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To plac~ u+d coetinuovsly kaap on tM buitdinps now a I~~aftN sitvaN on s~id land and on ~II equiprrKnt and p~+son+lly cow?~d by this n+orq~
p~, with all pr~miweA thcreon paid in fui4 fin i~uv~anc~ in tF~ uiv~l i~anda~d policy fam, ~n a su~ approwd by tM MOR~GAGEE, and wir~htwen
inswM+c~ in tM uiwl uandard po1~q form, in • sum approv~d by tM Nk7RTGAGEE, in wcA comp~nY o? ca^W^Ia a M+~ MORT~sAGEE may
dindj and ~II fin and wind~twm iniuwe~e policKS on ~ny of fiid bUildilf~f. My (f1lKfft flMffM1 O? piH 1FIMlOf, M~ tM pp+p+te wm afayaid a
1~ ~xass ~hsrwf, ah+ll cont~in tM wwl sfandud mortyspM cla~ a iuth othtr clww a tM Mwtyayt~ n++Y n4uin. en+kinp t1» loss und~ ~+id PoIF
c;y, tach and ~very. p~rabt~ w ssid MORTGAGEE a ib in~erat may appNr, uid sach ~nd ~wry such poiicy ~hall be pramptty us:~ned u~d delivKed ~o
~ny heW by said MORTGAGEE a~ funha s~curity ro i+id maty~ debt, ~nd, nW les+ tMn tM (10) dayt in ~dvu~c~ of tM ~~ir~tion of ~ad~ policy. ro dr
I~ver to said AkORTGAGEE a rMSw~l thenof, toped+N with a nceipt for th~ pnmiwn oi avch ~soewslj and tMn shall b~ n~ fin a wi~dstam inwr~nc~ ~
pt~pd on ~ny of iaid buiWinpa. ~ny ioterest tMr~ie w pwt tFwrwf, unless in tM fonn'and with tM loss p+yabl~ as ~fw~~idr and io tM ~vMt any sun+
of mon~y becom~s paYabb w~ds~ wch polky a policiss sud MORTGAGEE sF~+~l haw th~ opt~on ro rouiw and ~pply tM sam~ a? acouol oT tM ir~bted j
neu ~cyr~d 1~N~by q to ptrmit said MORTGAGORS to ttctiw ~nd ua~ tt p ~ny ps?t thtreof fw orhe? pwposet, withoiit thereb/ waivin9 u impair-
inq ~ny pu~ty, lisn a ripht unde? a by vittw of this morty~ptJ ~nd in tM ~wnt wid MORTGAGORS sh~ll fw sny rtawn fai) to keep the i+~d pnm~+es to
in~ured. o~ f~il to d~liva promptly ~ny of said policies of ie~sunnt~ ro said MORiGAGEE, a f~il pranptly ro paY fvlty anr p~emivm ther~fw a in a~y
rospect fsil b pafonn,~dischug~, exec~te, ~fiect, compkte, oomply with u+d +bid~ bY ?his oown+N• or ~^Y Part M+eoi• said N?ORTGAGEE may pl~p ~nd
pay for wth iruu~anct w any part thKeof without w~tvinp or ~ff~cti~p any option, ~iN+. ~Qu~~Y. or ripht und~~ a by virtw of this Mort~sp~. ~nd tM
tull amo~mt of tach ~+d wKy ~vch Wymenl ~hall ~ immedi+tely dw +~d pysbb ~nd sh+ll bear inqrat kom tM dat~ the~eo( u~til paid M th~ ~at~ ol
nin~ p~r centum pK annwn ~nd lo9ethe~ with sucA intaest ihsll b~ s~cwed by th~ ~iN; of this mort9ap~. i
