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To pl~a and contirnwusly k~ep on tl+~ buildinps iww a Mr~aftN sitwt~ on sakl la+d u?d on all eqvipme~t ~nd p~rwoalF~r cownd by this ~naq~ ;
p~. with ~II pr~miu~ tl+er~on paid in futl, fin insunnc~ in ths usual sar,d~rd policy fan~, ~n • swin +pprowd bp tir MORTGAGEE. ~nd wind~torm ~
inwrano~ in th~ usual itand~~d pol~cy fam. in ~ ~vm ~pprowd by ~M MORTGAGEE, in wch comp+eY c? comP+oi~s a the MORTGAf3EE n+~y
dinctt and all fir~ ~nd windsrorm ir?swana policie~ on ~ny of s~id build~nys„ +ny inte~p~ thueh+ w put tl+Keof, M tlw +yprpaa wm afwNaid o?
In ~xau thK~of, sM11 conain tl+~ wwl itandard mo~~~s~ davs~ w such othe~ d+vs~ a tM Maty~pe~ m+Y reqv'v~. makinp tM bss u~+da a+ld pdF
ci~s, ~ed~ ~nd w~ry. psYSbl~ w s+id MORTGAGEE ~s ib interest m~y appN~. and t+ch and ~very s~ch polky iMli b~ p~omptly ~u:q~ed and d~liv~'~d to
any MW by ~id MORiGAGEE a funhM sscurity ro aid nwrtpsy~ debt, ~nd. not tess than tN? ll~ days in ~dvanc~ of ~M ~xpi.ation of each policy. w dh
liva ro said MORTGAGEE • ~~newal tha~of, wpe~hK with a roceipt fw the pemlwn of such reewwal~ u~d tMr~ sMll b~ no fin w windstam imwance
pl~pd on a~y of uW buildinps, a+y intaa~ Me*ein or put fhK~of. wJsss in tM fomi and wi~h ~M loss p~yabl~ u afontaid: +~d tn tM ewnt ~ny wm
of mon~y bacan~ paY~ble u!~de~ wch Poticy a Polici~a ~aid MORTGAGEE ~hall Mw tM op~ion ro nuive ~nd ~pply tM w~a on ~caowu oT tFw Ind~Ot+d-
ntas NNnd Mr~by a W pK~t said MORTGAGORS to rKtiw ~nd us~ it a•ny part lhrreoF fw othe? purposes. without tAe~eb/ waivi~g Or imp~ir-
~np a~Y p~;ty. li~n a r;pF,~ u~dK or by vlrtw of th4 mortyap~s and in tM ~vem said MORTGAGORS sMll fa aey r~sson fail to ke~p tM aW pr~mises w
insured. o. f.n a d.i~w~ aa++MN ~^y ~ s+~ Polici~s of inwnnu ro aaid MORTGAGEE. w f~il promptly ro pay fully any pr~.nivm tl+K~fw a in u+y
nsput fail w pKfocn~, diKMry~. ~:ecvt~, ~ifM, campleN, comply with ~nd abid~ by thls covenant, p any p~rt hxwf, s~id MORTGACsEE m+y plac~ ~nd
p~Y for such Inw~~nct w~ny p~rt thercof without w~Ninp or aff~ctirq any option, litr~, puiq. or ripht undK or by virtw of this Mortpap~, +nd tM
fi,ll ~rnovnt of ~ach ~nd wery wch WYm~nt sh+ll b~ imm~dlately dw +ad p.yabl. ~+d aha11 b.u iot..est from ~h. dan rherwf umil p+id a~ th~ ~at~ ot
nine pa pntum pN urwm +~d to~ethe~ witA sud? Intenst ahall be secvred by th~ li~n of this mortyaps. '
1. To pKmit, aw+rnit o? wffN no w~st~, impa'umeM or deteraratan of said properry o~ u~y put th~?eof• ;
S. To pay ~II uid sirgulu th~ Roats, ch+~es u~d expenses, ~nclud'ug • ressonabl~ sttomey's fe~ ~nd costs of sbstrxri of titl~, incun~d w p~id at j
u~y tirn~ by s+id AIWRTGAGEE, btcws! or in th~ evee:! of ti+~ failure on the part of the ssid MORTGAGOR to dvly, promptly ~nd fvlly pNfwm, dischu9R '
~:scvte, df~et-~onpL~a, comply with and abids by ~ach and every tM stipulations, ~yreeme~n. conditions, ~nd oownams of aid promissory ~wt~ and this
^~9+D~ ~~+Y o? eitha. and sa~d cosn. cM~s a~d eape~nes. ~ach and ~wry, shall b~ immedistely d~e and p~yabl~; wlxther a ~ot M~r~ b~ notici ds
