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Home My WebLink About2345 9. To pl~e~ ~~d eontin~ously kNp on tM buildinps now w her~~hN situ~f~ on s~id la~d ~nd on ~II equipm~nl snd p~.sonaily cewnd by thi~ mwt¢ p~, with all pr~miueti~ fMrwn pa+d in full, fir~ imur~nce in Ihs usual ftandard polity form, in • ~um ~pprov~d by ~he MORTGAGEE, ~nd windslorm insw~nc~ in tM uswl ~tu?dard policy fwm, in ~~um approv~d by tM MORTGAGEE, i~ suth company or coR+pani~t u the MO°'•GAGEE may dirKtJ ~nd all fN~ ~nd wind~form intvr~nt~ poticic~ on iny of aid bvildir~i, ~ny inNr~st thertin or p~rt therwf, in tM ~yyrep~tr sum ~fo~ttaid a h~ act~u tMnof, ~hall tont~in tM usvat slanda?d morrgegee c1suN o? fuch otMr davu ~f ~h~ Mcrlq+9ae may rpui~~, makiny tM lou under ~~~d poli~ cip, tach ~nd ~v~+y. p~Y+bl~ to aaid MORTGAGEE aa its inlereat msy ~pp~a~, ~nd each and every such policy •hall be promptty rss.gn~i ~~d dtliv~ed to ,~ny held by ~aid MORTGAGEE as furlhK s~curity fo said mortyay~ debt, ~nd, not lest than t~n (10) days in advsnce of the expirat+on of each policy, to d~- ~ivsr f4 HW MORTGAL`sEE ~ r~xwal tMrpf, topNMr wilh e receipt for the prtmium of wth renewal; and ther~ ihall ba rw fire or windsrorm insur~nce plac~d on any of ~aid bufldinps, ~ny Intertst tFurein or put thareof, unlv~a in the form snd with the lo~s payabl~ es ~foresaid; and in th~ eva~t any ~um . 6t money b~comN p~yab~~ ~ndsr such policy w policiaa seid MORTGAGEE ahall have the option to receive and apply the same on s<toun~ of tha indebted- ~u s~c~~~d Fur~by w 1o pNmit uid MORTGAGORS ro reeaive end u~ it w eny part theroo( for othcr purposes, w~~ho~t Th-reb~ waivu~g er vnpair- (np ~ny puity, li~n o? riqht urwdet a by virlv~ of this mortyayr; rnd in tFw •vent uid MOR!'GAGdRS ~hall for any reason fail to keep Ihe said p~emises so IMVred, or fail to deliwr prwnptly any of said policiet of insvrance to said MOf2TGAGEE, or fail promptly to pay fully any prem~um therefor or in any r~sp~ct fail to pNform, diuharge, ~~cecut~, ~ffeet, compf~te, cdmply witF and +bida by thii covenanL or eny part hereof, said MORTGAGEE may plece e~d pey fa such inwr~nc~ or any psrt tMreof without waivinq or ~ff~ctinp any optio~, li~~, equity, or ripht undtr a by virtw of this Mortqaye, and the full ~mo~nt of t~th ~nd evNy tuch payrt»nt shall be immediHely dw ~nd payabla and ~hall bear inrorat from tM dat• thereof until paid at the rat~ of nin~ ptr t~ntum p~r annvm +nd together with ~uch interesf thall be secured by the lien of thi~ mortfl+9e• 4. Ta pKmlt, commit or suffK no wast~, impairment or deteriontion of said property or any part thereof. 5. To pay all ~nd slny~l~r tha costs, chsr~es ~nd expenses, includinq a reaioneble ~trorney'e fee end costs of sbstrads of title, incurred or peid at ~ny tima by ssid MORTGAGFE, bscause, o? in tha ~~ent of the failure on the part of the said MORTGAGOR to duly, promptty and. fully perferm, d~tcharqe, ~xacut~, ~ff~tt, tomplet~, canply w+th snd •bide by each and every thr stipulations, aqreemente, condition~, and covenenls of seid promissory note and thii mortp~pe ~ny ot ~ither, and uid cosh, charges a~d expanses, esch and every, shall be immediately due and payable; wFether or not there ba netice de m~nd, sttempt ro coll~cl or ~uii pandinp; and the full amount of each