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J. To ptace snd co~rinuoutly keep on the b~~:d~~~gs now or hereaf~e~ situate cn sa~d !arxl and on ali equ~p~nent ~nd person~lly tOvered by Ihis mwt¢
ege, with atl premiumi ~he~con pa~d m lu!~. Gre iMvrentt ~n ths ~su~l sunderd ~o~~cy form, in a aum ay.p~uYad bY the MOR~C+:+GEE, and w~nd~to~m
~ns~raace in the usual stand+rd ~t.cy form, in a:um approvrd by iM MORTGAGEE, in iuch cwnaany or compames ~a the MORiGAGEE may
dueU; and all fin and w~hdstorm insu+e~c~ po~~urs on +~iY o1 ea~d bu~~d~~~9s, any iNe.rst therein or part tfieraof, in 1he aygregat~ sum ataes~id w
in excess thereo(, sF~all :oroafn the usuaf ara~xlard morigegee ciause a~uch orha c~a~se as fhe 6lortga9ee m~y requ<<~, makbiy ~he ios~ u~nler sa~d po~i- -
c~es, each and eve~y. p+yah'e to said A1pRiGAGEE as ~ts ir.rer~tl may appear, and each and every such po'~cy shail be prompt~y as:yned and de~~vered ~o
en~ held by w~d MORIGAGEE sa fu~rhrr svcurity ~o sald muriya9e deb~, a~d, oot less than ten (101 dars in dll~d~Kf OI fAa exp~~a~~a~ of each pol~cy, to da N' 1
i~ver to iaid MORiGA.^sEE a te~ewal thereof, togethsr wi~h ~ ~ete~p~ tor the premium o( such renewal; and thare thall be no f~re or winde~o~m insuranC~ ~
plated on any of iaid b~ild~~s, e~y in~e~eat the~eia or pu~ ~harcw4, unless :n tfie form a~x! with the tosa payab!e ai aSoresa~d; and in the tvent any sum
of ~~oney becomes payabte u.-~der such policy w polKies sa~d MORiGAGEE shalf Mve ~Fr optwn to receive and app?y tM sa~ne on eccovM o( the indebted-
nrss scturcd ixreby ot ~o permit sa~d /.10RTGAGORS ~o retrive and u» it a any pa~t thr:.'oi tcr o:~~et pu~F•oses, v~~~nout ~herai,t .ra~v~~~3 a~ ~'~~pau'
ing any equ~ry, tien W right unde~ a by virtue o~ this mo:tgage; +nd in the event sa~d MORTGAGORS shall iw any reason fa~l to keep thc said premisrs so
~ns~red, or fail to dr+~ve~ promptly ~ny of sa~d po~~cies of insu~ance to sa~d MORiGAGEE, or fa~I promptly to pay fully any pre~n~~m ~herc}w o~ in a~Y
r.s,:ect (ail to per(wm. discha~ge, exetute, efFec4 compEete, comply w~~h and ab~de by this covenant, w any p~rt hrreot, uid MORTGAGEE may place ano _
pay Iw such insurance or any part thereof wirhout wair~ng or a(iec~ing any op~ron, lien, equ~ty, or right under w by v~rtue of ihis Ma~gage, and the
4u!I amouM of sath snd eve*Y wch pa~mem sfiaif be immed~ately d~e and payabie and shalt bear intereat from the date the~cot until po~d at the rate o1 ;
n~re per cenrum per annum and tog~Ihe~ Niih s~nh Intcr~s~ shali ar secwed by the 1~en of th~t mortg.?ye. , ~ :
1. To perme?, commit w su(ie? no waste, impairrtiert w deterio~ation o4 sa~d property or any paA there~of.
S. To pay alI and s~~9~lar the custs, charges and expa~xs, includ~ng a reasonable atfo~ney's fee and co~fi of abstr~+cts of titte, incurred o~ paid at
any time by said MOR'•GAGfE, bccause or in thc cvant oS thc iail~re on the part of ihe said h10RTGAGOR to duty, pron,puy and iu11y pariwm, d~xharge.
~.ecute, eifect, complete, canply w~~h and ab:de by each and every the sftputat~ons, agreements, conditiort~, antl covenanes of seid p~on:issory note and fhis
Tortgage any oa e~~her, and sa,d costs, charges and expenses, esch and every, shaN be immrdiately due and payable; whether w not there be nofice da
rt,and, atte~~pt to toliecl ot suit pend~ng; a~d tFa :ull amount of edch and every svch payment sFwll bear in~eresl from the date thereot unti! paid al the
r~• oE n.oe per cemurn ~r annuar, a~x: all said ~osts, charg~s enJ cx,~e~~s~ a:rxur~ed or ~.u~J, together wuh wch intereit, ahall be tecured by the I~en of lhia
mor tgege.
