HomeMy WebLinkAbout0195 3. To pface and conri~iuo~sly keep on the Lui d~~•9s uoN or herea{rer s~tuate on sa~d land and on a!7 c~:,]p,nent ar.d persona!ly cove.ed by ~h~t mortg-
egs, w~rh al! prem;ur»s ~hrrron ~.a d~n futl, t~~e i~~s~~ence ~n ~t~e ua~•~I ii~~ni~~d pol~cy form, in a aum aFp~o~cd b~ the MOR+GAGEE, a~~d w~nds~orm
~nsurance in ~he usual ~tanda.d pu:.cy fonn, in a sum ~~:praved by the MORTGAGEE, in auch tompany o~ tonywn~e~ as ~he ~dOR1GAGFE may
di~ect; and aU (ire and w:nd~~urm insu•anca po:~ue~ on any oi sn~d b~,~~d~r~gi, any i~terest therein or pe~t thereol, in the aggreqa~a sum ~loresaid or
in eacess ~hereoi, shall :antam the usua! s1m.Jard ~no~~9agae da~se or suth othe~ clause as ~he Mor~gayae may requ.ie, making ?hr lo~a ~nJe~ sa~d poii-
c~es, each and eve~y, payab!e ro ia+J h1JRTGAGfE as ~ntc~rst may appear, and each and every svch po!~ty sha1~ br promptiy assg~ed a~.d det~v.r..-d to
eny held by se~d h10R1GAGEE as funher secu~~ty to se~d mor~gjge dobt. and, not tcss ~hnn ten (10) days in advance of tha rxFnrat~on o4 each poGcy, to da
hver to said MORTGAGEE a renewal therzof, toge~her with a rece~p~ Fw Ihe prrmium o( wch ren~M.al; a~~d ~here sfia? 6e no Kre or wuedstorm insurance
placed on any oi said bu~td+nys, a~y in:ereef theiem a pa~t therrol, untrss in ~he (orm and wiih ~he loss payaLlC uti aforesaid; and i~~ the evem any wm
of money bec~mes payahie under s~ch porcy cr poLuas ~a1J h10RTGAGEE shall have ~he ophon ro reca~ve .,~~d apN;y the sanie on account of ~he indrbt~d-
nesi sec~rzd hereby or to permA sa~d MORTGAGORS to fecv~re and use it or an~ part the:eof tor o:i~•,r Fuii,ont•s, v.,ti,~,:t th••~~:, .v.~.+,3 0~ u::p..r-
;r.g any ~qu~ty, I~en or r~ght under w by virtue of this mocrgage; and in the evtnt sa;d MORTGAGQRS sha11 fo+ any ~eason fail to keep ~he sa~d premises so
iniured, or fail to delive~ prp~nptly any of sa~d pohcies OI insurance 1o said MOR~GAGEE, or fad p:nmptly to pay fully a~y p~e~~uum lheielor or in any
respect fail ?o perlorm, d;~cha~9e, execwr, effeU, canptete, co:nply wi~h ar.d ab+dtr by Ih~~ covenant, or any par? her~oi, sa~d MGRTGAGEE may piaa~ a:~o
pay fw such inwrnnce or any pan thereof w~tho~t waiving o~ alfecting any op~ion, lien, equ~ty, o? righl ~nder or b~ vi~we oi th[s Mo~tgage, and ehe .
f~ll amount of each and every such pay~~~ant shalt be ~mrnediately due and payable and shafi bear interusl from the data ~hereof w~1i1 p~id at thc rete ol
n~ne per cenWm per annvn, o~~d to.~rth~~r w~th sucl~ interc~t shaii l,r sewred by the lien of this mortgage.
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To permit, commit or suifer no vvaste, impairment or detrt~otat~on OF said property or any part thereof.
S. To pay aIl and s~ngulm the coais, charges and expe~~ses, indud~~.g a reasor~able atto~ney's fee and cos~s of abseract~ of t~Ne, incurred or paid at
any time by said MORiGAG:E, because or in ~he event of ~he fa:lwe on the pan of the said MORTGAGOR to du~y, p~omprly a~d fully pe~(orm, d~scharge.
