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To plaa and continuo~sly kNp on tir buiWinp~ now o~ h~r~aft~? ~ituat~ on aW land and on all sqvipnent and p~raonally cova~d by this morp~
.p~, w;th di pnmiums ~henp~ paid ;n fu11, fin inwwnu in ~M vswl studard polity fo~n~, in ~ awn approwd by tM MORtGAGEE, and windtto~m
insw~na In tM wwl ~tandud policy form, in ~ wen ~pprov~d by tM MORTGAGEE, h wd? company o~ cpiipania as tM MORTGA(iEE +n+y
dinctt ~nd ~II fin ~nd windstorm Irowanc~ polici~a on sny of said bui{dinp~, any interKt tha~n a put tF?K~of, In tM p~reQu~ wm aEa~said a ~
In ~:pq tlwnof, sMll ca+qir~ tM ~swl standard motl9ag~~ tl~ q wth oth~r d~us~ as tM Mon~a~N may requir~, n?~kinp tl?~ loss uedK faid poli~ +
c'NS. ~ach ~nd wery, paY~bl~ to wid MORTGAGEE a ih intaat m~y ~ppear. and .ach and •wry su~h policy ah•11 b. prwnpNy e~s:ynad u,d d.liv.r.d ro ~
~ny h~W by ~id MORTGAGEE a funhu ucvrity to uid mo?ty+~ debt. and, not ks> >han an (10) days io ~dv~nc~ of tM euplration of ~ach policy. ro dr `
liw~ to taid MORTGAGEE • renewal tM~eof, top~tMr with a reaipt for th~ p~~mium of wch r~newalj ~nd then sh~il b~ no fin or windstorm inawaec~ ~
p1~o~d on ~n~r of satd buildinps •ny in~er.s~ fh.r.;n w p~n rMr.oi, unless in tM form a~d with tM Iws payabl~ u afw~saidj and ~ ~M swM any wm `
of mw»y becanes p~yabl~ ue~ wch poli~y ar pol;ci~s said MORTGAGEE th~ll haw tFN optian ro receive +nd ~pply tM s+rn~ on account of tM ind~bnd~
n~ss attvr~d husby or w petmit ssid MORTWIGOitS to rspiw and us~ N or any psrf thereof fa oiher pwposes, wilhout thxeb/ waivin~ w impai~- ~
in~ any pviy, li~n or riphl w~d~r or by vinw of this n+ortyap~: and in tM ~v~nt s+id MORTGAGORS shal) for any ~eason fsil to ksep tM s~id pnmisa w ~
inwred, or fail to d~livN ptwnptly ~ny of said polieiq of inwr~e?o~ to s~id MOkTGIIGEE, a fail promptly to pay fvlty sny prsmi~m rherefor or M any 1
r~p~er fail b paForm. d'+acha.~, execut~ ~fhet, compl~tq comply wi~h ~nd ~b;d~ by this oovenant, or any pan hHwf, said MpRTGAC,EE m~y plac~ and j
WY fa sud~ imwanor or aoy part thaeof without wahrirg w ~ff~cti~p +M~ ePtion. li~n, puitY. a~ight vnde~ or by virtw of thh Mortya~e. ~nd the ~
full anauM of e~h and ~wry such payrtMm shail bs im~wdi~MW d~ ud payabla snd sh~!! bsar tnterast from the dst~ the?eof unNl p~id ~t tM rat~ of #
nins p~r cMtum pK annum and topethet with wch i~tKest a}NI! be secvrod by tM liwn of tlw monyapt.
1. To pamit, aonw~3t or wffw ~?o wast~. Ima4m~nt or deterior~tion of said propKty w~y put thsnof, ~
S. To pay ~II and sinpvla th~ cosn„ eharpes ~nd ~xp~ns~~. Indudinp • r~asayble anan~y's f~a sod costs of ~bstncy of titt~. incurred w p~id ~t ~
any time by said AhORTCsAGEE, b~c~se or in N+~ ev~nt of tM failv?s o~ th~ part of tM sak! MORTGAGOR a duy, promptly snd fully psriorrr4 dNCF~uy~;
execvte, efhcl. oomplet~, tomply with and ~bid~ by ead~ and ewry tM stipulations, aqreements. ca?Jitio~s„ ~nd oownants of taid promiuory not~ and this ~
mo.type any w~ithar. and aid ooats, chupes ~nd ~xp~rws, each a~+d ewry. sh~N b~ tmmediately dw end payabl~j wherher a ~ot th~n be notice d? ~
manc~ a»empt to coUect a wit pendirgj and tM f~ll amo~nt of esch ~nd eve~y wch p~ymei+t thall bea~ interest frwo tlw dat~ th~reof u~til p~W N th~ k
rate of nin~ per centum per aMwm; and all siid cosri, dw~et ~nd expsoses incurrod o~ paid, tog~ther with such interest, shall b~ secured by th~ li~n of thu !
