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3. To p:.:~ •~xi w:~~~~~3ly 4_e~p cw, ~he lx:~d~nga now a Mr~aftK sitvat~ on said I~nd tnd on ati puipr~q ~nd p~rwn~lly co~K~d by this nwNp' ~
~g~, with all p~miums the~son p+id in full, fir~ insuranc~ in tM uswt sundard policy forn~, in • sum approwd by tla MORiGAGEE. and windslorm i
~nsuranq in tht uswl s~u+dard pol~cy fa~n, in a iwn ipprov~d by tM MORTGAGEE, in ~uch canpany or oa~an?~a +s tl» MORTGAGEE in+y
d~.ecr, ~nd all fu~ and wind~arm insur~nc~ potK~es on ~ny of Ni1I bVll~~ Nly If1iNMt t~Nfflfl Of ~~i IIMf~Of, in tl» yp~paN w~n ~fornaid w
in ~xua thK~ot, shall cont~i~ tM uswl standard mor~gage~ cla~s~ or such othK claw~ ~s fM Mat9a~ may rpu'ut. m+kinp iM Iws ur+dK s+id pdF
cies. each and ewtY. WY~bI~ ro said MORTGAGEE as its intereit maY appN~. ~nd Nth atd ~~e~i stKh policy shall b~ promptly us:~n~d u~d d~livN~d te
eny held by s+id MORTGAGEE ~s further seturiry to said mwtyay~ debt, ~nd, no1 te» thu+ tM (10) days in +dv~nce of th~ ~xpv~tion of ~ad~ policy, fo d~
I~ver to s+id MORTGAGEE a rsnewal thereof, Iope~Mr with a receipt fw the premivm ot tuch renswal; and tF+K~ iMll b~ no fin w windstam inwranc~ j
ptaced on ~ny of taid buildirgs. ~ny iMerest thaein or p~rt Ihereo(, unleu io tM form and with tM lou p+ysbla u sfwssaidt and M tM ~vMt s+~y wn~ t
of mon~y becorn~t payabl~ ~~da such policy a polici~s s+id MORTGAGEE sh~ll Mw tM optan ro receiv~ u~d apply th~ sams on acco~nt of tM ind~bted- {
ness secured h~reby o~ w perm~t said MORTGAGORS Io receiv~ and ust it p any put thereof for othe~ purpotas, wilhoul Ihaeb~ waivinp a~mpai~• `
infl any puiry, ~ien or ri9ht ~r+der or by v~~tve of this mo:lgs~e; ~nd in tM ~vem s+id MORTGAGORS ~11 fa any nawn fail ro keep ~M s~id p«n+ises so ~
~r.sured, w fail to deliver ptomptly ~ny of said policies of inw~~nte to aid MORTGAGEE, a fail ptomptly fo pay h?Ily ~ny premium tMr~fo~ p in a~~ +
respect fail to p~rfam, dischar~e, execvte. ~ffed, complete. comply wl~h and abid~ by this oovawnt, o~ any part htr~of, ssid MORTGAGEE inay pl~cv ~nd
pay fo~ such insu.ance or any put the.eof wi~hout w~iv'uq or affectinp any option, Ikn, puiry. a ripht vr?da or by vinw of this Mo?tqap~, and tM ~
full smovnt of each and every tuch payment shall be tmmediately dw snd payable and ahall b~ar int~r~u from tM dab tMraof vntil paid at tM raM of
n~r.e per ccntum per annum and togNhe~ with iuch interest shall be secvred by tM IiM of this mott~ap~.
i
a. To permit, commit or suffa no w~s1e, imp+irment o~ deter~otstan of said property or ~ny p~rt the?~of.
