HomeMy WebLinkAbout2811 To pl:s~ and continuously keep on the bui!ding~ now ot Fw~~~ft~t ~itw~~ on saia land tnd on ~II puipnwnf N+d p~t~ot?dN cownd b1l ~~b'
ege, wilh ~{I pr~miumt thereon p+id i~ full, fire insurance in the vsu+l s~atdard polity fotm, in a swn ~pproWd by ih~ MORTGAGEE, snd wi~ktwn~
~ns~ronc~ in tM usw) standard pol~cy fam, in ~:um approved by th~ MORTGAGEE, in ~uch con+P+eY a oa^P+^N~ W 1~ ~1~'EE ^'~y
d~rect; and all fir~ and windsrorm ins~rance policies on any of isid buildirqs, any interqt tI1H~G1 Of fFIM~Of, M? ~IN ~4Wpa~~ sw~ ~fott~aid or
In exc~ss ~h~reof, ~hall conuin ~hs ~sual ~r~ndard mortgages cls~,ss a:uch o~her dawe ~s tM 1Morty+pN m+y nquin. m+ki~p tM lou unJ~ aid po~F
c~e~, each and evKy. p+Yabk ~o said MORTGAGEE as its interest may ~ppear. +nd each and ~very such poliry ~MII b~ pranptly ~u:~Md ana dNivK~d to
eny heW by uid MORTGAGEE as fu?tFwr security to uid mor~gage debt, a~d, nw tess th+n ~~n (10) days in ~dvana of tM ~xpir+tia+ of Nch poliey, ro dr
I~ver lo iaid MORTGAGEE ~ renewal thereof, toge~hK with a receipt (w the premium of tuth ren~w~l~ N+d theh shall be ~+o f'u~ w windstam InswuK~
p!aced on ~ny o/ said buildinys. ~ny interest theteln or par~ the~cof, unieu i~ li» fam ~nd with 1M loss p~y~bl~ a~ afor~iaids +~d ~+t ~v~nt any win
of mon~y becom~s payable w~der such policy or policie~ said MORTGAGEE shall hsw the option to nctiw and apply 1M s+rm a+ ~otount of_ fM i~d~bte~
ness ucur~d Mreby a/o pe~mit ssid MORTGAGORS ro receive and uss N w+ny pa~t lhereof fo? other purpotes, withouf 1h~reby waivirg w imp+h-
~ng any puity, li~n w rght under or by virtue of th~i mo::gage; ~+nd i~ the ~vem ~aid MORTGAGORS sl+all fa any.nason f~il to ka~p tM wW prM?ises so
~nsured, w fail to deliver promptly any of said policies of inw~ance to said MORTGAGEE, a fsil promptly ro p~y fully any pnmium thN~fo~ or ln any
reipect fail b perforn~, d~xharge, ~xecute, effed, complete, comply with ~nd abide by thi~ cown~nt, or any part hKwf. ssid MORTCsAGEE m~y plaa ~nd
pay fw tuch inwrar~ or ~ny pan thereof w~~hout waiviny or ~fixtin~ a~y opYan, li~o, ~quity. o~ riphf unda a by virtw of fhis MatQap~. and th~
full amouM of tath and avery such paymam shalt bs ~mn+ed~ately dw •~,d payabi. and ,hau b..r u,rer.s~ from rM dar• rh.?.of vnril p,W at tM~ rat~ of ~
n~ne per centum pa~ annum and together with such interest sha'T(be secv~ed by th~ lien of tlas mortqpe.
