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J. To plao~ and contiew~oualy ksep on tM bvitdings now w hereait~r sitwh on i+id land s~?d on ~11 ~qui{xnMl ~^d Pa~°^~Ih/ c°wr~d b1l ^~b'
p~. witA all pt~miwns ther~on p~~d in fvll, fire insu~ance in the usual s~andard policy form, in • swn approwd b~1 tM MORTGAGEE, M+d win~ktorm
in~uranc~ in tM uw~l iundud pol3cy fam, i~ a sum approved by tM MORTGAGEE, i~ s~th comp+~Y or ownP~niN a iM MORTGAGEE may
d+'rect: and all fir~ ~nd wie~torm insurance poti:ies on +ny of f~id bV1lflin~i. ilfy 1111Hf1t tI1Nf111 Of Pif~ ilNtlOf, in tM +p~rep~t~ wm afons+id a
in ~xctss tMnof, sh+ll contsin ths vswl standud ma~gagea clavse or i~ch othw tl~us~ ~s th~ Mat9aye~ mar nquin. n?+tirg Ih~ loa w+dK ~+id Pd4
cie~, exh u+d ~very. paY+bl~ b s+id MORTGAGEE as i~s intere~t may ~pp~a~. ~~d eath u?d ~vNY s~cA Pcliq shall b~ prornptly ~ss:pn~d ~nd d~liwr~d ro
•ny h~W by s~id MORTGAGEE as tu~tha sec~~ity to said m«rga9e debt. snd. not leu thsn t~n (10) days in advana of tM ~xpir~tion of Nth pol'~ty. to dr
I~v~? to wid MORTGAGEE • rMtw~l thKeof, aqe~her wirh a rece~pt fw dx prcmium of such re~ewalj and tF~t ~h+ll b~ oo fu~ w windatam inwranc~
plxed on ~ny of s+id buiWin~s, any interesf tF+e~ein or parl the~eof, unteu in ~he form and with tM loss pay~bl~ u+foniaidt u+d In tM ~v~nt any wm
of mon~y becan~s p~y+bl~ w~der such policy w policies said MORTGAGEE shall haw tM optan to recsiw and ~pphr tl+~ sam~ cn accouM of tM Ind~bted~
neu senx~d I+sreby or w p~rmh said MORTGAGORS ~o reteive and use it o~ any part thereof fw otF?e~ pu~poses, without thsreby waiving a~mp+ir-
iny any pvity, lisn a rqht vnder or by virtue of this mo:sysga; and tn tl~e ~vent said MORTGAGORS sh~ll for any reasa? f~il to keep tM ~aid pnmiies w
insured, o? fail to dtliver promptly ~nY of uid polities of i~svrarxe to s~id MORTGAGEE, or fail promptiy to p~y fully sny premivm tMtt(o~ a in aall
respect fail b perfonn, d~schar~e, exec~t~, effed, compl~te, comply with and abide by this oove~+nt, or any put hu~of. aid MORTGAGEE may pl~a +nd
pay fa ~uch inwrancs or any part thereof wi~hout w~iviny a affecti~p any optia~, lien, puity.-a r'pM undu or by virtw of this Morty+p~, and tM
full amovnt of esch and ewry such payment tha~l be ~mn+ed'ute~Y dw +^d P+Y+bb and shall beu iat~r~st fran th~ dat~ thKeof until p~id N tM ru~ of
n~ne pa centum pa u+num ~nd together with such interest shalf be secured by the li~t~ of this mortp+ps.
