The URL can be used to link to this page

Home My WebLink About0452 3. To place and continuously keep on the bui!d~ngs ~ow or her~after aituate on sa~d land and on atl equiwnent and personally covered by Ihis matg- ~ ege, wi~h all p~emiums the~eon pa~d ~n fuli, I~re inwrance in tha usual sranderJ policy forrrl, in a wm app~oved by Ihe MORIGAGEE, and windstorm ' ~nse,rance in the usual standa~d pol~ty form, in s sum approved by the MORTGAGEE, ln such tomQany o~ tompanies as the MORiGAGEE may dnecr, and all tire and w~ndsrorm insu~ance po~icies oo any of sa~d bu~~d~~gs, +ny interest therein or part thereo(, in the aggregate wm afor~said a in exceu thrreof, shall contain the us~al ~ta:lderd mol~gagee clavse o? such o+her deuse as the Morigagee may requ~re, ma~ing the loss unde~ sa~d polf- dee, each and every, payable to said MORTGAGEE as ita mteresl may appear, and each and evay auch po~icy ~hell be promptly sss gned and det~vered to er~y held by said MORfGAGfE a~ funhe~ seturity to sa~d mo~tgage debt, and, rat iess than ten (10) dayt in advance of the expiration ol each poGcy, to da ~ ;~4e~ to eaid MORTGAGEE a renewa! thereof, toge~her with a rece~pt ior the pram~um of such ronewal; snd thero ~hall tx no Gro or winds~o~m inturance pljced cr~ any of u~d buitdings, any interest there~n or pa~t tl~rreof, unless in ehr form and wifh ~he lois payable as afwesaid; and in the eYen~ any sum o( money bec.~mes peyable under such policy w pol~cias said MORTGAGEE ~hall have thr opt~on to recrjve and apply ~M sama on accounl of the indebted- nesi sewred hereby w to perniit sald MORTGAGORS to reteive and uss it or any porf ~he:cof fo~ otncr Nurposrs, v,~~hout ihereui waivi~~g o~ unp~ir- ~ng any equity, licn or right under w by virwe of ~his mo:!ga~ and in the event sa~d MORTGAGORS shall fa any reason fail to keep the ia~d p~amisei w , ? ;ns:;red, or (ail to dehver pranptty any of said poLcie• of insuronte to said MORTGAGEE, w fai! prompNy to p~y fully any pre~nium theretw o~ in any t respect fail b perForm, d~scharge, e~ecute, elfect, complel~, co~nply with and abide by this covenanl, w any pa~t hereoi, said MORTGAGEE may place a~d 3 pay for :uch insurance or any pa.t theraof witho~l waiving a affecting any opnon, I~en, equity, or rigM under p by virtue of this Mortgage, and tht ` f, ~l anwunt of rach and every such payment shali be imaiediarePr due and Fayable a~xf shall bear interest from Ihe date ti~ereof until paid at the rate of ~ n-_~ per centum per annum and rn~etl~er vcith s~ch ~~~leresf sEwli be secured by the lien of this mptgage. ; i To permit, commit or suffer no waste, impairment w dete~~orotion oi sa~d p~operty ot any parf ihe~eof, y 5. To pay all and singular thr costs, charges and azpenaes, including a reasonable atrorney's fee and cost~ of abstrads of title, incurred or paid at ` ,•,y f;me by said MORIGAG'_E, because or in rhe event of the fa~lure on the par~ of ihe said MURTGAGOR to duiy, promptly and fvl~y perform, discharge. ; ~.