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3. To plau and cooti~uouily kt~p on th~ buiidings raw a hertahN ~itwt~ on said I~nd ~nd on ~II ~quipmeet ~nd psna~~liy covK~d by thi~ ma~
p~. with ~1l p~miwrrt tFKr~on p~id in full, firo insur~nc~ in th~ wwl iundud policy form. ~n a iwn approwd by tM MORTGAGEt. ~nd wind~torm
imur~nc~ i~ tM uswl ~undard polity torm, in a ivm +pprov~d by ~M MORTGAGfE; tn such tomp~ny o~ canpaniq u tM MORTGAGEE m~y
dirMi +~+d' all fir~ ~nd wind~~wm iniwann polkies on ~ny of s~id bvild~nps. ~ny InN~Nt thsrei~ w part tF~erwi, in Iln ~pprp~t~ wm afor~ssid a ~
In ~xau ~hsrwf, shall conuin tM wual i~~ndud mortyspe~ ctws~ a iuch orMr d~us~ u the Mw~9+~N m+y nq~tn, mald~p th~ lou v,+dM aid pot~
cia. ~ath and ~wry. parabN to ~aid MORTGAGEE u its inte~eu may ~ppw, snd e+ch s~d ~very s~cA poliq sMll b~ p?omptly ~ss:pn~d ai+d d~livtred to ~
~ny held by s+W MORTGAGEE ~s fwthK s~cwity to s~id mort~~ dsbi, snd. oot i~u thu~ teo (1~ days tn ~dv~nn of tM •xpUUia+ of .ach pot~cy, ro dr ~
liv~r ro said MORTGAGEE a nnswal thsr~of, to~tlw~ wi~h • rac~ipt fw tM pr~miwa of wch n~wa11 and tMr~ sMll b~ no fir~ o~ winds~am insur~nc~
pl~pd on ~ny of ta7d build;rg~, a~y interest tM?~in w p~n thrr~of, oelas in tM fwm' and wMh ~M Iws paysble u ~4or~s~idr a~d in tF~ ~vent ~nr ~um
of moeNy baca~ws p+yabl~ w~Jer wch poiicy or polici~s wid MORTGAGEE ~MII Mw tM option to nceiw ud apply tM urt+e an ~ccount o1 rM ind~bt~
nest s~tvnd Mnby w fo pKmit uid MORTGAGORS fo rKaw and us~ i1 w any pa?t theraof (w othcr purposes, wi~hout lbxeb~ waivinp a ~mpair
infl ~ny puity. litn w ight ~mder a by v~rtw of this mort~a~s ~~d ir? th~ ~wnt ~aid 1NORTGAGORS ~MII fq ~m rsason (ail to keep tM uid premisea w
insund, a fail q deliva~ promptly any of said polKi~s of insunnc~ ro taid MORTG/~GFE. a fail p?omptly to p~y fully ~ny pr~r?i~m ~herefor w ln ~nr
resp~ct fail w parforrn, disclNr~e, eaecut~, ~ffect, canplet~, comply wirh ~nd abkb by this covenant, w any pan h~rwf, aid MORTGAGEE m~y pl~ ~nd
p~Y fw wch inwranc~ w u+y paN th~reof withow w~hinp a ~ff~dinp ~ny option, IiK?, ~quity. w ~iyht vndK w by virtw of this Nb.ty~. ~nd ~M
full anwont of sach ud ~very wd~ paym~nt shal! b~ ~mrnedia~ely dw uid pyabl~ +nd ~II bea. interat from ~M dat~ the~eof ur~til p~id a~ tM at~ oi
nin~ p~r cantum per ~nnum and roye~her with tucA i~tereu ihall k» ~ecvrcd by the I'~ of this mo~t~spt.
