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To pi~os w~d coe?tLwo~nhl ~P on tM buildiips now o~ I+r~eafra ~+tu~t~ on s~~d f~nd snd on dl ~quip~+~M snd pasonally ww~~d bY tlw na~q~
W~. witA ~N pr~~ tlwr~on ps~d in fi?il, fW~ inswu~ in ~t+~ uwal srandard potxy fa~n, N+ ~ sww +ppro~r~d by tM MOR~th~~MORiW1?iEw~E
~Y
inrr~no~ in tl» vau~l u~ndard poi~ay fotin. ~n • swn +pprared by tht AWRTGAGEE. in suth companr w aon+panies
d~rMr and Hn ~nd wa~dswrm inswar~ poliues rn ~ny of ird bu~~d~rqs. ~ny u+MrNt ~Mr~in oe pu~ tix«of, b~M ap9.p~h win afor~said a
In ~xasf N~w1. sM!! conuN Nn wwl uandxd morr9+ye~ clwa~ w such ~ha c!aus~ u tM 1Nort9+qe~ m+tr ~~4~+?~ m+kinp iM loss undK sa~d pol1~
c;es, wch ~nd ws~y. WYabk w~aid MORYGAGEE a~n in~HCSt rn~y appNr. ~ad ~ach u~d ~vay ~uch pol~cy ~MII b~ proenprly au~~ewd and dNiver~d b
•r.y hNd by uid MORiG/?GEE u(wtl~ searity a said mo:~g+Q~ debt, u+d. no1 ku thx? ten (10) days in advuKe of tFr expi~~~an of ead~ poGty. to d?
I~w. w sad MORTGAGEE a r~wal tMr+of, top~~hu wi~h • ~ae~p~ for ~he p~mium of wch .enewal; and tha• ~+all b~ oo fin or wirdirwm inswu+c~ ~
pl~csd on ~ny of ~aid buil~gs. ~ny ln~er~st tlw+t:n a put thcreof, ~nleu ~n the form ~nd wi~h tF~ loss payaW~ u~iw~id: ~nd In the ~vent any wrn
of mw~r b~ooen~s piyab4 w~d~r wch policy a poGci~s s+id MORTGAGEE shall haw the op~an ro ~euiw ~nd ~PPhr tlK s+m~ e^ ~cca+^t of tM Gxlebted~
neu s~cvnd hu~by a b pamit siid MORT6AGQRS to retriw ar+d us~ it w any part thereof fw otker pwposes. wi~hout thaeb~ w~ivi~ w~mpair-
inp any puity. lia~ w ripht under ~ bp virtw of Ihis mozspaQe; u~ in ths event u~d MORTGIlGORS ih+ll fa ~ny rtason fail to keep the uid panises w
insurad, or fai! b detivu prompNy ~nY of said pol~ciss of inswanu to said MORiGAGEE, or fail promptly lo pay fvlly any premiwn ther~fo~ w in any .
respecl fail b parionn, dixharp~. snea?q, effed. compl~t~. oon~ply with and ~bid~ by this covenant. or ~ny part hKeof. said MORTGAGEE m~y p~au +~d ,
p,y fa wd~ Lawancr o~ ~ny p~rt thareof withovt waiviny or ~fiectinp any opt7on. I~en. eq~?~b. w rgkt u~ w by vi~+w of thia Mortpa~. and tht ~
full ~nawN of eacw ~nd wvy such p~ym~nt shall be immediately dw a~d pay~bb and s~++ll b~~r interest from th~ dab therwf until 'paid at tM ~ab ol
n~ne p~r amvm pu anrwm and topether with wch inre.est slWII be ucvred by the l%a~ of this mortpa~.
a. To p~rmit, canndt or wffa oo waste, impaument w deteriorario~ of s~id prope~ty w+++Y P+~ t~pi.
