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3. To plac~ and con?inuo~sly keep on the bu~:dinps ~o« M hsreaita s~tua~e on said land u+d u~ alt eqv~p~ncnt and p~~sonatiy covered by tAis morp-
~g~. wt~h ~U p~em~u~rs ti~rec+n paid ~n tutf. f:re insu~ance ~n ih~ usual s?a++dard pot~ty tare, in • iu~n ap~oved by ~Ae MJ~(GAGEE, u+d winds+am
~nswae?c~ i~ tM usual s~andard yo~~ty tam, io a sum approved by ~he 1NORiGAGEE, in wch company or co~nNa~~;es as ~ ~he MORTGAGEE ~nay
cf~.eu; sr~d all 1'ae a~d w~nd~w~rn :nsurance po~K~es on any of a~d bu~ld~ngs, any inferesf fhl~ein or p~i~ thc~eof,.in the s~.epi~e ium a4w~ia~d w
in ~YCess the.eof. ~hsll conlain th~ uswl standa.d morrgayee clauso w suc6 othtr clauN as tF~a Mo.tga9es may ~eyv,ro. ma?inp rhs Io~~ unda sa~d ~+oir
ac~. each ar+d eve~v. wr~b~e ro ~ad n+~ORiGAGEE a:r~ int~vrst may ~ppeu. a~d eacA a+d tvery svch poi,cy shall be prompNy su 9~ed ~nd dtiive~ed ~a
•ny heid by said MORfGAGff as (urehrr secur~ty to ssid mo.tpsq~ debt, and, not iess than ~en (101 da~• in ad~~~Ke o! tha eapirat~on of ~~ch pol~cy, to d~-
Lver to sa~d MORiGAGEE • te~wal thaeof, toqHhtr with a rece~pl for Ihe p~emium o) such re~wat; a»d thrre shall be np i~~e a wi~~dsro.m inauranc~
placed on ~n~ of s~id b.~ild~~gs, any intrrest there~n o~ wr1 thereof, unleu in t1~e form and wirh the tosa payabk as a(a~esaid; and in the e~e~t aey sum
of n~y becomes payable unde? wch pol:cy o. pal;c;es w;d MORTGAGEE s1w11 haw ~~1Q ONt~pl 10 fK~iv@ and apply th~ sa.,m on account of ~M ii+d~bfed-
ness tetu~ld 1?e+eby W b perm~t sa~ MORTGAGORS to ~ettiv~ a1~ Vi! i1 p af~y Pdf) 1112~e0{ fOr Ot~iaf ~;y~~~pia3. w.ih4ut Ih~eUr wsivi~~~ JI ur~~ir-
ing any p~~ty, lien w right v~dcv or by virfw of this mor:pspe: and in tht erent sa:d NJRTG.'.GORS shatt fw any rwson iail to aeep the sa:d premises so
~nsured. o~ lail to det~vn promptly ~ny ot sa~d polKies of insu.ance ~o aa~d MORTGAGEE. w~a~'. promptly to pay fv;ty any prem~~m therefor p in anY -
respect fail b perfpm, d~uharge, exccute. effecl, comofete. comply with s~id abide by this w.rnan~, o. ~ny pan her~oi, said MURTGAGEE may place a~.d f
pay fa such insur.ncs w~ny parl ~her~eaf w+~hout waivinp or affec~inp aery opnon. lian, eqv~ry. a righl unda a by v~rrw oi ~k;s Mwrga9e. and fhe i
full ~novnl of each and e:e~y such paymen~ shall be ~m+~edNtely due and payable and shall bcar irozresr /rom 1he dare tAereof until pad ar tM ra~~ at #
n~r.e pet teorum pa~ annum and fogrlher with such inrorest sF:ali be secured by ths (iM ai this mortgsge. ~
1. To permi~, comrr.ir u autfer no waate, ~mpa'ame~t p detea~orat;on of said proF+erty p any pari thereof. ~
S. To pay all ~nd u~gutu the costs, cha~ges and expenses, ~ruiud;np a reasonabk attorncy i fee and costs oi abs~~acq of t~tle, incwr~d w p~id ~t
eny t'une by sa~d MOQTGAG_E, bec+use or :n the evenl of the fa~lure on the part of tM said MORTGRGOR to duly, p~or~~Nr~y artd fu+~y perium, d.stsra.9R ~
e,ecute, affed, complele, canply w~~h and ab:de by er:~? and every the st~pu!a~~ona, agrerrnen+s, cond~t,ons, and coYenanes oi sa~d pror.,~aso:1 note a.~d thi~
mwt~ape any w euh~v, and sa d costs, charqea and e:pensei, each and eve.y, shall be immidiately due and ~+ayut:e; whe~hcr o~ not ~hare be no~ke de
mand, attempt to co~tK~ ~ a~it pend;,g: and the full amouM ot each and eve~y svch paymenl sl+all bea~ imeres~ f•pn ttie date thereof umil paid s~ the t
~.~1e o~ ni~~ per crnt~m E~r a~nu n; aixi a~l sa~d tosts, charges and expanses inturred a paid, togethrr w~th such intr.ast, sl?ail bt sa..red by the licn of this ~
mortya~. _ i
Q That (s) in the evenl of any brea:l~ o( this 1Norrgege w defaul~ on the pa~t of the MORiGAGpR, w(b) in the event any oi sa:d s~~ms of mpney
here~n ~eterred ro be not prar+prly and tu11y pa~d ~«ifh~n thuty (3p1 days nexf atee. the same severi!ly become due and payeble. w+~ho~~ demar+d ~ no~:ce.
