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To plao~ ~nd oontiiwiously kep on ~h~ buildi~p~ now or Mr~aftN situ~t~ on said I~nd ~nd on ~II pvipmnt ~nd p~nayily townd by this +naq~
pa, witA ~II pemiwm thKeon p+id in f~ll, fin ie?wrant~ in tM uwal sr~nd~rd policy faen, in • sun~ approvd b1? ~M MORTGAGEE. and wir~dttwrn
~ imur~nc~ in tIN uwal sqnda?d polity fo~n4 in • wi+n +pprowd by 1M MORTGAGfE, in such tomp~nY a ton+pa~NS as tM MORTG/WEE n?~Y
dirMt and all fk~ aod wi~d?arm inwr~nu polki~s on any of ~aid buildinps, +nY Intenst tlwsin or put tMrwf, in tM ~pp~p~h w~n afan~aid or
u
In ~xcesa ~henof, shall conain tM viwl sundud mort9a~ee cl~us~ or svch aM. daus. as ~M Maro+ps. m+Y rwu~n. m+kinp th~ losi wd~ said pdE
us~. ~ach ~nd ~wry. paYabl~ w s~id MORTGAGEE ~s ib interest m~y ~ppsar. uKl ~+ch and ~very iuch pol~cy sMll b~ promptly ~ss:~ned ~nd dNivKed ro
~ny MW bp ~id JNORTGAGEE as furthtr stturiy to s~id matpsy~ dsbt. ~nd, not I~u than ten (10) dayt in advanct of tM ~xpir~tio~ of ~ach policy. ro d~
I~var to wid MORTGAGEE a rn+swal the~~of, topetFar with a rx~ipt for 1M p~emiwn of wch r~w~lj and tha~ sh~ll b~ no f'a~ o~ w~^ds~am ~sw+^~~
placad on ~ny of s~W b~ildirgs. ~ny ioterest ther~io w put thtreof, unleu in ~h~ form and with ~M bss p~yabl~ as ~fw~saids +~d in the ~v~nt My wen
of inexwy bacwn~~ pay+bl~ wKler tucl+ policy a Pol~cies siid MORTGAGEE ihall haw tM option to recsiw and ~pply ths s~m~ on +cca+nt ot tl+~ ind~bted~
nezs ~cw~d Fw~by p 1o permit said MORTGAGORS ro receiw and us~ N a sny part thereof Iw other pwposes, without thaeb~ waivi~~ w impair-
iny anY pu;tr. li~n o~ rght w+de~ o? by virtw of this mortyspet and i~ tM weeu wid lNORTGAGORS shall ta ~ny ?~asa? fail ro keep ~M said pr.mises sa
inw~ed, or fail 1o dttiver p omptly any of said polit~es oi ie~swu?c~ ro Nid MORTGAGEE, or iail promptly to piy fully u?y premiwn tMttfw w in u?y
r~~pect fail b pKfw~, dischupe. ~x~cutt, ~ffect, compl~te, comply with u~d ~bid~ by this oovaea^t, or any put M?wf, said MORTGAGEE m+y pi~u +nd
paY for wch inwranu or ~ny p+rt thKeof without waivinp a ~ffectlrg anr option, li~n, puity. or right urKl~r a by virtw of this Matps~e. ~nd tM
full aenount of each ~+d every suth payment thall b~ imnediately dw u~d Wyabl~ ~nd al~sll beu int~rnt from tM dah tMreof until paid at tM raN of
nine pK untum p~t a~rwm and together with such interost sh~ll be secv~ed by tM Iwn of this mort~+p~.
To pKmit, oommit or wffar ew w~sN. bnpaGment or deterioration of wid propKry w~mr p+rt therwf.
S. To pay alt and sinyulu ths cos», ch~rpes ~nd expenu~, incl~d'ug a reasonable attorney's fe~ snd cosn of ~bstr~cts of title, tncwred w paid ~t
any tirn~ bp s~id MORI('sAGE~. because a in the ~vem oi tne iaiiwe on ine d ii~a s:w: ::.~8~~ :Gr~ :a p:..::.;::~; ; ~a'"#."".
