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. 3. TO PIdCB drlC~ COnilR~OUt;y kedp On !1~E~ u~~i'Uina3 r.inv Jr htrPa112r s!tveir On s,+~d 'anct .t ~.7 ..i~ ~r~„ian! a~~..i ~crsJ+~~;i~ cJVC•rvU uy Inif m0!ty.
egs: with sll premi~n:i theroan pa~d in fuU, fi:e ins~rance ~n th2 uwa! s!enderJ polity form, in a s:~:n approre~' b, ~h~• ~~10R~~.=+GE[, and windstoru,
inwrance in the uaual s~andar~# pol~cy form, i~ a aum approvnd by thr M02TGAGEE, in wch con,pany .or cempa~~es es thr MORTGAGEE ma~
direct; end atl fire and wlndstomi ins~ranca yol~ciea on eny of said buiidmgs, any intarest therein ar part thereof, in the ay9!8~31N surr~ atoresaid or
In •ateff thereof, ~hall contain the usual standard mortg~gee clause or such othe: clause as ihe Mortgagee mey rer~u:re, mal~ing thr ioss u~der sa~d poli•
t+ss, each and nvery, payab~e ro eaid MORTGAGEc as ~~s interesr may sppear, and each and every such po!~cy sl~all be promprty ase gned and dal~verrd ro
eny held by said lJ~ORTGAGEE ns further iecurity ro said mortgage debt, and, not ~ea~ than ten {10) days in advance of the expirat~un of eech policy, to dz•
` liver to iaid MORTGAGEE a renewal thereof, togethar with e receipt tor the prernium o( suth renewal; and there shall ba no fre or windsto~m insurana:
f placed on any of seid buildings, any interest theroin or part thereof, unless in ihe fo~m and wiih thr loss payable as aforesald; and in the avent any sum
of money betomes payable ~nder s~ch poticy or poGcies said MORTGAGEE shall have ihn option to receiva and app:y the sa~ie on account of thr indebted~
ness ~owred heroby or to pe~m~t sa~d MORTGAGORS to receivt and ~se it o~ any p,rt thercof tor o~h~:r p„~; os~s, ~•:;tt,c~t th~~~.~; ~v.:~Y~ ~7 or :~np:,~~
ing any equity, lien or right under or by vir~ue of this mo~tgage; and in the event said MORTGAGORS shal; `or any reason fai! to keep the eeid premiies so
~ insu~ed, or fail fo deliver prorrptly any of saia policies of insurance to taid MORTGAGEE, or f~il promptly to pay fuliy any prz:n~um the~efor or in a~~y
re~pect fail ro perform, discharge, execvte, effect, con,plere, comply with and abide by this covenant, or any parr hzreof, said MORSGAGEE may p~ace a~d
pay for s~ch insuranct or eny part fhereof without waiving ur affecting any option, lien, equity, or right under or by virtue of this Mortgage, and 1he
i full amount of each and evtry sucn payme~t shalt be irnmadiately d~e and pavable and shail bear interest from tha date thereoi ont~l poid at the rate ol
nine pe~ cenwm per annum and tu~ether with such inte~esr shali be s~~cured by the lien of this mortgage.
To permiL commit or suffer no waste, impairment o~ deterioration of said property or eny part thereof.
i 5. To pay all and singuler tha costs, chargee and expenses, inciuding a reasonnble ettorney's fee and costs of absrracts of tltle, incurred or pald at
~ eny time by said MORTGAG:E, because or in the event of the failure on the par~ of the saic+ MORTGAGOR to duly, promptiy and f~lly perform, dncharge,
~ execute, effect, complete, corr;ply wirh and ab:de by each and every the ~tipulanons, e3;eements, conditions, and covenenfs of sa~d prom+ssory note and fh~s
~ mortgage any or e~ther, and said costs, charges and expenses, each and every, shall be immediate~y d~e and pa~yabfe; whether or not there be nonce d~-
mand, attempt to cellect or suit perding; and the full amount of each and every such payment shall bear inierest from the date thereof ~ntii paid at the
! rare of nfne per centum per annu:n; and al; sald costs, charges and expensas incurred or paid, rog~ther wnh s~ch interest, shail 6e setured by ihe lien of thls
morfgage.
