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3. To pl.ce .nd eonlinvovlly k..p on the bvlldlncp rwNi Of ......n.. -'-te on "lei !.r-<I .net on .11 9qUlpment end penOI'ell( _eel by thil ~
.g., with .11 premivm. Ihereon ~ld In full, fir. In.ur.Me In the \IIv.1 1I....u.rd polley ~ In . au", .pp'oved by I". :JIOtlTGAG.:~, ....,; .....lndolOim
In.vnne. In the ulVal atll>d.rd policy form, In '. lum .j:'pI'ove<! by the MOllTGAGEf. In ouch ~y Of c~n"a .. I... MORTGAGEE IMl'
dlrec" .nd .11 1:, 0 anJ wind..or", In.vrsnc. polki.. on any of ..id building., any Inter"l ther.ln 0" port ther...., .... lhe lW"eg.te kHft .for...1d <<
in .xe... It..roof, aholl eonuin Ih. v.val lunderd mortgl9" e1..... or luel': '.I...... e1.vw .a the Mongogoe /nIY requlr., /nIklng tho 1?0o uncMt lAid poll-
cie., e.<h .00 overy, Pdy.blo 10 saio MORTGAGEE .. ilt Inter"l m.y .ppoer, and e.ch end WK>( auch polley thall b4I promptly ...igned ....J delivered to
any held by toid MORTGAGEE II fvrlh.r .ocvrity 10 "id """'g.g. debl, .nd, nol I... lhon 'on (10) cl.V- In ..tv.nee of lhe ..."It.11on of .Kh polley, 10 ct.
liver JO said MORTGAGEE. re...w.1 th.reol, IO<;/elher wllh a r.'.lpt for lho premium of .uch r...-.II and I..... .;..11 be no fire << wlndolO:'" '.......onal
pl.ced on any of uid bVII~ing., .ny inter." lher.in or p.rt Ih.reol, vnl... In the for.n .nd wllh the 1011 ~y.bl. .1 .1<<"MIdI and In ,he ...-. any.......
01 ",OMy I>.<ome. p.y.bl. vMer .uch polky or policiel uid MOR'iGAGEE Ih.1I hov. lhe opllon 10 recelv. .nd epply tho ..me on accounl of lhe Indeble6-
ne.. lecvr.d heroby or 10 permil uid MORTGAGORS '0 r~.i."e .nd v.. it or any part Iher..,1 for 01.... pvrpoMI, ....i'houl I......by w.ivlng or Im~ir.
ing any eqvi'y, li.n Or righl vnd.r or by vir'". of ,hil mortg.g.; .nd in the ev,,"1 ..id MORTGAGORS Ih.1I fot .ny r...on hil 10 keep the "ld preml~ 10
;".vred, 0( hil 10 d.liv.r prcmplly '''y of ..id pollc... of in.~r.nc. '0 toid MORTGAGEE, 01 hil promptly '0 pay fvlly .ny premium I~....fot 01 In .ny
r..ped f.iI to perform, dilCh.rll., e..cvle, effecl, complele, comply wllh .nd .bide by Ihll coven.nl, or .ny p.rt hereof, "ld MQaTGAGEE mey place .nd
p,y for .vch in.vrence or .ny part Ihereof wi,hout w.ivlng or .He.."1ing .ny option, I"n, equity, 01' ,Ighl under N by "Irtue of ,hi. Mortg.ge, .nd lho
fvll .moun' of ..ch .nd every IVch paymenl .hell be immadi<le1y .;v. .nd pay.ble .nd Ih.1I bear In,er..' from 1M d.l. ,hereof unlll paid .1 I.... rei. of
nine per ce~lvm per .nnvm .nd log.ther wilh ouch i,,'or..1 .h.1I ~ .ecvred by the lien of "'I. mortgage,
-l. To pormil, com".,il or Ivff.r no w..'e, Im"airmen! or d.leriolltlon of ..Id property 01 .ny port tMteof.