>xecute, efiect, comp!ete, canply w~th and ab:de by each and every the stipulat~ons, agreements, canditions, and covenan~s of sa~d F~anissory note end ~h~s
n,ortgage any or t~ther, and sa~d costs, cha~ges and expenses, each and every, shall be immediately dve and payable; whether or not ~here be nor~ce d>
mand, attempt to coitect w suir pend~ng; and ~he tull a~noum of each and every such paymem shali bear interest from ~he date thereof until paid at the
~.~+e of ~~ine per crntum per onn,,:n; ~r.~ al~ s.,id cu:ts, ci~argec a~:d e~pr~~ses incurred or paid, tngether w~th such iMerest, shalt be secured by the lien of th;~
mo~tgage. ~
b. Tha? (a) in fhe event of any breach oi th~s Margage or dcfautt on the part of 1he MORiGAGOR, or ;b) i~ the event eny of sa?d sums of money
herein refe~red to be not prompt~y and tully paid whhin ~h~~~y (30) days nexf af~er the sanu savera::y become due and payabte, without de.nand o~ notice,
or (cy in thr event each and every fhe stipu:ar~ons, agreements, condir;o~~s and tovenants ot sa d prom~SSOry note aod th:s mortgage any or either are not
~uly, p~omptly and iuNy perforrned, d:scharg_d, eatcuted, effected, completed, complied w~th and ab~ded Sy, then in enhet or any such event the sa~d ag
g~egate sum mentionzd in sa~d p~anissory ncte then rema~ning unpa~d, with interest acaued, and a!1 moneys secwed herehy, ahall become due and pay~
eDle forthw~eh, o~ thereafter, at the op!~on ot sa~d h10RTGAGEE, as ful!y and completely js if all of ~he said sums of money were o+.ginally ahp~iated
!o be pa~d on such dey, an~thing in sa:d prom~s:ory note o~ in ~his hlortgage ~o the tontra~y notar;thstandu~g; and there~pon or thereafter at the opt,on ot
s+;d MORTGAGEE, w~thout not~ce or demand, s~it at !aw a in eqwty, there~ore w thereafter be9~n, may be prosecuted as if all moneys secured hereby
n~d matored pnor ~o As ~nst~tut~on.
7. That in the evem th,~t at the beginning of a at any rime pe~d~ng any suit upon thls Morrgage, or to faec(ose it, or to reform it, or to enforce
~.~yment o/ any clei~ns hereund_•r, said 1.10RTGAG~E ~ha!2 apply ro the Court bav;~ig ~ursd.ct~on thercof for the appo~ntmem of a Reteiver, wch Co~rt shait
f~r.hwith appoiM a receiver of sa~d mortyaged p~operty all and s~ngu•ar, indud:ng afl ar~d s~ng~lar tl~e ince:r:e, profits, issues and reve~ues f~om whatever
s: urce der;~ed, each and every ~f wh:ch, ~f be~ng eapress!y unders~ood, is herrby morrgaged as ~f spec~fical.y set fo~th and destnbed in the g~aming and '
h3hendum clnuaes hereof, and wch Recri.er sholl have al! the br~ad and eifectivr f~nct.ons and powen in anyw~se entruated by a Court to a Receiver, a~~d
s_ch appointment sha11 be made by such Court as an ad~~i~ted equ~ty and a n+ancr of absol~te right to wid MORiGAGfE, and withouy reference ro the
adequacy or inadeq~acy of the value ot rhe pro,ceny mongaged or to ~h~ so,vrncy or msolvency of said MORIGAGOR w the defendaRts, and that such
.ents, profits, income, issves and revenues shali be appi~ed 6y such Recr~ver accord~ng to the lien or equity of said MORTGAGEE and ~he practice of such
Co~rt.
8. To duly, prompt(y and /~tty perform, d~zcharqe, execute, effecr, ccmptete, comply with and abida ay each and every the stipulations, agree~nents,
conditions and covenants +n sa~d promiszory r.o!e and thi= mcrtgage set forth.
9. That in the event the ownersF.~p of the rnortgrged premises, or any part tnereof, 6ecomes vested in a person other than the MORTGAGOR, the
h1pRTGAGEE, i+s successors and asvgns, may, withou~ not~cr to U~e ARQRTGAOR, dea! w~rh such successo• w successo~ in ~nterest with refereoce to Ih~s
~ orrgage and the debt hereby eecwed in the same manncr as w~th 11;ortgagor wrtho~t in any way vifiating w d,scF~a~g~na the Mortgagors' iiability herr
~nder w opon the debt hereby secured ~~EO sale of t6e ~ rzmises h~reby mortgagad and no forbearan~e on the parl of tiw /AORTGAGEf or its sutcessors
or ass~gns and no extens~on of ~he nme for the payment af the dehr hereby sewred qive~ by the MORiGAGcE or its successws or ass~gns, ahall operate
ro re~ease, dacharge, mod~fy change or affect the orig~nal [iao:i:t~ of the N~ORiGAGOR herein, either in whoie or in part.
