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3. To plac~ ar~d conrinuously keep an 1M buildiny~ ~ww or MreaflK ~itw~~ on iaid lud and on all equipmtnt ~nd p~rwnalty covK~d by Ihis nart¢
p~. with ~II premiwn~ tMrew? pa~d in fvll, fbe insuranc~ in ~h~ wwl s~+~dard policy fo?m. ~n a s~m approwd by 1M MORiCsAGEE. snd wi~throrn~
Inwrana in tiw uswl ~anda.d potccy form. M a s~m approv~d by ths MORTGJIGEE; In such tomp~ny o? compani~s as tM MORTG/?GfE may
dindj and ~II f'u~ and wi~lwm inwr~nc~ policies on any of said build~nps, ~fly Ieltt/y1 tFNf~1f1 Of Pilt IFI~flOf, in tM a~qre~t~ wen ~fa~said or
in ucpu the~eof, shall conaie ~M uswl stand~~d mwt9sqe~ claus~ w such o~M. cl~vs~ ~s th~ MortQa~ maY rpvia~. makinp tM loss unde~ s~id po14
ciq, tach a~d ~very, paYabb w s~id MORTGAGEE a in ietereit may spp~ar, ~nd each and ewry tuch policy ~hall b~ promptiy ~u:yn~d and d~liwr~d ro
~ny hdd by iatd MORiGAGEE as ivrtAer secority ro s+id maty~p~ debt, and. not I~s~ tMo tM l10) days In ~dvanu of tM expu~tion ol each policy. ro da
t~wr to iaid MpRTGAGEE a ~~n~wal thawf, ropeelwr wilh • raeap~ for tl+e pr~mium of wch r~e~ewat; and thtrt ~hsll b~ ea f'~n o~ winditwm tnfw~~e~
plaad on ~ehr of said buildinys. ~ny inte~~st M~r~in or p~n the+eof, unless in th~ form'u~d with tM lou p~yabk u ~fanaidj ~nd tn tM ~vN?t any s~m
of mon~y becon?a p+yaW~ ~nd~r such policy or policit~ uid MORTGAGEE shall I+~w ths opt~on ro receiw u+d apply tM sarrw on ~ccoum o1 tM indebted~
nns s~c~nd har~by q 1o pirmit ~id MORTGAGORS to reCeiw ~nd us~ it or ~ny parl tFK~Mi fw other purposes. wirhout thrreb/ waiviny o~ ~mpai?-
inq anY equity. lisn or ripht v~der w by virlw of thit morly~p~: snd in tM ~vent said MORTG/IGORS slwU fw anr rt~son fall fo k~ep tls~ said pr~miata so
in~~ree~ ot fait ro detiva p~omptly any of s~id policies of insunew to said MORTGAGEE. or fsil promptly So pay fully ~~y premium the~efor a in sny
resp~et fail w pKfonn, dixharge, ~xec~t~, ~ff~d, complet~, comply wirh u+d ab~d~ by this cov~nant, or ~~y put hsrwf, ssid MORTGAGEE may p1~ct ~nd
paY fa such inwranc~ w u+y part tMreof witAout walvinp ar ~ff~ctinp a~y option, ?it~, puity, w ~iyhf und~r a by virtw of ~hit Mo.tyap~. and the
full ~movnt of esch ~nd ~vsry s~ch p~ymee?t ihall b~ immediately dw +nd payabl~ and aha11 bear intKest from tM dat~ thereof umil paid M tM raq oi
nin~ pN centum per annum and together wi~h such in~eres~ shall bs secwed by th~ ti~n of this mw~Q~.