~cvfe, effect, complete, comply w~th and ab~de by eath and every ~he st~~;ta~ion~, agrecments, condit~ons, end covenants of sa~d promissory note and this ±~~gage any or either, and sa~d costs, charges and expenses, esch and every, sha~l be immedi~tely due and payable; whether o? not there be notice d~ r, ~•,:f, attempt to colietl or suit pend~ng; and the full amount of eath and every such payment shall bea~ interes~ from ~he date thertof un~il paid et tne o~ nfne per cen;um pzr aiuu.n; and ail said cc,;ts, charges and expensea incurrrd or Faid, toyather wdh suCh intetttst, ahall be secured by the lien of thi~ !gage, , 6. That (a) in the event of any breach of this Mortgaqe or defaull on thr part of the MORTGAGOR, or (b) in the event any of aa:d sums of money h~,refn referred to be not promptly arn! tu,ty paid within thirty (30) days nexf aher the aame severafly become due and payable, without demand or notice, in tha evem each end every the stipulatiooa, agreemeMS, conditicns and covenaMS ot sa:d promissory note and thls mortgage any a either are not i.;. F;romptfy and fufiy performed, ds:harged, exe:uted, etfeued, completed, compi~ed w~th and ab+ded Sy, tFxn in either w any such event the said ag ~~~re sum mentioned in sa~d promissory note the~ rerr.aining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay- forth.vith, or thereaftcr, at the opt;on of said MORTGAGEE, as ful~y and completely as if all of the said sums of rtwney were or~ginally itipulattd pa~d on such B~y, anything in sa.d pro:r.~ssory note or in this h1o:~gage to the contrary notwithatanding; and lheteupw~ or therea~ter st the option of s' MORTGAGEE, w~~hovt rn>t~te or demand, suir at law or in equity, theteio.e or thereaher begun, may be proucuted es if all moneyi ucured hereby r. ~ ~t~red pnor to +ts inahtut~o~. 7. lhat in the event thot at the 6eginn~~g of or at any time pend7ng any su~t upon tl~is Ntortgage~ w to foreclose it, or to reform i?, or to enforce ..,:•v of any c'o~ms hereur.der, said MORIGAGEE shafl apply to t1:e Court ha~~ng jur~sd ctlon ~hereof for the appoiNment of a Receiver, such Courf shall ••,.~;rh app,int a retci.er of sa~d mo•tgaged propcrty ail and singuiar, int!ud.ng ,~ii and s~ngu~ar the intome, profds, iasues and revenucs from whatever . .e dcrrved, each and every of wn ch, ~t be~ng e,pressly ~~~ders~eed, is i:ereby mur~g:~9rd as if specifical:y set fwth snd desaibed in the granting and ••~,dum cta~ses hereof, ar.d s~ch Rece~ver shail have all the brcad and efiea;~e funu:c,ns and powers in any~pnse entrusted by a Court to a Receiver, .and s_h appointme+~t shaJl pe made by avch Court as an ad~nitted equity artd a matter of absolute right to said MORTGAGEE, and withouf reference to the ':..:~cy or inadequacy of ~he vaive of the p~operty morrgaged or to the so:ver.cy or ~nsu,vancy of said MORiGAGOR w the defendants, and that such ~ - ~s, profits, income, issues and revenues shafl be app{~ed by such Rece~ver accurd~ng ~o ihe lien or equity oi said MORTGAGEE and the practice of such ~ C_urt. • 3. To dv' rom tt and (~II ; y, p p y y pmfo~m, d~scharge, ezecute, efiect, complete, comply with and abide by each and every the stipulations,. agreements, ~ - i!:cns and covenants m sa~d prom~sso: y note and this mortgage set forth. ~ ~ 9. Tcat in t!~e event the ownershlp of the mortgaged prem~ses, or any part thereof, becomes vested in a person other than the MORTGAGOR, the ~ ,.:'GAGEE, irs su:ccssors and as5:3n5, rnay, v.~iho~f notice to the MCRiGAOR, deal wiih wch successor or successa in interest wirh reference to this # -~'~a~c and the dto~ here5y szc~red in the :am~ r.