HomeMy WebLinkAbout0499 3. To pl~c~ and conunuously ke~p on tFw bu~ld~nys no~« a Mrea(~~~ ?~iwte or ~a~d Iand ~r~d a+ ali equipmeM srtl pKSOnd~y tovacd by thit rtwrt¢
~g~, with ~ll p~tmivml ther~on ps~al in full, tite insu~ance in tM usual •tanlard policy fwm, in ~ avm ~pproved by the MOkiGAGEE, and windstorm
inswancs in ~l~t ~swl iundard po~~ty Iam, i~ a iwn ~pproved by ~M MORTGAGEE, in ~uch company or compan~es ai tM MORiGAGEE may
direclj ~nd all iir~ u~d windilorm insurana polici~s on ~ny ol teid buildinys, ~ny ints~ast therain or part thereaf, in ths agy~eq~te fum aforeu~d a
In eaae~s tlwreo/, ~hall conbin 1M usval standard morfyspN cl~us~ a ~uch othN clavu ai tF» Mo~~qagr~ may ~equ~r~. meAinp tM lou u~dsr ~~~d poti~ ~
ci~s. NcA and ~wry. par~bl~ to iald MORTGAGEE u ib intere~l may app~a~. ~nd each and ~vay ~ucF? po~icy shall be prompNy ~u qn~d a~d delivered to ~
my hdd by said MORiGAGEE fu~ths? ~ec~?ity a uid r+orpa~ d~bt, and, nol I~a lhan te~ (10) days in ~dwnce of th~ txpiration of e~ch polky, to da ~
IivN ro uid MORiGAGEE ~ nnowal tMreof. teg~tMr with • receipt fw Ihe pt~mivm of such ~tnawal; ar+d lhere fhall be no fin o? winds~o~m in~wru+t~
pl~c~d on anr of said buitdinps. u+y inter~sl ther~it? w parl ~hereoi, vnfess in tM fo~m and wi~h ~F~ losa payab!e as aforesaid: and in ~he eve~l any ium
of mon~y becwn~s p~yabl~ under tuch policy q polKies said MORTGAGEE sMtl haw ~he opr~on to receive and apply the iamo on accwnt oi tM indebted-
nau sscu~~d Fw~by a ro permit s+id MORTGAGORS ro ~cceive ~nd us~ it or any parl thcreof iw oti~cr pur~,oses, v.:rho~t thr.~o~ .vai+i•~~ o~ ~mpair-
inp aoy puity, lien w right w+da a b~r virtw of th~s mortga9~J and in ~he ~ven~ s~id MORTGAGORS ~hall for any reason fail to keep tF~e iaid prem~tes so
in~ured, o~ fail q delive~ promptly ~ny of said poiicies of insvrance to said MORTGAGEE, a fail promptly to pay fu~ly any premium lhcretor a in iny
respect iail to pafam, dixharye, .executa, eff~cL complete, comply with ~nd abide by th~s cove~aM, a any par~ harcof, said MORTGAGfE may plsce a:,d
pey iw tucA irauruxe a ~ny part tMreof without waivirg a ~fiectinp any opeion„ lien, equity, or r~ght undr~ w by virtue oF thts Matyaga, arid ~he .
full amouM of each a.~d tvtry such paymsnt ah~ll be immediately dw and psyab~e and shall beu inlerrsl I~om tha date thereof unlil paid at the-~a1e ot •
n~rx pq centum pa annum and together with tuch interest shall be sacured b~r the lien of this matpage.
