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3. To pl~ ~nd conYinuwtly ke~p on tht buildinps now w he~aafter situstt on tsid lu~d a~d on sll equipms~t ai+d p~noi+a~~1r cov~nd M? Mis ^w?q'
p~, wi~h ~11 pr~miurtA th~reo~ patd in full, fir~ inw~~nc~ in tM uiual sti~dard pol~cy fo?m, a iwn +pp~owd by tM MORTGAGEE. ~nd wie?d~~onn
iniwanc~ in tM uswl tandard pol~cy fam, in • sum spprov~d by tM lNORTGAGEE, in such compsnY w~or^P+ni~s as ~M MORTGAGEE nWy
dinctt ~ew fk~ and w~~torm inw~u?c~ policis~ on sny of wid buil~Sinys, ~ny inNrat Il+~r~in w Fart tMrwi, in th~ +pyr~y~~~ wn+ ~fa~~aid or
u?c
in ~t~ss 1ht~wf, ihall contain th~ uiwl s~u~d+rd mortg~~e clause a such othe~ tl~us~ ~s tM Mort~+~e~ ~nay ~pu'~n. m+kGq tM toss u~de~ sa~d po~M
c',q. ~ach ~nd ~very. paY+bl~ tq said MORTGAGEE as ia intereit may ~ppN?, and each u+d eve.y t~ch policy ahall be prompNy ~ss:yned ~nd d~tivered to
~ny h~1d by said MORTGAGEE ~s f~rthsr secu~ity to said mo.tyape dsbt, and, not I~s~ tlwn ten l10) days tn ~dvanc~ of tM ~apir~ta~ of esch policy. to d~-
liver to said MORTGAGEE • rtnewal thereof, r^~other with s ~eceipt fw the pre~nivm oi s~ch rernwal; and ther~ shail b~ no fin w windslam iraur~~+te
pl~ad on ~ny of aid bvildinps. any i~te?~~t tMr~ie or ps?t tMrwf. w+iess in tFr iorm and with ~M loss p~ysble as afaa:~id: ~nd i~ tM ~vsnt ~ny ~um
of moeKy becams p+Yabh w,~da wd? P°~'~Y a Policih said MORiGAGEE sh~ll haw tM option to rsceiw and apply tM same on acca+n~ 01 tM indebted~
n~u satv~~d Mr~by o~ 1o pt~mit said AhORiGAGORS to reteive and us~ it p any part thereof iw other purposes, without the~eb~ waivi~y o~ ~mpain
;nq ~ny pu;ry, IiM a ripht ued+r a by vinw of this mortyagr, r-+d in ~M ~ven1 said MORTGAGORS sh~ll fw ar./ rtason f~il 1o kesp tM s+id prtmis~ w
iniured, w fsil b delive~ promptlY ~nY of s~id polities oi insunnce to s+id MORTGAGEE, ot fait promptly to p~y fv~~Y any prtmium thertfor a i~ at+y
rosp~ct iaTl 1o pKfonn, d'~schsrpt, execut~, ~ff~ct, complea, canply with and ~bid~ by this covenan~. w+~Y Pa?t hereof, i~id MORTGAGEE may plac~ ~nd
paY for wch tnwranc~ w any pWt th~r~of without w+lvirg or affectinp ~ny optia~, li~o, pu~ty. or rph~ u~de~ a by virtw of this Mortyap~. and ths
full amo~nt of eath ~nd ew*Y svcA WYment shall b~ imm~diately dw and p~y+bl~ ~od shall bear int~test from 1M dat~ thereof until paid at tM ~at~ oi
n;,k pK eenwm per annwn +nd togdher with sucA interesr shall be secured by tl?~ lien of this matp+pe.
