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To plan ~nd contiewiou~ly kNp on 1M buitdinps now w h~reafter tituafe on sa:d land u~d on ~II ~q~,ipawm ~nd pason~lly cownd by thh n+orW~ ,
p~, with dl pr~miwns tMna+ paid in tvll, (i~e IMU~~M~ in ususl s~andard policy form, in • sum ~pprowd by th~ NIORTGAGEE, and windstorm ;
fniwa~a In tM viwl s~andard policy fam, in • ~um ~pproved by tFw MORiGAGEE. in such canp+ny w canpania a tM MORTGAGEE m+y ~
d'u~clj u~d ~II fin ud windstam :~sur~nce policies on +ny of said build~nps, u.~ interest the~ein or paN tMrw1, in ~M ~g~sp~~~ wm ~fortsaid a .
In ~acris thK~of, aMll coMain ~M usual srandud margage~ dwu a such otha clauu ~s tM Mo~tyag~e may nqu'u~. m~kieg tM lou ue~de~ s+~d po~L.
c;a. ~ach and ~v~.y. paY~bl~ ~o s~id MORTGAGEE as ia intcreit r~n~y sppe~. +~d eacA a~d eve?y wch po11q ~MII b~ p~anptly +ss:pned ~nd dNivK~d ro
any Mld by s~ld MORTG/1GEE u fwtha s~turity to sa~d ma~yaqe debt, ~nd, not Iess thao ~en (10) days in advancs oi tM ~xpiration of sach polity. to dr_ ;
liv~r tp wid MORTGAGEE ~ r~Mwsl thtrwf, to~etF~N with • reteipt fa the p~emium of tuth reMwal; and the~~ shali be ~o fir~ or windstam Insvranc~ ~
pl~cd on am of iaid buiWinps. ~ny i~ter~it tMrein or p~rt thereof, unless in the form •nd with tht loss pay+bl~ a atw~said: and in tM ~v~nt any sum ~
of mor»y b~com~s piyabl~ u~ such policy a policies said MORTGAGEE shall h~ve ihe opt~on to rec~ive anJ apply tM s+mt on ~ccounl of tM ind~bted-
neu s~cvr~d h~t~by or ~o pKmit s~id N10RTGAGORS to r~teive +nd uu it p any part thereof for othcr purposes, without thereb/ waivi~~g o~ ~~+W~~•
inp ~ny qvity. IiM or ripht w~d~~ ar by v'utw of this mortya~e; ~nd in ~M event said MORTGAGORS shall fw ~ny reswn fail to ketp Ihe ~+id pr~mises so
~n~u~~d, w f~il b d~livN promptly ~~y of said polities of in~urar~c~ ro said MORTGAGEE. a fail promptly to p~y fvlly any premivm therefa w in anr
r~sp~ct fail b pKfwn4 discMr~. ~xecut~, ~ff~ct, compl~u, comply wi~h and abide by this covenant, w any par~ hcreof, ssid MORTGAGEE msy p~ac~ u+d
par fa wch toiwanc~ or ~ny part thKwf wirhout w~iviop or ~ffectinp any optan, lien. puity, w rpht undK w by virtw_af this Matysp~. ai+d the
full amo~nt of ~ach and ~vKy wd+ paym~nt shall be immediat~ly dw atid pyabb and shall bs~r int~resl f~om 1M dat~ thereof ~ntil psid ~1 th~ rat~ oi
~~~e pM untum pN annum ~~d toyetF+er with iuch ime.es~ sh+ll be secured by tl+~ lieo of this m«~9~ye.
