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1. ~o p?at~ and continuously ke~ on IM buildi.~ now o~ h~~~aftN ~+waN on ia%d 4nd and on ~lt cqvipmtot ~nd patonatly cova~d by 11~ matq.
y~, witi~ ~It prem~u,~ ~Mreon p~~d in tu11, fi~~. ins~,ranc~ ~n ~F~ vsval standard poticr torm,, ~n • svm ~pprowd by tM MORTGAGEE. ~nd windstorn~
inwru~c~ in ~M uswl i~andard pol~r (wrn, in • swn approvtd by th~ MORTGJIGEE; in wch tomp~ny w companie~ ~s tM MOP.iGAGEE n+ay
d'u~ctj ~nd all tN~ and w~ndsro.m inwranc~ pol~cie~ on an~ of s~id buwtd~npa, ~ny inhr~s~ tl+e~ein o~ p+~t the~wf, in ~M ~pgrpat~ sw~ ~faes~:d a
In ~xc~u ~M~wf. shall conain ~h~ uswl st«~dxd mor~g~ge~ cla~s~ a such o~M~ davs~ u tM Mort4apN may rpuK~. ~na?Prp ~M Iws unda ud pol}
cwa. ~sch and ~wry. Wr:b1~ w said MORTGAGEE ai in Gaereit maY WDe+?. and exh and ~ve~y t~ch pol~cy ~hall b~ promptly su:9rwci and dtiive~ed ~o
~ny h~ld by said MORTGIIGEE as tw~ha uc~~ity ro said ~nort~a~ dsW. and. ea~ kss tMn tM (10) days in wvu+c~ of tM ~:p'v~~~on of rsch politp. w d~-
t~vN ro iaGct MORTGAGEE ~ r~newal the«oi, topahM with a rec~ipt iw tl~e pr~miwe of such ~~~?ewal; rnd ~Fw~~ sMll b~ no iw~ w wind~tam inwr~
pl~pd on uhr of said buildinpa, u~y inte.~st ther~in or put lhereof. ~nleu in th~ fomi and witA tM bss p~yal~k a~fw~s+~dt a~+d in iha ~vent any tum
af rwety becoenes pay~bl~ w~da wcF~ poiicy a pel'r,i~s said N10RiGAGEE sAall haw the opNon w~eceiw and ~pply tM s~rn~ on ~ccow+~ 01 ~he indebred- ~
ness s~cur~d hereby or a psrmit ia~d MORTGAGORS w ~ectiv~ and us~ it p any put thereof fo~ othc~ purposes, wi~hout th~eb~ waivi~g w unpai~-
irq anY ~q~riy. IiM w rigF~t unde? or by virtw oi ~hii mo:s~ye: and in th~ ~vem sa~d MORiGAGORS sh~ll far any ..ason f•sl ro kse~, rM u«J pr.m;ses so
inswed, ar fail b deliver p?anpNy any of said polic;*s of insutinu to sa~d MORTGAGEE, w ta~~ P.o.~p~y ro P+y h,iy ar.y premiwn thaefo~ p in any
reipect fail a perforn~, d~schuge, executa, ~ffM, compteq, car,ply witA +nd abwM by this covenu?t, a ~ny pan he:wf, said MORTGAGEE m+y plau and
WY f« a+~?Y p+n tl+Keof wirhou~ waNinp or aff~cti~Q +ny oprion, i~en, puiry, o? ripM vode~ or by virtw of ~his Mortpap~. aed the
fvll ~now+t of sach ~nd ~vr. y svch parm~nt sh~l1 b~ immcdi~t~ly dvs and p~ysbh a+d shall bear interes~ from th~ dat~ ~hereof until pai~ M tM ut~ ol
n~M pM centwn pN ~nrwm and togethc~ with sucA inte~est sh~ll be fecyred by th~t li~n o/ this morpayf.
