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Home My WebLink About1466 . . • . • repi~sr~u~ ~MM~ i~ GW(E~ 71-1~1. ~Tt Oi lf7i. ~~i~ mort~age ~ ~ ~ ~ ~ ~ p~, p~,~ ~ 3. To place and cont~nuously teep o~ the buitd~ngi now o~ hereafte+ ~ituate on s~t~ land and on a~l equipmeM and pe?sonally covered by this mor ~ge, wilh all premium~ thercon pa~d in full, f~re insurance in the usuat standard pality fam, in a sum ap{xoved by the MOR(GAGEE, and w~nds~o ~~sur~nce in ~M usual s~andard pol.cy 1o~m, in a s~m approved by the AAORTGAGEE, in fuch tompany or comp+nies as tM MORiGAGEE m• d~rett; ~nd all fire and w~~dstorm insuronce po~~ues on ~~y of ~a~d build~n9i, any imere~t ihere~n o~ p+rt thereof, i~ the agflrega~e sum afo~esaid in excefi thereof, sMll conlsin the usual standacd ma~gagee clavse w such other clauss as 1M Mortgagee may requu~, makiny the tou unde~ sa~d po cies, ea<h and every, payabte to said MORTGAGEE as its intera~l may ~ppear, and each and every such po~icy shall be promp~ly +ss gned and delivered ~ any held by said MORTGAGEE as furiher security to asid mortgage debt, ~nd, no~ teu than ten (10) dayi in advance of ~he expiration ot each pol~cy, to d~ Gver to said MORTGAGEE a renewal thereof, together with a rece~pt fa the premium of such re~awal; and thero shall be no fhe or windsto~m insuranc placed on any of said build~ngs, any ioterest there~n or part thereof, untesa in the fo~m and with ~M loss payabte as afo~esaid; and i~ the eve~~ any sun of mo~ey bccomes payable unde~ such policy or poGcies said MORTGAGEE shall Mve ~he opt~on to rece+ve and apply the same a+ accoun~ of the indebted t nesa secured hereby a ro permit said MORTGAGORS to reteive ~nd uss it a any part thereof ior othc? purposes, w~thout th~.eo~ waiving o~ nnpa~r j ing any equ~ty, lien or right unde? or by virtue of this mo:syafle; snd in the event ~~d MORTGAGORS shall fa any reason fail to keep the sa~d premises so i insured, or fai) to delivr promptly any of said po~~cies of insurance to said MORiGAGEE, or fail promptly to pay fully any prem~um therefw w in a~~ respect fail to perform, discharge, execute, effeu, complete, comp~y with and abide by ~hit covenant, a a~y part hereof, :aid MORTGAGEE may place and pay iw such insu~ance a ~ny part thercof w~thoW rvsiving a afFectiny any option, lien, equ~ty, w righ~ unde? or by virtve oF this Ma~gape, and the full amount of each a~d every such payme~t shall be immediately dw and payable and shail bear i~terest from tha date thereof u~til paid at the rete ol n~ne per centum pa annum and together with au~h interest shalf be secured by the lien of thi~ mortflsge. 1. To permit, tommit or suff~ no waste, impairment w detcraratan of said properry w any part thereof, . 5. To pay all a~d singulsr Ifie costs, charges and expenses, including a reasonable attwney's fee and costs of abst~acts ot title, incurred w pa~d a~ nny time by said MORTGAG:E, bscau;e or in the event of the failure on the part of the said MORTGAGOR to duly, promptty snd fully perfwm, d~uharge. execute, effect,'tomplete, comply w~th and ab:de by esch and every the st~pulat~ons, agreements, condE~~a+s. and covenants of said promissory note and this mortgage a~y or ei~her, and uid costs, charges and expensea, each and every, shall be immediately due and payable; whether w not there be notrce de ~ mand, atlempt to ebllect w suit pend~ng; a~d the full amount of each and every such payment shalt bca? inte~est from Ihe date thereof unril paid at the ; rare of nine per centtiA~ per arinum; and all said costs, charges and exptnses incurred w paid, together w~th such interest, tMll be secured by the lien of thi~ 4 mortpage. ~ 6. That (a) in the event of any bresch of this Mortgage o? defavlt on the part of the MORTGAGOR, w(b) in the event ~ny of sstd sums of money herein refmred to be not promptly and fulty paid within th~rty (30) days next after the same seve~a~ly become due and payabte, wi~hout demand or notice. or (c) in the event each and every the stipulations, agreements, conditions and covenants of u~d promissory note and th~s mortgage any a either are not iuly, promptly and fully performed, diuharged, executed, effected, completed, camplrcd with and abided !~y, then in either w any such event the said ag gregate sum memioned in said prom~uory note then remaining unpa~d, with intcrest accrued, and all moneys secured hereby, shall beca:~e due snd pay- abte forti?with, w tFxreafte~, at the opt~on of said MORTGAGEE, as tully and comple~e~y as if a:l of the w~d sums of money were o~ig~nally stipulated ro be paid on such day, anything in sa:d promisso~y note or in this Nlortgage to ?he contrary notwithstanding; and thereupon ot thereafter at the option of sa:d MORTGAGEE, without notice o~ demand, suit at law or in equ~ty, ~herefore a thcreafter begu~, may be prosecuted as if all moneys secured hereby nad matured prror to iri ins~itution. 