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3. To pl~c~ a~d contio~anly ke~p on tM bvild~n9s now a FN~lifiN fitu~t~ Of1 f~id I~ an1l Of1 ~II OQuipm~et ~nd paso~+lly covK~d by thi~ n~ap~
p~. with ~II p~emiw~A th.weon p+~d in full, fire insurancw i~ the usual st~ndard poticy fwm, s surn approv~d by tM MORTGAGEE. and wi~torm
1nw~~nc~ in th~ ~swl ~tsndard pol~cy form, ie a sum ~pprovtd by t!w MORTGAGEE, ln wch compa~y w co~?Wnies a tM MORTGAGEE m~y
d'u~ctj ~nd all fin ~nd w~nditorm in~vranu policits on any of said b~ild~rgs. ~~y i~tH~st therei~ w p+rt therwf, i~ tl+~ a~qrep~q ~um ~fo«s~id or
1n ~xt~ts thenof, sMN tontain tM usual standard maty~yt~ tl~use o~ iuth otha clavs~ th~ Matp~Q~ may rpua~. makinp tM lou u~der tsid pdF
ci~t, sxh and way. paYable to uid MORiGAGEE as iti intarest may spptar, and esch and every ivch policy ihall be p~anpthr +u:~nsd +~+d dNivKed to
~ny held by s+id MORTGAGEE as further security to said mwtpay~ debt. ~~d, ~ot less than ten (10) d+ys t~ adv~nce of th~ ~xpiration of ~ach policy. to de
{ivM to s~id MORTGAGEE • rt~ewal thereof, topeth~r with a receipt ta tl+e premium of s~ch ~tnewalj and ~her~ ihsll b~ oo f'u~ a winditwm insvru~n
plac~d o~ any of said b~ildings. ~ny inte~e:f ther~in or p+rt the~eof, ve~leu in tFK forrti snd wi~h tM lou p+yabl~ ss •fa~uid: and in ~M ~v~n1 ~ny ium
of mon~y becom~s pay+bl~ ~ndK wd+ policY « Po~Kies ~+~d ~MORTGAGEE sF~all I+~w th~ optton to reuive snd spply tM s~ oe +cwu+u o1 fM ind~bted~
~ess s.sv.ed hereby o? ro p.rmi~ ~aid MORTGAGORS ro ~eceive snd u~ it a sny pxr~ fhereof fw ofhcr purposes. without the.eb~ waivi~y w anpai~-
inp any pv;ty, IiM a rigM under or by virtw of this mortp~ye; u~d in tM went siid MORTGAGORS shall fa ~ny rtawn fail to keep tFw said pr~mises to
k+sured, or f~il M deliver promptly ~ny of said policies of ir?sunnoe to s~id MOR~GAGEE, or fail prompNy to p~y fully any premium therefw ot in ~ny
r~spect fail ?o pKfann, diuhuge, execute, effecl, canplete, comply with u+d abide by thit covenant, a a~y put hsreof, ssid MORTGAGEE may pl~ce a~d
p~Y for s~rth InwraeKt w u+y part thereof without w~lvinp or ~ff~ctinq a~y option, liee, equity, o~ ~iph~ ~nda or by virtut of thif Mortyap~. ~nd the
full amount of sach u?d ~vKy wch payment sMll be imm~d~ately dw and paysbl~ and sAall bea interes~ from th~ dat~ thereof w?lil paid a1 tt+~ ratt ol
nin~ per ce+?tum p~r ~nnum and together with sucA iroere~t sh~ll be sscvred by tM lien of thii ~naty+pe•
