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To ~aa a~d ~~y ~ a+ th~ but~dtn~ ~ww « Mnaha .itwn a+ satd ~«~d a~d a~ ~i~ .q~taMnr a~d va~o~+~h cownd M? +w+ "a'q'
a~p~ whh al) pnmiuea ~huwn p~id in full. iin bawanu in tM wwl ~tand~rd polky fam, in ~ swn ~pprowd by th~ MORTGAGEE. and wG+d~tarm
Yaww?a in tM vswl sru~d+?d pdicy form. in ~ wm +PProwd by ~M MORTGAGEE, in wch company a aomPa~+~~s a tM NWRTGAGEE m+y
~1 inf~ ~i) fif~ Nf~ W111i~fOf~n If~WI~r~ pO~kiN 011 ..'11y OI Nid bVildiepL ~Ity 1AfNa1 fIMt~M Of pNt flfftWf~ MI t~N ~Qp~t~t~ tVm ~fOffMid p
h~xaa N~wf. sMli contain tM uswl stsrxl~rd maty+yM ciws~ or such otha dws~ a~M Mor~p+pN n++Y nquin. m+?j^D tM Iw~ w'd~ wid pd4
ci~s. ~ach and ev.ry. p+raW. a aid MORtGAGEE +s in im.~uf nar app.ar. and ~ach .nd w.n such Po1kY sh+~l b• promptly as~:pned and d.~iv.nd ~o
~n~l MW by uid MORTGAGEE a furthN s~cwity to ssid mat~+y~ debt. a?d. ^ot 1~ss th+~? tM (10) days in adv~~u of th~ expkNion of aad~ policy. to d~
11wr ro s+id MORTGAGEE • nnswsl tMrwf, ropethu with a nceipt tor tM prNniwn of wch nnawa~r and thsn sh+ll M no fin a windttam Mswaec~
plaad on ae~r of said birild'x~ps, ~ny tntH~st tl~~in a pari tM.wf, vnkss te~ tM fam u+d vri~h ~M bss p~yabN as af«aaid~ ~nd in ~M ~veM ~ny sww
of mon~y becon~s p~yaW~ under su?~; polky o~ pol;ci~s saW MORTGACaEE shall haw tM option to nceiw and ~pph tln s+m~ on +caa+nl of Nw indebt~
r.~ss a~cw~d iwrsby w to pKmit s~id MORTGAGORS ro naeiw and us~ it or aoy put tl+Keof fa otF?er pwpwe~, without thxeb/ waivinp a impaiN
inp ~ny puity. IiM? a riyhf und~~ w by virt~~a of thi~ morts+p~t ~nd i~ Ih~ ~venl said NlORTGAGORS shall fa sny nason iail to kesp ~hs s~id prMniu~ to
irawed, a fail to ddiwr promp~N sny of uid policies of inwrann to s~id MORTGA(3EE, a f~il prompty to paY fu1N ~nY Premiw++ tlwr~fw w in u~y
r~sp~ct fait w pKforoL dixMrpe. ex~cut~ ~ffec~. campl~b, oomplY with and abid~ by this covenar?t, a any part h~nof. s~W MORTGAGEE ~nay p~~ +~d
WY fa wd+ irou~a~w a any put tMreof without wiivi+g a ~ff~ctinp +nY oW{on, Uen. aq~+ib. a aph~ un~M~ w by vinu~ d tNt Mort~~. ~d tM
full ~mount of Nch aod ~wry such p+y~+nt sMil b~ irnrnediat~y dw snd p~yabb and ahall besr irocrat from tM dat~ M~ereof until patd ~t tFw wt~ ot
nirn psr qntum pK annum uxl topetl+er with wch inte~est shall bs sacwed by th~ li~n of thb mortysy~. .
