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3. To place and continuously keep on tM bu;ld~ngt now or hereafter -ituate dhT~l& ~}tl~srfd •O~ ~i) Ac~utpfne'T,t and personally covered by this mr,rrg.
age, with ell premiums thereon paid in full, firs Inwrsnca in the uwel starxferd policy form, In s sum approved by the MORTGAGEE: er.d windstorm
insuron;e In the vwal sNrrderd policy }on,r, In a su.n approved by the MORTGAGEE, In tech compsny or companies as tM MORTGAGEE may
direct; and all fire and windstorm insurance policies on sny of ssid buildirs0a, any interest therein or part thueof, in the aggregate sum aforesaid or
in excess thereof, shall contain the usual ttanderd mortgagee clavae or wch other clause as the %v5origegee may require, m,king the loss undo, tad poli-
cies, each er,d every, payable to said MORTGAGEE as ih lr,terost may appear, and tech and ovary such policy shall bo promptly eu:gned end delivered to
any held by ssid A50RTGAC,EE es further security to acid mortgage debt, and, not less than ten (10) days in advance of tl,a expiration of each polity, to de-
liver ro said MORTGAGEE a renewal thereof, together with a receipt for the premium of tuck renewal; and tf-crs shall bs no firs or windstorm insurance
placed on any of raid buildings, any interest th~rain nr, part thereof, vnlets in the form and with the loss payable as aforesaid; end in the event any sum
of money becomes payable under tuck policy or policiei raid MORTGAGEE shell have the opticn to rzceiva end apply the same on account of the indebted-
ness secured hereby or to permit said MORTGAGORS 10 receive end uu !t or any part thereof for ether purposes, withcut th veby waiving er nnpair-
ing any equity, lien or right order or by virtue of chit mortgage; and in the event said MORTGAGORS shell for any reason fail to keep the said premises so
insured, or fail to deliver promptly any of raid policies of insurance to ssid MORTGAGEE, or fail promptly to pay fully any premium therefor or in any
respect Fall to perform, dhchargs, axacuH, effect, complete, comply with and abide or this covenant, or any part hereof, said h10RTGAGEE may elect a,o
pay for ouch Inwron.e or any part tMreof without waiving or affecting any option, lien, equity, or right under or by virtue of this Mortgage, and the
full amour: of each and every tuck payment shall be immediately due and payable end shall bear Interest from fha date thereof until paid et the rats 01
nine per ce„cum per annum and together with such interest shell he secured by the lien of this mortgage.
4. 7o permit, commit ar suffer no waste, impairment a deterioration of said property or any part thereof.
5. To pay sIl and singular the costs, charges end expenses, including a reasonable attorney's fee and costs of abstracts of title, Incurred or paid a!
any time by raid MORTGAGEE, because or in the event of fire failure on the part of the tnid MORTGAGOR to duly, promptly and fully perform, discharge.
execute, effect, complete, Comply with end eb!de by each end every the stipulations, sflreements, conditions, and covenants of said promissory Hole and this
n,orrgage any or either, end raid torts, charges end oxpenars, each and every, shall be immediately due end payable; whether or not there be notice dr
mend, attempt to collect or suit pending] and fha full smourt of each and ovary such payment shall beer interest from the date thereof until paid at the
rote of nine psr centum per annum; end ell said coats, charges and expenses incurred or paid, together with such interest, shall be secured by the lien of this
mortgage.
6. That (e) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of raid sums of money
herein referred to be not promptly and fully oaid within thirty (30) days next afte• the same severally become due end payable, without demand or notice,
or (c) in rho event each end every the atipvlaticns. agreements, conditions and covenants of oaid promissory note and this mortgage any or either are net
Tuly, promptly and fully performed, discharged, executed, effetted, completed, complied with end abided 5y, then in either or any tuck event the said ag-
gregate cum mentioned in acid promissory note then remaining unpaid, with interest accrued, and ail moneys secured hereby, shall become due and pey-
ab!e fcrthwith, or thereafter, at the option of said MORTGAGEE, ea fui!y end comple!ely at If a(I of the said sums of money were originally stipulated
to br paid on such day, anything in said promissory note or in Chia Mortgage to fha contrary notwithstanding; and thereupon or thereafter at the option of
said MORTGAGEE, without notice or demand, Buis ai law or in equity, therefore or thereafter begun, may be prosecuted et if elf moneys secured hereby
had matured error to its institution.
