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Z. To plau ~nd coeuLwouslY kt~P on rM bvilciirqs raw a Mr~aftK utuaN on uid lan~ and on ~11 equipneM ~nd perwnally cov~r~d bY this ~wrt¢
p~, with ~11 praniwA rhKwn pud in full. fN buwanc~ in ~hs uiwl iund+~d poli;y fwn~, ~n • sun+ approv~d by tM MORiGAGEE, ~e~d winditorm
irawaiw M ~M wua) sund+.d poGqr forn~, in a sww appowd by the MORTGACsEE. in wch compaeY c? con?P+ni~s a tM MORTGAGff may
dincq ~nd all fk~ ~nd windsarm inwrana P~~s on ~ny of ~aid 6uild~ngs. ~nY inte~yt ~Mr~in w p+~t ~Fw~wf, h tM p~reyaN swn ~iaaaid o~
b~xaa tM~w1. sAaN cauain ~M u~wl sund~rd ma~9pe~ davu a such otha da~ ~s rM Masp+~ m~Y ?eq~u~. m+tkg ~M loss undK said pdi~ ~
cia. ~ad~ and waY. WyabN a s+id MORTGAGEE a ib i~rKest rn~y appeu. and each and ~very wch policy slull b~ promPtly ~ss:qned ~+d deliv~.sd W
a.
My IMb ~ Mid MORTGAGEE ~i ~YftI1K flCVflfY M fi1KI RW?i~~~f /ItDi. u+d. rwt les~ tMn ten (10) d+yt in ~dvu~o~ of tM ~xpir~tan of sah policl?. ro dr
livw b s+id INORTG/?GfE • reeewal ther~o~. ropNMr with a ractipl iw tM pr~miwn of such ren~walj and tha~ sl?~II k» no fu~ or winds~wm infwancs
plaad on anp of said buildinpa, a~y inte.a~ Nwr~in or put rMrwf. unleu ln the forn+' u~d wi~h ~M lou p~ysbte ~s afw~saidr .~d in rM •ren~ a~r swn
of mo~y becomas p+YabN w~d~t wch PaKY p Pd'dh M'd MORTGAGEE iAall Mw ~M option ro reteiw and +pply t!» s+rM on +ccowu ol ~M ir~bt~ ~
n~ss ~cw~d iw~~py w w q.mi~ s~id MORTGAGORS ro rsoeiv~ and us~ h a a~y put thereof fo~ aher pu?poses, w~~hout the.Eb~ M a7~ing a anpa'u-
inp ~rqr pv~ty. li.n or riph~ wd.. o. bp virn,. of this morepap.r +nJ in d» a+r.+~~ •+~d MORTGAGORS s1++1I fw •ny reason f•il ro k..p ~I+. s+~d p~.~ses w ;
~~sw.d. or f.il a der~ w«rw~r +~r of sad PoiK~es of ~?sws~+c. a ~.d N?OkTGnGE~, o. t.~i aarP~y ro P+r fi+~b +~r wam~wn ~h..etw w tn ~ny :
re-pset fail a puiocn~. d~sd~+r~. ~xscvt~. ~ff~ct. completa comPhr wirh ~nd ab+d~ by this covenan~, o~ any put 1?er~of, s~id MORTGAGEE may pl+c~ and !
Wr far wd~ iiaw~ or aMl p+rt tlweof without w+lvinp a ~ff~ctkq +^Y oP~ion, ~len. equ~tY. a rqht ~ndK w by virtw of this Mat~ap~. and 1M
fu11 ~mo~nt of ~sd~ and ewry wd+ p+Ym~n~ sh+ll b~ iinmedEatey dw +^d WYabM and sl++ll b~ar intKest from ~h~ d~t~ theteof ~n~il piid M rh~ wn ol
n;rw pa c~nh~m pa an,w,n and to~ether wirh wcA inter~st shsll b~ secwed by th~ liav ~ ot this mat~s~.
To p~rmit, oommit ar wH~. no wut~ Mnpawme~t or d~te.iowran of satd p?op~rb w+ey Pu1 thereof.
