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HomeMy WebLinkAbout2211 3. To p!ace and continuously keep on fhe bu~'dngs now or he~eafrer ~~tuete on so~d land and on al~ c•qu~pmem a~d personally cove~cd by this ma a9e, w~~h all prenu~~~~s thcreon F:a.d m iuil, fire in~~rance in the uwat stand~:d ~,o'~cy 1orm, in a w~n aF.proved by ~ha h1Uk~uAGEE, and w~:~Js~o ~nsurance in thr u:ual s~.+ndard po:.cy fa~n, in a s~~n appro~ed by ~he MORTGAGEE, in ~uch compa~~y or co~~tf.an~et as ~he ~l.OR1GAGEE m d~rrtr, and all lire and w~ndstorm ins~rance pafc~es on any oi sa~d bu~~d.r+gs, any interest there~n Jr pari Iharrof, in tl~e agg~egate suin aioresaid in excrss ~he~eof, st~all :onrain ~he uswl stanJard niort9~gce clause o~ auch oiher dause as the Mortyagea may requ~re, mal~ng ~hr ~ou undrr s.+~d po c~es, each and e~ery, pa~ab'e ro aa~d 1~JRTGAGEE as ~?s m;errst may appear, arxl each and e~a~y svch po:~cy shall be pro~~ptty ass gncd a~~d dz,~~cr~d ~ any helJ by sa~d 7dOR(GAGfE aa i~rthe~ s~wr~fy to sa:d n,ortgage debt, ar.d, oo~ leaf than ttn 110} days in ad+ance of the expuat~on of each pol~:y, to d~ _ I,ver to sa~d MORSGAGEE a ~enewal thereof, loyeihtr wnh a rete~pt for the prertiivm oi such ~enewa~; and ~hrre shall be ~o fire or w~nds~o~m insurant p!aced on any of sa:d bv~!d~~~gs, any interest there~n or pa~t thereof, unless in the form and w~th the ~osa payable as aforesaid; and in the event a~y sun of mo~ey becornes paYab~e undar s~ch poGCy or pol~ues sa~d MORTGAGEE shall have the opt:on to rec_~ve a~~d apNEy tha sar.~e on accou~~t of the indru~~d ness secwrd herrby o~ to perm~t sa~d MORTGAGORS to rece~ve and use it or any part the:cof ior o'~,~r F;u~,::s~•s. :.:~~:~.t ~h-'.u~ .ti-~~~'~ c' '"~F~" ing any eq~~ty, I:en or r~ght under or by virtue of this mor'gage; and i~ the event sa:d MORTGAGORS sh311 for any reason fail to kerp the sa~d prem~ses so ~ns~r~•d, or fail to dc:~v~r pro~nptly any of said pol~t~es of insuranCe to said MORIGAGEE, or fai~ p:o~nptiy to pay tu~ty any p:e+~~wm therrfo~ or in a'~y respeu fail to perform, d~schsrge, e~eec~re, eifec~, con~p(ete, comply with and ab+de by thls cova~~aat, or any parl heieof, s.a~d MURTGAGEE may p!ace a~d pay for such insurance or any part thrreof w~ihout waiving w affecting any opt~on, lie~, equ~ty, or r~~M u~~der or b~r viriue of th~s blortgage. and the t;,l~ amouro o1 each a~~d e.ery such pay~nem shall be immediauly due and paYable and shall bra~ interest from tha date th~~eof until p.,~d at the rate o1 n~ne pcr cenwm per annu:n ond to~rthcr ,nith such intrresr shali be srcured by the lien of th~s mortgage. 4. To permit, commif w sufte~ no waste, impairment or dete~ioration of said property u any part thereof. 5. To pay al{ and singutar the costs, charges and expenses, includ~rg a reasonable atrorney's fee and costs of abstracts of title, incurred or pa~d at .ny time by sa~d MORIGAG'.E, because w in the evero of the (a~fure on ihe part of the said MORiGAGOR to duly, promptly a~d fulfy pe~lorm, d~xharge. _.