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3. To place snd conGnuoufly kesp on the bu~!diny~ now or hueaft~~ ~~iu~~~ on ~rd lend and on al~ equ~pment and persona~ty co~ered by thu marg-
+ge, wi~h •II piem~uml thereon pa.d i~ iull, lire inswance in th~ us~a! standa~d po~~cy lorm, in a sum app,orrd b~ ihe MOit~G~GEE, and w~n~/~Iptm
~~wronce in Ihe uswi ~~andard pot.cy' (orm, in a sum approved by ihe MORTGAGEE, in ~uch company or compan~es as tne A',ORTGAGEE may
duectj ~nd all lire ~nd windi~orm insuranct pol~c~e? on any of sa~d build~npi, ~ny imeres~ ~herein or part ~he:eof, in ~he aggr~•yate •um atoresa~d o~
in exceu Iherepf, sMll ~onlaen Ihe uswl ffandard matgagee daute a such other dsuse •s rhe Mo~tyagre may requ:re, meAing rhe toss Lnurr sa,0 poti-
c~es, esch end e~ery, payable to se~d A1pRiGAGEE as its intzrefl may ~ppear, and each end e.•ery wch po!~cy sfiail be p~ompi~y ass g•~eJ a~:d det~.rred ~o
•~y held by wid MOR(GAGEE at (unhe~ security to said mw~gsge debt, and, not les~ 1Mn ~en (101 days in ad~a~ue of tF~e eapuat~on oi each po;~cy, to d..~-
i~ve~ ~o ia~d MORTGAGEE a renewa! thereof, toyeeher wi~h • rece~pl (w ~he prem~vm of such renewal; a„d ~he.e s?~att be ~w f;re o~ ~.~~wuo~m inl~rence
placetl on ~ny o1 said buildingt, ~ny in~ereft lhert~n w pa~t thereo(, unless in fhe form and with ~M lou payable as afo.e+aid; a~d in rhe e.en1 any sum
of mon~y becomes payabls under such poliq or pohues ia~d MORTGRGfE shell Aave rhe opr,on ro rec~tve d:~d apply iha same on accoo~v of ~he n~urb~eJ•
ness secwed hereby a fo,permil said MORiGAGORS ro receive and us~ il a any p.~r~ th•_:cot for orn~•r ~.~r~ oi~•s, ..:~~,•,_.t ~h i,;
~ng any aqvity, lian w r:yh~ unde~ a by virtve of this mor!gape; ~nd in fhe event satd ti10RTGAGORS shatl For any reaso~ fail to k.:ep tl,t sa~d prem~s:•s so
~:n~red, or fail to de~ive~ promptly any of said policies ol insurance to said MORTGAGEE, o~ fa~l pro~~ptly to pay fu::y any pre•~~~: ~herrfor o~ in a~~y
respect fail to perfwm, d~scharge, execute, eifect, complete, comply wi~h and ab~de by th~s cove~ant, o~ any parl hr~eo(, se~d MvRi„AGEE ~~ay p~sce a~~a
pay (w such insurant~ or ~ny psrt ~hNeof withoul waivi~g w•ffecting any option. lien, eqv~fy. w rdghf unde. w by vireue ol ~i,~s Moregage, and fhe
lul: amount of each and ewry such payment shall be immcdi~iely due ~~d payable u~d sha+l bear in~e~eet from ihe data ~h~~cof unt~l p„~d ai ~he rare of
~~~~e per cemum per annum and to~e~her vv~th such inre~es~ shall be secured by Ihe l~en of th~s mortgege. {
To permit, tommit or suffer ~o vvaste, impairmenf or dete~ioration of said p~operty or any part thereof. ~
S. To pay aIt and singutar tlw costs, chuqet and expenses, ~ocluding a?easonable atro~ney's fee ~nd coits of a~stracts ot titie, incu.~ed o• ~,a~d ar ;
any time by said MORTGAG:E, because a in ~he event of the fa:lure on ~he part of ~he said MORIGAGOR to duly, promptly and tu!ly pe.to~m, d~a.hugr
>xecute, effec~, canplete, comply wah and ab:de by each and every tiN! stipuianons, agreement~, condmons, and co~ena~~rs ol sa~d pro-~.:>sory nore a•:d ~h.t
~:ortgage any oi eifAer, snd sa:d costs, tharges and eapcnses, each and every, shall be imm~d~ately due and ~ayab:e; vvh~the~ p not there he nonce d•r
~ mand, attemp~ to coilect w suit pend~ng; ~nd the full amount of each and e~e~y wch paymrm shalf bea. interes~ from ~he da?e thereof ur~nl pa~d at rhe
~~~e o~ n~ne per centum per annum; and all said tostt, cha~ge~ and exprnses incuned w paid, toyrihe~ w~th auch ~~uercst, shail be secured by ihe i~en of ~h:•
mort9~0.
