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To plan and conHnuovsly on tM buiidinp~ ~aw ar Mr~aftM sitwti an s~id land and on dl pviprn~nt and pason~~h? covK~d bY 1hi~ niaq~
p~ wifh dl pnmiwm tMnoe p+k! U+ h+ll, fin inwranc~ in tM uwal sfandard poliCy fonn. in • swn ~PP~owd bY tM MORTGAGEE, u~d windslorn~
ha~xa+a in tM wual aaadud policy farm„ in a wen ~ov~d by ~M MORTGAGfE. in ~uch oomP+^Y a~^P+~~ a tM MORYG/?GEE nNy
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dindi and all fin ~nd wind~sorn~ Mawana polkiN on of ~aid buil~npa, M+y inpnst tMnin a p+rt ~~of, in tM appre~t~ wm afores+ a
In ~xon~ ~Mnof, tMll oont~ tM uswl ttandud ma~pa~ clw~ a wd+ al~ dauw a~ ~M MortpapN m~Y nquin. makG+p tM loa undK s~id poli~
da. ~ad~ and w~rY. WY~b1~ to s~fd MORTGAGE@ ~ in irosnst ~bt. +~d. ~not I~sa than tM+~ l
O) day~ p^'~dvano~ o~tM ~xpir~tion ~ad~ PaMl~b d~-
any Mld by ~+id 1NORTGAGEE a tvnMt ~~ity fo faid mort4+p~
iiw~ q pW MQRTCsAGEE • ra+~wsl tMrwf. top~thu with ~ naipt for 1M pr~miwn of such ranw++ls aod tMn ~h+il b~ no fin or wir?ditam insuwnu
plapd an ~ny of said buildinps, aey inta~q tM:~in or pi?t thKwf. w~bss io tM fonn erd with tM lass paysbte a aionsaidj ~nd k~ tM ~wM any sum
of mo~y becoen~~ p~yaW~ und~r such poiiey o~ policMs s+kl MORTWIGEE shall Mw th~ option to rouiv~ and ~pply tM san» on aocouM of tM ind~bted~
~as s~cyr~d Iw~~py or ~o pKmN s~id MORTG/?GORS to naiw K+d us~ it a a~y put thereof fa other pvrpwet, without thereb~ waivi~g a imp+iti
~p +~Y ~W~h. li~n ot riphl wal~r or by virtw d thN mort9+9~s and in tM twnt said MORTGAGORS sMll far any nason fsi) to k~ep /M wW p~~misa a
imw~d. a fail b d~livtr P~~Wh +~Y of Nid pO1iCNf OI iawranc~ to s+id AAORTG/?GfE. w fail promPt~Y m P+Y w~h~ +~Y P~a^iwn thN~fw w in ~ny
r~ap~cl fail b p~riom~ d~sch+rp~. ~x~a+t~. ~ff~ campleu. oomply witA, ~nd ~bid~ by this cownant, w sny p~N l+Kwf, said MORTGAGEE m~y plaa and
WY ia wd~ inawana o~ ~ny part tMr~of without waivinp a aff~dinp +nY cPtion. li~n. puib. or ?ipht w~d~r a by virtw of tl+i~ Mort9ap~. and tM
full ~naunt of Nch ~nd twry wd+ WYma+t shalt b~ imnMdi~tely dw and Wyabl~ u~d ahall bsa~ intK~st from tin d~t~ thtreof ~ntil p~id ~t tl» rat~ of
niM pM pntum pK amum and toyetha witA wch k?taat ~hsH b~ s~cwed bY th~ li«+ of this matp+~.
