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J. To plap and continuously keep on ~F+e bvildir+pi ~ow a Mreafte~ Wtwt~ on s~id (and snd on ~II puipeneM ~nd p~no~+IN cov~~d MI ~q' ~
ege, w~th all premiums tl+~reon pa~d in fvll, fire insur~nce i~ 1ha uswl ~unda~d polity fam, in ~ swe~ approwd by tM MORiGAGEE. ~nd win~btam {
~nsurer?c~ in tM uswl atandard pol~cy fam, in a sum approved by tM MORTGAGEE, in s~ch canpu~Y o~ tomP+~iM as ~M 1NORTGAGEE nwy
d~rec~; and all fas and w~nds~orm inwrance polKies on any of ssid build~nps, any int~r~st tMrein or p+~t tFweof. in tl~ pprep+t~ swn dass+id ot ~
In excets ther~of, sMll cont~in 1M ~sual standud mortgages clauss w iuch o~her cla~s~ a tl+~ Morlya9N ~nay rpu'u~. m~Wnp th~ lou u~da sa~d pd~ ~
ues, esch u+d ~very, p+yabte to ssid MORTGAGEE +s its interest may appea?, and e+ch and ~very such polip shall b~ prompt~Y ~u:y^ed ~^d d~~"~~ ~o 't
eny held by said MORTGAGEE ~s furthe~ secu~ity ~o said morrgsge debt, snd, not kss tMn ten (10) d+ys in ~dvann of tM ~xpiratan of ~ach policy, fo de~
I~Ye. to ~aid MORTGAGEE ~ renewal thercof, togetM~ with a receipl fa the premium of such renewalj snd there sMll b~ no f'u~ or windstwm inw~+e~tt
placed on ~ny of said bui{dings. ~ny inte~est tMtei~ w part the~eof, unless in the form and with tM loss paYabN ss atons+id; and In tM ~vMt any swn
of money becanet payable under such policy a policiei wid MO&TGAGEE shall haw tM option 1o raceive sod apply the ~+rn~ a+ +aw+M of tM i~bted~
nesa securad hereby w to permit said MORTGAGORS to reteive and uss it o~ any part theteof fot other purposes, wilhout ~t~reb~ waiving w~p+~~-
ing any equiry, lien ot right under o~ by virtue of this mo:tgage; ~nd in tM ~vent taid MORTGAGORS shall fw any mason fsil ro keep tM s+id premises so ~
~naured, or fail ro delive~ promptly +nY of said policies of i~surance to said MORTGAGEE, w f~il promptly to pay fully ~ny premi~m ther~for or in any
respect fail ro per(wm, diuharge, cxecwe, effect, complero, comply with and abide by tha cove~+ant, w sny part herwf, ssid MORTGAGEE m+y p~~n ar+d ~
pay fw such i~aurance or any p~rt tfureof w~thout waiving w ~ffectinp any opGon, lien, equity. or right a bY virtw of this Mortpsp~. ~~d tht
full amount of each and ~wry such payment shall be immediatety dw and paYabk and shall be~r interest from tM dat~ thereof until psid at th~ r~t~ of
n~ne pe? centum per annum and togetF~er with such interest shall be secv~ed by the lien of this matpspe.
4. To pe~mit, commit or sufia no waste, impairment w detera~~tion of said property w any pah thereof.
5. To pay ~II a+d singulu the costs. charga snd exper+set, includirg s reasonsbls attorney's fee and tosri of abstractt of titk. incumd w pNd N
any time by said MORTGAGEE, becsvse w in the event of the failure on th~ paN of th~ u1d MORTGAGOR w du1y~ proroPHY ~^d fi+~~Y P~tfa?m, distFNr~ '
exec~re, effect, complete, comply wi~h and ab:de by each and every the itipulations, ayreema+ts, conditioro, and oown~~tt of uid promiswry not~ and tha ~
nor~ga9e any ot either, and sa~d costs, chargei and expenxs. each and every. ~h~ll be immediately due and p~y+bl~j whethtr ot not there b~ notiu dr
mand, attempt to collect or suit pending; and the full amount of each and every such psymei+t shall bear intKqt fran tM date tMreof until p~id af tM
ra~e of nine per centum per annum; and all said costs, char~es and expenses inturred or paid, togethar with such Int~r~si, shall b~ sKUred by 1M Iwn of fha ~
mortga~e.