~~cute, etfect, carp:e~e, co•nply w~th and ab.dr by each and every the stipu~at~ons, agree~neros, tond~t~ons, and covenants of sa~d prom~>sory note and th~s ,:orrgage any or e~~her, and sa:d costs, charges and expenses, each and every, shall be immediately d~e and payab;e; wha~her o~ not thrr~ be nonce da n,3~,d, aften;pt fo co1lec~ o~ wif pending; and the full a~nount of eath and every sucfi payment shali bear interest from the date ~hereof until paid at the o° n~~~e F;er canrum N.rr an~~un; and e11 said coits, charges and expenses incurred or paid, ~ogether wnh such ~nterest, shall be secured by ~he Gen o( th~i n:orfgag0• 6. That ta) in the eve~t of any breach oi this Mortgage or default on the part of the h10RTGAGOR, or ~b) in the event any of sa:d sums of money here~n refe+rad tc be not promprty and f~lty paid wirlun thuty {30} days next air_r the SJmC se+era:ty become due and payab(e, wiihout demand or not~ce, cr (c) in Ihz event each and every the stipu:anons, agreements, conditions a~d covenants of sa.d pro~n~ssory note and th~s nwrlgage any w either aie nol iuly, pro~nptly and f~liy performad, d•schmged, execured, e±fected, compieted, compi~ed wi~h and ab~ded 5y, then ~n e~ther w any such event Ihe sa~d ag ~•egata sum ment~oned in s~~d promissory note then remaining unpaid, with interest accrued, a~d al! monr;s secured hereby, sha11 betu~ne dve a~d pay eo c forthwith, or thereaEfe., at the op!~on of se~d h10RTGAGEE, as ful:y and compleiely as il a~l of ~he sa~d sums of money were or~g~nally snpu:atcd +o be pa:d on s~ch d~y, anything in sa.d prom~ssory note or in Ihis hlo~tgage to the contrary notwithstand:ng; and thereupon or thereafier at the opno~ of s~:l MORTGAGEE, v~~thect not~ce o~ demand, suit at law or in equity, therefore or thereaiter begun, may be prosecuted as if all moneys secured hereby r_d matured pnw to .ts insnsunon. 7. That in the event thar at the beginning of or at any time pending any su~t upon this Mortgage, or to forxtose it, or to reform it, or to enforce F:ayment of any C!31r:1S he~ew~der, sa~d :AORTGAGEE shaR apply to the Cowt ha~ing ~unsd~c~~on fherrot ior the appe~ntment of s Receiver, such Court shall icrhwith app.,int a.ece+.er of said mo:igagcd p~operty all and singular, inctud~ng ~tl and s~nguiar the irtcome, profits, issues and revenues from whatever s. ~~ce der~ved, each and e~e~y of wh.ch, ~t being expressly undersrood, is hereby morrgaged as if spec~ficaily set fonh and described in the gram~ng and }•_,;,end:,m clavses hereaf, and such Rece~ver shai{ have all the broad and effeuive funct,ons and powers in anyw~se envusted by a Court to a Receiver, and s ch appointmeiV shall be made by svch Court as an admitrc-d equ~ty and a matrer of absol~te rigM to sa~d MORiGAGEE, and withoul reference to the y,=cY o~ inadrq~acy of the value of the properfy mortgaged or to the so.vency or insoivency of said M.ORiGAGOR or the defendants, and that svch _•~s, proiits, ~nco~ne, iss~es and reverues shail be appi~ed by such Receiver accord~ng to the iien or equity o1 said MORTGAGEE and the practice of wch Court. 8. To duly, prompt',y ar.d i~lly perfo~m, d~scharge, execute, effect, corr.piete, comply w~th and abide by each and every the st~pu~ations, agreements, ,~nditions and covenanrs ~n sa~d prom~ssory note and th.s mcrrgage set forth. 