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3. To plK. .nd con!lnvou.ly k.ep on lhe buildl~ IIow or M.""" Utua'. on uid lend .nd on .11 .qulpm-..I .nrl ~non.lly cov.red bf Ihl. morlg'
...., with .11 pt.miVf"N ,.....eon p41id 110 full. fir. ItuUl.nc. In the u.u.1 lIendArd policy form, In . sum .pplo....d by lhe MORTGAGEE, .nd wind,'orm
Insur.n<:. In lhe u.ual 'IInd.rd poli'Y form, In . 'uM .PP"QV<KI by the MbttTOAGEE, In 'IKh company or companl., .. lhe MORTGAGEE ",ay
dirK I; end .11 fir. ~nd wlnd.lOrm IOIur.nc. polkleot on .ny of tlld building,. .ny Int.....t :her.ln or pet1 lhereof, In lhe .~r.gal. lum .IOt.sald or
In exce.. thereof, .h.1I coni. In the v",al .,.ndard mQItlll9" cI.UM Ot .uch other e1.u.. .. the Mortg"9.. m.y req"'ir., m.klng Ih. 10.. v-w.1 said pol~
cI.., .och .nd .....ry. roay.!:I. to ,aid MORTGAGEE ., ;11 Inter..t m.y appear, .nd each .nd evary .uch policy .h.1I ~ promp,jy ...,gned .nd deliv...d 10
any held by uid MORTGAGEE ., furlher 'KVfIfy to ..Id mortgage debt, .nd, not !eM then len (10) daY' In adv.nce of Ihe upll.lion of each policy, to d.-
liv.r 10 said MORTGAGEE. ,.newal thareof, logelher with . r~lpl for the jlC'emlum of 'lKh r.n.w.11 .nd lher. .h.1I ~ no fir. or wind.lo,m In.ur."".
ploced on any of uid building., .ny in,.r..' ther.ln Of parI lhereof, vnl... In the form .nd wilh lhe Iou pay.bl. .. .for"ild; and In Ih. .venl any .v,'"
o! mon.y be<:une. pay.bl. vnd.r such polley Ot policl.' ,lid MORTGAGEE .hall hev. ,he option 10 reulv. .nd .pply lhe .am. on .ccounl of Ih. indlbled-
neu 'Kured her.by or 10 permit ,aid MORTGAGORS to rK.lv. .nd u.. It Of .ny perl Ihereof for olher purpo..., wirhoul rherd" wai.i,,~ or ""pair.
log .ny equity, li.n Ot ri9ht und.r Of by ...Irlue of .hl, rno<lgae-1 .nd In lhe ....ent tlid MORTGAGORS ,hall fOt .ny r..son f.il to ke3P Ihe soid pr.mi.e. 10
in.ur.d, or fail 10 deliver p,omplly .ny of .aid policl.' of In.ur.nc. 10 uid MORTGAGEE, or 't.il promplly 10 pay fully .ny premium therefor or in .ny
le.pe<1 fell '0 pe"orm, dilCh.rll., ."&cul., eff.ct, complel., comply wllh .nd .bid. by ,hi. coven.nl, oX .ny pori hereof, said MORTGAGEE may pl.ce ."d
p.y for .uch In.ur."". or .ny pltl IMreof wilhou. w.lvlng Of .ffectlng .ny oplion, lI.n, equity, or rlghl und.r Ot by vlrlu. of Ihi. Morlga\je, .nd Ihe
lull .,novnl 01 each .nd .v.ry .u<h p.ym.nl .h.1I ~ immedill.ly dve .nd pay.bl. .nd .h.1t beor lnler..1 from Ih. d.I. Ih.reol unril p.id 01 Ihe rare 01
nine per c.nluna per .nnum .nd logelher wilh .uch Inlere.' .hall be .<<ured by lhe Ii.n of Ihl. mortgag.,
4. To parmi!, commi! fN 'uff.t no w..I., Impalrmenl fN del.rior.lion of Slid pro~rty Of .ny pat1 thereof,
5. To p.y .11 .nd !Ingul.r Ihe COlli, ch.rg.. .nd ."pen.." Induding . reuonabl. .IIOtney'. fflit .nd co'" of .b.lrlct, of lill., Ir,curred or paid 01
.ny lime by .aid MORTGAGEE, becau.a or In Ih. .v.nl of the f.i1vr. on Ih. par' of lhe uld MOR\,QAGOR 10 duly, promplly .nd lully p,"orm, dllCha'ge,
..ecule, .ffecl, complet., comply with .nd abide by uch .nd .very Ih. .tip"l.tion" agreemenl., condilion., .nd cov~nantl 01 said promi..ory nole and thl'
mortg.g. Iny 01 .ilher, .nd uid co'", chergn .nd ."pen..., IIch .nd .very, ,hall ~ Immedi.'ely dv. .nd pay.ble; whelh.r or not the'e be nolice de-
mond, .IIempl 10 collecl or ,uil pending; .nd 1M full amounl of lOch .nd .....ry .u<h paymenl .h.1I bear inlere.1 from 'he dire lhe'eof until paid 01 Ihe
ra'e of nine per cenrum per .nnum; .nd .11 uid CO'", charg.. .nd .xpI",e. incurred or paid, log.Iher wilh .uch inle,..I, .h.1I be secured by Ihe lien of Ihi.
