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To plaa .~d c«?rt~wa,sly h..P on ih. butid~ now w 1+K«h.. stnrar. on satd ~and .~d on an eq~t~,.nr .~d P.na?•~y cow..d b~r d?t, ~+orp.
y~, w11h all p~imiunu tAena~ paid in full, fin teuvranu in th~ uswl ~qndard policy fwm, in • sum ~pp~owd by tM NIQRTGAGEE, ~~?J wi~rorm
Ieu~uia in tM viwl t~anda.d pol~cy fan4 in ~ wm ~pprov~d by tM MORTGAGEE. in wch comW^Y o+ ~W~+ia u th~ MORTGAGEE nwy
dinct~ ~nd ali fin ~+d windstum inw~ana polici~t oe +~y ot s+id lx+ildinp~„ a~y InNra1 tF~~in w part tM~wf, in ths apprey~t~ wn+ afaeMid o~
ta ~ass tl~~of, aMll coMafn ~M uswl stu+da~d • morpap~~ daua o~ wch otMt dww a tM Mo~tpayN may nquir~. mal~inp tM lost ~~+d~ uid pol{.
ci.s, Neh aed wsry. p+rsbl. b saM MORTGAGEE .s in i~~ae~t nn~y ~pp.+~. and e+ch +nd ~wry such voticy ahall b~ pranptly us:ynad and d~live«d ~o
~ny MW by wid MORIGAGEE as fu?tha s~curity ro wid mortpay~ d~bt. sr+d, no~ I~u th+n t~n (10) days in ~dv+nc~ of tM ~xpi.~tion of ssch polky. to d~
IIvN to s~id MORTGACsEE • renew~l tM«of, tope?F~ with a roc~ipt for tM prNnium of wch ~enew+lt u?d tMr~ ~hsll be no fu~ a wind~~wm ins~ru?c~
piac~d on ~ny of said bvildir?ps, any intere~t thaei+n w p+rt thsr~of, uni~ss in tM fam u~d with tM loss pay~We as ~fbrosafdj a+d M tM ~wnt ~ny wen
of ee~y becon~ p+yabl~ under such poliey a policl~s aid /MORTGAGEE shsll Mw tM optan to reesiw and apply the s+~ne on ~ccow~t of tM ind~bted-
nsss iacvred Mnby a b permit s~id MOR~GAGORS w nc~iw ud uw it a any parl th~reof tw othe? pu?poses. without thaeb~ waivi~~ o. impair
teg ~nY p~ity. li~n w ripht unde~ or by virtw of this mutQap~t +nd In tM ~vent ~aid MORTGAGORS shall fa ~oy reason fail ro keep the said premises so
insw~d, or fdl to deliva promptly a~y of s+id polides of imwana to said MORTGAGEE, or fail promptty to pay fully ~ny premium thc~efw or in any
r~ip~ct fail b p~rforen, dixharps, execut~, ~fi~tt, wmpl~te, oomply with ~+d abid~ by this townan~, w u?y P+N Mr~of, aid N10RTGAGEE m+y plaee ar+d
paY fa such inwranu a u?y psrt tMrwf withow w+ivi~+y a~ffsctiny u~y optan, li~n. eq~iry, w riyht ur+der w by virtw of this Mat9ape. ~nd tM
full amo~nt of ~ach w+d ~wry such paymeet sMll b~ immediat~ly dw snd pay+bb ~nd shall bsar inte?est from tM date thereof until paid N tM ~ah ol
nine pN untum pK snrwm ~nd toQsthe~ with ~uch intKat ihall be s~cured by tM li~e? of ihis mat9+y~.
1. To pamif, eomnwt or svffa no wait~, impa'urnc~t a deterior~tion of uid proparry w+ny put thereof•
S. To pay all and s~nputsr the cosb, clwpa and ~xpemss. k?dud'aq a rtawoable ~ttw~ey
s fe~ and owb of ~bsnacta of title, incvrred w p~id ~t
any tim~ by said MORTGAGEE, bscau~e w in ths twot of tM f~iluro on the pa?t of ths s+Fd MORTGAGOR to du1y, pranpNy and f~lly perforny discharp~
executs. ~ffsct, oomptN~, comply with and abid~ by ~ad~ and every the stipulatio~a, apreemenn, oonditiau, and oove~ann of aid promissory note snd thW
mortyape any or eitha. and said cwts, ch+r~a and expense~, csch ~nd ~very. shall b~ immediately due and psyable; whether or aot there be notics d~
mand, attempt to ooikct w wit pending; snd tha ful) ~nount of sach and rvery such paymenf sh~ll bea. imerest from the dat~ tMreof unHl paM at the
rate of nine pe~ centum per annum; ~nd all said oosts, th~r~es u~d expenses inourred or paid, topether w~th such intuest, sh+ll b~ setvred by tln liso of tha
mottpsps.
