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To plaa ard oonNnuaaly kNp on tM bulldinpi now w MnahN dtuan on s~id land v~d on dl ~quiipnwM a+d p~rsenatly cov~td by this mort{T
p~. with ~II phmiums iMr~en paid in fvll, fln lnsur~nc~ in ths wwl tt~nd~rd policy form, in ~ tum app~o~we! by th~ MORTGAGEE. ~nd wle~torm
knuroncs in tM uwal a+ndwd pel~e~r form. N+ • svm approwd by tM MORTGAGEE, M such ccmP+*Y or canpanl~a a~ JMORTGAC~E may
dl~eq ~nd ~11 ~ierr a+d wMd~~orm imw~na policir~ on My of wkl buildin~s ae~y ir~hn~t Mu.~M or prrt tMrwf. i~ tM pphpat~ w~+ ~foreaid w
In ueaa fA~nof. ~hali contaM thr ~»wl sta~d~rd morrp~e cl~wo a fvci+ otl~ clavw a N+s MvrtqaqM reNY ~'~4~;n, rrwkinq ~he lou uncl~r ~aid po14
q~s. Nch w~d ~wry. pNY~bl~ b aid MORTGAGEE n ib int?r~st mry ~pp~e?, and ~ac1+ snd ~very tixh poliry fhall b~ promptiy us:qMd a~d wlivrr~d ro
,~ny iwld by wW MORTGAGEE aa furrMr Ncarrity ~o Hid mortqaQ~ d~b1, ~nd, rat Iw ~fw~ ten {10) days In advsnc~ of tix axpirstion af each policy, to dr
hwr ta srid MORIGAGEE • r~ww~l tMho}, tc~tMr with • rxeipt for tM prxnium of such nnrwd; ~nrl tMn ~hali be no fin or wind~torm Ih~ur~nc~
pl~ad en ary of ~W buildirpf ~ny fMenst tMr~i~ w part tha~aof, unl~ss in tM farm and w+th the lass p~y+bl~ as afortaaid; and in tM ewnt ~ny wm
,pi meMr b~cwr~ psrabb und~r wth pdicy or poiiti~s said MORTGAGEE ihall Mw the option to r~ceive and sppiy tha tame o~ accov~t nf the indebted~
n~s s~tw~d h~r~by w to pamit Nid MORTGAGORS to reeeiw and usr k or ~ny parf thereof fo? other purposas, wilhout thereb~ weiviny or impair-
inp sny ~quiryr, I~n or riQht uneMr or by virtw of this monp~ps; and in th~ ~vant uid MORTGAGORS ~}+all fa ~ny nason fail to keep the said premisei so
M~wrtd, w f~il lo deliva promptly ~ny of said politi~et of inivranq to said MORTGAGEE, a fail pramQtly to p~y fully any premium therefo? w in any
hsp~ct f~il lo pKiorm, diuharqa, uc~tut~, efkct, compl~ta, tompiy with and abid~ by this oovenant, or ~ny part hKwf, said MORTGAGEE may p~aca and
paY for wd~ irawrantt or iny p~rt tlrnof without waivinp or aff~ctinp any option, litn. ~quity, or ri9ht w~d~r or by virh» of thi~ AAortyap~. anr! ths
fu11 a~t~o~x?t of Mth ~nd evKy such p~ym~nt shall b~ im~mly dw and p~yabl~ ~nd shaU b~ar ir+t~rast from tM date thereof until paid at tFn rat~ oi
nin~ pw pntvm p~r ~nnum and toyether with wch interest thall be setvred by tM liin of thi~ mortqaqt.
To p~mdt, aommlt w wfhr no wast~, imp~irmsnt o~ d~»r'ar~tion of aid property or +ny puf thereof.