S. To p~y all ~nd sinpul~r th~.oosts, cMryps and e:pe~sa. inch+dirg s reason+bte ~ttorney's fee and cosn of ~bsh+cts of titl~. LKVrred a paid ~t
any tim~ bp s+id MORTGAGEE, b~t.aus~ or in th~ tvent of tM f~ilvre tv~ the put of the s+id IMORTGAGOR to duly. prompNy aad fully pKfo~m, d~schu9a
ex~cvt~ ~ffM. compls~~. ca~p~Y wcrh and ~b~de br •+ch and av.ry ths sr~pula~ans, ayreemenn. ca+dirio~u. •nd covenann of wid p.om~uory nae and ~hu
mw~ps aryr a eitMr. uid sa;d cos~s. chupes u~d experres, each snd every. shall be imrnedi~tely due and psy~ble: whether a rwt tha~ b~ notrce de
mand, attempt b co11M w wit pendrg; and t1» fvll amount of sach and wery wch PaYment sMll bea~ interaf fran ~he date thereof ~ntil p~id t!+e ~
rare of nie~ per oentwn asr annurn; a~d all said cdsts, chuyes aod expe~sa inowred w paid. topether with s~rch intasst, sh~ll b~ ~ecwed by tM lien of tFas i
mor~pap~• .
0. 1lwt (~I in the ~vsnt of ~ny brcach of this Mwtyap~ o~ default on tFr puf of th~ MORTGAGOR, a(b) in tM eva+t ~ny of s~id sums of ma~ey i
he.ein ~~ten~d ~o b~ nw prompt~y and fully pa~d w~thee U+~.y (30) days eext ~fle. the same sereraUy become due +nd payable. withouf demand w notice.
or in th~ wMt each and every the stipulstiona, agreements, condifions u~d coven~nb of sald promissory note and tt+~s mortpage any a e~ther ~re nol
iuly, prompth and fvlty performed, d~sch+rged, execvted, ~ffected. compteted. complied wtfh and abided by, then ie? eitha a any wch ~re~t tM uid ap~
yre~N swn inero;a?etl in sa;d promissory note then remainirg unp~id, with interest xvued, and all mo~eys secured hereby. sh+ll becnn~e dw and pay-
abl~ fOtthwifll, W thltNffN. at the option o~ said MORTGAGEE, as fully and canpk~ely as i( all of the said sums of money were aiginally stipuNted
ro b~ paid on wd~ d+y. anything in ss~d proa+~sswY ^ote or in tha Matgage ~o the cont~ary notwithsanding: and thereupon or thereafter at the option of
sa~d M.ORTGAGEE. wi~hout ooriee o? dem~+d, suit at lawr w ie equiy, the+efore or theralter begvn, may be prosccuted ~s if all moneys secured hereby
had rnuwed pt~w ~o its instih?tion.
7, il»t in tl+~ event that at the begianing of or at ~ny time pend'ng aoy w~t upon this Mortg+ge, w to faeclose it, w to reform it, or to enforoe
payment of ~ny dians haei+oder, s+id MORTGAGEE shall apply ro the Gouh having jurisdxtion the+coi for the sppa~tment of s Receiver, svch Court shall
EatFiwith ~ppwnt a rece'wer of s~id mortgsged properry all and iu+gvlar, includ~ng all snd singulu the income, profits, issues a~d revemres from whatever
sov.ce derived. each and evcry of whkh. i~ being expressly understood, is hereby margsged u if spec~iicatly set fwth ~nd dewibed in the yrsnrirg u~d
habendwn davses hereof, and such Receiver shalt have ~II the bro+d u~d effective funct~ons and porvcrs i~ anywne entr~ued by a Cou*t to a Receiver, and '
wch appointma+t shau be mxk by wch Court u an adm~tted eqviry and a matter of sbsolute rght to ssid MORTGACaEE, and wi~hout reference to the j
~deqwty w in~deqwcy of the wlue of the prope~ry mortg~ged w to the sonre~cy or ~nwlvency o( said MORTGAGOR w the defendants, snd thal such ;
renrs, profits, incane, ~ssues ~+d ~eve~ues sh+ll be spplied by such Receivcr accwd:~g ro the tien or equity of sa~d NWRiGAGEE and the p?acYKe of such ~
Cowt. ~ , _
~
8. To duty, pranpty and fully perfwm, d"ixF~argQ, exaute, effect, conpkte, tomply with ~nd ~bide by each ~nd every the stipulations, agreemse?ts, s
conditioos ~nd crnrenu?n ~n said promissory note and tl+is mwtgage set fath. ~
9. Th~t in ths svent the owrKrship of the mortgMed Mcm~ses. o? snY P~~t thereof, becwr~es v~ted in s pason o~her th~n the MORTGAGOR. the i
MORTGAGEE, its wccesson snd +ug~u, may, withuut norice to the IVIORTGAOR. de+~ wri~h such wccesso? or succeswr in i^~~eu with reference to this
u
mortgap~ and the dcb~ hereby secwed in the same marr+er as with Mortgapor without in +ny way vit~ating or d~sthsrgirg the Mwtgagots' liability hera
unde? or vpae the debt hereby ~ecwed_ No sale of the prem~ses hereby mortyaged ~nd no forbearance on tht put of the MORTGAGEE w iri successon
w assig~a u~d no exrension of the rime fw the paymem of the debt F~ueby sec~red given by the AhORTGAGEE or ib succeuors or asfigro, sh~l) oper+t~
to release discFMrp~, ie~o~fy cMnge w ~ffect the origin+l liabiliry of ~he MORTGAGOR herein, eithe? in whole or in psrt.
