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To plic~ aed contimwusly kNp oe thi bulldirg~ aow or Mr~~hN ~iwat~ on Hid I~nd u~d on ~II pviprn~nt u~d pNwnally covK~d by thi~ n+atp~
ay~, with ~II premiwrA thereon pa~d in h+14 iir~ IftfVr~M! in th~ uiwl titsodud polky fam, • sun? ~pprowd by tM MORTGAGEE, and winduorm t
tnswanu in th~ vswl standard pol~cy faen. in •~wn ~pprov~d by tM MORTf3AGEE; in wd+ comp+nY or comWni~s a tM MORTGAGEE m+y
di»eti and +11 fin ~nd wi~rorm inswarKt polieNS oe +ny of uid buiW~eq~, ~ey tntK~st tMr~in a part ther~of, in tM pprp~a wm afw~said w
In ucceW fMrwf, sMll contain tM uswl st~ndard mort~pK cl~us~ a wch othu cla~ u tM Mortq+~ m+Y nW"v~. m+kinp tF» bss undK aid pol}
cip, ~ad, and ~very. p~yabl~ a s~id MORTGAGEE ss in interest may app~sr. +ed e+ch and every s~~fi policy ahsll b~ prompty ass:~n~d and d~liv~nd ~o
~ny Mld by s+id MORTGAGEE as fvrtlw~ ucurity ro ~+id matpap~ debt, ar+d. not tess tlwn tee~ (10) d~ys In ~dvu~u oi tl+~ ~xptr~tio~ of ~ach policy, ro dr
IivM fo taid NiuwTt's:~v:f a rinewsl tl~wf, toqtthN with • rKdpt fw tM premiwn of wch r~new+lt ~nd tF+tr~ sh+~~ b~ ~o fih o~ wi~dsrorm le?wranc~
pl~pd on u~y of said b~lidinps. ~ny interest tMreio ot p+~t thsr~of, v~less ~n iM fwm'and with iM bss p+ysbl~ u afa~s+idt +~+d in tM ~v~nt ~ny wm
of mon~y beco~ews p+YaW~ v^da* weh ~wl'eN °r Polieiws said MORTGAGEE sh+ll h~w tM option ro reuiw and ~pply tM sam~ a? aeeo~M oE tM Ind~bt~
nas s~cw~d I~~by w b permit s~id MORTGAGORS ro rsceive and ~rs~ it a any pa.t the~eof fo. o~he~ purpo:es. wi~hout thereb~ waivin9 a impair-
ieg ~ny puiry, lien or ipht ~ad~r or by virtw of this motty~pst a~d in iht tvw~t wid MORTGAGORS 3MI1 fw sM? r~ason fail ro ke~p tFN a+id pnmius w
insured, or fail to d+livtr promptly ~ny of saW policits of insunnu to aid 1NORTGJIGEE, w f~il promptly to pay fulty ~ny premium ther~fa a in anY
n~p~ct fail b p~rfocnl, d'~scharge. ~xecut~. ~ffect. compkt~. oomplY with ~nd abid~ bp this cowo+nt, or ~ny p~r1 herwf, ssid MORTGAGEE msy pl~c~ ~nd
p~Y for wch irwuana or ~,y put the.«±f without waNino or aff~ctino aw ootion. lien. ~vu~b. o~ rig!~t und~r a by virtw of this Mortyy~. +nd the
full amount of ~ch ~nd wery such p+Yment sh+il M imn+~di~t~ly dw and pryabb ~nd sh~ll bear intKest from tM a+f~ i~~e~i until p~id a~ tF» raq ol
nine pa aotvm p~r annum ~od toyether with sucA intere~t aMll b~ secvnd by tM lia~of this mort9ap~.
f. To p~rmit, eemrnit or wffa no watt~. imp+im~ent a d~tKior~tan of said propKty o? any put tMrwf.
