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To plaa ~nd conHmwusly ke~p on tM buitdiny~ now a 1~?~+ftN s?tvat~ on utd land a?d on all p~ip~n~nt ~nd pKwn~ily cova~d by tAi~ enorq~
p~, with aQ pn+niu~ thN~on W~d U+ full, fin insur~nn in tM uswl ftudud polky tam, swn approwd by tlw MORTGAGEE. and wind~ann.
ka~ur+a M tM wual ita~d+.d pdicl? form. In a sum approved by tFN MORTGAGEE. M+ sucl+ comP~nY o? canP+nt~s ~s th~ MORTGAGEE n+ay
dir~cq and ~II fin and windtann Maw~na polkia on ~ny qf ssid buildinpt„ ~ny InM.at th~rtin w p~rt tiwrwf, h th~ ~pqrp~t~ swn afor~id a
In ~xas~ tl~wf, shall aont~in tM wwl atandxd mortpry~ daua a such otMr davs~ a th~ Matp+~ m+Y rpvin. n+akinp th~ loa ur~d~? uid po16
dw .,ch and av.ry. WrabN a ~.W MORTGAGEE a in i~fareu nwy •pp~w. .nd ~aci~ u~d ~w.y avch policy ~hall b. P?on+Mh? .ss:~~.d and deliwr.d ro
.ny MW by wid M~ORIGAGEE a fwtMr s~writy to s+Id mor~p~ d~W. +nd, no1 las tMn t~n (t~ days tn advanu of tM ~:pir~tian of wd~ policy. M eM-
IivM lo NW MORTGAGEE ~ n~w+l therwf, to~tMr with ~ r~ceipt fa? tM pnmiwn oi wch ne~ew~lt and tMr~ sMll b~ no fin or wied~tam in~w~na
pl~ad on ~ny of wid bi?ildhps a,p :w~erat tMr~in or p+rt tMno}. w+l~ss in th~ form'~nd with tM bu p+y~b1~ a afons~idt ~nd in tM ~wnf any wm
uf munty b~comN p+y+bN w~d~r wd? policy o. polici~s said MORTGAGEE shaU h~w tM optan to noeiw• ~nd ~pp1y tM saM a? acoovn~ 01 tM M~d~bt~d
~wn acw~d hf:eby or w p~imif s~id MOkTGAGORS to rsceiw ~nd uN H a any pa?t thereof fa orher purposes, wi~hovt thaeb~ waivin~ a impair•
Irp s~r pvity. li~n a ~ipM und~~ a bp vktw of tha n+ortpap~r Md 1n d?~ ~wnt Nid MORTGAGORS ~h+ll fa u+y nawn fail to kkp tM s~id pnmisa w
inwnd, a fail 1o d~liwr pranptly u~y of said policies of inswsno~ ro aaid MORTGAGEE, w fail promptly to paY fulty a~y pr~mivm th~r~for a in ~ery
n~pa1 f~il b p~rfocen, dad~up~, .ex~cvt~. ~ffac6 canpl~t~, oomply yrith and abid~ by Mis cow~t, a any part Mrwf, Hid N!ORTGAGEE may place and
p~Y fa wch insw~ or ~ny put tMreof without w~ivinp or ~ff~ctkp ~y opt~on, Ibn, puity, w ripAt undN a by vi?tw of ti?is Mat~+p~. aid tM
fvti ~no~nt of tach and twry wch paymeM sMll b~ inrrd'w»1y dw and pyaW~ and shaU Esa~ inter~t han tM dat~ tMnof untU p~id at th~ raq of
nin~ pK c~nnNn pK ~nwim a~d topethN with such intsrat sh~ll b~ secvnd by tM IiM of this pwrq~pt.
