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To pl~u and ca+tinuously keep on th~ bui'd~n~s now w Mr~~hp uW~te on aW I~nd and on ~11 eqvipn~ot u~d pKrauily aova~d bY ~~a ma~ ~
p~, wi~h dl prunkar~s the~oon pa~d in fuil. Hn insw~nce in ~1a usw! ~undard poticy fam. In a wm approv~d by tM MORTGAGEE, Mxl wir~lwm
irawa~ in t!a u~wl ~:anda?d poiky fwn~ 'rn ~ ium app~ov~d by tM MORTGAGfE, in wch comp~ny or cwnp~ni~? q t!w MGRiGAGEE may ;
dirsd~ and ~II fk~ and wa+ditorm inswanc~ potic+~s on any of said build~npt, u~y {~t~~e~l ~huNn w pat tMnof, in ~!M app~p~t~ wm ~fores~W or
In uca~s ~Mnof. shall cont~in tM ~w+l sur~dud ma~g~gt~ clavs~ w wd~ aM~ cfws~ ~i tlw Mo.p~ maY rsqv'u~, rn~kinp th~ los~ ~ w/d polE
cN~. ~+ch ~nd way. Wyeb4 w sa;d MORiGAGEE as its io~~rest maY +Ppe+~. a+d ~ach and we.y such policy sMall b~ prompily ~a pMd ~nd delivNed w
ser Mld by s~id MORTGAGEE as fwtMr wa•rity to said mwtys~e deb~, ~nd. ~ot ku Ih~n Nn (10) days in advance of tM ~xplr~ti~n ot ~ach policy, to d?
Irv~t ro uid MORiGAGEk a ren~wal tM.eof, top~~Mr wi~h • recsipt for pr~enivm oi ~uch r~e?~wal~ ~~d th~r~ ihall r+o fk~ w wind~tam imwa~u
pl~pid on u?y af uid buitd~nps, any interss~ tia«in or pu~ thareof, unku in rho form ~nd wi~h tM lou p~yabt~ a~ st«~satd~ a+d ir+ ~I» ~wnt any wm ~
of mon~y b~comss psy~bl~ ~x~de~ ~uch policy or policas said MORTGAGEE ~hall haw tM op~an ~o receiw end ~pply tM sams a+ accovnt of tM Md~bted~
n~as f~cunrd hw~by or 1o pe~mit said MpRTGAGORS fo nuive and es~ N or sr~y par~ thsnof For aher pwpose~„ without rhsreb~ wai~inp a impaiti -
inp any p~itj?, lan w righ~ u~d~r a by virtve ot t1+h morty~r, u~d tn tM avent ssid MORTGAGORS thell fw any reawn fail to ke~p th~ said pnmi~ so i~
Irour~d. or fail b dtliver p~omplly My oF ~sid polic;e~ o( Insur~nc~ ro fa;d hWRTGJ?GEE, oc (~ct promplly io p~y iully ~ny premivm tM~~far w in anr ..-y~ 's
rtfpect f~i) b periorm, dixhar~e, ex~cut~, ~ffsct: complere, tomply with ~nd ~bld~ by thf~ 4ovsnant, o~ anr ptrt Iwreof, s+id MORTGAGEE ?uy plap ~~+d
pay for auch int~ranc~ or ~ny paH lhereof witho~t wiivirg or ~ffectir+p ~ny. opliay 1'~en, eq~ity, w riyM v.~der or by vi~tw of this Mortyapt, and tht
full acno~nt of each and ws.y ~~~ch payment sh:fl bs im+nediitely dv~ ud pry~bb and shaH bear i~tKest fran tl» dats therw( until paid m tM aa~ d r' ~
nine p~~ cMtv-~ pat arnum ~~d topNFxi with ~uch intarost ~hall be secured by tM li~rt of this mortyage. ?
4. To mit commit or suffer no wa~te, ~ umcnt w deterioration of a+d
F~ . ~+W' W~h? a ~ny put t!wreof.
