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Home My WebLink About0861 3. To p~xe •nd continuousiy keep on the bu~'d~~.gs now o~ herealter s~tue~e on ta~d ~snd a~d on ali equ~p~nent and pe~sonally covered by this ma~9- ~g~, wilh all prcmivms thereon pad ~n fuil, ine ini.:rance in ~he u~ual ~~end.+rd poLCy form, in • fum app~o.rd bt the MGR~G.ZGEf, •~~d w~nd~torm iniurance in tFa uswl ~~a~~da~d pot.cy fam, in • s~m approved by tha MORTGAGEE, in such co~npsny or compames ~t ~h~ 1.102TGAGEE ~~~y direct; and •11 iiro and w.ndswrm iniorence po'~c~rt on anY o1 so~d twi!d~nqs, any ~roerrs~ ~here~n or p~rt ~he~eol, i~ ~he a99nq~~e su~n afweu~d a In ~xces~ ~hereol, ihall co~tain 1he u~~al s~a~dard n~a~g~gee c~ausa or such o~he~ c~au~e ~s th~ Morrg~gcs msy ~equ,~~, m~Yin~ ~he loss urxis~ ss~d pd~ ciy, exh and every, payabt~ to sa~d MORTGAGEE as ~ts ~ntorest ma~ appea?, and each and every ~uch po!~cy ahatl lx prompuy •ssg~ed a~+d delivered ~o ~ny held by sa~d MORfGAGEE at (~nher sc:urity to ~aid matgage deb~, and, not le~~ ?han ten p0) days in advante o( the exp~r~hon ot e~ch poGCy. ~o de- , IivN to tsid MORiGAGEE a rerxwat the~eo(, Ioguher wlrh a rcte~p~ 1w the prenuum ol suth rene«el; and ~here ~?~all be no f~re or windtio+m in~ur~nce placad on ~ny of said build~ngs, any imeresl therem or pa~~ ~hrrcoF, unfrsi in the form end w~~h tM tosi payable as sFaesaid; aod in ~he evenl any su~n of money becomc~ payabie under such policy or pot~cies iaid MORTGAGEE ~hall have ~he op~~on ro rece~ve a~,d apply ~he same on acco~~~ 01 ~he indebted- nssl tKUred hNeby w fo ptrmJ ssid MORTGAGORS to teCeive and uss it w eny pa~l thireol for oti~c~ {.ur~ Gacs. vnniovt th u~ wac:~ ~3 c~ ntip~~r- irp any equ~ry, lien u righr under or by virt~e of ~hls mo:~gage; and in the event ~s:d MORTGAGORS ~hell iw eny reawn I+i~ 1o keep ~he u~d P.e*?~~s.• ~o insured, w fail to de~~ver prpmptly ~ny o! sa~d po~~c~es of inwrancs 1o said MORTGAGEE, or ia~l promptly to pay Iully ~ny prr~n~um therelw or in a~Y ~especl fail lo per(orm, dhcha~ge, exrc~ro, elfact, comp~e~e, tat:ply with aod ab~da by thi• covenant; or any part hareof, s+~d MGRiGAGEE mey piace a^C pay for such insurance or any part thereof w~thou~ waivi~~g w affx~ing any opuon, leen, equ.ty, or r~ght unde~ w b,r v~rtue oi th~s Mafga~e, and the full unwnl of eath and every ~~th payment thall be immediately due and payabte and shall bear intere~t from the date thereof un~il paid at ~he rate oi , nine per tmtum per annuni and tu~ether with such intcrest shaii be secured by the lien ol thi~ mottgage. 1. To permit, commit or suffer no wa~te, impai~ment o~ deter~oration of said property o~ ~ny paA the~eof. - 5. To pey all a~+d singul~? ~he cos?s, charges and expe~ses. ~ncluding e reasonable atraney'a fee and costs of sbst.sUi of t~~te, incurred or pa~d a~ eny time by said MORIGAG'.E, bCCause a in the event oS ~i,e lailu~e on the part oF the said MORiGAGOR to duty, p~omp~ty and fully perlorm, d~icharge. execute, effect, complete, comply w~th and ab:de by each and every the st~pulat~ons, agreements, conditions, and covensnts o( sa~d prom~iso~y rw~e and ~h~i mortgsye a~y or eit6er, and sa:d costs, charges and e~penses, each and every, shafl be immed~ately due and payable; whethtr w no~ the~e be no}~ce ds mend, attempt to tollect or ~uit pend~ng; and the ~ull amounl of tach and e~ery suth payment shall bta~ interest (rom the dafe ~hueof until paid d Ihe rate o~ nine per centum per ann~m; and all said custs. cha~ges and expenses incurird a paid, together wdh tuch iroerest, shall be setured by the lien of this morlgsge. 