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To plau ~nd oonrinuov~lY kMp on fF+~ buildinps ~ow a!?e~e~hN sih?~t~ on iaid la~d a~d on ~II puipmMt ~nd pNwnally covK~d by thls maq~
with alt premiw:4 tF?Kwn pa~d in fvll. fin inswaoc~ in th~ us~+l iundard poliey fam, tn ~ ivm ~pprowd ~1r th~ MORTGAGEE, ~nd windNwm
~nwr~n In th~ viwl star~.d policy fam. in a sum approv~d by tM MORTGAfbEE, in wch canP+^y w oomPa~i~s +s tM MORTtiA(3EE en~y
d'u~d~ ~nd ~II fir~ and wind~torm insw+ea PolKi~s on aey of said buildieps, aiy inte~at tMrtin or p~?t tl~wf, in tM ap~pat~ wen afw~ssid a
in ucass tMr~of, sMll aont~in tM wwl uandud mo~t~~ clau~e w•uch aM. dau~..s tM Mary+p.. m+r nquwe, enakkq 1i» loss undK wid pol}
cia, tach and ~vKy. WYab1~ w said MORTGAGEE ~s ib intersst may appqr. and each ud ~vay tuch poliey ~hall b~ prortiptly ~u:9ned a+d dNlve~~d to
any MW by uW MORiGAGEE ~s iurtMr wa,.i~y ro s+id mo~~q~ debt. +od na I.s• ~h.n tsn (1~ dan u, ,dvanc. of ~h. •xpkarion of .•d+ poiky. w da
liw? ro iaid MORTGAGEE a nnewal tMnof, top~thN wi~h ~ ne~ip~ tw tM pnmiwn of weh r~wd; snd tMn ah+ll b~ ~+o f~n or wieKhtam ie?wnne~
plapd on ~ey of said buiWirqs, any interat tMrein w part tMnof, uniss~ in tM fonn'and wi~h th~ bss p+Y+bl~ +s ~fa~s+idt u~d in tM ~vant ~ny wen i
of mon~y bacorn~s WYabl~ wwla w:h poiicl? o~ Polici~s said MORTGAGEE sA+ll Iww th~ optioo w reaiw ~nd apply tM wM on ~cco~nt o1 tM ind~bt~ ~
ekss Ncw~d hK~by o? to p~rmit s~id MORTGAGORS 1o rauiw ~nd uM i1 or ~ny parl thertof fa other purppus, without therebr waiviny a impair- i
irg ~r?y pu~ty, li~n or ri~ht und~t a by virtw of thb mort~ap~s +~d 1n tM ~vent said MORTGAGORS sh+ll tw sny reason f~il M ketp tM s+id ptar?i~ to
insund, or fail to d~liva promptly any of taid politits of inwnnu to said MORTGAGEE, or fail promptly to p~y fvlly aMr pr~miwn thereiot w in anr
nsp~tf f~il b pMfann, dischupe, txscvt~. ~i(ect. oompl~t~, comply with ~nd abid~ by this cown~+?1, w~nY WN htnof. s+it! MORTGAGEE m~y pl~q and
WY fa avch Lawano~ w u~r ps~t tM~sof wiN+out walvirg w aff~i~p +nY aWioA, li~n. puih~. ar r'~pht w+dN a by virtw of this 1Norq~p~. Md th~
fu11 amo~n~ of exA ~nd fv+ry wd~ p+Ym~nt ~I+~II b~ imrnedi.»ly dw and p~yaW~ uid sh+ll beu intenst han th~ da» ~Iwwf w?til paid ~1 th~ rab of
nin~ pN oennim pN amum and toQaher with wcli inter~st shall b~ secvred by th~ lia~of this ~nort~p~.
