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3. Ta placa and contiruousiy keep on the bvi'di~;gs n~w or hereafter ~itu~ta on sa~d land and on ali equipment a:id pertonally cove?erl by thts morig- `
sge, with all premium~ Ihereon pa~d in tull, f~ra insuran<a ~n Ihe usw) stancia~~ potic~ (orm, in a tium approved by ~he h10R(G/1GEE, and windsto:nt ~
i~~avronce In tho usual s~andard pol~cy iorm, in a s~m approved by ihe MORTGAGEE, in such company or compenies as ~he MORTGAGEE may
di~eclj and al! (i~e and w~ndeto~m ins~~rance policies on a~~y ot said builJ~~ys, any i~to~ast tfierein or part tharrof, in the a99rega~e sum afortsaid or ~
In excess thereoi, shafl coNain the us~al s~ar.d~rd mortc~agea clauso or such o~her clause ai the A1or~gayeo inay requ~re, making thu tose un~er seid polb ;
cies, eath and eve~y, paynb!e to said f.10FiGAGEE at its int~r~s~ may appear, and each and eve~y suth po!icy shall be prompt{y ass c~ned and de!ive~ed to
a~y held by seid A~flR(GAGEE es (ui~her searity to sa~d nwiic~age deb~, and, net less than ten (10) days in advanto of ihe expiration of each policy, to de-
(ive? 1o said l110RTGAGEE a rene~val thcreof, Iogethtr with a recc~pt fo~ thc pramium of iuch reneaval; and tha~e ihall be no fire o~ windstorm insurante ;
placed on any of seid buildings, any interest therein or part thercof, unfess i~~ tha iorm and with Ihe loss payable as a(aesaid; snd in the avent any sum `
of money becames paynb~e w~dr~ wch poticy or policiei said MORTGAGEE sha~l hava the oplion to receive and apply tho same on ~ccount of tho indebtad• ° +
ness secured hereby or ro permit sa~d MC)RTGAGORS ro ~ecaive ar.d use it or any prrt ti~crcaf for o:he. purposei, whh~ui th_~eb~ •.v; iving or III~pJtf- ~ I
ing any equity, lien or right unda? or 6y virtue af this mor'gayc; 8nd in the even~ sa:d MORTGAGORS shall (or any rcason fail To kcca .1he srid premises so ;
insured, ar (ail tr driiver promp~ty any of said ~o!~cies of insurance to said h10RTGAGEE, or fai) promptly to pay fully an~ premi~m Iherefor or in. any ~ ~
resFed lail to ~er(orm, d~schar9e, axecule, effecl, comptet~, comply wi~h bnd abido by th:s covc~anl, or any parl ha~eof, said MORTGAGEE may ptace and ~
pay (or such insurante or any part thercof v+ithout waivinn or affeding any oplion, licn, cqu~~y, or ~:ght ~~nder or by vi~tue oT this hlortgage, and Ihe ~.~:y~ ~
full amounl o( each and every such Faymant shall 6e immed~ately due anJ payable and shall bear interasl from tha date thereof uNil paid at the rate ot
nine pcr centum per annum and to~e~hcr wi;h wth intemst shall be secured by the fen of thie mort~a^e. , ~
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d. Tu permit, commit ur svifer no waste, impairment or deterloration of said propeity or any parl thereof. {
5. To pay all and singular the cwts, <harges and expenses. induJir~ a reasonaGle attorney's fee and cosfs of abstracts of fiNe, incurred o~ paid at `
any fime by s~id htORIGAGfE, betause or in ihe event of the iailure o~ tha part of ~ha said h10RTGAGOR to dufy, promplly and fully pe~form, discharge. . ~
pxecute, eifed, complete, comply with and ab:dz by eath ar,d every the stip~lations, aoreemenls, conditions, and covenants of said p~omissory note and thi~
- m~rtgage ar.y or either, and saSd costs, charges end exF<nses, each and evety, shail be immediately duo and payable; whether or not lhere be notice da ~
mand, attempt ta coilect or suit penl:~~g; and th$ full amoun~ of each and every such paymem shall bear interrsl from the date thereof vnti~ paid at the
t~tr o( nine per centum per ar.,~~:n; and a~i S~~C CGStS, tharc~es and exFens•_s i:xurred o~ pa~d, together wdh such imeresf, ohalf be secured by the lien of fh;s ~
morfgage. , ,
