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3, To pllCe and conllnVO<J.ly k..? on lhe bYlIdlOQl now or hetea~er Iltuale on Hid lend and on all equlpm.nl ~nd ~rlOnally covered by Ihi. mOllg'
aga. wilh all Ffltmlvm. lher~ paid In full. flra Intutance In lhe ",,,,al lIaoo.rd policy form. In a .um app<ov.-:l by Ih. MORTGAGEE. and wind"orm
In.urance In lhe OIual .Ianct.,d policy form. In a 'Vm applo"'" by the MORTGAGEE. In .uc;h company or com~nl.. a. lhe MORTGAGEE may
direct; end all fir. ^nd winda)orm Inwr.nce pollcla. on any of Hid bYildir'V.. eny Intar"I lher.ln or ~rt Ih.reof. In Ih. oggregote .vm afOleuid or
In exc... Ihereof. wll conlaln lhe OIval 'Iandard morlgag.. clause Of .uc;h olher cia..... H lhe Morlgagn ~y requir.. making lhe Ion vnder u,d poli-
ci... uch and ev.ry. ~yable 10 uld MORTGAGEE.. lit Inl.ra.I (NY aPPHr. and each and ....ry .vch poiley .hall be promptly ".>gnrd ond delivered to
any hald by uid MORTGAGEE a. furlher HCurlty 10 Hid mortgage debl. and. nol ..... lhen Ian (Ie) day. In oc/vanc. of lhe axpiralion of uch policy. 10 de,
liver to uid MORTGAGEE a renewal lher<Klf. logelher wilh a rlXelpl for the p,.mlum of wen renowall and thera .hall be no fire or windltorm in.vrance
ptac~ on any of Hid bYilding.. any Inlera.I Iharein Of ~rt Ihareof. unla.. In lhe form and with lhe lOll payable 01 aforeuid; and in lhe avenl ony .vm
of money becomea payabla und.r .vch policy or policle. uid MORTGAGEE .hall hav. lhe oplion 10 receive and apply Ihe .ame on accovnl of Ihe indebted,
nell .ec:ured her.by or 10 ""rmil .aid MORTGAGORS to recel"e and 11M 'I or any port Ihereof for other pvrpo.e., withoul thereb( waiving or "",H>"
Ing any equity. lien or righl vnder or by vlrt~ of Ihl. mortgagel and In lhe evenl wid MORTGAGORS .h.1I for .ny ruson foil 10 keep Ihe uid premi... '0
in.ured. or foil )0 d.liver promptly any of ..id policle. 01 In.urance 10 uid MORTGAGEE. or fall promplly to p.y fully any premivm therefor or in on1
re.pecl fall to ~rform. di.charge. execul.. effecl. complele. comply wilh and abide by Ihi. covan.nl. or .ny IH'rl hereof, uid MORTGAGEE may place and
pay for .vch lruuranc. or any parI lhereof wilhoul waiving Of affiKtl"9 any option. lien. equity. or righl under or by virlue of Ihi. NOlrgoge, and Ih.
full amounl of each and ev.ry .uch paymenl .hall be in.mediately due and ~y.ble and .hall bear Inlere.' from lhe dote Ihereof vntil paid 01 the role of
nine per cenlum ~r annum and logelher with .uch Inlere.1 .hall be .ecur.d by Ihe lien of IRI. morlgage,
~, To ~rmit. commll or .uffar no WOlle. Im~lrmenl or delerlorallon of wid property or any ~r' Ihareof,
S. To p,y all and .Ingular I"" Cosl.. char;" and .x~"'e.. Including a reuonable a"Otney'. fee a-nd Co.I, of abltractl of lille. Incurrad or paid II
.ny lime by laid MORTGAGEE. becau.. or h I"" evenl of Ihe failura on Ihe par' of I"" uld MORTGAGOIl to duly. promptly and fvlly perform. d'scharge
execute. effecI. complela. comply w,Ih and abide by eoch and every lhe .tlpulalion.. agreemen". condilion.. and covenanl. of laid promillory nole and ,hi.
mo<lgoge any or eilher. and uid COli.. charga. and aX~f\M'. ..ch and every. ....11 be Immedialaly due ar d payobl.; whethar or nol Ihore I>> nOl'ce de-
mand, .lIempl 10 collecl or .vil ~nding; and lhe full amounl of each and every .uch paymenl .hall bear inter.II from lhe dale lhereof until p.id ot Ihe
rale of nine per cenlvm per onnvm; and all uid CO".. chorge. and experuea Incurred Of ~Id. logelher ...ilh .uch Inlere.I, .holl be ""vred by Ihe lien of Ihi.
mor)gage.
