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3. To place end continuov~ly keep cn t:~e bui:dir.gs r.ow or hereafter s~t~ate on ~a+d I~nd ~nd on ~II equip~nieM ~nd pa7pnally tov~rKl by thit moriy- (
~ge, with ~17 prem~,,..~s the~e~..~ paid in fulf, fire ins~rance ~n the usvaf sta~dard pol~cy fwm, in a sum spprov*d by the MORTGAGEE, ~nd windstorm
. insursnce in Ihe usuel ttsndard pol~cy fo~m, in a su~.~ appro~ed by the MORiGAGEE, in •uch cpmpany or tumpanies u th~ MORiGl~GEE may
direct; and all firo bnd windetarm insu•ance pol~cies on any of seid build:ngs, eny intareat therein or part th~rsof, in rhe aqyr.qar+ ium afa~s•id u
i~ txcns tfiereof, shatl conrarn !hs usua! s~a~~derd n,orrg,gzz douse or such othtr cla~ss ea the Mvrtflage~e m~y rsquirf, makinq tha lou undrr u~d poli-
tie~, each and s~ery, peyable to ~eid MORTGAGEE as ~ts int,,~f231 may appear, a~d sach and ~vary svch pol~cy rhall b~ p:omptly a~s:qned and d~livsrrd to
•ny htld by seid MORTGAGEE as further ae<urity to sa:d n:orrgaqe deb1, and, nor leu than ten (]0) dsys in advance of the ezpir~tion of each policy, to d~- ~
liver To said MORTGAGEE a renewal thereof, toge!her wiii~ a receipt for the premium of such renewal; and thor~ ahal! ba no f~re or windstorm insur~nca ~ ~
placed on any of said buildings, •ny interes~ therc~n or part thareof, ~mless ~n the form and with the tass pay~ble as aforsiaid; and in the w~M any tium .
of mo~ey become~ payab:; undrr such policy or poGcfea said MORTGAGEE shall have rhe opt~on ro recaive snd apply the ~ame on account of the indsbtcd- ( ±
nesa tecured hereby or ro permit said MORTGAGORS t~ receive and ~se it or any pa~t tF.e:eof for other purposes, w~thout iherecy waivi;sg or ~mpair-
ing any eq~~ty, iian ~r r~ght undcr or by virt~e of th~s mo:rgage; and in thr event sa;d MORTGAG4RS shall for •ny ieeson fail to keep the aeid prami~es so
insured, or fail to deliver promptly nny of said pal,cias of insurance to aaid MORTGAGEE, or fail promptly to pay tully any premium fherefo~ or ir. any
re~pect fail ta perform, discharge, execute, effed, corriplete, compty with and ab:de by rhii covenant, o~ eny part her~of, said MORTGAGEE mey place and ~
psy ?or such insurante or any part thereoF witho~~t waivin or effectin an o tion, lien, uit or ri ht under or b virtus of this A~1o~t a e, •nd tht ~
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full amount of each and every ,och paymem sha!I be imrned?ately due and payable and shall besr interest from th~ date thereof untii paid at t1u rate of
nina per centum per ennum and rogether wirh svch inrer~sr ;haii be s~rured by the lien of thii mnrtyege, ~
1. 7o permi~, comm;t or suffcr no wasie, impairment or deterloration of said propcrty or any part thereof.
