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Home My WebLink About0783 ~ R r ~ 3. To plsct a~d continuovsly kcep on the bui:dings now or hereaft~r ~ituate on said ~and snd on all equipment and perso~ally covered by this mwtg- sge, wi?h •II premiurnt Ihe~con pald in iull, fire insuranc~ in the uswl tta~xlard po~~ty form, in a sum aF~xoved by the MOR(GAGEE, a~~d windsto~m ~nsur~ncs in Ihe ~sval i~anda.d pol~cy fam, in • sum ~pproved by the MORTGAGEE, in iuch company w companies as the MORiGAGEE may d~rett; and al) fira and windsto~m insur~nte polici~~ on ~ny of said bvild~nps, any interest tFurein or pul thereoi, in the aggrrgate sum •fwet+id or in excess thereof, tMll conuin tM uswl itandard mortgaga~ claus~ or tuch other clavse as the Mwtpagee may requ~re, ma?ing the los~ unde~ ta~d poli- c~es, each and ~very, payabk ro said MORTGAGEE as itt imerasl may appw, and each and e~ery such pol~cy shall be promptly ass g~ed and deiivered to ~ny held by said MORTGAGEE as furiher srcurity to uid mor~~ag~ debt, and, not leas than ten (10) days in ad~a~xe of the expirotion of each pol~cy, to de~ I~ve~ to taid AtORTGAGEE a renewal the~wf, topetF?K with a receipt fa the premium of such renewal; and thers shatl be no i«e oi windslor~n insurancs pixed on any of said buildings, any intereit the~ein or pa~~ ihereof, unleu in ihe form and wi~h ~FN loss payable as aforew~J; and in the event any sum of monay becomes payaWa under such poGcy w po~iues w~d MORTGAGEE shall Mve ~he op~~on to rcce~ve and apply the same on account of the indabted- ~ess ucured hereby O? to permil said MORiGAGORS to reteiw ~nd us~ i1 p any part the:eof for othcr pwE•oaes, w~~hout th_r, o~ wa~+~ or rnp,~r- ing any eq~ity, lien w rigld under or by virtw of this mo:tqage: and in the ~ven1 w~d MORTGAGORS shal! tw any reason fail to keep the said p~emisrs ao insured, ot fail ro delivtr promptly any of said polities of insurance ~o seid MORTGAGEE, o~ fail promptly 1o pay fuSly any pre~n~~m thcrefw or in any respect lail to psrfwm, diuha~ge, executs, eHect, comp~ete, comply wiih and abide by this covenant, a any part hareof, said MORTGAGEE n,ay pisce a~~d pay 1w suth iruurante o~ a~y part the~eof withouf waiviry or sffetting any option, lien, equity, ot right under a by virtue of this Mortgage, and the lull amount ot each and tvNy suth paymant sl~all be immediately due and payable •nd shall bear interest from the date thercrof un~il pa~d at the rate ot nme per centum pa annum and together with sucR intereit sha~I be srcured by the lien oi this mwtgage. 1. 7o ptrmit, tommit w suf(er no wasN, impairrr.ent ot detera~ation of said property w any part thereof. . a 5. To pay all u~d singular the costs, charges aod eape~ses, includir~g a rea:onab~e atror~ey's fee and cosrs of absrrads of tnle, incurred o. pa~d at ~ any time by w~d MORiGAGfE, bacause or in the event af thr fa~lure on the pa?t of ~he said MORiGACa~R to duly, pron,ptly and fu~~y pcrform, d~schuge eaecute, elfect, con+p~ete, comp~y w~th and ab;de by esch ~nd every tM stipulaf~ons, egreemcnts, cond:eions, and covenaros of sa~d prom~ssory note a~~d ihis mortgage any or either, and sa~d costs, charfld and expenses, tsch and every, shall be immed~ately due and payable; whether o~ no~ there be not~ce d~ mand, anempt to collect w wit pendiny; and the full amount of each and e~ery such payn~m shall bear inrerest from fhe da~e thereof until pa~d e1 the ra~e of nine per centum par annum; a.~d all ~aid costs, charges and expenses incurred or paid, logether w~th such imerest, ~hall be secured by ~he l~en of th~s matpa4e. 6. T}?st (a) in the evenf of a~y breach of thia Mortgage o~ delault on the parl of the MORTGAGOR, or ;b) in the event a~y oF sa:d sums of money here~n referred to be oot p~omptly and fu~ly paid within lhirty (30) days nex~ a4te~ the seme severaily txcomr due and payab~e, withovs demand or no~~ce, or (c) in the event e+ch and every the ~tipulatiuu, sgreements, cond~tions and cove~+~ta of sa;d promiswry note and th~s mortgage a~y or e~~he~ a~e not iufy, promptly and fully performad, d~scFurged, executed, effected, completed, complied with and ab~ded 5y, then in e~ther or any such event ~he sa:d ag gregate sum rxro~oned in said promisswy note then remaioin9 unpa~d, with interest accrued, and a11 moneys secured herrby, shalf becunFe due and pay eb~e forthwith, or ihcrea(te~, at the option of said MORTGAGEE, as fuUy and complele~Y as if all of the sa~d wms oi money wero onglnatly st~pu:a~ed to be pa~d on such day, anything in said prom~ssory note or in this Mortgage to the co~trary notw~ths~and~ng; a~~d thereupon w thereaiter a~ the op~~on of sa~d MORTGAGEE, without notice o? demaod, wit at law or in equity, therefwe w ~herealter begun, may be prosEtuted as if all moneys sscured hereby nad matured pr+or to its iostitutior?. 