The URL can be used to link to this page

Home My WebLink About1975 To placr and conr~nuo:.sir keep on the L~::d~~~~s nox or he~rafier ~ltuate cn sa~d land and on al: eq~~pn~ent and person~!ly covered by th~s mor~g- ege, wirh all pr:m;vns ~hricon pa.d in f~il, t;ie ~ns.,~a-ue ~n ihe vwal standa~d pol~ty form, in a sum appro~ed by thr h1JR~G=.3EE, and w~nditonn inwrance in ~ha uioal st~•:J~~d pot,cy foim, in a sum approved by the MORTGAGEE, in such co+npany or co~npanres as ~he h10Ri~,AGEE may dirett; and all fiie a::d ~n:ndslorm insurance policirs on any of sa~d build~ngs. any iMerest thrrein or parl Ih~~reof, in tht aggrcgarz wm aforesa~d Or in excess Ih~reof, ahall -.ont~in tha usunl star,dsrd mor~gagae CiausC o~ such other Cia~se as the Mortya~ee may reqwre, ~r.oking tha icss ~ndrr i~~d poli- c~es, each and every, pa;.,bie to sa+d ~L1JRI;,AGtE as its inte~~°s1 may appear, a~~d each and e.e~y s~ch po'~ty sh~ll br pro~r.pYy ass 9ned a~~d da~;.~•r..d ~o eny hetd by sa~d AtiORTGAGEE as iurtiwr sat~r~ry to sa~d mortgage dabt, and, not Iess ~han trn (t0) days ~n ad.ance of ih~ e~p~ret~on of eech pol~ty, ro dr Gve~ ?o ss~d MORTGAGEE a renew~l rhereof, toge~ht~ wi~h a rece~pt to~ the pr~mwm oi such renewal; and thrre sha!I be ~~o f,re c+ ..+~:ds~crm i:uurante placed on any oi sa~d bu~;d~~~gs, a~y interest there~n or parl thereof, unless in the for~n and w~~h the loss pay.~ble as aforesa~d; and in the evenl any sum of money beco:nes pa~ac;r ~~~der a~.,ch poticy o~ po6ues said M.O~iG.~GEE shall have the opt.on to recriYe o~~d apFiy the san,e on account of the i~~d~~ut~~d- ness sewred hareby or to pernrt sa~d MORiGAGORS to receive and use it o~ any par~ t6e.~•of for o:r,•:r pun ;;ses. ...t ~h .ti..~.~ .;r ;,.,r.- ing any ¢c~u~f~r, I~en o~ rlqhi under or by ~'utue o( this mortgage; and in the eveN sa~d MORTGAG02S sha~l fcr any reason (ail ta keep ~he sa~d prem~s:s so insu+ed, or feil to deiive~ pro~np~ly any of s.~~d po6cies of ~nsurante to sa~d MORTGAGEE, cr fa~l prom,:aly to pay fu:ly any prem;~~n thrr~•for or in a~y respea fail to pe~form, d~schar~e, exac~re, etfe!~, canplete, comply with and ab~de by this cova~ant, or any p.,~~ hareel, soad h1GRTvAG~E mey piacr a~~d pay for such insuronie o~ eny part ~hereof wnhout wa~vmg or aiiec~ing any ophon, iien, equ~ey, or r~gh~ undrr or b~ vi~tue of ~h~s Alortgaga, and ~he full amo~N of each r;,d e.e~y such payment shall be irr.mediately due and payaWe a~x! shatl bear imerest Iran tho date the~eof umil p~~d at the rate ol nme per crnr~m pe~ a~~~~~~.+~ o~~d to7e~h~~r wnh suth interast shai~ be secured by the lien of th~s ~nor!gage. I. To permit, comm~t or w[fer ~o wasre, impairmem w dete~~o~ation of sa~d property or a~y pan thereof. 5. To pay all and s~r,gular the costs, charges and eape„srs, induding a reasonab!e attorney's fee and ccsrs of abstracts ot title, incurred or pa~d a~ any t6~:e by sa~d M02IGAG:E, because or in the event of the fa~lure on the part of tFx said NORTGAGOR so d~ly, pra»p~ly and fu4y pe~lorm, d~scharge. e>ec~re, effett, canp:ere, cumply w+th and ab.de by each and every the stipulat~ons, agrerm2nts, cond~t~ons, and tovenams oi sa~d prom~;sory note and th~s mortgage any or eirher, and sn:d cests, charges and expanses, each and every, shall be immed~efrly d~e and payabie; whether or not tha~e be ~oncc da mand, attempt ro coliect o~ suit prnding; and the full amount of each