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HomeMy WebLinkAbout0700 . _ ~ t ~ y To plao~ and aonWwiovaty kNp on th~ beildinp~ now a Mr~aft~r ~1tw» on ~aid land snd on all eq~rip+,~+t ~nd p~on~lly wva~d by this maq~ p~, with dl prantw+a t1+Kwn paid tn fvlb fL~ inw~+nc~ tn th~ uswl st~dard policy form, in ~ wm ~pprov~d bY tFw MORTGAGEE. and windstarT irawae~u in tM uiwl sundard pd~? fern~, in • wm app~owd by rM MORTGAGEE. In wch company w compani~s a tM MORTGAGEE m+y dk~dj ad all fin snd wind~arm irauwnce polkiti on enp of wid bvild~np~, any InMnst t1+K~in a put tMrwf, in tM ayprp~t~ wm ~fae~aid o? In ~xass thenof, tAall cont~in tM ~w+l standard e+onp+p« d+~ or u+d+ alwr clws~ a tM AAat~~ m+y nquwa m+klrg tFk los~ uodu s+id pd} ci~. ~adi and ~very. P+Y+bI~ w aid MORTGAGEE u its int~rat may appar. and e~ch aod ~vM? such Po1icY d++ll bt promptly +ss:pned ~+d deltver~d to any Mld by said MORiGAGEE u fwther securiry ro s+td mortpa~ d~W. aod. not I~ss tlwn t~n (10) days in advana of th~ expiratian of Hch polky. to da liv~? to ~aid MORiGACsEE a r~nsw~l tF~~of, top~tl+N witA ~ ~~aip1 fa th~ pnmivm of wd~ ~eMwalj aad tlwr~ iMli be oo fin w windstam inwr~nu pl~ad on ~ny of said buildnps. ~ny interat tMr~in a put tMnof. unlta in tM fo?m a~d with tM loss payabl~ as ~fw~s+W~ and in th~ ~vMt any wm of mon~y bec~onws parabl~ w~dK wch polky w policies sak! MORiG/?GeE ih+ll Mw fM. oplion ro roceiw ~nd ~pply tM suM on accamt of th~ ind~bted~ nKS secvhd hu~by a a psrmit aid MORiGAGORS to restiw aed uw N a any p~t thereof fw othe~ purpotes, without IberQb~ waivinp or impair- inp any puity, IiM or ripht widn a by vir~w of tnis mortpapes a+d in tM ~veot said MORTGAGORS sMfl fa aM? r~ason f~il to ke~p tM s+id pnmisa w biwnd, a f~il b d~livar promptly ~r?y of said policia of inwr~na to sald MORTGAGEE. a fail pranptly to pay fvfty ~ny premivm ther~tot p in an~ r~sp~e~ f~il w pMfonn, disehary~. ~:sa+t~, ~ffeet. eompl~t~. oomply with and ~Wd~ by this oownant. a ~ny part her~of, ~aid MORTGAGEE e?wy ptaa ~nd pay for wd~ Gawana o~ ~ny put tlw~of without waivi~p or ~ff~ctinp any op~ion, li~n. eWub, w rtpht undK or b~ vir~w of this Morf9a~e. and tM full amovnt of sad? ~nd w~ry such paynw~t shall b~ imned'whly dw ud pay~bls and sh~ll bear intKat from tlw dat~ the~eof until paid at th~ rat~ of nir~ pa umwn pK anrwm and topether with svch intere~~ shail b~ secund by tM lien of Mis mat~~ps. 4. To ps?mit, aanmit or wffu no wat~, imairmeot a detKiontion of said propKty w~ry? p+rt tMrwf• S. To pay ~II and ~inpul~r tM ooafs cMrpes aod ~aperw~, tndudu~p a ~~aaonabh attorney's he and oosn of abstncts of titl~, inewred w p+id ~t eny tims by saW MORTGAGfE, Mtaus~ ot in tM ~wt~t of tM hilun on the parl of iM said MORTGAGOR to duly. ~o~~y a~d f~~y ~«m, d'ac~~ •xecut~, ~ifsct. oompbtt con+ply with and ab~d~ by ~ach and ewry the stipubtions, ~greernents. cooditiom, uid eovenints of wid praniswry note and thb - mwt~ any a ei~her. and s+id cos1~, clwyes a~d ~xpa+fes. each and wery, sMll b~ immediately dw and payaW~: whether or not rhere b~ ra?ic~ d~ mand, att~+npt to oolkn or wit pendinp: ~nd the full xnount of sach snd every such payment