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3. To pl~ ~nd continuovsly ke~p on ~he buitdings aow o+ Mreafte~ utu~t~ on s~id land snd on all pvlpeewnl ~nd pwsona~M aovK~d b1? ~~++ab'
with d) prtmiums Ihet~on p~~d i~ i~ll, fire insurancs in ths ufwl stantlard polity fornl, in • wen ~pp~ov~d b1? tM IMflRTGAGEE. M+d wi~dstonn
in~xanc~ in tM uswl ttudard pol~cy fam, in a sum approved by ~M MORTGl1GEE, in wch cwaWnY a aoTpanf~s w tM MORTGAGEE inay ~
dinttJ and dl fG~ ~nd wind~twm inswancs policies on any of aid a,i~d~nps„ •ny u~~.a~ ~h..•in w p.r~ ~I~.of. in tIN apq~pat~ swn ~fatNW a ;
In ~xa~s thuwf, ~h+ll contain th~ uswl standud margegee clavss or ~uch othN clavt~ a tM Mortysp~ maY nquin. m+kinp th~ bat ueda s+id polb k
cies. ~ath ~nd ~vay. paYabk w ~aid MORTGAGEE a~ ~ts interesl may ~ppe+r, a~d each and ~v~ry such policy shall bt promptly ~as+~oed and delivK~d to ~
any MW by taid MORTGAGEE ~s furlher security to said ma~gage debt, and, no1 I~ss /Mn fen l10) d~ys in advaop of fh~ ~xpir~twn of eath policy, to d? }
liw? to aid lNORTGAGEE + reMwal Ihereof, toyetha with a ~acetpt fa the premium of such ramw~lj u~d tMr~ ~h+ll bt no f'u~ a w'u~dstorm inwr~e+a ~
plaad on ~nybf aid buildirgs. any int~v~~ ~hare~n or p~rt thereof, unleu in tFw form ~nd w~~h rM loa wy+W. .s •iw~+~dr a~+d ~ rl+. ew~n +nr .u~+
of mo~sy betams p~yabl~ w+der wth poliry w po~icies s+~d MORTGAGEE shall luv~ tM oplion to npiw and ~pply tM s«n~ on +aowu of th~ tnd~bt~d'
ness sKw~d h~r~by or q permtt uid MORTGAGORS to rcceiw ~nd ~s~ it w any put thereof for othe~ purposes. wi~hout thaobl waivinp o~ imp+h.
inp ~nr puity, li~n w riyht ~nde. a by virtw of ~his mortgage; and in the event said MORTGAGORS sh+ll for ~ny rtawn fail to kkp tM said pr~?is~s so
insured, or fall b deliwr promptly any of said potic~es of inwrancs to said MORTGAGEE, a f~il promptly to p~y fully ~nY premium tl+K~for a in any
respect fail b pafom~, dixhuy~, ~xecute, effecl, compiete, comply with ~nd abide by thb covenant, w ~ny put hK~of. said MORTGAGEE n?~y pl+c~ ~ed
pay fa sud+ imwance or any~ put tMreof without wsivinp w affectinp sny option, liH?, puity. a ripht undK a by vktw of thi~ Mort9+p~. and tM ~
full anavnt of esch and ~very wd~ paymem sha~l be imrnedistely dw u~d psyabk u~d sh~l~ b~u k?terest from tly daN thsreof unHl p+id at th~ ra» oi
n~ne pK tentum pet smwm and togrther with such interest shall be secured by the li~n of this mort~+p~. ,
4. To p~mnit, aominit ar svffer no wute, impairment cv deteraration of said propt~ty or any put tMnof. ;
S. To pay all and sirgulu the cwn, chsrges and expenses, includirg s reasonabk ~ttwney's fN ~nd aosn of ~b~nacb of titl~. k~cvrnd w pafd tl
eny time by ssid MORTGAGEE, b~cause w in the event of the failure on the put of ~M s~id N10RTGAGOR to dulY, promPfly and fid~y pKfo?a4 d~hup~t ~
exec~te, effact. compk% complY with and ~b:de by each and every the stipulations. +greemenn. conditior?~, ~nd oown~nq of ~aid promissory noM and thi~ - i
morty~pe any or a~het. ~nd said costs, cMrges and expenses. esch and evnry, shall b~ immediately dw u~d p~y~bbs whethK a ~ot thir~ M notlp d~ ,
msnd, attempt ro tolkct w wtt ps~?d~ng; snd the f~ll amount oi each and every such payment shall bes~ int~nst froni th~ dat~ tMrwf umil p~id at tM !
