HomeMy WebLinkAbout2907 3. To placs snd conti~uously keep a+ the bui!d~~~gs now or hereafter ~ituate on sa~d Isnd a~d on all cquipme~t a~d personally covered by this mwtg~
ege, with all premiumi thereon {~.?Id in futl, ilre insurance in the usual s+andard po!icy form, in a sum appioved by the MORiGAGEE, ~nd wind~~am •
i:uur~nte in ihe os~al stand~rd po~•r/ twm, i~ a sum approved by the MORIGAGEE, svch tompany w tompania a~ Ihe MORiGAGfE may
d~rec~; and all (ire aru! w~nds~orm insurance pol~ties on a:~Y of said bu~ld~wgs, a~y inte~est the~ein or part ~hereof, in tF+~ a99~ega~e sum aforeisid w
in excess ~hereof, shall :ontain ~he usual standard mo~tgagee c~ause o~ such other clauss as 1he A~oitgagee may requ~re, maAing ihe ~oss unde~ •a~d po14
c~es, exh and every. Pay~S~e ~o sald MORTGAGEE as ~ts intrrest may appear, a~d each and every wch po~icy ihall be p~a++P1~Y a~s gned ~nd delivered ~o ~
eny held by ~aid A10RfGAGfE as fu~thor ta~rity to aaid matsage deb?, a~~d, not le~s ~iwn t~n (10) days in advance of ~he eap~~d~on o! each policy, to dr ~
I~~er to said MORTGAGEE a rtnewal thereof, togr~hrr with a ~rce~pt for 1he premium of such renewal; and Ihe~e ~hall be ~0 1~re o~ wi~~d~torm insurance
placed on any of sald buildings, any intc~est therein or part thereof, unles: in the form a~x) with ~he loa~ payabla at afweuid; and i~ the even? any tum
of money bccome~ paya6te under iuch policy or po~~ues said MORTGAGEE shall have the option ~o recaive and apply the same a? accoun~ of the indebted-
nrss secured hereby a to pe~mit said MORTGAGORS to reteive and uu it or +ny part thercof ior o:ner purpaaes, v.~thout th_~cb~ waiv~~~g or ~mpair-
~nq any eqv~ty, lien w right unde+ o? by virtue of this mo:'gage; and in the eve~t ?a~d MORiGAGORS shall fw any refuwn ~ore~~u~n~iherefw r~em'^e any
~nnured, a fail to drliver promptly any of said po!ic+es of insurance lo said MORiGAGEE, o~ iail promptly to pay y Y p
~rspec~ iail to per(wm, d~scharga, execufe. e(fect, comp~eta, comply wi~h and abide by ~hls cove~ant, or any part hareof, said MORT; AGEE' may pface and
pay fo~ such insu~ance or any pa~t thereof w~thout waiving or ai(ecsing any opuon. Iien, cqu~ty, or right under w b~ virtue o( this Mo~tgage, and the
f~ i amount of each aod eve~y such paymem shall be ~~~mediately due and payable a~x1 shall bear inrerest irom tha date thereof uneil paid at the rate of
e per centum oer annu:n ~nd to3estrr with s~ch interust shali be secured by the Gen oi this mwtgage.
3. To permit, commit a suffer no waste, impaircnent or deteriotation of sa~d property or any part thereof. .
5. To pay all and singulsr the costs, chargea and expenses, includ~ng a reasonable atto~ney i fee and costs oF abstrads of title, incurred or paid +1
,~y i~~.:e by said MOR1GAGfE, because w~n the event oi the fa~lure on the part of ~ne soid MORTGAGOR to duly, p~ompdy and fully perform, d~xharge.
e,~c~fe, eifeU, comptete, comply wnb and ab:de by each and e~rery the stipuianons, ag~ermenu, conditions, and covenants oi said p~an~ssory note and this
,:o~~gage any w e~+her, and sa d coats, charges and ex{xnses, each and every, shall immediately due and payable; whether or not there be no~ice do-
n;~nd, attempt to collect w sui? pend~ng; and the f~lt amount of each and every such paymen~ shal~ bear intereat Irom the date thereof until paid at the
o~ n~oe per crnwm p.:r annu:u; an~ au sa~d ces~s, charges and cx~anses incurred or paid, together w~th such interest, shall be secured by the lien of thi~
mortga9e.
