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To plaa and ooetimwwly kNp on th~ buildY~p~ ~w~w a Mnatt~ Wtwt~ on ~aid lad ~nd on alt puip+»m ~nd pwsoMly cov~nd b'Y tNt na~q'
p~ with ~11 p~miums tAenon paid in fu~l. Hn infwana in th~ wwl tt~d Policy fonn. h a tum approwd b1? tht MORTWIGEE. and wind~tann
imurana in tln usual sts~d+.d Pd~~11 ~R M• swn +PP~owd bY tM N10RTGAGEE. in wd~ oanA+~Y a~P+^~p a th~ MORTGAGfE m+y
dk~ttl ~nd all fin and winduam Yawana politi~s on +np of s~id huNdinp~, ~?y lolenal tl~~in o~ p~f tlwwf, in th~ ap~ep~H w~n ~fat~aid or
M~xaa th~nof. ~MII oontaln tM vwal stand+rd mwf~+pN ct~w~ or wd~ o~a d+w~ aa N» MapapM ~+ay hqvir~. ~~inp tM bss wd~ said polb
zip. Nth and ~Y. WY~bI~ to said MORTGAGEE at its 1n1NMt nwy app~ar. and Nth and ~wry N+th peliey sl+ill b~ promptly qt:9Md ard deliw+~d b
u+y MW by wid MORTGAGEE a fwtMr s~cwity ro aid matpap~ debt. ~1d, Iqt Ifaf tlfill tM (lO) ~yf In i~rNKf Of tFM Ntj~It~tiOn Of tKI1 pOIiCY. w d?
tiw~ ro aid MORTGAGEE • r~wal tl~~of. ap~tha with a no~iW for tM pnn+iun+ of wd~ ~~w+lt aod theh aMll b~ no fir~ a winds~am insw+na
pt+ad an a+y of uid bvild'xga, any tntuat tMr~in o? put N~awf, vnbss In tM fam ud wi~h tiN loa payabl~ a~ ~f«a+id~ and In Nr ~wet any wm
of momy b~ooma parabN ur~ wch policy a pdicia s+id NWRTG/?GFE shalt Mw th~ option to noeiw and spply tM sun~ on acoouM of tM Md~btsd~
n~ss secw~d Mnby a to pMenit s+id MORTGIIGORS w r~aiw aad v~ M a+eY Part tl?N~of for othe~ pwposes, wi~hout thereb~ waivinp u imp~i?-
inp ~nY puity. li~n a ripht w~dn or by virhu of this mortpap~t +nd in th~ ~vent a~d MORTGAGORS aMll fot ~ny nason fail to ke~p tM s~id premis~s w
hwnd. a f~it 1o deliwr p?omptly ~ny of said polid~s of insw~na to s~id MORTG/1GEE. or fail P~~Pt~Y ~ WY iully any pr~miwn tMnfa a in ~r?y
r~spKt fail b paiorn4 d~aduryt. ~x~evtb ~ffKf. eampl~M. oon?P~p wlth and ~bW~ by this oownanf, o? ~e?y put Iw~wf. s~id MORTGAGEE nwy plaw a+d
WY for wd~ &awano~ or any put tMnof without walvinp or afhctinp sny option, INn. Muih. or ripht v~~ a b~r virt~e of this Mortp+pe. aid tM
fvll ~nau~t of ~ad~ and wKy such p+yn»nt sha11 b~ wn~mdl+t~hr dw +nd Wy+bN +^d sh+ll bw intKest from th~ da» tMrlwf uoril p~id at ~M wtf of
nir» pa pntum p~r Mrwm a~d top~tht? with wch intK~st shsll b~ s~cvrod by th~ 1'Nn of this tnwtyap~.
1. To p~rn~tl~ oamdt a wfhr no w+sN, tmp+irmMt ar d~t~rlaation of said propKty or w~y puf tM?wf.
S. To pay +11 ~nd sinp~rlar th~ aosb. chwp~s +^d ~xP~~, indudlrg a naso~able atrorn~y's fN and aosts of ~bstrads of titl~. fncuned w p~W N
any tim~ by s~id MORTGJIGEE, b~tavw or In th~ twnt of tM f~ilun on tlw part o1 tM said MORTGAGOR to duly. promv~N ~+d i„iy ~«m. doch+~~
sxacut~. ~ff~et. oor~kt~. oomplY with ~+d ~bi~M b~r ~ach and ewry tM itipulations, apr~+a?~s. eo~ditiwis. and aow+~u?ts of said promissory eat~ and ~h4
~9+~ +~Y w~itiw. and said eosts. eMr~s u~d ~~cpen~, tad~ and w~ry. sh~ll b~ imeewdiatdy dw and payaW~: whetM~ a ao1 tMn b~ noriu dr
mand, anempt ro oolMct ar wit P~~~+Dt and tM fvl) amount of ~ach u~d awrY such WYmem sAall be~r int~nst fran tM d~N A~srwt until paid at the
rate of nin~ per centum per awwm; snd sll wid cost~. cF~yes and expN+s~s ir~owr~d or Wld. WpNh~r with such Iot~rpt. shall b~ a~arr~ by th~ Iftn of thit
mw1~+p~.
