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To pl~c~ u+d contirwouily k~ep on tM b~rildi~gs now w Mrcafr~. Wtu~te on iaid land ~nd on att puip~neot and penonally cowr~d by this nwrq~
p~, witA aU pr~eniwrq tha~on pa7d in fv11, ~ire iniur~nc~ i~ tFv uiwl sundard policy tam, ~n a ium approwd by tM MORTGAGEE. ~nd wied~torm
iiuwanc~ in t!?~ vsu+l sta++da•d pol~cy fwm, in • aum approv~d by ~M N10RTGAGEE; in wch con~pany or compani~s ~s tM MORTGAGEE nwy
dindi and ~il it:~ u?d w~~w.m inwr~nos policier on any Of faid D~ildin~L My.inM~t~t 1hN~in Or pNt tMrlOf. M tM apqrp~t~ tum ~fot~said oe
In ~xuss 1F~e~wf, shall conf~in tM uswl iqndud maf~a~ cl~us~ o~ :uch oth~r cl~us~ u tM Morfpap~ may reQuk~. n+a?i~p th~ lou ur?de~ said po1F
dM, ~ach and wt~y. parabl~ a ald MORTGAGEE ~s in int~rett may ~ppear, snd each snd ewry svcA policy ihail b~ p.on,ptiy us:pn~d ~nd dtliwred ro
any heW by a+Dd AAORTGAGEE u funh~+ ~ecvrity ro iaid matpa~ deb~, and, not leu tMn t~n (10) days in ~dvanu of th~ ~xpira~ion of Hch policy. ro dw !
liw~ ro s+id MORTGAGEE ~ r~w~l tM.~of, top~~F~ wiM a rec~ipt fo~ ~M pnmiwn ot such r~new~l; snd th~r~ ~hatl b~ ra fir~ w wiodsrwm inwranc~
pt~ad at? ~ny of qid buitdinas, any tntertit tM~eFr~ o~ pa» thereof, unleu in ~!w ~orm'and with tM bss pay~bl~ as afoni+idj aed in tM ~veet ~ny wm
of nan~y beconws p~y~bh wd~ such policy o~ polici~s taid MORTGAGEE shall Mw tFw option ro r~iw +nd ~pply th~ ~ams on ~cco~m o1 tM indebud~
nas kcw~d lwr~by a a permit said MORTGAGORS ro receiv~ and vs~ i~ or •ny pa.r ehereof fo. onc~r purposes, w;~hou~ fl?sreb/ w•i~i„9 w~mpair.
irg ~nr puity, li~n w ripht unda « by virtu~ of thia mort9~: and tn tM tvem s~id MORTG/1GOR5 s!?all fw any ~esson fail to ke~p ~h~ wid p~n+isa so
iroured. w f~il b d~liv~r prompfly a~y of wid policies of ir?sunrxa to saic MORTG/1GEE. a fsil prompUy ro pay futly any p.emium therefor or fn any
n~p~ct f~il b psrtocm, di:cMrQe, exscvt~, ~ff~d, canplet~ comply wirh and ~b~de by this covtnan~, or any part hersof, said MpRTGAGEE msy plac~ and
p+Y fw sud~ lnwranc~ w+~y p+rt tMreof wirhout watviwg or aff~ctirp any optan, li~n, puity. o< <ipht unde. or by vinu~ of this Mwtaap~. ~nd tt+~
fvll a~ewunl of ~ad? ~nd evKy wch p~ymee?t sMll b~ u+wn~li~tely dw and p~yabh and sA+l1 beu inre?esf f~om tM dsq thsreof un~il paid M th~ r;t~ o{
nin~ pM ayntvm pN ~~num and toge~l?e~ wifh such interesl ~hsll be securtd by th~ lien of this mort~~. _