sh~ll bea~ interest frwe tM dats tFiereof unNl paid at Na raee of nin~ per_osntum per annum; and all said eosn, dwp~s and expe~ses i~cwr~d or paW, topetlwr with such intar«t, sMll ba s~cwed by th~ liee of thif 6. That W in th~ w~nt of any brsach of this Mortyspe or default o~ th~ part of the N10RTGAGOR, or (b) in tM event any of said wms of mo~ey herein nfared to bs nof promptly snd fully paid within thirty (30) days next after tM same sever~lly becon+e due a~d payable. without dtm+nd or notia. w W tn ths event each u~d every the stipvlatioer, apnemsnM, cadit~an and coven~nts of sa~d promissory note and tlw matpsy~ any or either ~r~ no1 iuly, promptly and fv11y petiwmad, discl.~rped, execut~d, ~ffect~d, oompl~hd, cary>lied with ~ad ab'~ded by, tMn in athe~ w any s~ch wsnt ths ~aid p~ pregsb swn mentior+ed in said praniuory note.llwn r~ininp unpaid, with interest ~arued, and all ma~syi secured Fwrsby, tMll become dw x+d pay~ able forthwith, a thereshe~. ~t the option of s~id MORTGAGEE, as fvlly snd compktcly ss ii all of the said wms of money were orip"uully stipul~ted to be paid on such day. anythinp in s+id pranissory noro a in this N1ort~a~e to the contrsry notwiths~andinp: ~nd therevpon a thereaher at tM option of •aid MORiGAGEE, without notice w demsnd, wit at I~w or in puity, tMr~foro or thereaher be9un, may be prosecuted a if all moneys wcvnd I~ueby had malwed preor to iri institution. 7. That in ths evee~t N+at at th~ begi++~+irg of or ~t any tim~ pendirg any wit upon tha Mortgage, or to fwedoa~ N, o? fo rofam it, or to enforc~ payment of u~y daims tx~eunder, ssid MORTGAGEE shsll apply to tFw Court hsviny jurisd3ction thereof fw the appointment of a Receiver. wcfi Coun iMll forthwith appoiM a roceiver of said mortpay~d propwty all and sirgvlar, k+dud~ng atl and singulu the income, profits, iasues and nver+ues from what~wr souru derived. each ~+d every of which, it bei~g expreuly underuood, a hereby mwtgsged u if spec'rfically set iorth and desuibed in tM Qrantinp and habaedwn dauses hereof, u~d such Receiwr shall have ~II the bosd and effective fvndaro s~d powcrs in anywise entrusted by ~ Co~rt to a Receiwr, and •uch sppointment shall be msde by such Court u an admitted eqvity and s m+tter of absdute right to aid MORTGAC,EE, a~d witFaut refere~oe to tM adeq~xy or inadequscy of the valw of the prope~ty matys~ed w ro the soNency or inso~vency of said MORTGAGOR or the defenda~ts, and that wd~ rents, profits, incane, issues and revenues sMll b~ spplisd by suth Receiver accordin~ to the lien w aquiry of said MORTGAGEE and the practip of such Cowt. 8. To duly. P.o~ry «,d fi,~y P..iwm, ~sct~srye, execute. ~ffect, compkte, comply with snd abide by each and ~wni th~ stip~latio~n„ apnem~e?b, conditio~s and ooven~na in said promiuory rate snd tlw mortsag~ set forth. 