•xecut~. ~ffed. compl~te. complY with and ~bide by ~~ch ~nd every the stipulstio~?~, ap~eements, conditia+s, and cown~nb of said promissory note u~d thu
r--__ w;.. r;.~;, ~.y, .1.,.~... .,,.1 ..;~.++w, .~cl. and .wrv. ~hall tmn~diately d~?e u~d P+Y+bNs whe~Mr a not ~hsr~ b~ r.otia dr
r-.- ,
mand, ~mmp~ ro co~kn w suit pend~nyi and the fvll arnouM of each and wery svch payment ih+ll bear interest from the d~~s t?w uM p~ +
rate of nlrw per centum per arnwm; and all said cotts, charges ~nd expenses irKVrnd ot p+id. ttqe~her with such Int~re~t, shall b~ s~tv~~d by the liw+ of thu
morty+yw
6. 1'Mt (a) in tM ev~nt of any b~each of this Mortpap~ or defwlt on the part of the JNORTGAGOR, or (b) in tM ~veM ~nY of aid awns of maMy
har~In referred to be not promptly and fully paid within thirry (30) days next afta the same severally become dw u+d p+y+ble. wUhouf d~n++^d o~ ^utice,
or (c) t~ tM wenf each ar~d every the stiputations, sgreements, conditions a-n+d coven+nts of s~~d promissory not~ and th~s mort9ap~ +Mr a either ~n not
~uiy. PromPriy and iuiiy pertormeii. d~xnargeri, execu~rd, etiec~ed~ CO~TipiQteY, ci~~.p::~i ~:ith a::~ a~:~e~ ~y. t~n €rt s's*!~r or aRy t+x~ eveRt tl~. ..:d ~
p.egat~ sum mentioosd in ssid p~omissory note then remai~irg unpaid, with interest acuued. and all moneys secur~d. her~by. shall batom~ dw and p+y~
ab!• forthwith, or theresfter, ~t the option of said MORTGAGEE, ss fully and comp~etely as if all of the said wms of ma~ty were orqin~lly stipul~ted +
to bs paid on such day, anythinp in ssid promissay note or in thia Mortys9e to tla contr~ry notwitMt~~dinp; ~nd therwpon a there~har at tM option of ;
•aid N10RTGAGEE, without notic~ or demaod, suit at I~w o~ in puity, therefws w thereafter bepw4 en~y be p~wacuttd u if ~II maays ~eair~d Ix~eby
hed matund pr'wr to ~n i~?s~~wnon.
,
7. TMt k+ th~ event thst ~t the beginning of or ~t any time pending any wit upon this Mortga~, w to fo?sdok M, w 10 ~efwm tL or to enfo?c~ ;
paymem of ~ny daims hereu~der, said MORTGAGEE shall apply to the Ca?rt hsving jurisdictan thereof fw tlw appantmeot of ~ Receivar, wch Gow1 sh+ll
Forthwith appoint s receiver of sa' mwtgsged property all and sin9vlsr, includ~ng all ar+d singular the inoorM, profits, issues ~nd rewmres from whstwer
wurce daived, each ~nd every o~whKh, it be~ng expressly unders~ood, is hereby mortgaged u if spec~fically xt fwth and described i~ thi prantirp ~nd ~
hebend~m cla~nes hereof, and sucA Receivsr shall have all the broad and effettive functions +~d powers in anywise enttusted by ~ Covrt fp ~ Reteiver, ~nd
•uch appointmtnt shall be made by wch Court as ~n admitted equity snd a m~ner of ~bsolute rght ro ~aid MORTGAGEE, ~nd without referax~ to t1+~
adequscy a inadequacy of the value of the property mw?gaged o~ to the sotventy w insolv~ncy of said MORTGAGOR or ths defe~d~nn, ae~d that such
renrs, profits, income, iswes and revenues shall be applied by such Receiver accwdinp to tM li~n or pvity of ~aid IIhORTGAGEE and tM p~actia of such
Couet.