or (c) in the event each and eve.y ~he sripulano~u, agreemenrs, conduions and coven~nn oi sa•d promissory nore and th~s morrgage a~y or eitF~e~ sre no1
iuty, ppe~ptly and (uliy pe~tonned, d~xha~grd, e:ecuted. eftected. comple:ed. compl~ed with and ab~ded Sy. then in enher or any such event the said ag
~re9a~e wm ment~oned in said p~a~r+issory nore thrn rema~ning unpa~d. w~th i~~terest accrued. an.i au monrys securcd he.eby. shell become d„e ~nd p~y.
ah~e fw~hw~~h, w the~eafte., at the oprion oF sa~d MORIGAGEE, a~ fulty and compJe~ely as if all of the sa;d svma of money were o.ginatly st~putated
ro be pa~d on such day, a~ythirg in sa.d pro~n:sswy note or in this M.ortgaye to 1he comr~ry not.:iths:and~ng; a~xl ~hcreupon or ~horeaftN at the option ot
sa~d MORTGAGEE, wrthout nor~ce o~ demand, suit at law a in eqv;ty, therefore or tAereatrer begun, may be prosecured as i1 a!! moneyi securtd hersby
had rrwtured p~p to ~~s institurwn. ~ ~
7. TFat ;n the eve~t ~hat at the begiruung ot or st any time pend~ng any suit upon this IGwtgage, or to fweclose it, w to re(wm it, o? to enfwct
payrr.en! ol any cla~ms he~eunder, sa;d MORTGAGEE shatl apply to the Cour~ hav~ng ~urud:a~on thcreol 1or eAe appomtmenr of a Rece~ver, such Cou~t shafl
io~ihwirh appo;nt s rece~~er of said mortga9ed prpoerty all and aingul~r, incl~d~~g a~l and sir.yutar the income, prof~ts, iss~es aRd reve~ues irom what~ver
s~urce derive~, each and every of wh~ch, t,e:ng expressly underseood, is hereby mortgaged as if spec:fKalty ut Iw~h and destribed in tFw, g~anring u+d
F~abendum c(auses hereof, and s~ch Receiver shalt have a!! tke boad and efiective tunct.ons and powers in anyw~se entrusted by • Cou.t to a RKeiver, and
r. ch appoinfinen~ ~hall be made by such Covrt as an admit~ed equity and a maner of absolute rgM to said MORTGAGEf, u+d wi:lwut reterence to tne
edeqvacy p ir~,?deq~acy o1 the wlue of the p~operty mprtgaged or Io tF~e w+vency or insolve.~cy o( said MORiGAGOR pr the defendants, and ~hat svch
ren~s, profin, incomr, iuues and revenues shall bE a¢pt:ed by suth Reteiver accotding to the lien or equity o( sa~dMORTGAGEE a~d the prxtite of se.ch
lOUtt.
6_ To du1y. promprly and fully per}onr:. dixharge, eaecute, effec~, compkte, comply with and abide by each a~d evEry fhe st~pulations, agreemenb,
cond+'t:ons and covenams m s,~~d prom~ssor~ nore and +h;s mortgage srt fath.