1. To pKmit, oanmit or suft~r no w~stt. 4np~irment w defaioration of said propkty o~ ar+y psA tl~erwf. I
S. To pay all a~+d si?gutar tlw.wat~, charyes and expanses, includinp a reasonablr ~norney's fee and wsts of ~bitracts of titls. incvned w p+~d at
any time by ~aid MORTGAGEE, becaus! w in the ewnt of tM f~ifu?e on tM part of tl,~ s~id MORTGAGOR ro duty, promptly ~nd futly perfwm, d'achar9t
execut~. effect. oompl~te. tomply w~th and abide br ~ad+ ~nd every the stip~tatio~s, sgreements. cor~ditions, ~nd mvenanq oi said promissory not~ and thi~
monQaQ~ any or ei~her, snd s~id cos~s,- char9rs and expeere~. each and every, aM11 be imm~diafely due and payabk: wherher a oot rhet~ b~ norice da
msnd, atte+npt to colled a ~uit pe~ding; ~nd tM full artwvnt of each and tvery t~rth payment ~hall bea. interest from IM date thereoi until paid ~t the
rate oi nine per centum per annum; and all taid cbsn. cM?yts and expenses incurred w paid, togethet with s~ch intattl, aMll b~ astvr~d by ti+~ li~n of t1w ~
A. ifwl in the event of ~e~y breach of this Mortyay~ w def~uh on tiu pan of ths MORTGAGOR, or (b) in the event eny of s~~d swm of morNy
herein nfared to bt not promptty ~nd iulty paid wirhin thirty (3p) days next sfta tlrc same severally become dw and payabl~, without demand o~ notite,
or in tlk wee~l each and every the stipulations, ~g~eemenn, ca?dirions and cova»nts of sa~d promissory rate aed th~s mort~ape any or eitlw an nol
iuly, promptly and fully perfwmed, discharged, executed, effected, compteted, complied with and abided by, eh~n F~ eithe~ o~ any ~uch ewM th~ isid ~p
g+cgat~ wm msntioned in said promiuory opb then rem~init~p v~p~id, with interest stuued. and a11 mo~ey~ secvred hereby, shall betwM dw u~d p~y-
abte fwthwitly a thereafte~, at the opti«? of said MORTGAGEE. ~s fvlly aad completely as if all of the said swns of ma+ey were ai~iewtly stipubted
to be paid on sud? day, anyth'ug in said promiuo?y note a in fhis Mortgage to the contrary notwithsfsnding; and thereupon a thcraafte~ ~t fM optio~ ot
said MORTGAGEE, without notKe w demand, suit ~t law a in equity, tF~efwe w thereaher begun, may be prosecuted ~s if ~II mo~eya secvnd hareby
had m~tured prq~ to ib irqtitution.
7. TMt in tl» event thar at rhe beqinning of w at any time peridieg aay wit upon this Mwtgsgs, a to faeclose it, or to reform it, w to enforp
payment of any claims haeunder, said MORTGAGEE slull appty to the Couh having jurisd~nion thereof ia the appantment of ~ Reccive~, such Coun sMll
fortFiwith appoint a receivet of aaid mortgaged property atl snd singulu, inciudmg all snd singular the income, prolirs, iuves and revenuef fiom wi~ateve~ ~
source derived. s~ch and every of which, i~ beinq expressly vnderstood. a hereby mortgagrd ai if speufKalty set fath ~nd dewibed in Ihe yranting and t
habendum da~nes hereof, and s~ch Reteiver shall h~ve ~II the broad and eifective funct~ons and powers in anywise enlrusted by s Courf fo • Receiver, ~nd
•uch appointment shatl bt made by such Caxt u an admitted eqvity and s m+na of absolure right to said MpRTGAGEE, a~+d wirhout refereoce to ti+~
adequscy p insdequacy of tF~s valve of the prbperty murtgsged or to the solvency w~~solvency of said N10RTGAGOR or the defendants, and that such
renrs, profits, income, iuues and revenues shat~ be appl;ed 6y ivch RKeiver accwdirq to the lien w equity of ued IYWRTGAGEE ud the pac?ic~ o( such
Court.
8. To duly, promptly and fully p~rform, diuhar9e, execute, effect, complete, comply wi~h and ~bide by esch and every the stipulatiw?~, apreen~ts,
conditions and cover?~nrs in said promissory note u~d tha mortyage set fath.
