HomeMy WebLinkAbout0359 .
To N,ace and cu•~rlnuo~.,s1y kecp a~ fhr 1.~~ J~: ~s r~~r cr her~:,}~er ~nueer an uid tanc~ a~,d or. a'~ eq.,iH~~ent a~d pertonelly co.ered by thie mortq~
•ge, w;~h all wem~ums thcrcon pa:J ~n i~ll. iue i~~:~~~ .ce ~n ~~c ~~suat sta~~la~d po~~cy lorm, in a sum appio.ed by ~he MOR~GAGEE. +~~d wind~~o~m
i~iur~nce in d~e ~sual s~andard pe!,cy lor~n ~n s w~n e;p+o.rd by ~he MQRTGAGEE, in wch con,psny or companies a~ the MORTGAGEE m~y
d~retr, and ail fire end w:nJswnn ~~isviance po~~u~s on any of sa~d lwiid~ng~, ~ny interrs~ ~hereln or part thereof, in lh~ +ygrey~~e wm ~fw~~aid w
Ih exceu ~hereof, ~ha? co~t~in ihe ~s:.al sta~~:lard n,orega~ee c~euse w such othe+ t~au~e •t th~ Morty~gee may requ:r~, maMinp tM loft unde+ wd poiF
cies, esch and every, paya5'e ~o sa~d Ati)RTGAGEE aa ~~s ~~rereat mey epp~•ar, and each and every such po~.c~ shall be promp~ly atsyned and delivered to ,
•ny held by se~d MORIGAGEE ss f~rther ~,.•c~~ity to said ~~~n~~gega debt, a~:d, not Its~ than ~en (101 dayt in advance of ~he exph~tion of eath polity, lo d~- ,
li~~r to sa~d MORiGAGtE a renuwel tl~erdaf, ~oar~nsr w+th a recr~a~ fa~ thN prom~um u! •vch ~ene~a~; a:~d tf~a~e shaR ba no f~~e w wi~~ds~o~~n insur~nte
pl~ced ai •ny of sa~d b~ildmgs, any interet~ tnaie~n o~ pan ~hereoi, un!as~ in ihe iunn arxl w~~h tha ioss payeDle as afortsa~d; and in IM tveM any sum
of nw~ey becw~~ef Feyoblr u.~der w~h po:~cy or pc,~:c~es ia~d AtJRiGAGEE shall have tFw opt~on lo reccive e~+d eppiy Ihe samt oo attounl oi the indebtad~ •
nest secured I~eroby w ro pem»t ~a~d IAORTGAGORS to rece~•:e and usa it or any ~~:rt ii,e:e~f t~.r oa~•-~ ~,u~: csrs, v.~~nc~t ~h_~-o/ rvaivi:~~ or ~mpau-
in~ any equ~ty, lien w righ? under a by virtue of ~~+s mc~tgeye: end in thc event sa~d MORTGAGOkS shalf tor sny rcatoo fail fo keep the ta~d p~emises ~o ~.x
insurcd, o~ fail lo dei~ver promptly ~ny oi sa~d pvl~c;r~ of ~nwranie ro sa~d MOR(GAGfE, w!ail p%ompdy to pay fu~iy any promiv~n therefw or io a~~y -y.
r~apect (ai' ~o pt~fo~m, d~icherge, excwte, effrd, cor~plr:e, cumply w~~h snd ab~de by ~his covtnont, o~ any parl harsoi, se~d MGRiGAGEE may plre and ~
piy for wch insureocs or any part ihereof w~thout waivh~g o~ alfeiting any opno~L I~en, ey~u.ty, or ri~ht under o~ by ~irtw of this Mor~ya~e, and t1K
full amouM ol each and ev~ery s~ch peymc~m shul: be immed~ately dx and pay~ble and shail Erar in~nrrst from ~he dats thereof until pa:d at ths raN ol
n~ne pet centum Hetr anrwm ond to~.•th~•r wrth such ~nter~at si~al~ be src~:ed by lhe Gen of this mortgag3.
1. io permit, commit w sufftr no ~waste, imrairmrnt or de:cr~eral:on of said F,roperty ot any pert thereoi. ,
5. To pay all and s~n9uisr the costs, cha.grs ar.d eaper.ses. :nciud~ng s~easoneble atiorney's fee and costs of abstractf of ti~le, incurred o~ paid at
any time by sa:d MORTGAGfE, beca~se or in the e~ent of the failure on fhe p.~rt of ~he sa~d MORTGAt;OR to d~ly, pror.~ptly and fulfy perform, d~schargt
execv~e, ef(ett, canplNe, co.nply w:th and ab.de by each and every thr stipulsnens, egrEZn,enrs, cond~t~ons, and covenant~ oi sa~d promissory nots and thi~
mortgage any or e~~her, and aa~d costs, charges and expe~isrs, each a~J every, ahall be immrd~atrly d.x ar+d payeb!e; whether w not there be nof;ce ds~
mand, attempl ~o co:IKt or svit pend:ng; and ~he fufl a~*wuN oi each and e~ery such paymant ahall bear iroerest from Ihe date tMreof until paid ~t tM
rate of nir.e pcr c.~nt~n, per a i~w n; cnC all aa~d cosfs, cha~ges and expr:~ses ~ncurred cr Ha~d, togrther w.th such ~ntereit, shall be securetl by the I~en of thi7
mottgsge.
