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3. To pl~ca ~nd aontinuously kNp on tM bvil~nps now a hK~aftK wtwN a+ said Iand snd on ~II ~quip~M ~nd pKwn~lly cownd b~? tN~ inaq~
p~. ~wiTh all p«niu~ tMrwn paid in full, fin irow~nc~ in tlw uswl ~randard PdkY hrn~, N• tun+ appowd bY M+e MORTGAGEE. ~nd wind~tona
fnsw«+a in tM wu+l sund~.d policy fani, t~ • sum ~pp.oved by NN 1NOrtTGAGEE. ln such comp~ny a companiw a the MORTGAGEE m+r
d~rectt ~nd aM fin and windtwnn insw~nce policiea on ~ny of kid buildinp~„ any int~r~st thK~in or p~rt th~rsof. in tM apprep+~~ swn ~fonwid a
M~ac~ tMnof. sMll oont~ tM usval u~ndard mwt~ap~~ clavs~ w s~ch otlia davs~ a tM Maps~ m+y ?~quin. n++ki~p tF~ ~oss ue~tl~~ qid PdF
ds+. wch ~nd ~vwy. WYab1e a said I~10RTGAGEE as in i~teres~ m~Y +PP~+~. snd each ~nd ev~ry wd~ policy sh~ll b~ p~ompfly ass;~ned and +ulivesed w
~ny h~ld by s~W JNORiGAGEE ~s fu~thM secvrity w s~fd mort~+y~ debt. ~nd, not ka tlw~ tM (10) dap tn ~dv~na of tM ~xpirat:on of ~ach polky, to d?
~ Ilw. w uW MORTW?GEE • nnewal ~ha~ot. rop~dw wirh a rec~ipt for tM praniun~ of wd~ ru~ew~y and H+K~ sh+ll i» no fu~ w windstam inwrana
pl~ud on whr of ~aid buildwga, any imerat tMr~in a put tF~e.eof. unless in tl» fwm and w~th tFr loss p+y~bl~ u~fw~saidr end i~+ 1M ~vent ~ny sum
of mwwp b~cpnM payaW~ und~. wd~ potiey or polkies said MORiGAGEE sl+all haw rM op~an ro.saiw a~d apply tln s+m~ on ~aov~t of tM ird~bre~
~»~s s~ow~d h~r~b~r a b p~tmit s~id MORTGAGORS ro nuiw uid us~ h a a~y parl thereof fw orher pwposes, wi~hout thereb~ waivinp a anpaln
inp anr p~ity, li~n or riphl w~d~r a by virtw of tF~a morrpap~t and in tM ~wat said MORTGAGORS iMll fw +~+y ~~ason f~il ro ke~p tFK s+id pnmises w
i,uund, a. f~il b ddivt~ P~~+~Mh +~Y of uid polici~s of imwana ro aid MORTGI?GEE. w f,~~ a~~~N b ar ~,~~y •~y P?.m~ the..fw o~ in any
nsp~ct f~il b pe~fwel, diu~w~. ~xecut~ ~ff~N. oompt~b, oomply with ~nd abid~ by Nw cownant, or ~ny pat har~of, said MORTGAGEE m+y plaoe ~nd
p+r fo. wd~ M~w~no? a aMr p~rt tMr~of withoW waivii+p a ~ff~ctinp anY optioo, li~n, puiry, w ripht wdK a by virtw of thii Mort9+p~. and tM
fuil rrwu~~t oi sad? and ~v~y tuch paymMt sMll b~ imnsdiatdy dw and piyabb and ahall M+r inter~st iran tM d~t~ ther~of w~til paid at tM raq ot
nin~ pK aaNun? p~r anwm and toyetMr with wch interest thall bs s~cwed by th~ IiM of thu mat~+pe.