S. To pay ~II ~nd singula tM cosa, chuqe~ and expensK, indudirg a r~a~ona~l~ ~ttwney i fN ~nd oosri of ab~tract~ of titl~, incwr~d w paid tl ~
any tim~ by sawl MORTGAGEE, because a in the went of the failwe on tM pan of tlw said MORTGAGOR to duly, promptFp and fvlly p~rform, d'acM~pR
exec~te, effecr, comple~e, comply wi~h and ab~de by each and every rhe sripulations, ayreeme~ts, tondition~„ and oownanb of s~id ptaniswry not~ and tbi~
morrgaye ~ny w e~ther. and sa~d cosn. cMr9ea ~nd expenses. ~ach and every, sh~ll b~ knn+~diat~ly due +nd pay~bl~s wMthN or not tAK~ b~ notiu d~
mand, attempt to colktl or svit pend~ny; and the full amo~M of esch u~d ev~ry such payment th~ll bea interql fran tM date tMno1 until p~id ~t fM
r~re o( ni~e pe~ ccntum per an~wm; and all said costs, charges and exp~nses incurred w paid, togNhar with suth IntetNt, ahall b~ aKUr~d by tM litn of th4
mOft9i~f. '
b. Th~1 (a) in the event of a~y bre~ch of thK Mortgage w defaul~ on the psrt of ~he MORT('iAGOR, a(b) in tM ~w~+t any of u~d wms of nan~y ~
herein reFerred to be not promptly and fully psid within thirty (30) days next aftcr the ~ame seve?alty b~cam dw ~nd paysbl~, withovt d~mand o~ notlt~,
or (c) in the event exh ~nd every the stipulations, agreem~nn, condi~ions and cw~en~nn of s~~d promissory note ~nd this enorpp~ any a NtMr ue nol '
iuly, prompHy and ivlly performed. discharged, executed. effected. compl~ted, complied with and abided by. tFwa in ~itMr or any such ~wnt tM said p~
gregate sum mentio~ed in said promissory note then remaining ~npaid, with interest ~tuued, and all moewy~ MNr~d. Mr~by, shal) blooa?~ dw ~nd pap
abie fathwith, Of 1F1lfNI~K~ at the option of iaid MORTGAGEE, as fully and tompletely si i( all of the wid swns of ~ran~y wer~ aiplnally atipulated
to be paid on such day. anything ~n sa~~f prom~ssory noie or in this Matgaye to tM contrsry notwithstandinp: and fhKwpon w the~~+h~? ~I t!N option of
se~d MORTGAGEE, without notice or demand, wit at law a in equ~ty, there~we or tF?e~eaftp b~y~re?, m~r b~ pnwstvt~d a~ if aU moMy~ Nwnd hthby
had matured prwr to its institution.
7. That in the event that ~t ti~e beginning of or ~t any time pending any wit upon this Mo~t~a~, o~ to ~w~Clos~ h, w fo r~fOrm h, Ot to ~nforq
payment of any daims he.eunder, said M.ORTGAGEE shatl apply to the Court having jurisd~ion ~her~of for tM appointm~nt of ~ R~ceiwr, wch CouN sMll ~
forthwith appoint s receiver of saij! mortgaged property all and singvlar, intlvd~rg all ~nd sinpulir th~ intorM, profits, IstuN ~nd nwnw~ ftOm what~vN
so~~ce derived, each and every of wh~ch, it beinp expressly unders~ood, is hereby mwtgaged as if sp~c~(ically wt fa~h ~nd d~wtb~d In thi pra~iinp and
habendum dauxs hereof, ~nd such Rece~ver shall have all ~he b.wd and effeuive fund~ons +nd pow~n ln anywip Mtrust~d by ~ Govn ty ~ R~uiwr, and
~cch appointment shall be made by such Court ~s an admitted equity ~nd ~ maltet of sbsolW~ riyhl fo Mid MORTGAGEE. ~nd withouf nf~nnq to tM
adequrcy or inadequacy of tM v~lue of the property mo.tg~ged w to the soNency a insolvtnty of Nid MORTGAGOR a tM d~f~ndann, and fhN suth
re~n, profin, income, iuues and ~evenues shall be applied by such Receiver accordinp to th~ lien or puiry of wid MORTGAGEE and Nw prattia of wch
Court. "
B. To duly, promptly and fully perfwm, dixharge, execute, effect, complete, tomply with and abide by tach u~d ~wry tM stipulations, p~NiMnt~,
cond~tiom and covenants in said promissory note and this mortgage set fwth. '
9. That i~ the event the ownership of the mwtga~ed premises, a uiy part thereof, beoanes vest~d in • p~non other th~n th~ MORTGAGOR, th~
MORTGAGEE, iri suctessors and asaigns, msy, without notice fo the MORTGAOR, de~) with tuch suot~s~or ot ~f~ot in int~~qt with nfH~na to thq
mo+tgage and the debt hereby sttured in the ssme manner as with Mwtgagor without in aey way vitiatinp o~ diathar~itg th~ Mortq~pOrs' Ilability htt?
