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To pl~ce and continuouily kNp on tM buitd~nqf now w hereahK fitwt~ on said lsnd and on aU equipmeN ~nd personally tovertd by thit matq-
sy~, with •11 premiums 1Acrton paid i~ ivll, firt ~nsur~nc• in Ih~ uiwi ~undsrd polity torm, in a sum app+o~ed by tM MORiGAGEE, a~~d windatwm
~n~u~~nc~ i~ tM uiual itu?dad pol~ty fam, i~ ~ sum ~pp~ov~d by ~h~ NIORTGAGEE, i~ such canpany or c9mpan~es si th~ MORiGAGEE may s
direc~s ~nd •11 (i~~ ~r~d winda~wm iniuranct poliuei on any of ~aid build~np~, ~ny interesl ~he~ein or part theieof, i~ the aggicqate ~um a(a~said w
In txc~u the~aof, ~Full contain tM u~~d ~tandard matgspa~ clause w fuch other tlavs~ u/M Matpayee mey ~equue. m~?inp ~he Ioss under sa~d pol{-
c~e~, exh and erery, pay+bl~ to wid MORiGAGEE ~H intere~t m~y ~~~peu, u~d e+ch ar+d eve+y such poiicy ~hall be promptlY •is y~ed and de~ive~ed ro
any held by sa~d A10RTGAGEE ~s furlha security to s~~d rtwnqeg~ deb1, and, nW less lhan ten 1101 dayi in advanct ot 1he eap~~~tion of each policy, to dr
liv~r to Hid MORiGAGEE • reMwal Iher~of, toqethM with a ~eceipt fw the premium of tuch renewel; and ~here shall be no fre or winds~wm insuronce
plac~d on ~ny of s~id buildinQs. ~ny in?erqt ther~m or pat the~saf, u~less in the form and with ~he ~oss payabla ai aiaesaid; and in Ihe ev~nt any su+n
of monty becans~ p+Y+~~ s~h polity a policas taid MORTGAGEE shall luve the option to receive and apply the ssnx on accoum ot ~he i~deb~cd-
neu ~au~~d Mre~y a M permit ~aid MORTGAGORS to rKeiv~ ~nd uit if a any parl thereof for otlnr purposrs, wohoot ih_r~ui waw+.~3 0~
iny ~ny equ~y, IiM o? righl under or by virtw of thi~ mo~syap~; and in tM ~wnt u>d MORTGAGORS shall fq any reawn fail to krep the said premisrs so
in~ured, o~ (~il lo detiver promptiy any of said po~Kies of insurancs fo said MORTGAGEf, or fai! prompfly to pay tutly any prem~um tharefor or in a~y
~esped Fail ~o psrfam, d~scharge, exacuts, eff~cl, complete, comply with ~nd abide by thit cove~ant, a a~y par~ hercof, said MGRiGAGEE may place a~~d
pay fa such iniu~ance w+ny pu~ ~Mreof withou~ w~ivinp w ~fiectinp ~ny oplion, li~n. ~quity, w r~ght undm a by virlue of ~h~s Mwtga{)e, and ~he
1~11 amount of each and every svch p~yment ihall be immcd'utely dw a~+d p+Y+ble and sMll be+r in?eres~ irom tM datu thereol u~~~l paid st the rate ot
n~~x per centum pe~ annum and to~elhtr witA tuth inte~ett ahall be secured by Ih0 lien Of lhis mortgage.
i
1. To permit, commit or sufte~ no wast~, i~irment w deterioration of ~aid prope~ty or •ny pa~l thtreof.
S. To p+~ a~l +~d sinpul~r the cwts, chuqsi a~d expenus, includiny a reawnable ananey's fee and coars o( abs~racts o1 t~~le, incur.ed o. paid at
eny time by said MORiGAGfE, because a in tM eveM of ~h~ ladurs ori ~he part oF ~he aaid MORiGAGOR to duiy, p~omµtly and f~lly Fcrform, d~scharge.