^.anner as w:~h tAor!gagor w~thout in any way vit~ating or distha~ging the Mortgagon' liability hero- s ~ or v}-•on fhe debr hzreby sacv~ed No saie ef the premises hcreby rr:c:tgaged ar,d ~o forbearance on the pan of the MQRTGAGEE or its successws F -~:~gns and no ewtension oi the time fw she payment of t6e debt he.eby sec~red glven 6y the MORTGAGEE or its sutcessors or assigns, ai~all opErate ~ "s , r~, ease, d~stharge, modify change or afiect the o:igmai liabl~~ty of tne MORiGAGOR herein, either in whok or in pa~t. i 10. It is spec:(icatiy agreed that time is of tne essence of this contrrct and that no waiver of any obl~gatan hereunder or of the obligation se- _~~_d hareby sha'I at any time thareaher oe hefd to be a waiver of the terms hereof or of the inatrument sec~red herby. . 11. Ir add t'c~ to fhe fore o n month' ~a -m~:,-n!s uf ,•in ~ ~ 9 9 ~y { y } ~pal and imerest regu~~red by ihe prom:ssory no~e Secured hereby, morigagor tovenants ; ~g-•_es to pay ~o mo~tg~~gee wirh ea:h monrh~y cay• :ent an add~~ionai sum esf~^:ated by mo~tgagee fo be equal to 1; 12 of the annual tost of 1he follow- A-All real propc~ty taxes !e~ned or assessed ay3inst the above dezcr~~~d real earate. 6- Pr.~ri~:nns on fire ar.d v:indstorm ~nswacce as ner:in requ:red to be carried on the improvements situate on the above desvibed premises. ~ C-Pr?mf,;rns on s~ch rnortg~ge guarenty ir.surar.:e as mo~tgagee shall frcm r me to tirne deem fit to carry on the loan secured hereby. Mortgage~ s'^a:i jron~ t~me to !~~ne no!~fy mortgagcr m w~~ting of the. a~rount due and payable hereunder and such sum sha~i thereupon be due and ~ c on thC due date of the nexr month!y nayn,ent and e~ch successive month thereafrer ur,tif mortgagee shall notify mortgagor of a change in such _.•1. Such sums s"r.a;~ be apptied by mortgag~.e to.•.ard the payment of real property taxes, insurance prem:ums, aud morigage guaraMy insurance ; s. f N~ITNESS lVHER~ F, ihe sa~d MORTGAGOR has hereu~fo set nis hand end seal the day a /ir esaid. ~ ~ Signed, Sealed eliv ed in presence of: ~f~ ' ; ~'7 ~ . i 5-'q 3 , e . m i - - .q , ~ - • , %J'~J~~ a~ ~ ~ 02'f! S nn _ m : ~ - cs~n ~ I = OF FLORI6A ~ ~ ~~;;Y oF ~t. Lucie u~ . ~ ~ Beforc me personalty appeared Pet@r C. emith a~ k DOZOT~2S ATlt1 Smith his wife, to me wetl koown and known to me to be ~ ' :;d~viduais described in and who executed the foregoing instrument, and acknowiedged before me that they executed the same fw the porposes . $ -e:n expresaed. And the said_- DOZOI'6S AY1T1 Smith ~ ~ ~f ~~,e sa;d Peter C. Smith " ; upon' a se. parat~ sod private S n~hon by me taRen separate ar.d apart from her said husband, ack~owledged to and before rrK that she executed said iastr~n~r~~ f~eery-~njs Jpluo- ~,~nd w~thout any compulsion, constra~r,t, apprehe sa yor fear of or from her sai u band. ~ A ril " ~ YIITNE55 my hand ard offiual seal th~s_ _ ~ _ dey of_ q, B- ~ ~ ~ ' - Q o . ~ " F1~~0 ANC Qf_CO. Notary Public in and r th ta~ i~~{ori~ et lar~ v Rerurn To: ST. ~UCI[ ~~k:N1Y FL . My Comm~ss~on explres: ~ ~ ~ ~ ROCE~ r~~TRAS ~ . ~ . ` : st Federal Sa.~ngs 3 loan Associat;on ~ , ~ • • ~ • ~ ` ; CLE~K t. :CU~t COUR ~'T:-.'~ * of ~orr P.~:~e. RF!'OP.[~ ~EF ~FIED z ilOTARV PUBI~ STATE OF FtORIDA ~fb.~CE`~ + Fart P~e,rce, Fiorida f, ~ • T ~ ~R ~ ~ SS AN ~~J 6QNDE~D YTHRU~GENERAIINSURANCEUNROfRIMNiQS.' . ~ 3O~~.S3 ; ~ This Instrument Prepared By Wm. F. Braun ~ r~rst Federal Savinys 8 loan Association r of Fort Pierce ~ Florida ~ ~ ~p Checked By L~-- BOOK ~.JO PACE 45~, _ , - - ~ - ~4.n:~ ~ ~ ~~:~s:;::