5. To pay aU ~nd thpular tiw corts, st~e~rye~ ar+d exp~nsea, includinq a rwson~ble attomey's fee and cosri of ~bsrracts of title, irrcvned or patd at
~y tln~r by said MORTGAGEE, b~c~~ar w 1n tM ~vant of th~e failure orv tM part of ths s~id MORiGAGOR ro duly, prornptly ~nd ful~y psrfarm, di~cfi~rq~,
ex~tut~, effiM, tompkt~, tomply with ~nd ~b;d~ by each and ev~ry the stipulations, aqreem~n», conditions, ~nd cov+~s~n of said promissory note and thia
mort~ps any a~itMr, and ~aid co~p, charp~s and expsruea, ~ach and ~wry, ~h+ll be imm~dietsly due and paysble; whether or not there be notice da
mM+d, athmpt to calloct or wtt p~ndinpp ~nd tM full amount of each and every tuth payment shall bear int~rott from the date thereof until paid at the
r~t~ of n1M per ctmum per annum; and ~II tsid cotts, cherpss rnd cxpensr» ir+turnd w paid, taqethe~ with t+xh in~trht, sMll be setured by th~ li~~ of thu
d. TMt i~ th~ ewnt of any bre+ch of this Mortgap~ o~ de3eult o~ the part of the MORTGAGOR, or (b) in tM ~vant ~ny of wid sums of money
h~rNn r~f~rrrd to b~ not promptly and fully paid within thirty (30) days next after the same several~y becomo due and p~yable, without damand o~ notice,
or (ca In tM ~wM ~ach ~nd ~wry tM stipulationt, sgreement~, conditions and tovrn~ntr of said promi:wry reote and th~s moriqsge any w sithar •re not
~ty, p?emptly ~nd fully psrformod, diuharyed, executed, tffected, campleted, complied with snd abided by, then in eitMr w~ny tuch ~v~rtt tM ~~~d sg
prp~t~ wm mentlornd in ~~id promisaory rrote then remaininy unpaid, with interest accrued, end all moneys secured. hereby, sha~l b+coms dva and p~y~
~bte forthwith, ur Mxeaft~r, at tM option of said MORTGAGEE, as fully and completely as if eU of the ~aid sums of money were w~pinally stipul~ted
ro k» paid oe iuch d~y, ~~ythinq in said promiuory note or in this Mortgs9e to thu contrary notwithstandinp; and thrreupon or tlxrealter a~ the option of
uid MORTGAGEE, wifhout notic~ or derrNnd, suit at law or in equity, therefore or thereaftrr begun, may be prosecuted ai it •It moneys acur~d hereby
Md m~tur~d pria to i» irut;tution.
7. Th~f in fM event that ~t the beginntny of or ~t any time pending any ~uit ~pon this Mor?gaqe, w to ioreclos~ it, or ta teform it, or to enforc~
payrrKnt of •ny tlaims Mround~r, uid MORTGAGEE shsll apply to the Gour4 hsving jurisdiction thereof for th~ rppaintment of a Reteiver, such Court sha+l
Forthwith ~ppoint • r~teivvr of sai~ mortp~9ed property al! and sir.gular, intlud~ng all and ainqvlar the incom~, protiti, issues end revtnvas frum what~ver
Wurt~ d~riwd, eath ~nd ~v~ry o whith, it kxing •xpressly understood, ia hereby mortgaged as if tpecifically tet forth snd daftribed in the yrantinq ~nd
iuiberdum claus~a he?eof, ~r+d iuch Receiver shall have ell the broad and effettiva f~nctione and powers in a~ywise cntr~sted by ~ Court tp + Ret~iv~r, •nd
such appolntmsnt ~hall bo mada by ~uch tourt ss in idmitted equity snd a matter oF absolute right to said MORTGAGEE, •nd wirhout roferenc~ to th~
~d~quacy ot fnad~qvecy of tF+~ valut of the property mortgaged or to the solvency or insolvrrxy of ~aid MORTGAGOR a ths defandanh, and that such
renn, profib, income, iaues and rsvenues shall bs applisd by tuch Receivrr ~ccording to the tien or ~quity of said MORTGAGEE ~nd the pr~ctiu of such
Court.