6. That (s) in the event of any breach of this .\Aortgage or default on the pa.t of the b~ORTGAGOR, or (b) in the event any of sa:d sums of money
he;eln referied to be not prompHy and fully pa~d within th~rty (30) days next a~rrr the sa~ne severa:ty Ixcome due and payable, without demand or ~otice,
.r (q in the event each and every the sGputarions, agreements. cond~tions ard covenants of sa;d pfornissory note and th~s mortgage any o~ either are not
±,,;y, promptly and lully performed, d•scha~ged, eKecutz-d, effecred, ca:~~,!eted, compi~ed vrnh and abided Sy, then in e~ther or any such eveM the said ag
~-._gate sum meMioned in said promisswy note then remaining unpaid, with intere5t acuued, and atl moneYS secured hereby, shall becon+e due and pay-
a~ a forthwith, o+ thereafter, at the op~~on of sa~d MORTGAGEE, as fuily and comp~etely as if all of the sa~d sums of money were aiginally stipulated
co be pa.d on such day, anything in sa:d pro:n~sswy note or in this Matgage to the contrary natwithstanding; and thereupon o? thereafter a~ the option of ~
sa.d MORTGAGEE, w~thout notice or demand, suit at law w in equity, therefore or thereairer begun, may be prosecWed as if all moneys secured hereby
r.,d matured pr~or to ~ts institution.
7. Tha! in ~he event that at the beginn~ng af or at any time pertding any su~t upon tl~is Mortgage, or to foretlose it, or to tefwm if, or to enforte
p~:ment of any ciaims hereunder, said A10RTGAvE~ shall apply to the Co~rt hav~~:g ~urisd.uiai thereof for the appointment of a Receiver, svth Covrt shall
f_ r~:wirh appu~M a recrive~ of sa~d mortgaged prop~•~ty all and s~r.gular, inc:ud~ng ail and singu~ar tt,e irtcome, profits, issues and revenues from whatever
_~•ce derived, each and every of •,~vh:ch, ~t txing express!y unders~oed, is hereby rt:ortgaged as if spec~iically set forth and dexribed in the g~anting and
hs~~er,dum dauses hereof, and svch Receiver shail have ail the bread and eifectire fur.u~ons and powe~s in aoywise eNrusted by a Court to a Receiver, and
;h appointment shall be made by suth Cou~l as an ad~r.~tted equity and a m. tte~ of absolute riyht to sa~d MORTGAGEE, a~d withoul reference to the
ade ~~~;q w inadeq~acy of the value o( the ~xoperry morrgaged or to rhe so~ency or ~r.,ulvency of sa~d MORiGAGOR a the defendants, and that such
~~;~s, protits, incane, issues and rever.ues shali be appl;ed by such Recewer accord~ng ~o the iien or equity of said MORTGAGEE and the practite of such
C'J:Jf}. ~
8. To duly, pro~npt!y and fully perform, discha~g~, exec~te, e~fect, coT~Iete, canf,iy with and abide by each and every the stipulations, agreements,
c_,-di!icns and covenants m sa:d promissory nose and th's mortgage set fo:th. ~
9, That in ~he evertt the ownership of the mortgag~d premises, or any part thercof, becomes vested in a perwn other than the MORTGAGOR. 1he
.'JRTvAGEE, irs svccesse:s and au~gns, may, wiihour notice to ~ne MORTGAOR, deal with svch successw or successa in interest with referente to this
~•+gage ard thc debt hereby sewred ~n the same manner as wrth h5ortgago. without in a~y way vi~~ating w discharging the Mortgagors' liability hert
;ndar or upon the debt hereby secvrrd No sa:e o4 ~he pre~niiez hereby mortgjged ar.d rto forbearance oo the part of the MORTGAGEE or its successors
r dss:g~s and no eate~s~on of the tirmo for the paymem of t!+e debt h~e•:by src~red g~ven by the MORTGAGEE or its suctessors ot assigns, sliall operate
ro re _ase, d:scharge, modify tha~gz or aSfect tne o~iginai liac:l~ty of ~he /~~ORiGAGe7R herein, either in whole or in parl. i
i
10. It is speuficaily agreed that t~me is of the essence of this contract and that no waiver of any ob~~gation hereunder or of the obligaf'an x- ~
c:~•ed h.:reby shal: at any time ~hereaf~er be he:d to be a waiver of the !erms hereoi w oi the instrument secured herby.
