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To plan ~nd continvanly ke~p on ~ht buitdinqs ~ow or hereafr~r u~wte on said land and on ~II equipm~m ~nd p~no~ully cov~red by thi~ mat~ ;
~p~, with ~I) pr~miums thrrwn` paid in full, fire insuranc~ in the usual ua~dard policy fwm, in ~ ium approv~d by ths MORTGAGEE, ~nd windi~orm '
kauru+c~ M th~ ~nwl irandud pol~cy fwm, ie a wm approved by ~M MORTGAGfE. tn such company or compan;ss as tl» MORTGAGEE may '
dindt a+~d tll fL~ and wi~ds~orm insu~+nce potic~es on ~ny oi iaid b~ild~rps. ~ny tnte~~st therein w par~ Ihereo(, in ~h~ aygreq~~~ sum ~tor~s~id or
M uct~ts therwf, iMll cont~in ths utwl sts~dud mortgages cl~use a iuch o~her claus~ as tM Mort9agee may rpuut, maAinq the loss unda sa+d po!}
d~s, ~ach ~nd ~wry, pay~bf~ b said MORiGAGEE as iti interest may ~ppsar, and e~ch and every such poliq ihall be promptty sss:y~cd ~nd deliver~d ~o
~ny h~ld by aid MORTGAGEE ~s funhe~ secvriry to s~id matpag~ debt, and, not l~si tha~ ten (10) days in advancs of the expiration of each poliq, to dr
I~wr ro s.id MORtGnGEE ~ nnew~l tlw~wf, ~ope~F?K with a rece~p~ iw the prsmium o~ tuch renewal; and tMn shall b~ no firo o~ wi~dstorm iniurance
pbqd on any o1 faid buildinpa, ~ny intuqt thertin or part thereof, unless i~ tht fo~m and wi~h tM lou payable as atwesaid; and in tM event ~ny fvm
of mon~y b~cortwa payaW~ u~de~ such policy w policies said MORTvAGEE shall Mw iM opfion ~o ~eceive and ~ppty the same on xcount of the indeb~ed-
rns~ s~cwed hK~by or ro pNmif said MORTGAGORS lo receive ~nd uss N q any pait thereof for other purposes, wi~Mut the.Fb~ waiving o~ ~mpair-
~~p ~^Y ~4~uh. ti~n or ~ipht unde~ or by virtw of thi~ moregaqe; and in ths ~vN?1 aid MORTGAGORS iAall fa ~ny reason fail to keep the said prem~us so
k?wred. a fai) fo d~liver promptly at?y of said polities o( insurance ro said MORTGAGff, a fail promptly lo pay fully any premium thcrofw w in any
rap~ct fsil b pMfone~, dischar~, ~:ecut~, ~ffect, complete, comply with u~d ~bids by this mvenant, or any part hereof, said MORTGAGEE may plsce snd
D+Y ~ sud~ tmwanc~ a~ny put tMreof wi~hout w~ivinp p ~ffectiny any option, tieo, equ~ty, or r~gh~ undK or by virtw of ~his Mortpape. +nd tl~e '
fuq snww~t of ~ad~ and ~r~ry auch paymem sh~ll b~ irrrned'arely dw aed py~bl~ ~nd iMll beu interest from tM date thereof umil paid st tM ~ate of
nirN pK pntwn p~r uMUm aod togethet with t~ch interest shal{ be ~ecured by tM lit~ of this mortpage.
