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3. To plan and cont(ouousiy k~ep on tM buildin~s now or hereafte? titwt~ o~ satd ~and and on ~II equipm~nt ~nd ptrsonally cov~r~d by thit mat~
p~, with ~II prcmiur.~ tMrw~ p~~d in full, fire insur~nt~ in 1hs usual st~nd~~d policy fo~m. ~n • sum approv~d by tM MORTGAGEE. ~nd wir?dttorm
lnwrana tn tiw u~wl sqndard policy fany In a sum ~pproved by tFw MORTGAGEE; tn such canpae+y or tompaniq u tM MORTGAGEE n?~y
dinctj ~nd all fir~ aod wiodatorm inauranc~ policies on any of taid build~npa. ~ny intK~it thsr~in or part tM?wf, ln ~M apyre9at~ wm ~ta~said a
i~ ~znss ~twwf, sh~ll contai~ tM usual standud mor~p+pN clsvte w such otha d~us~ ~s ~1+~ Matys~ee may rpu'u~, m~kGp th~ tws uadN ssid poli~
ciq, tsch ~nd ~very, payabl~ ro s+id MORTGAGEE a in Fnterc:t may ~pptar, and tach and ~v~ry suth poliq aMll b~ promptly ~ss:9ned ~nd deliv~r~d ro
sny h~ld by ~aid MORTGAGEE a fur~her s~cvrity to s~id matQ.p~ debt, ~nd, rwl I~ss than ten p0) days in advanc~ oi tM ~xph~tion of ~ach policy, to dr
liv~r to iaid MORTGAGEE • renewal ~heroof, top~~hK with ~ rec~ipt for tM p~mium of such r~~ewal; u~d ther~ i!y!1 b~ no f'~~ o? wir~lwm inwr~nt~
plaad on a~y of said bulldin~~, u~y interpt ther~in or p~rt thKwf, ~nkss in tM forei ~nd wi~h tM bss payabl~ ss afw~s~idj and in tM ~v~nt ~ny wm
of mon~y becanes payabl~ ~~der wch policy a policies said MORTGAGEE shall h~w tM option ro nceiw ~nd apply ti+~ s~m~ on acco~nt o1 thf Indebted~
~vss tacured hereby a ro pamit said MORTGAGORS ro receivs ~nd vs~ U w~ny part tF?ereof fo~ o?he~ p~rposes, wi~hout thareb~ waiving or impair-
Inp ~ny puity~ IiM or right undc. or by virtw of this mortpapr, ~nd in th~ ~vtot Nid MORTG/1GOR5 thall fa any rtaso~ f~il to ke~p tt» s~id premiies so
ir?iured. a f~il ro d~liver promptly ~mr of said policies of insunnu ro ssid 1NORTG/IGEE, or (ait promptly to pay fully ~ny p~rniurd tl+~refw or in ~ny
~~,pest hil a p.rfae~, dixharge, executs, ~if~N, complete, comply with ~+d ~bid~ by this mve~+am, o~ iny part hKwi, said MORTGAGEE may plm ~nd
p~y for wch irnu~ancs o~ u~y put thereof wirhout watv'u+p or ~Hectinp any option, Iiwn, pvity, or ripht undK a by vinw of tMi Morrya~, and tl+~
full amo~?nt of each and every such piyment ~!1 b~ immediately dw ~nd p~y~bl~ and ihall b~a~ interest from tM dah thereof untit p~id N tl+~ ~at~ ot
nin~ pK ttntum pe~ anrwm ~nd together with sutA interest shsll bs secured by /M IiM of this mort9ape.
1. To ps~mit, commit or wffer no wast~, lmpairrt+cnt a dete~iuaNon of said propKty or ~ny put tMreof.
5. To pay ~II snd urpvlu the.costs, chary~es ~nd expenses, includinp ~ reason~ble ~tto.ney's fee ~nd cosb of ab~tncts of title, tncvned or paid ~t
any time by said AAORTGAGFE, becavss a ln th~ w~nt of fhe failu~e on tM paA of tM Nid MORTGAGOR to dvly, promptly and fully p~rform, d~uharge,
execute. effect. compkt~. comply w~th and ~bide by ~+ch ~nd every the sY~pulaYwro. ~greements, conditions, ~nd cove~anb of said promiswry note and thu
mortgape anr a either. and said oosts, charga ~nd expe+xe:, each and every, ahall b~ im+nad'eately d~e and payabk; whether w not thera be notice de~
mand, atttmpt to oolktt q suit p~nding; u?d tM full srt~ount of ~ach and every wch payment sMlf bea~ interest hom the d~te thereof until paid ~1 tht
rate of nine per centum par amwm; and all said cbtts, charges and expenses incurrsd or psid, toyether with such int~rtst, shal) b~ a~tured by tM lien of tFw
mortpape.
