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To pl~c~ and cominuo~~ly k~ep on tM buildirgs now w h~roaftN sitw» on iaid IW+d ~nd on ~II equipme~t ~nd p~non~lly covned by thi~ n~onp~
p~, with ~II pr~miwri tMrcon paid in f~ll. fire insur~nc~ in tM utuai s~and~rd po?icy fo~m, ~r? a sv.n appowd by tM MORiGAGEE. ~r?d windstwee
inewanct In tht ~sva! slu~dard policy fam, in a wm approved by tM MORTGAGEE, in wch canpa~y or compani~s a ti~ MORTGAGEE may
d'u~ctt a~d sll tU~ N+d windstorm insurana policiy on ~ny of said buildinps. any interesl tt+Ktin or part 1Mr~of, ~I{ tIN i~~l9~t~ Wft1 ~fpf3~Id W
In ~xces~ tl+~reof, shall contain tM vswl standud rreortpaQN d~us~ w such other cl~us~ a tM Mo.tyspe~ maY nqu'a~. m~klnp tM loss unde~ aid pol}
cla, Nch uid ~vtry, p~yable to said MORTGAGEE as its i~terost may appNr, ae+d exh ~nd ~very tvch policy shall b~ promptly us:qn~d snd delivKed ~o
any Mld by s~id MORTGAGEE ~s funMr seairity ro iaid monp+~ d~bt, ~nd, ra~ kss ~han t~n (1W days in ~dvanc~ of th~ ~zpirdion of ~ach policy, to dr
IivM ~o s+,id MORTGAGEE a ~sntw~l thenof, topHtwr with a reteipt fa tM pnrr+iun+ of s~ch rerwwal; and then shall b~ no fu~ w windstorm inswu~t~
pt~o~d on ~ny of ~id buildinps. ~ny interesf tMr~in or pu1 tMnof, ~nless in tFK forni ~nd With tIN IOfs p~y~bfM q~EOtft~Wt fM ~vMf l/fy sw+? `
of mor~y baccrew~ payabl~ vr~de~ wch polky a polici~s ~aid MORTGAGEE shall F~aw th~ optian ro reosiw and ~pply tFn ~+me on account o~ th~ ind~bt~ ~
n~fs sKVr~d hsr~by a b p~tmit s+icl MORTGAGORS Io ~Keive ~nd ~s~ it o~ any put thertof iw other pu~po3es, wilhout thereb~ waivi~y a impair-
iny ~nY pvitp. IiM or riqht w+dc: ^~^~~~+e.: W+d in tM ~ve~t taid MORTGAGORS shall for any rtason fail M keep tM s+id premiaes so
insured, a f~i) b dtlivK promptly any of ~aid polities of inswsncs to s~id MORTCsAGEE. w fail promptly to pay fully ~ny premium therefa o~ ln anr
nsp~ct fsil b p~+foen~, d'achuge. ~x~cute, ~ffecl, compl~t~, comply with and abid~ by tfus covcn~n~, or any part hereof, said MORTGAGEE m~y plan and
paY fw wch imwanc~ a sny pa» tl~eof witlq~t w+lvinp or ~ff~ctinp any optio~n, li~n, pvity. w ripht vndN oi
by virtw of this Morlp~pe. ae~d ths
full ~movnt of e+ch ~nd w~ry uxh payrnent sMll b~ imn~dia»ly dw ~od p~y~bl~ ~+d sMll beu intKe~~ from tM dat~ tMrsof until paid M tM nt~ v
~~r» p~. can~wn p~r u~,m and roge~her with wcA inraest :haN be secund by th~ lien of this morf~+pe.
To p~enntt, oommtt o? suffsr ra wast~, ke~paument w deteriw~tion of said propKty w any pirt therwf.
