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To plan ~nd conti~wioeily kesp on tl+~ bvildinys now w Mreafta s~tuate on said land u~d on ~II puipr?wM and penonally cownd by tl+is ee~ort¢
p~, with ~II p~~mivms therton paid in full, fin insur~nce in the usua~ standard policy form, in ~ w~ approwd by 1M MORiGAGEE. ~d win~btam
insw~np in th~ uawl ttu~dard policy fam, in ~ sum spproved by the MORTGAGEE, in wth comp~ny w companies as N+t MORTGAGEE nwy
dir~ctj ~nd all ik~ u~d w~nd~rorm inwranc~ policies on ~~y of uid hvildinps. ~ny int~nsl the~ein or p~rf thKwf~ in tM appreq~a ~wn ~faa+id or
In ucps~ tM?~of, ~MII contain th~ uswl iundud matgagee claus~ or iuth othet tlavss as th~ Matyage~ may rp~ih. m+ki~p th~ lou u^dK ~+~d Pd4
ci•~. ~ach and ~vKy. paYSbl~ to ~aW MORTGAGEE as its interest may ~ppea?, ~nd each and every tuch poliq shall b~ promp~ly us:yned ~nd dtliw?~d to
any hdd by wid MORTGAGEE aa fu?ther secu?ity to ssid morrgage debb and, not leu tMa tsn (101 d~ys in adv~ewe of tM ~xplratioe? of t+ch policy, to ~M-
IivN ro uid MORTGAGEE ~ ~~Mwal theraof, to~e~Mr with a receipt fw the p~emium of suth renew~lj and 1Mr~ sMll bt ~o f'us w windstwm inwr~nt~
plsc~d on any of aid buildirgs. u?y intaest therein or part thereof, unleu in the form ~nd with tM loss payabl~ a ~tor~saidr aed in tiw ~wn1 +~y ~w^
of nwewy b~corn~s p+y+bl~ w~d~~ such policy or po~icies said MORTGAGEE shall have the option ro receivs ~nd ~pply the s+rn~ on +aoueN of th~ k~d~bted~
neu satured IN~~by or 1o p~nnil s~id MORTGAGORS ro reteive snd uss it or any part thereOf fa otF?e~ purpotes, wilhovt thareb/ wsivi~p or impair-
iny any puify, I'~ a r'ght under or by vi~tw of this mortgage; ~nd in the svent taid MORTGAGORS sMll for a+y rtasai (sil to keep tM taW p~Nnises w +
insured, a fail• 1o deliwt promptly ~ny of said polities of insurance to said MORTGAGEE, a fail promptly to p~y fu11y ~ny ptamium tiw~~fp a in ~ny ~
reip~tt f~il b pafw~, disch~rpe. ~x~cute. ef(ett. complete. comply with u+d abide by this covaaM. a aM? put hK~of, said INORTGAGEE may plac~ ~ne!
paY for wd~ in~wanc~ o~ ~ny part tl+Keof without waivirg a ~ffectinp any option, lien, puity. a ripht vndN w by vi.tw of this Mor~y~. ~nd the
full smaMt of each and tvKy wch p+yme~t shall be immediately dus snd pay~bl~ ~nd shall bear u,ro~es~ from ~h. daa ~h.reof w+ril Pad ~t th~ rab of
nirw pK qnhrm pN ~MUm and toyether with such interest thall be securcd by the lien of this mort~ape.
