HomeMy WebLinkAbout0561 3. To p::cv sr„i tant::c;, ksa{s r.s ~.r2e~:r~s :-s,wv et l-ereetisr 'r:ssiata i3+ te~d ~s,-„3 a~~3 s:! ~~:::l.:~~:!} 3:.'.~ F.`Lf1Of!l~IY LCY!!ed bY rhis mtv~g•
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sge, wi?h •11 p~emiums ~heroon pa:d in 1u11, f~~~ in~ur~nce in ~M uswl standud po~icy fam, io • wm •ppwvrd by ~M M08~GAGfE. +~~d w~nds?wm
~n~u~~ot~ In IFw u~wl sunda~d poGcy Iwm, in • sum apptovtd by iM MORiGAGEE, ie such tompany o? to.npan~ef ~f ~M MORIGAGEE may
d~rec~j and all /ir~ and w~ndsa~m inw.~oc~ polic~~~ o~ u+y o1 f~id buiW~np~, ~ny Int~r~sl tMrein or pan Iha~cof, 1~ tM ~g9rc9ats ~um ~fwesa~d a
in ~a~est lhtreof, sMll contam th~ uwal sN~da~d mwt9ayN t1~uN w~~ch o~M. Naw~ ~s th~ Matyay~~ m~y rpu~r~, making Ihe lou unde~ sa~d poli-
uas, ~acA and every, payabl~ ?o ~sid MORiGAGEE ~s it~ inte~ef~ m~y app~a~, and ~+cli ~nd twry sucl+ pohcy shall be promptiy aa.gned ~nd del~v~red to
eny h~ld by uid h10R1GAGEE ~s (u~~ha ~eturity 1o s~id morpa~ dtb1. and, not I~s~ ~Mn t~n (10) d~~rs in advanca ol ~F+~ sxpir~t~on ol e~ch po~Ky, to d~-
I~ver to s~id MORTGAGEE'a renewal therco(, Iope~ha wi~h • receipt iw the pr~miwn o( ~uch ranewal; and tha~e shall bs no ~+re or w~nditor~n intu~~~ce .
plec~d on any of i~id build~nps, ~ny in~ere~t ther~~o w pu~ therwf, vnleu le? th~ fo~m ~nd wiih ~M lou payable a~ alwe?~~d: and i~ ~he eYe~t any ~um
of rnoney becane~ payable undei such policy w pol~cie~ uid MORTGAGEE ihal) h~w tM option to recaive end spply fhe sa~ne o~ accoun~ of ~he indebted-
nes• wcur~d har~by a w perm~l said MORTGAGORS lo rcceive ~nd us~ i1 p~ny pa~t therrol fa othar yurposes. .•.~~iro~t th:•.ru~ .v..l.~n~ cr „np.,~..
~ng any equity, li~n a right unde+ or by virtw of thit mottpay~~ and in tM tvem ~ud MORiGAGORS ~Iwll for any r~ason fail to keep ~he s+Id p.em7ses so
~nsured, or fa~i fo tiei~ver promp~iy ~ny of said poiicie~ oi imwa~e ~o said MORiGAGFE, o? (aiI p~omptty Io pa~r fut:y any pre:~~:::m thcrc!cr a: i~ any
resFect fail lo pe~fam, dbcMrge, executs, eNed, complete, comply with and abid~ by thii coveoan~, a any pa~t hereol, sa~d MGRTvAGEE o:ay piace a~~tl
pay fw tuch insurencs or any part thereof without w~ivinp w aff~ctinp ~nY option, li~n, eq~ity, o? riqht under w 6y vi~tw oi thif Mortqage. and thc
t~11 amouro of each and every iuch payment shaU be iaunedi~taly dw u+d payabl~ ~od shall be~r intsres~ from ~ha date theraof until pa~d a~ the ro~e ol
nine per cero~m pe. annum and ~o~e~her with ~uch in~eresr shs11 be secured by th~ IiM of thi~ matp~pe. '
4. To petmit, oommit o~ wi(er no watts. knpai.mtM a deteriwation oi said property or ~ny parl 1Mreof.
5. To pay ~11 and sinyula tl» costs, chargei ~nd ~xpenses, includinp a r~ationabl~ ~„orns~/s fes and cosh of ~bstrx+s of fitle, incurred o. pa~d a~
eny tims by said MORTGAGfE, b~ca~t~ p in IM tveM of tM tailur~ on tM p~rt of IM s~W MURTGAGOR to duly, promptly snd fu11y perForm, d~xharge.
