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To plau ~nd contin~~ousiy k~p on 11+~ build~eg~ now o~ MreaftN s~tuat~ on iaid laed aed a~ ~II equiprrwnt ar?d pason~lly eove~~d by this enorlq•
ay~, w~th all pemwent ~he~~on pa~d ~n iult, tu~ insw~oe~ ~n tht uswl se~r,~a,d pol;ey fonn, ~n • iw~n appro~d by tM MOltIGAGEE. and wie+d~tonn
inswsne~ in tlw ~wal s~andard pol~ty tanti in ~ wen approvsd by rlw MpRTGAGEE; in weA eompany a eanpa~i~s u tM MORTGAGEE ~nsy f
dN~c~t u~d aN fin and windsarm inwrance policMS on any of said build~np~, ~ny iAtNltt fltftlN~ O~ pi~f f}y~10i, in tM ay~.pae~ ~wn ~fp~said a
1n ~aesa ihaeof, slwl! eon~ain rM usual s~u+d~rd morepa~ daua~ a sueh aFwr elws~ as tAe Mortpa~ m~y ~puir~. ena?inp ~M bss w~da sa~d po1i.
ciq, eath ae~d tvery. WYabl~ W s~id 1?tORiGAGEE ~s i~s intaesl may ~ppNr. and each aod •very wch polic~r sha11 p.anptl~ us:g~+ed .nd de+iversd ro
~r.y Mld by said MORTGAGEE a fwthar :ecuriry to said mo.~~a~ o~W, ~nd rw~ i~ss tMn ~en p0) days in ~dvanc~ of ~he ~xpi~~tion oi tach pol~cy, ro de.
I~vN ro sa~d MORTGAGEE a r~new~l thercof, top~ther with ~ recapt for ths pr~mium of such ren~wal; u?d than tiMll b~ e~o f~r~ w wind~~am inwraec~
plapd on ~ny of s~id buildinp~„ ~ny intertst tl~ere~n o~ ~ut thKwf. w+leu in th~ fore+'ar+al with tM bss payaFde is afw~s~id; ~nd in the ~wnt any twn
of ino+~tY becomq payaW~ w?der wch policy a polici~s said MpRTGAGfE shall 1+aw th~ optan ~o recsiw and apply tM sarn~ on ecc~wnt o~ +M w~d~bt~}
n~ss s.cw~d Iw~eby a a peimi~ N~d AAORTGAGORS ro rcceiv and vH i~ a any pa~~ ~he~eof tor o~i~e. purpose~, w~rho„t chx~b~ waiY~•*g or «apa:,.
+^Y ~~h?. lian or ~ght wid~a a by vbtw of this matp~pe: rnd in ~ht ~vem s~~d MORTGAGORS i1+aU fa ~ny rtason i~il to keep tM iaid p~~rnisc~ so
intur~d, w fail w dtliva ptonptlr any of uid polit~es of i+~wr~nu ro stid MORTGAGEE, p fail promptly b pay fully ~~r paemwm ther~fa a~ in a~ryr
r~ipect fai! b pKforn~, diuhsrg~~ e:ecu~~, ~fiM, compl~r~, compty wirh and ab~dt by eh~s covsnan?, a any put hereo;, ~a~d MORTGAGEE m+y plaa+ and
pay (a wd~ inwranc~ w any part shereof without w~Niry w ~ffactu+p ae+y option, lien, equiry, or right uncb? o~ by vinw of this Mortqp~. and th~
full amount of eacA and ~vsry wch paymau sha11 b~ ~mrned'utely dw and p~yabt~ ~nd sMu bea inares~ from rh~ dah thereof vn~il paid ae rA~ rar~ o!
niM Ptf CMtW+1 (JM aMlMll affd fOgltlllf with such interest sha11 bs secured by tM li~n of this mo~t~~pe. ~
To permif, oomeeut or wff~r no wu~~ h+p~&ment a dete.aration of ~aid p.operty or any put ther~of.
