HomeMy WebLinkAbout0895 3. To plac~ ae~d contin~ously ke~p on 1he buitdings ~ow a Mrc~fter iitwte on said land snd on all eq~lpment and p~nonaliy cowr~d by thts mort¢
p~, with all pr~miw~et ~Mreon pa~d i~ futl, fi~~ ii+surance in the usual standa~d policy fam, ~n a swn ~pprowd by tM MORTGAGEE, and wind~to~n?
iruw~nca i~ ~h~ uswl s~andard pol~cy fwm, in • ium ~pproved by tM MORTGAGEE, in s~ch canps~y or comp+~i~s u tM MORTGAGEE may
dinc~t Md all fH~ and w~ndstorm iniwanc~ policie~ on +ny of said bu~id~nqs, ~ey int~.yt the?ein w pan therwf, If1 tFN ~/OQ~tO aW?1 ~IWfNid 01
in ~xcrss ~hrrwf, shall coneain tb~ uswl standud matp+Q~e ciavse u such o~hs. ds~ a tM Maty~ge~ m~y ~equwe, m+kiig tM lou unda said poii~
ci~s, tsch u~d ~v~rY. p~Yabl~ to taid AhORTGAGEE ~s its intere~t max sppaa?. and s~ch ~nd ~very i~ch poliq shali b~ pron,ptly u~:yned ~nd d~tivered to
~ny held by said MORTGAGEE ~s furthe~ sscurity to s~id mwt9aye dsbt, and, nw !eu ?han Ien (10) days in advae~c~ of tM eapi~+tion of ~ach pol'icy, ro da
liv~r to aid iNORTGAGEE • ra+ewal ~hereof, fcqe~her wi~h ~ rece~pt for tM premium oi s Kh renewal; and ~M~~ shall b~ ra f'ae or windsram inwruK~
pl~pd on ~ny of said buitdi~. ~ny inler~it there~n w pan thereof, unleu in tM (wm'~nd wilh tM lou payable a~ aforesaldt +~d in tM event ~ny ium
of rtwn~y becoma p~yabl~ vrwler wch policy or polici~s said MORTGAGEE shall Mw th~ option to receive ~nd ~pply tM s~me on acca?N o~ th~ ind~bted
n~u secvnd Mr~by a b p~imit said MORTGAGORS ro receive and us~ it a any part thereof for o~he? purposes, w~thout thNeb~ waivi~g or ~mpair-
irg any pviry, tien or riyht ~nde~ w by virtue of this moreQagt; and In !Fn ~vent said MORTGAGORS shaU fw ~ny rtason f~il W keep the s~id premiu~ w
insured, w f~il Io deliver promptly any of taid potities of insunny to said MORiGAGEE, w fail pranptly to psy fvlly any premium tAeretp p in ~ny
respest f~il to pNform, diuhuge, execute, effect, complete, comply with u?d ~bid~ by this covena~r, a any pa?t he~eof, ssid MORTGAGEE msy pl~ce ~nd
paY fa wcl~ inswar~ or ~ny part tl,Keof witho~t w+tv'u+p w sffectinp ~ny opYwe, li~ei. p~ity, or right unde? w by virtw of ~hi~ Mortp~ye. ~nd the
full amov~t of ~ach and ~vay such payment sh~ll b~ invnediately dw ~nd ~syabl~ and sMll bear intHes~ from tM dat~ ~h~reo( vnril paid at tht ~at~ of
nin~ p~r centum qt annum and together wirh suth interett shsll be sscvred by tM lien of this mortgyt.
1. lo permit, camot o? suffer no wut~, Imp~'ument w dete?ioration of ssid properry w ae~y pa.h thereof.
