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- „ To plaa ~nd aoe?tlrwwwlY tu~P p+ ~M bvildirps now a Mr~sf»r un?+n on satd land u~d on all puipmM and pa~on~lly oovv~d by tht~ nar~
p~. with ail pneni~pm ther~on pald in full, fin. iruw~na in th~ uwal suodsrd polky fan?. in • sven ~pprowd by tM MORiGAGEE. and windttorm
~nswancr in rh~ uswl tundard Po1KY fo.m. in a ~wn •pp~owd br ~h. MORTGAGEE. G+ w~h comp~nY a cor^P+niti a tM MORTWIGEE nWy
d~?acq and sll fin uid w'w+d~arm ioswaea polki~s on ayr of s~id build'u~, ~ny htN~st tl~~in w part ti+K~of, M th~ ~psq wrt? ~fora+W a
in ~xdss tMnof, shali ca+taln tM uswl uandard maty+pN d+v~ a such otha d+uN tM Atio?tp+yN m~y reW+k~. m+liup tFw loas ued~r a~d po~~
ci~s, sach and ~wry. WYsbl~ to wid MORTGAGEE a ib i~te~est may ap~ar. u+d ~ad~ and ~wrY s~ch Po~KY shsli b~ p.omPty ass:p~ed u~d ddiwrd W
.ny Mld by ~aid MORtGAGEE a funh.r s.cwity ro s.id monp+p. debr, snd. not Mss than tM (10) d+ys in advanu of tM ~xpir~Yron of Nch policy, ro dr
I~ve~ ro s~W MORTGAGEE a r~+ew+l tM~wf, topetl+~r with a reaipt fa ths prtmiwn of such ~e~ewalj and tF?K~ shall b~ no f'u~ a windstam inswsnce
plscyd on any of said buildirgs. ~e?y int~rpt thenin a put tl+Kwf. w+ku io ~M fum aad wi~h tM bas pay~bl~ +s at«~ssWr snd to tM ~vsnt aey swn
of nwnsy becarws p~yabl~ unde~ wch poliry o? pol~ci~s s+~d ~MORTGAGEE shail haw tM op~ion ro reoeive and ~ppy tM s~me on +ccoun~ of tM ind~bt~d
neu s~twed hanby p b pKmif a~id MORTGAGORS b ndiw and u~ if or any pat thereof fw othe~ pu~poses, wilhout thareb~ waiv4~p w unpa'a-
iny any eqvity, lisn or right w+der or by virtw of this mortp+pe; .nd ~n ~h. •rem s+~d MORiGnGORS sMll for any ~.ason f•tl ro ke.p ~M wW pnm~~es so
inwrod, a fail w deliver pranptly any of iaid policies of auw~nu to s+id MORTGJ?GEE. a fail p?omptly to p+y fvily ~ny praniwn thKefo? w in ~ny
r~spsct fail ro pafwrn, d~schar~e. ex~cvt~. ~ff~ct. oompl~t~. comply with ud abid~ by thi~ covaunf, or, ~ny p~~t hK~of, said MORTGAGEE may pl+u and
paY fa wd~ inswu~ or ~ny part tMraof witho~» w~F?inp a aff~ctirg anY aMion. ~~n, p~itY. a ripht undK a by virtw of this Mort~+p~. ~nd tM
full smouN of each and ~very such paymen~ sh+ll b~ imrnedi+b~Y dw ~nd Wyabi~ and sh~ll bsu intered hom th~ d~t~ thereof w?ril paid N ths rat~ d
~~ne pe? centvm per annum and wgether wi~h tuch inte~est iF~+il secwed by tM 1'~tn of Mis mortp+p~.
