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Home My WebLink About1496 . . ~ J. io pl~ce snd cor~t~n~a,sly keep on ~n~ bu~'d~s now a M~~af~N ~~w?~ a? ~a~d lu~d ~nd on all equipnt~l ~rtd perionaliy toYered by Ihii rnut~ ~s, with •II pr~mwm~ ehacoe? pa~d in full, i~~e ~~aurance in ~M wwl ~~andard po:Ky form, in • twe appro.ed by the MpRiGAGEf, ~~ti w:rKhrpm ~ntivranc~ in u.v usvaf s~u+dard put.cy form, ;n a ium approv~d by tM MtORfG.tGEE, in such canpany or comi»n~es as ~M MORIGAGEE rnay d~?ecr, ~ all (N~ and w~nds~o.m inswanar polic~~ on ~ny ol ta;d buitd.nps. ~ny inter~~~ ~F~e~ein or pa~~ ~hrreol, in ~h~ ay9~e9a~e ~um •faeuid or 1~ ~:ceu ti~e?eot. ~IuJI comain ~M viual s~andard mortfla~ clavs~ a svch oti+e~ clavN ~s tM tita~y~yea m~y rcqv~r~. matwiq iM Ic+t~ undt+ ~a~d pol~ c~es. exf+ and eve~y. payabl~ ro ~a~d MORTGAGEE ~s its in~ares~ may app~ar. and each and wa~y ~uci~ po~~cy sMti b~ promp~ly au qned a~d ~livered ro +nY he~d by s~~d MOR(GAGEE aa tur~her sccur~ty to ~~d mo~tyage deb~, and, oo~ kts il.a~ ~e~ (10) d+~s in adrante ol the eap'aat~w? of C~CF~ pOliCy, to dr liver 1o s~id MOR~GAGEE • re,kwal ther~of, to9~rher wirA a rece~pt for the prwniwr? o! sucl~ ~enewal; snd there shali bs rq f.re a wi~~duo+m insur~nc~ p~+ccd on any of said bvild~~s, any in~ere~~ N+ere~n or parl Ihereo(, u~le~~ in ~he iorm and wi~h ~M loss payable as siastiaid; and in tM ~vent any wm of mw~ey becpnes payabl~ under such poti:y o~ policiss said MORTGAGEE shall Mw ths opnon ~o ~ece~.r a`d apply the sa~~~e on accou,» oi the e,~deb~ed ness ucwed hrreby M t0 jl«mit ia~d MpRTGAGORS ~o fKftW alF~ u!f 11 W My pi~t thlf00~ ~Ot Otnc~ ~;u~F.01rf. vr~thGUl th:rab/ wdir~~v~ pr ~inp:ir- ~ng any pviry, IiM w rght v~der or by virtve ot thii mo::Qage: and in tM ~vea1 ~a~d MORT~GpRS shat) fa any reason iail ro krep the saKt premius s0 insured. p fail b deiive~ p~omptty ~ny of tsid polKies of in~wa.xs !o said MOQTGAGEE. o~ Fad promptly lo pay lulty any prem~vm therefw o~ in any ~espect lail ~o pe~fam, discharfle, execufe, e(fec1, canple?e, comply wi~h ~nd abidt by this covc.+.?n1, p~ny pa~t h;ersof, sud MORTGAGEE may place ar,d paY fa such irtsuruxe w any part 1he~aw( witFwut waivinq a affectin~ any oprion, tise. squiry. o~ right onde~ p by virlw of this lMor~9~ps, ~^d ~ht tull au~wint o) eack and ~.~ry ~uch payment shatl be imnxd~ately dv~ and payabla and sMU be~. inte~rs~ Hom the dat~ ~hercof un?il pi~d ~I» rsq ol n~ru per cenwm per annu,n and eogr~her with suCh inte~e~t aFwh be secured by th~ li~n oi tF?~i mort9age. - 1. To pami~, commit .x auffe. no wasls. impairment w derer~ordion of said p.ope~ty ar ~ny part rhereof. 5. To pay atl a.~d i~ngufa the costs, dwges arxf e:penses, incl~dinp a ~easonabk ateaney's fce and cosrs ai abst.DCts oi t~tlf, incurr~d p~ p~;d at any time by said MORTGAGfE, because o~ ~n ths event of the failwa on ~he ps~t of ~he seid M~RiGAGpR to duly, promptly snd fvlly perf~m, d.xharg~. execute, efled, complEte, ca»ply w~th and ab:ds by each and eve~y the st~pulatwns, ag~cementi, condie,ona, ~nd coveninn ol sud prom~sso~~ nwe ~nd th.~ .r.orrg~qe a~y or aeher, a.~d sa:d cosrs, ch••pes and expenses, each and fVN~I, shall be immed'utety dve and payable: whe~her a not rh~re be noiKe d~ mand. at~empl ro colleu w svie pend~~g: ~nd ~he (ull amovnt oF each and evtry u,ch paYme~t shall bea. inte~est from.li~e d~~e thneof until pai~ at tF~e •~re of r.