and every such payn,en~ ahall bear interest from the dare ther~of ~ntil pa~d at the r a~e o~ n~~~e pe~ crnc~m F~~ .,~~,wnr, ~nd oll said ccsts, .harges a:~d exa~nses ~~~turred or pa~d, togather w~ih suth interes~, shall be sec~red by the I~an of th:~ mortgage. b. That (a) ~n the evenr of any breach of this Morrgage or defautt on the part of tfie A10RTGAGUR, or (b) in the eveM any of sa:d sums of rt;oney hc.e~n referred to be not pro~np`ty and futty pald w~tnin thaty ~301 days next attc•r the same sevcra:iy become due and payab!e, w~thout deinand o~ nonce, or (c) in thr event each and evary the stipuletions, ag~eeme~its. tonditions and cove:~ants of sa•d p:orn~sscry nota a-~d th~s mortgagr any or e~ther are not i~ly, pro+nptly and fu;iy perfo~med, d.scha~g_d, earcured, effected, canpleted, compi~ed w~fh and ab~dad Sy, then i~ e~ther w any wch event ~he sa~d ag- ~regate sum menno~ied in sa~d prom~ssory notr then remaining unpaid, with intere,t accrued, and atl moneyi secured hereby, sha~l become dve and pay ab!e fonh.vifh, or thereafte~, at tha opt~on of so+d MORTGAGEE, as fully and comptetely as if all of the sa~d s~ims of muney were or~ginally Sl~p~idted to be pa.d on such d::~, anything in sa.d prom~ssory note or in this Mortgage to 1h? contrary nothithstandu~g; and Ihcreupon M theieafter at the optdon of s~:d IdORTGAGEE, wrthout no~;ce or demand, swt at taw or in equ~ty, therefore w tAereaher begun, may be prosecuted as if all monrys sewred hereby r..:d mawted pr~ot f0 a3 inst:!unon. 7. Tha~ ~n the event that at the beginning of or at any time pend7~~g any suit upon this Mortgage, or to foreclose it, or to reform it, or to enforce p3ym.nt of any da<<r.s he~e~nder, sa~d MORTGAGEE shall apply to the Court havu:g ~urnd:a~on thereof for the appo~mment of a Receevcr, wch Court shall furthwith appo~nt a recei~e~ of said mortgayad property all ar.d singular, includ~ng a~l and su~gu~a~ the intome, profrts, iasues and revenues irom whatever s~urce derired, eath ar,d every of whch, it bei~~g expressly understood, is hereby mortgaged as if spet~i~tal~y set lorth and described in the g~ant~ng and hebendum c!avses hrrcof, end such Recriver shali ha~e ai1 the broad and effecNve funcnons and po1ve~s in anywise entrusted by a Court to a Recei~er, and s..ch dppJdn!m~~it sf:ai~ b_~ made by s~ch Cocrt as an ad:n~trrd eq~ity and a matter oi absolute ~:gM ~o said MORiGAGEE, and without reference to the ndeqvaty or inadaquar~ ot tha value of the property mortgaged or to the so.~•ency o~ insotvency of sa~d M,ORTGAGOR o~ the defendants, and Ihat wth revs, profiti, income, issues and revenues shaii be applied by such Receiver accord:ng to the lien or equity of sa~d MORTGAGEE and the prauice of such Courf. 8. To duly, prompt!y and fu:ly perform, discharge, execute, effect, cornplete, con~ply w~th and abide by each and every the stipulati~~s, agreements, condit~ons and covenants in sa~d promissory ncte and this mortgage set forth. 