1. To p~rmit, commit w wHu no wast~. imp~i?mcnt or deteriwatan of s~id propeny a any put tMr~of.
S. To pay ~II and sirgular the ~tosti, charpas and exp~nses. includinp ~ ~easorwbl~ ~t~ern~y's fes and costs of absn~cts of titls. incuired a~aid ~t
any tGrK by ~id NWRiGAGEE, becaus~ or in tht evt~t of the failwe on the p~» of tM said MORTGAGOR to duly, promptly ~nd fully pwtwm, discharg~,
execvte, eff~ct. oompkts. comply with and abtd~ by each ~~d every the ~Yipulations apreemants, conditions, and oove~ann of said promi:so~ not~ ~nd tha
matpap~ u+y or ei~her. and ia~d costs, cM~pes +nd expen~es. e~ch ~nd every, sh~ll b~ ta~rmdiately due and pay~bk: wherher a not rhe.t be norki d4
mand a»«npt to eolkct or wit pend7n9; and tM fvll snwunt of each and ev~ry wch p~yme~t ah~ll bear ;rnereit f~om rM date thereof unn'1. paid a NK
?~te of nina per unntum per annum; ~nd all ssid cdsts, char~es ~nd eapenses inc~rred or paid, topetMr with such ima~st, ihall b~ aawed by th~ fi~n Qf thi~
^ar~9+0~• ,
b. ih~t in tM evsnt of an Meath of tha /Nort !
Y 9+g~ a def~ult on th~ p~rt of the MORTGAGOR, or (b) ;n tM ~vent ~ny of aid awn~ of moner i
h~nin r~f~ned to b~ not promptry ~nd fuly paid within thirty (30) days next af~e~ the same severall~ becorne dve ~nd p~yabl~. wi~hout d~m~nd o~ no~iu.
a W tn tht evMt ~ach u~d ~very the stipulations, a9reemenn, conditions and toven+nts ot satd promiuory note and th~s mwtpye any w ~ither ar~ nol ~
~uly. promptly and fully p~rformed, d~scba~~ed, executed. effected. compteted, compl~ed with and abided Sy, then in eithy w any such ~veM tl+~ said ap~
pre~t~ wm m~ntan~d in said p?omissory note then remainirg unpaid, with interest xuued. ard ~tl moneyt sscvred hereby. ahall bscpr~ dw and p~y.
abl~ fo?tM~vi~h, a thsrestter, at the option of said MORTGAGEE, u fully and compl~tety as ii all of the taid sums of morwy wen ori~inally stipul~ted '
ro be paid on wch day, anything in sa~d promissory ~ote w in thu Matgage to the contrary notwi~hsqnding: ~~d thereupoe or thereafter ~t tM optio~ of
wid MORT_GAGEE. withov~ nor~ce or demand, w'rt at law a in aqv;ty, therdon a there~fie~ bepun, may be p~osecured as if sll nwneys sacur~d l~sby "
had muwad priol 1o its institution.
7. That in tM event that at the beginning of or st any Yune pend;ng avy wit upon this Mortgsge, or to faeclose it, p to reform it, or ro eniorce i
p~ym~nt of any ciaims Aer~nder, said MORiGAGEE shaH apply to the Court havirg jurlsdicteon the~eo! fa the ~ppantment of ~ Receive~, wch Court sMll
forttiwifh appoiM a receive~ of ssid mortpaged aop~fY atl and singular, includ~ng all snd sing~lar the incortx, po(its, issves snd reve~wes from whatever '
wurte darived, eath and evcry of which, it bcinp expressly understood, is F+ereby mortgaged as if tpetifiutry set fwth ~nd dettribed in the prant' and ~
haber~ ctavses h~reof, and such Receiver sh~ll have •II ~he bosd and effecrive fvnct~ons and powas in anywise entrusted by • Coun to a Receiv~er, and
tuth appoiniment thall be made by such Cowt p an admitted equiry ~nd ~ maner of ~bsolute riyht to said MORTGAGEE, and withovt reference to the
•daqu+cy o~ inideqwcy of the wtue of ~he prcperry mwt8a9ed a to the sonrency or ;nsolrc+Ky oi~ s+id MpRiGAGpR cr the defendann, s~d that iuch
renn, profits, income, issu~y and revenue~ shall be applied by such Receiver scc«d~np to the 1'~en or equiry of s+id MOV.TGAGEE and the practiu of wch
Caxt.
