HomeMy WebLinkAbout0960 . - . 5 . t _ ,i
to plaa and aont4wously kNp on tM bvildinps now a M~~+hK s~ru~t~ oe said tand ind a+ alt equiprrwnt and p~nonaly oovsnd by Mis mo~tg~
p~. with ~11 pnmiwnt tMr~on paid in fv14 1+n insvr~nu in th~ uswl sundard policy iam, in • wen approwd by th~ MORTGIIGEE. and wiabtorrn
~nwrana In tl» uw~l q~nd~rd policy fa~n, tn • twin approv~d by tM MORTGAGEE, In wcA ca++p~ny w oomp~?ia a t~+~ JMORTGAtiEE nwy
d~r~etr ~nd NI fin aid windswrm kawaea poliei~s on any of u;d build;~p~„ any inN+at tM.~in w pa~t thanof, h tM +pp~paN swe~ ~faaaW a
in .xaa therwf. ~hall oomNn ~M uswi uandard mor~9s~e~ d~us~ w such o~her clw~ a ti+~ I~iori9ap.. +ns}t rs~u:n. ias+w~ t1-.a ssid ~b
cin. ~ach and ~wry. WY~bI~ 1o s~id MORTGAGEE q in i~teral msy app~ar, and ~ach and fvery wch polic~r shall b~ Promptly ut~pi?~d and d~liwhd to ~
.ny held by wW MORTGnGEE fw~h.r secwiry w s.W monys~. debL +nd. not leu th~n ~~n p0) d~rs in adv~nc~ of tl?~ ~xpka~ion of ~sd~ policy. ro dt ~
IivN to ssid MpRTGAGEE • n~ww~l tMr~of, fop~thK wirA a nceipt for tM pr~miwn of sud+ nnewal; aa! tlw~ ah+lt b~ no Fin w windstwm Mswanu
pl~ad on ~ny of wid buildinas any int~nst tl+Ke+e or put th~reof, vnku i~ ~h. form and wc~h ~M los• p+r.bl. ss •fo..s.id~ w+d tn ~I+~ •v.~~ .~y w~n
of n,wwy b~ao„ws p~y~bN w,dw wd, polky or pul;c;q w;d ~µpRTGAGEE thall haw the optan ro ncsiw u~d apply tl+~ ~amt on ~cmuM of tM ind~b~ed~
neu s~cw~d Iw~by or 1o pKnwt sakl MpRTG/IGORS ro ~ec~iw ud vw it or ~~y put thereof for o~he~ pu~pos~s, without thareb~ waivinp or impak-
~+g +nY pv+ty. Ila~ a?ipl?t w~ds~ or by vinw of this mortyaps: u+d in ~M •ve~+~ sad MORtGAGORS sha11 fo. ~ny roa•on isil ro keep ~M wid pr.n+isea so
insund, w fall w d~livN prornpty aM? of said policies of ir~v~aoc~ ro s~id MORTGAGEE. w fsil prompdy to pay fully any premium ther~for w in ~ny
r~~p~ct fail b pKianh, distMrp~ t~c~cutt, tffM, oompf~te carr~ply with uK! abid~ b~r tt~ oownant, w any part Mrwf, s~W MORTGAGEE n++y plac+ ~~?d
P+y tor sud+ Grwar~p w aery paA tl+Kwf withoW w~iv&~p ar ~ff~eti^0 +~Y QP~wn. ~Kn. pvity. a?ipht vndw a by vinw of tl~is Matpap~. N+d tM
full ~eno~M of ~ath ~nd wery wch p~yn~ent shall be &rrned'wtety dw and pyabl~ ar~d sFNI! bta? intsr~af fran tIN dat~ tMreof until p~id th~ rat~ ol
nin~ pq pntwn pK ~rrwm u~d toptlMr whh wtA Mterest ihall b~ setvted by th~ li~n Of NJs nwrtpap~.
