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HomeMy WebLinkAbout0702 3. To p;ac~ and continuously ke~p o~ tFie bui!d~nps now w Mr~after ~~~uNe on as~d tand and on all equ~pme~~ ~nd p~non~liy cove~et! by ~hi~ mpt¢ p~, wilh all p~emivms Ihe~eon pa:d in iull, Lra intiu~anc~ in tM uswi f~arda~d polity iorm, ie • tum ~pp~ov~d by IM MORfGAGEE. ~nd windttam Insur~ne~ te ~M utiwl ~~andsrd po6ty lam, in • wm ~pproYed by tM MORTGAGEE, in sucA eornp~ny a eompaeua at ~M IV~ORTGAGEE m~y , dh~er, ~e?d aU (ir~ ~nd w~nd~rorm iniur~nc~ pola~es on any of ~~id build~~pi. ~ny Ini~r~~~ ~Mr~in w part tM~~ot, in tM p9~e9~t~ ~um dor~iaid w' In ~ac~~s therwl, shall com~in ~he uwal standard mor~p~yN clsu~ a~ucA o~hN claus~ u IM MatpapN m~y ~pwr~. m~M~np IM lou undN u~d poli~ ~ ci~s. ~ach and ~vay, pay+bt~ ro ia~d MORIGAGEE ~t ~~t ~mereN m~y +pp~ar, ~nd e~ch and ~v~.y such po+~cy ~h~ll b~ promptly •a pned ~nd d~iivaed ~o ' t j ~ny hald by u7d MORTGAGEE a~ turther security to ~ak! *~er~Q~s deb~, a.~d, no~ !e+~ thi.. ~e* {101 diya .dw++c• ol ~M •ap:,~~ca, ol urh polky, to dr liwr ro said MORTGAGEE • rMtwal ther~of, Iop~~F~ with a rec~ipt (w IM pr~mivm ol suth remwal: ~~d ~Mr~ ~h~ll b~ no fu~ w wind~to~m i~su~anc~ pl~ced on ~ny ol said buitd~~ps. any imer~u thK~in w put ~h~rwf, unle~s in ~M form ~nd with IM losf payabl~ aa afa~aid: ~nd in tM ~v~nl ~ny swn ~ of mon~y becornei payabte unde~ such policy a polKies s~~d MORTGAGEE shall hav~ ~M op~wn to rece~ve •nd •pply Me s~+M on accovnl o~ ~hs indeb~ed- neu setur~ Mr~by a 1o permit wid MORTGA~'iORS to rKeiv~ and uf~ it p•ny pa~t ~hereol ia othc~ purpose~, wi~houl Ih~~so~ waivi~?~ or unpai~- . iny any p~ity, lien a righ~ unde~ w by virtw of ~hii mors9aqr, ~nd i~ tM ~vent sa~d NWRTGAGORS shatl tw any ~~ason fail lo keep ~M ~aid p~~m~sas w' insured, a fai) to dtliver pramptly ~ny oF said policies o) iewrar+t~ fo utd MORTGAGEE, w fail promptly ~o paY (ufly any p~anivm Ihertfw a in any _ r~sp~n fail b pMFonry d~scharge, ~xecu~~. •ff~c~, compl~r~, comply wi~h ~nd abid~ by thi~ covenanl, a~ny parr herwi, ~sid MOATGAGEE may p~~c~ ~++d p+Y tw iuch inw~anc~ a~ny part ~hereof wi~hout w~ivi~p or ~ifactinp an~ option. li~n. pvity. or rpM undar or by vi.~w ol this Mortyps. ~nd the full ~mount ol eacA and ~v~ry ~uch p~yment ~hall b~ immediate~y dw and payabl~ ~nd iMll be~. intsrest from th~ date ther~of vntil paid tM ~at~ ol ~ nin~ per cenrum pN annum and to~ether w~~h suth iNe.est shall bs secured by th~ li~n o( fhif mOtt9age. 1. To pkmit, commit o~ w((er no waste, impairmenr w deteriontion of said properfy w~ny part th~reof. 5. To pay all and tiryulu tM costi, charpes a~d expe~ues, inciud~np a re+sonable ~nwney i fN and cos~s of ~bstratls of title, int~rrsd w paid ~t any lime by u~d MORTGAGEE, betaus~ w in ths ~vent of 1he f~ilure o~ IM pa?t of tM s~id MORiGAGOR to duly, prompt~y •nd fully p~~fwm, d~uF?~~q~. execv~e, efFecf, canpkt~, comply with and ~b:d~ by each and every the atipulauo~s, ~y~eemenrs, cond~tions. •nd mv~nann ol s~id promiasory ~ot~ ~~d fhis ma~paps ~ny o~ ei~he?. ~r+d sa~d cosh, chuges ~nd expenuK, e~th ~nd ~very. ~hall be Nnmedutely due u+d p~ysbl~: whe~he. a ra~ tM+e b~ no~~u de~ mand, attempt to colkct w wlt pendinpj and ehe full amount oi each ~r+d we~y such payrrKnt sl+all bear interest from tM dat~ ~h~reof until piid ~t tFw rate oi nme per cemum per •nnum; and all said cosn, charyei and eapenses incurred w paid, togtlthcr wdh suth intereat, ~MII b~ seturad by tM lien of thii mortqag~. 