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J. To plact and conYuwa:slY ke~P c+n ~he bu~~di~pi now w lvr~af~K w~wta on sa~d I~nd and on ~U e~uiprn~wt ~nd pMSOnallr cav+tid bY th~s n~o~q~ r
sgs. w~th all prM+iwm ~hsrso~ pa~d in futl. fcr~ L+swa~xs in ~t» uwal sunda:~ po~icy fam, i~ a swr app~ro~rd b1l ~ MORTCsAGEE. ~nd wind~torm
~n:~ru~ce in th~ uswl uandard pol:cy fam, in ~ awn a~oved by ~M MCRiGJ?GEE, in wcA cc^+P+^Y a oa~pa~~+ +s tM lIAORiGAGE! ^~+r
~~rest; u+d all i'u~ u~d winds~ocm inswance pa~c~cs on ~ny of sa~d bwld.nps. Ny intK~s! ther~in or p+rt tlwwf. in ~Ir apprpNt sw~ dortNid a
,n excess ~herwf, sMll contain tM ~su+l uu+dud morFgag.~ dauss w such o~her ciwas ~s tM Mort~a~+ m+y requin. m+~p tM Iws wdN s+~d PoiF
c:es, each a.~d tvcry, payabl~ ro sa~d 1NORIGAGEE as ~ts in~crest maY appea~. a+d c+cl+ +nd ~ve~Y wch ~x~'~ll s~++~~ ~ P~a^'Pt~Y +u-9"ed •"d de1"'K.d a
a:~~ heW by s~td MORTGAGEE as (unhe~ security ro s~~d nwrt~age dcbt, and, not 4ss thae t~ (10) d~YS u+ +dvaotf o1 tIN ~~~tion o) tach po~icY. fo O~'
~~~e. ro s+~d MORTGAGEE a ~enewal ~here~f, to~s~na wieh • tKlePt ~01 tI1Q PIN1f~WT OI WGA renewal; ~nd il+H~ ihall b~ no fu~ or winds~aM inw~+na
Fiaced on ~ny of said buildings, ~ny i~rcrest tl+ere~n a p~rt ~herroi, unisu ~o :M (a~n snd w~ih tM bss payabM ~s afweuidt +~d ~M ~w^t ar~y ~w^ ~
o( mo.+~y becwnea paYabi~ u++da such policy or pol;cies said MORTGAGfE ~hatl Mw tt?~ optio~ w~ec~iw and apply tFw same on ~ccwn~ .:t tht indebtd~ ±
~eas securod htrtDy o~ ro pe~mit sa~d MORTGAGORS ro retaiw and us~ i1 p anY put therrof fo~ oti+e~ purposes. Mr:~hout the~eb/ waiving or wap~lr- i
~r~y any equ~ty, lien w~gh~ under w by vtrtw of th~s mo:sga~e: and in ~he ~vent ia~d MORTGAGORS sh+11 fa ~ny na~on f~il to keep the said p~?sts ~o ~
~ni~red, or fail to delive~ promp~ly any of sa~d polrcies of insurance to sa~d MORTGAGEE, or fa~l prompdy ro pay fvllr ~ay premiv~n Iherefp o~ in +~y ~
respect tail ro pafwm, d~uMrge, eaecurs, efiect, comptete, canpty wiit~ and +bide by ~h:s covenan~• w+or ~u~ he~eof. s+id MORiGAGEE ~y p~+u +nd
pay fa auch inw~ance w a~y p~.t thereof wiihout w+ivinp w af(ectinp any option, lien, puity. a ri9ht wdK or by vi~nn of this Ma~. ~nd tM
t~i1 amovs?t oi each u+d e~~ery such wym:m shatl be ~mmediately ~w and payable and shall bear inte*su fran tM dats thereof until paid at th~ ~a1t of ~
~:ne per centum per annum and together Mrith sucF. inrrrest s4w11 tx se~cured by tM lien of this mwt~ay+.
