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Home My WebLink About1654 3. To pl~ca and continvw»ly kHp on th~ bv~!d~rg~ now o~ Mr~~hN uw~r~ on tiaid I~nd ~nd on dl p~tpm~e~ a,d p~.sw?ally cova~d by ihi~ mo.~ ap~. with ~11 pr~miums thereon pa~d in full, firs inaur~nte in th~ uiual sland~rd policy form, in • tum approwd by 1h~ MORTGAGEE, ~nd wind~tam kuwu~c~ in tM uswl ~tanda~d pol~cy fwm, in ~ tum •pproved by th~ MORTGAGEE. M wch comp~ny a companNS tt tM MORTGAGEE m+y diredt u~d ~II fin and wind~rorm iniurance polk~es on any of iaid build~nps, ~ny int~n~t th~r~in w par~ thKwi, (n th~ ~py?pat~ wm sfa~sald or , y M? ucc~ss tl?H~of, ~Aall comain ~he uswl irandud mor~9a~K clwse w such o~ha clauN ~t tM 1NortpapN m~y ~puin. m~kfnp th~ Iwi undN aid po1F ciN. ~xh and wKy. paY+b1~ a said MORTGAGEE a~n inte~eit m~y appear, and ~ach and ~wry wch p~licy sh~ll b~ pro~np~ly ~ss:9n~d ~nd dNivasd to any held by uid MORTGAGEE a~ fu?ther iecurity to sacd mat~e~e debt, ~nd, not I~ss tMn ~M (10) days In adv~nc~ of th~ ~xpiration o! ~ach policy, to dr ~ liwr ro ~aid MORTGAGEE a renewal Ihe~eof, topethtr wilh a receipt for tF?e pr~mivm o( wch ~~newal; ~nd tM~~ tMll b~ no fir~ a wlndito~m inwru+c~ plapd on any of said b~rttdirgi, ~ny inte~est tM~e~e a part thereof, unless in ~M form and wi~h fFw loss p~yablt ~s ~fapaidJ ~nd tn th~ ~v~n1 any svm of mon~y beca~es payabl~ und~r wch polity a policies taid MORiGAGEE ~hall Mw tM opt~on ro receiw a~d apply 1M sam~ on account of tM i~bted~ otst tscwed hNeby or b perm:t said MORTGAGORS lo ~tteiv~ and uN it w any parl the:~of 1w olhe? pwpptq, withoul thNeb/ waivinq w enpair- • Enp anr equity, lien or riyM unde~ w by v'utw of this mortyaye; u+d 'u? tM went ia~d JNORTGAGORS thalt fw ~ny nawn fail ro knp the said pr~mises w•~ " Mu~red, or fai) b dtliver promptly ~ny of said polities'of inivr~nt~ to said MORTGAGEE, o~ fail promptly ro pay fully any pr~mi~m tMrtfo~ pr in any : n~pM iail ro paform, discharge, executs, etfect, complete, comply wi~h snd abids by this covsna~t, p any puf Mr~of, ~aid MORTGAGEE may plac~ and . paY fw ~uch ins~ranc~ w ~ny part thKeof without w~ivinp or af(ectinp ~ny option, ti~n, equ~ty, a riyht under w by vinw of this Mortq~, ~nd tM ~ full smount of each and tv~ry such payment shall be irrunedi~tely dw and payable and shall be+r int~reit f~om tl» dat~ Ihtrwf until paid at tM rat~ 01 nin~ per centum pe~ snnum and together with such interest shall be secured by tM litn of this matyap~. To permif, commit w~u(fer no waste, impairment w deterioration of said prope?ty of any put tMreof. 5. To p~y aIl a~x! sinpulu tl~ cosn, ch+r9es ~nd expenses, includinp • reasonabk anan~p'~ fN and coita of sbsnacts of title, incwr~d or p~id at ~ny Yun~ by said MpRTGAGEE, becauae w in the evtm of the failwe on the p~rt of 1M said MORTGAGOR ro d+?ly, promptty u~d fully p~r}orm, discMrq~ ~xcc~te, eitaet, oompkte, comply w~th and ab;ds by each end every tl+e stipulai~oru, apreemenn, conditiont, u+d oowna~ts oi said promiswry not~ and thu mwtyaps any w either. and said cosn. char9es and eapenxs. each and every. ahall be immediately due snd payabl~: whetFwr w not iFw~ be notics dr mand, attempf to collect or iuit pending; and the full amount of esch end every such paymeM ~hall bea. inter~st from