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3. To plao~ ++~d cauinuouslY kNp o~ tM buildinps now a hereafta utuat~ on aid land ~nd on all eq~tprn~~t and pasonally covK~d by thls ~wr1~
p~, with all pemiv~ tMna? p+~d in full, fir~ Guw+nc~ in ~h~ ~su~l ttandard poticy fam. ~n + ium ~pproved by tM MORiGAGEE. ~nd windstwm ,
~niw~nc~ In th~ ~w~1 ~~~ndard pol;q form, in a wm app~oved by tM MORTGAGEE. in wch Company o~ comp+nia a tM MORTCaAGEE may
di?~ut and all iir~ u~d w'uid+~orm insurana Poticies on ~ny ot s+id buiid~nps, .ey in~•~e~~ rheroin w pan tMreof, i~ tM ~~epN~ u?m afor~safd w
1~ ~:uss thK~of, ~h+il contain fM uswl sundud mortysyee clause a ivch ofher clavs~ ~s ~M Mortyagee may requv~. ma4i~ep th~ loss ur~r said po~F
u
cia, ~ach and ~very. p+Yabb ro s+'d MORTGAGEE ss in interesf msr ~ppN~. +nd each and ~very iuch pol~cy shall b~ proenptly ~u:yried +nd d~~iver to
~ny Mld by s~id MORTGAGEE a f~rtha utu~ity to aid rtw?tps~ debt, ~nd, nol kss than te~ (10) d+Yt in ~dvanc~ of the txpintron of sxh policy, to d? +
livK to s+id MORTGAGEE • tlnOw~l fhNlOf, to~~d?K with a receipt fa ~he p?emium of such renewal; ~nd ~he~~ sh~ll be no fi.~ w windsram i~uu~anc~ ;
plaad on ~ny of said buildin~s, any inte~M tl+a~ie or p+n tF+Keof, vnless ie tM form'u+d wi~h tM loss paY+bl~ as ~for~s~ids and i~ tM eve~l any ium ~
of ma»y becants payablt w+der wch polky w policia said MORTGAGEE shsll haw tM opt~or? to ncsiw and apply iM s+rrw oe accow~t o1 IM ind~btad-
~s~ ~etvr~d ht~tby or b ptrmit said MORTCrAGORS lo rKeive and us~ it a ~ny part thereof tar othcr purposes, wi~houl Ihareb/ waivny ot ~mPa'~'
lnp sny puiry, liN+ w ~ipht unde~ a bp virtw of fhis morss~y~: ~nd in tM ~veM said MORTGAGORS shall fot ~ny rtason f~il to keap ~he s+id Pre+nises w
insured, or f~i) b deliver prompNy a~y of taid polici~s of in~ursnu to s~id MORTGAGEE, or fail promptly to p~Y fully any premi~m therefa or i~ any `
r~ipect fail to pe~fo~rt4 dischar~, e:ecute, ~ffett, complet~, oomply with and ~bide by Mis covenant, or a~y part hereof, said MORTGAGEE m+y p~+ce +nd
full famoun
o ~sch +nd w~ry s~ch P+Ym~nt
sl+~h
11 be i medi~telyff wMand payabM +nd shal~b~ ~ntere~t from tM dat~vthsreoffumil pi~, at~ Marat~tof
n;nt pN centum p~r ~ruwm ard togethe~ with sutA interest shall b~ secured by the li~n of thii mat9~pe.
