The URL can be used to link to this page

Home My WebLink About1944 3. To plaa a~d contin~ouily ksep on th~ bu~idiny~ now w Mre~ft~r ~itu~ta on iaid land and on all equ~pme~t +nd penonally covered by this mwt~ ag~, with all premiums thereon p~~d i~ fut~. iir~ insu~+nc~ in tM uswl ttandud poticy focm, in a s~m approved by ths MORiGAGEE, and windstorm insunnc~ in the uswl ~~andard po~iq fam, in a sum ~pproved by tbe MORTGAGEE, in such company or compa~ias a tM MORTGAGEE m~y direct; and +II fire aad windstorm insur~nc~ polici~i a+ any of iaid buitdinpa, any interost tF+e~ein or pa.1 thcreoi, in the aggreyate wm ~faeaid w ; In ~xcess thereof, sMll contai~ the uiwl itandard mw~y+~e~ claus~ or tuch otF?K clavse ai ~M Mort9agee may requin. makin~ ~he ioss under sa~d po1F i cies, each and eve?y, p+yable ro s+id MORTGAGEE ~f its i~le~eil may ~ppe+r. +nd each and every s~ch policy ihall be promptty au.p~ed and detive~ed ~o ! any l:~W by said MORiGAGEE ss further iecurity to s+id mort9sfle debt, and, not Isss than ten (10) days in advance oi tht expiration o1 each policy, to da ~ tiver to said MORTGAGEE a renewal thtrwf, toysti?K with a receip~ for the pn+nium ot wch renewal; and there shall be no fire or windstorm insur~nce placed on ~ny of taid buildi~gs, sny intcrest tMrein or part thereof, unleu in tM fwm and with tM !ou payable as alwessid; snd in the evant a~y sum of money beco~+es paY+ble unde~ such policy a policiss s+~d MORTGAGEE ahall have the opt~on to ~eceive and apply the same on xcouM oi ths indebted~ ness ~et~red haeby w M pcrmit said MORTGAGORS to rtteiw ~nd us0 il O/ any part thereof for other purposes, wi~hout ~h:reb~ waivi~ig or ~mpair- irq any equ;ty, liee w right under w by virwe of this mo::yaget +nd in tM event wid MORTGAGORS shall fw any reason fail to keep the said premius so insured, w fail b deliver promptly ~ny of said polities of i~sura~c~ ro said MORTGAGEE, w fail promptly to psy fully any p.e~r.ium therefw a in any respect fail ro pt~fam, dixharye, execute, effect, comptets, comply with s~?d abide by thii covenan~, a ~oy part hereof, said MORTGAGEE may p~ace ~~d paY fw ~uch insurance w ~ny part tF?ereof without waivinp or ~ffectinp any option, iian, aquity, or r~gM unda w by vhtw of ~his Matgaye. and the full amo~nt of eacA and every iuch p~yma+t shal! be imn+cdiately dw and payabls and shall besr interest from ths date tfiercof u~til paid at tM rate ol nine pe~ :entum per annum and together with tuth inter~st sMll be xcured by the lien of thi~ mwtgsge. J. To permit, commit w suffet no wsste. impairment or deteriwation of uid prop~rty w any part thereof. i S. To pay sll ~od sinyvl~r the cosri, cMrges ~nd expenses, ioclvding a rcasuwble atlwney's fee snd costs of abstracts of litle, incurred w paid at ~ any fime by said MORTGAGEE, becavse a ie? the event of the failure on 1hs parl of Ihe ssid MORTGAGOR to duly, prompNy and fully perform, d~schargR ~ execute, efied, complete, comply w~th and ab;de by exh snd every the stipvlanons, agreemenrs, ca+d~tions, and covena~rs of said promissory noro and ~his F mor?gage any or ei~her. snd iaid costs, ch~rges and e:penses. each and every, shall b~ immeoiatrly dve and payable: whether a not there be notice de~ mand, attempt to collect a suit pe~ding; snd the full amovM of esch and erery wch paymeM ihall bear interest from the