HomeMy WebLinkAbout1437 To plac~ and contirwo~ily kt~p on th~ buiidinp~ now w Mr~afqr ~iN~q on ~ald I~nd ~nd on ~II puJpen~nf and p~nonally wvM~d by 1~+Ia maq~
p~, with ~11 prtmiwns tMrw~ pa~d 'a+ full, fir~ in~w~~u in tFr ~w+l ~undud policy form, M a~wn ~pprowd by tM M~RTWIGEE, a+d windatam
Mwxana M ~M vsual sra~+dud poGcy lum, in • sum ~pprov~d by ~M MORTGAGEE. 1n ~uch comp+nY or oompMlN a tM MOQTGAt3EE rnay
di~~ctj ~+d all fN~ ~nd wa+dsarm inwru+o~ P~ic~a on any oi aid build~np~„ any ie~h~ tMr~in w part tMnof. M IIN y~eW~~ wn? afa~~aW a~- ,
In ~xcsu ~her~of, slrll conrain tM ww1 ~~andaad morty.~ ciau~ or ~uch aha ciw~ a tlr MarpapM n++y rpvin. makinp tl» Iw~ w~ w~d po1F
ci~s. ~ach wd ~vay. MY+b1~ to uid MORTGAGEE ~s iq infKNt may app~~. .nd each aed ~wry wd+ poucy ~h.11 b. p.omp~ty ~s:pn~d a~d d~~v.r.d a Y~ y
~ny Mld by sa~d 1NORtGAGEE a~ fu.tl?H Ncwity ~a said matQap~ d~bt, ~nd. no~ Ins ~han ~M (10) dap G+ advanu of ~M ~aph~tan of ~ach poticy. ~o d~
livu ro wW MORTGAGEE • ren~wal tMrsof, ~op~tl~w with ~ rea+pt fa tM pnmiwn of wcA ~~w~l~ ~~d tMr~ ahall M ~o fir~ a wind~ram insw~nu
pl~ad on ~ny of aid bvild~eg~, u~y in~er~a ~Mrein a p~r~ tMnof. w?I~ss io d» fam ~nd with tl+~ ~ws p+Ysb1~ a dore~stdj ~nd in ~M ~wnf any wm
of nar»y becan~s pay+bl~ vndK such pol~cy a policia s+id MORTG/1GEE ~hall haw ~M option 1o nuiv~ u+d ~pply tM sam~ on +uo~nt of tM ind~b~~d }
nns acw~d hK~by a b pKmi~ ~id MORTGAGORS to r~uiv~ and uw h a++~y pa?t ther~o! fu o~ha purpo~e~, without ihaeb~ w~ivi~ a irnpai~- r
inp ~+Y p~riry. I'Hn a ripht vnd~. or by vwtw of ~hi~ mortpp~s ~nd in tM ~vent said MORTGAGORS ~h+H fw ~ny rwwn fatl ro kNp tht uid p+anisa so .
Muvnd, a fafl a d~livt~ pompt~y ~ny of said politks of inswanu ro a~id MORTGAGEE, « fail promptly io p+y fuly a~y pr~+nium N+a•for a in ~nr -
r~spect fail b pNiorn~, dixMrp~, ex~cva, efi~et, compRt~, oompy wi~h Md ~bid~ by tha cowe+n6 0~ ~nY W?~ Mrwf, s~fd MORTGAGEE m+y pbw and
pay fw suth (nwr~no~ w~ny patt tMreof without waivinp w~ffectinp ~ny optan, Ibn, eqvi+y. w ripM vnder or by virtw of this Mort9p~, and tM .
full aena,ro of e~ch and evNy wd~ paym~nt shall b~ immedi~nly dw ~~d p~y+bb ~nd sMll b~ir k?tKest fran tM dat~ tiwr+ef'until paW ~t th~ raN of
niew pK eauvm pN anrwm Md toy~~h~r with s~eh intK~st iMll b~ saewed by tM li~n of this mwt~sp~.
1. To pKmlt, oaronlt a~ wffa no wuN, Impakment a detKior~tion of ~id p.opsrtp ar any past tM?wf.
S. To pay ~II and dnp~tsr th~ cwn, cha?p~s u~d ~xp~nws„ t~cl~rdinq a rasonabl~ snorn~y's fN a~d aoin of +b~tracts o~ Htl~, incuR~d or p~id
any time bp ~a~d MORTGAGfE, b~cauK u in rM ~wnt of tl+~ f~ilw~ oo th~ put of tM uid INORTGAGOR w duly, prompty and (~lly p~form, d~sch+~,.
