HomeMy WebLinkAbout3074 3. TO p~.~ce a~'~d co:~'~nuo~s:y 4cep on tne Lui'd,~~~s i~o.v O~ terraite~ f:tu.,te on s3~d ~and and on a'. r:i.~pnanl ard persona:~y co~ered by 1h~s mong-
age, w~th a!i prrn~w~~s th.,r..•on F:a.d .n f.,:t, f.re irs.ia•~ca ~n tha vs..al s'~rd.,~d ~'~cy for:n, in a s.::n a~.pro+ed bi ~he A1vR;~•~vtt, a~:d wr.idi~oim
neurancr in ihr us~ei s'a •.i„~d No'.cy form, in a au~~~ a~E ro.ed by the AIJRTG~GEE, in such co~npany or canpanles aa the A'.ORTGAGEE may
d~rect; and atl- fire a~,d vr,nd~torm ms•..~~n~e po:~cies on any of sa~d bu~~d,~ys, any interest ~he~ain ~r Ha~t th~•reof, in the aggr~•gate sv~n aforesa~d o~
in eYCass ~h.rrruf, st~ail ~onf„~n tt~a usu.:t sta~:d~~d n~o: t~~~re clause or wch other c!ause as the Monga~re may requ,re, m.~l~ng ~h:a ;css und.•~ s~~~_'- i-^'=-
:~~~s, each ard evr~r, p.+~.:~'e to s~~d ~:lJRiGAGEE as ~ts ~:var~st rnay appear, and each and e~e~y svch po~~;~ sl:,lt tx F:~o~~~Nrr ossg~~,d a•.d ~e,~=c<<d +o
any he!d hy s~ d ttOR' .aGiE as fu~~her secu•~ry to sa;d nwn~.~3r deb~, and, not :rss than ten (101 dj~s in ad.3~..e of ~hr e.p~r,t~or, of edch po!~cy, ~o dr-
t~ver ~o sa~d ~1AJR:GACiE a re~~~v.oi fhereof, roge~har w~th a rrce~pt fa thr pre;n~um of such re~lrnai; ~~,d ihare aha~l ba no f.re or .v~ ~~s~~~~n in~„~ance
p~aced o~ any of sa~d Lu~'d~~gs, any interest tnerem o~ pa~t ~hereof, uniess in ~he form and ~~nh the ioss payauie as a'oieia~d; ar•d (n ~he e.ent any s.:m
et mJneY Lecu~:es pa~a~:.•.::.der s~ch po,~cy o~ poE~c~es s.+.J MORTGAGEE eh.~il have rhe op~;~n ro r_•c•_~.r .~~:d ~pF:y t},r sa~~~e or, ac.u,,~,t ol ~hz ~~~d~•~t.d-
nc-ss se.~red hrraDy er to perrnn s~d ~.tJRTGAGORS to rec~•~~e ar~d use ~t or any per~ ti~..~:~•~f 4c~ o:~:~r ,.,;r; ~s:s. ._t rn
in~ any ryu~t~, i~•n or ~..~n! un.l<r or b~ v~rtva of ?his mcr:ga~e; and in the evrnt sa'd A102TGAGORS sha!I for any reasun fail ~o E~•.•p the sa!d p~e~n~s_s so
msurrd, o~ fai~ to d~•'~.er pro~„ptly any ot s~~d ~whc~rs of inswance to sa~d MORiGAGEE, or fa~: p::,mp~:y to {:ay f,,.:~ a:~y prz- n~, •z~ ei,_rrfor o. m a• y
iespect ta~i to perEo+rn, dach~r~e, eaac~•te, e4fe:t, ton~p~err, comp~y whh and ab~de by th~s co~e~~ant, or any perr harrof, s~.d M~;2i:,:.G'tE ~nay y~ac~ a=o
pay for su.h inwrence or any par~ rhrreof wiihout waiving or aifec~ing any ophon, Gen, equ:Ty, or nght unde~ or by v~~i~e o1 th~s ~~ortg.,~z-, and thE
t,:l~ mr:ovnt ot each acd e~ery su;h payment Shall ba ~mm~cl~ately due and payable and shall ba.tr int~resi from the d3te thcreof un~d p~~d at tha rete ol
n.u~.pif G.CIl!:~11 ~..c': s::L':,.:G .it11 2~.i=LLct_ht'h svcn in•~°•~ST <hdn :n_• q~~r~(2~_ty the ;~en of th~S mOft9de~@. . . . . . _ _ _ _