6. Tfut (a) in the went o1 any brea:h of this Mo~tyage ot defauh on tM part of the 1110RTGAGUR, or (b) in the event any of saEd sums of money
herein refe.red ro be not prornprly and iu~ly p~~d wi~hin th~rty ~3U; deys ne~t ai~er ~he tame seveia;:y become dur ~nd pa~aale, withoul demand or notice,
or (c) in the evem each and e~ery ~he s~ipu'atwns, aj~.:em~ntt, tondn~ons end c~+er.anfs o1 sa•d p.o:n!ssc+y ~o~e and ~h~s mortgage any or ei~her a~e not
~uly, prompdy and fu~ly perlormed, d scharged, eaecu~ed, effected, complered, tomp~iFd w~th and ab~ded `:y, then in e~ther or any such eveM th~ sa~d ~
g•egate sum. memaned in sa~d pronvssory note then remainipg unpaid, wi~h interzst accrurd, and ail moneya aecurad hereby, shall become due •nd pay-
ab!e (wthwith, or tl~ereafte~, at ~he opr.on of sa~d htORTGAGEE, as fuiiy and ccmp:etely aa if ell of ihr said sums of rtwney were or~gin~!ly stipulated
to be pa~d on such dty, anything in sa d pr~m;s:ory note or in this hlo~tgage to ~he conrrary nor.+~thstjndi:±g; and thereupon w thereafltr at Ihe option of
said MORTGAGEE, w~rhout not~ce or dema~Td, su~t ai law or in equ~ty, th.:r~fore w ti:ereaiter beyv~, may be proascuted ~f if all mweeys aecured hereby
had matured pr.w to its institut~on.
7. Thet ~n tM event that at the begin~;:ig of or at. any t~me pe~~d~ng any s~;t upcn fi,~s Mortgsge, w to iweclose it, w to reform it, or to ~nfores
paymcnt of any cie~ms nero~nder, se~d ~AORTGAGfE shall ayp~y to the Co~rt ha:ir.g ~~~~~d.c!.on the•rof for ~he ep~wm~ment of a Reteiver, such Cour~ sMll
forthwith appoint a rece~ver ot said mortgagcd pr~~ty alt and sinyviar, inc;ud ng ei~ and s~ngu~ar the ir,tome, p~oids, issues and revenues frpm wl~atever
sovrce derived, each a/x! every of wh:ch, it beuig expressly unde~scoo~, is h:ereb; n.c:r3a~ed as spec~f~cally sat fo~th •nd dexribed in the granting and
nabendum clauses hereof, and such Rec=i.er shall hnve alf the troad and er;eci,.e fu~~u.o~a ~nd pov.ero u~ anyw~se entrusted by a Cov~t to a Receiver, •nd
s~ch appaintmenT shaq be made by svch Co~rt as an ad.viHed ey~ny and a T:atter of absolute nght to seid MC)RTGAGEE, and withoul ?eferents to t~+e
adequ;cy w inadeqvacy of the vaiex o4 the property morr~aged w to the savene~ or insdvency of sa:d MORIGAGOR or the delendants, and th+t svch
ren~s, proi~ts, income, iswes and re.er,~es >naii be app~ied Oy such Rece~ver accord~ng ~o the Gen or equity o1 wd MORTGAGEE end the prac~ite of such
Court.
8. To d~y, prompt!y artd fully perform, dschvge, e.~ewte, eNec}, com~le~e, canNiy wl~h and abide by each and every the stipulations, agreements,
condrtions and covenanta ~n sa'd pro~risiuy noTe and thi~ mortgaye set iorth.
9. That in the event :he o-x:,e~ship of ri:e n~orrgaard preniises, o: any pa~t thereof, becomes vested in a person ofher than the MORTGAGOR, tFK
MCRTGAGEE, its successors and ass;gns, rnay, w,thout nc~~ce to the ~'QRTGAOR, deai wiih such successo~ or successw in interest with ~eference to this
mo~tgage ar.d shc d•_bt hereby securrd in Me same mannrr as w~th lSC~tgagor v:,thout in any „v3y vihating or d:uharging tFe IAortqegori liability hera
;,nder or ~~pon ~he debt hpeby sec~rcd. No saSe oi IRe p~em~ses h•_reby mo•tgaged and no fort;earance on the part of the MORTGAGEE w its suctessoq
or ass~gns and no extension of the hme for tbe payment of ~ne deb+ hereby secured given by the IdGRiGAGEE or its sucesssws w as~igns, shill operate
ro re!case, d.szharge, modify change~or affect the or~g~nal liab:i[ry of ~h~ /r•ORiGAGOR herein, either i~ ~nF.ole or in part.