e_ Tha1 (a) in the event of any breach o( this Mortgaye or deia~lt on the parl of the ASORTGnGOR, or ;b) ]n the evcnt any of sa'd sums of mo~ey
herein referred to be no~ p~ompUy ar.d fvlly paid within thuty (30) days ne,t airer the same seve:a':y beca~~e d~e ar.~ payebtr, wcN~ou~ dcmand or no~,ce,
e~ 1c) in the event exh and ever~ the stiputations, agreemems, to~d~f~ons and tovenants of sa.d p~o~n,ssu~y note and ih~s n:orrfl;ge a~~y o. e~~her are no~
i~Iy, p~ompNy and fuRy perfwmed, d~scharged, eaecurrd, ~ffected, canpleted, compGed w~th and a6~ded Sy, then ~n e~~her o~ any such eYenr ehe sa~d sg
gr~a?e sum ment~oned in said promissory note then rana~ning unpa~d, with intere;~ accrued, and atl moneys secured he~eby, sF,a~l b~wn~e dve and pay-
ae.e fo~thwith, or thereafter, ~t tF+e opr~on of said MORiGAGEE, as fully and comple~ely es if ali o1 the sa+d s~~ns of mo~ey tirere or,g,na~ly sr~pu:a!rd
~o be pn.d on svch day, anythi~g in sa:d prom~ssory rwre or in thes A1o~tgage !o the tonrrary notw~ths+~nd,:g; a~~d si.ereupon or thereaher at the op~~on of
se,d MOflTGAGEE, without notice or demand, tuit at law or in equity, therefwe w thereaher begun, nay be prosewted as if all moneys secured hereby
nad mat_red pi,or to as i~at~tw~on.
7. TF~st in the event that at th~ beginn~ng of w af any tirt+e pe~dinq any suit upon this Mortgage, or to foreclosr it, os ~o reform if, or to enforce
payrrKnt of eny claims hr~euoder, said MORTGAGEE shail apply to the Court having ~ur~sd.ct~a~ the~~rot for the appo~ntment of a Rece~ver, s~ch Cuwt sha~l
Fcrthwilh ~ppoint a re~ce~ver of said mwtgaged prooerty all and singular, includ.ng all and s~ngu~ar the ir.come, pruf~ts, iasues and ~evenues fran whatever
acurce deri~ed, eath and every oi ~vhKh, it be~ng express~y unde:srood, is hereby mortgagcd as if speuf~ca:ty set for~h and descnb.:d in the granr~~~g and
h~ba~dum clauses hereof, a~d such Receiver shall have a~l the broad and effecr;ve fu~cf.ons end powers in anyw~se entr~sted by a Co~~t to a Recr~.er, a~~d
t~ch appointment shall be made by such Court as an ad~nirre<) eqv~ry and a matre? of abso!v~e r,ght to sa~d MORTGAGEf, a~d v.;ihcut refere~~cr to the
edeavatr a inadeqvacy of ~he value ol the property m.o.~gaged or fo fhe so;vency or ~nsoivency ot sa~d V10RiGAGOR or ~he deFe~~de~~ts, ~nd hat avch
re~}s, profits, income, iss~es a~+d revenue• shall be applied by such Rece~vcr accord~ng fo the (~en w rqwty o( sa~d MORTGAGEE a+:d rhr pracr,ce of svch
Cpurt. ~ _ _ .
8. To du~y. prompt!y and fvlly pertorm, dsckarge,- e:ecute, ~ffrct, complete, compty with snd abide by esth and eve.y the etfpu;arions, agree:neros,
cond~tana a~d covenanrs ~n sa~d pranissory noee and th;s mo~tgage set fath.
9. Thar in rhe evenf r},~ own~rahip of 1M mwtqa9ed premues, er any parf iher~o~. becomes vested in a per~n ot}~er than rh~ MOR7GAGOR, rhe
!~'.QRTGAGEE, suaessas and atin~g~s, may, v. hout ~f~ce to the MORTGAOR, deal w~th s~ch successor o~ successw +n ~me~est w~rh ~~te~rr,ce te th,s
R a•~gage and the crbt he.eby secwed in the ss~ne manner as with AM1ortgagp w~thout i~ ~ny way vit:atiny pr d~schsrging the tllortyegers' liab~t~rr F~err
~r~de: or upon rhe debr herevy secured. No ~ale of t1w premises hr~eby mo.tgaged and no forbear~nce on the par~ of the IJ10RiC,:.GEE er its succesiors
er ass~gns and no exte~sion of the time for the psyment of the debt hereby secured g9ven by the MQRTGAGEf or Fts succeason or ass gns, a~.all ope~aoe
~o rNease, d~scharge, mod~fy change or affecl the orig~nai tiab~i~ty of the MORTGAGOR herein, aither in whole er in parf.
t0. tt is spec~ficetty ag.eed thar time is of the esu~ce oi th~s cont.xt and that no wa;vcv o~ any ob{:gat~oa hereunder or of the ob:igation sr
cured hareby sha!~ at ar.y teme tMereafter be ;:td to be a Wi~vN of the terms hereof or of the iosnument secu~ed herby.
