The URL can be used to link to this page

Home My WebLink About2692 3. To p!ase and confinuously I[ECP on the t~u~'dings now o~ hereafte? sitvats on said land and on ali cquipenent and perso~aily covered by this ma ege, wi~h dll ptcniiv:nS ~he~eon pa d~n full, f~re insurance in Ihe usual standa~d po~icy iorm, in a sum approveJ by the MOR~G.:GEE, and windsto ~ns~rance ~n ~he uwal s~.~~~dard pa~•cy fonn, in a wm approved by ~he MORIGAGEE. in such compa~~y o~ canpanrcs as ~he MORTGAGEE m d~rect; and all fire an~ windsrorm ins~rance policie~ on any of sa~d bu~td~ngs, any intereat ~herein or pa~t thereof, in the aggregare sum aforesaid in excess th~~~eo(, shall :cnt~~n ~he usval s+andard moregagee tlause w such othe~ tlause as Ihe Mortgagee may requ+re, making ~h3 loss unJr~ sa:d po c~es, each and every, pa~ab:e to sa~d ~tORTGAGEE as its inteveit may appear, and esch and every such porlcy sha!! be prompUy ass gned and de~ivarrd ~ any hetJ by s3fd 1dOR(GAGEE as (~~ther sewr~ty fo said mortgage debl, and, not Ioss than ten (10) days in advance of the expirat~on of each pat~cy, to d. t~ve~ To sa~d h10RiGAGEE a renexol thereof, to~ether with a receipt for the premivm oi such renewal; and thrre shaU br no tue or wdndsro-~n inswanc placed ws any of said bui?d~ngs, any iretcresl therem w part theteof, unless in the (orm and with fhe loss payable as aforesaid; and in the event any s~n 04 money becomes payabte ~nder wch policy or pol~cies said MORTGAGEE shall hava t~e opnon ro rec~~ve and app:y the same on account of the indrbted ~css sec~red hrreby o~ to perm~t s~~d 1dOR~GAGORS to receive and use if w aey pare the:rof fo. o:n~~+ purF~~s:~s, .•.~iho~t ~h_~~ ui •,v,.~~i ~3 cr ~~npau ~nq any equ~ty, I:en or r~yht und~r or by viriue of this mo:'gage; a~+d in the event sa~d MORTGAGORS sfiall :or any reason fail to keep ~he sa~d premises so :nwred, or fa~l to deGver pron,ptly any of said pol,cies of insurance to said MQRiGAGEE, ur fai! p:omp!ly to pay f~i:y any premium thercfor o~ in any respect faif ro Fe~(orm, d~scharge, execule, effeu, [ompleta, comply with and abide by this covenant, or any parl ha~eof, said MGRTGAGEE may piace a^d pay for such insur.~nce or any parl thereof withoul waiving w aHec~ing any option, lien, equny, or n~h~ under or by vir~ue of this Mortgage, and the f~ll mnouro of each and e.ery such payn,ent shalt be immediately due and payable and shal! bear interest from ~he da~e thereof until paid at the rate o1 ~~;nc n~r tentvrn pcr a~~nu:n and to~_-thar with suth intar~st shaii be srcured by the lien Of this mortgage. ? 1. To pcrmit, comrnit or suffer no waste, ircpairment w deterioration of said property w any pa~t thereof. 5. To pay all and s~ngular the cosia, charqes and expenses, including a reasonable a»orney's tee and cosrs of abstracts of titte, incurred or patd at ~ny Gn;e by so~d MORfGAGEE, because or in the evenr of the failure on the pa» of the said MORTGAGOR to duly, promptly and fully per(orm, d~scharge. >x<~c~te, effea, cempiete, comply w~th and ab.de by each and every the stipu~at~ons, agieements, co~dit~ons, and cove~ants of said promissory note and this ~:o: tgage any o~ e~~her, a~,d sa:d costs, charges and expenses, each and eve~y, shatl be immediatety due and payable; whether or not thefe be notice d± m;-,d, ane:npt to coliect or svit pe~~d~ng; and the tull a~nouN of each and every s~ch payment shall bear interes~ from the date thereof unril paid at the ..