa~d mortyag~d p~operly ati a~d s~ngutar, ;nclvd•ng ~:i ar.d sin~ular the irtcome, profns, issues and revenues irom whatever
s_ u•ce deri.ed, ea.n and evcry of wh.ch, it t~e~r.g ~xpress!y undersWod, is Ferrby R.cnaaged as if spec+ficaliy xl fo~1h and described in the groMiny and
I~bendum c:auses hereof, and wch Receiver sF.ali ~+~ve a!1 the u.oad and ef{ec!Eve f.:r.ct~or.s and Fowers in anyw~se entrusted by s Cou~t to a Receiver, and
s_,h appointment shall be m~de by svch Co~rt as an admim~d equity ond a r.:~tter of abaotute r~ght to said h10RTGAGEE, and wittwut reference to the
acey~acy or inadrq~acy of the vaiue of fhe propcr~y morigaged oi ro u~r so:~e:~cy o+ ;nsulver.cy of sa~d MORiGAGOR p the defendants, and that sueh
r~ ~rs, profits, income, issues and revenues shatl br app~~ed by such Rrce~.er accord~ng to the tien w equity of said MORTGAGEE and the prattice of such
Court.
8. To duly, p~emprfy and I~;ly Ferfwm, d~scna~ge, execu~e, eSiccr, cun.plete, comply with and abide by each and eve?y the.stiputations, agreements,
,:r.ditions and covertanfs ~n sa~d promissory note anJ th[: mortga3e srt for~h. ' _
9. That in the eve~t the ownerohip of tF.e mo.?g.~ged prem~ses, cr anr part the~eof, becomea vested in a person other than the MORTGAGOR, the
:"RTGAGEE, ita ~~ccesw•s and ass,gr.s, rray, vc~~hout no~~ce to ~hr !~tORTGtiOR. deai w,ih such succeuw w successo~ in inte?est with roference to this
,~iyage and the J_•b~ i.ireby secvrecf in rt.e same manner as vv~+h Aluitgeco. w:thcut in any way vitiating_ or discharging the Nbt~gagors' lisbility herr
c!,~r o~ upan the debt r~c:rc~~ sewr~d. No s~:~ ci th: F:e~,uses hrreby +r,o.tgaged ar.d no (orbearante on the part of the MORTGAGEE w its successors
: assi9~s and no -~=~~••s~~~ .+s +ho t~me fo~ rr.e pay~r:~nt of rhe deb! h~~cby secured given by tbe IdORTGAGEE o~ its successors or ass'~gns, siwi) operate
c re~ease, d~scha•ge, mod.{y tHange cr eftect tce crig~nai I~au~l~ty of the MORiGAGOR herein, sither in whole or in part.
10. It is spec~~ica;~y ,~greed thar time is o~ ti~e essence of t6is contract and that no waiver of any obligatbn bereunder or of the oWigstion se-
currd h.reoy shal~ at any time thereafte- be held to be a wai:er of ~he terms htreof a of the ir.strumeM secu~ed herby.
11. !n aod.r~cj to She for~~GOi~g +e:or,ti:!y Na~~,~-nts of p•~.:c'~.al and inrerest ~equc:ed by the promissory no~e secured hrreby, morigagw eovenants
~ d agrees to ~ay ~o ~ro:tg=gee v.+th each mo~~~t~:y p~~~~:ent on add:~ional sum css ~•~a?ad by mat9agee to be equal to 1 f 12 of the anauat cost of the fol(ow-
,
A-AH real prope:ty tax.s ~e~ned or asse:s=c1 aya~nst the above desc~ibed rea~ estate. ,
B-Pr~n:~v:^s on tlre ~_.~^a••^••r :OSV!dr.~Z as here~n requ~red to be carned on ~he ~mproveme~ts situate on the above described premises.
C-Pre:nivrr.s on svch ma-tgage guar,nr~ inwrar.:e as mert~agee Sh~i1 from ::me ro time deem fit to carry on the loan secured hereby.
'i Mortgagee sha'+ 'rcm t1~ne to t;me notif; mor.yago• ~n w~it~ng oi the amount due and payable herevnder and such sum shall thereupo~ be due aod
~ ..,bfe on the d~e oate of the n~x~ :nonthiy eayment and each successive month there~iter urtil mertgagee shall notify mortgagw of s ehange in such
~ ~o~nt. S~ch sums s~all ?x app?;ed by n,or*gng-:e te:•.ard the payment of real property taxes, insurance Rrem.ums, and mortgage guaranty insurance
{ , _;:.~~ims.
~ y year first aforesaid.
~ IN l'JITNESS VJHERcOf, tke sa~d Pl.ORTGAGOR has hereunto set his hind and seal the da and
' ned, Sealyd a deiivered in the esence of: •
b- ~~L~QE~
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_~'~--1r occr,~t~ ?r~..~ it3 . ~~~n
:~atE oF ~,a f~f.., yo ,~K 6 i~ 57 A~ .
w e.. rc~..-~ E S ft ~v~~~
~u`JiY OF 'L (
Before rt~ penonslly appeared ~ John R. Caiafa
Lillian C. Caiafa his wife, to me weil known and known to me to be
~'~e ind~vidua!s described in and who executed .she foregan9 instrument, and acknowSedged before me fhnt they executed the same fw the purposes
}~,~e~n ezpressed. And the sa;d _ L_illlari C. Cdldfa
.~~fe of the sa~d iohn R. Caiafa upon s ~epar~ts ~nd pr'nate
~ ~~a~n~nat~on by me taken separate and apart from her said huaband, acknowledged to and before me that she executed said instrument freely and vol~rr
~ .~::y and w~thout eny c~mpu(sron, constraint, apprehens~on, or fear of or from her said husbarul.
Y~~TN~SS mq hand and officiat seal this_--_. ~G ~ day of ~ R~~- , A. D. 19
~ :
~ - ~J~e -~__.L ,L J~~-~ c--
Notary Publiclin and fw the State of florhta.~1 laff~f
~ My Commis~ion- expires: N, ` ~ ; e ~ ~
~ Return ro: T~~070S!A D. L_;,H ~
~ F~rst Federal Sa+ings S loan Associat~on KOTARY p'_:rii.IC, St:tle 71 Pi2.~ ~fr' ~
~ of Furr Perce. ~ ^ iiU_ G~J-~32%`.3'7 J: ~«I e~
Q~~~.'~f~~ '.fes.Cttest~r Co~fi~f • , r .
~ Fw~ Pi~.ce, Flor.da Te:m i:xr~:cs ~.•.arei~ 30. 3~r,
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This Instrument Prepared By J. Nal Roberts~ Jr. •~•'~0
~ First Federa) Savings 8~ loan Association ~::I: ~00
~ of Fort Pierce ~ F1olCida 33450
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~ Checked 8y $0~ ~ ~ .
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