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3. To ptace and con?inuovsly keep on ~he bu~'d~ngs now er hereafre~ situate on za:d i~nd and on ai' eq~ip nrnt a+~d penona~~y cowered by ~his mortg-
•ge, with all prem~wnt thrreon aa.d in 1~f1, f~~e inwrance ~n ~hr ~suel stancin~d po'~cy forn~, in a s~~ ~HNro.ed b~ th,: h1JK,uA3EE, a~~d w~~~ds~oim ;
fr.turance in tha us~al itanda.d po~:cy fo~m, in a wm appio.ed by ~ha M~?RTGAGfE, in svch company o~ com~%an:es as ~he A'tORiGAGEE may :
dirKh and ail (ire and w~~ds~orm inw~ante polic~es on any of s~~d 'oui~d.:.gf, +ny imeresl therein or parr thereof, in the aggrcgate tvm aloreiaid w
in exceu ~he~eof, shall contain the usual s~a~~da~d mori~.~gee cla~se or such o~her cl,,,se as the A1o~~yagee ~»ay requ.re, ma?ing ~ne ioss und~r sa~d poli-
c~es, each and every, payab~e ~o sa~d h~ORtGAGEE as ns ~n~rrrsr may appear, and each a~~d every auch pc :cy shall tx p~wnpuy ass gnrd a~',d dr~~vered ~o
any he!d by sa~d htORTGAGEE a~ fw~her srcu~ify ro aa~d n:o~tgage d~rm. and. no~ ~ess ~han ~r~i ~SO) d..ys ~n ad+~~~~e of thc expu.,hon oi rach poi~cy, to da !
liver to said MORIGAGEE a renewal thereot, togethrr wi~h a rrce~p? fur the F~rmwm of svch renr...+ :~~~~d ~he,e shalt !,e ~to f.re or w:~~ds~e+m ins~rance E
plated on any ol said build~ngs, any interest lhrre~n w pa~1 fhereof, unl~•ss in the fonn a~~d w~!h the loss payabte as afcresaid; a~d in the event any sum
of money bctomes payable under such poi:cy or poLues sa~d MORiGRGEE ahall heve +he oN~ on ro rrc•_ne ..~~d ~p~ iy t~ie s~~ne on accou~il o( the indrb~ed-
ness atcured hereby or to pcrmit sa'rd MORTGAGORS to ~ecei~e and utie i~ a any pa~t ~hr:ref tor u~n•r ~,.~r; cs~s. :.~r~~.,..t ~h:•~~~ .._~~~~3 ::r ~~~,p.,~r•
ing any equ~ly, fen w r~yht under w by virtue o! this mo~ty~age; a4d in the event sa d MO~TGAGORS sha!: Eo+ any reison lail to krep ~he sa~d premises so
insured, o? }ail to delivrr promptly any of sa~d po~~c~rs of insurance ro s.+d MORIGAGEE, or t.,i; pru~uptiy to ~:ay fu:ly any prr~~~w~n the~~•for or in a+~y
re~pect fail to pe~(o+m, d~scharge, execute, efiec~, complete, co~nply with a~~d abide by rh s coven,~•u, or any psn h.reof, sa~c1 MORIGAGEE may piece a~o
pay (ot suth insurance ot a~y parf thereof w~!hout waiving w affecting any ophon, lien, equ~~y, or r~gl~~ under or by virfue oi this Mo~tqage, and the
futl a+nount o( each and e~ery S~ch payment shall be ~mmed~ate~y due and payabte and sha!1 b~~a. int~•rrst !rom the date the~cof u:~~il pa~d at the rote ol
n~ne pet cent~m pt~ annu~n and !~~rther vv~th s~ch i~trr~sr sha„ br sewred by the iien of th~s mortgaye.
1. To permit, cOmmit or su((er no vraste, impairmcnt or detr~~o~at~on of aaid property ot a~y part th~~r<of.
S. To pay all and aingular fhe coets, charges and expenses, ~n;lvding a na~onab?e atforne~•'s (ee a~~d cesrs of abstracta o! title, inc~rred or paid at
any time by said MORTGAG:E, beta~se or in the event oi thr fa~iure on tiu aa~t of ~he said MOkiGAGUR ro duty, pra~~NNy and f~tly prriorm, dnch~rge,
exc:uta, elfect, tomplete, comply wnh and ab;de by ea.h and eve~y the stip~ia~~uns, agrren~~~nts, to~id~t~ons, anci cove:~e+~ts o1 sa~d pio:it~;s'v~y note and Ihis
n:ongaye eny ot e~~her, and si d cests, charges and eaHenses, cach and every, sha1S br im~n..,d~atc•ty dur and pay.,b'~: whcrher or not tFxre be net~ce dr
mand, aftempt to colirct or sui~ p.:nd~ng; and the f~ll amount of each and every such p~~~nr~t aho!I bear inr,_res~ from ihe daie therrof unril paid al the
:,re o~ nine pCr centum per an:u..n; anc al! said costs, chargas and c,~,t~:scs intu:rrd or pa~d, ~«,;rther .vdh wch ~~~rr~..•st, slwil be setured by 1he lien o} this
mwtgage.
