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1. To pls:~e a~d ca?t~woutly ?crp w, ~t,r t,~,~.ct.:+gs r.ow or Asr~ai~~ a:wa?c ae? u:d I~nd Md oR a!1 puip.wr ar+d penonalty cowrnd bil Nw ~uort~ ~
egs, w~~h ~il ~~en:~.,u ~hweon y~s1 .r. iv~L tK~ ir.s~~~~x• ,n rha u~wl •}•no+.3 pol~cy twn~, iw a win ~,pprwrsd b~l tM MOR1G.,6EE. sr~i w~ndNwr~
~~s~~.~a i~ d.i vswl uano+?rd ~.:,cy fo~m. ;n •.~m a~uowed by ~hs 1ulORTGAGiE, i» wch ccw~pa~y o~ aon+p~ni~s M tlr MIiO~TGAGEE ~r
~.r~t~ and all fa• ~~ld w~sp~sn ur~:ance pw.c,as oe? ~ny of s~id bw?da~ps, aey tuK~t1 tlwtiA w part t1+sr~oF. in th~ ~~pr~p+N w~a doni:~d w ~
ir. ~acus d+sr~of, sA~l) co~+~ain ~IK ~w+1 ua•:oao n+o~y,~ c~~us~ a tiucA ahN c1avN as ~l+~ Morqay~~ avy ?~W~n. a.dinp 1fr ic~s w~ N~d Po1i'
c:cs, cach iu+d ~wry. psy.bi~ ~o s~~d lM3QiGAGfE aa +ss ~:~~~,~s~ ma~ aypear. and each and ~wry arch pol~cy ai~all M pro~+pNy ~-prwd Md 4NirKtd to
any held ty u~d NORfGAGEE ~s ?unt~ sc;vr~ty ro :s~d mcnq~qc dc~?. snd, na Mss ~lw~ tM (I01 d+ys in ~dvanq of tA~ eapir~tion of ~ad~ pol~ty. b dr ~
t~~er to iatd MORTGAGEE a renevwl rt~s.~of, togsihs. w~ih • rcce~p~ fa tM prm~urn oi wch re•ww~l; and ~her~ ~haU bi no fu• a w~nds+am inwrancs ~
pi.ced on any oI said beiitd.?9s ~ny iniera~ thete~n w part thereof. ur+leu cn tM fora~ snd w~rl~ tM 1w~ parab4 a daaaidj and in th~ ~~eN ++hl wn~ :
~i mo•~eY Mco~ws payabr undN wch PW;n? a Po~~cwa said {NORiGaGEE tii?a11 haw rlw? opt~on to ncsa.y and ~pply ~M s+rn~ on ~cco~nt o` ~M a~d~bt~ i
~~rss sscved f~srobY p p pe~m~t ya;d A{ppTGAGORS ~o ~et,wv and vs~ h w any pu~ ~hsreoi fo~ ai+er pwpos~, witlwut tlw•e~~ waivinp a ur+pair- 1
:ng any e~v~ty, 1~ or righr uoder or b~ v'urw oi H:~s mo:•gsge: ~r.d in irn svent ~a~d MORTGAGORS ~11 fa ~ r~ason fail to kNp ~h~ t~id pr~ites w '
~~s~red. a b~l ro deUvsr pror~ady ~oy of said poticies of inswante to said MORTGAGEE. p fail prompNY M paY fvllr ~ny prsmiun+ thlr~fw or in any
r-s~n fail b p~fcxm, d~uherga, rxecute, effecf, canptero, cwnaly w~rh snd ab:d~ by M~is oown+rtt, a~ny part lwnoF, wid MORTGAGEE ~n~y plaa ~r+d
pdr `a sueh inswae~et or ~ny pan ~herewf withour waivin~ or affee~in0 ~ny option, li~n, pui~y, o~ riphl u~rdM a by virtw ot thh Mortp~p~. u~d tht
f~u +rr~o~n~ of each ~d evKy such paymenr shaU be inunediatety dw and piyabN ~nd shall lvar inflr~sf iran fIM d~N dK?eof until pa~d ~f tlr ntt ol
nint POf OQ~tfum ps~ annvm ~,d togethrr vrirh such inrrres~ shati be srcured by th~ lien ot this morp~, .