S. To p~Y s!! and sir~Qulu tha aaat~, cF?ar~s a~d expenset, incl~rdiny a rcasonabk at~w~ey'! iee snd cosn of ~bsn~cta of titl~. incurred a psid st
•ny tim~ by ~aid MORTGAGEE, becsvs~ a in the ~wnt of the faElvro on the part of th~ said MORTGAGOR to duly, p?omptly ~nd fvUy per(orm, disch~rg~,
execvt~. ~ff~d, compl~t~, comply wirh ~nd ~btde by ~ach and every the s~~pulauons, sg.eemenn, conditiorra; and aovenants of said promiswry not~ and thh
mor~y+p~ any w ~i~ha. aod aaid cosn, cMrqes and expen~et. ~ach ~nd ~w~y. sMll b~ immediately due and pay~blej whethcr a not there b~ notice dr
mu~d. stt~+npt to colktl w wit pMd~np: and tM fvll ~~t of each and every wth payment shall bea. interest from the dat~ thereof uMil p~id af the
raic of r?ine pN ccntum per amivm; ~~d all said cLstti charges and expensts incvrred w paid, topether w~~h such internt, shall b~ ~ecured by tM lia? of thw
mort~+~• .
A itwt j~ in the event of a~y breach of tha Mortysg~ or def~ult on tM paA of the MORTGAGOR, w(b) i~ the event any of said ~ums of monsy
hercin refer~~d ro be not prornptly and fvlly paid within thiny (30) daya next afte~ the same uve~aly become dsn u+d payabl~, witho~t dema~d o~ ~otice.
or (c~ in tFw ~vent each and ~very tM stipulafions, ~g?eernenb, conditia+s and coven~nts of sa~d promissory note and th:s monaape any a eithar ar~ ool
iuly, prompNY snd futly performed, d~xhar~ed, execvted, efFected, completed, compl~ed with and abided by, then in either a u+y :uch ~vent tM said ap~
pre~,~t~ wen m~ntwrNd in s~id promiswry note then remaining unpaid, with inte~est accrued, u+d a~l moneys ssc~red haebY. iMll becom~ dw and p~y~
able forthwirh, or thereafta, st 1he option of said INORTGAGEE, ai fvlly ar?d compt~tely ~i it all of the said svms of mon~y were aiperwlly sripubted
ro be paid on suth day. anylhiny in ssid promissory nore w in tnis ;:w::y.y-;, !!r tontrsry notwithst~nding; snd thereupon w thcresfter ~t tM option of
said MORTGAGEE, without notite or demsnd, wit ~t I~w ot in equity, therefwe w thereafttr begun. may be proset~ted as if all morrcys secur~d hereby
had matured prior to its ir?stitution.
7. TMr in the event rhaf af the be9inn~rg of or st sny fims pend'eng soy wit upon this Mortgaye, w to faeclose it, w to refo.m ib w to enforq
payment of ~ny claims hcveunder, said MpRTGAGEE shall apply to the Court having jurisdlctan thereof for the appantment of a Receiver, :uch Coun shall
Fwtliwith appoint s receiver of said mortgaged property alt and sing~tu, includ~ng a!! arrd sinqular the income, profib, issues ~nd revenues from whstevc~
sourp derived, each and every oi whKh, it being expressly undcrstood, is hereby mo.Tgaged u if specifically sel fath ~nd desvibed i~ the prantiry and
habendum clauses hereof, snd suth Receiver ah~Il h~ve sU the boad and effective functions and powen i~ anywise entrusted by a Courf to a Reteiver, and
•uch appointment sha!! be made by such Co~rf u sn sdmitted equiry and s ma~ter of absolute right ro seid NWRTGAGEE, and without refere~ce to ths t
sdequacy w inadequ~cy of the valve of the properry mongaged or to the so~ve~cy or inwlvencjt •of said NIORTGAGOR a tht defendanq, ~~d that such (
ren~s, profi», income, iuues and revenves shaii b~ applied by such Receiver accord~ny to the tien a equity of said MORTGAGEE and the practice of such ~
r
8. To duly. promptly and fvlly perform. dixharge. execute. effecf, complete, comply with and sbide. by each and every tl~e stipulations, agreements,
conditwm ~rd coven~nrs in said promissory eott and tha mortgage set fwth.
9. TMt in the event the owncrship of the mortgaged premises, or any psrt tl+ereof„ bec,omes vested in a penon othn than the MORiGAGOR, tM
MORTGACsEE, in wcussors and aupns, msy, wi~hout notice so fhe MORTGAOR, deal with such wccessw or svaessor in interest with reicrence to this
mort9~ ~nd the debt hereby secwed in the same manner as with Mortgsgor without in .a~y w~y vitiating w distharging the Moregagws' liability here
under a vpon the deb~ hereby secured. No sale of the prem~xs hereby mortgaged and no fabear~nos on tht pari of the MORTGAGEE or ib successon
w~uigiu sr+d no extension of the time for tM payment of the debt hereby secured givm by the MORTGAGEE or ih sucoesson a aui9ns, sMll operaN
ro rdease, dixh+rye, modify cAange or ~ffect the origirul liabtliry of the MORTGAGOR herein, either in whole or M put.