4. That in the event the ownership o~ the mortgaged prem~ses, w any part thereof, becomes vested in a ptrson other than ihe MORTGAGOR, the ORTGAGEE, its sv;cessors and ass~gns, may, w;rhout nonce to the MORTGAOR, deal with wch successor a successor in mterest with reference to this ~•Tqage and the d<ut hrreby secured in tne same man~er as with !'Aorrgagor without in any way vit[ating or d~scharg~ng the Mortgagors' liabitity herr . de~ or ~Fwn the debt her~try sewred. No sa~e of the prem~ses hereby mortgaged and no forbeara~ce on the par~ of the ?AORTGAGEE or its successors Or a55i~Jn5 and no earens~on of rhe tlme for the payment of the debt hereby secured given by the MORTGAGEE or its successors or ass:9ns, a:~all operate ro re!ease, dncharge, r^od~fy change or affect the or~g~nal liau~l~ty of the MORTGAGOR txrein, either in whole or in part. 10. It is speoflcal~y agreed thaf ti~ne is of the essence of th~s contract and that no waiver of any obt~gat~on hereunder or of the obligation se- c~~~ed hereby sha;i at any ti-,~e thereafter be he:d to be a walver of the terms hereof o~ of the instrumem srcured herby. I1. In n:id t c.n !o the foregc ng month!y payments of princ pat and imerest requ~red by the prom.sscry no!e secvred hcr~b~, mo:tga~or covenants d agrees to pey to ~•~ortgayee n<<h each rn~nrh'y payr.:ent an add~rional sum estn:ated by mortgagee to be eqvai to l. 12 of t5e an~wal cost of the follow- ~ A-AII real prope~ty tax~s iev~e~ or asse:sed agai•.st the above described r^al estate. B- F~_'41~:I'TS on f~re and w~r.dsronn ~nsu~acce as here~n requ:red to be carned on the ~mprov~meits s~tuate on th: above d_scribed premises. C-Prc~r.i~ms o~ such mortgage guara,:ty ir.surar,ce as morigagee shalt from nme to tim.e deem fit ro cany on the loan sxured hereby. Mortgagee sha!I 4-cm t~~ne to t~~"e nonfy mcrtgagot in writing of ihe arr~ou~t d~e artd payable hereunder and s~ch surn sh3il there~pon be due and ,.;bte on tha c!~•= oa~e of rhe ne~t mo•~th.y pay~nent and each success~ve month thereaft^r u~:tii mortgagee sha!I notlfy mortgagor of a change in such # ::~nt. Such wms s~a.i be a~,pl~ed by mortgagee toward the payment of reai property taxes, insurence prem:ums, and mo~tgage guaranty insurance ~ rniums. ~ IN k'~ITPJESS ':::-IEREOf, the said h1 RTGAGOR s hereunto set his hand and scai the day and ear first af esaid. ~ Signed, Sealed and de ' red in t resente of: ~ (Sea4 i ~ Leonard M. Saith ~~,q ' ~ilnl~ I~.LC~ ~ {Seaq ~ Gxacie Ma1e Saith ~~ap ~ ~ S i~TE OF FLORlDA i ~ St . Luc ie ~ ~ ? ~ CJUNTY OF Leonard M. Smith a„d a Befwe me personally appeared Gracie ~le $lnlt~'1 his wife, to me well known and known to me to be ~ ind~viduals described in and wFw executed the fweooing instrument, and acknowledged before me that they executed the same fw the purpoaes rh:~~e~n expre:sed. And the sa~d Gracie M2~lE $mlttl ~ :.:fe of ~he sa~a _Leonard M SIDlttl upon a, ~ rate and privat~ ,:.a~n~~at~on by me taken separete and apart from her said husband, atknowledged to and before me that she executed said instrurr~pt~ g!nd volvn- ~ , ? . ~ r_-~iy and w~thout any compu~sion, const~aint, apprehens;~}Rr fear of or from her said husband. ~ WITNESS my hand and official seal this_. ~ day of `~u~ a.-'~x-~- ~ t . ~ ^ ' ~ ~ - - t~= No ry Pubtic in and i t tate ~ a~ t~ ~ s My Comm~ssion eapires: ~ ~ Retum To: - • ~,l~ ~.~.r~~ 4 ~ ~ 3~ . ~r ~ ~ First Federal Savi~gs 3 loan Associatron ~ O4 Fcrt P ~ -ce , ~~~~5,• t ' .~N+. fo.t P~arce. Ftcrd, ~ ' ~ ~ FIIEU »y~ ki~,~R0E0 ~ ~ ST.~uc~f c,,~~~rr FU _ ~ ~ aoc~~ :~~iRAS ~ ~ CLERK CaURT This Instrument Prepared By : GaZy EllwOOd qE~GF,~ Y;.' ' E~~ ~ First Federal Savings 8~ Loan Association p ~ of Fort Pierce ~ Florida 33450 ~ 28 L 22 f N~~Z ~ Checked By - ~ 2322~~ i ~ oR c~ ~ ~ BOOK ~OJ PAGE 2211 / y . . , ~ _ - - - - ~ ; : ~ ~ _ -~"c~~- 3 r"`~ ~ ~ . _ %G=.. '~",.-ts--"'~'z t _ v,~'~~.~~' .x .