m~nd, ~ttempt fo oolket or svN p~ndinp: snd tM fvll an+ount of each ~nd ~ve+Y wch WYm~+~~ sh+ll bea. intereit from the dat~ thereof votil paid ~t the
raro of ~ine p~r tcntum per annum; and all s~id absts, tha~ges +nd expenses incwred w p~W, topetMr with such inter~st, ahell b~ secvr~d by tM li«+ of this
mort9p~-
a. That j~) in tht went of ~ny breach of this Nbrtyap~ o~ default on tl» part of the MORTGAGOR, o~ (b) ie tM svent u~y of sa~d sw~u of moe~y
her~in ref~n~d ro b~ iwt promptly ~nd fully p~id within thirty (30) days oext after the same sever~lly become due and p+yable, without d~m~nd w notice,
or W In tM w~r~t ~ach ~nd ~vay tM stipulatioos, sgreea+~nts, ca+ditions ++~d coven~nn of sa~d p.a++~ssory note snd tFwa mortps~ any o~ ~ither are no1
iuy, promptly ~nd fvllY perfo.mad, d~xharped, exea,ted, effected. completed, complied w~th and ~bided by, then in either a any svch eve+?t tM said ~
yreq~t~ sum mantiawd in s+id promissory note then ramsining unpaid. with imerest ~ccrued. and all rtwneys secured hereby. sMll bccome dw and pay~
abb fwthwitl~, O~ tFIQfNffN, at th~ oprion of said MORTGAGEE, u fully snd compt~rety as ii all of tl+e said sums of moe~ey were apin~lly stiputated
to be pa;d on wd~ day. anythiny in said promissory note or in this Mwtgage to the contrary notwithstandiop: and thereupon or thereat~er ~t ths optan of
said MORTGAGEE, without notics w demand, svit at law or in eq~ity, tFKr~fors w thereafter begvn, may be p?osecvted u if all moneys secured hereby
had maturad prwr to iri institution.
7. iMt in tM went that st the beginninp of or at s~y time pe~dirg soy suit upon tha :~lwtgs„e, or w faeclos~ N, or to reform it, W t0 MfOIq
p~yment of any claims hereu~de?, s+id kkWRTGAGEE shsll spply ro the Court having jurisdiqion thereof for ~he appo~ntment of • Receive~, such Coun shall
fortliwith sppoiM a reteiver of s~id mo~t9+ged properhr all ~nd singular, inclvd~ny all and singubr the incans, p~ofib, istues and revenues from whatever
w~np derived. each and every of whicl~. it being expressly understood. is hereby mortgaged as if speciiiully set forth and described in the prantinp and
hab~r~rm tlavses hereof, and such Recaver shalt have sll the bwd ar?d effective funct~w?s a~d powen in anywise entrwted by ~ Cwrt fo • Reteiver, and
~uch ~ppoiMm~nt shall be mads by wch Court as an admitted eqvity and a matter of absolute right to said MORTGAGEE, and without roference ro the
adaq~scy p inadeq~xy o( the value of tl+e prbperry m«tg+ged or to the wnre~cy or insotvency of said N10RiGAGOR or rhe defendann, and that such E
renn, profi», income, iuues snd revenues shall be ~pplied by such Receive~ accord~?g to the lien or equity of said MORTGAGEE u~d the practiu of such ~
Co~rt. '
8. To duly, pranptly snd fvlly perform, d'acha?Qe, execute, effect, complete, comply wi~h snd ab~de bp each and every the stipulaYa~s, apreemenq, ~
conditans ard cavenan» in said pramissory ~oro snd this mortgage set fath.