6. Thal (i) in the tvent of any br~ach of this Mo~tgsge or d.!faulr on tM pa~1 of the MORTGAGUR, w(b) in the eve~t ~ny of sa:d iums of money he~ein referred ro be noi pranptty a~d tolly pa~d w~~hin ?h.rty (30) days next a4te~ the same severo~:y betome d~.e and payable, without demand w no~ke. or (c) in the evem each and eve+y the atipulat~ons, agrerments, cond~nons a~d covenants of sa:d promisso~y ~wte aud th~s mo~~gage any a e~~her are not ~uly, promptiy and lulfy performed, d.xharged, executed, elfected. completed, compl~ed w~th and ab~ded `sy, then in e~ther or any svch ev~nt the said ag g~egate ium mcntioned in said p~o~~~ssory rwte then remaining unpaid, with intere;t accr~ed, and all moneys secu~ed hereby, shall betome due •nd pay- ebte forthwith, a thereafte~, at the op~~on o~ said MORSGAGEE, as fufly and comp!e~ely as il all of tl,e sa~d sums of money were or~g~n+~ly tt~pulated to be pa~d oo suth day, anything in sa:d promissory note or in this Mwtgage to the to~trary nofwithstand~ng; and thereupon erl'neih~fter at the op~~on ot said MORTGAGEE, w~thou? not~ce or demand, suit at law w i~ equity, the~efere a thereaf~er begun, may be prosccuted as if all mor+eys iecured hereby nad matured pr~w to its inautution. 7. That in tF+e event that at the beginn~:g of or at any ~~me pendtng any su~t vpon th~s Mortgage, w to fweclose it, a to refwm it, w to en(orce paymeM of a~y claims he~eunder, said MORTGAGEE shall apply to the Court havir.g ~unsd:Uion thcreol for ~he appo~ntment of a Reteiver, such Gourt shail forthwith ~ppoint a receiver of said mortgaged ptoperty afl end singular, inc:ud ng alt and a~ngular ~he intome, pro~~ta, issues and revenves ~~o~n whatever wwce derivcd, each end every of wh~ch, ir txing express~y unders~ood. ~s hereby mo.~yagrd as ~f spec~ficatty set fath and desu~bed in ~he gran~iny and habt~dum dauus hereof, and such Receiver shall have atl fhe b~oad and eifecnve funct.ons and powers_ in anyw~se entrusted by a Court to a Receive~, +~d sucfi appointment shsll be made by such ~ourt as an ad•nitted equity and a matrer oi abso!u~e right to said MORTGAGEE, and wrthout refertnte to the edeqvaty w inadequacy of the vat~e of the property morigaged or to ehe so.vency or +nsolvency oi said MORTGAGOR or the defendants, and that such ren:s, profits, income, issues and revenues shall be applied by such Receiver accord~~~g to the lien w equity of said MORiGAGEE and the prxtice o~ such CouA. . 8. To dvly, promptly and iuily perform. discharge, execute, effect, compiete. comp~y with and abide by each and every Ihe stipulations, ag~cements, conditions and covenanta ~n sa~d promisswy note and th~s mortgage set fwth. 9. Thet in the evenl the ownership o( the rtior~gaged premises, w any part thereof, 6ecomes vested in a person other than Ihe MORTGAGOR, ths h10RTGAGEE, its s~ccessors and ass~qn:, may, w~:hout no~~ce to the MORTGAOR, deat wi~h svch successw w svccessor in interest with reference to this mortgage and the debt he~eby sec~red in the same manner as w~fh Mortgago+ w~thout in any way vit~ating p d~xharging the Mortgagori