0. Th~t js) in tM avent of ~ny breach of this Mortysp~ or default on Nr pa?t of the MORTGAGOR, or (b) in ths eveM ~ny of sa~d svms of mon~y
haein r~ferred to be not promptly and fully p~id within thirty (30) days next afte? the same sevcrally become d~?a and payabtt, without demand o~ notice,
or W in the eveelt each and every the itipulatiorq, agreemenq, conditions ar:~l coveMnq of sa~d promiuory eote and th~s mortp~pe ~ny or ei~her are no1
~uly, p?ompdy and fully performed, dixharged, execvted, effected, completed, complied with and abided Sy, then in- eitlKr w ~ny such ewnt tM said ag
pre~f~ wm mtntionad in said promiuory note then rem~ining ~npaid, with inrerest acuued, and a!! moneys secured he?sby, shsll become dw and pay-
sble forthwitly .1f tIflfNflN. at the option ot said 1NORTGAGEE, as f~lly and comple~ety as If all of the said wma of mon~y were origir?~Ity stipul~ted
to be psid oe+ s~ch d~y, a~ything ?n said promissory note or in this Nlw~gage to the contnry notwithstanding; and thereupon w theresfter at th~ optan of
said JVIORiGAGff. without notics a demsnd, wir ~t law a in eqvity, therefore or tlxreaher begun, may be p?osecuted as if all o~oeeys secvnd her~by
had m~twed prior to in institution.
7. 1Mt in tM event that at the beginnirg of o~ at aoy time pend;ng aay su~t upon this Mertgage, or to fweclose h, or to nform it, or to enforc~
payment of ~ny daimt herevnder, said MORTGAGEE shsll ipply to the Court having jurisdiction thereof for the appo~ntment of a Receiver, such Court sh~ll
fwtFiwith appoint a receive? of said mortgaged property all and singular, includ~ng all and singutar the lncoms, profits, iswa and reven~es from whatever
wwce de?ived. ~ach ~nd every of which, it being expressty understood, is hcreby morrgsged as if specifically sef fwfh and desvibed 1n ths Qnnf;ny and
Mbendum clauses hereof, and such Receiver sh~ll have al~ the broad and efftctive funct~ons and powers in snywise et~truited by ~ Cov~t M a Receivq, and
such sppoinrmeM shall be made by wch Court as an admitted equity ar+d a matter of absolute right to said MORiGAGEE. ~nd without ~eference to ths E
adequ+cy or inadeqwq of the value of the prbperty mortgaged or to the sonrency or insolvency of said MORTGAGOR a the defendann, ~nd that such ~
r~~. profin, incame, ~ss~es and revenues shall be spplied by such Receiver accord~np to the lim w equity of said MORTGAGEE and the pract;ce of such '
8. To dvly, promprly and fvlly perform, discharge, execute, effect, corr,plNe, comply w;th snd abide by esch and evcry the stipulations, agreements,
conditiom and covenants in sa~d promissory note and this mortgsge set forth.
9. That in the event the owncrship of the mortgaged prem;ses, a any part iFKreof, becomes vested in a person other than the MORTGAGOR, the
MORTGAGEE,,in successon and suigns, may, wifhout rqtice to the A10RTGAOR, deal with such sutcessor p succeasw in enferesf with refe?ence to this
matg~ge and the debt hercby setured in the ssme manner as with Matgagw without in any wsy vitiati~g w discharging the Mortgagors' li~bility hero-
under a upon the debt hereby secured. No iale of the premises hcreby mortgaged and no forbeara~ce on the pan of the MORTGAGEE u its successors
or auignt and no extension of the r;me for the paymeM of the debt hareby sccured given by the MORTGt ~EE or its successoa o~ assipns, shall operate
ro release, discharps, modify change w affect the original liab~Gty of the 1NORTGAGOR lxrein, either in whoie or in P,~r, t
10. It is specifically agreed tMt time ia of the essente of this contract and that no wsiver of any oblgatwn hereunder or of the o6ligation se-
a.red hertby sha11 at any time thereafier be held to be s waiver of the te~ms F~ereof w of the instrumem sec~red Fkvby.