4. To p~cmit, oon+mit a wffK no wast~. MP+imxnt a dtteriuation of said property or sny put tl~sof.
5. To p~r sll and sinpvlsr ths oosts, clw~p~s ~nd exW^aes. i~dudHg a rca~bk attorney's fee snd oosts of sbstracts of titb. incwnd w p~W at
any time by said 1NORT(~1GEE, b~ca~ or in the weM of tt~e fsitun on the p~rt of tM s~id MORTGAGOR W duly, promptly ~nd fully pKform, di~chunR
•xecvt~. ~ff~et, oompt~t~, complr with and abide by ead+ and avery tM stipul~t~a». ~groements„ conditions, and oovtnants of s~bd promiswry ooh ~nd thh
mortp+~ ~nY or eitha, and aid oosts. dw~s and expenses, each and every, sha~l b~ immad'utely dw ~d payable: whether w not thae Ee notic~ de-
mand, anempt to co1kN w wtt paxlingt ~nd the f~ll Knount of aach and every wd+ parmee?f sh+ll bew intenst hom the d~t~ tMred until paid at tM
rate of nin¢ per centwn per anrwmt and all said ~os», chugp ux! expenses ina+r?sd o~ P~~d, to~elher with s~xh intarpt, aMll b~ s~cvrd by the litn of thif
morf~p~:
6, Th~t (a) in tM ~w~ of amr breach of this Mwty+p~ w defwlt on tlr part of the 1NORTGAGOR, or (b) in tM event sny of said arms of mon~y
Mroin referrad a bs ~ pranpriy and fvlly p.id within ~hiny (30) days r?ex~ afte~ the same sererally become due a~d p+r+bls. wi~ho~» d+m+^d a? no~ia.
or In the eve~t each and every t!a stipvlations, agr~nts, condifio~s aad cowt+snts of s~~d promissory rwre ~nd th7s mo~lpa~ anr w eithu ar~ ool
iuh. Ma^PnY and fut{y perfwmed, disd+ar~eed. .aacvt~d. ~ffected. canpl~ted, canplied with and ~bided ~iy, tFan in ather a any wch ~v~snt tiw s+id s~
p~ey~M tum mer?Yaned io said promissory note thee remaininp unpaid, with interest acuuod~, ~nd all money~ securod hereby, th+ll b~ooer dw and pay~
able forthwirh, a thereaha, ~t the option of ;-~d MORTGAGEE, as fidy ~,d ~k~eb as ii all of tl+e,said wms of ma~ey were aipin+lty stip~rbted
to bt paid on such day, anything i~ said promiswry note w in tha Nlortyage to the co~trary notwithstsndng: aod thareupon or thereafter al th~ option of
said MORTGAGEE, withovf notice a demand. suit ~t law or i~ puity, therefore a thereafter begun, maY be prosecuted as if all monsys sewred Mr~by
had m~fufed priof f0 its inftitution.
T. Tiwt in ths event that at the beginnirg of w st ~~y tima pending aMr wit upx this Mortgsge, or tc forecloae h, or fo mfomn it, a to enfwq
payment of ~ny daims hereu~der. said MOR?GAGEE ahsll apply to the Court hsving jwisdittion thereof for the ~ppointment of a Receiver. wth Cowt shall
Fwthwith appoinf a receiver of said matya9ed propertlr aH and iug~lar,~iaclud~ng a!I and singulu ths inoome, p~otiTS, iuues and nveoues from whatev~?
~o~rce derived, each ~nd every of whrch. it baep sxpreuly understood, is he:eby mwtgaged u if spec~fically set fath ~nd described h the ~antinp and
hsl~e~tl~xn clavses hereof, ~nd s~d+ Recen~-~ shall h~ve all the brosd and effective fv~ct~ons and powen in snywise entnuted by a Caxt to a Reoeiver, and
such appoi~tment shall be made by wch Co~xt as ae ~dmitted eq~ity and a matter of absolute r'ght to said MORTGAGEF, ~nd without referenoe w th~
sdeqvacy or in~deq~acy oi the val~e of the prokary mort9aged or ro the sonrency w insolvency of said MORiGAGOR or the defe~dsnts, and that such
renn, profits, income, iuues and revenues sA~ll be applied by s~ch Receiver eccording w the lie~ or eq~ity of said MORTGAGEE and 1M practios of wch
Court.
8. To duly, P.«~ry M,d r~ty P..:o.m, d~scharge, execute, effect, cwnplete, comply with and ~bide byf each and every the sY~pubtian„ agraaneMS,
conditans and coven~nts in said Momissory note and ~his mortgsga tet forth.
9. TMt in tl~e evem the ownership of the rtwrtga~ed premises, o? aoy pa~1 thereof, beoomes vested in s person other than tM MORTGAGOR, th~
MORTGAGEE, its succeuon and suiy~, may, withoW nofice w the MORTGAOR, deal with such successw o~ wccesso? i~ i~terat with refersnu to this
matype and the debt f~ereby secured in the same manner as with Nbrtgago~ without in snY way vitistug ,p discfiargirg the Mortyspors' Ii~Wlity her?