6. Th.1 (0) In the event of any breach of Ihl. Morlgage or default on ihe ~r' of lhe MORTGAGOR. or (b) in Ihe evenl any of uid lum. of money
herein referred 10 be nol promplly end fully pl<ld within Ihirly (30) daY' nexl aher Iha .a..... levarally become due .nd IH'yable. wlthoul dem.nd or notice,
or (<) In lhe even' each and every Ihe IIipulalion.. agreamenl.. condition. and covenanl. of wid pro.-ninory not. and Ihi. morlgage .ny or eilher ore not
1ul)'. promplly and fully ~rfOtmed. d'scharged. executed. effecled. complel~. complied wilh and .bided \;ly, I""n in eilher or any .uch evenl I"" u,d .g,
gregoto lum menlion~ in .ald prominory note I""n remaining unpaid. wilh lnlere.I accru~. and all money. .ecured hereby. .hall becc:ne dve and p.y,
able forthwilh. or lhereaher. al 'he oplion of uid MORTGAGEE. a. fvlly ond complalely .. If all of Ihe uid .um. of money were originally IIipvloted
10 be paid on .uch day. anything In laid promlllory nole or In ,hi. Mortgage to Ih. conlrary notwilhllonding; and '''''r.upon or Ihereaher II rhe option of
uid MORTGAGEE. wilhoul nolic. or <l.mand. .ult al law or In eqvity. lherafore or Ihereaher begun. m.y be prosecuted a. il all money. .ecured hereby
h.d malured proor 10 il. IlUlilulion,
7. That in lhe evenl Ihal .1 Ihe beginning of or .1 any lime ~nding any .uil upon Ihl. Mortgaoa. 01 10 foreclosa It, or to reform it. or 10 enforce
paymenl 01 .ny claim. hereu'nder. uid MORTGAGEE .hall apply 10 Ihe Court having jurildiction Iher.of lor Ihe appoinlment :.f a Receiver. luch Covrl .hall
forlhwilh appoinl a receiver of .aid morlgaged property all and .Ingular. Includ:ng all and lingvlar Ihe Incoma. profil', Inue. .nd revenvel from wh"ever
IOvrce derived. oach and every of which. il being ."pr.-.ly understood, it hereby morlg'g~ 01 il .pecifically .el forth .nd dOlcribed in lhe granting and
habendum c1ou.e. hereof. ond ."ch Receiver .hall hIve all Ihe broad .nd affeclive funclion. and powers In .nywile enlrvlled by a Courl to e Receiver. ond
.vch .ppoinlmenl Ihall be m.de by .uch Courl a. an edmllled equity and a mailer of absolute righl l<. uid MORTGAGEE. ond withovI reference 10 the
.dequocy or In.dequacy of the value 01 I:... prop.rty motlgaged or 10 lhe IOlv~ncy or inlolvency of uid MORTGAGOR or Ihe defendanll. and Ih.1 .vch
ren". profitl. income. In vel .nd rev.nuII .hall be appli~ by .uch Raceiver .ccording 10 lhe lien or eqvily of uid MORTGAGEE and Ihe proclice of Ivch
Court ,
8. To duly. promptly .'ld fvlly ~rforM. dil<:herl;e. a"ecula, effect. complele. comply with anci abide by aach and .very lhe IIipul.liona. agreement.,
conditionl .nd coven.nll in laid promillory nole and Ihi. morlg.ge .el forlh,
9. ThaI in Ihe evenl Ihe ownenhip of lhe MOrtgaged p<emi.aa. or any parI thereof. berom,.. ve,'ed in a perlOn olher than Ihe MORTGAGOR, Ihe
MORTGAGEE. ill .uccenon and .ulgna, m.y. wlthouI nOlice to Ihe MORTGAOR. deal wilh .uch 'vccellor or .vccenor in inlere.1 with reference to thi.
