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To plaa aed continuously ke~p on tM buildinp~ eww w lwr~aha wtwt~ on uid land ~nd on ali puywnNM ~nd pMSOn~llp oownd bl? N0s nw~~P
p~, witA all premFwns ~hena~ paid in full, fin inaur~nc~ in ~M usw~ sundard policy fan~, in • wn~ +ppowd bY ~M MORTWIGEE. ~nd `ai~ton~
imwana in tM vswt uu?dard poliey• fam. ie • suen ~pp.ovad by tM MORTGAGEE. Y? sueh tonp+nY a aomP+ei~ ~s tM 1NORTG/1tiEE ~1!
dk~cq u~d all M~ ~nd w~n~bwm+ inswana P~k~~ on sny of sald build'ag~„ an~r ht~?Nt tMnh o~ pwt th~nof, in ~~pp.ap~N iwn afaMaid a?
In acceu tM~~oi, shall contain tM uaval u~ndud morrgage~ clwsi w wch whK da~ ~s tM Maq+pM m+1? hq~riM, m+kMq th~ bW wd~ s~id 0~'
ci~s, ~ad~ aod ~vKy. p~Y~We ro sak! MORTGAGEE as its interest m~~ appwr. a~d ~ad~ and tvay wd~ polky ~Mlt b~ pronptlp astpn~d ~nd d~liw?~d ~o
any h~W by ~aid MORiGAGEE as furthe~ secwity ro s~id mort~sp~ dsW, sr~, not las tMn tM? !10) d~ys In ~dvana of th~ txpiratan of ~ad~ policY, to d~
tiv~r ro said MORTGAGEE a renew~l th~reof, wpedwr witA • rec~%pf for fh~ pnmium of auch ?~walj ~nd tMn ~1+~I1 be no f~n a wind~twm Maw+na
pl+ad on u~y of s~id twildir?ps, ~ny i~te~esf tMrein w put therwf. unkss in tFw fam and with tM loas p~raW~ +s afonwidt and h Nr ~wm ~n1r ~w~+
of mon~y b~corn~~ p~yabt~ vnder such polky w policiss said MORTGAGFE sh+ll haw tM opt~on to noeiw ~nd ~pply th~ s+rn~ on ~ao~nf of tM ind~bad~
ntas s~cund Mr~by a ro perm~t s+id N10RTGAGORS to ncsiw and us~ N w any psrf therwf for other pwpos~s, without tFw~~by waivinp or imp+ir~
inp any puiry. lisn w riyht vnde~ or by vinw of this morty+y~; a~d in +M ~wet wid 1NORTGAGORS ~MII fa any n+son f~il w k~ap th~ uid pranis~s w
inwnd. w fail b d~livar promptly ~ny of sa~d policies of inwrana ro said MOrtTG/?C,EE, a f•t~ ao~ty ~o p+r fu~y +~y Pn^+iwn tM~~fa ~ ~r~r
r~ap~et fail w perfw~n, dischirqe, ucecute, ~ffect. compkts. oon?Ph? wirh ~nd abid~ by tl~is oownint, or sny prrt lwrwf. s+id MORTGAGEE nwy pba and
WY fw such tnwrana a ~ny part tMreof without waivinp a ~ffectirp u~Y eMion. ~1~n, puib. or ?ipM u~ a by vinw of thi~ Mapp~. and tM
fuii srnount of ~sch and evsry such p~yment shill b~ im~+ed~a~efy du~ and p~rabl. aod sh~l1 b.ar tnar.sf fran rh. da» d+.rwf wuil p.id ~t N» ~~h of
nin~ p~r o~ntum pK s~+num and togetArr with wch interest shali bt setvnd by th~ I~n of Mk tnorp~p~.
1. To p~m~it, aanmit or suHar ~o w~st~, impiirment or d~terioation of ssid propsrty a~nr p~t tM?~of.
5. To pay all snd sirgvla tM cosb, cha?pas ~nd expa+ses, includ'rg a?sasonable anomey's fN and aosri of abKacl~ o~f tttl~, baKr~d o? W~d ~
any Yune by ~aid MORTGAGEE, bec+um or in the ~vent of the failwe on th~ put of tM s+id MORTGAGOR 1o duty, promptiy a~d tvi~l? p~forn4 ~R
~:ecvte; ~ffect, oompkte, rnmply wi~h ar+d ~b~de by each and every the stipulati«w .presmenn. c«~Gtio% and oown.nn of wW pr«ni~wry non +nd ~
maty~g~ any or either. and said costs, d~arpes +nd ezpenses, csch and tvery. sh~l) b~ imm~diat~ly due ~+d pay~bbt wMtM? o~ no1 tAK~ b~ notia d?