5. To ply .11 .nd .ingvl.r I"" co.ts, ch.rg.. .nd .xpon.e., i"e1vding . re..onable .lIorney'. f.. .nd COIIt of .balractl of 'ill., incurred or paid .1
.ny lim. by I.id MORTGAGEE, bee.v.e or In lhe .v....1 of ,he hilvre on the part of the ..Id MORTGAGOR to dvly, !""omplly .nd fvlly po<form, dltche<o4lo
IXeCvle, ellecl. cOlT'plele, comply w,th .nd abid. by each .nd e"ery Ih. Ilipul.'lono, agr..menlo, condiliont, .nd co......nll of ..id promiuory no'e .nd ,hi.
mortg.ge any or .ither, .nd odid cool., charges .nd expen~I, each "nd every, Ih.1I be imnwdi"ely dve end pay.ble; ....he,.... Of 1>01 I...... be <>Otlce d---
-m.nd, .Ilempt 10 Coll"d or .vil pending; .nd In. fvll .mounl of each .nd every luch p.ymenl Ih.1I be.. Inler.11 from lhe d.,. !hareof unlil paid .1 I....
rar. 01 nine per cent""," per annum; and .11 uid co.It, charge. .nd expen... Incurred or paid, logel"'" wi'" ouch Intere.t, ahall b4I oecured by the lien of thIa
mortgage.
6. Th., (a) in Ih. evenl of any breach of Ihil Morlgege or def.vlr on !ha pari of lhe MORTGAGOR, or (b) In ,he .venl .ny of ..id lum. ::>f money
herein relerred 10 be nol promplly and fvlly paid wilhin thirty' (30) d.Y' nex' .fter the .am. le"er.lly become d,'e .nd pay.bl., wltho<.:I dem.nd or nolice,
or (c) in Ihe event e.ch and every Ihe .tipvlation., agr..menll, condil'on. .nd cov.nanll of ..id promluory nol. and Ihi. mor.gag. .ny or .11.... .,. not
Jvly. prompllf and fully performecl, diocharged, executecl, effecled, complelecl, compliecl wilh .nd .bidecl ~y, lhen in ..ilher or .ny lveh ."enl lho "id 19-
~g"tt" n;m mentioned in ~!iid prom;uory note then rem.eining unpI;d. with interest accrued. .nd .11 money. 'Kt..1red hereby. .h.1I bec.~ due .nd plY"
.bi~ forthwilh, or ,here.lrer, .t the oprion of toid MORTGAGEE, .. fvll'l .nd comp'~I~ly .. if .11 of Ihe ..id lum. 01 money ware origin.lly .,ipvl.ted
to be p.d en .vch day. .nylhing in ,,:d pro",i..ory note or in Ihi. Mor'gege 10 lhe conlr.ry nolwilh.landing; .nd lhereupon ot IMreth.r .1 I'" oplion of
"id MORTGAGEE, witho," nor,ce or demand, .vi, al i.w or in eqvily, ,herefore or thereaher begvn, m.y be proseculed as If .11 money. lecured hereby
h~d matured Frlor to its institution.
7. Tholl in the c....C"nl thJ' at the beginning of or at any time pending any luil upon this Mortgage, or 10 fore<IOH it, or to reform it, or to .nfor~
f'Jym~;'1 01 dn'; (I,im. h._'evnder, .,;d MORTGAGEE .hall apply to 'he Covrl h."ing jvri.di(tion tnereof for Ihe oppoinlmenl of ... R~ceiver, .lIch Covrt .h.1I
fcrthwlth dPr:oil~t a re::en,'er of Idid mortge?~d property all and lingular, including all and singular the income, profif', issues and revent,;el from whatever
source d,:-ri.C'd. (,deh and eVNY of ,-"h;ch, it b~in9 eJl:prc-uly understood, is hereby mortg8ged al jf specifically set forth and delcribed in the granting .nd
~,lbcndum dcH.'~t.:S ht.'r~of, and 5'.Jch ~('cel~er .hall have all the broad !nd effective functions and powers in anywis~ entrusted by I Court to a R:e<:eiver, and
'e'(h arpo",'nwnl ,hdll be m.de by ,vch Covrl a. .n admitted eqvity .nd . mott.r of ab.olv'. right 10 ..id MORTGAGEE, .nd withov' ref..enca '0 lhe
adcqvd:" cor Inddcqc"cf of the ,.iv. of the properly mortgaged or 10 Ihe lolvency or in.o!vency "f ..id MORTGAGOR or Ihe delondontl, and ,hal luch
re,,',. pro"", in",me, issve. and- r(,enve. .hdll be .pplied by ''-Ich Receiv~' .ccording 10 Ih. !;~n or eqvity of ..id MORTGAGEE .nd ,he practic" of .uch
Court .