exacut~. dfad. compkt~. complY wi~h ~r+d ~blde by ~ach and wery ths ttipulations. ~pr~emenn. conditioro, a~d aov~nanq of said promissory nW~ and tha
morgp~ any w ei~he?. u~d s+~d cosb, chuyss u~d ~xp~nses. each and ewry. sMlt b~ ImmediNely dw ~nd pay~bbs whetlar a not t?w~~ k» eoria dr
m~~d, anempt ro coliect o? wit p~nd~n~j ~nd tM fvll anwunt of ~ad~ u+d we+Y s~uh p~ym~e~t ~MII bsar intens/ frw~ t!r d~h tl+N~of untq patd al tM
rate of nirK per centum por ara.um; ~nd all said costs, char~s and expsnse~ enarcnd a paid. Iopather with such intw~st, ahail b~ ~cvr~d br the li~n o1 Nw
^artp+0~. •
6. ihaf (a) i~ ths ~wn1 of any br~xh of tha Mortpp~ or default on 1M part oi tM NWRTGAGOR, w{b) b tM ~wnt My Of Mid wn+s of momy
heretn nfend to b~ no1 promptly snd f~11y paid wi~hln fhirty (30) d+ys nex~ aha tM san» a~w~atly b~car» due snd payabh, wl~hovt damand or eatiu.
a W k~ rh~ ~wm each and ~vsry ths :tiputai~o~ ag~~emen», cooditions and coven~ots oi ia;d promissory not~ and tha morqap~ +np a~itha ~r~ not
iuly, prompNy ae~d fvlly perforrtwd, disthuyed, executed, ~ffsaed, cornpl~ted. compli~d with ~nd ~b~ded ~iy. thM in ~itiw w any ~uch wMt th~ s~id ~
pre9at~ wm mentioned in uid p?omissory note th~n ~em~i~inp unpaid. with intaest acuued, and all moMys wtw~d Mr~bY, sMll b~oomt dw and pay-
~bl~ (wthwfth, w thereaft~r, at th~ oprion of said MORTGAGEE, u iully and complerely ~s if ~II of ths said suen~ of nq~yy wer~ aginally ttipvlat~d
ro b~ paid on such day, anythiny in sa~d promiuory rwt~ w in ~his Maty~pe ro the contrary notwi~hstandinQs and tMr~upa~ a tlur~ahu N tM option of
said MORTGAGEE. without notice w d~mand, wit N law or in puity, th~rtfon p thereafter beyue~, may b~ prw~tut~d u if dl ma~tys sKUnd hK~by
had m~tvnd priOr to ib iMtifutiOn. ~
7. Th~t in th~ ~vent ~hat at the bs9im+inp of a at any time p~ndrg ~ny suit upon this Morty~pe, Ot to faeclo~ h, or to nfarm 11, or M~nfwa
payen~M ol ~ny di~ms hereunder, said MORTGAGEE ihall apply to the Cov~t havirg juri~d~uian thereof iw tM +p~intm~nl o~ ~ Recetv+r, axh Cowt ahall
Futhwith appoiM a recelver ot iaid mort9aped property all ~nd sinpulu. includu+g aIl and tinyulu tM incom~. pro~its, i~sws u~d rtwnuet ftom wMf~
wuru derived, each and every of whicA, U beioy expressly undHS~ood, b l+~reby mort,~~ged af if spec7tic~lly ut fath and dascribad in th~ y~antinp and
Mbendum clausn heroof, and such Receive~ sh~ll Mw aU tM b?osd and effeaire funa~ons N~d pOwHS in ~mwii! Mfrv~tt/I by ~ CovN to a Rsoeiva, ~nd
such ~ppoinfinent ihall be made by such ~ourt q an ~dmitted eQuiy and a m+ner of abwlut~ riywt ro siid MORTGAGEE, and withoul rtfaMU ro Ih~
sdequacy or inadeqwcy of the vslue of the property mortyayed w to tF~e sotre.xy or i~solvency of s+7d MORTGAGOR or tM defendanq, ~nd that such
r~n~s, profit~, income, issues and rwsrkr~s sh~ll be ~ppli~d by wcfi R~ceiver accordinp ro the lien or puity of s~id MORTGAGEE and th~ pnctiu of such
Cowt.
