HomeMy WebLinkAbout1719 3. To placa and con~~nuovs~y kecp en the buitdings neuv or hereafter siluele o~i ~a~d Idr.d dnd on eli ~~~vipment and pcrsonelly c~vared by Ihis morlg•
aqe, w~Ih all premi~cis ther~en E:a;d ir (ull, `ire insurance in ti~e vwal s~aixfa:d po`icy t~rm, in a svm approved t,y Ihe MORtGAGEE, ai~d windetoim
insurance i~~ Ihef usual st~ndird poLcy form, in e wm approved by 1hH MOR1GAGfE, in such com~>a~iy or eompar~ies as Ihe A10RiGAGEE mey
direci; and all (ire a:id wl«Jstorm inwrar;a polic~es on any of s~~d twild~nr,s, any intere~t therein or parl thereol, in Ihe agc~regzte sum afor.said or •
in excafs ihareof, sF~aU :ontain tha us~~l sr.~nd~rd ~nort;~gee clause ur such other cliuse as iha M.o:tfla3ee mey require, mahin~ il,e lose vnJrr •+~d poli-
tit~, each and every, payab!e ~o said A1JRi'vAG~E as ~ts intcr~sl may rpp_ar, aii~l each and evt+y such po!~ty shatl bo promptly ass9:~ed and dc.i~•ered to
any held by said h10R1Gf1GEE as turther s:curUy to said n,ertr~age d~bt, and, nol lass ihan te~~ (~0) days in advance of the expuation uf e~t:~ pol~cy, to dr-
liver to said MOR(G/1GEE a renewal thereef, ?ogethei v+ith a ~eceipt for tl~e pra~r.ium oF such ~ene~.va!; and there shall ba r.o f7re or 'rlinds~or~n insutanco
pl~eed on any of said bvildings, any inte~est tAerein or parl ~hereof, un;ess in thr (or~~; anJ with the luss payaU!e as afcresaid; and ~n Ihe evem ony sum
of moncy becomes payable under such policy or Folki~s sa~d h10RTGAGEE shaU have ~he option to reca~ve enJ app!y the sarne on account of th~ indrbted-
ness t~tured hereby or to p?rmit sa~d IAORTGAGORS to rcteiv~ and use it or any rt ther~ oi for oil~~•~ y:ur~,osri, .~+~thcut th ~r~ o r ~va~vi~~~ cr ~n,pni~• -
inc~ any eq~ity, lien or r~ght under or by wrtue of fhis mc:tyage; and in Ihr evem sa;d h10RTGAGORS sh~ll (or any raason fa~l to keep the said premiars so
lnsured, or fail lo deGver promptiy any of said ~wlicies of insurance to said AIORTGAGEE, or fail pro-nptly to pay fuliy any pre~»~um thercfor or in a~y
Pasped fail to per(o:~n, disch~~9e, execut~, effett, con~p!e!e, comp~y with and abicte by this tovena:~~, or any pirl hereaf, sa~d-A!ORTGAGfE m:~y ptac~ and
pay (or svth insurance or any part Ihercot without waiving or af(ecting any option, lien, equ~ty, or righ~ vndet or bj virlue of this htortc~age, and the
fvll amaunt of eath and every such paymenl shal! kir immediately due and p,~yabi~ and shall betr inierest {rom Il~c; date thercof until paid at tha tate oi
' nine pe~ centum per annum a•~d Io~e1h:~ •xith suc}i interest shaU b~~ s~cured by Ihe Gen of th~s mortc~aga ,
- 4. To p2rmit, tommit ~r suffcr na waste;- impairnuN or detcriorefion of said property or tny part thereof.
5. To pny all and singular the costs, tharges and expanses, including a reasonab!e attomey's fee and tosts of abstrads of titla, incurred or paid at
_ any ti~re by sa~d h".ORIGAG~E, betause er in the evem of th~ (a~lure on Ihe pan of the said h1URTGAGOR :o duly, promptly and tully pcr(orm, distharge.