8. To dvly, promptly .nd fvlly perlorm, disch.rge, ~xecule, eff~ct, compl~I., cOn'lply wilh .nd .bide by each .nd every I'" .tipulalions, Illr.....,an'"
condItions end l.ovenen!s in said promissory note l'nd this I""lortgage .et forth.
9. Th,,' ,n the event the ownership of the morlg.gea pr~mi.e., or any part Ihereof, beeome. ve,'ed in a perten olher Ih.n the MOiHGAGOR, ,h.
MORfGAGE€, in. succe5~':HS and assigns, may, wiThout notic4t tc.. the MORTGAOR, deal with luch lu(ceuor or lucceSSor in interest with referenc4t to this
rnoq(~pgc and the dd.T r:crcbt secured in ~he same mi!nner as with Mortgagor without in any way vitiating or discharging the Mortgagors' liability h4tre--
vnd,'r c.r ,von th" delr here~y ,ocured. No ..Ie of Ihe premi.e. hereby mortgaged end no forbe.r.nce on the pari of Ihe MORTGAGEE or ill .uccessors
or ,ss'9n, ""d '10 e.ten.,on 01 the lime for Ihe p.ymenl of Ihe de~t hereby .ecvred given by Ihe MORTGAGEE or ill Ivcceuon 0< all.gn., .hall ope"l.
to re1c",e, d,,(h..ge, mod,ly ch.nge or affecl the or;gin.1 Ii.bilily 01 the MORTGAGOR herein, eilher in whol" or In pari.
10. It is speCIfically agreed that time is of the essence of thil contract and that no waiver of any obligation hereiJnd~r or ~f the oblig.Hon Ie-
(tl~ed r.cr!:by Ina:l It!t any time thereafter be he!d'to be I waiver of the terms hereof or o~ the instrument secured r.erb.,..
in the presence of:
;r
herevnlo .et hi. hand .nd le.1 Ihe d.y end ye.r finl efor~..id.
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S01')'11l3 1JAt."'r~""n. Jr ~nr: wi fp Ell:; ~etersen
Before me penonally appe.red .nd
_~"'1.1~'" Dn+-Ar"AT\ ,.,...,,, '..<1 f'-,. r.nrl ~ ~lptp.r8P-n hil wife. 10 ma well known .nd known I" me 10 h.
the indiv,dv.il de.cribed in .nd who .f'IJ'Cvlecl t~. f.o. rego;.ng. in"''-I"le'l!. I, and t.c~wleckled b411\lS. 1M Ih.I they ",ecvted lhe ..m. for Ihe pvr~'
'.\ ,..~PetpT'~AT\. '.'11 t.p I)' ::;l>n'1113 . et;erSen"Jr
t'n~~ci" ex;:;re-sse-d. And !he laid
;.;)'~g1{,1-':1GXi _~....,,, 'i1Jrll t:pt'''''r~,''''n, ,,'~ fe ,,1' QT'1J"ln ~et.nrsen
STATE OF flORiDA
~., ~ n+-, I'l(,~ p
COUNTY OF ____
vpon . separele aM p"".I.
.cknowledged 10 .nd before me Ih., .h. exacvled ..id in.lrvmenl f,eolt .nd volvn-
of 01 fro,n ;,er ..Id hUlba
VilTt-.E5S my h.nd and olLc;al .eal this
t':!.lrn;naTion by me tH:.~n 'ep,)rate end ~pa'" frOM her said husband.
tM11.,. .snd Without any cornpu:sion, conltraint, apprehen-.ion, or fear
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d.y of
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A.0.19_
Return To:
FirsT Feder.l Savings & loan Anociation
a: F()rt Pierce.
Fort Pierce, Florid.
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My CommiSSIOn hpires l.r., 24, 1964
Io""ed a, A~." 'lfe & Cas"..., Co.
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