4. To pKmft, oo~nmit ar wffN no wast~, imps'ument w detKar~tion of ssid prop~rty or anY p~rf f1+~nof.
5. To pay all u~d ~inpular tMtoats, ch+rpes and ~xPe^ses, i^dudinp • r~+s°^+bl~ ~~°~"W's fae snd cwn oi •i,w~~.ct~ of titk. in~wred a paid at
any time by i+~d MORTGAGEE, becaus~ or ie the twnt of tM failure o~ the pan of tM said MORTGAGOR ro duly, prompty ~~d fi?Ily pafwm, d~sch~r~
execute. ~ffacb oompkt~. wrt~plp with and ~bKk by sad~ ~nd ~verY tM stipulataro. +greem~nts, condNiau, u~d oowninn of said promissory noh and thii s
matya~~ any o? eitha. ~nd said casts. charpes and expe~ws, tach ~~+d wery. shall b~ invnediately dw ~nd payabN: whethsr a ~ot tMr~ b~ eotici da
mu~d, ~tt~mpt to tolkct w wit pe~dleg; and tM full amovnt of exh ~nd every such PsYex^t sh~~~ be+~ interest from the dat~ tl+~reof untii pa~d at the
rate of nir~e per centum per annum; and all s+id c8sts, chsryes u+d expens~s uncunad or paid, toSptMr with such intenst, sMll b~ aetur~d by tM li~n of tlw
mortp~pe-
b. 7Mt (a) in the event of ~ny bresch of this AAortysqe or defs~lt on tht part of the MORTGAGOR, o~ (b) i~ tl+~ ~vent ay of said wms of mo~xy
herein r~ferred to b~ not promptly snd fully paid within thirty (30) daya next after the same severally become due and p~yable. without dem~nd w eotice.
or in tM tverll eath and every tM stipulstiom ~gresmtnts, cond~tions ~nd coveMnts of sa~d promisswy note and th~s mat~+p~ anr a ather m no1
iuly. prompty and fully performed, dlscharped, ex~cuted. sffecfed. compteted, complied with and abided by, tFwn i~ either w any svch went tM said ap~
~reg~t~ svm mentaned in said promiuay not~ ~hen rem+ininp unpaid, with interest scuued, and atl moneys secured her~by. sh~ll becom~ dw and p~y~
able forthwitl~, o? thereafter, at the option of sa~d MORTGAGEE, u fvlly ~nd canpktely ~s if ~II of the wid sums of maNy were wipinally stipulated
to be paid on wch dsy, anythirg in said promiuory note or in tha Mortysge ro tM contr~ry notwithstandinp; and thereupon w thereafter at the opt~on of
said MORTGAGEE. without notic+ w dsmand, wit at lawr or in equity. ~herefon or thereaf~er beguo, maY be prosecuted as if all moneya sscur~d he~eby
had matured pnor to i» institution.
7. TMt in the event that at the be9inning of or at ~ny time pend'mg aoy suit upon this Mwtg+ge, or to fweclose it, w to reform it, or to enfo?ce
payment of any daims Acrcund~?, s+id MORTGAGEE shall appty to the Coun hsving jurisdKtioo therwf fw ~he aFpo~ntment of ~ Receive~, such Cou~t shall
;u;:hwith ~ppoint ~ recciver of said mwtg~yed property all and sirgvlu, inctud~ng all snd singular ~he income, p?ofits, issues and revenues from wh~t~ver
soura derived, each and evcry of which, it beinp e:preuly understood, is hereby mortgaged ~s if specititally set fwth snd dewibed in the yranting and
habendum clauses hereof, snd s~ch Receiver shall F~sve all the bro~d and effective funct~ons srd powers in anywise entnnted by a Court to a Receiva, and
such sppointmsM shall be msde by s~xh Court as an ~dmitted equity and a matter of absolute riqhf ro taid MORTGAGEE, ~nd without reference to the
edeq~acy a inadequacy of the vatue of tlse prbpe.ty mwrgaged or to the ~o~vency or inwlvency of said MORTGAGOR a ~he defendann, and th~t such
renn, profiri, income, iswa and reve~ues sh~ll M applied by such QeceivK accwdinp to tM tien w equiry of said MORTGAGEE snd the p~actice of such
CouA. ~ .
