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0, R,
BOOK
ST. LUCIE COUNTY. FLA.
Mortgagur shall pay to th~ Mortgape any amount. n~ w make up tbe deficil'ncy. Such payment aball
be made within thirty (30) days afLeI' writLen notice lrom t.he Mortppe atating the amount. of the doficit'ncy,
wb!ch notice may be Jiven by mail. II at. any time the Mortgagor shall wrader to the Mortgagee in accortl-
- anee with Ule proviaaone 01 t~e note .~ured hereby, lull p..ym~t of the entirt" i~dt'btednH8 rt'prt's('ntt'd
therebv, the Mortgagtle shull, m compuhng the amount. 01 such mdebtednC!l8, Ol'etht. to the ACcOunt. of t.h('
M'lrt.g8gor any credit balance remaining under the provwons of (a) of said parqraph 2. If tht're !ball be a
drfault under any of the proviaiol1s 01 this mo~e resulting in a public sail' of Ult" prt'mi~ ooverNl hrrt"bYi
or if t.he Mo~ee acquires the propt'rty otherwa.e afta' default., the Morl.g~ shan l&pply, at. the time 0
the COmmeDCl'mf'llC of Aucb proceedings or at. the time the propt'rty i. othrnale acquired, the amount I.hen
rf>ma!ning to ('redit 01 Mortgagor. u~drr <a) of par~aph 2 p~roinR. as a cl"'l'dit. on the int.ert"st accrued and
unplUd and the balance to tht' pnncapal then remauung unpud on &aid not.e.
4. He will pay sIl tueII, .. ~nta, water ratee, aDd ~ IOvemmeutal 01' munJcip.! chargcle, fiDe8, or
impositions, for which provision baa not been made hereinbefore, and in default thereof the MoJ't&alee may pay the
same; and that. he will promptly deliver the official receipte therefor to the Mortppe. ,
6. He will permit, commit, or su1fer DO wute, impairment, or deterioration of Mid property or any put the~1
except reasonable wear and tear; and in the eveat of the failure of the MortP<<Or to keep the buildinp on 8&l(l
premille8 and thoee to be erected on said ~ or improvClMnte thereon, in KOOd repair; the Mort~ may
make such repains as in ita diac:retion it may deem n6(l-- ry for the proper preeervatiOll thereof, and the fullamount
of each and every such payment Ilhall be c:iue &Dd payable thirty (30) daya after demand, and ahal1 be eecured by
the lieD of this mortpp.
6. He will pay all and 8in<<War the ooeta, charttee, and expeD8e8, including reaaonable laW-JUI ~, aud costa
of abetracte of title, inCUl'1"lld or paid at any time by the Mortpaee becaUll8 of the failure on the part of the MQltgagor
promptly and fully to perform the ~nta and covenante of said promi8eory note ADd thi~ mortgage, and said
008ta, chargee, and expelUlM ahaU be Im~t.eJy due and payable and shall be eecured by tbe lien of this mortgage.
7. He will continuously maint.&in hazard m.11I'1UlC8, of IUch type or types and amounta &8 Mortg~ee may
from time to time require, on the improvements now or hereafter on said premises lmd except when payment.
for all such premiums haa theretofore been made under (a) of paragra'ph 2 hereoft he will pay promptl, when
due any premiums therefor. AD m.urance shall be carried in compaD1el approvea by Mortgagee a.iid toe poll-
cill8 and renewala thereof shall be beld by Mortgagee and have attached thereto 1088 payable da~ in favor of
and in form acceptable to t.be Mol'I.gape. In event of 1088 he will give immediate notice by mail to Mortgagee,
and Mortgagee may make proof of lO8l if not made promptly by Mortgagor, and each insurance company
concerned is hereby authomed ahd directed to make payment lor such 1068 directly to Mortgagee instead of
to Mortgagor and Mortgagee jointly, and the insurance proceeds, or any part thereof, may be applied by Mort-
gagee at its option either to the reduction of the indebtedness hereby secured or to the restoration or repair of
the property dam~ed. In event of foreclosure 01 this mortgage or other transfer of title to the mortgaged
property in extingulShment of the indebtedness secured hereby, ;n right, title, and interest. of the Mortgagor
m and to any insurance policiea then in force shall pua to the purchaaer or grantee. '
8. H;> will not execute or file of rt>Cord any instrument whicb imp0&e8 a restriction upon Lhe sale or occu-
pancy of the property described herein on the basis of race, color, or creed.
9. If thl' prt-milK-s, or any part thereof, be condl'mned under the power of rminent domaiu, or acquin-d
for a public use, the dam>'S awarded, the proc('oos for the taking of, or th(' consideration for such acquisitioll.
to till' l'xtl'nt of tht' full aMount of the n>mailling unpaid indt'btedness secur('d by this mortgage, are lwn'b,;
assignoo to tht' Mortgagt'<>, and shall be paid forthwith to said Morlgagee, to be applied on aceoulIl of tt'-I'
last maturing iustallments of such indebtednel!l8.
