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To plaa and contkwioualy kNp on tM b~itdirgs now o? hKUht~ ~itwt~ on said land and on ~11 equipm~nt snd pKwnally tovK~d by tht~ mo~q~ ;
ps. with ~II pr~miw-4 ther~on p+id in h+14 fin l~sur~nc~ in ti~ viwl s~andard policy form, ~n a au~ ~pp~owd by tM NWRTGAGEE. ~nd wied~ta~n
~mu~aoq in th~ ~nwl ~tandard pol~cy fam. in a ium approwd by tM MORTW1CsEE, in wch compu~Y a? con'P+^'~s a~M MORTGA(3EE rn+y
dinct~ u~d all fin and wirxbronn inswana polici~s a? u?y of wid bviWieqti ~ny IeMns~ tMr~in or put ti?e~wf, in tlw ~ypnyat~ wm ~forMaid a
In ~aaa tMr~oi, sh~ll cont~in tM usoal stardud mortp~pe~ clavs~ a such alwr claus~ at tM MortyapN ~++Y n4~~n. m+kinp tM bas undN uid poiF
ci~s. t+ch ~nd ~wrY. WYabl~ a ~+id MORTGAGEE ~s its IMKest may app~ar. and ~~ch and ~wry i~ch policy ~Mil M p?omPtly ~u:y~td ~nd delivK~d to
sny Mld by wid MORIGAGEE as fvnMr aewrity to s+W mortpay~ d~bt, and. rw~ I~u tMo t~n (10) days in advana of tM ~xptation of each pol~cy. w dr
IivN to uW MORTGAGEE ~ ~a+~wsl tM~~of, fopNhK with ~ ~actipt for 1M pemiwo of wd+ rN+twall and IMn sh+ll b~ no fu~ w windito~m :~w?anu
pl~ad on ~nr of saM buildinps. aey Mtaat tMnin ar p~?t tMnof, unless in tM iwm'and with tM toss p+ysbl~ u aforei+ids +~d u+ tM ~wm ~~y sum
of mon~y b~c~oems p+Y+bl~ ~?^J~r wd+ Polky °r p°I'n°s s+'d MORTGAGEE shall h~w fM option fo neeiv~ ~nd ~pply tM ~+m~ on aaovm o~ th~ ind~b~ed' ;
n~ss s~cw~d Mr~by or ro p~rmit s~id MORTGAGORS ro reuive and us~ if w any put thereof ia othe~ purposes, wi?hout +he~eb,r wsivi~.g or impai~-
Inp a~Y pvity. liu~ ar rpht w+der at by virtw of this morlpsp~= and in tM ~vent wid MORTGAGORS sF?sll fot sny rtason fail 1o ksep tM wid pr~mises ~o
u~
insund. a fatl to d~liver promptly any of said policies of insunnce to s+id MORTGAGEE. w fail promptly to p+y futly ~ny premiv~n therefw or in any
resp~tt hil b pKforn~, diuhar9t, exetut~, ~ffM, tompkU, tomply with and ~bid~ by th3s covenant. or anY ps?t htreof, said MORTGAGEE may place and
f~1i an+owu of each ~nd wary s~d~ Wynwnt shall b~ ,imm~diately dw
a~d p~y+bh aod ~Mllube r nte
~sh~ from ths dab thHwffvntil ~9~h~ r~~tol
nin~ pM untwn pK uwwm u+d to~ether with wcA interest shall be secwed by tM IiM of this lnort9~pe.
1. To p~nmit, caM+it w wffsr ~o wutt. impairment a deterioratan of ~aid properry o? ~ny part t~+erwf.
5. To p+y all ~nd sinpular tMtoatt, chupes +~d txpenses, includirg a reasonable attorney's fae and cosn of abstracri of title, inc~ned a paid at
any tien~ by aid MORTGAGEE, b~c~us? ar in the ewnt of the failure on the pan of ths said MORTGACsOR 1o duly, promptly and fu11y perfwm, d~scharga
execvt~. ~(fed. complet~, wrt~ply with and ~b'~ by ~+ch and wery the ~tipulations, apreements, ta+ditiot?b snd oover++nn of said promiuory eot~ and fhis
mort9a~ aMr or eitMr, and said coits, ch~r~es snd ~xpe~tes, esch and ~very, ihall b~ immedialely dw +nd payable: whsthe~ or not ther~ tv notice da~
mand, ~ttempt to collect or wit pN+d~rg~ and tM full snwum of each ~nd everY ~ WY~+~ sMll bea. intere~t hom ths dats thereof until p~id at the
rate of nin~ per cenwm pa snnum; and ~II aaid ccsb, chu~s and expenses incvrred or p~id, together with such inter~st, ahall M s~cwed by th~ IiM of thi~
morty+~t.