3. To ptrmit, co:'~~.:~~it cr i.~tfer no waste, impairm~nt or dcter~o~aLOn of said properfy Ot eny parl therrof.
5. 1o f:~y a:l and s~~:g~~ar ~he cos~s, ciiarges and expensrs: ~ncl~d~~~g a rease~~ab!e attorney's fee a~:d costs o( ahst~ac~s of tit!e, ~ncur~ad or pa:d a~
,ny ti~~c by s~~d h10R1vAGEf, th:.a.:se c~ in the event of ~hr fa:~ure on the parf of ihe said MORTGAGOR +o dury, pro:nptly and fv1~y F•erfor~r, d~scharge
_.rcute, ef(ect, co~r.p:et~, comply w.rh a~~d ab de by each and every the supular:on<, agree~nents, condn~ons, and covenann of sa~d F:ron~~ss::ry nore a~~d ih~s
,:orrgage any or e~~her, and sa d costs, chargea and expenses, each and every, shall ba immed~a~ely due and payab!a; ~nhe+her or nor ~h~•re be ner~ce dr
~~and, atternp~ to to:~ect or suit pend.ng; anu thr full amo~nt of each ar.d eYery suth payment shall bear interrsf from the date therrof ~n~il pa~d at the
ui ~:inr cer c~:~t~•n F~•r an:+„ ond aN aaid tosts, cha:ges ard cx~.eni_s ~rx~rrzd or poid, togethrr ~~~th such ~n~etest, shail bt se:urec! by ih: +~en of th~3
:nortgage. ?
6. Tha~ (a) in the evcnr or any 6~~ach of th~s Morrgaye or def3~tt on fhe part of the 6~.ORTGAGOR, or ;b) in the evem any of sa'd sums of money
herein refcY~ad fo be not pro,n~,t1r and fu~!y pa~d w~thin ~h:~ty ~30) days nexr a:tcr ~he same se+era:iy becorne doe and payobte, wnhout de:~~a~~d o~ ~o~~ce,
ic) in thr r.et~t escn an:i e~~r f ~hr stiN.,.a:~ons, agreements, cond~~ions and covenan!s o4 sa d prom~ss~ry note a~~d t1~ s r.~rtgage any o~ e~ther aie no1 ~
i,:y, p~o~.~ytly an:~ tv;~y perfor~r,ed, d.sc~~erg~d, exrcuted, effeUed, completed, cempt~ed wnh and ao~ded 5y, then in e.thrr or any such event 1Fie sa~d ag
.,-egatt sum inzntioried in said pro:n~ssory n~te thtn re~na+ning unpa~d, w~rh intrrest atcwed, and aJ mone~s secu~ed hereby, sl~all bccume d~e and pa~•
e:, e torthwith, or Ti.er~•aEi,er, at the opr~on oi sa~d MORTGAGEE, as fuily arx! compte:ety as if au oi ri,e sd~d sums oi fi1J~4C~ were or:g~nally st~p~.a~ed
tc be pa.d on such d.:/, snytt~ing in sa d pro~r.,ssory note or in this Mwtgage to the cororary noi.~~rhsta::d~.~g; and ~hereupon or thr~rahe: at the oi:t~on of
s c: MORTGAGEE, w~ei.wt not~ce or de~r.ar.d, suit at law or in eqwty, the~efore or theteaiter be~un, may be proaecuted as ii all moneyi secured hereby
;f rt,a'.:red ar~or tc ns inst~t~tion.
