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Home My WebLink About2913 1. To place and continuousiy keep on the bui:d~~gs now w hereaf~e~ s~tuats on sa~d isnd and on ali equipment +nd perwnally covered by this mcx~q- age, with aU premivmf thereon pa~d i~ iull, fire tnsurance in the usual standard po~icy (orm, in a sum tHproved by the MORiGAGEE, and windstwm insurance in ~he usual standa~d po~ cy (am, in a aum app~oved by ~he 1NORIGAGEE, in such company ot ca++P+~~es as th~ MORiGAGEE may d~rect; and all iire and windstorm insurance po~~cies on a~y of •aid build~ngs, any interest fherein or pat Ihereof, in tM apgre~He ium ifa~iaid o? a i~ :acets thereof, shall contain the uswl s~anderd mortgagee clau~e w iuch o~he~ clause as the Mo~tgages may reqwro. maAing ~he loss under •e~d po1F ues, esch and every, payabte to said MORTGAGEE as ~ts imerrst may appear, and each and eve~y such policy shatl be p~ompdY ass gncd and delivered ~o eny held by uid MORTGAGEE a~ (urfher ietu~ity Io said mwtyage debt, and, not leu th~n ten (10) days in advante of 1M exp~ralion of eath policy, to da I~ver to said MORTGAGEE a renewal thereof, together with a receipl for the premium of such ~enewal; and there shall be no fire or winds~orm insurant~ ~ otaced on any o( said buitdings, any intercst therein or par~ ~hareo(, unless in rhe form and with the loss payable as ato*eu~d; and in the event a~y sum of monsy becanes payable unde~ iuch poticy o~ pol~c~es sa~d MUkilalaGEE shaii havn ~iw oNS.w~ to rc:c~:e r:~ ti applr ^i ~M indahted ~ ness secured hereby ot to permit sa~d MORTGAGORS /o reteive and use it w any ,~art thercul tor osh_•r pw}~oses, wiihout tM~cb~ wa~y~~~g or unpair- ing any equ~ty, lien w right unde~ w by virtue of this mor•gage; and in Ihe event sa:d MORIGAGORS shall tw any reason fail to keep the said p~emisrs so ~~~svrc~l, ot fail to deliver promptly any of said policies of ins~rance to said MORIGAGEE, or (ail promptly to pay fully any premium therefp or in a~y respect iail to pertorm, d~scharge, execute, e~fect, compteta, canply wiih and ab~de by this covenant, o. any par~ he~eof, said MORTGAGEE may place and pay (or such insurance o~ any part thereof w~~hoW waiving w affecting any op~iai, lien, equ~ly, or ~igh~ under o• by virtue of this Mo~tgage, and the t~11 amuunt of each and e.ery auch payment shalt be immrdiately due and payab!e a~~d shall bear interest trom tha data thereof u~uil paid at the rate ol ti ~,~r.e pet centum per annum and to~r~hei tvith wch in`e~r+t shali be secu~ed by the Gen of this morlgage. ~ 1. To permit, commN w suffer no waste, impairment w drter~oration of said prope~ty or any part thereof. ~ 5. To pay all a~d sirgular the costs, charges and expenses, ~~cluding a reasonab!e atlorney i fee and costs of abstratts of title, inturred or paid at ~ jny i~~ne by said MORTGAGEE, because or in ~he event ot the failure on the part of ihe said MORTGAGOR to duly, promptly and fully perlorm, discharge, t _,ecute, etfetl, cemplete, compty weh and ab:de by each and every the stipulatian, agreements, conditions, and covenanq oi sa~d promissory note and this ; mortgage any or eiiher, and sa+d costs, chargts and expenses, each and every, shal~ be immed~ately due and payable; whether o? not there be notice de i mand, at~empt to collect or suil pend~ng; and the full a~nount of each and every wch paymem shall bear interest (rom Ihe date fhereof until p~id at the ~ ~i nine per ce~vu~n pat annu:n; a~~c.' a~: sa[d costs, cha:ges and cXpenses ~ncurred w paid, ~ogether w~~h svch iNerest, shall be setuted by the lien of thia mortgage. 