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HomeMy WebLinkAbout0977 3. To pface snd conNnuo~~ly keep on the bu~td~~:gs now a hcreaft~r •~W~re on sa~d I~nd ~nd on ~11 cq~~pmen~ •nd penona~~y cow.ed by ~hi~ monp~ p~, wi~h dl premi~ms thereon pad in full, Lre ins~rence in ~he uival ~ta~xla~d Nol~cy fo?m, in a tum app~oved by 1he MORfGAGEE, and w~ndtto~m insurante in ths utusl s+ando~d pol;cy lorm, in a sum app~uved by the MORTGAGEE, i~ s~rch twnpany or tanpanie~ as th~ MORTGAGEE m~y di~ec~; end all fi~e and w~~Jstorm ~muronce po~~cies on any oi ~aid build~ngs, any intere~t therem o~ part ~he~eof, i~ tF» ~yg~sp~~e wm •fwetaid w In lxtNS Ihe?eo~, thall contain the usual s~andard mor~gayee t~a~se or wch o~her ct+uis H~M Mo~?gage~ may requ~r~, ma4iny tha loff undM ta~d poti~ cies, each and eyery, payab!e to ta~d MORIGAGEE as ~~s inrereat m~y ~ppear, •nd each and eve~y ivch po!~cy ~hall be promptly asi yr+ed ~~d detivered ~o ~ny heW by ssid MORTGAGEE as further fvcvi~ty ro ta~d morrga~~ debt, and. no~ ~e~s ~hen 1en (10) days in adwnc~ o( the expir~tion of cach polity, to dr livtr to isid MORTGAGEE a re~ewal Ihcrnof, logethet with a rece~pt for Ihe p~emium ot ~uch renewal; and lhere shtll be no f~?e or windsto~~n in~urance pl~ced on any o} ss~d bvild~ngs. eny interoat Ihere~n w par~ thereof, unleis i~ ~M (orm ~nd witt? ~M lou payabl~ as •fore?aid; and io Iht event any wm of money become~ payable unJet such policy w poGu~s ta~d MORTGAGEE ~hall haw ~he opt~on ~o ~eca~ve snd appty the same on accwnt oi ~he indebted~ nesi secured F?ereby w~o pe~m~t ~a~d MORTGAGORS fo rcceive a~xl u~~ i1 w any pa~i thereof for o~i~r+ Nu~}~oers, w~ihc.,t th~.. u~ wai~~n~ or ~+npair- Inp any equ~ty, lien w right under w by virtue of Ihis mo:'gage; ~nc1 in the evenl sa~d MORTGAGORS ihall for ~ny reaso~ idil to keep tM f~id premis-s ~o i~~~red, w fai) to del~ver pranptly any of seid pol,cies of insvrancs to aa~d h10RTGAGEE, a fail promptly to pay fvlty any pre~nium therelw a in a~y ~~ipecl fail 1o pt~Fam, d~scharge, execure, ellect, compiere, compty with and abide by this covenant, a any par~ hareof, said MORiGAGEE may p~ace and pay fw such insu.ence or any part ~hareof w~~hout wa~:Eng or aftec~ing any optioo, lien, equ~ty, w r~ght unde~ o~ by virtue of th~i Mw~gape, and the . full amount o( each and every tuch paymtnt shall be im~hedis~ely du~ and psyable and shall bear inte~est lrom tM date thereof until pa~d at the rat~ ol nine per ccntum per annum and to~ethe~ v~~~h such interatt shaU tk secured by the lien of this mortgaye. 1. To permif, commit a sufte~ no wa~te, impairment a dcteriorotion of said property ot any part thereof. ' 5. To pay all ar?d tingular the costs, tharges and expenses, including a reasonable at~wney i fee and costs of abstratts oi title, incurred or paid at any time by said MORTGAGfE, betause w in the evcm of ~he fa~lure on the part of the ssid MORTGAGOR tu duly, promptly snd fully per(wm, d~schsrgs, execute, elfect, complete, comply w~th and ab~de by each and every the st~pufanons, ag~eements, condi~ions, and covenants oi said promissory note ~nd ~h~~ mortgage ~ny o~ either, and sa~d costi, charges end e,cpensrs, each and every, shall be immediately due and payable; whether or not there be notice de~ mand, attempt to coltect or iuit pending; and the iull amounl of eath and every suth payment ihall bes• ineerest (rom 1he date thereof until p~id ~1 the rate oi ninr per cenrum pe? a~~~urn; and all said cos~s, charges and rxpenses ~ncurred w pa~d, ~ogether wuh such in~eroit, shall be secured by the 6en o1 thif mortgag~. 