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To plaa and cont{rwovsly ksep on ~hs buildinp~ ~w~w or hK~aha sitwq on sa~d lu~d ~td on ~II p~ip+wet uid p~+sonally covK~d by this map~
p~, with ~II pr~mlums tMr~on p~id in fvl4 fin inswa~c~ in ttw ~wal st~rdud poficy fam. Y? a tum approwd by IM MORiW?CsEE. and wir~dstonn
inswanct in tiN uswl standa.d pol~cy fo~m, In ~ wm ~pprov~d by tM MORTWIGEE. M wch con+P+^Y a? canM^in tM MORTGACEE may-
dtnctj ~nd all iln u~d w~nds~ inuuu~u po1K~ on ~ny Of i~i1l b11iI~N1~{. My 11UffHt iF1NfM? W~ 1IN«Of, ln ~M +p9rep~~~ a?~n afo«++id a~
In ~xc~ss tMnof, ~Aall contain tl» vw+l standard ma~9+ys~ cl~ a urch ethK daw~ a th~ Mor~p+p~s m+Y n~1~K~. m+kk'0 th~ loas u~ aid poli~
cies. ~ad~ a~d ~vKY. WYabN 1o uid MORTGAGEE u in iMernt m~y ~pp~ar. and ~ach and ~vaY ~ Po~KI? s~~~! b~ WomP11y usqned ~nd d~liwnd ro
~ny MW by sald MORTGAGEE a further ~ecwity lo s~W mat~ay~ d~bt. aod, na ks~ ~h+n t~n l10) days io +d~~ou of tM ~xp~r~tion of each policy. ro d?
I~ver to ~+W MORTGAGEE • renewal tharwf. wpetha with ~ roc~ip~ fw tlie p.emium of wch r~new~lp ud ~Mn sh+ll b~ ~o fi~~ a wlndsto~m inw?~nu
placyd o~ a~y of said b~ildirgs. any interest thK~in w put thenof, w+ksi In ~h~ form ~nd with tF~ loss p+ysbb u+fores+id~ +nd in tM ~vMl any wm
of monay becan~s payaW~ u~ wch policy a po~iws uid MORTGAGEE sh~ll h~w th~ opYan ro ~eoeiv~ and apply the same o+~ accowu of 1M Ind~bted~
rteu secLred henby a w p~rmit wid MORTG/?GORS w naetw aad us~ it a any pu1 th~reof fw other pwpose~, wi~Aout the?eb~ waiving w impa~-
in9 any eqvity, lisn w ~ipht under w by virtw of this mort~apq +nd in ~h~ ~vent ~aid MORTGAGORS shall fa sny ~e+son fail ro keep ~hs sa~d pnmisa ;o
Insured, w i~tl w delivK p?amptly any of said policies of inwru~c~ to ssid MORTGAGEE. w fail prompNy to pay fully any premiwn the~efa a in any
respect fail ro paform, diach~rqe. execut~. ~ftect, compltt~. comply with +nd abide by this townant, a ~~y put haraof, s~id MORTGAGEE may pl~os ~nd s
pay for wch inwrance o~ any put tlwreof wi~hout waivinp or aff~ctkp any option, IiM, pvity, w ~iph! undM a by vi.tw ot this Matyap~. ~nd the ~
full amovm of each and ev~ry svch payma+~ sh+ll b~ tarnsdiately dw ~nd pay~bl~ ~nd sMll beu tntereu from tl» dah thcreof ~rntil psid at tM raN of ?