B, Tha1 (a) in the event of a~y breach of tkvs hlortgage or de(a~lt on !tp Farf of the htORTGAGOR, or ~b) in tha eve~t any of said sums of mo~ey
herein referred to be not pro:nptly and tu~ly paid within thuty (30) days ~ext after the same seve?a!ly become due and payable, without demnnd or- noiite,
or {cl in the event each and every ihe stipula~ions, ayreements, cor,d~tions and covenants of sa;d promiesory note r+~d this mortgage any or aithe~ are not
~ ~~ly, promptly and fulty par(ocmcd, d:scharged, execu~ed. etiected, compteted, compl~ed iv~~h and abided Sy, ~hen in ei:her or any such event Iha said ag-
gregata sum mentioned in said promisso:y note then remaining unpaid, ~vith intere>t accrved, and ati mor.eys secured hereby, shall become due and pay
able forlh.vith, or thereafrcr, at the opt~on of said htORTGA;,EE, a: iully aruJ compteiely as ii all oF thc sa~d sums of money were uriginally st~pvlated -
fo be paid on such day, anytning in s3:d prom~ssory note or in this Alortgage to the contrary notwithatanding; and thereupon or thereafter al the option of
said MORTGAGEE. ~n•ithcu~ notke oi demand, suit at law or in equity, therefore or therrafter begun, may be prosecuted as if all_moneyi secured hereby
had matured p~~or lo its institution. _ ~ • ~ •
7. That in thc evenl ?hat d~ the be9inn;ng o! or at any time pending any suit upon this Mor}gaga, ar to fwetlose if, or fo reform if, or to enforce
' payment of any claims hereunder, s3id ldt)4TvkG_E shatl apply to the C~urt havirg jvrisdiction thereot for the appointme~t cf a Receiver, such Courl shall
fc~thwith appoint a recelver of s~id mortyageJ prepcrty all and singular, inctvdng ait and s~ng~lar the.ir.tome, profits, Issues and reventres from-wfiatever
towce derived, each and every oi ~vh~ch, it tx•ing ex}~:essly understood, is hereiiy mortgaged as if speci(ically set forth a~d destribed in the granting and
habendum clauses hereof, and sucn Receiver shatl hnve all the broad a~id eifeurve fun~t;ons and powers in anywise eMrusted by r Court to a Receiver: and
svch appoi,itment shall be made by such Court as an admittrd equ~ty and a maner ot absctute r~gM ro said A10RTGRGEE, and without reference to the ~
adequacy or inadequacy of the v~lue of rha prcperty mortgaged or ~o the so;vency or insoivency of said A10R1GAGOR or the defendants, and that such
rents, profits, income, issues and revenues sFiali be appl~ed by such Receiver a::ord~ng to ihe lien or eqvity of said MORTGAGEE and the practice o( such
Court. •
8. To duly, premF:t;y and tully perform, d;scharge, execute, eifect, comp!ete, corrpty with and abide by each and every ths stipulations, agreemenfe,
tonditions and covcnants ~n said promissory note and thSs mertgage set forlh. _
9. Tha1 in the event the ow~ersh~p of Ihe mattgaged prem~ses. or any par; thcreof, bccomes vested in a person other than Ihe MORTGAGOR, the
h50RiGAGEe, ~rs wccessors ar.d assigns, may, wlihoW r.o~ice to the h!ORTGAOR, dea! wifh such successor or successor in inlerest with reference to this '
_ mortgage ard the deb~ hereby _:cur~d in the samc manner as with Morfg3gor vr;thout in any way vitiating or discharging fhe Idortgasars' liability here- .
vnder or upon thr debt hereb~ sco,red. No sala of the Fre~~:~s~s hereby mortgaged and no fo.bearance on the parl of the MOkTGAGEE or its successors
or assigns and no extension of the time far tFe payment o( the debt h^reby secured g~ven by !he IAORTGAGEE or its euccessors or assigns, ahall operate •
to release, il;scharge, mc,d~fy change or a(fect the origina! liab;lity of t~e ll,GkTGAGt~R herein, eifher in whole or in part_
- 1Q: It is speuficjlly agreed that time is of the essence of thls contract tnd that no waiver of any obligatio~_hereundet or of the obligafion se- .