4. To p~tmit, comrnit o? aufim ~o waste, impa'ument a deteraratio~ of ~id properfy or ~ny put th~?aof• '
5. To pay all and sirgulsr the cosn, charges snd expenus, includirg ~ reaionable ~ttaney's fe~ ~+d cwts of ~bstratl~ of titb. Incun~d or pald N i
eny fime by said NIORTGAGEE, because or in the event of the failure on the parf of the said MORTGAGOR b duly, p~or~~hr a~d iuiH w.f«m. d~xhu~.~ !
execute, effect, complete, comply with and ab~de by esch and every the stipulations, agrcements, ca?Jitions, •nd aown.nn of ..d pra+niswry not~ u~d thi~ ~
mortgape any or ei~hea, end said cosb, chargei and expenxs, csch and every, shall bs immediately dve and p~yaW~t wMthN w not tMn b~ eotlq d~
mand, attempt to colkct or wit pcnd~ng; and the futl amount of esch ~nd ewry wch p~yment sMll beH intK~st from tM d+t~ tlwnof until pald N tM
rare of ni~e per centum per annum; a~d all uid costs, charges and expenses incvrred w paid, togtther with suth i~tapt, ~II b~ Mcutd by tM IIN~ of thi~
mortgsps.
6. Thst (a) in the event of any breach of th~s Nbrtgsge a default on the part of the MORTGAGOR, a(b) in tM ~wnt u~y of uid ~wnt of monty
herein referred ro be ~ot {xomptly and futly paid within thirry (30) days next afte? the sstne severally bKOtrN dw aod payabM, with0ul d~mand a ~otlq,
or (c) in the event cach and every the stipulations, agreements, conditioos and covenanb of ~atd promissory not~ and fhi~ nartp+p~ ~ny or ~IthN an nol
iuly, promptly snd fully performed, d~xharged, executed, effected, completed, compl'~ed with and sbided `iy, tMn tn eitMr or aMr wd~ ~wnt th~ s~id ap~
gregate wm mtntaned in s~id prom:ssory note then remaining vnpaid. with intarest ~cvued, and all montys Ntw~d. he~~by. shdl beoom~ dw ~nd p~y~
ab~e fwthwith, a th~reafter, at the option of said MORTGAGEE, as tully and completely as if all of tF~e aid wnis of maay vwr~ apinally stipulat~d
to be paid on such day, anythin9 in sa~d p~omiuory note or in this Mortgage fo the contr~ry notwithsundinps ~nd tlNt~upoll o~ ihNNffN at fIN Opf'~On ot
se~d MORTGAGEE, withouf notite o? demand, suit at law or in equity, thertfore or thereah~t ?.vpu~. tw~y b~ prwetut~d a If dl nwMyt Mtw~d Mnby
nad matvred pnw to its institution.
7. Tha~ io rhe e~enr ~hat ar rhe beg~~~~rg of or at any time p~nding ~ny wit upa? this Mortya~e, or to foncloN h, w to nfonn N, a to ~fora
payment of any claims hereunder, said MORTGAGEE shall apply to the Co~rt hsving jurisdiction theraof fo? tM appointm~nf of a R~uiwr, wth Cwirt sha~)
forthwith sppoint a receiver of sai~ mortgaged property all and sirgutar, includmg all and iingula~ fM incan~, profi», iwws and nv~nws fran what~v~r
source derivtd, each and every of whrch, il being expressiy unckrstood, is hereby mo~tgaged as if spetifiully Mf fOrth and dMtrib~d In NN pqntinp and ~
hsbendum clavses hereof, and such Receiver shall have all the broad and effective functa~s sod pow~n in anyvviu ~ntrwt~d by ~ Coun t9 ~ R~aiva. ~~d ~
s~ch appointment shall be made by such Court ss an admitted eq~ity and a rtwttN of absolute riyht fo s~id MORTGACsEE, ~nd without ~tfertnq fo tM
adequacy or inadequscy of the value of the p+operty matgaged w to the sowe~cy w insolve~cy of said MORiGAGOR or the d~f~ndants, ~nd that tuth
re~ra, profin, income, iuues and ~even?ces shall be applied"by such Receiver accwdirp to the lien or ~quity of said MORTGAGEE and th~ pr~ttiq of suth
Courf.
8. To duly: promptly and fully perform, dixhsrge, execute, effect, complete, complY with and abids by esth and ewry fM aHpubtiont~, apr~nts, i
cond~tioro and cover~snts in s.s~d promissory no~e and this mortgage ut forth. ' ~
9. That in the eveM the ownership of the mortgaged premiscs, or sey p~rt thereof, betomes wst~d 6~ a p~qo~ oth~? fhsn fh?MORTGAGOR, th~ ~
AtORTGAGEE, its successon and auigns, may, without notice to the lNORTGAOR, ded wilh such sutussor a~ N+tptta in iMerNt with nf~nr~ fo tha
morigage and the debl hereby secured in the same manner as with Mortgsgor without in ~ny way vitiatinp w diatharyinp fM Morfp~pOtf' li~bllify her?