4. To pKmN. aoromit a wff~? no wast+, knp~irment or detKiaation oi saW propKty a any put tMnof.
5. To p+p all and ~Inpula? the aoats, cha0~s +nd exPane~, includ~n0 + n+son+bl~ ~tta^~tr's fe~ ud aos» of ~bsh~e» of titk, incwnd w pald ~t
•ehr tirew by saW MORTGAGEE, b~e~~+ss or in th~ ~v~nt of th~ f~ilun on the put of tM ssid MORTGAGOR to duly. prompty ~nd fully p~rfonn, d~sehar9R
~xecut~, ~ff~cL aompkh. aomP~lr with and ~bid~ by Nch and ~vary tM stlpulatio% +p~ta,+anb. conditio~a, and aownants of s~id promisswy noh snd thi~
~ro+W +~Y w atMr, ud said aos». d+arya snd ~xpauss, ~ach and evay. sl+all b~ inemd'aNly dw and par~blr, whstl+er a not tMr~ b~ eotKe da
m~nd, ut~mpt w colbct w wit p~ndinyr and tM full smou~t of ~ach and ~wry wch p+Ymeat d+all t~u int~»st f~om the dat~ tMreof until p~id at the
rate of nin~ pK centum per ~nnwn; u~d ~II said ooin. cM~pes u~d exp~nsts incwred a paid, top~tl+K with s~xh interat, ~MII b~ sewrd by th~ lien of tha
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6. TMt In th~ weM of amr b~~ad~ of this MortQapt w defwit a? the piet of th~ MORTGAGOR, o? (b) in Nw ~wm any of wid wim of mon~y
F,erein nfKnd to b~ iwt promptly u+d fully paid within tRirty (30) d~ys rsaxl af»r tM wr+~ Hwrally b~co~rN dw and payaWt, without d~mand or notia.
or (cJ in tla went ~ad~ and every tlw stipulations agreMnenn, conditioos and coven~nb of ~aid promiswry not~ and this mortya~ any a eilher an no1
i~rly. Pra^P»Y +nd fully performed. disd»rged. exenrhd, effscted. compkted. comP~ied with ~nd abided by. tMn in ~itMr or ~ny svch ~wM tM said ~g
prepat~ wm m~ntioned in a~id promiswry note thsn ram~inlrp w~paid, with interest acawd, and all maKys s~tured henby, sMll beaoeN dw and p+y~
•ble fonhwith, or tMreaher, at tM option of said MORTGA('sEE, a fvly ud canpk~ey u if all of the said sums of mon~y were a'g'uully stipubted
to be pa;d on urd? d~y. anythiap in said promiuory nots or h this Mortysge w th~ ca+trary notwitlutanding; ~nd therwpon a thereaher at tM option of
uid MORTGAGEE, w~tltiout notice w d~maad. wit d Isw or in eq~rity, tha~~foro w tFweafia beyun, may be prosecwed as if all moneyt ~cund Mreby
had m~hind priOr to ils institution.
7, TAat in tM ~wnt thst at the beginning of w st se~r time pendirg any wit upon this Mortg+p~, w to foreclos~ h, or to nform H, a to a+foro~
psymsM of any d+imt hsrevnd~r, ~a~d MORT~sAGEE shatl apply to tM Covrt Mvinp jwisdiction thereof iw ~hs sppoimm~e~t of ~ Receiva. wch CouM shall
forthwith appoint + raceiwr of said mortysged property all and unpvlar, i~clud~ng all and iuqular tM income, profits, iuws and revenuea from wM»ve~
~owa dsriwd. exh and wery of wh~ch, it beirg exprcstly unders~ood, is F+K~by rtwrtyagad as if speciticslly ~t fw~h and described in the 9rantinp and
habsndum clauses lwreof, ~rd wch Recshrer shall Mve ~II the Ixoad and effectiw fvnctiona +nd powers in snywise entrwted by ~ Court to a Receivu. and
wch ~ppointment sh+tl be m~Je by wch Court as an admined eq~rity a~d s rertter of absdute ri~ht ro said AhORTGAGEE, and witFaut referer~ to tM
adequxy o? inadeqwcy of tM valw of the property mortp+ped or to the wlverxy w insolw+~cy of wid MORTGAGOR a the defendann, and thst such
rent~ p?ofiq, inoane, issues and ~evenves sh+lt b~ appli~d by wch Receiva ~coordinp fo ths lien o~ equity of said MORTGAGEE snd tM practica of wch
Cowt.
8. To duly. promptly and fully pKfwm, d'acMr~, exscute, effect. complete, oae~lY with ~nd abide by eath +nd ~verlr Nr stipulations, ~yreemsnb.
cw~d'itions and coven+nn in said praniuwy oote and fhis mut~ge set forth.
