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To otaa ud aont4woush? Iu~P on tM buildh+as eow a M.Nh~r ~tw» on ~M land and on dl ~quip~ew~t ~nd pK~ondN oo~wnd b11 ~~q'
.p~ wi~h ~1) pr«~hNn. tM.son p.~d in h,~l, ti~. aaur.no. in M. ww~ uaidard po+icr fonA, in . wn~ .pprowd M~• ~TC•~4 •^d wh+dWO.m
M~arr~ b~M u~u~l Nwdard poGcy forni, in • wm +pp?owd bY t!N MORTCsAGEE. M sud~ oanP+ny a aomp+ni~ ~t tM MdtTGA<'.EE ~r
~Ctl and ~II fin ~+d wind~tonn inwr+~p pdiciN on aoy of s~ir buiW+~p~, any InNrat 1l~nir? w parf tiw~of. N fM potep~b w~ iforNaid o~
In thK~of, ~Mil oaaain tM wwl standxd a?orp+y~ ctww a wd~ aMr dauN a th~ Ma~papN mpr a4wr~, ~n+?inY M~ loa wdM sa~d polE
cr.~. ~.d+ «~d .wn?. ar.a. a a~d MortTCw~e «~r• ua...W may a~.r. .~d ..c~ «,d w..y wd~ ~,n.~ e. aompb +~~a»d and d~uv«.d ro
any Mid ~ said ti10RrGAGEE a fwtMr tewrity ro s~k! mat9+p~ d~bt. +nd. no~ Itss th~ Ne 110, d~y~ In ano~ of. th~ expit~tioe of ~~tl~ P~~11. ~ d?
fivw 1o s+id MORTG/1GEE • rsnaw~l tha~of, to~ahK with ~ nc~ip~ fa tM pnmiwn of wd~ r~xway «+d th~n ~Mil M no fin w winditonw i~awaea
pl~pd on a~ryr of s~td M,iW4g~, aMr IntKest tFwrein or put Hweof, ual~ss tn tM torm u~d wNl+ tM los~ p~yabl~ as ~fa~a~idt and in tM ~wnt an~? wm
of w~w»y ~carws p~Yable w~d~r weh policy a polid~s said MQRTGAGEE sMll Mw th~ option W nutw and ~pplr tM wnt on ~aooura of tM M+d~bt~
e~ss Mcw~d Mr~by or w p~mat s~id JNORTGAGORS a?eaiw and w~ it a any pu~ N~enof fa ai+er purpo~, without ~h..•br ~j~ a~^'Wk~
L+p arry~ ~q~rity, li~n a riphl under or by viAw of N~it enortp+~s a~d in tM ~we~t w~d MORTCsAGORS ~I+d! fa ~n~? n+~o~ fsU w lu~p th~ ~atd p~isa w
k~r.~d. a fali 1o d~liva p~omptlr ~ny of ~ak! polici~s of tmwana ro said MORTGAGEE. or fail pranptly to p~y fulhr ~rq? p~~miwn thenfor or M any
n~p~ct faii a pKfart~, disciwp~. ex~cut~, ~ff~ct, compl~t~.. oomplr with and a4id~ by tNs cov~nt. a Mh? P+N Mhof. utd MORTGAGEE m+l? p~+a ~~d
P+Y far such irouwnc~ w~ny part thK~of wirhout waivkg a ~ff~ainp +nY ap~an. ~iu~. ~4utty. o~ ripb~ wwler a by vinw of thb lNortp+p~, w~d tlK
full ~noaa of ~ad~ ~rd ~wry ~ P+Ymant sh+0 b~ invnedi~Nly dw aod p~y~bi~ and sMil be~r intua~t f?an th~ daN tMrwf unHl p~W ~f th~ taa oi
nine pM oenhim pu ~nrwm and topttAer with such Intaest s1u11 b~ ~tuted by tM li~n oi this nwrtp~p~.
L To p~rmit. oonw~Jt a wffa no waitt, impikment a d~te.iw~tion of said poopKty a anY p~rt thKeof• - -
S. To psr atl snd sMipvlar th~ oosn. cAsry~s and ~zpM+sn~ includinq a nnon+bN aflomeY'~ fN ~nd oaa of aban~cts of Ntl~ Y~cwnd a p~id at
any tkn~ by wW MORTGJIGEE, b~eww a in tM ~we?t of tha failun on tiw pxt of tM uld MORTGAGOR b duly. prompNll ~nd ivlb P~ ~
•xc~cw~. ~ffac6 canPMt~. oomplY M?ith ~nd ab:d~ by sach and overy tht stip~tiora, ~pnsmenM, canditiora and aovenanb of wid praniswry nob u~d this
e+ort~+p~ +eY w N~AN. ~nd s+~d oosn. d~arp~s and ~xpenses, e~ch and wery, sMll b~ Mmiediatdr due and p~y~blef wMtlwr a nw tMn b~ nwia~ dr
n++ed. atNmpt fo edl~ct o~ wit p~ndep: and tM iv11 anwvnt of tach and ewry wd~ p+ym~nt sMll beu tntKat from th~ daN tMnof uMil p~td d fht
rate of nim pa ~ pa anwm; and ~II s+id aosts. dw~s and txpansss i~wnd w p~id. top~tMt with wch intaNL ~lMii b~ ~cw~d by th~ li~n of thi~
nwrtp+pw , .
