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3. To place snd cero~nuousty keep on ehr bui'd~r.gs now or hereafre~ ~~tuate on sa'd iand and on a!~ eq~~p~»ent and peraonally toveted by thif mwtg• ~
sge, wilh all p~emiums ~herton pa~d ~n ful~, fue insurance in ~he uwa~ sto~ulard po:~cy form, i~ a su~u aHNro+ad by the hivR'•GAGEE, a~~d w~ndstorm
inw~ante in the ususl itandard po~,cy form, in ~ sum approvrd Ly tfie MORTGAGEE, in such carpany or companies as ~he MORTGAGEE may
direcl; and all fire a~~d w~ncliiorm insurance po~~ues on any of sa~d bu~.d,ngs, any interesl iherein or part thcreo(, in ~he agg._gaie sum atoresaid or
in sxtess Ihereof, s~all :ontain ihe uaual standard moriyagee ciause or such other deuse as the hlu~tyayee may rrqu~re, meking ti~r iois ~ndrr sa~d poli-
ue~, tach and everY. Payab~e to sa~d ~\1pRTGAGEE as its inta~est niay appear, and ea<h end evcry such po'.~c~ s~~alt be F%romptty ass g~~ed and de~~~rrrd ~o
any held by said MORIGAGEE as further s:turity to said mortgaye drbt. ar.d, not less than ~c•~ 1101 d.;ys in :id~ance of thc eapue~~on of ca:h pol~cy, lo de-
liver fo said MQR(GAGEE a re~~e~nai lhereof, ~ogethet with a rete~pt for Ihe pronuum of such rene~nal; a~d ~here sh~ll br ~w f.re or .1i~~ds~u:m ~nsurance
placed on any of said bv~idmgs, any interest therein or pan ~hereof, u~lrss in the form and w~!h ~he loss payab:e aa atc~esaid; and in the evero any sum
of mooey beco~~es payabfe under such pokcy a pol~cies said MJRTGAGEE sh+il have the opf~on ro rec~~~va .,nd .~pp~y ~ye sa~e~e on ac;o„nt ol the i~~d~•bt~d-
ness secured hereby or ro perm~t aa+d MORTGAGORS to rece~ve a~~d use it or arry par~ tt~..~.roi io~ o:~.~ r 4.~r: ;,s~•s. :..~~::.•.t ih
ing any equ~ty, lien or right undar or by virtue of this mo:'gage; a~d in the evem sa~d ti!ORTGAGORS sha~l (or any reason (ail lo k~cp the sa~d pre~n~srs so
insured, a fail fo dalwer p~omptly a~y of safd poGc:es oF imurance to sa~d AlORTGAGfE. o~ fa~i promptiy to F•ay fu~ly any pr~•,~~,.,~n the~efo~ or ~n a~y
resped fail to pertorm, d~scharye, eaecute, effet~, comple~r, cc:nply wi~h and ab~de by th~s cov~~u ~t. or any p_+~t h_reof, sa~d MGRiGAGEE may piace a~o
pay fw such insura~te or any part thereof w~thoul waiving or a(fecting any opt~on, lien, equ~ty, or r~~ht under or 6y virtue o~ this Me~tgaye, and the
lull amount of each and e~ery such payment shall be immediately due and payable a~:d sha!1 brar iner~~sr irurn ~hr date thcrcof unt11 p„~d at ~he rate ol '
n~ne per te~tum per annum and to~<thcr with such intcreft sha6 Ge sacured by the I:en of th~s mortgagc. ~
~
To permit, tommit ot w(fer no waste, impairment w deterEorat~on of sa~d p+opcrty or any pa~t thercof.
5. To pay all artd singular the costs, charges and expenses, lnctud~ng a reasonauie anorney's fe~• .~nd costs oF e5snacts of t~t.e, inwrred or pa~d st
any time by said MORfGAGEE, because or in the evero of thr fe~lurc on ~he part of ~he sr,~d htORiGAG~~R to d~~y, pro~~p~~y and fu~~y F~~form, d~scharge.
executq e((ett, compteta comply w+th and ab:de by each and every the st~p~la~:ons, agri•ani~~ms, condn~ona, and coYr::ants o~ sa•d pro~•~~ssory note a~td ~h~•
mortgage any or e~~her, and s.~:d cosrs, chaiges and expenses, each and every, ahall ba ~nvn~datetr Jue a~d pavat:!r; wheiher or ~ot the~e be nonce d_-
mand, a»empl to coUect or suit perzd:r.g; and the full a~noum of each and e~ery s~th pa~,nrnt s~all bea~ inrcrrs~ from fhe dare thereof until paid a~ fhe
ia~e o~ nine per ctnt~m per an~w.n; and al1 sa~d cos~s, charges a~:d ex;.ans~s inc~rrrd or pa~d, ro.~r~her w~~h sucA u:terrst, shad be secured by the i~rn of th~~
matgage.