tly dats fMreof until p~id af tF~e rate oi nine per «nWm per an~wm; and all s~id oosts, tharges and expe~ses incwred or p~id, logslher witF~ suth i~tKest, sh~ll b~ s~tured by tM lien of thu mo~rt9ap~• - b. TMt (a) i~ tM evsnt of any bre~ch of this 1Nortgsye w de(ault on the part of the MORTGAGOR, qr (bj in the ~vent sny oi s~id swnt of mon~y herein referred to be not promptly and iully paid within thirty (3W days ~e~t after the ~sme xve.ally become dw ~nd payabl~, wilhout damand or ~otice, or W ie~ tM event each and svery ~he stipulatiorn, agreementi. cond~tio~s and coven~~ts of sa~d promiuo~y not~ and this mortpa~ anr a ~ithey are nol iuly. promptly and fully performed, d~xharged, execueed, effeued. compkted, complied with ~nd abided ~iy. tl+en in ~itMr or ~ny such w~nt tiw wid ~g gregate wm mentioned in said p?omiuay note fhen remaining unpaid, with interasl acuued, and-aIl moneys setvred hertby, ahall betoms dw ~nd p+y- ~b:e fwthwith, w thereafter, ~f tl+e option of said MORiGAGEE, as tully and comptesetp as if sll oi the s+id wms of rnc~~y were oripinallr stlpulated to be paid on tuch day, anything in said promiuory note or in this Mortgage to the contrary ~otwithstandinp; ~nd ~herwpon or thereaha~ at the option of said MORTCaAGEE, without notice a demand, suit N law or in equity, thcrefwe or thereatter begun, may be prosstuted as if all ma~eys atvnd hereby had matwcd pnw ro its i~uGturio~. 7. That in the event that at the beginn;ng oi o? at any Nme pending any w~t upon thl~ Mwtgags, w to fonclose N, o? to rofo?m it, a to enforu payment of sny claims hereunder, said NIORTGAGEE shall apRly to the Court having jurisd~ction thereof fw the ~ppointm~nt of a Recsiver, such Court shs11 Fwthwith appoiM • receiver of said mortgsged property all and sin9ul~?, incl~d~ng all a~d singular the incoms. profits, issues and revenues from whatever sovrce de~ired, e~ch and every of wh~ch, it being exp?euly understood, is hereby mortgaged as if speufically sef forth and dpaibed in tM yrantiny aru! habendum cla~»es hereof, a~d such Receiver shall Mve alt the bro~d snd effective fund~ons and powers in anywise entrusted by a Co~rt to • R~ceiv~r, ~nd . tuch sppointment shall be made by such Court u an admirted equ;ty and a rt+a~ter of absolute righf Io said MORTGAGEE, u~d wifhout r~Eerente to ths adeqv~ty er inadequxy of the value of the property mortgaged or to the sotvency or ensolvency oi said ARORTGAGOR a tM defendann, ~nd that such rents, profits, incane, iuues and ~evenues thall be applied by such Receiva accordiny to the lien ar equiy of wid MORTGAGEE and the practita of such ? Courf. 8. To duly, promptty and fully periwm, discMrgs, execute, effect, tompbte, tomply witl? and abids by each and .tv~ry th~ stipul~tions, ~greemeets, conditions and covenants in wid promissory note and thia mwtgage set torth. ' _ 9. That in the event the owncrship of the mwtgaQed prcmixs, a any part thereof, becomes vested in a penon other th~n the MORTGAGOR, tF~e MORTGAGEE, its succeuors and -assigru, may, without nor~ce to the MORTGAOR, deal with such wccessor w successw in interest with ~e(erence to this mortgage and the debl hereby secured in the same manner u with Mwtgagor without in any way vitiaYuq p~scMryirg the Mortyagors' liability hae- ur.der