morlgoge .nd Ihe deb! he'eby .ecured In Ihe lame manner II wilh Mmlg.gor wilhoul In any way vltialing or dil<:harging Ih.. Mortgagon' liobilily he,a-
under 01 upon the debt hereby lKured. No ula of tha premilel hereby mortgoged and no forbeoronca on Iha parI of Ihe MORTGAGEE or it. Iv(CellO"
or .uig". and no exlen.ion 01 lhe time for lhe p.ymenl of Ihe debl hereby leCured given by lhe MORTGAGEE Or ill ,vccenorl or ...i;1n., Ihall operate
to roleue. discharge. modify ch.nge or .ffecl t"" origin.1 liobilily of Iha MORTGAGOR herein. .ilher in whole or In pOrI.
10. It i. lpecifically .greed Ihal lime I. 01 Iha e....nce 01 Ihi. conlrecl ond Ih.I nc w.lver of any obligolion hereunder or of Ihe oblig.tion Ie-
cured hereby Ih.1I .1 .ny lima Ihereafter be held to be a w.iver of Ihe lerm. hereof or of lhe in.lrumenl lKured herby.
11. In add,tion 10 Ihe forego:n9 monlhly p'yments 01 princ'pol .nd intere'l required by Ihe prominory note .ecvred hereby, morlgagor covenanl.
and 'greel 10 pay 10 mortgagee with each monthly payment on .ddition.1 .um el1imeled by mortgagee 10 be eqvol to 1;' 12 of Ihe annvol coli of the follow-
ing:
A-All real property laxe. I~vied or au~..ed .gainll Ihe .I,ove described real ~llate.
B-Premiums on fire and windstorm inluf.rh:e 8' herein required to be clcrled on the improvements situ.te on the above describ.ed premises.
C-Premivms on .uch morlgage guaranly in.urance II morlg.gee ,hall from lime 10 lime deem fit fo carryon Ihe loon .""ured h~reby,
Mortgagee .hall from time 10 lime notify mortgagor in writing 01 lhe .mounl due .nd payable hereunder and svch svm .1,.11 Iher~vpon be due o~d
payable on the dve dole of Ihe nexl monthly ~ymenl .nd each ,v",uiva month Ihereaher unlil morlgagee shall nOlify mortgagor of a change in 'uch
amount. Such sums thail be applied by mortgagee toward the payment of real property !Ixe., insurance premiums, Inn mortgage guaranty insurance
premiums_
IN WitNESS WHEREOf. Ihe uid MORTGAGOR h.. hereunlo U,I hi. hand .nd .eal
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(Se.I)
(Se.I)
(Sea!)
(Sf 0 i)
STATE OF flORIDA
Lucie .~ ss.
Joseph w. P~~rls7
~
COUNTY 0~
St.
Salore m. person.lly ap~"ed
wldow8v
8
~ to me we!! kn?wn and known 10 me to be
the Individu.l. da.<:tibed In .nd who executed lhe foragol~ Inslruman'. and ad<nowl":g~ before me lhal lhey e7ecul~ lhe 11m. for Ihe purpos..
lhereln exprelsed, ~
Relurn TQl
First Fader. I S.ving. & lo.n Anoei.tion
Of Fort Pierce.
ForI Pierce, Florid.
NoI,ry Public In and for lhe SIale 01
My Commiulon expire..
Notlry Nl.c. State or Rorida at hfQe
My Commission Expires Mm~ 10, 1965
FILED AND RECORDEO Ioo>>d Iy A".n<l" r;to & '''"'''1 Co,
ItLOf&W-PN.M4- BOOK
1963 HAR 18 PM \: 2\
RO G ER PO ITRAS. CLERK
ST. LUCIE COUNTY;eO'~
:: .
114062
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