1. To pKmit. comndt w wffer eq wute, imp~Kment w dererioration of said propNfp w any p~A t?~er~oi.
S. To pay alt snd singviar tM tast~ cha.p~s and expe~se~, indi,d'ug • re~son~bl~ auorney's fee snd coits ~f ~bstrsct~ of tide. incwr~d w pa~d sf
any Y~ne by said AIIORTGAGEE, becauu w in ths ~vsat of tM (~Iwe on d+~ pah of th~ said Al1pRTGAGOR a duly, promptly and fvlly perform, diuhargR
e:ecvtt. stfect, compl~~~. cwnply w;th and ab:d~ by ~sd+ ~nd svery the sriputarions, agreerr~sn~s, condition~, and covsn~nq of said promiuory note ~nd ~hii
mor~gage aey or e:the~, u~d said cosn, chuges snd ~apa.res, eacl+ a~d every. shall b~ i~m~ediately dw ~~d payablr, wheeha a not there 6e ootip da
muid, atMmpt ro cotkct or wit pending: and th~ full amouot of each ~nd awry such p~yment ~hall bea? inte.est (ron~ the dat~ thercof vntil p~id at the
-te of nirr per tentum per an,wrn; and atl said ocits, cl~arges and e:pansts iecwred w p~id, to~thsr with :uth in:erttt, sMll b~ sacured by th~ lien of fnw
mort~~y~.
e. 1'!»~ u+ the e~ent of any b~each of Nos Ma~9sg~ or dsfautt on tFr part of tM MORTGAGOR, a(b) in the event ~ny o( said su.ns of ~na+eY
herein r~fer~~d to be not promptly u~d fully psid wifhin thiry (3p1 days ne=~ after the same uvcralty betane due u~d payabb, without dem~nd o~ notice,
or in tM evsM cach snd every the stip~rlationa, agreements, cwid~r;ona ~nd coven~nts of sa~d p.omiuory note snd th:~ mxpape any a athK ar~ no1
iuy, p.o~,ry a~ F~iy pe.fwmed, d'acharped, executed, etfected. eo.nplcted, canpl~ed wcth and ab,ded Sy, theo in e;ther or u~y such ~v~+t tl?t said +g
pregat~ sum mantiw~eJ in said prpnissory note then rem~inirg ~npaid, with interest acuued, a++d a11 mw~eys sesurod hersby. sh+ll becornt dw and p~y.
abie fathwith, Ot tF~lfNffN. at tFw option of said MORTGAGEE, ~s futty ~nd compleuty as ii atl of ihe said sums o/ mw~ey were o~g;nalfy ttipubted
to b~ pa~d on such day, any~A;ny in sa;d prwn;uory not~ or in this Mor~gage to the contrary nor.v~~hs~a~+d~ng; and thcrevpon or thereafta at rhe opuon of
sa~d MORTGAGEE, w7thout notice a demsnd, suo at bwr or in equiry, thaefore or thereaher begun, may be prosecvted as if sll ma~ey~ secured hereby
had m~tuted prpr to ib inttitutan. ,
7. That in ~he event tha~ at rhe begin~b,g o# a at sn~ t7me pend;ng ~oy w~t upon this Mo.t9age. w ro fweclos~ it, or fo refo~m it, w ro enfo.c~
paymeot of any daims hercund~r. said MORTGAGEE shall apply to the Covrt having jurisdrction therool ior the appo~ntment of ~ Receiver. svch Cowt sh~ll
For~Fiwith ~ppoint ~ receiver of said mort9aged property all and s7ngula/ includ~ng atl ar~d sinqutar ~he incomq polits, issves and reret~ues from whalever
wwce dcrived, esch and every ol whKh, it beiny eapreasly wders~ood. is I+ercby mor~gaged u~f spec~fic~uy set (or~h and desa~bed in the yr~nting and j
Mbendum clavses hereof, and such Receiver shatl have sll the broad ~nd effect~ve funa~on~ and powe~s in anywise entrus~ed by ~ Court to a Rece~ver. and
s~~ch appointmeni shau be made by wch Cowt u ~n ~dmitted eq~;ry and a m~f~er of ~bsolote rigM to said MpRTGAGEE, u~d wiihout rcfe+eoce ro the
adeqvicy a inadeqwcy of ths wlue of the p~ope+ty mort9sged or to the sonrency a insolvency oF said MORTGAGOR or the dcfendants, and ~hat such
rents, profits, income, ,uues and revenues shaU be appi;ed by such Reccive~ xcad;np to the lien or equiry of s~id MORTGAGEE and the practice of wch
CouA. .