S. To p~y ~II ~nd wgulu the.costs, cMrpes and expenses. ir+cludirg a reaso~abk ~ttaney'~ fee and cosb of abshacts of tiHe, inn?ned w paid at 1
any time by said MORTG/1GfE, l~ecaus! or in the event of the failuro on the pah of th~ s~id MORTGAGOR to duly; promptly ~nd fvliy peafam, d;xhugR
sxec~t~, ~fFect, complet~, tomply with ar+d abtde by ~xh u+d every the aY~pulations, agresmeri», coe+ditions, ~od cownann of uid promissory iwte and thq
mort9a~a any or ~ither. ~nd ssid costs. char9ea and expen~es, e+ch and every, shall be immediately du~ snd pay~blr, whethe~ w not ther~ bs notice da
ma~d, an+mpt to cotlect o~ suit pe~diny; a~d the futl artaunf of each ar+d every such payment shall bes. interest from the date tt+ereof vntil paid at the
rate of nine per centum per annum; ~nd all said costs, ch~rges and expenxs incv~red w paid. lo~ether w~th suth inter~at, shsll be ~ecured by th~ li~n of thi~
mortpa~a.
b. Th~t in the ewnt of ~ny breach of thy Mortgs9e o~ default on the part of *he MORiGAGOR, a(b) in tM ever?t sny of ~r.d s~ms of money
herein r~fa~~d ro be not promptly snd f~lly p~id within thirty (3p) days next afte~ the same severally became due and payabk, withovl demar?d w notice,
or in the ~vsM each snd ~very tl~e ~tipulations, sgreements, cond~~ions and mvenann of sa~d promissory note ~nd th~s mwrya~e se~y w eithe? a~~ ~w1
iuly, prompdy and fu!!y performad, d;scF~rped, executed, sffected, complered, compl;ed w;th and ab~ded by, then in either w any such ewnt ths said aq~
yreq~h wm me~tioned in said prpniswry note thei+ remaining ~npaid, with interest acuued. and a~l ma~eys setured hereby. shall betome dw and p~y-
able forthwi~h, w thereatte?, at the oprion of iaid MORTGAGEE, ~s fully ard compktely as if al! of thc said wms of money were wiginally at~pulsted
ro be paid on such day, a~ytRiny in sa~d prom~ssory nota a in this Mortgagc to the con~rary notwiths~and~ng; a~d ~hcreupon a thereafta at the option of
said lNORTGAGEE, without not~ce a demand, suil at law o~ in equity, thcrefae w ttx:eaher begun, may be prosecvted as if all rnw~ep axvred heieby 1
had matwed p?ior to its institution:
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7. Th~t in tM eve~t that at the begiru~ing of or st ~ny time pend;ng aoy suit upon this Mwtgsge, or to fweclose it, or to reform it, w to enforp !
paymeM of ~ny claims hNCUnder. said MORTGAGEE sh~ll apply ro the Court having jurisd~dion tMreof fw the eppo~ntment oi a Receive~, tuch Covn shall
fwrliwith appoint a rKeiver of said mwtgaged p~opcrty all ~nd sing~lar, includ~ng a{I and singulsr the uxome, profits, iuues and revenues frpm whatevcr
sourc~ derived. each and every of wli~ch, it beinp expressly understood. is hereby mortgaged u if specifically set fa~h snd des~~ibed in the y~ar~ting snd
habendum dauaes hereof. and such Receiver sh~ll have ail the broad a~d effective funcr~ons and powcn in anywiss entrwtcd by a Court to a Receiver, and
~uch appointmeM ihall be made by such Court as an admitted equity a~d s ma~ter of absolute right to said MORTGAGEE, snd without refercnce to the
adequ~cy a in~deq~acy of the v~lue of the property mortgsged or to the sonrency a insotvency of said MORTGAGOR a the defendants, and that suth
renrs, profi», income, iuves and revenues shail be apptied by such Receiver accudirg to the lien or equity of said MORTGAGEE and the pr~ctic~ of such
CouA.
8. To duly, promptly and fully p~rForm, dixharge, exccute, effect, complete, comply with and ab~de by each ~nd every ihe stiputatioas, ayreements,
conditiom and cowenann in wrd pramissory note and fhis mortgags ut fwlh.
