The URL can be used to link to this page

Home My WebLink About26063. To place and contintrwsly keep on tM buildings rtow a hereafter situ+N on said land and on all puipment and personally covered by this r..ortg• age, with all premiums thereon paid in ful6 fIn insurance in tM uwal standard policy form. in a wm approved by the MORTGAGEE, and wir+~torm inuwana in the usual standard policy forrq iA a sum approved by tM MORTGAGEE, in such company Or companies as tM MORTGAGEE may diredr and all fin and windstorm inswana polkies on any of ad bvildnnsps„ any interest therein or part thereof, in tM aggregate wm aforesaid a In excess thersoi, sMl1 contain the uswl standard mortgagee louse or such other clause as tM MortgagN may require, n-aking the loss order said po14~ ties, each and every, payable ro aid MORTGAGEE as iri interest may appear. and ead- and awry such policy atoll be promptly assigned and delivered to any MW by aid MORTGAGEE as further secwity to said mortgage debt. and. not Itss than ten (10) days In advance of the expiration of Nth policy, ro d~- liver maid MORTGAGEE • rentwal thereof, together with • receipt for tlw premium of such rentwalr and there shall be no fire a windstorm fnsurantu placed on any of aid buildings, srry interest therein a put thereof, txtless in tM form and with tM loss payable as aforaaids and in the corm any sum of money baoomes payable under such poliq a policies ad MORTGAGEE shall haw the option to raceiw and apply the same on account of the indebted- _ _ mass setwed hueby a ro permit aid MORTGAGORS ro rettiw and use it or any put thereof for other purposes, without thereby waivi~y a impair- ing any equity, lien or right under or by virtw of this mortgagaJ and b tM event aid MORTGAGORS shall fat any reason fail ro keep the aid premises w Insured, a fail ro deliver promptly any of aid policies of insrsranu ro aid MORTGAGEE, err fail promptly ro pay fully any premium therefor a in anY respect fail ro perform, discharge, execute, effect, complete, comply with and abide by this covenant, a any parr hueof, aid MORTGAGEE may play and pay fa such inswance or any part thereof without watering or affecting arty option, lien, equity, or right under rx by virtw of this Mortgage, and the full amount of each and awry such payment shall be inrvMdia»ly dw and payable and shall bNr interest from tM date thereof until paid at the ra» of nine par csntum per smum and together with such interest shall be secured by the I'~ert of this mortgage. ~. To permit, commit a suffer no was», impairment or deterioration of aid property or any part thereof. S. To pay all and singular tM costs, charges and expenses, including a reasonable attorney i fee erect costs of abstracts of title, incurred a paid at any time by aid MORTGAGEE, becwsa or in tM event of tF-e failure on the part of 1M aid MORTGAGOR ro duly, promptly and fully perform, discharge; execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions, and covenants of aid promissory note and this mortgage any a eitMr, and aid costs, charges and expenas, each and every, shall be immediately due and payable: whether a not there be notice de• mend, attempt ro collect a wit pending; and the full amount of each and every such payment shall bear interest from IM date thereof until paid at the rate of nine per centum pu amtum; and ell aid costs, charges and expenas inwrred a paid, togethu with such interest, shall be secured by tM tan of this ~alM tS. TMt (a) in the evert of any breach of this Mortgage a default on the part of the MORTGAGOR, or (b) in the evert any of aW sums of money herein referred ro be ref promptly and fully paid within thirty (30) days next after the same avaally become due and payable, without demand or notice, or (c) in the corm each and every the stipulations, agreements, conditions and covenants of aid promissory note and this mortgage any a eitfnu are not ~vly, promptly and fully performed, discharged, executed, effected, completed, complied with and abided 5y, then in either or any such evert the aid ag• grega» sum menYaned in said promissory note then remaining unpaid, with interest accrued, and all moneys secwed hereby, shall become dw and pay- able forthwith, or therNfter, d the option of aid MORTGAGEE, ss fully and completely as if all of the aid wms of money were. orpinally stipulated to be paid on such day, anything in said promissory note or in the Mortgage ro the contrary notwithstanding; and thereupas or thereafter at the option of said MORTGAGEE, without notice or demand, wit at law or in putty, thuefore or thereafter begun, may be prosecuted as if all moneys seared hereby had matured prior to its institution. 