1. To permit, commit or suffer no waste, impairmen` M d.te~ioration of u:d p~upertr p any put the~~of.
5. To pay all and skg~lar ~he coats, ci?argei and expense~, ind~din9 ~ r~asocvbl~ ~norn~y i fN uid cotri of ~bstncta of title, incwr~d w Wid ~t
~~y ~~roe by w~d AAORTGAGEE. lxcausr a~n ~F~s eren~ of ihe faJwe a? the put of ~Ae ssid MORiGACsOR p drty. p?ornptly a~d fully p~rforaA, dischrrpR
e,~ecu?e, effect, eomp:ets, comply w+th snd eb:de by exh a~d evcry the sriputatwna, agreeme~ts, ew~ditions, and oownann of pid pranistory not~ and thU
:~or+ga9e a~y o~ ei~he~, and said costs, charges and cxpenxs. each snd evNy. ahall b~ immedNtely due u+d p~yabtet wMtM~ or not tMn b~ ~.otiq dr
mand, attempt to cotlect er su;t pend~ng; and rhe fuN arravnt of each and eve~y wd+ pymen~ shall b~ar ht~nst fran Ih~ d~N th~reof until p~id H tM
..~fe of rune p~r centum per aerium; and a11 aw~d cosis. charges and cxpenscs incwred o~ p~i~, tog~~het with suth inter~aL sMll b~ s~w~ed by tM li~n of thi~
mort~aye.
Q That (a) in tAe event of any brexh of rhis Mortgage or defavl~ on 1he part of ths MORTGAGOIR, or (b) in tM n~M ~ny of ~id awru of nwney
M :
hPre~n ref~ned to be no1 Fromptlp a~d fuuy pa~d wi~hin thuty (30) day3 ~e~t after the saa+e ~everally becort~ dw u~d payabl~, withow d~m~nd a noYK~. ~
~r i~ in the ewnt cath u~d evsry the itipulariw~a, s9rcements. cond~~ions and :ovenanb of sa~d promissory noM and this maf~ap~ any w tithp ut nol >
i~~iy. promptly and fully performed, d~xharge.i, e,cec~ted. elfect:~d. comp.eted, tompl~ad with and ~bided by. 1Mn ln ~itMr or any tuth w~nt tM said s~
g~ega•e wm memia+ed in ssid promissory ncre then rema~ning unpaid. with inferest xvued, and a.l moneys s~Cw~d. her~bY. ~11 beaan~ dw b+d p~y~ t
ab:e forthwirh, a ri~eveafrcr, ar rhe opr~en oi satd 610RiGAGEE, as fully a~d compkiey as ~f ~II of the said s~ns of maNy vwn orqinNly ttipulated
ro be pa~d on such day. anything ~n sa.d prom~ssory nose a in ~hn Mo.t9sge ~o ~he coorrsry notwitl?.~u~dinp: and U,u•upon w~1rr~ahN a~ ~M option of
se:d MORTGAGEE, without rwsice or demand, suit a1 taw oc in equity, ~hcrafwe or th~reafrer beyw~, m~~ b~ prpecvt~d p 1f all nwrkyi s~cund h~reby ;
~:_d matured pnor to its i~stitvtion.
7. Tnat in the even~ rhsr ~r ?i~e beg;nn,~,g of or ar sn~ ~~me pend~ng ~ny wif upon rhi~ Mwr~, or to ~or~clos~ h, o? to refam H. w to a?fwa
payment of any daims A~rcvnder, s~id MORTGAGEE shatl apply ro fhe Cour~ haring jw~sd~c~an rherwf for tM appointm~nt of + R~ceiw?, luth Court sh~l)
fc~:hwith appoint a~eceivN of sai~ mortgaged p?operty all and singulu, includ~ng atl ~nd.sir+gulu tM incWn~. profits, isw~~ u~d t~wnws from wh~t~wr
nource derived, each and every of whscn, it being e:pressty undcrstood, is hereby mortgaged as if specifiutly sN tonh u?d daer~d in thi ~qntlnp aed
haoendum clavses hereof, and such Recerre~ sh~ll have a:l rhe broad and effective funct~ons and powen in ~nywise ~ntrwted by ~ Cowl tp a R~piwr, and
s.,ch appointrtKnt sAall be made by su;.h Cowt as an adrnitted eQuity and s m~ttet of absolWe ripM to Mid /MORTGAGEE, and withoul r~fer~nc~ b tM
adequacy a i~adequacy of the wlue of the proprr~y mortgaged or to ~he sa'vency or insolvency of atid MORiGAGOR or fn~ dtftr+d~nri. ~nd that svcA
rrnrs, profib, Income, iu~es ~nd revenucs shall be app~ied bY such Receivea accord~ng ~o ~he lien or equiry of wid MORTGAGEE uk! th~ p~aaiu of wch
Court.