and evsry au<h payment ~hall bear intereit from the dete thereof until paid at the rat~ of niM per centum per annum; and all said costs, chargea end expenses incurred or paid, together with ~uch int~r~tt, •MII be tscured by the li~n of thii ~W4~• 6. Th~t (a) in the event of any breath of th~e Mortyag~ or defeult on the part of the MORTGAGOR, or (b) in the event a~y o( ~sid sumi of mo~ey MrNn teferttd to be not promptly and fully paid within thirty (30) days next after the same severally become due end payable, without demend or notice, or (t) In thi event esch and every the stipuiations, sgreemem~, cond~tions and covenants of sald p:omissory note and th(s mortgage sny or either are no1 ~uly, promptly ~nd Frlly performed, discharged, executed, effacted, completecf, complied with and abided by, then in eithtr or any •uch ~vent tlw ssid prp~ts wm rtxntioned in taid pramisaory note then remaining unpaid, with interest accrued, and alt moneya setureu hereby, ahall become du~ and psy ~bl~ forthwith, or the:eaftar, at the option of said MORTGAGcE, as fully and completely as if al! of rhe said suma of money were oriqinally stipu~eted ta be peid on suth day, anythinq in said prom~isory note or in this Mortgage to the contrary nolwith~tandinq; and thereupon or thereaft+~r at the optfon of e~id MORTGAGEE, without notice or demend, suit at law or in equity, therefore or thereafter begun, may be prwecuted a~ if all money tetur~d hsreby had m~tur~d prior fo iti inititution. f. That in the event that at the beginning of or at any time pending any suit upon th~s Mortgage, or to forcc~ose it, or to reform it, or to enforc~ p~yment ot any tlaims hereundtr, said MORTGAGEE shall app~y to ihe Court having jurisdiction thereof for the appointment of a Rectiver, ~uch~"""`~ Forthwlth eppoint s receiver of saiy~ morigaqed property all and singular, includ~ng all and singular the inmrns, profits, issues and reve~ves from whatevsr wurce deriv~d, aach ~nd every of wh~ch, it being rxpressly understooci, is hereby morr~aged as if tpec~fically tet forth and deitribed in the qrenting and hsbendum clauses hereof, •nd such Receiver shall have all the broad and effect~ve funcfions and power• in anywise emrusted by • Court tQ • Receiver, and tuch appointment shall be made by such Court s: sn admitted equity and e marrer of absolute right to said MORTGAGEE, and without ?eference to the ~dtquacy or i~ad~quaty of the value of the property mortgaged or to the solvency or insolvency of said MORTGAGOR or the defendants, and that such rents, profiri, income, issues and revenues thall be applied by such Rcceiver atcording to the lien or equity of said MORTGAGEE snd the prattico of ~uch COUrt. 8. To duly, pronsptly and fully perform, d'sscharge, execute, effect, comple!e, tomply with end abide by each end every the stipulations, agreement~, conditions snd tovenenti in said proml~sory note and this mortga~e set forth. 