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3. To p'lac~ and con~inuousty keep on ths bu~'din9i now a F+ereafter ~ituats on said land and on +II eq~ipme~t snd pcnonally :overed by this mort~
age, with all premivms thereon pa~d in full, fire i~suronce in ths usual standa~d policy form, in a tum approvsd by the MORiGAGEE, and windetwm
insurance in tM ~iual standard po~~cy fam, in a ~um approved by the AhORTGAGEE, in iuch company w comp+n~a as the MORTGAGEE may
direct; and all fire and windsrorm i~surance po~iciea on any of seid build~rgs, any interest ~herein or part thereof, in ~he aggreya~e ium ~toret+id w
in exceu ~hcreo(, shall contain ihe usual standard morrgagee clsut~ w such otha clause as tM Mortpagee may requ~rs, makinp the los~ unde~ ta~d polF
tiss, each and eve~y, payab~e ~o said MORTGAGEE a~ iri interest may appear, and each and eve?y s~ch policy iF~alt be promp~~y ~ss.gned and delivered to
any held by said MORTGAGEE as further secur7ty to said mortyage deb~, and, ~ot leu than fen 1101 days in advance of the expiration ol each poticy, fo dr
livsr to uid MORTGAGEE a renewal thercof, to~e~he~ with a receipt tor the prcmium of s•xh renewat; and ~here shall be no f~re or wind~~o~m insuranc~
plxed on any of said build~ngs, any interest therein or pa~t lhereof, unfess in the fo?m ~nd with !he lou payable as aforeiaid; a~d in tF~e event any sum
of money bccomes payable u~der such poticy or pol~cies said MORTGAGEE shall have ~he opt~on to rece7ve and apply the same on accounf of the indebted~
neu sKUred hereby w to permit taid MORTGAGORS to receivs and us~ if or any part thereof for othc? purposes, wi~ho~l thareb~ waiving or m~pair-
in~ ~~y puity, lien w ~ight under w by virtus of Ihis mo:'gage; and in the evenl t~id MORTGAGORS shall tor any reason fail to keep the s~~d premius w
insured, or fail ro deliver promptly any of uid polici~s of insurance to said lMORTGAGEE, w fail promptly to pay fulty any premium therefa or in any
reipect fail to perform, d~scha~ge, execute, effect, complete, comply wirh and abide by this covenant, w any part hereof, said MORTGAGEE may p~sce and
pay fw suth insurance or ~ny part thereof without waiviry or affecting any option, I'~e~, equity, ot right unde? o~ by virtw of this Mwrgage, and tAt
full amount of each and eve~y iuch payment shall be immediately due ar+d payable and shall besr interest from the da~e the~eof un~il paid at the rat~ of
nine per centum pea annum and together with such interest shall be secured by the lien of this mortgage.
1. To permit, commit w sufter rw waste, impairment w dcterarstion of said property or any part thereof.
S. To psy all and singulsr the costs, charges a~d expenses, including a reawnable attwney's fee and costs of abst?acts of title, incvrred w paid at
any time by said N10RTGAGEE, betauu or in the event of the failure on tha part of the said MORTGAGOR to duly, promptly •nd fully perfwm, d:xhar9e,
rxecute, effed, complete, comply wi~h and ab:de by each aod every the stipuletwns, a9reements, conditions, and covenants of said promisswy note and thii
mortgage any w e~ther, and sa~d costs, chargcs and expenxs, each and every, ahall be immediately due and payable; whether p not the~e be notice d~
mand, attempt to collect w suit pending; and the full amount of each and every such paymero shall bea. interest from ~he date thereof until p~id ~t the
rate of nine per centum per amtum; and a!1 said costs, charges and expenses inturred or paid, logether w~th such iroerest, shall be secured by the lien of thit
mort9ags.
6. That (a) in the evenf of any b~ea~h of this Mortgage o~ defaul~ on tM part of the MORTGAGOR, or (b) in the event •ny of sa~d sums of monty
herein referred to ba not promptly and fully paid within thirty (30) days nex~ a4ter the same severa!ly become d:x and payable, wilhout demand w ~otite.
or (c) in the event each snd every the stipvlations, agreementi, condifions ~nd covenanes of sa~d promluory note and th~s mortgsge any w either are ~ol
~uly, promptly and fully perfwmed, d~scharged, executed, effected, compteted, compl~ed with snd abided by, then in either or any s~ch event tl+e said a¢
gregate wm mentioned in said promissory note th~~ remaining unpaid, with interest accrued, and all rtw~eys secured hereby, shall become dw and pay-
able fwthwith, a tF~ereafter, at the option of said MORTGAGEE, as fvlly and completely as ii all of the said sums ot money were wginatly stipulated
to be paid on such day, anything in sa:d prom;sswy note or in this Mortgage to the contrary notw7thsranding; and tt~ereupon or thereafter at the option of
sa;d MORTGAGEE, without notice or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys sstvred hereby
had matured pnor to ~ts institution.