8_ To dvly, promptty and futly perform, discharge, cxecute, effect, comptefe, comply with ~nd sbide by tac6 ~nd ~vay th~ stipulation~, apnNrwe?t~,
cond~tioro and covena~n in said.promissory note and this mortgage set fxth. '
9. That in tl+e evem the ownenhip oi the mortgaged premises. pr aoy psrt thereof, becomes vrst~d in • pKton Other 1lwe1 th~ MORTGAGOR, tFN
~"CRTvAGEE, ib successws and au~gns, may, wi~hovt no~~ce to the MGRTGAOR, d:al with .wch sutc~s~w or ~~or in inNrpt with ~tf~rN~c~ lo lhl~
~o~rgage and the drbt hereby secwed in the same msnne; as vv~th Moctgagor withow w? any wsy viti~Yug or d',seMry'Wy th~ Mott9apws' lis~:lity h~r?
~^der o. upon tAe debt hereby sscurrl. No sa:e of the premises hercby mortgaged u~d oo fabear~np on th~ part of t!» AIQRTGAGEE ot ifs woc~ston
or ass~gns and no extrnsion af the ti:ne fw che payment ot the debn c~?eby secuaed givsn by tFrc MORTGAGEE or ib t~tttssors or auipns, al~l! OpsraU
~o re~ease, d~scharge, modify change or affect the orig~nal Iiaoal~ty of ~he NVG?QTGAGOR herein ~ither in whol~ or in-put.
10. It is speufically agrced that t~me is oi the esunce of this ca~trxi ~nd that no w~iwr of ~ny oblipation Mnundlr q of ih~ oblipafion ~
c~red heraby sf~+It at any tirrit theresiter be hel~ to be a waiver of the ~erms hereof or of the irntrument aecw~d hpby,
11. In add;tio~ to the faego +xJ monrhly paymen:s of p,inc'pal and interest required by the promi~ory rqfe secured hereby, mprtp~gor apv~nan}i •
~~:d ag~ees to pay to mortgagee w~~h each mon~hly payr.:tm an add~~ional sum easi++uted by mw~gagee to be eqw) to 1/1~ of the annuat coat of fh~ follow-
A-A(f real property taaes teviad rr assessed agal~~sr th~ above desa'e?red resl estate.
B-Premiums on iire aod windstorm insurarce as herc~n requ;red to be carried on the improven.Mt~ sitvaf~ oa the sbov~ dest~ilt~d prNhiNS.
C-Premivms an such mortgage guaranty i~svrar.ce as mortgagee sha11 frorr. tlme ro time deem fit fo qtry on fM loan sstut~d 1Nr~by. ±
AAortgagee shall from rime to timx noti(y mortgagcr in wr:t;ng of the amount d~e and payable hereueder and suth wm fh~N fht~wpOn b~ f1W aeid
~,ab~e on the due dare of the next month:y paymem and each successive month thereafter unti~ mortgagee ahall notify morfgagot of • thanp~ in wch ;
_ ~~nt_ Such sums sF.all be apptied by moregagee toward the payment of real properly tsxes, ir?svnnce prem:uoq, end mortyap! puarMfr insu~anct
"Q.T.~UTS.
, IN WITNESS W EREOF, the sa'~d MORTGAGOQ has hereunto xt his hand and seal the d~y u~d Nr flnt aforpaid.
l~ ' ned. Sea i ed 'n preseoce of:
I ~I' ~ ~.i~.
v
_ _p i
~,n
SL•viE OF FLORIDA ~
:OUNTY QF ' St. Lucie ~
Before me penonally sppeared S amu e 1 W. She rman . a s inQ 1 e a du 1 t ~
x~fr7Eetto me well known se~d known to me fo 6~
s d
th: ~ndividw[~ destribed in and who executed the twegang instrument, end acknowledped before me lhat ~ exewted Ihe san» for th~ pwposes
ry,e•Pin euprtssed.
?CYJE~C~Jt~l4~4~C .
?g ~ ' 714Q~[i[dCIi7JGi~6~C
X$ JC 's
W1TNf55 my hand srd offieia! aesl ti?~ day of OVBItlb I' A, p, ~q 66 ;
t
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Notuy Pubiic in and fw th~ Stah of fbrid~ ~t lup~:..
Return Ta My Cwrrnisian ~xpirq: jl/~G~`~ _ .
F;.st Federal Ssv~ng: a Lou+ Auoc~ar~on F ' - .
~ZEO ANO RE~pR0E0 ~ ~ ~ '
Of Fort Prcrce. ^ - -
S7'. IUCIE COUNTY FLA.t;~~... : ' . r •_:~~E - ~
Fort Pierce, Fbrida RECOP.~ V£RlFtEp _ _ .
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; F:C1~ 7 PM - 3 : I I . , - ~
i 497'83 - . _ ~ ~
~ s-,~;,_-:. ~-iitTFi:.~
" CLERK C~ZCUIT COUR1' "
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I aoax 15$ FAGE 40~ ~-~l
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