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To pl~ u?d continuously ke~p on th~ b~,ildirgs oow w Mr~~hK wtua~ on said land ~ed on ~11 puipre~M ~nd P~rwMih bf? this maq~ i
•9~, with ~N ptmiwns thereon paid in fvll, fir~ insvranc~ in tlw uwal stardud polity fwm, in a swn ~pprowd by iM 1MOftiGAGEE. and wi~d~twm ~
insur~nt~ in th~ ~swl irae~dard pol~cy fwm. i~ a sum approv~d by the MORTGAGEE, L+ wch cort~panY a comW^~s a th~ MORTWCEE in+y {
d~raaj a+d all f'n~ ~,+d w'u~~wrn ieswv~c~ poiicies on ~ny of said bui~d~nps. +nY Y?e~st tMrein w pat the~wf, M? th~ pqrpat~ ~wn ~fora+id a ~
~n sacm IMrwf, sMll contain tFw uswl tta~dud mai9agN claus~ a wch ah~+ d+w~ +s tM N~o~~9+pN m+Y nq~w~ 'n+k1^0 ~'d pd}
ctei. each ~nd ~vsry. paYabl~ ro s+id MORTGAGEE ~s its interest may ~pp~+r. +nd ~ad~ +nd tvKy wch po~itY ahall b~ pranptly aas:9n~d u+d d~liwr~d M ,
any Mld by said MORTGAGEE ai further secvrity to said morrgsqs deW, and nw Itu than t~n l10) d+Ys in advana of th~ ~xpiwtion of ~ach pol' to d? ~
liver ro said MURTGAGEE a renew~l rhereof, roperM~ wi~h a ~ece~p~ fo~ the pnmiwn of ~~ch n.Kwalt ~nd d+K~ ~MII b~ no f~n or wtndi~am/~41~ur~nc~ i
plxed on any of said buildinps, ~ny interat therein or p~~t lhereof, unless in tl+~ form ~d with tM bss p~yabl~ ~s atu~saidr +~d tM ~w~1t ~{r~y wm i
of mon~y b~com~s p+yabb such poliqr u policiss s+id MORTGAGEE shall }~w tM option ro receiw snd apply tM s+m~ on +coow~~ of th~ lnd~bted~ !
neu s~cur~d F~tby a b pKmit said MORTGAGORS to nuiw ~nd uk h a any p~rt thereof fa other pwposes, wi~laut thtreb~ waivinp or ~mp+i~- :
in9 any puity, li~n a ripht w~d~r or by virtue of thia morlp~~~ ~nd in tM ~vca~ s+id MORTGAGORS sl?+11 fw ~ny n~son fail to k~ep tM s~id p?~mises so ;
~~wred, o. hil a de~ivcr prompNy .ny of said polK~es of iniw•nu ro sad MORTGAGEE, a f•il prompNy fo pay fvlty ~ny pr.miwn ~he~•fa or M u+y
~espect fail b p~.form, diicharqe, ex~cut~, ~H~d, complete, comply with ~nd abid~ by this oov~nant, or ~~y p~rt Mtwf, said 1MORTGAGEE m+y p~+u ~od ~
pay fa ~uch inwranc~ w+~y pari th~reof without w~ivi~,p a ~ffectinp ~ny option, li~nr puity, a riyht a by virtw of this Mortya~. +ed the .
full amovnt of each and ~wry wch p+yment sMll be immediat~ly dw and pyabl~ aid ~h+ll E~ar inte:~st from th~ dat~ tMrwf vntil p~id ~t tM wb ol -
n~ne per tentvm per anrwm and to~Nher with suth intaest shall be setvred by tFN IiM of this mortpa~.
1. To pKmit, oornmit or wffu no waste, impairment or deterioration of s~id prope~ry a any part tMrtof. -
5. To pay ~II ~nd siegular tM cwb. chargea ~nd expensea, includiny a nasonabl~ ~ttorney's fN and toa1~ of ~bstr~tU of thl~, incun~d or pNd at
ar,y time by said MORiGAGfE. bacause w i~ the ~vent of the failwe an the put of t1r uid MORTGAGOR to du~l?. p?anPty ~nd fully patonr?, d'acharo~
e,~ecuts, effect. compkts. comply wilh and abtde by each and every the stipulatioru, ~yreem~nts, ca+ditions ~nd aownant~ of uid pron?iswry nob and th4
mo~tgage ~m a aither, aod iaid costs, charges ~nd expenscs. each and every, tMll b~ tmrnediately due and p~y~bl~t wMtMr w not tMr~ b~ r?otip d~
mand. ~~tempt to colkct or wit pNxl~n9s snd the full amount of esch and every wch p+Yment sh+ll bea~ int~nat fran th~ d~t~ thtnot w~til pNd at th~ `
rate of nir~ per centum per annum; and all said cosn, charges and expenses incwred or pald, tog~ther with ~uch IntKpt, sMll M Ncund b~r th~ li~n of tlw
mortya~.