6. TMt (s) in the evenl of any breach of th7s Mortgage or detault on ~he part of thc :~'.ORTG~GOR, or ;b) in the evrm any of sa:d sums of money
herein refe~red to be nOt pro:*~p~~V and fully paid wifhin Ih~,rfy ~30! d.~ js n~~.t a'n~r th~ sa•ne sevcra'!y brc.~~trz d~e and payab~e, willw~t dernand or nohce,
er ;c) in the event each and every thr s~~p~lat~o~s, dg~eCme~~tf. cor,d~~~o~ts and covenems of sa d pron~~sw~y r.o~r and th~s mortgege a~~y or e~ther are not
iuly, prwnptly and lully pe~formed, dachargcd, executed, elfeued, canple!ed, compLed wi~h and ai~.u~•J 5y, then in e:ther w any such event the said ag
~~egate sum mrntioned in ;aid pro=~~isso~y note tnrn re~nain~ng ~npe~d, w~ih u,sr~r,~ ac.r„ed, a~~d ~ i „w~cys scc~:cd t~ereby, shaN b~came d~e and pay-
iU:e forfhwirh, or thereafter, at thc opf~on of sa~d MORTGAGEE, as fuiiy and compte~e y as if a~l ot the sa~d w~ns of money wcre or~ginally it~pu~ated
to be p.+~d on such day, a~ything in sa d prom~ssory note o~ in this Mo~rgage ~o the canrrary no~,N~ths~ar.d~:.g: and ~hrreupon or thereafter a~ tlce ophon of
sa~d MORTGAGEE, without noncr or dem:tnd, suit at law or in equrty, theretore or the~eaher begun, may 6e prosecufed as if a1f morteys setured hereby
nad matvred pnor to As ~nstitution.
7. That i~ the event ihat at tne begi~n~ng o( or at any time pending any suit upon this Mv+~gage, or to foreclox it, or to r~form it, or fo enforce
payment of any ciaims hercunder, sa~d MORTGAGEE shail apply to the Co~rt hav~ng ~~nsd•ct~on tt~creot for the appa~otmeM of a Receiver, such Co~rt shall
Forthwith appoiM a receiver of said mortgegrd prooerty all and seryutai, inciud,ng aii and a~ng~ia~ t!:e income. p~ol~ts, issues and reven~es trom whatever
so~rce derived, each and every of wh~ch, it be~ng eapressiy undersrood, ia t.ereby mo~+yag~~d as s;:ect~cai!y set lorth and described in thr g~anhng and
habendum clauies hereof, and such Rece~ver shall have all the broad and effea~ve foncT , ns and poxers in anyw~se entrusted by a Covrt to a Receive~, and
s~ch apFointment ahatl be made by such Co~r~ as an ad~nitted equity and a matter of absautr r,ght to sa~d MORiGAGEE, and wi~hout reFerence to Ihe
adequtcy o? inadeq~ar~ of ~he value of the property mortgaged or to the savency or msuhency of said MORiGAGOR w t?.e drftndar»s, and that wch
rears, pro(its, incane, issues a~d revenues shall be applied by such Rcceiver accord~ng tu the lien or eq~~ty of sa~d MORTGAGEE and the practice oi wch
Court.
8. To duly, promptly a~d fuUy perform, dis;harye, execute, eflect, compiete, turnp+y w~~h and ab~de by each and every the stipulations, agreements, t
condit'w. t and covtnants ~n sa~d promisso~y note and th~s mwtgage set (orth.
9. That in the event ~he ownershl~+ of the m.ortgaged prem~ses, or any par~ thereo4, becomes vestcd in a pcrson other than the MORTGAGOR, the
h10RTGAGEE, its succeuxs and assigns, may, withaut notice to thr ,~tORTGAOR, dea! w~th svch succrssor or s~ccessor ~n in~erest w~~h reFerence to this
n~ortgage and the deut hereby secured in the same manner as w+th htortgagor w+!hout in ar.y way vit:atirtg or d:s~herg~ng the fdortgagori IiabiGty her~
u~~der w upon the deb~ hereby s>_cured. No saie of the premises hereby morlgaged ard no torbearance o~ the part of the b10RTGAGEE or its suttesson
or assigns and no exrc~s+on of the time for fhe payment of the deb~ he~eby secured g~ven by the MORiGAGf~ o. its tuccessors or au~qns, s~wll operate
ro releax, d~xharge, modity change or affect the orig;nal IiabJ~ty of the MORTGAGOR iierein, eithe~ in whole w in part.