rate of niM per tentum per arowm; and all said costs, charges and expenses irKV?ratl w p~id, toyelhar with wth inte?~t, ~MII b~ aKUr~d by tM li~n of tlw ~
6. ih~t in the event of a~y brcach of this Mortgage w default on the pa?t of the N10RTGAGOR, a(b) In )h~ twnt aiy of s~id wnu of mon~y
herein ~ef~nad to be not promptly and fully paid within th~rty (30) days next after the same seve+ally b~com~ dw u~d pay~bl~, withow dim~nd or notitt.
or (t) in ihe event e~ch and every the stipulations, agreem~ots, condi~ions and covensnts of s+~d promissay nof~ and this matpap~ aey or ~ittwt an nol
i~H. promptly and fully perfamed, d~stharged, executed. eifeded, completed. compeed with u~d abitled dy, tMn ln ~itMt a~ a?1? wch ~wM tM wW ap~
gregaTe wm mentioned in said promissory note then remaining unpaid. with interesl ~cuued. ~nd all nwn~ys Ncund. Mnby. aMlt b~oa~'N dW ~nd p~Y
able fwthwith, Of fF1QfNf1N. at the option of said MORTGAGEE, ss fully and completely as if all of the t~id swm of maMY vwn oriQln~~ly ~tipu~+~~d
ro be ps~d a+ such day, anythiny in sa~d prom~uwy note or in this Mortgage to the contr~ry notwithstand'ugt ~nd /MtauPo^ or tlwrt+ftK H th~ option of
seid MORTGAGEE, without notite or demand, wit at law or in equiy, therefore or th~reafttr Mg~n, nwy b~ prosecut~d a If +11 morkys Ncund hK~bY
had matured pr"w? fo in institurion.
7. Th~t in th~ event tMt at the beginning of w at sny time pending any suit upon thb Mortpap~, w to foncbt~ h, w fo nform h, w to ~niwp - ?
paymenf of sny daims Mrevnder, said MORTGAGEE shall apply to the Gourt having jwisdiction 1Mnof fot 1M appo~nhMnf Of a RKliwt. wd~ Covrt fh~ll
forthwith sppoint a receivK of sai~ mort9aged p?opertY all and singular, incl~d~ng all and singular 1M incan~. profi», bsws ~nd r~vMU~s han what~wr
sovrct derived, each and every o# which, it being expressly undentood, is hereby mortgaged as if speciiiully s~t fOrth u?d dticrlMd In fhi Orantinp and
habendvm cla~ses hereof, and s~ch Receiver shall have all the broad and effective functions and powen in anywi~ ~nt~wt~d by ~ Co~rf tp a R~ttivN. and
tuch sppointment shall be made by such Court as an admitted equity and a m+tter of absolute riyht fo ~aid MORTGAGEE, and witlaut nf~nnq to tM
adequacy w insdequacy of the vslue of the property mor~gaged or to the sonrency w inso~wnty of wid MORTGAGOR o~ fM d~f~ndanri, ud ihaf suth
rents, profi», income, iu~es a~d revenves shall be appGed by such Receiver accordinp ro the lien a puiiy of said NIORTCsAGEE and th~ prattia of such
Co~rrt.