8. To duly, promPtly and fufly periwm, discharye. execute, e(fecf. oomplete. camply with and tbidt by esch ~+~d e~ery the sfipulations a~~eemenf~,
conditiorq and coven+nta in said promissory rqte ~nd this mortgsge set forth. ~
9. Thaf in the event the ownership of 1he mortgaged premises, or any pa?t tFkreof, becpmes• vested in a penon othe? thsn the MORTGAGpR, tl+~
AhORTGAGEE, ifs wcussors snd sui~ns, m~y, without nolice to Yhe MpRTGAOR, deal with such svccessor a suaessor in intesett wifh ?efe~ence !o thia
mwty~ye aod tl~e debt hereby secured in ihe same manner as with Mortg~gor without in ~ny way vitiatieg or dischsr~irg the Mort9agors' liability h~re. I
w+der or upon tFe dcbt Fxreby xcured. No s~le of ~he premises hereby morty~ged and no {e,bearance p~ ~FK pan oi the NWRTGAGEE a ib successon
or assigro and no e:tension oi the time fw the paymcnt of ti?e ~bf hereby sec~red 9iven by the MORTGAGEE w its ~uccessan or ass;pns, ,h~ll operat~
ro release, dixhsrye, modify thsnge or affect the wiginal liabi{~ty of the AhpRTGAGOR herein, either in wFale w in put. _
10. tt h speNfiully agreed thst time is oi the eucnce of this contract ~nd th~~ no w~irver of any obligat~on hereundcr w of ths oblgatio~ sa-
cur~d hereby skall at any time therealfer be held fo be a waiver of the terms hereof a of the instrument secured herby.
11. In addition to the forego:ng monthlY paYrrronts of princ"pDl and interest requircd by the promissory nore securKJ F~ereby, mortgagor cpvenanb
and syrees to p~y, to mortgag~me with each monthly paymeM an sdd~iwnal sum est~mated by mortgagee to be equ~l to 1/12 of the annual cost of the folbw-
i~ly:
A-Alt real property ta:es kvied or assesud against the above described resl estate_ ~
d-Premiurtn on fire and windstorm iiuurante ss herein requ~red to be tarricd pn the improvemtnh situate on the above described prerti~ses,
C-Premiums on suth mortgage gwranty insuranct aa rtartgsgee shall from t;me to time deem fit to urry o~ the loan secured hereby. ~
Matyagee shall fran ~ime to•time notify mortgsgor in writrt?g of the amount dve and paysbk hereunder and wch wm shall therevpon be dve and
p+yabk on the due date of the next monthly payrrKnt and each successive month thereafter urtil mortgsgee shall notify mwtgsgor of a change in such
amount. Such sums shall be applied by mortgagee toward the payment of real property t~aq, irourarxe prpn:vms, and mortgaye guannty inwr~nce
promiums.
tN WRNE55 WHER the~ TGAGOR hss herevnto set his hand and sesl the day u~d year fint aforesa;d. •
Sipnsd, S~al~d an liwr pr
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STATE OF FLORIDA ~
cour,nr oF ~ Saint Lucie '
Mfore m~ pKSOn~IIy ~~ea?ed _ JaCk L• MCGO~?al1 ~
Nflt'1C~ ,p. MC~iOW8T1 hia wife, to ms wtll known and known to me to b~
the indirdwts desvibed in ud yvho sxecuted the foraqoing iruae?ment, and atlcnow,ledged befae me fhat they ~xacvted the ssme for the purposes
N~e.em .xp.~,.ed. Ma rh. Nan ,y D. MeGoxan
wite ot tIK s~id - T8 k . M QOW ~f'1 ~pon a sepsrats and priv~M
e:amin~tion by m~ taken sspuate and apa?t from FKr ~id hvsband, adcnowled9ed ro a~d befo~~ rr~ tF?at sh~ execvted said irotrument freely uK1 volvo-
tuily ~nd withovt uqr compulsion, corntraint, apprehens~are,~
ear of or fro~rn her ~aid ?wibar~d,
w~rHESS ~„a ~r~;., ?w• d.,, ~ Februar o. 19 66
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Notary Public in ~ State ~ Fbr~ at lary~e
Retvm ya . _ My Comm~ssion • ~ G ,
First Fedsrd S~vinps 6 tv~n I?asoc' Y :
~ F~, P,~,~E~Or
fa~'~-J~ RECOR~EO~ kQr~~,~7,~ ~
f0?f PilfCl. F~idi _~~j~~ O O f~ MY er,: ~ ; F~ ' }
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i`,; it~t~,- . 'J ~..,~J~tiN r.9~,,~.~D ~ ~7, acn ~ ~ .f ~ ~
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't~:^ =~t66 FEB Z ~ ~ . . ~ ` ~ -r •
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tl, • ~20GEt; P~;, ~t;rs. C~ERK - - ' _ -
- ~ ~ • ' ST. LUC~E COUPSTY. ~ ~ . ~
' FLORIOA '
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