HomeMy WebLinkAbout2526 To piace and cdr~ri~~uousiy krcp on ~:.e bvi'd~rgs now or h:reafre~ ilewre o~ ia~d lind and on al; .;qvipm.nt and personsi~y to~rred by Ih~s matg-
~ge, w~th sll p~em~wus th_~t:x~ µs~d in f~Il, f~re inwr~•:ce ~n ~hr ~s:,~~ sia~ulard poi~ty lorm, in a i~m oppr~.~d by ~nr MvRtGAG=E, a~~d w.~ds~am
~nw~an;• in the uswl ~:er.dard pa:.cy lonr: in a tum d~~lOY2d by ~he Ak?+tTGAGEE, m su~h canFa~+y o~ ca:npai~.cs +s ~he MURT;aAGfE may
duect; and alt fue a~~d w;nJs~orm ~ns~:ancr polrc~rs co any of sa~d b~,~~d~~gs, any in'eras~ there~n or pa~t th~reof, in the ag9~ega~r wm ~iwes~~d a
in exccss ~hr~cwf, aAiil to~~~in ~he usuai s~a~tdard mor~g~gee ra~sa w auch o~Aer cu~se ai ~he Mc~fga3ee may rryu~re, mel~ng ~tw~ ~oss u~.Jrr s~~J po7a
c~cs, ench a~d everV. peyac'c eo sa~d AtuRiGAGEf ..s ~rs ~:~t~•r..-~t ~nay ay,pea~, a~x! esth and evcry svch ~oucy st,a!i be prompuy ais g~~ed a~~d dr'.~v~r~d }o
eny held by ae~d f4tOP1GAC•EE as fwrhr~ secu~~~y ro sa~d n~o:~yeqe drUt, and, no~ less ~han ten (~JI day~ in aJ.~ncr ot et,N exp~~.!~x~ of eacA potiey, ~o ~a
fver eo u~d MOP.TGAGEE a re~~rwa1 thereof, euyc:S.c~ .v:rk ~ r^_-~~~ in. Ihe p~emwm o/ such rrnrw~i; and ~hrre sh3lt ba no f.+r or w~~~dt~o~m i:~wr~ncr
P~sted on iny ot s~~d b~~id~ngs, any imerest shere~n or pa~~ ~h~rruf, untess in ~he (orm and w~~h ~he :oss pay~bte as alo~esaid; and in ~he evc~t a~tiy sum
of money becort:es payabte ~ndrr s~ch potccy a poLc~es sa~J MORtGAGEE ah.ell ha~e ~he op~~on ~o rrcefve a„d app:y ihe s~~=~e o~ nrco~rt ot rt~e ~~~Jac~rrd-
ness secured herrby w ~o perm:e sa:d MORiGAGORS ro seer~ve and usr i~ a any p.,rt ti~.::ra ior oa~,..~ p~r; c,rs. ..a~,~_~,e ifi. ,v..,., or .,~p. ~r-
~~g aay equ~ty, Gcn w r:ght u~+dar w by virtue of th~s mo;tgage; and in ti~e evrn~ sa.d MOdTGAGOP,S sha!I for any rc~son fa~t to k~-ep •he sa~J prem~s_•s so
~nsured. qr la~i to dr:~ver pra» pdy any of sa~d pol,cles o( u~surance ro sa~d MORTGAGEE. or fa,! p«m~tly to pay fv~ty e»y y~e::n„~n rnr+eio~ or in any
respect fail to rcr(wm, d~:charge, execute. elfect, canp!etr, coa~ply wi~h and ab+de by ~h~s covr~an~, w any p+rf h~•reoi, sa~d MvRIC,AGEE may p~ace a~~d
pay iw suth insurance o~ any part th;:reo( without weiving or efSectiny any ~p+~ 1~, iicn, aqu~t;, or r~3nr urder a by wrtue of rhis titorryagr, ard tht
.'uN ~ro~.it cf each and e~e~~ suth paymcn? shell be ~~n,nrd~stely d~,e and psyable and shall brar intrres~ from tha date thcrcof un~~l p,,~d at the ra~e ot
nu~e per cenrum per a~~nwr. and to~o~ner v~ith such intareat shai~ t~e s~wed by ihe iitn uf th~a mo•tgage.
1. To {xrmit, commit o~ wlfer no wo;re, impairn.ent w de~rr~oret;on of ca~d prope~ty or any part thrrraf.
5. To pay atl and s;ngular the coats, charges and eaprnses, ~nciuding a reasonabte atto~nry's fee and cosrs aF abstr~cts eF t~tle, +ncuned o: paid at
eny time by. said MOR~GRG:E, bcca~se d:n the evrnt of tne fa~IUre on the part of Ihe said MORiGAGpR to d~iy, pranptly e~d f~~ly p~rfprm, d~scha~ge
execute, eff~ct, compir~e, canply w~~h and ab de by rach and every ~M; stipuiano~is, agrern.e~ts, cQ~rJ~tlon~, and cove~~anta of sa~d pro~nissory note ar.d Ih~s
.~~ortg~ge ~ny or r~rh~v, ar.d sa~d costs, cha~ges and expenses, each ~nd every, shall lx immed;are~y due and payab!e; whethe~ w ~ot tha~e oe not~ce d~
n:and, anempt to cotlKt w auit pend;ng; arKJ the fvl~ amouM ~i each and every s~r-h paynwro shatl bear inr~reit from ~he date thereof u~~:l paid at ~he
..:re of ~~nr ~¢r crntum per ar,n~:n; a„~+ aiI so~J wsrs, charges and rx~~~.srs i~xurrcd w pa~d, togeti~rr w~th such ~nrerent, aha+l be se_u~ed by M lirn o1 th+s
mortgage.