10. Ir is spec~fically agreed thar rime ia oi Ihe rssence of this co~uraci a~id that no waive~ of any ob:~gat;on hereunder or of the obligation so-
cvred hereby shalt at any time thereafter be held to oe a waiver of t!~e terms hereoi or of the instrumeM secured hcrby. !
, 11. !n add t on •o the ~o~ego ~~g monih!y payments of pri~c pa! and i~ire.rst reqwred by the {~+om ssory no•e sec~red herrb~, mortgagor tovenants
a~d agrees ro~ay to nrorfgagee w~th each ,r+o~~h~y pay~ -:ent an ad~,r~onal s~m ast .:ated by morlgagee to be equa~ to 1' 12 0~ the annual cost of tFw fol{ow-
~
A-A!i real F.roperty taxas lev~_d w assessed agai~~st the above desc~~bed r<~t es:ate.
B-Pronu~ms on Gre and r„ndsro:m ~nsu:arce as nere~n rcqu~red to be :an;cd cn nc~ :m;:rove~ne~ts s;!uate on the aFwve d_sv~bed premises_
C-Prem~ums o~ svch mort~ ~ge g~aranty ir.sura~.ce as mo~tgagee shail tro~^ t me ro time deem fA to carry on the loart secured hereby.
Mortgagee sha'i 'rom r~~ne to rim.e no!ify mcr+gager in w.it~ng of tFe ac-.ount du~ and payahle hereundrr and such sum sha(I thereupon be due and
E Fayable on the due date of the ~~ext momhly payme:lt and each successive month thareafter uctil mortgagee sha!1 not;fy mortgagor of a change in such ~
~ ~•~oum. $~ch scros s1 f',e appiied by mortgagee toward the pay~nent of reai property taxes, insuraxe prem:~ms, a~id mortgage 9uara~ty insurance
' orerniums. ~
~ IN WITNf~~ :~HERE ~ ORTGAGOR has hereunto xt ~t~r~ a aod ~ ear f st aforesaid.
€ ' ned. Sea~ed a ~ver qf` T QCE Y y -
l~~ { ~'t_ ~ SesO
~ - CLERK CIi~C c - aq
~ - - RECORD VERIf1ED
~ i \ ~ 1 ~ ' _ _ -
~ - ~ i5 ~o 0o aN t - - . . ;
~ _p j'
~ STATE OF FLORIDA ~ ~ ~ ~ r
~ _ ~
~ couNrr oF St. Iucie ~
~ =,c,.:~-~~+ x .:~i.~-
u_ 2 0 6 0 3 8 .
~ Robert W. Padr3Ck .=~w f-:{`'~ Jr~" '
~ Befwe me rsonally appenred . _ ~ _
l~nnette F. Padrick
~ his wiie, to me well known 8jlajs~ciiq~ N .
~ thr individuals desuibed in and who eaec~ted the fwegoing instrument, and acknowiedged before me that they executed ths _~fer .1bK`~t
oies~C
rherein expressed. And the uid_ ~Illlet~i@ F. Padriek _'3,,_ ~'••i"' ~-;S`
- s~--T=...~ - 7,
~ rv~fe of the said W Padriek - ~pp~ ~~,~,~yah
~ e,am~natwn by me ta4en uparate and apa.t from her said hwba~d, ackrtowledged to and before me that sne executed said instrumtnt frgelr and vokM-
~ ranly and w~thout ~ny compu~sion, constraint, apprehens; or~,of or from her said husband.
" WITNESS my hand and offiual seal this day of.~ _ ~rCh /1. D. 19 7~
'.5 ~ .
~ 41 n-i ~ a~ ~ L~~' U~ Notary in an State of Ftorida at larye
~ ~ ~ Q'~(',UP•tENT~~Y ~STAN_ My m~ssion expires:
~ Z flARI !i! ~ _ ':i~i,~~i i : i+.v..._.~ ..i i~.nu~ "Y
_ 5'71 r'- ~V~Y t;;;t<<:;,t~:,i~;v 'tx"rir._~ ,~;,1. i9~ 19T= ~
dO7iDE0 ifSKOvJH FREO YY'~ nls'-7TRLMOIFI)
- o= i
Y=:~ - 6 7 5 0~
~ v~ ~ cowaTac~ieR = 1'
_ P.B.~so~33 ~ ' ~ d ov ~
DUE rO~N C~ III PJ11rMEM OF TIU(E3
'C' INTANGIBIE PEF.;: ;1~1 PRDPEF~Y,
P1IRSUJ4NT TO CF1APi~g yp7Y4, ~iS
5`. This Instrument Prepared By J. D. Chas~ain ~ 19~13.
First Federal Savings 8 loan Association ~OGER PO~iR~, ~~e~ Circuit Court
- of Fort Pierce~ Flol'ida as AgeM fo~ DANIEL N. KNpyn~, JR
~ ~p St Lucie Courry Tax Collcctor
~ Checked By,L~--_~ -
~~O~OII ~ g -
;s r ~~~urr RK
1~
~
_ - - . = . _