HomeMy WebLinkAbout0876 3. To plac~ and con~inuw;sly keep on the bu~td~ngs now or heraaiter ~iwat~ on ~aid I~nd and on +il equ~pmte! ~nd p~rsonally tovt~ed by thi~ rnwt¢
p~, with •11 pr~miums thereon pa+d in (ull, fire insurance in the uival s~anderd policy form, in s ium epp~oved by tM MORTGAGEE. •nd winci~twm
insur~nc~ in tM utwl Nandard pot:cy Iwm, in ~ fum approvad by ths MORTGAGEE, In ~uch canpany or compan~t~ as ~h~ MORTGAGEE may
duects and all fir~ and winda~orm i~~uro~c~ polk~ei on ~ny ot said bu~Id~npi, ~ny intae~t tM~ein ot part tMrwi, in Ihs ~pyre9~~~ wm ~fwaaid or
In ~xceu ~hereot, iMll contain ~M usual fl~ndud nwrt9apee cl~u~ w such o~her ciaui~ ~i tM Mortywe~ may rpvu~. ma?inp ~h~ lou urxl~r sa~d pol}
ci~~. exh and wcry. paYabl~ ro sa~d MORiGAGEE as ~ti in~ere~~ m~y ~ppear, ~nd each and we.y ivcA policy ~Futl b~ promptly us.pned u~d d~liv~red to y, t
~ny held by Hid MORTGAGEE a~ furths~ sccwity to ~a~d mo~t9a~ debt, and, nol I~u ~ha~ t~n i10) days in ad~~~c~ of tM ~spiranon of t~th po~iey, to dr -
IivN lo s+~d MORTGAGEE s renewal thereof, toye~hr witA • rece~pt iw tM pr~mium of ivch r~newd; and ~Aer~ stiall be no f~r~ or wind~~am inwrant~
pl~c~d on any of satd buildings, any inle~~~t /hsrei~ or put thtreof, unles~ in tM fwm ~nd with d+~ loss p~yabl~ u afwyaid: ~nd In th~ ~vsnt ~ny wm
of ewn~y becomt~ payable under ~uch poticy or pol;ciei iaid MORiGAGEE shail haw rM opiwn ro rece~ve and apply tM sam~ on accoum o( tM 1nd~b~ed
n~u s~tured htrsby w lo permit said MORTGAGORS to reteir~ •m! uf~ it p any parl Ihereof fot oihcr purpos~s, without tha~eb/ weivi~ig or ~mpait•
inp any equity, lis~ a riflhl unde~ a by virtw o1 this mort9a~e; ~nd in the evenl sa~d MORTGAGORS iAall fw ~ny ?eaion f~il to ke~p th~ said ptmites so _
sniured, w fail to deliva p~omp~ly ~ny of said polKies of i~ursnce to sa~d MORTGAGEE, a fail promp~ly ~o pay futty any p.emiwn ~herefor a in any
~~spect fail ro p~r(am, d~scharg~, execvte, ef(ect, complete, comply with and abide by th~t mven~nt, p any par~ hereof, ~aid MORTGAGEE may plac+~ and
fw tuch insurants or •n rt thcreof without waivi or ~ifecti an twn, li~n, ui w ri hl unde~ w b virtw of Ihn Mort ~nd tht
wr r p+ ~w ~ r ov ' w ti. s r
full amou~f of e~ch and ~wry such paymsnt shall be imrned'ute~y d~s and p~yable •nd iMtl bea? intere~l from th~ dat~ ~hcreof vnW paid ~1 tM ~ats d ' R~
nin~ per centum psr annum and fo~ether witfi such i~tere~t shall be secured by the lien of this mort9sy~. ^