To pKmit, oanmit or soffa n~ wut~. :••~pairmcnt or d~tKioratan of said property or ~ny put thsrwf. ~
S. To pay atl u~d sinpvlu th~ /cw», cMryes s~d ~xpenus, includinp a ~easonsble attwney's fet and tosb of abstr~cts of titt~, incun~d or psid N
•ny time by said AAORTGAGEE, bsuus~ a fn the e~~nt of th~ failure on 1M part of the uid MORTGAGOR to duly, promptly ~nd fvtly perform, d~sch+rga
e:ecvte, ~ffed, complete, comply with u+d abtde by ~sch and every ti~e sY~pulatio~s, ayreements, conditioes, and oovkanri of s~id p~anissory note and thii
monyap~ u+y w ei~he.. ~nd sa~d cwts, charqes ~nd e~epen~es, exh and every, shall b~ immediate.y dw and pay~Wej whether a not then b~ noY~oe da
m,r~d, attempt to co1kN a wit p~nd~ng; a~d tM full unount of each and ewry wch p~yment shalt bea. intereit f~om t1+s date tF?ereof until p~id ~t the
rate of nirN per centum per ~nnum; and s{I said cbsts, thuges and expenses intwrad or paid, togtther with svth intsrpL sh+ll bt secvred by tM lie+? of tha
6. TMt in tM awet of ~ny breac6 of this Mat9ay~ a def~ult on N+~ paA of tF?~ MORTGAGOR. o? (b)' in thi ivent any of a~d tums of money
hereie nfsrred to be i+ot promptly and fully p~id within thirty (30) d~ys next sfter the same severalty become dve and piyible, without dem~nd or notite.
or in th~ ~vwyt e~ch and ~rsry ~he sfipulatior~s. ~graemenn, cond~r~ons and coven•nn of sa~d promissory eote ~nd th~s matpa~e ~ny or ei~he? ~n na
iulY, prompNy u~d fully periw,~ned. dixhsrped, ~xecuted, effetted. compkted. complied with and ab~ded by, tlwn in eithe? a any wcl~ event t1K said a~
pre~1~ wm mantaned in ~sid promissory nore thee ramainirp unpaid, with iateres~ ~ccrued, and all mo~eys secured hereby, ahell becwn~ dw ~nd p~y-
sble fwthwith, or theresfter, st the optioe? of said MORTGAGEE, as fully ~nd completely as it all of the ssid wms of money were originally ttiputated
ro be paid on sirch day, snythie~g un ss~d promissay note or in this Morfy~ge to tM conrrary ootwithstandinp; and the?supon w there+fter at N?e optiwn of ?
seid MOtlTGAGEF, withow notice a derrwnd, wit at I~w a in puity, therefore c+r thereafte? begun, may be prosecuted u if all moe?eys s~tvr~d hareby f
had matwed prior to ih institutio~.
7. That in ths event tMt ar the beginning of w st any time pending soy auit upon thw Moi~ape, or ro faeclose if. a to refwm it, a to enfwot
payment of ~ny daims ht+evr~de~, said MORTGAGEE sMll apply to the Court havirg jurisdittio~ 1Fiereof fot the eppo~ntrtKnt of a Reteivet, svch Court ah~Il
iwtliwith sppoint a receiver of said mortgaged property all ~nd sinpul~r, includ~n~ all and singulu the incom~, profits, issues amd revenues fram whatever ;
source derived, each ~nd every of which, it being expreuly vndentood, i~ he~e6y mortgaged u~if apecificslly set fonh and described in the pr~roirg snd ;
habendum tlautes hereof, ~nd auch Receiver shall have all the bro~d ~nd effective funcuons and powen in aoywise entrusted by ~ Cour1 to • Receive~, and ~
such appointment shatl be msde by wth Court ~i an admitted equity and a rrytter of sbsotufe right to isid N10RTGAl3EE, and wi~Fw~t reference to the i
adequacy a inadeqwcy of fhs valus of the prbperfy mo.tgaged w fo the sonrency o. insolvency o( ta~d MORTGAGOR a the defendann, and rhat uxh 1
rems, profits,.incane, issves ~~?d ?weeues sh~ll be spplied by t~ch Receiver sccordiny to the lien w puity of ~aid IYIORiGAGEE and the practice of wcl~ ~
Court. .
8. To dvly. Pro~ry ,nd t„th Pe?rw.~,, daci+args, execute effect, complete. comply with and abide by esch and every the stipulations, agreernenn,
conditions ~nd covenants in sa~d promissory note and Ihis martgsgs set fwth.
