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3. To plan u~d cauinuousty ke~p on tM buildinps now a M?NAN ~tua~~ on saki tand and on ~11 putP+n~et and p~.so~+~lly covK~d by thb morp~
p~, with ~il pnmiwn~ thenon p+~d L+ full. fin i~+sur~nc~ u+ tF~ v~ual sandard policy iwm, r+ a sum approwd bY tM MORTGAGEE, ~nd wie~tain
Gqur~na tn th~ u~wl uand~rd policlr fam, In • wm ~pprov~d by tM MORTGAGEE; in wch canp~nY w ca"M^'K +s ~~TW1~3EE may
dinctt and ~II firt ~nd w'u~dswrm inwru+a polkia on ~ny of said buildieps. ~ny MtKyt tMnin o~ put tl+e~wf, in tM ~pprpat~ awn ~fora~id a
In u~pa Nx~~of, ~II canbio tM uwal s~~edud maty~ clws~ a such ot1+K clws~ u tM Matp+pa~ n++Y rpu'u~. m+kGq tM loas vndK s+id po~4
ciw„ ~sd~ and ~vKy. WY+ble w~aid MORTGAGEE ~s ib i~terest may ~ppa~. .nd .ach s~d .wry avch pouey ,hal~ b~ pr«~ty .ss:y~.d a~d d~~v...d ro
~ny MId by s~id MORTGAGEE u funhK acwity ~o wid mwlpay~ dtbt. +nd. ~ot Itu tMn ten l10) d+yt tn ~dv+na of tM ~xpUation of ~ach polky. to dM
liva to uid MORTGAGEE s ~~wal thH~of, ~opNFwr with + nc~ipt fw tAs pr~niun+ of wch r~w~lp u~d tMr~ ~h+tl b~ no t'r~ o? windstam iruwana
plaad on M+~r of wid bvildk~pa, ~ny h+tast 1M?ein a put thtrwf, unl~u ie tM forn+' and with th~ loss p~y~bh a ~fons+id~ ~nd in tF~e ~wnt aey swn
~::an~y bacoma p~YabN und~r wch poticy o~ Polici~s s+id MORTGAGEE sh+ll Iww Mn option ro nosiw and spply th~ swn~ on acoa+nt o1 tM ind~bt~
nq~ s~cw~d hK~by a 1o pKmit s+id MORTGAGORS w reuiw and us~ it or sny put thereof fw othe? purpoies, wilhout thsreb/ waiviny w imp~ia
inp +^r ~4uitY. ~ia~ a~ipht w~der or by vtrtu~ of this mortp+0~~ and in t1M ~vent taid MORTGAGORS sl+all for ~~y n+~on fsil M keep tM s~id pr~mises w
imw~d, or fdl to deliva promptiy ~ny of s+id polici~s of inwnnu ro aid MORTGAGEE, or faif prompty to p~y fully ~ny pranium tMr~for o~ M ~ny
nsp~ct fatl b p~rfanp diuh+r~. ~xecvt~. ~ff~ct. canpt~te, aomplY with and abide by this oovMant, a ~ny put hK~of, s+id MORTGAGEE m+y pl~u and
p~Y for such &avnnc~ a any part t1+Kwf withoul w~Ninp a+ff~ctinp ~~ry? option, Ikn, pv~ty. a ripht undN a by virtw of this Mortp~. a~?d tM
full ~mow+t of ~ad~ a~d ~wry wch WYrn~nt sh+ll b~ i~^^'~d'at~y dut +~d Wyabb and ~II b~a? intKest fran tM dd~ th~nof vntil paid M tM rat~ ol
nin~ p~t pntum pu annum u~d toyNhe~ with wcA it~ter~st th~ll b~ s~cwed by th~ ~iu; of ihis ~+p~.
