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S. To pl~p and conlin~ously k~p on t!k buildinps now a F?K~aEtN sitwt~ on said laed ae~d on all pvipm~nt ~nd pKSOn~lly covN~d by this morf~
p~ with all p?emiums thsreon paid in fvll, fi~~ iewuranc~ in tM uwal us~,dard policy form, in ~ sum ~pproved by tM MORiGAGEE, aod wiew~to~m
kawana i~ tFw uwal at~n+i~?d policy fany ie • sum ~pprowd by rh+ MORTGAGEf, in wch tompany or sompanies u 11x MORTGACsEE may
dirMt N+d all 1In u+d ww+d~~onn Gauru~ policies an +ny of ssid buildi~ps, ~ny intertst tFwr~in w paN thereol, in tM a~preyat~ swn ala~iaid w
tn ~tuu thcrwt. ~MII cont~in tM vwal ~tandud morroa~ cl~u~ a s~ch othN clauw u ths AAortpapa~ may rpuk~. makF.~p tM lou ur~de~ ~aid poli~
cia, ssdr snd ~very, parab~. a saW MOR~GAGEE a ib intereat may ~pp~u. ~nd each a:x! ~wry s~ch policy ~Mtl bs promptly ass:9ned and delivKed ~o
•oy MW by said MORTGAGEE ~s fwtMr sacv~ity to a~id matya~ d~bt, and, not Ihs ~hu~ ten {10) daya in advanc~ of th~ expk~~ior? of sach poliry, ro dr
IivK ro aid MORTGAGEE ~ nnewal thenOf, Wpt/hN wirh ~ reteipr for rM primivm of such r~new~l~ ~nd 1F~tr~ sMll ba no fi~e a wind:to?m inwru~c~
pl~ad on any of aid buildi~gs. ~ny inla~st fM«u+ or put tF?K~of, unltu i~ tM fwm ~nd with tM Iws psyabl~ as ~for~said; ~nd in ti~ ~wM a~y wm
of ma~ey becomes psyable urdK wch policy a policiK said MORTGAGEE ihalt h~ve tl» option ro raoaiw u+d apply the ~ame on accounl of tlw indebled-
ness secvnd ht~eby Or b pNmit said AAORTGAGORS fo reOeiw u~d uk H w any pa~t thereof for othcr purposes, without thareb~ waiving or impair-
inp any puity, li~n or ri~M w~da a by vulw of this mortpapej and in tM event ~aid MORTGAGORS sAall fw soy reaton fail fo keep tM s~id pr~misea w
it?wred. w fail lo dtfiver pron+ptly any of said polities of inawanq ro aald MORTGAGEE, w fail ptomptly to p~y fully any ptemium therefa o~ in anY
r~spect fail to p~rfwm, dischu9e, exetut~, efftct, canpkts, oomply with u~d abide by this covenant, or ~ny pan hereof, said NIORTGACsEf m~y pl~p and
pay for ivck irou~anu w~ny psrt th~nof without waiv'uip w~ffectinp a~y option, li~n, puity, or ryh~ vrde~ a by virhu of 1hls Monya~s, and the
full anavnt of ~ach ud ~wry such payment sh~ll b~ imrnedi~tely dw a~xl pay~bl~ se~d shall beu Mterest f~om ths dat~ thenof u~til paid ~1 th~ ~~q o1
nine per centum per arwwm ind toye~her with wch intKest shall be secured by tM lien of this matq~e.