S. To p+y ~II snd ~lrgular tM•cats, chupss ~nd exP~ns~~, i~x~udi^p + ~~+sonsbl~ ~no^'~y's fee and aosh ora~nacts of titi~, incvn~d w paid
any tim~ by said MORTGAGEE, baavs~ w ie the event of ths failuro on tl» part of tM said MORTGAGOR ro duly, promptly ~nd fvlly psrform, dwcMr9~;
•xecvt~. ~fisd. oompka, oomply with and abid~ by ~+ch and every the ~tipvla~ions, ~graements, tor~tions, •nd cowr»nn of aid praniuory not~ +nd ~hu
mony+pe uiy a eitMr. and said costs. ch~rpes u+d ~xpernes, each u~d wery, shstl b~ immediatety due and p~y~bles whether or not tMr~ b~ notia ds~
msnd, ~tf~mpt to collect or wit p~nd~ngj and the full ~rnovnt of sach and wery wd~ payment ih+ll be~. intereit from the dat~ the~eof until p~id +t the
rate of nine ptr centum per amwm; aed ~II said c3sts, ch~r~es and expenses incurred a paid, topether with wch iMerest, shalt b~ sacwed by tM liu~ of tha
mortp~pe.
b. That j~ in *he avent of any bread+ of this Maty+pt or defavlt on the psA of the MORTGAGOR, a(b) i~ tM w~nt any of said awro of morwy
herein nfarr~d to be not promptly and fully pi3d within thirty (30) d~ys nex~ sfte~ the same save+alty becane due and p~yabl~. without demsnd w notice,
or in tM ~wnr each and every 1ht sHpubtiot?s, spreemenn, conditiona ~nd coven+nn of s~id promissory note ~nd rl?is mortp+~t any w either ar~ ~01
iuN. promptlr u+d fully performed, discbuped, execu~ed, efficted. compkted, compl~ed with and abided by, th~n in eithtr a sny such ewm tM ~aid ag
pre9aM wm m~ntiaMd in taid promisso~y oot~ than remaininp unpaid, with interest acwuesl, u+d all moneys secured hereby. ahall becom~ dw ~~d pay-
abk forthwitFy w theresfter, at the option of said MORTGAGEE, as fully and compktely ~s if ~II of the said wms of ~moe~y wen oripinally stiputated
to be paid on such day. anythinp in said pran'~ssory oote w in this Mortg~ge to the contrary notwithstanding: and thereupon w thereafter at tta option of
said MORTGAGEE, without notice or demarKl, wit ~t la~v a In puiry, tl+erefwe or thereahe~ beyun, may be proxcwed as if all moneys secvred her~by
had matured prior to ib 'uutitution.
7. Th~t in tl+s event that at the begir?nirg of or at ~ny time pendiny wy wit upon this Mwtgage, or to fweclose h, a to rofwm it, w to enforc~
payment of anr clsims herevnder. said MORTGAGEE shall apply to the CouA havirg jurisdician thereoi for the appo~n!ment of a Receiver. such Couit shall
fortliwith sppo~nt s receiver of said mwty~yed property ~II s~d sirgulu, includ~ng all and singulsr the incort~e, profit~, iuues ~nd revenues from whatever
sou?ca derived, esch and every of wFi~ch, it bcing expressly understood, a hereby matgaged u cf sPec~f~caU~ se~ f«th ~~d desv~bed tn ~he yr•mirg and
hsberwl~n+ dsuses Mreof, ~~d such Receive~ shall have sll the broad and effecrive f~nct`au and povrers in ~oywise eMrwted by a Co~rt to • Receiver, and
wch ~ppointmcM t}?all be made by wch Courf as an admitsed equity and ~ matte? of absolute right to said MORTGAGEE, and withov~ reference to the
edequacy or insdeqwcy of the v~lw of the praperty mwtgaged w to the sonrency w~oso~rencY of said MORTGAGOR a the deferKlann, ~nd tMt such
renn, profits, tncome, iuues snd r~venues sMll bs applied by such Reteiver accord~?g to the ~ien o? equity of ssid MORTGAGEE uid the p?actios of such
Court.
8. To duly, promptly and fulty perfam. d'acMrys, execute, effect, oanpkte, comply with and abids by each ~nd every the stipulaYroris, agreemenn. 3
conditaru a~x! covenana in sa~ promiuory note snd this mortgsg~ set for~h. ~
9. Thst in tM event the ownenhip of tM mortgsged premises, o? aMr ps?t thereof, becomes vested in ~ penon other thsn the MORTGAGOR, ths
MORTGAGEE, its succestors ~nd auigns, m~y, without notice to the MORTGAOR, deal wit ~ such uxtessor w wcceuor in interest with refcrerKe to this
morlgage ard tl+e debt hereby secured in Me same ma~ner ~s with Nb?tgagor without in any way vitiatiny ot discF»rging the Mortpagors' liability herr
under u upon the debt hereby secured. No sale of the premises I+ereby matgaged ~nd no fwbearance on tM p~n of the MORiGAGEE or ih successon
or ~ugns and ra extension of the time for the payment of the debt hsreby secured giveo by the MORTGACaEE a its wccessas or asaiyns, shall operate
ro rekas~, discMr9e, modify ch+rge or sffect the wiginal li~bility of the NI~RTGAGOR hercin, either in whote w in put.
