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To plaa and contkwo~sly kNp on th~ buildinps now a Mr~~ha un,.a on saW laod ~nd on ~11 p„~nt and pu~a+aly cov«~d bt? N~ ~«q~
q~, with ali praniu~A ~M?wn p+id in fvil, fIn tntv~uic~ in tFr vswl sundard poticy fwm. ~n ~ swn approved by tM MORTGAGEE. ~od wie~torm
t~xana In tM ~wal ~taoda.d polky tam, in • swn ~pprov~d by tM MORTGAGEE, in wch camW^y a ro^~W^ia ~~~TGIIGEE may
dL~crt ~nd dl fin ~nd w'u~dstom+ inswaea polki~s on ~M? of Nld bviWinpi„ My inMrNt tM+fin M puf fhM~Of, in th~ ~pq~s9+~~ wm ifo~e~aid a~
in ~xcHS ~herwf, shall contain tM wwl ata+dud mwty+~ davs~ w such aF~ daus~ ~s t!» Mortypk m~y nqu'w. m~idnp tM loss w+d~+ a~id polE
ci~s, ~ad~ and wM?. WY+bN b ~RTCsAGEE a~ its intereat may ~pppr. aed ~ach and ~wry wch policy shall b~ promptly ~u:yn~d u~d dNivK~d b
~ny MW by wW MORTGAGEE a iwtlwt s~arity to wid mon~+p~ dsbt. +nd. not Itss th~n tM p0) days in advaao~ of tl» ~~iration of ~+ch policy. to dr
liva ro s+id MORTGAGEE • r~xwsl tFwnof, topNMr with ~ receipt for tM pnn?kun of wd~ r~wslt and thsn aMll b~ no ~'w w wi~tam i~?wr~
pl~ad on a~ryr o1 Nid bVlldiflpf, M1y iniffqt 1Mrfifl O~ pi?t tIfH~Of, wdas fn th~ fa~n'and with th~ loa p+ysbl~ as ~for~said: +~+d M tF~e ~wnt any wen
of mon~y b~ooen~~ WY+bI~ w+d~r weh polkl? e? Polid~s said MORTGAGEE sMl) hiw tM option to na+w ~nd ~pply tM saen~ on ~eeow~t o~ tM ir~btsd~
nas s~cvnd Mreby a b parmit said MORTGAGORS ro nqiw and ~ it a a~y pa?t tF?~reof fw othe~ purposes. without tharebi waivinp a impala
tnp ~ny puiry, li.n w rphr w+der or by vihw of r1?i~ morrpa~.: «+d fn ~h..ve~r w~d NWRTGI?GORS sh+ll fw ~ny ?.asa+ f•il ro keep rh• ad pr.mius •o
inavnd, a f~i) b d~livK praeptly +e~y of said policies of i~swsnu to a~d MORTCs/?GEE, or f~il pranptly to paY fvlly any premium ther~for a in uiy
r~sp~ct fail b pKMrn~, diuhary~. ~a~cvN. ~fhct. oanPl~M. comply with ~nd ~bid~ by thi~ covsnan4 a sny psrt hNeof, ssid MORTGAGEE m~y plau ~nd
pay for wch Gawanw a any put tMreof witla~t waNinp w ~ihctinp u?r optioA, ti~n, puity. or ripht undN a by virtw of this Matpap~. a~?d the
fuu amo„m of each .nd .wry wd~ arn»n~ ~h+11 b. im~n.d~»ly du• •nd p.rabl. +nd si++11 bea ~n»r.s~ from ~h. d.t• ~hsnof vntil p~id at tM ran o1
nir?~ pM anwm pa ~nrwm +nd to~ether with wcA int~rat ~11 M secund by th~ IiM of th(s ~tp+p~.
