HomeMy WebLinkAbout0235 9. To plate and continuously kecp on Ihe bu~cJirgs now or herea{ter ~ituaee on said land and on al{ equ+pment and personsliy covered by thi~ mortg-
ege, with aIl premwms Ihe~eon pa~d ~n (uii, f~ro ~ns~re~ue ~n Ihe usu~l Stenoa~d po'~ty fO~m, in a fum apy~oved by Ihe MUR~iiAGEE, and wmdstwm ~
~nsurence in ~he uwal s~anJard po!~cy fo~m, in s wm approved by ihe MORIGAGEE, i~ fuch company or compao~es as the MORTGAGEE may ~
d:reu; and all (iro and w~nda~mm inswance policies on any of sa~d bu~id~ngs, any inrrrest the~ti~ or parl lhereof, in the agg~egate sum afwesaid o~
in excess Ihereof, iAal) contain ~Ae uwal sranda~d ~nortgagee claus~ w s~ch o~her c~aune as rh~ Mo~~gayee may ~rqu~ro, meking ~he loss unde~ sa~d poli-
:;es, each and every, payable to said h10RiGAGEE as ds infrr.rst ~nay appear, and each and every svch poiicy shalt be promptty ass g~~ed and deGvered to
eny he{d by sa~d MOR/GAGEE as iurther »cur~ty ro sa~d n,ortgage debt, and, not le~s tha~ ten (IO) daya In ad~ance of the eapi~at~on o1 each pohcy, to dr •
I~.er to said MORSGAGEE a renewal thereof, ~oyethar wifh a:ece~pl fo? the przmium ol such rene+val; and ~here shall be no (ire o~ windsto~m insurance
p!eced on any o1 sa[d build~ngi, any interost thereln or pa~t ~I~e~eoF, unlesa i~ the tcrm a~~d w~fh ihe loss payable as aioresa~d; and in the eve~t any sum
of money becomes payable ~nder such policy a pol~ci~~ se~d MORiGAGEE shall ha~e ~he oprion ~o receive and apply tM samx on account of the indebted- - .
^ess secureC~ hereby or to pernut sa~d MURTGAGORS 1o reCeive and use it w any ~,rrt ti~c:eof tor c:hcr p~r~ cses, w~tnovt th~n o~ w~ivi ~3 cr impau-
ing any e~q~:ity, lien or reght under or by virtue of th~s mc~!gage; and in the evem sad MORIGAGORS shall fo~ any reason fail to keep fhe said premisas so
:nsv~ed, or fail to delive~ promptly aoy of said pof~c~es of insurance to sa~d MORTG/1vtE, or fail pr~mptly to pay fully any pre~ni~m thcrefor or in a~y
respect fail to perform, d~scharge, exetute, eF(ect, comp;ete, comply with and ab:de by ih~s covene,~t, or any part hareof, said MORTG~.GEE may place and
~,ay fa such in~urance o~ any pa~t thereof vr~thout waiving o~ a4fecting a~y opt~on, I~en, equity, or right under w by virtue oF this Mo.tgage, and the
f~'I amouM oi eath and every such paymcnl shall be ~n~mecl~ately d~c and payable a-~d sh~ll bea~ interesl from the date thereof vntil pa~d it the rate ol
e per centum pe~ annum ~nd togriher n]th s~,ch iniQrai~ sh<~i~ !,P secur<-d by the I,rn of Ihis mortgage.
1. To permit, commil w suffer na wuste, impd~rm~nt or datrriaration of s~id property or any part thereof.
5. To pay all and singular the costs, charges and eapenses, indud~ng a reasona6~e attorney's fee and costs of abstracts of tit!e, incuned o? paid at
~~y ti~.,e by sa~d MCRTGAGfE, becouse or in fhe evenr of ~he ta~iure on the pan of the sa:d htORTGAGOR to du~y, promptly and fully pe~form, d~scharge.
~.~•cvte, etfep, complete, comply w~~h and ab:de hy each and eve.y the stipulat~ons, agr~em~~ns, conditions, and covenants of said promiswry note and thi~
~,rrgage any or e~~her, and sa.d costs, cha~ges and expenses, eoch and every, shail be im~ned~a~efy due and payable; whether or not there ?x not~ce de~ .
f, atle~npt to coL'ect w suit pend~ng; a~xl tF.e f~ll einouM of each and e~~e~y svch paymeM shall bear iNerest from Ihe date the~eof u~til paid at the
~~ne pe~ cenf~m per annc:n; an~ a~~ s~~d :oses, cnar~es and cxpc~~s:s ir.cwred o~ paid, together w~th such interest, shall be setured by the lien of ihit
,crtgage.