10. It is spec~fica!!y agreed rha? rime ;s of the essence of thn contract and that no waiver of any obligaYron h~reirnder o~ •of the oblg~tion se- ;
a;red hereby shall at any time thereafter be held to be ~ waiver of the terms hereof or of the instrument secured herby, i
n add~tion ro the forego:ng monthly payments of princ'pDl and i~terest required by the promissory note secured hereby, mortgagor ~o
ertd ~qrees to mortgagee with each monthly payment art tddir'ronal sum estimated by mortgagee to be equal to 1/12 of the an~ual cosf o ollow•
ing:
A-All real propcrty taxes kvied or asses ' t the above described real estate. ~
B-Premiurtq a? fire and windstorm insu~a~ce as herein requ~ tarried on tFx i a uate on the above described promises.
G-Prem~ums o~ such mortgaqe gwranry insurarce as rom fit to carry on the loan secured hereby. ~
Mortgagee shsll from time t mortqagor in wr;ting of the amouM due and psyable hereu m shall thcreupoo Eie d~e end
payabb oe th~ t e next ntonthly psyment and each suc~essive month there~fter until mortgagee siw11 notify mo?tgs ha • in wch
a sums shal) be appfied by morigagee fo~rva~d the payment of real property ta:es, inwrarxe premEums, snd mortgage gwranty ~ nea
iums. -
I WITNESS W ~ the said MORTGAGOR hss hereunto tet his hand and seal the day and year first ~forssaid. ~ ~
ed ~71 tht pres~nce oF: ~ ~
.
, ry
. ~
i ~-n
sTAre of ~ortia~ ~ .
cour,n c~ St. Lucie
e.b.. m. ~~uY Jaaes C. DeFonzo, a sinale adult,
.~d
Iwrwifir, to me well known ind known to me lo b~
ths Individwl~ dacribsd in a~ who ~aecuted tM fore9oiny instrurnent, and ackrwwledged befor~ me that~he~ ~:ecuted tF~ ~ame fw tF+e purposes
ther~in ~essed. M~li~~.:i=-
~ii~~ N~wld +P~w~.s~{w~+1r ~wi~i~w
~~~+l~~~~rw.~wd.aMr? ir~w iswie~lw~bw# wd~wwl~dl~"'» ~~aw~erMinwiiw~l~nw~w? irwiy.~w~ ~olu?
~wily~•~w~ ~ri~~M.~r ~ipw~MRiy~M;~f~w ~FN.frvw~Mrwiii~w~aw~
WITNESS my h~nd ~nd official ~eal thi~ f re w day of ~ A. C. 19 68 ~
Notary Pu in ~nd (w tM State of Fbrida ~t lu~e
RsNm `fa MY Comm ion ~xpires: 6~ / 9 7~
Firn hderal Sivitgs i Loan /lssotiat~on • ' • - " _ " : i
Of fort p~erce. t~.A~i~~ ~ ~{0l~ry ~11~1[. ~ 0~ F~Of1di !t Vf~ , '
Fwt Pierce. Flor:da • 1 t~ 6. ~n
, ~i:~ • •,i ~ ~O~iSflO~~~wEf
. ' W.ad b Aarka~ Fw i Cw~ir ~!1
~ ~ ` FILEO AND RECORDED~ ~
= ST. L,UCtE COUNTY. RLA. '
This instrum . } ° ~ = . RF C ~ ~ . ~
ent prepared by ~ ti-?fri-_ 0
First ~
- ~ " ` ~ ~ ~ 16~'2`~,~i
deral Sav. b lcan Assn. Q
Of Fort ~ -
ce . • _ '68
~ ,
. ~ ~ l ID : ~
. . .
~ 0 R 171 rto~e~ ;•orT~~s
f ~~x _ CLERK CIRCUtT COURT
. ~ ~ , . . ' _ _ ~/J`
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