1. To pKmtt, aommit or wffK no wat~. ianp~irment a detaiwation of a+id properry or ury put tix~~of.
S. to pay ~11 x?d ~lnpular th~.oosts, clwy~s a?d ~xpenies, includiep ~ reasor?~bk .:tw~ey's fe~ ud aosts of abshscts of title, incvmd or p+id ~t
any tim~ by ~+id MORTGAGEE. Mcsus~ or in tF?~ evMt of tM failuro on tM part of tM ~d MORTGAGOR to duly. promp~h? a~d fully perform, d~xh+rg~
~xecul~, ~ffsct. oomplst~, aomply with and +bid~ by ~sd+ and every tM sY~puletioes, preements, cadit~oia ~nd oownantt said promi:sory noM snd this
morty+~ +nY or eitlwr, and ~a~d oosts. charQ~s ar+d ~xperoes. ~sch ~nd ~w~y. slwll b~ imen~diately dw ad payabl~= whetl+e~ a not tMr~ b~ eot~cs dr
,nard, ~mmpt to oollect ar wit p«?dinyt and tM fvll ~rnovnt of tach and wery wd~ WYm~nt shsll b~sr intan~t fran th~ dat~ ther~of until paid at the
ra?e of nine per centum ps? annum; a~d a~tl said ebsts, d~ar9es and expe~xs:incwred w psid, top~tha with wch intH~st, shall b~ wcwed by tM I~en of tlw
mortWp~• '
~
6, TMt j~ in the ewnt of any lxead~ of this Mony+p~ or dafault on tlr paN of the MORTGAGOR, or (b) in tM ~v~nt ~ny of wid sums of moMy i
h~rein nf~rr~d ro bs nW prpmpHy snd fully p~id within thi?ty (30) days next ~ftcr tM sxne sevaally bctane dw ~nd p~yabl~. without d~m+nd w notics. '
or W in tM ~wr1t each and ewry the stipulatioes, ~reemeo», tonditiau aed coven+nts of s~id promissory note ~nd this mwt~ape any or ~itl+er u~ nol
iuly, p~omptly and fully performed, discharped, execvted. ~ffected, compl~ted. canplied with and ~bided by, tt+en in eitl~ or any such went t3N said ~
pre~tt~ wm mentia»d in s~id ptomuaory note tMn remaininp unpaid, with intertst acuued, and alt moneys ~ecured hereby. sFwll becorne dw ~nd pay-
able fonhwith, a thsresftar, at tha option of said MORTGAGEE, u fully ~nd compl~tely ~s if all oi the ssid wms of maxy were ai~in~lly ttipulated
ro be paid on wth day, anythinp in said promissory note or in tha Mort~aye to the contrary ~otwithstaadinp; snd thcreupon w thereafta ~t tM option of
said MORTGAGEE, without notice or demand, wit ~t laa w in p~ity, therdon or theraafter begun, may be prasecuted u if all nwn~ys sewr~d henby
had marorsd prior fo iri institvtion. , . -
7. That in tM ~vent tMt at the be9i~ning of w ~t u~y time pendi~g ~oy wit ~pon this Mortgage, or ro foreclose k, or to nform it, o? to enforc~
payment of any cls'uro hereunder. said MORTGAGEE sh~ll apply ro the CouA hsvirg jurisdiction thereoi iw the ~ppantment of s Receiver. such Court shall
Fortlivvith ~ppoint s reoeiver of said morty~ged ptope~ty ~11 snd s'ugulu. tnclud~ng slt and sir?gulu the income. profits, lssues and r~venues from whatever
source dKived. esch and svery of wF~ich, it beirg expressly unde?:~ood, n hereby mw~gaged as if spec~iically set forth and desuibed in tht yranrinp and
haberid~m cla~ses hereof, u~d such Receiver shall have ~II the bro+d and efiective funct~ons and powen in ~nywise entnnted by a Court to a Receiver. and '
wch sppointment shall be msde by wch Court as an admined equity and a mattef of absolute right to aid MORTGAGEE, and without refcrence to tl»
sdeq~~cy w inaelequacy of tM val~e of the prbperty morty+9eJ or to the ionroncy or inwlvency oi saW MORTGAGOR a the detend~nts, a~d that such
rents, profi», income, iu~es and revenws shall bs applied by s~ch Receiver accordiny to the lien or epuity of said N10RTGAGEE u~d the practia of such
Ca+A.
8. To duly, promptly ~nd fully parform, dischsrge, execvte, effect, complete, oomply with ~nd abide by each ~nd every tM stipulations, agreert~ents,
conditaro and coven~~b in said promissory note and this mortyag~ set forth.