8. To dufy. Promptly and fvlly pe?form. d'acMr9e. ~xewte. ~ffeN, carplet~, tomply with ~nd ~Wd~ by ~ch ~nd w~ry th~ stipulaYwra„ aqre~ments,
cond7taro and covenan~s in said promissory note and this mortyag~ set fath. 7
9. Thst i~ the event the ownrrship of 1M mo?tysged premises, a any put thereof, beooma vested in • pKSOn othe~ th~n tFw MORTGAGOR, th~
MORTGAGEE, in succeuocs and auigns, may, without no~ice to fhe MORTGAOR, deal wilF~ such suaessw w wcceuw in interesf with r~fKenu to Nw
morty~ u~d the dcbt htreby secu~ed in the same manner as with Mwtgagw without in any way viti~tmp or disthupinp 1F» Mw~9apws' liabiliry her~-
unda or vpon the debt hereby secured. No sale of the premiKS F?eriby mort9a9ed ~nd no forbeawnce o~ tFr p+rt of the MORiGAGEE or in waesi«s
w usgro and no extension of the time fw the payment of the debt hereby secured 9iven by tM MORTCsAGEE or itt suco~ssas or as~ipns, sh~il oper~t~
~o nhau. discMr~, modify ch~rg~ w~ffect tFw aipinal liab~lity of the MORTGAGOR her~in, atlwr in whole w N put.
10. If is specificslly egreed ~h~t time is of rhe essence of fFw ca+tract and fhat no waiwr of any obUpatiw~ Mraunder or of th~ oblipafion sr
curad haeby shall at ~ny time thereafter be held to be a waiver of the t~rms Mreof a of the iAStrwneot secwed herby.
11. In addition to the faego:ng monthly payments of princ'pat and interest required by the ptomiuwy rale secvred heteby, mOrtya9or cownants
and agrees to p~y to mortgagee with each monthly payment a~ addirionsl svm estimated by mottgagee to be eqwl to 1/12 of fhs amwl cost of the folbw-
irx~: • ~
A-All rcal property taxes kvied or suessed a9aimt the above deuribed rea~ estate.
B-Pcemiums o+~ fire and windstorm insurance as he~e+n requKed to be urried on the improvemenh sitwte on fht abovt desaibed {x~mi~es.
C-Premiums on such mortgage gua~anty insurance as mortyagee shall from t~me to time deem fit to urry on the ban secured hereby.
Mortgagee shall from rime to time notify matgagor in w?iting of the amount due and psysbk herevnde~ and such wm sh~ll fhereupon be due and
~ayabk on the due date of the next monthly psyment and each successive month thereafter ~ntii mwtgagee thall notify mortgsgw of s thsnpe in wd~
amount. Such sums sF.all be applied by mortgagee toward the psyment of real property taxes, inwrance prem:wns, and mortyspe yuuanry iot~ruK~
premiums, ,
j IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and yesr fint aforesaid.
~ Siyned, S~akd and delivered in tM ptesence of: ~
i ~~J c~li ~NII
G -
f l' l ~ ry ~
~
~ ~ Ka en L. Vascellaro ~ ~4
~ STATE Qf FIQRIDA ~ .
~ ~
countnr oF St _ Luc ie
Befa~ me personally aFpesred .~O~1T1 S, Vascellaro
Karen L. Vascellaro his wife, to me weil known and known to m~ to b~
the i~viduals dewibed fn snd who sxtcuted the fweparg instrum~nt, and acknowledged befor~ me that tMy ~xecuted the sarn~ fo? tM purpose~
r?K~~~, exa~d. a,a ~t,~ ~,~d Karen L. Vascellaro
W;~e of ,h, „id John 5. Vascellaro p,~,,,,r
~ examination by me taken separa~e and apart from her said husba~d, atknowledped to and befae m~ that she executed said instrvment frqly and wlvn~
tarily ~nd without arry compulsion, constraiM, apprehension a fear of or from her said Fwsband.
~ WITNE55 my hand and official usl this ~y of November ~ p. 19 75
~ o.~~n..~, - %~rt~-~z
[ Notsry Public in a~d f Stat~ of Fbrida ~t lupi
? '
My Commiuion eapires: 3~) • 7
~ Retw~ To: ~ ~
~ Finf federal O v
Fng t P~eloan Association y~: ~~-~~~~`!i~'e~i-
b Fwt Vierce. Florida •s' ~ ~ Y~ ' -
Fil D t~w:, ~_~~UED . _ . .
~ St.ltlC~= :.~J f . " l~•~t~`i,ljd'~`
~ ` r )tT~RAS` ` .O. ~~ts
~ F.G~ ~Jli COURt = ' . %f• ~
~ CtER~. ; i:.; " -r~ ;
~ r.,r;c~ _ .
This Instrume~t Prepared ByDonald fi. Hughel~r~~~ Y- <
. ,.:'~,~-t! d 10~~~' b - '
First Federal Savings 3 loan Association t I%~: ,z;,-~• ti :
Florida 33450 5 l~ 33 pH 75 ,
of Fort Pierce ~ u..~~. ~L:~~ :
' '.'t. .~','i;~.t°~!?i `
~ Checiced By
32U352 ao~x2~~J ~1~
~ r : .
, _ dz
~
z ~ ; - - - _ _ _ _ _
' ~`~s-' ~ :x
- ~ i
~