b. ihat (a) in tha event of any breach of rhis Morrgage or defauft on ttx pa~t ef the MORTGAGQR, or (b) in the event any of satd suma of money i
he•e~n referred to he not prw~~p~Iy and fully paid withi:i thuty (30i days ne.t a~re~ ~he same severa'ly become due and payable, without demand or notice,
cr ;c; in ihe event each and every ~he stipuiarions, agreernents, cor,d.tions and covenar.ts of sa:d promiswry note and th~s mortgage any or either are not
':;v, promptly and fv!ly perforn~ed, d s;hargetl, ececuted, rffeccrd, com~,ieted. ;o~»pi~ed .wth end ab~ded 5y, then in either or any such event ihe sa~d ag
:ate sum mennoned in sa~d promnsory note then re~~~a~r~~ng ~npa~d, w~th mteres! a.crued, and a~l moneys secured hereby, shall betome due and pay-
e(orthwith, or thereafter, a1 the ef•s:o~ oi s.,~~ :lORiGAGEE, as fu!!y and co~~~pictr~y as i{ alt of the said svms of money were a~ginally stipulated
bc paid on such dcy, anything in sa u~.rc~~~ssery ncte or in this ldortgagr to the conrrary nohvi~hs~and~ng; and thereupon or thereafter at the option of
s•.,1 A50RTGAGEE, w~thout rot~ce or den:and, s,:it af i~w or in equity, therefore or thrrraiter beyun, may be prosetuted es if all moneys secured hereby
; matured pnw to ~~s inst~t~tron.
7. That in tne event that at tnc beqinn;ng ~f or at any lime pend~~w an~ w~t upoo thit 1Ao~tgage, o~ to foreclose it, or to reform it, or to enforte
.~.ent of any dalms ne•eund;rr, s~~d N.ORTv4v:= st,~if ~pp~y ro thc Ceor~ ha~:,:3 ,..•~sd:c~:on ~hereof for the appoiromem of a Receiver, wch Crwrt shall
~ !,.i:h appu~nt a re:e~+rr of s.~id n:urtga~_d prc:;~~r!~ alI anci iingu[a~, icc ~d ng c: ~d sh,~utar the irxome, profits, issuts and revenues from whatevet
~ ,e denved, e~,h a~d every cf wf,.ch, ~t b.~~ny ~~x~.r~~ss:y ~~:ders~cod. ~s i F-r~; mo<<.~,ged as if specrficaily set fwth and deseribed in the g~aroing and
~~nJvrn c'avses henwf, and s~ch Rece~:er shali h;v-- a!~ ri~e broad a~,d eirec+~.+e f~r~~ .s and powers in anywise antrusted by a Court to a Receiver, and
jppo~n!ment :hail be rt,ade by s~ch Ccurt as ei: adn:~nrd eq~is; ~nd a n:attrr ef : bsol~tr right fo said MORTGAGEE, and withoul re(ererKe to the
;:~r~ or inadequacy of ~he vaiue of the prOper~'~ rr:ort~>yed or tc r:,e s~.~•.:,ry or .~,=o.,ency o( sa~d MORiGAGOR or the defendants, and that such
•s profirs, intom?, issues and revences shai! be app~~ed by such Recr~:u x:o:J~~~g w the tien or equny of said MORTGAGEE and the practice of such
: rt.
B. To du`y, prom~.r~ y ar.d fu~ly per'.o~m, d~scharge, execute, eftect, ;ornplete, co:~:riy w~th and a6ide by each and eve~y the stipulafians, agreements, '
ena and covenants ~n s,~~d prom~ssory r,o•e and th s mor~gage sc' fo:tn.
' 9. ihat in the ev~~t the cwne,s~•i~ of the mo.t3aged prem;ses, or any p3rt tnereof, bccomes vested in a person o~her than the MORTGAGOR, the
'~AG:~, i~s svccessors ar.d as~~y:u, ~nay, with~u~ rcv~ce to ti•e ,V.JRTGM~R, UCOI 'N<<~1 such successor or svccessor in interest with reference to this
•~:~yc a~~d tho d~~t hcreb~ sc:.:red ~n the same Td 1!1•]/ as vrlrh htort~agor H~rhout :n any way vitating or discharging the l~!ortgagori liabilify here-
~ or u;:on the d:~or h_r~~t,~ s_cu:ed. P:a ss e of the F:e~~.:ses h:reby n,ongaged and no (orbearance on the part of the IdORiGAGEE or its wccessors
3ns and n;; c-xrem:c~ oi ~h.~ s~~,;~ f~;: tne paYn•ent of the debt h~r•_by secured gi+en by tne 1AORTGAGEE or its successors or assigns, s~~all operate
~„se, d.acharge, mod:fy :hir~g:, c: a~fect tk,e cr,g~nai !iab.;~ty of the MOFTGAGJR herein, either in whote or in pari.