9. That in fha event ihe nwnership of the mortgaged premises, or eny part thereof, becomes vested in a perwn othe+ then the MORTGAGOR, the MOR7GAGEE, itt su<ceuors and essigna, mey, without norice to the MORTGAOR, dea~ with such succesfor or w<tessor in interesl with ref~r~nca to thi~ morlQsq~ •nd the debt hereby secursd in the same manner as wirh Mortgagor without i~ any way vitiating or dixharging the Mortgagon' liability herr under w upon th~ debt hereby aecured. No sale of the Fremises hereby mortgaged and no forbeeronce on the pert of the MORTGAGEE or itf iucce;son or as~~pn~ and no extension af the time for the peyment of the debt hereby secured given by the MORTGAGEE or its successort or ass~gns, sliall operote lo releas~, discharyr, modify chenge or affect the original liabllrty of rhe MORTGAGOR herein, either in whole or in pa~t. 10. (t ls ~pecifically agreed that time is of the essence of this contract end that no waiver of any obligat~on hereunder or of tha obligation sr cured h~reby shell et any time thereafter be he:d to be a waiver of the term~ hereof or of the insrrument secured hrrby. ll. In addition to tha forego:ng monthiy payments of princ'pal and interest required by the promisscry note sec~red hereby, mortgagor covananta end agrees to pay to mortgagee with each monthly payrnent an rdd~rional sum est~mated by mortgagee to be equal to 1 j 12 of the annual coat of the follow- • inq: A-All reel property ta:es ievied or assessed against the above describ_d real estate. B--Premiums on fire and windstorm insurar.ce as herein requ~red to be ca~ried on the improvementr situate on the ebove deavibed pr~mise~. C-Premiumt on such mortgage gueranty insurance as mortyagee shall from t~me to time deem fit te carry on the loan sewred hereby. Mortgagee shall from t~me to time nvtify mortgagor ~n writing of the amr~unt due and payable hcreunder and wch sum shall thereupon be due and payable an the due date of ths r.ext monthly payment and each successive month thereaftar until mortgagee sha11 notify morrgagor of a cl~anga in such amount. Such sums •hall be applied by mortgagse toward the payment of real property taxes, insurance ~em;ums, a~~d mortgage guaranty insurance premiums. IN WITNESS WH OF, t e said MOR GAGOR has hereunto set his hand and seal tfie day and y ar,'first afore id. ~ 5' Se~led tlel' ~ i t ~en~ of: / ~ t+ ~ ~h~ ~~~-t. - n?t.~~\, (Seal) ~ (5s~1) ~~.il..~ • ~ (5e,e1) (Seaq STAT~ OF FLORIDA ' courvn oF Saint Lucie j~" Befwe me penonally appeered Donald Smith end Lora J~ SIR~tYI his wife, to me well known and known to me to be the individuati deauibed in and who ezecuted the foregoing instrument, end acknowledged before me that they exec~ted the same for the purposes therein exprtrssed. And the said- Lora J SZ^ ~1 wife of the ~eid DO~.C~ N. cmith , ~po~ e separate and privat~ examination by me tak:n_ separate and apart from her said husband, acknowledged to and before me that she executed said instrument freely and volun- tarily and without sny compulsion, conatrain'r, apprehen io fear of ~r from her said husband. WI7NESS my hand and official seal thiL_ day of ~~~tf'•mt' , A. D. 19~~ ~ . • Notary Publi< in and for the Stete of Florida ,d, l~rye~ t, My Commisaion expires: . . Return To: /~~/~9/~ v ~ ' , Fint Peder~l 5avi~gs 3 Loan Aswci~ii~i ~ J, f ~ oT fo., P~erce. ~ ~ A~ RE ORDED . . - - ~ fort pierce, Florida ~ ~ ~ ~ O Q K ^ ~ Y'f ~RGa _ • -c = ~ . . . , L'.~~ 1~~ j '.o , _ ~ . • ~ ~ ~ . . ' ;TELMORiT - ~ ~ ' ' ~j',y _ '65 SEP I 6 P~I 3 ; ~ ~ . ~ ~ " ` 'tr' r O ~ ~j ! JJ ~ ; ` _ ROG'tR-P`~ITRHS, CLERK ~ : ~ ; , ST. LUCIE COUNTY, . ~ _ , ' ' ~ = FLOR10/~ R ~ gorK~~~ ~~rJ , , , . ~ ~ . ,~d .