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To placy and contieNqu~ly kNp on tl~ buIldi„ps ~wwr a her~aftN wtwb on ~ald land ~od on ~II equipm~m and p~rsoeally coverad by this map~
p~. witb ~II pr~miwns tl+Heon paid in fvll, fin inwwnc~ in th~ uwal uudard policy fonn, in • sum approwd by ~M MORTGAGEE, snd wiadstam
inswu~u In tM ~swl aundard policy form, fn • sum approv~d by tfi~ MORiGAGfF, 1n wch coe»pany or canprni~s ~s th~ MORTGAGEE m~y
dineej and all fin ~nd winib~orm ie~s~xanq polici~s on aoy of s~id buiWi~p~, ~ny ieM~~st thK~i~ w pul thtrwf, in tM apqre9+~~ swn aforesaW or '
M~zass thereof, sh~ll cont~in tM uiwl staodud mat9ape~ claus~ w such otMr clau~ at tt+~ Morty~pN may reqvin. makiep tM bu ur~r uid pol}
ci~s, eacA aod ~wry, paYabl~ w uid MORTGAGEE as ib inferqT may ~ppN?. and e~ch and ~v~ry au~h poli~y sF,all b~ promptly u~:pryd and d~livKed ro
aey Mld by said MORiGAGEE as fw~M. ascv?i~y ro iaid mohya~. deb4 u+d, not I~ss tMn Ne? (10) days in +dvann of tF+e ~xpir~tion of ~ach policy, to d~.
liwr to s~id MORTGAGEE a ra~swat iMraof, top~tl?K with ~ rsctipt for t!a pnmium of wcb rsne~walp ind thsn shsll b~ no fin w wir+ds~o~m Insur~
placod on any of said buildirgs. any intenst tMr~in or pan tMnof, unleu te tM fwm u+d with th~ loss payakl~ as ~for~saWj ~nd M th~ ~wnt any wn?
of moe»y b~eomp p~yabte w+dsr wdi policy p policl~s s~id MORTGAGEE shall haw tM optiw~ to ?eeetw and appty tM sam~ on accovnt of tM ir~bted
nsst fttu~~d Aueby o+ to po~mit s~id MORTGAGORS to no~iw and uN It ot ~ny part thsr~of fot other pvrposes, without thtreb~ waivi~y or impaia
ir?p any p~ri~y, li~n or rDyht vndN or by vinw of this mortpaqes +ad in tM ~vent s~id MORTGAGORS sha11 fa any ?tason faif to keep tM said pr~mises ~o
inswad, a f~il b dtlivat promptty any oi said polieies of ienwana to uid MORTGAGEF, a f~il promptly to p~y fully any premivm tFwrefor p In u?y
rospact f~il to pKform, discMrge, execute, ~ffed, complN~, car~ply with ~nd abie4 by thh covenanl, or ~ny part Fweof, aId MORTGAGEE miy plsc~ ~rnf
paY fa wd~ Irouranc~ or u~y part tMreof without waivinp or ~H~ctinp anY option, Ii~n, eq~ity. or rtpht ~nder or by vi.tw ot thls Mat~. and the
full amount of sach and ~wry aucF? piym~nt slwlt b~ imen~di~t~ly dw ~nd py~bl~ and s!»II bear toterest hom the date thereof until paid ~1 tM ~aa ol
nine per pntum pK snnvm a~d together with s~ch interest shall bs secured by tM lie~ of this mort~ay~.