,
6. 'f1~at (a) te th~ ewM of any br~sd+ of tbis Mortys~s or daf~vlt on the parf of ths MORTGAGOR. or (b) in the ~ven1 ~ny of s+~d svms of mpKy
heroin ?tfe?red to be nW promptly s~d fuly paW within thirty (3p) days next ift~ ths same severally become due and payabb, witho~t dem+nd a noticy.
o? (~J (n the event cati~ ~nd every the stipulations, ag~sements, cpxlitions and covrna~q oi said pre.nisso~y nots and tA~s mort~spe any or titha an no1
iuly, prompNy u~d fully perform~d, d~sch~rged, exacvtsd. ~ffected, eompleted, coenpl;ed w~th and abidrd by, thsn in eithsr a any such ~wnt t1?~ s~id p~
pre~aat~ sum rneMioned in aaid promiuay note then remainug ~np~id, with imerest accrued, and all mo~ey~ setured hereby, th~ll becvme dw a++d piy-
able forthw;th, a the~eaHa, at 1hs option of said MORTGAGEE, u fully ~nd comple~ely as if ~II of the said wms of mon~y we~e aipinallr atiputated
to be paid on wch day. snythirg in ssid promissory not~ a in this Nb?tpa9e to the contrary notwithstsndingj and thereupon or thereafte~ at tM option of
uid MORTGAGEE, without notic~ w damand~ sv;t at taw or tn pvity, therefore a thereafre? beyvn, may be prosscuted u if all morwys s~cw~d hsreby
had mituted prWr to its institution.
7. ihat in N+e event that at tM beginninp of w ~t any tim~ pendirg ~ny wit upon this Mo.tgage. or to fo.eclos~ h, or b nfam h, w b eniwp ~
payrnent of ~ny daims herevnder, s~id 11AORTGAGEE shatl appty to the Court haviny jwisdrction thereof for the appoentment of i Reccive~, such tourt sMll f
Forthwith ~ppoint • receiver of said mortysped pro~ty ~II snd sirgulu, indud~ny all and singvtat the income. p?ofits, iuues a~+J reva+~res from what~vK
sourc~ d~rivad, esd+ a~d every of wFiKh, it beinp ~xpressly undentood. is hereby mortgaged u if specifiufly ~tt fwth ~nd de~tribed in tht yrantinp usd
habendurn dausa hereof, and such Receiver shsU hsve all ths brosd snd effective fvnct~ons and powen in anywise entrusted by ~ Court to ~ Reoeivt~. ~nd
iuch appointment shall be m+de by svch Court as ~dmitted eqvity and • m~tte~ of absol~ro ~igh~ ro said MORTGAGEE, a~d without r~feranc~ to th~
adequscy w in~deqwcy of th~ wtw of the properry mortgped er to the wtvency or insolve~cy of iaid MpRTGAGOR a the defendants, and tMt such
renn, profin, incane, issues and revenves shall b~ ~pplied by suc#~ Receiver accordinp to th~ lien a equity of said MORTCsAGEE aad the pr~ctic~ of wch
Court.
