HomeMy WebLinkAbout1808 To plan ~nd confinuously kNp on ~he buildirgs now w her~aftK situat~ on Nid land snd oe dl puip~rw~M ~nd pKwn~lh oovK~d b1? thb natq'
~g~, with ~11 prtmiwnt th~rwn pa~d in full, fi~~ iniu~ance in ~M uiwl sundud policy fonn, in • tuT approwd b1? tM A10ki~GE~i~ ~ ;
'u,~ur~nc~ in tM uswl suadud pol~cy form, in a sum apprw~d by tFw N10RTGJ?GEE, b wd~ canPanY w oomp+~i~s Y
d;rectj and all ik~ and wuKbwrm inswarw~ poliuea on ~nr of aid buildi~, any inNrat thK~in w p~t tMrwf. ln th~ pp~p+t~ swn ~faa~id a
in •xc~a tMreof, sh~ll contain tM usual atandud ma~paye~ claus~ w such o~1wr dww as tM Morpa~ nwY nq~~n. ~*+Akq tM loa wdK s+id pdF
ues, exh and ~vNy. p+Y~bl~ 1o s+id MORTGAGEE as its iotereit nwy ~pp~a~. and e~ch ~rd ~vMy such policy iMll b~ pranptly us:~n~d ae+d d~1ivK~d b
any Mld by said MORTGAGEE ~s fu~the~ setwity to ~+id ~:.utya~ debt. and, not I~ss th~n tM (10) daln i~+ advance Of th~ txpir~tion of Nch po~itY. to d~"
I~ver to said MORTGAGEE • nnswal thsrwf, topal~ v?~ith a roceipt iw tM pnmiwn of wch r~rwwal~ and tMn sMll M ~o fin o~ winds~o~m inswa+iu
placed on any of said buildinps, any intersif fher~in or p+rt the~eof, unleu in tM iwm and with tM loss payabb as ~Eonwk4 and In tM ~wM My wm
of n,on~y becan~s paYabl~ w~? wd~ policy a policies said MORTGAGEE sMll haw the option ro no~fw and ~pply tM NrM on +coo~nl of tM Ind~bted~
neas s~cwed hK~by a ro permit said MORTGAGORS ro nuiw and us~ it w any pa?t thereof fw other qxposes, without thsreb~ waivi~ a imp+'a-
i~,g any eqv~ty, lien or rght ~nder a by virtw of this mors~a~t ~nd in tM ~vent said MORTWIGQRS sh+l! fa ~ny nason hil to k~ep tl+~ s~id pnenisa w
:nsured. o? fall w detiver pranptly u?y of iaid policies of i~suru~c~ ro said MORTGAGEE, a iail p?omptly to py fv11y aehr Pr~niwn tMnfa a in any ~
respect (ail b p~rfarA, dischuge. execvte. ef(ect, complsN. complY with and ~bid~ by tha oowM~t, a any pan Iw~~of. s+id MORTGAGEE eeNy plaa ~nd :
pay fa such irowanc~ o? s++Y p+?t ths~sof w~thout waivirg a ~ffectlnp any optan, li~n, equity. or ripht unda or by vtnw of this Mat~+p~. Md the j
fuli amovnf of each and ew~y wch paymant shall bs immedi~tely d~t and p~y+bb u+d sMl) Etu i~tenst from tM dat~ th~nof w?til paid at th~ ra» of (
n~ne pe? c~ntum pa ~nrwm and to9ether with such intcrest shall be securcd by tM lien of this mort~ape. •
To ps~mit, aomnH or wffer no waite, imp~irmem or d~terior~tan of said prope.ry w~+y p+rt therwf.
5. To pay ~II ~nd sinpul~r ths costs, ch~rges ~nd expenses, inciudinp • tN~on~bb ~ttorn~y's fN and coari of ~bstracM of tttl~, incwt~d w p~W al
eny time by said MORTGAGEE, because or in the event of the failun on 1M W~t of th~ ~aid MORiGAGOR b duly, p.o~ry ~,d fi,~M o«form. d~xh.~w? ;
execute, effect. campkte. comply wi~h and ab;ds by esch ~nd every the stipulario~a, p~esma+n, ca+ditioos, and aown~nn of uid prani:wry nob u~d thi~ ;
mortgape ~ny oI eith!/. ~nd said costs. chuga and e~cpenses, each and ~wry. shall b~ immed~~tdy d~e ~~d pay~bi~t wMtMr a not tMr~ b notia d~ !
mand, snempt to collect or suit pend~i+g; uK! the tull a~nount of eacf+ and enery such payment sMll besr inr~ns~ frwn tM d~» tFweof unti~ W~d +t th~
ra~e of nine per ocntum per arwwm; and all sa~d oosts, charges ~nd expenses incwnd a paid, top~tha w~th wd~ inNnnst. sh+ll b~ s~a~nd by ti~ li~n of thti t
mortgaye.