1. To qnnit, aoenn~it ar wffK no w~st~, 4np+irment a d~t~rioratan of said p?ope~ty or any paA tMnof.
S. To pay ~II x~d sinpul~r tM coab, chup~s ~nd ~xpu+ses, includinp a ~eason~W~ attaney i fee a+~d oosn of absnacn of titt~, incwnd or paM at ~
any tirn~ by wid MORTCsAGEE, b~cavs~ a in tM ~v~nt of the failure on tl~e part of tM ssid MORTGAGOR w duly, p.o~h a~d r„iy P..fo~, dycha.~ ~
~xPCUty ~ff~d. aompl~M. oomply with and ~bid~ by ~~ch ~nd every the itip~,la~ions, .~~aemenn, cond~~iau, and cown~nn of said promiswry not~ ~nd this ~
^+ort9ap~ ~nY a~itl~u, u~d said costs. cMrpes ~nd ~apenses, ~ach and ~vKy, sh~li b~ imn+adiat~ty dve and payabl~r whetM? w not tMr~ be notia d~ (
m~nd. +tetmpt ro ooll~ct a wfl p~r~dinp~ ind tM full ~nount of each ud swry such p~ymN?t ~hrll bear inr~nat from tM daq tFweof u~Nl p~id at tM
rate of nin~ p~r centum ptt uuwm= u~d all said oosts. thary~a ~nd espensa ina?rred or p~id, toge~f+er with suth imer~at. sMll b~ acw~d by th~ li~n of tha
mortpa~.
6. TA~f in fhe ~wnt of any brsach of tl?i~ Mortgap~ or defavlt on the part of t~x MORTGAGOR, or (b) in tM ~vent ~ny of s~id swnt of moMr
har~In hf~rc~d to b~ not.promptly and fully pakl withln thirty (30) days next after the same severatly becort~s dw and payabl~, witho~t d~mM?d o~ notior. i
or In tM ~vMt ~ad~ u~d ~wry tiwi stipvtation~„ aqreans~ts, cond~~ior~s and covs~snn of s~~d promiuory note and th~s nwrpa~t ~ny a ~itMr ~n no1
iuly, promptly ~nd fuly pKforen~d. discharp~d, exacvt~d, ~ffened. eompl~ted, compl~sd with u+d +bided by, th~n in ~ithu or any wd~ ~wnt tl+~ said p~
prs~ah wm m~ntiwwd in uid promiuay rqt~ then ~emainirp vnp~id. with in~e.est scuued. ~~d atl ma+sys stcw~d. Mr~bY. ihall b~eorr~t dw ~nd p~y~
abl~ forthwitl~, or tMr~aftu, at tM option of said MORiGAGEE, u full~r ~rd comple~ely ~s if ~II of rl+e said sums of ma~ty vwn aipiewlly atipulsted
ro b~ p~ld on wd~ day, anythinp in s~;d p,e,n;uo.y note or tn this Maryaqe to the conrrary natwithsundirg: tlNfllh1011 p fl~ffl~~tN ~t fAi OPfiOfl Of
•aid MONTGAGEE, without notia or d~mand, wit at law or in puity iFlOfffOIQ O~ IIM/NI1K b~ur~, ~r b~ p~o~eait~d a if ~II monty~ s~wnd Mr~by
hatl rtNtund p?ior to its lrotitution.
7. Th~t In th~ ~ve~t that at th~ bpinninp of or at ~ny tim~ pandinq any suit upon tl~is Mortpa~, a to foretlw~ N, w to nform tt, o? M~nfotp
payment M~ny dai~ Mrw~der. aid MORTGAGEE sM11 spply to the Court having jwisdiction the?wf fa th~ ~ppoietmfnt of ~ Receiwr. wd~ Caut sh+ll
fwthwkh ~ppoint s noeMr of s~i~J mortpapad property all and si~g~lar. includ~rg all and iirgular tM incorn~. profin„ issva and r~wnues fran wMt~v~t
wura d~rtwd, ~ach and ~wey pi whkh, it beirg ~xpressly understood. is hereby mong+ged u if apec~iic~tly set forth and derorib~d M thi p?~ntinQ and
h~bendwn claute~ Mnof. and s+xh RtceFwr sh+ll have all the broad and effective fuect~om snd powers in a~ywis~ entrusted by a Co~ut tp a R~iver. ~nd S
such appotntmMt ~h~ll b~ mad~ by wch CouA ~s an admitted equity and a matte? of absolut~ rgAt to said MORTGAGEE, ~nd witifout wi~renfa t~i t~s E
adequ~cy a inad~qwcy of th~ v~tw of the propK~y mwtpayed w to the wwenty w insolrer~ty of ai~d IWORTGAfiOR or the defendann, and tMt tud~ i
rants, profita, krcon», kw~s ~nd r~vemies sh~ll be appli~d by such Rao~ivcr accordin~ to tM lien or puity of wid MORTGA6EE and tM practia of wch ~
Court.
