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To pt+o~ and oonHnuowh IcMP an Mt buildin~ now a Mrwit~r ~i1vaN on saW land a+d on ~11 putpen~nt ~nd pKwn~~M aow?~d b'1? thi~ ~wrq~
~p~,, with ~II prtmi~.rt tM~~ p~d in full, fih irawanp h tFw uswl standwd Polk1? ~wm. In a wm approwd by clw MORTGAGEE. ~nd windttam
kKw~+a h tM wwi ~tandard polic~? fanb M a swn +pp~owd bl? th~ MORT~3AGEE. in wch con~any a oomp~ni~a +a tM MORiGAGEE nNy
dlnp~ and all fin and windswrm kaw~na polfci~a on +nY of said M+lWie~: any MNa~at thaNn or p~rt tMrw1. in th~ pprpaf~ wn~ afaaaid or
In uoo~a 1Mnof, sMll contah th~ uswl atandard monp+pN dauN a wdi alwr da~ a th~ Morp+DN m+Y r+V~~. ~D ~M loss uad~r saK! po1F
cia. wch snd ~wry. P+YaW~ b wW MORTG/WEE as ib inNnat m~y ~pp~ar. and ~ad~ and wKy wd~ policy sMll bt P~p++P~b +s+:peNd M+d ddiwrad to
any Mld by wtd MORTGAGEE a fwtha a~c~xity ro wW mo~tp+p~ d~W. and. no~ leu tMn »n (10) days h~dvano~ of tM ~xpiratwn of ~ad+ polk~r. to d~
SIw~ b wid MORTGAGEE ~ r~ntwal tlKrwf. wp~tMr with a?~a~pt fo~ tM prwniwe of wth neww+lt and tMn sMll b~ no fin a wi~dttorm inwr~na
plaad on ~r of saW Miildkgs, ~ny intaat NNr~. a put tMrwf. unt~ss in th~ form and with tM loa p~ysbl~ u ~fonsaldr and M tM ~wM any wm
of mp~r b~oon~ p~yaW~ u~da wch polky a policl~s Mid MORTGAGEE sh~ll !ww th~ option ro~sceiw a~+d apply th~ a~ on account of tM G~deW~d~
,~s s~cw~d hu~r a a pKmit s~id MORTGAGORS 10 ?~aiw and w~ N a~ny part tMrwf fa orher purpaes. w~~hou~ ~hx~by waivt~g w imp+ir-
k+0 +~+Y ~h. I~n a~ipht ~x~ or by viNw of thh monpa~l ~nd in d+~ wMt wid MORTGAGORS sFwll fa any nsson fail w ke~p tM wid p«nisa so
Mavnd, a f~tl to d~UvK promptlr a~y of s+id Polidt+ of inswanc~ to s~id MORTCsAGEE, w ta11 promptly to pay fully ~ny pnmivrn thenfw w M ~ny
r~sp~a fail a pKfonn, diuhar~e. ~x~cut~, ~fhct. comPl~b. aomPh? with and aWd~ bY thb covanant, a any put M?~of, aW MORiGAGEE may pl+o~ +~d
WY Mr wd~ le~wanc~ or aiy? part ttwrwf withow waivinp or ~ffMinp +n~l aptia4 ~W?ity, or ight urwlK a by vlrtw of ~his Mo~t~+pe. and tM
full ~na~nt oi wth ~nd wKr wd? payn~wN sh~ll b~ Nnn«iiat~ly dw +nd p~yabN and sMll b~ar intKest hom tIN dat~ tAetaot until pak! at tM ~sN o1
nin~ p~r antwn pw atrwm and topethes with auch httrast sMlf be secwed by tlw tiM of thi~ mwt~p~.