b. That (a) in the event of any breach of this ,1Aorrgage or default on the part of the MORTGAGOR, or (b) in thr event any of sa:d iums of money
herein referred to be no~ promptly and fu~ly paid wirhin thirty ~30) days next aiter Ihe same severatly become due and payable, witho~t demand or netice,
~ or (c) in the event each and tvery the stip~lations, agreements, conditions and tovenants of sa d prornlssory note and th.s mortgage any or e~ther are nat
~u!y, prompt:y and fuliy perform.d, d:scharged, exewted, effecred, comp!etad, complied w~th and a6ided `~y, then ~n either or any su:h event the sa~d ag~
gregate sum mentioned in said pro~nissory nore then rema.ning unpaid, with interest accrued, and all moneys secured hereby, ahall become due and pay
abie forthwith, or thereafter, at the option of said h10RTGAGEE, as fully and comp!e'ely as if alI of r're said sums of money were orig~natly st~p~~a~ed
to be pa~d on wch day, anything in sa d gromissory note or in this Mortaa_qe to the contrary notwi!hstar~ding; and thereupon or thereafrer at the aption of
said MORTGAGEE, witho~t not~ce er damand, suit at law or in equity, thereiore or thereafrer begun, may be prosewted as if all rnoneys secured hereby
nad matured pnor to its insti'utior,.
7. That in ti~e event that at the beginning of or at any tim2 pendinq any suit upon thi~ Mortgage, or t4 foreclo~e it, or to reform it, or t~ enfcrce
, payment of any claims hereunder, aaid MCRTGAGEE shalt apply to the to~rt having jurisd:t~~en thereo? for the appoi~ttment of a Receiver, such Court sheil
Forthwith appoint a receiver of said mortgaged property all and singviar, inciud.ng a{I and singular the ir.corna, prof~ts, issues and rever,~es from whatever
~ source daived, each and every of wh~ch, it being express~y understood, ~s hereby morigaged aa if spec~fically set forth and deic.ribed in the grant~ng and
` habendum clauses hereof, and such Receiver shail have ail ihe broad and effactive fur;t,ons and powers in anywise entruated by a Co~rt to a Receiver, a~,d
tuch appointment shali be made by such Court as an admitted equity and a matter of absoiute right to sa~d MORiGAGEE, and w~thovt reference to the
adeqvacy or inadequacy of the va~ue of the property mortgaged or to the so,vency or insoivency of sa~d MORiGAGOR o~ the defendants, and !hat such
renu, profits, income, issues and revanues shali be appiied by such Receiver accord;ng to the I~en or equity of said M0~2TGAGEE and the practica of such
Court.
8. Ta du!y, promptly and fully per',orm, d~s:harge, execu~^, effett, compiete, comN'y with and abide by each and every the stipulatior~s, agreements,
cond~t;ans and covenants ~n said promissory note and th:s morrg~ye srt forth.
9. 7hat in the evem the owr.ershlp of the mortgaged premises, or any part thereof, becomes vested in a person utFer than the M02TGAGOR, the
h10RTGAGEE, its successors and ass~gns, rr~ay, wisno~t ro?~ce te the :SSQRTGAOR, deai witf~ s~ch suaessor or sc,ccesso~ in ~nterest w~tn reference te this
mortgage and rhe deot hereby sewred in the same manner as with ".iortgagor witho~t in any .vay viharirg or d:scharging thc l~tcrt~ag~rs' tia6ili!y here-
~ ur,der or ~pon the debt hereby sec~~red. No sa;~ of ri,e Fre~.~ses hereby n,ortgaged acd no fe~bearance on the part of the ~.10RTGAGEE er its s~cce5sors
or assigns and no eatension of the ti:ne for the payment oi tne de6t hereby secvred given by the :AORTG%.GEE or its s~~ccessors or ass gns, al~zil ope:ate
ro re~ease, d~scharge, modify change or affect the orig~nai Gab,;~ry of the MORTGAGOR here~n, either in whole or in part.