6. That (s) in the event of any b~nach of this Mortgage c: default on ttr pa.f of the MORiGAGpR, w~b) in tho event any oi sa:d sums of mo~ey
hrrein referred fo be not pro~:p~ly and fully pa~d wirhin th~rty (30) deys next atra~ the sa,ne severatiy beconx d~e and payable, witFwut demand or notice,
ar (c? ;n the evrnr each and esa~y fhe supu:at;ons, agr~ements, cond~5ons ared cover.anrs ot sa~d prom~sso~y note and th~s mo~egage any ar ei~her are no1
iuly, pranpdy and tuuy pe~fo:med, dscharqed, eaecured, effec~ed. tompleted, campl;ed w~ih and ab~d~d 5y, then in e•ther o~ any such event the sa:d ag
~•eqate sum mem;oned in sai3 promissory nure thrn rrrr.aining unpa d, with ir.te?esi accr~ed, and a~l moneys sewred ~ereby, shatl beco,ne dve and pay-
aute fprthwith, w thereafter, at the opt~on of sa~d M021GAGEE, as fully and comp;ete~y as i( alt of tl,e s~~d sums oi money vvere or~ginally st~p~;a~e-d
to be pa~d on such day, anything in sa.d P.o~,~~uory note or in this Mortgage to the conrrrry not v~ihs~and~.g; a~d thrreupon or the~eafre~ at rhe op~.on of
sa~d MORTGAGEE, wittwut not~ce o? demand, suif at law w in eqwty, therefore w thereaher l~eyun, may Ge Frosrc~ted as if all moneys setured hereby
n_d matured pr,o~ ~o ~ts insrituuon. '
7. That in the event that at the beginn~ng of or at any t:me pend~rg any suit upon this Mo-tgage, w to fo~ectose i~, or 1o reform ir, or fo tnlwce
Fayrrxnt of a~y c1a~+ns he~e~nde?, sa~d A10RTGAGEE sha:l opply to the Court hav~.~g j~ria.et.on thereof for ~he appomtment of a Rece~ver, such Court shail
fc~rthwith appoint a rc-ceiver of said mwtgaged property alt and singuta~, ind~d:r~g all a~,d a~nyu~ar the inceme, profes, ia,ues and reven~es from whata~er
scu•ce drnved, each and every o! whKh, ~t pe~ny exp~ess!y undersrood, is he~eby morr3ag~d as :f speuf;ca;ly xt iwth and dexr~bed in the granting a~d
h;uendvm clauses hereof, ond svch itece~ver shall have a11 the broad and eifecr:ve funct.ons and powers in anyw~se entrusted by a Cou.t to a Receiv~r, ar.d
s_ch appointment shal~ ~ m.ade by wch Co~~l as an ad:nit:ed rqu~ty and a mat3er of absolure right to said htORTGAGCE, and w•~rhool reference to ~he
adequaty w inadequacy of the value of thr prope~ty mwrgaged or to the save.xy or inso~vency ot said MORiGAGOR or tAe defzndants, and that s~.ch
re•,rs, prof~ts, income, issves and revenues shall Ee appiied by such Reca~ver acco:d~ng to the lien or equity oi sa~d fdOR:GAGEE aiid the pract~ce o( such
Co~rt.
8. io dv:y, prompt!y and ful~y pertorm, d~scharge, execute, effect, compiete, con,p!y w~th a~d abide by each and evesy :he stipulatio~s, agree:nents,
o~ndit;ons and covenants ,n sad prom~sswy no:e ar.d th:s morrgage aet lorth.
9. That in the event the ownersh~p of tF.e mortgaged premisas, or any part thereof, 6ecomes vested in a per~n other than 1he MORiGAGOR, the
Y.~R7GAGEE, its succeszars and ass~gns, may, w~rhoet ~wr~ce ro the A10RTGQOR, deal w,rh :uch successor or wccessor in interest w+~h refereace ro th;s
~~o~~gage and rh._~ dabf hereby secured in tne same manner as whh 6torsgagw w~thout in a~y way vi~:ating or d~scharging ti.r fAwtgagors' tiability here- "
~nder w upon the debt h¢reby secorrd. No sa!e of the premises hereby mortgaged a~d no iorbearance on rhe part oF rhe IAORJGAGEE o~ irs svccesso?s
or ass~ges and no e~tension ot the nme fw ~he paymem ot the debt hereby sec~~ed giren by tbe MORTGAGEE or its successors or assgns, a~iail ore~ate
to reieau, d~stharge, mod~fy change or affect the orig~nal tiab..~iy of the N.ORiGAGOR herein, either in whole or in part.