executt, elfetl, complete, tanp~y w~th and ab;de by tach ~nd every the etipulat~ona, agreemcnn, cond~hons, a~d covenants o( sa~d p~an~sso~y note and th~~
.mo~tgaps any or ei~her. and sa~d costs. char~d •nd txpenses. esch ~nd every, sha~l be immed~atety due and payable: whrther a not ~here be no+~ce dP
mand, attempt ro colkct or wit pend~r.9; and the full amount of each and e~cry such payment ahell bea~ interest from the date thereof until pald ~t the
ra~e of ni~x per ce~tum peK anuum; and all said costs, charfles a~~d eapenses incurred w paid, together w~th such interest, ahell tre secured by ~he i~en ot th~~
mcrf9~ga '
6_ TMt (a) ie? the even~ of any breach of th~s Mwtgaye w deis~l~ on the part of the MORiGAGOR, w(b) in the event sny of sa:d sums oi money t
herein raferrrd ~o be no~ promptly and fully p~id within thirty (30) days neat after the seme severally becane due and payable, wi~hout de~und o~ nohce, i
or (c) in the event each and every tF+e stiputat~ons, sgreernents, wnd~~ions and covenants of sa.d promissory note and th~~ mor~page any ur e~ther are nol
ivly. promptly and fully perFprned, d~uharged, eaecused, ~Ifected. completed. complled wish a~d ab~ded by, then in eAher a any such evem Ihe ta~d a~
gregare sum ment~oned in s~id promisswy note then remaining unpa~d, with intere~t accrued. and all rtaneys secured hereby, shall become dve and pay.
abte fwthwith, w ther~vile~, a1 the oprion of said MORTGAGEE, as fvlly and camp!etely •s if aIl of the said sums of money werc a~g~neliy st~pv:ated
to be pe~d on such day, snything in sald promissory nate or i~ this Matgage ro 1l+e toM~ary notwiths~and+~~g: and ~hereupon o+ ttxreaftr at Ihe op~~on c(
sa~d MORTGAGEE, w~tFw~t notice w demand, suit at law w in eqvity, lhersFw~ cv thrcaf~er begu~, may be prosecuted ss if al! moneys secured hereby
nad rnawred pnor to ~ts instituNa+. ~
7. That in the evcnt that at the beginn~ng of a ~r any time pend~ng any su~t upon ~his Moregage. o~ ro fweclose it, or to reform it, or to enforce
paymenf of any daems haeunder, asid MORTGAGEE shall apply to the Cou~t having jwtsdK~~on rixreo'To'r ~he appo~ntn,em of • Recewe~, such Co~rt shail
iorthwitfi appant s receiver o( said mortgaged prooerty all and sirqul~r, in~Jud~~+g all and s~ngular the ir.corne, p~ofiti, issues and revenwes from whst~ver ~
so~rce derived, exh and every of whKh, it being express~y understood, is~hereby mwtgaged ~s il spec~hcally ut io~th and desu~bed in ~he flrani~ng and
habendun. clausei hereof, and such Receiver shall Mve +11 the b+oad and effechve funct~ons and powers in a~yw+se entru~!cd by a Court to a Recn~.er, and ~
s~ch appointment shal! be msde by such Court as an admi?ted equity ~nd a matle? of absolute r~gh~ to said MORTGAGEE, and wi~hou~ refere:~ce to the ~
edequscy a inadequacy oi the wIw oi the propeny mo.~gaged w to the wnrcncy or insotvency of said MORiGAGOR w~!.e defendants, ar.d iha~ wch ,
re~rs, profits, income, issues and revenues shall be applied by such Receiver accord~ng to the lien w equity ol w~d MORTGAGEE an~ ~he prac~~ce oI such ~
Court. ~ '
S. To duly, promptly and fully p~rform, discMrge, execule, effcct, complete, comply wi~h and abide by each and every the stipulations, ag~eemeNS, ~ 1
ca~dirions and covenanq ~n sa~d promisso?y no?e and th~s mort~sge xt fwth. e~ ~
9. TMt in the event the ownership o~ the mortga9ed premises, or any part tF~ereoi, becomes vestcd in • person o+her than Ihe MORTGAGpR, the ~
1~',ORTGAGEE, its successori +nd sssigns, may, withou~ no~ice to the MORIGAJR, deal with such s~ccessa a successor ~n imeres~ w~rh relerc~ce to this ~ ~
n-o•tgsge and the debt hereby secur~d in the same mannea ai with ARortgagw w~thou~ in any way vitiating a d~xharging the Mortgagori Gab~fity hero- }
~~der or upon the debt hcreby sec~red. No sale of the premises hcreby mortgaged and no fo~beara~ce o~+ the par~ oi ~he /dOR~GAGfE o+ its successo~s a
o~ asigns and no ea~ens~on ot the time fa the payment oi fhe debt hereby secured yiven by Ihe MORTGAGE~ or its successors o~ ass~gns, shall operate :
io ~elease, d+uhar~e, rtwdify cFe~nge or affect the orig]nal iiab~iity of the MORTGAGOR herein, either in whole or in part. l
10. 1~ is sprc~fically agreed thn time is of the esxnce of th~s conrrsct and thaf no warve~ ol any obl~gat~on hereunder or of fhe obligat~on se-
ci,red hereby shall at any time the~eafter be held to be a waiver ot the terms hereoi w of the instrument aecured herby.