7. That in the event that at the beginning of or at ~ny time pending any suit upon this Mortgage, w to foreclox it, or to refwm it, w to enforce payment of any claims hereunder, said MORTGAGfE shall apply to the Cou~t hsving jurisd~ttion thereof fa the appointment of s Receiver, such Court ahafl forrhwith sppoint a receivcr of said mortgaged property all and singufar, inct~d~ng all and singular the income, profits, issues and revenues from whate~er s~urce derived, each and every of wh~ch, it being expressly understood, ia hereby mortgaged as if spec~fically set forth and desuibed in the granting and habendum clauus hereof, and such Receiver shall have aIl the broad and effettive funct~ons and powers in anywise entrusted by a Court to a Reteiver, and s~cF. appointment shall be made by such Court as an admined equity and a ma~ter of abso~ute right to said MORTGAGEE, and without reference to the adequacy w inadeqvacy of the value of the property matgaged or to the soivency or insolvency of said MORTGAGOR a the defendants, and that such re~+s, profits, incane, issues and revenues shall be apptied by such Receiver according to the lien a equity of sa~d MORTGAGEE and the practice of such Court. 8. To duly, pro~np~ly and fully perform, diuharge, execute, effed, tompkte, comply with ard abide by each u~d every the stipulations, agreements, :onditwns and covensnts ~n said promissory note and this mortgage set forth. ' 9. That in the event the owrtership of the mortgsged p~emises, o? any part thereof, becomes vested in a pe?son other than the MORTGAGOR, the ht~RTGAGEE, its successors and ass~g~s, may, without notice to the MORTGAOR, deal wi~h such succeuor or succe:sor in ~nterest with reference to this n•o~rgage and the debt hereby secured i~ tht same manner as with Mortgsgw without in any way vitiating or d~scharging the Mortgagors' liability herr under w upon the debt hereby secured. No sale of the p~em~ses hereby mortgaged and ~o forbearance on the part of the MORTGAGEE or its successors or assigns and no exrension of the time for the payment of the debt hereby securrd g~ven by the MORTGAGEE or its sutcessors or auigns, ahall operate ro release, dixharge, modify change w affect the original liabitiry of the MORTGAGOR FKrein, either in whole or in part. 10. It is spec~f~cally agreed that time is of the esxnce of this contract and that no waiver of any ob~~gat~on hereunder or of the obligation se- cured txreby shall at any time thereatter be held to be a waiver of the terms hereof or of the i~strument secu~ed haby. 11. In add.tio~ to the forego:ng monthly payments of p~inc'pal and interest required by the promiswry note secured hereby, mortgagor covenants a~d agreea to pay to mo:tgaqee w~th each month!y payrnent an add~r]onal sum est~mated by mortgagee to be eq~al to 1 f 12 of the annual cost of the follow- A-All real property taxes levied or assessed agai~st tFee above described real estate. i B-Premiums on fire and windstorm insurar.ce as herein requ~~ed to be carried on the improvemenb situate on the above desceibed premises. ~ C-P~emiums on such mortgaye guaranty ir.surar:ce as mortgagee shall f~om t~me to time deem fit to carry on the ban secured hereby. E Mo~tgagee shail from time to time notify mortgagor in writing of the amou~t due and payable hereundrr and such sum shall thereupon be due and ~ c ayabte on the due oate of the nezt monthty payment and each svccessive month thereafter ur,ti~ mortgagee shall notify mortgagor of a change in such ; ~~ount. Such sums shatl be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, a~x! mortgage guaranty inw~ance y ~ e~emiums. ~ IN WITNE55 WHEREOf, the said MO TGAGOR has hereunto set h~s ha~d and seal the day and yesr first aforessid. ~ ; 5' Sealed and delive in t presence of: ~J ~ i ~ ~G ~ / Seafj ~ ~ . •1) Seal) ~ 8 • Seaq ~ ~ - STATE OF FLORIDA ~ St. Lucie ~ ~ouNnr oF Before me personally appeared Will.iam E. Padriek ~ Poser~ar; PBdI`~CIC his wife, to me well known and known to me to be ~ fhe individwb dewibed in and who executed the fwegany instrument, and acknovrl ed befo?e me that they e~eecuted the sarrea for the purposes ~ ~here+n expressed. Md the sa~~ ~'osemary K. PB~T'~CIC ~ ,vife of the said rni~ar~ E. Padriek upon a separate snd priwts ~ examinstion by me taken separate and apart from her said husband, acknowtedged to and befwe me that she exetuted said instrumeM frlely and vol~n- ~ rarily and w~tFaut any compulsion, cor~straint, appre ryiqd, or feu of or from her said ha ~ WIiNE55 my hand snd official sea~ this day of , r 19~ 3 ~ • ~ e;~ Notary Public in end for t da at Latps ~ . My Commission eapir~s: 'q~~.~~~" - . "r Return To: : ` ~ ~ First Federsl Ssvings 3 loan Association ~ ` ~ % _ ~ V~: ; , ~ f Of Fort Pierte. • S~ j . Fwt Pierce, Flo.~da COAQ[0 - ' ' • fILED AND'~ i3,' • . St. U~« ~OUN1Y FLA. ' ' . NOGEA POIT~AS . ~t; CIERK Cs~,CU~T COUaT ~ - . This Instrument Pre ared B RfCORO YE`~'`+ED P Y R~chard K. Kay~es First Federal Savings 8 Loan Associat~on 59 ~~'Z ;-w of Fort Pierce ~ ~ ~'Y Checked By j1~ r~j~ . ~ ~ s~~200 ~i~fi~ ~ , y ~ ~ - - - - - _ ~r. ~ _ _ - - w~` ,s ~:~t '~S ~ ~ ~ r?~` y ~ i " ~ +~...".a.~'~i~-;°«-s._.__. <'z,~~ »~`.-~*„_..._-r:.~ _ _~~c,.-'"~~