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Home My WebLink About0084 ~ 3. To plac~ and continuoualy keep on the lw~Id~nqs now a herea(i~r s~tu~~~ on satd I~nd and on ~11 equipm~M ~nd p~na+ally cov~r~d by thls mortp~ p~, with dl ptmi~ml ihe~eon pa~d ~n lutl, fi~e insuranc~ in tM v~ual ~underd policy fwm, in ~~um approvsd by ~M MORiGAGEE, ~nd winds~am iawra+c~ In tM viwl siandard poGcy fwm, in ~ ~um ~ppioved by tFw MARTGAGEE, in such company o~ comp~nies p 1M MORTGAGEE m+y dir~ctJ ~nd all f&~ ~nd wi~ul~turm i~iuranc~ pol~cies on •r+y of ~aid build~np~. ~ny int~r~ii thsr~ie w part tM~w1, in tM ~pyre~st~ wm ~fore~aid o~ le ~xc~u tl+erwf, slull contai~ tM usual sts~~dard mutyapN clauu or svch o~her clau~~ ~i ~M Matya9e~ may rpuu~. ma4inq tM lou Y1fdK N~ QO~~ ci~f. ~ach and ~vKY. paYabt~ fo said MORTGAGEE as ~t~ intere~~ may ~ppeu. a+xl each u~d svay ~uch poliq shall b~ promptly ~u.yned and ditive«d to . a~y Mld by ~aid MORTGAGEE as furthe. security to ssid mortQey~ debt, and, ~+ot 1eu tMe? ~~n (103 dsyi in adv~~c~ oi tF+~ ~xp'v~tion of ~sch policy, ~o dr IivN 10 ~aid MORTGAGEE a r~ntwal thereo(, top~thtr with • reteipt fo? the pr~miuw~ of ~uth rensw~l; and 11?~r~ shall b~ no fir~ ot windstorm Inivr~oca plac~d on a~y of uk! buildirq~. any in~erest ti?e~ein a p+~~ ~~er~rai, untesa in ths farm srx! witfi ths !ou payabls ss afcressidj Md in tM ~w~t any wn+ of ma~ey becorrws p~yabte under such poliq w policias said MORTGAGEE shall have Ih~ opt~on lo receive and apply ths tiarrw on acount of tiK ind~bt~ n~u sscured hereby a to permit w~d MUR11sAG(7R5 to recaiv~ ~rxi us~ ii w.~~y ~~ti iiK.~~..f l:.r atte: ~c::;.asci. :::~~-::t !h:retrf ~i4y?•~ c~ ,^•fi+~•. inp any equiy, lien a ryht u~~ a by virtue of Ihii mortgaqe; and i~ ~he ~v~nt ~aid MORTGAGORS shall 1or any reawn fail M ke~p tM i+id pr~mises so lnwred, w fall to detiver promptly a~y of said polKies of insu~anc~ to s~id MORTGAGEE, a i~it promp?ly fo pay futly ~ny pr~mium there~w a in any r~apett fail ro perforn~, discharge, execute, effect, complets, comply with ~nd abid~ by lhis rnvena~t, a~ny part hereof, uid MORTGAGEE may p~+c~ and • . paY fw tuth iRSUrante a any part thereof wi~hout waiviny ot aftecllnp any option. 11eq. equity, w rigM unda a by virtw of this Mortgp~. ~nd tht - fvll ~mounl of each and ~vNy such psymem shall be immediately dvs +ed payabls and thall bea~ interost from tM d~t~ thereof ~?ntil paid tl tM rate of - nir» pe~ centum psr annvm and together with suth interest shatl be secured by fhe lien of this mortya~~. 1. To permit, commit or su(fa no waste, impair~nent or deteriwation of said property o? any part thereof. S. To pay all and sinyular th~ coati, charges and expenses. includiny a reasonable attaney's fee and costs of ~bstr~cts of titl~, int~rred o~ paid ~t any time by said MORTGAGEE, betauss o~ in the eveM of th~ fsiluro on the part of tM ssid MORTGAGOR to duly, promptly +nd futly perfwm, duch+ry~ ~xecute. eifeci, comptete. cwnp~y w~ih and ab:de by each and etrry eha st~w-~~t~s. arree^:snts, canditiarn. ar+d cowrants oi }aid promissory not~ ~nd thit mortgap~ any w e~tFrer, snd sa~d costs, charges and expcn~es, each ~nd eve~y, sh~ll be immed~ately dve ~nd p+ysbl~; wheths~ w not ther~ b~ notke dr mand, attempt to tofkct or wit pend~n9; and the full amount of eatF~ ~nd every svch paymeM shall bea? intercst from the dale tlr:eol untii paid ~t the rate of nine per centum par snnurn; and all said cosn, charye~ ~nd expenus incurrsd w paid, logether w~th such inter~tt, ahall b~ s~tuted by 1M lien of thu mortpaps. 