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To pl~n and tontinvarsly kNp on th~ buildinp~ now a hK~afN~ utwN or ta~d I~nd ux! on alt equiprMn~ ~nd p*non~lly corN~d by ~h~s map~
with dl p~n?iwm the~son pa~d in fvli, f'u~ in~wance in ~M ~iwl sandud policy fam, tn a swn +pprov~d by tht MORfGAGEE. ~+~d wir~~am
I~swa~ in IM v~wl •uoaa.d Po~Ky fam, in a wm app~ov~d by ~M MORTGACsEE. in wch tompany w tomp~ni„ q IM MORTGAGEE nwy _
direaj ~nd dl fin ~nd wi~a.m iniw~na polici~s on u?y of sud b~ild~~+p~. ~ny int~rp~ rM.ein o. pa.t ~he~w(, in ~M aqgrep.~s wm afor~w~d a ~
M~xaa th~nof, ~ii conuin tM ~wai itN+dud mortQ+p~+ ciaw~ a wcA ahu ctau~ as tM Mor~papN may r~q~w. n+~kinp rl,~ lou und~ s~~d poli~
ctN. ~ch and tvery. paYabl~ W uid 11110RTGAGEE ~s its intNett ~wy ~ppNr. a+d ~ach wid ew~y such poiicy ahall b~ promp~ly ~u:pncd and dtlivNed to
any h~ld by wid N10RTGAGEE n furthM ~etwity ro said mort~ap~ d~M. •od, na t.ss ~twe (10) days ~n .dr+~c. of ~M .xq.a~~on of ~ach policy, ro dr
liwr ro~aid MORiGAGEE • r~w+l tMrwf, top~~hK with ~ rec~ip~ fo~ ~h~ pr~miwn of wch ~a+ewa~: a+d ~Fun ~hall be no fia a w~nds~wm i~+wranc~
plsnd on any of ~aid bvUdirps. any interat tMr~in a put ~hawl, w+leu in tF~ form ~nd w~~h tM los~ parabl~ as aiaesa~d: ~nd in the ~v~nt any ~wn
af mw~ty becorn~s payable u~ wch poiity w policies s+id MORTGAGEE shail Mw ~M optan ro rtc~ive and appiy tM tarrw a+ accoun~ of tM indebted i
n~u weur~d F~~by or 1o pKmit said MOIlTGAGORS !o neeiw and us~ it a My part thereof lo~ o~her purposa, w~~houe th~reb~ waivi„~ u ~mpair• .r :
{p bp ~ap~s ~nd in tF» ~wnt s~7d 1NORTGAGORS sAall fw an r~awn fail w k~ep tl?e a1d p~mise~ w
iny ~?y puity, UM p r At ~M~tIM ot vi~tw of this mort y ~ `
insurad. o? fail to dtliwt promptty any of said politia of inwr~na to ~aid MORTGAGEE, a fail p:omptly to pay iuily ~ny premium thertfw w i~ any ' r'~
r~spM fail ~o psrian~, discMr~, ~xecut~, tf(~d, complate, comply with a~d +bid~ by this cova~an~, a any part Mreof, isid MORiGAGEE may pl+ce a~~d -
pey For sucl~ Iiauranc~ a any p~rt t!?Keof wirhout waivinp a aff~ctinp u~y option, li~n. equ~ty. w ri~ht unde~ w by virtw of this Mortpap~. and tM 4
fvll amouot oE Nth ~nd ewry tuth payenN?1 ih+ll be,_immsdi~telJr dw u~d-pYSW~ u~d ~hal) be~r intereil (rom iM data thereof until peid ~1 the tat~ of
nine p~r untum p~? annum and topethc~ with wch intaest ~hall be tecur~d by tM li~n oi this mort~+ye.
4. To pwmit, ca~unit w wff~r no wash` YnP+ument oi dete~ar~tion of ~aid prop~.b a+rw P+rt therwf.
S. To pay all and sfegul~r tl~.casts, cMrg~s ad expenses. ~ncludi~g a r~asonsble a1~w+Ky's fe~ and cotts of ~bsh~tri of title, incwrad or paid
any time by t~id MIORTCaAGEE, b~caus~ a Ip Ms ~wnt of the hilw~ on the pKt of tt» uW MORTGAGOR ro dufy, promptly and fully p~rform, dixharya,
execu~~. ~ff~et. oomplet~. ownply with and ~bid~ by ~ath and ~w~Y ~he stipulatwns, pre~enents, ecnditions, and aov~nanb of said promissory oote and thi~ ~
~„orr9ap~ any or atFw~. ~nd sa~d oosn, ch~r~s ~nd expenx~. cach N+d every, i}wll bs irr~d~a~e~y dw snd p~ysbte: whe~F+e. u not there be nor~ dr ~
msnd, anemp~ to aolkd u wit pend~rg; uid tM fvlt amovot of each and eve.y wch parmem shall bear imeres~ trom ~Fa date ~hereof vnril paid at ~he (
rare of nine per centum per ~ruwm; and all wid coits, charges and expensta iercwred a paid. lopether w~th such inia+sst. aball be sacured by the lisn of this
mortyap~. . .