10. It is spec~ficalty agre>d ihef time is of the esse~~cr of ihfs conuaa and that no waiver of a~y o6l:gation hereunder or of the obligafion ~e-
cured hereby shaU at any time thrrcaher be hetd to be a wa~ver oi the terms hereoi or o4 th~r instrument secured herby.
11. !n add !:o~~'lo the foreqo n7 mor.th!y Fwrments ef princ pal end imerest regu~red ,by 1he prom~ssory no!e sec~red hereby, mortgagor tovenants
i~~d agrees to pay to mo:ipugee w~ih aach muneh;y pay~. en~ an atiJ.~ionai sum ese~mared b/ mortgagee to be equal to 1/ 12 of the annual cost of the foNow-
~n~: •
~ A-Rlt real pro~ rty ta¦ ~s le:i~d o~ assess~~d ay st tF_ ~},~,e describ•-d reai estate.
i
B--PfCR:I:I~^S o~ fire and w~ndsso•m ~ns~~a~ce es he:e-m r:q~:red to be ca~~~ed en the :mproveme~ts s~~~ate on tne above de3cribed premiaes.
f
C-Prnnw,,rs on svch mcrt_ag•, gvare~:ty ins~rance as mortc~a~ee shall frcm rme to t~me .deQm fit to carry on the loa~ secured hereby.
A',orrgagee sha!1 (rom ti~7x ro rime ~oti~y mc~tgjgor in wr~r'rg of the amou~t dve an~ pays6fe Fxreunder and s~~eh avm sha~l thereupon be due and
S ;.jyab':e on thz d~e dare of ~he n~,.r n,o•n1~iy P~ymun~ a~.d eacie wccessive mu~~th thareaher w.tii mortgagee ahaU notify mortgagor of a change in suth
E ount. S~ch sums sFai! be ap~,:;cd' hy mcrtga:-rr ~o..ard H,e pay.cent of rea3 property taxes, insurance prem:ums, and mortgage guaranty insurance
E ;•emwmi.
i 1"! LYlTNE~S WHcREOf, ~ne sa~d A'~URiGAGOR has h~re~^to set his ha~d ar.d scal the day and year fin afwesa'd. '
~ Sgned, Sea!ed and deiivered in fhe presence of:
f tt.f ^ a~i _ -..~.C:rft~lf D /~f -tr
3 - ' ST i~) = )d!1?Y fLA~i' ` ~
~ i - r.;;-- - :{'RAS Malcolo D. Patzick
„ .
r ' t... : ~Jt: CQUP.T ~
_ . - "
~ ,F~, ' - ' , Mar B Patcick
•n ~
~ SiATE Of FLCRiDA . ~ ~ N~~ ~ IL 43 ~'M''~
3~Y3~3~
~ couvn oF _ ~~_J~1i~~---- _ ~
Befure me penonaliy appeared ~1S~Olm Patr iek '
~ _ MdIY E• Patzick hu w'rfe, to me well known and known to me to be
the individuals described in and who exeMcu'te~d' ~he foregoirr,~ instrument, and aci~no.vledged befwe me that they exec~ted the ume for ihe purpotes
~ iherein expreued. And tne sa~d___-_ E' • Patr ick _ _ _ -
~
~ ++~fe of the said ~"~diC01~_ O._ Patriek _ _ , xpar~te and p~iv~t~ _
; exam~nat;o~ by me taken separate a:~d apart from her sa~d husband, acknowledy-ed to and befo.e me ttut she extcuted said instrument freely and volurr
~ tarily and v~~thoot any compu~sion, cor;stra<<~t, apprehe~~ :on, or fear of or from her sa~d husband.
1 YltTVESS my hand and off~dal seal th~s__ lL day of__ _ A. D. 19~~2.
_ ~
' ~ l'f~ _ - . t
? otary P~bl+c in and for the $tate of rida at rge
4= My Gomm~ssion eapi~es: " ~ ^~.j ~T•/)C~
Retum To: , ~ ~ , '
hrst federal Savin~s 8 loan Asscc at:~~
O! ~ur~ P ~
~~e , .
~ ic;~t P~_.r;e. F:::r.:Je r
~ ` ~ . • .
' ~ T~ R . ~
~ This Instrumen! Prepared By John W. Collins ' r' ' t~G Y.~
. :
~ First Federal Savings 8 Loan Association = ~ • ' _
~ of Fort Pierce, Flotida b~~,~~ e.:~_~
~ Checked BY /J~ -
V:: TT_____._"~_ `I~; . .
_ r: _ ~ r' '
~ :-'t f"r~ '
~