5. To p~y all ud stepu~u ths costti cl~ryes ~nd expenses, incl~dirp a reason~ble stton»y's fe~ and a~a» of abstr~cts oi titl~. incun~d o~ prid d '
my tims by s+k! 1NORiGl1G:E, b~csuse a in,the event of ~M f~ilurs on tM put of tl+~ asid MORIGAGOR fo duly, piomptly end fully pKfa~, difcMrg~ ew..-~:
exccvte, effset, compkte, comply with and ab'~de by ~ach ~rx! every •he stipulanons. sq~eements, tonditiau, and oown~nts of uid pramiuory not~ and tlw ~
mat~pe +ny w eithe+, ~nd ~~d costs. chK~ ~nd expenies, each er+d ewry, sMll be immediat~ly due and payabbs whe~Mr or e+ot tfia~ bt notip d~ ~
mard, ~tt~mp~ to cdlect w wjt pend~ng: and the full amovnt of esch end rvery wch paymeM sMll bear intero~l fran ~Fw dale tMrwf u~lil pald af tkw
rate of niM p~t ce~tum per ~nnurn; and all ssid cosn, cnar9es and e=penses i~wrr~d or p~id. topethN with tuch intt~est. shall b~ sawred by tFr Iwn of tF~
^~o~ty~qw
b. TMt (s~ in tM event of any breach of ~his Mwtysge w defautt on the part of tM MORTGAGOR, p(b) in th~ rnnt ae~/ ofi uid wms of money
haein rofarred ~o be na p.omptly snd fuliy paid wirhin ~hlrty {30) days next ai~er the iarne ~everally becan~ dus ~nd pay~bb, wi~how dsmH+d ~ar notiu, `
e? W i~ 1M swnt each and every ~M stipulationt, ~g~n~+e++b, cooditions sod covensnn of said promissory eot~ snd this mortg+p~ wry a~iNw are no1 {
lvly. promptly a.~d fully pKformcd. ducharged, eaecutad. ~ifected, completed, complied with a~d ab~ded ~iy. 1Mn in sither or any wch w~M t~ aid ap~ '
prcyste wm msntionad In said promissory nbte then remaining unpaid. with inter9sl acuued. +nd all monsys securcd hsr~by. ~hall betarN dw ud par - ~
~bl~ forthwith, or thtresha, at ~he opt~on of said MORTGAGEE, ai fv~1y and conK~letely a~ ii all of ti.e said swm'of ma»y wen a~p4~lty anpulated
ro be pa~d on such day, anything in sa~d prom~uory ~ote or In thh MortyaQe ta the contrary notwifhs~sndiny: and ~hereupon w the~~~her at tM option ot ~
~a~d MORiGAGEE, wirhout not~ce w demand. wit ~t law or in eqviq, therefore or thereaiter beyvn, may 6e prosec~ted as if all nwney~ s~cvred hueby =
~
had matured priot to ~ts tnst~tu~ion. , • ~ • . '
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7. That in the event ~hat at the beginning of or at sny tim~ perdirg sny wit ~ thu Mo.tp~y~, or ro farepos~ II;• or"to rofpm It, or to enfwp
payment of ~ny daims he~eunder, said MORTGAGEE shall apply to the Couh Mvinp jw:ttliction thereof fw 1M ~ppoinle~i.Nyof ~ R~ctiver, wth Court sMU
Fonhwitfi ~ppoint a raceivm of uid mortgaged property alt ~nd singubr, includ~ng ell and sinyular~ ehe income, pofin, issue~a~d ewenves from ~wlrrtsr~t
~ouru derived, exh and avery of whKh, it be~rg expressly undsrs~ood, is I+ereby mor~ga~ed as ef tpecifiuUy s~t fonh ind d~12~ibed in tM prantinp and _ -
haber~xn clauses F+errof, and such Receiver shal~ Mve all the broad and effectire functiont and po~vers in ~nyMrise entrusted by ~ Court ro a Rccefver, ~nd
such appointment shall be made by such Court as an admitted equity and a matter of absolute rigM ro said MORTGAGEE, ~d w3thout ?eferente to tht
adequ~cy w in~deqvacy of tM vatue of the p.oper'ty mortgaged or to rhe soivency w insolvency of iaid NIORTGAGOR or }M d~fendants, and that such
rgnts, p~otin, income, issues and revenues shs11 be applied by such Receive~ xcordiny to the lien or puity of said MORTGAGEE and the practice of wch
Cairt. _ ~
8. To duly, prompHy and f~lly perforn?„ diuharge, exetvte, cffect, complete, comply with ~nd a6~b by each and wery the stipubtions, agreements,
cand'itio~a u~d covemnts ~n said promissory rate and thq mortgage iet fath.
