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Home My WebLink About0581 . 3. To plac~ and co~tinuously keap on tha bui!d~ngs now a MreaftK situat~ on said I~nd and on atl eqvipmenl ~nd personally covered by thi~ mat~ a9~, wiih ~II premium~ ~hereo~ pa~d in iutl, (i~e i~surance ~n ~he ~sual standard pot~cy fam, in ~ sum approved by the MORiGAGEE, a~d winds~am iniu~anc~ in ~M ~iual standard pol~cy fam, i~ a s~m ~pprov~d by the MORiGAGEE, ie+ i~ch company or comp+n~es +s ~M MORTGAGEE m+y d~rect; and all fir~ and winds~wm insurance poliuss on any of ia~d build~~g~, ~ny i~terest tF?e~ein or part thereol. in the s~greg+~e ~um ~taeseid a In ~xceu thereof. :hall contain ~he usual srandard ma~gaqee :laus~ or iuch o~her clause +i ~Fw Mo.ty+gee may ~equ~re, ma?iny tM ~ou unde~ ss~d polt cie~, each and every, payab~e to said A10RTGAGEE ~s ifi intereit may appear, ~nd each and eve.y tuch policy shall be p~ompt~y ats.gned and de~~~e~ed ~o any held by iaid MORTGAGEE as furrhe? securi~y to said mor~gage deb~, snd, not leu tMn ten (10) days in sdvance of the expirat~o~ of cach policy, to de- tiver to said MORTGAGEE a ~e~+ewal thereof, toge~F~ with • receipt Iw the premium of suth renewal; and there shall be no f~~e or windsto~m iniurai+ce placed on any of said build7ngs, any interest ~herein or parl thereoi, unless in ~he iorm a~d wi~h tM lou payable as +fwewid; and i~ the eve~t any sum of money becomes payable unde~ such policy p polKies wid MORTGAGEE shall have ~he opt~on to rcceive and appty tM same a+ account of the indebted- ness secured hereby w to pe~mif said MORTGAGORS to rKeive and use it a a~y part Ihereof fo~ othtr purposes, w~~hout Iha~eb~ waivin~ o~ unpa~r- ing any equity, lien w rghf unde~ w by virtue of this mortga9e; and in the event wid MORTGAGORS shall fw a~y reason iail to keep ~he said prem~~es so insured, or fail to delive~ {xomptly any of uid polKies of insurance to sald MORTGAGEE, w ta~l promptly to ~ay fully any p?em~um therefw a in sny respect fail to peatam, discharge, execute, eifect, complete, comply wi?h ar~ abide by this cove~ant, a sny part he~eof, said MGRTGAGEE may plsce and pay tor suth insurante o? any pa~t thereof without waiving o~ affecting any option, lien, equity, or righf unde~ w by virtw oi this Mor(gage. u+d the full artwunt of each and every sucfi payment shall be immediately dve and payable and shall bear interes~ from ~he date thereof u~til paid at the rate ot nine per centum per annum and to~ether with. such interest shall be secured by the lien of this mortgsge. a 1. To pamit, commit or suffer no waste, impairment w deterioration of said property o~ any part thereof. S. To pay all and singular the costs, charges and expenses, including a reaso~able attorney's fce snd costs of abstracts of title, incurred w psid at any time by said MORiGAGEE, because o~ in the event of the ~ailure on the part of the said MORTGAGOR to duty, promptly and fully pertorm, d~scharge. execute, effect, complete, comply with and ab:de by each and eve?y the stipulations, agreements, co~ditions, and covenants of said promiswry note and thi~ mortgage anr w eith~v. and aaid costs. charges and expenses. each and every. shall be immediately due and psyable: whethe~ or not there be ~otice dr ' mand, attempt to collect or wit pending; and the full artaunt of eath and every such paymeM shall bear interest from the date thereof uMil paid a1 the 1 rate of nine per centum per annum; and all said costs, charges and expenses incurred or. paid, together with such interest, shall be secu~ed by the lien oi thit mortgsge. • 6. That (s) 1n the event qf any breach of this Mortgage or default on the part of the MORiGAGOR, or (b) in the event any of said sums of money herein referred fo be not promplly and tully paid within thirty (30) days next afte? the same severally become due and payabte, without demand or notice, l or (c) in the ~vent each and every the stipulatior?s, a9reements, condifions and coveRants of sa:d promiuo~y note and th~s mortgage any w either are nm s ~uly, prompHy and fully performed, d~scharged, executed, eiiected, complcted, complied with and abided ~iy, the~ in either w any such eveM the said ag ~ grcynte sum mentioned in said promisswy note then remaining unpaid, with interest accrued, and atl moneys secured hereby, shall become due and pay- able forthwith, w thcreafter, at the optic~n of said MORTGAGEE, as fully and completely as if aIl of the said sums of money were or~ginally s~~putated ~ to be pa~d on such day, anything in sa:d prom~ssory note or in ~his Mwtgage to the conhary notwithsta~ding; and ~Froreupw~ or the~eafter at the option of ~ sa~d MORTGAGEE, without notice or demand, svit at taw w in equity, therefwe or thereafter begun, may be prosecuted as if all moneys secured hereby had matured prior to its institution. ' _ 7. That in the event that at the beginning of o? at any time pending any suit ~po~ this Mwtgage, w to foreclose it, w to'refwm it, or fo enforce ~ paymenl of ahy tlaims F~ereu~der, said MORTGAGEE shall apply