HomeMy WebLinkAbout0916 3. To plece and cominuously keep on tha bui!dings now or hereaf~e~ ~ituat~ on sa~d Isnd a~d on atl equipmr~t +nd penonaily covered by ih;s marQ-
ay~, wilh all premiums thereon pa~d in full, (ire insu~a~ce ~n the usuai standa~d pot~ty torm, in a~um ~pp+ovad by the MORTGAGfE, and winds~am
inwraoc~ in ~he usual sundud pol~cy 1wm, in a sum approvad by ~he MORTGAGEE, in t~ch company or tompaniy u th~ NWRTGAGEE may
d'u~d; +nd all fire and w+n3srorm insurance policies on •ny oi sa~d build~~+gs, a~y :n?eresl ~hereir+ w p+?~ thereoi, in tM ~~rc9~te tum ~foresaid or
in eaces~ thereof, ihall coetain ~he usual siandard mortgagee clause o~ auch orher clau~e a~ th~ Mwtgsge~ may requ+r~. makiaq the losi under ~a~d poli~
cis~, each and evc~y, parable ro said MOATGAGEE as ~is iote~est may appear, a~d each and every wch po:~q shall be promptly us 9ned and de~ivercd to
any held by ss~d MORiGAGEE as fur~he~ aecurity ~e said ~nonga9e deb~, and, ~+ot leu ?han ~en (10) days in advance oi tM expirat~on ot eacfi pof~ty, fo dr
lira to said MORTGAGFE a renewal ~hereof, togethrr with a rece~pt fw the prem~vm of svch renewaF and thero shall be ao firo a windsto~m ins~ranc~
plx~d on ~ny of uid bu~ldie+ga, any imerest thrrsin or pu~ thereoi, untess in ihs form and with ~he ~ou p+Yab!e as afae~a~d; and in t~w event any ium
of mon~y bccanes payabie under such policy or pol~cies ~aid MORTGAGEE ~hall have ~F~e opuon io receive and appty the sartwe on auounl ot ~he indebted~
neu secured Aereby or ro pennit fa:d MORTGAGORS to rrceive and use it a any parr ~herepf lor o:he? pu~pases, vii~hovt Iherrtrr waiving or unpair.
Inp any equity, lien a~ight under a by virtus of this mo:tgage; and in the eve~t.said A1pRiGAGOR$ sha41 Ew any reasoo fail to kesp tfie said {xamiats ~o
insured, or fail to deliver pranptly a~y of sa~d poi~cirs oF inaurance to u~d MORTGAGFE, w fail p:omptly to pay fulty a~y premium thr~efor a in any
reapect fail to per(orm, discharge, execute, effect, comp~ete, comply with ~nd abide by thif tove~ant, w any parl hereof, wid MORTGAGEE may p~ate and
pay fa such insurance w any part thereof w~ihou~ wair•ing or affecting any opr~on, lien, equ:ty, or righf unda w by vi~tue of this Mong~ge. a~d ~he
fufl amount of each and e.ery such paymenl shall be i~nmediately d~e and payable anJ shall bear interesl from ths data thereof until paid a1 the rate of
nine per ceMum pe~ annu:n and to3ether v~irh s~ch inte~csl shall be s~cured by Ihe lien o( this mort9age.
1. To permit, commit p sutfer no waste, impairment a_detr~iorat~ai of said pfoperty o~ any patt thereof.
5. To pay all and singula+ ~he costs, charges and expensas, inciud~ng a reasonable a»wney'~ fee and wsts of absrrscts of title, incurred w paid at
sny time by sa~d MORTGAGfE, becavse or in tfie event oi the lailurc on lhe part of the said MORjGAGOR to duly, prompNy and futly pertorm, diuMrge
execute, e~fect, canp:ete, co~~ply w~rh and eb:de by.each and every ~he st~pu~a~~ons, rgreemenrs, cond~tions, and covenants ot said p~or~issory ~+ota and this
mortgage any or e~rher, and sa d costs, cl~arges and expenses, eacfi and every, sMll be ~mmediatefy due and psyabk; whether or ~ot there be norite da
mand, at~empt ro cotkct or wit pend~ng; and the full artwunt of each a~d evesy svch paymeM shafl bear. imcrest iran ?he date thereof until paid a1 the
rate oi nine per ;antum y~r a~~~~u:n; and aU said costs, char~es and exprnsea :rxuired or paid, tugathtt ~v~th suth intetest, shall be secured by Ihe lien of fbi~
matgage.