8. To duly. P~rN •~d fi,~y P..to~. ducMrqe, execute, efiect, eanplete, eomply wirh and abid~ by ~xh ~nd svery tM st~pulatioro, pr~nti, '
conditbns and oover?~nri in said prombsary not~ and this mortgsge tet forth. ' ~
9. 7Mt in tM went the ownenhip of tM mortgaped premises. a ahy p~rt thereof. bccanes vestd in a perwn otl~u th~n the MORTGAGOR. tfN ~
MORTGAGEE, in woauon a~d ;sspns, m~y, M/ithout noirce to the MORTGAOR, deal wirh such succe~so~ w u,cpssor en iMer~st with nfer~?ce w thb ~
monpap~ and tM d~bt I~er~by s~cu.~d in the ssme manr,er ~s wi~h Nbng~go. withovt in ~ny way vifia~irg a d'acMr9~np tM Mortyspaa' liabiliry h~n- i
under w upon th~ d~bt htr~by secvred. No s~le of the premius hereby mo.tgsged and no fwbearanc~ on th~ p~N of the lY1QRTGAGEE or its wa~awn !
or auiqro ud ra extsnsion of the time fw rhe paye~» of ~he deb~ he~eby secured yiva? by the MORTGAGEE a ih s~xcssio~ or assiprn, aMll oper~t~ ~
ro r~ka~, d'ischarp~, eaJify chany~ or affect tt~e original li~bility of t!~e MORTGAGOR hereie~, eitha in whois w i~ p~rt. t
10. It is fiull !
speci Y apre~d th~t time h of tha euence of this contract ~nd tMt no w~iw? of any oblipatq~ Ger~undN p of tlr oblipation t?
cured h~r~by ~MII at any tirr~ th~reafter be held ro be a waivar of the term~ he~eof w of ths irotrurnsnt secwed hKby.
11. In addition to the fwego:~g rnonthlY paYments of princ:pal ard imereat required by the promissory no~e secu~ed herebY, morfpagor townaM~
and ~grses to pay to mortg~gee with each monthly payment an addie'~ooal sum est~mated by morty~yee to bs eqwl to 1/12 of the annu~l cost of tM fd(ow-
ing:
A-Atl real properfy f~xes levied w auessed against the above described real estate.
8-Pr~m:ums on fire and wi~dstorm inwrance as herein reou:~ed ro be urr"~ed on the improvemtnts sitvate a? th~ above dewib~d pr~mis~s.
C-Premiums on such mortpape gwr~oty insurance as mortgagee shall from t~me to time deem fit to urry on th~ ban ~ecw~d hereby.
Maty+pee sMll from time to time notify mwtgagor in writing of the amoum due and paysble hereunder and such wm shall thereupon bt du~ ~nd
payable on the due date of ths next monthly payment and each successive month thereafter unri~ mortpspee shsll notify mortgagor of a chsnp~ in such
smount. Such sums ahall be applied by mortg~gee toward the payment of real propcrty tsxes, inwrance premtwns, and mort9+qe ~wr~nfy insw~nc~
prsmiumt.
!N W Nf55 WHEREOF, the said 1NORTGAGOR hu hereumo set his hand and seal the d+y ux! yesr fint ~fwesaid.
Si S~abd d d~llwr~d in • pre nt~ of: ~
n
n
~n
~s..~
~ STA1E OF fLORIDA ~
~ courm oF St. Lucie f
~ Jemea Smith '
' v«.«~+ r ~a .~d '
~ de on me R07C18 rSmi th his wife, ro me well known and known to me to b~
~ the individwb described in uid who exsaited tl~ for instrument, ard ~cknowledged before mt tl~st tbey executed the ssme for ths pwposes
1
~he,~~~ .xp,.s..a. And ..sd Ro]Cle Smith
E wife of tM said - aTE2R8 9 Smi th - a sepante and priv~»
~ examin~Yan by me take~ s~p~nte ~nd ~part from her ~aid husband, adcrwwledgrd te, and before me thst she axecvted said iiatrwnent freely and volw~-
rerily rnd without u?y compuliion, constraint, apprehensi , w fear of or from her said hvsband.
WITNESS my hand and official s~sl thi d~y of e tember ~ D. 19 66
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~ public in ~~+d for the Stat~ of Fb?id~ at larp~
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