9. That in the event the ownenhip of the mortgaped premisea, w any pa?t thereof, becomes vested in ~ person other th~n the MOR7GAGOR, fhe
MORTGAGE iMf sutcessors and auigns, may, witlwvt notice to the MORTGAOR, deal with"~uch tucteuw or suttessor in iMerest wi~h refer,ence fo this
mortga~e an~ dcbt hcreby secwed in the same ma~ner ~s with Matgagw without in any way vitiating o? dixh~rping ths Mortgago~s' iiabi(ity hera
unde~ o? upon tFK de6t hereby secured. No sale of the premises hereby mortgaged and no fabesrsnce on tM psn of tha NWRTGAGEE a its successws
o? auigns and no extension of the time fw the paymeM of the c~ebt he~eby secured given by ~he MORTGAGEE or its svccessws or u~igns, .hall operau
ro releise, distharqe, modify charrge or affett the original liability of the MORTGAGOR hereio, either in whole or in put, ~ '
10. It b spec~fically agreei ihat time is of the esscnce of this contr~ct and tMt no waiver of any obligsr~oe~ MereurKler or~the obl'g~tion sa-
cured hereby sMl1 at any tirt~e thereafler be held to be a waiver of ?he terms hereof or of the instrurtKnt secvred herby. n ~l~ ~
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11. In addition to the fwego:ng monthfy payments of princ:pDl and interest required by the promisaory note setu~ hereby,~ agor~p~0Q,~nts
and agrees to pay to mortgagee with eath monthly payme~t an addiipnsl sum estimsted by mwtgagce to be equal to 1/1 ~f7!?e ann of t~~l~,~}?r-
i ng: ~ O n A C.J
L.•
A-AI! rea! property taxes kvied or assessed agai~st the above deuribed real esqte. (7 ~ ~(T~ Z ~
B-Premiums on fire and windstorm insvrance as herein requ~red to be carried on the improveme~ts situate on the abpv~ describe~ n O _~1
C-Premiums on such rtartgage gw?anty insurar~ce as rtwrt9agee shsll from time to time de~m fit to prry an the I~n~ecured e G O~ ~ 1 ~
Mottgagee shall irom time to time notify mortgago? in writing of fhc amount due and payable hereunder snd suth rii~shall t~ b6~~ ~d w'~
p a y a b l e o n t i+ ~ d u e a ~ r e o
f ~ h e n ~ x t m o n t h l
y p~ y~+ e n t a n d e a c
h s u c c
K Si v e m o n t h t h e r e s f te r ur ti l m w tyagee s
h a l l n o ti f
y agor o f a ng~-~~ y~ (
amount. Such sums shall be applied by mortgagce toward the paymcnt of real property taxd, inswancr prem:vms, and") tgage ~r ty ~sr~( V~ {
premiums. O ~ ;T1' 0 ~ :
IN WITNESS WHEREOF, the said MORTGAGOR hss hereunto set his hand a~d seal the day and year fint eforeaaid~ ~ `~rtR
S~~a and vered a?~
e-sence of: --1 w p~
~ ~ //!//J~ I,/~~ i C3 ry
' a
- •n
n
~
~ In Office as and constituting the Board f T=ustees of
~ First Missionary Baptist C«urch of White City, and their
` successors in office.
!
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i ~
STATE OR FIARIDA
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i COUNTY OF ST. LUCIE ~
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I hereby certify that on this day personally appeared before me, an officer duly ~
authorized to administer oaths and take acknowledgments, Gene Stacy, Willard Sessoms~ ~
~t. G. Sheffield, Charlie HartsfieZd, as and constitutireg the Board of Tzustees of
_ First Missionary Baptist Church of White Ci.ty, to me well known to be the pers4ns
described in and rvho executed the foregoing instruaent and duly acknowledged before
me that they executed the same for the purposes thezein expressed as the act and ;
deed of said Trustees. 1
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4 IN WITNESS WI~REOF, I have hereunto set my hand and affixed my `d~~'ic•ia~~. ~-Pal at
~ Fort Pierce, Florida~ said County and State, this~day of Janua~y,~196~.
RETURN T0: _ - : - : ~ - ~
= t:
Federal Sav+ngs and loan Associa~M This instrument prcpa;ed by o~_~' :
o~ Fwt Pierce, fla. ~~s# F eral ~av. & loan Assn. -
; ' of Fort @r Notary Public in and~ ~j]~•~6g.`St~?te•
~ •
~ 8r~ of Florida at Large.
= v M/T ~Y ~Y~110. ~TATE OF iLQRtNA U.Rp~ .
_ ' p~ Y -ComtatSS~~R E~cp~res ~re.v~~~~~ ~ `
~ c
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