9. Thst in the event the owncrahip of the mortgaged p?emises, or any part thereof, becomes vetfed in • person other than fhe MORTGAGOR, th~ %
MORTGAGEE, ib successors and auigns, may, without notice to the MORTGAOR, deal ~vith such successa p succeuw in inte~est with reference to this
mortgage and the deb~ hueby secured in the same manner as with Nbrtgagor withovl in eny way vitiatirg w disch~r9inp ths Mortyayo~s' Ii~biGry h~?~-
under or_upon the debt hereb~ secured. No wle of the premises hereby mortgsged and ~o forbearanta on ths pah of Ihe MORTGAGEE p ib sutuuon _
or sugns and no extension of rhe time fw tbe -payment of the debt hereby secvred given by the MORTGAGEE a in wccessors a ~ssi~rn, Jwll pper~b
ro r~kssl, discharge, modify •chang~ w affecl the o.iginal liabi{ity of the AAORTGAGOR herein, either in whola ot tn part.
10. It h speciikally agread that time ia of fhe asanct of this contaet and thif no waiver of any obliQation herwnder w- of th~~ oblip~tiop y-
cured hereby ahall at aoy time thereafier be held to be ~ waiver of the terms heteof or of the instrument se~ured herby. , '
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11. In add~tion to the forego:~g monthlY paYme~ts of princ:pal and interest r~quired 6y the promisscry note setured hereby, mortgsgor ~oven~nfs
ared agrees ro pay to mo:tgagee with each monthlY paYrneM an add~~iond sum.~rimated by mort~agee to be eqvai ~0 1/12 0# ths arw+wl cost of the fdlow-
ing:
A-All real property taxes leried o~ assessed against the abave desvibed real estate.
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B-Premivr.u on Fire and windstorm insurance as herein requ;red to be urried on the improvemeats tituate on the above described premises. s
C-Pnmivms on such mortgags gusranty inw?ance as martgagee shsll from time to time dsem fit to cury on ths bsn secved hereby, ;
AM1ortgagee shall irom time to time nolify mo~tga4or in writi~y of the amount dua and payable hereunder and s~ch wm shsN therevpon be due and , t
'I payable on the due date of the next monthty payment a~d each svtcessive mwnh thereafter urtil mortgagee thatt notify mongagor of a charge in such '
amount. Such sums shall be applied by mwtgagee toward the paymcnt of real property tazes, inswarice prem.vms, and mortg~ys guaranty iniunnte ~
~ prlmiurtq. •
! IN WITNE55 WHEREOF, :Ae ssid MORTGAGOR hss hereunto set his hand and sea) the day and yr~~ first afores~id. ~
~ Sgned, Seekd ~nd delivered io tha presence of: ~
~ ~ 1' 15a~ c
~
~ ~
- (S~~q F
u-
~ ~
~ STATE Of f IOA _ ~ ~
counm oF St _ Lucie ~ - ~
i
before me perwnally appeared I-ouis Marocchi ~ ~
Lucv Marocchi hi, w~{Q, t~ m~ known ,nd k„o,~,f, ro me a b. . ~
the lndlvidwls dexribed in and who e:ecuted the ferepoing initrument, and xknowled~ed befon ms that tF~ey ~xecuted ths sams fw th~ purpowa ~
~~,e~ t7~~„~. t~ Lucy Marocchi
w;f, ~~h. 'Louis Marocchi ~pp~ ~ y~rats and priv~M
ex~mination by ms taken ~eparate and ~paN from F~er said husband, sdcr?owledged to •nd before me tF?~t she executed said irotnment freely and wlun~
rarily and without any compulian, constroiro, sppr~hen~s~!~f fear of w from her iaid hu:band. -
WRNE55 my hand aod official seal thi: ~y ~ Februar A. D. 19 76 •
~ i
~ • . - Notsn Publk in fw lt'ie Stafe of Norida ~f lup~
~ ~/1 L~C Ak0 ~i~GtidOE My Comm. . expirs:
Ret~rn To: iT. ~UCIE i OUNTT f~~. I w~
~ Fint Fsderal Savings b loan Associat~on ItOCER FOtTRAs r"'=F c'-~'~`•~.a at lF.'='t
Of Fort P~erce. CLERK Cf~iCUtf COURT ' , + ~ 7• ~
pECORO VEP.tF1ED v uo.tir.as i?u:.'ar+~ _
Fott Fierce. Florida . :
F'ca 1S 3 v~ PM'?6 ~~~~`sr:., ~ ~
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s,,.~
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~ This Insrrument Prepared By Richard K. Kayes ~,2~~ n~ s~:.. _
First Federal Savings ~ Loan Association _ , ; ; ;
of Fart Pierce ~ Florida ~ ; . ~~4 p ~ y _ _ - '
Checked By ~ . j.l, ~ ~ c- = .
P
it ~~e7 PA1~ ~S , . ~ _
V £~G 1t~~ ~
s fs, ' i~-: . . _ ~.i "tfiNi:iiiillS~\\
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