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To place and confinuously keEp on ~he bu~:d~~~ge now e~ hereafter ~~tuate on sa:d ~and a^d on a:I eq.,~p:~~ent end perso~elly co~ered by this mortg-
sgs, with all premivm~ thrreon pa:d m t~ll, f~~e i~:surar.ce ~n the uwal standord po'~cy torm, in a a..~~~ ~~.~rored b~ ~hc h1Uk:":.GEE, a~~d wind~torm
insur~nce in the usual s~a~ard poLCy fo~~n, in a wm aNproyed b~ tha MJRiGRGEE, in wch co~npa»y or co~~~pen~es .+a ~he MORiGAGEE may
dirKt; ~nd all (ire and w;nJ~turm insurance po~~urs on any of sa~d bu~~d=~~gs, any interest 5hrrci~ or part thtrcof, in the agg~~ ga+e swn atweiaid w
in eatesi thereof, ~haU coroain the us~a1 s~andard mortqagre u~use or such o~her r.ause ss the hlortyag~e may reyu~~e, meA~ng ~he Iosi w~drr sa~d poli-
de~, ea<h and every, payabte to sa~d MORiGAGEE as ~ti ~roar~•st n~ay appear, and each and eYery such p~:~cy shali b! promytly ass gna~J a~~d 6et~~ered ~o
~ny held by ss~d MORiGAGEE as lunh;r srcu~ity to said ~~~o+fgayr d~bt, and, r.o~ ~e~s ~han ten (SOl days in advrue of ~he exp~rot~on ol each p.;~~cy, lo dr
Gver to aaid MORiGAGf•E a renewal Iherrof, togeiher with a rece~pt tor ~hc p~emwm of such ~e~~rwa'; a.~d there shaH l,e nc+ i•re or w+~,duorm insure~ce
placed on any of sa~d builduigs, any intereil lherem or par~ ~hereuf, unlcss in thc fonn a~~d Jvdh the :oss payable as e~ore»id; and in ~he eveM any sum
of money bccw+us payabie uoder s~~ch pol~cy o~ po6c~os seid MORiGAGEE ~h~li have fhe oN}~on to rrc~•~~e a~~d opyEy ~h.: sa~ne on account of the indrbtrd- i
ness secured hereby o~ ~o permit said MORTGAGORS to rete~ve and use i~ w a~~y part tt.r.eof ~u~ c:n.v purt cs~~s. ••%nt~-.,,t th;•, u; o~ unp.,u• }
infl any equ~ty, iien or righl unde~ a by virtue o1 th~s mc-'qage; and in the event aa:d M0~2TGAGORS sha'i (or any rcason fail to keep the ~a~d p~emises so ~
insurad, or fail to de~~ve~ promptly any of sa~d poft~es of insurance !o sad A10RiGAGEk, or t.,~' p•c~T~p+ly ?o E~ay tu~ly any pre~~~~~m thc~efur a in a~y
respect iail to {x~form, d~scharge, execute, elfect, comp~e~r, co~nply wi~h and ab~de by th~s covenar,r, or eny per? hrrrof, sa~d AhGRTGAGEE m~y piace a•~d ~
pay for svch insurance or any parf thereof wi~hout waivn~g o~ alFecting any opt~on, lien, equ~ty, or n~1.~ unde~ w by vir~ue of ~his SAatgage, and Ihe
fu11 alnour.l o( each and e~ery such paymeM shall be ~m~neci~ateiy due and payable a~~d sha;l bra~ ~ntrr<st from the dote thereof un~il pa~d at tha rate o~
n~ne pe+ cenwm per annvm and to~rther with such interest shai~ t>e srcured by the Len ol ih~s mortgage. !
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1. ~o permit, commit a suife: no wasle, impairnxnt o~ deter~oration of sa~d property ot any part thrreof. i
S. io psy all end s~ngular the costs, charges and eapenses, includ~ng a reasonabie attomey'3 fee a~:d cos~a of a~stracts of titie, incu~red o~ pa~d at ~
any lime by sa~d MORIGAGEE, be[ause o~ in the eve~t of ~he 1a~~ure on ~he part of the sa~d MORiGAGVR to duly, p~on~Nrty a~ul fuily pcrform, d~uharge.