I. To pKmN, aanrnit ot wffa no wast~. imp~imwnt a dNerioration of ~aid propKty ar ~ny paA fher~of.
S. To p~y dl and slnyula~ tAe.coab, ch+~es ud ~xpN?se~, includirg • reason~bh ~ttorney's fe~ snd own of absmcts of titl~, incua~d a paid at
any tie~ne by s+id MORTGAGEE, Mcavs~ or in ths ~wnt of th~ f~ilure on the p+?t of th~ s~id 1NORTGAGOR fo duly, promptl~r and fuly perfwm, d~sch+ry~
execvt~, tff~d. aompkt~ canply with and abid~ by ~ach ud evary tha stiFwiat~a+s. +preements. conditioro, and wwnsnn of sak! promissory not~ and this
^w??9+p~ +nY o~ ei~hu. and ~a~d costs. chuqes snd ~xpNres, each and ~wry, sMll be imrnedi~tely due ~nd payabltt whefMr or not tM~~ be notid dr
mand,, ~nempt ro colkct w svN p~ndirg; and tM fuil ~mow+t of exh and ~wry wch p~ymeM ah~ll ba~. intafest from tM dat~ tl+e+eof vntil paid at the
rate of nieK pe~ antum per ~mwrn: and ~II said cd:n, char~es and exp~nus incurred or paid, top~tMr with wch iatenst, ~h+ll b~ s~cwed by th~ li~n of tiuw
marty+~.
6. Th~t tn tM event of any bnach of this Mar~ap~ or detault on tl?~ p~rt of tM MQRTGAGOR, or (b) in tM ~vent a+y of s~id ~wm of mon~y
herein r~htr~d to be not prompt~y and fvlly paid within thi~ty (30) days next afte? the same severally become dw +nd payable. withovt d~mand a notke,
a W in th~ evertt esch a~d way the st~pulstans, ~gnemeMS, co~ditions +nd cove^+n» of s~~d promiswry nole and th7s matpape any a either ar~ nol
~uh. pwmptly u~d fully performed, diicharpctl~axecuted, ~ffected, completed, complied with ~nd abided -by, then in either or any such ~wm th~ ssid ap~
prasah sum mentaned in siid promisso~y rat~ then remaining unpaid, with imerest ~cautd, and all moneys setvred hereby. ~11 betom~ dut +nd pap
abk forthwith, or thereafter, at tM oprion of said MORTGAGEE, ss fuly a~d compktely as if all of the said sums of ma+ey wero w~yinally stipulated
to be paid on svch day, anythinp in said promissory note or in thia Mortysge to the contr~ry notwitMtandinp; and thereupon w thcreaher af tM optan of
said MORTGAGEE, withow notios or demsnd, wit at lawr or in equity, therefwe or thereafter begun, maY be prosecuted u if all naners sacvr~d Mreby
had matured priot M ib InsfituYqn. -
7. ihat in tM went that ~t the beginning of or ~t any time pending ~oy wit upon this Mwtgage, a to foreclose B, w to refwm it, o? fo enforc~
paymero of any d~ims hereunder, ~aid MORTGAGEE shsll ~pply ~o rhe Ca:n haviny rvr~sd~cr~on ~he~eof f« ~he +ppo~n?menr of • R«eiver, wcl~ Couh shall
iortliwith appoi~t a receiv~r of said mwt9aged property a0 ~nd sugvlar. includ~ng all and sirgular the income, profits, issues and revenucs from what~ver
wwc~ dsrived. ~sd+ and every of which, if beirg expreuty und~r:rood. is heraby mortgaged u if specifiully set fwth and dewibed in the yraroing and
!ube~dwn davses hereof, u~d :uch Receiver shall Mve ~11 the b~osd and effective functions snd powers in ~nywise entrusted by ~ Cov~t to a Receiva. u+d
•uch ~ppointment sh~ll be msde by wch Co~rt u an ~dmitted eq~iry ~~d a rn~tter of absolute right to wid MORTGAGEE, ~nd without reference ro the
•deq~~cy w in~deqwcy of the wlw of the prbperry mortgayed or to the soivancy o? inwlvcncy of said MORTGAGOR a the defendants, and that wch
rer,ts, profits, income, iss~es ~nd revenues shsll be applied by sud+ Receiver auordinp to the lien or pvity of ssid MORTGACaEE and the practioe of such
Court.
S. To duly. promptly snd f~lly perform, discharge, execute, effect, complete, comply wi~h and ~bide by sach and every ths stipulatio~s„ ~preemen».
condiYqns and covensnn in said promissory noro and this mortgsge set forth.