1. To ptrmit, oomnut or suHer no wuM. iw+pa'vment or deterantion of said proparty or +ny p+rt tl+ereof.
S. To pay all a~d sinpvl~r the.cwt~, char~a and expenses, includir?y a reasonable anorney i fee snd wsts of ab~tracn of title, incun~d or pa~d a~
~ny time by ssid MORTGAGEE, because w in ths ew+it of the (ailure on the paA of the :~id MORTGAGOR to duly, p?omptly and f~•Ily perlorm, d~xharga~
execvte. ~if~d. ae. comply with and abcds by a~d+ +nd every the sY~pulauons. ~greeme~ts, conditio~s, and ooven+nts of said promissory ~ole ~nd thi~
mortg+~e u~y or e"u and sa~d costs, ch+r~es ~nd expernes. each and evay. shall be immediately due ~nd psy~bk; whether a not there be notKe da
mand, att~mpt to cdktt or wit pending; ~nd tM fvl~ amovnt of each ~nd every wch P~Ymem sMll bear intereit from the dat~ thereof until paid d the
iate of ~ine per crntum per annum; and all said costs, char9es and expenses incurred or p+id. ~oped+c* w~th such int~resf, shall b~ secured by th~ lien of thi~
mwtp+ye•
~r~.eaeiref ~iw~ 1iAortg~g~ or default ~ the nsrt of the MORTGAGOR, or (b) in the svent ~ny of taid swns of mon~y
herein r~ferr~d 1o be ~W ptomptly ~nd fully p+id with~n thirty (30) days ne~ct after the same uve~ally become due and payaW~. wit t a nofite,
or (c~ in t!r ewrlt esch sed every the stipulations, ~gnements, conditions and Coven~nts of ssid promiuwy note and th~s mort9sge any w eithe~ ars no1
iviy, promptly ~rd fulty pufamad. discharqed, executed. effected. completed. complied with and abided by, then in either w sny ivch evtnt ~M said a~
pre~aM sum mentaned in aid promissory note thee remaininp u~paid, with interest acuued, and all mcneys secured hereby, sMll betome dut and pay~
~bN forthwi~h, w thereaiter, at tFa optioe~ of said MORJGAGEE, as fully and completely as if all of the wid sums of money were oripirully stipulated
to be paid on iuch day, anytAirg in said promiuory note w in this Mortgage to the contrary notwithstanding; and thereupon or tl+ereafter ~t the op~ion of
sa~d MORTGAGEE, Wi1IWW IfOtitf o~ demsnd, suit at law or in equity, therefwe or thereaf~er begvn, may be prosecuted ~s if a!1 moneys secvred hereby
had matured ptiw fo its institution.
7. ihat in the event that at tF+e beginning of w at any time pe~ding aoy suit ~pon this lAortgsge, or ro foreclose it, or to rcfo~m H, w to e~forte
paymtM of any claims haeunde~, said MORTGAGEE shell apply to the Court having jurisd~ct~on thereol (w the appo~ntment of ~ Receiver, such ~o~rt shall
Fatliwith ~ppoirtt a receive? of wid mortgaged prope?ty all ~nd singular, includ~ng all and singular the income, protits, issues and revenues from whatever
souru derived, exh and ~very of which, it txing expressly understood, is hereby mortgaged u if spec~fically set forth and described in the granting ~nd
habendum clauses herrof, and iuch Receiver shall have all the brosd and effecrive funu~ons and powers in anyw~se entrusted by a CoiTrt to a Receiver, and
such appointment shatl be made by such Court as sn admitted equity and a matter of absolute right ro ssid MORTGAGEE, and withovt reference to the
adequ~cy w insdeqvacy of the value of the property mortgaged ~ to the sotvency w insolvency of iaid MORTGAGOR a the defendants, and that such
rems, profiri, income, issues and revenues shall be +pplied by such Receiver accordinp to the lien or equity of said MORTGAGEE and the practrce of such
Coutt.
8. To duly, promptly a~d fully perlorm, dixharge, execute, effect, complete, comply with and ati~dt by each and eve?y the stipulations, sg~eements,
tr•-~-•~•~ 'sn sa~d promisswy nofe snd thi~ mortgage set fwth. .
9. TI»t in the eveM tlx ownenhip of the mortgaged prcmises, w sny part thereof, becomes vested in a perwn other thsn the MORTGAGOR, fh~
MORTGAGEE, its succeuors and assigm, may, without notice to the MORTGAOR, dcsl with such succcssor or successw in interest with reference to this
mort9age and tlx debt hereby secured in the same manner as with Mortgagw w~thout in any way vitisting or diicharging the Mortgagors' lisbility hers-
under or upon the debl hereby secured. No ssle of the premixs hereby mwtgaged and no fwbearsnce on the part of the MORTGAGEE w its successors
or aug~s and no extension of the timc fw the payment of the debt hereby secured given by the MORTGAGEE or its successon or auigru, shall operats ~
to release, dixMr9e, modify cAange a afiecf the wiginal 17abil~ty of tF~e MORTGAGOR herein, either in whole or in pa?t.
