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HomeMy WebLinkAbout2909 S ~ 3. To plsce and conrinuously keep on the bui:dings now or hereafter situate on said ~and and on all equipment end peroonally coverld by thif mat¢ t age, with all premiumf thereon pa~d in full, fire inswance ~n the usual ~tandarJ pu~~cy io~m, ie a sum approved by the MORTGAGEE, a~d windstam ins~rance in tAs usual s~andard policy fam, i~ ~ avm ~pproved by ~he MORIGAGEE, i~ suth comp~ny w compsn~es as tM MORTGAGEE may d~rech and all iire and windttorm insurante po~k~es on anY of said build~~+gs, any iroerest therein or pa~~ the~eof, in the a99regatt tum afaesaid or ` in exccu the~eof, shall contain the usval standard mortgagee clavse or such o~her dsuse as ~he Ma~gagee msy req~~re, makinq the loas under •ak! pdi~ 1 cies, each and evc?y, payable to said MORTGAGEE as ~b iMarast may appear, and each and every such po~icy shall be prompily ass g~~ed and detivered ~o any held by said MORiGAGEE ~i further secu~ity to said mortpage deb?, ~nd, not Ieu than len (10) days in adva~x~ of the expiration of eich polity. 1o da liver to said MORiGAGEE a renewal thereof, together with s rete~pt for Sl:a p:e.'.':=:S.T. c! e~~th renewal; and there ~hall bs no fire o~ windstonn i~i~raMt placed on any of ssid build~ngs, any inlerest therein w par~ Ihe~eof, un!esa in the form aM! with ~he lo:s payabfe as aforesaid; and in the event any sum E of money becomes payabte undcr wch policy w poli<ie~ said h10RiGAGEE ~hall have the optio~ to receive and apply the sa~ne on accouN of the indebted- _ ` ness secured hereby or ~o permit said MORIGAGORS to rcceive and use it p any pa~t thereof fo~ other purE~oses, w~thout ~h~rco~ war+u~~ or unpair- ~ ing any equity, lien or right unde~ ot by virtue of Ihis mo:tgage; and in the event sa4d MORTGAGORS shall for any reason fail to keep the said {uemi~es s0 ;nsured, or fail to deliver p~omptty any of said po~~ces of insurance to aaid MORiGAGfE, or fail prompfly to pay fully soy pra~u~m therefo~ w in any ~ respetl fail to pe~fo~m, d~scharge, execute, elfed, comp:ete, co~~~p~y with and abide by this cove~ant, a any part hareoi, said MORTGAGEE may plate and pay for such insurance or any part thertof without waiving or affetting a~y option, lien, equ+ty, w right unde~ o~ by virt~e of this Mortgage, and tht tult amount of each and every such payment sh.+l! be ~mmediately due and payable and shall brar interes~ from the date thereo( until paid at the rate ol ~ r~:,e pcr cemum per annwn a~~d to3ether with such ~nre~esr shaii be srcured by the lien of Ihis mwtgage. 1. To permit, tommit or suFier no waste, impainnrnt ot dete+ioraKon of suid property or any part thereof. 5. To pay all and singulai the costs, charges and expenses, including a reasonable attorney i iee a~d cosis of abstracts of title, incu?red w paid at any timc by said MOR1GAGfE, because or in ihe event of the faelure on the part of ~he said MORTGAGOR ro duly, promptly and fv~ly perfwm, d~xharge, ~xewte, effed, comptete, tomply wuh and ab:de by each and every the stipulahons, agreen~ents, conditions, and covenan» of said promissory note and Ihis morrgage any or either, end sa~d coats, cha~ges and expenses, each and every, ahail oe immed~ately due and payable; whether or not there be notice d~ mand, attempt to toilect or wit pend~ng; ar.d the fu~l amount of each and every such payment shall bea~ imeresl Irom the date tlureof until paid a1 the r,,+.