6. Th+t (a) in the ~wnt of ~ny br~ad~ of lhis Mortyay~ ot d~faulf on tFr p~rt of ths 1Y10RTGAGOR, w tb) in ths ~vcnt ~ny of sa~d wms of mawy
herein reftrred ro be nW ptomp~Fy and f~lly paid within thuty (30) days nex~ after Ihe same sevtratty become due and payaW~, wi~hout demand w ~otice,
~r (c) i~ the ~vent e~ch u+d every if+e ttipvlatio~s, sp.~emenn, conditans arwi coven~nts o1 is,d promissory nota and th~s mort~a9e any or e~thsr are no1
ivly, prompty and fully pKfwmad. dixhai~ed, ex~cuted. ~ff~cted. compt*ted, compl»d wirh and ab~dsd `~y, tha+ in ather or sny such went tM said aQ
gre9~t~ wm mentionad in satd p~omissory noN tMe? r~maininp urp~id. with int~.sst accrwd. ~nd alt moneys ~etured her~bY, sh+tl becon+s dw ~nd pay- _
abte fo?thwitly o~ thereafte~, N tFa option of said MORTGAGEf, as fully and compktely aa i( a~l of the said aums oi nansy were a~ginally st~pulated
~o be paid on wcl+ dsy, a~ything io sa~d promiuory note w in this Mort9age to the conua~y notwithuandiny: and thereupon w thereafter at the option of
said MORTGAGEE, without notica a dem~nd, wit st law or in puity, thnefae or thereafter beg~tn, may b~ prosecuted as if all nwneys setured hereby
had matuted prq~ to iri inslitution. _
7. That in the event that at the beginning of w st aay fime pendir+g u+y wit upon this Mwtgage, w to faeclose it, w to refwm if, a to enfora
payment of a~y claims hereunder, aid MORTGAGEE shali apply to the Covrt having ju~~sdK+ro~ ~hereof for the appo~nfmcnt of a RKQiVN. such.Court shall
fo~rhwith appoint Y reteive~ af said mortyyed prope~ty all and singubr, lnclud~~g all and singular the income, profits, iuues and revenues from wF~stever
wurce dsriv~d, exh and every of whicA, N beinp expreuly unders~ood, is hereby mwtgsged as if apec~ficaliy sct forth and deuribed in the 9rantinp and
habendum clauses he~eof, and such ReuivK sh+ll h~ve ~li the broad a+~d effective funct~ons and powas i~ Myvrise entry~ted by ~ Cou?t to • Receiver, ~nd
Euch appok~tmeM shall be made by wch ~ou?t as an admitted eqvity and a rryttar of absolute r~ght to said MORTGAGEE, and wi~hout refererxe to the
edequacy w insdeq~acy o4 the valw of ths properry mo?t~~ged w to the w~rency w insolvency of sa~d N10RiGAGOR a th~ defendants, and that such
rrm:, profin, income, iuues and revenues sMll b~ applied by u,ch Receiva accord~ny to ths lien w puity of said MORTGAGEE and the p~actice of such '
CouA.
8. To dvly, promptty ~nd fully psrform, d'achar9e, execute, effect, coa~plete, canply with and ~bide by each and every tM sY~pulatio~s, ag~eeme~ts,
cond~e'am and eove~wms in s~id promiuay not~ ~nd Ihis mortgsg~ set fwth.