mand, sttempt ro colkct w wit pend~ng; and th~ fvll amount of each ~nd we.y wch p~ymsnt shall bes. int~res~ fro~n tM d+» tMrwi unNl pNd at th~
rate of ni~e pcr centum per amivm; and all said costs, charges and expenses iMVrred or p~id, ropetMt wiM wch Mftntt. ~Iwll b~ Nour~d by th~ ~ia~ of 1hi~
'norty~p~•
6. llwt in the evenl of any brcxh of this Mortysye or def~vlt on ttr p~~t of ths MORTGAGOR, or In th~ ~wnt ~ d u~d ~u~ of enoMy
herein referred to be not p~omptly and (ully paid within thirty (30) days next sfter the sam~ severally b~can~ dw and p~yaW~, without dNnN+d Or notiu.
o~ in the event cxh and every the stipulatiom, sgreemenn. condi~aro snd coven~nb of s~td prani~o?y not~ and th~s enap+p~ any ot NM~a u~ eol
luly, prompNy ~nd fvlly perfwmed, d~scl?arged, executed, effected, compl~ted, complied with ~nd abided by, tF~e? in ~itMr a any wch w~M tM Nid aP
pregate wm mentio~ed in said promiuwy note then remaininp unp~id. with interest scuwd. ~nd all mot~eys aKw~d. hb~by, ahdl b~oom~ dW ~nd palh
able forthwith, a theresfta, at the option of s~id MORTGAGEE, ~s fully and completely ~s if al) of tM wid su~s of roontY wK~ oriplM~~1? N'~vlaf~d
ro be pa~d on such day, anyth~ng in sa~d promissory note or in thts MatgsQe to th~ contrary nmwitMandinpt ~nd tilwn~pa~ a tMnaftN ~t tM option of
said MORTGAGEE, without notice or demand, wit at law or in puity, thuefore or tMrsaftet bsy~n, nwr b~ proNwt~d a~ if aU nwntyt NO~?r~d Mt~by
had matured ptiot to iri institution.
' 7. That in the event that at the beginning of w ~t sny tims pending any wit upon this Morty~. o? to for~tloN i1, o/ 1o nfOnn M, or to ~n~o~a
payment of any daims hereu~der, said MORTGAGEE shall apply to the Cou?t h~ving 'ryrisdiction therwf fw tM appointm~nt of ~ Ru~ivu. wth CovA shdl
f«thwith appoint a receiver of sai~ moctgaged property alt and singulu, i~cludmg all snd siegulu tM a+oan~ profi», ttswt ~i+d nv~nw~ fran wMtwN
sourc~ derived, e~ch +nd every of whtch, it being expreuty under:tood, is hereby mortpsged a if spscifiully set forth a~d d«cribd in 1hi ~ranerp and
habendum clavses hereof, and such Receiver shall Mve all the brosd and effective furxt~ons and powen in anywis~ entrusl~d bY ~ Court p~ R~pivM. ~^d
such appointment shall be made by such Court as an admitted equiry ~nd ~ mitte+ of absolut~ r'gAt to s~id MORiGAGEE, and without nf~nna ~o th~ _
adequaty w inadequacy of the va~ue of the property mortpaged or to the solvency or inso~wnty of s~id MORTCsAGOR or tM d~hnd~nt~, and tMt such
rents, profib, income, iuues and revenues shall be applied by such Receiva~ atcordinp to th~ lie~ a equity of wid MORiGAGEE and 1M pracfiq of svth
Co~rt.
8. To duly. promPtly and fully pNtorm, diuhsr~e, execvte, eHect. tompkle, canplY wiM ind ~bid~ by Nd~ a~d ~wry fh~ ~tipulatiom, aprNnMnfs.
conditions and covensnts in said promtssory note and this mortgage xt forth. ' .