1. To p~imit, oommtt w wffN mo w~sN, Mnpairment a detaiaatcoe~ of seid property p any part ~hereof,
S. To pay all and ~in~ular th~ cwts, cbar~es and expenses, ~nuudir~ a reasw~abk anomey'~ fee e~d cos~s of abatnd~ of titls, incu?red or paid st
sny twne by s~id MORTGAGfE, becaust a in the ~vent of tAe failun on tM put of ths isid MORTGAGOR to duly, promptly and (utly perfwm, d~uha~ge,
execut~, ~ffect, complet~, tomply with snd abids by ~ach ~r+d ~wry the itipula~ions, sgreements, conditions, and covenants of sa~d promisw?y note and thii
mortya9e ~ny w a~her, and ia~d costs, cMryes and eape~se~, ~xh and evmy, iMll b~ immedutely due ~nd payable; whefher a nor there be notice d~
msnd, attempt ro tolkct w wit pendirg; and tM i~tf amount of each s~d every such payme~t shall bea. interest from the date lhereof uNil paid al the
rate of nine per centum per annum; and atl said costs, charges ard expcaxs incurred w paid, toge~her w~th such inlerest, shall be tecured by the lien of thi~
mortpape•
6. Thal (a) in the event of any bre~ch of this Matgaye w def~ull on ths part of the MORTGAGOR, o~ (b) ~n the event any of sald sums of mon~y
herein referr~d to be rat prompNy and iulty paid witliin thirty (30) days neat atter the senx sevasNy become due and pay+ble, wi~hout de~nand a notice,
or (c) In ihe event each ar~d evcry ~he stipulatio~?s, sgreemems, co~ditions and covenants oi sa~d prom;ssory note and th~s mo~tgaya any w e+eher are not
~uly, pomptty and fully perfamed, diuharged. execu~ed. effectcd, completed, compl~ad wi~F~ and ab~ded by. then in either o~ arry auch evem the said ag
gregate sum mentioned in sa~d promis~ory not~ then remaining ~npaid. with in~etes~ acaued. and ail moneys secu~ed herebY. ~ha11 becarw du~ and pay-
abse fathwith, w thercafter, at Ihe option of said MORTGAGEE, as ivlly and completely as ii all oF the said wms of money were a~gioaliy ~t~pulaud
to be paid on stich day, ar~ythE:sg in said ~,vx»issory ~oee or en tRis ARxsga~r to Ihe con~rary notwi?hstanding; and thereupon or thereafter at the oprion of
said MORTGAGEE, without notice a demand, s~it at law w in equity, therelwe w thereafter begun, may be prosecuted as if •II mortey~ secured hereby
had mafured prar to iri institWion. • , ~ ,
7. ihat in the event that at the beginning of or at any time pendi~g any suit upon this Matgege, to. (Weclose it, a to reform it, w to enforte
payment of any dairta herevnder, said MORTCsAGEE ahatt ~pply to the Court having ju~is~~ction thereof foi the appo~~tment of • Receiver, such Court shall
Furthwith appoint ~ receive~ of said natgaged property all and singular, incl~rd~ng all a~d singular the income,;pref~ti,-issues and revenues trom whatever
wurce derived, each and every of whKh, it beinp expressly ~nderstood, is hereby mor~gaged as if spet~(ically set for~h and dewibed in the y~a~riny and
habendwn clauses hereof, snd such Receiver s!?all have all ~he broad a~d effecrive funct~ons a.~d powers i~ anyw~:e entrusted by a Court to a Receive~, ar+d
such appointment shall be made by such Court as an admitted equity and a mafte~ of absolute righ~ to said MORiGAGEE, a~ without reference to the
adequacy w insdequacy oi the wlue of the properry mwtgaged w to the wtvency or insolvency o( said MORiGAGOR or the defendaMS, and 1ha1 such
~anTt, profib, incane, issues snd ~evenues shal~ be apptied by such Receiver according to the lien o~ rquity of said MORTGAGEE and~ the practice of such
COUA. .
