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To pl~o~ ae~d conti~wiou~ly kHp on th~ bulldinp~ ~ow a MnahK ~i~uaN on said land ~nd on ~II squipmnt a~d pNwnally wv~nd by thb na?t~
~p~„ w~t!? pr~wm th~non psid in fuli. fih tniunnu in th~ usu~l standud policy Fam. M a ivm spprov~d by tM MORiGAGEE, ~nd w{~tam
kawu~c~ In tir wwl sunds.d policy form. in • wm approwd by tM MORTGAGEE, in wch canp~ny or companies as tM MORTGAl3EE n»y
d4~ct~ ~nd ari fin ~nd windstom~ ins~x~na policia on any of said buildcn~p, ~ny Intere~t tFw~io or p+rt ~M~wf, in th~ ap~reyat~ swn ~for~id or
in ~xcsss tF~erwf, ~hall contain tM u~wl stsnd~.d maty~ ds~ a wch ahw cla~?u u ~M MortyayN maY nqu'u~. makinp the las~ under s+id po1E
ci~s. tach and ~vNy. WYabl~ ~o aW MORTGAGEE a in intKest m~y ~pp~a?. ~nd each ar?d ~very iuch policy sMll b~ .p?omPty sss:9ned ~nd d~livend to
any MW by ~+id MORiGAGEE u tur~hK s~cu~tty to s+M mor~p+y~ dsb~. +nd. ~ot I~s+ ~h+~ ten (10) d~ys in ~dvs~+ce of tM ~xpiration of each policy, ro dr
IivN ro s+id MORTGAGEE a ~~newal tMnof, to~e~ha with a receipt fa tM premium of wd~ reoewslj ~nd then sMll b~ no fire a winditam i~w~na
plapd on ~ny of aid buildinp~. se~y interest thenin or pu~ tl+Keof, unieu in tM fwm ~nd with tM loas p+yable as afan+ids +~d tM ~v~+?t any sum
of ~w~ty bsco~rKa paYable ~ndK sucl~ policy a polici~s aaid MORTGAGEE shatl Mve tM optw~ w receiw and apply ths s~me a? +cca+nt oi tM Md~bted-
nesf sttur~d her~by a w psrmit s~k) MORTGAGORS to reuiw and us~ it or •ny psrt lixreof fa othe~ pu?poses, wi~hout thereb/ waivi~~g a impair
inq any puity. !iM w ri~ht uedar a by vinw of thit mortpap~j ~nd in tM event ~aid MORTCsAGORS sl~atl for any reason f~i) ro ksep th~ si~d p~ani~es w
inwred. or (ail to dsliwr promptly ~~y of ssid polici~s of irawanos to said MORTGAGEE, w fail promptiy to p~y fully s~y premium ther~for or in ~ny
r~spM f~il b paioren, dischuqe, execute, aff~ct, compl~te, comply with ~nd ~bide by this covensnt, or sny part hereof, saW MORTGAGEE m+y pl+a and
paY for such irawanc~ o~ any part tMreof wirhout w~ivinD or affectirg ~ny option, Ikn, equity. w ~ipht w~der a by virtw of thti MaroaQs, a~d th~
full amarnf of each and ~very wch paymeet shall M irtun~diately dw and paysbls and sMll bcsr interest fran ths dat~ thereoi vetii piid ~t th~ r~t~ of
ni~e per centum pw anrwm and toyether with such imerest shall ba secured by the lien of this matpage.
To p~rmit, con~mit or suffsr no waste, imp+irment or deteriotation of ~aid propetty w any paH tl?ereof.