S. To pay all and sinp~l~r th~ costs. char9~s ~nd e:penses, irKluda+g a reasa~abk atrorn~y's fe~ and ws» of absh~ct~ of title. incw~~d o~ paid at
any tin» by said MORTGAGEE, b~caw~ a in tM went oi the failwe on the part of ~M said MORTGAGOR 1o duN. prompthr +~d f~1~Y P~fam. d'Khse~
execv». tffse4 aanpletR, oomply with sr+e+ ab~de by ~ad? a.~ every the supula~ia~s, ~oreernents, caxlitions, and cown+on of uid promiss«y not~ +nd ~hi+
morrpp~ any a~ ~itMr. ~nd said oosb. chu~es u?d e:pa?ses. each and every. shall be immedi~tely due uid pay~blet whethe~ or not tMr~ M r.otiu d~
mand. ~tternpt to colbet o~ wit pa?~npt and rhe full ~rno~nt of ~ach ~nd eve~y such psymem sn+ll bea? intK~st fran th~ dat~ tFrrwf u~til patd ~t tM
rate of nirN per centum pa ~wn4 u~d aIl said costs, charges and expenses incvrred or paid, topclhet with such inta+st. slull b~ s~wnd by the Iwn ot MH •
^'~rro+~
6. Th~t (s) in the event of ae~? bn~d+ o( this Mortg~ye w defwl~ on the psrt of the MORTGAGOR, a(b) in tM ~wnt am? of said swm of mo~eY
henin nfKred ro b~ not promptly and fuily paid withN+ th+rty (3d) dsys neat after ~he same severally becom~ due and payable, witho~t d~mand o~ nr•io~.
o? l~) L~ tl» ~wnt each and ewry the stipvlations. +9reemen». cond~fioos and cavenants of sa+d promissory note and th;s n+atpap~ any w NtMr aro eal
~uly, p~wnpHy ~nd fuly p~rformed. d~sch~rged. e:ecuted. effected. completed, compl'~ed with ~nd ~bided ~iy. then ie ~itl+K w~cy such ~wnt tlN sa:d .
pregah w~n mtotiorwd in uid promissory note then remaining unpaid, with inre~at acaued, u~d all ma~eys satwed. heteby, sh~ll beoane dw and pay~
abl• fatMvitl~, a tl~eafta, ~t the optia? of said MORTGAGEE, u fully and compktely as if all of the said s~ms of moewy w~n aq~n~~y u~pu~ared
ro ba pa~d on soch day. anytNnp in sa;d promiuory ~wte or in tha Nlwtgage to the conrrsry nofwi~hsundinp: snd tlw.eupon o~ ther~ahK ~t rM op~ion of
sa~d MORTGACsEE, without notic~ w d~m+nd. wit at law or in pu~ty, thereforc w thereafter begun, nwr b~ p?wecut~d as if dl ma»ys Nu?nd h~nby
had manr..d pior ro m tnsnnnan.
7. Th~t in tM ~vent th~t at the begirr?ing of or a~ ~ny time pend~ng sny wtt upon this Mat9aye, or to fo?sdok 8, w to r~form h. or fo ~nfww
payment of ~ny dsima herevndtr._ s+id MORTGAGEE shall ~pply to the Co~n havirg jurisditYan thereof for tM appo~ntme++t of ~ Receivu. such Court shall
ferthwMh appoint ~?~ceiwr of si mwtpaged propartY atl and singular, includ~ng all and singuls. tM inc+om~. p+o(in, iuue~ and rswnws from wMt~wr
w~rce dKiwd, axh and ev~ry o~wh~ch, it being e~cpressly understood, is hereby mw~gaged as if spec;fic~lly set forth and desc~ib~d M+ thi prantinp u+d
habendum davses hereof, anc~ wch Recsiver sh+11 have all the broad and effecr~ve fvnct~ons and powers in ~nyw~se em-us~ed by ~ Court tp a ReuFva, and
wch appointrnent shall b~ made by such Court ss an ~dmiued equiry;and a mat~a of s6so~ure rigM ro said MORTGAGEE, and without referer~u to tM
edequscy o~ k~sdequ~cy of the wlu~ of the property mw~gaged o~ to the setvency or ~nsolvency of said MORiGAGQ~t a th~ dcfendann, and that such -
renr~, profits, income, iu~?es ud rwenues shall be applied by such Receiver +ccwdiny to the lien or equity of said MORiGAGEE and the praetiu of wch
Court. _
8. To duly. promptly ~nd fvlly perfomn, disclwge, execute, effcct, complct~, corry~lY wilh ~nd ~b'd~ by each ~+d ivery th~ stiputatans, ayrNnwnts. ?