e. ihat ja) in the event of any breach of this Morty+p~ w default on ttr part of the MORTGAGOR, or (b) i~ the event ~ny of said ~wro of money
herein nhrr~d to be not promptly and fully paid within thirty (30) d+ys next aftei the same severally become due and payabk. without demand w notice,
or (c~ in the ~wnt e~ch snd ewry the sKp~rlatio~u„ ~gree~nents, conditions ar+d coven+nts of a~d promissory note and tha mwtp~ye any w either ar~ no1
iuly, promptly ~nd fully performed, d~scMrped, aaecuted, effircted. completed, complied with and abided by, then in either or any such ~wnt th~ said ap~ ~
pre~q swn m~ntion~d in said promissory note then remainirg ~np`aid, with inte?est sccrutd, and all moneys seeured herebY. shal) becom~ dw and p~y- f
•ble futhwitFy or there+fter, ~t th~ optan of said MORTGAGEE, as fvlly ~nd completely ~s if all of the said sums of monay were a~ginally stipulated
ro be psid on such day, anythinp in said promiuory ewte w in tha Mortgspe to the contrary notwithstanding: and thereupa: a there~ha a~ the option of ~
said MORTGAGEE, witFavt ootice a demand, wit at law w in ~quity, therefore or thereafter begvn, may be prosecutad u if ~II ma~eys secvred hersby •
had m~twed pnor to its institution.
7. That in tM event tMt at the begiening of or at u?y time pendiny +oy wit upon this Mortg+ge, or to fweclose h, or to raform it, or to ~nfwc~
payrmnt of ~ny daims herev~de?, s+id MORTGAGEE sFull ~pply to the Court IWVing jurisdid'wn thereof fw the appo~ntment o` a Receiver, wch Courf sM0
fwtliwith appoiM • retsiver of said matg~ged prope?tY a~l and sinpulu, includ~ng al! and singula? the incoms, profits, iuues ~nd revenues from whatever .
source d~rived. each and every of wFi~ch, it beinp ezpressly understood, i~ hereby mortgaged as if apecifically set forth and described in the yranting ~nd
hnbe++dvm dausss hereof, and such Receiwr shall hsve sll the b?osd and effective functions and powen in ~oywise entrusted by a Covn to • Receiver, and
such ~ppOinfmMf iFwll be mad! by iuth COUrt ~f an sdmitted equity ind i mat1N of absolvte ~ight ro said MORiGAGEE, ~nd without reference to the ,
edeqv~ty o~ i~+adeqwcY of the value of the prbperty mw~g+9ed or fo the sonrency or insotvency oi said MORTGAGOR or ~he defendann, and tl?at such
renrs, profin, income, iuuea snd revenues shall be applied by such Receiver accordiny to the tien a aquity of ~id 1NORiGAGEE and ths practict of such
x~• .
Coutt. ~ • _
8. To duly, promptly ar?d f~lly perfwm, d'acharge, execute, effect, complete, comply with and abide by esch u~d every ths sNpsf~tions, agreemenb,
cw~ditions and covenants in said promissory note snd tha mwtgage set fwth. f
9. Th~t in the event the ownenhip of tl+e mortgsged premises, or any part thereof, becanes vested in a person othe~ fhsn the MORTGAGOR, ths
MORTGAGEE, in successors and auiyns, may, without notice to the N10RTGAOR, desl with s~ch wccessor or wccessw in iMeresf with refcrerxe fo thia !