~nder w upon the debt hereby secured. No sate of the Fremixs hereby mwtgsgcs! ~nd oo fabearanu on tFw put o( tM MORTGAGEE w If~ t~atswn
or assigns and no extens~on of the lime for the payment of the debt hereby sec~red yiven by the MORTGAGEE or iri svcotsson or assipM, ah~ll oper~t~
ro retease, diuharge, modify thange or affect thc original liability of the MORTGAGOR her~in, either in whob w In p~rt.
10. It is speNfically agreed that time is of the essence of this contract ~nd thst no waiv~r of ~ny oblpation Mrwnder w of iM Oblip~tipn N-
c~rrd hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument ~ecund I~by.
1 I. (n add~tion to the forego:~ monthly payments of princ'pal and interest required by the promisfory rate -fetvred hereby, morf9apor tovNUnt~
z,~:d agree~ to pay to mortgagee with each mo~thly payrnent an addirionsl sum est~mated by mortgagee to b~ eqwl t0 1/12 of tM ~nnu~l to~t of th~ fdlow-
~~g:
A-All real property taxrs leried or assessed againsf the above dexribed real estate.
B-Premiums on fire and windstwm insurance as herein requ~red to be carried on the improvementt situ~t~ on ihe abov~ d~Wibld pnenif~t.
C-Premiums on such mortgage guaranty insurance as mortgagee shsll from time to time deem fit to carry on the ban secur~d Mr~br.
Mortgagee shall from time to t~me notify mo~tgagor ~n wr~ring of the amount due and payabk hereunder ~nd such wm tM~l th~rwpon b~ dw and
~~i Fayable on the due date of the next monthly payment and each successive month thereaffer _until mwtyagee thal) nofify mottgagor of a thanp~ In such
i s~~~ou~t. Such sums shall be applied by mortgagee roward tlx payment of real property taxes, insurance p~em:ums, and matpape quu~nfy intw~nu ;
~ p-emEums. t
~ IN WITNE55 WHEREOf, the ssid MORTGAGOR h+s hereunto set his hand and seal the day and y~ar fint aforsuid. !
~ ' ned. I and de ' ed ' presence of: i
_ ' ~n ~
_ q
n
n..~
SiATE OF FIORIDA ~
cou~rir oF St. Lucie ~
~fae ,~a,~a A lf re d F. We 11 ing ,,,d
F vg.,~ F~ W A 1 1 i ng his wNe, to me well krawn and known to m~ to b~
the individuals described i~ and who eaecuted the fwegoirg instrurr~t, and ~ckrwwledped befwe rn~ that thsy exewted the ssme for tht purposes
,~a,e;,, exw~. a,d f~ ~;a Eva lyn F. We l ling
,~;fe o, ,he ~a~d Alfred F. WellinR - ,„p~„, ~p,,,t, P,~„»
exam~natwn by me taken sepsrate and apart from her said husband, ackrwwkdged to and befwe rr~ that ahe exetuted said instrumcnt freelr snd volvn-
rar~ly and without any compvlsion, constraint, ~pprehension, or ear of or from her said Iwsband.
WITNESS my hand and official seai this day of 8 t mber A, p, 19 66
_ ~j. ~ ~7`~, ~/1_~~ -
/ Notary P~bi~c {n snd for the Sfsfe of Fbrid~ at Lu~e
My C~onrnission ~~cpins:
Retum To: . ,~s ittN~tt!:!:ttt•f~ -
First feder~l Savingt b loan Association ! (Z - • . ~ ~fj_ ~ f~~ ~ ~
1.iy ~o.w~issio• E:pra Se~, 23 19iO
Of iorf P~erce. : - t _ ~1
Fort Piercq Florida ~,Y :.7` ~j~ M~Mr b A~icw fia i Cwdiy C~, ,
_ t, v
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- r. . ~ ` ~ ~ fILED AND RE
O~ J_ _ ST. LUCIE COUNTY. FI.q.
~ ~ J ; RECORD VERIFIED
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'~rl~ e ' ~ ~ ~ - 1486$~
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. " '66 SEP 6 AM 10 : 49 :
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~ R 155 ~~~RK CIR UtT C
URT
600X
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