6. Thst in the event of any brexh of this Mwtgage w defa~lt on the psrt of the MORTGAGOR, w(b) in th~ twet ~ny of s~id sums of nwn~y
here~n referred to be not promptly and fully paid within thuty (30) days nexl afte~ the ssme severatly betan~ dw ~nd p+Yabk. Wi~hou~ d~^~^d a^O«~
or (c) in the event each and every the sriputations, agrcements, conditions a~d coven~nts of s+id promissory note and tlus mortp+p~ My w ~itAK are no1
iUly, promptly ~nd fully pe~fwmed, d~scharged, executed, effected, compkted, complied with ar+d abided by. then in eitha or any such ~wnt tM ~aid aP
gregate sum menta~ed in said promissory note then remaining unpaid. with interesl ~cuued. ~nd all moneys sKUred. htt~by. ahdl b~c~an~ dw ~nd pay~
able forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely ss if all of tM tsid twna of moo~y wsn oripinally ~tipulattd
ro be pa;d on such day. aoything in sa~d prom~ssory ~ote or in this Mortgaye to the cont?ary notwithsu~dinp: and therwpon a ther~+ft~. at rM op~~on of
sa~d MORTGAGEE, w~thow notice w demand, suit at law or in eqvity, tlxrefwe w tFwe~frer be~un, ~n+r b. pro.ecu~.d a 1f mon.r~ ~.a•.d h.~•by
had mat~red ~ar to its institutiort.
7. That in the evenr rhat at ~he beginning of w at any time pending any wif upon rhis Mw~ps~, o~ to ~onetos~ M, p ~o nfwm h, a ro~nfaa ~
payment of any daims herevnder, ssid MORTGAGEE shatl apply to the Court having jur~sdrction thereof fw tM ~ppointmtnt of a Rec~ive?, wd~ Couit shall ~
forthwith appoint a rec~iver of sa' mortgaged property all and singular, includ~ng all and singular 1he incan~, p?ofin, Itsws ~nd revMUe~ frpn wh~t~v~t ~
~ource derived, each and every o~which, it being expressly understood, is hereby mal9aged ~s if apec~fic~lly set fath ~nd dNCrib~d In thi pr~ntinp aod ~
habendum clauses hereoF, and such Receiver shall have all the b?oad and effective funct~ons and powsn in a~ywi~ ~nTtust~d by a Courf fp ~ Rsaeiwr, ~nd ~
s~ch appoinrment shall be made by suth Coun as sn admitred equity ~od a mane~ of absolute ri9ht to Mid MORTGAGEE, and wirhout nfN~nt~ to tM ~
edequacy or inadequacy of the value of the properry mortgaged or to the wlventy w insolventy of said MORTGAGOR or fM defendanb, snd thaf tuth
renrs, profin, income, iuues and revenues shall be applied by suth Receive? atcordinp to ths lien ot ~quity of ~aid NIORTGAGEE and 1Ft~ practio~ of tuth
Court.
B. To duly, promptly and fully perform, dixharge, execute, effed, comp4te, comply wifb snd ab'~de by. ~sth and ~wtY iM siipulafiont„ apra~nl~.
co^d~t~ons and covenants in said promissory note and thia mortgsge set forth. ' "
9. That in the event the ownership of ?he mortgaged premises. w any part thereof, becanes vest~d in~• p~rson othe* than fhe ~MORTGAGOR, tl+~
h10kTGAGEE, its succeuors and assgns, may, vrithout notice to the MORTGAOR, deal with s+ich sucusaw or ~+of~so? in i^teresf with ref~nt?tt ro,this
morrgage and the debt hereby secured in the same manner as with Nbrtgagor without in aoy way vitiatinp p disthuqirg th! Mottqapors' li~bi~itY Mr~
urder er upon the debt hereby secured. No sale of the Fremises hereby mortgaged snd no forbeaunee on the part of th~ MORTGAGEE w it~ wcts~wrs
er assigns and no eatension of the time fw the paymeM of the debt hereby secured 9iven by the MORTGAGEE w iq suttessors or ast~pM, sM~l opsrd~ ~
ro release, dixharge, modify change w affect the orginal liability of the NIORTGAGOR F~ereiA, either in whole w in part.