10. It is speuf~caliy agreed rhat time is of the esse~:e of this cororact and that no waiver of any obGg;t~on hereunder or of the obiigat+on sr
cvred here6y sna't at an~ tim.e rn~real+er be held to be a wairer of the terms hercrof or of the instrument secured herby.
f 1. ln add.t;e~ ~o rhe foregel~g ~•.onthfy paym^nt5 of pri-~c pal and ir.teresr req~ired by the promssary no~e sccured hereb~, mortgagor covenants
d agrees to pay to n.o•tg~gee M.,th each ~r~~erh'y pa~~.;ent an add~~ional sum estn•~ated b~ mortgagee to be eq~al to 1: 12 of the annual cost of tFw fof(ow-
A-Ail real propert~ taxez te•n_d or dSSMS~:i ay ~~•es! ihr above desc~~.4,ed real es?ate.
B-Pr~it:~ums on f~re ana .~~r.dstorn ~cs~.~arce a; n.:rcin requ,r~d to b~. car~~.:d on the im,;rovemeits s~tuate on the above dosu:bed premises.
C-Premi~ms o^ wch mwt~;ae guara~ty ir.sura~.ce as mortgagee shall fro•r. Yme ro ume deem fit to carry on the loan secured hereby. ~
, Mortgagee shail iror:, t~~~,e to '~~re r.onf; mcrry:,3or ~n wr~t:ng of she an:ocnt dve and payable hereunclrr and such su~t shall thereupon be due and
3ble on fh~ d~e date of ~he r:_at niontn:~ paymer.i ar.d each wccessive rr.ocdh ~he:eaft~r uctil mortgagee shall notify m.ortgagor af a change in wch
~~nt. Such sums sha i 6e app'~~~d by mongag•~e tovvard the payment of reai prope:ty taxes, insurance prem:ums, and mongage guaranty insurance
•e~~iums.
i ' IN Yl1TNE55 :':H[R[OF, the said M7RiGAGQR has hereu~to set his ha,.~ and sea! the day ar.d year first af~esaid.
~ Signed, Sealed and de~iver in the presence of: ~w '~Q
~ - ~ ~~C~-~ _ - ~i~~:~if (Sealj
~ r.
` ~ ~ l ~razio Patane _
(Seap
~ ~ b f ~s~-uy {Seal)
s _ _ Frances T. Patane t~ai)
~ 5'AiE OF FIORIDA ' .
~.~UNTY OF St. Lucie ;
i
! Orazio Patane
F Before me personatly appeared and
a Frances T.Patane "
4 - his wife, to me well known and k~own to me to be
~ the individuais destr~bed in and who executed the foregoing instrument, end acknow(edged before me thaf they executed the same for the purposes
~ rh~rein expressed. A~d the sa~d____ F~'anC@5 T• Patane
< r:'fe of the said _QraZ10 Patane upon a separafe and private
~ e~arn~nat~on by me taken separate and apart irom her said husband, aCknowiedged to and before me that shc executed said insttWne(LL~Sttely and voluo-
z raniy and w~thovt any com~ufsion, constraint, apprehens:on, or fear of or from her said hushand.
~ WITNE55 my hand and offic~al seal this__ Sth _ day t•i~' J`~'• 19_2~
, ` G . _.L ~~r,~..
otary Pvb!ic in and or the 1~t~Qf`~ id~qEaf•largt '
' ~ My Commission expires: ti !s ;
~ Retum To: ' ~ Q-
ac: S~E R, ipi! ~~G 5
First Federal Savings d. loan .4ssociaf;on j~~TAR~~ - ? ~
c IAY CQ5'~5~,:7'rfXrt ~ _ {
Of Fort F.c: e. rt ~~:t«~ ! r.jz~lt~'_i~ e. ~
Bonaed~ .!y ~ ~
~Ort P~a~ce. Fi~3rida ~ i : ~ q = ` ?
j . ~ i.:~: • c•
~ ~
~ F}~EO a~e ~ec~aaE~ ,,,~.~d~,;Y~t ~
- This Instrument Prepared By JOhn W. Col lit~s s'~~~iE;i
F~jtaA~~~ (
First Federal Savings & loan Association ~«RK Ci:iGU17 COUfIT ~
a of Fort Pierce ~ Florida qfCQRDVEZ'~~~0 S
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Checked By L~-~___ ~ 6 9 34 ~n ~ t~ ~SBZ$~
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oU~K216 ~ac~ 19~
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