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9. To plsca and continuoualy kecp on ~he b~~ d~ng• now or herraf~er s~tua~e on ~aid land ~nd on all equi~menf av+d p~non~lly cov~r~d by Ihia mpt~ '
ay~, with ~li premium~ thrrcon ya d in fu+l, f~ro :n~urence ~n tM ~tuil s~andard policy form, in a•um epprov~d by Ihe MpR(GAGEE, and winds~wm
~nsuranca in th~ uswl itandard pal:cy fo~m, in a s~m aFproved by the MUR/GAGEE, in wch tompany or canpani~~ as 1M MORTGAGEE m~y
difKl~ ~nd all firs and w~ndsrorm in~u»nte pohc~es oo •ny of sad budd~ngs. ~~y inte~~~~ ihaein or pa~t thereo}, in tM pyrey+i~ w~n +faeiaid o~
in ~xceu tha~eof, ~haU. contain ~he uwal sta~~derd mor~gagee tiause or tu:h otker d~ui* as 1h~ Mort9s9N may req~~r~, ma~inp fM lus~ v~~ sa~d po14
cie~, each and every, payablt to s~id ,Y10RTGAGEE •f ~ts ~nre~rst may appaar, •r~d each and every tuch pol;cy shall b~ promptiy su.yn~d ~nd dsliwr~d to ,i~'+
•ny held by sstd MORIGAGEE a~ fu.ihe~ ~rcurify to said rno~tgage deb?, and, not ie~f ~han ten (10) daya in adwnc~ of Iht txpir~tion of eath poliq, to da ~
livsr fo uid MORiG/1GEE a renewal thcreof, Ioge~her w~~h a~ece:p~ (or ~he premium of ~uth :enewal; and ther• sMll be no fir~ a winditam iruura~t~
p~aced on a~y of said buildi~~gs, any interett there~n w part thercwf, ur~leaa in tM form and wi~h tM ~oss payable at atwasaid; and ie tM •wnl •ny wm
of irwrNy becomes psyible unda tuch policy w poLcies seid MORIGAGEE ahall hare the opt~on ~o ~eceivr and apply Ihs sart» on ~ccount o( tM indtbtrd-
neu secured hereby a ro pcrm~~ sa'rd MORTGAGORS to rece~~e ~nd uis it a any pan thereof for ofi~er pu~poses, wi~hout therEb/ wsivirg a impair- _
inp any equ~ty, Gen or riyht unde~ w by vir~ue of thia mo: ~yage; end in the event 'sa~d MORTGAGORS shall fo~ any reas~n fail to k~ep ths t+id p~smises w '
in:ured, or fait ro deliver pranpt(y any of sa~d pol~cles of insurance ro said MORTGAGEE, or !aii promp~ly to pay fully •ny premium the~efor q i~ any
re~pect fail ?o perlwm, d~scharge, e~ecure, ef(ect, con~ptrte, co~nply wi~h and ab~de by this covenant, a a~y part he~sof, said MORTGAGEE rn~y place •nd
p~y fw such insurance or ~ny pa.t thereof w~rhout waiving w aF(ectiry any opl~on, lien, eqv~ty, or riyht under a by virtu~ of this MutyaQs, •nd ths
full amount of each ar.d every such payment shall be ~m~~ed~aiety due and peyable and shatl bear intereit from the dde thereof uo~il paid ~t tM rate of
nine per ceatum per annu~n and togrthe~ wirh wch ~nter~a~ shaii :x srwred 'uy tha Gen o~ thii mwtp~ge.
1. To permit, commil w suffer no was~e, impair~nent w deteeioration of aaid property or ~ny part therwf. i
S. To p~y all and sir~gulu the coats, cha~gef and expenses, includ~ng a reasonable anwney's fe~ and co~ts of abitr~cn of title, incwred w piid at
any time by said MORTGAGfE, becausc or in thc event of the faifure ort the part of Ihs ~a:d MORTGAGOQ to duly, promp!!y and fvlly perform, d~uharyf, ~
execute, effect, canpl~re, comply w~~h and ab:de by each and every the stipula+~a~s, agreeme~ts, conditions, and coveMnti of uid promissory nots and thu
mortyage ~ny w e~ther, and u;d costs, cMr9es and expen:es, each and every, shall be Immediately due and payabfe; whe~htr p ~ot tF?~re bt notice de `
ma~d, attempt ro col;cct or suit pcnd~ngj ~nd the fu±l amovro of each and every such paymem sh~l~ bea. imec~st from'1he dat~ ihereof u++til paid ~t the ~
rate oi nine per centum ~r annum; and all said cusu, charyes and eaprnses incurred w paid, toge~her w~th suth If~tHMl, ~hall b~ s~tured by the li~n of thiu i
martpays. ~
.