1. To permH, canndt ar wffa no wut~, impa'ument a deterioratw~ of s~id p~operty or +~Y Wr1 thereof.
S. To piy ~II aod unp~la? tM toits, chupes ~nd eaPa~ses. inc~vdl^y + reasonable ano.~+e~ i fee snd costs of abstracts of title, incvned w paid ~f
any tim~ by ~sid MORTGAGEE, becavs~ or in the ev~nt of ths fail~re ~r+ the part of ths iaid MORTGAGOR to duh, p~~+pt~b +nd fully perform, dixharg4
e:ecvte, tff~d, canpkte, canp~y with ~nd abide by ~sch and every the stipulatans, agreemen», conditions, and covena~b of s~id promiuory not~ ~nd thw
mortyap~ ~ny a e~~ha, and taid cosM, cha.y=! and expentes. each and every. sMll be immediately dve and psyable: whether a not rher~ be notice da
mu~d, ~nemp~ to collect w wit p.ndinp: u~d the full arrw~nt of each a~d every wd? paYmerif shsll be~r interes~ from ~M d+te tMreof unril p~id ~t the
rate of nine per cenwm pe~ am~um: and all said tdsts, charges ~nd expenses incvr~ed or paid, together with such intertst, shill be a~cured by tM li«+ of thi~
mortpp~.
0. 7Mt (e~) i~ the event of any breath of this Mortgsy~ a default on tM paA of the MORTGAGOR, w(b) in the svem ~ny of said sums of n+oney E
herein nferred to be not p?anptly and fully paid within thirty (30) days r+ext after ~hc same se~rcrally become dve and payabk, withou~ demsnd w notice,
or W in the ~wM each u~d wery the stipulatioos, ~reemenn. cond~rions +nd coven.nn of sa~d promiuory ~ote and this matya~e any w eitl+~ are no1
iuly, promptly u~d fuly perfwmed, d~scharged. ezetuted, effected. completed, complied with and abided by, tha+ ir+ either w any such ~w~+t ths said ~g
p?e~stt tum meNaned in said promiuwy rate then remaining unpaid, with interest xuued. snd all moneys sstured IKreby. thall betwne due and p~y-
able futhwith, a thereafta, at the option of isid MORTGAGEE, as fs;lly and compktely as if sll of ~he said sums oi mo~ey wero o~~gin~llr sfipulated
to be psid on such day, anythirg in said promiuory note a in thi~ Mortgage ro the contrary notwitlutandiny; and thereupon or thereaha +1 the option of ;
•eid MORTGAGEE, without notice w oemand, :uit at law or in equity, therefwe or thereafter begun, may be prosecuted ~s if all mo~eys sacv~ed hereby i
had matured arot to i» institution. `
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7. That in the event that at the beginning of or at any time pending aoy suit vpon this Mortgsge, w fo fo?ecbse it, or to reform it, o: fo enfwe~ E
payment of sny claims hereunder, said MORTGAGEE shall apply to the Court having jur~sd~ction thereof iw the appo~ntment of a Reteiver, u~cl+ Ca?rt ahall #
Fwtliwith sppoint a receiver of taid mortgaged prope~ty all and singutar, irxlud~ng a~l artd singular the intome, profits, iswes and revenues from whatevN
Aurts derived, exh and every of whith, it being expressly understood, is hereby mor~gaged as if spetifically set forth u~d dewibed in the p.anting and ~
habendwn tiauses hereof, and such Receiver sha11 have all the broad and effective funct~o~s and powers in anywise entrusted by a Court to s Reteiver, and
such appointment sha~l be made by wch Court as an admitted eqvity and a mattcr af absolute rght to said MORTGAGEE, ~nd withouf reference to the
edequacy or inadaqvacy of the valve of the prbperty mortgaged or fo the sohrency or insolventy of ~aid MORiGAGOR or the defendants, ~nd that such
renfs, profin, incane, iuues and revenues ~all be applied by such Receiver accwd~ny to the lien or equity of sa~d MORTGAGEE snd the pracrice of such
CouA.