8. To duty, promptty and fully pe?form, ~scharge, execute, effect, complete, comply wilh and abide by each and every the s?ipuiations, agreements,
conditions ~nd covenants i~ w~d promiuory rate and this mortgage iet fath. -
9. 1F~as in the event the ownership of the mortaaeed uemises. or any part thereof, becomet vested in a aerson othe~ th~n tF~e AAORTGAGOR. the
MORTGAGEE, ib aucceuors and auigro, may, without notice to the MORiGAOR, deal wi~h such s~ccessor or successor i~ interest with reference to this
rr.ortgs9e snd the debt hereby securtd in the same manner as with Mo~tgago~ without in any way vitiating w d~xharging the Mortgagors' iiability hcre-
under ot upon ti+e debt hereby secured.• No ssb of tFK premises hercby mortgaged and no fwbearancr on the part of the MORiGAGEE or its succesaon '
o~ assiyra and nd exrension of the time for the payrn~nt of ~he debt Aereby xcurr.d yiven by tM MORTGAGEE pr its sutcessots w auigns, shall opewte
to releass, disch+rgs, modify thange a aifect the original 1iab~l~ty of the MORTGAGOR herein, either in whole cr in Psrt,' _
10. 11 h specificslly ag?eed that time is' of the essence of tfin contract and that no w~iver of any obtigaYan herevnder w of the obl'gatan se-
cured hereby shall ~t any time thereaftsr b~ held to be ~ waiva oi the terms hereof w of the instrument secured herby. _ '
11. In additio.~ to Ihe forego`ng rtwnthly payments of princ'pal snd imerost requ~rtd by the promiuory no!e sewred hereby, mortgagor covenaMs
end agrees to pay to mortgagee with e~ch monthiy payment an add~rional sum estimated by mortgagee to be equa! to 1/12 of the ann~al cost of the iollow-
in9:
A-All real property tsaes kvied or assesscd against thc above descrihcd reat estate.
B--Premiurm on firc and windstorm ir~wrar,ce as herein requ~red to be carried on the improveme~ts situate on the above described premises.
C-Premiums on such mortgage guaranty insurance as mortgagee shatl from ~~me to time deem fit to carry on the loan secured hereby.
Morfgagee shall from time to tirt~e ~otify mp~tgsgor in writing of the amount d~e and payabk here~mdrr a~d such sum shaH thereupon be due and
Fayable on the due date of the next monthly payment and each successive month thereafter until mortgagce shall no~ify mortgagor of a c e in such
~ a~ounl. Such sums sF.atl be applied by mwtgagee ~oward the payment of real property ta:es, insu prem:ums, nd rtwrlgage ua ni inwrance
premiumf. ~
I IN WITNE55 WHEREOf, the said MORTGAGOR has hereunto set his hand and sesl the da and r first for R
~ Siyned, Seakd and delivered in the presence of:
' FILEO ANO i1ECOR0ED ~ ~
- ST. ROCER P011TRAS `A. aqt
• n
CLEAK Ci~CUIT COURT ~ '
. ..a~F~ED A~ . ^ .y ~ ,
STATE OF F10RIDA ~ ~Z ~ ' ^ , , = ;
Z~J IO 39 AM Z~ ~
couNrr oF St. Lucie ~ - : ~
8efore me penonally appeared ~ta M. LoPresti, a single adult -
. , _--;k'~
rhe individwl described in and wFw exscuted the for instrwnent, and ackrww /~'~`~tn me we14 k~~j~"~:~ `m~~o b~
eyarg kd9ed befwe me that~he eaeail6t~~,tjK s~^~,'~t ('purposes ~
R ,
rherein eupreased.
~ e
r
WITNESS my hand snd official seal t~ °~3 = day of ~ ~ A D. 19 ?7 s
` a
• Not ubl'~t in ard for the State of Ffaida at L+rge ,
• My Commiuion ~xpires: .
Rehrrn Ta
Fint federal Savirgs 3 loan Auociation ~ ~ ~ ~
a
Of Fort P:erce. E~a ~ ~ ~
Fon Pierce. Flwids ~M ~ A~~ ~ a~~~ '
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~
This Instrument Prepared By G~'Y F• ~~Od
First Federal Savings & loan Association
of Fort Pierce _
Fort Pierce, Florida 33450
_ 0~273 P,~ 4
Checked By ~ ~
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