6. That (a! in the event of any breach of this Mortgage or default on tFx part cf the MORiGAGOR, w(b) in 1fie event aey ol ss7d sums oi money
herein rofe~red ro be not promplly and fully paid wi~hin thuty 13U) days nex? attrr the same seve~a:ly become due and payable, wilhout dem~nd o? notice.
w(c) in the eYent each and evzry the s~iFuiations, ag~eements, condisio~s and covenants of sa•d promissory note and th~s mortgage any a eilhe~ are not
~uly, prorr.pllY and fully performrd, d;scharg~d, executed, riiected, co+npleted, tom?i;ed wirh and a6~ded bY. ~he~ ~n eithe~ or arty such avent ths said a¢
pregate sum mentioned in said promissory note then remaini~ig unpa~d, w~eh interest aa~ued, and aft moneys secured hereby, shall becort~e dw and pay-
able forthw~th, or thereafter, at the opt~on of sa~d MORTGAGEE, as fu<<y and comp`.etely aa if s~t o~ the said sums of money were o~iginally ttipulated
to be pa~d on such day, anything in sa;d prom~sso~y note or in this hbrrgage to the comrary notwi~hstandiry; and thereupon or thereafter at the option of
said MOR[CiAGEE, w~thout notice or demand, s~it at law o~ in eq•~+ty. ~hereiore of tt~rreafter begun, may be prosecuted as if al) moneys secured hereby
had mawred pnw to its insr~iuteon. • ' ,
7. That in the evert that at the beginn~ng of ar at any t:me pe~ding any su+t upon this Mortgage, or to foretlose if, or to reform it, w fo enfoate
paymeM of any ua~ms fiere~nder, said A~ORTGi+Gtt sha:l apply to the Court havi~~g ~urlsd[ct~on Ihereof for fhe sppan~meet of a Receiver, svth Court shall
IOf1FIW:th appo~nt a rec-r~~+er of sa+d mortgaya3 proFn~ty r!I and singvtar, ir.ttu3 ng afl and a~r.guiar the intome, prafits, issves and ttvenues ftom whatever ~
source derived, each ane! ever~ of wh,ch, it ~eing express+y unde~stpod, is ~e~eby morigaged as ii specilitalfy ut fonh and deferibed in the granling and
habemlvm clauses herrof, and such Receiver shall have afi the b:oad and efiec~ive fv~ct.ons a~d powe~s in anywise Mtrusted by a Co~rt to a Receiver, and
such appoi~tme,it shaSl be made by such Court as. an admitttd equiry and a matter oi a6sotute righl to said MORTGAGEE, u~d without referente to the
adequacy or inadeqvacy o4 ~he vaiue of the p~oFe~ty mortgoged o~ to rhe so~vency or ~nso~vency oi said MORTGAGOR a the defendants, and that sucfi
ren~s, proi'rts, income, issues and re~e~vea shall be appiied by such Receiver accordmg to the lien or equity of wid kIORTGAGEE and tht p~attice of suth ~
Couri. '
8. To duly, prompt:y and futiy perform, discharge, execute, effect, co+np~ete, co~~ply with and ab'~de by each and every the stipulations, sgreements,
conditions and covenants ~n said promissory note and th~s mortgage srt fo~th. `.T
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9. 7hat in the eve~t the ownership of the mortgaged prem~ses, or any parf thereof, ~ecomes vesfed i~ a person othe~ than the MORTGAGOR, the V
MORTGAGEE, its succrssws and ass~3ns, may, w~,hov~ ~ot:ce to the ~AORiGAOT, deal wnh such succcssor w svccesso? i~ interest with refere~ce ro this ~
mortgage ar.d the debt hereby secu.ed in the same ma~ner as wrth Morfgagor wlthcut in any way vit~ating w d~ufiarging ihe Mwigagors' lisbility he~r- ~
unde~ or upon the drbt h~~reby sacured No sa"e of t!~e premises h~reby mo~tgaged ard oo forbeara~+ce on 1he pert of ~he MORTGAGEE w its successon
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or ass~gn: and no e,ctens~on of rhe ~~me 4or the paymem o~ li+e debt hrrcby secwed given by Il+e MORTGAGEE or ih s~KCessors or assigns, shall operate
~o re~ease, d~scharge, modify cha~ge or affect the crig~~al liau.,~ty of the MORTGAGOR herein, either in whole w in part.