6. Th~t in tM ~vent of ~ny bresch of N?is Mortpape o? default on the psrt of the MORTGAGOR, or (b) in the eveM any of s~id swra of mor~ey
herotn nferred to ba ~wt promptly and fully pakl within th'ury (30) d~ys next aftm the same seve*ally become dw and payable. withow d~mand or notics,
or in the ave~t each and ~very the ssqwletioes, sgr~emeets, conditions and coven+nn of sa7d promissory note and tlws mat~ape any a either an no1
ivly, prompNy and fully perfwm~d, dix}aarged, execvted, effscted, canpleted, compl;ed with snd abided by, thsn in either w ~ny wch *wnt th~ s~id a~
gregat~ wm msntior~ed in ssid promiuwy note then remsininy unpaid. with iroerest actr~ad, ~od all moneys secured hereby. shall become dw and p~y~
able fonhwith o~ thereafter, +t the option of said MO~TGAGEE, u fully ~nd completely as ii all of tF+e said wms oi money wera aipin~lly stipul~ted
to be paid on suth dsy. anyfhinp in s~:d promissory rwh or io this Mortys~e ro the contrsry ~otwithstanding; and the?eupon w theresfter al the option of
said MORTGAGEE, witFaut ~+otice w dsmand, wit at law w in pvity, therefors or thereafter begun, may be pro:acuted u if all moneys sewr~d Mreby
had m~twed prior to iK iMlitution.
That in the event thst at th~ bs9inning of w ~f any fim~ pendlrg any s~it upon this Morfgage, w to fo.eclosa it, w to refonn h, w fo enfo?a
payment of am daims hereunder, said MORTGAGEE sh+ll apply to the Court haviny jurisdiction tlxreof for the appointmtnt of a Receiver. atxh Cowt sh~ll
forthwith appoiet s rcceiver of sald morty~ged property dl ~nd siegula~, includ~ng all a~d sinpulu tM ir+come, p+ofits, issues and revenws fran wMtever
sourte d~rived. each aod every of which, it beinp txprculy understood. is hereby mortgaged u if specitiully set fwth snd detuibed ln the ~r~ntinp and
habendwn claoses hereof, arw! such Reuiver ~hall Mve ~II the brosd and effectiw furxt~ons and powers io snywise ent~~sted by ~ Court M a Receiver. ~nd
•uch sppointment sha11 be mad~ by wch Cavrt u sn admitted equify and a matter of absolule rigM ro ssid MORTGAGEE, and without reference to tl»
adequacy a inadequacy oi the v~lus of the prope.y na.tpaged or ro the sonrency or inwlvency of said MORTGAGOR or the defendants, and that such
rents, profits, ir?come, issves and ~evenves sh~tl be applisd bp wdi Receiver ~ccwdinp to the liso or puity of said MORTGAGEE u?d tF~e practice of such
Court.
8. To dvty, pranptly end fully perform, d7scharge, e:~aite, effect, complete, oort?ply with and by esch end every the stiputatior?t, ~preemenb,
co~d'itans and covc++~nts in said promissory oote and this mort~sy~ set fwlh.
9. That in the event the ownenhip of the mortgqad premises, a u~y parf thereof, beoaees ves in a person othsr th~n the MORiGAGOR, tM
MORTCaAGEE, its succeuas snd suigns, may, without notice to tM MORTGAOR, deal with such wcc wccessor in interest with rcfe+ence ro this
mortQsge awd the debl hereby secured in the s~me mamer as with Ntiwtgagw without in any way ' t w discharging the Mwt9~gors' li~bilify hera
under or upon tAe debt hereby secured. No sale of the premises haeby mortg~ged and eo fabe~rance on the put of the MORTGAGEE a in s~ocesson
or auig~s and no extension of the time for the parment of the debt hereby secured g'rven by the MORTGAGEf or its s~xusson or assipns, ihall operat~
ro release, dixharge, modify change or affect the aiyinal lisbility of tlx MORTGAGOR herein, either in whok or in part.