a. Thal (s) in the event of any breach of this Mortgage or defaule on th~ part o1 the fdOR1G~~GOP,, or ;b) the event any of sa d sums of money
herein ~eferred to be not promptly and ~uliy paid within thuty t301 d.+,rs r~ex~ a~~e~ the s~~~~~r s~wcra:iy beco^:e duc and payeb~e, wnhout demand or nohte.
or (c) in the eveN each and every the stipu:.~s~ons, agreements, cend;:,o~:: and covenants of s~ d pro~~~~ss.,~y nore and ih,s nio~lgage any or e~ther are nQt
~uty, prompNy and fuliy performed, d scharged, executed, effec?ed, co~wplered, con,pi~ed wnh and al d~~d Sy, thrn in e.ther or any svch event the sa~d ag
grv~ate sum memiorxd in 3aid pro~r.~ssory nute than rama~nin~ unpa~d, wath intrrest acuueJ, and a~~ mon~~~s secv~ed hereby, shall tJEW~71@ due and pay-
ab!e fonhwith, or therea~tcr, at the opr~on of se:d MORiGAGEE, as fvily a~xl comp!efe~y as ii ai{ of fh~ s.~~d wms of n~oney were a~g~na:ly st~putated
to be pa:d on such day, anything in sad p~o~n~ssory note w in Ihis Mortgage to thr convary not.L~thsrand~.iq; ~nd th~•reupon o. tl~rreahe~ at the opt~o~ of
ia~d MORTGAGEf, wnheut no!~ce or drmar:d, sen at law or in equny, therefore or thereaf~Pr. begun, n~ay be prosecuted as ~i a!1 moneys srcured hereby
nad marured pr~or ro ds instievs~wt.
.
7. That ~n the event that at the begirtning of or at any time pend~ng any suit upon ~I~~s V.ortgsge or to fo~ec~cse it, or ro reform it, or to enforce
payment of anr claims hereunder, sa~d MURTGAGEE shal! app~y to the Coun having ;ur~id::roi~ ~n,•:~of fo~ the a~;NO~ntrnrnt of a Receiver, svch Court shall
forthwith appoint a rece~ver oF said mortgaged pro~r!y all and singule+, inciud~~~g ail and s~~~yu:ar ~hr ~1xc~ne. ~.ro!~rs. +ssues trd revenues from whitever
seurce derived. each a~d every of wh ch, i~ be~ng expressly undersWod, ~s hereby morrg~grd as ~f s,:_c !,c.,:iy ser (or~h and desv~b:•d in ~he g~ar,iing and
habendvm davses hereof, and such Rece~Yer ~haU have al~ the broad and effect„re funct~ons a~:d p~~,r~s ~r, any.~~se e~~r.ustcd bv a Cou~t to a Recrrver, a~~d
s~ch appo~n:me:~t shat~ be made by such Court as an ad~nitred rquity and a nwttei of absol~te nyht to sa~d MJRIvAGEE, and N~~II~~V~ r?ference to the
adequacy w inadequacy of the val~e oi ~he property r:ior~ga9ed or to the so;vrncy or insol~rncy ol said tl.ORiGAGOR or rhe d~+~•~~denis, and ~h;t suc!~
renrs, proihs, inceme, issves and revenues shall be appiied by such Receiver accord,ng ~o rYe l~en or eq~~ty o: s3:d 610RiGAGEE and the practice of such
Court. .
@. To dv'y, prompNy and (ully perfo.m, discharge, execute, effect, complete, co~~~cly with and ab~de by each and ever~ the stip~:ations, agreements,
:u~ditions and coverants in sa~d promisso•y note ai~d th:: rz~ortgage set io~th.
9. That in the event the ownersh7p of the mor:3aged Frem~ses, or any part tnereo4, L•rcomes vested in a p;~son csher than the MORTGAGOR, th~
h"•ORiGAGEE, its suctessors ar.d ass~gns, may, wirhout notite to the titO~iGAOR. deai X~:h such wttesso~ or SVCCP550/ in ~nterrst ~vith reirren~e to this
mortgage ar.d thc deo! hereby sewred i~ the same mannrr as w.th !do~t;~agor w~thout in any w~y vit.ating ar d.x~~arg~ng the l.lortgagors' liabifity hero-
~nder or upon the debT h~•reby seu~~ed. No saie of the Fre~n~ses h•.+rb~ r::ortgaged a~-d no (c~Le~ran~e on the Far~ oi the /AORIGAGEE or its s~ccessurs
o. assigns and no ExtfrS:On of rhe ~:me for the payme~t of the deb~ h~rcL,y iec~red g~ven by ihe htORTGAGE'_ or its nuccesson w ass~gns, s=~alt operate
ro releax, d~scharge, mod~fy change or afiect the origmai iiab~i~ty of the MORTGAGOR herei~, eithrr in whoie or in part.