4. To pnmly aonunlt or wffK oo w+ste. imP+irm~~t or det~rioration of said prop~rtr w ariy pwt tMncf.
S. To ph? aN ~nd skqvlar tM cas~s. c)w~s +^d ~xA~ti ~dud~+D a nason~bM +ltorn~Y's fee and oosts of ~bsaach of titk, irKVn~d or pakl st
sny tim~ b~t s~id MORTGAGfE. b~cws~ or b th~ ~wM of th~ faihx~ on th~ part of the s~id MORTCsAGOR b duly. Mc^?W~Y and fvl~p P~rfonh. ditcFwp~
~xe.vt~, ~ff~ct. oon+Ptsty aomplY with and ~bid~ by ~ach and ~wry tl+e stipulations. +yroeme^ts. oa~t~ab. snd aownants of said promissory ~ and tAa
monp+W +~r or ~itMr. and ~aid ooa~s. dWr~s and ~xpKw~, ~ad~ and ~wry, sMll b~ Imnadiat~ly dw and payaW~t whethK w ewt tl+K~ b~ notic~ dr
nwd, atNmpt to aoiMct or su11 p~d'irgt ~nd tM full ~nwvnt of ~sch and w~ry wch paYmeM aMll bN? interM fran tM dat~ fMreof witil p~id at tM
r~re of ~ p~t ae~n pa anwms u~d all said acsta. dwy~a and ~xp~nses incwrd or paid. topNh~ with wch inhr~at, s!?all b~ aecund by tl» IiM of tlw
morlO+p~. '
b. 1'h~t W in tM wa~t d any br~ach of this Mo?tp+p~ w defwlt oo the part of ths NIORTGAGOR, or (b) in the ~vent any of aid sums of o+on~y
henin nfKtid to b~ no1 promptly ~nd fvlly p~W within thirty (30) daya ~ext after t}?e s.rtM severatly b~coms due ~nd payabl~, wNhout dem+nd or ~otia.
or (t,l in th~ wc~ Nch and wtry the stipulatioen„ agn~manft. oorwlita~s ahd oov~n+nn of ssid pranissory note and tltis mortQ~ any a? eithu an no1
iu~Y. P~~P~Y wd fully perform~d, d'acFwry~d. ~x~a+hd. ~fhcNd eanP~thd. compli~d with and abided by, tl~ in ~ithu ot a+y wch ~wnt tht wid ap~
prey~tt wm m~ntion~d in wid promiswry noM tlien nm~ininp ~^W~d. with tntKest +arued. ~nd all moneys secvr~d h~~~by, sAall beoanK dw ~nd p~Y
ab1~ fatMvith, o~ tlwtafia. at the option of said MORiGAGEE, as fvlly and oompl~tely as if all of tF+e said wms of mon~y wer~ aipindly stipulated
to be p+id on wd~ dsY. snpthinp in ssid p?omiswry oot~ or in this Morl~ap~ ro the contruy notwithstandinp; and the?eupon a thsreaher at tM option of
said MORTGAGEE, without ratics o? dNnand. wH at law w in puity, tlier~fon w tF~eaher bpwb may b~ proaecut~d as if all van~yt s~wr~d Mreby
had mihNed prior ro its instifutiof~.
7. That tM we.?t that at the b~ginning of o? ~t s~y time pendiny any wit ~pon this Mo.t~aye, or to fweclwe N, w w roform It, w to enfwa
psymenf of sny claAns herwnder, wid MORTGAGEE sh~ll ~pply to the Court h~vinp jurad~crion thereof for tM appanmisM of ~ Raceiver. wch Cowt shail
forthwith sppoint a?eoeiver of s~id malg+y~d proparry ~II u?d sinpulu, iacludug all and unpular the income. profits, iswes and nvenues from whalw~?
aowc~ dwived, each uid svery of whicl~, it beinp expres~y undastood, a hereby matgaged as if specificatly set forth and desuibed in tlw ~rantirp and
hsbu~dwn cla~nes hereof. ~nd such Reoeivtr sha~l haw all tM broad a~d eHective fvnct~ons and powen in aMrwise eonutted by a Court fo ~ Receiver, u+d
such appointmant shall be mad~ by wch Caxt as ~n sdmitted eqvity and ~ m~ttar of absolute right to ssid MORTGAGEE, and without r~frrsnce M tlM
adequ~ty a in~deq~acy of th~ value of the property mortpaped a to the sohrency w insohenclr o( ssid N10RTGAGOR or tM defendants, aed tMt wch
rents, profits, incane, iuues and rovemies ~hsll bs appli~d by sud~ Iteceive~ aaording to th~ lien or pviry of said MORTCaAGEE ~nd the practiu of wch
Caxt.
8. To d~ly. P~^P~~Y +nd fullY Perform. disc!?u'D~, exeaite. effett, aomplete, oomplY with ~nd ~bide by eath and ~w?y fh~ stipulatwrn, apresmants.
cond'itam and oovaMnq in said promitsory not~ and this mortysp~ set forth.
