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To plao~ and contin~ously kNp on tM bulldinps r+ow o~ hK~sfier Wtwt~ on said land ~nd on dl equipm~nt and p~norully covN~d by this mo~p. ;
p~. with all pr~miwns tlwreon p~id in full, fln insu~anct in tM uswl srand~rd pol;cy forr~, in • ~~m approv~d by tM MORiGAGEE. ~nd wind~torm
inivrant~ tn tFN ~nwl sundard pol;cy farty in ~ sven approv~d by th~ MORTCsAGEE, in wch company w comp~ni~s as fFK MORTGACsEE may !
dir~ctj ~nd all fir~ and windsto~m iniwinea polic~es on aey of said buiid~np~, aey inter~s~ ~hsreie or part rhenof, in tM apyreQat~ sum ~fa~said a
!n txcea the?toi. shall contain /M ~+s~al st~ndud mortgape~ cla~s~ a such othK cl~us~ as tM Mat~sgN may ~pu'u~. makinp th~ lost undK wid pol}
cia, sach and ~wry, payabt~ b said MORTGAGEE as ib imereit may app~ar, ~nd Nth ~nd ~vsry such po~icy shall b~ promptiy ~u:yned M1d ilfllYffld ro
aRy h~W by said MORiGAGEf ~s (u~rMr security ro said rnwtpaQt debt, and, nW leu than ten 110) days in advanc~ oi the eapiration of each policy, to dr
liw? ro wid MORTGAGEE a r~newal t!?~reof, topetMt with a reteipt fo~ ths pr~mium of tuch ronewalj and ther~ shsll b~ eo firo w winds~wm inw~~np
pl~ed an aey of said buildings. ~ny intere~t ther~in o~ part theroo(, unleu in Ih~ form u+d with tM loss payable u afas~idJ and k~ tM ~wnt ~ny wn?
of mon~y becpn~s payabl~ w+de~ wch poUcy or policies said MORTGAGEE shall haw ~M option to receive u+d appty the sama on accou~l of tha Ir~bted
neu ~etvred h~reby p tp permit said MpRTGAGORS to ~eceiw ~nd uss it p a~y p~t thereof fo. orher purposes, wi~hovt lhereb~ waivi~tiy w unpaia
irg any p~ity, lien or right w+der or by virtw of this mozrpaye; and in tM ~vant aaid MORTGAGORS shall tor u?y reason f~U to kaep the said p?emiu~ w
insured, or fell b ddiver promptly any of said policin of insur~nce to said MORTGAGEE, w fail p:omptly to pay fulty ~ay premium the~efor w in ~ny
respect fail b pNfw~n, dischuy~, execv», ~ffect, comptete. comply with ~nd stHde by th~s covenant, w ~ny part hweof, sald MORTGAGEE may plac~ ~nd
pay fa suc!? Uuuranq or ~ny part thereof without waivinp w ~ffactinp a~y op1'ron, lien, aqvity, a r~9ht wxla a by virtw of this Mw~~, ae?d the
full urio~M of ~ach ~od svtry suth paymer?t shall be immediately dw and piyabls ~nd thall beu interest from tM d~t~ thereof untif paid. et ~M rah o1
n~ne per cenfum psr ~nrwm and togethe~ with ~uch interest ihaU bs secured by tM lie~ of this mortgs~e.
