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3. 1o place and continuously keep' on tM bulWin~aT rears IOrlheniff~tRtbhl ~M
age, with all premiurtts thereon paid in full, fin irssswarsce in tM wwl standard policy
)nwranca in tM usual ^»mdard polity form, ks • twm approved by 1M MORTGAGEE,
direct; end all fire and w'usdsrorm irowance polkas on any of said buildings, any
in excess thereof, sMll contain tM uwal standard mortgagee clasrsa or such other clause
ties, each and every, payabo ro seed MORTGAGEE as its intern : ~t+~r,~ ~ ~'
any Mld by said MORTGAGEE as fwther security ro said mortgag
liver to uid MORTGAGEE a renewal thereof, together with a rauipt for tM pemium of
placed on any of said buildings, any interest Nserein or pert thereof, unless in tM form
of money becomes payabo under such policy or polcies said MORTGAGEE sMll Mw tM
ness secwed Mreby or ro permit uld MORTGAGORS a receive and use it or any part '
ing any equity, lean or right unde- or by virtw of thb mortgages end in the wenl.feid M
insured, a fail ro deliver promptly any of said policies of insurance to said f>tiORTGAG
rasped fail ro perform, discharge. execute, effect, compote, comply widland abide by I
pay for such insurance or My part tMreof without rwivirg a of fading any optics. lie
full amount of each and every suds P+YTent ttMll be immediately due and payabo erect
nine per cantum per anrwm and together with such interest shall bs rwcs+red by tM lien of
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4. io ve+nrG, w.::ti: w •.:,•ff="^.^ y"srM: imoalrmNH or deterioration of Mid props
S. To p.y all and sirgular tM costs. dsargea and expenses, including a reasonabb
any Hraa ty raid MORTGAGEE, berxse or In tM event of tM failure on tM paA of tM
execute. effect. compote, comRN with and abide by each and every tM stipulatiorn, egn
mortgage any OI •ithN, and uid cwn, cMrges and •:pareses, each erect eery, sLal: ba
mend, anempt to colod a wit pendirsps end tM full amount of each an'd awry suds I
rote of nine per cMtum per ennums and eel Ned cos». charges and expanses inprrred a F
nwrtgage.
6. 7Mt (a) fn tM event of arsy breach of th's Mortgage a default on 1M peA of 1
herein referred ro be not promptly and fully pall within thirty (30) daytPrsext aher 1M i
« (c) in tM event each and every tM stipulations, agreemenri, 'conditions and cOVMM»
~trly, promptly and fully performed, diucharged, executed, affected, completed, canplied
gregate sum mentioned In uid promissory note tMn nmainirsg unpaid, with interest an
able forthwith, a thereaher, et tM option of said MORTGAGEE, as fully and completr
to be paid ors such day, anything in said promissory note or in this Mortgage to tM ca
said MORTGAGEE, without notke or demand. suit at law a in equity, thereforo a tM
Md matured pri« to i» institution.
7. That in tM event tMt at tM beginning of or at any time pending any suit u
payment of any claims Mreunder, said MORTGAGEE shall apply to the Court Mving ju
F«thwith appoint a receiver of said mortgaged property ell and singular, including all a
source derived, each and every of which, it being expressly understood, is hereby m«
habendum clauses hereof, and such Receiver shall Mve •II the broad and effective (unci
such iY~,~p.;.Me,,t shall i,w made by such Court as an admitted equity and a matter of a
adequacy « inadequacy of the value of the property mortgaged or to the solvency a
rents, profits, income, issues and revenues shall be applied by such Receiver scc«dirx
r_._...
8. To duly, promptly and fully perf«m, discharge, execute, effect, complete, ton
conditions and covenants in said promissory note and this mortgage set forth.
9. That in the event tM owner:ship of tM m«tgaged premises, or any part tM~
MORTGAGEE, its success«s and asigns, may, without notice to the MORTGAOR, deal
m«tgage and the debt hereby secured in tM same manner as with Mortgagor without
under « upon the debt hereby secured. No sale of tM premises hereby m«tgaged ai
or assigns and no extemion of tM time f« tM payment of the debt hereby secured S
to release, discMrge, modify cMrpe or affect tM «iginal liability of tM MORTGAGI
10. It is specifically agreed tMt time is of tM essenu of thb contract and
cured Mreby sMll at any time thereafter be Mld to be • waiver of tM terms hereof r
IN WITNESS WHEREOF, the said MORTGAGOR Ms hereunto set his Mnd and ere
Sigrsed, Sealed and ~a::'.:rea to tM presence of:
C-'
,~
STATE OF FLORIDA
St. Lucie u-
coufm of
before me persorsally eppeered Wilhecnenia Barr,
Ilse indwidwl~ described in and who executed iM foregoirg instrument, and adcn
therein expresud. ~lrs: tlse eeN
WITNESS my Mnd end offkial seal thi• .s~.r~ day of
Rehm To:
F4er Fed.rd savings i Loan Association
Of Fort f'ierp.
Fort Pierce, Florida
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