1. T~ psrmit, canm8 ar svffer oo w»te. ~+p+i~ment or deterioration o1 aid property or any parl thareof.
3. 1o pay ~II and singulu the costs, ch~rges and e:penses, a+cludiny • reasonable attwney i fe~ snd cosb of abshact~ of titl~, inc~n~d or p+id N
a~y t~me by sa;d MORTGAGEE. because or in the evenf of tha fa:lwe on ~hs part of Ih~ said MORTGAGOR to duly. prornptN ~~d f~?Ily pafonn, di~char~~ _
exe.ute. effect, complete. comply w~th and ab:de by each and every the if~pubtions, agreem~nn, ca~ditions, and oownanb of said promissory noN and tlw
.nor~9age any or e~~her, and sa~d cosrs, charges and e~cpenses, esch and every. sMll be immediately dve ae+d p~yaW~t whetM? or not tMr~ b~ ratict d?
mand, snempt to colkct o~ suit pe~d~ng; and the full amovnt of each ar+d every svch paym~nt shall bear intx~~t from t!r date tF+aeof w~til p~id at ti+e
raie of n~ne per cemum per annum: a~ all said costs, charges and expenses inaured or paid, togethet wah such interqt. sh~ll b~ sKwsd by th~ tia~ of thia
mcrtgage.
6. That (a) in the evcnt of any breach of this 1Nortgage or defavU on the part of the MORTGAGOR, w(b) in tM ~wnt ~ny of said swns of rnoMy
h~re~n referred ro be not promptly and fully paid w~~hin th;rty (30) days nex~ after the same uverally betaee due u+d p+y~ble. without ~mand o? not'c~~ '
cr (c? in the eveM each and every ~he stiputa~ions, a9reeme~ts. condition.s and covenants of s~~d promissory note u~d th+s mutyaq~ N~y o~ titAt? nol ;
i~:y, promptly and fully prrformed, d.uhargrd, executed, effected, compkted, complied with ~nd atided by, tl+en in eitha ot any wd~ ~ven1 th~ aid ap~ ;
~regate sum nuntioned in said promiuory note then remaining unpaid. with inte~est scaued, and all ma~tya tKUrd. he~eby. shall b~ean~ dw and p~y~
~b:r forthwi~h, a thereafre~, a~ the opt~on of said MORTGAGEE, u fully and comple~ely as if all of the said swti of moe~ay wen orpinally st7pul+ted
to be paid on suc!? day, anything in sa:d prom~uory note a in ihis Mortgage ro the conuuy notwitlutsndinp; and tMrwpon w ther~~ft~t at tM option of
se:d MORTGAGEE, w~?lwut oorice a demand, suit at law or in equ~~y. 1F1N!'~OfQ Ot fFllfNFtH begun, m+r b~ prosecvqd as if all naeeys atvr~d Mreby
r.rd matured prwt to its institWion.
7. Thar io the evenl t`~at at the beginn~ng cf or at a~y time pcnding any wit vpon this Mortyay~, or /o fontlos~ tf, or fo r~fo?m it, or fo enfwp
~a~ment of any daims hereunder, said MORTGAGEE shaSt apply ro the Court h~ving jur+sdittion thtrwf for the appointment of a Rtteiver, wch Court ~MI)
icr:hwith sppanf a receiver of sai~ mwtgaged p~operty all and singvls?, iuxlud~ng aIl snd sinpvlar tF~ incan~, pofits, iuws ~nd tewnues from wMt~vK ,
s~~•ce derived, each and every of wh:ch, 7t be~ng expressly undersrood, is hereby mortg~ge~ ss if speufiwlly ~et forth and dewib~d ln thi pru?tirq and
h~bendum clauses hereof, and s..ch Receiver shall have all the broad and eifecfive funcuw~s and powers in anywiae entrusted by a Court t~ a Reuiva, and
s::h appointment shall be maoe by such Court as an admit!ed eqvity and a rt»tte~ of absolute right ro said MORTGAGEE, and withouf r~fer~nce ro tM ~
edequacy or inadequacy of the value o( ~he property mor~gaged or to the so~venr; a insolrency of_ taid MORTGAGOR or tht defenda:+ts, and that svch !
re-,rs, profits, income, iuves and ~evmues shatl be appl~ed by such Retciver accordiny to tM lien or eqvity of said MORTGAGEE and tM prattiu of such ~
Court.