9_ Thar in ~he evem ehe aw~ersh~p of the mortgsged prem;ses, u, any pan thereof, becomes vested in ~ person other fhan the MORTGAGOR, tl+e F
MORTGAGEE, i+a svcceuws and ass~gns, may, wi~hou~ norice to the MORTGAOR, deal with sxh succeuw or svcce~sor in interpt wieh reference to th~s
marrg`ge and rhe drbt he~eby secur..d in the same manner as with Mort3sgw without in any way vit~ating w d,xhargirg the Mw~gagors' liability herr
under o~ v~ +he debt hereby secured. No sate of the prem~ses hereby mor~gsged and no forbea:ance on ~F~e E,ert of 1he MORTGAGEE or its sv:cessors
or ess~gns and no exte~s~w: of rhe t~me fo. ~he payment of the de6t he.e6y secu~ed given by the MORiGAGE'_ o. it~ successo+a or su~gns, s;~a11 operats t
ro re~ease, d.scharge, med~fy change or atiect the o:g~~al iiab~l~ty of the MORTGAGOR herein, either in whoJe or i~ part,
10~ Ir is spec~fica~iy ag.eed ehat time ~s oi the essence of this contrac~ and that ra waive~ of any ~I~gat~ herevnde? or o( the obl'gaYan sr
c~red he~eby shefl at any t:me thereafter be he'd to be • waiver of th= terms hereoi p ol the instrument securtd herby.
1 L In add t~o~ to the torego ~x~ rnonth!y payments of pri~c pal and interest requ.~cd by the prom ssory no!e secured b¢reby, mortgagor eovenants
a~d agrees to pay to m.o-tyagee N~~h each monTbly pdy.,,~nt ar ~dd~~ronal a~m esnmared by mo~tgagee to be eqval ~0 1;' 12 oi the annual coat of Ihe follow-
~n9-
~
A-A!i rea! property t~¦as lev~e~ o~ assessed aqa~vt iF~c above described real esrate.
i
B=Fr_~.,:~<s osf f~rr and wlndstorm :nswarce as here~n renu~red to be ca.ried on the improvemeats s~tuate on the above desc~ibed premises. i
C-Premlu~s on such mortgage guaranty ir.svrar,ce as mortgagee shaU from nme to time deem fit to carry on the ban secured F~ereby_
l~lwtgagee s'~a~t from rime to t~:,~e nc+~fy mer~9agor in wr:t~ng af the amount due and payabk herew+der and such su-n shalt the:eupon be due and
; svabte on the due dare v~_the r+ext monthiy payment and eath suctessive monrh the~eaffer ur.t;~ mongagee sha!1 notify mortgagw of a change in such
p emiums.~~h sums s~~ ~ ix appi~rd by mor:gagee toward the paymer+t of rea~ property taxes, insurance p~em.ums, and mortgage guaranty~iosu,rarLc=
IN W~TMESS r1N[R~ tlre sa;d A40 G/4GOR has hereunto set his hand and seal the day a ar f'rst ato ~ I
d, aled and li i p?esence of: ,
~ , ;
C I '
• ID~
aq
I 5 ~ ry
STaTE OF FLORIDA ~ ~
Lucie ~
couyn oc St • '
sero.e me pe.sors~~y
;p~es.ed Richard F. Smith Z I I
~dr15 f~. $mlttl hia wite, to me weil known and known to me to tx
the individwJs dexr~bed in and who executed the foregoiny instrument, and ~cknow{edged beiere me that they e:ecuted the same (or tMe purpoxs
rherein exprpsed_ And the said_ ~r1S H• SA11th
+.~fe of the ~;d Riehard F~ $~l,lth III a sepsrate and piiwt~
e.am:nat~oei by me taicn separate and apart from f?er said husband, acknowledged b ar+d before me that she exetuted said instrumeM ,freely and volvn-
:ar.IY and r_~~tho~s any compulston, con~ua~n~, aPpre~ s; fear of w from her said husband.
y1fITNESS my hand and of(ic~el seal this _ d. of June
Y D. 19 71
i
~
Notary Pubiic in ~nd }or rbe St ?e o Horidi ir~ ~i~tpt '
Return To: f~• 1 My Commiu~oo expires: ~y( . • ~
~~~s+ fede~sl Savings b Loan Assoc~a*~o~ FIlEO AMD RECOllO[Q • ~~e:
ST WCIE COtlNTy il~
ot :o,s A.e-c~. iIOLE~ POIiRAS ~ . ~ . s
fprt P~e~ca Fiorde CIERK CIaCUt? COUR C;/ ~j ' _ _
vER~f~ED d : -
RECORO . -
Y ~
- 29 II iT ~M'T ~ : ' . ~ -
-_This Instrumer.t Prepared By Richard K. K3ye~ '~,3~•:'~ '~j.~
r.~'I:
First Federa! Savings b loan Association ~
~ ` of Fort Pie~ce ~ Florida 21.1~43
~
Checked By ~
~
- ao~193 ~.60$
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