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Home My WebLink About1015 3. To place and coroinua.sly keep on the bu~!dings now a hcreatter ~itust~ on said ?~nd and on equipme~l and periona~ly covered by thls ma~g- sg~, with all premiums thereon pa[d in (ull, (1re inwrancc in tha ~wat standard poti~y fo~m, in a tum epp~oved by the MORfGAGEE, snd w~nd~~orm insu~a~c~ in tM usu~l standard po~~cy form, in a sum ~pproved by IM MORiGAGEE, such company or canpanits as th~ MORiGAGEE may d~~ect; u+d all (ire ~nd w~n~s~orm in~uronte poli<ies on any oi said build~nys. any int~re~~ therein or part thereof, in Ihe sgyrrflste sum ~fae~aid o~ in ~zcess ~hereof, ihall contain ~M usual standa~d ma~gage~ clause or ~uch oihe~• clauss ai ~M Mwtp+ges may ~cq~~r~, m~?iny the lost unda taid po~i- cies, each and every, payable to said MORiGAGEE as its interest may sppear, and each and s~e~y ivch poiicy shall be promptly ai~ g~~ed a^d delivered to any held by seld MORiGAGEE as Fur~her aecurity ~o sa~d mortgaqe debt, and, not lefi ~Mn ten (10) dayi in advanct of ~he expiration of each pol~cy, ~o d~- liver to said MORTGAGEE a renewal thereof, togethsr wifh a receipt fo~ the premium o1 such renewal; end the~e shall be no i~re or w~ndstorm insurance • placed on any of said buiMings, sny interest there~n a part thereof, unteis in th• form and with Ihe loss payable as a(aesaidj and In tha e~ent any sum ~ of mo~ey becomes payable unde.v such polity or policias iaid MORiGAGEE shall have the opt~on to receive and apply the sams on atcoun~ of the i~debted neu secured hereby a ro permit said MORTGAGORS ro rece~ve snd use it w any pa~t the~eof fw o~her pu~No:es, .vi~ho.,t th_.cur wa~.~,~g or ~~~,po~r- ing a~y equity, lien a right under or by virtue of this mo:•9sge; and in the eve+d said MORTGAGORS shall ta any reawn feil to keep 1he said premiszs so insured, or fei) to de~ive? p~omptly any of said policies o( insurante fo said MORTGAGEE, w lail promptly to pay fulty any preinium therefor or in any respM fail ro perform, discharge, execute, effect, complete, camply with snd ab~de by this cove~ant, or any pa~~ hareof, said MORTGAGEE may place and ! pay fw such insurance or any part the~eof w~thout waivirg w affeclinp a~y option, lien, equi~y, or righ~ under w by vi~tue of this Matgage, and the futl amount of esch and every such payment shall be immediately due and payable and shalt bear inte~eit from ths date thereof until paid at the rate ol n~ne per centum per annum cnd together with such interest shall be secured by the lien of lhit mortyspe. 1. To permi/, commit p suffer no waate, impairment a deterioratioo of said property w ~ny part thereof. S. To pay all and singulsr the costs, cMrges snd expenses, including a reasonsbie attorney i fee and cosrs of abatracts of title, incurred or paid a~ any time by said MORiGAGfE, because u in the event of the failure on the patt of the said MORTGAGOR to duly, promptly and fully pe.Fwm, d~scharge. execute, effed, comple~s, comply with and ab:de by each and every the stipuls~~ons, agreements, condilions, and covenanls of sa~d promissory no~e and fhii mortgage any w eirFxr, and sa~d costs, charges and expcnses, each and every, shall bs immediately due and payab:e; whe~hcr or not ~here be nonce dr mand, atfempl to cotlett w suit pend~ng; and fhe full amount of each and every such payment ~hall bear interos~ from Ihe date thercof until p+id at the ~are of nine per centum per annum; and all said costs, charges and expenses incurred a paid, together w~th such interest, ihall be ucured by the lien of th~i mWtgage. 6. That (a) in the eve~?t of any b~each of this Mortgage w deFault o~ tFr pan of the MORTGAGOR, o~ (b) in the eve~t any of sa~d sums of money herein ref~rred to be not p~omptly and fully paid within th~rty (30) days ncxt afrer the same severally become due and payable, without demand or notice, or (c) in the event each and every the stiputations, agreements, co.~di:ions and covenants of sa~d promiuory note and th~s mortgage any or ei~her a~e- no~ ivly, prompily and iutly pe~fwmed, d~uharged, executed, eifected, completed, compl~ed with and abided Sy, ?hen in e~tFxr w any such event the sa~d ag gregate sum mentioned in said promisso?y note then remaining unpaid, with i~terest accrucd, and atl moneys secured hereby, shall betome due and pay- able forlhwith, w thereafter, at ~he optio~ of said MORTGAGEE, as fvlly and completely as i( all of the said sums of money were aiginally stipulated ro be paid on such day, anything in sa:d promisswy note a in this Mwtgage to the coMrary notwithstanding; and ehereupon or thereafter at the op~ion of sa~d MORTGAGEE, witho~~t notice or demand, suit at law or in equity, therefwe w thereaftc~ begu~, may be prosecuted as if all moneys secured hereby had matuted prwr to its institution_ 7. That in the event thai at the.beginnirxa of or at any time pending any suit upon this Mortgage, w to faetlose it, w to reform it, or to enfo+ce payment of a~y ctaims hereunder, said