e.ecute, eifect, tompte~e, comply wrth and ao:de by each and e~r~y the 5tip~Ia?+ons, agr~~emr:vs, co:~d~i~o~~s, and covenan~s of sa~d p~o~n„sory ~ote and th~s
mortgage any or eiiher, and ~a d costs, charges and expensrs, each and every, shaN be ~m:•~cd~et~•!y d~e and payaLle; whi~ther o~ not ~h~•ro be nohce dr
mand, attempt ro collect or suit pend:ng; aixl the full a~nount oi each end every wch payment nhal~ bra. u~+erest (rom the date therrof untit ps~d st the
.ate oF nine per centum per an,w,n; anc' all said costs, cha~ges ana exper.srs incurrrd or pe~d, togeiher w~eh such ~nterrst, shall be secured by the I~en of this
mOft~~e. ~ i
6. That (a) in Ihe evenl of aoy breach of this Mortgage or def ~~tt o~~ the part of rhr ~V.ORTG%•G04, or ;b? in the evem a~y of sa:d sums of money }
herein referred to be not ptornplly and fully paid wi~h~n th:rty l3J) days nc.t a•n~r the s~~•~c ic+era'ly bcco ~ie due and payab!e, withoul de:»and or notice, i
er (c) in the eveM cach •~d every ~he slipuiations, agrerme~~ts, co~:dtw.~s and covenan~s o! sa d}aan~sw~y roic a~~d fh s morlgage any or e~the? are not
~~ly, prompt~y and f~lfy perfornxd, d uharged, execvted, elfeued, cwnp:eted, co~nN~:ed w~tn acd ab~d~u 7y, tlkn ~n eaher or any wch event the ~a~d ag
~regate sum men~ioned in so~d pro.^.u150~y note then re:naini•~g unaa~d, with intr•r,t acic~ed, ar~d _ ~no~ieys soc~rcd hrreby, sha:l betur.i~ due and pap
eble fonhw~~h, or thereafrer, at the ep~~on of said MORIGAGEf, as i~~iy a~ul co~nplcrcly a: ~1 a~i ol ~i~r a~~d iv:ns oF moncy werr or+g~naify snpu:a~ed
ro be pa:d on s~ch day. anytA~ng in s~d prom.ssory note or in ~F~s M~rtga~e to ~he con~rary no~..~ihs~~~~d..~g: a~~d ih.reupon w the~eefter at the op~~on of
sa.d MORiGAGEE, w~rhout no~rce o~ drrn~r.d, w~r at larv or in eq~~ty, +herefore w ~hweotirr bey-un, n,~y be prusecuted as if all moneys secured hereby
had maWred pr~w to ds ins~itution•
7. Ihat in the event that at the b,ginning of or at any time pe.~d~ng any sv~t upon ~h~s Me!tqage, o~ ~o forcclose it, or to reform it, or to enforce f
payment o1 any c~a~ms hereu~der, said h1QRTGAGEE shall apply to the Cuur? ha~~~:g ~uned.ct~on th~•:~•af for ~h~ ap~:o~ntmem of a Receiver, wch Co~rt ahall
(orrhwith eppoim a rece+ver of sa~d mo~tgaged prooerty all and s~ngu~ar, indusl.ng ai1 and s~~~yuiar ~~,e ,rco~ne, profrts, issues and revrnues fran wbatever
source derived, each a~~d every of wh;ch. ~t be~ng expreas~y understeod, ~s her~by mor~gaqcd us ~f s,>ec (:ca~:y set forth and drscnbed in the gra~~ing and
hetxndum clauses hereof, and such Receiva~ shatl have atl the b~oad and rffetnvc func: e~a and po:ve~a in anyw~se entrvsted by a Cou~t to a Receiver, and
r,ch appointment shali be made by s~ch Court as an ad•ni~trd equitr end a rnaf!e. of a'.,su~o~e nyht to so~d MORTGAGEE, and witho~t refere~ce to Ihe
rdrquaey o~ inadeqvacy of the vatue of the property mo+tgaged or to fhe so.vency or ;nsoi.ency of sa~d MORiGAGUR or the defc~~dants, and ihat such
r.~-~+s, proids, incen:e, issues arxl revenurs sha+i be appi~rd by such Reccrver ac.md:~~g to the lien or rq~ity of sa~d MORTGAGfE and the prachce of such
Courf.
8. To du~y, promptly and f~:1y perform, d~scharge, execure, e{fece, complete, cor.~Fly w~th and abicle by each a~d every the st~~ulations, agreements,
,onditions and corenants +n sa~d promissory note and ths mortgage sr: fo~th ~
9. That in the event the ownership of the n:ortgaged pren,~ses, or any part thcrcof, 6eco+nes vested in a person other than the MORTGAGOR, the
h•ORTGAGEE, its succcsson and ass~grs, may, wirF.aut not,ce to the ~tiORTGApR, deai ...th sv;h wccessor or scccessor in inte~est wirh ~efermte to thia
~ro•IgagC dnd tne d~ut hcreby secured in the Sdme manner at w~,h r~o~r~ago~ wrtficut in dny way viT.ating or d~sc~a:ging tFM lAGrtgegOrS' liability ~er@-
;;rder or upcrn the debt hr~ei~: src~red. No sa:e of tne Fremises hereby rno•tgayrd r^d no fcrbearo~•ce en the par~ oi rhe IAURiGAGfE or it= successors
cr ass~g~s and no exter•s~on of ;he t~mr for the payment of the debr hrrcb~ secureo gfven by Ihe ~hORTGAfiE~ er its wccessors or ass~gns, a~:atl operate
:o re!rase, d~scharge, mod~fy change or affect the orig~nal liau.i~ty of the htJRiGAGOR he~ein, either in who~e or ir part.