8. To duly, pranPtly and fvlly perform, d~scharqe, execute, effect, complete, oomply with ~nd abid~ by ssch u~d ~very fhs stipubYions, ~yrsem~nri.
co~ditans and coven+nn in said p?omissory note end fhis mwtgsge set fath. '
9. That tn ths evenf the owrKrship of the mortgsped premixs, w sny psrt thereof, bec«nes vest~d in a pKwn other thsn 1M MORTCsAGOR, th~
MORTGAGEE, its succcssors snd euigm, may, witlwut notice to the MORTGAOR, deal with such succeuw o? iucc~sso? in intereat with n(era~u ro this
mortga~e ~nd the debt hereby secured in the same mann~r as with Mortgagw without in any way vit~atin~ w discM?ying the Nlortq+gws' liability her~-
under or upon the debt Mereby secured. No sale of the prem7xs hereby mortgaged ~nd no fwbe~ranoe on the put of the N10RTGAGEE w i» suctesson
or essigns and no extension of the time for the payment of the debt hereby sec~red yiwn by the MOkTGAGEE w its succtsson or +ssigns, shdl op~rat~
ro retease, disclwrye, modify change w affect the orginal IiabJiry of the MORTGAGOR herein, eithcr in whole a in put.
10. It is spetificatly agreed that time is of the essence of this contratt and tMt no w~iver of any obl'~~tan herevnder or of th~ obliyation sa
cured hareby shall at any time thtreaher be held ro be a waiver of the terms hereof w of the initrument secur~d herby. ~
11. In addition to the fwego:ng monthly payments of princ'pa) snd interest required by the promiswry no?e secured hereby, mortysgor cownsnf~ j
and ~gree~ to pay to mortgsgee with exh monthly payment ao addi~ional sum estimat~d by mo?tgagce to be equal to 1/12 of the snnual cost of the fdlow-
ing:
A-All ~eal property taxes levied w assessed against the above deuribed resl estate.
B-Premiums on fire snd windstwm i~surance as herein requ~red to be prried on the improvemenb situate on the ~bove dewibed premises.
C-Premiums on such mortgage guaranty insurarce as morfgagee shall from time fo time deem fit to carry on the ban secured hereby.
Mortgsgee shall from time to time notify mwtgagor in writing of the amount due and payabk hertunde~ ~nd suth wm shall thereupon be dtre and
payable on the due date of the next monthly payment and each successive month thereafter ur.til mortgagee shsll notify mortgagor of a change in such
amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, irowance prcm:ums, snd mortgage yuaranTy inwranct
premiums.
~ IN WIiNE55 W~REOF, the aid MO TGAGOR has hereunto set his hand and seal the day and year 4~'rst aforesaid.
~Si ned, Seak d E~v in C~~~esence of: ~ i/~~j~'u-~
r es~•n
, ~
\ ~ c~ c~-~o
STATE OF FLORIDA ~
St. Lucie
couNn oF
Befwe me penonslly appeared $f1fl11791 $t+Q{~iTl and
TRnvP~thAl Rrc)T.m ha wife, to me we~1 known and known fo me ro b. ~
the individwis desvibed in and who executed the foregoing instrument, and acknowledged before me that tF~ey executed Ihe wme fw tM pwposes
therein .~.~.~a. n~a r~ ..~a Jenyethel Brown 1
wife of ths said .S' a11'iLB~ BY'OWI'1 - ~on a sep~rate ~nd privat~ i
e,camination by me taken uparate and apart from her ssid husband, adcrawledged to and befors me ttat she executed siid instrument freely and votun~
rarfly end witF~o~rt ~ny compuban, constraiM, appreh o/tor fear of w from her ssld husb~nd.
WITNE55 my hand and offitisl seal thi !~i day of BL'- A. 0. 19~
• Not+ry Pu in and for the Stste of Florida at Lary~ ~
My ion ~xpires: ~
Retum Ta. .~.N'~'„' t:
Finf Federsl Sav7ngs a tosn Aswtiation ';:~•~•1~t:ti... Notary PubNc, Stat~ of Forida at large
Of Fon P~erce. ~\;1 ' Wly Comm=ssion Exp:res f~ug• 6of N6Y.
~ < Amencan Sufety Co-
Fort Pierce. Flaida ~
Jta~~~~•••••••,. T?nnded 6Y
`
. = ; ~';Y FILED AND RECQRDED
~ ~ r~ . • : ~ _ ' ST. LUCIE COUNTY. FLA.
, . p. / ~ ; RECORr_1 VERI IEO
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