I. To pa~mit, eommit a wffsr no wuts, impa'urrKnt or deterior+tion of ssid property or aoy paN thereof.
S. To pay all ~nd sinyulu ti+e cwls. cMr~es ~nd expenks, includirg a rc~sonable anorney's fce u~d cost~ of absnscts of titl~. incurred o~ paid it E
eny tims by said MORTGAGEE, bacaus~ w in the event of the failure on the pan of ths said MORTGAGOR ro duly, promptly ~nd fvNy perform, d~scharq~ ~
execut~, affec~, complet~, eomply wfth and ab;de by each ~nd svery the stipulat~oru, agreen+~nn, co~ditio~s, and cove~a~ts of said promissory note and thii
:nwtyaps any w eithe~. and said costs, cF»~ges u+d expenses, each and evefy, shall be immedi~tely due and paysble: whether o? not there be no~ice tlr
mand, sttempt to colkct or wN pending; and the full amovnt of each ar+d every wch payment ahall bca. Interest from the date thereof until paid ~t the ~
~ate of nine per tenfum per annum; and all said costs, charges and expenses incvrred w paid, together with suth interest, thall be secured by tl» li~n of thii
^~9+W~
Q. Yh~t (s) in tl~e ewnt of any bresch of this Mortgaye or defautt on tM part of the MORTGAGOR, or (b) in the event any of sa~d sums of nwner
herein referred to be not ptc+mptly snd fully paid within thirty (30) days ~xt sfter the same severally become due and payabk, without demand o~ notice,
or (c) 1n the avent cach aod every ~he stipvlations, agreemenrs, conditions and covenems of sa.d {xomissory note and th~s mwtpage any w e;ther •re no1
iuiy, promptly and fvlly performed, d+uharged, execufed, effetted. tompkred, compl~ed with and ab~ded by, the~? in eithe~ w ~ny suth w~M tl+t said a~
gregate wm mentio~ed in said promiuory note then remalning unpa~d, with inrerest accrucd, and atl money? s~cured hereby, shall betome dw snd pay-
a~le fathwitly a thereafta, at the option of said MORTGAGEE, as tulty and completely as if all of the said wms of mooey were wigin~lly stipsrt~ted
to be paid on s~ch day, anything i~ said promitsory note a in this Mortgage to the contrary notwithstanding; and thereupon or thereafter ~t tM op~;on pf
:a~d MORTGAGEE, without rarice w demand, wit at law a in eq~ity, therefwe a thereaher begun, may be proxcuted as if all ma+eys secured hereby
had maturcd prior to its imtitution.
7. Thst in the event that at the beginning of ot at sny time pe~ding any wit upon thia Mortgage, w to foreclose it, w to refwm it, o? to enforp
payment of any claims hereuoder, sa;d MORTGAGEE shall apply to the Cour~ haviny jwisdid~on thereof tor the appointment of • Recaver, such Co~rt at»tt
fwthwith sppoint a reteiver of said mortgaged property all and singuls~, includ~ng all and singvlar the incoms, proiits, iuves and revenues from whatever
wurce derived, each and every of which, it being expreuly understood, is Fureby mwtgaged u if spec;tically ~et fath and desuibed in the 9ranting and
habendum tlauses hereof, and such Receiver shall F~ave al( the broad and effective {unc~~ons and poweas i~ a~ywise entruued by a Court to a Receive~, end
:uci~ appointment sha4 be made by such Court as an ad:nitted equity ared a matter of absolute right ro said MORiGAGEE, ~nd without refererxe to the
edequacy p in~deqvacy of ths value of the p.operty mor~g~ged or to fhe sotvency w~nsol~ency of said MORTGAGOR w the defendann, ar+d that such
renrs, profia, income, iuves and revenves shall be apptied by such Receive~ MCO/di/l9 10 1lfp IIM Of equity of wid MORTGAGEE and the pradice o( such
COUA.
8. to duly, promptly and fully pe?form, d~scharge, execute, effcct, compkte, comply w~th and ab~de by each ~nd every the stipulations, agreements,
conditions snd covenan~s in wid promissory ~note and rhis morrgage cef forth_
9. Thet i~ the evenf the ownership of the mort9aged premises, a any part thereof, becwnes vested i~ a persw~ other than the MORTGAGOR, tM
~1~ORTGAGEE, in tucceuors ~od auigns, may, w;thout notice to the MORTGAOR, deal with s~ch successor a successor in interesf with reference fo this
mortgage and the debt hereby secured in fhe same manne~ ai with Mortgagor without in any way vitiaNrp or d~stharging the MortQagors' liability ikre-
under a vpon fhe dcbt hereby secured. No sale of the premixs hereby mortgaged and no forbearance on the p~rt of the NWRTGAGEE w its wccesson
or augns and no extension of the rime fw the paymeM of the debt hereby sKured yiven by the MORTGAGEE or ifs successws or us:yns, shall ppertle
ro rel~ase, discharye, modify charge a affect the orig;nal l;abil;ty of the MORTGAGOR herein, either in whole or ia put.
