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To plau and contirwously keep on the buildinp~ now or he+eafiK wtvat~ on ~aid land ~nd oe dl puipnwnt w+d P~soMlb ao~wr~d bY tl~s ^~q'
p~, with ~11 pnmiums Ihtrcon p~id in full, fir~ insv~~nce in the wwl studard polic~r form, it ~ w~n ~pp~owd bY tM MORTGA~iEE. M~d wind~tonn
iniuru~ce in tM uswl i~~ndard pol~cy fam, in • sum approv~d by tM MORTGAGEE, in wcA canp+nY a oompania th~ MORTGA4EE ~y
direct~ and ail iin u~d windsto.m i~surance policies on u?y of s~id buildinps. any int~nat tM~ein w p+rt tMrwf, M~ tM ppn9+q sw^ ~~a~+tid °r
in ~xua the~wf, sMll cont~in the uswl itandud ma~9age~ claus~ a wch othH dau~ a_ ~M Mc?t9p~ m+Y ~quin. ~*+kinp t~ ~ w~ N'd polE
cie~, e~ch u+d ~vKy, paysble ro said MORTG4GEE as its interest en~y ~pp~ar. ~nd ~ach and ~very such policy ~II b~ promptly ats;p~ed ~nd d~livK~d fo
~ny held by said MORTGAGEE u further seturity to said mort9a~ debl, ~nd. ~ot I~u tMn Nn 1101 day~ in ~dvana of t1s~ ~xpFration of Nch polky. to d~-
I~ver ro s~id MORTGAGEE • renewal the~eof, toge~Mr with a receipt iw tAe pre.niwn of such nnewalj a~d tMn sh+ll b~ ~o f'u~ or w~r+ditae+ insvr+na
plsced on ~ny of said b~ildinys, any ieterest tFarein or put tMreof, vnless in tM form and with tM loss p+y~bl~ ~s afaaaWt and in tM ~vMt +ny swn
of mo~sy becnrn~s p~yable unde~ wch policy or po~icies ~a~d MORTGAGEE shall h~w tlw optan to reaiw ~nd apply tM sartN on ~ccaHN oF th~ 1~d~bad'
nest setwed Mrtby a w permlt said MORTGAGORS to receiw ~nd v~ it a any part thereof fw other purpous. without thtrob/ waivinp a~mp+i?-
ing ~nY p~ity. lisn w ri9ht u~der or by v'vtw oi this mort~~et and in ths ~wnt ~aid MORTGAGORS ahsll fa any nason fsil to k~ep tIN s+k! pr~mis~s w
insured. p fail W delivar promptly ~ny of ssid policies of ir+i~xanc~ ro s~W N10RTGAGEE, o. f~~i ao~~N wr ~+~N +~+r w«~~~+ ~ti«~ro. « M a^y .
respect fail to psrfonn, d~scharge, e:ecvts, effect. complats. comply with and ~bide by thls tovenant, a ~ny put I~wf. s+id MORTGAGEE m+y plac~ and
paY fo? wd~ iiaurar~d or ~oy part tMreof wi~hout waivinp or affectinp any option, Ikn. equity. w ripht undK w by virtw of thls Mortp+p~. aed the
full amovot of ~ad~ and ~wry wch payment sh~ll be immediat~ly dw ~nd payabb and shill be~r intK~st from th~ dab Mtrwf unHl paid ~t th~ wt~ oi
nine psr pntum pq anrwm and to~e~he~ with such interest shall be secured by tM liwn of this tnort~+p~.
