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3. To plac~ and mnNnvov~b kNP a? tl» buildi++ps now a Iw~afta wwaN on aid land uid on ~II puipnMt ud perw~+lly covK~d by tht~ mortp-
y~. with all premivms tMr~on p~id in full, f'us insurana i~ IM wwl s~udxd policy fwm~, i~ a sum approv~d by tM MORTGAGEE. ~nd wind~t«m
inswana in tM ~swl s~anda.d poticy fam. in ~ wm app~oved by tM MORTGAGEE. 1n wch c«np+nY a con?Woies a tM MORTGAGfE ~nay
diractj and aN fih and wiad~~am inswaaa po1KHS on ~e1? of s+~d b~+ild~^p~. +nY Y+taat thacin a put ths~wf, M ~h~ +Qp+e9att awn aia~said a
in ~acets thsreof. sh~ll contaie tF» uswl stand+rd mortq+yk clws~ w•uch al+K daus. a ~M Mor~pag.. mar ?w~+u.. matinp th~ bss vod~r said pol}
de~. esch and ~w.y. WYabl~ a s~id MORTGAGEE ~s its interest n?~y app~ar. ~nd exh and ~very ~vch po~icY ahall b~ promP~ly ~a:qned ar?d d~liva~d ro
•ny Mld by iaid MORTGAGEE u turtMr secvritp to s+id matp+p~ d~bt, uid, not I~u than ten (10) days in advana of ~M ~xpir~tion of each policy, ro dr
live~ to aid MORTGAGEE • ~~new+t thN~of, topetFar with a roc~ipt ior tM pr~mtuT of svch renewalj u+d tl+K~ sMll b~ ~+o fue w windi~orm inwranc~
placad on u~y of s+id buildinps u~y i~terest ther~in w put the?eof, unl~u in iM form snd with tM bss p~y~bl~ u afwtsaidj aad in tM ~v~nf any wm
of mw»y becoma p~raWe vnda wch polky o~ policies s+id MORiGAGEE thall Mw th~ optio~ ro receive and apply tM s+me on accounl of tM indebted
neu secu~ed he~My a a pKmit said MORTGACaORS ro?eceiw and w~ h a+oy put tF+ersof fa other pwposes, without ~hareb~ wsi~i~ig or unpair-
in9 a~y equity, IiM or tiyht w~der w bp virtw of thq mortys~ti +nd in tM ~va?t Nid MORTGAGORS shall fa u~y reaso~ fail to keep ths faid pnmises so
insured, w~f~il to dtliwr promptly ~ny of ~id polities of iinwa~u ro s+id MORTGACaEE, w fail promptly to psy fully ~ny premium thsr~fa a in any
re~pect fail b pNfomL discharye. e:~t~ ~ffect. oompl~t~. oanply with and ~bid~ by fhis coven+nf, p any put herwf, ssid MORTGAGEE n+ay plaos +nd
par for such inwranc~ or ~ny part tF+Keof without walvinp ot aff~ctLg any option, (i~n, puity, w ripht under a by virtw of thts Mort9ay~, ud the
full amouM of each ud tvNy s~xh p+yment shall be imm~diatdy dw uid p+yabl~ u~d shall bsar interest f~om tM dat~ Mcreof un~il p~W ~t tM rst~ oi
~~~e per centum par aonum and toge~her with such teterest ihall b~ securad by th~ li~n ot this mat~~. .
1. To pKmit, oornrtdt or wffsr no wast~, impa'ument a d~terbntan of iaid propa~ly w ~ny put thereof.
5. To p~y all s~+d urgula~ ths coats, chu~ss and expensa. includinp a nason~ble attwney i fee snd cosls of abst~~cls of titl~. incvn~d or patd at
eny tune by said MORTGAGEE, b~twse w in tM event of tM f~ilun on th~ put d tM s+id MORiGAGOR b duly, ptomptly and fully pe~form, disch~ry~.
