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3. To place and cont~nuousiy kecp on the bu~:dings now or hrreafter a~~~~~e on so~d ;and a~d on aL cq~~y:>>cm e~,d F~rroo~.3l~y covered by thit morrg•
ege, wi1F? sl~ pien;~ums Ihetton pa.cl ~n f~11, I~ra insurance ~n Ihe ~wel stan.le:d po'~cy for~n, m a surn a~.yrv.rd by ih: 1.1;~k~.,%~G["E, o~~J w~ndsto~m
~nsurance in the uwal a~andard poi,cy (orm, in a sum appro.ed l,y ~he MORTvAvtE, in iuch co:T~pany or co~~~~:aa:es as ~he h10RiGAG[E may
dirK~: •nd all lire and w~ndtrorm insurance poht~ts on any ol sa~d tw~td,nys, any inlr~rst fhe~ci~~ Or F~art th~•~ral, in the ayg~~ 9a~e tum alo~esaid o~
in extess thereo{, shall centain ~he vsual star.dard morryager ci.~use o. wch ottier c!,use as the hlortgagee may ~rqu~re, ma?u~g tha ~oss unJrr s~~d poli-
c~es, each and every, paY.~b1e to sa~d ~11JRTGAGEE as ~b int.res~ ~~~ay appear, and each and e.e~y wch p:,:~cy shall br ~run,ytfy ass qncd and de~~vc~ed ~o
eny held by said MORTGAGEE as iu~th~r srcu~~ty ro sa~d ~~~Ort~dy@ J<W. .+nd, nor !rss tt.an trn (lvi d~~s i.~ ad.ancr of the e~~~~ranon ot rech po~~cy, ro dr-
I~ver to said A10RiGAGEE a re~~ewa) thereof, together with a rece~pt for :he prim~~m of such ~e~~rwa~: a~~d ~hrre she~l be no iue w w:~~dsto•m ~nsuronce
pleted on any of sa~d buiid~~~gs, any i~~terest there~n w pa~t thereof, un'ru ~n ~he form a~~d wnh the ~ass payable as afo~eaaid: a~d ~n the evenl any sum
of money becomes payable under s~ch policy or pol~urs said MOkTGAGEE s1iaH have ~hr o~:~~o~~ tu rrc_~ye .:~:d app'y t:~e se~ne o~ accou:» 01 the h~Jeb~cd-
ness aewred hereby or ~o perm~t said MORTGAGORS to rece~ve and use it or any F~.~~t th~•..~of t,~r o:~~ r E:u:. :,s.•s .:.t ~n o-~.~
ing any equity, lien M righl under or by virtve o} this mortga9e; and in Ihe ev.rnt sa d h10Ri(~AGOR$ sha:l fo+ any reason f~il to krep ~he sa~d p~em~saf so
~ns~red, or fail to delivei pranpHy any of i~~d poLres ol insuranc! to sa~d MORiGAGEE, or t,,~: p:o~+.piiy to ~~.~Y F~ ~Y ~'~Y P'~""~'^ ~t~errfo~ or in a~~~
respect iail to perform, d~scharye, exewte, effect, core~plete, con.p!y wi~h and ab~de by th:s cove~»::t, or any part hrrrof, sa,d MiiRTGAGEE may p~ace a•~d ~
pay fw suth iniurance or any pmt the~eof withau~ waiving or affeiling any opt~wi, lien, equ~ty, or n~h~ ~nde~ cu b~ vvtue ot !h1s Mort~age, and the t
ful~ amounl of each and every wch paymem shall be im~nediately dve and payable and shall b_ar ~ntc~.s~ fro~n iha date thc~eof ~~~iil p.:~d at ~he rare ol f
~.~ne per cent~m pe~ ennum and to~~•~hcr w~th such i,iteres~ shoii be sew~ed by the ~~en of th:s mortyage. ~
1. To permil, eommit or suffer no was:e, imp~hment w detenoration oi sa~d property w any part th•_reoi.
5. To pay ell and singutsr the cos*.s, charges and expenses, ~n:iudu~g a reaso~~ob!e attomrti's ic•_ ~d ics!s of a6strzcts of t~t:e, incurred or paid af
eny ti~r.r by safd MORTGAG:E, beca~se or in the tvent of thr f~~l~re on Ii,r can of the s~~d NJRiGAGUR to d~:y. p~u•r~p~iy and f~iiy ~:~rform, d~~:njrge.