10. It is specefically agreed that time is of the essence of Ihis contrad ~nd that no w~iver of any obligstion hereunder w of the oblipdion sr
cured hereby shall at any time theresher be held to be a waiver of the terms hereof a of the instrument secwed herby.
I 1. In addtion to the fwego:rg monthly psyme~ts of prirK pal and interest requ~red by the prom~uory note secured hereby, mortgagor covenants
and agrees to p~y ro mwtgsgee with each monthly payment an add~~anal sum estimated by mottgsgee ro be eqwl to 1/12 of tFte annwl tost of the follow-
ing: .
A-All real propcrry taxes kv~ed or assessed agai~st the abcve described re~l estate.
6-Premiums on f'ue and windsrorm insurance as herein reqv:red to be urricd on the i~nproveme~ts situate on the sbove desuibed premises. .
'I C-Premiums on such mortg~ge gwnnty insv?u~ce as mortgagee shsll from t7me to time clre~n fit ro csrry on the loan secwed hneby.
Mortgagee ahs~l from time to t~me nofify mo?tgagor ~n writ~ng of the amaunt due and payable hereunder and such sum ahall tF~ezeupon be due and
payable on the due date of the next monthty payment and exh successive ma+th thereafter vr.til matgagee thall notify mortgagor of a chuge in such
amount. Such sums shall be apptied by mortgagee toward the payment of real property t~:es, inswance prem:urt?s, and mortgage guaranly insurance
premivins_
IN WITNESS WHEREOF, the s+~d N10RTGAGOR has Ixrev~to set his hand snd ual the day and year first ~faesaid.
Signed, Seakd and deliwr in t presence of: w
o`e x (Se~~
V -
lS.a~
~ ~ ~
~~n
STATE OF flORISA NEoa/ ~ ~s ~
U Nr uN
courmr oF -
eefas me anoea~y a,.~a Paul L. Gasbazino ,,,d
MIaYy L. ~sbarino his w;fe, to me well known ~nd k~own w me ro be
the k~d7vidwb desvibed in ~nd w!a executed the fore~an~ insn~rrnent, and scknowledged before me that they e:ecuted the same for the pwposes
Mar L. Ga~b rino j
rkere~n expres+ed. ad the sa:d Y
w~r. or d» .+~a Paul L. Gasbar ino ~,,~..~e ,~a
e:amination by me taken tep+r+te and ipa?t from he? s~id husb~nd. ~cknowledged b and before me that sfie execvted s~id instn?me~t freely ~nd volurt-
tarily and without ~ryr campulsion, cautraint, appre fear of or frc ~ her s+id husb~nd.
WITNESS my hud u~d official seal thi+ day of Januar A D. 19 ~
iVotsry Publ A~C ~ 1siF.of~~~t Lu9e
N~
Retvm To: ~Y ~ ~;~M .1aN 30~ ~'~0
wa ~.,i s~~;,g. a~, wss«~a,~«? ~'~LEO AND RECORDED
Of fort Pierce. ST. ~UC(~ COU~JTY. FLA.
P~.u. F~.~. R E C 0 R n:~ F, .
RIF~ED
16 w :
34G , ~
This instrument prepared b'~i8 ~QN I I AH IQ 33 ~
First Federal Sav. & lo~n Assn. ~ -
Fo - - . ; ;
ierce
8Y` ~ . :-o~ ~ p ^ 1 ~
. LERK sCIRCUIT COURT ~ ~ `
C . ~
i
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