5. To pay all end singular the costs, charges and expenses, including a reasoneble •ttorney's fee and cwta of ~bstract~ of title, incurr~ or paid st
any time by said MORTGAGEE, because or in rhe event of thz failure on the part of the said M~RTGAGOR to duly, promptly •nd fully perform, d+~charq~,
execute, e(fect, compl~te, tomply w,th and ab de by each and ~very the stipulat~ons, agreemems, condition~, snd cavanants of reid promisYOry note and thii ~
mortgage eny or either, and sa:d cosrs, charges and expenses, each and every, shal! be immediatety due and payable; whethlr or not there be notite dt
mand, attempt ro col(ect or suit pending; and the fu!t a~nount of each and every surh payment shall bear intere~t from the dats thereof until paid at th~
rate of nine per centum per annum; a,~d ai{ sa~d cosrs. charges and ex~enses inturred or paid, together with su<h interstt, thall be tacur~d by tha li~n of thlo i
mprfgage. +
b. Thaf (a) in the event of any b~each of this Mortgage or default on the part of the MOR7GAGdR, or (b) i~ the event sny of ss~d e~ms of money •
herein referred to be not prompt(y and fully paid wnhin th,rty j30? daya next atter ihe same severally becom• due end payabla, without dem~nd or notit~, #
or (c} ie the event each and every the stip~lations, agreemenn, co~d~tions and covenants of sa~d promissory note and thi~ morrqaye •ny or •ither ar~ na1
~uly, promptly and fvlly performed, d~scharged, executed, effected, completed, complied with and ~bided by, th~n in eithar or •ny wth ev~nt th~ aaid agr
gregate sum mentioned in said promissory note then ren,aining unpa~d, with interest aaruad, and all moneys secured. htreby, ~hati betome dw and pay~ ~
eble forthwith, or thereafter, at the op!ion of sa~d h10RTGAGEE, as fuliy ar~d complere~y ao if al~ of the said surrr of money wera oriflin~Uy atipul~ted
ro be pald on s~ch day, anything in sa.d prom~ssory ncte or in this Mortgage to the contrary not,aithst~ndiny; artd iher~upon or there~ft~t at the option of
said MORTGAGEE, without notice or uemand, suit a~ :av.• or in equity, therefore or thereafter beg~n, may b~ proseWl~d at if aU monry~ e~cured hereby
had matured pnor to its institution.
7. Tliat in the event that et the beginn~ng of or at any t~n:e pending any su~t upon thit Mortgaqe, or to f~oretlo~s ft, or to nform It, or to enfor~y
payment of any claims hereunder, said h50RTGAGEE sha'i a,~ply ro the Cours having ju~~sd;;tion thereof for th~ ~ppoi~finenf of s Rsteivfr, wch Couri ~htll
forthwith appoirt a receiver of ~ai~ mortgaged properiy ail and singular, includ:ng all and singular the incom~, profitf, is~u~t and r~vlnues f~om whet~v~r
~ eource derived, each and every o; wh:ch, it be~r.g express~y undersrood, is hereby mortgaged as if tpecifically set forth and dearibed tn the gr~ntin9 •nd
habendum dauses hereof, and such Receiver shalt have alt the broad and effectivz funcr~ons artd powers in anywiie entrwttd by • Court fp • Receiv~r, ~nd
~ such appointment shall be ma~e by such Court aa an admitted equity and a matter of absalute right to said MORTGAGEE, ~nd without nfennt~ to th~
' adequacy or inadeq~acy of the value of the property mortgaged or to the so',vency or insotvency of said MpRTGAGOR Or the defsnd~ntt, and th~t wth
F ren>s: p~ofits, income, issues and rever.ues sha~i be appiled by s~ch Receiver according to the lien or equity of aaid MORTGAGEE •nd the proetit~ of fuch
Court.
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To duly, prompHy and fully perform, ~ischarge, execute, effect, tomplete, comply with and abide by each •nd wery the ~tipulationa, ~qr~tm~nh,
conditions and covenants 7n sa+d promisso: y note and th;s mortgage set forth. '
9. 7hat in the event the ownership of the mortgaged premiszs, or any part thereof, becomei veat~d in a perwn other ihen 1F.e MORTGAGOR, th~
MORTGAGEE, its successofs and ass~gns, may, without nor~ce to the h10RTGAOR, deal with sucF sutcasaor or ~ute~sior in intere~t with r~ftr~ntt to thit
mort~age and the debt hereby se,ured in rhe same manner as with Mo~tgagor without in any way vitiatin9 cr diuh~rying the Mottqa9or~' liability h~r~- ~
under or upon the debt hereby secured. No sa!e of ti,e ~remfses he:eby rnorfgaged and no forbeeranee on the Fan of the MORTGAGEE or i» tueteisors
or assigns and no extension of the time for the caymer.f or rhe deb~ heret~y sec~~red given by the MORTGAGEE or it~ •uccessors er auipna, ihall opsrots
ro release, discharge, modify change or affect the e•lg~nal I~ab~i~ty of ~he MORTGAGOR herein, either in whole or in part.
i0. It is spec~iicaily aqreed that time is of the essen,e of this contract and that no weiver of •ny obligation herounder or af the oblip~tian ta-
c~red hereby shell ai any time thereafter be he:d to or a wal~er of the terms hereof or of the instrument secured htrby.