1. To pMn?14 wnroN a wffa no wut~. M~p+irment o~ detaia~tian of said propKtr o? +~Y P+h tMrwf.
S. To pay ~II and ~input~r tM.coan, charqa and ~xpaw~, incl~+dug s nasonabl~ attwne~~ fN snd oosb of ~bstr+ctt of titl~, incun~d o? paid af
any tim~ by s+id MORTGAGEE, b~c,+us~ or in the w~nt of tM fsilwe an ttk p~n of tM ssid AAORTGAGOR to duly. promptly ~nd fu~y pNfonn, d'acha~
execvt~, ~ff~d, aomprete, oompl~ with and abid~ by ~ach and ewry the stipvlatiora, ayreNnent~. caKtitiom, ~r+d cownants of said promiaw?y noro +nd thi~
mony+p~ +Mr a~ ~itha. and s+~d cosn,. d++r~s+ ~nd ~xpNws, sach and ~very. sMll bs immedi~t~ly dw aed payabl~s whetfier o~ not tMn b~ notici dr
~n+nd. ~rnmpt w oolfect a wN Pa?d'ugt ~nd N+~ full amou~t af sach aod wwY ~ P+t~~t sh~ll bsar inte.~sf fran tlw daa tlKnof ~ril psid ~t tl+~
rate of nir~ pK aMtum par arwwrns and ~II said cbsn, ch~rpes and exps~ws in~wred a psid. top~thK w~th wch iatK~st, shall b~ acund by th~ li~n of tha
~+W~ _
b. TMt W in th~ ~wnt of aay bn~ch of thb Maqap~ ~r defwh on tFr part of tM NIiORTGAGOR. or (b) in tM ~wm ~ny of ~s~d wms of nwney
IMr~in r~fsrnd to b~ ~wl promptly and fully paid within thirty (30) days ~xt afte~ tl+e same sever~ly b~co~r~ due ud p~yabl~. without dern~od or notiu,
or (V in th~ ~ve+1t Mch and way th~ atiputations. +9reM+~nts. caKlitions ~d cown~nts o( wa! pomis+ory rwte and th~s mo?t~+~ +np a~itlw an nw
iu1y, prompNy and fully p~rfo?m~d, discharped. sxec~ted, ~ffected, compkted, complied wi~h a+id ~bided by. thsn in eitF»r a any uxh ~w~t tM s+id ag
pra~t~ wm m~ntionad in aaid promissory not~ the~? ramainieg vnpaid, with interat acwued, and all ma~ep wcursd hereby. sh~ll bacom~ dw and pay~
abl~ fathwitl~, a tMr~aher. tF» oprion of said MORTGAGEE, a fvly u+d canpk~ely si N all of ths uid svms of man~y wer~ aginaly stipulated
ro be paid p~ such day. anythin9 y~ ss;c! prwn;s~ory nots or G? thb Mwtpsge to the contrary notwithstandirg; and therwpon or ther~~ha ~t tM op~ion of
aid MORTGAGEE, witF?ow notice a d~mand, wi1 at Iswr w io puity. tt~erefwe or there~fter begun, may be prosecuted as if all moneys secund ha~by
had r.~'~.`*~d priOr to in iMtitvtiOn.
7. That in th~ event that at the b~gi~ni~g of o? at aey ti~,e ~snding soy wit ~pon thii Mo.tg+ge, a to foreclwe it, or to rofwm it, w to eeforn
paym~nt of any d~ims herounder, said N10RTGAGEE sh~ll ~pply to the Court having jwisdiction thereof for tM appo~ntment of a Receiver, wch Couif shatl
FortMvhh appoiet s reoeiver of said matyaged property all snd sirgular. Ir+clud~rg all and singulu the income. profits, issues rnd revemies from whatev~r
sourp d~riv~d. e~ch and ~very of whrch, it beinp expessly understood, is hereby mortgaged ss if sqcifically set futh and described in the 9rantin~ and
habM+d~an da~us Mreof, ~nd wch Receivsr sh~lt have all the boad and effective funcNOns a~d powers in anyw~se entrwted by a CouH to ~ Rete'ntr. ~nd
wth ~ppolntment shalt be m+tle by s~th Court a an admi»ed eqvity and ~ m+tter of absolute right ro said MORTGAGEE, ~nd withoul refe?ence to ti+e
adequacy a insdeqwcp oi th~ valw of th~ prbperty tnortgaQed or to the whsncy or insolrency o( said MORTGAGOR a ~he defendann, ~nd that svch
rents, pofits, incoms, iswes and rewnwa shatl be applied by svch Receiver accordinp to the lien a equiry of said NIORTGAGEE uid the practic~ of wch
Court.
8. To duly. promptiy u~d fully periorm. diKhaye, ~xecute, effect, ca~pkte, comply with and abide by ~ach ~nd every the stipul~tiau, ayreemenb,
cond'nions and ooven~nn in ~sid promiasory nae snd th;s mortysge set forth.
9. 7Mt in the weM the ownKShip of the matg+ged ~emises, or any part thereof, becanes vested in a person other tMo the MORTGAGOR, th~ `
MORTGAGEE, its a~Kneswn and ~uipeu, may, withoul notrce to the MORT6AOR, deal witF~ such wttessor w sutcessor in inte~est with reference to thia
' mo?t~~ and tF~e debt Mreby secw~d in the ssme rt?imer q with AM1ort9sgo? without in any way viliatw~p a dixharging the Mortgaqors' lisbility here-
under a ~pon tM debt hsnbp sewred. No ssle of tF+e premises hereby mortg+ged and no forbearance on the pan of the MORTGAGEE w iri successors
w assiyra snd no ex~auion of the Yune fw the p+yment of the debt hereby ucured qiven by the MORTGAGEE o~ in successors or +ugm, shall operats
to rele~st, ~ix~r~, oiotlify cMrge or affect the aiginal liability of the MORTGAGOR herein, either in whole or in part.