5. To p~y all sad sinp~~l~r the tosri, chu~s aed expenaes, ~ncludinp a reasonable sttwney's fee snd co~n of ~bstr~ds of tiNa. iocu~red o~ p+id at '
~ny tiehs by said MpRTGAGfE, beuus~ w in the ev~nt of the (silure on th~ pah of the uid MORTGAGOR to duty, p.ompHy and fully p~.fonn, d:acharg~ ~
rxecvte, ~ffect, complste. comply wi~h and ab:de by ~ach u+d every the sGpvktiona, agreema?ts, conditiona, ~nd cove~ann of aaid prom;ssury ~qt~ and ~hy
mO~t~f My OI lNthN. ~nd sa~d cosn. charga snd expenses, sach ~nd every. sAa11 b~ irnmed~atety dw and p~y~bk: whether or not there !~e ea~ici da ~
msnd, attempt to eotkcf pr sui~ pend;nq; and tl+e fu!! anww~t of exA uid ~very sucl~ p~ymMt sMll bes. inrcres~ from the date thereof unril paid a~ the ~
ra?e o/ ~ine p~r nntum pe~ a+rxim; and all s~id c6stt, chuges and expenses i~rcwred a paid, Iop~thar w~th wch inte~ast. sfiall b~ atcwed by th~ Iwn of Nuw ;
'r'°rt~a~• t
6~ 1'hat (aj in the event of any breach of this Mort~ayt w default on the part of t4e NtORTGAGOR, w(b) in the ~rent ~ny of sa~d sums of mor~y
~,e.ein refer~~d ro be not promptty u+d fully pa;d within thirty (3p) days nea~ ~ftea the same uvcrally becane due u~d payaW~. w~fhout demand or notice,
or in tM ev~nt each ~nd evcry th~ stipulationa, ~g.eernents. conditions and cove.w~rs of p~d p.omisswy note ~nd fh~s monpaQe any a N~her u~ na
iuly, promptly and fu11Y performed, d;scharged, eaecuted, eifectcd, comptered, compGed w~eh and sbcded ~iy, then in N~her a any such wem ~M said a~ ;
fregsb sum mN+tia~ed in s+id promiuay no~e ~hen ~emaininy unpald. with inte+es~ acuved, and atl moneys secwed hereby. shall becwnt dw and pap ~
able forthwitA, a the~eafta. a~ d+e opr;on o! sa~d MORTGAGEE. ss fully ~~d canpletely as if all of the ssid wms of money were wqinally ~Nputated
ro be pa~d on such day, anything ;n ss;d prpa;uory note or in this Mortg~ge to the contrary notwithstandin9; ~nd therevpen w thereaf~N a~ tM oprion of
said NWRTG/IGEE, wiUwot naKe w demand, wit st law or in squiry. fANl~OfQ OI tI1HNIIH ~llJWy rtNy b! Pt06lCVtld u if all moeeys sacvred herreby i
had matwed prw~ to its institution,
i
7. ih~~ in the evenr ~h~r ~he beg~nn;~g of w st any rime pending aoy wi1 upon thia Mong~ge, or ro foreclose it, or w refo.m iL or to enfwce ~
paymeM of sMr claims 1+e~eunde+, ssid NSORiGAGfE sh~tl appty to ~he Court having jvrisd:crion the~eo! for the appantme~r of a Reteiver, such Court shall
forrlivrirh ~oFwint a receive~ of said morr9aged prppe~ty ~II and iugvlu, incl~d~ng atl and singul~r the inceme. p~ofits, iswes and revenues fro~n whstever ;
wurce derived. esd~ and every of wh~ch, it beirg eapreasly understood. is hereby mwtgaged u if spec~(icalfy xf fath ~nd deauibed in tl+e yrantug and
habendwn da:rses hereof, and sucA Rcceiver sh~Il have sll the broad and ef(ecrive funu,on: and powcn in anywise entrusfed by ~ Cour1 to ~ Reuiver. ~nd
wch sppointment shalt be made by wch Cowt as an idmitted equity u?d a ma~te~ of absolure rgM ro s~id NIa7RTGAGEE, and wirhour refe.•ece ro tFN
adequicy a in+dequacy of the wlue of rhe properry mertyage~! a to the saver~cy a insolvency oi ~aid MpRTGAGOR or /he defendants, and thst wch
renu, proiin, incaae, iuues and revenues shaU b~ eppfied by such Recrver ~ccordu~ to the lien or.equity of said MORTGAGEE and the pradice of such
CouA.
8. To duF.•, piomptty ae,d fully perform. d~sch~rge. execvre, eifect, eomplete. c«r.ply wieh and abide by each~ and every the stipvlatioeq, igreements,
condiYqns and coven~~ts in sa~d promissory note and this mor~gage iet fath.
