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9. To place and continvoutly keep on the bvlldinga nuw or hereafter situate on said land and c+s all equipment end porsonally coveri,d by this mortg-
age, with all premiums thereon paid in full, fire irourance is the uswl atarxfard policy form, In a sum approved by the h'~RTGAGEE, end wind~'xm
insurance in rho usual standard pc';cy town, in a sum approved by she MORTGAGEE, in such company or c~rnpaniw as the MORTGAGEE may ,
direcq and all Piro and windstorm Insurance policies on any of said lwifd~rsg a, any Interosl the»in or pert Thereof, In the aggregate sum aforesaid nr
in extras thereof, shall contain the usual standard mortgagee clause or wch other clause as the Mo;tgagea may require, making the lou ur,dar sa:d poli-
cies, oath and every, payable to said MORTGAGEE as its interest may appear, and each and wary wch polity shalt 6n promptly ats.gned and delivered to
any hzld by ssid MORTGAGEE ss further security to acid mortgago debt, and, not less than tan (10) days in advance of the expiration of each policy, to dr
-liver to said MGRTGAGEE a rrnenJal thereof, together with a receipt for the premium of wch renewal; end chore shall be no fire pr windNorm insurance
- placed on any of laid buildings, any interest therein or part thereof, unless in the form and with the loss payable at aforesaid; and In the event any sum
of money becomes payable under wch policy or pcliclaa said MORTGAGEE shell have the option to receive and apply the tame on amount of the iruiebted-
ness secured hereby or to permit laid MORTGAGORS !o receive and use it or any part thceof -for other purposes, without thereby waiving or unpair-
ing any equity, lion or right under or by virtue of this mortgage; and In the event said MORTGAGORS shall For any reason fail to keep the said premises so
insured, or foil to deliver prompt;y any of said policies of insurance to said MGRTGAGEE, o• fail promptly to pay fully •ny premium therefor o: in any
respect fail t!* perform, d;uharga, execute, effect, complete, comply wish and abide by this covenant, a any pert hercoF, said MORTGAGEE may placz a ~d
pay fcr such inwranu or any part thereof without waiving or affecting any option, lien, equity, or right under or by virtue of this Mortgage, and the
full amount of each and ovary. such payment shell be immediately due and asyeble and ahe!I bear interest from the dots thertof until paid al the rase of
nine per centum per annum and together with such interest shall be secured by the lien of this mortgage.
I. To permit, commit or auffsr no waste, impairment a deterioration of told property or any part thereof,
5. To pay all and singular the costs, charger and expenses, including s reasonable attorney's. fee end coats of abstreds of title, Incurred or paid et
any time by said MORTGAGEE, because or i:~ the event of the fa%ture on the part of the said MORTGAGOR to duly, promptly end fully perform, discharge,
execute, Fffect, tom Rlete, comply with end abide by each end every the stipulations, sgresmunts, conditions, and covenants of acid promissory note and chit
mortgage any or either, and said costs, charges and expenaea, each end every, shall be immediately due and payable; whether or nor there be notice do-
rnand, attempt to collect or suit pending; and the full amount of oath and every such payment shall boar interest from the date cheroot until paid at the
riw of Hint per cenwm pot annum; and all said custs, charges and expenata incurred of paid, together with wch interest, shall ba acured by the lien of this
mortgage.
6. That (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of laid sums of money
herein referred to be not promptly end fully paid within th+rty (30) days next after the tame severally befor.._ due and payable, without demand or notice,
or (c) in the event each and every the atipuletio,ts, agreements, :onditions and covanantr of raid promissory note and thin moitgage any or either are not
fuly, promptly end fully performed.. discharged, executed, effected, completed, complied with and abided by, then in either or env wch event the aid ag-
gregete sum mentioned In Laid promissory note than remaining unpaid, wish interest accrued, and all moneys secured hereby, shall become rave and pay
able forthwith, or thereafter, et the option of ssid MORTGAGEE, as fully and completely ar if all 01 the said sums of money were orrginaily stipulated
to be paid on such day, anything in laid promissory Hula or in thin Mortgage to the contrary notwithstanding; and thereupon or thereafter at the option of
said MORTGAGEE, without notice or demand, cult at law• or In equity, therefore or thereafter begun, may ba prosecuted as if all moneys secured hereby
had matured pnor to ih inttitution.