' 11. In ,~dd !~o~ !o ihe forego.ng momhly payments of princ pal and interzst requ~re~ by ttk p~pm.sscry ncre sc:.,~rd h~~r~b/, mo'~g3^y~r covenanra '
d a rees ro a~ to me•! a ee v.:th each mo~th' {
9 9 g y par~.~ent en add,tionai sum estn arecl b; morrgsgee to be eq~a~ to 1 12 ct r'ir an:~~~i cost uf the 4o::o,ti•-
~ • . ~
A-AiR r~a? propc.ry tiars lev~ed o+ assessed aga6nt thc above dex.ibed real esrate. '
B Pr ^s on f~re and .wndsro•m insu+acce as herein ~equ,red ta be carried en the :m;;roven ~its s~tvate on thr above d_sa~ue~ premises. !
C-Pre~~~~v~~•s o~ s~ch m.o:tcage guaranty irtsvrar.ce as mo~tga~ee sha;l froT r me ra t:me dee:~ f~t to c~rry o~ rhe Joart sec.,-ed heree~. i
Mortga~ee sti~' f•cm n~~e to t~me not;fy mo~tgagcr ~n wr~t~ng of the a~,o~~t d„e ar+d payable hereundrr and such s~.; sh~i! thr:e~pon be due and {
: j.abte on the ti,.e cia~e ef thr neRt mor.th!y payment and ea~F. successive monrh the:eahcr ~~:iii mertgagee sh3H not.fy mocta3gor ef a change in such
ourtt. $uch sums af~a ~ be app:ied by mortgagee toward the payment of renl property tazes, insurance prem,~ms, a:~d m.ortgage yuaranty insucance
r•emiums. •
IN Yr1TNE55 Y.HER~Of, ~h~ sa~d MORiGAGOR has hereunto set his har.d and seaf the day and year first a( esa~d.
5~~ Sealed and eliv ed in the presence of:
s~~n
, _
- cs~a~~
tSean
(Seal)
~AtE Of fLORIDA ~
CJUNTY OF ST. WCIE ~ ~
1
Befae me perw~stty appeared _ G. B. Wa t@rf a~
w21iQCQ wralters '
his wife, to me weN known and kno.vn fo me fp be
rti,e ind+vitluals deuribed in and wFq sxetuted the foreyoinp instrument, and scknowledged be(pte me that they exetuted the same fw the putpous
rhe~ein eapress-d_ And the uid Al1iQC@ walt~rS
+~;te of the sa~d _ G• B• Wa1tQ=s vpon a scpa~ate ind priwte
e.aminarion by rree taken xparate and apart from f~ s~id husband, ecknowledged to •nd befpre me thil she exetuted said inatru~nent freily and volun-
ra•~~y and w~~ho~,t •~y comp~:lsro~, consr~aint, ~pprehens,on, or fea~ of w f.om he. ~a;d husband_
WITNE55 my hand and oN;cial seal this d~y f~ ~e February ~ A. D. 19 71
- -~~-f~--~~'I.~, .
• ~ otary P~blic ~n and fw t~ State of Fb~id• at large
' My Commiuion eapires: _
~dNN~~~i~.,,~ ~E
R~,,,.~ ro: ~ NOTARIr PUBUG b7ATE OF ilolftaA ~
First Feder~) Ssvingf 8 loan Asaptislion - ~ Cv:.1,'till_. •1 EXPIRES SEPT. ~
or Fo.: p~, • ' ED rNiw ~ 197
~ 80A10 rii~D N. DtES1E1JipRiF 3
Fort P~erca Fto~;da ~ ~ ~ ~ . • .
. ~ `t rv
~ Q-' r r~ fltE~ AN4 RECOKOEO
~;:.4-'~' j'' S1. LUCiE COUNTY flA. wL
This Inst~ument Prepared By John W~;-,,(~j~,i~~'~ : ~ ' ROGER ?OITR~S
First Federal Sav;ngs b loan Association ~ • CIERK C+~CU~T COU
' of Fort Pierce Flozida ~'1~.( AEC4R0 YEh~F1E0
.
' ~ PH' ~ I
•--..r.~:,,~,,,..~••' FEB ~ 3 47 ~
Checked B - , c
^ EOGK 19U : ~ 5 2~ ~~21~~
.
• r:~
~ = I
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