8. To duly, promptly and fully perform, d~uharge, execute, effect, complete, comply with ~nd abid~ by ~ad+ and ~very tM stipulationt, yr~nU, '
conditans and coven~nts in wid p?omiuory eate and this mortgage set fwth. ~
9. Th~t in the event the ownenhip of the mwtgaged premises, a any part the~eof, becanes wstd in a pMton Ot1+K.1h~n fh~ AlIdt1GAGOR, th~ ;
MORTGAGEE, Hs wccessors and asigns, may, wi~hout norice ro the MORTGAOR, deal wifh such sucussor a~sa in Fn1~?e~1 with ~~fer~na to fhq }
mo?tgsge and the debt hereby setured in the same manner as with Mortgagor without in any way vitiaf~ or d'ntl+aryinp fIM Mortp~pon' li~bilify h~?f ~
under a upon the debt hereby secured. No sale of the premises hereby mortgaged end no fwbear~na on the paA of tM AIIORTGAGEE w ih waot~fots
or assigm and no extension of the time fw the payment of the debt hereby setured 9iven by the MORTGAGEE w its sticpsson a aug% ahall op~r+f~ - ~
ro release, discharge, modify change or atfect the original liability o4 ~he MORTGAGOR he~ein, either in whds w in put. ~
10. It is specifically agreed that t~me is of the essence of this co~t.act and that no wsiwr of any oblipation huwnder or of tl?~ oblfD~tlon s~ ~
cured heceby shall at any time tMereafier be held to be s waiver of the terrt?s hereof w of the instrwnent sscw~d Mrby.
11. In addition to the forcgo:ng monthly payments of princ:pal and interest tequired by' the pran'iswry nots secured hereby, nwrlp~gor aowMnl~
and agrees to pay to mortgagce with each monthly payment an addirional sum estimated by mortgagee to bs eqw) f0 1/14 of tM annu~l casf of th~ follow• i
ing: a
A-All real property taxes levied w assessed against the above desc*~bed reel estate. !
B-Premiums on fire and windstorm insurartce as herein requ~red to be carried wi the improvement~ sitvatt on th~ ~bOV~ dlWibed prM~i~N. ~
~ C-Premiums on such mortgage guaranty iasurarce as mortgsgee shall from time to time dewn fA tc urry on MN loae ietw~d htr~by. #
~ f.
~ Mwtgagee shall from time to time notify mortgagor in writing of the amount due and payabk hereunder a~d tuth wm thall ti?~re~pon b~ dw and ,
! payable on the due date of the next mo~thty payment and each successive month thereafter until matysye~ tF~sll notify morigaga of • chatp~ (n wth f
amo~mt. Suth sums shall be a I~ed b mort a ee toward the mtnt of real taxes, insurar?ce emiwns, ~nd rtwrf uarN~ inwr~nt~ '
~ PP Y 9 9 PaY P~oPe~Y P~ ~ ~Y ~
premioms. ' ~ "
IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day ~nd ye~r finf afor id ~
, and liver trl~ of:
~ n ~
o ~
rs~'q 1
. rs..q ~
STATE Of F10RIDA ~
courm oF 3t. Lucie ~
's
Bef«e me personally appeared _ ROIla1CL S. Bour4aag 1
Rita J~ Bo~raaea his wife, to me well known ~nd known to ms to b~ ~
the individwb described in .and who executed the faegarg instrument, and atknowkdged before me thsf tFny exsouted the iams for the purposes ~
therein expressed. Md ths said g; f' w J~ Bl]Lll+g S S a ~
w~fe of the ss~d Ronald 3. HOUl`a88• • ~n a separ~te ~nd privat~
examinaYwn by me t~km separate snd apart from her sa~d husba edcnowledged to snd befwe me that shs executed said &?str~ment freely and voluo- ~
tarily and withovt ~Mr compubion, constraint, appreF~ens' o~~of or from her said hvibsnd
WRNESS my hud and official sesl thi: ~ dsy of J~ a e. 19 b? ~
~ ~p ~
• Nwary Public in ~nd fa the Siat~ ot Florida ~t Larp~
iiECOAQB~'-:~ ""y c°'^^"'s'°^ .'~'.N'o
Retum Ta FI~EO AN~ NjY, ~~+C. St~te ai Horida at large
F~~ ~.~i sa„~, a~, n~.«„~T.1.UG~E ~vEa1g1E0 ~r.~ Ex~~ No ~`~6`~
Of Fort Pierce. RECORO ~teZa~ f~~• ~J/~~~
W~t Pierce. Florida ~ ~ ~
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