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3. To plac~ a~d continuously keep on ~he bui!d~~gs now w hereafter ~~~uat~ on said land and on all equ~pment ~nd person~ily covered by Ihis mort¢ ~
ege, wilh al) pre~iiums thereon pa~d in iull, fire insurante in th~ usual standard polity form, in • tum approved by tM MORiGAGEE, a~d windstam }
insurancs in tM uswl ~tindard pol;cy form, in a sum approved by the MORTGAGEE, in fuch company or companie~ ss 1M MORTGAGEE may I
d~ret~; ~ad all fire and w~nd~lorm insurance polic;es o~ any oi said bvildmgs, any inte~esl therein w part thercof, in th~ ~ggregate sum dweiaid a
in eacess thereof. shall ca,tain ~ha uiual s~andard mafgagee cliuse a sucA o~her clause n ~he Mo.~g+gee mey ~eqvir~. ma?inp 1hs lou unde~ sa~d poli~
dei, each and every, payable ~o w~d MORTGAGEE ~s ~n in~erea~ may ~ppear, and each and every such poiicy shsll be promptly au gned a~d deGvered ro •
any hetd by sai~ MORIGAGEE as fu~Iher security to said mortgs9e debt, and, nol le» than ten (10) dayi in advance of the eapiration o( each policy, to dr _
I~ver to said MORTGAGEE a renewal thsreof, togelher with a receipl fw the premium of such renewal; and thers ~hall be no fire or wind~torm insv~arxe
placed on a~y of said buiid~ngs, any inte~est there~n w pa?I thereoF, unless in the form and with the loss psyable at a(aesaid; and in ~M event any sum i
of money become~ payabk ~nder such policy w polic~es sa~d MORTGAGEE ahall have the opt~on to receive and apply the same on account of the indebted F
ne~s setured hereby a to pe~mil sa+d MORTGAGORS fo reteive and use it w any pa~t tl~creol for othcr purposei, v~ithpuf ~h~~ea~ w~ivi~ig or unpair-
ing any eqv~ty, lien p r~gAt under or by vi~tve oi ~his morrgage; and in ~he event w~d MORTGAGORS sAall for any reason fail to keep the sa~d prem~ses so ~
insured, o~ fail to deliver promprly any of sa~d pol:cies ol insurance to sa~d MORTGAGEE, or fail promptly lo pay fully any pre~nium ~herefw or in any
respect fae~ to per(wm, dixharge, execute, elfect, comptete, comply with and abide by this tovonant, w any part hrreof, said MORTGAGEE may plate a'+d
pay fw tuch i~aurance at any part therrof without waiviny w aifecting any option, lien, cquity, w right under or by vi~tue of this Mw~gage, and the
full amount of eath and e~ery such paymenl shall be irnmediately due and payable and shall bear inte~est from tF?e date thereof u~~til paid at the rate oi
r~~ne per ceotum pe~ annum and ta~ether with suth intrrest shail be secured by Ihe lie~ ol this nartgage.
To permil, commit or suffer no waste, impairment w deier~orat~on of sa~d property w any put thereof.
S. To pay all and singular the costs, chargcs and expenses, including a?easonab!e attorney's (ee and costs of abstradi of title, incu?red w pa~d st ;
any time by wid MORIGAGfE, because or in ~he event of the (ailure on the part of the said MORTGAGOR to duly, promQtly and fvlly pe~iwm, d~scharge_ !
:¦~cute, efFed, complete, comply wah and aG;de 6y each and every ~he stipulatwns, agreements, cooditions, and covcnams of w~d promiswry~note and ~his !
,~,ortgage any w e~the~, and sa~d costi, charges and expenses, each a.~d every, shall be immediately due and payable; whether p not there be notice dr
mand, attempt to collect or suit ptnd~ng; and the fuI! amount of each and e~ery such payment shall bear inreresl from the dste thereof until paid at the
r.;~~ of nine per c2ntvm pcr ann~:n; and all said cos~s, charges a~~d expenses ~ncwred o? pa~d, together wuh such interest, ahall ba secured by the lieo o( thif
mo* tgage.