1Q It h specifically ~greed that time is of the euence of thw contract ~nd th~t no waiver of any obl'gation hereunekr or of the oblipation se-
cvred hsreby sh+ll a1 u+y time thereafta be held to be • w~iver of the terms hereof a of the instr~ment secured herby.
11. In addition to tlx iortgo:ng monthly payments of princ:pD) and interest required by the promiuory nore sec~red hercby, mortgagor tovenants
. and agrees to pay ro mortgagee with exh monthly payment a~ ~dd7tional sum estimated by mortgsgee to be eqwl ro 1/12 of the annual cost of the follow-
iny:
A-All real property taxes kvied or assessed against the above desaibed resl estste.
B-P~emivms on fire and windstorm ins~rance as herein requued to be carried on tl+e improvemenb situate on the sbove desuibed premists.
C-Premiums o~ suth mwtgage guarar,ty inswance as mongagee shall from time to time deem fit to urry on the loan sccured hereby.
Mwtgsgee shsll from time to time notify mo~tgagot in writing of the amovnt due and payable hereunder and suth wm shall ihereupon be dve and
payabk on the due date of the ne:t monthly payment and each svccessive month thereafter urtil rta?tgagee thall notify rnortgagw of a charge in such
amounf. SucF? sums shall be applied by mortgsyee toward the psyment of real property faxes, ir?surance prem:ums, and mortgage guaranty inwrance
j premiums.
~ IN WITNE55 WNEREOF, the asid MORTGAGOR Ms hereunto set his hsnd snd sesl the day and fint afcN~~
Sipmd, led dcli ' tM presence of:
~ - ~ '
~
~ ~.t%b--E_ wu~fl./ rc.~q
n--n
STATE OF FLORIDA
~ Saint Lucie ~ . . ~
~~e ~ ~~iy ~ u~ ts . A . Palmer
ppe and
LOU1S@ Y11m27[ his wife, to me well known and known to me to b~
ths individwb desvibed in ~nd who executed the faegoiny instrument, end ~ckrawledged befwe me tMt they execwed the same for the p~rrposes
~~e;~ /y~ ~ ~cd L-otiGe Pa mpr
wif~ ot th~ said :d. A. Palmer , ~pon a sep~rate and privat~
examin~Ywn by rn~ taken separate and ~part from her said husband, ~cknowledped ro~~d before m~ thst she exetuted said instrument freely and volvo-
tarily and witho~A arqr compul:ion, corotraint, appreF~aion, ~ fex of or from Mr wid Fwsband. , ~
WRNE55 my hsnd .od off~,~ ~.i th~• s YN d,y ~ 6larch o. tv 68
_ ~
•,3 Notsry Public in ~nd fw the Slstt of Florida a rp~ ~
~ My Commission sxpires:
Retvrn ~a
~ s.~~~~ a~~ w~«;a,-~«, . Rotsrl? Pnb~'K. State of Florida at LarM ~
~ Of Fwf Pierta ? My CW~AqSSWII E7(~IfES AUq. 7, ~9~ '
Fort Pierce, flwida : f~~` ~ ~~d ~r ti«ic+~ Pb. 8 Gw~Yr G.
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" FILED AND RECORDED~
•p p` 5T, IUCtE GOU':TY, FLA.
~,i;;'; ut ^n:, ~'r^':' ;
re ared ti~j ' ' ' ~
ment p p '~'s ~ ~ 1Fi5~54
~ This instru - ~ - .
& Loan A^~r.. • • .
first Federal Sav. ~r n "
ri
of Fort Pierce 'G8 ~ruuR 26 PM ~2 : 2 I
. •~::~?;3:??' A~
~ By D. Pa • O~~ir~,•.S
~ ( ~Ol~l(1,1 ~ CLEkK CIRCUIT COURT ck
.
~ . _ . . . . _ ,-CN K~ ~.::s.
~~-~-a-- Rtr -it '
. . : . . .