11. In ad:l.tio~ to tne forego ~•g manth±y par,~c•ms of p~inc pal and interest requi:ed by the promissory no~e secured hereby, mortgagor covenaMs
;gr~es to pay fo rt~G"~g:CCE v.nh e~c~ +~o~~!hi~ ;::~;•~.e~~r a~ add ~ic,~ai sum cs+~~•~ated by mortgagee to be eqval to 1;'12 of the annual cost of the follow-
A-A~1 rcal property taxes 'ev~c:: or assess-.-ci e]3i~~5• the acove desoih~ d rea~ es'ate. •
g-Fc~m~:.mt on f~rP m:d v~ir.dstorm ~r.;ur~~ te ~5 rte'_~n rcqu:r_d To be tarrird c~i the imr~oveme~ts situate on the above d°stn'cx~ premiseS.
C- Pre~T~~u:~ s o~ svch mor.g;.ge a~a~a~:ty inw•arce as mo•rgayee sha~l fro^~ ~ me ro t:me deem fit to cany on the loan secured hereby.
Rtortgagee s~a!i Erc~*: t~:ne to tir„e noe~r; r,orT_a~~::+ n vn~t~ng of tne a~: o~~i due a~d payabte hereundar and sucl~ su:n shail thereupon be due and
:b:e on the due aa'e of fne nt~t ^:ontr:/ pay«*e:~t ard e.:ch s~ccess~ve R.u•~th rhereafrcr ur.tit mortgagee shalt notify mortgagor of a ehange in such
:n~. Such svms sHail L•e appG~~d by ~ncrty~y:~ sor.a~d tne payment of reai properry taxes, insurance prem~ums, and mo+tgage guaranty insurance _
j . _ ~ ~~^`s. ~
` IN \'lITUESS 'lJHER~OF, she sa~d ?,f,ORTG~.GOR has hercunto set nis hacd and seal the day and y firsf afwesaid.
i S;gned, $eated and deliv ed in the presence of: ~'~:GU'1 ~G2LQCL~-L Ls~ ~
~ rc's4
~ t~ Ar t r ChesteY S' th
sq
' c: - (Sea4
~
; _ eila A. Smith - ~'`J ~s~,q
;':+TE Of FLORIDA 1 •
u.
;~!1TY OF St. Lucie _ i
Befwe me persona!ly appeared AYtht~r Chester Saith a~
Sheila A. Smlttl his w+fe, to me well known and known to me to be
,.e ~ndividvals described in and who executed the foregoing i~strument, and atknowledged before me that they executed the same fw the purposes
a~in expressed. And the sa~d_ SYi@lla A SIDlt~l
of the ~~d - Arthur Chester $IDlt~l upon s separate and private
~at~o~ by me taKen separate and apart from her said husband, atknowledged to and before me that she executed said instrument freely and voluo- 4
i and without any computs~o~, constrair.t, appreFw sio!n, or fear of w from her said husband_ 74
V11T~IESS my hand and of(~c~al seal ih~s__,~~'~~ day o ~y D. 19
~ ~ i ,CC C t • ~ -t, _
~
~ Notary Public in and for the te of Flori , t large
My Comm~siron expires:
Return To: ~'=`2- - ~=5
F~:st Federal Savings 3 loan Associ~t[on - `,S'
Of Fort Perce. ,._•.1:i1HlJIfI/~~~r-: '
UROED : ~ ~ ~~i, ~
Fort Pierce. Flor~da p ANU KEG Y Fl~• • `S ~fj'~ •~i " • !
fILE ~OVNt ' t'v •'nt;: :
T ~~1f g
~ s~ ROG~F ~~U~ ~~VAt ~r~" : i~. F~~ ~~~b; i
c~~ax ~ Eo ~ - :
~ S''~ 07A:+~.Y'• ~
~~DYF;.:ti• _ '~~i+:-r r-sr.~j;
• 1
This Instrument Prepared By J. H. Roberts Jr.af~ ~t~~ do~+'
Z~ r ~L.. ,
First Federal Savings 8 Loan Association ,4 ~l a r ~ ; ' . ~ : ~ ~ g
of Fort Pierce ~ Flor ida Uli ~ 1 C.~:
r ~t.~.,
ry .%y~~,~_~
::..:.~,_A1~;`~,,~ ~
Checked By ~ ~$~'~,S I e~~C(~~D~? M~~` .
. /'~i' ~I {l~ ~ ~1 ~i,`y .
. ~ ?l.'~~~ '
!(t~ 1 PACE~~ ~ ~
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:RY,~,, .
f=s~;;~s~~ ~ _ - _ - I - y~ ~
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