6. Tha1 (a) irt the event of any breach of this Morfgage or de(au~t on the part o[ the MORTGAGOR, or (b) in the event sny of uid sums of money
herein relerred to be not pramptly a~d fully pbid wifhin thirty (3G) days next ait~r the same seve~atly become due and payable, witAout demand or notice, ?
or !c) in the evem each and every the s~ipufations, agrcements, condif~ons and covenants of sa,d promiswry note and ~h~s mwtgage any or either are not ;
iuly, promprly and fully perforrned, d~acharg~d, executed, effec~ed, completed, com~:ied w~~h and abided Sy, then in either w any such event !he said ag j
gregate sum mentioned '+n sa~d promiasory nole fhen remaining onpa~d, with interz;t accr~ed, and all mpneys xtured hereby, thall become due and psy- ~
ro'e forthwith, or thereairer, at tha oprion oi sa~d 610RTGAGfE, as (ully and comp!ete~y as if all oi the said sumf of money were aginatly st~pvlated t
~o be pa~d oo such d~y, anything in sa.d pran~sswy note or in th~s Mortgage to the corora.y no~w~thstanding; and thereupon q thereafter a~ the op~ion o( j
s~~d MORTGAGEE, without no~~ce or demand, suit at Iaw w in equity, there(ore o? ~hercaher begun, may bt proxcuted as if all moneys seturpd he~eby ~
c:d matured pr~or to ~ts inst+turon.
7. That in the evenr rhat ar ~he beginn~ng of o. at any f~me pending any su~t upon tl~is Mo.tgage, a~ro fwectose it, w to reform it, or to enfo.ce !
: ati•m~n! of any cia~ms he~eunde?, said MORTGAGEE shall apply to the Court ha~~ng ~~r~sd:ct+ai thereof tor ti~e ~pointment•of a Rece+ver, svch Court shall '
,~•rh.vith appoint a re:eiver of seid morlgaged property aIS and singutar, incEud:ng ail and s~~~gu~ar ~he income, proffts, )ssues artd revenues from whatever 1
s_ u•ce derifed, each rnd every of wh:ch, it being expreas!y uritiersteod, is her:-uy morrgeged as if spec~(ically sN fwth a~ deXribed.in the grantin~ and ~
t.;bendum clauses hereof, and such Receiver shafl t~ave all the broad and effecrive tunct•ons and powers in anywise emrusied by a Cou~t to a Receiver, and
s_ ch appointment shall be made by wch Court as an admitted equ~ty and a mane~ c{ absolute nght to said MORiGAGEE, and withoul reference to the
a~i>quacy a inadeq~acy af the value of ~he proper~y mo~tgaged or to tha saventy o. ~r~vivenq ot said MORTGAGOR a the defendants, arx! that such
-~~s, profita, incane, issues arxi revenues shall be applied by auch Receiver accard:^g ~o the lien w equity of said MORiGAGEE and the prattice of such
Court.
8. To dufy, prarcpt!y and iully perForm, d~stharge, exewte, effect, cortq~lete, con,ply with and abide by each and every the stipuiationi, agrcemeNS,
wnd~tions ond covenants ~n sa~d prom~ssory ~ote and th~s mortgaye s~•t torth.
9. That in the ev~nt the ownersh~p of the mortgaged premises, or any part thereo(, becomes vested in a perwn other than the MORTGAGOR, the
',t~RiGAGEE, ifa wccessws ar,d ass:gns, may, wi:hou~ no~~ce to the .V.OR:G/~OR, deai with such successw or successw in iMerest with referente to thi~
r~ rtgage and the debt hereby sacured in the same mao~cr as w~th Nlortyago+ w~thout in any way viGating or diuharging fhe Nbttgagors' liabilify herr
J_•: or up~in the debf hereby secured. No sa!a of tl~e premises hereby mortyaged and no fwbearante on the part of the /AORTCaA6EE or its successors
c~ esstgns and no extension of rhe timr Sor the pryment o3 the debt nere6y secured grven by the MORTGAGEE or its iuccessors or ass~gns, shall operote ~
ro re!ease, d:scharge, modify change or affect the m~ginai liab~lrty of the MORiGAGOR herein, eithe? in wlwle w io part
10. It is spec+Fically agreed tha~ tirne is of the essrnce of this contract and that no waiver of any obligation hereunder or of the obligation se-
c~~red h.:reby shalt at any time ?hereatrer be held to be a waiver of the lerrns hereof or o~ tFx inslrument secu~ed herby.
