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8. To plea and continuously keep on tM buildings now a Iwreafter situate on said land and on all pv'rpmen/ and parsortally covered by this mortg•
age, with all premiums thtraon paid in full. firo inswanu in tM uswl standard policy form, in a sum approved by tM MORTGAGEE, and windstorm
Inwrartce In tM uwal standard policy form, in a sum approved by tM MORTGAGEE, in such company a companies as tM MORTGAGEE may
diroctj and all fire and windstorm inswance policies on arty of said buildups, any Intergt therein a part thereof, u tM aggregate sum afortsaid a
In ext:ess thereof, shall ca-tain tM uswl standard mortgagee clause a such other clwse as tM Mortgagte rr-ay rpuue, soaking tM loss under said poi}
ciea, tech aril awry, payable 10 said MORTGAGEE as iri interest may appear. and each and twry such policy shall be promptly au:gned and delivered to
any Mid by said MORTGAGEE as further security to said mortgage debt, aril, not less than ten (10) days u advance of tM expiration of each policy, ro de-
liver to said MORTGAGEE a renewal thereof, together with a rettipt fa tM premium of such renewal; and there shall be no f'ue a windstorm inwrance
plaosd on any of said buildings, any interest therein a part thereof, vnleu in tM form and with iM loss payable ss aforesaid: and in tM event any sum
of money becomes payable order such poliq- a policies said MORTGAGEE sMll Mw tM option ro receive and apply tM same on account of tM indsbttd~
ness seared hereby a a permit said MORTGAGORS to reotiw and use it or any part thereof fa other purposes, without thareb/ waiving a impair-
ing any puny, lien or right under or by virtue of this mortgage? and in the event said MORTGAGORS shall fa any reason fail to keep tM said premises so
insured, or fail to deliver promptly any of said policies of inwrance to said MORTGAGEE, a fail promptly to pay fully any premium therefor a h any
respect fait W perform, discharge, execute, efftct, complete, comply with and abide by this covenant, a any part Mreof, said MORTGAGEE may place and
pay for such irtsurartoe a any put thereof without waiving a affecting any option, Iitn, equity. a r'igM under a by virtue of this Mortgage, and tM
full amount of each and curry such payment shall be immediately dw aril payable and shall bear interest from tM date thereof until paid at tM rate of
nine per tentum per amum aril together with such interest shall be seared by tM lien of this mortgage.
1. To permit, eorrtrrsit a wffer no waste, lmpairrrttnt a deterioration of said property a any part thereof.
S. To pay all and sirgular tM costs, charges and experaes. indudirtg a reasonable attorney's fee and cosy of abstracts of title, incurred a paid at
eny time by said MORTGAGEE, because a in tM event of tM failuro on tilt part of tM said MORTGAGOR to duly, promptly and fully perforn4 dischargt,
execute. effect, complete, aornply with and abide by each and every tM stipuleiwrts, agrcemer+ts. conditions, and covenants of said promissory note and this
mortgage any a either, and sad cosy, chuges and expenses, each and every, shall be immediately due and payable; whether a not there be notice de•
mend, attempt to collect a wit periling; and tM full amount of each and every such payment shall bear interest from tM date thereof until paid at tM
rare of n'ute per crnhutt per anrwm; and all said costs, charges and expenses inarrtd a paid, together with such interest, sMll be secured by tM lien of this
mortgage.
eS. TMt (a) to tM everts of any breach of this Mortgage a default on tlr part of the MORTGAGOR, a (b) in tM event any of said sums of money
herein rofarred to be not promptly and fully paid within Thirty (30) days next after the same severally become dw and payable, withow demand a notice,
or (ra in 1M went each and every tM stipuletiorts, agreemenri, conditions and covenants of said i,:omissesy note and this mortgage any a either are nil
iuly, promptly and fully performed, discharged, executed, tffsctad, completed, compl'~ed with and abided by, then in either a any such event tM said ag•
gregate sum mentioned in said promissesy note then remauirg unpaid, with interest accrued. and all moneys secured hereby, shall become due aril pay
able forthwith, a thereafter, at tM option of said MORTGAGEE, as fully and completely as if all of the said cams of money were originally stipulated
to be paid on such day, anything in said promissory note a in the Mortgage to tM contrary notwithstanding; and thereupon a thereafter at tM option of
said MORTGAGEE, without noiKS a demand, wit at law a in puiry, therefore a thereaher begun, may be prosecuted as if all moneys seared hereby
had matured prior to iri irotitution.