7. That in the event that at the beginning of a at any time pending any wit upon this Mortgage, or ro foreclose it, or ro reform it, or ro enforce payment of any claims hereunder, aid MORTGAGEE shall apply to the Court having jurisdiction thereof far the appointment of a Receiver, such Court shall forthwith appoint a receiver of aid mortgaged property all and singular, including all and singular the income, profits, issues and revenues from whatever source derived, each and every of which, it being expressly understood, is hereby mortgaged as if specifically set forth and described in the granting and haberxhsm clauses hereof, and such Receiver sMll haw all the broad and effective functions and powers in anywise entrusted by a Court to a Receiver, and such appointment shall be made by such Court as an admitted equity end a matter of absolute right ro aid MORTGAGEE, and without reference ro the adequacy or inadequacy of the value of the property mortgaged or to the solvency a insolvency of aid MORTGAGOR or the defendants, and that such rents, profits, income, issues and revenues shall be applied by such Receiver according to the lien or putty of said MORTGAGEE and the practice of such Court. 8. To duty, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants in aid promiuory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, a any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, ib successors and assigro, may, without ratite fo the MORTGAOR, deal with such successor or successor in interest with reference to this mortgage and the debt hereby secured in the same manner ss with Mortgagor without in any way vitistirg or discl-arging the Mortgagors' liability here- under orupon the debt hereby secured. No :ale of the premises hereby mortgaged and ra forbearance on the part of the MORTGAGEE a its successon or assgns and no extension of the time fa the payment of the debt hereby secured given by the MORTGAGEE or its successors or assigns, shall operate to release, discharge, modify change or affect the original liability of the MORTGAGOR here'nn, eithu in whole or in put. 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligation Ixrevnder a of the obligaYan se- cured hueby shalt at any time thereafter be heW to be a waiver of the terms hereof or of the instrument secured herby. 11. In addition ro the foregoing monthly payments of princ'pal and interest rpuired by the promissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an additional sum estimated by mortgagee to be port ro 1/12 of the annual cost of the folbw- ing: A-All real property taxes levied a assessed against the above desuibed real estate. B-Premiums on f've and windstorm insurance as herein required to be carried on the improvements sitwte on the above described premises. C-Premiums on such mortgage guaranty inwrance as mortgagee shall from time to time deem fit to carry on the ban secured hereby. Mortgagee shall from time to time notify mortgagor in writing of tfie amount due and payable hereunder ands shall thereupon be dw and payable on the dw date of the next monthly payment arsd each successive month thereafter until mortg fl~ gagbr of s change in such amount. Such wms shall be applied by mortgagee toward the payment of real property taxes, inwrance morsgage gwranty insurance premiums. IN WITNESS WHEREOF, the aid MORTGAGOR has hereunto at his hand and seal the day and fist aforeaid. , Sealed a del' in presence of: s n aq STATE OF FLORIDA ST a LUCIE ~' COUNTY OF eefon me II Donald N. Smith artd lAra " • "a t his wife, to me well known and krawn to me to be the irtdividwb described in end who executed the for°~°~ instrument, and acknowledged before me that they executed the same for the purposes therein expressed. And the ai' +-~~a J• SIDlth wife of the aid Donald N. faith upon a separate and private examination by me taken separate and apaA from her aid husband, adcrtowledged to and before me that she executed said instrument freely and volurr rarity and without any compulsion, corntraint, sppreheroionl.,pr feu of or from her aid husband. WITNESS my hand and official seal this ~~~ v`~~` day of-~~~pt@~@! ,,, , A. D. i9 69 Return To: First Federal Savings 3 loan Association Of Fort Pierce. fort Pierce, Fbrida This Instrument Prepared By John First Federal Savings do loan Association ' of Fort Pierce , Florida N1. -~ Checked By ~ ~T4 ~~~' .. NHiss~s,::'~~ t:"':: -. in arm fir the S to of Florida at n expires: ~_ ~~ / ? 7~ ~~• i~~56k, State of Florida at Lame ~M fdtili:ifiifgll E>s~s Aug DED w.w g~~fii itiY~lls~~ ST. LUCIE COUN ~t. ~-A' i~E CCRn t ,-Rt..Ed 1835 '69 SEP 15 AM 19 : I ~ `'~ r ~~~ FiQCr ~ ='~dITRMS CLERK CIRCUIT CAURT ~; BooK 179 ~+~2604 - ~ _ Notary . My Co