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S. To pbo~ ~nd oaninuowly k«p on tiN butWinps now « M-Nf»~ ~tn»t~ on s~td land and on at1 ~qutpnwnt «id wnoMtN aov~r~d by tAt~ ma1P
p~, with ~U pwnhmt? ~henon pad in full, fin Insuranu ~n tM ~wal s~andard polky toren, ~n ~ wm sppowd by th~ MORTGJ?GEE. u~d vv~r~~onn
In~w~na In tM uswl ~t~ndard polity foreh, in • wm approwd by 1M MORTOAGEE; M wch canpany or companfa a tht NIORTOAtiEE may
dincq N+d ~il fin ~e?d wind~wnn kawana polici~s on any of wid buitd~np~„ ~ny Ml~st tMrNn w part thNwf, in tM apprp~t~ wm aforaaW or
h~xaa N~wf. ~Mll oontaln tiw uwal at~++dard mwtpapN d+w~ or such otl~ d~ a~M Mat~a~ m+r nqu~n._ m+UnO tty losa w~ ~aid Polh
dw. ~ch M+d w~y. WY~bN to aW MORTGAGEE at ib interqt m~y ~ppsar. ~nd Nth ~nd ~wry wd~ ~I(ey th~U b~ pranptly its:qMd M+d ddiwnd M
.nr h.td b~r ~td N10rtTGAaEE a turrMr s.axiry w ~aid moNpsp. d•bf. a+d, nw f~u tMn tM (lq d+ys In dv+nq oi th~ ~xpiratbn of ~acA policl?. to d~
Uwr to wid MORTGAGEE ~~w~i tMr~of, Mp~thn with ~ raqi~q tor the pr~eniwn of wch r~wd~ and tMn ~MII b~ eo fin a wirds~am Maurana
plaad an ~ny ol ~aW buildi~+y~, aey interat tMrNn ar pnr th~not. unlas in rM ~onn'~nd with th~ !w~ payabb a afan~idt +~+d M tlw ~wet any w~n
of mor~Y baoma p~yabt~ veda wt~ polky a polkip wW MORTGAGEE sh+N h~w IM option to naiw and apply tl» sM?w on aeoouM o~ tM ind~bt~
nq~ ~~d h.r~by a w p~inat said MORTGACORS ro naiw u~d us. k or •ey pu~ ther.of iw o~he?. pwposa, witiwW thKeb~ watvtnp a impatr-
~+~Y ~h. ~i~n ar ripbt ~x~ or by vittw oi this mortpap~J ~nd in t1M wa~t Nid MORTGAGORS shall fa ~ny rwson fail fo ks~p tM NW pnmisM so
Maw~d. a f~tl a d~pw~ pranptty any of ssid pol'Kip of insun~u M s~id MORTGAGEE. or f.i1 promprly to P~r w~~Y ~1? P?~miwn tMMfa oF in ae?p
nip~el fail b PMfo~n~, di+eha?~ ~x~a~tb ~ff~et. eanP~. ~+P~Y with ~nd ~Wd~ by thts aovawnt, a a»y parl F~nwf. s~M MORTGAGEE m~y pl~a ~eid
wr k. wd~ ww~.ano. a anr ~~,...of w~ho~ w~fvM~p a ~ff~dinp oWioe~, IMn. puiry. w ripM w+dn a by vt.tw of rNs Morq~p~, Md Me
full amowa of Nch and rwry wch p+yewm sMll b~ M~wdiahly dw ~nd payabl~ ~nd sh~q bw? tntKat from th~ daM tlNnof untll p~id at :Fr nt~ o!
niM p~r anMn pu amum +nd fayetiw~ wNh aid? 1r~tN~st shall b~ wcur+d bp Ih~ lia~ of ti~ mortQsp~.