1!. In arid.t;cn ~o the (oregd~~g nionlh!y µaym~nts of p:inc'pal and inrerest requ~red by 1Fx prom~ssory no!e secured hereby, mortgagor eovenants
:i agrces to pay ro mo-sg~gee w~tF. each mcnth!y p.~yr~em an aJd~:iona! sum est~Tated by mortgagee to be equal to 1%12 of the annual cost of the follow-
i
A-All real property taxrs ~evie3 or assessed aya~•~st th•- aboae deu~iyed r_al esrate.
B-Fremi~ms on fi.e and v~•indsronn inwra~~ce as i~e:ein •equ~red ro be carned on the improvemeits situate on the above described p~emises.
C-Premiums on such mortg;ge gua+anry ir.sura~.ce as mortgagee shaii from r~r.e ru time deem fit to carry on t{m ban secured hereby.
Mortg~a~ee sha~I frorr, t~m~ to t~me nnf~fy n:o~tgagor ~n wr;t.ng of the an,ount d~e and payabie hereundrr and such sum shall thereupon be due and
' ;.,ble on the due ~ate of the nert n:onthiy payment a~d each svccessive mon~h thereafter ur.tit mwtgagee shall noNfy mortgagw of a change in such
evnr. Such svms s~a:~ be app;ied Ly mortgagee tor.ard the payme~t of real p~operty taxes, insura~ce prem:ums, and mwtgage guaranTy insurance
c ,:;vms.
IN Y~ITNESS Y:HEREOF, the said M,ORTGAGOR haa hereu~to set his hjnd and seal the day and year first aforeuid.
Signed, Sealed and detive~ed in tht presence of: f~Ea f~L~~~a
- - st ~uc~~ ~ iu~r FL~. !"-~~-t, ~ n
~ ~ ! T
. iOGE+~ FC •?~S '
~ CL~~R ~i ~:.UlT CBURT~ . (Sea
~ _ - Rf~nr;~YF~`=~E9 - Sea4
t csNn
~ :TE OF FLORIDA ' ~j V 79 ~'75
~ '":J'sTY OF St. Lucie ~ ~
~ Henr 1~arren Smith '
Before me personally appeared y eMJ
~ o ~1 S 1 e M. $ID 1 t~7 his wife, to me well known and known to me to be
+r e individuaSs described 'en and who executed the faegoing instrument, and acknowledged befwe me that they exetuted the same fw the purposes
~ r~•_r_in expressed. And the said _ ~SIS].@ ~1. ~lt}1
~ +.:f~~ of the said - _
Nenr~r War r~n $mi th , o~«, a uparate ared private !
~aT~nation by me taken separate and apart irom her said husband, acknovrledged to and befwe me tfiat she executed said instrument freely and volun~
~ _•~:y and w~tfnout any compulsion, constrain+, apprehens+ w~pr fear of w from her tald husband.
l~fU
~ WITNESS my hand and offic~al seal th~:_~__~ day of_ Au uS /1. p, 19 75
~ ~J.
t ~
` Notary Public in and foJ the ~sie of Florida e1 Large
g , My COmmissiOn expirlt: i
fr Return To:
S
~ rirst Federal Savings 3 Loan Associat:on
s
a Of iort P,erce. •
~ fort Pierce. Heridj ~ •
~ ~ t.Of~4Y Fl~n[t~. STATF of ROFrn ~E
~'r :'Y ~p:,^•;. A at lAq.
•'~":1;•};, _ .....,~tOY Elrle
~ l~,-?~• , ,f,~ tui.QCJ b ~ EC Ji.[~. :ti7
~ ~ ~ ~ ~ J ~ Y a~.rkar, :.~.:sers i,~sa:an:.e Ca
~ This Instrument Pre ared B ~ ti; -.~!1'~'•
~ p Y Richard K. Kayes -
~ First Federa) Savings ~ Loan Association c- ~ .i ~ ~Y~
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# of Fort Pierce ~ Florida ~ ;
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~ Checked By ~tcir,o r.~ d00K~~ PJIGE~~7'~!~ _
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