1. To permit, conw~dt a svffa no wut~, Gnpaumsot or detNior+tion of said proparty or any part tMreof.
S. To p~y ~II and sirgular tM cotts, charpp and expema„ inctudinp a reaso~sble attorney's fee and cosls o! abatrxls of titls, incvned or paid at
any tim~ by said AAOATGAGE~, b~caose a tn th~ went of tM f~ilwe on ths put of ths sak! MORTGAGOR to duly, promptly and fvlly perform, dischar~t
execut~. ~ffstt. canplet~. tomply with ~rd ablde by sad~ a~d evay the itipulations. aprcaments, conditions, ~nd covenanb of sa~d promissory ~ote uK! thN
mortp~ye any or ei~her. and pid ooses, tharq~s and expeoxs, tacA and ~very. sh~ll b~ immedi~tely dw ~nd p~yable: wF?ether or not ther~ b~ notiu d~
mand, sttempt to colktt or wit p~ndirgj and ths fvll ~mount of eatl? u~d every svch payment thall bear interest from the date thereof until p~id ~1 the
.ate of nina per centum per amum: aed a!( said twn, tlwrges u~d expansas intvrred ot paid. toge~het witb such iaterssl, ah+l) b~ setu~ad by th~ lien of thA
mortp+D~. `
6. Thst in tM evem of any brexh of this Mon~aq~ a defwlt on ths psn of the MORTGAGOR, w(b) in the evei~t any of s~id wm~ of mon~y
hxein referred to b~ nol promptly ~nd tully p~W within thirty (30) days ~ext after the tame tever~lly become due ard payabk, wifFwut demsnd w no~ic~,
w(tJ in ths evsnt each and every the stipul~tior~s, agrea~ts, conditions and coven~nq of sa+d promissory note anJ th~s mortQa9e u+y or eithe? are ~wl
iuly, prompNy ~nd iutty parforrcwd, d~scF~uyed, exetvted, ~ffected, compkted, complied with ~nd sb~dcd by, then in either or ae?y s~ch ~wnt f!r aid a~
pregate wm mentioned in said proenisswy note theo remaininp unpaid, with intaest ~ccruad, ard all moeeys secured hereby, sMll Detom~ dw u~d p~y-
abk forthwith, or thereafter, at ths optiw~ of said MORTGAGEE, as fully and compktely as if all of the said wms of money were aiQ'u~ally atiput~ted
to be pald oo such day, anytlur~ in ssid prom'~ssory note or in thi3 Mafpa9e fo the conrr~ry notwithstandi~g; and thereupan a fhereafisr at th~ option of
sa;d MORTGAGEE• WiflfOUt IWtit~ Of dlflHfld. wit at faw or in puity, therefore w there~i~er beyun, may be prosecvted ss if dl monsys ascured husby
?wd mar~?ed pnor ~o ~n inst~n?rion. ~
7. That in the evcnt that at the begiiu?inp of w ~t iny time pending ~ny wit ~pon this Mortgsye, or ro fwacbse ~f, a to roform t~, or to snfwp
payment of any daims he.eunder, said MORTGAGEE shsll ~pply ro the Caurt havtnp ~risdiction tl+ercof for ths ~ppointmem of ~ Receiver, such CouN sl+all
fwthwifh ~ppoint a rece'~ver of said mortys~ad property all and iu+yvb~, includ~ng all ~nd sirgul~r the income, profits. issues and reverwes from what~ver
wurce derived, each a+d every of wh~ch, it beinp expressly unds?stood, is hereby mortgaged as if spec~fically set fa~h and described in the y~antinp and
habendum clavses hereof, u~d such Receiver ahall have sll 1M broad ~nd effettiw ivnct~ons acd powers in anywiu entrusted by a Court to a Receivs~. and
such sppointment shalt be made by wch Cou?t u sn sdmined equiry aod a matter of absolute right ro said MORIGAGEE, and without reference to the
adequacy or in+dequxy of the wlue of fhe property mortqayed or to the soNency w inwlveocy of said MORTGAGOR or the defendants, ~nd ~hat svch
renn, profin, inc«ne, iuues ux! revenves sl~all be applied by such Receiver ~coo~dinp to the lier? or puity of said 1NOQiGAGEE and the p?anics of svch
CouA.
8. To du1y. promp~ly and fullp perform, d~scharp~, execut~ eHect, complete, oomply with and abide by each and every ths stipulatiom agreements,
conditar~s and covenaoa in s~id piomissory ~ote ux! ~6is mwty~ set forth.
9. That in the event the ownership of fhe mortgsyed premises, or any pirt thereof. Ixcomes vasted in a person other thsn tM MORTGAGOR, tM
MORTGAGEE. Jts iuccessws ~nd sssi~ns, may, without ~otice ro the MORTGAOR, deal with such successor or wccessa in interest with refaence to this
mortgsge and the deb~ hereby secwed in th~ sarne m~nner as with JVbrtgsgw withovt in a~y way vitiaYmy or distharginp the Mwtysgora' (iability here-
und~r or opon the debt hereby satvred. No sate of fhe premises hereby mwtgeged and ra fabeara~ce on the ps?t of the MORiGAGEE or its waessors
a suigns and no extension of the time fw the payment of tF~e debt hereby secured piven by the MORTGAGEf or iri suctesson or assi9~, fhall operat~
to rNease, discharye, modify clwnge or affect the origi~+ai liability of tM MORTGAGOR herein, either in whole or in part..