8. To duly. pomptly and f~lly pe~fwm. ~xhuye. e:ecute, effect. con,pkte. comply w~th ~ne1 abid~ by each and every the stipulafions, sgreemenp,
conditans and cove~+nts in sa~d promisso?y note and this morrgage set forth_
9. That in the erent the ownership oi rhe ~r~ong,Qed prem;ses, w,ny pu~ rhereof, becomes veired in s psnoo orhe. rh~n ~he N1pRtGAG0~2, th~
MORTGAGEE, its aucceuors and ~:s:gns, may, w~thoul oo~ice to 1he MORTGAOR, deal with such successw or successor in interest w;th refcrence to this
mortgsge and the deb~ hereby secwed in the same mamer as wifh A~twtgagor witlwW in a~y way vitutirg a d~schargirg the Mortgagws' liabiiity hera
under a vpon the deb~ hereby sccurod. No sak of ~he prem7ses hereby mwtgsged ~nd no fabearance on ~he p+rt of fhe MpRTGAGEE or in successors
o~ augns and no exrens~on of the time iw the paymem of the debt i~ereby secured givcn by the MORTGAGEE or ;ts succe:sws or auigns, s!»li operate
to reteue, d'ucliarye modify charge or affect the orig~nal Gab~tiry of the MORTGAGOR hereiq either in whde or in put.
10. It is specifically ~greed ~hat time is of the esscnce of rhis contr~d and th~t no waiver of am ob!g~r:on hereun~kr or of the oblipation so-
n,red hereby s1y11 at any twne ~hereaftn be held to 6e ~ waiver of the ~erms hcreof or of the instrvment secured herby. -
I1. In add~tion ro the fwego:ng monthlY payments of princ'PDI and imeres~ requ~~ed by the prom~ssory note secured hereby. mortgagor covenants
~ and agrees to pay ro mortgsgce wieh each montNY paYment an sdd~rionsl sum ~~~mated by mwigsyee to be eqwl to 1/12 of the annual cost of tF+e follow-
ir~:
A-All reaf properry ta:es kvicd w assesscd agai~st the abuve desuibed resl estate. ,
6-Premiums on (ire and windstotm it?surante as herein reqv:red ro bt urried ort the imp~orernet?q sitwte on the abovr deuribed prcr•~ises,
C-Premivms on wch mortgsge gwranty ins~rance aa mwtgagee shsll from t~me to time deern fit to urry on the Iosn secured hereby.
Mortgagee shall from time to t~me notify mwtgagor ~n writ~ng of the amount due and payable hereuoder and such wm shall thereupon be due ~nd
paYabk on the due date of the neat monthlY paYmeot and each successive manrh thereafter w.ri! mortgagee shall notily mortgagor of a cha~ in such
amou~t. S~xh sums s}:sll be applied by mortgagee toward the payment of real property uxes, insurance prem:ums, aod mortg~ye guaranty inswance
premiums.
IN WRMfSS WHFREOf, the said MQRTGAGOR has hereunb set his hand and seal the day and year fint afweaa;d.
~S' n S ed and delivered the e of:
C
~n
.n
~Q . ~-4
r~q -
STATE OF FLORIDA ~
courm oF S t. Luc i e
sefa~ a.,«~uY,~..~a Arlond augene Lott
- CI118 aro lyn L o t t his wife, to me well krawn ~od k~wwn to me to bs
the u~divdwb dauibed in and who executed the fwegoing instrument, ani scknowledged before me tMat they executed tFe same for the pwposes
rt~ereir~ exp.essed. And rhe sa:d- ~:[~II& ~rolvn LOtt
w~rQ ot ~ne ~~a Arl ona F~~gen~ Lot t ~w, .,~..,re .~c p.n„r.
examinatan bp mc tsken ~epsnte and apart from her said husband, aduwwledged b aod befwe me that she e:ecvted s~id i~ntrwrie~t freely and vo{un.
tariy and without any compirlsion, constraint, apprehcnsa~ or/f~u of ot from f~e~ ss;d husband. ;
~ of~
WtTNESS my hu:d snd oK~ci~l seal thn . day oi A. D. 19~ i
~ ,~/Ff~E~/ ~
Notary Publie in and fa the~e ~F~lorid~ a! W~ ;
Retww Ta ORD~O. MY Comm~ssion expires: ~6 ;
Frst Federa! Sav'ugf !4 Loan AssociaY AN~ ~~'C - . i
'°~~~E „~UN?Y• A' ~tary publ;c, :t~te ~f fbri~a :a ...:qe ,
- Of Fat P;t.«. L~~1E `'VEa~FiEO M Comeiusion E:pires No.. 3, i969 -
Fo?t Picrce. Flo~ida s R; r qR~! y~d ~y Fw a Cw+M Co. _
51 . . . " .
q ~ ~1. .
'61 pEC ~ ~ : : . - -
~622~-;.~~-~a o~R.~ - ~
c~ERK c~RC~~T ~ .
i
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BOOK ~6~ PACE1~ / ~
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