6. Tlut (a) in the event of any b~each of this Nbrtgage ur default on the part of the MORTGAGOR, a(b) in the event ~ny of s~id Wrra of mo~y '
herein referre~ ~o be not promptiy ared iully paid within th~rfy (30) days nex? af~er ~he same severally becoma dus and payable, without demand o? nofice,
or (c) i~ ths event each and e~ery ~he stiputatw~s, agreemeros, cor.drtwns and covenants of sa~d promissory note ~nd th~i mortyaQ~ ~ny p e~~hs? ut no1
iuly, promptly and fully perfwmed, d~uharged, ezecused, effected, completed, complied wi~h and ab~ded 5y, thsn in eilher ot any such ~wnt tM said
gregate sum mentiened in said promisswy note then remaining ~npa:d, with inrerest accr~ed, and all moneys secured hereby, ahall becom~ dut and pay-
eble forthw~th, o~ thereafter, at the op+~on oi sa~d MORTGAGEE, as futly and completefy as i1 •II of the said sums of money we~e piqirully itipulated
to kse paid on such day, anything in sa:d p~om~ssay note or in fhis Mwtgage to the co~rrary nolwithstanding; and tMereupon p thereaiter at Ihe opfioo of
seid MORTGAGEE, wi~hout not~ce or demar,d, suii a1 law w in eqwty, therefo~e or thereafter begun, may be prosecuted ~s if ail mw~eys secured hereby
nad matured pnor lo ~ts insG!ut:on. ~
7. That in the event that at the beginning of w at any time pendirg any suit upon this Mortgsge, a to foreclose it, w to refp~m it, w fo enforu
payment of any claims hrreundrr, said MORTGAGEE shall epply to the Coun having juristlict~on thereo( fo~ Ihe appeintment of • Receiver, such CovA shali
Forthwiih appo;nt a.ece~ver of sa~d mortgaged property all and s~ngular, inclvd~ng all and singular the income, prof~ts, is~ues and revenues f~om whatever
source deri~ed, each and every of wh~ch, i~ being expressty undersrood, is hereby mortgaged as if specifical:y set (orth and dewibed in the yraMinp and
habendum ciauses hereof, and svch ReceiYer shalt have all the broad and effective func~~ons and powe~s in ~nywise entrusted by • Court to a Receiver, and
s~ch aFpointment shatl be mada by such Courf as an admittrd equity and a matter of absol~te .right to said MORTGAGEE, arn1 without referente to tM
adequacy or inadequacy o( the valve of the prope~ty mortgaged or to the so:vency or insotvency ot said MORTGAGOR or tF~e defendantt, and that such
.rnts, profits, income. ~ssve~ and revenues ahali be applied by such Receivcr accwd:np to the lien w equiy of said MORTGAGEE ~nd the prattiu of such
Courf. '
8. To duly, prompr!y and fully perform, d~scharge, execute, eff~cl, complete, comply w~th and abide by each and evety ths uipulations, agreements, ~
c:,r.ditana and covenams in sa~d promissory note and this mortgage set forth. ~
9. Thrt in the event the ownership of the mortgaged pr~mises, or any part thereof, becomes vested in a person other than the MORTGAGOR, ths ~
?l.ORTGAGEE, its successors ~nd assigrn, may, vvirhout notice to the MORTGA~R, dsal with such svccessw ot suctessd in interesl wilh referente to this ~
mortgage and the debt hereby secured in the same manner as with 1.Soregegor without in any way vitiating or d~xharping ihe Morty~qOn' lisbiiity hera
ur,der w ~poe the debt hereby sec~red. No safe oi the pre~n~ses hereby mortgaged ar.d no forbearance on ~he part of_.the N10RTGAGEE w its successon i
or ass~gns and no extension o! the time tor the payment of tF.e debt here6y secured given by the MORTGAGEE 'or iri suet~sfo~s w asliprts, ahall oper~ts ~
ro rctease, d~scharge, modify change or affect the orig,nal liau:l~ty of the MQRTGAGOR herein, either in whok w in pati, i
e
10_ It is spe<i(~:a~ly agreed tha~ time is of the essence of th~s conrraU and that no waiver of ~ny obligation hersu~der p~ of th~ oblipafion se-
cvred hereby shali at any time thereaher be he:d to be a waiver of the terms herecf a of the inslrumeM setured herby,
11. In add~t;o~ to the iorego'ng monthly paym^nfs of pri.^.c paI and ~n*erest .equired by the promissXy note. secured hereby, mortgago~ covenants
a~d agrees to pay to mo~tgagee v~ith each mcrt'h!y Hayr.:er.t an add~nonal sum esr :nated by mortgagee to be equal to 1/12 of the annual cost of the fol{ow-
ing:
A-All real prope.ty taxas lev~ed er assess_~ dy^ai^st tir: above desc.ibed real esrate.