6. Th~t in the event of ~ny Mcsch of thia Matya~~ w defsult an the psrt of ths MORTGAGOR, or (b) In th~ ~wnt ~ny of ~aid suna of nwn~y
herein reterred to be not promptly snd fully paid within thirty (30) days next after tht same sever~lly bKOrn~ dw ~nd piyabb. withoul dNn~nd O~ noTio~.
or (c) in the evenf each ~nd every ~he stipularions, sgreemenn, cond~~ans •ed cov.nann of s~id panissory not~ and tAia nwnpp~ ~nY a~ith~r a.y eo1
iuly, prompry ~nd fvtly performed, d~scliarged, execured, ~ffected, complet~d, complied wirA and ~bided by, then in ~ifl~u a any nxh ~wnt tlw aid ap~
gregare wm mentaned in said prom;ssory no:e lhen remaini?g unpaid, with interest acaued, and all montys sKw~d. Mnby. ~11 b~eortN dw ~nd p~Y~
abie forthwith, p tlltfNffN, at the opt~on of s~id MORTGAGEE, u fully and compl~tely as if all of tM a~d su~ of nwMr wen oripln~lly ~Npvla»d
to be paid on svch day, anythirg in ss~d promiuory note or in this Mo?tgs~e fo Ihe ca~twry notwitMtandinp; ~nd th~nopon w tMr~ahu at the optae of
seid MORTGAGEE, without notice a demand, suit at law ot in eqviy, therefws or M~rtaftK bpur~, nwy b~ prOwtvl~d M ff dl mo~tri Npir~d IMr~by
had matvred prwr to iri institutan.
7. ?Mt in the event that at the beginnirg of or at any time pending any wit upon this Mortpay~, or fo ~arclw~ k, o~ to nform it, w!o ~nforq
payment of any daims herevnder, said MORTGAGEE shall apply to the Court h~vieg jurisdiction lherwf for tM appointmMt of ~ R~a~iwr, wch Cour1 shd~
forthwith appoiM a receiver of sai~ mortgaged property.+ll and sirg~lar, includug ~II and singulu th~ inooen~, profitt„ ittw~ u~d r~wrwe~ fran whaqwt
source derived, each and every o# which, it being expressly understood, is hereby matg~ged as if_tp~cificNly Nt forth ~nd d~wib~d In thi pr~ntinp aed
habendum clavses hereof, and such Receiver shall have all the broad snd effective functia+s and powen in anpwis~ entrutbd by ~ CaWrt 1p a Rsqriv~t. and
•~ch appointment shall be made by such Court as ~n admitted equity and i matter of absol~te rigAt to s~id MORTGACsEE. Mid without I~fN~np fo th~
adequacy w in~dequacy of the wlue of the p~operty rtwngaged or to the soNency w insolr~ncy of said MORTGIIGOR o? tM d~fendants, and thaf such
re~», profib, income, issues and revenues shall be applied by such Receiver sccordinp to tM lien or puiry of wid MORTGAGEE and fh~ pradiq of wch ~
Coutt. i
8. To duly, promptly and fully perfwm, dischsrge, execute, effect, eomplNe, comply with ~nd abtd~ by wch and fvary th~ stipul~tioru. ~pn~rwnta. j
conditam and oovenants in said promissory ~ote u~d this mortgsge set fath. " -
9. Th~t in the evcnt the ownenhip of the mortgaped premises. or ariy paA tF~eof, beoomes wshd M a penon otMr th~n th~ MORTGAGOR. 11+~
MORTGAGEE, its wccessors snd suigns, msy, without notice to the MORTGAQR, deal with iuch sua~tsur or ~utasta in iet~re~t with nf~rMn to thh
mor~gsge and the debt hereby secured in the ssme maru+er ea with Mwtgsgor without in ~ny way vitiati~ o? daclwpinp tl» Mortypor~' liability h~rr
under or upw~ ~he debt hereby secured. No sale of the Fremises hercby mortyaged and no fwb~awno~ on t1i~ part of N» MORTGAGEE or it~ woceawn
or assigns and no extension of the time for the payrrKnt of the debt hereby secured givan by tl+e MORTGAGEE o? ift ~uto~ssors Or assipM, aMl) op~raf~
ro release, discharye, modify chanfle or affect the wiginal liability of the MORTGAGOR hereiry tithe~ in whole or in put.