6. That (a) in the evMt oi any breach oi this Altortgage o~ default on tM pa~t of the MORTGAGOR, a(b) in the eve~t ~ny of tatd sums of monty herein r~terred to be not promp?ly a~d fully psid within th~rty l30) days nexl aiter the same stveralty become dues~nd pay~ble, wilhovt demand O~ notits. or W in tl?e event each and every the stipulations, +grecments, conditio~s and covenaots of H~d promissory not• YRd th~s mort~ay~ a+~y w tithtr are nW ~uly, promptly and fully perfamed, d~uharged, e,cecuted, efiected, completed, complied with ~nd abided by, rhen in either w any tuch ~v~M tM s+id a¢ pregaro sum menr'aned in sa~d p~omissory rate then remaininq unpa~d, with intersat acaued, and all moneys secured hereby, ~hall becom! dw ~nd pay~ able forthwith, a therea}ter, at the option oi said A10RTGAGEE, ~s fully +nd comptetely as if a~l of the iaid sums of mon~y were aigin~lly ttipulatcd to be paid on s~ch day, a~yfhing i~ sa~d promisswy note w in this Mor?gage to the contrary notwith~tanding; and thereupon•or thereafter at th~ option of said MORTGAGEE, w~thou! notice w demand, suit at law or in equity, tlxrefwe or thereaf~er begun, rt?ay be prosecuted as if dl moneys secured her~by had matured pnor 1o in instievtion. 7. That in the event that at the beginning of or at any time pe~diny any suit upon thi~ Mort9ag~, or to faeclose it, w to refwm it, or to enforct payment of any ctaims hereunde~, said MORTGAGEE shall appty to the Coun ha~ing juriad~aion thereof fw the ~ppoi~tment of ~ Recelva, wc~? Court sha~~ fathwith appoint s rcceiver of said mortgaged property atl and singular, includ~ng all and s~ngular the ircoms, profits, Iuvss and rwenues from whatlver source derived, exh and every of wh~ch, it being express!y understood, is hercby mortgaged as if specifically sef fath and dewibed in the q~antin~ and habendum clavus hercof, ~nd suth Receiver shall have all the broad and effective funct.ons and powers in anywise entrusted by ~ CouH fo ~ Reteivtr, and such appointment shall be made by such Court as an ~dm~tted equity and a_ma+ter of absolute right to said MORIS'iAGEE, ~nd without reference to ~M aAequacy or ~nadequacy Oi tne vaiue of tne properry mor~gsgec w w~ne soive~~cr w i~~w~~r~Ky vi ce:u' l:.vwTv:vvw w" c'.o•`a.-..~.:~:.. :F..:! w~ rents, profiri, intorne, istves and revenues shall bs applied by such Rcceiver accord~iig to the licn q equity of said MORTGAGEE and the pradice eji~such ' Court. • I 8_ To duly, promptly and fully perfwm, discharge, excwte, ~ffed, completc, compJy with snd abids by each and every the itipu~etpna~eement~, condiYrons and covenants in sa~d promisswy note and this mertgage set forth. 