morlglg.,
6. Thai (.) in Ih. .v.nl of .ny breach of tlli. Morlgag. or d.l.ull on lhe part of ,he MOilTGAGOR, 01' (b) In Ih. .venl Iny c I Slid .um. of money
herein r.ferred 10 be nol promplly and fully p.id wilhln Ihirly (30) dlY' nexl .fre' the ..me .ever.lly became due .nd p.y.bl., withour demand or nolice,
or (c) in Ihe .v.nl elch .nd ....ely Ihe .tipul.lion., ogr..m.nll, condition. .nd cov.nanl. of uid prQmiuory not. .nd Ihi. morlgaga .ny or eirher Ofe nol
:luly, promplly .nd lully performed, dischorged, ."eculed, effecred, compleled, complied wilh .nd Ibided 't>y, Ihen in .irher or Iny luch evenl Ihe uid .g
gregale .um menlioned in Slid prominory nole Ihen ,.n,.ining unpaid, wi!h lnt.re'l .ccrued, .nd .11 mon.y. .ecvred hereby, .hall become due and pay,
able forthwilh, 0' Ihere.frer, .1 Ihe oplion of Slid MORTGAGEE, .. fully .nd complel,'y e. ;f .11 of the toid .um. of monef were or'ginlily lIipulared
10 be poid on .uch :lay, Inything In Slid promiuory nole or in Ihi. Mortg.ge 10 Ih. contr.ry nOlwith.l.nding; .nd Ih.reupon Cor thereafrer 01 the option of
laid MORTGAGEE, wilh:>ul notice or demond, luil .1 I.w 0' In equily, lher.for. or lhere.frer begun, m.y be pro.ecuted .. if .11 money. .ec"red hereby
had matured prior to itl inUitutioo.
, 7. ThaI in Ihe event Ihal 01 Ihe beginning of or .t .ny Iim. pending .ny sui' upon Ihi. Mortgage, or 10 loreclose iI, or 10 reform ir, or 10 enforc..
payment of any claims hereunder, .aid MORTGAGEE .hall apply 10 Ihe Covrl h....lng iuri,diction thereof for Ihe Ippo;"tment of . Receiver, .uch Courl Ihall
fOrlhwirh appoinl I receiver of soid morlgaged properly III .nd .Ingul.r, Including .11 .nd .ingular Ihe income, prof ill, inue. and reve"ue. from whalever
.ource d.rived, elch and .very 01 which, il being e"prellly understood, it hereby motlglged a. if .pecificllly sel 10rlh and de.cribed in rhe granring and
habe"dum c1au.el hereof, Ind .uch Rec.iver .hlll have .11 lhe broad .nd .f1ectiv. funclion. and powers in anywile entrU'led by a Courl ro a Receiver, and
luch appointmenl Ihall be mode by luch Courl It In Idmilled equily end. ",eller of .blolulo righl 10 uid MORTGAGEE, .nd Wilhol't reference ro Ihe
edequacy or in.dequocy of the value of the properly morlgaged or 10 Ihe ..:>!vency or in.olvency of soid MORTG~GOR or the defendanll, and rhal .uch
renll, profirl, income, illue. .nd ,.v.nu.. .h.1I ~ .pplied by .uch Receiver .ccording 10 Ihe lien or equily of uid MORTGAGEE and rhe prac'-ee of .uch
Court.
8, To duly, promplly .nd fully perform, discharg., execule, .f1ect, complete, comply with and ebide by elch .nd every Ihe tlipulalion., agreemenll,
condition. and COVl!'n~nt. in aaid prominory note and rhi. mortgage let forth.
9. ThaI i... Ihe evenl Ihe ownership of Ihe morlgaged premi..., or .ny p..r' Ihereof, become. v..ted in a p.rson oth.r Ihon Ihe MORTGAGOR, Ih.