Q TMt W in the event of any breach of Mis Mortyage w d~fwlt on tlr p~~t of the MORTGAGOR, a(b) in th~ ~wnt any of i~ld twn~ of mon~y
herein referred to be not promptly and fully paid within thirty (30) days next aftm tl+~ same severally bKOms dw and p~ysbl~, without d~nwnd or notics.
or (c) in the event each ~nd every the slipulations, ~greements, condirions ~nd covee~nn of s~~d promissory not~ u~d tMa morfpap~ anp w~itMr ~n oa
iuly. Promptly and fvlly perfo~med, d~schar~ed. cxecuted, effected. compl~ted, cornplied with ~nd ~bided ~iy, tlwn in.NtMt a any such ~wm NN +~id
gregate wm menYaned in said promissory oote tf~en remaining unpaid, with interest ~cuued. ~nd ~II ma~eys s~d+nd. lwr~by, shdl b~ownt dw ~nd p~y~
abte fonhwith, Ot iF1QfNFiN. at the opt~on of said MORTGAGEE, as fvlly ud completely as if all of th~ s+id suer of moe~y vr~n aqindly stipubt~d
to be paid o~ such day. anything in sa:d promiuory note w in this Mortya~a ro ~he comrary notwirhsf~ndinpr s~d thKe~pon a ther~ahK at ~M option of
~e~d MORTGAGEE, wirhout norice o. demand, wit at :aw or in equity, ~he.efae o? thercaft~r bpur4 nwr b~ ixoMU+t~d ~s H+U manY~ Ma+r~d Mnby
had maturad prwr to ib insfifution.
7. That io the event that at the begiruiirg of w at any time pendin9 ~ny wit i?pon this Mortpa~e, or fo ~ohtloN h, o~ to nform k, o? to Mfota
paymcm of any daims hereunder, said MORTGAGEE shall apply to the Covrt I+~ving jwisd~ction thenof for th~ ~ppointm~nt of ~ R~c+ivu. a+th Cour1 ~hall
for~hwith appoi~t a receive~ of sa~ mortgaged property all and sinp~l~r, inclvdug ~II and sinqul~r the I~aorM, p?ofits, ~~nd nwnws fran what~v~r
saurce derived, each and every o which, if being expreuly underslood, is hercby mort9sged ~s if ~p~cifiully wl forth a~d d~wib~d in thi ~rantinp and
habendum davses hereof, and such Receivw shall luve ~II the brwd and eHectivs fvnctions and powers in ~nywis~ eMrwt~d by ~ Cou~f fp a RatNva. ~nd
~~ch appointment shall be made by such Cou~t as an admitted equiry and a m+tter of sbsolute riyM fo said 1MORT~9AGEE, a~d without ?~f~nno~ fo th~
edequacy or in~deqwty of tl+e value of the property mwtgaged u to the solvency w insolventy of s~id MORTGAGOR a the deft~dants, ~nd thal ~uch
renrs, profin, incane, issues and revenues shall be applied by such Receiver accordinp to tM li~n o~ pvity of wid MORTGAGEE a~d tht practic~ of wch }
Court. t
8_ To duly, promptly aad fully perform, discharge, execute, effect, complete, comply with ~nd abidt by wc1~ snd ~wry tM stlpubtiota„ a~rMerwnts,
conditions and covenants in said promiuory note and this mortgage set forth. ' . ;
4. TMt in the event the ownership of the mortgsped premises, or sriy part tF~eof, becomes wst~d tn p~qon otMr than th~ MORTGAGOR, th~ 1
h10RTGAGEE, in successo?s +nd auigro, may, vr~thout notice to the N~ORTGAOR, deal with such wot~asor or F+o~lsso? in intentt with r~f~r~nc~ to thb
~,origage ud the debLhereby secured i~ the same ma~r+er as with Allwtgagor without in any wsy vitiatinp a di~thuyinp the Mwtpspors' 1i~biliry Iwr~ ~
under w upon the debt hereby secured_ No sale of the premiscs hercby mMgagad ~nd no fwbtar~~te on tl+~ part of th~ NWRiCaAGEE Or fM a?ootsson
or ass~gns and no ext~nsion oi the time for the paymem of the debt hereby secured piven by the MORTGAGEE or ib ~ucoessas or auiyM, aMll op~r+t~
so release, disdwr~e, modify change or affect tix wiginal IiabiGty of the MORTGAGOR her~iry either in whol~ or in put.
