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1. To plso~ and continuou:ly k~ep on th~ buildirps now w Mr~~her Ntwt~ on said laod ~nd on all equipm~et and p~non~lly covK~d by thi~ mort¢ ~
p~. wi~h ~II pren+iuMa ~Mreon paid in full, fin ir~sur~nc~ in tht uiwl standud policy forrt~, ~n a t~m approved by tFr MORfGAGEE. ~nd wind~ro.m ~
tniww+a tn tM uswl Nand+rd pol~ty form. tn a tum approved by tM MORTGAGEE; in sucA comp~ny q cornpao;p as tM MORTGAGEE may
dinclj ~nd ~II ik~ and windsrorm intwanu policiq on a~y of said buildirgs, ~ny intenst fhx~in a part tMrwi, tn th~ +p~re9ar~ wm ~fa~said a ;
In ~xoea tM?wf, aMll contain ti+e wwl ~t~ndud ma~p+yN clsvse w iuch othK clsus~ ~s tM Mwtysqet may rpvi:~. enakinp the loss under s+id pot}
cia, ~ach and ~wry, p~yabk fo said MORTCs/,GEE as in iroerest m~y ~pp~ar, and ~ach a~d every iuch policy ilull b~ promp!ly ~u:9ned u~d d~livK~d to
any held by s~id MORTG/?GEE a ivrthN s~cv?ity ro said monpag~ debr, and. ~wt less thaa ten q0) day~ in ~dvu~c~ of tM ~zpir~tan of exh policy, ro dr
tivK ro qid N10RTGAGfE a r~wai fMr~of, foptfMr wirA a reteipt for rM pr~mi~wn of wth rsnewsiJ snd iher~ shall b~ no fi~~ w windstam insvr~
plapd o~ ~ny of said buildinpa, ~ny interqt thK~io or p~rt thK~of, unless in tM farti and with tM los~ p+y~bte ~s ~fwesaidj ~eid in tlw twM any suen
of mor?ey bacoreNS p~yabl~ u+~de? wch policy a polici~s s~id MOR~GAGEE sMll Mw tiM option ro recYiw and apply th~ sam~ on ~ccount o~ tl» indebted~
ntu stcvrN! F»+~by w ro permit s~id MORTGAGORS fo reteiw ~nd w~ it or any part thereof fw othcr purpo:es, witiw~t thrrob~ waivi~y a ~mpair-
inp ~nY puiry. IiM w riyht w~d~r or by Wrtu~ of this mortyay~: and in 1M ~vent said MORTGAGORS shatl fw ~ny reason fail to keep tM uid pnmiset to
inavnd, w fait fo detiver promptty ~ny oF aid policip of insursnca ro s~id MORTGAGEE. or fsil promptly to p+y tully any pr~mium tMrefc~ p in an~
nspett fail b perfan~, datMr~, ~aecut~, effM, complet~, oomply with and abid~ by this covenant, p any pa~t hereof, said MORTGACaEE may plact and
paY fa wd? 4+w•.nc~ w•nr p.~ ~h.reof wiN+ou~ w+tv~,p a affectinp ~ny optioA, Iten, ~qvity, or ryht uoder o? by vi»w of ~hii Mort9pe, u?d tM
full amovn? of ~ach ~+d wKy such paymam sh+ll b~ inunsdiately dw ~ed p~yaW~ snd aFytl besr inMest from tM dat~ tl+~rwf vntil paid ~t th~ r~t~ of
nirw pK pn~wn pK ann~m a~d toyether with uxA tntaest sha11 be secured by tM li~n of this mwtp~pe,
4. To pKmlt, cannat a wffa no w+st~. impairmee?t a deteriwatan of said property or ~~y put thereof.
S. To p~y ~II uid unpular th~ tosts, cMrpes and expanies, includirq a reasoeaWe attorntry'i fee snd cosn of absnxts of title in:un~d w p~id st
~ny tims by said MORTGAGEE, Muvs? or in the ~wnt of the failuro on the p~n of tM s~id MORiGAGOR to doly, promptly ~nd fully perform, d~uhargR
execvte, ~ifed. oompkt~. complY with u~d abide by each and every the stipulaYwns, ~y~eemeny, conditiora. snd ooven~nn of said promiswry noe• and thit
mwtyape any or eitl+e?. and sa+d oost~, rhuqes and expernes, esch and every, shall ha immedi~tely dw and payables whethe? a not thKe be notici da
mand, anempt ro oollect w wit p~nding; and rhe futl ~rwunf of each and wery wch paymem shall bea? interes~ from ~he date therwf until p.id at fhe !