MORTGAGEE, its Ivcceuor, and .nigna, may. without notice 10 th. AJi,OA:TGAOR, deal with luch Ivccellor or successor in interest with reference to thil
mortgage .nd the debt hereby Ie<:ured in the lame man",r 'Ill with Mortgagor without in any way vitiating or discharging the Morlgagor.' liability here-
under or upon Ihe debt hereby .~cured, No ule of Ihe pr.mi.e. hereby morlgaged Ind no forbo>orance on the po" 01 rhe I.'\ORTGAGEE or ill luceeuors
or auignl and no extension of the time fer the payment of the debt hereby aecured given by the MORTGAGEE or ill succeuor. or auigns, shall operate
10 releOle, discharge, modify change or affeCl tho original liability of th. MORTGAGOR herein, eilher in whole or in port.
10. It is specifically .greed that time il of the ellenco of this contract .nd that no waiver of an'( cbfigalion hereunder or of the obngation se-
cured hereby .hall or any tim. Iherealter be h.ld 10 bt; . waiver of Ih. I.rm. h."eof or of Ihe in."umenl .ecured herby.
11. In .lud.lion to the forego;ng monthly p.!Iyments of princ'pal and interes' required by Ihe prom;uory no1e St'cured hereby, mortgagor co'..enanls
and agrees to ~.)y to mortgagee with each l/lonthly payment an addtfional lum estl:nated by mo~tgagee to be equal 10 1,' J 2 of the an':Jal cost of the follo....-
ing:
A ~ All re..J1 properly taxes le'o"ed or ~S5C'Sscd against tl.~ abo....e de-scribed rer-I eltat&.
B Premiums on fire and windstorm insur .)nce al herein r~quired 10 be carried on the improvements si'uale on rhe t1oo....e described premises.
(.- Pre;lliums on such mortgage guaranty insurance al mortgllgee shall from time to 'ime deem fit to carryon the loan secured hereby.
Mort~~gec sht'!ll from lime 10 lime notify mor!gag~r in writing of the Amount due and p3y~b!e hereunder and such sum s~~il thereupon be due and
p3Y<'lb~e on the due d,He of 1he nexl mo.lthly payment ;r.d each lucce..sive month thereafler until morlg.lgee Ih~1l notify mortgagor of a change ;n such
,1':1Cunt Such sums. shail be a/plied by mortgagee toward the payment of real property taxes, insurance prern;uml, and rnorlg3ge gU;Hanty insurance
prcmiL'ms
hereunto .et hil hond and oeol the
d., :WbiiJfrt~(! ::::
_, (Seal)
(Seal)
IN
STATE OF FLORIDA
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hi. wife, 10 me welrlo.no"';'-~~ ~nown rO ~e:'o be
before me tho' Ihey execvitc! tli, ..mi'f6f 1~\P'Jtpo.p
')". ....
'-'-. ,; ;-~' -, ,. '.
~'<it {~'r~'t'.nd privar.
.he executed soid l~i(i"fl'Jf'I: !~e,ely and volun-
ss.
3t. Lu_~ie
8efore me personally appeared ;'1 i 11 iamB. Pet e r s on
Vp.T'gte 1.. PeteT'son
Ih. :ndivid'J.:' de.cribo>d in and who ."ecuted the foregoing inllrumenl, .nd .cknowledged
therein expreued, And 1M soid V Argl A L & Peter~on
wife of Ihe .aid Willi am R. Peterson
...minl:io" by me I. ken .eparale and aparl from her said ~.band, acknowledged lo.nd before
larily and without .ny compul.ion, Cor"Irainl, apprehensi~r fear of or from b~r id hu.band,
WITNESS my bond and "flicial ...1 thi. /'7' day of '
COUNTY OF
Po. 0, 19 6" --}
Return To;
First Fedual Savings & loan Au...xiation
Of FO'I Pierce,
;:0'" Pit'rcc, Florid5
7t~
Notory Public in .nd II", SIll. of Florida 01 Lorge
My Commillion expi~b'IJrY Public, S' Jle of FIQr'iJ Jt LJr~e
My CommSS'Ofl [Ap,res NO'I, 3, 1 %5
Bonded by Amencan Surety Co. ot H. Y.
11.11J3
~ J flLEl)' N~D RECORDED
L .OifjqaLRetonL_f!OOl\
1563 MAR /9 PM 3: 13
ROGER POITRAS CLERK _ ~"j/
Sf. LUCIE COU!/TY. f'LORIDA V
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