7. That in the evtnt that at the beginning of or at any time pending any suit upon this Mortgage, or to foreclose it, or to reform it, or to enforce
payment of any claims hereunder, said d10RTGAGEE shall apply to the Court having jurisdiction thereof for the appointment of s Receiver, ouch Court shall
Forshwith appoint a receiver of said mortgaged property all end singular, Including all end singular the income, profits, issues and revenues from whatever
source derived, each end every of which, it being expressly understood, is hereby mortgaged es if rpecif~cally set forth and described in the granting and
habendum clavaet hereof, and such Receiver shall have ell the broad and effective functions and powers in anywise entrusted by a Court to a Receiver, and
such eppointmen± shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the
adequacy or inadequacy of the valve of the property mortgaged or to the solvency or insolvency of raid MORTGAGOR M the defendants; and that such
rents, profits, income, issues and revenues shall ba applied by such Receiver according to the Ilan ar equity of raid MORTGAGEE and the practice of such
Court.
8. To duly, promptly end fully perform, discharge, exocute, effect, complete, comply with end abide by each end every The stipulations, agreements,
conditions and covenants in said promissory note end thin mortgage set forth.
9. That in the event the ownership of the mortgegod premises, or any part thereof, becomes vented in a person other than the MORTGAGOR, the
h50RTGAGEE, its succeuen and assigns, may, without notir_ to the MORTGAOR, deal with such succesaor or successor in interest with reference to this
mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or discharging She Mortgegon' liability Kerr
under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its successors
or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or assigns, shall operate
to release, discharge, modify change or affect the original liability o. the MORTGAGOR herein, either in whole or in pert.
10. It is apecifical}y agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligatan ar
cured hereby shall at any time thereafter be held to ba a waiver of the terms hereof or of the instrument secured herby.
11 In addition to the foregoing monthly payments of print'pal end interest required by the promissory note aecvred hereby, mortgagor covenants
and agrees to pay to mortgagee with each monthly payment an additional sum estimated by mortgagee to be equal to 1 % 12 of the annual cost of the follow-
ing:
A-All real property taxes levied or assesster against the above described real estate.
B-Pr.n•iums on fire and windstorm insurance r;s herein required to be carried on the improvements aituata on the above described premises.
C-Premiums on such mortgage guaranty insurance as mortgagee shell from time to time deem fit to carry on the loon secured hereby.
Mortgagee shall from time to rime notify mortgagor in writing of the amov::t due end payable hereunder and such sum shall thereupon be due end
payable on the due date of the next monthly payment end each successive month thereafter until mortgagee shall notify mortgagor of a change in such
arnovnt. Such sums shall be applied by mortgagee toward the payment of real property taxer, :nsurence pre.niums, and mortgage guaranty insurance
premiums.
IN lITNESS WHE ,the said MORTGAGOR has hereunto set his nand and seal the day and year first aforesaid.
ed, e d std d Ivered in the p :once of: * _
O `-~,~ya,, Seel;
rSaalJ
rSeal)
TSeall
STATE OF FLORIDA
COUNTY OF
St. Lucie
B f r ma rsonally appeared
Dorothy S. Holmes, a >~ridow __.,,~,
e o e pe - --
isia-wiFe, to me well known and known to me to be
.the individual' desuibed in and who executed the foregoing Instrument, and acknuwleuyed before rna thav.sMay executed the acme for the purposes
therein expressed. trttrd ciao-reHf
•htilyaw~•wrtbcut ,
WITNESS my hand end offic:el ua! this ~~~~ -day of NOV Ia d. D. 19 ~
t
otery Public In end for the State of Florida et largo
y Commission expires:
Return To, '
First Federal Savir~ga ~ loan Aswc?ation /~cc ((~~ AWiery PT(aliC, State of Fhrfda at Large
,,gt,rrorr Pierce. l~.~LJ~J ~Y Cortirntss;on Expires April 24, 1965
..•
`, " EDr~ ~i~~+sa+`Florida
i' <% .
• .• ,.~~8tlridesl,~Amencan Surety Co. of N. Y.
:: ,.r~ ,
F~s~'CD AND RECD QE~;~.:• ~~-`,:,~~.',~~ .r,.•b~"=z~
~9~~ Nov 2s Px ~~~~ ~> ` ~ (~~: • ',~; : ~ f.
ROGER PCITR ~~ ~ -
~j. LUCIF COUNTl, Fl01ZtD~~;~;•...:. _ ~ ; ,-'`_
,i'r ,err....
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