HomeMy WebLinkAbout1720 3. To place and con~+nuousty keep on the bu~:d,ng• now w hereafter ~ituste on sa~d lerx! and on alt equip~nent snd pcrrondly covered by this mo~t~
ege, wi~h all premiums ~I~rrcw~ po~d ir. f~ll, f~re ~os„ianca m the ~su~l uaf~a:d po'~cy fwm, in a wm spproved by the MORIGAGEE, a~d winditwm
~ns~r~oce in tM wuai sta.Rdard pos:cy form, in a:um ~pproved b~ Ih~ MOR1GhGEE, in iuth company or ca+~panits a~ ~1» MORiGAGEE may
duecr, ~nd aU ina ~nd w~ndarorm insuran:a po~~r.es on ~ny of •a,d bu~+d~~ys, a~y ine~re~t thcrei~ or parl thereof, i~ ~M agqrr9ate wm atwesaid or ~
in exteu the~eof, shall :ontain the utual ssar.da~d mortgagae clava w such other t~auie a~ tM Mwtga9ee may ~equ~r~, makinp tl~e ~oss urxle~ f~cd po1F
aes, each a~d every, payabla ro sa~d MJRiGAGfE as inn~rit may •ppea~, e~id each and evc~y auch po~~c~ shall be ptomplly a!a gnrd and de:~verod ?o
eny held by sa~d MORIGAGEE a~ further ~ecurl~y to ~aid .no~tflafle debt, and, not leu than ten t10i dsys in aJ~ance o1 ~he eapirat~on of eac~+ po~~cy, to de~
I,ver lo uid MORfGAGfE a renewal thereof, togethar with a receipt fw the premi~m of auth ~enewal; and thrre shall b~ no fire o~ winds~orm inwrants
piacsd on sny of sa~d bvildings, any imcres~ ~here~n a par~ thereo(, un.rs: in rhe form e~~d w~~h the loss payabfe as afaeseid; ~~d in ~he evem anY sum
of money become~ paY+ble unde~ such policy a polKiat u~d MORIGAGEE shell hav~ ~F?s optwn ~o receive and sppty the iame on sccoun~ of the indabted-
neas secured hereby o~ to pl~mit sa~d MORTGAGORS to receive and ufe it O~ any part thrrcof for otnrr µurF.oses, .v~tnout th~rro~ ~n•a~vi~~g or ~mpair- l
ing any equ~y, lien w ~ight urtde~ or by virtue of this mo:•gage; and in ihe even~ ia~d MORTGAGORS shall !or any reason faJ to ktep ?he saici premisr~ so
~~s~red, or (ail to del~ver pranptly any of s.iid pol~ues of insu~ance to said MORTGAGEE, or fai! pron,p!~y to pay fully any p~em~um therefor a in a~y -
respect fail to perfam, discharge, execute, e(fett, complete, cors+Fly with and abide by th~s covensnt, or any parl hereo(, sa~d MORTvAGEE may place and
pay (w such insurencs w any part thereol w~thout waiving ot af(ecting any optian, Gen, equ~ty, oi righ? u~J~sr a by virtue oi this Mo~~gage, and tht
f~ll artwum of esch and every such payment shalt be ~mmediately dve and payable and shall bear intrresf irom the date thereol umil paid at the ute ol
n~ne per cenrum per e~^~,~~ .~*~d togcih:~c with wch in~rres~ shat~ l,r s~ured by the fen o( Ihis mwtgage.
1. To ~rmit, commit w su(fer no was~e, impairmcnt or deter~orafion of sa~d ~roperty or any part thereof.
5. To pay ail and singula? the costs, charges and expenses, includ~ng a reasonable attaney's fee and cos~s of abstracls of title, incurred or paid at
any ~ime by sa~d MORIGAG.E, because w in the even? of the (a:lure on the part of ~he said AIORiGAGOR to d~ly, prompNy and fufiy pe~form, d~scha.9e.
execute, effcct, comptete, co~nply w~th and ab:de by eacfi a~d every ~he stipularons. agrrements, cond~nons, and coverwnts o( sa~d promissory ~ote snd ~hi~
~„orrgage any w e~~her, and sa:d costs, chargrf and expenses, exh and every, shall be immed~ately due and payeble; whether o~ not there be rv~tice dt
m~nd, arte~npt to co~iect or suit pend~ng; ar~d ~F.e full amount of each and every fuch paymrnt shall bea. in~~rest (rom the date Ihereot until paid at the
04 nine per crntvm pcr amw,n; ~nc ~r said c~au, cba:~rs and ~xpenses +nc~rred w pa~d, togethet w.th wch mterest, shall be stcured by the lien of this
mor~gage.