8. To duty, promptly ~nd fully p~rform, discharge, execute, effcct, tomplete, comply with •nd abide by e~th and ~very the ttipulations, aynernenis,
cw~ditions and covenants in seid promlasory note and thi~ mongage ~et forth. '
9. That in tha ~vent the ownership of the, mortgeqed premises, or any pert thereof, becomea vtrsttd in • perw~ other than fhe MORTGAGOR, iha
MORTGAGEE, iri iucceswrf and ~isigns, may, without notice to the MdRTGAOR, deal with such tucceuor w successa in in!ere:t with r~fer~nce to thia
mortyaye and the debt hsreby securtd in tha iame msnner as with Mortgagor without in eny way vitiatinfl o? dixharging the Mortqagori' li~bility herr
under or upan th~ debt hrreby iecurad. tJo sale of the premisee hereby mortgaged end no forbearence on the pert of the MOR7GAGEE ot it~ sutcesson
or ~uipna ~nd no extension of the time for the payment of the debt hereby secured givQn by the MORTGAGEE or its tuctessw• or sssi~ns, shall operate
to r~leafe, diicharge, modify rhange or sffect the original liability of the MORTGACaOR herein, either in whole or in pert.
10. It i~ specifically agreed that time is of the easence of this contract and that no wsiver of any obligetion hereunder or of the oblipation te-
Nrat! Mr~by sh~ll at any time thereafter be hald to be a waiver of the term~ hereof or of the instrument tetured herby.
I1. In addition to the forego:ng monthly payments of print'pal and interest required by the promiswry note secured hereby, mortgagor cov~nants
and ~greti to pay to mortgagee with each mont!~ly payment an addirional sum estimated by mortgagee to be eqval to 1/12 of the annuat cost of tha follow-
'~9~
A-All real property taxes levied or assessed againat the above described reel estate.
B-Premiums on fire bnd windstorm insurance aa herein requ~red to be carriad on the improveme~tt fituete on the above described premisas.
L-Premium~ on such mortgage guaranty inauronce aa mortgagee shall from time to time deem fit to carry on the loan secured hereby.
Mortgayee shall from time to time notify mortgago~ in writing of the amount due and payable hereunder and such sum shall thereupon ba due end
pay~ble en the due date of the next monthly payment and each successive month thereafter until mortgagee shall notify mortgagor of e thange in ~uch
•mo~nt. Such tum~ shall be applied by mortgagee toward the payment of real property taxes, insurancr premium:, and mortgage guaranty in~ura~ncc
premiumi.
IN WITNESS WHEREOf, the ~aid MORTGAGOR haa hereunto ut his hand and seal the day a~d year first aforesaid.
eal an sli d' th~ presenee of: ~
el)
' 8 O a . ~8t80T1 S~~I)
_
arol.y . Watson ~~ap
STATE OF FIORIDA ~
Seint Lucie
couNn aF
Befwe me penonelly eppeared ~B~IAOT1Cj ~'i .{a8t~4I1 and
C e ra lvn K. W8 ~ 9 021 his wife, to me well known and known to me to be
f~e individuats described in snd who executed the faregany ir?strumem, and atknowledgad befnre me that fhey ezecuted the same for tht purpou~
?~e?e~ry .xp~es~ed. n~d rM bi~ ~I'~ lY..t~~~ W 8 t 9 on
wife of the ssid Raymond C. W8 t 80II ,~r., ~pon a separate ahd privata
examinstion by me taken separate and apart from her said husband, ~tknow{edged to and before me that she executed said instrument freely and volun-
ta~ily and withou4 a~y compulsion, constnint, apprehension, or fesr of w from her taid huiband. L~
WITWE55 my hand and offkisl saal tf~i~ ~ 2~,.~._. day of.- - A. D. 19__.SZ~
~ ~ ~ -
Notary Publit in and for the State of Fiorida ~t lerpe
My Comm~uion ~xpira~~Otary PubliC, State of F!orida at Lart;E
Ret~Yn To: F;~..~a (~ECe~R~~~ h;y ~:omm ss on Ex;::rc-s iJov. 3, 1?5~
Fint Fedtrral Savinps & Loan Associ~~qn ~ s~~~00K ~~/.3`~ Bonded 4y Americzn Surety C;o. of Pd. 'f.
Of foR Pterce. /
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~ '65 SEP 23 ~f~ r?;
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- ~ ' ~ R ~i~~r~AS. c~.EaK = ~ -
- - c~ ~~ST. LUC1E COUNTY. " t' _ ?y
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