execut~. t(fett, comptete. comply w~th and ~b:d~ by each ~nd ~very the ~tipulat~o~a, ag~eeme~ts, ta+diti0ns. ~nd covenants of uid promi?wry note and ~hi~
moregape any o~ ei~he~, snd u~d cos~s, charyes ~nd cxpense~, eath and ~very, th~ll b~ immediately dw and payable; whether a not there be norice de
mand, ~ttempt ~o co~lecl or suit pend~ng; ~~d tM tull amount of each snd ~very s~ch p~~ment sMll bea? in+crest from the daie ~hereof unril paid a~ ~Fx
~.,te of nine per centum per ann~m; and all said costs, charges and exQenus incvrred w paid, lopelhet w~th suth interest, shall b~ secured by the lien of thi~
morlg~~. ~
b: Th~t ia) in the svent of eny breach of this Mwtya~~ a defsull on Hr part o( ths MORTGAGOR, w(b) in the event any of satd sums of money
F~erein referred to be not pranptly and (ully paid wlthin thirty (30) days nex~ alter the same uveraUy become due snd payable, wi~hout demand or notice,
or (c) in the event exh and every the stipufations, agreemenri, conditions and coven+nts ot s~~d promiawry note end th~• mortysga any o~ e~the~ are not
iu~y, promptly and 1uUy pertamed, d~xharyed, executed, effec~ed, compl~ted, compl~ed with and sbided by, then in e~~he~ or +ny such evem the sa~d ag
gregate sum mentionad in taid promissory nots th~n remaininy unpsid, with inttre~f scuutd, and a11 moneys secured F?ereby, shall become dw and pay
ab;e fo~thwith, or ttxresfter, ~1 the option o( said N10RTGAGEE, as fvlly ard completely as ii all of the uid sums of money were w~ginally u~pv+ated
ro be paid on such day, anything in sa:d prom~uory note w in this Mort~age to Ihe contrary notwi~hsunding; and thereupon a thercaiter a~ the op~~on of
s3;d MORTGAGEE, wtthout nonce a demaod, wit ~t law w in equity, theretwe a thereafter begun, may be prosecuted as if all moneys secured hereby
nad mawred pnw to ~ts insutWion.
7. Th~t in the event that at ~he beginning of or ~t any tirrr pendirg a~y suit upon this Mortg~ge, or to fweclose it. or ~o reform it, or to enForca
payment of any claims hereunder, aaid MORTGAGEE shall apply to the Court having jurisd~dion thereol tor the appo~ntment of a Receive~, such Court shall
Fcrrhwith appoinl a rece+ve~ of said matgaged prope?ty all ~nd sirg~lar, intludmg all and singutsr tha income, prolits, issues and revenues from whatever
co~rce de~ived, each and every of whkh, it beinp eapressly u~ders~ood, i~ hereby matgaged af if spec~i~ully ~et fa~h and dewibed in the yreroi~g and
habendum davses hcreoi, and sw_h Receiver shati have ait Ihe broad and effective furt~e~a~s ar~d powen in a~ywise e+~trusted by a Coun to a fLeceiver, and
3~.ch appointment shall be made by such Court as a+~ admitted eq~ity and a rrwtter of absolule right to taid MORiGAGEE, ~nd without referente to the
edeq~acy a inadequacy o( the vafue of the p~ope+ty mwtgaged w to the selvency o~ inso~vency of said MORiGAGOR a the defendants. ~nd ~hat such
re~+s, profiti, income, issues aod revenves shaN be applied by such Receiver accad~ng ~o the lien or equity of uid MORTGAGEE and the prauice of such
Go~rt.