9. Th~t in tM went the oMrnership of the mort9sged Premises, w~ny p~rf thereof. beoanes vested ln a person otiNr tbs~ the MORTGAGOR, tM
MORTGAGEE, its wcassws u+d sssiyns, msr, wi~hout notice to the MORTGAOR, ds+l with :uch a?aessor or wcceuor in imerest with refnance to this
mortyp~ and the debt hereby secwed in the same manner as with Nbrtgagw wethout in ~ny w~y vitisting o~ distMrpirg the Mwtgagors' ((ability h~rs
~nder a ~pon the debt hereby sewred. No s+le of the premises hereby rtang+~ed +nd no forbearurce on tM part of the MORiGAGEE a tts suaessors
w auiyra u~d no exrension of the time for the payment of the debt hereby secwed yiven by the MORTGAGEE w its successon or assipro, sh+~l opsrat~
ro r~leaw, discharpe, modify ch~n~ or affect the wiyinal liab7lity of the MORTGAGOR Mrein, either in whole w in put.
10: It is :pecif'~ully agreed that time is of th~ esxnce of thn connact ~nd thst ra waiver of u~y obligation hsreunder or of tM oblip~tia+ sr
cv~~d her~by sl~sll at any time thereaher be held to be s waiver of tM terms hereof a of the Irutr~ment s~cured herby.
11. In addition to the forego:rg rta~thly paymenri of princ:pal snd interest required by the promi:sory ~ote sec~red hereby, mortgsgor tovenants
and ayrees to p~y to mortgagee with each monthly payment an additiot+al sum estimated by mortgspee to bs equal ro 1/12 of the annual cost of the follow-
A-All re~l property taxes kvied a auessed agsirot tht above dewibed real estste.
~i B-Premiums on fire and windstorm irnurance as herein requ~red ro be cyried on the improvemenb sitvate on the sbove desuibed prem'ues.
C-Premiums on sud? mortgsye gwr~nry insurance as mortgsgee shall from time to time deem fit to urry on the loao secured hereby.
N~ortgsge~ sh~ll from time to time ratify mortgsyor in writing of the amount due and payabk hereunder and such wm thaU thereupon be due and
payable on tht due date of the next monthly payment and each successive month thereaRer urtil mortgsyee shall notify mortgagor of a chsnge in such
{ amount. Sud~ sums shall be applied by mortysyee toward the payment of real property taxes, iiu~racxe praniurtu, and mwtgage gwranty inwnnce
i PrlmiWM.
IN WITNESS WHEREOF, th~ said JNORTGAGOR has hereunto set his hand and seal the y yt~r t a~.
Siprnd, and d~livsr~d pres~nu of:
n
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• c!~lc~~ tse•o ~
~--n
TATE OF FLORIDA 1
~ St. Lucie ~ '
e.f«. ~«~o~,.oy ~~....a J. B. Tarrents
Lillian B. ?arrents w, W;{~, ~~,,,,e~~ kn,u,n ,,,d kr~own to an. m b.
tM kidividwb d~sui!»d in and who tx~cuted tM fotsyoirg imtnMmnt. ~nd adcnovvled~d befon m~ tMt thsy ~xacuted ttk sartN fw ths potposes
f~ ~ ,,;d Lillian B. Tarrents
Wii. o~ Nw J. B. Tarrents ,•.P.,.r..~a ~
exam~nata~ b~r m~ taktn ~ep+rst~ and ap~H from Mr s+id hwband. ~dcnowl~dyed to ~~d befwe me th~t slk executed said lrotrwnent he~lr arx! volun- ;
ruilp aed withoiA a+~y oompvlsion, comtraint, ap~x~lwmion, pr fear of or fran her saW Iw~band.
WITNESS my h~nd and official seal thia~.~q4,~.~ d~y of NOV@ @1 A. D. 19 68
Not~ry Publk in and for the Stat~ of flaida at L~rp~
. MY c~^~,»''°" rI = z 3~ G~' -
RNwn Ta ~ . , ~ ,ius.x:~:..,,~ .
: Fkst f~d~r~l Ssvirgs i Loan Astociatan ~
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Of iwt Pltro~. ' , •
v».«. Fb.~. .J '4 FILEO AND RECOROEO
- - - . ~ ST. LUCIE COUNTY RI.A.
RECOR~ V~R1F1~0
lhis instrument prep~red by ' F- - 1"r~$~rJ
first feder~l Sar. a Lwn lls~;. ~ ' • L ' ' ~ ;
ot Fat ~~r~' •'68 IrOV q AM 10 : 31 ;
: ~ ~ • • . ' : oi!%~ t ~
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• :il:; ~GC~
. • E R POITRA$
CLERK OIRCUIT COURT'
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