10. !t is specifically agreed that time is of tFK cssence of this co~tract and thst no waiver of any obh9atwn hereunder or of tht obliyation ~r
cured hereby shafl at any time thereafter be he;d to be a waiver of the temx hereof or of the instrummt secured herby,
11. !n addition to the forego:ng monthly payments of princ'pai and interest required by the promiuory note secured hereby, mortgagor cpven~nri
a~d agrees to pay to mortgagee with each monthly payment an add:rionsl sum estema~ed by mortgagee to be equal to 1 j 12 of the annual cost of the fo:low-
ing:
A-AU rest property taxes leveed' w assesseci against ~he above deuribed real estate.
B-Premiums on fire and windstorm insurance as herein ?equ~red to be carried or. the improvemeits situate on the above described premises.
C-P~emiums on such mortgage guaranty insu~ance as mortgagee shall from time ro time deem iit to wrry on the ban secured hereby. '
Mortgagee shatl from time to time notify mongagor in writin9 of the amount due and payable hereu~der and s~ch sum shall therevpon be due ~nd
~ayable on the due date of the next monthly payment and each successive month thereafter ur,ril mortgagee shal( not~fy mortgagor of a cha~ge in wch i
amount. Such sums shal( be applied by mo~tgagee toward the payment of real property taxes, insurance prem:umi, snd morfyage guaranlr inwrance
premiums.
~ IN W17NE55 W REOF, th id RTGAGOR has hereunto set his hand and xaI tfx day and ytar finl afor id.
o
5~+1 of: /
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a
SiATE Of FlOitIDA ~ ~ ' .
courmr of St. Lucie ~ _ ~ ~ ~ ~ ' ' _
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bef«~ P.rson,qy ,pp~,~ R ic hard L. Qual ls _ • ~
Be't4y S. QLid11S his w7fe, to m~ weN know ind ~qbwi fo~rye fp ,l = .
the individwb desuibed in and who ~xecuted the forpoiny instrument, and ackrwwtedyed beFwe o„e that they ~xecvted t~t ~anq.fa. tl~
fhrein ~xpres~ed. And th~ said B@ t t~i ~ 1]~l l l S .s= . Q
wife oi tM s~id R1Cha.Zd L. f<u2~115
upoo a ~sipwat~-~od^~piiv~t~
exsminaYiwt by me t~kee~ separste and apart from her said husband, ~tkrawledQed b a~d before erK f1+at she exetuted said erotrument-fre't1y acd voluef-
rarity a~d withovt ~ny compulsae?, conitraint, appreher?i n, or fear of or from her said husband.
WITNESS my h~nd ~nd offkial seal t' ~ day of J~ A. 0. 19
6~
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Nota ublic in ~~d ior the Stu~ of florida at larp~ ~
R~turn Ta. ~ My Canmwae ~zqres:
Fint F~de~af S~vinps a toan Auod.t~on IffflT~A1 F"~~LIQ STATF !!F fLDB:D~ AT LAkof
MY COMMl~510N EICPIRES tiOY. 29~ 197Z
Of FOrt Vierte. qNOEO ?uppU(if~ FREO N. t~~f!1T[LNpR~.
Pprt Pierce. Flotid~ .
FILED AND RECORDED
LUCtE COUtJTY. FLA.
~=^t`r~ F~i.~
j}~E;,
This Instrument Prepared By J. D. Chas tai n ''~14 ? ~
F+rst Federal Savings b loan Associatian ~
of Fort Pierce, Florida '~9 ,~i`~ 2~,~ . 0
Checlced By ~ ~ ~
•fik.1S ;
~ . CL~~K ~;f2L(;!T COURT
a°o~1T8 n?~1~ •
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