I. To p~rmit, corw+wt or suffat no w~st~, imp~irment or deteriontion of s~id propKry or any put tMnef•
S. To p+y all snd ~np~lar the costs, charges +nd expenses, includirg s reasoo+bb ~ttwney i fN and eost~ of ~Mt~acts oi Htl~, fncw~~d or paW at
any tims by said MORTGAGfE, bacauae or in the event of the fsilwa on tlw p+n of th~ aid MORiGAGOR b duly, p?omptly ~nd tvlly pKfw~n, di~clw~t
execute, effect, aompkte, comply with and ab~de by each and every the stipubtian, a9reemenri. condi~io% +nd aow+yen of sa~d praai•w+y ~not~ +nd ~hi~
mortgage any w either, and ssid costs, cMrges and expenses, each and every, shsll bs immsdiat~ly due snd p~ysbl~t wMtMr ot not tMr~ be notip-d~
mand, attempt ro colkct or wit pe~d~~+gr and the futl anauM of sach ~nd wery wch p+ymeM ths~l bear intK~st from t!N date tMnof until p~W N tM
rare of nine pe~ ce~tum per a~num; and all said cost~, chuges and expenses incvrrd w p~id, tog~ther with ~uch {nt~rpt, ~hal! b~ sKUnd by th~ li~n of thi~
mort9sy~. -
6. ?hat in the evem of any bresch of this Mortgage or default on the part of the MORTGAGOR, or (b) in th~ w~nt ~ny of said twm of nwn~y
herein referred to be rat p.omprly and fuUy psid within thirfy C30) days oext afte~ the tam~ sevaa~~y b~torn~ dw ~~d WY+bb. withoW dM^~^d w^°tiu.
or (c) in the event each and ew+y the stipu~atior+s agreements, conditions and coven~nn oi s~id promissory note ~nd tAis nwnpap~ any a NtM? ~n nal
iuly, prompNy and fully perfo.med, d~scFwrged, execured, effected. completed, c«nplied with and abided by, tFnn in ~itMr w any such w~nt tM ~aid p~
gregate sum mentaned in uid promiuory note then remaining unpaid, with interest acaued. ~nd ~all moneys tecund. hu~by. ~MII b~oo~eN dw ~nd pay~
able forthwirlw, or theresher, a~ the optio~ of s~~d MORiGAGEE, as fully and complNely as if all of the ssid sunu of momy vwn aipin~l~Y ~Y~pulatd
ro be pa~d on s~ch dsy. sny~hiny in wtd promcuory note or t~ this Mortpage to the tontrary notwithstandinp~ and tMnupon w tF~ertaftK ~t th~ option Of
ieid MORTGAGEE, without notice o~ demand, suit at law or in eqvity, tlxreforo or Nwteafter b~pvn. ~y b~ ptos~cvUd a if ~U ma~tys t~wr~d Mnby
had matured prior to its institution.
7. That in the event that at tFx beginning of o? ~t any time pending u+Y s~it upon this Mortpa~s, or fo fohtlw~ h, or 10 ?~fonn h, ot to ~nforp
payment of any daims l+ereunde~, ssid MORTGAGEE shall apply to the Court havirg jwisdictia? ti~ertof fOr•tM appoiRt~+~nt of a RKtiwq wd~ Court sh~ll
forthwifh appoint a receiver of sai~! mortgaged property atl and singular, uxlud~ng all snd sirgul~r th~ irKOm~, p~ofits, II~WS ~nd nw~us~ from what~vN
~ource derived. each and every o~ which, it beirg expreuly understood. it hercby matgaged st if apecifiully kf forth u~d dNtrib~d In thi ~rantinp Md
habendum clauses hereof, and such Qeceive? shatl have ~II the broad and effettive functio~s and powen in anywiu eMtust~d by ~ Courf p a R~CiirN. ~nd
wch appointment shall bs mads by wch Cowt as an admitted equity ~nd a m+tte? of ~bsolub rgM Io s~id MORTGAGEE, a~d witlaut nfb~ne~ 1o th~ ~
edequaty or inadequacy of the value of the properry mortgaged w to the sohency w inw~vency of s~id MORiGAGOR a th! d~fMdanri, and that ~uCh
re~~:, profits, incorn~, issves and revenues shall be appl+ed by such Receiver accordinp to ths lien or ~quity of uid MORTGAGEE ~ed tM pr~ttla of wch
Coutt.
8. To dvly, pramptly snd fully perform, d~scharge, execute, effect, eomplete, tanply with end abide by tath ~nd ~wry tM stipvlafionf„ aptNmM~tr.