n~ne per centum p~r uxwm and together with wct~ interest shatl bs sec~red by tM I'~ of this mort~+pe. ;
~
1. To pumit, conweut or suftar no wute, imp+irment a deterior~tion of said p?opKty w any p+~t the~eof.
5. To p~y all and sirgvlu tl+s cost~, chsrpes +nd expu?ws. incl~dinp + reasa++bl~ atto?ney'a fee and cos» of ab~rracta of titls, incurr~d o? p+id a~ k
any time by taid MORTGAGfE, beuus~ w in the ~wnt of tM f~ilun on th~ paA of tM said MORTGAGOR to d~h. P~omPtly and fvlly pe~fwm. dwcFwyw
exec~te. effed, compl~t~, comply with and ~b'~de by ~ach and every the stipulstio~s, agreements, conditions, uid coven+nn of ssid promiuory not~ +nd thu
moregspe any w a~ha+. ud s~~d cost+. chuyes a~d ~xp~rt~es, esch ~nd every, sMll b~ immsdiata!y due ~nd paysbk: whethe~ or rat thers be notiu dr
mand. an~mpt to callect o~ wit pand~ngs and tM full amount of esch and svary wch p+Yment shall bear imeros~ f~om ~ht dat~ thereof ~nBl p~id +t the
rate of nine per centwn per amum: and all iaid cosb. char~es ~nd expeiues inturnd or pa1d, togethar w~th such imenst, sh~ll b~ wcvrad by tM litn of tiw
mo~tpa~.
6. That in the ewnt of any breach of thh Mortya~ or default on the part of the MORTGAGOR, or (b) in the w~nt a~y of s+~d iwns of ma~ey
herein ~eferred to be not p~omptly and fully paid within thirty (30) days next after tM s+ms severally become due and payabk. withovt dern+nd or nolits.
or {c) in ths event each and every the stipulafio~s. ~reemt~b, ccr.ditions snd coven+nts of ss~d promiuory not~ ~ed th~s mortp+pe w?y or either are no1- .
iuly, promptly ar~d fully perf«med, discMrged, executed, eifected, completed, complied with and sbided by, then in ~ithe~ w ~ny such went tM s+id ~
gregat~ wm m~ntionad 1~ said promissory i+ote then rem~ininp unpaid, with imaat ~caued, and all moi+eys secured M?eby, sMll be~come du~ and p~p
able forthwith, w thereaftar, a~ the option of said AWRTGAGEE, u fv1ly and compktely as if all of the said wms of mor?ey weie oripinally stipuleted
to be pa~d on such day, anythi~y in sstd promiuory ~oro or in tha Mortpage to the contrary notwithstandirg; and therwpon w thereahe~ at ths option of
seid MORTGAGEE, witFaut not~ce a demaod, suit at law w in equity, therefae or thereaiter begvq, m~~ be prosecuted u if aU rna~sys secvr~d haeby
had rrwtuted pnor fo its instifutip~.
7. That in the event that at the beginning of or at any f'eme pending a~+y wit upon this Morty~ge, Ot 10 fpKlOff It, a to reform it, or ro enforc~
payment of any daims hereunder, said MORTGAGEE sF?~II apply to the Co~n I+~ving ju?isdktion tixreof fw the appointment of a Receiver, such Co~rt sh+ll
forthwith sppoint ~ receiver of said mortgaged property all u+d singular, includn+g all and singul~r the income, p~ofits, hwea and revenues from whatever
source derived. esch and every of which, it beinp expressly understood, ia hercby mortgaged as if spetifiully xt forth and dewibed in ~he 9r~ntirg and
habendum clauses heroof, snd such Reoeiver shall Mve all the b.wd and effective funct~ons and powers in anywise ent~~sted by a Court to a Receiva, and
such appointmeM shall be made by such Cowt as an admitted equity and ~ matter of absolute rght ro said N10RTGAGEE, and withouf referenc~ fo fFw
adequacy or inadeqvacy of the v~lve of the property matpa9ed or to the wive~cy w insolvency of said MORiGAGOR a rhe defenda~n, and tMt wcA
renrs, proiits, iocane, issues +nd revenues d+all be ~ppliad by such Receiver accwd~nq to the lien w puity of said MORTGAGEE and the practice of such
Court. ~
8. To duly, promptly and fuly perform. discharge, execvte, eNect. complete. comply with and ~bide by each and ewry tM stipulatioos, agreemenb.
ca~ditaru anc! coven~nn in said promiuory note and this mwty+ge set forth.