1. To pKenit. oommit or wHa no wute, fa?p+imnent w deteriontan of said propKt~? or a~y p~rt tMnof.
S. To p~y all snd slnpular tM ~oosts, cha~yes and exp~ns~~, iociud'ug s reason+bl~ ~trorMy's h~ ~nd oosb of ~bsnsc~s of titl~, uKVnsd a p+Id ~t
•ny tim~ by s+id MORTGAGEE, b~cws~ or in tM ~wnt of the f~ilw~ on tM pa?t of th~ s+id MORTGAGOR to duh. promPtly and fully pKfwm, d~schu9a
e:ecutq ~ffM. complst~. compN w~th and ab~dt by each and every ths uiputations, apresments, ~tions, ~nd ooven+nb of ~+id Promis~wy oot~ and thi~
mortpap~ any w eitt+er. and said co~~a. chupes and expeewes. e+ch and ~very, sh~ll bs imnsdiately dw and pay+blt: whetht~ w not tAer~ be nofki da
m~nd, ~mmpl to colkct a wk p~ndnp: and ths f~ll amount of tach and wery wd+ paym~nt slwll bear interest han tM dat~ tMr~of until paid ~t th~
rate of nine per centvm per ~nnum; +nd all iaid cds», chuyes u?d ezpensei ieKwred or p~id, topNhu with s~+ch inttrat, sh+ll b~ a~curtd by th~ IiM o1 tFw
6. 1Mt in the ewnt of ~ny breach of this Mortyap~ w default a? tFr p+rt of the MORTGAGOR, or (b) i~+ th~ ~w+~t any of s~~d swns of mawy
hsr~in nfar~d to b~ not promptty a+d fully p~id within thi?ty (30) days oext ~Re? ~he same severaly become dw ~nd payaW~, without dem~nd w notite. {
or (c~ in the ~wnt each snd ewry tl+s stipulatioro, +~rsemenn, conditions ~nd coven+~n of sa~d p.ari~ssory note ~nd th7~ mortyap~ ~ny a ei~lier u~ ~ '
iuly. pranptly ~nd fully perfo.med, d~scharped, exacvted, ~ffected. compl~ted, canplied wi~h ~nd ~bided by, tMn in either w sny svch event tM said ~ ~
pre~n wm m~r?Yan~d in said promistiory note then rert?ainir?p unpaid, with interest accrued, and ~II moneya secvred hereby. sMll bacome dw and p~y- ;
•bl~ forthwi~h, O~ tF~OrNFtM. at tl+~ optan of taid MORTGAGEE, u fvlly and compktely ss if ~11 of the said wms of monsy wen oripinally stipulated ;
to b~ p+id on wd+ day, a~ythirg in said prom~ssory note or in this AAonysge to tM mntwry noTMritMtsndiny; ~~d the?wpon or thereaNer at th~ op~ion of
asid MORTGAGEE, without notice w dem~nd wit at law or in puiry, tMra(on or thereafte~ beyvn, m+y be prosscuted u if ~II moneys secund Mreby ~
had maWred prqr to iri irotitution.
7, TMt in th~ event th~t ~t the beginniny of or st any tim~ pendirg ~oy su~t upon this Mortgsge, w to foreclos~ it, o~ to reform it, a to snfwa
paymero of any clsims here~~der, said MORTGAGEE shatl apply to the Cou~t h~ving jvrisdiction thereoi fw tM sppomtmer?t of a Reccivar, such Couit shall
fortliwith sppant • receiver of said matpaged property all and sinp~lar, incl~d~ng all and singulx tM Incan~, profits, iawes and reve~ves from whatwer
wwo~ derived. ~ach ~nd ~very of whrch, it beirg expreuly understood. is I+ereby mo?tgaged u if specifically set forth and desvibed in the 9r~ntirg snd
hab~ndum d~uses hereof, snd such Receiver shall have •11 the bwd and effcctive funct~ons and powen iA nywise entrusted by a Cou?t to a Receiver, and
~uch appointment shall be mads by wch Covrt as an admitted equity ~+d ~ rnitter of absolute ri9ht to sa MORTGAGEE, ~nd without reference ro ths
~dpu~cy w inadequacy of the wlw of the p?bperry mw~g+ged w to the swvency or insotvency of wid RTGAGOR a Ihe defendants, and that such
?enrs, profits, income, iuues ~nd revenuss il?all be applied by such Receiver accordiny to the lien o? puity of aid MORTGAGEE and the prmice of such (
Court. ~
8. To d~ty, promptly ar.d fully perform, disch~rQe, execute, effect, complete, comply wiih a~d abide by each and wery the stipulatio~a, ayreemenb,
co~ditiom and covenanrs in said promissory note and this rtwrtpage set fath. {
9. That in the event the ownership of the mat~a9ed premises, or sny psrt thereof, betomes vetted in a person other N+an the INORTGAGOR, tl+~ ~
MORTGAGEE, its wcceuas snd +uiyra, may, wi~hout notice to the MORTGAOR, dcal with such suaeswr w wtcessor in iMerest with ~efcrence to this i
morl9age and the debl hercby secwed in ths tame manner as wish Mortgagor witho~?t i~ any way vitiatinp or discFWrpirg the Mwtgagors' liability here_ ~
under or upon tFK debt hereby secured. No sale of ~hs premises hereby mortg~ged ~nd no fwbearance on the paA of tM AIIORTGAGEE oc in successon
or ~uq~s and no extension of fhe time fw the psyment of ~he debt he,eby secvred 9iven by the MORTGAGEE or iti sucustors w assi9ns, shall o~xrate ~
ro rokas~, d~scMr~, modify chang~ w affect tl+e wiginal li~b~lity of the lMORTGAGOR he~ein, either ie whole or in part.