1. To p~rmit, oomn?it or suff~r ~o wut~, impai~mem or dete~~orarion of said prQperty w any p~rt tf~creof.
•S. To p~y all ~~d sinp~ln tM costa, chuges ~nd expe~es, i~ctudinp ~ re~sonsble atto~ney's fee and costs of abu~acu of tids, incurred or pa~d a~
any time by a+id MORIGAGEE, beca~se w in the event of the failure on the p+n of the said MORTGAGOR w duly, prwnptly and fulty pKform. d~scharg~,
execv». ~ffecf, compl~t~, oomply with and ab:de by ~ach and every the stipula~iau, ~greementa, co~d~tions, ~nd cownann of said promiuory .wte and thu
morty+p~ ar~y or ~ith~?. ~od said cotq, chsrges and expenses, each and every, shall b~ immediatsly due and payable; whether w not there bs r.otice d~
m+nd. ~ttemp~ ro collact or svit pend~ng; ~nd tM fvll ana~nt of esch and every such psymero shall bea. interei~ f~om iAe date thereof until paid af tF+e
rate of nine pe~ ccntum per annum; and all ~aid cost~, charges and expenses i~curred or paid, together with such iMer~st, shall be s~tured by 1M lien of thi~
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b. ?hat in the event of any bresch of this Mwtgsp~ or dafa~lt on the paA of the MORTGAGOR, w(b) in the ~vent ~ny of sa~d sums of money :
henin ~ef~n~d to be not prompdy ~nd fully paid wi~hin ~h~rty (3p) days neat afte? tRe same severatly becomt due and payable, w7hou~ demand or norice,
o? U fhe ewnt eath and ewry the stipulatio~s, agreements, conditions a~d coven~nts of s~~d promiswry ~ote and th~s mortpaqe any or eithe? ar~ no1
~uh, p?ompdy and fully performed, dixhargcd, executed, effected. completcd, complied with and abided `~y, then in e~tlx+ or any iuch ~vent tM s~id
pr~pat~ wm mentioned in s+id promiuory note then remaining unpsid, with imerest accrued, and all moneys secured hereby, shall becoms due and p+y-
~DI~ forthwitA, or thereaRer, ~t the optian of said MORiGAGEE, as fully and compktely ai if atl of tF+e said sums of money were aqinally stipvlated
to b~ paid on s~ch day, anythirg in said promissory note or in fhis Mor~gage to Ihe contrary notwi~hstandirg: and thereupon d thereaher at the option of
~+kl 1MORTGAGEE, without notice p dem~nd, suit at law or in equity, ther~fwe or thereafter begun, may b~ prosecut~d u if all mOe?eys tetursd hareby
had matur~d pripr to in inititution.
7. Th+t in the event that at the beginning of or at ~ny time pendirg ~ny suit vpo~ this Matgage, a to ioreclose it, w to refo~m H, o? fo ~nfwp
paymtnt oi any daims hsrevnder, ~aid MpRTGAGEE shall apply to the Coun having ju?isd~ction thereof iw th~ appointment of ~ Receiver, wch CouN sMll
fortAwith appoint ~ receiver of'sa'~l mwtgiged property all and iingul~r, includ~ng all and singuler the incoms, protits, iaues and revenues irom whatev~r
taxc~ derived, each and every oi whKh, it beinp expressty urxlerstood, is he.eby mw?gaged ss if speciiically set fwth a~nd desaibed in the pranting and
h+b~ndum cl+vies hereof, a~d such Receiver shall Mve all the broad and effective funct~ons and powert in anywise entrusted by a Court tq a Receiv~r, and • '
arch ~ppointmeot shall be made by such Court as sn admitted cquity and a matter of absolute right to s~id MORiGAGEE, and withovt reference to the ;
~d~quacy a inadequacy of the valve of ~he property mortgaged or to t1?e sotvency or insotvency of said NWRTGAGOR a tF?e defendants, a~d tha~ such
rents, profits, income, issves and revenues shall be applied by iuch Receive? sccud~np to the lien w equity of said MORTGAGEE ifK~ tIl! PfKfitf Of SYCA
Courf.
8. To dvly, prornptly u~d fully p~rform, diuharge, execute, effect, comckte, canply with and abide by each a~d every ths stipulations, agrseme~ri, ~
conditions ~nd tovenants in said pramissory note snd th~a mortgage set fwth.