S. To pay ~Il ~nd sM?pul~r tM cosh, charges and sxpuaes, includirg a roaionabk attoroey's fss and oosts of abstncts of title, irKVrced o~ p+id at
any Yime by said NIORTGAGEE, betause p in the eve~t oi tM failure on the pa?t of the said MORTGAGOR to duly, promptly aod fully perfam, dischu~
exatuts, effsN, tomplet~, tomply witb ~nd abide by tath and every the stipuls~ions. agreemenn, conditions and tovenants of said p?omissory note and this
mortpape any a eithrr. and said costs, chuges and e:penaes. each and every. sh~~l be immediately due and p+yable: whether or not there M noriq da~
msnd, attempt to oolkct or wit peoding~ and ths hrll anwvnt of each snd every such payment shall bear interes/ f~om the date thereof vMil paid at liN
rate of nine per cenium per annum; a~d all ssid cost~, cMrqes and ezpensea incwred p paid, togethet with s~ch imerest, shall b~ setured by tlw 1~ af thts
mortp~.
6. That (a) in tM want of any brcxh of this Mortgag~ w defa~lt on the pan of the MORTGAGOR, or (b) in the event any of said swes of money
fierein referred to be nol promptly a~d fulty paid within thirty (30) days next aftsr the same sevaally become due and. payable, withovl de+nand or notitr.
or W in the event each ~nd every the stipvktio~a, sgrae+nenn, conditwns a~d covensnts of sa~d promiuory note and th~s mortgaye ~+y a either are nw
iuly, pfomptly and fulty performed, d~scharged. ~xecuted. ~ffected, completed, complied with ~nd ab'~ded by, ther? in e~ther or any ivch eveM IM aid ag
gre9st~ wm mentioned in said promiuory note then remaining unpa~d, witi~ i~terest accrued, and all moneyt secured hereby, sMll become dw and pay~
abie forihwith, or theresfter, at the optan of said NIORTGAGEE, as fully snd completely ai if all of the said wms of money wcre aipinally stipulated
to be paid an tuch day, ~nythiny In said promisso?y note or in this Mort9age to ths contrary notwithstandiny; pnd thrrevpon w there+fter ~t rhe option of
said MORTGAGEE, witlwut notice or demand, wit af law or in puity, there(we or thereafter begun, may be proxcuted as if all moneys ~ecured hereby
had matuted p?iOr to in iMtitution.
7. That in ths event that at the begirminp of o? ~t any time pending any wit upon this Mortg~ge, or to fwacla~e k, w w nfwm it, or to ~nfwa
payment of amr daims hcreur~der, said MORTGAGEE shall apply to the Gourt hsving jwisdrctan ~hereof fw the appo~ntment of s Receiver, wch Goun shs~l
forthwith ~ppoiM a receiver of said mwtysged property all and sinputar, includ~ng all and singular the income, profits, issues ~nd reve~ucs from whsteve~
souru derived, each and every of which, it beiig sxpressly understood, i: hereby mortgaged as if speufically set forth and dewibed In the yra~ting and
hsbendum claus~s hereof, and s~ch Rcceirer shall h~ve aG the b~osd and effective fvnctions u~d powers in anywise entrusled by • Co~rt to a Receiva, and
such ~ppoi~tme~t shall be msde by such CouA as an sdmined eq~ity and a ma»er of absolu~e rigM to said MORTGAGEE, and wi~Fqut referencs to the
edeq~xy a inadequacy of the wAx of the property mwtg+ged or to the soMenty or insolvency of said lNORTGAGOR p the defendsnb, and that such
rents, profin, income, issues and revenves shall be applied by such Receiver sccording to the tie~? or eq~ity of said AhORTGAGEE and the practice of such
Court.
8. To duFy. promptly snd fully perform, d7scharge, execute, effect, complete. comply with and abide by each snd every the stipulatioas, agreemeMs,
cw~ditions and covenants in said promissory note snd this mortgag~ set fw~h. = .
9. That in the event the ownenhip of tM mortgaged premises, o? any part thereof, becomes vested in s penon other than the MORTGAGOR, ths
MORTGAGEE, iri successo~s +n~_ sssipns. m~r, withart rotice to the MORTGAOR, ds~l with auch suae~wr or successor in interest with rc(ers~ce to this
mortgage and the deb~ hereby secured i~ the saine manner as with Mwtgagor without in any way ~'vitiatinp or diuharging the Mw~gsgori' liability hero
under w ~pon the debt hereby secu~ed. No sak of the premises hereby mortgaged ~nd no forbearence on tF~e pah of the MORTGAGEE w its waessors
w auig~u and no extEns~on of thc time for the payment of the debt hereby secured givM by tM MORTGAGEE w its succeuors w auigra, ahall opersb
to release, disclur~e, modify thange or affect the original liability of the AM1ORTGAGOR herein, either hr whde o? in part.