9. Th~t in tM event ths ownership of the mortysyed premises, or ~ny psrt t}rcreof, becwnes vested in a persa~ other thsn the MORTGAGOR, th~
MORTGAGEE, ib successo~s and assigm, may, without notice fo the NIORTGAOR, deal with such auccessor or successor in imerest with refcrence fo thia
mortg~ge u~d tFr_ debt hcreby aecured in the same manner ss with Mortgagw witFaut in any way vitietirg a dischuging the Mort9agors' liability hcra
under w ~pon tM debr hereby secwed. No sale of the Fremises hc~eby mortg+qed and no fwbearsnce on the par~ of the MORTGAGEE w its successors .
or assg~s and no exteniwn of the time fw the payment of the debt hereby secured 9iven by the MORIGAGEE w its :~ccessors or ass~gro, shall opaat~ •
ro releass, d~scl++rye, mod~fy ch~nQe or affsct tFw orig~nal lub~l~ty of tM MORiGAGOR herein, either in whole a in put. ~
10. It it specificatly agreed thst time b of the euenca of tha co~tr~ct +nd th~t no waiv~r oi any oblgat~ hereunder w of ths obligation sa I
cured her~by sh~ll at any time ttwe~ftw b~ IxM ?o be a waiver of ths tern~s hereof ar of Nr ins~rument secwed herby. ~
11. I~ ~dd~tion to the. fa~yo:ny moMh1Y p~Yments of princ;pal and inearest req~ired by the promissory note secwed hereby, mortgsgor covensnq
and agrees ro p~y to mortgagee with each mor+thly payment an addi~ionsl sum estimsted by mortgagee to be equal to 1/12 of the annual cost of the fdlow-
irg: •
A-All real property t~xes kvied or issessed against the above descriycd reat esate.
B-Pr~mium;on fire and windsrwm insurance ss Ix~ein requ~red to be carried o~ the improveme:?ts situate on the sbove desvibed p?emises.
C-P~emiums on such mwtgage gwra~ty inswsnce as mortgagee shall f?om time to time deem fil to carry on the loan secured hereby.
Mortgayee shall from time to time ndtify mortgagor in wrtit:~g of tlK arsiount due and payabk hereunder and such wm shali thereupon be due and ~ ;
II payable on the due dste of 1he next monthlyr papment a~d esch svcaessive rqonth tFrcreafta until mortg~ges shall notify mortyagor of a change in such t
aR,oum. Such wms shali be appl'~ed by mortgsgee toward the Payment of real property taxes, insurance prem.ums, and mwtgage guaranty insu~ance
F
I p~emiums.
i 1N WRNE55 WHEREOF, the said MORTGA has hereunto set his hsnd and seal the day snd year rst +for id. .
~ Sipned, Seakd and delivered in tht of: . .
~ n .
~
! \ a n ;
i -~K thlee~-C.~~.t.~a_- v, ~
~ SiATE OF fLORIDA ~ • = : ~~`I ~7 • ~ ~ #
•r
courm oF St . Lucie _ c•.~. ~
set«. m. ~..«~uy .~.,..d Joseph M. Cic~o : ~i ~ ~
Kathleen A_ CiCio his wife, to rrK 1'Jfnownlni! krrLvn-tar me to b~
the individwls desutbed io uid who exea,ted tFa foreqoirp instrwnent, r~d xkrww~ ed b~fore me that ~hey"i~d'l~D.~w~4'_Jor ~he pwpases
rherein ~xpressed. Md fFK Kathleen A• (.;1C~0 ''r, ~ "'~.~4~~~'
~ W~r~ of ~..~~a Joseph ~ M. - C c o :
upo~ Lf seps~sre ~nd priwt.
exami~ation bp me tsken ~ep~aN and spart from her said husband, adcnorrkdped ro+nd 6~fwe m~ that ahe executed said instrumerN fraely and volw~- ~
rarfly and withari
any compubio~, oorotraiM. ~PP?eF~ansion, or fear o# or from her said hutbsnd.
wnNESS mr h~~d .~d otfK;.t ...i 24th d,~, ~ Au st o. i9 77 ~
' f~l~~ ~11C RECOROEO ary bl' in ~+d iw the Stata of florida at lupe
iT. LUCIE COUNT1r fLA. My ~a„n,,,u,n •,cp;«,; ;
T~ AOCER POiTRAS r
CLE4K CiRC IY COURT ~ ' ~
Fint Fadersl Sarirgs 3 Losn Association •-~~?n YFnlFI~~
Of FoA P~e.ce. ~
Fort Pierce, flaids /u~ ~C I~ ~ ~~I. ~iu ~ AOfl~i it W~
~
H 3'~,~.8 ~+y? c~~. ~ ~w. ~o. ~so
M...... FM . Gnr. ~...•a
.
This Instrument Prepared By ~,=y F. Bllwood ' ~ ~
First Federal Savings b Loan Assouatio~i ~
~ of Fort Pierce
Foft Pierce, Florida 33450 - ~
' ' . ~ i
Checked By ~
~ - ~
BooK 2 i J PaCE 91„1
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