4. To p~rmit, oommit o~ suff~r no wu», imp+irment p deterioration of said {xoperty o~ any part thcreof.
S. To pay all ~+d sinpular tM cosb, cMr~es u~d expenses, incl~?dinp a ressonable ~~taney i fee u~d costs of abitr~cts of title, incur~~d a p~id at
any tim~ by said MORTGAGEE, b~cs~?se w in tM ~vent of tAe failwe on the part of th~ said MORTGAGOR to duly, p~omptly ~nd fvlly perfonn, d"acMr9R
~xrcut~. ~ff~ct. oompkt~. oomply with and ~btde by ~ach ~nd every the stipula~ions, apreements, conditions, and ooven+nts of uid promissay not~ snd ~hii
mortyap~ ~nr ot ~ith~?, and said costs, cMr~s and expenses, each an~ every. sMll b~ immedutety due and p~y+ble; whether or not the?e be r.otice dr
mand, ~nempt to ooll~cl or suit p~nd~ngt u+d tM full ~mount of each and every such payment ~hall bear interes~ irom tM date the~eof until p~id ~1 the ;
rate of nin~ pK centwn p~r annum; and sll said costs, charpes and expenus incurred w paid. togethe~ with such interat, sh~ll b~ ucund by tM Ii~n of thu }
~ro+~ 3
6. That in tM ~wnt of any b~ach of this 1Nortyaye w defavlt on the psrt of the MORTGAGOR, a(b) in the ~vent ~ny of said ~ums of money ~
her~in r~f~rr~d to M nof p~omptly ~nd fully p~id within thirty (30) days ~eat airer the same xverally become due ~nd paysble. without demand or ~otice,
or (c) tn tht ~wM ~~cA and ~wry tA~ stipulatio~s ~greements, conditio~s and covensnn of ss~d p.omissory note ard th~s matpap~ u~y or either are no1
iu1y, proenptly and fvlly pKfwmed, d~icMrged, ~xecuted, effected, completed, compl~ed with and abided ~iy, ~h~n ie ~itMr w ~ny wch ~wnt tlw s~id ~
yrayat~ wm mtntio~d in s~id promisswy note then remaininy unpaid, with interest acuued, and all moneys setursd. hertby, shall betwne dw and p+y~
abl~ forthwith, a tMreafta, at tM optan of said MORTGAGEE, ~s fully ud comptetely as if •II of ~he sa~d sum~ of morwy were wpin~lly stipul~ted
to b~ p+id on such day. ~nythiiq in said p.omiuory note or in this Mortgage to ~he conrrsry notw~thstandinp; and rherwpon or ther~afta at the op(ion of
uid MORTCsAGEE, witlaut notiu w demand. wit at law w in equity. tI1!(lFO~Q OI tI~QfNIfN begun, may b~ prosecvt~d u if all moneys sewnd har~by
heii marw.d prior ~o ~n instiru~an.
7. That I~ tM ~vent th~t at tl+~ bayinning of w at any time pending any sutt upon tMs Mwtgap~, or to Wnclose it, or to nform it, w to ~r?fwp
paymtM of ~ny daims h~rwndtr, s+id MORTGAGEE shall spply to the Court having jurisd'utiw~ thereof fw th~ sppointme~t of a Receiver, such CouA sh+Il
forthwHh ~ppoint s rtuivK of si marfpayed prop~rty all snd singular, includ~ng all snd singular the intome, {uofits, issws and revenues from what~v~r
wurc~ daiwd, ~ath ~nd ~wry o~which, it beirg expreuly understood, is hereby mwtgaged ss if spec~fically xt forth and deu~ib~d In the qrantin~ ~nd
habendum ctauses her~of, uw! wch Receiwr sMll have alt the brwd and effective funct~ons and powers in anywise cntrusted by ~ Court tp • Reuiver, ~nd
~uch appolntm~nt shall b~ mad~ by such Caxt ~s sn sdmitted equity and a m+ttes o( absolute right to s+id MORTGAGEE. ~nd without referenc~ ro tM
adeqv~cy or i~adpwcy of rM wlw of the property mwtgaged w fo the sotver+cy or inwlvency oi sa~d MORiGAGOR a ihe defendann, and thal iuch
rent~, profib, intom~, issves and nvenve~ shall be applied by such Receiver stcording to the lien ot equity of s~id MORTGAGEE and the practit.~ of tuth
Cou?t.