10. !t is spet~fical{y ag+eed that time is o{ the essrnce of this contracl and tAat no waiver of a~y ob~i9ation hereundtr or of the obligation se- '
wred hueby shati at any time theieaiser be heSd to be a waiver oi the terms hereof w oi the instrument secu:ed herby.
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I1. fn add:t~o~ :o the foregQ ng monthly p~y,n_nts ot p:~ :c pal and interest required by ihe promissory note secured hereby, mortgagor covenanfs
and agrees to aay to r,ortgacee with each momt~'y pay~r.ent an add~~ional sum est~n,afed by mortgagee to be equal to 1/12 of the an~ual co~t of the follow• 1;
.
A-Alt real p~operty taaes ~ev~ed or as;~ssed aga~~st the above described real es}ate.
B-Pr~•^:~~ms,on fire and windsrorm insurar.ce as nerein rey:~:red to be carr~ed an tFw improveme~ts situate on the above described prem7ses.
C-Premiums or~ sud: mortgage guaranty ir.sura.:ce as morrgagee shall fron: r~me to time deem fit to carry on the bao secured hereby.
' Mortgagee sha~i f+om tim2 to t~me not~fy mortgagor ~n v~rit~ng of tF~e amount due and payable hereundri and such sum shall thereupon be due and
Fayable on the due date oi Ih: next m,anth!y payment a~~d each successive mon~h thereafter urtil mwigagee shall notify mortgagw of a change in such
amount. S~ch sums sl:ail be a-,:pfied by morrgagee towa:d the payment of rea~ pmperfy taxes, inturance prem:ums, and mortgage guaranty insura~ce
p~emiums. '
IN ~NIT~IESS 14'NEREOf, the sa~d MORTGAGGR has hereu~to set his hand and seat the day and year first afwesaid.
, Signed, Sealed and delivered in the presence of: •
^r_' - ~
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sT.lli~~= :;r1~"r? fiA.~ ~ +4
_ fN: ;i' T!i!S a~
Ci="r. ~ ~.i#:t CCif~~ •
~ - o«~:,. fr~ n
~~a~
STATE GF FLORIDA ` ~ ~ ~
couNnr oF ~St _ ~uc~g ~ I
3180~
Before me personal:y ap~a.ed _ _ Anthony. Altino and
Esanuela AltlflO his wife, to me well kr?own and known eo r++~ to be
fhe ind~v~duats dexr~bed in and who exewfed the fwega~g instrument, and acknowtedged before me that they executed the same !or the purposes
therein ezpressed. And the aaid Enanuela N. Altl=f0
,N~fe of ~he aa~d _ AIIt~lOtly AltiilO vpon a sepsr~te snd privat~
exam~nanon by me takan separalc aad apart from her said husband, atknowledged to snd before me that she executed said instrument frtely and volvo-
~an{y ar,d wrtfiout any compuision, consrraint, apprehension, or fesr of or from her said husband.
1N~TNESS my har,d and affic~af sea{ rh~:._- ZQth day of 5 t~b6r A. D. 19 ~ 5 ~
~ otary Pubfic in and for the Sbte of Fiaida at larye
- y Commission eapires: '
Ret~rn ~o: Notory rvbl'ic, s}a}~ p{ pb~
Fint Federal Savinga 3 Lon~ Asaociat~on
I Of fort P;erce. CO^""'ss'O° ~P~?K April 1S, 197~
Forf pierce, Fiorid~ . ~^'d'd bY AmerKan f/:• d, Co~rohp
lz::~ti;..,_
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This Instrument Prepared By 1. Hal RobeZti~ Jz.
' ' : • 6,~ -
First Federal Savings 8 Loan Association ~ :
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of Fort Pierce ~ Florida 33450 :
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Checked By ~ " . Y^~~~ `~~y ~ ~
~0~~244 PACf 9~~ ~ ~ ~
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~ SA
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