e,~ecute, effec~, cempiere, co~nply w~th a~~d ab.dr by each and every rhe st~p.;ia~~ons, agr~•~•.~~.•nri, cond~t~ons, a~id co~e~~a~ih of so~d p~o;~~:>sory note a~~d ih~s
n,ortgage any or e~the~, and sa~d cosss, charyes and expenus, ea<h anJ evcry. shail ba i~„~^~•d~atr!y d~e and Fa~: ~~e; v.h~+her o~ no~ +he~r tx ~oT~ce d_~
m.~nd, attempt fo cotlect or suit pe~~d~ng; and the tull a~no~nt oi e~<h and eve~y svch patin~e~e~ sh,,l! t~•a~ ~r~t~,rrsr fro~n ~he dafe thereof umil pa~J at the
o~ n~ne pe~ <entum Enr an~wn; c»d a~l se~d costS, tharges er~d c.:;a~~ses ~~x~~rrd o~ po~d, togriher ~v~th a~ch ~~~fe~rsr, sholl be sew~rd by ihe i~en of tt„~
mortya~e.
6. TF+et (a) in the eve~t of any brrach of this lNortgaga or defa~tr on ti~s pa•t of :hc !,10~iG~~i,~~R. or b1 in the event any oi sa:d su~ns of money
her0in rlferrP(~ 10 bC n0T prOtnptly dnd fv;ly pald N~,r,~~. th,rty i3J! ~.~~s n~+! .~•!..r ihi s:+'^e' se.cr~~1y bi~u~.•,.• d~c and payab~@. WII}~JVt demdnt~ O' OotiC?.
C
or (c) in the evenf each and every ~he st~p~ a:~ons, agrerments, co~~drt~ona a~;d cu~ena~~r: o! 53 C~ ~ r, ~~ssv~ f~~c.c :+~~~1 ~h•s mortg.,gc a~~y or e~:her are no~
~~ly, p~omptly and fulty per{onned, d:scharyed, eKecuted, effected, co~npleted, comp~~ed v~~~h and ab~.l~ci 7y, Then ~n e•:her or any s~ch eve~t Ihe sa:d ag
g:egate sum mentioned in sa~d promisso:y note thrr. rema+ning unpa~d, w~th ~nrerr,t acu....~d, ~nc1 n~cnr~s s~~c~,:r.1 hr~ei,j, s~~a:i brcv~~~e due and pay
able forthwith, or therea`~er, at the opT~on ot so~d h10R1GAGEE, as f~ily a~~ comp:r~r!y as if e.l of f~.~• s.,~d 3~'1~3 of munry v~ere or~g~na:iy st:p~.atrd
ro be pa;d on such dcy, anything in sa.d pro~~.ssory note or in th~s Mo~tgage to ihe co~~r.ary noe.~•:~t:s~.~..i..~g: ,j~~d ~hrre~NOn o~ shereafr~v a~ the opt~on ef
sa:d MORTGAGEE, w~iho~t norlce o~ demend, su:t at Iaw or in equdy, there!ore o~ ther~atier bry~~n, n~ay ne ~:rosecufed as ~f all n~oneys secured hereby
n;d mawred pr~or to ~ts ~nsntvt~on.