lisbility herr vnder w upon the debt hereby secured. No sale of the prem~ses hereby mo~tgaged and no forbeara~ce on the part oi the MORiGAGEE w its svccessors or ass~gns and no exte~sion of the time iw tAe payrnent oi the debt he.sby secu~ed givQn by 1}~e MORTGAGEE or its succcssors w ass~gns, shaf! opaate ~o release, d~scMrge, modify tha~ge or afFect the oriy~nal liab~lity of "the MQRiGAGOR herary either in whole o~ in ps?L 10. It is speNficaHy a9recd that t~me is of the essence of this contract and tha~ nn waiver of any obt~ga~ion hereunder or of Ihe oblig~tion sr cured hereby shall at any time Ihe~eafter be held to be a waiver of the lerms hereol w of the instrument secured he~by_ I1. In addn:on to the fore~c'~g moMhly payments of princ.pat and intcresr required by the prom~ssery no~e secured herebt, mortgagor covenants and agrees to pay to mortgagee v~ith each rr+onthiy payment an add~rion~l sum estie,ated by matgagee to be equal to 1! 12 of the ann~at cost of the io:fow- in~: ' A-All .eal property taxes le~ne~ or aasesscd ag.~b~st th~ above desc~~bed real estate. B-Prem~u.ns on fire and vi~ndsto~m msurar.ce as herein requ.rgd to be carried on ~he :mprovements sitvate on the above d_sc~ibed premises. C-Premiuv~s on wch mortgage gua~anty ir.surar~ce as mo~tgagee shalt f~om r'me ~o ~~me deem fit to carry on the loa~ secured hereby. Nlor~gagee shell frcm time to time not~fy mortgagor ~n writ~ng of tht amou~t due and payable hereunde~ ahd such sum shall lhereupon be due and Fayable on the dve date of ~he next montA!y payment and ea~h wccessive mofih thereafler'ur.til mortqagee shat! no?ify mortgago? of a change in such ~ amount. Such s~ms si ail be appl~ed by mortgaqee tov~ard the payment of real property taxes, insurance ptem~ums, siul mortgaye guaranty inwrance f premiums. ~ IN WITDJE55 'NHFREOf, t safd MORTGA ;OR has hereunto se! his hand and seal the day a i firs aforesaid. Signed, Sealed and deliv r ' the presence o~: ~ +n FIIED AM~ RfCOR0f0 . usarra ST. lUC1E COUNTY FLI~- t~'~~ ROCER POITRAS ~ q - L CLERK CIRCUIt COURi ~ se u r . RECORO YERIFIED ~ an ~r - STATE OF fIORIDA ~J~3 ~ I, , 4 AN ~1~ 3~~~6 cour,n oF St . Luc ie . Before me personaily aP~a.~a Vineent T.. Musazra and ROSQ Mu3~r=s ' his wiie, to me well known and krawn to me to be the ind~vidwls described in and who executed the f«egoing instrument, and acknowledged befwe me that they executed the same fw the purposes Iherein expresud. And the :a~a Rose Musarra rvi(e of the ~~a Vincent t.. Musarra ~pon • sepa.ate and priwte examinat~on by me taken xparate and apart ~rom her said husband, etknowledged to and befwe me that she exetuted said instrument free~y and volurr tarily and without any compulsion, constraim, approhension, w fear of or from her said husband. WITNESS my hand and offiNal seal th~s__ day or_ Jan~~ A. D. 19 77 ~ Notary Pu i a*+d for the Sute of Fbrida at large ~ My Commi sion expira: ~ Rervrn To: I:oM*t of Ra:Fa~ .._r First Federsl Savings 3 Loan Associat:on µi Co;.ira;ss;on faF::ac :~I~• i:, 1377 O( forr P.erce. Bonded br Arne+ie~^ fira 8 Casuoltr Co. Foft P~erce, f~orida This Instrument Prepared By J. H81 RobeZts ~ Jt . ' ~ First Federat Savings 8~ Loan Association ` , of Fort Pierc~ Flozida - o ~ 2~ ~ : ~ - Checked By ~ - g~~ ~ . ~ ~ , _ ' ~ . " ' ~ • ~ T.- , . ~ sh _ . ~ , _ . _ . _ - _ - _ - - _ _ _