~ t~red hareby sha!I at any time thareaher be he:d to be a waiv~: oi the terms hercof or oi the instrument cec~red herby.
11. M adJ:v~c.-. to thc fo.ege`.~~g :r,on~h;y p~ymems of pri^c'pa~ and interest requ;~ed by the promissory note sec~red hereby, morlgagor covenants
and agr~es to pay fo ~norrgegee v:;nc ~a,h mon!h:y pjy::,ent an add;~+oaaf sum es~~ma~e~i by mortgagee to be equal to I/12 of the ann~al cost of tne foilow-
ing:
- ' - A-All real propcrty taxts (ev~e~ or assessc:l aga~•~s? th; above d>scrib:d reat esiate. . ~
B-Pren:;u+:~s on (ire and v.; ,dstor~n ~nswa-.c~ as hrrei~ •eq~;red to be carr~ed o;, ~h>_ improvemeits situate on the above desc~ibed p:emises
C-Prem~;;rc.s oa such n:ortgage guaranty irsvrar:ce as mortyagee shaif from ume to time deem fit to carry on the loan secured hereby.
6lortyagee shail from ti~r.e to t~rne nos~?y mcrtgager ~n v,rit;ng oi the amou~f d~e an~ payable here~nder and such sum shall thereupon Ee d~e and -
payable on tha d•~e da!a o: th~ n~,eT n~onth?y paym~ni and each svccessive month thcreafter vr,til mortgagee shall notity mortgagor of a change in such -
amount_ Such sumz sh:'f, ~e app;ied ty mortgaga< to•.va:d the payment of real property taxes, insvrance prem:ums, a,~d mortgage gvaranty insurance ~
premiums. ~
IN ~`JITNESS ::HfREOF, the said N,ORTGAGOR has hereunto aet his hand and seat fhe day end year first aforesaid. ~
Signed, Seated ar.~~de!ivered in tFe pr~sente of: ~~~D . YL-~uu''=~i t
~T, WC E Ciill~li.f _ z,.t _ - _ %G's ~..u~ rsea~)
~-r ItOCER Pp?3Mf ~ K~ h p M
~#iK CtRG11lT COUR't ~
REGO D YLR1f1E0~ Q"~~-~ a4 -
~ _ uretta Musanti ~~ai~ =
- STATE OF FLORIDA ~ ~ 9 3'~~ ~M,~~ •
' `t
COUNTY QF S#. Lucie j ~ ' j
B~tore me persenaliy aa;.e~~ea ~ _ Kenneth ~l. Musaritl end `
;
Lauretta bluSailt]. hr: wife, to me well known and kno•.vn to me to be !
the ind~viduais described in and who executed the foreg~ing instrument, and acknowtedged before me that they exetuted iFe same ior the pw~5o;es #
fherein expressed_ And the s~~d Lau~etta Musanti _ i
wife of the said ~ K~nnP_th A~ Mncan~i ~pon a separate and private
exam~nation by me taken separate and apart from her said husband, acknowledged to and before me that ahe ezecuted snid instrvment freely and vol~n-
farily and without any compulsic+n, constraint, aoprehension or fear of or from Fer said husband. - ' .
Y~fTNf55 my hand and official seal this day of J~e - n. o. ~9 75
~ ~ . - - . ~ v~~[.ti~L.s W7 /J - ~ s-~ - - ~ .
~ Motary Public in a or the Stafe ~of Florida af Large -
• ~ ' - My Commi:sion exp~res: /Q • 3 d • _ ~
Retum To: - -
fi:st Fedzral Savings ~ Loan Associat;on
. Of fort P:arce. _ _ ~`~:~~~.4~~0~~~~~~~`-~
Fort Plerce. Flerida t
: ;,;~~•~~:~i~
_ _ . . . ` ~ • ;
~ - . ` ' : t~.` ~3.~'? ; .s 's
This Instrument Fre ared B ~ 1~ t~l•~ y~~''~
P Y Willi.am J. Foxbes ' 4 y,
~ i: ~
Eirst FPderal 5avi:~gs & loan Association t~~ ~ r ' ~
of Fori Pierce , Florida 33450 - 0 R . ~ , c ' -
PAGE~~V~ r.f'~~~:-~.e.~,.
BOOK ~4 ~t~
Checked By - ~ : L_~?=+
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