1. To p~rmit, oornmit a wffM no waia, impairmeot or detarior~tiw~ of uid property a? any put 1Mr~of.
5. To pay all and slnpular th~ oosts, charqes ar+d ~xpenaes, inctudinp a naionable attonuy's fe~ and cosq of abstracta of title, incvned a piid al
any time by said N?ORTGAGfE, becauae or k~ the event of ths failwe on the paN of tM said MORTGAGOR b d~?ly, promptly snd fvly perform, dischuq~
execut~, ~ff~ct, oomplet~, canply with and ~bide by each and every ths stipula~ions, a~reeme~ts, conditions, ~nd oovenanb of said promissory note and tht~
~9+~~ ~+Y p NtMr. and s+icl cos~s. chu9es and expensea, eaci? ~nd ewry, shatl b~ immedistely dw and p~yabls: whether w not ther~ be notiu de~
msnd, attempt to co{kct or suit pend~ng> >nd tM full srtaunt of each a~u! wery such payment s!?all bea. interest from ~he dats thereof vntil p~id st the
rate of ni~e p~r c~nhxn per ~mwm; and ~II said eos~s„ chsrges and expe~ses incwrad o? paid, together with s~ch intere~t, shall be secured by t)+e lisn of tFw
~
6. Thst (a) in th~ event of any breach of tha Mortgape o~ defaull on tM pan of the MORTGAGpR, or (b) i~ the event any of s~id sums of mon~y
herein referred to be not promptly aed futly psid within thi?ty (30) days ~ext after the same severatly become due and payabk, withovt danand a notice.
or In rhe evem each and every the stipulatio~s, agreements, condiYans and cover»nts of said promiuwy note u?d thcs mortgs9e any o~ ~ither ~n eot
iuly, promptly snd fully performed, d~xharged, eaecvted, ~ffected, compteted, complied with and abided by. ~hen in either or any such weM tM s~id ap~
yregsb wm mentaned i~ said promissory noro rhen remai~irp unpaid, with intaes! ~cuved, and atl moncys setured hereby, shall becoe~e dw ~nd p~y~
able fonhwitFy w thereahe~, at the opr'wn of said MORTGAGEE, is fully snd compktely ~s if ~II of the wid sums of money were originslly atip~l~ted
to be psid on wch dsy, anything in said prcmiuory note w in this Mwtgage to the conn~ry notwithstsnding; and thereupon w ihe~eaita~ at the option of
sa;d MORTGAGEE, withoW noY~ce or demand, wi~ at law w i~ eqvity, therefore or thereafter beg~ry may be prosecwed as if all ma~eys secured Mreby
hed maruted prior to in iMtitutioR
7. That in the event tMt ~t tM beginning of or at any time pending any wit upon this Mwtgage, o? to fwecfose it, o? to reform if, or to enfwct
payment of any claims he+evnder, aaid MORTGAGEE shall apply to the Coun having jurisd7ction thereof for the appantment of ~ Receiver, svch Court shall
forthwith sppoint s~~ive? of said mwtys~ed property alt and sing~la~, includ~ng all and aingul~r the income, profits, iuues a~d reve~ues from whatev~r
wurce d~rived, ead~ and every o( which, it beirg expreuly v+derstood, is hereby morrgaged ss if spec7fically set forth snd dcscribed in the prantiny ~nd
habend~m clauses hereof. and such Receiver shs11 have ~II the boad ~~d eHective functions and powen in anywise entr~sted by a Coun to a Receiver, and
tuch sppointment shall be made by wch Carrt as an admitted equity and a matter of absolute right to wid NSORiGAGEE, and without rsference ro ths
adequacy or inadequacy of the v~lue of the property mortgaged o? to the soNenty w insolve~cy of said MORTGAGOR or the defendanri, and that such
renn, profin, inco~ne, issues a~d revenues shsll be applied by such Receiver ~ccording to the lien or equity of s~id MORTGAGEE and the practice of such
Court.
8. To duty, prampNy and fvlly paform, d'~scharge. execute, effect. eomplete, comply with and sbide by each and every ths stipulatio~s, sg?eements,
conditiora and coven~nri in said promissory note and this mortgage ut fwth.
9. That in the evem the ownenhip of the mongaged prem;ses, ar any psrt th~veof, becanes vested in a person other than the MORTGAGOR, the
INORTGAGEE, ifs successon and auigra, may, w;thovt rwrice to the MORTGAOR, dcal with such succeuor or successor in imerest with refae~ce to thq
mort9~ge ~nd the debf hereby secured in the same msnner as with Mortgagw withovt in any w~y vitiatinp or diuhugirg the Mwt9agors• li~bility hen- ~
unde~ w upo~ the debt hereby secured. No sale of ~he prem~ses hereby mwtgaged and no fabearance on tha pan oF the MORTGAGEf or in suaesson
o? essigns and no extension of the time fw the payrrKnt of the debt hereby secured yiven by the MORTGAGEf or iri wccessors a assigns, shall operaq
ro rekass, dixharye, modify cMnqe or affecf the wiginal liability of tlx MORTGAGOR herein, either in whole w in put.