9. That in the event the ownersh7p of the mortgaged premises, or any part thereof, becemes vested in s pe?son other than the MORTGAGOR, tF+~ MORTGAGEE, its successors and auigns, may, wifhovt notice to rha MORTGAOR, deat w~~h such successor w successor in intersst wi~h reference to thia morlgsge and the debt hrreby secured in the same manne~ u with Mortgagor without in a~y way vitiatin~ or dixharging 1M AAwtgapo~s' liability f+era under w upon the debt hereby secured. No sate of the premises hereby mo.tgaged and no forbearante on the part of tM MORTGAGEE a it~ successors or auigns and no cxtension of the tirtx for the payment of the dcbt hereby secvred given by the MORTGAGEE a its iuccessora u auiyns, rMll operats to rofeau, dixharge, modify change w affcct fhe wiginal liabilny of the MORTGAGOR hsrein, tither in whole a in part. 10. It is spec+ficatly agreed that time is of the csxnce of this contract and that no waiver oi any obligation hereunder or of tht obliy~fion se- cured hereby ahall at any time thrreafter be hetd to be e waiver of the terms hereo( p of the instrumeot secured hetby- 11. In add~tion to the forego:ng monthty payme~ts of princ pal and intercst required by the prom~swry no~e secured hereby, mortgagor covenants and agrees to pay to mo;tgagee wish each moofhly pay~r.ent an add~~~ooal sum esr~ma~ed by mortgsgee to be equal to 1/12 of the anoual cost of ihe fdlow- ing: ~ A-All real property taxzs ~ev~ed or assess~d agai~~st thc above desaibed rea! estate. I I B-Premwms on fire and windstorm insurance as herein requ~red to be carried on the iTprovemerib situate on the above described premises. ; C-Premiums on such mortgage guaranty insurar,ce as mortgagee shatl from time to time deem fit to carry on tF?e ban secured he~eby. Mortgagee shatl irom t~me to t~me notify mortgagor in wr;ting of the amouM due and payable Fxreunder snd such sum shall thereupon be due and ~ payable on the due date of the next monthly payment and each successive month thereafter ur.til mortg+gee shall nofify mwtgagor of a change in such ~ amount. Such sums sF.ai~ be appiied by mortgagee toward the payment of real property taxes, insurance prem.ums, and morigage gwr~nty insurance premiuma. _ ~ IN WITNESS WHEREOF, +he sa~d tiAORTGAGOR has hereunto set his hand and seal the d year firsf afwtsai /1 Signed, Sealed and delivered in the presence of: ' fr J{ ~ Q a e . it 1 ~ _ rt a l~: ~it ~ STATE OF FLORIDA ~ ~ COUNTY ~F •St . Lucie ~ ~ . . ~:~~'!c- 8efore me perwnally appeared ~le B• S11tZ1 , •~nd Martha A. S~ith h;: W;t~, to r,x ,,,,~u krwMn tnown m r~ie p.6. the individuats described in ~nd who executed the fwegang instrument, and acknowledged befae me that tF~ey executed f fa th~~urpoaM g therein expressed. And the said Martha A. $31t~1 - Dale B. Smith wife of the ssid + s~W~~.~ Pr~+~ examination by me taken ceparate and apart from her said husband, atknowledged to and befwe me that she exetvted sai~ ~n~,um~nt {Ied~,~ tarily and withovt any compulsion, co~straint, apprehens or fear of ot from her said husbsnd. ~1 WITNESS my hand and officiat seal th~s day of ~ ~r A. '0. 19 76 z ~ ~.[il`~Yl,~ ~l J../f~ / ~ ~ tsry Public in ~od for the Sute of Fiwida ~t lary~ u ~ My Commission expires: _ ~ ~ ~ Retum To: a ~ First Feder+l Savings 3 loan Associat~on 5 Of Fort P:erce. ~ Fort Pierce, FloriJa FI~EO A~+c +~tcJ~DEO ~ ST. lUC1E COUMiY f ~A. ~ ROCEfl ?O~TRAS CIHiK C1PGU1? COURT This Instrument Prepared By Donald B. Hughes REC0~0 VER~fIEO~--~ ~ First Federal Savings ~ loan Association ~ of Fort Pierce , F1oZida. 6,•; ' 12 96 P~ W~ Checked By ~~~3 ~ ~ ~ sssz61 ~ jj ~ - - - - ~