6. That (a) in tM ~wnt of any btach of N~is Mortpay~ o~ d~fwlt on ths p~N of tM MORTGAGOR, a(b) in the ~wm u~y of taW wms of moe~y
herdn nfen~d tc bs not prompfly and ivlly paid within tl?i.~y (30I d~ys nsx~ after ~M s~ a~verally becan~ dw +nd p+y+bb, withow dM++nd a notia.
or W in fhs ewnr e.ch a+d ~v.ry rh~ stipul~tiaw +OnenwnM. cor~di~wns and oown.nn of ss~d promissory note ~nd this mortp+p~ +nY a~ ~ithar an no1
iuly. Pranp~h? and fulN PKforn~ed. d~schu~d, uacvad. ~ffect~d. ~ornpl.t~d, comp~i~d wirh ~nd abided by. iMn in eitFwr or any such ~wnt the s~id a¢
pre~t~ swn m~ntionad in said p?omissory not~ fl~ rem~inirg unpaid. wBh int~rest acuued and all maKys secvred hereby. ahall bacom~ dw and WY
able forthwith, or tINfNRN. ~t th~ option of said MORTGAGEE, as f~lly ~~d compl~tely as if ~II of tF+e said wrta of moMy were wipiMlly stipukted
to be paid o~ wch daY. anYtAinp in said p?omistwy note w in this Morfpay~ to ths tontr~ry notwithsfarxlirg; and thereupon a ther~aha tM opt+on of
said MORTGAGEE, withow notin or d~mand, wit at taw or tn puity, tlwrefon or tF~ereaher bepun. m~y b~ prosecuted a if all ~no~ys s~cur~d k~nby
f~ad malwed prar ro ~n inat~rution.
TMt in tl+~ ~vent tMt ~t th~ b~pinnirg of ar st ~ny time peedirg u+y wH upon this Mortg~ge. or to forado~ h, ot to nfo?m H, or to Mfores
paym~nt of any daims hereunder. ~aid MORTGAGEE sMll apply to tM Cowt havin~ juradicYwn theraof tor tM appoir?tment of ~ Receivar, axh Couh sMll
fwthwith ~p~wint • rauiwr of s+ld maty~ped properh? all and sirgular, includ~np all and sin~vlar th~ income. profits, Issws and rovemies from what~w?
wurc~ dKived, each ud ~very of whKh, it beirp ~cpres+ly understood, a hereby mwq+yed a if specifiully s~t forth and dauibed in tM yrantirp and
habendum clawea hareof. aed such Receiva shall IMVe all the brwd and effectiw functans and powcn in anywise a+tnnted by ~ Cowt b~ Recehnr. and
such appointment shall be m+de by wch Court as an ad~ni :a.,. eq~ity ~rd a rertter of ~bsotute right fo ~sid MORTGAGEE, uid witlw~t reference to th~
sdequatp w in~deqwcy of the vslv~ of the property morty+ped or to the solvency or inso~vency of said MORTGAGOR w the defendants, aed that s~ch
renn, profits, inoonw, issws and revenws sha11 b~ appli~d by avth R~oeivar aaordin~ to tM li~n w p~riry of s~id MORTGAGEE ud the pt~aio~ of sucA
C~trA.
a. To dufy. P?omptly arw! fully perforen. disd~ar~, execute, effect, com~kte, aomplY with and ~bid~ by each snd ~wry ths stipulatio~a. spreurwnb.
conditiona and oovsnann in s~id promissory eat~ ard rhis mortysye ser forth
9. That in tM event the ownership of the mwtysped premis~s, w arry part thereof, beoornes vested in a person othsr th~n the /NORTGAGOR, th~ (
MORTGAGEE, its successwa ~nd auigns, m+y, withouf ratke to the MORTGAOR. deal with such suaessor a wccessor in interest with refer~noe fo this
mort9ap~ u~d the debl hereby secvred in the same msrr~ar as with Mortgsyw without in any way vitiatirg w discMrgirg tl+~ Mortpayws' liability h~n-
unde? a upon the debt hereby secvred. No ~ak of the premises hereby matgped u+d no forbeawnce on tM pah of ths MORTGAGEE or i» wooesson
or assiyia and no eztension of the time fw ths p~yment of the debt hereby secwed piven by tM MORTGAGEE or its sucwssors w assiyea, sh+ll opaat~
to rdeaw, discMrye, modify charg~ or ~ffecf N~e o?iyinal liability of ths JYIORTGAGOR herem, eiths~ ~in whole or ie put.