9. That in the evem the ~ownenhip of the mort9+yed Premises. o~ any part thereof, becomes vested in ~ perwn other thsn th~ MORTGAGOR, th~ t MORTGAGfE, its wcuuws and assigia, maY, without nwice to the 1MORTGAOR, ~eal with such wccessor or suaessor in interest with reference ro this mort9sye and the dcbt hereby secured in the same ma~ as with Mortgagw withovt in +e?y way vitiarirg ot dischargirg the Mwt9agors' liability Iwn- under a upon the debt hereby secured. No ssle of the prem~ses hereby rtartysged +nd no fwbearance on the part of the NIORTGAGEE or Fn suaeswn w auige~s and no extensan of tF+e time fw the paymem of the debt hereby secured piva~ by the MORTGAGEf w its sucussors or ~ssiyra„ shall operat~ ro rele~se, discharye, modify ch~nge o~ affed the wiginal liability of tlw MORTGAGOR herein, either in whole or in put. 10. It is spec~fically agreed that Yun~ a of ths euence of this contract and thsl no waiver of any oblgat7on Mreunder or of tM obliyation sr cured hersby shalt ar any time thereafier be held w be s waiver of t1» terms hereof or of the instrumeM tecvred haby. In add~tion to the fwego:ng monthly payments of princ'psl and interest required by the promissory note secured hereby, mortgagor and agrees to ~rt sgee with.each rpoathty payment an addirionsl sum estimated by mortgagee to be equal ro 1/12 of o the follow- , A-All real property taaes kvied or assessed aga~ described r . ~ B-Premivms on (i~e and windstorm insurance as herein r ' urr ' ovemenb sitwte on the sbove desaibed premise~. ~ C-Premiums on wch mort9age 9wranry ' e as mortgsgee shsll from time to time deem d the los~ secured hereby. ~ Mortgsgee shall from time t notify mortgayor in writug of the amount due and payable hereunder snd such w eupon be due and ~ payable on the due da next monthly payment and each s~ccessive month thereaher until. mortgayee shall ~otify mortgagw o a in such ~ amount. • shall be applied by mortgsgee toward the payment of real property tsxes, iiuurance prem:ums, and mortgage guara~fy i ~wra. ~ ~ IN WITNE55 REOF, the said MORTGAGOR h+s hereunto set Fiu hand snd seal the day and fi sfw~aid ~ ~ ' n ~ ~ n..n i ~ ~ STATE OF FLORIDA 1 ~ courrnr oF St. Lucie ~ esfore me p~~wrwlly sppeued JOhsl F. Smitt?s A Sinale Adult •w~ •Iw wifw to me well known and known to me to b~ the individwly davibed in and who ~xewted the foreyoin~ instruenent, and ackrawledped beforo me that tlyy executed the same for ths purpows thereh txpressed. t4w~M+~ ~ . !1@ ~?i~V'V~~70R' r~` ~ ~auyy~ . T~ OwM~IifIMNr? ~ wl~ ~lIIM~pSMM~~ ~ii1~ if~rM1 ~1M ~Ni~ ~IMM~ ~d9A1~ b~j ~EYt~ N ZINt.ib` ~iiqli~~ fi1d.~ONLW10ldJfR~Y. ~ydYf~ 'TR?~1~ 1Hk~RJOra11!' ~11~l~011~lC~Il1?I~f1~1~l~RAIOlr r 'AO'~ •Q' ~fMR ~1!? f~1~1~lb11+P . - . ' wrrNess my h.~a .~a ~r~ ~.i - d.y J~ ~i: _r~ y _ ,``,~\\\III1111~/11 ~'yF~ ~ 1 ~ j Public and for tFN Stat~ of ~~IorR{~i~ M~L~r~ i My Commission ~xpires: ~ - - i ~ Retvm Ta. p 'pND CO E • , ' , fuu F.d...i s.~~ a~~,r;~+ FIIE UN . p' t10TMY POBI.IC. itATE Of FLQ8~DA ~ _ ST. LUCIE, Of FoA P~erce. ~E~.O V~RIFIED MY COMMISSION EXPIRES (~Y. 197~ •~/,t.. ~ RD apNDEO 711ROU6M FR O ~/E1iTELNOR~ : C, ,f- ~ ~ . ~ P~.a. F~.;~~ 1'73~2 11 •a~-~j ~ , Q ri;:. 9 AN 10 : 51 ~ ~ -;,;,;s;'' ~ ~9 JAN ~ . . _ _ , This Instrument Prepared y ~f i ~ Firat Federal Savings b Loan Aasociation %J 17RAS j - of Fort Pierce ROGER p~ ~ J. D. Chast~iC~RK CIRC~~? ~OUR7° Chedced By ~ ` ~ ~ ~ , ~ ~ ~ ^ _ ~ ~ - ~ . - ~ . ~ ~ . `~s m-.. s ~ b _ . _ ~ a 4~ i`... 3'~iFse'.~+r1~4 .