execute. ~ffeN. complete. oomplY with and ab~ds by e~ch ~od wery the itipulat7a?s, apreements, cond~~io~+~, and oovena~n of said promissory not~ and thi~
mortyspe sny w eithet. a~d said costs, chuy~s and expenses, esch snd ewry, sh~ll b~ imrnsdiately due snd payabk: whether o? nw there be r~otice da
ma~,d, snempt to mllect or wit pendingt and tM full ~novnt of each and ew+y wch p~ymenl shalf besr interest from the date tl+erwf ~ntil p~id at the
rare of nine pe~ untum pe? annum; and ~II said coits, ch~rget and expenies incvrr~d or paid. topether with uxh inter~sf, sMll be s~tured by th~ li~n of ttw
mortpap~.
6. That (s) in the eveat of u~y breach of tha Matys~e w d~fault on tiu psA of the MORTGAGOR, o? (b) in tM event sny of sa~d :vm~ of money
herein rofened to be not promptly a~d fully paid within thirty (30) days next after the same sevastiy becwns due and payabk, withovt derMnd a notite,
or (c) in the eve~t each and every the stipulations, sgre~ments, cond~tans and coven+nts of ~sid promissoey note and th~s matp~ye any w ather ~re nw
iuly, promptly and fvlly perfo.med. d~xhuged. executed. ~ffected. compknd, complied wi~h and ab~ded by. then in atM? or any such ewnt tM said a¢
gregats wm mentioned i~ said promissory note then remaininp unpaid, with interest xaued, and s11 mooeys sacured hereby, shall betome dw and pay~ }
abfe fathwith, w thereafter, ~t the oprion of said MORTGAGEE, at fvlly and compl~tely ~s i( ~II of the wid wms of money were orginally stipulsted - ~
ro be paid on such day, snythinp in said promiswry note w in this Mortgsge to tM contnry notw~?hstsnding: snd thereupon w thereafta+ st tM option of t
said MpRTGAGEE, without notice or demand, wit at law or in puity, theraFon or tAereafter beg~r?, may be {xosecuted as if all moneys secvred hereby
had matwed prwr to iri iratitufion.
7. TMt in the event tha~ ~t the beginninp of or st sny time pendinp +ny wii ~pon this Nlortgsge, a to foreclose it, a to refam it, o? to e~fores f
payment of sey claims Fxreunder, aaid MORTGAGEE shall apply to the Caut having jurisdK~an thereo( tor the appamment of a Receiver, wch Court shall
forthwith appoint a receiver of saif! mwtgaged proparty all +nd iugulu, includ~ng all and singular the income, profits, issues and revenues from whatever E
source derived, eath and every of wFi~ch, it being expressly understood, is hereby mortgsged as if spetifiully sN fo~th and described in the yrantiny and
habendum clauses hereof, snd wch Receiv~r ihall have all the brwd and effettrvs func~ans and powers in anywise entrusted by a Court to a Receiver, ~nd
s~:h appointmeM shall be made by suth Court ~s ~o admitted equity ~nd ~ m+tte~ of absolute riyht ro said MORTGAGEE, and without roference to tM
adequacy or insdequaty of the vslw of the prope~ty mortg+ged or to the soNenty or insolvaxy of said MORTGAGOR or the defendanb, and that such
ren?s, profits, income, iuues ~nd revenues sl+all b~ applied by such Receiva aawd~np to the lien or equiry of said NIORTCsAGEE snd the practice of s~ch
Court.
8. To duly. Promptly srd fuly perform, discharge, execute. effect. complete, comply with and ebids by esch and every the stipulations, syreemenq,
conditions and covenants in said promissory note and this mortgsye set fath. ~
9. 7Mt in the evcnt rhe ow~ership of rhe mortysyed pnmises, w uiy p+rt rhereof, becomes vesred in + peraon ofher tl+an the MORTGAGOR, ths
MORTGAGEE, iri wccessors and suigro, m~y, witFwvt notice to the NIORTGAOR, deal with such successor a wccessor in iMerest with reference to this
mortgsge and the debl hereby setwed in the same manner ~s with Mortgsgw without in any wsy vitistirg w disthuging the Mort9sgors' li~bility hert
under w ~pon the debt hereby secured. No wle of the premius hereby mwtgaged +nd no fwbeuence on the pen oi the MORTCaAGEE w iri successon
or assigns snd no exrens~on of tl+e time for the payment of the debt hereby secured given by the MORTGAGEE a in avccessors or ass+gns, shalt operat~
ro release, dixharge, modify ch~nge w affect the wigie+al liability of 1he MORiGAGOR herein, either in whok or in part.