6. That (a? in the event of eny bresch o( this Mortgage w defau!? on 1he part af fhe MORTGAGOR, w;b) i~ tt~e event any uf sa:d surru of mo+xy
here~n rcferred to be not pranptly and fully pa~J wnhin Ihu1y ~301 days next atter the seme severa~ty becomc due and payabte, wilhout demand w no~ice.
~r tc) i~ the event each and every the stiputahons, ag~eements, tonditions and corCnant~ of sa:d promiswry ~ore and t~~s mortpa9e any q lHFIl/ a/O not
;u:y, r:rar.ptly and f~lly prrfo:med, d schary~J, e.~ec~trd. effeUed, comp~eted, co~nYi,ed .•f~th and at~ded by, the~ ~n e~ther ot any such evero the said ag
,~~_~~ara sum meNionzd in sa~d prom~ssory note then rema~ning unpaid, w~th inte~rs~ acuued, and a:I moneys seture~ hereby, shatl bemme due and pay-
er; e fo~thwith, or ~hereafrer, at ~hr opr~on of s3~4 1dORiGAGEf, as fu~ty and Compiziely as i( aH of ~h~ s3~d sums o! money were or~gina{!y stipuiated
r•~ t,z pa:d ai such dzy, anything in 5~ J pram~s50~y nota or in this Murtgage to fhe ca~nary notw~tF.s~andf~ig; artd thereupon ot thereafter at the opfion of
s-+ :1 IdORiGAGEE, w~si.cut not~ct ar clcmand, w~t a~ low or in equ~ty, ~heTeto~e c~ ther~aiTer brgun, may be prosecu?ed as if all moneys setured hereby
~d matvred pnor to ~ta inst~tuGOn.
7, That in tre event that at tFe bey~nn.ng of or at any tu,~e p_nding any su t ~pon t?~~s Mortgage, or to fweclose it, or to relorm it, or to enfores
,..^ent of any c!~iar.s ~ere~~d•_r, aaid 610RiGs+'viE sha;t a~:pSy io the Co~rt h~+~~~g ;~r~sd•a~o~ rhe+eof for the appo~ntment of a Receiver, such Court shail
r~.;uh appoi:v a rc-ce~ver of s::d n~.art~a~eu~ pro:,~_•ty aC and s~~:yu~ar, ~^civcJ.ng ~il a~~d s~:~gu~ar ~he ir.come, profds, issues ar.d revenues from whate~er
re dcrived, e3th and evt•ry of wh::!~, n bcir.g r~p:ess`.y ~nderstocd, is he~.-uy a.u~yo9ed as it spetif~caiiy set fWth and deunbed in the granting and
~;::erdum c!auses hcrrof, and such RcceiY~r sha1~ ha+e alt the brcad a~~d e+fec~~~e fu~ o:e and pu+.ers in anyw~se entrusted by a Court to a Aeceiver, and
s_i~ appointment ahali bc rt:adC by s~th Cout! as an ad~~ittrd eq~~ty end 'o r.~attc'~ 04 ~L~i:,~ute r.ght t0 Sdid 6lOR1GAGEE, •nd wiihOUt re(¢tenCe t0 ~h!
,::av;cy w inadequacy of the vaiue of thz proyxrty n~o~tgaged or ta ~~.e au,vrn:i or ~:no.v•.ncy of iaid tl.ORiGAGOR or the deiandants, and that such
+i profits, incom~_, 6ssues ard :evenues st»II be appi~rd by such Reca~ver ac,u=~.n~ ~o the iien or equity oi said MORiGAGEE and the practice of such ,
..:~,t €
8. To d~,`y, Fromptty a+,d Tut!y perfo~m, d~sc}~a.ge, execute, effecT, com, ~ete, co:~~~~?y w~rh and ab~de by each and every the stipulations, agrcements, ~
~f:r;cns and tovenanta in sard prorrr.sswy note and tf::s rnortgage set forth. ~
9_ TFat in the evert thr ovvne.sh~p of the rwrtg~~ed prem:ses, or any part thereof, becomes vested in a perwn other than the MORTGAGOR, the
AvCc, its e~~cc~isoes :,-d ass~~ns w~~hu~+ nor~ce to rhr !.10RiG!-OR, deat w:~h such successor or successu in intetest with reference to thia
s~ayc ard th~ d~u~ hcreby srcu.ed in Tha so~-:e n:a~~nar as v:[th A'.~rsgagor without in any way vitiating o~ disc~arging 1he Mwtgagori liibitify hete-
o: upon tne d~b~ he~e~~, s~~o.,:•~J. >1o s~~ ui ~Fr Eren:,s?s he~rby rnortgaged ar.d no loroearance on the part of tne /AORiGAGEE or its successors
7~~s and ~c e.1ers~on of rhe t~n~~~ 'or ihe p.~y~ r~t o{ tne deb! h~.r~~ secured qiven by the MORiGAGEf or its succeisors a ass~gns, afiall ope•ate
o r_ eas?, d•scharge, modify chenge or affecr 1he c•~;~~f~:,~ I~a~,i~t~ af the MC}RTGAG02 here~n, either in nhole or in pari.