I1. In add.tion to the fo~ego'rx~ monthly paym-nta of princ pal and intereal required by the prom:sw+y r~ote setured h•=reby, morigagor tovenants
~~d agr~: to pay to mortgaqee v~ith each monthiy paymeM an add;~eonal sum esnmated by mortgagee to be eqvai to 1.`12 of the annual :ost of the foilow-
~ n'1
A-All rea! prope.ty ta:es lev~ed w assesud agai~s~ the above descr~bed~real estate.
S-Prem:u~ns on fire and windstorm ~nsurance as iure~n requ;red to be ca~r~ed o~ the lmprovemeNS s~ruate o~ the above d_scr]bed prem~ses..
C-Prc~niums on such mortgage guaranty insv.ance as mortgagee sha~l from r me to time deem fit to carry on the ioan se<ored hereby.
'f Mongager sha!I !rom time to time not~fy mo.tgago~ ]n wr~ting of the amoi~m d~e and payable hereunde~ and such suT~ shaL th~re~wn be due and
~ : ayable on the due date of the »eat monthly paymeN and tach wctessive month thereafrer uc~il mortgagee shall nohfy mortgago~ of a change in such
a•~,ount. St,ch su~ns sha:l be applied by mertgagee toward the payment of rea~ propeny taaes, ~nsurance prem.ums, and mortgage guaraMy inwrance
r~.emiums.
~ IN WI~NEaS W REOF, the sa MORTGAGOR has hereunto set his hand and seal ~he day and year f~rst afaesaid_
Si9^ed. Seal nd v8I u~ tM e of:
" (.~Z- ~ ~1)
E _ ' ($ea~~ s
s' ~ \ ~ S?a~
~ _ _ ~ ~ ~ r. • -
~ r
~ ~ ~ `~~~i`a *S~ n ~,~r f~~~~ ~ i
. ~ ~
~ ~;.4TE Of FIORIDA ; __C~
~JUYTY OF St. • I,IIC 1E' ~ ~ ~ .0~:,
~n"~ ~ -'~'~vj~. ~
~ Patricic B. La.lly ' ":`~~°'~7';-`i=~UY~,~,`~- -
~ - 8efore mep~sona Ity apps ~red = , ~~s < :
~Ju ~c] Lh A. Lall;' h~s wife, ro ~+e .re~l knov~o?~~~ ~af ~'i~~,':
~ rhe indrvidwlt desaibed in ~nd who executed the fwe9oirg icutrvment, ~r?d acknowtedped before me tMt they execufed t~ie :
~ Jvdit'^. A. LaZl_y P.'•.'a-•.
q rhere~n expressed. Md the said_
~ Patrick B. Lall ' - -
~ «~Fe of the said y vpon i•~~ratt an~ ~riJiq`
~ e.am~natio~ br me taken separate and apart from her s~id hw_band, ~cknow{edged ~o •nd before me that she executed said instrumtot•(rt~ly us~, vdlutr
~ ra~~~y and w:thout any compulsion, constroint, apprehens~on, w feu of or irom her said husband_ _
~ WITNESS my hand and offic;sl se~l th~s ~~tr' day of ~ebrua, A, p. ~q 7~
- ~ / w
C
Notary Pu rc in ~nd for the St~te of Florida ~t lup~
My Commission eapires:
~ Return To:
FFnt Fedcral Savirya i loa~ Associat~on ; ii.. .,.i .t( LAAaF i
Y Of Fo.t P,erce. ...L ~.:.:t..•.,:~_;::~~ c~r~;~~~ :i,;t. [9~ Iyl1 ~
y ~f.~/D~D siiHG{i(~H F.kLD W~ niay7E~Mfl~~_
~ Fort Pierce, ftorida
;a
~ f~~EO ~~c ~~coR~eo
`K St. I~C~E GOUNTr F~A.
This Instrument Prepared ByJ. D. Chastain ROCER P~~TRAS ~ L~
First Federal Savings b loan Association CIERK CirW~T COURt
of Fort Pierce, Florida RECOR~ YERiFtEO_~_
~ fEe 15 4 '
Checked By
~
~ UpC~y/ t ~
~`4 ~ COV1~ l ~
~ ~ ,
~ 1
~ ~
- . . . < ' - -'°'4 : ~ .z.
~ 1 _ "`n.,yv
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