~r~~ u; nme per c~nr~n, Ner onnu:» ; onc: all said custs, char9es and ex;~enses incurred or paid, togethrr wuh such interest, shall be secured by the lien of fhis .r or tga9e. 6. That (a1 in the even~ of any breach of this Mortgage or defautt on tF,e part o1 the MORTGAGOR, or ;b) in the event any of sa:d sums of money here~n referred to be not pron~pt;y and i,;lly paid wiihi~ th~rty (30) days nex~ aircr the same severa!Iy become due and payable, without demand or noiice. or ;c) ~n the event each and every ~he sripularions, agreemenrs, cond~rrons and covenants oi sa.d pro~nissory note and th~s mortgage any or either are no1 ~u,y, prompdy and iulty pe~formed, d.xharged, executed, effected, compteted, complied with and ah~dad Sy, then io eithe~ w any such evero the said ag~ y-~-ga!e wm mem~oned in sa~d promissory nute then remaining unpa~d, vvith intere;t atcrued, and a~i moneys setured hereby, shall betome due and pay- ~o a lorrh ~~th. or thereafrer, at ~he op!ion of seid h10RiGAGEE, as futly and compleee~y as if al{ of the sa~d sums of money were or~gir.aily snpu:a~ed ~o be pa.d on wch d,:y, anything in sa d prorn;ssory note or in this Mortgage to ~he comra~y notwirh;~anding; and thereupo~ or thereafter ai the opt~on oi s;.d MORiGAGfE, without nOi~CC or demand, wrt at !aw o~ in equity, therefore w thereafrer begun, may be prosecuted as if all moneys secured hereby c, d matured pnor t0 ~ts institunon. 7. ihat in the event that at the beginn~ng of or at any time pending any suit upen'this Mo~~gage, or to foaeclose it, or to reform it, or to enforce i~yment of any Naims hereundrr, said MORTGAGEE shatt appfy to the ~ourt havinq ~w~sd:cr~on thereof !o? tF~e appo,ntment of a Receiver, such Court shail th~yirh appoint a reteiver of said morrgagrd property a!1 and singular, indud~ng a1L ~nd singular the income, prolds, issues and revenues from whatever s..,rce der~ved, each and every of whkh, i~ be~ng express~y understooci, is hereby mortgaged.as if speci~icaUy seT forth and deuribed in the grantinq and `.~:>endum cJauses hereof, and s~ch Receiver sha11 have all the br~ad and effecri~ee.fuilcnons and powers in anywi5e entrusted by a Court to a Receiver, and s~h appo:~tment sh3ti be made by wch Court as an admiued equ~ty and a matter of'..abaolute right to sa~d MORTGAGEE, and wifhout reference to the +:iequ;cy or inadequacy of the vat~e of the property morrgaqed or to the so~vency or inso~vency oi sa~d MORiGAGOR a the defendams, and that wch •,•,rs, prof~rs, inco~ne, issues and revenues shall be applied by such Receiver accordmg to the iien or equity oi said MORTGAGEE aod the practice of such `ourL 8. To du!y, prompt?y and fully perform, dis:ha~ge, ezecute, effect, complete, compfy v~ith and abide by each and every the stipulafions, agreemenis, :::,d~tions and covenants in sa~d promissory note and this mortgage set forth. 