9. That in ths evem the awnenhip of the mortgsyed premises. a any part tl+ereof, becomes vested in a person other tiun the MORTGAGOR, tl+~ f
MORTGAGEE, iq successon ~nd suigro, rtuy, without rarice to the MORTGAOR, desl with such succeuor or successw in interest with reference to this
nwr~9~pe and tl+e deb~ he+eby secured in the same manner as wi~h Mortgsgw without in any way vitiating or discharging the lNortgagors' lisbiliry hera `
unde~ w upon tM debt hereby sccured. No sale of the premises hereby mortgaged and no forbearance on the pan of the MORiGAGEE or its successon
or assigro ~nd no extension of the time for the peyment of the aebt hereby secu~ed yiveo by the MORTGAGEE or its succeuors w auiyns, ahall operat~
ro rsle+s~, discharye, modify ch+rge or affect the wiginal 1'~sb~Gty of t1~e MORTGAGOR herein, either in whole or in part.
10. It is spec~fic~ly agreed that time is of the essence of this contract and thst no wsiver of any obligatwn hareunder a of th~ oblipation se-
a;r~d l~aeby sA~ll at sny time thcrsaher be heW to be ~ wsiver of the temu hereof a of the iratrument setured herby.
11. In additan to the fwego:ng monthly paymcnts of princ'p~l and interest required by the promissory nore secured hereby, mortgagor covenants
and aprees to psy to mortya9ee with eacF~ monthly psyment an edditional sum estimated by mwty~gee to be equal to 1/)2 of the annw) cost of ti~e follow-
'ng:
A-All real property taxes kvied w assessed against the above described rea{ estate.
B-Premiums on firo and windstorm iruuranct ss herein requ~red to be csrried w+ the improvements sifvate on the above desaibed premises.
C-Premiums on sqth mort9sge 9wranty insura~ce ~t mortgsgee shsll from time to time deem fit to tarry on the losn ~ecured hereby.
Mortgagee shall from time to time notify mortgagw in writinQ of the amount due and p~y~ble here~nder and such wm shalt thereupon be due ~nd
payable on the due date of the ne:t momhly payment and exh s~ccessive month thercafter urtil mwigsgee shall notify mortgagor of s cMnge in such
amax~t. Such sums shall be applied by mortgsgee toward the payment of real property tsxes, insurance premiums, and mortg~ge guaranty inwrance r
premiums.
~ IN WITNESS WHEREOF, the ssid N10RTGAGOR has hereunto set his hand aod seal the day snd yeu fint aforesaid.
~ S~al~d ~nd iwr in the preaence of: -
~ • ~ n
~ _ .n ;
/3c,~.~I ~ - =n
a..q ~
STATE Of FLORIOA ~ ~
~ St. Lucie ~
courm oF
~~~i~y W il l iam J. Hoerman
Clara A. I~oezman hq w;t~, to me well known snd knawii foi~~ a b.
rhe ird'i~idwls desc.ibed in ~nd who • ted rhe foreaqp,p r
s~n t, and ~dcnowkdged befwe me that they exen,ted tl»~~MN~(*tl».pwposs~
~ara A. ~ioe ~p ~ :
i iam . cerman y.d pn~?a»
«~h o? rh~ s~id - ~pa~
~ ~,uminatan by nr tsken kpa~at~ and ~pa?t from her said husband. acknowledged ro ~11d blfp~ Rlf that she exKW~ +~t! ~~in~Mt fty'Ix alalt ~d~
~~rii ~nd withoW apprehtnsion, f~sr of or from id Iwsband. = r+' ~
Y ~rpr compulsion, cacstrainl, ` •
~ WITNESS my Iwnd ~nd off~ual s~al tlti. ~ Q~ d~y of 0~ Q~
~ , 7
.
~ ary Public G? and fw the ibf~ of~A~ida ~t lary~ •
~ ~n? To: FILEO AND REGOI~~~ ' ~ • .
~ ~ F.d...~ s+~uw. a~o,~+ n.,«?.~:a+ ST. LUCIE COUNTY. FLA. tktsr~r P~wic, Stats'bF~rids~at far~
~ o+ Fw~ PK.~.. a~ C n F~ v ~ R! F ~ E p ;y iorn~issi~n E~pins Sept- 23. 196~
FqT Pitrtl, flwids i~~ s 4 b•:w h A<,~rw. /w ~ Ga~w~ G. 1
~ ~sa ~u~ ~ a~ io: z3
~ This instrument prepared b~ ,
F' federal Sav. ~ Lo~ Assa. ~~CP~~~,~;(~,
~ af Fat " • ~~e~~~ ~~O~TRAS
r CLERK CIRCUIT COURT `
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~ _ aao~ 1~2 F~~E 15~6 ~ k
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