10. h it spacif'K~IIy asreed that time is of the cssence of this tontr~ct ~nd th~t no wsiver of ~ny oblgation hereunder a of ths obli9aYan se-
a;nd l~ueby sMll at ~ny time theresfier be heW to be a waiver of the terms hereof a of ttx irotrumem secwed herby.
11. In addltlon ro Nx iehgo:ng ~nontF?IY paYme~ts of p~inc'p~l and int~rest reQUired bY the promiuory note setured hereby. morigagor covenanis
snd aprees to psy b mort9+gee with ead~ monthly payment sn sdd~tionsl sum estimsted by mortg~gee to be equsl to 1/12 of the annwl cost of the follow- ~
ing:
A-All real property taxes levied or uaesud ag~inst the above described real estate.
8-Premiums on fim and windstam irisw~nce ss herei~ reqv;red ro be carried on the improvemenri iitwte on the ~bove dewibed premisea.
C-Premiums on suth mort9sge 9wranty ins~war.ce as mortgsgee shsll #rom time to time deem fit to urry on the loan secured hereby.
Mwtgagee shall from time ro time notify mwtgagor in writing of the amount due and payable hereu~der a~d such wm shall thereupon be due and
payabl~ on th~ due date of the ne:t monthly payment and each successive month theresfter until mortgagee shall notify mortgagor of a chuge in such
amount. S~xh surns shall b~ applied by mortg+gee toward the p~yment of real property taxes, inswance prem~ums, and mortgaye guaranfy insursnce
k premiurrq.
~ IN WITNESS EREOF, the ssid MORTGAGOR has hereumo set his l~nd and ~eal the day sed y fint aforass'
~ and deUva~ In tM presence of: ~
i .
` ' t11 S Q n
Q
~LZ • ~
.
~ • n
, STATE OF N@1~ YOZjC
~ ~ ~ ~
courin oF _...t~l ~~~t/ ss. .
~ ~~~~y Louis J. Lafferty and Marie A. Lafferty, hia wife
hi~.Mrife, to m~ welt krawn ~ed known w me ro b~
the infiividwb dacrib~d in and who ucatuted ~M forpoinp~~~@rume~
, and acknowled~ed befw~ me that tF~ey ~x~cuted tFw same for t!N : s:
rh..ein .:aas.ct. Md H+... Marle A. . .
~ wif~ of th~ MW 111S • 61' y ~ ' t„-~ i4i:'~i'~'
~ •x«nin~tion by ent Nk~n ab ~nd fran her s~k! F?vaband. ~,k~
~P+~ ~P~ ~d~wwldp~d to a~d befa~ m~ ttW aM ~xewt~d said inatrvn»d, ~ `k ~
t~rily wd witi~pA ~rqr compubiw~, cautraint, ~ppreheraion w fear of p from het s~id iwsb~nd. '
i~/ l --Y
'~~p~'S
~ WRNESS my Fw~rw! and oificial Nal this 7' 1~ ~y ~ 11 J;
~ /t ~~IC':~'~
: y;1 _
Notsryr P~Wic ' ;
~ My Commissio~ ~apins: ~
; r. ~ Q ' ~
~ R.r~.~ T« . ST~LEO ANO REC4RDE6~ PAUI E B~uc~R .~'••;~`~~,~r~',: i
~ w~t hde.d s~~~ega a~o«~ ~?s~oc~ar~o~ • QLcUCIE COUNTY PuBUC, state or New lfarlc ••••••Y~t,~=` '
~ Of Fort P~erca ']~~iQ-~,Q(~ I FI No. 60-5155900
~ Fo.t Piace, fbrida i\~'~`~.)?~ ~q1i(i!d tn Westthest~r CQU11h , . ~
Certd;ate f,ied ~n &an Coued~r
ermm.won fx~uss WrcA 30, 19M'
~ " ~8 I~iY t IY~f t0: 7Q
~ This instrument prepared by ~
~ first fede~al Sav. b Loan Assn. ~
of Fort Pierce `~0~~~ ~As
~ C
~ ~ .1.. D. Chastain , ~.fRK CIACUIT COURT
~ OR '
~ a~K 171 P,~ 1~ `
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