7. Thar in the event that et the beginning of or of any time pending ary suit upon this Mortgage, or to foreclose it, or !o reform it, or to enforce
payment of any claims hereunder. said MORTGAGEE shall apply to the Court having jurisdiction thereof for the appointment of a Receiver, wch Court shall
Forthwith appoint a receiver of said mortgaged property ell and singular, including ail and singular the income, profits, issues and revenues from whatever
source derived, each and every of which, it being expressly understood, is hereby mortgaged as if specifically set forth end described in the granting and
habendv.n clauses hereof, and tuck Receiver shall have all the broad and effective functions and powers in anywise entrusted by a Court to a Receiver, and
such appointment shell fx made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, end without reference to the
adequacy or inadequacy of the value of the property mortgaged or to the solvency or insolvency of said MORTGAGOR or the defendants, and that such
rents, profits, income, issues and revenues shalt be applied by ouch Receiver according to the lien or equity of said MORTGAGEE and the practice of such
Court.
8. To duly, promptly end fully. perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, ogre.meets,
conditions and covenants in said promissory note and this mortgage tat forth.
9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the
MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such fuccessor or successor in interest with reference to this
mortgage and the debt hereby secured in the came manner as with Mortgagor without in any way vitiating or discharging the Mortgagors' liability hero-
undo: or upon the debt hereby secured. No safe of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its successors
or assigns anri no extension of the time for the payment o. the debt hereby secured given by the h10RTGAGEE or its successors or assigns, shall operate
to release, discharge, modify change or affect the original liability of the MORTGAGOR herein, either in whole or in part.
i0. It is specifically agreed that time is of the essence of this contract and Char no waiver of any obligation hereunder or of the obligation se-
cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby.
11. In aJdition to the foregoing rnonthly payments of print'pal and interest required by the promissory note secured hereby, mortgagor covenants
and agrees to ray to mortgagee with each rnonthly payment an additional sum estimated by mortgagee to be equal to 1;'12 of the annual cost of the follow-
ing:
P.--A!! ._aI rroperty .sxe. !e..cd _. _..__.ed _ _.... tf:a ~~o•:e d~sc.ibcd real c:._...
B-Premiums on fire and windstorm insurance as herein required to ksa carr'ed on the improvements situate on the above described premises.
C-Premiums on wch rr,ortgage guaranty inswai:ce as mortgagee shall from time to time deem fit to tarry en the loan secured hereby.
hlortgag_e shall from time to time notify mortgrgor in writing of the amount due and payable Hereunder and such sum shall thereupon be due and
Payable on the due dare of fha next monthly payment and each successive month thereafter until mortgag shall notify mortgagor of a change in such
amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance pre Toms, ood mortgage gu anty insurance
premiums. -~
ITV YJITNESS WFiER:OF, the said MORTGAGOR has'herevnto set his heed and seal the day and er f rat aforesai
S' 5 led and d livered rho p esence of:
r (Seal)
~ (Seal)
STATE OF FLORIDA ~ , ~ `~~.:.~;'` .
COUNTY OF St . Lucie ~~
) t e.~
Before me personally appeared - Tlowri :~ (`nh - r~r%•~~ f ••:~bnd
.'lrtne C9her~ hit wife, to me well kftawrt gad R}fosvr~to ii~tC be
the indi •iduels described In end who execu) ed the fgjo~gping Instrument, end eck.nowledged before me that they executed tfi•t ls~ga fcr tie au'eoses'
therein expressed. And the ssl AT1T1f3 1i01'1f3T1 _ `~~~ ~ ~:
wife of the said David Ci0 f3II ~ ~•~ w ra e ' • rivdM
-xaminetion by me taken separate and apart from her said husband, acknowledged to and before me that she executed said inurvrfwrixfree~yipt)d voiurr
eerily and without sny compuhion, constrain., eppreh~i r or fear of or from her y~~usband. `~ :;; t.` •.'•
WITNESS my hand end official tea! this_L day of Y'`et ,",.~ /j, D. 19 b~-r
,~ D --, t
J Notary Public in and foe the Slate of Florida at large
My Commission expireNOt2ry PubhG, State of Fior~dd dt L]. :;e
Return To: ~ _ ¢¢ (~ 9 My Commission Exp,res Nov. 3, 1965
first Federal Savings b loan Association .tc r" 'V - '~ '-+-~,~a~M~ SOtlded by AmeriCSn Safety CO. OI N. -„
Of Fort Pierce.
Fort Pierce, Florida
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IS61 h'GY 13 AM I l o i p ~ ~~,•>.\;,t; ~,~~~,, ~;.
POiTRAS
CLERK -~•'~- }r~'~`' '; •
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ST. LUCIE CCUN1fr FIORiDA .
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