11. Ir. addnio? to the forego'r.9 ~„ontF.': ~,ay:n_n±s of p-i:-cpal and inreresr requ~red by the prom~ssory note secured hereby, mortpagor cownar.h
and agrezs to pay to n~ortgagee w1+.t~ each r,cn+h!y p~,~, c~v an ;dJ,~ronal sum es~;rt:ated by mortgagee to be equal to 1/12 of the annwl cost of the fo!low-
in9: ~ ~
A-All real rroperty taxes levied or as~ess_d dg~i':t uc aE~o•:e d^scrlh^_d real eslare.
8-Prem'r~ms on fire and winds~or~,~ ins~~a.,ce; ~s ~are:n requ;•ed to be ca:ried en rhe improverr.ents situate on the ebove de~cribed p?~mi~e~.
G-Premiums on such mortgage guaranty iesvra~„a as ;ncrtgag~e shail fr~m r me to time deem fit to carry on ihe loan ~esurad hereby.
Mortaagea shail from time ro t~me nc~:iy ~t•an~„_-~cr ;n v;~;i:,:y of ahe ;~.ou-,e d~e and payable hereundar an~ x~^.h surn sha!! thereupon be dw end
~ F3yabie on the duu date of the ncxt monrh:, pay~~~a:~r ar.d e7ch a~ccessive mon!h thereafter ur,til morigagee thall notify mortgagor of e chang~ in suth
~ an,ount. Such sums shall be app!ied by mortga~-:: to;~.ard ti:e c;arn;ent uf rea! property taxes, in:urance prem;ums, snd mortflage fluar~nty insurance
premiums.
IN ~Yi7p~ESS ~VHEREOF, the sa7d MORTGAGCR has hercu~^o ser h]s hard znd seal the dey end ar first afer~t~id.
~ Se,~fed ~nd delivered in e r sence of: 1
~ ~ 'L~"~'c~ S~~I) ~
~ ~ _ (5s~1}
~ (S~a I)
(Sea!)
~ , STATE OF fLOR1DA ~
CQUNTY OF S F31 ri L~(` 1~ . ~
Before me personally appeared ~ G60Y'~@ Edward Gray, a sin~le AC~Ult.~
~ I~is-wifr, to me well known and kn~x n to me to be
~ the individvals descri~,ed in and who executed the ioregoing instrument, and acknowiedged before me that A'ie~ eAecuted tha same for tha pvrposes
I therein expressed. A~d.liu.s~~d
; _ _,~ifo o~.tA~aaid _ , eperra-~eperafe srrd-ipri~refa
1 y iorL 6yly+e 1alc0a i~{W al~ aill~ ip: ri Se ~n- loer w i~I ~ rs~ew~ aK:~r»vrl ~ge~ ~O-rswt} L~ef Or~-r~v! ~4IMt"~e7csCetCd-s~it~ i~i~?ain~e~k ~klB~ ~~NIV+t
tar~~nd-wif~het,h e~ even~h9:s t~nsRefrtt,~epE.'~2henrhnt.~ er'fTtJR1TlR StRt'F1CS$al1d:
+~e ~YliNESS my hand ar.d offc~al sea! this__ _ day of A. D. 19~2~
1~ ~ ~
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Notary Pub!%c in and for the Stsfe of Florida tt larpe ~
~ F~~. AND RECORDED My Commii~Eon expirc~p;gry publ:C, State of ~'lorida at lar,~!
Retum To: • • ~
I~- 9 0 0 K ~'Y ~,omrn ss on E:x~~:res Rlav.. 1:;55
fira' federal Savings & toan Association Bonded by An;encan,SU~e,~jf~ i;j}'.'pt ;t, Y_
Of Fort PPrce. ~ ,.t ` ,.i. Ui~
~ fort Piarce, P!dtide , ~a
~ ~ '65 JUl I PM 3:~ 9
, '`r ~ s'~t.-~~ 3~, : t-I f'
• v- , • _i:1a~: ;j -•-a.~ G>
~ _ J ~ . - ROGER ~G17RAS.~~LERK . ~ ~ t,~ .
~ - >-c • - ~ - ST. LiJCIE COUNTY, ~
- ; . ' F~ORIDA ~
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