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3. To lace end continuously kee on the bui!din snow or he~eaftty7s~tua salts,,asi,~~ d I equipment and personally covered by this n±orrg~
age. with ellppremicros Rnreon paid i nfull, Fire inwrance in the uxal. symsf••~+~cy` ro Af, i~sa ~~.approved by tt.e 1.!ORIGAGEE, ar.d windstorm.
insurance in the uwal standard potty form, in a sum approved by the h50RTGAGEE, in such Yompany or companies es the A10RTGAGEE rnJy
Booth and all (ire and w;ndstorm insurance policies on any of said buildings, any interest therein or part thereof, in the eygregata sum aforesaid or
in excess therrof, shall comain she usual standard mortgzgeQ clause or wch other clause as the Mortgagee may rewire, making cite loss under Bard yol.i-
ties. each an;1 every, payable to said MORTGAGEE as its interest may appear, and each er,d every such po•ICy shall oe promptly ass gned and delivered to
er.y had by said 1.tORIGAGEE as Furthtr security to said mortgage debt, and, not less then ten (IOi days in advance of the expiration of each policy, to dr
li.zr rc said h1pRTGAGEE a renewal thereof, together with a receipt for the premium of wda renewal; and here shall be no tiro cr windswnn insurance
placed oo an; of said buildings, any interest therein or psrt thrreof~.nless in the form and with the loss payable as aforesaid; and in the evem any Burn
of money becom:cs payable under such po!iey o; policies said MORTGAGEE shalt have she option to receive and apply ,he same on acoouot of the irdrbtrd-
ness secured hereby er to permit said h10RTGAGORS to receive zed use it or any part therrof fo• other t.urtr_:~~s, ~.v :. •roar th,r.~t:y ~:. .:~,~~-~d or r,:~.p.,i:-
ing any equity, Ilan or rght under or by virwe of tt.is mortgage: end in the event said MORTGAGORS shall for any reason fail to keep the said premises so
insured, nr fail to Bolivar prompsly any of said policies of insurance to Salo /d.ORTGAGEE, or fail promptly to pay fu~ly any premium th_raf~.r or in any
respell fail to perform, discharge, execute, elfeU, complete, comply with and abide by th!s cove-?ant, or any part hereof, Bald MORTGF+Gi.E may f%lac•~ a"o
pay (or such insurance or any pert thereof without waiving or affecting any option, lien, equity, or right under or by virtue of this f.lortyage, and the
tali amount c( each and every wch payment shall be 6nmediately due ar.d payable and shaii bear interest from the date thereof until paid at the rate of
nine per centurn per annum znd together with such interest shaii vc secured by the lien of Ih~s mortyagc.
4. To permis, commit or suffer no waste, impairment or deterioration of said property or any part thereof.
5. To pay ell and singular the cosh, charges and exprnl4st~inciuding a reasonable attorney's fee and costs of abstracts of title, incurred or paid at
any time by Bald MORTGAGEE, because or in the event of the failure on the part of the said h1CRTGAGOR to duly, promptly and fuay perto.•m, discharge
execute, effect, complete, comply wrth and abide by each and every the stipulations, agreements, cond~tiors, and covenants of said promissory note and this
mortgage any or either, a:~d said costs, charges and expenses, each and every, shall be immedietr!y due and payable; wh=•Iher or not there ba notice ~r
mend, anzmpt to collect or wit pending; and the full mnovnt of each and every such payment shall bear interest from the date thereof anti' paid at the
r.^,• of nine per sentunr per annum; and a.l said tests, charges and exprnsss incurred or paid, together wrth such interest, steal: be secured by the lien of this
mortgage.
6. That (a) in the even! of any breach of this h5ortgage or default on the part of the MOTGAGOR, or lbj in the event any of said Burns of money
herein referred to be not promptly and fully paid within th.rty (30) days`nCxt attar the same scvera!Fy become due and payable, without demand or notice,
or (c) in the event each and every the stipulations, agreements, cor.diticns and covenants of sa.d promissory note and tit:s m<rtgage any or archer are nol
'futy, promptly and fully performed, d.scharged, executed, effected, completed, complied with and abided 5y, then in either or any such oust; ti^ Bald ag-
g~egatr wm rnentio:.ed in said promissory note then ter^aining unpaid, '.vith interest accred, and ail moneys secured hereby, shaii becom<• due and:•pa~;~
ab:e Forthwith, or thereafter, at the option of Bard h10RTGAGEE, as fully and completely es if ell of the said Burns of money were originally st,pulated
to be paid on such day, anything ,n said promi5wry Wore or in this Mortgage to the contrary cotwithstanding; end thereupon or thereafter at the option of
said MORTGAGEE, without notice or demand, wit at law or in equity, thererore or thereafter begun, may be prosecuted as if alt n•,oneys secured hereby
had matured pnor to its insr cation.
7. That in the event that at the beginning of or at any time pending ar.y suit upon this Mortgage, or to forrc!ose it, or to reform it, or to enforce
payment of any claims hereunder, said A10RTGAGEE steer: apply to the Court having jurisdiction therrof for the appointment of a t:eceivcr, such Court shJ~l
forthwith appoint a receiver of said mertyayrd property all and singular, includ ng all and singu:ar the income, profits, issues and revenues from v: hatever
source denved, each and every of which, it beu`.g expmssly undrrsicod, is hereby mortgaged as if spec:f,wlly set forth and de•scribrd in the granting and
habendum clauses hereof, and such Rea-ever shaii have all the broad and effective functions and po.vers in anywise entrusted by a Court to a Receiver, a~.d
uch appoinimemr shJl! be made by such C art as an adrmtied equity and a mater of absolute right ro said h10RTGAGEE, and without reference to the
adequacy o~ inadequacy of the valve of the property mo:teeg~d or to the samncy or insolvency of said M.OR(GAGCR or the defendants, and that such
rents, profits, income, iswes al-:~ .~.~.rues siJll be applied by such Reorver accord.r,g tD iF.e lien or equity of said MORTGAGEE and the practise of such
Court-
8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply •,vith and abide by each and every the stipulations, agreements,
conditions and cove Wants rr said prunissory note and Iha mortgage set forth.