mort9~ye u~d tF?e debt hereby secured in the ssme manner as with Matgsgw without in any wsy vitiatitg or d~xh~rgirg the Mort~agors' li~biliry hsre- t
under u upon the debt hereby secured. No ssle of fhe premises hereby mortgagcd and no forbeara~+te on the part of the N10RTGAGEE or in suaesson ~
or •ug~n and no exrcnsion of rhe Y~me iw rhe paymem af ~he aeb~ hereby secured given by the MORTGAGEE w in succeuors or assi~ns, shall operaro i
to relsase, d"~scharye, modify chanpe or affect the origi~al liability of tFro MORTGAGOR herei~+, either in whole or in part. ~
10. h is specifically agreed tMt time is of the essence of Ihis contratl snd that no wsiver of any obl'~gatan f+ereuncl~r or of the obliyation ~e- ~
a;red hsreby sh~ll ~t any tawe thereafter be held to be a waiver of the terms hereof a of the instrument secured FKrby. ~
11. In addition to the forego:ng monthly payments of print:pDl and interest required by the promissory note secured hereby, mortgagor tovenanb ~
and agrees to pay to mortgagee with each monthly payment an additional sum estimated by mortgagee to be eqwl to 1/12 of the annual cost of the follow- ~
ing:
A-All real prope?ty tsxes kvied or assessed against the above dewibed real estate. ~
B-Premiums on fire and windstorm insurance as herei~ requ~red to be carried on the improvements situate on the above described premius. I
C-Premivms on wcF~ mortgage gwranty insurar~ce as mortgagee shall from t~me to time deem fit to carry on ehe loan secured h~reby. ;
~ 1Nortgagee shall from time to time notiiy mortgagor i~ writing of the amoum due ard psysble herevnder a~d suth sum shall therevpon be dve and i
~ payable on the due date of the next monthly payment and each successive month thereafter until mortgagee shall notify mortgagor of a change in such ~
~ amoont. Such swns sha~l be spplied by mwtgsgee toward the p+ymeM of real property ta:es, inwrarxe prem.ums, and mortgage guaranty insurance
premiums.
y ye+r fint afwessid.
~ IN WITNESS WHEREOF, the id MORTGAGOR has hereunto set Fus hand u~d ual the da snd
! led ~del' in esence oh ^ ~
i v ~
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~ ~n
~ ~n
~ STATE OF FLORIDA
St. Lucie ~
caurmroF .
before me penawtly appeared ~rl F~ nrPhar and
SAl mA T)r+PhRr ha wife, to me well known and known to me to bs
the individwls described in and who ~xecvted the faregoirg instrument, and aclcnowledged beforo rt?e that they exenrted the same fw the purposes ,
~ rh~~~;n ~pressed, And ,h. Selma Dreher
wifs ot tM said CaY'1 ~T'@hBY' upon a separste ~nd privab
~ examuuYan bp me tsken sepsrate snd spart from her said husband, ackrwwledped to a~d before me that the executed said instrument freely and votun-
rarily and witho~t a~qr compulsion, w~strai~t, apprehensia+, or feu of or from her ~aid Fwsband. •
WITNESS my hand aod officisl seal this llth day of A ril p, p, 19 68
~ ~ ~
~ Notary Public in ~nd for the St oP~Florida, d!A(~.~~
My Commission ~xpires: ~ 9, i '
Retwn Ta ~~i0~f iif~' ,
~ Fr..+ rYde..i s~ri . a~? nu«~a~~a, ~ COR~E~otsry Pui~:. r , fi
Sbb ~1 ~t,r:da at L3i,~ ;
~ :
~ Of Fwt P~erce. AND RE
Fo.r PK.u. Florida FILED ' C OU~~?Y. F~„~ Commission Expires No~. 3, ~9 , ^
~ ~T. LU C : r. ~ ~ . ~ w.e.e ~r r:. a c++~,~r caY ; . ~ ~ ' :I : _
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~ This instrument prepared by ~6~14''~ = y ~ " '
~ 5 ~ ~ ; ~
~ First Federal Sav. & Loan Assn. ~ ; y$~ ~ _ . . = .
~ of Fort Pierce '~a APR ~~~G,~~~ - , . ~
~ Sy D_ ~haRtain '"~~jf:
::~•~c" : U: ~E?~S ~ rb
. CLERK CIfcCU~T COURT
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BooK~71 PAGE1201 ~ - '
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