4. To p~rmil, aonr~t o? wifa ~o wast~, hnpitrment or datKio~~tion of said property a sny put therwf.
S. To p~r ~11 and sinputar th~ cwts, cMrp~s ~nd e:pen~es, includH+~ s ~easorubl~ attorney's fe~ ~nd cost~ of abat.scts of title. incwr~d a patd at
any tien~ by uW MORTQAGEE, b~ewK a in th~ ~wnt of tM fsilurs on tM put of th~ said MORTCsAGOR to doly. prompty ~nd fvlly pafam, dixiwrpR
~xecwq ~ffW. aomPl~q. oomplY with aed ~bids by tach ~rd ev~ry th~ ~tipula~'ont. ayre~me^ts. conditianf. and oown+~n of said promisso~y rat~ and tFw
mortpap~ any or ~itFw. ~nd s~id oosn. d~arpes and ~xpenses, aach and ~wry, ahall be imm~diatey dw and payabl~s whe~her w not tFw~ b~ ~.otia dr
mand. ~thn~pl w oolbct a wit pe~xGn~~ and th~ full anaunt of each and ~very uxh p~yment ~hall bear interest from the dat~ tMrsof ~ntil p~id at tl?e
rate oi ~1~ ptr Cn?tu~en pvi anrwm; u~d all wid cwts, chuyes ~nd expenses incwrsd a p~id, topether with such intaast, sMll b~ wtur~d by tM ii~n of tha
6. T1wt in th~ w~nt of any br~ach of this Mwqap~ or defwlt a? th~ put of ths MORTGAGOR, o? (b) ln tM want any of ~aid wms of money
nentn r~fKnd w b~ not pomptly an~ fuly paid wi~hin thirty (30) days next after the ssm~ severalfy becam dw a~d p~yable. wi~Faut d~m+nd or notice.
or (c) M Ih~ ~v~nt ~ad~ ~nd ewry th~ stipulat~ons, a9reemsnts, conditiora snd coveew~M of s+~d pranis~wy ~ot~ ~nd th~s mortpape any a eftha ~rs nW
iu1y, proenptlr and fuly p~rfwmed, dixMryed, execvted, ~ffected. compkted. compl~ed with and ~bided by. tMn in ~itlw~ w a~y such w~nt th~ s~id ~ fi
prepat~ wm m~ntionad in said promissory rqte then remaininp unpaid, with intere~t ~cvued, u~d atl mawys s~c~red. Mr~by. sh~ll beoonw dw and pay-
•bl• forthwitA, w therNft~p ~t th~ option of said MORTGAGEE, u fvlly and compl~tely ~s if all of ~he ssid sunn of money wer~ oripin~lly st7pvl~ted
ro bt paid on wd? dsY. aeythieg in sa;d promissory note or in thh M«tyaye to rhs contrary notwirhsundinp; ~nd therwpa? or thereahar af the optan of
•.id MORTt3AGEE, without ~aric~ a demand, wh at I~w or in equity, tMrafwe a tAareaftK b~rn, may b~ prosecut~d as if all ma»ys s~cund l~r~by
Md matw~d prior to iU iratitution.
7. That In tM rvent tAat at the begirtninp of or ~t any tim~ penc!'inp ~ny wit upon this Mort~ap~, w to foreclos~ h, w to refwra it, a to enfora
paYmenl of any daGns h~r~under. aid MORTGAGfE sMll ~pply to the Coun having jurisd~ction thereof for th~ appointment of s Receiver, wd~ Court sh+ll
FortRwith appoint s nceiwr of sa~ mortpayad propKty atl snd sing~la, i~clud~eg atl ~nd sirgvlar the inoome, profits, luues ~nd rswn~es from whatewr
courn dviwd, ~ad~ ~nd ~very which, it be~np expressly understood, is hereby mortgaged u if ~pecific~lly se! f!+.~h and dewibed in thi ~r~ntinp and
hab~r~dwn clwa~s h~?eof, ~nd i~rch Recsiwr shall have sll tl+e brosd ~nd effectiva funct~or?s and powen in snywise entrusted by a Court tp a Receivs~. and
~uch sppointrt~t sMll be m~d~ by wch Cowt as an admined equity and a m~ner of •bsdute riqht ro s+id MORTGAGEE, and without r~fersnoe ro tF»
sdequacy a M~adeqwcy of 1M wlw of the p~operty mortga~ed or to the sowency w insolvency of uid MORTGAGOR a the defendants, aod t!?~t wch
renrs, profla, inowrr, iaws u~d ~evenues sha11 be applrod by sucA Receive~ accwdenp to tM tien or puity of s~id MORTGAGEE and the pscti~ af :•r~
Covrt.