B-Prem~vms on fire and windsto:m inw~ac~e az 6ere~n requ~ted to be carried on the improver?~nfs sitwte on tl~e above despibed premises_
C-Premiun+s on such mortg~ge gva+anty insurar.ce as mortg~gee shall from time to time deem fit to tarry on the loan secured hereby. ~
Mortgagee shall from iime ro s~me nor~fy mortgagor in vvriring of the amount d~e and payable hereunder and such sum shsll thereupon be due snd ~
F+yable on the due date of the ne~t momh~y payr~~ant and e~ch successive month thereafter ur.tit mwtgagee shall notify mortgagor of s change in suth ~
a-~ovnt. Such wms shail be aFpl~ed by mortyagee rov.ard the payment of real property taxes, insurance p?em:ums, and mo~tgage guaranty insunnte
p~emiums.
IN Y~ITNE55 WHER~OF the sa' AM1aRTCAGOR has hereunro set his hand and seal the day and yetr first afores~id.
; Siy a ivered the preunce of:
FIIE'v 4N~ R~Ci~ROED ~
' ' S7 ~u~~~ i,;,~tiTr F~A. Ro nd M, Caparot
Fo,~ . : --•-~~5 .n
_ _ c~~ ~ ~L~" CCJRT b % " a~.-.-~t~ cs~ n
- _ a r . t~ ~ : . . = ~ ~ n d~.e
C, a pa r a
~ SiATE O~~ Michiqan ~ I~AIf ~1 23 PM ~1 b "
i u ~
; ~our~nr of Wayne ~
} 33Q392 _
~ Befo~e me penonally appea~ed Rol~rid M, Canarotta
Sat~1Q Caparotta his w;fe, to me well known snd known to Ax to be
~ the indiriduals desuibed in and who executed the fwebwing ir.strument, and acknowiedged before ma that they executed the same for ths pwposes
F rherein expressed. And the said ~(~1Q Canarotta
< ,~~fe of the said Roland M. Caparotta upon a separ~te ~nd priwts
_ =.aminstio~ by me ro4en separate and apart from her said husband, acknowiedqed to and befwe me that'she exetvted said insfrumeM freely snd vol~rr ;
rarily and without sny compuls+on, constraint, app:ehension, or fea~ of or from he~ said husband.
~ WlTNESS my hand and offiual seal this ~A~j day of ~rC A. D. 1~ 76 S
€ - + a
' j 9
' Notar Public in nd the St~f~ of , ida ~f l~up4,,, ~
i My Commiui upires: . r''U. ~
: Return Ta P~~. k
' First Pederal Savings 6 loan A ~~r~Y M~ ~~f
ssociat;on
Of Fort P crce. •
' Notary Public. Macomb ~ntf?.-l~k~~~' f' " :
; Fort Pierce. Flcrida ~ b y~M ~a~, ~ =
: !!~r C0~ ExDra k~ - ;
' ~
4 l.~~:.,:. •
: r =
~ This Inst~ument Prepared By John W. Collinc ~
` First Federal Savings & loan Association " • e.
; of Fort Pierce, Florida . ~c~ `
~ 2JO F~~F ~5~ ~ ` ;
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