6. That (s) in the event of any breach of this l~brtgage or defau:l on the part of the AIIORTGAGOR, or ;bj in the event any o( uid sums of money
herein rrie~red ro be no~ pro~:~ptly and fu:~y pa~d wrthin tha~ty (3J) days next a+te~ the same serera:ty become due snd payable, w+ttwut demand o~ notite,
or (c) in the eveni each and every ~he stip~iatio~s, agreemrnts, wr.d~tions and co+ena~ts of u.d promissory note and this morlgage aoy or e~ther are nol
~u:y, promptly and iully pertormed, d scha~g~~J, executed, elfected. compteted, compGed w~th ard ao~ded Sy, then in e:~her or sny such evenl the said ag
3''-3~'e sum me~tiw~ed in sa~d prom;~sory note tnrn re~naining unpa~d, with interest acu~ed, and atl monrys secured hereby, shall become due and pay-
e[:.e fo~thwith, or thereafter, at the op~~on oi sa~J h50RTGAGEE, as fuliy and tomp:ete`y as if all of the said svms of money were w~ginatly st~pulated
+o b~ pa~d o~ svch day. anything in sa:d pro:n;ssory note o; in ihis blortgage ~o rhe con~rary notw~thstand~ng: and therevpon o~ the~eafter at the option of
~.d MORTGAGEE, v.itho~f r.ot~ce c• dem3nd, suit a~ !aw or in equi~y, thereie~e or n~areafrer begvn, may be prosecuted as if all moneys secured hereby
r,d matwed pnor to ~ts institu!ion.
7_ That in the rvent tk,at at rh~ bey:mm~g nf u at any t~me pe+~di~+g any su~t upon this Mortgaye, or to forr_lose it, or to reform it, or to enforce
~~.mem of any da~ms herrur.d^r, se;d hI~RTGAGcE sha~l apply to the Co~n hav~ng ~o,~id:aion theteof for the appointment of • Receiver, such Court shall
~-rh.4ith appolnl a rece~~.er of sa~d mortgeg:d property ail and sEng~!ar, inducl.ng aIl and s~nyu~ar the inco~:e, prof~ts, iuues artd reve~ues from whateve~
:rce derived, eacF and every ot wh ch, be~ng expressty ur.denrc~d. is Fereby mo~ryeged as if spec~fical~y ut io+th and deseribed in the graroing and
i,! ~~dum davses hereof, ar.d s~ech Rece~wer shall ha.e aH the braad and efiect~ve fur,:; ens and pov~en in anywise entrusted by e Gourt to a Receiver, and
s. cn appo~ntme~v shal; be made by such Cour~ as an ad,r,i~ted equity a~d a mener oi ai,soiute nght to sa~d MORTGAGEE, ar.d without refereoce to the
a<:-,~~„acy or inadequacy of the ~aiue of the prOperly e,or~gaged w to the so~~e~cy o. ~r.5oiverxy of sa:d MORTGAGOR a the defendaMa, and that such
•.~s profits, income, issues and revenues shafl be app~~ed by auch Recaive~ accord~ng the lien or equity of said MOATGAGEE and the practice of such ;
.:~urr.
;
8. To du!v, prcmpt;y a~ lulty perform, dis:harge, execute, eiiect, compiete, co•~~piy with and abide by each and every the stipulations, agreernents, 4
d.~ ~ns and covenann ~n sa~d promisswy r.ore ar.d tn[a n,orrgage set forth. ~
. ~
9. 7hat in tke evem she c,wne~sF.+;~ of ~he mortgaged prYCi•ses, o• any pa.t tF.rreof, becomes vested in a pe~son other than the MORTGAGOR, the ~
."~~GAGEE, its wccess:~s ar.d ans:uns, mdy, n ti~O~i /•Gt;~! to rhe ~"ORTG%-JR, dea~ w~~h such succeuw a successor in imerest with re(ere~ce to this
~.:•+g~gc ard thc d~_ut t;e•eGy sec~~ed in tF~e serie ma^r,er as ~.ti~tF. ~.1o~tg,3or wrtho~~ in any way vitiating w d~uha~g~ng the Mwfgagori liability here-
_-ier or ~F~~ fhe d^bt he~eoy sco~re~. fio sa!e of +i~e ~.ren•nrs h.•reby mvriqaged ar.d no fcrbearante on the pen of ~he MORTGACsEE or its successots
as;l~ns ard no exten;io~ o! fhe t~~re ior thP pDymrnt of th~ debt h^rci;{ securztl givcn 6y Ihe MORT('iA('aEE or its futtessors M assignf, ahdll Operata
c• re~ease, d.sch„rge, mod.fy change or aiie.t the c~~g.:~a! liao:~,ty of tn~ h,URTGAGO~t herein, either in whole or in psrt.