8. To d~ly, promptly and fully p~rform, dischar~s, execute, effect, complete, comply with and sbide by euh ~nd svery ths stipulatia?s, aprt~ments,
conditioru and covenants in a+id promissory oote and this mortgage set fwth. ' , _
9. That in the event the ownership of the mortgs9ed premises, or my psrt tF?ereof, bccwnes vested in • p~rton other than the MORTGAGOR, th~ • ±
MORTGAGEE, in wcussora and ~ui9ns, may, without no~ice to the MORTGAOR, de~l wi~h such sucussor w sucuswr in interest with ref~rence to this ~
mortyp~ and tM debt hereby sec~red in tM sams m~nner as with Mortgagor w~thout in any way vit~atiny a d~sch~~ying the Mortyagon' li~bility hert ~
under or upon IM debt hereby secured. No sale of the premixs hereby mwtga9ed and no forbearsnc~ on the part of the N10RTGAGEE or in suaessors
or auipru and no extensan of the time fw the p~ymem of Ihe debt hereby secured piven by the MORTGAGEE a its ~ucceswn w sui9ns, shall oper+t~ ?
ro r~leau, dischuye, modify thange w affect the original Iiaoil~ty of the MORTGAGOR herein, eithe? in whole or in part. #
10. It ia spetifiully ~yreed that time is of the euence of this contract end th~t no waiver of any obligstion hereunder w of tla oblipation ~e- ~
cund Mr~by shall at any time therc~her bs held to be a wsiver of the terms hereof a of the instrument secured herby. ~
11. In addition to the fwego:ng monthly payments of p~inc'pal and interest required by the promissory note secured hereby, mortgsgor townanq +
and ~yrees to p~y to mortyagee with e~fhty payment an ~dd~rional sum estimafed by mortgagee to be equal b 1~12 of the annual tost of the follow-
~
ing: ~
A-All real property Uxes levied w assessed egainst thc above deuribed real estate. ~
B-Premiums on fira and windstorm insurance as Fxrein rcqu;red to be urried on the improvemenn situate on the above desuibed premises. i
C-Premiums on wch mortpay~ yuaranty insurarce as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. t
Mwty~gee shall from time to time notify mortgagor in w~iting of the amount due and payable hereunder snd such wm shall therevpon be due ~nd ;
pavabl~ on the due date of the next monthly payment and each successive mo~th thereafter ur.fil mortgagce shall notify mortgagor of a changs in such ~
amount. Such sums shsll bs a lied mort ee toward the y~+c~t of real property ta:es, insurance prem:ums, snd mortgage guar~nty insurance
PP bY 9+9 P+
premiwM.
~WITNESS WHEREOF, 1M ssid MORTGAGOR hs: herevnto set his hand and sesl the dey and e+r fint ataesaid.
j~ o.`.`n~,~~ iy~~ i.' presents of:
A ~
i ~ry ~
IL~~ ~
/ fSwa~ F
5 ATE OF FLORIOA ~ ~
St. Lucie ~ ~
couNn oF
Befwe me penonslly app~~rcd Ch,~rles B. Matthexs .,~a
Ethel M. MattheWS his wife, to me well known and krwwn to me to b~
the individ~als described in ~nd who exewted the foregoing instrument, and acknowledged before me that they executed the same fw the purpwes
,~~Q1f1 ~ ~ Ethel M. MattheK8
w~fe of tM ..~a ~ Charles B. MBttit19M8 ~ opon s sepa~ate and priv~ta
examin~tiw~ by me tsken separate and span from her said husband, ackrwwledged to and before me that she execvted said inswment freely and volun-
terily and witho~t u+y compubion, constraint, apprehensan, or fear of o~ from her said husbsnd.
WITNESS my hsnd ~nd official seal thi~ day of October p. 19 66
~ fl ~ ~ ~ti -
. ~ ary Public in ~~d iw the State of Fbrida at larpe
Return ta • ,``~~~~?s~t` , My Commiti~~ ,s~ ~ it ~qe ~
` ~ 1969
First Fed~nl Savinps 8 Lwn Astociation ~t`~ ~R;,.....,~ ~sjpa ExpjflS 23• 3
Of Forf Pierce_ , ` r~:..,. ~ ` ~ - . . M~M~ N fn ~ C•1'~' G•
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fprt Piate. Florida ~ • ~r , • ~
' ' ` : ~ ~ - ST~~E~ AM~ R ~
= • ~ :,yi< ~ • tUC1E Cp ECOROE ~
d', o~-~ . . RE~pR vUN'?Y. F~~ ~
~ ,y. ~,;2::: ERIF~EpLA. ~ ;
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4~42
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^ . 0 R C~~RK CIRCUtt COURT
~ BOOK 15~ PACE ~6U j
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