7. That in the event that at lF+e be9inning of w st ~ny time pe~di~g any s~it upw~ this Mo~tgage, w to fweclose it, or fo refam it, or to enforce paymenf of ~ny claims hereunder, said MORTGAGEE ahall apply to the Ca:~t having jw~sd~ctlon thereof fo~ the appanlmeM of a Receiver, such Ccwre shail - forehwith appoint a~eceiver of said mo~tgaged prooerty atl and ainflvlar, intlud~ng all a~.d s~ngutar the income, p~ot~ts, issues and reven~es fro~n whate~er sou.ce derived. each ~nd evcry of which, it being eapressly unders~ood, is hereby mo~rgaged ss if spec~ficalfy set fa~h and dewibed in the g~an~~ng and habendum clauses hereot, ~nd such Rcceiver shall have all the lxoad and eifecnve iunct~ons and powers in anyw~se entrusted by ~ Cou~t to a Rectiver, end s_ch appointment shall be made by such Court as an admitted equity and a matter of absolute righf to sa:d MORiGAGEE, and witFw~t referer.ce ~o the adequacy o+ inadeq~acy of the valw of the property mwtgaged or to the sotve~cy or insotvency of said MORiGAGOR w the dele~dants, and thet s~ch renrs, profits, i~come, issues and revenues shall be applied by such Rcceiver acco~d~ng to the lie~ or eq~ity ot said MORTGAGEE and the pract~ce of s~ch CouA. 8. To duly, promptly and fully perfam, dischnrge, execute, effect, complete, comp~y w~th and abide by each ~nd every 1he stipuiations, agreements, conditions and covenants in sa~d promissory note and this morigaga set forth. 9. That i~ the event the ownership of the mortgaged p~emises, w any pa?t thercof, becomes vested in a perwn other than the M~RTGAGOR, the MORTGAGEE, its auccesscxs and sssigns, may, witho~t notice to the MORTGAOR, deat wuh such successw or avccessor in imerest w:~h reference to th~s rnorrgage and the deb~ hcreby secured in the same manner as with Mortgagor without in any way viuating o? d~xharging the Mor~gagori liability herN under w upon the deDt hereby sec~red. No sale of the premises hereby mo~tgaged and no forbea~ance on thr par~ of the /hORTGAGEE or i!s a„ccessors o. ass~gns and no eatension of the time fa the paymero of the debt he.eby sec~red given by tF~e MORTGAGEf or its succesaws w ass~gns, a~ialt operate ro rNease, d~xharge, modiFy change or al(ect the original liaoiiety of the MORTGAGOR Ixrein, either in whole or in part. 10. It is speuf~cally agreed ths~ tin+e is of the essence of this co~trac~ and that no waiver of any obtigarion hereunder w oi the obligat~o~ se- cured hereby shall at any time thcreafter be held to be s waiver oE the terms hereof w of the instrvment secured Ae~by. I l_ In add.t~o~ to the forego:ng monthly payments of princ'paI and interesl req~ired by the prom swry no!e setured hereb~, morlgagor covenants a~d aqrees to pay to mortgagee with each momhly payrnent an add~rional sum est~mated by mortgagee to be equal to 1,' 12 of the annual cost of the fel~ow- „g: A-All real propeity taars levied or assessed agai~~st the above dcscribed real estata B-Premlvms on f]re and windstorm insurar.ce as herein requ:red to he carried on the improvements situate on the above d~scr~bed premiaes. C-Pre~niu+ns on suth matgage guaranty ir.surance as mortgagee shall i~om t~me to time detm fit to carry on the loan sec~red herehy. j Mortgagee sha•.! from time to time notify mortgagor in writing of ihe amount due and payable hereunder and such sum shali th~reupon be due and i F:~yabte on the due date oF the neat monthly payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a change in such a^•.ou~t. Such sums sha:l be app!ied by mo?tgagee roward the payment of real property taaes, insurance prem:ums, and mortgage guaranty inwrance ~ p•emiums. ~ € IN WITNE55 N REOF. the id MURTGAGOR hss hereunto set his hartd and seal the day and year first afaesaid. ~ i g Signed. Sea~ i ~ e~ence of: • ; Se+f) ~ _ l5esl) ~ (Seal) ~ _ ~Seaq ~ STRTE OF FLORIDA couNn oF ST. L~7t;IE ~ ~ ~ ~ ~ ~ s~f«. ~ person~lly appeared Frankie L. Smiley, a single adult ~ ` 70pG~ to me we~l known snd known fo me to be ~ rhe individw~ described in and who executed the fweyoiny instrument, and acknowledged before me that ~e~ executed the same fw tFx purposes ~ eherein expressed. ~ ~ ~ ~ ~ 71 ~ WITNE55 my I?~r?~ snd offitiaf se~l this ~1 day of A. 0. 19 . ~ Notary Pu in •nd (or ihe tate of F~orida at Lar~° W My Com sion eapires: lp~ !9 ~ Retvm Ta ~ ~ ~ First federal Saving• 3 loan Aswtiation ~ Of Fort P:erce. . ~~~+~.y '•.t: v r, ~y ~A;~ Fo~t ?ierce. Florids C_. _ , ~ , ,;y. s. (4~~ faj~`. • b l~.4les~t r.a~ ~:J+..?rr Cy ^ -1 _ 2(~4 ; ; ~ € ~ This Instrument Prepared By RiChard K. K es ~ . " fllEO I,NG RECORO ~ aY tT- ltiClE COUMTI? fL~. First Federal Savings b Loan Association ROCER Pp~TAAs of Fort Pierce , Flozida CtERK CiRCWT~q~ ~ • ~ - RECORO VERIFIEO~.,,~~ ~'r' " • • ~ Checked By ff8 ~ 1 : z a9 PM't ~ ; ~ ~ a~ax ~ `~U .7~ ~l ~ ~ _ ~ _ ~ ~ _ F-~ ~ ~ ~ ~ _5 z ~ . _ . ~