MORTGAGEE sha~l 'apply to the Court having jurisd:a~on thereof for the +ppointment of a Receiver, such Courf shall Fo~rhwith appoint a receiver of said mortgaged property all and singuls?, includ~ng all and singular Ihe income, p~ol~ts, issues a~d reve~ues from whatever sovrce derived, each and every ot wh~ch, it be~ng expressly understood, is hereby mo~~gaged as if spec~}ically set fo~th and described in ~he granting a~d habendum clavxs hereof, and such Receiver shall have all the broad and effective funct~ons and powers in anywise entruated by a Court to a Receiver, and s;;ch appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the adequacy or inadequaty of the va~ve of the property mortgagcd o? to the sotvency or ~nsolvency of said MORTGAGOR w the defendants, and that such rems, profits, incorne, issues and revenues shall be applied by such Receiver accord~ng to the lien w equity af uid MORiGAGEE and the practice of such Court. 8_ To duly, promptly and fully perform, discharge, execute, effed, complete, compfy with and abide by each and every the stipulations, agreements, conditions and covenants in sa~d promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part 'thereof, becomes vested in a person other thsn the MORTGAGOR, the .ti',ORTGAGE'c, its successorx and ass~gns, msy, wi~hout nofice to the MORTGAOR, deal w~eh such succeuo~ o? successor in interest wi~h re(ere~ce ~o this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or discharg~ng the Mortgagors' liability here- unde? or upon the deht hereby secured. No sale of the premises hereby mongaged and no iwbearance on the part oi the MORTGAGEE or its successws or assigns and no eatension oi the time fw the paymenl of the debt hereby secured given by the MORTGAGEE or its s~ctessors w auigns, ahalt operate to releue, d~scharge, modiiy change or affect the original liab~lity of the MORTGAGOR here~n, either in whole a i~ part. 10. It is specificatfy agreed that time is of the essence of this contract and that no wsiver of any obligateon hereunder or of the obligation se- cured hereby shall at any time thereatter be held to be a waiver of the terms hereof w of the instrumeM secured herby. 11. In add~t;o~ ro the forego'ng month!y paym~nts of princ pal and interest required by the praniswry no!e secured hereby, mortgagor covenan!s ar.d agrees to pay to mortgagee with each monthly payr.~ent an add~rional sum est~mated by mortgagee to be equal to 1%12 of the annual cost of the follow- ~ng: - A-All real property taxes [evied or assessed agai~st the above descri5ed re-al estate. B-Prem,iu,ns on i~re and windstorm ~nsurance as herein requ:red to be carr~ed en the improveme~ts sit~ate on the above desaibed premises. C-Premiums on such mwtgage guaranty insurar,ce es mortgagee shall from t~me to t~me deem fit to carry on the loa~ sec~red hereby. Mortgagee sfiail from time to time notiiy mortgagor in writing of the amount due and psyable hereunder and such sum shatl thereupon be due and _ I c:3yable on the due aate of the r.ext momh!y paymem and each successive moroh thereafter ureil rtwrtgagee shatl notify mortga9or of a change in such E a-;ount. Such sums shail be applied by mwtgagee toward the payment of real properry taxes, inaurance prem;ums, and mortgage guaranty insurance ~ pren.iums. i IN Y~ITNESS VIHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. 3 Signed, Sealed ard delivered in the presence of: ~ f I.~D ANC flECO~D~~ ~a ~ ISes4 ~ ROG~ER ~0 ~RAS`.~. ~ (s~ap ' CIfRK Clf.''vU~t COURT ~ ~ ~ „ S~~ ~ REC~1R6 VEktF1E4 ~ ~ . (Seaq ` ~~~e 1 i 3 55 eM'~5 STATE Of fIORIDA ~auNrr oF St. Lucie ~ -~a~'~ 4 ~ - Before me perwnally appeared Harold G. Smith and Arline M. Smith his wife, to me well knawn and known to me to be ~ the individuafs described i~ and who executed the fwegoing instrurrKnt, and acknowledged before me that they executed the same fw the purposes ~ rhere~n expressed. And the w~d Arline M. $ID.lttl ~ +vife of the said Harold G. 51~11t}1 upon e separate and priv~te ~ e,camination by me taken separate and apart from her said husband, atknowledged te and before me that she executed said instrument freely and volun- ~ ~ar~ly and w~thout any computsion, constraint, apprehenro.n..~, /or fesr of or from her sai sba . ~ ~ y A D. 19 WITNESS my hand and offidal seal this da of ~-P 75 LL; ~'e , ~ ~G- , : ~ Nota u~c in and t6r the 5 te of fbrida at Large j My Commission expves: ~ ~ r; Rerurn To: ~ ~ 7~ ~7 f . First Federal Savings 6 loan Associafion ; ~ Of fort P:erte. ! ~ ~ ~Tr-- ' t e~!~A at LARGE ~ ~ Fort Fierce. Flor:da ~ +';J ~ : j• ~~.F~ t.....~~ .:f ct~,:o:. .....,.~.s i~suanca '~:r;'`:~ ~ ~ J` ; ~s ~tiiry~~~~` i ~ • _ ' This Instrument Prepared By Richard K. Kayes ~'~"•~~C` ~ ..r~e- First Federal Savings & loan Association ~ : ~ . I ~ of Fort Pierce , Florida ~ . c`.-.-_ . Mw _,'~'-•4' - - 0 R /f'.~xj~]• : r de~:f~`'~~ , ~ Checked By ~A/1v~-vY ~M4[„~V~~ /~',r~ ' un ti ~ c 1 ~ : . ~ ~ ' ~ir ~ " ~ ~ _ 1 ~ ~ w~ , r _ _ - - - ` - - - ~ ~~_s._ ~ _ ~ _ , _ . _