10. It is spec:fic~tty aoreed ~nar nnte is of t4:e essecce of this contract and that no waive+ of any obGgatio~ hereunder or of the obligation
_~red hareby sha!~ at any time therea+ter be he!d to F.~ a wa~ver of ih~ !erms hereof or of the instrumeN secured herby_
11. tn ;dd sfc.~ ~o f!:~ iorrgo ~~ry ~nentl~!; s:~;~^ents of p~~n: ~,3I a~d '+::en>t .equireJ by the promiuary no!e secured hereby, mortgagor eovenants
d agrees to p~r io nw~tg,y•.e v.~~h rach cn~h ra,~ :e~+t an odci.r:•;na: s•~m ess,r~a`ed by mwtg,~gee to be eq~al to 1;, 12 oi the annual cost af the follow-
A-AC rea! propcrsr ta.es tev:-:c: or jssesa_d. y~i at the ai:ove desui;ed real es~ate. "
B--P:,~~~~~u-:s on firc and w:^:isr~:,n mzur,~ ca 3s nere~n rrqu;rrd to be ca•.~~d o~~ ~he ~mpraveme~ts s[t~ate on the above describad premises. i
G-Prer~:~~~r•s o:~ svcn mc:! g:,ar~•:ty icso~a~,e as mo-tyagee shail frc-r : me t~ eme deem fit to carry on the loan secured hereby.
i Rlortgagee sfi;'1 4rom time ro a~mc no+li: mo.:gagor in wrinrg of the a~nount due and payable hereunder and such sum shall thereupon be due and
~ ..~:~'e on t!~c d~e dare of rh= n.•xr no^th'~ paym,F.nt and eacn svccesswe :nonfh thereafter ur.til mortgagee shali notify mortgagor of a change in such
j --~,~ni. S:,ch sums sF.a~! be ap,~::eci i,y mortgagee rona~d the payment o! rral property tazes, insurarxe prem.ums, a~x! mortgage guaranty insurance
~ . ,'~~:UTS-
~ IN ~IItr~ESS :VHER~OF, the sa~d MORTGAGOk has hereu~to set his hand a seal the day and year first aforesaid_
Signed, Scaled and detivered in the p~esence of: ~
~ ~ ~ f:~Ea ~vc ~_~~~~~o ~ . ~ •n
~ ,~l~J~;..Uz/ S1.L~r;~i r,~UKiY Ft~ d A DiBartolo~eo .
~ pc;. ; ;a~s ~ •n
_~~~-~T-~
~ _ - L~~~{~tF.?, ~.~:~z cou~z
a;l`~; ` "1
Seap
,
_'~.;c OF fLORIDA MAr~to~ ~ 12PH'~~ ~
~~8.215
~ ~ "~U!dTY OF 5~~~.- _ 1
Before me persona!ly aP~a.ed _ Gerald A. DiBartoloaeo .lY • end
Pallla A. DiBartoloaeo his wife, to me well known and known to me to be
~nd~viduals descr~bed in and who executed the forego~ng imtr~ment, and acknowiedged before me that they executed the same for the purposes
~ ~~ein exprcss?d. And the said Paula A. ~BaYtOlOIIQO
'e of the said ~Ydld A. DiBartoloaeo Jr. , upon a iep~rote and p?ivst~
~ .~-:rat~on by me taten separa!e and apart from her said husband, acknowiedged to and before me that she executcd said instrumenl freely and voloo-
~ a~d w+rhout any compulsion, constra~nt, apprehens.on, fear ut w irom her said husband.
~ V~ITNESS my hand ard afficiai seal th[s_ day of_ ~y A. D. 19 75
i1 i~ . ~
~ .
Notary Public in and {o~ State of Flwida at large ;
:ti
My Comm~ssion expir' -3 p ~ 6
~ ~2:ufn ~O: 1 ~
Ffnt federal Savings 8~ loan Assouat~on ~ F
t~ Of fort P.e;c~r. i
,~;~+1:11i.
~ Fort Pierce, Flurida " '.r t~ - ~'%i
~ , , ~~v..,. ~ .'rii
a ''c ~ ~r
. _ ~ t}:.
~ r'~'
This Instrument Prepared By RobtYt A. Swisher Jlc• , t
~ First Federal Savings 8~ Loan Association = ~ '
~ of Fort Pierce ~ F~oYida 33450 , . . =~r, . , ;;J ~ ~
~ ~ • v . i~!~
Checked Sy 0 R -
~ ~ 1,715 _ ,
~ BC~K ~rJ~ ~AGf ,
~
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