8. To duly, promptly and fully psrform, discharge, execute, effect, complete, comply with ~nd ab~de by each arid every fhe itipulations, agreamer?b, ;
conditions ~nd covcnants in said promissory nob ~nd this morig~ge ut fwth. ;
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9. That In th~ event the ownership of the mortga9ed premises, a any part thereof, becanes vested in • pe?son other thsn the MORTGAGOR, the ~
MORTGAGEE, its succeuon +nd sssiyns, may, wi~ho~t notice to the MORTGAOR, dea~ wifb such succeasw or svaeuw in intereaf with reference to this
mo.~gaye and the debt hercby secured in the ssme manner u with Mortgsgw without in a~y wsy vit~ating or discharging the Ma~ysgon' liability herr ~
under or upon the debt hereby secured. No ssle of the premises hereby mwtgaged ~nd no fwbearance on the pan of the MORTGAGFE or in successon
or assigns and no cxrension of the time fw the paymem of the ~bt hereby secured given by the MORTGAGEE or in successors or auiyns, sh+ll operat~
ro releau, d~xhuye, modify change o~ effect tfie original Iisb~Gry of the MORTGAGOR herein, either in whole or in part.
10. It is specificslly agreed that time is of the euence of this contrsct snd that ra waiver of any obligaYwn herevnder or of.tFi!'idb!{aation se-
a,red h~reby shall st any time thereaher be held to be a w~iver of the terms hcreof or of the instrumeM secured herby. K u.
11. ~n addition to the fw o: monthl nb of ~nc: 1 and interest r uired the omi note secured hereb ~Mf~
~9 ^9 Y WY~ P? PD ~9 bY P~ ~~Y Y' ~~M~tf
and agrees to pay to mortgsgee with each monlhly payment an ~ddirionsl sum estimated by mortyagee to be equal ro 1/12 of the anntpl ~f,'~~F tht fdlO~w
irtg: ti .,j ~ .c r~~ ~1 ~
A-All real property uxes levied w assessed agai~st the above desuibed real estate. Y;~ S ~ _ ,
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B-Premiums on fire snd windstorm irtsw+nce as herein requ~red to be orried on the improvemenh aitwte on the sbp1J~ ~ pr~` = ~
C-Premiums on such mortgage guaranty insuranct as mortgagee shall from time to time deem fit to urry on the b~i11 ~1~~~~~a~k~~ -
1Nortgagee shall from time to fime notify mortgagor in writing of the amaint dve and paysble here~nder and suth aepa_t~af~ tkq. ~~61 ~A and:"
I' payabk on the due date of thc next monthly payment and each successive month theresfter urtit mort9agee shall notify mortys~or ~'i~~yl~in urch~ '
! amount. Such sums shall be +pplied by mwtgsgee toward the payment of real property tsxes, inwrance prem:ums, and mwfga~ pw~aMp~irourance ~
i premiumt. . . , t
~ IN WITNE55 WHEREOF, the said MORTGAGOR Ms hereuMO set his Fwnd uid sesl the daybsnd ear t ~for ~ ,,y
~ led • li ed In tM p~esence of: • •
By; , reside t~
A n
Attest- ecre ~
E ! - reas er
rc' `n
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STATE OF FLORIDA COUNTY OF ST. LU~IE ~
1 HEREBY CERTIFY, That on this day of , A.D. 19 6S ,
before me personally appeared F red F. Adaas a~ J. W. Dickson
respectively President and Secretary T reas urer of ~
D.A .D. , I nc . Flor ida ,~fp~~ti~iS~, me
~ ~ a . . • - ; • ' ~
~ known to be the persons described in and who executed the foregoing instrument, and severolly jcknpvVfei~ged~the exe-
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3 cution thereof to be their free ad and deed as such officers for the uses and pursoses therein mErttio?x~i; an~4 ihat ~.they
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~ affixed thereto the official seal of said corporation, and the said instrument is the act and ~~of,~ said corporotioh~
~ WITNESS my hand and official seai at Fort Pierce , said county and stafie'' ~
~ . , • .
.1
~ Notary Public, in and for State and ~ounty eftlreseid.
~ FIIED ~NO REC~D~°~'mission Expires: p~. SUte of Flaidt ~t larN
~ ThTs tnstrwnent prepa~~d bt ST, LUCtE COUP~TY, FLA. 1~A1? Com~s's" E'~p'ra Se~. 2;• ~~9
~ :_~n~:.. ~..~w~,w.....rr.at....wc..
~ First Federat sav. ~ Laan ns~n:
~ of Fort Pierce ,
tr,
B J. D. Chastain ~ ~ 5 Z$
~ ~ 1F8'75~
~ ~a~ ,!?c~ a ~r,~~~~ eooK 1~ P `
~ ~ ~i_~-~iti ~.;~:r~,~.- ..~'JRT - ~`f'
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