9. That in ths event rhe ownership o: the nwrty+ped P?em~ses. o. +nY P+~t NKreof, becames wst~d in a p~non otlw th~n th~ MORTGAGOR, th~
MORTGAGEE, in successors and suig~s, msy, wi~hout no~ice to the MORTGAOR, deal with svch sucutaw w waMSOr in iMerat with nfar~na eo th4
mortgaga ard the debt hereby secured in the same manner as with Mwtgagor withovt in My way vitiati~g or d'attwryirg th~ Mort~+pors' U~bflity !r?~
under w upon the debt hereby secured. No ssle of the premises hereby mortgaged snd ho fabtawna o~ th~ put oi the 1I110RTGAGEE w its wooe~wrs
o? assigns and no extensan of the time for the payment of the debt 1?ereby secured y'rven by tM MORTGAGEE w ib ~uco~uan a assipta, aMlt op~r~N
to release, dixF~arge, modify change or af(ect the originsl lisbiliy of the MORTGAGOR herein, ~itMr in wFwb a in p~rt.
10. It is spec~f'~cally agreed that time is of the essence of this cni~tract and th~t oo w~iwr o? u~y oblipation Iwr~r a? of ths obllpation N~
cund Mr~by shall at any tim~ thereafter bs held to be a waiver of the terma harsof a of the i~utrurtaM sKw~d F~by.
11. In bdd~tron to•the forego:ng monthly payments of princ:psl +nd interest nquired by the pran'wo+y note secwed hereby, morfQ~por oownaMs
and agrees to pay to mortgagee with each monthly payment an addi~ionsl sum estim~ted by matgagee fo b~ equal t0 1/12 of fhe amwl aost of th~ fOllow-
irg:
A-AO real property taxes levied w assessed against the above dexribed real esbte.
' B-Premiums on fire and windstorm insurance as Ixrein reqv:red to be urried on the improvemetNS situaf~ on the abov~ dlWib~d ptMeiNS.
C-Premiums on such mortgage guara~ty insurarKe as mwtgigee thall from time ro time deem fit to urry on fhe ban Ncund h~nby.
Mo.tgagee shall from rime to time norify morrgagor in writing of the amount due and p~yable herwnder ~nd wch aum thall tMtwpon b~ dw ~nd -
payable on the due date of the next monthly payment and each successive month theresfter vnti) motfps~~e shall notify rrw?fp~got of • tF~np~ in wch
amount. Such sums shall be applied by mwtgagce ~oward the payment of real properry taxes, irowance premiums, and mortpp~ ~wrMty infurar?c~
premiums. -
IN WITMESS WHEREOF, the said MORTGAGOR has hereunto set his hand and sesl the day and yNr t ~foraaid.
' ned, Swkd and liv i the presence of:
n
0
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STATE OF FLORIDA ~
St. Lucie
cour~n oF
defwe me penorwlly appeared T l nvr~ T8,~1 nr and
Cl o t i l d e F~ Ta vl ~r his w;t•, ro m. wdt k~wwn .na known +o n+. w b.
ths (ndivklwb desvibed in ~nd who ~xecuted the fore9oirg instrwnent, and xknowledped b~fors m~ th~t tFKy ex~cuted ths sam~ for the purpass
~,~M .xae,xa. ~,a .,;a Clotilde F_ Taylor
wife of tht ssd L1Q,vd Teylor - , upon • seP3at~ and prwa»
examination by me taken sep~rate and apart irom her ssFd husband, ~dcrwwledped to and befor~ rtK th~t s1a txetvted wid instrumeM h~ely and volvrf
rarily u~d witl~wt a~ryr compukion, constraint, sppreher~si+o~n, ot feu of or from her wW husband.
` WITNESS my hand and official seal thi~ (X.~_ day of Ani'il R. D. 19~
;
~ , • Not Public in a+d for th~ St~b of florida at larp~ )
~»~~un~~.,~ ) ' ~.,r ~ . , ~ My IOfI ~Xpl~~f:
ra F1LE0 ~NO -Q~
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Fint '(a~etal• $a~~~igs. t ioan ~?ssoc~at~ ~E 0 ~ • g~~ t:- _
~ ST. LUG~I~Z'0 NTY~ F 1`y~'•Y rJ.•r, - C! ^,:953
' Of ~o.t Pse.q ~ LA. tA Ccm~t ss » _ •t ~ _ ~
RECORD V.ERIFIED Lon~-s j:~:. '-'-s~~~t~~. c;; ~3. Y.
_ ~ ~r+~R~a;; F~~' _ : ~ ~
_ _ - - ~ ~ . ~ . ~ : 15555s 3 ~ G
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~ ' ~ ` ;Y . • ~ .~s~~ ' ~ t
~ ::o~~R ~~O~TRaS ~
CLERK CIRCUtT COURT
~ 600K 1l)!) PAGE ~ ' • ~ ~ :
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