1. To pKmit, canndt or suffer no wut~. Gnp+'umem a deteria+tan of said property o? any puf thereof.
5. To p+y all +~d sinpvl~r 1M~cosri, charyes s~+d expenses, includin~ • reasonsble attor~ey's fee and wits of absh~cts of tide, incvrred a p~id at
any t~me by said MORTGAGEE, because a in the event of the faiture on the part of the ~id MORTGAGOR to duly, promptty and fvlly perform, d~xhar9t
~xecut~, effect, complet~, comply with and ~bide by each and every the ~tipulations, aqreements, tonditions, •nd oovenann of ssid p~om7ssory not~ snd rha
mwfg~pe ar~y w ei~he?. and said costs, ch~rges and expenes. each and every, shatl b~ immediately due and payable: whethe~ w not there be notice da
m~rd, attempt ro tolktt w wit pendirg; and ths full amov~t of eath and evary suth psyment ihall bear interest from tht date thereof ~ntil p~id ~t the
rate of nine per ce~tum pe~ annum; and all said cdits, charges and expensss incvrred w p+id, together with such inter~it, sh+ll b~ secwed by ths IiN+ of tha
~C+O~.
e. ifwt in the event of a~y breach of this Mortgsg~ w default on the part of the MORTGAGOR, or (b) in the event ~ny of sa~d swna of mon~y
hertin referred to bs not promptly and fully psid within 1F~irty (30) days rxxt after the same sevmally betome due and p+yabk, witlw~t demand a ~wtice,
w W in tM eveqt each ud every the stipvlations, ~greemenn. conditions snd coven+nts of s~~d promiuory nofe and this mortya9e ~ny a ei~her an nol
~uN. p?ompNy snd fully perfwmed, d~xhacged, executed. effected, completed. compl~ed wifh ~nd ~bided by, then in either w sny such avent the ssid ~g
pre~t~ sum mentio~ed in said promiswry note then remaininp unpaid. with inrerest atuued, and all mo~eys setured hereby. sMll betome dw snd p~y~ j
~bl~ forthwith, or thereafter, ~t the option of said MORTGAGEE, u fvlly ~nd compktely ss if all of the said wms oi mw?ey were wipinally sNpulated
to be paid on s~th day. snything in said prom~uory note or i~ thia Mortgsge to the contrary notwithstsnd~ng; snd therevpon a there~fter a~ the option of ~
ssid MORTGAGEE, without noY~ce a demand, suit at law or in equ~ty, therefwe or rher~aher begun, m~y be proxcuted ss if all moneys secund he~eby ~
had matured prior to its irntitution.
7. That in the event that at the beginning of or af any time pendi~g soy suit upon thia Mwtgage, a to fweclose it, w ro refonn it, or to enfua
paymant of sey dsims hereunder, ssid MORTGAGEE sMll apply to the Court having "ryr~sdidioa thereof fw the appo~ntrn~nt of a Reteiver, wch Cwut shall
fortliwith sppoint s rcteiver of said mwtgaged property all and sing~lsr, includ~ng all and singulsr the income, profin, iuues snd reven~es from whatever
wurce derived, e+ch end eve?y of whKh, i~ be~ng expressly urKlcrstood, is hereby mwtgaged ss if speuiically set for~h and described in the 9r~nting snd
MbMdum davses hsreof, u+d such Receiver shall have all the broad and effective funct~ons and powers in snywise entrusted by a Court to s Receiver, and
wch sppointment sA~ll be made by such Cou~t as an admitted equity and a ma~tet of absolWe r'gh~ 1o said MORTGAGEE, and without reference to fhe
adequacy or insdaquacy of the vatue of the prbperry mwtgaged or to the wnrency or inwlvency o! sa~d MORTGAGOR a the defeodants, ard tMt such
re~ts, profib, intome, iuues ard revenues shall be applied by such Receiver accwdinp to ths lien or equity of said N10RTGAGEE and ths praclic~ of svcA
Co~xt.