1. To pKmit, cammit or wffa no wasN, imp~i~mem w deteriwsrion of said property or any pHt tMreof.
S. To pay all ~nd sinput~r tl+~ coats, charges snd expenses, includinp a reasonable ~ttuney'a fee and aosfs of ~bstrsct~ of titl~, incurr~d w paW ~t
~ny time by s+id MORTGAGEE, Mcawe o~ in the evem of the failure on the pa?t of the wid MORTGAGOR to d~ly, promptly ~nd fvlly paiwen, d~sch+tp~
execut~, ~ffect, tanpl~t~, comply with and abide by each and every the itipulat~ons, sgreemenn, COM~ifiOf~t, afld QOV~Mf11t Of N1d ~NOR1illWy ~Wf~ iMI tlfll
mo.tyape any a atMr, and sa~d costs. d~+r9es and expenses, each and avcry, sMll be immed:~tlly fIu! ~fld Piy~WOf W~tFMf p flOt tAlf~ b~ ~~otiu d~
mand, ~t~empt to oolkct w wit pu~dirgt and the full amount of each and rvery wch p~yment shall bear inter~st from tM d~t~ tMr~of until pifd at th~
rete of ~in~ per oer?tum per uuwm; and all said costs, charges and expenses incvrred w paid, together with suth iMaNt, slwll b~ sKw~d by tM INn of Nw
n+o.ty+p~. i
b. That i~ the eva+t of any breach of this Mortgage w defa~lt on the part of the MORTGAGOR, or (b) in th~ ~wnf ~ny of s~id wms of moeey
herein nf~rnd to b~ not promptly ~nd fvlly paid within thirty (30) days ~ext afte~ the sane severally becom~ dw ~nd payabb, without d~mand a notlt~.
or (c) tn tM ~wnt ~ach and ewry Ilro stipvlatiora sgreements, conditions and coven+~ts of ss~d promiuory note snd th~~ ~atp+p~ ~ny or ~lth~r u~ no1
iuly, promptly and fully pe~fwmed. dwchar9ed.. executed, effected. completed, compGed with and sbided by. then in ~itha a aM? such ~wnt th~ s~id p~
pregate wm mMtar~d in said prom'~sswy note then ~e.naining unpaid, with inte~est acuved. ~nd all moneys sec~nd. Mrtby. ah~l) baan~ dw a~d p~p
able (athwith, or tMtaaftK, ~t tht option of said MORTGAGEE, as fully and completely ai ii all of the wid sums of ma~ey vwn orpioally tHpulNed
to be paid on wd~ day. anythiap in ssid promiuory note a in this Mortgage to the contrsry notwithstandinp: and tFwwpon ar tMr~aAK ~t tM option of
said MORTGAGEE, withovt notia w demand, wit at law or in equity, tF~efore or there~fter be9vn, mar be prw.cut.d ff all Mon.ys ..cw.d I~ueby ~
hail matvnd pr'wr to ib IrotitWion. .
7. TMt (n tM event that at the beginning of or at aey time pending any wit vpon this Mo?ty~, o? to 1w~doN tt, or to nform h, p to eniwq ~
payment of any daims Mreunder, s+id MORTGAGEE sMll apply to the Gourt having jurisdKtion thenof fa tlw appointm~nt of ~ Ret~iw?, avch Court shdl j
forthwith ~ppoint s reuiver of ssi~ mortpa9ed property all and singula?, includ~ng all and singular tl+~ i~. profits, istwa ~nd rewnws from wfut~v~r j
wurc~ duived, ~ach and ~wry o# whKh, it beinp ~xpressly unders~ood, is hereby morrgaged as if apec~fiully set fath ~nd dewib~d fn thi punrinp and }
habendum clavses herwf, and such Receiva shall have all the broad and effective funct~ons and powen in anywis~ entnnted by a Court t~ a ReoeH~r, ~nd
•uch appointment shall bs emde by such Cowt as an sdmitted equity and s matter of absolvt~ right to wid MORTGAGEE, ~nd without nfenna to th~ a
adequacy a insd~quacy of the vslw of the properry mwtgaged or to the sowency w insolvency of s~id MORTGAGOR a t!?~ defMd+nn, ~nd that wch ~
renn, profib, incan~, bsws ~nd revenua ~hall be applied by such Receivn according to tM lien or puity of Nid MORTGAGEE and tM practic~ of suth
Court.
8. To duly. prompfly ~nd fully perform, discF~arge. execute. effect, c~omplete. comply with ~nd sbid~ by ~sd~ and w~ty tM ~tipuktiaa, ayr~n»,
conditioro and ooven~nb in uid promissory note and this mortgage set forth. '
9. That in ths ~vent the ownenhip of the mortgaged premises, w any pan thereof, becanes wstid in • q?son oN+er th~n the N10RTGAGOR, tM
MORTGAGEE, its tutcason an~ auigro, may, without notice to the MORTGAOR, deal with such succKSOr w N+oc~ssw in inter~st with r~hnnt~ to thi~
mo:t9ay~ and th~ debl hereby setured in the same manner as with Mortgagor without in ~ny w~y viti~tin~ p d~xM~yinp tlr Mortppor~' N~bility hN?
under a upon tM debt htreby secured. No sale of the premises hereby mortgaged and no fabearsnoe on tFN put of /M MORTGAGEE or ib wtuason
or suigrn ~nd no extensan of the time fo~ the psyment of the debt heroby secured given by the MORTGAGEE or in successon or +uipru, sl++~l op~r•f~
ro releaw, dixMry~, modify ch~ng~ or affect the original liability of the AhORTGAGOR herein, either in whole or tn part.