6. That (a) in tlie event of any bresch of this Mor~gage o~ defaulr on tF~ pa?t oi the MORTGAGOR, a fb) in tha ~vcnt eny of ia~d t~ms o( mo~ey he~ein roferred fo be nol prq~nprly and Fully paid w~?hin th~.ty l30) days next afrer ~he same severa~ly beco~;e due and payable, without demand a notite, or (c) in the event each and eve?y the stipu~ations, ayree~nents, condi'~ons and covensnts of sa.d promissory note and th;s mortgage any w eilher are not ~uly, promptly and fully performed, d.scharged, execu?ed, eifec~ed, completed, compiied with and abided tiy, then in eifher w any such event the ia~d ag pregate sum mentioned in said pron,~ssory no~e then remeining unpa~d, w~th intcres~ accrued, and all moneys ucured F~ereby, shall become due and pay- sb~e forthwith, or thercafter, at ~he opfion of s~~d MORTGAGEE, as fully and completely as if all of ~ne said sums oi money were w~ginally st~pulsted to be pa~d on suth day, anything i~ sa.d prorn~ssory note or in this Mortgage to the co~?ra?y notwithstandmg; and thereupon ot the~eafter at ths Option of said MORiGAGEE, w~thout not~ce or demar~d, su~t at law w in equity, there(ore or thcreafter begun, may be prosecuted as if all moneya secured hereby had matured pr~ot to ~1• insl~turion, - 1 7. That in the event that at the beginning of w at any time pend~ng any suit upon this Mortgage, w to fweclose it, or to reform it, or to enforce payment ol any cla~ms he~eunde~, aa~d ~NORTGAGEE shati apply to the Cou.t having ~unsd~d~on thereof tor the appo~ntmenl of a Receiver, such Court shall Fathwith appoint a receiver of said mortgaged property all and singuls?, inctud~ng all and singular the income, profits, is~ues and revenues from whateve? wurte derivcd, each and every of which, it be~ng expressly ur?dcrslood, is hereby mortgaged as if spec~fica:ly set fath snd desvibed in the gronting a~d habendum clauses hereof, a~d such Receiver shall have all the b~oad and eifect~ve funct~ons a~d powers in anyw~se entrusted by a Cw~t to a Receiver, a~d wch appointment shall be made by such Court as an adm~~ted equity and a rr+atter oi absolute right ro ssid MORTGAGEE, ~nd without reference to the adequacy a insdequacy of the value of the property mortgaged or to the so.vency or ~naolvency of said MORTGAGOR o~ the defendants, and that such ~ents, pro(i~s, income, issues and revenves ahaif be applied by such Receiver accord~ng to the lien q equity oi said MORTGAGEE and the pracrice of such ~ourf. 8_ To duty, prcmptly and fully periorm, d~scha.ge, execute, effect, compiete, compty with ~~d abide by eath and every the stipulations, agrcemenfs, co~ditions and covenar.ts in sa~d promissory note and th:s mortgage set forth. 