rete of nine per centum psr annum; and aU said cdsn, cAaryrs and expenses incu~red o? paid, tope~he? with such int~rest, shall b~ sacwed by tM IiM of this
n+exty+~e• -
e. llwt r~) in th~ ~vent of any breach of this Mortqa~e o~ default on ths pah of the MORTGAGOR, or (b) in the ~vent aey of ~sid sums of mon~y
herein r~fsn~d to be not promptly and fuly paid within thirty (3p) days next after the ssme severalty become due and payabk, wtthout demand w notiu,
or (cJ in tM ~veqt each and avery the stipulations sgreame~ts, cond;tiau ~r?d cwe~+eta of sa~d promiuory note a~d this mwtpa~e any o? eitha ~n nol
iuly, pomptly a~d fulN psrformad. discharged, executed, tffected, completed, complied with and abided by, then in either p any tuch ewnt tM s~id ag
prasat~ wm m~ntionad I~ said promiuory note fhen remslniny ~npiid, with interest xvued, and all moneys secured herebY. shall becane dw and p~p
ab1~ forthwitA, w theteaher, at the optio~ of said lNORTGAGEE, ss fully and tompletely as ii ~II of the said wms of mor?ey wer~ oripinally ttiputafed
to be p~id on such d~y, anytfiu~y in said promiuory note w in this Mortgage to the contrary notwifhsranding; and thereupor? w there~fter at the op~ion of
s~id MORTGAGEE, without notice p demand; suR at law a in eqvity, therefore w thereaiter begun, may !x prosec~ted as if all maKys secur~d hereby
had matwed prior to iri institutian.
7. That in tM event thst st the beginning of or at any time pe~d;rg soy sv~t upon this Mortgage, or to foreclose tt, or to refam Ft, a ro enfwq
paymenf of anr claims hereunde?, s~id MORTGAGEE shall apply to the CouN havi+g jurisdictior~ thereof fo? the appomtment of a Receiver, such Couit sh~ll
fut6with sppoint a raeivar of uid mortgaged propcny sll aod airgular, intludmg all snd singular the iricome, profib, issues and revenues from whatever
sowu derived, exfi and every of which, it being exp~essly unde+stood, is hereby mortaaged as if specHicalty set forth ~nd desuibed in tt+e ~rantinq and
hsbendum clauaes hereof. snd such Receiver shall have all the bro~d and effective f~nctiwn and powen in anywise entrusted by • Co~ri ro a Retciver, and
such sppointmenl :h~ll be made by such Court u ~n admitted eqvity an~~a mitt~r -of?ibscfvte-,~iphtcfA said MpRTGAGEf, and without re/erence ro ths
•dequ~cy or inadequaty of the vat~e of the property mortgs~ed or fo the sonrency w inso'IVency of said MORTGAGOR p the defendann, and that such
renn, profits, incane, issues and revenues shall be applied by such Receiver accwd~rg to the lien or equity of said MORTGAGEE and the prsctice of sucA
Couri.
8. To dvly, promptly and fully perfwm, diuharge, cxecute, effect, compfete, comply with and sbide by each and every ths stipulations, ~greemenn,
conditions and covenants ~n uid prortiuwry note and this mortgage set fath.