10. It ts apecifically apreed tMt t~me is of the essence of this contrad end that no w~iver of any oblipation twrwnder or of tM oblip~tion sr ~
cured hasby shall ~t any time thereafter be held to be a waiver of the terms hereof a of the instrumem secvr~d M?by.
11. In addition to the forego:ng manthly paymeMS of princ"pal and interest required by tF?e promistory nore setured hereby, mortp~gor townanb _
and sgrees to psy to mortgagee with each monthly payment an addirional sum estimated by mortgsgee to bs eqwl to 1/12 of the annu+l tost of tM follow-
ing:
A-All rNl properfy fsxes kvied w assessed against the above described real estate.
B-Premiums on fire and windstorm insurante as herein requ~red to be carried on the improvement~ situate on 1Fa above dswib~d pr~miap.
C-Premivms on such mortgsgs guaranty insurance as mortgagee shall fran time to time deem fit to urry on ih~ loan secwed htreby.
4 Mwtysgee ah~ll from time to time notify mortgagor in writing of the amount due a~d pay~bk hereunder and suth wm shall thKwpon b~ dw ~nd
j ~ayable on the due date of the next monthly payment and each successive month thereafter until mortgsgee shall notify morfgagor of • thsnp~ in such
~ amount. Such sums ahall be applied by mortgsgee toward the payment of real property taxes, ins~rance prem~ums, and mwtpape pwranfy inwr~nu
~ premium3.
IN WITNESS WHEREOf, the s~id MORTGAGOR has hereunto set his hand and seal the dsy end ysu firat afore~id. ~ ,
Sjpned, S~abd y(d dtliwred in th~ presence of: ,
. ± ~ ~ r ~ L'~'
'V
' n
n
_ ~n
r
ATE OF FLORIDA _ ~
Saint Lucie
couNn oF
defwe me penonally appearcd S eo t~ W G 1 e ve lend .~+d
S h i r 1 e; L_ C 1 B V@ 19 ri d his wife, to me wel I known and known to me to b~
the ind'nidwb destribed in and who executed the foregoing instrument, and ackrawledged befue me that fhey executed the same for the purposes
~h~«;~.,~,~,~a. ~„a r~,..,;a Shirleg L Cleveland ~
Scott W. Cleveland ~ ;
wife of tM s+id ~ . vPoa,'' Ms-~1ll.priv~t~
examin~tion by me tsken separate snd aparf from her ssid husband, +ckrawfedged to end before me that she executed said i~s~fur~~y ~lid~~n-
.
taril ~nd wifhouf , I. ~ `r~~~ `
y u~y comp~lian, constraint, apprehe,ns~on, or fesr of or from her said Fwsband. • ~
WITNESS my Mnd ~e~d officisl seal this L~ day of J ne 19~
..t.; , ,
. " : i
` ary Public in and for tM Ststi=of ~t L~r ~ 1
9~ -
Commission es: / - ~ t
Retvm Ta. ~ y- • Z.d,~~~"('~ t~~t~• ' 1
Fint F~dewl Ssvinps 3 losn /ltiocisYan
Of fort Pierce. ~J " ?
Fwt Pierce. Florida `,~''+:•,J t: c~~~
FILED AND RECORDED ~ .
ST. LUCIE COUNTY. FLA.` ~pgyPUBUC•S1~P,RES
~pRA~ ~~9
R~_CORD VERIFlEO co~Missior+
``•'/i/+!~'~!'~~~'~~ . . . S
'6T JU~I 16 PM 3:01 '
,
15`~102
;:~:;s~~- ;~u~iPas ~
CLERK CIRCUIT COURT ~
f..
~ r BOOKIW PACE~~J~
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~ -~r:~F.~
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