9. ?Mt in the evem the ownenhip of the mwtgayed promises, w any pait thereof.. beoanes vested in • p~non other th~n the MORTGAGOR, fht
MORTGAGEE, i+a wccessors +nd ~uiyns, may, without notice to the MORTGAOR, deal with s~h su~+tetsa w wccessor in iMerest' ~rith referente ro thN
mort~ape and tl+e debt hereby secured in the same manner u with Mortgsgor witFaut in sny w~~ vTtiatinp or d~schsrgirg the Mo?t~agors' liability hero-
under w upon the debt heraby secured. No sale of the premises he~eby mwtgsged and no fwbayrance on tM pah of the MORTGAGEE o? in successon
w auigro and ra extension of the time fw the paymem of the aebt hereby secured 9iven by the MORTGAGEE or in successas w assi9rn, sh~ll operat~
ro rNease, disch+r~e, modify change w affect the wiginel liab~l~ty of the MORTGAGOR here'u~, either in whole or in psrt.
10. It b spec~fically agreed tMst time is of the esunce of this contract and that no wsiver of any obligation herevnder w of 1M obligatan st
Ctifld ifOflby SIMII it afly flflb fI1lfNfiN bR F1lW f0 b! ~ waivcr of the terms hcreof w of ths instrume~t secvred herby.
11. In sddition to the fwego:ng monthly payments of princ:pDl and interest required by the promissory note secured hereby, mortgagor toven~nts
ar+d aprees to pay to mortpagee with each monthly payment an ~dditional wm estimated by mortysgee to be equal to 1/12 of Yne annual cost of the follow-
irx3:
A-All real property tsxes kvied or assessed against the above described resl estste. _
6-Premiums on fire snd windstwm insurance as herein reqv~red to be urried on the improvements situate on the above desuibed premises.
C-Premiums on such mortgage gwr~nty inswar~ce as mortgagee shall 4rom time to time deem fit to csrcy on the losn secured hereby.
Nlortgagee shall from time to time noGfy mwtgsgor in w.iting of the smount due ~nd payable herwnder ~~d wch wm shall ~here~pon be due and
' payabk on the due date of tlu next monthly payment and each successive month theresfter until mortgagee :hall notify mortgagor of s change in such
G amount. Such sums shall be spplied by mortgagee toward the payment of real propcrty taxes, insurance prem:ums, and mostgsye guarsnty insurance
( premiwns.
~ IN WITNESS REOF, e said RTGAGOR h~s hereunto set his hsnd a~d Ksl the day sr fi t aforasa'
S~a I re resente of:
~
~ '
~
~ -
, cs~.n
~sa.n
~ STATE Of FLORIDA 1 .
~ St. Lucie ~ _
6~for~ m~ personslly appesrcd Runert K. Buehanan, Jr. e~a
Lillian P_ Buehanan hp wife, to me well known ~nd known to me to b~
the individuab described io and who executed the foreyoirg instrvment, and acknowledped before me that tF~ey ~xecuted the ssme fw the pwposas
therein ezpreued. Ma Lillian P_ Buehan~n
wife or ~h. .+d Rupart K. Buchanan. Jr. ~ „POr, ,,,d a~.M
exeminsYan bp me taken sepinte and apart from her said husband, ~duwvvkdped to and beforo rr~e thaf she exes~rted said imtrument freely and volur~
ra~ily and without ar4Y compu4ion, constraint, ~ppre~l
jn;si~or feu of or from her wid husband .
WITNESS my hand snd official seal thi: w d~y of D. ,9 b8
~
~
~ Notsry Pub io • or the Stat of Flwida ~t larp~
Return fa F1LED ANO RECORdF?~
~ My e~~"" lO` 7(
Rnr F~d~ra~ s~r~: a~wn wuoc~at~o~ S~, LVC1E COUNTY.
Of Fort Prcrce. RFCO(Z~~~F~~ NOTApr ~YBUC, =TATE OF FLORIDA AT LAR6E
Fort Pierce, Florida TMRO
~ 0 MY COMMISSION EXPIRES iVOV. 26, 1971
. ~H rRED lll. DIEfYiLHORs
~ ent repareA 1~! '68 JUN ~ ~ 10 ~ 5 0 . , ~ _ . .
~
This inst
a
Sav. & loan Assq. ~f • - ~ ; ; ~
_ FirstEede~f Fort Pierce ii,,: ~ of"RQ - : . .
i ~
CLERK~CIRCUIT COURT ~ {
D. Che~ - ri , ~ r, ~
By ~ ~ ~ . . . _
_
BOOK 1~~ PACE ~19 - ` _
~
~ ' F~~* '
{ rb
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