9. That in tM event ths ownership of tl~e mortga9ed p?em~ses. o~ any psrt thereof, becort~es vested in ~ penon otMr th~n the l1AORTGAGOR, t1N
MORTGAGEE, its successon and suiy~s, may, withouf notice to the MORTGAOR, deal with such successor w successor in intH~t with reference to tha
mortgpe and ths debt hereby setured in the same manna u with Mortgagor witFw~t in any way viti~tug w dixhargirg the Mortyagots' lisbility he~e-
under or vpon the debt hereby secured. No tale of the premises hereby mortgaged and no forbearsnce on the part of the MORTGAGEE w in successon
or suigro and no e:tension of the time for the paymcnt of fhe aebt hercby secured p~ven br the MORTGAGEE or its successors w assi~ns, tlall opsrat~
ro release, discMr~, modify thange or affect the aipinal lisbility of the MORTGAGOR herein, either in wfwk or in pa~t.
10. It h specifiully agreed that time is of the essence of tha contact and tMt no waivar of aey oblg~tion hereunder a of tM oblipation se-
cured hereby ahall at any time thereaher be held to be a waiva of the terms hereof a of the instrumeot secured he+by.
n addiYron to the fwego:ng monthly payments of princ:p~l a~d ioterest rcquired by the p~omissory note secured hereby, mwtgagor eo ~
and sgrees to mortgagee with each monthly payment an sdditional sum estimated by mortgagee to be equal to 1/12 of the annual o e follow- i
ing: . . ~ . , i
A-All real property tsxes kvied or assessed against t resl estata ~
B-Premiums on fire snd windstorm irourance as Ixrein requ~red to be urried o~ t situate on the above described zpremises. :
C-Premiums on wch mortgage gw~snty insurance as riartg e time -to time deem fit to csrry oa~ secured hereby. i
' Mwtgsgee shalt from time to time notify mor psg writing of the smount due and paysbk hereunder and such sum s ereupon be due and
I pay~bls on the due date of ths ~nex~t~^~ ~ment ~nd each successive month thercafier unlil morfgagee shsll notify mortgagor o e in wch
k amou~t. Such swnt ~hsll 'pFlfd by mwt9sgee toward the psyment of real properry taxes, iruu~ance prem:ums, and mortgage gwrmty ~
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~ IN WITNESS WHiREOF, the said MORTGAGOR has hereunto set his hand si+d sesl the day sna u fint aforessid.
~ and id in tM presenoe o:
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STATE OF FLORIDA 1 ~
~a,~ ~ St. I.ucie i ~ .
,
aef«. m. p..wn~~~y .pp.~red I.arncence D. 9aith a~d
Phylii~ C. 9~~th h;s w;ie, to me well known and known ro ms to be
the tndividwls dacribed io u~d who execwed the fwtyoirg instnxnent, and acknow{edged before me tMt tFiey executed th~ s+me fw the pwposes
thereH+ ~xpr~s~ed. Md th~ a~ PbYll~i C~ S17tth
wiie ot th~ ~sid L.BMtP•2'1Ce D. S3~t~1 , opon • sepuate and privat~
exsm'wwtion by me tsken wpuaN ~nd ~part from her s~id husbsnd. +denovvtedped to and befws me that she e~cacuted said ir~trument freely and volurt
rarily and without aryr compvlsion, constraint, ~pprehension, or feu of or from her said Iwsband. . ~
WITNESS my hand and official ~eal tl~is d~y of J~ A. . 19 68
y
~ Notsry P in ~nd fa t Stsfe of Florida ~t lup~
~ Mr ~Sy. L~ !9
Retum Ya '
~sr r•.d...~ a to.~ ~«~.r«~ - • ~{~ry pubXc, St~te ol flaida 6 t~ ~
,
~ a F«~ P~~.c~. ~-.t~~sei~~~i~,~ ~ ~y Com~ission.ExP~es A"q' e~
~ Fort Piace, Florida . • f~~~ ~t ~K+~ F"n ~ V~~ F
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. . 1~,~...>';,`.~.....v~~: ST,~LUC E ~ RECORpEp ~
f„~ _ l~r ~ DUl'~TY, F~a.
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This instrument prepered by a ~ -~s,~,8~2 i
First federal Sav. & Loan Assn. : • ~ : . - ~ ~e r
Fort Pier . - JUt,~ I 0 AM 10 ' 3
. ,ar~'i r'~`-fv ~ s
B . lill~t~t~•``'' • -
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~ . l~ ~p ~ `~~~~t''• ~~J~~R~S
800K1~~ PACE .1~ ~LERK CIRCUIt COURT `
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