10. It is specifiuUy agrred that time is of the euence of this contrad and that no waiver of ~ny obligation hereunder or of the oblg~tion s~
cured heraby slull at any tkne the?eafter be held to be ~ waiver of the te~ms hereof or of the instrument sccvred herby.
11. In addition to the forego:ng monthly payments of princ'psl and imerest required by the promissory rate secured hereby, mortgagor tpve~any
and agrees to pay ro mortgagee wiih eath mor?thly paymeM an additional sum estimated 6y mwtgagee to be equal to 1/12 of the annual tast of the fd(ow-
ing:
A-A!1 real p?oprrty taxes kvied or auessed agaimt the above described resl estate.
B-Premiums on fire and windstwm i~wrance as herein requ~red to be pnied on tF~e improvemenri situate o~ the above desuibed premises,
C-Premiums on such morfgage gvaranty insurance as mortgagee shall from tlme to time deem fif to carry on the loan secured hereby.
Mortgsgee shall from time to time notify mwtgagor in writing of the amovnt due and payable hereunder and such sum shall thereupon be dus and
payabk on the due date of the next monthly paymenf and each successive month thereafter ur,til mottgsgee shall notify mortgagor of a change :n suth
amount. Such wms shall be applied by mortgagee toward the payrtxnt of real property taaes, insurence prem;~ms, and mortg,age guaranty inwr~noe i
premiums. -
IN WITNESS WHEREOF, the 'd MORTGAGOR has hereunto set his hand and seal the day r fint aforessid.
gned. Sealed deliver m the pres of:
~
n
a
~-o
~--n
STATE OF FLORIDA ~
Sit• I.NC~~ SS. '
COUNTY Qf
b~for~ m~ personally appeared ~~1L~C~ L? MiDOZ
a~d
~Ois D. ~n0= ha wife, to me well known ~nd R~owrn to'm~ }p b~
the ind~viduab described in snd who ~xecuted the fwe~anp initrurrwnt, ~nd ackrawfedged beforo ms that tl~ey executed tM'aa~qll~,~~
tl ey
therein expre»ed. Md the sa• LOl= D• MinO=
wife of the sa;d Pr~ntief L. M~1t~OZ
ex~minsYan by me tsken s~puate a~d apart from her s~id husb+nd,
tsril y and wit h o v t ~ n y o o m p u bion, cons trai~
t, appr e h e r u i o ~ f
iar o
f
a~
f~ron~h~ir said~husbMd, m~ tMt sFw exeevted said ~tni t~~{
y~v~
u N 1
WITNESS mr I?~nd and officiel seal d,~ ~b da of r._~ ~'6 ~ '
. Y A. O. • '
~ ~ ~
. ~
• fllEO ANO + ~ °
ST. LUCIE COUN Y.~r °"ti' ~ - ~,o
d~~~~~~pirnitE a~ ~
~ ~ • ~
rtet~,.~ To: ~ R c. C 0{~ ( j~4/ E i3) F 1 E MY COMMISSION'
EXPIRES . ~~i. ) i E fl~ ti~•••
Fiar Feden! Savingi 3 toan Associar;v,? ~r`i~~ p~O rn~ouoN FRao r. DIifT[LMO~MA~~1N~~~,
Of fort Pfe~ce. r
, fwT Pie?ce. Flaida ~ ~ ri7 ~ oA
'69 JUN ~ ~ _
This Instrument Prepared By s~OGE ~ t Q~~RKJ
First Federol Snvings b loan Association C~,ERK C{RCUIT COUFZT°.
of Fort Pierce
Chedced By M~ Collins .
- ~ s~
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