10. It is spedf~cally agreed that time is of the essence of this contnct and tMt no waiver of any obl'gstion Mreunder or of tM oblipation s~-
cured hercby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument sec~r~d h~rby.
11. In add~tio~ to the fwego:ng monthly payments of princ:pal and interest required by iM promisfory note secv?ed hereby, morfy~yor cownanb
and agrees to pay to mortgagee with each monthty payment an addi~anal sum est~mated by mortgagee to be equsl to 1/12 of tha annu+l tost of tM follow-
in~:
A-All real property taxes levied or assessed agai~st the above desc?ibed real estate.
6-Premiums on fire a~d windstorm insurance as here~n requ~red to be carried on the improvemenN situat~ on the above dtwibed pr~miNS. ~
C-Premiums on such mortgage guaranty ensurar~ce as mortgagee shall from time to time dcem fif to cstry on the loan setured hereby.
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~ Mortgagee shall from time to time ~ot~fy mwtgagor in writ~ng of the amount due and payabk herevnder ~nd such sum shall tMreupon bs dw ~nd i
r~yabte on the due date of the next monthly payment and each successive month thercafter until mortgagee s1a~~ notify mortgagw of a charp~ in such
~ a~•,ount. Such sums shall be applied by mwtgagee toward the payment of real property taaes, insurance p?emiums, artd morty+pe ywraMy inwr~nce ~
i premiumi. - ~
i IN WITNE55 WHEREOF, the said N10RTGAGOR has hereunto set his hand and seal the day ~nd yesr fint ~foresatd. #
~ Siyned Sealed and de 'vered ' the prexnce of: '
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S i ATE OF fIORIDA ~ '
St. Lucie ~
couNn oF ~
Sefo~e me penonally appeared RnbP rt T~ FA r i nP au ~ S r; ,i A 4 ing 1. a du t -7Alr
-*i~ wiFe, to me well known ~nd known to me to b~
tne individwlt desuibed in ~nd who executed the forcgoiny instrument, and adcnowledged before me that they execvted the same fw the pwposes
thesein exp?essed. And'Ihe'said '
„-~f~oi ~s ~srid ~ ~Pa+~ ~ep~Ma~-w~P~ir+A~
~ee~n;netivn ~T ~na~ takeir ~epeRS1l~ntrapart~frenl ~Ae?~satd-fR,sD~'7LldidoVR~'1a ~FR!'blfaFd' iRd'fR/T ~ ~~RiT~d'saR! 11Rteomanf-feeelY-a~ ~oi~nr
~ w ~ and ~it6ort~ay-ca~p~?isiow~wMtraiw~ app»be~si~wr ~rirer ~f-o~ ~ir~herssid ~wb~nd.
WITNE55 my hsnd and official seal this ~rd day of Au A. D. 19"L
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~ , . Nbtary Pvblic in and for ths State of Horid~ af Lsr~
My Canrnission ~xpirss:
Return Ta : ' "•'t:~~
First Feder~l Savings 3 Loan /luociation ~7 ~~i~ ~'{ptily ~K. Sti~! O~ ~1di it ~
~~~aeaNO R ~ ~ ; ; Co~musan E:pres Sept. z3. ~6~
ECORDEO • ` ~ , • : , ~ ~,.ae ir ti«K+w iw a Gw+b
F°"9~k`4t~1l~IE'COUI~tTY. F~A. ``r~ r
RECOR~ VERIFI - ~ ~
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~=O~ER r=01TR,4S . ~
CLERK CIRCUIT COURT ;
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