10. It is spec~f~cafly agreed that time is of the esse~ce of this co~rracr and that no wa~ver of any obllgat~cn hereunder or of the obligation sr .
cured he~eby sha4 aT any t~me thereafter be held to be a waiver of the terms hereof w of the it~strument secured herby. ~
11. In ac~d t^~ to t'rte forege ng month!y paym=nts of pri~c'aal and interest requ~: ed by the prom,sscry no!e scwred herrb/, mortgagor mvenants
and agrees to ~d)' Sp :^A"tgd'3=e ~nith each nronth!y Nay~.:ent an adu~~ional sum rs~ ated b~ mo•tgnger to 6r ecy~~ai +0 1, 12 of r:~e ann~a! cost of the foliow- i
~ng:
A-:1•.I rea~ property taats fev~ed or rss~~ss_d ag_~i•,st thc ahove desc~i4~ d r~al cstate.
B--Fr~n. ~ rs on f~re and windsronn irwrar.~e as herein ~equ.red to be ca.r~ed e~~ thr ~mprovements s~!~ate on the above described premises.
C-Prem~vr s on svch n-ortg~ge gua.n~!y icsura~:ce as mortgagee sha•! from rme to tfine ~'eer.i iif to carry on the loan secured hereby.
Mortgagee s+~~ ~ f•om t~~:-,e to t~~ne =~orif; mert;;aycr m wr;tmg of the a~::ov~t d~~•: and payabte here~rzdar and such su~: zh.a'! thareupon be due and
;ayabSe on the c?ue aate of the nert month:~ paym~nt and each successive month thereait~r ur.tii mcrtgagee sha'.t ne!;fy mortgago~ of a change in wch
~ a••~o~nt. Suth s~ms sha ! tx a ied b mort a e toward the a ment of real ro rf taaes, msurance rem.~ms, and mort a e uararo insurance
~ , PP' Y 9 9' P Y P Pe Y P 9 9 9 Y
p~em~ums.
I IN v:ITNE~~ ..HEREOF Tne sa~d MORTGAGOR has hereunto set his har,d and seal the day and year first aforesa~d. ~
~ Signed, Sealed aodjde•~vered in the presence of: f~~~~ ~(iC/(it~ ~
( - fllf0 A~iU RECOROEO ~\J «'n
Z St.IUCiE COUMTY fL~ ~ a ers
! ROCER FOITRAS t~a~)
~ - CLER~ CIRCWT CONRT l~e ~ ~~'r {Seaq
_ RECORO VERIFIEO~ (5ea0
~ SiATE Of FtORIDA . ~ 3, ~ o~ AH'7i ~ ~ ~ "
~ COUNTY OF St . LL1C 12 ~ E
and ~
~ Befwe me personally appeared _ G• B• Wa 1 t ers _ _
A11 iece ~da Iters _ h;, wife, to me well {cnown and knovvn to me to be ~
~ the ind~vidua:s descr;L-ed in and who executed ihe foregoing instrument, and acknow~edged before me that they exec~ted the same fw the purposes ~
~ rherein expressed. And the sa~d_-_.__- A 11 i E'CP ~a 1 tEE TS _
++~fe of the sa~d - • • upon a separate and privale
~ . G B Walters -
e,am:naf~on by me taken separare and apart Erorn her sa~d husba~d, acknowledged to ared beforc me that sFw eaecuted sa~d instr~ment freely and votun-
~ rarJy and wnhoLt any comp~ision, constra~m, apprehens~en, qr fear of w from her said husband.
~ Ma rc h
r, WITNESS my hand and offic;al seal this. _.~~Y~_-__ day of___- _ A. D. 19~_
~ -----,x -~.-_}b-
Notary Public in and for the State of florida at larye ~
~ My ~~FI~~I~P~uw. ~STATE OF f10RID11 AT LAilQE i
Return To: r
~ F~rit Fed~rol Savin s 3 loan Aswdat;on ~~h~, ~(%~MMISSI.•N EXPIRE3 SEPT. 23, l~s
~ 9 . ~ ?Z . _ BOMOm ~HitU ERED ~;~~cu~~e
~ I.~{ cOrf r~ Ce ,jI
Yf Fo.t P~t~rce. ficr~J, • y .
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~ This (nstrument Pre ared B Richatd K"~ ,~f.~ ~a` ~ _ - '
P Y ~'Y~ ~ ' J • ' •
=z First Federal Savings 8 Loan Association •"•tj, ~
Q
~ of Fort Pierce ~
~ f~~,'•~• :
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= Checked By - -
,y
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= e~~n~~~1 .~~z, ~
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