I. To permit, commit w aufter ~o waste, impairment a deterior~tion of said property w any paA tMreof.
S. To pay all and finDutu the coats, chargei and expensef, indudirq s reason~ble sttorney'~ fee and costi o( abstracti of t~N~, incuned w pald at
any time Ey said MORTGAGEE, becauss or in the went of Ihe failum on tlu part of Ih~ said 1N16RTGAGOR ro dvly, prompNy and fully psrfwm, dwcharq~
executs, effect, complete, comply w~th and ab:de by each ~nd every tAs itipulations, agreements, condit~on~, +nd cownann of said promiawy nofs and thu i
mortp~ge any a either. snd said cosb. charges u+d expenses. e~ch and every, shall be immediatety due and paysble: wheth~r a not there be notice de
msnd, •nempt to colktt a suit pend~np; and the full amount of each and every such payrrum sMll bear imerest from tM dats tl?ereol until paid af /ht
rate ot nlne pt~ CaNum per am~um; and aU said costs, charges and expanses iocurred w pa~, together w~th ~uch In~e?eit, sMll bt secured by tM lien of tha
mwrp~g~.
6. TMt (a) in th~ evero of any breach of this Mortgape or default on tM part of tho MORTGAGOR, w(b) in the event any of seid tums oi maky
herein rofe~r~d to bs not promptty ~nd fully paid wirhin thirty (30) days next af~cr Ihe same severally become due ~nd p~yable, withoul demsod w notite,
o~ in the event eath and ~very the stipulations, agreementt, condition~ and covenants of sa:d promisaory note ~nd th~s mor19~~ any or eithtr aro nol
~uly, pramptly and fvlly perfamed, d~xharfled, executed, elfected, completed, co~npl~ed wi~A and ab~ded by, then in ei~her or any such event tt» iaid
greyate wm mentaned in said promissory nore fhe~ remaining unpaid, with interest acuued, and all moneys accured hereby, ih~ll becom~ dw and pay~
able fonhwith, w thereaf~er, st the opt~on of aaid MORiGAGEE, ss fully and completely as if atl of thc said sums of money were aiginally stipula~ed
to be paid on such day, anything in sa:d prom~ssory note or in thia Mortgage to the cont~ary notwithstsnd~ng; and thereupon w thereafta at tht opfion oi
said MORTGAGEE, without notice w demand, suif at I~w a in equity, thrrefwe p tFureaf~c~ begun, may be proxtuted at if sll rnoneys secwsd hereby
had maWred pnw to ~ts ins~~tution.
7. That in ths event ~hat at the bcg7~u+ing of a at any tirrK pending •ny s~it ~pon thii Mortgaye, or to fareclose N. or to roform it, w to enfwp
payment of any claims hereunde~, said MORTGAGEE shall apply to the Court having jur~ad:ction ~hereof for the ~ppo~ntment of a.Recciver, wch Cw?t shaH
Forthwilh appoint e receiver of said mortgaged property alt and ii~?qvla~, includ.ry all and s~ngvlar the income, prolirs, itsues and revenues fiom whateva
source derived, exh and every of whrch, it being expressly understood, is hereby mortgaged as if specifrcally fet fath and detuibed in tlw 9rantiny ~nd
habendum clause~ hereof, and ~uch Receiver shall have all the broad and effective funct.ons ar+d powera in anywise entrusred by a Court to • Receivsr, •nd
such appoinfinent shall be made by such tourt as an admitted equity and a matter of absotute right to said AAORiGAGEE, and withoul refere~ce to tKs
adequscy a inadequacy of the value of tF~e property morlgaged or to the wivency w insolvency of said MORTGAGQR p the defMd~nq, and that ivch
cents, profits, irxome, iuues a~~d revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGfE a~d the prstlice of wth
Courf.
8. To duly, promptly and fully perform, d~xharge, execute, eifcct, complete, comply wirh ~nd ebide by e~ch and every the stipu4tions, agreemenit,
conditions and covenanu in aa~d prom;sswy note anA this mortgage set fa~h. ~
9. That in the event the ownership of the mwtgaged premises, q any part thereof, becomes vested in a person ofher f1~an the AApRTGAGOR, fh~ }
MORTGAGEE, its svctessors and assigns, may, withput notice to ihe MORTGAOR, deal w~th such successor or succ~sso? in intKesi with referente to this
mortgage and the debt hereby secured in the same manner as with Mortgagor without ie+ any way vi~iating w discha~~ing tM Nbrtysgors' liability htrt
under w upon the debt heicby ucwed. No saie ot the premius hereby mwtgaged and no forbearance on the pan of the MORTGAGEE or its successps
or ass~g~s and no e:teniron of the tlme for the paymem of the debt hereb~ secu.ed gi•en by ~he N?ORTGAGEE or Its succeasors or~auigro, shall opvat~
~o release, d~xharge, modify change w aifett the original liab~tity of the AhORTGAGOR herein, sither in whole or in part.