or upon fFK debt hereby setured. No saie of the Fremius hercby mortyayed and ~o fwbearante on the part of the MORTGAGEE or ib successws or auigrn and no extens~on of the time for the payment of the debt hereby secured given by Ihe MORTGAGEE w its successors w assi~ro, ~hall operat~ ro release, d~uharge, modify change or affece the orig~nal liab~l~ty of the MORTGAGOR herein, either in whole w in pHt. 10. It is spec~fically agreed that time is of the essence of this conerad and that ~o wsiver of any obligatan hereunder or of fhe obli9afion sa ~ cured hereby shall at any time thereafter be held to be a waiver of the terms hereo( a of the instrument secured herby. I1. In add~tion to the forego'ng mo~thly paymenrs of pr;nc'pal and interest required by the promissory nole sttured hereby, morlgagor covenanb and agrees to pay to mortgagee writh each monthiy payrnent en add~~ionsl sum estimated by morigagee fo be equal to 1/12 of the annual cost,of the follow- ing: ~A-All real property ta:es levied or assessed agai~?st the above deuribed real estate. B-Premiums on fire and wi~dstorm inwrar.ce as here~n requ~red to be wrried on the improvements situate on the above described premises. C-Premiums on such mortgaye guaranty insurar,;e as mortgagee shall from time to time deem fit to carry on the loan setured he?eby. Mortgagee shall from time to time notify matgagor in w~it~~g of the amount due and psysble he~eunder and such sum shall thereupon be due and Fayable on the due dare oi the next monthly payment a~d each successive month ehereafter ur,til mwtgsgee shs11 notify mortgsgor of a change in such ' amounf. Such sums stiail be applied by mortgagee foward the payment of real property taxes, insorance prem:ums, and morfgage guaranty inwr~nte prEtniums. IN WITNE55 Y/HERfOF, the said MORTGAGOR has hereunto xt his hand and seal the day snd ~ t id. ~ _ ~ Signed. Sealed and deliv i~ the p~esente of: - / ~ ~ ~ S. . Sm' h ~ ~ ~ 1 n . Smit n E - ~ STATE OF FtORIDA COUNTY OF $t . UICl@ ~ ~ 8efore me personaily appeared _ K_ SIDl t h and .1@ZOI n M SIDlth his wife, to me well k~own and known to me to bs_ ohe individuals desuibed in and wFa executed the fae~oing instrument, and ackrwwledged before me lhat they e:etuted the sams for ths purposea ~herein expressed. Md the said Jerolyn M. SOlith w~(e of ths said - S. K. Smlth opon • sepa~ate and pirva» examination by me taken sepsrate and apart from her uid band, ackrawledged to end before me that t1~e executed said irutrument freely and vauo- u tar;ly and w~thout any compulsian, constraint, apprehens~on w fe of or from her said husband. t WIiNE55 my hsnd ~nd official seal thi da of AU t 7S f Y ~ A. D. 19 ~ ~ ~ Notsry Public in and fw t Statt of ida at larp~ r My Commission ~npires: ~ ~ a~r~?~ To: fILEO Ah~ aECOR0E0 a~ ~'y Eint fedenl Savings 3 loan Associat~on ST.IUClE COUM7Y fLA. Of Fort P~erce. FG~k~ ~(~ITRA$ ~ Fort Pierce, ftwida C~E~R C~~~~UIT C~U~t '1 ~ REl;~cr~ `•F,.c;F~~ ` , . ~ ~ ~ /,G~~ ; ~ Auc l 3 ~2 PM ?~;~~=~:<c .r ~ This Instrument Prepared By John W. Collins 31~365 ~ First Federal Savings b loan Association _ : . ~ . _ , _ ~ of Fort Pierce , Florida .,j; ~ Checked By - _ ' • iJ ' . . - € ~ ~ d ~ ~ r ~ _ -r . , ~ - 800lc P11i:f ~s~j . ' • ~ : ~ ~ ~ ~ d: ` " _ ~ ~ - . _ _ . -