1. To p~nN1, oo+nmil or wffa no waNr ia!p~knKnt ot d~tKioration of said propKhr o? aeq? prt tMnof.
S. To pay aU and sinpular tM ~ooab. tl~rp~s and ~xp~n~a, i~xludinp ~~eawn~bN attwe?~y's fee and costs of absNadc of titl~, M~cwr~d w p~id d
~e?y tMN bp ssid MORTGAGEE, b~taus! or in th~ ~vM+t Of tM 4ilun on tht parf of th~ said MORTGAGOR to duly. pron+Qtly and ~ylh P~famL d'aehu~t
ez~cv?~, ~ffec~ comdet+, eaeplY witb ~nd abid~ b~? Nch and wKy tM st1Pd+Yans. +~~en~eML oondttlons. ud oown~ntt of uid praniasory no~e snd thi~
Rart~+p~ anf? o~ NtM?. a~d srid eos1~, d~rq~ and txp~eres, ~ad~ and ~wry. sh+ll b~ irtwrodiately du~ and p~y~bl~i wMt1+N a nol tMh M notbi d~
m~neL ~~o eoif~d w wit p~dinpi ~nd tM tull anau~t of ~ach and ~y wd~ payma?t sh~ll b~a inMretl fran tM d+h th~rsof a?tii paid at tM
raa of nin~ ptr antum p~r amurns and a~I,~W. o3sn, dwr~ss ~nd expNUes Mairrod ar paid, top~~l~u with such i~?taat, ~hal) b~ aetured by th~ li~n d tiw
^~wrlyap~. • •
d. '~'b0 fe the went of a~y bre~ch of thi~ Morqay~ or defauh on tM paA of ths MORTGAGOR. • w(b) in tl» w~nt ~r of wid wms of ma~
h~nin nhrnd w b~ no1 pron+p~ty aed fuly piid within thi.ty (30) days rwx~ afro~ tl+~ same sswr~ly becan~ dw ~nd payabl~. vvitMut d~nnnd o. notice.
or (d in tM wMt esth ~d wWy th~ stipulatioeK„ ~prwnann. condt~ions and oown+nts of wid promissory not~ snd tlw nwrtD+ye +mr a tirMr us na1
iuM. P~+P~~Y ard fulh P~oan~d distl~rped, txawted. ~ffttted, compkt~d, oqmp~i~d with ~d ~bided by. 1Mn in titMt or any auch ~wnt tM said ap~
0~1~ wm mantia~! ln qid promisso~y nob tMn nm~inin~ unpaid, with intensf aoaued, ~nd all mon~p s~cvrcwi I~~by, sMfl b~own~ dw ~nd Wy~
abb fortMvilh, w thK~afta. ~t th~ option of said MORTGAGEE, u futly ud coenpl~tely ~s if all of tM said wms of mon~y wer~ or;pinatly stipul~hd
ro be Wid on such d+y, anylhinp in s+id Womistory nota or ie this Mwtpays to th~ contrary notwithstandinpt ~nd ther~upon a thertahu at tM option of
aid MORTG/1GEE. wiThout notia or d~mand, wir at iswr w in puity, therefan or tt+ereaNer ma b~
h+d malwed pr'wr to ib k~stilvtion. ~~1r Y P~~+ted as If all mwky~ ~turd Mreby
7. Th~~ in th~ weet tMt at tM bs9inninp of w~t any tim~ Pe~d'i~g aoY wit upoa this Mat9~pe, w to farectose ir, o? to reform H, w to ~nfora~
payn~m of a~r d~~ms herwndw, said MORTWIGEE shail spply w the Caxt Mving jurisdiction thereof for tM appantment of a Reccivcr, svch Covit sAa11
forNiwith appoint a r~tsiw~ oi ald nwHpsysd piop~rty afl ud sinyvlu, intludirg all and sinyvlar the income, profits, istws and revei+ues frwn wMt~vK .
~ar?a daiwd, each and wery of which, N beinp expressly undKStood, is I+ereby mortya~ed as if specifically set fath and dKCribed ~ tht 9ra~ti and
^p
h+b~ndwn d+~s~s Mroof. and svch Reo~tver shall haw atl the broad and effectiw functiorq ~d powers in anyw;se eMrusted by ~ Carrt to s Receiver, and
wd~ ~ppotntm~m slwll b~ e~ads. by sucl~. Court u an ~dn?ined eqviry a~d a mattar of sbsolut~ rigM to wid JNORTGAGEE, ~nd without nference to th~
~el~quacy a iewdeq~acy of ~h~ valw of tlK prbperty mwtysped or to the wlwncy a;esolvency of ssid N~ORiGAGOR a tM defandams, and tlwt wd~
r~nt~, profiM. incarw taues aw! r~wnues ~II bs applied by svch Recehet accordir+y to the lito or puiry of a~id MORTGAGEE aod th~ practioe of wd~
Gowf. -
e. To d~y. wo~ty .~+d t~iy a.t«m. d'ad?.?~.. exanm, e~ten, oo„wkK.
co~dition~ ~nd oovsnann in wid promia~ory not~ and th;s mort OO11P~Y with'snd abid~ by each u~d ~wry tl+e stipufatiaq„ ~preemsMS.
paps set forth.