10. It is spec:f,ca.ry ag•eed thar t~~„~ is cf the essrnce of tl~~s co.draU and that no waiver oi any ob;igation hereunder or of the obligaiion se-
I -•_d ~~reby sha:i at tny tc:,e therea~rer i:.'d to be a v.a~~rr of ihe !erms herecf or of ihe ~nstrumeN secured herby.
~ l. in ~,i_I Y:;; i•.~ ~ne ior•.~~ o•,,'~ ;.:y,, .n•s of p~i pa1 ~r.d ir.c„_->f req:::~.,d by +he prom:ssory ro!e s•~cured heizby. mortgagor covenants •
~ ;n•_es ro ~~ay, ro ;^.c,~r~=ytc. v,.rh ea:h ."-vnr*, ; pa..,~,nt an ~dd •!cnai s.,m esr.~. a••-d b~r mortyjgee to be equat to l' 12 of the annual cost of the iollow-
~
~ i
~ A-All /EJ~ ~rr~_~rty t.~xez ~r~~ed.or assesscd ayai.,s• tn~ :,:;ave drs-~~::ed real estote.
~ :
~ 2. pr,_. o-~ f.• , a,.y ,,:.:,as•:~ ,.-e.~,~~ he:~~n .~~q:.r~d r; i.~ ,a•~:..! c, fhe ~mproveme~ts s;tuate on the ahove de<_cri6ed premises. r
C Prc:~z~vms on sucn n~~rg,ge guar_nty ini~.~ra: ce az mo•tyaye•~ shaii frorn ;:me to t~me deem fit to carry on the loan secured hereby. '
k ~'.'or!~,.yee s,!~cm rh+,e to r,:ne ~ce j; mert~d7C:• ~Il writinCJ of ~he ar.o,,~r d~~? a~ci payable hereundrr a~id such s~m shall thereupon be due and
~ ~ on th;: d;e ca!~~ cr r~e c~~.t :.c~'~~.; ~.ay~~~•:~v and er:ch successive rr.o•~th tnrreafrer ~nril mortgagee shall notify mortgagor of a change in such ;
~ ,,±t. S~ch sur.±s sr~l; ;,e a.;~~ ~ed by morrgag•re to:.a•d the payment of reai property taxes, insurence prem.ums, a~id mortgage guaranty insuran[e
;,ns.
~ I'J Y~IT+~ESS ::'HERLGF, th° s~~d M,ORTGAGOR has hareunto set nis har,d and s_al fhe day and year first aforesaid.
? S~gned, Sealed and de•~vered in the presence of: ~
~ }~.~D AK~ iECAKD~D ` i
~ _ ~ r~'-' ST.Lt1C~E Cv1iMTY Fl.~- ' Sesq }
-J~`~~_--- - - ' (Seal)
~ ~t~G~n ro~TR~?S M ton W. Patri k Jr.
~ GJ;t CODRt -
' - - - CIERK C::~. ~ . (Seal)
~ _ _ _ Rf~Qpp',~E~iF1E~ Cassandra L. Patrick
{Seal)
~ :rTE Of FLORIDA ~ ~ 6 " ~ ~F1,'75
~
~ .'iTY OF - __~tu~le- I _ ~
~ 3o~~s
~ Be(ore me personaf(; appeared M11tOA SAT. Ratriek Jr. a~
R+ CaSSa,AL~r~],i-. Patrick his wife, to me well known and known to me to be
_~nd~vidua~s descnbeJ in and who executed ~he furegoing instrument, and ackno.vfedged before me that they executed the same for the purposes ~
~
'_•~in exp.essed. And the said_ ~d5$s~1~,1~ Patz iek
" . of the said Ml OII_ w~ Patrick Jr . _ upon a separate arxJ privste
r:at;r,n by me taken separote and aoart from her said h~sband, acknowledgrd to and before me that she exetuted said insirument freely and volun-
= ' ~ and w ehcvt any compvts~o~: constra~nt, apprehe ~on, ot fear of or from her said husband.
Nili;:ESS m~ hand ar,d ofFida! seal thiz day of___-._ M r t1 A. D. 19_~_
~3
Notary Public in a fo State of Florida at large
My CommissiOn eapires:
Notory P~~1:c, 51 ~ta cf F1o~;~? oS Lorqe
Retum 10:
iirst Fed~ral Sa.ir,gs L Loan Assoc~a!.or. N-. ~Q;r,.;:zs;nn Ex;•:res :u:; ~977
~
Of io~t P.crc•~. Bond:d ~y Ame~iu.: i:.: L C.tv~it~ CO.
- fort Pir~te. Fip!.c:j -
:
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.ti .it. .,~C ~•riti-
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This Instrument Prspared By Robert A. Swisher, Jr. •
- F~rst Federal Savings 8~ loan Association
" of Fort Pierce, Florida
_ . v; i ; _
Checked By - , • ' / ~ -
=:x
/y• '~r
o R ~7 PAGf 234
- BOOK -
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