1. To permit, conunit w wffK no wast~, imp~i?ment « detaiontan of said propKty w any part thereof. `
s
S. ?o p+y all ~d sinp~lar /M costs, ciwrya and exp~naes, includinp a na~oe+bl~ +»wneY's fN and cotts of ~bstraett of titi~, incvnad or p+id y
any tims by said 1NORTGAGEE, becavs~ or in tM ~wnt of tM failun o~ the put of the sak! MORTGAGOR to duh/, p~on+Ptb fi+~~Y P~a^~.
execute, effed, oomp.ete, comply with and ab'~de by e~ch and every ths stipulations, apreemenn, ca+d~t~o% and aownann o( atd promiswry noro ud rha ~
mwtg~pe any a a~he~. snd said coan, d~u9ss and expenses, each and ~very. ~11 bo immedia~ely due and payaWes wl+ether w not there be notiq dr ;
mand. attempt to collect w wit pendiegj ~nd tM full amount of each and ewry s~xh payme~t tMll bear inter~st from the date tFKreof until p~+d a1 th~ ;
rafe oi nine per centwn pe~ an~wm; and ~It s~id costs, charp~s and expenses i++cwrsd w paid, togNher with s~xh inter~st, sh+ll b~ secvr~d by tM li~n of tha i
mortya~~ "
6. TMt (aJ in the eveM of any bresch of this Mortg~ or defavlt o~ fh~ p~N of the MORTGAGOR, w(b) in tM ~vem. ~ny of s~~d swea of mon~y 4
herei~ roferr~d to bs not p~omptly and fully p~id within thirty (30) days next sfter the same aeverally betome dut ~nd pay~We. withow dMnand o? noY~ct, ~
or (c) in the event each and every the stipuletions, ~yreem~nn, conditions and oove~nh of sa~d promiuory note and thFS monpape +nr o~ eithtr art nw i
iuly, promprly and fvlly perf«med, discharyed, exea,t~d, ~ffecred, canptebd, complied with a~d abided ~r, then in ~itlxr a aoy such ~vsM tl» wid ap~ :
gregate wm mentaned in said promiuory ~ote then remaini~g unpaid. with intertst acuued, ~nd atl monsys s~cured hs~eby, shall b~come dw +nd p+1N
ab~e fonhwith, or theraafte~, at the option of uid MORTGAGEE, ~s fully ~nd compktely as if all of the said wms of money wen a~piMly st~polated
ro te pa7d on such day. anythirg in sa;d promisaory note a i~ this Mwtys9e to tM ca?tnry notwithstanding; snd thereupon o~ thereahe~ at th~ op~ion of
se~d MORTGAGEE, without notice w demand, wit at law w in equity, therefon w thersaftcr begun, may be prosec~ted a if all maMyt Ncured hereby
had mafured prWr fo iri i~stifution.
7. That in tAe eve~t that at the beginning of or st any time pending any wit upon thi~ Mortpaye, or to fo?eclos~ M, a to refonn h, or to enfwq
payment of sny tlaims hereunder, s+id MORTGAGEE shall apply to the Court Mvi~g jurisdictan thereof fw the +ppointment of ~ Receiva, sud+ Cax1 sh+ll ~
forthwith sppoiM s rocriver of wid mortgaged properfy all u~d siigulu, intlud~ng all ~~d singulu the intoms, profits, iuues u~d revs~ues from whatever
sou.ce derived, each and every oE which, it beirg ~xpreuly understood, ia hereby mortgaged as if specifically set fwth and dewibed 'n~ the 9r~nYug u?d
habendum deuses hereof, and such Receiver shall have all the broad and effective funct~ons and poweri in ~nywise entrusted bp a Cowt to a Receiwr, ~nd
:uch appdntment ihall be made by wch CouN as an admitted equity ~nd a matter of absolute right to ssid MORTCaAGEE, a~d without refc?ence b tM
edequacy a inadequacy of the valw of the prope~y mortgaped a to the soNency w insolvency of said ARORTGAGOR a tl+e defe~danfs, ~nd that svch
renrs, profin, income, issues and revemxs shall bR applied by :ud+ Receiver sccordiny to tM lien w eqvity of aaid MORTGAGEE and the practia of such
Court.