~nde~ or upon the debt hereby secured. No sale of the premises hereby mortysged a~d no fabearance on the p~A ef the MORTGAGEE or ita wocesson
or ~ssig~u and no extensan of the time for the payment of the debt hereby secured 9iven by the MORTGAGEf or its wccessors a ~ssiyns, shall oparat~
to nkase, dischargt, aadify change or affect the wipinal lisbili~y of the MORTGAGOR hercu~, either in whofe or in put.
10. M b specific~lly ag?eed thst time is of the essence of this contract and that no waiva of sny oblgation hereunder or of the obliyation ~e-
c~red herebp shall at any time thereahes be heW ro be • waiver of rhe terms hereof or of the irntrwneM secured herby.
' 1 i. In add~fion ro the fqrego+ng_ rt~w~thly payrt?ents of princ:pal and interest req~ired by the promissory note secured hereby, mortgsgor cweosnb
and agrees to psy ro mortgagee with each monthly payment an add~rional sum estimated by mwfgagee ro be equal to 1/12 of the annual ceat of the follow-
ing: , - -
A--AII real prope~ty taxes levied or.assessed agairut tMe above desaibed real estate. '
B-Premiums on fire and windstorm insurance as herein requ~red fo be carried on the improvemenb situate or? the above desuibed premises.
i C-Premiums on wch mortgage guaranty insurance as mortgagee shall from time to time de~m fif `to~carry on the ban sec~red hereby.
' Mortgagee shall from time to time notify mortgagor in writing of the amaint due and peysble hereunder and svth wm slwlt thereupon be d~e and
payable on the due date of the next monthly payment and each successive month thereaher u~til morlgagee shall ratify mortgagw of a dwnge in such
amounf. Such sums shall be spplied by mortgagee toward the payment of real property fsxes, inwrance p?em+urt?s, ~rxl morlgspe guar~nty inwrance
premiwnt.
IN WITNE55 WHEREOF; the said MORiGAGOR has he~eunlo set his hand and sesl the day u~d yeu fint aforesaid.
' ned, S~a and del' in the presence of:
a, n
~
•
STATE Of FLORIDA ~ ~ -
5?. LUCIE ~
courmr oF
~r~ap~ willie Pzatt, Jr.
defore na PK~~ Mild!!ti Platt his wife, to me well knawn snd known to me fo b~
th~ individwb describ~d in and who ~xea»~d tM for inttnxn~ret, and acknowledyed beforo me that tMy ~xecvted tFa sarr~ fw tM qxposes
.~a. ,4,d ~ldr~d Psatt
wife of tM wid ~ll~t Plitt ~ J!. upon a wpa~te and privah
examination by me takan ~epants aed aparl han hsr wid hwbsed, adcnowledped b and befon m~ th+t sh~ exacvt~d said in~rrumeot.frsely and volw}
~ tsrily ~nd withovt any compubion, cautraint, appreiwr?aiq~yor fs~r of or fran hei said Mnb+nd.
68
~ wrrr~ss mr iN~d .~a ot~.~ ss~l thii_f g'~ d~y ot tobet o. ~v
~ Not~ry P in ~nd for tM ate of id~ ~t lap~
- MY ~'~pa~" J/
Ite/wn Ta. . . . ~ •
First f.dual s.v&g. a loan ~?..«7,.ion -
tll~H1E~ ~ ~1~,~~
Of Fat Pcerce. ,~'.j'~~ . ]wy:bi '^n~1 S~! Q~ AOf1~i n(if~
, •1^•. Pit10f. F~Ofidi ~ . j~¢~~u~y~,~vr/~ ~jf' ~ : ~y"~j~e~ V i77i
Cr ~ ~ ..7 ~~wr~ ~ •
~ ~ - ' .1~ l4.+~i1r a.w~.. ~r: a c+..b s~ _
~y' ~ . 'a,.
This InstrumsM Prepared By ~~`.~'~T. _ ~ FILEO ANO RECOROED ~
First Fsdero) Ssvings b loan Association ~~~'y,~ ;C .~:y ; ;.-ST. LUCIE COUNTY, FLA. '
• ot •e~~ ~ ;,c.f:OF?!? V~RIF~:~~ `
. •
ch~«i ';o~ ~ 1~?'i1~2
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~ ~ ~~a'~~'~ '66 1 I PN 3.: 3 3
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~ ~ ~ - - • • ti { ~nJc?a ~nrTpLS ,
CIERK ~iR~UiT C~;~~~~T