10. It is spec~ticatiy agreed that time ~s of the essence of fh~s controct and that ro waiver of am~ obl~gat;on hereunder or of the ob~+gation se-
c~red her~by shali at any time thareafter be heid to be ~ waiver of the terrt,s hereof or of the instr~ment secwed he~6y.
11. In add tio, ro the forego n~ ~nonih!y }7dy:n=nt5 of p: ~nc pai and inreresf req,:~red by ~he ~~-roT: sscry nc~e s:.e;•ed h_•reoy. mortga~or covenanss
ard agrces to pay ro mcrtgagee with eatn monrhiy pa~r:~ent an add:r:onal su:n es~ :~'.~~ed by mortgegee to be equal ro 1. 12 of t;~e anoual cost of the foilow-
ing:
A-.411 reai property tax:s ienc~ or .~ssesseci ag?i~~st the above desu~b^d real es?a!e.
B-Pren: o-ns on fre ar.d w~ndstor~n ~nsurarce as he~e~n reqv r:d to b~= ca~r:ed cn ~~e m~.roveme~!s s;!vate on th~ abovc dcaaibed premises.
C-Prerniums on such mertg~ge guarar.ty ir.srrar.ce as rnortj~gee SF131 ?rr^ t me 'o .u deem fir To carry on the loan s^:ured hereby.
Mortgagee shaJ from time to ti~:e notify mc~tgagor ~n v:rir;ng of the a-cv~t du~ and payabie he~eundar and such surr, shail therc~por+ be e~e a.^.d
' Fayable on tne d~e da'e et the n~xt m,~nth:~ p;yT:nt a•~d e~c~ successivz ~-ontn thereafte~ urtil mcrtgsgee sha':; notity mort~a~cr of a change in ;~~:h
, amo~nt. 5u~h sums sF.a i be app'i~~d 'oy mortgag~e :o:.r.d ih.: payment of rea~ properiy tazes, insurance prern,v,r.s, a~,d rnort~age gu~ranty insurarce
~ premiums.
iN 'rV1TNESS WI-fEReQf, the sa~d h10RTGAGOR has F.ere~nto set h~s hand and s•_~i tne day a d year first a'ore ~ d. l
Sign Se nd delive i e pr lnce of: ~ 7
/ (Seal)
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~ ~ (See!)
~ ~ ~(Seal)
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~ STATE OF FIORIDA 1 4
~ CQUNIY OF Saint Lucie i~s~
Before me personally appeared ~~W~~~4I1 TQn81' and
~],~j~A .j__~~Q2~ his wife, to me wel; kncwn and kno~sin ta ma to be
tha individuais descrbPd in and who executed the foregoing instrument, end acknowledged before me that they executed the same for the purposes
therein expressed. _ And the ~~~d~_._.______~___ Thelma ~'~`T19~'
rvife of the sa;a _ _ Gr~d~ Wilson Tvner ~ppn a separate and privatQ
~ examtnat~or. by me taken separate and apart from her sa~d husband, ecknowiedged to and 'oeFo.e me tFat ehe exzcu!ed sa(d instrument freely and voiun-
tariiy and w~tho~t eny compu!sion, constra~rn, apprehens.on, fear of or f;om her said husband. ~
` W!TNE55 my hand and official seal this___ day of~~ Mg_..~_.__._ , A. D. 196
~ - =
J L..~ -e-~.~i
Notar,; Fub!ic in and for the State c+f Florida at large
' t.1y Comm~ssior exp~rz
•.getum To: . ~1et~ry F'~~" ~'d!e 0} F•'Oride at Lar~;~
P;1y ~c~r~ ;,^r, _.:~r~: ~13v. 3, i:o:
~ir~ .F~alr~~rtg~ b Loan Aesociafion E3orn'ed Ly~A;~~Cr: ~uret~ ~O. oi
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