9. TMt in the event the ownership of the mongaged premises, a any part thereof, becomes vested in ~ penon ott~er tMn the MORTGAGOR, the
MORTGAGEE, its sdccessors and suigrts, may, w;rhovt notic~ to the MORTGAOR, deal with such successor or wccestor i~ interest wi~h refer~nce to this
mortgsps ~nd the debt hereby secured in tFw same manoer as with Mo-tgsgor w;thout 1n a~y way vitiating w dixMrging the Mortyagors' liability hert
under a upon It+e debt hereby secured_ No sale of the prem~ses hereby mortgaged and no f.xbearance on the pan of the MORTGAGEE w its suctessws
o~ utipr+s and no extens~on of the time for the paymem of the debt hereby ucured given by the MORTGAGEE or its successors or au;gns, shall operate
ta ~~kase, discharge, modify change w affen the original liab~lity of the MORTGAGOR FKre7n, eithe~ in whok or in psrt.
10. It is speNfically agreed that time is of the esxnce of ~hw contracf and that no wsiver of ~ny obligetan hereunder u of ths oblipation se-
cwsd hereby shall at any time thereafter be held to be a waiver of the terms F?ereof or of the instrument secured herby.
11. In add~tion to the fwego:ng mu~thly payments of princ'pal and interest required by the prom~ssory nore secured hereby, mortgagor tov~na~ts
and ~rses to pay to mortgagee with each monthly payment an add~rional sum est~mated by mortgagee to be eqvai ~0 1/12 of the annual cost of the follow-
+rg:
A-AO resl property taxes levied w assessed against thc above desuibed real estate, i
B-Premiums on fire and windsto~m insurance as herein requ~red to be carried on the improveme~ts situate on the ~bove desuibed premises.
C-Premiuma on sucn mortgage gwranty insurance as matgagee shall from fime to time deem fit to carry on the ban secured hereby.
Matgagee shalt from time to time norify mortgagor in writing of the amounf due ar~d payable hertu~der and such surn shall 1hcr~rupon be due and
paysWe on the due date of the next mo~thly payment and each s~ccessive month thereaiter ur.til mortgagee shall notify mortgagor of a change in such
amouM. Such sums shal) be applied by mortgagee toward the payment of resl property taxes, insurance prem:vms, and matgagr gusranty insursnce
pretnFums.
IN WITNE55 WHEREOf, the sa7d AhORTGAGpR has hereunro xt his hand and seal the day ~nd year first aforesaid. !
s..~~ r~ea in tM presencs of: ~ ~
.
' n
. n
K-•n
K--n
STATE OF FLORIDA ~
courm oF St . Lucie
defwe me personally appea~ed ALtR119t,119 C. J~ Ck301C1
aTll i 8 G Ja ek aon his wife, to me well known and known to me ro br
the ind'.vidwb deuribed in and wia executed ths foregany instrument, and acknovvkdged before me that they executed the same for the purpotes ~
,he.ein .xae,.~a. ,4„a th. sa;~ JuliS C. Ja ekaon t
wife of tM ~aid - AU({Ll9tU9 Ci . J8 Ck9011 uPon a:epsnte and private
ezsmination by me taken ~eparate and apart from her said hvsband, ~dcnowledged ro snd befwe me tMt sF~e exetuted said i~ntrument freely and volvrr
tuily ~nd withwA aay canpulsion, consaainf, spprehension, or fear of or from her said husband-
WITNESS my h~nd ~nd offitia! seal.th~~~ 2• d ~ dsy of v 4_'••- ' p. 1966 .
tary Publie in ~nd fa thp Sl~te of FJaeidr at Laiy~ ~
FILEO AND RECORDE~ t°'""'~:'~°" ~"P"°" ` ~:_1;~.- \ _
aen,.n ro: , -
Fjrst Pederal Sa~ings d. loan /?ssoccat;or~T. LU C I E C 0 U NTY, FL . " - - =
RECOR~ VERfFIED ' • ' c ' t
Of Po~t P~erce. ATE ot FLORIDA et tAK(iE
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Fat Pierce, Florida NQTARY PllBLIC, S? , _
MY CONNISSION El(PIRES MR 24. 196q
AU6 Z P!d Z : 47 • ;,}~~c, ~ ~
14'7350
:0.~~"r. "UITR4S
CIERK CIRCUIT COURT
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: aoox 151 553 ~ ;
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