10. It h specificslly ~yreed thst time is of the esserxe of this contnct and tMt no w~iver of any obligatio~ here~rnder or of tM obligation se- ~
a,red I+~reby fhall at ~ny time thereafte? be held to be a waiver of the ~c~ms hereof or of the instrument secvred herby.
11. In add~tan to the fotego:ng monthly payments of princ:p,l and interest required by the promiuory note setu~ed Fxreby, mottgsgw covenants `
and apre~s to pay to mwt9sgae with each monthly payment ~n ~ddirionsl sum estimated by mortgagce to be eqwl to 1/]2 of the annual cost of the fdlow-
ing:
A-All re+l prope?ty hxes kvied w assessed against the sbove desv7bed real estate.
8-Premiums on fir~ and windstorm insurance as herein reqv~red to be drried oo the improvemenis :itwts on fhe sbove desaibed premius.
~F C-Premivms on such mort9sge guuM+tY inswance as mortgagee shall from t7me to tin+e deem fit to carry on the loan secured hereby.
Matgapee shall from. time ro time notify mortgagor iR writing of tF?e amount due at~d payabk hereunda u?d svch ;um shap thereupon be due pnd
payabl~ on the due dste of the next monthly payment and each s~ccessive monfh thereafter until mortgsgee shall notify mongsga of • charye in such
amou~t. Such swm shall be spplied by mwtgayee toward the paymem of resl property Lxes, insurante prem:ums, snd mortgage guaranty insur~nce
premivms.
IN WITNESS WHEREOf, the said RTGAGOR h~s hereunto set his Mnd and ua~ the day and year fint aforesaid.
~ bd arw! ad ' of: ~ ~ '
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, ~ ~~n 1
K--n ~
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STATE OF FIORIDA ~ ~
Saint Lucio
courmr oF - .
wf«. ~...o~.ny ,~....a Fred P. W ill is . ~ ~
VQrs J. Willis his wire, w m. we~~ known s~a keown w n» +o b. ~
i
tM individwb describ~d in uid who ~xecvted tM forpa Inst t and +cknowted9ed befon me tlwt tMy eaecuted tM wme for tik p~rrposes
~ ~ w veza w`~is
«i1~ of Mn ~ald Fr@ p• w a upon • separate and privaf~
e,e~min~tion by en~ t~ken separ~t~ and ~part from f+a said ~cknowledged to ~+d befw~ em that ihe e~eecuted s+id irotrumem heely u~d volwr
ruil Md witl~out tpn Ision, cwritnint, u
Y MY MWehe++sion. ~r of w from her iaid husband. ~
WITNESS my h~nd and officwl seal thi. ~`r d~y o{ A I~l A. D. 19 GB
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~ Not~ry P~rblk i~ and ia tht S fbrida ~f luy~
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~ My commw,ion .aps..,: y
Retwn to:
~ Firu F~a) Savwps i toan I?swci~t~on • ~ .
~ of fo.~ P~,~.. ~ FILEO AND RECOF~ ~?rb`c, Sate ~t Flaid~ at tarqe _
Fo?+ v~~«~, Fb.~a, ST. I.UCIE COUNTY~~~ E,~p,r~ No.. 3. 19N;:~
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~ S. ~ ; , , , - ,
~ 1 ~ ~ . ~,.1.! A.«~c.. t.. a c«.w? c~. .
~ ' 1659`?'1 - y : T, -
~ '68 APR ~ 10 i6 ~ _ ~ _ _ , .
~ This instrument prepared M •~t? ; . , `
~ loan Ass~. . , t• ~
~ First federa~ SaY- & %
of fort Pierce . c?.;c , ~,~~~:,s
p~ P CLERi( CtRCUIT COURT ~ `
By
~ aooKi71 FACE $94 ~k
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