HomeMy WebLinkAbout0357 .
Tp placa snd CG~lIi11VJUS~r *•:co on ~hr 1.~ n~w or i:r:e.~fter ~~~~etr on sa d:and a~~d on alt c:~u<<:~:•cnt a~x! per~anally covr+eO by ihis morlq-
ag~, witF ell premiums th<rcon pa.d m fv~!. Grr i„n.~ir~ce ~n ~ne ~ws1 sra+wi~:d pu~~ey tonn, i~ a~um eyp~o~.-d by tht MORi'vAGEE, •nd win~tto~m
~nsu~snce in ths ~tual usnrla.d pot.c~ lor~n, ~n a wm a;,~,ro.ed b~ iha.NtORiGAGEE, in ~uch company or co•np~nief as ~M MQRTGAGEE may
dfrectj •nd aN (i~a and w~r~os~o.m mtiwar.ca po:~c~cs on eny of ie~d b~,~+d.nqa, any inrere~t ~Fu~e~n or pa+1 tharcof, in th~ aQgregeie wm ~foretaid w
!n •atess there.~f, •h~ll coM,~in ~i~e usvat sta~~dm:! mw~y~gee cia~sa W su:h o~he~ c~eu?o ~s Ihe M~~tflayee may ~equ:ro, me?inq :ths loi• undt~ f~~d poi3~ ;
cros, each end evrry, payab'e ~o se~d h1pRTGAGEE •i ~y n f..•ras~ r.:ay appr~r, e~~d rach acd every such pu!~cy the? be p•on+p~~y +s+gned ?nd delivered ~o
any held b/ seid MORTGAGEE ~f funher security to s~+:d n c~ty,.ye d~bt, a~.d, no~ ~e~s then ien (10) days adla~~ce of th~ expirat~on of ~~ch pol~ty, t0 d~-
liv~r to se~d MORTGAGfE a rarwwal thereol, togt~ner with a rztr~;~t for Ihe prn~ni~m o) tuch ranN~a~; and the~e fhall be no f~re o~ winds~or~n infw~nc~
plated on eny of sa~d buildin~s, •ny intrres~ ~hars~n or pa~~ ~he~eof, un~cia in ~he fo~m a~Kl wnh th~ ioss payabte as a(onsaed; ~nd in tM ev~~t ~ny tum
of money becomes payable vnder s~ch policy or poGc~e~s so.d MORTGi.GfE >>~~1) heve ihe oN~~on ro recc~+r ~nd app~y the u~n~ ar~ account Of Ihe indebted-
oess secured hereby or ro prrmit sa~d MURTGAGORS to recrw~ and u~e it w any ~:,,rt the:eol la. et:u_r pur~cics, v.nt.~„t th_reu~ warvi~~g ~~npair '
ing any equitv, i~en or riyht under or by virwe uf tFis morgage; snd in the event sa.d MORiGAGORS shall for any ro~son fail to keep the ia~d premius so
inwred, or iail tp dei~ve~ prompHy ~ny of sa~d poi~cies of inaure~xe to sa~d MJRiGAGEE, or (a~' pron:pt~y to pey L,:ty any p:e~mum .~herefor a in a~y
rospect fail ~o perForm, cLschuye, exec~te, effeU, cwnplete, comply with and sb~de by ~his cove~an~, or any part he~eaf, aaid MORiGAGEE may ptace an0
pay for svch insurance or any pa:t thereot w~thout waiv~ng or affecting any optlon, fien, eyu~~y, ~r nght under w by virt~e oi thif Mwtg:fle, •nd the
fuli amo~nt of each and eve~y such paymrnt shall br cmrned~ately d~e and payabie and sha11 bea~ interes~ f:om Ihe date tt~ereof umil pa~d ~t th~ ~at~ 0)
ni~K F+er tuntum pet •nnum and tcgrtha~ v~~th suth ~nter~st ahali tx s.rw~ed by the I+en o1 this mongeg!. ~'L
1. io permif, commit or s:;(fe~ no waste, imaai~mrnf or cleterarabon of said yroperty or any part ~h~reof. . :
5. To pay all end t~nguiar the :osts, cha~ges ar~ zcper.ses. ~ndud~ng a rea~oe~ab~e attorney's fee and cos~s of absnsc4 0( title, incurred o~ psid at ,
any time by sa~d AtORIGAGEE, because or in tt:e eve~~t ot the fa~~~re on ~he part of ~he said MORTGAGOR to di~ly, p~ompdy and i~Ily prriorm, dixha~y~,
e,ecute, etfect, camplete, comply vi~th and ab.de by eech acd every. ihe stip;,lanon~, agrecme~ts, condnions, and covsnanrs o( sa~d promissory note and thit
mwrgage any or e~iher, a~d sa~d cosrs, chsrges and expe~ses, each end evrry, sFu? be immed~ately due ar.d payabta; v.hether w not there be natice da~
mand, attempt ro cotiect w suit pend~ng; and ihc Eut~ a~novnt of each end eve.y such paymem shall bear inferes~ lrom ~he date thereof until paid ~I tF~e
rote o! nmr cer crntum ~:r~ a,..w ~r, ~nd all sa~d cos~r, charyes a~~d txF>..v.ses irxvrrzd or pa~d, toyether v dh suth inlerest, shell be sewred by ?he lien of this
mortyege.