8. To duly, promptly ar+d fully perfo?m, discharge, execute, effect, complete, comply wirh and ~bide by esch and every 11~e stipulatioes, agreements, `
tonditioro and covenants in said promissory note and this mortgage set iorth. ~
9. That in the event the ownenhip of the mortg+ged premises, or sny part thcreof, becomet vested in a person other fFan the MORTGAGOR, th~
MORTGAGEE, it~ svcusson and +ssigns, m+Y, without notice to the MORTGAOR, deal with such succeuw w successor in interest with ~eference fo thia
mortgaqe and the debt hereby secured in the same manne~ ss with Mortgagor withovt in ~ny way vitiatiny p diuhsrging the Mortg~gors' liability here
under or vpa? the debt he~eby secured. No sale of the prem~scs hcreby mwtg+ged ~nd no twbeara~ce on the part of the MORTGAGEE or its successon
or augra and no extensioo of the time for the payment of the debt hereby secured yiven by the MORTGAGEE or its iuccessus w assgra, shall operaq
ro release, dixhupt, modify d+ange w affect tFx original lisb~l~ty of ~he MORTGAGOR herein, either in whole or in p~rt.
10. It is spedfic~lly agreed that time is of the essence of this contract and that no waivei of s~ryr obligation herevnder o? of the obtg~tan ~r
a;rcd hertby sh+ll at any time thereafter be hcld to kx ~ waiver of the tcrms hereof ot of the instrumem secvred herby.
11. !n additan to the faego:ng monthly payments of princ'p;l a~d iroerest requi~ed by the promissory rale setured hereby, mort9agw cove*~snts
and ~grees to pay ro mortgagre with each momhly payment an add~rional sum estimated by mortgagee to be equal to 1/12 of the annval cost of the fotlow-
M9=
A-All real property taxes kvied a assessed against the above described real estate.
B-Premiums on firc and windstotm insurance as herein requ~red to be urried o~ the improvemenh sitvate on the above described premises. _
C-Premiums on such mortgsge gwranry insurar,ce as mortgagee sh~ll from t~me to time deem fit to orry on the loan secured hereby.
Mptgsgee shs11 from time to time notify mortgagor ~n writ~ng of the amoum due snd psyable hereunder and such sum shall therevpon be due ~nd
paysble on the due date of ~he next monthly payment and each successive month thereafter ur.til mortgsgee shall ratify mortgagor of a cMnge in such
amount. -Such sums shall be applied by mortgagee toward the psyment of real property fsxes, i~urarxe prem~ums, and mortgage yuaranty inw?ance ;
premiums. j
WITNESS WHEREOF, the ssid MORTGAGOR has hereunto sct his hsnd and ual the day snd year fiint ~foreaaid.
nd tivered in the pr~sence of:
• •n
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~
STATE OP fLORI~A { ~
Counmr oF St . T. i e
Before me personally appeared Robert Lee Chavers ,,,d
A11Ce HaZel Chavers his wi~e, to me well krawn ~nd krawn to ms to b~
tlr &+dividwb dexribed in ~nd who execoted the foregc„ng in:trument, and acknowledged before me that they executed the ssmt fot tF~'purposes
~y:i:~lltlf!? ~ - ' . . .
~et~ ~p~M~ ~ - Alice Hazel Chavers ~,ti~~M..~J ~T~;: y
Rober~ Lee Chavers
wifs ot the s+id ' ='~.~fp.• r+te~~-Pr'nat~
examinatan br me tsken separate and apart from her ssid husband, sdcnovvledped to and befwe me that she exet!{1~8 ~~Ql1~.., , V Y;~l~,itolw~-
taily u~d without ~ryr oompuls7on, constraint, app~ehemion, or feu of a from her said husband. r~
~L .r ` ~,r~iJ~ .
WRNESS my hand ~nd official seal this ~ day of a. a -<~M~,~
a~ ~
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tsry Public in and for the - ~ r'~~ ti;
My Commiuion e:pires: s•.~
Retum Ta • .
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Rnt F~dewl Savinys 3 l~osn /luociation '
Of Fort Pierce. EQ K
Fort Pierce. Flwda ~~C ~
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N PUBUC, STATE ~ ~pRIDA
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