date thereof until paid ~t Ihe rate of nine per ce~tum per an~wm; and all said msts, tharges and eapenses incurred w paid. ~ogether w~th suth interesl, shall be sctured by the lien of this mor~9+~e• 6. That (s) in the event of any breach of ihis Matgaye w defsult w+ the part oi the MORTGAGOR, or (b) in the event any ot ss~d sums of money herein referred to be not promptly and (~Ily paid within thirty (30) days next afrer tke same severally become due +nd payable, withou! demand a notice, or (c] in the event esch and every the stipulatia?s, sgreerrKnts, caxlitions and covenants of sa+d promissory note and th~s mortgzge any o~ either are no1 ~uly, prompNy and fully performed, d~scF+arged, ~xecWed, effetted, completed, complied w~th and abided by, then i~ either a any such event the said a¢ gregate wm mentaned in iaid promissory note then remaining unpaid, with imerest acuued, and all maieys setured hereby, shsll become due and pay- ~ able forthwith, a tFxreafte~, +t the option of said 1VICRTGAGEE, as fully and compkrely as if all of ehe said sums of money were wiginally stipulated to be p+~id a? such day, anything i~ sa~d praniuory note w in this Mortya9e to the contrary notwithstanding; and ~hereupon or thereafter at the option of 3aid MORTGAGEE, without notice or dernand, suit af law w in equity, therefore or thereaher begun, may be protec~ted as if all mwrcys secured hereby had rt?atured priw to its institution. 7. That in the eveM that at the beginning of or at any time pending any suit ~pon this Morigage, w to faeclosa i*, w To reform t1, w to enforce payment of any claims hercunder, said MORTGAGEE shall spply to the Covrt havi~g jurisd~ction the~eof for the appo~~tment of a Receiver, wch Co~rt shall fwthwith appoiM a receiver of said mortyaged prope~:y all and sirqutar, includ~ng all and singular the income, profits, issues and re~ues from whatever wurce derived, each and every of which, it being expressly understood, is hereby matgaged as if spec:fically set fath and dexribed in the ~raotiny and habendum tlavses hereof, and such Receiver shall Mve all the b?oss! and effective furxno~s and powcrs in anywise entrusted by a Cou~1 to a Receiver, and ~ such sppointment shall be made by such Govrt u an admitted eq~ity and a rt+atter of absolute ~ight to said MORTGAGEE, and witFwut refertrte to the edequacy a inadeq~acy of the value of the property mortgaged o~ to the whrency w insolverxy of iaid MORTGAGOR w the defer.dants, and that such ; renrs, profits, income, iuvrs and revenues sh~ll be applied by such Receiver accordi~g to the lien or equity of said MORTGAGEE and the practice of such Courf. 8. To duly, promptly and fully pe~form, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, ag~eemeMS, ~ c~ndiYans and covenants in said promissay ra~e and this mortgage set fath. ! 9. Thst in the event the ownenhip of the mwtgaged pren+ises, a any part thereof, becomes vested in a person other ihsn the MORTGAGOR, tM i MORTGAGEE, i» successors and augns, rt~sy, without notice to t!x MORTGAOR, deal with such successor o~ successor in interest with reference to thia mortgage and the debt hereby secured in the same mannet as with Mortgagor withovt in a~y way .vitiating or distKarging the Mwtgagoii lisbility here- under o~ upon tFx debt hereby secured. No sale of ~he premixs hereby mortgaged