9. That in the event the ownership of the mortgsged prem;ses. or any part thereof. becomes vested in ~ perso~ o~her thsn the MORTCsAGOR, th~
MORTGAGEE, in successo~s and augns, msy, wi~houl nolice to ihe MORTGAOR, deal with svch successor w successor in ;nterest with reference to t)w
mwtg~ge and the deb~ FNxeby secured in the sarne manner as w~~h Morrgago. w~tFwvf in any way vituting or d~schargirg the Morigago.s• Iiability hen.
under or upon the debt hereby secwed. No sale of ihe Frcm~ses hercby morfgaged ~nd no forbearance on the part oF the MORTGAGEE or in successors
w auigr~s and no exrens+on of ?he time fo~ the paymen~ of the t~ebt Iweby setured given by ~he /,IIORTGAGEE or ih successors or ausgns, shall operal~
ro rekase, d~scMrge. mod~fy change or af(ect the o.g~nat lub~lity of ~he MORTGAf,OR herein, e~ther ;n whde a in put.
10. It is spec~fically ~greed th~r time is of the essence of this co~rracf and fhat no wsiver of sny oblgaYan hereunder or of the obl'gation se-
CL~lfI Fltft~y fhil~ af i1lty fi~H! fF~IYNNN b! hlld !O ~1! + WaivN OI tI~! ~e.ms hereof w of the instrument secured herby.
11. 1n add;t~on ro ~he fwego:ng monthly paYments of princ'pDl a~d interes~ required by the prom3uory note secured herebY. mortgsgor covenants
~ and sg~ees to pay ro mortgagce with each mw~ehly payment an add~rional sum est~mated by mortgagee to be equal to 1/12 of the annwl cost of the folbw-
ing: j
A-AI! real prop~rty taxes levied u assessed agai~st the above deuribed reat estate. ~
B-Prem~ums on fire and windstwm ~nswance as hcre~n requ:red to be carried on the improvements sitwte o~ the sbove dasuibed premises. ?
C-Premiums on wch morf9age gwr~nty insura.~ce as mortgsgee shall from t~me fo rime deem fit to urry on the loan secvred hereby, ~
Mortg+gee shatl from time to timr notify mortgayor in wriring of r!r_ amount due and payable herewider and such wm shall therevpa~ be due and
yayable on the due date of the next monthly paymem and exh successive mw~th t}~ereafter ur.til mortgagee shall notify mortgagor of a change in such =
amount. Such sums shall be ~pplied by mprtgsgee toward the payment of real propertY taxes, insurance prem:ums, snd mort9+9~ 9wr~h inwrance >
prcmiurtet.
;
IN WITNESS WHEREOf, the said MORTGAGOR hss hereunto xt his hand and seal the day ~nd year fint af id. i
-~a~ SS~I livered in the presence of: ~ / :
T , .i~' ~iL . i
~7] a
a~
i ness Rr nk R. Snith F
_~1J1A ~
Q.O~ '
~n.~~ ,,,~1 ~~n F
Witness Barbara P. Smith ~,n °
STATE OF FLORIDA ~
courm oF Duvai ~
defae me pe~son~lly ~ppearcd ~'a*+~' R Soith
• ,~a
~arh~ra D._C,~ith,~ his wife, to me weU known ~nd kncwn to rne to bs
t?~e indi~ndwb descr~ed in snd who execu~ed the foregoing instrument, and acknowtedged befwe me that they executed the same fw the purposes
rr~.~M ~xp.~„Qa. s~.,~a Barbara p. Smith
W~?~ o? „d _ F=ank R Smith `
by me tak.en vPa? a sep~rata Md p?ivat~
exam"~tan separate and apart from her said husbsnd, adcnowiedged ro and bef that she executed aaid instru~t,{~~ ~ r,p~.
rorily and withovt aryr eomputsion, eonstr~int, apprehens.wn, r f f or from hN said hui ' '~.i
~.:,e .
WITNESS my hand and off'K;al tea! thi ~ l ~y of i: t~''+~t
_
/
/ Pv ic in ano ! r 1 e~tatQ ori ,~f.,,,~ -
Retum Ta / MY Camnission expires: . ! .
Fvsf Fe~dsral Sivinps ~ lwn Association ' . f _ ' '
Of Fort P~erce. , 1~~= • i:
Fon P~e.c OEO , -c .
F«EO ~r,o F~.A. ,,c~,~ ,~yo ~ _
S7. l.I.CIE COU, ~ .
s7r. ^R:~^ =~~^}r~~Q~ ~~~7/ •
. L. . . _ a ~
1630'72 ~ .
~S? ^~"t, 29 ~ ~ 9 : ~4
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c~eRK c~~cu~ ~ cou~ ~ ° RK 1~9 ~~~~2394
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