6. That in tl~e w~nf of ~ny bcach ot thii Mor*gsqe w deE~vlt on fhe pa:t of the MORTGAGOR, a(b) in ~M eve~t ~ey of saTd sums of mor~y herei~ r~ferr~d to b~ not promptly and f~lly psid w~~hin ~h~~~y t3p) d•ys nex~ atter the same severally become dw and p~yabt~. wi~how d~mand or lfptit~, or in ~he event exh and ~~e.y th~ iriputa+~ons, agreemen~~, cond~r~ons and co.enanr~ of sa:d prom~uory note and ~h~s mo~tyap~ any w~i~he~ u~ nd i~ly, promptly and fully per(ormed. dixhar9ed. execueed, effected, compteted, compl~ed wiih ~~d ~b~ded by. thsn in e~iher w any ~uch ~wnt tiw ~~d a¢ pregat~ ium mentioned in said p~omissory note then rtmainirq unpaid. with iMeres~ atcrued, u~d all money ietured Mreby. ~hall betoms dw •nd p~y- abte lorthwith, w therea(ter, at the option of said MORTGAGEE, ~s fully •nd comple~e~y ~f il •11 of Ihe said sums oi money wert w~pinally sGpulped to be pa~d on ivch dsy, ~nythirg in ss;d prom~uay note or in this Mortgage to the conerary no~,n~ths~and~ng; and ~hereupo~ or ~hereafter at tl+e op~wn of seid MORTGAGEE, wi?hout notice or dem~nd, suit ~t law p in pu~ty, theretore o~ thereaf~er begun, may be posccuted as if ~11 mw~~yt a~tur~d hereby hsd matured pr~w to its instiwtan. 7. Thaf in ~he event tMt af fhe begi~~~rg of or at any tim~ pe~di~g any su~t upon ~hii Mortgsge, w ro iwecloss it, a to reio.m if, o? to enfo.c~ payment of ~ny daim~ hereunder, s~id MORTGAGEE sMll ~pply to the Court having junsdict~on thereof (w the appo~ntment of • RKlivN, wch Covrt shatl fo~thwilh •ppoim s receire~ oi said mortyaged property aIt ~nd sirgular, includ~ng sIl and singutu th~ income, proi~ts, issues and revanues from whstever sowce dtrived, each •nd eve~y of whKh, it beir~g ~xpressly unde~s~ood, ~s hereby mo.?gaged as ~i speufically ut fa~h a~d dewibed in the ~r~n~ing ~nd hab~ndvm ctevus hereof, and suth Rcceiver shall Mve all the broad and ef}ective (unct.ons and powe.s in anywise entrusted by ~ Gourt to • Receiver, •nd such appoinrment s}+~II be made ~y such Court ss an admined equity ~nd a matrer of absoluee r~ht to a~d MORTGAGEE, and without reference to ~he adequacy a inadeqwcy of ~he wlue oi ~he p.ope~ry mor~gayed w to the so~vency o. ~nsolvency of seid MORiGAGOR a ths de(endants,. and that such rems, profin, incorn~, iuues ~nd revenuss shall ba spptied by such Receiver +ccord~ng to Me lien w equity of said MORTGAGEE and ~he p~~ctice o( such CovA. 8. To duly, promptiy snd iully periorm, discha~gs, e~eecute, effed, complere, comply with snd abide by each ~nd wery tM stipulatiaq, ~yreements, cond~tans and coveoana ~n sa~d promisswy note and ~h~s mwfgsge set fwth. 9_ That in the event the ownersh~p of the mo~tgsyed premius, or •ny part thereof, becomes vested in a perwn other fMn the MORTGAGOR, ths M.ORTGAGEE, its succeuora and assipns, may, withouf nOtice to ~he MORTGAOR, deal w~th such successor a tuccessor in interest with reference to Ihis mo~tgsge ~nd ths ckbt hereby secured in the same m~nne? es w~th Mortgagor without in any way vitialin~ w dixharping the Matp~gori liability hers~ under or upon