6. That (a? in the event of any breach of ~his A'tortga9e or defautt on the part of ihe MORTGAGOR, or (b) in the event any of sald sums of money herein refe~red to be not promptly and fully paid within thlrry (30) da~s r.ext a{t~. the sa~ne severally become due and payable, without demand O? notite, c. (c} in the event each and every the stipu~ations, agreemeros, cortd~t~ons and covenants o~ sa:d promissory note and thls mortgsge any w either are oot ~u:y, promp~ly and fully pe~(ormed, d scha~g~_d. eaecured, eifec~ed, co:np!eted, compi~ed with a~d aCidad by, ~hen in eithei w any suth eveM the said ag egate sum mentioned in said promissory ~wte thrn remaining unNaid, with intere;t accrued, and atl moneys setured hereby, shall betome due and pay- ai, e forthwith, or therea(ter, at the option of sn~d MORTGAGEE, as fully and comp:etcly as if all of the sa~d sums of money were originally itipulated ro be pa:d on such day, anything in sa.d promissory note or in this Mertgage ~o Ihe co~vrary notwithstanding; and thereupon w thereafter al tha oplion of s~:d h10RTGAGEE, wifhout nonce or demand, s~it at taw or m equity, therefore w thereafrer begun, may be prosecuted as if all moneys secured hereby r~d maWred p~~0! t0 di In3litutiptl. 7. That in the event that at the beg~nn~ng -~f or at any t~me pending any su~t upo~ this Mortgage, or to foretlox if, or to reform it, or to enforte ;:.,yment of any c~a;ms hcreur.dar, said MOR'Gr+G~E shal~ apply to the Court havicg ~unsd,uion thereot ior the appo~ntment of a Receiver, such Covrt st+all ~ ,~.rfn.vith appoim a rr:ei~er of ~aid mortgaged propa•t~ ail and singular, iodud,ng a:1 a~~d singular fhe incane, profits, issves and revenues from whatevet s: ~-ce derived, each ar.d every of wh:ch, be~ng r>press!y understeod, is he:eby morrgaged as if spec~ficalty set fwth and destribed in the granting and he'cendum dauses hereof, and such Receiver SYId~~ ~Id~C all the b+aad and effect[~e iur,c: ons and powers i~ anywise entrusted by a Court to a Receiver, and s, ch appointment shall be made by such Court as an ad~nitted equity and a ma!rer of absolute r~ght to said MORTGAGEE, and withoul refere~ce to the a~'eau~cy w inadequacy of the vaiue of ~he ploperty mortgaged or to the so.venc~ o: ~~~so:vency oi said MORiGAGOR a the defendants, and that such r~~~.rs, profits, income, issues and revenues ahatl be apptied by such Receiver accord~ng to the tien or equity of said MORTGAGEE and the prectice of such Court. 8. To dv'y, pro~nptiy and ful?y periorm, discharge, execute, eFfect, complete, co~np:y with and abide by each and every the stipulations, agreements, r.di!lons and covenann ~n sa~d promissor~ ~:ote and thts morsgage set forth. 9. TF.at in the ever.t the ownership of the mortqag~d premnes, or anY part thereof, 6ecomes vested in a person othet fhan the MORTGAGOR, the :_~RTGAGEG, its successors and ass[gns. may, wirhovt notice to +he h~ORTG~OR, deal with such successw or successor in imerest with reference to thia o~ryage and the debt he~eby secwed in the same manner az wrh ~Acrtgagor w~thout in any way vitiating or d~uhargi~g the Mwtgagors' liability hert i_~ w upon the deb~ herevy ~ec:,red. No sa:e of the F.e~r.