9. That En the event the o.vnership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGF.GOR, the
h10RTGAGEE, its successors and assiyns, may, without notice to the f,lORTG~~:R. deal with s~ich su:ccasor Or wae:sor in interest with reference to this
mortgage and tn' debt hereby secured in the same manner as with h5ortyagor without in any way vit,Ming Gr discharging the :lertg agors• liabiilty here-
under or uf•on the debt h~_reby secured No sJ!e of the premises hereby mortgaged and no forbearance on the part of the IAORiGAGEE or its successors
or assigns ar:d no exrenslon of the Kr,e for tho payment of the deLt hereby sccurrd given by the :'ORTGA.G` E o: its wccessors cr assiyns, shaii opurare
to release, discharge, rrcdify chanye or affect the orig~nal liabaity of the MORTGAGOR herein, either in who're or in part.
10- It is speclficoliy agreed that ti. e is of the css*'nie of this convect and that no waiver of ar.y obligation here under or of th_ obiiga7ion se-
cured hereby shall at any tune thereafter be t=old to be a w:;ivcr of the terms hereof or of iF,e iratru:vent secured herby.
11. In erld Wen to tn~ torege ng u.ontitly payments of p:inc, al and i~.N~~:~.. st rcq;:~~,red by if:.e rromss,~=y r.o', s~ u=ell hr-<~b{, mortgagor covenants
,,.rl agrees ro ; ay !.. mutgayee •.n:b tech n,or:thly p,y:r:eiit an ~Jd,:ianJl 5u n e 5 : r:,i!cd b; r .,;rtg ,g••r to tr e'};;a .< 1 .? of 'tic aft ~_:ai cost of the foilo,v_
rc r.
A A~i rc..l ;sropcrty taxes •es:cd Or a5S•`SSrd dCJJI'rat the above desvib_d real estate.
u P:_ u.ns on f,re ar:d ..indstcnn insurance as herein rc'qu~rec. to b? carved on the ur.prove~r,:?nrs s~tuure un tho ahrne drseibed premaes.
l Pmrnum+s on such r.crtg~ye gua=arty insurar,ee as rnort-,agae shall teem t:n:e to b~`c d_~:e ra to carry On tl••a loan sccurrd hereby.
%!err, t shJ~l train tl- to Gn~.e nett` ntcri r in wiAinc of the a~::punt dx-~ :::~,a -'•'e h~.•r,u::der .,nd s~.:cf: e., n sh;il th<•reu ~ t be due a~td
3,~... _ y g::yo g p::r,.., i,o.
p.t y. =r cn =tic ~f:~_ ciJt^ of t6c nr%t mer.ihly ptyn e•nt acd each successive r'~onth therrait:r until mortga.~,~< shJ:i nuY~fy r. x`r tyar r~r of a chn:y~? in 5;:ci?
a.~rou~a. Sv_h su`= s sh,,ll i;e ai 1- fed by erorty,•~rr to:,ard the payment of re,ii property taxes, era ~:once I-n-i c:uma, a::d n:crtgeu guaranty insurance
, ~ •,iJi:rS.
11J ':.I?1:.55 YiNtR;Of, the s.id l.':02TvA000 has hrrrun!o set his hard and seal the day :.nd year first afo-cstid.
S:grn and d vet the ~vtsence of: _~ / •
_ _ _ _ _ _ ~r~~-L~~-LL[ -~~~~+-- (Seal)
J t _
` -
~ ------ --- ----- -------~--------(Seal)
- - -- --- ---- -(Seal)
STATE OF FLGRIDA
_ ~ 55.
COi;NTY OF _ --_-- u_~-u. ';C' P 1
Before me personally appeared __-__~~.4~z'~.-?'_s ~%~ ~ 1C'~__-__-____ __-_ and
__.._-~;T`:P.r.Te ' 'l f_ ~~ ' )' ' ! f:j2 ----__ __ his wife, to me well known and known to me to be
the individuals described in and who executed the foregoing instrumen.tr, and acknowledged before me the. they executed the same for the purpcsrs
therein expressed. And the said ~7U~F?~ti1~.T'i8 ~• :Jj~l@Tl __ _ -
wife of the said -___-.- ~pbert 1 ~ ~~116T1 _ _____, upon a separate and private
exarnlnation by me taken separate and apart from her said husband, acknowledged to and before me tha+ she executed said instrument freely and volun-
tarily and without any compulsion, constraint, apprahens on, )rt fear of or from her said husband.
WITNESS my hand and official s~af this -~~ ~ __ _. y /
- Notary Pubic in and ~(]or the State of Florida at large
N,y Commis_ion expifQ~f2Ty ubl _, .;'.]tg O' t r" rl 11 l a:, _•
Return To: BOrxled bx Arneric~n 50rctvJ~o.,nf)f~v
first Follett: Savings 3 loan Assxiation
Of Fort P~erca
' fair FTiarse, Florida
S ~~~ ,,ltd
F ~~ A. G RECDRDE~ -
(r.' ~fficia~ ~~~c~rd 800K ~ • '• -
l962 NOV ~ Pit 2:42 - •
ROGER POITRAS, CIERK - •
S1. LUCIE COUNTY, FLORIDA -~ ' •
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