9 That in the svent the ownenhip of the mortgaged premises, a aMr part thereof, becomei vested in a penon other than the MORTGAGOR, th~
MORTGAGEE, in svcceuo.s ~nd auigns, may, without ~+otice to Ihe MOR?GAOR, dc+l with suth successor or successor in inte~est with reErrence to this
mor~gape snd the debt he~eby secwed in the saree manner as wifh Mo.~gago. w;ihout in iny wsy vitiating a diuharying the Mw~9agors' liability hsre.
under or upon the debt hereby secured. No ~ste of fhe premius hereby mwtgaged and no fwbearance o~ the p+rt of the MORTGAGEE or ita svccesson
or augns snd no extension of the time for the payment of the debt hnreby xcured given by the 1NORTGAGEf o~ itt successon a assigns, shall opeiat~
to rekue, di~cMrpe, mod'efy cMnge a effeN the wiginal liability of the MOQTGAGOR herein, eitlxr in whole or In put. `
10. It is spec~fically agreed that Yune is of the esxnce of th~s contract and that no waiva of ~ny obl~gstion herevnder or of the obligstiw~ sr ~
cvred hereby sMll at any time thcrcafter be held to be ~ waiver of the terms hcreof a of the irurrurt~ent secv.ed herby.
11. In addition to tf+e fwego:ng momhty payments of pri~c'pDl snd interesr required by the prom~uory note secu~ed hereby, mortgagor covenants
and sgrees to psy to mortgagee with eath momhly payment an addirional sum estimated by mortgagce to be eq~al to 1/12 of the annual cost of the follow-
'ng:
=A_ All ~e+l p•operty taxes levicd w asussed agai+ut the sbove dexribed real esfate.
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8-Premiums on fire and windstorm e~suraace as herein requ:red to be carrird on the improvements situate oo the above described preniqei. '
C-Premiums on such mortgsge gwranty insurar~ce as mortgagee shall from time to time deem fit to ca~ry on 1he Ipan iecured hereby. ~
Mortgsge! shall from time to t~me notify mortgagor -in writing of tFie amouM due and payable hereunder snd such sum shall theroupon be due and
payabta on the due date of the next monthly payment and each successive monrh there~fter wtil mortgagK shall not~fy mortgaga of a chanye in suth
amount. Such sums shall be spplied by mortgagee toward the payment of real property tsxes, insurance prem:~ms, and mortgage gwranty insurance
p~emiums. _
IN WITNE55 WHERfOf, the said MORTGAGOR has hereunto xt his hand and sesl the day and year fiirst sfuesaid.
_.SQ~~ u+d_~tivere ~
1r~`~ of: ~
.
~-~,~_1h_!~`~ ~ ` n
.
~n
- K-:~
j STATE OF fIORIDA ~ .
couwnr oF SA i nt .~_i e :
;
k e~+«e m. p.r„n,np ,ppeaRa Frankie L. Smilev, a sinp,le adult ~
]C~~a
s, to me well known and k~own to me to be '
j the tndiridw described in and. who e:ecwed the foregoing instrvment, and acicnowledged before me that ~?veexetuted the sams for the pwposes ~
therein expres~ad~Q~lif~Ctlf.u~'.tY S!~
i rl(~X9C9i'i~CsTiZ
€ r~~rJ~ilfaC ~
WRNESS my h~nd ~nd officiat sea( tF+~ d~y o{ M h
a ~9 66
Notary Public in and~(w~ the 5t~te Flor~'
, t~r
ae~um 'ra My Comm~ss~on e~cpi~fltary PuWK, ~tate at ~er~da~Jt La:ge
~sr f.der.? seW~,gs a~o«, ~?sw¢'e REC 0 RD E 0 1~Ily Commasion Expires Nor. 3, i969
( r~~~--~'3 0 0 K ~isded 6Y Az~ncsn Fn S Caswkr G.
Of ion Pierce.
fort Pie~ce, Flwida
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° ' LERK ~
. ' ° . ROGcR P~tT'':::~S. C = ~ :
E - , : ° ~ ST. LUCIE COUNTY. . _ . . ~ '
~ ~ -i ~ . ~ FLORIDA - • -
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