and no forbearance on the paN of the MORiGAGEE or its successors or auigns and no extension of the time fa the payment of the debt hereby secured given by tix lN0~2TGAGE~ u its succeuas or ~u~gns, shall operate to release, dixha~ge, modify tharge w affect the original liab~l~ty of the MARTt3AGOR herein, either in whole w in part. 10. It is specifica~ly ag~eed that time is of the essence of tbis contrad and that no w~iver of any obG9atwn hereunder w of fhe obligation se- ~ cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. ~ 11_ In arJd~tion to the forego:ng monthly payments of printpal and interest required by the prom~ssory no~e secured hereby, mortgagor tovenants and agrees to pay to mor?gagee with each monthly payment an add~rional sum est2rr.ated by mwtgagee to be equal to 1 j 12 of the annual cost of the follow- ing: A-All real Exope.ty taxes levied w assessed agai~xst the above described real estate. B-Premiums on iire and windstorm insurance as herein requ~red to be ca~ried o~ the improveme~ts situate on the above described premises. C-Premivr-s on such mortgage guaranty insurance as mortgsgee shall from time to time deem fit to carry on the ban setured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder ar?d such sum shall thereupon be dve and ! payaWe on the due date of ~he next monthly payment and each successive momh thereaher ur.til mortgagee shall notify mortgagw of a change in sucF~ ~ amount. Such sums sF.atl be applied by mortgagee toward the payment of ~eal property taxes, irtsu?ance prem:ums, and rtwrt~e guaranty i rence E premiums. i E IN WITNE55 WHEREOf, the said MO AGOR has hereunto set his hand and seal the day and year fint aforesaid. i ~ $ig Se led s eliver i ptesente of: - , _ ~ a~ ! ~ ~ ~ ~ ° ~ ~ STATE OF FIORIDA ~ S? . UJCIE COUNTY OF ~ Before me perwnally appearcd Calvin I. Smith, Sr. ~ Gwendolyn .T. SIDlth his wife, to me well known snd know~ to me to M ~ the individwls described in and who executed the fweyoirg instrument, and ackrawtedged before me that they exccuted the same for the q+rpoaes ~ r~«~~ e,~,~d. A„d tt,e ,,;d Gwendolyn J. Saith wife of the'ssid ~1V1I1 I. $~lt~l~ Sr. ~pon a sepirste ~nd privat~ E examinatiw~ by me taken separsie snd apart from her said husband, adcnowledged to s~d bafwe me that she executed said instrument freely snd volun- rarily and withovt sny compulsion, constraint, appreF~er~sion, or eu of or irom her said husband. ~ WITNESS my hand and official sesl thi day of March q, D. 19 7O 3 ~ t f~ ~~~-if~ - _ , ~ Notary Pubiic in and fw the State of Fbrida at I.~rpe - Alt~r Comrn~uion ~xpires: ~ Retum To: • ~`:~`~~~ii~~Nt~~~i~' ~ARf PIIgLI~`? aTATE QF' Fint Feder~l a~Ftort Pterloan Aswciation ~``~,~~E~w'~"`;.~~^!l~',~~MM~ISSt~ Ej(P~RE$ $ p~ ~~~73 ` .f ~ Fort Pierce. Flaida ~ ~ '`Q:'V ~ ~y ' • r ~ Q~~ N R Qc . . ~''~r o: e . ,~L~G~... Q!~ ~ ~ ~ ~ 1n3.,"f. ~ i'ir.;; ~ ~ - ~ r~ f,~:~s~::_t-= ST. WCIE COUNTY: ~ r j R~CQR~~~~~ w. ~Y^ • 'Q.~ ~ This Instrument Prepared By ' Jo~ ~ . ~ • ~ Q-.-. ~ First Federal Savings 8~ loan Association '~~~~;=.~:,,.~:y;..,'1~G~: ~ ~ of Fort Pierce, Florida "~,,~!~~j.''',~i ~TO ~ 23 PM Z• 9 ~ , S ~ . ~ ~~~~:N~11lN?~~~ ` . ~ Checked By ~ . . - c~' ~ I ~,q~ ROGER-PO11~AS ' ~f f ° R~~3 P~~1 CLERK CIRCUIT COUt~ ~ BOOK ~ ~ ~ 3- ~ ~ , _ - - ~ ti, = ~ x~. v _ , _ t ~ _..s~. ~ 5 _ ~ _ , v. . _ _ r.._.. r