9. That fn the rwrn ths own~rship of tM mat~syed premises. w~ny parf thereof, becanes vesttd in a-ppaon othx th~ the JYIORTGAGOR, tl+~
IIhOk?W?GEE,. hs wcuswrs a~nd auip~s, may, wirl~oirt norice ro tF~a MORTGAOR, de~l wirh wch waesso. or suocessor ;n interesf vni~h .efe?e~ce to this
mortpap~ u~d the deb Mreby sta?rd in the same manner ss with Mw?gapor withovt in any way vhiafinp a discMrpin~ ths Mortpagors' IiaWlity h~rr
w+der or vpon tM debt her~by ~cured. tdo pls of the premises hereby mort~~ed and no fo`rb~arance on tM pan of the IY1pRTGAGEE a its wcoesson
w usipr?s and no extensian of th~ time for the payment of the debt hsreby secured given br thi AAORTGAGEE w ifs woeesso~s o~ assiynt„ ahal! apu~~~
ro»ka~ d~rrpR, nadify chan~e w affect the oriyinal 1'ability of the MORTGAC~OR h~rein, eithet in whole or in p~rt.
10. It is ap~cificaly agreed that Yan~ ia of the essence of this contr~ct and th~t no wsiwr o( any obl'gation hereunder ar of th~ oblipatio~ is-
a:rod h.r.by ~all ar unr rime rheroafi.r b. heW ro be a waiver of tfie tsrms herwf or of the instrument secwed hsrby, .
11. In addition to the fwe~a montitly payme~ts of Rrint:p~f and interest required by ?he promiuory oote secured herebY. mwtgigor cov~nany
snd ~pre~s ro pay to morlqa~i ,~rif~i~al~ monthlY pd~eid ~n ~dditiona{ sum estimated by rtanyapee to be eqwl b 1/12 of the annual cost of tM follow-
irg:
A-All real Prop~n'Y N~s Jw~ed a~sed aQsii~t ths ~bow dlwibet~ ~eal est~te. • ~
6-Pramiums on firo snd windstorm inwrsnce as herein requ~red to be urried on ti~e improvernents sitwte on ths sbpve described pemyes,
C-Prsmiw++s on syc~ ~ya~e~ P,w~`anty insur+nce as morrgsyce shall from time to tirqe deem fir on rhe I~ secwed hereby.
Nb+t~aape~ shalt from time ro tune not~fY mortgagoi in writing of The amount' due and paya~k her ~ ar~ s'ucf"i~ wm`~shall thereupon be due ~nd
paY~~ due d+te of the ne:t monthlY payment and each s~aessive month thereafter uati! mortgayee sha!! notify mortgagor of • char~ye !n wd~
amount. Svth sums ahall bs applied by mwtpspee toward the payment of real properly tsxes, iruwsnce premivms, u~d mor~yape ~uaranty it?sutanct
t
IN WITFfESS ,.2~e ' AAORTGAGOR has hereuMO set his h~nd and seal the day and ytar fiint afwa~sid.
\ s+~,.~, s.,i. d d liq~ N~
. ~~-ri•~.o~ ~.,t~.G~Y'~~ ,r.., .
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STATE Of FLORIDA ~
$t . T.ttiC~•
COUMY OF _ , _
adar +nr p~noeaqy.pp~and B~? Bullfs a w~dOw .=tr
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~L~, to m~ well known .rw! knowe to m~ to
tM idivtdwb d~w~d in «~d who ~x~a,ted rM f«epoinp instr~rr~nt, and ~dcrwwk~d b~f«e m~ that tlMy ~x~a,ted th~ s+nw fo? tM purpow~ ~
M~~in ~xpr~~d.
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v~mNESS enp h~nd .ed offieia~ .1.~. ~ d,~, of Itu ust :•~~iAl~~ 19
6-.-,.:~
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Notuy Publk in ~nd fw th~ Stm of fld/'~ ~t 1arq~ ti
1Ny Comrtussion sxpi?p: : h ~ -
IrilArn 7os ~ . ~ , i .>',c.1. , . ~ :
wu ?.d...~ s.~a a t~o,~, ~,~~w? FIL~D W~~D ?RECaR0E0 M~Y( Ct~Cw~iusS~p~ETi~s~ ~
~ fO" P""`• S7. LUCtE COUNTY. Fl.A. so~so ~waa~ ~R~o ~r. a~l~*'k,~
o~w fi._r
~ P».~. Fi«~a. RF~b~~~~FIEO . . <
~ ~~-r.~.i~i~.-~ , e y. • ~
, ' a'' ~w~;_1..1
This ir~ment prepsrtd b~r '6$ 114~r 27 AM (Q : 57
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First Federal Sav. i lo~n Assn. ~
~ E~~~~!~ ROvER ?OITRI.S
~ CLERK CIRCUIT COURT
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