~ne pe~ centum per amw-n; and ~N said cozts, cha~~es and e!cFrnxs incurrad or paid, ~ogeih~: w,th suth interest, shall b~ sKu~ed by the Iim? of Ihy m.irty+yt . ~ 6. Tha1 (a) in ths eveM of any breach of this Mortgage w defaulr on the part of the MpRiGAGQR, p;b) in the eve.tif. sny of sa:d ivms of moeKy herein refe~red eo be ~ot p~o~-~prty and fully pai~( wifhin th.rty (30) days nt:t sfter ~he same severafly becpne due and pa~Abk, willavt e~mand w noeice, ~ cr (c) :n the event each and every st~p.~~at~ona. agreeme~ts, cond~~~ons and covenann of ae~d promisswy note u.d ~h.a npit919E any pr a1?+~r aro nd ~ iuly, pron,pNy aod Iu11y perfamed, d~xha.ged, c~ecuted, eff~ned, comple~ed, ca~npl~sd w~eh ~nd ab~ded Sy, th~n in e~~her ot ar?y such ~ve~t th~ ~aid ag gregate sum menrpr~ed i~ sa,d paom,ssary nute thcn remaining unpa~d, w~rh interesl atcrued. and a71 mo~cys setured hereby. shatl betorne dut antl pay- abie (orthwith, or ~hereafte~, at the opnon of said AAOk~GAGEE, as (ully ~nd con~le~ely as if all of ~he said sv~~s of monly v~ere aginalty ~t~pul~ted ro be pa;d on such day, any~h~ng ~n sa:d F:o;n~s:ory note u in this Mwtgage ~o thQ com~ary notw+ths~and~,~g; and ~herevpon or the~eatter at the opt~on of +~:d MORiGAGEE, withovf no~~ce w demand, av~t a1 law or in equ~ty, the~efwe w there:fter begun, may be p~osecured as if all moneys secured he:eby nad matured pr~or tc ~rs ins~~tunon. 7. ihat in tha evcnt ehat at the beginning of w a1 any time pendi~g any suit upon rhis ~Ylortgage, a ~o leue<lose i~, a fo rdwm it, pr tp enforn ~ payment of eny cia~ms l~a~c~nder, said 1NORiGAGEE bha4i apply to Ihe Court having ~urnd~ci]on ~he~roF (w ~he aRpoamment of • Rcceive~, s~ch Coun shall fo~~hw~ih appo~nt a rece~v~r of sa~d mortgagrd p~ooerty alI and sir+g~lu, ioctvd~ng ai1 aod a~ngv~ar rhe inconu, prof~ta, iswe: and revenues lrom wh~tevN sovrce derived. each a~d eveay o! wA,ch, it be,n~ exprets!y understood, is hereby morrgaged as if spK~hcaily sc1 ;pr~th• a~d destrilled in the granring a~+d habe~m tla~ses Acreo~, and such Rcceiver shall have a{; the b~oad and eftecr~ve (~ncr.ons ~nd powcrs in anyw~se entrusted by a Cou.t to s Receiver, ~nd nch appointmad shall be made by such Cowt as an admitted eqvity and a rt.atter of abaulure a~ght ro sa:d MORIGAGEE, and w~~hou1 rele~ence lo th~ ed~uacy p inadequacy ol the valve of the prep~rty mortgaged p to thc w:vencY o~ ~nsolver~cy o( said MORTGAGOR tv the deiendants, and that such re~rs, proirts. ~ncome, ~ssues a.~d re.mues shali be appl~ed by such Receiver accwd~ng to fhe IEen or equ~sy of u~d MORTGAGEf and the p~actKe of wcl~ Court. 8. To duty, prompf:y and fully pHform, d;xharge, e,cecute, effect, compkte, compty wi~h ~nd abidt by each rnd every the stepuletions, agreert?enti, condifions ana~ covensnes ~n se~d promissory ~ae a.~d ~h~s motlgdge see fa~h. 9. ihat in me event the ownersh;q of the mortgaged prentises, a ar.y part thaeof, betpnq veyted in • pmscn other fhu~ the MORTGAGOR, the MORiGAGFE, its avccess.xs and ass:gns, may, witlwut noace te the MORiGAOR, deal w,t6 such successw or s~rtcessor L~ Lnte+eat with reterence lo thia mo~tg~ and ~he deti hrreby secweA in ihe same manner as ~v~~h Mo~~gagcx w~rhout in any way vir;ating or d:scha~g~ng the Mar9~gps' liability he~t u~der or uFon she decr ne~rb~ sec~~ed. No sa.e of rhe F.em;sea hereby mo,tgaged srd no forbeareRCe on the pa~~ of ~he N10RTGAGEE a its successon o. assigns and no exTr~~s~on of the t,m~ for ~he payment of the debt he.c6y secured yiven by the MORiGAGE~ or its successa~ p ass~gns, a.