• o! nine per cantum par anou:n; an~ ail sa~d cos~s, ehaages and ea{xnses ~ntu~red w paid, together wJh suth interust, shal! be secu~ed by the lieo of th~~ morlgagC. 6. That (a) in the event oS any breach of this Mortgage or default on ?he part of the MORTGAGOR, or (b) in the event ~ny of saEd sums of money herein referred ~o be not prpmpt~y and futly paid wirh~n th~~ty (30) days next a+ter the same severatly become due and payable, without demand o? notice, er !cl in the event each and every the stiputations, a9reements, cond~tions and covenanrs of sa:d promissory note and th~s mortgage any or either are nol i•~ly, promptly a~d fully perlormed, d;scha~ged, executed, e{fected, compteted, compGed wi~h and ab}ded by, then in eithet w any such eveM Ihe said ag yr,gafe sum mentioned in said pror~iisso~y note then re~naining unpaid, with interest accrued, and al~ moneys secured Fxreby, sha~l beto~ne due and pay- ae, e forthwith, or thereaFter, at the opt~on oS sa~d MORTGAGEE, as fully arxl compietety as if alt of ~he said sums of money were org~nally stipulated ro be pa~d on such day, anything in sa.J p~o:n~sswy note ar in this Mortgage to thc con~rar~ notwithstandfng; and Ihereupon or thereafter at the option of i.,:d NtORTGAGEE, w~tF.out nonce or demand, s~it at law or in equity, therefore w thereaiter begun, may be prosecuted as if a!1 mw~eys secured hereby r.cd rnafufefi pr~Of t0 iti initilution. 7. Thaf in the event that at thr beginn~ng of w at any time pe~ding any s~it upon this Mortgage, w to fwetlose if, w to refwm i1, or fo enfwce p,~ ~ment of any ctaims hereweder, said MORTGAGEE shall apply to the Court hav~ng ~ur~sd~ction thereof fw the appointment of a Receiver, wth Court shall i--.:rh,,vith appoim a recciver of s.+d m.ortgaged pro~rty all and singula~, inc~ud,ny a:t and singula~ the income, prol~ts, issues and revenues fran whatever s; _~~ze derived, each and every of wh~~h, 1r be~ng ~xpressly understwcl, i: herebt m~~r~eged as if speufically set fo~th and dexribed in the g~aMing and 6~t-._ndum clauses her~of, and such Receiver shall have ail the brcad a~:d effect;ve fu~.c! cns and powers in anywise entrwted by a Cou+t to a Receiver, and s-;h appointme~v shall be made by svch Court as an admitted equity and a rt:a~fer of absolu~e right to iaid MORiGAGEE, and without reference to the a~~quaq w inadeguacy of the val~e of the property mertgaged or to the save^cy or ~nso~vency of said MORiGAGOR a the defendants, and that such r~~-~!s, profits, income, issues and reven~es sha~l be appiied by such Receiver accurd~na to the lien w equ~ly of said MORTGAGEE and the practice of suth Court. 8. To duty, promp!:y and fu~ly per'orm, d~scharqe, ezecute, effect, complete, cor.,N{y v~ith a~d abide by each and every the sfipulations, aareements, _~rd~t:ons and covrnants m sa~d prom~ssory note and th:s rt:ortgage srt forrh. 9. ihat in the ev~nt the ow~ership of the mortgaged pre~n~ses, or any part thcreof, 6ecomes vested in a person other fhan the MORTGAGOR, 1F~ :.