conditwns and oovenanb in s~id prornissory nae +nd tha mo.~gsge set fo.th. "
9. TMt in the svsnt the ownenhip of the mort9aped prem~ses, w ariy psrf thereof, becomes v~std in • ptran otF~ th~n ths MORTGAGOR. tM
M~RTGAGEE, N~ sucossso~s and +aiigns, msy, without notice to the MORTGAOR, deal wi~h such w.-c~ssor a~,ccK~o. in interas~ wirh refa~nu ro this
mortg~ and tF~ debt herebp secured in the s~me manner as virith Mortgagw without in any way vitiatirg or d~xlwpirg tIM Morty+pws' li+biliry hert ~
under w upon tFw debt htreby secured. No salj of the premises hereby mortg~ged +nd no fo~be+wnce o~ the put of tM MORTGAGEE or ih svaesson
er assigm u~d no e:tension of the time for the payment of the debr he.eby xcured yiven by the MORTGAGEE a ib tucoeuo~s or utipns, ~h+tl oparat~ .
ro release, diad~upe, modify ch~nge or aHsct the wigin+l liab~l~ry of the MORTGAGOR heran, either a~ whole or in p+.t. ~
IQ It is specifiully ~reed that time is of the essence of th:s contract and that ~o wai~er of any obl'gation haeunder or of tM oblipation sr
cured Fwnbr shaU ~t any tims thereaher be held ro be a wa;ver of the tcrms herwf a of the instrurn~nt secw~d herby. ~
11. In aJdition to tF~e fwego:ng monthly payments of princ'pal and interest required by the prwnisso?y note secured hereby, mortpagor town+nb ~
and agrees to psy ro mwtyagee with each monthly payment an add~rional sum estimated by mwtgagee to b~ eqwl 10 1/12 of the ar~nu~l cost of ths foliow- ~
ing:
A-A!I real property t~xes levied or assessed against the above described resl estate.
B-Premivms on fira and windstorm inwrance as herein requ~red fo oe wrried o~ the improvemeats situate on the sbove desvibed pt~enises.
C-Premiums on such mwt9sga pv+rsnty insurar~ce u mwtgagee sh~ll fcom t=me to r~me deem fit to wry on the ban secured hereby. -
Mortysgee sh~ll from time to time notify mortgagor ~n writ~ng of the amount due and payabk hereunder u~d such wm ahall thereupon b~ dve and
payable on the due date of the ~ext monthly payment and each successive month tFureafter ur.til mwtgagee shall not~fy mortg~gor of a ch+np~ in wa4
a-ount. Such sums shall 6e applied by mwtgsgee ~oward the paymrnt of real prop~rty taxes, insura+xe prem:umt, ~nd mortgape 9uar~nty insurarw
premiums.
IN WITNESS EOF, ~yaid MOR GAGOR has hereu~to x! his hand and sesl the day snd ys~'ust ~fa id.
~ ~ of: ~
I~ ~ ~ 'n th r~w -
k n
0
~r~`Jt -
STATE OF FLORIDA ~
St. Lucie
counmr oF
e~fae ~..«~i ,~.u.a Ray Allen Bays
~ary Ann Bays ,Mr~, ;b me well known and known to me fo b~
;he individwb desvibed in u~d who executed the fwe9ow~y instnxnent, and atknowledged beforc me that they exetuted the same for tlie p~rrposes
therei~ ~.~.~a. w,a ~h...~a Mer.y Ann Bays
wife of fhe said Ray A llen 8899 ' - uppn ~ teparate ~nd ptiraf~ ;
exam~nation b~r me taken sepsnte and span from her said husband, sdcrwvvledged to and before me thst shs execvled ssid instr~ment freely and volun- f
rar~ly ud without arry compulsion, cantrsint, spprehema , or fear of w from her said husbsnd. ~
WITNESS my h~nd ud official sesl t' T day of De C e r r A, D. 19 b~ ~
C~~vfG -
~ Notsry u lic in ard ~or the ute f Florida +t ttr~e :
~ My Comrnissan expires: j f ~ . 1 - ; ' }
~ Renxn Ta. ~ ~ -
~'1 Fint federal Savugs a losn Itssociat~on -
~ Of Fort P~erce. _ ,
~ . ~ • :
~ Pk.u, Fb.~d, FILED AND RECORDED t:~---.: ; .t ~a~r,E _ : G . -
ST. LUCIE COUNTY. FLA. ~~..f::~_, r;, _ . ; = V
RECORD `:ERIFIEO - - - -
~ jso~~s _
'6fi DEC I PM 3:24 . _ !
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