10. It is specifically agned that time is of the essence of this coi?tr~ct u~d thit no waiver ef arryr obtigation harevnder a of the obligation se-
cvred hereby sh~Il at any tims thereafier be held to bs ~ waiver of tht terms hereof w of the i~utrument secured herby.
il. In additan to the forsgo:ng mont6ly payments of princ"pal and iMerest reqvired by the promiuwy ~ote secured hereby, mortgagor cpvenany
and agrees to pay ro mottgagee with each monthly paymcnt an sddir'posl sum estim~ted by mwtgagee ro be equai to 1/12 of the annwl cott of the foilow- •
~ng: .
. A-All ?eal property taxp kv'~ed or sssessed a~air~st the above dexribed resl est~te.
B-Premiur.~s on fire and windstorm i~wrarxe u herein requ:red tQ be urried on the emprovemenb situats on the above desaibed ptemiKS.
C-Premiums on wch mortgage gw?anty inwrance as mwtgsgce shsll fran time ro time deem fit to carry on the ban secured hereby.
Mwtgagee shat( from time to time notify mortgagor in vwitirg of the amovnt due and paysbk hereunder and such wm shal{ thereupon be due ~nd
payabk on the due date of the next monthly payment and each succeuive month thereafter until mortgagee slwll notify mortgagor of a ch+nye in such
amou~t. Such :ums shall be applied by mortgagee toward the payment of real property tsxes, inswance prem:vms, and mortgape guaranty inwr~nce
premivrns. -
IN WITNESS WHEREOF, the said MORTGAGOR h+s here~mo stt his hand s~d seal tl+~ day and yeu first sforesaid.
Sigaed, Se~kd and delivered in the prssence of:
~
o ~Hn
~ c~~
~
~
STATE OF FLORIDA ~
~ ccwrm oF ST. UICIB
! Jacob L. Gallmon
~ eerore me penon~~~ya~o.~.~a .~d
j Barline . ~l lnon ~ wife. ro me weK knot~n:.ioa;{ti~o~?e w_ ~n. ro b.
~ rhe i~vidwb described in wd who exea?ted ths faeyoirg t , and n~ beforo me that th~y extcw~ ~Fie.:iLp*'
~arn'~pp'~ne S:~`Csal~non . ~ , .!-~H''I~t:?"rP°'a
i rherein expreued. Md the aa' 1 •
( Jacob L. Gallaon - - ~ •
wire of tt~. ,ald uPo.i a s~T.~. .r~f ~Aj~.s:
~ e:aminsYa~? by me take~ sepsrate snd apsM from her s~id husband, ~dcnowledped b and befor~ m~ thst ahe e~cewted s~id itrtrum~{n~ly a~ii i~e~urf
~ te~ily and withou~ aoy compulsion, constraint, spprsFnruion,~ fear of a fran ha s~id husb~nd. '
bv~TNESS mY h.nd ,nd offici.~ ,a.~ thi• .Z• 3 d,y ,f Septewber - ~ - ~ ' . w. a46~ _
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~ ~ . Nw~ry Pvblic in u~d for ths Stab of at , i
i M ConKnission . - ~ .
Y ~~-.~-7/
' .Zetum Ta.
~ ~.t ~der+~ s~~s a to«, ~s~oc;.r,o~ FlLEU AND RECOROED
E of F«~ PK~«. ST, LUCIE COUNTY. FkA. . .
~ Fort Pierce. Flo.~da ~ a(? E R 1 r t~ d
, .
~ ~ - is3s~s
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~ This Instrument P~epared 8y John W. Collins ~69 SE~ 29 ~ ~ Q
~ First Federat Savi n gs b toa~ Association
~ • of Fort Pieroe ~ Irlorida RaS
r., ,
~ ~h~~ By CLERK C1RCU17 COURT
~ 80 K ~ 1i~E
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