8. To duly, p?ompHy ar+d fvlly perfwm, discharge, execute, effect, complete, comply w~th and abide by each and every the stipulations, agreements,
conditions and covenants in sa~d promissay note and thw mortgage set fa1h. _
9. Thaf in the event the ow~ership of the mortgaged p~emises, or any part thereof, becomes vested in a person other than tl+e MORTGAGOR, the
MORTGAGEE, its successors and auign:, may, without notice to the MORTGAOR, deal wi~h such succeuw or wcceuor in interest with retere~ce to this
mwt9aye and tlx debt hereby secwed in the same manner as with Mortgago? w7thout in any way vitiating o? discharging the Matgagors' liability here-
under or upon the debt hereby secured. No sale of the premius hereby mortgaged and no fabearance on the pan oi the MORTGAGEE or itr wccessws
or auigru and no extension of the time for the payment of the debt he?eby secured given by the MORTGAGEE or its succeuors w auigns, shall operate
u ;
ro release, dischuQe, modify change or sffect 1he wiginal IiabiGty of the MORTGAGOR herein, either in whole or in put. • •
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10. It is specificatly agreed that time is of the euence of this contract and that no waiver of any obligation hereunder or of thp obligation se-
a,~ed he?sby shall at any time thereafter be held to be a waiver of the terrtu I+ercof w of the instrument secured herby. ~
I1. In add~tion to the fweqo:ng monthly payments of princ'pDl end interest requ7red by the promissory note secured hereby, mortgagor covenants
and agrees to pay to mortgsgee with each monthly payment an add~rional sum est~ma~ed by mwtgagee fo be equal to 1/12 of the annual cost of the follow-
ing:
A-All real property taxes kvied a assessed against thc above described real estate.
j 8-Premiums on fire and windstwm insurance as herein requ~red to be carried on the ~mprovements sitwte on the above desvibed premiaes: i
~ C-Premiums on such mortgage guaranty insurance as mortgagee shall from time to time deem fit to carry on the ban secured hereby. .
Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and suth sum sha{I thereupon be due and
payabl~ on the due date of the ne:t monihly payment and each svccessive month thereafter urtil mortgsgee shall notify mortgago? of a change in such
E amount. Such sums shall be applied by mwtgagee toward the psyment of real property taxes, insurance prem:~ms, and mortgage guaranty insurante
~ prcmiums.
IN WITNE55 WHEREOF, the s+id MORTGAGOR has hereunto set his hand and ual the day and year nt afweaaid.
S' S~al~d ~nd liver ' the presence of:
~
~ ~~y f +0
~ n
n
~ •
~ STATE Of fIORIDA
St. Lucie
covNn c~c ~ - - .
b~f«e ~~w~+~~ty a~e+red Howazd F. Ho~re and Lucille M. Hare, his pife •~Jal~ ~'v.~
James R. Maley and Margaret Maley, his wife ~,,;4, ,o ..~-k;,q,,;,ti~ ~-a
the individwlt deu+~bed in and who exec~ted the foregoinp instrument, an~ acknowtedge~ ~efore me that 1hh? ~~7os~Sned tM lin1~ .~or tfi~ Rvrposes
r?,~~e„, .:a.~d. ~?~a rt» Luc i l le M. Have , wif e of the sa id Howa rc~ F." l~e~! ai~tn ' r~^
w~~~~ ~y~ Margaret Maley, wife of the said James R. Ma ey N:vp
y~n•~ ~,~•t•
exam~natiw~ by me take~ separat~ a~d apan from her said h~iba~d, acknowledged to ~nd befwe m~ that sM txewted, s~id ~~t~GrpsM Tie~ly~and vohr~-
~ rsnly ~nd w~thout sryr compulsan, corutraint, epp.eheruion, w fesr of w irom her tsid hus~y . ~ ~
g }
WITNESS my hand ~nd official ~e~l t??i._~~ d~y of V A.~S~.~9
. . . ' 1.. ~ .
!i
F! • , ~
? Notary Public in ~nd fw the St~t~ of F N lary~ ~
~
My Comm~uan ~ap'ucs:
Retv?~ Ta. 1'~01iry ~K. SU~E Of ~~i it ~
~ F~?u F.d.c.~ s+~~~• a to,~ k~«~~~~~+ FItEO AND RECOROED'
y tom:s+ssiop Ezp'aes Sept. 23, 19
~ of Fa~ v,erce. ST, LUCIE COUNTY, FLA. ~a...~,. wr.M. a.
~ Fort P~e.ce, flw~da n D
?1=.f:C`F. V= ~?Ftc
~ 1F8'757'
~ This instrument prepared by '68 ~Ul f S pM I: 2 8/~ ~,~p
~ First F~r~f Sev. a loan llssn. ' ~G'v~
Of f0~t PlefCe •z~ !r i- r.O~T~.,S
gy John W. Collins CL£RK CIRCUIT COURT '
aoo~ 172 P~2158
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sa`e:~~..~~a.
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