10. It is spec~f~cal;y agreed that f~~ne is of the esse~ce of thfs contract and that no waiver of any cb!tgai:on hereunder or of the obligation sr
cured hereby shali at any time thereafter be heid to be a wairer of the terms hercof or of the instrurnem setured he~by.
11. In ao3 r:o- eo ~~~e fo•ego ~,g rro~rh!y paymenrs of Frivc ~a! and inr>rest requ~red L~ the p-o~n ssc~y ~~o~c• secured hereby, mortgagor eovenants
,~~d agr~es to ;.a•r ro n,o-Tgrgee w~th rach monrh~y pay~::ent an add,r,onal suni esr~a ared b~ mortg~gee to i~e equr~ to 1; i2 of the ann~al cas~ oi the foliow-
A-A'i rea! prope~ty raxas levie~ o~ assesseo ag.i•ist the above desai.~,ed real rsrate.
G B-Pr~rr.•~_r:~s on f;re and w~~~dsto•m ~nsu~arce as ne*e~n requ:red to be carri•~d o~~ th<~ .m,.roveme~~s s~t~ate on the above descr~b¢d premises.
~ C-Prern~wns o~ scch mort~;ye guaranty irswa..ce as mo+tgacee shall ~ro:r t me to rime deer:~ f,t fo carry on the loan secured hereby.
! 1Nortgagee s!+: '~•:.m t~: ~e to t~:ne nohfy mortgagor ~n a;+it~r.g of the amou~t d~~ ertd payabSe here~ndar and such wrn shail thereupon be due and
e:yab!e on the c)ue c.:t> of the next vr•onth:y payment and each wccessive memh thereafter u~.ti1 mortgagee shafl nolify mottgagor of a thange in such
ount. Such w~ns s! ce ap,: ~ed oy morsyagee tor~ard tne payment of real property laxes, insurance prem.ums, and mortgage guaraNy insurance
° ,:~emiums.
~ IN Y~I7NESc: ''1JHEREpi the sai~ MORTGAGCR has hereunto xt his har.d and scai the day and y~r fint oresaid.
~ Sgned, :e~- ~d •.+Yer~d in the presence of: fILEO ANO BECj(~~R E~O? /
r • tT. lUC1E COUN ~ i M~. ~ a~
t ` - IiOCER P01TRA3 ~ - -
- CIERK CIRCUI? 001111 a- ~ (s~a~)
RECORD VERIFIEO f (~aq
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~ - ~ J S9 ~II7 Seaq
~ STA7E Of fLORIDA ~ ~ ~ O ~ O ~ ~
~ ~OUNTY OF st''~--LL1Ci@ (
~ e~ra~ ~~sond~~,, appeared W ~~ek and Atmette F. Padrick, his irife ;
~ _ Williae R. Dannaho~rer and Lneia Dannahax~er _ h;, W;r~, ~o me well krawn and krawn ?o ~~o ~ ;
+he individwts described in and who executed the for oi inslrument, and acknowiedged before rt+e that fhey executed the same fw the purposes
Annette F. Fe~r~ck irife of the said Robert T~T. Padrick and Lucia Darmahawer ~
~ therein exp.essed_ Ans.dt~ t'he, asaid
~ H~fe of the said R• ~nahoxer - a sep~rate and privat~
~ e.am~nat~on b"y ~t 1p ~lpsrate and apart fromther sa~d husbanciiacknowledged to and before me that ~eaecuted said instrument free:y and voluo-
rar~fy and w~ "foci~pukion, constraint, apprehens~on, w fear of or fromlfier said huabands.
' W ' ~ r oflit~al seal th::__. ~°Z • _ day of_______ ~~h A. 0. 19~_
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, •~~~~'Q~~~~~ti 7• _ ~otary blic in and ior tFx State of Florida ~t l~rye
~ , : t'~ . ' My Comm~ss~on eap~res:
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This Ins~ument Prepared By J. D. Chsst8ln
First Federal ~avings & Loan Association
3 of Fort Pierce~ Florida
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Checked By
~ eooa1~ 2~
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