8_ To duly, promptly and fully perform, dixharge, execute, effcct, complete, compfy with and abidt by each ae~i ~wry tM stipulations, yrs~meeb, ~
cor,ditions and covenants in sa~d promissory ~ote and tha mortgage set forth. ~ i
9. That in the event the owncnhip of the mwtgaged prem~ses. w aey paA thereof, becomes vestd in • p~~wn other ih~n the MORTGAGOR, th~
:'ORTGAGEE, iri succeswn and augns, may, withouf notice to the MORTGAOR, deal with such sutussw w fucctslw in interest with referMCe to this
~ o~+gage and the debt hereby xcured in the s~me manne~ as with Mwtgagw without in any way vitiatinp or dixlw~p'ug the Mortya9ots' (iabiiity hs~t ~
:.~:der or upon the debr hereby secured. No sate:.: the prem~ses hereby mortgaged and no fwbears~te on the put.of th~ NIORTGAGEE or its suaesson $
or ass~g~+s and no exrension of the ~fine iw rhe payment of the drb~ hereby secured givan by the 1NORTGAGEE a its successors or ~uig~s, ih+~) ops~a~~ •
~o re!ease, ducharge, modify change a affect the org~nal Gab~fity of tlx AM1ORiGAGOR herein, either in whole a in put. ~
10. It is spec~fically agreed that time is of the essence of this contr~ct and thst no w~iver of any obt~yaYroe herew~de~ w of tM obliyaYan sr ~
c~~ed hereby shall at any time thereafter be held ro 6e a waiver of the terms hereof o~ of tht instrumeM secur~d hsrby. t
11. In add~tio~ to the fwe~o:ng monthly payments of p.inc'pal and :nterest required by the promissoay nore secured Fxreby, mottpsgor eowrunts ~
agrees to pay to mortgagee with each monthly pay~nent an add~rional sum estimated by mortg~gee fo b~ eqwl t0 1% 12 of fhe annual tost of the follow- y
r.~:
A-All real property taxes levied or assessed agai~st thc above descri~ed real eslate_
B-Premiums on fire and windstorm insurar.ce as ixrein rcqu~red to be urried on the improvemenb s~tuaf~ on the ~bove deftribed prNnis~s.
C-Premiums on suth mortgage guaranty irsurance as mortgagee shall from t~me to time deem fit to csary on the bsn setured hereby.
Morfgagee shall from time to rime notify mortgagor in writing of the amount due and psy~ble htreunder and such wm sbaU therevpw~ b~ due and
i ;~.ab!e on the due date of rhe near monTh!y paymenf and each successive month thereafter ur.til mortgagee sh~ll notify mortgagor of e charg~ in wch
i cunt. Such sums shall be app:ied by mortgacee toward the payment of real property taxes, a~surance prem:wn~, and mortyaye guarMty inwnnce
~ .;•emiums. -
N`NITNESS WHEREOf, the wid MORiGAGOR has hereunto sct his hand and seal the d~y ~nd yeu first aforesaid_
I Signed, esled and deli red i e presence of: ~
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" ` ~t~TE OF fLORIDA ~ -
St. Lucie u'
~JJNTY OF ~
~fa~ ~~„«~„Y ,~a«a Laur~ Mse Jandreau, s single adult ~
~G3Zaf~r to me well known ar+d known to ms to be
tha individus~/ described in and who execu~ed the faegoing instrument, and acknowkdged before me ttiat 9hey exeaited tha same for the pwposes
rherein expresxd. ~zJr="~:
' z.~s,~G2~Iat~~r~
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WITNESS my hsnd and offi ~al seal thi~ day of A-• 19_Si[Z_
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Notsry Public in ~nd ior the State of Fbrida at luyc~
cr•Sti:tt!t{~ My Cortuniuion ~npirp:
Return Ta. ~~t~~~`•' , - , rr,~~~
~ ~ . " ' •~t~ ~~y w~F- ( Of A011di it ~
~ FitSt F!~lfa~ .SiVtll9f b LOEf1 ASiOCiatiOff ` ~G,~ •.~~s~f~~~• V~~ ~p?~
Of fort Pierce. ' r ~ ~~pp ElpflS 23,19b9
F14~U r~F1A ~.d~ORDEO C v.':.> "s ~i, ~ rw a c.a.r. c..
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ST. LUCIE COUNTY. FLA. ~ ~
~~L~c:;~ ;r~R~FIED : ; ;
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CLERK CIRCUIT COURT
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