4. To p~rmit, oommit or suffsr no waste, Impairment a deterioration of s~id prope~ty a any p~rt thereof. `
S. To p+y ~II u~d sinpulsr the cosb, charges and expenses, uxluding a reasonable attomey's fe~e and costs of abstr~ett of titl~, lntumd or p+id ~t ;
any time by s~id IYIORTGAGEE, betavse or in the event of the failure on the pa?t of the said MORTGAGOR w d~ly, p~omptly ar+d fvlly p~rfwn+, discMrqR '
a:ecuts, effed, oamplete, comply w~th and ~b;de by each and every the stipulations, ~greemenn, condirions, +~d aow~+^n of said pranisswy nor• and ~his
mortgapa ~ny or ei~he~. and ss~d costs, chu~es +nd expenses, exh and every, shall b~ immediarely dve and p~ysbl~s wMth~r or ~ot thKe b~ r,otict d~
ma~d, ~ttsmpt ro colket or wi~ pend~~+g; and ~he fult amaun~ of each and every s„ch payment sha11 bea? inttrt~t fran tM dNt tMr~of unNl p~ld ~f rM
ra~e of nint per tentum per an~wm; and all said costs, charges and expenses incurred or p~id, fOg~11~0~ witlf tYCI~ IMKNt, shal) b~ Ntut~d by tM Wn of fha
mort~~y~. - 3
6. TMt (a) i~ the event of any brexh of this Mwtgage or default on the pan of the AhORTGAGOR, or (b) in fhe ~wnt ury of ~id swns of ~rwewy
herein r~fNred to be not promptly and fully paid w~thin ~hirty (30) days next after ~he iame severally becomt dw u+d P+Y~bI~, wlthoW d~m~t+d or ~wt~c~. ~
or (c) In th~ svent e~ch uxl every the stip~lations, agreements, conditions and coven+nn of ~s~d promissory nob and Mi~ malpp~ ~ny a~ithe~ an nol
iuly, promptly and fuly perfo?med, d~scharged. execured. eifected. complered, complied wirh and abided by, tMn in ~ithM a~ny such ~v~nt tM uid a¢ ~
gregate sum mentaned in said promissory note then remaining u~paid. with interes~ acuued, and all moneys s~cw~d. her~bY, shall b~oom~ dw snd p~y~
ab!e fOftl~WitA, O! tIflfNffK, at the option of said MORTGAGEE, as fully and completely as if al) of tlu aid suins of nae~y vwn oripln~lly atipulHld
ro be psid on wch d~y. ~nything in said promissory note or in this Mo?tgage to the contrsry notwitFut~ndinp: ~nd tMr~upon a tMruh~r ~t tM optioa of
seid MORTCaAGEE, withovt notice or demand, suit at Iaw w in equity, therefwe w tMreafttr be9~e4 en~y b~ ptowcut~d as if a~~ montY~ Nd?r~d hatbY
had matuted priOr to iq irotitution.
7. Th~t in ths event that et the beginning of or st any time pending any suit upon this Mo?tya~, o~ to fontlos~ M. o? to r~foree h, or M~nfwq
payrt:tnt of sny dsims herc~ndt?, s+id MORTGAGEE shall apply to the Co~rt havi~+g jwisdiction therwf fw tM appointment of • R~ctiver, wch CouH fh~ll
forthwith ~ppoint a receiver of saijl mortgaged property all and ai~gvlar, includ~ng all and sirgvlar 1M inconw, profin, IssuN and nwnws fra+n wh~t~v~r
source derived, each ~nd every of which, it being expressly understood, ii F+ereby mor~gaged as if tp~c~fiully ~et forth ~nd dewiMd in tK qr~ntinp and
habendum dauses hereof, ~+d such Receiver shall have all the b?Qad and effective funct~ons and powen in ~nywia Mtrusted by ~ Court tp a R~uiver, ~nd
:uch appointment shall be made by such Court as an admitted equity and a malter of absolute ri9ht ro s~id MORTGAGEE. ~nd withovf refer~nct to f1N
edequacy w in~deqwq of the value of the properry mwtgaged or to the sonrency or inwlvency oi s~id MORiGAGOR a tM defendan», and tlut such
rems, profiri, incane, issues and reyenues shall be applied by such Receiver accordug to the lien or equity of ~id MORTGAGEE and the pratfio~ of wch
Court. .