10. It is spec fic,,i.y agrced tF:at rimc ~s o! th~ ess•_^ce of t~~+u co-~trau and that no waiver of any ob~~gat~on he.euwder or of the obiigation se-
;~•eci h=re6y she:~ a~ any time +he~eafter be h,;td to Ee a v,n.:er of the terms hereof cr of the insrrumeN secured herby.
11. In :.:id ::c~ ro!~ie loregc"~~~ ~.•c~:~1~:v Fa,:~~-:•~s o: c pa! and :~ti~e•es~ requ;red by the prom:ssory ne!e fecured hereby, mor?gagor tovenants
i ey~ees to paY to m.ortgagee N~i~1 CdCF, r.~,C~1'1:'y ;.3;r-.~-•~c a~ ad-ir.:una s~^i es!•^:~+cti by mwtgagee to be equal to 1;'14 of the annual tost of the follow-
A-A!I real propert~ saxes iev~~c2 or assess,_d aq~~~-st thc abo.•r descr~bed r~al es~~te. .
g-P:;~;, u•-s cn f~re and +.i:;d;rorrn ;esvrarce as i,e.c~~- tcqv~r_d to b^ ce-nf-d c~ the imrravemeats s~tuate oo the abOVe d=5cribed pfemisCi.
G-Pre ~~~v~ns on wch ~~~a•r~,?e, q~e°;nty ~r.;u~~r ce az mo•tgag•.s sha:l frcm ! r:-e ro ;:me deem fit ta carry on the loan sec~red hereby.
h•origagee s~a'! ~rom ri~•,e to +~~~e rtctify mGrt~d70r ~n vn:~;ng of the a-.•o~~t d.,~ and payable hereundr~ and such surn shall thereupo~ be due and
n'e on the dur Cd1E oi fhe ~~•~xt n:a ~rh'y p~y^~^nr ar.d e~ch succcstrve menth t~•:ceaiter uct+i mortgagee sfial{ notify mortgagor of a change in such i
-.~~r. Such s~ms sFa:~ t~ appiied by rnortgag re te~:.rd s'r.e payment of real properry :axes, insurance prem;ums, a~xl mortgage guaranty insurante i
. :~~rns. ~
IN YJITNESS `.ti'HEREOP, rhe sa~d MORfGAG~R has he:eu:~ro ser his hand and s~•ai the day and year 'r/s~t f°~ id.G~~~~~ >
Signed, Sealed and det;vered in the presence of: LeZ~y f~ t
~c~/ L Seal)
. ~ obert L• S~ ~ S~s~ ;
• ~ld'a P• Smith ~~~a~
Seal
, _ ( )
~ _ Y
i
; ~ OF FtORIDA ' •
i
St. Lucie i
~ :'UVTYOF~
! R bert L. Smit~ a~
g¢fore me personaiiy appeared 4
i
~ Matilda P~_~~.tZ1 his wi~e, to me well known and known to me fo F.e
~ .~~dividusls dexribed ~n and who eaecutad tF?e fwego~ng insvu~runt, and ackrsow~edged before me that they executed the same for the purposes
` Matilda p. Smith •
t r- ..~;n ezp~essed. And the said
i . Robert L~ $31~L~1 u a arate and ~vate
i of the said - P°^ KP P~
nat~on by me faken separate and apert {rom her sa~d husband, acknow~edged to and beforo me'ihat st~e executed said inst~umeM freely and votvo-
4 and w~thoat any compulsion, consrraim, apprehen n, w fear of or from her said husband.
; WI[t~~SS my F,and a~d offic:al sea~ this__ day f ~y x- Q. ~q 75 ~
! A •
`
~ Notary Pubfic in and fw the St of Flor' tarpa
My Gommisseon expires: '
Retum To: ~~~~Q•'~~' _ "
r:rst Federal Savin s~ Loan Associa~:ort -
; e FitEO aw,, .~~LoR0E0 . - -
' Of Fort ~.ert•~. Si.(,(~i:iC ~;Qi~NTY FLA. . ' ~ ~7 ~ r
t ~ Fort Pierce. Flo•ida - r;T?A$ .
Ci.-=Y . :CURT ~
; r,[^nf.' - 1 ~ .
; . , _
" Y f • '
~ This Instrument Prepared By Gary F. EllwOOd ~-~ar It 3 3s PN 15~o~~r
` F~rst Federat Savings & loan Association
~ of Fort Pierce , Florida 33450 . ~,~~8
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