10. It is spec~fically agreed that time is of the essenca of this co~tracr and th~t no walwr of a~y oblipatioe herwnder a of tM obllpation N- ~
cured haeby shall at ~ny time thereafter be held ro be a waiver of the terms hsreof or of the irotrument sepN~d Mtby.
11. In addltion to the fwego:ng monthly payments of princ'pal and interest required by the promiswry note secur~d hereby, mor:papor oownanb
and agrees to pay to mortgagee with each monthly payment an additionsl sum estimated by mortgagee fo bt eq~al t0 1/12 of 1FN annual oost of tIN fOllow-
ing:
A-All real property taxes levied or asses:ed agairut the above deuribed real estate.
B-Premiums on iire and windstwm insurance as herein requ~red fo be carried on the improvemenM sitvate o~ HN abovs d~Wib~d p~emi~N.
C-Premivms on such mortgage guaranty irtsurar~ce as mortgages shall from time to tune deam fit to urry on tht loan ~eturd hsr~by.
Mortgagee shatl from time To time notify mortgago~ in writing of the amount due and psyabk hereunder and suth wm sh~l) tMr~upon b~ dw and
I Fay~ble on the due date of the next monthly paymem and each successive month thereafter until matyspee shsll notify morfgagw of s thanp~ ln wch
j a~~ount. Such sums shall be applied by mo.tgagee toward the payment of reat property ta:es, Insur~nce premiwro, ~nd mortyape ~wr~ofy iro~r~nc~
~ p~emiums.
IN WITNESS WHEREOF, rhe said MORTGAGOR has hereunto set his hand and seal the d~y and afaqaid
Sealed and livered i the esence of: 1
~ / q '
~ -
~--n
_ ;
STATE Of FLORIDA ~
.SS.
ct:uvnr oF Sa int Lttcie
Befwe me penonally appeared Rs~ 1 t~h H~ P a t t P r4on and
his wife, fo me we11 known ~nd known to n~e fo b~ •
~he individwb described in and who executed the forepoiny ~?str , and ackrwwkdged befort rn~ that thty ax~cuted the same fw tM purpoaes
rherein exprOSSed. And the sai~ L'~1 8 B. Patterson ~
w;re of ~~a Ralph H. Patterson - , ,~...r. ,~a ~
axam~naYan by me taken sepsrate and apart from her said husband, ~du~owledped ro ~nd befwe me that shs exea»ed said instrument ~reely uid volur~
ran~y and withoW sny compulsan, constraint, spprehensiQ~Qor fear of or from her said iwsbsnd.
WITI~fE55 my h~nd and official ~al thi¦ day of A. D. 19~ ~
~
Notsry Public in u+d fw th~ Stat~ of Flwida d larpe {
~ . , - ~
. . MY Commission ~xpirts:
Retwn Ta. ~'~Obfr ~K, Stitt ,f ~On~ at ~irgE
First Federal Savings a~ n~«~ar~FIIED ANb RECORDED ~y ~o~n;ss;w, Expres #-•i9b9
or fo.~ P;~?~e. ST, IUCIE COUN7Y. FLA. W.d~d ~r ~~c•• ~•~t~~u~,~.. j
, R'CORD ~~ERIFIEO . '~v
Fort P'erce, flwida q/ ~
~ ` ~
~ . s
~ ~ ; N~:
15i88~~- ~ ~ = Q n
~ '6T AtlG 7 PN 3 : I 9 ~ : : . ~ = _ _
~
`~r~~~-~ - ' '
. :0 ~ Fi : OIT R:.S • v
~%~v .
CLERK CIRCUtT COURT
~ ,
~ 600K 161 PACf 1SOS ; - ;
~ _ . ; 1 ~
_
_ y~~ ~ x ~ _`TM~ ~ YM1 . _ " _ - :i~i,
-
- - _
~ -
i.,~
_ d'`{