7. That in the event ihat at the beg~nn.ng of or at any nme pendtng any su~r upen tlus Mo•rgage. or ro~orecfose it, ar to reform ir, er ta enfo+ce
payment of any cla,ms hereued~•r, sa~d I.tORT'vaGfE sha•.1 apNty to thr Court hav~ng ~b.'~5d :LJ~~ '.~•:ereot for the ap:NO:nfn~enr of a Rece~ver, such Courf shail
futhwith appoi~t a receiver of said mortgagrd proarty all ac~d s~~~gular, inc:v3 ~~9 ai1 a~~d n~~~g~~ar ti~a inca~~e, protats, iss~es ard ~evar.;~es from wh~tever
s:u~ce denved. each and eve~y of wh.ch, ~r b.~~~~g express~y understoed. is Fe.rby,morrgaged as ~f spec f~co er xt forih dnt7 deSCt~bed in ~he grani~ng a~~d
~vt~end~m cta~ses her~f, ~nd such Recr~vez shai~ have ail ihe b~oad a~:d rfieK~:ve fun:! u~~s or~d po:.era in any,n~se enrrustrd by a Co~r~ to a Rece~ver, a~d
s. ch appo:ntment ahali bc made by svde Co~rt as an ad:~itt~-d cquity and 'e mattcr of a~w~~te t~gF~t lo sa~d hM1Jn1Gp.GEE, and v.+:~~~ul rciere~~tr to the
a.ieqoacy w inadeauacy af thr val~e of the property mort~aged w to tne sove~cY or ~nso ._•ncy of sa~d MORiGAGUR or ~he d~ie•,de~TS, and th~t such
+~••~+a, prolits, incc:ne, issues and revenues shali be appSed ty svch Recr~ve~ accord~ng to the lim w equrty of so~d ~.1JRTGAGEE and fiie practke of such
Co~rt.
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8. To du!y, prompt:y and fuity perform, dscharge, exetute, eifett, mmpiete, cornNly w~th and abide by each and every the slipu~at:ons, agreement~,
co~drtions and covenenu sa~d prem,ssory nore and sh:a n,erry.~ge uf forth ;
9. That in the eve» rhe ownership of the mortgaged pre=n:ses, or any part thereof, becomes vested in a person other than the 1.10RTGAGJR, the
:'~RTGAGEE, i+s su:cess:,rs and ass~gns. may, wi!hout nu~~ce to me MORTvaOR, dea; w~th such wccessor o+ s~~c~esso~ in interest w~th refe~e~~ce to this
o-tgage a~d the droe hr~eby secured in rhe samr manner as w~+h t.lortgagor w~nc~~t in any .v.,y vii:ating c+ d:scha~g~ng the ~dor~g~qori liab~uty here-
~~•der or upon the d:b! hereby s~~:ured. No sa'e of ~he Fremn~s h:reby mortyayed ard no fcrbey~a~ue o~ the part o~ the /.1ORT;,AGtE o~ iq successors
or assigns and no ca'e~~s[on o1 the t~me for ~he pa~n•ent of the drbf hc^c::~y src~red g~vcn by the t.tiORTGnGE`_ cr its wcceason w ass:gns, a~~al; ope~ate
ro re~ease, d~scharge, modify cf,ange or affect the orig~na! liau;~:ty of the MOFTGAGOR I:ere:n, either in who~e or in part.
10. It is spec f;catly agrred that thne is of the essence of th~s cont.ac+ a+~d that no wa~~er of ar.y ob.;gat!on hereurtder or of the ob!~gation se-
cured hereby sha: at any time thereafter be held to be a waiver of the terms hereaf or of fhe instr~ment secu~ed herby.
11. In ,;d:f ~ o ti•.. ~ne forege ng monen'y i;.;. ncn!s of p~r.u ; a! a~d im,:cst rey~vc:f b; the pron, sscr~ r.e'o sxured fier~5~. mortyagor eovenants
a~ d agr_es to ;.+s to u-~g~~ee v~~th each rron~h y F;a~~.•e~~t an ;di ~~unal sum ~.z• ;.:,~ed b~ ~~,c•tyagee to be eq~a~ to 1 12 of the anu~~l :ost of the follow-
A-A!i rca` ;rop~~~ty tax~s le~~~:d or assess_u ~y.~,I~~,st thc ai~ove dest~~b~.d r~at es'atc.