tiro debt hereby secwed. No sal~ of the ptemiset hereby mwip~d ~nd no (wbeuanu on Ihe paN of ~h~ MORTGAGEE a iri successors or ~ss~gns and no exrension ot tF~e ~ime iw tAe payment of the debt hereby secured y~ven by the MORTGAGEE or its :~rcussors a au~~s, .MII ope~are to re~eas~, d'+scl~arq~. rnodify change o~ af(ect the aip~nel iiab~lity ol the MORTGAGOR her~in, eitha in whoie or in put. 10. It is ~peufically agr~ed that time is of tM e~scnce of ~his caxract and that no waiver of ~ny obli9a~ion herevnde~ or of th~ obfigation ~e- cured hereby shall at any time thereaher be held to be a waiver of the terms hereof a oi the instrumem setured herby. 11. In add;tio~ to ~he fwego"~ monrhly paym-nts of prirx pal snd i.,terest req~~red by the p~om:ssory note secured hereby, mortgsgor covenants and agrees to pay 1o mortgagee with each monthiy pa~ment an addrional sum esr:mated by morfgagee to be equsl to 1; 12 oi the annwl cost of tlu follow- irtg: A-All real property taxes le.ied or assessed against the above described real esqte. ' B-Premiuma o~ fire and w~~dstorm insurance as herein requ:red to br carried on the improvements s~twte on the above dexribed premises. I C-Premiums on such mortgage guaranty imur~nce as rtwrtgagee ~hall from time ~o fime deem fit to tar?y on the loan secured hereby. Ma?gagee shall from r~me to +~me nor~fy mor~gagor m wris~ng of ~he amou~t due and payabte hereunder and such turn ahall thereupon be due and ~ Fayable on the dve date of the next month:y payment and each successive month thereaiter ur,til rtwrtgagee shall notify mortgagor of a chanye in such ' amount. Such suma sha?I be applied by mortga9ee la+vard tl~e paymentbf real p~opertp N:es, insurante prem:ums, and mutgsye yuaraoty iniunnce p~emiums. I ' ~ IN YIITNESS WHERFOf, the said MORTGAGOR h~s hereunto set his hand and uat the day u?d year fint aforesaid. • : ~~~Sea{ed~ deliv~red 'uy~he presence of: f`~o arv ~e~ oEO ~u u.~c,~~_ ~x.c~.~. ` tT. LUClE C~t1NTY f1.A.~ i f-r--~-.' ~B~ER ?p1TRAS ~ Vincent Parisi ~~~n ~ ~r ~ ' ` CLFitK C:~~WT COURT q f RECORa YE~li~1E0,,.,.~..~,.. ~ c .(su4 ; ' -s ~.u~~[~ STATE OF FLORIOA ' ~ t~1 Rosemarie Parisi courm oF St . Luc i e # ~~5 - ~ Befwe me penonally appesred - V7nc~~stlt Parisi ~ Ro s ema z i e Pa r i s i his wife, to me well known u+d known to me to be rhs ind~vidud~ dtwibed in and who executed the foregarg instrumer+?, and ~cknowledged beiwe me that tF~ey ~:acuted the wrnt fa tM pwpos~s ~ rherei~ expressed. Md rhe said RnsPmA r i ca Pail Si w;r. af th. ,.~a Vincent Parisi ~ vpon • sep~rat~ and p'r+at~ examin~tion by me taken separate and apart from her teid husband, ~cknowledged to •nd befwe me that she executed s~id instrumeM freely ~nd vo.u~ r~rily and w~thout ~ny compulsion, constrsint. ~pprehens~on. or fear of or ~rom her said hu . nd. € WITNESS my Mnd ~nd official seal thi. day o{ A. D. 19~_.jn_ i f - ~ ~ ~ Notary Public in ~nd fa the S~~tt Fbrida ~t L~rp~ Return To: My Commisian tapires: ..3~~ /Qp'O I Fint F~derd Savinp~ 3 lwn Associatwn Of Fort Rerce. ~ ~ ` ' Fort Pierce. Florida ; ~ ~ : . - ..1 . . . r . ~ . ~ This Instrument Prepared By Gary F. Sllwood ~ • ' ~ ~ - First Federal Savings 3 Loan Association . ` of Fort Pierce F10ridd ~ " ~ . ~ i Checked By ~ ~ ~ ~j~, fACE ~ ~ - ~ ~ ~ .