10. H is specifically agreed that time is of the esscnce of this contract and tMt no waiver of any obtigatan hereunder w of tM obl'~ystion sr !
cured hereby shall at any time thereafier be hekl to be s waiver of the terms F?ereof a of the irotrumenl secured herby. i
11_ In addition to the forego`.ng monthly psyments of princpal and intNest required by the promissory note secured hereby, mortgagw tovenants
and agrees to pay to mortgagee with each monthly payment an ~dditionsl sum estimated by mortgagee to be equal to 1/12 of the annwl cost of the (ollow- ~
i~tg: ~
A-All real property taxes kvied or assessed against the above described real estate. 7
B-Premiums on fire and windstorm inwrance as hcrein requ~red to be urried on the iinprovemenri situate on the above desvibed premises. y
C-Premiums on such mortgage gwranty insunnce as mortgagee shsll from t~me to time deem fit to carry on the loan secured hereby. I
Mortgsgce shall from fime to time notify mwtgsgor in writing of ti~e amount due and paysble hereunder and such wm shall thereupon be due and ~
Fayable on tl~e due date of the next monthly payment and exh succeuive month thereafter until mortgagee iF?all notify mortgagor of a chsnge in such ~
amount. Such sums shall be applied by mortgsgee toward the payment of real property taxes, insurance prem:ums, snd mortgage guaranty inwrance !
~ remiunts.
1 IT E H , the ~id MORTGAGOR has hereunto set his hand and seal the day ~nd yea~ fint ~foresaid. f
gne deli red in the presence of:
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STATE Of PLORIOA ~ =~'C~: - ~f
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courm oF St. Lucie ~ ~ ' . _ ~ ° U~.. _ ;
eefore ms persawlly appeared LlO~d Tfl3(ZOI' ':n ' i~:- _ 2
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Clotil3e F. Ta lor
~ ha wife, ro me well known jMl~kiiovrn foinalo b~
the individwb destribed in ~nd who extcuted the foreyoirg instr, n~nt, and ~dcrwwledped before me that they exearted the "sar~ iqP' tFw plnposss ~
therein ~xptessed. Md ths said CilO~'i21C~9 F~ Taylor . ~ . ~ ` ' }
,nife of the ssid Lloyd Taylor ~ -„~.•.~,,~e'~,~~a~'
exam~nstion by me tsken separate and apart from her taid husbard, ~du+owledged to and befor~ me tMt she executed s+id instrvma~t•freel~?'tind'Volwr
rar~ty and withovt any oompubion, canrraint, sppreF~ension, or feu of or from her said hu~nd. •
WITNESS my h~nd snd official ~ssl th~lth day of ebruar / A. 0. 19~
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. Notsry Pu ic in for the Sqt~ of Fbrida at Lar~
My Commiuion sxpires:
Retvm Ta. ' NOTARY PRlBt!C, "-.I;~ ~ ~ c~ F~C"I~A at LARGE
Fitst Fsderal Savinps 3 Lwn Association 11Y COMS~:IS~!G:i :,'=.?:t'=S ;i~`l. 2), 1968
Of Fo?t Pierce. w~DiD THROU~H FRED w. o~esrEt++oqy-T
, Fprt Pierce. Fbrida
F1LED AND RECORDED G~
ST.R
~~C,~1 RD YERI tED`A~
15249'7
~sz F~~ s ~ : Zy Z
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~•OtTR~S
C~ERK CIRCUIT COURT ~ b00K164 ~1505f
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