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To pl~ ~nd continuou~ly ks~p on tM b~ildinpt now a Mrah~r utu~t~ on aid land se+d on sli p~tpm~ot and p~nonally cow~~d by this nwrt¢
with ~II p+NniueA tMr~o++ paid i~ futl, fin G?iunna in th~ uiwl s~+aiard policy fwm. a suM approwd by tM MORTGAGEE. ~nd wie~torm
tmwann M rM ~wal sanda.d pol~cy fam, in ~ sum ~pprorsd by ih~ MORTGAGEE. tn ~uch oanp+ny or oomP+nia a tM 1NORTGAGEE may
du~eU a~d all fir~ ~nd w~wrm inswaea pol~ on +ny of iaid butld~np~, Int~t tMn~n a put ?l~~of, lo tM ~pyrpat~ wen ~fw~~aW o?
In ~cau ~Mrwf, tfyll cont~in tM uswl st~ndud mortyayN cta~ a suth otM~ dau~ a tM Matp~pN m+y rW~u~. ^»ki"p ~M lou vndN ~aid pol4
cta. ~ad~ ~nd ~very. p+Y+b~ m~+~ MORTGAGEf as its int~rest m~y ~pp~+r. ~e~d Nch w+d ~wry tuch polky ~Aall b~ promptly aa:yn~d u~d ~liv~nd ~o i
any Mld by s~id MORTGAGEE a fwthN ucvrity M aW mortp+y~ d~bb ~~d. ~ot Ina tl+~n t~n (10) d+ys in advana of tl+~ ~xpkation of ~atA policy, to da
I~wr to wid MORTGAGEE • r~w~l tMno(, top~tMr wirh a nnipt fa tM pnn+ivm of wch ~en~wal~ ~nd the~ ~hall b~ no fin a wind~tam te?suwnc~
pl~pd on ~ny of s~id Iwildinp~. ~ny int~?~tt tF~~in a p+rt tMnof, unl~ss in tM fonn'~nd with fM lou p+y~bl~ as ~(u~iNdt +~d in tM ~v~et any ~um
of moMy bacanN p+y~bt~ und~r wch polky a po~ici~s ~+id MORTGAGEE ~Mit Mw tM option ro ncNw ud ~pply tM s+m~ on ~ccouM o~ tM ind~bt~
n~sa Ncyr~d hK~by or 1o p~imit said MORTGAGORS lo naiv~ and uw N a•ny part the.wf for other purposes. withovt thereb~ w~ivinp a~mpair-
inq any pvity, li~n a ripht wid~r a by v4tw of thb mortya~~t snd in tM ~wnt Nid MORTGAGORS shall fa ~ny nason f~il to kkp tM uid p~misa w
insund, o~ fall b d~liv~? promptiy any of s+id polici~s of imunnu to ~aid MORTGAGEE, or f~it promptly fo pay fulN ~^Y pnmium tt?K~fw w In any :
nspat fdl to pKfoan, d'achay~, ez~cvt~, ~fhct, compl~t~, comply with and ~bid~ by thi~ cov~nant, a any p~n I+Hwf, said hiORtGAGEE may p~+c~ and
P+Y fa s„ch u,.w.~c. o. «+y P,K ti,.~.oF wc~~ow walvinp w~ff~cti^p +nY oPtia4 ~kn. pu~b. or riphl undK w by virtw of ~his Mortp+p~. ~~?d the ~
full amount of t~ch and ~wry wch p+ym~nt sMll b~ imn~diat~ly dw ~od p+yabb uid ~MII b~ar MtK~st from ~M dab therwf votil paid M tM r~» ot ~
~in~ p~r antum pN aexwm and toytth~r with sueA tatK~t ~hall b~ aeurod by tM lia~of this morppt. +
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1. To p~rmit, aommit a wffN no w+it~, Mnpairment a dtterioration of iaid property a~ny pul tMnof.
S. To pay dl u~d sinpula~ tM.co~ts, ch+rpes ~nd ~zpN+s~s, includinp • ~eawn~bl~ ~»om~y'i fe~ snd cosb of ~Mn~cri of titl~. iecurnd or p+id +t
any tieew by u~d MORTGAGEE, bu~~ u tn tM ~v~nt of the failun on tM p~n of ths aid MORTGAGOR to dvH. P?on+Pty u~d h+~ly p~.fwm, d~xhu~R
~xecvt~. ~tfeet. compl~r~, eomply with uid ab'~ by ~+d~ ~nd ~very th~ ~ti{wlatiaw, prt~m~nts, condita% sne! oow~anb of said praniuwy ~wh and thu
monQap~ ~MI a~7tMr. u+d said coats. cMrpsi ~nd ~xpKws, each ~nd w~ry. sMll b~ imm~di~t~ly dw and p~yabl~s wMtM~ a not tMn b~ notioi d?
rrwnd. ~tt~mpf ro collecl or wit p~ndiegt +ed tM full amow+t of ~ach ~nd ewry wd~ Wyment ~h+ll b~s. int~rest fran tM dat~ tMr~of untll p~id at the
rate of nin~ per t~ntw~ p~? aru+u+n; u+d all said c6its, th+r~s and ~xptnses inturnd o? paW. wp~tl+u with such iN~ryt, shall b~ Ncw~d br tM li«+ of tha
mortpap~.