~ses hrreby Rwrtgaged and no forbearanee on the par~ of the MORTGAGEE w its suecessors .,s>~gns and no exsensio~ of the +Im~ }or ~1ze payrree~ of tne debt h,~cbi secured g~ven by the MORTGAGEE or its sutcessors or auigns, shall operate ro re ease, d~scharge, mod~fy change or affect the o: iy~nai liao:~~ry of ~he MORTGAGOR herein, either in whole w in psrt. 10. It is spec~fically ag•eed t{,a~ time is of the esser.ce of this contract and ~hat no waiver of any obligation hereunder ot of the obligatan sr c.~red hareby shal~ at o~y time thereaf:er be heid to br a waiver oi the terms hereoi or of the instrument secured herby_ 11. In add:ttoz ro the ferege n~ :+~onth'y E;~y,i~_r.!s ef pnnc pa~ and inrrrev requ~red by the promissory no!e secured hereby, mortgagor covena~ts ,~~i :~g-ees ro pjy to n:o-+~rg~e v.~th each month~y pa~nent an add~nona~ sum es!i~-~afed by mo:tgager to be equal to 1;'12 of the annual cost of the follow- A-AII real propr»y taxes e•fied o~ auessod ag~i ~st the above dezvibcd rral estate. B- Pr_~~:~;,.ns on fne and v:~:irisee~~n ir.w~~~ c-• ~s i,ere~n ~equ;red to be carned en the ~mproveme~ts siwate on the above d>scribed premises. C-Prom~v~ns o~ wch r:r.tg_ge g~.~ranty insi::a~ ce as mortlagee shai! frcT rme !o t~me deem fit to carry on the loan secured hereby. 6lortgtigee stiti'~ f~om t~~ne :o t:me nCtif~ n:c.r.ys3or ;n writ~ng of the a:r,o:,nt dve and payable hereundrr and such sum shall thereupon be due and i ,~n:e on the dur dat~ oi tha next :na~th:; oayn,ent and each successive month thereafter until mertgagee shall nutify mortgagor of a change in suth ~ o:nt. Such s~ms sF,a l be app~~ed by mo-cga~ ~e ror.a:d !he payment of rea! property taxes, insurance prem:ums, and mortgage guaranty iosuronce ~ , ~ r~~.~~ms. IN \•ATNESS llHEREOF, the sa~d N.ORiGAGQR has hereunto se~ his hand and seai the day and year first afuesaid. Signed, Sealed and deliver~ in the presence of: - ~r Sesq ~ / ~L ~ ( ' " ~~C~ lo _K. lth (See4 ~ ! s~n L ian 1 tsea4 ~'~TE OF FIORIDA ~ St . Lucie ' "~'utiTY OF ~ Before me personally apaeared L10yC! ~C. Smith ,,,d j, i 7 liaII A. SIIllth _ his wife, to me well known and known to me to be a ind~viduaEs described in and who executed the foregoing.instrument, and acknowledged befwe me ihat they exetuted the same for tl?s~ purposes Lillian A. STith ~ _->~n expressed. And the said_ - l.lo c~ K. Smith `e of the said - Y-- u~M'-~,.iepa~fb~ prwat4 _ -,~.r,'nat:on by me t3ken separate and opart from her said husband, ac4nowle~lged to a~d before me that she executed said.J~lstrJiinedt fr'e~l a~l,~ohlM . ~ . and without any compulsion, constraint, apprehens~on, or fear of or irom her uid husband. •.~~y~~ a Y ~~~J.~-, .•.1 WITNESS my hand and offiual seal this___~~~_--_ day of ~ ~ _ . ~ ` , • Notary Public in and iw the fe pf F~otida~l e~ = ~ . ~ ~ - My Commission expires: _~1/ ~ ~ 1 Return To: ' ~r ' ~ y~' ~ rirt Federal Savings d. loan Assoc~at:on 1~~ /J,`~~~ i n FortOPierce, Florida C O 1~ 1Jiis ~~~~ti~~t,````` 2~3~~-a Pobert A. Swisher, .1rsr u~jECOU TYfLD1?. This Instrument Prepared By pp~jRAS First Federal Savings 8~ loan Association itOG~R ~ ~ of Fort Pierce, Floric'a 33450 ~LERK C~~~u~t ~~~RT - REC(ap vE~'~~FIE~ Checked By ~1~ 10 1'~ ~ ~ ~~7 PACE2911 F'_1 ~ c sw ~ _ ~ _:r-_~.~.-. = ~ - ~,~~;s~ rv _ _~~~`'~u-: ~ _ _