9. ihat in ths event the ownenhip d ths naNyaped pr~mises, w anY p+H thereof, beoanes vested in ~ penon other than the MORTGAGOR. tlr
MORTGAGEE, in wccessors and assipns, msy. withoul notioe to tM MORTGAOR, deal with such wccessw a successor in interal with referenc~ to this
mo.tysp~ and the debt hareby aecured in th~ sams mamar as with Mwtgspw wirhout in any way vitiariny or dtscharpirg the JNw~~,gon' IiaWliry Frn-
under w~rpon the debt hereby securad. No sal~ of tM premises hereby mort~~yed and no fwbeu~nce on tM pan oF tl+~ MORTGAGEE or iri wtaessas
w ~siigns ~nd no extensan of the time far tM p~yment of ths debt heroby secured 9iwn by the MORTGAGEf or ib s~aessors w ~ssipru, shall op~rate
ro ~~Mas~, discharye, modify chan~s o~ ~Hect the oriyin+l liability of the MORTGAGOR Iwein, ~ith~r in whote or In part.
10. It b specificaNy a9resd tMt tims is of the es~ence of this corKract and tMt no w~iver of aM obligation hareunder w of ths oblip~tion sa-
cured ha~by shall a~ .~y time Mrcr.afisr b. h.ld ro bs a waiwr of tM terms hereof or of th~ iostnrment sacured herby.
n eddiiwn to the forego:ng monthlY paymenri of princ:pal and interest required by the promiuwy note secured herebY, mwtyayor oc~~mwn1~
~ and ag?ees ro rt sgee with cach monthly payment an ~ddi~ional sum estimated by mwtysgee ro be equal ro 1/12 of the annwl c $ie fdlaw-
ing:
; A-All real property tsxes kvied w asses bov~ deurilxd ~eal estate. •
6-Prcmiums on fire and.windstorm inwrance ss herem req~~r to vements sitwte on the above dewibed p?emises.
; C-Premiwns on wc6 mortqage 9uuanty iruvrance as mort om time to time cury on the loan secured he?eby.
~ Mort9agee shall from time to time rati ~n wriYug of ths smount due ind pay+bk hereunder an ' 11 thereupon be due snd
~ paysbl~ on the dw date of• t t ly payment and each waeuive month there+fter until mortgspee shall notify mortg~gw oF7Zl+~npt~ such
amount. Such ~pplied by mort~es toward the p+yment of real property taxes, iravrsnce premiums, and mort9aye 9u+?+mY u~u+
~ IN WITNESS 1NHEREOF, the said MORTGAGOR has hsrwMO stt his hand and seal tM day and y~ar f fores~id.
~ Sipnacl, ~nd delivered in tM of: . ~
0
~
,~~-4
~c..n
STATE Of fLORIDA ~ .
St. Lucie
courm oF
~ ~~,,,~y Willie J. Redde~
Corene R. Redden w, ~r., to erw v„ell known ~nd known b m~ to b~
rM individwb dswib~d in ~rd who ~x~an~d th~ forpoinp Mstru~wnt, and adcnowbdp~d beMn rn~ thd Mwy uc~cvNd tM sams fa tM purpw~s
.,a„~.d, ,~,,,d ,,;a Corene R. Redden
,~rit. of ~h. sa~d Willie J. Redden , upon ...~w.t..nd phr•a
•x+nan~tion b~r nw q4e~ s~pKat~ and apan fron+ he? utd Mabsnd, acknowledped 10 ~d befon m~ that sh~ ex~cvted said irotn~e~t lntly and volwr
rarity and witAout any compuision, ow»tr~ir?t, appr~Fwmion, har of a fran F~r wid iN,sband.
WITNESS mY h~nd ~nd offkia! wal dY~ q~l~ ~y ~ Se tember A. D. 19 ff8
_ . Not~ry Pvblk M+d fa th~ ate of florida at L~rp~
N?t! Con~m~as ~xP+?~ .A~y- ~ 7/
R~turn Ta ' ' ;
fkM fsda~l i to~n Aaociation ?
S+vinps , `~~~~u~N~t~,,~
a~ P~.. -~`+`~,,C?i3 : Mot+rr PabRc. Stata d Ao+;~. at 1ar*
, ~Fwt Pioa~. florida ~ .••'~~iti'•.~vi f~~
~ ~ ~O~M1Kf10~ ~ ~Y/. 6. ~
e' • l M~M~ M A~1lirM Blf ~ f~I1~C ~I
r ~ :
~,:~1.~~,t : ~7 : , FIIED ANO RECOROEO
ST. LUCIE COUNTY. FLA.
This ns rument Prepared By ;z« Q~ - : ~ : , ~ n ~ ~ ~ t E
.
Fint Federel Ssvinys 6 tosn Association = i;; : m~_ ~ r~°;
; Pi~roe ' • y ~..Q " ~ • : ~
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, ~ ~ oa tit ,6~8 SEP ~3 A~1 10 •
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