10. It is spec~ficstly agraed that time is of the es:a~ce of tha oontr~a and that no w+iver of any obliq~tion here~nder or of the obligation se-
cured hereby shall ~t any time thereaNer be held to be a wsiver of the terms hereef w of the imtrwnent secured he?by.
11. In additan to tt+e fwego:ng monthly paymenb of priric:pal and interest rcquired by the promissory nofe secvred hereby, mortgagor covensnts
and ~grees to pay to mortgagee with each monthly payment an addi~ional sum cstimated by mortysgee to be eqwl to 1/12 of tM amual cost of the follow-
: . • .
A-All real prop~rty taxes kvied or aueued against the above d~wibed real - estate. ' . •
B-Premiums on fire and windstwm inwrance as herein requ:red to be uVried on the improvements situate on tfii a6ove.d,~ibed premisas.
' .
, C-P~emiums on sucl~ mortgage 9uaranfy iiuursnce u mortaagee sFwll from time to time deem fit to carry On;.trid'16sn iecur~~?kfebr.~ :
'f Mortgagee shall from time to time notify mortgagor in writirg of the amount due and payabk hereunder ~~uch wmihaN thereuper ba due and
~ payable on the due date of the ne:t monthly psyment and exh successive month -thereafier ~r,til mortgagee sN11~;notj~+S+~Ff~Or,of',s efiu~ in svch
~ amounf. Such sums sha11 be applied by mortgayee towud the psyment of real property faxes, i~wrance prQifi`~s~~ind_ ~~mortpape •ywf~r+~l i~u~nte
~ premiums. • ~ r e ^
I IN WITNESS WHEREOF, the said MORTGAGOR has hereunfo set his hand and ses! fhe da and year:fir? ~d: ~ i
k STBPI~~T N. y~ NO~ _ 40:.QF Tt~
~ Sealad livered in the presenca of: ~a~"1r Lt'1 i~ ~ t„ _
~ D AND RECORDEO ~Ri G ~ n
.
` UC1~ COUNTY. FLA. • `
= i-l~"~[: - • - • . ~d
_l"7335~ Arrssr: - , , ~ Q
r, . ~ 'w} ~ LL • ~ " = '`•~r ~ Otl3ceuaac•
W ~V~~--~~~--~O~a- - - - .'-~r.~+~:. -••iU~l~~~'' -
STATE OF FLORIDA ,~COUN'IY OF SAINT LUCIE
r~O~.:ER : OITRAS
I HEREBY CF1tTIFY. Tho~l~E81b CIF3$11~~,~0URU~, of Dec~aber A. D. l9~
~~^t~~; • .
,~~-------~,~,a~a-------------------------
STBPNBN N GLADWIN P06T i~. 40 OR 1'fB a- Po~~ on pr9an a ~x s ng un th•
A6RQT[`AN ~ rTnt~t ~ ~Y~?1i?s Q} t t Stat~ o lor da~~~~
~ k.wwn to be ehe pe~son. de~tbed tn ond .obo eae~c~pct.d ~lie f
oregofnA f~t. and .avw+olIi acl~nowledQed e~i. .x~-
cutton thereoj to 6e tl~efr free act and daed at ,sn,c,1~.4~tows fw': ehe nsr and p~apww t/~etn mentton~d: and ehat t/iep
a){i,ioed thee~eto tT~e of
~tdal seat of ~fd 'aorpt~ralEo!!1, ar~ tiia. ,aid tnaMan+ent fi. the and d.ed o/ .atd oorpo~+atton.
WIfN~$ 9s7 iwnd and o 'St, .Lue 1r1o~Cida~ oow~ty and itats.
f
f
idaI aeal aj Fwrt~ P~tanq~' ~ .
~nis ~nstrument prepared by = : - ~ ~ - _ .
first federal Sav. & losn Ass~. _ ~ ` - - , : ~ ~
of f
ort P~roe ' ~ U~ fn and {or Stote and Cow~ep %~word
- ~ Joha W. (7ollins = :~y: C`o+nn~ion E~ Sbte ot Fiorid~ ~t [a~
fiA~? Cos+~rissia Eapire: Sept. Z3,196?~
! ~~n. u~cas~nuu Nim , , ~ • . ' ~ : ' M~Mr b waMfw fiw i C~r Cs.
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Checked By w"'a wiaaias -
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80UK ~'+f ~:e)lr
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