~nder or upon the debt F?ereby secured. No sale o( ~he premises hereby mortgaged snd no fab~ar~ne~ on tF~s part of tM MORTGAGEE or Hs woonson
o~ assigns and no extension of the time fw the payment of the debt hereby secured yiven by the MORTGAGEE w ifs ~uctsssot~ o/ Wsi~M. slM~l op~r~f~
ro release, discharge, modify change w affect the orginal liabil~ty of the MORTGAGOR herein, eithe~ in whole ot in parf.
10. It is spec~fically agreed that time is of the essence of this contrsct and tMt no w~iwr of ~ny oblipH'an hpwnder or of th~ oblfy~tiOn N-
cured hereby sF~all at any time thereafter be held to be a waiver of the tetmt i~treof or of fhe instrumenf Ncur~d Mrby.
11. In add~tion to the forego:ng monthly paymems of print pal and interest required by the prom~story ~o~e secured hereby, motf~got cown~nlt ;
and agrees to pay to mortgagee with each monfhty payrnenf an addi~ional sum est~mated by mortgapee to b~ equ~l t0 1~14 of ths annual taat of th~ fotlow- ~
in~:
A-Atl real properry taxes levied or assessed against thc aboie deuribed real estsie.
B-Premiums on fire and windsto:m insurarce as here~n requ~red to be car~ied on the improvem~ntt sitval~ on fM ~bov~ dewib~d pranis~s.
' C-Premiums on such mwtgage guaranry insurar,ce as mortgagee shall from time to time deem fN fo urty on fM ban setu~ed har~by.
i Motfgagee shall from rime to time norify morrgagor in writing of the amount due and paysb!! Mreunder and ~uth wm shall thNwpOn b~ dW and ~
' Fayable on the due date of the next monthly payment and each successive month thereafter u~til mwtysges ahsll nofify mottg~got of a eh~rq~ in suth j
! aR:ount. Such sums shall be applied by mortgagee toward the payment of real property taxes, inwrance premiutru, ~nd morfyape pwrNllr inwr~nt~ f
t prerniums. ~ ~
! WITNE55 OF, the said MORTGAGOR has hereunto xt his hand and sesl the day and year fitst ~fuaaW.
~ . 3
~ iy an d i red in the presence of: i
• n ;
- y n s
- n ~
r ~
STATE OF FIORIDA ~ .
COUNTY OF St. LuCie
Befwe me personally appeared 1~'laurice R. SDllth
Shirley fi. Smlth his wife, to me well known snd known to n+e to b~ ~
the individuals desvibed in and who executed the fwegoing i~strument, and scknowledged beforo ms that thay ~xecuted the same for ths pwpos~s ~
rherein exp~essed. Md the sa'~ Shi='ley B. Smith
~,;fe of rhe ~~d Maurice R. Smith - oPo~, • s~...~e ,~d ~a~. ~
exam;nation by me taken separote and apart from her ssid husband, ackrawledged to and before me ihst ahe exatuted aid irotnrment fretly and volvrt ~
rar~iy and witFa~t ~ny compulsion, co~straint, appreh~nsion, feu of or from her said iwsband. '
WITNESS my hand and official seal this r~ S~ day of u St A. D. 19 67 ~
~ I
~ Notsry Public in and•for tM State of florida ~f lar~ '
~ My Coreunissioo ~:pira: f
Return Ta N0~ PI~I[, Stit! Of ~ti~i it ~if~2 ~
, .
~ Flnt Feder~l Savings 3 losn Associat~on ,~~y~ ~~masion Ex~res Scpt. 23, 1969
ma
~ Of Fort Pierce. = i.. ~e,esd ~r A...k+. f~n a GswYr Co_
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