~ail operatt to rdease, d~uharge, mocl~fy ~hange a affect the or~g~na( liab~;~ty of the MOQiGAGOR herem, either in who~e w io part. 10. ft is spec~f~calsy ag~eed +hat t;rr+e is of the essence of rhts contrxt and thaf m waever of any obl;gai;pr. hereur~der o~ of the oblig~tion se- c~red hereby sha~~ at any time rh,:reafter be I:eld fo be ~ waivr. oF the te~ms hereol or of the instrument securcd herby. 11. in add.r.nn !o the ioreqo •~g monr!~!y paymeNS of princ pa: and intrrest requ~red by the prom;gsory np~e secured hereby, rtwrt9agw cov4nants and agrees to Fwy ~o mortgagee vk,fh each moorhiy pay•.,~nr an add.r;onal surr. es~:mated by mortgagee to be equal ro 1,'?2 of t?u annuel tost pf Ihe fpl?pw- ~;.g: - ~ A-Ai! .ea~ properry ta:rs 1e•.~ed or a:sessed agathsr ~hc above deur;y~ real es?aer. 6 P.r...:wns a~ firr and w~ndsro-•n ~nsuracce as Ixre~n ~eqv.r~ to be carried on thr ;mprovem-~ts sltuate un the above lescribed prem;sey_ q C~Premiums on soch mx+ e uarant ir.surar:ce as mo+t i 9~9 9 Y 9zc,ee shatl frcm r,me ro t~me drem fit to car?y pn the loan secvred hereby. 11Aortgagx ska 1 f•om t~rnr ro ~,~~e nos,f~ morrgrgor in writ:~g of the amount dve and payabte he~eundrr a:sd such sum shaif ther~p~ ~ due and ~ ~syable on the d.,r da!e of ~he nc¦t mo~rh'y pdyn~e~ and each successive month thereaf~cr u~.t~~ mortgagee shall nat:fy mortgagor of a change in such i oum. $uch sv:ns shr:! be app ~eai ~y morrgagr: toward the payment of ~ea1 pr~~ty taxcs, :nsv:artce pre.~r+.ums, a.~d mortgage guaranty insur~nce e•emiums. IN WITNESS YIHEREO? ~he sa~d MORIGAGOR has here~nto xt his hand and ses{ tFx day a~d year first aforesaid. Sig d Seal deti e d in the pres o~_ ~ ~ it/ _(Sea9 i ~ _ - ~ n - n - ~ S:ATE Of ftORIDA ~ - .5ti . Ti11G~6 ~~uHtr oF Befwe me personally appeared L@K1S .~q~.tip'1 ~ _ ~I'Ot~ S~th h» wife, to me well known end known ro me to bt rhe ,nd,v,dwl~ de:cr~bed i~ ar,d who executed ~he for u?strurncnt, and ack~wwied9ed before me tMt they executed the same for the purposes th«~~~ ~,¢.h,~. n~a r~ ~~a Dor~othY Smith ~,;r~ of ,a;~ ~ Lewis Smith won a .app.+. aid prir.a c.am~nat~ by me taken separste and aga.t from hei sa~d husband, atkrww;edged p ~nd {x{ae me that she executed said instrurnent jrN{y a~ rppyip• rardy a~d w~rho~t any comp~,ls~on, coast.a~nt, aPP«~ .}~r teu of or trom her said husband. . . WITNESS my hand and ofiicial.ual thiL ~y pf ~11T1@ 1 ~ p`•19 . - • r Notary ubi~c in and for ~ ts'd Fbflda j~l lary~ " Retu+n To: µy ~Oft2^"s~p^ expires: ~ - firsf Ftderal Savings 3 lOan ~.ssotiat;on : ~ : 'Z'' ~ ' - i Of Fo.f Pe:ce- NOTARYPUSC(C.`..'T~~'-'~:Lnft'tlfg,Ir7L~R6~'•~~~~~ fwr Pie:ce Ftor~de ~AYCQ`AMIc, ~~C':.! _c3::iR. '~iJ~97~f~C ~ 0[NERA! INSURA~:.E'.:NDERWRfTER~t~.t~t~'"~~ 2113~',, _ ~ ~ ~ 3-~ This Instrument Prepared By J. D. Chastain fIIEQ ~?NO RECOAOED First Federa! Savings b Loan Association ST. IUC~E COUNTY FLA. of Fort Pierces F1oZ~idB ROCER POItR~S ClERR ClRCU1T COURT Checked By RECORO YERIFIEO .i~ 18 I o9 PM'i I ~ e~~~ 1~~ 4 ~ B ~ ~3 ~ 94 ~ ,