10. It is speuf~cai{y agreed that timz is of fhe essence of this co~tract and that no waiver of any obiigat~on Aereunder w of the ohiigat:on se-
cvred he~eby shaf! at any time thereafter be he:d to be a waiver of the ~erms hereof or of the instrument secured herby.
11. In aud:tro~ to the (wego ng ~nonth!y ~ay~~:>nts of p:inc pal ar.d ~nrerrst requhed by the prom;sscry nore secured heraby, mortgagor covenanss
a~.d agrees to Fay to mortgagee v.ith each /ronthiy ;;a~:.:ent an add.:onal sum est~n:a~ed by mort~agee to be eq~al to L 12 of the an~~al tost of the foliow-
A-all rea! F~opr~~~ sa~as levie~ ~r assest;.•d d33F4t thc atove desc.i5cd rea~ estate.
B-Prert:iu•ns on fi.e ar,~ windsio•m ~nsuracce as nere~n requ:red to be ca+r~ed on the ::*~proveme :ts s:tvate on tne a~ve described premises.
C-Premiv:rs oh zuch m.o~tg;ge g~aranry insvra~ ce as mor!gaeee sha?1 fro^~ [r,:e to t;me dfem ft to carry on the loan secured hereby.
Mortgagee sSa?I from s~>-:e to tiTe norify ~~ortg,~or ;n writ~ng of tF.e a~>:ount d~~ and payable her-under and such su:n sha;l tnerz-upon be due and
• :~yabie on the d~e date of tFe re,ct mo~th:y payment and each successive monsh thereaft~r ~r.ti{ morfgagee shall notify :nortgagor of a change in such
:~o~nt. Such s~:ns s~a[t be ap~ 5ed by mortgag.e to va•d the payment of reat preperty taxes, insu ance prem:vms, and mortgage guaranty insurance
:re~niums.
IN Y~ITDiESS ':JHEREOf, rhe said T1tORTGAGOe2 has hereu~to set h~s hand and seai rhe day a~d ear fir t aforesa~d.
, Signed, Sealed and deliv in the presence ~ ,
i
i .r~--"------ /Sea4
~ f --,f----' ~ ~bert W, PBdriCk _~~a~~
~ " - t5ea~)
I ~ ~
' !Seal)
i
nnette F . Padrick
S~:.iE OF fIORIDA r~ ~
` ~:~UNTY OF $t. ~.UC1@ ' SS.
l -
~ Bcfore me perwnally appeared RO~rt ~A1. Padrick _ a~
ane e , a ric - -
E ~ - his wiie, to me wall known arxf icnown to me fo be
, tn~a individualz described in and who executed tFm fwegoi irtst~urrKnt, and acknow:edged before me that tF.ey executed the same fw the purpo~es
~ rhe~ein exp~essed. And rh- sa;d A~nette F. ~adr iek y,~ `
I .~:7,
r.~fa of the sa~d ROb@IL {A~. Padziek upon a sepr~e and ~ ~-4 '..•z'
!
f e•~minat~on by me taken sepa.ate and apart from h aid husband, acknowiedged to and before me that she execused said in.t~urrtdni.~pt9'eryd•~ .
, and w~rhovr any corr:~utzion, cor.srraint, a~: ehe :~j„~'o~ fea~ of or l:arn her said husband. •`N "i~ Y
' ' Ma rch ~ ~
WITNESS my hand and officia! seal fhis_ day of _ ~ ~ ~
~~~r ~ µ =
Notary PubGc in and [o~ the State ~f Eiolisi et arg~ ~ n~
R~~'ED j~3 Q Q~ My Comm~ssion expires: ` v ~
~ 7 ~
Ret~m To: M1: G!1 ~ ~~I ~ - :
~AS$ • - - 1V PA C
First Federal Sav~ngs b loan Asm+at~~~r TO C' Hy;,;~.~~p~E ~E~rMEAft OF rMi~h9TARY P1;9t1,^„ 5iA?E ol FLORIDA at lA~~STQTt $~C `.~1`~
or Fo„ v~,-cz. G1MTEg ~j_~ ''~'+~tt t.lY ~;,~:~~,5;~~.'~ EXP~FES IAN. 7. 1971 i~
fcrt Pwrce, f:cri;S3 ~OQER pp~~~ ~~S ~ 19~~~ :7y n:T.ti:i,an ~fS.lkf?S ~1ISQf~fl~! C0.
~ GRCUiT c~oukr. Sr.~uc~E ~jlr ~
~ ~
FItEr~ ea_ :.~G,;~OEO
This Instrument Prepared By J. H. ROberts ~ JZ. Sr• L~~j~ ~~;ikTY fLA_
RG,. , `
First Federai Savings & Loan Association ~~4$
CCE~~. ,
of Fort Pierce FlOtldd '=^r~ ; - ~ ~~URT
Checked 8y ~ ' ` -"F^
M~ f0 sa AH'13
~r,~t 25~4
24955'7 Sb
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