7. That in tM event that at the beginning of a at any time pending any wit upon this Mortgage, a to foreclose it, a to reform it, a to enforce
payment of any claims hereurder, said MORTGAGEE shall apply to tM Court having jurisdiciron thereof for the appointment of a Receiver, such Court shall
Forthwith appoint a receiver of said mortgaged property all and sirguls-, including alt and singular 1M income, profits, issues and revenues from whatever
source derived, each and every of which, it being expreuly understood, is hereby mortgaged. u if specifically set forth and described in tM granting and
habendum clauses hereof, and such Receiver shall Mw all tM broad and effective functions and powers in anywise entrusted by a Court to a Receiver, and
such appointment shall be made by such Covet as an admired equity and a matter of absolute right to said MORTGAGEE, and without reference to tM
adequacy a inadequagr of the value of the property mortgaged a to the solvency a insolvency of said MORTGAGOR a the defendanri, and that such
rents, profits, income, issues and revenues slsall be applied by such Receiver according to the lien a puiry of said MORTGAGEE and the practice of such
GouA.
8. To duly, promptly and fury perform, discl-arge, exeate, effect, complete, eornply with and abide by each aril every tM stipulatiom, agreerrtertri,
condiians and covenants u said promiuory note and this mortgage set forth.
9. That in the event tM ownership of tM mortgaged premises, a any part thereof, bemn+es vested in a person other than -the MORTGAGOR, tM
MORTGAGEE, iri successors and suigro, may, without notice fo the MORTGAOR, deal with such successor a successes u interest with reference to this
mortgage and the debt hereby seared in tM same marxter as with Mortgages without in any way vitiating a discharging tM Mortgagors' liability here-
under orupon the debt hereby seared. Nlo sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE a iri successor
or augas and no extension of the time for tM payment of the debt hereby seared given by the MORTGAGEE a iri successors a auigns, shall operate
to release, discharge, modify change a affect tM original liability of the MORTGAGOR Mrein, either in whole a in part.
10. It is specif'~cally agreed that time is of the essence of this contrail and that ra waiver of any obl'~gaian hereunder a of the obligation se-
cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby.
11. In additron to the foregoing monthly payments of principal and interest required by the promissory rwte secured hereby, mortgagor covenants
and agrees to pay to mortgagee with each monthly payment an additional sum estimated by mortgagee to be equal to I/12 of the annual cost of the follow-
ing:
A-AIL real property taxes levied a assessed against the above described real estate.
B-Premiums on fire and windstorm insurance as herein rpuired to be carried on the improvemenri situate on the above described premises.
C-Premiums on wch mortgage gwranty inwrance as mortgagee shall from time to time deem fit to carry on the loan secured hereby.
Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and such cam shall thereupon be due and
payable on the due date of the next monthly payment and each successive month thereafter until mortgagee shall notify mortgages of a change in such
amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, inwrance premiums, aril mortgage gwranry insurance
premiums.
IN WITNESS EOF, the d MORTGAGOR ha to t l~ nil n~ a I,the day aril ye first aforesaid
signed, Sea d d It~e in a of: ~ A~D~tEC~~El~~ .
T, lUC1E COUNTY. Ft.A ~
RECOR ERIFIED ~ a0
... n
STATE OF FLORIDA lpl~r"24 I - ` ~' :~.. N ~} '• -
counm of ST. wCIS ss _ ~ ~ ~ .. _
OGE~~C islet = ~ ~_ ~ -=-
Before me personally appeared Cl F RK C C~ DR~ - ~ . S4_~ ~~ arsd r _ ;
Susan Gelsle! his wife, to me well knc
the individwb described in and who exeated tM foregonrg instrument and acknowledged before me that they exeated
therein expressed. And tM said_ _ - _ _ -Susan Gensler
C
' w n~-io.Ga-~~
~n t~ +M wr~oaes -
,,. ~ ~:
wife of tM said -"----- - --- --- rrpors . sq
exam'utation by me taken separate and apart from her said husband, adutowledged to and before me that sM exeated said instrument
tarily end without any compubion, constraint, appre revs-qr fear of or from her said husband. =
WITNESS my hand and official seal thH -~~ day AuCJt1s~ /f / _
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;ai4k~.rNr_~rlpt:. ~ .
nh- .~..oftin-
A. D. 19 b~
( / ) fdWar~ fiublk in and fa tM State of Florida at large
.~/~'// My Commission expires:
Return To: ~~
First Federal Savings f4 Loan Association tiOTAHY Pii3U~ iTATE OF iL08iDA 29 LARtTE
MY COMMISSION EXPIRES NOY. t lY1?~
Of Fort Pierce. apNDED rnROUiM FwGD W, nnrrw7[LMDR~.
Fort Pierce, Florida
This Instrument Prepared By J. D. Chastain
First Federal Savings dr loan Association
• of Fort Pierces ~ Florida
Checked By ~ dooK 179 X1833
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