to the Covrt having jurisdiction thereof for the appointment of a Receive~, wch Court shall ~ Forthwith sppoiM a reteiver of said mortgaged p:operty all and singula?, includ~ng aIl and singular the income, profits, isaues and revenues f~om whateve~ source derived, each end every of which, it being expressly understood, is hereby mortgaged as if specitically set forth and dexribed in the g~anting and habendum clauses F~ereof, and such Qeceiver shall have all the broad.and efiective funtt+ons and powers in anywise entrusted by a Court to a Receiver, and s~ch appointment shall be made by such Court as an admitted equify and a matrer • of absolu~e right to said MORTGAGEE, and without refererxe to the adequacy o? inadequacy of the value of Ihe property mwtgaged w to the sowency w insolvency o( said MORTGAGOR p ihe defendants, and that such renis, profits, income, iuues and revenues shall be applied by such Receiver a~cording to the lien or equity of said MORTGAGEE and fhe prxtice of such Court. ~ 8. To duly, p~omptly and fully perfwm, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreemenis, condiYans and covenanrs ~n sald promissory note and th~s mortgage set forth. 9. That in the event the ow~ership of the mortgaged p.emises, o? any part thereof, becomes vested in a person other than fhe MORTGAGOR, the MORTGAGEE, its succeuws and as:~gns, may, w~+hout notice to the A10RTGAOR, deal with such successo~ w succe:sw in interest with reterence to this n:o~tgage and the deb~ hereby secured in the same manner as with Mortgagor without in any way vitiatirg or discharging the Nbrtgagors' liability herr under w upon the debt hereby secu~ed. No sale of the premises hereby mortgaged and rw fwbearance on the part of the MORTGAGEE w its successon or ass~gns and no extension of the time for the payment of the debt hereby secured give~ by the MORTGAGEE or its successors w ass~gns, stiall operate ro release, discharge, modify change w atfect the original liability of the N10RiGAGOR herein, either in whole or in part. 10. It is spec:fically agreed that time is of the essence of this contract and that no waiver of any obligat~on hereunder or of the obligat'an se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby_ ~ 11. In add~tio~ to the fwego'ng monthly payments of princ'pal and interest required by the prom~ssory nore secured hereby, mortgagor covenants and agrees to pay to mortgagee vvith each monthly payrnent an addirio~al sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: A-All real properry taxes levied or assessed against the abave described «al estate. : B-Prem~ums on fire and windstorm insurar.ce as herein requ~red to be tarried on the improveme~ts situate on the above described premises. ~ C-Premiums on such mortgage guaranty insurar~~e as mortgagee shall frcm t~me to time deem fit to ca:ry on the ban secvred hereby. J Mo?tgagee shall from time to time notify mo~tgagor in writing of the amount due and payable hereunde? and such sum shall thereupon be due and ~ j Fayable on the due date of the next morohly payment and each successive month thereaft~r ur,til mortgagee shall notify mortgagor of a change in svch ~ i a~-~ount. $uch sums shaH be applied by mortgagee toward the payment of real property taze3, insurance prem.ums, a~xl mortgage guaranty inwrance f ~ premiums. - . - - f IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforewid. , ~ Signed, Sealed and delivered in the presence of: ~ - _ ~ _ (~°aQ ~ ' ~ Mi ton W. Patrick SY. ap ' • seaq ~i i ~ Y'~CQ P• PatI1Ck t$~ap S7ATE OF FLORIDA ~ ~ St . Luc ie u- COUNTY OF Befue me perso~a~ly appeared 1?1i1tAri t~ Patrick~ SZ _ snd Janice P. Patzi~k 1~is wife, to me well known and known to me to be the individuals described in and who executed the foregoing instr~ment, and atkrawledged before me that they executed the same for the purposes rherein exp~essed. And the said Janice P~ Patrick ,~ife of the said MiYton W~ Patriek, SZ~ upon a separate and privat~ ~ examination by roe taken separate and apart from her said h~sbar.d, acknowledged to and before me that she exetuted said instrument frr~ely and roi'vo- tarily and without ariy compulsiwf, constraint, app~ehension, or fear of w from her said husband. ~ - WITNE55 my hand and official seal this ds~ot May A~ p• iqq ~3'' ~ Notary Public in and for t State ja~ ;t'l~rye ' i ~ ' ~ My Commission expires: ~ - ~ : • - " ` • ~ Retum To: - ~~~RY PUB_lG;,bT74Tf~~ FLORIDA etLAR~ : : ~ First Federal Savings S Loan Association R"Y CO":.~I~SJa+~' EX~RES -DEC.~-29. = ± Of Fort P~erte. Boneed tnru Gcir~ial•~nsr~nee ~enrdt~C ; ; ' i ~ - Fort Pierce, florida - ' L^'• ' ,~~••~•'t . • ' ! y FlL~D tyD ~ECeR~FO ~ . . : ST. LUCIC COL+h ~ Y fU. C~~ ' This Instrument Pre ared B F'~ s~~'?~4S First Federal Savin s 8~ L an AssociaTionn W. Collins CLEPr. ::;:~,~,iT CGt;RT s 9 RECrF.' 'rEF~=i_~ . of Fors Pierce ~ Flozida ~ Irl. ~97.3 Checked By ~ M~Y IU ~ 3~9 ~~~5'79 . ~oo~ 214 fA~~ ~82 . ;s , ; _ _ - ~ ~ ~ - _ " ~o-. J~ -~,~,u:=~. ~ ~ ~ ~r~ ~ ' '..y~z~~"~~'~~~~~ ' r ' ~s__u. ~