B Fr_•~-. ~s on 4+e and wuidsto•~~~ insu•a~ cr as he~e,n r~q,, ~rd to be ca~n- d c•- 'hv ~::rove•nei+i stuare on the above d_sc~~bcd prem~ses.
C-Pre^ u~~ s o~ such merr~age guaranty irscrar.ce as moce:iagee sha~~ from t r~e !o t~me dcem f~t to carry on the 1pa~ secured hereby.
1,Ao~rq,~re v•~ t~ ~.e to G:ne ncn?. ~rc-ry•;gcr .n ~.~~t,ng ef !ne .~-o~~~! d~e end p3yabte hereund:r and s~ch su~.~ sha:I thrreupon be due and
....ab'e on mr d~e a~te of fF: ncxt ~~ionth:y p~r•~.•~nt and e~ch SVCCi•SS~HC "'O"~~1 ti~e:e~!t:rr u~.~~: mertg~gee sha'1 r.ot:fy mortgdgor of a change in such
.:~unt. $~th s~~ns 5^•~ ~:;e ap;~.:ed bY rnurr~~~~~ ier,a•d lre payment o` reai prCF~erty ta,ces. inswa.:ce pre~r•.vms, and mo-tgage guaranty insurance
~ , , .,.y~ms.
E IN Y:ITNfS~ :SH:~COc rne sa~d MORTGAGC`,R has hcreunto set his h~~.d and sca~ ~he day and year_.(irst a(o!esaid.
' _ ~ S~gn , Seale ^~d deliv r in the presence of:
E G xal)
- . roy . one ~ '
; _ _ (Sea1)
r ~ ~ ~ ~K.~/
(Seal)
~ - ~'v-- . one
- - - (Seaq
:
~ S",~,TE OF F1021DA ~
~ u.
~ : ~uNrY oF St . Luc i~ ~
€ Before me perwnally appeared _ - 1-C'rOY Stone - snd
~ _ FVa ~tAile _ his w~lc, to me well known a~d known to rrx to be
r the ind~v~duats descr~bed in and who executed the Foregoing instr~ment, and acknow:edged be(ore me that they executed the same for the purposes
~ Fv~ C. Stonc
- !he.ein expressed. And the sa;d--- _ -
~ t-E'r0 StnT~E-' , u~+c~n a separate and priv~te
~ ~;fe of the ~aid - - - -
~ e.arn~nation by me taken scparate and apart from her sa d husband, acknowiedaed +o a~d before me that sh_ eaetuted sa~d instrwr,ent treely and volun-
M1 ranlr and wAhout any compuision, tonstraint, apprehe or fear of or from her said husba ,
WITNE55 my hand and offic~al seal this _ day of_____ _ , A. D. 19~
' PII~f~~
j _ _ _ _
Nc ry P~b~~c n and (or t Stlate of Fb!r~id ~t,~~~r~e
~IL~O ~Nd ~E~~r ~ Cornrmssio~expires: ~~l - ~~~7~{?~! , ~
= Retvm To: C~V ql~)/~ / ~ t~~~ . ~
First federal Savings 3 Loan Asso:iat:on ~OC[a pQST~~~ ~ /v rl~ I' ~~~I:!'~~~~~~~'V~(%
. v
' Of fo~t P c-ce Ci~.~.AK ~i~R~jV~~ 00{,~T~ ` Q?~~ , ~
Fort Pirrce. Florl~~j ~~`'Qi~4 V~~~IIf O-r ~ i
- Z IQ ~M'11 : ~ o - i
~:~~:p-~~ $
~ {1f ~ ~ ~,,;-2~, : ~ - 3
! ichard K. Ka es Q•' ~
This Insirument Prepared By ? y . ~ ~l :
~ First Federal Savings & Loan Association -;;STnT~,Ci
~ of Fort Pierce 2 0 6 9 9 5
;3
- Checked By ~ -
~
d00K
~ ° R 191 1167
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y - i`s
.u . . _ . _ . ~ti:'~~.