8. To d~?ly, promptly snd fully perfwm, diuharge, exec~te, eifect. mmplete. comply with ~nd abida by atb ~nd ~wry ths stipul~tions, ~rNrtMnt~.
conditaro and coven+nh in said promiswry note and this mortgage set fwth. '
9. TFwt in tl~e event the ownership of the mortgaged prem~ses. w ~ny part thereof, becomes vested in a p~rwa othe~ than tM MORTGAGOR, th~
MOR7GAGEE, its wccesson a~ su~gns, may, w~fhou~ notice to the MORTGAOR, deal with such sucuuor w~ in inisreq with nfennu fo thi~
mortg~ge and the debt hereby setured in fhe same manner as with Mortgago~ without in any way vifiatiny or ~ttlwryinp tlK Mwtq~pOn' liability h~rt
under ar upon fhe debt hereby secured. No sale of thr premises hereby mortgaged and no fwbesr~nct on 11w part of tht MORTGAGEE or iri svaeuwa
or assigns and ~?o extension of the time for the payment of the debt hereby secured given by the MORTGAGEE a ib ~ucoessors or as~ipra, ah~ll op~rat~
to release, distharpe, modify change or affect the orginal liabil~ty of the MORTGAGOR herein, eitF~er in whole or tn part.
10. It is specifKSlly_ agreed that rime is of the esserxe of ~his contracr and tMt no wiiver of ~ny obli~~Yan hKeunder or of tM oblipation tr ~
cured hereby shdl at any time theresfter be held to be a waiver of the terms hcreof w of the instrumeM secw~d herby. `
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11. In additro.~ to the forego:ng monthly Fayments of prin~ pal arid interest ~equired by the promis~ory note setu~ed hereby, rnort~agor tovtn~nts ?
and agrees to pay to mortgagee with each monthly payment an additional sum estimated by mortgsgee to be eq~~l t0 1/12 of the ~nnwl twt of tlt~ follow- '
ing: ,
A-All real prope?ty taxes levied or assessed aga~nst thc above described reat estate. ~
B-Premiums on fire and windstorm insurartce as herein requ~red to be carried on the improvemenri sifuate on th~ above desuibed premiNS.
C-Premivms on such mwtgage guaranty ins~rar~ce as mor~gagee shall from time to time decm fif fo carry on tM Iwn ~etured hereby.
Mortgagee shall from time to time notify mortgagor in w~:t~~g of the amount due and payable hereunder and suth ~um shsl) thereupon be dw snd
payable on the d~re date of the next monthly payment and ~,.S successive month thereafter until morfg~gee ~MII notify mortgagor of a thanp~ In s~rch
-~uvn1. $uch sums shai{ be appiied by morlgagee fowa•:i ~'~e payment of real property qxes, insvrance premiunu, and morfyspe ~wnnty I~surance
premiumf.
IN WITNESS WHEREOF, the said MORTGAC~R hrs herc~~nto set his hand and seal the day snd y~ar t ~fwes~kl. ,
Sipned. S~aled snd deliver in the presence of:
~ aq
~
~ n
. ~
STATE Of FLORIDA ~
couNTtr oF St. Lucie ~
Before me personslly apptared T 1 Avd Tavl nr ~nd
C lo t i lde F. Tavlor his wifq to me well known and known to me to b~ '
the individwb described in and who executed the foregoing instrument, and scknowl~a before me thst they executed the ssme for tM purposss ;
,,,C,~;,, .~.~a. ,4,d t~ C lot ilde F. Ta lor ~ #
wife of tl+~ wid ~y ~I' - upon • sep~r~te ~od privat~
exami~ation by me taken separste end apart from her said huaband, acknowledged to and before m~ thst she executed said instrument freely and volu~
rarily u~d withovt any oompulsion, constraiM, appreFxnsion,~fear of or from het said husbsnd.
WITNESS my Mnd and offici~l sesl thi~ 7 """day of 'Tul A. D. 19~
,,t`~_ . , i, . , : -
~ Nots Publk in and fot the Stat of ~d~~t Lar
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~ •-Rer~;.i,~r~: " ~fILED ANDDUN~~`~'' r;"_- .
ri?s.r_ Fede~aY~~~i Q u~~E ~VERIFIEO . ~ , . _ ~ _ =F ~a?Re
, Rp ~~~yyyIII~~~ ~ ~:;s ;
• Fort ierce: _ 1~ "n ;
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' fort Piert,e\Ft'aids. - . ?
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~'pbi'fa~s ~ .
CLERK CIRCU17 COURT
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