8. To duly. promptN +~d fuly pKform; dischar9e, execute. effect, tete, aom 1 with and ~bide t
conditions ~nd oovenanri in s~id p~i ~ P Y bY e+ch aed tvery ths stipulafio~s, apreeme~b,
pr nswy note unid thia mort9sy~ set fath. -
9. Th~t in the event the owrn~rship of the mort9aped prem;ses. or a~y psrt ther~of, becwn~s vested in • penon other t!?~n the JNORTGAGOR, th~
MpRTGAGEE, its succeuws and auigns, may, without notice to the MORTGAOR, deal with such wccessor a succeasa in interest with mEer~nce fo this
mortyaye and the debf hereby sscured In tF~s saene rnsoner q with Nbrtgsgor without in sny way vitistirg w disch~rg'u~p the Mostysgors' liabilify here~
under a upon the debt hereby secvred. No seie of the premises hereby mortgaged a~d no forbcarance on the part of the MORTGAGEE w in s~ccesson
or suigro and ra extension of the time fo~ the payment of tMe debt hercby stcwed given by ths MORTGAGEf w ih wccessors o? assiyry, ~hsp o~r~t~
to release, discAuye, modify charge w ~ffect the original liabiliry of the 1111~RTGAGOR herein, either in whole or in put.
10. It is ipedficaliy agreed that time a of the ess~nce of this contract and tMt ~a waiver of any obl'gation hereunder oi of th~ obli~ation se-
cured hereby sFwII st any tirM thereafier be held to be a w~iver o( the terms hercof u of the instrvment securcd he~by,
1 t. fn addition to the forego:ng monthly payments of princ'psl arw! interest requi~ed by the pomissory note secured hereby, mwt~agor tpwn~ny
and +qrees to pay ro mortgagee with each monthly payment an additionsl sum estimated by matgagee to be equal to 1/12 of the annual cost of the follow-
ing: _
A-All real property ta:es kvied or assessed agair~st the above dewibed real estata
B-Aremiums on fire ar~d windstorm inwrante as hetein rNquired to be carried on the improvemenft sitwte on the above desdibed premises.
C-Premiums on such mortg~ge gwranty insw~nce aa mortgsgee shall from time to time deem fit to urry on the Iwn setured hereby.
Mortgagee shall from time to time ~otify mo.tgagw in writing of the amount due and psyable hereunder and such wm shaH thereupon be due and
pay~bk o~ the due date of the ~ext mo~thly payment and exh sexcessive month the~eifter until mortgagee shall not;fy mortgsgor of a chanpe in wch
amo~nt. Such sums shall be apptied by mortgsgee row~rd the p~yment of real p?operty ta:q, insurance prem:ums, and mortyape 9usranty irat?w~ce
premnuns.
!N WITNE55 WHEREOf, the saed MOR7GAGOR has hereunto sst his se~l the day and year fint afores~id.
sg~ s~.~a .~a ei~~ ~a ~~~:ED AND RECO~~E''~
7. lUC1E COUNTY. Fl.A• -
- ~~-coRn~ ~ .
- ~ f ~~y
,69 ~ B pM 11: 5 I -
STATE OF FIORIDA ~
couxrr oF ST . LUC I E ~ ~
e.ro.. e» pe.swwAy „sd =tpjy~~ AS ins aod
Gene ~ Watkins ~L ha w:te, ro~+e ~.n k~ ~~a k~o~~ ro~.,o
the individuab deurib~d in ~nd who exeait~d t!w forapoinp instr~nt, and a~knowkdped b~fore m~ that tMy executed the ssmt for th~ purposn
,~1eft~ ,4i~ Gene H. Watkins
wife of th~ aaid Meltby F. Watki~s ~ M~~e
exunen~tan by me taken separat* and apaA hom her s~id husbu~d. aduiowl~dQ~d eo and b~{w~ rn~ tMt shs execvted said irotrum~r?t freely and votvo-
tarily a~d withovt any oomp~bioe~, co~+sir~int. ~pprehtnsion. pr fear of or from her ~aid
wtrNESS eny hina .na ofriu.~ r6:~ d,y ,f une A. p. 19 69
.cX~~}xs
, r,w.ry ~aK r~ u+d for th~ Sut~ of fiaida ~t lupe
R~turn Ta u t; r r~r, . My Commissioo ~xpires: i
f.a.~.~ s.~~s a to.~, nsso~~t~ -'•~,r . NM~~ Ilii4 Stabe ~f Fio~id~ at larp~
of Fo.t v~erce. . ~ -
` res
~o~+ P~oe. Fio.~d. - " M1? Cewwissi~ f,rpres S~t, 23. 19b9
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This Instrument Prepared By ?t~ory,~ ~'A. ,Ds~~~,,,:
First Federa) Savings b loan Associatwn , 0~
of Fort Pierce~ !?losida? . ~j~~ a00~~~ .7i7
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