9. That in ~he event the ownership of the mortgaged premises, or a~~y part tnere~f, 6ecomes vested in a perwn other than !he MORTGAGOR, the Y.ORTGAGEE, its wccessurs and ass+gns, may, w~rhout no~~ce to the A10RTGAOR, deal wrth wch successor or successo~ ~n interesi w~rh refere~ue to Ihia n~o~rgage ar.d the drbt hereby secured in the same manner as with hlortgagor w~thout in any way vit:ating or d~scha~g~ng the Mortgagors' liability here- ,;,,~~r or upon the debt hereby sec~red. No sa'e of the premises hereby mortgaged ar.d no lorbearance on the par~ of the /~10RTGAGEE or its wccessors or a:s~gns and no extenvon of the time fw the payment of the debt he~eby sec~red given by ~6e IV~ORTGAGEE or its successors a assigns, ahall operate ~o re~ease, d~scharge, mod~fy ~hange or aifect the o:iginal liab~(ity of the MORTGAGOR herein, either in whole or i~ part. 10. h is speufrcatly agreed that t]me is of the essence of this cor.rratt and that no waiver of any obt~gatfon hereunder w of the obligat'wn se- c~red hereby sha!~ a~ an~ time thereaiter be he!d to be a wairer of the terms hereof w of the instrumem secured herby. 11. In ;dd:noa to t~e fo~ego~ng n~ontfily paymenn of prir.c pal and inter=st requ~red by the pran:ssory nae secured hereb~. mortgag~r covenants ar,d ayrees so pay to mortg3gee with each month(y pay~nent an addi~ionat wm est~mated by morty~gee to be equat to i,'12 of the annual cost of the foltow- ingc A-Ali rEal property taaas Ie•.~~~d or assessro agai•tist the aSove descr~bed real euate. B?r~n.•;,•ns on fre and w~+~dstor:n insu:ar~e as h~re~n requ~red to be ca•r~ed on ~ne E~npwveme~ts s[t~ate on th_ above d~scr~bed premises. G-Prc~r~~.•~ns on such mort~age g~ar3nty icsura~~ce as mo•tgagee shall from Yme tu time deem fit to cany on the loan s^cured hereby. i Morrga9ee sha~l from r~me to t~me net~fy mcr+yagcr ~n writing of the arrou~t due and payable herr~rdcr and s~ch su~~ shall thereupon be due and ~ ~ ayab!e on the d~e date of the next month'y payment and each successive month thereafter until mortgagee ahall notify morlgagor of a thange in such j +~,ount Such sums s! a:i be app~~ed 'by mortgag~ae to~vard the pa~ment of real preperty taxes, insuranca prem.ums, a~~d mortgage guaranty msurance ~ {~~em~ums. ~ IN Y~ITNE55 '?1HEREOF, the said MORTGAvOR has hereunto set his hand and seal the day and year first aforesaid. ~ S~gned, Sea and de~' ered in the pr sence of: ~ ~ ~ o n . a er son t5eap ~ - - - lSeal) • (Seaf) - Margu ite Pattersan 5'~TE OF fIORIDA ~ St. Lucie : JUfJTY OF _ - 1 Before me personally appeared .IA~ ~ Pattez mn and M~guerite PatteI5011 his wife, to me well known and known to me to be rhe individuais describPd in and who executed the foregoing instrume~t, and acknowledged before me that they executed the same for the purposes ~ therein expressed. -And the :a~d_- Marauezite Patterson , r,;fe of tha said _ J01111 l., Patterson upon a separati'~~i e ~ e=am~nat~on by me taKen separate and apart from he~ said husband, acknowledged to aod befcre me that she executed said instr~menP~ft02ty~aad.rD~~ ~ ~ ra~~iy and w;thovt any compu:von, constra:nt, appr hension, r fear of or from he uid husband. ~ YJITNESS my hand and o4ficial seal this day of •a~~~~'~J'.. ~ ~ _ ~ ~ : K ~ tary Public in and fo? the State of FI ~ ~ , T A; y Comm;ssion expires: ' ~ Rerurn 10: ' ~ • ~J ' ~ ~ A~~ Fi:st Federal Savin s S loan Associat~on ~ ~~~4 e- 9 ~iZ9Sa; TAT = •C~ ~ ~ Of Fort P:..,ce. . Fur; Pr,rce. F:crida ,~~.~y~t ~ fi~fo aNR R~coaoEo ~ ~T. LUC?t COUNTY FLA. ~ Ii0"v:~ il''•=R115 ~ John W. Collins C~EpF COURT ' ~ This Instrument Prepared By P.f 4~ t~ Y~ D~ First Federal Savin s& Loan Association of Fort Pierce ~ Florida DE,,', I 9 an ~~L ~ ~ Checked 9y ~ ~ ' : ; :t 6vV~ f~ J ~L I _ - " , ~ ~r ,6-~ ~ .,r- F - 's-c~- ~ cs ~ ~ n` ~,r~~ - r - ~n _ _ . ~