7. That in the event th~t at the beginning of or af any time pending any suit upon ttiis Mwtgage, o~ to fweclose it, or to reform it, or to enforce
payment of any claims hereunder, said MORTGAGEE shall apply to the Court hsving jurisd~ction thereof fo~ tF?e appointment of s Receiver, s~ch CovA shall
forthwith appoint a receiver of said morigaged prooerty a!1 and singular, includ~ng all and singular the income, profits, iuues snd revenves from whatever
source derived, each and every of wh~ch, it being e~pressty understood, is hereby mwtgaged as if spec~ficalty sN fath and described in the granting and
habendum clauses hereof, and such Receiver shall have all the broad and effedive funcl~ons and powers in anywise entrusted by a Court to a Receiver, end
such appointme~:t shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, ~nd without reference to the
edequacy or inadequacy of the value of ~he property mortgaged or to the wlventy w insolvency o( said MORTGAGOR a the defendants, and that such
rents, profits, income, issues and revenues shall be applied by such Receiver according to the lien w equity of uid MORiGAGEE and ?he ptactite of such
Courf. .
8. To duty, promptly and fully perfwm, discharge, execute, eifed, compiete, comply with snd ablde by each and every the stipulations, agreements,
conditions and covenants in sa~d promissay note and this mortgage set fwth. ±
9. That in the event the owiership of the mortgaged premises, w any part thereof, becomes vested in s person other than the MORTGAGOR, ths
MORTGAGEE, its successws and assigns, may, without notice to the MORTGAOR, deal with such successor w successor in interest with reference to this
rr.ortgage and the deot hereby secured in the same manner as with Mortgagor without in any way vitiating a discharging the Mortgagors' liability hert
under or upon the debt hereby secured. No sale of the Fremises hereby mortgaged and no forbearance on the pan of fhe MORiGAGEE w its sutcesson
or assig~n and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEf or its s~ccessors w auigns, sha11 operat~
~o release, d~uharge, modiiy thange w affect the origi~al liability of the MORTGAGOR herein, eithe? in who~e or in part.
10. It is spec~fically agreed that time i~ of the essence of this contratl and that no waiver of any ob~igat~on hereunder o? of the obligatan sr
cured hereby shall at any time thereafter be held to be a waiver of the terms hereof w of the instrument secured herby.
11. In add:tio~ to the fuego:ng monthly payments oi prinCpal and interest required by the promissory nore secured hereby, mortgagor covenants
and agrees to pay to mo:tgagee v.ith each monthly payrnent an add~rional sum estimated by mortgagee to be equal to 1 j 12 of the annual cost of the follow-
~^9:
A-Alt real property taxes leiied or assessed against the above described real estate.
B-Premiu~ns on fire and windstorm insurar.ce as herein requ~red to be carried on the imp~oveme~ts situate on the above described premisea.
C-P~emi~ms o~ such mortgage guaranty insurance as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby.
~ Mwtgagee shail from time to t~me notify mort9agor in writing of the amount due and payable hereunder and such wm shalt thereupon be due and
payable on the clue aate af ~he next monthly payment and each svccessive rtwnth thereafter ur.ti: mortgagee shall notify mortgagw of a change in wch
~ amount. Such sums sF.all be applied by mortgagee toward tFx payment of rea) property t~:es, insurance prem:ums, a~xl mwtgagt guaranty insurance
€ premivms-
$ IN WITNE55 HER~OF, e said MORTGAGOR has hereunto xt his hand and seal the day and year first aforesaid.
E \ Sigped. Se ered i ence of:
¢ FILEO AND RECOROED°. , Q ~n
g ST. LUCIE COUNTY.' ~LA.
~ RFCOR~ VERIFIED •n
: _ • lgs~,~ ~~-~-c-~ _
5 '69 OEC I 5 AN I: 37 ~..n
: ;-L
STATE OF fLORIDA ~ q •
~ COUNTY OF ~ t • L uc ie ~ ~Li~/~ ~ ~ t.~ . "t` _ ~J . =
~ ; rank ZA ~ ~tTR:+S - = =U - .
~ Before me personally appeared t~ ` ~ . ' y - - - +~td ^ `
3 pnna B. Bruce CL~~~~IT7~URTt his wife, ro ~ W~H k~ow~~~~'~,~y;me to bs.=_-
~ the individ~ali desuibed io and who executed the foregang instr~ment, and acknowkdged betore me fhat they executed tl~e :ysA~e •to~.lttt purposes
~ • •
` therein expressed. Aru! the ssid n nna R $ r Lr r~ ~~i~*,7 ;
& wife of the ssid - r rank A. R rtr_ n , upon ~ sspi/NI a~±d: jirivift ~
~ examination by me taken separate and apart from her said husbapd, atknowledged fo and befwe me that she executed said irntrwetAd~.frs~lx'~nd vbluil~ ` ~
tarily and without any compulsion, constraint, apprehensi n T~u of or from her ssid husband. '
WITNESS my hand and official seal this day A. b. 19
Notary Public in ~~d for the State of Florids at larye
My Commiuia~ expira:
- Return To:
Fint Federal Savingi b loan Association ~ i:,,{ r F y r~~ 4~ I if I C Lr F.~.,.,,a ~ 1
Of Fort P~erce. 'tr1Y CU('i~~TijjICN EXF~IKES ftUY. 'l3~ y%
Z
`y Fort Pierce, Florida ~NDCD niROUGN rRED N', p~FSTELHOPS.
t?
L~ "
This Instrument Prepared By J. L` . Chastain
First Federal Savings & loan Association
w; of Fort Pierce ~ Florida
~ Checked By ^ R
s=j 800K1~~ PAGE1~94
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