ll. In addition to the fwego:ng morohly paymeros of princ:pDl and interes~ reqoired by the promissory note secured hereby, mortgsgor covenants a
snd sgrees to pay to mortgagee with each monthfy payment an add~riona~ s~m esrimated by mortgagee to be equal to 1/12 of the ann~al cost of the follow-
ing: _
A-All rea! property taxes levied or assessed aga;nst the above deuribed real estate.
B-Premiums on fire and windstwm insurance as hercin requ~red to be carried on the improvements situate on the above described premises,
C-Premiums o~ suth mortgage gwrsnty insurar~ce as mortgagee shall from time to time dcem fit to csrry on the losn setured hereby.
Matgagee shall from time to time notify mortgagor in writing of the amounf due and psyable hereunder and such sum shall therevpon be due and
paya~le on the due date of the next monthly payment and each successive month thereafter until mortgagee shall notify mortgagor of a change in such
amount. Such sums shall be applied by mwtgagee toward the payment of real property taxes, insurance prem;ums, and matgage gwra~ty insur~nce
premiums.
IN WITNESS WHEREOF. the said MORTGAGOR has hereunto ut his hsnd ~nd ual the day a year first or
igned, Se d and d i red i the prese~ce of: ' ~ ~
: ,
FtlEO ANO RECORDEO~ •
ST. LUCiE COUNTY, FLA. .q
~~:.C{?~:= V=R!?;rf~ ~
- -~6~-~wi ~ ~
'68 MAY 10 PN 3:35 ~ n
n
F~UG~Fi ? OITRA as Trustees o A. easare r i~ive
sTnre oF ~oRioa ~LERK C1RCUlT COURT. Baptist Church
counrnr dF St. Lucie
CarsF~~e11 Elisha Staton, C. .W. Desrden ~~la l+bnroe
seto.e ~ a.so~uy ,~.ne Rev. S. P. iCil atrick ~alvin Johnson, Bsria Hayes, James /
"itchell ;-icCarty~ as Txustees o}it. P easant primitive s "'d
~ fa, ro me we~~rw~n ,r~d known to m. ro t»
the indn~dwls descri6sd - Ri it~d who ~xac~ted tM fwepoirg instrument, and ~ckrwMrledyed befor~ me that they executed the s+rne fw th~ pwposes
N~erein" expresied. Arwa•N~~•wi~1
~u1fe~ d~Hs-wM ~~~~~~+n
skb~ItA1~?ferr b~y~nle"faRe~r ~ep~rat~ ~e+d~pMtlioe~f.s~i~-f~wia~i,~sed ~o- w~i i~f~ ar~ Nw?-al~ ~swrt~i ~~iilws~wwws~l.i
~ail~-~nd~w~i~ss?'~i7"'~P~~'~wwtwwb ~pp~eMw~ip~~~ ~i•«~w~~~~ii IK~~d. +r+~Y~and.+r~lwr
WITNESS my Mnd and official scsl t'_T/~ ~y A. D. 19 68 ,
~Y~, Notsry Publie and fw tM at~ of fbrida at ~ f
Retum To: _ . ~ j . i _ • i MY ~xpiras: ~ , f
~ ! f 7 ~
Fnt Federal Savings 6 LQ+n /~sociatan , ~
Of fort Pierce. ~ ~ ~J ~ Notary Publ~ic. SU1e Of FlOfidi it
Fort Pierce. Floiida I~ • Q~ •q~~ l~Ay COWmiS11011yElcp~es ~uq. 6. ~9~1 3
- • • O ~ , - !«~~tYe~wfi~~Sea~ta _ ;
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This instrument prepared by ~
Frst Federal Sav. & loan Assn.
01 F r# Pierce ~o~K~71 P~24~7
- ti~s .c. . _ _ _ - - ~
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