9. TF.at in the event the ownership of the mottgaged premises, or any part thereof, becomes vested in a per~n other than the MORTGAGOR, the Y'~RTGAGEc, in wccessurs and ass~gns, may, withovt not~ce to the MORTGAOR, deal w~th s~ch wccessor or wccessor in i~terest with relerence to this ^ ~•tgage ar.d rhe d,ut hereby secured in the same manner as with Mortgagor without in any way vit~ating or d~scharging the Mortgagors' liability her~ der or upon !he d,~br hereby sccured. No sale of the premises hereby mortgaged and no forbearance on the part of the IJIORTGAGEE or ita successors r- ass~gns and no ex!crs~on of the r~n,e for rhe payment of the debr hareby setured given by the MORTGAGEE or its succe3sors or ass:gns, a~~all operate +c re~ease, d~scharge, modify ~hangc or affect the original liability of the MORiGAGOR herein, eilher in whole or in parf. 10. It is spec 4~caiiy agreed that time is of the essence of this conrrad and that no waive~ o( any obl~gatlo~ hereunder w of the obligation s~ cured hereby sha:i a~ an~ ti~ne ~hereafter be heid to be a wa~ver of the terms hereof w of the instr~ment secured herby. l i. 1n .::i~? r:c., ro r:,e fo:ego ng mcnth!y paym_n!s of prenc pal a»d ;nr_.est .equ;red by the prom:sscry no~e src~red hereby, mortgagor covenants ~ agrces to pay To c:crtg3gee x~th each ~nonri~iy pa~r.~ent an add~rionai wm ess,mared by mortgagee to be egual to 1 12 of the annual cost of the follow- A-AI~ rea; E:ropcrt~ t3x_s iev~ed o• assessed ayai•ut the above descri~cd reat esrate. 6 F:; ~ s on fire and w~ndsrorn: ~nsurance as nerc~n reqo~red to be ca~ried en the ~mproveme~ts s~tuate on the above descr~~ed premises. C-Pr~•r,:ur• s o~i s~ch rr.ort~>oe guaranty ir.su~a~.ce as mortgagee shail from t:me to time d'rem fit to carry on the ban secured hereby. A',ortgag~~e s~u'i fr,;.n nme to t~~~:e not~fy mertyagor in writing of the amou~t due and payable he~eundrr and such sum shall thereupon be due and ..st,fe on th_ c:,re of rhe ,,:r,et month:~ payn,e,~t and each successive month thereahcr urni~ mortgagee shall notify mortgagor of a change in suth ~unr. Such wms st a.i Le ap~:;;ed by mwtgagae to+va:d the payment of reaI property tazes, insurance prem:ums, and mortgage guaranty i~surance . ~~iu~ns. - IN i7t1P~EJS ':~HERFOF the said /~ORTGAGO has hereunto set his hand and seal th2 day and year fi t afores " ~ S~gned, Sealed and eliv red in e presence~ ~ / ~ / ~a~~ Hattie L. Patrick ~~at~ a single adult ~~a~~ - - (Sea!) STATE OF FLORIDA ~ St . Luc ie ~~;U'JTY OF _ ~ ~ Before me personalty appeared Hattie Patrick a sin le aCjlilt f. . ~ . Sh1C~C to me well known entl.kn~ } ~ ~'r~ +n4. t~ btr c rh.~ ind~viduai~Cdescr~bed in and who executed the foregoing instrument, and atknowledged be(ore me that ihey executed the ~Sm r ~he`qAr~ptes• ' rh~rein expressed. ]6X~~C1RCYaX~ ~ ~ : R . 'L . a%~XKj6~LXaXdC_ _ ~ _ ~CJQltDQfOK DU67~SC~7~XrK]Opt~[OC fXS~WQ06iC 7C06A6DL9i70XX~0~~[DU ~OIC~YdCD~ Y~i)6Yr}Q)C ~ ~ ' •v~ . ~YIINESS my hand and offiual seal th~s - day of ~CtO er _D_.~~~ - ' C . Notary Public in a d fpt the State of florida ,at Large My Commission expir~: ~ S Return To: ~ First federal Savin~s b[can As3ociat~on Of fprt V..:ce Fort Pier~z. Ficrida FILf~ Al~O AECORD[~ ' 5?, LUC1E COUNTY fL ~ Rpg~R POItA~f CIERR CiRCU~I ~ This Instrument Prepared By : Gary F. E1lwoodECORO YER~F?EO....~-~" First Federal Savings & Loan Association ~u ~7 of Fort Pierce ~ Rlo rida 33450 ~?t It !N~ 1~ ~ Checked By - ~~A~~~ J 1~ F ~~6 PAGi~~U80 _ G:,~( ( 1~,} ~ . - _ - - - - - ~ ~ , ayk .,..~'~~~~:~~~~hr~i:~' .?`i,,..:.~ . . ck~''~~