9. That in the event the ownership of the mwtgaged premises, a sny paA thereof, betomes vested in a person other thsn the MORTGAGOR, the
MORTGAGfE, hs succeuors and suigns, may, wifFw~t notice to the MORTGAOR, deal with such s~ccessor w svccessor in interest with refcrence to this
mortgape uid the debt hereby setured in the sart?e msnner as with Mortgsgor withouf in a~y way vitiating a diuharging the A!ortgagors' li~bility F~ere-
under or upon the debt hereby xcured. No sate of the promises hereby mwtgaged and no fo.bearance ort the pan of the MORiGAGEE or i~s succcssors
w auig~u and no extension of the time for the paymcm of the ~bt hereby secured given by the MORTGAGEE or its s~ccesson or assig~s, sfia11 operate
ro releass, distMrye, modify change or affect the orgina) liability of the MORTGAGOR he~cin, eitFror in whole w in part.
10. h is spetiftcally agreed that time ia of the essence of this contrad and that no waivtr of any obligation herevnder or of the obJigation st
n.red hereby aMll at sny Yune thereafter be held to be a waiver of the lerms Ixreof w of the instrumeM secured herby.
I1. In additwn to the faego:ng monthlY paYments of princ:pDl and interest requi~ed by the prom~ssory note secured hereby. mortgagor covenants
and agrees to pay ro mortgsgee with each monthly paymeM an sdd~rionsl sum estimated by mortgagee to be equal to i/12 of the annual cost of the iollow-
ing:
A-All real property taxes levied w auessed agai~st the above deuribed real estate.
B-Premivms on fire and windstorm inwrance as herein requ~red to tx carried on the improveme.~ts situate on the above described p?emises.
C-Prcmiums on s4th matgsge gwnnfy inwrance as mortgagce shall from Nme to time deem fit to carry on the loan secured hereby.
1Ybrtgagee shaH from time ro time norify mortgagor in writirg o/ the amouM due and payable hereunder and such s~m shafl thereupon be dve and
payabte on the due date of the next monthly payment and each successive mo~th thereafter until mortgagee shal) notify mortgagor of a change in such
amount. Such wms shall be applied by mwtgagee toward the paymem of reat property taxes, insurance premtvms, snd mortgage guaranfy insurance
prcmium~.
IN WITNESS VYHEREpF, the said MORTGAGOR hss hereunto set his hand and seal the day and year fint aforesaid.
Seakd ii in the presence of: ^
~
•n
Seaq
(Se+~ !
STATE OF FLORID/1 ~
St. Lucie u-
coun~n oF - -
before n~e peoonallr ~ppes.ed Alfred H. Sigg -
Louise D. Sigg h;, W~r~, W~n i 1~n~r'o•~e ro b.
the indiridwb described in and who executed the fore~yoing insfrum~nt, and adcnovrledged befwe me that they exec~l~•s~h'15'1q:N(e~ppe~
therein expressed. And tM Lou i se D. Si gg _ {
Alfred H Si ~ . " ~
wife o4 tFN said • 99 ` : ~rpo~ • ~ep~raf~ aid pibat~
exsmin~tan by ma t~ken scparate ~nd apart trom her said husband, scknowledged to and before me that she e:ecute~ said in#ji(r,it~ye-{r~e(Y ~d y~~rt,
tarily and witlw~t a~qr compubion, const~aint, apprehension, w feu of or from her pid F~usband. ' ' • :
WITNESS my h~nd ~nd officisl seal thi: day of .~Lil ' ~
ot ry Public in and for the State'
oi,~, . tii1 lara~-
FllEO AND RECORD~D m~sswn ~X~~es:
Retum Ta.
f"'' F'd"'i s°"'"g' a~^ ^s~«~at~o^ ST, LUCIE COUNTY. FLA. State of Florid~ n lu9e
Of Fort Pierce. i~ A!'` r}~: r- p ~'r Commission Expires Sept. 23. 1969 '
FOft p1lftl. Flwida 6ce'ed br A~er:_sn fiis b Catwhr Ce_
~ isq~_~~ ~
This insfrument prepared br '~8 Jll~ 30 AM IQ : 36 .
First Fedetal Sav. b lflan Assn. -
f F pi rce i:l)~:E?: i•Q~~Ft:.S
~y CLERK CIRCUtT COURT ~
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800K~ ~ PACE~~
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