10. It is specifically agreed that time is of the essence of this contr~ct ~~d tMt no waiver of aay obligation herreuncler or of th~ oblip~tion sr
cured h~r~by sh~ll at any time thereafier be heW to oe + wsivar of the t~mu hereof or of the instnxnent sewred herby.
11. In addition to the fwego:ng monthly payments of princ:pal and interost reqvired by the promissory note secured hereby, mortgagor oovan~nb
and agrees to pay to mo?t9+gae with each montMy paymeM sn sdditional sum estim~red by mqtgagee to be equal to 1/12 of the annual cost of the fdlow-
ing:
A-All real property taxes kvied or assessed against the above dcscribed resl estate.
B-Premiums on fire and windstorm inwrsnce as herein required to be tar~ied on the improvements sifuate on the above desaibed premises.
C-Premiwns on such mort9aye 9w?anty inwrance as mortgagee shall from time to time deem fit fo carry on the bsn secured hereby.
Mwtyagee shali from time /o time notify mortgagor in writing of the amount d~e and psy~ble herevnder snd such wm shaU there~pon be dw and
payabk on the dve date of the next monthty payment and each successive mooth thereaNer until mortqa9ee shall notify mortgagor of a change in wch
amouM. S~ch wms shall be ~pplied by morfgagee laward the p~yme~t of ~eal property tsxes, inwraoce prem:ums, and mortyas~e ~wr~nt~r inwrance
premiums. '
~ IN WITNESS WHEREOF, the said MORTGAGOR h+s hereunto set his hand and seal the day and esaid.
I ~Siye~, SeJ+ and deliwr~d tM pres~nce of:
1 . 2 n ~
~ ~
~ Ila C ~
1
STATE OF~~C W I S~NS IN
Jy~~ SS.
COUNTY ~F ~_f/~l~Ss~
~ lef,,, n,~ p~r.on,Uy ,pp~.,.d Sdwin C. Schultz and
~ MOria JL11ia SChultz his wife, w me we11 known a~d known to nw w b~ ;
tM G~dvidwb d~scribd in ~nd who uua?t~d the for~oinp instrum~% and ackrawledp~d b~fon rn~ that tFisy ~x~cut~d th~ ~ame fw tM pvrpo~a
~ t~,,,.~ ~ N,. „~a Mona Jul ia Schultz ~
w;r~ d,tn ud Bdwin C. Schultz upon ,,.p~,,, ,nd P,h,,,. '
exami~atGon by en~ t~ken ~epant~ and ap~rt from hsr wid husbsnd. ~cknoMrledped to end t»fon m~ that sh~ e:eated said irotrum~nt frkly and volwt
t~rily and without arry ooenp~rlsior4 tOMiraiM, ~pprt~~'°~}~ Or fea? of or from hM s~id husband.
WttNE55 mr hn+d and affici~l wal tida d J~ ~y ~ AAZ 11 . A. D. 19~t~2
`~lil~~ ~ ,,:s:3~'_~;s:
~ Noa vblic in ~tM Stat~ o I$~NS~
~ y commissan •xpir.u a~ ' - . ' : .
~ T~ ~ FIIED ANO RECOROE~ 7~•,"„,'~ ~
ST. LUCIE COUNTY FLII:- •~~`'~p5~~•1 ~0 J''•,;~.
Fira F~dusl S~vir~ a l~As~ociatan . G .
Of fort P'~eru. ~[:CORn VERI !ED . `~~~~•~r'~'--.
Fo.t Pie.~., fb.d. i~ ~ ; ~o _
_t 11or~a
.
'69 APR 9 AM I : 20 ~ . t. . - - ~
-
; r., - .
This Insfrume~t Prepared By = ~!~~{blo
: `
~ Fint Federal Ssvings b loan Association :
itO~L :-OITRAS I~
of Fort Pieroe CLERK CtRCU1T CAURT~ .~''41: 5..;~~~`~~
C~~ gy J. C has tain
r":~, ~ t~K N~('E ~ " J - . .
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