9. That in the evant the ownenhip of the mortgayed premises, w any put thereof. becomes vested in ~ p~rton othK than tM MORTGAGOR, th~
MORTGAGEE, iri wccesson snd augns, msy, without ootice to the MORTGAOR, deal with such wccessor a waessa in iMSrcs1 with reference to this {
mortgsge and the debt hereby secured in the ssrne msnner as wi~h Morrgago. wi~hovt in +ny way vi~iafing w dixearging the Mwtgagors' liabiliry here~ t
under or upon ti+e tkbt hereby secured. No sale of the F~emises hereby mort9sged u~d eo fwbearancc on Ihe part of the MORiGAGEE w iri successon ~
or assgru and no extmsian of the time for the paymcnt of the debt hereby setored yiven by ti+e MORTGAGEE or ib suttesfor: or assigns, shall operat~
u ;
ro releue, discFurge, modify change or affect the original liabillty of ~he MORiGAGOR herein, either in whole w in Rart. '
10. It is spec~fically agreed that time is of tF~e euence of this coMr~ct and that no w~iver of ~ny oblig~Yan hereunder or of the oblgation te- ~
cured hereby shall at any time thereafier be held to be s waiver of the terms hereof a of the instrurtKnt secured herby. ~
11. In add~tion to the (wego:ng rranthly p~yments of princ:pal and interest required by tl+e {xomitsory rate secured hereby, mottgagor cwenaets ;
` and agrees to pay to mortgagee with each monthly payment an addirionsl sum estimated by mortgagee to be eqwl to 1/12 of the annual cost of tFK follow- ;
i rr~: •
A-All real property taxes levied o~ assessed against the above dewibed real estate.
B-Premiums on fire ar~d windstwm inwrance as hereen requ~red Io be carried on the improvemenri situate on the above described premises. ~
C-Premiums on su:h mortgage gwranry insurance as martgagee shsll from teme to time deem fit to carry on the loan secured hertby. ~
Mortgagee shall from time to time notify mwtgagor in writing of the amount due and psyable heteunder and such sum shalt thercupon be due and I
payable on the due date of the next monthly payment and each successive month theresfter until morfgsgee sh~ll ratify mon9ago? of s change in such ~
amouM. Such sums shall be applied by mortgagee toward the payment of real property taxes, inwrance prem:ums, and mottgage gusranty insuwnte
f Premiums. - ~
f IN WITNE55 WHEREOF, the sa' MORTGAGOR has hereunto set his hand and seal the day snd ar fint aioresaid.
l
~ Sgned, Sea and 1' in presence of: ~
~
~
~
STATE OF FLORIDA ~ ~ ~
St. Lucie `
ceunmroF }
Befwe me persorwlly appearcd Lawrenee Mastr~ ano .~d ~
ROS@ V• Mastfiano his wife, to me well knawn snd known to me to bs ~
rhe irwlividwb describad in and who executed the fo?espwg irutrur~r?t, and acknowledped before me that they executed tFa sams fw ths p~rrposes ~
rherein enpressed. /Nd the ssi~ Rose V• ~Str~~l0
w~(e of the said ~~e~Ce M~Stlldll0 _ ~pon ~ sep~rate ~nd pirvat~ ~
examination by me taken separste snd spart from he? said hvsbsnd, adcnowled~ed 1o snd before me thst she executed said inswmem freely and volun-
rarily and withaA ~r computian, oonstraint, spprehemion,_ o~fear of or from her said Fwsb~nd.
V1fITNE55 my hand snd official seal t}~i: ql~ day of 'luly A D. 19 6~
~
~ -
Notsry P~ in and for ths State of Florida at La?pe
MY ~zpires:.
Retum Ta.
Fint rYder.l sa~s ~ tos~, Aswc~ano„ Nctary PubF.c. State o1 florida at larqe
Of Fort Pierce. - . ' • ~ ~ ~ ~ ~ Au 6. 1971
, ~ ;nr Coc~:r,iss~on sFa~pires g.
_ Forr Pieroe, florids : ~.aaY~.w,E~sAS±w!±nSB~ ~
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:~o~~R ;~~T~ o~~ a~K167 ~1125
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