8. To duly, promptfy and fully pKform, dischary~, execvte, effect, compkte, comply with and sbid~ by each and ~very tM stipubtions, apr~nents,
condiYans and covenants in said promissory rate and this mortgsge set fath. ' ,
9. That in the event the ownership of the mwtgsyed promises, or aay part thereof, becnmcs vested in a penon othe? than the MORTGAGOR, tM
MORTGAGEE, its svccesson and suigns, m+y, without notice to the MORTGAOR, deal with s.xh s~ccessor a wttessor in interest with refa~nce to this
mortgsge and the debt hereby secured in the same manner ~s with Mwtgagw w~thout in sny w~y vitiatin~ a dFscFwryirg the Mwtyagws' li+biliy herr
under or upon the debt hereby secured_ No sale of the premixs hereby mortgaged and no fwbearance on tha paA of the MORTGACaEE or in waesson
Or assgns and no extension o( the Yune fa the psyment of the debt hereby secured given by ~hs MORTGAGEE or ib wccesson a assig% ~hall opaat~
to release, dixMr9e, nadify thange ot affect the wiginal liability of the 1NORTGAGOR herein, either in whole or in put.
10. It is specifically ~greed thst time a of the essence of this contrsct and th~t no waiver of any obl'gation hereunder or of ths obllpation sr
cured hereby shall at ~ny time thcrcafter be held to be a waiver of the terms hereof a of the instn,rnent secured herby.
11: In add~tion to the forego:rg monthly paymeMS of princ'pal and imerest required by the promissory ~o1e secu~ed hereby, mortgsgor toveeanri
and agrees to pay to mortgagee with each monthly payment an addilionsl sum estimated by morlyagee ro be eqwl (0 1/12 of the annual cost of the follow-
ing:
A-All real property taxes kvied or assessed agai~st the above describr! real estate.
B-Premiums on fire and windstorm insura~ce u herein requ~red to be prried on t!?e improvemenri situale on the ebove described premiaes.
j C-Premiums on such mortgage gwranty insuranct as matgsgee sha~l from time to time deem fit to carry_ on the Iw~ secured hereby.
~ Mortgagee shalt from time to time notify mwtgagor in wriGng of the amoum due and payable hereunder and such wm shall thereupon be due and 4
Fayable on the due date of the next monthly payment and each suttessive month thereafter until mwfgsgee shall notify mwtgagor of a change in s~ch ;
a~,ount. Such sums shall be applied by rtwrtgagee toward the payment of real property taxes, insurance prem~wns, ~nd mwtgsge pwr~nty insuru~ce ~
~ premiunf!_ •
IN WITNESS WHEREOF, the said MORTGAGOR hu Frcre~rnto set his hand and seal thc day u~d yeu fin af s
I an~f~linar the pr of: i
d~ t ~ 1
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SiATE OF FLORIDA • ~ f
couNn oF St. Lucie i
~f~ ~„~~~y,pp~,~ Edward P. Gon~don ,nd ~
Latt~ [3 H~ .onQdon his wife, ro me well known snd known to me to b~ }
rhe individwls described in and who executed the fweyoinp instrwn~ot, and adcnowledped before me that N~ey exscuted tl~e same for tM pwposes '
therein e~~d. ti,a ~~d Lettie H. Congdon
w~fe of ths said FAw~rr~ P_ Con~don ~ „Po„ a sepawte ~nd privaN
exam~nation by me tsken scpsrate and apart from her said hu~and, adcnovvledged ro and be/we rn~ that she executed said irotrument~f~eely and volun-
rarily and witho~t any compuban, constraiot. ~pprelron~s" q~ fesr of or fiwn her ssid husband.
WITNESS my hand and offitial sesl thn / S~~ day of J~e A. D. 19 6T
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. ~ Not~ry Public in and for the St~te of fiorida at luy~
- My Comrnission ~xpires:
Ret~rn Ta. ~ ~ }
Fint Federal Ssv'ugs d~ losn AuxisYa~
Of Fwt Pferce. ~t. State al Horida at la~ ~~~o
~!p Coms~GSi~n E=pira Nor. 3, j9¢9
' FI~E~~ AR1~~CORDED w.s.a ~..~:u. r.. a.c.~. 'j,:,,; .~r,.;
ST. LUCIE COUNTY. FL.A?. s : .~t'~•~D~~ ` ~ :
RECORn VERIFIED _ , • " ~
1565fi~ : ~ ~
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'6? JUN I PM 3: I Z tf 4~y o 1,
d~~-~ • ~ ~ . ~
!'r~ Ri..S . .
%;O~::r. 0 . . :
CLERK CIRCUIT COURT " ;
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