8. To d~ly, promp~:y and fully perfwm, d~uharge, execute, efied, complete, comply with and abide by each and every the stipulations, agreerrunts,
condttions aod covenanrs fn sa~d prom~ssory note and this mortgage set forth. ~
9. That in 1he event the owncrship of the mortgaged premixs, o~ any part therco(, becomes veated in a perwn othe~ than the MORTGAGOR, the
•ti•~2TGAGEf, i~s successon and sss~gns, msy, wirhout no~ice to ~he MORTGAOR, deal with such successo? or successw in interest wi~h refere~ce to thls
--~c•igage and the deb~ hereby secured in the same manner as with Nbrtgsgor without in any way vitiating or d~scharging the Mortgagori liability hcrr
~rder or upon the debt hereby secured. No iate of the premisef hereby mortgsged and rro (wbearante on the part of the NIORiGAGEE or its sutcesso~s
o• ais~gns and no extension of the fime fw ~he payment of Ihs debt hereby xtured 9ivan by the MORTGAGEE or As wccessors a a!segns, shall operate
ro re~ease, d~scharge, mod~fy change w aftect the origioal Gab~I~ty of the MORTGAGOR Mrein, either in whole or in pan.
10. It is spec~f'rcally agreed that time ia of the esxnce of this contnct aod that no waive~ of any obGgatlon hereunder or of the obligation se-
c.,red hereby shall at any fime tixrealter be held to ba • waiver of the terms hereot or of the instrumeat secured herby.
11_ In add:tio~ to the iwego:~g monlhly paymenfs of princ'pal end interest required by the promissory note secured herrby, mortgagor covenants
~~.d agrees to pay to ~~!ga~er xi!h each sr.en!h!y payr^er.t ar. adsl:rionsl sum ettimated by mortgspts to be equal to 1% 1T of thr annual cost of the follow-
A-All ~eal property taxes levied oa a:sessed agai~st tl+e above described real estate.
B-Premi;.ms on fhe and windstorm insurar,ce as herein requ~red to be carried on the ~mprovements s~tuate on tF.e above da:cribed premises.
' C-Premi~ms on sucb mortgage guaranty insurance as mortgsgee shall fiom t~me to time deem fit to carry on the loan secured hereby.
NSortgagee shail from time ?o t~.n~ notify mortgago? in writing of the amount dve and payable F?ereundrr snd such sum sha{~ jheifVppf~.be dw snd
,~,eble on the due dafe of ~hr nozt nwnth:y paymem ~nd exh successiv~ month thereafter uniil mortgayee shalt not]fy morf9agtc.of•b,41Far1~•iw sucl~
I ovnt. Such sums sFali be applied 'oy mortgagee towsrd the psyment of real property ta:es, insurance p~em:~ms, snd mortgaga ~gu~rt~lty~ ~As~rq~tte
~ , _,T.;umf. ~ : t .
~ IN WIFNE55 WHEP"cOF_the said IAORTGAGOR has hereunto set his hand and sesl the day and ye t aforesaid.- ~ ~;t `
Signed, Sealed.and ivered in th csence of: Y ~~ORATION
~ - = ' itlfA ~ RE~D
~T.lilClE COU ~ BY q
f ~X-~ ROCE~ P01T~A5 • _ - n
CIERK CIaCUIt COU .
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F~FiED ~e ; gnato, . • , y a~
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~ 35~26~
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5TA1~ UF Fl~i2i~~i i.vi.ii~i
i vr ~i. tv~i~
I HEREBY CERTIFY, That on this day of June , A. D. 19 77 , ~
Charl~s C. Pic~nato and Betty Pignato }
before me personally appeared '
respectively Presideni and Secretary , of 2
york ~am ~,nrL4.tr~•~~i~*+,~'or}~ar.~tiaa , a ~lc~.r; Corporation, to me
known to be the persons described in and who executed the foregoing instrument and severally acknowledged the exe-
cution thereof to be their free act and deed as such officers for the uses and purposes therein mentioned; and that they
affixed thereto the official seal of said corporation, and the said instrument is the act and deed of said corporation.
WITNESS my hand and official seal at Fort Pierce , said county and st ie. ~
First Federal Savings and Loan .
Association of Fort Pie~e ~
This instrumetlt prepared by; Notary Public, in and r St e and County aforesaid. ~
Norory Futrc. Src,~ c~ r.~rda m bargi
R~bfrt J. BvaS~, Jr. t-My Commission Expires: ,
My Comu:.::ion ~ : v:; Z2, 14T!
_ S': - tonded br Maaric,... .ur 6 Casualry Ca.
~ . ~~ked By~ T- - : ; _
' ~kr..»... ~ ~ BG K2~h7 ~
V, . A~~ 559 sh ~
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