cond;tans and mvenana ~n said promissory oote and this mortgage iet fwth. ' •
9. iFut in the event the ownership of tl+e mwtgaged premises, w ~ny part fi~aeof, beoomes wsf~d in a pKSOn otM~ fMn th~ MORT~AGOR. ih~
MORTGAGEE, irs succeuon and suig~s, nuy, without notice fo the NIORTGAOR. de+~ v~ri~h ~uch woc~uw w wia~s~or in im~rat wnh r~fenna w tF~is
mortgsge and the debl hereby secured in the same marn+er as with Nbrtgagor without in ~~y wsy vifiatinp w d'atharyinp the NbtlpapOrt' (Ubllity ht~
under or ~pon the debt hereby secured_ No ssle of the premises I+ercby mortgaged and no forbeanna a? tM pa~t oi tM MORTGAGEE or Ns wotetson ~
or a:sigr?s a~d no eatcnsion of the time fw the payment of the debt heraby secured yiven by the MORTGAGEE w its succes~ors o? utipns, ~h+~~ opKab
to release, dischuye, modify charge or af(ect the original liability of the MORTGAGOR herein, either in whole ot In put. ~
;
10. It is specifically agreed that time is of the essence of this contract s~d that ra waiver of M+y oblipation Mr~under w of fh~ oblip~tion N- ;
cured hereby shall at any time thereafter be hel~ to be a waiver of the terms hereof w of the irutrument tecur~d haby. ~
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I1. In add~tion to the faego:ng monthly payments of princ'pal and interest required by fhe promiswry nofe seturtd hereby, mort~a~or-QOVManb
and agrees to pay to mortgagce with each monthly payment an addiiwnal sum estima~ed by mortgspee to be eq~a! t0 1/12 of tM amu~l cost of th~ follow-
ing:
A-All real property taxes kvied or assessed against the above described re~l atate.
B-Premiums on fire and windstorm ins~rance as herein requ~red to be tarried a+ the improvemenri i~fwte on ths above dtWib~d ptM1iNl.
C-Premiums on such morfgage guaranty insurar~ce as mortgagee shall from time to time de~m fit to utry on tM Iwn aeCUr~d FNrtby.
Nbrtgsgee shail from time ta time notify mortgagor in writing of the artwunt due s~d payabk-hereunder and suth wm shall fh~teupon b! dw ~nd
Favable on the due date of the next monthiy payment and each svccessive month thereafter until morfpagee shsll notify morfg~gor of • dtanp~ (n such
an,ount. Suth sums shall be applied by mortgagee toward the payment of real p?operty taxes, insurance premivms, and morlyape ywrMty tnwtufcR
~ premiums. _
IN WITNE55 WHEREOF, the said MORTGAGOR has hereuMO xt his hand snd seal tM day and r fint ~foraaFd.
! iyn Sealed and del' ed i presence of:
~ <..~.~1~, n
~ ~ n
~ ~ n--o
~--o
STATE Of FLORIDA ~
couvTV oF St. Lucie - ~
Befwe me penonally appeared Howard Freneh ~nd
Cl advs FrAnr!h 1,;s wHe, ro me we~~ known and known a m. to b.
rhe individwb described in and who execvted the fwegoirg instrument, and adcrawledped beforo rtw tMt they ex~wted tF~s sartw fw tM purposes
~herein e~.e,~.a. ~,a ~r~ Gladys Freneh
Nife of ~i,. ..~a Howard French - , ~ , .~a P.~,a
e:am~naYan by me taken separate u~d apart from her said hus nd, +cknowtedged so end befo~e rn~ thst shs exearted said imtrument f`rKly and vol~o-
rar~ly and v~rithout sny compubion, constraint, spprehensan, o~u of or from Mr aid husband.
WITNESS my Fwnd and offici~l seal this day af A. D. 19~
~
• Not~ry Public in and fot ths St~t~ of Florida af lup~ -
My Commiuion ezpk~ss
Retum Ta ~ • ~tiry ~;C, Sti+p ~f qorida at larg~
first Feder~l Savirgs b Loan Associstion
Of for? P~erc~. ~Ay Commiuion Experes lio~. 3. ~9~,~;
w.a.d ~r ~•4 F.. a c.w~ cii~=~•~
Fort Pierte. Florida t•7:~rJ~~, ~
FILEO ANO RECORQED ~GICR7,,
S7. LUCIE COUN7Y. FLA. - •
RE.CORD V~RIFIEO - ~ ~ .
_ 1556~? . _ ` ~t~ r n , , ~ "
G~~"" t, ~ a ~ .
'67 ~ APR 28 PM 3 : 9 ~~i
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i:t~; ..f% . OITR'•$ •!'~f' c, .
_ CLERK.CIftCUIT COUR7 ~ ~K~~ ~ ~ ~
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