10. It is spec~fically agreed thst time is of the euence of this contract and that no waiver of any obligation hereunder w of fhe obligation sr ~
a.red hereby aMll at sny time thereafter be held to be a waiver of the terms hereof w of the inst~ument secured herby.
11_ In addition to the fwego:ng monthly payme~ts of prinCpDl and interest ~cquired by the promiuory note secured hereby, mortgagor tovenanfs
and agrees to pay to rra~tgagee with esch monthly payment an add~~io~al sum esrimated by mortgagee to be equal to 1/12 of the annual cost of the follow-
ing:
A-All real property taxa levied or assessed agai~st the above deuribed real estate. '
B-Premiums on fire aod windstorm insurance a; Ferein requ~red to be carried on the improveme~ts setuate on the above described premises. j
C-Premiums o~ such mortgsge gvaranty insurance as mortgagee shall from time to time deem fie to tarry on the ban setured hereby.
~ Mortgsgee shall from ?ime to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall tF~ereupon be due and i
f payable on the dve date of the next monthly payment and each successive month thereafter urtil mortgagee shall notify mortgagor of a chsnge in such ~
~ amount. Such sums shall be applied by mortgagee toward the p+yment of real property taxes, insurance p~em:ums, and mortgage guarsnty insurante i
~ p+emiums.
~ IN WITNE55 WHEREOF, the said MO GAGOR has Fureunto set his hand a~d xal the dsy and r fint sf9
~ ' nsd, led elive/td in the eseoce f: ~ ( Seal)
€ •n
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~ ( Seal) i
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STATF Of FlOR10A ~ .
$t. 1.i1Cle ~ t
COUNTY OF
eef« n, a~~ William F. Sampson and Bonita ~t. Sam son hi wife; Howard ,W„'d
;;~npson and ~~e ~.~ampson,Tiis wi~e; and Emerson G. J~Sa~~~~=• ~Pson,
his wi~e, to me well known ~nd known ro me to b~
the ind~vidwls d~scribed in and who executed the forcyanp instrument, and scknowtedged befwe me that tlxy executed tl+~ ssme for the purposes
therein ~apreu~d. n~,d ~~,.,,cdBonita G. Sa~pson, ~vife Of W1111d1R F• Sampson; 8p(~ elen~. S~DSOR
w~r. o+ ,,;d Howard W. Sampson; and I ris T. Sampson, wife of Emerson G„S,~„ .,~,~,t. ,,,d P,;,,,f.
e,~minatan b~r rn~ tak~n ~tparaN and apa.t from F?er said husband, acknowledged to ~nd befwe rn~ that she executed u;d i+utrvmeM freely and volurt-
~~rily and w~thout u~y compuiiion, constraint, appre ~on, feu of w from fnr said Fwsband. •
WITNESS my hand and offic~a! scal this day of '~~y ~ A. D. 19 68 ~
~ ~
~ Notary Pvblic in and fw the St~tt of F{orida ~t tarQ~ ~
~ My Comm~ssion upires: ~ ~ - 2. (i -7 /
Retum Ta
~ Rnt F~d~ral S~~~ny~ i lw~ Assoctaf~o~ NpTA~Y !II~l1C, iTATE Of FlORIOA AT IA~CE
~ o~ fa~ P,«`~ F?~Ep AND R MY co~isslON E~tPIRES NOV. ~a, i~»
Port P~erce Flo~ide ECORDED~ iMMOU1rw f.R~O D~~~1iLMOta~
ST, LUCIE COUNTY, FLA. ~
~ pcrn,.^, n yE-Fl~r~ ~ ~ ' .
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~ ,6e ~~s~~s ~ _
~ This instrument prep~red by JUL I 5 PN I: 2 8 -.:~t~;~"
Fr~t Fede~al S~v. ~ loan Assn. .
of fort Pitrce F, _ . " _ ~ : : .
gy ~ D. ~ L-~ - CLERK .CIRCUtT~~S .J ~ .~.Y. , ,
- o R ~ COU T , ,~,a`. .
d00K1 ~ PACE~~~
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