6. That (a) in the evenl of any breach of th~s Me~tgage ar de~avh on tl~e parf of tF.a MORTGAGOR, or (b) in the event eny of s~~d wm~ of moniey
herein referrad to be not promptly a~:d fu~ty paid wlth~n tn;~~y ~30) ders ncx~ ai~er the same aeverel;y Gecor.}~ dve and payable, withou~ demand or notica,
or (c) ~n the evem each and ever~ ~he stipv~et~ons, ayreements, co~d~~~o~~s and :J~•Cndn15 of sa.d prom~asory note and th~s mortgefle eny w either are rw1
iuly, promptly and }ully perlormad, d.achary~d, eKec~ted, eftected, tomplet~l, compi~ed v.•+ih and a6~ded Sy, then in e~ther or •ny such eveM Ihe ia~d ag
gregate sum memroned in said promisfory nc~e then rema~ning unpa~d, v~~th imerest acc~ued, a~~d a~l moneys securqd hereby, ahall become due snd pay-
abie forthwith, or therea4ter, af tRe op!~oa o~ so:d h10RTGAG[E, as futi~ rr..~ ccrt;pletety as if all of the said s~ms of money were M~ginally shpul~ted '
fo be pa,d on iuch d:.y, anythm.g in sa.d prc:r,.,aor~ noTe or in ihi; t.lorsqaye to ~he covrary ~nct,v~~hs:and~:~g; and thereupon or thereafter at the op~~on of
se.d MORTGAGEE, w~rhuut no.~ce or den~and, su~t et lew or in eyv~~y, ~hare~urs or iherraher bc;gun, may be prosecuted as if all moneys secured hereby
r,_d muured pr~ar to as inst~tutwn.
t
7. That in the event ~hat at tnc begine~:ng of or at any u~ne pend:ng any su~t ~por. this Morigage. a to fo~eciose it, or 1o reform it, or to Mforts
paymcnt Of any ciaims hereundc~r, said b~ORTGr~GtE s~a~~ appty to the Ccurt ha~~~~zg ~ur~sd_i:.un ~hereof for the appomrmero of a Receiver, suth Cou~t shall
forrhwi~h appoint ~ rece~.er ot said rr.ottgayed prope+ty ~ll and s~nguiar. inc~ud.~~g a~l and su:y~„ar ihe incon~e, profds, iss~es and reve~ues from whatever
so~rce derived, each an~+ every oi wh:ch, ~t be~ng exy:rss~y undrrsruod, ~s f•ereoy morrgayed as if specif,cally yt fwth a~d detcnbed in the gran~ing u+d
h3be~dum clevses hereof, and s.,ch Recener SF13li Fuve e~l the br.,~d and effect:.e func~.o~~s a~~d po«ers in anywife eMrusted by e Cour} to • Receiver, and-
s_ch appoinrment shat! be ~r,r:}e by svch Co~rt as an ad~~i~tad rqu~~y a~w a rr:aiter of abso~ute nght ro said MORIGAGEE, ar+d without reference to the
ade~uacy or inadey~acy o} tF.e va~ve oi the proper~y mortgagtd or to the so~vency or ~n~o'vency oi said NtORTGAGOR or the defendants, and Ihat sueh
~enfs, p~ofits, income, issuca a~.d revenuei shai! lx app~~rd by auch Rec.:~.er :ccordu;g ~o t}u Gert w equity of said MORTvAGEE snd the prsctice of such
Co~rt.
8. To d~!y, promF-r~ a~~d fufEy perfomti, d~s:har4e. e.~ecute, effect, cc.r,p~ere, comply w~ih and abide by each and every the stipulations, agreemeMS,
:o^:d~tions and covenanos ~n sa~d pro:nissory note and rh;s morrgage set farfh. ~
9. That in the eveM the oxr~ership of the r:~o~tgaged premiSes, a~~ an~• pa~t tnereof, becomes vested ln a person otixr Ihan the MORTGAGOR, 1M
h10RTGAGEE, ira suceeswrs ar.d ass~gns, may, wiihout norice to rhr AM1ORiGFJ2: deal w~th wch successor or wccessor in interest with rcferer.ce to thi~
mortgage and the d>b1 hereby s~cwed in ~he same mannzr as w~~h Mo~tyagor vnthuu~ in any way vihali~y or d:echa~g~ng the Mortgegors' Iisbility hertr
under or upon the debt hereoy sewreJ. Na aa,e af ihe Fre~n~sFs hereby rr~or~yaged and no lo•bea.ance on the psrt of uee MORTGAGEE w its suecesaort
or ass~gns and no exrens~on of the t:~e for the payment of tF~e debt hereby iec~red given by the /~50RTGAGEE or its sutcessors or assiy~s, shall operate
~o release, d~scharge, mod~fy change or aHe:r the a~g~nai I~nc.irty of the A10RTGAGOR here;n, aithrr in whale or in part.
t
10. h is spec~fically ag~erd tha~ time is of the essence cf this contr~c~ and that no waiver oi any obligat~on heieunder or of the ob!igaYan sr
c~red hereby shali at any time thereaf~er be he:d to be a we~ver of the terms hereof or of the inslr~ment secured Fse~by.