7. Tnat in the e.ent that at the beginn~ng of or at any time pendi~g any wit upon this Mo~tyage, or to foredose it, or to ~e{orm i~, or to enforce
~.~.ment Of any t~aims hereu:~drr, said 711JRTtsAGEE shall apply to the Cou~t havmg ~unsd.ctio~ thirrof for the appo~nunent of a Rece~fer, such Cc~rt shail
r~~rhv:lch appolnt a recei.r~ of said m.ortgaged prope:ty all and singuiar, incl~d.ng ai~ and s~ng~~ar fhe incon:e, p+ut~ts, issues and reve~:~es fro:n whare~er
s. :~ce derivrd, each ar.d every of wh:cn, rt be~ng express'y unders~ood, is hereby mongaged as if speoficalfy set furfh and descnbed m the gra:~r~ng a~ J
r,~,~ndum ua;,ses hereof, and such Recei.-e~ sfiail havr aU rhe br~ad and elfechve funtt.ons and puwers in anya~se emrusted by a Co~rt to a Rec~•~.e~. a~•d
,_k appomtmeni shai! be m.ade by svch Court as an ad:nretrd equity and a matter of abso+ute r.ght to sa~d h1JRiGAGEE, ar.d w~rhout referrnce ~u ihe
n',ry_~:,cy or inadequac/ o: tnc va!ue of the property mortgaged or to the so,ve~cy o~ insoivenc~ of sa~d lAORiGAGOR O~ the de'e~~da:~ts, and th~t such
~s, Frot~!s, income, iss~es and ~evenues shaif be appGed by wch Recriver ac.ord~ng to the lien or eq~ity of sa~d MORiGAGEE and the praU~ce of s~ch
Court.
B. To dv!y, prcme•rty and fu:ly per~o~m, discherge, exewte, effect, comple~e, comp~y wnh and abide by each and every the sttpu:at~ons, ag~eements,
::,nd~t~ens and covcna:vs ~n sa:d prc~~issxy no:e and th:s mcrtgage set forth.
9. That i~ the e~ent ti:e ownersh:p of the mor!gaged pren;;ses. or any part thereaf, 6ecor»es vested in a perwn other than the MORTGAGOR, the
:_`RTG:.GEE, its su:cesso~s a~.d ~ss~~ns, may, wrthout nohce to the A50RiG/aOR, deel r:un s~ch successor or successor in interest w~th rrfrrence to this
• o-!gage a~ d the 3_bt he~et,y S:cGWe(~ in the sam? manr.er as w~th ,•.t~rtgagor w~thout in any way vit:atir.g or d~schargie~g the ~ticrtg~gors' liability here-
__i,~r or upon the d<~i~t h~•~cbr sec~~r_~d. No sa'e of the Frer.:ises hereb~ mortgaged ar.d no fo:bearan~e on the part of the IAORTGAG~E o~ its successors
ass~gns and no exTers:o? ~f the e;~n~ for the paymem ot the debt he~eby secured given by the 1~tORTGAGEE or its successors or ass:gns, a~~all operate
o re?ease, d.scha:ge, mcd~fy change or atfect the ocig~na{ iiau~nty of ~he MGRiGAGOR liere;n, eithe~ m whole or in part.
10. It is speof~cai~y aqr~ed ihat time is of the esser,ce cf this confract and that .+o waiver ot an~ o6;~ga~~on hereunder or of the ob:igation se-
~ed hereby aha~~ at an~ t~^,e rhr.eafier be heid to be a wa~rer of the terms hereol w of the instrument secu~ed herby.
I I. In ,~:id':c:; 'o t! e fcreg~ month!~ pa~m^n!s of princ pal and inte:est ~equ~red by tne prom,sscry ne!r s.cured herrby, mortga3or covenants
i ag~ces ra Ney ro ncctq:~g•~e .+rh each n~~n'h'y ;.a,~ ent an add~~ional wm esr•mated by mortgagee to be eqva~ to l. 12 0( rhe an:,ua! cosf of the foifow-
i
3
~ A-A~I r_al ~.rop<>>t~ taxes iev~ed or aszesscd ag+~~~st ~he aL•ove descr~bcd real es•ate.