exetute, eitect, comptete, comply wfth and ab:dz hy en.h and every the_ stipalat~ens, a9reen~ems, conditions, and covenants of said promissory note and this
mortgage any or ei~har, and sa!d costs, charc~es and axpenses, each and every, shall be in~n,ediately due and payable; whether or not there be notice d~ ~
mand, attempt to coliect or suit pend~nq; and ~he fuli amo~~M of each anci every such paymec,t'she11 bea~ imeres~ from the date Ihereof vroil paid at the
~ - rate of nine pcr crntum pa~ annum; and a~l said costs, charges a~id capenses ~ncvrted or paid, to;~ether w~th suth +rNerest, shall be secured by the lien of this
_ mortgage. . . . ,
6. That (a) in the event oi any breach of this htortgage. or default on Ih> part of the 1J10RTGAGOR, cr (6} in the event any o( said sums of m~ney
~ herein referreJ ~o be not pron~ptiy and fully pa~d w~thin th~rty (3J) days next aiter the sa+t~e severa!ly becom~ due and payaUle, without demand or notice,
or (c) in the ~event each and every 1he siiputalions, agreements, cor:diti~r.s and cover,ants of sa;d pramissory nae and this morlgage any or eilhet- are nof
~uly, promptly and fully performed, dscha•ged, ezrcuied, efFe.ic-ci, camFileted, complied v,ith and a6idecl tiy, then in e~ihe~ o~ any such e~ent the aaicT ag-
gregale sum menrioned in said promissory note then rerTiaining unpaid, ~vith in~e~~st. accr~~J, end a11 moneys secured hereby, shall becoma due and pay
a6 c torlhwith, or thereafte~, at ~he op•~on of sa~ci h10RIGAGEE, as fulfy ar.d c~mp!rse~y as ii a11 oi thc said swns of maiey were originally st~putated
fo hr pa~d on wch dsy, anyihir.g in so:d pr~:nlssory note or in this A\ortgage to th~ conrra•y notwithstanCing; and thereupon or thereafler a~ the op~ion of
said MORTGAGEE, withouf n~t~ce c~ demsnd, suit a~ law or in equity,' thc~eiore or thcrcaRer begvn, n;ay L~ prosecuted as if all moneys aec~red hereby
- _ had matured prwr to its institutiori. . ~
. 7. That in the event that at the bey~~~n~ng of cr at any time pend~r.g a~y sui! uron lhis !'Aortgage, or to fo~ctlose it, or to reform it, or to e~ furte
- paymeM of any cia~ms hereunJar, said 1~10RTGAG:E shall apply to ihe Couri h3ving juriad;ction tl~erec( for the ap~~ntment of a Receiver, svch Court shall
- Farlhwith appolnl a receiver ef s>id mo:tgay~d propcrty all and -~nyuiar, i~xtvd.ny all and singuta~ t!~e incon:e, prelits, issues ar,d revenvrs from whatever
source derived, each and every oi ~vh ch, i~ being ex~iressly ur,d=rstcod, is t~ereb/ mortgaged as if spec~ficalty s~t fortFi and described in the gtaming and ;
- habendum clavses hereof, and ivch Receiver SF7]II Mdv2 ail the broad and ef(ectivc furct~ens and pc::ers in anywise entrusted by a Cou~t to a Receiver, and
wch appaint~nent shat~ be made by such Co~r~ as an ad~n~:ted equ~~y and a~Trette~ ui al,solule righl to said h10RTGAGEE, and without reference to the
adequacy or inadequacy of the value oi the properly raor~gaged or to Ihe so~tie,~cy er ~euo:vency of said /.10RiGAGOR or Ihe defendants,. and that suth .
ren~s, profi:s, income, ~ssues and reve~ues sfia11 be applied 6y su_h Qecaiver according ~o the lien or equity ot sa~d MORTGAGEE and the practice of such _ +
Caurf. - ' - .
8. To d~ly, prcmptly a~d fclly perform, d~s:harg>, execute, effect, comp!ete, cornpiy with and abide by each and every the s~ip~lations, agreements, ~
conditicns and covenanrs in said promissory note and th's m~rtgage set forlh. }
9. Thaf in the event the e,•:rn>rship of ~na rcortgaged pre~~i;ses, or any part tF.ereof, becomes vested in a person other than fhe h10RTGAGOR, the ' ;
A'.ORTGAGEE, its success. rs zr,d ass:yns, may, ~v:~hout nor,<e to tha :',ORTG.•'~R, deai •h~ith svch successor o~ succes3or in iNerest with reference to thi3
- mortgagc ard the d•.ot F:e~eb/ securetl in the same manr:cr as •.tiieh :5~rtga3or vr~thcul in any way vitiating or d~stharging the l~4ongagori liability here-
- v^der or upon- tfx'd~_bt hcreb~ sac~~red. t:o sa!:- of ?fie f:re~n~ses h~•rebp inwigaged ar.d nn forbea~ance on the part of the MORTGAGEE or its successors
or assigns ard no extens~on cf ~hc rin,e for the ~ayment oi the d~b+ h~~:eby aecured given hy the MORTGAGEE or its successors or ass;gns, s~~all operata
to release, d~scharge, mod'+fy cnange or affect 1}:e crig;nai Iiao6Gty of th~ h'AFiGAGOR herein, either in whole or in part.