~CTGAGEE, ifs successcrs and assigns, may, w~+houi no~ice to the YtORTG~^R, deai with such successo+ or succesaa in iMerest with reference to this ;•rgaye and the debt hereby secured in the same manner as with "Ar.tgagor vvirhout in any way vitiating w d~scharging ihe /Aortgagors' liability herr ..i~r or upon the debt hereby secur~-d. No sa'e of the FreT:ises hcreby mortgaged and no forbearance on the part of the ?dORT('iAGEE o~ its svecessoq ~r ~s;;gns and no exrension of the ~ime fo• ~he prym.em of the debt he~eLy secured g~ven by the MORTGAGEE or its successws or ass;gns, ahall operate ro rz~ease, d;scharge, mo~~(y change or aticd ~he oriy~nai iiau~l~ty of rhe MORTGAGOR herein, either in whole o~ in part. 10. It is speu(~cally ag~eed that ti~ne is of the essen~e of tl,is contract and ~nat no waiver of any ob~igation hereunder or of fhe obl'gsYwn se- cured hereby shali at any time therea're~ be heid to bt a waiver of tha lerms herecf or of the instrument secwed herby. I l. In add.tioi tu ihc (orego ng :•~o~:h~y Naya~:-nts of pri:•c'pa4 and interest required by the prom~ssory no~e sctured hereby, mottgagor tovenants ; c agrees to pay to n:o-t9.+gee with each month:y pay~:,ent a~ add:r~onal svm csti~etated b~ morfgagEe to be equai to 1~`12 of the annual cost of the follow- A-Ail real pro~rty tax.s ~ev~e~ or asses~c•d ay.3i^s! th•_ acove described real estate. B-Pr.~r~ ~u~:~s on fire and ~:<«ds!orm ,nswacce ~s he~~_~n raqu~red fo be carri~d on the improvemeats situate on the above dascribed premises. ~ C-Pre•rJ~„ns on sucn ~r.or.~,,ae guara~ty ~r.sura~ ce ~s mortyagee shail from r me to time deem Iit ta carry on the loa~ secured hereby. ~ hlortgagee s~~'I from :~~n~ te ri~•;e n~rifi rr.criysgcr m wrrt,ng of the a:r.oa~t dve a~d payabie hereu~der and such sum shall thereupon be due and F ,b~e on the due tiate of ~h~ n•_.r ~:ont~~•; cay~~.~nt and each successivr month thereafter ur.til mortgagee shali notify mortgagor of a change in such ~:•unt. $uch svms sha:l be appi~eJ cy mortgay.e to.va•d ti~e payment of real pruperty taxes, insurante prem:ums, and mortgage gua~anfy insurance ~ ri~~ms. IN \YITNESS V+MEREOf, he sa~d MORTGAGOR has hereu~to set his hand and seal the day and year first aforesaid. Signed, Seal and del ered in the esence, of: ~f ( ~ 7 Q, C . ,Gc'J ~ (Ses4 ~ C. Ronald Smith ~sn - ,n.f_~ ~ ~ ~ s~..c~o/ ~ '1'11-Q. ~ e r5esq l.annie J. Sm h ~~,n ~."aTE OF FIORIDA 1 } S5. ">u'aTY OF St . 1.11C1Q ~ Before me rsona'I a C• Ronald Smith a~ pe y ppeared _ ' ~ Iltl le .1. $ml t t1 his wife, to me well known and known to me fo be E „d~viduals described in and who executed the fwegoing instrume~t, and acknowledged before me that they executed the same fw the purposes 3 rherein expressed. And the said ~nie .J. 5011tf1 i f~ of the sa~d C•__ ROnald SIDiL~l _ upon a separate and private ~ ~.am~nahon by me taken separate and apart from her said husband, acknovv~edged to and before me that she executed said instrument freely and volum and w~thout any compulsion, constraint, appre Lns~' n.,,~r fear of w from her said husband. WITNESS my hand and offic~a{ seal th;s_ ~_I..i.~_ day of ~'~a . A. D. 197'4 3 ~ - ' 1 f t~ s ~ Notary Public in and for the S e of Florj a at Large ~ i My Commisiron expires: ~~n Gn,~ - Return io: ~-~t'~ 7 ~ I~ First Federal Saviregs S loan 4swciat;on O( fort P:ere°. • fo:t Pierce, Florida HlEO ~NU NECUR~ED _ . ; ' ; . fT. LUCIE COUMTY FLA. ~ • ~ ROC"_R ~~ITRAS . ~~~,i t~ ,~'1~~~'~,~~ i CLEP.Y C' ::.i1tT CO11RT ~ ~ ~ ; ~ REr,~,Ft vfF:~!iD ~ • ~ • - . ' ' ` . ~ = - This Instrumert Prepared By John W. Collins First Federa) Savings 8~ Loan Association IU ii AM ~7`t - :*m" c" of Fort Pierce, F loY i da - ~ : a ` ~ ~ ~ ' ' Yc 28~158 ~ „ Checked By ~ . v'~~f ~t:~~~..;: A,~.~~` ~~'Jaruii~+A?,~~,r• ~~'<i ~`~'7 eA~E2907 ;.~~va:..~ - - ~ .