~ 5- Pr.~ .,-5 e~ f~~_ y•d ..~:.ci~r_~~n irsu~a•ce as I~ere~n r.~q,,red to be can~~d en th~ .mrr~veme~ts s:tuatr on th_ auove dcsu~bed prem~ses.
C-Prer s u^ >cih ~rt~.,ge gua~snt~ ~esura~.ce ns rno•tgagee sha:t irco, ~ r~e !o t~~ne dcern fit to carry or, the loan sec~red hereby.
f
€
s Mo!eqjqee s^~'! frcm tu~._- to t~~*~e nct~fy m.ertyagor m writin9 of the amou~t due and payable hereund.rr and suth sum sl~.~!I therc~pon be due and
i ..-6:r o~~ th~ c:_ ~ere of ih> n~+t ;,.o~th:y pay~n~•nt end each s~ttess~ve rronth tnereaft_r ~r.~i~ rncrtgagee sha!t notify mortgaqor of a change in such
i
~.:~~~n~. $uch ;.,~ss s-~~ be apF:f~ed by mortgag-_e to~xard the payment of real property taaes, insuiance prem.ums, a:~d mortgage g~a~an~y insurar.ce
. •'.i.fi~s.
p I`1 •::IT`Jf~S :JNERE~Jf. tne said N,t7RTGAGOR has hereu~to set his har.d and seal the day and yea~ first aforesaid.
n Signed, Sea!ed a:zd deti+ered in the presence of: ~_~~p
~ - - FILEO ANO RECOROED + '~~~'~`O c~~t-~.C.O~ • (Seal?
s - ST. LUCiE COUMT~ flA. Harold Smithson, Jz ~ _tseat)
~ ~ p_ ROCER POITRAS V?1ot++aww.nt 5~w.~o~..~, (~aq
~ CIERK CIaCUtT_COURT ~
~ RECORD vEFtFiEO Marianne Saithson ~~a~~
~
CaQ;.A
~ :-..TE GF ~ i.~ I~! !2 s4 PM'71 2436`73
~ ;JU'JTY OF .~~•~'`'~~L---- - 1
~ Befcre me personaliy appeared Harold Smithson,Jr. _ and
~ Marianne SIDlt}1SOA _ his wife, to me weli known and knorfn to me to be
J - -
N indrvfduafs desv~bed in and who execured the foregoing instrument, aod acknowiedged before me that they exewted the same for the purposes
Marianne Smithson
n ~!~•~rei~ exp•essed. And the sa~d_ - -
~
~ .;.'e of tfie said __-_barQ~a Smithson, .jl. upon a separate and private
~ . ~m nat~on by me taicen separate and apart from her sa~d husband, acknowledged to and before me that she executed said imtrument freely and volun-
.;;y 3nd .~v thovt any compuls~on, constraint, apprehens,on or fear of or from r said husb~
~ 1YITNESS my hand and o4f~c~al seal this__ ~ _ da f _ A. D. 1972
r., . . ..~~.;~i .
~Z t~.•~
Notary P~bGc in and for State of Fi~r+dd ~t~jpe ~ a%
My Comm~ss~on e~pires: -1675 ~°~/l:il_-- ~ ' ai
- Retum To: : '
f'rst Federal Savings a Loan Associat,on , ~ ~ , ; . • ,`r^~ ` ' • :
F:; .~Y: _ F,~~~~~, - • n e' ~
_ . .
_ : _ ..p ~ -
This Instrument Prepared by .J. H. Robert5~ Jr. ~~~"c •
First Federal Savings & Loan Association
- of Fort Pierce ~ Florida
~
Checked By -
~ ~~~~9 ~g
_ ; s
54i:
y-. _ _ _
. _ _ y
~ - ' z
_ ' , . - ' _ ' .