- Y
' 11. In add~~io.~ to the furego ~:g monrh~y E;aim~nrs o! p-v.c ;~a~ and in!: resr ~equired by the promissery no'e sec~red heroby, mwtga~or covenants f
end agrees ro;:a~ to mc-tgaoee w.th eacF momh'~y pa~~r;ent ar, add~i~onal wm est: i ared by mortyagee tc be eqval to 1/ 12 of the annual cost of the fofloar- s
. -
A-All rcat ~.ropzrty taacs fev~~~: or a~s~=sticci ayai ~ss ti~e a:;:~ve desr:.ed reef es'afe.
j B-Pr~r~:~u~ns on ivF and vrir:d~ro ~n ~nsvr;;~ ce as iFer„~n r~~qv:red te L•e car:~••d en ti+e :rrrroveme~ts s:tuate on !he abeve described premisea.
; C-Pre:n~u~ns on ~uch ~arr;;ge OJd~.3~lTj ins~~a~.:e as n:ortyagee sh~~l frc,~: tme to tbn@ deem fit to carry on the loan secured hereby. '
k
; Mortgagee sha`.! ~rcm 7~me to riT,e noT~f; mcrryagor ~n wri!~ng oi the amou~r due and payable hereunder and wch sum sha? there~rpon be due and
~ c.~yaDle on thr due oare ei tne ncxT mo~;h:i pay~..~nt aad each wccessire mvnrh tnareafrer ur.Ni mcrtgagee shall not~fy mortgagor of a change in such
~ -•ovnt. S~ch sums st a:~ bz apF:l~~d by r,;w~q.~~_e ro,tiard ti~e paymem of ~eat Frope:ty taxes. msuraxe prem.ums, and mortgage guaransy insurante
~ ::'em~ums. ~
~ I"1 \41TNE55 1YHEkEOf, the sa~d N.GR!GAv )K t:as he~eunto .set nis h,nd ar.d seaf the day and year irst fo
Signed, Seated and de;ivered in the presence of: C
~ - Rti. -~G~.'•DEO G ` c~.o
; f1lEC^ i Jhn FL~-
~ fT. ~u~ti ,~;t,~s Armand~'J. Della Volpe
~ J F~ s~~ CCURT csNn
~ ~ ~
~ ~ .s~-- - "f ~ ~ ~ ~Se~
~ _ _ - - c ~ ' ~ ~ n
~ - j P ' 6 ~
~ S~ATE OF FLORlOA ~ I(. 43 ~ v~~sVaJC7 ~
~ _OUNTY OF SL . LUC2 e _ _ _ _ _ _ ~ •
~ --Arm~~nd J. Dell~-~ Volpe, a sinale adult
Before me personally appeared _ x~C
~f'iKJi~e, to me well knawn and known to me to b~
~ ;he individual described in snd who executed tM foregoing instrvment, and ack~ow:edged before me tF~at he exetvted the same for the purposef
~he•e~n expressed.
~ xxxxxxxxxxxxxxxxxx~c~cxxxxxxxxxxxx3cxxxxxxxxxxxxx~oc~ xc X?,r~cK~Cx~r~wc
~ x~xa~c~qc~acx ~rxx ~ao~wc _ x~x~~ap~wr~c
'r~e~~ecxa~tx~aqca~~ae~M ~e~wcx~:a~~~c.xas~c~r.te~ -
~ WITNESS my hand and official seat t1~~s_ ___~.._-'•_f=_-_ ~ day of_-__ / A_ a, 1q 76
~ - . - - - `j
~'--~i 1 .~'7c/1/-'-
~ Norar~ Public in and foi tl(e State of Florida at larye
,x My Comm~ssion eapires: "j ~
s; Return io: ~ ' ~ - ~ 7
„ First Fed_ral Savings d~ toan Asso-_ia; ~n
~ ~f io,r P < . _ .
. ~
~ Fort F~._•ce. f:_, da .i _ , ` ~ ~
.`n. ~ t: ~.',I.
- ' ' + ~f .
~ :
This instrument Prepared By Robert A. Swisher, Jr. -
,
~ First Federal Savings 8 loan Association ' .
~ of Fort Pierce , F1or ida . ~;U1;,'• x'~.~~ ua! :
~ . •
~ CheckedBy 1J~--------- - ; ~ ~
-,3 . .
~ C'r.l PAG~