10. N is spec~fically agreed that time is of the essente of this contract and that no waiver of any ot,l~gation hereunder d of th~ obliyatwe s~
cvred hereby shall at any time thereafter be held to be • wa~ver oi the terms hcreot p of the instrumenl secured herby.
11. In add:~io~ to the forego:ng monthfy paym~ms of princ pal and interest requ~r~d by the promtuory nore secured hereby, mortgagor ~pvenants
and agrees to pay to mortgagee w~th each monthly pa~.nent an add~i~onal sum est~mated by mortgagee to be equal to 1/12 of the ~nnual tost ef the folbw-
irxj: . . .
A-All real property ta,rs lev~ed o~ asses:e~ against the above desui~ed rea~ rstate.
B-Prem.~ums o~ f;.e and w~ndstorm insvra.^.ce az here~p requ~red to Fx carried op the improveme~ts s~tuate on the ~bove desuibed premiset.
C-Pre.niums on such mortyage guaranty ins~ra.~ce as mortgagee shall irom r~me to time deem fit to carry on the loan secured hereby.
Mwtgagee shail from rime to +~~+e norefy mortgagor in wr;ting of the amount dve and payable hercunder and such sum shall thereupon be due snd
~ayable on fhe due date of the rw¦t mor:th:y payment and each successive month thereafte+ ~ntil mortgagee shall notify mortgsgw of a change in ivch
~ amount. $uch sums sF.a'.1 be app;ied by mortgagae toward the paymem of real property tazes, insurance prem:ums, and mwtgage 9wr~nty insurante
~ premiuma. -
~ IN WITNE55 WHEREOF, the sai RTGAGOR has hereunto ut his hand and seal the day and ~r first atoresaid.
i , Sea li the nce of: '~-J '
~ _ F~~o Ihu kECUi3~E0, ~ ~---z...C~y ~~'-,17_ (se,~
~ s. St. lu~iE :~fUMfY f~A Fa io A Panz i
Rb&Efi POITIt~f ~ +0
` CLEP.K Ci ~CUfT ~,OLI ~ ~ ~ • ~ 3
wi ness: _ RECORG v£?+Fi~~ T. a z ni ' i
STATE Of FLORIDA / 3~ f M,~6 33~`'~~~+
COUNTY OF SL. Ll1Cle ~ t~
~ Befwe me perwnally appeared Fabio A. Panzani . i
~ ~ Susan T. Panzani his wife, to me well known and known fo me to b~
~ the individuals desuibed in and who exccuted the iwegang instrument, and ecknowledged before me thst they executed the sams iw the purposes f
~ ~herein expressed. And the said Susan T. Panzani
w~ie of the uid ~ A a zani '~ar8oa a ae ~)~aa t and privat~
~ examinat~on by me ta~en separate and apart irom her said husband, atknowiedged to and before me that she exec laijlityyy~~Qt"'fif0~l, and voluo- ~
~ rarily and without any compulsio~, constraint, apprehen~~on, ot fesr of or from he~ said husband. .
~ WITNE55 my hand and officisl seal this_ dsy o{ ~ ~;~lq~
~ ' ~
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: No Pu ~c in and fa F ^/~t ;~t~ _
My Comm~ssion expiresi : / ~ _ ;
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~ Return To: , ,r Q r~' ; _
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- First federsl Savirgs 3 Loan Associat~on ~
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~ . Of fort P:erce. _ ~ ' ~ t
''~e.;
Fort Vierce. Flor~da
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% liJ.r~~r ~ ~Lf•~~ : fqM! Of f~ ~ •
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{ This Instrument Pre ared B 1~r C~~''D~ r" 1'''- ' j
~ First Federal Savings 8 l an AssoYc+atiJon H. Robezts J=. '-•r~d b~ d,;,=,ti~n f;r. ~
of Fort Pierce ~ Florida 33450 r
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