6. iMt l+J in the evsnl of anY brtad~ of this Nlonys~ w d~favtr on tM put of ths MORTGAGOR. w N) in th~ ewnt of wtd wnw d ma~e~?
herei~ nf~n~d ro b~ not prompty and fvly paW wi~hin thirty (30) days Mxt afta. ~M wn~ wwrally b~oonw dw ~nd p+yabN, v~ritM~+1 d~nw~d a no~ia,
w(d M tM ~wm sach and ~wry th~ s!ipu4tions agre«nenn. cond~tions and ooven~n» of sa~d pronws~ory not~ and this maqap~ or ~itMr we oa
iuy. pro~nptl~r aod h,~y p.rfo.med, d~charQed, .x.a,t.d. •ff.c+ed. ~anpleNd, comd~.d wkh .nd .bid.d tiy. Nwn tn ~itlMr «.ny' wd~ .wnf t1y satd aQ
prey~h sum m~ntior~d im said promissory note then ~em~inirg w~paid, wiM inhnst asuwd, ~nd ~II mor~y~ wow~d Mr~bp, ~11 b~oon~ dw and p+y~
~bte forthwitA,, w tMr~aher, at the option of said MORTGAGEE, u fully ud compl~t~ly as H all of the a+id wms of nwnty wsn orplndly stipul~Md
to be p~id on wd~ daY. ~1?~hinp in ssid promisswy note « ln this Mort~e ro tM contrary ~otwithstandinpj and NwMrpon or tl~e~taR~? at th~ op~ion of
s+id MORTGAGEE, without notic~ or dMnand, wit at law or in ~quity. ther~fon or tMrsafi~r bay~n, may b~ prw~wt~d a if al) awneys Maxd h~nby
had miturtd pr"Wr to in institution. - -
7. Th~t in t!w want th+t ~t th~ beginnirg of or at any tim~ pe~d'in~ sny wit vpon this Mo.tpaq~. a to fonclat k, or to nform h, or fo ~nfora
paymem of ury dairro Mrewider, s~id MORTGAGEE shall apply ro tl+~ Cairt Mviog jurisdktion thtrwf fw tM ~ppointm~nt of a R~aiwr, a+d~ Ca+rt sh+~~
forthwith appoint a hceiwr of ~alld ?nr.taatrd property all ard sinpular, irKJudu+g atl and sinyvlu tM inoom~ profit~ iswn ~nd rtwnws ftom wMMw~
sowa~ daived. exh ~nd every of whkh, it beirg exp?easy unde+atood, a hereby m«~yaged a if apecifically sN forth and dMCr~ed in the oantinp ~nd
Mb~ndum claus~s hereof. u~d such Reuiva+ shall Mve all the txad u~d ~ffeniw funcrions and powen i~ ~nrwis~ emrust~d by ~ Court q a R~alwr. and
such sppointment ~all be m~ds by svch Cowt u an admined eqvity ~nd ~ manar of absdute ~ipht ro wid MORiGAGEE, and wit!?out nfenna to th~
•deGuscy or in~daquscy of tM v~lw of the properry mwt~sped or b tM sohrency o? insolvency of s~id MORTGAGOR a th~ d~f~nda+tt„ +nd that +uch ~
renf~. profifs, income, issves and rwenws ~11 b~ ~pplied by wch R~cawr ~ccwd~ng ro tM lian or puity of s~id MORTCsAGEE and th~ practia of wd~
Cowt. "
& To d~rly, promptly and fvly perform, disch~ry~, ex~cut~, eHect, compkta, oornplY with and ~Wd~ by wd~ arw! w~y tM stlpulatio~p, ~prw~
cor~d'itioes arK! aoverwnn a~ s~id promE~sory note uwl tha mort9ag~ set fwth. '
9. 7Mt in Hr went tM awnership of the mw?9+0~ Pn~^~. a ariy psA thcreof, becon»s wstd h• p~non othn than t!y N10RT(3AGOR. th~ -
MORTGAGEE, its a~xoesion and +uigna, msy, w+fhou~ norice ro the MORTGAOR, desl with such wccessw or wa~asor in intanst with MfKN~p b tlfq
~ mo~t~ap~ ~nd the deW haeby secured in the same marx~ as with Mw~g~gw without in ~ny way vitiatirg a disthx~inp ths Morts+gors' (i~WIHy M~
under w upon the debt hereby secured. No ssk of the premises hereby mortga~eed arw! no forbearana on ti» pan of th~ MORiGAGEE ot Ns s~rocessws
or auiyro ~nd no eatension of the time fw the pi~nt of the debt hereby secvred ~iven by th~ MORTGAGEE or its woo~ssors a asaiprr„ ahsll opu+b -
~o nlease, dixharye, modify chanye o? affect tM oriyinal Iiab~Gty of the MORTGAGOR her~in, erther in wnoi~ a in pwt.