, 10. It is sn•~ufi:al{y a4reed that tim~ is of the esser.ce of this tontract and shat no waiver of any obligat~on hereu~der or of fhe obligation ;o-
' cured hc:eby ~.ha!~ at any tin~e th~reafier Le he'. i to te a w~rver of tFe terns hereof or oE the inztrumenl sewred herby.
11. 1~ add t:o.~ !o fhe iorego'ng ~no.^.rh!r ~;~r•^=nts of pr~rc'p3! a~d intcr~st requL•c~d by the promtssery note secured Fereby, mortgagor tovenants
, and agrcez to pay !o n:orta.~g•.e ~~r~tn each :r•c;n~li!y ~a,~ :ent .,n a~;f~i:ona; s~!n: esf~riated by mortgagee to be eqvat to 1 f`12 oi the annual mst of the follow- . -
, i^-y: -
il-Ail real }:rope=ty taxes !rv~e~' or d55~SSeti.~g3iist th_ a4:ove desui~,:d ~cal estate. . "
B-Pr~n,tumz ori fi.c and vr.n~slo:~r: insu~Cr.ce ~s necc~n r~-qu:rec! tu b~- carr~ed e~~ ~hr improvemeits s;tvate on t}r: above described premises.
_C-Prel~:~ums o~ svch m~.. ;;ge ~::aranty icsurar:ce as ~nortgagec sha;l iro~r. t:m•: to time deern fit to carry on the loan secured 'nereby. i
h!ortgagee sh}?f frem timr to time noti'y =nc~tgagar in writing of th~ ar.-,ount due and payable hereundar and such sum sh~il thercupon be due and
payab!e on th~ d~~ d~te of th= next ~no~th'y payment ar.d eath soccessive month th~rea:ter ur.til mortgagee shall notify mostgager of a change in suth
amc~N. Suth s::ms shajl b~ ap,~Ifed i,y mortgayee tov:ard thc palmeni of real properry taxes, ins~rame prem;ums, a~~d mortgage guarenty insurante .
premiums. •
IN :YITN~SS :YHEREOF, she sa~d T.lORTGAGOR h~s h~reunto set his hand a d s_al the day and year first aforesnid_ . .
Signed, Seated ar.d detivered in the p~es?r.ce of: ~
- - - - _ - FILE43,'•'1[iP=i:~~fi?EO - - - ~ ~t-~- (Seaq
` / ~ ' ST:t.`J:ii ~;J~kiY fLA.
' ~ r,. . iP.dS ld ~A DiBartolomeo . ~ _aq
, R~:.~-.'~~ V
- _ ~ L ~~s~,~ ~ -.s'~s f
G~_FF.?, :,;.:;,i;iZ CGURT - . ~A'
' ?:C~:.~. ;~:'._:-i ~ ~a~tla A. ~iBartolomeo " {seaq
STATE OF FLQRIDA ~ P~ ~ 12 { ~1' 1 ~ ~ _ ~ - ~
MaY Io _ L ~~~15 ~
- cour~rr oF St. i-txci~_ ~ _ .
Before me personaily appe?red ~r~] C_~ A~ DiBart~lomeo Jr • ~ and
-p811~~A~ D~~ar'tO~QID@O - hts wife, to me we~l known ar.d kr.o-.~n io me to be
the individua(s descr+bed in and who exea~ted the fiorego;r.g instrumar.i, and ackno.:tedged befare me that they executed the same for the purposes
, therein express:d. And _s~;a_ - Paula A. DiBartolomeo
wife of th? said C~Yd~.d A. DiBartolomeo Jr. , v}~on a separate and private
exam~nation by m~ tate~ separale and apart irom her said husband, acknowleclged to and before me thal she executed said instrument freely and vo)um
tarily and w~:hout any compuision, constraint, apprehens:on, r fear of _or fram her said hus5and. '
Y~ITfvE55 my hsr.d ard officiar seal this_ ~ day of Ma'y A. D. 19 75 ~
- . - a.~`,~-G>~~ - ~ s
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- tiotary Public in and for' e 51ate of Fiorida at Large ;
' " h1y Commission expir . ' . 3Q . -7~ ?
Return To: . % d
First Federal Savings ~ Loan Associat~on - - " ' t
- _ . . a . ' !
Of Fort P<e:c~.
,,~~?~s:i1s;..~~ {
' Fort Pierce. `Ie: ida ' . • , r _ r;
- . .1„'". ~ • ~j
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This instrument P~eparzd By RobeYt A. Swisher Jr. " _ _
First Federal• Savings 8~ Loan Association ~
_ _ of Fort Pierce ~ F~oYida 33450 , _ . , , ; ' ~
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Checked 8y t _
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~Q~K23g ~~GF ~r. r ,
:,e,
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