10. The Mortgagee may, at any &.ime pending a suit upon this mort,gagf", apply to the court hlwin~ jllri!'l4lir-
tion tlaerl'Of for Ihe appointment 01 a receiver, and such court shall forthwith aJ,>pomt a rl'ct.inor of thr prNuist's
co...ered hert'b... all bod Ilingular, indudin~ all and singular the income, profits, l88ue&, and revenut'S from what-
ever source d!'rived, each and evt'ry of whlcht it bdng t'xprl'881y understood. is hereby mortg>'d as if 8pt'Cificallv
st"t forth and dl'8<'rihed in the granting and habendum clau8e8 bel'f'Of. Such appointment shall be mad!' by
such court as an admitted equity and a matLer of absolute right to said ~Iortgagee, and without ref<>rence to
the adequacy or inadequacy of the value of the property mortgaged or to the IOlvency or insolvency of said
Mortgagor or the defendants. Such rents, profits, income, issues, and revenues shall be applied by such receiver
according to the lien of this mortgage and the prBctice 01 such court. In the event of any default on the part
of the ~Iortgagor hereunder, the ~lortgagor ~ to pay to the ~Iorlgagee on demand as a rt'8S<mahl.. monthly
rental for the prt'misea an amount at least eqUlvalent to one-twelfth O~I) of the aggregate of the tWt'h.e monthly
instaUmenta payahle in the then currt'nt year plus the actual amount of tbe annual taxes, s88e8Smt'nts, water
rat~, and insurance premiull18 for such Yt'tor not covered by the aforesaid monthly payments.
11. In the event of any breach of this mortgage or default on the part of the ~Iortgagor, or in the event
that any of said SUIl18 of money herein referred to be not promptly and fully paid according to the tenor hereof,
or in the event that each and' every the stipulations, agreements, conditions, and covensnts of said note and
this mortgage, are not duly, promptly, and funy perlonned or if the Mortgagor be adjudicated bankrupt or
made defendant in a btmkrupt.cy or receivership proceedings; then in either or any such e..'ent, tht' said &ggrt'-
gl\te sum mentioned in said note then remainmg unpaid, with int~rt'St accrued to that timl', and Iill monev
secured hereby, shall become due Md payable forth,,;tb, 01' there.fter, at the option of said ~Iortgagee-;-as
fully and completely as if all the said BUms of money 'were origin&lJy stipulated to be paid on sueh day, any-
thing in said DOLe or in this morlftage to the contr&rf notwithstanding; and thereupon or thert'after. at tht' oplion
of said Mortgagee, without nohce or demand, SUlt at law or in equity, may be prosecuted. as if all moneys
secured hert'bv had matured prior to ite institution. The Mortgagee may foreclose this mortgage, &8 to tl\(.
amount 10 deClared due and payable, and the Mid premises Ihall be sold to satisfy and pay the aame-to({l'tht'r
with coeta, expeMe8, and allowancea. In cue of partial foreclosure 01 tbis mortgage, the mortgagro prl'milWS
shall be sold subject to the continuing lien of this mortg~ for tbe amount. of tbe debt not then due and unpaid.
In such case tbe provisions of this paragraph may agaan be availed of theresft~r from time to time by the
Mortgagee.
12. No waiver of any covenant. herein or of the obligation secured hereby shan at any time tbt"rellfter be
held to be a waiver of the t.erms hereof or of the note secured bereby.
13. The lien 'of this instrument shall remain in lull force and effect during any postponement or extt>nsion
of the time of payment of the indebtedness or any part thereof secured hereby.
14. ThiB mortgage is given to secure the purchase money, or a part thereof, of the lands herein ftt-s<.-ribed
and is executed and delivered cont.emporaneoualy with the deed therefor.
15. If the Mortgagor default. in any 01 the covenants or sgreeJ1lenta contained herein, or in said note, thl'n
the Mortg~ may peiionn the lame, and all expenditurea (including reasonable attorney's ft'e9) made by tht'
Mortgagee an 80 doing shall draw interest. at. the rate provided for in the prindpal indebtedness, and shall be
repayable thirty (30) days after demand, and, together with inwrest and COlla accrued thereon, shall beseeured
by thia mortgage.
16. Upon the request 01 the Mortgagee the Mortgagor ahall execute and deliver a supplt'mental note or
noLee for the sum or &um& advanced by the Mortgagee for the alteration, moderniution, improvement, main-
tenance, or repair of.Mid premiaea, for tAxes or 8AJe181Denta against the .same .and for any other p~rpose author-
iaed hereunder. Said note or not.ee a1u;JI be secured herebl on a panty With and .. fully as af tbe advance
evidenced thereby were included in the note fu..t deecribed above. Said aupplemeot.al note or not.e& sb"l bear
20 PACE541
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