6. That ja) in tM ~wnt of ~ny bnach of this Mortyap~ w d~fa~tt on tM p+~t of tM MORTGAGOR, o~ (b) In th~ ~wnt ~ny of said swm of morwy
her~in ~~fMr~d ro b~ not pranpt~y and fully paid withi~ thirty (30) days rnx1 ~fter tFM same ~ever~ly b~com~ dw ~nd payabl~. withoW demand o~ no~ict.
or W Ie tM ~w~1t each u~d ~wry tM stipvlations pnemeots, conditwns ~ed cov~n+nts of s~~d p?anifwry not~ u?d this mortp+p~ s~+y a~ither an ea
iuly, promptly and fully pafam~d, d~scharp~d. ~xecutsd, effected. compNted. comp~ied with ~~d abided by, tMn in ~itF~ a ~ny such ~wnt tM said ag
pres+t~ wm m~nta~ed In s~id promissory not~ then nmaininp unpaid, with infer~st ~cuwd. aod all moneys acured Mreby. aMll becom~ dw and p~y- ,
abl• forthwitly w tMrtafta, at tM optan of said MORTGAGEE, u futly and canpl~tely as if ~II of 1he said wma of moMy wera oriyirully ~tipubted ;
to b~ paid on wd+ day. any~hinp ie ssid p~omiuory not~ w in tha Mortysy~ to the conrrary nonerithsandirgj and therwpon w th~r~~ftK ~t tM option of
aid MORTGAGEE, wifhout notic~ or demand. wit at la~v or in equiry, therefon or th~r~~ha beyu~, may b~ prosecuud as if dl monsys s~cv~d haeby
had m~rw.d p.ior ro in 1m~iwrion.
7. That in tM ~wnt that ~t the beginnirg of w at any tim~ pe~dinp aoy wit vpon thu Matpape, or to fweclos~ N, or to roform N, w to enforc~
paym~nt of ~ny daims F~srweder. said MORTGAGEE sMll ~ppty ro the Court hav~np jur~sd~ctton thereof fw tM ~ppo~ntment of a Receiver. wch Court sh~ll ~
fortliwith ~ppoint a receiver of said mwty~yed prope?~y al) anti sirgular, i~tlud~n9 all and sinqular th~ income, profits, hsws snd rtvenues from whatevN t
w~rp deriwd, ~ad~ and ~very of wFi~cl+, it being ~xpre~ily undaitood, is hereby mortgaged a if specifiully s~t forth and dewibed in t!K yi~minp ~nd
habendum davia hKeof, and such Rec~iver shall Mw ~U tM broad and effective fvnct~oru ~nd'ovvers in anywiss etqn?sted by ~ Cou~t to ~ Receiwr, ~nd
~~ch appointm~nt shall be maJe by suth Co~rt as ~n admined equiry and a matte? of absolute ~iyht w ssid TGAGEE, and without nfer~nce to tM
adeqv+cy o~ inadeqwcy of tM valw of the~prbp~rry mwtp~yed w to tt~e solvency or insolvency of s~id _ ~li~''sACrOR or .th~ def~dsntl, and that such
.enr~, profits, Incam; iuues and ~~venws shsll b~ +pplied by svch Receiver ~cco.d~np to tM tien or ~qibty bf. said MCA'itlAGfE~~nd.tM praaio~ of sucA
Court. ' •
& To duly, promptly and (vlly pe?form, d~sthar9e, execute, effect, complete, comply with and abid~e by sath ~od av~ry iM sfipulations, ~preemenb,
conditam and coven~nn in said promissory not~ snd this mwtyage tet forlh. , - . - '
9. That in tM went tM owr~sF?ip of the mortysqed premises, or +ny psrt thcrcof, becoma +nsted in • p~non othe~ th~n tM MORTGAGOR, tF» 1
MORTGAGEE, lts iuccessors and auqns, m+y, wi+hout notice to the MORTGAOR, deal with llxh tuaeuor or sutcesio? in interqt with referente ro this
mo.~g~s and rhs deb~ hercby secured in tM same manne? as w~th Matysyor without in ~ny way vit~atinp or discMrpirg th. Marq~gon' liability Fura
ur+der w upon the debt Ixreby secvred. No s~le of the premisea hereby mony+ged snd no forbear~noe on th~ p+rt oF the MORTGAGEE or in sucasson
or assigns and no extension of the time fw the payment of the debt hsreby secured yiven by tM MORTGAGEE or iri avccessors or +ui~m, sMll opsrat~
ro release, distMryt, modify ch+rge a affect th~ oriyinal Ii~bJity of the MORTGAGOR herein, sither in whok or io puf. •
10. It is specific~lly agreed that time is of the essence of this contrad and tMt no w~iver of ~ny obl'~g~tion hHeunde~ a of tl» obliy~tion se-
a,red htr~by ii+all ~t any time thercaher be held to be a wsiver of the terms hereof w of the iratrument setu~ed herby.