10. It is spedfically agreed that time is of the essence of this contract and thst no waiver of any obligation hereunder or of ths oblia+tion se-
cured hereby slull at any time thereaher be held to be s waiver of the terms hereoi w of the inst~ument secured herby.
11. In addition to the forego:ng monthly payments of princ:pal and interest required by the promissory nore ;ecured hereby, mortgagor covenanri
` and agrees to pay to mortyagee with each monthty payment an addirional sum estimattd by mortgsgee to be equal to 1/12 of the annual cost of the follow-
ing:
A-All real prope~ty tsxes levied or assessed agsinst tlx above dewibed real estate.
B-Premivms on fire and windstorm inwrance as herein reqvired to be tarried o~ the improvemes?b :it~ate on the ebove desuibed premises.
C-Premiums on such mortgage guaronty insurarKe as mortgagee thall from Gme to time deem fit to carry on the loan secured hereby. •
Mwtgagee shall from tirt?e ro time notify mortgagor i~ writirg of the amount due and payable htreur?der and suth wm ahall thereupon be due and
payable on the due date of ~he next monthly payment and each successive month thereafter until mortgagee shall notify mortgagw of a change in wch
amount. Such sums shall be applied by rt?ortgagee toward the paymeM of real property taxes, insurance prem~ums, and mortgsge guuanTy i~rance
premiums. .
'j IN WITNE55 F, the ss' MORTGA R has herevnto set his hand and ieal the day and year fint sfwesaid.
~ Sipeed. Seakd de ' t Qf:
~ ~ ~..n
E ~ n
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STATE OF fLORIDA ~ S+~ i:'
counmr oF St. Lucie ~ ~ - ~ . .
eefwe ms pKSOn+lly epp~srcd W illiam T. MecLford ~?~.ra '
_ ~ ~ ~ :
Martha B. M@C~OYd his wife, to me well kn~At~apd ~`to rnf tq:bR.=
the individwls described in and who executed tM forepoinp instrwnent, and acknawledged before me that they execute~tli~. ":pr~ ^ ti~posA : .
therein ~xpreued. Md rhe saia Martha R_ MQCLford ~.J `
: . ~
w;f, of ,h, ~,;d William T. Medford ~;i ' are•i~d-~~a~'s -
examuuYwn by me taken sepant~ snd apart from her said Misbsnd, ~dcrwwledged to a~d befo?e me that shs executed said iralruhlmY~'tj? ~nd volwf .
rarily and withovt ~oy c~ompirlsion, cautnint, a ~~ear of w from ha said l~uband. •:'•j,,,~.~~~,:.•"• _
WITNESS mY I+~nd and oHicial sed thi ~y D@C@IOb6 ~ Ac :0:~_Z4~--`.:.;- -r -
i . : - : ' .
B
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~ FILEO AND C D~D! t~r. ~K to. r~,. s~.n of ~w~d..r u~w ,
S7. LU C I E O U 1(~ ~l~.A My tomrn~s+~on expires: !
R~.,, T~: R~co aF~~ ~ ~ ~
First Federal Savugs a loan Au«iation GiiTI~JiY PBBLIQ STATE Of fLOBIDA" T LAidf
~ Of fort P~erce. MY COMtdISSION EXPIRES NOV. y~ 18l~ 1~'i~~~~ ~
~ONDED IIIROtSaN FR6O Ii~ OItYtELqOBt~•
~ P~~. F~~~~ '66 DEC 1 AM 10: 81
l~'29~0 .
This Instrument Prepa~ed By ROGER PO~TRAS
First Federal Savings b loan AssociationClERK CIRCUIT COURT:
~ of Fort Pierce
Chetked By R . K~,rF+_a - • .
ao~~.~4 ~2~4~6
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