10. It b specifiully agreed thst time is of the essence of this contract and that no wsiver of aMr obli~ation harw~~dar a of th~ obllpation s~
tured hsreby shall at ~ny time tF~ereafter be held to be ~ waire~ of the terrtis hereof a of ths irotrumem secwd herby.
11. In addition to the forego:ng monthly payments of princ'pal and interest required by the promissory not~ securtd hereby, morfyapor aownanb
and agrees ro pay to mortgagee with each monthly payment an addirionsl sum estimsted by mortyapee to b~ equal b 1/12 of the anrw~) cosf of fh~ fd{ow-
ing:
A-All real property taxes kvied or assessed against the sbove described real estate.
B-Premiums o~ firo ~nd windstwm iosurance as herein requ~?ed to be cs~ried on the improvem~nb irlwt~ on th~ sbove dexr~ed pr~mhp.
C-Pruniwns on wch mortgage gwranty inwrance as mortgsgee shsll from t~me to time deam fit to cany on ths ban sewred hereby.
Mortgagee shall from time ro time notify matgagor in writing of tl~e amount due and psysble hereurKler ~nd tuth wm shsll therwpon b~ dw and
payaWe on the due date of the next monthly psyment and each successive month tFiere+fier until mortQsye~ shall notify mortqapor of • ch~n~e ln such
amount. Such suins shsll be applied by mortgagee toward the payment of real property taxes. intwante pra~liums, snd morty~o pwra~Ny imur~nt~
` p~emiwew.
.
IN WITNE55 EREOF he said TGAGOR has hereunto set his-hsnd and seal tht d~y ~nd ytar fitst afor
I' ed ' of:
A
; n
rs..n
STATE OF FLORIDA ~
~~,,,TM ~ 3t . Lucie _
~~~Ny app~~ Me lvin T. Fo lbre cht _ ,~,a
Ann S~ Fn1t~rA cht h~s w~te, ro o+. ~I~ k~ww~ .~,d k~w~, w~n. ~o b.
the irw~vidwb dasvibed in ~rd vrho ~xecur~d th~ fore9oinp Latnrmwu. ard adcnowledpad b~fon nw tFwt tMp ~x~arced tM sam~ for the purpae~
the,.i„ .,~p,.,..d. Md U,. „ia Ann S Fo lbre eht
~;f, ~ ~ Me lvin T Fo lbre cht - , , ,.p.,,a ,~,a p.~„w
exam7n~tion by me tsken sepsrate and ~psrt from her aid husb+~d. +dcr~ovrlsdped to and b~iw~ m~ tiwt sl» sx~cubd ssid inatnanent frNly and voluet
tuiy ~nd witFaut +nY compvblorp wrorraint, ~pprehans' oe~sar of « from hK wid FN»lw~d.
WRNESS my Iw~d and officisl seal th~~ d~y A. D. 19~
Public in .nd ta. d+. Stm of Flo~da ~1 L,rp.
N?r comnissior. .xPk+a '
,.~nu~y~~~'. ~,i -
RNwn To, „ ~
Fiest F~wl S~vinps ~ L,oan A~sotiation ~ ~ ~ M 1 .y ' ~ %
~
NOTARY PJ?L;C, S'AT~ af F:~~f DA at lkRrB • •
Of Fwt Pierce. ~ _ ~ . _ ~ - r • • '
~wt Pisroe. Florida ww CQ'~5;.!lSS;C~~ ~ ; Pi:?'!. 29. 1SS8 . ~ . • ,
. DED THAGUGN FRFO 1y. DiESTEWOR~7' L~ ,
- , ~ ~~s9 :
t ~y-`•• ~ ~Gy -y ~I
~ ~ < _ ~ .
' J ~ . ~ ~ '~~-••~71~ •
~ ~ .
o Ni-~-~o• oy ~~~.~;~~v~
'6Z E~~~ 2 ' .
i~O~JE:+: i•Ot7R~S 0 R 165 PAGE IJV~
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