9. That in the evenr the ownership of the mortgaged prem~ses, or any part thereof, becomes vested in a perwn other than the MORTGAGOR, the MORTGAGEE, iti suttessors ar.d ass~gns, may, w:thout no~ece to the MORTGAOR, deal with suth successw or successor in ~nteres/ with referente to this mo~tgage and the debt he?eby secured in the same manner as with ~hortgagor withaut i~ a~y way vit;ating or d~stharging the /Aortgago~s' lisbility herr under w upon tFro debt I~ereby secured. No sale of the Fremises hereby mortgaged and no forbearance on ~he pen of the MORTGAGEE w its successws or assigns and ~o ea~ens~on of the time for ~he payment of the debi he.eby secured given by the MORTGAGEE or its successors or ass:gns, •hall operate to release, d~scharge, modify change or affect the orig~nal liabil~ty of the MORTGAGOR herein, either in whole a in part, 10. it is spec~ficatly agreed that t~me is of the essence of this contract and that no waiver of any obl~gation hereunder or of the obligation sr cured hereby sha~t at any time thereafter be held to be a ws~ver of the terms hereof or of the instrument secu~ed herby. _ 1 1. In add.tion to the forego rx~ monthly paymants of princ~pal and interest requi~ed by the p?om;ssory oote secured hereby, mortgagor covenanh a~d agrees to pay to mo:fyag~e ~n~rh each mon~h:y paj~:;ent an add~nonal sum est:n,afed by mortgagee to be eq~a~ to 1;' 12 of the annual cost of the follow- ing: A-Alt real property taxes lev~e~ or asses:~~ci ag.~~~sr the above desaibcd real esta:e. B-Prem~umi on fire and windsto~m ~nsuracce as hetr~n rnqu~red to ce carrird on the [mproveme~ts s~tuate on the above described premises. C-Premiums ort such mortgage guaranty insurance es martgagee sha11 from t~me `o ti+ne deem fit to tarry on the loan secured hereby_ f Mortgagee sha=1 !rom nme to t~me not~f y rrro~tgagcr ~n writMg of the amou~t due and payabte hereunder and such surn shall thereupon be due snd Fayab~e o~ the due oare of the next month:y payment and each ,;uccessive month thereafter ur,~il mortgagee shall not~fy mortgagor of a change in such amount. Such sums sNa:f be appiieti by mortgagee toward the payment of real property taxes, insurance prem,ums, and mortgage guaranty insurance o~emiums. IN WITNESS :JNfREOF, the sa~d MORTGAGOR has hereunto set his hand and seal ~he day an ear first aforesaid. t Signed, Sealed and de;ivered in tF~e presence of: ~ - v- fILEO AMU RECORUEJ a~~ St. LUCIE COIiNTr FLA. pnt o y ri nia . a0C"sR ?OITRAS (~e~) ~ - CIERK C'~CUIT GOURT . ~~a~~ NECOR~ VEF.~FIE~ ~~a~~ SiATE OF FLORIOA ~.R ~g 'O 16 ~N couNr~r oF 5 t. Luc i e ~c~ n ry~ ~ Anthon E rifania z~ ~ Before me perwnally appea~ed y Q and Marv Ann Enrifania his wife, to me well known and known to me to be the individuals dexribed in and who exetuted tF~e foregoing instrumeM, and acknowledged before me that they executed the same fw the purpotes rhe.ein expressed. And the .a~d Mary Ann Eprifania .vife of the said Anthony 6prifania , upon a uparate and privats examinat~on by me ta4en separate and apart from her said husband, acknowiedged to and before me that she executed said instrument freely and voluo- rarily and w~~hout any cornpulsion, constraint, apprehens~on, a fear of or from her said husband. WITNESS my hand and official seal tbis__ ,~7` ~ day of Ma r A. D. 19 77 ~ ~ i . Notary Pubiic in i tF~e State of Ftorids at larye ~ My Commissi xpires:'~~~ Return To: ~ Firtt Federa) Savings 3 Loan Associafion h~'~~Y P~~•r~_ Stote of Flor'a~ e? (~?ga O( fort Perce. My Cer.tr,+::;.on t;~~,jcs :•:.y 1977 ~ Forr Pierce. Ftorida ~n~.d Ame:..,.: f•:• ; C~.~-t y i.o. ~ ~ # , i ~ This Instrument Prepared By J. Ha l Fobert s~ Jr . . l; r First Federal Savings & loan Association ~ of Fort P~erce~ Florida - s~~ ' . ~ . , E'.~ ~Uc~ PllGf ~ ~ ~ ~ - Checked By ._,~_._t___- . ~ " ~ ~ " - ; _ . ; .