10. It is spec~ficalfy agreed that time is of the euence of this contrsct and that no w~iv~r of any oblipafion Mrwnder or of flr oblfp~ti0n ~
cured hereby shall at any time tF+ere~fter be held to be a waivcr oF the tam~ hereof w of the lrutrument sewr~d hKby. -
11. 1~ additia~ to the fwego:~ monthly payments of princ'pal and interest required by 1M promiswry note securtd hereby, rtw?fp~or cOwMnb
ar,a agrees to pay to mortgagee with each monthfy payment an additional swn estimsted by mortgapee to b~ equ~l f0 1/12 of the annwl cost of fIN follow-
ing: -
A-All resl property taxes levied w assessed against the above desuibed re~l estste.
; B-Premiums on fire and windstorm insurance as herein requ~red fo be carried on the imptowmeMS sitwM on ihe above d~svib~d p?lm1tN.
C-Premiums on such mortgage gw~anty insurar~ce as mortgagee shall from time to time deam fit to utry on the Iwn tecured het~by.
k Mortgagee shatl fram time to time notify mortgagor in writing of the smouM due and payable herevnder snd suth wm thall tMr~vpon b~ dw ~nd
~ rayable on the due date of the next monthly payment and each successive month thereafter until mwigagee ahsll notify mortgagor of ~ ch~np~ ln wd~
amount. Such swns shall be applied by mortgagee toward the payment of real property taxes, insurante premiurtu, ~nd mortpspe ywr~My inwrant~
premiums.
IN WITNE55 WHEREOF, tFx said MORTGAGOR has hereunto set his hand and seal the day and ar Pust ~fotesdd.
Siy Sealed live in the presente of:
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~ " . "`-~n
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oTA~E OF FlORIOA ~ .
St. Lucie
couNnr oF
Before me penonally appeared A~'ll PB gA s; t S~T1~~.9 Aatll~ ~~Ild
i~i~ife, ro me well known ~nd known to ms to b~
ri,e individw desaibed in and who executed the foregoing instrumsnt, and acknowled9ed before rr» th~t g~ execWed th~ s~rtK fw ths purpaes
rherein exprasted. Awi~M~~sdd
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a~1 fe ~t thr ~Id aP'a~'r~PM~ ~'P~+~
e.c awwr»twir Y~+~e~t~ic~~Mr wid ~psr? {+renr Iw.+? wid ~i~etb~wdl ~erwaiedger ~o~w+~ befo~s~rrw~llrt~alw-~eMed-swd-i~Mrwnen~ ~+wi~r-Md-»I~
t~rily-s~~ wi11+e~~ w' ~e~np~IsieR tensle~iMr~PP?ei~e~arie~Ter ~ironr!?er7ak~fiv~
WITNESS my Mnd snd official seal thi day of A. D. 19_~
• ary Pubtic in and fw tM Statt of florida af lup~ -
. My Comrnission ~xpinu . ~
Retwn To: . NOtary Pl~bl'K. Sbt! Of A011di at Vt9! i
Fir~t Fadar~) Savings a. Loan /lssotiation .~ti '~~i.r' ty (01111Mff10* El[~IflS Z3, 1969 I
Of Fat P~erce. i- bwbe b A..r:c.. iw a c.s.dh Ce-
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~~p~WRECOR0E04 ~ . ~ ~ • ' ' t
gT, LUCIE COUNTY. Rt.A.~ _.;'<< _ i
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RECORO VERIFIED - _ t_ J , ~
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~.~~,,,JW .
kOGER i•OI7RAS
CLERK CIRCUI7 COUR7 ~0~~~6~? P~~19
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