8. To dvly, prompNy a~d fuly pe~fo~m, dischar~, execwe, effect, compkte. comply with a~d ~bide by tsch and ~wry tl+e stipulatio~a„ syraenwnts,
conditioro and oove~wMS in said promissory nots and this mortgsge sat fwth. ~
9. ihat in the ewnf the ownership of ths mortgsyed premises, a uiy p+rt thereof, beoomes vest~d in • psr~on othsr th~n the MORTGIIGOR, ths
MORTGAGEE, iri s~coesfors and suigns, m~y, witha?t ~otice to the MORTGAOR, deal with such sucussor ot futc~ssw in iMe?est witF? r~ferurct to this
mortpy~ and tM debt hereby secur~d in Me same mirw~er u with lYbrtgagor wilhout In u+y way vitiatirg or dixhary'ug the Mwt~spws' liability h~rr
under or ~pon th~ dcbt hereby secured. No ssle of the premixs hereby rtwng~ged ~nd no forbear~nca on th~ part of th~. MORTGAGEE a i» svocessors
o. suigns and no eatension of the time fw the payment of the dcbt hereby secured 9ivan by the MORiGAGEE a in sucussors or assig% sMll op~rat~
ro rdeak, d'isdwr~e, modify dunpe w affect the original liab~l~ty of the MORTGAGOR herein, either in whole a M put.
10. It is s~ecifically agreed that time is of the essence of tha contract ~nd thst no waiver o! ~ny obl'qation tarwnder w of ths oblip~tion sr
cvred F~eby shall at any fims there~fter be held to be ~ waiver of the terms herwf or of the instrumant secvr~d herby.
I1_ In eddition to the foregoirg monfhly psy~r:ents of princ:pal and 'wterest requiral by the p?anissory nole secwed hereby, mortpagor cov~nanb
and ayr~es to p~y to mortgagee with each monfhly paymcM an addirional sum estimated by mwtg~gee to b~ eqwt fo 1/12 of the annwl cost of the follow-
iny:
A-/UI real properfy taxes kwied or assessed against the above dewibed real estate.
B-Premiurro on fire and windstorm i~swance as htrein requ~red fo be urried on the 7mprovemsnts s~tuate on ths above descr~ed premi~.
C-Premivmt on wch mwtgsge gwranty insurs~ce as malgsgee shatl from time to time deem fit to urry on the loan setured hereby.
Nb?tyapee shall from time ro time noh;v mortgagor in writing of the amount d~e and payabte hereunder ~nd ~uch sum shsll thereupon be due and ;
payable on the due date of tl?e next monthly ~ayment and each successive moo~h thereafter until mwtgsgee shall ratify mortgagor of ~ chsrge Fn tuch ~
'I 8'710URt. SNCI1 jY(Ilf thall be spplied by mortgsgee towsrd the payment of real prop~rty taxes, imurance prem:wns, and mwt9sge 9wr~nty imuru~c~
f premiumt.
~ IN WITNESS WHEREOf, the ssid MORTGAGOR hu h~eunto set his hand snd seal tha dsy and r fint aforetaid.
~ S~a ed i the praence of: ~
~ {
~ - rc.,q i
~ K--n
~ STATf OF fIORIDA
courm oF St _ Lucie ~
~ e.fore m. pe,.on.~~y.pp.,.ea Joe Allen
~ M n. A 7 1 A l l e Yl his wHe, ro me well known u~d known to m~ ro b~ •
rhe individwb d~scrib~d in u~d who t:ecuted fhe fwe9oinp instnxnam, and aduwwkdged befaro m~ that they exswted tM sar~ for th~ qerpw~s
~ ?r~,~;~ .~.„..a. Ma Manzell Allen
wife of the said JO@ Allen vpon a sep~r~te ~nd prn~~
~ exam7nataw by mt taken separate and apart from her s~id husb+nd, adu~owledped to ~nd before rt~e tMt sMe execvted ssid ir?strument freely and volu~ '
tarily and witf~ou~ ~ry oompuban, constraint, ~pprel~r~ior~r fw of a from he~ wd I~rsb~r~d. ~
~ WITNESS my hsnd and official seal thii f.P d~y of s t A. D. ~q 66
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~ Notary Pir in u~d fw tbe State of Fbrida at Lu~
FIlEO AN6 REEOR8E0
Retvm Ta s~. LUCIE CBUNTY, FLA.
~ Fint F~deral Savinps i losn Aswciafion R~CORD VERIFIEO ~?Y Publlc - }
Of Forr p;~tca. ,~late Of rlorid~ at Cetire
~ /J~ MY Commistion Expir~s Aug. 6, 1967
Forrti(yKCa~Hplid+ f~~ ,onded By American Surery Co_ o} N Y.
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~'v~::` '66 AUG I 8 PN 3: 0 4
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';;r~: ~~U B ~~f, ; ~ SIERK CIRCUIT COURT
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