9. That in the event tF~e owixnhip pf the mort9s9ed premi~es. or any put thereof, becomes vested in a penon o1he~ tl?an the MORTGAGpR, 1M
MORTGAGEE, its succeuon and suiyns, m~y, without notite to the MORTGAOR, deal wi~h such successor or wccessor i~ interest with refaence to this
mo.~yape and the debl hereby secwed in the sarns manner ss wi~h Matgago. witlw~t in a~y way vit~atirg w d~scharp~rg tFK Moregagors' liability Irra
under a upon the debt hcreby searred. No s~te of the premixs hereby mortgaged and no forbear~nce on the paA of the MORTGAGEE or its suaessas
or auigns snd no eatensan of the time fw the paymeM of the tlebr hereby setured piven by the MORTGAGEE a itt suttessors or auiy~s, shall operat~
ro rckase, d~stMrge, modify chsnge w effect the originel liability of the NIORTGAGOR herein, eithe~ in whok a Fn p~rt. i
10. It is specifically agreed that time ia of the essence of this contr~tt and that no waiver of any obl'~g~t~on hereunder a of th~ oblip~tan se- ~
a.red hereby shall at any time thereaher be held ro be a w~iver of tfie terms hereof a of the instrumeM secured herby.
11. In addition to fhe fwego:ng monthlY paYments of prin~ p~l and inrerest requi~ed by the promissory nore secv~ed hereby. mortgagor covenants
and ~g~ees to pay ro mortgagee with each monthly payment an addirionsl svm es~imated by mortesgee to be equsl to 1/12 of the anmia~ cost of the follow-
in9:
A-All real property taxes kvied a assessed aga~nst the +bove dexribed real estate.
~Premiums on fire and windstorm insurance as herein requ~red to be wried on 1(x improvemenb sitvate at the ~bove described premise~,
C-Prtmi~ms on sucM mortgage gwranty i~surancc ss mortgagee shall from t~me to time deem fit ro c+rry on the loan secured hereby,
Mortgagee shall from time to time notify mortgagor in wr;ting of the smount due and payabk hereu~der and iuth wm shall thcr4trpon be due ~nd ~
payable on tFM due d~te of the next monthly payrrMm and exh successive mor~th thereafter ur.til morigsyee iha11 notify mortgsgor of • change in wch
amount. Such sums shall be applied by mo?tgaget toward the payrrKnt of real p~operty taxts, insunnce prem;ums, and mortgaye yuar~nry inwr~nca ~
premiums.
\
IN WITNE55 WHEREOF, the s~id MORTGAGOR has herevntp set his hand snd seal the day and y iirs or 'd
~kd deliv~ered in the presence of:
~
Q.c.~?. +h
K--n
K-.n
STATE OF FLORIDA ~
courm of S t, T.L~ i e
eefore m. P.rwnally .ppea.«l F Sm i h •rKi
~~8 $mith . his wife, to me well known and known to me to be
the individwls described in and who exetuted the foreyoi~g instrument, and aclcnowledyed befwe me 1Mt they exetuted tMe ssme fw the p~rrposes
rhe?ein enPresad. Md rh~ sa'~d- - Lo M Smith
wife ot tM wtd - . E f th - oPon a separaro and prir~t~
examination by m~ ~aksn ~epar~te and apart from her sa;d Fwsband, adcrwwledped ro and befor~ rne that shs eaccuted aid ironument f~eely a~d vo1uM
tarily and w~tho~rt ~r~y wmpulsion, eorutra~nt. ~ppreMnsion, or fea of w feom h~r said husband,
WITNESS my Mnd and officiat teal t1+'n__'/~Ir ~y ~ -
- A. b. 19-~,
~
Noary P in ~nd iw the Stst~ of Florida ~t Lup~
Retum Ta MY iuion txpira:
FiM Feder~) Savinps d. Loan Assotia~ _A D E`` Q R D E D f~iOfjl~/ Ptlb/C. ~1~ Of ~ it
Of Fort A~e+ce. T~Qt : ~1 ~
(N-- \~~li~~a~ 9OOK MY Commisclon Expir~s Aud• 6, 1~
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b? f `1~'~
e
i jlaida B011d~d By Mts?iW1 Slu~~
y Co. oi N. Y.
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~ .t': = ROGER F:;! i RAS. CL.ERK _ ~ _ r,~'
, -~3 ~.5~~~ ST. LUCIE COUNTY. - - t y "
`J.`~ FLORIDA = s ` ~ ~w
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