11. In addition to the fwego:ng monthly psyments of prin~ p~l and interest required by the promissory rare ~ecured hereby, mort9agor covensnts
and agrees to pay to mortgagee with each monthly p~yment an additional sum estimated by mortgsgee to be equal to 1/]2 of the annual tost of the follow- j
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A-All real property taxa kvied a auessed against the above described real estate. °
6-Premivms on fire snd wi~dstorm inwnnce as herein reqv~red to be carried on the improvemenb situate on the sbove desvibed ptemises. ~i
C-Premiums on such mwtgage gusranty insurance ss mortgagce shall from t~me to time deem fif to' carry on the ban secured hereby.
1Nortg~gee sMll from rime to time notify mo?tgsgor in writirg of the amo~nt due and poysble hereunder and such aum ihaU thereupon be du! and
payabte on th~ due date of the next monrhly payment and exh successive month thcreafter unti) mortgspee shall notify rnortgagor of a change in wdj
amount. Such wms shall be spplied by mwtgsyee toward the payment of real property t~xes, insur~nce prem:ums, and mortgsge ywranry insuranc~
premivms.
IN WITNESS , the id AhORTGAGOR hss hereunto ut his hand and seal the day ~nd year fin aforesa'
~ Sipr»d, Ssa in tht of: _ ~Seal ~
~ aq
~ aq
p r 4
~ • - Seal )
STATE Of fLORIDA ~ ,
st. t
ucie
courm oF -
~f~ ~~~,,,i~ Howazd W. Sa~a son and Helen D. Saa son ,his wife; Ese son G.
Saapson and Iris T. Saoason. his wife; and Williaa F. ha e, ro ,w.n ~~,a m b. 'wb~'~
rM ir~vidwts d~wib~d in aod who ~x~cuted tM for~poirg tnstrurrnnt, and ~cknowlsdped befw~ m~ that tMy tnewt~d Mw sartw fa tM purpos~s
fher~in f:p?~sNd. And tFM N • ! ~
~,;i. ~,i,. Ea~erson G. Saw~son; and Bonita G. Sa4pson, wife of said 1„~,,;~,~,~=t~ ,~,~Qrn `i
e.~mination by m~ taken sep~r~t~ ~nd ap~n from her s+id h sband, xknowledped to and btfor~ m~ tFWt atN ~x~wt~d s~id 'mstrvm~M freely ~nd votwr ~
~ isr~ly and virithovf unr eoenpulsion, eorutr~int. ~pprsM +"wn, r har of ot from Mr ~aid husb~nd • 3
~ WItNESS my Mnd and offici~l ieal th~ day of l~ C. 19~_ }
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`s% Not~ry P ie in and for th~ SesM"et`fJMfd~•M Lat~ s
~ My Comm~uion ~+cpir~u • /q•= ~ • - '
~ Retv.A Ta. - " "
~ FiM F~~a) Sarinps i loan biocisl~on • . • - r+ , =
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~ O{ Fpt P~erq.
r6TA~Y ~NIJ~. sTATE ~F ilNrA A~ ~ ~
~ F«~ P~erce. Fto.~d~ MY C y1MISSION EXPIRES OCi. I•~
FILED ANO RECO~ TMROw« •ec~ ~r, p~i~T~`~,~T '
~ S7. LUCIE CdUNTY. FLA. ,
~ ^ ~r , • r~' 7 r • . . • . . . ~
~ lf'79"7~3 . ~ o I ~ 7 i
~ Thls mstrume~t prepased by ~ ~ 9~ 43
First Federal Sav. 6 lcan Assn. fi~ ,~N ~ y ~
~ ot Fo Pier , 1~~e,~-~-~-~J
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By ~ ao~Ea Po~TR~s
CLE~R R C~RCUIT COURt
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